TY 2013 Form 990PF

- TIN:

Form990-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. By law, the IRS cannot redact the information on the form.
bullet

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2013

Open to Public Inspection

For calendar year 2013, or tax year beginning 04-01-2013 , and ending 03-31-2014

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 or province, country, and ZIP or foreign postal code
SPRINGFIELD, MA01103

A Employer identification number

04-2235130

B Telephone number (see instructions)

(413) 739-4222

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85% test,
check here and attach computation ........... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ......... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$7,226,826J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ......... bullet

	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)	15,050
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	161,193		161,193
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,197,280
b	Gross sales price for all assets on line 6a 4,526,365
7	Capital gain net income (from Part IV, line 2)...			1,197,280
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).......		7,259	705	7,259
12	Total. Add lines 1 through 11........	1,380,782		1,359,178	7,259
13	Compensation of officers, directors, trustees, etc.	75,846		3,792	3,792	68,261
14	Other employee salaries and wages......	6,213		311	311	5,591
15	Pension plans, employee benefits.......	26,003		1,300	1,300	23,403
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		11,500	5,750		5,750
c	Other professional fees (attach schedule)....		47,218	46,558	660
17	Interest...............
18	Taxes (attach schedule) (see instructions)		26,169			70
19	Depreciation (attach schedule) and depletion...		4,242		4,242
20	Occupancy..............	8,857			3,543	5,721
21	Travel, conferences, and meetings.......
22	Printing and publications..........	247				247
23	Other expenses (attach schedule).......		15,121		6,027	9,324
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	221,416		57,711	19,875	118,367
25	Contributions, gifts, grants paid........	245,250				245,250
26	Total expenses and disbursements. Add lines 24 and 25	466,666		57,711	19,875	363,617
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	914,116
b	Net investment income (if negative, enter -0-)			1,301,467
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2013)

Form 990-PF (2013)

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
Part II		Balance Sheets		(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............		13,663	8,893	8,893
	2	Savings and temporary cash investments..........		181,394	135,869	135,869
	3	Accounts receivable 13,817
		Less: allowance for doubtful accounts 5,000		17,316	8,817	8,817
	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...........		2,660	3,078	3,078
	10a	Investments—U.S. and state government obligations (attach schedule)		1,010,783	1,119,347	1,097,263
	b	Investments—corporate stock (attach schedule)........		3,875,928	4,584,242	5,191,446
	c	Investments—corporate bonds (attach schedule)........		604,111	768,231	771,558
	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 53,773
		Less: accumulated depreciation (attach schedule) 43,871		9,048	9,902	9,902
	15	Other assets (describe )		13,779	12,057
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)		5,728,682	6,650,436	7,226,826
		17	Accounts payable and accrued expenses..........		7,837	22,029
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)..........		7,837	22,029
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................		5,720,845	6,628,407
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................		5,720,845	6,628,407
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................		5,728,682	6,650,436

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	5,720,845
2	Enter amount from Part I, line 27a.....................	2	914,116
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	6,634,961
5	Decreases not included in line 2 (itemize)	5	6,554
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	6,628,407

Form 990-PF (2013)

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
1 a	PUBLICLY TRADED SECURITIES	P
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	4,493,888	3,329,085	1,164,803
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			1,164,803
b
c
d
e

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	1,197,280
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	1,164,803

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see 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))
2012	310,503	6,470,460	0.047988
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

2	Total of line 1, column (d) ......................	2	0.281810
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	0.056362
4	Enter the net value of noncharitable-use assets for 2013 from Part X, line 5.....	4	6,910,251
5	Multiply line 4 by line 3.......................	5	389,476
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	13,015
7	Add lines 5 and 6.........................	7	402,491
8	Enter qualifying distributions from Part XII, line 4..............	8	363,617
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 (2013)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	26,029
	hereand 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	26,029
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	26,029
6	Credits/Payments:

a	2013 estimated tax payments and 2012 overpayment credited to 2013	6a	5,540
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	5,540
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	20,489
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2014 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?............................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

WWW.HORACESMITHFUND.ORG

The books are in care of bullet

THE HORACE SMITH FUND Telephone no. bullet

(413) 739-4222

Located at bullet

1441 MAIN STREETSPRINGFIELDMA ZIP+4 bullet

01103

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo

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 (2013)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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 2013?.............

