The Matthew & Tracy Smith Foundation
The Matthew & Tracy Smith Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOCA RATON, FL. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 11 grants totaling $630K. Net investment income was $191K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
-4.9% YoY
Annual Giving
$630K
+12.9% YoY
Grant Count
11
+22.2% YoY
Avg Grant Size
$57K
-7.6% YoY
Under IRS private-foundation payout rules, The Matthew & Tracy Smith Foundation reported a distributable amount of $108K for 2024 — the minimum it must pay out in qualifying distributions.
About The Matthew & Tracy Smith Foundation
Based on IRS filings
The Matthew & Tracy Smith Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOCA RATON, FL. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 11 grants totaling $630K. Net investment income was $191K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,297,936 | $2,417,041 | $2,581,831 |
| Revenue | $200,463 | $85,595 | $71,866 |
| Expenses | $639,576 | $568,893 | $133,737 |
| Qualifying Distributions | $630,200 | $558,167 | $115,167 |
| Net Investment Income | $191,212 | $74,869 | $56,296 |
| Distributable Amount | $107,670 | $125,108 | $151,998 |
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
49 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include West Palm Golf Community Trust Inc ($335,000), Palm Beach Navy Seal Evening of Tribute ($129,700), Regents of the University of Michigan ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADOPT-A-FAMILY OF THE PALM BEACHES INC LAKE WORTH, FL | GENERAL PURPOSE | $2,500 |
| FRIENDS OF RECREATION PALM BEACH, FL | GENERAL PURPOSE | $15,000 |
| OXBRIDGE ACADEMY OF THE PALM BEACHES WEST PALM BEACH, FL | GENERAL PURPOSE | $3,000 |
| PALM BEACH CIVIC ASSOCIATION INC PALM BEACH, FL | GENERAL PURPOSE | $15,000 |
| REGENTS OF THE UNIVERSITY OF MICHIGAN ANN ARBOR, MI | GENERAL PURPOSE | $50,000 |
| THE PALM BEACH POLICE & FIRE FOUNDATION INC PALM BEACH, FL | GENERAL PURPOSE | $7,500 |
| THE SOCIETY OF THE FOUR ARTS INC PALM BEACH, FL | GENERAL PURPOSE | $10,000 |
| UC SAN DIEGO FOUNDATION LA JOLLA, CA | GENERAL PURPOSE | $12,500 |
| WEST PALM GOLF COMMUNITY TRUST INC WEST PALM BEACH, FL | GENERAL PURPOSE | $335,000 |
| GLAM4GOOD FOUNDATION DOBBSFERRY, NY | GENERAL PURPOSE | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MATTHEW SMITH | TRUSTEE | 5 | — |
| TRACY SMITH | TRUSTEE | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Matthew & Tracy Smith Foundation?
The Matthew & Tracy Smith Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOCA RATON, FL. It holds $2.3M in total assets as of 2024.
How large is The Matthew & Tracy Smith Foundation?
As of 2024, The Matthew & Tracy Smith Foundation holds $2.3M in total assets with $200K in annual revenue. It awarded 11 grants totaling $630K in 2024.
Where does The Matthew & Tracy Smith Foundation operate?
The Matthew & Tracy Smith Foundation has awarded grants in California, Colorado, Florida, Michigan, Montana, North Carolina, New York, Rhode Island, Texas.
What size grants does The Matthew & Tracy Smith Foundation award?
In 2024, The Matthew & Tracy Smith Foundation awarded 11 grants totaling $630K — an average of about $57K per grant, based on its IRS Form 990 filings.
How much is The Matthew & Tracy Smith Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Matthew & Tracy Smith Foundation reported a distributable amount of $108K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2019–2024.
Explore Open Grants
Browse active grant opportunities in The Matthew & Tracy Smith Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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