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
JM McDonald Foundation Inc
 
% 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

47-1431059
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$45,050,671J 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 1,250 1,250  
4 Dividends and interest from securities... 361,748 361,748  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,266,137
b Gross sales price for all assets on line 6a 28,599,899
7 Capital gain net income (from Part IV, line 2)... 5,266,137
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........ 5,629,135 5,629,135  
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).......        
c Other professional fees (attach schedule).... Click to see attachment 168,616 168,616    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 53,929 2,329    
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 48,600 247   48,353
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 271,145 171,192   48,353
25 Contributions, gifts, grants paid....... 1,560,000 1,560,000
26 Total expenses and disbursements. Add lines 24 and 25 1,831,145 171,192   1,608,353
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,797,990
b Net investment income (if negative, enter -0-) 5,457,943
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......... 550,905 3,374,791 3,374,791
3 Accounts receivable bullet2,925
Less: allowance for doubtful accounts bullet   3,271 2,925 2,925
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) 2,283,866 Click to see attachment1,309,406 1,413,804
b Investments—corporate stock (attach schedule)....... 16,831,759 Click to see attachment19,365,521 38,159,797
c Investments—corporate bonds (attach schedule)....... 2,661,894 Click to see attachment2,079,042 2,099,354
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) 22,331,695 26,131,685 45,050,671
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 22,331,695 26,131,685
29 Total net assets or fund balances (see instructions)..... 22,331,695 26,131,685
30 Total liabilities and net assets/fund balances (see instructions). 22,331,695 26,131,685
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
22,331,695
2
Enter amount from Part I, line 27a .....................
2
3,797,990
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,000
4
Add lines 1, 2, and 3 ..........................
4
26,131,685
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
26,131,685
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 28,599,899   23,333,762 5,266,137
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       5,266,137
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 5,266,137
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 75,865
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 75,865
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 75,865
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 55,495
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,380
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 75,875
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 10
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet10 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)
    bulletCO, NE
    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
     
    No
    ........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
    Dana Amundson Dir, Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Pamela Criswell Dir, Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Donald R McJunkin Pres, Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Nancy J Palmer VP, Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Scott Michael Palmer Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Janet E Stanton Dir, VP
    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
    HARTLINE INVESTMENT CORP Investment Mgmt 168,616
    211 WEST WACKER DR SUITE 1600
    CHICAGO,IL60606
    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
    33,435,265
    b
    Average of monthly cash balances.......................
    1b
    1,686,450
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    35,121,715
    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
    35,121,715
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    526,826
