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
ARTS EQUITY & EDUCATION FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)875 GREENTREE RD SEVEN PKWY CNTR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA15220
A Employer identification number

82-3746641
B Telephone number (see instructions)

(412) 391-2920
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$10,501,748J 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) 1,272,235
2 Check bullet.............
3 Interest on savings and temporary cash investments 53,943 53,943  
4 Dividends and interest from securities... 145,272 145,272  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 218,654
b Gross sales price for all assets on line 6a 2,547,997
7 Capital gain net income (from Part IV, line 2)... 218,654
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........ 1,690,104 417,869  
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)....... Click to see attachment 7,350 3,675   3,675
c Other professional fees (attach schedule).... Click to see attachment 31,560 31,560   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 8,803 0   8,803
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 47,713 35,235   12,478
25 Contributions, gifts, grants paid....... 522,825 522,825
26 Total expenses and disbursements. Add lines 24 and 25 570,538 35,235   535,303
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,119,566
b Net investment income (if negative, enter -0-) 382,634
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............. 102,156 739,271 739,271
2 Savings and temporary cash investments.........      
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) 1,370,107 Click to see attachment1,131,129 1,207,938
b Investments—corporate stock (attach schedule)....... 139,205 Click to see attachment77,268 811,911
c Investments—corporate bonds (attach schedule)....... 434,331 Click to see attachment299,012 333,827
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,663,709 Click to see attachment4,582,394 7,408,801
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) 5,709,508 6,829,074 10,501,748
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 5,709,508 6,829,074
29 Total net assets or fund balances (see instructions)..... 5,709,508 6,829,074
30 Total liabilities and net assets/fund balances (see instructions). 5,709,508 6,829,074
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
5,709,508
2
Enter amount from Part I, line 27a .....................
2
1,119,566
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
6,829,074
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
6,829,074
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 VANGUARD ENERGY FUND P 2019-12-23 2020-03-05
b CONOCOPHILLIPS D 2004-12-30 2020-03-05
c EXXON MOBIL D 1980-01-01 2020-03-05
d ISHARES CORE S&P 500 D 2020-01-13 2020-03-05
e ISHARES CORE S&P 500 D 2018-11-02 2020-03-05
ISHARES CORE S&P 500 D 2012-08-08 2020-03-05
ISHARES CORE S&P 500 P 2018-07-05 2020-03-05
ISHARES CORE S&P 500 D 2018-12-07 2020-03-05
ISHARES CORE S&P 500 D 2019-01-04 2020-03-05
FARM CREDIT P 2018-02-09 2020-03-06
FARM CREDIT P 2019-02-22 2020-03-06
FHLB P 2018-03-13 2020-03-16
ISHARES CORE S&P MID CAP P 2019-05-30 2020-04-03
ISHARES CORE S&P SMALL CAP P 2019-05-30 2020-04-03
ISHARES US REAL ESTATE P 2020-03-05 2020-04-03
EXXON MOBIL P 2019-06-28 2020-04-20
ISHARES CORE S&P MID CAP D 2016-04-04 2020-04-03
ISHARES CORE S&P MID CAP P 2018-07-15 2020-04-03
ISHARES CORE S&P MID CAP D 2019-01-04 2020-04-30
ISHARES CORE S&P SMALL CAP P 2019-02-08 2020-04-03
ISHARES CORE S&P SMALL CAP P 2016-04-04 2020-04-03
ISHARES RUSSELL 2000 P 2018-02-01 2020-04-30
ISHARES US REAL ESTATE P 2018-11-27 2020-04-03
ISHARES US REAL ESTATE P 2019-02-08 2020-04-03
PORT AUTHORITY NY P 2018-03-13 2020-04-03
CHEVRON CORP P 2018-02-08 2020-04-17
METROPOLITAN TR P 2018-02-20 2020-07-01
FEDERAL FARM CREDIT P 2020-04-30 2020-08-04
NH ST HSG FA SF P 2018-03-21 2020-08-01
COCA COLA P 2018-03-12 2020-10-27
TOUCHSTONE SANDS P 2019-12-27 2020-11-18
WCM FOCUSED INTL GROWTH P 2019-12-06 2020-11-18
US TREASURY NOTE P 2019-06-11 2020-10-31
ARKANSAS ST P 2019-02-27 2020-11-03
AMAZON.COM D 2012-05-04 2020-11-18
APPLE INC D 2012-05-01 2020-11-18
TOUCHSTONE SANDS P 2018-02-01 2020-11-18
VANGUARD FTSE EMERGING MKT D 2016-04-04 2020-11-18
VANGUARD FTSE EMERGING MKT D 2016-06-27 2020-11-18
NH ST HSG FA SF P 2018-03-21 2020-12-01
3M CO P 2018-03-21 2020-12-23
ISHARES CORE S&P SMALL CAP P 2019-02-08 2020-04-03
(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 81,402   98,813 -17,411
b 19,100   13,264 5,836
c 14,977   13,421 1,556
d 134,194   145,608 -11,414
e 49,488   44,656 4,832
173,663   80,665 92,998
94,118   84,830 9,288
170,629   150,826 19,803
220,115   183,018 37,097
75,000   73,572 1,428
25,000   23,990 1,010
75,000   72,608 2,392
16,114   22,198 -6,084
8,311   12,135 -3,824
44,903   64,599 -19,696
53,110   51,835 1,275
17,313   18,814 -1,501
57,932   84,982 -27,050
19,311   24,327 -5,016
21,575   29,954 -8,379
45,890   50,733 -4,843
173,665   260,376 -86,711
147,106   183,571 -36,465
27,623   36,146 -8,523
27,945   29,033 -1,088
26,356   25,147 1,209
100,000   100,365 -365
25,000   25,010 -10
5,000   4,875 125
35,000   34,306 694
25,230   17,942 7,288
59,985   46,609 13,376
50,000   49,951 49
50,000   49,928 72
125,097   9,213 115,884
149,597   26,039 123,558
4,755   3,324 1,431
33,442   24,304 9,138
28,664   19,822 8,842
5,000   4,875 125
25,268   24,452 816
6,119   9,207 -3,088
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       -17,411
b       5,836
c       1,556
d       -11,414
e       4,832
      92,998
      9,288
      19,803
      37,097
      1,428
      1,010
      2,392
      -6,084
      -3,824
      -19,696
      1,275
      -1,501
      -27,050
      -5,016
      -8,379
      -4,843
      -86,711
      -36,465
      -8,523
      -1,088
      1,209
      -365
      -10
      125
      694
      7,288
      13,376
      49
      72
      115,884
      123,558
      1,431
      9,138
      8,842
      125
      816
      -3,088
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 2 218,654
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 5,319
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 5,319
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 5,319
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 12,758
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 12,758
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 7,439
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet7,439 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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)
    bulletPA
    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 addressbulletWWW.AEEFUND.ORG
    14
    The books are in care ofbulletTHE ORGANIZATION Telephone no.bullet (412) 391-2920

