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
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
THE PALETTE FUND INC
 
Number and street (or P.O. box number if mail is not delivered to street address)115 BRADFORD STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PROVINCETOWN, MA02657
A Employer identification number

26-2736653
B Telephone number (see instructions)

(646) 861-3292
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$13,367,857J 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) 1,600
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 272,209 272,209 272,209
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 350,665
b Gross sales price for all assets on line 6a 1,863,832
7 Capital gain net income (from Part IV, line 2)... 350,665
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 41,206 41,206 41,206
12 Total. Add lines 1 through 11........ 665,680 664,080 313,415
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 62,500 0 0 62,500
14 Other employee salaries and wages...... 190,317 64,786 0 125,531
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 153,039 56,800 0 70,661
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 28,400 5,221 0 14,861
19 Depreciation (attach schedule) and depletion... Click to see attachment 44,458 0 44,458
20 Occupancy.............. 9,918 0 0 9,918
21 Travel, conferences, and meetings....... 163,094 0 0 163,094
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 218,765 82,518 0 136,247
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 870,491 209,325 44,458 582,812
25 Contributions, gifts, grants paid....... 1,343,635 1,343,635
26 Total expenses and disbursements. Add lines 24 and 25 2,214,126 209,325 44,458 1,926,447
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,548,446
b Net investment income (if negative, enter -0-) 454,755
c Adjusted net income (if negative, enter -0-)... 268,957
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 125,617 804,967 804,967
2 Savings and temporary cash investments......... 1,479,219 123,755 123,755
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.......... 3,951 3,951 3,951
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 7,101,376 Click to see attachment5,303,705 5,303,705
c Investments—corporate bonds (attach schedule)....... 3,583,135 Click to see attachment3,483,521 3,483,521
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,155,127 Click to see attachment2,487,674 2,487,674
14 Land, buildings, and equipment: basis bullet1,286,241
Less: accumulated depreciation (attach schedule) bullet125,957 1,172,081 Click to see attachment1,160,284 1,160,284
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,620,506 13,367,857 13,367,857
Liabilities 17 Accounts payable and accrued expenses.......... 53,021 50,182
18 Grants payable................. 1,520,940 1,078,000
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)    
23 Total liabilities (add lines 17 through 22)......... 1,573,961 1,128,182
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 15,046,545 12,239,675
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
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    
30 Total net assets or fund balances (see instructions)..... 15,046,545 12,239,675
31 Total liabilities and net assets/fund balances (see instructions). 16,620,506 13,367,857
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 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
15,046,545
2
Enter amount from Part I, line 27a .....................
2
-1,548,446
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
13,498,099
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,258,424
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
12,239,675
Form 990-PF (2018)
Form 990-PF (2018)
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 MORGAN STANLEY - A/C # 876038660335      
b MORGAN STANLEY - A/C # 876014425335      
c MORGAN STANLEY - A/C # 876042482335      
d MORGAN STANLEY - A/C # 876118335335      
e MORGAN STANLEY - A/C # 876038660335      
MORGAN STANLEY - A/C # 876014425335      
MORGAN STANLEY - A/C # 876042482335      
MORGAN STANLEY - A/C # 876014425335      
(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 135,865   132,419 3,446
b 91,790   99,690 -7,900
c 58,176   62,241 -4,065
d 99,125   99,809 -684
e 427,218   411,991 15,227
603,958   452,174 151,784
7,017   9,715 -2,698
440,683   245,128 195,555
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       3,446
b       -7,900
c       -4,065
d       -684
e       15,227
      151,784
      -2,698
      195,555
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 2 350,665
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 -8,519
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))
2017 1,725,854 16,420,165 0.105106
2016 1,633,108 17,025,496 0.095921
2015 2,033,528 17,934,517 0.113386
2014 1,611,616 19,106,892 0.084347
2013 1,674,322 19,600,745 0.085421
2
Total of line 1, column (d) .....................
2
0.484181
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
0.096836
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
14,832,994
5
Multiply line 4 by line 3......................
5
1,436,368
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
4,548
7
Add lines 5 and 6........................
7
1,440,916
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,926,447
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 (2018)
Form 990-PF (2018)
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 4,548
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 4,548
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 4,548
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 3,951
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 6,049
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,000
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,452
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet5,452 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)
    bulletMA, NY
    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 2018 or the taxable year beginning in 2018? 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 (2018)
    Form 990-PF (2018)
    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.THEPALETTEFUND.ORG
    14
    The books are in care ofbulletTERRENCE MECK Telephone no.bullet (646) 861-3292

