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
DEERBROOK CHARITABLE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)CO BESSEMER TR 1271 AVE OF THE AM
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10020
A Employer identification number

20-6257418
B Telephone number (see instructions)

(516) 508-9623
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$56,785,294J 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) 1,171,692
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 636,227 632,912  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,242,727
b Gross sales price for all assets on line 6a 61,223,830
7 Capital gain net income (from Part IV, line 2)... 2,265,578
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........ 4,050,646 2,898,490  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 300,538 100,538   200,000
14 Other employee salaries and wages...... 184,000 0   184,000
15 Pension plans, employee benefits....... 11,205 0   11,205
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,000 0   6,000
c Other professional fees (attach schedule).... Click to see attachment 166,606 109,815   56,791
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 20,910 270   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 25,687 0   25,687
21 Travel, conferences, and meetings....... 857 0   857
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 8,110 35   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 723,913 210,658   484,540
25 Contributions, gifts, grants paid....... 27,913,008 27,913,008
26 Total expenses and disbursements. Add lines 24 and 25 28,636,921 210,658   28,397,548
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -24,586,275
b Net investment income (if negative, enter -0-) 2,687,832
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......... 4,164,516 7,347,486 7,347,486
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) 0 Click to see attachment12,963,963 13,312,933
b Investments—corporate stock (attach schedule)....... 0 Click to see attachment20,057,711 27,821,913
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment8,500,000 8,302,962
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 69,290,919 0 0
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) 73,455,435 48,869,160 56,785,294
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........ 73,455,435 48,869,160
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 73,455,435 48,869,160
30 Total liabilities and net assets/fund balances (see instructions). 73,455,435 48,869,160
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
73,455,435
2
Enter amount from Part I, line 27a .....................
2
-24,586,275
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
48,869,160
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
48,869,160
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 PUBLICLY TRADED SECURITIES      
c PUBLICLY TRADED SECURITIES      
d PUBLICLY TRADED SECURITIES      
e PUBLICLY TRADED SECURITIES      
PUBLICLY TRADED SECURITIES      
PUBLICLY TRADED SECURITIES      
PUBLICLY TRADED SECURITIES      
GAINS FROM PARTNERSHIP P    
Capital Gains Dividends P    
(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 3,620,863   4,018,407 -397,544
b 776,640   832,078 -55,438
c 205,191   209,573 -4,382
d 9,700,491   9,510,083 190,408
e 526,787   444,570 82,217
873,547   777,051 96,496
37,772,299   36,450,799 1,321,500
7,244,831   6,715,691 529,140
175,798     175,798
327,383     327,383
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       -397,544
b       -55,438
c       -4,382
d       190,408
e       82,217
      96,496
      1,321,500
      529,140
      175,798
      327,383
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 2,265,578
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 37,361
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 37,361
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 37,361
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 31,014
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 24,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 55,514
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 18,153
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet18,153 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletBESSEMER TRUST COMPANY NA Telephone no.bullet (516) 508-9623

