TY 2014 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.
bullet

Information 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 Timothy and Judith Smith Foundation

% Tim Smith

Number and street (or P.O. box number if mail is not delivered to street address)24500 Calabasas rd Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Calabasas, CA91302

A Employer identification number

95-4769418

B Telephone number (see instructions)

(818) 346-3144

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

$2,501,828J 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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............	300,000
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	31		31
4	Dividends and interest from securities......	69,161		69,161
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		132,858
b	Gross sales price for all assets on line 6a 922,911
7	Capital gain net income (from Part IV, line 2)...			132,858
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........	502,050		202,050
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		25,902	25,902
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		2,990	1,601
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		11,974	474	11,500
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	40,866		27,977	11,500
25	Contributions, gifts, grants paid........	158,500			158,500
26	Total expenses and disbursements. Add lines 24 and 25	199,366		27,977	170,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	302,684
b	Net investment income (if negative, enter -0-)			174,073
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	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...............
	2	Savings and temporary cash investments..........	101,504	129,320	129,320
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	488,458	482,796	479,615
	b	Investments—corporate stock (attach schedule)........	1,509,357	1,789,887	1,892,893
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,099,319	2,402,003	2,501,828
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................
	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	2,099,319	2,402,003
	30	Total net assets or fund balances (see instructions)......	2,099,319	2,402,003
	31	Total liabilities and net assets/fund balances (see instructions)..	2,099,319	2,402,003

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	2,099,319
2	Enter amount from Part I, line 27a.....................	2	302,684
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	2,402,003
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	2,402,003

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	Publicly-traded Securities
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	922,911	790,053	132,858
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			132,858
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	132,858
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

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 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	125,500	2,323,481	0.054014
2012	140,803	1,971,355	0.071424
2011	89,092	1,570,989	0.056711
2010	99,647	1,372,897	0.072582
2009	99,173	1,199,514	0.082678

2	Total of line 1, column (d) ......................	2	0.337409
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	0.067482
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	2,539,376
5	Multiply line 4 by line 3.......................	5	171,362
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	1,741
7	Add lines 5 and 6.........................	7	173,103
8	Enter qualifying distributions from Part XII, line 4..............	8	170,000
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)

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	3,481
	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	3,481
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	3,481
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	1,332
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	2,149
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	3,481
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
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 2015 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 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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?

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

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

The books are in care of bullet

Tim Smith Telephone no. bullet

(818) 346-3144

Located at bullet

24500 Calabasas RdCalabasasCA ZIP+4 bullet

91302

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 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)

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

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 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 2014?.............

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 2014, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2014?...............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 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.)....................

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 2014?

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 4945(d)(4)(A)? (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 (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
Judith L Smith	CFO / Sec / treas 1.0	0
24500 Calabasas rd Calabasas,CA91302	CFO / Sec / treas 1.0	0
Timothy Smith	CEO / Pres 1.0	0
24500 Calabasas rd Calabasas,CA91302	CEO / Pres 1.0	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










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

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


2


3


4

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

2,431,478

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

146,569

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

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

2,578,047

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

2,578,047

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

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

38,671

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

2,539,376

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

126,969

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

126,969

Tax on investment income for 2014 from Part VI, line 5......

3,481

Income tax for 2014. (This does not include the tax from Part VI.)...

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

3,481

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

123,488

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

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

123,488

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

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

123,488

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 ..........

170,000

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

170,000

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

170,000

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)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7			123,488
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......
b Total for prior years:2012, 2011, 2010
3 Excess distributions carryover, if any, to 2014:
a From 2009.......	40,010
b From 2010.......	31,957
c From 2011.......	11,340
d From 2012.......	43,296
e From 2013.......	10,610
fTotal of lines 3a through e.........		137,213
4Qualifying distributions for 2014 from Part
XII, line 4: $ 170,000
a Applied to 2013, 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 2014 distributable amount.....			123,488
e Remaining amount distributed out of corpus		46,512
5 Excess distributions carryover applied to 2014.
(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		183,725
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 2013. Subtract line 4a from line 2a. Taxable amount—see instructions .............
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) .......
8Excess distributions carryover from 2009 not applied on line 5 or line 7 (see instructions) ...		40,010
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		143,715
10 Analysis of line 9:
a Excess from 2010....	31,957
b Excess from 2011....	11,340
c Excess from 2012....	43,296
d Excess from 2013....	10,610
e Excess from 2014....	46,512

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 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) 2014	(b) 2013	(c) 2012	(d) 2011	(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).)

