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 01-01-2023 , and ending 12-31-2023
Name of foundation
THE DAVIS & SMITH FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)2261 WOODLARK CIRCLE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BETHLEHEM, PA18017
A Employer identification number

84-3207370
B Telephone number (see instructions)

(484) 379-8230
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$15,631,290J 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 139,523 139,523  
4 Dividends and interest from securities... 202,290 202,290  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 45,907
b Gross sales price for all assets on line 6a 4,073,820
7 Capital gain net income (from Part IV, line 2)... 42,807
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........ 387,720 384,620  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 106,000 0   106,000
14 Other employee salaries and wages...... 17,509 0   17,509
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,700 5,775   1,925
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
79,000 79,000   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
12,282 3,951   8,331
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 1,000 0   1,000
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,104 0   7,104
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 230,595 88,726   141,869
25 Contributions, gifts, grants paid....... 1,095,000 1,095,000
26 Total expenses and disbursements. Add lines 24 and 25 1,325,595 88,726   1,236,869
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -937,875
b Net investment income (if negative, enter -0-) 295,894
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............. 29,154 27,832 27,832
2 Savings and temporary cash investments......... 331,545 492,727 502,786
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) 1,494,339 Click to see attachment
List of Attached Documents:
// Content
1,469,632 		1,396,469
b Investments—corporate stock (attach schedule)....... 9,145,134 Click to see attachment
List of Attached Documents:
// Content
8,224,584 		11,604,323
c Investments—corporate bonds (attach schedule)....... 2,372,618 Click to see attachment
List of Attached Documents:
// Content
2,220,140 		2,099,880
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 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) 13,372,790 12,434,915 15,631,290
Liabilities 17 Accounts payable and accrued expenses.......... 2,408 2,408
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)......... 2,408 2,408
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 13,370,382 12,432,507
29 Total net assets or fund balances (see instructions)..... 13,370,382 12,432,507
30 Total liabilities and net assets/fund balances (see instructions). 13,372,790 12,434,915
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
13,370,382
2
Enter amount from Part I, line 27a .....................
2
-937,875
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
12,432,507
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
12,432,507
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 CAPITAL GAIN DIVIDENDS P    
b PUBLICLY TRADED SECURITIES P    
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 69     69
b 4,073,751   4,031,013 42,738
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       69
b       42,738
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 42,807
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 4,113
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 4,113
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 4,113
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 17,011
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 17,011
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 12,898
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow12,898 Refundedright arrow 11 0
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 arrowPA
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.DSFAM.ORG
14
The books are in care ofright arrowKELLY J MILLER Telephone no.right arrow (484) 379-8230

Located atright arrow2261 WOODLARK CIRCLEBETHLEHEMPA ZIP+4right arrow18017
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)
Yes
 
(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
 
No
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
KELLY J MILLER EXEC. DIR., TREASURER, SECRETARY
40.00 		106,000 17,509 0
2261 WOODLARK CIRCLE
BETHLEHEM,PA18017
JOANNE S DAVIS PRESIDENT & BOARD MEMBER
2.00 		0 0 0
2261 WOODLARK CIRCLE
BETHLEHEM,PA18017
KAITLIN E BICKNELL VICE-PRESIDENT & BOARD MEMBER
2.00 		0 0 0
2261 WOODLARK CIRCLE
BETHLEHEM,PA18017
DAVID T DAVIS BOARD MEMBER
2.00 		0 0 0
2261 WOODLARK CIRCLE
BETHLEHEM,PA18017
PAIGE J BICKNELL BOARD MEMBER
2.00 		0 0 0
2261 WOODLARK CIRCLE
BETHLEHEM,PA18017
BRITIN E MILLER BOARD MEMBER
2.00 		0 0 0
2261 WOODLARK CIRCLE
BETHLEHEM,PA18017
MACY A MILLER BOARD MEMBER
2.00 		0 0 0
2261 WOODLARK CIRCLE
BETHLEHEM,PA18017
ABIGAIL E BICKNELL BOARD MEMBER
2.00 		0 0 0
2261 WOODLARK CIRCLE
BETHLEHEM,PA18017
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
14,231,717
b
Average of monthly cash balances.......................
1b
770,625
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
15,002,342
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
15,002,342
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
225,035
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
14,777,307
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
738,865
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
738,865
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
4,113
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,113
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
734,752
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
734,752
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
734,752
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
1,236,869
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
1,236,869
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 7 734,752
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 343,614
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$ 1,236,869
a Applied to 2022, but not more than line 2a 343,614
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..... 734,752
e Remaining amount distributed out of corpus 158,503
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 5 158,503
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 .......... 		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) ....... 		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 ...... 		158,503
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.... 158,503
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).)
JOANNE S DAVIS
DAVID T DAVIS
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

