Donald And Paula Smith Family Foundation Inc in New York, New York (NY)

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Donald And Paula Smith Family Foundation Inc
Employer Identification Number (EIN)223732524
Name of OrganizationDonald And Paula Smith Family Foundation Inc
In Care of NameDonald Smith & Co Inc
Address152 W 57th St, New York, NY 10019-3386
SubsectionCharitable Organization
Ruling Date11/2001
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period08/2012
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$70,869,511
Amount of Income$119,444,793
Form 990 Revenue Amount$8,716,018
National Taxonomy of Exempt Entities (NTEE)Public, Society Benefit - Multipurpose and Other: Citizen Participation


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Amount of income in 2012: $119,444,793 (it was $73,217,645 in 2011)
Donald And Paula Smith Family Foundation Inc: 

 $119,444,793
Other organizations performing similar types of work: 

 $118,400

Assets in 2012: $70,869,511 (it was $66,093,210 in 2011)
Donald And Paula Smith Family Foundation Inc: 

 $70,869,511
Other organizations performing similar types of work: 

 $43,488

Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$8,716,018$609,871$609,871
Contributions, gifts, grants, etc., received$8,810,000
Interest on savings and temporary cash investments$99,678
Dividends and interest from securities$244,976
Gross rents$0
Gross profit from sales of goods$0
Other income$265,217
Total expenses and disbursements$3,768,450$442,913$0$3,356,741
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$2,252,600$442,913$1,840,891
Contributions, gifts, grants paid$1,515,850
Excess of revenue over expenses and disbursements$4,947,568
Net investment income$166,958
Adjusted net income$609,871
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$66,093,210$72,117,655
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$-7,770,183
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$12,939,706
Other$60,923,687
Total liabilities$0
Total liabilities and net assets/fund balances$66,093,210
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$-703,853
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$1,670
Total credits and payments$20,000
2011 estimated tax payments and 2010 overpayment credited to 2011$20,000
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Overpayment$18,330
Amount to be credited to 2012 estimated tax$1,680
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
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 2011 or the taxable year beginning in 2011?Yes
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?Yes
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$73,979,593
Net value of noncharitable-use assets$72,869,900
Minimum investment return$3,643,495
Distributable Amount (for 2011)
Distributable amount$0
Undistributed Income (for 2011)
Distributable amount for 2011$0
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
The lesser of the adjusted net income or the minimum investment return$609,871$1,810,032$2,989,542$1,286,241$6,695,686
Qualifying distributions made directly for active conduct of exempt activities$3,356,741$2,980,870$2,202,795$1,338,143$9,878,549
Value of all assets$66,093,210$61,891,909$57,936,305$42,927,768$228,849,192
Value of assets qualifying under section 4942(j)(3)(B)(i)$66,093,210$61,891,909$57,936,305$42,927,768$228,849,192
2/3 of minimum investment return$2,428,997$2,204,627$1,993,028$1,252,782$7,879,434
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Hamilton Foundation7261 Engle Rd Ste 202, Cleveland, OH 44130-3479OH2002-08$2,063,159
2Consortium For Elections And Political Process Strengthening1225 Eye Steet Nw No 700, Washington, DC 20005-5962DC1997-07$130,040,855
3Donald And Paula Smith Family Foundation Inc152 W 57th St, New York, NY 10019-3386NY2001-11$119,444,793
4Center For Individual Freedom815 King St Ste 303, Alexandria, VA 22314-3090VA1999-08$7,000,506
5David Matthews Center For Civic LifePO BOX 6, Montevallo, AL 35115-0006AL2006-06$4,863,666
6American Majority IncPO BOX 87, Purcellville, VA 20134-0087VA2008-08$2,957,701
7American Future Fund4225 Fleur Dr Ste 142, Des Moines, IA 50321-2325IA2008-10$2,608,341
8One Voice, Cprti1072 Lynch S, Jackson, MS 39203-3344MS2007-09$1,558,727
9Coalition For A Conservative Majority Inc1747 Pennsylvania Ave Nw 1000, Washington, DC 20006-4636DC2007-05$1,544,292
10Riley Inaugural Committee IncPO BOX 950, Aubum, AL 36831-0950AL2004-02$1,036,775
11Committee For A Unified Independent Party225 Broadway Ste 2010, New York, NY 10007-3738NY2000-04$692,316
12Music For America660 York St, San Francisco, CA 94110-2101CA2006-01$542,371
13International Policy Network410 Const Ave Ne, Washington, DC 20002-5924DC2002-03$533,816
14Courage Campaign777 S Figueroa St Ste 4050, Los Angeles, CA 90017-5864CA2009-03$500,060
15Building Wisconsins Future Inc4109 Iroquois Drive, Madison, WI 53711WI2006-09$440,250
16Public Policy Institute Inc59 Richfield St # 1, Dorchester, MA 02125-2513MA2005-01$429,134
17Oklahomans For Responsible Government Inc19205 Everwood Drive, Edmond, OK 73012OK2009-02$388,110
18Endowment For Middle East Truth1050 Connecticut Ave Nw Ste 10, Washington, DC 20036-5350DC2006-10$327,472
19Minnesota E-Democracy3211 E 44th St, Minneapolis, MN 55406-3859MN1996-09$326,977
20Maryland Public Policy InstitutePO BOX 195, Germantown, MD 20875-0195MD2000-01$323,314
21Georgia Wand Education Fund Inc250 Georgia Ave Se, Atlanta, GA 30312-3046GA2006-10$311,512
22Common Sense Issues Coalition IncPO BOX 54984, Cincinnati, OH 45254-0984OH2007-09$286,000
23Growth & Justice2324 Univ Ave W Ste 120a, Saint Paul, MN 55114-8758MN2003-02$258,183
24Brave New Films 501c410510 Culver Blvd, Culver City, CA 90232-3423CA2008-08$251,464
25E-Thepeople, Reents Scott Ttee244 Fifth Avenue G 262, New York, NY 10001NY2000-10$192,030
26Black Equity Alliance Of New York Inc2 Park Avenue, New York, NY 10016-5675NY2006-03$175,461
27Memorial Day Foundation33 Orient Ave, Brooklyn, NY 11211-2502NY2005-08$60,830
28Downtown For Democracy Foundation127 W 106th St Apt 5a, New York, NY 10025-3774NY2005-08$46,225
29Citizen One Inc, Citizen Change1710 Broadway, New York, NY 10019NY2004-09$0
30Orange County Amateur Radio Emergency Service Corp22 Wells Farm, Goshen, NY 10924NY2003-08$0
Number of organizations performing similar types of work
Alaska1
Alabama8
Arkansas3
Arizona9
California59
Colorado11
Connecticut9
District of Columbia26
Delaware3
Florida27
Georgia11
Hawaii4
Iowa5
Idaho2
Illinois14
Indiana8
Kansas1
Kentucky12
Louisiana5
Massachusetts10
Maryland14
Maine6
Michigan11
Minnesota12
Missouri6
Mississippi1
Montana3
North Carolina5
New Jersey13
New Mexico3
Nevada1
New York31
Ohio17
Oklahoma5
Oregon7
Pennsylvania21
Rhode Island3
South Carolina4
South Dakota1
Tennessee7
Texas24
Utah4
Virginia23
Vermont1
Washington10
Wisconsin11
West Virginia1
Wyoming3
International2
Total478

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