Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
RUSSELL H & MAXINE E SMITH CHARITABLE
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address) 1000 ADAMS 200
  Room/suite
City or town
BAY CITY
State or province
MI
Country  
ZIP or foreign postal code
48708
A Employer identification number

38-2978504
B Telephone number (see instructions)

9898934438
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$2,951,851J Accounting method:
Modified Cash
(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 .................
3 Interest on savings and temporary cash investments 6,673 6,673  
4 Dividends and interest from securities... 52,589 52,589  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 80,297
b Gross sales price for all assets on line 6a 569,699
7 Capital gain net income (from Part IV, line 2)... 87,814
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........ 139,559 147,076  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,250 0   2,250
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
18,752 18,752   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,199 421   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 580 0   580
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,971 0   4,971
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 28,752 19,173   7,801
25 Contributions, gifts, grants paid....... 93,500 93,500
26 Total expenses and disbursements. Add lines 24 and 25 ................ 122,252 19,173   101,301
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 17,307
b Net investment income (if negative, enter -0-) 127,903
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 124,129 123,269 123,269
3 Accounts receivable  
Less: allowance for doubtful accounts        
4 Pledges receivable  
Less: allowance for doubtful accounts        
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)  
Less: allowance for doubtful accounts        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 247,968 Click to see attachment
List of Attached Documents:
// Content
198,554 		200,001
b Investments—corporate stock (attach schedule)....... 1,201,620 Click to see attachment
List of Attached Documents:
// Content
1,165,195 		2,042,552
c Investments—corporate bonds (attach schedule)....... 478,946 Click to see attachment
List of Attached Documents:
// Content
582,634 		585,106
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 160 Click to see attachment
List of Attached Documents:
// Content
160 		160
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe ) Click to see attachment
List of Attached Documents:
// Content
384 		Click to see attachment
List of Attached Documents:
// Content
763 		Click to see attachment
List of Attached Documents:
// Content
763
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,053,207 2,070,575 2,951,851
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe ) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
61
23 Total liabilities (add lines 17 through 22)......... 0 61
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
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
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 2,053,207 2,070,514
29 Total net assets or fund balances (see instructions)..... 2,053,207 2,070,514
30 Total liabilities and net assets/fund balances (see instructions). 2,053,207 2,070,575
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
2,053,207
2
Enter amount from Part I, line 27a .....................
2
17,307
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
2,070,514
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
2,070,514
Form 990-PF (2025)
Form 990-PF (2025)
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 350 SHS AFLAC INC   2024-08-13 2025-03-04
b 1251.68 SHS BUFFALO FDS   2024-04-09 2025-03-04
c 200 SHS COMCAST CORP NEW   2024-08-13 2025-03-04
d 329.32 SHS CULLEN FDS TR   2024-08-13 2025-03-04
e 1448.53 SHS HARTFORD MUT FDS INC   2024-04-09 2025-03-04
25 SHS T-MOBILE US INC   2025-03-04 2025-11-04
458 SHS AT&T INC   1998-02-19 2025-03-04
929 SHS AT&T INC   2024-01-26 2025-03-04
106 SHS APPLE INC   2009-09-24 2025-03-04
300 SHS ARCHER-DANIELS MIDLAND CO   2020-05-04 2025-03-04
25000 SHS CATERPILLAR FINL SVCS CORP MEDIUM TERM   2020-12-21 2025-11-13
211 SHS CISCO SYS INC   2013-10-24 2025-03-04
800 SHS COMCAST CORP NEW   2023-10-20 2025-03-04
110 SHS CONSTELLATION BRANDS INC   2014-08-13 2025-03-04
25000 SHS DISNEY WALT CO NEW MEDIUM TERM NTS   2021-01-06 2025-09-17
102.9 SHS DRIEHAUS MUT FDS   2023-02-02 2025-03-04
631.58 SHS HARTFORD MUT FDS II INC   2023-06-05 2025-03-04
275 SHS LAM RESH CORP   2019-07-02 2025-03-04
633.78 SHS MFS SER TR XIII   2023-02-02 2025-11-04
1393.4 SHS MFS SER TR XIII   2022-08-05 2025-03-04
25000 SHS METLIFE INC   2020-12-21 2025-03-01
221.85 SHS NEW WORLD FD INC NEW   2023-06-05 2025-03-04
1300 SHS PFIZER INC   2024-02-20 2025-11-04
20000 SHS PHILLIPS 66   2021-01-14 2025-12-31
116 SHS QUALCOMM INC   2011-06-28 2025-03-04
67 SHS TRAVELERS COS INC   2021-01-04 2025-03-04
50000 SHS US TREASURY N/B .25% 08/31/2025   2021-01-06 2025-08-31
226.42 SHS VANGUARD TAX-MANAGED INTL FD   2018-05-08 2025-03-04
CAPITAL GAINS DIVIDENDS P    
(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 37,817   35,572 2,245
b 28,000   27,612 388
c 7,130   7,858 -728
d 4,100   4,172 -72
e 28,000   27,044 956
5,132   6,634 -1,502
11,981   14,353 -2,372
24,297   15,302 8,995
25,148   694 24,454
13,824   10,413 3,411
25,000   25,000 0
13,338   4,728 8,610
28,520   35,067 -6,547
18,880   10,352 8,528
25,000   25,000 0
3,800   3,539 261
12,000   10,484 1,516
20,930   5,149 15,781
11,116   12,042 -926
22,782   26,012 -3,230
25,000   25,000 0
17,396   16,000 1,396
31,785   35,903 -4,118
20,000   20,000 0
17,933   6,177 11,756
17,250   8,920 8,330
50,000   49,716 284
19,873   13,142 6,731
3,667     3,667
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       2,245
b       388
c       -728
d       -72
e       956
      -1,502
      -2,372
      8,995
      24,454
      3,411
      0
      8,610
      -6,547
      8,528
      0
      261
      1,516
      15,781
      -926
      -3,230
      0
      1,396
      -4,118
      0
      11,756
      8,330
      284
      6,731
      3,667
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 87,814
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 and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 1,778
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 1,778
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 1,778
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 1,720
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 1,720
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 3
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 61
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax   Refunded 11  
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 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)
MI
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 2025 or the taxable year beginning in 2025? 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 addressRUSSELLANDMAXINESMITHFOUNDATION.ORG
14
The books are in care ofMADI SYRING Telephone no. (989) 893-4438

