Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 11-01-2017 , and ending 10-31-2018
Name of foundation
TOULMIN VIRGINIA B
CHARITABLE FOUNDATION III
Number and street (or P.O. box number if mail is not delivered to street address)530 FIFTH AVENUE 24TH FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10036
A Employer identification number

13-7385769
B Telephone number (see instructions)

(212) 546-6211
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$130,935,750J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 6,810 6,810  
4 Dividends and interest from securities... 2,033,474 2,033,474  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 10,345,096
b Gross sales price for all assets on line 6a 42,253,601
7 Capital gain net income (from Part IV, line 2)... 10,610,778
8 Net short-term capital gain.........  
9 Income modifications........... 8,896
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 215,496 152,847  
12 Total. Add lines 1 through 11........ 12,600,876 12,803,909 8,896
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 400,000 160,000   160,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 47,316 0   0
b Accounting fees (attach schedule)....... Click to see attachment 74,300 55,725   18,575
c Other professional fees (attach schedule).... Click to see attachment 1,392,015 1,095,622   242,518
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 113,000 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 121,820 48,728   48,728
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 6,967 129,241   2,787
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,155,418 1,489,316   472,608
25 Contributions, gifts, grants paid....... 7,436,981 7,885,375
26 Total expenses and disbursements. Add lines 24 and 25 9,592,399 1,489,316   8,357,983
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,008,477
b Net investment income (if negative, enter -0-) 11,314,593
c Adjusted net income (if negative, enter -0-)... 8,896
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............. 452,532 403,568 403,568
2 Savings and temporary cash investments......... 5,422,614 8,421,853 8,421,853
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.......... 75,800 17,800 17,800
10a Investments—U.S. and state government obligations (attach schedule) 17,065,236 Click to see attachment16,626,555 16,626,555
b Investments—corporate stock (attach schedule)....... 49,277,866 Click to see attachment44,244,148 44,244,148
c Investments—corporate bonds (attach schedule)....... 12,936,531 Click to see attachment12,671,616 12,671,616
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 52,956,874 Click to see attachment48,131,193 48,131,193
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment378,606 Click to see attachment419,017 Click to see attachment419,017
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 138,566,059 130,935,750 130,935,750
Liabilities 17 Accounts payable and accrued expenses.......... 115,748 120,154
18 Grants payable................. 1,923,186 1,317,690
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment544,367 Click to see attachment338,095
23 Total liabilities (add lines 17 through 22)......... 2,583,301 1,775,939
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 135,982,758 129,159,811
30 Total liabilities and net assets/fund balances (see instructions). 138,566,059 130,935,750
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
135,982,758
2
Enter amount from Part I, line 27a .....................
2
3,008,477
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
138,991,235
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
9,831,424
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
129,159,811
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 PUBLICLY TRADED SECURITIES      
b PARTNERSHIP CAPITAL GAINS/LOSSES P    
c CAPITAL GAINS DIVIDENDS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 41,916,684   31,908,505 10,008,179
b       265,682
c 336,917     336,917
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       10,008,179
b       265,682
c       336,917
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 10,610,778
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 7,672,919 133,492,745 0.057478
2017 7,521,228 129,038,299 0.058287
2016 6,859,683 136,737,285 0.050167
2015 7,207,706 138,957,962 0.051870
2014 6,641,427 121,073,138 0.054855
2
Total of line 1, column (d) .....................
2
0.272657
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
0.054531
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
140,303,874
5
Multiply line 4 by line 3......................
5
7,650,911
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
113,146
7
Add lines 5 and 6........................
7
7,764,057
8
Enter qualifying distributions from Part XII, line 4,.............
8
8,357,983
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 1 113,146
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........................... 3 113,146
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- ..... 5 113,146
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 130,715
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 12,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 142,715
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 29,569
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet29,569 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)
    bulletOH
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
    Yes
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.TOULMINFOUNDATION.ORG
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (212) 546-6211

