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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 04-01-2024 , and ending 03-31-2025
Name of foundation
THE HORACE SMITH FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)16 UNION AVE SUITE 2K
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WESTFIELD, MA01085
A Employer identification number

04-2235130
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$7,571,698J 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) 10,247
2 Check right arrow.............
3 Interest on savings and temporary cash investments 16,453 16,453  
4 Dividends and interest from securities... 126,989 126,989  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 477,724
b Gross sales price for all assets on line 6a 7,124,341
7 Capital gain net income (from Part IV, line 2)... 477,724
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........ 631,413 621,166  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 38,179 3,818 1,909 32,452
14 Other employee salaries and wages...... 60,864 6,086 3,043 51,734
15 Pension plans, employee benefits....... 34,656 3,466 1,733 29,457
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
16,000 8,000   8,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
40,624 40,624    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
8,390 1,053    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
6,800   6,800
20 Occupancy.............. 10,400   4,160 6,240
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 7,409     7,409
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
21,840   7,691 14,149
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 245,162 63,047 25,336 149,441
25 Contributions, gifts, grants paid....... 300,574 300,574
26 Total expenses and disbursements. Add lines 24 and 25 545,736 63,047 25,336 450,015
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 85,677
b Net investment income (if negative, enter -0-) 558,119
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 170,658 22,014 22,014
2 Savings and temporary cash investments......... 414,603 122,258 122,258
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   65,059    
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 7,921 6,913 6,913
10a Investments—U.S. and state government obligations (attach schedule) 1,685,204 Click to see attachment
List of Attached Documents:
// Content
1,694,725 		1,689,156
b Investments—corporate stock (attach schedule)....... 3,918,903 Click to see attachment
List of Attached Documents:
// Content
4,454,164 		5,146,431
c Investments—corporate bonds (attach schedule)....... 529,901 Click to see attachment
List of Attached Documents:
// Content
587,563 		565,221
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow47,575
Less: accumulated depreciation (attach schedule) right arrow42,726 11,649 Click to see attachment
List of Attached Documents:
// Content
4,849 		4,849
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
11,566 		Click to see attachment
List of Attached Documents:
// Content
14,856 		Click to see attachment
List of Attached Documents:
// Content
14,856
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,815,464 6,907,342 7,571,698
Liabilities 17 Accounts payable and accrued expenses..........   1,501
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,500 		Click to see attachment
List of Attached Documents:
// Content
6,200
23 Total liabilities (add lines 17 through 22)......... 1,500 7,701
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 6,813,964 6,899,641
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 6,813,964 6,899,641
30 Total liabilities and net assets/fund balances (see instructions). 6,815,464 6,907,342
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
6,813,964
2
Enter amount from Part I, line 27a .....................
2
85,677
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
6,899,641
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,899,641
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICALLY TRADED SECURITIES P    
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 7,124,341   6,646,617 477,724
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       477,724
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 477,724
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 3 477,724
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 7,758
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 7,758
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 7,758
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 1,640
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,640
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 6,118
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 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
 
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.HORACESMITHFUND.ORG
14
The books are in care ofright arrowJOSEPHINE SARNELLI Telephone no.right arrow (413) 739-4222

