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Leon Polk Smith Foundation Inc. is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 2012. The principal officer is Davis & Grutman Llp. It holds total assets of $12M. Annual income is reported at $6.1M. Total assets have grown from $8.7M in 2013 to $11.5M in 2023. The foundation is governed by 4 officers and trustees. Preservation, maintenance and enhancement of the work of leon polk smith and to enhance the understanding of the creative arts during the geometric-abstraction period. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. The foundation primarily funds organizations in New York, Oregon and Minnesota. According to available records, Leon Polk Smith Foundation Inc. has made 39 grants totaling $683K, with a median grant of $15K. Annual giving has grown from $20K in 2020 to $219K in 2023. Grantmaking activity was highest in 2022 with $314K distributed across 18 grants. Individual grants have ranged from $3K to $50K, with an average award of $18K. The foundation has supported 20 unique organizations. The foundation primarily supports organizations in New York, Minnesota, Oregon, which account for 82% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$25K
Average Grant
$19K
Largest Grant
$30K
Based on 7 grants from the most recent 990-PF filing.
Preservation, maintenance and enhancement of the work of leon polk smith and to enhance the understanding of the creative arts during the geometric-abstraction period.
Expenses: $752K
Preservation, maintenance and enhancement of the work of leon polk smith and to enhance the understanding of the creative arts during the geometric-abstraction period. Based on available records, the foundation has funded 39 grants. Its grantmaking reaches organizations primarily in NY, MN, OR.
Leon Polk Smith Foundation Inc. has distributed a total of $683K across 39 grants. The median grant size is $15K, with an average of $18K. Individual grants have ranged from $3K to $50K.
Leon Polk Smith Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Leon Polk Smith Foundation Inc. is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Charlotta Kotik | TRUSTEE/Secretary | $0 | $0 | N/A |
| Carter Ratcliffe | Trustee | $0 | $0 | N/A |
| Patterson Sims | President | $0 | $0 | N/A |
| John Koegel | TREASURER/CHAIRMAN/TRUSTEE | $0 | $0 | N/A |
Total Giving
$910K
Total Assets
$11.5M
Fair Market Value
$12.5M
Net Worth
$11.5M
Grants Paid
$219K
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
$250K
Total Grants
39
Total Giving
$683K
Average Grant
$18K
Median Grant
$15K
Unique Recipients
20
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Camargo FoundationFURTHERANCE OF EXEMPT PURPOSE | St Paul, MN | $25K | 2023 |
| Lower East Side PrintshopFURTHERANCE OF EXEMPT PURPOSE | New York, NY | $50K | 2023 |
| Woodstock Byrdcliffe GuildFURTHERANCE OF EXEMPT PURPOSE | Woodstock, NY | $50K | 2023 |
| International Studio & Curatorial ProgramGRANT FOR 2024 | Brooklyn, NY | $22K | 2023 |
| ArttableFURTHERANCE OF EXEMPT PURPOSE | New York, NY | $19K | 2023 |
| First American MuseumFurtherance of Exempt Purpose | Oklahoma City, OK | $15K | 2023 |
| Southeastern Indian Artists AssociationFurtherance of Exempt Purpose | Tahlequah, OK | $15K | 2023 |
| Archives Of American ArtFURTHERANCE OF EXEMPT PURPOSE | New York, NY | $13K | 2023 |
| Foundation For Contemp ArtFURTHERANCE OF EXEMPT PURPOSE | New York, NY | $5K | 2023 |
| Madison Square ParkFurtherance of Exempt Purpose | New York, NY | $5K | 2023 |
| Independent Curators InternationalFURTHERANCE OF EXEMPT PURPOSE | New York, NY | $20K | 2022 |
| Kentler Intl Drawing SpaceFURTHERANCE OF EXEMPT PURPOSE | Brooklyn, NY | $20K | 2022 |
| Osu FoundationFURTHERANCE OF EXEMPT PURPOSE | Corvallis, OR | $15K | 2022 |
| Studio In SchoolFURTHERANCE OF EXEMPT PURPOSE | New York, NY | $10K | 2022 |
| Aamc FoundationFURTHERANCE OF EXEMPT PURPOSE | Washington, DC | $5K | 2022 |
| Native Arts & CulturesFURTHERANCE OF EXEMPT PURPOSE | Rortland, OR | $30K | 2021 |
| The Aspen InstituteFURTHERANCE OF EXEMPT PURPOSE | New York, NY | $3K | 2021 |
| Johns Hopkins CenterFURTHURANCE OF EXEMPT PURPOSE | Baltimore, MD | $5K | 2020 |
| Pueblo Relief FundFURTHERANCE OF EXEMPT PURPOSE | Albuquerque, NM | $5K | 2020 |
| First Nations Development FundFURTHERANCE OF EXEMPT PURPOSE | Longmont, CO | $5K | 2020 |