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)):

At the end of tax year 2013, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2013?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

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

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?.........................YesNo

If "Yes," did it have excess business holdings in 2013 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 2013.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2013?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)........YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?........................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (2013)

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 SANTANIELLO	ASST. TREASU 1.00	1,210	0	0
1441 MAIN STREET SPRINGFIELD,MA01103	ASST. TREASU 1.00	1,210	0	0
ANNE MAHONEY	VP FUND ADMN 40.00	48,787	10,106	0
1441 MAIN STREET SPRINGFIELD,MA01103	VP FUND ADMN 40.00	48,787	10,106	0
ADONIS MILLER	TREASURER 1.00	0	0	0
1441 MAIN STTREET SPRINGFIELD,MA01103	TREASURER 1.00	0	0	0
MICHAEL E TUCKER	TRUSTEE 1.00	0	0	0
1441 MAIN STREET SPRINGFIELD,MA01103	TRUSTEE 1.00	0	0	0
JAMES W BRODERICK JR	TRUSTEE 1.00	0	0	0
1441 MAIN STREET SPRINGFIELD,MA01103	TRUSTEE 1.00	0	0	0
KATHLEEN BOURQUE	TRUSTEE 1.00	0	0	0
1441 MAIN STREET SPRINGFIELD,MA01103	TRUSTEE 1.00	0	0	0
JEROME LINEHAN	TRUSTEE 1.00	0	0	0
1441 MAIN STREET SPRINGFIELD,MA01103	TRUSTEE 1.00	0	0	0
WAYNE L WEBSTER	TRUSTEE 1.00	0	0	0
1441 MAIN STREET SPRINGFIELD,MA01103	TRUSTEE 1.00	0	0	0
SAMALID HOGAN	PRESIDENT 1.00	0	0	0
1441 MAIN STREET SPRINGFIELD,MA01103	PRESIDENT 1.00	0	0	0
JOSEPHINE SARNELLI	CLERK/ EXEC 15.00	25,849	9,397	0
1441 MAIN STREET SPRINGFIELD,MA01103	CLERK/ EXEC 15.00	25,849	9,397	0

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...................

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 2013, 77 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 - 221,250 OTHER DISBURSEMENTS FOR CHARITABLE PURPOSES - 88,775	310,025
2	FELLOWSHIPS AWARDED TO ELIGIBLE STUDENTS. FOR THE SCHOOL YEAR BEGINNING SEPTEMBER 2013, 5 FELLOWSHIPS OF 4,000 EACH WERE AWARDED. TWO RECIPIENT ATTENDED COLLEGE FOR ONE HALF OF THE YEAR, SO ONLY RECEIVED 4,000. FELLOWSHIPS AWARDED - 24,000 OTHER DISBURSEMENTS FOR CHARITABLE PURPOSES - 29,592	53,592
3


4

Form 990-PF (2013)

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.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

Average of monthly cash balances.......................

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

Minimum investment return. Enter 5% of line 5..................

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

345,513

Tax on investment income for 2013 from Part VI, line 5......

26,029

Income tax for 2013. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

26,029

Distributable amount before adjustments. Subtract line 2c from line 1............

319,484

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

319,484

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1................................

