TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020

Name of foundation
THE SEALARK FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)CO ROPES GRAY LLP 800 BOYLSTON S
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA021993600

A Employer identification number

13-3747240

B Telephone number (see instructions)

(617) 951-7000

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$131,013,559J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	1,554,638
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	1,748,700		1,748,700
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-80,354
b	Gross sales price for all assets on line 6a 52,202,652
7	Capital gain net income (from Part IV, line 2)...			0
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........	3,222,984		1,748,700
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		35,000	17,500	17,500
c	Other professional fees (attach schedule)....		622,083	522,083	100,000
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		367,597	2,597	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		221	0	221
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,024,901		542,180	117,721
25	Contributions, gifts, grants paid.......	5,477,354			5,477,354
26	Total expenses and disbursements. Add lines 24 and 25	6,502,255		542,180	5,595,075
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-3,279,271
b	Net investment income (if negative, enter -0-)			1,206,520
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............		423,602	423,602
	2	Savings and temporary cash investments.........	1,986,618	2,784,380	2,784,380
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	13,435,048	10,121,065	10,556,151
	b	Investments—corporate stock (attach schedule).......	70,896,919	6,102,292	9,980,389
	c	Investments—corporate bonds (attach schedule).......	15,043,059	12,162,966	12,748,988
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............	4,057,414	3,960,952	4,045,270
	13	Investments—other (attach schedule)..........	0	66,069,714	90,474,779
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	105,419,058	101,624,971	131,013,559
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	105,419,058	101,624,971
	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).....	105,419,058	101,624,971
	30	Total liabilities and net assets/fund balances (see instructions).	105,419,058	101,624,971

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

105,419,058

Enter amount from Part I, line 27a .....................

-3,279,271

Other increases not included in line 2 (itemize) bullet

382,500

Add lines 1, 2, and 3 ..........................

102,522,287

Decreases not included in line 2 (itemize) bullet

897,316

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

101,624,971

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
1 a	PUBLICLY TRADED SECURITIES BESSEMER TR A/C	P
b	PUBLICLY TRADED SECURITIES ROPES & GRAY FIDUCIARY A/C	P
c	MICROSOFT PROCEEDS	P
d	CAPITAL GAINS DIVIDENDS	P
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	20,199,421	19,486,987	712,434
b	30,831,425	32,796,019	-1,964,594
c	18,896		18,896
d	1,152,910		1,152,910
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			712,434
b			-1,964,594
c			18,896
d			1,152,910
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-80,354
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 ...................		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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	16,771
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	16,771
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	16,771
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	109,510
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	109,510
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	92,739
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax92,739	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

ROPES GRAY LLP Telephone no. bullet

(617) 951-7000

Located at bullet

800 BOYLSTON STREETBOSTONMA ZIP+4 bullet

021993600

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
JAMES M CLARK JR	PRESIDENT, SECRETARY, TREA 2.00	0	0	0
C/O ROPES GRAY 800 BOYLSTON STREET BOSTON,MA021993600	PRESIDENT, SECRETARY, TREA 2.00	0	0	0
KATHY M CLARK	VICE PRESIDENT, ASS'T SECR 2.00	0	0	0
C/O ROPES GRAY 800 BOYLSTON STREET BOSTON,MA021993600	VICE PRESIDENT, ASS'T SECR 2.00	0	0	0

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...................				0

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
ROPES & GRAY LLP	INVESTMENT MANAGEMENT AND TAX PREP	458,081
800 BOYLSTON ST BOSTON,MA02199	INVESTMENT MANAGEMENT AND TAX PREP	458,081
ELM RIDGE EXPLORATION CO	GRANTMAKING AND ADVISORY SERVICES	100,000
12225 GREENVILLE AVE STE 950 DALLAS,TX75243	GRANTMAKING AND ADVISORY SERVICES	100,000
BESSEMER TRUST	INVESTMENT MANAGEMENT	99,002
1002 SEMONTEREY COMMONS STUART,FL34996	INVESTMENT MANAGEMENT	99,002

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

113,252,349

Average of monthly cash balances.......................

3,006,603

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

116,258,952

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

116,258,952

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

1,743,884

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

114,515,068

Minimum investment return. Enter 5% of line 5..................

