Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
CURRY & DOWNEY SCHOLARSHIP TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)265 FRANKLIN ST BOS-301
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02110
A Employer identification number

45-6837157
B Telephone number (see instructions)

(781) 581-4292
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$1,804,105J 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... 32,430 32,275  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 95,956
b Gross sales price for all assets on line 6a 610,812
7 Capital gain net income (from Part IV, line 2)... 95,956
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........ 128,386 128,231  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 4,094 2,047   2,047
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)....... Click to see attachment 900 450 0 450
c Other professional fees (attach schedule).... Click to see attachment 16,993 8,496   8,496
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 292 292   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 35 18   18
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 22,314 11,303 0 11,011
25 Contributions, gifts, grants paid....... 54,000 54,000
26 Total expenses and disbursements. Add lines 24 and 25 76,314 11,303 0 65,011
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 52,072
b Net investment income (if negative, enter -0-) 116,928
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.........   105,589 105,589
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)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,271,880 Click to see attachment1,221,683 1,698,516
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) 1,271,880 1,327,272 1,804,105
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........ 1,271,880 1,327,272
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)..... 1,271,880 1,327,272
30 Total liabilities and net assets/fund balances (see instructions). 1,271,880 1,327,272
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
1,271,880
2
Enter amount from Part I, line 27a .....................
2
52,072
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
3,476
4
Add lines 1, 2, and 3 ..........................
4
1,327,428
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
156
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,327,272
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 27. AT & T INC   2019-01-08 2020-01-15
b 13. ABBOTT LABORATORIES INC   2018-02-28 2020-01-15
c 4. ABBOTT LABORATORIES INC   2018-02-28 2020-07-02
d 20. ADOBE INC.   2017-01-09 2020-01-15
e 1. ADOBE INC.   2017-01-09 2020-07-02
11. ADOBE INC.   2017-01-09 2020-08-27
3. AIR PRODUCTS & CHEMICALS   2018-08-01 2020-01-15
2. AIR PRODUCTS & CHEMICALS   2018-08-01 2020-07-02
76. ALBEMARLE CORP   2019-03-01 2020-04-28
25. ALBEMARLE CORP   2020-01-15 2020-04-28
16. ALLSTATE CORP   2016-03-02 2020-01-15
29. ALLSTATE CORP   2016-03-02 2020-04-28
4. ALLSTATE CORP   2016-03-02 2020-07-02
2. ALPHABET, INC. CL A   2013-06-25 2020-01-15
2. AMAZON.COM, INC   2016-10-11 2020-01-15
1. AMAZON.COM, INC   2016-10-11 2020-04-28
50000. AMERICAN INTERNATIONAL GROUP 3.375% 08/1   2015-06-02 2020-08-15
39. ANALOG DEVICES   2013-12-10 2020-01-15
