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Filing year 2023

RICHARD & SUSAN SMITH FAMILY FOUNDATION

Newton, Massachusetts·EIN 23-7090011·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$5.7M
Total assets
$296.1M
Total expenses
$26.5M
Reported officers
20

Executive compensation

Form 990-PF · Part VIII · 4 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Executive Director
Above 90th percentilevs Philanthropy, Voluntarism & Grantmaking peers in Massachusetts
$416k
$459k
Senior Program Officer
Program Officer
Above 90th percentile
$235k
$259k
Senior Program Officer
Program Officer
75th to 90th percentile
$230k
$253k
Program Officer
Median to 75th percentile
$157k
$172k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 16 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at RICHARD & SUSAN SMITH FAMILY FOUNDATION equaled 2% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2023)
2%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$18.2M

Itemized grants

149

Median grant

$38k

RecipientLocationPurposeAmount
COMBINED JEWISH PHILANTHROPIESBOSTON, MAJEWISH CAUSES$3M
COMBINED JEWISH PHILANTHROPIESBOSTON, MAJEWISH CAUSES$1.5M
BOSTON MEDICAL CENTERBOSTON, MAHEALTH$1.4M
UNIVERSITY OF MASSACHUSETTS BOSTONBOSTON, MAEDUCATION$730k
BOYS & GIRLS CLUB OF GREATER LOWELLLOWELL, MAYOUTH DEVELOPMENT$500k
BRIGHAM AND WOMEN'S HOSPITALBOSTON, MAHEALTH$500k
FATHER BILL'S & MAINSPRINGBROCKTON, MAHUMAN SERVICES$500k
HEALTH RESOURCES IN ACTIONMEDICAL FOUNDATIONBOSTON, MAMEDICAL RESEARCH$498k
MILTON ACADEMYMILTON, MAEDUCATION$360k
BRIDGE OVER TROUBLED WATERSBOSTON, MAHEALTH$325k
BUCKINGHAM BROWNE AND NICHOLS SCHOOLCAMBRIDGE, MAEDUCATION$300k
BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGYBOSTON, MAEDUCATION$250k
BUNKER HILL COMMUNITY COLLEGEBOSTON, MAEDUCATION$250k
MIDDLESEX COMMUNITY COLLEGELOWELL, MAEDUCATION$250k
PAN MASSACHUSETTS CHALLENGENEEDHAM, MAMEDICAL RESEARCH$250k
BOSTON UNIVERSITYBOSTON, MAMEDICAL RESEARCH$200k
HARVARD COLLEGE PRESIDENT AND FELLOWS OFCAMBRIDGE, MAMEDICAL RESEARCH$200k
HARVARD COLLEGE PRESIDENT AND FELLOWS OFCAMBRIDGE, MAMEDICAL RESEARCH$200k
MASSACHUSETTS INSTITUTE OF TECHNOLOGYCAMBRIDGE, MAMEDICAL RESEARCH$200k
THE DIMOCK CENTERBOSTON, MAHEALTH$200k
UNIVERSITY OF MASSACHUSETTS MEDICAL SCHOOLWORCESTER, MAMEDICAL RESEARCH$200k
EDWARD M KENNEDY ACADEMY FOUNDATION INCBOSTON, MAEDUCATION$160k
BOSTON CHILDREN'S HOSPITALBOSTON, MAMEDICAL RESEARCH$150k
BOSTON PLAN FOR EXCELLENCEBOSTON, MAEDUCATION$150k
DANA-FARBER CANCER INSTITUTEBOSTON, MAMEDICAL RESEARCH$150k
Compare this foundation's grantees

Up 4%
from 2022

From $400k in 2022 to $416k in 2023.

$400k
2022
$416k
2023
In today's dollarsEst.
Roughly flat in real terms$457k to $459k

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 4% from 2022 to 2023, while revenue fell 81%.

$400k in 2022 to $416k in 2023.
  • Program Officer pay rose 5% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($150M - $1B), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about RICHARD & SUSAN SMITH FAMILY FOUNDATION

What does the Chief Executive Officer of RICHARD & SUSAN SMITH FAMILY FOUNDATION earn?

In 2023, the Chief Executive Officer of RICHARD & SUSAN SMITH FAMILY FOUNDATION received $416,445 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Philanthropy, Voluntarism & Grantmaking organizations in Massachusetts: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at RICHARD & SUSAN SMITH FAMILY FOUNDATION compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Massachusetts, the 2023 pay of the Chief Executive Officer at RICHARD & SUSAN SMITH FAMILY FOUNDATION falls in the top 10%. In 2023, the highest total compensation at RICHARD & SUSAN SMITH FAMILY FOUNDATION equaled 2% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are RICHARD & SUSAN SMITH FAMILY FOUNDATION's revenue and expenses?

In 2023, RICHARD & SUSAN SMITH FAMILY FOUNDATION reported $5.7M in total revenue and $26.5M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($150M - $1B), because foundation pay scales with assets under management, not revenue.