Steve and Kate Smith Community Trust
The Steve and Kate Smith Community Trust is a private foundation based in McMinnville, Tennessee. Its 2024 filing describes eligibility as limited to charitable organizations operating within Warren County that benefit Warren County children and address their physical, mental, educational, artistic, or spiritual needs.
Steve and Kate Smith Community Trust at a glance
In short: Steve and Kate Smith Community Trust gave $499K across 11 grants in 2024 (avg $45K), mostly in Tennessee. 0% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $498,783
- +15.6% vs 2023
- Grants made (2024)
- 11
- -21.4% vs 2023
- Average grant
- $45,344
- +47.1% vs 2023
- Median grant
- $30,000
- Total assets
- $10,416,047
- +2.2% vs 2023
- New grantees (estimate)
- 0% first-time grantees (0 of 10, 2024; small sample)
- Primary geography
- Tennessee (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Steve and Kate Smith Community Trust
- How to Apply
-
The filing lists First National Bank as the contact and says to apply using a written form. Eligible organizations must be described in sections 501(c)(3) and 509(a)(1), (2), or (3), and exempt from tax under section 501(c)(3).
- Review Cycle
- December 31.
- Deadline
- December 31.
- Contact
Application contact: First National Bank
Mailing address: 200 East Main Street, Mcminnville, TN 37110
Phone: (931) 473-4402
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Steve and Kate Smith Community Trust funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was American Red Cross ($145K). Together the top 9 received $449K.
Organizations only. It also paid 2 grants to individuals ($50,000), which are not listed by name.
Grant Size Distribution
60 grants across all recorded years
The most common grant size was under $50K: 43 grants of 60 (72%).
Geographic Focus
Where this funder awards grants
The filing’s eligibility restriction specifies charitable organizations operating within Warren County, Tennessee, and benefiting children of the county. All 2024 grant dollars went to recipients in Tennessee.
Grant Distribution by State
Share of 2024 grant dollars across all 11 itemized grants.
Cities
Is Steve and Kate Smith Community Trust open to new grantees?
0%
first-time grantees, 2024
In 2024, 0 of 10 grantees (0%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. How we count
- 100% of 2024 grantees were also funded in 2023. Method
- Giving grew 27% from 2021 to 2024. Method
- In 2024 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $393K (2021) to $499K (2024). In 2024 it made 11 grants totaling $499K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Red Cross McMinnville, TN | Contribution | $144,924 |
| Kids of the Community McMinnville, TN | Backyard Bible Camp | $100,359 |
| Christ Family Church McMinnville, TN | Clothing for Underpriviledged Children in Warren County | $50,000 |
| Westwood Church of Christ McMinnville, TN | Youth Program | $37,500 |
| Warren Arts Foundation Morrison, TN | Student Produced Theatrical Production | $30,000 |
| 2 grants to individuals Recipients not named | — | $50,000 |
| McMinnville Special Games McMinnville, TN | Equestrian Therapy Project | $26,000 |
| Helping Hands Ministry McMinnville, TN | School Supplies for Impoverished Students | $20,000 |
| Warren County Development Corporati McMinnville, TN | Ballet Classes and Kayak Trip | $20,000 |
| My Father's Closet McMinnville, TN | Provide Immediate Essentials to Children in Foster Care | $20,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $10,416,047 | $910,347 | $685,011 | $498,783 | 11 | $498,783 | $726,319 | $522,314 |
| 2023 | $10,195,480 | $1,910,276 | $574,030 | $431,539 | 14 | $431,539 | $534,242 | $471,812 |
| 2022 | $8,861,668 | $394,622 | $587,613 | $449,886 | 11 | $449,886 | $265,062 | $431,539 |
| 2021 | $9,054,659 | $1,051,963 | $552,180 | $393,468 | 12 | $393,468 | $890,756 | $484,886 |
| 2020 | $8,554,876 | $272,240 | $610,105 | $468,359 | 12 | — | $130,818 | $441,419 |
Under IRS private-foundation payout rules, Steve and Kate Smith Community Trust reported a distributable amount of $522K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No separate mission statement for the Trust is provided. Its 2024 grants supported activities including youth programs, children’s essentials, education, arts, and equestrian therapy.