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    34,594,889
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,729,744
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,729,744
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    75,865
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    75,865
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,653,879
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    2,000
    5
    Add lines 3 and 4............................
    5
    1,655,879
    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
    1,655,879
    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
    1,608,353
    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
    1,608,353
    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
    1,608,353
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 1,655,879
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 40,404
    c From 2017...... 47,971
    d From 2018...... 100,561
    e From 2019......  
    fTotal of lines 3a through e........ 188,936
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,608,353
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 1,608,353
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 47,526 47,526
    (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 5 141,410
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    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 ......     		141,410
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 40,849
    c Excess from 2018.... 100,561
    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).)
    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 e-mail address of the person to whom applications should be addressed:
    GRANT APPS TO JM MCDONALD FDN INC
    501 SILVERSIDE ROAD SUITE 123
    WILMINGTON,DE198091377
    (800) 839-1754
    bThe form in which applications should be submitted and information and materials they should include:
    GRANT APPS TO J.M. MCDONALD FDN INC HTTP://WWW.JMMCDONALDFOUNDATION.ORG/
    cAny submission deadlines:
    GRANT APPS TO J.M. MCDONALD FDN INC HTTP://WWW.JMMCDONALDFOUNDATION.ORG/
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANT APPS TO J.M. MCDONALD FDN INC HTTP://WWW.JMMCDONALDFOUNDATION.ORG/
    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
    441 MINISTRIES BEECHWOOD INC
    441 PARSELLS AVE
    ROCHESTER,NY14609     		N/A PC New City Cafe Apprenticeship Program (CAP) 5,000
    A MAGICAL JOURNEY THRU STAGES INC
    875 E MAIN ST
    ROCHESTER,NY14605     		N/A PC Youth Theatre Experiences Program 4,000
    A PLACE FOR JAZZ LTD
    PO BOX 1059
    SCHENECTADY,NY12301     		N/A PC A Place for Jazz 2020 Concert and Program Series 3,000
    ADIRONDACK LAKES CENTER FOR THE ARTS
    3446 STATE RTE 28
    BLUE MTN LAKE,NY12812     		N/A PC Building Facade Replacement and Handicap/Emergency Upgrades 4,000
    ADIRONDACK MEDICAL CENTER FOUNDATION
    PO BOX 120
    SARANAC LAKE,NY12983     		N/A SO I Cough Assist in Response of COVID-19 Surge 10,000
    AIDS COMMUNITY RESOURCES
    627 W GENESEE ST
    SYRACUSE,NY13204     		N/A PC The Q Center - Youth Programs 5,000
    AIDS COUNCIL OF NORTHEASTERN NEW YORK INC
    927 BROADWAY
    ALBANY,NY12207     		N/A PC Emergency Financial Assistance Fund 5,000
    ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES
    106 NEW SCOTLAND AVE
    ALBANY,NY12208     		N/A PC ACPHS - Library Renovation Project 5,000
    ALBANY LEADERSHIP CHARTER HIGH SCHOOL FOR GIRLS
    19 HACKETT BLVD
    ALBANY,NY12208     		N/A PC College Prep Scholarship fund 4,000
    Columbia Memorial Health Foundation
    71 PROSPECT AVE
    HUDSON,NY12534     		N/A SO II General & Unrestricted 10,000
    ARC OF GENESEE ORLEANS
    64 WALNUT ST
    BATAVIA,NY14020     		N/A PC Meals on Wheels refrigeration capacity fund 20,000
    ARTS CENTER AND THEATER OF SCHENECTADY INC
    432 STATE ST
    SCHENECTADY,NY12305     		N/A PC Ticket Me - Regional Box Office Infrastructure Fund 5,000
    ASSOCIATION OF PERINATAL NETWORKS OF NEW YORK INC
    457 STATE ST
    BINGHAMTON,NY13901     		N/A PC Advancing Maternal Infant Health Expertise and Advocacy in NYS 10,000
