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
ADDISON GIBSON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)116 ALLEGHENY CENTER MALL P8YB3502L
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA15212
A Employer identification number

25-0965379
B Telephone number (see instructions)

(412) 454-1805
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$57,357,730J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 982,999 955,082  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 761,591
b Gross sales price for all assets on line 6a 9,312,318
7 Capital gain net income (from Part IV, line 2)... 761,591
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,867,114 1,828,008  
12 Total. Add lines 1 through 11........ 3,611,704 3,544,681  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 184,830 61,610   123,220
14 Other employee salaries and wages...... 1,274 0 0 1,274
15 Pension plans, employee benefits....... 1,172,324 0 0 1,172,324
16a Legal fees (attach schedule)......... Click to see attachment 48,949 0 0 48,949
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 453,269 16,466   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 4,206,498 2,694   237,796
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,067,144 80,770 0 1,583,563
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 6,067,144 80,770 0 1,583,563
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,455,440
b Net investment income (if negative, enter -0-) 3,463,911
c Adjusted net income (if negative, enter -0-)... 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......... 1,511,506 879,265 879,265
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   Click to see attachment990,842 1,004,340
b Investments—corporate stock (attach schedule)....... 11,124,466 Click to see attachment11,570,424 17,551,127
c Investments—corporate bonds (attach schedule)....... 3,575,121    
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet   61,300    
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 25,771,858 Click to see attachment23,390,172 29,750,024
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)   Click to see attachment2,846,094 Click to see attachment8,172,974
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 42,044,251 39,676,797 57,357,730
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
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........ 41,403,419 39,676,797
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 640,832  
29 Total net assets or fund balances (see instructions)..... 42,044,251 39,676,797
30 Total liabilities and net assets/fund balances (see instructions). 42,044,251 39,676,797
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
42,044,251
2
Enter amount from Part I, line 27a .....................
2
-2,455,440
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
100,000
4
Add lines 1, 2, and 3 ..........................
4
39,688,811
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
12,014
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
39,676,797
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 100000. CATERPILLAR FINL SERVICE SER MTN UNSC   2018-03-27 2020-01-10
b 370. DISCOVER FINANCIAL W/I   2019-09-06 2020-01-24
c 1189. HUNTINGTON BANCSHARES INC   2014-07-24 2020-01-24
d 500. HUNTINGTON BANCSHARES INC   2019-08-29 2020-01-24
e 70. PEPSICO INC COM   2019-08-29 2020-01-24
7. ZIONS BANCORP   2018-11-19 2020-01-24
26. ZIONS BANCORP   2018-11-19 2020-01-24
422. ZIONS BANCORP   2018-11-19 2020-01-24
90. ZIONS BANCORP   2019-08-29 2020-01-24
1209. HUNTINGTON BANCSHARES INC   2014-07-24 2020-01-27
8. HUNTINGTON BANCSHARES INC   2014-07-24 2020-01-27
260. AMERICAN WATER WORKS CO INC   2016-03-09 2020-02-21
393. AMGEN INC   2014-07-09 2020-02-21
20811.655 BLACKROCK LOW DURATION BOND PORTFOLIO CL INSTL   2017-03-16 2020-02-21
1276. CELANESE CORP   2018-09-18 2020-02-21
95. CHEVRON CORPORATION   2018-09-18 2020-02-21
900. CHEVRON CORPORATION   2018-09-18 2020-02-21
2474. CISCO SYS INC COM   2011-12-15 2020-02-21
1198. DANAHER CORP   2018-09-18 2020-02-21
2042. DISCOVER FINANCIAL W/I   2019-10-24 2020-02-21
6000. ISHARES TRUST ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND   2012-07-24 2020-02-21
