efile Public Visual Render
ObjectId: 202111319349101836 - Submission: 2021-05-11
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.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
20
Open to Public Inspection
For calendar year 2020, or tax year beginning
01-01-2020
, and ending
12-31-2020
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)
$
32,658,745
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)
12,676,500
2
Check
.............
3
Interest on savings and temporary cash investments
4
Dividends and interest from securities
...
29,618
29,618
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
328,395
b
Gross sales price for all assets on line 6a
11,772,138
7
Capital gain net income (from Part IV, line 2)
...
9,512,786
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
........
13,034,513
9,542,404
0
13
Compensation of officers, directors, trustees, etc.
435,000
37,500
0
397,500
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
19,253
9,627
0
9,626
b
Accounting fees (attach schedule)
.......
20,525
10,263
0
10,262
c
Other professional fees (attach schedule)
....
150,000
0
0
150,000
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
125,000
0
0
0
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
13,050
0
0
13,050
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
762,828
57,390
0
580,438
25
Contributions, gifts, grants paid
.......
13,846,937
13,846,937
26
Total expenses and disbursements.
Add lines 24 and 25
14,609,765
57,390
0
14,427,375
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-1,575,252
b
Net investment income
(if negative, enter -0-)
9,485,014
c
Adjusted net income
(if negative, enter -0-)
...
0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2020)
Page 2
Form 990-PF (2020)
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
.............
5,229,967
2,431,359
2,431,359
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
..........
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
19,688,298
30,227,386
30,227,386
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
)
9,401
0
0
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
24,927,666
32,658,745
32,658,745
17
Accounts payable and accrued expenses
..........
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
0
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
24,927,666
32,658,745
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
29
Total net assets or fund balances
(see instructions)
.....
24,927,666
32,658,745
30
Total liabilities and net assets/fund balances
(see instructions)
.
24,927,666
32,658,745
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 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
24,927,666
2
Enter amount from Part I, line 27a
.....................
2
-1,575,252
3
Other increases not included in line 2 (itemize)
3
9,306,331
4
Add lines 1, 2, and 3
..........................
4
32,658,745
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 29
.
6
32,658,745
Form
990-PF
(2020)
Page 3
Form 990-PF (2020)
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
30,000 SHS COPART INC
D
1998-08-24
2020-11-09
b
30,000 SHS COPART INC
D
1998-08-24
2020-08-25
c
15,102 SHS COPART INC
D
1998-08-24
2020-03-02
d
34,898 SHS COPART INC
D
1998-08-24
2020-03-02
e
20,000 SHS NU SKIN ENTERPRISES INC.
D
2018-09-10
2020-03-10
16,000 SHS NU SKIN ENTERPRISES INC.
D
2015-11-20
2020-03-10
(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
3,693,320
30,375
3,662,945
b
3,058,192
30,375
3,027,817
c
1,271,831
15,625
1,256,206
d
2,938,971
35,334
2,903,637
e
449,902
1,600,214
-1,150,312
359,922
547,429
-187,507
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
3,662,945
b
3,027,817
c
1,256,206
d
2,903,637
e
-1,150,312
-187,507
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
9,512,786
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
0
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1
Reserved
(a)
Reserved
(b)
Reserved
(c)
Reserved
(d)
Reserved
2
Reserved
...........................
2
3
Reserved
...........................
3
4
Reserved
...........................
4
5
Reserved
...........................
5
6
Reserved
...........................
6
7
Reserved
...........................
7
8
Reserved
,..........................
8
Form
990-PF
(2020)
Page 4
Form 990-PF (2020)
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
Reserved
................................
1
131,842
c
All other domestic foundations enter 1.39% 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
131,842
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
131,842
6
Credits/Payments:
a
2020 estimated tax payments and 2019 overpayment credited to 2020
6a
136,282
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
0
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
136,282
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
0
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
4,440
11
Enter the amount of line 10 to be:
Credited to 2021 estimated tax
4,440
Refunded
11
0
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)
DE
,
FL
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
Yes
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 2020 or the taxable year beginning in 2020? See the 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
(2020)
Page 5
Form 990-PF (2020)
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) 314-0800
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 2020, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. 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
No
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 2020?
.............
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 2020, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2020?
.............
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 2020 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 2020.)
..................
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 2020?
4b
No
Form
990-PF
(2020)
Page 6
Form 990-PF (2020)
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:
Yes
No
(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
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
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.................