319,484

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

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).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

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 (2013)

Page 8

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2013
1 Distributable amount for 2013 from Part XI, line 7			319,484
2 Undistributed income, if any, as of the end of 2013:
a Enter amount for 2012 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2013:
a From 2008.......	68,920
b From 2009.......	59,163
c From 2010.......	29,741
d From 2011.......	58,935
e From 2012.......
fTotal of lines 3a through e.........		216,759
4Qualifying distributions for 2013 from Part
XII, line 4: $ 363,617
a Applied to 2012, 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 2013 distributable amount.....			319,484
e Remaining amount distributed out of corpus		44,133
5 Excess distributions carryover applied to 2013.
(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		260,892
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 2012. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2013. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2014 ..........			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 2008 not applied on line 5 or line 7 (see instructions) ...		68,920
9Excess distributions carryover to 2014. Subtract lines 7 and 8 from line 6a ......		191,972
10 Analysis of line 9:
a Excess from 2009....	59,163
b Excess from 2010....	29,741
c Excess from 2011....	58,935
d Excess from 2012....
e Excess from 2013....	44,133

Form 990-PF (2013)

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 2013, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(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) 2013	(b) 2012	(c) 2011	(d) 2010	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or e-mail address 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 (2013)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
SCHOLARSHIP RECIPIENTS 1441 MAIN STREET SPRINGFIELD,MA01103	NONE	INDIVIDUAL	SCHOLARSHIPS	221,250
FELLOWSHIP RECIPIENTS 1441 MAIN STREET SPRINGFIELD,MA01103	NONE	INDIVIDUAL	FELLOWSHIPS	24,000
Total ................................. 3a				245,250

bApproved for future payment

Total ................................. 3b

Form 990-PF (2013)

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees 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	161,193
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot 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 .............			14	1,197,280
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aSTUDENT LOANS INTEREST					705
bCOLLECTIONS RECEIVED ON
cSTUDENT LOANS					6,554
d
e
12 Subtotal. Add columns (b), (d), and (e)..				1,358,473	7,259

13Total. Add line 12, columns (b), (d), and (e)..................

131,365,732

(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.)
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 (2013)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political

Yes

organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				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	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2013)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2013 AccountingFeesSchedule

Name:

THE HORACE SMITH FUND

EIN: 04-2235130

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PROFESSIONAL SERVICES	11,500	5,750		5,750

- TIN:

TY 2013 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

- TIN:

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

TY 2013 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	Adjusted Net Income
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	1,663	S/L	5.0000	665	665
SMART UPS	2010-12-08	872	436	S/L	5.0000	174	174
2 COMPUTERS	2011-09-26	1,499	450	S/L	5.0000	300	300
LAPTOP	2011-09-26	5,037	1,511	S/L	5.0000	1,008	1,008
COMPUTERS	2006-04-21	2,708	2,708	S/L	5.0000
WEB SITE DESIGN	2011-10-01	4,750	2,375		3.0000	1,583	1,583
KONICA	2014-03-13	5,117		S/L	5.0000	512	512

- TIN:

TY 2013 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	40,382	40,059
AT&T INC, 4.45%, 05/15/21	25,592	27,016
BANK OF NOVA SCOTIA, 2.38%, 12/17/13	35,037	35,148
BERKSHIRE HATHAWAY, 5.40%, 05/15/18	56,215	57,065
CATERPILLAR FINL SE 2.05% 08/01/2016	41,249	41,141
CISCO SYSTEMS INC, 4.95%, 02/15/19	27,537	28,130
COCA COLA CO, 1.50%, 11/15/15	49,034	50,779
COMCAST CORP 2.85% 01/15/2023	24,697	24,102
GE CAPITAL CORP 1.625% 07/02/2015	15,244	15,204
GE CAPITAL CORP, 5.63%, 09/15/17	54,891	56,730
JPMORGAN CHASE & CO, 6.00%, 01/15/18	55,133	57,385
ONTARIO PROVINCE OF 1.65% 09/27/2019	54,446	53,299
ONTARIO PROVINCE, 2.95%, 02/05/15	52,002	51,122
PFIZER INC NOTES 5.35% 03/15/2015	27,748	26,122
PROVINCE OF QUEBEC, 2.75%, 08/25/21	39,995	39,274
SBC COMMUNICATIONS, 5.10%, 09/15/14	25,120	25,524
TOYOTA MOTOR CREDIT 2.00% 09/15/2016	25,817	25,665
WACHOVIA CORP, 5.75%, 02/01/18	56,942	57,250
WAL-MART STORES 1.50% 10/25/2015	41,121	40,615
US BANCORP 1.95% 11/15/18	20,029	19,928