Located atPERE MARQUETTE DEPOT-1000 ADAMSSTREETBAY CITYMI ZIP+448708
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, 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
Form 990-PF (2025)
Form 990-PF (2025)
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 ........
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 2025? .............
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 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.
20, 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 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
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 .........
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
DOMINIC MONASTIERE TTEE/PRESIDENT
0.00 		0 0 0
1000 ADAMS SUITE 200
BAY CITY,MI48708
JEAN MANNING TTEE/V-P
0.00 		0 0 0
1000 ADAMS SUITE 200
BAY CITY,MI48708
THOMAS H TABOR TTEE/SECRETARY
0.00 		0 0 0
1000 ADAMS SUITE 200
BAY CITY,MI48708
HEATHER GALLEGOS TTEE
0.00 		0 0 0
1000 ADAMS SUITE 200
BAY CITY,MI48708
G MATTHEW JEFFREY TTEE
0.00 		0 0 0
1000 ADAMS SUITE 200
BAY CITY,MI48708
BARBARA ENGELHARDT-CARTER TTEE/TREASURER
0.00 		0 0 0
1000 ADAMS SUITE 200
BAY CITY,MI48708
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................... 0
Form 990-PF (2025)
Form 990-PF (2025)
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.........................0
Form 990-PF (2025)
Form 990-PF (2025)
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
2,691,794
b
Average of monthly cash balances.......................
1b
163,205
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
2,854,999
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
2,854,999
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
42,825
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,812,174
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
140,609
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
140,609
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
1,778
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,778
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
138,831
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
138,831
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
138,831
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, line 26, column (d) ..........
1a
101,301
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
101,301
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 138,831
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022...... 5,741
d From 2023...... 17,075
e From 2024......  
f Total of lines 3a through e ........ 22,816
4Qualifying distributions for 2025 from Part
XI, line 4: $ 101,301
a Applied to 2024, but not more than line 2a 0
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 2025 distributable amount..... 101,301
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 22,816 22,816
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		14,714
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 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 ....  
e Excess from 2025 ....  
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
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) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c 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).)
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 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, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
RUSSELL H MAXINE E SMITH CHARITABLE
PERE MARQUETTE DEPOT - 1000 ADAMS
STREET SUITE 200
BAY CITY,MI48708
(989) 893-4438
bThe form in which applications should be submitted and information and materials they should include:
INFORMATION TO BE INCLUDED IN GRANT REQUESTS: COVER LETTER(INCLUDE AMOUNT BEING REQUESTED) - ORGANIZATIONAL MISSION - EXECUTIVE SUMMARY(INCLUDING BENEFITS TO THE COMMUNITY & ANTICIPATED OUTCOMES)- PROJECT INFORMATION (INCLUDING PROJECT DESCRIPTION, FUNDING GOALS WITH NAME OF ALL SOURCES & DOLLAR AMOUNTS, BENEFITS TO THE ORGANIZATIO/COMMUNITY, SEGMENT OF THE COMMUNITY SERVED) - FINANCES OF THE ORGANIZATION (INCLUDING PROGRAM BUDGET TO INCLUE ALL SOURCES OF REVENUE, CURRENT BALANCE SHEET, CURRENT INCOME STATEMENT, COPY OF THE ORGANIZATION'S FEDERAL TAX EXEMPT RULING FROM THE IRS, COPY OF THE MOST RECENT FORM 990, & PRIMARY SOURCES OF REVENUE FOR THE ORGANIZATION) - GOVERNANCE (THE BOARD OF DIRECTORS/TRUSTEES NAMES & OCCUPATIONS) - OTHER ATTACHMENTS(LETTERS OF SUPPORT & ANY ADDITIONAL INFORMATION OR DOCUMENTATION WHICH THE APPLICANT DEEMS PERTINENT) SIX COPIES OF THE ABOVE SHOULD BE PROVIDED. IF THE INFORMATION REQUESTED IS NOT AVAILABLE, PLEASE EXPLAIN WHY IN YOUR APPLICATION.
cAny submission deadlines:
REQUESTS MUST BE RECEIVED BY THE LAST DAY OF THE MONTH PRECEEDING THE NEXT SCHEDULED BOARD MEETING.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
MUST BE TO A CHARITABLE ORGANIZATION FOR THE SUPPORT OF PROGRAMS AND PROJECTS WHICH BENEFIT THE RESIDENTS OF BAY COUNTY.
Form 990-PF (2025)
Form 990-PF (2025)
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