    Located atbullet1271 AVE OF THE AMERICASNEW YORKNY ZIP+4bullet10020
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    DANIEL A HANLEY ESQ CO-TRUSTEE
    40.00     		0 0 0
    C/O BESSEMER TRUST COMPANY 222
    ROYAL PALM WAY
    PALM BEACH,FL33480
    JOHN M EMERY ESQ CO-TRUSTEE
    40.00     		0 0 0
    C/O BESSEMER TRUST COMPANY 222
    ROYAL PALM WAY
    PALM BEACH,FL33480
    HAYS LAWRENCE CLARK CO-TRUSTEE
    2.00     		0 0 0
    C/O BESSEMER TRUST COMPANY 222
    ROYAL PALM WAY
    PALM BEACH,FL33480
    VALERIE C MCNEELY CO-TRUSTEE
    2.00     		0 0 0
    C/O BESSEMER TRUST COMPANY 222
    ROYAL PALM WAY
    PALM BEACH,FL33480
    HARRIS WHITLOCK CLARK CO-TRUSTEE
    2.00     		0 0 0
    C/O BESSEMER TRUST COMPANY 222
    ROYAL PALM WAY
    PALM BEACH,FL33480
    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
    ARTHUR SUNDSTROM EXECUTIVE DIRECTOR
    40.00     		184,000 0 0
    C/O BESSEMER TRUST222 ROYAL PALM
    WAY
    PALM BEACH,FL33480
    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
    BESSEMER TRUST INVESTMENT MANAGEMENT 0
    222 ROYAL PALM WAY
    PALM BEACH,FL33480
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    56,292,937
    b
    Average of monthly cash balances.......................
    1b
    8,786,193
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    65,079,130
    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
    65,079,130
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    976,187
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    64,102,943
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,205,147
    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
    3,205,147
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    37,361
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    37,361
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,167,786
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,167,786
    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
    3,167,786
    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
    28,397,548
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    28,397,548
    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
    28,397,548
    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 3,167,786
    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...... 8,257,490
    b From 2016...... 8,572,255
    c From 2017...... 9,961,835
    d From 2018...... 11,677,875
    e From 2019...... 18,007,324
    fTotal of lines 3a through e........ 56,476,779
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 28,397,548
    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..... 3,167,786
    e Remaining amount distributed out of corpus 25,229,762
    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 81,706,541
    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) ...     		8,257,490
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		73,449,051
    10 Analysis of line 9:
    a Excess from 2016.... 8,572,255
    b Excess from 2017.... 9,961,835
    c Excess from 2018.... 11,677,875
    d Excess from 2019.... 18,007,324
    e Excess from 2020.... 25,229,762
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AMERICAN OVERSEAS MEMORIAL DAY ASSOCIATION FOUNDATION
    C/O ANDREW COX TREASURER 161 THOMAS
    DALE
    WILLIAMSBURG,VA23185     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 100,000
    ANNE ARUNDEL COUNTY FOOD BANK
    PO BOX 650
    CROWNSVILLE,MD21032     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 500,750
    BAYLOR HEALTH CARE SYSTEM
    2001 BRYAN ST STE 2300
    DALLAS,TX752013063     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 25,000
    BELLXCEL
    ONE UNIVERSITY AVE SUITE 201A
    WESTWOOD,MA02090     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 2,000,000
    BLUE MERIDIAN PARTNERS
    477 MADISON AVENUE SIXTH FLOOR
    NEW YORK,NY10022     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 5,000,000
    BOYS & GILRS CLUB OF CHESTER
    PO BOX 1077
    CHESTER,PA19016     		N/A PUBLIC CHARITY SUPPORT FOR EXECUTIVE DIRECTOR COMPENSATION 175,000
    BOYS & GIRLS CLUB OF AMERICA
    1275 PEACHTREE STREET NE
    ATLANTA,GA30309     		N/A PUBLIC CHARITY ADVANCING PHIANTHROPY PROJECT 6,886,532
    BOYS & GIRLS CLUB OF ANNAPOLIS
    121 SOUTH VILLA AVENUE
    ANNapolis,MD21401     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 400,000
    BOYS & GIRLS CLUB OF BELLEVUE
    209 100TH AVE NE
    BELLEVUE,WA98004     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 25,000
    BOYS & GIRLS CLUB OF MANATEE COUNTY
    6220 MANATEE AVE W SUITE 201
    BRADENTON,FL34206     		N/A PUBLIC CHARITY SUPPORT OF DAUGHTREY ELEMENTARY PROJECT LEARN 428,117
    BOYS & GIRLS CLUB OF MARTIN COUNTY
    PO BOX 910
    HOBE SOUND,FL33475     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 210,000
    BOYS & GIRLS CLUB OF PALM BEACH COUNTY INC
    800 NORTHPOINT PKWY STE 204
    W PALM BEACH,FL33407     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 870,000
    BOYS & GIRLS CLUB OF SOUTHERN MARYLAND
    9021 DAYTON AVENUE PO BOX 413
    NORTH BEACH,MD20714     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 75,000
    BROOKWOOD IN GEORGETOWN
    905 N CHURCH ST
    GEORGETOWN,TX78626     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 100,000
    CAPITAL AREA FOOD BANK
    6833 HILL PARK DRIVE
    LORTON,VA22079     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 25,000
    CENTRAL TEXAS FOOD BANK
    6500 METROPOLIS DR
    AUSTIN,TX78744     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 100,000
    CHESTER COUNTY FOOD BANK
    1208 HORSESHOE PIKE
    DOWNINGTON,PA19335     		N/A PUBLIC CHARITY OPERATIONAL 150,000
    CITYTEAM MINISTRIES
    2306 ZANKER ROAD
    SAN JOSE,CA95131     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 50,000
    COMMUNITY FOUNDATION FOR PALM BEACH
    700 S DIXIE HWY 200
    WEST PALM BEACH,FL33401     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 100,000
    COMMUNITY FOUNDATION OF ANNE ARUNDEL COUNTY
