Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
Clark R Smith Family Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

22-2757313
B Telephone number (see instructions)

(800) 839-1754
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$29,970,284J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 6,803 6,803  
4 Dividends and interest from securities... 584,592 584,592  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 70,132
b Gross sales price for all assets on line 6a 8,169,015
7 Capital gain net income (from Part IV, line 2)... 70,132
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 3,848 196  
12 Total. Add lines 1 through 11........ 665,375 661,723  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 125,887 125,887    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,800      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 35,567 67   35,500
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 166,254 125,954   35,500
25 Contributions, gifts, grants paid....... 925,000 925,000
26 Total expenses and disbursements. Add lines 24 and 25 1,091,254 125,954   960,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -425,879
b Net investment income (if negative, enter -0-) 535,769
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,185,397 1,603,717 1,603,717
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 100,750 Click to see attachment100,750 103,467
b Investments—corporate stock (attach schedule)....... 7,570,816 Click to see attachment8,874,757 12,521,095
c Investments—corporate bonds (attach schedule)....... 1,990,070 Click to see attachment842,011 917,447
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,715,326 Click to see attachment3,715,326 14,824,558
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 15,562,359 15,136,561 29,970,284
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...........    
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 15,562,359 15,136,561
29 Total net assets or fund balances (see instructions)..... 15,562,359 15,136,561
30 Total liabilities and net assets/fund balances (see instructions). 15,562,359 15,136,561
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
15,562,359
2
Enter amount from Part I, line 27a .....................
2
-425,879
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
81
4
Add lines 1, 2, and 3 ..........................
4
15,136,561
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
15,136,561
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
c
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 8,169,015   8,098,883 70,132
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       70,132
b
c
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 70,132
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
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 7,447
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  
3 Add lines 1 and 2........................... 3 7,447
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 7,447
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 13,700
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,650
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 16,350
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
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 8,903
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet7,500 RefundedBullet 11 1,403
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Carlton Smith Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Owen Smith Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Trina Smith Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
    BANK OF AMERICA US TRUST Investment Mgmt 106,887
    100 FEDERAL STREET 11TH FL
    BOSTON,MA02110
    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  
    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)
    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
    12,849,905
    b
