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 BEA & DAVID ZACK MEMORIAL FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)3 RUBY FIELD COURT
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21209

A Employer identification number

03-0575765

B Telephone number (see instructions)

(212) 832-0400

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

$4,102,345J 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)	76,082
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	64,493		64,493
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-62,899
b	Gross sales price for all assets on line 6a 3,210,365
7	Capital gain net income (from Part IV, line 2)...			5,517
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........	77,676		70,010
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).......		7,771	3,886	3,885
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		20,167	3,167	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		35,709	35,709	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	63,647		42,762	3,885
25	Contributions, gifts, grants paid.......	170,100			170,100
26	Total expenses and disbursements. Add lines 24 and 25	233,747		42,762	173,985
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-156,071
b	Net investment income (if negative, enter -0-)			27,248
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.............	58,159	683,254	683,254
	2	Savings and temporary cash investments.........
	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)
	b	Investments—corporate stock (attach schedule).......	2,776,746	2,338,730	3,415,846
	c	Investments—corporate bonds (attach schedule).......	343,150	0	0
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	3,245	3,245	3,245
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,181,300	3,025,229	4,102,345
	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........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	3,181,300	3,025,229
	29	Total net assets or fund balances (see instructions).....	3,181,300	3,025,229
	30	Total liabilities and net assets/fund balances (see instructions).	3,181,300	3,025,229

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

3,181,300

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

-156,071

Other increases not included in line 2 (itemize) bullet

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

3,025,229

Decreases not included in line 2 (itemize) bullet

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

3,025,229

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	NBT 001447
b	NBT 001447
c	NBT 001448
d	NBT 001448
e	NBT 005387
	NBT 005387
	NBT 006012
	NBT 006012
	NBT 007799
	NBT 007799
	NBT 008521
	NBT 008521
	TOTAL CASH IN LIEU

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	496,619	481,153	15,466
b	273,184	278,998	-5,814
c	402,686	385,001	17,685
d	259,080	325,883	-66,803
e	275,602	239,560	36,042
	556,693	520,752	35,941
	84,702	82,940	1,762
	360,425	341,141	19,284
	37,273	31,327	5,946
	170,757	149,173	21,584
	159,330	157,958	1,372
	134,014	210,988	-76,974
			26

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			15,466
b			-5,814
c			17,685
d			-66,803
e			36,042
			35,941
			1,762
			19,284
			5,946
			21,584
			1,372
			-76,974
			26

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	5,517
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	379
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	379
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	379
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	16,430
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	16,430
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	16,051
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax16,051	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

DONALD ZACK Telephone no. bullet

(212) 331-7425

Located at bullet

3 RUBY FIELD COURTBALTIMOREMD ZIP+4 bullet

21209

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
DONALD J ZACK	PRESIDENT & TREASURER 1.00	0	0	0
3 RUBY FIELD COURT BALTIMORE,MD21209	PRESIDENT & TREASURER 1.00	0	0	0
ELLEN M OKUN	VICE PRESIDENT & SECRETARY 1.00	0	0	0
3 RUBY FIELD COURT BALTIMORE,MD21209	VICE PRESIDENT & SECRETARY 1.00	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
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)

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

3,438,457

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

146,198

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

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

3,584,655

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

3,584,655

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

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

53,770

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

3,530,885

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

176,544

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

176,544

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

379

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

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

379

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

176,165

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

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

176,165

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

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

176,165

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 ..........

173,985

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

173,985

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

173,985

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				176,165
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......			164,843
b Total for prior years:20, 20, 20		0
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......
d From 2018......
e From 2019......
fTotal of lines 3a through e........	0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 173,985
a Applied to 2019, but not more than line 2a			164,843
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.....				9,142
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2020.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
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 ..........				167,023
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 ......	0
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....
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).)

