Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 04-01-2023 , and ending 03-31-2024
Name of foundation
THE HORACE SMITH FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)16 UNION AVE SUITE 2K
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WESTFIELD, MA01085
A Employer identification number

04-2235130
B Telephone number (see instructions)

(413) 739-4222
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$7,793,127J 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) 212,759
2 Check right arrow.............
3 Interest on savings and temporary cash investments 18,087 18,087  
4 Dividends and interest from securities... 108,403 108,403  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 51,300
b Gross sales price for all assets on line 6a 4,858,264
7 Capital gain net income (from Part IV, line 2)... 51,300
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
List of Attached Documents:
// Content
102   102
12 Total. Add lines 1 through 11........ 390,651 177,790 102
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 36,925 3,693 1,846 31,387
14 Other employee salaries and wages...... 58,865 5,887 2,943 50,035
15 Pension plans, employee benefits....... 40,352 4,035 2,017 34,299
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
15,000 7,500   7,500
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
37,997 37,997    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,911 900    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
7,269   7,269
20 Occupancy.............. 9,600   3,840 5,760
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
23,302   8,535 14,766
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 232,221 60,012 26,450 143,747
25 Contributions, gifts, grants paid....... 303,048 303,048
26 Total expenses and disbursements. Add lines 24 and 25 535,269 60,012 26,450 446,795
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -144,618
b Net investment income (if negative, enter -0-) 117,778
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 29,468 170,658 170,658
2 Savings and temporary cash investments......... 462,838 414,603 414,603
3 Accounts receivable right arrow65,059
Less: allowance for doubtful accounts right arrow   16,448 65,059 65,059
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 6,984 7,921 7,921
10a Investments—U.S. and state government obligations (attach schedule) 1,472,194 Click to see attachment
List of Attached Documents:
// Content
1,685,204 		1,609,358
b Investments—corporate stock (attach schedule)....... 4,417,006 Click to see attachment
List of Attached Documents:
// Content
3,918,903 		5,018,180
c Investments—corporate bonds (attach schedule)....... 497,422 Click to see attachment
List of Attached Documents:
// Content
529,901 		484,133
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow47,575
Less: accumulated depreciation (attach schedule) right arrow35,926 18,917 Click to see attachment
List of Attached Documents:
// Content
11,649 		11,649
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
38,087 		Click to see attachment
List of Attached Documents:
// Content
11,566 		Click to see attachment
List of Attached Documents:
// Content
11,566
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,959,364 6,815,464 7,793,127
Liabilities 17 Accounts payable and accrued expenses.......... 782  
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 right arrow)   Click to see attachment
List of Attached Documents:
// Content
1,500
23 Total liabilities (add lines 17 through 22)......... 782 1,500
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 6,958,582 6,813,964
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 6,958,582 6,813,964
30 Total liabilities and net assets/fund balances (see instructions). 6,959,364 6,815,464
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
6,958,582
2
Enter amount from Part I, line 27a .....................
2
-144,618
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
6,813,964
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,813,964
Form 990-PF (2023)
Form 990-PF (2023)
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 PUBLICALLY TRADED SECURITIES P    
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 4,858,264   4,806,964 51,300
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       51,300
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 51,300
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 51,300
Part V
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 right arrow 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) 1 1,637
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 1,637
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 1,637
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 640
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 640
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 997
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-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
 
 
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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:
round bullet By language in the governing instrument, or
round bullet 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 XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMA
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 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
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
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 addressright arrowWWW.HORACESMITHFUND.ORG
14
The books are in care ofright arrowJOSEPHINE SARNELLI Telephone no.right arrow (413) 739-4222

Located atright arrow16 UNION AVE SUITE 2KWESTFIELDMA ZIP+4right arrow01085
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-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? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(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)? ......................
1a(5)
 
No
(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.) ...............
1a(6)
 
No
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2023? .............
1d
 
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-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))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
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
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
 
 
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? .............................
6a
 
No
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?
7a
 
No
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? .........................
8
 