    Located atbullet115 BRADFORD STREETPROVINCETOWNMA ZIP+4bullet02657
    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 2018, 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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    TERRENCE MECK PRESIDENT
    40.00     		62,500 0 0
    115 BRADFORD STREET
    PROVINCETOWN,MA02657
    PETER BENASSI CHAIR
    1.00     		0 0 0
    115 BRADFORD STREET
    PROVINCETOWN,MA02657
    KRISTIN RESNANSKY SECRETARY & TREASURER
    1.00     		0 0 0
    115 BRADFORD STREET
    PROVINCETOWN,MA02657
    TODD SEARS DIRECTOR
    1.00     		0 0 0
    115 BRADFORD STREET
    PROVINCETOWN,MA02657
    BLAIRE MILANESE DIRECTOR
    1.00     		0 0 0
    115 BRADFORD STREET
    PROVINCETOWN,MA02657
    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
    CLARABELLE A RODRIGUEZ N/A
    40.00     		125,531 0 0
    311 W 17TH STREET APT 3A
    NEW YORK,NY10011
    RYAN FULLER N/A
    40.00     		64,786 0 0
    6193 HONEY HOLLOW ROAD
    DOYLESTOWN,PA18902
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    MORGAN STANLEY INVESTMENT ADVISORY 79,112
    1585 BROADWAY
    NEW YORK,NY10036
    VAID GROUP CONSULTING 51,000
    230 WEST END AVE
    NEW YORK,NY10023
    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  
    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 (2018)
    Form 990-PF (2018)
    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
    12,545,669
    b
    Average of monthly cash balances.......................
    1b
    1,348,972
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,164,236
    d
    Total (add lines 1a, b, and c).........................
    1d
    15,058,877
    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
    15,058,877
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    225,883
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    14,832,994
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    741,650
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    741,650
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    4,548
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,548
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    737,102
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    737,102
    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
    737,102
    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
    1,926,447
    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
    1,926,447
    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
    4,548
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,921,899
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 737,102
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 713,409
    b From 2014...... 672,877
    c From 2015...... 1,081,773
    d From 2016...... 786,407
    e From 2017...... 911,812
    fTotal of lines 3a through e........ 4,166,278
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 1,926,447
    a Applied to 2017, but not more than line 2a 0
    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 2018 distributable amount..... 737,102
    e Remaining amount distributed out of corpus 1,189,345
    5 Excess distributions carryover applied to 2018. 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 5,355,623
