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
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
Barbara Smith Fund
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

68-0531308
B Telephone number (see instructions)

(800) 839-1754
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$9,374,959J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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) 0
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 640 640  
4 Dividends and interest from securities... 113,303 113,303  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,223,488
b Gross sales price for all assets on line 6a 9,731,613
7 Capital gain net income (from Part IV, line 2)... 1,223,488
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 173,013 24,248  
12 Total. Add lines 1 through 11........ 1,510,444 1,361,679  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 20,854     20,854
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 5,204     5,204
16a Legal fees (attach schedule)......... Click to see attachment 375 0 0 375
b Accounting fees (attach schedule)....... Click to see attachment 4,000 0 0 4,000
c Other professional fees (attach schedule).... Click to see attachment 107,822 39,212   68,610
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 15,191 491    
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 16,693 466   15,447
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 170,139 40,169 0 114,490
25 Contributions, gifts, grants paid....... 515,000 515,000
26 Total expenses and disbursements. Add lines 24 and 25 685,139 40,169 0 629,490
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 825,305
b Net investment income (if negative, enter -0-) 1,321,510
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
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.............      
2 Savings and temporary cash investments......... 567,379 566,181 566,181
3 Accounts receivable bullet1,211
Less: allowance for doubtful accounts bullet     1,211 1,211
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..........      
10a Investments—U.S. and state government obligations (attach schedule)   Click to see attachment1,790,079 1,782,545
b Investments—corporate stock (attach schedule)....... 7,071,050 Click to see attachment5,452,376 5,306,316
c Investments—corporate bonds (attach schedule).......   Click to see attachment1,192,951 1,193,307
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans............. 548,507 525,399 525,399
13 Investments—other (attach schedule).......... 514,924    
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,701,860 9,528,197 9,374,959
Liabilities 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 bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
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 8,701,860 9,528,197
30 Total net assets or fund balances (see instructions)..... 8,701,860 9,528,197
31 Total liabilities and net assets/fund balances (see instructions). 8,701,860 9,528,197
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
8,701,860
2
Enter amount from Part I, line 27a .....................
2
825,305
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,032
4
Add lines 1, 2, and 3 ..........................
4
9,528,197
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
9,528,197
Form 990-PF (2015)
Form 990-PF (2015)
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 Passthrough K1 Capital Gain      
c SEC 751 GAIN ON SALE OF PSHIPS RECLASS      
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 9,731,613   8,340,784 1,390,829
b       207
c       -167,548
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       1,390,829
b       207
c       -167,548
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,223,488
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))
2014 639,599 10,329,059 0.061922
2013 563,978 10,065,716 0.05603
2012 629,372 8,711,358 0.072247
2011 566,004 9,637,431 0.05873
2010 627,009 9,234,539 0.067898
2
Total of line 1, column (d) .....................
20.316827
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
0.063365
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
9,786,065
5
Multiply line 4 by line 3......................
5
620,094
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
13,215
7
Add lines 5 and 6........................
7
633,309
8
Enter qualifying distributions from Part XII, line 4.............
8
629,490
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 (2015)
Form 990-PF (2015)
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 Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 26,430
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 26,430
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 26,430
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 12,885
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 14,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 26,885
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 10 455
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet455 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletCA, DE
    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 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.barbarasmithfund.org
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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 2015, 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  
    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
     
    No
    ........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 2015?.............
    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 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    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 2015 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 2015.)..................
    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 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    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 (2015)
    Form 990-PF (2015)
    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
    Jaune Evans Dir / Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Michael Lerner Pres / Dir
    1.0     		20,854 3,609 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Sharyle Patton Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Oren Slozberg Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Norton Smith Dir / Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Jenifer Altman Foundation Admin/Mgmt 68,610
    PO Box 601
    BOLINAS,CA94924
    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  
    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  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    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
    8,186,359
    b
    Average of monthly cash balances.......................
    1b
    1,223,333
    c
    Fair market value of all other assets (see instructions)................
    1c
    525,399
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,935,091
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    9,935,091
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    149,026
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,786,065
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    489,303
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    489,303
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    26,430
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
    13,950
    c
    Add lines 2a and 2b............................
    2c
    40,380
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    448,923
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,032
    5
    Add lines 3 and 4............................
    5
    449,955
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    449,955
    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
    629,490
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    629,490
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    629,490
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 449,955
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:2013, 2012, 2011  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 354,995
    b From 2011...... 102,004
    c From 2012...... 203,218
    d From 2013...... 75,433
    e From 2014...... 135,961
    fTotal of lines 3a through e........ 871,611
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 629,490
    a Applied to 2014, 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 2015 distributable amount..... 449,955
    e Remaining amount distributed out of corpus 179,535
    5 Excess distributions carryover applied to 2015.    
    (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 1,051,146
    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 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. 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 2010 not
    applied on line 5 or line 7 (see instructions) ...     		354,995
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		696,151
    10 Analysis of line 9:
    a Excess from 2011.... 102,004
    b Excess from 2012.... 203,218
    c Excess from 2013.... 75,433
    d Excess from 2014.... 135,961
    e Excess from 2015.... 179,535
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 2015, 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) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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 (2015)
    Form 990-PF (2015)
    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
    SMITH FARM LTD
    1632 U ST NW
    WASHINGTON,DC20009     		N/A PC General & Unrestricted 515,000
    Total .................................bullet 3a 515,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 ...........     		    14 640  
    4 Dividends and interest from securities....     14 113,303  
    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 1,223,488  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aK-1 Inc/Loss     		525990 -23,064 14 40  
    bFederal Tax Refund     01 4,269  
    cSECTION 751 GAIN ON SALE OF PARTNERSHIPS 525990 167,548      
    dSTATE TAX REFUND     01 10  
    eINTEREST FROM NOTE RECEIVABLE     14 24,210  
    12 Subtotal. Add columns (b), (d), and (e).. 144,484 1,365,960  
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,510,444
    (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 (2015)
    Form 990-PF (2015)
    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 organizations?
    Yes
    No
    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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    Barbara Smith Fund
    EIN:
    68-0531308
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Audit Support 4,000     4,000

