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 01-01-2019 , and ending 12-31-2019
Name of foundation
TURRELL FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)21 VAN VLECK STREET
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MONTCLAIR, NJ07042
A Employer identification number

22-1551936
B Telephone number (see instructions)

(973) 783-9358
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$110,223,269
J Accounting method:
MODIFIED CASH
(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 62,455 62,455  
4 Dividends and interest from securities... 1,450,479 2,055,207  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,002,569
b Gross sales price for all assets on line 6a 33,224,436
7 Capital gain net income (from Part IV, line 2)... 1,145,500
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... 48,936 1,860,458  
12 Total. Add lines 1 through 11........ 4,564,439 5,123,620  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 667,710 39,400   628,310
14 Other employee salaries and wages...... 321,962 0   321,962
15 Pension plans, employee benefits....... 455,156 14,282   440,874
16a Legal fees (attach schedule)......... 52,646 0   52,646
b Accounting fees (attach schedule)....... 45,740 0   44,240
c Other professional fees (attach schedule).... 631,506 542,884   88,622
17 Interest...............   151,250    
18 Taxes (attach schedule) (see instructions)...   83,463    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 90,424 0   90,424
21 Travel, conferences, and meetings....... 122,901 0   122,901
22 Printing and publications.......... 1,098 0   1,098
23 Other expenses (attach schedule)....... 608,039 279,305   606,325
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,997,182 1,110,584   2,397,402
25 Contributions, gifts, grants paid....... 3,823,225 3,823,225
26 Total expenses and disbursements. Add lines 24 and 25 6,820,407 1,110,584   6,220,627
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,255,968
b Net investment income (if negative, enter -0-) 4,013,036
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 500 500 500
2 Savings and temporary cash investments......... 5,796,932 1,581,441 1,581,441
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 2,027,133 Click to see attachment5,879,523 5,879,523
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans............. 1,569 1,563 1,563
13 Investments—other (attach schedule).......... 92,750,186 Click to see attachment102,643,838 102,643,838
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment68,939 Click to see attachment116,404 Click to see attachment116,404
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 100,645,259 110,223,269 110,223,269
Liabilities 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 bullet) Click to see attachment64,439 Click to see attachment111,904
23 Total liabilities (add lines 17 through 22)......... 64,439 111,904
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........... 100,580,820 110,111,365
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)..... 100,580,820 110,111,365
30 Total liabilities and net assets/fund balances (see instructions). 100,645,259 110,223,269
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
100,580,820
2
Enter amount from Part I, line 27a .....................
2
-2,255,968
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
11,786,513
4
Add lines 1, 2, and 3 ..........................
4
110,111,365
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
110,111,365
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 SSGA S&P GSCI P    
b STRATEGIC ACTIVE CREDIT TRUST P    
c HARRISON STREET CORE PROPERTY FUND, LP P    
d STRATEGIC PRIVATE EQUITY FUND V LP P    
e STRATEGIC U.S. EQUITY TRUST P    
STRATEGIC EMERGING MARKETS EQUITY TR P    
STRATEGIC DEV MKTS EX US EQ TR P    
WELLINGTON TRUST COMPANY P    
STRATEGIC GLOBAL EQUITY TRUST P    
TCW DIRECT LENDING VII LLC P    
ITALIAN REAL ESTATE SPECIAL SITUATIONS II FEEDER LTD P    
HIRTLE CALLAGHAN PRIVATE EQUITY FUND VII LTD. P    
HIRTLE CALLAGHAN PRIVATE EQUITY FUND VI LTD. P    
SPECIAL OPPORTUNITIES II P    
PRIME PROPERTY FUND LLC P    
PANAGORA DYNAMIC INTERNATIONAL P    
SALES OF PUBLICLY TRADED SECURITIES      
CAPITAL GAINS DIVIDENDS P    
(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       -19,461
b       77,079
c       484
d       7,889
e       419,368
      28,599
      -162,807
      -11,731
      -18,766
8,169   8,168 1
27,483   26,424 1,059
28,519   28,519 0
51,347   51,347 0
93,397   93,397 0
1,799,629   1,742,881 56,748
2,591,852   3,400,000 -808,148
15,896,068   14,735,460 1,160,608
414,578     414,578
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       -19,461
b       77,079
c       484
d       7,889
e       419,368
      28,599
      -162,807
      -11,731
      -18,766
      1
      1,059
      0
      0
      0
      56,748
      -808,148
      1,160,608
      414,578
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 1,145,500
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 5,363,231 109,721,812 0.048880
2017 6,351,178 108,301,453 0.058644
2016 8,633,468 103,163,135 0.083688
2015 5,751,196 110,698,129 0.051954
2014 5,356,491 116,441,885 0.046001
2
Total of line 1, column (d) .....................
2
0.289167
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
0.057833
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
106,537,679
5
Multiply line 4 by line 3......................
5
6,161,394
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
40,130
7
Add lines 5 and 6........................
7
6,201,524
8
Enter qualifying distributions from Part XII, line 4,.............
