Form990-PF
Click to see attachment

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
James S and Gail P Riepe Charitable
Foundation
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

52-6287385
B Telephone number (see instructions)

(800) 839-1754
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$50,123,675J 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) 2,935,213
2 Check bullet.............
3 Interest on savings and temporary cash investments 18,374 18,374  
4 Dividends and interest from securities... 904,843 904,843  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 233,513
b Gross sales price for all assets on line 6a 1,644,018
7 Capital gain net income (from Part IV, line 2)... 233,513
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)....... Click to see attachment 689 689  
12 Total. Add lines 1 through 11........ 4,092,632 1,157,419  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 21,602 0 0 21,602
c Other professional fees (attach schedule).... Click to see attachment 65,814 65,814    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 12,149 3,849    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 65,154 123   65,031
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 164,719 69,786 0 86,633
25 Contributions, gifts, grants paid....... 1,413,352 1,413,352
26 Total expenses and disbursements. Add lines 24 and 25 1,578,071 69,786 0 1,499,985
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,514,561
b Net investment income (if negative, enter -0-) 1,087,633
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 6,575,852 5,966,766 5,966,766
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 24,892,666 Click to see attachment28,246,955 44,156,909
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)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 31,468,518 34,213,721 50,123,675
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 31,468,518 34,213,721
29 Total net assets or fund balances (see instructions)..... 31,468,518 34,213,721
30 Total liabilities and net assets/fund balances (see instructions). 31,468,518 34,213,721
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
31,468,518
2
Enter amount from Part I, line 27a .....................
2
2,514,561
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
230,642
4
Add lines 1, 2, and 3 ..........................
4
34,213,721
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
34,213,721
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(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 1,644,018   1,410,505 233,513
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       233,513
b
c
d
e
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 2 233,513
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 15,118
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 15,118
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 15,118
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 24,886
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 24,886
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 9,768
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet9,768 RefundedBullet 11  
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)
    bulletMD
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
     