5,725,753

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.)

Minimum investment return from Part X, line 6....................

5,725,753

Tax on investment income for 2020 from Part VI, line 5......

16,771

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

16,771

Distributable amount before adjustments. Subtract line 2c from line 1............

5,708,982

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

5,708,982

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

5,708,982

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

5,595,075

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

5,595,075

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

5,595,075

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)

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					5,708,982
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......	73,461
b From 2016......	301,763
c From 2017......	62,313
d From 2018......
e From 2019......	361,251
fTotal of lines 3a through e........		798,788
4Qualifying distributions for 2020 from Part
XII, line 4: $ 5,595,075
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.....					5,595,075
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.		113,907			113,907
(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		684,881
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 ......		684,881
10 Analysis of line 9:
a Excess from 2016....	261,317
b Excess from 2017....	62,313
c Excess from 2018....
d Excess from 2019....	361,251
e Excess from 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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

JAMES M CLARK JR

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ALCUIN SCHOOL 6144 CHURCHILL WAY DALLAS,TX75230		PC	SUPPORT FOR THE AIR SANITIZER FUND	24,854
ALCUIN SCHOOL 6144 CHURCHILL WAY DALLAS,TX75230		PC	CAPITAL CAMPAIGN FOR NORTH & SOUTH WING	250,000
BARD COLLEGE AT SIMON'S ROCK 84 ALFORD ROAD GREAT BARRINGTON,MA01230		PC	GENERAL OPERATING FUND SUPPORT	55,000
BARD COLLEGE AT SIMON'S ROCK 84 ALFORD ROAD GREAT BARRINGTON,MA01230		PC	GENERAL OPERATING FUND SUPPORT	45,000
BARD COLLEGE AT SIMON'S ROCK 84 ALFORD ROAD GREAT BARRINGTON,MA01230		PC	GENERAL OPERATING FUND SUPPORT	400,000
BARD COLLEGE AT SIMON'S ROCK 84 ALFORD ROAD GREAT BARRINGTON,MA01230		PC	GENERAL OPERATING FUND SUPPORT	80,000
BARD COLLEGE AT SIMON'S ROCK 84 ALFORD ROAD GREAT BARRINGTON,MA01230		PC	GENERAL OPERATING FUND SUPPORT	1,000,000
BARD COLLEGE AT SIMON'S ROCK 84 ALFORD ROAD GREAT BARRINGTON,MA01230		PC	GENERAL OPERATING FUND SUPPORT	250,000
BROTHER BILL'S HELPING HAND 3906 N WESTMORELAND ROAD DALLAS,TX75212		PC	GENERAL OPERATING FUND SUPPORT	10,000
BROTHER BILL'S HELPING HAND 3906 N WESTMORELAND ROAD DALLAS,TX75212		PC	GENERAL OPERATING FUND SUPPORT	10,000
CAPE COD HEALTH CARE FOUNDATION 32 MAIN STREET HYANNIS,MA02601		PC	GENERAL OPERATING FUND SUPPORT	25,000
CATHOLIC CHARITIES DALLAS 1421 W MOCKINGBIRD LN DALLAS,TX75247		PC	GENERAL OPERATING FUND SUPPORT	10,000
CATHOLIC CHARITIES 1421 W MOCKINGBIRD LN DALLAS,TX75247		PC	GENERAL OPERATING FUND SUPPORT	10,000
CATHOLIC CHARITIES 1421 W MOCKINGBIRD LN DALLAS,TX75247		PC	GENERAL OPERATING FUND SUPPORT	10,000
