The Donald and Paula Smith Foundation

Private foundation · Grantmaker New York, NY EIN: 22-3732524

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

5states

Share of 2025 grant dollars across all 3 itemized grants.

Cities

WashingtonWarwickArlingtonIndianapolisPhiladelphia

Giving Over Time

Total grant dollars and number of grants per year

$0$5M$10M$15M7 grants2020 3 grants2021 3 grants2022 2 grants2023 3 grants2024 3 grants2025

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

Vanguard Charitable: $8.5MVanguard Charitable$8.5MAtlas Network: $3.2MAtlas Network$3.2MCato Institute: $650KCato Institute$650K

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

<$50K$50–100K1$100–250K2$250–500K2$500K–1M4$1–5M5$5M+

The most common grant size was $5M or more: 5 grants of 14 (36%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Vanguard Charitable Warwick, RITo Further Donee's Exempt Purpose$8,500,000
Atlas Network Arlington, VATo Further Donee's Exempt Purpose$3,200,000
Cato Institute Washington, DCTo Further Donee's Exempt Purpose$650,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10M$20M$30M2020 2021 2022 2023 2024 2025
Metric202520242023
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

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS February 16, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS February 9, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS March 15, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS December 21, 2023)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS December 23, 2024)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS March 27, 2026)
  7. 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

Julie Smith — President/DIR.: $120KJulie SmithPresident/DIR.$120K

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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