efile Public Visual Render
ObjectId: 201721319349102082 - Submission: 2017-05-11
TIN: 47-3862135
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Information about Form 990-PF and its instructions is at
www.irs.gov/form990pf
.
OMB No. 1545-0052
20
16
Open to Public Inspection
For calendar year 2016, or tax year beginning
01-01-2016
, and ending
12-31-2016
Name of foundation
THOMAS W SMITH FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)
2200 BUTTS ROAD NO 320
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOCA RATON
,
FL
33431
A Employer identification number
47-3862135
B
Telephone number (see instructions)
(561) 314-0800
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here .............
2.
Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year
(from Part II, col. (c),
line 16)
$
26,250,247
J
Accounting method:
Cash
Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)
Part I
Analysis of Revenue and Expenses
(The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)
(a)
Revenue and
expenses per
books
(b)
Net investment
income
(c)
Adjusted net
income
(d)
Disbursements
for charitable
purposes
(cash basis only)
1
Contributions, gifts, grants, etc., received (attach schedule)
21,971,500
2
Check
Sch. B
.............
3
Interest on savings and temporary cash investments
4
Dividends and interest from securities
...
61,779
61,779
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
-156,655
b
Gross sales price for all assets on line 6a
21,668,500
7
Capital gain net income (from Part IV, line 2)
...
13,484,943
8
Net short-term capital gain
.........
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
12
Total.
Add lines 1 through 11
........
21,876,624
13,546,722
13
Compensation of officers, directors, trustees, etc.
355,000
0
305,000
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
40,484
0
0
b
Accounting fees (attach schedule)
.......
11,193
0
0
c
Other professional fees (attach schedule)
....
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
111,808
0
0
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
1,202
0
0
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
43,523
0
32,500
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
563,210
0
337,500
25
Contributions, gifts, grants paid
.......
10,739,724
10,739,724
26
Total expenses and disbursements.
Add lines 24 and 25
11,302,934
0
11,077,224
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
10,573,690
b
Net investment income
(if negative, enter -0-)
13,546,722
c
Adjusted net income
(if negative, enter -0-)
...
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2016)
Page 2
Form 990-PF (2016)
Page
2
Part II
Balance Sheets
Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year
End of year
(a)
Book Value
(b)
Book Value
(c)
Fair Market Value
1
Cash—non-interest-bearing
.............
1,244
8,505,787
8,505,787
2
Savings and temporary cash investments
.........
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
7
Other notes and loans receivable (attach schedule)
Less: allowance for doubtful accounts
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
156,700
156,700
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
0
17,587,760
17,587,760
c
Investments—corporate bonds (attach schedule)
.......
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
1,244
26,250,247
26,250,247
17
Accounts payable and accrued expenses
..........
10,000
18
Grants payable
..................
19
Deferred revenue
.................
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
......
22
Other liabilities (describe
)
23
Total liabilities
(add lines 17 through 22)
.........
0
10,000
Foundations that follow SFAS 117, check here
and complete lines 24 through 26 and lines 30 and 31.
24
Unrestricted
..................
1,244
26,240,247
25
Temporarily restricted
...............
26
Permanently restricted
...............
Foundations that do not follow SFAS 117, check here
and complete lines 27 through 31.
27
Capital stock, trust principal, or current funds
........
28
Paid-in or capital surplus, or land, bldg., and equipment fund
29
Retained earnings, accumulated income, endowment, or other funds
30
Total net assets or fund balances
(see instructions)
.....
1,244
26,240,247
31
Total liabilities and net assets/fund balances
(see instructions)
.
1,244
26,250,247
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return)
...............
1
1,244
2
Enter amount from Part I, line 27a
.....................
2
10,573,690
3
Other increases not included in line 2 (itemize)
3
15,665,313
4
Add lines 1, 2, and 3
..........................
4
26,240,247
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30
.
6
26,240,247
Form
990-PF
(2016)
Page 3
Form 990-PF (2016)
Page
3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a)
List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a
50,000 SHS KEURIG GREEN MTN INC
2012-07-30
2016-01-28
b
50,000 SHS KEURIG GREEN MTN INC
2012-07-30
2016-03-03
c
2,800 SHS ALLIANCE DATA SYSTEMS CORPORAT CMN
2009-02-23
2016-09-07
d
100 SHS ALLIANCE DATA SYSTEMS CORPORAT CMN
2009-02-23
2016-09-07
e
100 SHS ALLIANCE DATA SYSTEMS CORPORAT CMN
2009-02-23
2016-09-07
39,860 SHS FLEETMATICS GROUP
2014-07-16
2016-09-27
10,140 SHS FLEETMATICS GROUP
2014-07-31
2016-09-27
100,000 SHS FLEETMATICS GROUP
2014-07-16
2016-11-10
50,000 SHS FLEETMATICS GROUP
2014-07-29
2016-11-10
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
4,454,973
903,790
3,551,183
b
4,600,000
903,790
3,696,210
c
576,591
83,809
492,782
d
20,591
2,993
17,598
e
20,581
2,993
17,588
2,387,765
1,272,635
1,115,130
607,999
321,733
286,266
6,000,000
3,127,876
2,872,124
3,000,000
1,563,938
1,436,062
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
3,551,183
b
3,696,210
c
492,782
d
17,598
e
17,588
1,115,130
286,266
2,872,124
1,436,062
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
13,484,943
3
Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8
...................