Yes
No
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 & CHAIRMAN
15.00
0
0
0
2200 BUTTS ROAD SUITE 320
BOCA RATON
,
FL
33431
LORI SMITH CURLEY
TRUSTEE
15.00
75,000
0
0
2200 BUTTS ROAD SUITE 320
BOCA RATON
,
FL
33431
DIANE G SMITH
VICE PRESIDENT, TRUSTEE
1.00
0
0
0
2200 BUTTS ROAD SUITE 320
BOCA RATON
,
FL
33431
JAMES PIERESON
TRUSTEE/DIRECTOR
25.00
350,000
0
0
2200 BUTTS ROAD SUITE 320
BOCA RATON
,
FL
33431
VICTORIA MCKENZIE
TRUSTEE
1.00
5,000
0
0
2200 BUTTS ROAD SUITE 320
BOCA RATON
,
FL
33431
THOMAS MCWILLIAMS
TRUSTEE
1.00
0
0
0
2200 BUTTS ROAD SUITE 320
BOCA RATON
,
FL
33431
RANDALL GIBERD
TRUSTEE
3.00
5,000
0
0
2200 BUTTS ROAD SUITE 320
BOCA RATON
,
FL
33431
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
Form
990-PF
(2020)
Page 7
Form 990-PF (2020)
Page
7
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
(continued)
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
STEPHEN MOORE
CONSULTING
100,000
2200 BUTTS ROAD SUITE 320
BOCA RATON
,
FL
33431
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
(2020)
Page 8
Form 990-PF (2020)
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
28,060,579
b
Average of monthly cash balances
.......................
1b
4,497,041
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
32,557,620
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
32,557,620
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
488,364
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
32,069,256
6
Minimum investment return.
Enter 5% of line 5
..................
6
1,603,463
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
1,603,463
2a
Tax on investment income for 2020 from Part VI, line 5
......
2a
131,842
b
Income tax for 2020. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
131,842
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
1,471,621
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
1,471,621
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
1,471,621
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
14,427,375
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
14,427,375
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
14,427,375
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
(2020)
Page 9
Form 990-PF (2020)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2019
(c)
2019
(d)
2020
1
Distributable amount for 2020 from Part XI, line 7
1,471,621
2
Undistributed income, if any, as of the end of 2020:
a
Enter amount for 2019 only
.......
0
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2020:
a
From 2015
......
b
From 2016
......
10,002,178
c
From 2017
......
12,748,037
d
From 2018
......
13,289,463
e
From 2019
......
13,477,586
f
Total
of lines 3a through e
........
49,517,264
4
Qualifying distributions for 2020 from Part
XII, line 4:
$
14,427,375
a
Applied to 2019, but not more than line 2a
0
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 2020 distributable amount
.....
1,471,621
e
Remaining amount distributed out of corpus
12,955,754
5
Excess distributions carryover applied to 2020.
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
62,473,018
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 2019. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2021. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
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)
.......
12,676,500
8
Excess distributions carryover from 2015 not
applied on line 5 or line 7 (see instructions)
...
0
9
Excess distributions carryover to 2021.
Subtract lines 7 and 8 from line 6a
......
49,796,518
10
Analysis of line 9:
a
Excess from 2016
....
b
Excess from 2017
....
10,073,715
c
Excess from 2018
....
13,289,463
d
Excess from 2019
....
13,477,586
e
Excess from 2020
....