Located atright arrow16 UNION AVE SUITE 2KWESTFIELDMA ZIP+4right arrow01085
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, 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 (2024)
Form 990-PF (2024)
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
WAYNE L WEBSTER PRESIDENT
1.00 		0 0 0
16 UNION AVE STE 2K
WESTFIELD,MA01085
ANTHONY GIACOMONI TREASURER
1.00 		0 0 0
16 UNION AVE STE 2K
WESTFIELD,MA01085
JAMES W BRODERICK JR ASSISTANT TR
1.00 		0 0 0
16 UNION AVE STE 2K
WESTFIELD,MA01085
JOSEPHINE SARNELLI CLERK/ EXEC
10.00 		38,179 13,540 0
16 UNION AVE STE 2K
WESTFIELD,MA01085
TERESA REGINA TRUSTEE
1.00 		0 0 0
16 UNION AVE STE 2K
WESTFIELD,MA01085
KATHLEEN BOURQUE TRUSTEE
1.00 		0 0 0
16 UNION AVE STE 2K
WESTFIELD,MA01085
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 SCHOLARSHIPS WERE AWARDED TO ELIGIBLE STUDENTS FOR THE SCHOOL YEAR BEGINNING SEPTEMBER 2024: 69 SCHOLARSHIPS OF 3,000 EACH, 9 SCHOLARSHIPS OF 1,500 AND 1 SCHOLARSHIP OF 1,482: SCHOLARSHIPS AWARDED - 238,482 OTHER DISBURSEMENTS FOR CHARITABLE PURPOSES - 124,964 363,446
2 FELLOWSHIPS AWARDED TO ELIGIBLE STUDENTS. FOR THE SCHOOL YEAR BEGINNING SEPTEMBER 2024, 4 FELLOWSHIPS OF 7,500, 3 AT 5,000 AND 5 AT VARIOUS AMOUNTS EACH WERE AWARDED. FOURTEEN RECIPIENTS ATTENDED COLLEGE FOR THE WHOLE YEAR. FELLOWSHIPS AWARDED - 62,092 OTHER DISBURSEMENTS FOR CHARITABLE PURPOSES - 24,477 86,569
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
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
7,424,629
b
Average of monthly cash balances.......................
1b
356,588
c
Fair market value of all other assets (see instructions)................
1c
30,138
d
Total (add lines 1a, b, and c).........................
1d
7,811,355
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
7,811,355
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
117,170
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
7,694,185
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
384,709
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
384,709
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
7,758
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
7,758
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
376,951
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
376,951
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
376,951
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
450,015
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
450,015
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 376,951
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 92,222
b From 2020...... 77,429
c From 2021...... 29,930
d From 2022...... 98,248
e From 2023...... 97,223
f Total of lines 3a through e ........ 395,052
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 450,015
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 376,951
e Remaining amount distributed out of corpus 73,064
5 Excess distributions carryover applied to 2024.    
(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 5 468,116
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		92,222
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		375,894
10 Analysis of line 9:
a Excess from 2020.... 77,429
b Excess from 2021.... 29,930
c Excess from 2022.... 98,248
d Excess from 2023.... 97,223
e Excess from 2024.... 73,064
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
THE HORACE SMITH FUND
16 UNION AVE STE 2K
WESTFIELD,MA01085
(413) 739-4222
bThe form in which applications should be submitted and information and materials they should include:
THERE ARE THREE ASSISTANCE PROGRAMS OFFERED THROUGH THE HORACE SMITH FUND. DETAILED INFORMATION IS AVAILABLE ONLINE AT WWW.HORACESMITHFUND.ORG. STUDENTS MAY APPLY FOR THE WALTER S BARR SCHOLARSHIP AVAILABLE TO HIGH SCHOOL SENIORS WHO WILL BE ENTERING COLLEGE FOR THE FIRST TIME AND TO COLLEGE STUDENTS CONTINUING THEIR UNDERGRADUATE STUDIES. COLLEGE GRADUATES CONTINIUNG THEIR EDUCATION IN GRADUATE SCHOOL MAY APPLY FOR THE WALTER S BARR FELLOWSHIP. SPECIAL NEEDS STUDENTS MAY APPLY FOR THE WILLIAM R. ROONEY AWARD AVAILABLE TO HIGH SCHOOL SENIORS WHO WILL BE ENTERING COLLEGE FOR THE FIRST TIME. EACH APPLICATION MAY BE SUBMITTED ONLINE AT THE FUND'S WEBSITE OR MAILED IN WRITING. EACH APPLICATION MUST BE ACCOMPANIED BY THREE REFERENCES FROM UNRELATED INDIVIDUALS, A FINANCIAL PROFILE AND OTHER REQUIREMENTS AS NOTED ON THE WEBSITE.
cAny submission deadlines:
APPLICATION DEADLINES FOR ALL SCHOLARSHIPS, AWARDS AND FELLOWSHIPS IS MARCH 15TH.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
BARR SCHOLARSHIPS ARE AVAILABLE TO STUDENTS LIVING IN HAMPDEN COUNTY, MASSACHUSETTS SEEKING A COLLEGE EDUCATION. APPLICANTS MUST BE GRADUATES OF HAMPDEN COUNTY, MASSACHUSETTS SECONDARY SCHOOLS. FELLOWSHIP APPLICANTS MUST BE RESIDENTS OF HAMPDEN COUNTY OR QUALIFIED FORMER RESIDENTS. IT IS THE POLICY OF THE FUND TO PROVIDE SUPPLEMENTARY AID WHERE OTHER RESOURCES AVAILABLE TO THE PROSPECTIVE STUDENT ARE NOT ADEQUATE TO CARRY OUT THE PLANNED EDUCATIONAL PROGRAM.
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
FELLOWSHIP RECIPIENTS


