Form990-PF
Click to see attachment

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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THOMAS W SMITH FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)2200 BUTTS ROAD NO 320
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOCA RATON, FL33431
A Employer identification number

47-3862135
B Telephone number (see instructions)

(561) 314-0800
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$32,658,745J 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) 12,676,500
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 29,618 29,618  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 328,395
b Gross sales price for all assets on line 6a 11,772,138
7 Capital gain net income (from Part IV, line 2)... 9,512,786
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 13,034,513 9,542,404 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 435,000 37,500 0 397,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 19,253 9,627 0 9,626
b Accounting fees (attach schedule)....... Click to see attachment 20,525 10,263 0 10,262
c Other professional fees (attach schedule).... Click to see attachment 150,000 0 0 150,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 125,000 0 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 13,050 0 0 13,050
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 762,828 57,390 0 580,438
25 Contributions, gifts, grants paid....... 13,846,937 13,846,937
26 Total expenses and disbursements. Add lines 24 and 25 14,609,765 57,390 0 14,427,375
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,575,252
b Net investment income (if negative, enter -0-) 9,485,014
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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............. 5,229,967 2,431,359 2,431,359
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)....... 19,688,298 Click to see attachment30,227,386 30,227,386
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)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment9,401 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 24,927,666 32,658,745 32,658,745
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 FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 24,927,666 32,658,745
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 24,927,666 32,658,745
30 Total liabilities and net assets/fund balances (see instructions). 24,927,666 32,658,745
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
24,927,666
2
Enter amount from Part I, line 27a .....................
2
-1,575,252
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
9,306,331
4
Add lines 1, 2, and 3 ..........................
4
32,658,745
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 29 .
6
32,658,745
Form 990-PF (2020)
Form 990-PF (2020)
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 30,000 SHS COPART INC D 1998-08-24 2020-11-09
b 30,000 SHS COPART INC D 1998-08-24 2020-08-25
c 15,102 SHS COPART INC D 1998-08-24 2020-03-02
d 34,898 SHS COPART INC D 1998-08-24 2020-03-02
e 20,000 SHS NU SKIN ENTERPRISES INC. D 2018-09-10 2020-03-10
16,000 SHS NU SKIN ENTERPRISES INC. D 2015-11-20 2020-03-10
(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 3,693,320   30,375 3,662,945
b 3,058,192   30,375 3,027,817
c 1,271,831   15,625 1,256,206
d 2,938,971   35,334 2,903,637
e 449,902   1,600,214 -1,150,312
359,922   547,429 -187,507
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       3,662,945
b       3,027,817
c       1,256,206
d       2,903,637
e       -1,150,312
      -187,507
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 9,512,786
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 0
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 131,842
c All other domestic foundations enter 1.39% 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........................... 3 131,842
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- ..... 5 131,842
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 136,282
b Exempt foreign organizations—tax withheld at source...... 6b 0
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.............. 7 136,282
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 4,440
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet4,440 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 the instructions
for the 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)
    bulletDE, FL
    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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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 ofbulletTHOMAS W SMITH FOUNDATION INC Telephone no.bullet (561) 314-0800