    Located atbullet875 GREENTREE RD SEVEN PKWY CNTRPITTSBURGHPA ZIP+4bullet15220
    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
    CHRISTOPHER C FLEISCHNER PRESIDENT
    1.00     		0 0 0
    875 GREENTREE ROAD
    PITTSBURGH,PA15220
    DAWN N FLEISCHNER CHAIRMAN OF THE BOARD
    1.00     		0 0 0
    875 GREENTREE ROAD
    PITTSBURGH,PA15220
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    8,564,995
    b
    Average of monthly cash balances.......................
    1b
    424,252
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,989,247
    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
    8,989,247
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    134,839
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,854,408
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    442,720
    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
    442,720
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    5,319
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,319
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    437,401
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    437,401
    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
    437,401
    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
    535,303
    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
    535,303
    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
    535,303
    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 7 437,401
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 82,921
    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$ 535,303
    a Applied to 2019, but not more than line 2a 82,921
    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..... 437,401
    e Remaining amount distributed out of corpus 14,981
    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 14,981
    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 ..........     		0
    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 ......     		14,981
    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.... 14,981
    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).)
    CHRISTOPHER C FLEISCHNER
    DAWN N FLEISCHNER
    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:
    DAWN N FLEISCHNER
    875 GREENTREE RD SEVEN PKWY CNTR
    PITTSBURGH,PA15220
    (412) 391-2920
    bThe form in which applications should be submitted and information and materials they should include:
    NO SET PRESCRIBED FORM.
    cAny submission deadlines:
    NO.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS ARE MADE TO ORGANIZATIONS AUTHORIZED TO CARRY ON CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY OR EDUCATIONAL ACTIVITIES.
    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
    ARTS ADMINISTRATIORS OF COLOR
    1001 3RD ST SW
    WASHINGTON,DC20024     		NONE PUBLIC CHARITY SUPPORT OF EMERGENCY FUND 5,000
    ANDY WARHOL MUSEUM
    4400 FORBES AVENUE
    PITTSBURGH,PA15213     		NONE PUBLIC CHARITY SUPPORT OF FANTASY AMERICA EXHIBITION AND OTHER EXHIBITIONS 25,000
    ART 21
    231 WEST 29TH STREET
    NEW YORK,NY10001     		NONE PUBLIC CHARITY SUPPORT OF VARIOUS FILMS AND EDUCATIONAL RESOURCES ON CONTEMPORARY ART 15,000
    AUGUST WILSON AFRICAN AMERICAN CULTURAL CENTER
    980 LIBERTY AVENUE
    PITTSBURGH,PA15222     		NONE PUBLIC CHARITY SUPPORT OF PROGRAMMING AND OPERATIONS 5,000
    CARNEGIE MUSEUM OF ART
    4400 FORBES AVENUE
