-
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
BRUCE & KAREN LEVENSON FAMILY FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)
211 NORTH BROADWAY SUITE 1000
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ST LOUIS
,
MO
63102
A Employer identification number
47-4630940
B
Telephone number (see instructions)
(301) 287-2235
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)
$
22,912,293
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)
2
Check
.............
3
Interest on savings and temporary cash investments
6,016
6,016
4
Dividends and interest from securities
...
818,410
818,410
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
864,973
b
Gross sales price for all assets on line 6a
27,571,930
7
Capital gain net income (from Part IV, line 2)
...
864,973
8
Net short-term capital gain
.........
0
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
12
Total.
Add lines 1 through 11
........
1,689,399
1,689,399
13
Compensation of officers, directors, trustees, etc.
14
Other employee salaries and wages
......
0
0
0
15
Pension plans, employee benefits
.......
0
0
16a
Legal fees (attach schedule)
.........
381
381
0
0
b
Accounting fees (attach schedule)
.......
500
500
0
0
c
Other professional fees (attach schedule)
....
108,636
108,636
0
17
Interest
...............
0
18
Taxes (attach schedule) (see instructions)
...
48,315
1,045
0
19
Depreciation (attach schedule) and depletion
...
0
0
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
0
0
22
Printing and publications
..........
0
0
23
Other expenses (attach schedule)
.......
180
180
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
158,012
110,742
0
0
25
Contributions, gifts, grants paid
.......
7,633,336
7,633,336
26
Total expenses and disbursements.
Add lines 24 and 25
7,791,348
110,742
0
7,633,336
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-6,101,949
b
Net investment income
(if negative, enter -0-)
1,578,657
c
Adjusted net income
(if negative, enter -0-)
...
0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2019)
Form 990-PF (2019)
Page
2
Part II
Balance Sheets
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
.............
2
Savings and temporary cash investments
.........
1,225,956
1,011,487
1,011,487
3
Accounts receivable
61,535
Less: allowance for doubtful accounts
17,673
61,535
61,535
4
Pledges receivable
Less: allowance for doubtful accounts
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
7
Other notes and loans receivable (attach schedule)
Less: allowance for doubtful accounts
0
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
c
Investments—corporate bonds (attach schedule)
.......
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
26,413,464
20,495,534
21,839,271
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
27,657,093
21,568,556
22,912,293
17
Accounts payable and accrued expenses
..........
18
Grants payable
.................
19
Deferred revenue
.................
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
......
22
Other liabilities (describe
)
23
Total liabilities
(add lines 17 through 22)
.........
0
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
27,657,093
21,568,556
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
........