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

    TY 2015 DepreciationSchedule
    Name:
    Barbara Smith Fund
    EIN:
    68-0531308
    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

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    Barbara Smith Fund
    EIN:
    68-0531308
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN EXPRESS - 2.375% - 03 65,999 65,706
    BANK OF NOVA SCOTIA - 1.450% - 74,664 74,414
    CATERPILLAR FINL - 2.450% - 09 66,569 65,983
    CISCO SYSTEMS - 2.125% - 03/01 65,578 65,528
    COMCAST CORP - 3.600% - 03/01/ 66,578 67,187
    GENERAL ELEC CAP CORP - 4.650% 66,291 66,430
    HOME DEPOT - 2.625% - 06/01/20 64,166 64,932
    JOHN DEERE CAPITAL - 1.750% - 59,981 60,016
    JP MORGAN CHASE - 3.900% - 07/ 71,390 72,136
    MEDTRONIC INC - 0.875% - 02/27 59,924 59,783
    NRTN STS PWR CO - 02.60 - 15/1 68,248 68,207
    ORACLE - 2.500% - 10/15/2022 62,830 63,477
    PEPSICO INC BOND - 1.250% - 08 55,155 55,031
    SANOFI-AVENTIS - 4.000% - 03/2 64,398 64,086
    SCHLUMBERGER - 3.650% - 12/01/ 56,443 55,799
    STATOIL ASA - 3.125% - 08/17/2 51,818 51,222
    UNITED HEALTH GRP - 2.700% - 0 50,908 50,524
    WALT DISNEY CO - 3.150% - 09/1 54,894 55,873
    WELLS FARGO CO - 3.500% - 03/0 67,117 66,973

