TY 2020 Form 990PF

(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	1,897.893 UNITS VANGUARD GROWTH & INCOME	P	2015-02-19	2020-07-22
b	3,450 SHS DUPONT DE NEMOURS INC	P	2009-08-18	2020-11-05
c	SCHEDULE K1 - MILLRACE CAPITAL LP	P		2020-12-31
d	CAPITAL GAINS DIVIDENDS	P
e

(e) Gross sales price	(f) Depreciation allowed (or allowable)	(h) Gain or (loss) (e) plus (f) minus (g)
a	100,000	81,211	18,789
b	208,974	19,766	189,208
c			466,406
d	111,776		111,776
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	786,179
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................	3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	13,557
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	13,557
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	13,557
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	8,000
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	8,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.	8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9	5,557
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax	Refunded	11

(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
HENRY B DU PONT IV	TRUSTEE 1.00	0	0	0
PO BOX 3568 GREENVILLE,DE19807

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
HAGLEY MUSEUM & LIBRARY PO BOX 3630 WILMINGTON,DE19807			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	25,000
FRIENDS OF AUBURN HEIGHTS PRESERVE INC PO BOX 61 YORKLYN,DE19736			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	10,000
DISCOVERY MUSEUM 4550 PARK AVENUE BRIDGEPORT,CT06604			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	100,000
CHRIST CHURCH EPISCOPAL PRESCHOOL PO BOX 3510 GREENVILLE,DE19807			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
MYSTIC SEAPORT MUSEUM 75 GREENMANVILLE AVE PO BOX,CT653559903			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
HAGLEY MUSEUM & LIBRARY PO BOX 3630 WILMINGTON,DE19807			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	22,000
HAGLEY MUSEUM & LIBRARY PO BOX 3630 WILMINGTON,DE19807			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	3,000
BOYS & GIRLS CLUB OF DELAWARE 669 SOUTH UNION STREET WILMINGTON,DE19805			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	10,000
DELAWARE MUSEUM OF NATURAL HISTORY 4840 KENNETT PIKE WILMINGTON,DE19807			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	10,000
THE SALVATION ARMY PO BOX 308 WILMINGTON,DE19899			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
GULF STREAM SCHOOL 3600 GULF STREAM ROAD GULF STREAM,FL33483			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
THE MINISTRY OF CARING INC 115 EAST 14TH STREET WILMINGTON,DE19801			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
UNIVERSITY OF NEW ENGLAND 716 STEVENS AVENUE PORTLAND,ME04103			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
BIGGS MUSEUM OF AMERICAN ART PO BOX 711 DOVER,DE19903			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
NATIONAL GEOGRAPHIC SOCIETY 1145 17TH STREET NW WASHINGTON,DC20036			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
WINTERTHUR MUSEUM GARDEN & LIBRATY 5105 KENNETT PIKE WILMINGTON,DE19735			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	10,000
WILMINGTON AND WESTERN RAILROAD 2201 NEWPORT GAP PIKE WILMINGTON,DE19808			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	25,000
THE LEUKEMIA & LYMPHOMA SOCIETY 3458 BARLEY MILL ROAD HOCKESSIN,DE19707			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	25,000
FAITHFUL FRIENDS ANIMAL SOCIETY 12 GERMAY DRIVE WILMINGTON,DE19809			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
CAMP WASHINGTON INC 190 KENYON ROAD LAKESIDE,CT067581601			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
CANINE PARTNERS FOR LIFE 334 FAGGS MANOR ROAD COCHRANVILLE,PA19330			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
COAST GUARD FOUNDATION 394 TAUGAWONK ROAD STONINGTON,CT063781807			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	10,000
DELAWARE INSTITUTE FOR THE ARTS OF EDUCATION 1200 N FRENCH STREET ROOM 512 WILMINGTON,DE19801			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
THE DELAWARE CENTER FOR HORTICULTURE 1810 N DUPONT STREET WILMINGTON,DE19806			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
CHESAPEAKE BAY FOUNDATION 6 HERNDON AVENUE ANNAPOLIS,MD21403			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
DELAWARE COMMUNITY FOUNDATON PO BOX 1636 WILMINGTON,DE19899			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	2,000
DELAWARE HISTORICAL SOCIETY 505 NORTH MARKET STREET WILMINGTON,DE19801			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
DELAWARE HOSPICE 16 POLLY DRUMMOND SHOPPING CENTER NEWARK,DE19711			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
DELAWARE HUMANITIES 100 WEST 10TH STREET SUITE 509 WILMINGTON,DE19801			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
CHILD INC 507 PHILADELPHIA PIKE WILMINGTON,DE19809			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
ADVENTURE CYCLING ASSOCIATION PO BOX 8308 MISSOULA,MT59807			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
AMERICAN RED CROSS OF DELMARVA PO BOX 17021 BALTIMORE,MD212970399			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
ADVENTURE CYCLING ASSOCIATION PO BOX 8308 MISSOULA,MT59807			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	-1,000
AMERICAN RED CROSS OF DELMARVA PO BOX 17021 BALTIMORE,MD212970399			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	-1,000
ADVENTURE CYCLING ASSOCIATION PO BOX 8308 MISSOULA,MT59807			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
AMERICAN RED CROSS OF DELMARVA PO BOX 17021 BALTIMORE,MD212970399			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
DELAWARE SPCA 455 STANTON CHRISTIANA ROAD NEWARK,DE19713			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
DELAWARE THEATRE COMPANY 200 WATER STREET WILMINGTON,DE19801			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
DELAWARE WILD LANDS INC PO BOX 505 ODESSA,DE197300505			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
FRIENDS OF NORRIS COTTON CANCER CENTER ONE MEDICAL CENTER DRIVE LEBANON,NH03756			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
RONALD MCDONALD HOUSE OF DELAWARE 1901 ROCKLAND ROAD WILMINGTON,DE19803			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
DELAWARE SYMPHONY ORCHESTRA 100 WEST 10TH STREET SUITE 1003 WILMINGTON,DE19801			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
FLORIDA COALITION FOR PRESERVATION 4600 NORTH OCEAN BLVD STE 102 OCEAN RIDGE,FL33435			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
FOOD BANK OF DELAWARE 14 GARFIELD WAY NEWARK,DE197133450			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
