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
THE FAIRFIELD FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)HUGHES HUBBARD 1 BATTERY PARK PLAZ
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY100041482
A Employer identification number

80-6135476
B Telephone number (see instructions)

(212) 837-6440
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$15,455,836J 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... 118,381 118,169  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 647,313
b Gross sales price for all assets on line 6a 3,997,620
7 Capital gain net income (from Part IV, line 2)... 604,111
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 765,694 722,280  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 75,784 75,748   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 10,308 303   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 86,092 76,051   0
25 Contributions, gifts, grants paid....... 502,786 502,786
26 Total expenses and disbursements. Add lines 24 and 25 588,878 76,051   502,786
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 176,816
b Net investment income (if negative, enter -0-) 646,229
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 14,554 53,746 53,746
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 738,115 0 0
b Investments—corporate stock (attach schedule)....... 5,285,113 Click to see attachment6,559,083 15,402,090
c Investments—corporate bonds (attach schedule)....... 398,231 0 0
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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) 6,436,013 6,612,829 15,455,836
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 6,436,013 6,612,829
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 6,436,013 6,612,829
30 Total liabilities and net assets/fund balances (see instructions). 6,436,013 6,612,829
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
6,436,013
2
Enter amount from Part I, line 27a .....................
2
176,816
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
6,612,829
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,612,829
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 475 SHS SQUARE INC P   2020-01-03
b 425 SHS XILINX INC P 2019-05-13 2020-01-30
c 15 SHS AMGEN INC P 2019-08-27 2020-01-31
d 400 SHS VEEVA SYS INC P   2020-03-04
e 285 SHS NIKE INC CL B P 2019-04-25 2020-03-12
480 SHS FISERV INC P   2020-03-20
25 SHS WORKDAY INC CL A P 2019-08-30 2010-03-23
250 SHS SPLUNK INC P 2019-07-22 2020-04-01
460 SHS SQUARE INC P   2020-04-03
260 SHS J.P. MORGAN CHASE & CO P   2020-04-20
140 SHS J.P. MORGAN CHASE & CO P 2019-10-22 2020-04-29
35 SHS HONEYWELL INTERNATIONAL INC P 2020-04-09 2020-05-14
750 SHS PAYLOCITY HLDG CORP P   2020-05-14
120 SHS WORKDAY INC CL A P 2019-08-30 2020-05-20
240 SHS PAYLOCITY HLDG CORP P 2019-05-31 2020-05-22
180 SHS FISERV INC P 2019-07-03 2020-06-15
125 SHS APPLE COMPUTER INC P   2020-06-22
195 SHS BIOMARIN PHARMACEUTICAL INC P 2020-03-04 2020-06-22