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    Barbara Smith Fund
    EIN:
    68-0531308
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 73,537 80,742
    ABB LTD 3,498 3,050
    ABBOTT LABS 58,460 53,173
    ABBVIE INC 7,632 6,576
    ABERDEEN ASSET MANAGEMENT PLC 3,565 2,778
    ACCENTURE PLC 67,368 68,029
    ACCOR SA 3,554 3,132
    ACE LTD 31,223 35,873
    ADECCO S.A. UNSP/ADR 3,528 3,007
    ADIDAS AG (OLD) 3,508 4,366
    ADOBE SYSTEMS, INC 3,528 3,945
    ADVANCE AUTO PARTS INC 36,655 31,607
    ADVANCED SEMICONDUCT 3,532 3,980
    AES CORP 3,701 2,718
    AETNA INC 3,501 3,244
    AFFILIATED MANAGERS GROUP 3,461 2,716
    AFLAC INC 3,533 3,295
    AGRIUM INC 3,471 3,038
    AIA GROUP LTD ADR 8,669 8,533
    AIR PRODS & CHEM INC 50,021 44,758
    AIRBUS GROUP 3,578 3,503
    AKZO NOBEL NV-ADR 3,478 3,266
    ALEXION PHARMACEUTICALS, INC 3,615 3,624
    ALIBABA GROUP HOLDING LIMITED 4,743 4,632
    ALLERGAN PLC 7,878 7,813
    ALLIANCE DATA SYSTEM CORP 3,507 3,595
    ALLIANZ SE ADR 7,331 7,577
    ALPHABET INC CL A 39,719 45,903
    ALPHABET INC CL C 60,061 71,334
    ALTRIA GROUP INC 6,944 7,276
    AMAZON COM 13,160 16,897
    AMBEV SA 4,506 3,715
    AMCOR LTD 3,734 3,672
    AMER INTERNATIONAL GROUP INC 5,569 5,453
    AMERICAN EXPRESS CO 43,956 38,183
    AMERICAN TOWER REIT INC 3,595 3,490
    AMERISOURCEBERGEN CORP 3,546 3,526
    AMETEK INC 3,501 3,376
    AMGEN INC 8,345 7,954
    ANGLOGOLD ASHANTI LTD 2,872 2,968
    ANHEUSER BUSCH COS INC 5,963 6,250
    AON PLC 3,548 3,227
    APPLE INC 150,099 137,153
    APTAR GROUP INC 38,870 41,047
    ARCHER DANIELS MDLND 3,562 2,788
    ARM HOLDINGS PLC 3,402 3,529
    ASHLAND INC 3,490 3,184
    ASHTEAD GROUP PLC 3,643 3,892
    ASML HOLDING NV NY REG SHS 3,405 3,107
    ASSOCIATED BRITISH FOODS PLC 3,525 3,464
    ASTRAZENECA 5,472 5,568
    AT&T, INC 12,468 12,628
    ATWOOD OCEANICS INC 3,546 1,739
    AU OPTRONICS CORP 3,556 3,294
    AUSTRALIA & N Z ADS 8,496 7,906
    AUTOMATIC DATA PROCESSING INC 42,074 44,309
    AVAGO TECHNOLOGIES LIMITED 3,533 4,064
    AVIVA PLC 3,502 3,285
    AXA ADS 5,327 5,409
    BAE SYSTEMS PLC 3,484 3,535
    BAIDU.COM - ADR 3,647 3,592
    BAKER HUGHES INC 3,588 2,815
    BALL CP 3,496 3,637
    BANCO BILBAO ARG SA 5,454 3,922
    BANCO BRADESCO S.A. SPONS ADR 3,451 2,323
    BANCO ITAU HOLDING FINANCIERA 4,048 3,333
    BANCO SANTANDER CEN 6,883 5,006
    BANCOLOMBIA SA 3,478 2,488
    BANK NEW YORK MELLON CORP COM 3,468 3,256
    BANK OF AMERICA CORP 10,715 10,350
    BANK OF MONTREAL 3,544 3,554
    BANK OF NOVA SCOTIA 3,811 3,235
    BARCLAYS PLC ADR 3,553 2,683
    BARD C R INC 57,893 55,506
    BAXTER INTERNATIONAL INC 3,446 3,205
    BAYER A G SPONSORED ADR 8,806 7,615
    BECTON DICKINSON & CO 62,962 65,334
    BERKSHIRE HATHAWAY INC. CLASS 9,339 8,715
    BIOGEN INC 4,752 4,595
    BLACKROCK INC 3,607 3,746
    BNP PARIBAS SPONS ADR 5,445 4,691
    BOEING CO 5,835 5,928
    BOSTON SCIENTIFIC 3,536 3,780
    BRAMBLES LTD UNSP AD 3,875 4,082
    BRASIL FOODS S.A 3,486 2,377
    BRIDGESTONE CORP UNSP ADR 3,472 3,281
    BRISTOL-MYERS SQUIBB CO 6,677 7,361
    BRITISH AMERICAN TOBACCO PLC 7,352 6,958
    BRITISH SKY ADS 3,556 3,492
    BROADCOM CORPORATION 3,541 3,990
    BT GROUP PLC ADS 3,499 3,392
    BURBERRY GROUP PLC 3,441 2,573
    BYD CO LTD UNSP/ADR 3,444 4,123
    CALRSBERG AS SP ADR REP B 3,462 3,562
    CAMERON INTERNATIONAL CORP 3,598 4,361
    CAN IMPERIAL BK OF COMMERCE 3,566 3,294
    CANADIAN NATL RAILWAY CO 3,657 3,297
    CANADIAN PACIFIC RAILWAY LTD 3,521 2,807
    CANON INC 3,510 3,284
    CAPITAL ONE FINANCIAL CORP 3,474 3,104
    CARNIVAL CORP 3,436 3,650
    CARNIVAL CORP PLC 3,495 3,700
    CATERPILLAR INC 3,557 3,058
    CBRE GROUP INC 3,418 3,147
