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 07-01-2023 , and ending 06-30-2024
Name of foundation
THE WILLIAM H AND PATRICIA M SMITH
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)8807 JUNIPER SPRINGS PLACE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOUISVILLE, KY40242
A Employer identification number

38-3213042
B Telephone number (see instructions)

(502) 339-0745
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$7,897,731J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 177 177  
4 Dividends and interest from securities... 161,811 161,811  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,418,692
b Gross sales price for all assets on line 6a 5,345,059
7 Capital gain net income (from Part IV, line 2)... 1,418,692
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).......      
12 Total. Add lines 1 through 11........ 1,580,680 1,580,680  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,335 0   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,500 0   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
59,280 59,280   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
193 193   0
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
List of Attached Documents:
// Content
779 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 70,087 59,473   0
25 Contributions, gifts, grants paid....... 352,000 352,000
26 Total expenses and disbursements. Add lines 24 and 25 422,087 59,473   352,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,158,593
b Net investment income (if negative, enter -0-) 1,521,207
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.............      
2 Savings and temporary cash investments......... 230,714 280,552 280,552
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,061,581 Click to see attachment
List of Attached Documents:
// Content
2,569,949 		3,353,830
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
1,888,647 		1,922,128
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).......... 2,521,176 Click to see attachment
List of Attached Documents:
// Content
2,232,916 		2,341,221
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,813,471 6,972,064 7,897,731
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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...........    
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 5,813,471 6,972,064
29 Total net assets or fund balances (see instructions)..... 5,813,471 6,972,064
30 Total liabilities and net assets/fund balances (see instructions). 5,813,471 6,972,064
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
5,813,471
2
Enter amount from Part I, line 27a .....................
2
1,158,593
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
6,972,064
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,972,064
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 PUBLICLY TRADED SECURITIES - ML #97734      
b PUBLICLY TRADED SECURITIES - ML #06X00      
c PUBLICLY TRADED SECURITIES - ML #02281      
d PUBLICLY TRADED SECURITIES - ML #02234      
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,239,956   1,324,414 -84,458
b 2,121,732   803,438 1,318,294
c 252,848   280,726 -27,878
d 1,730,523   1,517,789 212,734
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       -84,458
b       1,318,294
c       -27,878
d       212,734
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 1,418,692
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
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 21,145
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 0
3 Add lines 1 and 2........................... 3 21,145
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 21,145
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 12,451
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,451
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 8,694
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
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
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 arrowMI
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 arrowN/A
14
The books are in care ofright arrowWENDY KUBITSKEY Telephone no.right arrow (502) 339-0745

Located atright arrow8807 JUNIPER SPRINGS PLACELOUISVILLEKY ZIP+4right arrow40242
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)
 
No
(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
 
 
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
KENDALL SMITH PRES / TRUSTEE
1.00 		0 0 0
24321 SAN JUAN RD
CARMEL,CA93923
SCOTT D SMITH TRUSTEE
1.00 		0 0 0
1953 W EVERGREEN
CHICAGO,IL60622
WENDY A KUBITSKEY SEC / TREAS/TRUSTEE
1.00 		0 0 0
8807 JUNIPER SPRINGS PLACE
LOUISVILLE,KY40242
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 0
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 arrow0
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  
2  
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  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
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
7,239,502
b
Average of monthly cash balances.......................
1b
226,162
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
7,465,664
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
7,465,664
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
111,985
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
7,353,679
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
367,684
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
367,684
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
21,145
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
21,145
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
346,539
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
346,539
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
346,539
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
352,000
b
Program-related investments—total from Part VIII-B..................
1b
0
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
352,000
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 7 346,539
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 347,940
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 352,000
a Applied to 2022, but not more than line 2a 347,940
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 4,060
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
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...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		342,479
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) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
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).)
KENDALL SMITH
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 right arrow
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 (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

