Form990-PF

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 10-01-2017 , and ending 09-30-2018
Name of foundation
WHITEHALL FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)POST OFFICE BOX 3423
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PALM BEACH, FL33480
A Employer identification number

13-5637595
B Telephone number (see instructions)

(561) 655-4474
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$117,983,277J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 33,760 33,760  
4 Dividends and interest from securities... 2,555,439 2,555,439  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 7,697,498
b Gross sales price for all assets on line 6a 48,945,699
7 Capital gain net income (from Part IV, line 2)... 7,697,498
8 Net short-term capital gain.........  
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 1,998 1,998  
12 Total. Add lines 1 through 11........ 10,288,695 10,288,695  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 119,047 89,285   29,762
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 16,140 12,105   4,035
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 104,649 26,162   78,487
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 265,881 65,935   22,407
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 64,335 0   64,335
21 Travel, conferences, and meetings....... 29,162 0   29,162
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,314,928 1,218,154   96,774
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,914,142 1,411,641   324,962
25 Contributions, gifts, grants paid....... 5,217,339 5,217,339
26 Total expenses and disbursements. Add lines 24 and 25 7,131,481 1,411,641   5,542,301
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,157,214
b Net investment income (if negative, enter -0-) 8,877,054
c Adjusted net income (if negative, enter -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.............      
2 Savings and temporary cash investments......... 5,802,577 1,368,027 1,368,027
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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..............      
9 Prepaid expenses and deferred charges..........   43,041 43,041
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 59,608,992 Click to see attachment67,182,454 76,025,945
c Investments—corporate bonds (attach schedule)....... 21,973,224 Click to see attachment21,244,905 20,630,789
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 18,054,798 Click to see attachment18,703,960 19,915,475
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 105,439,591 108,542,387 117,983,277
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment54,418 Click to see attachment0
23 Total liabilities (add lines 17 through 22)......... 54,418 0
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........ 108,778,323 111,935,537
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -3,393,150 -3,393,150
29 Total net assets or fund balances (see instructions)..... 105,385,173 108,542,387
30 Total liabilities and net assets/fund balances (see instructions). 105,439,591 108,542,387
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
105,385,173
2
Enter amount from Part I, line 27a .....................
2
3,157,214
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
108,542,387
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
108,542,387
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 SEE STATEMENT P 2017-03-31 2018-03-31
b INVESTMENT LOSS P 2017-03-31 2018-03-31
c
d
e
(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 48,945,699   41,171,751 7,773,948
b     76,450 -76,450
c
d
e
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       7,773,948
b       -76,450
c
d
e
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 7,697,498
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  
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 5,104,359 111,950,993 0.045595
2017 5,061,017 104,724,604 0.048327
2016 5,702,371 113,818,567 0.050101
2015 5,584,862 114,887,812 0.048611
2014 5,246,636 108,489,932 0.048361
2
Total of line 1, column (d) .....................
2
0.240995
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
0.048199
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
118,317,710
5
Multiply line 4 by line 3......................
5
5,702,795
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
88,771
7
Add lines 5 and 6........................
7
5,791,566
8
Enter qualifying distributions from Part XII, line 4,.............
8
5,542,301
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:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 177,541
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 0
3 Add lines 1 and 2........................... 3 177,541
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 177,541
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 217,951
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.............. 7 217,951
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 40,410
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet40,410 RefundedBullet 11 0
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)
    bulletNJ, FL
    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
     
    No
    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 .............
    11
     
    No
    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.WHITEHALL.ORG
    14
    The books are in care ofbulletGEORGE MOFFETT Telephone no.bullet (561) 655-4474

    Located atbulletPO BOX 3423PALM BEACHFL ZIP+4bullet33480
    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
     