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)
.....
27,657,093
21,568,556
30
Total liabilities and net assets/fund balances
(see instructions)
.
27,657,093
21,568,556
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
27,657,093
2
Enter amount from Part I, line 27a
.....................
2
-6,101,949
3
Other increases not included in line 2 (itemize)
3
13,412
4
Add lines 1, 2, and 3
..........................
4
21,568,556
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
21,568,556
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
68000. APPLE INC 2.75% 13 JAN 2025
2017-11-06
2019-01-10
b
15000. EUROPEAN INVESTMENT BANK 2.875% 15 DEC 2021
2018-09-05
2019-01-11
c
20000. FEDERAL HOME LOAN BANK 2.625% 01 OCT 2020
2018-09-06
2019-01-11
d
11000. FANNIE MAE 2.375% 19 JAN 2023
2018-01-19
2019-01-11
e
10000. FREDDIE MAC 2.375% 16 FEB 2021
2018-02-15
2019-01-11
11000. INTER-AMERICAN DEVEL BK 2.625% 19 APR
2018-04-12
2019-01-11
17000. INTL BK RECON & DEVELOP 2.75% 23 JUL
2018-07-18
2019-01-11
11000. US TREASURY N/B 2.875% 15 MAY 2028
2018-09-14
2019-01-11
11000. U.S. TREASURY NOTES 1.500% 1/31/19
2018-12-06
2019-01-11
12000. US TREASURY N/B 2.25% 15 NOV 2025
2017-11-29
2019-01-11
12000. US TREASURY N/B 2.125% 31 DEC 2022
2017-04-24
2019-01-11
11000. US TREASURY N/B 2.625% 15 AUG 2020
2017-03-30
2019-01-11
12000. US TREASURY N/B 2% 15 NOV 2021
2017-03-30
2019-01-11
11000. US TREASURY N/B 2% 15 FEB 2023
2018-01-29
2019-01-11
12000. US TREASURY N/B 2.25% 31 DEC 2023
2018-09-19
2019-01-11
10000. US TREASURY N/B 2.25% 30 APR 2021
2017-06-13
2019-01-11
11000. US TREASURY N/B 2.25% 31 JUL 2021
2017-06-29
2019-01-11
3789. ISHARES RUSSELL MID-CAP VALU
2018-09-27
2019-01-17
1590. ISHARES CORE S&P MIDCAP ETF
2017-02-27
2019-01-17
894. WILLIAMS COS INC COM
2017-02-01
2019-01-17
145000. JPMORGAN CHASE & CO 3.509% 23 JAN 2029
2018-01-16
2019-01-29
210000. EXXON MOBIL CORPORATION .68763% 06 MAR 2022
2018-05-31
2019-01-30
187000. MORGAN STANLEY 3.125% 23 JAN 2023
2018-01-18
2019-01-30
249000. TOYOTA MOTOR CREDIT CORP 1.59138% 13 APR 2021
2018-04-10
2019-01-31
557000. U.S. TREASURY NOTES 1.500% 1/31/19
2018-12-06
2019-01-31
390000. FEDERAL HOME LOAN BANK 2.625% 01 OCT 2020
2018-09-06
2019-02-05
341000. FREDDIE MAC 2.375% 16 FEB 2021
2019-02-05
275000. AT&T INC 4.25% 01 MAR 2027
2017-12-07
2019-02-13
136000. CELGENE CORP 3.625% 15 MAY 2024
2017-11-01
2019-02-13
256000. FANNIE MAE 2.375% 19 JAN 2023
2018-01-19
2019-02-14
22000. US TREASURY N/B 2.875% 15 MAY 2028
2018-09-14
2019-03-04
15000. US TREASURY N/B 1.625% 31 AUG 2019
2019-01-31
2019-03-04
20000. US TREASURY N/B 2.25% 15 NOV 2025
2017-11-29
2019-03-04
20000. US TREASURY N/B 2.125% 31 DEC 2022
2017-04-24
2019-03-04
8000. US TREASURY N/B 2.625% 15 AUG 2020
2017-03-30
2019-03-04
20000. US TREASURY N/B 2% 15 NOV 2021
2017-03-30
2019-03-04
570000. US TREASURY N/B 2% 15 NOV 2021
2017-03-30
2019-03-04
22000. US TREASURY N/B 2% 15 FEB 2023
2018-01-29
2019-03-04
234000. US TREASURY N/B 2% 15 FEB 2023
2018-01-29
2019-03-04
266000. US TREASURY N/B 2% 15 FEB 2023
2018-10-03
2019-03-04
22000. US TREASURY N/B 2.25% 31 DEC 2023
2018-09-19
2019-03-04
7000. US TREASURY N/B 2.25% 31 JUL 2021
2017-06-29
2019-03-04
69000. FORD MOTOR CREDIT CO LLC 4.14% 15 FEB 2023
2018-04-30
2019-03-06
