Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 01-01-2019 , and ending 12-31-2019
Name of foundation
THE COUCH FAMILY FOUNDATION
C/O MOTT PHILANTHROPIC
Number and street (or P.O. box number if mail is not delivered to street address)800 BOYLSTON STREET NO 1560
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02199
A Employer identification number

10-0000573
B Telephone number (see instructions)

(603) 643-3441
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$94,849,383
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books
(b) Net investment
income
(c) Adjusted net
income
(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 25,253,432
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,192,879 1,192,879  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,285,688
b Gross sales price for all assets on line 6a 53,555,668
7 Capital gain net income (from Part IV, line 2)... 27,727,934
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)....... 84,818 84,818  
12 Total. Add lines 1 through 11........ 34,816,817 29,005,631  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 30,000 0   30,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 15,050 0   0
c Other professional fees (attach schedule).... 631,842 631,842   0
17 Interest............... 48 48   0
18 Taxes (attach schedule) (see instructions)... 260,188 56,685   3,503
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 352,285 0   340,407
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,289,413 688,575   373,910
25 Contributions, gifts, grants paid....... 2,920,800 2,920,800
26 Total expenses and disbursements. Add lines 24 and 25 4,210,213 688,575   3,294,710
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 30,606,604
b Net investment income (if negative, enter -0-) 28,317,056
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 918,996 2,125,393 2,125,393
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 37,392,590 Click to see attachment60,365,452 79,149,347
c Investments—corporate bonds (attach schedule)....... 7,871,390 Click to see attachment12,673,166 13,127,874
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 Click to see attachment446,703 446,769
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 46,182,976 75,610,714 94,849,383
Liabilities 17 Accounts payable and accrued expenses.......... 7,618  
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 7,618 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 46,175,358 75,610,714
29 Total net assets or fund balances (see instructions)..... 46,175,358 75,610,714
30 Total liabilities and net assets/fund balances (see instructions). 46,182,976 75,610,714
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
46,175,358
2
Enter amount from Part I, line 27a .....................
2
30,606,604
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
76,781,962
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,171,248
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
75,610,714
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 BBH WEALTH STRATEGIES, LLC - ALTAROCK PARTNERS SERIES P    
b BBH WEALTH STRATEGIES, LLC - ALTAROCK PARTNERS SERIES P    
c BBH WEALTH STRATEGIES, LLC - BURGUNDYEMERGING MARKET P    
d BBH WEALTH STRATEGIES, LLC - BURGUNDYEMERGING MARKET P    
e BBH WEALTH STRATEGIES, LLC - CLARKSTON CAPITAL PARTNERS SMALL-MID CAP SERIES P    
BBH WEALTH STRATEGIES, LLC - CLARKSTON CAPITAL PARTNERS SMALL-MID CAP SERIES P    
BBH WEALTH STRATEGIES, LLC - SELECT EQUITY SERIES P    
BBH WEALTH STRATEGIES, LLC - SELECT EQUITY SERIES P    
1818 PARTNERS, LP C/O BBH & CO P    
1818 PARTNERS, LP C/O BBH & CO P    
BBH WEALTH STRATEGIES, LLC - GQG PARTNERS EMERGING MARKETS EQUITY SERIES P    
BBH WEALTH STRATEGIES, LLC - GQG PARTNERS EMERGING MARKETS EQUITY SERIES P    
BBH WEALTH STRATEGIES, LLC - BARE MID-LARGE CAP SERIES P    
BROWN BROTHERS 0719 P    
BROWN BROTHERS 0719 P    
DISTRIBUTION FROM HITCHWOOD CAPITAL PARTNERS P    
DISTRIBUTION FROM OAKTREE OPPS SUB TRUST P    
DISTRIBUTION FROM SANDTON CREDIT SOLUTIONS IV SUB TRUST P    
DISTRIBUTION FROM CAPITAL PARTNERS V-1 SUB TRUST P    
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 12,118     12,118
b 61,660     61,660
c 6,017     6,017
d 171,129     171,129
e 5,295     5,295
128,231     128,231
274,931     274,931
162,221     162,221
760     760
229,390     229,390
    20,202 -20,202
5,615     5,615
    90,724 -90,724
11,105,455   10,268,414 837,041
32,952,625   7,074,523 25,878,102
7,736,472   7,736,472 0
51,351   51,351 0
13,608   13,608 0
572,440   572,440 0
66,350     66,350
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       12,118
b       61,660
c       6,017
d       171,129
e       5,295
      128,231
      274,931
      162,221
      760
      229,390
      -20,202
      5,615
      -90,724
      837,041
      25,878,102
      0
      0
      0
      0
      66,350
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
Bracket 2 27,727,934
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ...................
Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in)
(b)
Adjusted qualifying distributions
(c)
Net value of noncharitable-use assets
(d)
Distribution ratio
(col. (b) divided by col. (c))
2018 2,199,117 59,370,205 0.037041
2017 3,108,235 55,637,974 0.055865
2016 1,877,472 47,480,299 0.039542
2015 1,056,813 43,843,541 0.024104
2014 636,873 38,651,256 0.016477
2
Total of line 1, column (d) .....................
2
0.173029
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
0.034606
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
76,637,796
5
Multiply line 4 by line 3......................
5
2,652,128
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
283,171
7
Add lines 5 and 6........................
7
2,935,299
8
Enter qualifying distributions from Part XII, line 4,.............
8
3,294,710
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2019)
Form 990-PF (2019)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 283,171
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 283,171
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- ..... 5 283,171
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 287,448
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 40,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 327,448
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 44,277
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet44,277 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
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)
    bulletNH
    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
     
