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
Hart Family Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)907 Brooklawn Dr
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Boulder, CO80303
A Employer identification number

46-4249899
B Telephone number (see instructions)

(303) 229-4148
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$2,006,427J 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... 49,273 49,273 49,273
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,391
b Gross sales price for all assets on line 6a 1,465,834
7 Capital gain net income (from Part IV, line 2)... 16,451
8 Net short-term capital gain......... 1,086
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........ 55,664 65,724 50,359
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 1,500 1,500    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,295 1,295    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 18,958 18,958    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 21,753 21,753   0
25 Contributions, gifts, grants paid....... 97,500 97,500
26 Total expenses and disbursements. Add lines 24 and 25 119,253 21,753   97,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -63,589
b Net investment income (if negative, enter -0-) 43,971
c Adjusted net income (if negative, enter -0-)... 50,359
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............. 9,368 8,308 8,308
2 Savings and temporary cash investments......... 42,234 36,042 36,042
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) 189,868 Click to see attachment249,527 253,477
b Investments—corporate stock (attach schedule)....... 269,335 Click to see attachment284,194 430,950
c Investments—corporate bonds (attach schedule)....... 350,951 Click to see attachment226,627 241,317
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 954,754 Click to see attachment950,765 1,034,969
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment4,552 Click to see attachment2,010 Click to see attachment1,364
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,821,062 1,757,473 2,006,427
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 1,821,062 1,757,473
29 Total net assets or fund balances (see instructions)..... 1,821,062 1,757,473
30 Total liabilities and net assets/fund balances (see instructions). 1,821,062 1,757,473
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
1,821,062
2
Enter amount from Part I, line 27a .....................
2
-63,589
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
1,757,473
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,757,473
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 1419.814 Baird Inter Bond Fd P 2020-06-19 2020-11-16
b 2511.000 Barclays Bank PLC P 2020-03-19 2020-07-08
c 421.690 BNY Mellon Int Stock P 2020-09-28 2020-11-16
d 6769.703 Brandes Emerging Mkts P 2020-06-30 2020-12-03
e 1103.898 Cambriar Intl equity instl P 2020-03-31 2020-09-28
3978.000 Global X fds P 2019-11-22 2020-01-10
2031.735 Invesco Balanced Risk Comm Strategy P 2020-01-10 2020-03-19
396.000 ishares msci acwietf P 2019-11-22 2020-02-24
1783.000 IShares Core US Aggregate Bond ETF P 2020-05-21 2020-06-30
651 ISHARES 0-5 YEAR TIPS BOND P 2019-11-20 2020-01-10
1158.879 JPMORGAN mortgage back sec P 2020-01-01 2020-06-15
2804.259 Lord Abbett Invl Focused Bond P 2020-01-10 2020-03-24
.471 Raytheon Tech P 2020-01-01 2020-04-06
2525.406 Riverpark Floating Rate P 2020-01-01 2020-11-11
4010.144 Tortoise MLP & Pipeline P 2020-01-10 2020-12-17
19 Accenture PLC P 2017-02-03 2020-11-16
3057.296 Alphacentric Income Opportunites P 2018-04-02 2020-03-20
552.434 American Beaon Sim HY P 2017-02-03 2020-11-16
11 American Tower Corp REIT P 2018-01-22 2020-02-25
25 Amgen Inc. P 2017-02-03 2020-11-16
105 Apple Inc. P 2017-02-03 2020-01-14
40 Avery Dennison Corp P 2018-10-23 2020-11-16
