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 10-01-2018 , and ending 09-30-2019
Name of foundation
DR BOB & JEAN SMITH FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)3811 TURTLE CREEK BLVD NO 750
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DALLAS, TX75219
A Employer identification number

51-0137245
B Telephone number (see instructions)

(214) 521-3461
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$21,293,709J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 192,017 192,017  
4 Dividends and interest from securities... 411,606 411,606  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 513,900
b Gross sales price for all assets on line 6a 6,104,827
7 Capital gain net income (from Part IV, line 2)... 513,900
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 21,809 21,809  
12 Total. Add lines 1 through 11........ 1,139,332 1,139,332  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 243,300 173,610   69,690
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 99,715 91,715   8,000
b Accounting fees (attach schedule)....... Click to see attachment 75,148 75,148   0
c Other professional fees (attach schedule).... Click to see attachment 110,606 110,606   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 34,064 16,005   3,389
19 Depreciation (attach schedule) and depletion... Click to see attachment 5,855 5,855  
20 Occupancy.............. 81,112 81,112   0
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 71,267 57,368   8,035
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 721,067 611,419   89,114
25 Contributions, gifts, grants paid....... 1,082,935 1,082,935
26 Total expenses and disbursements. Add lines 24 and 25 1,804,002 611,419   1,172,049
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -664,670
b Net investment income (if negative, enter -0-) 527,913
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............. 149,765 963,233 963,233
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,654,877 Click to see attachment3,527,764 3,261,478
c Investments—corporate bonds (attach schedule)....... 4,703,955 Click to see attachment3,374,176 3,422,760
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 12,865,255 Click to see attachment11,863,951 13,641,202
14 Land, buildings, and equipment: basis bullet82,339
Less: accumulated depreciation (attach schedule) bullet77,303 8,219 Click to see attachment5,036 5,036
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,382,071 19,734,160 21,293,709
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) Click to see attachment73,797 Click to see attachment90,556
23 Total liabilities (add lines 17 through 22)......... 73,797 90,556
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.................. 20,308,274 19,643,604
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)..... 20,308,274 19,643,604
31 Total liabilities and net assets/fund balances (see instructions). 20,382,071 19,734,160
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
20,308,274
2
Enter amount from Part I, line 27a .....................
2
-664,670
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
19,643,604
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
19,643,604
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 LONG TERM CAPITAL GAIN DISTRIBUTIONS FROM PARTNERSHIPS P    
b SHORT TERM CAPITAL GAIN DISTRIBUTIONS FROM PARTNERSHIPS P    
c AT&T INC P    
d ABBIVE INC P    
e ADOBE INC P    
ADOBE INC P    
AMAZON COM INC P    
AMERICAN TOWER CO P    
CELGENE CORP P    
CELGENE CORP P    
COLGATE PALMOLIVE CO P    
CVE HEALTH CORP P    
ECOLAB INC P    
FACEBOOK INC P    
GARRETT MOTION P    
KONTOOR BRANDS P    
KONTOOR BRANDS P    
LINDE PLC F P    
LIVENT CORP P    
LIVENT CORP P    
PRAXAIR INC P    
PRAXAIR INC P    
RESIDEO TECHNOLOGIES P    
ROCKWELL AUTOMATION P    
ROPER TECHNOLOGIES P    
SEI INVESTMENTS CO P    
TRIMBLE INC P    
VISA INC P    
PHILIP MORRIS INTL INC P    
AES CORP P    
AES CORP P    
SPDR S&P 500 ETF P    
SPDR S&P 500 ETF P    
NUSTAR LOGISTICS LP P    
TEEKAY LNG PARTNERS LP P    
TEEKAY LNG PARTNERS LP P    
TEEKAY LNG PARTNERS LP P    
DUN & BRADSTREET CORP P    
ARTISAN PARTNETS ASSET P    
JACK HENRY & ASSOC INC P    
PROCTOR & GAMBLE CO P    
CALL IBM P    
CALL IBM P    
