UD SETH SPRAGUE EDUC & CHAR FDN — Form 990PF, tax year 2020

View UD SETH SPRAGUE EDUC & CHAR FDN on 990iQ →
Form990-PF
Click to see attachment

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
UD SETH SPRAGUE EDUC & CHAR FDN
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1802
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PROVIDENCE, RI029011802
A Employer identification number

13-6071886
B Telephone number (see instructions)

(888) 866-3275
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$104,061,694J 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... 1,424,430 1,424,413  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,561,952
b Gross sales price for all assets on line 6a 19,023,813
7 Capital gain net income (from Part IV, line 2)... 1,561,952
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 2,986,382 2,986,365  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 342,159 132,730   209,429
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 4,502 2,701   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 25,986 3,886   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 10,175     10,175
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 382,822 139,317 0 219,604
25 Contributions, gifts, grants paid....... 4,380,000 4,380,000
26 Total expenses and disbursements. Add lines 24 and 25 4,762,822 139,317 0 4,599,604
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,776,440
b Net investment income (if negative, enter -0-) 2,847,048
c Adjusted net income (if negative, enter -0-)... 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.............      
2 Savings and temporary cash investments......... 6,548,803 6,603,739 6,603,739
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,572,185    
b Investments—corporate stock (attach schedule)....... 30,625,246 Click to see attachment33,925,673 87,490,088
c Investments—corporate bonds (attach schedule)....... 12,935,599 Click to see attachment2,507,464 2,519,450
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment6,859,398 7,448,417
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) 51,681,833 49,896,274 104,061,694
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
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........ 51,681,833 49,896,274
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 51,681,833 49,896,274
30 Total liabilities and net assets/fund balances (see instructions). 51,681,833 49,896,274
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
51,681,833
2
Enter amount from Part I, line 27a .....................
2
-1,776,440
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
7,987
4
Add lines 1, 2, and 3 ..........................
4
49,913,380
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
17,106
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
49,896,274
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 19000. AES CORP UNSECD SR NT CALL 04/15/20 @102.750   2020-10-28 2020-12-07
b 47. ALABAMA PWR CO PFD 5.00% SER A   2020-08-28 2020-11-13
c 40. ALABAMA PWR CO PFD 5.00% SER A   2020-08-19 2020-11-13
d 48. ALABAMA PWR CO PFD 5.00% SER A   2020-08-19 2020-12-29
e 13. ALABAMA PWR CO PFD 5.00% SER A   2020-08-19 2020-12-30
78. ALABAMA PWR CO PFD 5.00% SER A   2020-08-03 2020-12-30
55. ALABAMA PWR CO PFD 5.00% SER A   2020-08-03 2020-12-31
61. ALLSTATE CORP PFD SER G 5.625%   2020-08-28 2020-11-13
60. AMAZON COM INC   2014-08-19 2020-08-31
40. AMAZON COM INC   2014-08-19 2020-09-01
