Nimick Forbesway Foundation C/O Charles Lh Nimick — Form 990PF, tax year 2019
View Nimick Forbesway Foundation C/O Charles Lh Nimick on 990iQ →
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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
07-01-2019
, and ending
06-30-2020
Name of foundation
NIMICK FORBESWAY FOUNDATION
C/O CHARLES LH NIMICK
Number and street (or P.O. box number if mail is not delivered to street address)
501 GRANT STREET NO 200
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH
,
PA
15219
A Employer identification number
25-1597437
B
Telephone number (see instructions)
(412) 562-1843
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)
$
25,688,443
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
113,952
113,952
4
Dividends and interest from securities
...
445,175
445,175
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
244,675
b
Gross sales price for all assets on line 6a
12,287,547
7
Capital gain net income (from Part IV, line 2)
...
244,675
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)
.......
12
Total.
Add lines 1 through 11
........
803,802
803,802
13
Compensation of officers, directors, trustees, etc.
104,805
13,471
91,334
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
b
Accounting fees (attach schedule)
.......
c
Other professional fees (attach schedule)
....
136,034
104,739
31,295
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
10,222
0
0
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
6,291
0
6,291
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
6,736
0
6,736
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
264,088
118,210
135,656
25
Contributions, gifts, grants paid
.......
1,005,500
1,005,500
26
Total expenses and disbursements.
Add lines 24 and 25
1,269,588
118,210
1,141,156
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-465,786
b
Net investment income
(if negative, enter -0-)
685,592
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
.............
984,472
1,345,354
1,345,354
2
Savings and temporary cash investments
.........
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)
782,797
718,406
834,601
b
Investments—corporate stock (attach schedule)
.......
18,731,706
17,971,264
23,508,488
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)
..........
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)
20,498,975
20,035,024
25,688,443
17
Accounts payable and accrued expenses
..........
979
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)
.........
979
0
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
14,554,273
14,554,273
27
Paid-in or capital surplus, or land, bldg., and equipment fund
0
0
28
Retained earnings, accumulated income, endowment, or other funds
5,943,723
5,480,751
29
Total net assets or fund balances
(see instructions)
.....
20,497,996
20,035,024
30
Total liabilities and net assets/fund balances
(see instructions)
.
20,498,975
20,035,024
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
20,497,996
2
Enter amount from Part I, line 27a
.....................
2
-465,786
3
Other increases not included in line 2 (itemize)
3
2,814
4
Add lines 1, 2, and 3
..........................
4
20,035,024
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
20,035,024
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
FRAC. SHR.FIDELITY NATIONAL INFORMATION
P
2016-08-19
2019-08-08
b
29,966.15 SHS ASG GLOBAL ALTERNATIVES FUND
P
2013-07-25
2019-09-23
c
100K SHS ORACLE CORP
P
2017-02-27
2019-10-08
d
200K US TREAS BILLS DUE 10/29/19
P
2019-03-08
2019-10-29
e
15K GOLDMAN SACHS GROUP 2.3%
P
2018-03-05
2019-11-01
46 DISH NETWORK STK RIGHTS
P
2019-11-27
2019-12-13
100K JPMORGAN CHASE & CO 2.25%
P
2017-02-27
2019-12-23
549 SHS UNITED RENTALS INC
P
2018-09-13
2019-12-03
1,327 SHS E*TRADE FINANCIAL CORP
P
2018-10-10
2020-02-19
500 SHS MASTERCARD INC.
P
2010-03-02
2020-02-28
500 SHS MASTERCARD INC.
P
2010-03-02
2020-02-28
500 SHS OCCIDENTIAL PETROLEUM CORP
P
2019-02-05
2020-03-12
350K US TREAS NOTE 2.25%
P
2019-03-08
2020-03-31
22,009.55 SHS DIAMOND HILL LONG-SHORT FUND
P
2012-11-26
2020-04-17
2,597 SHS ISHARES SELECT DIVIDEND ETF
P
2007-01-26
2020-04-17
33,369.21 SHS BRANDYWINE GLOBAL ALTERNATIVE
P
2016-03-21
2020-04-17
548 SHS MARRIOTT INTERNATIONAL
P
2018-09-13
2020-04-17
FRAC SHR RAYTHEON TECHNOLOGIES CORP
P
2017-12-21
2020-04-30
75 SHS GENERAL DYNAMICS
P
2018-10-10
2020-05-11
3,328 SHS ISHARE SELECT DIVIDENDS
P
2007-01-26
2020-05-22
849 SHS DISH NETWORK
P
2018-09-13
2020-05-28
31,963.47 SHS VIVALDI MERGER ARBITRAGE
P
2019-09-23
2020-06-23
3,615 SHS ISHARES MSCI EAFE ETF
P
2018-10-12
2020-05-28
931 SHS WORLDPAY INC.
P
2016-08-19
2019-08-01
1,085 SHS E*TRADE FINANCIAL CORP
P
2019-06-20
2020-02-19
933 SHS OCCIDENTIAL PETROLEUM CORP
P
2019-06-20
2020-03-12
70 SHS EQUINIX
P
2018-10-23
2019-07-01
1,000 SHS PACCAR INC.
