TY 2018 Form 990PF

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	102,595	5,215	5,215
	2	Savings and temporary cash investments.........	2,008	2,038	2,038
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	772,515	772,515	281,230
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	877,118	779,768	288,483
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	877,118	779,768
	30	Total net assets or fund balances (see instructions).....	877,118	779,768
	31	Total liabilities and net assets/fund balances (see instructions).	877,118	779,768

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2
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 ...................	3

(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))
2017	352,845	638,307	0.55278
2016	213,014	919,148	0.23175
2015	645,606	1,617,481	0.39914
2014	507,932	1,804,878	0.28142
2013	262,543	2,095,258	0.12530

Total of line 1, column (d) .....................

1.590403

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 ......

0.318081

Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......

635,571

Multiply line 4 by line 3......................

202,163

Enter 1% of net investment income (1% of Part I, line 27b)...........

Add lines 5 and 6........................

202,163

Enter qualifying distributions from Part XII, line 4,.............

194,900

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.

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	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	1
	hereand 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	1
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	1
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............	7
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.	8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9	1
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax	Refunded	11

(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
ROBERT SCOTT ASEN	Trustee 10.00	0
222 1/2 EAST 49TH STREET NEW YORK,NY100171554

		(a) Corpus	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7			31,778
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2018:
a From 2013......	161,299
b From 2014......	431,978
c From 2015......	573,980
d From 2016......	169,429
e From 2017......	320,940
fTotal of lines 3a through e........		1,657,626
4Qualifying distributions for 2018 from Part
XII, line 4: $ 194,900
a Applied to 2017, 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)........		0
d Applied to 2018 distributable amount.....			31,778
e Remaining amount distributed out of corpus		163,122
5 Excess distributions carryover applied to 2018.
(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		1,820,748
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 2017. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2018. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2019 ..........			0
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 2013 not applied on line 5 or line 7 (see instructions) ...		161,299
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		1,659,449
10 Analysis of line 9:
a Excess from 2014....	431,978
b Excess from 2015....	573,980
c Excess from 2016....	169,429
d Excess from 2017....	320,940
e Excess from 2018....	163,122

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) 2018	(b) 2017	(c) 2016	(d) 2015	(e) Total

