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 HARPSWELL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)47 DEVENS STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CONCORD, MA01742
A Employer identification number

04-3474498
B Telephone number (see instructions)

(917) 273-1793
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$8,260,220J 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) 367,433
2 Check bullet.............
3 Interest on savings and temporary cash investments 8,611 8,611 8,611
4 Dividends and interest from securities... 132,356 132,356 132,356
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 101,268
b Gross sales price for all assets on line 6a 408,376
7 Capital gain net income (from Part IV, line 2)... 101,268
8 Net short-term capital gain......... 26,797
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)....... Click to see attachment 426 426 426
12 Total. Add lines 1 through 11........ 610,094 242,661 168,190
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 133,792 6,690 127,102 0
15 Pension plans, employee benefits....... 804 40 764 0
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 8,847 885 7,962 0
c Other professional fees (attach schedule).... Click to see attachment 27,750 2,700 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 18,229 754 11,975 0
19 Depreciation (attach schedule) and depletion... Click to see attachment 11,453 0 5,727
20 Occupancy..............        
21 Travel, conferences, and meetings....... 7,735 774 6,961 0
22 Printing and publications.......... 901 90 811 0
23 Other expenses (attach schedule)....... Click to see list of attachments 384,495 107,084 6,888 270,785
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 594,006 119,017 168,190 270,785
25 Contributions, gifts, grants paid....... 10,000 10,000
26 Total expenses and disbursements. Add lines 24 and 25 604,006 119,017 168,190 280,785
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 6,088
b Net investment income (if negative, enter -0-) 123,644
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 109,872 86,989 86,989
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)      
b Investments—corporate stock (attach schedule)....... 5,577,029 Click to see attachment6,200,333 6,200,333
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,330,086 Click to see attachment1,492,211 1,492,211
14 Land, buildings, and equipment: basis bullet681,700
Less: accumulated depreciation (attach schedule) bullet201,013 492,640 Click to see attachment480,687 480,687
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,509,627 8,260,220 8,260,220
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........... 7,509,627 8,260,220
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 7,509,627 8,260,220
30 Total liabilities and net assets/fund balances (see instructions). 7,509,627 8,260,220
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
7,509,627
2
Enter amount from Part I, line 27a .....................
2
6,088
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
744,505
4
Add lines 1, 2, and 3 ..........................
4
8,260,220
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
8,260,220
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 ARISTIDES FUND LP P 2020-01-01 2020-12-31
b ARISTIDES FUND LP P 2020-01-01 2020-12-31
c ISHARES CORE S&P 500 ETF   2018-03-23 2020-02-18
d ISHARES CORE S&P 500 ETF   2018-03-23 2020-09-10
e ISHARES RUSSELL 2000 ETF   2018-12-04 2020-09-10
VANGUARD SHORT TERM COR BD E   2018-03-23 2020-03-19
RAYTHEON TECHNOLOGIES CO   2005-03-25 2020-06-08
(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 26,797     26,797
b 25,461     25,461
c 151,105   118,292 32,813
d 50,458   38,901 11,557
e 50,280   49,967 313
98,694   98,694 0
5,581   1,254 4,327
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       26,797
b       25,461
c       32,813
d       11,557
e       313
      0
      4,327
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 2 101,268
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 26,797
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 1,719
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,719
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,719
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,043
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,543
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 2,824
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet2,824 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)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
    Yes
     
    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.HARPSWELLFOUNDATION.ORG
    14
    The books are in care ofbulletALAN P LIGHTMAN Telephone no.bullet (617) 422-0700