DONALD J ZACK

ELLEN M OKUN

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
350 ORG PO BOX 843004 BOSTON,MA02284		PC	BUILDING A GLOBAL GRASSROOTS CLIMATE MOVEMENT THAT CAN HOLD OUR LEADERS ACCOUNTABLE TO THE REALITIES OF SCIENCE AND THE PRINCIPLES OF JUSTICE	5,000
AMERICAN CIVIL LIBERTIES UNION 125 BORAD STREET 18TH FLOOR NEW YORK,NY10004		PC	FIGHT GOVERNMENT ABUSE AND VIGOROUSLY DEFEND INDIVIDUAL FREEDOMS	25,000
BOSTON HEALTH CARE FOR THE HOMELESS PROGRAM INC 780 ALBANY ST BOSTON,MA02118		PC	TO PROVIDE OR ASSURE ACCESS TO THE HIGHEST QUALITY HEALTH CARE FOR ALL HOMELESS MEN, WOMEN AND CHILDREN IN THE GREATER BOSTON AREA.	5,000
ENVIRONMENTAL DEFENSE FUND 1875 CONNETICUT AVENUE NW SUITE 600 WASHINGTON,DC20009		PC	ADDRESS MOST ENVIRONMENTAL CHALLENGES BY TARGETING ISSUES THAT AFFECT PEOPLE AROUND THE WORLD	25,000
HEALTH CARE FOR THE HOMELESS 421 FALLSWAY BALTIMORE,MD21202		PC	PROVIDES WHOLE-PERSON HEALTH CARE AND SUPPORTIVE SERVICES TO INDIVIDUALS AND FAMILIES EXPERIENCING HOMELESSNESS.	15,000
HUMAN RIGHTS WATCH 350 FIFTH AVENUE 34TH FLOOR NEW YORK,NY101183299		PC	HRW INVESTIGATES AND REPORTS ON ABUSES HAPPENING IN ALL CORNERS OF THE WORLD	5,000
INDIVISIBLE CIVICS PO 43884 WASHINGTON,DC20010		PC	PARTICIPATE IN CIVIC ENGAGEMENT WORK AT THE LOCAL, STATE, AND NATIONAL LEVEL	2,000
MARYLAND FOOD BANK 2200 HALETHORPE FARMS RD BALTIMORE,MD21227		PC	FEEDING PEOPLE, STRENGTHENING COMMUNITIES, AND ENDING HUNGER FOR MARYLANDERS	15,000
PUBLIC JUSTICE CENTER 1 NORTH CHARLES STREET SUITE 200 BALTIMORE,MD21201		PC	SUPPORT ADVOCACY GROUP TO HELP BUILD A JUST SOCIETY	15,000
RYR-1 FOUNDATION PO 13312 PITTSBURG,PA15243		PC	SUPPORT RESEARCH LEADING TO AN EFFECTIVE TREATMENT OR A CURE FOR RYR-1 RELATED DISEASES	3,000
SOUTHERN POVERTY LAW CENTER 400 WASHINGTON AVENUE MONTGOMERY,AL36104		PC	DEDICATED TO FIGHTING HATE AND BIGOTRY AND TO SEEKING JUSTICE FOR THE MOST VULNERABLE MEMBERS OF SOCIETY.	25,000
PAUL'S PLACE 1118 WARD STREET BALTIMORE,MD21230		PC	IMPROVING THE QUALITY OF LIFE IN THE WASHINGTON VILLAGE/PIGTOWN NEIGHBORHOOD AND THE SURROUNDING SOUTHWEST BALTIMORE COMMUNITIES	100
BLACK WOMEN BUILD - BALTIMORE PO BOX 16564 BALTIMORE,MD21217		PC	HOME OWNERSHIP AND WEALTH BUILDING INITIATIVE THAT TRAINS BLACK WOMEN IN CARPENTRY, ELECTRICAL AND PLUMBING BY RESTORING HOUSES IN BALTIMORE	5,000
OXFAM AMERICA 226 CAUSEWAY STREET 5TH FL BOSTON,MA02114		PC	GLOBAL ORGANIZATION WORKING TO END THE INJUSTIVE OF POVERTY	20,000
LIVING CLASSROOMS FOUNDATION 1417 THAMES STREET BALTIMORE,MD21231		PC	EDUCATIONAL ORGANIZATION FOCUSING ON HANDS ON EDUCATION AND JOB TRAINING	5,000
Total ................................. 3a				170,100

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	64,493
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	-62,899
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		1,594	0

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

1,594

(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 BEA & DAVID ZACK MEMORIAL FOUNDATION

Employer identification number

03-0575765

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 BEA & DAVID ZACK MEMORIAL FOUNDATION

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	DONALD ZACK 3 RUBY FIELD COURT BALTIMORE, MD21209	$ 76,082	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 BEA & DAVID ZACK MEMORIAL FOUNDATION		Employer identification number 03-0575765

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
1	340 DANAHER CORP $76,082	$ 76,082	2020-12-17
(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 BEA & DAVID ZACK MEMORIAL FOUNDATION			Employer identification number 03-0575765
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 BEA & DAVID ZACK MEMORIAL FOUNDATION