27. APPLE INC   2013-11-14 2020-01-15
2. APPLE INC   2013-11-14 2020-07-02
5. APPLIED MATERIALS   2020-04-28 2020-07-02
32.26 BAILLE GIFFORD EMERGING MARKETS EQUITIES   2020-03-03 2020-07-02
57.451 BAILLE GIFFORD INTERNATIONAL GROWTH FUND   2020-03-16 2020-07-02
2. BLACKROCK INC.   2016-09-21 2020-01-15
1. BLACKROCK INC.   2016-09-21 2020-07-02
66.612 BMO TCH CORPORATE INCOME FUND   2019-01-08 2020-07-02
18. BOEING CO   2019-04-02 2020-01-15
2. BROADCOM INC   2018-03-29 2020-01-15
1. BROADCOM INC   2018-03-29 2020-07-02
38. BURLINGTON STORES, INC.   2018-10-17 2020-01-15
11. CVS HEALTH CORP HEALTH CORPORATION   2017-01-09 2020-01-15
4. CVS HEALTH CORP HEALTH CORPORATION   2017-01-09 2020-07-02
147. CVS HEALTH CORP HEALTH CORPORATION   2017-11-14 2020-08-25
108. CARRIER GLOBAL CORP   2019-01-08 2020-04-14
8. CARRIER GLOBAL CORP   2020-01-15 2020-04-14
24. CHEVRON CORP   2014-03-07 2020-01-15
53. COMCAST CORP NEW CL A   2016-09-14 2020-01-15
7. COMCAST CORP NEW CL A   2016-09-14 2020-07-02
65. CONOCOPHILLIPS   2014-11-06 2020-01-15
39. COSTCO WHOLESALE CORP, NEW   2017-06-19 2020-01-15
2. CROWN CASTLE INTERNATIONAL CORP   2019-04-23 2020-07-02
12. DANAHER CORP   2017-06-12 2020-01-15
11. DANAHER CORP   2017-06-12 2020-04-28
21. DANAHER CORP   2017-06-12 2020-06-16
2. DANAHER CORP   2017-06-12 2020-07-02
329. ELANCO ANIMAL HEALTH   2019-03-06 2020-01-15
3. FACEBOOK CL A   2016-01-20 2020-07-02
2. GLOBAL PAYMENTS INC   2020-01-15 2020-07-02
19. HOME DEPOT INC   2013-09-17 2020-01-15
2. HONEYWELL INT'L INC.   2013-03-13 2020-07-02
82. HONEYWELL INT'L INC.   2015-06-16 2020-10-01
2. HONEYWELL INT'L INC.   2020-01-15 2020-10-01
.65 INGERSOLL RAND INC   2019-08-13 2020-03-05
62. INGERSOLL RAND INC   2019-08-13 2020-03-06
15. INTERCONTEXCHANGE GROUP INC   2019-03-25 2020-01-15
3. INTERCONTEXCHANGE GROUP INC   2019-03-25 2020-07-02
16. I SHARES MSCI EMERGING MKT INDEX   2018-01-09 2020-07-02
131. I SHARES BARCLAYS 7-10 YR TREAS   2018-01-11 2020-01-15
7. I SHARES BARCLAYS 7-10 YR TREAS   2018-01-11 2020-07-02
259. I SHARES BARCLAYS 7-10 YR TREAS   2019-01-08 2020-07-22
446. I SHARES BARCLAYS 1-3 YR TR BD   2019-05-14 2020-01-15
3. I SHARES RUSSELL MIDCAP GROWTH   2020-01-15 2020-07-02
5. I SHARES RUSSELL 1000 INDEX FUND   2020-04-15 2020-07-02
62. I SHARES RUSSELL 2000 TRUST   2019-01-08 2020-01-15
3. I SHARES RUSSELL 2000 TRUST   2019-01-08 2020-07-02
134. I SHARES BARCLAYS 3-7 YR T   2019-04-01 2020-01-15
235. I SHARES BARCLAYS 3-7 YR T   2019-04-01 2020-04-15
302. ISHARES A RATED CORPORATE BOND ETF   2019-01-08 2020-01-15
16. J P MORGAN CHASE & CO   2015-06-08 2020-01-15
6. J P MORGAN CHASE & CO   2015-06-08 2020-07-02
11. JOHNSON & JOHNSON   2012-04-11 2020-01-15
3. JOHNSON & JOHNSON   2012-04-11 2020-07-02
8. MCDONALD'S CORP   2018-02-20 2020-01-15
2. MCDONALD'S CORP   2018-02-20 2020-07-02
12. MERCK & CO INC. NEW   2013-06-25 2020-01-15
4. MERCK & CO INC. NEW   2013-06-25 2020-07-02
29. MICROSOFT   2019-04-17 2020-01-15
5. MICROSOFT   2019-04-17 2020-07-02
8. MOTOROLA SOLUTIONS, INC.   2019-01-08 2020-01-15
2. MOTOROLA SOLUTIONS, INC.   2019-01-08 2020-07-02
6. NEXTERA ENERGY INC   2017-07-19 2020-01-15
1. NEXTERA ENERGY INC   2017-07-19 2020-07-02
56. NEXTERA ENERGY INC   2019-01-08 2020-10-16