3
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
Yes
No
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1
Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in)
(b)
Adjusted qualifying distributions
(c)
Net value of noncharitable-use assets
(d)
Distribution ratio
(col. (b) divided by col. (c))
2015
9,354,436
8,501,489
1.100329
2014
8,243,740
5,973,450
1.380063
2013
7,966,692
7,016,824
1.135370
2012
5,793,137
6,436,078
0.900104
2011
5,002,602
7,708,054
0.649010
2
Total
of line 1, column (d)
.....................
2
5.164876
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by the number of years the foundation has been in existence if less than 5 years
......
3
1.032975
4
Enter the net value of noncharitable-use assets for 2016 from Part X, line 5
......
4
14,603,437
5
Multiply line 4 by line 3
......................
5
15,084,985
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
135,467
7
Add lines 5 and 6
........................
7
15,220,452
8
Enter qualifying distributions from Part XII, line 4
,.............
8
11,077,224
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form
990-PF
(2016)
Page 4
Form 990-PF (2016)
Page
4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
b
Domestic foundations that meet the section 4940(e) requirements in Part V, check
1
270,934
here
and enter 1% of Part I, line 27b
...................
c
All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
2
0
3
Add lines 1 and 2
...........................
3
270,934
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
0
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
270,934
6
Credits/Payments:
a
2016 estimated tax payments and 2015 overpayment credited to 2016
6a
270,000
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
d
Backup withholding erroneously withheld
...........
6d
7
Total credits and payments. Add lines 6a through 6d
..............
7
270,000
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
1
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
935
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
11
Enter the amount of line 10 to be:
Credited to 2017 estimated tax
Refunded
11
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
........
4a
No
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G?
If "No," attach explanation
.
8b
No
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2016 or the taxable year beginning in 2016 (see instructions for Part XIV)?
If "Yes," complete Part XIV
.............................
9
No
10
Did any persons become substantial contributors during the tax year?
If "Yes," attach a schedule listing their names
and addresses.
...............................
10
No
Form
990-PF
(2016)
Page 5
Form 990-PF (2016)
Page
5
Part VII-A
Statements Regarding Activities
(continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions)
.............
11
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement (see instructions)
.................
12
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
N/A
14
The books are in care of
THOMAS W SMITH FOUNDATION INC
Telephone no.
(561) 314-0804
Located at
2200 BUTTS ROAD SUITE 320
BOCA RATON
FL
ZIP+4
33431
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—Check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2016, did the foundation have an interest in or a signature or other authority over
Yes
No
a bank, securities, or other financial account in a foreign country?
16
No
See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1)
Engage in the sale or exchange, or leasing of property with a disqualified person?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
...............
Yes
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
.......
Yes
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)?
........
1b
Organizations relying on a current notice regarding disaster assistance check here
........
c
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2016?
.............
1c
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2016, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2016?
.............
Yes
No
If "Yes," list the years
20
,
20
,
20
,
20
b
Are there any years listed in 2a for which the foundation is
not
applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to
all
years listed, answer "No" and attach statement—see instructions.)
..............
2b
c
If the provisions of section 4942(a)(2) are being applied to
any
of the years listed in 2a, list the years here.
20
,
20
,
20
,
20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2016 as a result of
(1)
any purchase by the foundation
or disqualified persons after May 26, 1969;
(2)
the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or
(3)
the lapse of the 10-, 15-, or 20-year first phase holding period?
(Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2016.)
..................
3b
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2016?
4b
No
Form
990-PF
(2016)
Page 6
Form 990-PF (2016)
Page
6
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
(Continued)
5a
During the year did the foundation pay or incur any amount to:
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? (see instructions)
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
b
If any answer is "Yes" to 5a(1)–(5), did
any
of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)?
......
5b
No
Organizations relying on a current notice regarding disaster assistance check here
.........
c
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant?
..........
Yes
No
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract?
.....................
Yes
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
Yes
No
b
If yes, did the foundation receive any proceeds or have any net income attributable to the transaction?
....
7b
Form
990-PF
(2016)
Page 7
Form 990-PF (2016)
Page
7
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1
List all officers, directors, trustees, foundation managers and their compensation (see instructions).
(a)
Name and address
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(If not paid, enter
-0-)
(d)
Contributions to employee benefit plans and deferred compensation
(e)
Expense account,
other allowances
THOMAS W SMITH
PRESIDENT
0.50
0
0
0
2200 BUTTS ROAD SUITE 320
BOCA RATON
,
FL
33431
LORI SMITH CURLEY
TREASURER AND SECRETARY
0.50
50,000
0
0
2200 BUTTS ROAD SUITE 320
BOCA RATON
,
FL
33431
DIANE G SMITH
VICE PRESIDENT
0.00
0
0
0
2200 BUTTS ROAD SUITE 320
BOCA RATON
,
FL
33431
JAMES PIERESON
VICE PRESIDENT
0.50
200,000
0
0
140 EAST 45 ST STE 14D
NEW YORK
,
NY
10017
STEPHEN MOORE
TRUSTEE
0.25
105,000
0
0
6805 CANAL BRIDGE CT
POTOMAC
,
MD
20854
2
Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a)
Name and address of each employee paid more than $50,000
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(d)
Contributions to
employee benefit
plans and deferred
compensation
(e)
Expense account,
other allowances
NONE
Total
number of other employees paid over $50,000
...................
0
3
Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a)
Name and address of each person paid more than $50,000
(b)
Type of service
(c)
Compensation
JAMES PIERESON
CONSULTING
200,000
264 MILLARD AVENUE
SLEEPY HOLLOW
,
NY
10591
STEPHEN MOORE
CONSULTING
105,000
6805 CANAL BRIDGE CT
POTOMAC
,
MD
20854
Total
number of others receiving over $50,000 for professional services
.............