269.601 blockrock event driven eqty P 2019-01-08 2020-03-31
10342.447 Brandes Emerging Mkts P 2019-01-08 2020-05-21
7775.143 Cambriar Intl equity instl P 2001-01-01 2020-09-28
19 CDW corp com P 2018-04-03 2020-02-27
91.000 chevron P 2017-02-03 2020-09-25
17 CME Group Inc P 2017-02-03 2020-02-27
1212.045 DFA japanese small co P 2001-01-01 2020-12-03
1105.129 DFA US Small Cap Portfolio P 2019-01-08 2020-12-03
30000 Disney Walt Co P 2017-02-10 2020-04-01
2807.151 Evermore global Value P 2019-01-08 2020-03-30
1767.868 Fidelity Real Estate Index P 2001-01-01 2020-12-17
1278.570 Hartford Fds Floating Rate I P 2017-02-03 2020-06-19
37 Illinois Tool Works P 2017-02-03 2020-11-16
440.560 Infinity Q Divrs Alpha P 2019-01-08 2020-03-31
7324.770 Invesco Balanced Risk Comm Strategy P 2019-01-08 2020-03-19
4240.435 JPMORGAN mortgage back sec P 2001-01-01 2020-04-01
34 Lowes Inc P 2017-02-03 2020-10-29
21 Marsh & Mclennan P 2017-02-03 2020-02-25
177 Microchip Tech P 2017-02-03 2020-03-20
44 Microsoft Corp P 2017-02-22 2020-02-25
128 morgan stanley com P 2017-02-03 2020-11-16
30000 Occidental Petroleum P 2017-02-03 2020-03-31
30000 Pfizer inc note call 3.4% P 2017-02-03 2020-04-01
164 Ritchie Bros Auctioneers P 2017-09-19 2020-10-14
425 spdr Ser Tr S&P P 2018-12-11 2020-12-03
3618.295 thornburg Long/Short equity P 2019-01-08 2020-11-11
1792.790 Transamerica Intl Small cap P 2001-01-01 2020-12-03
22 Union Pacific Corp P 2017-02-03 2020-11-16
80 US Treasury Notes P 2017-02-03 2020-04-01
24 United health P 2018-03-26 2020-11-16
264 US Bancorp P 2018-04-18 2020-03-12
31 Vail Resorts P 2019-01-11 2020-11-16
30000 Verizon Communications P 2017-03-08 2020-04-01
30000 Visa Inc. P 2017-02-03 2020-04-01
30000 wells fargo note P 2018-02-01 2020-08-11
Capital Gain Distributions P 2001-01-01 2020-12-31
Wash Sale      
(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 16,754   16,716 38
b 45,649   41,331 4,318
c 10,243   9,669 574
d 56,458   46,711 9,747
e 26,074   26,602 -528
48,690   45,111 3,579
9,468   12,966 -3,498
30,877   30,520 357
71,246   66,438 4,808
65,632   65,330 302
13,345   13,009 336
26,528   31,941 -5,413
27   37 -10
22,224   22,211 13
35,490   49,027 -13,537
4,683   2,175 2,508
27,149   37,209 -10,060
5,071   4,791 280
2,709   1,523 1,186
5,944   4,166 1,778
16,927   5,019 11,908
6,088   3,785 2,303
2,480   2,534 -54
67,329   86,773 -19,444
183,848   187,365 -3,517
2,284   1,316 968
6,489   10,067 -3,578
3,728   2,037 1,691
30,677   27,297 3,380
40,054   31,832 8,222
30,038   30,079 -41
27,426   35,510 -8,084
25,811   26,396 -585
11,661   11,999 -338
7,248   4,706 2,542
5,741   5,199 542
34,133   46,745 -12,612
48,550   47,645 905
5,505   2,488 3,017
2,334   1,478 856
10,675   12,228 -1,553
7,400   2,823 4,577
6,964   5,696 1,268
25,875   30,418 -4,543
32,100   30,670 1,430
8,928   4,985 3,943
21,156   21,450 -294
35,354   37,268 -1,914
25,225   20,932 4,293
4,602   2,390 2,212
80,041   79,445 596
8,492   5,182 3,310
8,731   14,018 -5,287
8,387   5,994 2,393
30,484   28,847 1,637
32,329   30,043 2,286
30,492   29,301 1,191
5,987     5,987
      10,060
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       38
b       4,318
c       574
d       9,747
e       -528
      3,579
      -3,498
      357
      4,808
      302
      336
      -5,413
      -10
      13
      -13,537
      2,508
      -10,060
      280
      1,186
      1,778
      11,908
      2,303
      -54
      -19,444
      -3,517
      968
      -3,578
      1,691
      3,380
      8,222
      -41
      -8,084
      -585
      -338
      2,542
      542
      -12,612
      905
      3,017
      856
      -1,553
      4,577
      1,268
      -4,543
      1,430
      3,943
      -294
      -1,914
      4,293
      2,212
      596
      3,310
      -5,287
      2,393
      1,637
      2,286
      1,191
      5,987
       
