Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 04-01-2017 , and ending 03-31-2018
Name of foundation
THE WINDHAM FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 70
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GRAFTON, VT05146
A Employer identification number

13-6142024
B Telephone number (see instructions)

(802) 843-2220
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$34,014,670J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 340,125
2 Check bullet.............
3 Interest on savings and temporary cash investments 281,113 281,113 281,113
4 Dividends and interest from securities... 176,092 176,092 176,092
5a Gross rents............ 424,331 424,331 424,331
b Net rental income or (loss) 424,331
6a Net gain or (loss) from sale of assets not on line 10 271,664
b Gross sales price for all assets on line 6a 705
7 Capital gain net income (from Part IV, line 2)... 271,664
8 Net short-term capital gain......... 23,181
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,130,187 0 1,130,187
12 Total. Add lines 1 through 11........ 2,623,512 1,153,200 2,034,904
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 387,620 0 387,620 171,483
14 Other employee salaries and wages...... 389,599 0 389,599 172,359
15 Pension plans, employee benefits....... 387,144 0 387,144 171,273
16a Legal fees (attach schedule)......... Click to see attachment 2,249 0 2,249 0
b Accounting fees (attach schedule)....... Click to see attachment 26,137 0 26,137 0
c Other professional fees (attach schedule).... Click to see attachment 139,537 91,826 47,711 0
17 Interest............... 210,642 0 210,642 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 299,586 0 299,586 132,537
19 Depreciation (attach schedule) and depletion... 311,681 0 311,681
20 Occupancy.............. 349,366 0 349,366 154,560
21 Travel, conferences, and meetings....... 19,151 0 19,151 19,151
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 74,831 0 66,760 48,756
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,597,543 91,826 2,497,646 870,119
25 Contributions, gifts, grants paid....... 316,758 316,758
26 Total expenses and disbursements. Add lines 24 and 25 2,914,301 91,826 2,497,646 1,186,877
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -290,789
b Net investment income (if negative, enter -0-) 1,061,374
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 282,691 111,633 111,633
2 Savings and temporary cash investments......... 873,231 933,664 933,664
3 Accounts receivable bullet2,921
Less: allowance for doubtful accounts bullet   702 2,921 2,921
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use.............. 10,019 9,612 9,612
9 Prepaid expenses and deferred charges.......... 91,696 60,675 60,675
10a Investments—U.S. and state government obligations (attach schedule) 11,000,205 Click to see attachment10,821,189 10,821,189
b Investments—corporate stock (attach schedule)....... 4,601,677 Click to see attachment4,649,920 4,649,920
c Investments—corporate bonds (attach schedule)....... 3,164,606 Click to see attachment3,288,613 3,288,613
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 10,054,474 Click to see attachment9,303,076 9,303,076
14 Land, buildings, and equipment: basis bullet14,951,069
Less: accumulated depreciation (attach schedule) bullet10,117,702 5,019,127 4,833,367 4,833,367
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 35,098,428 34,014,670 34,014,670
Liabilities 17 Accounts payable and accrued expenses.......... 22,710 25,066
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 9,967,175 10,039,737
22 Other liabilities (describe bullet) Click to see attachment1,261,421 Click to see attachment1,417,638
23 Total liabilities (add lines 17 through 22)......... 11,251,306 11,482,441
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 23,847,122 22,532,229
30 Total liabilities and net assets/fund balances (see instructions). 35,098,428 34,014,670
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
23,847,122
2
Enter amount from Part I, line 27a .....................
2
-290,789
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
207,583
4
Add lines 1, 2, and 3 ..........................
4
23,763,916
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,231,687
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
22,532,229
Form 990-PF (2019)
Form 990-PF (2019)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a GAIN ON SALE OF ASSETS P    
b MERRILL LYNCH - 02858 ST      
c MERRILL LYNCH - 02858 LT      
d MERRILL LYNCH - 02859 ST      
e MERRILL LYNCH - 02859 LT      
MERRILL LYNCH - 02865 ST      
MERRILL LYNCH - 02865 LT      
MERRILL LYNCH - 02852 ST      
MERRILL LYNCH - 02852 LT      
MERRILL LYNCH - 02854 ST      
MERRILL LYNCH - 02854 LT      
MERRILL LYNCH - 02658 LT      
MERRILL LYNCH - 02863 ST      
MERRILL LYNCH - 02863 LT      
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 705 0   705
b       13,909
c       88,054
d       8,887
e       93,129
      481
      18,926
      0
      31,175
      581
      -1,040
      3,691
      -677
      13,843
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       705
b       13,909
c       88,054
d       8,887
e       93,129
      481
      18,926
      0
      31,175
      581
      -1,040
      3,691
      -677
      13,843
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 271,664
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 23,181
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2018      
2017      
2016      
2015      
2014      
2
Total of line 1, column (d) .....................
2
 