    Located atbullet530 FIFTH AVENUE 24TH FLOORNEW YORKNY ZIP+4bullet10036
    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
    WILLIAM S VILLAFRANCO TRUSTEE/CEO
    35.00     		200,000 0 0
    530 FIFTH AVENUE 24TH FLOOR
    NEW YORK,NY10036
    ALEXANDER C SANGER TRUSTEE/COO
    30.00     		150,000 0 0
    IPPF 125 MAIDEN LANE 9TH FLOOR
    NEW YORK,NY10038
    WALTER P MONTAIGNE TRUSTEE
    15.00     		50,000 0 0
    165 W 66TH ST 10D
    NEW YORK,NY10023
    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
    SOUTHWIND ASSOCIATES OF NJ INC INVESTMENT MGT & ADMIN SERVICES 618,716
    530 FIFTH AVENUE 24TH FLOOR
    NEW YORK,NY10036
    TCC GROUP CONSULTING SERVICES 205,168
    31 WEST 27TH STREET 4TH FLOOR
    NEW YORK,NY10001
    EAGLE CAPITAL MANAGEMENT LLC INVESTMENT MANAGEMENT SERVICES 163,090
    499 PARK AVENUE 17TH FLOOR
    NEW YORK,NY10022
    ANGELUS NOVUS INC VIDEO PRODUCTION SERVICES 126,298
    410 WEST END AVENUE 2B
    NEW YORK,NY10024
    SANDS CAPITAL MANAGEMENT LLC INVESTMENT MANAGEMENT SERVICES 105,862
    1101 WILSON BLVD SUITE 2300
    ARLINGTON,VA22209
    Total number of others receiving over $50,000 for professional services.............bullet6
    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 AMOUNTS PAID DIRECTLY TO A VENDOR TO PRODUCE PROMOTIONAL VIDEOS FOR VARIOUS CHARITABLE ORGANIZATIONS. 126,298
    2 AMOUNTS PAID DIRECTLY TO A CONSULTANT ON BEHALF OF A CHARITABLE ORGANIZATION. 34,000
    3 OTHER INDIRECT GRANTS FOR EXPENSES PAID ON BEHALF OF CHARITABLE ORGANIZATIONS. 25,700
    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
    133,146,798
    b
    Average of monthly cash balances.......................
    1b
    9,293,683
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    142,440,481
    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
    142,440,481
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,136,607
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    140,303,874
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    7,015,194
    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
    7,015,194
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    113,146
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    113,146
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,902,048
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    8,896
    5
    Add lines 3 and 4............................
    5
    6,910,944
    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
    6,910,944
    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
    8,357,983
    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
    8,357,983
    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
    113,146
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    8,244,837
    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 6,910,944
    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...... 710,334
    b From 2015...... 381,935
    c From 2016...... 169,991
    d From 2017...... 1,141,279
    e From 2018...... 1,114,036
    fTotal of lines 3a through e........ 3,517,575
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 8,357,983
    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..... 6,910,944
    e Remaining amount distributed out of corpus 1,447,039
    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 4,964,614
    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) ...     		710,334
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		4,254,280
    10 Analysis of line 9:
    a Excess from 2015.... 381,935
    b Excess from 2016.... 169,991
    c Excess from 2017.... 1,141,279
    d Excess from 2018.... 1,114,036
    e Excess from 2019.... 1,447,039
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2019, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2019 (b) 2018 (c) 2017 (d) 2016
