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THE WILL SMITH CHARITABLE FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
THE WILL SMITH CHARITABLE FOUNDATION (EIN 37-1545757)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-10-09
IRS object ID
202322829349101717
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-10-09T09:34:45-07:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN263456972PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Gary W Brandon CPA OwnerBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16119 Greenville Ave 446AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75206ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN371545757EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Will Smith Charitable FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWILLBusinessNameControlTxt
Phone2105594044PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14242 Broadway Suite 2002AddressLine1Txt
CitySan AntonioCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78209ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSusan NM MoultonPersonNm
Person TitlePresidentPersonTitleTxt
Signature2023-09-25SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSusan NMPersonFirstNm
Person LastMoultonPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGary W BrandonPreparerPersonNm
PTINP00027368PTIN
Phone2142213611PhoneNum
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,877,439FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$700ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$46,515DividendsRevAndExpnssAmt
Dividends Net Invst Incm$46,515DividendsNetInvstIncmAmt
Dividends Adj Net Incm$46,515DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$6,727NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$198,420GrossSalesPriceAmt
Total Rev And Expnss$40,488TotalRevAndExpnssAmt
Total Net Invst Incm$46,515TotalNetInvstIncmAmt
Total Adj Net Incm$46,515TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$800AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$16TaxesRevAndExpnssAmt
Taxes Net Invst Incm$16TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$28,908OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$20,198OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$29,724TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$20,214TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$74,987ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$74,987ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$104,711TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$20,214TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$74,987TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$64,223ExcessRevenueOverExpensesAmt
Net Investment Income$26,301NetInvestmentIncomeAmt
Adjusted Net Income$46,515AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$205,431SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$119,845SavAndTempCashInvstEOYAmt
Other Investments BOY$1,535,159OtherInvestmentsBOYAmt
Other Investments EOY$1,555,822OtherInvestmentsEOYAmt
Other Investments EOYFMV$2,877,439OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,740,590TotalAssetsBOYAmt
Total Assets EOY$1,675,667TotalAssetsEOYAmt
Total Assets EOYFMV$2,877,439TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,740,590CapitalStockBOYAmt
Capital Stock EOY$1,675,667CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,740,590TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,675,667TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,740,590TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,675,667TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,740,590TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$64,223ExcessRevenueOverExpensesAmt
Other Increases$1,080OtherIncreasesAmt
Subtotal$1,677,447SubtotalAmt
Other Decreases$1,780OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,675,667TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
SEE STMT FROST BANK TRUSTEE FORM 1099-BP2022-01-012022-12-31$57,966$80,094-$22,128-$22,128
SEE STMT FROST BANK TRUSTEE FORM 1099-BP2021-01-012022-12-31$140,454$125,053$15,401$15,401
FieldValueIRS element (for citing)
Capital Gain Net Income-$6,727CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$22,128NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$366InvestmentIncomeExciseTaxAmt
Subtotal$366SubtotalAmt
Tax Based On Investment Income$366TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,100EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,100TotalPaymentsAndCreditsAmt
Overpayment$734OverpaymentAmt
Applied To ES Tax$734AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website Addresswww.willsmithfoundation.comWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Gary W Brandon CPABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2142213611PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line16119 Greenville Ave Suite 446AddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75206ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Susan NM Moulton
4242 Broadway Suite 2002San AntonioTX78209President20.00$0
Rex Robinson
631 Nottingham AvenueHendersonvilleTN37075Vice President0.00$0
Theresa Brandon
7220 Yamini DrDallasTX75230Secretary0.00$0
Theresa Brandon
7220 Yamini DrDallasTX75230Treasurer0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$366TaxBasedOnInvestmentIncomeAmt
Total Tax$366TotalTaxAmt
Distributable Before Adj$366DistributableBeforeAdjAmt
Distributable Before Ded$366DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$74,987ExpensesAndContributionsAmt
Qualifying Distributions$74,987QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$160,000ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$160,789ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$173,000ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$67,800ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$367,000ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$928,589TotalExcessDistributionCyovAmt
Qualifying Distributions$74,987QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$74,987RemainingDistriFromCorpusAmt
Total Corpus$1,003,576TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$160,000ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$843,576ExcessDistriCyovToNextYrAmt
Excess From Year4$160,789ExcessFromYear4Amt
Excess From Year3$173,000ExcessFromYear3Amt
Excess From Year2$67,800ExcessFromYear2Amt
Excess From Year1$367,000ExcessFromYear1Amt
Excess From Current Year$74,987ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonThe Will Smith Charitable FoundatioRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line14242 Broadway Suite 2002AddressLine1Txt
CitySan AntonioCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78209ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2105594044RecipientPhoneNum
Form And Info And MaterialsThe mission of The Will Smith Foundation is to locate the need and provide the means of giving positive life experiences to children through art, music and acts of compassion, and to assist in bringing emergency medical services to areas in need. Written applications for support by organizations that are consistent with our mission will be considered.FormAndInfoAndMaterialsTxt
Submission DeadlinesNoneSubmissionDeadlinesTxt
Restrictions On AwardsNoneRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Christmas 4 Kids
PO Box 2611HendersonvilleTN37077NoneN/ADonation used to help provide Christmas for approximately 400 low income children in Middle Tennessee.$15,000
Will's Wells
706 S main StBoerneTX78006NoneN/ATo support program to drill water wells in Africa.$50,000
Charlie's Guys
5378 Wild Dunes CtBoulderCO80301NoneN/ATo support their mission to provide bereavement support to children.$9,987
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$74,987TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$46,515RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$6,727RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$39,788RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$39,788TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
Amt$800Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemCorporate Stocks and Mutual FundsCategoryOrItemTxt
Listed At Cost Or FMVFMVListedAtCostOrFMVCd
Book Value$1,555,822BookValueAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescFederal Taxes Not Deducted on Tax ReturnDesc
Amt$1,780Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Bank Service Charges$236
Credit Card Processing Costs$701
Fundraising Costs$6,158
Insurance$1,615
Investment Expenses$20,198$20,198

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescNon-dividend Distributions from InvestmentsDesc
Amt$1,080Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAX PAID ON DIVIDENDSCategoryTxt
Amt$16Amt
Net Investment Income$16NetInvestmentIncomeAmt

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