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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 04-01-2018 , and ending 03-31-2019
Name of foundation
THE HORACE SMITH FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)16 UNION AVE SUITE 2K
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WESTFIELD, MA01085
A Employer identification number

04-2235130
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... 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$7,039,828J 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) 200
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 127,359 127,359  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 135,065
b Gross sales price for all assets on line 6a 4,157,026
7 Capital gain net income (from Part IV, line 2)... 135,065
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 450 64 450
12 Total. Add lines 1 through 11........ 263,074 262,488 450
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 84,279 4,214 4,214 75,851
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 29,820 1,491 1,491 26,838
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 12,525 6,263   6,262
c Other professional fees (attach schedule).... Click to see attachment 38,943 38,943    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,727 233   2,494
19 Depreciation (attach schedule) and depletion... Click to see attachment 2,619   2,619
20 Occupancy.............. 15,019   6,008 9,011
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 1,636     1,636
23 Other expenses (attach schedule)....... Click to see attachment 21,274   8,275 12,999
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 208,842 51,144 22,607 135,091
25 Contributions, gifts, grants paid....... 292,008 292,008
26 Total expenses and disbursements. Add lines 24 and 25 500,850 51,144 22,607 427,099
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -237,776
b Net investment income (if negative, enter -0-) 211,344
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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.............   3,878 3,878
2 Savings and temporary cash investments......... 134,052 400,909 400,909
3 Accounts receivable bullet4,450
Less: allowance for doubtful accounts bullet200 4,015 4,250 4,250
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet   50,000    
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.......... 3,795 9,069 9,069
10a Investments—U.S. and state government obligations (attach schedule) 1,171,036 Click to see attachment1,235,609 1,238,394
b Investments—corporate stock (attach schedule)....... 4,039,441 Click to see attachment3,796,788 4,823,896
c Investments—corporate bonds (attach schedule)....... 827,386 Click to see attachment534,456 539,973
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet56,888
Less: accumulated depreciation (attach schedule) bullet48,267 8,973 Click to see attachment8,621 8,621
15 Other assets (describe bullet) Click to see attachment8,109 Click to see attachment10,838 Click to see attachment10,838
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,246,807 6,004,418 7,039,828
Liabilities 17 Accounts payable and accrued expenses.......... 6,766 2,497
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)......... 6,766 2,497
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 6,240,041 6,001,921
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 6,240,041 6,001,921
31 Total liabilities and net assets/fund balances (see instructions). 6,246,807 6,004,418
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
6,240,041
2
Enter amount from Part I, line 27a .....................
2
-237,776
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
6,002,265
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
344
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
6,001,921
Form 990-PF (2018)
Form 990-PF (2018)
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 PUBLICALLY TRADED SECURITIES P    
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,058,213   4,021,961 36,252
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       36,252
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 135,065
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 36,252
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))
2017 418,987 7,258,128 0.057727
2016 376,482 6,562,003 0.057373
2015 396,484 6,949,059 0.057056
2014 378,709 7,267,276 0.052112
2013 363,617 6,910,251 0.052620
2
Total of line 1, column (d) .....................
2
0.276888
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.055378
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
7,078,466
5
Multiply line 4 by line 3......................
5
391,991
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,113
7
Add lines 5 and 6........................
7
394,104
8
Enter qualifying distributions from Part XII, line 4,.............
8
427,099
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 (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
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 2,113
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 2,113
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 2,113
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 5,800
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,800
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 3,687
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet2,120 RefundedBullet 11 1,567
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
 
 
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the 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 (2018)
    Form 990-PF (2018)
    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.HORACESMITHFUND.ORG
    14
    The books are in care ofbulletJOSEPHINE SARNELLI Telephone no.bullet (413) 739-4222

    Located atbullet16 UNION AVE SUITE 2KWESTFIELDMA ZIP+4bullet01085
    15
    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
    15
     
    16 At any time during calendar year 2018, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. 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
     