    No
    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. Click to see attachment...............................
    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 addressbulletN/A
    14
    The books are in care ofbulletANDERSEN TAX LLC Telephone no.bullet (617) 292-8400

    Located atbullet125 HIGH STREET 16TH FLOORBOSTONMA ZIP+4bullet02110
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2019?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2019 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2019.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position
    (c) Compensation
    (If not paid, enter
    -0-)
    (d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    RICHARD W COUCH TRUSTEE
    1.00
    0 0 0
    23 BERRILL FARMS LANE
    HANOVER,NH03755
    BARBARA J COUCH TRUSTEE
    1.00
    0 0 0
    23 BERRILL FARMS LANE
    HANOVER,NH03755
    BROOKE FREELAND MANAGER
    15.00
    0 0 0
    2716 HARRIS BLVD
    AUSTIN,TX78703
    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...................bullet 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    76,676,383
    b
    Average of monthly cash balances.......................
    1b
    1,128,486
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    77,804,869
    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
    77,804,869
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,167,073
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    76,637,796
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,831,890
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,831,890
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    283,171
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    283,171
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,548,719
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,548,719
    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
    3,548,719
    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
    3,294,710
    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
    3,294,710
    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
    283,171
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,011,539
    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 3,548,719
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 2,185,831
    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......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 3,294,710
    a Applied to 2018, but not more than line 2a 2,185,831
    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..... 1,108,879
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2019. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........
    0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......
    0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........
    0
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............
    0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........
    2,439,840
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......
    0
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...
    0
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......
    0
    10 Analysis of line 9:
    a Excess from 2015....  
    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....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........
    Tax year Prior 3 years (e) Total
    (a) 2019 (b) 2018 (c) 2017 (d) 2016
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....
             
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........
             
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....
             
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)
             
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...
             
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....
             
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....
             
