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Garrett B Smith Foundation FY2024 filing

Tax-deductible

Greenwich, CT501(c)(3)Since 1995Foundations & GrantmakersEIN 06-6411358

The foundation provides funds to support research in the treatment of cancer, especially in children, and to support entertainment programs for those hospitalized children.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $4K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
44 mo
of spending, in cash
Looks good: 44.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$169K
+80% vs prior year
Spent
$155K
To programs
93%
Net assets
$1.6M
By yearFY2020–FY2025
Revenue
$169K
FY2024▲ +80%
Revenue by fiscal year
FY2020$117K
FY2021$203K
FY2022$86K
FY2023$94K
FY2024$169K
FY2025$212K
Expenses
$155K
FY2024-0.2%
Expenses by fiscal year
FY2020$122K
FY2021$165K
FY2022$147K
FY2023$155K
FY2024$155K
FY2025$161K
Net assets
$1.6M
FY2024-0.3%
Net assets by fiscal year
FY2020$1.7M
FY2021$1.9M
FY2022$1.6M
FY2023$1.6M
FY2024$1.6M
FY2025$1.7M

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $143K Management & general 7% · $11K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
Scott Smith
Pres/Director
$0Pt VII · Sec A
Heidi Smith
Secy/Treasurer
$0Pt VII · Sec A
See Garrett B Smith Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds cancer research, especially for children, and supports hospital entertainment programs.

Provided by the organization

This section is blank until Garrett B Smith Foundation claims this page.

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1 program service account for $143K of program spending, described in the organization's own filed words · FY2024.
01

The foundation provides funds to support research in the treatmentof cancer, especially in children, and to support entertainmentprograms for those hospitalized children.

$143Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Bevan Daddino Foundation INCFY2024$1K
Total grants receivedfrom 1 funder$1K
Grants paid · 10 grants · $683K · 2020–2024
Yale New Haven HospitalCT · FY2024$93,250
The Breast Cancer Research Foundation INCNY · FY2024$50,000
Yale New Haven HospitalCT · FY2023$92,000
St Jude Children's Research Hospital INCTN · FY2023$50,000
Yale New Haven HospitalCT · FY2022$84,757
St Jude Children's Research Hospital INCTN · FY2022$50,000
Yale New Haven HospitalCT · FY2021$102,919
St Jude Children's Research Hospital INCTN · FY2021$50,000
Yale New Haven HospitalCT · FY2020$60,383
St Jude Children's Research Hospital INCTN · FY2020$50,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$169K
Ln 12
Investment incomeLn 3$162K
Gifts and grantsLn 1h$7K
Money outPt IX
$155K
Ln 25
Programscol B$143K
Managementcol C$11K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$573K
Total assetsLn 16$1.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7K
Noncash giftsLn 1g$992
Investment incomeLn 3$162K
Gains on assetsLn 7$107K
Total revenueLn 12$169K
Assets in detailPt X, end of year
SavingsLn 2$573K
Cash and savings togetherLn 1–2$573K
InvestmentsLn 11–13$1.1M
Total assetsLn 16$1.6M
LiabilitiesLn 26$0
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$70K$573K
InvestmentsLn 11–13$1.6M$1.1M
Total assetsLn 16$1.6M$1.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.6M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$143K$143K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$8K$8K
Other expenses (24a–d)Ln 24$292$292
Total functional expensesLn 25$155K$143K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $212K$161K$51K$1.7M 990 PDF
FY2024 Viewing $169K$155K$15K$1.6M 990 PDF
FY2023 $94K$155K−$61K$1.6M 990 PDF
FY2022 $86K$147K−$60K$1.6M 990 PDF
FY2021 $203K$165K$38K$1.9M 990 PDF
FY2020 $117K$122K−$5K$1.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $169,335 across 6 lines filed
VIII-1f All other contributions, gifts and grants$6,892
VIII-1g Noncash contributions (included above)$992
VIII-1h Total contributions, gifts and grants$6,892
VIII-3 Investment incomeExcluded from tax $54,978$54,978
VIII-7 Net gain or loss on sales of assetsExcluded from tax $107,465$107,465
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $162,443$169,335
Part IX · Statement of functional expenses $154,568 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $143,250$143,250
IX-11c Accounting feesManagement $2,978$2,978
IX-11f Investment management feesManagement $8,048$8,048
IX-24 Other expenses (24a–d)Management $292$292
IX-25 Total functional expensesPrograms $143,250 · Management $11,318 · Fundraising $0$154,568
Part X · Balance sheet $1,631,265 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $69,861$573,241
X-11 Publicly traded securitiesStart of year $1,566,230$1,058,024
X-16 Total assetsStart of year $1,636,091$1,631,265
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,636,091$1,631,265
X-33 Total liabilities and net assetsStart of year $1,636,091$1,631,265
Part XI · Reconciliation of net assets $1,631,265 net assets at year end
XI-1 Total revenue$169,335
XI-2 Total expenses$154,568
XI-3 Revenue less expenses$14,767
XI-4 Net assets at start of year$1,636,091
XI-5 Net unrealized gains (losses) on investments−$18,884
XI-8 Prior period adjustments−$708
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,631,265

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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