339. LAUDER ESTEE COS INC CL A   2019-03-25 2020-02-21
199. MCDONALDS CORP COM   2017-08-17 2020-02-21
475. PROCTER & GAMBLE CO   2019-03-25 2020-02-21
2347. PROGRESSIVE CORP OHIO   2019-03-25 2020-02-21
66. S&P GLOBAL INC   2016-07-15 2020-02-21
1892. T-MOBILE US INC   2017-06-08 2020-02-21
288. UNITEDHEALTH GROUP INC COM   2016-11-18 2020-02-21
1208. WEC ENERGY GROUP INC   2010-05-07 2020-02-21
1000000. USA TREASURY NOTES 02.250% DUE 02/29/202   2018-03-27 2020-02-29
40. NEXTERA ENERGY INC   2019-08-29 2020-03-02
310. ROYAL DUTCH SHELL PLC ADR A   2017-11-02 2020-03-02
185. CULLEN FROST BANKERS INC   2017-05-24 2020-03-10
30. CULLEN FROST BANKERS INC   2019-08-29 2020-03-10
.668 INGERSOLL RAND INC   2019-06-28 2020-03-11
.308 INGERSOLL RAND INC   2019-01-09 2020-03-11
60. AMERICAN WATER WORKS CO INC   2019-08-29 2020-03-13
97.064 INGERSOLL RAND INC   2019-04-17 2020-03-13
162.936 INGERSOLL RAND INC   2019-01-09 2020-03-13
355. ROYAL DUTCH SHELL PLC ADR A   2017-11-02 2020-03-13
140. ROYAL DUTCH SHELL PLC ADR A   2019-08-29 2020-03-13
34. SUNCOR ENERGY INC ISIN CA8672241079 SEDOL B3NB1P2   2018-03-13 2020-03-13
110. SUNCOR ENERGY INC ISIN CA8672241079 SEDOL B3NB1P2   2019-08-29 2020-03-13
556. SUNCOR ENERGY INC ISIN CA8672241079 SEDOL B3NB1P2   2018-03-13 2020-03-13
20. XCEL ENERGY INC COM   2015-03-13 2020-03-13
80. XCEL ENERGY INC COM   2019-08-29 2020-03-13
185. TRANE TECHNOLOGIES PLC SEDOL BK9ZQ96   2019-01-09 2020-03-13
110. TRANE TECHNOLOGIES PLC SEDOL BK9ZQ96   2019-04-17 2020-03-13
275. DARDEN RESTAURANTS INC W I   2019-07-08 2020-03-18
60. PEPSICO INC COM   2017-06-27 2020-03-18
1000000. USA TREASURY NOTES 02.250% DUE 03/31/2020   2018-05-08 2020-03-31
275. PAYCHEX INC COM   2015-12-02 2020-04-07
50. PAYCHEX INC COM   2019-08-29 2020-04-07
167. TEXAS INSTRS INC COM   2015-04-17 2020-04-07
50. TEXAS INSTRS INC COM   2019-08-29 2020-04-07
150000. FEDERAL HOME LOAN MTG CORP NTS   2018-05-08 2020-04-23
20. LOCKHEED MARTIN CORP   2019-08-29 2020-05-04
70. PROCTER & GAMBLE CO   2019-08-29 2020-05-04
190. US BANCORP DEL COM NEW   2019-12-03 2020-05-04
100000. APPLE INC UNSC   2018-03-27 2020-05-06
480. CITIGROUP INC   2019-12-03 2020-05-21
175. HERSHEY FOODS CORP COM   2019-07-08 2020-05-21
95. WASTE MANAGEMENT INC   2018-08-13 2020-05-21
60. WASTE MANAGEMENT INC   2019-08-29 2020-05-21
185. WASTE MANAGEMENT INC   2018-08-13 2020-05-22
50. AMERICAN ELECTRIC POWER INC   2019-08-29 2020-06-16
265. AMERICAN ELECTRIC POWER INC   2015-12-17 2020-06-16
605. CITIZENS FINANCIAL GROUP   2020-01-24 2020-06-16
355. CITIZENS FINANCIAL GROUP   2020-01-24 2020-06-16
40. J P MORGAN CHASE & CO COM   2019-06-11 2020-06-16
200. J P MORGAN CHASE & CO COM   2019-08-29 2020-06-16
380. US BANCORP DEL COM NEW   2019-08-29 2020-06-16
160. US BANCORP DEL COM NEW   2014-07-10 2020-06-16
60. AIR PRODUCTS & CHEMICALS INC   2019-12-03 2020-06-30
40. EXTRA SPACE STORAGE INC   2014-11-18 2020-06-30
40. EXTRA SPACE STORAGE INC   2019-08-29 2020-06-30
40. MCDONALDS CORP COM   2019-08-29 2020-06-30
180. TRUIST FINANCIAL CORP   2018-02-07 2020-06-30
190. XCEL ENERGY INC COM   2015-03-13 2020-06-30
770. AUTOMATIC DATA PROCESSING INC   2018-09-18 2020-07-14
114. AUTOZONE INC   2018-10-18 2020-07-14
528.43 ISHARES S&P 500 INDEX FUND CLASS K   2016-08-05 2020-07-14
667. BURLINGTON STORES INC   2016-10-12 2020-07-14
2289. CBRE GROUP INC   2018-05-08 2020-07-14
184. CINTAS CORP   2020-02-21 2020-07-14
2210. CITIGROUP INC   2020-02-21 2020-07-14
2552. COMCAST CORPORATION CL A   2011-11-01 2020-07-14
967. DARDEN RESTAURANTS INC W I   2019-06-28 2020-07-14
355. DOLLAR GENERAL CORP   2018-12-14 2020-07-14
1510. INGERSOLL RAND INC   2019-06-28 2020-07-14
400. ISHARES TR S&P 500 INDEX FD   2017-08-17 2020-07-14
5000. ISHARES TR RUSSELL1000VAL   2013-03-01 2020-07-14
3120. ISHARES TR RUSSELL 2000 VALUE INDEX FD   2014-10-22 2020-07-14
635. LAUDER ESTEE COS INC CL A   2019-03-25 2020-07-14
1512. OMNICOM GROUP INC   2019-06-28 2020-07-14
1190. PHILLIPS 66   2019-10-24 2020-07-14
1210. QUEST DIAGNOSTICS INC   2019-06-28 2020-07-14
330. S&P GLOBAL INC   2016-07-15 2020-07-14
10000. SCHWAB US REIT ETF   2018-09-18 2020-07-14
881. SEMPRA   2019-06-28 2020-07-14
