Up in Smoke Foundation

Private foundation · Grantmaker Naples, FL EIN: 85-4092652

Up in Smoke Foundation is a private foundation, based in Naples, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.1M in total assets. In 2024, it awarded 4 grants totaling $1.6M. Net investment income was $649K.

Key facts about Up in Smoke Foundation

In short: Up in Smoke Foundation gave $1.6M across 4 grants in 2024 (avg $397K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.

EIN
85-4092652
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$1,586,263
Grants made (2024)
4
Average grant
$396,566
Median grant
$278,132
Total assets
$12,086,926
Primary geography
Minnesota (95% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$12.1M

+6.8% YoY

Annual Giving

$1.6M

+139.1% YoY

Grant Count

4

+0.0% YoY

Avg Grant Size

$397K

+139.1% YoY

Under IRS private-foundation payout rules, Up in Smoke Foundation reported a distributable amount of $570K for 2024 — the minimum it must pay out in qualifying distributions.

How Up in Smoke Foundation gives

  • Giving grew 754% from 2021 to 2024. Method
  • In 2024 it paid out 278% of its IRS minimum distribution (the 5% rule). 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

11states

Share of 2024 grant dollars across all 4 itemized grants.

Cities

NaplesMinneapolisPortlandNotre DameSan FranciscoBaltimoreBoiseCoral GablesFort MyersInver Grove HeightsLaramieMiamiSarasotaStanfordStowTallahasseeCorte MaderaMerrifieldNovatoStaten Island

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M$2M16 grants2020 21 grants2021 5 grants2022 4 grants2023 4 grants2024

From 2020 to 2024, annual grant giving ranged from $125K (2020) to $1.6M (2024). In 2024 it made 4 grants totaling $1.6M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Friends of the 261: $1.5M across 2 grantsFriends of the 261$1.5M · 2 grantsEndurance II Atlantic Shackleton Global Foundation-Galway Ocean Sport Club: $56KEndurance II AtlanticShackleton Global…$56KThe University of Notre Dame: $30KThe University of Notre Dame$30K

The largest 2024 recipient was Friends of the 261 ($1.5M across 2 grants). Together the top 3 received $1.6M.

Grant Size Distribution

50 grants across all recorded years

42<$50K2$50–100K2$100–250K$250–500K2$500K–1M2$1–5M$5M+

The most common grant size was under $50K: 42 grants of 50 (84%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Friends of the 261 Minneapolis, MNGeneral Support$1,000,000
Friends of the 261 Minneapolis, MNGeneral Support$500,000
Endurance II Atlantic Shackleton Global Foundation-Galway Ocean Sport Club General Support$56,263
The University of Notre Dame Notre Dame, INGeneral Support$30,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2.5M$5M$7.5M$10M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$12,086,926$11,319,193$3,373,217
Revenue$2,264,191$8,520,265$-192,235
Expenses$1,825,227$698,844$1,185,038
Qualifying Distributions$1,586,263$663,333$1,152,366
Net Investment Income$649,183$85,250$46,799
Distributable Amount$569,934$453,593$194,675

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Up in Smoke Foundation is led by John J. Gray, Trustee on every filing since 2020 — the only officer listed, and uncompensated.

Officers on the 2024 filing

  • John J. Gray

    Trustee

    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 Up in Smoke Foundation

How much does Up in Smoke Foundation give each year?

Up in Smoke Foundation gave $1.6M across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $663K across 4 grants.

What is Up in Smoke Foundation's typical grant size?

Up in Smoke Foundation's median grant in 2024 was $278,132, and its average grant was $396,566, across 4 grants on its 2024 IRS Form 990-PF.

Where does Up in Smoke Foundation give grants?

Up in Smoke Foundation gives mostly in Minnesota: 95% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Minneapolis, MN (2 grants).

Does Up in Smoke Foundation give general operating support?

Yes: 100% of Up in Smoke Foundation's 2024 grants with a stated purpose (4 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.

How large is Up in Smoke Foundation?

Up in Smoke Foundation reported $12.1M in total assets on its 2024 IRS Form 990-PF. It paid out $1.6M in qualifying distributions that year, against a required minimum of $570K (roughly 5% of its investment assets).

What is Up in Smoke Foundation's EIN?

Up in Smoke Foundation's EIN (Employer Identification Number) is 85-4092652. 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.

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