12,955,754
Form
990-PF
(2020)
Page 10
Form 990-PF (2020)
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 2020, 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)
2020
(b)
2019
(c)
2018
(d)
2017
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 foundation 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. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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
(2020)
Page 11
Form 990-PF (2020)
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
ABIGAIL ADAMS INSTITUTE
14 ARROW STREET SUITE G10
CAMBRIDGE
,
MA
02138
NONE
PC
EDUCATION
75,000
AEI
1150 SEVENTEENTH STREET NW
WASHINGTON
,
DC
200364670
NONE
PC
PUBLIC POLICY
275,000
ALEXANDER HAMILTON INSTITUTE
21 PARK ROW
CLINTON
,
NY
13323
NONE
PC
EDUCATION
50,000
AMERICAN IDEAS INSTITUTE
910 17TH ST NW STE 312
WASHINGTON
,
DC
20006
NONE
PC
PUBLIC POLICY
15,000
AMERICAN INSTITUTE FOR ECONOMIC RESEARCH INC
250 DIVISION ST
GREAT BARRINGTON
,
MA
01230
NONE
PC
PUBLIC POLICY
50,000
AMERICAN LEGISLATIVE EXCHANGE COUNCIL
2900 CRYSTAL DRIVE 6TH FLOOR
ARLINGTON
,
VA
22202
NONE
PC
PUBLIC POLICY
150,000
AMERICAN SPECTATOR FOUNDATION
122 S ROYAL STREET
ALEXANDRIA
,
VA
22314
NONE
PC
PUBLIC POLICY
50,000
AMERICAN TRANSPARENCY
200 S FRONTAGE ROAD SUITE 106
BURR RIDGE
,
IL
60527
NONE
PC
EDUCATION
330,000
AMERICAN WATCHDOGS INC
7060 ILLINOIS HIGHWAY 1
PARIS
,
IL
61944
NONE
PC
PUBLIC POLICY
150,000
ANIMAL SHELTER OF THE WOOD RIVER VALLEY
100 CROY CREEK ROAD PO BOX 1496
HAILEY
,
ID
83333
NONE
PC
COMMUNITY
1,000
ARIZONA STATE UNIVERSITY
951 S CADY MALL - SOCIAL SCIENCES
SUITE 107
TEMPE
,
AZ
85287
NONE
PC
EDUCATION
150,000
ASSOC OF PRIVATE ENTERPRISE EDUCATION
TEXAS TECH UNIVERSITY PO BOX 45059
LUBBOCK
,
TX
794095059
NONE
PC
PUBLIC POLICY
40,000
ASSUMPTION COLLEGE
500 SALISBURY STREET
WORCESTER
,
MA
016091296
NONE
PC
EDUCATION
35,000
ATLAS NETWORK
TWO LIBERTY CENTER
ARLINGTON
,
VA
22203
NONE
PC
ECONOMIC RESEARCH
200,000
AVONDALE CHAPEL FUND
CENTRAL BAPTIST CHURCH - 16 ELM
STREET
WESTERLY
,
RI
02891
NONE
PC
COMMUNITY
300
B&T CLUB HISTORIC BUILDING PRES FDTN
1170 S OCEAN BLVD
PALM BEACH
,
FL
33407
NONE
PC
COMMUNITY
5,000
BALLET SUN VALLEY
PO BOX 555
SUN VALLEY
,
ID
833530555
NONE
PC
ARTS
25,000
BETA THETA PI FOUNDATION
5134 BONHAM ROAD
OXFORD
,
OH
45056
NONE
PC
EDUCATION
3,000
BLEXIT FOUNDATION
17TH STREET NW SUITE 810
WASHINGTON
,
DC
20006
NONE
PC
COMMUNITY
100,000
BOSTON COLLEGE
140 COMMONWEALTH AVE MCGUINN HALL
ROOM 200
CHESTNUT HILL
,
MA
02467
NONE
PC
EDUCATION
21,600
BOYS & GIRLS CLUB OF PALM BEACH COUNTY
800 NORTHPOINT PARKWAY SUITE 204
WEST PALM BEACH
,
FL
33407
NONE
PC
COMMUNITY
6,000
BROWN UNIVERSITY
BOX 1860
PROVIDENCE
,
RI
02912
NONE
PC
EDUCATION
125,000