570000. US TREASURY N/B 2.25% 31 DEC 2023
2019-03-07
97000. FANNIE MAE 2.375% 19 JAN 2023
2018-01-19
2019-03-12
119000. FANNIE MAE 2.375% 19 JAN 2023
2018-07-27
2019-03-12
15000. APPLE INC 2.75% 13 JAN 2025
2017-11-06
2019-03-13
14000. BANK OF AMERICA CORP 3.97% 05 MAR 2029
2018-02-28
2019-03-13
16000. BP CAP MARKETS AMERICA 3.796% 21 SEP
2018-09-18
2019-03-13
15000. JOHN DEERE CAPITAL CORP 3.45% 13 MAR
2018-09-05
2019-03-13
16000. GENERAL DYNAMICS CORP 3.5% 15 MAY 2025
2018-05-15
2019-03-13
15000. GOLDMAN SACHS GROUP INC 3.272% 29 SEP
2017-10-04
2019-03-13
12000. WALMART INC 3.125% 23 JUN 2021
2018-06-20
2019-03-13
21000. WELLS FARGO BANK NA 3.625% 22 OCT 2021
2018-10-16
2019-03-13
162000. WALMART INC 3.125% 23 JUN 2021
2018-06-20
2019-03-15
76000. FORD MOTOR CREDIT CO LLC 4.14% 15 FEB 2023
2018-04-30
2019-03-20
10000. US TREASURY N/B 2.875% 15 MAY 2028
2018-09-14
2019-03-27
17000. US TREASURY N/B 2.25% 15 NOV 2025
2019-03-27
10000. US TREASURY N/B 2.25% 31 JUL 2021
2017-06-29
2019-03-27
114000. ANHEUSER-BUSCH INBEV WOR 4.15% 23 JAN 2025
2019-01-10
2019-04-02
181000. FORD MOTOR CREDIT CO LLC 4.14% 15 FEB 2023
2018-04-30
2019-04-02
725. ISHARES RUSSELL 1000 GROWTH
2017-02-27
2019-04-05
10424.298 MNSTY MCKY H/Y CORP BND-I
2017-03-02
2019-04-05
500. VANGUARD VALUE ETF
2017-02-27
2019-04-05
350. ISHARES RUSSELL MID-CAP GROW
2018-09-27
2019-04-09
2599. ISHARES RUSSELL 1000 GROWTH
2017-02-27
2019-04-09
685. VANGUARD VALUE ETF
2017-02-27
2019-04-15
196000. APPLE INC 2.75% 13 JAN 2025
2017-11-06
2019-04-17
140000. CITIGROUP INC 2.876% 24 JUL 2023
2017-08-07
2019-04-17
250. ISHARES RUSSELL MID-CAP GROW
2018-09-27
2019-04-17
229000. TREASURY BILL 20 JUN 2019
2019-03-27
2019-04-30
172000. JPMORGAN CHASE & CO 3.509% 23 JAN 2029
2018-01-16
2019-05-07
157000. INTL BK RECON & DEVELOP 2.75% 23 JUL
2018-07-18
2019-05-15
750. ISHARES RUSSELL MID-CAP GROW
2018-09-27
2019-05-16
1325. ISHARES CORE S&P SMALL-CAP E
2017-02-27
2019-05-20
550. ISHARES RUSSELL 2000 VALUE E
2018-09-27
2019-05-23
365. ISHARES RUSSELL 2000 GROWTH
2018-09-27
2019-05-23
86000. BARCLAYS BANK PLC 2.65% 11 JAN 2021
2018-01-04
2019-06-05
127000. JOHN DEERE CAPITAL CORP 3.45% 13 MAR
2018-09-05
2019-06-05
102000. GENERAL DYNAMICS CORP 3.5% 15 MAY 2025
2019-06-05
1000000. ISRAEL ST DEB 2.100%01 DEC 2018
2018-06-01
2019-06-06
280000. WELLS FARGO BANK NA 3.625% 22 OCT 2021
2018-10-16
2019-06-10
239000. INTL BK RECON & DEVELOP 2.5% 19 MAR 2024
2019-03-12
2019-06-14
126000. TYSON FOODS INC 4% 01 MAR 2026
2019-02-13
2019-06-24
215000. FEDERAL HOME LOAN BANK 2.5% 13 FEB 2024
2019-02-14
2019-07-02
95000. ABBVIE INC 3.6% 14 MAY 2025
2019-02-13
2019-07-08
132000. GOLDMAN SACHS GROUP INC 3.272% 29 SEP
2019-07-09
137000. BANK OF AMERICA CORP 3.97% 05 MAR 2029
2018-02-28
2019-07-10
119000. BANK OF AMERICA CORP 3.97% 05 MAR 2029
2018-02-28
2019-07-19
182000. INTER-AMERICAN DEVEL BK 2.625% 19 APR
2018-04-12
2019-07-23
127000. BARCLAYS BANK PLC 2.65% 11 JAN 2021
2018-01-04
2019-07-25
122000. GENERAL DYNAMICS CORP 3.5% 15 MAY 2025
2018-05-09
2019-07-26
60000. AT&T INC 4.35% 01 MAR 2029
2019-02-13
2019-08-01
187000. ABBVIE INC 3.6% 14 MAY 2025
2019-02-13
2019-08-01
136000. CVS HEALTH CORP 3.7% 09 MAR 2023
2018-03-06
2019-08-13
10836. TECHTARGET
2007-05-17
