﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2023v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-11-13T09:34:36-05:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>453122402</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>FRED T NEELY &amp; COMPANY PLLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>111 W PARK AVE</AddressLine1Txt>
        <CityNm>GREENWOOD</CityNm>
        <StateAbbreviationCd>MS</StateAbbreviationCd>
        <ZIPCd>38930</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>640732226</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>B F SMITH FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>BFSM</BusinessNameControlTxt>
      <PhoneNum>6626863350</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO BOX 257</AddressLine1Txt>
        <CityNm>STONEVILLE</CityNm>
        <StateAbbreviationCd>MS</StateAbbreviationCd>
        <ZIPCd>38776</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>FRANK HOWELL</PersonNm>
      <PersonTitleTxt>SECRETARY</PersonTitleTxt>
      <PhoneNum>6626863350</PhoneNum>
      <SignatureDt>2024-11-15</SignatureDt>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>false</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>ROBERT A HEARN</PreparerPersonNm>
      <PTIN>P00354835</PTIN>
      <PhoneNum>6624537112</PhoneNum>
      <PreparationDt>2024-11-12</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2024-10-15 13:58:12Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="8">
    <IRS990PF documentId="RetDoc9">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>3629892</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>1586524</ContriRcvdRevAndExpnssAmt>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>14105</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>14105</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>14105</InterestOnSavingsAdjNetIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc7">540451</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeAdjNetIncmAmt>540451</OtherIncomeAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>2141080</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>14105</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>554556</TotalAdjNetIncmAmt>
        <OthEmplSlrsWgsRevAndExpnssAmt>187674</OthEmplSlrsWgsRevAndExpnssAmt>
        <PensionEmplBnftRevAndExpnssAmt>62245</PensionEmplBnftRevAndExpnssAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc4">38208</LegalFeesRevAndExpnssAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc8">712500</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesDsbrsChrtblAmt>712500</OtherProfFeesDsbrsChrtblAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="RetDoc2">39033</DeprecAndDpltnRevAndExpnssAmt>
        <OccupancyRevAndExpnssAmt>27678</OccupancyRevAndExpnssAmt>
        <TravConfMeetingRevAndExpnssAmt>28887</TravConfMeetingRevAndExpnssAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc6">620362</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesDsbrsChrtblAmt>4716</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>1716587</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>0</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>717216</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>0</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>0</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>1716587</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>0</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>717216</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>424493</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>14105</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>554556</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>1037566</CashBOYAmt>
        <CashEOYAmt>1091391</CashEOYAmt>
        <CashEOYFMVAmt>1091391</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>128555</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>647250</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>647250</SavAndTempCashInvstEOYFMVAmt>
        <AcctRcvblAmt>494601</AcctRcvblAmt>
        <AcctRcvblBOYAmt>302989</AcctRcvblBOYAmt>
        <AcctRcvblEOYAmt>494601</AcctRcvblEOYAmt>
        <AcctRcvblEOYFMVAmt>494601</AcctRcvblEOYFMVAmt>
        <PrepaidExpensesBOYAmt>18193</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>22628</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>22628</PrepaidExpensesEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>1143303</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>247767</LandBldgEquipAccumDeprecAmt>
        <LandBOYAmt>934569</LandBOYAmt>
        <LandEOYAmt referenceDocumentId="RetDoc3">895536</LandEOYAmt>
        <LandEOYFMVAmt>1143303</LandEOYFMVAmt>
        <OtherAssetsEOYAmt referenceDocumentId="RetDoc5">230719</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="RetDoc5">230719</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>2421872</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>3382125</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>3629892</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>279190</AccountsPayableBOYAmt>
        <AccountsPayableEOYAmt>738659</AccountsPayableEOYAmt>
        <DeferredRevenueBOYAmt>161514</DeferredRevenueBOYAmt>
        <DeferredRevenueEOYAmt>237805</DeferredRevenueEOYAmt>
        <TotalLiabilitiesBOYAmt>440704</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>976464</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>1981168</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>2405661</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>1981168</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>2405661</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>2421872</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>3382125</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>1981168</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>424493</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>2405661</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>2405661</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>196</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>196</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>196</TaxBasedOnInvestmentIncomeAmt>
        <TaxDueAmt>196</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>MS</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>DELTACOUNCIL.ORG</WebsiteAddressTxt>
        <IndividualWithBooksNm>SUSU WHATLEY</IndividualWithBooksNm>
        <PhoneNum>6626863359</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>PO BOX 257</AddressLine1Txt>
          <CityNm>STONEVILLE</CityNm>
          <StateAbbreviationCd>MS</StateAbbreviationCd>