16 UNION AVE
WESTFIELD,MA01085 		NONE INDIVIDUAL FELLOWSHIPS 62,092
SCHOLARSHIP RECIPIENTS


16 UNION AVE
WESTFIELD,MA01085 		NONE INDIVIDUAL SCHOLARSHIPS 238,482
Total .................................right arrow 3a 300,574
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
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 16,453  
4 Dividends and interest from securities ....     14 126,989  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    14 477,724  
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) ..   621,166  
13Total. Add line 12, columns (b), (d), and (e)..................
13
621,166
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
THE HORACE SMITH FUND
 
Employer identification number

04-2235130
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
THE HORACE SMITH FUND
  		Employer identification number
04-2235130
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
ESTATE OF SIDNEY S LETTER
32 BUCK ROAD SUITE 300
 
LEBANON, NH03766

$ 8,747


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
THE HORACE SMITH FUND
  		Employer identification number

04-2235130
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
THE HORACE SMITH FUND
  		Employer identification number

04-2235130
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL SERVICES 16,000 8,000   8,000

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

TY 2024 DepreciationSchedule
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
LAPTOP 2011-09-26 5,037 5,037 S/L 5.0000        
SERVER 2017-05-12 5,444 5,444 S/L 5.0000        
FIREWALL HARDWARE 2017-08-02 1,499 1,499 S/L 5.0000        
2 COMPUTERS 2017-12-07 2,458 2,458 S/L 5.0000        
CARPET & PADS 2019-03-06 2,268 2,268 S/L 5.0000        
FILING CABINETS 2019-05-16 2,407 2,167 S/L 5.0000 240      
COMPUTER/PHONE UPGRADE 2020-12-11 18,037 12,626 S/L 5.0000 3,607      
KONICA AC780 2023-02-28 3,925 1,178 S/L 5.0000 785      
WEBSITE 2022-04-01 6,500 3,250 S/L 3.0000 2,168   6,800  