2. NORTHROP GRUMMAN   2017-11-21 2020-01-15
1. NORTHROP GRUMMAN   2017-11-21 2020-07-02
4. OTIS WORLDWIDE CORP   2020-01-15 2020-04-14
54. OTIS WORLDWIDE CORP   2019-01-08 2020-04-14
8. PNC BANK CORP   2018-01-09 2020-01-15
4. PEPSICO INC   2018-11-15 2020-01-15
2. PEPSICO INC   2018-11-15 2020-07-02
17. PHILLIPS 66   2019-01-08 2020-01-15
8. PROCTER & GAMBLE CO   2012-04-11 2020-01-15
3. PROCTER & GAMBLE CO   2012-04-11 2020-07-02
5. RAYTHEON TECHNOLOGIES CORP   2018-05-31 2020-07-02
59. SPDR S&P 500 ETF TRUST   2018-10-24 2020-04-01
10. SPDR S&P 500 ETF TRUST   2018-10-24 2020-06-05
34. SPDR S&P 500 ETF TRUST   2020-01-15 2020-06-05
1. SPDR S&P 500 ETF TRUST   2020-01-15 2020-07-02
24. SPDR MSCI ACWI EX-US ETF   2017-01-09 2020-01-15
1100. SPDR MSCI ACWI EX-US ETF   2018-01-09 2020-03-02
28. SPDR MSCI ACWI EX-US ETF   2018-01-09 2020-07-02
21. SPDR PORTFOLIO INT TERM CORP BD ETF   2020-01-15 2020-07-02
1130. SPDR PORTFOLIO MORTGAGE BACKED BND FD   2020-01-15 2020-03-31
5. SPDR S&P BIOTECH   2018-10-24 2020-01-15
5. SPDR S&P BIOTECH   2018-10-24 2020-07-02
40. SALESFORCE.COM   2014-04-08 2020-01-15
2. SALESFORCE.COM   2014-04-08 2020-07-02
15. SALESFORCE.COM   2014-04-08 2020-08-27
2. CHARLES SCHWAB   2017-01-09 2020-01-15
290. CHARLES SCHWAB   2019-01-08 2020-04-28
5. SPDR TECHNOLOGY IDX   2020-04-01 2020-07-02
19. SYSCO CORP   2017-08-15 2020-01-15
8. UNITEDHEALTH GROUP, INC   2018-01-09 2020-01-15
1. UNITEDHEALTH GROUP, INC   2018-01-09 2020-07-02
193. VANGUARD SHORT TERM BOND ETF   2019-01-08 2020-01-15
103. VANGUARD EMERGING MARKETS ETF   2020-01-15 2020-03-02
530. VANGUARD EMERGING MARKETS ETF   2019-01-08 2020-03-02
9. VERIZON COMMUNICATIONS INC   2013-06-25 2020-01-15
5. VERIZON COMMUNICATIONS INC   2013-06-25 2020-07-02
13. VISA, INC   2013-06-25 2020-01-15
3. VISA, INC   2013-06-25 2020-07-02
20. WALMART, INC.   2019-01-08 2020-04-28
3. WALMART, INC.   2019-01-08 2020-07-02
474. WISDOMTREE EMERGING MKTS SM CAP DIV   2019-04-23 2020-01-15
28. XCEL ENERGY, INC.   2013-03-13 2020-01-15
33. XCEL ENERGY, INC.   2013-03-13 2020-06-05
55. XCEL ENERGY, INC.   2013-06-25 2020-06-16
11. EATON CORP PLC   2017-10-31 2020-01-15
3. EATON CORP PLC   2017-10-31 2020-07-02
2. INGERSOLL RAND PLC   2019-08-13 2020-01-15
86. TRANE TECHNOLOGIES PLC   2020-03-06 2020-06-05
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(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 1,024   844 180
b 1,132   793 339
c 370   244 126
d 6,924   2,170 4,754
e 447   109 338
5,629   1,194 4,435
707   485 222
492   324 168
4,878   6,956 -2,078
1,604   2,001 -397
1,821   1,045 776
2,999   1,894 1,105
381   261 120
2,871   867 2,004
3,747   1,659 2,088
2,325   830 1,495
50,000   50,000  
4,591   1,911 2,680
8,484   2,033 6,451
735   151 584
305   256 49
653   636 17
1,008   633 375
1,057   736 321
558   368 190
936   827 109
5,968   7,089 -1,121
612   471 141
317   236 81
8,549   6,005 2,544
819   899 -80
260   327 -67
9,304   11,628 -2,324
1,495   2,179 -684
111   203 -92
2,778   2,828 -50
2,459   1,727 732
278   228 50
4,206   4,619 -413
11,715   5,494 6,221
339   244 95
1,938   1,009 929
1,826   925 901
3,666   1,765 1,901
360   168 192
10,058   9,733 325
707   274 433
344   388 -44
4,240   1,446 2,794
291   141 150
13,400   6,090 7,310