          <ZIPCd>38776</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>TOM GRESHAM</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 257</AddressLine1Txt>
            <CityNm>STONEVILLE</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38776</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR(EX-</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>WOODS EASTLAND</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 257</AddressLine1Txt>
            <CityNm>STONEVILLE</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38776</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR(EX-</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>TRAVIS SATTERFIELD</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 257</AddressLine1Txt>
            <CityNm>STONEVILLE</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38776</ZIPCd>
          </USAddress>
          <TitleTxt>CHAIRMAN</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>FRANK HOWELL</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 257</AddressLine1Txt>
            <CityNm>STONEVILLE</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38776</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BOWEN FLOWERS</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 257</AddressLine1Txt>
            <CityNm>STONEVILLE</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38776</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>WALTON GRESHAM</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 257</AddressLine1Txt>
            <CityNm>STONEVILLE</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38776</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>PAUL HOLLIS</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 257</AddressLine1Txt>
            <CityNm>STONEVILLE</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38776</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR(EX-</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>GEORGE KING</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 257</AddressLine1Txt>
            <CityNm>STONEVILLE</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38776</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BILL LITTON</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 257</AddressLine1Txt>
            <CityNm>STONEVILLE</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38776</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>WA PERCY II</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 257</AddressLine1Txt>
            <CityNm>STONEVILLE</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38776</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>HARRY SIMMONS</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 257</AddressLine1Txt>
            <CityNm>STONEVILLE</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38776</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>GIBB STEELE</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 257</AddressLine1Txt>
            <CityNm>STONEVILLE</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38776</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>CONSERVE, RESTORE, ENHANCE AND ENVIRONMETALLY PROTECT THE STREAMS, WATERWAYS, AND AGRICULTURE OF THE MISSISSIPPI DELTA</Description1Txt>
        <Description2Txt>ADULT LITERACY PROGRAM - ASSIST AND EDUCATE IN INSTRUCTION AND RESEARCH OF ADULT LITERACY PROGRAMS IN THE MISSISSIPPI DELTA</Description2Txt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>0</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>1452381</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>1452381</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>1452381</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>21786</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>1430595</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>71530</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>71530</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>196</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>196</TotalTaxAmt>
        <DistributableBeforeAdjAmt>71334</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>71334</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>71334</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>717216</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>717216</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>71334</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>1576592</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>1152940</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>64429</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>1030580</ExcessDistributionCyovYr2Amt>
        <TotalExcessDistributionCyovAmt>3824541</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>717216</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>71334</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>645882</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>4470423</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>1576592</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>2893831</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>1152940</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>64429</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>1030580</ExcessFromYear2Amt>
        <ExcessFromCurrentYearAmt>645882</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>B F SMITH FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 257</AddressLine1Txt>
            <CityNm>STONEVILLE</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38776</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>6626863350</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>A DETAILED NARRATIVE OF THE PROJECT WITH ALL NECESSARY ATTACHMENTS</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>NONE</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <RelatedOrExemptFunctionIncmAmt>14105</RelatedOrExemptFunctionIncmAmt>
        </IntOnSavAndTempCashInvstGrp>
        <OtherRevenueDescribedGrp>
          <Desc>LAND RENT</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>136000</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>OTHER INCOME</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>259172</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>PRIOR PERIOD ADJUSTMENT</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>145279</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>540451</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>14105</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>554556</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <DepreciationSchedule documentId="RetDoc2">
      <DepreciationPropertyGrp>
        <PropertyDesc>TRAILER</PropertyDesc>
        <AcquiredDt>2007-10-10</AcquiredDt>