    Located atbullet2200 BUTTS ROAD SUITE 320BOCA RATONFL ZIP+4bullet33431
    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 2020, 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
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    THOMAS W SMITH PRESIDENT & CHAIRMAN
    15.00     		0 0 0
    2200 BUTTS ROAD SUITE 320
    BOCA RATON,FL33431
    LORI SMITH CURLEY TRUSTEE
    15.00     		75,000 0 0
    2200 BUTTS ROAD SUITE 320
    BOCA RATON,FL33431
    DIANE G SMITH VICE PRESIDENT, TRUSTEE
    1.00     		0 0 0
    2200 BUTTS ROAD SUITE 320
    BOCA RATON,FL33431
    JAMES PIERESON TRUSTEE/DIRECTOR
    25.00     		350,000 0 0
    2200 BUTTS ROAD SUITE 320
    BOCA RATON,FL33431
    VICTORIA MCKENZIE TRUSTEE
    1.00     		5,000 0 0
    2200 BUTTS ROAD SUITE 320
    BOCA RATON,FL33431
    THOMAS MCWILLIAMS TRUSTEE
    1.00     		0 0 0
    2200 BUTTS ROAD SUITE 320
    BOCA RATON,FL33431
    RANDALL GIBERD TRUSTEE
    3.00     		5,000 0 0
    2200 BUTTS ROAD SUITE 320
    BOCA RATON,FL33431
    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 (2020)
    Form 990-PF (2020)
    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
    STEPHEN MOORE CONSULTING 100,000
    2200 BUTTS ROAD SUITE 320
    BOCA RATON,FL33431
    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 (2020)
    Form 990-PF (2020)
    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
    28,060,579
    b
    Average of monthly cash balances.......................
    1b
    4,497,041
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    32,557,620
    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
    32,557,620
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    488,364
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    32,069,256
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,603,463
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,603,463
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    131,842
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    131,842
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,471,621
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,471,621
    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
    1,471,621
    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
    14,427,375
    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
    14,427,375
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    14,427,375
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 1,471,621
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016...... 10,002,178
    c From 2017...... 12,748,037
    d From 2018...... 13,289,463
    e From 2019...... 13,477,586
    fTotal of lines 3a through e........ 49,517,264
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 14,427,375
    a Applied to 2019, but not more than line 2a 0
    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 2020 distributable amount..... 1,471,621
    e Remaining amount distributed out of corpus 12,955,754
    5 Excess distributions carryover applied to 2020. 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 62,473,018
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		12,676,500
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		49,796,518
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 10,073,715
    c Excess from 2018.... 13,289,463
    d Excess from 2019.... 13,477,586
    e Excess from 2020.... 12,955,754
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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).)
    THOMAS W SMITH
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    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 (2020)
    Form 990-PF (2020)
    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
    ABIGAIL ADAMS INSTITUTE
    14 ARROW STREET SUITE G10
    CAMBRIDGE,MA02138     		NONE PC EDUCATION 75,000
    AEI
    1150 SEVENTEENTH STREET NW
    WASHINGTON,DC200364670     		NONE PC PUBLIC POLICY 275,000
    ALEXANDER HAMILTON INSTITUTE
    21 PARK ROW
    CLINTON,NY13323     		NONE PC EDUCATION 50,000
    AMERICAN IDEAS INSTITUTE
    910 17TH ST NW STE 312
    WASHINGTON,DC20006     		NONE PC PUBLIC POLICY 15,000
    AMERICAN INSTITUTE FOR ECONOMIC RESEARCH INC
    250 DIVISION ST
    GREAT BARRINGTON,MA01230     		NONE PC PUBLIC POLICY 50,000
    AMERICAN LEGISLATIVE EXCHANGE COUNCIL
    2900 CRYSTAL DRIVE 6TH FLOOR
    ARLINGTON,VA22202     		NONE PC PUBLIC POLICY 150,000
    AMERICAN SPECTATOR FOUNDATION
    122 S ROYAL STREET
    ALEXANDRIA,VA22314     		NONE PC PUBLIC POLICY 50,000
    AMERICAN TRANSPARENCY
    200 S FRONTAGE ROAD SUITE 106
    BURR RIDGE,IL60527     		NONE PC EDUCATION 330,000
    AMERICAN WATCHDOGS INC
    7060 ILLINOIS HIGHWAY 1
    PARIS,IL61944     		NONE PC PUBLIC POLICY 150,000
    ANIMAL SHELTER OF THE WOOD RIVER VALLEY
    100 CROY CREEK ROAD PO BOX 1496
    HAILEY,ID83333     		NONE PC COMMUNITY 1,000
    ARIZONA STATE UNIVERSITY
    951 S CADY MALL - SOCIAL SCIENCES
    SUITE 107
    TEMPE,AZ85287     		NONE PC EDUCATION 150,000
    ASSOC OF PRIVATE ENTERPRISE EDUCATION
    TEXAS TECH UNIVERSITY PO BOX 45059
    LUBBOCK,TX794095059     		NONE PC PUBLIC POLICY 40,000
    ASSUMPTION COLLEGE
    500 SALISBURY STREET
    WORCESTER,MA016091296     		NONE PC EDUCATION 35,000
    ATLAS NETWORK
    TWO LIBERTY CENTER
    ARLINGTON,VA22203     		NONE PC ECONOMIC RESEARCH 200,000
    AVONDALE CHAPEL FUND
    CENTRAL BAPTIST CHURCH - 16 ELM
    STREET
    WESTERLY,RI02891     		NONE PC COMMUNITY 300
    B&T CLUB HISTORIC BUILDING PRES FDTN
    1170 S OCEAN BLVD
    PALM BEACH,FL33407     		NONE PC COMMUNITY 5,000
    BALLET SUN VALLEY
    PO BOX 555
    SUN VALLEY,ID833530555     		NONE PC ARTS 25,000
    BETA THETA PI FOUNDATION
    5134 BONHAM ROAD
    OXFORD,OH45056     		NONE PC EDUCATION 3,000
    BLEXIT FOUNDATION
    17TH STREET NW SUITE 810
    WASHINGTON,DC20006     		NONE PC COMMUNITY 100,000
    BOSTON COLLEGE
    140 COMMONWEALTH AVE MCGUINN HALL
    ROOM 200
    CHESTNUT HILL,MA02467     		NONE PC EDUCATION 21,600
    BOYS & GIRLS CLUB OF PALM BEACH COUNTY
    800 NORTHPOINT PARKWAY SUITE 204
    WEST PALM BEACH,FL33407     		NONE PC COMMUNITY 6,000