     
    ........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
    Yes
     
    .........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
    Christina N Riepe VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Gail P Riepe Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    James S Riepe Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    James S Riepe Jr VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Allison B Riepe VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    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
    Pershing Advisor Solutions LLC Investment Mgmt 65,814
    One Pershing Plaza
    JERSEY CITY,NJ07399
    Foundation Source Administrative 65,031
    55 Walls Drive 3rd Fl
    Fairfield,CT06824
    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
    36,939,280
    b
    Average of monthly cash balances.......................
    1b
    6,332,804
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    43,272,084
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    43,272,084
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    649,081
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    42,623,003
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,131,150
    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
    2,131,150
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    15,118
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    15,118
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,116,032
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,116,032
    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
    2,116,032
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,499,985
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,499,985
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,499,985
    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)
    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 2,116,032
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 313,659
    b From 2016...... 55,992
    c From 2017...... 1,593,651
    d From 2018...... 6,285,377
    e From 2019......  
    fTotal of lines 3a through e........ 8,248,679
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,499,985
    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)........     		 
    d Applied to 2020 distributable amount..... 1,499,985
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 616,047 616,047
    (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 7,632,632
    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) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		7,632,632
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 1,347,255
    c Excess from 2018.... 6,285,377
    d Excess from 2019....  
    e Excess from 2020....  
    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).)
    Gail P Riepe
    James S Riepe
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    1000 FRIENDS OF FLORIDA INC
    PO BOX 5948
    TALLAHASSEE,FL32314     		N/A PC General & Unrestricted 5,000
    B & O RAILROAD MUSEUM
    901 W PRATT ST
    BALTIMORE,MD21223     		N/A PC General & Unrestricted 2,500
    BALTIMORE COMMUNITY FOUNDATION INC
    11 EAST MOUNT ROYAL AVE 2ND FLOO
    BALTIMORE,MD21202     		N/A PC COVID-19 COMMUNITY FUND 50,000
    BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST INC
    808 N CHARLES ST
    BALTIMORE,MD21201     		N/A PC General & Unrestricted 2,500
    BALTIMORE MUSEUM OF ART INC
    10 ART MUSEUM DR
    BALTIMORE,MD21218     		N/A PC General & Unrestricted 10,000
    BALTIMORE SCHOOL FOR THE ARTS FDN INC
    712 CATHEDRAL ST
    BALTIMORE,MD21201     		N/A SO II General & Unrestricted 7,500
    BALTIMORE SQUASHWISE INC
    3600 CLIPPER MILL RD STE 103
    BALTIMORE,MD21211     		N/A PC General & Unrestricted 2,500
    BANNER LAKE CLUB INC
    PO BOX 1875
    HOBE SOUND,FL33475     		N/A PC General & Unrestricted 2,500
