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 03-01-2017 , and ending 02-28-2018
Name of foundation
ARNOLD S PENNER FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)C/O A PENNER 232 EAST 63RD ST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10065
A Employer identification number

13-3935352
B Telephone number (see instructions)

(212) 980-6000
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$1,758,634J 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) 510,000
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 26,952 26,952  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 14,642
b Gross sales price for all assets on line 6a 263,437
7 Capital gain net income (from Part IV, line 2)... 14,642
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 26,672 26,672  
12 Total. Add lines 1 through 11........ 578,266 68,266  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 11,348 5,674   5,674
c Other professional fees (attach schedule).... Click to see attachment 5,394 5,394   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,000 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 352 0   352
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 22,094 11,068   6,026
25 Contributions, gifts, grants paid....... 1,394,507 1,394,507
26 Total expenses and disbursements. Add lines 24 and 25 1,416,601 11,068   1,400,533
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -838,335
b Net investment income (if negative, enter -0-) 57,198
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............. 531,333 524,265 524,265
2 Savings and temporary cash investments.........      
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 986,825 Click to see attachment748,016 858,015
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 374,516 Click to see attachment376,354 376,354
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) 1,892,674 1,648,635 1,758,634
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   594,296
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 594,296
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 1,892,674 1,054,339
29 Total net assets or fund balances (see instructions)..... 1,892,674 1,054,339
30 Total liabilities and net assets/fund balances (see instructions). 1,892,674 1,648,635
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
1,892,674
2
Enter amount from Part I, line 27a .....................
2
-838,335
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,054,339
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
1,054,339
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 ISHARES CORE S&P SMALL-CAP ETF   2017-01-24 2017-06-08
b ISHARES RUSSELL MIDCAP ETF   2017-01-27 2017-06-08
c SPDR S&P 500 ETF TRUST   2017-01-13 2017-06-08
d VANGUARD HIGH DVD YIELD ETF   2017-01-31 2017-06-08
e SPDR S&P 500 ETF TRUST   2017-01-31 2017-08-08
(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 34,817   34,368 449
b 38,483   36,704 1,779
c 146,371   136,173 10,198
d 31,424   30,203 1,221
e 12,342   11,347 995
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       449
b       1,779
c       10,198
d       1,221
e       995
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 14,642
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 1,061,557 2,113,767 0.502211
2017 905,562 1,836,398 0.493119
2016 558,425 1,718,929 0.324868
2015 466,389 1,277,222 0.365159
2014 259,946 669,848 0.388067
2
Total of line 1, column (d) .....................
2
2.073424
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
0.414685
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
1,539,392
5
Multiply line 4 by line 3......................
5
638,363
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
572
7
Add lines 5 and 6........................
7
638,935
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,400,533
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 1 572
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........................... 3 572
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- ..... 5 572
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 18
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 4,410
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet4,410 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? Click to see attachment....................
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)
    bulletNY
    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
     
    No
    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 addressbulletN/A
    14
    The books are in care ofbulletARNOLD S PENNER Telephone no.bullet (212) 980-6000

    Located atbullet232 EAST 63RD STREETNEW YORKNY ZIP+4bullet10065
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2019?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2019 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2019.)..................
    3b
     
