TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
Margaret Chase Smith Foundation
C/O Michael J Quinlan

Number and street (or P.O. box number if mail is not delivered to street address)Ten Free Street PO Box 4510
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Portland, ME04112

A Employer identification number

01-0388680

B Telephone number (see instructions)

(207) 775-7271

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$13,849,816J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	24,682
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	224,453		224,453	224,453
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-117,606
b	Gross sales price for all assets on line 6a 8,645,064
7	Capital gain net income (from Part IV, line 2)...			0
8	Net short-term capital gain.........				0
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).......		42	0	42
12	Total. Add lines 1 through 11........	131,571		224,453	224,495
13	Compensation of officers, directors, trustees, etc.	0		0	0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		12,386	6,193	6,193	6,193
b	Accounting fees (attach schedule).......		5,377	2,689	2,689	2,688
c	Other professional fees (attach schedule)....		49,678	49,678	49,678	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		18	0	0	18
19	Depreciation (attach schedule) and depletion...		34,762	0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		377,464	2,495	2,537	374,927
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	479,685		61,055	61,097	383,826
25	Contributions, gifts, grants paid.......	37,384				37,384
26	Total expenses and disbursements. Add lines 24 and 25	517,069		61,055	61,097	421,210
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-385,498
b	Net investment income (if negative, enter -0-)			163,398
c	Adjusted net income (if negative, enter -0-)...				163,398

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	51,332	53,972	53,972
	2	Savings and temporary cash investments.........	495,154	205,806	205,806
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	284,935	142,087	142,087
	b	Investments—corporate stock (attach schedule).......	10,043,413	11,926,919	11,926,919
	c	Investments—corporate bonds (attach schedule).......	1,305,086	988,939	988,939
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis 852,839
		Less: accumulated depreciation (attach schedule) 320,746	547,294	532,093	532,093
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	12,727,214	13,849,816	13,849,816
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	8,389,151	9,104,884
	25	Net assets with donor restrictions............	4,338,063	4,744,932
		Foundations that do not follow FASB ASC 958, check here
		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).....	12,727,214	13,849,816
	30	Total liabilities and net assets/fund balances (see instructions).	12,727,214	13,849,816

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

12,727,214

Enter amount from Part I, line 27a .....................

-385,498

Other increases not included in line 2 (itemize) bullet

1,508,100

Add lines 1, 2, and 3 ..........................

13,849,816

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

13,849,816

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
1 a	Publicly Traded Securities	P
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	8,645,064	8,762,670	-117,606
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-117,606
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-117,606
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 ...................		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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	2,271
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	2,271
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	2,271
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	17,517
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	17,517
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	15,246
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax15,246	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Yes

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

Michael J Quinlan Telephone no. bullet

(207) 775-7271

Located at bullet

Ten Free Street PO Box 4510PortlandME ZIP+4 bullet

04112

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
Charles L Cragin Esq	President 0.50	0	0	0
PO Box 4510 Portland,ME04112	President 0.50	0	0	0
Douglas M Henry	Vice President 0.50	0	0	0
PO Box 4510 Portland,ME04112	Vice President 0.50	0	0	0
Michael J Quinlan	Treasurer/Secretary 0.50	0	0	0
PO Box 4510 Portland,ME04112	Treasurer/Secretary 0.50	0	0	0
Davida D Barter	Director 0.38	0	0	0
PO Box 4510 Portland,ME04112	Director 0.38	0	0	0
John M Bernier	Director 0.38	0	0	0
PO Box 4510 Portland,ME04112	Director 0.38	0	0	0
Joseph Hanslip	Director 0.38	0	0	0
PO Box 4510 Portland,ME04112	Director 0.38	0	0	0
Paula D Silsby	Director 0.38	0	0	0
PO Box 4510 Portland,ME04112	Director 0.38	0	0	0

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...................				0

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
University of Maine	Library operations	365,000
5703 Alumni Hall Suite 218 Orono,ME04469	Library operations	365,000

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	Margaret Chase Smith Library - The Library opened in 1982 and encompasses the archival and library collections, memorabilia and residence of Senator Margaret Chase Smith. The Library has a three fold mission of serving as an archive, as a museum and as an educational and public policy center. It is recognized as one of the premier Congressional libraries in the United States. Since the founding of the Library, the Margaret Chase Smith Foundation has provided financial support of the Library via funding to Northwood University. In 2011, the Foundation purchased the Library's collections and real estate from Northwood University and now directly operates the Library through an operating contract with the University of Maine.	383,826
2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

12,696,170

Average of monthly cash balances.......................