CANTICLE FARMS

1968 36TH AVE
OAKLAND,CA94601 		NONE PC GARDEN AND EDUCATIONAL CENTER 10,000

CARMEL CARES

225 CROSSROADS BLVD SUITE 285
CARMEL,CA93923 		NONE PC KEEP CARMEL BEAUTIFUL THROUGH VOLUNTEER MAINTENANCE AND IMPROVEMENT PROJECTS 5,000

CARMEL FOUNDATION

PO BOX 1050
CARMEL,CA93921 		NONE PC SENIOR COMMUNITY CENTER 5,000

CARMEL MUSIC SOCIETY

PO BOX 22783
CARMEL,CA93922 		NONE PC TO PRESENT CLASSICAL MUSIC PERFORMANCES ON THE MONTEREY PENINSULA AND TO FOSTER THE APPRECIATION OF MUSIC ACROSS THE COMMUNITY. 5,000

DE COLORES ARTS

49 N SAN MATEO DR
SAN MATEO,CA94401 		NONE PC TO CREATE INCLUSIVE SPACE FOR CONNECTION AND SELF-EXPRESSION THROUGH THE ARTS 10,000

DETROIT INSTITUTE OF ARTS

5200 WOODWARD AVE
DETROIT,MI48202 		NONE PC SUPPORT DAILY OPERATIONS OF ART MUSEUM 100,000

DETROIT PUBLIC TELEVISION

1 CLOVER CT
WIXOM,MI48393 		NONE PC PRODUCES LOCAL PROGRAMS THAT SHOWCASE ARTS, CULTURE, NEWS AND ANALYSIS; AND EDUCATIONAL OUTREACH CAMPAIGNS THAT USE THE POWER OF MEDIA TO PROVIDE KNOWLEDGE AND UNDERSTANDING 10,000

FOOD BANK OF MONTEREY COUNTY

353 W ROSSI ST
SALINAS,CA93907 		NONE PC FIGHT HUNGER IN MONTEREY COUNTY 10,000

FRIENDS OF THE EEL RIVER

2030 1ST ST UNIT 10
EUREKA,CA95501 		NONE PC PIVOTAL ROLE IN COVERING AND ADDRESSING NEWS ITEMS THAT IMPACT THE EEL RIVER, INCLUDING ORGANIZING CLEANUP EVENTS.. 10,000

GATHERING FOR WOMEN

147 EL DORADO STREET
MONTEREY,CA93940 		NONE PC PROVIDE HOMELESS WOMEN WITH SUPPORTIVE RESOURCES AND CARING COMMUNITY 10,000

HIDDEN VALLEY MUSIC

PO BOX 116
CARMEL VALLEY,CA93924 		NONE PC PROVIDE ARTS-RELATED EDUCATIONAL PROGRAMS FOR STUDENTS OF ALL AGES 10,000

KENTUCKY REFUGEE MINISTRY

969 CHEROKEE RD
LOUISVILLE,KY40204 		NONE PC UNRESTRICTED USE BY GRANTEE 10,000

LOAVES AND FISHES

PO BOX 10552
DETROIT,MI48210 		NONE PC FUNDRAISE AND DISBURSE FUNDS TO PANTRIES 20,000

MONTEREY BAY AQUARIUM

886 CANNERY ROW
MONTEREY,CA93940 		NONE PC INSPIRING YOUNG AND OLD WITH THE BEAUTY AND WONDER OF THE OCEAN 10,000

MONTEREY SYMPHONY

2560 GARDEN ROAD SUITE 101
MONTEREY,CA93940 		NONE PC ENGAGE, EDUCATE, AND EXCITE OUR COMMUNITY THROUGH THE PERFORMANCE AND CONTINUAL DISCOVERY OF SYMPHONIC MUSIC 25,000