CALVIN COOLIDGE MEMORIAL FOUNDATION
PO BOX 97
PLYMOUTH
,
VT
05056
NONE
PC
EDUCATION
145,000
CARINGBRIDGE
PO BOX 6032
ALBERT LEA
,
MN
560079854
NONE
PC
HEALTH
200
CARNEGIE HALL SOCIETY
881 SEVENTH AVENUE
NEW YORK
,
NY
100193210
NONE
PC
ARTS
25,000
CATO INSTITUTE
1000 MASSACHUSETTS AVENUE NW
WASHINGTON
,
DC
20001
NONE
PC
PUBLIC POLICY
20,000
CENTER FOR AMERICAN GREATNESS
3104 E CAMELBACK ROAD SUITE 907
PHOENIX
,
AZ
85018
NONE
PC
PUBLIC POLICY
100,000
CENTER FOR FAMILY SVCS OF PBC
4101 PARKER AVENUE WEST
WEST PALM BEACH
,
FL
33405
NONE
PC
COMMUNITY
50,000
CHAPMAN UNIVERSITY
ONE UNIVERSITY DRIVE
ORANGE
,
CA
92866
NONE
PC
EDUCATION
26,756
CHORUS OF WESTERLY-SUMMER POPS
NORTH ACADEMIC CENTER ROOM 4/126
CITY COLLEGE OF NY
NEW YORK
,
NY
10031
NONE
PC
ARTS
250
CITY COLLEGE 21ST CENTURY FOUNDATION
THE CITY COLLEGE OF NY 160 CONVENT
AVENUE
NEW YORK
,
NY
10031
NONE
PC
EDUCATION
175,000
CLAREMONT INSTITUTE
1317 W FOOTHILL BLVD SUITE 120
UPLAND
,
CA
91786
NONE
PC
PUBLIC POLICY
100,000
CLEMSON UNIVERSITY
329 SIRRINE HALL - CLEMSON INST FOR
THE STUDY OF CAPITALISM
CLEMSON
,
SC
29634
NONE
PC
EDUCATION
235,000
CO2 COALITION
1621 N KENT STREET SUITE 603
ARLINGTON
,
VA
22209
NONE
PC
ECOLOGY
100,000
COMMITTEE TO UNLEASH PROSPERITY
301 TAHMORE DRIVE
FAIRFIELD
,
CT
06825
NONE
PC
EDUCATION
50,000
COMPETITIVE ENTERPRISE INST
1310 L STREET NW 7TH FLOOR
WASHINGTON
,
DC
20005
NONE
PC
PUBLIC POLICY
100,000
CTR FOR STATE-LED NAT'L DEBT SOLUTIONS
4101 PARKER AVENUE
WEST PALM BEACH
,
FL
33405
NONE
PC
PUBLIC POLICY
25,000
DAILY CALLER NEWS FOUNDATION
1920 L STREET NW SUITE 205
WASHINGTON
,
DC
20036
NONE
PC
PUBLIC POLICY
100,000
DARTMOUTH COLLEGE
DEPT OF ECONOMICS - HB 6106
HANOVER
,
NH
03755
NONE
PC
EDUCATION
125,000
DISCOVERY INSTITUTE
208 COLUMBIA STREET
SEATTLE
,
WA
98104
NONE
PC
PUBLIC POLICY
150,000
DONORSTRUST
1800 DIAGONAL ROAD SUITE 280
ALEXANDRIA
,
VA
22314
NONE
PC
PUBLIC POLICY
400,000
DUKE UNIVERSITY
BOX 90097
DURHAM
,
NC
277080097
NONE
PC
EDUCATION
125,000
EAST BEACH ASSOCIATION
PO BOX 1055
WATCH HILL
,
RI
02891
NONE
PC
COMMUNITY
300
EMILY CATHERINE FEDORKO FOUNDATION
PO BOX 72
COS COB
,
CT
06807
NONE
PC
EDUCATION
500
ENCOUNTER FOR CULTURE AND EDUCATION INC
900 BROADWAY SUITE 601
NEW YORK
,
NY
100031239
NONE
PC
EDUCATION
50,000
FDRLST MEDIA FOUNDATION
1747 PENNSYLVANIA AVENUE NW SUITE
1000
WASHINGTON
,
DC
20006
NONE
PC
PUBLIC POLICY
200,000
FDTN FOR INDIVIDUAL RIGHTS IN EDUCATION
510 WALNUT STREET SUITE 1250
PHILADELPHIA
,
PA
19106
NONE
PC
EDUCATION
100,000
FRANKLIN NEWS FOUNDATION
200 W MADISON STREET SUITE 2100
CHICAGO
,
IL
60606
NONE
PC
PUBLIC POLICY
150,000
FREE TO CHOOSE NETWORK
2002 FILMORE AVENUE
AVENUE ERIE
,
PA
16505
NONE
PC
COMMUNITY
5,000
FREEDOM WORKS
400 NORTH CAPITOL STREET NW 765