    CAVES VALLEY GOLF CLUB FOUNDATION INC
    2910 BLENDON RD
    OWINGS MILLS,MD21117     		N/A PC General & Unrestricted 5,000
    CHESAPEAKE BAY FOUNDATION INC
    6 HERNDON AVE
    ANNAPOLIS,MD21403     		N/A PC General & Unrestricted 10,000
    CHURCH OF THE REDEEMER
    5603 N CHARLES ST
    BALTIMORE,MD21210     		N/A PC General & Unrestricted 3,000
    CRISTO REY JESUIT HIGH SCHOOL
    420 S CHESTER ST
    BALTIMORE,MD21231     		N/A PC General & Unrestricted (SEE GENERAL EXPLANATION) 37,714
    CYLBURN ARBORETUM FRIENDS INC
    4915 GREENSPRING AVE
    BALTIMORE,MD21209     		N/A PC General & Unrestricted 1,000
    FOREVER MARYLAND FOUNDATION INC
    2331 ROCK SPRING RD
    FOREST HILL,MD21050     		N/A PC General & Unrestricted 1,000
    FUEL FUND OF CENTRAL MD INC
    1800 WASHINGTON BLVD STE 410-A
    BALTIMORE,MD21230     		N/A PC General & Unrestricted 2,500
    FUND FOR EDUCATIONAL EXCELLENCE INC
    800 N CHARLES ST STE 400
    BALTIMORE,MD21201     		N/A PC General & Unrestricted 5,000
    HABITAT FOR HUMANITY OF THE CHESAPEAKE INC
    3714 COMMERCE DR
    HALETHORPE,MD21227     		N/A PC General & Unrestricted 15,000
    HIS HIGHNESS MAHARAJA HANWANT SINGHJI CHARITABLE T
    UMAID BHAWAN PALACE
    JODHPUR,RAJASTHAN342006
    IN     		N/A NC General & Unrestricted 25,000
    HOBE SOUND CHILD CARE CENTER INC
    11580 SE GOMEZ AVE
    HOBE SOUND,FL33455     		N/A PC General & Unrestricted 5,000
    HOBE SOUND COMMUNITY CHEST INC
    PO BOX 511
    HOBE SOUND,FL33475     		N/A PC General & Unrestricted 15,000
    HOBE SOUND NATURE CENTER INC
    PO BOX 214
    HOBE SOUND,FL33475     		N/A PC General & Unrestricted 500
    HOUSE OF RUTH MARYLAND INC
    2201 ARGONNE DR
    BALTIMORE,MD21218     		N/A PC General & Unrestricted 5,000
    IRVINE NATURAL SCIENCE CENTER INC
    11201 GARRISON FOREST RD
    OWINGS MILLS,MD21117     		N/A PC General & Unrestricted 5,000
    IRVINE NATURAL SCIENCE CENTER INC
    11201 GARRISON FOREST RD
    OWINGS MILLS,MD21117     		N/A PC EMERGENCY FUND 2,500
    JUBILEE BALTIMORE INC
    25 EAST 20TH ST
    BALTIMORE,MD21218     		N/A PC General & Unrestricted 3,000
    JUPITER MEDICAL CENTER FOUNDATION INC
    1210 S OLD DIXIE HWY
    JUPITER,FL33458     		N/A PC General & Unrestricted 10,000
    KIEVE-WAVUS EDUCATION INC
    PO BOX 169
    NOBLEBORO,ME04555     		N/A PC General & Unrestricted 5,000
    KIPP BALTIMORE INC
    2000 EDGEWOOD ST
    BALTIMORE,MD21216     		N/A PC General & Unrestricted 10,000
    LIVING CLASSROOMS FOUNDATION INC
    802 S CAROLINE ST
    BALTIMORE,MD21231     		N/A PC General & Unrestricted 5,000
    LOAVES AND FISHES OF HOBE SOUND INC
    9307 SE OLYMPUS ST
    HOBE SOUND,FL33455     		N/A PC General & Unrestricted 1,000
    MARYLAND AGRICULTURAL RESOURCE COUNCIL
    1114 SHAWAN RD
    COCKEYSVILLE,MD21030     		N/A PC General & Unrestricted 1,000
    MARYLAND ENVIRONMENTAL TRUST
    100 COMMUNITY PL 3RD FLOOR
    CROWNSVILLE,MD21032     		N/A GOV General & Unrestricted 1,000
    MARYLAND FOOD BANK INC
    2200 HALETHORPE FARMS RO
    BALTIMORE,MD21227     		N/A PC General & Unrestricted 15,000
    MARYLAND FOOD BANK INC
    2200 HALETHORPE FARMS RO
    BALTIMORE,MD21227     		N/A PC COVID-19 fund 50,000
    MARYLAND PHILANTHROPY NETWORK INC
    2 E READ ST 2ND FL
    BALTIMORE,MD21202     		N/A PC General & Unrestricted 2,500
    MARYLAND SPCA INC
    3300 FALLS RD
    BALTIMORE,MD21211     		N/A PC General & Unrestricted 2,500
    MEALS ON WHEELS OF CENTRAL MARYLAND INC
    515 S HAVEN ST
    BALTIMORE,MD21224     		N/A PC General & Unrestricted 5,000
    MEDECINS SANS FRONTIERES USA INC - DOCTORS WITHOUT
    PO BOX 5030
    HAGERSTOWN,MD21741     		N/A PC General & Unrestricted 10,000
    MOUNT VERNON PLACE CONSERVANCY INC
    901 S BOND ST STE 400A
    BALTIMORE,MD21231     		N/A PC General & Unrestricted 500
    MPT FOUNDATION INC
    11767 OWINGS MILLS BLVD
