Glen Smith
The data on this page comes from a financial disclosure filed by Glen Smith, who was picked to be: Under Secretary for Rural Development, Department of Agriculture. It is part of a collection of thousands of ethics documents ProPublica has been collecting from across the Trump administration.
Roles Outside Government
Officials are required to disclose paid or unpaid positions they hold or recently held outside the federal government, including roles as officer, director, trustee or employee. (Form 278e, Part 1)
| Organization | Position held | Endnote | Line No. |
|---|---|---|---|
| Glen R. Smith Generation Trust | Trustee, 3/2016 - Present | The Trust consists of the land and real estate property that I own. | 1 |
Employment Assets
Officials are required to disclose assets associated with their employment, including salary, retirement accounts, stocks, intellectual property and awards or prizes. (Form 278e, Part 2)
Spouse’s Assets
Officials are required to disclose their spouse’s assets, including salary and retirement accounts worth more than $1,000. (Form 278e, Part 5)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| Cass County Memorial Hospital, defined benefit plan (value not readily ascertainable) | Retirement payments | 1 | |||
| IRA #2 | 2 | ||||
| American Capital Income Builder Fund CLF3 | $15,001 - $50,000 | None (or less than $201) | 2.1 | ||
| American Fundamental Investors Fund | $1,001 - $15,000 | None (or less than $201) | 2.2 | ||
| American Funds Washington Mutual Investors | None (or less than $1,001) | None (or less than $201) | 2.3 | ||
| American Growth Fund of America CLF3 | $15,001 - $50,000 | None (or less than $201) | 2.4 | ||
| American Income Fund of America | $15,001 - $50,000 | None (or less than $201) | 2.5 | ||
| FRANKLIN LOW DURATION TOTAL RETURN FUND Class R (FLPRX) | $1,001 - $15,000 | None (or less than $201) | 2.6 | ||
| JP Morgan Mid Cap Value Fund | $1,001 - $15,000 | None (or less than $201) | 2.7 | ||
| Victory Sycamore Small Company Opportunity Fund Class R Shares (GOGFX) | $1,001 - $15,000 | None (or less than $201) | 2.8 | ||
| Dodge & Cox Income Fund Class I (DODIX) | $1,001 - $15,000 | None (or less than $201) | 2.9 | ||
| InvescoGlobal Targeted Returns Fund Class R Shares (GLTRX) | $1,001 - $15,000 | None (or less than $201) | 2.10 | ||
| MFS Emeging Markets Equity Fund Class R6 Shares (MEMJX) | $1,001 - $15,000 | None (or less than $201) | 2.11 | ||
| MFS High Income Fund Class R6 Shares (MHIKX) | $1,001 - $15,000 | None (or less than $201) | 2.12 | ||
| PIMCO Emerging Markets Corporate Bond Fund Class C (PECCX) | $1,001 - $15,000 | None (or less than $201) | 2.13 | ||
| Vanguard Growth Index Fund ETF Class Shares (VUG) | $1,001 - $15,000 | None (or less than $201) | 2.14 | ||
| VANGUARD S&P 500 ETF (VOO) | $1,001 - $15,000 | None (or less than $201) | 2.15 |
Other Assets and Income
Officials are required to disclose other assets and sources of investment income belonging to them, their spouse or their dependent children. These include annuities, bonds, cash, college savings plans, farms, precious metals, real estate, stocks, trusts and wills. (Form 278e, Part 6)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| USDA Conservation Reserve Program (CRP) | None (or less than $1,001) | $18,234 | CRP Rental Payments | USDA's Conservation Reserve Program (CRP) pays a yearly rental in exchange for farmland owners removing environmentally sensitive land from agricultural production and planting species that will improve environmental quality. These CRP payments concern the farmland properties identified in Part 6, Item 6 and Part 6, Item 8.2. | 1 |
| U.S. bank account #1 (Cash) | $100K - $250K | None (or less than $201) | 2 | ||
| U.S. bank Account #2 (cash) | $15,001 - $50,000 | None (or less than $201) | 3 | ||
| U.S. bank Account #3 (cash) | $1,001 - $15,000 | None (or less than $201) | 4 | ||
| U.S. bank account #4 (Cash) | $100K - $250K | $201 - $1,000 | 5 | ||
| Smith Generation Farms, Inc (Crop Production of corn, soybeans and hay all located in Cass County, Iowa) | $5M - $25M | None (or less than $201) | 6 | ||
| Smith Land Service, Co. | $250K - $500K | $60,041 | Ownership Distribution | 7 | |
| Glen R. Smith Generation Trust | 8 | ||||
| Commercial Real Estate, Atlantic, Cass County, Iowa | $250K - $500K | $15,001 - $50,000 | Rent or Royalties | 8.1 | |
| Farmland, Cass County, Iowa, leased for cash rent | $5M - $25M | $100K - $1M | Rent or Royalties | This real estate is leased out to a tenant on a cash lease for farming on an annual cash basis based upon current cash-rent farm surveys independently conducted by Iowa State University. | 8.2 |
| SG3 Land Holdings Co. LLC | 8.3 | ||||
| Farmland 80 acres, Pymosa Twp. Cass County, Iowa | $250K - $500K | $5,001 - $15,000 | Rent or Royalties | This farmland is property that is leased for cash rent. | 8.3.1 |
| Residential farm real estate, Pymosa Twp. Cass County, Iowa | $100K - $250K | $5,001 - $15,000 | Rent or Royalties | This is residential real estate and includes a house and land. | 8.4 |
Liabilities
Officials are required to disclose their liabilities totaling more than $10,000, as well as any linked to their spouse or dependent children. These include mortgages, credit card debt and student loans. The interest rates and loan repayment terms are also required. (Form 278e, Part 8)
| Creditor | Description | Endnote | Line No. |
|---|---|---|---|
| First Whitney Bank and Trust | type: Mortgage (investment/rent al property), amount: $500,001 - $1,000,000, year-incurred: 2020, rate: 3.0%, term: 10 years | 1 |
About the Data
Most political appointees and senior officials in the executive branch are required by law to file public financial disclosure reports. These are documents that detail their financial holdings, positions they hold outside government, their spouse’s holdings, their liabilities and their recent financial transactions (such as buying or selling stock) during a defined reporting period.
The most senior officials file their disclosures with an agency called the Office of Government Ethics, and others file them with a designated ethics official within their agency. The Ethics in Government Act allows members of the public and the press to request these documents.
We’re publishing this information to give the public an important glimpse into the financial ties of a powerful and often hidden cadre of presidential appointees within the federal bureaucracy.
The main document type included in the database is the OGE Form 278e, which appointees must file when they are nominated (for Senate-confirmed appointees) or when they enter government (all others), and then annually while in the position. Another common document included is the OGE Form 278-T, also known as a periodic transaction report, which all public filers must submit within 30 days of a transaction. We are also making other ethics documents available, such as ethics agreements, certificates of divestiture and other documents we have obtained under the Ethics in Government Act.
Join us on Wednesday, April 8 for a walkthrough of ProPublica's new database of financial disclosures from Trump appointees and any potential conflicts they reveal. Register here.
