Tom C Smith Charitable Trust

HUNTINGTON, WV EIN: 55-0570334

Tom C Smith Charitable Trust is a private foundation, based in HUNTINGTON, WV. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $317K in total assets. In 2024, it awarded 1 grants totaling $40K. Net investment income was $27K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$317K

-3.8% YoY

Annual Giving

$40K

+86.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$40K

+86.1% YoY

Under IRS private-foundation payout rules, Tom C Smith Charitable Trust reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.

About Tom C Smith Charitable Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

West Virginia $91K (100%)

States

West Virginia

Cities

Huntington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$316,889	$329,501	$332,720
Revenue	$48,692	$48,872	$48,147
Expenses	$61,304	$52,091	$28,971
Qualifying Distributions	$39,872	$21,426	$13,382
Net Investment Income	$27,260	$18,738	$32,558
Distributable Amount	$16,186	$16,466	$10,448

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Various Poor & Needy of Chesapeake Oh & Huntington Wv ($39,872).

Recipient	Purpose	Amount
VARIOUS POOR & NEEDY OF CHESAPEAKE OH & HUNTINGTON WV HUNTINGTON, WV	TO HELP NEEDY	$39,872

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
FRED WOOD JR	TRUSTEE	4	—
RONNIE MAYNARD	TRUSTEE	2	—
JAMES CONN JR	TRUSTEE	2	—
HAROLD BARE	TRUSTEE	2	—
ELSON GARRETT	TRUSTEE	2	—

Frequently Asked Questions

How large is Tom C Smith Charitable Trust?

As of 2024, Tom C Smith Charitable Trust holds $317K in total assets with $49K in annual revenue. It awarded 1 grants totaling $40K in 2024.

Where does Tom C Smith Charitable Trust operate?

Tom C Smith Charitable Trust has awarded grants in West Virginia.

What size grants does Tom C Smith Charitable Trust award?

In 2024, Tom C Smith Charitable Trust awarded 1 grants totaling $40K — an average of about $40K per grant, based on its IRS Form 990 filings.

How much is Tom C Smith Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Tom C Smith Charitable Trust reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.