Robert and Mary Jane Smith Foundation

Overview

The Robert and Mary Jane Smith Foundation is a private independent foundation located in the United States. Established in 2017, it focuses on supporting nonprofit institutions across the country. The foundation prioritizes areas such as the development and education of young people, medical institutions and research, cultural and faith-based organizations, and humanitarian efforts[2][3].

Mission and Activities

The foundation's mission is to foster the support and growth of smaller nonprofit organizations, with a particular emphasis on education, medical research, cultural enrichment, and humanitarian causes[3]. In 2023, it reported revenue of $3.37 million and expenses of $1.24 million, maintaining total assets of $22.7 million with no liabilities recorded[1]. The foundation also distributed $1,210,000 in grants during 2023[4].

Governance

The key figures in the foundation include Robert A. Smith as President and Mary Jane Smith as Secretary. Other notable members are Steven Smith (Treasurer), Terri Lynn Busse (Director), and Shelley Derstadt (Director)[1]. The foundation does not compensate its directors and officers for their roles, but some may receive other forms of compensation or reimbursements[1].

Founders

Robert A. Smith began his career in the medical industry in 1965 and has served as Chairman and CEO of Wy’East Medical Corporation in Clackamas, Oregon. He has also been involved in local community service, including roles at the Providence Milwaukie Hospital Foundation Board and as President of the Milwaukie Rotary Club[3]. Mary Jane Smith has a background in finance and volunteer work, notably with Providence Milwaukie Hospital and the Festival of Trees in Portland, Oregon. She is also a graduate of Multnomah College and a member of the service-oriented sorority Beta Sigma Phi[3]. Both Robert and Mary Jane have three children: Terri, Steven, and Shelley.

Grants and Awards

The foundation awards grants to various organizations. For instance, in 2022, it made 33 awards to recipients, reflecting its ongoing commitment to supporting diverse nonprofit projects[4]. The number of awards has varied over the years, but the foundation consistently allocates significant resources to its chosen causes.

Financial Overview

As of 2023, the Robert and Mary Jane Smith Foundation reported a substantial financial base, with significant assets and no liabilities. This fiscal strength allows it to continue supporting a wide array of nonprofit initiatives across the United States.