INTERNATIONAL BIKING ASSOCIATION PO BOX 20280 BOULDER,CO80308			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
MEALS ON WHEELS DELAWARE 100 WEST 10TH STREET SUITE 2017 WILMINGTON,DE19801			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
PROJECT NEW START INC 4601 CONCORD PIKE WILMINGTON,DE19803			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
SPECIAL OLYMPICS DELAWARE PO BOX 7229 NEWARK,DE197147229			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
SPORTSMEN'S ALLIANCE FOUNDATION 801 KINGSMILL PARKWAY COLUMBUS,OH432291137			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
ST MICHAEL'S SCHOOL AND NURSERY 700 N WALNUT STREET WILMINGTON,DE198013514			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
STROUD WATER RESEARCH CENTER 970 SPENCER ROAD AVONDALE,PA193119514			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
SUNDAY BREAKFAST MISSION PO BOX 352 WILMINGTON,DE19899			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
CHILDREN'S BEACH HOUSE 1800 BAY AVENUE LEWES,DE19958			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
CHRIST CHURCH CHRISTIANA HUNDRED PO BOX 3510 WILMINGTON,DE19807			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	15,000
DELAWARE TECHNICAL COMMUNITY PO BOX 897 DOVER,DE19903			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
NATURAL LANDS TRUST INC 1031 PALMERS MILL ROAD MEDIA,PA19063			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
NEW CASTLE HISTORICAL SOCIETY 30 MARKET STREET NEW CASTLE,DE19720			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
PILOT SCHOOL 208 WOODLAWN ROAD WILMINGTON,DE19803			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
SEAMAN'S CENTER OF WILMINGTON INC PO BOX 405 WILMINGTON,DE19899			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
SURFRIDER FOUNDATION PO BOX 6010 SAN CLEMENTE,CA926746010			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
THE LAND CONSERVANCY FO SOUTHERN CHESTER COUNTY 541 CHANDLER MILL ROAD AVONDALE,PA19311			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
THE NATURE CONSERVANCY OF DELAWARE 555 E NORTH LANE SUITE 6030 CONSHOHOCKEN,PA19248			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
MAKE A WISH MAINE 66 MUSSEY ROAD SCARBOROUGH,ME04074			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	10,000
THE UNQUOWA SCHOOL ASSOCIATION 981 STRATEFIELD ROAD FAIRFIELD,CT06825			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
GENERAL SOCIETY OF COLONIAL WARS 1418 BALTIMORE STREET SUITE 12-129 HANOVER,PA17331			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
CORNELL LAB OF ORNITHOLOGY 159 SAPSUCKER WOODS ROAD ITHACA,NY14850			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
BRANDYWINE CONSERVANCY & MUSEUM OF ART PO BOX 141 CHADDS FORD,PA19317			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
BRANDYWINE RED CLAY ALLIANCE 1760 UNIONVILLE-WAWASET ROAD WEST CHESTER,PA19382			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
CARDIGAN MOUNTAIN SCHOOL 62 ALUMNI DRIVE CANNAN,NH03741			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	12,000
DELAWARE BOTANIC GARDENS PO BOX 1390 OCEAN VIEW,DE19970			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
NEMOURS CHILDREN'S HEALTH SYSTEM 1600 ROCKLAND ROAD WILMINGTON,DE19803			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	10,000
BRIDGEPORT HOSPITAL FOUNDATION INC 267 GRANT STREET BRIDGEPORT,CT06610			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
DELAWARE FUTURES 1104 NORTH ADAMS STREET WILMINGTON,DE19801			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
FRIENDSHIP HOUSE INC PO BOX 1517 WILMINGTON,DE198991517			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	10,000
MAYO CLINIC 200 FIRST STREET SW ROCHESTER,MN55905			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	10,000
UNIVERSITY OF DELAWARE 83 E MAIN STREET NEWARK,DE19716			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
EMBRACING TRUTH MINISTRIES 3135 WEST MONTGOMERY AVENUE PHILADELPHIA,PA19121			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
THE 1103 MARKET STREET FOUNDATION PO BOX 433 WILMINGTON,DE19899			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
TRINITY PAWLING SCHOOL 700 ROUTE 22 PAWLING,NY125649984			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	12,000
DIVERS ALERT NETWORK 6 WEST COLONY PLACE DURHAM,NC277059870			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
CHRIST CHURCH EPISCOPAL PRESCHOOL PO BOX 3510 GREENVILLE,DE19807			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
CHRISTIANA CARE HEALTH SYSTEM 4000 NEXUS DRIVE SUITE W3-300 WILMINGTON,DE19803			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
DELAWARE NATURE SOCIETY PO BOX 700 HOCKESSIN,DE19707			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	2,500
ELEUTHERIAN MILLS RESIDENCE PO BOX 3630 WILMINGTON,DE198070630			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
HAGLEY MUSEUM & LIBRARY PO BOX 3630 WILMINGTON,DE19807			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	11,000
GULF STREAM SCHOOL 3600 GULF STREAM ROAD GULF STREAM,FL33483			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
NANTUCKET CONSERVATION FOUNDATION PO BOX 13 NANTUCKET,MA025542884			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
OYEBOG TENNIS 3 HERON LAKE LANE WESTPORT,CT06880			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
PARTNERS FOR WORLD HEALTH 40 WALCH DRIVE PORTLAND,ME04103			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
SERVIAM GIRLS ACADEMY 14 HALCYON DRIVE NEW CASTLE,DE197201200			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
UNION COLLEGE 1128 LENOX ROAD SCHENECTADY,NY12308			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	2,000
DELAWARE ART MUSEUM 2301 KENTMERE PARKWAY WILMINGTON,DE19806			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
MASONIC SERVICE ASSOCIATION 3905 NATIONAL DRIVE SUITE 280 BURTONSVILLE,MD20866			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
PEQUOT YACHT CLUB FOUNDATION INC 669 HARBOR ROAD SOUTHPORT,CT06890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
NEW YORK YACHT CLUB FOUNDATION 37 W 44TH STREET NEW YORK,NY10036			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
HAGLEY MUSEUM & LIBRARY PO BOX 3630 WILMINGTON,DE19807			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	7,500
HAGLEY MUSEUM & LIBRARY PO BOX 3630 WILMINGTON,DE19807			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	125,000
HAGLEY MUSEUM & LIBRARY PO BOX 3630 WILMINGTON,DE19807			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
Total ................................. 3a				617,000