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES 1.40% 6/30/30 9,805 8,658
AMAZON.COM 3.15% 8/22/27 23,809 21,513
AMAZON.COM 4.70% 12/1/2032 11,291 11,095
AMERICAN EXPRESS 5.09% 1/30/31 19,200 19,240
AUTO DATAPROCESS 1.25% 9/1/30 5,560 5,092
BANK OF AMERICA 3.25% 10/21/27 11,831 11,691
BERKSHIRE HATHAWAY 1.85% 3/12/2030 9,799 8,943
BK OF AMERICA 4.57% 4/27/33 11,534 11,596
BK OF AMERICA 1.32% 6/19/26    
BK OF AMERICA 2.50% 2/13/31 12,728 11,670
BK OF AMERICA 5.51% 1/24/36 6,033 6,106
BK OF NOVA SCOTIA 2.70% 8/3/26 21,277 19,544
BK OF NY MELLON 4.97% 4/26/34 9,051 8,920
BK OF NY MELLON 1.60% 4/24/25    
BRISTOL MYERS SQUIBB 3.40% 7/26/2029 20,882 19,191
CANADIAN IMP BK 5.26% 4/8/29 11,004 11,203
CISCO SYSTEMS 5.05% 2/26/2024 22,170 22,296
CITIGROUP 2.67% 01/29/2031 19,698 18,044
COCA COLA 3.45% 3/25/30 5,564 4,802
COMCAST CORP 2.35% 1/15/27 17,790 16,428
DUKE ENERGY CAROLINA 2.45% 2/01/30 7,208 6,366
EQUINOR ASA 2.88% 4/06/25    
ELI LILLY 4.75% 2/12/30 6,065 6,092
FLORIDA PWR LIGHT 2.45% 2/3/32 10,647 11,225
GENERAL DYNAMICS 3.75% 5/15/28 8,806 8,847
GEORGIA POWER 4.95% 5/17/33 6,875 6,952
GOLDMAN SACHS GRP 5.54% 1/28/36 8,992 9,126
GOLDMAN SACHS 3.10% 2/24/33 5,129 5,288
HOME DEPOT 2.5% 4/15/27 6,109 5,801
JOHNSON & JOHNSON .95% 9/01/27    
JP MORGAN CHASE 2.52% 4/22/31 11,691 10,768
JP MORGAN CHASE 3.2% 6/15/26 30,418 30,627
KENVUE INC 4.9% 3/22/33 11,228 11,018
KIMBERLY-CLARK 3.10% 3/26/30 6,539 5,624
MANULIFE FINANCIAL 4.15% 3/4/26 13,773 12,960
MERCK CO INC .75% 2/24/26    
MERCK CO INC 2.15% 12/10/31 11,231 11,186
MICROSOFT CORP 2.4% 8/8/26    
MORGAN STANLEY 3.13% 07/27/2026 13,323 12,775
MORGAN STANLEY 5.83% 4/19/35 11,016 11,399
MORGAN STANLEY 5.59% 1/18/36 9,058 9,191
PEPSICO INC 2.75% 3/19/30 11,505 10,171
PROCTER & GAMBLE 3.45% 3/25/30 14,444 12,238
ROYAL BK OF CANADA 1.15% 6/10/25    
ROYAL BK OF CANADA 5.20% 8/1/28 9,181 9,174
SHELL INTL FIN 2.5% 9/12/26 19,251 19,542
STATE STREET CORP 3.55% 8/18/25    
STATE STREET 5.15% 2/28/36 16,031 16,038
STATE STREET CORP 4.53% 2/20/29 8,971 9,005
TOTAL CAP INT'L SA 3.46% 02/19/2029 20,841 19,398
TOYOTA MOTOR CR 1.90% 4/26/2028 5,935 5,577
TRUIST FINANCIAL 1.27% 3/2/2027 11,715 11,633
US BANCORP 3.15% 4/27/27 12,019 11,724
WELLS FARGO & CO 3% 10/23/26 16,572 16,624
WELLS FARGO & CO 4.15% 01/24/2029 13,964 12,820