     
    ........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
     
     
    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
    GEORGE M MOFFETT II PRESIDENT/TREASURER
    40.00     		119,047 7,500 0
    PO BOX 3423
    PALM BEACH,FL33480
    J WRIGHT RUMBOUGH VICE PRESIDENT/TRUSTEE
    0.00     		0 0 0
    PO BOX 3423
    PALM BEACH,FL33480
    CATHERINE M THOMAS CORPORATE SECRETARY/ASST.
    0.00     		0 0 0
    PO BOX 3423
    PALM BEACH,FL33480
    MR KENNETH S BEALL JR ESQ TRUSTEE
    0.00     		0 0 0
    PO BOX 3423
    PALM BEACH,FL33480
    JAMES R LOWELL III TRUSTEE
    0.00     		0 0 0
    PO BOX 3423
    PALM BEACH,FL33480
    MR E ANTHONY NEWTON TRUSTEE
    0.00     		0 0 0
    PO BOX 3423
    PALM BEACH,FL33480
    DEBORAH S GIBBONS-NEFF TRUSTEE
    0.00     		0 0 0
    PO BOX 3423
    PALM BEACH,FL33480
    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
    NONE
    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 NONE 0
    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 0
    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
    116,766,743
    b
    Average of monthly cash balances.......................
    1b
    3,352,760
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    120,119,503
    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
    120,119,503
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,801,793
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    118,317,710
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,915,886
    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
    5,915,886
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    177,541
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    177,541
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,738,345
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    5,738,345
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    5,738,345
    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
    5,542,301
    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
     
    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
    5,542,301
    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
    5,542,301
    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 5,738,345
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 3,296
    b Total for prior years:20, 20, 20 0
    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........ 0
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 5,542,301
    a Applied to 2018, but not more than line 2a 3,296
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2019 distributable amount..... 5,539,005
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2019. 0 0
    (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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    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......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		199,340
    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) .......     		0
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		0
    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
     
