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Massachusetts · Nonprofit

THE TRUSTEES OF THE SMITH COLLEGE

THE TRUSTEES OF THE SMITH COLLEGE (Massachusetts) receives grants from 497 organizations whose IRS filings report $183,027,634 to it, the largest being GERSON BAKAR FOUNDATION ($50,000,000). 333 of them have funded it in more than one year.

Revenue FY2025
$533M
Funders on record
497
Grants received
$183M
Net assets
$3.2B
333/497 repeat funderspeak grant-dependency 7%
01What it does

What The Trustees of the Smith College does

Mission

Smith college educates women of promise for lives of distinction and purpose. A college of and for the world, smith college links the power of the liberal arts to excellence in research and scholarship, developing leaders for society's challenges. See schedule o.

As stated on its FY2025 Form 990.

Programs

  1. Undergraduate educational programs serving 2,500 students. Smith college offers 1,000 courses in more than 50 areas of study. Smith's programs in florence, geneva, hamburg and paris combine rigorous academics with the experience of living in another country and discovering a new culture. For extracurricular activities, the college has more than 100 chartered student organizations with a range of services and activities, a dozen varsity sports and extensive intramural and club sports programs. The campus school (k to 6) and the center for early childhood education serve as laboratories for the department of education & child study.

    $320,023,680 spentof which $113,171,293 as grants$224,923,744 earned by the program
    87% of program spending
  2. The school for social work offers a master of social work (msw) degree focused on clinical social work and direct field work practice. The program stresses the integration of clinical theory & practice with an understanding of the social context in which people live. It also emphasizes an understanding of the social policies and organizational structure that influence the school's service delivery system. In addition, the school offers a ph.d. Program designed to prepare msws for leadership positions in clinical research, education, and practice. It also provides extensive postgraduate offerings through its continuing education program.

    $13,056,651 spentof which $4,406,699 as grants$9,176,667 earned by the program
    4% of program spending
  3. Graduate educational programs offer women & men advanced degrees of masters of arts in teaching (elementary, middle or high school), master of fine arts, master of science in biological sciences, and master of science in exercise and sport studies. In special one-year programs, international students may qualify for a certificate of graduate studies or a diploma in american studies. Each year 100 men & women pursue such advanced work. Individuals may also enroll as non-degree students by registering for one or more courses. Most graduate courses are planned for graduate students who are degree candidates.

    $6,067,120 spentof which $3,346,319 as grants$4,264,182 earned by the program
    2% of program spending
  4. Other program service accomplishments professional development and summer programs: outreach programs extend smith college's academic and cultural resources to the broader community, both locally and nationally. The college offers programs for children & their families, from preschool through high school, as well as educators. Programs highlight smith's leadership in science and engineering education, reflect the college's commitment to opportunities for girls and young women, utilizing its world-class museum, gardens, and campus. Faculty engage in sponsored and college funded professional development and research. Smith executive education for women: smith executive education for women is designed to grow women leaders. Participants in smith's executive education program benefit from courses, seminars & discussions that are customized to meet the needs of sponsoring corporations and individual attendees. World class faculty from the world's leading business schools and corporations are selected based on their expertise.

    $29,222,836 spentof which $299,094 as grants$18,454,720 earned by the program
    8% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $368,370,287.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($350M) Expenses 100 ($309M) Net assets 100 ($2.2B)2018 Revenue 116 ($406M) Expenses 102 ($316M) Net assets 106 ($2.3B)2019 Revenue 106 ($372M) Expenses 106 ($327M) Net assets 109 ($2.3B)2020 Revenue 113 ($395M) Expenses 107 ($330M) Net assets 108 ($2.3B)2021 Revenue 138 ($482M) Expenses 94 ($292M) Net assets 142 ($3.1B)2022 Revenue 203 ($711M) Expenses 119 ($369M) Net assets 137 ($3.0B)2023 Revenue 168 ($587M) Expenses 125 ($386M) Net assets 138 ($3.0B)2024 Revenue 111 ($390M) Expenses 133 ($412M) Net assets 143 ($3.1B)2025 Revenue 152 ($533M) Expenses 144 ($446M) Net assets 151 ($3.2B)
'17'18'19'20'21'22'23'24'25
Revenue (152)Expenses (144)Net assets (151)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $2.7B to $3.5B (+31%).

$2.5B
$2.6B
$2.7B
$2.7B
$3.5B
$3.5B
$3.6B
$3.7B
$3.9B
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 1% · 2018 1% · 2019 1% · 2020 1% · 2021 0% · 2022 2% · 2023 2% · 2024 1% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.

13% of THE TRUSTEES OF THE SMITH COLLEGE’s revenue is contributions — about as donation-reliant as the typical peer (14% for the typical peer).

