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
SMITH-PETTIT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)514 WEST 400 NORTH
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SALT LAKE CITY, UT84116
A Employer identification number

87-0641442
B Telephone number (see instructions)

(415) 773-2804
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$20,338,232J 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) 800,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 610 610 610
4 Dividends and interest from securities... 335,058 335,058 335,058
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 183,040
b Gross sales price for all assets on line 6a 3,692,150
7 Capital gain net income (from Part IV, line 2)... 183,040
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)....... Click to see attachment 795 795 795
12 Total. Add lines 1 through 11........ 1,319,503 519,503 336,463
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 135,000 6,750 6,750 128,250
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 11,928 596 596 11,331
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 25,945 12,973 12,973 12,972
c Other professional fees (attach schedule).... Click to see attachment 238,486 234,058 234,058 4,428
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 12,629 5,613 5,613 7,016
19 Depreciation (attach schedule) and depletion... Click to see attachment 6,620 0 6,842
20 Occupancy.............. 25,781 0 0 25,781
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 502,640 1,093 1,093 16,841
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 959,029 261,083 267,925 206,619
25 Contributions, gifts, grants paid....... 21,100 21,100
26 Total expenses and disbursements. Add lines 24 and 25 980,129 261,083 267,925 227,719
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 339,374
b Net investment income (if negative, enter -0-) 258,420
c Adjusted net income (if negative, enter -0-)... 68,538
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............. 877,349 955,040 955,040
2 Savings and temporary cash investments......... 1,676,973 77,583 77,583
3 Accounts receivable bullet17,357
Less: allowance for doubtful accounts bullet   16,360 17,357 17,357
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.............. 22,586 22,586 22,586
9 Prepaid expenses and deferred charges.......... 9,000 9,000 9,000
10a Investments—U.S. and state government obligations (attach schedule) 2,878,899 Click to see attachment2,891,975 3,163,729
b Investments—corporate stock (attach schedule)....... 5,882,423 Click to see attachment6,056,494 8,934,743
c Investments—corporate bonds (attach schedule)....... 391,699 Click to see attachment259,382 259,382
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,465,267 Click to see attachment4,275,367 4,456,625
14 Land, buildings, and equipment: basis bullet330,215
Less: accumulated depreciation (attach schedule) bullet172,981 163,854 157,234 157,234
15 Other assets (describe bullet) Click to see attachment2,284,953 Click to see attachment2,284,953 Click to see attachment2,284,953
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,669,363 17,006,971 20,338,232
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........... 16,669,363 17,006,971
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)..... 16,669,363 17,006,971
30 Total liabilities and net assets/fund balances (see instructions). 16,669,363 17,006,971
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
16,669,363
2
Enter amount from Part I, line 27a .....................
2
339,374
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,840
4
Add lines 1, 2, and 3 ..........................
4
17,011,577
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
4,606
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
17,006,971
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 PUBLICLY TRADED SECURITIES      
b PUBLICLY TRADED SECURITIES      
c CAPITAL GAINS DIVIDENDS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,355,553   1,422,734 -67,181
b 2,336,071   2,086,376 249,695
c 526     526
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       -67,181
b       249,695
c       526
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 183,040
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 -67,181
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 3,592
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 3,592
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 3,592
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,518
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 6,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 7,518
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 47
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 3,879
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet3,879 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)
    bulletUT
    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
    Yes
     
    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
    Yes
     
    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 ofbulletSMITH PETTIT FOUNDATION Telephone no.bullet (801) 521-3553

    Located atbullet514 WEST 400 NORTHSALT LAKE CITYUT ZIP+4bullet84116
    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
     
