Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
THE TWS FOUNDATION CO THOMAS W SMITH
 

Number and street (or P.O. box number if mail is not delivered to street address)2200 BUTTS ROAD NO 320   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOCA RATON, FL33431
A Employer identification number

13-3258067
B Telephone number (see instructions)

(561) 314-0804
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E 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$5,867,601J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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).............. 8,016,900
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 42 42  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 228,415
b Gross sales price for all assets on line 6a 8,409,723
7 Capital gain net income (from Part IV, line 2)... 7,297,364
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 8,245,357 7,297,406  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 7,631 0   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 22,032 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 403,145 0   395,000
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 432,808 0   395,000
25 Contributions, gifts, grants paid........ 7,921,714 7,921,714
26 Total expenses and disbursements. Add lines 24 and 25 8,354,522 0   8,316,714
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -109,165
b Net investment income (if negative, enter -0-) 7,297,406
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
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............... 1,897,759 1,992,892 1,992,892
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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 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........... 63,023 45,220 45,220
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 4,039,783 Click to see attachment3,819,749 3,819,749
c Investments—corporate bonds (attach schedule)........      
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 bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment5,718 Click to see attachment9,740 Click to see attachment9,740
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,006,283 5,867,601 5,867,601
Liabilities 17 Accounts payable and accrued expenses.......... 33,891 10,000
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 33,891 10,000
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 5,972,392 5,857,601
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 instructions)...... 5,972,392 5,857,601
31 Total liabilities and net assets/fund balances (see instructions).. 6,006,283 5,867,601
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 5,972,392
2 Enter amount from Part I, line 27a..................... 2 -109,165
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 5,863,227
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 5,626
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 5,857,601
Form 990-PF (2014)
Form 990-PF (2014)
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 10,000 SHARES OF NEUSTAR, INC.   2010-06-03 2014-10-09
b 10,000 SHARES OF ALLIANCE DATA SYSTEMS CORPORATION   2009-02-23 2014-11-24
c 10,000 SHARES OF ALLIANCE DATA SYSTEMS CORPORATION   2009-02-23 2014-09-03
d 3,000 SHARES OF ALLIANCE DATA SYSTEMS CORPORATION   2009-02-23 2014-05-29
e 4,000 SHARES OF ALLIANCE DATA SYSTEMS CORPORATION   2009-02-23 2014-07-02
3,000 SHARES OF ALLIANCE DATA SYSTEMS CORPORATION   2009-02-23 2014-08-15
(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 245,978   214,408 31,570
b 2,862,032   299,317 2,562,715
c 2,637,888   299,317 2,338,571
d 760,421   89,795 670,626
e 1,123,335   119,727 1,003,608
780,069   89,795 690,274
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       31,570
b       2,562,715
c       2,338,571
d       670,626
e       1,003,608
      690,274
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 7,297,364
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  
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 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))
2013 7,966,692 7,016,824 1.135370
2012 5,793,137 6,436,078 0.900104
2011 5,002,602 7,708,054 0.649010
2010 3,868,420 3,144,450 1.230237
2009 3,089,437 4,407,164 0.701003
2 Total of line 1, column (d) ...................... 2 4.615724
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 0.923145
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 5,973,450
5 Multiply line 4 by line 3....................... 5 5,514,361
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 72,974
7 Add lines 5 and 6......................... 7 5,587,335
8 Enter qualifying distributions from Part XII, line 4.............. 8 8,316,714
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 (2014)
Form 990-PF (2014)
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 72,974
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 0
3 Add lines 1 and 2........................... 3 72,974
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 72,974
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 47,500
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 26,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 73,500
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 526
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet526 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 addressbulletN/A
    14
    The books are in care ofbulletTHE TWS FOUNDATION Telephone no.bullet (561) 314-0804
    Located atbullet2200 BUTTS ROAD SUITE 320BOCA RATONFL ZIP+4bullet33431
    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 2014, 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 FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    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 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 2014?.............
    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 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    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 2014 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 2014.)....................
    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 2014?
    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 4945(d)(4)(A)? (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
     
