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
The Smang 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

26-1458985
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$7,015,335J 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) 1,005,077
2 Check bullet.............
3 Interest on savings and temporary cash investments 465 465  
4 Dividends and interest from securities... 164,564 164,564  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -150,174
b Gross sales price for all assets on line 6a 3,573,299
7 Capital gain net income (from Part IV, line 2)... 854,903
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 313 313  
12 Total. Add lines 1 through 11........ 1,020,245 1,020,245  
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 35,020 35,020    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,947 3,647    
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 22,287 2,262   20,025
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 63,254 40,929   20,025
25 Contributions, gifts, grants paid....... 1,275,000 1,275,000
26 Total expenses and disbursements. Add lines 24 and 25 1,338,254 40,929   1,295,025
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -318,009
b Net investment income (if negative, enter -0-) 979,316
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......... 77,202 179,961 179,961
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) 783,864 Click to see attachment886,507 939,816
b Investments—corporate stock (attach schedule)....... 3,938,527 Click to see attachment3,190,330 4,747,069
c Investments—corporate bonds (attach schedule)....... 555,753 Click to see attachment763,556 829,859
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 278,757 Click to see attachment295,740 318,630
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) 5,634,103 5,316,094 7,015,335
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 5,634,103 5,316,094
29 Total net assets or fund balances (see instructions)..... 5,634,103 5,316,094
30 Total liabilities and net assets/fund balances (see instructions). 5,634,103 5,316,094
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
5,634,103
2
Enter amount from Part I, line 27a .....................
2
-318,009
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
5,316,094
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
5,316,094
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 3,573,299   2,718,396 854,903
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       854,903
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 2 854,903
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 13,612
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 13,612
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 13,612
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 5,289
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 8,620
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 13,909
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 10 297
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet297 RefundedBullet 11  
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)
    bulletDE
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care 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
    Benjamin Smith Pres, Dir, Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Diane Tang Dir, VP
    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
     
    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
    5,974,671
    b
    Average of monthly cash balances.......................
    1b
    195,297
    c
    Fair market value of all other assets (see instructions)................
    1c
    309,433
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,479,401
    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
    6,479,401
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    97,191
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,382,210
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    319,111
    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
    319,111
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    13,612
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    13,612
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    305,499
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    305,499
    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
    305,499
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,295,025
    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
    1,295,025
    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
    1,295,025
    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 7 305,499
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 143,491
    b From 2016...... 310,073
    c From 2017...... 256,151
    d From 2018...... 243,222
    e From 2019...... 6,440
    fTotal of lines 3a through e........ 959,377
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,295,025
    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..... 305,499
    e Remaining amount distributed out of corpus 989,526
    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 1,948,903
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		143,491
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		1,805,412
    10 Analysis of line 9:
    a Excess from 2016.... 310,073
    b Excess from 2017.... 256,151
    c Excess from 2018.... 243,222
    d Excess from 2019.... 6,440
    e Excess from 2020.... 989,526
    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).)
    Benjamin Smith
    Diane Tang
    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
    CENTER FOR EXCELLENCE IN EDUCATION
    8201 GREENSBORO DR STE 215
    MCLEAN,VA22102     		N/A PC General & Unrestricted 1,000,000
    PRESIDENT AND FELLOWS OF HARVARD COLLEGE
    1033 MASSACHUSETTS AVE STE 3
    CAMBRIDGE,MA02138     		N/A PC 25th Reunion Fund 25,000
    SYNAPSE SCHOOL
    3375 EDISON WAY
    MENLO PARK,CA94025     		N/A PC General & Unrestricted 250,000
    Total .................................bullet 3a 1,275,000
    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 ...........     		    14 465  
    4 Dividends and interest from securities....     14 164,564  
    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 -150,174  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aCLASS ACTION LAWSUIT PROCEEDS     		    01 313  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   15,168  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    15,168
    (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
    The Smang Family Foundation
     
    Employer identification number

    26-1458985
    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
    The Smang Family Foundation
          		Employer identification number
    26-1458985
    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
    Tang Diane
    2133 Webster St
     
    Palo Alto, CA94301

    		$ 1,005,077


    (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
    The Smang Family Foundation
          		Employer identification number

    26-1458985
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 SALESFORCE.COM CRM, 2725 sh. $ 504,970 2020-06-18
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 SALESFORCE.COM CRM, 2580 sh. $ 500,107 2020-07-02
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    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
    The Smang Family Foundation
          		Employer identification number

    26-1458985
    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:  

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

    TY 2020 DepreciationSchedule
    Name:
    The Smang Family Foundation
    EIN:
    26-1458985
    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:
    The Smang Family Foundation
    EIN:
    26-1458985
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBVIE INC - 4.250% - 11/14/20 36,753 38,318
    ANHEUSER BUSCH COS INC - 4.900 14,783 19,275
    APPLE INC - 3.000% - 02/09/202 35,681 37,652
    AT&T - 4.250% - 03/01/2027 34,473 38,573
    BERKSHIRE HATHAWAY INC - 0.000 18,762 18,903
    BP GROUP PLC - 3.279% - 09/19/ 17,264 19,088
    CITIGROUP INC BND - 3.300% - 0 36,269 38,814
    COMCAST CORP NOTE - 3.550% - 0 32,421 38,030
    CVS CAREMARK CORP NOTE - 4.300 33,857 39,268
    DISNEY WALT CO - 2.350% - 12/0 18,616 18,691
    ENTERPRISE PROD - 3.750% - 02/ 17,489 19,034
    FISERV INC - 3.200% - 07/01/20 37,905 38,086
    GOLDMAN SACHS GROUP INC NOTE - 35,182 38,622
    HOME DEPOT INC - 2.950% - 06/1 34,868 37,511
    JPMORGAN CHASE & CO - 3.875% - 35,531 37,341
    MARSH & MCLENNAN COS - 3.875% 35,561 37,482
    MICROSOFT CORP - 3.750% - 02/1 23,222 29,563
    MORGAN STANLEY FR - 3.700% - 1 35,989 37,835
    ORACLE CORP - 2.950% - 05/15/2 17,728 18,670
    SHELL - 4.000% - 05/10/2046 18,901 20,151
    SHIRE ACQUISITIONS INVESTMENTS 18,246 18,235
    SOUTHERN CO - 3.250% - 07/01/2 16,766 19,070
    TD BANK - 0.750% - 09/11/2025 37,965 38,142
    VERIZON COMMUNICATIONS - 3.376 33,576 37,762
    VISA INC - 4.300% - 12/14/2045 15,040 19,176
    WAL-MART STORES INC - 3.700% - 33,137 37,610
    WELLS FARGO &CO - 2.188% - 04/ 37,571 38,957