EIN:

03-0575765

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BERDON LLP FEES	7,771	3,886		3,885

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

THE BEA & DAVID ZACK MEMORIAL FOUNDATION

EIN:

03-0575765

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ACCENTURE PLC	8,326	12,277
ADOBE SYSTEMS INCORPORATED COM	10,674	20,505
AFLAC INC COM USD0.10	11,648	12,363
ALPHABET INC CAP STK CL A	28,005	43,816
AMERICAN WATER WORKS COMPANY INC COM	10,424	15,807
ANALOG DEVICES INC COM USD0.16 2/3	8,080	11,080
ANSYS INC COM USD0.01	7,246	14,916
ANTHEM INC	7,827	8,991
APPLE INC COM USD0.00001	12,607	35,561
ASML HOLDING NV EURO .09 NY REGISTRY SHS	10,565	17,558
ASTRAZENECA ADR REP 0.5 ORD	9,803	11,548
AVALONBAY COMMUNITIES INC COM USD0.01	6,890	6,257
AVANGRID INC COM	9,661	9,545
BANK OF NEW YORK MELLON CORP COM USD0.01	8,150	8,191
BECTON DICKINSON & CO COM USD1.00	8,056	8,007
BK OF AMERICA CORP COM	17,382	18,489
BLACKBAUD INC	5,931	5,468
BOOKING HOLDINGS INC COM	7,325	8,909
COSTCO WHOLESALE CORP COM USD0.01	9,421	14,318
CREE INC COM USD0.00125	7,296	9,955
EATON CORP PLC COM	9,107	13,936
ECOLAB INC	10,774	13,847
FIRST REPUBLIC BANK SAN FRANCISCO COM	9,791	13,811
FIRST SOLAR INC	7,716	14,442
GILEAD SCIENCES INC COM USD0.001	6,639	6,001
HOME DEPOT INC	10,086	13,281
HUNT J.B. TRANSPORT SERVICES INC COM	10,752	12,162
ILLUMINA INC COM USD0.01	7,025	8,510
INTERNATIONAL FLAVORS & FRAGRANCES COM	9,866	8,381
IPG PHOTONICS CORPORATION COM USD0.0001	8,759	12,308
IQVIA HLDGS INC COM	13,528	16,125
JONES LANG LASALLE INC COM USD0.01	6,434	7,567
LAMB WESTON HLDGS INC COM	10,913	11,732
LHC GROUP INC	6,172	11,733
LINDE PLC COM EUR0.001	10,293	10,804
LULULEMON ATHLETICA INC COM USD0.005	5,397	12,529
MASTERCARD INCORPORATED CL A	14,592	23,201
MCCORMICK & COMPANY INC COM NPV	8,023	11,472
MEDTRONIC PLC	11,255	14,174
MERCK &CO INC COM	13,187	13,088
MICROSOFT CORP	18,691	37,144
NEW YORK TIMES CO	9,891	17,343
NIKE INC CLASS B COM NPV	8,640	14,288
NXP SEMICONDUCTORS NV	6,904	11,767
OMNICELL COM COM	8,501	14,282
ORMAT TECHNOLOGIES INC	6,388	9,209
PALO ALTO NETWORKS INC COM USD0.0001	10,755	16,348
PAYPAL HLDGS INC COM	13,076	31,617
PNC FINANCIAL SERVICES GROUP COM USD5	11,931	13,559
PROCTER AND GAMBLE CO COM	10,338	13,914
QUANTA SERVICES COM USD0.00001	6,939	11,595
QUEST DIAGNOSTICS INC COM USD0.01	9,406	12,751
REINSURANCE GRP OF AMERICA INC COM NEW	4,890	5,563
SALESFORCE COM INC COM USD0.001	8,948	12,239
SBA COMMUNICATIONS CORP NEW CL A	12,361	19,185
STARBUCKS CORP COM USD0.001	7,384	11,019
STRYKER CORPORATION COM	5,164	6,616
SVB FINANCIAL GROUP COM	10,676	17,452
TAIWAN SEMICONDUCTOR MANUFACTURING SPON	11,245	12,758
TARGET CORP	7,043	16,947