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
 
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
 
5
Multiply line 4 by line 3......................
5
 
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
 
7
Add lines 5 and 6........................
7
 
8
Enter qualifying distributions from Part XII, line 4,.............
8
 
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2019)
Form 990-PF (2019)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter: 1986-08-18(attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 N/A
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3  
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions Click to see attachment.............
    11
    Yes
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.WINDHAM-FOUNDATION.ORG
    14
    The books are in care ofbulletROBERT DONALD Telephone no.bullet (802) 843-2220

    Located atbullet225 TOWNSHEND RD PO BOX 70GRAFTONVT ZIP+4bullet05146
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2019?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2019 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2019.)..................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ELIZABETH BANKOWSKI PRESIDENT / CHAIRMAN
    40.00     		160,000 0 493
    PO BOX 70
    GRAFTON,VT05146
    EDWARD ZUCCARO TRUSTEE
    6.00     		6,000 0 0
    PO BOX 70
    GRAFTON,VT05146
    JEFFREY SMITH VICE PRESIDENT
    4.00     		5,000 0 0
    PO BOX 70
    GRAFTON,VT05146
    WILLIAM BRUETT CHAIRMAN
    8.00     		7,000 0 0
    PO BOX 70
    GRAFTON,VT05146
    WILLIAM GILBERT TRUSTEE
    4.00     		0 0 0
    PO BOX 70
    GRAFTON,VT05146
    ROBERT OLMSTED TRUSTEE
    2.00     		1,666 0 0
    PO BOX 70
    GRAFTON,VT05146
    ELLEN LOVELL SECRETARY
    4.00     		5,000 0 0
    PO BOX 70
    GRAFTON,VT05146
    ROBIN STERN TRUSTEE
    4.00     		5,000 0 0
    PO BOX 70
    GRAFTON,VT05146
    SUZANNE WELCH TRUSTEE
    2.00     		5,000 0 0
    PO BOX 70
    GRAFTON,VT05146
    ROBERT DONALD ASST SEC/TREASURER
    40.00     		165,000 0 17,286
    PO BOX 70
    GRAFTON,VT05146
    ROBERT REESE TRUSTEE
    2.00     		1,667 0 0
    PO BOX 70
    GRAFTON,VT05146
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    PAULA JOHNSON HR MANAGER
    40.00     		61,583 0 14,693
    PO BOX 70
    GRAFTON,VT05416
    KARL LAUREN FACILITY MANAGER
    40.00     		62,000 0 6,758
    PO BOX 70
    GRAFTON,VT05146
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 PRESERVATION, RESTORATION AND MANAGEMENT OF HISTORICALLY AND CULTURALLY SIGNIFICANT PROPERTY IN GRAFTON AND OTHER VERMONT LOCATIONS, INCLUDING THE GRAFTON VILLAGE CHEESE COMPANY, THE GRAFTON INN AND THE RETREAT FARM. 1,186,877
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    19,666,553
    b
    Average of monthly cash balances.......................
    1b
    194,227
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    19,860,780
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    19,860,780
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    297,912
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    19,562,868
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    978,143
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
     
