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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
LOCKHART VAUGHAN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1600 WEST 41ST STREET NO 700
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21211
A Employer identification number

52-1693184
B Telephone number (see instructions)

(410) 837-9400
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$40,968,345J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 816,093 816,093  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -191,965
b Gross sales price for all assets on line 6a 4,532,277
7 Capital gain net income (from Part IV, line 2)... 0
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........ 624,128 816,093  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 5,915 0   5,915
15 Pension plans, employee benefits....... 442 0   442
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 8,138 4,069   4,069
c Other professional fees (attach schedule).... Click to see attachment 47,140 47,140   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 25,996 0   461
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 4,654 0   4,654
21 Travel, conferences, and meetings....... 1,007 0   1,007
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 17,017 0   17,017
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 110,309 51,209   33,565
25 Contributions, gifts, grants paid....... 1,827,229 1,827,229
26 Total expenses and disbursements. Add lines 24 and 25 1,937,538 51,209   1,860,794
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,313,410
b Net investment income (if negative, enter -0-) 764,884
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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............. 6,112 17,634 17,634
2 Savings and temporary cash investments......... 382,310 361,893 361,893
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).......      
c Investments—corporate bonds (attach schedule)....... 1,072,586 Click to see attachment961,768 942,450
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 29,160,625 Click to see attachment27,966,928 39,646,368
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) 30,621,633 29,308,223 40,968,345
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 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........ 30,621,633 29,308,223
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 30,621,633 29,308,223
30 Total liabilities and net assets/fund balances (see instructions). 30,621,633 29,308,223
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
30,621,633
2
Enter amount from Part I, line 27a .....................
2
-1,313,410
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
29,308,223
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
29,308,223
Form 990-PF (2020)
Form 990-PF (2020)
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 CAPITAL GAIN DISTRIBUTION P    
b PUBLICLY TRADED SECURITIES P    
c REDEMPTION OF BONDS P    
d
e
(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 439,771     439,771
b 4,092,506   4,694,475 -601,969
c     29,767 -29,767
d
e
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       439,771
b       -601,969
c       -29,767
d
e
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 -191,965
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 10,632
c All other domestic foundations enter 1.39% 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 10,632
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 10,632
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 32,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 32,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 21,368
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet21,368 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 the instructions
for the 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)
    bulletMD
    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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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 ofbulletJOHN B POWELL JR Telephone no.bullet (410) 837-9400

    Located atbullet1600 WEST 41ST STREET NO 700BALTIMOREMD ZIP+4bullet21211
    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 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    SUSAN BAKER POWELL TRUSTEE
    1.00     		0 0 0
    1600 WEST 41ST STREET SUITE 700
    BALTIMORE,MD21211
    JULIA B SCHNUPP TRUSTEE
    1.00     		0 0 0
    1600 WEST 41ST STREET SUITE 700
    BALTIMORE,MD21211
    BENJAMIN M BAKER III TRUSTEE
    1.50     		0 0 0
    1600 WEST 41ST STREET SUITE 700
    BALTIMORE,MD21211
    JULIA P O'BRIEN TRUSTEE
    1.00     		0 0 0
    1600 WEST 41ST STREET SUITE 700
    BALTIMORE,MD21211
    BRENTNALL M POWELL TRUSTEE
    1.50     		0 0 0
    1600 WEST 41ST STREET SUITE 700
    BALTIMORE,MD21211
    KEVIN A SCHNUPP TRUSTEE
    1.50     		0 0 0
    1600 WEST 41ST STREET SUITE 700
    BALTIMORE,MD21211
    DAVID B POWELL PRESIDENT/TRUSTEE
    2.00     		0 0 0
    1600 WEST 41ST STREET SUITE 700
    BALTIMORE,MD21211
    KATE R POWELL TRUSTEE
    1.00     		0 0 0
    1600 WEST 41ST STREET SUITE 700
    BALTIMORE,MD21211
    JOHN B POWELL JR SECRETARY/TREASURER
    16.00     		0 0 0
    1600 WEST 41ST STREET SUITE 700
    BALTIMORE,MD21211
    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 (2020)
    Form 990-PF (2020)
    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 (2020)
    Form 990-PF (2020)
    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
    35,846,772
    b
    Average of monthly cash balances.......................