0
Part IX-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
Expenses
1
2
3
4
Part IX-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
0
Form
990-PF
(2016)
Page 8
Form 990-PF (2016)
Page
8
Part X
Minimum Investment Return
(All domestic foundations must complete this part. Foreign foundations,see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities
...................
1a
11,306,473
b
Average of monthly cash balances
.......................
1b
3,519,351
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
14,825,824
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
14,825,824
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
222,387
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
14,603,437
6
Minimum investment return.
Enter 5% of line 5
..................
6
730,172
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
730,172
2a
Tax on investment income for 2016 from Part VI, line 5
......
2a
270,934
b
Income tax for 2016. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
270,934
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
459,238
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
459,238
6
Deduction from distributable amount (see instructions)
.................
6
0
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
...
7
459,238
Part XII
Qualifying Distributions
(see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26
..........
1a
11,077,224
b
Program-related investments—total from Part IX-B
..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
11,077,224
5
Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
income. Enter 1% of Part I, line 27b (see instructions)
.................
5
0
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
11,077,224
Note:
The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.
Form
990-PF
(2016)
Page 9
Form 990-PF (2016)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2015
(c)
2015
(d)
2016
1
Distributable amount for 2016 from Part XI, line 7
459,238
2
Undistributed income, if any, as of the end of 2016:
a
Enter amount for 2015 only
.......
5
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2016:
a
From 2011
......
4,676,055
b
From 2012
......
5,538,087
c
From 2013
......
7,772,463
d
From 2014
......
8,091,015
e
From 2015
......
9,080,182
f
Total
of lines 3a through e
........
35,157,802
4
Qualifying distributions for 2016 from Part
XII, line 4:
$
11,077,224
a
Applied to 2015, but not more than line 2a
5
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
0
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2016 distributable amount
.....
459,238
e
Remaining amount distributed out of corpus
10,617,981
5
Excess distributions carryover applied to 2016.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
45,775,783
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
0
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
0
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
0
e
Undistributed income for 2015. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2016. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2017
..........
0
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
0
8
Excess distributions carryover from 2011 not
applied on line 5 or line 7 (see instructions)
...
4,676,055
9
Excess distributions carryover to 2017.
Subtract lines 7 and 8 from line 6a
......
41,099,728
10
Analysis of line 9:
a
Excess from 2012
....
5,538,087
b
Excess from 2013
....
7,772,463
c
Excess from 2014
....
8,091,015
d
Excess from 2015
....
9,080,182
e
Excess from 2016
....
10,617,981
Form
990-PF
(2016)
Page 10
Form 990-PF (2016)
Page
10
Part XIV
Private Operating Foundations
(see instructions and Part VII-A, question 9)
1a
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2016, enter the date of the ruling