327   364 -37
18   20 -2
1,610   1,899 -289
1,417   1,104 313
279   221 58
661   785 -124
14,604   14,216 388
851   732 119
31,665   26,961 4,704
37,767   37,530 237
484   473 11
872   760 112
10,378   8,758 1,620
429   424 5
16,926   16,422 504
31,346   28,799 2,547
16,564   15,182 1,382
2,212   1,075 1,137
553   403 150
1,616   706 910
422   193 229
1,669   1,267 402
369   317 52
1,090   557 533
315   186 129
4,747   3,513 1,234
1,037   606 431
1,355   948 407
275   237 38
1,498   850 648
247   142 105
17,118   8,434 8,684
757   609 148
311   304 7
179   310 -131
2,421   3,324 -903
1,260   1,191 69
551   467 84
267   233 34
1,789   1,559 230
1,005   534 471
363   200 163
313   362 -49
14,527   15,863 -1,336
3,201   2,689 512
10,885   11,181 -296
313   329 -16
623   515 108
25,703   25,158 545
645   751 -106
766   745 21
30,001   29,674 327
484   396 88
566   396 170
7,277   2,206 5,071
389   110 279
4,059   827 3,232
95   82 13
10,824   12,387 -1,563
529   387 142
1,570   983 587
2,352   1,800 552
300   225 75
15,575   15,160 415
4,199   4,687 -488
21,607   20,399 1,208
533   454 79
275   252 23
2,564   587 1,977
589   136 453
2,569   1,904 665
359   286 73
22,700   22,951 -251
1,794   734 1,060
2,169   959 1,210
3,506   1,561 1,945
1,033   853 180
267   223 44
261   240 21
8,858   8,246 612
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
      5,190
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       180
b       339
c       126
d       4,754
e       338
      4,435
      222
      168
      -2,078
      -397
      776
      1,105
      120
      2,004
      2,088
      1,495
       
      2,680
      6,451
      584
      49
      17
      375
      321
      190
      109
      -1,121
      141
      81
      2,544
      -80
      -67
      -2,324
      -684
      -92
      -50
      732
      50
      -413
      6,221
      95
      929
      901
      1,901
      192
      325
      433
      -44
      2,794
      150
      7,310
      -37
      -2
      -289
      313
      58
      -124
      388
      119
      4,704
      237
      11
      112
      1,620
      5
      504
      2,547
      1,382
      1,137
      150
      910
      229
      402
      52
      533
      129
      1,234
      431
      407
      38
      648
      105
      8,684
      148
      7
      -131
      -903
      69
      84
      34
      230
      471
      163
      -49
      -1,336
      512
      -296
      -16
      108
      545
      -106
      21
      327
      88
      170
      5,071
      279
      3,232
      13
      -1,563
      142
      587
      552
      75
      415
      -488
      1,208
      79
      23
      1,977
      453
      665
      73
      -251
      1,060
      1,210
      1,945
      180
      44
      21
      612
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 95,956
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 1,625
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 1,625
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 1,625
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,130
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 1,130
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 1
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 496
