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 Betty Millard 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

45-4165383
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$3,208,113J 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 699 699  
4 Dividends and interest from securities... 29,190 29,190  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 410,390
b Gross sales price for all assets on line 6a 1,599,674
7 Capital gain net income (from Part IV, line 2)... 410,390
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........ 440,279 440,279  
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 30,979 30,979    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,954      
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 16,950     16,950
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 50,883 30,979   16,950
25 Contributions, gifts, grants paid....... 200,750 200,750
26 Total expenses and disbursements. Add lines 24 and 25 251,633 30,979   217,700
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 188,646
b Net investment income (if negative, enter -0-) 409,300
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......... 173,848 444,070 444,070
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) 347,428 Click to see attachment699,509 699,998
b Investments—corporate stock (attach schedule)....... 1,562,902 Click to see attachment1,129,245 2,064,045
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) 2,084,178 2,272,824 3,208,113
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 2,084,178 2,272,824
29 Total net assets or fund balances (see instructions)..... 2,084,178 2,272,824
30 Total liabilities and net assets/fund balances (see instructions). 2,084,178 2,272,824
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
2,084,178
2
Enter amount from Part I, line 27a .....................
2
188,646
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
2,272,824
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
2,272,824
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 1,599,674   1,189,284 410,390
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       410,390
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 2 410,390
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 5,689
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 5,689
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 5,689
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,100
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,720
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,820
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 10 131
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet131 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
    Olivia Millard Co- Pres, Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Lisa Springer Dir, Sec, Co- Pres
    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
    2,532,913
    b
    Average of monthly cash balances.......................
    1b
    453,677
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,986,590
    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
    2,986,590
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    44,799
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,941,791
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    147,090
    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
    147,090
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    5,689
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,689
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    141,401
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    141,401
    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
    141,401
    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
    217,700
    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