    Average of monthly cash balances.......................
    1b
    1,161,175
    c
    Fair market value of all other assets (see instructions)................
    1c
    14,824,558
    d
    Total (add lines 1a, b, and c).........................
    1d
    28,835,638
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    28,835,638
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    432,535
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    28,403,103
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,420,155
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,420,155
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    7,447
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,447
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,412,708
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    81
    5
    Add lines 3 and 4............................
    5
    1,412,789
    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
    1,412,789
    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
    960,500
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    960,500
    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
    960,500
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 1,412,789
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 941,392
    b Total for prior years:2018, 2017, 2016  
    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$ 960,500
    a Applied to 2019, but not more than line 2a 941,392
    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..... 19,108
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		1,393,681
    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 ......     		0
    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.... 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    826 VALENCIA
    826 VALENCIA ST
    SAN FRANCISCO,CA94110     		N/A PC The Black Students Initiative 5,000
    AMERICAN NATIONAL RED CROSS - GOLD COUNTY REGION
    1565 EXPOSITION BLVD
    SACRAMENTO,CA95815     		N/A PC California Wildfires fund 10,000
    AMERICAN NATIONAL RED CROSS - GOLD COUNTY REGION
    1565 EXPOSITION BLVD
    SACRAMENTO,CA95815     		N/A PC Oregon Wildfires fund 10,000
    BOSTON FOUNDATION INC
    75 ARLINGTON ST NO FL 3
    BOSTON,MA02116     		N/A PC Asian Community Fund 25,000
    BOSTON FOUNDATION INC
    75 ARLINGTON ST NO FL 3
    BOSTON,MA02116     		N/A PC Community Learning Collaborative 45,000
    CALIFORNIA ACADEMY OF SCIENCES
    55 MUSIC CONCOURSE DR GGP
    SAN FRANCISCO,CA94118     		N/A PC Academy for All Program 3,000
    CENTRO LEGAL DE LA RAZA INC
    3400 E 12TH ST
    OAKLAND,CA94601     		N/A PC Tenants Rights practice projects, including website construction and maintenance, phone system consultation and installation, and a Mass Eviction Defense Program Manager 50,000
    CENTRO LEGAL DE LA RAZA INC
    3400 E 12TH ST
    OAKLAND,CA94601     		N/A PC The Youth Law Academy Program 30,000
    COUNCIL ON THE ENVIRONMENT INC DBA GROWNYC
    100 GOLD ST STE 3300
    NEW YORK,NY10038     		N/A PC Youth Education Programs 5,000
    ESSEX COUNTY COMMUNITY FOUNDATION INCORPORATED
    175 ANDOVER ST STE 101
    DANVERS,MA01923     		N/A PC COVID-19 Special Fund 20,000
    ESSEX COUNTY COMMUNITY FOUNDATION INCORPORATED
    175 ANDOVER ST STE 101
    DANVERS,MA01923     		N/A PC Digital Divide Initiative 20,000
    FARESTART
    700 VIRGINIA ST
    SEATTLE,WA98101     		N/A PC FareStart COVID-19 Response & Recovery Fund 20,000
    FOOD PROJECT INC
    10 LEWIS ST
    LINCOLN,MA01773     		N/A PC Youth Programs in the North Shore 30,000
    GIRLS INCORPORATED OF LYNN
    50 HIGH ST
    LYNN,MA01902     		N/A PC Operation SMART 30,000
    HIDDEN GENIUS PROJECT
    2934 TELEGRAPH AVE
    OAKLAND,CA94609     		N/A PC General & Unrestricted 2,000
    HOMELESS PRENATAL PROGRAM INC
    2500 18TH ST
    SAN FRANCISCO,CA94110     		N/A PC Food Security Program 25,000
