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 Midvale Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

20-8678873
B Telephone number (see instructions)

(800) 839-1754
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$6,314,104J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 942 942  
4 Dividends and interest from securities... 99,146 99,146  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 625,244
b Gross sales price for all assets on line 6a 1,864,059
7 Capital gain net income (from Part IV, line 2)... 625,244
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 66 66  
12 Total. Add lines 1 through 11........ 725,398 725,398  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 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 100 0 0 100
c Other professional fees (attach schedule).... Click to see attachment 24,376 24,376    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,792 68    
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 26,655     26,655
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 55,923 24,444 0 26,755
25 Contributions, gifts, grants paid....... 238,300 238,300
26 Total expenses and disbursements. Add lines 24 and 25 294,223 24,444 0 265,055
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 431,175
b Net investment income (if negative, enter -0-) 700,954
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 198,490 161,785 161,785
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)....... 3,828,601 Click to see attachment4,296,481 6,152,319
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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) 4,027,091 4,458,266 6,314,104
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 4,027,091 4,458,266
29 Total net assets or fund balances (see instructions)..... 4,027,091 4,458,266
30 Total liabilities and net assets/fund balances (see instructions). 4,027,091 4,458,266
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
4,027,091
2
Enter amount from Part I, line 27a .....................
2
431,175
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
4,458,266
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,458,266
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      
b
c
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 1,864,059   1,238,815 625,244
b
c
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       625,244
b
c
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 2 625,244
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 9,743
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  
3 Add lines 1 and 2........................... 3 9,743
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 9,743
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 3,900
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,850
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,750
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 7
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet7 RefundedBullet 11  
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletDE
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
    Matthew Hintsa Dir, VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Michael Hintsa Dir, VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Moira Hintsa Pres, Dir, Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    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.........................bullet  
    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
    5,397,665
    b
    Average of monthly cash balances.......................
    1b
    178,625
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,576,290