    1b
    479,845
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    36,326,617
    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
    36,326,617
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    544,899
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    35,781,718
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,789,086
    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
    1,789,086
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    10,632
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,632
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,778,454
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,778,454
    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
    1,778,454
    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
    1,860,794
    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
    1,860,794
    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
    1,860,794
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 1,778,454
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 185,640
    b From 2016...... 200,090
    c From 2017...... 81,150
    d From 2018...... 79,234
    e From 2019...... 68,868
    fTotal of lines 3a through e........ 614,982
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,860,794
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 1,778,454
    e Remaining amount distributed out of corpus 82,340
    5 Excess distributions carryover applied to 2020. 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 5 697,322
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		185,640
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		511,682
    10 Analysis of line 9:
    a Excess from 2016.... 200,090
    b Excess from 2017.... 81,150
    c Excess from 2018.... 79,234
    d Excess from 2019.... 68,868
    e Excess from 2020.... 82,340
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    JOHN B POWELL JR
    1600 WEST 41ST STREET SUITE 700
    BALTIMORE,MD21211
    (410) 837-9400
    bThe form in which applications should be submitted and information and materials they should include:
    PLEASE GO TO OUR WEBSITE, LOCKHARTV.ORG.
    cAny submission deadlines:
    PLEASE GO TO OUR WEBSITE, LOCKHARTV.ORG.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PLEASE GO TO OUR WEBSITE, LOCKHARTV.ORG.
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    350ORG
    PO BOX 843004
    BOSTON,MA02284     		NONE PC ENVIRONMENT: ADVOCATING FOR CLEAN ENERGY. 12,500
    4MYCITY INC
    9113 SUNSET RIDGE RD
    RANDALLSTOWN,MD21133     		NONE PC COMMUNITY DEVELOPMENT: COVID-19 RESPONSE. 10,000
    ADVOCATES FOR CHILDREN AND YOUTH
    ONE NORTH CHARLES STREET SUITE 2400
    BALTIMORE,MD21201     		NONE PC COMMUNITY DEVELOPMENT: GENERAL SUPPORT OF RESEARCH, EDUCATION, AND ADVOCACY OF CHILDREN'S ISSUES. 35,000