    CBS CORP CL B 3,517 3,299
    CELGENE CORP 6,819 6,228
    CEMEX SA DE CV A ADS 3,504 2,417
    CENTURY LINK INC 3,543 3,120
    CF INDUSTRIES HOLDINGS, INC 3,764 2,489
    CGI GROUP INC CL A SUB VTG SHS 3,527 3,763
    CHARLES SCHWAB CORP 3,412 3,326
    CHINA CONSTRUCT UNSPON ADR 7,686 6,574
    CHINA LIFE INS CO SP ADR 6,039 5,245
    CHINA MOBILE HGK LTD 10,052 8,787
    CHUBB CORPORATION 3,504 3,714
    CHUNGHWA TELECOM 3,246 3,153
    CHURCH & DWIGHT 36,808 35,225
    CIELO SA ADR 3,474 2,427
    CINCINNATI FINANCIAL CORP 38,707 41,419
    CISCO SYSTEMS INC 35,148 38,587
    CITIGROUP INC 10,256 9,315
    CITY DEVELOPMENTS LT 3,054 3,074
    CK HUTCHISON HLDGS 5,684 5,336
    CLOROX CO 3,502 3,805
    CME GROUP, INC 3,494 3,262
    CNH INDUSTRIAL NV 3,441 2,613
    COCA COLA ENTRPR INC 3,538 3,299
    COCA COLA FEMSA SA 3,463 3,328
    COCA-COLA AMATIL LTD ADR 3,485 3,544
    COGNIZANT TECHNOLOGY SOLUTIONS 37,271 33,131
    COLGATE-PALMOLIVE COMPANY 54,983 53,696
    COMCAST CORP 79,490 79,114
    COMMERZBANK AG-SPONS ADR 3,426 3,198
    COMMONWEALTH BK AUS-SP ADR 10,474 11,207
    COMPAGNIE FINANCIERE RICHEMONT 3,443 3,062
    COMPANHIA BRASIL ADS 3,446 1,873
    COMPASS GROUP PLC ADR 3,534 3,841
    COMPASS MINERALS INTERNATIONAL 3,877 3,914
    CONSOLIDATED EDISON INC 3,548 3,406
    CONSTELLATION BRANDS INC 3,510 3,988
    CONTL AG SPONS ADR 3,503 3,608
    CORE LABORATORIES 3,657 3,371
    COSTCO WHOLESALE CORPORATION 65,657 72,997
    CREDIT SUISSE GROUP ADR 9,079 7,548
    CRH PLC - AMERICAN DEPOSITARY 3,502 3,343
    CROWN CASTLE INTL 3,568 3,631
    CROWN HOLDINGS INC 3,489 3,448
    CSL LTD 4,080 4,519
    CSX CORP 3,556 3,114
    CVS CAREMARK CORP 65,595 59,835
    DAIKIN INDS LTD ADR 3,498 3,794
    DAIWA HOUSE IND LTD 4,727 5,121
    DANAHER CORP 3,520 3,622
    DBS GROUP HLDGS SPON ADR 4,225 3,689
    DEERE CO 38,850 31,347
    DENSO CORP ADR 3,451 3,443
    DEUTSCHE BANK AG 3,883 2,850
    DEUTSCHE BOERSE ADR 3,507 3,413
    DEUTSCHE POST AG 3,535 3,278
    DEUTSCHE TELE AG ADS 4,869 4,702
    DIAGEO PLC ADS 4,382 4,363
    DIAMOND OFFSHORE DRL 3,615 3,144
    DISCOVER FINL SVCS COM 3,497 3,378
    DOLLAR GENERAL CORP 35,410 32,701
    DOMINION RESOURCES INC 3,569 3,247
    DOVER CORP 3,509 3,311
    DOW CHEMICAL PV 4,294 4,427
    DR PEPPER SNAPPLE GROUP, INC 3,515 4,008
    DR. REDDY'S LAB LTD 3,519 2,453
    DRIL QUIP INC 3,522 3,317
    DTE ENERGY CO COM 3,581 3,448
    DU PONT DE NEMOURS 3,510 4,396
    DUKE ENERGY CO 3,866 3,641
    EAST JAPAN RAILWAY C 5,426 5,178
    EASTMAN CHEMICAL CO 3,491 3,038
    EATON CORP PLC 3,500 3,018
    EBAY INC 3,502 3,435
    ECOLAB INC 3,458 3,431
    EDISION INTL 3,583 3,493
    ELECTRONIC ARTS 3,542 3,299
    ELI LILLY & CO 5,412 5,477
    EMC CORP-MASS 36,131 34,231
    EMERSON ELECTRIC CO 63,721 62,036
    EMPRESA NATL ELECTRIC 3,529 3,298
    ENERSIS S A 3,549 3,013
    ENSCO PLC 3,569 3,047
    ENTERGY CORP 3,576 3,486
    EQUINIX, INC 3,656 3,931
    EQUITY RESIDENTIAL PPTYS TR 3,522 3,753
    ESSILOR INTL ADR 3,542 3,511
    ESTEE LAUDER COMPANIES INC 3,469 3,434
    EVERSOURCE ENERGYINC 3,562 3,575
    EXELON CORPORATION 3,573 3,027
    EXPERIAN GROUP LTD S/ADR 3,513 3,416
    EXPRESS SCRIPTS HOLDING CO 67,895 67,567
    FACEBOOK INC 11,666 12,978
    FANUC LIMITED UNSPONSORED 3,716 3,803
    FEDEX CORPORATION 3,473 3,129
    FIAT CHRYSLER AUTOMOBILES NV 3,332 3,022
    FIDELITY NATIONAL INFORMATION 3,819 3,272
    FLUOR CORP 3,564 3,447
    FMC TECHS INC COM 3,543 3,046
    FOMENTO ECONOMICO MEXICANO 4,434 4,525
    FORD MOTOR COMPANY 3,509 3,368
    FRANKLIN RES INC 3,514 2,946
    FRESENIUS MED CAR AG 3,544 3,598
    FUJI HEAVY INDUS LTD ADR 3,534 3,960
    FUJIFILM HOLDINGS 3,488 3,670
    GALAXY ENTERTAINMENT GROUP LIM 3,212 1,760
