This article concerns the Adam Smith Foundation based in the state of Missouri in the United States, as opposed to the based at the University of Glasgow in Scotland. The Adam Smith Foundation is a 501(c)(4) conservative advocacy organization in Jefferson City, Missouri. In 2007, it received its exempt organization status from the IRS and now brings in $348,750 in annual inc that focuses on the issues of right to work, education reform, balanced budget amendment, judicial reform, and tax reform.