Lon V Smith Foundation
- Assets
- $24.7m
- Revenue
- $3.5m
- Investments
- $24.6m
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 08/1955
- Data as of
- 12/2021
- EIN
- 95-6045384
Organization Overview
Lon V Smith Foundation is located in Beverly Hills, CA. The organization was established in 1955. 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. Lon V Smith 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, Lon V Smith Foundation generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lon V Smith Foundation has awarded 934 individual grants totaling $11,420,098. 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 |
|---|---|---|---|
Louise Offit Secretary-Treasurer | 24 | $69,000 | |
Michael Lahn President | 12 | $37,867 | |
Stefan A Kantardjieff Chairman Emeritus | 1 | $26,000 | |
Stephen A Rados Vice-Pres. | 2 | $9,000 | |
Lawrence S Clark Vice-Pres. | 2 | $9,000 | |
Kirk Wilkinson Vice-Pres. | 2 | $5,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22 |
| Dividends & Interest | $657,458 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,618,345 |
| Capital Gain Net Income | $2,618,345 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $272,533 |
| Total Revenue | $3,548,358 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $158,067 |
| Other employee salaries and wages | $12,638 |
| Pension plans, employee benefits | $0 |
| Interest | $387 |
| Taxes | $79,843 |
| Depreciation | $0 |
| Occupancy | $65,532 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $59,093 |
| Total operating and administrative expenses | $397,837 |
| Contributions, gifts, grants paid | $1,593,000 |
| Total expenses and disbursements | $1,990,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$28,243 |
| Savings and temporary cash investments | $38,626 |
| 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 | $24,629,370 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $23,506 |
| Total assets | $24,663,259 |
| 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, Lon V Smith Foundation has awarded $1,593,000 in support to 118 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY PURPOSE: TORNADO RELIEF | $55,000 |
UNITED WAY OF GREATER LOS ANGELES PURPOSE: UNRESTRICTED | $40,000 |
THE SALVATION ARMY PURPOSE: TORNADO RELIEF | $40,000 |
Los Angeles, CA PURPOSE: UNRESTRICTED | $35,000 |
WOUNDED WARRIOR PROJECT PURPOSE: UNRESTRICTED | $30,000 |
Venice, CA PURPOSE: UNRESTRICTED | $25,000 |
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 |