    GEA GROUP AG ADR 3,496 3,456
    GEN DYNAMICS CP 3,461 3,159
    GENERAL ELECTRIC CO 15,940 19,251
    GENERAL GROWTH PPTYS INC 3,481 3,401
    GENERAL MILLS INC 47,934 46,935
    GENERAL MOTORS 3,525 3,877
    GENPACT LIMITED 3,486 3,822
    GILDAN ACTIVEWEAR INC 3,505 3,098
    GILEAD SCIENCES INC 11,133 9,714
    GIVAUDAN SA UNSP/ADR 3,637 3,626
    GLAXOSMITHKLINE PLC 6,695 6,133
    GOLDMAN SACHS GROUP 5,026 4,506
    GRAINGER W W INC 63,231 56,725
    GROUPE DANONE ADS 3,783 3,811
    GRUPO TELEVISA (ADR) 3,517 2,939
    HALLIBURTON COMPANY 3,053 3,064
    HARTFORD FINANCIALSERVICES GRO 3,467 3,173
    HCA INC 3,541 2,638
    HELMERICH PAYNE 3,587 3,052
    HENNES & MAURITZ AB 3,584 3,111
    HENRY SCHEIN INC 3,471 3,797
    HEWLETT PACKARD ENTERPRISE CO 1,827 1,824
    HITACHI LTD 3,457 3,175
    HOME DEPOT INC 8,578 9,654
    HONDA MOTOR CO LTD 3,556 3,289
    HONEYWELL INTL 4,329 4,246
    HONG KONG EX&CL UNSP/ADR 3,540 3,388
    HP INC 1,662 1,421
    HSBC HOLDINGS PLC 9,326 8,407
    HUANENG POWER INTL 3,386 2,435
    HUBBELL CLASS B 30,816 30,312
    HUMANA INC 3,531 3,392
    IBERDROLA ADR 5,957 5,947
    ICICI BK LTD ADS 3,491 2,780
    ILLINOIS TOOL WORKS 47,643 49,584
    ILLUMINA INC COM 3,533 3,263
    IMPERIAL TOBACCO GROUP PLC 3,711 3,807
    INDUSTRIA DE DISENO 3,904 3,933
    INDUSTRIAL & COM UNSP/ADR 5,604 4,939
    INFOSYS TECH LTD SPD ADR 4,885 4,590
    ING GROUP N V SPONSORED ADR 8,803 7,740
    ING US INC 3,455 2,879
    INGERSOL-RAND PLC 3,516 3,152
    INTEL CORP 6,611 7,717
    INTERCONTINENTAL EXCHANGE, INC 3,549 3,844
    INTERCONTINENTAL HOTELS GROUP 3,503 3,448
    INTERNATIONAL BUSINESS MACHINE 8,594 7,569
    INTESA SANPAOLO SPA 5,477 4,778
    INVESCO PLC 3,485 3,080
    JARDEN CORP 3,469 3,656
    JGC CORP ADR 3,469 3,239
    JOHNSON & JOHNSON 87,176 96,556
    JOHNSON CONTROLS INC 3,500 3,041
    JP MORGAN CHASE 57,575 61,144
    JULIUS BAER GROUP LTD 3,437 3,201
    KASIKORNBANK PUB CO LTD ADR CM 4,282 3,532
    KDDI CP UNSP ADR 5,055 4,919
    KIMBERLY CLARK CORP 3,468 3,819
    KOMATSU LTD 3,413 3,054
    KONINKLIJKE AHOLD 3,497 3,700
    KONINKLIJKE PHILIPS ELECTRONIC 3,452 3,181
    KOOKMIN BANK 4,717 4,153
    KOREA ELECTRIC PW CP 5,118 5,144
    KROGER CO 3,555 3,932
    KT CORP ADS 3,566 3,323
    KYOCERA CP 3,469 3,135
    L BRANDS, INC 3,502 4,120
    L'AIR LIQUIDE ADR OTC 4,278 3,701
    L'OREAL ADR 5,207 4,725
    L-3 COMMUNICATIONS CORP 3,471 3,585
    LABORATORY CORP AMER HLDGS 3,468 3,462
    LAS VEGAS SANDS CORP 3,469 2,850
    LENOVO GROUP LTD ADR 3,442 3,173
    LG. PHILIPS 3,506 3,790
    LINCOLN ELECTRIC HOLDING INC 36,764 31,134
    LINCOLN NATIONAL CORP 3,466 3,166
    LINDE AG SPONSORED ADR 3,445 2,597
    LINKEDIN CORPORATION 2,838 3,376
    LVMH MOET HENN UNSP 3,714 3,307
    LYONDELLBASELL INDUSTRIES NV 3,477 3,389
    M&T BANK CORP 29,013 27,266
    MACY'S INC 3,339 1,819
    MAGNA INTERNATIONAL INC 3,417 2,636
    MAKITA CORP 3,475 3,538
    MANULIFE FIN CORP 4,018 4,105
    MARKS & SPENCER GRP ADR 3,452 2,752
    MARRIOTT INTERNATIONAL INC. CL 3,541 3,285
    MARSH AND MCLENNAN COMPANIES I 3,468 3,327
    MASTERCARD INC 5,918 5,939
    MCDONALD'S CORP 30,748 36,742
    MEDTRONIC PLC 57,499 57,459
    MERCK & CO INC 33,564 38,030
    METHANEX CORPORATION 3,454 2,542
    METLIFE INC 3,465 3,085
    METTLER-TOLEDO INTL 35,721 37,304
    MICHELIN CIE GEN UNSP/ADR 3,613 3,433
    MICRON TECHNOLOGY 3,582 2,775
    MICROSOFT CORP 90,927 114,732
    MITSUBISHI ESTATE CO ADR 4,201 3,799
    MITSUBISHI TOKYO FIN 8,372 7,371
    MIZUHO FINANCIAL GRO 3,407 3,313
    MONDELEZ INTERNATIONAL INC 4,882 4,708
    MONSANTO CO 3,508 3,350
    MOODYS CORP 31,094 30,804
    MORGAN STANLEY 3,494 2,958
    MS&AD INS GROUP ADR 3,999 3,560