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    5,576,290
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    83,644
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,492,646
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    274,632
    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
    274,632
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    9,743
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,743
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    264,889
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    264,889
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    264,889
    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
    265,055
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    265,055
    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
    265,055
    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 7 264,889
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 255,905
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 265,055
    a Applied to 2019, but not more than line 2a 255,905
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 9,150
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		255,739
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		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.... 0
    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).)
    NONE
    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
    ACLU FOUNDATION OF MASSACHUSETTS INC
    211 CONGRESS ST 3RD FL
    BOSTON,MA02110     		N/A PC General & Unrestricted 500
    ADAM J LEWIS ACADEMY INC
    500 STATE ST
    BRIDGEPORT,CT06604     		N/A PC General & Unrestricted 18,500
    ALL FAITHS FOOD BANK INC
    8171 BLAIKIE CT
    SARASOTA,FL34240     		N/A PC General & Unrestricted 5,000
    ANIMAL RESCUE LEAGUE OF SOUTHERN RHODE ISLAND
    PO BOX 458
    WAKEFIELD,RI02880     		N/A PC General & Unrestricted 2,000
    BOSTON RESCUE MISSION INC
    PO BOX 120069
    BOSTON,MA02112     		N/A PC General & Unrestricted 1,000
    BOSTON SYMPHONY ORCHESTRA INC
    301 MASS AVE
    BOSTON,MA02115     		N/A PC General & Unrestricted 250
    CHARLES RIVER WATERSHED ASSOCIATION INC
    190 PARK RD
    WESTON,MA02493     		N/A PC General & Unrestricted 500
    CHILDREN FIRST INC
    1723 N ORANGE AVE
    SARASOTA,FL34234     		N/A PC General & Unrestricted 2,000
    CONGO LEADERSHIP INITIATIVE
    100 N LAKE DR APT 26
    ORCHARD PARK,NY14127     		N/A PC General & Unrestricted 500
    CONNECTICUT LAND CONSERVATION COUNCIL INC
    27 WASHINGTON ST
    MIDDLETOWN,CT06457     		N/A PC General & Unrestricted 500
    CORNELL DAILY SUN ALUMNI ASSOCIATION INC
    401 E STATE ST STE 500
    ITHACA,NY14850     		N/A PC General & Unrestricted 2,500
    CORNELL UNIVERSITY
    PO BOX 37334
    BOONE,IA50037     		N/A PC General & Unrestricted 1,000
    CORNELL UNIVERSITY
    PO BOX 37334
    BOONE,IA50037     		N/A PC Botanic Gardens 2,100
    CORNELL UNIVERSITY
    PO BOX 37334
    BOONE,IA50037     		N/A PC Cornell Botanic Gardens 3,500
    CORNELL UNIVERSITY
    PO BOX 37334
    BOONE,IA50037     		N/A PC Cornell Feline Health Center 1,000
    CORNELL UNIVERSITY
    PO BOX 37334
    BOONE,IA50037     		N/A PC Herbert F. Johnson Museum FOPAC 7,500
    CORNELL UNIVERSITY
    PO BOX 37334
    BOONE,IA50037     		N/A PC Herbert F. Johnson Museum of Art 500
    CORNELL UNIVERSITY
    PO BOX 37334
    BOONE,IA50037     		N/A PC Herbert F. Johnson Museum of Art Annual Fund 50,000
    CORNELL UNIVERSITY
    PO BOX 37334
    BOONE,IA50037     		N/A PC Herbert F. Johnson Museum of Art Director's Discretionary Fund 40,000
