-
TIN:
Form
990-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.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
19
Open to Public Inspection
For calendar year 2019, or tax year beginning
01-01-2019
, and ending
12-31-2019
Name of foundation
HAROLD ALFOND FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)
CO DEXTER ENTRPS TWO MONUMENT SQ
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PORTLAND
,
ME
04101
A Employer identification number
22-3281672
B
Telephone number (see instructions)
(207) 828-7999
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
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 .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
895,383,391
J
Accounting method:
Cash
Accrual
Other (specify)
(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)
1
Contributions, gifts, grants, etc., received (attach schedule)
10,000,000
2
Check
.............
3
Interest on savings and temporary cash investments
2,521,395
2,521,395
4
Dividends and interest from securities
...
7,721,311
7,678,205
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
34,886,585
b
Gross sales price for all assets on line 6a
38,794,040
7
Capital gain net income (from Part IV, line 2)
...
29,134,760
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)
.......
939,992
934,315
12
Total.
Add lines 1 through 11
........
56,069,283
40,268,675
13
Compensation of officers, directors, trustees, etc.
0
0
0
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
120,477
6,846
113,631
b
Accounting fees (attach schedule)
.......
19,350
7,740
11,610
c
Other professional fees (attach schedule)
....
1,349,120
615,874
733,246
17
Interest
...............
12,595
0
0
18
Taxes (attach schedule) (see instructions)
...
381,685
358,507
0
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
44,733
17,893
26,840
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
9,441,177
7,264,896
9,258
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
11,369,137
8,271,756
894,585
25
Contributions, gifts, grants paid
.......
47,085,991
46,816,906
26
Total expenses and disbursements.
Add lines 24 and 25
58,455,128
8,271,756
47,711,491
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-2,385,845
b
Net investment income
(if negative, enter -0-)
31,996,919
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
1
Cash—non-interest-bearing
.............
55,695
5,323
5,323
2
Savings and temporary cash investments
.........
5,480,947
8,482,542
8,482,542
3
Accounts receivable
Less: allowance for doubtful accounts
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
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)
.......
328,957,277
316,800,876
552,257,134
c
Investments—corporate bonds (attach schedule)
.......
46,045,048
43,221,926
44,964,816
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
205,202,551
215,114,091
289,668,576
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
5,000
5,000
5,000
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
585,746,518
583,629,758
895,383,391
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
)
4,351,916
4,621,001
23
Total liabilities
(add lines 17 through 22)
.........
4,351,916
4,621,001
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
........
581,394,602
579,008,757
27
Paid-in or capital surplus, or land, bldg., and equipment fund
0
0
28
Retained earnings, accumulated income, endowment, or other funds
0
0
29
Total net assets or fund balances
(see instructions)
.....
581,394,602
579,008,757
30
Total liabilities and net assets/fund balances
(see instructions)
.
585,746,518
583,629,758
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
581,394,602
2
Enter amount from Part I, line 27a
.....................
2
-2,385,845
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3
..........................
4
579,008,757
5
Decreases not included in line 2 (itemize)
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
579,008,757
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
REALTY ASSOCIATES FUND IX CORPORATION
P
b
OCH ZIFF CAPITAL PASS-THROUGH
P
c
SPECIAL OPPS III PASS-THROUGH
P
d
LEGACY VENTURE IV PASS-THROUGH
P
e
LEGACY VENTURE V PASS-THROUGH
P
BLACKSTONE REAL ESTATE PASS-THROUGH
P
DEXTER HEDGE FUNDS TE PASS-THROUGH
P
DEXTER TS INDIA FUND PASS-THROUGH
P
DEXTER US EQUITY TE PASS-THROUGH
P
DEXTER FIXED INCOME TE PASS-THROUGH
P
DEXTER INTERNATIONAL EQUITY PASS-THROUGH
P
DEXTER GLOBAL EQUITY TE PASS-THROUGH
P
DEXTER PRIVATE EQUITY PASS-THROUGH
P
DEXTER REAL ASSETS PASS-THROUGH
P
CLASS ACTION PROCEEDS
P
ADJUSTMENT FOR GAINS INCLUDED IN UBTI
P
WINDJAMMER HOLDINGS INC STOCK DISPOSAL
D
(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
1,340
1,340
b
2,315
2,315
c
157,339
157,339
d
332,471
332,471
e
267,985
267,985
218,981
218,981
6,418,232
6,418,232
102,882
102,882
9,368,931
9,368,931
252,639
252,639
1,606,739
1,606,739
782,052
-782,052
8,039,050
8,039,050
4,443,469
4,443,469
790
790
1,309,031
-1,309,031
12,680
12,680
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
1,340
b
2,315
c
157,339
d
332,471
e
267,985
218,981
6,418,232
102,882
9,368,931
252,639
1,606,739
-782,052
8,039,050
4,443,469
790
-1,309,031
12,680
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
29,134,760
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
41,802,658
818,392,416
0.051079
2017
46,351,343
776,253,417
0.059712
2016
37,663,163
733,858,913
0.051322
2015
35,704,178
735,472,955
0.048546
2014
32,953,278
727,180,835
0.045316
2
Total
of line 1, column (d)
.....................
