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Smartbank Foundaiton is a private corporation based in CHATTANOOGA, TN. The foundation received its IRS ruling in 2009. The principal officer is Frank Hughes President. It holds total assets of $198K. Annual income is reported at $29K. Total assets have decreased from $362K in 2011 to $224K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Tennessee and Georgia. According to available records, Smartbank Foundaiton has made 16 grants totaling $175K, with a median grant of $10K. The foundation has distributed between $25K and $50K annually from 2020 to 2023. Individual grants have ranged from $5K to $25K, with an average award of $11K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in Tennessee and Alabama and Georgia. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$10K
Average Grant
$13K
Largest Grant
$25K
Based on 4 grants from the most recent 990-PF filing.
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.
Smartbank Foundaiton primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in TN, AL, GA.
Smartbank Foundaiton has distributed a total of $175K across 16 grants. The median grant size is $10K, with an average of $11K. Individual grants have ranged from $5K to $25K.
Smartbank Foundaiton is a private foundation. To inquire about grants, you can look up the foundation using their EIN (208115548) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Smartbank Foundaiton is headquartered in CHATTANOOGA, TN. While based in TN, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Miller Welborn | Secretary | $0 | $0 | N/A |
| Billy Carroll | President | $0 | $0 | N/A |
| Bill Carroll | Treasurer | $0 | $0 | N/A |
Total Giving
$53K
Total Assets
$224K
Fair Market Value
$298K
Net Worth
$224K
Grants Paid
$50K
Contributions
N/A
Net Investment Income
$15K
Distribution Amount
$15K
Total: $210K
Total Grants
16
Total Giving
$175K
Average Grant
$11K
Median Grant
$10K
Unique Recipients
8
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of TennesseeTO ESTABLISH THE SEVIER COUNTY HIGH SCHOOL UT KNOXVILLE TRI-STAR SCHOLARSHIP ENDOWMENT TO SUPPORT THE UTK OFFICE OF FINANCIAL AID AND SCHOLARSHIPS. THIS SCHOLARSHIP ENDOWMENT WILL HELP ADVANCE UT'S COMMITMENT TO PROVIDE IN-STATE STUDENTS WITH AN AFFORDABLE, HIGH-QUALITY EDUCATION. SMARTBANK'S RECENT GIFT SPECIFICALLY BENEFITS STUDENTS FROM SEVIER COUNTY HIGH SCHOOL TO ATTEND THE UNIVERSITY AND ADVANCES UT'S AIM TO ESTABLISH A TRI-STAR SCHOLARSHIP AT EVERY TENNESSEE HIGH SCHOOL. | Knoxville, TN | $25K | 2023 |
| Saban Center Foundation$100,000 CONTRIBUTION OVER 5 YEARS TO THE SABAN CENTER WHOSE MISSION IS TO PROVIDE AN ENVIRONMENT THAT ENCOURAGES LEARNING, CREATIVITY, AND TEAMWORK. THE SABAN CENTER IS A STEAM CAMPUS WHERE EDUCATION, EXPERIENCE, AND INNOVATION MEET. SABAN CENTER WILL BE AN INNOVATIVE HUB FOR EDUCATION TRAINING, ARTS PARTICIPATION AND ACADEMIC SUPPORT FOR TEACHERS AND FAMILIES ALIKE FOR LOCAL AND REGIONAL SCHOOL DISTRICTS TO INSPIRE CHILDREN TO ENTER A VARIETY OF STEAM-RELATED FIELDS. | Tuscaloosa, AL | $20K | 2023 |
| Sevier County Partners In Progress Education FoundationDONATION TO THE PARTNERS IN PROGRESS BENEFITING THE SEVIER COUNTY PARTNERS IN PROGRESS EDUCATION FOUNDATION. THE FOUNDATION AWARDS SCHOLARSHIPS FOR STUDENTS TO TAKE DUAL ENROLLMENT CLASSES AT WALTERS STATE COMMUNITY COLLEGE WHILE ATTENDING ONE OF THE SEVIER COUNTY HIGH SCHOOLS. ONCE THEY HAVE GRADUATED AND HAVE SUCCESSFULLY COMPLETED 60 HOURS AT WSCC, THEY ARE ELIGIBLE TO RECEIVE UP TO $3,000 PER SEMESTER FOR 4 SEMESTERS TO ENABLE THEM TO OBTAIN A 4-YEAR DEGREE FROM ETSU IN SEVIERVILLE. | Seveirville, TN | $5K | 2023 |
| Sevier County High School FoundationTo help SCHS buy a piece of property for the school | Sevierville, TN | $10K | 2022 |
| Purpose Point Learning AcademyTo help develop positive learning skills and values that enhance the growth and development of children for the present and future generations. | Chattanooga, TN | $10K | 2022 |
| River City CompanyTo help with the Miller Park Redevelopment efforts in Downtown Chattanooga. | Chattanooga, TN | $10K | 2021 |
| Mountain Hope Good Shephard ClinicFunding contribution for Building | Sevierville, TN | $25K | 2020 |
| Top Of Georgia Economic DevelopmentPledge for the economic development initiative to promote service area. | Rock Spring, GA | $10K | 2020 |
UNION CITY, TN
CHATTANOOGA, TN
NASHVILLE, TN