     
    ........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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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:
    Yes
    No
    (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
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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
    WAYNE L WEBSTER PRESIDENT
    1.00     		0 0 0
    16 UNION AVE STE 2K
    WESTFIELD,MA01085
    JAMES W BRODERICK JR TREASURER
    1.00     		0 0 0
    16 UNION AVE STE 2K
    WESTFIELD,MA01085
    PATRICIA A SANTANIELLO ASST. TREASU
    1.00     		1,200 0 0
    16 UNION AVE STE 2K
    WESTFIELD,MA01085
    JOSEPHINE SARNELLI CLERK/ EXEC
    10.00     		32,044 11,687 0
    16 UNION AVE STE 2K
    WESTFIELD,MA01085
    TERESA REGINA TRUSTEE
    1.00     		0 0 0
    16 UNION AVE STE 2K
    WESTFIELD,MA01085
    MICHAEL E TUCKER TRUSTEE
    1.00     		0 0 0
    16 UNION AVE STE 2K
    WESTFIELD,MA01085
    KATHLEEN BOURQUE TRUSTEE
    1.00     		0 0 0
    16 UNION AVE STE 2K
    WESTFIELD,MA01085
    ANTHONY GIACOMONI TRUSTEE
    1.00     		0 0 0
    16 UNION AVE STE 2K
    WESTFIELD,MA01085
    CHRISTINE BLACKE OFFICE ADMIN
    37.50     		51,035 11,687 0
    16 UNION AVE STE 2K
    WESTFIELD,MA01085
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 SCHOLARSHIPS AWARDED TO ELIGIBLE STUDENTS FOR THE SCHOOL YEAR BEGINNING SEPTEMBER 2018, 99 SCHOLARSHIPS OF 2,500 EACH WERE AWARDED. SOME RECIPIENTS ONLY ATTENDED COLLEGE FOR ONE HALF OF THE YEAR, SO RECEIVED ONLY 1,250 AND SOME SMALLER SCHOLARSHIPS WERE ALSO AWARDED. SCHOLARSHIPS AWARDED - 238,750 OTHER DISBURSEMENTS FOR CHARITABLE PURPOSES - 113,837 352,587
    2 FELLOWSHIPS AWARDED TO ELIGIBLE STUDENTS. FOR THE SCHOOL YEAR BEGINNING SEPTEMBER 2018, 16 FELLOWSHIPS OF 4,000 EACH WERE AWARDED. SEVEN RECIPIENTS ATTENDED COLLEGE FOR THE WHOLE YEAR. SOME SMALLER AMOUNTS WERE ALSO AWARDED. FELLOWSHIPS AWARDED - 53,258 OTHER DISBURSEMENTS FOR CHARITABLE PURPOSES - 21,254 74,512
    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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    6,792,119
    b
    Average of monthly cash balances.......................
    1b
    368,570
    c
    Fair market value of all other assets (see instructions)................
    1c
    25,571
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,186,260
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    7,186,260
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    107,794
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,078,466
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    353,923
    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.)
    1
    Minimum investment return from Part X, line 6....................
    1
    353,923
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    2,113
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,113
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    351,810
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    351,810
    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
    351,810
    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
    427,099
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    427,099
    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
    2,113
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    424,986
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 351,810
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 44,133
    b From 2014...... 21,090
    c From 2015...... 53,017
    d From 2016...... 51,066
    e From 2017...... 67,617
    fTotal of lines 3a through e........ 236,923
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 427,099
    a Applied to 2017, 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 2018 distributable amount..... 351,810
    e Remaining amount distributed out of corpus 75,289
    5 Excess distributions carryover applied to 2018.    
    (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 5 312,212
    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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		44,133
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		268,079
    10 Analysis of line 9:
    a Excess from 2014.... 21,090
    b Excess from 2015.... 53,017
    c Excess from 2016.... 51,066
    d Excess from 2017.... 67,617
    e Excess from 2018.... 75,289
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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 foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    THE HORACE SMITH FUND
    16 UNION AVE STE 2K
    WESTFIELD,MA01085
    (413) 739-4222
    bThe form in which applications should be submitted and information and materials they should include:
    THERE ARE THREE ASSISTANCE PROGRAMS OFFERED THROUGH THE HORACE SMITH FUND. DETAILED INFORMATION IS AVAILABLE ONLINE AT WWW.HORACESMITHFUND.ORG. STUDENTS MAY APPLY FOR THE WALTER S BARR SCHOLARSHIP AVAILABLE TO HIGH SCHOOL SENIORS WHO WILL BE ENTERING COLLEGE FOR THE FIRST TIME AND TO COLLEGE STUDENTS CONTINUING THEIR UNDERGRADUATE STUDIES. COLLEGE GRADUATES CONTINIUNG THEIR EDUCATION IN GRADUATE SCHOOL MAY APPLY FOR THE WALTER S BARR FELLOWSHIP. SPECIAL NEEDS STUDENTS MAY APPLY FOR THE WILLIAM R. ROONEY AWARD AVAILABLE TO HIGH SCHOOL SENIORS WHO WILL BE ENTERING COLLEGE FOR THE FIRST TIME. EACH APPLICATION MAY BE SUBMITTED ONLINE AT THE FUND'S WEBSITE OR MAILED IN WRITING. EACH APPLICATION MUST BE ACCOMPANIED BY THREE REFERENCES FROM UNRELATED INDIVIDUALS, A FINANCIAL PROFILE AND OTHER REQUIREMENTS ARE NOTED ON THE WEBSITE.
    cAny submission deadlines:
    APPLICATION DEADLINES FOR ALL SCHOLARSHIPS, AWARDS AND FELLOWSHIPS IS MARCH 15TH.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    BARR SCHOLARSHIPS ARE AVAILABLE TO STUDENTS LIVING IN HAMPDEN COUNTY, MASSACHUSETTS SEEKING A COLLEGE EDUCATION. APPLICANTS MUST BE GRADUATES OF HAMPDEN COUNTY, MASSACHUSETTS SECONDARY SCHOOLS. FELLOWSHIP APPLICANTS MUST BE RESIDENTS OF HAMPDEN COUNTY OR QUALIFIED FORMER RESIDENTS. IT IS THE POLICY OF THE FUND TO PROVIDE SUPPLEMENTARY AID WHERE OTHER RESOURCES AVAILABLE TO THE PROSPECTIVE STUDENT ARE NOT ADEQUATE TO CARRY OUT THE PLANNED EDUCATIONAL PROGRAM.
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    SCHOLARSHIP RECIPIENTS
    16 UNION AVE
    WESTFIELD,MA01085     		NONE INDIVIDUAL SCHOLARSHIPS 238,750
    FELLOWSHIP RECIPIENTS
    16 UNION AVE
    WESTFIELD,MA01085     		NONE INDIVIDUAL FELLOWSHIPS 53,258
    Total .................................bullet 3a 292,008
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 127,359  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    14 135,065  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aSTUDENT LOANS INTEREST     		        64
    bCOLLECTIONS RECEIVED ON          
    cSTUDENT LOANS         344
    dMISCELLANEOUS INCOME         42
    e
    12 Subtotal. Add columns (b), (d), and (e)..   262,424 450
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    262,874
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    11B INCOME ALLOWED FUND TO INCREASE SCHOLARSHIPS AWARDED
    11B INTEREST INCOME REINVESTED TO INCREASE SCHOLARSHIPS
    11B PAYMENTS RECEIVED ALLOWS FUND TO AWARD MORE SCHOLARSHIPS
    11B INCREASED AMOUNTS AVAILABLE FOR SCHOLARSHIPS
    Form 990-PF (2018)
    Form 990-PF (2018)
    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) (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) (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 (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    THE HORACE SMITH FUND
    EIN:
    04-2235130
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL SERVICES 12,525 6,263   6,262