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,186,877
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    101,920
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,288,797
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,288,797
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2019:
    a From 2014......  
    b From 2015......  
    c From 2016......  
    d From 2017......  
    e From 2018......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$  
    a Applied to 2018, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2019 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2019.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2015....  
    b Excess from 2016....  
    c Excess from 2017....  
    d Excess from 2018....  
    e Excess from 2019....  
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2019, enter the date of the ruling....... bullet
    1972-01-24
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2019 (b) 2018 (c) 2017 (d) 2016
    0 0 0 0 0
    b 85% of line 2a ......... 0 0 0 0 0
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		1,288,797 1,302,597 1,110,883 1,312,040 5,014,317
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		1,288,797 1,302,597 1,110,883 1,312,040 5,014,317
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		652,095 659,467 725,805 0 2,037,367
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    THE WINDHAM FOUNDATION - ATTN MS EL
    PO BOX 70
    GRAFTON,VT05146
    (802) 843-2216
    bThe form in which applications should be submitted and information and materials they should include:
    THE FOUNDATION HAS AN APPLICATION FORM AND GUIDELINES AVAILABLE UPON REQUEST. A GRANT REQUEST IS BEST INITIATED THROUGH A LETTER DESCRIBING THE PROPOSED PROJECT, INCLUDING AN APPROXIMATE BUDGET, A REFERENCE TO OTHER FUNDING SOURCES, ENCLOSURE OF THE LATEST AVAILABLE BALANCE SHEET AND INCOME STATEMENT, AND A COPY OF THE INTERNAL REVENUE SERVICE DETERMINATION LETTER AS TO THE TAX-EXEMPT STATUS OF THE APPLICANT.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE WINDHAM FOUNDATION LIMITS ITS GRANTS TO ORGANIZATIONS LOCATED IN VERMONT. GRANTS ARE FURTHER LIMITED BY THE INTERNAL REVENUE SERVICE TO TAX-EXEMPT ORGANIZATIONS. THROUGH ITS GRANT MAKING, THE WINDHAM FOUNDATION SEEKS TO SUPPORT ORGANIZATIONS CONCERNED WITH THE NEEDS AND QUALITY OF LIFE OF VERMONTERS. THOSE ORGANIZATIONS INCLUDE, BUT ARE NOT LIMITED TO, THOSE DEALING WITH: AGRICULTURAL PRESERVATION AND FOOD SYSTEMS; DISADVANTAGED YOUTH; ENVIRONMENTAL ENHANCEMENT; EDUCATION IN THE BROADER SENSE; PROMOTION OF THE ARTS, CRAFTS AND VERMONT TRADITIONS; MEETING BASIC HUMAN NEEDS; HISTORIC PRESERVATION WHERE IT SERVES A BROADER COMMUNITY PURPOSE; NATURAL LANDSCAPE PRESERVATION AND RECREATION.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    CONTRIBUTIONS - SEE ATTACHED STATEMENT
    PO BOX 70
    GRAFTON,VT05146     		NONE PUBLIC CHARITABLE/EDUCATIONAL 316,758
    Total .................................bullet 3a 316,758
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 281,113  
    4 Dividends and interest from securities....     14 176,092  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 424,331  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 271,664  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMISCELLANEOUS INCOME     		      29,570  
    bSUBSIDIARY REIMBURSEMENT/MANAGEMENT FEES       1,100,617  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 2,283,387 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,283,387
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    11 FUEL SALES AND MISCELLANEOUS INCOME ARE PART OF THE ORGANIZATIONS OPERATIONS. THE SUBSIDIARY REIMBURSMENT OF EXPENSES ARE FROM RELATED OPERATING ENTITIES MANAGED AND PAID BY THE WINDHAM FOUNADATION.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2019)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2019
    Name of the organization
    THE WINDHAM FOUNDATION INC
     
    Employer identification number

    13-6142024
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019) Page 2
    Name of organization
    THE WINDHAM FOUNDATION INC
          		Employer identification number
    13-6142024
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    THE VERMONT COMMUNITY FOUNDATION
     
    3 COURT STREET
     
    MIDDLEBURY, VT05753

    		$ 339,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Page 3
    Name of organization
    THE WINDHAM FOUNDATION INC
          		Employer identification number

    13-6142024
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Page 4
    Name of organization
    THE WINDHAM FOUNDATION INC
          		Employer identification number

    13-6142024
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2017 AccountingFeesSchedule
    Name:
    THE WINDHAM FOUNDATION INC
    EIN:
    13-6142024
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 26,137 0 26,137 0