CALL STT P    
CALL STT P    
CALL TD P    
CALL TD P    
CALL TD P    
CALL TD P    
CALL UNH P    
CALL INTC P    
CALL PRU P    
CALL MET P    
CALL UTX P    
CALL UTX P    
CALL TXN P    
CALL TXN P    
CALL PG P    
CALL XOM P    
CALL HD P    
CALL CVS P    
CALL CVS P    
CALL MDLZ P    
CALL MDLZ P    
CALL MDLZ P    
CALL MDLZ P    
CALL MDLZ P    
CALL HON P    
CALL HON P    
CALL HON P    
CALL GS P    
CALL GS P    
CALL CTL P    
CALL CTL P    
CALL GOOG P    
CALL APPL P    
CALL APPL P    
CALL DWDP P    
CALL IWM P    
CALL IJR P    
CALL IJH P    
CALL IJH P    
BUCKEYE PARTNERS 4.8% P    
HEALTH CARE REIT 5.25% P    
HCA INC 6.5% P    
JEFFERIES GROUP 6.87% P    
STIFEL FINCL CORP 3.5% P    
VIACOM INC 4.25% P    
VIACOM INC 4.25% P    
AT&T INC 2.3% P    
ASTRAZENEC PLC 1.75% P    
APPLE INC 1.7% P    
BUCKEYE PARTNERS 2.65% P    
FORD MTR CREDIT 2.37% P    
GOLDMAN SACHS GRO 7.5% P    
MORGAN STANLEY 2.5% P    
TOYOTA MTR CREDIT 1.7% P    
UNITEDHEALTH GROUP 1.7% P    
WALT DISNEY CO 5.5% P    
CATERPILLAR FINL SERVICE P    
CALL VGK P    
CALL VGK P    
CALL VPL P    
CALL VEA P    
CALL VEA P    
CALL VEA P    
CALL EFA P    
CALL VOE P    
CALL VOE P    
CALL VOE P    
CALL VOE P    
CALL VOE P    
CALL IWM P    
CALL IJR P    
CALL IJH P    
CALL IJH P    
CALL VBR P    
CALL VBR P    
CALL IWM P    
CALL IJR P    
CALL IJR P    
CALL IJH P    
CALL IJH P    
BLACKROCK MULTI ASSET P    
BLACKROCK STRATEGIC INCOME P    
JENSEN QUALITY GROWTH FD P    
TCW TOTAL RETURN BOND P    
WESTERN ASSET CORE PLUS P    
ISHARES CORE US AGGREGATE P    
ISHARES RUSSELL 2000 VALUE P    
VANGUARD WORLD FD MEGA P    
VANGUARD ADMIRAL FDS P    
INVESCO OPPENHEIMER STEELPATH P    
OAKTREE STRATEGIC INCOME P    
HFF INC P    
RE/MAX HOLDINGS P    
SALLY BEAUTY HOLDINGS P    
ANIKA THERAPEUTICS INC P    
ANIKA THERAPEUTICS INC P    
BADGER METER INC P    
BADGER METER INC P    
BANK OF HAWAII P    
BROOKS AUTOMATION P    
CDW CORP P    
FIRST FINANCIAL BANKSHARES INC P    
HFF INC P    
HOULIHAN LOKEY INC P    
JONES LANG LASALLE P    
LANDSTAR SYSTEM INC P    
NATIONAL BEVERAGE CORP P    
PRIMERICA INC P    
RLI CORP P    
RE/MAX HOLDINGS P    
RE/MAX HOLDINGS P    
RE/MAX HOLDINGS P    
SALLY BEAUTY HOLDINGS P    
SITEONE LANDSCAPING P    
WD 40 CO P    
WATSCO INC P    
CA INC P    
CINEMARK USA INC P    
KRAFT HEINZ FOODS CO P    
L BRANDS INC P    
MICROSHIP TECHNOLOGY INC P    
REYNOLDS AMERICAN INC P    
SIGNET UK PLC P    
US TREASURY NOTE P    
WESCO DISTR P    
AT&T INC P    
AMERICAN TOWER CORP P    
CBS OUTDOOR AMERS CORP P    
CDK GLOBAL INC P    
CDW LLC FIN CORP P    
CDW LLC FIN CORP P    
CAMPBELL SOUP COMPANY P    
CENTURYTEL INC P    
DAVITA INC P    
DAVITA INC P    
DISCOVERY COMMNS LLC P    
DUN & BRADSTREET CORP P    
EXPEDIA INC P    
GANNETT CO INC P    
GAP INC P    
KLA-TENCORP CORP P    
KOHLS CORP P    
L BRANDS INC P    
L BRANDS INC P    
LTD BRANDS INC P    
MASCO CORP P    
MASCO CORP P    
MASCO CORP P    
MOTOROLA SOLUTIONS INC P    
PENSKE AUTO GRP INC P    
PENSKE AUTO GRP INC P    
PENSKE AUTO GRP INC P    
PENSKE AUTO GRP INC P    
QVC INC P    
SBA COMMNS CORP P    
SALLY HLDGS INC P    
SIGNET UK PLC P    
SIGNET UK PLC P    
STEEL DYNAMICS INC P    
STEEL DYNAMICS INC P    
STEEL DYNAMICS INC P    
TEMPUR SEALY INTL INC P    
TRANSDIGM INC P    
TRINITY ACQ PLC P    
TRINITY INDS INC P    
UNITED RENT NORTH AMERICA P    
UNITED RENT NORTH AMERICA P    
VERISK ANALYTICS INC P    
WESCO DISTR P    
WESCO DISTR P    
WESTERN DIGITAL CORP P    
SABINE ROYALTY TRUST P    
SPDR S&P 500 ETF P    
GIVAUDAN SA P    
KIMBERLY CLARK DE MEXICO P    
AKZO NOBEL NV P    
ASTELLAS PHARMA INC P    
DASSAULT SYSTEMES SA P    
EXPERIAN PLC P    
GIVAUDAN SA P    
KIMBERLY CLARK DE MEXICO P    
LVMH MOET HENNESSY P    
SCHLUMBERGER LTD P    
ACCENTURE PLC IRELAND P    
ALCON INC P    
PROCTOR & GAMBLE CO P    
PROCTOR & GAMBLE CO P    
CALL VOD P    
CALL MDLZ P    
CALL IBM P    
CALL STT P    
CALL INTC P    
CALL UNH P    
CALL CVS P    
CALL WFC P    
CALL PRU P    
CALL MET P    
CALL MET P    
CALL MMM P    
CALL CTL P    
CALL HON P    
CALL HD P    
CALL DIS P    
CALL CVX P    
CALL CSCO P    
CALL CSCO P    
CALL TXN P    
CALL TXN P    
CALL CMCSA P    
CALL XOM P    
CALL AMGN P    