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

    TY 2018 DepreciationSchedule
    Name:
    THE HORACE SMITH FUND
    EIN:
    04-2235130
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    TELEPHONE 1998-08-11 300 300 S/L 7.0000        
    PLAIN PAPER FAX 1998-07-09 230 230 S/L 5.0000        
    LOAN PROCESSING SOFTWARE 1999-01-31 28,026 28,026 S/L 3.0000        
    FIREPROOF FILE CABINET 2005-05-04 670 670 S/L 5.0000        
    FIREPROOF FILE CABINET 2005-12-30 480 480 S/L 5.0000        
    XEROX PRINTER 2007-05-21 609 609 S/L 5.0000        
    LAPTOP 2011-09-26 5,037 5,037 S/L 5.0000        
    WEB SITE DESIGN 2011-10-01 4,750 4,750   3.0000        
    KONICA 2014-03-13 5,117 4,605 S/L 5.0000 512   512  
    SERVER 2017-05-12 5,444 544 S/L 5.0000 1,089   1,089  
    FIREWALL HARDWARE 2017-08-02 1,499 150 S/L 5.0000 300   300  
    2 COMPUTERS 2017-12-07 2,458 246 S/L 5.0000 491   491  
    CARPET & PADS 2019-03-06 2,268   S/L 5.0000 227   227  

