Smith & Watson Foundation
Smith & Watson Foundation is a private foundation, based in HOBBS, NM. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $599K in total assets. In 2025, it awarded 12 grants totaling $30K. Net investment income was $43K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$599K
+7.8% YoY
Annual Giving
$30K
+0.3% YoY
Grant Count
12
-7.7% YoY
Avg Grant Size
$3K
+8.7% YoY
Under IRS private-foundation payout rules, Smith & Watson Foundation reported a distributable amount of $33K for 2025 — the minimum it must pay out in qualifying distributions.
About Smith & Watson Foundation
Based on IRS filings
Smith & Watson Foundation is a private foundation, based in HOBBS, NM. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $599K in total assets. In 2025, it awarded 12 grants totaling $30K. Net investment income was $43K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $599,010 | $555,539 | $572,260 |
| Revenue | $82,673 | $22,014 | $61,183 |
| Expenses | $39,202 | $38,735 | $37,906 |
| Qualifying Distributions | $31,586 | $31,495 | $31,478 |
| Net Investment Income | $42,620 | $23,825 | $24,436 |
| Distributable Amount | $33,469 | $32,076 | $28,239 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
64 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include University of the Southwest ($6,000), Palmer Drug Abuse Program ($5,000), Granbury Church of Christ ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CONQUISTADOR BOY SCOUTS OF AMERICA ROSWELL, NM | GENERAL SUPPORT | $200 |
| HABITAT FOR HUMANITY HOBBS, NM | GENERAL SUPPORT | $3,000 |
| ISAIAHS SOUP KITCHEN HOBBS, NM | GENERAL SUPPORT | $750 |
| LEA COUNTY HUMANE SOCIETY HOBBS, NM | GENERAL SUPPORT | $500 |
| LEA COUNTY MUSEUM LOVINGTON, NM | GENERAL SUPPORT | $750 |
| MY POWER INC HOBBS, NM | GENERAL SUPPORT | $4,000 |
| NEW MEXICO JUNIOR COLLEGE FOUNDATION HOBBS, NM | GENERAL SUPPORT | $2,500 |
| PALMER DRUG ABUSE PROGRAM HOBBS, NM | GENERAL SUPPORT | $5,000 |
| SOUTHWEST SYMPHONY HOBBS, NM | GENERAL SUPPORT | $1,500 |
| UNIVERSITY OF THE SOUTHWEST HOBBS, NM | GENERAL SUPPORT | $6,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JULEE W SMITH | PRESIDENT | 1 | — |
| R FINN SMITH | SECRETARY/TREASURER | 2 | — |
Frequently Asked Questions
How large is Smith & Watson Foundation?
As of 2025, Smith & Watson Foundation holds $599K in total assets with $83K in annual revenue. It awarded 12 grants totaling $30K in 2025.
Where does Smith & Watson Foundation operate?
Smith & Watson Foundation has awarded grants in New Mexico, Texas.
What size grants does Smith & Watson Foundation award?
In 2025, Smith & Watson Foundation awarded 12 grants totaling $30K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Smith & Watson Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Smith & Watson Foundation reported a distributable amount of $33K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Smith & Watson Foundation's EIN?
Smith & Watson Foundation's EIN (Employer Identification Number) is 85-0387785. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Smith & Watson Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.