    AMERICAN RED CROSS
    CENTRAL MARYLAND CHAPTER 4800 MOUNT
    HOPE DRIVE
    BALTIMORE,MD21215     		NONE PC GENERAL SUPPORT. 10,000
    ARTS EDUCATION IN MARYLAND SCHOOLS ALLIANCE
    190 W OSTEND STREET SUITE 210
    BALTIMORE,MD21230     		NONE PC EDUCATION: FOSTERING ARTS EDUCATION IN MARYLAND PUBLIC SCHOOLS. 10,000
    BALTIMORE COMMUNITY LENDING INC
    875 HOLLINS STREET SUITE 301
    BALTIMORE,MD21201     		NONE PC COMMUNITY DEVELOPMENT: TO SUPPORT SMALL BUSINESS LENDING IN BALTIMORE CITY. 15,000
    BALTIMORE SCHOOL FOR THE ARTS FOUNDATION INC
    712 CATHEDRAL STREET
    BALTIMORE,MD21201     		NONE PC EDUCATION: TWIGS AFTER-SCHOOL AND SATURDAY PERFORMING ARTS INSTRUCTION. 20,000
    BALTIMORE SYMPHONY ORCHESTRA
    JOSEPH MEYERHOFF SYMPHONY HALL 1212
    CATHEDRAL STREET
    BALTIMORE,MD21201     		NONE PC EDUCATION: ORCHKIDS" MUSIC INSTRUCTION IN BALTIMORE PUBLIC SCHOOLS. 20,000
    BALTIMORE TREE TRUST
    PO BOX 26202
    BALTIMORE,MD21210     		NONE PC ENVIRONMENT: INCREASE BALTIMORE'S TREE CANOPY. 17,000
    BALTIMORE YOUTH ALLIANCE INC
    6101 LOCH RAVEN BOULEVARD SUITE 408
    BALTIMORE,MD21239     		NONE PC EDUCATION: SUMMER LEARNING - SAT PREPARATION FOR BALTIMORE PUBLIC SCHOOL STUDENTS. 10,000
    BALTIMORE'S PROMISE
    800 NORTH CHARLES STREET SUITE 400
    BALTIMORE,MD21201     		NONE PC COMMUNITY DEVELOPMENT: ADMINISTRATIVE BACKBONE OF BALTIMORE SUMMER FUNDING COLLABORATIVE. 7,360
    BLUE WATER BALTIMORE
    2631 SISSON STREET
    BALTIMORE,MD21211     		NONE PC ENVIRONMENT: FOR CLEANER WATERWAYS AND CHESAPEAKE BAY. 45,000
    BRIDGES AT ST PAUL'S SCHOOL AND GILMAN SCHOOL
    11152 FALLS ROAD PO BOX 8100
    BROOKLANDVILLE,MD21022     		NONE PC EDUCATION: SUMMER LEARNING-MIDDLE SCHOOL STUDENTS PLUS MENTORING THROUGH COLLEGE. 35,000
    BUILDING STEPS
    PO BOX 1393
    BROOKLANDVILLE,MD21022     		NONE PC EDUCATION: FOSTER BALTIMORE PUBLIC SCHOOL STUDENTS TO PURSUE CAREERS IN STEM. 20,000
    CALVERT SCHOOL
    105 TUSCANY ROAD
    BALTIMORE,MD21210     		NONE PC EDUCATION: CAPITAL CAMPAIGN. 14,398
    CAMP ONAWAY
    26 SUMMIT GROVE AVENUE SUITE 130
    BRYN MAWR,PA19010     		NONE PC EDUCATION: SUMMER CAMPING SCHOLARSHIPS. 3,500
    CASA DE MARYLAND - SOLIDARITY FUND
    8151 15TH AVENUE
    LANGLEY PARK,MD20783     		NONE PC COMMUNITY DEVELOPMENT: COVID-19 RESPONSE. 10,000
    CENTRAL MARYLAND TRANSPORTATION ALLIANCE
    11 EAST MT ROYAL AVE 2ND FLOOR
    BALTIMORE,MD21202     		NONE PC ENVIRONMENT: ADVOCATING FOR A REGIONAL MASS TRANSIT SYSTEM. 25,000
    CHESAPEAKE BAY FOUNDATION
    6 HERNDON AVENUE
    ANNAPOLIS,MD21403     		NONE PC ENVIRONMENT: TO RESTORE THE CHESAPEAKE BAY. 50,000
    CHILDREN'S SCHOLARSHIP FUND BALTIMORE INC
    PO BOX 5282
    BALTIMORE,MD21228     		NONE PC EDUCATION: SCHOLARSHIP ASSISTANCE TO BALTIMORE FAMILIES. 59,398