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part X for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2016
(b)
2015
(c)
2014
(d)
2013
b
85% of line 2a
.........
c
Qualifying distributions from Part XII,
line 4 for each year listed
.....
d
Amounts included in line 2c not used directly
for active conduct of exempt activities
..........
e
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c
....
3
Complete 3a, b, or c for the
alternative test relied upon:
a
“Assets" alternative test—enter:
(1)
Value of all assets
......
(2)
Value of assets qualifying
under section 4942(j)(3)(B)(i)
b
“Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part X, line 6 for each year listed
...
c
“Support" alternative test—enter:
(1)
Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties)
....
(2)
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)
....
(3)
Largest amount of support
from an exempt organization
(4)
Gross investment income
Part XV
Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
THOMAS W SMITH
b
List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.
a
The name, address, and telephone number or email address of the person to whom applications should be addressed:
b
The form in which applications should be submitted and information and materials they should include:
c
Any submission deadlines:
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form
990-PF
(2016)
Page 11
Form 990-PF (2016)
Page
11
Part XV
Supplementary Information
(continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
ACADEMY ON CAPITALISM & LTD GOV'T
528 E GREEN ST SUITE 202
CHAMPAIGN
,
IL
61820
NONE
GROUP EXEMPTION LETT
EDUCATION
100,000
ACADEMY ON CAPITALISM & LTD GOV'T
528 E GREEN ST SUITE 202
CHAMPAIGN
,
IL
61820
NONE
GROUP EXEMPTION LETT
EDUCATION
25,000
AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH
1150 17TH STREET NW
WASHINGTON
,
DC
20036
NONE
501(C)3 PC
EDUCATION
150,000
ALEXANDER HAMILTON INSTITUTE
21 WEST PARK ROW
CLINTON
,
NY
13323
NONE
501(C)3 PC
EDUCATION
50,000
ALZHEIMER'S DRUG DISCOVERY FOUNDATION
57 W 57TH STREET SUITE 904
NEW YORK
,
NY
10019
NONE
501(C)3 PC
RESEARCH
150
AMERICAN TRANSPARENCY
200 S FRONTAGE RD STE 304
BURR RIDGE
,
IL
60527
NONE
501(C)3 PC
EDUCATION
50,000
AMERICAN TRANSPARENCY
200 S FRONTAGE RD STE 304
BURR RIDGE
,
IL
60527
NONE
501(C)3 PC
EDUCATION
200,000
AMERICAN TRANSPARENCY
200 S FRONTAGE RD STE 304
BURR RIDGE
,
IL
60527
NONE
501(C)3 PC
EDUCATION
25,000
AMERICAN TRANSPARENCY
200 S FRONTAGE RD STE 304
BURR RIDGE
,
IL
60527
NONE
501(C)3 PC
EDUCATION
50,000
ATLAS NETWORK
1201 L STREET NW 2ND FLOOR
WASHINGTON
,
DC
20005
NONE
501(C)3 PC
ECONOMIC RESEARCH
24,000
B&T CLUB HISTORIC BUILDING PRES FDTN
1170 S OCEAN BLVD
PALM BEACH
,
FL
33480
NONE
501(C)3 PC
HISTORICAL CONSERVATION
2,000
B&T CLUB HISTORIC BUILDING PRES FDTN
1170 S OCEAN BLVD
PALM BEACH
,
FL
33480
NONE
501(C)3 PC
HISTORICAL CONSERVATION
5,000
BETA THETA PI FOUNDATION
5134 BONHAM ROAD
OXFORD
,
OH
45056
NONE
501(C)3 PC
EDUCATION
1,000
BOSTON COLLEGE
140 COMMONWEALTH AVENUE
CHESTNUT HILL
,
MA
02467
NONE
501(C)3 PC
EDUCATION
92,000
BROWN UNIVERSITY
164 ANGELL STREET
PROVIDENCE
,
RI
02912
NONE
501(C)3 PC
EDUCATION
200,000
CALVIN COOLIDGE PRESIDENTIAL FOUNDATION
PO BOX 97
PLYMOUTH
,
VT
05056
NONE
501(C)3 PC
HISTORICAL PRESERVATION
120,000
CALVIN COOLIDGE PRESIDENTIAL FOUNDATION
PO BOX 97
PLYMOUTH
,
VT
05056
NONE
501(C)3 PC
HISTORICAL PRESERVATION
50,000
CARNEGIE HALL SOCIETY INC
881 SEVENTH AVENUE
NEW YORK
,
NY
10019
NONE
501(C)3 PC
ARTS
25,000
CATO INSTITUTE
1000 MASSACHUSETTS AVENUE NW
WASHINGTON
,
DC
20001
NONE
501(C)3 PC
PUBLIC POLICY
20,000
CHAPMAN UNIVERSITY
1 UNIVERSITY DRIVE
ORANGE
,
CA
92866
NONE
501(C)3 PC
EDUCATION
39,643
CHAPMAN UNIVERSITY
1 UNIVERSITY DRIVE
ORANGE
,
CA
92866
NONE
501(C)3 PC
EDUCATION
75,000
CHAPMAN UNIVERSITY
1 UNIVERSITY DRIVE
ORANGE
,
CA
92866
NONE
501(C)3 PC
EDUCATION
40,543
CHOP