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Smang Family Foundation
    EIN:
    26-1458985
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 2,173 2,797
    A P MOLLAR MAERSK A 2,376 4,055
    ABB LTD 2,252 3,411
    ABBOTT LABS 5,323 14,124
    ABBVIE INC 7,252 12,429
    ABM INDS INC 3,088 3,254
    ACCENTURE PLC 5,541 12,799
    ACTIVISION BLIZZARD INC 652 1,021
    ADECCO S.A. UNSP/ADR 1,691 2,362
    ADIDAS AG 2,334 3,843
    ADOBE SYSTEMS, INC 3,307 16,504
    ADVANCED MICRO DEVICES INC 1,347 2,018
    ADYEN N.V. 2,371 2,459
    AEGON N V ORD AMER REG 584 885
    AERCAP HOLDING N.V 579 1,140
    AFLAC INC 481 667
    AFTERPAY LTD 678 921
    AGEAS SPONS ADR 2,412 3,684
    AGIOS PHARMACEUTICALS INC 2,110 2,426
    AIA GROUP LTD ADR 5,460 10,514
    AIR PRODS & CHEM INC 4,117 5,738
    AIRBUS GROUP 3,200 5,819
    AKZO NOBEL NV-ADR 1,154 1,298
    ALASKA AIR GROUP INC 436 884
    ALCON INC 1,411 2,045
    ALFA LAVAL AB 722 1,112
    ALLEGIANT TRAVEL CO 1,268 1,325
    ALLIANZ SE 7,223 11,758
    ALLSTATE CORP 3,324 5,277
    ALPHABET INC CL A 3,352 5,258
    ALPHABET INC CL C 20,166 45,549
    ALTRIA GROUP INC 3,147 3,198
    AMADEUS IT HLDS SA 2,517 3,532
    AMAZON COM 15,830 68,395
    AMCOR LTD ORD SHS 565 765
    AMER EQ INV LIFE HLD 1,804 1,936
    AMERESCO INC CL A 1,574 2,612
    AMERICAN ASSETS TRUST INC 2,714 1,675
    AMERICAN EAGLES OUTFITTERS INC 3,443 4,255
    AMERICAN EXPRESS CO 1,014 1,693
    AMERICAN TOWER REIT INC 2,965 5,836
    AMERIPRISE FINANCIAL INC 2,915 5,830
    AMERISOURCEBERGEN CORP 526 684
    AMGEN INC 3,879 5,748
    AMICUS THERAPEUTICS INC 2,765 3,671
    AMPHENOL CORPORATION 736 1,569
    ANALOG DEVICES INC 526 886
    ANGLO AM PLC ADR 1,930 4,234
    ANHEUSER BUSCH COS INC 2,785 3,915
    ANTHEM INC 2,917 7,706
    AON PLC CL A 3,369 6,549
    APARTMENT INCOME REIT CORP 495 499
    APARTMENT INV AND MGMT COMPANY 312 69
    APPLE INC 21,298 103,497
    APPLIED IDNS TECH 2,603 3,510
    APPLIED MATERIALS INC 683 1,122
    APTIV PLC 2,288 5,472
    ARCHER DANIELS MDLND 554 807
    ARCONIC CORP 77 149
    ARMADA HOFFLER PROPERTIES INC 2,049 1,436
    ASAHI KAISAI CP ADR 1,375 1,650
    ASGN INC 2,381 4,009
    ASHTEAD GROUP PLC 2,990 6,822
    ASML HOLDING NV NY REG SHS 4,022 18,533
    ASSA ABLOY UNSP/ADR 1,909 2,325
    ASTELLAS PHARMA INC 2,754 3,103
    ASTRAZENECA 6,148 9,798
    AT&T, INC 5,633 5,062
    ATLANTIA SPA ADR 2,117 2,180
    ATLANTIC TELE-NETWORK, INC 2,106 1,420
    ATLAS COPCO AB A SHS ADR 1,464 3,218
    ATLAS COPCO AB B SHS ADR 464 720
    ATOS SE UNSPONS ADR 512 617
    ATRICURE, INC. 1,351 1,336
    AUSTRALIA & N Z ADS 2,578 4,393
    AUTODESK, INC 1,910 9,160
    AUTOMATIC DATA PROCESSING INC 4,041 7,929
    AUTOZONE INC 2,049 4,742
    AVALONBAY CMNTYS INC 408 481
    AVERY DENNISON CORP 550 931
    AXA ADS 2,408 3,353
    BAE SYSTEMS PLC 3,265 3,665
    BAKER HUGHES COMPANY 638 1,230
    BALCHEM CORP 2,457 3,457
    BANCO BILBAO ARG SA 840 865
    BANDWIDTH INC 830 1,690
    BARCLAYS PLC ADR 3,534 5,265
    BARNES GROUP INC 2,367 1,977
    BASF AG SPONS ADR 1,764 2,617
    BAXTER INTERNATIONAL INC 590 722
    BAYER A G SPONSORED ADR 3,519 3,725
    BAZAARVOICE INC 1,941 1,935
    BECTON DICKINSON & CO 2,021 2,502
    BEIGENE LTD 478 775
    BERKSHIRE HATHAWAY INC. CLASS 15,760 24,578
    BEST BUY INC 1,794 4,790
    BHP BILLITON LIMITED 5,515 10,716
    BHP BILLITON SP ADR 2,679 5,144
    BIOGEN INC 2,890 3,183
    BJ'S WHLSL CLUB INC 2,651 3,281
    BLACK HILLS CORP 3,120 2,335
    BLACKBAUD INC 708 518
    BLACKLINE INC 1,138 1,734
    BLACKROCK HIGH YIELD BOND PORT 517,635 525,694
    BLACKROCK INC 373 722
    BLUEPRINT MEDICINES CORPORATIO 3,161 4,262
    BNP PARIBAS SPONS ADR 2,735 4,630
    BOEING CO 3,141 4,281
    BOISE CASCADE COMPANY 3,220 5,832
    BORG WARNER INC 455 773
    BOSTON PPTYS INC 856 945
    BOSTON SCIENTIFIC 1,620 2,481
    BOX INC 669 866
    BP PLC SPONSORED ADR 910 903
    BRIDGESTONE CORP UNSP ADR 2,696 2,362
    BRINKER INTL INC 1,482 1,527
    BRISTOL-MYERS SQUIBB CO 2,851 2,853
    BRITISH AMERICAN TOBACCO PLC 8,212 9,672