    (3) Largest amount of support
    from an exempt organization
             
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    RICHARD W COUCH
    BARBARA J COUCH
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    Foundation
    status of
    recipient
    Purpose of grant or
    contribution
    Amount
    Name and address (home or business)
    aPaid during the year
    COBSCOOK COMMUNITY LEARNING
    10 COMMISSARY POINT RD
    LUBEC,ME04652
      PUBLIC GENERAL SUPPORT 1,000
    MVYOUTH
    PO BOX 654
    EDGARTOWN,MA02539
      PUBLIC GENERAL SUPPORT 1,518
    FRIENDS OF NORRIS COTTON CANCER CENTER
    ONE MEDICAL CENTER DRIVE
    LEBANON,NH03756
      PUBLIC GENERAL SUPPORT 10,000
    FRIENDS OF NORRIS COTTON CANCER CENTER
    ONE MEDICAL CENTER DRIVE
    LEBANON,NH03756
      PUBLIC GENERAL SUPPORT 5,000
    UPPER VALLEY HAVEN
    713 HARTFORD AVENUE
    WHITE RIVER JUNCTION,VT05001
      PUBLIC GENERAL SUPPORT 5,000
    UPPER VALLEY HAVEN
    713 HARTFORD AVENUE
    WHITE RIVER JUNCTION,VT05001
      PUBLIC GENERAL SUPPORT 5,000
    AMERICAN PRECISION MUSEUM
    196 MAIN ST PO BOX 679
    WINDSOR,VT05089
      PUBLIC GENERAL SUPPORT 1,000
    SOUTHEASTERN VERMONT COMMUNITY ACTION
    91 BUCK DR
    WESTMINSTER,VT05158
      PUBLIC GENERAL SUPPORT 10,000
    THE SPACE ON MAIN
    174 MAIN STREET
    BRADFORD,VT05033
      PUBLIC GENERAL SUPPORT 5,000
    SPECIAL NEEDS SUPPORT CENTER
    12 FLYNN STREET
    LEBANON,NH03766
      PUBLIC GENERAL SUPPORT 10,000
    MONTSHIRE MUSEUM OF SCIENCE
    ONE MONTSHIRE ROAD
    NORWICH,VT05055
      PUBLIC GENERAL SUPPORT 5,000
    NEW HAMPSHIRE CENTER FOR NONPROFITS
    84 SILK FARM ROAD
    CONCORD,NH03301
      PUBLIC GENERAL SUPPORT 5,000
    SECOND GROWTH
    PO BOX 5227
    WEST LEBANON,NH03784
      PUBLIC GENERAL SUPPORT 10,000
    SPARK COMMUNITY CENTER
    75 BANK ST
    LEBANON,NH03766
      PUBLIC GENERAL SUPPORT 5,000
    CAMP JABERWOCKY
    200 GREENWOOD AVE
    VINEYARD HAVEN,MA02568
      PUBLIC GENERAL SUPPORT 7,500
    FORD SAYRE MEMORIAL SKI COUNCIL
    PO BOX 471
    HANOVER,NH03755
      PUBLIC GENERAL SUPPORT 5,000
    FRIENDS OF THE CHILMARK PUBLIC LIBRARY
    PO BOX 434
    CHILMARK,MA02535
      PUBLIC GENERAL SUPPORT 2,000
    CLAREMONT EARLY CHILDHOOD PROGRAM
    111 SOUTH STREET
    CLAREMONT,NH03743
      PUBLIC GENERAL SUPPORT 23,160
    DISMAS OF VT
    103 PARK AVENUE
    RUTLAND,VT05701
      PUBLIC GENERAL SUPPORT 2,500
    UPPER VALLEY SNOW SPORTS FOUNDATION
    161 WHALEBACK MOUNTAIN RD
    ENFIELD,NH03749
      PUBLIC GENERAL SUPPORT 25,000
    CLAREMONT LEARNING PARTNERSHIP
    169 MAIN ST
    CLAREMONT,NH03743
      PUBLIC GENERAL SUPPORT 66,300
    HEALTH STRATEGIES OF NEW HAMPSHIRE
    ONE PILLSBURY STREET SUITE 301
    CONCORD,NH03301
      PUBLIC GENERAL SUPPORT 1,000
    DARTMOUTH COLLEGE - THAYER SCHOOL OF ENGINEERING
    14 ENGINEERING DR
    HANOVER,NH03755
      PUBLIC GENERAL SUPPORT 25,000
    MT ASCUTNEY HOSPITAL AND HEALTH CENTER
    PO BOX 101
    BROWNSVILLE,VT05037
      PUBLIC GENERAL SUPPORT 6,600
    UPPER VALLEY HAVEN
    713 HARTFORD AVENUE
    WHITE RIVER JUNCTION,VT05001