    OWINGS MILLS,MD21117     		N/A PC General & Unrestricted 2,500
    NATURE CONSERVANCY
    4245 N FAIRFAX DRIVE STE 100
    ARLINGTON,VA22203     		N/A PC General & Unrestricted 15,000
    PARKS & PEOPLE FOUNDATION INC
    2100 LIBERTY HEIGHTS AVE
    BALTIMORE,MD21217     		N/A PC General & Unrestricted 3,000
    PAULS PLACE INC
    1118 WARD ST
    BALTIMORE,MD21230     		N/A PC General & Unrestricted 5,000
    PLANNED PARENTHOOD OF MARYLAND INC
    330 N HOWARD ST
    BALTIMORE,MD21201     		N/A PC General & Unrestricted 5,000
    PRESIDENT & TRUSTEES OF COLBY COLLEGE
    4120 MAYFLOWER HILL
    WATERVILLE,ME04901     		N/A PC General & Unrestricted 2,500
    PRINCETON DAY SCHOOL INC
    PO BOX 75
    PRINCETON,NJ08542     		N/A PC General & Unrestricted 1,000
    SAINT IGNATIUS LOYOLA ACADEMY
    300 E GITTINGS ST
    BALTIMORE,MD21230     		N/A PC General & Unrestricted 15,000
    ST VINCENT DE PAUL OF BALTIMORE INC
    2305 N CHARLES ST STE 300
    BALTIMORE,MD21218     		N/A PC Camp St. Vincent program 10,000
    THE BALTIMORE STATION INC
    140 W W ST
    BALTIMORE,MD21230     		N/A PC General & Unrestricted 2,500
    THE EVERGLADES FOUNDATION INC
    18001 OLD CUTLER RD STE 625
    PALMETTO BAY,FL33157     		N/A PC General & Unrestricted 15,000
    THE FAMILY TREE INC
    2108 N CHARLES ST
    BALTIMORE,MD21218     		N/A PC General & Unrestricted 1,000
    THE NATURE CONSERVANCY
    116 FIRST AVE N
    HAILEY,ID83333     		N/A PC General & Unrestricted (SEE GENERAL EXPLANATION) 59,220
    THE TRUSTEES OF THE LADEW TOPIARY GARDENS INC
    3535 JARRETTSVILLE PIKE
    MONKTON,MD21111     		N/A PC Annual Gift Fund; Fund for Ladew 5,000
    THE UNITED WAY OF CENTRAL MARYLAND INC
    1800 WASHINGTON BLVD STE 340
    BALTIMORE,MD21230     		N/A PC Financial Stability fund 25,000
    THE UNITED WAY OF CENTRAL MARYLAND INC
    1800 WASHINGTON BLVD STE 340
    BALTIMORE,MD21230     		N/A PC General & Unrestricted 25,000
    THE UNITED WAY OF CENTRAL MARYLAND INC
    1800 WASHINGTON BLVD STE 340
    BALTIMORE,MD21230     		N/A PC COVID-19 Community Fund 25,000
    THE WOMENS HOUSING COALITION INC
    119 E 25TH ST
    BALTIMORE,MD21218     		N/A PC General & Unrestricted 2,500
    THREAD INC
    PO BOX 1584
    BALTIMORE,MD21203     		N/A PC General & Unrestricted 10,000
    TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
    3451 WALNUT ST 433 FRANKLIN BLDG
    PHILADELPHIA,PA19104     		N/A PC General & Unrestricted (SEE GENERAL EXPLANATION) 748,300
    TRUSTEES OF WALTERS ART GALLERY
    600 NORTH CHARLES ST
    BALTIMORE,MD21201     		N/A GOV General & Unrestricted 1,000
    UNITED STATES SKI TEAM FOUNDATION
    1 VICTORY LN BOX 100
    PARK CITY,UT84060     		N/A PC General & Unrestricted 40,000
    US ADAPTIVE GOLF ASSOCIATION
    504 BURR RIDGE CLUB DR
    BURR RIDGE,IL60527     		N/A PC General & Unrestricted 10,000
    VALLEYS PLANNING COUNCIL INC
    118 W PENNSYLVANIA AVE
    TOWSON,MD21204     		N/A PC General & Unrestricted 10,000
    YOUR PUBLIC RADIO CORPORATION
    2216 NORTH CHARLES ST
    BALTIMORE,MD21218     		N/A PC General & Unrestricted 5,000
    TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
    3451 WALNUT ST 433 FRANKLIN BLDG
    PHILADELPHIA,PA19104     		N/A PC General & Unrestricted (SEE GENERAL EXPLANATION) 27,618
    Total .................................bullet 3a 1,413,352
    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 18,374  
    4 Dividends and interest from securities....     14 904,843  
    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 ............     		    18 233,513  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFOREIGN CURRENCY GAIN     		    01 689  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   1,157,419  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,157,419
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    James S and Gail P Riepe Charitable
    Foundation
    Employer identification number