No
Part VII
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
WAYNE L WEBSTER PRESIDENT
1.00 		0 0 0
16 UNION AVE STE 2K
WESTFIELD,MA01085
ANTHONY GIACOMONI TREASURER
1.00 		0 0 0
16 UNION AVE STE 2K
WESTFIELD,MA01085
JOSEPHINE SARNELLI CLERK/ EXEC
10.00 		36,925 20,176 0
16 UNION AVE STE 2K
WESTFIELD,MA01085
JAMES W BRODERICK JR TRUSTEE
1.00 		0 0 0
16 UNION AVE STE 2K
WESTFIELD,MA01085
TERESA REGINA TRUSTEE
1.00 		0 0 0
16 UNION AVE STE 2K
WESTFIELD,MA01085
KATHLEEN BOURQUE TRUSTEE
1.00 		0 0 0
16 UNION AVE STE 2K
WESTFIELD,MA01085
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-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 SCHOLARSHIPS WERE AWARDED TO ELIGIBLE STUDENTS FOR THE SCHOOL YEAR BEGINNING SEPTEMBER 2023: 76 SCHOLARSHIPS OF 3,000 EACH AND 6 SCHOLARSHIPS OF 1,500: SCHOLARSHIPS AWARDED - 240,000 OTHER DISBURSEMENTS FOR CHARITABLE PURPOSES - 120,479 360,479
2 FELLOWSHIPS AWARDED TO ELIGIBLE STUDENTS. FOR THE SCHOOL YEAR BEGINNING SEPTEMBER 2023, 9 FELLOWSHIPS OF 5,000, 2 AT 2,500 AND 3 AT VARIOUS AMOUNTS EACH WERE AWARDED. FOURTEEN RECIPIENTS ATTENDED COLLEGE FOR THE WHOLE YEAR. FELLOWSHIPS AWARDED - 63,048 OTHER DISBURSEMENTS FOR CHARITABLE PURPOSES - 23,268 86,316
3  
4  
Part VIII-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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
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
6,630,781
b
Average of monthly cash balances.......................
1b
461,352
c
Fair market value of all other assets (see instructions)................
1c
39,012
d
Total (add lines 1a, b, and c).........................
1d
7,131,145
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
 
3
Subtract line 2 from line 1d.........................
3
7,131,145
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
106,967
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
7,024,178
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
351,209
Part X
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 IX, line 6..................
1
351,209
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,637
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,637
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
349,572
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
349,572
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
349,572
Part XI
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
446,795
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
446,795
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 349,572
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 75,289
b From 2019...... 92,222
c From 2020...... 77,429
d From 2021...... 29,930
e From 2022...... 98,248
f Total of lines 3a through e ........ 373,118
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 446,795
a Applied to 2022, 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 2023 distributable amount..... 349,572
e Remaining amount distributed out of corpus 97,223
5 Excess distributions carryover applied to 2023.    
(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 5 470,341
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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 2018 not
applied on line 5 or line 7 (see instructions) ... 		75,289
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		395,052
10 Analysis of line 9:
a Excess from 2019.... 92,222
b Excess from 2020.... 77,429
c Excess from 2021.... 29,930
d Excess from 2022.... 98,248
e Excess from 2023.... 97,223
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
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 IX, 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 XIV
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.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
THE HORACE SMITH FUND
16 UNION AVE STE 2K
WESTFIELD,MA01085
(413) 739-4222
bThe form in which applications should be submitted and information and materials they should include:
THERE ARE THREE ASSISTANCE PROGRAMS OFFERED THROUGH THE HORACE SMITH FUND. DETAILED INFORMATION IS AVAILABLE ONLINE AT WWW.HORACESMITHFUND.ORG. STUDENTS MAY APPLY FOR THE WALTER S BARR SCHOLARSHIP AVAILABLE TO HIGH SCHOOL SENIORS WHO WILL BE ENTERING COLLEGE FOR THE FIRST TIME AND TO COLLEGE STUDENTS CONTINUING THEIR UNDERGRADUATE STUDIES. COLLEGE GRADUATES CONTINIUNG THEIR EDUCATION IN GRADUATE SCHOOL MAY APPLY FOR THE WALTER S BARR FELLOWSHIP. SPECIAL NEEDS STUDENTS MAY APPLY FOR THE WILLIAM R. ROONEY AWARD AVAILABLE TO HIGH SCHOOL SENIORS WHO WILL BE ENTERING COLLEGE FOR THE FIRST TIME. EACH APPLICATION MAY BE SUBMITTED ONLINE AT THE FUND'S WEBSITE OR MAILED IN WRITING. EACH APPLICATION MUST BE ACCOMPANIED BY THREE REFERENCES FROM UNRELATED INDIVIDUALS, A FINANCIAL PROFILE AND OTHER REQUIREMENTS AS NOTED ON THE WEBSITE.
cAny submission deadlines:
APPLICATION DEADLINES FOR ALL SCHOLARSHIPS, AWARDS AND FELLOWSHIPS IS MARCH 15TH.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
BARR SCHOLARSHIPS ARE AVAILABLE TO STUDENTS LIVING IN HAMPDEN COUNTY, MASSACHUSETTS SEEKING A COLLEGE EDUCATION. APPLICANTS MUST BE GRADUATES OF HAMPDEN COUNTY, MASSACHUSETTS SECONDARY SCHOOLS. FELLOWSHIP APPLICANTS MUST BE RESIDENTS OF HAMPDEN COUNTY OR QUALIFIED FORMER RESIDENTS. IT IS THE POLICY OF THE FUND TO PROVIDE SUPPLEMENTARY AID WHERE OTHER RESOURCES AVAILABLE TO THE PROSPECTIVE STUDENT ARE NOT ADEQUATE TO CARRY OUT THE PLANNED EDUCATIONAL PROGRAM.
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
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
FELLOWSHIP RECIPIENTS