    MTN GROUP LTD SPON ADR 4,467 2,389
    MUENCHENER RUECKVERS 3,994 4,198
    MYLAN NV 3,385 3,298
    NABORS INDUSTRIES LTD 3,668 2,536
    NASPERS LTD N SPONS ADR 5,441 5,727
    NATIONAL AUSTRALIA BK LTD 8,406 7,790
    NATIONAL GRID TRANSCO PLC 4,489 4,590
    NESTLE S.A 15,638 15,628
    NETFLIX INC 3,521 3,317
    NEXTERA ENERGY, INC 3,904 3,740
    NICE SYSTEMS LTD 3,513 3,038
    NIDEC CORPORATION ADR 3,385 2,918
    NIKE INC-CL B 84,098 91,374
    NINTENDO CO LTD ADR UNSPON 3,501 2,507
    NIPPON TELEPHONE ADR 4,874 4,809
    NISSAN MOTOR LTD ASR 3,443 3,862
    NOBLE CORPORATION 3,642 2,827
    NOKIA 3,512 3,693
    NOMURA HOLDINGS ADR 3,555 2,819
    NORDEA BANK AB SPON ADR 3,474 3,139
    NORDSTROM INC 43,769 29,139
    NORFOLK SOUTHERN CORP 3,514 3,637
    NORSK HYDRO ASA 3,615 3,701
    NORTHERN TRUST CORPORATION 3,447 3,244
    NORTHROP GRUMMAN CORP 3,437 3,776
    NOVARTIS AG ADR 15,920 13,422
    NOVO NORDISK A S 7,101 7,202
    NOVOZYMES A/S UNSP/ADR 3,561 3,722
    NTT DOCOMO ADS 5,165 4,715
    O'REILLY AUTOMOTIVE INC 3,462 3,548
    OCEANERING INTL INC 3,576 3,077
    OIL STATES INTL INC 3,550 3,134
    OMNICOM GROUP 60,369 63,176
    ORACLE CORP 55,572 51,471
    ORIX CORP ADS 3,174 3,231
    ORKLA ASA SPON ADR 3,522 3,528
    OTSUKA HOLDINGS CO 3,464 3,311
    PACKAGING CORP AMER 3,444 3,026
    PANASONIC CORP 3,384 3,019
    PANDORA A/S 3,455 3,642
    PATTERSON-UTI ENERGY INC 3,665 3,031
    PAYPAL HOLDINGS, INC 3,433 3,258
    PEARSON PLC 3,460 2,070
    PENTAIR INC. COM 3,502 2,823
    PEPSICO INC 59,350 59,852
    PERRIGO CO PLC 3,383 2,605
    PFIZER INC 13,615 12,460
    PG & E CORP 3,561 3,564
    PHILIP MORRIS INTL 8,019 8,264
    PHILIPPINE LONG DISTANCE ADR 3,526 2,608
    PNC FINANCIAL GROUP INC 62,711 61,475
    POSCO 4,530 3,960
    POTASH CORPORATION OF SASKATCH 3,493 2,277
    PPG INDUSTRIES INC 34,483 33,006
    PPL CORPORATION 3,584 3,686
    PRAXAIR INC 42,339 38,502
    PRICELINE.COM INCORPORATED 3,892 3,825
    PRINCIPAL FINANCIAL GROUP 3,527 2,834
    PROCTER GAMBLE CO 65,478 68,847
    PROLOGIS 3,486 3,648
    PRUDENTIAL FINCL INC 3,445 3,175
    PRUDENTIAL PLC SC 4,428 4,102
    PT TELEKOM. IND. TBK ADR 4,462 4,795
    PUBLIC STORAGE INC 3,570 4,211
    PUBLIC SVC ENTERPRISE GROUP IN 3,533 3,211
    PUBLICIS GROUPE S.A 3,480 3,212
    QUALCOMM INC 38,121 30,391
    QUINTILES TRANSNATIONAL HOLDIN 33,606 30,897
    RAYTHEON CO 3,476 3,985
    RECKITT BENCKISER GROUP 58,514 56,126
    RED ELECTRICA DE ESPANA SA 4,321 4,426
    REXAM PLC ADR 3,563 3,622
    REYNOLDS AMERICAN INC 3,510 3,784
    ROCHE HOLDING LTD ADR 13,201 12,961
    ROCKWELL AUTOMATION INC 3,492 3,078
    ROCKWELL COLLINS INC 3,473 3,692
    ROGERS COMM CL B 3,611 3,584
    ROLLS ROYCE GRP PLC S/ADR 3,572 2,386
    ROPER INDUSTRIES 3,549 3,986
    ROSS STORES, INC 68,469 69,952
    ROWAN CO PLC 3,638 3,424
    ROYAL BANK OF CANADA 5,609 5,144
    ROYAL BANK SCOTLAND ADS 3,498 2,900
    RPC INC 3,546 3,454
    SABMILLER PLC S/ADR 3,463 4,015
    SAFRAN SA - UNSPON ADR 3,528 3,172
    SALESFORCE.COM 3,495 3,842
    SAMPO OYJ UNSPONSORED ADR 5,883 5,870
    SANDS CHINA LTD UNSP ADR 3,325 2,547
    SANLAM LTD SPONSORED ADR (SOUT 3,935 2,961
    SANOFI-AVENTIS SPONSORED ADR 9,166 7,336
    SAP AKTIENGESELL ADS 5,431 6,012
    SCHLUMBERGER LTD 9,747 8,021
    SCHNEIDER ELEC UNSP/ADR 3,414 2,836
    SEALED AIR CORP 3,475 2,854
    SECOM CO LTD ADR OTC 3,713 3,855
    SENSATA TECHNOLOGIES HOLDINGS 32,333 29,939
    SEVEN & I HOLDINGS C 5,278 5,210
    SHAW COMMUNICATIONS INC 3,520 2,939
    SHERWIN-WILLIAMS CO 3,558 3,375
    SHIN-ETSU CHEMICAL C 3,704 3,349
    SHINHAN FINL GROUP CO LTD 5,032 4,703
    SHIRE PLC 3,519 2,870
    SHOPRITE HOLDINGS LTD 3,527 2,503