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 16,451
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 1,086
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................................ 1 611
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  
3 Add lines 1 and 2........................... 3 611
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 611
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,364
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,364
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 10 753
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet753 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See 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)
    bullet
    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 ofbulletKathleen Brown Telephone no.bullet (303) 229-4148

    Located atbullet907 Brooklawn DrBoulderCO ZIP+4bullet80303
    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
    Gregory M Brown Director
    1.00     		0    
    907 Brooklawn Dr
    Boulder,CO80303
    Valerie H Whittle Secretary
    1.00     		0    
    907 Brooklawn Dr
    Boulder,CO80303
    Kathleen E Brown Treasurer
    1.00     		0    
    907 Brooklawn Dr
    Boulder,CO80303
    James B Hart Director
    1.00     		0    
    907 Brooklawn Dr
    Boulder,CO80303
    William E Hart President
    1.00     		0    
    907 Brooklawn Dr
    Boulder,CO80303
    Sarah E St Clair Director
    1.00     		0    
    907 Brooklawn Dr
    Boulder,CO80303
    Peter Whittle Director
    1.00     		0    
    907 Brooklawn Dr
    Boulder,CO80303
    Virginia Wilson Director
    1.00     		0    
    907 Brooklawn Dr
    Boulder,CO80303
    Sheila Hart Director
    1.00     		0    
    907 Brooklawn Dr
    Boulder,CO80303
    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  
    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.............bullet  
    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
    1,886,056
    b
    Average of monthly cash balances.......................
    1b
    16,899
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,902,955
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    1,902,955
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    28,544
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,874,411
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    93,721
    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
    93,721
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    611
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    611
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    93,110
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    93,110
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    93,110
    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
    97,500
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    97,500
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    97,500
    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 93,110
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 97,436
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 97,500
    a Applied to 2019, but not more than line 2a 97,436
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 64
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		93,046
    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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (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
    Mt Evans Home Health Care Hospice
    3081 Bergen Peak Dr
    Evergreen,CO80439     		None PC Hospice care 20,000
    University of Colorado Foundation
    10901 W 120th Ave Suite 200
    Broomfield,CO80021     		None PC Educational scholarships 25,000
    Attention Homes
    1443 Spruce St
    Boulder,CO80302     		None PC Homeless youth support 5,000
    Casa Youth Shelter
    10911 Reagan Street
    Los Alamitos,CA90720     		None PC Homeless youth support 5,000
    Boy Scouts of America
    2215 23rd Avenue
    Greeley,CO80634     		None PC ILC support for council activites 5,000
    Grand Foundation Wildfire Emergency
    PO Box 1342
    Winter Park,CO80482     		None PC Wildfire relief 22,500
    YMCA of Greater Wichita
    402 N Market St
    Wichita,KS67202     		None PC support of youth outreach 5,000
    Oceana
    1025 connecticut Ave NW Suite 200
    Washington,DC20036     		None PC Wildlife conservation 5,000
    Hope House Colorado
    6475 Benton St Bldg A
    Arvada,CO80003     		None PC Homeless support services for young mothers 5,000
    Total .................................bullet 3a 97,500
    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 49,273  
    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 6,391  
    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)..   55,664  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    55,664
    (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: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    Hart Family Foundation
    EIN:
    46-4249899
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting fees 1,500 1,500 0 0

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    Hart Family Foundation
    EIN:
    46-4249899
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    JPMorgan Chase & Co Note 30,385 31,541
    Apple Inc Note 34,381 36,714
    Lockheed Martin Corp Note 30,311 34,077
    Intel Corp Note 30,399 33,862
    McDonalds Corp Note 29,957 31,958
    Walmart Note 15,627 17,668
    Comcast corp Note 27,460 27,505
    Pepsico Inc Note 28,107 27,992