    HOMELESS PRENATAL PROGRAM INC
    2500 18TH ST
    SAN FRANCISCO,CA94110     		N/A PC Jelani House Program 15,000
    INTERNATIONAL RESCUE COMMITTEE INC
    PO BOX 6068
    ALBERT LEA,MN56007     		N/A PC IRC San Jose, CA BRIDGE Youth Mentorship Program 50,000
    ISLAND HOUSING TRUST CORPORATION
    PO BOX 779
    WEST TISBURY,MA02575     		N/A PC Kuehn's Way development project 20,000
    LEAP FOR EDUCATION INC
    35 CONGRESS ST STE 102
    SALEM,MA01970     		N/A PC Thurgood Marshall Middle School Program in Lynn and post-secondary and career readiness programs 35,000
    MARTHAS VINEYARD BOYS AND GIRLS CLUB INCORPORATED
    PO BOX 654
    EDGARTOWN,MA02539     		N/A PC General & Unrestricted 10,000
    MASSACHUSETTS BAR FOUNDATION INC
    20 W ST
    BOSTON,MA02111     		N/A PC Legal Intern Fellowship program 50,000
    NATURAL RESOURCES ALL FAMILIES FOUNDATION INC
    1051 VALENCIA ST
    SAN FRANCISCO,CA94110     		N/A PC General & Unrestricted 5,000
    NEW YORK COMMON PANTRY
    8 E 109TH ST
    NEW YORK,NY10029     		N/A PC General & Unrestricted 40,000
    PATHWAYS FOR CHILDREN INC
    29 EMERSON AVE
    GLOUCESTER,MA01930     		N/A PC Supporting Families Program 30,000
    RAW ART WORKS INC
    37 CENTRAL SQ
    LYNN,MA01901     		N/A PC Project Launch 30,000
    REAL ESCAPE FROM THE SEX TRADE
    4215 RAINIER AVE S STE B
    SEATTLE,WA98118     		N/A PC General & Unrestricted 65,000
    ROOM TO GROW NATIONAL INC
    424 E 147TH ST FL 5
    BRONX,NY10455     		N/A PC General & Unrestricted 65,000
    RUNWAY OF DREAMS FOUNDATION
    2 DEVONSHIRE RD
    LIVINGSTON,NJ07039     		N/A PC General & Unrestricted 20,000
    SAN FRANCISCO FOOD BANK
    900 PENNSYLVANIA AVE
    SAN FRANCISCO,CA94107     		N/A PC Farm to Family Program 10,000
    SAN FRANCISCO FOOD BANK
    900 PENNSYLVANIA AVE
    SAN FRANCISCO,CA94107     		N/A PC Mobile Food Pantry Program 10,000
    THE OPEN DOOR CAPE ANN FOOD PANTRY INC
    28 EMERSON AVE
    GLOUCESTER,MA01930     		N/A PC General & Unrestricted 5,000
    THE OPEN DOOR CAPE ANN FOOD PANTRY INC
    28 EMERSON AVE
    GLOUCESTER,MA01930     		N/A PC Food Pantry programs and COVID-19 Response and Recovery fund 25,000
    WELLSPRING HOUSE INC
    302 ESSEX AVE
    GLOUCESTER,MA01930     		N/A PC Gloucester Public Schools partnership, the CAYAEC program, and ongoing career and educational advising for youth and adults programs 65,000
    WELLSPRING HOUSE INC
    302 ESSEX AVE
    GLOUCESTER,MA01930     		N/A PC immediate needs of the Family Shelter, Homelessness Prevention, and Employee family support fund 5,000
    WEST SIDE CENTER FOR COMMUNITY LIFE INC
    263 W 86TH ST
    NEW YORK,NY10024     		N/A PC General & Unrestricted 20,000
    WEST SIDE CENTER FOR COMMUNITY LIFE INC
    263 W 86TH ST
    NEW YORK,NY10024     		N/A PC West Side Campaign Against Hunger 20,000
    Total .................................bullet 3a 925,000
    bApproved for future payment
    Total .................................bullet 3b  
    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 6,803  
    4 Dividends and interest from securities....     14 584,592  
    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 70,132  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFederal Tax Refund     		    01 3,652  
    bFOREIGN TAX REFUND     01 196  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   665,375  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    665,375
    (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

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

    TY 2020 DepreciationSchedule
    Name:
    Clark R Smith Family Foundation
    EIN:
    22-2757313
    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

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    Clark R Smith Family Foundation
    EIN:
    22-2757313
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN HONDA FIN CORP MTN - 50,585 51,436