    BIG BIG TABLE COMMUNITY CAFE INCORPORATED
    88 GREY ST
    BUFFALO,NY14212     		N/A PC It's Time! Launching WNY's First Pay-What-You-Can Community Caf, Big Big Table Fund 5,000
    BLYTHEDALE CHILDREN'S HOSPITAL
    95 BRADHURST AVE
    VALHALLA,NY10595     		N/A PC Early Childhood Center (ECC) 10,000
    BOOTSTRAPS INC
    PO BOX 253
    EVERGREEN,CO80437     		N/A PC Scholarships fund and Emergency Loans 5,000
    BOY SCOUTS OF AMERICA
    41 SAW MILL RIVER RD
    HAWTHORNE,NY10532     		N/A PC STEM Ranch Headquarters Program 5,000
    BRISTOL HOME INC
    1500 MAIN ST
    BUFFALO,NY14209     		N/A PC Stair Lift Replacement 5,000
    CAMP TLC TOGETHER LIVING A CHALLENGE CORPORATION
    300 W OCEAN BLVD APT 6913
    LONG BEACH,CA90802     		N/A PC Camp Moki Program 5,000
    CAMPHILL GHENT INC
    2542 RTE 66
    CHATHAM,NY12037     		N/A PC Fire Safety Monitoring System Replacement 8,000
    CANCER ACTION INC
    255 ALEXANDER ST
    ROCHESTER,NY14607     		N/A PC Community is Stronger than Cancer Mini-Campaign 5,000
    CANCER HOPE NETWORK INC
    2 N RD
    WESTFIELD,NJ07930     		N/A PC One-On-One Peer and Support Programs 8,000
    CAREERS SUPPORT SOLUTIONS INC
    400 COLUMBUS AVE
    VALHALLA,NY10595     		N/A PC Workforce Readiness, Training and Placement Program 4,000
    CATHOLIC CHARITIES OF THE DIOCESE OF ROCHESTER
    215 E CHURCH ST
    ELMIRA,NY14901     		N/A PC Client Van Fund 7,000
    CATHOLIC CHARITIES OF THE ROMAN CATHOLIC DIOCESE
    1654 W ONONDAGA ST
    SYRACUSE,NY13204     		N/A PC House of Providence Cornice Repair fund 10,000
    CATHOLIC SCHOOLS OF BROOME COUNTY
    70 SEMINARY AVE
    BINGHAMTON,NY13905     		N/A PC Theater for the Deaf Fund 4,000
    CATSKILL AREA HOSPICE AND PALLIATIVE CARE INC
    297 RIVER ST SERVICE RD
    ONEONTA,NY13820     		N/A PC Enhancing Hospice Services for Rural Upstate New York Residents 5,000
    CATSKILL CENTER FOR INDEPENDENCE INC
    6104 STATE HWY 23
    ONEONTA,NY13820     		N/A PC Covid 19 Response Fund 5,000
    CAZENOVIA COLLEGE
    95 ALBANY ST
    CAZENOVIA,NY13035     		N/A PC Finance Program Teaching Laboratory 25,000
    CENTER FOR DISABILITY SERVICES INC
    314 S MANNING BLVD
    ALBANY,NY12208     		N/A PC Technology Enhancements for St. Margaret's Center Pediatric Skilled Nursing Facility 5,000
    CENTRAL NEW YORK SPAY NEUTER ASSISTANCE PROGRAM CN
    17 SALISBURY ST
    CORTLAND,NY13045     		N/A PC Spay/Neuter and Vaccination Project - Dogs and Cats from Low-Income Households in the Cortland Community 5,000
    CHALLENGE INDUSTRIES INC
    950 DANBY RD STE 179
    ITHACA,NY14850     		N/A PC Strengthening our Connections Program 2,000
    CHARLTON SCHOOL
    PO BOX 47
    BURNT HILLS,NY12027     		N/A PC Art Therapy renovation 5,000
    COLORADO COALITION FOR THE HOMELESS
    2111 CHAMPA ST
    DENVER,CO80205     		N/A PC COVID-19 Emergency Response Fund 10,000
    CORTLAND COUNTY HISTORICAL SOCIETY -INC-
    25 HOMER AVE
    CORTLAND,NY13045     		N/A PC Revitalizing & Restoring Our Past Program 17,000
    CORTLAND FREE LIBRARY INC
    32 CHURCH ST
    CORTLAND,NY13045     		N/A PC Cool Kids & Collections - HVAC System Upgrade Fund 35,000
    CORTLAND MEMORIAL FOUNDATION IND C O CORTLAND
    134 HOMER AVE
    CORTLAND,NY13045     		N/A PC Cancer Treatment Center Capital Campaign 400,000
    CRAIGARDAN INC
    PO BOX 46
    KEENE,NY12942     		N/A PC Craigardan Farm Store and Community Resource Project 3,000
    CROUSE HEALTH FOUNDATION INC
    736 IRVING AVE
    SYRACUSE,NY13210     		N/A PC General & Unrestricted 20,000
    CURE CHILDHOOD CANCER ASSOCIATION
    200 WESTFALL RD
    ROCHESTER,NY14620     		N/A PC Parent Advocate Support Program 6,000
    DAYSTAR FOR MEDICALLY FRAGILE CHILDREN INC
    700 LAC DE VILLE BLVD
    ROCHESTER,NY14618     		N/A PC Continuity of Care Training for Children with Complex Medical Conditions 5,000
    DEVELOPMENTAL DISABILITIES CENTER DBA IMAGINE
    1400 DIXON AVE
    LAFAYETTE,CO80026     		N/A PC Foothills Walkway Renovation Project 5,000
    DIMITRI HOUSE INC
    102 N UNION ST
    ROCHESTER,NY14607     		N/A PC Dimitri Spectrum of Care program 5,000
    DOUBLE H - HOLE IN THE WOODS RANCH INC
    97 HIDDEN VALLEY RD
    LAKE LUZERNE,NY12846     		N/A PC Adaptive Winter Sports Program 5,000