    BRITISH LAND CO S/ADR 3,254 4,369
    BROADCOM INC 4,764 12,260
    BROADRIDGE FINANCIAL 468 766
    BROOKS AUTOMATION, INC 1,245 4,410
    BROWN FORMAN CORP CL B 570 953
    BRYN MAWR BANK CORP 1,367 1,255
    BUNZL PLC SPONSORED ADR 488 748
    BURBERRY GROUP PLC 2,902 4,151
    C H ROBINSON WORLDWIDE INC 577 751
    CABOT OIL & GAS CORP 462 472
    CAMPBELL SOUP CO 2,741 3,723
    CANON INC 909 951
    CAP GEMINI SA UNSP/ADR 511 832
    CARDINAL HEALTH INC 559 643
    CARNIVAL CORP 379 996
    CASELLA WASTE SYSTEMS INC 884 3,036
    CATERPILLAR INC 4,028 8,737
    CELANESE CORPORATION 492 910
    CENTERPOINT ENERGY 451 692
    CENTRAL JAPAN RY CO ADR 932 1,004
    CENTURY LINK INC D/B/A LUMEN T 3,210 3,159
    CERNER CORPORATION 2,616 4,002
    CF INDUSTRIES HOLDINGS, INC 1,633 2,748
    CHARLES SCHWAB CORP 3,593 6,259
    CHARTER COMMUNICATIONS, INC 2,419 5,954
    CHECK POINT SOFTWARE TECHNOLOG 2,008 3,190
    CHEMOCENTRYX INC 2,474 3,158
    CHEVRON CORP 1,245 1,436
    CHILDREN'S PLACE 1,189 1,202
    CHIPOTLE MEX GRILL 1,622 6,934
    CHUGAI PHARMACEUTICAL CO., LTD 1,191 1,410
    CHURCH & DWIGHT 1,453 2,879
    CHUYS HOLDINGS INC 1,146 1,404
    CINEMARK HOLDINGS INC 1,252 1,393
    CISCO SYSTEMS INC 8,156 11,859
    CITIGROUP INC 3,019 3,946
    CITY HOLDING COMPANY 1,577 2,087
    CLOROX CO 534 606
    CME GROUP, INC 3,919 6,736
    CMS ENERGY CP 3,197 4,942
    COCA COLA EUROPEAN PARTNERS PL 2,586 3,787
    COCA COLA HBC AG 638 812
    COCA-COLA AMATIL LTD ADR 2,821 4,910
    COEUR D ALENE CP 1,220 2,556
    COLGATE-PALMOLIVE COMPANY 886 1,197
    COLOPLAST AS ADR 2,156 5,285
    COLUMBUS MCKINNON CORPORATION 1,922 3,652
    COMCAST CORP 4,511 7,022
    COMERICA INC 1,157 2,290
    COMMERZBANK AG-SPONS ADR 1,984 3,477
    COMMONWEALTH BK AUS-SP ADR 4,638 5,836
    COMPAGNIE FINANCIERE RICHEMONT 1,442 1,987
    COMPASS GROUP PLC ADR 2,576 3,259
    CONAGRA FOODS INC 540 870
    CONCHO RESOURCES INC 1,057 1,284
    CONMED CORPORATION 1,519 4,256
    CONOCOPHILLIPS 673 800
    CONSOLIDATED EDISON INC 925 940
    CONSTELLATION BRANDS INC 1,167 1,314
    CONTL AG SPONS ADR 1,306 2,304
    COSTCO WHOLESALE CORPORATION 5,503 12,434
    COUSINS PROPERTIES INC 1,286 1,240
    CREDIT AGRICOLE SA 2,151 3,694
    CREDIT SUISSE GROUP ADR 495 704
    CRH PLC - AMERICAN DEPOSITARY 723 809
    CROWN CASTLE INTL 2,523 4,298
    CRYOLIFE, INC. 1,868 2,573
    CSL LTD 3,687 10,685
    CSX CORP 2,607 8,258
    CUMMINS INC 553 908
    CVS CAREMARK CORP 2,209 2,595
    CYBERARK SOFTWARE LTD 442 808
    DAI NIPPON PRINTING LTD JAPANS 2,704 2,452
    DAIICHI SANKYO CO LTD SPONSORE 1,972 9,457
    DAIKIN INDS LTD ADR 2,392 5,806
    DAIMLER AG ADR 508 1,034
    DAITO TRUST CONST SPON ADR 2,905 2,982
    DAIWA HOUSE IND LTD 4,070 4,449
    DAIWA SECURITIES GROUP 2,460 2,552
    DANA HOLDING CP 2,072 2,869
    DANAHER CORP 3,859 10,663
    DANSKE BANK A S SPON 597 739
    DASSAULT SYS SA SPN ADR 1,045 1,833
    DBS GROUP HLDGS SPON ADR 3,490 5,704
    DEERE CO 2,787 8,610
    DELTA AIR LINES INC 1,076 1,327
    DENSO CORP ADR 727 1,106
    DENTSPLY SIRONA INC 520 733
    DEUTSCHE BANK AG 910 1,112
    DEUTSCHE BOERSE ADR 3,701 5,695
    DEUTSCHE LUFTHANSA S OTC 726 853
    DEUTSCHE POST AG 3,723 6,728
    DEUTSCHE TELE AG ADS 1,658 2,046
    DEUTSCHE WOHNEN SE UNSPON ADR 3,478 4,851
    DIAGEO PLC ADS 6,481 8,576
    DICK'S SPORTING GDS 1,793 1,967
    DIGITAL RLTY TR INC 2,599 4,046
    DISCOVER FINL SVCS COM 1,126 3,259
    DISH NETWORK CORPORATION 3,132 4,269
    DNB NOR ASA SPONSOR ADR 1,731 2,942
    DOLLAR GENERAL CORP 2,553 7,781
    DOMINION ENERGY INC 5,247 6,091
    DOW INC 568 944
    DSV UNSP ADR EACH REPR 0.5 ORD 1,986 7,142
    DTE ENERGY CO COM 451 607
    DU PONT DE NEMOURS 2,391 5,049
    DUKE ENERGY CO 2,043 2,197
    DUKE REALTY CORPORATION 456 600
    DXC TECHNOLOGY COMPANY 583 1,159
    EAST JAPAN RAILWAY C 1,171 1,245
    EASTGROUP PROPERTIES INC 2,253 4,004
    EATON CORP PLC 530 841
    EBAY INC 838 804
    ECOLAB INC 3,936 7,140
    EDENRED SA 780 1,065
    EDF UNSP ADR 761 1,045
    EDISON INTL 536 628
    EDWARDS LIFESCIENCES 1,172 3,284