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    ABILIS
    50 GLENVILLE ST
    GREENWICH,CT06831     		  PC GENERAL OPERATING SUPPORT 50,000
    AMERICAN BALLET THEATRE
    890 BROADWAY 3RD FL
    NEW YORK,NY10003     		  PC ABT WOMEN'S MOVEMENT 100,000
    AMERICAN COMPOSERS ORCHESTRA
    494 EIGHTH AVENUE SUITE 503
    NEW YORK,NY10001     		  PC AMERICAN COMPOSERS ORCHESTRA - PHILADELPHIA ORCHESTRA WOMEN COMPOSER READINGS 100,000
    AMERICAN DREAM CHARTER SCHOOL
    510 EAST 141ST STREET
    BRONX,NY10454     		  PC THE COLLEGE EXPERIENCE 50,000
    AMERICAN OPERA PROJECTS INC
    138 SOUTH OXFORD STREET
    BROOKLYN,NY11217     		  PC CONSULTANTS TO STRENGTHEN BACK OFFICE AND INCREASE SUSTAINABILITY/ABILITY TO WORK NATIONALLY 50,000
    AMERICA'S VETDOGS - THE VETERAN'S K-9 CORPS INC
    371 E JERICHO TURNPIKE
    SMITHTOWN,NY11787     		  PC GENERAL OPERATING SUPPORT 5,000
    ANCHOR PROGRAM FUND INC
    630 LIDO BLVD
    LIDO BEACH,NY11561     		  PC VIRGINIA B. TOULMIN SCHOLARSHIP PROGRAM AND MIDDLE CAMP FUND 50,000
    ANCHOR PROGRAM FUND INC
    630 LIDO BLVD
    LIDO BEACH,NY11561     		  PC ESTABLISH/FUND INFRASTRUCTURE FOR MIDDLE SUMMER CAMP, SCHOLARSHIPS, PROVIDE HORSE THERAPY AND GENERAL OPERATING SUPPORT 125,000
    ASOLO THEATRE
    5555 N TAMIAMI TRAIL
    SARASOTA,FL34243     		  PC GENERAL OPERATING SUPPORT 125,000
    ASOLO THEATRE
    5555 N TAMIAMI TRAIL
    SARASOTA,FL34243     		  PC SUPPORT ASOLO THEATRE'S ASSOCIATE ARTISTIC DIRECTOR POSITION 40,000
    ATLANTA BALLET
    1695 MARIETTA BOULEVARD NW
    ATLANTA,GA30318     		  PC COMMISSION AND PREMIERE A NEW WORK BY CHOREOGRAPHER CLAUDIA SCHREIER 25,000
    AUTISM SPEAKS INC
    1 E 33RD ST 4TH FL
    NEW YORK,NY10016     		  PC GENERAL OPERATING SUPPORT 5,000
    BALLET WEST
    52 W 200 S
    SALT LAKE CITY,UT84101     		  PC COMMISSION AND PREMIERE A NEW WORK BY CHOREOGRAPHER AFRICA GUZMAN 25,000
    BALTIMORE SYMPHONY ORCHESTRA
    1212 CATHEDRAL ST
    BALTIMORE,MD21201     		  PC COMMISSION AND PREMIERE A NEW WORK BY COMPOSER TJ COLE 25,000
    BARD COLLEGE
    CAMPUS RD PO BOX 5000
    ANNANDALEONHUDSON,NY12504     		  PC SUPPORT THE COMMISSIONING OF A NEW WORK BY PAM TANOWITZ AND KAIJA SAARIAHO 40,000
    BETH MORRISON PROJECTS
    666 OCEAN AVE D1
    BROOKLYN,NY11226     		  PC SUPPORT A DEVELOPMENT DIRECTOR POSITION 55,000
    BOSTON BALLET
    19 CLARENDON ST
    BOSTON,MA02116     		  PC COMMISSION & PREMIERE NEW WORKS BY EMERGING FEMALE CHOREOGRAPHERS 25,000
    BROOKLYN ACADEMY OF MUSIC
    30 LAFAYETTE AVE
    BROOKLYN,NY11217     		  PC SUPPORT FEMALE CREATORS, CHOREOGRAPHERS, AND COMPOSERS IN THE 2018 NEXT WAVE FESTIVAL 50,000
    BROWN UNIVERSITY
    BOX 1929
    PROVIDENCE,RI02912     		  PC RESEARCH COLLABORATION ON MASCULINITIES AND MALE SRH IN MEXICO W/ IPPF/WHR 60,375
    CALVARY HOSPITAL INC
    1740 EASTCHESTER RD
    BRONX,NY10461     		  PC GENERAL OPERATING SUPPORT 5,000
    CASE WESTERN RESERVE UNIVERSITY
    10900 EUCLID AVE
    CLEVELAND,OH44106     		  PC SUPPORT HALF OF THE TUITION FOR FOUR NEONATAL NURSING STUDENTS 80,000
    CENTER FOR CONTEMPORARY OPERA
    236 EAST 31ST ST
    NEW YORK,NY10016     		  PC SUPPORT THE GENERAL DIRECTOR POSITION 50,000
    CHAMBER MUSIC SOCIETY OF LINCOLN CENTER
    70 LINCOLN CENTER PLAZA 10TH FLOOR
    NEW YORK,NY10023     		  PC SUPPORT COMMISSIONS BY EMERGING WOMEN COMPOSERS 10,000
    CHAMBER MUSIC SOCIETY OF LINCOLN CENTER
    70 LINCOLN CENTER PLAZA 10TH FLOOR
    NEW YORK,NY10023     		  PC SUPPORT COMMISSIONS BY EMERGING WOMEN COMPOSERS 17,500
    CHANCES FOR CHILDREN
    1178 ANDERSON AVENUE
    BRONX,NY10452     		  PC GENERAL OPERATING SUPPORT 60,000
    COLT COEUR
    20 JAY STREET
    BROOKLYN,NY11201     		  PC WOMEN'S PLAYWRIGHT COMMISSIONING PROGRAM 30,000
    COVENANT HOUSE
    461 EIGHTH AVE