CHILD CARE GROUP 1420 WEST MOCKINGBIRD LN SUITE 300 DALLAS,TX75247		PC	GENERAL OPERATING FUND SUPPORT	100,000
CHURCH OF THE MESSIAH 22 CHURCH STREET WOODS HOLE,MA02543		PC	GENERAL OPERATING FUND SUPPORT	10,000
COMMIT2DALLAS 3800 MAPLE AVENUE SUITE 800 DALLAS,TX75219		PC	GENERAL OPERATING FUND SUPPORT	50,000
COMMIT2DALLAS 3800 MAPLE AVENUE SUITE 800 DALLAS,TX75219		PC	GENERAL OPERATING FUND SUPPORT	50,000
COMMUNITIES FOUNDATION OF TX 5500 CARUTH HAVEN LANE DALLAS,TX75219		PC	SUPPORT FOR THE NORTH TEXAS COMMUNITY RESPONSE FUND	100,000
COMMUNITIES FOUNDATION OF TX 5500 CARUTH HAVEN LANE DALLAS,TX75225		PC	SUPPORT FOR THE GET SHIFT DONE FOR NORTH TEXAS FUND	250,000
COMMUNITIES FOUNDATION OF TX 5500 CARUTH HAVEN LANE DALLAS,TX75225		PC	SUPPORT FOR THE NORTH TEXAS COMMUNITY SUPPORT FUND	100,000
COMMUNITIES FOUNDATION OF TX 5500 CARUTH HAVEN LANE DALLAS,TX75225		PC	GENERAL OPERATING FUND SUPPORT	500,000
COMMUNITIES FOUNDATION OF TX 5500 CARUTH HAVEN LANE DALLAS,TX75225		PC	SUPPORT FOR THE REVIVE DALLAS SMALL BUSINESS FUND	500,000
COMMUNITIES FOUNDATION OF TX 5500 CARUTH HAVEN LANE DALLAS,TX75225		PC	SUPPORT FOR THE EDUCATE TEXAS, TEXAS IMPACT NETWORK	250,000
COMMUNITIES FOUNDATION OF TX 5500 CARUTH HAVEN LANE DALLAS,TX75225		PC	SUPPORT FOR THE GET SHIFT DONE FOR NORTH TEXAS FUND	200,000
DALLAS CASA DEVELOPMENT OFFICE 2757 SWISS AVENUE DALLAS,TX75204		PC	GENERAL OPERATING FUND SUPPORT	25,000
DALLAS EDUCATION FOUNDATION 9400 NORTH CENTRAL EXPWY STE 13110 DALLAS,TX75231		PC	GENERAL OPERATING FUND SUPPORT	25,000
FALMOUTH SERVICE CENTER PO BOX 208 FALMOUTH,MA02541		PC	GENERAL OPERATING FUND SUPPORT	10,000
HIGHFIELD HALL & GARDENS PO BOX 464 FALMOUTH,MA02541		PC	GENERAL OPERATING FUND SUPPORT	25,000
HIGHFIELD HALL & GARDENS PO BOX 464 FALMOUTH,MA02541		PC	GENERAL OPERATING FUND SUPPORT	250,000
LOCKWOOD - MATHEWS MANSION MUSEUM 299 WEST AVENUE NORWALK,CT06850		PC	GENERAL OPERATING FUND SUPPORT	50,000
MINNIE'S FOOD PANTRY 661 18TH STREET PLANO,TX75074		PC	GENERAL OPERATING FUND SUPPORT	10,000
MINNIE'S FOOD PANTRY 661 18TH STREET PLANO,TX75074		PC	GENERAL OPERATING FUND SUPPORT	10,000
NORTH TX FOOD BANK 3677 MAPLESHADE LANE PLANO,TX75075		PC	GENERAL OPERATING FUND SUPPORT	20,000
NORTH TX FOOD BANK 3677 MAPLESHADE LANE PLANO,TX75075		PC	GENERAL OPERATING FUND SUPPORT	25,000
NORTH TX FOOD BANK 3677 MAPLESHADE LANE PLANO,TX75075		PC	GENERAL OPERATING FUND SUPPORT	25,000
PEROT MUSEUM OF NATURE AND SCIENCE 2201 N FIELD ST DALLAS,TX75201		PC	GENERAL OPERATING FUND SUPPORT	25,000
SCHOLARSHOT 2904 SWISS AVENUE DALLAS,TX75204		PC	GENERAL OPERATING FUND SUPPORT	75,000
SCOTTISH RITE FOR CHILDREN 2222 WELBORN ST DALLAS,TX75219		PC	GENERAL OPERATING FUND SUPPORT	25,000
ST PHILLIPS SCHOOL & COMMUNITY CENTER 1600 PENNSYLVANIA AVENUE DALLAS,TX75215		PC	GENERAL OPERATING FUND SUPPORT	50,000
THE FAMILY PLACE PO BOX 7999 DALLAS,TX75209		PC	GENERAL OPERATING FUND SUPPORT	15,000
WOODS HOLE OCEANOGRAPHIC INSTITUTION MS 40 WOODS HOLE,MA02543		PC	PRESIDENT'S FUND SUPPORT	400,000
WOODS HOLE OCEANOGRAPHIC INSTITUTION MS 40 WOODS HOLE,MA02543		PC	ANNUAL FUND SUPPORT	100,000
YALE SCHOOL OF MANAGEMENT PO BOX 208200 NEW HAVEN,CT06520		PC	GENERAL OPERATING FUND SUPPORT	22,500
Total ................................. 3a				5,477,354

