TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
CORNELL DOUGLAS FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)4701 SANGAMORE ROAD
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BETHESDA, MD20816

A Employer identification number

65-1287707

B Telephone number (see instructions)

(301) 229-3008

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$92,940,084J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	133		133
4	Dividends and interest from securities...	1,285,353		1,285,353
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,316,713
b	Gross sales price for all assets on line 6a 17,020,208
7	Capital gain net income (from Part IV, line 2)...			0
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....		0
11	Other income (attach schedule).......		0
12	Total. Add lines 1 through 11........	2,602,199		1,285,486
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		0
b	Accounting fees (attach schedule).......		7,880	3,940	3,940
c	Other professional fees (attach schedule)....		17,800		17,800
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		7,171	7,171
19	Depreciation (attach schedule) and depletion...		2,051
20	Occupancy..............	25,950			25,950
21	Travel, conferences, and meetings.......	1,750			1,750
22	Printing and publications..........	306			306
23	Other expenses (attach schedule).......		269,507		269,507
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	332,415		11,111	319,253
25	Contributions, gifts, grants paid.......	4,202,700			4,202,700
26	Total expenses and disbursements. Add lines 24 and 25	4,535,115		11,111	4,521,953
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-1,932,916
b	Net investment income (if negative, enter -0-)			1,274,375
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	270,045	333,493	333,493
	2	Savings and temporary cash investments.........	5,131,944	3,071,994	3,071,994
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....		0
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts		0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	6,732,532	5,091,441	5,375,485
	b	Investments—corporate stock (attach schedule).......	40,830,425	40,782,327	77,734,017
	c	Investments—corporate bonds (attach schedule).......	3,851,106	5,796,130	6,140,537
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)		0
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	343,417	131,422	276,351
	14	Land, buildings, and equipment: basis 32,212
		Less: accumulated depreciation (attach schedule) 26,295	457	5,917	5,917
	15	Other assets (describe )	2,703	2,290	2,290
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	57,162,629	55,215,014	92,940,084
	17	Accounts payable and accrued expenses..........		7,206
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons		0
	21	Mortgages and other notes payable (attach schedule)......		0
	22	Other liabilities (describe )	0	0
	23	Total liabilities (add lines 17 through 22).........		7,206
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	57,162,629	55,207,808
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		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
	29	Total net assets or fund balances (see instructions).....	57,162,629	55,207,808
	30	Total liabilities and net assets/fund balances (see instructions).	57,162,629	55,215,014

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

57,162,629

Enter amount from Part I, line 27a .....................

-1,932,916

Other increases not included in line 2 (itemize) bullet

35,441

Add lines 1, 2, and 3 ..........................

55,265,154

Decreases not included in line 2 (itemize) bullet

57,346

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

55,207,808

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.)
1a
b
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(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
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2
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 ...................		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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	17,714
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	17,714
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	17,714
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	32,000
b	Exempt foreign organizations—tax withheld at source......	6b
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	32,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	31
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	14,255
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax14,255	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Yes

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

www.cornelldouglas.org

The books are in care of bullet

CORNELL DOUGLAS FOUNDATION INC Telephone no. bullet

(301) 229-3008

Located at bullet

4701 SANGAMORE RDBETHESDAMD ZIP+4 bullet

20816

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
ANN CORNELL	PRESIDENT & DIRECTOR 40.00	0	0	0
4701 SANGAMORE RD BETHESDA,MD20816	PRESIDENT & DIRECTOR 40.00	0	0	0
HOLLY CORNELL LOWEN	SECRETARY & DIRECTOR 4.00	0	0	0
4701 SANGAMORE RD BETHESDA,MD20816	SECRETARY & DIRECTOR 4.00	0	0	0
ALEX CORNELL	TREASURER 4.00	0	0	0
4701 SANGAMORE RD BETHESDA,MD20816	TREASURER 4.00	0	0	0

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...................				0

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	N/A	0
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	N/A	0
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

73,916,848

Average of monthly cash balances.......................