    217,700
    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
    217,700
    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 7 141,401
    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......  
    b From 2016......  
    c From 2017......  
    d From 2018...... 25,855
    e From 2019...... 61,175
    fTotal of lines 3a through e........ 87,030
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 217,700
    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..... 141,401
    e Remaining amount distributed out of corpus 76,299
    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 5 163,329
    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 ......     		163,329
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 25,855
    d Excess from 2019.... 61,175
    e Excess from 2020.... 76,299
    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
    350ORG
    PO BOX 843004
    BOSTON,MA02284     		N/A PC General & Unrestricted 1,000
    AMERICAN FRIENDS OF BIRDLIFE INTERNATIONAL INC
    708 3RD AVE 6TH FL STE 34
    NEW YORK,NY10017     		N/A PC Capacity Building programs 1,000
    BVM CAPACITY BUILDING INSTITUTE INC
    3645 MARKETPLACE BLVD STE 130-209
    EAST POINT,GA30344     		N/A PC General & Unrestricted 5,000
    CENTER FOR COMMON GROUND
    18459 PATRIOT LN
    RUTHER GLEN,VA22546     		N/A PC Reclaim Our Vote Billboard Fundraiser 5,000
    CENTER FOR FARMWORKER FAMILIES
    PO BOX 957
    FELTON,CA95018     		N/A PC General & Unrestricted 1,000
    CENTER FOR REPRODUCTIVE RIGHTS INC
    199 WATER ST 22ND FLOOR
    NEW YORK,NY10038     		N/A PC General & Unrestricted 10,000
    CITY HARVEST INC
    6 EAST 32ND ST 5TH FLOOR
    NEW YORK,NY10016     		N/A PC General & Unrestricted 840
    COMMUNITY ACTION BOARD OF SANTA CRUZ COUNTY INC
    406 MAIN ST
    WATSONVILLE,CA95076     		N/A PC General & Unrestricted 2,000
    COMMUNITY BRIDGES
    519 MAIN ST
    WATSONVILLE,CA95076     		N/A PC General & Unrestricted 1,000
    CONGREGATION BEIT SIMCHAT TORAH
    130 W 30TH ST GROUND FL
    NEW YORK,NY10001     		N/A PC General & Unrestricted 10,000
    COOL EFFECT INC
    100 DRAKES LANDING RD STE 260
    GREENBRAE,CA94904     		N/A PC To offset the carbon of The Betty Millard Foundation 500
    COOPER UNION FOR THE ADVANCEMENT OF SCIENCE AND AR
    30 COOPER SQ 8TH FLOOR
    NEW YORK,NY10003     		N/A PC Summer STEM 3,000
    DUTCHESS LAND CONSERVANCY INC
    PO BOX 138
    MILLBROOK,NY12545     		N/A PC General & Unrestricted 250
    EL PAJARO COMMUNITY DEVELOPMENT CORPORATION
    23 E BEACH ST STE 209
    WATSONVILLE,CA95076     		N/A PC General & Unrestricted 1,000
    HIGH COUNTRY NEWS
    PO BOX 1090
    PAONIA,CO81428     		N/A PC General & Unrestricted 250
    JEWISH RECONSTRUCTIONIST CAMPING CORPORATION
    1299 CHURCH RD
    WYNCOTE,PA19095     		N/A PC General & Unrestricted 10,000
    MONTEREY BAY AQUARIUM FOUNDATION
    886 CANNERY ROW
    MONTEREY,CA93940     		N/A PC General & Unrestricted 10,000
    MUN IMPACT
    326 ROGERS AVE
    WATSONVILLE,CA95076     		N/A PC General & Unrestricted 2,000
    NAACP LEGAL DEFENSE AND EDUCATIONAL FUND INC
    40 RECTOR ST 5TH FL
    NEW YORK,NY10006     		N/A PC to support your vital work on voting rights 5,000
    NARAL PRO-CHOICE AMERICA FOUNDATION
    1725 EYE ST NW SUITE 900
    WASHINGTON,DC20006     		N/A PC General & Unrestricted 5,000
    NATURAL RESOURCES DEFENSE COUNCIL INC
    40 WEST 20TH ST 11TH FLOOR
    NEW YORK,NY10011     		N/A PC General & Unrestricted 20,000
    NATURE CONSERVANCY
    4245 N FAIRFAX DRIVE STE 100
    ARLINGTON,VA22203     		N/A PC Conservation Coaches Network 20,000
    NEW GEORGIA PROJECT INCORPORATED
    830 GLENWOOD AVE SE STE 510-221
    ATLANTA,GA30316     		N/A PC General & Unrestricted 13,138
    NEW YORK UNIVERSITY Leonard N Stern School of Bu