    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
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    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) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    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:
    GEORGE MOFFETT
    P O BOX 3423
    PALM BEACH,FL33480
    (561) 655-4474
    bThe form in which applications should be submitted and information and materials they should include:
    TWO PAGE SUMMARY OUTLINING THE STUDY
    cAny submission deadlines:
    DECEMBER 1, MARCH 1, AND SEPTEMBER 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    FOR BASIC BIOLOGICAL RESEARCH, AGRI-BUSINESS STUDIES AND NEUROBIOLOGY
    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
    ASSISTANCE LEAGUE MINNEAPOLIS
    6416 PENN AVE SOUTH
    MINNEAPOLIS,MN55423     		NONE 501(C)(3) BIOLOGICAL RESEARCH 500
    BARNARD COLLEGE
    3009 BROADWAY
    NEW YORK,NY10027     		NONE 501(C)(3) BIOLOGICAL RESEARCH 1,000
    BAYLOR COLLEGE OF MEDICINE
    BCM 310
    HOUSTON,TX77030     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    BELGRADE LAKES ASSOCIATION
    137 MAIN STREET PO BOX 551
    BELGRADE LAKES,ME04918     		NONE 501(C)(3) GENERAL PURPOSE 500
    BLUE HILL MEMORIAL HOSPITAL
    PO BOX 1029
    BLUE HILL,ME04614     		NONE 501(C)(3) GENERAL PURPOSE 2,000
    BLUE HILL PUBLIC LIBARY
    5 PARKER POINT ROAD
    BLUE HILL,ME04614     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    BOSTON UNIVERSITY
    ONE SIBER WAY
    BOSTON,MA02215     		NONE 501(C)(3) GENERAL PURPOSE 20,000
    BOSTON UNIVERSITY
    ONE SIBER WAY
    BOSTON,MA02215     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    BRANDEIS UNIVERSITY
    415 SOUTH STREET
    WALTHAM,MA02453     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    BRANDYWINE CONSERVANCY & MUSEUM OF ART
    1 HOFFMANS MILL ROAD
    CHADDS FORD,PA19317     		NONE 501(C)(3) GENERAL PURPOSE 500
    BRENTWOOD POLICEMAN'S ASSOCIATION
    150 CITY PARK WAY
    BRENTWOOD,CA94513     		NONE 501(C)(3) GENERAL PURPOSE 500
    BROWN UNIVERSITY
    69 BROWN STREET BOX 1822
    OCEANSIDE,RI02912     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    CALIFORNIA STATE POLYTECHNIC UNIVERSITY
    1 GRAND AVENUE
    SAN LUIS OBISPO,CA93407     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    CALMER CHOICE
    PO BOX 939
    SOUTH YARMOUTH,MA02664     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    CAPE COD HEALTHCARE FOUNDATION
    PO BOX 370
    HYANNIS,MA02601     		NONE 501(C)(3) BIOLOGICAL RESEARCH 500
    CAPE ELEUTHERA MARINE CONSERVATION
    PO BOX 6008
    LAWRENCEVILLE,NJ08648     		NONE 501(C)(3) GENERAL PURPOSE 3,500
    CARNEGIE MELLON UNIVERSITY
    SIX PPG PLACE 14TH FLOOR
    PITTSBURGH,PA15222     		NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    CARNEGIE MELLON UNIVERSITY
    SIX PPG PLACE 14TH FLOOR
    PITTSBURGH,PA15222     		NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    CHILDREN'S HOSPITAL BOSTON
    300 LONGWOOD AVE
    BOSTON,MA02215     		NONE 501(C)(3) GENERAL PURPOSE 20,000
    CHURCH OF ST MICHAEL & GEORGE
    PO BOX 100 ONE BUNGTOWN ROAD
    COLD SPRING HARBOR,NY11724     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    CITY UNIVERSITY OF NEW YORK CITY CENTER
    65-30 KISSENA BLVD
    QUEENS,NY11367     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    CITY UNIVERSITY OF NEW YORK QUEENS
    65-30 KISSENA BLVD
    QUEENS,NY11367     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    COLUMBIA UNIVERSITY
    630 WEST 168TH STREET
    NEW YORK,NY10032     		NONE 501(C)(3) GENERAL PURPOSE 31,266
    COLUMBIA UNIVERSITY
    630 WEST 168TH STREET
    NEW YORK,NY10032     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    COLUMBIA UNIVERSITY
    631 WEST 168TH STREET
    NEW YORK,NY10033     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    COMMUNITY FOUNDATION FOR PALM BEACH
    700 S DIXIE HIGHWAY
    WEST PALM,FL33401     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    CONNECTICUT COLLEGE
    270 MOHEGAN AVE
    NEW LONDON,CT06320     		NONE 501(C)(3) GENERAL PURPOSE 2,000
    CONVENT OF THE VISITATION SCHOOL
    2455 VISITATION DR
    MENDOTA HEIGHTS,MN55120     		NONE 501(C)(3) GENERAL PURPOSE 2,000
    CORINTHIAN SAILING FOUNDATION
    1 NAHANT STREET
    MARBLEHEAD,MA01945     		NONE 501(C)(3) GENERAL PURPOSE 2,000
    DARTMOUTH COLLEGE HANOVER
    7 LEBANON STREET SUITE 302 NO 6015
    HANOVER,NH03755     		NONE 501(C)(3) BIOLOGICAL RESEARCH 5,000
    DARTMOUTH COLLEGE HANOVER
    7 LEBANON STREET SUITE 302 NO 6015
    HANOVER,NH03755     		NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    DUKE UNIVERSITY
    BOX 90581
    DURHAM,NC27708     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    EXETER YOUTH LACROSSE ASSOCIATION
    GRANITE FIELDS
    KINGSTON,NH03833     		NONE 501(C)(3) GENERAL PURPOSE 500
    FLAGLER MUSEUM
    ONE WHITEHALL WAY
    PALM BEACH,FL33480     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    FRIENDS OF BOSTON UNIVERSITY TERRIER HOCKEY