WASHINGTON
,
DC
20001
NONE
PC
PUBLIC POLICY
150,000
FUND FOR AMERICAN STUDIES
1706 NEW HAMPSHIRE AVENUE NW
WASHINGTON
,
DC
200773609
NONE
PC
EDUCATION
25,000
FURMAN UNIVERSITY
3300 POINSETT HIGHWAY
GREENVILLE
,
SC
29613
NONE
PC
EDUCATION
50,000
GEORGE MASON UNIVERSITY FDTN - THE MERCATUS CENTER
3434 WASHINGTON BLVD 4TH FLOOR
ARLINGTON
,
VA
22201
NONE
PC
EDUCATION
700,000
GEORGE MASON UNIVERSITY FDTN
3434 WASHINGTON BLVD 4TH FLOOR
ARLINGTON
,
VA
22201
NONE
PC
EDUCATION
200,000
GEORGETOWN U LAW CENTER
MCDONOUGH 423
WASHINGTON
,
DC
200012075
NONE
PC
EDUCATION
255,000
GILDER LEHRMAN INSTITUTE
49 WEST 45TH STREET 2ND FLOOR
NEW YORK
,
NY
10036
NONE
PC
EDUCATION
5,000
GLADES ACADEMY FOUNDATION INC
ONE NORTH CLEMANTIS STREET 200
WEST PALM BEACH
,
FL
33401
NONE
PC
EDUCATION
2,000
GOVERNMENT ACCOUNTABILITY INSTITUTE
1414 PIEDMONT DRIVE E
TALLAHASSEE
,
FL
32308
NONE
PC
PUBLIC POLICY
150,000
GRADUATE SCHOOL FOUNDATION-CUNY
365 FIFTH AVENUE ROOM 6412
NEW YORK
,
NY
10016
NONE
PC
EDUCATION
250,000
HIGHER GROUND SUN VALLEY
PO BOX 6791
KETCHUM
,
ID
83340
NONE
PC
COMMUNITY
15,000
HILLSDALE COLLEGE
33 E COLLEGE ST
HILLSDALE
,
MI
49242
NONE
PC
EDUCATION
105,000
INDEPENDENT WOMEN'S FORUM
119 LAKE SHORE DRIVE
CROSS JUNCTION
,
VA
22625
NONE
PC
COMMUNITY
50,000
INSTAURATIO MAGNA FOUNDATION
1925 W PATTERSON AVENUE
CHICAGO
,
IL
60613
NONE
PC
EDUCATION
25,000
INSTITUTE FOR HUMANE STUDIES
GEORGE MASON UNIVERSITY
ARLINGTON
,
VA
22201
NONE
PC
COMMUNITY
460,000
INSTITUTE FOR JUSTICE
901 N GLEBE ROAD SUITE 900
ARLINGTON
,
VA
22203
NONE
PC
PUBLIC POLICY
250,000
INTERCOLLEGIATE STUDIES INSTITUTE
3901 CENTERVILLE ROAD
WILMINGTON
,
DE
19807
NONE
PC
EDUCATION
150,000
JACK MILLER CENTER
THREE BALA PLAZA WEST SUITE 401
BALA CYNWYD
,
PA
19004
NONE
PC
EDUCATION
100,000
JEWISH REVIEW OF BOOKS
165 EAST 56TH STREET FL 4
NEW YORK
,
NY
10022
NONE
PC
EDUCATION
2,000
JUDICIAL EDUCATION PROJECT
PO BOX 279 SPRING GREEN
SPRING GREEN
,
WI
53588
NONE
PC
COMMUNITY
300,000
JUDICIAL WATCH
425 THIRD STREET SW SUITE 800
WASHINGTON
,
DC
20024
NONE
PC
EDUCATION
25,000
KETCHUM FIRE DEPARTMENT
BOX 966
KETCHUM
,
ID
83340
NONE
PC
COMMUNITY
350
LYNNE COHEN FOUNDATION
1112 MONTANA AVE SUITE 861
SANTA MONICA
,
CA
90403
NONE
PC
RESEARCH
5,000
MANHATTAN INSTITUTE
52 VANDERBILT AVENUE THIRD FLOOR
NEW YORK
,
NY
10017
NONE
PC
EDUCATION
1,305,595
MOVING PICTURE INSTITUTE
375 GREENWICH STREET
NEW YORK
,
NY
10013
NONE
PC
EDUCATION
100,000
NATIONAL REVIEW INSTITUTE
19 WEST 44TH STREET SUITE 1701
NEW YORK
,
NY
10035
NONE
PC
PUBLIC POLICY
25,000
NATIONAL TAXPAYERS UNION FDTN
122 C STREET NW SUITE 650
WASHINGTON
,
DC
20001
NONE
PC
EDUCATION
100,000
NEW CIVIL LIBERTIES ALLIANCE
PO BOX 19005
WASHINGTON
,
DC
200369005
NONE