    726 BROADWAY - 2ND FL
    NEW YORK,NY10003     		N/A PC EdD in Leadership and Innovation Scholarship fund 5,522
    NYC LAB SCHOOL PARENTS ASSOCIATION INC
    333 W 17TH ST
    NEW YORK,NY10011     		N/A PC General & Unrestricted 5,000
    PAJARO VALLEY ARTS COUNCIL
    37 SUDDEN ST
    WATSONVILLE,CA95076     		N/A PC General & Unrestricted 1,000
    PLANNED PARENTHOOD FEDERATION OF AMERICA INC
    123 WILLIAMS ST 10TH FL
    NEW YORK,NY10038     		N/A PC General & Unrestricted 5,000
    SOCIAL GOOD FUND
    PO BOX 5473
    RICHMOND,CA94805     		N/A PC Regeneracin - Pjaro Valley Climate Action Project 250
    STOP IVORY INC
    155 E 44TH ST 6TH FL STE 34
    NEW YORK,NY10017     		N/A PC in support of the Elephant Protection Initiative 30,000
    SUSTAINABLE HARVEST INTERNATIONAL
    177 HUNTINGTON AVE STE 1703 23701
    BOSTON,MA02115     		N/A PC General & Unrestricted 1,000
    TRUSTEES OF COLUMBIA UNIVERSITY Department of Ped
    516 W 168TH ST FL 3
    NEW YORK,NY10032     		N/A PC Columbia Center for GMH/Dept. of Psychiatry 10,000
    WATSONVILLE FILM FESTIVAL
    PO BOX 172
    WATSONVILLE,CA95077     		N/A PC General & Unrestricted 1,000
    WILLIAM J BRENNAN JR CENTER FOR JUSTICE INC
    120 BROADWAY STE 1750
    NEW YORK,NY10271     		N/A PC for your vital work on voting rights 15,000
    Total .................................bullet 3a 200,750
    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 ...........     		    14 699  
    4 Dividends and interest from securities....     14 29,190  
    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 ............     		    18 410,390  
    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)..   440,279  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    440,279
    (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:
    The Betty Millard Foundation
    EIN:
    45-4165383
    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 Betty Millard Foundation
    EIN:
    45-4165383
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS 17,805 22,007
    ADOBE SYSTEMS, INC 8,271 24,006
    ALEXION PHARMACEUTICALS, INC 5,317 6,875
    ALPHABET INC CL A 9,924 22,784
    ALPHABET INC CL C 13,477 38,541
    ALPS CLEAN ENERGY ETF 50,061 156,292
    AMAZON COM 25,312 87,936
    AMERICAN ELECTRIC POWER INC 15,018 13,823
    AMERICAN TOWER REIT INC 7,178 11,447
    AMERICAN WATER WORKS COMPANY I 11,329 13,659
    AMERIPRISE FINANCIAL INC 3,878 7,773
    AMETEK INC 1,662 4,717
    AMPHENOL CORPORATION 3,743 8,500
    ANALOG DEVICES INC 10,129 18,171
    ANSYS INC 2,245 10,186
    APPLE INC 8,174 48,697
    APTIV PLC 3,673 6,254
    ASHLAND GLOBAL HOLDINGS 2,157 2,455
    ASTRAZENECA 17,505 15,797
    AUTODESK, INC 5,780 14,656
    AUTOMATIC DATA PROCESSING INC 6,098 13,391
    AUTOZONE INC 3,525 10,669
    AVATAR HOLDINGS INC. 4,306 6,193
    BERRY PLASTICS GROUP INC 1,420 4,664
    BLACKROCK INC 11,528 20,203
    BROWN FORMAN CORP CL B 1,037 3,018
    CADENCE DESIGN SYSTEMS INC 6,380 9,959
    CARTER'S INC 3,785 3,669
    CATALENT INC 4,888 5,204
    CDW CORP 4,278 4,744
    CHARLES RIV LABORATORIES INTL 4,160 5,997
    CHARLES SCHWAB CORP 22,099 27,528
    CHEVRON CORP 12,821 8,867
    CHURCH & DWIGHT 1,867 5,321
    CIGNA CORPORATION 9,984 13,740
    CINTAS CRP 3,115 4,242
    CISCO SYSTEMS INC 18,176 24,702
    CITRIX SYSTEMS INC 1,034 2,862
    COMCAST CORP 7,015 13,676
    COOPER COMPANIES INC 2,857 4,360
    COSTAR GROUP, INC 2,087 5,546
    CROWN HOLDINGS INC 3,185 7,214
    DANAHER CORP 8,630 24,658
    DOLLAR GENERAL CORP 8,654 17,034
    DOLLAR TREE INC 3,088 7,455
    DOMINOS PIZZA INC 3,382 4,985
    DYNATRACE 3,866 4,414
    ECOLAB INC 15,138 18,823
    EDWARDS LIFESCIENCES 3,140 8,941
    ENCOMPASS HEALTH CORPORATION 3,048 8,021
    ENPHASE ENERGY ORD SHS 1,939 3,158
    ENTEGRIS INC MINNESOTA 3,108 4,805