972. TEXAS INSTRS INC COM   2019-10-24 2020-07-14
1360. WASTE MANAGEMENT INC   2018-05-08 2020-07-14
1206. JAZZ PHARMACEUTICALS PLC SEDOL B4Q5ZN4   2020-02-21 2020-07-14
1712. TRANE TECHNOLOGIES PLC SEDOL BK9ZQ96   2019-06-28 2020-07-14
290. BANK OF AMERICA CORP   2019-12-03 2020-07-24
20. BANK OF AMERICA CORP   2019-07-08 2020-07-24
120. TRUIST FINANCIAL CORP   2018-02-07 2020-07-24
450. CONOCOPHILLIPS   2018-05-11 2020-09-03
460. OMNICOM GROUP INC   2017-06-27 2020-09-18
70. HONEYWELL INTL INC   2019-12-03 2020-10-29
660. PFIZER INC COM   2014-07-10 2020-10-29
60. PROCTER & GAMBLE CO   2019-06-21 2020-10-29
1. WELLS FARGO & CO XXX-XX-XXXX CLASS ACTION   2001-01-01 2020-11-19
325. REALTY INCOME CORP COM   2019-06-21 2020-11-25
322. XCEL ENERGY INC COM   2015-03-13 2020-11-25
.262 VIATRIS INC-W/I   2014-07-10 2020-11-27
99. VIATRIS INC-W/I   2014-07-10 2020-11-30
1060. INTEL CORP   2020-04-07 2020-12-22
250000. FEDERAL NATL MTG ASSN NTS   2018-03-27 2020-12-28
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(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 100,000   98,909 1,091
b 28,243   30,433 -2,190
c 16,311   12,017 4,294
d 6,859   6,605 254
e 9,987   9,483 504
326   341 -15
1,203   1,268 -65
19,635   20,506 -871
4,188   3,695 493
16,314   12,060 4,254
109   80 29
35,796   17,874 17,922
87,426   51,914 35,512
201,457   199,999 1,458
136,788   127,970 8,818
10,314   11,293 -979
97,708   106,983 -9,275
114,507   41,262 73,245
193,049   127,453 65,596
153,206   164,926 -11,720
356,106   328,355 27,751
71,194   54,091 17,103
42,980   31,546 11,434
60,603   48,504 12,099
190,816   170,893 19,923
19,355   7,633 11,722
186,408   124,265 62,143
86,191   47,133 39,058
124,397   39,351 85,046
1,000,000   996,169 3,831
10,272   8,793 1,479
13,726   19,788 -6,062
10,615   17,409 -6,794
1,721   2,489 -768
16   21 -5
7   7  
7,142   7,544 -402
2,054   2,888 -834
3,448   3,941 -493
10,237   22,660 -12,423
4,037   7,854 -3,817
517   1,109 -592
1,697   3,219 -1,522
8,577   18,142 -9,565
1,251   676 575
5,005   5,111 -106
18,322   13,513 4,809
10,894   9,884 1,010
9,194   34,074 -24,880
7,378   6,991 387
1,000,000   993,947 6,053
18,189   14,858 3,331
3,307   4,098 -791
18,137   9,607 8,530
5,430   6,196 -766
150,000   149,810 190
7,561   7,660 -99
8,104   8,460 -356
6,521   11,191 -4,670
100,000   98,878 1,122
21,693   35,833 -14,140
22,463   24,837 -2,374
9,415   9,697 -282
5,946   7,100 -1,154
18,237   16,644 1,593
4,114   4,496 -382
21,802   15,225 6,577
16,401   23,617 -7,216
9,655   13,660 -4,005
4,080   4,428 -348
20,398   22,996 -2,598
14,942   20,810 -5,868
6,291   7,750 -1,459
14,260   13,793 467
3,721   2,329 1,392
3,721   4,846 -1,125
7,323   8,795 -1,472
6,733   9,804 -3,071
11,879   6,423 5,456
111,170   113,824 -2,654
128,347   81,324 47,023
200,000   138,153 61,847
114,101   52,258 61,843
98,405   105,637 -7,232
49,415   54,046 -4,631
111,173   169,807 -58,634
104,157   73,430 30,727
69,953   117,316 -47,363
67,047   37,516 29,531
44,523   48,470 -3,947
127,237   98,371 28,866
570,913   407,638 163,275
294,671   328,431 -33,760
123,264   101,321 21,943
82,305   123,434 -41,129
73,085   130,617 -57,532
145,962   122,291 23,671
115,346   38,164 77,182
347,407   436,248 -88,841
107,268   119,738 -12,470
127,300   116,512 10,788
143,217   112,762 30,455
127,795   161,908 -34,113
163,593   165,964 -2,371
7,061   9,484 -2,423
487   584 -97
4,528   6,478 -1,950
16,296   30,001 -13,705
23,992   36,608 -12,616
11,352   12,098 -746
23,265   22,650 615
8,265   7,164 1,101
317   25 292
20,333   23,448 -3,115
21,868   10,885 10,983
4   3 1
1,676   1,235 441
48,801   62,696 -13,895
250,000   246,569 3,431
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
      198,824
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       1,091
b       -2,190
c       4,294
d       254
e       504
      -15
      -65
      -871
      493
      4,254
      29
      17,922
      35,512
      1,458
      8,818
      -979
      -9,275
      73,245
      65,596
      -11,720
      27,751
      17,103
      11,434
      12,099
      19,923
      11,722
      62,143
      39,058
      85,046
      3,831
      1,479
      -6,062
      -6,794
      -768
      -5
       