WADE'S ARMY

PO BOX 215
SKILLMAN,NJ08558 		  PC UNRESTRICTED SUPPORT 100,000

TURNING POINT OF LEHIGH VALLEY

444 E SUSQUEHANNA ST
ALLENTOWN,PA18103 		  PC UNRESTRICTED SUPPORT 100,000

HOMELAND HEROES FOUNDATION

10 DELAWARE DT STE 1
SALEM,NH03079 		  PC WAREHOUSE/OFFICE RENT EXPENSES 50,000

BOYS AND GIRLS CLUB OF BETHLEHEM

1430 FRITZ DR
BETHLEHEM,PA18017 		  PC UNRESTRICTED SUPPORT 25,000

RECLAM THE BAY

1623 WHITESVILLE RD
TOMS RIVER,NJ08755 		  PC UNRESTRICTED SUPPORT 20,000

TAILS OF VALOR PAWS OF HONOR INC

PO BOX 127
COOPERSBURG,PA18036 		  PC UNRESTRICTED SUPPORT 100,000

CAMP FREEDOM INC

284 NUMBER 7 RD
CARBONDALE,PA18407 		  PC UNRESTRICTED SUPPORT 100,000

RED FEATHER DEVELOPMENT GROUP

PO BOX 907
BOZEMAN,MT59771 		  PC UNRESTRICTED SUPPORT 100,000

THE LITERACY CENTER

1132 HAMILTON ST STE 300
ALLENTOWN,PA18101 		  PC UNRESTRICTED SUPPORT 50,000

MEALS ON WHEELS OF THE GREATER LEHIGH VALLEY

1302 N SHERMAN ST
ALLENTOWN,PA18109 		  PC UNRESTRICTED SUPPORT 50,000

NEW BETHANY INC

333 WEST 4TH STREET
BETHLEHEM,PA18015 		  PC UNRESTRICTED SUPPORT 50,000

THE PENNSYLVANIA STATE UNIVERSITY PHILANTHROPIC FUND

408 OLD MAIN
UNIVERSITY PARK,PA16802 		  GOV LEHIGH VALLEY LAUNCHBOX 25,000

COMMUNITY ACTION LEHIGH VALLEY - SEED FARM

1337 E 5TH STREET
BETHLEHEM,PA18015 		  PC UNRESTRICTED SUPPORT 50,000

EQUI LIBRIUM INC

524 FEHR ROAD
NAZARETH,PA18064 		  PC UNRESTRICTED SUPPORT 75,000

VICTORY HOUSE OF LEHIGH VALLEY

314 FILLMORE ST
BETHLEHEM,PA18015 		  PC UNRESTRICTED SUPPORT 75,000

YWCA OF BETHLEHEM PA

3895 ADLER PLACE BUILDING A SUITE
180
BETHLEHEM,PA18017 		  PC YOUTH EMPOWERMENT PROGRAMS 50,000

HAMMERHEADS SLED HOCKEY ASSOC

10990 DEACATUR RD
PHILADELPHIA,PA19154 		  PC TRAVEL EXPENSES 15,000

CNTR FOR ANIMAL HEALTH AND WELFARE

1165 ISLAND PARK RD
EASTON,PA18042 		  PC UNRESTRICTED SUPPORT 20,000

LEHIGH COUNTY HUMANE SOCIETY

640 DIXON STREET
ALLENTOWN,PA18103 		  PC UNRESTRICTED SUPPORT 20,000

LEHIGH GAP NATURE CENTER

8844 PAIN MILL RD
SLATINGTON,PA18080 		  PC UNRESTRICTED SUPPORT 20,000
Total .................................right arrow 3a 1,095,000
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 ........... 		    14 139,523  
4 Dividends and interest from securities ....     14 202,290  
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 45,907  
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) .. 0 387,720 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
387,720
(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 DAVIS & SMITH FAMILY FOUNDATION INC
EIN:
84-3207370
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARARATION & CONSULTING 7,700 5,775   1,925