Judith L Smith

Timothy 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

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 email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BISHOP O'DOWD HIGH SCHOOL 9500 STEARNS AVE OAKLAND,CA94605	N/A	PC	General & Unrestricted	20,000
CALIFORNIA PROVINCE OF THE SOCIETY OF JESUS PO BOX 68 LOS GATOS,CA95031	N/A	PC	General & Unrestricted	10,000
CAPUCHIN FRANCISCAN ORDER OF CA 1345 CORTEZ AVE BURLINGAME,CA94010	N/A	PC	General & Unrestricted	5,000
CATHEDRAL HIGH SCHOOL 1253 BISHOPS RD LOS ANGELES,CA90012	N/A	PC	General & Unrestricted	5,000
CATHOLIC EDUCATION FOUNDATION 3424 WILSHIRE BLVD 3RD FL LOS ANGELES,CA90010	N/A	PC	General & Unrestricted	15,000
CATHOLIC BIG BROTHERS BIG SISTERS INC 1530 JAMES M WOOD BLVD LOS ANGELES,CA90015	N/A	PC	General & Unrestricted	2,000
DOLORES MISSION ELEMENTARY SCHOOL PAROCHIAL 170 S GLESS ST LOS ANGELES,CA90033	N/A	PC	General & Unrestricted	17,000
DOMINICAN SISTERS VISION OF HOPE 1555 34TH AVE OAKLAND,CA94601	N/A	PC	General & Unrestricted	5,000
EVANS SCHOLARS FOUNDATION 1 BRIAR RD GOLF,IL60029	N/A	PC	General & Unrestricted	5,000
FLINTRIDGE SACRED HEART ACADEMY 440 SAINT KATHERINE DR LA CANADA,CA91011	N/A	PC	General & Unrestricted	9,500
LOUISVILLE HIGH SCHOOL 22300 MULHOLLAND DR WOODLAND HILLS,CA91364	N/A	PC	General & Unrestricted	5,000
LOYOLA HIGH SCHOOL OF LOS ANGELES 1901 VENICE BLVD LOS ANGELES,CA90006	N/A	PC	General & Unrestricted	5,000
PRESIDENT-BOARD OF TRUSTEES SANTA CLARA COLLEGE 500 EL CAMINO REAL SANTA CLARA,CA95050	N/A	PC	General & Unrestricted	30,000
SOCIETY OF SAINT VINCENT DE PAUL COUNCIL OF LA 210 N AVE 21 LOS ANGELES,CA90031	N/A	PC	General & Unrestricted	1,000
ST FRANCIS HIGH SCHOOL OF LA CANADA FLINTRIDGE 200 FOOTHILL BLVD LA CANADA,CA91011	N/A	PC	General & Unrestricted	5,000
ST MATTHIAS HIGH SCHOOL 7851 GARDENDALE ST DOWNEY,CA90242	N/A	PC	General & Unrestricted	5,000
ST ODILIA SCHOOL 5300 S HOOPER AVE LOS ANGELES,CA90011	N/A	PC	General & Unrestricted	10,000
ST RAPHAEL CHURCH 942 W 70TH ST LOS ANGELES,CA90044	N/A	PC	General & Unrestricted	2,000
UNIVERSITY OF NOTRE DAME DU LAC 511 MAIN BLDG NOTRE DAME,IN46556	N/A	PC	General & Unrestricted	2,000
Total ................................. 3a				158,500

bApproved for future payment

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

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	(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 ............			14	31
4 Dividends and interest from securities....			14	69,161
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	132,858
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)..				202,050