        <CostOrOtherBasisAmt>850</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>850</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>10.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2008 HONDA ATV</PropertyDesc>
        <AcquiredDt>2009-02-10</AcquiredDt>
        <CostOrOtherBasisAmt>5392</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>5392</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PART-2011 TOYOTA TRUCK</PropertyDesc>
        <AcquiredDt>2011-01-19</AcquiredDt>
        <CostOrOtherBasisAmt>23097</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>23097</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2015 TOYOTA TRUNDRA PICKUP TRUCK</PropertyDesc>
        <AcquiredDt>2015-07-24</AcquiredDt>
        <CostOrOtherBasisAmt>45326</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>45326</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>HONDA TRX420</PropertyDesc>
        <AcquiredDt>2016-03-11</AcquiredDt>
        <CostOrOtherBasisAmt>6051</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>6051</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>HONDA TRX420</PropertyDesc>
        <AcquiredDt>2011-01-31</AcquiredDt>
        <CostOrOtherBasisAmt>6051</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>6051</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2016 HONDA SXS10M</PropertyDesc>
        <AcquiredDt>2016-03-11</AcquiredDt>
        <CostOrOtherBasisAmt>21125</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>21125</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2016 HONDA SXSM1</PropertyDesc>
        <AcquiredDt>2017-09-29</AcquiredDt>
        <CostOrOtherBasisAmt>15167</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>15167</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>ICE MAKER</PropertyDesc>
        <AcquiredDt>2019-09-30</AcquiredDt>
        <CostOrOtherBasisAmt>4521</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2939</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>904</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2020 DODGE RAM 2500</PropertyDesc>
        <AcquiredDt>2020-04-28</AcquiredDt>
        <CostOrOtherBasisAmt>57416</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>30622</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>11483</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2020 DODGE RAM 2500</PropertyDesc>
        <AcquiredDt>2020-02-13</AcquiredDt>
        <CostOrOtherBasisAmt>61816</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>36059</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>12364</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2021 CANAM DEFEENDER 3535</PropertyDesc>
        <AcquiredDt>2021-06-22</AcquiredDt>
        <CostOrOtherBasisAmt>16135</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>4841</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>3227</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2021 CANAM DEFEENDER 3547</PropertyDesc>
        <AcquiredDt>2021-06-22</AcquiredDt>
        <CostOrOtherBasisAmt>16135</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>4841</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>3227</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>21 CANAM DEFENDER</PropertyDesc>
        <AcquiredDt>2021-06-22</AcquiredDt>
        <CostOrOtherBasisAmt>16135</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>4841</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>3227</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>MONSANTO LAND &amp; BUILDINGS</PropertyDesc>
        <AcquiredDt>2016-06-20</AcquiredDt>
        <CostOrOtherBasisAmt>825082</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2022 JOHN DEER GATOR XUV835M P0012649 NM05</PropertyDesc>
        <AcquiredDt>2022-08-25</AcquiredDt>
        <CostOrOtherBasisAmt>23005</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1534</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>4601</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <LandEtcSchedule2 documentId="RetDoc3">
      <LandEtcGrp>
        <CostOrOtherBasisAmt>318221</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>247767</AccumulatedDepreciationAmt>
        <BookValueAmt>70454</BookValueAmt>
        <EOYFMVAmt>318221</EOYFMVAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CostOrOtherBasisAmt>825082</CostOrOtherBasisAmt>
        <BookValueAmt>825082</BookValueAmt>
        <EOYFMVAmt>825082</EOYFMVAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="RetDoc4">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL</CategoryTxt>
        <LegalFeesAmt>38208</LegalFeesAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc5">
      <OtherAssetsScheduleGrp>
        <Desc>ACCRUED REVENUE</Desc>
        <EOYBookValueAmt>230719</EOYBookValueAmt>
        <EOYFMVAmt>230719</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc6">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ADULT LITERACY</Desc>
        <RevenueAndExpensesPerBooksAmt>4716</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>4716</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CONTRACTUAL</Desc>
        <RevenueAndExpensesPerBooksAmt>314493</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INDIRECT</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MATERIALS AND SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>270983</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DONATION</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REPAIRS</Desc>
        <RevenueAndExpensesPerBooksAmt>4981</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MATCH</Desc>
        <RevenueAndExpensesPerBooksAmt>1278</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <RevenueAndExpensesPerBooksAmt>22401</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DUES</Desc>
        <RevenueAndExpensesPerBooksAmt>1510</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc7">
      <OtherIncomeDetail>
        <Desc>LAND RENT</Desc>
        <RevenueAndExpensesPerBooksAmt>136000</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>136000</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OTHER INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>259172</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>259172</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>PRIOR PERIOD ADJUSTMENT</Desc>
        <RevenueAndExpensesPerBooksAmt>145279</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>145279</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="RetDoc8">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>HEALTHCARE STUDY</CategoryTxt>
        <Amt>712500</Amt>
        <DisbursementsCharitablePrpsAmt>712500</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
  </ReturnData>
</Return>