May & Stanley Smith Charitable Trust


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Governance & Financials

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Governance

The Trustees and staff of the May & Stanley Smith Charitable Trust strive to conduct themselves in a manner consistent with the highest ethical standards. The Trustees have adopted various policies to set forth expected standards and established procedures to comply with those standards.

The Trust intends to avoid conflicts of interest as well as the appearance of impropriety to ensure that the Trust continues to operate in a manner which honors the generosity of its founders, and maintains the public trust inherent in its tax exempt status and private foundation classification. The Trust has adopted a policy of dealing with such conflicts through full disclosure of any such actual or potential conflicting interests, and abstention or recusal where a conflict is involved. The full Conflict of Interest Policy may be viewed here.

Transparency

Acknowledging that it benefits from public trust, the Trust aims to be transparent in its processes, about its grantmaking, and about its finances; and responsive to those who wish to learn more about the Trust and its work.

Financial Reporting

The Trust’s Audited Financial Statements and IRS Forms 990-PF for the past three years are accessible below.

Foundation Status

The May & Stanley Smith Charitable Trust has been recognized by the IRS as a private foundation, exempt from income tax under section 501(c)(3) of the Internal Revenue Code, and as a foreign organization.