Established in 1964 in TX - Nat Goldsmith, a much-beloved philanthropist who generously supported and was personally involved in a number of civic and charitable organizations in San Antonio during his lifetime, died in 1963. Upon Mr. Goldsmith's death, his brother, Mannie Goldsmith, established the Nat Goldsmith Memorial Trust. The principal purpose of the gift was to establish the San Antonio Area Foundation and to provide for its operating expenses. Remaining funds were directed to meet the future needs of the community. The foundation operates as both a community trust and a charitable corporation with the same fourteen member board. This volunteer board is selected by several appointing authorities (CPA's, attorneys, chambers, bank trustees, physicians, etc.) and serves a maximum of two three-year terms. Since its founding in 1964, the foundation has distributed almost $152 million in grants