Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
HATTIE A AND FRED C LYNAM TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)135 HIGH STREET PO BOX 1100
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ELLSWORTH, ME046051100
A Employer identification number

01-0222218
B Telephone number (see instructions)

(207) 945-5244
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$5,697,800
J 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      
4 Dividends and interest from securities... 133,969 125,358  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 411,953
b Gross sales price for all assets on line 6a 2,488,720
7 Capital gain net income (from Part IV, line 2)... 411,953
8 Net short-term capital gain......... 0
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........ 545,922 537,311  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 35,253 17,627   17,627
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... 450 225 0 225
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... 10,788 4,391   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... 1,015 507   215
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 47,506 22,750 0 18,067
25 Contributions, gifts, grants paid....... 267,945 267,945
26 Total expenses and disbursements. Add lines 24 and 25 315,451 22,750 0 286,012
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 230,471
b Net investment income (if negative, enter -0-) 514,561
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 735,631 349,622 349,622
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 157,099 Click to see attachment159,161 211,489
b Investments—corporate stock (attach schedule)....... 2,348,397 Click to see attachment2,517,448 3,414,316
c Investments—corporate bonds (attach schedule)....... 1,250,676 Click to see attachment1,690,142 1,722,373
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,491,803 4,716,373 5,697,800
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 4,491,803 4,716,373
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)..... 4,491,803 4,716,373
30 Total liabilities and net assets/fund balances (see instructions). 4,491,803 4,716,373
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
4,491,803
2
Enter amount from Part I, line 27a .....................
2
230,471
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
6,542
4
Add lines 1, 2, and 3 ..........................
4
4,728,816
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
12,443
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,716,373
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 1235. CORE LABORATORIES N V   2019-11-05 2020-01-02
b 495. CORE LABORATORIES N V   2019-11-20 2020-01-02
c 46000. LKQ CORP 4.75% 05/15/23   2015-04-24 2020-01-10
d 38000. LKQ CORP 4.75% 05/15/23   2015-06-15 2020-01-10
e 514. WPP PLC-SPONSORED ADR   2019-01-25 2020-01-31
658. WPP PLC-SPONSORED ADR   2019-01-28 2020-01-31
578. WPP PLC-SPONSORED ADR   2019-01-29 2020-01-31
8295. A P MOLLAR-MAERSK   2018-11-30 2020-02-24
1972. A P MOLLAR-MAERSK   2019-02-01 2020-02-24
201. A P MOLLAR-MAERSK   2019-02-04 2020-02-24
1732. A P MOLLAR-MAERSK   2019-02-05 2020-02-24
1025. A P MOLLAR-MAERSK   2019-05-06 2020-02-24
3400. CANADIAN NATURAL RESOURCES   2019-03-14 2020-03-06
1095. AMERICAN EXPRESS   2016-08-11 2020-03-10
455. AMERICAN EXPRESS   2016-08-11 2020-03-10
4110. WEYERHAEUSER CO (REIT)     2020-03-12
2200. MICROSOFT CORP   2008-02-28 2020-03-13
1330. SCIENCE APPLICATIONS INTE     2020-03-13
2625. MASCO CORP   2019-08-21 2020-03-17
1160. VISA INC-CLASS A SHARES     2020-03-17
918.804 VANGUARD EM MKT STK IND-ADM   2016-04-12 2020-03-19
1250. AMERICAN TOWER CORP     2020-03-24
1900. AXIS CAPITAL HOLDINGS LTD   2019-05-02 2020-04-23
200. BAR HARBOR BANKSHARES   1980-01-01 2020-04-29
105. SANDSTORM GOLD LTD   2018-02-16 2020-05-15
93670. QUALCOMM INC 2.25% 20 MAY 2020   2018-11-26 2020-05-20
40000. MCDONALD'S CORP 2.2% 26 MAY 2020   2015-10-28 2020-05-26
200. BAR HARBOR BANKSHARES   1980-01-01 2020-05-29
200. BAR HARBOR BANKSHARES   1980-01-01 2020-06-30
3215. WELLS FARGO & COMPANY NEW     2020-07-08
200. BAR HARBOR BANKSHARES   1980-01-01 2020-07-31
293. FAIRFAX FINANCIAL HLDGS LTD     2020-08-06
1795. BARRICK GOLD CORP   2019-02-13 2020-08-19
200. BAR HARBOR BANKSHARES   1980-01-01 2020-08-28
6145. KINDER MORGAN INC   2018-10-17 2020-09-24
200. BAR HARBOR BANKSHARES   1980-01-01 2020-09-30
2100. BRISTOL MYERS SQUIBB CO     2020-10-01
10000. CHENIERE ENERGY INC 4.25% 15 MAR 2045   2017-09-21 2020-10-02
20000. CHENIERE ENERGY INC 4.25% 15 MAR 2045   2017-09-21 2020-10-13
200. BAR HARBOR BANKSHARES   1980-01-01 2020-10-29
2500. BARRICK GOLD CORP   2019-02-13 2020-11-25
200. BAR HARBOR BANKSHARES   1980-01-01 2020-11-30
405. BARRICK GOLD CORP   2019-02-13 2020-12-01
3290. KROGER CORP     2020-12-09
40000. BEST BUY CO INC 5.5% 15 MAR 2021   2013-12-16 2020-12-15
200. BAR HARBOR BANKSHARES   1980-01-01 2020-12-29
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a 47,256   59,717 -12,461
b 18,940   22,032 -3,092
c 46,728   45,975 753
d 38,602   37,462 1,140
