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        <PurposeOfGrantTxt>FOR THE MUSEUM'S PERMANENT ENDOWMENT</PurposeOfGrantTxt>
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        <ExplanationTxt>SMITH FOUNDATION IS A SUPPORTING ORGANIZATION OF THE VENTURA COUNTY COMMUNITY FOUNDATION. VENTURA COUNTY COMMUNITY FOUNDATION PROVIDES GRANTMAKING SERVICES, ACCOUNTING SERVICES AND MANAGEMENT OVERSIGHT FOR THE SMITH FOUNDATION.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>THE 990 IS PROVIDED VIA EMAIL TO AND REVIEWED BY THE CFO AND CEO/PRESIDENT OF VENTURA COUNTY COMMUNITY FOUNDATION AND THE GOVERNING BOARD OF THE SMITH FOUNDATION PRIOR TO FILING THE FORM 990 WITH THE IRS. THE 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>THE BOARD REGULARLY MONITORS THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. MEMBERS ARE REQUIRED TO COMPLY WITH AN SIGN OFF ON THE POLICY. THE CHAIRMAN OF THE BOARD OF BOTH THE FOUNDATION AND VENTURA COUNTY COMMUNITY FOUNDATION (THE SUPPORTED ORGANIZATION) MEET TO REVIEW THE CONTRACTS FOR ANY CONFLICTS. IF A CONFLICT IS FOUND TO EXIST, THE PERSON WITH THE CONFLICT IS ASKED TO RECLUSE HIM/HERSELF FROM ANY VOTING ON RELATED MATTERS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FORM 1023, GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND ALL POLICIES CURRENTLY IN PLACE ARE AVAILABLE UPON REQUEST. THE 990 IS AVAILABLE UPON REQUEST AND IS PROVIDED VIA THE WEB ON GUIDESTAR.</ExplanationTxt>
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