    BROWN UNIVERSITY
    BOX 1860
    PROVIDENCE,RI02912     		NONE PC EDUCATION 125,000
    CALVIN COOLIDGE MEMORIAL FOUNDATION
    PO BOX 97
    PLYMOUTH,VT05056     		NONE PC EDUCATION 145,000
    CARINGBRIDGE
    PO BOX 6032
    ALBERT LEA,MN560079854     		NONE PC HEALTH 200
    CARNEGIE HALL SOCIETY
    881 SEVENTH AVENUE
    NEW YORK,NY100193210     		NONE PC ARTS 25,000
    CATO INSTITUTE
    1000 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20001     		NONE PC PUBLIC POLICY 20,000
    CENTER FOR AMERICAN GREATNESS
    3104 E CAMELBACK ROAD SUITE 907
    PHOENIX,AZ85018     		NONE PC PUBLIC POLICY 100,000
    CENTER FOR FAMILY SVCS OF PBC
    4101 PARKER AVENUE WEST
    WEST PALM BEACH,FL33405     		NONE PC COMMUNITY 50,000
    CHAPMAN UNIVERSITY
    ONE UNIVERSITY DRIVE
    ORANGE,CA92866     		NONE PC EDUCATION 26,756
    CHORUS OF WESTERLY-SUMMER POPS
    NORTH ACADEMIC CENTER ROOM 4/126
    CITY COLLEGE OF NY
    NEW YORK,NY10031     		NONE PC ARTS 250
    CITY COLLEGE 21ST CENTURY FOUNDATION
    THE CITY COLLEGE OF NY 160 CONVENT
    AVENUE
    NEW YORK,NY10031     		NONE PC EDUCATION 175,000
    CLAREMONT INSTITUTE
    1317 W FOOTHILL BLVD SUITE 120
    UPLAND,CA91786     		NONE PC PUBLIC POLICY 100,000
    CLEMSON UNIVERSITY
    329 SIRRINE HALL - CLEMSON INST FOR
    THE STUDY OF CAPITALISM
    CLEMSON,SC29634     		NONE PC EDUCATION 235,000
    CO2 COALITION
    1621 N KENT STREET SUITE 603
    ARLINGTON,VA22209     		NONE PC ECOLOGY 100,000
    COMMITTEE TO UNLEASH PROSPERITY
    301 TAHMORE DRIVE
    FAIRFIELD,CT06825     		NONE PC EDUCATION 50,000
    COMPETITIVE ENTERPRISE INST
    1310 L STREET NW 7TH FLOOR
    WASHINGTON,DC20005     		NONE PC PUBLIC POLICY 100,000
    CTR FOR STATE-LED NAT'L DEBT SOLUTIONS
    4101 PARKER AVENUE
    WEST PALM BEACH,FL33405     		NONE PC PUBLIC POLICY 25,000
    DAILY CALLER NEWS FOUNDATION
    1920 L STREET NW SUITE 205
    WASHINGTON,DC20036     		NONE PC PUBLIC POLICY 100,000
    DARTMOUTH COLLEGE
    DEPT OF ECONOMICS - HB 6106
    HANOVER,NH03755     		NONE PC EDUCATION 125,000
    DISCOVERY INSTITUTE
    208 COLUMBIA STREET
    SEATTLE,WA98104     		NONE PC PUBLIC POLICY 150,000
    DONORSTRUST
    1800 DIAGONAL ROAD SUITE 280
    ALEXANDRIA,VA22314     		NONE PC PUBLIC POLICY 400,000
    DUKE UNIVERSITY
    BOX 90097
    DURHAM,NC277080097     		NONE PC EDUCATION 125,000
    EAST BEACH ASSOCIATION
    PO BOX 1055
    WATCH HILL,RI02891     		NONE PC COMMUNITY 300
    EMILY CATHERINE FEDORKO FOUNDATION
    PO BOX 72
    COS COB,CT06807     		NONE PC EDUCATION 500
    ENCOUNTER FOR CULTURE AND EDUCATION INC
    900 BROADWAY SUITE 601
    NEW YORK,NY100031239     		NONE PC EDUCATION 50,000
    FDRLST MEDIA FOUNDATION
    1747 PENNSYLVANIA AVENUE NW SUITE
    1000
    WASHINGTON,DC20006     		NONE PC PUBLIC POLICY 200,000
    FDTN FOR INDIVIDUAL RIGHTS IN EDUCATION
    510 WALNUT STREET SUITE 1250
    PHILADELPHIA,PA19106     		NONE PC EDUCATION 100,000
    FRANKLIN NEWS FOUNDATION
    200 W MADISON STREET SUITE 2100
    CHICAGO,IL60606     		NONE PC PUBLIC POLICY 150,000
    FREE TO CHOOSE NETWORK
    2002 FILMORE AVENUE
    AVENUE ERIE,PA16505     		NONE PC COMMUNITY 5,000
    FREEDOM WORKS
    400 NORTH CAPITOL STREET NW 765
    WASHINGTON,DC20001     		NONE PC PUBLIC POLICY 150,000
    FUND FOR AMERICAN STUDIES
    1706 NEW HAMPSHIRE AVENUE NW
    WASHINGTON,DC200773609     		NONE PC EDUCATION 25,000
    FURMAN UNIVERSITY
    3300 POINSETT HIGHWAY
    GREENVILLE,SC29613     		NONE PC EDUCATION 50,000
    GEORGE MASON UNIVERSITY FDTN - THE MERCATUS CENTER
    3434 WASHINGTON BLVD 4TH FLOOR
    ARLINGTON,VA22201     		NONE PC EDUCATION 700,000
    GEORGE MASON UNIVERSITY FDTN
    3434 WASHINGTON BLVD 4TH FLOOR
    ARLINGTON,VA22201     		NONE PC EDUCATION 200,000
    GEORGETOWN U LAW CENTER
    MCDONOUGH 423
    WASHINGTON,DC200012075     		NONE PC EDUCATION 255,000
    GILDER LEHRMAN INSTITUTE
    49 WEST 45TH STREET 2ND FLOOR
    NEW YORK,NY10036     		NONE PC EDUCATION 5,000
    GLADES ACADEMY FOUNDATION INC
    ONE NORTH CLEMANTIS STREET 200
    WEST PALM BEACH,FL33401     		NONE PC EDUCATION 2,000
    GOVERNMENT ACCOUNTABILITY INSTITUTE
    1414 PIEDMONT DRIVE E
    TALLAHASSEE,FL32308     		NONE PC PUBLIC POLICY 150,000
    GRADUATE SCHOOL FOUNDATION-CUNY
    365 FIFTH AVENUE ROOM 6412
    NEW YORK,NY10016     		NONE PC EDUCATION 250,000
    HIGHER GROUND SUN VALLEY
    PO BOX 6791
    KETCHUM,ID83340     		NONE PC COMMUNITY 15,000
    HILLSDALE COLLEGE
    33 E COLLEGE ST
    HILLSDALE,MI49242     		NONE PC EDUCATION 105,000
    INDEPENDENT WOMEN'S FORUM
    119 LAKE SHORE DRIVE
    CROSS JUNCTION,VA22625     		NONE PC COMMUNITY 50,000
    INSTAURATIO MAGNA FOUNDATION
    1925 W PATTERSON AVENUE
    CHICAGO,IL60613     		NONE PC EDUCATION 25,000
    INSTITUTE FOR HUMANE STUDIES
    GEORGE MASON UNIVERSITY
    ARLINGTON,VA22201     		NONE PC COMMUNITY 460,000
    INSTITUTE FOR JUSTICE
    901 N GLEBE ROAD SUITE 900
    ARLINGTON,VA22203     		NONE PC PUBLIC POLICY 250,000
    INTERCOLLEGIATE STUDIES INSTITUTE
    3901 CENTERVILLE ROAD
    WILMINGTON,DE19807     		NONE PC EDUCATION 150,000
    JACK MILLER CENTER
    THREE BALA PLAZA WEST SUITE 401
    BALA CYNWYD,PA19004     		NONE PC EDUCATION 100,000
    JEWISH REVIEW OF BOOKS
    165 EAST 56TH STREET FL 4
    NEW YORK,NY10022     		NONE PC EDUCATION 2,000
    JUDICIAL EDUCATION PROJECT
    PO BOX 279 SPRING GREEN
    SPRING GREEN,WI53588     		NONE PC COMMUNITY 300,000
    JUDICIAL WATCH
    425 THIRD STREET SW SUITE 800
    WASHINGTON,DC20024     		NONE PC EDUCATION 25,000
    KETCHUM FIRE DEPARTMENT
    BOX 966
    KETCHUM,ID83340     		NONE PC COMMUNITY 350
    LYNNE COHEN FOUNDATION
    1112 MONTANA AVE SUITE 861
    SANTA MONICA,CA90403     		NONE PC RESEARCH 5,000
    MANHATTAN INSTITUTE
    52 VANDERBILT AVENUE THIRD FLOOR
    NEW YORK,NY10017     		NONE PC EDUCATION 1,305,595
    MOVING PICTURE INSTITUTE
    375 GREENWICH STREET
    NEW YORK,NY10013     		NONE PC EDUCATION 100,000
    NATIONAL REVIEW INSTITUTE
    19 WEST 44TH STREET SUITE 1701
    NEW YORK,NY10035     		NONE PC PUBLIC POLICY 25,000
    NATIONAL TAXPAYERS UNION FDTN