8
6,220,627
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 40,130
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 40,130
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 40,130
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 69,050
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 119,050
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 78,920
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet78,920 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletNJ
    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
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.TURRELLFUND.ORG
    14
    The books are in care ofbulletRICHARD RIBEIRO VP & CFO Telephone no.bullet (973) 783-9358

    Located atbullet21 VAN VLECK STREETMONTCLAIRNJ ZIP+4bullet07042
    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
    CURTLAND E FIELDS PRESIDENT & CEO/SECRETARY
    50.00
    394,000 103,560 33,229
    21 VAN VLECK STREET
    MONTCLAIR,NJ07042
    RICHARD A RIBEIRO VP & CFO/TREASURER
    50.00
    202,210 71,413 90
    21 VAN VLECK STREET
    MONTCLAIR,NJ07042
    S LAWRENCE PRENDERGAST CHAIRMAN
    10.00
    2,500 0 0
    21 VAN VLECK STREET
    MONTCLAIR,NJ07042
    ROBERT E ANGELICA TRUSTEE
    3.00
    2,500 0 0
    21 VAN VLECK STREET
    MONTCLAIR,NJ07042
    ELIZABETH W CHRISTIE TRUSTEE
    3.00
    1,500 0 0
    21 VAN VLECK STREET
    MONTCLAIR,NJ07042
    REVEREND WILLIAM S GANNON TRUSTEE
    3.00
    2,500 0 0
    21 VAN VLECK STREET
    MONTCLAIR,NJ07042
    DR JULIA A MILLER TRUSTEE
    3.00
    2,500 0 0
    21 VAN VLECK STREET
    MONTCLAIR,NJ07042
    JOHN MORNING TRUSTEE
    3.00
    2,500 0 0
    21 VAN VLECK STREET
    MONTCLAIR,NJ07042
    REVEREND JOHN P MITCHELL TRUSTEE
    3.00
    0 0 0
    21 VAN VLECK STREET
    MONTCLAIR,NJ07042
    MARK SUSTIC TRUSTEE
    3.00
    2,500 0 0
    21 VAN VLECK STREET
    MONTCLAIR,NJ07042
    MATTHEW E MELMED TRUSTEE
    3.00
    2,500 0 0
    21 VAN VLECK STREET
    MONTCLAIR,NJ07042
    WILLIAM H HAMMOND TRUSTEE
    3.00
    0 0 0
    21 VAN VLECK STREET
    MONTCLAIR,NJ07042
    KIM KEISER VT PROJECT DIRECTOR/ASS'T
    35.00
    52,500 0 0
    21 VAN VLECK STREET
    MONTCLAIR,NJ07042
    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
    CARRIE KLIS DIRECTOR OF OPERATIO
    50.00
    90,750 44,413 60
    21 VAN VLECK STREET
    MONTCLAIR,NJ07042
    JUSTIN KICZEK THROUGH 8312019 VP OF PROGRAMS
    40.00
    74,907 29,720 0
    21 VAN VLECK STREET
    MONTCLAIR,NJ07042
    EVAN DELGADO DIRECTOR OF PROGRAMS
    50.00
    63,369 3,090 16,500
    21 VAN VLECK STREET
    MONTCLAIR,NJ07042
    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
    STRATEGIC INVESTMENT GROUP CIO/INVESTMENT MANAGEMENT 470,441
    1001 NINETEENTH STREET NORTH 16TH
    FLOOR
    ARLINGTON,VA22209
    NORTHEAST TECHNOLOGY SUPPORT IT CONSULTING 112,739
    32 EKLUND BLVD
    NESCONSET,NY11767
    CHIESA SHAHINIAN & GIANTOMASI PC LEGAL FEES 52,646
    11 TIMES SQUARE 31ST FLOOR
    NEW YORK,NY10036
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 SEE STMT 16 1,116,655
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    104,770,527
    b
    Average of monthly cash balances.......................
    1b
    3,385,053
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,500
    d
    Total (add lines 1a, b, and c).........................
    1d
    108,160,080
    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
    108,160,080
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,622,401
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    106,537,679
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,326,884
    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
    5,326,884
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    40,130
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    40,130
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,286,754
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    45,740
    5
    Add lines 3 and 4............................
    5
    5,332,494
    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
    5,332,494
    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
    6,220,627
    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
    6,220,627
    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
    40,130
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    6,180,497
    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 5,332,494
    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......  
    b From 2015...... 151,156
    c From 2016...... 3,528,957
    d From 2017...... 1,234,887
    e From 2018......  
    fTotal of lines 3a through e........ 4,915,000
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 6,220,627
    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..... 5,332,494
    e Remaining amount distributed out of corpus 888,133
    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 5,803,133
    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) ...
    0
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......
    5,803,133
    10 Analysis of line 9:
    a Excess from 2015.... 151,156
    b Excess from 2016.... 3,528,957
    c Excess from 2017.... 1,234,887
    d Excess from 2018....  
    e Excess from 2019.... 888,133
    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 e-mail address of the person to whom applications should be addressed:
    EVAN DELAGDO DIRECTOR OF PROGRAMS C
    21 VAN VLECK STREET
    MONTCLAIR,NJ07042
    (973) 783-9358
    bThe form in which applications should be submitted and information and materials they should include:
    ALL GRANT APPLICATIONS MUST BE SUBMITTED ON-LINE. THE FOLLOWING ATTACHMENTS ARE TO BE INCLUDED WITH THE GRANT APPLICATION: IRS DETERMINATION LETTER OF THE ORGANIZATION (TAX EXEMPTION) FORM 990 FOR THE MOST RECENT YEAR AVAILABLE ORGANIZATION'S OPERATING BUDGET FOR THE COMING YEAR LIST OF THE NAMES OF THE ORGANIZATION'S BOARD OF DIRECTORS AND THEIR AFFILIATIONS AUDITED FINANCIAL STATEMENTS FOR THE MOST RECENT YEAR AVAILABLE EXPENSE AND INCOME BUDGET FOR THE PARTICULAR PROJECT OR PROGRAM
    cAny submission deadlines:
    FEBRUARY 1 AND AUGUST 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS ARE GIVEN TO ORGANIZATIONS IN NEW JERSEY (UNION, ESSEX, HUDSON PASSAIC COUNTIES) & VERMONT.