80 SHS FIDELITY NATL INFORMATION SVCES INC P 2019-08-01 2020-06-22
45 SHS FISERV INC P 2019-07-03 2020-06-22
31 SHS GLOBAL PMTS INC P 2019-08-15 2020-06-22
85 SHS J.P. MORGAN CHASE & CO P 2019-10-22 2020-06-22
95 SHS VISA INC CLASS A SHARES P 2019-08-15 2020-06-22
80 SHS GILEAD SCIENCES INC P 2020-04-20 2020-07-09
170 SHS GLOBAL PMTS INC P 2019-08-15 2020-07-09
1000 SHS SLACK TECHNOLOGIES INC CL A P 2020-06-18 2020-07-28
200 SHS GILEAD SCIENCES INC P   2020-08-03
400 SHS BIOMARIN PHARMACEUTICAL INC P 2020-03-04 2020-08-19
140 SHS AMERICAN EXPRESS CO P 2020-02-26 2020-09-02
200 SHS APPLE COMPUTER INC P 2020-05-22 2020-09-02
75 SHS IMMUNOMEDICS INC P 2020-08-03 2020-09-02
520 SHS GILEAD SCIENCES INC P   2020-09-08
435 SHS IMMUNOMEDICS INC P   2020-09-15
525 SHS IMMUNOMEDICS INC P 2020-07-09 2020-09-15
250 SHS ABBVIE INC P   2020-09-18
50 SHS ZOOM VIDEO COMMUNICAITONS INC CL A P 2020-04-01 2020-09-23
250 SHS ABBVIE INC P 2020-05-14 2020-09-24
500 SHS BLACKSTONE GROUP INC CL A P   2020-09-24
500 SHS ISHARES CORE U.S. AGGREGATE BOND ETF P 2020-07-27 2020-09-24
500 SHS ISHARES TR MBS ETF P 2020-07-29 2020-09-24
25 SHS SKYWORKS SOLUTIONS INC P 2020-07-28 2020-09-24
40 SHS ZOOM VIDEO COMMUNICATIONS INC CL A P 2020-04-01 2020-09-24
700 SHS APPLIED MATERIALS INC P   2020-10-02
820 SHS BANK OF AMERICA CORP P 2019-12-20 2020-10-06
160 SHS VERTEX PHARMACEUTICALS INC P 2020-06-22 2020-10-14
140 SHS VERTEX PHARMACEUTICALS INC P   2020-10-23
45 SHS ZOOM VIDEO COMMUNICATIONS INC CL A P 2020-04-01 2020-11-11
75 SHS ALIBABA GROUP HLDG LTD P   2020-11-17
175 SHS ALIBABA GROUP HLDG LTD P 2020-06-16 2020-11-18
1000 SHS ASTRAZENECA PLC-SPONS ADR P   2020-11-19
80 SHS ZOOM VIDEO COMMUNICATIONS INC CL A P 2020-04-01 2020-11-19
200 SHS SKYWORKS SOLUTIONS INC P 2020-07-28 2020-11-24
600 SHS PELOTON INTERACTIVE IN CL A P 2020-09-11 2020-12-09
175 SHS MOODY'S CORPORATION P   2020-12-18
15 SHS AMGEN INC P 2020-09-24 2020-12-22
10 SHS CONSTELLATION BRANDS INC P 2014-11-20 2020-01-16
125 SHS BOEING CO P   2020-01-22
385 SHS SAGE THERAPEUTICS INC P   2020-01-30
20 SHS BOOKING HLDGS INC P 2014-11-19 2020-01-31
5 SHS BOOKING HLDGS INC P 2014-11-19 2020-02-07
10 SHS BOOKING HLDGS INC P 2014-11-19 2020-02-26
505 SHS BOSTON SCIENTIFIC CORP P 2018-10-23 2020-02-27
70 SHS CONSTELLATION BRANDS INC P 2014-11-20 2020-02-27
300 SHS CISCO SYS INC P 2018-11-19 2020-02-28
120 SHS CONSTELLATION BRANDS INC P 2014-11-20 2020-03-02
250 SHS TWILIO INC CL A P 2019-03-04 2020-03-09
165 SHS MCDONALDS CORP P   2020-03-11
455 SHS BOSTON SCIENTIFIC CORP P 2018-10-23 2020-03-12
125 SHS BOEING CO P 2018-02-09 2020-03-17
255 SHS UNITED TECHNOLOTIES CP P   2020-03-17
340 SHS UNITED TECHNOLOGIES CP P   2020-03-18
444 SHS RAYTHEON COMPANY P   2020-03-19
15 SHS SPLUNK INC P 2018-09-26 2020-04-01
130 SHS THERMO ELECTRON CORP P 2015-03-24 2020-04-06
205 SHS CARRIER GLOBAL CORPORATION P 2014-11-20 2020-04-08
102 SHS OTIS WORLDWIDE CORP P 2014-11-20 2020-04-09
.5 SHS OTIS WORLDWIDE CORP P 2014-11-20 2020-04-13
205 SHS RAYTHEON TECHNOLOGIES P 2014-11-20 2020-04-28