     
    .........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 (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    THOMAS W SMITH TRUSTEE
    1.00     		0 0 0
    2200 BUTTS ROAD SUITE 320
    BOCA RATON,FL33431
    LORI SMITH CURLEY TRUSTEE
    3.00     		0 0 0
    2200 BUTTS ROAD SUITE 320
    BOCA RATON,FL33431
    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 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    JAMES PIERESON CONSULTING 137,500
    264 MILLARD AVENUE
    SLEEPY HOLLOW,NY10591
    STEVE MOORE CONSULTING 125,000
    6805 CANAL BRIDGE CT
    POTOMAC,MD20854
    AMITY SHLAES CONSULTING 12,500
    15 WILLOW PLACE
    BROOKLYN,NY11201
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    4,923,350
    b
    Average of monthly cash balances.......................
    1b
    1,141,066
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,064,416
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    6,064,416
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    90,966
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,973,450
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    298,673
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    298,673
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    72,974
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    72,974
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    225,699
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    225,699
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    225,699
    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
    8,316,714
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    8,316,714
    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
    72,974
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    8,243,740
    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 (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 225,699
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 2,869,959
    b From 2010....... 3,732,675
    c From 2011....... 4,688,333
    d From 2012....... 5,538,087
    e From 2013....... 7,772,463
    fTotal of lines 3a through e......... 24,601,517
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 8,316,714
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 225,699
    e Remaining amount distributed out of corpus 8,091,015
    5 Excess distributions carryover applied to 2014. 0 0
    (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 32,692,532
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		2,869,959
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		29,822,573
    10 Analysis of line 9:
    a Excess from 2010.... 3,732,675
    b Excess from 2011.... 4,688,333
    c Excess from 2012.... 5,538,087
    d Excess from 2013.... 7,772,463
    e Excess from 2014.... 8,091,015
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, 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) 2014 (b) 2013 (c) 2012 (d) 2011
             
