Form990-PF
Click to see list of attachments

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 01-01-2018 , and ending 12-31-2018
Name of foundation
SMART FAMILY FOUNDATION OF ILLINOIS
 
Number and street (or P.O. box number if mail is not delivered to street address)179 E LAKESHORE DRIVE NO 16E
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60611
A Employer identification number

81-2433446
B Telephone number (see instructions)

(312) 664-1122
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$54,293,254J 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) 7,725
2 Check bullet.............
3 Interest on savings and temporary cash investments 49,866 49,860  
4 Dividends and interest from securities... 487,056 487,056  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,789,396
b Gross sales price for all assets on line 6a 22,663,925
7 Capital gain net income (from Part IV, line 2)... 9,825,317
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 16 16  
12 Total. Add lines 1 through 11........ 3,334,059 10,362,249  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 2,110 0   2,110
b Accounting fees (attach schedule)....... Click to see attachment 71,315 53,486   17,829
c Other professional fees (attach schedule).... Click to see attachment 380,802 380,802   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 125,661 16,619   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,186 0   3,186
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 5,121 2,956   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 588,195 453,863   23,125
25 Contributions, gifts, grants paid....... 2,755,230 2,755,230
26 Total expenses and disbursements. Add lines 24 and 25 3,343,425 453,863   2,778,355
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -9,366
b Net investment income (if negative, enter -0-) 9,908,386
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............. 1,079,662 2,541,183 2,541,183
2 Savings and temporary cash investments......... 3,119,730 11,567,286 11,567,286
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 23,574,070 Click to see attachment21,530,541 39,781,168
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,221,653 Click to see attachment382,660 403,617
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) 28,995,115 36,021,670 54,293,254
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 0
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..................    
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........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 28,995,115 36,021,670
30 Total net assets or fund balances (see instructions)..... 28,995,115 36,021,670
31 Total liabilities and net assets/fund balances (see instructions). 28,995,115 36,021,670
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
28,995,115
2
Enter amount from Part I, line 27a .....................
2
-9,366
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
7,035,921
4
Add lines 1, 2, and 3 ..........................
4
36,021,670
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
36,021,670
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 FIRST MANHATTAN      
b FIRST MANHATTAN      
c RUANE, CUNNIFF & GOLDFARB      
d RUANE, CUNNIFF & GOLDFARB      
e WILLIAM BLAIR      
WILLIAM BLAIR      
K-1: OAKTREE CAPITAL GROUP LLC STCG      
K-1: OAKTREE CAPITAL GROUP LLC LTCP      
STCG FROM FORM 6781      
LTCG FROM FORM 6781      
(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 11,324,776   5,021,230 6,303,546
b 2,997,659   3,074,856 -77,197
c 5,196,121   2,221,451 2,974,670
d 1,546,613   1,374,236 172,377
e 1,312,471   982,876 329,595
283,753   163,959 119,794
340     340
2,007     2,007
74     74
111     111
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       6,303,546
b       -77,197
c       2,974,670
d       172,377
e       329,595
      119,794
      340
      2,007
      74
      111
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 9,825,317
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))
2017 2,462,960 54,454,063 0.045230
2016 11,611 5,730,956 0.002026
2015      
2014      
2013      
2
Total of line 1, column (d) .....................
2
0.047256
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
0.023628
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
58,478,744
5
Multiply line 4 by line 3......................
5
1,381,736
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
99,084
7
Add lines 5 and 6........................
7
1,480,820
8
Enter qualifying distributions from Part XII, line 4,.............
8
2,778,355
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 99,084
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 99,084
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 99,084
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 81,493
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 75,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 156,493
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 424
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 56,985
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet56,985 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIL
    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. Click to see attachment...............................
    10
    Yes
     
    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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletMORRISON & MORRISON LTD Telephone no.bullet (312) 346-2141

    Located atbullet19 S LASALLE ST STE 1100CHICAGOIL ZIP+4bullet60603
    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
     
