The Horace Smith Fund
The Horace Smith Fund is a private foundation, based in Westfield, MA. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $6.7M in total assets. In 2026, it awarded 2 grants totaling $311K. Net investment income was $78K.
The Horace Smith Fund at a glance
In short: The Horace Smith Fund gave $311K across 2 grants in 2026 (avg $155K), mostly in Massachusetts. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $310,855
- +3.4% vs 2025
- Grants made (2026)
- 2
- +0.0% vs 2025
- Average grant
- $155,428
- +3.4% vs 2025
- Median grant
- $155,428
- Total assets
- $6,661,561
- -3.6% vs 2025
- Primary geography
- Massachusetts (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who The Horace Smith Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2026
The largest 2026 recipient was Scholarship Recipients ($245K).
Organizations only. It also paid 1 grant to individuals ($66,310), which are not listed by name.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $50–100K range: 5 grants of 10 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 2 itemized grants.
States
Cities
How The Horace Smith Fund gives
- Giving held roughly steady from 2023 to 2026 (+0%). Method
- In 2026 it paid out 121% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2026, annual grant giving ranged from $301K (2025) to $312K (2021). In 2026 it made 2 grants totaling $311K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Scholarship Recipients Westfield, MA | Scholarships | $244,545 |
| 1 grant to individuals Recipients not named | — | $66,310 |
Ready to take the next step with The Horace Smith Fund?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2026 | $6,661,561 | $309,533 | $548,464 | $310,855 | 2 | $462,190 | $78,047 | $382,922 |
| 2025 | $6,907,342 | $631,413 | $545,736 | $300,574 | 2 | $450,015 | $558,119 | $376,951 |
| 2024 | $6,815,464 | $390,651 | $535,269 | $303,048 | 2 | $446,795 | $117,778 | $349,572 |
| 2023 | $6,959,364 | $-220,767 | $534,808 | $311,745 | 2 | $449,306 | $44,378 | $351,058 |
| 2022 | $7,735,757 | $2,114,925 | $552,766 | $306,480 | 2 | $436,072 | $2,051,866 | $406,142 |
| 2021 | $6,155,302 | $566,229 | $521,481 | $312,496 | 2 | — | $505,143 | $358,338 |
| 2020 | $6,113,378 | $620,639 | $514,869 | $305,337 | 2 | — | $568,261 | $351,614 |
Under IRS private-foundation payout rules, The Horace Smith Fund reported a distributable amount of $383K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Horace Smith Fund is led by Wayne L. Webster, President on every filing since 2020; 1 of 6 officers listed in 2026 is compensated.
Officers on the 2026 filing
Wayne L. Webster
President
On filings since 2020
1 hr/week
No compensation reported
Kathleen Bourque
Trustee
On filings since 2020
1 hr/week
No compensation reported
Teresa Regina
Trustee
On filings since 2020
1 hr/week
No compensation reported
Josephine Sarnelli
Clerk & Executive
On filings since 2020
10 hrs/week
$33K (2020) → $39K (2026)
Anthony Giacomoni
Treasurer
Trustee → Treasurer, 2024
On filings since 2020
1 hr/week
No compensation reported
James W. Broderick Jr.
Assistant Tr
Treasurer → Trustee, 2024
Trustee → Assistant Tr, 2025
On filings since 2020
1 hr/week
No compensation reported
Former officers (3)
- Former: Christine Blacke (2020–2022) — Office Administrator
- Former: Michael E. Tucker (2020–2021) — Trustee
- Former: Patricia A. Santaniello (2020–2021) — Assistant Treasurer
Data from IRS Form 990 filings, 2020–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $39K, to Josephine Sarnelli (Clerk/ Exec).
Frequently asked questions about The Horace Smith Fund
How much does The Horace Smith Fund give each year?
The Horace Smith Fund gave $311K across 2 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $301K across 2 grants.
How large is The Horace Smith Fund?
The Horace Smith Fund reported $6.7M in total assets on its 2026 IRS Form 990-PF. It paid out $462K in qualifying distributions that year, against a required minimum of $383K (roughly 5% of its investment assets).
Where does The Horace Smith Fund operate?
The Horace Smith Fund has awarded grants in Massachusetts.
What is The Horace Smith Fund's EIN?
The Horace Smith Fund's EIN (Employer Identification Number) is 04-2235130. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS July 20, 2026)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in The Horace Smith Fund's focus areas in our free grants database
Similar Funders
Similar funders in Massachusetts
Boston Foundation Inc
Boston, MA
The Boston Foundation funds nonprofits and community initiatives focused on equity and opportunity, including child well-being, economic opportunity, community wealth, and community leadership, primarily in Greater Boston. Its 2025 grants had a median of $25,000, while specific programs offer amounts such as $50,000; whether it accepts unsolicited requests is not stated.
Assets
$2.1B
Grants
2,375
Total Given
$228.4M
Barr Foundation
Boston, MA
The Barr Foundation funds arts and creativity, climate, education, and New England’s social sector, primarily through long-term support for organizations in New England. Its 2024 grants ranged from $100 to $3.275 million, with a median of $80,000. Its filing says it accepts only requests from preselected organizations and does not accept unsolicited requests, though its website describes program-page inquiries and occasional open calls.
Assets
$1.9B
Grants
903
Total Given
$123.2M
Liberty Mutual Foundation Inc
Boston, MA
Liberty Mutual Foundation funds basic needs such as food and shelter, education and workforce development, and climate and community infrastructure, including homelessness and community preparedness programs. Its 2024 grants had a median of $35,000, and most funding supports organizations or programs serving the Boston area, though it also gives elsewhere. It accepts unsolicited online requests on a rolling basis, with no submission deadlines.
Assets
$46.1M
Grants
706
Total Given
$50.6M
Cummings Foundation Grants Inc (FKA Oneworld Boston Inc)
Woburn, MA
Cummings Foundation Grants Inc. funds nonprofits working in human services, education, healthcare, fairness and justice, and the environment, primarily in greater Boston and eastern Massachusetts. Its 2024 grants ranged from $1,000 to $3.5 million, with a median of $35,000; it accepts letters of inquiry through an online portal during its application cycle, which was not open at the time described.
Assets
$258.2M
Grants
658
Total Given
$38.2M
American Tower Corporation Foundation
Boston, MA
Assets
$15.4M
Grants
632
Total Given
$1.7M
The Stephen Phillips Memorial Scholarship Fund Inc
Boston, MA
The fund awards need- and merit-based scholarships to full-time students pursuing bachelor’s degrees who permanently reside in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, or Vermont; recipients may attend college anywhere in the United States. Awards generally range from $3,000 to $17,000, with typical annual awards of $6,000 to $10,000. It accepts applications through an online student portal; the profile does not describe other unsolicited requests.
Assets
$41.6M
Grants
520
Total Given
$5.1M
More similar funders
More Funders in Massachusetts
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from The Horace Smith Fund'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.
The Horace Smith Fund down — hundreds of funders to go?