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THE WILL SMITH CHARITABLE FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
THE WILL SMITH CHARITABLE FOUNDATION (EIN 37-1545757)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-10-19
IRS object ID
202112929349101106
Schema version
2020v4.0
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)
Return2021-10-19T10:35:34-07:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Begin2020-01-01TaxPeriodBeginDt

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
Signature2021-09-26SignatureDt
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

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)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,219,924FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$40,700ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$12InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$12InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$12InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$37,757DividendsRevAndExpnssAmt
Dividends Net Invst Incm$37,757DividendsNetInvstIncmAmt
Dividends Adj Net Incm$37,757DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$19,198NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$665,586GrossSalesPriceAmt
Total Rev And Expnss$59,271TotalRevAndExpnssAmt
Total Net Invst Incm$37,769TotalNetInvstIncmAmt
Total Adj Net Incm$37,769TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$870AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$2,048OtherProfFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$25,599OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$13,136OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$28,517TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$13,136TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$67,800ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$67,800ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$96,317TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$13,136TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$67,800TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$37,046ExcessRevenueOverExpensesAmt
Net Investment Income$24,633NetInvestmentIncomeAmt
Adjusted Net Income$37,769AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$148,739SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$124,490SavAndTempCashInvstEOYAmt
Acct Rcvbl BOY$18,983AcctRcvblBOYAmt
Other Investments BOY$1,705,335OtherInvestmentsBOYAmt
Other Investments EOY$1,710,760OtherInvestmentsEOYAmt
Other Investments EOYFMV$3,219,924OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,873,057TotalAssetsBOYAmt
Total Assets EOY$1,835,250TotalAssetsEOYAmt
Total Assets EOYFMV$3,219,924TotalAssetsEOYFMVAmt
Accounts Payable BOY$825AccountsPayableBOYAmt
Accounts Payable EOY$825AccountsPayableEOYAmt
Total Liabilities BOY$825TotalLiabilitiesBOYAmt
Total Liabilities EOY$825TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,872,232CapitalStockBOYAmt
Capital Stock EOY$1,834,425CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,872,232TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,834,425TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,873,057TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,835,250TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,872,232TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$37,046ExcessRevenueOverExpensesAmt
Subtotal$1,835,186SubtotalAmt
Other Decreases$761OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,834,425TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
SEE STMT FROST BANK TRUSTEE FORM 1099-BP2020-01-012020-12-31$181,204$225,882-$44,678-$44,678
SEE STMT FROST BANK TRUSTEE FORM 1099-BP2019-01-012020-12-31$484,331$458,902$25,429$25,429
Captial Gains Distributions (Frost)P2019-01-012020-12-31$51$51$51
Wash Sale$4,048
FieldValueIRS element (for citing)
Capital Gain Net Income-$15,150CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$40,630NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$342InvestmentIncomeExciseTaxAmt
Subtotal$342SubtotalAmt
Tax Based On Investment Income$342TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,160EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,160TotalPaymentsAndCreditsAmt
Overpayment$818OverpaymentAmt
Applied To ES Tax$818AppliedToESTaxAmt

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
102 Hillside DrHendersonvilleTN37075Vice 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$342TaxBasedOnInvestmentIncomeAmt
Total Tax$342TotalTaxAmt
Distributable Before Adj$342DistributableBeforeAdjAmt
Distributable Before Ded$342DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$67,800ExpensesAndContributionsAmt
Qualifying Distributions$67,800QualifyingDistributionsAmt
Adjusted Qualifying Distri$67,800AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$281,676ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$283,855ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$160,000ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$160,789ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$173,000ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,059,320TotalExcessDistributionCyovAmt
Qualifying Distributions$67,800QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$67,800RemainingDistriFromCorpusAmt
Total Corpus$1,127,120TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$281,676ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$845,444ExcessDistriCyovToNextYrAmt
Excess From Year4$283,855ExcessFromYear4Amt
Excess From Year3$160,000ExcessFromYear3Amt
Excess From Year2$160,789ExcessFromYear2Amt
Excess From Year1$173,000ExcessFromYear1Amt
Excess From Current Year$67,800ExcessFromCurrentYearAmt

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 (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientForeignAddress/AddressLine1TxtCityRecipientForeignAddress/CityNmProvince Or StateRecipientForeignAddress/ProvinceOrStateNmCountryRecipientForeignAddress/CountryCdForeign PostalRecipientForeignAddress/ForeignPostalCd
Indianapolis Youth Orchestra Inc
32 E Washington St Suite 950IndianapolisIN46201NoneN/ATo support season and fund an annual scholarship.$20,000
Niyo Cultural Centre
NoneN/ATo support the organization's program of supporting street children and single mothers living in poverty in Rwanda. They change lives through utilizing their artistic gifts allowing them to provide basic necessities sush as education, health care, shelter, food.$7,800KG 572 StKigaliKigaliRWKG 572 St
Will's Wells
706 S Main StBoerneTX78006NoneN/ATo support program to drill water wells in Africa.$25,000
Christmas 4 Kids
PO Box 2611HendersonvilleTN37077NoneN/ADonation used to help provide Christmas for 359 low income children in Middle Tennessee.$15,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$67,800TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$12RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$37,757RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$19,198RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$18,571RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$18,571TotalIncomeProducingActyAmt

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$870Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescFederal Taxes Not Deducted on Tax ReturnDesc
Amt$170Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Credit Card Processing Costs$972
Fundraising Costs$9,876
Insurance$1,615
Investment Expenses$13,136$13,136

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryLegal FeesCategoryTxt
Amt$2,048Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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