      PUBLIC GENERAL SUPPORT 35,000
    HEADREST
    14 CHURCH STREET
    LEBANON,NH03766
      PUBLIC GENERAL SUPPORT 15,000
    AVA GALLERY AND ART CENTER
    11 BANK STREET
    LEBANON,NH03766
      PUBLIC GENERAL SUPPORT 25,000
    MT ASCUTNEY HOSPITAL AND HEALTH CENTER
    PO BOX 101
    BROWNSVILLE,VT05037
      PUBLIC GENERAL SUPPORT 63,309
    OPERA NORTH
    20 WEST PARK STREET
    LEBANON,NH03766
      PUBLIC GENERAL SUPPORT 10,000
    PUBLIC HEALTH COUNCIL OF THE UPPER VALLEY
    ONE COURT STREET 378
    LEBANON,NH03766
      PUBLIC GENERAL SUPPORT 5,000
    CHANGING PERSPECTIVES
    PO BOX 694
    BRADFORD,VT05033
      PUBLIC GENERAL SUPPORT 9,000
    ISLAND GROWN INITIATIVE
    PO BOX 622
    VINEYARD HAVEN,MA02569
      PUBLIC GENERAL SUPPORT 10,000
    LEBANON OUTING CLUB
    60 SPRING STREET
    LEBANON,NH03766
      PUBLIC GENERAL SUPPORT 15,000
    THE MAYHEW PROGRAM
    293 W SHORE RD
    BRISTOL,NH03222
      PUBLIC GENERAL SUPPORT 7,000
    VERMONT PBS
    10 EAST ALLEN ST SUITE 202
    WINOOSKI,VT05404
      PUBLIC GENERAL SUPPORT 5,000
    WINDSOR EARLY CHILDHOOD CENTER
    20 BRIDGE ST
    WINDSOR,VT05089
      PUBLIC GENERAL SUPPORT 10,000
    ZACH'S PLACE ENRICHMENT CENTER
    73 CENTRAL STREET SUITE A PO BOX
    634
    WOODSTOCK,VT05091
      PUBLIC GENERAL SUPPORT 10,000
    COVER HOME REPAIR
    158 SOUTH MAIN STREET
    WHITE RIVER JUNCTION,VT05001
      PUBLIC GENERAL SUPPORT 15,000
    RAISING A READER - MA
    9B HAMILTON PLACE 3RD FL
    BOSTON,MA02108
      PUBLIC GENERAL SUPPORT 10,000
    VSA VERMONT
    21 CARMICHAEL ST 206
    ESSEX JUNCTION,VT05452
      PUBLIC GENERAL SUPPORT 5,000
    PENTANGLE ARTS
    31 THE GREEN
    WOODSTOCK,VT05091
      PUBLIC GENERAL SUPPORT 5,000
    GOOD BEGINNINGS OF THE UPPER VALLEY
    PO BOX 5054
    WEST LEBANON,NH03784
      PUBLIC GENERAL SUPPORT 21,175
    NEW HAMPSHIRE CHILDREN'S TRUST
    10 FERRY ST 315
    CONCORD,NH03301
      PUBLIC GENERAL SUPPORT 7,500
    NORTH COUNTRY EDUCATION SERVICES AGENCY
    300 GORHAM HILL ROAD
    GORHAM,NH03581
      PUBLIC GENERAL SUPPORT 2,550
    UPPER VALLEY HAVEN
    713 HARTFORD AVENUE
    WHITE RIVER JUNCTION,VT05001
      PUBLIC GENERAL SUPPORT 25,000
    GIFT OF ADOPTION
    2001 WAUKEGAN ROAD
    TECHNY,IL60082
      PUBLIC GENERAL SUPPORT 1,000
    GLOBAL CAMPUSES FOUNDATION
    43 S MAIN STREET
    RANDOLPH,VT05060
      PUBLIC GENERAL SUPPORT 7,500
    THE HITCHCOCK FOUNDATION
    ONE MEDICAL CENTER DRIVE
    LEBANON,NH03756
      PUBLIC GENERAL SUPPORT 10,000
    CHILDREN'S LITERACY FOUNDATION
    1536 LOOMIS HILL ROAD
    WATERBURY CENTER,VT05677
      PUBLIC GENERAL SUPPORT 30,000
    MARIPOSA MUSEUM
    26 MAIN ST
    PETERBOROUGH,NH03458
      PUBLIC GENERAL SUPPORT 500
    WILLING HANDS ENTERPRISES
    PO BOX 172
    LEBANON,NH03766
      PUBLIC GENERAL SUPPORT 10,000
    ISLAND FOOD PANTRY
    CHURCH ST
    VINEYARD,MA02568
      PUBLIC GENERAL SUPPORT 5,000
    UPPER VALLEY AQUATICS CENTER
    100 ARBORETUM LN
    WHITE RIVER JUNCTION,VT05001
      PUBLIC GENERAL SUPPORT 5,000
    UPPER VALLEY AQUATICS CENTER
    100 ARBORETUM LN