    No
    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
    GEORGE D SMITH JR PRESIDENT & TREASURER
    2.00     		0 0 0
    3701 SACRAMENTO ST 255
    SAN FRANCISCO,CA94118
    GARY J BERGERA VICE PRES & SECRETARY
    40.00     		135,000 6,750 0
    530 W 400 N
    SALT LAKE CITY,UT84116
    DAVID P WRIGHT DIRECTOR
    2.00     		0 0 0
    24 STONEGATE ROAD
    CHELMSFORD,MA01824
    RONALD L PRIDDIS DIRECTOR
    2.00     		0 0 0
    530 W 400 N
    SALT LAKE CITY,UT84116
    CAMILLA SMITH DIRECTOR
    2.00     		0 0 0
    3701 SACRAMENTO ST 255
    SAN FRANCISCO,CA94118
    SARAH SMITH DIRECTOR
    2.00     		0 0 0
    3701 SACRAMENTO ST 255
    SAN FRANCISCO,CA94118
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 AMOUNTS PAID TO CONTRACTORS FOR MORMON STUDIES RESEARCH AND PROGRESS-WRITING; 1 - 5 YEAR PROJECTS TO BE PUBLISHED UPON COMPLETION. 2,373
    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 SEE EXPLANATION RE: SIGNATURE BOOKS PUBLISHING, LLC 484,706
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet484,706
    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
    13,845,316
    b
    Average of monthly cash balances.......................
    1b
    2,421,507
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    16,266,823
    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
    16,266,823
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    244,002
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    16,022,821
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    801,141
    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
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    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
    227,719
    b
    Program-related investments—total from Part IX-B..................
    1b
    484,706
    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
    712,425
    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
    712,425
    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  
    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: bullet$  
    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)
    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
    2000-05-05
    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
    68,538 72,032 44,153 112,437 297,160
    b 85% of line 2a ......... 58,257 61,227 37,530 95,571 252,586
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		712,425 796,267 727,419 808,548 3,044,659
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		21,100 33,600 18,100 0 72,800
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		691,325 762,667 709,319 808,548 2,971,859
    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...     		534,094 479,849 472,809 504,047 1,990,799
    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).)
    GEORGE D SMITH JR
    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.
    GEORGE D SMITH JR
    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
    ASSOCIATION FOR MORMON LETTERS 94-2762232
    6156 N BLACK ROCK HILL
    EAGLE MOUNTAIN,UT84005     		NONE PC GENERAL SUPPORT 600
    CLAREMONT GRADUATE UNIVERSITY 95-1664100
    150 E TENTH STREET
    CLAREMONT,CA91711     		NONE PC GENERAL SUPPORT 5,000
    JOHN WHITMER HISTORICAL ASSOCIATION 42-1149665
    PO BOX 496
    INDEPENDENCE,MO64051     		NONE PC GENERAL SUPPORT 6,000
    MORMON HISTORY ASSOCIATION 23-7408475
    PO BOX 980398
    PARK CITY,UT84098     		NONE PC GENERAL SUPPORT 2,500
    SUNSTONE EDUCATIONAL FOUNDATION 87-0683974
    343 N THIRD W
    SALT LAKE CITY,UT84103     		NONE PC GENERAL SUPPORT 3,000
    UTAH MUSEUM OF CONTEMPORARY ART 87-0221537
    20 S WEST TEMPLE
    SALT LAKE CITY,UT84101     		NONE PC GENERAL SUPPORT 1,000
    UTAH STATE HISTORICAL SOCIETY 87-6000545
    300 S RIO GRANDE STREET
    SALT LAKE CITY,UT84101     		NONE PC GENERAL SUPPORT 1,000
    UTAH STATE UNIVERSITY LIBRARIES 87-6000528
    3100 OLD MAIN HILL
    LOGAN,UT84322     		NONE PC GENERAL SUPPORT 2,000
    Total .................................bullet 3a 21,100
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		    14 610  
    4 Dividends and interest from securities....     14 335,058  
    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.....     01 795  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 183,040  
    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).. 0 519,503 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    519,503
    (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
    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
    SMITH-PETTIT FOUNDATION
     
    Employer identification number

    87-0641442
    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
    SMITH-PETTIT FOUNDATION
          		Employer identification number
    87-0641442
    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
    GEORGE D SMITH
     
    3701 SACRAMENTO STREET 255
     
    SAN FRANCISCO, CA94118

    		$ 800,000


    (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
    SMITH-PETTIT FOUNDATION
          		Employer identification number