     
    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
    ARNOLD S PENNER PRESIDENT & CEO
    0.10     		0 0 0
    232 EAST 63RD STREET
    NEW YORK,NY10065
    MADALEINE BERLEY TREASURER
    0.10     		0 0 0
    232 EAST 63RD STREET
    NEW YORK,NY10065
    AMY BERLEY DIRECTOR
    0.10     		0 0 0
    14 5TH AVENUE
    NEW YORK,NY10021
    NANCY BERLEY DIRECTOR
    0.10     		0 0 0
    324 CHESTNUT HILL
    BRIGHTON,MA02135
    JENNIFER BERLEY DIRECTOR
    0.10     		0 0 0
    233 WEST 77TH STREET
    NEW YORK,NY10021
    MARK BERLEY DIRECTOR
    0.10     		0 0 0
    225 WEST 106TH STREET
    NEW YORK,NY10025
    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  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    882,744
    b
    Average of monthly cash balances.......................
    1b
    304,656
    c
    Fair market value of all other assets (see instructions)................
    1c
    375,435
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,562,835
    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
    1,562,835
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    23,443
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,539,392
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    76,970
    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
    76,970
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    572
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    572
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    76,398
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    76,398
    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
    76,398
    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
    1,400,533
    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
    1,400,533
    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
    572
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,399,961
    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 76,398
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014...... 258,846
    b From 2015...... 411,180
    c From 2016...... 474,633
    d From 2017...... 825,562
    e From 2018...... 955,869
    fTotal of lines 3a through e........ 2,926,090
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 1,400,533
    a Applied to 2018, 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 2019 distributable amount..... 76,398
    e Remaining amount distributed out of corpus 1,324,135
    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 4,250,225
    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 ..........     		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 2014 not
    applied on line 5 or line 7 (see instructions) ...     		258,846
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		3,991,379
    10 Analysis of line 9:
    a Excess from 2015.... 411,180
    b Excess from 2016.... 474,633
    c Excess from 2017.... 825,562
    d Excess from 2018.... 955,869
    e Excess from 2019.... 1,324,135
    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).)
    ARNOLD S PENNER
    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 (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
    ACHILLES INTERNATIONAL
    42 W 38TH ST RM 400
    NEW YORK,NY10018     		NONE PUBLIC CHARITABLE 2,000
    ADOPT A DOG
    424 E 92ND STREET
    NEW YORK,NY10128     		NONE PUBLIC CHARITABLE 4,400
    ALBERT EINSTEIN COLLEGE OF MEDICINE