    CLIMATE POLICY INITITATIVE
    PO BOX 14070
    SAN FRANCISCO,CA94114     		NONE PC ENVIRONMENT: TO IMPROVE ENERGY AND LAND USE POLICIES AROUND THE WORLD WITH FOCUS ON FINANCE. 7,000
    COLLEGEBOUND FOUNDATION
    2601 N HOWARD ST SUITE 210
    BALTIMORE,MD21218     		NONE PC EDUCATION: COLLEGE COUNSELING AND FINANCIAL AID FOR BALTIMORE PUBLIC HIGH SCHOOL STUDENTS. 25,000
    COMMUNITY LAW CENTER
    3355 KESWICK ROAD SUITE 200
    BALTIMORE,MD21211     		NONE PC COMMUNITY DEVELOPMENT: FREE LEGAL SERVICES TO BALTIMORE NEIGHBORHOOD GROUPS. 20,000
    CRISTO REY JESUIT HIGH SCHOOL
    420 SOUTH CHESTER STREET
    BALTIMORE,MD21231     		NONE PC EDUCATION: GENERAL SUPPORT OF CRISTO REY JESUIT HIGH SCHOOL. 50,000
    DERRYFIELD SCHOOL
    2108 RIVER RD
    MANCHESTER,NH03104     		NONE PC EDUCATION: GENERAL SUPPORT. 3,500
    DIGITAL EQUITY INITIATIVE FOR BALTIMORE
    2519 N CHARLES ST
    BALTIMORE,MD21218     		NONE PC COMMUNITY DEVELOPMENT: COVID-19 RESPONSE. 10,000
    DOWNTOWN BALTIMORE FAMILY ALLIANCE
    1100 WICOMICO ST SUITE 330
    BALTIMORE,MD21230     		NONE PC COMMUNITY DEVELOPMENT: ENCOURAGING YOUNG FAMILIES TO REMAIN IN DOWNTOWN BALTIMORE. 15,000
    DUNDALK RENAISSANCE CORPORATION
    PO BOX 9278 11 CENTER PL SUITE 201
    DUNDALK,MD21222     		NONE PC COMMUNITY DEVELOPMENT: SUPPORTING HOME OWNERSHIP. 5,000
    EARTHJUSTICE
    50 CALIFORNIA STREET SUITE 500
    SAN FRANCISCO,CA94111     		NONE PC ENVIRONMENT: "ADVANCE CLEAN ENERGY FOR ALL IN MARYLAND" INCLUDING APPEARING BEFORE THE MARYLAND PUBLIC SERVICE COMMISSION. 25,000
    EMMANUEL EPISCOPAL CHURCH
    811 CATHEDRAL STREET
    BALTIMORE,MD21201     		NONE PC GENERAL SUPPORT. 28,794
    ENOCH PRATT FREE LIBRARY
    400 CATHEDRAL STREET
    BALTIMORE,MD21201     		NONE PC EDUCATION: SUPPORT OF VARIOUS "EMERGENT LITERACY" PROGRAMS. 25,000
    ENOCH PRATT FREE LIBRARY
    400 CATHEDRAL STREET
    BALTIMORE,MD21201     		NONE PC COMMUNITY DEVELOPMENT: BRANCH IMPROVEMENT FUND. 25,000
    FAYETTE STREET OUTREACH ORGANIZATION
    29 NORTH SMALLWOOD ST
    BALTIMORE,MD21223     		NONE PC COMMUNITY DEVELOPMENT: COVID-19 RESPONSE. 10,000
    FIRST MOUNT CALVARY BAPTIST CHURCH
    1142 NORTH FULTON AVE
    BALTIMORE,MD21217     		NONE PC COMMUNITY DEVELOPMENT: COVID-19 RESPONSE. 10,000
    FRIENDS OF PATTERSON PARK
    27 SOUTH PATTERSON PARK AVENUE
    BALTIMORE,MD21231     		NONE PC COMMUNITY DEVELOPMENT: FOSTER COMMUNITY SUPPORT FOR PATTERSON PARK. 10,000
    FUEL FUND OF MARYLAND
    1800 WASHINGTON BOULEVARD
    BALTIMORE,MD21230     		NONE PC GENERAL SUPPORT. 10,000
    HAMPDEN FAMILY CENTER
    1104 WEST 36TH STREET
    BALTIMORE,MD21211     		NONE PC EDUCATION: AFTER-SCHOOL AND SUMMER YOUTH PROGRAMS. 18,000
    IMPROVING EDUCATION
    1794 UNTION AVE
