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 SEIP FAMILY FOUNDATION LIMITED
EVERCORE TRUST CO C/O ASHLEY FERRIELLO
Number and street (or P.O. box number if mail is not delivered to street address)55 EAST 52ND STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10055
A Employer identification number

68-0401790
B Telephone number (see instructions)

(212) 822-7691
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$1,966,369J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 25,565 25,565  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 78,880
b Gross sales price for all assets on line 6a 444,970
7 Capital gain net income (from Part IV, line 2)... 124,134
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 22,772 22,772  
12 Total. Add lines 1 through 11........ 127,217 172,471  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 67 33   34
b Accounting fees (attach schedule)....... Click to see attachment 6,980 3,490   3,490
c Other professional fees (attach schedule).... Click to see attachment 11,903 11,903   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 10,158 73   85
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 5,251 5,251   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 34,359 20,750   3,609
25 Contributions, gifts, grants paid....... 334,567 331,367
26 Total expenses and disbursements. Add lines 24 and 25 368,926 20,750   334,976
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -241,709
b Net investment income (if negative, enter -0-) 151,721
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............. 6,825 4,008 4,008
2 Savings and temporary cash investments......... 287,513 96,856 96,856
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)....... 860,440 Click to see attachment782,475 1,326,209
c Investments—corporate bonds (attach schedule)....... 360,606 Click to see attachment391,498 394,404
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 30,618 Click to see attachment29,456 144,892
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,546,002 1,304,293 1,966,369
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 1,546,002 1,304,293
29 Total net assets or fund balances (see instructions)..... 1,546,002 1,304,293
30 Total liabilities and net assets/fund balances (see instructions). 1,546,002 1,304,293
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
1,546,002
2
Enter amount from Part I, line 27a .....................
2
-241,709
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,304,293
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
1,304,293
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 MAP 1998-B, L.P.   2020-01-01 2020-12-31
b MAP 1999-A, L.P.   2020-01-01 2020-12-31
c EVERCORE - PUBLICLY TRADED   2020-01-01 2020-12-31
d EVERCORE - PUBLICLY TRADED   2020-01-01 2020-12-31
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 24     24
b 14     14
c 79,991   782 79,209
d 364,941   320,054 44,887
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       24
b       14
c       79,209
d       44,887
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 2 124,134
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 2,109
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 2,109
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 2,109
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 6,730
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 6,730
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 4,621
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet4,621 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)
    bulletCA, MD
    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. Click to see attachment...............................
    10
    Yes
     
    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 ofbulletCALEGARI MORRIS ACCOUNTANTS Telephone no.bullet (415) 955-0355