    122 C STREET NW SUITE 650
    WASHINGTON,DC20001     		NONE PC EDUCATION 100,000
    NEW CIVIL LIBERTIES ALLIANCE
    PO BOX 19005
    WASHINGTON,DC200369005     		NONE PC PUBLIC POLICY 333,333
    NEW YORK HISTORICAL SOCIETY
    170 CENTRAL PARK WEST
    NEW YORK,NY10024     		NONE PC HISTORICAL CONSERVATION 12,000
    NEW YORK PHILHARMONIC
    10 LINCOLN CENTER PLAZA
    NEW YORK,NY100236970     		NONE PC ARTS 1,000
    NEW YORK UNIVERSITY
    NYU-STERN KMC SUITE 7-150
    NEW YORK,NY10012     		NONE PC EDUCATION 210,000
    NORTON MUSEUM OF ART
    1450 S DIXIE HIGHWAY
    WEST PALM BEACH,FL33401     		NONE PC ARTS 10,000
    OPPORTUNITY INC
    1713 QUAIL DRIVE
    WEST PALM BEACH,FL33409     		NONE PC COMMUNITY 26,000
    PACIFIC RESEARCH INSTITUTE
    ONE EMBARCADERO CENTER SUITE 350
    SAN FRANCISCO,CA94111     		NONE PC RESEARCH 190,000
    PALM BEACH CIVIC ASSOCIATION
    139 N COUNTY ROAD SUITE 33
    PALM BEACH,FL334809932     		NONE PC COMMUNITY 5,000
    PALM BEACH COUNTY FOOD BANK
    525 GATOR DRIVE LANTANA
    LANTANA,FL334621754     		NONE PC COMMUNITY 1,500
    PALM BEACH ISLAND HOSPICE FOUNDATION
    44 COCOANUT ROW M207B
    PALM BEACH,FL33480     		NONE PC COMMUNITY 150
    PALM BEACH POLICE & FIRE FOUNDATION INC
    PO BOX 242 PALM BEACH
    PALM BEACH,FL33480     		NONE PC COMMUNITY 1,000
    PARK AVENUE ARMORY
    643 PARK AVENUE
    NEW YORK,NY10065     		NONE PC ARTS 25,000
    PARTNERSHIP FOR INNER CITY ED
    1011 FIRST AVENUE
    NEW YORK,NY10022     		NONE PC EDUCATION 10,000
    PATRICIA BLANCO ANIMAL FOUNDATION
    1728 17TH WAY
    WEST PALM BEACH,FL33407     		NONE PC COMMUNITY 450
    PEGGY ADAMS ANIMAL RESCUE LEAGUE
    3100 NORTH MILITARY TRAIL
    WEST PALM BEACH,FL33409     		NONE PC COMMUNITY 1,250
    PHILANTHROPY TANK
    4521 PGA BOULEVARD 468
    PALM BEACH GARDENS,FL33418     		NONE PC EDUCATION 1,000
    PRAGER U FOUNDATION
    15021 VENTURA BOULEVARD 552
    SHERMAN OAKS,CA91403     		NONE PC EDUCATION 100,000
    PRINCETON UNIVERSITY
    83 PROSPECT AVE
    PRINCETON,NJ08540     		NONE PC EDUCATION 320,000
    PROPERTY & ENVIRONMENTAL RESEARCH CENTER
    2048 ANALYSIS DRIVE SUITE A
    BOZEMAN,MT597186829     		NONE PC PUBLIC POLICY 100,000
    PURDUE UNIVERSITY
    HOVDE HALL ROOM 200
    WEST LAFAYETTE,IN479072040     		NONE PC EDUCATION 145,000
    REAL CLEAR FOUNDATION
    1747 PENNSYLVANIA AVE NW STE 1000
    WASHINGTON,DC20006     		NONE PC EDUCATION 550,000
    REASON FOUNDATION
    5737 MESMER AVENUE
    LOS ANGELES,CA90230     		NONE PC PUBLIC POLICY 10,000
    RHODES COLLEGE
    2000 NORTH PARKWAY
    MEMPHIS,TN38112     		NONE PC EDUCATION 90,000
    RI CENTER FOR FREEDOM & PROSPERITY
    PO BOX 10069
    CRANSTON,RI02910     		NONE PC PUBLIC POLICY 9,500
    SALT MARSH OPERA
    P O BOX 227
    STONINGTON,CT06378     		NONE PC ARTS 500
    SAVE VENICE INC
    133 EAST 58TH STREET SUITE 501
    NEW YORK,NY10022     		NONE PC ARTS 2,500
    SHATTERPROOF
    101 MERRITT 7 1ST FLOOR
    NORWALK,CT06851     		NONE PC HEALTH 250
    SISTER SERVANTS OF THE ETERNAL WORLD
    3721 BELMONT ROAD
    BIRMINGHAM,AL352103434     		NONE PC COMMUNITY 1,000
    ST LUKE'S WOOD RIVER FDTN
    P O BOX 7005
    KETCHUM,ID833409907     		NONE PC RESEARCH 5,000
    STANFORD UNIVERSITY
    CROWN QUADRANGLE 559 NATHAN ABBOTT
    WAY
    STANFORD,CA943058610     		NONE PC EDUCATION 75,000
    STATE POLICY NETWORK
    1655 N FORT MYER DRIVE SUITE 360
    ARLINGTON,VA22209     		NONE PC PUBLIC POLICY 300,000
    STORM KING ART CENTER
    P O BOX 280
    MOUNTAINVILLE,NY10953     		NONE PC ARTS 10,000
    STUDENT FREE PRESS ASSOCIATION
    4771 MECHANIC ROAD
    HILLSDALE,MI49242     		NONE PC PUBLIC POLICY 50,000
    SUN VALLEY CENTER
    PO BOX 656
    SUN VALLEY,ID83353     		NONE PC ARTS 750
    TEXAS PUBLIC POLICY FOUNDATION
    901 CONGRESS AVE
    AUSTIN,TX78701     		NONE PC PUBLIC POLICY 100,000
    TEXAS TECH FOUNDATION
    BOX 41017 - MCCLELLAN HALL
    LUBBOCK,TX794091017     		NONE PC EDUCATION 100,000
    THE ARGYROS PERFORMING ARTS CENTER
    120 MAIN STREET SOUTH P O BOX 4921
    KETCHUM,ID83340     		NONE PC ARTS 25,000
    THE BEACON CENTER OF TENNESSEE
    PO BOX 198646
    NASHVILLE,TN37219     		NONE PC PUBLIC POLICY 75,000
    THE FEDERALIST SOCIETY
    1776 I STREET NW SUITE 300
    WASHINGTON,DC20006     		NONE PC EDUCATION 190,000
    THE INVICTUS FUND NV
    1000 SILVERADO TRAIL NORTH ST
    HELENA,CA94574     		NONE PC COMMUNITY 5,000
    THE MERWIN CONSERVANCY
    PO BOX 809
    HAIKU,HI96708     		NONE PC ARTS 250
    FOUNDATION FOR CULTURAL REVIEW INC
    900 BROADWAY
    NEW YORK,NY10003     		NONE PC PUBLIC POLICY 175,000
    THE SOCIETY OF THE FOUR ARTS
    2 FOUR ARTS PLAZA
    PALM BEACH,FL33480     		NONE PC ARTS 30,000
    THE WORKFIRST FOUNDATION
    228 E 45TH ST 16
    NEW YORK,NY10017     		NONE PC PUBLIC POLICY 25,000
    TOWN OF PALM BEACH UNITED WAY
    44 COCOANUT ROW M201
    PALM BEACH,FL33480     		NONE PC COMMUNITY 1,500
    TURNING POINT USA
    217 1/2 ILLINOIS STREET
    LEMONT,IL60439     		NONE PC PUBLIC POLICY 50,000
    UNIVERSITY OF CALIFORNIA LAW SCHOOL
    BOALT HALL
    BERKELEY,CA94720     		NONE PC EDUCATION 235,000
    UNIVERSITY OF CHICAGO ILLINOIS
    1126 EAST 59TH STREET
    CHICAGO,IL60637     		NONE PC EDUCATION 125,000
    UNIVERSITY OF NOTRE DAME
    1251 N EDDY STREET SUITE 300
    SOUTH BEND,IN46617     		NONE PC EDUCATION 348,453
    UTAH STATE UNIVERSITY
    3500 OLD MAIN HILL
    LOGAN,UT843223500     		NONE PC EDUCATION 219,000
    WATCH HILL CHAPEL SOCIETY
    P O BOX 173
    WESTERLY,RI028910173     		NONE PC COMMUNITY 500
    WESTERLY HOSPITAL FOUNDATION INC
    43 BROAD STREET STE 300 PO BOX 112
    WESTERLY,RI02891     		NONE PC HEALTH 10,000
    WESTERLY LIBRARY & WILCOX PARK
    44 BROAD STREET
    WESTERLY,RI02891     		NONE PC EDUCATION 200
    WOODSON CENTER
    1625 K STREET NW NO 410
    WASHINGTON,DC20006     		NONE PC COMMUNITY 100,000
    WOOD RIVER COMMUNITY YMCA
    PO BOX 6801
    KETCHUM,ID83340     		NONE PC COMMUNITY 5,000
    YALE UNIVERSITY
    246 CHURCH STREET
    NEW HAVEN,CT06520     		NONE PC EDUCATION 60,000
    YANKEE INSTITUTE FOR PUBLIC POLICY