    AGGANIS ARENA 925 COMMONWEALTH AVE
    BOSTON,MA02215     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    FRIENDS OF THE EASTERN PROMENADE
    PO BOX 16025
    PORTLAND,ME04412     		NONE 501(C)(3) GENERAL PURPOSE 500
    GEORGE STEVENS ACADEMY
    23 UNION STREET
    BLUE HILL,ME04614     		NONE 501(C)(3) GENERAL PURPOSE 2,000
    GEORGIA INSTITUTE OF TECHNOLOGY
    177 NORTH AVENUE NW
    ATLANTA,GA30332     		NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    GEORGIA STATE UNIVERSITY
    PO BOX 3965
    ATLANTA,GA30302     		NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    GULF STREAM COUNCIL BOY SCOUTS OF AMERICA
    8335 NORTH MILITARY TRAIL
    PALM BEACH GARDENS,FL33410     		NONE 501(C)(3) GENERAL PURPOSE 500
    HARVARD COLLEGE FUND CLASS OF 1958
    124 MOUNT AUBURN STREET
    CAMBRIDGE,MA02138     		NONE 501(C)(3) GENERAL PURPOSE 2,000
    HARVARD UNIVERSITY
    PO BOX 414413
    BOSTON,MA02241     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    HARVARD UNIVERSITY
    PO BOX 414413
    BOSTON,MA02251     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    HARVARD UNIVERSITY
    PO BOX 414413
    BOSTON,MA02241     		NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    HARVARD UNIVERSITY
    PO BOX 414413
    BOSTON,MA02241     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    HOSPICE FOUNDATION OF PALM BEACH COUNTY
    5300 EAST AVENUE
    WEST PALM BEACH,FL33407     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    INDEPENDENCE SEAPORT MUSEUM
    211 SOUTH COLUMBUS BLVD WALNUT
    STREET
    PHILADELPHIA,PA19106     		NONE 501(C)(3) GENERAL PURPOSE 8,000
    INDIANA UNIVERSITY BLOOMINGTON
    POST OFFICE BOX 6460
    INDIANAPOLIS,IN46206     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    INTERNATIONAL GAME FISH ASSOCIATION
    300 GULF STREAM WAY
    DANIA BEACH,FL33004     		NONE 501(C)(3) GENERAL PURPOSE 500
    JOHNS HOPKINS UNIVERSITY
    733 NORTH BROADWAY
    BALTIMORE,MD21205     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    KNEISEL HALL
    PO BOX 648
    BLUE HILL,ME04614     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    MAINE AUDUBON - DOWNEAST CHAPTER
    PO BOX 1212
    ELSWORTH,ME04605     		NONE 501(C)(3) BIOLOGICAL RESEARCH 2,000
    MARINE CORPS SCHOLARSHIP FOUNDATION
    121 SOUTH ST ASAPH
    ALEXANDRIA,VA22314     		NONE 501(C)(3) GENERAL PURPOSE 3,000
    MARY E BARTLETT LIBRARY
    ATTN MS MARILYN MOREHEAD 22 DALTON
    ROAD
    BRENTWOOD,NH03833     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    MIDDLESEX SCHOOL
    1400 LOWELL ROAD
    CONCORD,MA01742     		NONE 501(C)(3) GENERAL PURPOSE 3,000
    MISS PORTERS SCHOOL
    GIFTS ADMINISTRATOR 60 MAIN
    FARMINGTON,CT06032     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    MOUNT SINAI SCHOOL OF MEDICINE
    ONE GUSTAVE LEVY PLACE BOX 1049
    NEW YORK,NY10029     		NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    NEW YORK UNIVERSITY
    SCHOOL OF MEDICINE
    NEW YORK,NY10016     		NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    NEW YORK UNIVERSITY NEW YORK
    SCHOOL OF MEDICINE
    NEW YORK,NY10016     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    NEW YORK UNIVERSITY NEW YORK
    SCHOOL OF MEDICINE
    NEW YORK,NY10016     		NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    NEW YORK UNIVERSITY NEW YORK
    SCHOOL OF MEDICINE
    NEW YORK,NY10016     		NONE 501(C)(3) BIOLOGICAL RESEARCH 1,000
    NOBLE AND GREENOUGH SCHOOL
    360 HUNTINGTON AVE
    BOSTON,MA02215     		NONE 501(C)(3) BIOLOGICAL RESEARCH 2,500
    NORTHEASTERN UNIVERSITY
    360 HUNTINGTON AVE
    BOSTON,MA02215     		NONE 501(C)(3) GENERAL PURPOSE 4,667
    NORTHEASTERN UNIVERSITY
    360 HUNTINGTON AVE
    BOSTON,MA02215     		NONE 501(C)(3) BIOLOGICAL RESEARCH 20,000
    NORTHEASTERN UNIVERSITY
    360 HUNTINGTON AVE
    BOSTON,MA02215     		NONE 501(C)(3) BIOLOGICAL RESEARCH 4,667
    NORTHEASTERN UNIVERSITY
    360 HUNTINGTON AVE
    BOSTON,MA02215     		NONE 501(C)(3) BIOLOGICAL RESEARCH 4,667
    NORTHSHORE LIJ HOSPITAL AT GLEN COVE
    ATTN DIRECTOR SAINT ANDREWS LANE
    GLEN COVE,NY11542     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    NORTHWESTERN UNIVERSITY CHICAGO
    2300 CHILDRENS PLAZA 205
    CHICAGO,IL60614     		NONE 501(C)(3) GENERAL PURPOSE 74,000
    NORTHWESTERN UNIVERSITY CHICAGO
    2301 CHILDRENS PLAZA 205
    CHICAGO,IL60615     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    OREGON HEALTH SCIENCES UNIVERSITY
    2525 SW 1ST AVENUE
    PORTLAND,OR97201     		NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    PALM BEACH CIVIC ASSOCIATION
    139 NORTH COUNTY ROAD
    PALM BEACH,FL33480     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    PALM BEACH DAY ACADEMY
    ATTN HEADMASTER 241 SEAVIEW AVENUE
    PALM BEACH,FL33480     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    PALM BEACH FIRE RESCUE
    300 NORTH COUNTY ROAD
    PALM BEACH,FL33480     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    PENINSULA AMBULANCE CORPS INC
    ATTN DIRECTOR PO BOX 834