16 UNION AVE
WESTFIELD,MA01085 		NONE INDIVIDUAL FELLOWSHIPS 63,048
SCHOLARSHIP RECIPIENTS


16 UNION AVE
WESTFIELD,MA01085 		NONE INDIVIDUAL SCHOLARSHIPS 240,000
Total .................................right arrow 3a 303,048
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-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 18,087  
4 Dividends and interest from securities ....     14 108,403  
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 ............ 		    14 51,300  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aMISCELLANEOUS INCOME 		    1 102  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   177,892  
13Total. Add line 12, columns (b), (d), and (e)..................
13
177,892
(See worksheet in line 13 instructions to verify calculations.)
Part XV-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 XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
11B INCOME ALLOWED FUND TO INCREASE SCHOLARSHIPS AWARDED
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
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
2023
Name of the organization
THE HORACE SMITH FUND
 
Employer identification number

04-2235130
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) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
THE HORACE SMITH FUND
  		Employer identification number
04-2235130
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
ESTATE OF SIDNEY S LETTER
32 BUCK ROAD SUITE 300
 
LEBANON, NH03766

$ 211,159


(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) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
THE HORACE SMITH FUND
  		Employer identification number

04-2235130
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
THE HORACE SMITH FUND
  		Employer identification number

04-2235130
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) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL SERVICES 15,000 7,500   7,500

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

TY 2023 DepreciationSchedule
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
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
LAPTOP 2011-09-26 5,037 5,037 S/L 5.0000        
SERVER 2017-05-12 5,444 5,444 S/L 5.0000        
FIREWALL HARDWARE 2017-08-02 1,499 1,499 S/L 5.0000        
2 COMPUTERS 2017-12-07 2,458 2,458 S/L 5.0000        
CARPET & PADS 2019-03-06 2,268 2,041 S/L 5.0000 227   227  
FILING CABINETS 2019-05-16 2,407 1,685 S/L 5.0000 482   482  
COMPUTER/PHONE UPGRADE 2020-12-11 18,037 9,018 S/L 5.0000 3,608   3,608  
KONICA AC780 2023-02-28 3,925 393 S/L 5.0000 785   785  
WEBSITE 2022-04-01 6,500 1,083 S/L 3.0000 2,167   2,167  