    EPAM SYSTEMS INC 1,663 16,842
    EVERBRIDGE INC 5,473 5,516
    EXACT SCIENCES CORPORATION 3,143 8,347
    F M C CP 2,738 6,206
    FIDELITY NATIONAL INFORMATION 16,120 24,897
    FISERV INC 10,382 22,430
    FIVE BELOW INC 2,061 3,675
    FLEETCOR TECHNOLGIES INC 3,206 5,457
    GENPACT LIMITED 6,391 8,065
    GLOBAL PAYMENTS INC 7,394 15,295
    GOODRX HOLDINGS CL A 2,595 2,662
    HCA INC 2,379 5,592
    HOME DEPOT INC 8,821 22,578
    HONEYWELL INTL 19,783 30,629
    HUBBELL INCORPORATED 2,546 3,763
    HUMANA INC 1,059 6,154
    IAA INC 3,132 5,263
    IDEX CP 3,470 5,179
    IHS MARKIT LTD 3,197 6,917
    INTERCONTINENTAL EXCHANGE, INC 17,165 26,978
    JAZZ PHARMACEUTICALS INC 3,777 3,961
    JOHNSON & JOHNSON 22,462 28,801
    JP MORGAN CHASE 10,283 26,431
    KANSAS CITY SOUTHERN 2,223 4,899
    KEYSIGHT TECHNOLOGIES INC 5,552 8,190
    KLA TENCOR CORP 2,252 3,625
    L3HARRIS TECHNOLOGIES 4,168 3,780
    LAM RESEARCH CORP 4,556 10,862
    LIBERTY BROADBAND CORPORATION 2,335 3,009
    LINDE PLC COM 13,569 21,608
    LIVENT CORPORATION 1,825 2,732
    MARRIOTT INTERNATIONAL INC. CL 4,674 5,277
    MARVEL TECH INC 3,688 6,608
    MASCO CORP 3,156 4,504
    MATTHEWS PACIFIC TIGER FUND I 84,260 116,445
    MEDTRONIC PLC 13,082 18,860
    MICROCHIP TECHNOLOGY INC 2,842 10,911
    MICROSOFT CORP 12,107 76,735
    MONDELEZ INTERNATIONAL INC 18,629 20,815
    MONSTER BEVERAGE CORP 1,075 6,196
    MSCI INC 1,509 8,038
    NEXTERA ENERGY, INC 11,982 19,133
    O'REILLY AUTOMOTIVE INC 3,125 5,431
    OTIS WORLDWIDE CORP 9,407 11,956
    PENTAIR INC. COM 1,600 2,177
    PEPSICO INC 13,123 19,576
    PIONEER NAT RES CO 11,735 9,111
    PNC FINANCIAL GROUP INC 12,780 15,049
    PRA HEALTH SCIENCES INC 3,789 5,770
    PTC INC 3,897 9,808
    QUALCOMM INC 10,752 26,812
    RAYTHEON TECHNOLOGIES CORP 19,360 19,165
    RESMED INC 6,382 7,865
    REXNORD CORP 2,917 4,383
    ROPER INDUSTRIES 17,445 25,434
    ROSS STORES, INC 1,288 5,649
    S&P GLOBAL INC COM 12,736 12,492
    SALESFORCE.COM 9,537 15,577
    SBA COMMUNICATIONS CORP 2,572 9,875
    SKYWORKS SOLUTIONS, INC 713 5,045
    SMARTSHEET INC 5,574 7,345
    SPLUNK INC 4,122 3,568
    SPROUTS FARMERS MARKET INC 2,955 2,754
    STRYKER CORPORATION 7,879 17,888
    SYNOPSYS, INC 6,149 8,296
    T-MOBILE US INC 15,605 28,319
    TELADOC INC 3,151 4,999
    TELEFLEX INC 4,152 6,585
    TEXAS INSTRUMENTS INC 10,926 14,279
    THE BLACKSTONE GROUP INC CL A 16,922 22,359
    THERMO FISHER SCIENTIFIC INC 6,418 22,823
    TJX COMPANIES INC 14,305 21,170
    TRACTOR SUPPLY CO COM 2,944 6,186
    TRANSUNION COM USD0.01 2,908 6,747
    TWILIO INC 4,326 5,416
    UNION PACIFIC 11,290 20,197
    UNITEDHEALTH GROUP INC 13,143 36,120
    US BANCORP 18,143 17,891
    USD CYRUSONE INC 2,563 2,487
    V F CORP 6,747 12,128
    VISA INC 16,059 39,371
    WALT DISNEY HOLDINGS CO 12,115 15,038
    WASTE MANAGEMENT INC 16,933 18,869
    XILINX INC 3,059 5,671
    ZOETIS INC 12,699 19,860

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    The Betty Millard Foundation
    EIN:
    45-4165383
    US Government Securities - End of Year Book Value:

    699,509
    US Government Securities - End of Year Fair Market Value:

    699,998
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2020 OtherExpensesSchedule
    Name:
    The Betty Millard Foundation
    EIN:
    45-4165383
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 16,925     16,925
    State or Local Filing Fees 25     25


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Betty Millard Foundation
    EIN:
    45-4165383
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 30,979 30,979    


    TY 2020 TaxesSchedule
    Name:
    The Betty Millard Foundation
    EIN:
    45-4165383
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2020 2,100      
    990-PF Excise Tax for 2019 854