Grantee descriptions illustrate some of the organizations supported. Kids of the Community says its mission is “to work with disadvantaged children of the community.” Warren Arts Foundation says it provides arts education and presentation opportunities for all ages in Warren and surrounding counties. Pregnancy Care Center describes its work as empowering individuals through education, medical services, counseling, and compassionate care.
Grantmaking
In 2024, the Trust awarded 11 grants totaling $498,783. Grant amounts ranged from $20,000 to $144,924, with a median of $30,000. Notable awards included $144,924 to American Red Cross for a contribution; $100,359 to Kids of the Community for Backyard Bible Camp; $50,000 to Christ Family Church for clothing for underprivileged children in Warren County; and $37,500 to Westwood Church of Christ for a youth program.
Other 2024 awards included $30,000 to Warren Arts Foundation for a student-produced theatrical production and $30,000 to Pregnancy Care Center for training and certification expenses and items to meet clients’ material needs. McMinnville Special Games received $26,000 for an equestrian therapy project. Helping Hands Ministry, Warren County Development Corporation, My Father’s Closet, and Warren County Books from Birth each received $20,000 for purposes including school supplies, ballet classes and a kayak trip, immediate essentials for children in foster care, and monthly books for children age five and under in Warren County.
The filing states that the Trust does not restrict giving to preselected organizations.
Leadership & Key People
Leadership team and compensation from IRS filings
First National Bank is listed as trustee on the 2024 filing.
Steve and Kate Smith Community Trust's only listed officer is First National Bank, Trustee on every filing since 2020 (uncompensated).
Officers on the 2024 filing
First National Bank
Trustee
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Steve and Kate Smith Community Trust
How much does Steve and Kate Smith Community Trust give each year?
Steve and Kate Smith Community Trust gave $499K across 11 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $432K across 14 grants.
What is Steve and Kate Smith Community Trust's typical grant size?
Steve and Kate Smith Community Trust's median grant in 2024 was $30,000, and its average grant was $45,344, across 11 grants on its 2024 IRS Form 990-PF.
Where does Steve and Kate Smith Community Trust give grants?
Steve and Kate Smith Community Trust gives mostly in Tennessee: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were McMinnville, TN (8 grants).
Does Steve and Kate Smith Community Trust give general operating support?
Not in 2024: none of the 11 grants with a stated purpose on Steve and Kate Smith Community Trust's 2024 IRS Form 990-PF were described as general or operating support.
Who are Steve and Kate Smith Community Trust's largest grantees?
Steve and Kate Smith Community Trust's largest 2024 grantees include American Red Cross ($144,924), Kids of the Community ($100,359) and Christ Family Church ($50,000), according to its 2024 IRS Form 990-PF. It also paid 2 grants to individuals ($50,000), which are not listed by name. Together they received 59% of its itemized 2024 grant dollars.
How large is Steve and Kate Smith Community Trust?
Steve and Kate Smith Community Trust reported $10.4M in total assets on its 2024 IRS Form 990-PF. It paid out $499K in qualifying distributions that year, against a required minimum of $522K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Steve and Kate Smith Community Trust fund?
No separate mission statement for the Trust is provided. Its 2024 grants supported activities including youth programs, children’s essentials, education, arts, and equestrian therapy. See mission & focus areas ↑
How do I apply for a grant from Steve and Kate Smith Community Trust?
The filing lists First National Bank as the contact and says to apply using a written form. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Steve and Kate Smith Community Trust's EIN?
Steve and Kate Smith Community Trust's EIN (Employer Identification Number) is 46-7341917. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 1, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 19, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Steve and Kate Smith Community Trust funds
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Cite this profile
Grantable. (2026). Steve and Kate Smith Community Trust funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/steve-and-kate-smith-community-trust-morg_1863de295e764e55bfdb7f92cd1c50eb
BibTeX
@misc{grantable_467341917_2026,
author = {{Grantable}},
title = {{Steve and Kate Smith Community Trust funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/steve-and-kate-smith-community-trust-morg_1863de295e764e55bfdb7f92cd1c50eb},
note = {Accessed 2026-10-17. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Steve and Kate Smith Community Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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