P
2017-08-08
2019-07-05
166 SHS DUPONT DE NEMOURS INC.
P
2019-07-09
2019-07-11
400 SHS DUPONT DE NEMOURS INC.
P
2019-07-09
2019-07-11
1,000 SHS EMERSON ELECTRIC
P
2017-04-12
2019-07-12
1,000 SHS NEWMONT GOLDCORP
P
2017-01-26
2019-07-23
30 SHS CHARTER COMMUNICATIONS
P
2017-11-22
2019-07-24
100 SHS TEXAS INSTRUMENTS
P
2018-10-26
2019-07-25
5,236 SHS BNY MELLON GLOBAL RETURN
P
2016-03-07
2019-08-07
166 SHS CORTEVA INC
P
2019-02-15
2019-08-05
400 SHS CORTEVA INC
P
2016-06-27
2019-08-05
1,600 SHS CAPRI HOLDINGS LTD
P
2019-02-14
2019-08-07
60 SHS CHARTER COMMUNICATIONS
P
2017-11-27
2019-08-08
5,800 SHS ISHARES GOLD TRUST
P
2015-03-30
2019-08-09
1,500 SHS KRAFT HEINZ CO.
P
2019-07-01
2019-08-09
80 SHS AMGEN INC
P
2019-05-09
2019-08-14
320 SHS ABBOTT LOBORATORIES
P
2016-12-20
2019-08-26
560 SHS MERCK & CO
P
2018-03-22
2019-08-28
100 SHS CELEGENE CORP
P
2018-02-08
2019-08-28
300 SHS CELEGENE CORP
P
2018-05-14
2019-08-28
200 SHS CELEGNE CORP
P
2018-11-21
2019-08-28
5,000 SHS BNY MELLON S/T US
P
2016-07-15
2019-09-04
6,000 SHS BNY MELLON INFLTN ADJ
P
2016-08-31
2019-09-04
5,000 SHS BNY MELLON GLOBAL RETURN
P
2016-11-22
2019-09-04
900 SHS NEWMONT GOLDCORP
P
2017-02-28
2019-09-05
40 SHS CHARTER COMMUNICATIONS
P
2018-04-27
2019-09-09
3,257 SHS BNY MELLON GLOBAL RETURN
P
2016-11-22
2019-09-12
1,200 SHS NOBLE ENERGY INC
P
2019-07-02
2019-09-10
500 SHS COMCAST CORP
P
2018-03-23
2019-09-10
50 SHS HONEYWELL INTL. CO
P
2019-01-17
2019-09-10
60 SHS RAYTHEON CO.
P
2019-06-13
2019-09-10
100 SHS UNITED TECHNOLOGIES CORP
P
2018-07-05
2019-09-10
500 SHS PVH CORP
P
2019-06-19
2019-09-10
200 SHS 3M CO
P
2019-05-29
2019-09-10
20 SHS ALPHABET ONE CL C
P
2019-03-26
2019-09-27
FRAC SHR SPECTRUM BRANDS INC.