     
    .........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
    ROBERT FEITLER DIRECTOR AND PRESIDENT
    1.00     		0 0 0
    179 E LAKE SHORE DR 16E
    CHICAGO,IL60611
    JOAN FEITLER DIRECTOR, TREASURER AND SE
    1.00     		0 0 0
    179 E LAKE SHORE DR 16E
    CHICAGO,IL60611
    RICHARD FEITLER DIRECTOR
    1.00     		0 0 0
    179 E LAKE SHORE DR 16E
    CHICAGO,IL60611
    PAMELA HOEHN-SARIC DIRECTOR
    1.00     		0 0 0
    179 E LAKE SHORE DR 16E
    CHICAGO,IL60611
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    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.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    52,166,999
    b
    Average of monthly cash balances.......................
    1b
    7,202,284
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    59,369,283
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    59,369,283
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    890,539
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    58,478,744
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,923,937
    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
    2,923,937
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    99,084
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    99,084
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,824,853
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,824,853
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,824,853
    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
    2,778,355
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,778,355
    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
    99,084
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,679,271
    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 2,824,853
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 2,685,154
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 2,778,355
    a Applied to 2017, but not more than line 2a 2,685,154
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 93,201
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		2,731,652
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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 (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
    ART INSTITUTE OF CHICAGO
    111 S MICHIGAN AVE
    CHICAGO,IL60603     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 35,000
    THE ARTS CLUB OF CHICAGO
    201 E ONTARIO STREET
    CHICAGO,IL60611     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 5,000
    CHICAGO CHILDREN'S CHOIR
    78 E WASHINGTON ST 5TH FLOOR
    CHICAGO,IL60602     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 16,000
    CHICAGO HUMANITIES FESTIVAL
    500 N DEARBORN STE 825
    CHICAGO,IL60654     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 5,000
    CHICAGO SINAI CONGREGATION
    15 W DELAWARE PLACE
    CHICAGO,IL60610     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 25,000
    LURIE CHILDREN'S FOUNDATION
    225 E CHICAGO AVE BOX 4
    CHICAGO,IL60611     		NONE PUBLIC HEALTH SERVICES 54,300
    COMMUNITY HEALTH
    2611 W CHICAGO AVE
    CHICAGO,IL60622     		NONE PUBLIC HEALTH SERVICES 5,000
    FRANCIS W PARKER SCHOOL
    330 W WEBSTER AVE
    CHICAGO,IL60614     		NONE PUBLIC OTHER ACTIVITIES DIRECTED TO INDIVIDUALS 115,850
    GOODMAN THEATRE
    170 N DEARBORN
    CHICAGO,IL60601     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 10,000
    GOUCHER COLLEGE
    1021 DULANEY VALLEY RD
    BALTIMORE,MD21204     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 10,000
    GRANT PARK MUSIC FESTIVAL
    205 E RANDOLPH ST
    CHICAGO,IL60601     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 35,000
    GUN VIOLENCE PREVENTION EDUCATION CENTER
    126 E WING STREET STE 205
    ARLINGTON HEIGHTS,IL60004     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 25,000
    HARVARD UNIVERSITY
    124 MOUNT AUBURN STREET
    CAMBRIDGE,MA02138     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 5,000
    ILLINOIS ACTION FOR CHILDREN
    4753 BROADWAY STE 1200