    87-0641442
    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
    SMITH-PETTIT FOUNDATION
          		Employer identification number

    87-0641442
    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:
    SMITH-PETTIT FOUNDATION
    EIN:
    87-0641442
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 25,945 12,973 12,973 12,972

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

    TY 2020 DepreciationSchedule
    Name:
    SMITH-PETTIT FOUNDATION
    EIN:
    87-0641442
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LAND @ 514/520 W 400 N SALT LAKE CITY, UT 2000-12-28 30,000   L   0 0 0  
    BLDG @ 514/520 W 400 N SALT LAKE CITY, UT 2000-12-28 255,000 121,391 ADS 40.000000000000 6,375 0 6,375  
    FURNITURE & EQUIPMENT 2000-12-28 36,200 36,200 ADS 10.000000000000 0 0 0  
    FURNITURE & EQUIPMENT 2001-02-01 721 721 ADS 10.000000000000 0 0 0  
    LAPTOP COMPUTER 2002-03-04 1,815 1,815 ADS 5.000000000000 0 0 0  
    OFFICE EQUIPMENT 2007-09-04 2,159 2,159 ADS 5.000000000000 0 0 0  
    FURNITURE & FIXTURE 2013-04-23 1,520 760 SL 5.000000000000 0 0 0  
    PHOTOCOPIER 2015-11-11 2,800 1,155 SL 5.000000000000 245 0 467  

    TY 2020 GeneralExplanationAttachment
    Name:
    SMITH-PETTIT FOUNDATION
    EIN:
    87-0641442
    Identifier Return Reference Explanation
    SIGNATURE BOOKS PUBLISHING LLC FORM 990-PF, PART IX-B, LINE 1 PROGRAM RELATED INVESTMENT DURING 2000, THE SMITH PETTIT FOUNDATION WAS THE CHARITABLE RECIPIENT OF A 67% OWNERSHIP INTEREST IN SIGNATURE BOOKS PUBLISHING LLC, A PUBLISHING COMPANY LOCATED IN SALT LAKE CITY, UT. THIS COMPANY IS PRIMARILY IN THE BUSINESS OF PUBLISHING SCHOLARLY AND EDUCATIONAL WORKS RELATED TO MORMON STUDIES AND MORMON CULTURE.
      EXEMPT PURPOSE OF SMITH PETTIT FOUNDATION THE FOUNDATION IS DEVOTED TO SCHOLARSHIP AND EDUCATION CONCERNING MORMON STUDIES. IN MOST CASES, THE RELATED PUBLISHING ACTIVITIES OF THE FOUNDATION WILL BE UNDERTAKEN BY SIGNATURE BOOKS PUBLISHING LLC.
    TRANSFERS TO CONTROLLED ENTITIES FORM 990-PF, PART VII-A, LINE 11 NAME OF CONTROLLED ENTITY: SIGNATURE BOOKS PUBLISHING LLCEMPLOYER ID: 87-0662859ADDRESS:508 W 400 NSALT LAKE CITY, UT 84116DESCRIPTION OF TRANSFER:MONTHLY CASH CONTRIBUIONS FOR EXPENSES RELATED TO PUBLISHING MORMON SCHOLARLY AND EDUCTIONAL WORKS.AMOUNT OF TRANSFER:$440,000EXCESS BUSINESS HOLDING:[ ] YES [X] NO

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    SMITH-PETTIT FOUNDATION
    EIN:
    87-0641442
    Name of Bond End of Year Book Value End of Year Fair Market Value
    17657.520 CUSIP: 100AB5004 17,658 17,658
    53744.440 CUSIP: 100AB5004 53,716 53,716
    07789.810 CUSIP: 100AB5004 7,790 7,790
    76280.760 CUSIP: 100AB5004 76,281 76,281
    91316.070 CUSIP: 100AB5004 90,299 90,299
    13638.060 CUSIP: 100AB5004 13,638 13,638