    BALTIMORE,MD21211     		NONE PC EDUCATION: TO SUPPORT "NETWORKED IMPROVEMENT COMMUNITY" IN BALTIMORE PUBLIC SCHOOLS THROUGH 2ND GRADE TO IMPROVE LITERACY OUTCOMES. 40,000
    INGENUITY PROJECT INC
    1400 W COLD SPRING LANE
    BALTIMORE,MD21209     		NONE PC EDUCATION: ADVANCED MATH AND SCIENCE COURSES FOR BALTIMORE MIDDLE AND HIGH SCHOOLERS. 35,000
    ITALIAN CULTURAL CENTER
    315 HOMELAND SOUTHWAY
    BALTIMORE,MD21212     		NONE PC COMMUNITY DEVELOPMENT: COVID-19 RESPONSE. 10,000
    JOB OPPORTUNITIES TASK FORCE
    201 N CHARLES ST SUITE 2404
    BALTIMORE,MD21201     		NONE PC COMMUNITY DEVELOPMENT: WORKFORCE DEVELOPMENT AND ADVOCACY. 30,000
    KIPP BALTIMORE
    2000 EDGEWOOD ST
    BALTIMORE,MD21216     		NONE PC EDUCATION: "KEEP CLIMBING" CAPITAL CAMPAIGN TO RELOCATE SCHOOL. 20,000
    KIPP BALTIMORE
    4701 GREENSPRING AVENUE
    BALTIMORE,MD21209     		NONE PC EDUCATION: "KIPP THROUGH COLLEGE" MENTORING OF GRAUDATES. 20,000
    KORDA INSTITUTE FOR TEACHING
    PO BOX 6058
    CLEVELAND,OH44101     		NONE PC ECUCATION: PROMOTING INNOVATIVE PROJECT-BASED TEACHING AND LEARNING. 5,000
    LEAGUE OF CONSERVATION VOTERS EDUCATION FUND
    30 WEST STREET SUITE C
    ANNAPOLIS,MD21401     		NONE PC ENVIRONMENT: PUBLIC AWARENESS OF CONSERVATION POLICIES. 15,000
    LEVELING THE PLAYING FIELD
    1794 UNION AVE
    BALTIMORE,MD21211     		NONE PC COMMUNITY DEVELOPMENT: COLLECTING AND DISTRIBUTING USED ATHLETIC EQUIPMENT TO SCHOOLS, LEAGUES, AND FAMILIES. 20,000
    LIBERTY ELEMENTARY SCHOOL
    3901 MAINE AVENUE
    BALTIMORE,MD21207     		NONE PC EDUCATION: SUMMER LEARNING - LIBERTY ELEMENTARY SUMMER ACADEMY. 25,000
    LITERACY LAB
    1400 16TH ST NW SUITE 410
    WASHINGTON,DC20036     		NONE PC EDUCATION: LITERACY TUTORING IN BALTIMORE PUBLIC SCHOOLS. 35,000
    MARYLAND FOOD BANK
    2200 HALETHORPE FARMS ROAD
    BALTIMORE,MD21227     		NONE PC COMMUNITY DEVELOPMENT: COVID-19 RESPONSE. 50,000
    MARYLAND NONPROFITS
    1500 UNION AVE 2500
    BALTIMORE,MD21227     		NONE PC COMMUNITY DEVELOPMENT: COVID-19 RESPONSE. 15,000
    MARYLAND PHILANTHROPY NETWORK
    1600 W 41ST ST SUITE 700
    BALTIMORE,MD21211     		NONE PC COMMUNITY DEVELOPMENT: EDUCATIONAL PROGRAMS AND PROMOTING "BEST PRACTICES" FOR MARYLAND FOUNDATIONS. 6,050
    MARYLAND PHILANTHROPY NETWORK
    1600 W 41ST ST SUITE 700
    BALTIMORE,MD21211     		NONE PC COMMUNITY DEVELOPMENT: CAPITAL CAMPAIGN TO RELOCATE OFFICE. 8,000
    MAYOR'S OFFICE OF IMMIGRANT AFFAIRS
    100 N HOLLIDAY CITY HALL SUITE 336
    BALTIMORE,MD21202     		NONE PC COMMUNITY DEVELOPMENT: COVID-19 RESPONSE. 10,000
    MENTORING MENTORS
    PO BOX 67021
    BALTIMORE,MD21214     		NONE PC COMMUNITY DEVELOPMENT: COVID-19 RESPONSE. 10,000
    MENTORING MENTORS
    PO BOX 67021
    BALTIMORE,MD21214     		NONE PC EDUCATION: MENTORING PROGRAM IN WEST BALTIMORE. 10,000