    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).)
    THOMAS W SMITH
    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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    THE TWS FOUNDATION CO THOMAS W SMIT
    2200 BUTTS ROAD SUITE 320
    BOCA RATON,FL33431
    (561) 314-0800
    bThe form in which applications should be submitted and information and materials they should include:
    IN WRITING WITH ALL NECESSARY INFORMATION FOR EVALUATION
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BOSTON COLLEGE
    140 COMMONWEALTH AVENUE
    CHESTNUT HILL,MA02467     		NONE 501(C)3 PC EDUCATION 84,000
    ADAM SMITH INSTITUTE TR
    1201 SEVEN LOCKS ROAD NO 360
    ROCKVILLE,MD20854     		NONE 501)C)3 PC COMMUNITY 10,000
    AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH
    1150 17TH STREET NW
    WASHINGTON,DC20036     		NONE 501(C)3 PC COMMUNITY 524,000
    AMERICAN LEGISLATIVE EXCHANGE COUNCIL
    2900 CRYSTAL DRIVE 6TH FLOOR
    ARLINGTON,VA22202     		NONE 501(C)3 PC COMMUNITY 100,000
    ALEXANDER HAMILTON INSTITUTE
    21 WEST PARK ROW
    CLINTON,NY13323     		NONE 501(C)3 PC EDUCATION/RESEARCH 50,000
    AMERICAN HEART ASSOCIATION INC
    7272 GREENVILLE AVENUE
    DALLAS,TX75231     		NONE 501(C)3 PC HEALTH 150
    AMERICAN SPECTATOR FOUNDATION INC
    1611 NORTH KENT STREET
    ARLINGTON,VA22209     		NONE 501(C)3 PC COMMUNITY 50,000
    AMERICAN TRANSPARENCY
    200 S FRONTAGE RD STE 304
    BURR RIDGE,IL60527     		NONE 501(C)3 PC EDUCATION 50,000
    AMERICAN UNIVERSITY
    4400 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20016     		NONE 501(C)3 PC EDUCATION 94,000
    ANIMAL SHELTER OF THE WOOD RIVER VALLEY
    PO BOX 1496
    HAILEY,ID83333     		NONE 501(C)3 PC ANIMAL PROTECTION AND WELFARE 200
    AVONDALE CHAPEL FUND
    16 ELM STREET
    WESTERLY,RI02891     		NONE 501(C)3 PC RELIGIOUS 300
    BATH & TENNIS CLUB HISTORIC BUILDING PRESERVATION FOUNDATION INC
    1170 SOUTH OCEAN BLVD
    PALM BEACH,FL33480     		NONE 501(C)3 PC HISTORICAL PRESERVATION 2,000
    BEACON CENTER OF TENNESSEE
    PO BOX 198646
    NASHVILLE,TN37219     		NONE 501(C)3 PC RESEARCH/EDUCATION 25,000
    BETA THETA PI FOUNDATION
    5134 BONHAM ROAD
    OXFORD,OH45056     		NONE 501(C)3 PC EDUCATION 1,000
    BROWN UNIVERSITY
    164 ANGELL STREET
    PROVIDENCE,RI02912     		NONE 501(C)3 PC EDUCATION 235,000
    CALVIN COOLIDGE MEMORIAL FDTN
    PO BOX 97
    PLYMOUTH,VT05056     		NONE 501(C)3 PC HISTORICAL PRESERVATION 170,700
    CARNEGIE HALL SOCIETY INC
    881 SEVENTH AVENUE
    NEW YORK,NY10019     		NONE 501(C)3 PC HISTORICAL PRESERVATION 25,000
    CATO INSTITUTE
    1000 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20001     		NONE 501(C)3 PC RESEARCH 65,000
    CHORUS OF WESTERLY
    119 HIGH STREET
    WESTERLY,RI02891     		NONE 501(C)3 PC ART/CULTURE, EDUCATION 2,500
    CHRISTEL HOUSE INTERNATIONAL INC
    10 WEST MARKET STREET SUITE 1990
    INDIANAPOLIS,IN46204     		NONE 501(C)3 PC EDUCATION 10,000
    CHRISTOPHER NEWPORT UNIV
    1 UNIVERSITY PLACE
    NEWPORT NEWS,VA23606     		NONE 501(C)3 PC EDUCATION 125,000
    CITIZENS AGAINST GOVERNMENTT WASTE
    1301 PENNSYLVANIA AVENUE NW SUITE
    1075
    WASHINGTON,DC20004     		NONE 501(C)3 PC EDUCATION 1,000
    CLASSROOM INC
    245 5TH AVENUE 20TH FLOOR
    NEW YORK,NY10016     		NONE 501(C)3 PC EDUCATION 10,000