    216 MAIN STREET
    HARTFORD,CT06106     		NONE PC PUBLIC POLICY 50,000
    YOUNG AMERICA'S FOUNDATION
    11480 COMMERCE PARK DRIVE SUITE 600
    RESTON,VA20191     		NONE PC PUBLIC POLICY 100,000
    Total .................................bullet 3a 13,846,937
    bApproved for future payment
    AEI
    1150 SEVENTEENTH STREET NW
    WASHINGTON,DC200364670     		NONE PC PUBLIC POLICY 675,000
    ARIZONA STATE UNIVERSITY
    951 S CADY MALL - SOCIAL SCIENCES
    SUITE 107
    TEMPE,AZ85287     		NONE PC EDUCATION 450,000
    CENTER FOR INDEPENDENT THOUGHT
    1420 WALNUT STREET SUITE 1011
    PHILADELPHIA,PA19102     		NONE PC PUBLIC POLICY 50,000
    DONORS TRUST
    10050 REGENCY CIRCLE SUITE 101
    OMAHA,NE68114     		NONE PC PUBLIC POLICY 300,000
    FDRLST MEDIA FOUNDATION
    1747 PENNSYLVANIA AVE NW STE 1000
    WASHINGTON,DC20006     		NONE PC PUBLIC POLICY 200,000
    HETERODOX ACADEMY
    428 BROADWAY 4TH FLOOR
    NEW YORK,NY10013     		NONE PC EDUCATION 150,000
    CHAPMAN UNIVERSITY
    UNIVERSITY DRIVE
    ORANGE,CA92866     		NONE PC EDUCATION 45,522
    MANHATTAN INSTITUTE
    52 VANDERBILT AVENUE THIRD FLOOR
    NEW YORK,NY10017     		NONE PC EDUCATION 275,000
    PRINCETON UNIVERSITY
    83 PROSPECT AVE
    PRINCETON,NJ08540     		NONE PC EDUCATION 340,000
    REAL CLEAR FOUNDATION
    1747 PENNSYLVANIA AVE NW STE 1000
    WASHINGTON,DC20006     		NONE PC EDUCATION 200,000
    STATE POLICY NETWORK
    1655 N FORT MYER DRIVE SUITE 360
    ARLINGTON,VA22209     		NONE PC PUBLIC POLICY 300,000
    UNIVERSITY OF NOTRE DAME
    1251 N EDDY STREET SUITE 300
    SOUTH BEND,IN46617     		NONE PC EDUCATION 700,000
    WOODSON CENTER
    1625 K STREET NW NO 410
    WASHINGTON,DC20006     		NONE PC COMMUNITY 100,000
    ENCOUNTER FOR CULTURE AND EDUCATION INC
    900 BROADWAY SUITE 601
    NEW YORK,NY100031239     		NONE PC EDUCATION 50,000
    Total .................................bullet 3b 3,835,522
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 29,618  
    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 ............     		    18 328,395  
    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).. 0 358,013 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    358,013
    (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 (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    Form 990PF Part XV Line 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
    ABIGAIL ADAMS INSTITUTE14 ARROW STREET SUITE G10
    CAMBRIDGE,MA02138     		NONE PC EDUCATION 75,000
    AEI1150 SEVENTEENTH STREET NW
    WASHINGTON,DC200364670     		NONE PC PUBLIC POLICY 275,000
    ALEXANDER HAMILTON INSTITUTE21 PARK ROW
    CLINTON,NY13323     		NONE PC EDUCATION 50,000
    AMERICAN IDEAS INSTITUTE910 17TH ST NW STE 312
    WASHINGTON,DC20006     		NONE PC PUBLIC POLICY 15,000
    AMERICAN INSTITUTE FOR ECONOMIC RESEARCH INC250 DIVISION ST
    GREAT BARRINGTON,MA01230     		NONE PC PUBLIC POLICY 50,000
    AMERICAN LEGISLATIVE EXCHANGE COUNCIL2900 CRYSTAL DRIVE 6TH FLOOR
    ARLINGTON,VA22202     		NONE PC PUBLIC POLICY 150,000
    AMERICAN SPECTATOR FOUNDATION122 S ROYAL STREET
    ALEXANDRIA,VA22314     		NONE PC PUBLIC POLICY 50,000
    AMERICAN TRANSPARENCY200 S FRONTAGE ROAD SUITE 106
    BURR RIDGE,IL60527     		NONE PC EDUCATION 330,000
    AMERICAN WATCHDOGS INC7060 ILLINOIS HIGHWAY 1
    PARIS,IL61944     		NONE PC PUBLIC POLICY 150,000
    ANIMAL SHELTER OF THE WOOD RIVER VALLEY100 CROY CREEK ROAD PO BOX 1496
    HAILEY,ID83333     		NONE PC COMMUNITY 1,000
    ARIZONA STATE UNIVERSITY951 S CADY MALL - SOCIAL SCIENCES
    SUITE 107
    TEMPE,AZ85287     		NONE PC EDUCATION 150,000
    ASSOC OF PRIVATE ENTERPRISE EDUCATIONTEXAS TECH UNIVERSITY PO BOX 45059
    LUBBOCK,TX794095059     		NONE PC PUBLIC POLICY 40,000
    ASSUMPTION COLLEGE500 SALISBURY STREET
    WORCESTER,MA016091296     		NONE PC EDUCATION 35,000
    ATLAS NETWORKTWO LIBERTY CENTER
    ARLINGTON,VA22203     		NONE PC ECONOMIC RESEARCH 200,000
    AVONDALE CHAPEL FUNDCENTRAL BAPTIST CHURCH - 16 ELM
    STREET
    WESTERLY,RI02891     		NONE PC COMMUNITY 300
    B&T CLUB HISTORIC BUILDING PRES FDTN1170 S OCEAN BLVD
    PALM BEACH,FL33407     		NONE PC COMMUNITY 5,000
    BALLET SUN VALLEYPO BOX 555
    SUN VALLEY,ID833530555     		NONE PC ARTS 25,000
    BETA THETA PI FOUNDATION5134 BONHAM ROAD
    OXFORD,OH45056     		NONE PC EDUCATION 3,000
    BLEXIT FOUNDATION17TH STREET NW SUITE 810
    WASHINGTON,DC20006     		NONE PC COMMUNITY 100,000
    BOSTON COLLEGE140 COMMONWEALTH AVE MCGUINN HALL
    ROOM 200
    CHESTNUT HILL,MA02467     		NONE PC EDUCATION 21,600
    BOYS & GIRLS CLUB OF PALM BEACH COUNTY800 NORTHPOINT PARKWAY SUITE 204
    WEST PALM BEACH,FL33407     		NONE PC COMMUNITY 6,000
    BROWN UNIVERSITYBOX 1860
    PROVIDENCE,RI02912     		NONE PC EDUCATION 125,000
    CALVIN COOLIDGE MEMORIAL FOUNDATIONPO BOX 97
    PLYMOUTH,VT05056     		NONE PC EDUCATION 145,000
    CARINGBRIDGEPO BOX 6032
    ALBERT LEA,MN560079854     		NONE PC HEALTH 200
    CARNEGIE HALL SOCIETY881 SEVENTH AVENUE
    NEW YORK,NY100193210     		NONE PC ARTS 25,000
    CATO INSTITUTE1000 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20001     		NONE PC PUBLIC POLICY 20,000
    CENTER FOR AMERICAN GREATNESS3104 E CAMELBACK ROAD SUITE 907
    PHOENIX,AZ85018     		NONE PC PUBLIC POLICY 100,000
    CENTER FOR FAMILY SVCS OF PBC4101 PARKER AVENUE WEST
    WEST PALM BEACH,FL33405     		NONE PC COMMUNITY 50,000
    CHAPMAN UNIVERSITYONE UNIVERSITY DRIVE
    ORANGE,CA92866     		NONE PC EDUCATION 26,756
    CHORUS OF WESTERLY-SUMMER POPSNORTH ACADEMIC CENTER ROOM 4/126
    CITY COLLEGE OF NY
    NEW YORK,NY10031     		NONE PC ARTS 250
    CITY COLLEGE 21ST CENTURY FOUNDATIONTHE CITY COLLEGE OF NY 160 CONVENT
    AVENUE
    NEW YORK,NY10031     		NONE PC EDUCATION 175,000
    CLAREMONT INSTITUTE1317 W FOOTHILL BLVD SUITE 120
    UPLAND,CA91786     		NONE PC PUBLIC POLICY 100,000
    CLEMSON UNIVERSITY329 SIRRINE HALL - CLEMSON INST FOR
    THE STUDY OF CAPITALISM
    CLEMSON,SC29634     		NONE PC EDUCATION 235,000
    CO2 COALITION1621 N KENT STREET SUITE 603
    ARLINGTON,VA22209     		NONE PC ECOLOGY 100,000