2019-08-14
.061 VANGUARD FTSE DEVELOPED ETF
2017-02-28
2019-08-27
137000. SHERWIN-WILLIAMS CO 2.25% 15 MAY 2020
2019-08-28
120000. SHERWIN-WILLIAMS CO 2.25% 15 MAY 2020
2019-08-28
580000. US TREASURY N/B 1.625% 31 AUG 2019
2019-09-03
187000. INTL BK RECON & DEVELOP 2.75% 23 JUL
2018-07-18
2019-09-09
118000. AT&T INC 4.35% 01 MAR 2029
2019-02-13
2019-09-10
286000. EUROPEAN INVESTMENT BANK 2.875% 15 DEC 2021
2018-09-05
2019-09-18
357142.858 MNSTY MCKY H/Y CORP BND-I
2017-03-02
2019-09-18
109163.937 TIAA CREF HIGH YIELD-INST
2017-03-02
2019-09-18
122000. JOHN DEERE CAPITAL CORP 3.45% 13 MAR
2018-09-05
2019-09-19
126000. GOLDMAN SACHS GROUP INC 3.272% 29 SEP
2017-09-26
2019-09-19
86000. MORGAN STANLEY 2.02763% 22 JUL 2022
2019-01-30
2019-09-19
75000. MICROSOFT CORP 2% 08 AUG 2023
2019-10-30
675000. US TREASURY N/B 1.5% 31 OCT 2019
2019-10-31
106000. BP CAP MARKETS AMERICA 3.796% 21 SEP
2019-11-05
37000. BP CAP MARKETS AMERICA 3.796% 21 SEP
2019-09-27
2019-11-05
292000. EUROPEAN INVESTMENT BANK 1.625% 16 MAR 2020
2019-11-07
226000. US TREASURY N/B 2.5% 31 MAY 2020
2019-11-08
205000. COMCAST CORP 3.3% 01/10/2020
2019-11-13
20000. COMCAST CORP 3.3% 01/10/2020
2019-10-25
2019-11-13
140000. BP CAP MARKETS AMERICA 3.796% 21 SEP
2018-09-18
2019-11-18
96000. JPMORGAN CHASE & CO 3.702% 06 MAY 2030
2019-11-18
1131. ISHARES RUSSELL MID-CAP VALU
2018-09-27
2019-12-04
2020. ISHARES RUSSELL MID-CAP GROW
2018-09-27
2019-12-04
3110. ISHARES RUSSELL 2000 VALUE E
2018-09-27
2019-12-04
1920. ISHARES RUSSELL 2000 GROWTH
2018-09-27
2019-12-04
2589. ISHARES CORE S&P SMALL-CAP E
2017-02-27
2019-12-04
2710. VANGUARD S&P 500 ETF
2017-02-27
2019-12-04
1297. VANGUARD VALUE ETF
2017-02-27
2019-12-04
5821.712 FIDELITY NEW MRKTS INC-Z
2019-12-05
672.114 FIDELITY NEW MRKTS INC-Z
2017-03-02
2019-12-05
15688.86 PIMCO E/M LCL CUR & BND-INST
2017-03-02
2019-12-05
198596.932 TIAA-CREF BOND FUND INSTL FD# 1835
2017-03-02
2019-12-05
6373.076 TIAA-CREF BOND FUND INSTL FD# 1835
2019-05-23
2019-12-05
24476.543 TIAA CREF HIGH YIELD-INST
2017-03-02
2019-12-05
42161.31 TIAA CREF SHRT-TRM BND-INST
2019-12-05
25000. AMERICAN EXPRESS CO 1.14088% 05 NOV 2021
2018-11-02
2019-12-06
15000. APPLE INC 1.7% 11 SEP 2022
2019-10-04
2019-12-06
20000. BANK OF AMERICA CORP 3.194% 23 JUL 2030
2019-10-11
2019-12-06
10000. CVS HEALTH CORP 3% 15 AUG 2026
2019-11-06
2019-12-06
20000. CAPITAL ONE NA 2.15% 06 SEP 2022
2019-10-09
2019-12-06
10000. CITIGROUP INC 3.352% 24 APR 2025
2019-11-12
2019-12-06
10000. COMCAST CORP 2.65% 01 FEB 2030
2019-11-05
2019-12-06
25000. EUROPEAN INVESTMENT BANK 1.625% 16 MAR 2020
2019-03-01
2019-12-06
30000. FEDERAL HOME LOAN BANK 1.625% 19 NOV 2021
2019-11-15
2019-12-06
35000. FANNIE MAE 1.75% 02 JUL 2024
2019-09-30
2019-12-06
10000. FANNIE MAE 1.375% 06 SEP 2022
2019-09-05
2019-12-06
25000. FANNIE MAE 1.375% 06 SEP 2022
2019-09-05
2019-12-06
25000. FANNIE MAE 1.625% 15 OCT 2024
2019-10-17
2019-12-06
10000. HOME DEPOT INC 2.95% 15 JUN 2029
2019-11-06
2019-12-06
25000. INTEL CORP 2.45% 15 NOV 2029
2019-11-18
2019-12-06
10000. IBM CORP 2.8% 13 MAY 2021
2019-10-24
2019-12-06
10000. JPMORGAN CHASE & CO 3.702% 06 MAY 2030
2019-04-29
2019-12-06
15000. MICROSOFT CORP 2% 08 AUG 2023
2019-06-14
2019-12-06
15000. MORGAN STANLEY 2.02763% 22 JUL 2022