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    SMITH-PETTIT FOUNDATION
    EIN:
    87-0641442
    Name of Stock End of Year Book Value End of Year Fair Market Value
    00896.000 ABT 78,364 98,103
    00048.000 GOOGL 58,358 84,127
    00034.000 AMZN 63,210 110,736
    33519.685 APHKX 1,141,022 1,336,095
    00305.000 GS 49,421 80,432
    00347.000 HON 59,184 73,807
    03960.000 EEMV 220,212 241,877
    00951.000 NEE 69,930 73,370
    29833.318 NPSFX 506,536 525,066
    00128.000 NVDA 69,605 66,842
    00330.000 PYPL 70,212 77,286
    00210.000 TMO 59,474 97,814
    00239.000 UNH 59,370 83,813
    01972.000 VOO 356,288 677,757
    06014.000 VIG 491,875 848,996
    00328.000 V 59,329 71,743
    00456.000 DIS 70,087 82,618
    00137.000 ADDYY 15,996 25,070
    01379.000 ADYEY 28,903 63,986
    01165.000 AAGIY 19,880 57,236
    00432.000 AIQUY 6,815 14,208
    00287.000 ALC 18,313 18,936
    00539.000 ALFVY 8,283 14,618
    00076.000 BABA 15,513 17,687
    01505.000 ALIZY 17,804 37,098
    06143.000 ABEV 23,413 18,798
    00917.000 ATLKY 20,032 46,840
    04739.000 BBVA 33,584 23,411
    00135.000 CNI 4,692 14,830
    00264.000 CHKP 20,877 35,088
    01224.000 CHGCY 13,988 32,558
    00230.000 DASTY 22,211 46,844
    00527.000 DBSDY 27,058 40,078
    00132.000 DEO 20,800 20,963
    01181.000 EPOKY 10,879 21,471
    00553.000 FANUY 6,497 13,654
    00291.000 FMX 24,247 22,049
    00570.000 FUPBY 6,135 8,111
    00238.000 HDB 10,464 17,198
    01322.000 IBN 9,470 19,645
    01766.000 IFNNY 31,564 68,079
    03997.000 ITUB 20,118 24,342
    00761.000 KMTUY 16,329 21,066
    00232.000 KUBTY 17,506 25,599
    00571.000 LRLCY 12,872 43,482
    00087.000 LIN 13,548 22,925
    00606.000 LZAGY 16,134 38,832
    00216.000 LUKOY 18,986 14,766
    00277.000 NSRGY 14,882 32,631
    00772.000 NCLTY 9,733 16,351
    00210.000 NVZMY 10,902 11,985
    00905.000 PNGAY 19,991 22,173
    00432.000 RIO 23,049 32,495
    00954.000 RHHBY 20,550 41,823
    00503.000 RDSB 20,257 16,906
    00375.000 SAP 24,856 48,896
    01271.000 SBGSY 23,669 36,795
    00445.000 SGSOY 11,374 13,352
    00831.000 SGIOY 12,040 11,385
    00383.000 SONVY 6,123 20,119
    00716.000 SYIEY 9,498 23,818
    00431.000 SSMXY 4,067 25,925
    00656.000 TSM 7,761 71,530
    00518.000 TCEHY 24,639 37,239
    03536.000 UNICY 23,582 33,910
    00385.000 UL 14,032 23,239
    00195.000 YNDX 5,440 13,568
    00202.000 TWOU 8,179 8,082
    00278.000 ALRM 10,878 28,759
    00059.000 AMED 6,842 17,306
    00205.000 AMN 11,028 13,991
    00054.000 TECH 3,178 17,148
    00233.000 BL 8,125 31,078
    00083.000 CVGW 5,000 5,763
    00087.000 CASS 1,955 3,385
    00029.000 CHE 1,584 15,446
    00045.000 CCMP 1,507 6,809
    00180.000 DSGX 7,150 10,526
    00065.000 DORM 3,904 5,643
    00240.000 ENSG 11,122 17,501
    00090.000 EXLS 4,318 7,662
    00139.000 EXPO 3,986 12,514
    00127.000 FIVE 7,543 22,222
    00139.000 FIVN 7,512 24,242
    00191.000 FND 6,641 17,734
    00123.000 FRPT 917 17,465
