Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 04-01-2012 , and ending 03-31-2013
Name of foundation
THE HORACE SMITH FUND
 

Number and street (or P.O. box number if mail is not delivered to street address)1441 MAIN STREET   Room/suite
City or town, state, and ZIP code
SPRINGFIELD, MA01103
A Employer identification number

04-2235130
B Telephone number (see instructions)

(413) 739-4222
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$6,700,423J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 50
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 151,595 151,595  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 205,057
b Gross sales price for all assets on line 6a 2,127,177
7 Capital gain net income (from Part IV, line 2)... 205,057
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)....... Click to see attachment 23,286 1,435 23,286
12 Total. Add lines 1 through 11........ 379,988 358,087 23,286
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 73,300 25,655 5,131 42,514
14 Other employee salaries and wages...... 6,372 2,230 446 3,696
15 Pension plans, employee benefits....... 24,631 8,620 1,724 14,286
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 12,155 6,078   7,491
c Other professional fees (attach schedule).... Click to see attachment 47,272 45,268 2,004  
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 5,820     5,820
19 Depreciation (attach schedule) and depletion... Click to see attachment 3,730   3,730
20 Occupancy.............. 9,664   3,866 5,392
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 2,968     2,968
23 Other expenses (attach schedule)....... Click to see attachment 15,205   6,241 8,586
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 201,117 87,851 23,142 90,753
25 Contributions, gifts, grants paid........ 219,750 219,750
26 Total expenses and disbursements. Add lines 24 and 25 420,867 87,851 23,142 310,503
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -40,879
b Net investment income (if negative, enter -0-) 270,236
c Adjusted net income (if negative, enter -0-)... 144
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
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
Assets 1 Cash—non-interest-bearing............... 12,816 13,663 13,663
2 Savings and temporary cash investments.......... 57,016 181,394 181,394
3 Accounts receivable bullet22,316
Less: allowance for doubtful accounts bullet5,000 24,487 17,316 17,316
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 2,474 2,660 2,660
10a Investments—U.S. and state government obligations (attach schedule) 819,974 Click to see attachment1,010,783 1,018,665
b Investments—corporate stock (attach schedule)........ 4,030,682 Click to see attachment3,875,928 4,819,538
c Investments—corporate bonds (attach schedule)........ 811,163 Click to see attachment604,111 624,360
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet48,655
Less: accumulated depreciation (attach schedule) bullet39,607 12,778 Click to see attachment9,048 9,048
15 Other assets (describe bullet) Click to see attachment12,613 Click to see attachment13,779 Click to see attachment13,779
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,784,003 5,728,682 6,700,423
Liabilities 17 Accounts payable and accrued expenses.......... 5,596 7,837
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 bullet)    
23 Total liabilities (add lines 17 through 22).......... 5,596 7,837
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 5,778,407 5,720,845
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
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 page 17 of the
instructions).................... 5,778,407 5,720,845
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 5,784,003 5,728,682
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 5,778,407
2 Enter amount from Part I, line 27a..................... 2 -40,879
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 5,737,528
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 16,683
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 5,720,845
Form 990-PF (2012)
Form 990-PF (2012)
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 PUBLICLY TRADED SECURITIES P    
b
c
d
e
(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 2,116,433   1,922,120 194,313
b
c
d
e
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       194,313
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 205,057
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 . . . . . . . . . . . . . . . . 		Bracket 3 194,313
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?
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 page 18 of the 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))
2011 367,172 6,261,707 0.058638
2010 331,932 6,148,587 0.053985
2009 342,958 5,729,426 0.059859
2008 355,132 5,789,595 0.061340
2007 347,271 7,013,880 0.049512
2 Total of line 1, column (d) ...................... 2 0.283334
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 0.056667
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 6,470,460
5 Multiply line 4 by line 3....................... 5 366,662
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,702
7 Add lines 5 and 6......................... 7 369,364
8 Enter qualifying distributions from Part XII, line 4.............. 8 310,503
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 (2012)
Form 990-PF (2012)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 5,405
hereBulletand 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  
3 Add lines 1 and 2............................ 3 5,405
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 5,405
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 2,324
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 2,324
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 1
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,082
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet   Refunded Bullet 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 page 19 of
the 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
 
 
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletMA
    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 2012 or the taxable year beginning in 2012 (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
    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 addressbulletWWW.HORACESMITHFUND.ORG
    14
    The books are in care ofbulletTHE HORACE SMITH FUND Telephone no.bullet (413) 739-4222
    Located atbullet1441 MAIN STREETSPRINGFIELDMA ZIP+4bullet01103
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?.................
    (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.).........
    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 page 20 of the instructions)?...
    1b
     