    52-6287385
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    James S and Gail P Riepe Charitable
    Foundation         		Employer identification number
    52-6287385
    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
    Riepe James S
    1 Isle Ridge W
     
    Hobe Sound, FL33455

    		$ 2,935,213


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    James S and Gail P Riepe Charitable
    Foundation         		Employer identification number

    52-6287385
    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
    		 T. ROWE PRICE GROUP TROW, 10000 sh. $ 1,209,000 2020-05-29
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 T. ROWE PRICE GROUP TROW, 10000 sh. $ 1,279,950 2020-10-02
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 T. ROWE PRICE GROUP TROW, 500 sh. $ 74,025 2020-12-24
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 T. ROWE PRICE GROUP TROW, 2500 sh. $ 372,238 2020-12-28
    (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
    James S and Gail P Riepe Charitable
    Foundation         		Employer identification number

    52-6287385
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    James S and Gail P Riepe Charitable
     
    Foundation
    EIN:
    52-6287385
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bookkeeping 15,712     15,712
    Tax Return Preparation/Review 5,890     5,890

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

    TY 2020 DepreciationSchedule
    Name:
    James S and Gail P Riepe Charitable
     
    Foundation
    EIN:
    52-6287385
    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

    TY 2020 GeneralExplanationAttachment
    Name:
    James S and Gail P Riepe Charitable
     
    Foundation
    EIN:
    52-6287385
    Identifier Return Reference Explanation
    Part XV (Form 990-PF): PART XV (FORM 990-PF): DISTRIBUTIONS OF PROPERTY VALUE AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION METHOD FOR DETERMINING FMV OF SECURITIES: AVERAGE OF HIGH/LOW ON DATE GRANTED TO CHARITY METHOD OF DETERMINING BOOK VALUE OF SECURITIES: COST OF AVERAGE OF HIGH/LOW ON DATE CONTRIBUTED TO FOUNDATION TOTAL FAIR MARKET VALUE OF PROPERTY: $872,852 TOTAL BOOK VALUE OF PROPERTY: $642,210 TOTAL AMOUNT OF GRANTS: $872,852 FORM 990-PF, PART III, LINE 3 - OTHER INCREASES: $230,642 DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: T. ROWE PRICE GROUP UNITS: 400 DATE OF DISTRIBUTION: 12-24-2020 GRANT RECIPIENT: THE NATURE CONSERVANCY FMV OF PROPERTY: $59,220 BOOK VALUE OF PROPERTY: $42,216 TOTAL AMOUNT OF GRANT: $59,220 DESCRIPTION OF PROPERTY: T. ROWE PRICE GROUP UNITS: 5,000 DATE OF DISTRIBUTION: 12-29-2020 GRANT RECIPIENT: TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA FMV OF PROPERTY: $748,300 BOOK VALUE OF PROPERTY: $547,224 TOTAL AMOUNT OF GRANT: $748,300 DESCRIPTION OF PROPERTY: T. ROWE PRICE GROUP UNITS: 300 DATE OF DISTRIBUTION: 06-17-2020 GRANT RECIPIENT: CRISTO REY JESUIT HIGH SCHOOL FMV OF PROPERTY: $37,714 BOOK VALUE OF PROPERTY: $31,662 TOTAL AMOUNT OF GRANT: $37,714 DESCRIPTION OF PROPERTY: T. ROWE PRICE GROUP UNITS: 200 DATE OF DISTRIBUTION: 02-20-2020 GRANT RECIPIENT: TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA FMV OF PROPERTY: $27,618 BOOK VALUE OF PROPERTY: $21,108 TOTAL AMOUNT OF GRANT: $27,618

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    James S and Gail P Riepe Charitable
     