    BLUE HILL,ME04614     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    PHILLIPS EXETER ACADEMY
    20 MAIN ST
    EXETER,NH03833     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    PILGRIM UNITED CHURCH OF CHRIST
    ATTN BETTY LOU ORCUTT 416 MIDDLE
    ROAD
    BRENTWOOD,NH03833     		NONE 501(C)(3) GENERAL PURPOSE 1,500
    SAINT EDWARDS SCHOOL
    1895 ST EDWARDS DR
    VERO BEACH,FL32963     		NONE 501(C)(3) GENERAL PURPOSE 500
    SAINT FRANCIS BY THE SEA EPISCOPAL CHURCH
    ATTN TREASURER PO BOX 76
    BLUE HILL,ME04614     		NONE 501(C)(3) GENERAL PURPOSE 2,000
    SAINT PETERS CATHOLIC CHURCH
    1701 INDIAN CREEK PKWY
    JUPITER,FL33458     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    SEACOAST FAMILY PROMISE
    ATTN PATTI FREW-WATERS NETWORK
    DIRECTOR PO BOX 233
    STRATHAM,NH03885     		NONE 501(C)(3) GENERAL PURPOSE 1,500
    SELAMTA FAMILY PROJECT
    PO BOX 1857
    LAKE PLACID,FL33862     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    SITESALIVE FOUNDATION
    ATTN RICHARD WILSON PRESIDENT 8
    SKINNERS PATH
    MARBLEHEAD,MA01945     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    SPRINGSIDE CHESTNUT HILL ACADEMY
    500 W WILLOW GROVE AVE
    PHILADELPHIA,PA19118     		NONE 501(C)(3) GENERAL PURPOSE 2,000
    ST DAVIDS EPISCOPAL CHURCH
    763 SOUTH VALLEY FORGE ROAD
    WAYNE,PA19087     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    ST JOHN'S EPISCOPAL CHURCH
    810 WASHINGTON AVE
    LAKE WORTH,FL33460     		NONE 501(C)(3) GENERAL PURPOSE 500
    ST MARK'S SCHOOL
    1750 E OAKLAND PARK BLVD
    FORT LAUDERDALE,FL33334     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    STATE UNIVERSITY OF NEW YORK ALBANY
    353 BROADWAY
    ALBANY,NY12246     		NONE 501(C)(3) BIOLOGICAL RESEARCH 25,000
    STATE UNIVERSITY OF NEW YORK BUFFALO
    401 CROFTS HALL
    BUFFALO,NY14259     		NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    STATE UNIVERSITY OF NEW YORK BUFFALO
    402 CROFTS HALL
    BUFFALO,NY14260     		NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    THE CHURCH OF BETHESDA-BY-THE-SEA
    PO BOX 1057
    PALM BEACH,FL33480     		NONE 501(C)(3) GENERAL PURPOSE 500
    THE LAWRENCEVILLE SCHOOL
    ATTN DEVELOPMENT DIRECTOR PO BOX
    6008
    LAWRENCEVILLE,NJ08648     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    THE MARGAUX POWERS MEMORIAL
    THE TAFT SCHOOL ATTN CHRISTOPHER R
    110
    WATERTOWN,CT06795     		NONE 501(C)(3) GENERAL PURPOSE 3,000
    THE MARINER'S MUSEUM
    100 MUSEUM DRIVE
    NEWPORT NEWS,VA23606     		NONE 501(C)(3) GENERAL PURPOSE 500
    THE PILOT SCHOOL
    100 GARDEN OF EDEN ROAD TALLEYVILLE
    WILMINGTON,DE19803     		NONE 501(C)(3) GENERAL PURPOSE 3,000
    THE TAFT SCHOOL
    110 WOODBURY ROAD
    WATERTOWN,CT06795     		NONE 501(C)(3) BIOLOGICAL RESEARCH 500
    TOWN OF PALM BEACH UNITED WAY INC
    44 COCONUT ROW M201
    PALM BEACH,FL33480     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    TRINITY COLLEGE THE LONG WALK SOCIETY
    ATTN GRAYSON K BRYANT DIRECTOR OF
    DEVELOPMENT 700 ROUTE 22
    PAWLING,NY12564     		NONE 501(C)(3) GENERAL PURPOSE 500
    TRUSTEES UNIVERSITY OF PENNSYLVANIA
    433 FRANKLIN BUILDING 3451 WALNUT
    STREET
    PHILADELPHIA,PA19104     		NONE 501(C)(3) GENERAL PURPOSE 500
    TUCSON JEWISH COMMUNITY CENTER
    ERIN SHOENBERG 3800 EAST RIVER
    DRIVE
    TUCSON,AZ85718     		NONE 501(C)(3) GENERAL PURPOSE 500
    UNITED WAY OF ADDISON COUNTY
    ATTN DIRECTOR PO BOX 555
    MIDDLEBURY,VT05753     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    UNIVERSITY OF CALIFORNIA BERKELEY
    2200 UNIVERSITY AVENUE
    BERKELEY,CA94704     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF CALIFORNIA DAVIS
    1 SHIELDS AVE
    DAVIS,CA95616     		NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF CALIFORNIA IRVINE
    510 ALDRICH HALL 5
    IRVINE,CA92617     		NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF CALIFORNIA LOS ANGELES
    11000 KINROSS AVENUE
    LOS ANGELES,CA90024     		NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF CALIFORNIA RIVERSIDE
    200 UNIVERSITY OFFICE BUILDING
    RIVERSIDE,CA92521     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF CALIFORNIA RIVERSIDE
    200 UNIVERSITY OFFICE BUILDING
    RIVERSIDE,CA92521     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF CALIFORNIA SAN DIEGO
    9500 GILMAN DRIVE
    LA JOLLA,CA92093     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF CALIFORNIA SAN FRANCISCO
    UCSF BOX 0248
    SAN FRANCISCO,CA94143     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF CALIFORNIA SAN FRANCISCO
    UCSF BOX 0248
    SAN FRANCISCO,CA94143     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF CALIFORNIA SAN FRANCISCO
    UCSF BOX 0248
    SAN FRANCISCO,CA94143     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF CHICAGO
    6030 SOUTH ELLIS AVENUE
    CHICAGO,IL60637     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF CHICAGO
    6030 SOUTH ELLIS AVENUE