    CHICAGO,IL60640     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 10,000
    JOHNS HOPKINS UNIVERSITY
    615 N WOLFE STREET
    BALTIMORE,MD21205     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 100,000
    KENYON COLLEGE
    COLLEGE RELATIONS CENTER
    GAMBIER,OH43022     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 10,000
    LINCOLN PARK ZOO
    2001 N CLARK ST
    CHICAGO,IL60614     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 25,000
    LYRIC OPERA OF CHICAGO
    20 N WACKER DR
    CHICAGO,IL60606     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 15,000
    MARINE CORPS SCHOLARSHIP FOUNDATION
    909 N WASHINGTON ST STE 400
    ALEXANDRIA,VA22314     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 5,000
    MUSEUM TRUSTEE ASSOCIATION
    211 E LOMBARD ST STE 179
    BALTIMORE,MD21202     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 10,000
    NATIONAL FOREST FOUNDATION
    BLDG 27 SUITE 3 FORT MISSOULA RD
    MISSOULA,MT59804     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 100,000
    NEW WORLD SYMPHONY
    500 E 17TH STREET
    MIAMI BEACH,FL33139     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 5,000
    NEW YORK-PRESBYTERIAN HOSPITAL
    654 W 170TH STREET
    NEW YORK,NY10032     		NONE PUBLIC HEALTH SERVICES 5,000
    NEWBERRY LIBRARY
    60 W WALTON STREET
    CHICAGO,IL60610     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 25,000
    RAVINIA FESTIVAL
    418 SHERIDAN RD
    HIGHLAND PARK,IL60035     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 25,000
    ROOSEVELT UNIVERSITY
    430 S MICHIGAN AVE
    CHICAGO,IL60605     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 25,000
    RUSH UNIVERSITY
    1201 W HARRISON ST STE 300
    CHICAGO,IL60607     		NONE PUBLIC HEALTH SERVICES 10,000
    STEPPENWOLF THEATRE CO
    1650 N HALSTED ST
    CHICAGO,IL60614     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 162,080
    STUDENT CONSERVATION ASSOCIATION
    4245 N FAIRFAX DR STE 825
    ARLINGTON,VA22203     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 25,000
    UNIVERSITY OF ILLINOIS FOUNDATION
    HARKER HALL MC 386 1305 W GREEN ST
    URBANA,IL61801     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 30,000
    UNIVERSITY OF PENNSYLVANIA
    2929 WALNUT STREET STE 300
    PHILADELPHIA,PA19104     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 25,000
    VASSAR COLLEGE
    124 RAYMOND AVE BOX 1
    POUGHKEEPSIE,NY12604     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 110,000
    WESLEYAN UNIVERSITY
    229 HIGH STREET
    MIDDLETOWN,CT06459     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 250,000
    WTTW
    5400 N ST LOUIS AVE
    CHICAGO,IL60625     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 25,000
    THE CHICAGO COMMUNITY TRUST
    225 N MICHIGAN AVE STE 2200
    CHICAGO,IL60601     		NONE PUBLIC CULTURAL, HISTORICAL, & OTHER EDUCATIONAL 1,400,000
    KARMA FOR CARA FOUNDATION
    401 N MICHIGAN AVE STE 3300
    CHICAGO,IL60611     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 5,000
    GIBSON ISLAND HISTORICAL SOCIETY
    534 BROADWATER WAY
    GIBSON ISLAND,MD21056     		NONE PUBLIC CULTURAL, HISTORICAL & OTHER EDUCATIONAL 2,000
    UNIVERSITY OF MIAMI
    1320 S DIXIE HWY
    CORAL GABLES,FL33146     		NONE PUBLIC EDUCATIONAL 5,000
    Total .................................bullet 3a 2,755,230
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		    14 49,866  
    4 Dividends and interest from securities....     14 487,056  
    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 2,789,396  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aSECTION 951A GILTI     		        16
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 3,326,318 16
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,326,334
    (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.)
    11A INVESTMENT INCOME FROM K-1 OAKTREE CAPITAL GROUP LLC, GILTI INCLUSION
    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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    SMART FAMILY FOUNDATION OF ILLINOIS
     