    SIEMENS AG 6,670 5,963
    SILICONWARE PRECISION INDUSTRI 1,703 2,426
    SILVER WHEATON CORP 4,836 4,819
    SIMON PPTY GROUP INC 4,965 5,055
    SMITH & NEPHEW PLC ADR 3,559 3,418
    SMITHS GROUP ORD 37.5P 3,542 2,597
    SOCIETE GENERLE FRNCE ADR 3,471 3,043
    SOFTBANK CP UNSP ADR 5,156 4,282
    SONY CORP ADR 3,401 3,125
    ST. JUDE MED INC 3,495 3,027
    STANDARD BANK GROUP SPON ADR 2,882 2,828
    STANLEY BLACK & DECKER INC 3,470 3,522
    STARBUCKS CORP COM 4,224 4,502
    STATE STREET CORPORATION 51,234 43,798
    STRYKER CORPORATION 51,832 47,771
    SUMITOMO MITSUI FINCL GRP 6,436 5,503
    SUN HUNG KAI PY LTD S/ADR 5,194 5,196
    SUN LIFE FINANCIAL INC 3,477 3,182
    SUNTORY BEVERAGE & FOOD LTD AD 3,491 3,525
    SUNTRUST BKS INC 43,637 42,840
    SVENSKA CELL AKT SCA ADR 3,468 3,512
    SWEDBANK AB S/ADR 3,507 3,322
    SWISS RE LTD ADR 3,488 3,825
    SYMRISE AG UNSPONSORED 3,445 3,494
    SYNGENTA AG ADS 3,637 3,543
    SYSCO CORP 3,554 3,772
    SYSMEX CORP UNSP ASDR 3,454 3,424
    T. ROWE PRICE ASSOCIATES 64,527 61,195
    TAIWAN SEMICONDUCTOR MFG CO LT 8,802 9,646
    TAKEDA PHARMACEUTICAL CO LTD 4,913 4,756
    TARGET CORPORATION 3,556 3,267
    TATA MOTORS LTD ADS 3,373 3,625
    TELEFONICA S A ADR 5,892 4,358
    TELENOR ASA 3,541 2,787
    TELSTRA CORPORATION 4,697 4,166
    TENARIS SA-ADR 4,039 3,570
    TENCENT HOLDINGS LIMITED 9,556 10,791
    TESCO PLC S ADR 3,427 2,359
    TEVA PHARMACEUTICAL INDUSTRIES 4,879 4,595
    TEXAS INSTRUMENTS INC 3,538 3,782
    TEXTRON INC 3,488 3,445
    THE COCA-COLA CO 9,881 10,310
    THE MOSAIC CO 3,491 2,207
    THOMSON REUTERS CORPORATION 3,585 3,293
    TIME WARNER CABLE INC 3,569 3,526
    TIME WARNER INC 2,937 2,975
    TJX COMPANIES INC 3,511 3,546
    TOKIO MARINE HOLDINGS INC 5,316 4,860
    TOKYO ELECTRON LTD 3,372 3,984
    TORAY INDUSTRIES INC 3,478 3,728
    TORONTO DOMINION 4,987 4,818
    TOSHIBA CORP UNSP/ADR 3,454 2,375
    TOYOTA MTR CORP 11,210 10,828
    TRANSDIGM GRP INC 3,508 3,427
    TRANSOCEAN LTD 3,695 3,045
    TRAVELERS COMPANIES INC 3,483 3,724
    TREND MICRO INCORPORATED - AME 3,350 3,641
    TWENTY FIRST CENTURY FOX COMPA 3,532 3,178
    UBS AG 5,788 5,075
    UMC ELECTRONICS CO COM 3,579 3,771
    UNIBAIL RODAMCO SE 5,113 4,835
    UNICHARM CORP - SPN ADR 3,375 3,060
    UNILEVER N V N Y 5,317 5,242
    UNION PACIFIC 79,689 67,174
    UNITED OVRSEAS BK LTD ADR 3,670 3,582
    UNITED PARCEL SERVICE 38,697 36,471
    UNITED RENTALS INC 4,054 4,352
    UNITED TECHNOLOGIES CORP 4,442 4,323
    UNITEDHEALTH GROUP INC 8,222 8,000
    UNIVERSAL HLTH SVC B 3,560 2,987
    US BANCORP 61,597 58,885
    V F CORP 3,464 2,864
    VALEANT PHARMACEUTICALS INTL 5,848 2,440
    VALEO SA SPONS ADR 3,402 4,026
    VEOLIA ENVIRONN ADS 3,459 3,586
    VERIZON COMMUNICATIONS 11,854 11,463
    VERTEX PHARMCTLS INC 3,593 3,272
    VESTAS WIND SYS UNSP/ADR 3,487 4,436
    VIACOM INC. CL B 3,510 3,128
    VINCI SA ADR 3,478 3,403
    VISA INC 61,180 63,436
    VIVENDI SA 3,459 2,840
    VODAFONE GROUP PLC 5,382 4,645
    VOLKSWAGEN AG SPONS ADR 3,417 2,633
    VULCAN MATERIALS CO 3,507 3,419
    WABTEC 3,476 2,489
    WAL-MART DE MEX V SP/ADR 3,474 3,622
    WAL-MART STORES INC 7,030 5,946
    WALGREENS BOOTS ALLIANCE 5,515 5,024
    WALT DISNEY HOLDINGS CO 9,211 9,037
    WATERS CORP 34,673 35,664
    WELLS FARGO & CO 66,852 64,580
    WESTPAC BANKING CP 9,260 9,547
    WESTROCK COMPANY 3,486 2,509
    WHIRLPOOL CORP 3,439 2,937
    WOLSELEY PLC ADR 3,536 2,910
    WOLTERS KLUWER S/ADR 3,512 3,619
    WPP GROUP PLC 3,582 3,672
    XCEL ENERGY INC 3,546 3,555
    YAHOO! INC 3,367 3,226
    YARA INTERNATIONAL ASA 3,554 3,216
    YUM BRANDS INC 3,385 3,068
    ZIMMER BIOMET HOLDINGS 3,511 3,488
    ZOETIS INC 3,490 3,498

