Form990-PF
Click to see list of attachments

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
The Knapp Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)P O Box O
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
St Michaels, MD21663
A Employer identification number

13-6001167
B Telephone number (see instructions)

(410) 745-5660
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$11,089,721J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 6 6  
4 Dividends and interest from securities... 143,741 143,741  
5a Gross rents............ 1,000 1,000  
b Net rental income or (loss) -17,245
6a Net gain or (loss) from sale of assets not on line 10 135,869
b Gross sales price for all assets on line 6a 1,896,274
7 Capital gain net income (from Part IV, line 2)... 135,869
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........ 280,616 280,616  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 99,600 13,000   86,600
14 Other employee salaries and wages...... 75,400     75,400
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 7,200 3,600   3,600
c Other professional fees (attach schedule).... Click to see attachment 88,644 83,644   5,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 20,606 999   14,952
19 Depreciation (attach schedule) and depletion... Click to see attachment 52,900 16,603  
20 Occupancy.............. 35,609     35,609
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 234,404 1,642   232,762
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 614,363 119,488   453,923
25 Contributions, gifts, grants paid....... 88,288 88,288
26 Total expenses and disbursements. Add lines 24 and 25 702,651 119,488   542,211
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -422,035
b Net investment income (if negative, enter -0-) 161,128
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............. 24,936 27,282 27,282
2 Savings and temporary cash investments......... 1,434,833 1,738,213 1,738,213
3 Accounts receivable bullet8,000
Less: allowance for doubtful accounts bullet   8,571 8,000 8,286
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.......... 7,314 10,886 9,100
10a Investments—U.S. and state government obligations (attach schedule) 675,697    
b Investments—corporate stock (attach schedule)....... 1,640,960 Click to see attachment1,465,730 2,859,937
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,333,577 Click to see attachment1,442,343 1,826,903
14 Land, buildings, and equipment: basis bullet1,759,285
Less: accumulated depreciation (attach schedule) bullet759,960 1,029,643 Click to see attachment999,325 1,320,000
15 Other assets (describe bullet) Click to see attachment8,116,751 Click to see attachment8,164,426 Click to see attachment3,300,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 14,272,282 13,856,205 11,089,721
Liabilities 17 Accounts payable and accrued expenses.......... 48,300 54,258
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)......... 48,300 54,258
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........ 4,104,901 4,104,901
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 10,119,081 9,697,046
29 Total net assets or fund balances (see instructions)..... 14,223,982 13,801,947
30 Total liabilities and net assets/fund balances (see instructions). 14,272,282 13,856,205
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
14,223,982
2
Enter amount from Part I, line 27a .....................
2
-422,035
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
13,801,947
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,801,947
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 10146 Adv Disciplined Tr 1959 Ubiquitous P 2019-10-15 2020-11-18
b 16020 Adv Disciplined 1961 Cohen & Steers P 2019-09-20 2020-12-14
c 10039 Advisors Disciplined Tr Unit 1898 P 2018-11-02 2020-01-17
d 315 American Electric Power Co P 2016-07-14 2020-04-14
e 2100 AT&T Inc P 2013-10-22 2020-10-20
278 Boeing Co P 2015-01-29 2020-07-22
360 Citigroup Inc P 2018-08-21 2020-02-24
761.999 Dow Inc P 1985-01-01 2020-03-12
1265 Dow Inc P 2019-04-04 2020-03-12
835 Exxon Mobil P 1985-01-01 2020-04-15
10457 Ft Unit 8215 Dow Target P 2019-09-18 2020-10-14
2120 General Electric P 2020-02-24 2020-10-20
2117 General Motors Co P 2019-04-02 2020-03-31
106 Goldman Sachs P 2018-08-21 2020-10-20
200 Home Depot Inc P 2010-06-10 2020-02-24
947 iShares Tr Dow Jones Select Divid Index P 2010-11-24 2020-03-31
626 iShares Tr Dow Jones US Real Estate Inde P 2013-05-23 2020-03-31
475 iShares Tr Dow Jones US Health Care Prov P 2009-05-29 2020-10-20
340 iShares Tr US Utils ETF P 2011-06-23 2020-04-14
118 L3harris Technologies P 2020-01-07 2020-03-31
400 Marvell Technology P 2019-07-10 2020-01-07
25000 Metrop Nashville Arpt Auth P 2010-02-03 2020-07-01
210 Nextera Energy Inc P 2000-04-07 2020-04-14
151100 US Treas Bills P 2019-11-12 2020-05-07
503300 US Treas Bills P 2019-11-18 2020-05-21
.361 Viatris P 1996-03-14 2020-11-19
2010 Polaris Ranger 800 P 2009-11-18 2020-07-05
(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 149,434   102,686 46,748
b 151,121   154,142 -3,021
c 110,018   99,847 10,171
d 26,506   22,053 4,453
e 55,748   74,541 -18,793
49,701   71,884 -22,183
25,910   26,102 -192
18,449   21,405 -2,956
30,627   76,139 -45,512
33,253   3,236 30,017
90,179   105,000 -14,821
15,163   25,641 -10,478
45,269   80,831 -35,562
22,092   25,486 -3,394
47,903   6,640 41,263
69,430   55,951 13,479
42,366   46,761 -4,395
100,739   18,015 82,724
50,242   28,007 22,235
21,186   25,222 -4,036
10,268   10,241 27
25,000   25,754 -754
50,321   4,877 45,444
149,996   149,996  
499,947   499,947  
6   1 5
5,400 12,683 12,683 5,400
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       46,748
b       -3,021
c       10,171
d       4,453
e       -18,793
      -22,183
      -192
      -2,956
      -45,512
      30,017
      -14,821
      -10,478
      -35,562
      -3,394
      41,263
      13,479
      -4,395
      82,724
      22,235
      -4,036
      27
      -754
      45,444
       