2
0.255975
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
0.051195
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
808,843,329
5
Multiply line 4 by line 3
......................
5
41,408,734
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
319,969
7
Add lines 5 and 6
........................
7
41,728,703
8
Enter qualifying distributions from Part XII, line 4
,.............
8
47,980,576
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
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
319,969
here
and 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
319,969
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
319,969
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
213,148
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
450,400
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
663,548
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
0
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
343,579
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
343,579
Refunded
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.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
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)
ME
,
CA
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 address
WWW.HAROLDALFONDFOUNDATION.ORG
14
The books are in care of
DEXTER ENTERPRISES INC
Telephone no.
(207) 828-7999
Located at
TWO MONUMENT SQUARE
PORTLAND
ME
ZIP+4
04101
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over
Yes
No
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
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?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(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)?
...............
Yes
No
(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.)
.......
Yes
No
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
Organizations relying on a current notice regarding disaster assistance check here
........
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?
.............
Yes
No
If "Yes," list the years
20
,
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.
20
,
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?
......................
Yes
No
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))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
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
Yes
Organizations relying on a current notice regarding disaster assistance check here
.........
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?
..........
Yes
No
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?
.....................
Yes
No
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?
Yes
No
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?
.................
Yes
No
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
THEODORE B ALFOND
TRUSTEE
2.00
0
0
0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
WILLIAM L ALFOND
TRUSTEE
1.00
0
0
0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
GREGORY W POWELL - SEE STATEMENT 15
TRUSTEE
27.00
0
0
0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
PETER H LUNDER
TRUSTEE
1.00
0
0
0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
STEVEN P AKIN
TRUSTEE
8.00
0
0
0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
THERESA M STONE
TRUSTEE
7.00
0
0
0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
DAVID T FLANAGAN
TRUSTEE
7.00
0
0
0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
BARRY MILLS
TRUSTEE
7.00
0
0
0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
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)
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
DEXTER PRIVATE EQUITY TE LLC
INVEST PORTFOLIO DEDUCTIONS
1,920,445
TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
DEXTER US EQUITY TE LLC
INVEST PORTFOLIO DEDUCTIONS
1,000,927
TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
DEXTER ENTERPRISES INC
INVESTMENT & GRANT ADMINISTRATION
1,000,699
TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
DEXTER REAL ASSETS TE LLC
INVEST PORTFOLIO DEDUCTIONS
898,492
TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
DEXTER INTERNATIONAL EQUITY TE LLC
INVEST PORTFOLIO DEDUCTIONS
849,279
TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
Total
number of others receiving over $50,000 for professional services
.............
4
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
NONE
0
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
.........................
0
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
816,704,651
b
Average of monthly cash balances
.......................
1b
4,456,089
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
821,160,740
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
821,160,740
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
12,317,411
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
808,843,329
6
Minimum investment return.
Enter 5% of line 5
..................
6
40,442,166
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
40,442,166
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
319,969
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
319,969
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
40,122,197
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
40,122,197
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
40,122,197
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
47,711,491
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
269,085
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
47,980,576
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
319,969
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
47,660,607
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
40,122,197
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
1,182,809
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2019:
a
From 2014
......
b
From 2015
......
c
From 2016
......
d
From 2017
......
e
From 2018
......
f
Total
of lines 3a through e
........
0
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
47,980,576
a
Applied to 2018, but not more than line 2a
1,182,809
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
.....
40,122,197
e
Remaining amount distributed out of corpus
6,675,570
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).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
6,675,570
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
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
6,675,570
10
Analysis of line 9:
a
Excess from 2015
....
b
Excess from 2016
....
c
Excess from 2017
....
d
Excess from 2018
....
e
Excess from 2019
....
6,675,570
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
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(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
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.)