85. AMAZON COM INC   2014-08-19 2020-09-09
1000000. AMERICAN EXPRESS CR CORPSUER SR UNSECD MTN CALL 4/25/20 @100   2018-03-26 2020-04-27
1110. APPLE INC COM   2014-08-19 2020-09-01
2865. APPLE INC COM   2014-08-19 2020-09-09
1000000. APPLE INC SR UNSECD NT   2016-12-08 2020-05-06
1000000. BP CAP MKTS P L C UNSECD SR GLBL NT UNITED KINGDOM   2018-05-17 2020-01-15
190. CAPITAL ONE FINL CORP PFRD DEPOSITARY SHS REPSTG   2020-08-03 2020-12-01
49. CAPITAL ONE FINL CORP PFRD DEPOSITARY SHS REPSTG   2020-08-28 2020-12-01
94. CAPITAL ONE FINL CORP PFRD DEPOSITARY SHS REPSTG   2020-08-19 2020-12-01
3000. CENTENE CORP DEL UNSECD SR NT C1/15/20 @103.563   2020-10-30 2020-11-09
1000000. CITIGROUP INC SR NT UNSECD   2016-12-08 2020-02-18
14. ENTERGY MISS LLC PFD 1ST MTG BD 4.900%   2020-08-28 2020-11-13
22. ENTERGY MISS LLC PFD 1ST MTG BD 4.900%   2020-08-28 2020-11-16
7. ENTERGY MISS LLC PFD 1ST MTG BD 4.900%   2020-08-28 2020-11-17
6. ENTERGY MISS LLC PFD 1ST MTG BD 4.900%   2020-08-28 2020-11-18
15. ENTERGY MISS LLC PFD 1ST MTG BD 4.900%   2020-08-28 2020-11-19
14. ENTERGY MISS LLC PFD 1ST MTG BD 4.900%   2020-08-28 2020-11-20
7. ENTERGY MISS LLC PFD 1ST MTG BD 4.900%   2020-08-28 2020-11-23
7. ENTERGY MISS LLC PFD 1ST MTG BD 4.900%   2020-08-28 2020-11-24
2. ENTERGY MISS LLC PFD 1ST MTG BD 4.900%   2020-08-28 2020-11-25
2. ENTERGY MISS LLC PFD 1ST MTG BD 4.900%   2020-08-28 2020-11-27
3. ENTERGY MISS LLC PFD 1ST MTG BD 4.900%   2020-08-28 2020-11-30
14. ENTERGY MISS LLC PFD 1ST MTG BD 4.900%   2020-08-19 2020-11-30
8. ENTERGY MISS LLC PFD 1ST MTG BD 4.900%   2020-08-19 2020-12-01
36. ENTERGY MISS LLC PFD 1ST MTG BD 4.900%   2020-08-19 2020-12-02
28. ENTERGY NEW ORLEANS LLC PFD 5.500%   2020-08-28 2020-12-31
19000. GENERAL MTRS FINL CO INC UNSECD SR NT C9/7/24 @100   2020-10-30 2020-12-15
1000000. GOLDMAN SACHS GROUP INC UNSECD SR NT CALL 12/27/19 @100   2018-03-26 2020-12-27
89. GOLDMAN SACHS GROUP INC PFD 6.300% SER N   2020-08-19 2020-11-13
1500000. HSBC USA INC NEW SR UNSECD NT   2018-09-21 2020-08-07
64. HARTFORD FINL SVCS GROUP INC DEL JR SUB DEB FIXED TO FLTG PFD   2020-08-03 2020-11-13
2000. HILTON WORLDWIDE FIN LLC / HILTON WORLDWIDE FIN CORP UNSECD   2020-11-03 2020-12-02
10000. HILTON WORLDWIDE FIN LLC / HILTON WORLDWIDE FIN CORP UNSECD   2020-10-26 2020-12-02
9000. HUNTSMAN INTL LLC UNSECD SR NT C2/1/29 @100   2020-10-22 2020-12-09
1000000. JPMORGAN CHASE & CO SR UNSCED NT   2010-11-16 2020-10-15
1000000. JPMORGAN CHASE & CO SR UNSECD NT CALL 9/29/20 @100   2016-12-08 2020-09-29
1000000. JP MORGAN CHASE BK NA UNSECD GLOBAL SR BK NT C4/26/20 @100   2020-01-31 2020-04-27
2000000. JP MORGAN CHASE BK NA UNSECD GLOBAL SR BK NT C4/26/20 @100   2020-02-05 2020-04-27
72. JPMORGAN CHASE & CO PFD 6.10% REPSTG A 1/400TH   2020-08-19 2020-11-13
40. JPMORGAN CHASE & CO PFD 6.10% REPSTG A 1/400TH   2020-08-28 2020-11-13
148. JPMORGAN CHASE & CO PFD 6.10% REPSTG A 1/400TH   2020-08-03 2020-11-13
3000. LAS VEGAS SANDS CORP UNSECD SR NT CALL 7/8/24 @100   2020-11-25 2020-12-03
3000. LAS VEGAS SANDS CORP UNSECD SR NT CALL 7/8/24 @100   2020-11-25 2020-12-04
10000. LAS VEGAS SANDS CORP UNSECD SR NT CALL 7/8/24 @100   2020-11-25 2020-12-07
9000. LEAR CORP UNSECD SR NT C11/15/48 @100   2020-11-19 2020-12-07
8000. LEAR CORP UNSECD SR NT C11/15/48 @100   2020-11-19 2020-12-08
11000. LENNAR CORP SR UNSECD NT CALL 02/28/25 @100   2020-11-18 2020-12-11
7000. LENNAR CORP SR UNSECD NT CALL 02/28/25 @100   2020-10-27 2020-12-11
9000. LENNAR CORP UNSECS SR NT C05/15/24 @100   2020-10-21 2020-12-14