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THE HORACE SMITH FUND
    EIN:
    04-2235130
    Name of Bond End of Year Book Value End of Year Fair Market Value
    APPLE INC. 3.45% 5/6/24 20,474 20,644
    BANK OF AMERICA 3% 12/20/23 19,746 19,920
    BANK OF AMERICA 3.25% 10/21/27 19,211 19,581
    BANK OF MONTREAL 2.55% 11/6/22 19,648 19,934
    BANK OF NOVA SCOTIA 2.8% 7/21/21 19,939 20,057
    BB&T CORP 2.75% 4/1/22 9,940 10,002
    BERKSHIRE HATHWAY 2.75% 3/15/23 34,993 35,209
    BP CAP MKTS AMER 4.23% 11/6/28 10,568 10,696
    CANADIAN IMP BK 2.55% 6/16/11 14,840 14,964
    CHEVRON CORP 2.95% 5/16/26 19,728 20,145
    COMCAST CORP 2.85% 1/15/23 24,904 25,095
    EXXON MOBIL 2.22% 03/01/21 19,824 19,909
    GENERAL DYNAMICS 3% 5/11/21 15,062 15,135
    JOHNSON & JOHNSON 2.9% 1/15/28 14,700 14,916
    JP MORGAN CHASE 3.2% 6/15/26 24,362 24,838
    JP MORGAN CHASE 3.25% 9/23/22 10,080 10,140
    MANULIFE FINANCIAL 4.15% 3/4/26 10,374 10,521
    MICROSOFT CORP 2.4% 8/8/26 14,309 14,542
    ONTARIO PROVINCE 2.2% 10/3/22 58,813 59,310
    ONTARIO PROVINCE OF 1.65% 09/27/2019    
    PROVINCE OF QUEBEC 2.75% 8/25/21 35,052 35,242
    ROYAL BANK OF CANADA 2.75% 2/1/22 9,973 10,028
    SHELL INTL FIN 2.5% 9/12/26 14,253 14,494
    STATE STREET CORP 3.55% 8/18/25 10,241 10,369
    TDAM 1-5 CORP BOND PORTFOLIO    
    TDAM 5-10 YR CORP BOND PORTFOLIO    
    TOYOTA MOTOR 2.6% 1/11/22 24,844 25,013
    US BANCORP 3.15% 4/27/27 9,899 10,059
    WELLS FARGO & CO 2.5% 3/4/21 24,758 24,879
    WELLS FARGO & CO 3% 10/23/26 14,357 14,626
    WESTPAC BKG CORP 2.85% 5/13/26 9,564 9,705

