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
WILLIAM S PALEY FOUNDATION INC
co BENCIVENGA WARD & COMPANY CPAs PC
Number and street (or P.O. box number if mail is not delivered to street address)420 COLUMBUS AVENUE 304
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
VALHALLA, NY10595
A Employer identification number

13-6085929
B Telephone number (see instructions)

(914) 769-5005
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$158,739,904J 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 9,097 9,097  
4 Dividends and interest from securities... 1,171,536 1,171,536  
5a Gross rents............ 1,032,187 1,032,187  
b Net rental income or (loss) 454,642
6a Net gain or (loss) from sale of assets not on line 10 14,462,600
b Gross sales price for all assets on line 6a 57,303,413
7 Capital gain net income (from Part IV, line 2)... 14,462,600
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 7,796 7,796  
12 Total. Add lines 1 through 11........ 16,683,216 16,683,216  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 100,262 50,131   50,131
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 52,609 5,261   33,889
b Accounting fees (attach schedule)....... Click to see attachment 154,800 15,480   141,121
c Other professional fees (attach schedule).... Click to see attachment 1,302,384 1,284,103   30,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 261,415 52,852   4,070
19 Depreciation (attach schedule) and depletion... Click to see attachment 80,216    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 585,691 577,545   9,011
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,537,377 1,985,372   268,222
25 Contributions, gifts, grants paid....... 5,242,218 6,237,643
26 Total expenses and disbursements. Add lines 24 and 25 7,779,595 1,985,372   6,505,865
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 8,903,621
b Net investment income (if negative, enter -0-) 14,697,844
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............. 438,482 836,305 836,305
2 Savings and temporary cash investments......... 3,297,004 4,658,704 4,658,704
3 Accounts receivable bullet191,354
Less: allowance for doubtful accounts bullet   115,111 191,354 191,354
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.......... 6,945 7,041 7,041
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 81,921,191 Click to see attachment61,765,543 61,765,543
c Investments—corporate bonds (attach schedule)....... 9,072,774 Click to see attachment20,889,870 20,889,870
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 27,149,738 Click to see attachment45,391,087 45,391,087
14 Land, buildings, and equipment: basis bullet3,466,422
Less: accumulated depreciation (attach schedule) bullet1,553,350 1,927,254 Click to see attachment1,913,072 25,000,000
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 123,928,499 135,652,976 158,739,904
Liabilities 17 Accounts payable and accrued expenses.......... 384,430 371,625
18 Grants payable................. 4,470,304 3,474,879
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) Click to see attachment82,026,778 Click to see attachment91,547,469
23 Total liabilities (add lines 17 through 22)......... 86,881,512 95,393,973
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........... 37,046,987  
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    
29 Total net assets or fund balances (see instructions)..... 37,046,987 40,259,003
30 Total liabilities and net assets/fund balances (see instructions). 123,928,499 135,652,976
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
37,046,987
2
Enter amount from Part I, line 27a .....................
2
8,903,621
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
3,692,902
4
Add lines 1, 2, and 3 ..........................
4
49,643,510
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
9,384,507
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
40,259,003
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 61209 A2 MILK CO LTD ISIN NZATME0002S8 SEDOL BWSRTS7 P 2019-01-01 2020-12-31
b 4147 ALCON INC P 2019-01-01 2020-12-31
c 2482 ALLEGION PLC P 2019-01-01 2020-12-31
d 602 ALPHABET INC-CL A P 2019-01-01 2020-12-31
e 3725 ALPHABET INC-CL C P 2019-01-01 2020-12-31
938 AMAZON.COM INC P 2019-01-01 2020-12-31
4160 ARISTA NETWORKS INC P 2019-01-01 2020-12-31
2593 ARTHUR J GALLAGHER & CO P 2019-01-01 2020-12-31
2301 BAXTER INTERNATIONAL INC P 2019-01-01 2020-12-31
5 BERKSHIRE HATHAWAY INC-CL A P 2019-01-01 2020-12-31
10161 BERKSHIRE HATHAWAY INC-CL B P 2019-01-01 2020-12-31
100035.074 BLCKRCK HI YLD BND PORT-K P 2019-01-01 2020-12-31
1458 BOOKING HOLDINGS INC P 2019-01-01 2020-12-31
3206 BRIGHT HORIZONS FAMILY SOLUT P 2019-01-01 2020-12-31
4765 BROWN-FORMAN CORP-CLASS B P 2019-01-01 2020-12-31
26987 CARMAX INC P 2019-01-01 2020-12-31
2775 CELANESE CORP P 2019-01-01 2020-12-31
2174 COLGATE-PALMOLIVE CO P 2019-01-01 2020-12-31
21527 COMCAST CORP-CLASS A P 2019-01-01 2020-12-31
1506 CONSTELLATION SOFTWARE INC ISIN CA21037X1006 SEDOL B15C4L6 P 2019-01-01 2020-12-31
6059 COPART INC P 2019-01-01 2020-12-31
361 COSTCO WHOLESALE CORP P 2019-01-01 2020-12-31
2536 CREDIT ACCEPTANCE CORP P 2019-01-01 2020-12-31
2221 DIAGEO PLC-SPONSORED ADR P 2019-01-01 2020-12-31
2171 DOLLAR GENERAL CORP P 2019-01-01 2020-12-31
1442 EUROFINS SCIENTIFIC ISIN FR0000038259 SEDOL 5972643 P 2019-01-01 2020-12-31
934 FLEETCOR TECHNOLOGIES INC P 2019-01-01 2020-12-31
2900 HENRY SCHEIN INC P 2019-01-01 2020-12-31
Himalaya - Managed P 2019-01-01 2020-12-31
Himalaya - Park P 2019-01-01 2020-12-31
Himalaya - PCM P 2019-01-01 2020-12-31
51333 HISCOX LTD ISIN BMG4593F1389 SEDOL BVZHXQ9 P 2019-01-01 2020-12-31
1963 ISHARES 20+ YEAR TREASURY BO P 2019-01-01 2020-12-31
8286 ISHARES 7-10 YEAR TREASURY B P 2019-01-01 2020-12-31
17123 ISHARES US TREASURY BOND ETF P 2019-01-01 2020-12-31
16138 JACOBS ENGINEERING GROUP INC P 2019-01-01 2020-12-31
9314.689 JPM CORE PLUS BD FD - R6 FUND 3939 P 2019-01-01 2020-12-31
43724.572 JPM HIGH YIELD FD - USD - R6 ISIN US4812C01260 SEDOL B06G8K7 P 2019-01-01 2020-12-31
0 JPM MTGE BACKED SEC FD - R6 FUND 3942 P 2019-01-01 2020-12-31
668 KLA CORPORATION COM NEW P 2019-01-01 2020-12-31
1762 LIBERTY BROADBAND-A P 2019-01-01 2020-12-31
8747 LIBERTY BROADBAND-C P 2019-01-01 2020-12-31
90 LIBERTY MEDIA CORP-LIBERTY-A P 2019-01-01 2020-12-31
23652 LIBERTY MEDIA CORP-LIBERTY-C P 2019-01-01 2020-12-31
302 LINDE PLC P 2019-01-01 2020-12-31
170240.43 LORD ABBETT SHRT DUR INC-F3 P 2019-01-01 2020-12-31
930 MASTERCARD INC - A P 2019-01-01 2020-12-31
565420 MELROSE INDUSTRIES PLC ISIN GB00BZ1G4322 SEDOL BZ1G432 P 2019-01-01 2020-12-31
4973 META PLATFORMS INC P 2019-01-01 2020-12-31
8045 NASPERS LTD-N SHS ISIN ZAE000015889 SEDOL 6622691 P 2019-01-01 2020-12-31
1682 NESTLE SA-SPONS ADR P 2019-01-01 2020-12-31
1516 NIKE INC -CL B P 2019-01-01 2020-12-31
8348 NOVARTIS AG-SPONSORED ADR P 2019-01-01 2020-12-31
17331 ORACLE CORP P 2019-01-01 2020-12-31
2332 PERRIGO CO PLC P 2019-01-01 2020-12-31
115120.692 PGIM HIGH YIELD-Q P 2019-01-01 2020-12-31
73267.818 PIMCO INCOME FUND-INS P 2019-01-01 2020-12-31
165973.967 PIMCO INTL BND USD HGD-INS P 2019-01-01 2020-12-31
28086.303 PIMCO SHORT-TERM FUND-INST P 2019-01-01 2020-12-31
1937 PROGRESSIVE CORP P 2019-01-01 2020-12-31
5991 PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3 P 2019-01-01 2020-12-31
11309974 ROLLS-ROYCE HLD --- NON-CUM RED PFDREGISTERED SHS -C- ISIN GB00BKT6BP09 SEDOL BKT6BP0 P 2019-01-01 2020-12-31
107715 ROLLS-ROYCE HOLDINGS PLC ISIN GB00B63H8491 SEDOL B63H849 P 2019-01-01 2020-12-31
575759 RTS ROLLS-ROYCE HOLDINGS PLC-NIL ISIN GB00BJP49W43 SEDOL BJP49W4 P 2019-01-01 2020-12-31
29459 SCHWAB (CHARLES) CORP P 2019-01-01 2020-12-31
Select Equity Fund - Managed P 2019-01-01 2020-12-31
Select Equity Fund - Park P 2019-01-01 2020-12-31
Select Equity Fund -PCM P 2019-01-01 2020-12-31
7838 SMITH (A.O.) CORP P 2019-01-01 2020-12-31
1528 STARBUCKS CORP P 2019-01-01 2020-12-31
6960 TAIWAN SEMICONDUCTOR-SP ADR P 2019-01-01 2020-12-31
275 THERMO FISHER SCIENTIFIC INC P 2019-01-01 2020-12-31
11464 UNILEVER N V -NY SHARES P 2019-01-01 2020-12-31
2216 UNITEDHEALTH GROUP INC P 2019-01-01 2020-12-31
20255 US BANCORP P 2019-01-01 2020-12-31
0 VANGUARD P 2019-01-01 2020-12-31
14552.809 VANGUARD TOT BD MKT IDX-ADM P 2019-01-01 2020-12-31
455 VANGUARD TOTAL BOND MARKET P 2019-01-01 2020-12-31
0 VANGUARD TOTAL INTL BOND ETF P 2019-01-01 2020-12-31
0 VANGUARD TTL INTL BND-ADM P 2019-01-01 2020-12-31
8975 VISA INC-CLASS A SHARES P 2019-01-01 2020-12-31
33287 VIVENDI SE ISIN FR0000127771 SEDOL 4834777 P 2019-01-01 2020-12-31
519 WALT DISNEY CO/THE P 2019-01-01 2020-12-31
2131 WASTE MANAGEMENT INC P 2019-01-01 2020-12-31
21389 WAYFAIR INC- CLASS A P 2019-01-01 2020-12-31
2050 ZOETIS INC P 2019-01-01 2020-12-31
(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 651,759   486,601 165,158
b 265,929   243,696 22,233
c 278,697   229,807 48,890
d 807,518   152,592 654,926
e 5,276,250   2,766,663 2,509,587
2,528,263   1,045,405 1,482,858
873,780   837,567 36,213
320,929   241,291 79,638
182,372   187,622 -5,250
1,488,967   211,809 1,277,158
2,048,251   382,902 1,665,349
737,529   736,033 1,496
2,293,217   2,413,086 -119,869
234,112   485,814 -251,702
360,634   251,095 109,539
1,946,483   1,559,638 386,845
362,982   227,099 135,883
184,604   142,896 41,708
858,506   579,638 278,868
1,503,365   614,444 888,921
677,377   322,717 354,660
130,582   102,645 27,937
933,356   731,068 202,288
346,612   255,670 90,942
440,884   231,731 209,153
768,423   656,394 112,029
254,123   132,594 121,529
193,801   175,441 18,360
4,479     4,479
2,988     2,988
7,900     7,900
700,734   480,972 219,762
321,788   277,236 44,552
1,007,664   883,718 123,946
478,064   480,003 -1,939
1,433,370   814,771 618,599
101,625   80,945 20,680
306,072   286,908 19,164
5,448     5,448
171,852   66,514 105,338
214,873   148,091 66,782
1,098,140   723,964 374,176
3,907   2,605 1,302
823,897   616,370 207,527
64,795   52,156 12,639
716,712   710,877 5,835
309,926   262,983 46,943
1,085,215   1,231,119 -145,904
986,151   902,753 83,398
1,238,546   2,334,370 -1,095,824
187,841   28,353 159,488
216,685   136,535 80,150
747,663   190,195 557,468
959,795   749,276 210,519
103,639   280,972 -177,333
602,681   602,968 -287
825,118   882,877 -57,759
1,796,066   1,807,926 -11,860
273,841   275,145 -1,304
190,016   148,240 41,776
453,674   478,351 -24,677
14,884   14,554 330
622,760   1,117,898 -495,138
443,842   1,132,143 -688,301
1,144,526   946,575 197,951
238,035     238,035
175,395     175,395
400,902     400,902
426,496   365,018 61,478
156,428   142,524 13,904
410,500   344,649 65,851
127,647   119,811 7,836
605,551   355,130 250,421
612,921   634,146 -21,225
736,458   897,846 -161,388
259     259
165,135   165,902 -767
40,498   40,364 134
736     736
6,660     6,660
1,656,208   601,133 1,055,075
861,563   904,785 -43,222
60,239   64,075 -3,836
239,196   246,735 -7,539
3,435,307   2,322,420 1,112,887
330,797   83,954 246,843
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       165,158
b       22,233
c       48,890
d       654,926
e       2,509,587
      1,482,858
      36,213
      79,638
      -5,250
      1,277,158
      1,665,349
      1,496
      -119,869
      -251,702
      109,539
      386,845
      135,883
      41,708
      278,868
      888,921
      354,660
      27,937
      202,288
      90,942
      209,153
      112,029
      121,529
      18,360
      4,479
      2,988
      7,900
      219,762
      44,552
      123,946
      -1,939
      618,599
      20,680
      19,164
      5,448
      105,338
      66,782
      374,176
      1,302
      207,527
      12,639
      5,835
      46,943
      -145,904
      83,398
      -1,095,824
      159,488
      80,150
      557,468
      210,519
      -177,333
      -287
      -57,759
      -11,860
      -1,304
      41,776
      -24,677
      330
      -495,138
      -688,301
      197,951
      238,035
      175,395
      400,902
      61,478
      13,904
      65,851
      7,836
      250,421
      -21,225
      -161,388
      259
      -767
      134
      736
      6,660
      1,055,075
      -43,222
      -3,836
      -7,539
      1,112,887
      246,843
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 14,462,600
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................................ 1 204,300
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........................... 3 204,300
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- ..... 5 204,300
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 327,292
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 327,292
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 940
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 10 122,052
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet122,052 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)
    bulletNY
    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 ofbulletLEONARD J BENCIVENGA CPA Telephone no.bullet (914) 769-5005

    Located atbullet420 COLUMBUS AVENUE SUITE 304VALHALLANY ZIP+4bullet105951382
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........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
    PATRICK S GALLAGHER Executive Dir.
    5.00     		100,262    
    420 COLUMBUS AVENUE SUITE 304
    VALHALLA,NY10595
    HENRY A KISSINGER CHAIRMAN/DIR
    1.00     		0    
    420 COLUMBUS AVENUE SUITE 304
    VALHALLA,NY10595
    WILLIAM C PALEY VICE PRES/DIR
    1.00     		0    
    420 COLUMBUS AVENUE SUITE 304
    VALHALLA,NY10595
    DANIEL L MOSLEY TREAS&SEC/DIR
    1.00     		0    
    420 COLUMBUS AVENUE SUITE 304
    VALHALLA,NY10595
    FAIZA J SAEED Director
    1.00     		0    
    420 COLUMBUS AVENUE SUITE 304
    VALHALLA,NY10595
    JACQUELINE SCALISI Director
    1.00     		0    
    420 COLUMBUS AVENUE SUITE 304
    VALHALLA,NY10595
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    RUANE CUNNIFF & CO ADVISORY & CUSTODY 450,755
    767 FIFTH AVENUE
    NEW YORK,NY10153
    BENCIVENGA WARD & COMPANY CPAS ACCOUNTING & TAX 118,767
    420 COLUMBUS AVENUE SUITE 304
    VALHALLA,NY10595
    BROWN BROTHERS HARRIMAN ADVISORY & CUSTODY 213,632
    140 BROADWAY
    NEW YORK,NY10005
    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
    115,375,418
    b
    Average of monthly cash balances.......................
    1b
    538,555
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    115,913,973
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    115,913,973
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,738,710
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    114,175,263
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,708,763
    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
    5,708,763
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    204,300
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    204,300
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,504,463
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    5,504,463
    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
    5,504,463
    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
    6,505,865
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    106,033
    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
    6,611,898
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    6,611,898
    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 5,504,463
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016...... 1,257,659
    c From 2017...... 1,097,330
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 2,354,989
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 6,611,898
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 5,504,463
    e Remaining amount distributed out of corpus 1,107,435
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 3,462,424
    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 ......     		3,462,424
    10 Analysis of line 9:
    a Excess from 2016.... 1,257,659
    b Excess from 2017.... 1,097,330
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 1,107,435
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    PATRICK S GALLAGHER
    420 COLUMBUS AVENUE SUITE 304
    VALHALLA,NY105951382
    bThe form in which applications should be submitted and information and materials they should include:
    NO PARTICULAR FORM REQUIRED, BUT FULL FINANCIAL INFORMATION SHOULD BE DISCLOSED.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    UNDER THE PROVISION OF THE FOUNDATION'S CHARTER, NO GRANTS MAY BE MADE TO INDIVIDUALS.
    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
    THE GREENPARK FOUNDATION
    420 COLUMBUS AVENUE SUITE 304
    VALHALLA,NY10595     		NONE POF PALEY PARK - PROGRAM SUPPORT 600,000
    THE JERUSALEM FOUNDATION
    60 EAST 42ND STREET
    NEW YORK,NY10165     		NONE PC PALEY ART CENTER 100,000
    THE MUSEUM OF MODERN ART
    11 WEST 53RD STREET
    NEW YORK,NY10019     		NONE PC GENERAL OPERATING SUPPORT 110,000
    THE PALEY CENTER FOR MEDIA
    25 WEST 52ND STREET
    NEW YORK,NY10019     		NONE PC GENERAL OPERATING SUPPORT 2,539,653
    THE PALEY CENTER FOR MEDIA
    25 WEST 52ND STREET
    NEW YORK,NY10019     		NONE PC PALEY TELEVISON FESTIVAL 500,000
    THE PALEY CENTER FOR MEDIA
    25 WEST 52ND STREET
    NEW YORK,NY10019     		NONE PC GENERAL OPERATING SUPPORT 50,000
    NEW YORK PRESBYTERIAN HOSPTIAL
    525 EAST 68TH STREET BOX 123
    NEW YORK,NY10065     		NONE PC GENERAL OPERATING SUPPORT 10,000
    NORTHWEST CENTER FOR THE ARTS
    68 MAIN STREET
    TORRINGTON,CT06790     		NONE PC GENERAL OPERATING SUPPORT 10,000
    GREENWICH LIBRARY
    101 WEST PUTNAM AVENUE
    GREENWICH,CT06830     		NONE PC GENERAL OPERATING SUPPORT 2,500
    BOYS GIRLS CLUB OF GREENWICH
    4 HORSENECK LANE
    GREENWICH,CT06830     		NONE PC GENERAL OPERATING SUPPORT 2,500
    COLUMBIA UNIVERSITY
    475 RIVERSIDE DRIVE
    NEW YORK,NY10015     		NONE PC DEPT OF OPHTHALMOLOGY 2,000
    FRIENDS OF VIRGIN ISLAND NATIONAL P
    PO BOX 811
    ST JOHNS,ST JOHNS00831
    VQ     		NONE PC GENERAL OPERATING SUPPORT 10,000
    WEST HILL POND ASSOCIATION
    29 WHITE PINE LANE
    WEST HARTFORD,CT06107     		NONE PC GENERAL OPERATING SUPPORT 2,500
    VOICES OF ASCENSION
    12 WEST 11TH STREET
    NEW YORK,NY10011     		NONE PC GENERAL OPERATING SUPPORT 10,000
    MADISON SQUARE BOYS GIRLS CLUB INC
    733 THIRD AVENUE FLOOR 2
    NEW YORK,NY10017     		NONE PC GENERAL OPERATING SUPPORT 15,000
    CENTER FOR STRATEGIC INTERNATIONAL
    1616 RHODE ISLAND AVENUE NW
    WASHINGTON,DC20036     		NONE PC GENERAL OPERATING SUPPORT 15,000
    AMERICAN ACADEMY IN BERLIN
    14 EAST 60TH STREET
    NEW YORK,NY10022     		NONE PC GENERAL OPERATING SUPPORT 7,500
    THE ROCKFELLER UNIVERSITY
    1230 YORK AVENUE BOX 164
    NEW YORK,NY10065     		NONE PC GENERAL OPERATING SUPPORT 12,500
    MICHAEL'S CAUSE
    PO Box 120323
    Staten Island,NY10312     		NONE PC General Operating Support 50,000
    WORLD CENTRAL KITCHEN
    655 New York Ave NW 6th Floor
    Washington,DC20001     		NONE PC General Operating Support 100,000
    PORTSMOUTH ABBEY SCHOOL co Matt Wal
    285 Corys Lane
    Portsmouth,RI02871     		NONE PC General Operating Support 10,000
    TOMLINSON MIDDLE SCHOOL PTA
    200 Unquowa Road
    Fairfield,CT06824     		NONE PC General Operating Support 7,500
    GREENWICH ACADEMY
    200 NORTH MAPLE AVENUE
    GREENWICH,CT06830     		NONE PC General Operating Support 35,000
    THE ANIMAL MEDICAL CENTER
    510 EAST 62ND STREET
    NEW YORK,NY10065     		NONE PC General Operating Support 13,000
    WGA CADDIE SCHOLARSHIP FUND
    49 KNOLLWOOD ROAD
    ELMSFORD,NY10523     		NONE PC General Operating Support 1,000
    WEILL CORNELL MEDICINE
    1300 York Avenue Box 314
    New York,NY10065     		NONE PC PHYLLIS AND HARVEY KLEIN MD SCHOLARSHIP FUND 5,000
    THE PALEY CENTER FOR MEDIA
    25 WEST 52 STREET
    NEW YORK,NY10019     		NONE PC INTERNATIONAL SUMMIT ENDOWMENT 2,006,990
    AMERICAN CANCER SOCIETY
    PO BOX 22478
    OKLAHOMA CITY,OK73123     		NONE PC General Operating Support 10,000
    Total .................................bullet 3a 6,237,643
    bApproved for future payment
    THE JERUSALEM FOUNDATION
    60 EAST 42ND STREET
    NEW YORK,NY10165     		NONE PC PALEY ART CENTER 100,000
    THE MUSEUM OF MODERN ART
    11 WEST 53RD STREET
    NEW YORK,NY10019     		NONE PC GENERAL OPERATING SUPPORT 110,000
    THE PALEY CENTER FOR MEDIA
    25 WEST 52ND STREET
    NEW YORK,NY10019     		NONE PC GENERAL PROGRAM 3,239,878
    NY PRESBYTERIAN HOSPITAL
    525 EAST 68TH STREET BOX 123
    NEW YORK,NY10065     		NONE PC GENERAL OPERATING SUPPORT 10,000
    VOICES OF ASCENSION
    12 WEST 11TH STREET
    NEW YORK,NY10011     		NONE PC GENERAL PROGRAM 10,000
    NEW HARTFORD LAND TRUST
    PO BOX 272
    NEW HARTFORD,CT06057     		NONE PC General Operating Support 5,000
    Total .................................bullet 3b 3,474,878
    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 9,097  
    4 Dividends and interest from securities....     14 1,171,536  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 454,642  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 7,796  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 14,462,600  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   16,105,671  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    16,105,671
    (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: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    Form 990PF Part XV Line 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
    THE GREENPARK FOUNDATION420 COLUMBUS AVENUE SUITE 304
    VALHALLA,NY10595     		NONE POF PALEY PARK - PROGRAM SUPPORT 600,000
    THE JERUSALEM FOUNDATION60 EAST 42ND STREET
    NEW YORK,NY10165     		NONE PC PALEY ART CENTER 100,000
    THE MUSEUM OF MODERN ART11 WEST 53RD STREET
    NEW YORK,NY10019     		NONE PC GENERAL OPERATING SUPPORT 110,000
    THE PALEY CENTER FOR MEDIA25 WEST 52ND STREET
    NEW YORK,NY10019     		NONE PC GENERAL OPERATING SUPPORT 2,539,653
    THE PALEY CENTER FOR MEDIA25 WEST 52ND STREET
    NEW YORK,NY10019     		NONE PC PALEY TELEVISON FESTIVAL 500,000
    THE PALEY CENTER FOR MEDIA25 WEST 52ND STREET
    NEW YORK,NY10019     		NONE PC GENERAL OPERATING SUPPORT 50,000
    NEW YORK PRESBYTERIAN HOSPTIAL525 EAST 68TH STREET BOX 123
    NEW YORK,NY10065     		NONE PC GENERAL OPERATING SUPPORT 10,000
    NORTHWEST CENTER FOR THE ARTS68 MAIN STREET
    TORRINGTON,CT06790     		NONE PC GENERAL OPERATING SUPPORT 10,000
    GREENWICH LIBRARY101 WEST PUTNAM AVENUE
    GREENWICH,CT06830     		NONE PC GENERAL OPERATING SUPPORT 2,500
    BOYS GIRLS CLUB OF GREENWICH4 HORSENECK LANE
    GREENWICH,CT06830     		NONE PC GENERAL OPERATING SUPPORT 2,500
    COLUMBIA UNIVERSITY475 RIVERSIDE DRIVE
    NEW YORK,NY10015     		NONE PC DEPT OF OPHTHALMOLOGY 2,000
    FRIENDS OF VIRGIN ISLAND NATIONAL PPO BOX 811
    ST JOHNS,ST JOHNS00831
    VQ     		NONE PC GENERAL OPERATING SUPPORT 10,000
    WEST HILL POND ASSOCIATION29 WHITE PINE LANE
    WEST HARTFORD,CT06107     		NONE PC GENERAL OPERATING SUPPORT 2,500
    VOICES OF ASCENSION12 WEST 11TH STREET
    NEW YORK,NY10011     		NONE PC GENERAL OPERATING SUPPORT 10,000
    MADISON SQUARE BOYS GIRLS CLUB INC733 THIRD AVENUE FLOOR 2
    NEW YORK,NY10017     		NONE PC GENERAL OPERATING SUPPORT 15,000
    CENTER FOR STRATEGIC INTERNATIONAL1616 RHODE ISLAND AVENUE NW
    WASHINGTON,DC20036     		NONE PC GENERAL OPERATING SUPPORT 15,000
    AMERICAN ACADEMY IN BERLIN14 EAST 60TH STREET
    NEW YORK,NY10022     		NONE PC GENERAL OPERATING SUPPORT 7,500
    THE ROCKFELLER UNIVERSITY1230 YORK AVENUE BOX 164
    NEW YORK,NY10065     		NONE PC GENERAL OPERATING SUPPORT 12,500
    MICHAEL'S CAUSEPO Box 120323
    Staten Island,NY10312     		NONE PC General Operating Support 50,000
    WORLD CENTRAL KITCHEN655 New York Ave NW 6th Floor
    Washington,DC20001     		NONE PC General Operating Support 100,000
    PORTSMOUTH ABBEY SCHOOL co Matt Wal285 Corys Lane
    Portsmouth,RI02871     		NONE PC General Operating Support 10,000
    TOMLINSON MIDDLE SCHOOL PTA200 Unquowa Road
    Fairfield,CT06824     		NONE PC General Operating Support 7,500
    GREENWICH ACADEMY200 NORTH MAPLE AVENUE
    GREENWICH,CT06830     		NONE PC General Operating Support 35,000
    THE ANIMAL MEDICAL CENTER510 EAST 62ND STREET
    NEW YORK,NY10065     		NONE PC General Operating Support 13,000
    WGA CADDIE SCHOLARSHIP FUND49 KNOLLWOOD ROAD
    ELMSFORD,NY10523     		NONE PC General Operating Support 1,000
    WEILL CORNELL MEDICINE1300 York Avenue Box 314
    New York,NY10065     		NONE PC PHYLLIS AND HARVEY KLEIN MD SCHOLARSHIP FUND 5,000
    THE PALEY CENTER FOR MEDIA25 WEST 52 STREET
    NEW YORK,NY10019     		NONE PC INTERNATIONAL SUMMIT ENDOWMENT 2,006,990
    AMERICAN CANCER SOCIETYPO BOX 22478
    OKLAHOMA CITY,OK73123     		NONE PC General Operating Support 10,000
    Total ...............................bullet 3a 6,237,643
    bApproved for future payment
    THE JERUSALEM FOUNDATION60 EAST 42ND STREET
    NEW YORK,NY10165     		NONE PC PALEY ART CENTER 100,000
    THE MUSEUM OF MODERN ART11 WEST 53RD STREET
    NEW YORK,NY10019     		NONE PC GENERAL OPERATING SUPPORT 110,000
    THE PALEY CENTER FOR MEDIA25 WEST 52ND STREET
    NEW YORK,NY10019     		NONE PC GENERAL PROGRAM 3,239,878
    NY PRESBYTERIAN HOSPITAL525 EAST 68TH STREET BOX 123
    NEW YORK,NY10065     		NONE PC GENERAL OPERATING SUPPORT 10,000
    VOICES OF ASCENSION12 WEST 11TH STREET
    NEW YORK,NY10011     		NONE PC GENERAL PROGRAM 10,000
    NEW HARTFORD LAND TRUSTPO BOX 272
    NEW HARTFORD,CT06057     		NONE PC General Operating Support 5,000
    Total ................................bullet 3b 3,474,878

    TY 2020 AccountingFeesSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDIT 39,000 3,900 0 36,806
    TAX & ACCOUNTING 115,800 11,580 0 104,315

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

    TY 2020 DepreciationSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BUILIDING IMPROVEMENTS 2006-09-28 29,650 12,844 SL 30.0000 988      
    ELEVATOR IMPROVEMENTS 2012-10-01 355,498 85,912 SL 30.0000 11,850      
    LOCAL LAW 11 IMPROVEMENTS 2012-07-01 96,081 24,022 SL 30.0000 3,203      
    ELEVATOR IMPROVEMENTS 2013-10-01 30,562 6,369 SL 30.0000 1,019      
    LOCAL LAW 11 IMPROVEMENTS 2013-07-01 802,108 173,089 SL 30.0000 26,737      
    FRONT GLASS DOORS 2013-12-01 16,425 14,076 SL 7.0000 2,151      
    LOCAL LAW 11 IMPROVEMENT 2014-03-01 119,905 23,316 SL 30.0000 3,997      
    BACKFLOW DEVICE 2015-03-31 5,508 874 SL 30.0000 184      
    STEAM TRAP 2015-03-31 6,147 974 SL 30.0000 205      
    FRONT GLASS DOORS 2015-05-31 4,513 2,956 SL 7.0000 645      
    LOCAL LAW 11 IMPROVEMENTS 2016-10-01 20,882 2,262 SL 30.0000 696      
    LOCAL LAW 26 IMPROVEMENTS 2016-10-13 3,500 380 SL 30.0000 117      
    LOCAL LAW 11 IMPROVEMENTS 2017-07-01 145,866 12,155 SL 30.0000 4,862      
    LOCAL LAW 26 IMPROVEMENTS 2017-07-01 35,553 2,963 SL 30.0000 1,185      
    LOCAL LAW 11 IMPROVEMENTS 2018-07-01 248,165 12,408 SL 30.0000 8,272      
    AC COMPRESSOR 2018-07-01 6,870 1,472 SL 7.0000 981      
    STORAGE TANK 2020-01-01 40,000   SL 7.0000 5,714      
    ELEVATOR DOOR LOCK MONITORING 2020-01-01 5,649   SL 7.0000 807      
    LOCAL LAW 26 IMPROVEMENTS 2020-07-01 66,033   SL 5.0000 6,603      

    TY 2020 GeneralExplanationAttachment
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Identifier Return Reference Explanation
      General Explanation Supplemental Information for Form 990-PF STATEMENT 19FORM 990PF, PART II, LINE 22OTHER LIABILITIESFUNDS HELD FOR THE BENEFIT OF OTHERS -THE PALEY CENTER FOR MEDIA25 WEST 52ND STREETNEW YORK, NY 10019 $65,871,687THE GREENPARK FOUNDATION, INCC/O BENCIVENGA WARD & COMPANY, CPAS, PC420 COLUMBUS AVENUE, SUITE 304VALHALLA, NY 10595 $24,965,789TOTAL $90,837,475
      General Explanation Supplemental Information for Form 990-PF STATEMENT 20FORM 990PF, PART VII-B, LINE 5CEXEMPTION FROM TAX ON TAXABLE EXPENDITURESDuring 2020, the Foundation made a grant of $600,000 to The Greenpark Foundation, Inc. (Greenpark, Federal ID# 13-6155738). Greenpark is a private operating foundation and has as its sole purpose the ownership, operation, and maintenance of a park open to the public. The officers and directors of Greenpark are also officers/directors of the Foundation. As such they are under common control.During 2020, Greenpark used the grant paid from the Foundation for the operation and maintenance of the park. In addition, Greenpark treated none of the grant as a qualifying distribution on its tax return for 2020 (Form 990PF), thereby allowing the grant of $600,000 to be treated as a qualifying distribution by the Foundation. Due to the common control of Greenpark and the foundation, the foundation has not formalized pre-grant and post-grant letters. It believes the Requirements of IRS Reg. 53.4945-5(d) are satisfied by the indicia of common control of the grantor and grantee.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BLACKROCK HIGH YIELD 456,127 456,127
    ISHARES 20 YEAR 697,640 697,640
    ISHARES 7-10 YEAR    
    JPM CORE PLUS 1,572,083 1,572,083
    PGIM HIGH YIELD 604,021 604,021
    PIMCO INCOME FUND    
    PIMCO SHORT TERM FD    
    VANGUARD TOTAL BOND 2,108,604 2,108,604
    PIMCO FDS    
    VANGUARD TOTAL INTERNATION 3,457,000 3,457,000
    ISHARES JP MORGAN USD EMERGING 738,463 738,463
    JPM HIGH YIELD FD - USD - R6 ISIN 456,045 456,045
    JPM MTGE BACKED SEC FD - R6 720,048 720,048
    SIX CIRCLES CREDIT OPPORT 733,923 733,923
    SIX CIRCLES GLOBAL BOND 2,174,250 2,174,250
    VANGUARD TOTAL BOND MARKET 214,390 214,390
    VANGUARD TTL INTL BND-ADM 482,276 482,276
    BARES MID/LARGE CAP SERIES 1,600,000 1,600,000
    ALTAROCK PARTNERS SERIES 3,275,000 3,275,000
    VALLEY FORGE LARGE CAP 1,600,000 1,600,000

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BERKSHIRE HATHAWAY, INC 2,891,449 2,891,449
    COMCAST CORP 493,503 493,503
    DIAGEO PLC 563,299 563,299
    NESTLE S A A/D/R 348,099 348,099
    NOVARTIS A G A/D/R    
    UNILEVER N V    
    ROLLS ROYCE GROUP PLC 1,138,246 1,138,246
    HISCOX LTD 433,386 433,386
    VISA INC 1,480,365 1,480,365
    JACOBS ENGINEERING GROUP INC 1,545,271 1,545,271
    ALPHABET INC 3,914,358 3,914,358
    CELANESE CORP 512,613 512,613
    HENRY SCHEIN NC 478,049 478,049
    ORACLE CORP 643,342 643,342
    US BANCORP    
    CARMAX 2,165,684 2,165,684
    CONSTELLANTION SOFTWARE 1,891,646 1,891,646
    FLEETCOR TECHNOLOGIES 638,422 638,422
    LIBERTY MEDIA GROUP 1,641,543 1,641,543
    MASTERCARD INC 1,334,956 1,334,956
    CHARLES SCHWAB CORP 1,779,651 1,779,651
    ZOETIS INC 862,255 862,255
    CREDIT ACCEPTANCE CORP 1,978,882 1,978,882
    A2 MILK CO LTD 1,113,569 1,113,569
    ALLEGION PLC 475,412 475,412
    BOOKING HOLDINGS 363,045 363,045
    BROWN-FORMAN CORP 572,055 572,055
    COPART INC 828,652 828,652
    DOLLAR GENERAL 405,248 405,248
    FACEBOOK 2,194,021 2,194,021
    KLA-TENCOR CORP 430,567 430,567
    LIBERTY BROADBAND 1,732,891 1,732,891
    LINDE 1,182,633 1,182,633
    MELROSE    
    VIVENDI 1,757,980 1,757,980
    EUROFINS SCIENTIFIC 1,937,239 1,937,239
    NASPERS LTDD    
    TAIWAN SEMICONDUCTOR 2,575,089 2,575,089
    ALCON INC 689,821 689,821
    PROSUS NV 1,606,990 1,606,990
    ARISTA NETWORKS 1,954,955 1,954,955
    ARTHUR J. GALLAGHER & CO 815,744 815,744
    BRIGHT HORIZONS FAMILY SOL    
    COLGATE-PALMOLIVE CO 470,219 470,219
    COSTCO WAREHOUSE 346,638 346,638
    SMITH A.O. 411,424 411,424
    UNITEDHEALTH CORP 2,290,992 2,290,992
    WAYFAIR INC 1,456,475 1,456,475
    WASTE MANAGEMENT INC 323,482 323,482
    AMAZON.COM INC 752,351 752,351
    BAXTER INTERNATIONAL INC 472,052 472,052
    FIDELITY NATIONAL INFO SERV 982,298 982,298
    GRACO INC 203,521 203,521
    INTERCONTINENTAL EXCHANGE IN 1,430,979 1,430,979
    NETFLIX 1,370,751 1,370,751
    NIKE INC - CL B 564,324 564,324
    PERRIGO CO PLC 246,854 246,854
    PROGRESSIVE CORP 497,465 497,465
    STARBUCKS CORP 412,622 412,622
    THERMO FISHER SCIENTIFIC INC 367,035 367,035
    WALT DISNEY CO/THE 1,795,131 1,795,131

    TY 2020 InvestmentsOtherSchedule2
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SELECT EQUITY PARTNERSHIP FMV 31,541,338 31,541,338
    HIMALAYA CAPITAL FMV 13,849,749 13,849,749

    TY 2020 LandEtcSchedule2
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 10,798 10,798    
    Machinery and Equipment 14,640 14,640    
    Buildings 379,455 379,455   14,407,218
    Improvements 2,720,929 1,138,302 1,582,627 1,582,627
    Land 330,445   330,445 9,000,000
    Miscellaneous 10,155 10,155   10,155


    TY 2020 LegalFeesSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATION 52,609 5,261 0 33,889


    TY 2020 OtherDecreasesSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Amount
    NET CHANGE FOR GREENPARK ENDOWMENT 2,791,076
    NET CHANGE FOR PALEY CENTER FOR MEDIA ENDOWMENT 6,593,431


    TY 2020 OtherExpensesSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEES 1,500      
    GENERAL INSURANCE 2,040     2,040
    PAYROLL PROCESSING FEES 600     600
    Rental Expenses 577,545 577,545    
    SUPPLIES 4,006     6,371


    TY 2020 OtherIncomeSchedule2
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Other Investment Income 7,796 7,796  


    TY 2020 OtherLiabilitiesSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value
    SECURITY DEPOSITS 47,972 47,942
    SEE STATEMENT #19 81,452,968 90,837,475
    DEFERRED EXCISE TAX 508,489 539,852
    EXCISE TAX 17,349 122,200


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATION 18,281 0 0 30,000
    ADVISORY & CUSTODY FEES 1,284,103 1,284,103 0 0


    TY 2020 TaxesSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 204,492      
    FOREIGN TAXES 48,782 48,782    
    PAYROLL TAXES 8,141 4,070   4,070