Smith Family Foundation

Foundation · Grantmaker Grosse Pointe Farms, MI EIN: 20-4957281

Smith Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Grosse Pointe Farms, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $615K in total assets. In 2024, it awarded 3 grants totaling $110K. Net investment income was $102K.

Key facts about Smith Family Foundation

EIN: 20-4957281
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $110,000
Grants made (2024): 3
Average grant: $36,667
Median grant: $10,000
Total assets: $614,550
Primary geography: Michigan (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Smith Family Foundation funds

By grant dollars, the top recipient states for Smith Family Foundation's 3 itemized 2024 grants were Michigan (100%). 100% of grants with a stated purpose were for general or operating support.

How Smith Family Foundation gives

Giving held roughly steady from 2021 to 2024 (−1%). Method
In 2024 it paid out 289% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$615K

+1.4% YoY

Annual Giving

$110K

-41.3% YoY

Grant Count

-57.1% YoY

Avg Grant Size

$37K

+36.9% YoY

Under IRS private-foundation payout rules, Smith Family Foundation reported a distributable amount of $40K for 2024 — the minimum it must pay out in qualifying distributions.

About Smith Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Michigan $110K (100%)

Share of all 3 itemized 2024 grant dollars.

States

Michigan New York Ohio

Cities

DetroitGrosse Pointe FarmsSouthfieldGrosse Pointe WoodsPetoskeyNew YorkOak ParkClevelandGrosse PointeOwosso

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$614,550	$605,974	$295,973
Revenue	$118,458	$894,475	$74,421
Expenses	$126,957	$194,855	$71,411
Qualifying Distributions	$115,475	$191,380	$69,885
Net Investment Income	$101,501	$249,762	$15,410
Distributable Amount	$39,890	$24,806	$16,207

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

38 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Christ Church of Grosse Pointe ($90,000), Ascension St John Providence ($10,000), McLaren Northern Michigan ($10,000).

Recipient	Purpose	Amount
CHRIST CHURCH OF GROSSE POINTE Grosse Pointe Farms, MI	GENERAL SUPPORT	$90,000
ASCENSION ST JOHN PROVIDENCE Detroit, MI	GENERAL SUPPORT	$10,000
MCLAREN NORTHERN MICHIGAN Petoskey, MI	GENERAL SUPPORT	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Lisa Vallee-Smith	President/Director	1	—
Jeffrey F Smith	Secretary/Treasurer/Direct	1	—
Dennis Laporte	Director	1	—
Gerard Smith	Director	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Smith Family Foundation?

Smith Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Grosse Pointe Farms, MI. It holds $615K in total assets as of 2024.

How large is Smith Family Foundation?

As of 2024, Smith Family Foundation holds $615K in total assets with $118K in annual revenue. It awarded 3 grants totaling $110K in 2024.

Where does Smith Family Foundation operate?

Smith Family Foundation has awarded grants in Michigan, New York, Ohio.

What size grants does Smith Family Foundation award?

In 2024, Smith Family Foundation awarded 3 grants totaling $110K — an average of about $37K per grant, based on its IRS Form 990 filings.

How much is Smith Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Smith Family Foundation reported a distributable amount of $40K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.