e 31,966   29,683 2,283
40,922   37,876 3,046
35,946   33,556 2,390
45,020   59,310 -14,290
10,703   13,243 -2,540
1,091   1,356 -265
9,400   11,710 -2,310
5,563   6,455 -892
79,278   95,451 -16,173
112,318   71,740 40,578
45,117   29,810 15,307
79,421   105,485 -26,064
316,103   61,708 254,395
87,719   112,243 -24,524
94,431   107,402 -12,971
179,430   90,848 88,582
23,871   26,515 -2,644
233,963   112,266 121,697
65,408   108,241 -42,833
4,000   20 3,980
892   503 389
95,000   93,670 1,330
40,000   39,951 49
3,901   20 3,881
4,598   20 4,578
77,739   96,882 -19,143
4,032   20 4,012
89,650   130,696 -41,046
52,437   23,063 29,374
4,086   20 4,066
75,316   104,464 -29,148
4,111   20 4,091
126,087   104,147 21,940
7,127   7,031 96
14,363   14,062 301
4,035   20 4,015
57,367   32,121 25,246
4,670   20 4,650
9,604   5,204 4,400
102,082   102,645 -563
40,000   40,000  
4,440   20 4,420
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
      13,987
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       -12,461
b       -3,092
c       753
d       1,140
e       2,283
      3,046
      2,390
      -14,290
      -2,540
      -265
      -2,310
      -892
      -16,173
      40,578
      15,307
      -26,064
      254,395
      -24,524
      -12,971
      88,582
      -2,644
      121,697
      -42,833
      3,980
      389
      1,330
      49
      3,881
      4,578
      -19,143
      4,012
      -41,046
      29,374
      4,066
      -29,148
      4,091
      21,940
      96
      301
      4,015
      25,246
      4,650
      4,400
      -563
       
      4,420
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 411,953
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 7,152
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 7,152
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 7,152
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 6,652
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,652
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.......Bullet 9 500
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 RefundedBullet 11 0
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)
    bulletME
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletBAR HARBOR TRUST SERVICES Telephone no.bullet (207) 945-5244

    Located atbulletPO BOX 1100 135 HIGH STELLSWORTHME ZIP+4bullet04605
    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
     
     
    .........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
    BAR HARBOR TRUST SERVICES TRUSTEE
    15
    35,253    
    P O BOX 1100
    ELLSWORTH,ME04605
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position
    (c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation
    (e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    2,868,073
    b
    Average of monthly cash balances.......................
    1b
    1,060,267
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,548,210
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,476,550
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    5,476,550
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    82,148
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,394,402
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    269,720
    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
    269,720
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    7,152
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,152
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    262,568
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    262,568
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    262,568
    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
    286,012
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    286,012
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    286,012
    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 7 262,568
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 39,834
    b From 2016...... 23,210
    c From 2017...... 14,984
    d From 2018...... 27,278
    e From 2019...... 7,372
    fTotal of lines 3a through e........ 112,678
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 286,012
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....
    0
    c Treated as distributions out of corpus (Election
    required—see instructions)........
    0
    d Applied to 2020 distributable amount..... 262,568
    e Remaining amount distributed out of corpus 23,444
    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 5 136,122
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........
    0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......
    0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........
    0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............
    0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........
    0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......
    0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...
    39,834
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......
