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
CARL E TOUHEY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PINE WEST 309 WASHINGTON AVE EXT
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ALBANY, NY12205
A Employer identification number

22-3016226
B Telephone number (see instructions)

(518) 438-3521
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$13,951,982J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 149 149  
4 Dividends and interest from securities... 757,705 757,705  
5a Gross rents............ 1,952,287 1,952,287  
b Net rental income or (loss) 283,349
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 706,649
b Gross sales price for all assets on line 6a 1,321,000
7 Capital gain net income (from Part IV, line 2)... 769,550
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)....... Click to see attachment 3,512 3,512  
12 Total. Add lines 1 through 11........ 3,420,302 3,483,203  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 52,769 13,192   0
14 Other employee salaries and wages...... 168,618 168,618   0
15 Pension plans, employee benefits....... 48,022 48,022   0
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,976 0   0
c Other professional fees (attach schedule).... Click to see attachment 56,895 2,230   54,665
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 424,258 421,230   3,028
19 Depreciation (attach schedule) and depletion... 318,614 318,614  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 917,901 892,130   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,994,053 1,864,036   57,693
25 Contributions, gifts, grants paid....... 3,503,723 3,503,723
26 Total expenses and disbursements. Add lines 24 and 25 5,497,776 1,864,036   3,561,416
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,077,474
b Net investment income (if negative, enter -0-) 1,619,167
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,500,603 2,066,312 2,066,312
3 Accounts receivable bullet204,396
Less: allowance for doubtful accounts bullet   155,392 204,396 204,396
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) bullet186,275
Less: allowance for doubtful accounts bullet0 203,408 186,275 186,275
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 210,347 194,822 194,822
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 33,751,114 Click to see attachment36,479,864 0
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).......... 299,332 Click to see attachment302,725 0
14 Land, buildings, and equipment: basis bullet12,640,923
Less: accumulated depreciation (attach schedule) bullet1,342,826 12,592,006 11,298,097 11,298,097
15 Other assets (describe bullet) Click to see attachment151,845 Click to see attachment2,080 Click to see attachment2,080
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 49,864,047 50,734,571 13,951,982
Liabilities 17 Accounts payable and accrued expenses.......... 25,555 16,519
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) Click to see attachment174,063 Click to see attachment175,405
23 Total liabilities (add lines 17 through 22)......... 199,618 191,924
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........... 49,664,429 50,542,647
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)..... 49,664,429 50,542,647
30 Total liabilities and net assets/fund balances (see instructions). 49,864,047 50,734,571
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
49,664,429
2
Enter amount from Part I, line 27a .....................
2
-2,077,474
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,955,692
4
Add lines 1, 2, and 3 ..........................
4
50,542,647
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
50,542,647
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 VARIOUS SECURITIES     2020-12-31
b VARIOUS SECURITIES     2020-12-31
c SALE OF 8 CHARLES BLVD P   2020-06-30
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a       20,486
b       543,593
c 1,225,000 114,706 1,134,235 205,471
d
e
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       20,486
b       543,593
c       205,471
d
e
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 2 769,550
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 22,506
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 22,506
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 22,506
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 30,512
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 30,512
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 8,006
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet8,006 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)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletCHARLES L TOUHEY Telephone no.bullet (518) 452-3191

    Located atbulletPINE WEST PLAZA BLDG 2 WASHINGTONAVE EXTALBANYNY ZIP+4bullet12205
    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
    CHARLES L TOUHEY DIRECTOR, PRESIDENT
    4.00     		52,769 0 0
    PINE WEST PLAZA BLDG 2 309
    WASHINGTON AVE EXT
    ALBANY,NY12205
    VIRGINIA E TOUHEY DIRECTOR, SECRETARY/TREASU
    1.00     		0 0 0
    PINE WEST PLAZA BLDG 2 309
    WASHINGTON AVE EXT
    ALBANY,NY12205
    LILA M TOUHEY DIRECTOR
    1.00     		0 0 0
    PINE WEST PLAZA BLDG 2 309
    WASHINGTON AVE EXT
    ALBANY,NY12205
    JOHN J TOUHEY DIRECTOR, VICE PRESIDENT
    1.00     		0 0 0
    PINE WEST PLAZA BLDG 2 309
    WASHINGTON AVE EXT
    ALBANY,NY12205
    JOHN J NIGRO DIRECTOR
    1.00     		0 0 0
    PINE WEST PLAZA BLDG 2 309
    WASHINGTON AVE EXT
    ALBANY,NY12205
    F MICHAEL TUCKER ESQ DIRECTOR
    1.00     		0 0 0
    PINE WEST PLAZA BLDG 2 309
    WASHINGTON AVE EXT
    ALBANY,NY12205
    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
    PAUL G GLOTZBECKER CONTROLLER
    20.00     		65,298 1,959 0
    7 DEER RUN
    GANSEVOORT,NY12831
    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 THE ONLY DIRECT CHARITABLE ASSET IS A HISTORIC DUTCH BARN. THE FOUNDATION USES THE BARN AS A MUSEUM. IT IS NOT HELD FOR THE PRODUCTION OF INCOME OR FOR INVESTMENT. THE DUTCH BARN WAS SOLD IN 2020. 0
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    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
    32,542,577
    b
    Average of monthly cash balances.......................
    1b
    2,201,388
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    34,743,965
    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
    34,743,965
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    521,159
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    34,222,806
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,711,140
    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
    1,711,140
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    22,506
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    22,506
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,688,634
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,688,634
    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
    1,688,634
    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
    3,561,416
    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
    3,561,416
    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
    3,561,416
    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 1,688,634
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 211,965
    b From 2016...... 321,596
    c From 2017......  
    d From 2018......  
    e From 2019...... 1,001,763
    fTotal of lines 3a through e........ 1,535,324
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 3,561,416
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 1,688,634
    e Remaining amount distributed out of corpus 1,872,782
    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 3,408,106
    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) ...     		211,965
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		3,196,141
    10 Analysis of line 9:
    a Excess from 2016.... 321,596
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019.... 1,001,763
    e Excess from 2020.... 1,872,782
    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).)
    CHARLES L TOUHEY
    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
    ACHIEVEMENT CENTER FOR CHILDREN & FAMILIES FOUNDATION
    555 NW 4TH STREET
    DELRAY BEACH,FL33444     		NONE EXEMPT PROVIDE COMPREHENSIVE SERVICES TO EDUCATE, TRAIN AND SUPPORT AT RISK CHILDREN, YOUTH AND FAMILIES, ENSURING SCHOOL READINESS. 15,000
    ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES
    106 NEW SCOTLAND AVENUE
    ALBANY,NY12208     		NONE EXEMPT TO HELP EDUCATE THE NEXT GENERATION OF HEALTH CARE LEADERS WHO WILL LIGHT THE WAY TO A BRIGHTER, HEALTHIER FUTURE FOR ALL OF US. 100,000
    ALBANY INSTITUTE OF HISTORY & ART
    125 WASHINGTON AVENUE
    ALBANY,NY12210     		NONE EXEMPT TO IMPROVE THE CULTURAL EDUCATION OF THE COMMUNITY AND SUPPORT THE MISSION TO PROTECT, PRESERVE, INTERPRET AND PROMOTE HISTORY, ART AND CULTURE OF THE CAPITAL REGION 109,000
    ALBANY MEDICAL CENTER
    43 NEW SCOTLAND AVENUE
    ALBANY,NY12208     		NONE PUBLIC CHARITY TO SUPPORT THE BUILDING OF THE PATIENT PAVILION 400,000
    ALBANY SYMPHONY
    19 CLINTON AVENUE
    ALBANY,NY12207     		NONE EXEMPT TO ENRICH A BROAD AND DIVERSE COMMUNITY THROUGH BRILLIANT LIVE PERFORMANCES, INNOVATIVE EDUCATIONAL PROGRAMMING, AND ENGAGING CULTURAL EVENTS. 50,000
    AMERICAN DIABETES ASSOCIATION
    160 ALLENS CREEK RD
    ROCHESTER,NY14618     		NONE EXEMPT PREVENT AND CURE DIABETES AND TO IMPROVE THE LIVES OF ALL PEOPLE AFFECTED BY DIABETES. 3,000
    CAPITAL REGION YOUTH TENNIS FOUNDATION
    785 WASHINGTON AVENUE
    ALBANY,NY12206     		NONE EXEMPT REACH OUT IN A LOVING, CARING WAY TO YOUTH OF THE CAPITAL REGION, USING TENNIS AS THE MEDIUM 20,000
    CAPITAL ROOTS
    594 RIVER STREET
    TROY,NY12180     		NONE EXEMPT TO NOURISH HEALTHY COMMUNITIES BY PROVIDING ACCESS TO FRESH FOOD AND GREEN SPACES FOR ALL. 85,000
    CENTER FOR LAW AND JUSTICE
    220 GREEN STREET
    ALBANY,NY12202     		NONE EXEMPT TO ADDRESS COMPLEX RELATIONSHIPS BETWEEN THE CRIMINAL JUSTICE SYSTEM, RACE, AND POVERTY 30,000
    CENTRAL AVENUE BUSINESS IMPROVEMENT DISTRICT
    279 CENTRAL AVENUE
    ALBANY,NY12206     		NONE EXEMPT TO ENHANCE THE BUSINESS ENVIRONMENT AND TO DO ALL THINGS WITHIN ESTABLISHED GUIDELINES TO MAKE CENTRAL AVE A BETTER PLACE TO LIVE, WORK AND HAVE FUN. 165,000
    HOMELESS & TRAVELERS AID SOCIETY
    138 CENTRAL AVENEUE
    ALBANY,NY12206     		NONE EXEMPT TO PROVIDE IMMEDIATE RELIEF AND LONG-TERM SOLUTIONS FOR THE MOST VULNERABLE MEMBERS OF OUR COMMUNITY BY PREVENTING, COMBATING, AND REDUCING HOMELESSNESS WITHIN THE CAPITAL REGION. 75,000
    INTERFAITH PARTNERSHIP FOR THE HOMELESS
    176 SHERIDAN AVENUE
    ALBANY,NY12210     		NONE EXEMPT TO ADDRESS THE NEEDS OF THE HOMELESS AND LOW-INCOME COMMUNITY BY PROVIDING A CONTINUUM OF SERVICES TO ENCOURAGE SELF-SUFFICIENCY AND EMPOWERMENT AND STABILITY. 100,000
    MAKE A WISH FOUNDATION OF NORTHEAST NEW YORK
    3 WASHINGTON SQUARE
    ALBANY,NY12205     		NONE EXEMPT TO SERVE ELIGIBLE KIDS AND THEIR FAMILIES BY GRANTING THEIR HEARTFELT WISH. 17,000
    SIENA COLLEGE
    515 LOUDON ROAD
    LOUDONVILLE,NY12211     		NONE EXEMPT TO ASSIST WITH STUDENT-CENTERED EDUCATION EMPHASIZING DYNAMIC FACULTY-STUDENT INTERACTION. 50,000
    SISTERS OF ST JOSEPH
    385 WATERVLIET-SHAKER ROAD
    LATHAM,NY12110     		NONE EXEMPT TO LIVE AND WORK SO THAT ALL MAY BE ONE IN THE COMMUNITIES WHICH THEY LIVE AND SERVE. 50,000
    UNIVERSITY AT ALBANY
    1400 WASHINGTON AVENUE
    ALBANY,NY12222     		NONE EXEMPT TO ASSIST STUDENTS MEET THEIR EDUCATIONAL COST NEEDS 200,000
    UPPER HUDSON PLANNED PARENTHOOD
    855 CENTRAL AVENUE
    ALBANY,NY12206     		NONE EXEMPT TO PROMOTE HEALTHY SEXUALITY AND REPRODUCTIVE CHOICE THROUGH EXCEPTIONAL SERVICES, HONEST EDUCATION AND FEARLESS ADVOCACY. 20,000
    YOUTH FX
    25 WARREN STREET
    ALBANY,NY12202     		NONE EXEMPT TO EMPOWER YOUNG PEOPLE BY TEACHING THEM THE TECHNICAL AND CREATIVE ASPECTS OF DIGITAL FILM MAKING AND MEDIA PRODUCTION 50,000
    AFFORDABLE HOUSING PARTNERSHIP
    255 ORANGE STREET
    ALBANY,NY12210     		NONE EXEMPT TO CREATE HOMES AND COMMUNITIES THAT ARE HEALTHY, SUSTAINABLE, AND AFFORDABLE 100,000
    ALBANY COMMUNITY LAND TRUST
    255 ORANGE STREET
    ALBANY,NY12210     		NONE EXEMPT TO DEVELOP AFFORDABLE HOUSING OPPORTUNITIES FOR LOW-INCOME PEOPLE, PRESERVE HOUSING AFFORDABILITY FOR FUTURE GENERATIONS, COMBAT COMMUNITY DETERIORATION BY PROMOTING ECONOMIC OPPORTUNITIES IN LOW-INCOME NEIGHBORHOODS, AND EDUCATE THE GENERAL PUBLIC ABOUT ONGOING AND INNOVATIVE METHODS OF COMMUNITY DEVELOPMENT. 100,000
    ALBANY PUBLIC LIBRARY FOUNDATION
    161 WASHINGTON AVENUE
    ALBANY,NY12210     		NONE EXEMPT TO EDUCATE, ENTERTAIN, AND EMPOWER OUR COMMUNITY. THROUGH THE USE OF BOOKS AND DVDS, MUSIC AND MAGAZINES, CLASSES AND WORKSHOPS, COMPUTERS AND WI-FI, TUTORING AND TAX ASSISTANCE, ARTS ACTIVITIES AND TECHNOLOGY PROGRAMS, STUDY SPACES AND MEETING ROOMS, MOVIE SHOWINGS AND MUSICAL PERFORMANCES, BOOK CLUBS AND AUTHOR TALKS, AND SO MUCH MORE 26,000
    ARBOR HILL ELEMENTARY SCHOOL
    1 ARBOR HILL STREET
    ALBANY,NY12207     		NONE EXEMPT TO HELP PROVIDE A NURTURING EDUCATION FOR ALL OF THE STUDENTS 125,830
    BOYS & GIRLS CLUB OF THE CAPITAL AREA
    21 DELAWARE AVE
    ALBANY,NY12210     		NONE EXEMPT TO INSPIRE AND ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REALIZE THEIR FULL POTENTIAL TO BECOME PRODUCTIVE, CARING, RESPONSIBLE CITIZENS. 52,825
    BRIGHTSIDE UP INC
    91 BROADWAY
    MENANDS,NY12204     		NONE EXEMPT TO PROVIDE RESOURCES TO THE COMMUNITY IN ORDER TO IMPROVE THE AVAILABILITY AND QUALITY OF CHILD CARE AND TO ASSIST FAMILIES IN FINDING CHILD CARE. 40,000
    BUILDING BLOCKS TOGETHER
    436 HUDSON AVE
    ALBANY,NY12203     		NONE EXEMPT TO ASSIST PEOPLE PURCHASE HOMES IN THE CAPITAL REGION 100,000
    CAPITAL DISTRICT WOMEN'S EMPLOYEMENT
    175 CENTRAL AVE 3RD FLOOR
    ALBANY,NY12206     		NONE EXEMPT TO ADVANCE WOMEN'S SUCCESS IN THE WORKPLACE BY BUILDING THEIR ECONOMIC AND PERSONAL INDEPENDENCE. 49,500
    15 LOVE
    785 WASHINGTON AVENUE
    ALBANY,NY12206     		NONE EXEMPT TO REACH OUT IN A LOVING, CARING WAY TO YOUTH OF THE CAPITAL REGION, USING TENNIS AS THE MEDIUM, ESPECIALLY THOSE IN THE INNER CITIES 5,000
    CATHOLIC CHARITIES HOUSING
    41 NORTH MAIN AVE
    ALBANY,NY12203     		NONE EXEMPT TO PROVIDE AFFORDABLE HOUSING AND SUPPORT SERVICES DESIGNED TO HELP THOSE IN NEED TO HELP THEMSELVES. 244,728
    CENTER FOR EMPLOYMENT OPPORTUNITIES
    50 BROADWAY SUITE 1604
    NEW YORK,NY10004     		NONE EXEMPT TO PROVIDE IMMEDIATE, EFFECTIVE, AND COMPREHENSIVE EMPLOYMENT SERVICES EXCLUSIVELY TO INDIVIDUALS WHO HAVE RECENTLY RETURNED HOME FROM INCARCERATION 25,000
    CITY SCHOOL DISTRICT OF ALBANY
    1 ACADEMY PARK
    ALBANY,NY12207     		NONE PUBLIC CHARITY TO WORK IN PARTNERSHIP WITH OUR DIVERSE COMMUNITY TO ENGAGE EVERY LEARNER IN A ROBUST EDUCATIONAL PROGRAM DESIGNED TO PROVIDE THE KNOWLEDGE AND SKILLS NECESSARY FOR SUCCESS 100,000
    THE COMMUNITY BUILDERS INC
    90 STATE STREET
    ALBANY,NY12207     		NONE EXEMPT TO BUILD AND SUSTAIN STRONG COMMUNITIES WHERE PEOPLE OF ALL INCOMES CAN ACHIEVE THEIR FULL POTENTIAL 103,970
    GIRL SCOUTS OF NORTHEASTERN NY
    8 MOUNTAIN VIEW AVE
    ALBANY,NY12205     		NONE EXEMPT TO SHOW GIRLS THAT THEY HAVE THE POWER TO HAVE A POSITIVE EFFECT ON NOT JUST THEIR COMMUNITY, BUT THE WORLD 100,000
    HABITAT FOR HUMANITY CAPITAL DISTRICT
    207 SHERIDAN AVE
    ALBANY,NY12210     		NONE EXEMPT TO BUILD STRENGTH, STABILITY AND SELF-RELIANCE THROUGH AFFORDABLE HOMEOWNERSHIP 240,000
    KOINONIA PRIMARY CARE
    553 CLINTON AVE
    ALBANY,NY12206     		NONE EXEMPT TO ELIMINATE HEALTH DISPARITY WITHIN NEW YORK'S CAPITAL REGION BY PROVIDING COMPASSIONATE, HIGH QUALITY, PATIENT-CENTERED HEALTHCARE TO UNDERSERVED IN A FAITH-BASED ENVIORNMENT 75,000
    SCHOLASTIC TALENT
    PO BOX 1022
    ALBANY,NY12201     		NONE EXEMPT TO LOCATE, FEATURE, AND NURTURE LATENT TALENT AMONG UNDER-RESOURCED YOUTH 50,000
    SOCIAL ENTERPRISE AND TRAINING CENTER
    131 STATE STREET
    SCHENECTADY,NY12305     		NONE EXEMPT TO PROVIDE TRANSFORMATIVE EDUCATION AND WORKFORCE EXPERIENCES THAT CREATE A SENSE OF PURPOSE AND HOPE IN OUR COMMUNITIES AND CONNECT BUSINESS TO REAL TIME SOLUTIONS 101,461
    ST ANNES INSTITUTE
    160 NORTH MAIN AVE
    ALBANY,NY12206     		NONE EXEMPT TO PROVIDE THE HIGHEST LEVEL OF CARE AND REHABILITATION SERVICES IN THE BRIEFEST TIME TO CHILDERN AND FAMILITIES THROUGHOUT NEW YORK STATE 75,000
    THE HENRY JOHNSON SCHOLARSHIP
    12 AIRLINE DRIVE
    ALBANY,NY12205     		NONE EXEMPT TO PROVIDE AN EDUCATION SCHOLARSHIP TO CHRISTIAN BROTHER ACADEMY 42,191
    ADOPT A TREE PROGRAM OF ALBANY
    1 RICHARD CONNERS BLVD
    ALBANY,NY12204     		NONE EXEMPT TO ASSIST WITH THE PLANTING AND CARE OF NEW TREES AROUND THE CITY OF ALBANY 100,000
    UNDERGROUND RAILROAD HISTORY PROJECT
    194 LIVINGSTON AVE
    ALBANY,NY12210     		NONE EXEMPT TO RESEARCH AND PRESERVE THE LOCAL AND NATIONAL HISTORY OF THE UNDERGROUND RAILROAD MOVEMENT, ITS INTERNATIONAL CONNECTIONS, AND ITS LEGACY FOR TODAY'S SOCIAL JUSTIC ISSUES, THEREBY EMPOWERING PEOPLE OF ALL AGES TO BE AGENTS OF CHANGE TOWARD AN EQUITABLE AND JUST SOCIETY 83,218
    US COMMITTEE FOR REFUGEES AND IMMIGRANTS
    2231 CRYSTAL DRIVE SUITE 350
    ARLINGTON,VA22202     		NONE EXEMPT TO PROTECT THE RIGHTS AND ADDRESS THE NEEDS OF PERSONS IN FORCED OR VOLUNTARY MIGRATION WORLDWIDE AND SUPPORT THEIR TRANSITION TO A DIGNIFIEDLIFE 25,000
    Total .................................bullet 3a 3,503,723
    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 ...........     		    18 149  
    4 Dividends and interest from securities....     18 757,705  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 283,349  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 706,649  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aRENSSELAER HYDRO ASSOCIATES     		    14 3,512  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,751,364 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,751,364
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    CARL E TOUHEY FOUNDATION
    EIN:
    22-3016226
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL & ACCOUNTING FEES 6,976 0   0

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

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    CARL E TOUHEY FOUNDATION
    EIN:
    22-3016226
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    SALE OF DUTCH BARN   PURCHASED 2020-02   96,000 149,765 COST 9,136 -62,901  

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    CARL E TOUHEY FOUNDATION
    EIN:
    22-3016226
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MARKETABLE SECURITIES 36,479,864 0

    TY 2020 InvestmentsOtherSchedule2
    Name:
    CARL E TOUHEY FOUNDATION
    EIN:
    22-3016226
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENT IN PARTNERSHIPS AT COST 302,725 0

    TY 2020 OtherAssetsSchedule
    Name:
    CARL E TOUHEY FOUNDATION
    EIN:
    22-3016226
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DUTCH BARN 149,765 0 0
    UTILITY DEPOSIT 2,080 2,080 2,080


    TY 2020 OtherExpensesSchedule
    Name:
    CARL E TOUHEY FOUNDATION
    EIN:
    22-3016226
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NYS FILING FEES 1,250 0   0
    BANK CHARGES 168,393 168,393   0
    OFFICE EXPENSE 6,768 0   0
    DIRECTORS INSURANCE 4,792 0   0
    GENERAL INSURANCE 270 0   0
    TELEPHONE 3,173 0   0
    MISCELLANEOUS 3,392 0   0
    LLC FEE 50 0   0
    ADVERTISING 6,058 0   0
    NYS BIENNUAL REPORTING FEE 18 0   0
    REPAIRS AND MAINTENANCE 171,580 171,580   0
    MANAGEMENT FEES 10,378 10,378   0
    INSURANCE 2,004 2,004   0
    UTILITIES 32,580 32,580   0
    REPAIRS AND MAINTENANCE 58,255 58,255   0
    MANAGEMENT FEES 10,378 10,378   0
    INSURANCE 11,142 11,142   0
    UTILITIES 27,007 27,007   0
    REPAIRS AND MAINTENANCE 35,795 35,795   0
    MANAGEMENT FEES 10,378 10,378   0
    INSURANCE 11,587 11,587   0
    UTILITIES 25,024 25,024   0
    REPAIRS AND MAINTENANCE 57,670 57,670   0
    MANAGEMENT FEES 10,378 10,378   0
    INSURANCE 17,990 17,990   0
    UTILITIES 39,214 39,214   0
    REPAIRS AND MAINTENANCE 118,043 118,043   0
    MANAGEMENT FEES 10,378 10,378   0
    INSURANCE 11,807 11,807   0
    UTILITIES 13,006 13,006   0
    REPAIRS AND MAINTENANCE 4,563 4,563   0
    MANAGEMENT FEES 10,378 10,378   0
    INSURANCE 585 585   0
    REPAIRS AND MAINTENANCE 1,655 1,655   0
    INSURANCE 3,056 3,056   0
    UTILITIES 13 13   0
    AMORTIZATION 18,893 18,893   0


    TY 2020 OtherIncomeSchedule2
    Name:
    CARL E TOUHEY FOUNDATION
    EIN:
    22-3016226
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RENSSELAER HYDRO ASSOCIATES 3,512 3,512 3,512


    TY 2020 OtherIncreasesSchedule
    Name:
    CARL E TOUHEY FOUNDATION
    EIN:
    22-3016226
    Description Amount
    CURRENT YEAR UNREALIZED GAIN ON INVESTMENTS 2,955,692


    TY 2020 OtherLiabilitiesSchedule
    Name:
    CARL E TOUHEY FOUNDATION
    EIN:
    22-3016226
    Description Beginning of Year - Book Value End of Year - Book Value
    ACCOUNTS PAYABLE AFFILIATES 74,478 89,440
    SECURITY DEPOSITS PAYABLE 99,585 85,965


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    CARL E TOUHEY FOUNDATION
    EIN:
    22-3016226
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GRANT ADMINISTRATION 54,665 0   54,665
    PAYROLL SERVICE 407 407   0
    PAYROLL SERVICE 362 362   0
    PAYROLL SERVICE 280 280   0
    PAYROLL SERVICE 534 534   0
    PAYROLL SERVICE 342 342   0
    PAYROLL SERVICE 104 104   0
    PAYROLL SERVICE 201 201   0


    TY 2020 TaxesSchedule
    Name:
    CARL E TOUHEY FOUNDATION
    EIN:
    22-3016226
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID ON INVESTMENTS 4,518 4,518   0
    FEDERAL EXCISE TAX 7,986 7,986   0
    PAYROLL TAXES 4,037 1,009   3,028
    REAL ESTATE TAXES 81,942 81,942   0
    PAYROLL TAXES 2,551 2,551   0
    REAL ESTATE TAXES 81,056 81,056   0
    PAYROLL TAXES 2,269 2,269   0
    REAL ESTATE TAXES 54,976 54,976   0
    PAYROLL TAXES 1,757 1,757   0
    REAL ESTATE TAXES 108,898 108,898   0
    PAYROLL TAXES 3,347 3,347   0
    REAL ESTATE TAXES 65,632 65,632   0
    PAYROLL TAXES 2,144 2,144   0
    PAYROLL TAXES 652 652   0
    REAL ESTATE TAXES 1,234 1,234   0
    PAYROLL TAXES 1,259 1,259   0