CALL AMGN P    
CALL UTX P    
CALL GOOG P    
PROCTOR & GAMBLE CO P    
MONDELEZ INTERNATIONAL P    
MONDELEZ INTERNATIONAL P    
CALL CSCO P    
CALL MDLZ P    
CISCO SYSTEMS INC P    
CISCO SYSTEMS INC P    
CALL CVS P    
CALL UNH P    
CALL WFC P    
CALL HSBC P    
CALL DWDP P    
CALL STT P    
CALL VOD P    
CALL GS P    
CALL AMGN P    
CALL MCD P    
DALL DWDP P    
CALL HD P    
CALL DIS P    
CALL VOE P    
CALL IJR P    
CALL VBR P    
CALL IWM P    
CALL IJH P    
CALL DWDP P    
CALL TD P    
CALL DOW P    
CALL UNH P    
CALL INTC P    
CALL WFC P    
CALL XOM P    
CALL VOD P    
CALL MMM P    
CALL STT P    
CALL IBM P    
CALL AMGN P    
WALT DISNEY CO P    
HOME DEPOT INC P    
MCDONALDS CORP P    
ISHARES CORE S&P MIDCAP P    
ISHARES CORE S&P SMALL P    
VANGUARD SMALL CAP P    
VANGUARD MID-CAP VALUE P    
ISHARES TR RUSSELL 2000 P    
CALL VBR P    
CALL VOE P    
CALL IJR P    
CALL IJH P    
CALL IWM P    
GOLDMAN SACHS P    
CALL GOOG P    
CALL TD P    
CALL PRU P    
CALL PRU P    
CALL CVX P    
CALL MET P    
CALL GS P    
TEXAS INSTRUMENTS P    
CALL TGT P    
CALL TXN P    
TEXAS INSTRUMENTS P    
CALL GS P    
CALL DOW P    
CALL MMM P    
CALL CVX P    
CALL XOM P    
CALL INTC P    
CALL PRU P    
CALL MET P    
CALL VEA P    
CALL VPL P    
CALL VGK P    
CALL VWO P    
CALL EFA P    
CALL EFA P    
EXPIRATION OF VARIOUS OPTIONS P    
(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 29,189     29,189
b 5,209     5,209
c 30,481   32,703 -2,222
d 78,918   71,113 7,805
e 13,437   6,402 7,035
27,583   10,925 16,658
17,821   7,471 10,350
100,000   100,000 0
26,591   34,708 -8,117
103,599   103,396 203
46,393   49,211 -2,818
100,000   100,000 0
17,460   11,943 5,517
26,011   21,241 4,770
893   729 164
26   26 0
4,088   4,772 -684
61,478   65,380 -3,902
10   6 4
10,863   6,431 4,432
32,690   22,508 10,182
32,690   23,823 8,867
2,094   1,953 141
58,181   51,909 6,272
16,311   9,128 7,183
70,574   76,755 -6,181
12,035   9,936 2,099
15,383   8,176 7,207
62,008   73,661 -11,653
14,248   10,951 3,297
12,877   9,518 3,359
120,386   93,949 26,437
14,063   12,811 1,252
29,028   27,373 1,655
2,475   2,038 437
27,585   22,421 5,164
18,093   16,306 1,787
13,211   13,139 72
15,762   22,037 -6,275
14,597   8,388 6,209
44,588   44,375 213
144   38 106
864   228 636
2,580   260 2,320
1,350   130 1,220
260   100 160
134   50 84
130   50 80
280   175 105
3,740   10,220 -6,480
1,275   660 615
2,088   693 1,395
1,139   357 782
760   485 275
152   97 55
845   170 675
338   68 270
345   2,755 -2,410
850   350 500
1,192   108 1,084
1,040   280 760
832   224 608
39   11 28
78   24 54
273   84 189
468   144 324
117   36 81
705   1,000 -295
705   1,040 -335
3,525   5,250 -1,725
636   69 567
300   46 254
115   35 80
575   175 400
5,427   2,362 3,065
955   253 702
2,865   759 2,106
1,848   1,106 742
1,455   675 780
3,000   2,250 750
4,030   2,050 1,980
392   205 187
50,687   52,153 -1,466
51,988   54,036 -2,048
54,698   55,163 -465
53,437   55,040 -1,603
49,648   50,928 -1,280
14,055   14,369 -314
41,162   40,957 205
59,853   59,853 0
59,910   59,910 0
59,838   59,838 0
59,987   60,005 -18
59,785   59,800 -15
60,828   60,945 -117
59,946   60,008 -62
59,745   59,745 0
59,764   59,799 -35
60,626   60,756 -130
59,676   59,796 -120
610   100 510
1,403   230 1,173
1,920   900 1,020
400   100 300
200   50 150
1,160   290 870
700   200 500
2,160   900 1,260
239   100 139
696   300 396
241   100 141
924   400 524
1,455   675 780
3,000   2,250 750
4,030   2,050 1,980
392   205 187
2,832   1,200 1,632
711   300 411
1,250   1,440 -190
7,200   5,250 1,950
1,440   450 990
5,340   3,770 1,570
534   389 145
40,964   41,664 -700
69,658   71,093 -1,435
28,315   17,235 11,080
40,293   40,418 -125
82,224   79,140 3,084
14,503   14,499 4
41,052   32,081 8,971
38,804   19,541 19,263
62,955   41,596 21,359
5,000   5,601 -601
57,381   68,206 -10,825
566   566 0
306   366 -60
80   105 -25
1,640   2,075 -435
3,595   3,442 153
19,492   12,975 6,517
676   450 226
3,146   2,833 313
788   513 275
1,710   676 1,034
3,768   2,135 1,633
19,507   9,690 9,817
697   697 0
91   93 -2
1,009   676 333
893   1,654 -761
2,337   1,106 1,231
1,585   1,202 383
7,257   9,220 -1,963
7,231   9,385 -2,154
7,040   9,823 -2,783
22,292   38,009 -15,717