    96,288
    10 Analysis of line 9:
    a Excess from 2016.... 23,210
    b Excess from 2017.... 14,984
    c Excess from 2018.... 27,278
    d Excess from 2019.... 7,372
    e Excess from 2020.... 23,444
    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:
    BAR HARBOR TRUST SERVICES
    PO BOX 1100
    ELLSWORTH,ME04605
    (207) 667-6685
    bThe form in which applications should be submitted and information and materials they should include:
    Scholarship-Common application form & Grant application form found on Maine Community website must be completed & submitted
    cAny submission deadlines:
    Scholarship app due by May 1st Grant appl deadline is Sept 18
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    MUST BE MT DESERT ISLAND BASED GROUP
    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
    CAMP BEECH CLIFF
    264 BEECH HILL ROAD
    MOUNT DESERT,ME04660
    NONE PC FOR ORGANIZATION'S GENERAL 5,000
    JESUP MEMORIAL LIBRARY
    ATTN RUTH EVELAND
    34 MT DESERT STREET
    BAR HARBOR,ME04609
    NONE PC FOR ORGANIZATION'S GENERAL 6,000
    ST SAVIOURS EPISCOPAL CHURCH
    41 DESERT ST
    BAR HARBOR,ME04609
    NONE PC FOR ORGANIZATION'S GENERAL 1,000
    MAINE PHILANTHROPY CENTER
    314 FOREST AVE
    PORTLAND,ME04101
    NONE PC FOR ORGANIZATION'S GENERAL 1,650
    ACADIA SENIOR COLLEGE
    105 EDEN ST
    BAR HARBOR,ME04609
    NONE PC FOR ORGANIZATION'S GENERAL 2,000
    HULLS COVE NEIGHBORHOOD ASSOC
    ROUTE 3
    HULLS COVE,ME04644
    NONE PC FOR ORGANIZATION'S GENERAL 3,950
    ISLAND CONNECTIONS
    15 EAGLE LAKE RD
    BAR HARBOR,ME04605
    NONE PC FOR ORGANIZATION'S GENERAL 10,000
    MOUNT DESERT NURSING ASSOC
    12 SUMMIT RD
    NORTHEAST HARBOR,ME04662
    NONE PC FOR ORGANIZATION'S GENERAL 7,329
    MDI COMMUNITY SAILING PROGRAM
    168 CLARK POINT RD
    SOUTHWEST HARBOR,ME04679
    NONE PC FOR ORGANIZATION'S GENERAL 2,000
    NEIGHBORHOOD HOUSE CLUB
    1 KIMBALL ROAD
    NORTHEAST HARBOR,ME04662
    NONE PC FOR ORGANIZATION'S GENERAL 5,000
    SOMESVILLE LIBRARY ASSOCIATION
    116 MAIN ST
    MOUNT DESERT,ME04660
    NONE PC FOR ORGANIZATION'S GENERAL 5,000
    SOUTHWEST HARBOR PUBLIC LIBRARY
    338 MAIN STREET
    SOUTHWEST HARBOR,ME04679
    NONE PC FOR ORGANIZATION'S GENERAL 5,000
    ABBE MUSEUM
    PO BOX 286
    BAR HARBOR,ME04609
    NONE PC UNRESTRICTED GENERAL 2,000
    ISLAND HOUSING TRUST
    PO BOX 851
    MOUNT DESERT,ME04660
    NONE PC SUPPORT 5,000
    KIDS CORNER
    81 MT DESERT ST
    BAR HARBOR,ME04609
    NONE PC SUPPORT 6,036
    NORTHEAST HARBOR LIBRARY
    1 JOY RD
    NORTHEST HARBOR,ME04662
    NONE PC SUPPORT 2,340
    SUMMER FESTIVAL OF THE ARTS
    1081 EAGLE LAKE RD
    BAR HARBOR,ME04609
    NONE PC SUPPORT 5,000
    MOUNT DESERT ISLAND HOSPITAL
    10 WAYMAN LANE
    BAR HARBOR,ME04609
    NONE PC SUPPORT 5,000
    LOCAL SOLUTIONS
    DEE KARNOFSKY
    PO BOX 38
    HULLS COVE,ME04644
    NONE PC SUPPORT 2,500
    MDI CAMPFIRE COALITION
    C/O ANNE-MARIE HART SEE COAST MISSION
    127 WEST STREET
    BAR HARBOR,ME04609
    NONE PC SUPPORT OF HEATING 2,000
    MDI YMCA
    21 PARK STREET
    BAR HARBOR,ME04609
    NONE PC GENERAL SUPPORT 5,000
    MDI BACKPACK PROGRAM
    36 MOUNT DESERT STREET
    BAR HARBOR,ME04609
    NONE PC SUPPORT OF PROGRAMS 10,000