85 SHS MCDONALDS CORP P 2018-10-31 2020-05-08
130 SHS HONEYWELL INTERNATIONAL INC P   2020-05-14
65 SHS UNION PAC CORP P 2015-02-26 2020-05-18
195 SHS SALESFORCE COM INC P   2020-05-20
50 SHS WORKDAY INC CL A P 2017-03-16 2020-05-20
9 SHS AMAZON COM INC P 2016-02-06 2020-06-11
21 SHS AMAZON COM INC P 2016-02-05 2020-06-22
75 SHS JOHNSON & JOHNSON P 2011-08-01 2020-06-22
120 SHS MICROSOFT CORP P 2018-09-10 2020-06-22
75 SHS NVIDIA CORP P 2016-09-07 2020-06-22
75 SHS PAYPAL HLDGS INC P 2018-07-20 2020-06-22
40 SHS AMAZON COM INC P   2020-06-30
200 SHS FISERV INC P 2019-07-03 2020-07-09
35 SHS AMAZON COM INC P   2020-07-10
215 SHS PAYCOM SOFTWARE INC P 2016-03-18 2020-08-25
26 SHS ALPHABET INC CL C P 2016-02-03 2020-09-02
50 SHS FIDELITY NATL INFORMATION SVCS INC P 2019-08-01 2020-09-02
70 SHS HONEYWELL INTERNATIONAL INC P 2015-04-16 2020-09-02
200 SHS PAYCOM SOFTWARE INC P 2016-03-18 2020-09-11
115 SHS PAYCOM SOFTWARE INC P 2016-03-18 2020-09-23
50 SHS ADOBE SYS INC P 2017-06-29 2020-09-24
30 SHS GLOBAL PMTS INC P 2019-08-15 2020-09-24
20 SHS PAYCOM SOFTWARE INC P 2016-03-18 2020-09-24
60 SHS PAYLOCITY HLDG CORP P   2020-09-24
60 SHS SALESFORCE COM INC P 2016-03-23 2020-09-24
20 SHS THE TRADE DESK INC CL A P 2019-08-09 2020-09-24
215 SHS FIDELITY NATL INFORMATION SVCES INC P 2019-08-01 2020-10-29
260 SHS SPLUNK INC P 2018-09-26 2020-12-03
245 SHS SALESFORCE COM P   2020-12-07
215 SHS SALESFORCE COM P   2020-12-07
175 SHS SALESFORCE COM P   2020-12-08
145 SHS SALESFORCE COM P 2017-06-29 2020-12-11
25 SHS AMGEN INC P 2019-08-27 2020-12-22
200000 SHS KANSAS ST DEV FIN 5.17% 3/1/25 P 2012-09-18 2020-03-01
200000 SHS GENERAL ELEC 4.375% 9/16/20 P 2010-09-16 2020-04-24
200000 SHS WAL MART STORES INC 3.625% 7/8/20 P 2010-07-23 2020-06-22
200000 SHS HOUSTON TEX INDPT SC 5.561% 2/15/14 P 2012-07-19 2020-07-23
250000 SHS UNIVERSITY N C CHAPE 2.285% 12/1/20 P 2012-07-12 2020-07-27
(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 29,750   29,664 86
b 36,445   46,982 -10,537
c 3,159   3,098 61
d 57,417   64,793 -7,376
e 21,306   25,190 -3,884
40,814   46,050 -5,236
3,143   4,407 -1,264
27,357   34,885 -7,528
19,744   31,631 -11,887
24,231   32,678 -8,447
13,836   17,283 -3,447
4,353   5,085 -732
81,404   78,027 3,377
18,987   21,155 -2,168
28,458   24,518 3,940
17,681   16,957 724
44,650   39,791 4,859
23,973   18,815 5,158
11,102   9,548 1,554
4,567   4,239 328
5,487   4,800 687
8,292   10,493 -2,201
18,554   16,666 1,888
5,976   5,976 0
27,699   26,321 1,378
28,751   33,380 -4,629
14,362   16,991 -2,629
30,961   38,595 -7,634
14,485   16,717 -2,232
26,196   15,894 10,302
3,155   3,345 -190
33,293   39,064 -5,771
36,792   19,028 17,764
44,483   22,358 22,125
22,354   22,762 -408
26,045   6,878 19,167
21,506   22,490 -984
24,650   26,224 -1,574
59,036   59,680 -644
55,130   55,358 -228
3,382   3,407 -25
18,826   5,502 13,324
41,275   44,081 -2,806
20,561   28,750 -8,189
43,388   46,968 -3,580
29,576   32,739 -3,163
18,423   6,190 12,233
19,329   21,305 -1,976
44,428   39,068 5,360