    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
    4CS OF PASSAIC COUNTY INC
    2 MARKET STREET SUITE 300
    PATERSON,NJ07501
    N/A PC PROGRAM SUPPORT 35,000
    ABBOTT LEADERSHIP INSTITUTE
    335 GEORGE STREET
    NEW BRUNSWICK,NJ089012036
    N/A PC PROGRAM SUPPORT 40,000
    ADVOCATES FOR CHILDREN OF NEW JERSEY
    35 HALSEY STREET
    NEWARK,NJ07102
    N/A PC PROGRAM SUPPORT 171,000
    ALL OUR KIN INC
    PO BOX 8477
    NEW HAVEN,CT06530
    N/A PC PROGRAM SUPPORT 12,000
    APOSTLES' HOUSE
    24 GRANT ST
    NEWARK,NJ071043708
    N/A PC PROGRAM SUPPORT 35,000
    BARRE OPERA HOUSE
    6 N MAIN ST 4
    BARRE,VT05641
    N/A PC PROGRAM SUPPORT 2,000
    BARTON LIBRARY CLUB
    PO BOX 549
    BARTON,VT058220549
    N/A PC PROGRAM SUPPORT 2,000
    BENEDICTINE ACADEMY
    840 NORTH BROAD STREET
    ELIZABETH,NJ07208
    N/A PC PROGRAM SUPPORT 42,500
    BETHANY CARES INCORPORATED
    275 W MARKET ST
    NEWARK,NJ071032717
    N/A PC PROGRAM SUPPORT 22,000
    BLOOMINGDALE SCHOOL OF MUSIC
    323 W 108TH ST
    NEW YORK,NY100252743
    N/A PC PROGRAM SUPPORT 2,000
    BOY SCOUTS OF AMERICA - NORTHERN NEW JERSEY COUNCIL
    25 RAMAPO VALLEY RD
    OAKLAND,NJ074361709
    N/A PC PROGRAM SUPPORT 4,000
    BOYS & GIRLS CLUB OF PATERSON INC
    264 21ST AVE
    PATERSON,NJ075013506
    N/A PC PROGRAM SUPPORT 20,000
    BRATTLEBORO MUSEUM AND ART CENTER INC
    10 VERNON ST
    BRATTLEBORO,VT053013389
    N/A PC PROGRAM SUPPORT 2,500
    BUILDING BRIGHT FUTURES STATE ADVISORY COUNCIL INC
    600 BLAIR PARK ROAD SUITE 306
    WILLISTON,VT05495
    N/A PC PROGRAM SUPPORT 14,000
    BURLINGTON SCHOOL DISTRICT
    INTEGRATED ARTS ACADEMY 6 ARCHIBALD
    STREET
    BURLINGTON,VT05401
    N/A PC PROGRAM SUPPORT 500
    CAMANAISTRINGS INC
    931 VILLAGE BLVD SUITE 904-467
    WEST PALM BEACH,FL33409
    N/A PC PROGRAM SUPPORT 500
    CARNEGIE HALL
    881 SEVENTH AVENUE
    NEW YORK,NY100193210
    N/A PC PROGRAM SUPPORT 5,000
    CATHEDRAL OF ST JOHN THE DIVINE
    1047 AMSTERDAM AVE 112TH
    NEW YORK,NY100251747
    N/A PC PROGRAM SUPPORT 1,000
    CAUCUS EDUCATIONAL CORPORATION INC
    75 MIDLAND AVENUE
    MONTCLAIR,NJ07042
    N/A PC PROGRAM SUPPORT 150,000
    CENTER FOR EDUCATION AND JUVENILE JUSTICE
    406 PARKER ST
    NEWARK,NJ071041333
    N/A PC PROGRAM SUPPORT 45,000
    CHANDLER CENTER FOR THE ARTS INC
    71 N MAIN ST 73
    RANDOLPH,VT050601105
    N/A PC PROGRAM SUPPORT 2,000
    CHILD CARE AWARE OF AMERICA
    1515 N COURTHOUSE ROAD 3RD FLOOR
    ARLINGTON,VA222012909
    N/A PC PROGRAM SUPPORT 2,500
    CHILDREN'S DAY NURSERY AND FAMILY CENTER
    104 JEFFERSON ST
    PASSAIC,NJ070555114
    N/A PC PROGRAM SUPPORT 100,000
    COMMUNITY DAY NURSERY (BAYONNE)
    591 BROADWAY
    BAYONNE,NJ070023818
    N/A PC PROGRAM SUPPORT 15,000
    COMMUNITY FOODBANK OF NEW JERSEY INC
    31 EVANS TERMINAL
    HILLSIDE,NJ072052400
    N/A PC PROGRAM SUPPORT 25,000
    COMMUNITY FOUNDATION OF NEW JERSEY (SUMMER FUN)
    PO BOX 338
    MORRISTOWN,NJ079630338
    N/A PC PROGRAM SUPPORT 10,000
    COPE CENTER INC
    104 BLOOMFIELD AVE
    MONTCLAIR,NJ070424723
    N/A PC PROGRAM SUPPORT 18,000
    COUNCIL FOR A STRONG AMERICA
    1212 NEW YORK AVENUE NW SUITE 300
    WASHINGTON,DC20005
    N/A PC PROGRAM SUPPORT 20,000
    COUNCIL OF NEW JERSEY GRANTMAKERS INC
    101 W STATE ST
    TRENTON,NJ086081101
    N/A PC PROGRAM SUPPORT 12,675
    COURT APPOINTED SPECIAL ADVOCATES - PASSAIC COUNTY
    415 HAMBURG TPKE STE 1
    WAYNE,NJ074702164