PC
PUBLIC POLICY
333,333
NEW YORK HISTORICAL SOCIETY
170 CENTRAL PARK WEST
NEW YORK
,
NY
10024
NONE
PC
HISTORICAL CONSERVATION
12,000
NEW YORK PHILHARMONIC
10 LINCOLN CENTER PLAZA
NEW YORK
,
NY
100236970
NONE
PC
ARTS
1,000
NEW YORK UNIVERSITY
NYU-STERN KMC SUITE 7-150
NEW YORK
,
NY
10012
NONE
PC
EDUCATION
210,000
NORTON MUSEUM OF ART
1450 S DIXIE HIGHWAY
WEST PALM BEACH
,
FL
33401
NONE
PC
ARTS
10,000
OPPORTUNITY INC
1713 QUAIL DRIVE
WEST PALM BEACH
,
FL
33409
NONE
PC
COMMUNITY
26,000
PACIFIC RESEARCH INSTITUTE
ONE EMBARCADERO CENTER SUITE 350
SAN FRANCISCO
,
CA
94111
NONE
PC
RESEARCH
190,000
PALM BEACH CIVIC ASSOCIATION
139 N COUNTY ROAD SUITE 33
PALM BEACH
,
FL
334809932
NONE
PC
COMMUNITY
5,000
PALM BEACH COUNTY FOOD BANK
525 GATOR DRIVE LANTANA
LANTANA
,
FL
334621754
NONE
PC
COMMUNITY
1,500
PALM BEACH ISLAND HOSPICE FOUNDATION
44 COCOANUT ROW M207B
PALM BEACH
,
FL
33480
NONE
PC
COMMUNITY
150
PALM BEACH POLICE & FIRE FOUNDATION INC
PO BOX 242 PALM BEACH
PALM BEACH
,
FL
33480
NONE
PC
COMMUNITY
1,000
PARK AVENUE ARMORY
643 PARK AVENUE
NEW YORK
,
NY
10065
NONE
PC
ARTS
25,000
PARTNERSHIP FOR INNER CITY ED
1011 FIRST AVENUE
NEW YORK
,
NY
10022
NONE
PC
EDUCATION
10,000
PATRICIA BLANCO ANIMAL FOUNDATION
1728 17TH WAY
WEST PALM BEACH
,
FL
33407
NONE
PC
COMMUNITY
450
PEGGY ADAMS ANIMAL RESCUE LEAGUE
3100 NORTH MILITARY TRAIL
WEST PALM BEACH
,
FL
33409
NONE
PC
COMMUNITY
1,250
PHILANTHROPY TANK
4521 PGA BOULEVARD 468
PALM BEACH GARDENS
,
FL
33418
NONE
PC
EDUCATION
1,000
PRAGER U FOUNDATION
15021 VENTURA BOULEVARD 552
SHERMAN OAKS
,
CA
91403
NONE
PC
EDUCATION
100,000
PRINCETON UNIVERSITY
83 PROSPECT AVE
PRINCETON
,
NJ
08540
NONE
PC
EDUCATION
320,000
PROPERTY & ENVIRONMENTAL RESEARCH CENTER
2048 ANALYSIS DRIVE SUITE A
BOZEMAN
,
MT
597186829
NONE
PC
PUBLIC POLICY
100,000
PURDUE UNIVERSITY
HOVDE HALL ROOM 200
WEST LAFAYETTE
,
IN
479072040
NONE
PC
EDUCATION
145,000
REAL CLEAR FOUNDATION
1747 PENNSYLVANIA AVE NW STE 1000
WASHINGTON
,
DC
20006
NONE
PC
EDUCATION
550,000
REASON FOUNDATION
5737 MESMER AVENUE
LOS ANGELES
,
CA
90230
NONE
PC
PUBLIC POLICY
10,000
RHODES COLLEGE
2000 NORTH PARKWAY
MEMPHIS
,
TN
38112
NONE
PC
EDUCATION
90,000
RI CENTER FOR FREEDOM & PROSPERITY
PO BOX 10069
CRANSTON
,
RI
02910
NONE
PC
PUBLIC POLICY
9,500
SALT MARSH OPERA
P O BOX 227
STONINGTON
,
CT
06378
NONE
PC
ARTS
500
SAVE VENICE INC
133 EAST 58TH STREET SUITE 501
NEW YORK
,
NY
10022
NONE
PC
ARTS
2,500
SHATTERPROOF
101 MERRITT 7 1ST FLOOR
NORWALK
,
CT
06851
NONE
PC
HEALTH
250
SISTER SERVANTS OF THE ETERNAL WORLD
3721 BELMONT ROAD
BIRMINGHAM
,
AL
352103434
NONE
PC
COMMUNITY
1,000
ST LUKE'S WOOD RIVER FDTN
P O BOX 7005
KETCHUM
,
ID
833409907
NONE
PC
RESEARCH
5,000
STANFORD UNIVERSITY
CROWN QUADRANGLE 559 NATHAN ABBOTT