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Hart Family Foundation
    EIN:
    46-4249899
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Amgen Inc 14,277 17,934
    Apple Inc 7,911 19,107
    Marsh & Mclennan Cos 8,503 13,221
    Ritchie Bros Auctioneers Com 8,899 17,457
    Union Pacific Corp 12,831 20,406
    Becton Dickinson 15,407 20,768
    Lowes Cos Inc 14,343 25,521
    Starbucks Corp Com 9,326 18,828
    Accenture PLC Cls A 9,785 18,285
    Illinois Tool Works 12,808 17,330
    Microsoft Corp 10,439 29,804
    Diageo Adr Each Repr 4 Ord 8,745 12,387
    Morgan Stanley 14,683 21,176
    Avery Dennison 9,289 13,495
    CDW Corp 1,267 17,528
    CDW Corp 11,448 2,240
    CME Group 12,434 17,659
    Cerner Corp 16,157 18,678
    Raytheon Co Com 17,168 15,661
    United Health group 14,014 19,638
    Vail resorts 12,578 17,853
    JP Morgan Chase & Co 13,521 18,552
    Analog Devices Inc 9,914 16,398
    Keurig Dr Pepper Inc 18,447 21,024

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    Hart Family Foundation
    EIN:
    46-4249899
    Software ID:
    20011551
    Software Version:
    2020v4.0
    US Government Securities - End of Year Book Value:

    249,527
    US Government Securities - End of Year Fair Market Value:

    253,477
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2020 InvestmentsOtherSchedule2
    Name:
    Hart Family Foundation
    EIN:
    46-4249899
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DFA Japanese Small Co Prtf Instl AT COST 23,475 26,309
    American Beacon Sim High Yld Opps Instl AT COST 65,287 71,370
    Hartford Floating Rate High Inc AT COST 71,853 72,745
    American Tower Corp AT COST 7,871 17,957
    Alphacentric Income Opportunities AT COST 57,332 61,175
    Pimco Emerging Local Bond Fund AT COST 33,702 37,339
    Global X Fds MLP & energy AT COST 35,741 33,957
    American Tower Corp AT COST 3,512 3,816
    Blackrock Event Driven Equity AT COST 28,583 30,300
    Brandes Emerging Mkts AT COST 36,264 45,251
    DFA US Samll Cap AT COST 34,674 46,250
    Transmerica Intl Small Cap AT COST 29,221 35,966
    Infinity Q Divrs Alpha Instl AT COST 27,157 28,803
    Fidelity Emerging Markets Index Fund AT COST 43,674 44,800
    BNY Mellon Int Stock AT COST 205,123 217,680
    Barron Real Estate Income Fund AT COST 25,563 25,709
    Baird Inter Bond Fd Instl AT COST 76,284 75,743
    Parametric Commodity Strategic Inst AT COST 37,219 43,306
    Lord Abbett Infl Focused Bond Fd AT COST 28,356 28,954
    Spdr Ser Tr S&P Regl Bkg AT COST 24,036 27,222
    SPDR Gold Tr Gold Shs AT COST 15,634 18,014
    Stone Ridge High Yld Reinsrnce Rsk AT COST 9,984 9,748
    Riverpark Long/Short Oppty Instl AT COST 30,220 32,555

    TY 2020 OtherAssetsSchedule
    Name:
    Hart Family Foundation
    EIN:
    46-4249899
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Dividends Receivable 2,760 646  
    Prepaid federal taxes 1,792 1,364 1,364


    TY 2020 OtherExpensesSchedule
    Name:
    Hart Family Foundation
    EIN:
    46-4249899
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Business registration fees 60 60    
    Investment advisory fees 18,898 18,898    


    TY 2020 TaxesSchedule
    Name:
    Hart Family Foundation
    EIN:
    46-4249899
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Federal Income Taxes 428 428    
    Foreign taxes paid 867 867