480. MASTERCARD INC CL A COM   2009-07-29 2020-08-31
195. MASTERCARD INC CL A COM   2009-07-29 2020-09-01
555. MASTERCARD INC CL A COM   2009-07-29 2020-09-09
11. NEXTERA ENERGY CAP HLDGS INC JR SUB DEB SER K PFD 5.250%   2020-08-03 2020-11-13
31. NEXTERA ENERGY CAP HLDGS INC JR SUB DEB SER K PFD 5.250%   2020-08-03 2020-11-16
12. NEXTERA ENERGY CAP HLDGS INC JR SUB DEB SER K PFD 5.250%   2020-08-03 2020-11-17
5. NEXTERA ENERGY CAP HLDGS INC JR SUB DEB SER K PFD 5.250%   2020-08-03 2020-11-18
8. NEXTERA ENERGY CAP HLDGS INC JR SUB DEB SER K PFD 5.250%   2020-08-03 2020-11-19
1000000. PEPSICO INC SR UNSECD NT   2018-10-15 2020-11-01
18000. PULTEGROUP INC UNSECD SR NT CALL 12/1/25 @100   2020-11-04 2020-12-10
4000. PULTEGROUP INC UNSECD SR NT CALL 10/15/26 @100   2020-11-10 2020-12-02
5000. PULTEGROUP INC UNSECD SR NT CALL 10/15/26 @100   2020-11-10 2020-12-03
8000. PULTEGROUP INC UNSECD SR NT CALL 10/15/26 @100   2020-11-10 2020-12-04
1044000. RAYTHEON CO SR UNSECD NT   2018-05-23 2020-10-15
456000. RAYTHEON CO SR UNSECD NT   2018-05-24 2020-10-15
.45 RAYTHEON TECHNOLOGIES CORP COM   2017-02-13 2020-05-29
43. SCHWAB CHARLES CORP NEW PRFD 6.0% SER C   2020-08-03 2020-11-04
52. SCHWAB CHARLES CORP NEW PRFD 6.0% SER C   2020-08-03 2020-11-05
74. SCHWAB CHARLES CORP NEW PRFD 6.0% SER C   2020-08-03 2020-11-06
71. SCHWAB CHARLES CORP NEW PRFD 6.0% SER C   2020-08-03 2020-11-09
182. SCHWAB CHARLES CORP NEW PRFD 6.0% SER C   2020-08-03 2020-11-10
79. SCHWAB CHARLES CORP NEW PRFD 6.0% SER C   2020-08-03 2020-11-11
234. SCHWAB CHARLES CORP NEW PRFD 6.0% SER C   2020-08-03 2020-11-13
8. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-08-19 2020-08-21
19. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-08-19 2020-08-24
25. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-08-19 2020-08-25
28. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-08-19 2020-08-26
18. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-08-19 2020-08-27
18. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-07-26 2020-08-28
18. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-08-19 2020-08-28
18. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-07-01 2020-08-31
15. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-07-25 2020-08-31
18. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-06-03 2020-09-01
15. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-06-27 2020-09-01
3. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-07-25 2020-09-01
48. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-08-19 2020-09-01
18. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-05-05 2020-11-04
7. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-05-29 2020-11-05
8. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-05-29 2020-11-06
3. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-06-26 2020-11-06
48. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-07-21 2020-11-06
93. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-08-19 2020-11-09
74. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-08-19 2020-11-10
32. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-08-19 2020-11-13
33. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-08-19 2020-11-16
28. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-07-27 2020-11-16
19. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-07-29 2020-11-16
8. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-08-01 2020-11-16
25. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-07-28 2020-11-16
26. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-08-03 2020-11-16
58. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-08-03 2020-11-17
15. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-08-03 2020-11-18
70. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-08-03 2020-11-19
21. TRUIST FINL CORP PFD 5.200% SER G DEP SHS   2020-08-03 2020-11-20
621000. UNITEDHEALTH GROUP INC SR UNSECD NT   2018-03-26 2020-07-15
379000. UNITEDHEALTH GROUP INC SR UNSECD NT   2018-03-26 2020-07-15
57. WELLS FARGO & CO NEW PFD 6.625%   2020-08-19 2020-11-13
87. WELLS FARGO & CO NEW PFD DEP SHS REPSTG 1/1000TH INT   2020-08-19 2020-11-13
1000000. WELLS FARGO & CO NEW SR UNSECD MEDIUM TERM SR NT   2016-12-09 2020-01-30
1065. ZOETIS INC CL A COM   2014-11-21 2020-09-09
4610. LYONDELLBASELL INDUSTRIES NV CL A COM   2013-07-10 2020-03-18
10390. LYONDELLBASELL INDUSTRIES NV CL A COM   2013-03-20 2020-03-18
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN 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 19,580   19,520 60
b 1,309   1,313 -4
c 1,114   1,101 13
d 1,365   1,322 43
e 369   358 11
2,211   2,088 123
1,550   1,473 77
1,701   1,727 -26
208,566   20,123 188,443
139,618   13,415 126,203
279,688   28,508 251,180
1,000,000   985,210 14,790
148,134   27,921 120,213
338,695   72,067 266,628
1,000,000   1,000,000  
1,000,000   994,410 5,590
4,750   4,867 -117
1,225   1,249 -24
2,350   2,389 -39
3,102   3,086 16
1,000,000   999,890 110
371   383 -12
584   602 -18
187   191 -4
159   164 -5
398   410 -12
370   383 -13
185   191 -6
185   191 -6
53   55 -2
52   55 -3
79   82 -3
367   373 -6
210   213 -3
946   960 -14
718   766 -48
20,457   20,124 333
1,000,000   985,890 14,110
2,325   2,348 -23
1,500,000   1,487,715 12,285
1,767   1,822 -55
2,046   2,030 16
10,231   10,147 84
10,370   10,211 159
1,000,000   984,720 15,280
1,000,000   1,000,085 -85
1,000,000   1,002,510 -2,510
2,000,000   2,004,846 -4,846
1,833   1,857 -24
1,018   1,024 -6
3,768   3,756 12
3,143   3,127 16
3,143   3,126 17
10,480   10,421 59
10,935   10,820 115
9,760   9,618 142
12,513   12,468 45
7,963   7,716 247
10,395   10,205 190
171,885   8,930 162,955
69,045   3,628 65,417
188,809   10,325 178,484
288   289 -1
809   815 -6
312   315 -3
130   131 -1
208   210 -2
1,000,000   1,000,000  
21,400   20,878 522
4,715   4,634 81
5,875   5,792 83
9,380   9,267 113
1,044,000   1,044,000  
456,000   456,000  
31   29 2
1,093   1,108 -15
1,322   1,340 -18
1,879   1,907 -28
1,805   1,830 -25
4,624   4,691 -67
2,007   2,036 -29
5,910   6,031 -121
204   204  
484   485 -1
638   639 -1
713   715 -2
458   460 -2
456   460 -4
456   460 -4
455   462 -7
379   385 -6
456   465 -9
380   387 -7
76   77 -1
1,217   1,226 -9
460   467 -7
179   182 -3
204   208 -4
77   77  
1,224   1,231 -7
2,368   2,375 -7
1,884   1,890 -6
811   817 -6
837   843 -6
711   715 -4
482   485 -3
203   204 -1
634   637 -3
660   662 -2
1,470   1,477 -7
380   382 -2
1,772   1,783 -11
532   535 -3
621,000   617,876 3,124
379,000   377,169 1,831
1,610   1,584 26
2,262   2,263 -1
1,000,000   997,670 2,330
170,356   46,457 123,899
175,036   319,791 -144,755
394,494   676,707 -282,213
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
      491,098
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       60
b       -4
c       13
d       43
e       11
      123
      77
      -26
      188,443
      126,203
      251,180
      14,790
      120,213
      266,628
       