P
2019-10-11
2019-10-22
300 SHS MARATHON PETROLEUM CORP
P
2019-06-19
2019-10-03
300 SHS T-MOBIL
P
2019-08-09
2019-10-22
100 SHS SPECTRUM BRANDS
P
2019-10-11
2019-10-18
100 SHS LIBERTY BROADBAND
P
2019-08-05
2019-10-22
10 SHS ALPHABET ONE CL A
P
2019-05-09
2019-10-22
1,000 SHS CENTENE CORP
P
2019-08-26
2019-10-24
500 SHS GCI LIBERTY INC CL A
P
2019-08-05
2019-10-28
400 SHS LIBERTY BROADBAND
P
2019-08-05
2019-10-30
800 SHS HELMERICH & PAYNE INC
P
2019-06-18
2019-11-04
1,500 SHS SCHLUMBERGER LTD
P
2019-05-09
2019-11-13
130 SHS ROCKWELL AUTOMATION INC
P
2019-08-15
2019-11-14
150 SHS PARKER HANNIFIN CORP
P
2019-07-02
2019-11-12
1,580 SHS UNITED TECHNOLOGIES CORP
P
2017-09-06
2019-11-12
60 SHS RAYTHEON CO.
P
2019-06-13
2019-11-12
1,300 AMC NETWORKS INC
P
2019-06-27
2019-11-12
300 SHS AMERISOURCEBERGEN CORP
P
2019-06-19
2019-11-21
17,123 SHS BNY MELLON S/T US
P
2016-07-15
2019-11-21
1,000 SHS INVESCO SENIOR LOAN
P
2019-07-01
2019-11-21
19,347 SHS BNY MELLON S/T US GOV
P
2016-08-23
2019-12-12
2,000 SHS SHIMANO INC
P
2018-12-06
2019-12-10
2,000 SHS INDITEX-UNSPON ADR
P
2018-12-06
2019-12-12
1,000 SHS JEFFRIES FINANCIAL GROUP
P
2018-04-04
2019-12-20
800 SHS TCF FINANCIAL CORP
P
2019-06-13
2019-12-18
APPLE INC
P
2019-08-05
2020-01-07
120 SHS APPLE INC
P
2019-08-05
2020-01-13
80 SHS APPLE INC
P
2009-11-09
2020-01-29
400 SHS INTEL CORP
P
2019-01-25
2020-01-28
200 SHS INTEL CORP
P
2019-01-25
2020-01-28
300 SHS AMERISOURCEBERGEN CORP
P
2019-09-27
2020-01-14
300 SHS S S & C TECHNOLOGIES
P
2018-10-19
2020-02-23
800 SHS P D C ENERGY INC
P
2019-07-02
2020-01-27
100 SHS FACEBOOK INC A
P
2018-11-23
2020-01-29
800 SHS MGM RESORTS
P
2018-04-27
2020-01-07
300 SHS AMERISOURCEBERGEN CORP
P
2019-07-02
2020-01-07
170 SHS ROCKWELL AUTOMATION INC
P
2019-08-15
2020-01-07
150 SHS HONEYWELL INTL. INC
P
2019-01-07
2020-01-07
700 SHS S S & C TECHNOLOGIES
P
2019-10-18
2020-02-05
700 SHS DISH NETWORK
P
2019-12-23
2020-02-05
1,500 SHS MGM RESORTS
P
2018-04-27
2020-02-07
400 SHS T-MOBILE US INC
P
2017-11-02
2020-02-12
10 SHS ALPHABET INC
P
2019-05-09
2020-02-12
250 SHS FEDEX CORP
P
2019-02-15
2020-02-12
3,000 SHS JEFFRIES FINANCIAL GROUP
P
2018-04-14
2020-02-13
250 SHS PARKER HANNIFIN CORP
P
2019-06-17
2020-03-02
500 SHS BRISTOL-MYERS SQUIBB
P
2019-05-17
2020-03-02
800 SHS NEWMONT CORP
P
2019-04-23
2020-03-03
500 SHS MARATHON PETROLEUM
P
2019-06-19
2020-03-03
6,000 SHS ISHARES GOLD TRUST
P
2015-07-08
2020-03-03
6,873 SHS BNY MELLON M/C MULTI STRATEGY
P
2018-03-27
2020-03-10
4,398 SHS BNY MELLON INTERNATIONAL
P
2018-04-02
2020-03-10
2,707 SHS BNY MELLON SEL MGR.
P
2018-06-27
2020-03-10
2,659.6 SHS BNY MELLON INTL STK-Y
P
2019-02-27
2020-03-10
12,000 SHS BNY MELLON INFIN ADJ SEC
P
2016-08-26
2020-03-10
1,000 SHS PACWEST BANCORP
P
2019-02-25
2020-03-10
300 SHS NEWMONT CORP
P
2019-04-23
2020-03-10
700 SHS CITIGROUP INC
P
2018-12-13
2020-03-10
200 SHS MONDELEZ INTERNATIONAL
P
2017-03-08
2020-03-10
700 SHS TCF FINANCIAL
P
2019-06-13
2020-03-10
2,000 SHS HALLIBURTON CO
P
2019-10-01
2020-03-10
1,500 SHS FOX CORP
P
2019-11-06
2020-03-10
3,000 SHS FORD MOTOR CO
P
2019-04-24
2020-03-10
400 SHS EXPEDIA GROUP
P
2019-12-10
2020-03-10
3,000 SHS GENERAL MOTORS CO
P
2017-04-30
2020-03-10
1,750 SHS COMCAST CORP
P
2018-03-23
2020-03-10
3,000 SHS GENERAL ELECTRIC
P
2019-03-12
2020-03-10
3,000 SHS AGNC INVT CORP
P
2019-08-06
2020-03-10
200 SHS TEXAS INSTRUMENTS
P
2018-10-26
2020-03-10
180 SHS RAYTHEON CO
P
2019-06-13
2020-03-10
250 SHS WALMART
P
2018-03-02
2020-03-10
200 SHS PROCTER & GAMBLE CO
P
2016-02-24
2020-03-10
300 SHS ISHARES S&P MID-CAP 400
P
2019-10-08
2020-03-10
10,000 SHS EQT CORP
P
2020-01-23
2020-03-11
8,889 SHS BNY MELLON S/T US GOV
P
2018-01-17
2020-03-16
1,200 SHS ROYAL DUTCH SHELL PLC
P
2019-04-25
2020-03-16
1,500 SHS DISCOVER FINANCIAL SERVICES
P
2017-10-24
2020-03-16
80 SHS PROCTER & GAMBLE CO
P
2016-05-19
2020-03-16
100 SHS WALMART
P
2019-05-04
2020-03-16
2,500 SHS INVESCO SENIOR LOAN ETF
P
2019-07-01
2020-03-17
500 SHS WALMART
P
2009-05-04
2020-03-17
13,291 SHS BNY MELLON GLOBAL REAL RETURN
P
2016-01-06
2020-03-19
3,000 SHS BNY MELLON INTL. STK
P
2016-05-04
2020-03-19
14,864 SHS BNY MELLON INTL. EQUITY
P
2016-11-02
2020-03-19
300 SHS MONDELEZ INTL
P
2017-03-18
2020-03-19
400 SHS ABBOTT LABS
P
2016-12-20
2020-03-19
80 SHS AMGEN
P
2019-05-09
2020-03-19
320 SHS PROCTER & GAMBLE CO.
P
2016-05-19
2020-03-19
1,000 SHS BRISTOL-MYERS SQUIBB
P
2019-04-05
2020-03-19
5,200 SHS BNY MELLON INFLTN ADJ.