2019-09-23
2019-12-06
10000. PEPSICO INC 2.625% 29 JUL 2029
2019-10-29
2019-12-06
15000. PFIZER INC 2.95% 15 MAR 2024
2019-11-05
2019-12-06
20000. ROYAL BANK OF CANADA 1.15013% 30 APR
2019-10-22
2019-12-06
5000. ROYAL BANK OF CANADA 1.15013% 30 APR
2018-04-24
2019-12-06
20000. SHELL INTERNATIONAL FIN 2% 07 NOV 2024
2019-11-04
2019-12-06
20000. US BANCORP 2.4% 30 JUL 2024
2019-10-28
2019-12-06
45000. US TREASURY N/B 2.25% 31 OCT 2024
2019-10-16
2019-12-06
45000. US TREASURY N/B 2.875% 15 MAY 2028
2019-10-01
2019-12-06
35000. US TREASURY N/B 2.5% 31 MAY 2020
2019-02-05
2019-12-06
55000. US TREASURY N/B 2.375% 15 MAY 2029
2019-10-21
2019-12-06
45000. US TREASURY N/B 2.375% 15 AUG 2024
2019-10-16
2019-12-06
55000. US TREASURY N/B 2.25% 15 NOV 2025
2019-10-17
2019-12-06
55000. US TREASURY N/B 2.125% 31 DEC 2022
2019-10-11
2019-12-06
55000. US TREASURY N/B 2.625% 15 AUG 2020
2017-03-30
2019-12-06
55000. US TREASURY N/B 2% 15 NOV 2026
2019-10-01
2019-12-06
45000. US TREASURY N/B 2.25% 15 FEB 2027
2019-09-19
2019-12-06
35000. US TREASURY N/B 2.25% 30 APR 2021
2017-06-13
2019-12-06
50000. US TREASURY N/B 2.25% 31 JUL 2021
2019-09-25
2019-12-06
20000. VERIZON COMMUNICATIONS 1.32088% 16 MAR
2019-09-23
2019-12-06
10000. WALMART INC 3.05% 08 JUL 2026
2019-10-29
2019-12-06
10000. WASTE MANAGEMENT INC 3.2% 15 JUN 2026
2019-12-06
20000. WELLS FARGO & COMPANY 3.196% 17 JUN 2027
2019-10-11
2019-12-06
277000. EUROPEAN INVESTMENT BANK 1.625% 16 MAR 2020
2019-03-01
2019-12-09
10398.219 DFA L/C INTERNATIONAL PORTF
2017-02-27
2019-12-17
82815.735 TIAA CREF HIGH YIELD-INST
2017-03-02
2019-12-17
198. VANGUARD RUSSELL 1000 GROWTH
2019-04-09
2019-12-17
377. VANGUARD S&P 500 ETF
2017-02-27
2019-12-17
1201. VANGUARD VALUE ETF
2017-02-27
2019-12-17
15000. AMERICAN EXPRESS CO 1.14088% 05 NOV 2021
2019-12-09
2019-12-18
10000. APPLE INC 1.7% 11 SEP 2022
2019-10-04
2019-12-18
15000. BANK OF AMERICA CORP 3.194% 23 JUL 2030
2019-10-11
2019-12-18
10000. CVS HEALTH CORP 3% 15 AUG 2026
2019-11-06
2019-12-18
10000. CAPITAL ONE NA 2.15% 06 SEP 2022
2019-12-18
10000. CITIGROUP INC 3.352% 24 APR 2025
2019-11-12
2019-12-18
10000. COMCAST CORP 2.65% 01 FEB 2030
2019-11-05
2019-12-18
5000. FEDERAL HOME LOAN BANK 1.625% 19 NOV 2021
2019-11-15
2019-12-18
10000. FEDERAL HOME LOAN BANK 1.625% 19 NOV 2021
2019-12-18
20000. FANNIE MAE 1.75% 02 JUL 2024
2019-09-30
2019-12-18
20000. FANNIE MAE 1.375% 06 SEP 2022
2019-12-18
15000. FANNIE MAE 1.625% 15 OCT 2024
2019-10-17
2019-12-18
10000. HOME DEPOT INC 2.95% 15 JUN 2029
2019-11-06
2019-12-18
12000. INTEL CORP 2.45% 15 NOV 2029
2019-11-18
2019-12-18
10000. IBM CORP 2.8% 13 MAY 2021
2019-10-24
2019-12-18
10000. JPMORGAN CHASE & CO 3.702% 06 MAY 2030
2019-04-29
2019-12-18
10000. MICROSOFT CORP 2% 08 AUG 2023
2019-06-14
2019-12-18
10000. MORGAN STANLEY 2.02763% 22 JUL 2022
2019-09-23
2019-12-18
10000. PEPSICO INC 2.625% 29 JUL 2029
2019-12-18
10000. PFIZER INC 2.95% 15 MAR 2024
2019-11-05
2019-12-18
10000. ROYAL BANK OF CANADA 1.15013% 30 APR
2018-04-24
2019-12-18
10000. SHELL INTERNATIONAL FIN 2% 07 NOV 2024
2019-10-05
2019-12-18
10000. US BANCORP 2.4% 30 JUL 2024
2019-10-28
2019-12-18
25000. US TREASURY N/B 2.25% 31 OCT 2024
2019-10-16
2019-12-18
25000. US TREASURY N/B 2.875% 15 MAY 2028
2019-10-01
