Smart Family Foundation of New York
The Smart Family Foundation of New York is a private philanthropic foundation based in New Rochelle, New York. The foundation operates as a 501(c)(3) organization and maintains a national grantmaking presence, supporting charitable initiatives across multiple states and regions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$49.8M
-0.0% YoY
Annual Giving
$3.1M
+7.3% YoY
Grant Count
82
+5.1% YoY
Avg Grant Size
$38K
+2.0% YoY
Mission & Focus Areas
The foundation is primarily interested in education projects, with particular focus on initiatives that affect primary and secondary school children.
Grantmaking
The foundation makes contributions to preselected charitable organizations. Recent grantmaking activity shows:
Grant Range
** $25,000
Average Grant
** $37,000
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Geographic Focus
Where this funder awards grants
The foundation funds initiatives across multiple U.S. states and cities, including major urban centers such as New York, Chicago, and San Francisco, as well as smaller communities. Primary funding regions include:
- New York
- Connecticut
- New Jersey
- California
- Florida
- Illinois
- Texas
- Maryland
- Massachusetts
- Pennsylvania
- Oregon
Approximately 87% of all grants support organizations in New York, Connecticut, and New Jersey, though grantmaking reaches organizations across 11 states.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total assets: $49.8 million
- Annual expenses: Approximately $3.67 million
- Annual revenue: Approximately $3.53 million
- Annual income (alternative reporting): $15.5 million
- IRS ruling year: 2016
- Tax deductibility: Contributions are tax-deductible
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $49,794,874 | $49,795,706 | $49,933,888 |
| Revenue | $4,037,042 | $3,534,285 | $2,921,384 |
| Expenses | $3,995,676 | $3,672,467 | $3,494,450 |
| Qualifying Distributions | $3,526,140 | $3,272,672 | $3,088,754 |
| Net Investment Income | $3,608,280 | $3,189,490 | $2,515,203 |
| Distributable Amount | $3,403,691 | $3,079,491 | $3,137,696 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Mary Smart — Chair, Secretary, and Director (compensation: $112,500 for 15 hours per week)
- David Stone — President, Treasurer, and Director (compensation: $112,500 for 15 hours per week)
- Jim Danatos — Director (compensation: $27,500 for 5 hours per week)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY SMART | CHAIR,SECRETARY AND DIRECT | 15 | $112,500 |
| DAVID STONE | PRESIDENT,TREASURER AND DI | 15 | $112,500 |
| JIM DANATOS | DIRECTOR | 5 | $27,500 |
Contact Information
- Address: 1333A North Avenue, No. 432, New Rochelle, NY 10804
- Phone: (914) 632-2762
- Fax: (203) 834-0412
- EIN: 06-1232323 (also listed as 81-3395492 in some records)
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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