    N/A PC PROGRAM SUPPORT 18,000
    COURT APPOINTED SPECIAL ADVOCATES (CASA) OF UNION COUNTY
    1143 E JERSEY ST SUITE 45
    ELIZABETH,NJ072012310
    N/A PC PROGRAM SUPPORT 10,000
    CRAFTSBURY PUBLIC LIBRARY INC
    PO BOX 74
    CRAFTSBURY COMMON,VT058270074
    N/A PC PROGRAM SUPPORT 2,500
    CUMBERLAND UNITED METHODIST CHURCH
    163 S COIT ST
    FLORENCE,SC29501
    N/A PC PROGRAM SUPPORT 850
    DAILEY MEMORIAL LIBRARY
    101 JUNIOR HIGH DRIVE
    DERBY,VT058290000
    N/A PC PROGRAM SUPPORT 2,500
    EAGLE FLIGHT SQUADRON INC
    PO BOX 5326
    EAST ORANGE,NJ070195326
    N/A PC PROGRAM SUPPORT 20,000
    EASTER SEALS VERMONT INC
    14 NORTH MAIN STREET NO 3004
    BARRE,VT056414197
    N/A PC PROGRAM SUPPORT 10,000
    EDUCATIONAL ARTS TEAM
    300 MORRIS PESIN DRIVE
    JERSEY CITY,NJ07305
    N/A PC PROGRAM SUPPORT 7,000
    ELIZABETH COALITION TO HOUSE THE HOMELESS THE
    118 DIVISION STREET
    ELIZABETH,NJ072010000
    N/A PC PROGRAM SUPPORT 15,500
    EVA'S VILLAGE INC
    393 MAIN ST
    PATERSON,NJ075012815
    N/A PC PROGRAM SUPPORT 12,000
    EXPONENT PHILANTHROPY
    1720 N ST NW
    WASHINGTON,DC200362907
    N/A PC PROGRAM SUPPORT 750
    FAMILY GARDEN THE
    861 WESTERN AVE
    BRATTLEBORO,VT053016149
    N/A PC PROGRAM SUPPORT 2,000
    FAMILY PROMISE OF CAPE MAY COUNTY
    505 TOWN BANK RD
    N CAPE MAY,NJ082043305
    N/A PC PROGRAM SUPPORT 5,000
    FLYNN CENTER FOR THE PERFORMING ARTS LTD
    153 MAIN ST
    BURLINGTON,VT054018402
    N/A PC PROGRAM SUPPORT 3,000
    FOCUS INC NEWARK DEBATE ACADEMY
    443 BROAD STREET
    NEWARK,NJ071020000
    N/A PC PROGRAM SUPPORT 40,000
    FOOD RESEARCH AND ACTION CENTER (FRAC)
    1200 18TH ST NW STE 400
    WASHINGTON,DC200362527
    N/A PC PROGRAM SUPPORT 2,000
    FOREST HILL COMMUNITY ASSOCIATION
    PO BOX 9481
    NEWARK,NJ071040481
    N/A PC PROGRAM SUPPORT 1,000
    FOUNDATION CENTER THE
    4801 COURTHOUSE ST STE 220
    WILLIAMSBURG,VA231882678
    N/A PC PROGRAM SUPPORT 8,000
    FRIENDS OF NORTH BRANCH NATURE CENTER INC
    713 ELM STREET
    MONTPELIER,VT05602
    N/A PC PROGRAM SUPPORT 2,500
    FRIENDS OF THE COBLEIGH LIBRARY INC
    PO BOX 147
    LYNDONVILLE,VT058510147
    N/A PC PROGRAM SUPPORT 2,500
    GENERATIONS UNITED
    80 F STREET NW
    WASHINGTON,DC200011528
    N/A PC PROGRAM SUPPORT 13,500
    GLASSROOTS INC
    10 BLEEKER ST
    NEWARK,NJ07102
    N/A PC PROGRAM SUPPORT 7,500
    GLOVER PUBLIC LIBRARY
    51 BEAN HILL ROAD
    GLOVER,VT05839
    N/A PC PROGRAM SUPPORT 2,000
    GRADUATE CENTER FOUNDATION INC
    365 FIFTH STREET 8TH FLOOR
    NEW YORK,NY100164309
    N/A PC PROGRAM SUPPORT 5,000
    GRAMMAR SCHOOL THE
    69 HICKORY RIDGE RD S
    PUTNEY,VT053468876
    N/A PC PROGRAM SUPPORT 3,000
    GRAY CHARTER SCHOOL THE
    55 LIBERTY ST
    NEWARK,NJ071024815
    N/A PC PROGRAM SUPPORT 51,000
    GREATER BERGEN COMMUNITY ACTION INC
    392 MAIN STREET
    HACKENSACK,NJ07601
    N/A PC PROGRAM SUPPORT 40,000
    GREATER NEWARK CONSERVANCY INC
    32 PRINCE ST
    NEWARK,NJ071033005
    N/A PC PROGRAM SUPPORT 15,000
    HARLEM CHAMBER PLAYERS INC THE
    191 CLAREMONT AVENUE 25
    NEW YORK,NY10027
    N/A PC PROGRAM SUPPORT 5,000
    HERE ARTS CENTER
    145 SIXTH AVENUE
    NEW YORK,NY10013
    N/A PC PROGRAM SUPPORT 5,000
    IMMACULATE CONCEPTION HIGH SCHOOL
    33 COTTAGE PLACE
    MONTCLAIR,NJ07042
    N/A PC PROGRAM SUPPORT 10,000
    INCLUSIVE ARTS VERMONT (FORMERLY VSA VERMONT)
    21 CARMICHAEL STREET SUITE 206
    ESSEX JUNCTION,VT05452