    DUNDEE LIBRARY
    32 WATER ST
    DUNDEE,NY14837     		N/A PC Wheelchair Lift Replacement Project 5,000
    EAST SIDE NEIGHBORHOOD RECREATION CENTER
    596 PAWLING AVE
    TROY,NY12180     		N/A PC Security/Surveillance Safety System 3,000
    EQUINOX INC
    500 CENTRAL AVE
    ALBANY,NY12206     		N/A PC Transitional Living Program for Homeless Youth 5,000
    EVERGREEN CHRISTIAN OUTREACH
    PO BOX 1515
    EVERGREEN,CO80437     		N/A PC General & Unrestricted 25,000
    FAMILY COUNSELING SERVICES OF CORTLAND COUNTY INC
    165 MAIN ST
    CORTLAND,NY13045     		N/A PC Telehealth Services in Response to COVID-19 Health Crisis 25,000
    FAMILY PROMISE OF ALBANY COUNTY INC
    738 NEW SCOTLAND AVE
    ALBANY,NY12208     		N/A PC Program Services Project 5,000
    FAMILY PROMISE OF WESTERN NEW YORK
    75 HICKORY ST
    BUFFALO,NY14204     		N/A PC Kitchen Expansion fund to Better Serve Families Experiencing Homelessness 3,000
    FAMILY SERVICES INC
    29 N HAMILTON ST
    POUGHKEEPSIE,NY12601     		N/A PC Family Services Teen Resource Activity Center 5,000
    FOOD BANK OF CENTRAL NEW YORK
    7066 INTERSTATE ISLAND RD
    SYRACUSE,NY13209     		N/A PC COVID-19 Response fund 40,000
    FREEDOM GUIDE DOGS FOR THE BLIND INC
    1210 HARDSCRABBLE RD
    CASSVILLE,NY13318     		N/A PC New to Us Minivan Program 10,000
    FRESH AIR FUND
    633 3RD AVE
    NEW YORK,NY10017     		N/A PC Sharpe Reservation Year-Round Program 5,000
    GARDENSHARE INC
    PO BOX 516
    CANTON,NY13617     		N/A PC Amplifying the Local Food Conversation program 2,000
    GIRL SCOUTS OF NYPENN PATHWAYS INC
    8170 THOMPSON RD
    CICERO,NY13039     		N/A PC Comstock Adventure Center Program (Girl Scout Camp) 5,000
    GRASSROOT GIVERS INC
    PO BOX 84
    DELMAR,NY12054     		N/A PC Access to Books For All Program 3,000
    GREYSTONE PROGRAMS INC
    700 S DR STE 203
    HOPEWELL JCT,NY12533     		N/A PC Increased Instructional Time for Adults with ASD 4,000
    GUIDING EYES FOR THE BLIND INC
    611 GRANITE SPRINGS RD
    YORKTOWN HTS,NY10598     		N/A PC "Support a Guiding Eyes" student-guide dog team Program 5,000
    HOMELESS AND TRAVELERS AID SOCIETY
    138 CENTRAL AVE
    ALBANY,NY12206     		N/A PC Feed and Read Program 5,000
    HOPE HALL
    1612 BUFFALO RD
    ROCHESTER,NY14624     		N/A PC Scholarship fund 4,000
    HOUGHTON COLLEGE
    1 WILLARD AVE
    HOUGHTON,NY14744     		N/A PC Equipping the Sciences: to purchase a new 60 MHz NMR Fund 25,000
    INTERFAITH PARTNERSHIP FOR THE HOMELESS
    176 SHERIDAN AVE
    ALBANY,NY12210     		N/A PC Sister Mavis Jewell Medical Respite program for the Homeless 10,000
    ITHACA ALPHA HOUSE CENTER INC - CAYUGA ADDICTION
    334 W STATE ST
    ITHACA,NY14850     		N/A PC General & Unrestricted 20,000
    ITHACA COMMUNITY CHILDCARE CENTER
    579 WARREN RD
    ITHACA,NY14850     		N/A PC Growing Together: IC3's Capital Campaign 10,000
    ITHACA NEIGHBORHOOD HOUSING SERVICES INC
    115 W CLINTON ST
    ITHACA,NY14850     		N/A PC Expanding Technology Infrastructure to Support a Remote Workforce in Light of COVID-19 3,000
    JACKSONVILLE HUMANE SOCIETY
    8464 BEACH BLVD
    JACKSONVILLE,FL32216     		N/A PC General & Unrestricted 2,000
    JOSEPH AVENUE ARTS AND CULTURE ALLIANCE INC
    PO BOX 30147
    ROCHESTER,NY14603     		N/A PC Fall 2020 and Spring 2021 Programs 1,000
    LAKE GEORGE OPERA FESTIVAL ASSOCIATION INC
    19 ROOSEVELT DR STE 215
    SARATOGA SPGS,NY12866     		N/A PC Interactive Virtual Education Program 2,000
    LE MOYNE COLLEGE
    1419 SALT SPRINGS RD
    SYRACUSE,NY13214     		N/A PC Le Moyne Jesuit Emergency Student Fund 25,000
    LOVE LIVING AT HOME INC
    757 WARREN RD UNIT 4836
    ITHACA,NY14852     		N/A PC support for membership programs 5,000
    MAKE-A-WISH FOUNDATION OF CENTRAL NEW YORK INC
    5005 CAMPUSWOOD DR
    EAST SYRACUSE,NY13057     		N/A PC Adopt-A-Wish Program 12,000
    MARATHON AREA VOLUNTEER AMBULANCE CORPS INC
    PO BOX 132
    MARATHON,NY13803     		N/A PC MAVAC's Automated CPR Device System for Patients in Cardiac Arrest 10,000
    MATERNITY AND EARLY CHILDHOOD FOUNDATION INC
    40 N MAIN AVE
    ALBANY,NY12203     		N/A PC Peer Sharing Network: Involve-Inform-Impact Program 5,000