    MAINE GRANITE INDUSTRY HISTORICAL
    SOCIETY
    62 BEECH HILL CROSS ROAD
    MT DESERT,ME04660
    NONE PC SUPPORT OF HISTORICAL 2,000
    ARTWAVES MDI
    1345 STATE HIGHWAY 102
    BAR HARBOR,ME04609
    NONE PC CHARITABLE GRANT 2,000
    OPEN TABLE MDI
    PO BOX 451
    BAR HARBOR,ME04609
    NONE PC CHARITABLE GRANT 10,000
    SOUTHWEST HARBOR HISTORICAL SOCIETY
    PO BOX 272
    SOUTHWEST HARBOR,ME04679
    NONE PC CHARITABLE GRANT 5,000
    DEZIRAE ZAMAN
    ELON UNIVERSITY
    PO BOX 398
    ELON,ME27244
    NONE EDUCATION SCHOLARSHIP 1,000
    ABBE MILLER
    UNIVERSITY OF MAINE - ORONO
    5703 ALUMNI HALL ROOM 100
    ORONO,ME04469
    NONE EDUCATION SCHOLARSHIP 2,000
    RUBY BROWN
    UNIVERSITY OF MAINE - ORONO
    5703 ALUMNI HALL ROOM 100
    ORONO,ME04469
    NONE EDUCATION SCHOLARSHIP 2,000
    EVELYN ZUMWALT
    UNIVERSITY OF MAINE - ORONO
    5703 ALUMNI HALL ROOM 100
    ORONO,ME04469
    NONE EDUCATION SCHOLARSHIP 1,000
    MEGAN HOWELL
    UNIVERSITY OF MAINE - ORONO
    5703 ALUMNI HALL ROOM 100
    ORONO,ME04469
    NONE EDUCATION SCHOLARSHIP 1,000
    DREW GOODWIN
    UNIVERSITY OF MAINE - ORONO
    5703 ALUMNI HALL ROOM 100
    ORONO,ME04469
    NONE EDUCATION SCHOLARSHIP 1,000
    CHRISTOPHER HORTON
    UNIVERSITY OF MAINE - ORONO
    5703 ALUMNI HALL ROOM 100
    ORONO,ME04469
    NONE EDUCATION SCHOLARSHIP 1,000
    SARA TODD
    UNIVERSITY OF MAINE - ORONO
    5703 ALUMNI HALL ROOM 100
    ORONO,ME04469
    NONE EDUCATION SCHOLARSHIP 1,000
    LAWRENCE NUESSLEIN
    UNIVERSITY OF MAINE - ORONO
    5703 ALUMNI HALL ROOM 100
    ORONO,ME04469
    NONE EDUCATION SCHOLARSHIP 1,000
    MATTHEW COX
    UNIVERSITY OF MAINE - ORONO
    5703 ALUMNI HALL ROOM 100
    ORONO,ME04469
    NONE EDUCATION SCHOLARSHIP 1,000
    SYDNEY KACHMAR
    UNIVERSITY OF MAINE - ORONO
    5703 ALUMNI HALL ROOM 100
    ORONO,ME04469
    NONE EDUCATION SCHOLARSHIP 1,000
    MEGAN HOWELL
    HUSSON UNIVERSITY
    1 COLLEGE CIRCLE
    BANGOR,ME04401
    NONE EDUCATION SCHOLARSHIP 1,000
    MARINA PARSON
    HUSSON UNIVERSITY
    1 COLLEGE CIRCLE
    BANGOR,ME04496
    NONE EDUCATION SCHOLARSHIP 1,000
    BAILEY CUST
    HUSSON UNIVERSITY
    1 COLLEGE CIRCLE
    BANGOR,ME04496
    NONE EDUCATION SCHOLARSHIP 1,000
    LUCAS WOOD
    HUSSON UNIVERSITY
    1 COLLEGE CIRCLE
    BANGOR,ME04496
    NONE EDUCATION SCHOLARSHIP 1,000
    GABRIELLE JAMES
    HUSSON UNIVERSITY
    1 COLLEGE CIRCLE
    BANGOR,ME04496
    NONE EDUCATION SCHOLARSHIP 1,000
    SAGE RENAULT
    HUSSON UNIVERSITY
    1 COLLEGE CIRCLE
    BANGOR,ME04496
    NONE EDUCATION SCHOLARSHIP 1,000
    PAIGE MURPHY
    HUSSON UNIVERSITY
    1 COLLEGE CIRCLE
    BANGOR,ME04496
    NONE EDUCATION SCHOLARSHIP 1,000
    SERENA YOUNG
    HUSSON UNIVERSITY
    1 COLLEGE CIRCLE
    BANGOR,ME04496
    NONE EDUCATION SCHOLARSHIP 1,000
    NICHOLAS CORSON
    THOMAS COLLEGE
    180 WEST RIVER ROAD
    WATERVILLE,ME04901
    NONE EDUCATION SCHOLARSHIP 1,000
    GLORIA KELLEY
    MAINE MARITIME ACADEMY
    1 PLEASANT STREET
    CASTINE,ME02138
    NONE EDUCATION SCHOLARSHIP 1,000
    CHANDLER STROUT
    LESLEY UNIVERSITY
    29 EVERETT STREET
    CAMBRIDGE,ME02138
    NONE EDUCATION SCHOLARSHIP 1,000
    LILY COOK
    MAINE MARITIME ACADEMY
    1 PLEASANT STREET
    CASTINE,ME04420