    TY 2017 GeneralExplanationAttachment
    Name:
    THE WINDHAM FOUNDATION INC
    EIN:
    13-6142024
    Identifier Return Reference Explanation
    GRANTS AND CONTRIBUTIONS PAID DURING THE YEAR OR APPROVED FOR FUTURE PAYMENT PART XV, LINE 3 $50 236 BENEFIT FUND - 7500 ADDISON CTY COMM. ACTION GROUP - 3000 ART IN THE NEIGHBORHOOD - 500 BELLOWS FALLS UNION HIGH SCHOO - CHORUS DEPT DONATION5000 BOYS & GIRLS CLUB OF BRATT. - 2017 GRANT5000 BOYS & GIRLS CLUB OF RUTLAND C - 2017 GRANT500 BRATTLEBLOR MUSEUM AND ART CTR - 3000 BRATTLEBORO LITERARY FESTIVAL - 2500 BRATTLEBORO MUS. AND ARTS CTR - 1000 BRATTLEBORO MUSEUM AND ART CEN - 750 BRATTLEBORO MUSIC CENTER - RS20175000 BRATTLEBORO NORDIC BHS DIST. 6 - 2000 CANTERBURY SCHOOL - JS250 CAPITAL CITY CONCERTS - EL2889 CARRIE WILLIAMS HOWE - GRAFTON CONFERENCE - RECREATIO500 CATAMOUNT ARTS - EZ5000 COLLEGE OF ST JOSEPH - 2017 GRANT4000 COMM. HEALTH CTR OF BURLINGTON - 5000 ESSEX COMM. HISTORICAL SOCIETY - 1000 FAIRBANKS MUSEUMA AND PLAN. - EZ5000 FAITH IN ACTION N. COUNTIES - 1000 FIRST CONGEGATIONAL CHURCH - 5000 FRIENDS OF THE MORRILL HOMES. - 10000 GLOBAL CAMPUSES FOUNDATION - 1000 GODDARD COLLEGE - EL2000 GOOD SHEPARD CATHOLIC SCHOOL - EZ500 GRACE COTTAGE FOUNDATION - 1000 GRACE COTTAGE FOUNDATION - SW1000 GRAFTON CARES - SW500 GRAFTON CORNET BAND - 100 GRAFTON ELEMENTARY SCHOOL - 2000 GRAFTON ELEMENTARY SCHOOL - SUMMER PROGRAM500 GRAFTON FEDERATED CHURCH - 1000 GRAFTON FIREMEN'S ASSOC., INC. - 1000 GRAFTON FIREMEN'S ASSOC., INC. - SW500 GRAFTON HISTORICAL SOCIETY - 1000 GRAFTON HISTORICAL SOCIETY - THOMAS FONTAINE BOOK PROJECT500 GRAFTON PUBLIC LIBRARY - 1000 GRAFTON PUBLIC LIBRARY - SW500 GRAFTON RESCUE SQUAD-500 GRAFTON RESCUE SQUAD2500 GRAFTON RESCUE SQUAD - 500 GRAFTON RESCUE SQUAD - 1000 GRAFTON RESCUE SQUAD - SW750 GRAFTON TOWN PARTY - GRAFTON TOWN PARTY 20171000 GREEN MOUNTAIN CAMP FOR GIRLS - 1000 GROUNDWORKS COLLABORATIVE - 1000 HARRIS HILL SKI JUMP, INC - 3000 HILAND HALL GARDENS - 2017 GRANT500 IN-SIGHT PHOTOGRAPHY - 7500 INTERVALE CENTER - 2500 JAMAICA COMMUNITY CHURCH - 2017 GRANT500 LATCHIS ARTS - 500 LATCHIS ARTS - 500 LATCHIS THEATRE - 7500 LUND - 2017 GRANT5000 MAIN STREET ARTS - 2017 GRANT500 MAIN STREET ARTS - SW2000 MARLBORO COLLEGE - EL1000 MARLBORO MUSIC SCHOOL AND FEST - EL2500 MONTCLAIR KIMBERLY ACA. FOUND. - 5000 MORNINGSIDE HOUSE, INC. - 500 NATURE MUSEUM AT GRAFTON - 500 NATURE MUSEUM AT GRAFTON - SW1000 NEW ENGLAND YOUTH THEATRE - 500 NORTHEAST KINGDOM CHAR. FUNDS - 500 NORTHEAST KINGDOM YOUTH SERV. - EZ-500 NORTHEAST KINGDOM YOUTH SERV. - EZ1000 NORTHEAST VERMONT