TJX COMPANIES INC	10,988	14,956
TRACTOR SUPPLY CO	6,225	8,997
TRANE TECHNOLOGIES PLC COM USD1	8,478	12,193
TRAVELERS COMPANIES INC COM STK NPV	16,241	18,108
UNILEVER PLC SPON ADR NEW	10,612	11,951
UNITED PARCEL SERVICE INC	9,252	9,767
VF CORP COM NPV	7,158	9,481
VERIZON COMMUNICATIONS INC	12,886	13,278
WABTEC COM	10,919	11,126
XYLEM INC COM USD0.01	11,155	15,574
ACCENTURE PLC	8,903	15,150
ADVANCE AUTO PARTS INC	13,992	22,839
ALPHABET INC CAP STK CL A	15,615	38,558
AMERISOURCEBERGEN CORPORATION COM	14,423	18,477
ANSYS INC COM USD0.01	8,627	9,823
APTIV PLC COM USD0.01	10,039	23,843
ARISTA NETWORKS INC COM USD0.0001	14,434	19,759
BECTON DICKINSON & CO COM USD1.00	20,166	30,527
BOOKING HOLDINGS INC COM	7,143	11,136
CIGNA CORP NEW COM	28,758	29,562
COGNIZANT TECHNOLOGY SOLUTIONS CORP COM	22,480	31,879
COLGATE-PALMOLIVE CO COM USD1.00	9,757	12,655
COMCAST CORP	24,796	36,942
COMPASS GROUP PLC SPON ADR EACH REP 1	20,209	18,743
CSX CORP COM USD1	15,046	20,237
DANAHER CORPORATION COM	7,460	25,990
DISCOVERY INC COM SER A	22,022	24,042
EVERSOURCE ENERGY	7,770	7,959
FISERV INC	12,805	13,208
GRAINGER W W INC COM USD0.50	12,905	24,500
INTERCONTINENTAL EXCHANGE INC COM	15,059	28,823
INTUIT INC	4,500	20,132
JPMORGAN CHASE & CO	16,722	33,165
MASTERCARD INCORPORATED CLA	9,441	30,697
MEDTRONIC PLC	13,669	21,437
MICROSOFT CORP	29,021	51,157
NATIONAL GRID SPON ADR EACH REP 5 ORD	14,969	15,761
OTIS WORLDWIDE CORP COM	6,824	9,862
PROGRESSIVE CORP COM	7,606	23,731
PROSUS N.V. EUR0.05	2,297	3,243
REGENERON PHARMACEUTICALS INC	7,435	9,179
ROCHE HOLDINGS ADR	18,683	25,562
SHERWIN-WILLIAMS CO	8,821	16,168
STANLEY BLACK & DECKER INC	18,930	26,963
STARBUCKS CORP COM USD0.001	9,912	15,726
TEXAS INSTRUMENTS INC COM USD1.00	13,238	42,181
U.S. BANCORP	16,475	18,543
UNILEVER PLC SPON ADR NEW	20,455	29,275
UNITED RENTALS INC	15,744	32,699
VESTAS WIND SYS AS UNSP ADR	14,018	41,883
ZEBRA TECHNOLOGIES CORPORATION CL A	16,938	33,052
ADIDAS AG ADR EA REP 1/2 ORD NPV	7,835	9,841
AIA GROUP ADR	13,017	16,908
ALCON INC	5,468	6,070
ALIBABA GROUP HOLDING LTD SPON ADS EACH	5,888	8,146
ASSA ABLOY UNSP ADR EA REPE 0.50 ORD SHS	10,690	12,255
ATLAS COPCO ADR	7,602	13,230
AXA SA SPON ADR EACH REP 1 ORD SHS	18,212	19,410
BANK RAKYAT INDONESIA UNSP ADR EACH REPR	10,390	10,314
BARRATT DEVELOPMENT ADR	8,515	11,485
CRODA INTERNATIONAL UNSP ADS EA REPE 0.5	7,385	10,143
DAIKIN INDUSTRIES NPV ISIN #JP3481800005	2,400	5,023
DAIKIN INDUSTRIES UNSP ADS EACH REP 0.1	12,715	13,586
DASSAULT SYSTEMES SPON ADR EACH REP 1	7,458	11,181
DEUTSCHE TELEKOM AG SPON ADS EACH REPR 1	12,135	12,900
FANUC CORPORATION UNSP ADR EACH REP 0.10	6,281	9,506
FERGUSON PLC SPON ADS EACH REP 0.1 ORD	8,718	15,326