BAY AREA COMMUNITY FOUNDATION

1000 ADAMS ST
BAY CITY,MI48708 		N/A   SCHOLARSHIP ENDOWMENT 10,000

HIDDEN HARVEST

940 E GENESEE AVE 2
SAGINAW,MI48607 		N/A   HUNGER SOLUTION CENTER EXPANSION PROJECT 25,000

ANTIQUE TOY AND FIREHOUSE MUSEUM

3456 PATTERSON RD
BAY CITY,MI48706 		N/A   REIGNITING HISTORY THE RENOVATION OF FIRE STATION NO 3 25,000

BAY CITY IN BLOOM

1111 NORTH WATER ST UNIT 101
BAY CITY,MI48708 		N/A   IRRIGATION SYSTEM REPAIR, REPLACE, AND UPGRADE 8,000

TONI & TRISH HOUSE FOR THE CARE OF THE TERMINALLY ILL

4699 11 MILE RD
AUBURN,MI48611 		N/A   FAMILY ROOM ENHANCEMENTS 15,000

BAY AREA WOMEN'S CENTER

3411 E MIDLAND RD
BAY CITY,MI48706 		N/A   SECURITY GATE AND FENCING 7,500

FOSTER FAMILIES NAVIGATION & RESOURCE CENTER

1501 W THOMAS ST
BAY CITY,MI48706 		N/A   FACILITY IMPROVEMENT 3,000
Total ................................. 3a 93,500
bApproved for future payment