      -402
      -834
      -493
      -12,423
      -3,817
      -592
      -1,522
      -9,565
      575
      -106
      4,809
      1,010
      -24,880
      387
      6,053
      3,331
      -791
      8,530
      -766
      190
      -99
      -356
      -4,670
      1,122
      -14,140
      -2,374
      -282
      -1,154
      1,593
      -382
      6,577
      -7,216
      -4,005
      -348
      -2,598
      -5,868
      -1,459
      467
      1,392
      -1,125
      -1,472
      -3,071
      5,456
      -2,654
      47,023
      61,847
      61,843
      -7,232
      -4,631
      -58,634
      30,727
      -47,363
      29,531
      -3,947
      28,866
      163,275
      -33,760
      21,943
      -41,129
      -57,532
      23,671
      77,182
      -88,841
      -12,470
      10,788
      30,455
      -34,113
      -2,371
      -2,423
      -97
      -1,950
      -13,705
      -12,616
      -746
      615
      1,101
      292
      -3,115
      10,983
      1
      441
      -13,895
      3,431
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 761,591
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 48,148
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 48,148
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 48,148
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 35,829
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 36,393
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 72,222
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 24,074
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet24,074 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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)
    bulletPA
    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 addressbulletSEE FOOTNOTE
    14
    The books are in care ofbulletPNC BANK NA Telephone no.bullet (412) 454-1805