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

13202,050

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2014)

Page 13

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) 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 (2014)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

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 Timothy and Judith Smith Foundation

Employer identification number

95-4769418

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

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

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... 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 Timothy and Judith Smith Foundation

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	Bob Smith Mini 5126 Greencrest Road La Canada, CA91011	$300,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (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 Timothy and Judith Smith Foundation

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
		$
(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
		$
(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 Timothy and Judith Smith Foundation

Employer identification number

95-4769418

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

(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

(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

(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

(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:

- TIN:

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

TY 2014 DepreciationSchedule

Name:

The Timothy and Judith Smith Foundation

EIN: 95-4769418

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included

- TIN:

TY 2014 InvestmentsCorpStockSchedule

Name:

The Timothy and Judith Smith Foundation

EIN: 95-4769418

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3M CO	7,070	11,371
ABBOTT LABS	9,323	10,688
ABBVIE INC	6,836	9,486
ACCENTURE PLC	6,566	7,070
ACE LTD	8,465	8,275
ACTIVISION BLIZZARD INC	2,158	4,609
AERCAP HOLDING N.V	1,618	1,640
AGILENT TECHNOLOGIES INC	1,187	1,707
AKAMAI TECH COM STK	2,263	5,348
AKZO NOBEL NV-ADR	4,829	5,238
ALIBABA GROUP HOLDING LIMITED	2,722	2,050
ALLEGHENY TECH	2,459	1,525
ALLIANZ FIXED SHARES SER C	282,249	257,305
ALLIANZ FIXED SHARES SER M	265,836	260,462
AMERICAN TOWER REIT INC	3,294	6,453
AMERISOURCEBERGEN CORP	2,466	4,702
ANSYS INC	1,646	3,367
AON PLC	4,395	5,887
APPLE INC	14,558	26,724
APPLIED MATERIALS INC	7,057	9,026
ARKEMA S/ADR	4,114	3,587
ASML HOLDING NV NY REG SHS	6,060	6,918
AT&T, INC	15,249	15,106
AUTODESK, INC	1,811	3,086
BANCO BILBAO ARG SA	4,454	4,078
BANK OF NOVA SCOTIA	2,964	2,510
BARCLAYS PLC ADR	6,408	5,997
BARD C R INC	1,761	3,682
BAYER A G SPONSORED ADR	3,233	3,932
BEZEQ THE ISRAELI TE	2,786	2,903
BIO RAD LABS INC CL A	1,536	2,369
BLACKROCK INC	3,831	5,444
BNP PARIBAS SPONS ADR	5,899	5,105
