FRANKLIN, TN

Ray And Wilma Smith Scholarship Foundation

Also known as: FOUNDATION

Quick Facts

EIN: 621868449
Location: FRANKLIN, TN
Phone: (731) 686-5026
Category: Education
Total Assets: $77K
Annual Income: $3K
IRS Ruling Year: 2003
Organization Type: Non-Operating Foundation
Principal Officer: % First Bank Trust Department
Tax Deductibility: Contributions are deductible

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About This Foundation

Ray And Wilma Smith Scholarship Foundation is a private trust based in FRANKLIN, TN. The foundation received its IRS ruling in 2003. The principal officer is % First Bank Trust Department. It holds total assets of $77K. Annual income is reported at $3K. SCHOLARSHIP TO JOSEPH TROY MOORE. According to available records, Ray And Wilma Smith Scholarship Foundation has made 5 grants totaling $22K, with a median grant of $4K. The foundation has distributed between $4K and $8K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $8K distributed across 2 grants. Individual grants have ranged from $4K to $5K, with an average award of $4K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Tennessee. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Programs & Activities

SCHOLARSHIP TO KRISTA NOBLE

Expenses: $5K

Frequently Asked Questions

What does Ray And Wilma Smith Scholarship Foundation fund?

SCHOLARSHIP TO JOSEPH TROY MOORE. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in TN.

How much does Ray And Wilma Smith Scholarship Foundation give in grants?

Ray And Wilma Smith Scholarship Foundation has distributed a total of $22K across 5 grants. The median grant size is $4K, with an average of $4K. Individual grants have ranged from $4K to $5K.

How do I apply for a grant from Ray And Wilma Smith Scholarship Foundation?

Ray And Wilma Smith Scholarship Foundation typically selects its grantees rather than accepting unsolicited proposals.

Where is Ray And Wilma Smith Scholarship Foundation located?

Ray And Wilma Smith Scholarship Foundation is headquartered in FRANKLIN, TN.

Key People & Compensation (2023)

Name	Title	Compensation	Benefits	Total
First Bank Trust Department	TRUSTEE	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$4K

2023+1%

Total Assets

$79K

2023-5%

Fair Market Value

$79K

2023

Net Worth

$79K

2023

Grants Paid

$4K

2023

Contributions

2023

Net Investment Income

$296

2023

Distribution Amount

$4K

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Expense Breakdown (2023)

Revenue Sources (2023)

Interest: $289
Dividends: $7

Financial Details (2023)

Total Revenue: $296
Total Expenses: $4K
Exempt Purpose Expenses: $4K
Required Distribution: $4K
Undistributed Income: $4K
Total Liabilities: $1
Excise Tax: $4
Tax Due: $4

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$22K

Average Grant

$4K

Median Grant

$4K

Unique Recipients

Most Common Grant

$4K

Grant Disbursements by Year

Grant Range

Min$4K

Max$5K

Median: $4K

Smallest grantLargest grant

Openness to New Grantees (2023)

of 2023 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

TN$22K (5)

Past Grantees

Recipient	Location	Amount	Year
Grace BartholomewEDUCATION	Westport, TN	$4K	2023
Joseph Troy MooreEDUCATION	Westport, TN	$4K	2022
Emily ReevesEDUCATION	Huntingdon, TN	$4K	2021
Krista NobleEDUCATION	Huntingdon, TN	$5K	2020