100 PENN SQUARE EAST 8TH FLOOR STE
8050
PHILADELPHIA
,
PA
19102
NONE
501(C)3 PC
HEALTH
10,000
CHORUS OF WESTERLY
119 HIGH STREET
WESTERLY
,
RI
02891
NONE
501(C)3 PC
ARTS
250
CHRISTOPHER NEWPORT UNIVERSITY
1 UNIVERSITY PLACE
NEWPORT NEWS
,
VA
23606
NONE
501(C)3 PC
EDUCATION
125,000
CITIZENS AGAINST GOVERNMENTT WASTE
1301 PENNSYLVANIA AVENUE NW SUITE
1075
WASHINGTON
,
DC
20004
NONE
501(C)3 PC
PUBLIC POLICY
1,000
CITY COLLEGE 21ST CENTURY FOUNDATION
160 CONVENT AVENUE WINGATE HALL RM
112
NEW YORK
,
NY
10031
NONE
501(C)3 PC
EDUCATION
20,000
CITY LORE INC
56 E FIRST STREET
NEW YORK
,
NY
10013
NONE
501(C)3 PC
HISTOICAL CONSERVATION
50,000
CLEMSON UNIVERSITY FOUNDATION
PO BOX 1889
CLEMSON
,
SC
29633
NONE
501(C)3 PC
EDUCATION
165,000
CO2 COALITION
115 EAST 86TH STREET 92
NEW YORK
,
NY
10028
NONE
501(C)3 PC
ECOLOGY
50,000
COLLEGIATE NETWORK INC
3901 CENTERVILLE ROAD
WILMINGTON
,
DE
19807
NONE
501(C)3 PC
EDUCATION
150,000
DARTMOUTH COLLEGE
207 PARKHURST HALL
HANOVER
,
NH
03755
NONE
501(C)3 PC
EDUCATION
125,000
DONORS TRUST
1800 DIAGONAL ROAD
ALEXANDRIA
,
VA
22314
NONE
501(C)3 PC
PUBLIC POLICY
20,000
DONORS TRUST
1800 DIAGONAL ROAD
ALEXANDRIA
,
VA
22314
NONE
501(C)3 PC
PUBLIC POLICY
50,000
DUKE UNIVERSITY- V
CAMPUS BOX 90581
DURHAM
,
NC
27708
NONE
501(C)3 PC
EDUCATION
37,500
DUKE UNIVERSITY - VI
CAMPUS BOX 90581
DURHAM
,
NC
27708
NONE
501(C)3 PC
EDUCATION
125,000
ENCOUNTER BOOKS
900 BROADWAY SUITE 601
NEW YORK
,
NY
10003
NONE
501(C)3 PC
PUBLIC POLICY
150,000
ENVIRONMENTAL RESOURCE CENTER
PO BOX 819
KETCHUM
,
ID
83340
NONE
501(C)3 PC
COMMUNITY
1,000
ETHICS & PUBLIC POLICY CENTER
1730 M STREET NW STE 910
WASHINGTON
,
DC
20036
NONE
501(C)3 PC
EDUCATION
25,000
FDTN FOR INDIVIDUAL RIGHTS IN EDUCATION
510 WALNUT STREET STE 1250
PHILADELPHIA
,
PA
19106
NONE
501(C)3 PC
EDUCATION
75,000
FOUNDATION FOR CONSTITUTIONAL GOVE
350 WEST 42ND STREET SUITE 37C
NEW YORK
,
NY
10036
NONE
501(C)3 PC
PUBLIC POLICY
200,000
FOUNDATION TO RESTORE ACCOUNTABILITY
P O BOX 52351
TULSA
,
OK
74152
NONE
501(C)3 PC
PUBLIC POLICY
200,000
FREEDOM PARTNERS INSTITUTE
2300 WILSON BLVD STE 500
ARLINGTON
,
VA
22201
NONE
501(C)3 PC
PUBLIC POLICY
500,000
FRIENDS OF NATHANIEL WITHERELL
70 PASONAGE ROAD
GREENWICH
,
CT
06830
NONE
501(C)3 PC
COMMUNITY DEVELOPMENT
5,000
FURMAN UNIVERSITY
3300 POINSETT HIGHWAY
GREENSVILLE
,
SC
29613
NONE
501(C)3 PC
EDUCATION
50,000
GEORGE MASON UNIVERSITY FDTN
3301 NOTH FAIRFAX DRIVE
ARLINGTON
,
VA
22201
NONE
501(C)3 PC
EDUCATION
100,000
GEORGE MASON UNIVERSITY FDTN
3301 NOTH FAIRFAX DRIVE
ARLINGTON
,
VA
22201
NONE
501(C)3 PC
EDUCATION
100,000
GEORGETOWN UNIVERSITY
37TH AND O STREETS NW
WASHINGTON
,
DC
20057
NONE
501(C)3 PC
EDUCATION
100,000
GOLDWATER INSTITUTE
500 E CORONADA ROAD
PHOENIX
,
AZ
85004
NONE
501(C)3 PC
PUBLIC POLICY
50,000
GOVERNMENT ACCOUNTABILITY INSTITUTE
1414 PIEDMONT DRIVE E
TALLAHASSEE
,
FL
32308
NONE
501(C)3 PC
PUBLIC POLICY
150,000
GRADUATE SCHOOL FOUNDATION-CUNY
365 FIFTH AVENUE ROOM 6412
NEW YORK
,
NY
10016
NONE
501(C)3 PC
EDUCATION
250,000
GUREGHIAN CHARITABLE FOUNDATION
419 AVENUE OF THE STATES
CHESTER
,
PA
19013
NONE
501(C)3
EDUCATION
40,000
HIGHER GROUND SUN VALLEY
160 7TH STREET
KETCHUM
,
ID
83340
NONE
501(C)3 PC
COMMUNITY
24,750
HOSPITAL FOR SPECIAL SURGERY
535 EAST 70TH STREET
NEW YORK
,
NY
10021
NONE
501(C)3 PC
HEALTH
10,000
INSTITUTE FOR HUMANE STUDIES
3434 WASHINGSTON BLVD MS 1C5
ARLINGTON
,
VA
22201
NONE
501(C)3 PC
EDUCATION
50,000
INSTITUTE FOR HUMANE STUDIES
3434 WASHINGSTON BLVD MS 1C5
ARLINGTON
,
VA
22201
NONE
501(C)3 PC
EDUCATION
125,000
INSTITUTE FOR JUSTICE
901 BORTH GLEBE ROAD 990
ARLINGTON
,
VA
22203
NONE
501(C)3 PC
PUBLIC POLICY
100,000
INSTITUTE FOR JUSTICE
901 BORTH GLEBE ROAD 990
ARLINGTON
,
VA
22203
NONE
501(C)3 PC
PUBLIC POLICY
100,000
INVEST IN EDUCATION FOUNDATION INC
26 CENTURY HILL DRIVE 203
LATHAM
,
NY
12110
NONE
501(C)3 PC
EDUCATION
100,000