    914 BAY RIDGE ROAD SUITE 220
    ANNAPOLIS,MD21403     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 432,000
    COMPASSION FOR LIFE CORPORATION
    119 STREAM DR
    ELKTON,MD219216720     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 65,000
    CORNELL UNIVERSITY
    130 EAST SENECA STREET USITE 400
    ITHACA,NY14850     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 150
    DONORSCHOOSEORG
    134 W 37TH ST FLOOR 11
    NEW YORK,NY10018     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 1,200
    FEEDING AMERICA
    PO BOX 83775
    PHOENIX,AZ85071     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 150,000
    FOOD FINDERS- FARMLINK
    10422 GARDEN GROVE BLVD
    GARDEN GROVE,CA92843     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 50,000
    HARLEM CHILDREN'S ZONE
    35 EAST 125TH STREET
    NEW YORK,NY10035     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 1,100,000
    HAWAII FOODBANK
    2611 KILIHAU ST
    HONOLULU,HI96819     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 50,000
    HEARTS AFTER SCHOOL READING PROGRAM
    PO BOX 8124
    COLUMBUS,MS39705     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 55,000
    INDIAN RIVER STATE COLLEGE FOUNDATION
    3209 VIRGINIA AVENUE
    FOR PIERCE,FL34981     		N/A PUBLIC CHARITY PURCHASE OF 20 SCHOLARSHIPS & STAFF SUPPORT 220,000
    INTERNATIONAL DOCUMENTARY ASSOCIATION
    3600 WILSHIRE BLVD SUITE 1810
    LOS ANGELES,CA90010     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 200,000
    LATIN AMERICA YOUTH CENTER
    1419 COLUMBIA RD NW
    WASHINGTON,DC20009     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 100,000
    LOOMIS CHAFFEE SCHOOL
    4 BATCHELDER ROAD
    WINDSOR,CT06095     		N/A PUBLIC CHARITY OPERATIONAL 3,500
    MARTHA'S TABLE
    2114-14TH ST NW
    WASHINGTON,DC20009     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 1,500
    MEALS ON WHEELS PLUS OF MANATEE COUNTY
    811 23RD AVE E
    BRADENTON,FL34208     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 100,000
    MEDSTAR HEALTH GIFT ACCOUNT
    10980 GRANTCHESTER WAY 7TH FLOOR
    COLUMBIA,MD21044     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 880,000
    MOMENTOUS INSTITUTE
    106 E TENTH STREET
    DALLAS,TX75203     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 125,000
    NANTUCKET BOYS & GIRLS CLUB
    61 SPARKS AVENUE
    NANTUCKET,MA02554     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 25,000
    NATIONAL INDIAN YOUTH LEADERSHIP
    318 ELM STREET SE
    ALBUQUERQUE,NM87102     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 75,000
    NEWSHOUR PRODUCTIONS
    2700 S QUINCY ST
    ARLINGTON,VA22206     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 100,000
    NORTH TEXAS FOOD BANK
    3677 MAPLESHADE LANE
    plaNO,TX75075     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 50,000
    NPR-WUNC
    120 FRIDAY CENTER DR
    CHAPEL HILL,NC27517     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 500
    PACE CENTER FOR GIRLS INC
    1 WEST ADAMS STREET
    JACKSONVILLE,FL32202     		N/A PUBLIC CHARITY GENERAL EXMEPT PURPOSE 1,125,000
    PALM BEACH COUNTY FOOD BANK
    701 BOUTWELL RD
    LAKE WORTH,FL33461     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 50,000
    READING PARTNERS
    180 GRAND AVENUE SUITE 800
    OAKLAND,CA94612     		N/A PUBLIC CHARITY TUTORING IN DC AND BALTIMORE 660,000
    RECTORY SCHOOL INC
    528 POMFRET STREET
    POMFRET,CT06258     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 3,000
    SEA EDUCATION ASSOCIATION
    171 WOODS HOLE ROAD
    FALMOUTH,MA02540     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 500,000
    SHELTER MINISTRIES OF DALLAS
    4411 LEMMON AVE 201
    DALLAS,TX75219     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 600,000
    THE CHILDREN'S LAW CENTER
    44 COURT STREET 11TH FLOOR
    BROOKLYN,NY11201     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 175,000
    THE NATURE CONSERVANCY BLOWING ROCKS PRESERVE
    574 S BEACH RD
    HOBE SOUND,FL33455     		N/A PUBLIC CHARITY BLOWING ROCKS PRESERVE EDUCATIONAL PROGRAMS 55,000
    TREASURE COAST FOOD BANK INC
    401 ANGLE RD
    FORT PIERCE,FL34947     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 50,000
    UNITED WAY FOR GREATER AUSTIN
    2000 E MARTIN LUTHER KING JR BLVD
    AUSTIN,TX78702     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 50,000
    UNIVERSITY OF MARYLAND CENTER FOR ENVIRONMENTAL SCIENCE
    2020 HORNS PT RD
    CAMBRIDGE,MD21613     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 120,590
    UNIVERSITY OF TEXAS AT ARLINGTON- MAIN CONCETRATION ACCOUNT
    701 S NEDDERMAN DRIVE
    ARLINGTON,TX76019     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 775,889
    URBAN YOUTH IMPACT
    2823 N AUSTRAILIAN AVE
    WEST PALM BEACH,FL33407     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 250,000
    VISION TO LEARN
    11611 SAN VICENTE BLVD
    LOS ANGELES,CA90049     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 900,000
    WILLS EYE HOSPITAL
    840 WALNUT STREET
    PHILADELPHIA,PA19107     		N/A PUBLIC CHARITY VISION SCREENING FOR CHILDREN 200,000
    WOODS HOLE OCEANOGRAPHIC INSTITUTION
    FENNO HOUSE MS 40
    WOODS HOLE,MA02543     		N/A PUBLIC CHARITY OPERAIONAL; FUKUSHIMA RADIONUCLIDE RESEARCH 960,946
    YOUNG WOMEN'S CHRISTIAN ASSOCIATION OF ANNAPOLIS & ANNE ARUNDEL COUNTY
    1517 RITCHIE HIGHWAY SUITE 201
    ARNOLD,MD21012     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 433,334
    Total .................................bullet 3a 27,913,008
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14    
    4 Dividends and interest from securities....     14 636,227  
    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 2,242,727  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 2,878,954 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,878,954
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    DEERBROOK CHARITABLE TRUST
     