    N/A PC PROGRAM SUPPORT 3,000
    INNERFAITH PERFORMING ARTS CENTER INC (IPAC)
    PO BOX1141
    PATERSON,NJ07509
    N/A PC PROGRAM SUPPORT 11,000
    INSTITUTE OF MUSIC FOR CHILDREN INC
    780 SALEM AVE
    ELIZABETH,NJ07208
    N/A PC PROGRAM SUPPORT 8,500
    INTERFAITH HOSPITALITY NETWORK FOR THE HOMELESS OF ESSEX COUNTY INC
    46 PARK ST
    MONTCLAIR,NJ070423441
    N/A PC PROGRAM SUPPORT 5,500
    IRONBOUND COMMUNITY CORPORATION
    315-317 ELM ST
    NEWARK,NJ071050000
    N/A PC PROGRAM SUPPORT 50,000
    ISLAND POND PUBLIC LIBRARY
    PO BOX 422
    ISLAND POND,VT05846
    N/A PC PROGRAM SUPPORT 3,000
    JAZZ HOUSE KIDS INC
    623 EAGLE ROCK AVE STE 118
    WEST ORANGE,NJ070522948
    N/A PC PROGRAM SUPPORT 29,300
    JERSEYCAN
    1625 K ST NW SUITE 400
    WASHINGTON,DC20006
    N/A PC PROGRAM SUPPORT 20,000
    JEWISH FAMILY SERVICE AGENCY OF CENTRAL JERSEY
    655 WESTFIELD AVE
    ELIZABETH,NJ072081325
    N/A PC PROGRAM SUPPORT 10,000
    JOHN F KENNEDY LIBRARY FOUNDATION
    COLUMBIA POINT
    BOSTON,MA02125
    N/A PC PROGRAM SUPPORT 2,500
    JOHNSON PUBLIC LIBRARY
    PO BOX 601
    JOHNSON,VT05656
    N/A PC PROGRAM SUPPORT 3,000
    KEEPING BABIES SAFE INC
    16 MOUNT BETHEL RD NO ST 245
    WARREN,NJ070595604
    N/A PC PROGRAM SUPPORT 2,500
    KENT PLACE SCHOOL
    42 NORWOOD AVE
    SUMMIT,NJ079011913
    N/A PC PROGRAM SUPPORT 22,500
    KIDS IN BUSINESS INC
    74 BEACH STREET
    BLOOMFIELD,NJ07003
    N/A PC PROGRAM SUPPORT 10,000
    KING STREET YOUTH CENTER INC
    PO BOX 1615
    BURLINGTON,VT054021615
    N/A PC PROGRAM SUPPORT 25,000
    LAKE CHAMPLAIN WALDORF SCHOOL
    359 TURTLE LN
    SHELBURNE,VT054827649
    N/A PC PROGRAM SUPPORT 2,000
    LAKE DRIVE EDUCATIONAL FOUNDATION FOR DEAF AND HARD OF HEARING CHILDREN INC
    PO BOX 155
    MOUNTAIN LKS,NJ070460155
    N/A PC PROGRAM SUPPORT 4,500
    LET'S GROW KIDS
    19 MARBLE AVENUE SUITE 4
    BURLINGTON,VT05401
    N/A PC PROGRAM SUPPORT 451,000
    LITTLE KIDS ROCK INC
    271 GROVE AVE STE E2
    VERONA,NJ070441729
    N/A PC PROGRAM SUPPORT 10,000
    LUND FAMILY CENTER INC
    50 JOY DR
    SOUTH BURLINGTON,VT054036561
    N/A PC PROGRAM SUPPORT 1,000
    MAIN STREET COUNSELING SERVICE
    8 MARCELLA AVENUE
    WEST ORANGE,NJ07052
    N/A PC PROGRAM SUPPORT 25,000
    MENTAL HEALTH ASSOCIATION IN PASSAIC COUNTY
    404 CLIFTON AVE
    CLIFTON,NJ070112614
    N/A PC PROGRAM SUPPORT 9,000
    MENTAL HEALTH CLINIC OF PASSAIC
    1451 VAN HOUTEN AVENUE
    CLIFTON,NJ07013
    N/A PC PROGRAM SUPPORT 10,000
    MONTCLAIR ART MUSEUM
    3 S MOUNTAIN AVE
    MONTCLAIR,NJ070421747
    N/A PC PROGRAM SUPPORT 6,000
    MONTCLAIR FOUNDATION THE VAN VLECK HOUSE & GARDENS
    21 VAN VLECK STREET
    MONTCLAIR,NJ07042
    N/A PC PROGRAM SUPPORT 9,000
    MORRILL MEMORIAL AND HARRIS LIBRARY
    PO BOX 110 220 JUSTIN MORRILL HWY
    STRAFFORD,VT05072
    N/A PC PROGRAM SUPPORT 3,000
    MUSTARD SEED SCHOOL CHRISTIAN URBAN EDUCATION INC
    422 WILLOW AVENUE
    HOBOKEN,NJ070304177
    N/A PC PROGRAM SUPPORT 20,500
    MYSTIC AQUARIUM
    55 COOGAN BLVD
    MYSTIC,CT06355
    N/A PC PROGRAM SUPPORT 20,000
    NATIONAL FOUNDATION FOR TRANSPLANTS
    5350 POPLAR AVE STE 850
    MEMPHIS,TN381190618
    N/A PC PROGRAM SUPPORT 1,500
    NEW HOPE DEVELOPMENT DAY CARE CENTER INC
    49 12TH AVE 4903
    NEWARK,NJ071030000
    N/A PC PROGRAM SUPPORT 10,500
    NEW JERSEY AMISTAD COMMISSION
    100 RIVERVIEW PLAZA PO BOX 500
    TRENTON,NJ08625
    N/A PC PROGRAM SUPPORT 4,000
    NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION
    32 SPRUCE STREET
    PATERSON,NJ07501
    N/A PC PROGRAM SUPPORT 10,000
    NEW JERSEY HISTORICAL SOCIETY
    52 PARK PLACE
    NEWARK,NJ07102
    N/A PC PROGRAM SUPPORT 30,000
    NEW JERSEY PERFORMING ARTS CENTER
    1 CENTER ST
    NEWARK,NJ071024501
    N/A PC PROGRAM SUPPORT 75,000
    NEW JERSEY SYMPHONY ORCHESTRA
    60 PARK PL STE 900
    NEWARK,NJ071025507
    N/A PC PROGRAM SUPPORT 123,200
    NEWARK ARTS
    17 ACADEMY ST 702
    NEWARK,NJ07102
    N/A PC PROGRAM SUPPORT 25,000
    NEWARK BOYS CHORUS SCHOOL
    1016 BROAD STREET
    NEWARK,NJ07102
    N/A PC PROGRAM SUPPORT 15,000
    NEWARK MUSEUM ASSOCIATION THE
    49 WASHINGTON STREET
    NEWARK,NJ07102
    N/A PC PROGRAM SUPPORT 30,000
    NEWARK SCHOOL OF THE ARTS
    89 LINCOLN PARK
    NEWARK,NJ071022388
    N/A PC PROGRAM SUPPORT 53,500
    NJ YOUTH EMPOWERMENT INC
    800 S 11TH ST
    NEWARK,NJ071081302
    N/A PC PROGRAM SUPPORT 4,500
    NORTH AMERICAN REGGIO EMILIA ALLIANCE (NAREA)
    1131 CANTON ST
    ROSWELL,GA300753616
    N/A PC PROGRAM SUPPORT 1,000
    NORTH WARD CENTER INC THE
    346 MT PROSPECT AVENUE
    NEWARK,NJ071045788
    N/A PC PROGRAM SUPPORT 10,000
    NORTHEAST KINGDOM COMMUNITY ACTION INC
    70 MAIN STREET PO BOX 346
    NEWPORT,VT05819
    N/A PC PROGRAM SUPPORT 3,500
    OASIS HAVEN FOR WOMEN & CHILDREN INC THE
    59 MILL ST
    PATERSON,NJ075011822
    N/A PC PROGRAM SUPPORT 10,000
    OFFENDER AID & RESTORATION OF ESSEX COUNTY INC
    3 PARK TERRACE
    MONTCLAIR,NJ07043
    N/A PC PROGRAM SUPPORT 5,000
    OPERATION WARM INC
    PO BOX 822431
    PHILADELPHIA,PA191822431
    N/A PC PROGRAM SUPPORT 3,500
    OPHELIA J BERRY FUND INC THE (PATHWAYS TO COLLEGE)
    397 LINDEN ST
    WELLESLEY,MA024814906
    N/A PC PROGRAM SUPPORT 50,000
    PARTNERSHIP FOR MATERNAL AND CHILD HEALTH OF NORTHERN NEW JERSEY
    50 PARK PL STE 700
    NEWARK,NJ071024300
    N/A PC PROGRAM SUPPORT 22,000
    PATERSON EDUCATION FUND INC
    451 VAN HOUTEN STREET
    PATERSON,NJ07505
    N/A PC PROGRAM SUPPORT 30,000
    PLAINFIELD CITY UNION OF THE KING'S DAUGHTERS
    502 W FRONT ST
    PLAINFIELD,NJ070601142
    N/A PC PROGRAM SUPPORT 31,000
    PLAYWORKS
    60 PARK PLACE SUITE 1001
    NEWARK,NJ07102
    N/A PC PROGRAM SUPPORT 10,000
    PREVENT CHILD ABUSE - VERMONT
    PO BOX 829
    MONTPELIER,VT056010829
    N/A PC PROGRAM SUPPORT 20,000
    PROGRAMS FOR PARENTS INC
    570 BROAD STREET NO 8TH FL
    NEWARK,NJ071024532
    N/A PC PROGRAM SUPPORT 2,500
    PUSHCART PLAYERS
    261 BLOOMFIELD AVE SUITE A
    VERONA,NJ070442458
    N/A PC PROGRAM SUPPORT 4,500
    REACH OUT AND READ INC (NEW JERSEY)
    2 ORCHARD DRIVE
    BASKING RIDGE,NJ07920
    N/A PC PROGRAM SUPPORT 30,000
    REGIS HIGH SCHOOL
    55 EAST 84TH STREET
    NEW YORK,NY10028
    N/A PC PROGRAM SUPPORT 2,500
    RUTLAND COUNTY PARENT-CHILD CENTER
    61 PLEASANT ST
    RUTLAND,VT057015009
    N/A PC PROGRAM SUPPORT 6,750
    SACRED HEART SCHOOL
    183 BAYVIEW AVE
    JERSEY CITY,NJ07308
    N/A PC PROGRAM SUPPORT 18,000
    SAINT BARNABAS BY-THE-BAY EPISCOPAL CHURCH
    13 WEST BATES AVENUE PO BOX 77
    VILLAS,NJ08204
    N/A PC PROGRAM SUPPORT 2,000
    SAINT DOMINIC ACADEMY
    2572 KENNEDY BOULEVARD
    JERSEY CITY,NJ07304
    N/A PC PROGRAM SUPPORT 15,000
    SAINT VINCENT ACADEMY
    228 W MARKET ST
    NEWARK,NJ07103
    N/A PC PROGRAM SUPPORT 88,000
    SALVATION ARMY THE
    45 CENTRAL AVE
    NEWARK,NJ07102
    N/A PC PROGRAM SUPPORT 20,000