    CLEMSON UNIVERSITY FOUNDATION
    PO BOX 1889
    CLEMSON,SC29633     		NONE 501(C)3 PC EDUCATION 165,000
    COLUMBIA UNIVERSITY
    116TH STREET BROADWAY
    NEW YORK,NY10027     		NONE 501(C)3 PC EDUCATION 500
    COMMENTARY INC
    561 SEVENTH AVENUE
    NEW YORK,NY10018     		NONE 501(C)3 PC RELIGION 50,000
    COMMUNITY LIBRARY
    403 FOX CHAPEL ROAD
    PITTSBURGH,PA15238     		NONE 501(C)3 PC EDUCATION, YOUTH DEVELOPMENT 2,000
    DUKE UNIVERSITY
    CAMPUS BOX 90581
    DURHAM,NC27708     		NONE 501(C)3 PC EDUCATION 225,000
    EMORY UNIVERSITY
    201 DOWMAN DRIVE
    ATLANTA,GA30322     		NONE GROUP EXEMPTION LETT EDUCATION 100,000
    ENCOUNTER FOR CULTURE AND EDUCATION
    900 BROADWAY SUITE 601
    NEW YORK,NY10003     		NONE 501)C)3 CULTURE 150,000
    GEORGETOWN UNIVERSITY
    37TH AND O STREETS NW
    WASHINGTON,DC20057     		NONE 501(C)3 PC EDUCATION 100,000
    THE GILDER LEHRMAN INSTITUTE OF AMERICAN HISTORY
    49 WEST 45TH STREET FL 6
    NEW YORK,NY10036     		NONE 501(C)3 PC EDUCATION 10,000
    CUNY GRADUATE SCHOOL OF JOURNALISM FOUNDATION INC
    219 W 40TH STREET
    NEW YORK,NY10018     		NONE 501(C)3 PC EDUCATION 300,000
    HARVARD UNIVERSITY - FOUNDATION FOR CONSTITUIONAL GOVT
    1033 MASSACHUSETTS AVENUE 3RD FLOOR
    CAMBRIDGE,MA02138     		NONE 501(C)3 PC POLITICAL STUDIES 200,000
    HERITAGE FOUNDATION
    214 MASSACHUSETTS AVENUE NE
    WASHINGTON,DC20002     		NONE 501(C)3 PC SOCIETY 100,000
    HIGHER GROUND SUN VALLEY
    160 7TH STREET
    KETCHUM,ID83340     		NONE 501(C)3 PC RECREATION, HEALTH 1,000
    CHAPMAN UNIVERSITY - IFREE
    1 UNIVERSITY DRIVE
    ORANGE,CA92866     		NONE 501(C)3 PC EDUCATION 43,643
    INSTITUTE FOR HUMANE STUDIES
    3434 WASHINGSTON BLVD MS 1C5
    ARLINGTON,VA22201     		NONE 501(C)3 PC EDUCATION 175,000
    INSTITUTE FOR JUSTICE
    901 BORTH GLEBE ROAD 990
    ARLINGTON,VA22203     		NONE 501(C)3 PC CIVIL RIGHTS 100,000
    INTELLIGENCE SQUARED US FOUNDATION
    590 MADISON AVENUE FL 30
    NEW YORK,NY10022     		NONE 501(C)3 PC RESEARCH 20,600
    INTERCOLLEGIATE STUDIES INSTITUE INC
    3901 CENTERVILLE ROAD
    WILMINGTON,DE19807     		NONE 501(C)3 PC EDUCATION 150,000
    JACK MILLER CENTER
    111 PRESIDENTIAL BLVD STE 146
    BALA CYWNYD,PA19004     		NONE 501(C)3 PC EDUCATION 152,060
    JUVENILE DIABETES FOUND
    26 BROADWAY 14TH FLOOR
    NEW YORK,NY10004     		NONE 501(C)3 PC RESEARCH 1,000
    KENYON COLLEGE
    101 SCOTT LANE
    GAMBIER,OH43022     		NONE 501(C)3 PC EDUCATION 260,000
    THE KETCHUMSUN VALLEY VOLUNTEER ASSOCIATION - FIRE DEPARTMENT
    PO BOX 1262
    KETCHUM,ID83340     		NONE 501(C)3 PC COMMUNITY 350
    LIGHTHOUSE INTERNATIONAL
    111 EAST 59TH STREET
    NEW YORK,NY10022     		NONE 501(C)3 PC HEALTH 100
    LYNNE COHEN FDTN
    324 S BEVERLY DR 717
    BEVERLY HILLS,CA90212     		NONE 501(C)3 PC HEALTH/RESEARCH 250
    MANHATTAN INSTITUTE
    52 VANDERBILT AVENUE
    NEW YORK,NY10017     		NONE 501(C)3 PC COMMUNITY 664,280
    MEDIA RESEARCH CENTER INC
    1900 CAMPUS COMMONS DRIVE 6TH FLOOR
    RESTON,VA20191     		NONE 501(C)3 PC ART/CULTURE, RESEARCH 10,000
    MIAMI UNIVERSITY FOUNDATION INC
    107 ROUDEBUSH HALL
    OXFORD,OH45056     		NONE 501(C)3 PC EDUCATION/RESEARCH 276,500
    MIAMI UNIVERSITY
    501 E HIGH STREET
    OXFORD,OH45056     		NONE 501(C)3 PC EDUCATION 226,699
    MIT
    77 MASSACHUSETTS AVENUE