    00362.000 GNTX 3,479 12,283
    00155.000 GLOB 6,725 33,730
    00061.000 GSHD 2,722 7,610
    00156.000 LOPE 6,180 14,525
    00258.000 HCAT 8,613 11,231
    00462.000 HCSG 12,551 12,982
    00074.000 HSKA 5,844 10,778
    00070.000 INGN 4,631 3,128
    00392.000 INOV 7,465 7,123
    00056.000 KAI 4,850 7,895
    00188.000 KRNT 8,257 16,756
    00118.000 MMS 1,799 8,636
    00253.000 NATI 5,549 11,117
    00248.000 EYE 6,832 11,232
    00134.000 NEOG 4,879 10,626
    00134.000 OLLI 7,528 10,957
    00130.000 KIDS 4,281 5,363
    00101.000 PCTY 3,262 20,797
    00191.000 PEGA 4,006 25,453
    00149.000 PNTG 5,479 8,651
    00293.000 PETQ 8,219 11,266
    00144.000 PHR 5,897 7,813
    00566.000 PS 12,435 11,863
    00164.000 POWI 3,009 13,425
    00219.000 PRAA 5,834 8,686
    00195.000 PRO 4,826 9,900
    00116.000 PRLB 5,484 17,794
    00326.000 RBA 8,837 22,673
    00049.000 ROG 7,561 7,609
    00242.000 SPSC 2,034 26,279
    00228.000 TMX 7,583 11,630
    00093.000 USPH 6,963 11,183
    00733.000 WSC 8,601 16,984
    00245.000 WK 5,282 22,447
    00121.000 ACN 6,489 31,606
    00454.000 BRKB 52,169 105,269
    00029.000 BKNG 51,263 64,591
    01135.000 SCHW 44,668 60,200
    00403.000 CB 55,082 62,030
    01536.000 CMCSA 68,341 80,486
    00351.000 DG 25,239 73,815
    00662.000 DLTR 61,069 71,522
    00449.000 ETN 41,351 53,943
    00243.000 EMR 11,536 19,530
    00348.000 EXPD 13,211 33,098
    00265.000 HON 24,285 56,366
    00448.000 JPM 32,478 56,927
    01122.000 PHG 52,360 60,779
    01606.000 MAS 61,528 88,218
    00561.000 MU 28,243 42,176
    00290.000 NSRGY 14,679 34,162
    00469.000 NTRS 42,410 43,683
    00645.000 OMC 47,365 40,229
    00503.000 PCAR 25,048 43,399
    00251.000 PEP 25,191 37,223
    00335.000 PPG 33,602 48,314
    00394.000 PGR 30,033 38,959
    00581.000 DGX 57,147 69,238
    01031.000 SLB 56,179 22,507
    01038.000 SNN 39,438 43,772
    00751.000 SNE 49,248 75,926
    00836.000 TJX 28,808 57,090
    00958.000 UL 44,610 57,825
    00180.000 UNH 19,188 63,122
    00224.000 AIN 13,402 16,446
    00430.000 AMSWA 3,914 7,383
    00210.000 ANIK 10,353 9,505
    00204.000 AWI 15,206 15,176
    00086.000 BMI 2,524 8,089
    00183.000 BOH 12,418 14,021
    00359.000 BRKS 8,577 24,358
    00530.000 CAKE 20,542 19,642
    00354.000 ROAD 5,615 10,305
    00270.000 CLGX 11,007 20,876
    00424.000 EVTC 15,538 16,672
    00206.000 FFIN 2,753 7,452
    00292.000 GGG 6,962 21,126
    00063.000 JKHY 4,417 10,205
    00340.000 HLI 15,280 22,858
    00108.000 JBT 11,000 12,298
    00121.000 LSTR 8,807 16,294
    00434.000 LESL 9,109 12,044
    00296.000 FIZZ 9,900 25,130
    00108.000 PRI 4,589 14,464
    00112.000 ROLL 7,576 20,052
    00158.000 RLI 8,794 16,456
    00194.000 SMG 15,177 38,633
    00208.000 SITE 7,436 32,995
    00167.000 SYBT 7,120 6,760
    00457.000 TMX 14,223 23,312
    00186.000 THO 11,316 17,296
    00056.000 UNF 10,359 11,855
    00097.000 WSO 13,725 21,975
    00065.000 WDFC 5,898 17,269