    COMMITTEE TO UNLEASH PROSPERITY301 TAHMORE DRIVE
    FAIRFIELD,CT06825     		NONE PC EDUCATION 50,000
    COMPETITIVE ENTERPRISE INST1310 L STREET NW 7TH FLOOR
    WASHINGTON,DC20005     		NONE PC PUBLIC POLICY 100,000
    CTR FOR STATE-LED NAT'L DEBT SOLUTIONS4101 PARKER AVENUE
    WEST PALM BEACH,FL33405     		NONE PC PUBLIC POLICY 25,000
    DAILY CALLER NEWS FOUNDATION1920 L STREET NW SUITE 205
    WASHINGTON,DC20036     		NONE PC PUBLIC POLICY 100,000
    DARTMOUTH COLLEGEDEPT OF ECONOMICS - HB 6106
    HANOVER,NH03755     		NONE PC EDUCATION 125,000
    DISCOVERY INSTITUTE208 COLUMBIA STREET
    SEATTLE,WA98104     		NONE PC PUBLIC POLICY 150,000
    DONORSTRUST1800 DIAGONAL ROAD SUITE 280
    ALEXANDRIA,VA22314     		NONE PC PUBLIC POLICY 400,000
    DUKE UNIVERSITYBOX 90097
    DURHAM,NC277080097     		NONE PC EDUCATION 125,000
    EAST BEACH ASSOCIATIONPO BOX 1055
    WATCH HILL,RI02891     		NONE PC COMMUNITY 300
    EMILY CATHERINE FEDORKO FOUNDATIONPO BOX 72
    COS COB,CT06807     		NONE PC EDUCATION 500
    ENCOUNTER FOR CULTURE AND EDUCATION INC900 BROADWAY SUITE 601
    NEW YORK,NY100031239     		NONE PC EDUCATION 50,000
    FDRLST MEDIA FOUNDATION1747 PENNSYLVANIA AVENUE NW SUITE
    1000
    WASHINGTON,DC20006     		NONE PC PUBLIC POLICY 200,000
    FDTN FOR INDIVIDUAL RIGHTS IN EDUCATION510 WALNUT STREET SUITE 1250
    PHILADELPHIA,PA19106     		NONE PC EDUCATION 100,000
    FRANKLIN NEWS FOUNDATION200 W MADISON STREET SUITE 2100
    CHICAGO,IL60606     		NONE PC PUBLIC POLICY 150,000
    FREE TO CHOOSE NETWORK2002 FILMORE AVENUE
    AVENUE ERIE,PA16505     		NONE PC COMMUNITY 5,000
    FREEDOM WORKS400 NORTH CAPITOL STREET NW 765
    WASHINGTON,DC20001     		NONE PC PUBLIC POLICY 150,000
    FUND FOR AMERICAN STUDIES1706 NEW HAMPSHIRE AVENUE NW
    WASHINGTON,DC200773609     		NONE PC EDUCATION 25,000
    FURMAN UNIVERSITY3300 POINSETT HIGHWAY
    GREENVILLE,SC29613     		NONE PC EDUCATION 50,000
    GEORGE MASON UNIVERSITY FDTN - THE MERCATUS CENTER3434 WASHINGTON BLVD 4TH FLOOR
    ARLINGTON,VA22201     		NONE PC EDUCATION 700,000
    GEORGE MASON UNIVERSITY FDTN3434 WASHINGTON BLVD 4TH FLOOR
    ARLINGTON,VA22201     		NONE PC EDUCATION 200,000
    GEORGETOWN U LAW CENTERMCDONOUGH 423
    WASHINGTON,DC200012075     		NONE PC EDUCATION 255,000
    GILDER LEHRMAN INSTITUTE49 WEST 45TH STREET 2ND FLOOR
    NEW YORK,NY10036     		NONE PC EDUCATION 5,000
    GLADES ACADEMY FOUNDATION INCONE NORTH CLEMANTIS STREET 200
    WEST PALM BEACH,FL33401     		NONE PC EDUCATION 2,000
    GOVERNMENT ACCOUNTABILITY INSTITUTE1414 PIEDMONT DRIVE E
    TALLAHASSEE,FL32308     		NONE PC PUBLIC POLICY 150,000
    GRADUATE SCHOOL FOUNDATION-CUNY365 FIFTH AVENUE ROOM 6412
    NEW YORK,NY10016     		NONE PC EDUCATION 250,000
    HIGHER GROUND SUN VALLEYPO BOX 6791
    KETCHUM,ID83340     		NONE PC COMMUNITY 15,000
    HILLSDALE COLLEGE33 E COLLEGE ST
    HILLSDALE,MI49242     		NONE PC EDUCATION 105,000
    INDEPENDENT WOMEN'S FORUM119 LAKE SHORE DRIVE
    CROSS JUNCTION,VA22625     		NONE PC COMMUNITY 50,000
    INSTAURATIO MAGNA FOUNDATION1925 W PATTERSON AVENUE
    CHICAGO,IL60613     		NONE PC EDUCATION 25,000
    INSTITUTE FOR HUMANE STUDIESGEORGE MASON UNIVERSITY
    ARLINGTON,VA22201     		NONE PC COMMUNITY 460,000
    INSTITUTE FOR JUSTICE901 N GLEBE ROAD SUITE 900
    ARLINGTON,VA22203     		NONE PC PUBLIC POLICY 250,000
    INTERCOLLEGIATE STUDIES INSTITUTE3901 CENTERVILLE ROAD
    WILMINGTON,DE19807     		NONE PC EDUCATION 150,000
    JACK MILLER CENTERTHREE BALA PLAZA WEST SUITE 401
    BALA CYNWYD,PA19004     		NONE PC EDUCATION 100,000
    JEWISH REVIEW OF BOOKS165 EAST 56TH STREET FL 4
    NEW YORK,NY10022     		NONE PC EDUCATION 2,000
    JUDICIAL EDUCATION PROJECTPO BOX 279 SPRING GREEN
    SPRING GREEN,WI53588     		NONE PC COMMUNITY 300,000
    JUDICIAL WATCH425 THIRD STREET SW SUITE 800
    WASHINGTON,DC20024     		NONE PC EDUCATION 25,000
    KETCHUM FIRE DEPARTMENTBOX 966
    KETCHUM,ID83340     		NONE PC COMMUNITY 350
    LYNNE COHEN FOUNDATION1112 MONTANA AVE SUITE 861
    SANTA MONICA,CA90403     		NONE PC RESEARCH 5,000
    MANHATTAN INSTITUTE52 VANDERBILT AVENUE THIRD FLOOR
    NEW YORK,NY10017     		NONE PC EDUCATION 1,305,595
    MOVING PICTURE INSTITUTE375 GREENWICH STREET
    NEW YORK,NY10013     		NONE PC EDUCATION 100,000
    NATIONAL REVIEW INSTITUTE19 WEST 44TH STREET SUITE 1701
    NEW YORK,NY10035     		NONE PC PUBLIC POLICY 25,000
    NATIONAL TAXPAYERS UNION FDTN122 C STREET NW SUITE 650
    WASHINGTON,DC20001     		NONE PC EDUCATION 100,000
    NEW CIVIL LIBERTIES ALLIANCEPO BOX 19005
    WASHINGTON,DC200369005     		NONE PC PUBLIC POLICY 333,333
    NEW YORK HISTORICAL SOCIETY170 CENTRAL PARK WEST
    NEW YORK,NY10024     		NONE PC HISTORICAL CONSERVATION 12,000
    NEW YORK PHILHARMONIC10 LINCOLN CENTER PLAZA
    NEW YORK,NY100236970     		NONE PC ARTS 1,000
    NEW YORK UNIVERSITYNYU-STERN KMC SUITE 7-150
    NEW YORK,NY10012     		NONE PC EDUCATION 210,000
    NORTON MUSEUM OF ART1450 S DIXIE HIGHWAY
    WEST PALM BEACH,FL33401     		NONE PC ARTS 10,000
    OPPORTUNITY INC1713 QUAIL DRIVE
    WEST PALM BEACH,FL33409     		NONE PC COMMUNITY 26,000
    PACIFIC RESEARCH INSTITUTEONE EMBARCADERO CENTER SUITE 350
    SAN FRANCISCO,CA94111     		NONE PC RESEARCH 190,000
    PALM BEACH CIVIC ASSOCIATION139 N COUNTY ROAD SUITE 33
    PALM BEACH,FL334809932     		NONE PC COMMUNITY 5,000
    PALM BEACH COUNTY FOOD BANK525 GATOR DRIVE LANTANA
    LANTANA,FL334621754     		NONE PC COMMUNITY 1,500
    PALM BEACH ISLAND HOSPICE FOUNDATION44 COCOANUT ROW M207B
    PALM BEACH,FL33480     		NONE PC COMMUNITY 150
    PALM BEACH POLICE & FIRE FOUNDATION INCPO BOX 242 PALM BEACH
    PALM BEACH,FL33480     		NONE PC COMMUNITY 1,000
    PARK AVENUE ARMORY643 PARK AVENUE
    NEW YORK,NY10065     		NONE PC ARTS 25,000
    PARTNERSHIP FOR INNER CITY ED1011 FIRST AVENUE
    NEW YORK,NY10022     		NONE PC EDUCATION 10,000
    PATRICIA BLANCO ANIMAL FOUNDATION1728 17TH WAY
    WEST PALM BEACH,FL33407     		NONE PC COMMUNITY 450
    PEGGY ADAMS ANIMAL RESCUE LEAGUE3100 NORTH MILITARY TRAIL
    WEST PALM BEACH,FL33409     		NONE PC COMMUNITY 1,250
    PHILANTHROPY TANK4521 PGA BOULEVARD 468