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES 1.40% 6/30/30 8,988 7,501
AMAZON.COM 3.15% 8/22/27 23,034 20,015
APPLE INC. 3.45% 5/6/24    
AUTO DATAPROCESS 1.25% 9/1/30 5,761 4,902
BANK OF AMERICA 3.25% 10/21/27 10,861 10,429
BERKSHIRE HATHAWAY 1.85% 3/12/2030 8,961 7,678
BK OF AMERICA 1.32% 6/19/26 10,076 9,506
BK OF AMERICA 2.50% 2/13/31 11,882 10,337
BK OF NOVA SCOTIA 2.70% 8/3/26 20,464 17,983
BK OF NY MELLON 1.60% 4/24/25 30,454 28,854
BRISTOL MYERS SQUIBB 3.40% 7/26/2029 20,169 17,847
CANADIAN IMP BK 2.25% 1/28/2025    
CISCO SYSTEMS 5.05% 2/26/2024 21,170 21,283
CITIGROUP 2.67% 01/29/2031 19,013 16,467
COCA COLA 3.45% 3/25/30 5,564 4,701
COMCAST CORP 2.35% 1/15/27 17,909 15,902
DUKE ENERGY CAROLINA 2.45% 2/01/30 7,208 6,153
EQUINOR ASA 2.88% 4/06/25 12,550 11,720
EXXON MOBIL 2.02% 08/16/2024    
GOLDMAN SACHS 3.10% 2/24/33 5,090 5,132
HOME DEPOT 2.5% 4/15/27 6,234 5,622
JOHNSON & JOHNSON .95% 9/01/27 11,883 10,678
JP MORGAN CHASE 2.52% 4/22/31 11,848 10,371
JP MORGAN CHASE 3.2% 6/15/26 28,629 27,905
KENVUE INC 4.9% 3/22/33 10,255 9,992
KIMBERLY-CLARK 3.10% 3/26/30 6,539 5,498
MANULIFE FINANCIAL 4.15% 3/4/26 12,793 11,799
MERCK CO INC .75% 2/24/26 12,086 11,128
MICROSOFT CORP 2.4% 8/8/26 28,290 26,575
MORGAN STANLEY 3.13% 07/27/2026 13,455 12,434
PEPSICO INC 2.75% 3/19/30 11,949 9,904
PROCTER & GAMBLE 3.45% 3/25/30 13,541 11,047
ROYAL BK OF CANADA 1.15% 6/10/25 12,076 11,447
SHELL INTL FIN 2.5% 9/12/26 18,534 18,008
STATE STREET CORP 3.55% 8/18/25 13,532 12,737
TOTAL CAP INT'L SA 3.46% 02/19/2029 20,277 18,000
TOYOTA MOTOR CR 1.90% 4/26/2028 5,935 5,388
TRUIST FINANCIAL 1.27% 3/2/2027 11,751 11,094
US BANCORP 3.15% 4/27/27 11,248 10,439
WELLS FARGO & CO 3% 10/23/26 16,691 16,093
WELLS FARGO & CO 4.15% 01/24/2029 13,201 11,564