     
    .........bullet
    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 2012?.............
    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 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 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.
    bullet20, 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?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 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 2012.)....................
    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 2012?
    4b
     
    No
    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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    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
    .........bullet
    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?............
    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?........................
    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?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 6
    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
    PATRICIA A SANTANIELLOClick to see attachment ASST. TREASU
    1.00     		1,200 0 0
    1441 MAIN STREET
    SPRINGFIELD,MA01103
    ANNE MAHONEYClick to see attachment VP FUND ADMN
    40.00     		47,100 9,769 0
    1441 MAIN STREET
    SPRINGFIELD,MA01103
    ADONIS MILLERClick to see attachment TREASUER
    1.00     		0 0 0
    1441 MAIN STTREET
    SPRINGFIELD,MA01103
    MICHAEL E TUCKERClick to see attachment TRUSTEE
    1.00     		0 0 0
    1441 MAIN STREET
    SPRINGFIELD,MA01103
    JAMES W BRODERICK JRClick to see attachment TRUSTEE
    1.00     		0 0 0
    1441 MAIN STREET
    SPRINGFIELD,MA01103
    KATHLEEN BOURQUEClick to see attachment TRUSTEE
    1.00     		0 0 0
    1441 MAIN STREET
    SPRINGFIELD,MA01103
    JEROME LINEHANClick to see attachment TRUSTEE
    1.00     		0 0 0
    1441 MAIN STREET
    SPRINGFIELD,MA01103
    WAYNE L WEBSTERClick to see attachment TRUSTEE
    1.00     		0 0 0
    1441 MAIN STREET
    SPRINGFIELD,MA01103
    SAMALID HOGANClick to see attachment PRESIDENT
    1.00     		0 0 0
    1441 MAIN STREET
    SPRINGFIELD,MA01103
    JOSEPHINE SARNELLIClick to see attachment CLERK/ EXEC
    15.00     		25,000 8,694 0
    1441 MAIN STREET
    SPRINGFIELD,MA01103
    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...................bullet  
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    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 SCHOLARSHIPS AWARDED TO ELIGIBLE STUDENTS. FOR THE SCHOOL YEAR BEGINNING SEPTEMBER 2012, 84 SCHOLARSHIPS OF 2,500 EACH WERE AWARDED. SOME RECIPIENTS ONLY ATTENDED COLLEGE FOR ONE HALF OF THE YEAR, SO RECEIVED ONLY 1,250. SCHOLARSHIPS AWARDED - 193,750 OTHER DISBURSEMENTS FOR CHARITABLE PURPOSES - 80,015 273,765
    2 FELLOWSHIPS AWARDED TO ELIGIBLE STUDENTS. FOR THE SCHOOL YEAR BEGINNING SEPTEMBER 2012, 7 FELLOWSHIPS OF 4,000 EACH WERE AWARDED. ONE RECIPIENT ATTENDED COLLEGE FOR ONE HALF OF THE YEAR, SO ONLY RECEIVED 2,000. FELLOWSHIPS AWARDED - 26,000 OTHER DISBURSEMENTS FOR CHARITABLE PURPOSES - 10,738 36,738
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    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 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    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
    6,393,746
    b
    Average of monthly cash balances.......................
    1b
    132,446
    c
    Fair market value of all other assets (see instructions)................
    1c
    42,803
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,568,995
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    6,568,995
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    98,535
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,470,460
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    323,523
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    323,523
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    5,405
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,405
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    318,118
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    318,118
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    318,118
    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
    310,503
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    310,503
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    310,503
    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 (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 318,118
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 8,805
    b From 2008....... 68,920
    c From 2009....... 59,163
    d From 2010....... 29,741
    e From 2011....... 58,935
    fTotal of lines 3a through e......... 225,564
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 310,503
    a Applied to 2011, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount..... 310,503
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2012. 7,615 7,615
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 217,949
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		1,190
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		216,759
    10 Analysis of line 9:
    a Excess from 2008.... 68,920
    b Excess from 2009.... 59,163
    c Excess from 2010.... 29,741
    d Excess from 2011.... 58,935
    e Excess from 2012....  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    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 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    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) 2012 (b) 2011 (c) 2010 (d) 2009
             