WAY
STANFORD
,
CA
943058610
NONE
PC
EDUCATION
75,000
STATE POLICY NETWORK
1655 N FORT MYER DRIVE SUITE 360
ARLINGTON
,
VA
22209
NONE
PC
PUBLIC POLICY
300,000
STORM KING ART CENTER
P O BOX 280
MOUNTAINVILLE
,
NY
10953
NONE
PC
ARTS
10,000
STUDENT FREE PRESS ASSOCIATION
4771 MECHANIC ROAD
HILLSDALE
,
MI
49242
NONE
PC
PUBLIC POLICY
50,000
SUN VALLEY CENTER
PO BOX 656
SUN VALLEY
,
ID
83353
NONE
PC
ARTS
750
TEXAS PUBLIC POLICY FOUNDATION
901 CONGRESS AVE
AUSTIN
,
TX
78701
NONE
PC
PUBLIC POLICY
100,000
TEXAS TECH FOUNDATION
BOX 41017 - MCCLELLAN HALL
LUBBOCK
,
TX
794091017
NONE
PC
EDUCATION
100,000
THE ARGYROS PERFORMING ARTS CENTER
120 MAIN STREET SOUTH P O BOX 4921
KETCHUM
,
ID
83340
NONE
PC
ARTS
25,000
THE BEACON CENTER OF TENNESSEE
PO BOX 198646
NASHVILLE
,
TN
37219
NONE
PC
PUBLIC POLICY
75,000
THE FEDERALIST SOCIETY
1776 I STREET NW SUITE 300
WASHINGTON
,
DC
20006
NONE
PC
EDUCATION
190,000
THE INVICTUS FUND NV
1000 SILVERADO TRAIL NORTH ST
HELENA
,
CA
94574
NONE
PC
COMMUNITY
5,000
THE MERWIN CONSERVANCY
PO BOX 809
HAIKU
,
HI
96708
NONE
PC
ARTS
250
FOUNDATION FOR CULTURAL REVIEW INC
900 BROADWAY
NEW YORK
,
NY
10003
NONE
PC
PUBLIC POLICY
175,000
THE SOCIETY OF THE FOUR ARTS
2 FOUR ARTS PLAZA
PALM BEACH
,
FL
33480
NONE
PC
ARTS
30,000
THE WORKFIRST FOUNDATION
228 E 45TH ST 16
NEW YORK
,
NY
10017
NONE
PC
PUBLIC POLICY
25,000
TOWN OF PALM BEACH UNITED WAY
44 COCOANUT ROW M201
PALM BEACH
,
FL
33480
NONE
PC
COMMUNITY
1,500
TURNING POINT USA
217 1/2 ILLINOIS STREET
LEMONT
,
IL
60439
NONE
PC
PUBLIC POLICY
50,000
UNIVERSITY OF CALIFORNIA LAW SCHOOL
BOALT HALL
BERKELEY
,
CA
94720
NONE
PC
EDUCATION
235,000
UNIVERSITY OF CHICAGO ILLINOIS
1126 EAST 59TH STREET
CHICAGO
,
IL
60637
NONE
PC
EDUCATION
125,000
UNIVERSITY OF NOTRE DAME
1251 N EDDY STREET SUITE 300
SOUTH BEND
,
IN
46617
NONE
PC
EDUCATION
348,453
UTAH STATE UNIVERSITY
3500 OLD MAIN HILL
LOGAN
,
UT
843223500
NONE
PC
EDUCATION
219,000
WATCH HILL CHAPEL SOCIETY
P O BOX 173
WESTERLY
,
RI
028910173
NONE
PC
COMMUNITY
500
WESTERLY HOSPITAL FOUNDATION INC
43 BROAD STREET STE 300 PO BOX 112
WESTERLY
,
RI
02891
NONE
PC
HEALTH
10,000
WESTERLY LIBRARY & WILCOX PARK
44 BROAD STREET
WESTERLY
,
RI
02891
NONE
PC
EDUCATION
200
WOODSON CENTER
1625 K STREET NW NO 410
WASHINGTON
,
DC
20006
NONE
PC
COMMUNITY
100,000
WOOD RIVER COMMUNITY YMCA
PO BOX 6801
KETCHUM
,
ID
83340
NONE
PC
COMMUNITY
5,000
YALE UNIVERSITY
246 CHURCH STREET
NEW HAVEN
,
CT
06520
NONE
PC
EDUCATION
60,000
YANKEE INSTITUTE FOR PUBLIC POLICY
216 MAIN STREET
HARTFORD
,
CT
06106
NONE
PC
PUBLIC POLICY
50,000
YOUNG AMERICA'S FOUNDATION
11480 COMMERCE PARK DRIVE SUITE 600
RESTON
,
VA
20191
NONE
PC
PUBLIC POLICY
100,000
Total
.................................