    Employer identification number

    20-6257418
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    DEERBROOK CHARITABLE TRUST
          		Employer identification number
    20-6257418
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    HAYS CLARK GENERAL MARITAL QTIP TR
     
    BESSEMER TRUST 222 ROYAL PALM WAY
     
    PALM BEACH, FL33480

    		$ 370,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    HAYS CLARK GENERAL MARITAL QTIP TR
     
    BESSEMER TRUST 222 ROYAL PALM WAY
     
    PALM BEACH, FL33480

    		$ 30,161


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    COLONY REVOCABLE TRUST
     
    BESSEMER TRUST 222 ROYAL PALM WAY
     
    PALM BEACH, FL33480

    		$ 755,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    COLONY REVOCABLE TRUST
     
    BESSEMER TRUST 222 ROYAL PALM WAY
     
    PALM BEACH, FL33480

    		$ 16,531


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    DEERBROOK CHARITABLE TRUST
          		Employer identification number

    20-6257418
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    DEERBROOK CHARITABLE TRUST
          		Employer identification number

    20-6257418
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    DEERBROOK CHARITABLE TRUST
    EIN:
    20-6257418
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX SERVICES FEE 6,000 0   6,000

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    DEERBROOK CHARITABLE TRUST
    EIN:
    20-6257418
    Name of Bond End of Year Book Value End of Year Fair Market Value
    715772.59 OW FIXED INCOME FUND 8,500,000 8,302,962

