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The Lester And Sue Smith Foundation is a private corporation based in HOUSTON, TX. The foundation received its IRS ruling in 2003. The principal officer is Sharin A Scott. It holds total assets of $66K. Annual income is reported at $4M. Total assets have decreased from $942K in 2011 to $84K in 2023. The foundation is governed by 5 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 2023. Grantmaking is concentrated in Texas. According to available records, The Lester And Sue Smith Foundation has made 28 grants totaling $38.3M, with a median grant of $1M. Annual giving has decreased from $8.5M in 2020 to $5.8M in 2023. Grantmaking activity was highest in 2022 with $13.9M distributed across 12 grants. Individual grants have ranged from $25K to $4.3M, with an average award of $1.4M. The foundation has supported 7 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
Smallest Grant
$50K
Median Grant
$1.4M
Average Grant
$1.4M
Largest Grant
$3M
Based on 6 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.
The Lester And Sue Smith Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 28 grants. Its grantmaking reaches organizations primarily in TX.
The Lester And Sue Smith Foundation has distributed a total of $38.3M across 28 grants. The median grant size is $1M, with an average of $1.4M. Individual grants have ranged from $25K to $4.3M.
The Lester And Sue Smith Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Lester And Sue Smith Foundation is headquartered in HOUSTON, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Stuart M Smith | TRUSTEE | $0 | $0 | N/A |
| Sue A Smith | PRES/TRUSTEE | $0 | $0 | N/A |
| Jill Mcdonald | TREASURER | $0 | $0 | N/A |
| Karla Neal | SECRETARY | $0 | $0 | N/A |
| Michelle S Hendry | TRUSTEE | $0 | $0 | N/A |
Total Giving
$5.8M
Total Assets
$84K
Fair Market Value
$297K
Net Worth
$84K
Grants Paid
$5.8M
Contributions
$5.7M
Net Investment Income
$63K
Distribution Amount
$19K
Total Grants
28
Total Giving
$38.3M
Average Grant
$1.4M
Median Grant
$1M
Unique Recipients
7
Most Common Grant
$2M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Harris County Hosp Dist FoundationHEALTH SERVICES | Houston, TX | $2M | 2023 |
| Texas Children'S HospitalCHILDREN'S HOSPITAL | Houston, TX | $2M | 2023 |
| Holocaust Museum HoustonHOLOCAUST REMEMBRANCE AND EDUCATION | Houston, TX | $1.8M | 2023 |
| Awty International SchoolINTERNATIONAL EDUCATIONAL INSTITUTE | Houston, TX | $25K | 2023 |
| Baylor College Of MedicineBREAST CANCER RESEARCH & LUNG CENTER | Houston, TX | $1M | 2022 |
| Seven Acres Jewish Senior CareLONG TERM CARE SERVICES | Houston, TX | $200K | 2022 |
| Harris County Hospital District FoundationHEALTH SERVICES | Houston, TX | $500K | 2020 |