    Foundation
    EIN:
    52-6287385
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABB ORD SHS 13,069 16,074
    ABBOTT LABS 14,846 21,351
    ACCENTURE PLC 4,507 7,314
    ACTIVISION BLIZZARD INC 26,400 45,682
    ADOBE SYSTEMS, INC 9,910 20,005
    AES CORP 5,107 9,048
    AIA GROUP 23,022 26,954
    AIR PRODS & CHEM INC 26,699 33,879
    AIRBUS GROUP 7,839 12,840
    AIRBUS GROUP SE 8,622 8,458
    ALLOGENE THERAPEUTICS INC 5,418 2,903
    ALPHABET INC CL C 14,689 38,541
    ALTRIA GROUP INC 31,096 23,411
    AMAZON COM 24,361 74,909
    AMERICAN FUNDS AMERICAN HIGH-I 790,728 788,842
    AMERICAN FUNDS GLOBAL INSIGHT 2,542,208 3,144,679
    AMERICAN FUNDS INFLATION LINKE 842,622 927,722
    AMERICAN FUNDS INVESTMENT COMP 1,346,428 1,499,176
    AMERICAN TOWER REIT INC 23,932 46,239
    AMETEK INC 10,056 15,118
    ANHEUSER BUSCH COS INC 17,276 21,672
    ANHEUSER BUSCH INBEV SA NV SHS 3,924 6,347
    ANTHEM INC 18,191 20,550
    AON PLC CL A 23,221 39,507
    APPLE INC 12,481 59,312
    ASAHI KASEI CORP 18,340 26,698
    ASML HOLDING NV NY REG SHS 7,680 36,091
    ASTRAZENECA 42,244 49,140
    ASTRAZENECA PLC ORD 16,822 23,227
    BARRICK GOLD CORPORATION 6,716 7,973
    BAXTER INTERNATIONAL INC 12,629 12,036
    BIOHAVEN PHARMACEUTICAL HOLDIN 2,649 4,714
    BOC AVIATION LTD 20,775 20,782
    BRITISH AMERICAN TOBACCO 63,065 56,192
    BRITISH AMERICAN TOBACCO PLC 6,730 6,748
    BROADCOM INC 71,941 140,550
    BWX TECHNOLOGIES INC 5,502 6,088
    CABLE ONE INC 25,516 42,327
    CALRSBERG AS SP ADR REP B 19,495 24,033
    CAPITAL GROUP CORE BOND FUND 4,226,228 4,333,627
    CAPITAL WORLD BOND FUND F3 SHR 845,213 897,372
    CARLSBERG A/S 38,586 52,098
    CENTENE CORP 6,421 6,003
    CHARTER COMMUNICATIONS, INC 17,417 57,555
    CHEVRON CORP 42,769 39,100
    CHINA MERCHANTS BANK CO., LTD 3,916 6,320
    CHIPOTLE MEX GRILL 9,836 29,121
    CHUBB LIMITED 33,484 42,636
    CHURCH & DWIGHT 5,197 6,978
    CIE FINANCIERE RICH 23,779 32,533
    CIGNA CORPORATION 7,652 8,744
    CK ASSET HOLDINGS LTD 26,525 20,275
    CLOROX CO 10,124 13,327
    CME GROUP, INC 25,518 54,251
    CMS ENERGY CP 26,112 29,895
    COMCAST CORP 64,526 85,936
    COMPAGNIE FINANCIERE RICHEMONT   184
    CONOCOPHILLIPS 17,358 18,355
    COSTCO WHOLESALE CORPORATION 24,425 42,576
    CROWN CASTLE INTL 84,101 126,874
    CSX CORP 21,428 33,215
    DANAHER CORP 8,280 29,100
    DARDEN RESTAURANTS INC 3,329 5,360
    DBS GROUP HLDGS LTD. SPON ADR 7,652 7,578
    DEERE CO 3,797 7,533
    DIGITAL RLTY TR INC 29,799 34,738
    DOW INC 11,679 15,263
    EAST WEST BANCORP, INC 14,099 22,820
    EDWARDS LIFESCIENCES 18,463 27,369
    ELASTIC NV 2,949 6,576
    ELECTRONIC ARTS 6,985 9,334
    ELI LILLY & CO 33,992 48,795
    EMERGING MARKETS GROWTH FUND C 582,087 892,423