    CAMBRIDGE,MA02139     		NONE 501(C)3 PC EDUCATION 25,000
    MUSEUM OF MODERN ART
    11 W 53RD STREET
    NEW YORK,NY10019     		NONE 501(C)3 PC ART/CULTURE 1,034
    NEW YORK HISTORICAL SOCIETY
    170 CENTRAL PARK WEST
    NEW YORK,NY10024     		NONE 501(C)3 PC ART/CULTURE 9,300
    NEW YORK PHILHARMONIC
    10 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		NONE 501(C)3 PC ART/CULTURE 14,406
    PACIFIC RESEARCH INSTITUTE
    101 MONTGOMERY STREET SUITE 1300
    SAN FRANCISCO,CA94104     		NONE 501(C)3 PC SOCIETY 175,000
    PALM BEACH CIVIC ASSOCIATION
    139 N COUNTRY ROAD
    PALM BEACH,FL33480     		NONE 501(C)3 PC COMMUNITY 250
    PARK AVENUE ARMORY
    643 PARK AVENUE
    NEW YORK,NY10065     		NONE 501(C)3 PC HISTORICAL PRESERVATION 25,000
    PEGGY ADAMS ANIMAL RESCUE LEAGUE
    3200 N MILITARY TRAIL
    WEST PALM BEACH,FL33049     		NONE 501(C)3 PC ANIMAL PROTECTION AND WELFARE 1,000
    PEPPERDINE UNIVERSITY
    24255 PACIOFIC COAST HWY
    MALIBU,CA90263     		NONE 501(C)3 PC EDUCATION 150,000
    PILGRIM SCHOOL
    540 S COMMONWEALTH AVENUE
    LOS ANGELES,CA90020     		NONE 501(C)3 PC EDUCATION 20,000
    PRINCETON UNIVERSITY
    PRINCETON UNIVERSITY
    PRINCETON,NJ08544     		NONE GROUP EXEMPTION LETT EDUCATION 177,500
    REAL CLEAR FOUNDATION
    1747 PENNSYLVANIA AVE NW STE 1000
    WASHINGTON,DC20006     		NONE 501(C)3 PC EDUCATION 100,000
    REASON FOUNDATION
    5737 MESMER AVENUE
    LOS ANGELES,CA90230     		NONE 501(C)3 PC RESEARCH 10,000
    RI CENTER FOR FREEDOM & PROSPERITY
    PO BOX 10069
    CRANSTON,RI02910     		NONE 501(C)3 PC COMMUNITY 10,000
    RONALD REAGAN PRESIDENTIAL LIBRARY FOUNDATION
    40 PRESIDENTIAL DRIVE SUITE 200
    SIMI VALLEY,CA93065     		NONE 501(C)3 PC ART/CULTURE 300
    SALT MARSH OPERA COMPANY
    65 CUTLER STREET
    STONINGTON,CT06378     		NONE 501(C)3 PC ART/CULTURE 500
    FOUNDATION FOR OPPORTUNITY IN EDUCATION
    26 CENTURY HILL DRIVE SUITE 203
    LATHAM,NY12110     		NONE 501(C)3 PC EDUCATION 100,000
    SISTER SERVANTS OF THE ETERNAL WORD
    3721 BELMONT ROAD
    BIRMINGHAM,AL35210     		NONE 501(C)3 PC RELIGIOUS 1,000
    SOCIETY OF THE 4 ARTS
    2 FOUR ARTS PLAZA
    PALM BEACH,FL33480     		NONE 501(C)3 PC ART/CULTURE 300
    SOCRATES SCULPTURE PARK INC
    32-01 VERNON BLVD
    LONG ISLAND CITY,NY11106     		NONE 501(C)3 PC COMMUNITY 30,000
    STATE POLICY NETWORK
    1655 N FORT MYER DRIVE
    ARLINGTON,VA22209     		NONE 501(C)3 PC COMMUNITY 50,000
    SAINT ANNS SCHOOL
    129 PIERREPONT STREET
    BROOKLYN,NY11201     		NONE 501(C)3 PC EDUCATION 89,354
    STEM CELL CANCER AND REGENERATIVE MEDICINE RESEARCH INC
    10301 HAGEN RANCH ROAD SUITE 700
    BOYNTON BEACH,FL33437     		NONE 501(C)3 PC RESEARCH 750
    STORM KING ART CENTER
    1 MUSEUM ROAD
    NEW WINDSOR,NY12553     		NONE 501(C)3 PC ART/CULTURE 25,000
    STUDENT FREE PRESS ASSOCIATIO
    4771 MECHANIC ROAD
    HILLSDALE,MI49242     		NONE 501(C)3 PC EDUCATION 50,000
    STUDENTS FOR LIBERTY
    1101 17TH STREET NW
    WASHINGTON,DC20036     		NONE 501(C)3 PC EDUCATION 25,000
    SUN VALLEY CENTER FOR THE ARTS
    191 5TH STREET E
    KETCHUM,ID83340     		NONE 501(C)3 PC EDUCATION 750
    SUN VALLEY SUMMER SYMPHONY
    120 2ND AVENUE
    KETCHUM,ID83340     		NONE 501(C)3 PC ART/CULTURE 8,900
    TEXAS TECH FOUNDATION
    PO BOX 41081