    NONE EDUCATION SCHOLARSHIP 2,000
    ADAM CHRISTIANSON
    BERKLEE COLLEGE OF MUSIC
    1140 BOYLSTON STREET
    BOSTON,MA02215
    NONE EDUCATION SCHOLARSHIP 1,000
    JACK DACORTE
    BRIDGEWATER STATE UNIVERSITY
    131 SUMMER STREET
    BRIDGEWATER,MA02325
    NONE EDUCATION SCHOLARSHIP 1,000
    LUKAS KEENE
    THOMAS COLLEGE
    180 WEST RIVER ROAD
    WATERVILLE,ME04901
    NONE EDUCATION SCHOLARSHIP 1,000
    LUCY WRAY
    BATES COLLEGE
    44 MOUNTAIN AVENUE
    LEWISTON,ME04240
    NONE EDUCATION SCHOLARSHIP 1,000
    TABITHA BOOHER
    BARD COLLEGE
    PO BOX 5000
    ANNANDALE ON HUDSON,NY12504
    NONE EDUCATION SCHOLARSHIP 1,000
    ETHAN LEONARD
    UNIVERSITY OF MAINE - ORONO
    5703 ALUMNI HALL ROOM 100
    ORONO,ME04469
    NONE EDUCATION SCHOLARSHIP 1,000
    SAMANTHA JACOBS
    UNIVERSITY OF ARIZONA
    PO BOX 28820
    TUCSON,AZ85276
    NONE EDUCATION SCHOLARSHIP 1,000
    SUSIE DAMM
    UNIVERSITY OF SOUTHERN MAINE
    PO BOX 9300
    PORTLAND,ME04104
    NONE EDUCATION SCHOLARSHIP 1,000
    NATALIE KLAVER
    UNIVERSITY OF NEW ENGLAND
    PO BOX 6442
    BRATTLEBORO,VT05302
    NONE EDUCATION SCHOLARSHIP 1,000
    GABRIEL MICHAEL
    WHEATON COLLEGE
    26 EAST MAIN STREET
    NORTON,MA02766
    NONE EDUCATION SCHOLARSHIP 1,000
    JOSHUA BLOOM
    UNIVERSITY OF SOUTHERN MAINE
    PO BOX 9300
    PORTLAND,ME04104
    NONE EDUCATION SCHOLARSHIP 1,000
    LYDIA DACORTE
    WHEATON COLLEGE
    26 EAST MAIN STREET
    NORTON,MA02766
    NONE EDUCATION SCHOLARSHIP 1,000
    SABRINA CALAS
    UNIVERSITY OF SOUTHERN MAINE
    PO BOX 9300
    PORTLAND,ME04104
    NONE EDUCATION SCHOLARSHIP 1,000
    RYLIE CLOUGH
    UNIVERSITY OF MAINE - AUGUSTA
    46 UNIVERSITY DRIVE
    AUGUSTA,ME04330
    NONE EDUCATION SCHOLARSHIP 1,000
    JOHN KACHMAR
    VILLANOVA UNIVERSITY
    800 LANCASTER AVENUE
    VILLANOVA,PA19085
    NONE EDUCATION SCHOLARSHIP 1,000
    EMMA STRONG
    WARREN WILSON COLLEGE
    PO BOX 9000
    ASHEVILLE,NC28815
    NONE EDUCATION SCHOLARSHIP 1,000
    GILLIAN CARROLL
    UNIVERSITY OF SOUTHERN MAINE
    PO BOX 9300
    PORTLAND,ME04104
    NONE EDUCATION SCHOLARSHIP 1,000
    GRIFFIN MARISTANY
    WESLEYAN UNIVERSITY
    237 HIGH STREET
    MIDDLETOWN,CT06459
    NONE EDUCATION SCHOLARSHIP 1,000
    ATHENA BROWN
    UNIVERSITY OF SOUTHERN MAINE
    PO BOX 9300
    PORTLAND,ME04104
    NONE EDUCATION SCHOLARSHIP 1,000
    CHELSEA SCHROEDER
    WHEATON COLLEGE
    26 EAST MAIN STREET
    NORTON,MA02766
    NONE EDUCATION SCHOLARSHIP 1,000
    MARGARET STRONG
    WHEATON COLLEGE
    26 EAST MAIN STREET
    NORTON,MA02766
    NONE EDUCATION SCHOLARSHIP 1,000
    ANDREW SHEA
    ST JOSEPH'S COLLEGE
    278 WHITES BRIDGE ROAD
    STANDISH,ME04084
    NONE EDUCATION SCHOLARSHIP 1,000
    ENDICOTT COLLEGE
    376 HALE STREET
    BEVERLY,MA01915
    NONE EDUCATION SCHOLARSHIP 1,000
    RACE PARSONS
    JOHNSON & WALES UNIVERSITY
    PO BOX 5956
    PROVIDENCE,RI02903
    NONE EDUCATION SCHOLARSHIP 1,000
    HANNAH HANSCOM
    SIMMONS UNIVERSITY
    300 FENWAY DRIVE
    BOSTON,MA02115
    NONE EDUCATION SCHOLARSHIP 1,000
    WINSLOW JEFFREY
    UNIVERSITY OF VERMONT
    223 WATERMAN BUILDING85 SO PROSPE
    BURLINGTON,VT05405
    NONE EDUCATION SCHOLARSHIP 1,000
    KATHERINE HOFF
    INDIANA UNIVERSITY
    400 EAST 7TH STREET