2019-12-18
20000. US TREASURY N/B 2.5% 31 MAY 2020
2019-12-18
30000. US TREASURY N/B 2.375% 15 MAY 2029
2019-12-18
25000. US TREASURY N/B 2.375% 15 AUG 2024
2019-10-16
2019-12-18
25000. US TREASURY N/B 2.25% 15 NOV 2025
2019-10-17
2019-12-18
30000. US TREASURY N/B 2.125% 31 DEC 2022
2019-10-11
2019-12-18
30000. US TREASURY N/B 2.625% 15 AUG 2020
2019-09-24
2019-12-18
25000. US TREASURY N/B 2% 15 NOV 2026
2019-10-01
2019-12-18
25000. US TREASURY N/B 2.25% 15 FEB 2027
2019-09-19
2019-12-18
20000. US TREASURY N/B 2.25% 30 APR 2021
2017-06-13
2019-12-18
25000. US TREASURY N/B 2.25% 31 JUL 2021
2019-09-25
2019-12-18
10000. VERIZON COMMUNICATIONS 1.32088% 16 MAR
2019-09-23
2019-12-18
10000. WALMART INC 3.05% 08 JUL 2026
2019-10-29
2019-12-18
10000. WASTE MANAGEMENT INC 3.2% 15 JUN 2026
2019-12-18
12000. WELLS FARGO & COMPANY 3.196% 17 JUN 2027
2019-10-11
2019-12-18
(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
65,484
67,901
-2,417
b
15,096
14,999
97
c
20,014
19,957
57
d
10,913
10,939
-26
e
9,960
9,974
-14
10,985
10,976
9
17,046
16,960
86
11,168
10,885
283
10,996
10,995
1
11,736
11,940
-204
11,825
12,070
-245
11,008
11,168
-160
11,837
12,031
-194
10,781
10,781
11,848
11,604
244
9,941
10,130
-189
10,930
11,142
-212
307,207
341,170
-33,963
283,232
276,779
6,453
23,180
25,394
-2,214
139,365
145,000
-5,635
211,105
211,444
-339
184,816
186,579
-1,763
248,796
249,000
-204
557,000
557,000
390,242
389,162
1,080
339,759
339,451
308
275,107
280,630
-5,523
135,736
139,767
-4,031
254,487
254,569
-82
22,240
21,770
470
14,933
14,933
19,498
19,899
-401
19,691
20,112
-421
8,003
8,112
-109
19,724
20,049
-325
562,363
571,398
-9,035
21,544
21,544
229,302
229,302
260,659
256,233
4,426
21,683
21,293
390
6,952
7,086
-134
66,693
69,000
-2,307
564,723
551,418
13,305
96,619
96,458
161
118,532
116,662
1,870
14,816
14,978
-162
14,095
14,000
95
16,451
16,044
407
15,319
14,962
357
16,389
15,804
585
14,642
15,017
-375
12,126
11,999
127
21,318
20,998
320
163,753
161,992
1,761
73,541
76,000
-2,459
10,427
9,895
532
16,987
16,766
221
10,014
10,119
-105
118,282
113,886
4,396
176,998
181,000
-4,002
112,259
82,004
30,255
58,376
60,026
-1,650
54,717
48,506
6,211
48,582
47,494
1,088
401,527
293,970
107,557
75,167
66,453
8,714
193,936
195,714
-1,778
138,741
140,194
-1,453
35,061
33,924
1,137
228,246
227,721
525
170,502
172,000
-1,498
158,871
156,633
2,238
103,881
101,772
2,109
100,996
93,260
7,736
64,704
73,217
-8,513
70,019
78,484
-8,465
85,881
85,917
-36
132,183
126,677
5,506
107,519
100,751
6,768
1,000,000
1,000,000
286,723
279,969
6,754
245,145
238,610
6,535
134,588
125,555
9,033
221,461
214,239
7,222
97,940
93,409
4,531
134,108
132,072
2,036
145,869
137,000
8,869
126,866
119,000
7,866
184,184
181,600
2,584
127,217
126,877
340
129,299
120,504
8,795
64,741
59,705
5,036
193,029
183,906
9,123
141,168
134,781
6,387
246,068
108
245,960
2
2
137,271
137,018
253
120,238
119,483
755
580,000
580,000
190,805
186,562
4,243
131,283
117,419
13,864
293,136
285,980
7,156
2,021,429
2,051,059
-29,630
1,067,623
1,080,723
-13,100
129,452
121,690
7,762
129,587
126,000
3,587
86,675
86,214
461
75,434
75,288
146
675,000
675,000
113,928
106,222
7,706
39,767
39,914
-147
291,959
291,354
605
227,059
226,302
757
207,774
207,763
11
20,271
20,271
150,934