    CHICAGO,IL60637     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF COLORADO BOULDER
    2055 REGENT DRIVE RM 101
    BOULDER,CO80309     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF COLORADO BOULDER
    2055 REGENT DRIVE RM 101
    BOULDER,CO80309     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF COLORADO DENVER
    1201 LARIMER STREET
    DENVER,CO80204     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF ILLINOIS URBANA-CHAMPAIGN
    901 WEST ILLINOIS STREET
    URBANA,IL61801     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF ILLINOIS URBANA-CHAMPAIGN
    901 WEST ILLINOIS STREET
    URBANA,IL61801     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF MARYLAND BALTIMORE
    620 W LEXINGTON ST
    BALTIMORE,MD21201     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF MASSACHUSETTS WORCESTER
    55 LAKE AVENUE NORTH
    WORCESTER,MA01655     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF MICHIGAN
    FLEMING ADMINISTRATION BUILDING
    ANN ARBOR,MI48109     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF MICHIGAN
    FLEMING ADMINISTRATION BUILDING
    ANN ARBOR,MI48109     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF MINNESOTA TWIN CITIES
    99 CHURCH STREET
    MINNEAPOLIS,MN55455     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF MINNESOTA TWIN CITIES
    99 CHURCH STREET
    MINNEAPOLIS,MN55455     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF NORTH CAROLINA CHAPEL HILL
    PO BOX 309
    CHAPEL HILL,NC27514     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF OREGON
    1585 E 13TH AVE
    EUGENE,OR97403     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF PENNSYLVANIA
    433 FRANKLIN BUILDING 3451 WALNUT
    STREET
    PHILADELPHIA,PA19104     		NONE 501(C)(3) GENERAL PURPOSE 2,500
    UNIVERSITY OF PENNSYLVANIA
    433 FRANKLIN BUILDING 3451 WALNUT
    STREET
    PHILADELPHIA,PA19104     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF PENNSYLVANIA
    433 FRANKLIN BUILDING 3451 WALNUT
    STREET
    PHILADELPHIA,PA19104     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF PENNSYLVANIA
    433 FRANKLIN BUILDING 3451 WALNUT
    STREET
    PHILADELPHIA,PA19104     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF PITTSBURGH
    128 NORTH CRAIG STREET
    PITTSBURGH,PA15260     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF PITTSBURGH
    128 NORTH CRAIG STREET
    PITTSBURGH,PA15260     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF PUERTO RICO
    128 NORTH CRAIG STREET
    PITTSBURGH,PA15260     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF TEXAS AUSTIN
    UNIVERSITY OF TEXAS AUSTIN
    AUSTIN,TX78712     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF WISCONSIN MADISON
    702 WEST JOHNSON STREET
    MADISON,WI537151007     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNIVERSITY OF WISCONSIN MADISON
    702 WEST JOHNSON STREET
    MADISON,WI537151007     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    UNUSED GRANT CHILDREN'S NATIONAL
    111 MICHIGAN AVE
    NW WASHINGTON,DC20010     		NONE 501(C)(3) GENERAL PURPOSE -8,400
    UNUSED GRANT UNIVERSITY OF MICHIGAN
    FLEMING ADMINISTRATION BUILDING
    ANN ARBOR,MI48109     		NONE 501(C)(3) GENERAL PURPOSE -28
    USEA AREA 1
    111 NORTH ST
    KENNEBUNKPORT,ME04046     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    VANDERBILT UNIVERSITY
    PMB 407727 2301 VANDERBILT PLACE
    NASHVILLE,TN37240     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    WASHINGTON AND LEE UNIVERSITY
    ATTN DIRECTOR OF CORPORATE 204 W
    WASHINGTON ST
    LEXINGTON,VA24450     		NONE 501(C)(3) GENERAL PURPOSE 3,500
    WASHINGTON UNIVERSITY IN STLOUIS
    CAMPUS BOX 1082 ONE BROOKINGS DRIVE
    ST LOUIS,MO63130     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    WE CAN CENTER
    783 ROUTE 28
    HARWICH PORT,MA02646     		NONE 501(C)(3) GENERAL PURPOSE 500
    WILLIAM STURGIS FRIENDS OF EDUCATION FOUNDATION
    427 MAIN ST
    HYANNIS,MA02601     		NONE 501(C)(3) GENERAL PURPOSE 4,000
    WOODS HOLE OCEANOGRAPHIC INSTITUTE
    ATTN DIRECTOR OF FENNO HOUSE MS 40
    WOODS HOLE,MA02543     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    YALE UNIVERSITY
    PO BOX 208250
    NEW HAVEN,CT06508     		NONE 501(C)(3) GENERAL PURPOSE 20,000
    YALE UNIVERSITY
    PO BOX 208250
    NEW HAVEN,CT06508     		NONE 501(C)(3) GENERAL PURPOSE 15,000
    YOUNG HARRIS COLLEGE
    PO BOX 275
    YOUNG HARRIS,GA30582     		NONE 501(C)(3) GENERAL PURPOSE 500
    Total .................................bullet 3a 5,217,339
    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 33,760  
    4 Dividends and interest from securities....     14 2,555,439  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     18 1,998  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 7,697,498  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 10,288,695 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    10,288,695
    (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.)
    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