    ENBRIDGE INC 10,665 10,909
    ENEL-SOCIETA PER AZI 31,612 50,833
    ENN ENERGY HOLDINGS 10,914 14,677
    EOG RESOURCES INC 16,058 16,607
    EQUIFAX INC 4,722 7,714
    EQUINIX, INC 50,543 79,988
    EQUITRANS MIDSTREAM CORPORATIO 31,460 20,615
    ESSILOR INTL ADR 8,471 9,798
    ESTEE LAUDER COMPANIES INC 14,018 25,288
    EURONEXT NV ORD. SHS 14,303 24,264
    EVEREST RE GROUP LTD 9,802 8,895
    EXELON CORPORATION 14,529 14,735
    EXTRA SPACE STORAGE 6,130 8,110
    FACEBOOK INC 17,990 29,501
    FIDELITY NATIONAL INFORMATION 8,481 9,053
    FIRST REPUBLIC BANK 6,032 8,816
    FLEETCOR TECHNOLGIES INC 11,251 11,186
    GALLAGHER ARTHUR J & CO 8,802 11,134
    GAMING AND LEISURE PROPERTIES, 28,899 31,079
    GENERAL MILLS INC 20,720 20,404
    GILEAD SCIENCES INC 35,868 23,362
    GLAXOSMITHKLINE PLC SHS 15,815 13,682
    GLOBAL PAYMENTS INC 5,395 9,263
    GODADDY INC 10,653 17,751
    GROUPE DANONE 37,232 32,297
    HEICO CORP 6,067 9,268
    HEICO CP CL A 3,078 3,512
    HENRY JACK & ASSOC INC 16,314 37,582
    HKBN LTD 22,326 19,346
    HONEYWELL INTL 30,792 39,988
    HONG KONG ELEC HOLDINGS LTD 10,433 9,082
    HONG KONG EXCHANGES AND CLEARI 45,572 82,220
    HORMEL FOODS CP 6,358 9,555
    HP INC 4,696 6,393
    HUMANA INC 8,674 17,231
    IBERDROLA SA 22,120 43,720
    IMPERIAL TOBACCO ORD 11,245 8,709
    INDITEX 42,897 46,772
    INTEL CORP 52,174 55,499
    INTERCONTINENTAL EXCHANGE, INC 14,052 26,978
    JP MORGAN CHASE 46,778 71,667
    KASPI.KZ JOINT STOCK CO 18,528 24,559
    KERING 6,859 9,455
    KLA TENCOR CORP 29,673 47,898
    KONINKLIJKE KPN NV 34,372 33,819
    KRAFT HEINZ CO 7,953 8,492
    L3HARRIS TECHNOLOGIES 10,708 10,396
    LAS VEGAS SANDS CORP 13,888 19,012
    LINDE PLC COM 8,010 12,912
    LINK REAL ESTATE INVESTMENT 43,402 60,933
    LOCKHEED MARTIN CORP 17,115 15,974
    LONGFOR PROPERTIES CO LTD 7,604 35,155
    LYONDELLBASELL INDUSTRIES NV 13,348 17,415
    MARSH AND MCLENNAN COMPANIES I 28,532 59,787
    MERCK & CO INC 52,285 58,242
    MICROSOFT CORP 33,732 149,021
    MONDELEZ INTERNATIONAL INC 10,241 13,799
    MOODYS CORP 8,322 24,090
    MSCI INC 7,614 16,522
    NASDAQ OMX GROUP 6,017 8,628
    NATIONAL GRID TRANSC 30,409 29,779
    NESTLE S.A 16,837 27,094
    NESTLE SA CHAM ET VE OTC 31,324 45,410
    NETAPP, INC 28,653 35,306
    NETFLIX INC 8,944 13,518
    NEUROCRINE BIOSCIENCES, INC 12,229 14,378
    NEXTERA ENERGY, INC 3,177 6,481
    NIKE INC-CL B 13,152 35,085
    NORFOLK SOUTHERN CORP 40,361 48,472
    NORTHROP GRUMMAN CORP 35,752 39,309
    NOVO NORDISK A S 9,094 12,922
    PARTNERS GROUP 14,466 23,400
    PAYCHEX 12,003 18,636
    PEPSICO INC 28,815 32,329
    PHILIP MORRIS INTL 96,797 94,298
    PING AN INSURANCE 5,173 6,126
    PNC FINANCIAL GROUP INC 24,760 31,439