    PITTSBURGH,PA15213     		NONE PUBLIC CHARITY SUPPORT OF CURATORIAL FELLOWSHIP 40,000
    CARNEGIE MUSEUM OF ART
    4400 FORBES AVENUE
    PITTSBURGH,PA15213     		NONE PUBLIC CHARITY SUPPORT OF SHARIF BEY: EXCAVATIONS EXHIBITION 25,000
    FUND FOR ADVANCEMENT OF MINORITIES THROUGH EDUCATION
    6301 BROAD STREET
    PITTSBURGH,PA15206     		NONE PUBLIC CHARITY SUPPORT OF STROUD FAMILY TRANSPORTATION STIPEND 70,500
    HILL DANCE ACADEMY THEATRE
    2900 BEDFORD AVENUE
    PITTSBURGH,PA15219     		NONE PUBLIC CHARITY SUPPORT OF HOME DANCE STUDIOS FOR STUDENTS AND TUITION BALANCES 14,000
    HILL DANCE ACADEMY THEATRE
    2900 BEDFORD AVENUE
    PITTSBURGH,PA15219     		NONE PUBLIC CHARITY SUPPORT OF A BLACK BEAD STORY: THE DIGITAL SPECTACLES PROJECT 5,000
    PITTSBURGH BALLET THEATRE
    2900 LIBERTY AVENUE
    PITTSBURGH,PA15201     		NONE PUBLIC CHARITY SUPPORT OF LIVE MUSIC APPEAL AND FACULTY ONE-ON-ONE COACHING 85,000
    PITTSBURGH PROMISE
    1901 CENTRE AVENUE SUITE 204
    PITTSBURGH,PA15219     		NONE PUBLIC CHARITY SUPPORT OF EDUCATIONAL SCHOLARSHIPS 10,000
    TEXTURE COMPANY BALLET
    PO BOX 100176
    PITTSBURGH,PA15233     		NONE PUBLIC CHARITY SUPPORT OF VARIOUS DANCE PRODUCTIONS AND COMMUNITY PERFORMANCES 5,000
    THE ELLIS SCHOOL
    6425 FIFTH AVENUE
    PITTSBURGH,PA15206     		NONE PUBLIC CHARITY SUPPORT OF SCHOOL SCHOLARSHIP PROGRAM 7,500
    THE NEIGHBORHOOD ACADEMY
    709 NORTH AIKEN AVENUE
    PITTSBURGH,PA15206     		NONE PUBLIC CHARITY SUPPORT OF THE EDUCATIONAL LEARNING AND SUPPORT PROGRAM 54,000
    GREATER PITTSBURGH ARTS COUNCIL
    810 PENN AVENUE SUITE 600
    PITTSBURGH,PA15222     		NONE PUBLIC CHARITY SUPPORT OF EMERGENCY FUND 10,000
    WESTMORELAND MUSEUM OF AMERICAN ART
    221 NORTH MAIN STREET
    GREENSBURG,PA15601     		NONE PUBLIC CHARITY SUPPORT OF EMERGENCY FUND 10,000
    UNIQUE PROJECTS INC
    75 BROAD STREET SUITE 304
    NEW YORK,NY10004     		NONE PUBLIC CHARITY SUPPORT OF MOBBALLET 35,025
    OAKLAND PLANNING AND DEVELOPMENT CORPORATION
    235 ATWOOD STREET
    PITTSBURGH,PA15213     		NONE PUBLIC CHARITY SUPPORT OF EDUCATIONAL PROGRAM 28,000
    HILL DANCE ACADEMY THEATRE
    2900 BEDFORD AVENUE
    PITTSBURGH,PA15219     		NONE PUBLIC CHARITY SUPPORT OF REHEARSAL DIRECTOR SALARY 31,000
    THE ELLIS SCHOOL
    6425 FIFTH AVENUE
    PITTSBURGH,PA15206     		NONE PUBLIC CHARITY SUPPORT OF SCHOLARSHIP PROGRAM 30,000
    RADIUS BOOKS
    227 EAST PALACE AVENUE
    SANTA FE,NM87501     		NONE PUBLIC CHARITY SUPPORT OF RANIA MATAR: SHE AND THE RADIUS DONATION PROGRAM 10,000
    WOMEN IN FILM AND VIDEO
    4000 ALBEMARLE STREET
    WASHINGTON,DC20016     		NONE PUBLIC CHARITY SUPPORT OF EVERYTING IS BEAUTIFUL 2,800
    Total .................................bullet 3a 522,825
    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 ...........     		    14 53,943  
    4 Dividends and interest from securities....     14 145,272  
    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 ............     		    14 218,654  
    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).. 0 417,869 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    417,869
    (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.)
    3 INTEREST EARNED ON INVESTMENTS
    4 DIVIDENDS EARNED ON INVESTMENTS
    8 NET CAPITAL GAINS FROM SALES OF SECURITIES
    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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    ARTS EQUITY & EDUCATION FUND
     
    Employer identification number

    82-3746641
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    ARTS EQUITY & EDUCATION FUND
          		Employer identification number
    82-3746641
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    CHRISTOPHER & DAWN FLEISCHNER
     
    875 GREENTREE RD SEVEN PKWY CNTR
     
    PITTSBURGH, PA15220

    		$ 1,272,235


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    ARTS EQUITY & EDUCATION FUND
          		Employer identification number

    82-3746641
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    ARTS EQUITY & EDUCATION FUND
          		Employer identification number

    82-3746641
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    ARTS EQUITY & EDUCATION FUND
    EIN:
    82-3746641
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 7,350 3,675   3,675

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    ARTS EQUITY & EDUCATION FUND
    EIN:
    82-3746641
    Name of Bond End of Year Book Value End of Year Fair Market Value
    JOHNSON & JOHNSON 35,827 38,191
    COLGATE PALMOLIVE 35,550 38,091
    WALMART INC 35,383 38,074
    BERKSHIRE HATHAWAY 34,035 39,109
    PROCTER AND GAMBLE 32,462 38,571
    IBM 30,395 32,634
    THE BANK OF NEW YORK 2.8% 48,395 55,153
    US BANCORP 2.375% 46,965 54,004

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    ARTS EQUITY & EDUCATION FUND
    EIN:
    82-3746641
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALPHABET INC CLASS A 14,705 105,158
    ALPHABET INC CLASS C 14,703 105,113
    AMAZON 18,656 263,811
    APPLE 29,204 337,829

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    ARTS EQUITY & EDUCATION FUND
    EIN:
    82-3746641
    US Government Securities - End of Year Book Value:

    350,864
    US Government Securities - End of Year Fair Market Value:

    367,249
    State & Local Government Securities - End of Year Book Value:


    780,265
    State & Local Government Securities - End of Year Fair Market Value:


    840,689


    TY 2020 InvestmentsOtherSchedule2
    Name:
    ARTS EQUITY & EDUCATION FUND
    EIN:
    82-3746641
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ISHARES CORE S&P MID CAP AT COST 165,191 706,038
    ISHARES CORE S&P 500 AT COST 322,764 1,309,736
    DISCOVER BANK 2.3% AT COST 24,401 25,855
    SALLIE MAE BANK 2.85% AT COST 49,565 52,901
    BARON DISCOVERY FUND AT COST 131,127 226,296
    BROOKFIELD GLOBAL AT COST 263,875 260,728
    CENTERSTONE INVESTORS AT COST 56,998 58,876
    EATON VANCE ATLANTA CAP AT COST 152,307 167,657
    IVA WORLDWIDE FUND AT COST 62,413 56,446
    PROSPECTOR OPPORTUNITY AT COST 141,982 153,910
    SEAFARER OVERSEAS GROWTH AT COST 142,654 168,676
    TOUCHSTONE SANDS CAPITAL AT COST 99,648 163,738
    VULCAN VALUE PARTNERS AT COST 149,268 155,677
    WCM FOCUSED INTL GROWTH AT COST 686,608 1,025,273
    WELLS FARGO & CO 35 AT COST 49,790 54,222
    BNY MMELLON INTL STOCK FD I AT COST 798,262 1,004,734
    VANGUARD SHORT TERM INVESTMENT GRADE ADM AT COST 501,086 502,435
    ISHARES COHEN AND STEERS AT COST 221,421 278,775
    ISHARES RUSSELL MID CAP AT COST 133,177 224,638
    SPDR S&P DIVIDEND ETF AT COST 94,962 180,717
    VANGUARD HIGH DIVIDEND AT COST 100,060 201,230
    VANGUARD SMALL CAP ETF AT COST 234,835 430,243

    TY 2020 OtherExpensesSchedule
    Name:
    ARTS EQUITY & EDUCATION FUND
    EIN:
    82-3746641
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE SUPPLIES 512 0   512
    CONTRACT LABOR 7,370 0   7,370
    ADVERTISING 138 0   138
    DUES AND SUBSCRIPTIONS 783 0   783


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    ARTS EQUITY & EDUCATION FUND
    EIN:
    82-3746641
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 31,560 31,560   0