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	1,748,700
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	-80,354
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		1,668,346	0

13Total. Add line 12, columns (b), (d), and (e)..................

1,668,346

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Name of the organization

THE SEALARK FOUNDATION INC

Employer identification number

13-3747240

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

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

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... 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 THE SEALARK FOUNDATION INC

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	JAMES MCCONNELL CLARK TR UID 122999 FUNDING C/O ROPES GRAY 800 BOYLSTON ST BOSTON, MA021993600	$ 1,554,638	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (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 THE SEALARK FOUNDATION INC		Employer identification number 13-3747240

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 THE SEALARK FOUNDATION INC			Employer identification number 13-3747240
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.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose 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

(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

(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

(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:

- TIN:

TY 2020 AccountingFeesSchedule

Name:

THE SEALARK FOUNDATION INC

EIN:

13-3747240

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ROPES & GRAY LLP TAX PREPARATION FEES	35,000	17,500		17,500

- TIN:

TY 2020 DistributionFromCorpusElection

Name:

THE SEALARK FOUNDATION INC

EIN:

13-3747240

Election:

PART XIII, UNDISTRIBUTED INCOME, LINE 4CELECTION UNDER IRC REG. SEC. 53-4942(A)-3(D)(2)PURSUANT TO IRC SECTION 4942 (H)(2) AND REGULATION 53.4942(A)-3(D)(2), THE SEALARK FOUNDATION, INC. HEREBY ELECTS TO TREAT CURRENT YEAR'S QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF CORPUS. SIGNATURE: ____________________________________________ NAME: ____________________________________________

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

THE SEALARK FOUNDATION INC

EIN:

13-3747240

Name of Bond	End of Year Book Value	End of Year Fair Market Value
159000 ABBVIE INC 3.200% 11/06/22	161,670	166,470
114000 ADOBE INC 1.900% 2/01/25	113,757	120,555
133000 ALPHABET INC 1.100% 8/15/30	132,636	131,182
89000 AMGEN INC 2.450% 2/21/30	88,969	95,303
125000 ANHEUSER-BUSCH 4.900% 2/01/46	147,606	160,626
112000 APPLE INC 3.450% 2/09/45	119,315	135,924
120000 AT&T INC 4.350% 3/01/29	131,711	143,119
133000 AT&T INC 4.750% 5/15/46	149,036	164,057
285000 BANK OF AMER CRP MTN 4.125% 1/22/24	296,846	315,874
95000 BOEING CO 2.600% 10/30/25	96,300	99,111
99000 BRISTOL-MYERS SQUIBB 0.750% 11/13/25	98,840	99,679
89000 CAPITAL ONE FINL CO 3.900% 1/29/24	93,123	97,489
50000 CATERPILLAR FINL MTN 2.150% 11/08/24	50,170	53,263
77000 CATERPILLAR INC 2.600% 4/09/30	76,583	84,881
59000 CIGNA CORP 2.400% 3/15/30	58,901	62,907
195000 CITIGROUP INC 3.200% 10/21/26	201,407	217,946
200000 COMCAST CORP 3.375% 2/15/25	209,667	221,124
52000 COMCAST CORP 4.700% 10/15/48	63,963	72,651
172000 COMMONWEALTH EDISON 3.700% 8/15/28	187,250	202,874
73000 COSTCO WHOLESALE CO 1.375% 6/20/27	72,836	75,211
78000 CVS HEALTH CORP 4.300% 3/25/28	84,457	92,817
50000 DISCOVERY COMMUN 3.625% 5/15/30	50,000	57,276
94000 DTE ENERGY CO 2.600% 6/15/22	94,395	96,942
159000 ENTERGY MISSISSIPPI 2.850% 6/01/28	162,587	175,561
74000 ENTERPRISE PRODUCTS 5.950% 2/01/41	94,217	101,736
146000 FISERV INC 2.250% 6/01/27	145,904	155,600
100000 GILEAD SCIENCES INC 1.650% 10/01/30	99,761	100,344
150000 GOLDMAN SACHS GP 3.500% 1/23/25	153,728	165,549
115000 GOLDMAN SACHS GROUP 3.850% 1/26/27	121,640	131,238
46000 HOME DEPOT INC 2.950% 6/15/29	47,790	52,288
170000 INTERCONTINENTAL EXC 1.850% 9/15/32	169,250	171,178
268000 JPMORGAN CHASE & CO 3.300% 4/01/26	280,445	299,951
125000 KINDER MORGAN ENRGY 4.150% 3/01/22	128,493	130,296
114000 LOWE'S COS INC 1.700% 10/15/30	113,563	115,503
156000 MARSH & MCLENNAN 3.875% 3/15/24	164,006	172,062
75000 MICROSOFT CORP 2.525% 6/01/50	76,091	79,091
262000 MORGAN STANLEY MTN 3.125% 7/27/26	270,629	292,856
116000 MPLX LP 4.800% 2/15/29	124,888	140,193
204000 ORACLE CORP 2.500% 4/01/25	203,925	219,251
65000 SHELL INTL FIN 4.000% 5/10/46	74,251	81,862
112000 SHIRE ACQ INV IRELAN 3.200% 9/23/26	115,290	125,292
125000 SIMON PROPERTY GROUP 3.750% 2/01/24	131,792	135,395
151000 TEXAS INSTRUMENTS 1.375% 3/12/25	150,775	156,598
306000 TORONTO-DOMINION MTN 0.750% 9/11/25	305,146	307,144
170000 TOTAL CAPITAL INTL 2.829% 1/10/30	174,122	189,443
101000 UNITED TECH CORP 3.950% 8/16/25	109,027	115,838
93000 VERIZON COMM INC 3.150% 3/22/30	92,714	104,291
85000 VISA INC 4.300% 12/14/45	103,792	116,428
122000 WALMART INC 4.050% 6/29/48	144,437	165,560
72000 WALT DISNEY COMPANY 2.000% 9/01/29	69,796	75,252
216000 WELLS FARGO CO V-A 2.188% 4/30/26	216,000	227,424
125000 WESTPAC BANKING CORP NOT CALLABLE 2.000% DUE 08/19/2021 AA3/AA-	125,268	126,368
120000 ELECTRONIC ARTS INC 3.700% DUE 03/01/2021 BAA1/BBB+	120,898	120,295
125000 AMERICAN ELECTRIC POWER 3.650% DUE 12/01/2021 BAA2/BBB+	129,138	128,649