    APPLE INC - 3.000% - 02/09/202 50,205 53,788
    BP CAP MKTS AMER - 3.410% - 02 50,200 56,058
    BURLINGTON NORTHN SANTA FE CP 50,077 56,612
    BYN MELLON - 3.250% - 05/16/20 49,871 56,309
    CITIGROUP INC BND - 3.300% - 0 49,238 55,448
    COCO-COLA - 0.029% - 10/27/202 49,901 55,442
    COMCAST CORP NOTE - 4.150% - 1 51,658 60,188
    DUKE ENERGY PROGRESSLLC BOND - 50,463 58,078
    INTEL CORP - 3.150% - 05/11/20 50,066 56,435
    MEDTRONIC INC - 3.500% - 03/15 37,207 40,400
    MERCK &CO INC NOTE CALL MAKE W 50,117 53,913
    PEPSICO INC BOND - 3.000% - 08 50,381 50,920
    PFIZER - 3.000% - 06/15/2023 50,534 53,285
    PUBLIC SVC ELEC GAS CO BE MTN 50,711 53,536
    STATE STR CORP - 3.300% - 12/1 50,684 55,480
    TEXAS INSTRS INC NOTE CALL MAK 50,113 50,119

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Clark R Smith Family Foundation
    EIN:
    22-2757313
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS 32,919 79,490
    ABBVIE INC 26,395 24,966
    ACCENTURE PLC 17,865 30,823
    ACS ACTIVIDADES CO UNSP ADR 6 7
    ADECCO S.A. UNSP/ADR 8,421 9,049
    ADIDAS AG 9,134 14,273
    ADOBE SYSTEMS, INC 12,225 62,515
    ADTALEM GLOBAL EDUCATION INC 11,899 10,015
    ADVANCED MEDICAL OPTICS 5,778 7,518
    AERCAP HOLDING N.V 3,761 3,783
    AEROJET ROCKETDYNE HOLDINGS IN 3,063 3,964
    AGILENT TECHNOLOGIES INC 9,680 28,912
    AIA GROUP LTD ADR 17,188 27,513
    AIR PRODS & CHEM INC 17,528 34,153
    AIRBUS GROUP 7,244 8,879
    AKAMAI TECH COM STK 8,229 8,399
    ALASKA AIR GROUP INC 2,856 2,184
    ALBANY INTERNATIONAL CORP 1,959 1,982
    ALCON INC 8,040 8,379
    ALEXANDRIA REAL ESTATE EQUITIE 9,485 9,980
    ALEXION PHARMACEUTICALS, INC 19,779 27,498
    ALIBABA GROUP HOLDING LTD 19,718 26,298
    ALIGN TECHNOLOGY, INC 6,319 13,360
    ALLIANCE DATA SYSTEM CORP 6,777 2,519
    ALLIANZ SE 5,881 8,307
    ALLY FINANCIAL INC 6,200 10,662
    ALPHABET INC CL C 92,063 154,165
    ALTERYX INC 4,337 4,263
    ALTICE USA INC 4,147 8,218
    AMADEUS IT HLDS SA 4,141 4,208
    AMEDISYS INC - COMMON STOCK 4,071 7,333
    AMER EQ INV LIFE HLD 3,570 2,960
    AMER FIN GRP HLD 3,022 2,979
    AMERICAN EXPRESS CO 44,956 49,815
    AMERICAN TOWER REIT INC 13,962 12,121
    AMERICAN WATER WORKS COMPANY I 27,694 52,180
    AMGEN INC 27,171 37,937
    AMICUS THERAPEUTICS INC 1,667 3,556
    AMKOR TECHNOLOGY, INC 6,884 10,692
    AMPHASTAR PHARMACEUTICALS INC 1,684 1,609
    ANGLO AM PLC ADR 9,547 13,238
    ANSYS INC 7,115 8,004
    ANTHEM INC 24,900 30,504
    APACHE CORPORATION 3,578 3,576
    APPLE HOSPITALITY REIT INC 3,524 4,480
    APPLE INC 45,606 294,703
    APPLIED IDNS TECH 4,310 5,693
    APPLIED MATERIALS INC 26,144 35,297
    APTIV PLC 20,548 27,752
    ARCH CAPITAL GROUP LTD 4,859 5,086
    ASHLAND GLOBAL HOLDINGS 5,988 6,811
    ASML HOLDING NV NY REG SHS 8,551 23,898
    ASPEN TECHNOLOGY, INC 12,144 13,286
    ASSURANT INC 3,306 4,495
    AUTODESK, INC 9,732 10,687
    AVALONBAY CMNTYS INC 4,864 4,171
    AVIENT 1,258 2,578
    AVNET INC 3,914 4,915
    AXIS CAPITAL HOLDINGS LTD 4,443 4,737
    BAE SYSTEMS PLC 8,544 6,733
    BALCHEM CORP 2,993 2,996
    BALL CP 9,266 24,693
    BANCO BILBAO ARG SA 10,704 6,723
    BANCORPSOUTH BANK 4,246 4,116
    BANDWIDTH INC 2,685 5,993
    BANK OF HAWAII CORP 7,310 8,888
    BAXTER INTERNATIONAL INC 15,074 13,641
    BAYERISCHE MOTOREN WERKE AG AD 9,585 9,597
    BECTON DICKINSON & CO 9,172 9,759
    BEST BUY INC 12,950 21,056
    BIOHAVEN PHARMACEUTICAL HOLDIN 1,717 2,314
    BIOMARIN PHARMACEUTICAL INC 4,466 3,332
    BJ'S WHLSL CLUB INC 4,502 6,636
    BLACKROCK INC 34,110 47,622
    BLOOM ENERGY CORP 2,825 3,009
    BLUCORA, INC. 1,527 1,209
    BMC STOCK HOLDINGS 7,691 17,017
    BRAMBLES LTD UNSP AD 7,189 7,875
    BROADRIDGE FINANCIAL 3,398 5,362
    BROOKS AUTOMATION, INC 1,961 3,189
    BRUKER CORPORATION 9,887 13,587
    BUNZL PLC SPONSORED ADR 6,531 9,044
    BURBERRY GROUP PLC 7,236 6,729
    BURLINGTON STORES, INC 5,727 12,031