REG. HOSP. - EZ2000 PARTNERSHIP CAM. FOR ROCK PT - EL500 PERMANENT FUND FOR VT CHILDREN - 500 PUBLIC ASSETS INSTITUTE - 2500 RARITAN HEADWATERS ASSOCIATION - 500 RARITAN HEADWATERS ASSOCIATION - 5000 RESCUE, INC. - 2017 GRANT500 RETREAT FARM, LTD - 6000 RICH EARTH INSTITUTE - 250 RIVER GALLERY ART SCHOOL - 5000 ROCK POINT, EPISCOPAL DIOCESE - 5000 ROCKINGHAM FREE PUBLIC LIBRARY - -100 SABRINA GIBBS SCHOOL - CORRECTION --100 SABRINA GIBBS SCHOOL - READATHON500 SAINT BRIDGET KITCHEN - 3500 SEABA EXHIBITIONS - 350 SEVCA - GOLF SPONSORSHIP1000 SHELBURNE FARMS - 5000 SOUTH ROYALTON HEALTH CLINIC - 5000 SOUTHERN VERMONT DANCE FEST. - 8000 SOUTHERN WINDSOR COUNTY INCUB. - 1000 SPRAY NEUTER CHARLOTTE - SW2000 SPRINGFIELD COMMUNITY CHORUS - 2017 GRANT100 SPRINGFIELD HOSPITAL - APPLE BLOSSOM COTILLION 20173500 SPRINGIELD ART AND HIST. SOC. - 3000 SPRUCE PEAK ARTS CENTER FDN. - 5000 ST LAWRENCE UNIVERSITY - JS3000 ST. JOHNSBURY ACADEMY - EZ1000 ST. JOHNSBURY ATHENAEUM - EZ5000 ST. LAWRENCE UNIVERSITY - 250 STONE TRUST - 5000 STROLLING OF THE HEIFERS - 1000 THE FAMILY GARDEN - 3111 THE GRAFTON INN - 708.17 THE GRAFTON INN - REC CONFERENCE BALANCE250 THE GRAFTON NEWS - 5000 UNITED WAY OF WINDHAM COUNTY - 500 VALLEY CARES - 300 VALLEY CARES - 10TH ANNIVERSARY-300 VALLEY CARES - 10TH ANNIVERSARY5000 VERMONT FOLKLIFE CENTER - 1000 VERMONT FOLKLIFE CENTER - SW7500 VERMONT FOODBANK - 10000 VERMONT HUMANITIES COUNCIL - 2017 GRANT10000 VERMONT HUTS ASSOCIATION - 5000 VERMONT JAZZ CENTER - 2017 GRANT1500 VERMONT PARKS FOREVER - EL7500 VERMONT PERFORMANCE LAB - 1000 VERMONT PUBLIC RADIO - 7000 VERMONT RIVER CONSERVANCY - 1000 VERMONT SYMPHONY ORCHESTRA - 500 VERMONT SYMPHONY ORCHESTRA - DECEMBERT 2017 CONCERT5000 VERMONT YOUTH ORCHESTRA ASSN - 5000 VT. ASSOC OF SNOW TRAVELERS - 1700 WESTGATE HOUSING, INC. - 5000 WESTMINSTER HISTORICAL SOCIETY - 5000 WESTON PLAYHOUSE - 5000 WINDHAM & WINDSOR HOUSING TRUS - 450 WINDHAM COUNTY HUMANE SOCIETY - 500 WINDHAM COUNTY HUMANE SOCIETY - 500 WOMEN'S COMMUNITY CLUB - 2017 SCHOLARSHIP DRIVE1000 WOMEN'S COMMUNITY CLUB - SW250 WOOD ARTS GALLERY - EL1000 YELLOW BARN - 250 YOUTH SERVICES - $316,758 TOTAL
    LIST OF CONTROLLED ENTITIES AND TRANSFERS FORM 990-PF, PART VII-A, LINE 11 NAME OF CONTROLLED ENTITYTOWNSEND VERMONT HOLDINGS, INC. (EIN 27-0034707)P.O. BOX 70GRAFTON, VT 05146THIS ENTITY IS NOT AND EXCESS BUSINESS HOLDING COMPANY.DESCRIPTION OF TRANSFERRENT, MANAGEMENT FEES, MAINTENANCE & DIRECT EXPENSES REIMBURSEMENTS PAID TO THE WINDHAM FOUNDATION IN THE AMOUNT OF $1,350,613.INTEREST INCOME IN THE AMOUNT OF $137,008.