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

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CHECKERBOARD FOUNDATION INC 1 EAST 53RD STREET 14TH FLOOR NEW YORK,NY10022	None	EOF	Support	1,000
TURTLE BAY TREE FUND 208 EAST 51ST STREET 238 NEW YORK,NY10022	None	EOF	Support	250
HOUSATONIC VALLEY ASSOCATION INC PO BOX 28 CORNWALL BRIDGE,CT06754	None	EOF	Support	5,000
THE CANAAN FOUNDATION INC PO BOX 823 CANAAN,CT06018	None	EOF	Support	1,000
TARGET MARGIN THEATER INC 138 SOUTH OXFORD STREET ROOM 5A BROOKLYN,NY11217	None	EOF	Support	1,000
LA MAMA EXPERIMENTAL THEATRE CLUB I 74A EAST 4TH STREET NEW YORK,NY10003	None	EOF	Support	5,000
SMILE TRAIN INC PO BOX 296246 WASHINGTON,DC20090	None	EOF	Support	1,500
DOCTORS WITHOUT BORDERS USA 40 RECTOR STREET 16TH FLOOR NEW YORK,NY10006	None	EOF	Support	10,000
NORFOLK LIBRARY INC P O BOX 605 NORFOLK,CT06058	None	EOF	Support	500
WORLD SCIENCE FOUNDATION 475 RIVERSIDE DRIVE SUITE 950 NEW YORK,NY10115	None	EOF	Support	5,000
TRI-STATE PUBLIC COMMUNICATIONS 67 MAIN STREET SHARON,CT06069	None	EOF	Support	1,000
WEANTINOGE HERITAGE LAND TRUST INC 5 MAPLE STREET PO BOX 821 KENT,CT06757	None	EOF	Support	2,500
BOMB MAGAZINE - NEW ART PUBLICATION 80 HANSON PLACE 703 BROOKLYN,NY11217	None	EOF	Support	500
ANIMAL MEDICAL CENTER 510 EAST 62ND STREET NEW YORK,NY10065	None	EOF	Support	10,000
CONNECTICUT FUND FOR THE ENVIRONMEN 900 CHAPEL STREET SUITE 2202 NEW HAVEN,CT06510	None	EOF	Support	250
DOUGLAS LIBRARY 108 MAIN STREET PO BOX 608 NORTH CANAAN,CT06018	None	EOF	Support	250
HARVARD MAGAZINE INC PO BOX 414946 BOSTON,MA02241	None	EOF	Support	100
THE NATIONAL BOOK FOUNDATION INC 90 BROAD STREET STE 604 NEW YORK,NY10004	None	EOF	Support	1,250
THE NEIGHBORHOOD HOUSE PO BOX 332 NORTHEAST HARBOR,ME04662	None	EOF	Support	250
AMERICAN FOLK ART MUSEUM 47-29 32ND PLACE LONG ISLAND CITY,NY11101	None	EOF	Support	10,000
CANAAN COMMUNITY TRUST PO BOX 823 CANAAN,CT06018	None	EOF	Support	2,000
WOMEN'S SUPPORT SERVICES PO BOX 341 SHARON,CT06069	None	EOF	Support	300
BIG LIFE FOUNDATION USA 1715 NORTH HERON DRIVE RIDGEFIELD,WA98642	None	EOF	Support	50,000
MUSO INC 3254 19TH STREET 2ND FLOOR SAN FRANCISCO,CA94110	None	EOF	Support	50,000
THE AUTHORS GUILD FOUNDATION INC 31 EAST 32ND STREET 7TH FLOOR NEW YORK,NY10016	None	EOF	Support	1,000
NETWORK 20 20 INC 25 WEST 39TH STREET 14TH FLOOR NEW YORK,NY10018	None	EOF	Support	1,000
ALLIANCE FOR YOUNG ARTISTS WRITERS 557 BROADWAY NEW YORK,NY10012	None	EOF	Support	1,000
NORTHEAST HARBOR LIBRARY PO BOX 279 NORTHEAST HARBOR,ME04662	None	EOF	Support	250
THE CHAMBER MUSIC SOCIETY OF LINCOL 70 LINCOLN CENTER PLAZA NEW YORK,NY10023	None	EOF	Support	2,500
REPORTERS COMMITTEE FOR FREEDOM OF 1156 15TH STREET NW STE 1250 WASHINGTON,DC20005	None	EOF	Support	15,000
NEW YORK PUBLIC RADIO PO BOX 1550 NEW YORK,NY10016	None	EOF	Support	1,000
HEARING LOSS ASSOCIATION OF AMERICA 180 RIVERSIDE DRIVE APT 14E NEW YORK,NY10024	None	EOF	Support	1,000
THE ENGLISH CONCERT IN AMERICA INC 207 DEPEW STREET DUPONT,NJ07628	None	EOF	Support	1,000
LAPHAM'S QUARTERLY - AMERICAN AGORA 116 EAST 16TH STREET 8TH FLOOR NEW YORK,NY10003	None	EOF	Support	2,500
VILLAGE COOPERATIVE INC 4619 N PARK AVE INDIANAPOLIS,IN46205	None	EOF	Support	10,000
Total ................................. 3a				194,900

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	100,000
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	30		30	30
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10
b	Gross sales price for all assets on line 6a
7	Capital gain net income (from Part IV, line 2)...
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).......
12	Total. Add lines 1 through 11........	100,030		30	30
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		2,350
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		130
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	2,480		0		0
25	Contributions, gifts, grants paid.......	194,900				194,900
26	Total expenses and disbursements. Add lines 24 and 25	197,380		0		194,900
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-97,350
b	Net investment income (if negative, enter -0-)			30
c	Adjusted net income (if negative, enter -0-)...				30

(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.)
1a
b
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
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(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
b
c
d
e

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


(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...................

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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 ...........
4 Dividends and interest from securities....			14	30
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.....
8 Gain or (loss) from sales of assets other than inventory ............
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)..				30

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Name of organization The Asen Foundation co R Scott Asen

Part I	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	ROBERT SCOTT ASEN 222 1/2 EAST 49TH STREET NEW YORK, NY100171554	$ 100,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

Name of organization The Asen Foundation co R Scott Asen		Employer identification number 20-7361210

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) (2018)


Name of organization The Asen Foundation co R Scott Asen			Employer identification number 20-7361210
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.) $ Use duplicate copies of Part III if additional space is needed.

Software ID:	18007218
Software Version:	2018v3.1