George D Smith Fund Inc
- Assets
- $55.5m
- Revenue
- $2.5m
- Investments
- $51.1m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/1958
- Data as of
- 12/2022
- EIN
- 13-6138728
Organization Overview
George D Smith Fund Inc is located in Chicago, IL. The organization was established in 1958. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George D Smith Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, George D Smith Fund Inc generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, George D Smith Fund Inc has awarded 36 individual grants totaling $12,715,900. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
B Smith-Donald President | 1 | $0 | |
George D Smith III Vice President | 1 | $0 | |
A Smith Vice President | 1 | $0 | |
Gb Smith Treasurer | 1 | $0 | |
Sarah A Smith Secretary | 1 | $0 | |
Camilla M Smith Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,223,302 |
| Dividends & Interest | $842,051 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $392,767 |
| Capital Gain Net Income | $392,767 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,458,120 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $73,675 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $235,288 |
| Total operating and administrative expenses | $323,833 |
| Contributions, gifts, grants paid | $4,315,100 |
| Total expenses and disbursements | $4,638,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,384,725 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $55,509,779 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, George D Smith Fund Inc has awarded $4,315,100 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN PUBLIC MEDIA PURPOSE: GENERAL BUDGET | $10,000 |
DOCTORS WITHOUT BORDERS USA PURPOSE: GENERAL BUDGET | $250,000 |
FIDELITY INVESTMENTS CHARITABLE GIFT FUND PURPOSE: GENERAL BUDGET | $5,000 |
FIRST CONGREGATIONAL UNITED CHURCH PURPOSE: GENERAL BUDGET | $100 |
GBH EDUCATIONAL FOUNDATION PURPOSE: GENERAL BUDGET | $300,000 |
KQED PURPOSE: GENERAL BUDGET | $250,000 |