53,828   51,497 2,331
33,055   11,004 22,051
27,762   27,252 510
70,065   51,655 18,410
49,196   49,618 -422
3,326   3,602 -276
1,904   940 964
37,904   44,647 -6,743
25,472   63,660 -38,188
36,664   23,085 13,579
9,535   5,771 3,764
16,710   11,542 5,168
19,736   18,128 1,608
12,638   6,583 6,055
11,885   13,653 -1,768
20,680   11,285 9,395
23,472   29,075 -5,603
31,141   29,519 1,622
14,433   16,333 -1,900
14,025   40,891 -26,866
22,937   28,026 -5,089
24,664   37,037 -12,373
51,659   64,887 -13,228
1,641   1,769 -128
38,815   17,777 21,038
2,839   4,164 -1,325
4,758   5,796 -1,038
22   28 -6
13,420   22,280 -8,860
15,295   15,107 188
16,168   12,890 3,278
10,382   7,940 2,442
34,680   25,752 8,928
7,911   4,248 3,663
23,106   4,593 18,513
56,672   10,718 45,954
10,706   4,836 5,870
23,883   13,135 10,748
28,444   4,708 23,736
12,721   6,558 6,163
110,539   19,730 90,809
18,978   18,841 137
112,071   13,258 98,813
61,423   7,375 54,048
44,249   19,255 24,994
7,735   5,968 1,767
11,958   6,896 5,062
53,247   6,861 46,386
31,709   3,945 27,764
23,326   7,016 16,310
5,205   4,645 560
5,487   686 4,801
8,717   6,117 2,600
14,235   6,978 7,257
9,107   5,540 3,567
27,479   25,661 1,818
42,693   30,661 12,032
55,835   23,498 32,337
48,804   24,712 24,092
39,634   15,036 24,598
32,115   12,587 19,528
5,543   5,164 379
200,000   201,138 -1,138
202,000   198,371 3,629
200,250   199,860 390
200,702   225,337 -24,635
251,653   250,558 1,095
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       86
b       -10,537
c       61
d       -7,376
e       -3,884
      -5,236
      -1,264
      -7,528
      -11,887
      -8,447
      -3,447
      -732
      3,377
      -2,168
      3,940
      724
      4,859
      5,158
      1,554
      328
      687
      -2,201
      1,888
      0
      1,378
      -4,629
      -2,629
      -7,634
      -2,232
      10,302
      -190
      -5,771
      17,764
      22,125
      -408
      19,167
      -984
      -1,574
      -644
      -228
      -25
      13,324
      -2,806
      -8,189
      -3,580
      -3,163
      12,233
      -1,976
      5,360
      2,331
      22,051
      510
      18,410
      -422
      -276
      964
      -6,743
      -38,188
      13,579
      3,764
      5,168
      1,608
      6,055
      -1,768
      9,395
      -5,603
      1,622
      -1,900
      -26,866
      -5,089
      -12,373
      -13,228
      -128
      21,038
      -1,325
      -1,038
      -6
      -8,860
      188
      3,278
      2,442
      8,928
      3,663
      18,513
      45,954
      5,870
      10,748
      23,736
      6,163
      90,809
      137
      98,813
      54,048
      24,994
      1,767
      5,062
      46,386
      27,764
      16,310
      560
      4,801
      2,600
      7,257
      3,567
      1,818
      12,032
      32,337
      24,092
      24,598
      19,528
      379
      -1,138
      3,629
      390
      -24,635
      1,095
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 2 604,111
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 8,983