778   423 355
13,301   8,599 4,702
1,516   1,259 257
13,229   12,885 344
10,207   10,030 177
13,535   13,185 350
6,188   5,956 232
11,550   11,407 143
14,164   13,359 805
9,200   9,112 88
11,970   11,929 41
1,031   1,024 7
13,939   13,301 638
8,488   8,224 264
6,190   6,089 101
13,701   13,032 669
8,175   8,200 -25
56,414   56,375 39
12,493   11,797 696
14,368   13,518 850
21,204   21,201 3
33,316   33,316 0
12,200   11,015 1,185
49,551   49,080 471
9,314   9,113 201
6,163   6,136 27
10,419   10,248 171
31,357   28,897 2,460
13,232   12,706 526
7,193   7,230 -37
5,156   5,163 -7
46,800   46,273 527
3,063   3,095 -32
4,328   4,249 79
5,443   5,000 443
13,418   12,889 529
21,791   22,117 -326
15,840   16,085 -245
8,854   9,008 -154
13,825   14,012 -187
10,441   10,092 349
12,446   11,688 758
13,061   13,257 -196
6,895   7,968 -1,073
51,520   55,775 -4,255
56,770   57,072 -302
4,120   4,143 -23
2,058   2,070 -12
10,321   10,294 27
11,203   11,022 181
11,247   11,068 179
57,675   59,555 -1,880
41,150   40,636 514
11,442   11,122 320
10,513   10,028 485
56,624   56,401 223
7,216   6,956 260
16,282   16,149 133
89,899   78,069 11,830
582,446   431,017 151,429
14,839   13,872 967
7,801   8,870 -1,069
13   15 -2
18,482   19,946 -1,464
4,259   1,977 2,282
5,705   3,275 2,430
13,394   9,993 3,401
7,059   10,217 -3,158
6,190   2,830 3,360
8,768   17,736 -8,968
3,693   1,633 2,060
34   15 19
42,844   44,588 -1,744
42,844   43,509 -665
1,575   620 955
1,575   1,700 -125
1,080   720 360
1,919   1,660 259
1,800   1,120 680
2,256   1,356 900
1,854   162 1,692
1,976   200 1,776
2,496   768 1,728
1,071   1,496 -425
504   264 240
910   500 410
1,200   270 930
4,095   2,765 1,330
834   246 588
2,249   1,144 1,105
2,168   1,264 904
1,602   2,160 -558
552   240 312
497   791 -294
441   339 102
2,550   420 2,130
1,410   110 1,300
295   214 81
885   642 243
2,320   400 1,920
2,566   1,168 1,398
42,844   36,807 6,037
93,987   88,298 5,689
23,497   20,428 3,069
5,020   7,800 -2,780
4,400   8,900 -4,500
89,351   73,953 15,398
9,948   9,651 297
1,746   558 1,188
2,488   604 1,884
1,600   940 660
2,020   460 1,560
2,674   1,666 1,008
3,760   2,150 1,610
1,530   765 765
2,250   1,405 845
1,936   584 1,352
1,143   7,048 -5,905
3,340   3,660 -320
1,596   3,624 -2,028
3,433   16,792 -13,359
2,430   1,688 742
3,150   504 2,646
5,325   2,415 2,910
3,140   1,955 1,185
5,698   2,915 2,783
3,720   330 3,390
2,000   900 1,100
2,300   1,100 1,200
2,266   1,938 328
3,900   820 3,080
1,500   360 1,140
660   730 -70
3,500   1,256 2,244
1,305   185 1,120
2,700   560 2,140
2,200   1,390 810
2,310   588 1,722
112,422   87,791 24,631
121,592   114,417 7,175
78,562   63,519 15,043
97,151   87,330 9,821
70,481   63,114 7,367
91,433   83,559 7,874
100,365   97,529 2,836
46,731   45,549 1,182
1,820   2,597 -777
1,778   3,537 -1,759
783   1,323 -540
2,480   4,300 -1,820
1,278   1,785 -507
11,000   11,663 -663
3,695   1,965 1,730
640   1,920 -1,280
118   91 27
1,298   1,023 275
3,488   5,376 -1,888
1,995   2,020 -25
2,095   2,795 -700
89,773   80,965 8,808
3,960   18,100 -14,140
2,820   8,950 -6,130
38,474   29,545 8,929
5,425   2,870 2,555
2,420   860 1,560
1,255   525 730
3,832   2,080 1,752
1,130   220 910
4,680   1,800 2,880
3,038   192 2,846
2,900   1,180 1,720
3,000   870 2,130
2,600   1,060 1,540
3,950   799 3,151
2,610   407 2,203
830   200 630
1,320   300 1,020
    22,741 -22,741
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       29,189
b       5,209
c       -2,222
d       7,805
e       7,035
      16,658
      10,350
      0
      -8,117
      203
      -2,818
      0
      5,517
      4,770
      164
      0
      -684
      -3,902
      4
      4,432
      10,182
      8,867
      141
      6,272
      7,183
      -6,181
      2,099
      7,207
      -11,653
      3,297
      3,359
      26,437
      1,252
      1,655
      437
      5,164
      1,787
      72
      -6,275
      6,209
      213
      106
      636
      2,320
      1,220
      160
      84
      80
      105
      -6,480
      615
      1,395
      782
      275
      55
      675
      270
      -2,410
      500
      1,084
      760
      608
      28
      54
      189
      324
      81
      -295
      -335
      -1,725
      567
      254
      80
      400
      3,065
      702
