Smith Richardson Foundation Inc
The Smith Richardson Foundation is a private grantmaking foundation incorporated in 1935 and based in Greensboro, North Carolina. The foundation was founded by H. Smith Richardson and his wife, Grace Jones Richardson. H. Smith Richardson was the son of Lunsford Richardson, who created Vicks VapoRub and founded The Vick Chemical Company. The foundation operates as a 501(c)(3) organization and has been tax-exempt since May 1948.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$557.9M
+2.3% YoY
Annual Giving
$22.9M
+0.7% YoY
Grant Count
282
+0.0% YoY
Avg Grant Size
$81K
+0.7% YoY
Mission & Focus Areas
The mission of the Smith Richardson Foundation is to contribute to important public debates and to address serious public policy challenges facing the United States. The foundation seeks to help ensure the vitality of social, economic, and governmental institutions. It also seeks to assist with the development of effective policies to compete internationally and advance U.S. interests and values abroad.
The foundation operates through two primary programs:
International Security & Foreign Policy Program This program assists the U.S. policy community in developing effective national security strategies and foreign policies. The foundation supports projects addressing great power competition, disruptive technologies, and regional security issues in Europe, East Asia, and the Middle East, specifically examining challenges from adversaries like China, Russia, Iran, and North Korea.
Domestic Public Policy Program This program supports research on and evaluation of existing public policies and programs, as well as projects that inject new ideas into public debates to help the public and policymakers understand and address critical challenges facing the United States.
Grantmaking
The foundation's typical grant awards range from $500 to $404,355. Recent grant opportunities include:
Review Cycle
basis.
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Geographic Focus
Where this funder awards grants
The foundation funds projects primarily in the District of Columbia, North Carolina, and Connecticut, though it supports projects across a wide range of U.S. cities and states, including major urban centers.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $558 million
- Annual Revenue: $39.8 million
- Annual Expenses: $34.5 million
- Total Liabilities: $42.2 million
- Total Giving: $22,921,010
As of 2023:
- Total Assets: approximately $557.9 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $557,948,572 | $545,245,316 | $517,774,018 |
| Revenue | $39,816,880 | $44,427,804 | $-54,374,393 |
| Expenses | $34,477,058 | $24,151,633 | $35,127,481 |
| Qualifying Distributions | $29,547,796 | $28,312,157 | $31,603,141 |
| Net Investment Income | $39,342,631 | $18,806,996 | $11,403,112 |
| Distributable Amount | $26,930,805 | $26,338,252 | $27,365,714 |
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 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
3 open opportunities from Smith Richardson Foundation Inc
Smith Richardson Foundation- International Security & Foreign Policy Grant
SMITH RICHARDSON FOUNDATION INC
Amount
Varies
Deadline
Rolling / Open
Smith Richardson Foundation: Domestic Public Policy Grant
SMITH RICHARDSON FOUNDATION INC
Amount
Varies
Deadline
Rolling / Open
Strategy & Policy Fellows Grant Program
SMITH RICHARDSON FOUNDATION INC
Amount
US $60,000
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Peter L. Richardson serves as President of the foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PL RICHARDSON | CHAIRMAN OF THE TRUSTEES | 50 | $775,554 |
| MR RICHARDSON'S SUPPLEMENTAL | N/A | — | — |
| DR MARIN STRMECKI | PRESIDENT, DIRECTOR OF PROGRAMS | 50 | $711,430 |
| NICOLE BATEMAN | ASSISTANT SECRETARY | 40 | $114,107 |
| ROSS HEMPHILL | SENIOR VP, CFO, INVESTMENT CMT | 47 | $172,660 |
| WWINBURNE KING III | VICE CHAIR OF THE TRUSTEES, INVST CMT | 40 | $70,902 |
| DR ARVID R NELSON | TRUSTEE, SECRETARY, AUDIT CMT. CHAIR | 22 | $80,000 |
| MICHAEL BLAIR | TRUSTEE, AUDIT & COMPENSATION CMT. | 1 | $40,000 |
| JOHN P RICHARDSON JR | TRUSTEE, AUDIT COMMITTEE | 1 | $40,000 |
| NICOLAS L RICHARDSON | TRUSTEE, INVESTMENT CMT., GRANTS CMT | 1 | $40,000 |
| TYLER B RICHARDSON | TRUSTEE, GRANTS & INVESTMENT CMT | 1 | $40,000 |
| E WILLIAM STETSON III | TRUSTEE, GRANTS COMMITTEE | 1 | $40,000 |
| THE ABOVE COMPENSATION SHOWS THE | N/A | — | — |
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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