    NEW YORK,NY10001     		  PC STRENGTHENING ANTI-HUMAN TRAFFICKING SERVICES AND THE CONTINUUM OF CARE AT COVENANT HOUSE NEW YORK 150,000
    DANCE THEATRE OF HARLEM INC
    466 W 152ND ST
    NEW YORK,NY10031     		  PC SUPPORT THE WOMEN WHO MOVE US INITIATIVE 75,000
    DANCEUSA
    1029 VERMONT AVE NW SUITE 400
    WASHINGTON,DC20005     		  PC IMPRINTS: A PROGRAM TO ADVANCE FEMALE BALLET CHOREOGRAPHERS 100,000
    DAYTON CHILDREN'S HOSPITAL
    ONE CHILDRENS PLAZA
    DAYTON,OH45404     		  PC SUPPORT CAMPUS RENEWAL AND A NEW PATIENT CARE FACILITY 200,000
    DESIGNING WOMEN BOUTIQUE
    1226 N TAMIAMI TRAIL SUITE 101
    SARASOTA,FL34236     		  PC GENERAL OPERATING SUPPORT 10,000
    DETROIT SYMPHONY ORCHESTRA
    3711 WOODWARD AVE
    DETROIT,MI48201     		  PC COMMISSION AND PREMIERE A NEW WORK BY COMPOSER NKEIRU OKOYE. 25,000
    DOMINICAN ACADEMY OF THE CITY OF NEW YORK
    44 E 68TH ST
    NEW YORK,NY10065     		  PC GENERAL OPERATING SUPPORT: SCHOLARSHIP FUND 10,000
    EMMA ALYSON & KATE HANCE FAMILY FOUNDATION INC
    PO BOX 20795
    FLORAL PARK,NY11002     		  PC GENERAL OPERATING SUPPORT 5,000
    FRANCISCAN BREAD FOR THE POOR INC
    144 W 32ND ST
    NEW YORK,NY10001     		  PC GENERAL OPERATING SUPPORT 5,000
    FULCRUM ARTS
    1709 STEWART ST
    SANTA MONICA,CA90404     		  PC SUPPORT A NEW COLLABORATION BETWEEN CHOREOGRAPHER MELISSA BARAK AND COMPOSER MOLLY JOYCE 20,000
    GIRLS INC OF SARASOTA COUNTY
    201 S TUTTLE AVE
    SARASOTA,FL34237     		  PC SUPPORT THE OUTREACH INITIATIVE, STEM PROGRAMMING, MATCH CAMPAIGN CONTRIBUTION AND SCHOLARSHIPS 145,000
    GIVE2ASIA
    600 CALIFORNIA ST
    SAN FRANCISCO,CA94108     		  PC EDUCATION HELPING ORPHANS, BROKEN HOME/POOR/DISADVANTAGED/HIGH RISK YOUTHS 125,000
    GIVE2ASIA
    600 CALIFORNIA ST
    SAN FRANCISCO,CA94108     		  PC EDUCATION HELPING ORPHANS, BROKEN HOME/POOR/DISADVANTAGED/HIGH RISK YOUTHS 150,000
    GLOBAL HEALTH CORPS
    ONE PENN PLAZA SUITE 6271
    NEW YORK,NY10001     		  PC SUPPORT GLOBAL HEALTH CORPS' 2018 HEALTH SYSTEMS STRENGTHENING FELLOWS 100,000
    GOODMAN THEATRE
    170 NORTH DEARBORN STREET
    CHICAGO,IL60601     		  PC WOMEN'S PLAYWRIGHT COMMISSIONING PROGRAM 30,000
    GOODWILL EASTER SEALS MIAMI VALLEY
    660 S MAIN STREET
    DAYTON,OH45402     		  PC SUPPORT THE MIAMI VALLEY WORKS (FORMERLY DAYTON WORKS) PROGRAM 50,000
    HERE ARTS CENTER
    145 SIXTH AVE
    NEW YORK,NY10013     		  PC PROTOTYPE: OPERA/THEATRE/NOW 50,000
    HERE ARTS CENTER
    145 SIXTH AVE
    NEW YORK,NY10013     		  PC SUPPORT DEVELOPMENT AND PRODUCER POSITIONS 50,000
    HOLY NAME MEDICAL CENTER INC
    718 TEANECK RD
    TEANECK,NJ07666     		  PC GENERAL OPERATING SUPPORT 10,000
    HOSPITAL FOR SPECIAL SURGERY
    535 EAST 70TH STREET
    NEW YORK,NY10021     		  PC MEDICAL RESEARCH 75,000
    HOSPITAL FOR SPECIAL SURGERY
    535 EAST 70TH STREET
    NEW YORK,NY10021     		  PC MEDICAL RESEARCH 150,000
    HUMANE SOCIETY OF COLLIER COUNTY INC
    370 AIRPORT-PULLING RD N
    NAPLES,FL34104     		  PC GENERAL OPERATING SUPPORT 7,500
    ICAHN SCHOOL OF MEDICINE - DUBIN BREAST CENTER
    ONE GUSTAVE L LEVY PLACE BOX 1049
    NEW YORK,NY10029     		  PC SUPPORT THE FAMILY PSYCHOLOGY PROGRAM AND A SOCIAL WORKER POSITION 250,000
    ICAHN SCHOOL OF MEDICINE - DUBIN BREAST CENTER
    ONE GUSTAVE L LEVY PLACE BOX 1049
    NEW YORK,NY10029     		  PC DUBIN BREAST CENTER - INTEGRATIVE MEDICINE AND SERVICES 150,000
    IPPF WHR
    125 MAIDEN LN 9TH FL
    NEW YORK,NY10038     		  PC SUPPORT IPPF/WHR MEMBER ASSOCIATIONS SUSTAINABILITY PROJECT 250,000
    IPPF WHR
    125 MAIDEN LN 9TH FL
    NEW YORK,NY10038     		  PC RESEARCH COLLABORATION ON MASCULINITIES AND MALE SEXUAL REPRODUCTIVE HEALTH IN MEXICO WITH BROWN UNIVERISTY 50,000
    JCC FOUNDATION INC
    304 MIDLAND AVENUE
    PARAMUS,NJ07652     		  PC GENERAL OPERATING SUPPORT 10,000
