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Smith & Waldrop Foundation is a private corporation based in PICAYUNE, MS. The foundation received its IRS ruling in 2002. The principal officer is Lonnie Smith. It holds total assets of $1.3M. Annual income is reported at $489K. The foundation is governed by 3 officers and trustees. 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 2020 to 2024. According to available records, Smith & Waldrop Foundation has made 8 grants totaling $891K, with a median grant of $104K. Annual giving has grown from $182K in 2020 to $423K in 2022. Individual grants have ranged from $46K to $214K, with an average award of $111K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Mississippi. 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.
Smith & Waldrop Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in MS.
Smith & Waldrop Foundation has distributed a total of $891K across 8 grants. The median grant size is $104K, with an average of $111K. Individual grants have ranged from $46K to $214K.
Smith & Waldrop Foundation typically selects its grantees rather than accepting unsolicited proposals.
Smith & Waldrop Foundation is headquartered in PICAYUNE, MS.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joseph C Stewart | Vice President | $0 | $0 | N/A |
| Byron Stockstill | Secretary/Treas | $0 | $0 | N/A |
| David B Hemeter | President | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$1.3M
Fair Market Value
N/A
Net Worth
$1.3M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
8
Total Giving
$891K
Average Grant
$111K
Median Grant
$104K
Unique Recipients
2
Most Common Grant
$53K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of Ms FoundationTHE FOUNDATION CONTRIBUTED 75 PERCENT OF THE NET DISTRIBUTIONS FROM THE S CORPORATION STOCK TO THE UNIVERSITY OF MISSISSIPPI TO FUND SCHOLARSHIPS TO STUDENTS AS INSTRUCTED BY FOUNDER OF THE FOUNDATION AND DONOR OF THE STOCK. | Oxford, MS | $159K | 2022 |
| Episcopal Diocese Of MsTHE FOUNDATION CONTRIBUTED 25 PERCENT OF THE FOUNDATION'S NET DISTRIBUTIONS FROM THE S CORPORATION STOCK TO THE EPISCOPAL DIOCESE PER THE FOUNDER OF THE FOUNDATION AND DONOR OF THE STOCK. | Jackson, MS | $53K | 2022 |
FLOWOOD, MS
JACKSON, MS
GULFPORT, MS