      5,590
      -117
      -24
      -39
      16
      110
      -12
      -18
      -4
      -5
      -12
      -13
      -6
      -6
      -2
      -3
      -3
      -6
      -3
      -14
      -48
      333
      14,110
      -23
      12,285
      -55
      16
      84
      159
      15,280
      -85
      -2,510
      -4,846
      -24
      -6
      12
      16
      17
      59
      115
      142
      45
      247
      190
      162,955
      65,417
      178,484
      -1
      -6
      -3
      -1
      -2
       
      522
      81
      83
      113
       
       
      2
      -15
      -18
      -28
      -25
      -67
      -29
      -121
       
      -1
      -1
      -2
      -2
      -4
      -4
      -7
      -6
      -9
      -7
      -1
      -9
      -7
      -3
      -4
       
      -7
      -7
      -6
      -6
      -6
      -4
      -3
      -1
      -3
      -2
      -7
      -2
      -11
      -3
      3,124
      1,831
      26
      -1
      2,330
      123,899
      -144,755
      -282,213
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 1,561,952
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 39,574
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 39,574
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 39,574
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 34,029
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 34,029
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 5,545
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletNY
    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 addressbullet  
    14
    The books are in care ofbulletBANK OF AMERICA NA Telephone no.bullet (888) 866-3275