BOEING CO	9,034	7,971
BORG WARNER INC	1,585	3,448
BOSTON PPTYS INC	1,822	2,608
BRAMBLES LTD ADR	3,865	3,410
BUNZL PLC SPONSORED ADR	5,084	9,098
CABOT CP	1,697	1,355
CAMDEN PPTY TR	4,823	4,394
CBRE GROUP INC	3,454	4,995
CHECK POINT SOFTWARE TECHNOLOG	7,333	10,921
CHEVRON CORP	16,300	13,930
CIELO SA ADR	1,605	1,401
CISCO SYSTEMS INC	8,496	8,049
COCA-COLA CO	4,747	7,196
COLGATE-PALMOLIVE COMPANY	8,764	7,914
COMPAGNIE FINANCIERE RICHEMONT	5,219	4,187
COMPASS GROUP PLC ADR	3,578	3,473
CONOCOPHILLIPS	7,776	7,176
CONTL AG SPONS ADR	5,341	4,840
CORUS ENTERTAINMT B	4,584	2,205
CSX CORP	2,491	3,888
CULLEN FROST BANKERS INC	6,386	6,013
CUMMINS INC	2,382	4,140
CVS CAREMARK CORP	10,282	10,342
D R HORTON	3,150	6,924
DARDEN RESTAURANTS INC	1,725	3,332
DENTSPLY INTERNATIONAL INC	3,196	3,249
DEUTSCHE BOERSE ADR	3,054	4,045
DISCOVER FINL SVCS COM	7,002	6,394
DNB NOR ASA SPONSOR ADR	3,427	2,707
DOVER CORP	2,876	2,106
DU PONT DE NEMOURS	5,174	5,717
EASTMAN CHEMICAL CO	1,804	4,203
EATON CORP PLC	7,939	6,048
EATON VANCE CORP COM	2,413	3,086
ECHOSTAR HOLDING CORPORATION	2,399	2,631
EMC CORP-MASS	7,098	6,491
ENBRIDGE INC	3,583	3,175
ERICSSON L M TEL CO	5,212	4,451
EXPRESS SCRIPTS HOLDING CO	1,993	4,096
FANUC LIMITED UNSPONSORED	4,554	4,685
FIDELITY NATIONAL INFORMATION	9,201	9,807
GATX CORP	2,550	3,172
GEN DYNAMICS CP	1,833	3,977
GENERAL MILLS INC	4,730	7,265
GENERAL MOTORS	9,040	7,301
GIVAUDAN SA UNSP/ADR	3,803	5,850
GLOBAL PAYMENTS INC	1,751	4,233
GRUPO FIN ADR	3,704	2,581
HENKEL KGAA PFD SHS ADR	6,563	6,780
HOME DEPOT INC	4,081	11,995
HONEYWELL INTL	14,121	18,464
INTERCONTINENTAL EXCHANGE, INC	2,390	5,253
INTUIT	2,982	6,003
ITC HOLDINGS CORP	6,053	4,938
JOHNSON & JOHNSON	18,613	18,044
JOY GLOBAL INC	2,798	1,332
JP MORGAN CHASE	10,912	16,922
JULIUS BAER GROUP LTD	5,437	5,620
KEYCORP	2,222	3,462
KEYSIGHT TECHNOLOGIES INC	1,782	1,890
KINDER MORGAN INC	9,509	7,325
KONINKLIJKE AHOLD	4,738	6,135
L'OREAL ADR	2,989	4,142
LABORATORY CORP AMER HLDGS	3,274	3,299
LINDE AG SPONSORED ADR	6,986	7,426
LLOYDS TSB GROUP PLC	7,120	6,955
LOWES COMPANIES INC	6,749	6,502
LYONDELLBASELL INDUSTRIES NV	9,162	10,843
MACY'S INC	8,762	7,971
MARSH AND MCLENNAN COMPANIES I	6,673	6,448
MASCO CORP	2,807	3,987
MCDONALD'S CORP	4,161	5,321
MEDNAX, INC	1,683	3,625
MEDTRONIC PLC	9,561	9,181
MERCK & CO INC	11,073	12,116
MICROSOFT CORPORATION	16,416	20,628
MONSANTO CO	6,937	5,957
MURPHY OIL CP HLDG	1,724	1,023
NABORS INDUSTRIES LTD	3,011	2,077
NEW WORLD FUND, INC (F2)	100,297	95,353
NEWFIELD EXPLORATION CO	3,321	2,965
NEXTERA ENERGY, INC	9,002	8,266
NIELSEN HOLDINGS N.V	12,093	13,026
NORDEA BANK AB SPON ADR	4,428	4,928
NOVARTIS AG ADR	5,570	8,653
NOVO NORDISK A S	2,353	7,240
OCCIDENTAL PETROLEUM CORP	8,284	7,155
PACKAGING CORP AMER	11,132	10,201
PENTAIR INC. COM	2,655	2,322
PEPSICO INC	13,449	17,564
PERNOD-RECARD SA	3,842	3,929
PFIZER INC	18,874	21,684