    BLOOMINGTON,IN47405
    NONE I SCHOLARSHIP 1,000
    HANNAH CHAMBERLAIN
    UNIVERSITY OF CONNECTICUT
    233 GLENBROOK ROAD
    STORRS,CT06269
    NONE I SCHOLARSHIP 1,000
    ELEANOR BRIDGERS
    DICKINSON COLLEGE
    PO BOX 1773
    CARLISLE,PA17013
    NONE I SCHOLARSHIP 1,000
    DREW RICH
    UNIVERSITY OF MIAMI
    PO BOX 248187
    CORAL GABLES,FL33124
    NONE I SCHOLARSHIP 1,000
    LYDIA REIFSNYDER
    RIDER UNIVERSITY
    2083 LAWRENCEVILLE ROAD
    LAWRENCEVILLE,NJ08648
    NONE I SCHOLARSHIP 1,000
    MAEV ROGERS
    UNIVERSITY OF MAINE - FARMINGTON
    224 MAIN STREET
    FARMINGTON,ME04938
    NONE I SCHOLARSHIP 1,000
    SYDNEY ELEFTHERIOU
    UNIVERSITY OF MASSACHUSETTS AMHERST
    181 PRESIDENTS DR
    AMHERST,MA01003
    NONE EDUCATION SCHOLARSHIP 1,000
    OLIVIA MCCARTHY
    ACADIA UNIVERSITY
    15 UNIVERSITY AVENUE
    WOLFVILLE,NOVA SCOTIAB4P 2R6
    CA
    NONE EDUCATION SCHOLARSHIP 1,000
    ABIGAIL BRIDGERS
    MOUNT HOLYOKE COLLEGE
    50 COLLEGE STREET
    SOUTH HADLEY,MA01075
    NONE I SCHOLARSHIP 1,000
    MARY PAOLA
    PURCHASE COLLEGE
    735 ANDERSON HILL ROAD
    PURCHASE,NY10577
    NONE I SCHOLARSHIP 1,000
    PETER BENSON
    NORTHEASTERN UNIVERSITY
    360 HUNTINGTON AVENUE
    BOSTON,MA02115
    NONE EDUCATION SCHOLARSHIP 1,000
    ANA ROGERS
    UNIVERSITY OF MAINE - FARMINGTON
    224 MAIN STREET
    FARMINGTON,ME04938
    NONE I SCHOLARSHIP 1,000
    MACLEAN SHEA
    UNIVERSITY OF NEW HAMPSHIRE
    11 GARRISON AVENUESTOKE HALL
    DURHAM,NH03824
    NONE I SCHOLARSHIP 1,000
    KENDREW VAN GORDER
    ST LAWRENCE UNIVERSITY
    23 ROMODA DRIVE
    CANTON,NY13617
    NONE I SCHOLARSHIP 1,000
    DAISY GRANHOLM
    DARTMOUTH COLLEGE
    6024 MCNUTT HALL
    HANOVER,NH03755
    NONE I SCHOLARSHIP 1,000
    GRACE FRANCES BLACKETT
    STATE UNIV OF NEW YORK AT FREDON
    306 MAYTUM HALL
    FREDONIA,NY14063
    NONE I SCHOLARSHIP 1,000
    KATELYN OSBORNE
    UNIVERSITY OF MAINE - PRESQUE ISLE
    181 MAIN STREET
    PRESQUE ISLE,ME04769
    NONE EDUCATION SCHOLARSHIP 1,000
    PIPER CHARRON
    ROCHESTER INSTITUTE OF TECHNOLOGY
    25 LOMB MEMORIAL DRIVE
    ROCHESTER,NY14623
    NONE I SCHOLARSHIP 1,000
    QUINCY ROZEFF
    MONTANA STATE UNIVERSITY
    PO BOX 174160
    BOZEMAN,MT59717
    NONE I SCHOLARSHIP 1,000
    EMILY YORK
    UNIVERSITY OF NEW HAMPSHIRE
    11 GARRISON AVENUESTOKE HALL
    DURHAM,NH03824
    NONE I SCHOLARSHIP 1,000
    HANNAH GOODWIN
    HIGH POINT UNIVERSITY
    ONE UNIVERSITY PARKWAY
    HIGH POINT,NC27268
    NONE I SCHOLARSHIP 1,000
    ALEC FISHICHELLA
    ECKERD COLLEGE
    PO BOX 12560
    ST PETERSBURG,FL33711
    NONE I SCHOLARSHIP 1,000
    ABBY KELLEY
    BOSTON UNIVERSITY
    881 COMMONWEALTH AVENUE
    BOSTON,MA02215
    NONE I SCHOLARSHIP 1,000
    RACHEL JACOBS
    UNIVERSITY OF ARIZONA
    PO BOX 28820
    TUCSON,AZ85273
    NONE I SCHOLARSHIP 1,000
    ANNA NAGGERT
    SKIDMORE COLLEGE
    815 N BROADWAY
    SARATOGA SPRINGS,NY12866
    NONE I SCHOLARSHIP 1,000
    MOLLY BROWN
    MGH INSTITUTE OF HEALTH PROFESSIONS
    36 1ST AVENUE
    BOSTON,MA02129
    NONE I SCHOLARSHIP 1,000
    GENEVA STEVENS
    ARTS UNIVERSITY BOURNEMOUTH
    WALLISDOWN ROAD
    WALLISDOWN,POOLEBH12 5HH
    UK
    NONE I SCHOLARSHIP 1,000
    ELI SHEIN
    EASTERN MAINE COMMUNITY COLLEGE