    Located atbulletPO BOX 1802PROVIDENCERI ZIP+4bullet029011802
    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
    BANK OF AMERICA N A CO-TRUSTEE
    1     		100,272    
    114 W 47TH STREET NY8-114-07-07
    NEW YORK,NY10036
    PATRICIA M DUNNINGTON CO-TRUSTEE
    16     		80,629    
    14 SUTTON PL S APT 9A
    NEW YORK,NY100223071
    IRENE de WATTEVILLE CO-TRUSTEE
    18     		80,629    
    749 N GRANADOS AVE
    SOLANA BEACH,CA927051220
    REBECCA CLAPP CO-TRUSTEE
    15     		80,629    
    5 ROCKPORT WOODS
    ROCKPORT,ME048565715
    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.........................bullet  
    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
    86,836,990
    b
    Average of monthly cash balances.......................
    1b
    6,726,865
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    93,563,855
    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
    93,563,855
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,403,458
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    92,160,397
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,608,020
    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
    4,608,020
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    39,574
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    39,574
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,568,446
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,568,446
    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
    4,568,446
    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
    4,599,604
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,599,604
    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
    4,599,604
    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 4,568,446
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 691,232
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 4,599,604
    a Applied to 2019, but not more than line 2a 691,232
    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..... 3,908,372
    e Remaining amount distributed out of corpus 0
    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 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 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 ..........     		660,074
    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) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    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).)
    NA
    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.
    NA
    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:
    Christine O'Donnell
    c/o BAC 114W 47th St
    New York,NY10036
    (646) 855-1011
    christine.l.o'donnell@bofat.com
    bThe form in which applications should be submitted and information and materials they should include:
    None
    cAny submission deadlines:
    April 1 and September 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    None
    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
    VARIOUS CHARITABLE ORGS
    SEE ATTACHED SCHEDULE
    BANK OF AMERICA NA
    NEW YORK,NY10036     		N/A PC CONTRIBUTION TO TAX EXEMPT 4,380,000
    Total .................................bullet 3a 4,380,000
    bApproved for future payment
    Total .................................bullet 3b  
    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 1,424,430  
    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 1,561,952  
    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)..   2,986,382  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,986,382
    (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 GeneralExplanationAttachment
    Name:
    UD SETH SPRAGUE EDUC & CHAR FDN
    EIN:
    13-6071886
    Identifier Return Reference Explanation
    FEDERAL FOOTNOTE PART VIII LIST OF OFFICERS AND DIRECTORS THE COMPENSATION SHOWN ON THE RETURN THAT IS PAID TO BANK OF AMERICA, N.A. AS CORPORATE TRUSTEE IS NOT CALCULATED BASED UPON AN HOURLY RATE FOR THE TIME SPENT BY THE TRUSTEE; RATHER, BANK OF AMERICA'S COMPENSATION AS CORPORATE TRUSTEE IS CALCULATED USING A MARKET VALUE FEE SCHEDULE. THE TRUST OFFICER'S TIME SPENT PERFORMING ADMINISTRATIVE RESPONSIBILITIES FOR THIS FOUNDATION AVERAGES ONE HOUR PER WEEK. IN ADDITION, TIME IS SPENT BY OTHER STAFF MEMBERS FOR RECORDKEEPING, INVESTMENT MANAGEMENT, INCOME COLLECTION, RENDERING STATEMENTS AND ACCOUNTINGS, REGULATORY REPORTING, REGULATORY COMPLIANCE, AND TAX SERVICES.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    UD SETH SPRAGUE EDUC & CHAR FDN
    EIN:
    13-6071886
    Name of Bond End of Year Book Value End of Year Fair Market Value
    010392DZ8 ALABAMA PWR CO SR NT    
    149123BQ3 CATERPILLAR INC NT    
    209111EK5 CONSOLIDATED EDISON    
    428236AS2 HEWLETT PACKARD CO S    
    438516AS5 HONEYWELL INTL INC S    
    46625HHU7 JPMORGAN CHASE & CO    
    617446HR3 MORGAN STANLEY NT    
    87612EAN6 TARGET CORP NT    
    913017BH1 UNITED TECHNOLOGIES    
    931142CT8 WAL-MART STORES INC    
    36203K7M0 GOVERNMENT NATL MTG    
    36206PSU5 GOVERNMENT NATL MTG    
    362152DM9 GOVERNMENT NATL MTG    
    0258M0DB2 AMERICAN EXPRESS CR    
    084670BA5 BERKSHIRE HATHAWAY I    
    46623EJH3 J P MORGAN CHASE & C    
    035242AG1 ANHEUSER-BUSCH INBEV    
    037833BD1 APPLE INC SR UNSECD    
    14912L6B2 CATERPILLAR FINL SVC    
    172967JJ1 CITIGROUP INC SR NT    
    46625HNX4 JPMORGAN CHASE & CO    
    94974BGF1 WELLS FARGO & CO NEW    
    0258M0DT3 AMERICAN EXPRESS CR    
    035242AJ5 ANHEUSER-BUSCH INBEV    
    36962G7M0 GENERAL ELEC CAP COR    
    38141GWG5 GOLDMAN SACHS GROUP    
    40428HPV8 HSBC USA INC NEW SR    
    713448BR8 PEPSICO INC SR UNSEC    
    755111BT7 RAYTHEON CO SR UNSEC    
    91324PCM2 UNITEDHEALTH GROUP I    
    05565QCT3 BP CAP MKTS P L C UN    
    172967KV2 CITIGROUP INC SR UNS 1,003,649 1,011,650
    38141GVU5 GOLDMAN SACHS GROUP 1,503,815 1,507,800