       
      5
      5,400
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 2 135,869
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 -95,561
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 2,240
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 2,240
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,240
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 9,585
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,585
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 7,345
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet5,000 RefundedBullet 11 2,345
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCT, MD, NC
    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 ofbulletKnapp Foundation Inc Telephone no.bullet (410) 745-5660

    Located atbulletPO Box OSt MichaelsMD ZIP+4bullet21663
    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
    Antoinette Vojvoda Secretary
    12.00     		0    
    PO Box O
    St Michaels,MD21663
    Steven F Capranica Treasurer
    25.00     		43,700    
    PO Box O
    St Michaels,MD21663
    Ruth M Capranica President
    20.00     		50,900    
    PO Box O
    St Michaels,MD21663
    Christine Dayton Trustee
    2.00     		5,000    
    PO Box 0
    St Michaels,MD21663
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,777,701
    b
    Average of monthly cash balances.......................
    1b
    1,539,195
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,308,571
    d
    Total (add lines 1a, b, and c).........................
    1d
    10,625,467
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    10,625,467
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    159,382
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,466,085
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    523,304
    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
    523,304
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,240
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,240
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    521,064
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    521,064
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    521,064
    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
    542,211
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    542,211
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    542,211
    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 7 521,064
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 127,812
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019...... 70,650
    fTotal of lines 3a through e........ 198,462
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 542,211
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 521,064
    e Remaining amount distributed out of corpus 21,147
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 219,609
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		127,812
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		91,797
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019.... 70,650
    e Excess from 2020.... 21,147
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Ruth Capranica
    PO Box O
    St Michaels,MD21663
    (410) 745-5660
    bThe form in which applications should be submitted and information and materials they should include:
    Detailed letter
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    None
    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
    Amer Foundation for the Blind
    2 Penn Plaza Suite 1102
    New York,NY10121     		None   Annual contribution library collection acquisitions 5,000
    Easton Vol Fire Dept
    P O Box 851
    Easton,MD21601     		None   Annual Contribution 5,000
    St Michael's Fire Department
    1001 S Talbot Street
    St Michaels,MD21663     		None   Annual contribution 5,000
    Learning Ally
    20 Roszel Road
    Princeton,NJ08540     		None   Library Education Materials 5,000
    Save Our Seabirds
    1708 Ken Thompson Parkway
    Sarasota,FL34236     		None   Equipment Acquistion 8,288
    South Carolina Aquarium
    100 Aquarium Wharf
    Charleston,SC29401     		None   Equipment Acquisition 20,000
    Baywater Animal Rescue
    4390 Bucktown Road
    Cambridge,MD21613     		None   Equipment acquisition 5,000
    Caroline County Humane Society Inc
    407 W Bell Street
    Ridgely,MD21660     		None   Equipment acquisition 5,000
    Humane Society of Somerset County I
    PO Box 493
    Princess Anne,MD21853     		None   Equipment acquisition 20,000
    Humane Society of Wicomico County I
    5130 Citation Drive
    Salisbury,MD21804     		None   Equipment acquisition 5,000
    Worcester County Humane Society
    PO Box 48
    Berlin,MD21811     		None   Equipment acquisition 5,000
    Total .................................bullet 3a 88,288
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 6  
    4 Dividends and interest from securities....     14 143,741  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     14 -17,245  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 135,869  
    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)..   262,371  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    262,371
    (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
    Knapp Educational Fund Private foundtn See attached
    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: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    The Knapp Foundation Inc
    EIN:
    13-6001167
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Jacqueline K. Lorsong 7,200 3,600 0 3,600