    354 HOGAN ROAD
    BANGOR,ME04401
    NONE I SCHOLARSHIP 1,000
    NICHOLAS STANLEY
    OCCIDENTAL COLLEGE
    AGC ROOM 1191600 CAMPUS ROAD F-35
    LOS ANGELES,CA90041
    NONE I SCHOLARSHIP 1,000
    KYLE NICHOLSON
    UNIVERSITY OF NORTH CAROLINA - WILMING
    601 S COLLEGE ROAD
    WILMINGTON,NC28403
    NONE I SCHOLARSHIP 1,000
    DAWSON BURNETTE
    UNIVERSITY OF NEW BRUNSWICK
    IUC PHYSICS AND ADMIN BUILDING ROO
    FREDERICTON,BRITISH COLUMBIAE3B SA3
    CA
    NONE I SCHOLARSHIP 1,000
    ROBERT DENEGRE
    WESLEYAN UNIVERSITY
    237 HIGH STREET
    MIDDLETOWN,CT06459
    NONE I SCHOLARSHIP 1,000
    MDI RACIAL EQUITY WORKING GROUP
    C/O YWCA
    36 MT DESERT STREET
    BAR HARBOR,ME04609
    NONE PC CHARITABLE CONTRIBUTION 5,000
    HARBOR HOUSE COMMUNITY SERVICE CENTER
    PO BOX 836
    SOUTHWEST HARBOR,ME04679
    NONE PC CHARITABLE CONTRIBUTION 10,000
    BAR HARBOR VILLAGE IMPROVEMENT
    ASSOC
    PO BOX 52
    BAR HARBOR,ME04609
    NONE PC CHARITABLE CONTRIBUTION 2,000
    THANKSGIVING BASKET PROJECT
    29 MOUNT DESERT STREET
    BAR HARBOR,ME04609
    NONE PC CHARITABLE CONTRIBUTION 2,500
    ACADIAN YOUTH SPORTS
    37 CRYSTAL LANE
    TRENTON,ME04605
    NONE PC CHARITABLE CONTRIBUTION 2,000
    PIERCE DIMAURO
    COLUMBIA UNIV SCHOOL OF NURSING
    560 W 168TH STREET 1ST FLOOR
    NEW YORK,NY10032
    NONE I SCHOLARSHIP 1,000
    KAI FOX
    STANFORD UNIVERSITY
    355 GALVEZ STREET
    STANFORD,CA94305
    NONE EDUCATION SCHOLARSHIP 1,000
    DESMOND REIFSNYDER
    MUHLENBERG COLLEGE
    2400 CHEW STREET
    ALLENTOWN,PA18104
    NONE I SCHOLARSHIP 1,000
    MEI COOK
    HIGH POINT UNIVERSITY
    ONE UNIVERSITY PARKWAY
    HIGH POINT,NC27268
    NONE I SCHOLARSHIP 1,000
    LINDSEY MCEACHERN
    BENTLEY UNIVERSITY
    175 FOREST STREET
    WALTHAM,MA02452
    NONE I SCHOLARSHIP 1,000
    HANNAH VIECHNICKI
    WHEATON COLLEGE
    26 EAST MAIN STREET
    NORTON,MA02766
    NONE EDUCATION SCHOLARSHIP 1,000
    CAMILLE MICHAUD
    UNIVERSITY OF MAINE - ORONO
    5703 ALUMNI HALL ROOM 100
    ORONO,ME04469
    NONE I SCHOLARSHIP 1,000
    EMILY MCCARTHY
    ACADIA UNIVERSITY
    15 UNIVERSITY AVENUE
    WOLFVILLE,NOVA SCOTIAB4P 2R6
    CA
    NONE I SCHOLARSHIP 1,000
    DELANEY SHIELDS
    JOHNSON & WALES UNIVERSITY
    PO BOX 5956
    PROVIDENCE,RI02903
    NONE EDUCATION SCHOLARSHIP 1,000
    LILY CRIKELAIR
    OBERLIN COLLEGE
    52 W LORAIN STREET
    OBERLIN,OH44074
    NONE EDUCATION SCHOLARSHIP 1,000
    YWCA OF MOUNT DESERT ISLAND
    C/O JACKIE DAVIDSON
    21 PARK STREET
    BAR HARBOR,ME04609
    NONE PC SUPPORT 5,000
    BAR HARBOR HISTORICAL SOCIETY
    33 LEDGELAWN AVE
    BAR HARBOR,ME04609
    NONE PC SUPPORT 2,000
    CRITERION THEATER
    35 COTTAGE ST
    BAR HARBOR,ME04609
    NONE PC SUPPORT 2,640
    BAR HARBOR FOOD PANTRY
    36 MT DESERT ST
    BAR HARBOR,ME04609
    NONE PC SUPPORT FOR CURRENT PGMS & 25,000
    Total .................................bullet 3a 267,945
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code
    (b)
    Amount
    (c)
    Exclusion code
    (d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........
             
    4 Dividends and interest from securities....     14 133,969  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............