    CABLE ONE INC 5,153 13,366
    CACTUS, INC. CLASS A 1,772 1,512
    CADENCE DESIGN SYSTEMS INC 9,982 11,597
    CALAVO GROWERS, INC 2,777 2,152
    CALRSBERG AS SP ADR REP B 6,103 8,996
    CANADIAN NATL RAILWAY CO 10,438 11,644
    CAP GEMINI SA UNSP/ADR 6,784 8,694
    CARDTRONICS INC 1,703 1,836
    CAREDX INC 2,158 3,912
    CARLISLE COS INC 3,225 3,748
    CARMAX INC 9,354 8,312
    CASEY'S GENERAL STORES, INC 3,638 5,001
    CATALENT INC 8,244 11,760
    CBRE GROUP 8,854 19,192
    CDW CORP 5,525 10,148
    CHAMPIONX CORP 805 842
    CHEGG INC 2,435 8,581
    CHEMED CORP 1,812 2,130
    CHIPOTLE MEX GRILL 6,675 13,867
    CIGNA CORPORATION 13,390 27,063
    CIMAREX ENERGY CO 568 1,163
    CISCO SYSTEMS INC 42,733 57,907
    CITIGROUP INC 68,381 81,823
    CITY OFFICE REIT 2,501 3,165
    CLEAN HARBORS, INC 327 457
    CLOROX CO 17,909 23,423
    COLGATE-PALMOLIVE COMPANY 18,677 21,634
    COLUMBIA PROPERTY TRUST INC 2,514 2,882
    COMCAST CORP 33,508 46,793
    COMFORT SYSTEMS USA INC 3,293 4,213
    COMMERCIAL METALS 6,518 7,538
    COMPAGNIE DE SAINT G 8,832 9,634
    COMPAGNIE FINANCIERE RICHEMONT 8,951 9,433
    CONCENTRIX CORP 5,022 8,192
    CONOCOPHILLIPS 29,809 29,633
    COOPER COMPANIES INC 6,692 9,083
    COPART INC 9,010 11,707
    CORE-MARK HOLDING COMPANY, INC 7,993 7,724
    CORNERSTONE ONDEMAND 5,680 4,360
    COSTAMARE INC 1,110 1,333
    COSTAR GROUP, INC 8,478 10,167
    CRA INTERNATIONAL INC 634 662
    CRYOPORT INC 1,703 2,150
    CSG SYST INTL INC. 7,879 7,527
    CUMMINS INC 13,794 19,758
    CVS CAREMARK CORP 26,966 21,036
    D R HORTON 2,963 4,273
    DANA HOLDING CP 6,830 7,086
    DBS GROUP HLDGS SPON ADR 7,869 9,582
    DECKERS OUTDOOR CORPORATION 3,185 6,022
    DEERE CO 19,739 33,093
    DELUXE CORPORATION 3,562 3,212
    DEUTSCHE BOERSE ADR 5,612 8,230
    DEUTSCHE POST AG 10,722 12,410
    DEUTSCHE WOHNEN SE UNSPON ADR 7,273 10,406
    DEXCOM, INC 4,077 7,764
    DIAGEO PLC ADS 8,761 10,958
    DNB NOR ASA SPONSOR ADR 18,173 20,826
    DOVER CORP 4,482 7,575
    EASTMAN CHEMICAL CO 3,201 4,011
    EATON CORP PLC 30,086 50,098
    EBAY INC 38,706 52,411
    ECOLAB INC 16,515 33,103
    EDWARDS LIFESCIENCES 8,449 14,779
    ELECTRONIC ARTS 9,803 12,062
    EMCOR GROUP INC 12,809 17,652
    EMERGENT BIOSOLUTIONS INC 4,483 3,674
    EMERSON ELECTRIC CO 39,890 45,248
    ENCOMPASS HEALTH CORPORATION 4,236 5,127
    ENEL SOCIETA PER AZI 6,087 8,932
    ENTERGY CORP 7,746 7,388
    ENVESTNET INC 2,712 4,197
    EPAM SYSTEMS INC 4,294 13,976
    EPR PROPERTIES 4,815 2,470
    EQT CORPORATION 1,138 2,034
    EQUINIX, INC 21,520 37,137
    EQUINOR ASA 9,382 9,622
    EQUITRANS MIDSTREAM CORPORATIO 2,585 1,922
    ERSTE BK DER OEST SP 9,050 6,231
    ESTEE LAUDER COMPANIES INC 19,486 35,403
    ETFS PHYSICAL SILVER SHARES TR 146,932 159,688
    EURONET WORLDWIDE INC 5,724 8,405
    EVERCORE PARTNERS INC 4,660 6,359
    EVERGY, INC. 8,130 7,549
    EVERTEC INC 7,481 9,712
    EXPEDITORS INTL WASH INC 19,717 25,965
    EXTENDED STAY AMERICA INC 2,153 2,725
    F.N.B CORPORATION 7,875 7,543
    FACEBOOK INC 59,781 97,245
    FANUC LIMITED UNSPONSORED 6,314 8,049
    FARMERS NATIONAL BANC CORP 267 239
    FASTENAL COMPANY 2,846 5,860
    FEDERAL AGRICULTURAL MORTGAGE 408 520
    FEDERATED INVESTRS B 2,626 2,831
    FIDELITY NATIONAL FINANCIAL IN 5,313 6,372
    FINANCIAL INSTITUTIONS, INC 930 788
    FIRST CITIZENS BANCSHARES INC 6,347 8,614
    FIRST COMMONWEALTH FINANCIAL C 449 558
    FIRST FINANCIAL CORPORATION 409 466
    FIRST TRUST STRAT H/I FUND 5,089 5,605
    FIVE BELOW INC 9,525 13,823
    FLOOR AND DECOR HOLDINGS 4,551 5,571
    FORMFACTOR INC. 1,277 2,151
    FORWARD AIR CORP 3,595 4,073
    FOX FACTORY HOLDING CORPORATIO 5,200 7,823
    FTI CONSULTING INC 4,337 4,022
    FULTON FIN CORP 3,906 3,498
    GALLAGHER ARTHUR J & CO 5,278 8,907
    GEA GROUP AG ADR 6,611 10,007
    GENERAC HOLDING INC 6,085 12,053
    GENERAL MILLS INC 26,914 32,634