    1300 MORRIS PARK AVE HAROLD AND
    MURIEL BLOCK BUILDING ROOM 743
    BRONX,NY10461     		NONE PUBLIC FUNDING OF MEDICAL RESEARCH 165,702
    AMERICAN MUSEUM OF NATURAL HISTORY
    CENTRAL PARK WEST AT 79TH STREET
    NEW YORK,NY10024     		NONE PUBLIC CHARITABLE 500
    APPEAL OF CONSCIENCE FOUNDATION
    119 WEST 57TH STREET
    NEW YORK,NY10019     		NONE PUBLIC FUNDING FOR SOCIAL PROGRAMS 1,000
    BOYS TOWN JERUSALEM FOUNDATION
    1 PENN PLAZA SUITE 6250
    NEW YORK,NY10119     		NONE PUBLIC CHARITABLE 9,000
    BRONX JEWISH COMMUNITY CENTER
    2930 WALLACE AVE
    BRONX,NY10467     		NONE PUBLIC CHARITABLE 15,000
    CARNEGIE HALL SOCIETY INC
    881 SEVENTH AVENUE
    NEW YORK,NY10019     		NONE PUBLIC CHARITABLE 2,500
    CENTER FOR JEWISH HISTORY
    15 W 16TH ST
    NEW YORK,NY10011     		NONE PUBLIC EDUCATIONAL 10,000
    CHARNA RADBELL FOUNDATION
    245 EAST 63RD STREET UNIT 1012
    NEW YORK,NY10065     		NONE PUBLIC FUNDING OF MEDICAL RESEARCH 2,000
    CITYMEALS-ON-WHEELS
    355 LEXINGTON AVE
    NEW YORK,NY10017     		NONE PUBLIC CHARITABLE 1,500
    DUTCHESS COUNTY SPCA
    636 VIOLET AVE
    HYDE PARK,NY12538     		NONE PUBLIC CHARITABLE 20,000
    ENCOURAGE KIDS FOUNDATION
    1560 BROADWAY SUITE 600
    NEW YORK,NY10036     		NONE PUBLIC EDUCATIONAL 28,875
    FIRST
    200 BEDFORD STREET
    MANCHESTER,NH03101     		NONE PUBLIC FUNDING OF MEDICAL RESEARCH 2,500
    FRIENDSHIP CIRCLE
    10 MICROLAB ROAD
    LIVINGSTON,NJ07039     		NONE PUBLIC FUNDING FOR SOCIAL PROGRAMS 18,600
    GODSPEED HORSE HOSTEL INC
    PO BOX 146
    AMENIA,NY12501     		NONE PUBLIC FURTHERANCE OF CHARITY'S GOALS 5,000
    GROWTH AND DEVELOPMENT SERVICES
    216 FORT WASHINGTON AVE
    NEW YORK,NY10032     		NONE PUBLIC CHARITABLE 22,000
    HAROLD GRINSPOON FOUNDATION
    67 HUNT STREET STE 100
    AGAWAM,MA01001     		NONE PUBLIC EDUCATIONAL 100,000
    HINENI JEWISH HERITIGE FOUNDATION
    232 WEST END AVENUE
    NEW YORK,NY10023     		NONE PUBLIC FURTHERANCE OF CHARITY'S GOALS 2,500
    HUMAN RIGHTS FIRST
    75 BROAD STREET
    NEW YORK,NY10004     		NONE PUBLIC FURTHERANCE OF CHARITY'S GOALS 2,500
    ISRAEL SPECIAL KIDS
    505 EIGHTH AVENUE
    NEW YORK,NY10018     		NONE PUBLIC FURTHERANCE OF CHARITY'S GOALS 55,000
    JEWISH CHILDRENS MUSEUM
    792 EASTERN PARKWAY
    BROOKLYN,NY11213     		NONE PUBLIC EDUCATIONAL 20,450
    JEWISH NATIONAL FUND
    42 EAST 69TH STREE
    NEW YORK,NY10021     		NONE PUBLIC CHARITABLE 1,200
    JOHNS HOPKINS UNIV & MEDICINE
    1830 E MONUMENT ST 5
    BALTIMORE,MD21287     		NONE PUBLIC FUNDING OF MEDICAL RESEARCH 25,000
    MET MUSEUM
    1000 FIFTH AVENUE
    NEW YORK,NY10028     		NONE PUBLIC CHARITABLE 2,000
    NATIONAL DANCE INSTITUTE
    217 WEST 147TH STREET
    NEW YORK,NY10039     		NONE PUBLIC FURTHERANCE OF CHARITY'S GOALS 134,700
    NEW YORK BOTANICAL GARDEN
    2900 SOUTHERN BLVD
    BRONX,NY10458     		NONE PUBLIC CHARITABLE 600
    NYCHARITIESORG
    50 BROADWAY SUITE 803A
    NEW YORK,NY10004     		NONE PUBLIC CHARITABLE 20,000
    PAL (POLICE ATHLETIC LEAGUE)
    34 1/2 EAST 12TH STREET
    NEW YORK,NY10003     		NONE PUBLIC CHARITABLE 2,500
    PARK EAST SYNOGOGUE
    164 EAST 68TH STREET
    NEW YORK,NY10065     		NONE PUBLIC FUNDING FOR RELIGIOUS PROGRAMS 50,100
    PROSTATE ACTION INC
    229 EAST 79TH STREET NO 1A
    NEW YORK,NY10075     		NONE PUBLIC CHARITABLE 25,000
    AMERICAN FRIENDS OF REUTH
    4 WEST 43RD STREET SUITE 402