    MEALS ON WHEELS OF BOULDER INC
    3701 CANFIELD ST
    BOULDER,CO80301     		N/A PC General & Unrestricted 10,000
    MERCY CARE FOR THE ADIRONDACKS
    185 OLD MILITARY RD
    LAKE PLACID,NY12946     		N/A PC Age-friendly Communities Initiative 4,000
    MERCY FLIGHT CENTRAL INC
    2420 BRICKYARD RD
    CANANDAIGUA,NY14424     		N/A PC General Support Covid-19 Response fund 5,000
    MID-HUDSON CHILDRENS MUSEUM
    75 N WATER ST
    POUGHKEEPSIE,NY12601     		N/A PC MHCM Food Works 10,000
    MOUNT SAINT MARY COLLEGE
    330 POWELL AVE
    NEWBURGH,NY12550     		N/A PC Student Emergency Needs Fund 5,000
    MOUNTAIN RESOURCE CENTER INC
    PO BOX 425
    CONIFER,CO80433     		N/A PC General & Unrestricted 15,000
    MUSICIANS OF MAALWYCK INC
    511 MOHAWK AVE
    SCOTIA,NY12302     		N/A PC "Celebrating Dutch Heritage in New York's Capital Region through Music & History" & "Beethoven 250th Anniversary" 2,000
    NATIONAL AUDUBON SOCIETY INC - MONTEZUMA AUDUBON
    PO BOX 187 2295 STATE RTE 89
    SAVANNAH,NY13146     		N/A PC Montezuma Audubon Center Virtual STEM Education Series program 2,000
    NEW YORK FARM BUREAU FOUNDATION FOR AGRICULTURAL
    159 WOLF RD
    ALBANY,NY12205     		N/A PC The Food & Farm Experience 5,000
    NEW YORK STATE PERINATAL ASSOCIATION INC
    457 STATE ST
    BINGHAMTON,NY13901     		N/A PC preparing for and addressing the 4th trimester: an interdisciplinary approach 10,000
    NORTH LONDON MILL PRESERVATION INC
    PO BOX 380
    ALMA,CO80420     		N/A PC State Historical Fund (SHF) 25,000
    NORTHEAST HEALTH FOUNDATION INC
    310 S MANNING BLVD
    ALBANY,NY12208     		N/A PC The Campaign for Memory Care at the Glen at Hiland Meadows 3,000
    NYSARC INC
    3071 COUNTY COMPLEX DR
    CANANDAIGUA,NY14424     		N/A PC Social Enterprise Employment, Training, and Skill Development for People With Disabilities 4,000
    NYSARC INC
    2060 BRIGHTONHENRIETTA
    ROCHESTER,NY14623     		N/A PC Home Makeover Challenge 4,000
    NYSARC INC
    350 S WASHINGTON ST
    HERKIMER,NY13350     		N/A PC Protected Sleep program for Individuals with Disabilities 4,000
    OMEGA INSTITUTE FOR HOLISTIC STUDIES INC
    150 LAKE DR
    RHINEBECK,NY12572     		N/A PC Equity and Access: Acceleration of Omega's Online Learning Initiative 5,000
    OPERATION WARM INC
    6 DICKINSON DR STE 314
    CHADDS FORD,PA19317     		N/A PC to purchase New Winter Coats for Buffalo Children in Need 3,000
    OPUS 40 INC
    50 FITE RD
    SAUGERTIES,NY12477     		N/A PC Meeting the Challenges of COVID-19 for all communities 5,000
    PAIGES BUTTERFLY RUN INC
    50 PRESIDENTIAL PLZ STE 106
    SYRACUSE,NY13202     		N/A PC General & Unrestricted 5,000
    PARSONS CHILD & FAMILY CENTER
    60 ACADEMY RD
    ALBANY,NY12208     		N/A PC Early Head Start Program 10,000
    PATHFINDER VILLAGE FOUNDATION INC
    3 CHENANGO RD
    EDMESTON,NY13335     		N/A PC Telehealth Sustainability Project 7,000
    PREGNANCY CARE CENTER INC
    PO BOX 28
    NEW ROCHELLE,NY10804     		N/A PC Elinor Martin Residence for Mother and Child Program 5,000
    PRESBYTERIAN HOMES FOUNDATION INC E
    PO BOX 854
    NEW HARTFORD,NY13413     		N/A PC COVID-19 Support Fund 15,000
    PRESERVATION LEAGUE OF NEW YORK STATE
    44 CENTRAL AVE
    ALBANY,NY12206     		N/A PC Reviving Parrott Hall, New York's First Agricultural Experiment Station 15,000
    RAINBOW JUNCTION LTD
    PO BOX 526
    PENN YAN,NY14527     		N/A PC to update the building and classroom needs 4,000
    RAMAPO FOR CHILDREN INC
    PO BOX 266
    RHINEBECK,NY12572     		N/A PC Summer Camp Scholarships fund for Children with Special Needs 5,000
    READING LEAGUE
    103 WYOMING ST 2ND FL
    SYRACUSE,NY13204     		N/A PC PBS Educational Programming for Students Impacted by Digital Divide during COVID-19 5,000
    REBUILDING TOGETHER-SARATOGA COUNTY
    132 MILTON AVE
    BALLSTON SPA,NY12020     		N/A PC Home Repairs for Low-Income Families Impacted by COVID-19 4,000
    RED HOOK COMMUNITY CENTER INC
    59 FISK ST
    RED HOOK,NY12571     		N/A PC RHCC Teen Group Program 4,000
    REGIONAL FOOD BANK OF NORTHEAST FLORIDA INC
    1116 EDGEWOOD AVE N UNITS D/E
    JACKSONVILLE,FL32254     		N/A PC General & Unrestricted 10,000