    Located atbullet650 CALIFORNIA STREET 3RD FLOORSAN FRANCISCOCA ZIP+4bullet94108
    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
    ALEXA C SEIP PRESIDENT
    0.00     		0 0 0
    EVERCORE TRUST CO 55 EAST 52ND
    STREET
    NEW YORK,NY10055
    TOM D SEIP CFO/SECRETARY
    0.00     		0 0 0
    EVERCORE TRUST CO 55 EAST 52ND
    STREET
    NEW YORK,NY10055
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,495,393
    b
    Average of monthly cash balances.......................
    1b
    231,994
    c
    Fair market value of all other assets (see instructions)................
    1c
    147,810
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,875,197
    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
    1,875,197
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    28,128
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,847,069
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    92,353
    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
    92,353
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,109
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,109
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    90,244
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    90,244
    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
    90,244
    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
    334,976
    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
    334,976
    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
    334,976
    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 90,244
    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...... 175,922
    b From 2016...... 278,719
    c From 2017...... 268,723
    d From 2018...... 239,672
    e From 2019...... 333,366
    fTotal of lines 3a through e........ 1,296,402
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 334,976
    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..... 90,244
    e Remaining amount distributed out of corpus 244,732
    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 1,541,134
    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) ...     		175,922
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		1,365,212
    10 Analysis of line 9:
    a Excess from 2016.... 278,719
    b Excess from 2017.... 268,723
    c Excess from 2018.... 239,672
    d Excess from 2019.... 333,366
    e Excess from 2020.... 244,732
    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).)
    ALEXA C SEIP
    TOM D SEIP
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    ALEXA C SEIP CO EVERCORE TRUST CO C
    55 EAST 52ND STREET
    NEW YORK,NY10055
    (212) 822-7691
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICANTS SHOULD SUBMIT A BRIEF DESCRIPTION OF THE PROGRAM WHICH THEY PROPOSE TO FUND, INCLUDING HOW FUNDS WILL BE USED TO FURTHER THE STATED PURPOSES OF THE ORGANIZATION (APPLICANT).
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACADEMY ART MUSEUM
    106 SOUTH STREET
    EASTON,MD21601     		N/A PC SPRING GALA, CRAFT SHOW AND COLLECTION SOCIETY MEMBERSHIP 4,750
    AMIKIDS
    60 HONEYBEE ISLAND ROAD
    SEABROOK,SC29940     		N/A PC HELP KIDS DISCOVER AND REACH THEIR POTENTIAL 500
    BEAUFORT COUNTY OPEN LAND
    PO BOX 75
    BEAUFORT,SC29901     		N/A PC ANNUAL MEMBERSHIHP 1,000
    BOYS AND GIRLS CLUB
    553 ROBERT SMALLS PARKWAY
    PORT ROYAL,SC29935     		N/A PC BRAYS ISLAND GOLF BLITZ 800
    CARE
    151 ELLIS ST NE
    ATLANTA,GA30303     		N/A PC RELIEF EFFORTS WORLDWIDE 150
    CHESAPEAKE BAY FOUNDATION
    6 HERNDON AVENUE
    ANNAPOLIS,MD21403     		N/A PC ASSIST MARYLAND FARMERS AND LANDOWNERS 20,000
    CHESAPEAKE BAY MARITIME MUSEUM
    213 N TALBOT STREET
    ST MICHAELS,MD21663     		N/A PC COMPREHENSIVE CAMPAIGN, LIGHTHOUSE LEGACY SOCIETY, RISING TIDE AND SHIPWRIGHT APPRENTICE PROGRAM 77,100
    CHESAPEAKE MULTICULTURAL RESOURCE CENTER
    20 BAY ST
    EASTON,MD21601     		N/A PC GENERAL SUPPORT 10,709
    CHURCH HILL VOLUNTEER FIRE CO
    PO BOX 461
    EASTON,MD21601     		N/A PC GENERAL SUPPORT 100
    COASTAL CONSERVATION LEAGUE
    PO BOX 1861
    BEAUFORT,SC29901     		N/A PC PROTECT NATURAL RESOURCES 500
    COMPASSION AND CHOICES
    101 SW MADISON STREET UNIT 8009
    PORTLAND,OR97207     		N/A PC IMPROVE CARE AT LIFE'S END 200
    DARROW SCHOOL
    110 DARROW ROAD
    NEW LEBANON,NY12125     		N/A PC GENERAL SUPPORT AND $57,000 TO TEMPREST CURB APPEAL AND DECOR 93,632
    DEL MAR VA COUNCIL BOY SCOUTS OF AMERICA
    101 W 10TH ST
    WILMINGTON,DE19801     		N/A PC GENERAL SUPPORT 1,000
    DOCK STREET FOUNDATION
    205 GOLDSBOROUGH STREET
    EASTON,MD21601     		N/A PC HOPEFUL 2020 CAMPAIGN 1,000
    DOCTORS WITHOUT BORDERS
    40 RECTOR ST 16TH FLOOR
    NY,NY10006     		N/A PC EMERGENCY CARE 600
    EASTERN SHORE LAND CONSERVANCY
    114 S WASHINGTON ST SUITE 101
    EASTON,MD21601     		N/A PC PARTY TO PRESERVE 1,000
    EASTON VOLUNTEER FIRE
    315 LEONARD RIECK DRIVE
    EASTON,MD21601     		N/A PC ANNUAL FUND 250
    FOR ALL SEASONS INC
    300 TALBOT STREET
    EASTON,MD21601     		N/A PC BEHAVIORAL HEALTH AND RAPE CRISIS CENTER 1,000
    HAITI NURSING FOUNDATION
    1100 N MAIN ST 209
    ANN ARBOR,MI48104     		N/A PC NURSING SCHOOL 1,000
    HISTORIC BEAUFORT FOUNDATION
    PO BOX 11
    BEAUFORT,SC29901     		N/A PC PRESERVING AND PROTECTING BEAUFORT'S ARCHITECTURAL HERITAGE 500
    HISTORIC EASTON
    PO BOX 1071
    EASTON,MD21601     		N/A PC ASHBURY UNITED METHODIST CHURCH BUILDING FUND 1,000
    HOPEFUL HORIZONS
    PO BOX 1775
    BEAUFORT,SC29901     		N/A PC SURVIVORS OF CHILD ABUSE, DOMESTIC VIOLENCE AND SEXUAL ASSAULT ANNUAL BUDGET 1,000
    JOHN HOPKINS UNIVERSITY & MEDICINE
    287 GIBBS AVE
    NEWPORT,RI02840     		N/A PC BAYVIEW NURSE NAVIGATOR FUND 40,000
    MAINE ISLAND TRAIL ASSOCIATION
    100 KENSINGTON ST 2ND FLOOR
    PORTLAND,ME04103     		N/A PC GENERAL SUPPORT 65
    MARYLAND FOOD BANK
    2200 HALETHORPE FARMS ROAD
    BALTIMORE,MD21227     		N/A PC GENERAL SUPPORT 500
    MID-SHORE COMMUNITY FOUNDATION
    102 EAST DOVER ST
    EASTON,MD21601     		N/A PC COVID-19 RESPONSE FUND 6,250
    NAACP LEGAL DEFENSE AND EDUCATIONAL FUND
    700 14TH ST NW 600
    WASHINGTON,DC20005     		N/A PC GENERAL SUPPORT 1,000
    NATIONAL MARITIME HISTORICAL SOCIETY
    PO BOX 68
    PEEKSKILL,NY10566     		N/A PC DIGITALIZE SEA HISTORY 35
    NEIGHBORHOOD SERVICE CENTER
    126 PORT STREET
    EASTON,MD21601     		N/A PC GENERAL FUND 1,500
    NEW YORK YACHT CLUB FOUNDATION
    37 WEST 44TH STREET
    NEW YORK,NY10036     		N/A PC GENERAL PURPOSE OF MAINTAINING, RESTORING AND PRESERVING FUNDAMENTAL STRUCTURES 350
    PENN STATE
    2583 GATEWAY DR SUITE 130
    STATE COLLEGE,PA16801     		N/A PC COLLEGE OF THE LIBERAL ARTS FUTURE FUND 1,000
    PICKERING CREEK AUDUBON CENTER
    11450 AUDUBON LANE
    EASTON,MD21601     		N/A PC CONNECT PEOPLE OF ALL AGES AND BACKGROUNDS WITH NATURE 1,000
    POPULATION CONNECTION
    2120 L ST NW SUITE 500
    WASHINGTON,DC20037     		N/A PC ANNUAL FUND 100
    RADCLIFFE CREEK SCHOOL
    201 TALBOT BOULEVARD
    CHESTERTOWN,MD21620     		N/A PC ONLINE AUCTION 650
    SHAKER MUSEUM
    PO BOX 328
    CHATHAM,NY12037     		N/A PC CREATE RESPONSIVE PROGRAMMING 500
    ST FRANCIS SAILING FOUNDATION
    PO BOX 551
    SAN FRANCISCO,CA94104     		N/A PC CABARET IN THE SKY 1,600
    TALBOT HISTORICAL SOCIETY
    30 S WASHINGTON ST
    EASTON,MD21601     		N/A PC ANNUAL GIVING 700
    TALBOT HOSPICE
    586 CYNWOOD DRIVE
    EASTON,MD21601     		N/A PC WYMAN FOUNDATION 1,000
    TALBOT HUMANE
    PO BOX 1143
    EASTON,MD21601     		N/A PC MISSION FORWARD PROGRAMS AND OPERATIONS OF THE SHELTER 500
    THE TALBOT COUNTY SENIOR CENTER
    400 BROOKLETTS AVE
    EASTON,MD21601     		N/A PC DEFRAY COST OF EXTRA MEALS TO SENIORS 1,000
    TRUST FOR PUBLIC LAND
    101 MONTGOMERY ST SUITE 900
    SAN FRANCISCO,CA94104     		N/A PC GENERAL FUND 100
    UNIVERSITY OF MARYLAND SHORE REGIONAL HEALTH
    219 S WASHINGTON ST
    EASTON,MD21601     		N/A PC EMPLOYEE ASSISTANCE FUND 500
    UNIVERSITY OF MARYLAND MEMORIAL HOSPITAL FOUNDATION
    PO BOX 1846
    EASTON,MD21601     		N/A PC GENERAL FUND 1,000
    VOTE AMERICA
    1270 GROVE STREET SUITE 301
    SAN FRANCISCO,CA94117     		N/A PC TURNOUT EFFORTS 500
    WATERFOWL CHESAPEAKE FESTIVAL
    40 S HARRISON ST
    EASTON,MD21601     		  PC ANNUAL FUND 3,500
    WESTERN RESERVE ACADEMY
    115 COLLEGE STREE
    HUDSON,OH44236     		N/A PC WRA FUND 1,000
    WYE RIVER UPPER SCHOOL
    PO BOX 36
    WYE MILLS,MD21679     		N/A PC CHRISSY AULL GREAT TEACHERS FOR GREAT MINDS FUND AND ANNUAL FUND AND COVER LEGAL FEES AND HIRING COSTS. 27,826
    YMCA OF THE CHESAPEAKE
    111-1 E DOVER STREET
    EASTON,MD21601     		N/A PC CAPITAL CAMPAIGN AND PERKINS AQUATICS CENTER 24,100
    DELMARVA NESTING FOUNDATION
    6480 LOCUST GROVE ROAD
    EASTON,MD21601     		N/A PC GENERAL SUPPORT 500
    Total .................................bullet 3a 334,567
    bApproved for future payment
    CHESAPEAKE BAY FOUNDATION
    6 HERNDON AVENUE
    ANNAPOLIS,MD21403     		N/A PC ASSIST MARYLAND FARMERS AND LANDOWNERS 40,000
    CHESAPEAKE BAY MARITIME MUSEUM
    213 N TALBOT STREET
    ST MICHAELS,MD21663     		N/A PC COMPREHENSIVE CAMPAIGN, LIGHTHOUSE LEGACY SOCIETY, RISING TIDE AND SHIPWRIGHT APPRENTICE PROGRAM 250,000
    CHESAPEAKE BAY MARITIME MUSEUM
    213 N TALBOT STREET
    ST MICHAELS,MD21663     		N/A PC GRANT CHALLENGE 60,000
    DARROW SCHOOL
    110 DARROW ROAD
    NEW LEBANON,NY12125     		N/A PC TEMPREST CURB APPEAL AND DECOR 172,000
    YMCA OF THE CHESAPEAKE
    111-1 E DOVER STREET
    EASTON,MD21601     		N/A PC CAPITAL CAMPAIGN AND PERKINS AQUATICS CENTER 26,000
    Total .................................bullet 3b 548,000
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 25,565  
    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.....     15 22,772  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 78,880  
    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).. 0 127,217 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    127,217
    (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

    Form 990PF Part XV Line 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
    ACADEMY ART MUSEUM106 SOUTH STREET
    EASTON,MD21601     		N/A PC SPRING GALA, CRAFT SHOW AND COLLECTION SOCIETY MEMBERSHIP 4,750
    AMIKIDS60 HONEYBEE ISLAND ROAD
    SEABROOK,SC29940     		N/A PC HELP KIDS DISCOVER AND REACH THEIR POTENTIAL 500
    BEAUFORT COUNTY OPEN LANDPO BOX 75
    BEAUFORT,SC29901     		N/A PC ANNUAL MEMBERSHIHP 1,000
    BOYS AND GIRLS CLUB553 ROBERT SMALLS PARKWAY
    PORT ROYAL,SC29935     		N/A PC BRAYS ISLAND GOLF BLITZ 800
    CARE151 ELLIS ST NE
    ATLANTA,GA30303     		N/A PC RELIEF EFFORTS WORLDWIDE 150
    CHESAPEAKE BAY FOUNDATION6 HERNDON AVENUE
    ANNAPOLIS,MD21403     		N/A PC ASSIST MARYLAND FARMERS AND LANDOWNERS 20,000
    CHESAPEAKE BAY MARITIME MUSEUM213 N TALBOT STREET
    ST MICHAELS,MD21663     		N/A PC COMPREHENSIVE CAMPAIGN, LIGHTHOUSE LEGACY SOCIETY, RISING TIDE AND SHIPWRIGHT APPRENTICE PROGRAM 77,100
    CHESAPEAKE MULTICULTURAL RESOURCE CENTER20 BAY ST
    EASTON,MD21601     		N/A PC GENERAL SUPPORT 10,709
    CHURCH HILL VOLUNTEER FIRE COPO BOX 461
    EASTON,MD21601     		N/A PC GENERAL SUPPORT 100
    COASTAL CONSERVATION LEAGUEPO BOX 1861
    BEAUFORT,SC29901     		N/A PC PROTECT NATURAL RESOURCES 500
    COMPASSION AND CHOICES101 SW MADISON STREET UNIT 8009
    PORTLAND,OR97207     		N/A PC IMPROVE CARE AT LIFE'S END 200
    DARROW SCHOOL110 DARROW ROAD
    NEW LEBANON,NY12125     		N/A PC GENERAL SUPPORT AND $57,000 TO TEMPREST CURB APPEAL AND DECOR 93,632
    DEL MAR VA COUNCIL BOY SCOUTS OF AMERICA101 W 10TH ST
    WILMINGTON,DE19801     		N/A PC GENERAL SUPPORT 1,000
    DOCK STREET FOUNDATION205 GOLDSBOROUGH STREET
    EASTON,MD21601     		N/A PC HOPEFUL 2020 CAMPAIGN 1,000
    DOCTORS WITHOUT BORDERS40 RECTOR ST 16TH FLOOR
    NY,NY10006     		N/A PC EMERGENCY CARE 600
    EASTERN SHORE LAND CONSERVANCY114 S WASHINGTON ST SUITE 101
    EASTON,MD21601     		N/A PC PARTY TO PRESERVE 1,000
    EASTON VOLUNTEER FIRE315 LEONARD RIECK DRIVE
    EASTON,MD21601     		N/A PC ANNUAL FUND 250
    FOR ALL SEASONS INC300 TALBOT STREET
    EASTON,MD21601     		N/A PC BEHAVIORAL HEALTH AND RAPE CRISIS CENTER 1,000
    HAITI NURSING FOUNDATION1100 N MAIN ST 209
    ANN ARBOR,MI48104     		N/A PC NURSING SCHOOL 1,000
    HISTORIC BEAUFORT FOUNDATIONPO BOX 11
    BEAUFORT,SC29901     		N/A PC PRESERVING AND PROTECTING BEAUFORT'S ARCHITECTURAL HERITAGE 500
    HISTORIC EASTONPO BOX 1071
    EASTON,MD21601     		N/A PC ASHBURY UNITED METHODIST CHURCH BUILDING FUND 1,000
    HOPEFUL HORIZONSPO BOX 1775
    BEAUFORT,SC29901     		N/A PC SURVIVORS OF CHILD ABUSE, DOMESTIC VIOLENCE AND SEXUAL ASSAULT ANNUAL BUDGET 1,000
    JOHN HOPKINS UNIVERSITY & MEDICINE287 GIBBS AVE
    NEWPORT,RI02840     		N/A PC BAYVIEW NURSE NAVIGATOR FUND 40,000
    MAINE ISLAND TRAIL ASSOCIATION100 KENSINGTON ST 2ND FLOOR
    PORTLAND,ME04103     		N/A PC GENERAL SUPPORT 65
    MARYLAND FOOD BANK2200 HALETHORPE FARMS ROAD
    BALTIMORE,MD21227     		N/A PC GENERAL SUPPORT 500
    MID-SHORE COMMUNITY FOUNDATION102 EAST DOVER ST
    EASTON,MD21601     		N/A PC COVID-19 RESPONSE FUND 6,250
    NAACP LEGAL DEFENSE AND EDUCATIONAL FUND700 14TH ST NW 600
    WASHINGTON,DC20005     		N/A PC GENERAL SUPPORT 1,000
    NATIONAL MARITIME HISTORICAL SOCIETYPO BOX 68
    PEEKSKILL,NY10566     		N/A PC DIGITALIZE SEA HISTORY 35
    NEIGHBORHOOD SERVICE CENTER126 PORT STREET
    EASTON,MD21601     		N/A PC GENERAL FUND 1,500
    NEW YORK YACHT CLUB FOUNDATION37 WEST 44TH STREET
    NEW YORK,NY10036     		N/A PC GENERAL PURPOSE OF MAINTAINING, RESTORING AND PRESERVING FUNDAMENTAL STRUCTURES 350
    PENN STATE2583 GATEWAY DR SUITE 130
    STATE COLLEGE,PA16801     		N/A PC COLLEGE OF THE LIBERAL ARTS FUTURE FUND 1,000
    PICKERING CREEK AUDUBON CENTER11450 AUDUBON LANE
    EASTON,MD21601     		N/A PC CONNECT PEOPLE OF ALL AGES AND BACKGROUNDS WITH NATURE 1,000
    POPULATION CONNECTION2120 L ST NW SUITE 500
    WASHINGTON,DC20037     		N/A PC ANNUAL FUND 100
    RADCLIFFE CREEK SCHOOL201 TALBOT BOULEVARD
    CHESTERTOWN,MD21620     		N/A PC ONLINE AUCTION 650
    SHAKER MUSEUMPO BOX 328
    CHATHAM,NY12037     		N/A PC CREATE RESPONSIVE PROGRAMMING 500
    ST FRANCIS SAILING FOUNDATIONPO BOX 551
    SAN FRANCISCO,CA94104     		N/A PC CABARET IN THE SKY 1,600
    TALBOT HISTORICAL SOCIETY30 S WASHINGTON ST
    EASTON,MD21601     		N/A PC ANNUAL GIVING 700
    TALBOT HOSPICE586 CYNWOOD DRIVE
    EASTON,MD21601     		N/A PC WYMAN FOUNDATION 1,000
    TALBOT HUMANEPO BOX 1143
    EASTON,MD21601     		N/A PC MISSION FORWARD PROGRAMS AND OPERATIONS OF THE SHELTER 500
    THE TALBOT COUNTY SENIOR CENTER400 BROOKLETTS AVE
    EASTON,MD21601     		N/A PC DEFRAY COST OF EXTRA MEALS TO SENIORS 1,000
    TRUST FOR PUBLIC LAND101 MONTGOMERY ST SUITE 900
    SAN FRANCISCO,CA94104     		N/A PC GENERAL FUND 100
    UNIVERSITY OF MARYLAND SHORE REGIONAL HEALTH219 S WASHINGTON ST
    EASTON,MD21601     		N/A PC EMPLOYEE ASSISTANCE FUND 500
    UNIVERSITY OF MARYLAND MEMORIAL HOSPITAL FOUNDATIONPO BOX 1846
    EASTON,MD21601     		N/A PC GENERAL FUND 1,000
    VOTE AMERICA1270 GROVE STREET SUITE 301
    SAN FRANCISCO,CA94117     		N/A PC TURNOUT EFFORTS 500
    WATERFOWL CHESAPEAKE FESTIVAL40 S HARRISON ST
    EASTON,MD21601     		  PC ANNUAL FUND 3,500
    WESTERN RESERVE ACADEMY115 COLLEGE STREE
    HUDSON,OH44236     		N/A PC WRA FUND 1,000
    WYE RIVER UPPER SCHOOLPO BOX 36
    WYE MILLS,MD21679     		N/A PC CHRISSY AULL GREAT TEACHERS FOR GREAT MINDS FUND AND ANNUAL FUND AND COVER LEGAL FEES AND HIRING COSTS. 27,826
    YMCA OF THE CHESAPEAKE111-1 E DOVER STREET
    EASTON,MD21601     		N/A PC CAPITAL CAMPAIGN AND PERKINS AQUATICS CENTER 24,100
    DELMARVA NESTING FOUNDATION6480 LOCUST GROVE ROAD
    EASTON,MD21601     		N/A PC GENERAL SUPPORT 500
    Total ...............................bullet 3a 334,567
    bApproved for future payment
    CHESAPEAKE BAY FOUNDATION6 HERNDON AVENUE
    ANNAPOLIS,MD21403     		N/A PC ASSIST MARYLAND FARMERS AND LANDOWNERS 40,000
    CHESAPEAKE BAY MARITIME MUSEUM213 N TALBOT STREET
    ST MICHAELS,MD21663     		N/A PC COMPREHENSIVE CAMPAIGN, LIGHTHOUSE LEGACY SOCIETY, RISING TIDE AND SHIPWRIGHT APPRENTICE PROGRAM 250,000
    CHESAPEAKE BAY MARITIME MUSEUM213 N TALBOT STREET
    ST MICHAELS,MD21663     		N/A PC GRANT CHALLENGE 60,000
    DARROW SCHOOL110 DARROW ROAD
    NEW LEBANON,NY12125     		N/A PC TEMPREST CURB APPEAL AND DECOR 172,000
    YMCA OF THE CHESAPEAKE111-1 E DOVER STREET
    EASTON,MD21601     		N/A PC CAPITAL CAMPAIGN AND PERKINS AQUATICS CENTER 26,000
    Total ................................bullet 3b 548,000

    TY 2020 AccountingFeesSchedule
    Name:
    THE SEIP FAMILY FOUNDATION LIMITED
     
    EVERCORE TRUST CO C/O ASHLEY FERRIELLO
    EIN:
    68-0401790
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 6,980 3,490   3,490

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE SEIP FAMILY FOUNDATION LIMITED
     
    EVERCORE TRUST CO C/O ASHLEY FERRIELLO
    EIN:
    68-0401790
    Name of Bond End of Year Book Value End of Year Fair Market Value
    DOUBLELINE TOTAL RETURN BOND FUND 101,759 101,619
    THE FROST TOTAL RETURN BOND FUND 88,783 88,830
    ORACLE CORP 100,956 101,007
    STANFORD UNIVERSITY 100,000 102,948

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE SEIP FAMILY FOUNDATION LIMITED
     
    EVERCORE TRUST CO C/O ASHLEY FERRIELLO
    EIN:
    68-0401790
    Name of Stock End of Year Book Value End of Year Fair Market Value
    375 SHARES ABBOTT LABS 32,657 41,059
    175 SHARES ALIBABA GROUP HOLDINGS 31,058 40,728
    30 SHARES AMAZON.COM INC 52,487 97,708
    604 SHARES APPLE INC 16,670 80,145
    45 SHARES AUTOZONE INC 21,468 53,345
    200 SHARES BERKSHIRE HATHAWAY - CL B 45,329 46,374
    700 SHARES BLACKSTONE GROUP INC 37,437 45,367
    571 SHARES BORG WARNER AUTOMOTIVE 25,431 22,063
    700 SHARES CBRE GROUP INC 17,310 43,904
    275 SHARES CDW CORP 27,750 36,242
    300 SHARES CELANESE CORP-A 16,210 38,982
    1,247 SHARES CHARLES SCHWAB CORP 64,520 66,141
    265 SHARES CHUBB LTD 9,051 40,789
    225 SHARES CONSTELLATION BRANDS INC 34,536 49,286
    3,330.35 SHARES DFA INTERNATIONAL CORE EQTY 38,332 48,523
    305 SHARES HOME DEPOT INC 27,592 81,014
    200 SHARES IPG PHOTONICS CORP 31,043 44,758
    200 SHARES MASTERCARD INC CL A 59,736 71,388
    700 SHARES MORGAN STANLEY 33,606 47,971
    50 SHARES NVIDIA CORP 11,944 26,110
    750 SHARES SS&C TECHNOLOGIES 34,406 54,563
    300 SHARES TEXAS INSTRUMENTS INC 15,312 49,239
    200 SHARES THERMO FISHER SCIENTIFIC INC 25,748 93,156
    182 SHARES UNITED HEALTH GROUP INC 30,357 63,824
    1,000 SHARES WESTROCK CO 42,485 43,530

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE SEIP FAMILY FOUNDATION LIMITED
     
    EVERCORE TRUST CO C/O ASHLEY FERRIELLO
    EIN:
    68-0401790
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MAP - 1998, L.P. AT COST 7,191 50,000
    MAP - 1999, L.P. AT COST 6,962 50,000
    200 SHARES AMERICAN TOWER CORP REIT AT COST 15,303 44,892

    TY 2020 LegalFeesSchedule
    Name:
    THE SEIP FAMILY FOUNDATION LIMITED
     
    EVERCORE TRUST CO C/O ASHLEY FERRIELLO
    EIN:
    68-0401790
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 67 33   34


    TY 2020 OtherExpensesSchedule
    Name:
    THE SEIP FAMILY FOUNDATION LIMITED
     
    EVERCORE TRUST CO C/O ASHLEY FERRIELLO
    EIN:
    68-0401790
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MAP 1998-B, L.P. 2,824 2,824   0
    MAP 1999-A L.P. 2,427 2,427   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE SEIP FAMILY FOUNDATION LIMITED
     
    EVERCORE TRUST CO C/O ASHLEY FERRIELLO
    EIN:
    68-0401790
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MAP 1998-B, L.P. (ROYALTY) 14,371 14,371 14,371
    MAP 1999-A, L.P. (ROYALTY) 8,401 8,401 8,401


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE SEIP FAMILY FOUNDATION LIMITED
     
    EVERCORE TRUST CO C/O ASHLEY FERRIELLO
    EIN:
    68-0401790
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EVERCORE INVESTMENT FEES 11,903 11,903   0


    TY 2020 SubstantialContributorsSch
    Name:
    THE SEIP FAMILY FOUNDATION LIMITED
     
    EVERCORE TRUST CO C/O ASHLEY FERRIELLO
    EIN:
    68-0401790
    Name Address
    ALEXA C SEIP EVERCORE TRUST CO 55 EAST 52ND
    STREET
    NEW YORK,NY10055
    TOM D SEIP EVERCORE TRUST CO 55 EAST 52ND
    STREET
    NEW YORK,NY10055


    TY 2020 TaxesSchedule
    Name:
    THE SEIP FAMILY FOUNDATION LIMITED
     
    EVERCORE TRUST CO C/O ASHLEY FERRIELLO
    EIN:
    68-0401790
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CALIFORNIA FILING FEES 85 0   85
    FEDERAL EXCISE TAX 10,000 0   0
    FOREIGN TAXES 73 73   0