OLD TOWN SCHOOL OF FOLK MUSIC

4544 N LINCOLN AVE
CHICAGO,IL60625 		NONE PC PROVIDE FINANCIAL AID AND ARTS PROGRAMMING FOR CHICAGOANS 20,000

PACIFIC REP THEATRE

PO BOX 222035
CARMEL,CA93922 		NONE PC FACILITATE AND PRODUCE THEATRE ARTS IN THE MONTEREY BAY REGION 10,000

PANETTA INSTITUTE FOR PUBLIC POLICY

100 CAMPUS CENTER BLDG 86E
SEASIDE,CA93955 		NONE PC HELP COMMUNITIES AND COUNTRY ATTRACT THOUGHTFUL YOUNG PEOPLE TO LIVES OF PUBLIC SERVICE 2,000

RANCHO CIELO INC

PO BOX 6948
SALINAS,CA93912 		NONE PC PROVIDE SAFE CAMPUS TO DELIVER PROGRAMS AND SERVICES THAT INSPIRE AT-RISK YOUTH TO LEARN NEW SKILLS, GAIN SELF-ESTEEM AND CONFIDENCE 20,000

THE SHAMROCK PET FOUNDATION

PO BOX 24033
LOUISVILLE,KY40224 		NONE PC ENHANCE THE LIVES OF COMPANION ANIMALS THROUGH PROACTIVE PROGRAMS. 20,000

WRCJ 909 FM DETROIT

1 CLOVER CT
WIXOM,MI48393 		NONE PC LISTENER SUPPORTED CLASSICAL AND JAZZ MUSIC PUBLIC RADIO STATION 10,000

YOUTH MUSIC MONTEREY

546 HARTNELL ST STE B
MONTEREY,CA93940 		NONE PC PROVIDE STUDENTS OF MONTEREY COUNTY AN ADVOCATE AND AN OUTLET FOR DEVELOPING THEIR MUSICAL INTERESTS 10,000

YOUTH ORCHESTRA SALINAS (YOSAL)

1122 E ALISAL ST
SALINAS,CA93905 		NONE PC NONPROFIT AFTER-SCHOOL MUSIC PROGRAM 10,000
Total .................................right arrow 3a 352,000
bApproved for future payment
Total ................................. right arrow 3b 0
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 ........... 		    14 177  
4 Dividends and interest from securities ....     14 161,811  
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 1,418,692  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,580,680 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,580,680
(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.)
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

TY 2023 AccountingFeesSchedule
Name:
THE WILLIAM H AND PATRICIA M SMITH
 
FOUNDATION
EIN:
38-3213042
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 8,500 0   0

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE WILLIAM H AND PATRICIA M SMITH
 
FOUNDATION
EIN:
38-3213042
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 83,904 84,848
APPLE INC 42,882 43,584
JPMORGAN CHASE & CO 83,482 84,676
US BANCORP 85,060 86,617
BB&T CORPORATION 83,854 86,184
MERCK & CO INC 43,487 44,267
VERIZON COMMUNICATIONS 43,618 44,381
UNITED TECHNOLOGIES CORP 43,663 44,228
BP CAP MARKETS AMERICA 82,566 83,512
HP ENTERPRISE CO 43,296 43,639
MCDONALD'S CORP 43,396 43,965
GOLDMAN SACHS GROUP INC 85,022 86,689
LOWE'SCOSINC 43,769 44,763
DUKE ENERGY CORP 42,418 43,484
SHIRE ACQ INV IRELAND DA 42,071 43,164
AMGEN INC 44,320 45,464
CAPITAL ONE FINANCIAL CO 42,527 44,187
MORGAN STANLEY 41,278 42,500
FISERVINC 43,779 45,219
WELLS FARGO & COMPANY 42,869 43,821
ANTHEM INC 43,073 43,975
WALT DISNEY COMPANY/THE 43,801 44,844
NORTHROP GRUMMAN CORP 43,508 44,282
SALESFORCE.COM INC 83,733 84,864
ANHEUSER-BUSCH INBEV WOR 43,016 43,810
CIGNA CORP 42,953 43,719
CITIGROUPINC 43,125 44,435
ABBVIE INC 40,092 41,018
DOWDUPONT INC 43,032 43,843
CVS HEALTH CORP 43,014 43,573
CVS HEALTH CORP 982 990
AT&T INC 14,007 14,547
AT&T INC 22,473 23,275
AT&T INC 10,232 10,668
PNC FINANCIAL SERVICES 83,871 85,958
PNC FINANCIAL SERVICES 973 1,011
FIFTH THIRD BANCORP 46,169 46,150
AMERICAN EXPRESS CO 45,363 45,112
PHILIP MORRIS INTL INC 87,969 86,862