P
2016-08-26
2020-03-23
10,000 SHS BNY MELLON INFLTN ADJ.
P
2016-10-15
2020-03-24
7,000 SHS RANGE RESOURCES
P
2018-12-24
2020-03-25
3,000 SHS PARK HOTELS & RESORTS
P
2020-01-21
2020-03-25
4,000 SHS EAST WEST BANCORP INC
P
2019-06-18
2020-03-25
1,000 SHS ISHARES MSCI EAFE SMALL CAP ETF
P
2019-06-27
2020-03-26
2,400 SHS AMERICAN AIRLINES CO
P
2019-11-19
2020-03-26
500 SHS CHEVRON CORP
P
2020-03-16
2020-03-31
800 SHS CENTENE CORP
P
2020-03-10
2020-03-31
2,500 SHS INTERNATIONAL PAPER CO
P
2019-08-13
2020-04-02
4,000 SHS KINDER MORGAN INC
P
2017-11-13
2020-04-03
100 SHS LOCKHEAD MARTIN CORP
P
2020-03-10
2020-04-06
2,000 SHS MARVELL TECH
P
2019-01-07
2020-04-06
1,000 SHS WESTERN DIGITAL CORP
P
2020-03-10
2020-04-06
500 SHS LUMENTUM HOLDINGS
P
2020-03-16
2020-04-07
1,500 SHS EQT CORP
P
2020-04-02
2020-04-07
600 SHS RALPH LAUREN CORP
P
2020-04-02
2020-04-08
4,000 SHS EQT CORP
P
2020-03-26
2020-04-08
400 SHS NEWMONT CORP
P
2020-03-16
2020-04-13
400 SHS NEWMONT CORP
P
2019-04-23
2020-04-13
1,000 SHS WILLIAMS CO'S
P
2020-03-26
2020-04-14
2,500 SHS INVESCO SENIOR LOAN ETF
P
2019-11-05
2020-04-14
7,497 SHS BNY MELLON DIV EMERGING MKTS
P
2019-01-02
2020-04-21
1,000 SHS TRUIST FINANCIAL CORP
P
2020-03-18
2020-04-20
1,000 SHS PIONEER NATURAL RESOURCES
P
2020-03-03
2020-04-22
500 SHS CARMAX INC
P
2020-04-15
2020-04-27
2,000 SHS WILLIAMS CO'S
P
1969-03-26
2020-04-28
100,000 SHS US TREASURY 2.375%
P
2019-06-26
2020-04-30
1,600 SHS AMERICAN AIRLINES
P
2020-03-10
2020-05-05
500 SHS PAYPAL HOLDINGS
P
2019-09-18
2020-05-07
800 SHS T-MOBILE US INC
P
2017-11-02
2020-05-19
210 SHS FACEBOOK INC A
P
2020-03-10
2020-05-21
350 SHS FEDEX CORP
P
2019-02-15
2020-05-21
200 SHS FEDEX CORP
P
2019-03-08
2020-05-22
3,000 SHS BNY MELLON GLOBAL EMERGING MKT.
P
2018-02-05
2020-05-27
4,200 SHS VIRTUS EMERGING MKTS
P
2019-01-02
2020-05-27
5,000 SHS MGM RESORTS INTL
P
2018-10-08
2020-05-26
2,000 SHS VIACOMBS INC
P
2019-02-19
2020-05-26
1,000 SHS SPDR S&P DIVIDENT ETF
P
2020-04-21
2020-05-27
1,000 SHS DELTA AIRLINES INC
P
2020-01-07
2020-05-27
200 SHS AIR PRODS & CHEMICAL INC
P
2020-03-31
2020-05-27
300 SHS FEDEX CORP
P
2019-09-18
2020-05-28
3,185 SHS BNY MELLON OPPORT SM CAP
P
2018-02-05
2020-06-05
1,500 SHS DELTA AIRLINES
P
2020-01-28
2020-06-04
90 SHS FACEBOOK INC A
P
2020-03-16
2020-06-05
250 SHS PAYPAL HOLDINGS INC
P
2019-09-25
2020-06-05
1,500 SHS SPDR S&P DIVIDEND ETF
P
2020-03-17
2020-06-05
10 SHS ALPHABET INC
P
2018-10-26
2020-06-05
400 SHS FEDEX CORP
P
2020-03-10
2020-06-05
10 SHS ALPHABET INC
P
2018-09-13
2020-06-05
1,500 SHS BNY MELLON OPPORT SM CAP
P
2019-05-20
2020-06-09
18,037 SHS BNY MELLON INTL
P
2018-04-02
2020-06-09
1,800 CORNING INC
P
2018-11-21
2020-06-10
100 SHS PAYPAL HOLDINGS INC
P
2019-09-27
2020-06-10
250 SHS ABBVIE INC
P
2020-03-02
2020-06-10
400 SHS INTEL CORP
P
2019-01-25
2020-06-10
30 SHS APPLE INC
P
2009-11-09
2020-06-10
150 SHS ELECTRONIC ARTS INC
P
2018-10-26
2020-06-11
2,500 SHS BNY MELLON OPPORT SM CAP
P
2019-06-25
2020-06-15
1,000 SHS REALTY INCOME CORP
P
2020-05-21
2020-06-15
300 SHS AMERISOURCEBERGEN CORP
P
2019-09-27
2020-06-16
2,400 SHS BNY MELLON INTL STK
P
2016-05-04
2020-06-22
3,000 SHS BNY MELLON GLOBAL EMERGING MKT.