    NEW YORK,NY10036     		NONE PUBLIC FURTHERANCE OF THE CHARITY'S GOALS 3,600
    SAMUEL WAXMAN CANCER RESEARCH FOUNDATION
    420 LEXINGTON AVENUE SUITE 825
    NEW YORK,NY10170     		NONE PUBLIC FUNDING OF MEDICAL RESEARCH 3,000
    SEAN MELLON SCHOLARSHIP FUND INC
    MJ MACALUSO 14 EAST 38TH STREET
    NEW YORK,NY10016     		NONE PUBLIC CHARITABLE 10,000
    THE JEWISH FOUNDATION FOR THE RIGHTEOUS
    80 MAIN STREET SUITE 380
    WEST ORANGE,NJ07052     		NONE PUBLIC FURTHERANCE OF CHARITY'S GOALS 3,500
    THE JEWISH MUSEUM
    1109 FIFTH AVENUE
    NEW YORK,NY10128     		NONE PUBLIC FURTHERANCE OF CHARITY'S GOALS 2,500
    THE PUBLIC THEATER NEW YORK
    425 LAFAYETTE STREET
    NEW YORK,NY10003     		NONE PUBLIC CHARITABLE 1,500
    THERESA ALESSANDRA RUSSO FOUNDATION
    250 LIDO BLVD
    LIDO BEACH,NY11561     		NONE PUBLIC FURTHERANCE OF CHARITY'S GOALS 100
    THIRTEEN LLC
    825 EIGHTH AVENUE
    NEW YORK,NY10019     		NONE PUBLIC CHARITABLE 5,000
    TZIVOS HASHEM
    792 EASTERN PKWY
    BROOKLYN,NY11213     		NONE PUBLIC EDUCATIONAL 5,400
    US HOLOCAUST MEMORIAL MUSEUM
    100 RAOUL WALLENBERG PLACE SW
    WASHINGTON,DC20024     		NONE PUBLIC CHARITABLE 45,000
    VALTARESE FOUNDATION
    23-01 33RD STREET
    ASTORIA,NY11105     		NONE PUBLIC CHARITABLE 500
    YESHIVA UNIVERSITY
    500 WEST 185TH STREET
    NEW YORK,NY10033     		NONE PUBLIC EDUCATIONAL 270,000
    SILVER SHIELD FOUNDATION
    870 UNITED NATIONS PLAZA 1ST FLOOR
    NEW YORK,NY10017     		NONE PUBLIC CHARITABLE 2,500
    MISCELLANEOUS CHARITIES
    C/O A PENNER FOUNDATION 232 EAST
    63RD ST
    NEW YORK,NY10065     		NONE PUBLIC CHARITABLE 7,575
    YESHIVA UNIVERSITY
    500 W 185TH STREET
    NEW YORK,NY10033     		NONE PUBLIC EDUCATIONAL 8,500
    HUNTER COLLEGE
    695 PARK AVENUE
    NEW YORK,NY10065     		NONE PUBLIC EDUCATIONAL 3,800
    HEBREW DAY SCHOOL
    C/O A PENNER FOUNDATION 232 EAST
    63RD ST
    NEW YORK,NY10065     		NONE PUBLIC EDUCATIONAL 23,000
    COUNICL FOR UNITY
    50 AVENUE X SUITE 366
    BROOKLYN,NY11223     		NONE PUBLIC CHARITABLE 1,500
    NORTH SHORE ANIMAL LEAGUE AMERICA
    25 DAVIS AVENUE
    PORT WASHINGTON,NY11050     		NONE PUBLIC CHARITABLE 1,000
    WHEELCHAIR SPORTS FEDERATION
    6454 82ND STREET SUITE 2
    MIDDLE VILLAGE,NY11379     		NONE PUBLIC CHARITABLE 5,000
    IOBYORG
    540 PRESIDENT STREET 3RD FL
    BROOKLYN,NY11215     		NONE PUBLIC CHARITABLE 1,450
    NORTHWELL HEALTH FOUNDATION
    2000 MARCUS AVENUE
    NEW HYDE PARK,NY11042     		NONE PUBLIC CHARITABLE 15,000
    KEHILAS MORESHES YAAKOV
    1749 OCEAN AVENUE
    BROOKLYN,NY11230     		NONE PUBLIC CHARITABLE 1,000
    NEW YORK LANDMARKS PRESERVATION FOUNDATION
    1 CENTRE STREET 9TH FLOOR NORTH
    NEW YORK,NY10007     		NONE PUBLIC CHARITABLE 500
    WMHT EDUCATIONAL TELECOMMUNICATIONS
    4 GLOBAL VIEW
    TROY,NY12180     		NONE PUBLIC CHARITABLE 125
    RONALD MCDONALD HOUSE CHARITIES
    110 NORTH CARPENTER STREET
    CHICAGO,IL60607     		NONE PUBLIC CHARITABLE 1,000
    THE BOWERY MISSION
    227 BOWERY
    NEW YORK,NY10002     		NONE PUBLIC CHARITABLE 1,000
    THE ASSOCIATION FOR FRONTOTEMPORAL DEGENERATION (AFTD)
    290 KING OF PRUSSIA ROAD
    RADNOR,PA19087     		NONE PUBLIC CHARITABLE 5,000
    CHABAD FOUNDATION
    C/O A PENNER FOUNDATION 232 EAST
    63RD ST
    NEW YORK,NY10065     		NONE PUBLIC CHARITABLE 900
    GOTHAM CITY NETWORKING FOUNDATION
    455 MADISON AVENUE SUITE 1301