TY 2024 InvestmentsCorpStockSchedule
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
Name of Stock End of Year Book Value End of Year Fair Market Value
ALPHABET INC CL-C 126,809 195,131
AMAZON.COM INC. 108,728 146,310
AMERICAN EXPRESS 122,158 190,487
AMERICAN TOWER CORPORATION    
AMETEK AERSPACE PRODUCTS    
APPLE 97,571 102,402
APPLIED MATERIALS 135,188 115,516
ASBURY AUTOMOTIVE GROUP 29,135 21,421
BERKSHIRE HATHAWAY INC 127,402 220,488
BOEING COMPANY    
BOOKING HOLDINGS 95,826 138,207
BJS WHOLESALE    
BROADCOM LTD    
BROOKFIELD INFRASTRUCTURE 98,147 93,624
BUILDERS FIRSTSOURCE 62,116 45,728
CARMAX, INC.    
CASEY'S GENERAL STORES    
CELANESE CORPORATION    
CHARLES RIVER LABORATORIES INTL    
CHENIERE ENERGY INC. 99,583 134,675
CHEVRON CORPORATION    
CONSTELLATION BRANDS INC 26,790 27,344
CUBESMART    
CURTISS WRIGHT CORPORATION    
CVS HEALTH 31,590 33,062
DAVITA HEALTH CARE PARTNERS 99,340 93,618
EVERCORE INC 44,467 30,557
FACEBOOK, INC. 76,494 178,672
GENERAL HEALTHCARE TECHNOLOGIES 112,102 105,811
GILEAD SCIENCES    
GODADDY    
GRAPHIC PACKAGING HOLDING CO 54,080 50,285
HCA HOLDINGS 178,070 209,058
HUNTINGTON INGALLS INDUSTRIES    
JACOB SOLUTIONS    
JOHNSON CONTROLS INTERNATIONAL    
JONES LANG LASALLE 75,815 82,554
JP MORGAN CHASE 345,035 435,162
KENVUE INC W/I 183,295 188,723
LIVE NATION ENTERTAINMENT, INC    
LPL FINANCIAL HOLDINGS    
MARATHON OIL CORPORATION    
MARKEL CORPORATION 284,406 332,791
MERCK & CO INC    
MUELLER INDUSTRIES INC 67,992 65,252
MICROSOFT CORP 102,828 115,620
MIDDLEBY CORP 131,266 141,037
ON SEMICONDUCTOR CORPORATION    
NVR, INC 82,623 101,421
OCCIDENTAL PETROLEUM CORPORATION    
PAYPAL HOLDINGS 90,734 67,403
POST HOLDINGS INC. 157,677 166,162
RELIANCE STEEL & ALUMINUM 104,093 116,078
SALESFORCE INC 130,312 141,694
SCHWAB CHARLES CORP 38,481 37,026
SITIO ROYALIES CORP 123,583 104,675
STARBUCKS 72,301 77,393
THERMO FISHER SCIENTIFIC    
UBER TECHNOLOGIES 129,438 171,002
UNION PACIFIC 179,575 189,937
UNITED THERAPUTICS CORPORATION 107,593 136,255
UNITEDHEALTH GROUP 88,965 91,656
UNITED RENTALS, INC. 138,294 122,207
VIPER ENERGY PARTNERS 94,262 129,987
VISA, INC.    
WALMART, INC.    
WELLS FARGO COMPANY    

TY 2024 InvestmentsGovtObligationsSch
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
US Government Securities - End of Year Book Value:

1,694,725
US Government Securities - End of Year Fair Market Value:

1,689,156
State & Local Government Securities - End of Year Book Value:


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


 


TY 2024 LandEtcSchedule2
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND BUILDINGS AND EQUIMENT 47,575 42,726 4,849 4,849


TY 2024 OtherAssetsSchedule
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INTEREST - INVESTMENTS 11,566 14,223 14,223
DIVIDENDS RECEIVABLE   633 633


TY 2024 OtherExpensesSchedule
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
COMPUTER EXPENSE 4,646   1,858 2,788
CSS PROFILE FEES 349     349
DUES 400     400
INSURANCE 3,495   1,398 2,097
OFFICE EXPENSE 6,868   2,747 4,121
POSTAGE 635     635
TELEPHONE 4,220   1,688 2,532
MEALS AND ENTERTAINMENT 976     976
MILEAGE REIMBURSEMENT 251     251


TY 2024 OtherLiabilitiesSchedule
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
Description Beginning of Year - Book Value End of Year - Book Value
ACCRUED FEDERAL EXCISE TAX 1,500 6,200


TY 2024 OtherProfessionalFeesSchedule
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AGENT FEES - TD BANK 40,624 40,624    


TY 2024 TaxesSchedule
Name:
THE HORACE SMITH FUND
EIN:
04-2235130
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN EXCISE TAXES 1,053 1,053    
FEDERAL EXCISE TAXES 7,337