    EISAI LTD 1,805 2,290
    ELECTRONIC ARTS 505 718
    ELI LILLY & CO 2,285 3,714
    EMERSON ELECTRIC CO 478 723
    ENEL SOCIETA PER AZI 2,247 4,344
    ENGIE 2,417 3,091
    ENI S.P.A 2,636 2,987
    ENTERGY CORP 3,202 4,692
    ENTERPRISE FINANCIAL SERVICES 506 559
    EOG RESOURCES INC 889 1,147
    EPIROC AB 470 873
    EQUIFAX INC 444 771
    EQUINOR ASA 2,365 2,808
    EQUITY RESIDENTIAL PPTYS TR 446 474
    ERICSSON L M TEL CO 2,070 3,442
    ESCO TECH INC 1,289 2,993
    ESSENT GROUP LTD 3,205 4,018
    ESSEX PRTY TR INC 2,080 2,374
    ESSILOR INTL ADR 2,075 2,255
    ESTEE LAUDER COMPANIES INC 2,349 7,187
    EVERSOURCE ENERGYINC 3,356 5,623
    EVOLUTION GAMING GROUP AB ADR 1,594 2,526
    EXLSERVICE HOLDINGS INC 3,165 5,023
    EXPEDITORS INTL WASH INC 638 666
    EXPERIAN GROUP LTD S/ADR 1,499 1,936
    EXXON MOBIL CORP 1,247 1,154
    F M C CP 552 805
    FACEBOOK INC 14,968 27,043
    FANUC LIMITED UNSPONSORED 3,911 5,901
    FAST RETAILING CO LT 3,116 5,841
    FEDERAL SIGNAL CORP 2,453 3,914
    FEDEX CORPORATION 577 1,298
    FERGUSON PLC SPON ADR 2,464 5,014
    FERRARI NV 1,542 6,886
    FERRO CORP 1,439 2,121
    FERROVIAL SA 3,017 4,304
    FIAT CHRYSLER AUTOMOBILES 1,138 2,316
    FIDELITY NATIONAL INFORMATION 856 1,132
    FIFTH THIRD BANCORP 581 910
    FIRST BANCORP 2,010 2,436
    FIRST FINANCIAL BANCORP 3,806 2,454
    FIRST FOUNDATION ORD SHS 491 640
    FIRST INTERSTATE BANCSYSTEM IN 2,895 2,935
    FIRST REPUBLIC BANK 506 882
    FISERV INC 532 683
    FLEETCOR TECHNOLGIES INC 561 818
    FLOWSERVE CP 582 774
    FLUTTER ENTMT PLC ADR 1,604 3,963
    FORD MOTOR COMPANY 1,356 2,707
    FORTESCUE METALS G ADR EA REPR 1,371 8,469
    FORTIVE CORPORATION 2,219 3,541
    FORTUNE BRANDS HOME & SECURITY 425 943
    FRANKLIN RES INC 2,681 3,773
    FUCHS PETROLUB SE 2,469 3,950
    FUJIFILM HOLDINGS ADR NPV 2,126 3,055
    FUJITSU LTD ADR OTC 1,797 4,635
    GALAPAGOS NV 582 594
    GARTNER INC 469 801
    GAS NATURAL ADR 1,679 2,222
    GEBERIT AG ADR 439 623
    GENERAL ELECTRIC CO 1,299 2,290
    GENERAL MILLS INC 853 1,235
    GENMARK DIAGNOSTICS INC 2,264 2,599
    GIVAUDAN SA UNSP/ADR 3,480 7,468
    GLAXOSMITHKLINE PLC 4,692 4,195
    GLENCORE XSTRATA PLC ADR 574 853
    GLOBAL PAYMENTS INC 401 646
    GLOBE LIFE INC 471 665
    GLU MOBILE INC 884 820
    GOLDMAN SACHS GROUP 1,064 1,846
    GRAINGER W W INC 793 2,042
    GREAT WESTERN BANCORP INC 2,906 1,735
    GRIFOLS SA REP 1/2 CL B 790 848
    GROUPE DANONE ADS 2,253 2,135
    HALLIBURTON COMPANY 584 1,096
    HALOZYME THERAPEUTICS, INC 2,948 4,527
    HAMILTON LANE INC 1,509 2,888
    HANESBRANDS INC 550 831
    HANG LUNG PROPERTIES-SP ADR 2,700 3,595
    HANNOVER RUCKVISCG SP/ADR 3,013 3,578
    HARLEY DAVIDSON INC 588 1,028
    HASBRO INC 619 748
    HCA INC 2,431 5,263
    HEALTHPEAK PROPERTIES INC 2,265 2,963
    HEIDELBERGCEMENT AG UNSPONSORE 533 761
    HEINEKEN HLDG N V 2,678 3,570
    HELEN OF TROY LIMITED 1,939 2,222
    HENDERSON LAND DEV COMP LTD AD 2,410 2,280
    HENKEL KGAA ADR 1,424 1,934
    HENKEL KGAA PFD SHS ADR 469 670
    HERMES INTL 10 ADR 2,631 7,028
    HESS CORP 2,080 3,009
    HEXAGON 1,310 2,629
    HIBBETT SPORTS, INC 345 554
    HITACHI LTD 4,214 6,431
    HOME DEPOT INC 5,959 11,953
    HONDA MOTOR CO LTD 1,306 1,582
    HONEYWELL INTL 6,102 11,699
    HONG KONG & CHINA GAS SPD ADR 2,085 2,388
    HONG KONG EX&CL UNSP/ADR 2,745 6,186
    HOYA CORP SPONS ADR 2,123 7,633
    HSBC HOLDINGS PLC 4,926 4,949
    HUB GROUP, INC 2,355 3,192
    HUMANA INC 509 1,231
    HUNTINGTON BANCSHARES INC 1,161 1,970
    IBERDROLA ADR 4,830 11,500
    II VI INC 2,866 6,381
    ILLINOIS TOOL WORKS 479 816
    ILLUMINA INC COM 488 1,110
    IMPERIAL BRANDS PL 2,815 3,573
    INCYTE CORPORATION 2,033 2,783
    INDEPENDENT BANK CORP 2,581 2,922
    INDEPENDENT BANK GROUP INC 2,164 2,626
    INFINEON TECH ADS 3,007 7,787
    INFORMA PLC SPONSORED ADR 699 958
    ING GROUP N V SPONSORED ADR 3,731 6,438
    INT'L FLAVORS & FRAGRANCES INC 713 762
    INTEL CORP 7,134 9,815
    INTERCEPT PHARM INC 2,360 840
    INTERCONTINENTAL EXCHANGE, INC 608 1,038