    NEW YORK,NY10022     		NONE PUBLIC CHARITABLE 1,000
    LYMPHOMA RESEARCH FOUNDATION
    88 PINE STREET SUITE 2400
    NEW YORK,NY10005     		NONE PUBLIC CHARITABLE 1,500
    NETWORKS FOR GOOD
    1140 CONNECTICUT AVE NW 700
    WASHINGTON,DC20036     		NONE PUBLIC CHARITABLE 26,030
    AFMDA
    352 SEVENTH AVENUE SUITE 400
    NEW YORK,NY10001     		NONE PUBLIC CHARITABLE 1,000
    ST JOHN'S UNIVERSITY
    8000 UTOPIA PARKWAY
    QUEENS,NY11439     		NONE PUBLIC EDUCATIONAL 2,500
    THE BMCC FOUNDATION INC
    199 CHAMBERS STREET F1330
    NEW YORK,NY10007     		NONE PUBLIC EDUCATIONAL 10,000
    BIRTHRIGHT ISRAEL FOUNDATION
    PO BOX 21615
    NEW YORK,NY10087     		NONE PUBLIC CHARITABLE 500
    AMERICAN JEWISH CONGRESS
    745 FIFTH AVENUE 30TH FLOOR
    NEW YORK,NY10151     		NONE PUBLIC CHARITABLE 500
    70 FACES MEDIA
    24 WEST 30TH STREET 4TH FLOOR
    NEW YORK,NY10001     		NONE PUBLIC CHARITABLE 1,000
    MANN CHARITABLE FOUNDATION
    450 SEVENTH AVENUE NO 2306
    NEW YORK,NY10123     		NONE PUBLIC CHARITABLE 1,500
    NORTHSIDE CENTER OF CHILD DEVELOPMENT
    1301 FIFTH AVENUE
    NEW YORK,NY10029     		NONE PUBLIC CHARITABLE 2,500
    HSS FOUNDATION
    535 EAST 70TH STREET
    NEW YORK,NY10021     		NONE PUBLIC CHARITABLE 10,000
    CROHNS & COLITIS FOUNDATION
    733 THIRD AVENUE SUITE 510
    NEW YORK,NY10017     		NONE PUBLIC CHARITABLE 1,800
    TRI INDUSTRIES NFP
    780 CORPORATE WOODS PKWY
    VERNON HILLS,IL60061     		NONE PUBLIC CHARITABLE 1,000
    PRECIOUS DREAMS FOUNDATION
    20 HARRIS AVENUE
    INWOOD,NY11096     		NONE PUBLIC CHARITABLE 5,000
    THE UNITY GAMES INC
    2052 RICHMOND ROAD
    STATEN ISLAND,NY10306     		NONE PUBLIC CHARITABLE 2,500
    UGC FOUNDATION
    60 WILLOW DR
    NEW ROCHELLE,NY10805     		NONE PUBLIC CHARITABLE 13,000
    STRENGTH IN SUPPORT
    23461 SOUTH POINTE DRIVE SUITE 310
    LAGUNA HILLS,CA92653     		NONE PUBLIC CHARITABLE 100,000
    ALUMNI & FRIENDS OF LAGUARDIA HIGH SCHOOL
    100 AMSTERDAM AVENUE ROOM 853
    NEW YORK,NY10023     		NONE PUBLIC EDUCATIONAL 5,000
    AUSTIN PETS ALIVE
    1156 WEST CESAR CHAVEZ
    AUSTIN,TX78703     		NONE PUBLIC CHARITABLE 1,800
    THE AMERICAN ISRAEL PUBLIC AFFAIRS COMMITTEE (AIPAC)
    251 H STREET NW
    WASHINGTON,DC20001     		NONE PUBLIC CHARITABLE 10,000
    ISRAEL CHILDREN'S CENTER
    3275 W HILLSBORO BLVD
    DEERFIELD BEACH,FL33442     		NONE PUBLIC CHARITABLE 1,800
    MEMORIAL SLOAN KETTERING CANCER CENTER (MSK)
    1275 YORK AVENUE
    NEW YORK,NY10065     		NONE PUBLIC CHARITABLE 2,000
    NORTH SHORE LONG ISLAND JEWISH HEALTH SYSTEM FOUNDATION
    27005 76TH AVE
    NEW HYDE PARK,NY11040     		NONE PUBLIC CHARITABLE 10,000
    ST JUDE CHILDREN'S RESREACH HOSPITAL
    262 DANNY THOMAS PLACE
    MEMPHIS,TN38105     		NONE PUBLIC CHARITABLE 1,500
    Total .................................bullet 3a 1,394,507
    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 ...........     		         
    4 Dividends and interest from securities....     14 26,952  
    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 25,263  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 14,642  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aAMEX CASH REBATE     		    14 1,409  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 68,266 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    68,266
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