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 8,983
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 8,983
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 5,840
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,840
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,143
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 taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCT
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletKENNETH R PAGE ESQ Telephone no.bullet (212) 837-6440

    Located atbulletHUGHES HUBBARD REED 1 BATTERY PKPLAZANYNY ZIP+4bullet10004
    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
    G ANNE HARRIS TRUSTEE
    0.25     		0 0 0
    C/O HUGHES HUBBARD REED 1 BATTERY
    PARK PLAZA,NY10004
    DAVID F HARRIS TRUSTEE
    0.25     		0 0 0
    C/O HUGHES HUBBARD REED 1 BATTERY
    PARK PLAZA,NY10004
    JOHN M HARRIS TRUSTEE
    0.25     		0 0 0
    C/O HUGHES HUBBARD REED 1 BATTERY
    PARK PLAZA,NY10004
    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 NONE 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 NONE 0
    2  
    All other program-related investments. See instructions.
    3 Click to see attachment 0
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    12,701,742
    b
    Average of monthly cash balances.......................
    1b
    105,676
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,807,418
    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
    12,807,418
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    192,111
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,615,307
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    630,765
    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
    630,765
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    8,983
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    8,983
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    621,782
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    621,782
    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
    621,782
    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
    502,786
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    502,786
    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
    502,786
    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 7 621,782
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 502,786
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 502,786
    a Applied to 2019, but not more than line 2a 502,786
    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..... 0
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		621,782
    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....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    THE FAIRFIELD FOUNDATION CO
    KENNETH R PAGE HUGHES HUBBARD REED
    LLP
    BATTERY PK PLAZA,NY10004
    (212) 837-6440
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BEACON HILL NURSERY SCHOOL
    74 JOY STREET