    MIDDLE GRADES PARTNERSHIP
    1500 UNION AVENUE SUITE 1320
    BALTIMORE,MD21211     		NONE PC EDUCATION: SUMMER LEARNING-SUMMER PROGRAM FOR BALTIMORE MIDDLE GRADERS. 35,000
    MK FOUNDATION
    943 N CALVERT ST
    BALTIMORE,MD21202     		NONE PC COMMUNITY DEVELOPMENT: COVID-19 RESPONSE. 10,000
    NEIGHBORHOOD DESIGN CENTER
    120 W NORTH AVENUE SUITE 306
    BALTIMORE,MD21223     		NONE PC COMMUNITY DEVELOPMENT: TO SUPPORT "COMMUNITY DESIGN WORK" IN BALTIMORE CITY. 15,000
    NEW LEADERS
    30 WEST 26TH ST 10TH FLOOR
    NEW YORK,NY10010     		NONE PC EDUCATION: RECRUIT, TRAIN AND SUPPORT NEW PRINCIPALS OF BALTIMORE PUBLIC SCHOOLS. 45,000
    NEXT ONE UP FOUNDATION INC
    PO BOX 22503
    BALTIMORE,MD21203     		NONE PC EDUCATION: TUTORING AND MENTORING BALTIMORE HIGH SCHOOL STUDENTS. 20,000
    NO BOUNDARIES COALITION
    1808 PENNSYLVANIA AVENUE
    BALTIMORE,MD21217     		NONE PC COMMUNITY DEVELOPMENT: GRASSROOTS COMMUNITY DEVELOPMENT IN WEST BALTIMORE. 15,000
    OUTCAST FOOD NETWORK
    8205 ROCKDALE AVE
    BALTIMORE,MD21244     		NONE PC COMMUNITY DEVELOPMENT: COVID-19 RESPONSE. 10,000
    PARTS OF PEACE
    LANGSTON HUGHES COMMUNITY CENTER
    5011 ARBUTUS AVE
    BALTIMORE,MD21215     		NONE PC COMMUNITY DEVELOPMENT: COVID-19 RESPONSE. 8,700
    PIGTOWN MAIN STREET
    763 WASHINGTON BLVD
    BALTIMORE,MD21230     		NONE PC COMMUNITY DEVELOPMENT: "MAIN STREET" PROGRAM IN PIGTOWN NEIGHBORHOOD, BALTIMORE. 25,000
    PLAY ON PURPOSE INC
    2502 HARFORD ROAD SUITE B
    BALTIMORE,MD21218     		NONE PC EDUCATION: SUMMER LEARNING-SPORTS AND STUDIES. 15,000
    READING PARTNERS
    1500 UNION AVENUE SUITE 2200
    BALTIMORE,MD21211     		NONE PC EDUCATION: READING TUTORS IN BALTIMORE PUBLIC SCHOOLS. 15,000
    REFUGEE WAY OF THE CROSS CHURCH
    4302 YORK RD
    BALTIMORE,MD21212     		NONE PC COMMUNITY DEVELOPMENT: COVID-19 RESPONSE. 10,000
    ROMAN CATHOLIC ARCHDIOCESE BALTIMORE
    320 CATHERDRAL ST
    BALTIMORE,MD21201     		NONE PC EDUCATION: "PARTNERS IN EXCELLENCE" SUPPORT OF INNER-CITY CATHOLIC ELEMENTARY SCHOOLS. 60,000
    SAVE THE SOUND
    900 CHAPEL ST SUITE 2202
    NEW HAVEN,CT06510     		NONE PC ENVIRONMENT: TO SUPPORT THE WORK OF THE CLIMATE TASK FORCE. 12,000
    SOUTHEAST COMMUNITY DEVELOPMENT CORPORATION
    3323 EASTERN AVE SUTIE 200
    BALTIMORE,MD21224     		NONE PC COMMUNITY DEVELOPMENT: COVID-19 RESPONSE. 10,000
    SOUTHWEST BALTIMORE CHARTER SCHOOL
    1300 HERKIMER ST
    BALTIMORE,MD21223     		NONE PC EDUCATION: PURCHASE OF PHONICS CURRICULUM. 12,000
    ST JOHN'S EPISCOPAL CHURCH
    679 FARMINGTON AVENUE
    WEST HARTFORD,CT06119     		NONE PC GENERAL SUPPORT. 12,000
    ST VINCENT DE PAUL OF BALTIMORE
    2305 N CHARLES STREET SUITE 300
    BALTIMORE,MD21218     		NONE PC EDUCATION: SUMMER LEARNING - CAMP ST. VINCENT FOR HOMELESS AND FOSTER CHILDREN. 15,000