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    UD SETH SPRAGUE EDUC & CHAR FDN
    EIN:
    13-6071886
    Name of Stock End of Year Book Value End of Year Fair Market Value
    464286103 ISHARES INC MSCI AUS    
    464287234 ISHARES MSCI EMERGIN 909,074 1,587,819
    78462F103 SPDR S&P 500 ETF TR    
    46625H365 JPMORGAN ALERIAN MLP    
    03027X100 AMERICAN TOWER CORP    
    81369Y605 SELECT SECTOR SPDR T 652,460 1,189,665
    20825C104 CONOCOPHILLIPS COM    
    29250X103 ENBRIDGE ENERGY MGMT    
    30231G102 EXXON MOBIL CORP COM 15,705 242,580
    74005P104 PRAXAIR INC COM    
    149123101 CATERPILLAR INC COM    
    244199105 DEERE & CO COM    
    384802104 GRAINGER W W INC COM    
    445658107 HUNT J B TRANS SVCS    
    858912108 STERICYCLE INC COM    
    25470F104 DISCOVERY COMMUNICAT    
    437076102 HOME DEPOT INC COM 574,957 2,646,903
    716768106 PETSMART INC COM    
    824348106 SHERWIN WILLIAMS CO 454,504 2,241,476
    872540109 TJX COS INC NEW COM 185,937 808,554
    171340102 CHURCH & DWIGHT INC 650,248 2,657,898
    25243Q205 DIAGEO PLC SPONSORED    
    427866108 HERSHEY CO COM 866,946 2,126,527
    718172109 PHILIP MORRIS INTL I    
    015351109 ALEXION PHARMACEUTIC    
    071813109 BAXTER INTL INC COM    
    156782104 CERNER CORP COM    
    58155Q103 MCKESSON CORP COM    
    670100205 NOVO-NORDISK A S ADR    
    717081103 PFIZER INC COM    
    91324P102 UNITEDHEALTH GROUP I    
    91911K102 VALEANT PHARMACEUTIC    
    H0023R105 ACE LTD COM    
    902973304 US BANCORP DEL COM N    
    G1151C101 ACCENTURE PLC CL A C    
    037833100 APPLE INC COM 415,380 7,012,003
    278642103 EBAY INC COM    
    38259P508 GOOGLE INC CL A COM    
    57636Q104 MASTERCARD INC CL A 277,285 5,320,191
    68389X105 ORACLE CORP COM    
    693390700 PIMCO TOTAL RETURN F    
    693390841 PIMCO HIGH YIELD FD    
    N53745100 LYONDELLBASELL INDUS    
    34354P105 FLOWSERVE CORP COM    
    731068102 POLARIS INDS INC COM    
    741503403 PRICELINE GROUP INC    
    892356106 TRACTOR SUPPLY CO CO    
    90130A101 TWENTY-FIRST CENTY F    
    22160K105 COSTCO WHSL CORP NEW 672,899 2,411,392
    966837106 WHOLE FOODS MKT INC    
    375558103 GILEAD SCIENCES INC    
    75886F107 REGENERON PHARMACEUT 286,029 632,874
    025816109 AMERICAN EXPRESS CO    
    617446448 MORGAN STANLEY COM    
    675746309 OCWEN FINL CORP NEW    
    018581108 ALLIANCE DATA SYS CO    
    032095101 AMPHENOL CORP NEW CL 528,687 1,660,125
    79466L302 SALESFORCE COM INC C    
    277902698 EATON VANCE ATLANTA    
    032511107 ANADARKO PETE CORP C    
    26875P101 EOG RES INC COM 1,725,460 863,000
    235851102 DANAHER CORP DEL COM 780,326 2,904,481
    88579Y101 3M CO COM    
    907818108 UNION PAC CORP COM    
    911312106 UNITED PARCEL SVC IN 825,860 1,289,102
    911363109 UNITED RENTALS INC C    
    023135106 AMAZON COM INC COM 590,280 5,732,197
    053332102 AUTOZONE INC COM    
    855244109 STARBUCKS CORP COM 308,615 888,469
    98978V103 ZOETIS INC CL A COM 1,247,355 4,773,020
    01609W102 ALIBABA GROUP HLDG L    
    30303M102 FACEBOOK INC CL A CO 561,948 2,462,537
    31816Q101 FIREEYE INC COM    
    38259P706 GOOGLE INC COM CL C    
    594918104 MICROSOFT CORP COM 686,155 4,158,142
    92343V104 VERIZON COMMUNICATIO    
    258620103 DOUBLELINE TOTAL RET    
    922908751 VANGUARD SMALL-CAP E 2,215,830 3,314,427
    254687106 DISNEY WALT CO COM D    
    654106103 NIKE INC CL B    
    518439104 LAUDER ESTEE COS INC    
    G0177J108 ALLERGAN PLC COM    
    054937107 BB&T CORP COM    
    02079K107 ALPHABET INC CL C CO 603,735 4,672,264
    02079K305 ALPHABET INC CL A CO    
    464288513 ISHARES IBOXX $ HIGH    
    60871R209 MOLSON COORS BREWING    
    151020104 CELGENE CORP COM    
    45866F104 INTERCONTINENTAL EXC 1,374,875 2,838,440
    808513105 SCHWAB CHARLES CORP 1,150,014 2,104,892
    17275R102 CISCO SYS INC COM 834,432 1,245,840
    258620301 DOUBLELINE CORE FIXE    
    81369Y704 SELECT SECTOR SPDR T 574,082 781,897
    469814107 JACOBS ENGR GROUP IN 1,085,933 2,051,172
    755111507 RAYTHEON CO COM NEW    
    09857L108 BOOKING HLDGS INC CO 158,455 489,999
    478160104 JOHNSON & JOHNSON CO 1,367,530 1,709,934
    87918A105 TELADOC HEALTH INC C 602,299 2,252,549
    172967424 CITIGROUP INC NEW CO 783,110 701,074
    89832Q109 TRUIST FINL CORP COM 1,081,679 1,097,837
    92206C409 VANGUARD SHORT-TERM 4,528,329 4,562,100
    75513E101 RAYTHEON TECHNOLOGIE 1,078,095 1,189,569
    277902235 EATON VANCE ATLANTA 3,271,165 4,869,139