    JOE TORRE SAFE AT HOME FOUNDATION
    55 WEST 39TH STREET
    NEW YORK,NY10018     		  PC GENERAL OPERATING SUPPORT 50,000
    KAUFMAN MUSIC CENTER
    129 WEST 67TH STREET
    NEW YORK,NY10023     		  PC LUNA COMPOSITION LAB 15,000
    LEAGUE OF AMERICAN ORCHESTRAS
    33 W 60TH ST 5TH FL
    NEW YORK,NY10023     		  PC WOMEN COMPOSERS READINGS AND COMMISSIONS PROGRAM 150,000
    LINCOLN CENTER THEATER
    150 WEST 65TH STREET
    NEW YORK,NY10023     		  PC SUPPORT THE 2018-2019 LCT3 SEASON 100,000
    LOS ANGELES PHILHARMONIC
    151 S GRAND AVE
    LOS ANGELES,CA90012     		  PC COMMISSION AND PREMIERE A NEW WORK BY COMPOSER NATACHA DIELS 25,000
    MICHAEL MULHALL FOUNDATION INC
    1 NORTH LEXINGTON AVENUE
    WHITE PLAINS,NY10601     		  PC GENERAL OPERATING SUPPORT 5,000
    NAPLES THERAPEUTIC RIDING CENTER
    206 RIDGE DRIVE
    NAPLES,FL34108     		  PC GENERAL OPERATING SUPPORT 15,000
    NAPLES THERAPEUTIC RIDING CENTER
    206 RIDGE DRIVE
    NAPLES,FL34108     		  PC GENERAL OPERATING SUPPORT 25,000
    NAPLES THERAPEUTIC RIDING CENTER
    206 RIDGE DRIVE
    NAPLES,FL34108     		  PC GENERAL OPERATING SUPPORT 2,500
    NAPLES THERAPEUTIC RIDING CENTER
    206 RIDGE DRIVE
    NAPLES,FL34108     		  PC GENERAL OPERATING SUPPORT 50,000
    NAPLES THERAPEUTIC RIDING CENTER
    206 RIDGE DRIVE
    NAPLES,FL34108     		  PC GENERAL OPERATING SUPPORT 75,000
    NAPLES THERAPEUTIC RIDING CENTER
    206 RIDGE DRIVE
    NAPLES,FL34108     		  PC GENERAL OPERATING SUPPORT 50,000
    NATIONAL SAWDUST
    80 N 6TH ST
    BROOKLYN,NY11249     		  PC SUPPORT PROGRAMS FOR WOMEN COMPOSERS 200,000
    NEW YORK CITY BALLET
    DAVID H KOCH THEATER
    NEW YORK,NY10023     		  PC NEW BALLETS BY CHOREOGRAPHERS GIANNA REISEN AND EMMA PORTNER TO BE PREMIERED IN THE 2018-2019 SEASON 100,000
    NEW YORK CITY CENTER
    130 W 56TH ST
    NEW YORK,NY10019     		  PC SUPPORT CAPACITY BUILDING INITIATIVES 100,000
    NEW YORK CITY CENTER
    130 W 56TH ST
    NEW YORK,NY10019     		  PC SUPPORT NEW YORK CITY CENTER'S 75TH ANNIVERSARY COMMISSIONING INITIATIVE 100,000
    NEW YORK COMMUNITY TRUST
    909 THIRD AVE 22ND FL
    NEW YORK,NY10022     		  PC SUPPORT ARTS AND CULTURAL, SOCIAL SERVICES, AND OTHER CHARITABLE ORGANIZATIONS 100,000
    NEW YORK PHILHARMONIC
    10 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		  PC SUPPORT THE WORLD PREMIERE OF ASHLEY FURE'S NEW WORK 50,000
    NORTH SHORE HOLIDAY HOUSE INC
    74 HUNTINGTON RD
    HUNTINGTON,NY11743     		  PC GENERAL OPERATING SUPPORT 5,000
    NYU - SCHOOL OF MEDICINE
    ONE PARK AVENUE 5TH FLOOR
    NEW YORK,NY10016     		  PC GENERAL OPERATING SUPPORT 25,000
    NYU - SCHOOL OF MEDICINE
    ONE PARK AVENUE 5TH FLOOR
    NEW YORK,NY10016     		  PC CRANIOFACIAL AND TRANSPLANTATION RESEARCH 150,000
    NYU - WOMEN BALLET CHOREOGRAPHERS
    20 COOPER SQUARE 2ND FLOOR
    NEW YORK,NY10003     		  PC SUPPORT THE VIRGINIA B. TOULMIN FELLOWSHIP FOR WOMEN LEADERS IN DANCE 110,000
    OPERA AMERICA
    330 7TH AVE
    NEW YORK,NY10001     		  PC SUPPORT MENTORING EMERGING FEMALE COMPOSERS 25,000
    OPERA AMERICA
    330 7TH AVE
    NEW YORK,NY10001     		  PC SUPPORT THE DIGITAL MEDIA INITIATIVE AND DISCOVERY AND COMMISSIONING GRANTS FOR FEMALE COMPOSERS 25,000
    PACIFIC NORTHWEST BALLET
    301 MERCER ST
    SEATTLE,WA98109     		  PC SUPPORT NEW VOICES: CHOREOGRAPHY AND PROCESS FOR YOUNG WOMEN IN DANCE 25,000
    PACIFIC NORTHWEST BALLET
    301 MERCER ST
    SEATTLE,WA98109     		  PC COMMISSION AND PREMIERE A NEW WORK BY CHOREOGRAPHER ROBYN MINEKO WILLIAMS 25,000
    PLANNED PARENTHOOD OF NEW YORK CITY INC
    26 BLEECKER STREET
    NEW YORK,NY10012     		  PC REACHING HIGH-RISK NEW YORKERS WITH MOBILE HEALTH SERVICES AND PREVENTION 100,000
    PLANNED PARENTHOOD OF SW AND CENTRAL FL
    736 CENTRAL AVENUE
    SARASOTA,FL34236     		  PC GENERAL OPERATING SUPPORT 100,000