    WHITE RIVER JUNCTION,VT05001
      PUBLIC GENERAL SUPPORT 10,000
    MASSACHUSETTS AUDUBON SOCIETY
    346 GRAPEVINE RD
    WENHAM,MA01984
      PUBLIC GENERAL SUPPORT 12,885
    UPPER VALLEY TRAILS ALLIANCE
    PO BOX 1215
    NORWICH,VT05055
      PUBLIC GENERAL SUPPORT 10,000
    MARTHA'S VINEYARD BOYS AND GIRLS CLUB
    PO BOX 654
    EDGARTOWN,MA02539
      PUBLIC GENERAL SUPPORT 7,500
    TWINSTATE MAKERSPACES
    46 MAIN STREET
    CLAREMONT,NH03743
      PUBLIC GENERAL SUPPORT 15,000
    LEBANON OPERA HOUSE
    51 N PARK ST
    LEBANON,NH03766
      PUBLIC GENERAL SUPPORT 15,000
    LYME NURSERY SCHOOL
    155 DARTMOUTH COLLEGE HWY
    LYME,NH03768
      PUBLIC GENERAL SUPPORT 10,000
    NH BUSINESS COMMUNITY FOR THE ARTS
    49 SOUTH MAIN STREET SUITE 205
    CONCORD,NH03301
      PUBLIC GENERAL SUPPORT 2,250
    DARTMOUTH COLLEGE
    6066 DEVELOPMENT OFFICE
    HANOVER,NH03755
      PUBLIC GENERAL SUPPORT 10,000
    DARTMOUTH HITCHCOCK MEMORIAL HOSPITAL
    ONE MEDICAL CENTER DRIVE
    LEBANON,NH03756
      PUBLIC GENERAL SUPPORT 120,000
    THE FAMILY PLACE
    319 US ROUTE 5 SOUTH
    NORWICH,VT05055
      PUBLIC GENERAL SUPPORT 20,000
    REACHING HIGHER NEW HAMPSHIRE
    40 NORTH MAIN STREET SUITE 204
    CONCORD,NH03301
      PUBLIC GENERAL SUPPORT 1,500
    AVA GALLERY AND ART CENTER
    11 BANK STREET
    LEBANON,NH03766
      PUBLIC GENERAL SUPPORT 16,000
    FUTURE IN SIGHT
    25 WALKER ST
    CONCORD,NH03301
      PUBLIC GENERAL SUPPORT 10,000
    GOOD NEIGHBOR HEALTH CLINIC
    70 NORTH MAIN STREET
    WHITE RIVER JUNCTION,VT05001
      PUBLIC GENERAL SUPPORT 20,000
    PLANNED PARENTHOOD OF NORTHERN NEW ENGLAND
    784 HERCULES DRIVE SUITE 110
    COLCHESTER,VT05446
      PUBLIC GENERAL SUPPORT 25,000
    PLANNED PARENTHOOD OF NORTHERN NEW ENGLAND
    784 HERCULES DRIVE SUITE 110
    COLCHESTER,VT05446
      PUBLIC GENERAL SUPPORT 25,000
    ALOHA FOUNDATION - HULBERT OUTDOOR CENTER
    2968 LAKE MOREY RD
    FAIRLEE,VT05045
      PUBLIC GENERAL SUPPORT 5,000
    GIRLS ON THE RUN VT
    801 EAST MOREHEAD STREET
    CHARLOTTE,NC28202
      PUBLIC GENERAL SUPPORT 5,245
    TLC FAMILY RESOURCE CENTER
    109 PLEASANT ST
    CLAREMONT,NH03743
      PUBLIC GENERAL SUPPORT 74,249
    VISIONS FOR CREATIVE HOUSING SOLUTIONS
    8 SUNRISE FARM LN
    ENFIELD,NH03748
      PUBLIC GENERAL SUPPORT 20,000
    BIG BROTHERS BIG SISTERS OF CC AND THE ISLANDS
    1934 FALMOUTH ROAD
    CENTERVILLE,MA02632
      PUBLIC GENERAL SUPPORT 15,000
    CENTER FOR SCHOOL SUCCESS
    79 EAST WILDER ROAD
    WEST LEBANON,NH03784
      PUBLIC GENERAL SUPPORT 5,000
    GREEN MOUNTAIN CHILDREN'S CENTER
    92 FARMVU DR
    WHITE RIVER JUNCTION,VT05001
      PUBLIC GENERAL SUPPORT 10,000
    GREEN MOUNTAIN CHILDREN'S CENTER
    92 FARMVU DR
    WHITE RIVER JUNCTION,VT05001
      PUBLIC GENERAL SUPPORT 30,000
    GREEN MOUNTAIN CHILDREN'S CENTER
    92 FARMVU DR
    WHITE RIVER JUNCTION,VT05001
      PUBLIC GENERAL SUPPORT 30,878
    ORANGE COUNTY PARENT CHILD CENTER
    693 VT-110
    TUNBRIDGE,VT05077
      PUBLIC GENERAL SUPPORT 30,000
    TWIN PINES HOUSING TRUST
    240 SOUTH MAIN STREET
