The Garatoni-smith Family Foundation
The Garatoni-Smith Family Foundation is a private family foundation based in Mishawaka, Indiana. Established in 2008, the foundation operates as a 501(c)(3) organization and functions as a grantmaking foundation that relies on investment assets to generate income for charitable distributions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$51.9M
+18.1% YoY
Annual Giving
$3.2M
+107.8% YoY
Grant Count
38
+22.6% YoY
Avg Grant Size
$84K
+69.5% YoY
Mission & Focus Areas
The foundation makes contributions exclusively to tax-exempt 501(c)(3) public charities. Primary funding interests include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation holds only investment assets and generates charitable expenditures from investment income.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Indiana, Michigan, and Virginia.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $43,977,223
- Total Revenue: $1,549,558
- Total Expenses: $1,889,597
- Total Liabilities: $1,470,000
As of 2024:
- Total Assets: $51,949,068
- Total Giving: $3,178,792
The foundation operates with no employees and relies on investment income to support its grantmaking activities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $51,949,068 | $43,977,223 | $48,452,253 |
| Revenue | $12,408,483 | $1,549,558 | $1,280,940 |
| Expenses | $3,475,264 | $1,889,597 | $1,525,586 |
| Qualifying Distributions | $3,178,792 | $1,529,690 | $1,355,070 |
| Net Investment Income | $1,408,744 | $1,206,473 | $1,123,744 |
| Distributable Amount | $2,283,255 | $2,197,475 | $2,323,436 |
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
168 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LAWRENCE H GARATONI | TRUSTEE | 2 | — |
| MICHAEL GARATONI | TRUSTEE | 2 | — |
| SHANE FIMBEL | TRUSTEE | 2 | — |
| SUSAN FORD | TRUSTEE | 2 | — |
| PAM VELDMAN | TRUSTEE | 2 | — |
| MARY HUNT | TRUSTEE | 2 | — |
| STEVE WHEATLEY | EXECUTIVE VICE PRESIDENT | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
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—
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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