TY 2023 InvestmentsCorpStockSchedule
Name:
THE WILLIAM H AND PATRICIA M SMITH
 
FOUNDATION
EIN:
38-3213042
Name of Stock End of Year Book Value End of Year Fair Market Value
ADOBE INC 96,664 91,664
DANAHER CORP DEL COM 59,233 67,460
INTUIT INC COM 73,878 85,437
INTUITIVE SURGICAL INC 56,922 81,852
LAUDER ESTEE COS INC A 50,060 38,942
MICROSOFT CORP 87,744 104,586
S&P GLOBAL INC 70,171 74,036
VISA INC CL A SHRS 95,183 98,689
AIRBNB INC CLA 74,544 83,548
ASML HLDG NV NY REG SHS 71,015 104,318
BLACKSTONE INC 63,700 68,585
CHIPOTLE MEXICAN GRILL 44,644 62,587
ELI LILLY & CO 62,395 95,970
ILLUMINA INC COM 33,042 31,418
LULULEMON ATHLETICA INC 67,579 44,506
MSCI INC 45,893 42,394
NETFLIX COM INC 83,777 124,178
NVIDIA 32,417 86,354
SERVICENOW INC 83,472 96,760
UBER TECHNOLOGIES INC 56,465 67,229
COPART INC COM 46,080 43,815
GRAIL INC 963 769
SYNOPSYS INC 63,081 71,407
ALPHABET INC SHS CLA 31,599 80,146
AMAZON COM INC COM 52,714 73,049
AMERICAN TOWER REIT INC 21,469 20,799
APPLE INC 87,361 110,997
ASML HLDG NV NY REG SHS 9,226 21,477
BROADCOM INC 21,499 57,799
CAPITAL ONE FINL 23,824 23,260
CBRE GROUP INC 15,682 16,129
CHENIERE ENERGY 19,330 24,476
COMCAST CORP NEW CL A 29,497 28,156
DANAHER CORP DEL COM 15,706 27,484
DEERE 25,251 25,407
DOW INC REGSHS 13,741 12,679
ELEVANCE HEALTH INC 16,326 18,423
GENUINE PARTS CO 22,348 21,855
HCA HEALTHCARE INC 31,358 39,839
JPMORGAN CHASE & CO 19,402 41,868
KKR & CO INC 15,430 31,888
MASTERCARD INC 11,393 15,882
MEDTRONIC PLC SHS 25,269 24,007
META PLATFORMS INC 19,037 47,901
MICROSOFT CORP 17,250 133,638
MONDELEZ INTERNATIONAL 17,513 17,014
MOODY'S CORP 21,116 26,519
NEXTERA ENERGY INC SHS 22,748 21,739
NVIDIA 9,866 56,828
NXP SEMICONDUCTORS N.V. 27,171 40,094
OCCIDENTAL PETE CORP 13,636 14,749
ORACLE CORP $0.01 DEL 16,292 28,664
PEPSICO INC 44,019 41,397
QUALCOMM INC 30,140 44,816
SEMPRA 15,800 15,897
SERVICENOW INC 8,890 12,587
SYNOPSYS INC 17,742 26,183
THERMO FISHER SCIENTIFIC 26,466 27,097
TJX COS INC NEW 28,354 46,793
UNITED RENTALS INC COM 24,352 44,624
UNITEDHEALTH GROUP INC 22,118 20,880
VISA INC CL A SHRS 13,967 19,160
WELLS FARGO 23,697 32,724
BOEING COMPANY 22,148 20,203
CISCO SYSTEMS INC COM 13,977 12,875
CONSTELLATION BRANDS INC 20,001 19,296
ELI LILLY & CO 5,734 9,054
LEAR CORP SHS 14,659 13,020
LOWE'S COMPANIES INC 13,562 14,109
MERCK AND CO INC SHS 26,635 32,064
METLIFE INC COM 17,545 21,619
PARKER HANNIFIN CORP 18,539 22,761
SHERWIN WILLIAMS 21,395 23,576
CONOCOPHILLIPS 21,374 22,304
GE AEROSPACE 8,532 19,712
GE VERNOVA LLC 2,230 5,317
PROCTER & GAMBLE CO 16,097 16,492