    TY 2017 InvestmentsCorpBondsSchedule
    Name:
    THE WINDHAM FOUNDATION INC
    EIN:
    13-6142024
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 3,288,613 3,288,613

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    THE WINDHAM FOUNDATION INC
    EIN:
    13-6142024
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MUTUAL FUNDS 3,948,790 3,948,790
    OTHER 701,130 701,130

    TY 2017 InvestmentsGovtObligationsSch
    Name:
    THE WINDHAM FOUNDATION INC
    EIN:
    13-6142024
    US Government Securities - End of Year Book Value:

    10,821,189
    US Government Securities - End of Year Fair Market Value:

    10,821,189
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2017 InvestmentsOtherSchedule2
    Name:
    THE WINDHAM FOUNDATION INC
    EIN:
    13-6142024
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENT IN AND ADVANCES TO SUBSIDIARY AT COST 9,303,076 9,303,076

    TY 2017 LegalFeesSchedule
    Name:
    THE WINDHAM FOUNDATION INC
    EIN:
    13-6142024
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 2,249 0 2,249 0


    TY 2017 OtherDecreasesSchedule
    Name:
    THE WINDHAM FOUNDATION INC
    EIN:
    13-6142024
    Description Amount
    EQUITY IN EARNINGS/LOSS SUBS 1,053,326
    CURRENT YEAR CHANGE IN PERSON OBLIGATION 178,361


    TY 2017 OtherExpensesSchedule
    Name:
    THE WINDHAM FOUNDATION INC
    EIN:
    13-6142024
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 45,850 0 45,850 20,284
    DAISY TURNER PROJECT 6,340 0 6,340 6,340
    BLACKSMITH PROJECT 388 0 388 388
    NURSERY EXPENSE 10,677 0 10,677 10,677
    SPECIAL EVENT 2,159 0 2,159 2,159
    MISC EXPENSE - ACTIVITY -294 0 -294 -294
    LICENSES, FILINGS 1,131 0 1,131 1,131
    TRAINING/CONTINUING EDUCATION 509 0 509 0
    FUEL COSTS 8,071 0 0 8,071


    TY 2017 OtherIncomeSchedule2
    Name:
    THE WINDHAM FOUNDATION INC
    EIN:
    13-6142024
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS INCOME 29,570   29,570
    SUBSIDIARY REIMBURSEMENT/MANAGEMENT FEES 1,100,617   1,100,617


    TY 2017 OtherIncreasesSchedule
    Name:
    THE WINDHAM FOUNDATION INC
    EIN:
    13-6142024
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 207,583


    TY 2017 OtherLiabilitiesSchedule
    Name:
    THE WINDHAM FOUNDATION INC
    EIN:
    13-6142024
    Description Beginning of Year - Book Value End of Year - Book Value
    OTHER ACCRUED EXPENSES 1,261,421 1,417,638


    TY 2017 OtherProfessionalFeesSchedule
    Name:
    THE WINDHAM FOUNDATION INC
    EIN:
    13-6142024
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING & INVESTMENT MANAGEMENT FEES 139,537 91,826 47,711 0


    TY 2017 TaxesSchedule
    Name:
    THE WINDHAM FOUNDATION INC
    EIN:
    13-6142024
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 50,344 0 50,344 22,272
    REAL ESTATE TAXES 249,242 0 249,242 110,265


    TY 2017 TransfersFrmControlledEntities
    Name:
    THE WINDHAM FOUNDATION INC
    EIN:
    13-6142024
    Name US /
    Foreign Address    		 EIN Description Amount
    TOWNSEND VERMONT HOLDINGS INC PO BOX 70
    GRAFTON,VT05146     		27-0034707 RENT, MANAGEMENT FEES, MAINTENANCE & DIRECT EXPENSES REIMBURSMENTS PAID TO THE WINDHAM FOUNDATION. 0
    Total     1,487,621