    RERUN INC
    236A WATERS RD
    E GREENBUSH,NY12061     		N/A PC Operating Support fund 4,000
    RESCUE MISSION ALLIANCE OF SYRACUSE N Y
    155 GIFFORD ST
    SYRACUSE,NY13202     		N/A PC Covid 19 fund 15,000
    RESPONSIVE TO OUR COMMUNITY INC
    4315 CANDLELIGHT LN
    LIVERPOOL,NY13090     		N/A PC Triple Win for Oneida NY 10,000
    RIVER HOSPITAL INC
    4 FULLER ST
    ALEX BAY,NY13607     		N/A PC Information Technology Improvements for the Delivery and Expansion of Heath Care Services at River Hospital 25,000
    ROCHESTER FRINGE FESTIVAL INC
    PO BOX 10508
    ROCHESTER,NY14610     		N/A PC Rochester Fringe Festival Fund 5,000
    ROCHESTER MUSEUM AND SCIENCE CENTER
    657 E AVE
    ROCHESTER,NY14607     		N/A PC RMSC Operating Support - Inspiring the Future Program 4,000
    ROCHESTER PHILHARMONIC ORCHESTRA INC
    255 E AVE
    ROCHESTER,NY14604     		N/A PC RPO Education & Community Engagement Series 2,000
    RURAL PRESERVATION COMPANY OF CLINTON COUNTY INC
    48 GANONG DR STE 1
    SARANAC,NY12981     		N/A PC The Emergency Home Repair Fund 5,000
    S U THEATRE CORPORATION
    820 E GENESEE ST
    SYRACUSE,NY13210     		N/A PC Backstory: Citizen James Program 2,000
    SAFE HARBOR HAVEN INC
    4772 SAFE HARBOR WAY
    JACKSONVILLE,FL32226     		N/A PC General & Unrestricted 10,000
    SAGAMORE INSTITUTE OF THE ADIRONDACKS INC
    1105 SAGAMORE RD
    RAQUETTE LAKE,NY13436     		N/A PC Great Camp Sagamore Main Lodge Porch Restoration Fund 10,000
    SALT CITY LEGACY SCHOLARS INC
    7568 SUGARWOOD LN
    N SYRACUSE,NY13212     		N/A PC JM McDonald 2020 Legacy Scholarships Fund 5,000
    SENECA CAYUGA COUNTIES CHAPTER NYSARC INC
    1083 WATERLOO GENEVA RD
    WATERLOO,NY13165     		N/A PC New Neighbors Project 4,000
    SENIOR CITIZENS SERVICE CENTER OF GLOVERSVILLE INC
    53 CHURCH ST
    GLOVERSVILLE,NY12078     		N/A PC Breakfast for Veterans Fund 2,000
    SKATING ASSOCIATION FOR THE BLIND AND HANDICAPPED
    2607 NIAGARA ST
    BUFFALO,NY14207     		N/A PC SABAH's School Day Adaptive Ice Skating Program 3,000
    SKIDMORE COLLEGE
    815 N BROADWAY
    SARATOGA SPGS,NY12866     		N/A PC Racial Justice Initiative 10,000
    SPRINGWATER WAYLAND EMERGENCY MEDICAL SERVICES INC
    PO BOX 625
    WAYLAND,NY14572     		N/A PC Required Firewall and exit doors Fund 5,000
    ST LAWRENCE COUNTY HEALTH INITIATIVE INC
    PO BOX 5069
    POTSDAM,NY13676     		N/A PC Advancing Health and Educational Equity in St. Lawrence County: Full Service Community Schools 5,000
    ST LAWRENCE VALLEY EDUCATIONAL TELEVISION COUNCIL
    1056 ARSENAL ST
    WATERTOWN,NY13601     		N/A PC Painting with Wilson Bickford Program 2,000
    ST PETERS HOSPITAL FOUNDATION INC
    310 S MANNING BLVD
    ALBANY,NY12208     		N/A PC Armed with Compassion, Protected to Serve the Marginalized: Providing Personal Protective Equipment to Medical Workers 5,000
    STEUBEN SENIOR SERVICES FUND INC
    3 E PULTENEY SQ
    BATH,NY14810     		N/A PC Continued integration of Full Circle America in SSSF's Aging in Place Projects 10,000
    SYRACUSE UNIVERSITY
    640 SKYTOP RD FL 2
    SYRACUSE,NY13244     		N/A PC 360 Collaborative Network Program 10,000
    THE CANTATA SINGERS
    PO BOX 952
    ELMIRA,NY14902     		N/A PC Creating a Virtual Music Community Through the COVID Crisis 2,000
    THE FINGER LAKES LAND TRUST INC
    202 E COURT ST
    ITHACA,NY14850     		N/A PC Protecting Skaneateles Lake: Creating a Critical Conservation Corridor initiative 20,000
    THE HYDE COLLECTION TRUST
    161 WARREN ST
    GLENS FALLS,NY12801     		N/A PC Covid Relief fund to Support Virtual Arts Education Programs at The Hyde 5,000
    THE UPSTATE FOUNDATION INC
    750 E ADAMS ST
    SYRACUSE,NY13210     		N/A PC Upstate Golisano Center for Special Needs Capital Campaign 10,000
    TRI-CITIES OPERA COMPANY INC
    315 CLINTON ST
    BINGHAMTON,NY13905     		N/A PC Opera-Go-Round project 10,000
    TRINITY ALLIANCE OF THE CAPITAL REGION INC
    15 TRINITY PL
    ALBANY,NY12202     		N/A PC Family & Neighborhood Resource Center (FNRC) of the Health and Wellness Division 6,000
    TRUSTEES OF UNION COLLEGE
    807 UNION ST