1
Information Regarding Foundation Managers:
a
List 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).)
b
List 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.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
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
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
REFER TO GRANT GUIDELINES AT WWWHAR
DEXTER ENTERPRISES INC TWO MONUMENT
SQUARE
PORTLAND
,
ME
04101
(207) 828-7999
b
The form in which applications should be submitted and information and materials they should include:
REFER TO GRANT GUIDELINES AT WWW.HAROLDALFONDFOUNDATION.ORG
c
Any submission deadlines:
REFER TO GRANT GUIDELINES AT WWW.HAROLDALFONDFOUNDATION.ORG
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
REFER TO GRANT GUIDELINES AT WWW.HAROLDALFONDFOUNDATION.ORG
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)
a
Paid during the year
ALFOND SCHOLARSHIP FOUNDATION
15 MONUMENT SQUARE 2ND FLOOR
PORTLAND
,
ME
04101
SO I
OPERATIONS
647,650
ALFOND SCHOLARSHIP FOUNDATION
15 MONUMENT SQUARE 2ND FLOOR
PORTLAND
,
ME
04101
SO I
ASF SCHOLARSHIP PAYMENTS
6,154,247
ALFOND SCHOLARSHIP FOUNDATION
15 MONUMENT SQUARE 2ND FLOOR
PORTLAND
,
ME
04101
SO I
QUARTERLY FAME EXPENSES
249,350
ALFOND YOUTH & COMMUNITY CENTER
126 NORTH STREET
WATERVILLE
,
ME
04901
PC
STRATEGIC LONG TERM CAPITAL AND DEVELOPMENT SUSTAINABILITY AT THE ALFOND YOUTH CENTER
532,252
ALFOND YOUTH & COMMUNITY CENTER
126 NORTH STREET
WATERVILLE
,
ME
04901
PC
WATERVILLE CAL RIPKEN LEAGUE
150
ALFOND YOUTH & COMMUNITY CENTER
126 NORTH STREET
WATERVILLE
,
ME
04901
PC
WELLNESS PROJECT
3,672,384
AMERICAN UNIVERSITY IN BULGARIA
910 17TH ST NW SUITE 1100
WASHINGTON
,
DC
20006
PC
UNRESTRICTED
10,000
AROOSTOOK MENTAL HEALTH SERVICES INC
PO BOX 1018
CARIBOU
,
ME
04736
PC
AROOSTOOK TEEN LEADERSHIP CAMP (ATLC) PROGRAM
500
ARTS FOUNDATION OF CAPE COD
396 MAIN STREET
HYANNIS
,
MA
02601
PC
UNRESTRICTED
4,000
BELGRADE REGIONAL HEALTH CENTER
PO BOX 304
BELGRADE LAKES
,
ME
04918
PC
SECURITY IMPROVEMENTS - ALARM AND OUTSIDE LIGHTING
15,000
BETH ISRAEL CONGREGATION
PO BOX 1882
WATERVILLE
,
ME
04903
PC
OPERATIONS
50,000
BETH ISRAEL CONGREGATION
PO BOX 244
BATH
,
ME
04530
PC
OPERATIONS
2,000
BOYS AND GIRLS CLUBS OF PUERTO RICO
PO BOX 79526
CAROLINA
,
PR
009849526
PC
PHASE I OF VIMENTI PROJECT
500,000
BRUNSWICK COMMUNITY EDUCATION FOUNDATION
PO BOX 1042
BRUNSWICK
,
ME
040111042
PC
UNRESTRICTED
3,000
CATHANCE RIVER EDUCATION ALLIANCE
PO BOX 187
TOPSHAM
,
ME
040860187
PC
UNRESTRICTED
5,000
CENTER FOR CURRICULUM REDESIGN
10 JAMAICAWAY 18
BOSTON
,
MA
02130
PC
CYBERPANTHERS CS PATH FOR EDUCATION, EMPLOYABILITY AND LIFE
938,000
CHILDREN'S CENTER EARLY INTERVENTION AND FAMILY SUPPORT
1 ALDEN AVE
AUGUSTA
,
ME
043300000
PC
UNRESTRICTED
15,000
CITY OF WATERVILLE
1 COMMON STREET
WATERVILLE
,
ME
04926
GOV
ALFOND MUNICIPAL POOL RENOVATION - PHASE I
560,000
COASTAL MAINE BOTANICAL GARDENS INC
PO BOX 234
BOOTHBAY
,
ME
04537
PC
UNRESTRICTED
2,000
COBSCOOK COMMUNITY LEARNING CENTER