    INTERCONTINENTAL HOTELS GROUP 3,255 4,363
    INTERNATIONAL BUSINESS MACHINE 1,119 1,007
    INTESA SANPAOLO SPA 962 1,146
    INTUIT 2,030 6,837
    INTUITIVE SURGICAL 1,579 2,454
    INVESCO PLC 2,785 5,978
    ITOCHU CORP ADR OTC 2,199 5,370
    J & J SNACK FOODS CORP 2,861 3,574
    J SAINSBURY 2,945 3,751
    J2 GLOBAL INC 3,683 4,787
    JACK IN THE BOX INC 3,309 3,526
    JAMES HARDIE IND ADR 2,529 6,140
    JAPAN ARPT TERM CO LTD 2,139 3,691
    JAPAN EXCHANGE GROUP INC 2,198 2,739
    JAPAN TOB INC 2,432 2,721
    JARDINE MATHESON UNS/ADR 595 787
    JOHNSON & JOHNSON 16,662 22,663
    JP MORGAN CHASE 12,110 23,381
    JULIUS BAER GROUP LTD 2,880 4,416
    JUNIPER NETWORKS 506 585
    KADANT INC 2,199 4,229
    KAISER ALUMINUM CORPORATION 3,251 4,055
    KAO CORP 2,532 2,625
    KB HOME 2,304 3,117
    KBC GROUP SA UNSP ADR 1,344 2,093
    KBR INC 1,720 2,629
    KDDI CP UNSP ADR 3,175 3,695
    KEMPER CORP 1,074 1,076
    KERING UNSPON ADR EA REPR 0.1 1,512 4,202
    KERRY GROUP PLC 628 898
    KEYCORP 1,167 1,756
    KIMBERLY CLARK CORP 575 674
    KIMCO RLTY CORP 2,858 4,203
    KINDER MORGAN INC 3,222 3,212
    KINGFISHER PLC 2,051 3,138
    KIRIN BREWERY LTD 2,407 3,451
    KITE RLTY GROUP TRUST 2,684 2,498
    KLA TENCOR CORP 552 1,553
    KOMATSU LTD 970 1,218
    KONE OYJ ADR B SHS 3,327 5,690
    KONINKLIJKE AHOLD DELHAIZE NV 3,315 4,601
    KONINKLIJKE PHILIPS ELECTRONIC 2,501 4,767
    KOSE CORPORATION UNSP ADR 1,060 1,590
    KRAFT HEINZ CO 3,273 4,159
    KROGER CO 1,895 2,700
    KUBOTA CORPORATION 2,005 3,090
    KUENE & NAGEL INTL AG ADR 1,423 1,592
    KYOCERA CORP ADR 3,688 4,624
    L BRANDS, INC 535 1,971
    L'AIR LIQUIDE ADR OTC 5,294 10,064
    L'OREAL ADR 3,431 6,549
    LA Z BOY INC 1,289 1,434
    LABORATORY CORP AMER HLDGS 1,015 1,628
    LAKELAND FINANCIAL CORPORATION 304 375
    LAM RESEARCH CORP 841 4,250
    LAS VEGAS SANDS CORP 830 1,132
    LEGAL & GENERAL GROUP 682 829
    LEGRAND INC 443 622
    LENNAR CORP 378 686
    LEXINGTON REALTY TRUST 2,160 2,166
    LIGAND PHARMACEUTICALS INC 4,398 3,779
    LINCOLN NATIONAL CORP 1,928 4,025
    LINDE PLC COM 1,921 2,635
    LINE CORPORATION 2,365 4,234
    LOCKHEED MARTIN CORP 5,132 7,810
    LOGITECH INTERNATIONAL 1,381 2,333
    LONDON STK EXCHANGE GROUP 1,962 4,752
    LONZA GROUP AG UNSP/ADR 1,718 3,909
    LOWES COMPANIES INC 1,054 1,766
    LVMH MOET HENN UNSP 3,776 13,221
    LYONDELLBASELL INDUSTRIES NV 602 1,008
    M&T BANK CORP 492 637
    MA COM TECHNOLOGY SOLUTIONS HO 366 1,321
    MACQUARIE GROUP LTD ADR 3,170 5,575
    MACY'S INC 527 1,260
    MADDEN STEVEN LTD 4,319 6,181
    MAKITA CORP 695 1,208
    MALIBU BOATS INC 998 3,996
    MARATHON OIL CORP COM 2,188 4,109
    MARATHON PETROLEUM CORP 674 869
    MARRIOTT INTERNATIONAL INC. CL 729 923
    MARSH AND MCLENNAN COMPANIES I 4,091 7,137
    MARTIN MARIETTA MATLS INC 649 852
    MARUBENI CORP ADR CNV INTO 10 1,806 2,405
    MARUI CO LTD ADR OTC 1,810 2,151
    MASCO CORP 571 1,044
    MASTEC INC 2,809 3,886
    MASTERCARD INC 5,324 19,989
    MAXLINEAR INC 2,324 4,659
    MAZDA MOTOR CORP 2,833 3,313
    MCCORMICK & CO 1,160 2,294
    MCDONALD'S CORP 6,333 11,802
    MCKESSON CORP 590 870
    MEDIOBANCA SPA 1,220 1,940
    MEDTRONIC PLC 4,270 6,560
    MELCO RESORTS AND ENTERTAINMEN 1,291 1,484
    MERCK & CO INC 8,502 12,352
    MERCK KGAA SPON ADR EACH REPR 2,714 4,674
    MERIT MEDICAL SYSTEMS, INC. 2,436 4,274
    MICROCHIP TECHNOLOGY INC 2,696 6,215
    MICRON TECHNOLOGY 1,006 4,661
    MICROSOFT CORP 21,368 82,517
    MID-AMERICA APT COMMUNITIES IN 609 887
    MIMECAST LTD 1,484 2,330
    MINERAL TECH INC 3,629 4,224
    MITSUBISHI ESTATE CO ADR 4,828 4,800
    MITSUBISHI UFJ FINANCIAL GROUP 5,325 5,710
    MITSUI & COMPANY, LTD. - ADR 3,917 5,163
    MIZUHO FINANCIAL GRO 4,933 5,276
    MONDELEZ INTERNATIONAL INC 715 877
    MONSTER BEVERAGE CORP 1,951 4,162
    MORGAN STANLEY 4,220 9,457
    MORRISON W SUPRMKT PLC 629 658
    MOWI ASA SPONSORED ADR 1,128 1,305
    MS&AD INS GROUP ADR 2,078 2,235
    MTU AERO ENGINES 1,095 2,082
    MUENCHENER RUECKVERS 4,849 6,655