    PLAYWRIGHT HORIZONS
    416 WEST 42ND STREET
    NEW YORK,NY10036     		  PC WOMEN'S PLAYWRIGHT COMMISSIONING PROGRAM 30,000
    POPPA INC
    32 BROADWAY STE 1401
    NEW YORK,NY10004     		  PC SUPPORT OF THE SAFER (SUICIDE AWARENESS FOR EMERGENCY RESPONDERS) PROGRAM FOR THE NEW YORK POLICE 150,000
    PROFESSIONAL CHILDREN'S SCHOOL
    132 WEST 60TH STREET
    NEW YORK,NY10023     		  PC VIRGINIA B. TOULMIN SCHOLARS PROGRAM 100,000
    RIVER FUND NEW YORK INC
    89-11 LEFFERTS BLVD
    RICHMOND HILL,NY11418     		  PC GENERAL OPERATING SUPPORT: PROVIDE FOR HOMELESS AND THOSE IN POVERTY IN NYC 25,000
    SARASOTA OPERA ASSOCIATION
    61 N PINEAPPLE AVE
    SARASOTA,FL34236     		  PC GENERAL OPERATING SUPPORT 175,000
    SARASOTA ORCHESTRA
    709 N TAMIAMI TRAIL
    SARASOTA,FL34236     		  PC GENERAL OPERATING SUPPORT 225,000
    SCHOOL OF AMERICAN BALLET
    70 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		  PC SUPPORT FEMALE CHOREOGRAPHERS UNDER THE TOULMIN SCHOLARS PROGRAM 57,500
    SEATTLE REPERTORY THEATRE
    155 MERCER ST
    SEATTLE,WA98109     		  PC WOMEN'S PLAYWRIGHT COMMISSIONING PROGRAM 30,000
    SEATTLE SYMPHONY ORCHESTRA
    200 UNIVERSITY ST
    SEATTLE,WA98101     		  PC COMMISSION AND PREMIERE A NEW WORK BY COMPOSER ANGELIQUE POTEAT 25,000
    SIGNATURE THEATRE
    THE PERSHING SQUARE SIGNATURE
    CENTER
    NEW YORK,NY10036     		  PC WOMEN'S PLAYWRIGHT COMMISSIONING PROGRAM 30,000
    SILVER HILL HOSPITAL
    208 VALLEY RD
    NEW CANAAN,CT06840     		  PC GENERAL OPERATING SUPPORT 10,000
    SILVER HILL HOSPITAL
    208 VALLEY RD
    NEW CANAAN,CT06840     		  PC GENERAL OPERATING SUPPORT 50,000
    SOHO REPERTORY THEATRE
    401 BROADWAY SUITE 300
    NEW YORK,NY10013     		  PC WOMEN'S PLAYWRIGHT COMMISSIONING PROGRAM 30,000
    SOMERSET HILLS LEARNING INSTITUTE
    1810 BURNT MILLS ROAD
    BEDMINSTER,NJ07921     		  PC 1-TO-2 MATCHING GRANT ACHIEVED IN SUPPORT OF THE CENTER FOR CAREER ADVANCEMENT 50,000
    SOMERSET HILLS LEARNING INSTITUTE
    1810 BURNT MILLS ROAD
    BEDMINSTER,NJ07921     		  PC CENTER FOR CAREER ADVANCEMENT AND THREE MEADOWS FARM 100,000
    SPOLETO FESTIVAL USA
    14 GEORGE ST
    CHARLESTON,SC29401     		  PC RHIANNON GIDDENS/OMAR IBN SAID OPERA PROJECT 25,000
    SRQLAX INC
    PO BOX 15153
    SARASOTA,FL34277     		  PC GENERAL OPERATING SUPPORT 20,000
    STEVE NASH FOUNDATION
    9400 SUGAR CIRCLE
    ANCHORAGE,AK99507     		  PC GENERAL OPERATING SUPPORT 5,000
    STEVE RUMMLER HOPE NETWORK
    12800 WHITEWATER DRIVE SUITE 100
    MINNETONKA,MN55343     		  PC GENERAL OPERATING SUPPORT 25,000
    SUNRISE ASSOCIATION
    15 NEIL COURT
    OCEANSIDE,NY11572     		  PC SCHOLARSHIPS AND GENERAL OPERATING SUPPORT 150,000
    SUNRISE ASSOCIATION
    15 NEIL COURT
    OCEANSIDE,NY11572     		  PC EMERGING CAMPS FUND 150,000
    SUNRISE ASSOCIATION
    15 NEIL COURT
    OCEANSIDE,NY11572     		  PC GENERAL OPERATING SUPPORT 15,000
    SUNRISE ASSOCIATION
    15 NEIL COURT
    OCEANSIDE,NY11572     		  PC GENERAL OPERATING SUPPORT 30,000
    SUNRISE ASSOCIATION
    15 NEIL COURT
    OCEANSIDE,NY11572     		  PC GENERAL OPERATING SUPPORT. 25,000
    SYMPHONY SPACE
    2537 BROADWAY
    NEW YORK,NY10025     		  PC GENERAL OPERATING SUPPORT 50,000
    SYMPHONY SPACE
    2537 BROADWAY
    NEW YORK,NY10025     		  PC SUPPORT SYMPHONY SPACE'S GLOBAL ARTS: CULTURAL LITERACY AND HERITAGE PROGRAM 25,000
    THE AMERICAN CLASSICAL ORCHESTRA INC
    225 WEST 99TH STREET
    NEW YORK,NY10025     		  PC GENERAL OPERATING SUPPORT 5,000
    THE FIRST TEE OF LAKE ERIE
    PO BOX 351142
    TOLEDO,OH43635     		  PC GENERAL OPERATING SUPPORT 20,000
    THE JOYCE THEATER FOUNDATION INC
    175 EIGHTH AVE
    NEW YORK,NY10011     		  PC SUPPORT THE JOYCE THEATER'S 2018 BALLET FESTIVAL 50,000
    THE JUILLIARD SCHOOL