76,685

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

12,772,855

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

12,772,855

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

191,593

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

12,581,262

Minimum investment return. Enter 5% of line 5..................

629,063

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.)

Minimum investment return from Part X, line 6....................

Tax on investment income for 2020 from Part VI, line 5......

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

421,210

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

421,210

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

421,210

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)

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
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......
d From 2018......
e From 2019......
fTotal of lines 3a through e........
4Qualifying distributions for 2020 from Part
XII, line 4: $
a Applied to 2019, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2020 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2020.
(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
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....
e Excess from 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

2015-01-14

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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	(e) Total
	163,398	184,172	169,850	158,993	676,413
b 85% of line 2a .........	138,888	156,546	144,373	135,144	574,951
c Qualifying distributions from Part XII, line 4 for each year listed .....	421,210	466,467	475,785	429,246	1,792,708
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........	37,384	43,214	45,453	31,169	157,220
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	383,826	423,253	430,332	398,077	1,635,488
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......					0
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)					0
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...	419,375	368,086	350,021	341,781	1,479,263
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) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Ada E Leeke Research Fellowship 56 Norridgewock Ave Skowhegan,ME04976	None	I	Education - Ada E. Leeke Honorarium - Leeke Lecture speaker.	250
Essay Contest 56 Norridgewock Ave Skowhegan,ME04976	None	I	Education - Provided 8 essay contest winners with amounts ranging from $50 to $1000.	2,000
School Field Trip Assistance 56 Norridgewock Ave Skowhegan,ME04976	None	PC	Education - Provided 18 Maine schools with financial assistance to visit the Margaret Chase Smith Library	184
US Military Academy 600 Thayer Road West Point,NY10996	None	PC	Education - Leadership and ethics for women in military service	10,000
US Naval Academy 121 Blake Road Annapolis,MD21402	None	PC	Education - Leadership and ethics for women in military service	10,000
University of Maine -- Margaret Chase Smith Policy Center York Complex 4 Orono,ME04469	None	PC	Education - Maine Policy Review	10,000
Madison High School 486 Main Street Madison,ME04950	None	PC	Education - Support jobs for Maine grad project.	250
Liam Riordan 56 Norridgewock Ave Skowhegan,ME04976	None	I	Speaker honorarium	250
National History Day Inc 4511 Knox Rd Suite 205 College Park,MD20740	None	PC	To cover 49 student program registration fees	2,450
Cindy Robinson 56 Norridgewock Ave Skowhegan,ME04976	None	I	Maine Bicentennial Award	100
Logan Tourtillote 56 Norridgewock Ave Skowhegan,ME04976	None	I	Maine Bicentennial Award	100
Lily Pierce 56 Norridgewock Ave Skowhegan,ME04976	None	I	Maine Bicentennial Award	100
Amy Robinson 56 Norridgewock Ave Skowhegan,ME04976	None	I	Maine Bicentennial Award	350
Lisa Gilbert 56 Norridgewock Ave Skowhegan,ME04976	None	I	Maine Bicentennial Award	350
Kathi Kearney 56 Norridgewock Ave Skowhegan,ME04976	None	I	National History Day Teacher of the Year Award	500
Linda Andrews 56 Norridgewock Ave Skowhegan,ME04976	None	I	National History Day Teacher of the Year Award	500
Total ................................. 3a				37,384

bApproved for future payment
University of Maine -- Margaret Chase Smith Policy Center York Complex 4 Orono,ME04469	None	PC	Education - Maine Policy Review	10,000
Essay Contest 56 Norridgewock Ave Skowhegan,ME04976	None	I	Education - To provide essay contest winners with amounts ranging from $50 to $1000.	2,000
School Field Trip Assistance 56 Norridgewock Ave Skowhegan,ME04976	None	PC	Education - To provide Maine schools with financial assistance to visit the Margaret Chase Smith Library	6,000
US Military Academy 600 Thayer Road West Point,NY10996	None	PC	Education - Leadership and ethics for women in military service	10,000
US Naval Academy 121 Blake Road Annapolis,MD21402	None	PC	Education - Leadership and ethics for women in military service	10,000
Ada E Leeke Research Fellowship 56 Norridgewock Ave Skowhegan,ME04976	None	I	Education - Ada E. Leeke Research Fellowship awarded to an eligible recipient wishing to conduct research; honorarium for Leeke Lecture speaker	1,000
Total ................................. 3b				39,000

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	(e) Related or exempt function income (See instructions.)
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	224,453
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	-117,606
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aMiscellaneous Revenue					42
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		106,847	42

13Total. Add line 12, columns (b), (d), and (e)..................

