THE WILL SMITH CHARITABLE FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
THE WILL SMITH CHARITABLE FOUNDATION (EIN 37-1545757)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-10-26
IRS object ID
202512999349100301
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-10-26T13:16:47-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN263456972PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Gary W Brandon CPA OwnerBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16119 Greenville Ave 446AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75206ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN371545757EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Will Smith Charitable FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWILLBusinessNameControlTxt
Phone2105594044PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1734 College BlvdAddressLine1Txt
CitySan AntonioCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78209ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSusan NaylorPersonNm
Person TitlePresidentPersonTitleTxt
Signature2025-10-21SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGary W BrandonPreparerPersonNm
PTINP00027368PTIN
Phone2142213611PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,135,104FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$5,020ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$53,201DividendsRevAndExpnssAmt
Dividends Net Invst Incm$53,201DividendsNetInvstIncmAmt
Dividends Adj Net Incm$53,201DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$53,808NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$279,818GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$53,808CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$112,029TotalRevAndExpnssAmt
Total Net Invst Incm$107,009TotalNetInvstIncmAmt
Total Adj Net Incm$53,201TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$369LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$800AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$42,008OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$23,465OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$43,177TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$23,465TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$80,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$80,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$123,177TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$23,465TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$80,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$11,148ExcessRevenueOverExpensesAmt
Net Investment Income$83,544NetInvestmentIncomeAmt
Adjusted Net Income$53,201AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$195,849SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$101,157SavAndTempCashInvstEOYAmt
Other Investments BOY$1,579,052OtherInvestmentsBOYAmt
Other Investments EOY$1,662,596OtherInvestmentsEOYAmt
Other Investments EOYFMV$4,135,104OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,774,901TotalAssetsBOYAmt
Total Assets EOY$1,763,753TotalAssetsEOYAmt
Total Assets EOYFMV$4,135,104TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,774,901CapitalStockBOYAmt
Capital Stock EOY$1,763,753CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,774,901TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,763,753TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,774,901TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,763,753TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,774,901TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$11,148ExcessRevenueOverExpensesAmt
Subtotal$1,763,753SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,763,753TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
SEE STMT FROST BANK TRUSTEE FORM 1099-BP2024-01-012024-12-31$2,496$3,080-$584-$584
SEE STMT FROST BANK TRUSTEE FORM 1099-BP2023-01-012024-12-31$277,322$222,930$54,392$54,392
FieldValueIRS element (for citing)
Capital Gain Net Income$53,808CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$584NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,161InvestmentIncomeExciseTaxAmt
Subtotal$1,161SubtotalAmt
Tax Based On Investment Income$1,161TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$286EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$2,079ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$2,365TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$4EsPenaltyAmt
Overpayment$1,200OverpaymentAmt
Applied To ES Tax$1,200AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website Addresswww.willsmithfoundation.comWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Gary W Brandon CPABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2142213611PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line16119 Greenville Ave Suite 446AddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75206ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Susan Naylor
734 College BlvdSan AntonioTX78209President20.00$0
Rex Robinson
631 Nottingham AvenueHendersonvilleTN37075Vice President0.00$0
Theresa Brandon
7220 Yamini DrDallasTX75230Secretary0.00$0
Theresa Brandon
7220 Yamini DrDallasTX75230Treasurer0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$1,161TaxBasedOnInvestmentIncomeAmt
Total Tax$1,161TotalTaxAmt
Distributable Before Adj$1,161DistributableBeforeAdjAmt
Distributable Before Ded$1,161DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$80,000ExpensesAndContributionsAmt
Qualifying Distributions$80,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$173,000ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$67,800ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$367,000ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$74,987ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$115,680ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$798,467TotalExcessDistributionCyovAmt
Qualifying Distributions$80,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$80,000RemainingDistriFromCorpusAmt
Total Corpus$878,467TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$173,000ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$705,467ExcessDistriCyovToNextYrAmt
Excess From Year4$67,800ExcessFromYear4Amt
Excess From Year3$367,000ExcessFromYear3Amt
Excess From Year2$74,987ExcessFromYear2Amt
Excess From Year1$115,680ExcessFromYear1Amt
Excess From Current Year$80,000ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonThe Will Smith Charitable FoundatioRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1734 College BlvdAddressLine1Txt
CitySan AntonioCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78209ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2105594044RecipientPhoneNum
Form And Info And MaterialsThe mission of The Will Smith Foundation is to locate the need and provide the means of giving positive life experiences to children through art, music and acts of compassion, and to assist in bringing emergency medical services to areas in need. Written applications for support by organizations that are consistent with our mission will be considered.FormAndInfoAndMaterialsTxt
Submission DeadlinesNoneSubmissionDeadlinesTxt
Restrictions On AwardsNoneRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Project Bloom
1423 Schley AveSan AntonioTX78210NoneN/ATo support their nature-based educational programs and community events that foster positive transformation.$10,000
Love Kendall County Kids
316 W Highland DrBoerneTX78006NoneN/ATo support their programs to work with local groups to ensure that no child in the community faces the risk of hunger.$20,000
Therapy Animals of San Antonio
PO Box 690221San AntonioTX78269NoneN/ATo support their programs to bring people and animals together for healing.$50,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$80,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$53,201RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$53,808RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$107,009RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$107,009TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccountingCategoryTxt
Amt$800Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLegal FeesCategoryTxt
Legal Fees$369LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Credit Card Processing Costs$579
Fundraising Costs$16,190
Insurance$1,774
Investment Expenses$23,465$23,465

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