TY 2023 InvestmentsOtherSchedule2
Name:
THE WILLIAM H AND PATRICIA M SMITH
 
FOUNDATION
EIN:
38-3213042
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
GRANITESHARES GOLD AT COST 42,272 67,916
INVESCO EXCHANGE-TRADED AT COST 88,572 123,764
ISHARES S&P GLBL HEALTH AT COST 87,345 100,731
ISHARES US AEROSPACE ETF AT COST 36,562 46,482
ISHARES 10-20 YEAR AT COST 309,595 274,414
ISHARES MSCI EUROZONE AT COST 28,618 30,272
ISHARES MSCI CHINA AT COST 102,923 86,702
ISHARES INC MSCI AT COST 139,510 146,638
ISHARES MSCI INTL QUALIT AT COST 76,344 102,116
JANUS DETROIT STREET TR AT COST 62,392 62,557
JANUS HENDERSON MORTG AT COST 332,617 332,687
SPDR PORTFOLIO SHORT TER AT COST 55,931 55,950
SPDR S&P DIVIDEND ETF AT COST 97,383 97,420
VANGUARD VALUE ETF AT COST 176,754 199,550
VANGUARD MSCI EUROPEAN AT COST 24,051 27,442
SECTOR SPDR ENERGY AT COST 39,588 39,103
ISHARES TR S&P GLOBAL AT COST 36,772 36,908
ISHARES GLOBAL INDUSTRIA AT COST 18,846 22,290
J.P. MORGAN EXCHANGE- AT COST 18,884 20,855
J.P. MORGAN EXCHANGE- AT COST 46,622 46,498
QUADRATIC INT RTE VOL AT COST 63,830 58,177
SPDR PORTFOLIO S&P 600 AT COST 82,116 87,587
SPDR S&P GLOBAL NATURAL AT COST 18,777 18,654
SPDR US FINANCIAL SECTOR AT COST 32,443 39,753
WISDOMTREE FLOATING RATE AT COST 167,044 166,878
INVESCO EXCHANGE-TRADED AT COST 18,954 21,618
SPD R . BLOOMBERG AT COST 21,036 21,109
ISHARES 0-3 AT COST 7,135 7,150

TY 2023 LegalFeesSchedule
Name:
THE WILLIAM H AND PATRICIA M SMITH
 
FOUNDATION
EIN:
38-3213042
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 1,335 0   0


TY 2023 OtherExpensesSchedule
Name:
THE WILLIAM H AND PATRICIA M SMITH
 
FOUNDATION
EIN:
38-3213042
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK CHARGE 0 0   0
ADMINISTRATIVE EXPENSES 779 0   0


TY 2023 OtherProfessionalFeesSchedule
Name:
THE WILLIAM H AND PATRICIA M SMITH
 
FOUNDATION
EIN:
38-3213042
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISOR 59,280 59,280   0


TY 2023 TaxesSchedule
Name:
THE WILLIAM H AND PATRICIA M SMITH
 
FOUNDATION
EIN:
38-3213042
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX PAID 193 193   0