    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.)
    1Information Regarding Foundation Managers:
    aList 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).)
    NONE
    bList 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.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail of the person to whom applications should be addressed:
    THE HORACE SMITH FUND
    1441 MAIN STREET SUITE 620
    SPRINGFIELD,MA01103
    (413) 739-4222
    bThe form in which applications should be submitted and information and materials they should include:
    THERE ARE THREE ASSISTANCE PROGRAMS OFFERED THROUGH THE HORACE SMITH FUND. DETAILED INFORMATION IS AVAILABLE ONLINE AT WWW.HORACESMITHFUND.ORG. STUDENTS MAY APPLY FOR THE WALTER S BARR SCHOLARSHIP AVAILABLE TO HIGH SCHOOL SENIORS WHO WILL BE ENTERING COLLEGE FOR THE FIRST TIME. COLLEGE STUDENTS CONTINUING THEIR STUDIES IN COLLEGE MAY APPLY FOR THE WALTER S BARR COLLEGE SCHOLARSHIP. STUDENTS CONTINIUNG THEIR EDUCATION IN GRADUATE SCHOOL MAY APPLY FOR THE WALTER S BARR FELLOWSHIP. EACH APPLICATION MAY BE MADE ONLINE AT THE FUND'S WEBSITE OR SUBMITTED IN WRITING. EACH APPLICATION MUST BE ACCOMPANIED BY THREE REFERENCES FROM UNRELATED INDIVIDUALS, A FINANCIAL STATEMENT OR A FEDERAL STUDENT AID APPLICATION. OTHER REQUIREMENTS ARE SPELLED OUT ON THE WEBSITE.
    cAny submission deadlines:
    APPLICATION DEADLINES ARE DECEMBER 20TH FOR SCHOLARSHIPS AND FEBRUARY 1ST FOR THE FELLOWSHIP.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    BARR SCHOLARSHIPS ARE AVAILABLE TO STUDENTS LIVING IN HAMPDEN COUNTY, MASSACHUSETTS SEEKING A COLLEGE EDUCATION. APPLICANTS MUST BE GRADUATES OF HAMPDEN COUNTY, MASSACHUSETTS SECONDARY SCHOOLS. FELLOWSHIP APPLICANTS MUST BE RESIDENTS OF HAMPDEN COUNTY OR QUALIFIED FORMER RESIDENTS. IT IS THE POLICY OF THE FUND TO PROVIDE SUPPLEMENTARY AID WHERE OTHER RESOURCES AVAILABLE TO THE PROSPECTIVE STUDENT ARE NOT ADEQUATE TO CARRY OUT THE PLANNED EDUCATIONAL PROGRAM.
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 10
    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)
    aPaid during the year
    SCHOLARSHIP RECIPIENTS
    1441 MAIN STREET
    SPRINGFIELD,MA01103     		NONE INDIVIDUAL SCHOLARSHIPS 193,750
    FELLOWSHIP RECIPIENTS
    1441 MAIN STREET
    SPRINGFIELD,MA01103     		NONE INDIVIDUAL FELLOWSHIPS 26,000
    Total .................................bullet 3a 219,750
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    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.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 151,595  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     14 205,057  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aMISCELLANEOUS INCOME         168
    bSTUDENT LOANS INTEREST         1,435
    cCOLLECTIONS RECEIVED ON          
    dSTUDENT LOANS         16,683
    eSTUDENT LOANS BAD DEBT          
    fRESERVE PREVIOUSLY EXPENSE         5,000
    12 Subtotal. Add columns (b), (d), and (e)..   356,652 23,286
    13Total. Add line 12, columns (b), (d), and (e)..................
    13379,938
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		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.)
    11B INCOME ALLOWED FUND TO INCREASE SCHOLARSHIPS AWARDED
    11B INTEREST INCOME REINVESTED TO INCREASE SCHOLARSHIPS
    11B PAYMENTS RECEIVED ALLOWS FUND TO AWARD MORE SCHOLARSHIPS
    11B INCREASED AMOUNTS AVAILABLE FOR SCHOLARSHIPS
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 12
    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
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    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?...........
    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 or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2012)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 AccountingFeesSchedule
    Name:
    THE HORACE SMITH FUND
    EIN: 04-2235130
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL SERVICES 12,155 6,078   7,491