    Located atbullet116 ALLEGHENY CENTER MALLPITTSBURGHPA ZIP+4bullet15212
    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
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    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
    DOUGLAS GILBERT ESQ CO-TRUSTEE
    6     		30,805    
    ONE PPG PL ST 2230
    PITTSBURGH,PA152225401
    PNC BANK NA CO-TRUSTEE
    25     		123,220    
    116 ALLEGHENY CENTER MALL
    PITTSBURGH,PA15212
    TIMOTHY M SLAVISH CO-TRUSTEE
    6     		30,805    
    ONE PPG PL ST 2230
    PITTSBURGH,PA152225401
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 LOW INTEREST STUDENT LOANS 3,966,008
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet3,966,008
    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
    61,523,984
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    61,523,984
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    61,523,984
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    922,860
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    60,601,124
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,030,056
    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
    3,030,056
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    48,148
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    48,148
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,981,908
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    100,000
    5
    Add lines 3 and 4............................
    5
    3,081,908
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    3,081,908
    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
    1,583,563
    b
    Program-related investments—total from Part IX-B..................
    1b
    3,966,008
    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
    5,549,571
    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
    5,549,571
    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 3,081,908
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 546,231
    e From 2019...... 1,283,627
    fTotal of lines 3a through e........ 1,829,858
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 5,549,571
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 3,081,908
    e Remaining amount distributed out of corpus 2,467,663
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 4,297,521
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		4,297,521
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 546,231
    d Excess from 2019.... 1,283,627
    e Excess from 2020.... 2,467,663
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    ADDISON H GIBSON FDN ATTN REBECCA
    ONE PPG PL STE 2230
    PITTSBURGH,PA152225401
    (412) 261-1611
    bThe form in which applications should be submitted and information and materials they should include:
    CONTACT FOUNDATION OFFICE FOR DETAILS OF MEDICAL OR EDUCATIONAL FINANCIAL ASSISTANCE.
    cAny submission deadlines:
    CONTACT FOUNDATION OFFICE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    EDUCATIONAL AWARDS ARE LIMITED TO WESTERN PENNSYLVANIA RESIDENTS CURRENTLY ENROLLED FULL-TIME AT AN ACCREDITED COLLEGE OR UNIVERSITY.
    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
    Total .................................bullet 3a  
    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 ...........     		         
    4 Dividends and interest from securities....     14 982,999  
    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 ............     		    18 761,591  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME     		    14 1,741,259  
    bFEDERAL TAX REFUND     14 39,106  
    cSTUDENT LOAN INTER         86,749
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   3,524,955 86,749
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,611,704
    (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.)
    11 STUDENT LOAN REPAYMENTS
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS    

