TY 2019 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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 01-01-2019 , and ending 12-31-2019

Name of foundation
CHAUNCEY H WINTERS TUW

Number and street (or P.O. box number if mail is not delivered to street address)C/O NBT BANK NA 52 SOUTH BROAD ST
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NORWICH, NY13815

A Employer identification number

16-6222234

B Telephone number (see instructions)

(607) 337-6497

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$9,458,400J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	292,501		292,501
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		2,231,040
b	Gross sales price for all assets on line 6a 8,563,032
7	Capital gain net income (from Part IV, line 2)...			2,231,040
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	2,523,541		2,523,541
13	Compensation of officers, directors, trustees, etc.	50,010		45,009		5,001
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		730	0	0	730
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		37,590	6,983		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		250			250
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	88,580		51,992	0	5,981
25	Contributions, gifts, grants paid.......	416,168				416,168
26	Total expenses and disbursements. Add lines 24 and 25	504,748		51,992	0	422,149
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	2,018,793
b	Net investment income (if negative, enter -0-)			2,471,549
c	Adjusted net income (if negative, enter -0-)...				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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	236,434	189,054	189,054
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	6,168,564	8,234,806	9,269,346
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	6,404,998	8,423,860	9,458,400
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	6,404,998	8,423,860
	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).....	6,404,998	8,423,860
	30	Total liabilities and net assets/fund balances (see instructions).	6,404,998	8,423,860

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

6,404,998

Enter amount from Part I, line 27a .....................

2,018,793

Other increases not included in line 2 (itemize) bullet

4,809

Add lines 1, 2, and 3 ..........................