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    UD SETH SPRAGUE EDUC & CHAR FDN
    EIN:
    13-6071886
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

     
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2020 InvestmentsOtherSchedule2
    Name:
    UD SETH SPRAGUE EDUC & CHAR FDN
    EIN:
    13-6071886
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SEE ATTACHED AT COST 6,859,398 7,448,417

    TY 2020 OtherDecreasesSchedule
    Name:
    UD SETH SPRAGUE EDUC & CHAR FDN
    EIN:
    13-6071886
    Description Amount
    ROUNDING 12
    ACCD INTEREST 16,778
    TYE SALES ADJUSTMENT 163
    COST ADJUSTMENT 153


    TY 2020 OtherExpensesSchedule
    Name:
    UD SETH SPRAGUE EDUC & CHAR FDN
    EIN:
    13-6071886
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FILING FEE 1,500 0   1,500
    OTHER CHARITABLE EXPENSES 8,675 0   8,675


    TY 2020 OtherIncreasesSchedule
    Name:
    UD SETH SPRAGUE EDUC & CHAR FDN
    EIN:
    13-6071886
    Description Amount
    PRIOR YEAR INCOME ADJUSTMENT 7,987


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    UD SETH SPRAGUE EDUC & CHAR FDN
    EIN:
    13-6071886
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 4,502 2,701    


    TY 2020 TaxesSchedule
    Name:
    UD SETH SPRAGUE EDUC & CHAR FDN
    EIN:
    13-6071886
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX ESTIMATES 22,100 0   0
    FOREIGN TAXES ON QUALIFIED FOR 2,804 2,804   0
    FOREIGN TAXES ON NONQUALIFIED 1,082 1,082   0