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COMMON STOCK    
    2824100 ABBOTT LABORATORIES IN 19,867 46,533
    9158106 AIR PRODUCTS & CHEMICA 145,518 201,363
    20002101 ALLSTATE CORP 148,091 153,242
    23135106 AMAZON COM INC 425,483 752,351
    30420103 AMERICAN WATER WORKS 90,037 207,185
    31162100 AMGEN INC 126,981 234,518
    37833100 APPLE INC 75,620 886,369
    53332102 AUTOZONE INC 72,050 119,729
    60505104 BANK OF AMERICA CORP 326,845 358,234
    71813109 BAXTER INTERNATIONAL 121,108 140,500
    86516101 BEST BUY CO INC 24,065 20,956
    99502106 BOOZ ALLEN HAMILTON H 175,371 255,350
    110122108 BRISTOL MYERS SQUIBB 199,102 215,740
    125523100 CIGNA CORP 155,344 178,202
    126650100 CVS HEALTH CORPORATI 132,084 137,215
    166764100 CHEVRON CORPORATION 32,807 25,335
    171340102 CHURCH & DWIGHT INC 121,057 155,182
    172908105 CINTAS CORP 134,015 200,412
    174610105 CITIZENS FINANCIAL G 173,884 166,856
    189054109 CLOROX CO 178,166 159,921
    256677105 DOLLAR GENERAL CORP 71,121 141,532
    260003108 DOVER CORP 20,030 27,775
    291011104 EMERSON ELECTRIC CO 18,784 32,148
    297178105 ESSEX PPTY TR INC RE 23,560 23,742
    302491303 FMC CORPORATION NEW 223,322 248,019
    369550108 GENERAL DYNAMICS COR 43,185 37,949
    437076102 HOME DEPOT INC 67,355 288,995
    438516106 HONEYWELL INTL INC 33,524 66,150
    443510607 HUBBELL INC 25,030 26,654
    458140100 INTEL CORP 120,440 102,330
    460690100 INTERPUBLIC GROUP CO 23,528 24,226
    478160104 JOHNSON & JOHNSON 164,734 184,449
    485170302 KANSAS CITY SOUTHERN 137,355 185,146
    494368103 KIMBERLY-CLARK CORP 27,823 28,449
    502431109 L3 HARRIS TECHNOLOGI 172,982 163,502
    512807108 LAM RESEARCH CORP 220,869 319,255
    532457108 LILLY ELI & CO 172,300 270,482
    539830109 LOCKHEED MARTIN CORP 159,028 168,616
    571748102 MARSH & MCLENNAN COM 30,724 37,440
    580135101 MCDONALD'S CORP 121,985 173,381
    594918104 MICROSOFT CORP 517,175 1,231,762
    609207105 MONDELEZ INTERNATION 140,304 139,217
    617446448 MORGAN STANLEY 201,808 261,853
    620076307 MOTOROLA SOLUTIONS I 234,585 237,914
    631103108 NASDAQ INC 28,122 40,220
    666807102 NORTHROP GRUMMAN COR 79,941 156,626
    713448108 PEPSICO INC 26,150 40,338
    717081103 PFIZER INC 22,457 29,448
    718172109 PHILIP MORRIS INTERN 22,925 24,009
    742718109 PROCTER & GAMBLE CO 299,430 420,620
    747525103 QUALCOMM 29,577 30,925
    863667101 STRYKER CORP 118,099 137,467
    879360105 TELEDYNE TECHNOLOGIE 146,276 147,776
    902973304 US BANCORP DEL COM N 22,597 25,531
    911312106 UNITED PARCEL SERVIC 30,864 31,996
    03073E105 AMERISOURCEBERGEN CO 176,607 175,284
    87612E106 TARGET CORP 167,378 281,565
    28176E108 EDWARDS LIFESCIENCES 130,489 153,540
    34959E109 FORTINET INC 117,269 129,964
    89151E109 TOTAL S E 235,878 215,627
    00287Y109 ABBVIE INC 238,445 276,126
    00507V109 ACTIVISION BLIZZARD 159,704 188,207
    00971T101 AKAMAI TECHNOLOGIES 140,960 133,022
    02079K305 ALPHABET INC/CA-CL A 165,977 560,845
    03027X100 AMERICAN TOWER CORP 126,202 109,536
    03076C106 AMERIPRISE FINANCIAL 31,288 45,668
    09247X101 BLACKROCK INC 17,220 21,646
    11135F101 BROADCOM INC 222,772 324,885
    12514G108 CDW CORP/DE 224,199 234,982
    16119P108 CHARTER COMMUNICATIO 196,563 242,127
    17275R102 CISCO SYSTEMS INC 21,819 36,158
    20030N101 COMCAST CORPORATION 111,239 283,536
    20825C104 CONOCOPHILLIPS 144,557 86,178
    22160K105 COSTCO WHOLESALE COR 176,623 284,092
    22822V101 CROWN CASTLE INTL CO 139,796 157,439
    30040W108 EVERSOURCE ENERGY 117,433 118,605
    30225T102 EXTRA SPACE STORAGE 14,006 27,922
    30303M102 FACEBOOK INC 134,824 319,597
    46625H100 JPMORGAN CHASE & CO 188,991 557,837
    55261F104 M&T BK CORP 32,405 26,097
    58933Y105 MERCK & CO INC 155,212 165,727
    64110L106 NETFLIX INC 159,150 166,545
    65339F101 NEXTERA ENERGY INC 17,588 55,239
    70450Y103 PAYPAL HOLDINGS INC- 139,511 190,639
    74144T108 PRICE T ROWE GROUP I 19,086 35,577
    78409V104 S&P GLOBAL INC 97,607 277,448
    87807B107 TC ENERGY CORPORATIO 24,349 20,808
    89400J107 TRANSUNION 155,742 183,954
    89832Q109 TRUIST FINANCIAL COR 172,182 240,800
    91324P102 UNITEDHEALTH GROUP I 98,605 214,265
    92343V104 VERIZON COMMUNICATIO 82,031 86,656
    92826C839 VISA INC CLASS A SHA 55,982 305,785
    92939U106 WEC ENERGY GROUP INC 40,692 147,432
    G1151C101 ACCENTURE PLC CLASS 221,148 313,191
    G29183103 EATON CORP PLC SEDOL 23,411 35,441

