Smart Family Fund
- Assets
- $20.1m
- Revenue
- $4.0m
- Investments
- $19.1m
- Employees
- 0
- Location
- Lisle, IL
- Founding
- 07/2016
- Data as of
- 12/2021
- EIN
- 81-2297831
Organization Overview
Smart Family Fund is located in Lisle, IL. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Smart Family Fund 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 12/2021, Smart Family Fund generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Smart Family Fund has awarded 70 individual grants totaling $2,670,500. 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 |
|---|---|---|---|
David Archibald Smart President And Director | 5 | $47,000 | |
Roland M Smart Vp/treasurer And Director | 5 | $47,000 | |
Jesse Safir Vp/secretary And Director | 3 | $26,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First Manhattan | 12/30/21 | $87,603 |
Ruane Cunniff & Goldfarb Inc | 12/30/21 | $183,822 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $874,000 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,165,617 |
| Capital Gain Net Income | $3,165,617 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,039,617 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $204,345 |
| Depreciation | $0 |
| Occupancy | $3,600 |
| Travel, conferences, and meetings | $773 |
| Printing and publications | $0 |
| Other expenses | $10,886 |
| Total operating and administrative expenses | $640,847 |
| Contributions, gifts, grants paid | $1,370,500 |
| Total expenses and disbursements | $2,011,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,966 |
| Savings and temporary cash investments | $863,222 |
| 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 | $20,060,458 |
| 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 | $1,384 |
| Total liabilities | $1,384 |
Grants Awarded
Over the last fiscal year, Smart Family Fund has awarded $1,370,500 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
Westport, CT PURPOSE: HORIZONS NATIONAL SUPPORT | $200,000 |
San Francisco, CA PURPOSE: INITIAL FUNDING REQUEST | $100,000 |
VOTINGWORKS PURPOSE: CAPACITY BUILDING | $100,000 |
New York, NY PURPOSE: LETS GET READY GENERAL SUPPORT | $85,000 |
KICKSTART INTERNATIONAL INC PURPOSE: KICKSTART GENERAL SUPPORT | $69,500 |
Bronx, NY PURPOSE: PER SCHOLAS ONGOING GRANT | $60,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Smart Family Fund has recieved totaling $26,185,402.
| Awarding Organization | Amount |
|---|---|
The Smart Family Foundation Inc New Rochelle, NY PURPOSE: EXCLUSIVELY RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501( C )(3) OF THE INTERNAL REVENUE CODE | $26,185,402 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Motorola Solutions Foundation Chicago, IL | $427,877 | $12,200,078 |
The Walsh Foundation Chicago, IL | $179,756,510 | $18,008,076 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |
Saul Zaentz Charitable Foundation Glenview, IL | $31,204,978 | $8,995,660 |
The John And Kathleen Schreiber Foundation Lake Forest, IL | $89,899,268 | $85,376,815 |