    BOSTON,MA02114     		NONE PUBLIC CHARITY EDUCATIONEDUCATION 10,000
    BOSTON CHILDREN'S HOSPITAL
    401 PARK DRIVE SUITE 602
    BOSTON,MA02215     		NONE PUBLIC CHARITY HEALTH SERVICES 10,595
    CHILDCARE RESOURCES OF INDIAN RIVER
    2300 FIFTH AVENUE SUITE 149
    VERO BEACH,FL32960     		NONE PUBLIC CHARITY COMMUNITY SERVICE 3,500
    CHOATE ROSEMARY HALL
    333 CHRISTIAN STREET
    WALLINGFORD,CT06492     		NONE PUBLIC CHARITY EDUCATION 1,000
    FISHER ISLAND LIBRARY
    988 ORIENTAL AVE
    FISHERS ISLAND,NY06390     		NONE PUBLIC CHARITY EDUCATIONEDUCATIONEDUCATION 1,000
    FISHER ISLAND NET
    PO BOX 464
    FISHERS ISLAND,NY06390     		NONE PUBLIC CHARITY COMMUNITY SERVICES 1,000
    FISHERS ISLAND COMMUNITY CENTER
    PO BOX 464
    FISHERS ISLAND,NY06390     		NONE PUBLIC CHARITY COMMUNITY SERVICE 22,500
    FISHERS ISLAND CONSERVANCY
    PO BOX 553
    FISHERS ISLAND,NY06390     		NONE PUBLIC CHARITY COMMUNITY SERVICE 6,000
    FISHERS ISLAND FIRE DEPARTMENT
    PO BOX 222
    FISHERS ISLAND,NY06390     		NONE PUBLIC CHARITY COMMUNITY SERVICE 8,000
    FISHERS ISLAND RECREATIONAL
    PO BOX 661
    FISHERS ISLAND,NY06390     		NONE PUBLIC CHARITY COMMUNITY SERVICE 10,000
    FISHERS ISLAND UNION CHAPEL
    PO BOX 192
    FISHERS ISLAND,NY06390     		NONE PUBLIC CHARITY COMMUNITY SERVICE 1,500
    FOCUSED ULTRASOUND FOUNDATION
    1230 CEDARS COURT SUITE 206
    CHARLOTTESVILLE,VA22903     		NONE PUBLIC CHARITY HEALTH SERVICES 5,000
    FREEDOM INSITUTE
    515 MADISON AVENUE 13
    NEW YORK,NY10022     		NONE PUBLIC CHARITY COMMUNITY SERVICE 500
    HENRY L FERGUSON MUSEUM
    PO BOX 554
    FISHERS ISLAND,NY06390     		NONE PUBLIC CHARITY EDUCATION 7,096
    HUMANE SOCIETY OF VERO BEACH & INDIAN RIVER
    PO BOX 644
    VERO BEACH,FL32961     		NONE PUBLIC CHARITY COMMUNITY SERVICE 1,000
    INDIAN MOUNTAIN SCHOOL ANNUAL FUND
    211 INDIAN MOUNTAIN ROAD
    LAKEVILLE,CT06039     		NONE PUBLIC CHARITY EDUCATION 1,000
    INDIAN RIVER LAND TRUST
    80 ROYAL PALM POINTE
    VERO BEACH,FL32963     		NONE PUBLIC CHARITY COMMUNITY SERVICE 1,000
    INDIAN RIVER MEDICAL CENTER FOUNDATION
    1000 37TH PLACE SUITE 101
    VERO BEACH,FL32960     		NONE PUBLIC CHARITY HEALTH SERVICES 10,000
    ISLAND HEALTH PROJECT
    PO BOX 344
    FISHERS ISLAND,NY06390     		NONE PUBLIC CHARITY HEALTH SERVICES 17,000
    JOHN'S ISLAND COMMUNITY SERVICE LEAGUE
    666 BEACHLAND BLVD
    VERO BEACH,FL32963     		NONE PUBLIC CHARITY COMMUNITY SERVICE 10,000
    JOHN'S ISLAND FOUNDATION
    956 BEACHLAND BLVD
    VERO BEACH,FL32963     		NONE PUBLIC CHARITY COMMUNITY SERVICE 30,000
    MASSACHUSETTS GENERAL HOSPITAL
    165 CAMBRIDGE ST
    BOSTON,MA02144     		NONE PUBLIC CHARITY HEALTH SERVICES 5,000
    MCKEE BOTANICAL GARDEN
    350 US HIGHWAY 1
    VERO BEACH,FL32962     		NONE PUBLIC CHARITY COMMUNITY SERVICE 5,000
    MILBROOK GARDEN CLUB
    PO BOX 522
    MILLERTON,NY12546     		NONE PUBLIC CHARITY COMMUNITY SERVICES 1,500
    NEW ENGLAND BAPTIST HOSPITAL
    125 PARKER HILL AVENUE