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    US Government Securities - End of Year Book Value:

    990,842
    US Government Securities - End of Year Fair Market Value:

    1,004,340
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2020 InvestmentsOtherSchedule2
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS - FIXED      
    MUTUAL FUNDS - EQUITY      
    NOTES      
    57071854 BAIRD AGGREGATE BOND AT COST 2,450,000 2,585,405
    66922204 ISHARES S&P 500 INDEX AT COST 2,461,847 4,317,492
    256210105 DODGE & COX INCOME F AT COST 1,952,976 2,039,803
    316092857 FIDELITY REAL ESTATE AT COST 346,800 380,700
    412295107 HARDING LOEVNER INTE AT COST 823,287 1,418,192
    412295305 HARDING LOEVNER EMER AT COST 421,801 615,453
    464287473 ISHARES RUSSELL MID- AT COST 446,986 559,459
    464287481 ISHARES RUSSELL MID- AT COST 381,795 756,531
    464287499 ISHARES RUSSELL MID- AT COST 607,763 1,233,900
    464287648 ISHARES RUSSELL 2000 AT COST 119,528 229,360
    464287655 ISHARES RUSSELL 2000 AT COST 339,946 392,120
    464288273 ISHARES MSCI EAFE SM AT COST 349,709 410,100
    592905749 METROPOLITAN WEST UN AT COST 400,000 405,586
    741479109 T ROWE PRICE GROWTH AT COST 264,072 947,063
    779562107 T ROWE PRICE NEW HOR AT COST 290,942 573,452
    921937603 VANGUARD TOTAL BD MK AT COST 1,522,675 1,612,806
    921939203 VANGUARD INTERNATION AT COST 955,000 1,106,833
    922031737 VANGUARD INFLATION P AT COST 601,539 635,956
    922031810 VANGUARD INTM TERM I AT COST 1,205,591 1,267,902
    922042858 VANGUARD FTSE EMERGI AT COST 130,290 150,330
    922908553 VANGUARD REAL ESTATE AT COST 1,068,914 1,137,552
    957663503 WESTERN ASSET CORE P AT COST 1,300,000 1,414,678
    46090E103 INVESCO QQQ TRUST ET AT COST 826,860 1,003,968
    02508F745 AMER CENT SM CAP VAL AT COST 198,865 214,723
    09260B382 BLACKROCK STRATEGIC AT COST 300,000 313,609
    46432F842 ISHARES CORE MSCI EA AT COST 1,061,021 1,133,076
    46434G103 ISHARES CORE MSCI EM AT COST 96,965 142,692
    52106N459 LAZARD GLOBAL LISTED AT COST 1,650,000 1,570,843
    74256W584 PRINCIPAL MIDCAP FUN AT COST 615,000 960,894
    89609H704 TRIBUTARY SMALL COMP AT COST 200,000 219,546

