Smith Richardson Foundation Inc
- Assets
- $517.8m
- Revenue
- -$54.4m
- Investments
- $515.9m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 05/1948
- Data as of
- 12/2022
- EIN
- 56-0611550
Organization Overview
Smith Richardson Foundation Inc is located in Greensboro, NC. The organization was established in 1948. 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. Smith Richardson Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Smith Richardson Foundation Inc has awarded 999 individual grants totaling $92,985,365. 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 |
|---|---|---|---|
Pl Richardson Chairman Of The Trustees, President | 50 | $689,946 | |
194374 Shown In Col D Was Not N/a | 0 | $0 | |
Mr Richardson's Supplemental N/a | 0 | $0 | |
Dr Marin Strmecki Senior Vp, Director Of Programs | 50 | $647,347 | |
Karla Frank Assistant Secretary | 40 | $178,738 | |
Ross Hemphill Senior Vp, Cfo, Investment Cmt | 47 | $175,992 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
H Smith Richardson Testamentary Trust | 12/30/22 | $116,374 |
Korn Ferry Hay Group | 12/30/22 | $70,380 |
Rsm Us Llp | 12/30/22 | $110,026 |
Intelligent Technologies Inc | 12/30/22 | $69,303 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,114,000 |
| Interest on Savings | $4,251 |
| Dividends & Interest | $8,435,796 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,119,416 |
| Capital Gain Net Income | $8,120,687 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$74,047,856 |
| Total Revenue | -$54,374,393 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,937,143 |
| Other employee salaries and wages | $1,183,816 |
| Pension plans, employee benefits | $350,762 |
| Interest | $0 |
| Taxes | $358,753 |
| Depreciation | $51,922 |
| Occupancy | $35,307 |
| Travel, conferences, and meetings | $60,883 |
| Printing and publications | $550 |
| Other expenses | $557,636 |
| Total operating and administrative expenses | $4,968,231 |
| Contributions, gifts, grants paid | $30,159,250 |
| Total expenses and disbursements | $35,127,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $396,942 |
| Savings and temporary cash investments | $655,093 |
| 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 | $298,428 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $515,902,008 |
| Net Land, buildings, and equipment | $105,716 |
| Other assets | $415,831 |
| Total assets | $517,774,018 |
| Accounts payable and accrued expenses | $16,728,113 |
| Grants payable | $8,911,509 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,989,849 |
| Total liabilities | $27,629,471 |
Grants Awarded
Over the last fiscal year, Smith Richardson Foundation Inc has awarded $36,800,379 in support to 355 organizations.
| Grant Recipient | Amount |
|---|---|
A WIDER CIRCLE PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
ADULT CENTER FOR ENRICHMENT PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
AH HAA SCHOOL FOR THE ARTS PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
AMERICA ABROAD MEDIA PURPOSE: GENERAL OPERATING SUPPORT | $250,000 |
AMERICAN ACADEMY FOR STRATEGIC EDUCATION PURPOSE: GENERAL OPERATING SUPPORT | $230,000 |
AMERICA AUSTRALIA ASSOCIATIION PURPOSE: GENERAL OPERATING SUPPORT | $250,000 |