JACK MILLER CENTER
111 PRESIDENTIAL BLVD STE 146
BALA CYWNYD
,
PA
19004
NONE
501(C)3 PC
EDUCATION
100,000
JOHN LOCKE FOUNDATION
200 WEST MORGAN STREET STE 200
RALEIGH
,
NC
27601
NONE
501(C)3 PC
EDUCATION
34,500
JOHNS HOPKINS UNIVERSITY
356 MERGENTHALER HALL 3400 N CHALES
STREET
BALTIMORE
,
MD
21218
NONE
501(C)3 PC
EDUCATION
15,000
JUDICIAL WATCH
425 THIRD STREET SW STE 800
WASHINGTON
,
DC
20024
NONE
501(C)3 PC
PUBLIC POLICY
25,000
JUVENILE DIABETES FOUND
26 BROADWAY 14TH FLOOR
NEW YORK
,
NY
10004
NONE
501(C)3 PC
HEALTH
1,000
KENYON COLLEGE
101 SCOTT LANE
GAMBIER
,
OH
43022
NONE
501(C)3 PC
EDUCATION
250,000
LEE PESKY LEARNING CENTER
3324 ELDER STREET
BOISE
,
ID
83705
NONE
501(C)3 PC
EDUCATION
1,000
LINCOLN CENTER FOR THE PERFORMING ARTS INC
10 LINCOLN CENTER PLAZA
NEW YORK
,
NY
10023
NONE
501(C)3 PC
ARTS
5,520
MANHATTAN INSTITUTE
52 VANDERBILT AVENUE
NEW YORK
,
NY
10017
NONE
501(C)3 PC
PUBLIC POLICY
150,000
MANHATTAN INSTITUTE
52 VANDERBILT AVENUE
NEW YORK
,
NY
10017
NONE
501(C)3 PC
PUBLIC POLICY
300,000
MANHATTAN INSTITUTE
52 VANDERBILT AVENUE
NEW YORK
,
NY
10017
NONE
501(C)3 PC
EDUCATION
75,000
MANHATTAN INSTITUTE
52 VANDERBILT AVENUE
NEW YORK
,
NY
10017
NONE
501(C)3 PC
EDUCATION
200,000
MANHATTAN INSTITUTE
52 VANDERBILT AVENUE
NEW YORK
,
NY
10017
NONE
501(C)3 PC
EDUCATION
50,000
MANHATTAN INSTITUTE
52 VANDERBILT AVENUE
NEW YORK
,
NY
10017
NONE
501(C)3 PC
EDUCATION
122,186
MANHATTAN INSTITUTE
52 VANDERBILT AVENUE
NEW YORK
,
NY
10017
NONE
501(C)3 PC
EDUCATION
57,000
MANHATTAN INSTITUTE
52 VANDERBILT AVENUE
NEW YORK
,
NY
10017
NONE
501(C)3 PC
EDUCATION
100,000
MASSACHUSETTS INSTITUTE OF TECHNOL
77 MASSACHUSETTS AVE
CAMBRIDGE
,
MA
02139
NONE
501(C)3 PC
EDUCATION
25,000
MASSACHUSETTS INSTITUTE OF TECHNOL
77 MASSACHUSETTS AVE
CAMBRIDGE
,
MA
02139
NONE
501(C)3 PC
EDUCATION
25,000
MEDIA RESEARCH CENTER INC
1900 CAMPUS COMMONS DRIVE 6TH FLOOR
RESTON
,
VA
20191
NONE
501(C)3 PC
MEDIA POLICY
10,000
MIAMI UNIVERSITY
218 HARRISON HALL 349 E HIGH STREET
OXFORD
,
OH
45056
NONE
501(C)3 PC
EDUCATION
465,000
MIAMI UNIVERSITY FOUNDATION
725 EAST CHESTNUT STREET
OXFORD
,
OH
45056
NONE
501(C)3 PC
EDUCATION
200,000
MIAMI UNIVERSITY FOUNDATION
725 EAST CHESTNUT STREET
OXFORD
,
OH
45056
NONE
501(C)3 PC
EDUCATION
5,000
MUSEUM OF MODERN ART
11 W 53RD STREET
NEW YORK
,
NY
10019
NONE
501(C)3 PC
ARTS
986
NATIONAL REVIEW INSTITUTE
215 LEXINGTON AVENUE 11TH FLOOR
NEW YORK
,
NY
10016
NONE
501(C)3 PC
PUBLIC POLICY
50,000
NATIONAL REVIEW INSTITUTE
215 LEXINGTON AVENUE 11TH FLOOR
NEW YORK
,
NY
10016
NONE
501(C)3 PC
EDUCATION
60,000
NEW ENGLAND BAPTIST HOSPITAL
125 PARKER HILL AVENUE
BOSTON
,
MA
02120
NONE
501(C)3 PC
HEALTH
15,000
NEW YORK HISTORICAL SOCIETY
170 CENTRAL PARK WEST
NEW YORK
,
NY
10024
NONE
501(C)3 PC
ARTS
11,300
NEW YORK PHILHARMONIC
10 LINCOLN CENTER PLAZA
NEW YORK
,
NY
10023
NONE
501(C)3 PC
ARTS
1,500
NEW YORK PHILHARMONIC
10 LINCOLN CENTER PLAZA
NEW YORK
,
NY
10023
NONE
501(C)3 PC
ARTS
14,131
NEW YORK UNIVERSITY
14A WASHINGTON MEWS
NEW YORK
,
NY
10003
NONE
501(C)3 PC
EDUCATION
11,600
NEW YORK UNIVERSITY
14A WASHINGTON MEWS
NEW YORK
,
NY
10003
NONE
501(C)3 PC
EDUCATION
50,000
NEW YORK UNIVERSITY
14A WASHINGTON MEWS
NEW YORK
,
NY
10003
NONE
501(C)3 PC
EDUCATION
103,000
NEW YORK UNIVERSITY
14A WASHINGTON MEWS
NEW YORK
,
NY
10003
NONE
501(C)3 PC
EDUCATION
100,000
NYU LANGONE MEDICAL CENTER
530 FIRST AVENUE HCC SUITE 6D
NEW YORK
,
NY
10016
NONE
501(C)3 PC
HEALTH
20,000
OPERA ON TAP
320 STRATFORD ROAD
BROOKLYN
,
NY
11218
NONE
501(C)3 PC
ARTS
5,000
PACIFIC RESEARCH INSTITUTE
101 MONTGOMERY STREET SUITE 1300
SAN FRANCISCO
,
CA
94104
NONE
501(C)3 PC
EDUCATION
150,000
PATRICIA BLANCO ANIMAL FOUNDATION
1728 17TH WAY
WEST PALM BEACH
,
FL
33407
NONE
501(C)3 PC
COMMUNITY DEVELOPMENT
100
PEGGY ADAMS ANIMAL RESCUE LEAGUE
3200 N MILITARY TRAIL
WEST PALM BEACH
,
FL
33049
NONE
501(C)3 PC
COMMUNITY
500