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE DAVIS & SMITH FAMILY FOUNDATION INC
EIN:
84-3207370
Name of Bond End of Year Book Value End of Year Fair Market Value
WARNERMEDIA HOLDINGS INC COMPANY GUARNT GLB 06.41% MAR 15 2026 31,032 31,013
BP CAP MARKETS AMERICA COMP GUARNT SER * GLB 03.119% MAY 04 2026 21,721 19,353
TRUIST FINANCIAL CORP SER MTN VAR% JUL 28 2026 48,198 48,972
NEXTERA ENERGY CAP HLDGS INC DTD 04/06/20 1.875% DUE 01/15/27 48,957 45,084
GOLDMAN SACHS GROUP INC UNSECD DTD 01/26/17 3.850% DUE 01/26/27 39,763 34,046
CAPITALONEMULABS2022 A2A03.490%MAY1527 97,359 98,131
AMERICANEXPRESABS2022 3A03.750%AUG1527 72,914 73,731
PARKER-HANNIFINCORP 04.250%SEP152027 20,005 19,840
WORLD OMNI AUTO ABS 2022 D A3 05.610% FEB 15 28 75,056 75,576
UNITED TECHNOLOGIES CORP GLB 04.125% NOV 16 2028 28,378 24,437
TARGA RESOURCES PARTNERS COMPANY GUARNT GLB 06.150% MAR 01 2029 20,065 20,940
CAPITAL ONE FINANCIAL CO GLB VAR% JUN 08 2029 39,700 41,091
PHILIPMORRISINTL INC GLB 05.625%NOV172029 35,233 36,741
HCA INC. COMPANYGUARNT 03.500%SEP012030 35,868 36,294
APPLE INC GLB 03.350% AUG 08 2032 18,299 18,819
UNITED HEALTH GROUP INC GLB 0.4500% APRIL 15 2033 20,003 19,907
CONSTELLATION BRANDS INC GLB 0.4900% MAY 01 2033 20,025 20,157
MORGAN STANLEY SER MTN GLB VAR% JUN 21 2034 39,393 40,676
FNMA PMA4303 02%2036 89,425 77,787
JPMORGAN CHASE & CO UNSECD SR DTD 07/24/17 3.882% DUE 07/24/38 61,191 48,880
FNMA PAK0592 03 50%2042 63,232 56,746
COMM 2015-CCRE2 CMO 2015 CR26 A4 03.630%0CT10 48 71,689 72,220
LOUISVILLE GAS & ELEC CO DTD 04/01/19 4.250% DUE 04/01/49 37,182 27,173
FHLMC SD 8036 52,658 46,306
FNMA PMA 3937 03%2050 51,540 45,402
FNMA PCA5701 02 50% 2050 77,059 62,925
ENERGY TRANSFER OPER LP DTD 01/22/20 5.000% DUE 05/15/50 46,371 40,317
BALTIMORE GAS & ELEC CO DTD 06/05/20 2.900% DUE 06/15/50 7,867 5,451
FNMA PCA6423 03%2050 32,604 27,577
FNMAPFM4226 0250%2050 133,443 108,117
FNMAPFM7599 0350%2051 108,004 110,092
FHLMC SD 8189 02 50% 2052 68,478 67,121
FHLMC RA 7128 03 50% 2052 110,072 110,953
ANTHEMINC GLB 04.550% MAY15 2052 7,957 7,330
FHLMC RA 7519 03 50% 2052 120,956 121,045
FNMA PFS 3426 04% 2052 119,173 117,564
AMGEN INC GLB 05.650% MAR 02 2053 39,868 42,272
COMCAST CORP COMPANY GUARNT GLB 05.350% MAY 15 2053 18,909 20,781
META PLATFORMS INC GLB 05.600% MAY 15 2053 19,840 21,782
BANK OF NOVA SCOTIA SENIOR UNSECURED 01.350% JUN 24 2026 64,973 59,751
TORONTO-DOMINION BANK SER FXD 01.950% JAN 12 2027 54,408 50,842
AERCAP IRELAND CAP/GLOBA COMPANY GUARNT BLG 03.300% JAN 30 2032 30,287 26,140
PFIZER INVESTMENT ENTER COMPANY GUARNT GLB 05.300% MAY 19 2053 20,985 20,498

