Smidt Foundation
- Assets
- $297.0m
- Revenue
- $102.2m
- Investments
- $76.3m
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 04/2017
- Data as of
- 12/2021
- EIN
- 81-4631478
Organization Overview
Smidt Foundation is located in Beverly Hills, CA. The organization was established in 2017. 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. Smidt Foundation 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, Smidt Foundation generated $102.2m in total revenue. All expenses for the organization totaled $9.5m during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 5 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 2017, Smidt Foundation has awarded 525 individual grants totaling $95,462,013. 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 |
|---|---|---|---|
Jason Kupper Secretary (8/20/2021-12/31/2021) | 1 | $0 | |
Eric L Smidt Director / President | 1 | $0 | |
Allan G Mutchnik Director / Treasurer | 1 | $0 | |
Deborah S Guerra Secretary (1/1/2021-8/20/2021) | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Drucker Institute Cgu | 12/30/21 | $376,110 |
Idea Crossing Inc Dba Skild | 12/30/21 | $60,195 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $101,635,043 |
| Interest on Savings | $111,912 |
| Dividends & Interest | $487,055 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$36,160 |
| Capital Gain Net Income | $1,567,586 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $102,197,850 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,657 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,264 |
| Printing and publications | $0 |
| Other expenses | $65,076 |
| Total operating and administrative expenses | $917,574 |
| Contributions, gifts, grants paid | $8,540,963 |
| Total expenses and disbursements | $9,458,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,694,462 |
| Savings and temporary cash investments | $161,491,111 |
| 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 | $14,960 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $76,309,441 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,500,000 |
| Total assets | $297,009,974 |
| Accounts payable and accrued expenses | $56,243 |
| Grants payable | $19,102,380 |
| 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 | $19,158,623 |
Grants Awarded
Over the last fiscal year, Smidt Foundation has awarded $13,453,715 in support to 126 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: SMIDT HEART INSTITUTE | $3,000,000 |
North Hollywood, CA PURPOSE: CAPITAL CAMPAIGN | $1,200,000 |
Providence, RI PURPOSE: FELLOWS PROGRAM | $914,825 |
New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $520,000 |
Philadelphia, PA PURPOSE: ART COLLECTION AND SCHOLARSHIP FUND | $400,000 |
Los Angeles, CA PURPOSE: GENERAL OPERATING SUPPORT | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |