The Donald and Paula Smith Foundation
The Donald and Paula Smith Foundation is a private foundation focused on public and societal benefit, based in New York, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $93.2M in total assets. In 2025, it awarded 3 grants totaling $12.3M. Net investment income was $12.1M.
Key facts about The Donald and Paula Smith Foundation
In short: The Donald and Paula Smith Foundation gave $12.3M across 3 grants in 2025 (avg $4.1M), mostly in Rhode Island. Source: 2025 IRS Form 990-PF.
- EIN
- 22-3732524
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $12,350,000
- Grants made (2025)
- 3
- Average grant
- $4,116,667
- Median grant
- $3,200,000
- Total assets
- $93,205,307
- Primary geography
- Rhode Island (69% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$93.2M
-0.5% YoY
Annual Giving
$12.3M
+28.0% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$4.1M
+28.0% YoY
Under IRS private-foundation payout rules, The Donald and Paula Smith Foundation reported a distributable amount of $7.2M for 2025 — the minimum it must pay out in qualifying distributions.
How The Donald and Paula Smith Foundation gives
- Giving grew 34% from 2022 to 2025. Method
- In 2025 it paid out 174% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $9.2M (2022) to $12.3M (2025). In 2025 it made 3 grants totaling $12.3M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Vanguard Charitable ($8.5M). Together the top 3 received $12.3M.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 14 (36%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Vanguard Charitable Warwick, RI | To Further Donee's Exempt Purpose | $8,500,000 |
| Atlas Network Arlington, VA | To Further Donee's Exempt Purpose | $3,200,000 |
| Cato Institute Washington, DC | To Further Donee's Exempt Purpose | $650,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $93,205,307 | $93,627,994 | $93,382,114 |
| Revenue | $13,444,661 | $11,099,585 | $15,841,334 |
| Expenses | $13,784,801 | $10,853,705 | $11,842,081 |
| Qualifying Distributions | $12,491,837 | $9,789,335 | $10,225,323 |
| Net Investment Income | $12,096,324 | $10,010,413 | $14,884,745 |
| Distributable Amount | $7,187,620 | $5,572,742 | $4,654,323 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 16, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS December 21, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS December 23, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 27, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
The Donald and Paula Smith Foundation is led by Julie Smith, President & Director on every filing since 2020; 1 of 9 officers listed in 2025 is compensated.
Officers on the 2025 filing
Julie Smith
President & Director
On filings since 2020
10 hrs/week
$183K (2021) → $120K (2025)
Jon Hartsel
Secretary & Director
On filings since 2020
1 hr/week
No compensation reported
Ken Levy
Director
On filings since 2020
1 hr/week
No compensation reported
Laura Winner
Vice President & Director
On filings since 2020
1 hr/week
No compensation reported
Nikolaos Monoyios
Director
On filings since 2020
1 hr/week
No compensation reported
Paula Smith
Director
On filings since 2020
1 hr/week
No compensation reported
Richard Greenberg
Treasurer & Director
On filings since 2020
1 hr/week
No compensation reported
Robert Gelfond
Director
On filings since 2020
1 hr/week
No compensation reported
Scott Barbee
Director
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Donald Smith (2020) — President & Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $120K, to Julie Smith (President/DIR.).
Frequently asked questions about The Donald and Paula Smith Foundation
How much does The Donald and Paula Smith Foundation give each year?
The Donald and Paula Smith Foundation gave $12.3M across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $9.7M across 3 grants.
What is The Donald and Paula Smith Foundation's typical grant size?
The Donald and Paula Smith Foundation's median grant in 2025 was $3,200,000, and its average grant was $4,116,667, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Donald and Paula Smith Foundation give grants?
The Donald and Paula Smith Foundation gives mostly in Rhode Island: 69% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Virginia (26%) and District of Columbia (5%).
How large is The Donald and Paula Smith Foundation?
The Donald and Paula Smith Foundation reported $93.2M in total assets on its 2025 IRS Form 990-PF. It paid out $12.5M in qualifying distributions that year, against a required minimum of $7.2M (roughly 5% of its investment assets).
What is The Donald and Paula Smith Foundation?
The Donald and Paula Smith Foundation is a private foundation focused on public and societal benefit, based in New York, NY. It holds $93.2M in total assets as of 2025.
What is The Donald and Paula Smith Foundation's EIN?
The Donald and Paula Smith Foundation's EIN (Employer Identification Number) is 22-3732524. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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