    GILEAD SCIENCES INC 22,286 20,274
    GLAXOSMITHKLINE PLC 9,980 8,942
    GRACO INC 4,641 8,610
    GRAINGER W W INC 12,318 17,967
    GRAPHIC PACKAGING CORP COM STK 3,525 3,744
    GROCERY OUTLET HOLDING CORP 1,550 1,727
    GROUPE DANONE ADS 8,821 7,349
    H AND E EQUIPMENT SERVICES INC 3,950 3,279
    H&R BLOCK INC 8,217 7,756
    HAMILTON LANE INC 2,265 2,420
    HANOVER INS GROUP 7,958 9,120
    HASBRO INC 11,961 11,880
    HDFC BANK LTD ADR 8,063 13,007
    HEALTH CATALYST ORD SHS 2,606 3,134
    HEICO CORP 5,654 6,620
    HELEN OF TROY LIMITED 5,864 7,999
    HENRY JACK & ASSOC INC 4,007 4,050
    HERON THERAPEAUTICS INC 4,203 3,641
    HESS CORP 19,719 24,495
    HITACHI LTD 7,022 8,099
    HOME DEPOT INC 36,224 71,717
    HONG KONG EX&CL UNSP/ADR 6,476 11,386
    HORIZON PHARMA PLC 274 658
    HUB GROUP, INC 1,940 2,109
    HUBSPOT INC 2,896 7,532
    HUMANA INC 21,017 29,129
    HUNT J B 5,254 6,559
    IBERDROLA ADR 7,413 9,373
    ICON PLC - AMERICAN DEPOSITARY 9,453 16,963
    IDEX CP 5,687 7,769
    IDEXX CORP 15,381 30,992
    INDUSTRIA DE DISENO 11,719 12,591
    INDUSTRIAL LOGISTICS PROPERTIE 1,668 1,980
    INFINEON TECH ADS 9,142 14,610
    INSIGHT ENTERPRISES, INC 972 1,141
    INSULET CORPORATION 7,134 17,127
    INT'L FLAVORS & FRAGRANCES INC 12,942 10,122
    INTEGER HOLDINGS CORP 7,222 7,388
    INTEGRA LIFESCIENCES HOLDINGS 7,965 8,829
    INTERCONTINENTAL EXCHANGE, INC 19,326 23,980
    INTESA SANPAOLO SPA 7,097 7,613
    INTUIT 10,662 16,713
    INVITAE CORP 1,802 3,972
    IRHYTHM TECHNOLOGIES INC 2,446 3,795
    IRIDIUM COMMUNICATIONS INC 2,316 3,658
    ISHARE SP SMALL CAP 600 INDEX 230,026 413,549
    ISHARES GOLD TRUST 643,004 841,231
    ISHARES IBOXX $ INVESTMENT GRA 174,304 224,460
    ISHARES MSCI-JAPAN 475,338 500,956
    ISHARES SILVER TRUST 513,054 617,197
    ISHARES TR S & P MIDCAP 400 IN 780,449 1,387,713
    J2 GLOBAL INC 13,950 16,803
    JABIL CIRCUIT INC 14,942 18,756
    JAMES RIVER GROUP HOLDINGS LTD 780 1,032
    JAMF HOLDING 1,339 1,227
    JAZZ PHARMACEUTICALS INC 5,273 5,447
    JOHNSON CONTROLS INTERNATIONAL 16,079 21,571
    JOHNSON OUTDOORS INC 562 901
    JULIUS BAER GROUP LTD 7,223 8,277
    K12 INC 2,147 2,165
    KBC GROUP SA UNSP ADR 6,917 7,676
    KEMPER CORP 14,476 15,596
    KEYSIGHT TECHNOLOGIES INC 7,529 12,416
    KFORCE INC 740 884
    KIMBERLY CLARK CORP 24,565 27,640
    KNORR BREMSE ADR 7,217 9,287
    KOMATSU LTD 8,199 8,692
    KONINKLIJKE AHOLD DELHAIZE NV 5,464 7,001
    KONINKLIJKE PHILIPS ELECTRONIC 15,283 17,659
    L'AIR LIQUIDE ADR OTC 7,113 7,729
    LAKELAND BANCORP INC 163 203
    LAKELAND FINANCIAL CORPORATION 1,233 1,607
    LAM RESEARCH CORP 13,811 25,503
    LAMAR ADVERTISING CO CL A REIT 4,060 4,827
    LAMB WESTON HOLDINGS INC 7,175 8,819
    LANDSTAR SYSTEM 6,736 8,484
    LATTICE SEMICONDUCTOR 1,579 3,849
    LIBERTY BROADBAND CORPORATION 3,760 4,909
    LONZA GROUP AG UNSP/ADR 4,977 12,111
    LOWES COMPANIES INC 30,265 39,485
    MAINSTAY HIGH YIELD CORPORATE 449,999 496,856
    MANTECH INTERNATIONAL CORP 2,566 3,024
    MARINEMAX INC 1,030 1,576
    MARKEL CORP 3,514 4,133
    MARKET VECTORS - GOLD MINERS E 147,203 133,274
    MARKETAXESS HOLDINGS, INC 3,556 6,847
    MARRIOTT VACATIONS WORLDWIDE C 2,055 3,019
    MARSH AND MCLENNAN COMPANIES I 13,588 16,263
    MARVEL TECH INC 1,455 3,898
    MASONITE INTERNATIONAL CORPORA 7,086 10,326
    MASTEC INC 8,907 13,159
    MASTERCARD INC 37,410 56,397
    MDU RESOURCES GROUP 8,218 9,140
    MEDPACE HOLDINGS, INC 5,999 10,858
    MEDTRONIC PLC 33,359 50,019
    MERCADOLIBRE, INC 5,789 16,752
    MERCK KGAA SPON ADR EACH REPR 9,001 11,686
    MERCURY COMPUTER SYSTEMS 5,548 7,925
    MERIDIAN BIOSCIENCE INC 3,911 4,018
    MERITAGE CORPORATION 7,977 7,123
    MGM GROWTH PROPERTIES LLC 4,556 4,883
    MICROCHIP TECHNOLOGY INC 8,002 12,154
    MICROSOFT CORP 53,359 209,297
    MODEL N INC 2,653 2,569
    MONMOUTH REAL ESTATE INVESTMEN 367 502
