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Ian And Margaret Smith Family Foundation Inc. is a private corporation based in PENNINGTON, NJ. The foundation received its IRS ruling in 2002. The principal officer is Merrill Lynch Trust Company. It holds total assets of $1.7M. Annual income is reported at $765K. Total assets have grown from $1.2M in 2011 to $1.7M in 2024. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2024. According to available records, Ian And Margaret Smith Family Foundation Inc. has made 4 grants totaling $239K, with a median grant of $54K. The foundation has distributed between $64K and $100K annually from 2020 to 2022. Grantmaking activity was highest in 2021 with $100K distributed across 1 grants. Individual grants have ranged from $32K to $100K, with an average award of $60K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Ian And Margaret Smith Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in NY.
Ian And Margaret Smith Family Foundation Inc. has distributed a total of $239K across 4 grants. The median grant size is $54K, with an average of $60K. Individual grants have ranged from $32K to $100K.
Ian And Margaret Smith Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Ian And Margaret Smith Family Foundation Inc. is headquartered in PENNINGTON, NJ.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Margaret Smith | VP/SECRETARY AS NEEDED | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$1.7M
Fair Market Value
N/A
Net Worth
$1.7M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
4
Total Giving
$239K
Average Grant
$60K
Median Grant
$54K
Unique Recipients
2
Most Common Grant
$32K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Weill Cornell MedicineSUPPORT M & I SMITH | New York, NY | $32K | 2022 |
| The Carter Burden NetworkUNRESTRICTED GENERAL | New York, NY | $100K | 2021 |