    SCHENECTADY,NY12308     		N/A PC The Union College Maker Web Initiative 9,000
    UNITED CEREBRAL PALSY ASSOCIATION OF CAYUGA COUNTY
    182 N ST
    AUBURN,NY13021     		N/A PC Computer Hardware Replacement for Implementation of Telemedicine 10,000
    UNITED METHODIST CHURCH AND ITS ADFFILIATED ORGANI
    1050 E AVE
    ROCHESTER,NY14607     		N/A PC Asbury Community Outreach Center 3,000
    UNITED PRESBYTERIAN CHURCH OF CORTLAND
    25 CHURCH ST
    CORTLAND,NY13045     		N/A PC Security Project 20,000
    VALLEY HEALTH SERVICES INC
    690 W GERMAN ST
    HERKIMER,NY13350     		N/A PC Pre-construction Costs of New Nursing Home 10,000
    VIA VISUALLY IMPAIRED ADVANCEMENT
    1170 MAIN ST
    BUFFALO,NY14209     		N/A PC Career Training and Job Placement Assistance fund for Blind, Visually Impaired, Physically Disabled, and Economically Disadvantaged 10,000
    VICTORIA ACRES EQUINE FACILITY INC
    3771 WESTERN TPKE
    ALTAMONT,NY12009     		N/A PC Horse Care Program and other Program expenses 8,000
    WALKER INC
    1968 CENTRAL AVE
    NEEDHAM,MA02492     		N/A PC to purchase Commercial Equipment for Health and Wellness 5,000
    WATERVLIET CIVIC CHEST INC
    14TH ST 1ST AVE
    WATERVLIET,NY12189     		N/A PC Food is Fuel Program 6,000
    WELLS COLLEGE
    170 MAIN ST
    AURORA,NY13026     		N/A PC Scholarship fund for Students from Central New York 25,000
    WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC
    436 GRANT ST
    BUFFALO,NY14213     		N/A PC West Side Bazaar program 2,000
    WORKING GROUP ON GIRLS OF SCHENECTADY
    PO BOX 9407
    SCHENECTADY,NY12309     		N/A PC Re-imagining Girls Circles in the Times of COVID-19 2,000
    YMCA OF GREATER ROCHESTER
    444 E MAIN ST
    ROCHESTER,NY14604     		N/A PC Bring Solar Energy to YMCA's Camp Cory 5,000
    YOUNG WOMENS CHRISTIAN ASSOCIATION OF BINGHAMTON A
    80 HAWLEY ST
    BINGHAMTON,NY13901     		N/A PC Young Wonders Early Childcare Center 3,000
    YWCA OF SCHENECTADY
    44 WASHINGTON AVE
    SCHENECTADY,NY12305     		N/A PC Domestic Violence Shelter Van Replacement 3,000
    Total .................................bullet 3a 1,560,000
    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 1,250  
    4 Dividends and interest from securities....     14 361,748  
    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 5,266,137  
    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)..   5,629,135  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,629,135
    (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

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

    TY 2020 DepreciationSchedule
    Name:
    JM McDonald Foundation Inc
    EIN:
    47-1431059
    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 InvestmentsCorpBondsSchedule
    Name:
    JM McDonald Foundation Inc
    EIN:
    47-1431059
    Name of Bond End of Year Book Value End of Year Fair Market Value
    APACHE FINANCE CANADA CORP - 7 128,143 113,182
    AT&T INC - 7.300% - 08/15/2026 245,936 250,528
    BARCLAYS BANK - 4.250% - 02/09 200,000 200,508
    CITIGROUP FDG INC MED SER - 1. 297,749 290,581
    CITIGROUP FDG INC MED TRM SR - 97,500 101,249
    CITIGROUP GLOBAL MKTS - 0.000% 131,040 134,538
    CITIGROUP INC - 0.000% - 12/11 100,000 101,833
    GOLDMAN SACHS - 1.525% - 05/15 64,170 64,855
    GOLDMAN SACHS GROUP BOND - 1.6 82,875 97,237
    HSBC BK - 1.210% - 03/07/2028 97,331 103,895
    IKON OFFICE SOLUTIONS INC BOND 50,750 48,563
    JP MORGAN CHASE BANK NA - 3.00 100,000 100,585
    JPMORGAN CHASE & CO NT - 3.204 142,800 140,662
    MORGAN STANLEY - 1.461% - 08/2 99,000 104,225
    MORGAN STANLEY - 3.463% - 07/1 76,554 77,083
    MORGAN STANLEY - 8.000% - 05/1 67,194 66,834
    NOMURA AMER FIN LLC MTN - 2.84 98,000 102,996

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    JM McDonald Foundation Inc
    EIN:
    47-1431059
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACTIVISION BLIZZARD INC 53,459 110,956
    ADVANCED MICRO DEVICES INC 637,615 1,834,199
    ALCON INC 174,514 197,874
    ALIBABA GROUP HOLDING LTD 88,405 97,747
    ALPHABET INC CL A 585,567 1,428,402
    AMAZON COM 499,263 1,634,979
    AMERICAN EXPRESS CO 82,458 102,774
    AMERICAN TOWER REIT INC 54,117 84,173