    MONOLITHIC POWER SYSTEMS, INC 8,100 24,537
    MONRO MUFFLER BRAKE, INC 4,109 3,038
    MORGAN STANLEY 43,838 74,287
    MOTOROLA MOBILITY HOLDINGS INC 1,197 1,154
    MRC GLOBAL INC 1,733 603
    MSCI INC 6,170 6,698
    MURATA MFG INC UNSP/ADR 5,014 8,407
    MURPHY USA INC 2,707 3,141
    NASDAQ OMX GROUP 9,400 13,539
    NATIONAL GRID TRANSCO PLC 7,196 7,025
    NCR CP 5,303 5,823
    NESTLE S.A 13,283 17,081
    NETGEAR INC 2,064 2,722
    NEW RELIC INC 4,212 3,074
    NEWPARK RESOURCES 2,248 415
    NEXTERA ENERGY, INC 28,610 68,741
    NIKE INC-CL B 21,724 38,197
    NLIGHT INC 1,408 1,959
    NORDEA BANK ABP 10,477 8,421
    NVIDIA CORP 16,221 70,497
    OCADO GROUP PLC 3,983 11,288
    OFFICE PROPERTIES INCOME TRUST 2,149 1,886
    OMNICELL, INC 2,908 3,841
    ONE GAS INC 3,328 3,378
    OSI SYSTEMS, INC 1,540 1,864
    OTTER TAIL CORP 2,281 2,301
    OUTFRONT MEDIA INC 759 763
    PACIRA PHARMACEUTICALS INC 2,704 3,351
    PACKAGING CORP AMER 5,784 7,723
    PAGERDUTY ORD SHS 3,326 5,087
    PARKER HANNIFIN CP 25,816 29,148
    PAYCOM SOFTWARE 9,552 15,377
    PENUMBRA INC 4,758 5,600
    PEPSICO INC 39,646 56,057
    PERDOCEO EDUCATION 5,168 4,042
    PERNOD-RECARD SA 9,875 12,771
    PERSPECTA INC 5,107 5,322
    PHILLIPS 66 20,526 12,589
    PIEDMONT OFFICE REALTY TRUST I 3,988 3,879
    PIMCO INCOME FUND 253,290 254,975
    PINNACLE FINANCIAL PARTNERS IN 11,377 12,622
    PJT PARTNERS INC 2,149 3,462
    PNC FINANCIAL GROUP INC 40,092 46,786
    POOL CORP 4,583 12,665
    PORTLAND GEN ELEC 6,743 5,988
    PRA HEALTH SCIENCES INC COM 5,474 7,903
    PRIMERICA, INC 7,227 7,634
    PRIMORIS SERVICES CORP 4,401 5,826
    PROCTER GAMBLE CO 27,557 46,334
    PROG HOLDINGS INC 5,025 7,596
    PROGRESS SOFTWARE CORP 5,559 6,327
    PROGRESSIVE CORP OHIO 22,651 28,873
    PROGYNY ORD SHS 2,453 5,384
    PROLOGIS 20,754 28,104
    PROSUS NV ADR 8,090 11,734
    PTC INC 5,447 7,775
    QUALCOMM INC 16,939 30,011
    QUALYS INC COM 7,452 11,700
    QUANTERIX ORD SHS 763 791
    QURATE RETAIL INC QVC GROUP 4,056 7,536
    RAVEN INDUSTRIES, INC 622 662
    RBC BEARINGS INCORPORATED 6,057 6,983
    RECKITT BENCKISER GROUP 6,609 7,339
    REDFIN CORP 647 2,402
    REGAL BELOITE CP 5,652 6,263
    REGIONS FINANCIAL CORP 11,836 11,929
    RENT A CTR INC 7,165 10,491
    REPLIGEN CORP 5,643 8,815
    REPUBLIC SVCS INC 5,920 8,282
    RESMED INC 7,563 9,990
    RMR GROUP 631 502
    ROCHE HOLDING LTD ADR 16,432 20,999
    ROCKWELL AUTOMATION INC 23,928 31,602
    ROYAL DUTCH SHELL CL A 11,992 12,826
    RWE AKTIENGESELLSCHAF 5,522 8,318
    S&P GLOBAL INC COM 21,157 33,530
    SALESFORCE.COM 21,402 63,199
    SANDS CHINA LTD UNSP ADR 13,329 12,304
    SANMINA-SCI CORPORATION 8,600 9,663
    SANOFI-AVENTIS SPONSORED ADR 7,961 7,774
    SAP AKTIENGESELL ADS 19,172 21,123
    SCHNEIDER ELEC UNSP/ADR 10,248 19,339
    SCIENCE APPLICATIONS INTERNATI 2,219 2,555
    SEA LTD 7,581 8,161
    SEALED AIR CORP 2,587 2,839
    SELECT MEDICAL 6,186 7,911
    SHIFT4 PAYMENTS INC CL A 1,644 2,564
    SIEMENS AG 12,502 12,994
    SIGNATURE BANK 5,379 6,629
    SIKA AG BEARER SHS 4,431 6,100
    SILK ROAD MEDICAL ORD SHS 1,938 3,149
    SIMPLICITY BANCORP INC 1,332 1,693
    SLEEP NUMBER 3,042 6,221
    SLM CORP 1,769 2,466
    SMARTSHEET INC 1,043 2,425
    SMC CORPORATION 7,985 14,300
    SMITH & NEPHEW PLC ADR 5,813 6,958
    SONY CORP ADR 9,010 16,580
    SOUTHWEST GAS CP 5,205 4,739
    SP PLUS CORPORATION 880 721
    STAG INDUSTRIAL INC 3,105 3,477
    STANLEY BLACK & DECKER INC 13,546 17,142
    STARBUCKS CORP COM 48,776 62,369
    STEELECASE INC 2,012 2,304
    STEPAN CO 1,114 1,193
    STERIS PLC 7,729 11,183
    STEWART INFORMATION SVCS CORP 3,042 3,482
    SUNSTONE HOTEL INVESTORS, INC 988 1,348
    SUPERNUS PHARMACEUTICALS INC 4,021 4,378
    SURGERY PARTNERS INC COM 2,363 4,468
    SVB FINANCIAL GROUP 13,239 14,350
    SVENSKA HANDELSBK UNS ADR 7,302 7,162
    SYNEOS HEALTH INC 5,399 7,290