120000 NATIONAL RURAL UTIL COOP 1.750% DUE 01/21/2022 A2/A	119,894	121,882
130000 CAPITAL ONE FIN CO FRN 1.180% DUE 03/09/2022 BAA1/BBB	130,035	130,998
115000 STARBUCKS CORP 1.300% DUE 05/07/2022 BAA1/BBB+	115,288	116,567
95000 ORACLE CORP SR GLBL NT 2.500% DUE 05/15/2022 A3/A	95,895	97,515
120000 AMERICAN HONDA FINANCE 1.950% DUE 05/20/2022 A3/A-	119,959	122,710
120000 JABIL INC 4.700% DUE 09/15/2022 BAA3/BBB-	128,642	128,286
125000 FLORIDA POWER & LIGHT CO 2.750% DUE 06/01/2023 AA2/A+	126,922	130,875
120000 CIGNA CORP 3.750% DUE 07/15/2023 BAA2/A-	130,256	129,592
52000 GOLDMAN SACHS GRP INC FRN 1.214% DUE 07/24/2023 A3/BBB+	52,004	52,502
175000 AMERICAN EXPRESS CO 3.700% DUE 08/03/2023 A3/BBB+	178,469	189,541
120000 SAN DIEGO G & E 3.600% DUE 09/01/2023 A2/A	129,402	128,855
110000 ABBVIE INC 3.750% DUE 11/14/2023 BAA2/BBB+	117,265	119,889
120000 BROADCOM CRP / CAYMN FI 3.625% DUE 01/15/2024 BAA3/BBB-	129,583	129,807
110000 HCA INC 5.000% DUE 03/15/2024 BAA3/BBB-	120,468	123,748
130000 VALERO ENERGY CORP 1.200% DUE 03/15/2024 BAA2/BBB	130,414	130,839
135000 HP ENTERPRISE CO 1.450% DUE 04/01/2024 BAA2/BBB	134,842	138,521
130000 APPLE INC 3.450% DUE 05/06/2024 AA1/AA+	128,874	143,161
105000 PARKER-HANNIFIN CORP 2.700% DUE 06/14/2024 BAA1/BBB+	104,951	112,665
130000 PEPSICO INC 2.250% DUE 03/19/2025 A1/A+	129,907	139,153
110000 ARCHER-DANIELS-MIDLAND C 2.750% DUE 03/27/2025 A2/A	114,721	119,628
110000 GENERAL DYNAMICS CORP 3.500% DUE 05/15/2025 A2/A	116,327	123,110
115000 MCDONALD'S CORP 3.300% DUE 07/01/2025 BAA1/BBB+	128,532	127,934
115000 DUPONT DE NEMOURS INC 4.493% DUE 11/15/2025 BAA1/BBB+	132,648	134,304
115000 BANK OF AMERICA CORP 3.366% DUE 01/23/2026 A2/A-	121,358	126,672
110000 LOWE'S COS INC 2.500% DUE 04/15/2026 BAA1/BBB+	108,112	119,394
115000 MORGAN STANLEY 2.188% DUE 04/28/2026 A2/BBB+	115,000	121,581
106000 MICROSOFT CORP 2.400% DUE 08/08/2026 AAA/AAA	107,828	115,607
117000 COMCAST CORP CALLABLE 10/15/2026 @ 100.000 2.350% DUE 01/15/2027 A3/	125,617	125,753
125000 VISA INC 1.900% DUE 04/15/2027 AA3/AA-	130,810	132,697
120000 AMAZON.COM INC 1.200% DUE 06/03/2027 A2/AA-	120,460	122,117
110000 SOUTHWEST AIRLINES CO 5.125% DUE 06/15/2027 BAA1/BBB	129,253	130,777
130000 KIMBERLY-CLARK CORP 1.050% DUE 09/15/2027 A2/A	130,443	131,759
130000 ROPER TECHNOLOGIES INC 1.400% DUE 09/15/2027 BAA2/BBB+	129,818	131,698
115000 ANTHEM INC CALLABLE 09/01/2027 @ 100.000 3.650% DUE 12/01/2027 BAA2/	123,863	132,552
130000 WASTE MANAGEMENT INC 1.150% DUE 03/15/2028 BAA1/A-	129,672	129,946
110000 UNION PACIFIC CORP 3.950% DUE 09/10/2028 BAA1/A-	130,761	131,024
50000 JPMORGAN CHASE & CO 4.203% DUE 07/23/2029 A2/A-	50,070	59,569
100000 GENERAL DYNAMICS CORP 3.625% DUE 04/01/2030 A2/A	115,695	118,704
120000 ESTEE LAUDER CO INC 2.600% DUE 04/15/2030 A1/A+	131,728	132,366
125000 MERCK & CO INC 1.450% DUE 06/24/2030 A1/AA-	123,926	126,362
123000 VERIZON COMMUNICATIONS 1.750% DUE 01/20/2031 BAA1/BBB+	124,453	122,511