POPE CENTER FOR HIGHER EDUCATION POLICY
353 E SIX FORKS ROAD STE 200
RALEIGH
,
NC
27609
NONE
501(C)3 PC
EDUCATION
30,000
PRATT INSTITUTE LEGENDS
200 WILLOUGHBY AVENUE
BROOKLYN
,
NY
11205
NONE
501(C)3 PC
EDUCATION
50,000
PROPERTY & ENVIRONMENTAL RESEARCH
2048 ANALYSIS DRIVE SUITE A
BOZEMAN
,
MT
59718
NONE
501(C)3 PC
ECOLOGY
100,000
PURDUE UNIVERSITY
ROOM 200 610 PURDUE MALL
WEST LAFAYETTE
,
IN
47907
NONE
501(C)3 PC
EDUCATION
145,000
REAGAN FOUNDATION
40 PRESIDENTIAL DRIVE
SIMI VALLEY
,
CA
93065
NONE
501(C)3 PC
HISTORICAL CONSERVATION
300
REAL CLEAR FOUNDATION
1747 PENNSYLVANIA AVE NW STE 1000
WASHINGTON
,
DC
20006
NONE
501(C)3 PC
EDUCATION
100,000
RHODES COLLEGE
2000 NORTH PARKWAY
MEMPHIS
,
TN
38112
NONE
501(C)3 PC
EDUCATION
75,000
ROMAN CATHOLIC HIGH SCHOOL
301 NORTH BROAD STREET
PHILADELPHIA
,
PA
19107
NONE
501(C)3 PC
COMMUNITY DEVELOPMENT
14,815
SALT MARSH OPERA COMPANY
65 CUTLER STREET
STONINGTON
,
CT
06378
NONE
501(C)3 PC
ARTS
500
SOCRATES SCULPTURE PARK INC
32-01 VERNON BLVD
LONG ISLAND CITY
,
NY
11106
NONE
501(C)3 PC
ARTS
40,000
STATE POLICY NETWORK
1655 N FORT MYER DRIVE SUITE 360
ARLINGTON
,
VA
22209
NONE
501(C)3 PC
PUBLIC POLICY
75,000
STONINGTON LAND TRUST
PO BOX 812
STONINGTON
,
CT
06378
NONE
501(C)3 PC
ECOLOGY
1,000
STORM KING ART CENTER
1 MUSEUM ROAD
NEW WINDSOR
,
NY
12553
NONE
501(C)3 PC
ARTS
10,000
STUDENT FREE PRESS ASSOCIATION
4771 MECHANIC ROAD
HILLSDALE
,
MI
49242
NONE
501(C)3 PC
EDUCATION
25,000
STUDENT FREE PRESS ASSOCIATION
4771 MECHANIC ROAD
HILLSDALE
,
MI
49242
NONE
501(C)3 PC
EDUCATION
25,000
SUN VALLEY CENTER
P O BOX 656
SUN VALLEY
,
ID
83353
NONE
501(C)3 PC
ARTS
750
SUN VALLEY SKI EDUCATION FOUNDATION
P O BOX 203
SUN VALLEY
,
ID
83353
NONE
501(C)3 PC
COMMUNITY DEVELOPMENT
500
SUN VALLEY SUMMER SYMPHONY
P O BOX 656
SUN VALLEY
,
ID
83353
NONE
501(C)3 PC
ARTS
8,900
SUN VALLEY WRITERS CONFERENCE
P O BOX 656
SUN VALLEY
,
ID
83353
NONE
501(C)3 PC
ARTS
11,200
TAX FOUNDATION
1325 G STREET NW STE 950
WASHINGTON
,
DC
20005
NONE
501(C)3 PC
PUBLIC POLICY
30,000
TEXAS TECH FOUNDATION
BOX 41017 - MCCLELLAN HALL
LUBBOCK
,
TX
79409
NONE
501(C)3 PC
EDUCATION
25,000
THE EMILY CATHERINE FEDORKO FOUNDATION
P O BOX 72
COS COB
,
CT
06807
NONE
501(C)3 PC
EDUCATION
2,000
THE FEDERALIST SOCIETY
1776 I STREET NW STE 300
WASHINGTON
,
DC
20036
NONE
501(C)3 PC
EDUCATION
110,000
THE FOUNDATION FOR CULTURAL REVIEW
900 BROADWAY SUITE 602
NEW YORK
,
NY
10003
NONE
501(C)3 PC
PUBLIC POLICY
10,000
THE FOUNDATION FOR CULTURAL REVIEW
900 BROADWAY SUITE 602
NEW YORK
,
NY
10003
NONE
501(C)3 PC
PUBLIC POLICY
100,000
THE HERITAGE FOUNDATION
214 MASSACHUSETTS AVENUE NE
WASHINGTON
,
DC
20002
NONE
501(C)3 PC
EDUCATION
100,000
THE KING'S COLLEGE
56 BROADWAY
NEW YORK
,
NY
10004
NONE
501(C)3 PC
EDUCATION
100,000
THE MERCATUS CENTER
3351 N FAIRFAX DRIVE 4TH F
ARLINGTON
,
VA
22201
NONE
501(C)3 PC
EDUCATION
150,000
THE NEW CRITERION
900 BROADWAY
NEW YORK
,
NY
10003
NONE
501(C)3 PC
PUBLIC POLICY
15,000
THE RONALD REAGAN PRESIDENTIAL LIBRARY
PO BOX 5020
SIMI VALLEY
,
CA
93062
NONE
501(C)3 PC
HISTORICAL PRESERVATION
300
THE RYAN FOUNDATION
805 BROWER ROAD
ROAD WAYNE
,
PA
19087
NONE
501(C)3 PC
EDUCATION
100,000
THE WILLIAM F BUCKLEY JR PROGRAM
111 WHITNEY AVENUE
NEW HAVEN
,
CT
06510
NONE
501(C)3 PC
EDUCATION
50,000
TOWN OF PALM BEACH UNITED WAY
44 COCOANUT ROW M201
PALM BEACH
,
FL
33480
NONE
501(C)3 PC
COMMUNITY
1,000
TRUSTEES OF PRINCETON UNIVERSITY
83 PROSPECT AVENUE
PRINCETON
,
NJ
08540
NONE
501(C)3 PC
EDUCATION
150,000
TURNING POINT USA
217 1/2 ILLINOIS STREET
LEMONT
,
IL
60439
NONE
501(C)3 PC
PUBLIC POLICY
100,000
US NAVY MEMORIAL
PO BOX 96570
WASHINGTON
,
DC
20090
NONE
501(C)3 PC
COMMUNITY DEVELOPMENT
200
UNIVERSITY OF CALIFORNIA - LAW SCHOOL
385 CHARLES E YOUNG DRIVE EAST 1242
LAW BUILDING
LOS ANGELES
,
CA
90095
NONE
501(C)3 PC
EDUCATION
275,000
UNIVERSITY OF CHICAGO
1126 EAST 59TH STREET
