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Richard and Susan Smith Family Foundation

Profile

Last Updated: 2016-07-17

At A Glance

Richard and Susan Smith Family Foundation

1 Newton Executive Park, Ste. 104

Newton, MA United States 02462-1435

Telephone: (857) 404-0700

URL: www.smithfamilyfoundation.net

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Family foundation

Financial Data

(yr. ended 2015-04-30)

Assets: $294,101,014

Total giving: $14,293,836

EIN

237090011

BRIDGE Number

2330329135

Background

Trust established in 1970 in MA

Purpose and Activities

Grants for health, education, and for children and youth; the arts are a secondary field of interest. Of particular interest are organizations providing opportunities for economically disadvantaged populations, especially children and youth. Toward this end, the foundation has directed most of its support toward highly successful operators of non-traditional public schools that are playing an important role in Massachusetts’s efforts to eliminate the achievement gap.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Capacity Building Grant Program

The capacity building grant program, launched in 2003, provides annual, renewable grants to organizations with significant growth potential that are making important contributions in the foundation's priority areas. These grants are provided over 3-5 years in an amount of up to 10% of organization's annual budget, to a maximum of $200,000 or $1 million per year. The foundation is taking time to assess the accomplishments of the program and determine its future direction. Therefore, the foundation is not accepting Capacity Building requests at this time.

Small Capital Grants

The foundation launched its small capital grants initiative in 2004 with the goal of funding, one-time capital expenses that directly enhance a nonprofit's ability to serve its clients. The grants range in size from $5,000-$50,000, and may be used for such purposes as facility improvements, vehicles, equipment purchases and other non-expendable assets. In the past two years the foundation has awarded small capital grants to 92 organizations carrying out projects in foundation priority areas. Since 2005 the foundation has awarded small capital grants to 109 organizations carrying out projects in the foundation's priority areas. Grant cycles are offered in the spring and fall of each year to agencies with annual operating budgets of approximately $3 million or less.

Smith-Fireman Diabetes Initiative

In November 2005, the foundation invited five Boston community health centers located in neighborhoods disproportionately affected by diabetes to compete for five-year grants in support of innovative diabetes self-management programs. The primary goal of the initiative is to improve health outcomes for persons with diabetes by expanding access to high quality, culturally competent, patient-centered diabetes care. Secondary goal is to evaluate the effectiveness and economic implications of various interventions, such that a case can be made for replicating the most successful interventions in other safety net settings and obtaining more adequate reimbursements for these services by third party payers. The foundation awarded a 6-year contract for evaluation of the initiative to RTI International in October 2005. In Jan. 2006, the trustees awarded grants to four Boston health centers for three projects totaling $3.85 million over 5 years.

Fields of Interest

Subjects
  • Arts and culture
  • Child welfare
  • Diseases and conditions
  • Early childhood education
  • Education
  • Elementary education
  • Homeless services
  • Hospital care
Population Groups
  • Academics
  • Adolescents
  • Children and youth
  • Economically disadvantaged people
  • Ethnic and racial groups
  • Homeless people
  • Low-income and poor people
  • Students
  • Young adults

Financial Data

Year ended 2015-04-30

Assets: $294,101,014 (market value)

Expenditures: $9,529,535

Total giving: $14,293,836

Qualifying distributions: $15,714,764