    MURATA MFG INC UNSP/ADR 2,056 4,532
    MYR GROUP INC DEL COM 2,871 5,589
    NASDAQ OMX GROUP 471 796
    NATERA INC 1,375 8,658
    NATIONAL AUSTRALIA BK LTD 2,661 3,667
    NATIONAL GRID TRANSCO PLC 2,548 2,715
    NATIONAL STORAGE AFFILIATES TR 1,278 1,441
    NATWEST GROUP ADR REPRESENTING 3,046 4,791
    NEENAH PAPER INC 3,753 2,987
    NESTE OYJ 2,486 5,734
    NESTLE S.A 18,194 27,447
    NETFLIX INC 2,046 11,355
    NETGEAR INC 1,742 2,153
    NEWCREST MINING LTD-SPON ADR 2,773 3,638
    NEWMONT GOLDCORP CORPORATION 1,280 1,916
    NEXSTAR MEDIA GROUP, INC 1,333 1,747
    NEXTERA ENERGY, INC 1,973 3,703
    NICE SYSTEMS LTD 1,488 6,238
    NIDEC CORPORATION ADR 1,537 4,248
    NIKE INC-CL B 1,771 4,103
    NIKON CORP ADR 1,615 1,440
    NINTENDO CO LTD ADR UNSPON 4,068 6,683
    NIPPON TELEGRAPH & TELEPHONE C 4,601 5,757
    NISSAN MOTOR LTD ASR 3,263 4,899
    NITTO DENKO ADR 1,131 2,149
    NMI HOLDINGS, INC 1,715 2,310
    NN GROUP N.V. 1,328 1,984
    NOMURA HOLDINGS ADR 2,922 4,616
    NORDEA BANK ABP 2,616 2,832
    NORFOLK SOUTHERN CORP 2,567 6,653
    NORTHROP GRUMMAN CORP 4,133 5,790
    NORTHWESTERN CORP 4,295 4,257
    NORWEGIAN CRUISE LINE HOLDINGS 465 1,322
    NOVARTIS AG ADR 10,870 16,053
    NOVO NORDISK A S 5,935 11,735
    NRG ENERGY 283 939
    NUVASIVE, INC 3,444 3,661
    NVIDIA CORP 2,367 19,844
    O'REILLY AUTOMOTIVE INC 1,764 4,073
    OCCIDENTAL PETROLEUM CORP 674 1,142
    OLD NATIONAL BANCORP 3,283 3,329
    OLYMPUS CORP S/ADR 1,744 1,981
    OMNICELL, INC 2,207 2,880
    OMRON CORP S/ADR 1,632 4,206
    OMV AG BEARER SH SPO 1,965 2,971
    ONEOK INC 681 960
    ONO PHARMACEUTICAL ADR 725 1,148
    ORACLE CORP 3,817 6,210
    ORANGE 1,045 1,139
    ORIX CORP ADS 1,155 1,237
    OTSUKA HOLDINGS CO 822 879
    PACCAR INC 573 777
    PACIFIC PREMIER BANCORP INC 2,063 2,694
    PACKAGING CORP AMER 684 1,103
    PAN PAC INTL HLDGS UNSPONSORED 2,068 5,164
    PANASONIC CORP 1,460 1,698
    PARKER HANNIFIN CP 373 817
    PATTERSON-UTI ENERGY INC 1,436 647
    PAYPAL HOLDINGS, INC 3,041 18,736
    PDC ENERGY INC 1,635 2,032
    PEARSON PLC 1,421 2,038
    PEBBLEBROOK HOTEL TR COM 2,667 1,673
    PENTAIR INC. COM 550 849
    PEOPLE'S UNITED FINANCIAL, INC 855 1,060
    PEPSICO INC 5,941 8,305
    PERKIN ELMER INC 2,345 6,458
    PERNOD-RECARD SA 2,498 4,295
    PERRIGO CO PLC 748 671
    PERSIMMON PLC ADR 837 1,377
    PEUGEOT 2,792 5,853
    PFIZER INC 6,011 6,957
    PHILIP MORRIS INTL 4,810 5,133
    PHILLIPS 66 1,929 2,308
    PHYSICIANS REALTY TRUST 3,445 3,524
    PLANTRONICS INC 476 460
    PNC FINANCIAL GROUP INC 4,015 7,003
    PRESTIGE BRAND HLGS 2,982 3,243
    PRIMERICA, INC 502 1,205
    PRINCIPAL FINANCIAL GROUP 582 794
    PROCTER GAMBLE CO 9,173 15,862
    PROLOGIS 1,644 2,193
    PROSUS NV ADR 1,431 1,757
    PRUDENTIAL FINCL INC 638 859
    PRUDENTIAL PLC SC 628 776
    PRYSMIAN SPA MILANO 583 1,083
    PTC THERAPEUTICS INC 2,970 3,418
    PUBLIC SVC ENTERPRISE GROUP IN 493 641
    PUBLICIS GROUPE S.A 2,467 4,665
    PULTE GROUP INC 462 949
    Q2 HOLDINGS INC 2,707 6,453
    QBE INSURANCE GP UNSP/ADR 2,761 3,077
    QIAGEN NV 2,282 3,964
    QUAKER CHEMICAL CORP 1,473 3,801
    QUALCOMM INC 2,767 6,398
    QUANTA SVCS INC 456 1,296
    QUEST DIAGNOSTICS 1,078 1,549
    R L I CP 1,684 2,187
    RAKUTEN SP ADR 2,638 3,336
    RAPID7 INCORPORATED 2,858 6,852
    RAYTHEON TECHNOLOGIES CORP 1,589 2,002
    REALTY INCOME CORP 628 808
    RECKITT BENCKISER GROUP 3,392 3,932
    RECRUIT HOLDINGS CO 2,840 3,070
    REGIONS FINANCIAL CORP 550 919
    RELX PLC 3,290 4,661
    RENAULT SA 1,523 3,509
    RENTOKIL INITIAL PLC SPON ADR 1,567 1,922
    REPSOL YPF S A ADR 3,406 4,775
    REXNORD CORP 3,236 4,660
    RIO TINTO PLC SPONSORED ADR 3,620 8,500
    ROBERT HALF INTL INC 500 812
    ROCHE HOLDING LTD ADR 14,105 20,561
    ROCKWELL AUTOMATION INC 2,608 5,518
    ROLLS ROYCE GRP PLC S/ADR 862 686
    ROPER INDUSTRIES 2,805 6,897
    ROSS STORES, INC 477 737
    ROYAL DUTCH SHEL PLC SPONS ADR 5,808 6,319
    ROYAL DUTCH SHELL CL A 6,045 6,782
    RPT REALTY 2,264 1,514
    RWE AKTIENGESELLSCHAF 1,248 2,419