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

THE SEALARK FOUNDATION INC

EIN:

13-3747240

Name of Stock	End of Year Book Value	End of Year Fair Market Value
231 ALPHABET INC CLASS C (GOOG)	176,174	404,684
340 CHARTER COMMUNICATIONS INC (CHTR)	168,740	224,927
1150 FACEBOOK INC-A (FB)	194,715	314,134
118 AMAZON.COM INC (AMZN)	108,690	384,317
1125 HILTON WORLDWIDE HOLDINGS (HLT)	117,418	125,167
290 HOME DEPOT (HD)	39,848	77,029
1590 NIKE INC CL B (NKE)	99,495	224,937
1085 ROSS STORES INC (ROST)	106,599	133,248
1160 PEPSICO INC (PEP)	115,969	172,028
2525 CONOCOPHILLIPS (COP)	114,062	100,974
445 PIONEER NATURAL RESOURCES (PXD)	81,530	50,681
370 AON PLC (AON)	76,543	78,169
6610 BANK OF AMERICA CORP (BAC)	196,775	200,349
154 BLACKROCK INC (BLK)	80,056	111,117
2400 BLACKSTONE GROUP INC (BX)	140,339	155,544
560 CHUBB LIMITED (CB)	18,160	86,195
1960 CITIGROUP INC (C)	79,824	120,853
230 S&P GLOBAL INC. (SPGI)	61,434	75,607
1625 SCHWAB CHARLES CORP NEW (SCHW)	80,148	86,190
835 DANAHER CORP (DHR)	73,115	185,486
1285 IQVIA HOLDINGS INC (IQV)	194,066	230,233
422 THERMO FISHER SCIENTIFIC (TMO)	32,819	196,559
540 UNITEDHEALTH GROUP INC (UNH)	141,325	189,367
900 ZOETIS INC (ZTS)	63,117	148,950
285 CINTAS CORP (CTAS)	48,009	100,736
1490 FORTIVE CO (FTV)	78,125	105,521
1190 UNION PACIFIC CORP (UNP)	204,650	247,781
330 ADOBE INC (ADBE)	136,710	165,039
830 AMPHENOL CORP (APH)	78,600	108,539
3685 APPLE INC (AAPL)	129,476	488,962
1360 FIDELITY NATL INFO SVCS (FIS)	122,797	192,385
2735 MICROSOFT CORP (MSFT)	192,630	608,318
253 SERVICENOW INC (NOW)	63,351	139,258
1330 TEXAS INSTRUMENTS INC (TXN)	135,487	218,292
1815 VISA INC (V)	201,072	396,994
535 AIR PRODUCTS & CHEMICALS (APD)	134,248	146,172
645 AMERICAN TOWER CORP (AMT)	112,908	144,776
1085 AMEREN CORP (AEE)	71,349	84,695
475 AMERICAN WATER WORKS CO (AWK)	22,066	72,898
615 SEA LTD ADR (SE)	27,362	122,415
2075 TENCENT HOLDINGS LTD	88,028	150,898
515 ALIBABA GROUP HOLDINGS LTD (BABA)	44,744	119,855
200 LVMH MOET HENNESSY VUITTON	86,223	125,385
890 SAFRAN SA	113,473	126,631
130 ASML HOLDING	58,301	63,418
541 MATCH GROUP INC (MTCH)	50,314	81,793
505 ADVANCE AUTO PARTS (AAP)	60,294	79,542
325 BURLINGTON STORES INC (BURL)	56,421	85,003
2000 DOLLARAMA INC	62,495	81,410
830 WYNDHAM HOTELS & RESORTS (WH)	37,771	49,335
1535 US FOODS HOLDING CORP (USFD)	38,719	51,130
550 NASDAQ INC. (NDAQ)	52,755	73,007
275 COOPER COS INC (COO)	71,459	99,913
320 LAB CORP OF AMER HLDGS NEW (LH)	47,246	65,136
395 STERIS PLC (STE)	45,525	74,868
212 TELEFLEX INC (TFX)	64,232	87,252
80 WEST PHARMACEUTICAL SVC (WST)	13,066	22,664
585 DOVER CORP (DOV)	48,465	73,856
455 EQUIFAX INC (EFX)	60,942	87,742
1295 IAA INC (IAA)	42,156	84,149
165 IDEX CORP (IEX)	24,303	32,868
175 L3 HARRIS TECHNOLOGIES INC (LHX)	29,224	33,078
8625 RENTOKIL INITIAL PLC	43,818	60,006
1065 SMITH A O CORP (AOS)	46,838	58,383
235 VERISK ANALYTICS INC-CL A (VRSK)	32,395	48,783
195 ANSYS INC (ANSS)	40,672	70,941
230 ASPEN TECHNOLOGY (AZPN)	30,339	29,957
445 CDW CORP/DE (CDW)	46,605	58,646
490 CMC MATERIALS INC (CCMP)	66,496	74,137
240 NICE LTD ADR (NICE)	38,306	68,049
93 PAYCOM SOFTWARE INC (PAYC)	31,651	42,059
795 SS&C TECHNOLOGIES HOLDINGS (SSNC)	50,399	57,836
385 SYNOPSYS INC (SNPS)	48,146	99,807
415 WEX INC (WEX)	66,884	84,464
430 APTARGROUP INC (ATR)	43,786	58,862