    PROCTER GAMBLE CO 16,663 30,750
    PUBLIC STORAGE INC 17,159 21,938
    QUALCOMM INC 12,074 26,812
    RAYTHEON TECHNOLOGIES CORP 34,854 39,331
    RECKITT BENCKISER 5,966 6,707
    RECKITT BENCKISER GROUP 7,103 7,248
    RELX PLC 21,915 26,806
    ROCHE HLDG AG DIV RT 14,928 14,238
    ROCHE HOLDING LTD ADR 6,285 6,357
    ROYAL PHILLIPS NV SHS 11,679 15,802
    SAMPO INSURANCE COMPANY LTD OR 5,557 5,282
    SANDS CHINA 37,257 33,187
    SCHLUMBERGER LTD 12,906 7,007
    SEAGEN INC 13,446 42,384
    SEMPRA ENERGY COM 32,679 37,204
    SEMPRA ENERGY PRFD CL A 17,556 17,159
    SERVICE NOW 3,688 7,706
    SHERWIN-WILLIAMS CO 7,527 14,698
    SMALLCAP WORLD FUND CL F3 681,711 1,153,793
    STATE STREET CORPORATION 19,872 20,015
    T. ROWE PRICE GROUP 12,068,065 23,365,480
    TAG IMMOBILIEN AG 5,678 14,956
    TAIWAN SEMICONDUCTOR MFG CO LT 32,869 117,109
    TC ENERGY CORPORATION 37,775 36,444
    TEXAS INSTRUMENTS INC 719,663 1,926,079
    THE COCA-COLA CO 13,211 16,617
    TOTAL SA 24,200 27,772
    TRANSDIGM GRP INC 6,529 18,566
    TRINITY INDUSTRIES, INC 47,611 57,794
    TRUIST FINANCIAL CORPORATION 42,974 49,991
    ULTRAGENYX PHARMACEUTICAL INC 3,246 6,229
    UNIBAIL-RODAMCO SE 2,429 3,239
    UNILEVER ORD 3 1/9P 46,050 49,590
    UNION PACIFIC 5,888 7,496
    UNITEDHEALTH GROUP INC 54,244 96,086
    VALE SA 4,791 4,793
    VERIZON COMMUNICATIONS 19,122 21,209
    VERTEX PHARMCTLS INC 4,474 4,727
    VICI PROPERTIES INC 42,810 49,215
    VISA INC 34,728 96,241
    WASTE CONNECTIONS 23,929 56,208
    WASTE MANAGEMENT INC 4,510 10,260
    YUM BRANDS INC 9,294 12,593
    ZURICH INSURANCE GROUP AG 17,468 25,221

    TY 2020 OtherExpensesSchedule
    Name:
    James S and Gail P Riepe Charitable
     
    Foundation
    EIN:
    52-6287385
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 65,000     65,000
    Bank Charges 123 123    
    Postage/Delivery Service 31     31


    TY 2020 OtherIncomeSchedule2
    Name:
    James S and Gail P Riepe Charitable
     
    Foundation
    EIN:
    52-6287385
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Foreign Currency Gain 689 689  


    TY 2020 OtherIncreasesSchedule
    Name:
    James S and Gail P Riepe Charitable
     
    Foundation
    EIN:
    52-6287385
    Description Amount
    GRANTS OF PUBLICLY TRADED SECURITIES 230,642


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    James S and Gail P Riepe Charitable
     
    Foundation
    EIN:
    52-6287385
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 65,814 65,814    


    TY 2020 TaxesSchedule
    Name:
    James S and Gail P Riepe Charitable
     
    Foundation
    EIN:
    52-6287385
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2020 8,300      
    Foreign Tax Paid 3,849 3,849