GLAXOSMITHKLINE ADR REP TWO ORD	9,974	9,568
GRIFOLS S A SP ADR REP B NVT	6,485	7,118
HANG LUNG PROPERTIES HLP SPON ADR EACH	11,747	13,438
HDFC BANK LTD SPON ADS EACH REP 3 ORD	6,234	11,995
HENKEL AG&CO KGAA SPON ADS EACH REP	9,899	10,878
HOYA ADR	1,797	2,488
INFINEON TECHNOLOGIES AG SPON ADR EACH	10,018	17,859
ING GROEP NV SPONSORED ADR	18,217	21,183
KAO CORP UNSPON ADS EACH REP 0.20 ORD	15,548	15,840
KERRY GROUP PLC SPONSORED ADR	13,084	15,659
KION GROUP PLC SPONSORED ADR	8,172	11,188
KONINKLIJKE PHILIPS ADR	11,092	14,951
L AIR LIQUIDE ORD ADR	7,545	10,940
MACQUARIE GROUP LIMITED ADR EACH REPR 1	9,341	11,861
MONDI PLC ADR EACH REPR 2 ORD	10,682	12,598
NASPERS SPON ADR EACH REP 0.2 CL N	8,338	10,607
NIPPON TEL & TEL CORP SPON ADR EACH REP 1	9,160	10,711
NOVARTIS AG SPONSORED ADR	11,321	13,409
NOVO NORDISK A/S ADR EACH CNV INTO 1	9,137	12,992
ORIX CORPORATION SPON ADR EACH REP 5 ORD	14,010	15,543
ORSTED A/S UNSP ADR EACH REPR 0.333 ORD	277	545
PRYSMIAN SPA UNSPONSORED ADR	6,923	8,095
RECKITT BENCKISER GROUP PLC SPON ADR	5,225	6,045
RECRUIT HOLDINGS CO LTD UNSPON ADR EACH	12,152	13,944
RED ELECTRICA CORP UNSP ADR EACH REPR	4,706	5,121
ROCHE HOLDINGS ADR	16,750	21,061
SAMPO PLC UNSP ADR EACH REP 0.5 A SH	18,051	20,240
SAP ADR REP 1 ORD	9,955	12,126
SCHNEIDER ELECTRIC SE UNSPONSORED ADR	10,887	18,527
SHISEIDO CO LTD SPONSORED ADR	10,716	11,612
SINGAPORE TELECOMMUNICATIONS ADR	11,734	11,116
SMITH & NEPHEW ADR EACH REPR 2 ORD	6,098	5,988
TAIWAN SEMICONDUCTOR MANUFACTURING SPON	4,898	13,521
TDK ADR REP 1 ORD	11,406	20,470
UMICORE UNSP ADR EACH REP 0.25 ORD SHS	12,390	12,619
UNILEVER PLC SPON ADR NEW	20,735	23,359
VALEO ADR-EACH REPR 0.5 ORD EUR3	6,799	8,867
VESTAS WIND SYS AS UNSP ASR	8,840	19,640
YAMAHA ADR	6,325	9,583
AVERY DENNISON CORP COM USD1	7,271	15,511
CLEVELAND-CLIFFS INC NEW COM	1,590	6,042
VIAVI SOLUTIONS INC COM ISIN	4,322	7,637
AERCAP HOLDINGS N V EUR 0.01	6,138	9,344
AMNEAL PHARMACEUTICALS INC COM STK CL A	2,540	2,765
CHARLES RIVER LABORATORIES INTERNATIONAL	5,187	17,490
CONDUENT INC COM	3,385	5,520
CRITEO ADR REP ORD	9,354	13,229
HAIN CELESTIAL GROUP INC	4,642	7,629
MEDNAX INC COM USD 0.01	3,030	4,540
MOLINA HEALTHCARE INC	3,519	9,571
TREEHOUSE FOODS INC	3,852	3,399
AVIS BUDGET GROUP COM	3,974	5,595
CHICO S FAS INC	382	437
CHILDREN S PLACE INC COM USD 0.10	2,162	2,255
EXPRESS INC	325	150
LYDALL INC	2,766	5,556
SEAWORLD ENTERTAINMENT INC	1,171	2,685
STERICYCLE INC COM ISIN #US8589121081	7,304	10,400
TEMPUR SEALY INTERNATIONAL INC	3,186	7,020
DEVON ENERGY CORP NEW	2,608	3,399
PATTERSON-UTI ENERGY INC COM	652	736
DRILL QUIP INC COM	1,592	1,481
BANKUNITED INC	5,058	8,695
COMERCIA INC	4,974	7,262