PHILLIPS 66	6,309	6,642
PIMCO COMMODITIESPLUS STRATEGY	100,299	69,177
PNC FINANCIAL GROUP INC	8,942	10,570
PRAXAIR INC	5,275	5,711
PROCTER GAMBLE CO	6,963	7,420
PROGRESSIVE CORP OHIO	2,152	3,086
PROLOGIS	4,668	3,762
PRUDENTIAL PLC SC	6,524	6,297
PUBLICIS GROUPE S.A	5,166	4,821
RAYMOND JAMES FINANCIAL INC	2,174	3,921
REGAL ENTERTAINMENT	8,284	10,423
REINSURANCE GROUP AMER INC	2,058	3,544
RELX PLC	4,903	7,020
RENAISSANCERE HOLDINGS LTD	2,711	2,957
REPUBLIC SVCS INC	3,129	4,672
ROCHE HOLDING LTD ADR	7,800	12,093
SABMILLER PLC S/ADR	4,351	4,077
SAFRAN SA - UNSPON ADR	3,201	5,396
SAMSONITE	2,654	2,511
SANOFI-AVENTIS SPONSORED ADR	7,645	7,729
SANTEN PHARMACEUTICA	4,470	6,061
SAP AKTIENGESELL ADS	5,615	6,188
SCHNEIDER ELEC UNSP/ADR	5,851	5,279
SCOTTS CO. CLASS A	1,640	2,488
SEALED AIR CORP	2,572	7,049
SENSATA TECHNOLOGIES HOLDINGS	5,163	6,020
SGS SA UNSP ADR	5,628	5,677
SIMON PPTY GROUP INC	1,846	3,407
SMC CORPORATION	4,391	3,925
SNAP ON INC	2,552	7,349
SODEXHO ALLIANCE SA SP ADR	5,559	6,244
SOFTBANK CP UNSP ADR	5,014	6,429
SONOVA HOLDING AG AD	2,796	3,053
SPDR DJ GLOBAL REAL ESTATE	64,079	73,696
ST. JUDE MED INC	5,302	10,267
STIFEL FINANCIAL CP	3,014	3,355
SUNCOR ENERGY INC	3,814	2,880
SYNOPSYS, INC	2,160	3,097
SYSCO CORP	6,355	8,492
TE CONNECTIVITY LTD	3,429	3,320
TEVA PHARMECEUTICAL SP ADR	2,484	2,898
TIME WARNER CABLE INC	5,407	6,883
TJX COMPANIES INC	2,571	7,454
TOTAL FINA ELF S.A	6,716	6,357
TOYOTA MTR CORP	6,491	7,813
TYCO INTERNATIONAL LTD	7,031	9,327
UBS AG	7,333	8,028
UNILEVER N V N Y	4,319	5,296
UNION PACIFIC	20,033	15,862
UNITED OVRSEAS BK LTD ADR	2,785	2,597
UNITED TECHNOLOGIES CORP	6,031	7,420
UNITEDHEALTH GROUP INC	9,383	9,950
V F CORP	9,246	9,561
VALSPAR CORP	2,565	4,765
WEC ENERGY GROUP, INC	2,464	2,716
WELLS FARGO & CO	17,914	21,812
WHIRLPOOL CORP	8,550	6,892
WHITING PETROLEUM CORP	1,922	851
WILLIS GROUP HOLDINGS LTD	4,133	3,749
XILINX INC	2,500	3,477

- TIN:

TY 2014 InvestmentsGovtObligationsSch

Name:

The Timothy and Judith Smith Foundation

EIN: 95-4769418

US Government Securities - End of Year Book Value:

482,796

US Government Securities - End of Year Fair Market Value:

479,615

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

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

- TIN:

TY 2014 OtherExpensesSchedule

Name:

The Timothy and Judith Smith Foundation

EIN: 95-4769418

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Administrative Fees	11,500			11,500
Bank Charges	474	474

- TIN:

TY 2014 OtherProfessionalFeesSchedule

Name:

The Timothy and Judith Smith Foundation

EIN: 95-4769418

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	25,902	25,902

- TIN:

TY 2014 TaxesSchedule

Name:

The Timothy and Judith Smith Foundation

EIN: 95-4769418

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2015	1,300
990-PF Extension for 2014	89
Foreign Tax Paid	1,601	1,601