8,428,600

Decreases not included in line 2 (itemize) bullet

4,740

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

8,423,860

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	25000. GEN ELEC CAP MTN 2.3000% 01/14/19		2014-07-08	2019-01-14
b	25000. JPMORGAN CHASE MTN 3.3948% 01/28/19		2014-07-08	2019-01-28
c	25000. UNITED STATES TREAS NTS 1.5000% 01/31/19		2018-01-22	2019-01-31
d	25000. ANHEUSER-BUSCH 2.6250% 01/17/23		2018-01-19	2019-02-12
e	75000. ANHEUSER-BUSCH 2.6500% 02/01/21		2016-03-23	2019-02-12
	855. ABBVIE INC			2019-02-13
	50000. AMERICAN EXPRESS MTN 2.2500% 08/15/19		2015-02-24	2019-02-13
	701. APPLE COMPUTER		2008-12-19	2019-02-13
	25000. APPLE INC 1.5500% 02/07/20		2015-02-24	2019-02-13
	25000. APPLE INC 2.1500% 02/09/22		2016-03-23	2019-02-13
	1549. CISCO SYS INC COM			2019-02-13
	843. COLGATE PALMOLIVE CO COM			2019-02-13
	359. CONOCOPHILLIPS COM			2019-02-13
	50000. COSTCO COMPANIES 1.7000% 12/15/19		2014-02-20	2019-02-13
	25000. EXXON MOBIL CORP 1.8190% 03/15/19		2016-11-18	2019-02-13
	3044. FISERV INC COM			2019-02-13
	50000. GEN ELEC CAP CRP 2.1000% 12/11/19		2013-12-13	2019-02-13
	25000. INTEL CORP 2.8750% 05/11/24		2018-01-22	2019-02-13
	1104. ISHARES NASDAQ BIOTECH ETF		2009-04-14	2019-02-13
	25000. JPMORGAN CHASE MTN 2.2950% 08/15/21		2017-03-06	2019-02-13
	75000. JPMORGAN CHASE & CO 2.2500% 01/23/20			2019-02-13
	964. JOHNSON & JOHNSON COM			2019-02-13
	25000. JPMORGAN CHASE 2.9720% 01/15/23		2018-01-19	2019-02-13
	707. MCDONALDS CORP COM			2019-02-13
	25000. MERCK & CO INC 2.4000% 09/15/22		2017-03-06	2019-02-13
	50000. ORACLE CORP 2.2500% 10/08/19		2015-02-24	2019-02-13
	25000. ORACLE CORP 2.4000% 09/15/23		2018-01-19	2019-02-13
	1076. PRICE T ROWE GROUP INC COM			2019-02-13
	674. MATERIALS SELECT SPDR FUND			2019-02-13
	1530. UTILITIES SELECT SECTOR SPDR			2019-02-13
	25000. TORONTO DOMINION BANK 1.7500% 01/31/20		2018-01-26	2019-02-13
	50000. TOYOTA MTR CRED MTN 1.4000% 05/20/19		2017-08-16	2019-02-13
	1713. US BANCORP			2019-02-13
	525. UNION PAC CORP COM		2011-06-27	2019-02-13
	25000. U.S. TREASURY NOTES 1.3750% 01/31/20		2018-01-22	2019-02-13
	661. UNITED TECHNOLOGIES CORP COM			2019-02-13
	1469. VERIZON COMMUNICATIONS COM			2019-02-13
	25000. WELLS FARGO & CO 2.1000% 07/26/21		2017-03-06	2019-02-13
	5309. ISHARES MSCI EMERGING MKTS INDEX FUND			2019-02-14
	3643. ISHARES INC-MSCI EAFE INDEX FD			2019-02-14
	1106. ISHARES TRUST			2019-02-14
	1605.759 OPPENHEIMER INTERNATIONAL GROWTH FUND		2016-10-20	2019-02-14
	6920.415 OPPENHEIMER INTERNATIONAL GROWTH FUND		2018-05-29	2019-02-14
	756. MIDCAP SPDR TRUST SERIES 1		2008-12-19	2019-02-14
	50000. CHEVRON CORP 1.9610% 03/03/20		2015-03-02	2019-02-15
	50000. CREDIT SUIS MTN V-A 2.2500% 11/29/21		2016-11-25	2019-02-15
	50000. EXXON MOBIL CORP 2.2220% 03/01/21		2016-03-23	2019-02-15
	9229.909 FIDELITY INFLATION PROTECTED BOND INSTL PREM		2018-09-18	2019-02-15
	75000. GOLDMAN SACHS GROUP 2.3500% 11/15/21		2017-03-06	2019-02-15
	50000. IBM CORP 1.6250% 05/15/20		2014-02-19	2019-02-15
	50000. MERCK & CO INC 2.3500% 02/10/22		2016-03-23	2019-02-15
	50000. MERCK & CO INC 1.8500% 02/10/20			2019-02-15
	50000. MICROSOFT CORP 1.8500% 02/12/20		2015-03-02	2019-02-15
	50000. NATL RURAL UTIL MTN 2.5000% 03/15/22		2017-03-13	2019-02-15
	50000. ORACLE CORP 2.5000% 10/15/22		2016-03-23	2019-02-15
	50000. PFIZER INC 2.2000% 12/15/21		2016-11-18	2019-02-15
	50000. QUALCOMM INC 3.0000% 05/20/22		2017-03-06	2019-02-15
	50000. TORONTO BK MTN V-A 2.2500% 11/28/23		2016-11-22	2019-02-15
	50000. WELLS FARGO & CO 2.5000% 03/04/21		2016-03-23	2019-02-15
	13592.827 DODGE & COX INCOME FUND			2019-02-19
	19956.396 DODGE & COX INCOME FUND		2018-05-30	2019-02-19
	2597.1 FIDELITY US BOND INDEX INSTL PREMIUM		2018-09-18	2019-02-19
	55. ABBOTT LABS COM		2006-10-30	2019-04-02
	12. ALPHABET INC CL A			2019-04-02
	10. BERKSHIRE HATHAWAY INC-CL B		2010-05-05	2019-04-02
	51. CHEVRONTEXACO CORP COM		2016-03-23	2019-04-02
	126. DANAHER CORP			2019-04-02
	35. DISNEY WALT CO COM DISNEY		2010-02-23	2019-04-02
	287. EXXON MOBIL CORP COM			2019-04-02
	55. INTEL CORP COM		2010-01-04	2019-04-02
	144. INTL BUSINESS MACHINES CORP COM		2016-03-23	2019-04-02
	74. J P MORGAN CHASE & CO COM		2010-05-05	2019-04-02