    CORNELL UNIVERSITY
    PO BOX 37334
    BOONE,IA50037     		N/A PC Prison Education Program 5,100
    CORNELL UNIVERSITY
    PO BOX 37334
    BOONE,IA50037     		N/A PC School of Hotel Administration - Annual Fund 1,500
    CORNELL UNIVERSITY
    PO BOX 37334
    BOONE,IA50037     		N/A PC Sphinx Head Society 500
    DOWNTOWN EVENING SOUP KITCHEN INC
    PO BOX 1478
    NEW HAVEN,CT06506     		N/A PC General & Unrestricted 500
    FRIENDS OF CONNECTICUT STATE PARKS INC
    16 MERIDEN RD
    ROCKFALL,CT06481     		N/A PC General & Unrestricted 500
    FRIENDS OF THE NARRAGANSETT LIBRARY
    35 KINGSTON RD
    NARRAGANSETT,RI02882     		N/A PC General & Unrestricted 5,000
    GIFFORDS LAW CENTER TO PREVENT GUN VIOLENCE
    268 BUSH ST STE 555
    SAN FRANCISCO,CA94104     		N/A PC General & Unrestricted 2,000
    GREENS FARMS ACADEMY INC
    PO BOX 998
    GREENS FARMS,CT06838     		N/A PC General & Unrestricted 4,000
    HOMES WITH HOPE INC
    59 MYRTLE AVE
    WESTPORT,CT06880     		N/A PC General & Unrestricted 1,000
    HORIZONS AT GREENS FARMS ACADEMY
    35 BEACHSIDE AVE PO BOX 998
    GREENS FARMS,CT06838     		N/A PC General & Unrestricted 7,500
    INNOVATIONS FOR POVERTY ACTION
    228 PARK AVE S
    NEW YORK,NY10003     		N/A PC General & Unrestricted 1,500
    ITHACA COLLEGE
    953 DANBY RD
    ITHACA,NY14850     		N/A PC General & Unrestricted 6,000
    JOHN & MABLE RINGLING MUSEUM OF ART FOUNDATION
    5401 BAY SHORE RD
    SARASOTA,FL34243     		N/A SO I General & Unrestricted 1,000
    LANAI CAT SANCTUARY INC
    PO BOX 631577
    LANAI CITY,HI96763     		N/A PC General & Unrestricted 1,000
    NARRAGANSETT HISTORICAL SOCIETY
    PO BOX 418
    NARRAGANSETT,RI02882     		N/A PC General & Unrestricted 11,000
    NARROW RIVER PRESERVATION ASSOCIATION INC
    PO BOX 8
    SAUNDERSTOWN,RI02874     		N/A PC General & Unrestricted 500
    NATIONAL PARK FOUNDATION
    1110 VERMONT AVE NW STE 200
    WASHINGTON,DC20005     		N/A PC General & Unrestricted 1,000
    NEW HAVEN LAND TRUST INCORPORATED
    817 GRAND AVE STE 102
    NEW HAVEN,CT06511     		N/A PC General & Unrestricted 500
    NEW YORK CITY BALLET INC
    20 LINCOLN CENTER PLZ
    NEW YORK,NY10023     		N/A PC General & Unrestricted 10,000
    PARTNERS IN HEALTH A NONPROFIT CORPORATION
    PO BOX 996
    FREDERICK,MD21705     		N/A PC General & Unrestricted 12,000
    PLANNED PARENTHOOD FEDERATION OF AMERICA INC
    123 WILLIAMS ST 10TH FL
    NEW YORK,NY10038     		N/A PC General & Unrestricted 5,000
    PRO PUBLICA INC
    155 AVE OF THE AMERICAS 13TH FL
    NEW YORK,NY10013     		N/A PC General & Unrestricted 3,000
    SOUTH COUNTY HOSPITAL HEALTHCARE
    100 KENYON AVE
    WAKEFIELD,RI02879     		N/A PC General & Unrestricted 5,100
    THE CONNECTICUT AUDUBON SOCIETY INCORPORATED
    314 UNQUOWA RD
    FAIRFIELD,CT06824     		N/A PC General & Unrestricted 750
    THE FINGER LAKES LAND TRUST INC
    202 E COURT ST
    ITHACA,NY14850     		N/A PC General & Unrestricted 500
    THE JONNYCAKE CENTER INC
    1231 KINGSTOWN RD
    PEACE DALE,RI02879     		N/A PC General & Unrestricted 4,000
    THE TREVOR PROJECT INC
    PO BOX 69232
    WEST HOLLYWOOD,CA90069     		N/A PC General & Unrestricted 1,000
    UNITED WAY OF GREATER NEW HAVEN INC
    370 JAMES ST STE 403
    NEW HAVEN,CT06513     		N/A PC General & Unrestricted 1,000
    UNITED WAY OF GREATER TORONTO
    26 WELLINGTON ST E 12TH FL
    TORONTO,ONTARIOM5E 1S2
    CA     		N/A PC General & Unrestricted 1,500
    UNQUOWA SCHOOL ASSOCIATION INC
    981 STRATFIELD RD
    FAIRFIELD,CT06825     		N/A PC Adam J. Lewis Alumni Fund 5,000
    WIKIMEDIA FOUNDATION INC
    PO BOX 98204