TY 2023 InvestmentsCorpStockSchedule
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
Name of Stock End of Year Book Value End of Year Fair Market Value
AIR PRODUCTS AND CHEMICALS    
ALPHABET INC CL-C 87,496 157,132
AMAZON.COM INC. 76,971 110,934
AMERICAN EXPRESS 92,654 134,337
AMERICAN TOWER CORPORATION 70,701 72,911
AMETEK AERSPACE PRODUCTS 41,746 47,005
APPLE    
APPLIED MATERIALS 45,785 67,025
BANK AMERI CORP    
BERKSHIRE HATHAWAY INC 131,120 179,142
BERRY PLASTICS GROUP INC    
BIOGEN INC    
BOEING COMPANY 55,803 71,020
BOOKING HOLDINGS 55,617 76,185
BOSTON SCIENTIFIC    
BJS WHOLESALE 88,253 92,823
BROADCOM LTD 41,129 88,802
BROOKFIELD INFRASTRUCTURE 96,704 83,324
BROOKFIELD RENEWABLE CORPORATION    
CARMAX, INC. 50,376 60,106
CASEY'S GENERAL STORES 55,077 88,211
CELANESE CORPORATION 58,779 80,774
CENTENE CORP    
CHARLES RIVER LABORATORIES INTL 56,026 71,802
CHEVRON CORPORATION 116,126 117,674
COMCAST CORP NEW CL A    
CONSTELLATION BRANDS INC 106,352 128,271
COTERRA ENERGY    
CUBESMART 49,391 54,128
CURTISS WRIGHT CORPORATION 64,279 69,360
CVS HEALTH 131,493 121,714
DROPBOX INC - CLASS A    
EVERCORE INC 57,962 76,651
FACEBOOK, INC. 60,862 138,390
GENERAL HEALTHCARE TECHNOLOGIES    
GENERAL ELECTRIC    
GILEAD SCIENCES 74,085 82,187
GODADDY 48,874 76,667
HCA HOLDINGS INC 76,001 98,058
HUNTINGTON INGALLS INDUSTRIES 71,947 92,687
JACOB SOLUTIONS 49,336 96,235
JOHNSON CONTROLS INTERNATIONAL 93,554 104,577
JONES LANG LASALLE 33,899 42,725
JP MORGAN CHASE 147,116 187,481
LIVE NATION ENTERTAINMENT, INC 58,937 74,251
LPL FINANCIAL HOLDINGS 67,705 91,413
MARATHON OIL CORPORATION 71,192 82,441
MARKEL CORPORATION 110,889 127,804
MERCK & CO INC 55,710 68,746
MODERNA    
MICROSOFT CORP 56,949 84,565
MIDDLEBY CORP 59,639 67,210
ON SEMICONDUCTOR CORPORATION 53,635 49,793
NVR, INC 93,556 137,699
OCCIDENTAL PETROLEUM CORPORATION 72,316 110,418
PAYPAL HOLDINGS 52,707 59,956
PENNYMAC FINANCIAL SERVICES    
RELIANCE STEEL & ALUMINUM 64,900 89,560
SALESFORCE INC 103,473 141,555
SIMON PROPERTY GROUP    
SITIO ROYALIES CORP    
STARBUCKS    
SVB FINANCIAL GROUP    
T-MOBILE US, INC.    
THERMO FISHER SCIENTIFIC 65,319 70,326
TESLA    
THE KRAFT HEINZ COMPANY    
UBER TECHNOLOGIES 54,126 108,094
UNION PACIFIC 67,631 80,911
UNITED THERAPUTICS CORPORATION 54,378 61,565
UNITEDHEALTH GROUP 129,430 125,654
UNIVERSAL HEALTH SERVICES    
VENTAS, INC.    
VERTEX PHARMACEUTICALS    
VIPER ENERGY PARTNERS 94,262 110,726
VISA, INC. 76,498 104,934
WALMART, INC. 56,521 59,929
WELLS FARGO COMPANY 113,616 142,292

TY 2023 InvestmentsGovtObligationsSch
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
US Government Securities - End of Year Book Value:

1,685,204
US Government Securities - End of Year Fair Market Value:

1,609,358
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 LandEtcSchedule2
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND BUILDINGS AND EQUIMENT 47,575 35,926 11,649 11,649


TY 2023 OtherAssetsSchedule
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INTEREST - INVESTMENTS 10,273 11,566 11,566
REFUNDABLE EXCISE TAX 27,814    


TY 2023 OtherExpensesSchedule
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
COMPUTER EXPENSE 7,286   2,914 4,372
CSS PROFILE FEES 385     385
DUES 375     375
INSURANCE 3,452   1,381 2,071
MISCELLANEOUS EXPENSE 93   37 56
OFFICE EXPENSE 6,938   2,775 4,163
POSTAGE 519     519
TELEPHONE 3,569   1,428 2,141
MEALS AND ENTERTAINMENT 480     480
MILEAGE REIMBURSEMENT 205     204


TY 2023 OtherIncomeSchedule2
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISCELLANEOUS INCOME 102   102


TY 2023 OtherLiabilitiesSchedule
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
Description Beginning of Year - Book Value End of Year - Book Value
ACCRUED FEDERAL EXCISE TAX   1,500


TY 2023 OtherProfessionalFeesSchedule
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AGENT FEES - TD BANK 37,997 37,997    


TY 2023 TaxesSchedule
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN EXCISE TAXES 900 900    
FEDERAL EXCISE TAXES 2,011