        18 411,953  
    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)..   545,922  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    545,922
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow
    Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    HATTIE A AND FRED C LYNAM TRUST
    EIN:
    01-0222218
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 450 225   225

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    HATTIE A AND FRED C LYNAM TRUST
    EIN:
    01-0222218
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BEST BUY INC 5.5% 03/15/21    
    BLOCK FINL CORP 5.5% 11/01/22 100,472 106,279
    DOUBLELINE TOTAL RETURN BOND F 679,043 670,145
    KENNEDY WILSON INC 5.875% 04/0 75,802 76,125
    LKQ CORP 4.75% 05/15/23    
    MCDONALDS CORP 2.2% 05/26/20    
    CHENIERE ENERGY INC 4.25% 03/1 43,918 46,876
    AIR LEASE CORP 3.375% 6-1-21 89,663 90,960
    AMERICAN INTL GRP 3.3% 3-1-21 89,843 90,189
    NVR INC 3.95% 9-15-22 99,495 105,186
    QUALCOMM INC 2.25% 5/20/20    
    ABERDEEN ASIA PACIFIC INCOM 40,827 44,500
    BUNGE LTD 4.875% 93,834 95,920
    EQUITY COMMONWEALTH 6.5% 24,462 29,880
    EMERSON ELECTRIC CO .875% 15 O 99,725 100,654
    KRAFT HEINZ FOODS CO 3% 01 JUN 50,018 52,214
    PHILLIPS 66 2.15% 15 DEC 2030 29,229 30,455
    QUADRATIC INTEREST RATE VOLATI 81,895 83,910
    US BANCORP FLOATING 3.5% 91,916 99,080

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    HATTIE A AND FRED C LYNAM TRUST
    EIN:
    01-0222218
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMERICAN TOWER CORP NEW    
    BAR HARBOR BANKSHARES 265 60,993
    JOHNSON & JOHNSON COM 67,594 165,249
    MICROSOFT CORP    
    AMERICAN EXPRESS CO COM    
    EQUITY COMWLTH CUM PFD S D 6.5    
    VANGUARD EMERGING MKT STOCK IN 146,223 188,423
    VISA INC 97,649 156,937
    VIVENDI SA    
    FAIRFAX FINANCIAL HOLDING    
    AP MOLLAR MAERSK    
    SANDSTORM GOLD LTD 98,840 137,951
    US BANCORP    
    VANGUARD REAL ESTATE ETF 61,535 84,930
    KINDER MORGAN INC    
    BARRICK GOLD CORP 41,114 72,896
    BRISTOL MYERS SQUIBB CO    
    CANADIAN NAT RESOURCES LTD    
    GENERAL MILLS INC 100,689 147,000
    MASCO CORP    
    NINTENDO CO 96,282 168,689
    SCIENCE APPLICATIONS INTL    
    WPP PLC NEW    
    WEYERHAEUSER CO    
    AXIS CAPITAL HOLDINGS    
    CORE LABORATORIES    
    COMCAST CORP 96,898 134,144
    TEXAS PACIFIC LAND TRUST 122,638 149,035
    BROWN & BROWN INC 95,450 118,525
    INTERCONTINENTAL EXCHANGE INC 83,495 96,382
    RENAISSANCERE HOLDINGS LTD 78,754 74,619
    CVS HEALTH CORP 107,758 105,524
    FEDEX CORP 105,218 194,715
    INSPERITY INC 59,198 81,420
    PARKER HANNIFIN CORP 54,011 117,954
    BOOZ ALLEN HAMILTON HOLDING CO 103,895 110,283
    FIDELITY NATIONAL INFORMATION 106,739 106,095
    IHS MARKIT LTD 103,762 125,762
    QUALCOMM INC 101,788 181,285
    EQUITY COMMONWEALTH 105,752 84,895
    WOLTERS KLUWER NV 81,699 86,458
    CIE FINANCIERE RICHEMONT SA 97,058 115,675
    BROOKFIELD ASSET MANAGEMENT IN 113,614 137,429
    NOVO NORDISK A/S 105,216 123,635
    GRUPO AEROPORTUARIO DEL SUREST 84,314 87,413

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    HATTIE A AND FRED C LYNAM TRUST
    EIN:
    01-0222218
    US Government Securities - End of Year Book Value:

    159,161
    US Government Securities - End of Year Fair Market Value:

    211,489
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2020 OtherDecreasesSchedule
    Name:
    HATTIE A AND FRED C LYNAM TRUST
    EIN:
    01-0222218
    Description Amount
    2020 INCOME POSTED IN 2021 2,214
    COST BASIS ADJ FOR 2020 ROC 7,581
    2019 ACCRUED INT USED IN 2020 24
    COST BASIS ADJ FOR 2019 ROC 2,624


    TY 2020 OtherExpensesSchedule
    Name:
    HATTIE A AND FRED C LYNAM TRUST
    EIN:
    01-0222218
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSE (NON-DEDUCTIBLE 585 292   0
    OTHER NON-ALLOCABLE EXPENSE - 430 215   215


    TY 2020 OtherIncreasesSchedule
    Name:
    HATTIE A AND FRED C LYNAM TRUST
    EIN:
    01-0222218
    Description Amount
    2019 TRANS POSTED TO 2020 3,902
    STOPPED STALE CHECK 2,640


    TY 2020 TaxesSchedule
    Name:
    HATTIE A AND FRED C LYNAM TRUST
    EIN:
    01-0222218
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 3,824 3,824   0
    FOREIGN TAXES ON QUALIFIED FOR 176 176   0
    FOREIGN TAXES ON NONQUALIFIED 391 391   0
    FEDERAL ESTIMATES - PRINCIPAL 6,397 0   0