announcements

THE W. W. SMITH CHARITABLE TRUST AWARDS JULY 01, 2006 THROUGH MAY 31, 2007

The Trustees gave new grants to the Sea Education Program in the amount of $32,835.

On May 17, 2007, The Trustees approved Scholarship grants for 30 universities in the amount of $2,035,000 and 16 universities received $160,000 in Prize Program awards. In addition, they approved a one-year special scholarship grant in the amount of $25,000.

On March 15, 2007, the Trustees gave grants for Food, Clothing and Shelter in the amount of $795,370 and approved eight Challenge Grants in the amount of $58,500.

On December 14, 2006, the Trustees gave grants of $1,885,000 for Heart Medical Research.

Also on December 14, 2006, the Trustees gave a special grant in the amount of $1,500,000 to Lankenau Hospital Foundation in support of Main Line Health Center for their first Chair in Cardiovascular Research.

On September 21, 2006, the Trustees gave grants in the amount of $1,754,000 for Cancer and AIDS Medical Research. The Trustees also approved grants for Food, Clothing and Shelter in the amount of $562,000 and approved three Challenge Grants in the amount of $36,500.


Review of the Past Two Years
 
As we look back over the past two years, from July 2005 through June 2007, the Trustees, Advisors and Staff have proudly continued to help ease the financial challenges of non-profit organizations as they strive to accomplish their goals and satisfy their social missions. We truly recognize the courage, creativity, hard work and effectiveness of the individuals who staff the institutions we support. The work made possible by the approved grants reveals repeatedly the character of Bill Smith and the values he set forth for his Trust. As in the past, the Trustees will continue to consider worthy projects that have a great potential to make a positive impact.

The financial holdings continued to be redefined, always with the hope of fueling the growth of the portfolio with strong performing assets and safe holdings. The Trustees clearly recognize that the Trust, with the help of outside advisors, has been fortunate to have the benefit of consistent and excellent stewardship at all levels. Grants of $8,844,205 were approved this past year, bringing the total funding made available since 1977 to $158,299,018.

The W. W. Smith Charitable Trust continues to encourage strong relationships with its partners as it attempts to improve the quality of life in the communities it serves. In that vein, its commitment to medical excellence, its pledge to enable children and the elderly to improve their lives, and its promise to bring college education to regional students is unswerving. With the resources of the Charitable Trust, Bill Smith planned to encourage young people to excel in all aspects of their lives through education, to advance the application of medical research and to encourage individuals, both young and old, to reach their highest potential. These are the standards that have characterized the Trust for the past 30 years and they are a reflection of Bill Smith’s exceptional vision. It is the Trustees intention to support and promote programs that are clearly focused and well planned in honor of its founder, William Wikoff Smith.

The Trustees wish to thank all the organizations that submitted proposals during this time period, the members of the Trust’s independent medical advisory committees, recipient organizations, the investment team, and the Trust staff.