    Employer identification number

    81-2433446
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    SMART FAMILY FOUNDATION OF ILLINOIS
          		Employer identification number
    81-2433446
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    THE SMART FAMILY FOUNDATION INC
     
    1333A NORTH AVENUE 432
     
    NEW ROCHELLE, NY108042120

    		$ 7,725


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    SMART FAMILY FOUNDATION OF ILLINOIS
          		Employer identification number

    81-2433446
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    SMART FAMILY FOUNDATION OF ILLINOIS
          		Employer identification number

    81-2433446
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    SMART FAMILY FOUNDATION OF ILLINOIS
    EIN:
    81-2433446
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 71,315 53,486   17,829

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    SMART FAMILY FOUNDATION OF ILLINOIS
    EIN:
    81-2433446
    Name of Stock End of Year Book Value End of Year Fair Market Value
    A2 MILK CO LTD 432,712 433,382
    ADTALEM GLOBAL ED INC 38,085 64,828
    ALPHABET INC 1,669,304 2,483,393
    AMAZON COM INC 601,270 908,692
    ANIXTER INTL INC 154,024 113,834
    ATLAS FINANCIAL HLDGS INC 170,659 91,773
    B O K FINANCIAL CORP 116,311 117,915
    BERKSHIRE HATHAWAY INC DEL CL A 390,396 15,300,000
    BERKSHIRE HATHAWAY INC DEL CL B 15,616 612,540
    BIO RAD LABORATORIES INC 83,840 176,952
    BOOKING HLDGS INC 659,183 628,683
    BRADY CORP 176,589 262,498
    BRINKS CO 227,733 317,561
    BRISTOW GROUP INC 561,691 39,366
    CARMAX INC 1,435,663 1,601,371
    CHARLES RIV LABORATORIES INTL INC 142,375 350,066
    CONSTELLATION SOFTWARE INC 649,200 996,977
    CREDIT ACCEPTANCE CORP 483,790 868,886
    DUN & BRADSTREET CORP 146,640 188,845
    ELECTRONIC ARTS INC 711,341 605,398
    FACEBOOK INC 777,685 623,726
    FAIR ISAAC CORP 41,821 177,837
    FIRST AMERICAN FINANCIAL CORP 193,387 351,986
    HISCOX LTD 323,492 499,759
    HORACE MANN EDUCATORS CORP 44,555 94,149
    INTERFACE INC 187,656 151,307
    INTL SPEEDWAY 82,910 137,326
    JACOBS ENGR GROUP INC 632,546 772,958
    JANUS HENDERSON GROUP PLC 92,087 118,436
    JONES LANG LASALLE INC 146,531 208,637
    KENNAMETAL INC 315,202 331,203
    KNOWLES CORP 89,631 86,888
    KONINKLIJKE VOPAK NV ROTTERDAM 447,147 464,881
    LIBERTY BROADBAND CORP COM SER A 182,214 155,684
    LIBERTY BROADBAND CORP COM SER C 631,134 549,157
    LIBERTY MEDIA CORP SER A 733,755 851,894
    LITTLEFUSE INC 157,982 275,054
    MADISON SQUARE GARDEN CO 113,156 286,974
    MASTERCARD INC CL A 659,382 1,268,671
    MATTEL INC 210,458 154,286
    MATTHEWS INTL CORP 79,839 89,080
    MELROSE INDUSTRIES 526,731 495,369
    MEREDITH CORP 89,722 120,761
    METHODE ELECTRS INC 308,732 167,758
    MITCHAM INDS INC 142,748 22,231
    MOHAWK INDUSTRIES INC 219,158 328,307
    MSG NETWORK INC 190,899 249,147
    MTS SYS CORP 392,893 275,974
    NASPERS LIMITED LTD 926,695 637,760
    ROLLS-ROYCE HOLDINGS PLC 745,686 794,340
    ROSETTA STONE INC 84,669 92,299
    SCHWAB CHARLES CORP 518,310 721,625
    SIMPSON MANUFACTURING CO 251,036 328,136
    SOTHEBYS HLDGS INC 60,466 68,114
    STERICYCLE INC 226,216 137,074
    TEAM INC 327,929 165,706
    TEGNA INC 87,783 109,950
    TJX COS INC 28,073 30,423
    U S SILICA HLDGS INC 587,429 225,599
    VIVENDI 678,724 614,157
    ZEBRA TECHNOLOGIES CORP 127,650 383,585

    TY 2018 InvestmentsOtherSchedule2
    Name:
    SMART FAMILY FOUNDATION OF ILLINOIS
    EIN:
    81-2433446
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LAZARD LTD COM AT COST 239,391 269,222
    OAKTREE CAP GROUP LLC AT COST 143,269 134,395

    TY 2018 LegalFeesSchedule
    Name:
    SMART FAMILY FOUNDATION OF ILLINOIS
    EIN:
    81-2433446
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 2,110 0   2,110


    TY 2018 OtherExpensesSchedule
    Name:
    SMART FAMILY FOUNDATION OF ILLINOIS
    EIN:
    81-2433446
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 30 0   0
    COMPUTER EXPENSES 20 0   0
    INSURANCE 1,968 0   0
    PORTFOLIO DEDUCTION - SCHEDULE K-1 137 0   0
    SECRETARY OF STATE FILING FEES 10 0   0
    FOREIGN TRANSACTIONS 2,956 2,956   0


    TY 2018 OtherIncomeSchedule2
    Name:
    SMART FAMILY FOUNDATION OF ILLINOIS
    EIN:
    81-2433446
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SECTION 951A GILTI 16 16 16


    TY 2018 OtherIncreasesSchedule
    Name:
    SMART FAMILY FOUNDATION OF ILLINOIS
    EIN:
    81-2433446
    Description Amount
    RECOGNIZED FAIR MARKET VALUE EXCESS OVER BOOK VALUE OF DONATED ASSETS 7,035,921


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    SMART FAMILY FOUNDATION OF ILLINOIS
    EIN:
    81-2433446
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 380,802 380,802   0


    TY 2018 SubstantialContributorsSch
    Name:
    SMART FAMILY FOUNDATION OF ILLINOIS
    EIN:
    81-2433446
    Name Address
    THE SMART FAMILY FOUNDATION INC
          		1333A NORTH AVENUE 432
    NEW ROCHELLE,NY10804


    TY 2018 TaxesSchedule
    Name:
    SMART FAMILY FOUNDATION OF ILLINOIS
    EIN:
    81-2433446
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 16,619 16,619   0
    FEDERAL EXCISE TAX 109,042 0   0