    TY 2012 CompensationExplanation
    Name:
    THE HORACE SMITH FUND
    EIN: 04-2235130
    Person Name Explanation
    PATRICIA A SANTANIELLO  
    ANNE MAHONEY  
    ADONIS MILLER  
    MICHAEL E TUCKER  
    JAMES W BRODERICK JR  
    KATHLEEN BOURQUE  
    JEROME LINEHAN  
    WAYNE L WEBSTER  
    SAMALID HOGAN  
    JOSEPHINE SARNELLI  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2012 DepreciationSchedule
    Name:
    THE HORACE SMITH FUND
    EIN: 04-2235130
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER-8 PORT ETHERNET HUB 1997-12-15 150 150 S/L 5.0000        
    TELEPHONE 1998-08-11 300 300 S/L 7.0000        
    PLAIN PAPER FAX 1998-07-09 230 230 S/L 5.0000        
    LOAN PROCESSING SOFTWARE 1999-01-31 28,026 28,026 S/L 3.0000        
    FIREPROOF FILE CABINET 2005-05-04 670 670 S/L 5.0000        
    FIREPROOF FILE CABINET 2005-12-30 480 480 S/L 5.0000        
    XEROX PRINTER 2007-05-21 609 609 S/L 5.0000        
    SERVER 2010-11-03 3,325 998 S/L 5.0000 665   665  
    SMART UPS 2010-12-08 872 261 S/L 5.0000 175   175  
    2 COMPUTERS 2011-09-26 1,499 150 S/L 5.0000 300   300  
    LAPTOP 2011-09-26 5,037 504 S/L 5.0000 1,007   1,007  
    COMPUTERS 2006-04-21 2,708 2,708 S/L 5.0000        
    WEB SITE DESIGN 2011-10-01 4,750 792 AMORTIZATION 3.0000 1,583   1,583  

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    THE HORACE SMITH FUND
    EIN: 04-2235130
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ANHEUSER-BUSCH, 1.375%, 07/15/2017 35,382 35,292
    AT&T INC, 4.45%, 05/15/21 20,340 22,506
    BANK OF NOVA SCOTIA, 2.38%, 12/17/13 41,130 40,557
    BERKSHIRE HATHAWAY, 5.40%, 05/15/18 50,441 53,771
    CATERPILLAR FINL SE 2.05% 08/01/2016 36,105 36,312
    CISCO SYSTEMS INC, 4.95%, 02/15/19 21,854 23,608
    COCA COLA CO, 1.50%, 11/15/15 38,824 40,980
    COMCAST CORP 2.85% 01/15/2023 19,953 19,933
    CONOCOPHILLIPS, 4.75%, 02/01/14    
    FIDELITY HIGH INCOME FD    
    GE CAPITAL CORP 1.625% 07/02/2015 10,164 10,171
    GE CAPITAL CORP, 5.63%, 09/15/17 43,481 46,879
    GE COMPANY, 5.00%, 02/01/13    
    HEWLETT PACKARD CO, 4.75%, 06/02/14    
    JPMORGAN CHASE & CO, 6.00%, 01/15/18 49,372 53,476
    ONTARIO PROVINCE OF 1.65% 09/27/2019 24,833 24,970
    ONTARIO PROVINCE, 2.95%, 02/05/15 46,828 47,053
    PEPSICO INC, 3.10%, 01/15/15    
    PFIZER INC NOTES 5.35% 03/15/2015 22,401 21,841
    PROVINCE OF QUEBEC, 2.75%, 08/25/21 15,247 15,572
    SBC COMMUNICATIONS, 5.10%, 09/15/14 19,905 21,268
    TOYOTA MOTOR CREDIT 2.00% 09/15/2016 20,677 20,708
    VANGUARD INFLATION PROTECTED SEC    
    WACHOVIA CORP, 5.75%, 02/01/18 51,155 53,561
    WAL-MART STORES 1.50% 10/25/2015 36,019 35,902
    WAL-MART STORES, 4.55%, 05/01/13    