    SCHOOLS THAT CAN CO NEWARK REGIONAL BUSINESS
    60 PARK PLACE SUITE 1800
    NEWARK,NJ07102
    N/A PC PROGRAM SUPPORT 10,000
    SETON HALL PREP - GRIFFIN-BRIDGES PROGRAM
    120 NORTHFIELD AVE
    WEST ORANGE,NJ07052
    N/A PC PROGRAM SUPPORT 2,500
    SEVEN STARS ARTS CENTER
    PO BOX 216
    SHARON,VT050650216
    N/A PC PROGRAM SUPPORT 2,000
    SHAKESPEARE THEATRE OF NEW JERSEY INC THE
    3 VREELAND ROAD
    FLORHAM PARK,NJ07932
    N/A PC PROGRAM SUPPORT 10,000
    SHARRON MILLER'S ACADEMY FOR THE PERFORMING ARTS INC
    14 SOUTH PARK STREET
    MONTCLAIR,NJ070422768
    N/A PC PROGRAM SUPPORT 33,500
    SIMPLY PUT MEDIA INC
    41 WEST 83RD 9A
    NEW YORK,NY100245246
    N/A PC PROGRAM SUPPORT 10,000
    SOUTH WARD CHILDREN'S ALLIANCE
    59 LINCOLN PARK SUITE 50
    NEWARK,NJ07102
    N/A PC PROGRAM SUPPORT 250,000
    SPHINX ORGANIZATION
    400 RENAISSANCE CENTER SUITE 2550
    DETROIT,MI48243
    N/A PC PROGRAM SUPPORT 21,000
    ST PAUL BAPTIST CHURCH INC
    119 ELM STREET
    MONTCLAIR,NJ07042
    N/A PC PROGRAM SUPPORT 1,000
    ST BENEDICT'S PREPARATORY SCHOOL
    520 DR MARTIN LUTHER KING JR
    BOULEVARD
    NEWARK,NJ071021314
    N/A PC PROGRAM SUPPORT 80,250
    ST JOSEPH R C CHURCH (RESURRECTION SCHOOL)
    511 PAVONIA AVE
    JERSEY CITY,NJ073061303
    N/A PC PROGRAM SUPPORT 25,000
    ST PAUL'S COMMUNITY DEVELOPMENT CORPORATION
    456 VAN HOUTEN ST
    PATERSON,NJ075012118
    N/A PC PROGRAM SUPPORT 10,000
    STERN CENTER FOR LANGUAGE AND LEARNING
    183 TALCOTT ROAD
    WILLISTON,VT054952089
    N/A PC PROGRAM SUPPORT 1,000
    STRENGTHEN OUR SISTERS
    196 LINCOLN AVENUE
    HEWITT,NJ074210000
    N/A PC PROGRAM SUPPORT 25,000
    STUDENT PARTNER ALLIANCE
    561 SPRINGFIELD AVE
    SUMMIT,NJ079014404
    N/A PC PROGRAM SUPPORT 22,000
    STUDIO IN A SCHOOL
    410 WEST 59TH STREET
    NEW YORK,NY10019
    N/A PC PROGRAM SUPPORT 39,000
    SUMMIT SCHOOL OF TRADITIONAL MUSIC AND CULTURE INCORPORATED
    PO BOX 5
    MONTPELIER,VT056010005
    N/A PC PROGRAM SUPPORT 2,000
    TEACH FOR AMERICA INC
    25 BROADWAY 12TH FL
    NEW YORK,NY100041056
    N/A PC PROGRAM SUPPORT 40,000
    THE CHILD AND FAMILY GUIDANCE CENTER
    180 FAIRFIELD AVENUE
    BRIDGEPORT,CT066044252
    N/A PC PROGRAM SUPPORT 1,500
    THE FAMILY CENTER OF WASHINGTON COUNTY
    383 SHERWOOD DR
    MONTPELIER,VT056028215
    N/A PC PROGRAM SUPPORT 4,500
    THE FAMILY SCHOOL ASSOCIATION OF THE ETHICAL COMMUNITY CHARTER
    95 BROADWAY
    JERSEY CITY,NJ073066304
    N/A PC PROGRAM SUPPORT 10,000
    THE KIDS ON THE BLOCK NEW JERSEY
    PO BOX 206
    SHIP BOTTOM,NJ08008
    N/A PC PROGRAM SUPPORT 2,500
    TRI-COUNTY SCHOLARSHIP FUND
    14 MAIN STREET
    MENDHAM,NJ07945
    N/A PC PROGRAM SUPPORT 30,000
    TRINITAS HEALTH FOUNDATION
    225 WILLIAMSON ST
    ELIZABETH,NJ072023625
    N/A PC PROGRAM SUPPORT 5,000
    US COMMITTEE FOR REFUGEES AND IMMIGRANTS VERMONT REFUGEE RESETTLEMENT PRO
    2231 CRYSTAL DR STE 350
    ARLINGTON,VA222023794
    N/A PC PROGRAM SUPPORT 1,000
    UNION CITY MUSIC PROJECT INC
    716 23RD ST
    UNION CITY,NJ070872113
    N/A PC PROGRAM SUPPORT 11,000
    UNITED FAMILY AND CHILDREN'S SOCIETY
    305 W 7TH ST
    PLAINFIELD,NJ070601511
    N/A PC PROGRAM SUPPORT 20,000
    UNITED WAY OF PASSAIC COUNTY
    301 MAIN STREET
    PATERSON,NJ07505
    N/A PC PROGRAM SUPPORT 5,000
    URBAN LEAGUE OF ESSEX COUNTY
    508 CENTRAL AVENUE
    NEWARK,NJ07107
    N/A PC PROGRAM SUPPORT 10,000
    UVM FOUNDATION (UNIVERSITY OF VERMONT)