4,959,312

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

78,876,160

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

78,876,160

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

1,183,142

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

77,693,018

Minimum investment return. Enter 5% of line 5..................

3,884,651

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.)

Minimum investment return from Part X, line 6....................

3,884,651

Tax on investment income for 2020 from Part VI, line 5......

17,714

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

17,714

Distributable amount before adjustments. Subtract line 2c from line 1............

3,866,937

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

3,866,937

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

3,866,937

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

4,521,953

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

4,521,953

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

4,521,953

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)

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					3,866,937
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2020:
a From 2015......	841,884
b From 2016......	936,557
c From 2017......	904,077
d From 2018......	722,059
e From 2019......	4,034,564
fTotal of lines 3a through e........		7,439,141
4Qualifying distributions for 2020 from Part
XII, line 4: $ 4,521,953
a Applied to 2019, but not more than line 2a
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.....
e Remaining amount distributed out of corpus		4,521,953
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		11,961,094
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......
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 ..........					3,866,937
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) ...		841,884
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		11,119,210
10 Analysis of line 9:
a Excess from 2016....	936,557
b Excess from 2017....	904,077
c Excess from 2018....	722,059
d Excess from 2019....	4,034,564
e Excess from 2020....	4,521,953

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
SEE ATTACHED SCHEDULE OF GRANT DISBURSEMENTS,MD20816		PubliclySupported501	GENERAL SUPPORT	4,202,700
Total ................................. 3a				4,202,700

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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 ...........			14	133
4 Dividends and interest from securities....			14	1,285,353
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.....			14	0
8 Gain or (loss) from sales of assets other than inventory ............					1,316,713
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)..				1,285,486	1,316,713

13Total. Add line 12, columns (b), (d), and (e)..................

2,602,199

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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.)
8	FUNDS WERE USED TO PROVIDE GRANTS TO ORGANIZATIONS WHICH
8	PROMOTE ADVOCATING FOR ENVIRONMENTAL HEALTH AND JUSTICE,
8	ENCOURAGING STEWARDSHIP OF THE ENVIRONMENT & RESPECT FOR
8	SUBSTAINABILITY OF RESOURCES.

Form 990-PF (2020)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:
Part VI Line 7 -Original Return Overpayment:	-32,000

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2020 GainLossSaleOtherAssetsSch

Name:

CORNELL DOUGLAS FOUNDATION INC

EIN:

65-1287707

Name	Date Acquired	How Acquired	Date Sold	Gross Sales Price	Basis	Basis Method	Total (net)
SIEMENS A G	2020-11	Purchased	2020-11	4,318	17,171	Cost	-12,853
UNITED STATES TREAS	2019-10	Purchased	2020-04	446,593	446,593	Cost	0
CONTRA WELLS FARGO	2014-12	Purchased	2020-03	40,650	41,215	Cost	-565
INTERNATIONAL BUSINESS	2014-03	Purchased	2020-05	200,000	192,004	Cost	7,996
VIATRIS INC	2006-10	Purchased	2020-11	1	1	Cost	0
WELLS FARGO & CO	2014-12	Purchased	2020-03	25	25	Cost	0
ER T	2014-12	Purchased	2020-12	9,325	9,454	Cost	-129
SEE ATTACHED - US BANK	2020-01	Purchased	2020-10	8,727,878	8,550,988	Cost	176,890
SEE ATTACHED - US BANK	2018-10	Purchased	2020-07	7,591,418	6,446,044	Cost	1,145,374

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

CORNELL DOUGLAS FOUNDATION INC

EIN:

65-1287707

Name of Bond	End of Year Book Value	End of Year Fair Market Value
BERKSHIRE HATHAWAY FIN	100,021	100,112
VERIZON OWNER TRUST	249,996	252,418
CITIGROUP	104,994	108,162
JPMORGAN CHASE	110,228	110,583
ANALOG DEVICES INC	102,609	108,054
MARRIOTT INTERNATIONAL	51,205	58,485
APPLE INC	107,101	107,979
AVALONBAY COMMUNITIES	160,966	161,404
VERISK ANALYTICS INC	135,725	149,530
PVH CORPORATION	82,854	84,505
BANK OF AMERICA CORP	165,104	166,795
JB HUNT TRANSPRT SVCS	96,027	109,088
BALL CORP	47,746	50,828
AMERICAN TOWER CORP	133,067	151,137
THERMO FISHER SCIENTIFIC	98,290	106,786
HASBRO INC	130,269	152,551
CVS HEALTH CORP	151,825	166,594
TRIMBLE INC	94,552	113,676
MARRIOTT INTERNATIONAL	55,440	63,828
VERIZON COMMUNICATIONS	139,801	164,794
HUNTSMAN INTERNATIONAL	109,647	109,456
CONSERVATION FUND	192,636	207,846
AMPHENOL CORP	117,075	126,852
KIMBERLY CLARK CORP	56,921	63,337
MASTERCARD INC	52,531	58,137
NIKE INC	101,308	107,623
CONSOLIDATED EDIXON CO	50,580	57,296
ORACLE CORPORATION	100,482	111,814
THE TJX COMPANIES	102,057	119,992
VF CORPORATION	106,784	116,177
IDEX CORP	105,306	115,597
CLOROX CO	104,201	108,360
AGILENT TECHNOLOGIES INC	105,327	108,682
CROWN CASTLE INTERNATIONAL	104,487	117,524
ECOLAB INC	109,096	108,955
XYLEM INC	104,864	110,584
ALEXANDRIA REAL ESTATE	164,313	164,736
NORTHWELL HEALTHCARE INC	91,158	107,980
FORD FNDTN	105,751	106,994
NEXTERA ENERGY CAPITAL	48,771	54,750
AFRICAN DEVELOPMENT BANK	179,842	184,658
KFW	89,716	92,846
INTERNATIONAL FINANCE CORP	176,359	182,671
INTERNATIONAL BANK MTN	204,207	206,980
FORTIS INC	108,087	108,967
MARVELL TECHNOLOGY GROUP	147,503	157,102
APTIV PLC	31,348	34,864
KFW	507,953	502,448

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

CORNELL DOUGLAS FOUNDATION INC

EIN:

65-1287707

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3M CO	31,408	69,916
ALPHABET INC	67,315	438,065
AMBARELLA INC	35,087	91,820
APPLE INC	125,131	1,857,660
AT&T INC	76,906	69,024
AUTOMATIC DATA PROCESSING	86,412	229,060
AVANOS MED INC	1,395	2,845
CDK GOLBAL HOLDINGS	12,493	22,442
CISCO SYSTEMS INC	31,450	53,700
CLOROX COMPANY	91,525	212,016
COCA-COLA COMPANY	33,605	54,840
CORTEVA INC	730,662	1,757,849
COSTCO	34,035	150,712
DOMTAR CORP	11,095	9,495
DOW INC	1,426,870	2,519,644
DUPONT DE NEMOURS INC	2,093,947	3,228,323
ECOLAB INC	25,391	113,589
GENERAL MILLS INC	14,159	29,400
HANGER INC	8,671	8,796
IBM	20,933	18,882
INTEL CORP	32,451	69,748
IROBOT CORP	19,936	44,160
JOHNSON & JOHNSON	19,992	47,214
KIMBERLY-CLARK CORP	32,711	67,415
LULULEMON ATHLETICA INC	20,610	174,015
MICROSOFT CORP	23,081	177,936
NEW YORK TIMES	14,420	31,062
ORACLE CORPORATION	17,810	32,345
OWENS CORNING INC	8,172	22,728
PFIZER INCORPORATED	13,405	18,405
PROCTOR & GAMBLE CO	47,641	104,355
SEAGATE TECHNOLOGY	36,249	54,390
SIEMENS	39,160	50,253
SYSCO CORPORATION	31,578	66,834
TARGET CORP	23,339	70,612
TOYOTA MTR CORP	46,900	61,828
VERIZON COMMUNICATIONS	175,577	232,063
VIATRIS INC	735	1,162
WABTEC	468	439
WASTE MGMT INC	34,836	106,136
ADOBE INC	434,027	1,224,794
ALPHABET INC	643,721	1,381,080
AMAZON COM INC	592,753	1,693,604
AMERICAN TOWER CORP	995,688	1,339,353
ANALOG DEVICES INC	1,031,173	1,318,786
AUTODESK INC	584,521	1,210,368
BALL CORP	463,621	864,338
BIO RAD LABS INC	635,908	1,000,908
CADENCE DESIGN SYS INC	886,365	1,041,370
DANAHER CORP	384,586	1,420,807
DYNATRACE INC	982,806	1,062,105
ECOLAB INC	336,648	757,909
EDWARDS LIFESCIENCES CORP	490,286	838,221
ETSY INC	278,108	864,465
FORTIVE CORP	734,231	977,670
HOME DEPOT INC	745,168	945,342
IDEXX LABS INC	644,146	1,443,625
INTUIT INC	713,390	1,514,842
MICROSOFT CORP	751,149	1,746,664
MONOLITHIC POWER SYSTEMS INC	364,532	1,142,271
NIKE INC	723,633	1,011,369
NORDSON CORP	463,495	686,646
SERVICENOW INC	598,686	1,201,589
SQUARE INC A	537,812	685,566
STARBUCKS CORP	552,496	828,132
THERMO FISHER SCIENTIFIC INC	536,429	1,376,846
TYLER TECHNOLOGIES INC	207,841	551,325
UNITEDHEALTH GROUPINC	995,535	1,534,225
VERISK ANALYTICS INC	680,736	1,367,188
VISA INC	767,500	1,585,793
WEST PHARMACEUTICAL SVCS INC	564,836	1,247,981
ACCENTURE PLC	391,838	684,109
MARVELL TECHNOLOGY GROUP	576,615	1,211,983
ALPHABET INC	1,028,470	1,808,332
AMAZON COM INC	1,026,607	2,432,927
APPLE INC	924,807	2,496,164
FACEBOOK INC	1,133,452	1,837,820
MICROSOFT CORP	1,091,916	1,947,733
CORTEVA INC	1,741,840	3,999,776
DOW INC	3,146,056	5,733,150
DUPONT DE NEMOURS	4,801,339	7,345,663

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

CORNELL DOUGLAS FOUNDATION INC

EIN:

65-1287707

US Government Securities - End of Year Book Value:

5,091,441

US Government Securities - End of Year Fair Market Value:

5,375,485

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

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

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

CORNELL DOUGLAS FOUNDATION INC

EIN:

65-1287707

Category/ Item	Book Value	End of Year Fair Market Value
MUTUAL FUNDS	50,004	183,458
WELLS FARGO & CO	53,087	52,480
REIT PUBLIC STORAGE	28,331	40,413

- TIN:

TY 2020 LandEtcSchedule2

Name:

CORNELL DOUGLAS FOUNDATION INC

EIN:

65-1287707

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
FURNITURE & EQUIPMENT	32,212	26,295	5,917

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

CORNELL DOUGLAS FOUNDATION INC

EIN:

65-1287707

Description	Amount
FEDERAL TAX	57,346

- TIN:

TY 2020 OtherExpensesSchedule

Name:

CORNELL DOUGLAS FOUNDATION INC

EIN:

65-1287707

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
ADMINISTRATIVE EXP	36,870	36,870
AWARDS	1,636	1,636
DUES & FEES	22,000	22,000
INSURANCE	934	934
MANAGEMENT FEES	162,838	162,838
MISCELLANEOUS	766	766
OFFICE SUPPLIES	1,271	1,271
TELEPHONE EXPENSE	2,142	2,142
WEBSITE	41,050	41,050

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

CORNELL DOUGLAS FOUNDATION INC

EIN:

65-1287707

Description	Amount
DIFFERENCE IN FMV & COST	35,441

- TIN:

TY 2020 TaxesSchedule

Name:

CORNELL DOUGLAS FOUNDATION INC

EIN:

65-1287707

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX	170	170
MISC TAX	7,001	7,001