    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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    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) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		713,409
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		4,642,214
    10 Analysis of line 9:
    a Excess from 2014.... 672,877
    b Excess from 2015.... 1,081,773
    c Excess from 2016.... 786,407
    d Excess from 2017.... 911,812
    e Excess from 2018.... 1,189,345
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    ALLY COALITION
    529 5TH AVE
    NEW YORK,NY10017     		    GRANT 20,000
    BROADWAY CARES GRANT
    165 WEST 46TH STREET STE 1300
    NEW YORK,NY10036     		    GRANT 12,500
    BROTO PROJECT
    460 COMMERICAL STREET
    PROVINCETOWN,MA02657     		    GRANT 15,000
    CENTERLINK
    P O BOX 24490
    FORT LAUDERDALE,FL33307     		    GRANT 20,000
    DOC SOCIETY
    20 JAY STREET STE 1008
    BROOKLYN,NY11201     		    GRANT 20,000
    EFFORTS OF GRACE
    1712 ORETHA CASTLE HALEY BLVD
    NEW ORLEANS,CA70113     		    GRANT 10,000
    EQUALITY FEDERATION INSTITUTE
    818 SW 3RD AVE 441
    PORTLAND,OR97204     		    GRANT 20,000
    FINE ARTS WORK CENTER
    24 PEARL STREET
    PROVINCETOWN,MA02657     		    GRANT 15,000
    FRIENDS OF THE HIGHLINE
    820 WASHINGTON STREET
    NEW YORK,NY10014     		    GRANT 15,000
    GAMAL PALMER-GLOBAL EYE ENTREPR
    8424 SANTA MONICA BLVD SUITE 576
    WEST HOLLYWOOD,CA90069     		    GRANT 25,000
    GLBTQ LEGAL ADVOCATES & DEFENDER
    18 TREMONT STREET STE 950
    BOSTON,MA02108     		    GRANT 20,000
    GOD'S LOVE WE DELIVER-CONT
    166 AVENUE OF THE AMERICAS
    NEW YORK,NY10013     		    GRANT 24,221
    HETRICK-MARTIN INSTITUTE
    2 ASTOR PLACE
    NEW YORK,NY10003     		    GRANT 26,000
    IAN EDWARDS TEDX PROVINCETOWN
    35 PROVINCE ROAD
    PROVINCETOWN,MA02657     		    GRANT 6,000
    LATINO COMMUNITY FOUNDATION
    ONE EMBARCADERO CENTER SUITE 1400
    SAN FRANCISCO,CA94111     		    GRANT TO SUPPORT PROGRAMS 25,000
    LEADERSHIP FOR EDUCATIONAL EQUI
    1805 7TH STREET NW 6TH FLOOR
    WASHINGTON,WA20001     		    GRANT 25,000
    LGBTHIV CRIMINAL JUSTICE WORKI
    POB 231126
    BOSTON,MA02123     		    GRANT 25,000
    MAP
    1905 15TH STREET 1097
    BOULDER,CO80306     		    GRANT 50,000
    MEDIA MATTERS FOR AMERICA
    455 MASSACHUETTS AVE NW SUITE 600
    WASHINGTON,WA20001     		    GRANT 25,000
    MEDICAL REVOLUTION
    3470 WILSHIRE BLVD STE 980
    LOS ANGELES,CA90010     		    GRANT 25,000
    PAAM
    460 COMMERICAL STREET
    PROVINCETOWN,MA02657     		    GRANT 5,000
    POINT SOURCE YOUTH
    425 HANCOCK STREET
    BROOKLYN,NY11205     		    POINT SOURCE YOUTH AND IT'S EXPANSION TO END YOUTH HOMELESSNESS IN NEW YORK CITY, BALTIMORE, HARTFOR 41,500
    POLARIS GRANT
    POB 65323
    WASHINGTON,WA20035     		    GRANT 20,000
    PROVINCETOWN 400
    POB 1620
    PROVINCETOWN,RI26570     		    GENERAL OPERATING SUPPORT FUNDS TO SUPPORT THE EXECUTIVE DIRECTOR POSITION AT PILGRIMS' FIRST LANDIN 20,000
    PROVINCETOWN FILM SOCIETY
    POB 605
    PROVINCETOWN,MA02657     		    GRANT 15,000
    PUBLIC SQUARE FILMS
    3405 CAZADOR STREET
    LOS ANGELES,CA90065     		    GRANT 62,500
    QUEER KIDS GRANT
    273 HICKS STREET
    BROOKLYN,NY11201     		    GRANT 25,000