    60 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		  PC SCHOLARSHIPS FOR TOULMIN SCHOLARS IN THE VOCAL ARTS 100,000
    THE JUILLIARD SCHOOL
    60 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		  PC SUPPORT FULL SCHOLARSHIPS FOR TWO VOCAL ARTS STUDENTS UNDER THE TOULMIN SCHOLARS PROGRAM 115,000
    THE JUILLIARD SCHOOL
    60 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		  PC TOULMIN MENTORSHIP PROGRAM FOR FEMALE COMPOSERS 100,000
    THE NEW 42ND STREET
    229 W 42ND STREET
    NEW YORK,NY10036     		  PC SUPPORT THE NEW 42ND STREET'S NEW VICTORY USHER CORPS 50,000
    THE PAINTED TURTLE
    1300 4TH STREET
    SANTA MONICA,CA90401     		  PC GENERAL OPERATING SUPPORT 100,000
    THE PAINTED TURTLE
    1300 4TH STREET
    SANTA MONICA,CA90401     		  PC SUPPORT OF THE NURSING PROGRAM 150,000
    VAIL VALLEY FOUNDATION
    PO BOX 6550
    AVON,CO81620     		  PC NEW WORKS BY 4 FEMALE CHOREOGRAPHERS & 2 FEMALE COMPOSERS IN NOW: PREMIERES EVENING OF 2018 100,000
    WATERMAN'S COMMUNITY CENTER
    PO BOX 526
    NORTH HAVEN,ME04853     		  PC TWO INITIATIVES SUPPORTING WOMEN PLAYWRIGHTS 50,000
    YOUTH HAVEN
    5867 WHITAKER ROAD
    NAPLES,FL34112     		  PC THERAPEUTIC CAMPUS: IMPLEMENTING THE NEUROSEQUENTIAL MODEL OF THERAPEUTICS 125,000
    Total .................................bullet 3a 7,885,375
    bApproved for future payment
    ASOLO THEATRE
    5555 N TAMIAMI TRAIL
    SARASOTA,FL34243     		  PC SUPPORT ASOLO THEATRE'S ASSOCIATE DIRECTOR POSTION 40,000
    CASE WESTERN RESERVE UNIVERSITY
    10900 EUCLID AVE
    CLEVELAND,OH44106     		  PC SUPPORT HALF OF THE TUITION FOR FOUR NEONATAL NURSING STUDENTS 80,000
    CHAMBER MUSIC SOCIETY OF LINCOLN CENTER
    70 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		  PC SUPPORT COMMISSIONS BY EMERGING WOMEN COMPOSERS 62,500
    IPPF WHR
    125 MAIDEN LN 9TH FL
    NEW YORK,NY10038     		  PC EXPANDING SEXUAL AND REPRODUCTIVE HEALTH SERVICES FOR BOLIVIAN IMMIGRANTS IN ARGENTINA 100,000
    NAPLES THERAPEUTIC RIDING CENTER
    206 RIDGE DRIVE
    NAPLES,FL34108     		  PC GENERAL OPERATING SUPPORT 50,000
    NYU - CENTER FOR BALLET AND THE ARTS
    20 COOPER SQUARE 2ND FLOOR
    NEW YORK,NY10003     		  PC SUPPORT THE VIRGINIA B. TOULMIN FELLOWSHIP FOR WOMEN LEADERS IN DANCE 110,000
    OPERA AMERICA
    330 7TH AVE
    NEW YORK,NY10001     		  PC SUPPORT THE DIGITAL MEDIA INITIATIVE AND DISCOVERY AND COMMISSIONING GRANTS FOR FEMALE COMPOSERS 300,000
    PROFESSIONAL CHILDREN'S SCHOOL
    132 WEST 60TH STREET
    NEW YORK,NY10023     		  PC VIRGINIA B. TOULMIN SCHOLARS PROGRAM (TWO PERFORMING ARTS STUDENTS PER YEAR) 100,000
    SCHOOL OF AMERICAN BALLET
    70 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		  PC SUPPORT FEMALE CHOREOGRAPHERS UNDER THE TOULMIN SCHOLARS PROGRAM 57,500
    SCRIPTED INC
    85 BROAD ST WEWORK 17TH FLOOR
    NEW YORK,NY10004     		  PC GENERAL OPERATING SUPPORT 200,000
    SPOLETO FESTIVAL USA
    14 GEORGE ST
    CHARLESTON,SC29401     		  PC RHIANNON GIDDENS/OMAR IBN SAID OPERA PROJECT 25,000
    THE JUILLIARD SCHOOL
    60 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		  PC SUPPORT FULL SCHOLARSHIPS FOR TWO VOCAL ARTS STUDENTS UNDER THE TOULMIN SCHOLARS PROGRAM 115,000
    Total .................................bullet 3b 1,240,000
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 6,810  
    4 Dividends and interest from securities....     14 2,033,474  
    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.....     14 215,496  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 10,345,096  
    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 12,600,876 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    12,600,876
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2017 AccountingFeesSchedule
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 74,300 55,725   18,575