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    SMITH-PETTIT FOUNDATION
    EIN:
    87-0641442
    US Government Securities - End of Year Book Value:

    2,891,975
    US Government Securities - End of Year Fair Market Value:

    3,163,729
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    SMITH-PETTIT FOUNDATION
    EIN:
    87-0641442
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    67% INTEREST IN SIGNATURE BOOKS PUBLISHING, LLC (SEE EXPLANATION) FMV 998,428 998,428
    0097468.129 MHYSX AT COST 483,498 546,796
    1607706.667 JINXX AT COST 1,608,511 1,608,511
    0000455.000 CCI AT COST 65,601 72,431
    0000435.000 DLR AT COST 59,925 60,687
    0025015.000 IAU AT COST 353,819 453,522
    0038391.038 MWCPX AT COST 452,195 461,076
    0000682.000 MGP AT COST 19,563 21,347
    0250000.000 BLACKSTONE GSO SECURED AT COST 233,827 233,827

    TY 2020 OtherAssetsSchedule
    Name:
    SMITH-PETTIT FOUNDATION
    EIN:
    87-0641442
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ORGANIZATION COSTS 38,836 38,836 38,836
    LESS ACCUMULATED AMORTIZATION -38,836 -38,836 -38,836
    PAINTINGS 15,153 15,153 15,153
    DEPOSITS 400 400 400
    CASH SURRENDER VALUE OF MINNESOTA LIFE INSURANCE 350,000 350,000 350,000
    CASH SURRENDER VALUE OF PACIFIC LIFE INSURANCE 1,700,000 1,700,000 1,700,000
    OTHER DEPRECIABLE PROPERTY 15,000 15,000 15,000
    COLLECTION 204,400 204,400 204,400


    TY 2020 OtherDecreasesSchedule
    Name:
    SMITH-PETTIT FOUNDATION
    EIN:
    87-0641442
    Description Amount
    FUND BALANCE ADJUSTMENT 4,606


    TY 2020 OtherExpensesSchedule
    Name:
    SMITH-PETTIT FOUNDATION
    EIN:
    87-0641442
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LOSS FROM SIGNATURE BOOKS PUBLISHING LLC 484,706 0 0 0
    INSURANCE 2,722 0 0 2,722
    SUPPLIES 9,536 0 0 9,536
    TELEPHONE 3,834 0 0 3,834
    FEES 1,093 1,093 1,093 0
    OFFICE EXPENSE 53 0 0 53
    DUES AND SUBSCRIPTIONS 696 0 0 696


    TY 2020 OtherIncomeSchedule2
    Name:
    SMITH-PETTIT FOUNDATION
    EIN:
    87-0641442
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 795 795 795


    TY 2020 OtherIncreasesSchedule
    Name:
    SMITH-PETTIT FOUNDATION
    EIN:
    87-0641442
    Description Amount
    RETURN OF CAPITAL 2,840


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    SMITH-PETTIT FOUNDATION
    EIN:
    87-0641442
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONTRACT: RESEARCH & WRITING 2,373 0 0 2,373
    INVESTMENT ADVISORY AND MANAGEMENT 234,058 234,058 234,058 0
    PROPERTY MANAGEMENT 2,055 0 0 2,055


    TY 2020 TaxesSchedule
    Name:
    SMITH-PETTIT FOUNDATION
    EIN:
    87-0641442
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROPERTY 7,016 0 0 7,016
    FOREIGN TAXES-WITHHOLDING ON DIVIDENDS 4,613 4,613 4,613 0
    INCOME TAX 1,000 1,000 1,000 0