The Matthew & Tracy Smith Foundation
The Matthew & Tracy Smith Foundation is a private foundation based in Boca Raton, Florida, that reported 19 grants totaling $244,835 in filing year 2025. Its listed grants went to organizations working in areas including community support, education, culture, civic affairs, and support for military personnel and families.
Key facts about The Matthew & Tracy Smith Foundation
In short: The Matthew & Tracy Smith Foundation gave $245K across 19 grants in 2025 (avg $13K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- EIN
- 27-6974020
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $244,835
- Grants made (2025)
- 19
- Average grant
- $12,886
- Median grant
- $10,000
- Total assets
- $2,342,506
- Primary geography
- Florida (58% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.3M
+1.9% YoY
Annual Giving
$245K
-61.1% YoY
Grant Count
19
+72.7% YoY
Avg Grant Size
$13K
-77.5% YoY
Under IRS private-foundation payout rules, The Matthew & Tracy Smith Foundation reported a distributable amount of $108K for 2025 — the minimum it must pay out in qualifying distributions.
How The Matthew & Tracy Smith Foundation gives
- 47% of 2025 grantees were also funded in 2024. Method
- Giving grew 113% from 2022 to 2025. Method
- In 2025 it paid out 227% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No foundation mission statement is provided. Its 2025 grantees describe a range of missions: GLAM4GOOD Foundation says it repurposes unused merchandise to address clothing and self-care insecurity; West Palm Golf Community Trust says it supports local youth and families through education, mentorship, and life-skills development; and the Navy SEAL Foundation says it supports warriors, veterans, and families of Naval Special Warfare.
Other grantees’ stated missions include improving quality of life in Palm Beach through civic engagement (Palm Beach Civic Association), raising private support for UC San Diego’s research, teaching, and public service (UC San Diego Foundation), and providing educational and cultural programs (The Society of the Four Arts). Yellowstone Club Community Foundation says it provides resources to nonprofits promoting community service, education, and conservation in the greater Big Sky and Gallatin Valley area. Adopt-A-Family of the Palm Beaches says it helps families with children achieve stability and self-sufficiency.
Grantmaking
In filing year 2025, the foundation reported 19 grants totaling $244,835. Grant amounts ranged from $400 to $50,000, with a median grant of $10,000.
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Geographic Focus
Where this funder awards grants
In filing year 2025, 58% of grant dollars went to recipients in Florida, 25% to New York, 8% to Virginia, 5% to California, and 4% to Montana.
Grant Distribution by State
Share of 2025 grant dollars across all 19 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $105K (2019) to $630K (2024). In 2025 it made 19 grants totaling $245K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was GLAM4GOOD Foundation ($50K). Together the top 10 received $205K.
Grant Size Distribution
59 grants across all recorded years
The most common grant size was under $50K: 48 grants of 59 (81%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| GLAM4GOOD Foundation Dobbsferry, NY | General Purpose | $50,000 |
| The Palm Beach Police & Fire Foundation Inc Palm Beach, FL | General Purpose | $32,500 |
| West Palm Golf Community Trust Inc West Palm Beach, FL | General Purpose | $25,000 |
| National Navy Seal Museum Fort Pierce, FL | General Purpose | $20,000 |
| Navy Seal Foundation Virginia Beach, VA | General Purpose | $20,000 |
| Palm Beach Civic Association Inc Palm Beach, FL | General Purpose | $15,000 |
| Uc San Diego Foundation La Jolla, CA | General Purpose | $12,500 |
| The Society of the Four Arts Inc Palm Beach, FL | General Purpose | $10,000 |
| Yellowstone Club Community Foundation Bozeman, MT | General Purpose | $10,000 |
| Robin Hood New York, NY | General Purpose | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant sum | Grant count |
|---|---|---|---|---|---|
| 2025 | $2,342,506 | $207,126 | $256,545 | $244,835 | 19 |
| 2024 | $2,297,936 | $200,463 | $639,576 | $630,200 | 11 |
| 2023 | $2,417,041 | $85,595 | $568,893 | $558,167 | 9 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,342,506 | $2,297,936 | $2,417,041 |
| Revenue | $207,126 | $200,463 | $85,595 |
| Expenses | $256,545 | $639,576 | $568,893 |
| Qualifying Distributions | $244,835 | $630,200 | $558,167 |
| Net Investment Income | $195,965 | $191,212 | $74,869 |
| Distributable Amount | $107,830 | $107,670 | $125,108 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 14, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 14, 2026)
- IRS filings on file for fiscal years 2019–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Matthew Smith and Tracy Smith as trustees.
The Matthew & Tracy Smith Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Matthew Smith
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Tracy Smith
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: Co Baker Tilly 2255 Glades Rd 1, Boca Raton, FL 33431
Phone: (212) 840-3456
Frequently asked questions about The Matthew & Tracy Smith Foundation
How much does The Matthew & Tracy Smith Foundation give each year?
The Matthew & Tracy Smith Foundation gave $245K across 19 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $630K across 11 grants.
What is The Matthew & Tracy Smith Foundation's typical grant size?
The Matthew & Tracy Smith Foundation's median grant in 2025 was $10,000, and its average grant was $12,886, across 19 grants on its 2025 IRS Form 990-PF.
Where does The Matthew & Tracy Smith Foundation give grants?
The Matthew & Tracy Smith Foundation gives mostly in Florida: 58% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were New York (25%) and Virginia (8%). The most frequent recipient cities were Palm Beach, FL (6 grants) and West Palm Beach, FL (3 grants).
Does The Matthew & Tracy Smith Foundation give general operating support?
Yes: 100% of The Matthew & Tracy Smith Foundation's 2025 grants with a stated purpose (19 of 19) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Matthew & Tracy Smith Foundation's largest grantees?
The Matthew & Tracy Smith Foundation's largest 2025 grantees include GLAM4GOOD Foundation ($50,000), The Palm Beach Police & Fire Foundation Inc ($32,500) and West Palm Golf Community Trust Inc ($25,000), according to its 2025 IRS Form 990-PF. Together they received 44% of its itemized 2025 grant dollars.
How large is The Matthew & Tracy Smith Foundation?
The Matthew & Tracy Smith Foundation reported $2.3M in total assets on its 2025 IRS Form 990-PF. It paid out $245K in qualifying distributions that year, against a required minimum of $108K (roughly 5% of its investment assets).
What does The Matthew & Tracy Smith Foundation fund?
No foundation mission statement is provided. See mission & focus areas ↑
How do I apply for a grant from The Matthew & Tracy Smith Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Matthew & Tracy Smith Foundation's EIN?
The Matthew & Tracy Smith Foundation's EIN (Employer Identification Number) is 27-6974020. IRS Form 990 filing data is available on this page for 2019–2025.
Does The Matthew & Tracy Smith Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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