    TY 2017 GeneralExplanationAttachment
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Identifier Return Reference Explanation
    TRANSFERS FROM CONTROLLED ENTITIES FORM 990-PF, PART VII-A, LINE 11 NAME OF CONTROLLED ENTITY: VIRGINIA B. TOULMIN IRREVOCABLE TRUSTEMPLOYER ID NO: 61-6399748ADDRESS: 10 WEST SECOND STREET, 26TH FLOOR, DAYTON, OH 45402DESCRIPTION OF TRANSFER: CASH TRANSFERS OF CONTRIBUTION RECEIVABLE FROM TRUST DURING THE YEARAMOUNT OF TRANSFER: NONETOTAL AMOUNT OF TRANSFERS FROM CONTROLLED ENTITIES: $80,000EXCESS BUSINESS HOLDING: NO

    TY 2017 InvestmentsCorpBondsSchedule
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 12,671,616 12,671,616

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EQUITIES 44,244,148 44,244,148

    TY 2017 InvestmentsGovtObligationsSch
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    US Government Securities - End of Year Book Value:

    5,396,635
    US Government Securities - End of Year Fair Market Value:

    5,396,635
    State & Local Government Securities - End of Year Book Value:


    11,229,920
    State & Local Government Securities - End of Year Fair Market Value:


    11,229,920


    TY 2017 InvestmentsOtherSchedule2
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GLOBAL LONG/SHORT FUND FMV 9,151,867 9,151,867
    LIMITED PARTNERSHIP INTERESTS FMV 6,122,439 6,122,439
    OVERSEAS FUND FMV 6,149,996 6,149,996
    MUTUAL FUNDS/REITS FMV 26,706,891 26,706,891

    TY 2017 LegalFeesSchedule
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 47,316 0   0


    TY 2017 OtherAssetsSchedule
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST RECEIVABLE 210,781 255,699 255,699
    CONTRIBUTION RECEIVABLE 167,825 163,318 163,318


    TY 2017 OtherDecreasesSchedule
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Description Amount
    UNREALIZED CHANGE IN FAIR VALUE OF INVESTMENTS 9,826,917
    GAIN/LOSS ON CONTRIBUTION RECEIVABLE 4,507


    TY 2017 OtherExpensesSchedule
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PARTNERSHIP EXPENSES 0 126,454   0
    OFFICE EXPENSES 6,967 2,787   2,787


    TY 2017 OtherIncomeSchedule2
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME   143,623  
    CLASS ACTION SETTLEMENTS 9,224 9,224 9,224
    EXCISE TAX - DEFERRED 206,272 0 206,272


    TY 2017 OtherLiabilitiesSchedule
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL EXCISE TAX 544,367 338,095


    TY 2017 OtherProfessionalFeesSchedule
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT AND ADVISORY FEES 1,038,497 1,038,497   0
    INVESTMENT CONSULTANT 57,125 57,125   0
    ADMINISTRATIVE SERVICES 107,750 0   53,875
    CONSULTANTS 188,643 0   188,643


    TY 2017 TaxesSchedule
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 113,000 0   0