106,889

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
11a	Other Revenue attributable to operations of the Library

Form 990-PF (2020)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Ada E Leeke Research Fellowship56 Norridgewock Ave Skowhegan,ME04976	None	I	Education - Ada E. Leeke Honorarium - Leeke Lecture speaker.	250
Essay Contest56 Norridgewock Ave Skowhegan,ME04976	None	I	Education - Provided 8 essay contest winners with amounts ranging from $50 to $1000.	2,000
School Field Trip Assistance56 Norridgewock Ave Skowhegan,ME04976	None	PC	Education - Provided 18 Maine schools with financial assistance to visit the Margaret Chase Smith Library	184
US Military Academy600 Thayer Road West Point,NY10996	None	PC	Education - Leadership and ethics for women in military service	10,000
US Naval Academy121 Blake Road Annapolis,MD21402	None	PC	Education - Leadership and ethics for women in military service	10,000
University of Maine -- Margaret Chase Smith Policy CenterYork Complex 4 Orono,ME04469	None	PC	Education - Maine Policy Review	10,000
Madison High School486 Main Street Madison,ME04950	None	PC	Education - Support jobs for Maine grad project.	250
Liam Riordan56 Norridgewock Ave Skowhegan,ME04976	None	I	Speaker honorarium	250
National History Day Inc4511 Knox Rd Suite 205 College Park,MD20740	None	PC	To cover 49 student program registration fees	2,450
Cindy Robinson56 Norridgewock Ave Skowhegan,ME04976	None	I	Maine Bicentennial Award	100
Logan Tourtillote56 Norridgewock Ave Skowhegan,ME04976	None	I	Maine Bicentennial Award	100
Lily Pierce56 Norridgewock Ave Skowhegan,ME04976	None	I	Maine Bicentennial Award	100
Amy Robinson56 Norridgewock Ave Skowhegan,ME04976	None	I	Maine Bicentennial Award	350
Lisa Gilbert56 Norridgewock Ave Skowhegan,ME04976	None	I	Maine Bicentennial Award	350
Kathi Kearney56 Norridgewock Ave Skowhegan,ME04976	None	I	National History Day Teacher of the Year Award	500
Linda Andrews56 Norridgewock Ave Skowhegan,ME04976	None	I	National History Day Teacher of the Year Award	500
Total ............................... 3a				37,384
bApproved for future payment
University of Maine -- Margaret Chase Smith Policy CenterYork Complex 4 Orono,ME04469	None	PC	Education - Maine Policy Review	10,000
Essay Contest56 Norridgewock Ave Skowhegan,ME04976	None	I	Education - To provide essay contest winners with amounts ranging from $50 to $1000.	2,000
School Field Trip Assistance56 Norridgewock Ave Skowhegan,ME04976	None	PC	Education - To provide Maine schools with financial assistance to visit the Margaret Chase Smith Library	6,000
US Military Academy600 Thayer Road West Point,NY10996	None	PC	Education - Leadership and ethics for women in military service	10,000
US Naval Academy121 Blake Road Annapolis,MD21402	None	PC	Education - Leadership and ethics for women in military service	10,000
Ada E Leeke Research Fellowship56 Norridgewock Ave Skowhegan,ME04976	None	I	Education - Ada E. Leeke Research Fellowship awarded to an eligible recipient wishing to conduct research; honorarium for Leeke Lecture speaker	1,000
Total ................................ 3b				39,000

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Name of the organization

Margaret Chase Smith Foundation
C/O Michael J Quinlan

Employer identification number

01-0388680

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

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

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... 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 Margaret Chase Smith Foundation C/O Michael J Quinlan

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	State of Maine Bicentennial Commission 148 State House Station Augusta, ME04330	$ 7,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (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 Margaret Chase Smith Foundation C/O Michael J Quinlan		Employer identification number 01-0388680