    BOSTON,MA02120     		NONE PUBLIC CHARITY HEALTH SERVICES 10,000
    NOBLE HORIZONS AUXILIARY
    17 COBBLE ROAD
    SALISBURY,CT06068     		NONE PUBLIC CHARITY COMMUNITY SERVICE 2,000
    SALISBURY SCHOOL
    251 CANAAN RD
    SALISBURY,CT06068     		NONE PUBLIC CHARITY EDUCATION 102,500
    SALISBURY VOLUNTEER AMBULANCE
    UNDER MOUNTAIN ROAD
    SALISBURY,CT06068     		NONE PUBLIC CHARITY COMMUNITY SERVICE 2,500
    SCOVILLE MEMORIAL LIBRARY
    38 MAIN STREET
    SALISBURY,CT06068     		NONE PUBLIC CHARITY EDUCATION 121,000
    SHORE COUNTRY DAY SCHOOL
    545 CABOT ST
    BEVERLY,MA01915     		NONE PUBLIC CHARITY EDUCATION 1,000
    SKIDMORE COLLEGE
    815 N BROADWAY
    SARATOGA SPRINGS,NY12866     		NONE PUBLIC CHARITY EDUCATION 5,000
    SOAR ENRICHMENT PROGRAM
    45 LINCOLN CITY ROAD
    LAKEVILLE,CT06039     		NONE PUBLIC CHARITY EDUCATION 1,000
    ST GEORGE'S SCHOOL
    372 PURGATORY ROAD
    MIDDLETON,RI02842     		NONE PUBLIC CHARITY EDUCATION 5,000
    ST JOHN'S CHURCH FISHER ISLAND
    PO BOX 505
    FISHERS ISLAND,NY06390     		NONE PUBLIC CHARITY COMMUNITY SERVICE 14,590
    ST JOHN'S EPISCOPAL CHURCH
    1525 H STREET NW
    WASHINGTON,DC20005     		NONE PUBLIC CHARITY COMMUNITY SERVICE 25,005
    ST LAWRENCE UNIVERSITY
    23 ROMODA DR
    CANTON,NY13617     		NONE PUBLIC CHARITY EDUCATION 5,000
    THE CORNER FOOD PANTRY
    PO BOX 705
    LAKEVILLE,CT06039     		NONE PUBLIC CHARITY COMMUNITY SERVICE 2,000
    THE EQUUS EFFECT
    37 DRUM ROAD
    SHARON,CT06069     		NONE PUBLIC CHARITY COMMUNITY SERVICE 500
    THE LIGHTHOUSE WORKS
    PO BOX 385
    FISHERS ISLAND,NY06390     		NONE PUBLIC CHARITY COMMUNITY SERVICE 5,000
    THE PARK SCHOOL
    171 GODDARD AVENUE
    BROOKLINE,MA02445     		NONE PUBLIC CHARITY EDUCATION 5,000
    THE TRIANGLE FUND
    80 MARKET STREET STE 202
    CORNING,NY14830     		NONE PUBLIC CHARITY COMMUNITY SERVICE 1,000
    THE WOMEN'S FUND
    175 ANDOVER STREET
    DANVERS,MA01923     		NONE PUBLIC CHARITY COMMUNITY SERVICE 7,500
    VERO BEACH DOG PARK
    3449 INDIAN RIVER DRIVE E
    VERO BEACH,FL32963     		NONE PUBLIC CHARITY COMMUNITY SERVICE 1,000
    WALSH PARK BENEVOLENT CORPORATION
    PO BOX 684
    FISHERS ISLAND,NY06390     		NONE PUBLIC CHARITY COMMUNITY SERVICE 10,000
    WILLIAMS COLLEGE
    75 PARK STREET
    WILIIAMSTOWN,MA01267     		NONE PUBLIC CHARITY EDUCATION 5,000
    YOUTH SAILING FOUNDATION
    17 17TH STREET
    VERO BEACH,FL39262     		NONE PUBLIC CHARITY COMMUNITY SERVICE 2,000
    Total .................................bullet 3a 502,786
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 118,381  
    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 ............     		    18 647,313  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 765,694 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    765,694
    (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 AllOthProgRltdInvestmentsSch
    Name:
    THE FAIRFIELD FOUNDATION
    EIN:
    80-6135476
    Category Amount