3a
13,846,937
b
Approved for future payment
AEI
1150 SEVENTEENTH STREET NW
WASHINGTON
,
DC
200364670
NONE
PC
PUBLIC POLICY
675,000
ARIZONA STATE UNIVERSITY
951 S CADY MALL - SOCIAL SCIENCES
SUITE 107
TEMPE
,
AZ
85287
NONE
PC
EDUCATION
450,000
CENTER FOR INDEPENDENT THOUGHT
1420 WALNUT STREET SUITE 1011
PHILADELPHIA
,
PA
19102
NONE
PC
PUBLIC POLICY
50,000
DONORS TRUST
10050 REGENCY CIRCLE SUITE 101
OMAHA
,
NE
68114
NONE
PC
PUBLIC POLICY
300,000
FDRLST MEDIA FOUNDATION
1747 PENNSYLVANIA AVE NW STE 1000
WASHINGTON
,
DC
20006
NONE
PC
PUBLIC POLICY
200,000
HETERODOX ACADEMY
428 BROADWAY 4TH FLOOR
NEW YORK
,
NY
10013
NONE
PC
EDUCATION
150,000
CHAPMAN UNIVERSITY
UNIVERSITY DRIVE
ORANGE
,
CA
92866
NONE
PC
EDUCATION
45,522
MANHATTAN INSTITUTE
52 VANDERBILT AVENUE THIRD FLOOR
NEW YORK
,
NY
10017
NONE
PC
EDUCATION
275,000
PRINCETON UNIVERSITY
83 PROSPECT AVE
PRINCETON
,
NJ
08540
NONE
PC
EDUCATION
340,000
REAL CLEAR FOUNDATION
1747 PENNSYLVANIA AVE NW STE 1000
WASHINGTON
,
DC
20006
NONE
PC
EDUCATION
200,000
STATE POLICY NETWORK
1655 N FORT MYER DRIVE SUITE 360
ARLINGTON
,
VA
22209
NONE
PC
PUBLIC POLICY
300,000
UNIVERSITY OF NOTRE DAME
1251 N EDDY STREET SUITE 300
SOUTH BEND
,
IN
46617
NONE
PC
EDUCATION
700,000
WOODSON CENTER
1625 K STREET NW NO 410
WASHINGTON
,
DC
20006
NONE
PC
COMMUNITY
100,000
ENCOUNTER FOR CULTURE AND EDUCATION INC
900 BROADWAY SUITE 601
NEW YORK
,
NY
100031239
NONE
PC
EDUCATION
50,000
Total
.................................
3b
3,835,522
Form
990-PF
(2020)
Page 12
Form 990-PF (2020)
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
29,618
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
328,395
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
358,013
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
358,013
(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
(2020)
Page 13
Form 990-PF (2020)
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) (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) (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.
2021-05-10
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
E GEORGE TEIXEIRA
Preparer's Signature
Date
2021-05-10
Check if self-
employed
PTIN
P00173894
Firm's name
ANCHIN BLOCK & ANCHIN LLP
Firm's EIN
13-0436940
Firm's address
1375 BROADWAY
NEW YORK
,
NY
100187001
Phone no.
(212) 840-3456
Form
990-PF
(2020)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description