This organization
Typical peer · 732 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.

$41M
’17
$90M
’18
$45M
’19
$64M
’20
$189M
’21
$342M
’22
$202M
’23
−$21M
’24
$86M
’25
2.4
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Michael T Thurston

Fmr officer-chair of world lit

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed454646474348494647
Joined·+10+7+9+10+11+12+5+3
No longer listed·9781461182
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 140 funders to 225 funders, grant income rose $11M → $34M.

86 of 497 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 36% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $6.0M from one payer (an institutional transfer, not a grant programme, largest The Wurtele Foundation); $81k from one payer (the payer shares this organization's board, largest Trustees of Tufts College). These are real filings, and they are not money THE TRUSTEES OF THE SMITH COLLEGE raised.

From the IRS filings of THE TRUSTEES OF THE SMITH COLLEGE’s funders (the co-funder graph). Top 30 of 497 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

THE TRUSTEES OF THE SMITH COLLEGE has a broad base — no single funder exceeds 27% of grant income, and it takes 5 funders to reach half.

the vertical line marks half of all grant income — 5 funders to its left

38% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE TRUSTEES OF THE SMITH COLLEGE.

27%
largest funder
42%
top three
~10
effective funders

Largest funder’s share by year: 2017 33% · 2018 15% · 2019 13% · 2020 36% · 2021 43% · 2022 38% · 2023 30% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

53% of THE TRUSTEES OF THE SMITH COLLEGE's funders are still giving 3 years after their first grant; 67% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

THE TRUSTEES OF THE SMITH COLLEGE draws 98% of its grant income from funders outside Massachusetts, across 39 states in all.

AK
ME
NH
WA
ID
MT
MN
IL
WI
MI
NY
MA
OR
NV
WY
SD
IN
OH
PA
NJ
CT
RI
CA
CO
MO
VA
MD
DE
AZ
NM
TN
NC
SC
DC
HI
OK
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Massachusetts out of state home

Funder states come from each funder’s own filing. $65M arriving through sponsors registered in 31 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

THE TRUSTEES OF THE SMITH COLLEGE runs a healthier operating margin than three-quarters of the 684 education nonprofits its size.

Operating margin16% · top quartile
Months of reserve2.4mo · above the median
Revenue growth (annualized)5% · above the median

this organization peer median middle 50% of peers· 684 education nonprofits over $100M, FY2025

Government funding THE TRUSTEES OF THE SMITH COLLEGE receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $46.1M on record — $39.0M federal, $7.1M state.

Federal$39.0M
grants $39.0Mcontracts $0
17
18
19
20
21
22
23
24
25
26
Top agencies
  • National Science Foundation$18.0M
  • Department of Education$10.8M
  • Department of Health and Human Services$7.9M
  • Corporation for National and Community Service$1.2M
  • National Aeronautics and Space Administration$463k
  • National Endowment for the Humanities$329k
State$7.1M
17
18
19
20
21
22
23
24
25
Top programs
  • (PP) STATE AID/POL SUB$7.1M
  • (EE) ADMINISTRATIVE EXPENSES$30k
  • (HH) CONSULTANT SVCS (TO DEPTS)$16k
  • (JJ) OPERATIONAL SERVICES$3k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like THE TRUSTEES OF THE SMITH COLLEGE

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Massachusetts

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

83% of spending goes to programs.

Program 83%Management 16%Fundraising 2%

Governance

30
board members
97%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

62%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 7 states

NH
MI
NY
MA
OR
MD
OK

Part of a family of 6 related entities

  • The Ellery Hotel LLC · disregarded
  • Alumnae Association of Smith College · exempt
  • Smith Student Aid Society Inc · exempt
  • Charitable Remainder Trusts (33) · corp_trust
  • Pooled Income Fund (40) · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for THE TRUSTEES OF THE SMITH COLLEGE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THE TRUSTEES OF THE SMITH COLLEGE?
THE TRUSTEES OF THE SMITH COLLEGE (Massachusetts) receives grants from 497 organizations whose IRS filings report $183,027,634 to it, the largest being GERSON BAKAR FOUNDATION ($50,000,000). 333 of them have funded it in more than one year.
How many funders does THE TRUSTEES OF THE SMITH COLLEGE have?
IRS filings report 497 organizations giving $183,027,634 in grants to THE TRUSTEES OF THE SMITH COLLEGE, 333 of which have funded it in more than one year.
Who is the largest funder of THE TRUSTEES OF THE SMITH COLLEGE?
GERSON BAKAR FOUNDATION is the largest funder on record, with $50,000,000 in grants. The full list of funders is on this page.
How can an organization like THE TRUSTEES OF THE SMITH COLLEGE find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 497 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing