Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE GAIL M ASARCH PRIVATE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1601 BELVEDERE ROAD NO 407S
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WEST PALM BEACH, FL33406
A Employer identification number

31-1599647
B Telephone number (see instructions)

(561) 689-6601
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$3,357,455J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 704 704  
4 Dividends and interest from securities... 16,539 16,539  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 367,187
b Gross sales price for all assets on line 6a 1,993,756
7 Capital gain net income (from Part IV, line 2)... 367,187
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 124,116 124,116  
12 Total. Add lines 1 through 11........ 508,546 508,546  
Operating and Administrative Expenses 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)......... Click to see attachment 2,500 0   2,500
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 5,276 5,276   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,507 239   0
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 772 574   198
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 11,055 6,089   2,698
25 Contributions, gifts, grants paid....... 153,605 153,605
26 Total expenses and disbursements. Add lines 24 and 25 164,660 6,089   156,303
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 343,886
b Net investment income (if negative, enter -0-) 502,457
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......... 720,726 275,407 275,407
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) bullet75,000
Less: allowance for doubtful accounts bullet0 75,000 75,000 75,000
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)....... 1,550,570 Click to see attachment1,812,485 2,499,733
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).......... 14,164 Click to see attachment470,146 507,099
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment664,792 Click to see attachment736,100 Click to see attachment216
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,025,252 3,369,138 3,357,455
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........ 1,206,339 1,206,339
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 1,818,913 2,162,799
29 Total net assets or fund balances (see instructions)..... 3,025,252 3,369,138
30 Total liabilities and net assets/fund balances (see instructions). 3,025,252 3,369,138
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
3,025,252
2
Enter amount from Part I, line 27a .....................
2
343,886
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,369,138
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,369,138
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 10K BARCLAYS BANK PLC L/O TC-CYN MDY RTY SPY 06/30/2023 P 2020-06-24 2020-12-29
b 10K CITIGROUP GLOBAL MARKETS L/O TC-CYN EFA IWM SPY 09/18/2024 P 2020-03-13 2020-09-17
c 7.5K GS FINANCE CORP L/O TC-CYN MXEA RTY SPX 06/06/2025 P 2020-03-03 2020-12-07
d 5K GS FINANCE CORP L/O TC-CYN EFA IWM SPY 09/12/2025 P 2020-03-10 2020-06-11
e 2.5K GS FINANCE CORP L/O TC-CYN EFA IWM SPY 09/16/2025 P 2020-03-11 2020-06-15
7.5K MORGAN STANLEY FINANCE L/O TC-CYN EFA IWM SPY 06/17/2025 P 2020-06-12 2020-12-16
604 SHS AT&T INC P   2020-06-01
204 SHS ABBVIE INC P   2020-06-01
141 SHS ALTRIA GROUP INC P   2020-04-20
46 SHS AMER ELECTRIC POWER CO P   2020-06-01
23 SHS AMGEN INC P   2020-06-01
334 SHS BCE INC P   2020-06-01
465 SHS BP PLC P   2020-06-01
263 SHS BRITISH AMER TOBACCO PLC P   2020-06-01
213 SHS CDN IMPERICAL BK COMM P   2020-06-01
172 SHS CHEVRON CORP P   2020-06-01
298 SHS CISCO SYS INC P   2020-06-01
296 SHS COCA COLA CO P   2020-06-01
204 SHS DOMINION ENERGY CORP P   2020-06-01
187 SHS DUKE ENERGY CORP P   2020-06-01
313 SHS ENBRIDGE INC P   2020-06-01
302 SHS EXXON MOBIL CORP P   2020-06-01
139 SHS GILEAD SCIENCES INC P   2020-06-01
391 SHS GLAXO SMITHKLINE PLC P   2020-06-01
761 SHS HUNTINGTON BANCSHARES P   2020-06-01
59 SHS INTL BUSINESS MACH P   2020-06-01
36 SHS KIMBERLY CLARK CORP P   2020-05-05
90 SHS MERCK & CO INC P   2020-06-01
240 SHS NATIONAL GRID PLC P   2020-06-01
137 SHS OCCIDENTAL PETROLEUM CRP P   2020-06-01
81 SHS PNC FINANCIAL SERVICES GROUP P   2020-06-01
396 SHS PPL CORP P   2020-06-01
78 SHS PEPSICO INC P   2020-06-01
524 SHS PFIZER INC P   2020-06-01
238 SHS PHILIP MORRIS INTL INC P   2020-06-01
77 SHS PUBLIC SERVICE ENTERPRISE GROUP INC P   2020-06-01
71 SHS REALTY INCOME CORP P   2020-02-25
498 SHS REGIONS FINANCIAL CORP P   2020-06-01
162 SHS ROYAL DUTCH SHELL PLC P   2020-03-19
241 SHS SOUTHERN CO P   2020-06-01
85 SHS TC ENERGY CORP P   2020-06-01
26 SHS 3M CO P 2020-05-19 2020-06-01
194 SHS UNILVER PLC P   2020-06-01
130 SHS UNITED PARCEL SERVICE INC P   2020-06-01
178 SHS VENTAS INC P   2020-03-19
359 SHS VERIZON COMMUNICATIONS INC P   2020-06-01
692 SHS VODAFONE GROUP PLC P   2020-06-01
150 SHS WELLTOWER INC P   2020-05-11
582 SHS AMCOR PLC P   2020-03-13
261 SHS INVESCO LTD P   2020-04-23
77 SHS TENDER LYONDELLBESELL INDUSTRIES P   2020-03-13
4 SHS ADOBE INC P 2019-07-31 2020-02-18
1 SH ALPHABET INC P 2019-07-31 2020-02-18
2 SHS AMAZON.COM INC P 2019-07-31 2020-05-14
5 SHS AMERICAN TOWER REIT P   2020-02-19
26 SHS BOEING COMPANY P   2020-03-19
31 SHS COMCAST CORP P 2019-07-31 2020-05-12
10 SHS COSTCO WHOLESALE CORP P 2019-07-31 2020-06-10
13 SHS DANAHER CORP P 2019-07-31 2020-06-09
43 SHS WALT DISNEY CO P   2020-05-13
9 SHS FACEBOOK INC P 2019-07-31 2020-06-08
8 SHS FIDELITY NATL INFORMATION SVCS P 2019-06-16 2020-03-17
6 SHS HOME DEPOT INC P 2019-07-31 2020-04-13
12 SHS HONEYWELL INTL INC P   2020-11-20
14 SHS INTERCONTINENTALEXCHANGE GROUP P 2019-07-31 2020-05-12
7 SHS LAUDER ESTEE COS P 2019-07-31 2020-04-13
3 SHS LOWES COMPANIES INC P 2019-07-31 2020-04-13
30 SHS MICROSOFT CORP P 2019-07-31 2020-06-08
1 SH O REILLY AUTOMOTIVE INC P 2019-07-31 2020-05-11
4 SHS PARKER HANNIFIN CORP P 2019-07-31 2020-05-11
12 SHS ROCKWELL AUTOMATION INC P   2020-09-10
1 SH THERMO FISHER SCIENTIFIC INC P 2019-07-31 2020-06-09
13 SHS VISA INC P 2019-07-31 2020-03-17
5 SHS ADOBE INC P 2019-07-31 2020-11-18
3 SHS ALPHABET INC P 2019-07-31 2020-09-09
28 SHS COMCAST CORP P 2019-07-31 2020-09-22
7 SHS DANAHER CORP P 2019-07-31 2020-10-26
6 SHS HOME DEPOT INC P 2019-07-31 2019-07-31
13 SHS HONEYWELL INTL INC P 2019-07-31 2020-11-20
7 SHS LAUDER ESTEE COS P 2019-07-31 2020-09-10
8 SHS LOWES COMPANIES INC P 2019-07-31 2020-09-22
27 SHS MONDELEZ INTL INC P 2019-07-31 2020-11-19
6 SHS ACCENTURE PLC P 2019-07-31 2020-11-19
4 SHS ADYEN NV P 2020-02-24 2020-12-01
1 SH ALLOGENE THERAPEUTICS INC P 2020-06-02 2020-11-30
48 SHS ATRICURE INC P 2020-05-12 2020-10-01
352 SHS AZUL SA P 2020-02-24 2020-05-11
7 SHS BIGCOMMERCE HLDGS INC P 2020-08-05 2020-08-05
3 SHS INARI MED INC P 2020-04-14 2020-11-30
4 SHS INSPIRE MED SYS P 2020-04-14 2020-11-30
1 SH LEGEND BIOTECH CORP P 2020-06-05 2020-10-16
1 SH OUTSET MED INC COM P 2020-09-15 2020-11-30
46 SHS PASSAGE BIO INC P 2020-10-01 2020-11-30
1 SH PULMONX CORP P 2020-10-01 2020-11-30
82 SHS QUIDEL CORP P 2020-03-18 2020-11-30
15 SHS REGENERON PHARMACEUTICALS INC P 2020-03-18 2020-11-30
12 SHS SELECTQUOTE INC P 2020-05-21 2020-07-29
2 SHS SERES THERAPEUTICS INC P 2020-08-13 2020-11-30
2 SHS SHOCKWAVE MED INC P 2020-06-17 2020-11-30
7 SHS SI BONE INC P 2020-10-15 2020-11-30
44 SHS TANDEM DIABETES CAREINC P 2020-02-24 2020-11-30
129 SHS ADOBE INC P 2016-03-14 2020-11-30
42 SHS ALLAKOS INC P 2018-07-19 2020-11-30
577 SHS ARCO PLATFORM LTD P   2020-03-10
133 SHS ATLASSIAN CORPORATION P   2020-11-30
156 SHS DEXCOM INC P 2017-11-30 2020-11-30
917 SHS ENPHASE ENERGY INC P   2020-02-20
64 SHS GLAUKOS CORP P 2015-06-25 2020-11-30
144 SHS HDFC BANK LTD P 2014-04-01 2020-11-30
32 SHS INTUITIVE SURGICAL INC P 2017-03-30 2020-02-18
695 SHS LIBERTY MEDIA CORP P 2016-06-27 2020-11-30
5 SHS MERCADOLIBRE INC P 2016-10-14 2020-11-30
147 SHS MICROSOFT CORP P 2017-07-21 2020-11-30
36 SHS POOL CORP P 2013-06-12 2020-11-30
124 SHS Q2 HOLDINGS INC P 2015-02-27 2020-11-30
862 SHS SILVERCREST METALS INC P 2018-06-15 2020-11-30
315 SHS SITEONE LANDSCAPE SUPPLY INC P   2020-11-30
19 SHS TRANSDIGM GROUP INC P   2020-11-30
1,239 SHS AMG GW&K SMALL/MID P 2015-03-18 2020-04-15
669 SHS AUDENTES THERAPEUTICS P 2019-01-09 2020-01-16
5,084 SHS HARDING LOEVNER INST EMERG P 2017-03-13 2020-12-17
945 SHS ISHARES S&P 500 GRWOTH ETF P 2018-08-21 2020-02-04
631 SHS VANGUARD S&P 500 ETF P 2015-02-09 2020-02-04
2,340 SHS WISDOMTREE US SMALLCAP P 2016-04-20 2020-08-24
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 100,000   100,000 0
b 100,000   100,000 0
c 75,000   75,000 0
d 50,000   50,000 0
e 25,000   25,000 0
75,000   75,000 0
18,794   22,354 -3,560
22,455   20,412 2,043
5,854   6,835 -981
3,936   3,850 86
5,701   5,107 594
14,027   15,898 -1,871
10,954   17,460 -6,506
10,718   10,567 151
14,178   17,439 -3,261
15,970   18,938 -2,968
13,903   12,369 1,534
13,950   16,424 -2,474
17,368   16,839 529
16,351   17,587 -1,236
10,372   12,608 -2,236
13,953   20,015 -6,062
18,542   16,072 2,470
16,373   17,035 -662
6,940   10,736 -3,796
7,393   7,315 78
4,966   5,092 -126
7,158   6,952 206
13,615   14,286 -671
5,120   6,070 -950
10,220   11,038 -818
11,256   13,767 -2,511
10,415   10,827 -412
18,424   20,416 -1,992
17,508   20,709 -3,201
3,990   3,831 159
5,747   5,375 372
5,714   6,773 -1,059
3,609   8,509 -4,900
14,193   14,950 -757
3,832   4,529 -697
4,064   3,886 178
10,527   10,746 -219
12,939   13,625 -686
3,537   10,842 -7,305
19,942   21,163 -1,221
11,665   11,810 -145
6,388   12,712 -6,324
3,971   6,177 -2,206
1,966   4,869 -2,903
3,388   6,485 -3,097
1,519   1,215 304
1,521   1,226 295
4,752   3,784 968
1,260   1,058 202
2,566   8,868 -6,302
1,109   1,351 -242
3,074   2,793 281
2,165   1,850 315
4,763   6,165 -1,402
2,079   1,761 318
908   1,063 -155
1,290   1,300 -10
1,652   1,731 -79
1,314   1,227 87
1,284   1,309 -25
285   309 -24
5,599   4,177 1,422
399   383 16
631   705 -74
2,354   2,093 261
349   283 66
2,074   2,354 -280
2,314   1,519 795
4,640   3,679 961
1,280   1,221 59
1,631   996 635
1,634   1,300 334
2,630   2,252 378
1,529   1,309 220
1,287   825 462
1,616   1,527 89
1,451   1,171 280
7,729   3,612 4,117
31   47 -16
1,844   2,112 -268
2,386   12,877 -10,491
514   168 346
196   57 139
736   232 504
28   23 5
62   27 35
865   828 37
55   19 36
15,442   7,360 8,082
7,653   7,014 639
211   240 -29
55   43 12
195   92 103
157   154 3
4,032   3,820 212
51,316   11,476 39,840
4,344   756 3,588
27,357   11,908 15,449
23,834   3,750 20,084
46,777   9,243 37,534
38,707   5,754 32,953
4,302   1,928 2,374
9,817   2,999 6,818
20,658   8,321 12,337
17,454   9,736 7,718
7,514   840 6,674
28,675   11,066 17,609
12,234   1,930 10,304
14,039   2,449 11,590
7,247   1,918 5,329
38,067   7,962 30,105
10,941   2,033 8,908
18,582   19,450 -868
40,140   16,108 24,032
128,675   93,020 35,655
192,626   162,653 29,973
191,066   118,372 72,694
52,602   55,069 -2,467
4,746     4,746
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       0
b       0
c       0
d       0
e       0
      0
      -3,560
      2,043
      -981
      86
      594
      -1,871
      -6,506
      151
      -3,261
      -2,968
      1,534
      -2,474
      529
      -1,236
      -2,236
      -6,062
      2,470
      -662
      -3,796
      78
      -126
      206
      -671
      -950
      -818
      -2,511
      -412
      -1,992
      -3,201
      159
      372
      -1,059
      -4,900
      -757
      -697
      178
      -219
      -686
      -7,305
      -1,221
      -145
      -6,324
      -2,206
      -2,903
      -3,097
      304
      295
      968
      202
      -6,302
      -242
      281
      315
      -1,402
      318
      -155
      -10
      -79
      87
      -25
      -24
      1,422
      16
      -74
      261
      66
      -280
      795
      961
      59
      635
      334
      378
      220
      462
      89
      280
      4,117
      -16
      -268
      -10,491
      346
      139
      504
      5
      35
      37
      36
      8,082
      639
      -29
      12
      103
      3
      212
      39,840
      3,588
      15,449
      20,084
      37,534
      32,953
      2,374
      6,818
      12,337
      7,718
      6,674
      17,609
      10,304
      11,590
      5,329
      30,105
      8,908
      -868
      24,032
      35,655
      29,973
      72,694
      -2,467
      4,746
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 2 367,187
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 6,984
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 6,984
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 6,984
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,000
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 2,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 12
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 4,996
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletGAIL M ASARCH Telephone no.bullet (561) 689-6601

    Located atbullet1601 BELVEDERE ROAD SUITE 407SWEST PALM BEACHFL ZIP+4bullet33406
    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
     
     
    .........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
    GAIL M ASARCH DIRECTOR
    5.00     		0 0 0
    1601 BELVEDERE ROAD STE 407S
    WEST PALM BEACH,FL33406
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    2,721,133
    b
    Average of monthly cash balances.......................
    1b
    355,315
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,076,448
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    3,076,448
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    46,147
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,030,301
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    151,515
    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
    151,515
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    6,984
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,984
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    144,531
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    144,531
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    144,531
    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
    156,303
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    156,303
    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
    156,303
    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 7 144,531
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019...... 38,069
    fTotal of lines 3a through e........ 38,069
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 156,303
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 144,531
    e Remaining amount distributed out of corpus 11,772
    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 49,841
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		49,841
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019.... 38,069
    e Excess from 2020.... 11,772
    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 M ASARCH
    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
    AFMDA
    352 SEVENTH AVENUE SUITE 400
    NEW YORK,NY10001     		NOT RELATED PUBLIC CHARITY GENERAL PURPOSE 325
    AMERICAN FRIENDS OF THE HEBREW UNIVERSITY
    ONE BATTERY PARK PLAZA 25TH FLOOR
    NEW YORK,NY10004     		NOT RELATED PUBLIC CHARITY GENERAL PURPOSE 1,000
    BARRINGTON STAGE COMPANY
    122 NORTH STREET
    PITTSFIELD,MA01201     		NOT RELATED PUBLIC CHARITY GENERAL PURPOSE 2,000
    BOSTON POPS SYMPHONY ORCHESTRA
    301 MASSACHUSETTS AVENUE
    BOSTON,MA02115     		NOT RELATED PUBLIC CHARITY GENERAL PURPOSE 2,500
    JEWISH FEDERATION OF PALM BEACH COUNTY
    1 HARVARD CIR 100
    WEST PALM BEACH,FL33409     		NOT RELATED PUBLIC CHARITY GENERAL PURPOSE 100,000
    JEWISH FEDERATION OF SOUTH PALM BEACH COUNTY
    9901 DONNA KLEIN BLVD
    BOCA RATON,FL334281788     		NOT RELATED PUBLIC CHARITY GENERAL PURPOSE 19,000
    JEWISH NATIONAL FUND
    42 EAST 69TH STREET
    NEW YORK,NY10021     		NOT RELATED PUBLIC CHARITY GENERAL PURPOSE 10,000
    KRAVIS CENTER FOR THE PERFORMING ARTS
    701 OKEECHOBEE BLVD
    WEST PALM BEACH,FL33401     		NOT RELATED PUBLIC CHARITY GENERAL PURPOSE 8,230
    RUTH RALES JEWISH FAMILY SERVICES
    21300 RUTH AND BARON COLEMAN BLVD
    BOCA RATON,FL334281757     		NOT RELATED PUBLIC CHARITY GENERAL PURPOSE 500
    WASHINGTON INSTITUTE FOR NEAR EAST POLICY
    1111 19TH STREET NW SUITE 500
    WASHINGTON,DC20036     		NOT RELATED PUBLIC CHARITY GENERAL PURPOSE 10,050
    Total .................................bullet 3a 153,605
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 704  
    4 Dividends and interest from securities....     14 16,539  
    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.....     14 124,116  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 367,187  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPFIC MARK-TO-MARKET GAIN/(LOSS)     		    14    
    b45 RAVINE AVENUE REALTY LLC - PROMISSORY NOTE INTEREST     14    
    cUNREALIZED INVESTMENT APPREC./(DEPREC.)     18    
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 508,546 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    508,546
    (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

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE GAIL M ASARCH PRIVATE FOUNDATION
    EIN:
    31-1599647
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1,627.907 SHS MATTHEWS ASIA GROWTH 63,020 64,823
    2,960.0330 SHS JPMORGAN SMALL CAP EQTY 163,809 204,390
    30,000 UNITS BARCLAYS BANK PLC L/O TC-CYN MXEA RTY SPX 08/21/2023 300,000 300,000
    7,500 UNITS UBS AG L/O TC-CYN EFA IWM SPY 75,000 72,000
    7,500 UNITS BANK OF NOVA SCOTIA L/O TC-CYN EFA IWM SPY 75,000 72,150
    10,000 UNITS CITIGROUP GLOBAL MARKETS L/O TC-CYN EFA IWM SPY 100,000 99,100
    7,500 UNITS CREDIT SUISSE AG L/O TC-CYN MXEA RTY SPX 75,000 75,000
    7,500 UNITS MORGAN STANLEY FINANCE L/O TC-CYN EFA IWM SPY 75,000 74,663
    7,500 UNITS BARCLAYS BANK PLC L/O TC-CYN EFA IWM SPY 75,000 74,100
    10,000 UNITS UBS AG L/O TC-CYN EFA IWM SPY 100,000 98,700
    7,500 UNITS BOFA FINANCE LLC L/O TC-CYN EFA IWM SPY 75,000 73,575
    5,198.525 SHS HARDING LOEVNER INST EMRG MKTS 84,275 147,742
    213 SHS ADOBE INC 24,124 78,474
    948.652 SHS FIDELITY EMERGING ASIA 63,020 64,802
    137 SHS MICROSOFT CORP 21,591 30,472
    660 SHS ISHARES US MEDICAL DEVICES ETF 99,232 216,081
    30 SHS ACCENTURE PLC 7,092 9,404
    13 SHS ALPHABET INC 17,310 22,784
    9 SHS AMAZON INC 17,701 29,312
    34 SHS AMERICAN TOWER CORP 7,762 7,632
    40 SHS AMERIPRISE FINANCIAL INC 6,406 7,773
    149 SHS APPLE INC 15,039 19,771
    137 SHS COMCAST CORP 5,824 7,179
    9 SHS COSTCO WHOLESALE CORP 2,729 3,391
    29 SHS DANAHER CORP 4,446 6,442
    26 SHS DOLLAR GENERAL CORP 4,928 5,468
    69 SHS FACEBOOK INC 13,907 18,848
    56 SHS FIDELITY NATL INFORMATION SVCS 7,857 7,922
    22 SHS HOME DEPOT INC 5,028 5,844
    31 SHS HONEYWELL INTL INC 5,546 6,594
    47 SHS INTERCONTINENTAL EXCHANGE GROUP 4,166 5,419
    12 SHS LAUDER ESTEE COS 2,408 3,194
    41 SHS LOWES COMPANIES INC 4,642 6,581
    70 SHS MEDTRONIC PLC 7,591 8,200
    77 SHS MONDELEZ INTL INC 4,254 4,502
    15 SHS O'REILLY AUTOMOTIVE INC 5,886 6,789
    26 SHS PARKER HANNIFIN CORP 5,354 7,083
    12 SHS ROCKWELL AUTOMATION INC 2,358 3,010
    33 SHS SALESFORCE INC 6,396 7,343
    8 SHS SHERWIN WILLIAMS CO 4,424 5,879
    22 SHS THERMO FISHER SCIENTIFIC INC 6,682 10,247
    121 SHS TJX COS INC 6,984 8,263
    43 SHS UNITEDHEALTH GROUP INC 11,619 15,079
    59 SHS VISA INC 11,490 12,905
    NATIONAL FINANCIAL SERVICES 137,585 490,803

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE GAIL M ASARCH PRIVATE FOUNDATION
    EIN:
    31-1599647
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CAZ PRIVATE EQUITY OWNERSHIP FUND II LP FMV 29,833 46,629
    SKYE GLOBAL FUND LTD FMV 240,313 260,470
    VERITION MULTI-STRAT FUND LLC FMV 200,000 200,000

    TY 2020 LegalFeesSchedule
    Name:
    THE GAIL M ASARCH PRIVATE FOUNDATION
    EIN:
    31-1599647
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 2,500 0   2,500


    TY 2020 OtherAssetsSchedule
    Name:
    THE GAIL M ASARCH PRIVATE FOUNDATION
    EIN:
    31-1599647
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDEND RECEIVABLE 322 216 216
    OTHER INVESTMENTS MARK-TO-MARKET ADJUSTMENT 664,470 735,884  


    TY 2020 OtherExpensesSchedule
    Name:
    THE GAIL M ASARCH PRIVATE FOUNDATION
    EIN:
    31-1599647
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CREDIT CARD FEES 198 0   198
    PORTFOLIO DEDUCTIONS - CAZ PRIVATE EQUITY OWNERSHIP FUND II LP 433 433   0
    INVESTMENT INTEREST - CAZ PRIVATE EQUITY OWNERSHIP FUND II LP 141 141   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE GAIL M ASARCH PRIVATE FOUNDATION
    EIN:
    31-1599647
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    UBS FINL SERVICES #3K-02007 - MAKE WHOLE PAYMENT 83,803 83,803 83,803
    SKYE GLOBAL FUND 40,313 40,313 40,313


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE GAIL M ASARCH PRIVATE FOUNDATION
    EIN:
    31-1599647
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 5,276 5,276   0


    TY 2020 TaxesSchedule
    Name:
    THE GAIL M ASARCH PRIVATE FOUNDATION
    EIN:
    31-1599647
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD 239 239   0
    EXCISE TAXES 2,268 0   0