- TIN:

TY 2013 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
ABBOTT LABS	54,836	70,473
ABBVIE, INC.	63,844	68,362
ACE LTD
AETNA, INC.	80,885	90,714
AGILENT TECHNOLOGIES, INC.	89,112	93,386
AMERICAN EXPRESS CO	31,067	63,921
AMERICAN INTERNATIONAL GROUP	66,698	67,513
AMERIPRISE FINANCIAL, INC.	64,416	66,042
APPLE COMPUTER, INC.	122,565	134,185
APPLIED MATERIALS, INC.	60,227	71,861
ARCHER DANIELS MIDLAND CO
BED BATH & BEYOND INC
BERKSHIRE HATHAWAY INC DEL CL B NEW
BLACKROCK, INC.	118,191	122,647
BOEING COMPANY	111,399	128,000
BROADCOM CORP
BUFFALO SMALL CAP FD 1444	50,000	74,699
CAMERON INTERNATIONAL CORPORATION	48,932	52,504
CAPITAL ONE FINANCIAL GROUP	42,496	67,129
CELGENE CORP
CENTURYLINK, INC.	62,548	66,994
CHECK POINT SOFTWARE TECH LTD	35,738	44,636
CHEVRON CORP
CISCO SYSTEMS INC
CIT GROUP, INC.	69,198	68,138
CITIGROUP, INC.	67,761	65,212
CITRIX SYSTEMS, INC.	41,957	43,080
CME GROUP, INC.	76,036	67,358
COCA COLA CO
COGNIZANT TECH SOLUTIONS CORP
COLGATE PALMOLIVE CO	28,484	46,706
COMCAST CORP NEW CL A	41,053	39,016
CONOCOPHILLIPS
CVS CAREMARK CORPORATION	83,545	94,324
DANAHER CORP SHS BEN INT	68,092	96,750
DAVITA HEALTH CARE PARTNERS, INC.	37,192	39,933
DELPHI AUTOMOTIVE PLC	40,321	47,502
DEVON ENERGY CORPORATION	51,037	57,560
DIAGEO PLC ADR
E.I. DUPONT DE NEMOURS AND CO	64,425	72,468
ECOLAB INC	7,159	16,198
ELECTRONIC ARTS, INC.	32,920	38,583
EMC CORP
EXXON MOBIL CORP	69,512	97,680
FIDELITY NATIONAL INFORMATION SERVIC	72,097	75,899
FREEPORT-MCMORAN COPPER & GOLD
GENERAL MOTORS COMPANY	40,353	36,485
GENUINE PARTS COMPANY	43,344	45,162
GILEAD SCIENCES INC
HARBOR INTL FD INST CL FUND 11	250,000	311,317
HARTFORD MUTUAL FD INC MDCP CL Y	100,000	123,336
HOME DEPOT INC
IBM CORP	65,734	64,691
ILLINOIS TOOL WORKS INC
INGERSOLL-RAND PLC	56,662	59,530
INTERNATIONAL GAME TECHNOLOGY	63,875	60,599
INVESCO INTL GROWTH FD INST	250,000	321,948
J.M. SMUCKER COMPANY	38,725	37,924
JOHNSON & JOHNSON CO
JP MORGAN CHASE & CO
KOHL'S CORP	63,506	70,432
MARSH & MCLENNAN COMPANIES, INC.	76,737	82,331
MCDONALD'S CORP.	63,094	65,680
MERCK & CO INC
MICROSOFT CORP	104,653	148,384
MONDELEZ INTERNATIONAL INC
MORGAN STANLEY	63,469	62,963
NATIONAL OILWELL VARCO, INC.	92,604	86,436
NEXTERA ENERGY INC
NORTHEAST UTILITIES	57,132	60,515
NORTHERN TRUST CORPORATION	60,581	65,560
OCCIDENTAL PETROLEUM CORP	64,575	69,562
ORACLE CORP	83,185	110,048
PEPSICO, INC.	67,607	68,470
PERKINS MID CAP VALUE FUND	100,000	105,246
PFIZER
PNC BANK CORP
PRAXAIR, INC.	85,488	89,060
PRECISION CASTPARTS CORP
QUALCOMM INC
ROCKWELL COLLINS, INC.	50,373	52,582
ROYCE SPECIAL EQUITY FD 327	50,000	63,213
SEAGATE TECHNOLOGY PLC	56,146	64,584
SPDR GOLD TRUST
SPECTRA ENERGY CORP
STAPLES, INC.	38,838	32,659
STARBUCKS CORP
TEXAS INSTRUMENTS, INC.	82,289	91,490
TIME WARNER	91,113	89,502
TJX COMPANIES INC	73,088	85,517
TRANSOCEAN LTD ZUG NAMEN AKT
UNION PACIFIC CORP
UNITED TECHNOLOGIES	60,298	64,262
UNITEDHEALTH GROUP, INC.	82,071	91,829
US BANCORP DEL NEW
VERIZON COMMUNICATIONS
VISA, INC.	90,599	88,503
WALGREEN CO
WALT DISNEY CO
WELLPOINT INC COM
WELLS FARGO & CO
WISCONSIN ENERGY CORP	64,360	72,153
YUM BRANDS