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Page 4


Name of organization Margaret Chase Smith Foundation C/O Michael J Quinlan			Employer identification number 01-0388680
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.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose 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

(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

(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

(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:

- TIN:

TY 2020 AccountingFeesSchedule

Name:

Margaret Chase Smith Foundation

C/O Michael J Quinlan

EIN:

01-0388680

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Accounting Expenses	5,377	2,689	2,689	2,688

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

Margaret Chase Smith Foundation

C/O Michael J Quinlan

EIN:

01-0388680

Name of Bond	End of Year Book Value	End of Year Fair Market Value
25,000 Shs The Kroger Co. 3.300% Due 01-15-21	25,020	25,020
50,000 Shs Pepsico. Inc. 3.000% Due 8-25-21	50,852	50,852
25,000 Shs Lockheed Martin Corp. 3.350% Due 9-15-21	25,518	25,518
100,000 Shs Emerson Electric. Co. 2.625% Due 12-01-21	101,948	101,948
40,000 Shs Omnicom Group. Inc. 3.625% Due 5-01-22	41,702	41,702
50,000 Shs Qualcomm Inc. 3.000% Due 05-20-22	51,798	51,798
50,000 Shs UnitedHealth Group. Inc. 3.350% Due 7-15-22	52,371	52,371
35,000 Shs Intel Corp. 3.100% Due 7-29-22	36,553	36,553
40,000 Shs Wells Fargo & Co. 3.450% Due 02-13-23	42,352	42,352
100,000 Shs JPMorgan Chase & Co. 2,700% Due 5-18-23	105,011	105,011
35,000 Shs Express Scripts Holding 3.000% Due 07-15-23	36,933	36,933
40,000 Shs CVS Health Corp. 4.000% Due 12-05-23	43,667	43,667
95,000 Shs BB&T Corporation 2.500% Due 08-01-24	101,135	101,135
75,000 Shs Boeing. Co. 2.850% Due 10-30-24	79,002	79,002
95,000 Shs Waste Management. Inc. 3.125% Due 03-01-25	104,093	104,093
75,000 Shs Visa. Inc. 3.150% Due 12-14-25	84,072	84,072
Accrued Interest	6,912	6,912

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

Margaret Chase Smith Foundation

C/O Michael J Quinlan

EIN:

