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Smith & Watson Foundation is a private corporation based in HOBBS, NM. The foundation received its IRS ruling in 1991. The principal officer is Julee W Smith. It holds total assets of $599K. Annual income is reported at $97K. Total assets have grown from $315K in 2010 to $556K in 2023. The foundation is governed by 2 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. Grantmaking is concentrated in New Mexico. According to available records, Smith & Watson Foundation has made 52 grants totaling $117K, with a median grant of $1K. Annual giving has grown from $25K in 2021 to $30K in 2024. Grantmaking activity was highest in 2022 with $32K distributed across 13 grants. Individual grants have ranged from $200 to $6K, with an average award of $2K. The foundation has supported 13 unique organizations. Grant recipients are concentrated in New Mexico. Contributions to this foundation are tax-deductible.
Smallest Grant
$200
Median Grant
$1K
Average Grant
$2K
Largest Grant
$6K
Based on 13 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.
Smith & Watson Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 52 grants. Its grantmaking reaches organizations primarily in NM.
Smith & Watson Foundation has distributed a total of $117K across 52 grants. The median grant size is $1K, with an average of $2K. Individual grants have ranged from $200 to $6K.
Smith & Watson Foundation typically selects its grantees rather than accepting unsolicited proposals.
Smith & Watson Foundation is headquartered in HOBBS, NM.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| R Finn Smith | SECRETARY/TREASURER | $0 | $0 | N/A |
| Julee W Smith | PRESIDENT | $0 | $0 | N/A |
Total Giving
$39K
Total Assets
$556K
Fair Market Value
$670K
Net Worth
$556K
Grants Paid
$30K
Contributions
N/A
Net Investment Income
$24K
Distribution Amount
$32K
Total: $519K
Total Grants
52
Total Giving
$117K
Average Grant
$2K
Median Grant
$1K
Unique Recipients
13
Most Common Grant
$1K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of The SouthwestGENERAL SUPPORT | Hobbs, NM | $6K | 2024 |
| Palmer Drug Abuse ProgramGENERAL SUPPORT | Hobbs, NM | $5K | 2024 |
| My Power IncGENERAL SUPPORT | Hobbs, NM | $5K | 2024 |
| New Mexico Junior College FoundationGENERAL SUPPORT | Hobbs, NM | $4K | 2024 |
| Sacramento CampGENERAL SUPPORT | Sacramento, NM | $3K | 2024 |
| Habitat For HumanityGENERAL SUPPORT | Hobbs, NM | $3K | 2024 |
| Southwest SymphonyGENERAL SUPPORT | Hobbs, NM | $1K | 2024 |
| Western Heritage MuseumGENERAL SUPPORT | Hobbs, NM | $1K | 2024 |
| Isaiahs Soup KitchenGENERAL SUPPORT | Hobbs, NM | $750 | 2024 |
| Lea County MuseumGENERAL SUPPORT | Lovington, NM | $750 | 2024 |
| Lea County Humane SocietyGENERAL SUPPORT | Hobbs, NM | $500 | 2024 |
| Leaders IndustriesGENERAL SUPPORT | Hobbs, NM | $400 | 2024 |
| Conquistador Boy Scouts Of AmericaGENERAL SUPPORT | Roswell, NM | $200 | 2024 |