CAN COUNCIL GREAT LAKES BAY REGION
1311 N MICHIGAN AVE
SAGINAW,MI48602 		N/A   CREATING SAFE SPACES AT THE CHILDREN'S ADVOCACY CENTER 3,200
Total ................................. 3b 3,200
Form 990-PF (2025)
Form 990-PF (2025)
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 6,673  
4 Dividends and interest from securities ....     14 52,589  
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 .....     15    
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 80,297  
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) .. 0 139,559 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
139,559
(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.)
11A 2021 TAX REFUND
Form 990-PF (2025)
Form 990-PF (2025)
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 AccountingFeesSchedule
Name:
RUSSELL H & MAXINE E SMITH CHARITABLE
 
FOUNDATION
EIN:
38-2978504
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION AND ACCOUNTING 2,250 0   2,250

TY 2025 InvestmentsCorpBondsSchedule
Name:
RUSSELL H & MAXINE E SMITH CHARITABLE
 
FOUNDATION
EIN:
38-2978504
Name of Bond End of Year Book Value End of Year Fair Market Value
ALTRIA GROUP INC 2.625% 25,270 24,740
BANK OF MONTREAL 5.203% 25,222 25,630
BRISTOL-MYERS SQUIBB CO 3.2% 24,936 24,906
CHARLES SCHWAB CORP 3.2% 24,789 24,798
CINTAS CORPORATION 3.7% 25,006 24,932
JP MORGAN CHASE & CO 4.125% 12/15/26 25,643 25,031
MERCK & CO INC 5.95% 25,756 26,451
PACCAR FINANCIAL CORP SERIES MTN 4.95% 25,075 25,697
PHILLIPS 66 1.3% 2/15/26 5,010 4,980
PUBLIC STORAGE 5.125% 24,616 25,815
ROYAL BANK OF CANADA SERIES GMTN 4.24% 25,323 25,172
SIMON PROPERTY GROUP LP 3.3% 25,258 24,992
SOUTHERN CALIF GAS CO SERIES TT 2.6% 25,171 24,848
TEXAS INSTRUMENTS INC 2.9% 24,732 24,662
UNITED HEALTH GROUP INC 3.85% 24,722 24,956
INTERCONTINENTAL EXCHANGE 4.35 24,742 25,211
JOHN DEERE CAPITAL CORP 4.4% 50,679 50,462
JOHN DEERE CAPITAL CORP SERIES 49,901 50,533
META PLATFORMS INC 4.55% 50,562 50,886
GE AEROSPACE 4.3% 50,221 50,404