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	775		775
4	Dividends and interest from securities...	225,880		225,880
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		786,179
b	Gross sales price for all assets on line 6a 420,750
7	Capital gain net income (from Part IV, line 2)...			786,179
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	1,012,834		1,012,834
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		1,500	750	750
c	Other professional fees (attach schedule)....		42,197	36,445	5,752
17	Interest...............	122		122	0
18	Taxes (attach schedule) (see instructions)...		37,487	168	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	81,306		37,485	6,502
25	Contributions, gifts, grants paid.......	617,000			617,000
26	Total expenses and disbursements. Add lines 24 and 25	698,306		37,485	623,502
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	314,528
b	Net investment income (if negative, enter -0-)			975,349
c	Adjusted net income (if negative, enter -0-)...

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	242,209	216,633	216,633
	3	Accounts receivable 1
		Less: allowance for doubtful accounts	771	1	1
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	431,264	411,498	7,875,251
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	4,383,342	4,743,982	5,327,611
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,057,586	5,372,114	13,419,496
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	2,695,936	2,695,936
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	2,361,650	2,676,178
	29	Total net assets or fund balances (see instructions).....	5,057,586	5,372,114
	30	Total liabilities and net assets/fund balances (see instructions).	5,057,586	5,372,114

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			18,789
b			189,208
c			466,406
d			111,776
e

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

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


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

	(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7				524,158
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......			576,857
b Total for prior years:2018, 20, 20		39,907
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......
d From 2018......
e From 2019......
fTotal of lines 3a through e........	0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 623,502
a Applied to 2019, but not more than line 2a			576,857
b Applied to undistributed income of prior years (Election required—see instructions).....		39,907
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2020 distributable amount.....				6,738
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2020.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		39,907
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 ..........				517,420
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...	0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....
e Excess from 2020....

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

bApproved for future payment

Total ................................. 3b				0

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	775
4 Dividends and interest from securities....			14	225,880
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			14	786,179
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		1,012,834	0

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
MUTUAL FUNDS	AT COST	1,801,663	2,417,656
MILLRACE CAPITAL LP	AT COST	2,942,319	2,909,955

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
CUSTODIAN SERVICES	11,505	5,753		5,752
PORTFOLIO DEDUCTIONS	30,692	30,692		0

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

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

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