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    DEERBROOK CHARITABLE TRUST
    EIN:
    20-6257418
    Name of Stock End of Year Book Value End of Year Fair Market Value
    LATE CASH- REALLOCATION PD IN 2021 63 0
    185.00 CHARTER COMMUNICATIONS INC 86,932 122,386
    329.00 MATCH GROUP INC 28,627 49,741
    1200.00 TENCENT HOLDINGS LTD 52,216 87,266
    133.00 ALPHABET INC CLASS C 89,257 233,000
    350.00 SEA LTD ADR 15,495 69,667
    665.00 FACEBOOK INC-A 112,518 181,651
    650.00 HILTON WORLDWIDE HOLDINGS 63,635 72,319
    68.00 AMAZON.COM INC 51,653 221,471
    195.00 BURLINGTON STORES INC 30,508 51,002
    165.00 HOME DEPOT 22,329 43,827
    305.00 ADVANCE AUTO PARTS 42,331 48,040
    504.00 WYNDHAM HOTELS & RESORTS 27,069 29,957
    115.00 LVMH MOET HENNESSY VUITTON 47,011 72,096
    295.00 ALIBABA GROUP HOLDINGS LTD 23,245 68,655
    915.00 NIKE INC CL B 66,497 129,445
    625.00 ROSS STORES INC 59,483 76,756
    1215.00 DOLLARAMA INC 38,878 49,456
    945.00 US FOODS HOLDING CORP 24,187 31,477
    670.00 PEPSICO INC 63,952 99,361
    49115.91 OW CREDIT INCOME FUND 500,000 501,473
    255.00 PIONEER NATURAL RESOURCES 46,756 29,041
    1460.00 CONOCOPHILLIPS 63,931 58,385
    945.00 SCHWAB CHARLES CORP NEW 46,508 50,122
    210.00 AON PLC 43,656 44,366
    86.00 BLACKROCK INC 43,328 62,052
    335.00 NASDAQ INC. 23,046 44,467
    1385.00 BLACKSTONE GROUP INC 75,430 89,761
    320.00 CHUBB LIMITED 15,925 49,254
    1105.00 CITIGROUP INC 32,959 68,134
    3825.00 BANK OF AMERICA CORP 112,758 115,935
    130.00 S&P GLOBAL INC. 33,988 42,734
    310.00 UNITEDHEALTH GROUP INC 78,314 108,710
    190.00 LAB CORP OF AMER HLDGS NEW 27,150 38,674
    480.00 DANAHER CORP 38,357 106,627
    242.00 THERMO FISHER SCIENTIFIC 13,843 112,718
    160.00 COOPER COS INC 32,425 58,131
    126.00 TELEFLEX INC 32,506 51,857
    240.00 STERIS PLC 16,924 45,489
    735.00 IQVIA HOLDINGS INC 109,257 131,689
    520.00 ZOETIS INC 33,253 86,060
    45.00 WEST PHARMACEUTICAL SVC 3,977 12,748
    289106.00 5TH AVE MUL-STRAT OFF PND 289,106 289,106
    790.00 IAA INC 21,840 51,334
    280.00 EQUIFAX INC 37,883 53,995
    5260.00 RENTOKIL INITIAL PLC 27,367 36,595
    510.00 SAFRAN SA 63,703 72,563
    685.00 UNION PACIFIC CORP 116,746 142,630
    645.00 SMITH A O CORP 30,187 35,358
    140.00 VERISK ANALYTICS INC-CL A 15,779 29,062
    165.00 CINTAS CORP 26,714 58,320
    860.00 FORTIVE CO 44,491 60,905
    100.00 IDEX CORP 9,254 19,920
    320.00 DOVER CORP 20,288 40,400
    105.00 L3 HARRIS TECHNOLOGIES INC 14,573 19,847
    295.00 CMC MATERIALS INC 41,757 44,633
    785.00 FIDELITY NATL INFO SVCS 79,672 111,046
    255.00 WEX INC 47,500 51,900
    490.00 SS&C TECHNOLOGIES HOLDINGS 31,013 35,647
    270.00 CDW CORP/DE 27,558 35,583
    55.00 PAYCOM SOFTWARE INC 18,680 24,873
    210.00 ADOBE INC 85,885 105,025
    230.00 SYNOPSYS INC 19,909 59,625
    1580.00 MICROSOFT CORP 100,454 351,423
    135.00 ASPEN TECHNOLOGY 17,815 17,583
    120.00 ANSYS INC 12,699 43,656
    2130.00 APPLE INC 48,827 282,629
    85.00 ASML HOLDING 38,120 41,465
    145.00 NICE LTD ADR 21,168 41,113
    770.00 TEXAS INSTRUMENTS INC 73,689 126,380
    480.00 AMPHENOL CORP 45,173 62,769
    116.00 SERVICENOW INC 19,833 63,849
    940.00 VISA INC 93,936 205,606
    489848.34 OW LARGE CAP STRATEGIES FD 4,602,180 8,396,000
    310.00 AIR PRODUCTS & CHEMICALS 76,825 84,698
    260.00 APTARGROUP INC 25,035 35,591
    385.00 AMERICAN TOWER CORP 68,792 86,417
    159441.69 OW SMALL & MIDCAP STRAT FD 1,643,843 2,936,915