    READ AHEAD
    50 BROAD STREET STE 1720
    NEW YORK,NY10004     		    GRANT 10,000
    RESOURCE GENERATION
    18 WEST 27TH STREET FLOOR 2
    NEW YORK,NY10001     		    GRANT 15,000
    ROSIE THEATER KIDS
    445 WEST 45TH STREET
    NEW YORK,NY10036     		    GRANT 10,000
    THE CENTER FOR ANTI-VIOLENCE ED
    327 7TH STREET 2
    BROOKLYN,NY11215     		    GRANT 12,500
    THE CENTER FOR FAMILY AND COMMU
    100 HAVEN AVENUE STE 27D
    NEW YORK,NY10032     		    GRANT 25,000
    THE COMMONS
    460 COMMERCIAL STREET
    PROVINCETOWN,MA02657     		    GRANT 25,000
    THE DOOR
    121 AVENUE OF THE AMERICAS
    NEW YORK,NY10013     		    GRANT 25,000
    THE FILM COLLABORATIVE INC
    3405 CAZADOR STREET
    LOS ANGELES,CA90065     		    GRANT 12,500
    THRESHOLD
    2875 ROUTE 35 6N-50B
    KATONAH,NY10536     		    GRANT 107,000
    TRANSGENDER LAW CENTER
    PO BOX 70976
    OAKLAND,CA94612     		    GRANT 25,000
    TRUE COLORS FUND
    311 WEST 43RD STREET 12TH FLOOR
    NEW YORK,NY10036     		    GRANT 37,500
    URBAN WORD NYC
    5 WEST 19TH STREET 3RD FLOOR
    NEW YORK,NY10011     		    SUPPORT FOR LGBT YOUTH POETRY SLAM: PAGE MEETS STAGES LGBT INITIATIVE. 20,000
    VARIOUS ORG UNDER 5K
    115 BRADFORD STREET
    PROVINCETOWN,MA02657     		    GRANT 406,414
    Total .................................bullet 3a 1,343,635
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 ...........     		         
    4 Dividends and interest from securities....     14 272,209  
    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.....     14 41,206  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 350,665  
    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).. 0 664,080 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    664,080
    (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 (2018)
    Form 990-PF (2018)
    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 (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 DepreciationSchedule
    Name:
    THE PALETTE FUND INC
    EIN:
    26-2736653
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    PRINTER 2014-06-18 750 525 SL 5.000000000000 150 0 150  
    BRADFORD OFFICE 2015-11-09 1,091,892 60,660 SL 39.000000000000 27,997 0 27,997  
    BROADWAY FURNITURE 2014-06-18 1,217 609 SL 7.000000000000 174 0 174  
    BRADFORD FURNITURE 2015-06-24 6,098 2,178 SL 7.000000000000 871 0 871  
    WEST 14TH STREET FURNITURE 2016-09-06 1,500 285 SL 7.000000000000 214 0 214  
    BRADFORD FURNITURE 2016-08-17 26,521 5,052 SL 7.000000000000 3,789 0 3,789  
    WINDOW & BATHROOM PROJECT 2016-05-31 40,086 4,231 SL 15.000000000000 2,672 0 2,672  
    GUTTER, FLOORING & ROOFING IMPROVEMENTS 2016-07-20 29,561 2,792 SL 15.000000000000 1,971 0 1,971  
    AC/HEATING UNITS 2016-08-24 28,185 2,505 SL 15.000000000000 1,879 0 1,879  
    WELL & IRRIGATION 2016-10-05 5,948 496 SL 15.000000000000 397 0 397  
    IMPROVEMENT 2017-06-30 21,821 2,166 SL 39.000000000000 560 0 560  
    FURNITURE & FIXTURES 2018-02-15 17,100   SL 7.000000000000 2,914 0 2,914  
    FURNITURE & FIXTURES 2018-05-14 4,523   SL 7.000000000000 431 0 431  
    FURNITURE & FIXTURES 2018-07-05 5,164   SL 7.000000000000 369 0 369  
    FURNITURE & FIXTURES 2018-12-11 5,875   SL 7.000000000000 70 0 70  