10 COMMISSARY POINT ROAD
TRESCOTT TWP
,
ME
04652
PC
HEARTWOOD CLASSROOMS
100,000
COLBY COLLEGE
4000 MAYFLOWER HILL
WATERVILLE
,
ME
049018846
PC
ATHLETICS CENTER
10,000,000
COLBY COLLEGE
4000 MAYFLOWER HILL
WATERVILLE
,
ME
049018846
PC
WATERVILLE DOWNTOWN DEVELOPMENT FUND
2,000,000
COLBY COLLEGE
4000 MAYFLOWER HILL
WATERVILLE
,
ME
049018846
PC
MAIN STREET HOTEL DEVELOPMENT PROJECT
2,500,000
EAGLES NEST FOUNDATION INCORPORATED
43 HART RD
PISGAH FOREST
,
NC
28768
PC
UNRESTRICTED
1,000
EDUCARE CENTRAL MAINE
97 WATER ST
WATERVILLE
,
ME
049016339
PC
HAROLD ALFOND SCHOLARSHIPS
250,000
FOUNDATION FOR A STRONG MAINE ECONOMY
125 COMMUNITY DRIVE SUITE 101
AUGUSTA
,
ME
04330
PC
FOCUSMAINE YEARS ONE TO THREE OF TEN-YEAR IMPLEMENTATION PLAN
1,656,452
FRIENDS OF THE MAINE STATE MUSEUM
83 STATE HOUSE STATION
AUGUSTA
,
ME
043330083
PC
UNRESTRICTED
5,000
GLOUCESTER MARITIME HERITAGE CENTER
23 HARBOR LOOP
GLOUCESTER
,
MA
019305004
PC
UNRESTRICTED
20,000
GULFSHORE PLAYHOUSE
1010 5TH AVE S SUITE 205
NAPLES
,
FL
341026408
PC
UNRESTRICTED
15,000
JOBS FOR MAINE'S GRADUATES INC
65 STONE STREET
AUGUSTA
,
ME
04330
PC
ENDOWMENT AND COLLEGE & CAREER SUCCESS INITIATIVE
1,081,716
KENNEBEC BEHAVIORAL HEALTH
67 EUSTIS PARKWAY
WATERVILLE
,
ME
04901
PC
OPERATING
2,000
KENNEBEC VALLEY YMCA
31 UNION STREET
AUGUSTA
,
ME
04330
PC
GIVE FOR A BETTER US CAMPAIGN
250,000
FAME LEADERS INC
PO BOX 949
AUGUSTA
,
ME
043320949
SO I
MARKETING SUPPORT 2019
7,500
MAINE CENTER VENTURES
UNIVERSITY OF MAINE SCHOOL OF LAW
RM 710 246 DEERING AVE
PORTLAND
,
ME
04102
PC
MAINE CENTER FOR GRADUATE PROFESSIONAL STUDIES
3,000,000
MAINE DEVELOPMENT FOUNDATION
2 BEECH STREET SUITE 203
HALLOWELL
,
ME
04347
PC
MAINESPARK
3,000
MAINE IRISH HERITAGE CENTER
PO BOX 7588
PORTLAND
,
ME
04112
PC
UNRESTRICTED
5,000
MAINE MEDICAL CENTER
22 BRAMHALL ST
PORTLAND
,
ME
041023134
PC
UNRESTRICTED
15,000
MAINE SPORTS HALL OF FAME
PO BOX 2619
PORTLAND
,
ME
04116
PC
UNRESTRICTED
2,000
MAINEGENERAL HEALTH
110 FORE STREET
PORTLAND
,
ME
04101
SO III
THE DEVELOPMENT OF AN INTEGRATED, PATIENT-CENTERED ONCOLOGY SERVICE LINE FOR MAINE
430,650
MAINEHEALTH
110 FORE STREET
PORTLAND
,
ME
04101
SO III
THE DEVELOPMENT OF AN INTEGRATED, PATIENT-CENTERED ONCOLOGY SERVICE LINE FOR MAINE
2,569,350
MID COAST HOSPITAL
123 MEDICAL CENTER DR
BRUNSWICK
,
ME
040112652
PC
UNRESTRICTED
15,000
OGUNQUIT MUSEUM OF AMERICAN ART
PO BOX 815 543 SHORE ROAD
OGUNQUIT
,
ME
039070815
PC
UNRESTRICTED
2,000
OLYMPIA SNOWE WOMEN'S LEADERSHIP INSTITUTE
ONE CANAL PLAZA SUITE 501
PORTLAND
,
ME
04101
PC
SUPPORT FOR LONG-TERM SUSTAINABLE DELIVERY OF PROGRAMMING STATEWIDE IN MAINE
400,000
PAUL TAYLOR DANCE FOUNDATION
551 GRAND STREET
NEW YORK
,
NY
100024282
PC
UNRESTRICTED
40,000
ROLLINS COLLEGE
1000 HOLT AVENUE
WINTER PARK
,
FL
327894499
PC
THE INNOVATION TRIANGLE
4,000,000
SAINT JOSEPH'S COLLEGE
278 WHITES BRIDGE ROAD
STANDISH
,
ME
04084
PC
CREATING THE CENTER FOR NURSING EXCELLENCE AT SAINT JOSEPH'S COLLEGE
475,858
SEEDS OF PEACE INC
370 LEXINGTON AVE SUITE 1201
NEW YORK
,
NY