    270.00 AMERICAN WATER WORKS CO 12,700 41,436
    625.00 AMEREN CORP 40,669 48,787
    235000.00 D.R. HORTON INC 234,325 236,480
    210000.00 ESTEE LAUDER CO INC 230,525 231,640
    200000.00 SOUTHWEST AIRLINES CO 232,814 237,776
    195000.00 PNC FINANCIAL SERVICES 199,197 201,406
    205000.00 GEORGIA POWER CO 205,731 205,652
    110000.00 XCEL ENERGY INC 112,766 120,977
    180000.00 AIR PRODUCTS & CHEMICALS 181,049 187,487
    200000.00 AMERICAN HONDA FINANCE 199,932 204,516
    175000.00 PAYPAL HOLDINGS INC 179,258 183,029
    210000.00 MCDONALD'S CORP 234,710 233,619
    85000.00 JPMORGAN CHASE & CO 85,120 101,267
    175000.00 CATERPILLAR FINL SERVICE 174,844 176,651
    215000.00 JABIL INC 230,483 229,845
    165000.00 CIGNA CORP 179,102 178,189
    205000.00 ANALOG DEVICES INC 231,603 234,014
    180000.00 STARBUCKS CORP 180,451 182,453
    175000.00 VISA INC 183,135 185,776
    235000.00 KIMBERLY-CLARK CORP 235,806 238,180
    180000.00 TOYOTA MOTOR CREDIT CORP 179,933 184,735
    155000.00 ABBVIE INC 160,044 172,784
    195000.00 DUPONT DE NEMOURS INC 224,926 227,733
    240000.00 HP ENTERPRISE CO 239,719 246,260
    195000.00 ELECTRONIC ARTS INC 196,460 195,479
    190000.00 ENERGY TRANSFER OPERATNG 207,350 213,361
    205000.00 ANTHEM INC 234,878 236,289
    230000.00 VALERO ENERGY CORP 230,733 231,485
    150000.00 ACE INA HLDGS INC 150,293 156,278
    150000.00 NATIONAL RURAL UTIL COOP 150,026 150,774
    130000.00 MORGAN STANLEY 131,907 143,865
    155000.00 ANHEUSER-BUSCH CO/INBEV 167,758 175,255
    140000.00 COMCAST CORP 142,308 167,909
    155000.00 NORTHROP GRUMMAN CORP 153,513 160,986
    120000.00 CITIGROUP INC 118,253 136,502
    87000.00 GOLDMAN SACHS GRP INC FRN 87,040 87,840
    150000.00 BANK OF AMERICA CORP 148,132 165,225
    100000.00 CAPITAL ONE FIN CO FRN 100,027 100,768
    170000.00 APPLE INC 169,874 187,211
    70000.00 MICROSOFT CORP 70,918 76,344
    215000.00 SAN DIEGO G & E 231,845 230,866
    220000.00 AMAZON.COM INC 220,844 223,881
    235000.00 ROPER TECHNOLOGIES INC 234,671 238,071
    227000.00 VERIZON COMMUNICATIONS 229,683 226,098
    215000.00 BROADCOM CRP / CAYMN FI 232,169 232,572
    195000.00 UNION PACIFIC CORP 231,804 232,270
    170000.00 NUTRIEN LTD 182,721 184,685
    200000.00 WESTPAC BANKING CORP 200,428 202,189
    151000.00 SUMITOMO MITSUI FINL GRP 151,141 164,031
    170000.00 CANADIAN IMPERIAL BANK 182,994 183,723
    200000.00 BANCO SANTANDER SA 210,502 210,560
    170000.00 MAGNA INTERNATIONAL INC 176,504 186,090
    101000.00 SHELL INTERNATIONAL FIN 100,134 108,624
    315540.76 WOART 2019-A A3 315,488 321,529

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    DEERBROOK CHARITABLE TRUST
    EIN:
    20-6257418
    US Government Securities - End of Year Book Value:

    12,963,963
    US Government Securities - End of Year Fair Market Value:

    13,312,933
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2020 OtherExpensesSchedule
    Name:
    DEERBROOK CHARITABLE TRUST
    EIN:
    20-6257418
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 35 35   0
    TECHNOLOGY: FOUNDANT TECH 6,800 0   0
    LEGAL: GUNSTER & YOAKLEY 1,275 0   0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    DEERBROOK CHARITABLE TRUST
    EIN:
    20-6257418
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 164,723 109,815   54,908
    PAYROLL FEES 1,883 0   1,883


    TY 2020 TaxesSchedule
    Name:
    DEERBROOK CHARITABLE TRUST
    EIN:
    20-6257418
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 910 270   0
    FEDERAL EXTENSION 20,000 0   0