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SMART FAMILY FOUNDATION OF NEW YORK
NEW ROCHELLE, NY · EIN 813395492 · Form 990PF · FY2024 · NTEE T20 · Philanthropy & Grantmaking · Medium ($1M-$10M)
revenue
$4.0M
expenses
$847K
net assets
$49.8M
employees
—
profile · synthesized from sources

Private foundation based in New York that makes grants to support arts, education, and nonprofit initiatives. Funds theater access for underprivileged communities, museum operations, academic research, and nonprofit consulting programs. Awarded grants totaling over $1.2 million in 2024 to organizations across the United States and Israel.

named programs · 4 · from sources

What they call their work

Avi-Hai Hovav Research Project
Funds research on fighting infections via rare isotope biofilms led by Dr. Avi-Hai Hovav at Hebrew University of Jerusalem
Curjoyful Store Pilot Program
Supports initiatives aimed at increasing access and joy for underserved populations through community-based retail or service models
David Boies Prize Program
Academic prize program at NYU School of Law supporting law students or legal scholarship
Stone Family Creative Development Fund
Supports creative development initiatives at the New Jersey Performing Arts Center
activities · 5 groups

What they do

  • General Operating Support Grants 1 activity
    • Funding cultural and public garden institutions
      Provides general operating support to cultural and public space organizations including Untermyer Gardens Conservancy and PEF Israel Endowment Funds Inc.
  • Unrestricted Institutional Support for Medical Schools 1 activity
    • Funding higher education and academic programs
      Provides grants to universities including New York University (School of Law David Boies Prize Program), University of Chicago (Smart Museum general operations), and University of Texas Foundation (research on rare isotope biofilms to fight infections).
  • Cancer Research Funding 1 activity
    • Funding medical research initiatives
      Awards grants to support scientific research, including funding to Israel Cancer Research Fund Inc for a project led by Avi-Hai Hovav, PhD at Hebrew University of Jerusalem focused on infection-fighting research.
  • Flexible Grants to Grassroots Organizations 1 activity
    • Funding nonprofit capacity-building and consulting initiatives
      Supports organizational development and consulting programs through grants to Social Impact Partners Inc for work with the Connecticut State College System and other nonprofits, and to Support Network for the Curjoyful Store pilot program.
  • Performing Arts Production Support 1 activity
    • Funding theater and performing arts organizations
      Funds nonprofit theater and performing arts institutions such as Peccadillo Theater Company Inc, Folksbeine Yiddish Theatre Inc, and New Jersey Performing Arts Center for general operations, programming, and strategic initiatives including the Spotlight Gala and Stone Family Creative Development Fund.
financials · form 990PF · fy2024
revenue
Total revenue$4.04M
Contributions & grants——
Program service revenue——
Investment income$1.42M35%
Other revenue$2.62M
expenses
Total expenses$847K
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$253K
Grants paid out$3.15M
balance sheet
Total assets$49.79M
Cash—
Investments—
Liabilities—
Net assets$49.79M
4 years on record · 2020–2024 · YoY revenue +14.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
DAVID STONE PRESIDENT,TREASURER AND DI 15 $113K
MARY SMART CHAIR,SECRETARY AND DIRECT 15 $113K
JIM DANATOS DIRECTOR 5 $28K
relationships · 11

Who they work with

  • FOLKSBEINE YIDDISH THEATRE INC Partner — Recipient of $100,000 grant to support strategic planning
  • ISRAEL CANCER RESEARCH FUND INC Partner — Recipient of $66,000 grant to fund a research project at Hebrew University of Jerusalem
  • NEW JERSEY PERFORMING ARTS CENTER Partner — Recipient of two grants totaling $225,000 for arts programming and creative development initiatives
  • NEW YORK UNIVERSITY Partner — Recipient of $175,000 grant for the NYU School of Law David Boies Prize Program
  • PECCADILLO THEATER COMPANY INC Partner — Recipient of $200,000 grant for underprivileged access to theatre and general operating expenses
  • PEF ISRAEL ENDOWMENT FUNDS INC Partner — Recipient of $100,000 grant for general operations
  • SOCIAL IMPACT PARTNERS INC Partner — Recipient of $100,000 grant for consulting programs related to higher education and nonprofits
  • SUPPORT NETWORK Partner — Recipient of $200,000 grant for the Curjoyful Store pilot program
  • UNIVERSITY OF CHICAGO Partner — Recipient of $100,000 grant for general operations of the Smart Museum
  • UNIVERSITY OF TEXAS FOUNDATION Partner — Recipient of $100,000 grant for research on fighting infections via rare isotope biofilms
  • UNTERMYER GARDENS CONSERVANCY Partner — Recipient of $75,000 grant for general operating support