    WASHINGTON,DC20090     		N/A PC General & Unrestricted 500
    Total .................................bullet 3a 238,300
    bApproved for future payment
    Total .................................bullet 3b  
    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 ...........     		    14 942  
    4 Dividends and interest from securities....     14 99,146  
    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 ............     		    18 625,244  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aCLASS ACTION LAWSUIT PROCEEDS     		    01 66  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   725,398  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    725,398
    (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:
    The Midvale Foundation
    EIN:
    20-8678873
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tax Return Preparation/Review 100     100

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

    TY 2020 DepreciationSchedule
    Name:
    The Midvale Foundation
    EIN:
    20-8678873
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Midvale Foundation
    EIN:
    20-8678873
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS 19,170 26,387
    ABBVIE INC 42,637 60,004
    ADOBE SYSTEMS, INC 11,910 27,006
    ADVANCED MICRO DEVICES INC 9,762 30,264
    AIR PRODS & CHEM INC 16,671 21,311
    ALPHABET INC CL A 53,029 119,180
    AMAZON COM 37,966 146,562
    AMER INTERNATIONAL GROUP INC 37,086 34,831
    AMERICAN FUNDS EUROPACIFIC GRO 60,000 74,822
    AMERICAN TOWER REIT INC 12,011 16,835
    APPLE INC 85,212 241,497
    ATLASSIAN CORP PLC 7,228 15,435
    BANK OF AMERICA CORP 24,716 60,014
    BANK OF AMERICA CORP - 7.250% 8,362 30,372
    BECTON DICKINSON & CO 15,418 15,013
    BLACKROCK CREDIT STRATEGIES IN 25,000 26,292
    BLACKROCK EVENT DRIVEN EQUITY 80,000 87,344
    BLACKROCK INC 11,581 33,912
    BNY MELLON CORPORATE BOND FD C 41,167 44,729
    BOEING CO 13,955 16,055
    BOSTON SCIENTIFIC 28,469 28,041
    BRISTOL-MYERS SQUIBB CO 38,250 43,421
    CALAMOS CONVERTIBLE FD CL I 21,000 33,958
    CALAMOS MARKET NEUTRAL FD CL I 70,640 74,409
    CAPITAL ONE FINANCIAL CORP 24,705 44,483
    CATERPILLAR INC 14,913 17,292
    CELANESE CORPORATION 13,401 35,214
    CENTENE CORP 17,933 16,208
    CHARLES SCHWAB CORP 24,390 34,476
    CHARTER COMMUNICATIONS, INC 24,695 31,093
    CHEVRON CORP 50,019 42,816
    CISCO SYSTEMS INC 10,975 22,375
    CLOROX CO 11,865 18,173
    CME GROUP, INC 27,521 27,672
    COHEN & STEERS PREFRRD SECS & 30,000 31,101
    COMCAST CORP 15,811 20,960
    CONSTELLATION BRANDS INC 9,938 11,829
    COSTCO WHOLESALE CORPORATION 20,271 48,228
    CROWDSTRIKE HOLDINGS ORD SHS C 6,834 18,428
    CSX CORP 15,084 35,393
    CVS CAREMARK CORP 33,961 48,356
    DANAHER CORP 5,388 29,989
    DEERE CO 19,251 40,088
    DOLLAR GENERAL CORP 8,690 12,618
    DOUBLELINE TOTAL RETURN BOND 120,000 121,332
    DREYFUS FLOATING RATE INCOME Y 50,900 46,500
    DREYFUS NEWTON INTERNATIONAL E 75,000 92,442
    DREYFUS PREMIER LTD TERM HIGH 31,782 28,576
    DREYFUS SELECT MANAGERS SMALL 35,000 38,164
    EATON CORP PLC 14,689 33,279
    ECOLAB INC 5,450 23,800
    ELI LILLY & CO 19,252 20,598
    EQUINIX, INC 17,599 26,425
    EXELON CORPORATION 14,305 13,088
    EXXON MOBIL CORP 17,343 10,717
    F M C CP 13,294 14,251
    FACEBOOK INC 51,077 90,962
    FASTENAL COMPANY 9,913 22,462
    FISERV INC 4,183 36,435
    GATEWAY FUND CLASS Y 74,633 84,665
    GEN DYNAMICS CP 10,517 10,417
    HOLOGIC, INC 10,705 21,485
    HOME DEPOT INC 39,474 52,858
    HONEYWELL INTL 6,186 39,350
    HORIZON PHARMA PLC 15,752 15,362
    ILLINOIS TOOL WORKS 13,717 33,232