- TIN:

TY 2013 InvestmentsGovtObligationsSch

Name:

THE HORACE SMITH FUND

EIN: 04-2235130

US Government Securities - End of Year Book Value:

1,119,347

US Government Securities - End of Year Fair Market Value:

1,097,263

State & Local Government Securities - End of Year Book Value:

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

- TIN:

TY 2013 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	53,773	43,871	9,902	9,902

- TIN:

TY 2013 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	13,740	12,050
ACCRUED INTEREST - STUDENT LOANS	39	7

- TIN:

TY 2013 OtherDecreasesSchedule

Name:

THE HORACE SMITH FUND

EIN: 04-2235130

Description	Amount
PRINCIPAL PAYMENTS RECEIVED	1
ON STUDENT LOAN ACCOUNTS	6,553

- TIN:

TY 2013 OtherExpensesSchedule

Name:

THE HORACE SMITH FUND

EIN: 04-2235130

Description	Revenue and Expenses per Books	Adjusted Net Income	Disbursements for Charitable Purposes
EXPENSES
BANK SERVICE CHARGES	140		140
COMPUTER EXPENSES	2,965	1,186	2,228
DUES	355		355
INSURANCE	2,813	1,125	1,688
MEALS AND ENTERTAINMENT	460		275
OFFICE EXPENSE	1,266	506	760
PARKING	1,080	1,080
POSTAGE	717		717
TELEPHONE	1,811	724	1,053
MISCELLANEOUS	3,514	1,406	2,108

- TIN:

TY 2013 OtherIncomeSchedule2

Name:

THE HORACE SMITH FUND

EIN: 04-2235130

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
STUDENT LOANS INTEREST	705	705	705
STUDENT LOANS	6,554		6,554

- TIN:

TY 2013 OtherProfessionalFeesSchedule

Name:

THE HORACE SMITH FUND

EIN: 04-2235130

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
AGENT FEES - BANKNORTH	46,558	46,558
COMPUTER CONSULTANTS	660		660

- TIN:

TY 2013 TaxesSchedule

Name:

THE HORACE SMITH FUND

EIN: 04-2235130

Category	Amount	Disbursements for Charitable Purposes
TAX EXPENSE	70	70
FEDERAL EXCISE TAXES	26,000
FOREIGN EXCISE TAXES	99