The Thomas M and Carol F Smith Family Foundation
The Thomas M and Carol F Smith Family Foundation is a private foundation, based in Boise, ID. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $308K in total assets. In 2025, it awarded 8 grants totaling $16K. Net investment income was $75.
Key facts about The Thomas M and Carol F Smith Family Foundation
In short: The Thomas M and Carol F Smith Family Foundation gave $16K across 8 grants in 2025 (avg $2K), mostly in Idaho. Source: 2025 IRS Form 990-PF.
- EIN
- 82-0496334
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $16,407
- Grants made (2025)
- 8
- Average grant
- $2,051
- Median grant
- $1,250
- Total assets
- $307,610
- Primary geography
- Idaho (66% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$308K
-5.0% YoY
Annual Giving
$16K
+95.3% YoY
Grant Count
8
+60.0% YoY
Avg Grant Size
$2K
+22.1% YoY
Under IRS private-foundation payout rules, The Thomas M and Carol F Smith Family Foundation reported a distributable amount of $17K for 2025 — the minimum it must pay out in qualifying distributions.
How The Thomas M and Carol F Smith Family Foundation gives
- Giving grew 63% from 2022 to 2025. Method
- In 2025 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $8K (2024) to $20K (2019). In 2025 it made 8 grants totaling $16K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Gorongosa National Park Mozambique ($6K). Together the top 8 received $16K.
Grant Size Distribution
35 grants across all recorded years
The most common grant size was under $50K: 35 grants of 35 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Gorongosa National Park Mozambique Stamford, CT | Conservation | $5,500 |
| Idaho Youth Ranch Boise, ID | Humanitarian | $5,000 |
| Richard Sabala Foundation McCall, ID | Education and Welfare of McCalldonnelly Children | $2,081 |
| Learning Lab Boise, ID | Education & Literacy | $1,500 |
| Boise State University Boise, ID | Education | $1,000 |
| The Cabin Boise, ID | Education & Literacy | $805 |
| First Tee Idaho Boise, ID | Education | $271 |
| Special Olympics Idaho New Plymouth, ID | Education & Athletics for Special Needs | $250 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $307,610 | $323,942 | $185,416 |
| Revenue | $11,240 | $155,418 | $3,557 |
| Expenses | $27,572 | $16,892 | $20,830 |
| Qualifying Distributions | $16,407 | $8,400 | $8,705 |
| Net Investment Income | $75 | $146,076 | — |
| Distributable Amount | $16,958 | $14,221 | $14,567 |
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 March 13, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 3, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 23, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 21, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 21, 2026)
- IRS filings on file for fiscal years 2019–2025
Leadership & Key People
Officers and directors from IRS filings
The Thomas M and Carol F Smith Family Foundation is led by Denise C. Smith, President since 2023 (on filings since 2019); 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
Denise C. Smith
President
Secretarytresurer → President, 2023
On filings since 2019
5 hrs/week
$10K (2019) → $5K (2025)
Mark T. Smith
Vice President
On filings since 2019
1 hr/week
No compensation reported
Bryan L. Palfreyman
Secretarytreasurer
On filings since 2024
1 hr/week
No compensation reported
Former officers (2)
- Former: David L. Palfreyman (2019–2023) — Director
- Former: Carol F. Smith (2019–2022) — President
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $5K, to Denise C Smith (President).
Frequently asked questions about The Thomas M and Carol F Smith Family Foundation
How much does The Thomas M and Carol F Smith Family Foundation give each year?
The Thomas M and Carol F Smith Family Foundation gave $16K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $8K across 5 grants.
What is The Thomas M and Carol F Smith Family Foundation's typical grant size?
The Thomas M and Carol F Smith Family Foundation's median grant in 2025 was $1,250, and its average grant was $2,051, across 8 grants on its 2025 IRS Form 990-PF.
Where does The Thomas M and Carol F Smith Family Foundation give grants?
The Thomas M and Carol F Smith Family Foundation gives mostly in Idaho: 66% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Connecticut (34%). The most frequent recipient cities were Boise, ID (5 grants).
Does The Thomas M and Carol F Smith Family Foundation give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on The Thomas M and Carol F Smith Family Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are The Thomas M and Carol F Smith Family Foundation's largest grantees?
The Thomas M and Carol F Smith Family Foundation's largest 2025 grantees include Gorongosa National Park Mozambique ($5,500), Idaho Youth Ranch ($5,000) and Richard Sabala Foundation ($2,081), according to its 2025 IRS Form 990-PF. Together they received 77% of its itemized 2025 grant dollars.
How large is The Thomas M and Carol F Smith Family Foundation?
The Thomas M and Carol F Smith Family Foundation reported $308K in total assets on its 2025 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $17K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Thomas M and Carol F Smith Family Foundation's EIN?
The Thomas M and Carol F Smith Family Foundation's EIN (Employer Identification Number) is 82-0496334. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The Thomas M and Carol F Smith Family Foundation by hand.
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