    INTERCONTINENTAL EXCHANGE, INC 21,013 30,321
    INTUIT 12,407 16,713
    INVESCO QQQ TRUST 12,871 15,373
    ISHARES CORE MSCI EAFE ETF 19,879 26,531
    ISHARES CORE MSCI EMERGING MAR 20,743 29,469
    JOHNSON & JOHNSON 11,579 23,607
    JP MORGAN CHASE 56,760 96,065
    JP MORGAN ULTRA SHORT INCOME E 40,174 40,632
    JPMORGAN SMALL CAP EQUITY FUND 142,001 178,851
    JPMORGAN STRATEGIC INCOME OPPO 40,000 39,965
    KLA TENCOR CORP 11,792 17,606
    LABORATORY CORP AMER HLDGS 12,675 32,161
    LAS VEGAS SANDS CORP 21,381 25,628
    LORD ABBETT INV TR, LORD ABBET 60,000 63,520
    LORD ABBETT INVESTMENT TRUST S 120,000 121,125
    LUMENTUM HOLDINGS INC 15,782 18,960
    MATTHEWS PACIFIC TIGER FUND 54,754 68,748
    MEDTRONIC PLC 43,068 52,947
    MELLON BOND FD CL M 120,858 124,876
    MELLON INTERMEDIATE BOND FUND 50,531 51,917
    MELLON INTERNATIONAL FD CL M 79,046 95,176
    MELLON MID CAP STK FD CL M 148,001 213,936
    METROPOLITAN WEST RETURN BOND 102,040 102,055
    MFS INTERNATIONAL DIVERSIFICAT 105,000 127,803
    MICRON TECHNOLOGY 32,457 54,881
    MICROSOFT CORP 78,790 172,153
    MONDELEZ INTERNATIONAL INC 21,838 28,650
    NETFLIX INC 14,349 18,385
    NEXTERA ENERGY, INC 14,834 24,688
    NIKE INC-CL B 19,576 38,904
    NVIDIA CORP 36,034 76,763
    O'REILLY AUTOMOTIVE INC 21,944 24,439
    ORACLE CORP 8,941 27,493
    OTIS WORLDWIDE CORP 12,202 16,617
    PAYCHEX 12,494 18,636
    PAYPAL HOLDINGS, INC 45,867 76,583
    PEPSICO INC 7,076 12,606
    PFIZER INC 27,347 27,608
    PHILIP MORRIS INTL 29,307 27,569
    PIONEER NAT RES CO 14,707 11,161
    PNC FINANCIAL GROUP INC 7,308 14,751
    PROCTER GAMBLE CO 35,409 57,326
    RAYTHEON TECHNOLOGIES CORP 9,731 8,796
    S&P GLOBAL INC COM 18,206 25,970
    SALESFORCE.COM 17,951 39,388
    SCHLUMBERGER LTD 15,751 5,196
    SEMPRA ENERGY COM 17,134 13,633
    SKYWORKS SOLUTIONS, INC 13,105 15,135
    SQUARE INC 11,767 35,911
    STANLEY BLACK & DECKER INC 9,824 12,321
    STRATEGIC FDS, INC. DREYFUS SE 25,000 35,488
    SYNCHRONY FINANCIAL 26,765 35,057
    T ROWE PRICE EMRG MKTS STOCK F 80,000 96,879
    T-MOBILE US INC 7,425 14,699
    T. ROWE PRICE HIGH YIELD FUND 50,000 53,120
    TEXAS INSTRUMENTS INC 31,745 41,853
    THE COCA-COLA CO 36,145 37,291
    THE TRADE DESK INC 5,570 20,826
    THERMO FISHER SCIENTIFIC INC 17,299 45,181
    TRANE TECHNOLOGIES PLC 2,487 41,371
    TRAVELERS COMPANIES INC 9,820 25,407
    TRUIST FINANCIAL CORPORATION 26,777 29,669
    UNITEDHEALTH GROUP INC 37,483 48,043
    VALERO ENERGY CORP 8,495 8,768
    VANGUARD HEALTH CARE ETF 17,153 22,373
    VANGUARD SHORT TERM INFLATION 101,034 103,631
    VERIZON COMMUNICATIONS 5,917 7,285
    VISA INC 51,983 100,178
    VOYA FINANCIAL INC 14,402 26,465
    WAL-MART STORES INC 15,333 23,064
    WALT DISNEY HOLDINGS CO 27,742 47,107
    YUM BRANDS INC 13,946 18,130

    TY 2020 OtherExpensesSchedule
    Name:
    The Midvale Foundation
    EIN:
    20-8678873
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 26,630     26,630
    State or Local Filing Fees 25     25


    TY 2020 OtherIncomeSchedule2
    Name:
    The Midvale Foundation
    EIN:
    20-8678873
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Class Action Lawsuit Proceeds 66 66  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Midvale Foundation
    EIN:
    20-8678873
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 24,376 24,376    


    TY 2020 TaxesSchedule
    Name:
    The Midvale Foundation
    EIN:
    20-8678873
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2020 3,900      
    990-PF Excise Tax for 2019 824      
    Foreign Tax Paid 68 68