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)
    bulletMA
    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 ofbulletEASTERN BANK & TRUST COMPANY Telephone no.bullet (617) 897-1124

    Located atbullet265 FRANKLIN ST BOS-301BOSTONMA ZIP+4bullet02110
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 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
     
     
    ........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
    EASTERN BANK EASTERN WEALTH MGMT TRUSTEE
    2     		4,094    
    265 FRANKLIN ST BOS-301
    BOSTON,MA02110
    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
    1,631,940
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,631,940
    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
    1,631,940
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    24,479
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,607,461
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    80,373
    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
    80,373
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,625
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,625
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    78,748
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    78,748
    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
    78,748
    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
    65,011
    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
    65,011
    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
    65,011
    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 78,748
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 7,092
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 7,092
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 65,011
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 65,011
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 7,092 7,092
    (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 ..........     		6,645
    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).)
    NONE
    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.
    NONE
    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 DREW EASTERN WEALTH MGMT
    605 BROADWAY LF-41
    SAUGUS,MA01906
    (781) 581-4292
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER
    cAny submission deadlines:
    MAY 1ST
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    HIGH SCHOOL GRADUATES OF LYNN ENGLISH HS, LYNN MA
    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
    Northeastern University
    FBO Taylor Sullivan
    360 HUNTINGTON AVE
    Boston,MA02115     		NONE NONE SCHOLARSHIP 5,000
    BOSTON COLLEGE
    FBO ABRAR JALAL
    140 COMMONWEALTH AVE
    CHESTNUT HILL,MA02467     		NONE NONE SCHOLARSHIP 5,000
    Boston University
    FBO Julia Chen
    223 BAY STATE ROAD
    Boston,MA02215     		NONE NONE SCHOLARSHIP 5,000
    Mass College of Pharmacy & Health Sci
    FBO Kylie Moorehouse
    179 LONGWOOD AVENUE
    Boston,MA02115     		NONE NONE SCHOLARSHIP 5,000
    Emmanuel College
    FBO Hannah Tranant
    400 THE FENWAY
    Boston,MA02115     		NONE NONE SCHOLARSHIP 5,000
    WORCESTER POLYTECHNICAL INSTITUTE
    FBO GRACE GATELY
