The Olcott & Lucy Smith Foundation Inc
The Olcott & Lucy Smith Foundation Inc is a private foundation, based in Hartford, CT. IRS filing data is available from 2020 through 2024. In 2024, it awarded 4 grants totaling $545K. Net investment income was $267K.
The Olcott & Lucy Smith Foundation Inc at a glance
In short: The Olcott & Lucy Smith Foundation Inc gave $545K across 4 grants in 2024 (avg $136K), mostly in Connecticut. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $545,454
- +1826.3% vs 2023
- Grants made (2024)
- 4
- +0.0% vs 2023
- Average grant
- $136,364
- +1826.3% vs 2023
- Median grant
- $140,127
- Primary geography
- Connecticut (73% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Olcott & Lucy Smith Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 15 grants of 20 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How The Olcott & Lucy Smith Foundation Inc gives
- Giving grew 569% from 2021 to 2024. Method
- In 2024 it paid out well above 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 2024, annual grant giving ranged from $28K (2023) to $545K (2024). In 2024 it made 4 grants totaling $545K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 4 grants to individuals Recipients not named | — | $545,454 |
Ready to take the next step with The Olcott & Lucy Smith Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $275,126 | $552,902 | $545,454 | 4 | $545,454 | $267,199 | $10,656 |
| 2023 | $320,761 | $6,766 | $35,649 | $28,316 | 4 | $28,316 | $3,441 | $27,289 |
| 2022 | $349,348 | $56,201 | $40,671 | $33,356 | 4 | $33,356 | $46,409 | $28,300 |
| 2021 | $335,733 | $24,484 | $89,823 | $81,478 | 4 | $81,478 | $15,382 | $31,080 |
| 2020 | $401,460 | $5,502 | $37,561 | $30,000 | 4 | — | $2,059 | $29,870 |
Under IRS private-foundation payout rules, The Olcott & Lucy Smith Foundation Inc reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Olcott & Lucy Smith Foundation Inc is led by Damon Smith, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Damon Smith
President
On filings since 2020
1 hr/week
No compensation reported
O. Whitman Smith
Vice President
On filings since 2020
1 hr/week
No compensation reported
Tyler Smith
Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Wendy M. Brainerd
Vice President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Olcott & Lucy Smith Foundation Inc
How much does The Olcott & Lucy Smith Foundation Inc give each year?
The Olcott & Lucy Smith Foundation Inc gave $545K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $28K across 4 grants.
What is The Olcott & Lucy Smith Foundation Inc's typical grant size?
The Olcott & Lucy Smith Foundation Inc's median grant in 2024 was $140,127, and its average grant was $136,364, across 4 grants on its 2024 IRS Form 990-PF.
Where does The Olcott & Lucy Smith Foundation Inc give grants?
The Olcott & Lucy Smith Foundation Inc gives mostly in Connecticut: 73% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Vermont (27%).
Does The Olcott & Lucy Smith Foundation Inc give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on The Olcott & Lucy Smith Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "List Available Upon Request" (4 grants).
How much is The Olcott & Lucy Smith Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Olcott & Lucy Smith Foundation Inc reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Olcott & Lucy Smith Foundation Inc's EIN?
The Olcott & Lucy Smith Foundation Inc's EIN (Employer Identification Number) is 06-6064116. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 19, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 27, 2025)
- IRS filings on file for fiscal years 2020–2024
Other open foundation grants in Connecticut
Connecticut Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Olcott & Lucy Smith Foundation Inc's focus areas in our free grants database
Similar Funders
Similar funders in Connecticut
Americares Foundation Inc
Stamford, CT
Americares funds health care organizations and programs focused on disaster preparedness and recovery, access to medicines and medical supplies, and community health services. In 2025, its grants ranged from $5,073 to $3.86 million, with a median of about $58,700; it works in the United States and internationally, reaching an average of 80 countries each year. The profile does not state whether it accepts unsolicited requests.
Assets
$372.5M
Grants
635
Total Given
$113.3M
American Savings Foundation Inc
New Britain, CT
The foundation funds education, human services, and arts and culture, especially programs serving children, youth, and families, with a primary focus on New Britain and Waterbury and grants across 64 Connecticut towns. In 2025, its grants ranged from $238 to $150,000, with a median of $1,750; it also offers Community Grants of up to $5,000.
Assets
$107.0M
Grants
613
Total Given
$3.4M
Hartford Foundation for Public Giving
Hartford, CT
The Greater Hartford Gives Foundation funds nonprofits, agencies, and scholarships, with priorities including equity, social and economic mobility, community wellbeing, civic engagement, and arts and culture. Its 2024 itemized grants had a median of about $21,600, with awards ranging from about $5,000 to $2.48 million, and it primarily serves 29 towns in Greater Hartford. It offers annual, priority-aligned grant opportunities; the profile does not state whether it accepts unsolicited requests.
Assets
$1.2B
Grants
613
Total Given
$52.0M
Eversource Energy Foundation Inc
Hartford, CT
The Eversource Energy Foundation funds U.S. 501(c)(3) nonprofits working on basic needs, education, environmental stewardship, community engagement, and economic or workforce development. It gives in Eversource’s service territory in Connecticut, Massachusetts, and New Hampshire; its 2024 median grant was $2,000, though awards ranged from $250 to $700,000.
Assets
$12.5M
Grants
606
Total Given
$6.2M
The Community Foundation for Greater New Haven
New Haven, CT
The Community Foundation for Greater New Haven supports nonprofits working in civic vitality, arts and culture, health, and education across its 20-town Greater New Haven service area. Its 2024 grants had a median of $15,000, though amounts varied widely; it offers competitive, online application-based programs, but whether it accepts unsolicited requests is not stated.
Assets
$627.4M
Grants
505
Total Given
$23.4M
Fairfield County's Community Foundation Inc
Norwalk, CT
Fairfield County’s Community Foundation funds local nonprofits addressing education and careers, economic security, health equity, housing, civic engagement, and related community needs in Fairfield County, Connecticut. Awards vary widely: capacity-building grants are up to $10,000, Community Impact Grants are $10,000–$15,000, and reported 2025 grants had a median of $24,080. It accepts unsolicited applications for some programs, including rolling capacity-building and small-grant opportunities; Strategic Partner Grants are invitation-only.
Assets
$291.4M
Grants
448
Total Given
$25.7M
More similar funders
More Funders in Connecticut
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from The Olcott & Lucy Smith Foundation Inc'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 Olcott & Lucy Smith Foundation Inc down — hundreds of funders to go?