140,000
10,934
102,749
97,706
5,043
104,089
101,838
2,251
302,536
274,107
28,429
387,219
414,008
-26,789
401,807
412,847
-11,040
210,546
182,227
28,319
776,322
589,827
186,495
151,778
125,825
25,953
85,928
87,138
-1,210
9,920
10,787
-867
108,881
108,255
626
2,119,029
2,037,605
81,424
68,001
65,898
2,103
237,422
242,318
-4,896
437,213
433,655
3,558
25,141
25,011
130
14,965
15,052
-87
20,667
20,529
138
10,235
10,144
91
19,959
20,062
-103
10,370
10,334
36
10,069
10,022
47
24,979
24,935
44
29,984
29,994
-10
35,054
35,216
-162
9,918
9,965
-47
24,794
24,913
-119
24,900
24,957
-57
10,438
10,418
20
25,015
24,967
48
10,123
10,126
-3
10,759
10,000
759
15,088
14,901
187
15,142
15,097
45
10,230
10,245
-15
15,579
15,583
-4
20,062
20,061
1
5,016
5,000
16
19,904
19,943
-39
20,267
20,231
36
46,199
46,376
-177
48,735
49,050
-315
35,150
34,974
176
57,537
57,758
-221
46,399
46,577
-178
56,575
56,863
-288
55,799
55,933
-134
55,367
55,425
-58
55,816
56,134
-318
46,447
46,542
-95
35,273
35,279
-6
50,463
50,443
20
20,319
20,292
27
10,538
10,572
-34
10,518
10,509
9
20,732
20,633
99
276,942
276,284
658
245,294
213,579
31,715
816,563
819,876
-3,313
35,255
31,406
3,849
110,718
82,053
28,665
143,970
116,512
27,458
15,082
15,100
-18
9,975
10,034
-59
15,516
15,396
120
10,194
10,144
50
9,990
10,027
-37
10,369
10,332
37
10,030
10,022
8
4,995
4,999
-4
9,990
9,997
-7
19,968
20,123
-155
19,828
19,936
-108
14,891
14,974
-83
10,405
10,397
8
11,979
11,984
-5
10,123
10,125
-2
10,757
10,000
757
10,042
9,934
108
10,095
10,064
31
10,184
10,116
68
10,361
10,386
-25
10,031
10,000
31
9,945
9,984
-39
10,115
10,115
25,586
25,760
-174
26,907
27,243
-336
20,080
20,047
33
31,181
31,369
-188
25,698
25,872
-174
25,615
25,843
-228
30,400
30,505
-105
30,195
30,148
47
25,244
25,513
-269
25,667
25,853
-186
20,158
20,156
2
25,231
25,218
13
10,163
10,144
19
10,517
10,569
-52
10,458
10,340
118
12,426
12,378
48
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
-2,417
b
97
c
57
d
-26
e
-14
9
86
283
1
-204
-245
-160
-194
244
-189
-212
-33,963
6,453
-2,214
-5,635
-339
-1,763
-204
1,080
308
-5,523
-4,031
-82
470
-401
-421
-109
-325
-9,035
4,426
390
-134
-2,307
13,305
161
1,870
-162
95
407
357
585
-375
127
320
1,761
-2,459
532
221
-105
4,396
-4,002
30,255
-1,650
6,211
1,088
107,557
8,714
-1,778
-1,453
1,137
525
-1,498
2,238
2,109
7,736
-8,513
-8,465
-36
5,506
6,768
6,754
6,535
9,033
7,222
4,531
2,036
8,869
7,866
2,584
340
8,795
5,036
9,123
6,387
245,960
253
755
4,243
13,864
7,156
-29,630
-13,100
7,762
3,587
461
146
7,706
-147
605
757
11
10,934
5,043
2,251
28,429
-26,789
-11,040
28,319
186,495
25,953
-1,210
-867
626
81,424
2,103
-4,896
3,558
130
-87
138
91
-103
36
47
44
-10
-162
-47
-119
-57
20
48
-3
759
187
45
-15
-4
1
16
-39
36
-177
-315
176
-221
-178
-288
-134
-58
-318
-95
-6
20
27
-34
9
99
658
31,715
-3,313
3,849
28,665
27,458
-18
-59
120
50
-37
37
8
-4
-7
-155
-108
-83
8
-5
-2
757
108
31
68
-25
31
-39
-174
-336
33
-188
-174
-228
-105
47
-269
-186
2
13
19
-52
118
48
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
864,973
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
1,403,335
30,202,971
0.046463
2017
10,788,016
36,001,826
0.299652
2016
4,995,547
20,052,590
0.249122
2015
0
1,222,500
0.0
2014
2
Total
of line 1, column (d)
.....................