    100 INSTITUTE ROAD
    WORCESTER,MA01609     		NONE NONE SCHOLARSHIP 5,000
    Suffolk University
    FBO Haris Husidic
    8 ASHBURTON PLACE
    Boston,MA02108     		NONE NONE SCHOLARSHIP 5,000
    SALEM STATE UNIVERSITY
    FBO LILY VU
    352 LAFAYETTE STREET
    SALEM,MA01970     		NONE NONE SCHOLARSHIP 4,000
    University of Rhode Island
    FBO Olivia Langlois
    45 UPPER COLLEGE ROAD
    Kingston,RI02881     		NONE NONE SCHOLARSHIP 5,000
    UNIVERSITY OF MASSACHUSETTS - AMHERST-A
    FBO ANDY DUVERGE
    134 HICKS WAY MEMORIAL HALL
    Amherst,MA01003     		NONE NONE SCHOLARSHIP 5,000
    BAYLOR UNIVERSITY
    FBO BRITNEY SOMAIY
    1311 S 5TH STREET
    WACO,TX76706     		NONE NONE SCHOLARSHIP 5,000
    Total .................................bullet 3a 54,000
    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 32,430  
    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 95,956  
    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)..   128,386  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    128,386
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    CURRY & DOWNEY SCHOLARSHIP TRUST
    EIN:
    45-6837157
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 900 450   450

    TY 2020 InvestmentsOtherSchedule2
    Name:
    CURRY & DOWNEY SCHOLARSHIP TRUST
    EIN:
    45-6837157
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES INC AT COST 9,268 16,642
    ADOBE INC AT COST 3,147 14,503
    AIR PRODUCTS & CHEMICALS AT COST 9,777 16,120
    ALABAMA POWER CO 3.55% 12/01/2 AT COST 20,554 21,755
    ALBEMARLE CORP      
    ALLSTATE CORP AT COST 9,898 15,390
    ALPHABET, INC. CL A AT COST 8,840 29,795
    ALPHABET, INC. CL C AT COST 2,173 10,511
    AMAZON.COM, INC AT COST 10,140 39,083
    AMERICAN INTERNATIONAL GROUP 3      
    ANALOG DEVICES AT COST 3,885 11,671
    APPLE INC AT COST 8,100 50,422
    ASTRAZENECA PLC ADR 3.375% 11/ AT COST 58,312 67,353
    AT & T INC AT COST 8,628 7,938
    BLACKROCK INC AT COST 9,648 18,760
    BLACKROCK INC. 3.375% 06/01/20 AT COST 51,299 52,169
    BMO TCH CORPORATE INCOME FUND AT COST 33,444 37,618
    BOEING CO      
    BROADCOM INC AT COST 12,961 24,520
    BURLINGTON STORES, INC AT COST 7,285 12,293
    CHARLES SCHWAB      
    CHEVRON CORP AT COST 9,442 7,516
    CITIGROUP 3.7% 01/12/2026 AT COST 39,094 45,454
    COMCAST CORP NEW CL A AT COST 9,189 14,777
    CONOCOPHILLIPS AT COST 9,079 6,078
    COSTCO WHOLESALE CORP, NEW      
    CROWN CASTLE INTERNATIONAL COR AT COST 11,599 14,486
    CVS HEALTH CORP HEALTH CORPORA      
    DANAHER CORP AT COST 6,220 16,438
    EATON CORP PLC AT COST 9,473 14,056
    ELANCO ANIMAL HEALTH      
    FACEBOOK CL A AT COST 12,863 27,589
    FEDERATED GOV'T OBLIGATION TAX      
    FEDERATED GOV'T OBLIGATION TAX      
    HOME DEPOT INC AT COST 4,438 15,406
    HONEYWELL INT'L INC      
    I SHARES BARCLAYS 1-3 YR TR BD      
    I SHARES BARCLAYS 1-3 YR TR BD      
    I SHARES BARCLAYS 7-10 YR TREA      
    I SHARES MSCI EMERGING MKT IND AT COST 29,532 31,725
    I SHARES RUSSELL 2000 TRUST AT COST 15,963 22,155
    INGERSOLL RAND PLC      
    INTERCONTEXCHANGE GROUP INC AT COST 9,130 14,296
    ISHARES A RATED CORPORATE BOND      
    J P MORGAN CHASE & CO AT COST 19,306 31,768