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

    TY 2020 DepreciationSchedule
    Name:
    The Knapp Foundation Inc
    EIN:
    13-6001167
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    1103-owner occup-3500 sf 2002-02-01 444,754 199,155 SL 40.0000 11,119      
    1103-rental-58.333% 2002-02-01 622,646 278,808 SL 40.0000 15,566 15,566    
    Air Conditioning -1103 2008-08-05 43,829 33,359 SL 15.0000 2,922      
    Office improvements -1103 2012-08-30 8,974 1,643 SL 40.0000 224      
    JD 3520 Compact Utility 2013-06-28 13,249 12,304 SL 7.0000 945      
    C3850 multifunctional 2015-02-17 4,395 4,249 SL 5.0000 146      
    Heat pump 2015-10-29 12,716 3,533 SL 15.0000 848 848    
    JD Lawn Mower 2015 JDX730 2015-08-20 7,044 4,359 SL 7.0000 1,006      
    Gravely Proturn Mower 2016-07-11 11,550 5,775 SL 7.0000 1,650      
    2 JD Gators 2016 PR15 2016-01-22 31,041 17,367 SL 7.0000 4,434      
    Gravely Proturn 472 2017-02-28 10,607 4,293 SL 7.0000 1,515      
    Dehumidifier 2018-09-20 2,837 236 SL 15.0000 189 189    
    Server 2018-08-23 7,739 2,064 SL 5.0000 1,548      
    2019 Ram 1500 2018-06-14 62,239 14,078 SL 7.0000 8,891      
    2020 Kawasaki Mule 2020-06-30 14,653   SL 7.0000 1,047      
    2019 Gravely Proturn 460 2020-04-15 7,929   SL 7.0000 850      