    STRONG CITY BALTIMORE
    2101 E BIDDLE ST SUITE 1100
    BALTIMORE,MD21213     		NONE PC COMMUNITY DEVELOPMENT: SUPPORT OF THE 29TH STREET COMMUNITY CENTER. 10,000
    STRONG SCHOOLS MARYLAND
    800 NORTH CHARLES STREET SUITE 400
    BALTIMORE,MD21201     		NONE PC EDUCATION: ADVOCATING FOR ADEQUATE STATE FUNDING OF PUBLIC EDUCATION. 20,000
    TALMUDICAL ACADEMY
    4445 OLD COURT RD
    BALTIMORE,MD21208     		NONE PC ENVIRONMENT: SOLAR SYSTEM TO PROMOTE CLEAN ENERGY. 147,029
    TEACH FOR AMERICA - BALTIMORE
    2601 NORTH HOWARD STREET SUITE 300
    BALTIMORE,MD21218     		NONE PC EDUCATION: SUPPORT RECRUITMENT, TRAINING, AND MENTORING OF BALTIMORE CORPS OF TEACH FOR AMERICA. 55,000
    THE SALVATION ARMY
    814 LIGHT STREET
    BALTIMORE,MD21230     		NONE PC GENERAL SUPPORT. 10,000
    THREAD
    PO BOX 1584
    BALTIMORE,MD21203     		NONE PC EDUCATION: TUTORING AND MENTORING PROGRAM IN BALTIMORE PUBLIC SCHOOLS. 30,000
    UNION OF CONCERNED SCIENTISTS
    TWO BRATTLE SQUARE
    CAMBRIDGE,MA02138     		NONE PC ENVIRONMENT: WORK ON ISSUES AROUND CLIMATE CHANGE. 25,000
    UPTON PLANNING COMMITTEE INC
    828 N CARROLTON AVE
    BALTIMORE,MD21217     		NONE PC COMMUNITY DEVELOPMENT: COVID-19 RESPONSE. 10,000
    URBAN TEACHERS
    1800 WASHINGTON BOULEVARD SUITE 411
    BALTIMORE,MD21230     		NONE PC EDUCATION: RECRUITMENT, TRAINING, AND SUPPORT OF TEACHERS IN BALTIMORE PUBLIC SCHOOLS (ALTERNATIVE CERTIFICATION). 30,000
    VILLAGE LEARNING PLACE
    2521 SAINT PAUL ST
    BALTIMORE,MD21218     		NONE PC EDUCATION: "LINK" AFTER-SCHOOL AND SUMMER LEARNING PROGRAMS FOR CHARLES VILLAGE/BARCLAY YOUTH. 20,000
    YOUNG AUDIENCES OF MARYLAND
    2600 N HOWARD STREET SUITE 1300
    BALTIMORE,MD21218     		NONE PC EDUCATION: SUMMER LEARNING-SUMMER ARTS & LEARNING ACADEMY. 15,000
    YOUNG AUDIENCES OF MARYLAND
    2600 N HOWARD STREET SUITE 1300
    BALTIMORE,MD21218     		NONE PC EDUCATION: PRINCIPAL AND TEACHER FELLOWSHIP PROGRAM FOR ARTS INTEGRATION. 20,000
    Total .................................bullet 3a 1,827,229
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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....     14 816,093  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -191,965  
    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).. 0 624,128 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    624,128
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    LOCKHART VAUGHAN FOUNDATION
    EIN:
    52-1693184
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 8,138 4,069   4,069

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    LOCKHART VAUGHAN FOUNDATION
    EIN:
    52-1693184
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ACADIA HEALTHCARE 5.625% 31,509 31,116
    ALBERTSONS COMP 5.75% 6,195 6,180