P
2016-12-22
2020-06-22
150 SHS PAYPAL HOLDINGS INC
P
2019-09-27
2020-06-23
1,000 SHS SPDR S&P DIVIDENT ETF
P
2020-03-17
2020-06-25
600 SHS LUMENTUM HLDGS
P
2020-08-18
2020-06-30
400 SHS LUMENTUM HLDGS
P
2020-06-24
2020-06-30
600 SHS MARATHON PETROLEUM
P
2020-06-04
2020-06-30
ISHARES COMEX GOLD TR
P
2019-07-31
2019-12-31
CLASS ACTION PROCEEDS
P
2020-06-30
2020-06-30
CAPITAL GAINS DIVIDENDS
P
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
84
36
48
b
337,119
350,000
-12,881
c
100,000
101,495
-1,495
d
199,626
199,626
0
e
150,000
148,866
1,134
10
10
100,000
100,750
-750
80,663
86,339
-5,676
59,386
65,987
-6,601
138,092
11,502
126,590
138,203
11,502
126,701
5,418
33,625
-28,207
350,000
348,975
1,025
481,789
437,788
44,001
206,339
188,120
18,219
294,650
309,936
-15,286
45,782
70,555
-24,773
33
40
-7
75,000
74,830
170
259,386
234,358
25,028
26,560
31,050
-4,490
332,740
350,000
-17,260
217,093
229,007
-11,914
10,241
10,241
48,556
49,975
-1,419
10,761
50,891
-40,130
34,806
25,178
9,628
71,041
66,328
4,713
11,725
13,266
-1,541
28,252
29,229
-977
64,669
59,140
5,529
39,231
34,214
5,017
12,236
9,790
2,446
12,819
9,087
3,732
80,000
74,644
5,356
5,003
4,812
191
12,056
10,604
1,452
49,989
66,004
-16,015
23,022
18,135
4,887
83,431
68,855
14,576
41,399
45,771
-4,372
16,610
13,800
2,810
26,422
12,221
14,201
47,789
30,614
17,175
9,712
9,310
402
29,135
25,542
3,593
19,424
13,600
5,824
58,550
59,150
-600
76,380
76,500
-120
77,600
71,150
6,450
36,433
30,610
5,823
16,920
10,486
6,434
50,000
46,352
3,648
29,185
26,229
2,956
23,091
16,654
6,437
8,439
6,781
1,658
11,549
10,517
1,032
13,359
12,495
864
45,096
44,125
971
33,585
32,284
1,301
24,918
23,556
1,362
12
12
0
18,141
14,957
3,184
24,571
23,363
1,208
4,841
4,894
-53
11,051
9,547
1,504
12,520
11,684
836
49,129
45,130
3,999
34,824
28,681
6,143
46,598
38,191
8,407
32,767
39,652
-6,885
53,631
56,243
-2,612
26,073
19,753
6,320
29,729
25,124
4,605
22,319
17,986
4,333
13,030
10,517
2,513
51,232
69,460
-18,228
26,317
25,894
423
200,000
202,401
-2,401
22,400
22,741
-341
225,000
224,970
30
32,543
28,236
4,307
31,723
30,656
1,067
21,502
22,299
-797
36,729
31,395
5,334
23,953
15,483
8,470
37,658
23,225
14,433
26,147
2,284
23,863
26,923
18,653
8,270
13,448
9,327
4,121
26,476
24,221
2,255
19,495
15,170
4,325
16,297
27,622
-11,325
22,273
14,205
8,068
26,249
25,054
1,195
25,428
25,574
-146
34,715
25,831
8,884
26,641
20,344
6,297
45,337
35,398
9,939
26,238
25,160
1,078
47,363
43,843
3,520
38,364
27,334
11,030
15,179
11,684
3,495
39,654
44,681
-5,027
70,173
61,612
8,561
46,976
40,549
6,427
29,950
23,445
6,505
39,291
27,995
11,296
22,918
24,929
-2,011
93,727
66,389
27,338
110,168
122,000
-11,832
50,000
59,719
-9,719
50,000
64,567
-14,567
50,000
46,457
3,543
153,360
152,970
390
28,389
40,947
-12,558
14,376
9,699
4,677
38,234
38,983
-749
10,760
8,650
2,110
20,652
27,470
-6,818
17,103
37,256
-20,153
43,402
49,753
-6,351
18,375
28,650
-10,275
34,087
44,569
-10,482
79,053
102,770
-23,717
67,330
57,033
10,297
25,835
29,249
-3,414
45,814
47,905
-2,091
22,135
18,174
3,961
30,596
31,552
-956
29,650
23,426
6,224
23,774
16,182
7,592
39,706
46,147
-6,441
70,234
64,005
6,229
104,984
103,029
1,955
30,269
78,036
-47,767
63,629
96,089
-32,460
9,143
6,413
2,730
10,978
5,108
5,870
48,760
56,730
-7,970
58,589
25,539
33,050
175,846
187,412
-11,566
48,990
44,778
4,212
219,245
272,205
-52,960
13,107
12,975
132
29,943
15,276
14,667
16,160
13,800
2,360
35,996
25,651
10,345
49,199
46,870
2,329
65,624
65,224
400
127,800
123,944
3,856
18,123
67,156
-49,033
26,999
62,785
-35,786
116,899