    NONE 0

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE FAIRFIELD FOUNDATION
    EIN:
    80-6135476
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMAZON.COM INC. 210,357 1,302,772
    AMGEN INC 47,723 59,779
    APPLE INC 412,128 1,353,438
    FACEBOOK INC. CLASS A 190,032 655,584
    HONEYWELL INTL INC. 69,736 115,922
    JOHNSON & JOHNSON 100,805 178,626
    JPMORGAN CHASE & CO 137,842 190,605
    MASTERCARD INC. 94,890 392,634
    MERCK & CO. 125,206 167,690
    MICROSOFT CORP. 333,530 1,112,100
    NETFLIX COM INC 120,408 178,441
    PEPSICO INC 46,375 59,320
    THERMO FISCHER CORP 23,247 79,183
    UNION PACIFIC CORP. 129,649 236,330
    VISA INC CL A 138,675 415,587
    WALT DISNEY COMPANY 239,340 307,100
    BANK OF AMERICA CORPORATION 80,687 78,200
    HOME DEPOT 90,312 166,013
    NVIDIA CORP 84,534 783,300
    PAYCOM SOFTWARE INC 16,310 203,513
    ADOBE SYS INC. COM 72,234 300,072
    ALPHABET INC. CL C 355,096 1,094,925
    INTUITIVE SURGICAL INC COM NEW 72,748 151,349
    LOCKHEED MARTIN CORP COM 58,332 67,446
    PAYPAL HOLDINGS INC COM 195,195 562,080
    RAYTHEON CO COM NEW 105,552 105,477
    SALESFORCE COM INC. 41,717 93,463
    SERVICENOW INC COM 162,844 547,678
    UNITEDHEALTH GROUP INC COM 98,196 150,792
    WORKDAY INC CL A 77,554 191,688
    BOEING CO 67,263 59,937
    DEXCOM INC 100,464 166,374
    IDEXX LABS INC 59,011 139,964
    S&P GLOBAL INC 199,100 333,660
    SHOPIFY SUBD VTG SHS CL A 86,968 396,183
    ABBOTT LABS COM 85,362 109,490
    ELI LILLY & CO 53,393 67,536
    FIDELITY NATL INFORMATION SVCS 86,715 103,973
    GLOBAL PMTS INC 97,614 150,794
    NIKE INC CL B 91,441 123,079
    PAYLOCITY HOLDING CORP 46,355 92,660
    STARBUCKS CORP 41,922 57,769
    TRADE DESK INC/THE 77,969 280,350
    TWILIO INC 65,586 76,163
    VEEVA SYSTEMS INC 32,354 54,450
    ABBVIE INC 45,116 53,575
    BLACKROCK INC 32,380 54,116
    BRISTOL MYERS SQUIBB CO 51,346 56,447
    COSTAR GROUP INC 34,697 46,214
    COSTCO WHSL CORP NEW 53,784 65,937
    CROWDSTRIKE HOLDINGS INC 43,479 185,343
    DANAHER CORP DEL 24,698 44,428
    EDWARDS LIFESCIENCES CORP 36,449 43,334
    GENMAB A/S SPONSORED ADR 30,963 40,660
    INTUIT 47,233 47,481
    NOVO-NORDISK A S 53,743 59,373
    OKTA INC 23,862 52,123
    PALO ALTO NETWORKS IN 72,839 95,955
    QUALCOMM INC 126,535 255,931
    ROCHE HLDG LTD SPONSORED ADR 43,973 44,133
    SEAGEN INC 45,420 45,536
    STRYKER CORP 88,824 106,592
    TELADOC INC 41,612 39,992
    TEXAS INSTR INC 43,726 57,446
    ZOETIS 39,931 41,375
    ISHARES TR BARCLYS MBS BD 276,684 275,325
    ISHARES TR CORE TOTUSBD ETF 179,018 177,285

    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE FAIRFIELD FOUNDATION
    EIN:
    80-6135476
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 75,784 75,748   0


    TY 2020 TaxesSchedule
    Name:
    THE FAIRFIELD FOUNDATION
    EIN:
    80-6135476
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2019 US TAX 10,005 0   0
    FOREIGN TAXES 237 237   0
    ADR FEES 66 66   0