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    Barbara Smith Fund
    EIN:
    68-0531308
    US Government Securities - End of Year Book Value:

    811,229
    US Government Securities - End of Year Fair Market Value:

    807,216
    State & Local Government Securities - End of Year Book Value:


    978,850
    State & Local Government Securities - End of Year Fair Market Value:


    975,329


    TY 2015 LegalFeesSchedule
    Name:
    Barbara Smith Fund
    EIN:
    68-0531308
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Consultations 375     375


    TY 2015 OtherExpensesSchedule
    Name:
    Barbara Smith Fund
    EIN:
    68-0531308
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 13,097     13,097
    Bank Charges 334 334    
    Foundation Dues & Memberships 750     750
    Indemnification Insurance 1,575     1,575
    K-1 Exp ATLAS ENERGY GROUP LLC 478 1    
    K-1 Exp ATLAS ENERGY LP 263      
    K-1 Exp ENERGY TRANSFER EQUITY 17 15    
    K-1 Exp ENTERPRISE PRODUCTS PA 1      
    K-1 Exp MAGELLAN MIDSTREAM PAR 5      
    K-1 Exp MARKWEST ENERGY PARTNE 1      
    K-1 Exp PHILLIPS 66 PARTNERS L 1      
    K-1 Exp PLAINS ALL AMERICAN PI 123 109    
    K-1 Exp WESTERN GAS PARTNERS, 1      
    K-1 Exp WILLIAMS PARTNERS LP 22 7    
    State or Local Filing Fees 25     25


    TY 2015 OtherIncomeSchedule2
    Name:
    Barbara Smith Fund
    EIN:
    68-0531308
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss ATLAS ENERGY GROUP LLC -1,233 -745  
    K-1 Inc/Loss ATLAS ENERGY LP -9,563 -9  
    K-1 Inc/Loss ENERGY TRANSFER EQUITY LP -50 367  
    K-1 Inc/Loss ENTERPRISE PRODUCTS PARTNERS LP -35 -99  
    K-1 Inc/Loss MAGELLAN MIDSTREAM PARTNERS LP -1,102 4  
    K-1 Inc/Loss MARKWEST ENERGY PARTNERS L.P -1,198 232  
    K-1 Inc/Loss PHILLIPS 66 PARTNERS LP -26 160  
    K-1 Inc/Loss PLAINS ALL AMERICAN PIPELINE LP -1,603 15  
    K-1 Inc/Loss WESTERN GAS EQUITY PARTNERS, LP -2,225 35  
    K-1 Inc/Loss WESTERN GAS PARTNERS, LP -1,001 68  
    K-1 Inc/Loss WILLIAMS PARTNERS LP -4,988 10  
    751 Gain on Sale ATLAS ENERGY GROUP LLC 145    
    751 Gain on Sale ATLAS ENERGY LP 2,803    
    751 Gain on Sale ENERGY TRANSFER EQUITY LP 10,490    
    751 Gain on Sale ENTERPRISE PRODUCTS PARTNERS LP 18,034    
    751 Gain on Sale MAGELLAN MIDSTREAM PARTNERS LP 10,299    
    751 Gain on Sale MARKWEST ENERGY PARTNERS L.P 25,828    
    751 Gain on Sale PHILLIPS 66 PARTNERS LP 5,268    
    751 Gain on Sale PLAINS ALL AMERICAN PIPELINE LP 18,298    
    751 Gain on Sale WESTERN GAS EQUITY PARTNERS, LP 10,136    
    751 Gain on Sale WESTERN GAS PARTNERS, LP 18,510    
    751 Gain on Sale WILLIAMS PARTNERS LP 47,737    
    Federal Tax Refund 4,269    
    State Tax Refund 10    
    INTEREST FROM NOTE RECEIVABLE 24,210 24,210  


    TY 2015 OtherIncreasesSchedule
    Name:
    Barbara Smith Fund
    EIN:
    68-0531308
    Description Amount
    REFUND OF PRIOR YEAR EXPENSE 1,032


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    Barbara Smith Fund
    EIN:
    68-0531308
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 39,212 39,212    
    PROGRAM SERVICE FEE 36,707     36,707
    ADMINISTRATIVE FEES 31,903     31,903


    TY 2015 TaxesSchedule
    Name:
    Barbara Smith Fund
    EIN:
    68-0531308
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF TAX FOR 2015 12,700      
    990-PF TAX FOR 2014 2,000      
    FOREIGN TAX 491 491