	171. LOWES COS INC COM		2010-02-23	2019-04-02
	89. MICROSOFT CORP COM		2008-08-21	2019-04-02
	38. NOVARTIS A G SPONSORED ADR		2009-04-14	2019-04-02
	43. PEPSICO INC COM		2006-10-30	2019-04-02
	36. PROCTER & GAMBLE CO COM		2006-10-30	2019-04-02
	53. SCHLUMBERGER LTD COM		2008-12-19	2019-04-02
	82. YUM! BRANDS INC COM		2010-01-04	2019-04-02
	74. MEDTRONIC PLC		2015-01-27	2019-04-02
	14750. SCHWAB US DIVIDEND EQUITY ETF		2019-02-15	2019-06-11
	12085. WISDOMTREE MIDCAP DIVIDEND ETF		2019-02-14	2019-06-11
	6195. WISDOMTREE SMALLCAP DIVIDEND ETF		2019-02-14	2019-06-11
	3450.656 INVESCO OPPENHEIMER DEVELOPING MKTS Y		2018-05-30	2019-09-03
	915.994 INVESCO OPPENHEIMER DEVELOPING MKTS Y		2019-02-14	2019-09-03
	5868.726 DFA EMERGING MKTS PORTFOLIO		2019-02-19	2019-09-03
	9497.953 FEDERATED INSTITUTIONAL HIGH YIELD BOND FUND		2018-05-29	2019-09-03
	5816.253 FIDELITY NEW MARKETS INCOME FUND		2018-05-30	2019-09-03
	400. ABBOTT LABS COM			2019-12-09
	50. ALPHABET INC CL A		2009-04-14	2019-12-09
	250. BERKSHIRE HATHAWAY INC-CL B			2019-12-09
	150. CHEVRONTEXACO CORP COM		2016-03-23	2019-12-09
	1000. DANAHER CORP			2019-12-09
	375. DISNEY WALT CO COM DISNEY			2019-12-09
	375. EXXON MOBIL CORP COM		2006-07-14	2019-12-09
	17586.021 HARDING LOEVNER INTL EQUITY PORTFOLIO INSTL		2019-02-14	2019-12-09
	1250. INTEL CORP COM			2019-12-09
	250. INTL BUSINESS MACHINES CORP COM			2019-12-09
	3230. ISHARES MSCI EAFE SMALL CAP ETF		2019-02-14	2019-12-09
	650. J P MORGAN CHASE & CO COM			2019-12-09
	600. LOWES COS INC COM			2019-12-09
	1000. MICROSOFT CORP COM			2019-12-09
	800. NOVARTIS A G SPONSORED ADR		2009-04-14	2019-12-09
	425. PEPSICO INC COM			2019-12-09
	450. PROCTER & GAMBLE CO COM			2019-12-09
	200. SCHLUMBERGER LTD COM		2008-12-19	2019-12-09
	200. YUM! BRANDS INC COM			2019-12-09
	400. MEDTRONIC PLC		2015-01-27	2019-12-09
	160. ALCON INC ORD SHS		2009-04-14	2019-12-09
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	25,000	25,000
b	25,000	25,000
c	25,000	24,935	65
d	24,080	24,711	-631
e	74,370	75,811	-1,441
	69,134	20,095	49,039
	49,817	50,076	-259
	119,750	9,016	110,734
	24,727	24,811	-84
	24,542	25,129	-587
	73,236	36,712	36,524
	55,258	25,379	29,879
	24,466	12,828	11,638
	49,460	49,031	429
	24,968	25,005	-37
	255,912	33,326	222,586
	49,510	49,603	-93
	24,664	24,978	-314
	121,052	23,994	97,058
	24,487	24,720	-233
	74,426	74,931	-505
	129,128	56,065	73,063
	24,695	25,043	-348
	122,995	44,544	78,451
	24,700	24,836	-136
	49,793	50,146	-353
	24,262	24,476	-214
	105,565	43,159	62,406
	36,429	17,381	19,048
	84,838	43,308	41,530
	24,766	25,000	-234
	49,748	50,000	-252
	87,156	48,415	38,741
	88,564	26,434	62,130
	24,712	24,693	19
	82,241	44,803	37,438
	79,883	44,175	35,708
	24,387	24,514	-127
	223,825	182,727	41,098
	228,905	198,218	30,687
	170,256	56,191	114,065
	60,328	58,000	2,328
	260,000	300,000	-40,000
	260,968	72,379	188,589
	49,563	50,040	-477
	49,547	50,000	-453
	49,498	50,360	-862
	88,699	89,807	-1,108
	73,176	73,617	-441
	49,229	48,172	1,057
	49,402	50,483	-1,081
	49,508	50,011	-503
	49,555	50,070	-515
	48,819	50,000	-1,181
	49,088	50,592	-1,504
	49,386	49,962	-576
	49,664	50,525	-861
	48,773	50,000	-1,227
	49,408	50,235	-827
	183,639	178,039	5,600
	269,611	269,212	399
	29,555	28,984	571
	4,374	1,242	3,132
	14,444	2,362	12,082
	2,040	764	1,276
	6,344	4,770	1,574
	16,588	3,795	12,793
	3,932	1,087	2,845
	23,301	21,867	1,434
	2,988	1,149	1,839
	20,600	21,059	-459
	7,783	3,141	4,642
	18,760	3,926	14,834
	10,599	2,408	8,191
	3,604	1,401	2,203
	5,230	2,734	2,496
	3,730	2,301	1,429
	2,355	2,201	154
	8,192	2,062	6,130
	6,694	5,464	1,230
	776,133	761,985	14,148
	429,131	433,489	-4,358
	164,666	173,335	-8,669
	141,546	150,000	-8,454
	37,574	37,162	412
	152,000	161,273	-9,273
	92,795	91,940	855
	86,430	89,105	-2,675
	33,776	8,743	25,033
	67,568	9,270	58,298
	55,487	17,239	38,248
	17,617	14,029	3,588
	147,617	22,548	125,069
	55,056	10,423	44,633
	26,193	24,146	2,047
	408,875	367,900	40,975
	70,862	18,542	52,320
	33,615	30,726	2,889
	199,675	180,686	18,989
	87,605	25,389	62,216
	70,877	13,546	57,331
	152,007	23,745	128,262
	73,896	25,909	47,987
	58,572	26,515	32,057
	55,920	24,480	31,440
	7,454	8,304	-850
	19,802	5,007	14,795
	44,623	29,533	15,090
	8,881	3,583	5,298
			32,098