      2,106
      742
      780
      750
      1,980
      187
      -1,466
      -2,048
      -465
      -1,603
      -1,280
      -314
      205
      0
      0
      0
      -18
      -15
      -117
      -62
      0
      -35
      -130
      -120
      510
      1,173
      1,020
      300
      150
      870
      500
      1,260
      139
      396
      141
      524
      780
      750
      1,980
      187
      1,632
      411
      -190
      1,950
      990
      1,570
      145
      -700
      -1,435
      11,080
      -125
      3,084
      4
      8,971
      19,263
      21,359
      -601
      -10,825
      0
      -60
      -25
      -435
      153
      6,517
      226
      313
      275
      1,034
      1,633
      9,817
      0
      -2
      333
      -761
      1,231
      383
      -1,963
      -2,154
      -2,783
      -15,717
      355
      4,702
      257
      344
      177
      350
      232
      143
      805
      88
      41
      7
      638
      264
      101
      669
      -25
      39
      696
      850
      3
      0
      1,185
      471
      201
      27
      171
      2,460
      526
      -37
      -7
      527
      -32
      79
      443
      529
      -326
      -245
      -154
      -187
      349
      758
      -196
      -1,073
      -4,255
      -302
      -23
      -12
      27
      181
      179
      -1,880
      514
      320
      485
      223
      260
      133
      11,830
      151,429
      967
      -1,069
      -2
      -1,464
      2,282
      2,430
      3,401
      -3,158
      3,360
      -8,968
      2,060
      19
      -1,744
      -665
      955
      -125
      360
      259
      680
      900
      1,692
      1,776
      1,728
      -425
      240
      410
      930
      1,330
      588
      1,105
      904
      -558
      312
      -294
      102
      2,130
      1,300
      81
      243
      1,920
      1,398
      6,037
      5,689
      3,069
      -2,780
      -4,500
      15,398
      297
      1,188
      1,884
      660
      1,560
      1,008
      1,610
      765
      845
      1,352
      -5,905
      -320
      -2,028
      -13,359
      742
      2,646
      2,910
      1,185
      2,783
      3,390
      1,100
      1,200
      328
      3,080
      1,140
      -70
      2,244
      1,120
      2,140
      810
      1,722
      24,631
      7,175
      15,043
      9,821
      7,367
      7,874
      2,836
      1,182
      -777
      -1,759
      -540
      -1,820
      -507
      -663
      1,730
      -1,280
      27
      275
      -1,888
      -25
      -700
      8,808
      -14,140
      -6,130
      8,929
      2,555
      1,560
      730
      1,752
      910
      2,880
      2,846
      1,720
      2,130
      1,540
      3,151
      2,203
      630
      1,020
      -22,741
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 2 513,900
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 1,151,181 20,983,629 0.054861
2016 1,265,574 21,884,129 0.057831
2015 1,436,153 21,585,029 0.066535
2014 1,137,367 23,413,114 0.048578
2013 1,155,774 23,951,118 0.048256
2
Total of line 1, column (d) .....................
2
0.276061
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
0.055212
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
20,981,305
5
Multiply line 4 by line 3......................
5
1,158,420
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
5,279
7
Add lines 5 and 6........................
7
1,163,699
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,172,049
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 5,279
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 5,279
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 5,279
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 14,670
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 14,670
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 98
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 9,293
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet9,293 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)
    bulletTX
    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 addressbulletN/A
    14
    The books are in care ofbulletDR BOB & JEAN SMITH FOUNDATION Telephone no.bullet (214) 521-3461