CHICAGO
,
IL
60637
NONE
501(C)3 PC
EDUCATION
100,000
UNIVERSITY OF MONTANA
32 CAMPUS DRIVE
MISSOULA
,
MO
59812
NONE
501(C)3 PC
EDUCATION
50,000
UNIVERSITY OF NOTRE DAME
217 OSHAUGHNESSY HALL
NOTRE DAME
,
IN
46656
NONE
501(C)3 PC
EDUCATION
100,000
UNIVERSITY OF RICHMOND
28 WESTHAMPTON WAY
UNIVERSITY OF RICHMOND
,
VA
23173
NONE
501(C)3 PC
EDUCATION
100,000
UNIVERSITY OF TEXAS
110 INNER CAMPUS DR
AUSTIN
,
TX
78712
NONE
501(C)3 PC
EDUCATION
100,000
UNIVERSITY OF VIRGINIA
PO BOX 400787
CHARLOTTESVILLE
,
VA
22904
NONE
501(C)3 PC
EDUCATION
100,000
UTAH STATE UNIVERSITY
3500 OLD MAIN HALL
LOGAN
,
UT
84322
NONE
501(C)3 PC
EDUCATION
80,000
WAKE FOREST UNIVERSITY
1834 WAKE FOREST ROAD
WINTONSALEM
,
NC
27106
NONE
501(C)3 PC
EDUCATION
200,000
WAKE FOREST UNIVERSITY
1834 WAKE FOREST ROAD
WINTONSALEM
,
NC
27106
NONE
501(C)3 PC
EDUCATION
120,000
WATCH HILL LIBRARYIMPROVEMNT
PO BOX 1451
WESTERLY
,
RI
02891
NONE
501(C)3 PC
COMMUNITY DEVELOPMENT
100
WELLESLEY COLLEGE
106 CENTRAL STREET
WELLESLEY
,
MA
02481
NONE
501(C)3 PC
EDUCATION
105,000
WESTERLY HOSPITAL FOUNDATION INC
26 WELLS STREET
WESTERLY
,
RI
02481
NONE
501(C)3
HEALTH
5,000
WESTERLY REVOLVING FUND INC
43 BROAD STREET STE 300 POBOX 112
WESTERLY
,
RI
02891
NONE
501(C)3
HISTORICAL CONSERVATION
10,000
YANKEE INSTITUTE FOR PUBLIC POLICY
2016 MAIN STREET
HARFORD
,
CT
06106
NONE
501(C)3
PUBLIC POLICY
50,000
Total
.................................
3a
10,739,724
b
Approved for future payment
Total
.................................
3b
0
Form
990-PF
(2016)
Page 12
Form 990-PF (2016)
Page
12
Part XVI-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash investments
...........
4
Dividends and interest from securities
....
14
61,779
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
8
Gain or (loss) from sales of assets other than inventory
............
18
-156,655
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
b
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
0
-94,876
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
-94,876
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form
990-PF
(2016)
Page 13
Form 990-PF (2016)
Page
13
Part XVII
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1)
Cash
...................................
1a(1)
No
(2)
Other assets
.................................
1a(2)
No
b
Other transactions:
(1)
Sales of assets to a noncharitable exempt organization
....................
1b(1)
No
(2)
Purchases of assets from a noncharitable exempt organization
..................
1b(2)
No
(3)
Rental of facilities, equipment, or other assets
.......................
1b(3)
No
(4)
Reimbursement arrangements
...........................
1b(4)
No
(5)
Loans or loan guarantees
.............................
1b(5)
No
(6)
Performance of services or membership or fundraising solicitations
................
1b(6)
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
..............
1c
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column
(b)
should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column
(d)
the value of the goods, other assets, or services received.
(a)
Line No.
(b)
Amount involved
(c)
Name of noncharitable exempt organization
(d)
Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?
...........
Yes
No
b
If "Yes," complete the following schedule.
(a)
Name of organization
(b)
Type of organization
(c)
Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
2017-05-11
May the IRS discuss this return
with the preparer shown below
(see instr.)?
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
ANTHONY DATTOMA
Preparer's Signature
Date
Check if self-
employed
PTIN
P00237982
Firm's name
GRASSI & CO CPA'S PC
Firm's EIN
11-3266576
Firm's address
488 MADISON AVENUE
NEW YORK
,
NY
10022
Phone no.
(212) 661-6166
Form
990-PF
(2016)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description