Smith Richardson Foundation Inc
- Assets
- $606.7m
- Revenue
- $88.6m
- Investments
- $605.1m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 05/1948
- Data as of
- 12/2021
- 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 644 individual grants totaling $56,184,986. 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 | $660,361 | |
Dr Marin Strmecki Senior Vp, Director Of Programs | 50 | $624,797 | |
Allan Song Sr Program Officer | 37.5 | $240,671 | |
Mark Steinmeyer Sr Program Officer | 37.5 | $240,645 | |
Christopher Griffin Sr Program Officer | 37.5 | $194,888 | |
Ross Hemphill Senior Vp, Cfo, Investment Cmt | 47 | $169,867 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
H Smith Richardson Testamentary Trust | 12/30/21 | $114,717 |
Korn Ferry Hay Group | 12/30/21 | $81,872 |
Intelligent Technologies Inc | 12/30/21 | $128,060 |
Rsm Us Llp | 12/30/21 | $109,160 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,409,000 |
| Interest on Savings | $1,131 |
| Dividends & Interest | $7,267,806 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,242,481 |
| Capital Gain Net Income | $57,198,322 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,668,795 |
| Total Revenue | $88,589,213 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,743,720 |
| Other employee salaries and wages | $1,191,237 |
| Pension plans, employee benefits | $1,585,488 |
| Interest | $545 |
| Taxes | $1,566,364 |
| Depreciation | $68,857 |
| Occupancy | $34,162 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,439 |
| Other expenses | $478,812 |
| Total operating and administrative expenses | $7,168,459 |
| Contributions, gifts, grants paid | $18,663,122 |
| Total expenses and disbursements | $25,831,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $437,408 |
| Savings and temporary cash investments | $764,877 |
| 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 | $278,810 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $605,066,206 |
| Net Land, buildings, and equipment | $122,141 |
| Other assets | $25,462 |
| Total assets | $606,694,904 |
| Accounts payable and accrued expenses | $17,434,378 |
| Grants payable | $6,928,007 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,686,098 |
| Total liabilities | $27,048,483 |
Grants Awarded
Over the last fiscal year, Smith Richardson Foundation Inc has awarded $26,347,071 in support to 290 organizations.
| Grant Recipient | Amount |
|---|---|
Greensboro, NC PURPOSE: GENERAL OPERATING SUPPORT | $2,000,000 |
STANFORD UNIVERSITY PURPOSE: GENERAL OPERATING SUPPORT | $427,852 |
STANFORD UNIVERSITY PURPOSE: GENERAL OPERATING SUPPORT | $404,355 |
Washington, DC PURPOSE: GENERAL OPERATING SUPPORT | $400,000 |
Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $400,000 |
BROWN UNIVERSITY PURPOSE: GENERAL OPERATING SUPPORT | $350,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Smith Richardson Foundation Inc has recieved totaling $2,409,000.
| Awarding Organization | Amount |
|---|---|
H Smith Richardson Charitable Trust Greensboro, NC PURPOSE: FLOW THROUGH GRANT - FOR CHARITABLE, SCIENTIFIC, LITERARY, EDUCATIONAL PURPOSES OR RELIGIOUS NEEDS. | $2,409,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Distribution Cooperative Inc Mcdonough, GA | $32,404,421 | $108,129,645 |
The Coca-Cola Foundation Inc Atlanta, GA | $328,454,102 | $178,366,620 |
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |