Form990-PF
Click to see attachment

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
AKC FUND INC
 
Number and street (or P.O. box number if mail is not delivered to street address)31 WEST 34TH ST - 7TH FLOOR NO 70
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10001
A Employer identification number

13-6091321
B Telephone number (see instructions)

(212) 812-4362
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$8,461,507J 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 38,234 38,234  
4 Dividends and interest from securities... 71,805 70,359  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 128,485
b Gross sales price for all assets on line 6a 1,649,196
7 Capital gain net income (from Part IV, line 2)... 128,485
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 238,524 237,078  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,000 0   4,000
c Other professional fees (attach schedule).... Click to see attachment 76,493 36,668   39,825
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 418 418   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 327 0   327
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 415 0   415
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 81,653 37,086   44,567
25 Contributions, gifts, grants paid....... 283,500 283,500
26 Total expenses and disbursements. Add lines 24 and 25 365,153 37,086   328,067
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -126,629
b Net investment income (if negative, enter -0-) 199,992
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............. 52,419 45,855 45,855
2 Savings and temporary cash investments......... 226,697 144,656 144,656
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) 618,362 Click to see attachment388,418 407,979
b Investments—corporate stock (attach schedule)....... 2,460,433 Click to see attachment2,498,163 5,250,407
c Investments—corporate bonds (attach schedule)....... 938,500 Click to see attachment1,185,706 1,281,284
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 996,391 Click to see attachment910,538 1,331,326
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment567 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,293,369 5,173,336 8,461,507
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) Click to see attachment0 Click to see attachment6,596
23 Total liabilities (add lines 17 through 22)......... 0 6,596
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........ 2,882,352 2,882,352
27 Paid-in or capital surplus, or land, bldg., and equipment fund 2,313,402 2,313,402
28 Retained earnings, accumulated income, endowment, or other funds 97,615 -29,014
29 Total net assets or fund balances (see instructions)..... 5,293,369 5,166,740
30 Total liabilities and net assets/fund balances (see instructions). 5,293,369 5,173,336
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
5,293,369
2
Enter amount from Part I, line 27a .....................
2
-126,629
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,166,740
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
5,166,740
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 PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c CAPITAL GAINS DIVIDENDS P    
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 215,550   258,375 -42,825
b 1,433,341   1,262,336 171,005
c 305     305
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       -42,825
b       171,005
c       305
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 2 128,485
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 2,780
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 2,780
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 2,780
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 3,529
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 3,529
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 10 749
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet749 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 ofbulletGHS PHILANTHROPY MANAGEMENT LLC Telephone no.bullet (212) 812-4362

    Located atbullet31 WEST 34TH STREET 7FL 7010NEW YORKNY ZIP+4bullet10001
    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
     
    No
    .........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). Click to see attachment
    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
    ELIZABETH GARSIDE PRESIDENT
    2.00     		0 0 0
    31 WEST 34TH STREET
    NEW YORK,NY10001
    SARAH GORDON ANDERSON DIRECTOR
    1.00     		0 0 0
    31 WEST 34TH STREET
    NEW YORK,NY10001
    AARON CHILDS VICE PRESIDENT
    1.00     		0 0 0
    31 WEST 34TH STREET
    NEW YORK,NY10001
    ANITA DUNLAP CHILDS DIRECTOR
    1.00     		0 0 0
    31 WEST 34TH STREET
    NEW YORK,NY10001
    DR JAMES E CHILDS DIRECTOR
    1.00     		0 0 0
    31 WEST 34TH STREET
    NEW YORK,NY10001
    JOHN D CHILDS DIRECTOR
    1.00     		0 0 0
    31 WEST 34TH STREET
    NEW YORK,NY10001
    CHARLES GATES GILL DIRECTOR
    1.00     		0 0 0
    31 WEST 34TH STREET
    NEW YORK,NY10001
    LAURA GILL DIRECTOR
    1.00     		0 0 0
    31 WEST 34TH STREET
    NEW YORK,NY10001
    LUCY MOOKERJEE SECRETARY
    1.00     		0 0 0
    31 WEST 34TH STREET
    NEW YORK,NY10001
    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
    7,339,349
    b
    Average of monthly cash balances.......................
    1b
    50,181
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,389,530
    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
    7,389,530
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    110,843
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,278,687
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    363,934
    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
    363,934
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,780
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,780
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    361,154
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    361,154
    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
    361,154
    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
    328,067
    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
    328,067
    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
    328,067
    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 7 361,154
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 37,935
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 328,067
    a Applied to 2019, but not more than line 2a 37,935
    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..... 290,132
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		71,022
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    AMERICAN NEAR EAST REFUGEE AID (ANERA)
    1111 14TH STREET NW 400
    WASHINGTON,DC20005     		NONE PC FOR OPERATIONS 5,000
    ATON FOREST
    PO BOX 509
    NORFOLK,CT06058     		NONE PC FOR OPERATIONS 1,500
    BATTELL ARTS FOUNDATION
    PO BOX 661
    NORFOLK,CT06858     		NONE PC FOR OPERATIONS 1,500
    BERKSHIRE ARTS FOUNDATION
    PO BOX 668 THE RORABACK BUILDING
    NORTH CANAAN,CT06018     		NONE PC FOR OPERATIONS 1,500
    BERWICK ACADEMY
    31 ACADEMY STREET
    SOUTH BERWICK,ME03908     		NONE PC FOR OPERATIONS 15,000
    BOTELLE SCHOOL PTO
    128 GREENWOODS ROAD EAST
    NORFOLK,CT06058     		NONE PC FOR OPERATIONS 1,500
    CHURCH OF CHRIST CONGREGATIONAL
    PO BOX 582
    NORFOLK,CT06058     		NONE PC FOR OPERATIONS 5,000
    CHURCH OF CHRIST CONGREGATIONAL
    PO BOX 582
    NORFOLK,CT06058     		NONE PC FOR OPERATIONS 1,500
    CHURCH OF CHRIST CONGREGATIONAL
    PO BOX 582
    NORFOLK,CT06058     		NONE PC FOR OPERATIONS 15,000
    COALITION FOR SOUND GROWTH
    19 VILLAGE GREEN
    NORFOLK,CT06058     		NONE PC FOR OPERATIONS 1,500
    COMMITTEE TO PROTECT JOURNALISTS (THE)
    330 SEVENTH AVENUE
    NEW YORK,NY10001     		NONE PC FOR OPERATIONS 10,000
    CONNECTICUT PUBLIC
    1049 ASYLUM AVENUE
    HARTFORD,CT06105     		NONE PC FOR OPERATIONS 1,500
    DRAFT ANIMAL - POWER NETWORK
    271 PLANK ROAD
    HARTFORD,CT05491     		NONE PC FOR OPERATIONS 5,000
    EL NIDO THE CHARCOAL PROJECT
    378 CLINTON STREET APT 1
    BROOKLYN,NY11231     		NONE PC FOR OPERATIONS 5,000
    FRACTURED ATLAS
    248 W 35TH STREET
    NEW YORK,NY10001     		NONE PC FOR OPERATIONS 2,500
    FRACTURED ATLAS
    248 W 35TH STREET
    NEW YORK,NY10001     		NONE PC FOR OPERATIONS 10,000
    GREAT MOUNTAIN FOREST CORPORATION
    200 CANAAN MOUNTAIN ROAD
    FALLS VILLAGE,CT06031     		NONE PC FOR OPERATIONS 1,500
    GROUNDWORKS
    PO BOX 370
    BRATTLEBORO,VT05302     		NONE PC FOR OPERATIONS 4,000
    HOUSATONIC VALLEY ASSOCIATION
    150 KENT ROAD PO BOX 28
    CORNWALL BRIDGE,CT06754     		NONE PC FOR OPERATIONS 1,500
    IN-SIGHT PHOTOGRAPHY PROJECT
    183 MAIN STREET 3
    BRATTLEBORO,VT05301     		NONE PC FOR OPERATIONS 4,500
    INTERNATIONAL MEDICAL CORPS
    12400 WILSHIRE BOULEVARD SUITE 1500
    LOS ANGELES,CA90025     		NONE PC FOR OPERATIONS 2,500
    ISABELLA STEWART GARDNER MUSEUM
    25 EVANS WAY
    BOSTON,MA02115     		NONE PC FOR OPERATIONS 20,000
    NEXT STAGE ARTS PROJECT
    15 KIMBALL HILL BOX 251
    PUTNEY,VT05346     		NONE PC FOR OPERATIONS 3,500
    NORFOLK CHAMBER MUSIC FESTIVAL - YALE SCHOOL OF MUSIC
    PO BOX 545
    NORFOLK,CT06058     		NONE PC FOR OPERATIONS 1,500
    NORFOLK HISTORICAL SOCIETY
    PO BOX 288
    NORFOLK,CT06058     		NONE PC FOR OPERATIONS 1,500
    NORFOLK LAND TRUST
    PO BOX 363
    NORFOLK,CT06058     		NONE PC FOR OPERATIONS 1,500
    NORFOLK LAND TRUST
    PO BOX 363
    NORFOLK,CT06058     		NONE PC FOR OPERATIONS 15,000
    NORFOLK LIBRARY
    PO BOX 605
    NORFOLK,CT06058     		NONE PC FOR OPERATIONS 1,500
    NORFOLK LION'S CLUB
    PO BOX 0399
    NORFOLK,CT06058     		NONE PC FOR OPERATIONS 1,500
    NORFOLK NOW
    PO BOX 702
    NORFOLK,CT06058     		NONE PC FOR OPERATIONS 1,500
    NORFOLK VOLUNTEER FIRE DEPARTMENT
    20 SHEPARD ROAD
    NORFOLK,CT06058     		NONE PC FOR OPERATIONS 1,500
    NORTHWEST CONNECTICUT FAMILY YMCA
    480 MAIN STREET
    WINSTED,CT06098     		NONE PC FOR OPERATIONS 1,500
    OXFAM AMERICA
    226 CAUSEWAY STREET 5TH FLOOR
    BOSTON,MA02114     		NONE PC FOR OPERATIONS 2,500
    PLANNED PARENTHOOD OF MONTANA
    1116 GRAND AVENUE SUITE 201
    BILLINGS,MT59102     		NONE PC FOR OPERATIONS 10,000
    PLANNED PARENTHOOD OF ST LOUIS
    4251 FOREST PARK AVENUE
    ST LOUIS,MO63108     		NONE PC FOR OPERATIONS 15,000
    RURAL ARTS COLLABRATIVE
    PO BOX 300
    GREENSBORO,VT05841     		NONE PC FOR OPERATIONS 2,500
    SAN FRANCISCO GENERAL HOSPITAL FOUNDATION
    PO BOX 410836
    SAN FRANCISCO,CA94141     		NONE PC FOR OPERATIONS 5,000
    SPECIAL HOPE NETWORK
    PO BOX 50543
    BELLEVUE,WA98015     		NONE PC FOR OPERATIONS 15,000
    SUSAN B ANTHONY PROJECT
    179 WATER STREET
    TORRINGTON,CT06790     		NONE PC FOR OPERATIONS 1,500
    THE GRAMMAR SCHOOL INC
    69 HICKORY RIDGE ROAD SOUTH
    PUTNEY,VT05346     		NONE PC FOR OPERATIONS 5,000
    TOWN OF NORFOLK
    PO BOX 592
    NORFOLK,CT06058     		NONE PC FOR OPERATIONS 6,000
    TOWN OF NORFOLK
    PO BOX 592
    NORFOLK,CT06058     		NONE PC FOR OPERATIONS 5,000
    UCLA FOUNDATION
    2520 SCHOENBERG MUSIC BUILDING BOX
    957234
    LOS ANGELES,CA90095     		NONE PC FOR OPERATIONS 2,500
    UNIVERSITY OF DELAWARE
    303 OLD COLLEGE
    NEWARK,DE19716     		NONE PC FOR OPERATIONS 50,000
    UNIVERSITY OF WYNWOOD
    9825 NE 2ND AVENUE
    MIAMI SHORE,FL33153     		NONE PC FOR OPERATIONS 5,000
    WATERORG
    117 WEST 20TH STREET SUITE 203
    KANSAS CITY,MO64018     		NONE PC FOR OPERATIONS 2,500
    WINSTED HEALTH CENTER FOUNDATION
    115 SPENCER STREET
    WINSTED,CT06098     		NONE PC FOR OPERATIONS 1,500
    YES YOUTH ENRICHMENT SERVICES
    412 MASSACHUSETTS AVENUE
    BOSTON,MA02118     		NONE PC FOR OPERATIONS 7,000
    Total .................................bullet 3a 283,500
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 38,234  
    4 Dividends and interest from securities....     14 71,805  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    14 128,485  
    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).. 0 238,524 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    238,524
    (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:
    AKC FUND INC
    EIN:
    13-6091321
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX SERVICE FEE 4,000 0   4,000

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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    AKC FUND INC
    EIN:
    13-6091321
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    BOTELLE SCHOOL PTO
          		128 GREENWOODS ROAD EAST
    NORFOLK,CT06058     		2020-06-15 1,500 CULTURAL PROGRAMS, THE VETERAN'S DAY SINGA-LONG AND LUNCHEON, THEATRE WORKSHOPS,AND FAMILY ACTIVITIES 1,500     2021-04-15  
    GREAT MOUNTAIN FOREST CORPORATION
          		200 CANAAN MOUNTAIN ROAD
    FALLS VILLAGE,CT06031     		2020-06-15 1,500 FOR PROGRAMS AND ACTIVITIES 1,500     2021-04-15  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    AKC FUND INC
    EIN:
    13-6091321
    Name of Bond End of Year Book Value End of Year Fair Market Value
    UNITEDHEALTH GROUP 4.7% DUE 2/15/21 35,264 35,093
    GILEAD SCIENCES 4/5% DUE 1/1/21 35,212 34,997
    CATERPILLAR FINANCIAL .95% DUE 5/13/22 24,993 25,248
    APPLE INC. .75% DUE 5/11/23 19,961 20,247
    WELLS FARGO 4.125% DUE 8/15/23 35,149 38,153
    TOYOTA MOTOR 1.35% DUE 8/25/23 20,007 20,522
    BANK OF AMERICA 2.5% DUE 6/28/24 50,335 55,367
    BANK OF MONTREAL 2.5% DUE 6/28/24 19,966 21,301
    CITIGROUP INC. DUE 10/30/24 40,015 40,118
    PNC FINANCIAL 2.2% DUE 11/1/24 30,004 31,799
    GENERAL MOTORS 19,990 21,336
    INTEL CORP. 14,992 16,625
    THE BANK OF NEW YORK MELLON 20,007 20,862
    THE TORONTO-DOMINION 20,013 20,364
    HP INC. 19,969 21,171
    MORGAN STANLEY 35,066 37,438
    THE PROCTER & GAMBLE CO. 24,975 25,064
    INTERNATIONAL BANK OF RECONSTRUCTION & DEVELOPMENT 39,793 45,128
    ARES CAPITAL MANAGEM 29,842 32,442
    PRUDENTIAL FINANCIAL 19,952 20,720
    CHARLES SCHWAB 19,991 20,244
    CITIGROUP INC. 35,014 38,261
    JPMORGAN CHASE 50,406 68,190
    JPMORGAN CHASE 25,013 28,730
    WELLTOWER INC 34,978 38,460
    THE COCA COLA CO 29,979 30,846
    GILEAD SCIENCES 19,998 20,140
    AT&T INC. 34,971 35,667
    LOWE'S COMPANIES 29,994 30,199
    ABVIE INC. 53,789 59,873
    BOSTON PROPERTIES 24,925 29,982
    AT&T INC. 19,917 23,790
    NUTRIEN LTD 25,063 29,902
    MIDAMERICAN ENERGY 21,878 23,679
    BLACKROCK INC. 19,853 22,917
    AVANGRID INC. 24,980 28,660
    UNITEDHEALTH GROUP 10,011 11,323
    ANTHEM INC. 19,991 22,151
    HOST HOTELS & RESORT 44,663 46,047
    PNC FINANCIAL SERVICES GROUP, INC. 24,945 27,316
    HALLIBURTON CO 20,009 21,150
    VERIZON COMMUNICATIONS INC 39,833 39,762

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    AKC FUND INC
    EIN:
    13-6091321
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ADOBE SYSTEMS INC 31,905 122,529
    ALARM.COM HOLDINGS, INC. 3,633 6,104
    ALIBABA GROUP HOLDING 5,831 6,516
    ALNYLAM PHARMACEUTICAL 2,946 5,589
    ALPHABET INC. CLASS A 12,043 57,837
    ALPHABET INC. CLASS C 13,987 122,632
    ALTERYX INC. 5,214 5,968
    AMAZON.COM INC. 57,027 198,673
    AMERICAN WATER WORKS 11,611 79,804
    AON PLC 44,042 40,141
    APPLE INC. 49,303 244,150
    AUTODESK INC. 36,477 70,228
    BWX TECHNOLOGIES 64,536 63,897
    BANK OF AMERICA CORP. 55,319 76,078
    BECTON DICKENSON & CO 39,645 43,789
    BEYOND MEAT INC. 6,593 6,250
    BOSTON SCIENTIFIC CO 57,182 77,113
    CHEGG INC. 3,891 8,672
    CHIPOLTLE MEXICAN GRILL 26,908 27,734
    CHUBB LTD. 41,101 58,951
    CINTAS CORP. 44,774 121,944
    CISCO SYSTEMS INC. 74,933 91,738
    CLARIVATE PLC 43,613 59,717
    CLOUDFLARE INC. 3,342 11,550
    CME GROUP 67,990 76,461
    COSTCO WHOLESALE CO. 22,056 50,865
    DANAHER CORP. 26,765 135,505
    EATON CORP. 42,615 58,268
    ESTEE LAUDER CO 21,267 81,188
    EXACT SCIENCES CORP 6,278 8,744
    FACEBOOK INC. 40,096 69,109
    FORTINET INC. 53,638 61,640
    GENMAB 39,632 53,671
    HEICO CORP. 48,178 60,871
    HERSHEY CO 46,708 48,746
    HOME DEOPOT INC. 43,140 147,419
    HONEYWELL INTERNATIONAL INC 51,153 77,636
    INTUIT INC. 24,170 85,466
    INTUITIVE SURGICAL 2,931 4,909
    IQVA HOLDINGS INC. 43,276 53,751
    JP MORGAN CHASE & CO. 58,706 121,352
    LINDE PLC 38,347 52,702
    MERCADOLIBRE INC. 4,041 11,727
    MERCK & CO INC. 30,852 44,990
    MICROSOFT CORP. 128,237 276,468
    NETFLIX INC. 4,979 7,570
    NEXTERA ENERGY INC. 66,970 111,096
    NATIONAL VISION HOLDINGS, INC. 22,832 26,948
    NVIDIA CORP. 43,188 111,229
    PAGSEGURO DIGITAL 3,352 10,523
    PALO ALTO NETWORKS 67,145 99,509
    PAYPAL HOLDINGS INC 9,802 134,431
    PEPSICO INC. 52,268 88,239
    QUALCOMM INC. 67,318 148,532
    REDFIN CORP. 3,180 12,216
    ROKU INC. 6,346 14,277
    SALESFORCE COM 40,546 95,465
    SEA LTD. 2,036 13,336
    SERVICE NOW INC. 3,001 6,055
    SLACK TECHNOLOGIES INC. 4,183 8,195
    SOFTBANK CORP. 4,281 6,727
    SOLAREDGE TECH 49,052 146,795
    SPLUNK INC. 4,412 5,606
    SPOTIFY TECH 3,077 7,237
    SQUARE INC. 4,686 13,276
    T-MOBILE 3,398 5,799
    TELADOC INC. 1,204 3,799
    TELEFLEX INC. 65,936 102,893
    TENCENT HOLDINGS 4,180 6,901
    TESLA INC. 966 17,642
    THERMO FISHER SCIENTIFIC INC. 107,543 218,917
    TJX COMPANIES INC. 42,819 107,215
    TRUIST FINANCIAL CORP 53,035 72,231
    UBER TECHNOLOGIES INC. 5,777 8,925
    UNION PACIFIC CORP. 10,461 53,096
    UNITEDHEALTH GROUP 15,335 105,204
    UNIVERSAL DISPLAY CO. 4,044 5,745
    VEEVE SYSTEMS INC. 3,013 5,717
    VERISK ANALYTICS INC. 41,923 52,935
    VERTEX PHARMACEUTICALS INC 6,785 7,090
    VISA INC. 27,774 123,582
    WALT DISNEY CO 61,296 88,778
    YANDEX N.V. 4,088 7,584

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    AKC FUND INC
    EIN:
    13-6091321
    US Government Securities - End of Year Book Value:

    388,418
    US Government Securities - End of Year Fair Market Value:

    407,979
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    AKC FUND INC
    EIN:
    13-6091321
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PROLOGIS INC. AT COST 19,917 21,445
    GOLDMAN SACHS HIGH YIELD FLOATING RATE FUND AT COST 68,660 63,840
    GOLDMAN SACHS HIGH YIELD FUND INSTITUTIONAL AT COST 78,471 71,584
    HARDING LOEVNER INSTITUTIONAL EMERGING MARKETS AT COST 153,880 232,569
    VANGUARD SMALL-CAP GROWTH INDEX FUND ETF AT COST 200,731 361,341
    VANGUARD SMALL-CAP VALUE INDEX FUND ETF AT COST 239,811 302,196
    CROWN CASTLE INTERNATIONAL AT COST 22,058 81,187
    EQUINIX INC. AT COST 48,407 51,421
    HANNON ARMSTRONG SUSTAINABLE AT COST 44,519 82,459
    PROLOGIS INC. AT COST 34,084 63,284

    TY 2020 OtherAssetsSchedule
    Name:
    AKC FUND INC
    EIN:
    13-6091321
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DUE FROM BROKER 567    


    TY 2020 OtherExpensesSchedule
    Name:
    AKC FUND INC
    EIN:
    13-6091321
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEE 275 0   275
    MISC 40 0   40
    DUES & SUBSCRIPTIONS 100 0   100


    TY 2020 OtherLiabilitiesSchedule
    Name:
    AKC FUND INC
    EIN:
    13-6091321
    Description Beginning of Year - Book Value End of Year - Book Value
    DUE TO BROKER 0 6,596


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    AKC FUND INC
    EIN:
    13-6091321
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE FEES 37,700 0   37,700
    ADMINISTRATIVE SERVICE 659 0   659
    ADVISORY FEES 36,668 36,668   0
    TRUST SERVICES FEE 1,466 0   1,466


    TY 2020 ReasonableCauseExplanation
    Name:
    AKC FUND INC
    EIN:
    13-6091321
    Explanation:
    THE TAXPAYER TIMELY FILED A PAPER RETURN WHICH WAS ACCEPTED ON JUNE 21, 2021, BUT WAS RETURNED WITH LETTER 2697C DATED JULY 26, 2021 WHICH INDICATED THAT THE TAXPAYER MUST E-FILE THE RETURN. THE 990-PF AS ORIGINALLY PREPARED CONTAINED SEVERAL PDF ATTACHMENTS FOR ASSET LISTING, CHARITABLE CONTRIBUTIONS MADE AND OTHER ITEMS. DUE TO THESE PDF ATTACHMENTS, E-FILING WAS NOT ALLOWED AND SO, A PAPER FILING WAS MADE. WHEN THE SERVICE RETURNED THE COMPLETED FORM 990-PF TO THE TAXPAYER WITH LETTER 2697C, WE MADE INQUIRIES AND WERE INSTRUCTED BY THE TAX PREPARATION SOFTWARE COMPANY THAT EVEN THOUGH THE VOLUME OF INFORMATION THAT WAS INCLUDED IN THE PDFS WAS MASSIVE, EACH LINE ITEM, NAME, ADDRESS AND AMOUNT, ETC., HAD TO BE MANUALLY INPUT CAUSING MANY ADDITIONAL HOURS TO PREPARE A RETURN THAT WAS ACCEPTABLE FOR E-FILING. ACCORDINGLY WE RESPECTFULLY REQUEST THAT ANY PENALTY FOR LATE FILING BE WAIVED FOR REASONABLE CAUSE.

    TY 2020 TaxesSchedule
    Name:
    AKC FUND INC
    EIN:
    13-6091321
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 418 418   0