    TY 2017 AccountingFeesSchedule
    Name:
    WHITEHALL FOUNDATION INC
    EIN:
    13-5637595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 104,649 26,162   78,487

    TY 2017 InvestmentsCorpBondsSchedule
    Name:
    WHITEHALL FOUNDATION INC
    EIN:
    13-5637595
    Name of Bond End of Year Book Value End of Year Fair Market Value
    FIXED INCOME SECURITIES 21,244,905 20,630,789

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    WHITEHALL FOUNDATION INC
    EIN:
    13-5637595
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 174,119 252,852
    ACTIVISION BLIZZARD INC 70,651 253,730
    AETNA INC 51,675 131,853
    APPLE INC. 210,914 451,480
    BALL CORP 218,808 237,546
    BERKSHIRE HATHAWAY INC DEL CL B 312,568 482,818
    BOEING CO 99,636 288,223
    BROOKFIELD ASSET MANAGE-C 255,147 272,746
    CHUBB LTD 350,031 350,137
    CISCO SYSTEMS INC 222,038 389,200
    CSX CORP 229,832 407,275
    DODGE & COX INTL STOCK FUND 2,621,895 2,490,463
    FCB FINANCIAL HOLDINGS-CL A 162,436 147,888
    FIDELITY 500 INDEX FD-AI 13,139,802 14,341,876
    FIDELITY INTERNATIONAL INDEX FUND 5,035,699 4,869,266
    GOLDMAN SACHS GROUP INC 306,636 380,087
    GOOGLE INC CLASS C 188,288 417,715
    HCA HOLDINGS INC 228,918 459,096
    HILL-ROM HOLDINGS, INC 70,342 151,040
    INTERCONTINENTAL EXCHANGE, INC 165,646 327,269
    ISHARES CORE MSCI EMERGING 2,631,548 2,644,042
    ISHARES MSCI INDIA ETF 1,201,064 1,212,430
    ISHARES INC MSCI JAPAN NEW 2,473,291 2,539,868
    JP MORGAN CHASE & CO 182,400 541,632
    MATTHEWS ASIA DIVIDEND-INST 3,080,859 3,707,550
    MCDONALD'S CORP 114,094 117,103
    METHANEX CORP 85,026 158,200
    MICROSOFT CORP 107,910 125,807
    MONDELEZ INTERNATIONAL-W/I 122,949 176,136
    MOTOROLA SOLUTIONS, INC. 206,624 442,476
    NEUBERGER BER GR CHINA EQ-IS 886,465 1,284,058
    OAKMARK FUND-INST 7,084,310 7,068,442
    OAKMARK INTERNATIONAL FD-I 9,176,589 9,607,569
    P SCHWAB CHARLES CORP 150,517 289,985
    PAYPAL HOLDINGS INC-W/I 88,543 230,580
    PFIZER INC 108,807 295,269
    RAYTHEON CO 29,327 216,993
    ROCKWELL AUTOMATION INC 140,091 193,146
    SCHLUMBERGER LTD 146,832 97,472
    SCOTTS MIRACLE-GRO COMPANY 101,127 117,701
    SEALED AIR CORP 176,759 196,735
    SHERWIN-WILLIAMS CO/THE 105,138 122,907
    SPDR S&P 500 ETF TRUST 4,122,839 5,745,499
    STANLEY BLACK & DECKER,INC. 267,093 375,619
    US FOODS HOLDING CORP 375,587 434,562
    VANGUARD FTSE EMERGING MARKE 5,818,265 5,964,530
    XTRACKERS MSCI JAPAN HEDGED EQUITY 2,378,637 2,924,630
    SPDR S&P OIL & GAS EXP & PR 1,141,371 1,359,306
    ANALOG DEVICES INC 225,948 256,577
    EOG RESOURCES INC 118,154 191,355
    MARTIN MARIETTA MATERIALS 92,543 81,878
    NIKE INC - CL B 126,666 203,328