TY 2025 InvestmentsCorpStockSchedule
Name:
RUSSELL H & MAXINE E SMITH CHARITABLE
 
FOUNDATION
EIN:
38-2978504
Name of Stock End of Year Book Value End of Year Fair Market Value
ALPHABET IN CL A 6,908 79,815
APPLE INC 1,271 52,741
BOOKING HOLDINGS INC 27,596 53,553
CHEVRON CORP 7,255 19,051
CISCO SYSTEMS INC 10,958 37,668
COSTCO WHOLESALE CORP 24,769 43,117
DIGITAL REALTY TRUST INC 20,784 30,942
DOW INC 19,363 8,183
DR HORTON INC 16,465 54,011
DRIEHAUS EMERGING MKTS GROWTH 38,461 51,281
EOG RESOURCES INC 18,429 21,002
EXELON CORP 14,345 21,795
EXXON MOBIL CORP COM 6,520 18,051
FIDELITY ADVISORY SM CP GWTH 12,868 20,189
GENUINE PARTS CO 5,411 9,222
HARTFORD SCHRODERS INTL STOCK FUND CL F 36,743 47,491
JOHNSON & JOHNSON 16,354 47,599
JP MORGAN CHASE & CO 11,138 64,444
LAM RESEARCH CORP 10,766 98,429
LOCKHEED MARTIN CORPORATION 26,260 33,857
MCDONALDS CORP 6,396 35,147
MFS NEW DISCOVERY VALUE FUND R6 7,958 7,070
MICROSOFT CORP 32,421 72,543
NORFOLK SOUTHERN CORP 14,434 43,308
NVIDIA CORP 9,690 111,900
PPL CORPORATION 17,528 21,012
QUALCOMM INCORPORATED 9,761 31,473
SALESFORCE.COM INC 33,249 37,087
SBC COMMUNICATIONS INC/AT&T NEW 10,617 15,227
STRYKER CORPORATION 17,153 35,147
TRAVELERS COMPANIES INC 16,567 38,578
UNITED HEALTH GROUP INC 14,901 21,457
UNITED PARCEL SERVICES 18,620 19,838
VISA INC CL A 27,389 45,592
REGIONS FINANCIAL HOLDING COMPANY 32,742 46,070
DEERE & CO W/1 RT/SH 23,652 27,934
ORACLE CORPORATION 33,608 48,728
PALO ALTO NETWORKS INC 33,173 36,840
SHERWIN WILLIAMS CO W 1 RT SH 14,788 16,202
META PLATFORMS INC- CLASS A 34,086 46,206
BUFFALO INTERNATIONAL FUND: INSTITUTIONAL CLASS SHARES 40,388 43,757
CULLEN EMERGING MARKET HIGH DIVIDEND CLASS 1 40,828 52,331
HARTFORD INTERNATIONAL VALUE FUND-1 40,956 52,912
AMAZON.COM INC 35,661 40,394
WALMART INC. 29,292 33,980
BERKSHIRE HATHAWAY INC CL B 24,888 25,133
FISERV INC 23,283 6,919
INTUITIVE SURGICAL INC 15,060 15,292
ELI LILLY & CO W/1 RT/SH 17,318 20,419
EMERSON ELECTRIC CO 14,783 17,121
GE AEROSPACE 15,146 23,410
ADVANCED MICRO DEVICES 8,934 7,496
ANALOG DEVICES INC 8,771 10,306
ARISTA NETWORKS INC 12,565 19,392
BROADCOM INC 12,846 23,535
CORNING INC 8,804 9,019
CROWDSTRIKE HOLDINGS INC - A 13,475 16,407
PALANTIR TECHNOLOGIES INC 8,261 7,643
SERVICENOW INC 14,265 12,255
NETFLIX INC 29,252 28,128
T-MOBILE US INC 9,022 6,903

TY 2025 InvestmentsGovtObligationsSch
Name:
RUSSELL H & MAXINE E SMITH CHARITABLE
 
FOUNDATION
EIN:
38-2978504
US Government Securities - End of Year Book Value:

198,554
US Government Securities - End of Year Fair Market Value:

200,001
State & Local Government Securities - End of Year Book Value:


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


0


TY 2025 InvestmentsOtherSchedule2
Name:
RUSSELL H & MAXINE E SMITH CHARITABLE
 
FOUNDATION
EIN:
38-2978504
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ROYALTY INTERESTS AT COST 160 160

TY 2025 OtherAssetsSchedule
Name:
RUSSELL H & MAXINE E SMITH CHARITABLE
 
FOUNDATION
EIN:
38-2978504
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INTEREST 278 763 763
FEDERAL INCOME TAX RECEIVABLE 106 0 0


TY 2025 OtherExpensesSchedule
Name:
RUSSELL H & MAXINE E SMITH CHARITABLE
 
FOUNDATION
EIN:
38-2978504
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADMINISTRATIVE ASSISTANT SERVICES AND EXPENSES 3,318 0   3,318
MISC EXPENSES 150 0   150
MEMBERSHIP DUES 1,500 0   1,500
PENALTY 3 0   3


TY 2025 OtherLiabilitiesSchedule
Name:
RUSSELL H & MAXINE E SMITH CHARITABLE
 
FOUNDATION
EIN:
38-2978504
Description Beginning of Year - Book Value End of Year - Book Value
FEDERAL INCOME TAX PAYABLE 0 61


TY 2025 OtherProfessionalFeesSchedule
Name:
RUSSELL H & MAXINE E SMITH CHARITABLE
 
FOUNDATION
EIN:
38-2978504
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TRUSTEE FEES 18,752 18,752   0


TY 2025 TaxesSchedule
Name:
RUSSELL H & MAXINE E SMITH CHARITABLE
 
FOUNDATION
EIN:
38-2978504
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 421 421   0
FEDERAL TAX 1,778 0   0