    PALM BEACH GARDENS,FL33418     		NONE PC EDUCATION 1,000
    PRAGER U FOUNDATION15021 VENTURA BOULEVARD 552
    SHERMAN OAKS,CA91403     		NONE PC EDUCATION 100,000
    PRINCETON UNIVERSITY83 PROSPECT AVE
    PRINCETON,NJ08540     		NONE PC EDUCATION 320,000
    PROPERTY & ENVIRONMENTAL RESEARCH CENTER2048 ANALYSIS DRIVE SUITE A
    BOZEMAN,MT597186829     		NONE PC PUBLIC POLICY 100,000
    PURDUE UNIVERSITYHOVDE HALL ROOM 200
    WEST LAFAYETTE,IN479072040     		NONE PC EDUCATION 145,000
    REAL CLEAR FOUNDATION1747 PENNSYLVANIA AVE NW STE 1000
    WASHINGTON,DC20006     		NONE PC EDUCATION 550,000
    REASON FOUNDATION5737 MESMER AVENUE
    LOS ANGELES,CA90230     		NONE PC PUBLIC POLICY 10,000
    RHODES COLLEGE2000 NORTH PARKWAY
    MEMPHIS,TN38112     		NONE PC EDUCATION 90,000
    RI CENTER FOR FREEDOM & PROSPERITYPO BOX 10069
    CRANSTON,RI02910     		NONE PC PUBLIC POLICY 9,500
    SALT MARSH OPERAP O BOX 227
    STONINGTON,CT06378     		NONE PC ARTS 500
    SAVE VENICE INC133 EAST 58TH STREET SUITE 501
    NEW YORK,NY10022     		NONE PC ARTS 2,500
    SHATTERPROOF101 MERRITT 7 1ST FLOOR
    NORWALK,CT06851     		NONE PC HEALTH 250
    SISTER SERVANTS OF THE ETERNAL WORLD3721 BELMONT ROAD
    BIRMINGHAM,AL352103434     		NONE PC COMMUNITY 1,000
    ST LUKE'S WOOD RIVER FDTNP O BOX 7005
    KETCHUM,ID833409907     		NONE PC RESEARCH 5,000
    STANFORD UNIVERSITYCROWN QUADRANGLE 559 NATHAN ABBOTT
    WAY
    STANFORD,CA943058610     		NONE PC EDUCATION 75,000
    STATE POLICY NETWORK1655 N FORT MYER DRIVE SUITE 360
    ARLINGTON,VA22209     		NONE PC PUBLIC POLICY 300,000
    STORM KING ART CENTERP O BOX 280
    MOUNTAINVILLE,NY10953     		NONE PC ARTS 10,000
    STUDENT FREE PRESS ASSOCIATION4771 MECHANIC ROAD
    HILLSDALE,MI49242     		NONE PC PUBLIC POLICY 50,000
    SUN VALLEY CENTERPO BOX 656
    SUN VALLEY,ID83353     		NONE PC ARTS 750
    TEXAS PUBLIC POLICY FOUNDATION901 CONGRESS AVE
    AUSTIN,TX78701     		NONE PC PUBLIC POLICY 100,000
    TEXAS TECH FOUNDATIONBOX 41017 - MCCLELLAN HALL
    LUBBOCK,TX794091017     		NONE PC EDUCATION 100,000
    THE ARGYROS PERFORMING ARTS CENTER120 MAIN STREET SOUTH P O BOX 4921
    KETCHUM,ID83340     		NONE PC ARTS 25,000
    THE BEACON CENTER OF TENNESSEEPO BOX 198646
    NASHVILLE,TN37219     		NONE PC PUBLIC POLICY 75,000
    THE FEDERALIST SOCIETY1776 I STREET NW SUITE 300
    WASHINGTON,DC20006     		NONE PC EDUCATION 190,000
    THE INVICTUS FUND NV1000 SILVERADO TRAIL NORTH ST
    HELENA,CA94574     		NONE PC COMMUNITY 5,000
    THE MERWIN CONSERVANCYPO BOX 809
    HAIKU,HI96708     		NONE PC ARTS 250
    FOUNDATION FOR CULTURAL REVIEW INC900 BROADWAY
    NEW YORK,NY10003     		NONE PC PUBLIC POLICY 175,000
    THE SOCIETY OF THE FOUR ARTS2 FOUR ARTS PLAZA
    PALM BEACH,FL33480     		NONE PC ARTS 30,000
    THE WORKFIRST FOUNDATION228 E 45TH ST 16
    NEW YORK,NY10017     		NONE PC PUBLIC POLICY 25,000
    TOWN OF PALM BEACH UNITED WAY44 COCOANUT ROW M201
    PALM BEACH,FL33480     		NONE PC COMMUNITY 1,500
    TURNING POINT USA217 1/2 ILLINOIS STREET
    LEMONT,IL60439     		NONE PC PUBLIC POLICY 50,000
    UNIVERSITY OF CALIFORNIA LAW SCHOOLBOALT HALL
    BERKELEY,CA94720     		NONE PC EDUCATION 235,000
    UNIVERSITY OF CHICAGO ILLINOIS1126 EAST 59TH STREET
    CHICAGO,IL60637     		NONE PC EDUCATION 125,000
    UNIVERSITY OF NOTRE DAME1251 N EDDY STREET SUITE 300
    SOUTH BEND,IN46617     		NONE PC EDUCATION 348,453
    UTAH STATE UNIVERSITY3500 OLD MAIN HILL
    LOGAN,UT843223500     		NONE PC EDUCATION 219,000
    WATCH HILL CHAPEL SOCIETYP O BOX 173
    WESTERLY,RI028910173     		NONE PC COMMUNITY 500
    WESTERLY HOSPITAL FOUNDATION INC43 BROAD STREET STE 300 PO BOX 112
    WESTERLY,RI02891     		NONE PC HEALTH 10,000
    WESTERLY LIBRARY & WILCOX PARK44 BROAD STREET
    WESTERLY,RI02891     		NONE PC EDUCATION 200
    WOODSON CENTER1625 K STREET NW NO 410
    WASHINGTON,DC20006     		NONE PC COMMUNITY 100,000
    WOOD RIVER COMMUNITY YMCAPO BOX 6801
    KETCHUM,ID83340     		NONE PC COMMUNITY 5,000
    YALE UNIVERSITY246 CHURCH STREET
    NEW HAVEN,CT06520     		NONE PC EDUCATION 60,000
    YANKEE INSTITUTE FOR PUBLIC POLICY216 MAIN STREET
    HARTFORD,CT06106     		NONE PC PUBLIC POLICY 50,000
    YOUNG AMERICA'S FOUNDATION11480 COMMERCE PARK DRIVE SUITE 600
    RESTON,VA20191     		NONE PC PUBLIC POLICY 100,000
    Total ...............................bullet 3a 13,846,937
    bApproved for future payment
    AEI1150 SEVENTEENTH STREET NW
    WASHINGTON,DC200364670     		NONE PC PUBLIC POLICY 675,000
    ARIZONA STATE UNIVERSITY951 S CADY MALL - SOCIAL SCIENCES
    SUITE 107
    TEMPE,AZ85287     		NONE PC EDUCATION 450,000
    CENTER FOR INDEPENDENT THOUGHT1420 WALNUT STREET SUITE 1011
    PHILADELPHIA,PA19102     		NONE PC PUBLIC POLICY 50,000
    DONORS TRUST10050 REGENCY CIRCLE SUITE 101
    OMAHA,NE68114     		NONE PC PUBLIC POLICY 300,000
    FDRLST MEDIA FOUNDATION1747 PENNSYLVANIA AVE NW STE 1000
    WASHINGTON,DC20006     		NONE PC PUBLIC POLICY 200,000
    HETERODOX ACADEMY428 BROADWAY 4TH FLOOR
    NEW YORK,NY10013     		NONE PC EDUCATION 150,000
    CHAPMAN UNIVERSITYUNIVERSITY DRIVE
    ORANGE,CA92866     		NONE PC EDUCATION 45,522
    MANHATTAN INSTITUTE52 VANDERBILT AVENUE THIRD FLOOR
    NEW YORK,NY10017     		NONE PC EDUCATION 275,000
    PRINCETON UNIVERSITY83 PROSPECT AVE
    PRINCETON,NJ08540     		NONE PC EDUCATION 340,000
    REAL CLEAR FOUNDATION1747 PENNSYLVANIA AVE NW STE 1000
    WASHINGTON,DC20006     		NONE PC EDUCATION 200,000
    STATE POLICY NETWORK1655 N FORT MYER DRIVE SUITE 360
    ARLINGTON,VA22209     		NONE PC PUBLIC POLICY 300,000
    UNIVERSITY OF NOTRE DAME1251 N EDDY STREET SUITE 300
    SOUTH BEND,IN46617     		NONE PC EDUCATION 700,000
    WOODSON CENTER1625 K STREET NW NO 410
    WASHINGTON,DC20006     		NONE PC COMMUNITY 100,000
    ENCOUNTER FOR CULTURE AND EDUCATION INC900 BROADWAY SUITE 601
    NEW YORK,NY100031239     		NONE PC EDUCATION 50,000
    Total ................................bullet 3b 3,835,522
    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
    2020
    Name of the organization
    THOMAS W SMITH FOUNDATION INC
     