    LUBBOCK,TX79409     		NONE 501(C)3 PC EDUCATION 20,000
    THE FEDERALIST SOCIETY
    1776 I STREET NW SUITE 300
    WASHINGTON,DC20006     		NONE 501(C)3 PC COMMUNITY 110,000
    THE FOUNDATION FOR CULTURAL REVIEW - THE NEW CRITERION
    900 BROADWAY SUITE 602
    NEW YORK,NY10003     		NONE 501(C)3 PC ART/CULTURE 25,000
    UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION
    2080 ADDISON STREET
    BERKELY,CA94720     		NONE 501(C)3 PC EDUCATION 223,750
    UNIVERSITY OF CALIFORNIA - LAW SCHOOL
    385 CHARLES E YOUNG DRIVE EAST 1242
    LAW BUILDING
    LOS ANGELES,CA90095     		NONE 501(C)3 PC EDUCATION 100,000
    UNIVERSITY OF MONTANA FOUNDATION
    600 CONNELL AVENUE PO BOX 7159
    MISSOULA,MT59807     		NONE 501(C)3 PC EDUCATION 50,000
    UNIVERSITY OF RICHMOND
    28 WESTHAMPTON WAY
    UNIVERSITY OF RICHMOND,VA23173     		NONE 501(C)3 PC EDUCATION 100,000
    UNIVERSITY OF TEXAS FOUNDATION
    PO BOX 250
    AUSTIN,TX78767     		NONE 501(C)3 PC EDUCATION 100,000
    UNIVERSITY OF VIRGINIA FOUNDATION
    ONE BOARS HEAD POINTE
    CHARLOTTESVILLE,VA22903     		NONE 501(C)3 EDUCATION 100,000
    VILLANOVA UNIVERSITY (RYAN CENTER)
    800 E LANCASTER AVENUE
    VILLANOVA,PA19085     		NONE 501(C)3 PC EDUCATION 100,000
    WADE THOMAS PARENTS CLUB
    150 ROSS AVE
    SAN ANSELMO,CA94960     		NONE 501(C)3 PC SOCIAL 100
    WAKE FOREST UNIVERSITY
    1834 WAKE FOREST ROAD
    WINTONSALEM,NC27106     		NONE 501(C)3 PC EDUCATION 200,000
    WATCH HILL CONSERVANCY
    56 WELLS STREET
    WESTERLY,RI02891     		NONE 501(C)3 PC NATURAL RESOURCE PRESERVATION 200
    WATCH HILL MEMORIAL LIBRARY & IMPROVEMENT SOCIETY
    2 EVERETT AVENUE
    WATCH HILL,RI02891     		NONE 501(C)3 PC HISTORICAL PRESERVATION 50
    WATCH HILL CHAPEL SOCIETY
    5 BLUFF AVENUE
    WATCH HILL,RI02891     		NONE 501(C)3 PC COMMUNITY, RELIGION 500
    LINCOLN CENTER FOR THE PERFORMING ARTS INC
    10 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		NONE 501(C)3 PC ART/CULTURE 5,520
    WELLESLEY COLLEGE
    106 CENTRAL STREET
    WELLESLEY,MA02481     		NONE 501(C)3 PC EDUCATION 87,418
    WESTERLY HOSPITAL FOUNDATION INC
    26 WELLS STREET
    WESTERLY,RI02891     		NONE 501(C)3 HEALTH 5,000
    YALE UNIVERSITY
    YALE UNIVERSITY
    NEW HAVEN,CT06520     		NONE GROUP EXEMPTION LETT EDUCATION 125,000
    THE ACADEMY ON CAPITALISM AND LIMITED GOVERNMENT FOUNDATION
    528 E GREEN STREET SUITE 202
    CHAMPAIGN,IL61820     		NONE 501(C)3 EDUCATION 150,000
    MERCATUS CENTER INC
    3434 WASHINGTON BLVD FL 4
    ARLINGTON,VA22201     		NONE 501(C)3 PC EDUCATION, RESEARCH 200,000
    Total .................................bullet 3a 7,921,714
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    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....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 42  
    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 .............     		    18 228,415  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 228,457 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13228,457
    (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.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    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) 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 (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    THE TWS FOUNDATION CO THOMAS W SMITH
     