    Located atbullet3811 TURTLE CREEK BLVD SUITE 750DALLASTX ZIP+4bullet75219
    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
    SALLY SMITH MASHBURN PRESIDENT/CHAIRWOMAN
    40.00     		210,300 0 0
    3811 TURTLE CREEK BLVD SUITE 750
    DALLAS,TX75219
    SCOTT R SMITH DIRECTOR
    1.00     		5,300 0 0
    3811 TURTLE CREEK BLVD SUITE 750
    DALLAS,TX75219
    MARTY S KELLEY DIRECTOR
    1.00     		5,300 0 0
    3811 TURTLE CREEK BLVD SUITE 750
    DALLAS,TX75219
    ROBERT H WEST DIRECTOR
    1.00     		5,300 0 0
    3811 TURTLE CREEK BLVD SUITE 750
    DALLAS,TX75219
    BILL R WOMBLE DIRECTOR
    1.00     		5,300 0 0
    3811 TURTLE CREEK BLVD SUITE 750
    DALLAS,TX75219
    SUZANNE S WELFELT DIRECTOR
    1.00     		2,400 0 0
    3811 TURTLE CREEK BLVD SUITE 750
    DALLAS,TX75219
    BROOKS KELLEY DIRECTOR
    1.00     		4,100 0 0
    3811 TURTLE CREEK BLVD SUITE 750
    DALLAS,TX75219
    WHITNEY WALLACE DIRECTOR
    1.00     		5,300 0 0
    3811 TURTLE CREEK BLVD SUITE 750
    DALLAS,TX75219
    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
    THOMPSON & KNIGHT LEGAL 99,715
    PO BOX 660684
    DALLAS,TX75266
    SCHWENN & ASSOCIATES ACCOUNTING 75,148
    106 N DENTON TAP RD STE 210-334
    COPPELL,TX75019
    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
    20,357,882
    b
    Average of monthly cash balances.......................
    1b
    942,935
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    21,300,817
    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
    21,300,817
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    319,512
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    20,981,305
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,049,065
    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
    1,049,065
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    5,279
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,279
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,043,786
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,043,786
    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
    1,043,786
    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
    1,172,049
    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
    1,172,049
    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
    5,279
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,166,770
    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 1,043,786
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 355,151
    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$ 1,172,049
    a Applied to 2017, but not more than line 2a 355,151
    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..... 816,898
    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 ..........     		226,888
    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 e-mail address of the person to whom applications should be addressed:
    SALLY MASHBURN
    3811 TURTLE CREEK CENTRE SUITE 200
    DALLAS,TX75219
    (214) 521-3461
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN REQUEST WITH FORM 990.
    cAny submission deadlines:
    APPLICABLE ORGANIZATION CAN APPLY AT ANY TIME. THE REQUEST WILL BE REVIEWED ON A QUARTERLY BASIS.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    TYPICALLY MEDICAL AND EDUCATIONAL APPLICANTS ARE PREFERRED.
    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
    BALL FOR EYE RESEARCH
    5939 HARRY HINES STE 3
    DALLAS,TX75390     		NONE PC UNRESTRICTED GRANT 3,000
    PARKLAND FOUNDATION
    1341 W MOCKINGBIRD LN STE 110
    DALLAS,TX75247     		NONE PC UNRESTRICTED GRANT 25,000
    SMU LECTURE SERIES
    PO BOX 750460
    DALLAS,TX75275     		NONE PC UNRESTRICTED GRANT 1,000
    SOUTHERN METHODIST UNIVERSITY
    PO BOX 750100
    DALLAS,TX75275     		NONE PC UNRESTRICTED GRANT 525,000
    METHODIST HEALTH SYSTEMS
    PO BOX 655999
    DALLAS,TX75265     		NONE PC UNRESTRICTED GRANT 300,000
    CRYSTAL CHARITY BALL
    3838 OAK LAWN AVE STE L150
    DALLAS,TX75219     		NONE PC UNRESTRICTED GRANT 21,935
    TEXAS HEALTH RESOURCES
    612 EAST LAMAR BLVD STE 300
    ARLINGTON,TX76011     		NONE PC UNRESTRICTED GRANT 150,000
    YELLOW ROSE GALA FOUNDATION
    PO BOX 192131
    DALLAS,TX75219     		NONE PC UNRESTRICTED GIFT 5,000
    UNITED WAY
    1800 N LAMAR
    DALLAS,TX75202     		NONE PC UNRESTRICTED GIFT 25,000
    CHRIST THE KING CATHOLIC CHURCH
    8017 PRESTON RD
    DALLAS,TX75225     		NONE PC UNRESTRICTED GRANT 27,000
    Total .................................bullet 3a 1,082,935
    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 ...........     		    14 192,017  
    4 Dividends and interest from securities....     14 411,606  
    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.....     18 21,809  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 513,900  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,139,332 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,139,332
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (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:
    DR BOB & JEAN SMITH FOUNDATION
    EIN:
    51-0137245
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 75,148 75,148   0