    B RILEY FINANCIAL INC - 0.000% 112,569 127,500
    BERKLEY W R CP 93,313 100,958
    BERKSHIRE HATHAWAY INC. CLASS 147,942 164,628
    BIOMARIN PHARMACEUTICAL INC 92,768 105,666
    BLOOM ENERGY CORP 309,712 1,003,100
    BP PLC SPONSORED ADR 28,007 28,318
    CABOT OIL & GAS CORP 141,858 139,438
    CAMECO CORPORATION 75,739 90,785
    CBOE HOLDINGS INC 42,744 37,248
    CDW CORP 58,355 65,236
    CHARTER COMMUNICATIONS, INC 103,599 135,618
    CME GROUP, INC 38,798 38,231
    COMPASS GROUP PLC ADR 57,179 68,926
    CONCHO RESOURCES INC 112,732 103,280
    CONOCOPHILLIPS 47,151 62,184
    COPART INC 39,658 70,624
    DOLLAR TREE INC 64,082 76,708
    ELECTRONIC ARTS 41,230 72,518
    ENPHASE ENERGY ORD SHS 532,739 1,754,699
    EOG RESOURCES INC 50,544 74,805
    EQT CORPORATION 65,115 55,670
    EQUINIX, INC 51,373 89,273
    EXPEDIA INC 142,033 238,982
    EXXON MOBIL CORP 85,923 87,386
    F M C CP 45,246 68,383
    FACEBOOK INC 151,759 204,870
    GRAPHIC PACKAGING CORP COM STK 132,669 157,457
    HANNON ARMSTRONG SUST INFRAST 657,095 1,014,880
    HEINEKEN N V S ADR 63,089 78,176
    HILTON WORLDWIDE HOLDINGS, INC 24,640 35,047
    IDEXX CORP 67,027 74,981
    INCYTE CORPORATION 33,104 43,055
    INSPERITY INC 55,827 71,243
    INTERCONTINENTAL EXCHANGE, INC 121,663 160,253
    JOHNSON & JOHNSON 149,161 199,873
    MANNING & NAPIER CORE BOND SER 1,167,226 1,164,286
    MANNING & NAPIER DISCIPLINED V 249,385 259,407
    MANNING & NAPIER OVERSEAS SERI 499,972 664,346
    MANNING & NAPIER REAL ESTATE S 376,472 372,728
    MANNING & NAPIER UNCONSTRAINED 1,638,111 1,728,649
    MARRIOTT INTERNATIONAL INC. CL 839,077 930,696
    MARTIN MARIETTA MATLS INC 25,630 35,496
    MARVELL TECHNOLOGY GROUP LTD 694,739 1,331,120
    MASTERCARD INC 105,745 215,949
    MEDTRONIC PLC 47,966 74,384
    MICRON TECHNOLOGY 102,893 157,878
    MICROSOFT CORP 602,080 1,310,054
    MONDELEZ INTERNATIONAL INC 107,400 146,760
    MOODYS CORP 30,681 56,597
    NORFOLK SOUTHERN CORP 66,014 68,907
    NOVARTIS AG ADR 151,217 207,274
    NOVOCURE LTD 276,613 3,287,759
    NVIDIA CORP 611,707 1,566,600
    PAYPAL HOLDINGS, INC 439,746 1,085,517
    PEPSICO INC 54,402 69,701
    PIONEER NAT RES CO 103,505 122,432
    RENEWABLE ENERGY GROUP INC 495,797 566,560
    ROYAL DUTCH SHEL PLC SPONS ADR 26,946 16,973
    RYANAIR HOLDINGS PLC-ADR COM 27,923 65,438
    S&P GLOBAL INC COM 23,057 42,735
    SBA COMMUNICATIONS CORP 45,034 81,818
    SCHLUMBERGER LTD 97,860 41,804
    SEA LTD 71,408 72,255
    SERVICE NOW 36,179 68,804
    SOLAREDGE TECHNOLOGIES INC 478,790 797,800
    SONY CORP ADR 68,579 73,803
    SQUARE INC 448,480 1,741,120
    SUNNOVA ENERGY INTERNATIONAL O 583,563 902,600
    SUNRUN INC 485,321 1,873,259
    THE COCA-COLA CO 105,039 121,471
    THERMO FISHER SCIENTIFIC INC 37,689 65,209
    TOTAL FINA ELF S.A 21,443 26,822
    UNILEVER PLC AMER 138,905 215,183
    VEEVA SYSTEMS INC 620,957 1,089,000
    VERTEX PHARMCTLS INC 83,226 92,173
    VISA INC 118,165 217,636
    VULCAN MATERIALS CO 51,858 65,998
    ZILLOW GROUP, INC (CL A) 362,092 1,647,593
    ZOETIS INC 534,788 1,026,100

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    JM McDonald Foundation Inc
    EIN:
    47-1431059
    US Government Securities - End of Year Book Value:

    1,309,406
    US Government Securities - End of Year Fair Market Value:

    1,413,804
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2020 OtherExpensesSchedule
    Name:
    JM McDonald Foundation Inc
    EIN:
    47-1431059
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 47,818     47,818
    Bank Charges 247 247    
    Postage/Delivery Service 196     196
    Registered Agent Fee 329     329
    State or Local Filing Fees 10     10


    TY 2020 OtherIncreasesSchedule
    Name:
    JM McDonald Foundation Inc
    EIN:
    47-1431059
    Description Amount
    RETURNED GRANT 2,000


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    JM McDonald Foundation Inc
    EIN:
    47-1431059
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 168,616 168,616    


    TY 2020 TaxesSchedule
    Name:
    JM McDonald Foundation Inc
    EIN:
    47-1431059
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2020 51,600      
    Foreign Tax Paid 2,329 2,329