    Employer identification number

    13-3258067
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    THE TWS FOUNDATION CO THOMAS W SMITH
          		Employer identification number

    13-3258067
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    THOMAS W SMITH  
    2200 BUTTS ROAD SUITE 320
     
    BOCA RATON, FL33431

    		$50,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    THOMAS W SMITH  
    2200 BUTTS ROAD SUITE 320
     
    BOCA RATON, FL33431

    		$2,863,900


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    THOMAS W SMITH  
    2200 BUTTS ROAD SUITE 320
     
    BOCA RATON, FL33431

    		$5,103,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    THE TWS FOUNDATION CO THOMAS W SMITH
          		Employer identification number

    13-3258067
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 10,000 SHARES OF ADS $ 2,863,900 2014-11-24
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    3
    		 20,000 SHARES OF ADS $ 5,103,000 2014-11-24
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    THE TWS FOUNDATION CO THOMAS W SMITH
          		Employer identification number

    13-3258067
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2014 AccountingFeesSchedule
    Name:
    THE TWS FOUNDATION CO THOMAS W SMITH
    EIN: 13-3258067
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 7,631 0   0

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    THE TWS FOUNDATION CO THOMAS W SMITH
    EIN: 13-3258067
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE SECURITIES 3,819,749 3,819,749

    TY 2014 OtherAssetsSchedule
    Name:
    THE TWS FOUNDATION CO THOMAS W SMITH
    EIN: 13-3258067
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    OTHER RECEIVABLE 5,718 9,740 9,740


    TY 2014 OtherDecreasesSchedule
    Name:
    THE TWS FOUNDATION CO THOMAS W SMITH
    EIN: 13-3258067
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    THE TWS FOUNDATION CO THOMAS W SMITH
    EIN: 13-3258067
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NYS FEES 250 0   0
    CONSULTING EXPENSES 395,000 0   395,000
    OFFICE EXPENSES 7,895 0   0


    TY 2014 TaxesSchedule
    Name:
    THE TWS FOUNDATION CO THOMAS W SMITH
    EIN: 13-3258067
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 22,032 0   0