161,150
-44,251
43,469
57,020
-13,551
38,567
59,892
-21,325
35,750
39,003
-3,253
47,089
47,531
-442
75,068
104,545
-29,477
53,533
65,979
-12,446
36,644
35,999
645
46,245
49,397
-3,152
42,479
48,757
-6,278
38,269
32,753
5,516
14,846
11,052
3,794
45,516
38,159
7,357
43,123
27,778
15,345
23,097
15,266
7,831
23,542
14,085
9,457
17,089
14,137
2,952
52,977
56,388
-3,411
144,100
155,000
-10,900
34,193
29,313
4,880
80,351
94,827
-14,476
37,456
30,825
6,631
37,483
28,274
9,209
100,000
100,289
-289
15,169
26,925
-11,756
72,096
52,362
19,734
78,807
45,989
32,818
48,837
35,785
13,052
40,495
61,134
-20,639
23,440
33,767
-10,327
48,480
53,198
-4,718
40,362
42,000
-1,638
89,337
115,731
-26,394
40,427
92,860
-52,433
91,561
83,215
8,346
26,041
57,899
-31,858
46,912
39,801
7,111
39,758
41,695
-1,937
80,772
101,758
-20,986
48,286
61,778
-13,492
20,680
13,924
6,756
38,698
25,827
12,871
149,283
120,485
28,798
14,351
11,220
3,131
57,767
47,424
10,343
14,334
11,671
2,663
38,100
38,985
-885
222,574
225,281
-2,707
50,202
55,832
-5,630
16,015
10,214
5,801
24,310
21,783
2,527
25,545
18,120
7,425
10,584
857
9,727
18,868
14,414
4,454
60,550
63,812
-3,262
62,010
51,645
10,365
29,639
25,342
4,297
50,448
34,488
15,960
53,250
45,371
7,879
25,734
15,226
10,508
88,850
79,352
9,498
48,625
42,654
5,971
32,417
29,401
3,016
22,183
22,991
-808
334
334
256
256
67,996
67,996
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
48
b
-12,881
c
-1,495
d
0
e
1,134
10
-750
-5,676
-6,601
126,590
126,701
-28,207
1,025
44,001
18,219
-15,286
-24,773
-7
170
25,028
-4,490
-17,260
-11,914
10,241
-1,419
-40,130
9,628
4,713
-1,541
-977
5,529
5,017
2,446
3,732
5,356
191
1,452
-16,015
4,887
14,576
-4,372
2,810
14,201
17,175
402
3,593
5,824
-600
-120
6,450
5,823
6,434
3,648
2,956
6,437
1,658
1,032
864
971
1,301
1,362
0
3,184
1,208
-53
1,504
836
3,999
6,143
8,407
-6,885
-2,612
6,320
4,605
4,333
2,513
-18,228
423
-2,401
-341
30
4,307
1,067
-797
5,334
8,470
14,433
23,863
8,270
4,121
2,255
4,325
-11,325
8,068
1,195
-146
8,884
6,297
9,939
1,078
3,520
11,030
3,495
-5,027
8,561
6,427
6,505
11,296
-2,011
27,338
-11,832
-9,719
-14,567
3,543
390
-12,558
4,677
-749
2,110
-6,818
-20,153
-6,351
-10,275
-10,482
-23,717
10,297
-3,414
-2,091
3,961
-956
6,224
7,592
-6,441
6,229
1,955
-47,767
-32,460
2,730
5,870
-7,970
33,050
-11,566
4,212
-52,960
132
14,667
2,360
10,345
2,329
400
3,856
-49,033
-35,786
-44,251
-13,551
-21,325
-3,253
-442
-29,477
-12,446
645
-3,152
-6,278
5,516
3,794
7,357
15,345
7,831
9,457
2,952
-3,411
-10,900
4,880
-14,476
6,631
9,209
-289
-11,756
19,734
32,818
13,052
-20,639
-10,327
-4,718
-1,638
-26,394
-52,433
8,346
-31,858
7,111
-1,937
-20,986
-13,492
6,756
12,871
28,798
3,131
10,343
2,663
-885
-2,707
-5,630
5,801
2,527
7,425
9,727
4,454
-3,262
10,365
4,297
15,960
7,879
10,508
9,498
5,971
3,016
-808
334
256
67,996
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
244,675
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
1,410,049
25,826,213
0.054598
2017
1,197,926
26,206,084
0.045712
2016
1,139,357
24,902,698
0.045752
2015
1,137,453
24,150,010
0.047099
2014
1,244,279
26,389,200
0.047151
2
Total
of line 1, column (d)
.....................
2
0.240312
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
0.048062
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
25,821,570
5
Multiply line 4 by line 3
......................
5
1,241,036
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
6,856
7
Add lines 5 and 6
........................
7
1,247,892
8
Enter qualifying distributions from Part XII, line 4
,.............