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE HORACE SMITH FUND
    EIN:
    04-2235130
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE, INC.    
    ALLERGAN PLC    
    ALPHABET INC CL-C 134,815 175,997
    AMERICAN INTERNATIONAL GROUP 74,672 67,604
    AMERIPRISE FINANCIAL, INC. 39,815 46,116
    AMETEK, INC. 46,943 51,441
    ANADARKO PETROLEUM CORP 101,959 63,217
    APPLE COMPUTER, INC. 118,560 260,232
    APPLIED MATERIALS, INC. 47,915 98,357
    AXA EQUITABLE HOLDINGS INC. 91,085 88,012
    BANK AMERI CORP 108,883 126,914
    BANK OF THE OZARKS 90,919 62,887
    BLACKROCK, INC.    
    BOEING COMPANY 45,336 129,683
    BOOKING HOLDINGS, INC. 41,649 34,898
    BOSTON SCIENTIFIC 74,401 84,436
    BROADCOM LTD 69,421 87,206
    CAPITAL ONE FINANCIAL CORPORATION 72,487 63,718
    CARMAX, INC. 43,940 46,068
    CENTENE CORP 82,710 87,084
    CHUBB LTD 34,911 40,623
    CITIZENS FINANCIAL GROUP 56,338 58,825
    COCA COLA CO 62,884 68,884
    COMCAST CORP NEW CL A    
    COSTCO WHOLESALE CORP 88,575 106,542
    DANAHER CORP SHS BEN INT 42,690 118,818
    DISCOVER FINANCIAL SERVICES INC    
    DOLLAR GENERAL CORP 54,170 83,510
    DOWDUPONT, INC. 76,610 81,085
    EASTMAN CHEMICAL COMPANY 67,743 56,151
    ECOLAB INC    
    ELECTRONIC ARTS 54,179 59,962
    EPOCH US SMALL MID CAP EQUITY FUND    
    EVEREST REINSURANCE GROUP LTD 22,518 21,596
    FACEBOOK, INC. 56,969 56,675
    FIRST DATA CORP    
    FORTUNE BRANDS HOME & SECURITY    
    HARBOR INTL FD INST CL FUND 11    
    HOME DEPOT INC 46,461 72,918
    INGERSOLL-RAND PLC 56,065 102,553
    INVESCO INTL GROWTH FD INST 250,000 302,462
    JACOBS ENGINEERING GROUP INC 53,493 63,160
    JOHNSON CONTROLS INTERNATIONAL    
    LINDE PLC 44,395 47,501
    MARTIN MARIETTA MATERIALS, INC. 67,753 76,448
    MARVELL TECHNOLOGY GROUP LTD 81,800 94,279
    METLIFE, INC. 81,900 74,498
    MGM RESORTS INTERNATIONAL 76,384 66,716
    MICROSOFT CORP 82,610 272,441
    MOLSON COORS BREWING CO    
    MORGAN STANLEY 92,943 91,574
    NIELSON HOLDINGS PLC EUR    
    NORFOLK SOUTHERN CORP 39,364 69,149
    NVR, INC. 51,701 55,340
    OCCIDENTAL PETROLEUM CORP 116,334 97,976
    PFIZER 104,308 116,368
    PTC, INC 67,890 90,336
    SIGNATURE BANK    
    STARBUCKS CORP    
    TIME WARNER    
    TJX COMPANIES INC 40,568 81,943
    ULTA SALON COSMETICS & FRAGRANCES    
    UNITED TECHNOLOGIES CORPORATION 70,166 70,890
    UNITEDHEALTH GROUP, INC. 56,976 140,938
    UNIVERSAL DISPLAY CORP 91,957 94,767
    UNIVERSAL HEALTH SERVICES, INC. 85,645 89,626
    VISA, INC. 46,308 109,333
    WEC ENERGY GROUP INC 49,419 86,988
    WHIRLPOOL CORP    
    WILLIS TOWERS WATSON 41,833 54,452
    XPO LOGISTICS, INC. 97,418 74,699

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    THE HORACE SMITH FUND
    EIN:
    04-2235130
    US Government Securities - End of Year Book Value:

    1,235,609
    US Government Securities - End of Year Fair Market Value:

    1,238,394
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2018 LandEtcSchedule2
    Name:
    THE HORACE SMITH FUND
    EIN:
    04-2235130
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND BUILDINGS AND EQUIMENT 56,888 48,267 8,621 8,621


    TY 2018 OtherAssetsSchedule
    Name:
    THE HORACE SMITH FUND
    EIN:
    04-2235130
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST - INVESTMENTS 8,109 10,838 10,838


    TY 2018 OtherDecreasesSchedule
    Name:
    THE HORACE SMITH FUND
    EIN:
    04-2235130
    Description Amount
    PRINCIPAL PAYMENTS RECEIVED 1
    ON STUDENT LOAN ACCOUNTS 343


    TY 2018 OtherExpensesSchedule
    Name:
    THE HORACE SMITH FUND
    EIN:
    04-2235130
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    COMPUTER EXPENSES 4,240   1,696 2,544
    DUES 354     354
    INSURANCE 2,406   962 1,444
    MEALS AND ENTERTAINMENT 620     620
    MISCELLANEOUS 6,198   2,473 3,725
    OFFICE EXPENSE 4,154   1,662 2,492
    PARKING 545   545  
    POSTAGE 414     414
    TELEPHONE 2,343   937 1,406


    TY 2018 OtherIncomeSchedule2
    Name:
    THE HORACE SMITH FUND
    EIN:
    04-2235130
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    STUDENT LOANS INTEREST 64 64 64
    STUDENT LOANS 344   344
    MISCELLANEOUS INCOME 42   42


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE HORACE SMITH FUND
    EIN:
    04-2235130
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AGENT FEES - BANKNORTH 38,943 38,943    


    TY 2018 TaxesSchedule
    Name:
    THE HORACE SMITH FUND
    EIN:
    04-2235130
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN EXCISE TAXES 233 233    
    FEDERAL EXCISE TAXES 2,494     2,494