    Located atbullet47 DEVENS STREETCONCORDMA ZIP+4bullet01742
    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? .................
    16Yes  
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bulletCB
    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
    ALAN LIGHTMAN CHAIRMAN
    10.00     		0 0 0
    47 DEVENS STREET
    CONCORD,MA01742
    CLARA PERON TRUSTEE
    1.00     		0 0 0
    47 DEVENS STREET
    CONCORD,MA01742
    DAVID ROE TRUSTEE
    1.00     		0 0 0
    47 DEVENS STREET
    CONCORD,MA01742
    ELYSE LIGHTMAN SAMUELS TRUSTEE
    1.00     		0 0 0
    47 DEVENS STREET
    CONCORD,MA01742
    JOJO LAM TRUSTEE
    1.00     		0 0 0
    47 DEVENS STREET
    CONCORD,MA01742
    JONATHAN SAUNDERS TRUSTEE
    1.00     		0 0 0
    47 DEVENS STREET
    CONCORD,MA01742
    KARA LIGHTMAN TRUSTEE
    1.00     		0 0 0
    47 DEVENS STREET
    CONCORD,MA01742
    MARIE ECKSTEIN TRUSTEE
    1.00     		0 0 0
    47 DEVENS STREET
    CONCORD,MA01742
    NAVIN MOUL TRUSTEE
    1.00     		0 0 0
    47 DEVENS STREET
    CONCORD,MA01742
    RENAY LOPER TRUSTEE
    1.00     		0 0 0
    47 DEVENS STREET
    CONCORD,MA01742
    SHELLY KESSLER TRUSTEE
    1.00     		0 0 0
    47 DEVENS STREET
    CONCORD,MA01742
    YIM KALYAN TRUSTEE
    1.00     		0 0 0
    47 DEVENS STREET
    CONCORD,MA01742
    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
    ALISON PAVIA EXECUTIVE DIR
    30.00     		112,125 0 0
    47 DEVENS STREET
    CONCORD,MA01742
    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 OPERATION OF DORMITORIES AND LEADERSHIP CENTERS FOR OUTSTANDING YOUNG WOMEN ATTENDING UNIVERSITY IN PHNOM PENH. 231,981
    2 PROVIDING U.S. EDUCATIONAL FELLOWSHIPS TO CAMBODIAN WOMEN. 9,877
    3 SUPPORT OF SCHOLARSHIPS AND OTHER PROGRAMS IN TRAMUNG CHRUM. 4,345
    4 SUPPORT OF HARPSWELL ASEAN PROGRAM IN WOMEN'S LEADERSHIP. 25,818
    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
    6,775,203
    b
    Average of monthly cash balances.......................
    1b
    24,261
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,799,464
    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
    6,799,464
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    101,992
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,697,472
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    334,874
    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
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    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
    280,785
    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
    280,785
    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
    280,785
    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  
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$  
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
    2010-09-15
    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
    0 0 138,804 73,354 212,158
    b 85% of line 2a ......... 0 0 117,983 62,351 180,334
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		280,785 279,984 461,486 422,709 1,444,964
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		10,000 0 0 0 10,000
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		270,785 279,984 461,486 422,709 1,434,964
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		223,249 212,814 193,205 170,648 799,916
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    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).)
    ALAN LIGHTMAN
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    LEADERSHIP CONFERENCE ON CIVIL AND HUMAN RIGHTS
    1620 L ST NW
    WASHINGTON DC,DC20006     		  PC FUNDING FOR EDUCATIONAL PURPOSES 5,000
    NAACP LEGAL DEFENSE AND EDUCATION FUND
    40 RECTOR ST 5
    NEW YORK,NY10006     		  PC FUNDING FOR EDUCATIONAL PURPOSES 5,000
    Total .................................bullet 3a 10,000
    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 8,611  
    4 Dividends and interest from securities....     14 132,356  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 426  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 101,268  
    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).. 0 242,661 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    242,661
    (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
    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
    THE HARPSWELL FOUNDATION
     
    Employer identification number

    04-3474498
    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
    THE HARPSWELL FOUNDATION
          		Employer identification number
    04-3474498
    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
    COMMUNITY FOUNDATION OF MEMPHIS
     
    1900 UNION AVE
     
    MEMPHIS, TN38104

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    JOHN LIGHTMAN
    1209 FALL SPRINGS
     
    COLLIERVILLE, TN38017

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    RENAISSANCE FOUNDATION
     
    12737 SW IRON MOUNTAIN
     
    PORTLAND, OR97219

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    DAVID ROE
    1061 WALKER AVENUE
     
    OAKLAND, CA94610

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    JORDAN SACHS
    15 ENCANTO AVENUE
     
    SAN FRANCISCO, CA94115

    		$ 5,581


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    JONATHAN SAUNDERS
    151 TREMONT ST 20P
     
    BOSTON, MA02111

    		$ 12,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    THE HARPSWELL FOUNDATION
          		Employer identification number
    04-3474498
    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
    7
    PYRAMID PEAK FOUNDATION
     
    6410 POPLAR AVE
     
    MEMPHIS, TN38119

    		$ 25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    ROBERT CARA BARNES
    1015 CEMETERY LANE
     
    ASPEN, CO81611

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    MADELINE JACOBS
    11629 BRANDY HALL LANE
     
    GAITHERSBURG, MD20878

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
    PLT HEALTH SOLUTIONS
     
    119 HEADQUARTERS PLAZA
     
    MORRISTOWN, NJ07960

    		$ 37,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
    ALISON PAVIA FRANZ PAASCHE
    5249 SYCAMORE AVENUE
     
    BRONX, NY10471

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    12
    SUSAN MCKINNON FOUNDATION
     
    LVL 24 367 COLLINS ST
     
    MELBOURNE,   3000 VICAS

    		$ 41,495


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    THE HARPSWELL FOUNDATION
          		Employer identification number
    04-3474498
    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
    13
    HUGH LYNCH
    611 MEREDITH RD NE
     
    CALGARY, ALBERTAT2E 2W5CA

    		$ 5,800


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    14
    THE PHILANTHROPIC FOUNDATION
     
    325 NORTH LA SALLE STREET SUITE 200
     
    CHICAGO, IL60654

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    15
    AUERBACH FAMILY CHARITABLE FUND
     
    130 S VILLAGE WAY
     
    JUPITER, FL33458

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    16
    THE ASIA FOUNDATION
     
    HOUSE NO 59 OKNHA PEICH ST 242
     
    PHNOM PENH,   12101CB

    		$ 21,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    17
    JONATHAN NELSON
    50 KENNEDY PLAZA
     
    PROVIDENCE, RI02903

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    18
    GEOFFREY GUND FOUNDATION
     
    4900 TIEDEMAN RD
     
    CLEVELAND, OH44144

    		$ 10,000


    (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
    THE HARPSWELL FOUNDATION
          		Employer identification number

    04-3474498
    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
    THE HARPSWELL FOUNDATION
          		Employer identification number

    04-3474498
    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:
    THE HARPSWELL FOUNDATION
    EIN:
    04-3474498
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES - MARKS PANETH LLP 5,500 550 4,950 0
    ACCOUNTING FEES - PROFITAS LLC 2,891 289 2,602 0
    QUICKBOOKS FEES 456 46 410 0

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

    TY 2020 AmortizationSchedule
    Name:
    THE HARPSWELL FOUNDATION
    EIN:
    04-3474498
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    WEBSITE DESIGN 2016-12-07 7,500 7,500 36.000000000000   0 0 7,500
    WEBSITE DESIGN 2017-04-25 4,500 4,000 36.000000000000 500 0 500 4,500

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

    TY 2020 DepreciationSchedule
    Name:
    THE HARPSWELL FOUNDATION
    EIN:
    04-3474498
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    4 ROOM PRIMARY SCHOOL BLDG 2005-01-05 33,000 12,657 SL 39.000000000000 846 0 846  
    LAND - STREET 508 2005-06-30 32,000   L   0 0 0  
    DORMITORY - STREET 508 2006-09-26 113,000 38,508 SL 39.000000000000 2,897 0 2,897  
    LAND - STREET 13 2008-06-05 65,000   L   0 0 0  
    LAND - 304 STREET 2008-06-05 10,095   L   0 0 0  
    DORMITORY - STREET 13 2009-06-30 288,752 78,057 SL 39.000000000000 7,404 0 7,404  
    BUNK BEDS (24) 2009-06-30 4,080 4,080 200DB 7.000000000000 0 0 0  
    DESKS & CHAIRS (48) 2009-06-30 5,520 5,520 200DB 7.000000000000 0 0 0  
    WARDROBES (24) 2009-06-30 6,720 6,720 200DB 7.000000000000 0 0 0  
    COUCHES (3) 2009-06-30 1,800 1,800 200DB 7.000000000000 0 0 0  
    PODIUM 2009-06-30 250 250 200DB 7.000000000000 0 0 0  
    DESK LAMPS (48) 2009-06-30 1,440 1,440 200DB 7.000000000000 0 0 0  
    REFRIGERATOR 2009-06-30 255 255 200DB 7.000000000000 0 0 0  
    LAND - TEUK THLA 2010-06-03 78,693   L   0 0 0  
    2 BLACK & WHITE PRINTERS 2011-06-01 560 504 SL 5.000000000000 0 0 0  
    REFRIGERATOR 2011-06-01 325 293 SL 5.000000000000 0 0 0  
    DESKTOP COMPUTER 2011-06-01 800 720 SL 5.000000000000 0 0 0  
    LAPTOP COMPUTER 2011-06-01 750 675 SL 5.000000000000 0 0 0  
    OPTIPLEX 790 COMPUTERS 2012-06-01 1,200 1,200 SL 5.000000000000 0 0 0  
    DELL LCD MONITOR 2012-06-01 100 100 SL 5.000000000000 0 0 0  
    HP LASER MONITOR 2012-06-01 265 265 SL 5.000000000000 0 0 0  
    WIRELESS MICROPHONE 2012-06-01 180 180 SL 5.000000000000 0 0 0  
    VIDEO CAMERA 2012-06-01 250 250 SL 5.000000000000 0 0 0  
    DELL OPTIPLEX COMPUTERS BT 2013-06-01 1,100 1,100 SL 5.000000000000 0 0 0  
    NEW LCD TV FOR TT DORM 2013-06-01 550 550 SL 5.000000000000 0 0 0  
    2 SAMSUNG FRIDGE FOR BT 2013-06-01 1,000 1,000 SL 5.000000000000 0 0 0  
    2 SAMSUNG FRIDGE FOR TT 2013-06-01 1,248 1,248 SL 5.000000000000 0 0 0  
    IPAD FOR TT DORM 2013-06-01 868 868 SL 5.000000000000 0 0 0  
    SONY LCD PROJECTOR FOR TT 2013-06-01 580 580 SL 5.000000000000 0 0 0  
    DELL OPTIPLEX 7010 FOR BT 2013-06-01 555 555 SL 5.000000000000 0 0 0  
    SONY TELEVISION FOR BT 2013-06-01 540 540 SL 5.000000000000 0 0 0  
    AC FOR BT 2013-06-01 400 400 SL 5.000000000000 0 0 0  
    BATTERY BACKUP SYSTEM 2014-06-30 12,800 12,800 SL 5.000000000000 0 0 0  
    TELEVISION FOR BT DORM 2014-06-30 520 520 SL 5.000000000000 0 0 0  
    CEILING FANS 2014-06-30 210 165 SL 7.000000000000 30 0 30  
    TOILETS 2014-06-30 486 380 SL 7.000000000000 69 0 69  
    BOOKSHELVES 2014-06-30 333 264 SL 7.000000000000 48 0 48  
    2 SOFAS IN TT DORM 2015-06-01 580 451 200DB 7.000000000000 52 0 83  
    BOOKSHELF IN TT DORM 2015-06-01 158 123 200DB 7.000000000000 14 0 23  
    MICROPHONES IN TT DORM 2015-06-01 438 413 200DB 5.000000000000 25 0 25  
    WIRE FENCE IN BT DORM 2015-06-01 195 151 200DB 7.000000000000 18 0 28  
    WINDOW BARS IN TT DORM 2015-06-01 564 438 200DB 7.000000000000 50 0 81  
    DELL 3100 COMPUTER 2010-06-30 800 800 SL 5.000000000000 0 0 0  
    A/C UNITS (1) 2010-06-30 740 740 SL 7.000000000000 0 0 0  

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE HARPSWELL FOUNDATION
    EIN:
    04-3474498
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CHARLES SCHWAB - 2306 - SEE STMT. C ATTACHED 6,200,316 6,200,316
    CHARLES SCHWAB - 7344 17 17

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE HARPSWELL FOUNDATION
    EIN:
    04-3474498
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARISTIDES FUND, LP - SEE STMT. D ATTACHED FMV 1,492,211 1,492,211

    TY 2020 LandEtcSchedule2
    Name:
    THE HARPSWELL FOUNDATION
    EIN:
    04-3474498
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    4 ROOM PRIMARY SCHOOL BLDG 33,000 13,503 19,497  
    LAND - STREET 508 32,000 0 32,000  
    DORMITORY - STREET 508 113,000 41,405 71,595  
    LAND - STREET 13 65,000 0 65,000  
    LAND - 304 STREET 10,095 0 10,095  
    DORMITORY - STREET 13 288,752 85,461 203,291  
    BUNK BEDS (24) 4,080 4,080 0  
    DESKS & CHAIRS (48) 5,520 5,520 0  
    WARDROBES (24) 6,720 6,720 0  
    COUCHES (3) 1,800 1,800 0  
    PODIUM 250 250 0  
    DESK LAMPS (48) 1,440 1,440 0  
    REFRIGERATOR 255 255 0  
    LAND - TEUK THLA 78,693 0 78,693  
    2 BLACK & WHITE PRINTERS 560 504 56  
    REFRIGERATOR 325 293 32  
    DESKTOP COMPUTER 800 720 80  
    LAPTOP COMPUTER 750 675 75  
    OPTIPLEX 790 COMPUTERS 1,200 1,200 0  
    DELL LCD MONITOR 100 100 0  
    HP LASER MONITOR 265 265 0  
    WIRELESS MICROPHONE 180 180 0  
    VIDEO CAMERA 250 250 0  
    DELL OPTIPLEX COMPUTERS BT 1,100 1,100 0  
    NEW LCD TV FOR TT DORM 550 550 0  
    2 SAMSUNG FRIDGE FOR BT 1,000 1,000 0  
    2 SAMSUNG FRIDGE FOR TT 1,248 1,248 0  
    IPAD FOR TT DORM 868 868 0  
    SONY LCD PROJECTOR FOR TT 580 580 0  
    DELL OPTIPLEX 7010 FOR BT 555 555 0  
    SONY TELEVISION FOR BT 540 540 0  
    AC FOR BT 400 400 0  
    BATTERY BACKUP SYSTEM 12,800 12,800 0  
    TELEVISION FOR BT DORM 520 520 0  
    CEILING FANS 210 195 15  
    TOILETS 486 449 37  
    BOOKSHELVES 333 312 21  
    2 SOFAS IN TT DORM 580 503 77  
    BOOKSHELF IN TT DORM 158 137 21  
    MICROPHONES IN TT DORM 438 438 0  
    WIRE FENCE IN BT DORM 195 169 26  
    WINDOW BARS IN TT DORM 564 488 76  
    DELL 3100 COMPUTER 800 800 0  
    A/C UNITS (1) 740 740 0  
    WEBSITE DESIGN 7,500 7,500 0  
    WEBSITE DESIGN 4,500 4,500 0  


    TY 2020 OtherExpensesSchedule
    Name:
    THE HARPSWELL FOUNDATION
    EIN:
    04-3474498
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ARISTIDES FUND LP - INVESTMENT INTEREST EXPENSE 83,004 83,004 0 0
    ARISTIDES FUND LP - TRADE OR BUSINESS EXPENSES 23,446 23,446 0 0
    BANK CHARGES 815 82 733 0
    CAMBODIAN DORMITORIES 231,981 0 5,655 226,326
    INSURANCE 948 95 0 853
    INTERNET EXPENSES 1,012 127 0 1,145
    INVESTMENT EXPENSES 69 69 0 0
    MEETINGS 75 0 0 75
    OFFICE EXPENSES 327 33 0 296
    OFFICE SUPPLIES 192 19 0 173
    PAYROLL PROCESSING FEES 1,816 182 0 1,634
    POSTAGE & DELIVERY 195 20 0 175
    SPECIAL EVENTS & FUNDRISING 10 0 0 10
    SUPPORT OF HARPSWELL ASEAN PROGRAM 25,818 0 0 25,818
    SUPPORT OF HARPSWELL US FELLOWS 9,877 0 0 9,877
    TELEPHONE 65 7 0 58
    TRAMUNG CHAM PROGRAMS 4,345 0 0 4,345
    AMORTIZATION 500 0 500 0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE HARPSWELL FOUNDATION
    EIN:
    04-3474498
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ARISTIDES FUND, LP - OTHER PORTFOLIO INCOME 426 426 426


    TY 2020 OtherIncreasesSchedule
    Name:
    THE HARPSWELL FOUNDATION
    EIN:
    04-3474498
    Description Amount
    UNREALIZED GAINS/LOSSES ON INVESTMENTS 744,505


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE HARPSWELL FOUNDATION
    EIN:
    04-3474498
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTANT FEES - MARGARET DOYLE 13,500 1,350 0 0
    CONSULTANT FEES - CATHERINE TRAYNOR 2,798 280 0 0
    CONSULTANT FEES - DANIELLE GINES 6,333 633 0 0
    CONSULTANT FEES - SIA MOUA 4,369 437 0 0
    CONSULTANT FEES - JENNIFER PETERLIN 750 0 0 0


    TY 2020 TaxesSchedule
    Name:
    THE HARPSWELL FOUNDATION
    EIN:
    04-3474498
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EMPLOYER FICA & MEDICARE TAXES 12,605 630 11,975 0
    FEDERAL TAXES 5,500 0 0 0
    FOREIGN TAXES 124 124 0 0