TY 2023 InvestmentsCorpStockSchedule
Name:
THE DAVIS & SMITH FAMILY FOUNDATION INC
EIN:
84-3207370
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOT LABS 57,959 73,417
ADOBE INC 38,681 67,416
AIRPRODUCTS&CHEM 21,330 23,821
ALPHABET INC 112,214 198,220
AMAZON COM INC 99,659 163,487
APPLE INC 92,239 363,112
AT&T 50,032 45,172
BECKTON DICKINSON CO 24,542 25,358
BERKSHIRE HATHAWAY INC DEL 81,737 127,684
BLACKROCK INC 34,970 55,202
BLACKSTONE INC 30,246 35,087
BOSTON SCIENTIFIC CORP 30,618 38,617
BRISTOL-MYERSSQUIBBCO 41,279 29,555
BROADCOM INC 39,608 146,229
CHEVRON CORP 39,967 72,492
CISCO SYS INC 35,087 37,385
COCA COLA CO 47,160 53,980
CONOCOPHILLIPS 43,612 87,285
COSTCO WHSL CORP NEW 44,024 97,032
CVS HEALTH CORP 91,835 85,119
DEERE & CO 31,510 67,578
DISNEY WALT CO 57,056 44,423
EQUINIX INC 20,007 23,356
EXXON MOBIL CORP 48,287 49,290
FREEPORT-MCMORAN INC 32,638 38,100
HOME DEPOT INC 54,985 84,905
HONEYWELL INTL INC 45,262 52,847
ISHARESRUSSELL1000 174,109 198,300
JOHNSON & JOHNSON 48,379 51,411
J P MORGAN CHASE & CO 86,750 107,843
KKR & CO INC CL A 34,644 44,739
MERCK AND CO INC SHS 94,090 133,004
META PLATFORMS INC CLASS A COMMON STOCK 24,474 26,193
MICROSOFT CORP 155,129 358,742
MONDELEZ INTL INC 42,718 58,668
MORGAN STANLEY 65,167 116,469
NEXTERA ENERGY INC 60,214 44,826
NIKE INC 35,545 40,062
NORTHRUP GRUMMAN 20,683 20,598
NVIDIA CORP 20,003 160,451
PALO ALTO NETWORKS INC 29,480 179,582
PAYPAL HOLDINGS INC 27,376 14,861
PNCFINCLSERVICESGROUP 47,089 34,686
PROLOGIS INC 33,244 49,588
PROCTOR & GAMBLE CO 48,014 47,332
RTX 33,396 31,132
SALESFORCE COM INC 47,417 69,206
SCHLUMBERGER LTD 20,890 20,087
SEMPRA 51,727 46,183
TARGET CORP 33,604 38,453
THERMO FISHER SCIENTIFIC INC 43,773 48,302
UNION PAC CORP 11,082 15,228
UNITEDHEALTH GROUP INC 90,776 121,088
VANGUARD GROWTH 261,833 652,226
VISA INC 79,542 106,744
WALMART INC 50,367 58,015
WASTEMANAGEMENT INCNEW 52,303 57,312
AMERICAN WTR WKS CO INC 16,798 18,083
CHENIEREENERGY 29,509 29,704
DUPONT DE NEMOURS INC 17,610 24,079
ELECTRONIC ARTS INC 14,955 18,880
GENERAL MOTORS INC 24,822 27,874
HERSHEY COMPANY 31,691 23,305
HESS COMPANY 12,068 12,830
HILTON WORLDWIDE HOLDINGS INC REG 15,235 22,943
ISHARES RUSSELL MID-CAP ETF 1,972,712 2,816,935
L3 HARRIS TECHNOLOGY 28,445 33,910
MARVELL TECHNOLOGY GROUP LTD 23,627 54,279
MGM RESORTS INTERNATIONL SHS 39,826 46,914
QUANTASERVICESINC 41,777 64,308
SYSCOCORPORATION 62,031 57,480
VALERO ENERGY CORP NEW 10,667 17,160
ISHARES RUSSELL 2000 ETF 772,293 976,454
SPDR S&P BIOTECH 30,226 28,037
ASML HOLDINGS NV 35,240 54,498
EATON CORP PLC 29,426 74,173
LVMH MOET HENNESSY ADR 22,256 23,718
VANGUARD FTSE DEVELOPED MARKETS 1,823,008 2,041,259

TY 2023 InvestmentsGovtObligationsSch
Name:
THE DAVIS & SMITH FAMILY FOUNDATION INC
EIN:
84-3207370
US Government Securities - End of Year Book Value:

1,469,632
US Government Securities - End of Year Fair Market Value:

1,396,469
State & Local Government Securities - End of Year Book Value:


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


0


TY 2023 OtherExpensesSchedule
Name:
THE DAVIS & SMITH FAMILY FOUNDATION INC
EIN:
84-3207370
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
WORKERS COMPENSATION INSURANCE 4,419 0   4,419
OFFICE EXPENSE 2,359 0   2,359
WEBSITE EXPENSE 326 0   326


TY 2023 OtherProfessionalFeesSchedule
Name:
THE DAVIS & SMITH FAMILY FOUNDATION INC
EIN:
84-3207370
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNT MANAGEMENT FEES 79,000 79,000   0


TY 2023 TaxesSchedule
Name:
THE DAVIS & SMITH FAMILY FOUNDATION INC
EIN:
84-3207370
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER TAXES AND LICENSES 25 0   25
PAYROLL TAXES 8,306 0   8,306
FOREIGN TAX WITHHELD 3,951 3,951   0