CORELOGIC INC COM USD 0.00001	4,034	8,892
TCF FINL CORP COM	5,161	6,664
TEXAS CAP BANCSHARES INC COM	4,954	8,925
ACADIA HEALTHCARE COMPANY INC COM	5,193	9,801
LUMINEX CORP	3,210	3,815
PATTERSON COS INC COM	3,504	5,778
BABCOCK & WILCOX ENTERPRISES I COM	523	737
CLEAN HARBORS INC	3,235	5,327
COVANTA HOLDING CORP	2,488	3,479
CROWN HLDGS INC COM	10,347	22,044
ENERPAC TOOL GROUP CORP CL A COM	2,802	3,505
HARSCO CORP	5,481	7,642
ITRON INC	6,381	12,947
RYDER SYSTEM INC	1,303	2,162
TWIN DISC INC	386	471
VALMONT INDUSTRIES INC	2,142	3,499
WELBILT INC COM	1,721	3,432
ACCURAY INCORPORATED COM USD 0.001	2,051	3,982
ATRICURE INC	3,374	8,072
AVANOS MED INC COM	2,396	3,900
BLOOM ENERGY CORP COM CL A	1,010	4,442
BOX INC CL A	3,521	3,791
CEVA INC	1,964	3,868
CIENA CORP	5,747	15,327
CLOUDERA INC COM	10,142	12,936
CYTOSORBENTS CORP	1,523	1,275
DIEBOLD NIXDORF INCORPORATED COM USD 1.25	2,116	4,424
ENTEGRIS INC	1,307	4,805
FIREEYE INC COM USD 0.0001	7,593	14,297
FLUIDIGM CORP	3,249	4,620
II-VI INC CORP	1,075	3,798
IMPINJ INC COM	1,077	2,722
INFINERA CORP COM	2,164	4,873
INTERSECT ENT INC COM	2,361	4,008
MACOM TECH SOLUTIONS HLDGS INC COM	8,259	16,787
NEW RELIC INC COM	1,398	1,635
NUANCE COMMUNICATIONS INC	5,671	17,856
ONESPAN INC COM	2,541	3,826
ORASURE TECHNOLOGIES INC	2,330	2,699
OSI SYSTEMS INC	3,396	4,847
QUANTUM CORP COM NEW	1,157	2,081
RADWARE LTS COM ILS 0.05	1,529	1,804
RAMBUS INC	5,542	9,516
RESIDEO TECHNOLOGIES INC COM	6,964	13,500
RIBBON COMMUNICATIONS INC COM	2,047	3,477
SPIRIT AEROSYSTEMS HOLDINGS INC	2,404	3,323
STRATASYS LTD	4,745	6,112
TALEND SA SPON ADS EACH 1 ORD SHS	2,739	3,067
THE ODP CORP COM	3,208	3,604
UNISYS CORP	6,142	10,234
VEECO INSTRUMENTS INC	3,891	6,163
VERINT SYSTEMS INC	8,245	14,444
VONAGE HOLDINGS CORP	1,684	2,446
XPERI HOLDING CORP COM	6,603	9,510
ATLANTIC POWER CORP COM NPV ISIN	2,317	2,405
ORMAT TECHNOLOGIES INC	3,430	7,674
VISTRA CORP COM	5,439	6,134
NEUBERGER BERMAN EMERG MRKTS EQ INSTL	92,335	126,428
TIAA-CREF CORE IMPACT BOND INSTL	150,000	150,277

- TIN:

TY 2020 OtherAssetsSchedule

Name:

THE BEA & DAVID ZACK MEMORIAL FOUNDATION

EIN:

03-0575765

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ACCRUED INT PAID C/O DUE FROM BROKER	33	33	33
ACCRUED INTEREST	3,212	3,212	3,212

- TIN:

TY 2020 OtherExpensesSchedule

Name:

THE BEA & DAVID ZACK MEMORIAL FOUNDATION

EIN:

03-0575765

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES	32,868	32,868		0
AMORTIZATION OF BOND PREMIUM	2,841	2,841		0

- TIN:

TY 2020 TaxesSchedule

Name:

THE BEA & DAVID ZACK MEMORIAL FOUNDATION

EIN:

03-0575765

Category	Amount	Net Investment Income
FOREIGN TAXES	2,418	2,418
ADR FEES	749	749
TAXES	17,000	0