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
b
c			65
d			-631
e			-1,441
			49,039
			-259
			110,734
			-84
			-587
			36,524
			29,879
			11,638
			429
			-37
			222,586
			-93
			-314
			97,058
			-233
			-505
			73,063
			-348
			78,451
			-136
			-353
			-214
			62,406
			19,048
			41,530
			-234
			-252
			38,741
			62,130
			19
			37,438
			35,708
			-127
			41,098
			30,687
			114,065
			2,328
			-40,000
			188,589
			-477
			-453
			-862
			-1,108
			-441
			1,057
			-1,081
			-503
			-515
			-1,181
			-1,504
			-576
			-861
			-1,227
			-827
			5,600
			399
			571
			3,132
			12,082
			1,276
			1,574
			12,793
			2,845
			1,434
			1,839
			-459
			4,642
			14,834
			8,191
			2,203
			2,496
			1,429
			154
			6,130
			1,230
			14,148
			-4,358
			-8,669
			-8,454
			412
			-9,273
			855
			-2,675
			25,033
			58,298
			38,248
			3,588
			125,069
			44,633
			2,047
			40,975
			52,320
			2,889
			18,989
			62,216
			57,331
			128,262
			47,987
			32,057
			31,440
			-850
			14,795
			15,090
			5,298

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	2,231,040
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

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? Yes No

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	407,278	8,733,985	0.046631
2017	407,154	8,553,068	0.047603
2016	415,959	8,118,628	0.051235
2015	416,570	8,348,733	0.049896
2014	390,187	8,346,634	0.046748

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

0.242113

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......

0.048423

Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......

8,792,515

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

425,760

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

24,715

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

450,475

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

422,149

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)

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	49,431
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	49,431
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	49,431
6	Credits/Payments:

a	2019 estimated tax payments and 2018 overpayment credited to 2019	6a	7,100
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	7,100
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	1,295
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	43,626
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2020 estimated tax0	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2019)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

NBT BANK NA Telephone no. bullet

(607) 337-6497

Located at bullet

52 SOUTH BROAD STNORWICHNY ZIP+4 bullet

13815

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2019)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
NBT BANK	TRUSTEE 1	50,010
52 S BROAD STREET NORWICH,NY13815	TRUSTEE 1	50,010

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...................				0

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............. bullet

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......................... bullet

Form 990-PF (2019)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

8,813,840

Average of monthly cash balances.......................

112,571

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

8,926,411

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

8,926,411

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

133,896

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

8,792,515

Minimum investment return. Enter 5% of line 5..................

439,626

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.)

Minimum investment return from Part X, line 6....................

439,626

Tax on investment income for 2019 from Part VI, line 5......

49,431

Income tax for 2019. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

49,431

Distributable amount before adjustments. Subtract line 2c from line 1............

390,195

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

390,195

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

390,195

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

422,149

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

422,149

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

422,149

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)

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					390,195
2 Undistributed income, if any, as of the end of 2019:
a Enter amount for 2018 only.......				117,799
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2019:
a From 2014......	0
b From 2015......	0
c From 2016......	0
d From 2017......	0
e From 2018......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2019 from Part
XII, line 4: $ 422,149
a Applied to 2018, but not more than line 2a				117,799
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.....					304,350
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2019.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2018. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2019. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2020 ..........					85,845
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2014 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2020. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2015....	0
b Excess from 2016....	0
c Excess from 2017....	0
d Excess from 2018....	0
e Excess from 2019....	0

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
TRUSTEES OF UNION COLLEGE ATTN DIANE T BLAKE VP 807 UNION STREET SCHENECTADY,NY123083107	NONE	PC	GENERAL OPERATING	416,168
Total ................................. 3a				416,168

bApproved for future payment

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

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	292,501
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	2,231,040
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)..				2,523,541

13Total. Add line 12, columns (b), (d), and (e)..................

2,523,541

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below (see instr.) Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2019)

Additional Data

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Form 990PF - Special Condition Description:

Special Condition Description