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

    TY 2018 DepreciationSchedule
    Name:
    DR BOB & JEAN SMITH FOUNDATION
    EIN:
    51-0137245
    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
    SOFA 1979-06-01 2,486 2,486 SL 7.000000000000 0 0    
    SOFA 1979-06-01 1,631 1,631 SL 7.000000000000 0 0    
    SIDE CHAIRS 1979-06-01 2,345 2,345 SL 7.000000000000 0 0    
    PULL UP CHAIRS 1979-06-01 3,562 3,562 SL 7.000000000000 0 0    
    END TABLES 1979-06-01 4,108 4,108 SL 7.000000000000 0 0    
    COFFEE TABLES 1979-06-01 1,580 1,580 SL 7.000000000000 0 0    
    SIDEBOARD 1979-06-01 2,001 2,001 SL 7.000000000000 0 0    
    RUG 1979-06-01 1,531 1,531 SL 7.000000000000 0 0    
    LAMPS 1979-06-01 1,669 1,669 SL 7.000000000000 0 0    
    PLANTERS 1979-06-01 735 735 SL 7.000000000000 0 0    
    ART WORK 1979-06-01 2,248 2,248 SL 7.000000000000 0 0    
    PILLOWS 1979-06-01 446 446 SL 7.000000000000 0 0    
    MISCELLANEOUS 1979-06-01 293 293 SL 7.000000000000 0 0    
    SECRETARY DESK 1979-06-01 4,714 4,714 SL 7.000000000000 0 0    
    CREDENZA 1979-06-01 3,702 3,702 SL 7.000000000000 0 0    
    CRT TABLE 1979-06-01 2,700 2,700 SL 7.000000000000 0 0    
    BOOKCASES 1979-06-01 620 620 SL 7.000000000000 0 0    
    GUEST CHAIRS 1979-06-01 4,235 4,235 SL 7.000000000000 0 0    
    EXECUTIVE CHAIRS 1979-06-01 3,575 3,575 SL 7.000000000000 0 0    
    FILE CABINETS 1979-06-01 1,400 1,400 SL 7.000000000000 0 0    
    FILE CBAINET 1979-06-01 395 395 SL 7.000000000000 0 0    
    ART WORK 1979-06-01 985 985 SL 7.000000000000 0 0    
    FAX MACHINE 1979-06-01 400 400 SL 7.000000000000 0 0    
    SCANNER 2011-09-11 429 429 SL 5.000000000000 0 0    
    DESKTOP 2013-07-19 2,268 2,268 SL 5.000000000000 0 0    
    TELEPHONE 2014-10-30 5,542 5,542 SL 5.000000000000 0 0    
    REFRIGERATOR & DISHWASHER 2014-11-12 2,246 2,131 SL 7.000000000000 115 0    
    RUG RECEPTION 2014-11-30 5,800 5,503 SL 7.000000000000 297 0    
    TELEVISION & MOUNT 2014-12-31 386 352 SL 7.000000000000 34 0    
    FRONT DOOR LOCKS 2015-01-26 660 315 SL 7.000000000000 94 0    
    FURNITURE 2015-02-18 1,525 872 SL 7.000000000000 218 0    
    RUG - EXECUTIVE 2015-03-16 6,616 4,158 SL 7.000000000000 945 0    
    TELEPHONE 2015-03-26 165 132 SL 5.000000000000 33 0    
    PLANTS 2015-03-30 874 500 SL 7.000000000000 125 0    
    FURNITURE 2015-03-31 159 92 SL 7.000000000000 23 0    
    PLANTS 2015-04-10 1,000 572 SL 7.000000000000 143 0    
    OMNISAFE 2015-04-17 187 90 SL 7.000000000000 27 0    
    CHAIR 2016-03-03 665 245 SL 7.000000000000 95 0    
    DELL TOUCH SCREEN 2016-05-23 272 126 SL 5.000000000000 54 0    
    FURNITURE 2014-05-14 4,505 3,376 SL 7.000000000000 644 0    
    IPAD 2018-07-16 1,551 52 SL 5.000000000000 310 0    
    APPLE ACCESSORY 2018-08-06 128 4 SL 5.000000000000 26 0    

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    DR BOB & JEAN SMITH FOUNDATION
    EIN:
    51-0137245
    Name of Bond End of Year Book Value End of Year Fair Market Value
    DOLAN ASSET MANAGEMENT 1,847,606 1,898,600
    MERRILL LYNCH 2469 1,526,570 1,524,160

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    DR BOB & JEAN SMITH FOUNDATION
    EIN:
    51-0137245
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MERRILL LYNCH 2470 3,527,764 3,261,478

    TY 2018 InvestmentsOtherSchedule2
    Name:
    DR BOB & JEAN SMITH FOUNDATION
    EIN:
    51-0137245
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARISTOTLE AT COST 870,760 943,327
    BROKERAGE AT COST 1,836,508 1,964,793
    KAYNE MODEL AT COST 783,391 960,405
    LUTHER KING CAPITAL MANAGEMENT AT COST 4,294,903 5,736,821
    MAVERICK CAPITAL FMV 327,649 327,649
    SOLUTIONS AT COST 1,661,377 1,705,805
    FROST INVESTMENTS AT COST 418,440 426,193
    MERRILL LYNCH 2467 AT COST 398,874 411,301
    MERRILL LYNCH 2468 AT COST 1,272,049 1,164,908