    TY 2017 InvestmentsOtherSchedule2
    Name:
    WHITEHALL FOUNDATION INC
    EIN:
    13-5637595
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALTERNATIVE ASSETS AT COST 18,703,960 19,915,475

    TY 2017 OtherExpensesSchedule
    Name:
    WHITEHALL FOUNDATION INC
    EIN:
    13-5637595
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 3,185 796   2,389
    OFFICE EXPENSE 29,420 7,355   22,065
    TELEPHONE 6,428 1,607   4,821
    POSTAGE 1,995 499   1,496
    SCIENTIFIC ADVISOR 66,003 0   66,003
    MANAGEMENT FEES 1,207,897 1,207,897   0


    TY 2017 OtherIncomeSchedule2
    Name:
    WHITEHALL FOUNDATION INC
    EIN:
    13-5637595
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 1,998 1,998 1,998


    TY 2017 OtherLiabilitiesSchedule
    Name:
    WHITEHALL FOUNDATION INC
    EIN:
    13-5637595
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL EXCISE TAX PAYABLE 54,418 0


    TY 2017 TaxesSchedule
    Name:
    WHITEHALL FOUNDATION INC
    EIN:
    13-5637595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 177,541 0   0
    PAYROLL TAXES 87,698 65,774   21,925
    PROPERTY TAXES 642 161   482