    ALBERTSONS COS L 5.75% 25,537 24,690
    ALLEGHANY TECHNO 5.95% 11,015 10,913
    BERRY GLOBAL 5.125% 30,894 30,403
    BLUE CUBE SPINCO 6,284 4,100
    CDK GLOBAL, INC. 5.875% 31,946 31,350
    CDW CORP 4.125% 31,726 31,313
    CENTENE CORP 30,417 30,713
    CF INDUSTRIES 3.45% 30,991 31,350
    CINEMARK USA, INC. 5.125% 24,230 22,425
    CITICASTERS, INC. 8.375% 16,782 16,013
    CLEARWAY ENERGY 31,663 31,500
    COMMERICAL METAL 21,473 20,700
    FELCOR LODGING LIMI 6% 16,258 16,200
    FIREEYE, INC. 1.625% 30,568 30,425
    GRAPHIC PACKAGING 31,770 31,000
    ICAHN ENTERPRISE 6.25% 32,413 31,116
    LAMAR ADVERTISING 5.75% 31,467 30,938
    LEVEL 3 FINANCING 5.375% 31,746 30,750
    LEVI STRAUSS & CO 5% 31,210 30,713
    M/I HOMES, INC. 5.625% 15,617 15,563
    MGM RESORTS 23,644 21,300
    MPT OPERATING P 5% 31,030 30,849
    SBA COMMUNICATIONS 30,568 30,300
    SILGAN HOLDINGS 30,705 30,450
    SPECTRUM BRANDS 31,152 30,938
    TELEFLEX INC. 4.875% 31,432 31,013
    TEMPUR SEALY 5.5% 15,941 15,544
    TEMPUR SEALY 5.625% 17,826 17,259
    TENNANT CO 32,608 32,163
    THE ADT SECURITY 3.5% 30,863 30,675
    T-MOBILE USA, INC. 4.5% 31,259 30,638
    VIDEOTRON, LTD 31,388 31,500
    WESCO DISTRIBUTORS 41,166 40,050
    YUM! BRANDS, INC. 3.875% 30,475 30,300

    TY 2020 InvestmentsOtherSchedule2
    Name:
    LOCKHART VAUGHAN FOUNDATION
    EIN:
    52-1693184
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DOUBLELINE CORE FIXED AT COST 1,799,249 1,893,439
    HARDING LOEVNER INTERNATIONAL COST AT COST 1,307,067 3,163,587
    SEAFARER OVERSEAS GROWTH COST AT COST 865,916 1,077,345
    T ROWE PRICE CAP APPR FD COST AT COST 6,666,487 7,983,865
    TEMPLETON GLOBAL COST AT COST 1,203,708 888,683
    VANGUARD TOTAL BOND COST AT COST 1,443,065 1,588,646
    VANGUARD TOTAL INTL STOCK AT COST 2,392,000 3,095,838
    VANGUARD TOTAL STOCK MKT COST AT COST 10,496,846 18,042,482
    WESTERN ASSET CORE BOND FD COST AT COST 1,792,590 1,912,483

    TY 2020 OtherExpensesSchedule
    Name:
    LOCKHART VAUGHAN FOUNDATION
    EIN:
    52-1693184
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK SERVICE FEES 4 0   4
    COMPUTER SOFTWARE 49 0   49
    DUES 1,780 0   1,780
    EMPLOYEE PARKING 862 0   862
    INSURANCE 4,588 0   4,588
    INTERNET 1,924 0   1,924
    MISCELLANEOUS 6,614 0   6,614
    POSTAGE 297 0   297
    SUPPLIES 369 0   369
    TELEPHONE 530 0   530


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    LOCKHART VAUGHAN FOUNDATION
    EIN:
    52-1693184
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT CONSULTING FEES 39,900 39,900   0
    INVESTMENT CONSULTING FEES 7,240 7,240   0


    TY 2020 TaxesSchedule
    Name:
    LOCKHART VAUGHAN FOUNDATION
    EIN:
    52-1693184
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAXES 25,535 0   0
    PAYROLL TAX 461 0   461