Smartbank Foundation
Accepts applications
Smartbank Foundation is a private foundation in Chattanooga, Tennessee. In tax year 2025 it gave $30,000 in 2 grants; the typical grant was $15,000 and the largest $20,000. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$30,000
- Number of grants2
- Typical grant$15,000
- Largest grant$20,000
- Assets$280,864
- New grantees50%
Giving in 2025 was down from $36,000 the year before.
50% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $50,000 | 3 | $297,968 |
| 2024 | $36,000 | 4 | $280,830 |
| 2025 | $30,000 | 2 | $280,864 |
How to apply
| Contact | Becky Grudzinski 835 Georgia Avenue, Chattanooga, TN 37402 |
|---|---|
| Phone or email | (423) 385-3115 |
| What to submit | The application and letter should outline the needs of the individual or the organization and how the donation from the foundation is to be expended. |
What Smartbank Foundation funds
Where it gives
Its grants went to recipients in 2 states, the most to Alabama.
| State | Grants | Amount |
|---|---|---|
| Alabama | 1 | $20,000 |
| Georgia | 1 | $10,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Saban Center | $100,000 contribution over 5 years (beginning 2023) to the saban center whose mission is to provide an environment that encourages learning, creativity, and teamwork. The saban center is a STEM and arts campus where education, experience, and innovation meet. Saban center will be an innovative hub for education training, arts participation and academic support for teachers and families alike for local and regional school districts to inspire children to enter a variety of STEM and arts-related fields. 2024 contribution: $20,000 | $20,000 |
| Top of Georgia | $10,000 contribution to top of georgia which is an economic development initiative that serves as a nonprofit fundraising arm to enhance the marketing efforts of the publicly funded northwest georgia joint development authority (nwgajda). Top of georgia serves as a way for private individuals or companies to contribute to the economic well-being of the greater northwest georgia area including catoosa, chattooga, dade and walker counties. | $10,000 |
Officers and trustees
- Billy Carroll
- Bill Carroll
- Miller Welborn
Questions people ask
Does Smartbank Foundation accept grant applications?
Yes. Its latest IRS filing says it accepts applications.
How much does Smartbank Foundation give?
$30,000 in tax year 2025, across 2 grants, with a typical grant of $15,000.
Who runs Smartbank Foundation?
Its 2025 filing lists Billy Carroll (President), Bill Carroll (Treasurer) and Miller Welborn (Secretary).
What does Smartbank Foundation fund?
Based on its grants, mainly arts and culture, education and environment and conservation.