2
0.595237
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
0.148809
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
28,508,617
5
Multiply line 4 by line 3
......................
5
4,242,339
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
15,787
7
Add lines 5 and 6
........................
7
4,258,126
8
Enter qualifying distributions from Part XII, line 4
,.............
8
7,633,336
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
15,787
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
15,787
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
15,787
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
30,000
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
5,000
d
Backup withholding erroneously withheld
...........
6d
7
Total credits and payments. Add lines 6a through 6d
..............
7
35,000
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
19,213
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
19,213
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.
$
(2)
On foundation managers.
$
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
........
4a
No
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
DE
,
MD
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
Yes
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
14
The books are in care of
BRUCE LEVENSON
Telephone no.
(301) 287-2235
Located at
11529 TWINING LANE
POTOMAC
MD
ZIP+4
20854
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
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
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
BRUCE D LEVENSON
DIRECTOR, PRESIDENT
0
0
11529 TWINING LANE
POTOMAC
,
MD
20854
KAREN L LEVENSON
DIRECTOR, SECRETARY
0
0
11529 TWINING LANE
POTOMAC
,
MD
20854
SCOTT LEVENSON
DIRECTOR, VP, TREASURER
0
0
530 WEST END AVENUE APT 3A
NEW YORK
,
NY
10024
BRIAN LEVENSON
DIRECTOR, VP
0
0
4835 CORDELL AVENUE APT 816
BETHESDA
,
MD
20814
MICHAEL LEVENSON
DIRECTOR, VP
0
0
50 WEST 72ND STREET APT 402
NEW YORK
,
NY
10023
TAMARA LEVENSON
DIRECTOR
0
0
530 WEST END AVENUE APT 3A
NEW YORK
,
NY
10024
ROBIN LEVENSON
DIRECTOR
0
0
4835 CORDELL AVENUE APT 816
BETHESDA
,
MD
20814
SAMANTHA PEVAROFFF BERSCHLER
DIRECTOR
0
0
50 WEST 72ND STREET APT 402
NEW YORK
,
NY
10023
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
NONE
Total
number of others receiving over $50,000 for professional services
.............
0
Part IX-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
Expenses
1
2
3
4
Part IX-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
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
27,293,990
b
Average of monthly cash balances
.......................
1b
1,648,768
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
28,942,758
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
28,942,758
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
434,141
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
28,508,617
6
Minimum investment return.
Enter 5% of line 5
..................
6
1,425,431
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
1,425,431
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
15,787
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
15,787
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
1,409,644
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
1,409,644
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
1,409,644
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
7,633,336
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
0
b
Cash distribution test (attach the required schedule)
.................
3b
0
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
7,633,336
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
15,787
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
7,617,549
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
1,409,644
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
......
0
b
From 2015
......
0
c
From 2016
......
3,896,887
d
From 2017
......
9,231,893
e
From 2018
......
0
f
Total
of lines 3a through e
........
13,128,780
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
7,633,336
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
.....
1,409,644
e
Remaining amount distributed out of corpus
6,223,692
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
19,352,472
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
......
19,352,472
10
Analysis of line 9:
a
Excess from 2015
....
0
b
Excess from 2016
....
3,896,887
c
Excess from 2017
....
9,231,893
d
Excess from 2018
....
0
e
Excess from 2019
....
6,223,692
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 email address of the person to whom applications should be addressed:
b
The form in which applications should be submitted and information and materials they should include:
c
Any submission deadlines:
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form
990-PF
(2019)
Form 990-PF (2019)
Page
11
Part XV
Supplementary Information
(continued)
3
Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
UNIVERSITY OF MARYLAND COLLEGE
PARK FOUNDATION INC
4603 CALVERT RD
COLLEGE PARK
,
MD
20740
501(C)(3)
GENERAL FUND
7,633,336
Total
.................................
3a
7,633,336
b
Approved for future payment
Total
.................................
3b
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
6,016
4
Dividends and interest from securities
....
14
818,410
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
.....
8
Gain or (loss) from sales of assets other than
inventory
............
18
864,973
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)
..
1,689,399
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
1,689,399
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form
990-PF
(2019)
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