    411 MAIN ST
    BURLINGTON,VT054017420
    N/A PC PROGRAM SUPPORT 1,000
    VERMONT ASSOCIATION FOR THE EDUCATION OF YOUNG CHILDREN
    145 PINE HAVEN SHORES RD STE 1137
    SHELBURNE,VT054827703
    N/A PC PROGRAM SUPPORT 500
    VERMONT CENTER FOR THE BOOK
    PO BOX 423
    CHESTER,VT05143
    N/A PC PROGRAM SUPPORT 2,500
    VERMONT CHILDREN'S TRUST FOUNDATION
    95 SAINT PAUL ST STE 330
    BURLINGTON,VT054016401
    N/A PC PROGRAM SUPPORT 7,500
    VERMONT COMMUNITY FOUNDATION (EARLY CHILDHOOD LEADERSHIP FUND)
    3 COURT ST
    MIDDLEBURY,VT057531405
    N/A PC PROGRAM SUPPORT 30,000
    VERMONT COMMUNITY LOAN FUND (VERMONT EARLY CHILDHOOD ALLIANCE)
    PO BOX 827
    MONTPELIER VT,VT05601
    N/A PC PROGRAM SUPPORT 193,500
    VERMONT ETV
    204 ETHAN ALLEN AVE
    COLCHESTER,VT054463308
    N/A PC PROGRAM SUPPORT 3,000
    VERMONT FAMILY NETWORK
    600 BLAIR PARK RD STE 240
    WILLISTON,VT054957549
    N/A PC PROGRAM SUPPORT 23,950
    VERMONT FOLKLIFE CENTER
    88 MAIN ST
    MIDDLEBURY,VT057531425
    N/A PC PROGRAM SUPPORT 2,000
    VERMONT FOLKLIFE CENTER
    88 MAIN ST
    MIDDLEBURY,VT057531425
    N/A PC PROGRAM SUPPORT 3,000
    VERMONT FOODBANK
    33 PARKER RD
    BARRE,VT056419106
    N/A PC PROGRAM SUPPORT 5,000
    VERMONT YOUTH ORCHESTRA ASSOCIATION INC
    223 ETHAN ALLEN AVE
    COLCHESTER,VT054463306
    N/A PC PROGRAM SUPPORT 2,000
    VIVIAN BEAUMONT THEATER INC
    150 WEST 65TH STREET
    NEW YORK,NY100236916
    N/A PC PROGRAM SUPPORT 29,000
    WHARTON INSTITUTE FOR THE PERFORMING ARTSINC THE
    60 LOCUST AVE
    BERKELEY HTS,NJ079221602
    N/A PC PROGRAM SUPPORT 10,000
    WINSTON PROUTY CENTER FOR CHILD AND FAMILY DEVELOPMENT
    209 AUSTINE DRIVE
    BRATTLEBORO,VT053014481
    N/A PC PROGRAM SUPPORT 14,500
    WRITE ON SPORTS INC
    PO BOX 833
    SOUTH ORANGE,NJ07079
    N/A PC PROGRAM SUPPORT 30,000
    YMCA - EASTERN UNION COUNTY (GATEWAY FAMILY YMCA)
    135 MADISON AVE
    ELIZABETH,NJ072012420
    N/A PC PROGRAM SUPPORT 20,000
    YMCA - GREATER BURLINGTON
    266 COLLEGE ST
    BURLINGTON,VT054018318
    N/A PC PROGRAM SUPPORT 1,000
    YM-YWHA OF UNION COUNTY INC
    501 GREEN LN
    UNION,NJ070837782
    N/A PC PROGRAM SUPPORT 10,000
    YORK STREET PROJECT
    89 YORK STREET
    JERSEY CITY,NJ07302
    N/A PC PROGRAM SUPPORT 20,000
    YOUNG TRADITION VERMONT
    PO BOX 163
    FAIRFAX,VT054540163
    N/A PC PROGRAM SUPPORT 17,500
    YOUTH CONSULTATION SERVICE INC
    284 BROADWAY
    NEWARK,NJ071044003
    N/A PC PROGRAM SUPPORT 20,000
    YWCA - EASTERN UNION COUNTY
    1131 E JERSEY ST
    ELIZABETH,NJ07201
    N/A PC PROGRAM SUPPORT 15,000
    Total .................................bullet 3a 3,823,225
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code
    (b)
    Amount
    (c)
    Exclusion code
    (d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........
        14 62,455  
    4 Dividends and interest from securities.... 525990 1,084 14 1,449,395  
    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 ............
    525990 365 18 3,002,204  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aCORPORATE ACTIONS
        01 3,196  
    bGRANT REFUND     01 45,740  
    cOTHER PARTNERSHIP INCOME 525990 1,888 01 -1,888  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 3,337 4,561,102 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,564,439
    (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


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