    WHITE RIVER JUNCTION,VT05001
      PUBLIC GENERAL SUPPORT 15,000
    VINS
    6565 WOODSTOCK ROAD ROUTE 4 PO BOX
    1281
    QUECHEE,VT05059
      PUBLIC GENERAL SUPPORT 15,000
    DISMAS OF VT
    103 PARK AVENUE
    RUTLAND,VT05701
      PUBLIC GENERAL SUPPORT 10,000
    GRANITE UNITED WAY
    22 CONCORD ST 2
    MANCHESTER,NH03101
      PUBLIC GENERAL SUPPORT 10,000
    HAMPSHIRE COOPERATIVE NURSERY SCHOOL
    104 LYME RD
    HANOVER,NH03755
      PUBLIC GENERAL SUPPORT 10,000
    DARTMOUTH HITCHCOCK MEMORIAL HOSPITAL
    ONE MEDICAL CENTER DRIVE
    LEBANON,NH03756
      PUBLIC GENERAL SUPPORT 30,000
    GOOD BEGINNINGS OF THE UPPER VALLEY
    PO BOX 5054
    WEST LEBANON,NH03784
      PUBLIC GENERAL SUPPORT 8,000
    NEW HAMPSHIRE CHARITABLE FOUNDATION
    37 PLEASANT STREET
    CONCORD,NH03301
      PUBLIC GENERAL SUPPORT 50,000
    SAFELINE
    PO BOX 368
    CHELSEA,VT05038
      PUBLIC GENERAL SUPPORT 8,810
    UPPER VALLEY HOSTEL
    17 SOUTH STREET
    HANOVER,NH03755
      PUBLIC GENERAL SUPPORT 5,000
    HANOVER NH ROTARY CHARITIES
    PO BOX 381
    HANOVER,NH03755
      PUBLIC GENERAL SUPPORT 5,000
    POSITIVE TRACKS
    35 SOUTH MAIN STREET
    HANOVER,NH03755
      PUBLIC GENERAL SUPPORT 20,000
    UPPER VALLEY INTERFAITH PROJECT
    PO BOX 187
    MERIDEN,NH03770
      PUBLIC GENERAL SUPPORT 5,000
    BRIDGEWATER AREA COMMUNITY FOUNDATION
    7335 US-4
    BRIDGEWATER,VT05034
      PUBLIC GENERAL SUPPORT 25,000
    REVELS NORTH
    PO BOX 415
    HANOVER,NH03755
      PUBLIC GENERAL SUPPORT 2,500
    UPPER VALLEY TEACHER TRAINING PROGRAM
    194 DARTMOUTH COLLEGE HIGHWAY ROUTE
    4
    LEBANON,NH03766
      PUBLIC GENERAL SUPPORT 50,000
    WAYPOINT
    318 5TH ST SE
    CEDAR RAPIDS,IA52401
      PUBLIC GENERAL SUPPORT 20,000
    THE YARD
    PO BOX 405
    CHILMARK,MA02535
      PUBLIC GENERAL SUPPORT 9,000
    WHITE RIVER PARTNERSHIP
    4266 VT-14
    SOUTH ROYALTON,VT05068
      PUBLIC GENERAL SUPPORT 2,500
    TWIN RIVER CHILDREN'S CENTER
    76 SEMINARY HILL RD
    WEST LEBANON,NH03784
      PUBLIC GENERAL SUPPORT 10,000
    DARTMOUTH HITCHCOCKDHH
    ONE MEDICAL CENTER DRIVE
    LEBANON,NH03756
      PUBLIC GENERAL SUPPORT 1,000
    BRADLEY UNIVERSITY
    1501 W BRADLEY AVE
    PEORIA,IL61625
      PUBLIC GENERAL SUPPORT 10,000
    COLGATE UNIVERSITY
    13 OAK DRIVE
    HAMILTON,NY13346
      PUBLIC GENERAL SUPPORT 10,000
    FRIENDS OF WLRN
    172 NE 15TH STREET
    MIAMI,FL33132
      PUBLIC GENERAL SUPPORT 1,000
    UPPER VALLEY SNOW SPORTS FOUNDATION
    160 WHALEBACK MOUNTAIN RD
    ENFIELD,NH03748
      PUBLIC GENERAL SUPPORT 25,000
    MONTSHIRE MUSEUM OF SCIENCE
    ONE MONTSHIRE ROAD
    NORWICH,VT05055
      PUBLIC GENERAL SUPPORT 12,000
    TEXAS CIVIL RIGHTS PROJECT
    1405 MONTOPOLIS DR
    AUSTIN,TX78741
      PUBLIC GENERAL SUPPORT 2,500
    UNIVERSITY OF TEXAS AUSTIN - LITERACY FIRST
    200 W 24TH STREET
    AUSTIN,TX78705
      PUBLIC GENERAL SUPPORT 5,000
    NH WOMEN'S FOUNDATION
    2 DELTA DRIVE
    CONCORD,NH03301
      PUBLIC GENERAL SUPPORT 5,000
    VALLEY COOPERATIVE PRESCHOOL
    551 LOWER PLAIN
    BRADFORD,VT05033