    SYNNEX CORP 5,148 6,760
    SYNOPSYS, INC 4,704 13,740
    T. ROWE PRICE GROUP 13,333 21,043
    TAIWAN SEMICONDUCTOR MFG CO LT 13,917 36,528
    TAKE-TWO INTERACTIVE SOFTWARE 5,397 9,974
    TAKEDA PHARMACEUTICAL COMPANY 9,365 8,791
    TARGET CORPORATION 11,670 27,362
    TECHTRONIC INDS SPD ADR 5,463 8,706
    TEMENOS GROUP AG 9,513 9,064
    TENCENT HOLDINGS LIMITED 10,937 17,613
    TENNANT CO 3,575 3,298
    TEXAS INSTRUMENTS INC 14,656 44,972
    THE AARON'S COMPANY, INC 1,023 1,337
    THE HAIN CELESTIAL GROUP, INC 1,910 2,690
    THE HERSHEY COMPANY 8,230 11,272
    THERMO FISHER SCIENTIFIC INC 15,384 24,221
    TJX COMPANIES INC 31,260 56,886
    TOPBUILD CORP 1,003 1,841
    TOWNEBANK 715 657
    TRACTOR SUPPLY CO COM 9,491 10,122
    TRANE TECHNOLOGIES PLC 10,796 23,080
    TRANSDIGM GRP INC 2,794 5,570
    TRANSUNION COM USD0.01 5,722 7,045
    TREX CO INC 10,542 21,851
    TRISTATE CAPITAL HOLDINGS 1,510 1,479
    TRUPANION INC 1,364 6,943
    TYLER TECHNOLOGIES, INC 4,613 9,603
    U G I CP 5,316 3,846
    UCB UNSP ADR 8,493 7,311
    ULTRAGENYX PHARMACEUTICAL INC 1,981 3,599
    UNDER ARMOUR INC CL A 5,106 5,563
    UNDISCOVERED MANAGERS BEHAVIOR 708,499 966,420
    UNITED THERAPEUTICS CORP 1,651 1,670
    UNIVERSAL HLTH SVC B 6,093 7,700
    US ECOLOGY INC 4,142 1,998
    US FOODS HOLDING CORPORATION 4,806 5,030
    VALERO ENERGY CORP 24,025 14,312
    VALVOLINE INC 2,024 2,754
    VARONIS SYSTEMS INC 1,966 6,872
    VEEVA SYSTEMS INC 4,307 10,890
    VERISIGN INC 5,733 6,708
    VERISK ANALYTICS, INC 4,342 9,549
    VERIZON COMMUNICATIONS 49,976 53,639
    VERTEX PHARMCTLS INC 18,112 16,071
    VESTAS WIND SYS UNSP/ADR 5,756 16,272
    VIAVI SOLUTIONS INC 1,955 2,577
    VISA INC 44,215 64,307
    VISHAY PRECISION GROUP INC 616 630
    VOCERA COMMUNICATIONS, INC. 2,945 3,405
    VROOM ORD SHS 1,283 1,024
    WALT DISNEY HOLDINGS CO 41,543 73,016
    WASHINGTON FED INC 4,884 4,530
    WASTE MANAGEMENT INC 44,338 44,106
    WESCO INTL INC 3,681 5,888
    WEST PHARMA SVCS INC 9,903 10,199
    WESTERN ALLIANCE BANCORPORATIO 4,502 4,556
    WHITEBREAD PLC AMERICAN 8,274 7,026
    WIX COM LTD 2,926 6,249
    WYNDHAM DESTINATIONS INC 5,742 6,684
    XPO LOGISTICS INC 5,181 5,483
    XYLEM INC 13,780 18,933
    YEXT INC 3,294 2,610
    YUM CHINA HOLDINGS INC 7,460 7,650
    ZIMMER BIOMET HOLDINGS 5,410 6,934
    ZOETIS INC 16,824 31,114
    ZURICH INS GROU ADR 7,571 8,360

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    Clark R Smith Family Foundation
    EIN:
    22-2757313
    US Government Securities - End of Year Book Value:

    100,750
    US Government Securities - End of Year Fair Market Value:

    103,467
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2020 InvestmentsOtherSchedule2
    Name:
    Clark R Smith Family Foundation
    EIN:
    22-2757313
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LEVERAGE MEDIA I LP      
    MENASHA CORP COM   3,715,326 14,824,558

    TY 2020 OtherExpensesSchedule
    Name:
    Clark R Smith Family Foundation
    EIN:
    22-2757313
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 35,500     35,500
    Bank Charges 67 67    


    TY 2020 OtherIncomeSchedule2
    Name:
    Clark R Smith Family Foundation
    EIN:
    22-2757313
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Federal Tax Refund 3,652    
    Foreign Tax Refund 196 196  


    TY 2020 OtherIncreasesSchedule
    Name:
    Clark R Smith Family Foundation
    EIN:
    22-2757313
    Description Amount
    RETURNED GRANT 81


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Clark R Smith Family Foundation
    EIN:
    22-2757313
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Appraisal Services 19,000 19,000    
    Investment Management Services 106,887 106,887    


    TY 2020 TaxesSchedule
    Name:
    Clark R Smith Family Foundation
    EIN:
    22-2757313
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2020 4,800