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    THE HORACE SMITH FUND
    EIN: 04-2235130
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 77,048 100,995
    ABBOTT LABS 54,899 66,755
    ACE LTD 47,768 80,963
    AMERICAN EXPRESS CO 43,734 79,603
    APACHE CORP    
    ARCHER DANIELS MIDLAND CO 65,460 65,436
    BED BATH & BEYOND INC 62,142 63,132
    BERKSHIRE HATHAWAY INC DEL CL B NEW 72,976 89,612
    BROADCOM CORP 57,448 52,365
    BUFFALO SMALL CAP FD 1444 50,000 64,143
    CAPITAL ONE FINANCIAL GROUP 50,182 56,598
    CELGENE CORP 45,456 79,978
    CHECK POINT SOFTWARE TECH LTD 88,298 74,244
    CHEVRON CORP 78,946 111,691
    CISCO SYSTEMS INC 85,931 81,491
    COCA COLA CO 89,639 94,225
    COGNIZANT TECH SOLUTIONS CORP 52,293 58,998
    COLGATE PALMOLIVE CO 42,348 59,015
    COMCAST CORP NEW CL A 62,920 80,182
    CONOCOPHILLIPS 53,275 58,297
    DANAHER CORP SHS BEN INT 85,668 100,683
    DIAGEO PLC ADR 32,836 61,662
    ECOLAB INC 42,869 66,549
    EMC CORP 47,402 75,731
    EXXON MOBIL CORP 86,228 110,835
    FREEPORT-MCMORAN COPPER & GOLD 84,320 63,552
    GILEAD SCIENCES INC 43,477 101,306
    HARBOR INTL FD INST CL FUND 11 250,000 275,213
    HARTFORD MUTUAL FD INC MDCP CL Y 50,000 55,749
    HOME DEPOT INC 38,197 94,901
    IBM CORP 68,066 87,453
    ILLINOIS TOOL WORKS INC 65,168 88,972
    INVESCO INTL GROWTH FD INST 250,000 282,661
    INVESCO LTD    
    JOHNSON & JOHNSON CO 60,721 95,390
    JP MORGAN CHASE & CO 77,217 77,834
    L3 COMMUNICATIONS HOLDINGS    
    MARATHON OIL CORP    
    MERCK & CO INC 75,489 92,378
    METLIFE INC    
    MICROSOFT CORP 62,685 72,085
    MONDELEZ INTERNATIONAL INC 54,688 65,516
    NETAPP INC    
    NEXTERA ENERGY INC 69,314 88,555
    ORACLE CORP 76,818 81,795
    PERKINS MID CAP VALUE FUND 50,000 55,291
    PFIZER 52,668 60,317
    PNC BANK CORP 30,465 36,575
    PRECISION CASTPARTS CORP 38,048 43,613
    PROCTOR & GAMBLE CO    
    QUALCOMM INC 75,836 97,063
    ROYCE SPECIAL EQUITY FD 327 50,000 58,452
    SPDR GOLD TRUST 160,240 177,641
    SPECTRA ENERGY CORP 63,038 64,882
    STARBUCKS CORP 31,968 46,699
    SYSCO CORP    
    TJX COMPANIES INC 37,275 38,335
    TRANSOCEAN LTD ZUG NAMEN AKT 84,026 94,048
    UNION PACIFIC CORP 41,216 56,964
    UNITED PARCEL SERVICES    
    UNITED TECHNOLOGIES    
    US BANCORP DEL NEW 64,996 91,950
    VERIZON COMMUNICATIONS 57,816 86,504
    WALGREEN CO 82,883 101,558
    WALT DISNEY CO 46,452 88,040
    WELLPOINT INC COM 33,214 31,128
    WELLS FARGO & CO 39,638 82,858
    YUM BRANDS 34,223 51,077

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    THE HORACE SMITH FUND
    EIN: 04-2235130
    US Government Securities - End of Year Book Value:

    1,010,783
    US Government Securities - End of Year Fair Market Value:

    1,018,665
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2012 LandEtcSchedule2
    Name:
    THE HORACE SMITH FUND
    EIN: 04-2235130
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND BUILDINGS AND EQUIMENT 48,655 39,607 9,048 9,048


    TY 2012 OtherAssetsSchedule
    Name:
    THE HORACE SMITH FUND
    EIN: 04-2235130
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST - INVESTMENTS 12,601 13,740 13,740
    ACCRUED INTEREST - STUDENT LOANS 12 39 39


    TY 2012 OtherDecreasesSchedule
    Name:
    THE HORACE SMITH FUND
    EIN: 04-2235130
    Description Amount
    PRINCIPAL PAYMENTS RECEIVED 1
    ON STUDENT LOAN ACCOUNTS 16,682


    TY 2012 OtherExpensesSchedule
    Name:
    THE HORACE SMITH FUND
    EIN: 04-2235130
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    BANK SERVICE CHARGES 205     205
    COMPUTER EXPENSES 4,048   1,619 1,859
    DUES 355     355
    INSURANCE 2,652   1,061 1,591
    MEALS AND ENTERTAINMENT 378     564
    OFFICE EXPENSE 3,542   1,417 2,125
    PARKING 1,280   1,280  
    POSTAGE 584     584
    TELEPHONE 2,161   864 1,303


    TY 2012 OtherIncomeSchedule2
    Name:
    THE HORACE SMITH FUND
    EIN: 04-2235130
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS INCOME 168   168
    STUDENT LOANS INTEREST 1,435 1,435 1,435
    STUDENT LOANS 16,683   16,683
    RESERVE PREVIOUSLY EXPENSED 5,000   5,000


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    THE HORACE SMITH FUND
    EIN: 04-2235130
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AGENT FEES - TD WEALTH 45,268 45,268    
    COMPUTER CONSULTANTS 2,004   2,004  


    TY 2012 TaxesSchedule
    Name:
    THE HORACE SMITH FUND
    EIN: 04-2235130
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX EXPENSE 70     70
    FEDERAL EXCISE TAXES 5,750     5,750