    S&P GLOBAL INC COM 885 986
    SAFRAN SA - UNSPON ADR 2,726 4,858
    SAGE GROUP PLC UNS/ADR 2,451 2,397
    SALESFORCE.COM 2,064 5,786
    SAMPO PLC UNSPONSORED ADR 521 797
    SANDVIK AB SPONS ADR 1,921 4,229
    SANOFI-AVENTIS SPONSORED ADR 6,481 7,143
    SANTEN PHARMACEUTICA 2,256 2,929
    SAP AKTIENGESELL ADS 7,765 11,083
    SCHLUMBERGER LTD 3,587 5,414
    SCHNEIDER ELEC UNSP/ADR 3,978 8,367
    SCOR ADS 1,759 2,070
    SEAGATE TECHNOLOGY 355 684
    SEALED AIR CORP 601 1,099
    SECOM CO LTD ADR OTC 3,564 4,449
    SEIKO EPSON CORP ADR 754 961
    SELECTIVE INS GROUP INC 2,388 3,416
    SEMPRA ENERGY COM 542 637
    SEMTECH CORPORATION 1,793 4,542
    SERVICE NOW 1,131 1,651
    SEVEN & I HOLDINGS C 4,025 4,351
    SGS SA UNSP ADR 3,261 4,652
    SHARP CORP ADR 1,297 1,791
    SHIMANO INC UNSP ADR EACH REPR 2,946 4,871
    SHIN-ETSU CHEMICAL C 2,962 6,553
    SHIONOGI & CO LTD 1,634 1,644
    SHISEIDO CO LTD 1,455 3,950
    SHOCKWAVE MEDICAL ORD SHS 1,523 3,423
    SIEMENS AG 4,073 5,743
    SIEMENS HEALTHINEERS AG 452 592
    SILICON LABORATORIES, INC 1,355 3,184
    SIMON PPTY GROUP INC 1,175 2,217
    SINGAPORE AIRLINES 906 1,129
    SKYWORKS SOLUTIONS, INC 518 1,223
    SL GREEN REALTY CORP 552 834
    SMC CORPORATION 1,669 4,072
    SMITH & NEPHEW PLC ADR 2,366 3,669
    SMITH A O CORP DEL COM 480 713
    SMURFIT KAPPA 920 1,540
    SNAP ON INC 519 856
    SOCIETE GENERLE FRNCE ADR 2,068 2,958
    SOFTBANK ADR 1,428 1,514
    SOFTBANK CP UNSP ADR 5,399 12,990
    SONIC AUTOMOTIVE INC CL A 1,418 1,311
    SONIC HEALTHCARE LTD SHS 2,883 4,445
    SONOVA HOLDING AG AD 2,493 5,043
    SONY CORP ADR 2,894 9,503
    SOUTH JERSEY INDS INC 5,598 3,901
    SOUTH STATE CORPORATION 4,106 3,977
    SOUTH32 LTD 1,717 2,799
    SOUTHERN CO 614 860
    SOUTHWEST AIRLINES 960 1,119
    SPARK NEW ZEALAND SPON ADR 1,952 2,695
    SPECTRUM PHARMACEUTICALS INC. 1,780 801
    SPIRE INC 4,658 4,355
    SSE PLC SPON ADR 3,450 5,060
    STANLEY BLACK & DECKER INC 665 1,250
    STATE STREET CORPORATION 537 801
    STIFEL FINANCIAL CP 3,091 4,693
    STMICROELECTRONICS 1,179 3,341
    STRYKER CORPORATION 3,702 8,086
    SUBARU CORPORATION 780 776
    SUEZ SPONSORED ADR 2,020 3,427
    SUMITOMO CHEMICAL CO 819 858
    SUMITOMO CORP S/ADR 3,653 4,376
    SUMITOMO MITSUI FINCL GRP 3,025 3,492
    SUMITOMO MITSUI TR HOLDINGS SP 1,966 2,221
    SUMMIT MATERIALS INC 1,176 1,225
    SUN HUNG KAI PY LTD S/ADR 4,104 4,214
    SUPERNUS PHARMACEUTICALS INC 3,122 2,642
    SVB FINANCIAL GROUP 440 1,163
    SVENSKA HANDELSBK UNS ADR 2,463 3,106
    SWATCH GROUP AG 2,957 4,071
    SWEDBANK AB S/ADR 1,771 2,699
    SWEDISH MATCH AB FRUEHER SVENS 1,133 1,932
    SWIRE PAC LTD A S/ADR 3,317 3,435
    SWISSCOM AG S/ADR 2,991 3,601
    SYMRISE AG UNSPONSORED 2,555 5,623
    SYSMEX CORP UNSP ASDR 1,168 2,707
    T. ROWE PRICE GROUP 415 908
    TABULA RASA HEALTHCARE 3,563 3,127
    TAKEDA PHARMACEUTICAL COMPANY 3,312 3,895
    TAPESTRY INC 480 1,399
    TARGET CORPORATION 1,031 3,354
    TAYLOR MORRISON HOME CORP 2,807 3,514
    TDK CORP 1,105 2,274
    TE CONNECTIVITY LTD 872 1,695
    TEAMVIEWER AG 944 971
    TECHTRONIC INDS SPD ADR 1,312 5,281
    TELE2 AB ADR 607 621
    TELECOM ITALIA ADR 1,289 1,504
    TELEFONICA S A ADR 668 695
    TELEPERFORMANCE SA 492 857
    TELIASONERA ADR 2,028 2,203
    TELSTRA CORPORATION 2,095 2,430
    TEMENOS GROUP AG 621 708
    TENARIS SA-ADR 654 798
    TERNA RETE ELETTRICA 2,395 4,381
    TESCO PLC S ADR 1,853 2,698
    TESLA MOTORS INC 20,616 21,876
    TETRA TECH INC 2,399 6,021
    TEVA PHARMACEUTICAL INDUSTRIES 479 569
    TEXAS INSTRUMENTS INC 1,582 3,775
    TEXAS ROADHOUSE, INC 2,839 4,299
    TH K CO LTD 1,629 2,520
    THE COCA-COLA CO 5,031 6,526
    THE HARTFORD FLOATING RATE FUN 254,184 249,898
    THE HERSHEY COMPANY 594 914
    THE JM SMUCKER COMPANY 589 694
    THE WENDY'S CO 2,349 2,806
    THERMO FISHER SCIENTIFIC INC 2,627 5,589
    TJX COMPANIES INC 536 819
    TOKIO MARINE HOLDINGS INC 2,660 3,534
    TOKYO ELECTRON LTD 1,890 4,680
    TOKYO GAS CO LTD ADR 2,174 2,332
    TORAY INDUSTRIES INC 786 999
