Jane & Bud Smith Family Foundation Inc

Overview

The Jane & Bud Smith Family Foundation Inc. is a private non-profit foundation based in Dallas, TX, USA. It was established in the year 2005 and operates under the category of Philanthropy, Voluntarism, and Grantmaking Foundations as designated by the National Taxonomy of Exempt Entities (NTEE).

Financial Information

As of the fiscal year ending December 2023, the foundation reported the following financial details:

• Total Revenue: $20
  • The primary source of revenue was from interest income, amounting to 100% of total revenue.
• Total Expenses: $6,130 (approximately)
  • Charitable disbursements constituted about 91.5% of the total expenses.
• Total Assets: Approximately $257,552
• Total Liabilities: $0

In the fiscal year ending December 2022, the foundation's revenue was $25, derived mainly from investment income.

Grants and Donations

The Jane & Bud Smith Family Foundation has provided grants to various organizations, focusing on general operations support. Notable grantees include:

• Goodman Institute for Public Policy Research: Received $1,000 for general operations in 2022.
• Eagle Forum: Received $100 for general operation purposes in 2022.
• Dallas Arboretum: Has been supported by the foundation, although specific grant details for this organization are not specified in available reports.

In 2023, the foundation disbursed a total of $3,980 in grants.

Governance and Compensation

Key personnel include:

• Jane M. Smith, serving as President, with no reported compensation.
• Karen Smith Evans and Lori Smith Love serve as Vice Presidents, also with no compensation reported.

The foundation does not provide officer compensation, and any officer-specific expenses may be included within charitable disbursements.

Tax Status

Donations to the Jane & Bud Smith Family Foundation are tax deductible, as it is recognized as a 501(c)(3) organization.

Mission and Activities

The foundation has not provided a publicly available mission statement. However, it is primarily involved in charitable activities and grantmaking to support the general operations of non-profit organizations.

[1] https://projects.propublica.org/nonprofits/organizations/752681816 [2] https://www.causeiq.com/organizations/jane-and-bud-smith-family-foundation,752681816/ [3] https://fconline.foundationcenter.org/fdo-grantmaker-profile?key=SMIT385 [4] https://www.instrumentl.com/990-report/jane-and-bud-smith-family-foundation-inc [5] https://www.guidestar.org/profile/75-2681816