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Knapp Foundation Inc
    EIN:
    13-6001167
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1854 Chevron 103,543 156,570
    1730 Coca Cola 21,393 94,873
    1509 Dominion Energy Inc 55,403 113,477
    1628 Walt Disney Company Holding Co 11,788 294,961
    2085 Exxon Mobil 8,079 85,944
    3000 Nextera Energy 17,418 231,450
    1322 Pepsico 51,926 196,053
    3815 Pfizer, Inc. 110,115 140,430
    902 NCR Corporation   33,888
    3193 Verizon Communications 139,056 187,589
    566 Home Depot Inc 18,793 150,341
    3326 AT&T Inc 116,664 95,656
    278 Boeing Inc    
    1187 American Electric Power 79,343 98,841
    1030 Johnson & Johnson 126,414 162,101
    40 Amazon Com Inc 71,807 130,277
    500 Apple Inc 25,723 66,345
    360 Citigroup Inc    
    106 Goldman Sachs Group Inc    
    343 Microsoft Corp 47,338 76,290
    355 VISA Inc 51,304 77,649
    400 Marvell Technology Group    
    822 Bristol Myers Squib 50,768 50,989
    445 Clorox Co 75,629 89,854
    2027 Dow Inc    
    1965 General Mills 102,585 115,542
    2117 General Motors    
    599 Starbucks 52,764 64,081
    288 Costco Wholesale Corp 91,486 108,513
    211 Procter & Gamble Co 30,352 29,359
    473 Viatris Inc 6,039 8,864

    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Knapp Foundation Inc
    EIN:
    13-6001167
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GNMA Mortgage Pools-Various AT COST 13 18
    3140 iShares Dow Jones US Consumer Sectr AT COST 37,377 221,370
    626 iShares Tr Dow Jones US Real Estate AT COST    
    3290 iShares Tr S&P US Pfd Stk AT COST 116,603 126,698
    575 iShares Dow Jones US Health Care Pr AT COST 27,533 134,941
    302 Advisors Disciplined Tr Unit 541 AT COST 125,167 97,090
    947 iShares Tr Dow Jones Select Divid In AT COST    
    1684 iShares Tr Dow Jones US Utils AT COST 83,352 130,678
    979 SPDR Ser Tr S&P Divid ETF AT COST 80,622 103,705
    2883 Invesco Exchange Traded Fd II AT COST 126,840 162,111
    10039 Adv Disc Tr Unit 1898 AT COST    
    10146 Advisors Disciplined Tr Unit 1959 AT COST    
    16020 Advisors Disciplined Tr Unit 1961 AT COST    
    10457 FT Unit 8215 Dow Target 10 Sept 19 AT COST    
    420 Invesco Exchange-Traded FD TR DWA Te AT COST 50,672 59,086
    10581 Advisors Disciplined Tr Unit 1970 AT COST 109,123 110,783
    29246 Advisors Disciplined Tr Unit 1974 AT COST 294,308 279,007
    14802 Advisors Disciplined Tr Unit 2042 AT COST 149,429 153,793
    15112 Advisors Disciplined Tr Unit 2047 AT COST 151,123 150,969
    9084 FT Unit 8944 Dow Target AT COST 90,181 96,654

    TY 2020 LandEtcSchedule2
    Name:
    The Knapp Foundation Inc
    EIN:
    13-6001167
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 141,476 110,301 31,175 10,000
    Machinery and Equipment 166,671 86,872 79,799 60,000
    Buildings 1,150,940 562,787 588,153 907,757
    Land 300,198   300,198 342,243


    TY 2020 OtherAssetsSchedule
    Name:
    The Knapp Foundation Inc
    EIN:
    13-6001167
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Investment in Manor House - Sheepshead 5,928,526 5,976,201 3,300,000
    Program related investment-Sheepshead 2,188,225 2,188,225  


    TY 2020 OtherExpensesSchedule
    Name:
    The Knapp Foundation Inc
    EIN:
    13-6001167
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank charges 70     70
    Corporate fees 329     329
    Insurance 27,573     27,573
    Office expense 15,540     15,540
    Postage and deliveries 345     345
    Rental Expenses 1,642 1,642    
    Telephone 2,495     2,495
    Wildlife habitat maintenance 186,410     186,410


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Knapp Foundation Inc
    EIN:
    13-6001167
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Capra Enterprises, Inc.-inv. advisor 83,160 83,160 0 0
    Consultants 5,000 0 0 5,000
    Pershing fees 484 484 0 0


    TY 2020 TaxesSchedule
    Name:
    The Knapp Foundation Inc
    EIN:
    13-6001167
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise tax-Form 990PF 4,655      
    Payroll taxes 15,951 999   14,952