    Employer identification number

    47-3862135
    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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    THOMAS W SMITH FOUNDATION INC
          		Employer identification number
    47-3862135
    Part I
    Contributors
    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
    THOMAS W SMITH
    2200 BUTTS ROAD SUITE 320
     
    BOCA RATON, FL33431

    		$ 12,676,500


    (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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    THOMAS W SMITH FOUNDATION INC
          		Employer identification number

    47-3862135
    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
    1
    		 150,000 SHS OF COPART, INC. $ 12,676,500 2020-03-02
    (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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    THOMAS W SMITH FOUNDATION INC
          		Employer identification number

    47-3862135
    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) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    THOMAS W SMITH FOUNDATION INC
    EIN:
    47-3862135
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING & TAX RETURN PREPARATION FEES 20,525 10,263 0 10,262

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THOMAS W SMITH FOUNDATION INC
    EIN:
    47-3862135
    Name of Stock End of Year Book Value End of Year Fair Market Value
    15,000 SHS CIMPRESS NV CMN 1,316,100 1,316,100
    10,000 SHS WORLD ACCEPTANCE CORP 1,022,200 1,022,200
    13,948 SHS CREDIT ACCEPTANCE CORP 4,827,961 4,827,961
    50,000 SHS WAYFAIR INC CL A 11,290,500 11,290,500
    92,500 SHS COPART INC 11,770,625 11,770,625

    TY 2020 LegalFeesSchedule
    Name:
    THOMAS W SMITH FOUNDATION INC
    EIN:
    47-3862135
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES IN CONNECTION WITH FOUNDATION MATTERS 19,253 9,627 0 9,626


    TY 2020 OtherAssetsSchedule
    Name:
    THOMAS W SMITH FOUNDATION INC
    EIN:
    47-3862135
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    LOANS AND EXCHANGES 9,401 0 0


    TY 2020 OtherExpensesSchedule
    Name:
    THOMAS W SMITH FOUNDATION INC
    EIN:
    47-3862135
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SOFTWARE EXPENSES 11,738 0 0 11,738
    LICENSES AND PERMITS 70 0 0 70
    OFFICE SUPPLIES 372 0 0 372
    MISCELLANEOUS EXPENSE 820 0 0 820
    DE ANNUAL FILING FEE 50 0 0 50


    TY 2020 OtherIncreasesSchedule
    Name:
    THOMAS W SMITH FOUNDATION INC
    EIN:
    47-3862135
    Description Amount
    INCREASE IN UNREALIZED GAIN ON SECURITIES 9,306,331


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THOMAS W SMITH FOUNDATION INC
    EIN:
    47-3862135
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 150,000 0 0 150,000


    TY 2020 TaxesSchedule
    Name:
    THOMAS W SMITH FOUNDATION INC
    EIN:
    47-3862135
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX ON NET INVESTMENT INCOME 125,000 0 0 0