    JOHNSON & JOHNSON AT COST 8,191 16,053
    MASTERCARD 3.375% 04/01/2024 AT COST 60,975 65,746
    MCDONALD'S CORP AT COST 11,705 15,021
    MERCK & CO INC. NEW AT COST 8,158 14,233
    MICROSOFT AT COST 24,453 44,262
    MOTOROLA SOLUTIONS, INC AT COST 8,413 12,074
    NEXTERA ENERGY INC      
    NORTHROP GRUMMAN AT COST 13,145 13,408
    PEPSICO INC AT COST 8,624 10,974
    PFIZER INC 3% 12/15/2026 AT COST 19,806 22,586
    PHILLIPS 66 AT COST 7,244 5,525
    PNC BANK CORP AT COST 15,798 17,880
    PROCTER & GAMBLE CO AT COST 7,003 13,636
    SALESFORCE.COM AT COST 3,160 12,684
    SPDR MSCI ACWI EX-US ETF AT COST 25,338 29,641
    SPDR S&P 500 ETF TRUST AT COST 12,927 16,077
    SPDR S&P BIOTECH AT COST 15,686 27,874
    SYSCO CORP AT COST 10,756 15,075
    UNITED TECHNOLOGIES CORP      
    UNITEDHEALTH GROUP, INC AT COST 12,151 18,937
    VANGUARD EMERGING MARKETS ETF      
    VANGUARD SHORT TERM BOND ETF      
    VERIZON COMMUNICATIONS INC AT COST 8,636 11,515
    VISA, INC AT COST 4,050 24,279
    WALMART, INC. AT COST 11,940 17,010
    WISDOMTREE EMERGING MKTS SM CA      
    XCEL ENERGY, INC AT COST 3,687 9,000
    XILINX, INC. 3% 03/15/2021 AT COST 50,796 50,252
    AKAMAI TECHNOLOGIES AT COST 10,041 9,239
    AMERICAN ELEC POWER CO AT COST 17,118 15,571
    APPLIED MATERIALS AT COST 10,527 17,174
    BAILLE GIFFORD EMERGING MARKET AT COST 25,014 35,121
    BAILLE GIFFORD INTERNATIONAL G AT COST 24,909 48,597
    FEDEX CORPORATION AT COST 14,127 14,279
    FEDEX CORPORATION 3.4% 02/15/2 AT COST 42,229 45,642
    GLOBAL PAYMENTS INC AT COST 13,035 14,864
    GUGGENHEIM HIGH YIELD FUND AT COST 19,997 22,714
    ILLINOIS TOOL WORKS AT COST 8,440 9,378
    IQVIA HOLDINGS INC AT COST 14,030 16,304
    I SHARES RUSSELL MIDCAP GROWTH AT COST 19,067 24,841
    I SHARES RUSSELL 1000 INDEX FU AT COST 29,622 41,309
    KEYCORP 2.25% 04/06/2027 AT COST 40,119 42,674
    PRINCIPAL PREFERRED SECURITIES AT COST 19,997 22,435
    RAYTHEON TECHNOLOGIES CORP AT COST 12,383 12,872
    SPDR PORTFOLIO INT TERM CORP B AT COST 44,898 46,401
    SPDR INDUSTRIAL SELECT AT COST 14,305 16,825
    SPDR TECHNOLOGY IDX AT COST 14,228 23,924
    STRYKER CORP AT COST 9,458 12,252
    ULTA BEAUTY, INC. AT COST 12,810 14,071

    TY 2020 OtherDecreasesSchedule
    Name:
    CURRY & DOWNEY SCHOLARSHIP TRUST
    EIN:
    45-6837157
    Description Amount
    ROC 156


    TY 2020 OtherExpensesSchedule
    Name:
    CURRY & DOWNEY SCHOLARSHIP TRUST
    EIN:
    45-6837157
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER ALLOCABLE EXPENSE-PRINCI 35 18   18


    TY 2020 OtherIncreasesSchedule
    Name:
    CURRY & DOWNEY SCHOLARSHIP TRUST
    EIN:
    45-6837157
    Description Amount
    BOOK VALUE ADJUSTMENT 3,217
    2019 TRANSACTION POSTED IN 2020 259


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    CURRY & DOWNEY SCHOLARSHIP TRUST
    EIN:
    45-6837157
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMNT MNGMNT FEES (NON-DED 16,993 8,496   8,496


    TY 2020 TaxesSchedule
    Name:
    CURRY & DOWNEY SCHOLARSHIP TRUST
    EIN:
    45-6837157
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 87 87   0
    FOREIGN TAXES ON QUALIFIED FOR 150 150   0
    FOREIGN TAXES ON NONQUALIFIED 55 55   0