    TY 2018 LandEtcSchedule2
    Name:
    DR BOB & JEAN SMITH FOUNDATION
    EIN:
    51-0137245
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    SOFA 2,486 2,486 0  
    SOFA 1,631 1,631 0  
    SIDE CHAIRS 2,345 2,345 0  
    PULL UP CHAIRS 3,562 3,562 0  
    END TABLES 4,108 4,108 0  
    COFFEE TABLES 1,580 1,580 0  
    SIDEBOARD 2,001 2,001 0  
    RUG 1,531 1,531 0  
    LAMPS 1,669 1,669 0  
    PLANTERS 735 735 0  
    ART WORK 2,248 2,248 0  
    PILLOWS 446 446 0  
    MISCELLANEOUS 293 293 0  
    SECRETARY DESK 4,714 4,714 0  
    CREDENZA 3,702 3,702 0  
    CRT TABLE 2,700 2,700 0  
    BOOKCASES 620 620 0  
    GUEST CHAIRS 4,235 4,235 0  
    EXECUTIVE CHAIRS 3,575 3,575 0  
    FILE CABINETS 1,400 1,400 0  
    FILE CBAINET 395 395 0  
    ART WORK 985 985 0  
    FAX MACHINE 400 400 0  
    SCANNER 429 429 0  
    DESKTOP 2,268 2,268 0  
    TELEPHONE 5,542 5,542 0  
    REFRIGERATOR & DISHWASHER 2,246 2,246 0  
    RUG RECEPTION 5,800 5,800 0  
    TELEVISION & MOUNT 386 386 0  
    FRONT DOOR LOCKS 660 409 251  
    FURNITURE 1,525 1,090 435  
    RUG - EXECUTIVE 6,616 5,103 1,513  
    TELEPHONE 165 165 0  
    PLANTS 874 625 249  
    FURNITURE 159 115 44  
    PLANTS 1,000 715 285  
    OMNISAFE 187 117 70  
    CHAIR 665 340 325  
    DELL TOUCH SCREEN 272 180 92  
    FURNITURE 4,505 4,020 485  
    IPAD 1,551 362 1,189  
    APPLE ACCESSORY 128 30 98  


    TY 2018 LegalFeesSchedule
    Name:
    DR BOB & JEAN SMITH FOUNDATION
    EIN:
    51-0137245
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 99,715 91,715   8,000


    TY 2018 OtherExpensesSchedule
    Name:
    DR BOB & JEAN SMITH FOUNDATION
    EIN:
    51-0137245
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 1,050 1,050   0
    BANK SERVICE CHARGES 205 205   0
    BOND AMORTIZATION 12,386 12,386   0
    CONTRACT LABOR THRU EMPLOYMENT SERVICE 26,784 18,750   8,035
    CONTRIBUTIONS - NON DEDUCTIBLE 5,865 0   0
    DUES AND SUBSCRIPTIONS 1,295 1,295   0
    INSURANCE 4,204 4,204   0
    INVESTMENT INTEREST EXPENSE 29 29   0
    MISCELLANEOUS -307 -307   0
    OFFICE SUPPLIES 1,155 1,155   0
    POSTAGE AND DELIVERY 164 164   0
    TELEPHONE 2,062 2,062   0
    PARTNERSHIP PASS THRU EXPENSES 16,172 16,172   0
    ROYALTY PROPERTY EXPENSES 41 41   0
    SOFTWARE LICENSES 162 162   0


    TY 2018 OtherIncomeSchedule2
    Name:
    DR BOB & JEAN SMITH FOUNDATION
    EIN:
    51-0137245
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    1231 GAIN -82 -82 -82
    GAS ROYALTY INCOME 8,600 8,600 8,600
    ALLIANCE BERNSTIEN ORD INC 5,712 5,712 5,712
    CARDINAL ADVISOR -2,671 -2,671 -2,671
    SABINE ROYALTY 1,526 1,526 1,526
    TARGA 6,750 6,750 6,750
    SIGNET EARLY 1,980 1,980 1,980
    NET RENTAL INCOME -6 -6 -6


    TY 2018 OtherLiabilitiesSchedule
    Name:
    DR BOB & JEAN SMITH FOUNDATION
    EIN:
    51-0137245
    Description Beginning of Year - Book Value End of Year - Book Value
    OPTION 73,797 82,331
    PAYROLL LIABILITIES 0 8,225


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    DR BOB & JEAN SMITH FOUNDATION
    EIN:
    51-0137245
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT 110,306 110,306   0
    PROPERTY TAX CONSULTANT 300 300   0


    TY 2018 TaxesSchedule
    Name:
    DR BOB & JEAN SMITH FOUNDATION
    EIN:
    51-0137245
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EMPLOYMENT 11,296 7,907   3,389
    EXCISE 14,670 0   0
    FOREIGN 6,866 6,866   0
    PROPERTY 1,003 1,003   0
    ROYALTY 229 229   0