01-0388680

Name of Stock	End of Year Book Value	End of Year Fair Market Value
1,235 Shs SPDR Wells Fargo Preferred Stock ETF	54,846	54,846
890 iShares Barclay 7-10 yr. Treasry Bond Fd.	106,755	106,755
4,840 Shs iShares Barclays Aggregate Bond Fund	572,040	572,040
950 Shs iShares Barclays Inter. Gov't/Credit Bd Fd	111,758	111,758
12,197.453 Shs Vangaurd High Yield Corp. Bond Fund- Admiral	72,941	72,941
1,750 Shs General American Investors 5.95% Pfd. B.	48,125	48,125
113 Shs Alphabet, Inc. Class A	198,048	198,048
98 Shs Alphabet. Inc. Class C	171,684	171,684
4,185 Shs Comcast Corp.	219,294	219,294
674 Shs Facebook	184,110	184,110
1,265 Shs T-Mobile US. Inc.	170,585	170,585
148 Shs Amazon.com. Inc.	482,026	482,026
2,510 Shs General Motors Corp.	104,516	104,516
696 Shs Home Depot. Inc.	184,871	184,871
630 Shs Lowe's Companies, Inc.	101,121	101,121
1,987 Shs Starbucks Corp.	212,569	212,569
574 Shs Costco Wholesale	216,272	216,272
1,770 Shs Modelez International, Inc.	103,492	103,492
645 Shs PepsiCo, Inc.	95,653	95,653
655 Shs Procter & Gamble Co.	91,137	91,137
1,330 Shs Wal-Mart Stores, Inc.	191,719	191,719
1,230 Shs Chevron Corp.	103,874	103,874
1,085 Shs Pioneer Natural Resources Co.	123,571	123,571
5,110 Shs William Cos. Inc.	102,456	102,456
5,050 Shs Bank of America Corp.	153,066	153,066
305 Shs Blackrock, Inc.	220,070	220,070
1,708 Shs J.P. Morgan Chase & Co.	217,036	217,036
495 Shs MSCI. Inc.	221,032	221,032
1,065 Shs Marsh & Mclennan	124,605	124,605
2,020 Shs Morgan Stanley	138,431	138,431
920 Shs PNC Financial Services Group	137,080	137,080
1,809 Shs Abbott Laboratories	198,067	198,067
420 Shs Charles River Laboratories	104,941	104,941
685 Shs Johnson and Johnson	107,805	107,805
510 Shs Laboratory Corp. of America	103,811	103,811
396 Shs Thermo Fisher Scientific, Inc.	184,449	184,449
628 Shs UnitedHealth Group Inc.	220,227	220,227
455 Shs Cummins Inc.	103,331	103,331
880 Shs Eaton Corp PLC	105,723	105,723
965 Shs Honeywell International. Inc.	205,256	205,256
525 Shs Illinois Tool Works	107,037	107,037
445 Shs Parker-Hannifin Corp	121,222	121,222
1,030 Shs Union Pacific Corp.	214,467	214,467
610 Shs United Parcel Service. Inc.	102,724	102,724
866 Shs XPO Logistic. Inc.	103,227	103,227
830 Shs Accenture plc	216,804	216,804
402 Shs Adobe System	201,048	201,048
421 Shs Lam Research	198,826	198,826
495 Shs Broadcom, Inc.	216,736	216,736
5,282 Shs Apple Inc.	700,869	700,869
300 Shs Mastercard Incorporated	107,082	107,082
2,489 Shs Microsoft Corp.	553,603	553,603
815 Shs Qualcomm, Inc.	124,157	124,157
525 Shs Salesforce.com Inc.	116,828	116,828
980 Shs Visa. Inc. Class A	214,355	214,355
1,459 Shs Texas Instruments Inc.	239,466	239,466
410 Shs Air Products & Chem	112,020	112,020
195 Shs Sherwin-Williams Co.	143,308	143,308
867 Shs Crown Castle International Corp	138,018	138,018
2,740 Shs NextEra Energy. Inc	211,391	211,391
1,495 Shs iShares S&P MidCap 400 Index Fund	343,596	343,596
3,440 Shs iShares S&P SmallCap 600 Index Fund	316,136	316,136
24,045 Shs iShares Gold Trust	435,936	435,936
52 Shs iShares Barclay Aggregrate Bond Fund	6,146	6,146
400 Shs iShares Short-Term Corporate Bond ETF	22,068	22,068
237 Shs SPDR S&P ETF Trust	88,610	88,610
157 Shs iShares Gold Trust	2,846	2,846

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

Margaret Chase Smith Foundation

C/O Michael J Quinlan

EIN:

01-0388680

US Government Securities - End of Year Book Value:

142,087

US Government Securities - End of Year Fair Market Value:

142,087

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

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

- TIN:

TY 2020 LandEtcSchedule2

Name:

Margaret Chase Smith Foundation

C/O Michael J Quinlan

EIN:

01-0388680

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
Land	82,800	0	82,800	82,800
Building	459,200	137,760	321,440	321,440
Furnishings	159,338	99,055	60,283	60,283
Building Improvements	151,501	83,931	67,570	67,570

- TIN:

TY 2020 LegalFeesSchedule

Name:

Margaret Chase Smith Foundation

C/O Michael J Quinlan

EIN:

01-0388680

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Legal Expenses	12,386	6,193	6,193	6,193

- TIN:

TY 2020 OtherExpensesSchedule

Name:

Margaret Chase Smith Foundation

C/O Michael J Quinlan

EIN:

01-0388680

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Insurance	8,257	2,477	2,477	5,780
Dues & Subscriptions	765	0	0	765
Bank Charges	18	18	18	0
Other	3,254	0	0	3,254
Library Operations	365,170	0	42	365,128

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

Margaret Chase Smith Foundation

C/O Michael J Quinlan

EIN:

01-0388680

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Miscellaneous Revenue	42		42

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

Margaret Chase Smith Foundation

C/O Michael J Quinlan

EIN:

01-0388680

Description	Amount
Unrealized Gains on Investments	1,508,100

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

Margaret Chase Smith Foundation

C/O Michael J Quinlan

EIN:

01-0388680

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Fees	49,678	49,678	49,678	0

- TIN:

TY 2020 TaxesSchedule

Name:

Margaret Chase Smith Foundation

C/O Michael J Quinlan

EIN:

01-0388680

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Other Taxes	18	0	0	18