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THE PALETTE FUND INC
    EIN:
    26-2736653
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MORGAN STANLEY 3,483,521 3,483,521

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE PALETTE FUND INC
    EIN:
    26-2736653
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MORGAN STANLEY 4,665,945 4,665,945
    MORGAN STANLEY 637,760 637,760

    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE PALETTE FUND INC
    EIN:
    26-2736653
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    D.E. SHAW OCULUS INT'L FUND AT COST 1,122,368 1,122,368
    MORGAN STANLEY CROSSROADS AT COST 453,462 453,462
    RENEWAL 2 SOCIAL FUND AT COST 118,312 118,312
    RENEWAL 3 US LIMITED AT COST 257,675 257,675
    STARBOARD OFFSHORE AT COST 368,126 368,126
    SJC OFFSHORE CAP K-1 AT COST 920 920
    NORTH HAVEN EXPANSION K-1 AT COST 148,289 148,289
    RENEWAL 3 US LIMITED AT COST 18,522 18,522

    TY 2018 LandEtcSchedule2
    Name:
    THE PALETTE FUND INC
    EIN:
    26-2736653
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    PRINTER 750 675 75  
    BRADFORD OFFICE 1,091,892 88,657 1,003,235  
    BROADWAY FURNITURE 1,217 783 434  
    BRADFORD FURNITURE 6,098 3,049 3,049  
    WEST 14TH STREET FURNITURE 1,500 499 1,001  
    BRADFORD FURNITURE 26,521 8,841 17,680  
    WINDOW & BATHROOM PROJECT 40,086 6,903 33,183  
    GUTTER, FLOORING & ROOFING IMPROVEMENTS 29,561 4,763 24,798  
    AC/HEATING UNITS 28,185 4,384 23,801  
    WELL & IRRIGATION 5,948 893 5,055  
    IMPROVEMENT 21,821 2,726 19,095  
    FURNITURE & FIXTURES 17,100 2,914 14,186  
    FURNITURE & FIXTURES 4,523 431 4,092  
    FURNITURE & FIXTURES 5,164 369 4,795  
    FURNITURE & FIXTURES 5,875 70 5,805  


    TY 2018 OtherDecreasesSchedule
    Name:
    THE PALETTE FUND INC
    EIN:
    26-2736653
    Description Amount
    ACCUMULATED UNREALIZED GAIN/LOSS ADJUSTMENT 1,258,424


    TY 2018 OtherExpensesSchedule
    Name:
    THE PALETTE FUND INC
    EIN:
    26-2736653
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK SERVICE CHARGE 824 0 0 824
    CONFERENCES AND SEMINARS 39,105 0 0 39,105
    DUES AND SUBSCRIPTIONS 18,648 0 0 18,648
    INSURANCE 2,470 0 0 2,470
    OFFICE SUPPLIES 27,878 0 0 27,878
    REPAIRS AND MAINTENANCE 40,234 0 0 40,234
    TELEPHONE 1,241 0 0 1,241
    WEBSITE 5,847 0 0 5,847
    LOSS FROM K-1'S 82,518 82,518 0 0


    TY 2018 OtherIncomeSchedule2
    Name:
    THE PALETTE FUND INC
    EIN:
    26-2736653
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS INCOME 41,206 41,206 41,206


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE PALETTE FUND INC
    EIN:
    26-2736653
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 25,578 0 0 0
    PAYROLL FEES 2,245 584 0 1,661
    CONSULTING FEES 69,000 0 0 69,000
    INVESTMENT ADVISORY FEES 56,216 56,216 0 0


    TY 2018 TaxesSchedule
    Name:
    THE PALETTE FUND INC
    EIN:
    26-2736653
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 20,082 5,221 0 14,861
    REAL ESTATE TAXES 8,318 0 0 0