    TY 2020 LegalFeesSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - PRINCIPAL (ALLOCA 48,949     48,949


    TY 2020 OtherAssetsSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    XXX-XX-XXXX 50% INT IN 640 ACRES   16,000 16,000
    XXX-XX-XXXX 50% INT. IN 640 ACRE   16,000 16,000
    XXX-XX-XXXX 50% INT. IN 640 ACRE   14,400 480,000
    XXX-XX-XXXX 50% INT. IN 640 ACRE   14,400 480,000
    XXX-XX-XXXX STUDENTS LOANS PARTI   2,784,794 2,784,794
    XXX-XX-XXXX 1/4 RI IN 640 A S268   100 754,368
    XXX-XX-XXXX 1/4 RI IN 640 A S280   100 208,301
    XXX-XX-XXXX 1/2 INT IN 1/8 OF 7/   100 100
    XXX-XX-XXXX 1/2 RI IN 640 A, SEC   100 657,056
    XXX-XX-XXXX 1/2 RI IN 640 A, SEC   100 2,776,355


    TY 2020 OtherDecreasesSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Description Amount
    2020 TRANSACTIONS POSTED IN 2021 10,764
    WASH SALE ADJUSTMENT 979
    RETURN OF CAPITAL ADJUSTMENT 147
    COST BASIS ADJUSTMENTS 39
    ROUNDING, AMORITIZATION 85


    TY 2020 OtherExpensesSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER NON-ALLOCABLE EXPENSE - 2,951 0   2,951
    OTHER CHARITABLE MISC EXPENSE 27,672 0   27,672
    REAL ESTATE TAXES PAID 2,520 2,520   0
    MEMBERSHIP RENEWAL FEES 765 0   765
    GRANTMAKING FEES 204,208 0   204,208
    LIABILITY INSURANCE FEES 2,200 0   2,200
    MISCELLANEOUS FEES OR EXPENSES 3,966,008 0   0
    ADR SERVICE FEES 174 174   0


    TY 2020 OtherIncomeSchedule2
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 1,741,259 1,741,259  
    FEDERAL TAX REFUND 39,106 0  
    STUDENT LOAN INTEREST RECEIVED 86,749 86,749  


    TY 2020 OtherIncreasesSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Description Amount
    RECOVERY OF PRIOR YEAR GRANTS 100,000


    TY 2020 TaxesSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 5,792 5,792   0
    OTHER TAXES (NOT SUBJECT TO $1 424,860 0   0
    FEDERAL ESTIMATES - PRINCIPAL 11,943 0   0
    FOREIGN TAXES ON QUALIFIED FOR 7,191 7,191   0
    FOREIGN TAXES ON NONQUALIFIED 3,483 3,483   0