      PUBLIC GENERAL SUPPORT 25,000
    SAIL MARTHA'S VINEYARD
    79 BEACH RD
    VINEYARD HAVEN,MA02568
      PUBLIC GENERAL SUPPORT 7,500
    BREAKTHROUGH CENTRAL TEXAS
    1050 E 11TH ST
    AUSTIN,TX78702
      PUBLIC GENERAL SUPPORT 5,000
    CHILMARK COMMUNITY CENTER
    520 S RD
    CHILMARK,MA02535
      PUBLIC GENERAL SUPPORT 2,000
    MARTHA'S VINEYARD HOSPITAL
    1 HOSPITAL RD
    OAK BLUFFS,MA02557
      PUBLIC GENERAL SUPPORT 10,000
    THE FAMILY PLACE
    319 US ROUTE 5 SOUTH
    NORWICH,VT05055
      PUBLIC GENERAL SUPPORT 30,000
    BARN ARTS CENTER FOR THE ARTS
    130 TREMONT RD
    BASS HARBOR,ME04653
      PUBLIC GENERAL SUPPORT 2,500
    CHILDREN'S CENTER OF THE UPPER VALLEY
    178 MECHANIC ST
    LEBANON,NH03766
      PUBLIC GENERAL SUPPORT 50,000
    GREEN MOUNTAIN CHILDREN'S CENTER
    92 FARMVU DR
    WHITE RIVER JUNCTION,VT05001
      PUBLIC GENERAL SUPPORT 13,871
    GREEN MOUNTAIN CHILDREN'S CENTER
    92 FARMVU DR
    WHITE RIVER JUNCTION,VT05001
      PUBLIC GENERAL SUPPORT 115,225
    NEW HAMPSHIRE HUMANITIES
    117 PLEASANT STREET
    CONCORD,NH03301
      PUBLIC GENERAL SUPPORT 7,500
    NEW HAMPSHIRE PUBLIC RADIO
    2 PILSBURY STREET
    CONCORD,NH03301
      PUBLIC GENERAL SUPPORT 10,000
    SOCIETY FOR THE PROTECTION OF NH FORESTS
    54 PORTSMOUTH STREET
    CONCORD,NH03301
      PUBLIC GENERAL SUPPORT 5,000
    UPPER VALLEY LAND TRUST
    19 BUCK ROAD
    HANOVER,NH03755
      PUBLIC GENERAL SUPPORT 15,000
    VISITING NURSE AND HOSPICE OF NH AND VT
    PO BOX 976
    WHITE RIVER JUNCTION,VT05001
      PUBLIC GENERAL SUPPORT 2,500
    GRAFTON COUNTY SENIOR CITIZENS COUNCIL
    10 CAMBELL STREET
    LEBANON,NH03766
      PUBLIC GENERAL SUPPORT 17,000
    MAPLE LEAF CHILDREN'S CENTER
    2596 VT-113
    THETFORD,VT05074
      PUBLIC GENERAL SUPPORT 10,000
    NEW HAMPSHIRE WOMEN'S FOUNDATION
    2 DELTA DRIVE
    CONCORD,NH03301
      PUBLIC GENERAL SUPPORT 10,000
    UPPER VALLEY HUMANE SOCIETY
    300 OLD ROUTE 10
    ENFIELD,NH03748
      PUBLIC GENERAL SUPPORT 5,000
    VITAL COMMUNITIES
    195 NORTH MAIN STREET
    WHITE RIVER JUNCTION,VT05001
      PUBLIC GENERAL SUPPORT 10,000
    ACE MV
    100 EDGARTOWN VINEYARD HAVEN RD
    OAK BLUFFS,MA02557
      PUBLIC GENERAL SUPPORT 10,000
    NEW HAMPSHIRE CHARITABLE FOUNDATION
    37 PLEASANT STREET
    CONCORD,NH03301
      PUBLIC GENERAL SUPPORT 10,000
    NEW HAMPSHIRE CHARITABLE FOUNDATION
    37 PLEASANT STREET
    CONCORD,NH03301
      PUBLIC GENERAL SUPPORT 159,125
    SPRINGFIELD AREA PARENT CHILD CENTER
    6 MAIN ST
    NORTH SPRINGFIELD,VT05150
      PUBLIC GENERAL SUPPORT 15,000
    WEST CENTRAL BEHAVIOR HEALTH
    9 HANOVER STREET SUITE 2
    LEBANON,NH03766
      PUBLIC GENERAL SUPPORT 30,000
    CROTCHED MOUNTAIN FOUNDATION
    1 VERNEY DRIVE
    GREENFIELD,NH03047
      PUBLIC GENERAL SUPPORT 25,000
    GOVERNOR'S INSTITUTE OF VT
    20 W CANAL ST
    WINOOSKI,VT05404
      PUBLIC GENERAL SUPPORT 4,000
    NORTHERN STAGE
    PO BOX 4287
    WHITE RIVER JUNCTION,VT05001
      PUBLIC GENERAL SUPPORT 10,000
    SAFEART
    19-40 HAZEN ST
    EAST ELMHURST,NY11370
      PUBLIC GENERAL SUPPORT 6,000