    TOSHIBA CORP UNSP/ADR 768 804
    TOTAL FINA ELF S.A 2,527 2,557
    TOYOTA MTR CORP 12,668 15,302
    TRACTOR SUPPLY CO COM 1,753 4,780
    TRANSMEDICS GROUP INC 648 736
    TRAVERE THERAPEUTICS 2,797 4,060
    TREND MICRO INCORPORATED ADS 1,557 2,468
    TRUIST FINANCIAL CORPORATION 1,915 2,780
    UBISOFT ENTERTAIN UNSP ADR EAC 1,051 1,290
    UBS AG 4,074 6,118
    UDR INC 461 538
    ULTRAGENYX PHARMACEUTICAL INC 2,628 7,475
    UMICORE SA 1,311 1,868
    UMPQUA HOLDINGS CORPORATION 2,582 2,332
    UNDER ARMOUR INC CL A 437 927
    UNDER ARMOUR INC CL C 453 923
    UNICHARM CORP - SPN ADR 1,694 3,625
    UNILEVER PLC AMER 11,575 14,969
    UNION PACIFIC 2,055 3,123
    UNITED COMMUNITY BANKS, INC 3,030 3,356
    UNITED OVRSEAS BK LTD ADR 3,321 4,271
    UNITED PARCEL SERVICE 2,466 3,031
    UNITED RENTALS INC 493 1,160
    UNITED UTILITS ADR 705 900
    UNITEDHEALTH GROUP INC 7,892 19,638
    UNUM CORP 1,564 2,707
    UPM KYMMENE CORP 2,382 3,855
    US ECOLOGY INC 3,111 2,216
    VALEO SA SPONS ADR 2,016 4,920
    VALERO ENERGY CORP 1,381 1,641
    VALLEY NATL BANCORP 3,067 2,837
    VAN ECK EMERGING MARKETS FUND 576,833 795,786
    VANDA PHARMACEUTICALS INC 2,203 2,102
    VARONIS SYSTEMS INC 1,621 2,618
    VENTAS INC 544 932
    VEOLIA ENVIRONN ADS 2,472 3,666
    VERISIGN INC 540 649
    VERISK ANALYTICS, INC 803 2,076
    VERIZON COMMUNICATIONS 10,875 13,689
    VERTEX PHARMCTLS INC 2,230 6,381
    VESTAS WIND SYS UNSP/ADR 1,278 4,772
    VIACOMCBS INC 1,796 5,030
    VIATRIS ORD SHS 324 431
    VINCI SA ADR 4,806 5,906
    VISA INC 8,364 22,748
    VIVENDI SA 1,898 2,568
    VODAFONE GROUP PLC 1,148 1,220
    VOLKSWAGEN AG ADR 504 670
    VOLVO AS-A ADR 2,570 5,581
    VONOVIA SE 1,705 1,863
    VONTIER CORPORATION 384 668
    VORNADO RLTY TR 805 859
    WAL-MART STORES INC 4,488 8,937
    WALT DISNEY HOLDINGS CO 4,804 10,327
    WASTE MANAGEMENT INC 725 1,179
    WEC ENERGY GROUP, INC 3,213 5,430
    WELLS FARGO & CO 1,426 1,660
    WERNER ENTERPRISES INC 2,439 2,510
    WESBANCO INC 2,929 2,607
    WESCO INTL INC 1,422 2,669
    WESFARMERS LTD ADR 2,288 3,208
    WESTPAC BANKING CP 5,504 7,793
    WESTROCK COMPANY 572 958
    WEYERHAEUSER CO 558 1,006
    WH GROUP LIMITED SPON ADR EACH 2,652 3,019
    WHIRLPOOL CORP 540 902
    WILLIAMS COS 583 602
    WILLSCOT MOBILE MINI CL A 2,400 3,499
    WNS (HOLDINGS) LIMIT 1,820 4,827
    WOODSIDE PETROL LTD ADR 3,411 4,545
    WORTHINGTON INDUSTRIES INC 2,630 3,748
    WPP PLC 1,900 2,596
    WSFS FINANCIAL CORPORATION 3,027 3,815
    YASKAWA ELEC CORP 515 902
    YELP INC 2,571 2,646
    YETI HOLDINGS, INC. 1,397 1,917
    YUM BRANDS INC 385 651
    YUM CHINA HOLDINGS INC 381 856
    Z HOLDINGS CORP 492 1,151
    ZALANDO SE 1,710 6,241
    ZIMMER BIOMET HOLDINGS 469 770
    ZIONS BANCORP 493 825
    ZOETIS INC 2,814 8,937
    ZURICH INS GROU ADR 3,857 6,544

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    The Smang Family Foundation
    EIN:
    26-1458985
    US Government Securities - End of Year Book Value:

    886,507
    US Government Securities - End of Year Fair Market Value:

    939,816
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Smang Family Foundation
    EIN:
    26-1458985
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BLACKSTONE REAL ESTATE INCOME   295,740 318,630

    TY 2020 OtherExpensesSchedule
    Name:
    The Smang Family Foundation
    EIN:
    26-1458985
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 20,000     20,000
    Bank Charges 2,262 2,262    
    State or Local Filing Fees 25     25


    TY 2020 OtherIncomeSchedule2
    Name:
    The Smang Family Foundation
    EIN:
    26-1458985
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Class Action Lawsuit Proceeds 313 313  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Smang Family Foundation
    EIN:
    26-1458985
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 35,020 35,020    


    TY 2020 TaxesSchedule
    Name:
    The Smang Family Foundation
    EIN:
    26-1458985
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2020 2,300      
    Foreign Tax Paid 3,647 3,647