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

THE SEALARK FOUNDATION INC

EIN:

13-3747240

US Government Securities - End of Year Book Value:

10,121,065

US Government Securities - End of Year Fair Market Value:

10,556,151

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

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

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

THE SEALARK FOUNDATION INC

EIN:

13-3747240

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
262400.347 ARTISAN INTL SM/MID-INST	AT COST	3,956,551	5,389,703
155997.53 ARTISAN INTL VALUE FD INS	AT COST	5,234,454	6,218,062
74359.547 DRIEHAUS EMERGING MKTS GRWTH FD INST	AT COST	2,586,730	3,654,772
234558.721 EDGEWOOD GROWTH FUND INS	AT COST	8,213,041	12,143,105
56318.881 FIERA CAP EMERG MRKTS-INST	AT COST	2,523,600	3,403,350
347711.654 GQG PARTNERS US SEL EQTY-INST	AT COST	4,826,559	4,958,368
195090.843 JPMORGAN HEDGED EQUITY-I	AT COST	4,177,300	4,676,328
226571.679 SPYGLASS GROWTH FUND-INST	AT COST	2,339,634	5,027,626
23913.014 VANGUARD 500 INDEX FUND ADM	AT COST	6,276,507	8,287,533
86470.46 VANGUARD S/C VAL INDX-ADM	AT COST	4,010,500	5,280,751
264522.989 WCM FOCUSED INTL GROWTH FD-INS	AT COST	4,309,225	6,546,944
306516.806 OW SMALL & MIDCAP STRAT FD (OWSMX)	AT COST	4,110,449	5,646,039
120000 NUTRIEN LTD3.625% DUE 03/15/2024 BAA2/BBB"	AT COST	128,980	130,366
80000 MAGNA INTL 3.625% DUE 06/15/2024 A3/A-"	AT COST	83,061	87,571
136000 SUMITOMO MITSUI FINL GRP 2.632% DUE 07/14/2026 A1/A-	AT COST	136,127	147,736
195275.59 OW CREDIT INCOME FUND (OWCIX)	AT COST	1,953,104	1,993,763
984991.996 OW LARGE CAP STRATEGIES FUND (OWLSX)	AT COST	11,203,892	16,882,762

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

THE SEALARK FOUNDATION INC

EIN:

13-3747240

Description	Amount
AMORTIZATION OF SECURITIES	66,615
YE BOOK BASIS TO TAX BASIS ADJUSTMENT	830,701

- TIN:

TY 2020 OtherExpensesSchedule

Name:

THE SEALARK FOUNDATION INC

EIN:

13-3747240

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
CSC EXPENSE	196	0		196
STATE OF DELAWARE	25	0		25

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

THE SEALARK FOUNDATION INC

EIN:

13-3747240

Description	Amount
OUTSTANDING CHECKS	382,500

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

THE SEALARK FOUNDATION INC

EIN:

13-3747240

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
BESSEMER TRUST INVESTMENT MANAGEMENT FEES	99,002	99,002	0
ROPES & GRAY LLP INVESTMENT MANAGEMENT FEES	423,081	423,081	0
ELM RIDGE EXPLORATION CO	100,000	0	100,000

- TIN:

TY 2020 TaxesSchedule

Name:

THE SEALARK FOUNDATION INC

EIN:

13-3747240

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES AND ADR FEES	2,597	2,597		0
EXCISE TAX- 2019 EXTENSION	365,000	0		0