8
1,141,156
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
13,712
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
13,712
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
13,712
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
9,888
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
0
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
9,888
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
3,824
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
Refunded
11
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
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)
PA
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.NIMICKFORBESWAYFOUNDATION.ORG
14
The books are in care of
CHARLES L H NIMICK
Telephone no.
(412) 562-1843
Located at
UNION TRUST BUILDING 501 GRANT
STREET SUITE 200
PITTSBURGH
PA
ZIP+4
15219
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
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
CHARLES LH NIMICK
DIRECTOR/CHAIRMAN
2.00
0
0
0
3096 WINDSONG DRIVE
OAKTON
,
VA
22124
VICTORIA NIMICK ENRIGHT
DIRECTOR/VICE-CHAIRMAN
0.50
0
0
0
605 SOUTH SHORE DRIVE
MADISON
,
WI
53715
CATHLEEN LOCKHART NIMICK
DIRECTOR/VICE-CHAIRMAN
0.50
0
0
0
311 EASTERN AVENUE
PITTSBURGH
,
PA
15215
JACK J KESSLER
DIRECTOR/SECY/TREAS
1.00
0
0
0
401 EAST LAS OLAS BLVD STE 2250
FORT LAUDERDALE
,
FL
33301
HAYLEY LITTLE
EXECUTIVE DIRECTOR
20.00
89,805
0
0
501 GRANT STREET SUITE 200
PITTSBURGH
,
PA
15219
WILLIAM C AUSTIN
TRUSTEE
0.50
0
0
0
105 EAST 37TH STREET APT 4B
NEW YORK
,
NY
10016
KIMBERLY H TILGHMAN
TRUSTEE
1.00
15,000
0
0
1001 LIBERTY AVENUE SUITE 1150
PITTSBURGH
,
PA
15222
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
PNC BANK NA HAWTHORN
INVESTMENT MANAGEMENT
76,167
1600 MARKET STREET 29TH FL
PHILADELPHIA
,
PA
19103
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
THE MISSION OF THE NIMICK FORBESWAY FOUNDATION IS TO BETTER THE HUMAN CONDITION IN THE FIELDS OF RELIGION, EDUCATION, HEALTHCARE, THE ARTS AND THE ENVIRONMENT, IN A MANNER CONSISTENT WITH THE PHILANTHROPIC PRINCIPLES OF TWO PROGENITORS OF THE NIMICK FAMILY: THOMAS MARSHALL HOWE AND CHARLES LOCKHART.
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
25,114,635
b
Average of monthly cash balances
.......................
1b
1,100,157
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
26,214,792
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
26,214,792
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
393,222
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
25,821,570
6
Minimum investment return.
Enter 5% of line 5
..................
6
1,291,079
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
1,291,079
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
13,712
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
13,712
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
1,277,367
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
1,277,367
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
1,277,367
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
1,141,156
b
Program-related investments—total from Part IX-B
..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
1,141,156
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
0
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
1,141,156
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
1,277,367
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
934,562
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:
$
1,141,156
a
Applied to 2018, but not more than line 2a
934,562
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
.....
206,594
e
Remaining amount distributed out of corpus
0
5
Excess distributions carryover applied to 2019.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
0
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
0
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
0
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
0
e
Undistributed income for 2018. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2019. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
1,070,773
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
......
0
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
....
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:
HAYLEY LITTLE
UNION TRUST BUILDING 501 GRANT
STREET SUITE 200
PITTSBURGH
,
PA
15219
(412) 562-1843
b
The form in which applications should be submitted and information and materials they should include:
LETTER OF APPLICATION
c
Any submission deadlines:
APRIL 30, 2020
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
N/A
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
ARCHIPELAGO BOOKS
232 THIRD STREET A111
BROOKLYN
,
NY
11215
PUBLIC
SAADAT HASAN MANTO PROJECT
24,000
ARCHIPELAGO BOOKS
232 THIRD STREET A111
BROOKLYN
,
NY
11215
PUBLIC
THE BAREFOOT WOMEN, GOOD WILL COME FROM THE SEA AND THE COMPLETE STORIES OF JUAN CARLOS ONETTI PROJECTS
34,000
CALVARY EPISCOPAL CHURCH
315 SHADY AVENUE
PITTSBURGH
,
PA
15206
PUBLIC
GENERAL OPERATING SUPPORT
15,000
CARNEGIE INSTITUTECARNEGIE MUSEUM OF NATURAL HISTORYPOWDERMILL
4401 FORBES AVENUE
PITTSBURGH
,
PA
15213
PUBLIC
POWDERMILL NATURE RESERVE/ GENERAL OPERATING SUPPORT
25,000
CHILDREN'S INSTITUTE OF PITTSBURGH
1405 SHADY AVENUE
PITTSBURGH
,
PA
15217
PUBLIC
FOUNDERS TERRACE
102,500
FRANKLIN & MARSHALL COLLEGE
415 HARRISBURG AVENUE
LANCASTER
,
PA
17603
PUBLIC
CLASS OF 2010 SCHOLARSHIP FUND
10,000
SENATOR JOHN HEINZ HISTORY CENTER
1212 SMALLMAN STREET
PITTSBURGH
,
PA
15222
PUBLIC
AMERICA 101 INITIATIVE
200,000
KID'S VOICE
437 GRANT STREET SUITE 700
PITTSBURGH
,
PA
15219
PUBLIC
OPERATING SUPPORT
2,500
LEUKEMIA AND LYMPHOMA SOCIETY
333 E CARSON STREET 441E
PITTSBURGH
,
PA
15219
PUBLIC
GENERAL OPERATING SUPPORT
50,000
LOYALHANNA WATERSHED ASSOCIATION
6 OLD LINCOLN HIGHWAY W
LIGONIER
,
PA
15658
PUBLIC
NIMICK FORBESWAY EDUCATIONAL PROGRAM ENDOWMENT
20,000
MADISON MUSEUM OF CONTEMPORARY ART
227 STATE STREET
MADISON
,
WI
53703
PUBLIC
SCHOOL AND FAMILY PROGRAMING
17,500
MADISON PUBLIC LIBRARY FOUNDATION
201 W MIFFLIN STREET
MADISON
,
WI
53703
PUBLIC
BOOK FAIR OPERATING SUPPORT
10,000
MONROE STREET ARTS CENTER
2526 MONROE STREET
MADISON
,
WI
53711
PUBLIC
MSAC CAPITAL CAMPAIGN
50,000
NATIONAL PARKS FOUNDATION
1110 VERMONT AVENUE NW STE 200
WASHINGTON
,
DC
20005
PUBLIC
ANACOSTIA PARK REVITALIZATION PROJECT
25,000
PIEDMONT ENVIRONMENTAL COUNCIL
45 HORNER STREET
WARRENTON
,
VA
20186
PUBLIC
TROUT STREAM RESTORATION PROJECT/WHITE OAK & BOLTEN BRANCH PROJECT
20,000
SIMPSON STREET FREE PRESS INC
2412 W BROADWAY
MONONA
,
WI
53713
PUBLIC
SSFP'S 25TH PLAN CAMPAIGN
25,000
PENNSYLVANIA ENVIRONMENTAL COUNCIL
810 RIVER AVENUE SUITE 201
PITTSBURGH
,
PA
15212
PUBLIC
INDUSTRIAL HEARTLAND TRAIL COALITIONINDUSTRIAL HEARTLAND TRAIL COALITION
50,000
ST MICHAEL'S OF THE VALLEY
PO BOX 336
LIGONIER
,
PA
15658
PUBLIC
GENERAL OPERATING SUPPORT
25,000
SHELDON CALVARY CAMP
4411 LAKE ROAD
CONNEAUT
,
OH
44030
PUBLIC
CAPITAL CAMPAIGN AND THE BUILDING AND NAMING OF THE NEW LAKESIDE AMPHITHEATER
100,000
UNITED STATES HOLOCAUST MUSEUM
100 RAOUL WALLENBERG PLACE SW
WASHINGTON
,
DC
20024
PUBLIC
GENERAL OPERATING SUPPORT
25,000
WASHINGTON NATIONAL CATHEDRAL
3101 WISCONSIN AVENUE NW
WASHINGTON
,
DC
20016
PUBLIC
EARTHQUAKE RESTORATION CAMPAIGN
100,000
THOMAS PAINE NATIONAL HISTORICAL ASSOCIATION
983 NORTH AVENUE
NEW ROCHELLE
,
NY
10804
PUBLIC
THOMAS PAINE COLLECTION
40,000
MOUNT VERNON LADIES ASSOCIATION OF THE UNION
PO BOX 110
MOUNT VERNON
,
VA
22121
PUBLIC
PARIS CONFERENCE
5,000
INTERNATIONAL STUDENT CONFERENCES INC
1211 CONNECTICUT AVENUE NW
WASHINGTON
,
DC
20036
PUBLIC
JASC KASC STUDENT CONFERENCES
30,000
Total
.................................
3a
1,005,500
b
Approved for future payment
CHILDREN'S INSTITUTE OF PITTSBURGH
1405 SHADY AVENUE
PITTSBURGH
,
PA
15217
PUBLIC
FOUNDERS TERRACE
80,000
SENATOR JOHN HEINZ HISTORY CENTER
1212 SMALLMAN STREET
PITTSBURGH
,
PA
15222
PUBLIC
AMERICA 101 INITIATIVE
300,000
LOYALHANNA WATERSHED ASSOCIATION
6 OLD LINCOLN HIGHWAY W
LIGONIER
,
PA
15658
PUBLIC
NIMICK FORBESWAY EDUCATIONAL PROGRAM ENDOWMENT
20,000
UNITED STATES HOLOCAUST MUSEUM
100 RAOUL WALLENBERG PLACE SW
WASHINGTON
,
DC
20024
PUBLIC
GENERAL OPERATING SUPPORT
75,000
THOMAS PAINE NATIONAL HISTORICAL ASSOCIATION
983 NORTH AVENUE
NEW ROCHELLE
,
NY
10804
PUBLIC
THOMAS PAINE COLLECTION
160,000
Total
.................................
3b
635,000
Form
990-PF
(2019)
Form 990-PF (2019)
Page
12
Part XVI-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
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
113,952
4
Dividends and interest from securities
....
14
445,175
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
244,675
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
b
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
0
803,802
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
803,802
(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