    CASA OF NH
    PO BOX 1327
    MANCHESTER,NH03105
      PUBLIC GENERAL SUPPORT 10,000
    CASA OF NH
    PO BOX 1327
    MANCHESTER,NH03105
      PUBLIC GENERAL SUPPORT 25,000
    FRIENDS OF NORRIS COTTON CANCER CENTER
    ONE MEDICAL CENTER DRIVE
    LEBANON,NH03756
      PUBLIC GENERAL SUPPORT 5,000
    FRIENDS OF NORRIS COTTON CANCER CENTER
    ONE MEDICAL CENTER DRIVE
    LEBANON,NH03756
      PUBLIC GENERAL SUPPORT 10,000
    NHADACA
    130 PEMBROKE RD 100
    CONCORD,NH03301
      PUBLIC GENERAL SUPPORT 5,000
    UPPER VALLEY HABITAT FOR HUMANITY
    5 S MAIN ST 307
    WHITE RIVER JUNCTION,VT05001
      PUBLIC GENERAL SUPPORT 20,000
    WAYPOINT
    318 5TH ST SE
    CEDAR RAPIDS,IA52401
      PUBLIC GENERAL SUPPORT 20,000
    WOODSTOCK COMMUNITY PRESCHOOL
    54 RIVER STREET
    WOODSTOCK,VT05091
      PUBLIC GENERAL SUPPORT 10,000
    HOPE ON HAVEN HILL
    326 ROCHESTER HILL RD
    ROCHESTER,NH03867
      PUBLIC GENERAL SUPPORT 10,000
    ROOM TO GROW
    142 BERKLEY STREET
    BOSTON,MA02116
      PUBLIC GENERAL SUPPORT 10,000
    NEW HAMPSHIRE ACADEMY OF SCIENCE
    95 DARTMOUTH COLLEGE HWY
    LYME,NH03768
      PUBLIC GENERAL SUPPORT 68,650
    DUPAGE CHILDREN'S MUSEUM
    301 N WASHINGTON ST
    NAPERVILLE,IL60540
      PUBLIC GENERAL SUPPORT 2,500
    GIFT OF ADOPTION
    2001 WAUKEGAN ROAD
    TECHNY,IL60082
      PUBLIC GENERAL SUPPORT 2,500
    UPPER VALLEY WALDORF SCHOOL
    80 BLUFF RD
    QUECHEE,VT05059
      PUBLIC GENERAL SUPPORT 10,000
    ERIKSON INSTITUTE
    451 N LASALLE DR
    CHICAGO,IL60654
      PUBLIC GENERAL SUPPORT 5,000
    CARING COMMUNITY PRESCHOOL
    449 ROUTE 244
    POST MILLS,VT05058
      PUBLIC GENERAL SUPPORT 7,500
    THE MORTON ARBORETUM
    4100 IL-53
    LISLE,IL60532
      PUBLIC GENERAL SUPPORT 5,000
    CHICAGO BOTANIC GARDENS
    1000 LAKE COOK RD
    GLENCOE,IL60022
      PUBLIC GENERAL SUPPORT 2,500
    NEW HEIGHTS YOUTH
    50 E 118TH ST
    NEW YORK,NY10035
      PUBLIC GENERAL SUPPORT 10,000
    FIDELITY DONOR ADVISED FUND
    PO BOX 770001
    CINCINNATI,OH45277
      PUBLIC GENERAL SUPPORT 500,000
    Total .................................bullet 3a 2,920,800
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code
    (b)
    Amount
    (c)
    Exclusion code
    (d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........
             
    4 Dividends and interest from securities....         1,192,879
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....         84,818
    8 Gain or (loss) from sales of assets other than
    inventory ............
            8,285,688
    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 0 9,563,385
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    9,563,385
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow
    Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1 N/A
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    Firm's EIN SmallBullet
    Firm's address SmallBullet


    Phone no.
    Form 990-PF (2019)
    Additional Data


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    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description