10017
PC
WATERVILLE AND WINSLOW SEEDS PROGRAM
25,000
SPECTRUM GENERATIONS
ONE WESTON COURT
AUGUSTA
,
ME
04338
PC
SUKEFORTH FAMILY FESTIVAL OF TREES - SUPPORTING MEALS ON WHEELS
1,200
SUSAN CURTIS FOUNDATION
1321 WASHINGTON AVE SUITE 104
PORTLAND
,
ME
04103
PC
CAMP SUSAN CURTIS YOUTH DEVELOPMENT PROGRAM
14,700
THE CAHOON MUSEUM OF AMERICAN ART INC
PO BOX 1853
COTUIT
,
MA
02635
PC
UNRESTRICTED
10,000
THE JACKSON LABORATORY
600 MAIN STREET
BAR HARBOR
,
ME
04609
PC
MAINE CANCER GENOMICS INITIATIVE
2,750,000
THE MAINE CHILDREN'S HOME FOR LITTLE WANDERERS
93 SILVER STREET
WATERVILLE
,
ME
049015923
PC
ANNUAL CAMPAIGN
15,000
THE NATURE CONSERVANCY IN MAINE
14 MAINE STREET SUITE 401
BRUNSWICK
,
ME
04011
PC
UNRESTRICTED
3,000
THE PIONEER INSTITUTE
185 DEVONSHIRE STREET SUITE 1101
BOSTON
,
MA
02110
PC
UNRESTRICTED
20,000
THOMAS COLLEGE
180 W RIVER RD
WATERVILLE
,
ME
049015066
PC
HAROLD ALFOND INSTITUTE FOR BUSINESS INNOVATION
738,947
THOMAS COLLEGE
180 W RIVER RD
WATERVILLE
,
ME
049015066
PC
UNRESTRICTED
2,000
UNITED WAY OF MID-MAINE INC
105 KENNEDY MEMORIAL DRIVE
WATERVILLE
,
ME
04901
PC
UNITED WAY OF MID-MAINE ANNUAL FUND
12,500
UNIVERSITY OF FLORIDA FOUNDATION
PO BOX 14425
GAINESVILLE
,
FL
326042425
PC
NORMAN FIXEL INSTITUTE OF NEUROLOGICAL DISEASES AT UNIVERSITY OF FLORIDA HEALTH
500
UNIVERSITY OF MAINE FOUNDATION
TWO ALUMNI PLACE
ORONO
,
ME
044695792
PC
THE ALFOND FUND TO SUPPORT UMAINE ATHLETIC EXCELLENCE
500,000
UNIVERSITY OF MAINE SCHOOL OF LAW FOUNDATION
246 DEERING AVE
PORTLAND
,
ME
041022837
PC
DANIELLE CONWAY SCHOOL OF LAW SCHOLARSHIP FUND
2,000
WATERVILLE CREATES
10 WATER ST SUITE 106
WATERVILLE
,
ME
04901
PC
2019 -2023 OPERATING SUPPORT
500,000
WATERVILLE CREATES
10 WATER ST SUITE 106
WATERVILLE
,
ME
04901
PC
SEASON SPONSOR 2019 - 2020
15,000
Total
.................................
3a
46,816,906
b
Approved for future payment
CENTER FOR CURRICULUM REDESIGN
10 JAMAICAWAY 18
BOSTON
,
MA
02130
PC
CYBERPANTHERS CS PATH FOR EDUCATION, EMPLOYABILITY AND LIFE
497,000
FAME LEADERS INC
PO BOX 949
AUGUSTA
,
ME
043320949
SO I
CURRENT YEAR SET ASIDE - ALFOND LEADERS STUDENT DEBT REDUCTION PROGRAM
269,085
Total
.................................
3b
766,085
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.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
14
2,521,395
4
Dividends and interest from securities
....
14
7,721,311
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
14
939,992
8
Gain or (loss) from sales of assets other than
inventory
............
900099
1,229,945
18
33,656,640
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)
..
1,229,945
44,839,338
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
46,069,283
(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.)
1
NOT APPLICABLE
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?
...........
Yes
No
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.
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
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description