The Richard Smart Fund is a component of the Hawaii Community Foundation, a statewide charitable services and grant-making institution endowed with contributions from many donors. The Richard Smart Fund is supported by income from the Parker Ranch Foundation Trust and was created to support health care, educational and charitable purposes that improve the general welfare and quality of life for the people of the Kamuela area.

The fund currently supports a comprehensive school improvement plan at Waimea Elementary School to improve curriculum, instruction and evaluation to achieve higher student performance; build a culture of and capacity for leadership among administration, faculty and staff to promote change throughout the school; and develop programs to encourage stronger community involvement.

The fund also provides grants to nonprofit organizations in the Waimea area for organizational capacity building. Organizational capacity building grants are intended to enhance a nonprofit’s ability to achieve its mission by improving the management or governance of the organization.