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

    13-3935352
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019) Page 2
    Name of organization
    ARNOLD S PENNER FOUNDATION INC
          		Employer identification number
    13-3935352
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    ARNOLD S PENNER
    232 EAST 63RD STREET
     
    NEW YORK, NY10065

    		$ 510,000


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    13-3935352
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Page 4
    Name of organization
    ARNOLD S PENNER FOUNDATION INC
          		Employer identification number

    13-3935352
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2017 AccountingFeesSchedule
    Name:
    ARNOLD S PENNER FOUNDATION INC
    EIN:
    13-3935352
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 11,348 5,674   5,674

    TY 2017 ExplanOfLegisPoliticalActvts
    Name:
    ARNOLD S PENNER FOUNDATION INC
    EIN:
    13-3935352
    Explanation:
    C

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    ARNOLD S PENNER FOUNDATION INC
    EIN:
    13-3935352
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CITY NATIONAL 748,016 858,015

    TY 2017 InvestmentsOtherSchedule2
    Name:
    ARNOLD S PENNER FOUNDATION INC
    EIN:
    13-3935352
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MAVERICK LIEN FUND AT COST 376,354 376,354

    TY 2017 OtherExpensesSchedule
    Name:
    ARNOLD S PENNER FOUNDATION INC
    EIN:
    13-3935352
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 7 0   7
    NYS FILING FEES 250 0   250
    DUES & SUBSCRIPTIONS 95 0   95


    TY 2017 OtherIncomeSchedule2
    Name:
    ARNOLD S PENNER FOUNDATION INC
    EIN:
    13-3935352
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MAVERICK LIEN FUND II LP 25,263 25,263 0
    AMEX CASH REBATE 1,409 1,409 0


    TY 2017 OtherProfessionalFeesSchedule
    Name:
    ARNOLD S PENNER FOUNDATION INC
    EIN:
    13-3935352
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT SERVICES FEES 5,394 5,394   0


    TY 2017 TaxesSchedule
    Name:
    ARNOLD S PENNER FOUNDATION INC
    EIN:
    13-3935352
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 5,000 0   0