Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE HENRY S & AGNES M TRUZACK FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)827 GRANDVIEW AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WESTFIELD, NJ07090
A Employer identification number

13-7448454
B Telephone number (see instructions)

(908) 273-3011
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$2,478,356J 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... 43,212 43,212 43,212
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 58,798
b Gross sales price for all assets on line 6a 483,942
7 Capital gain net income (from Part IV, line 2)... 58,798
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 6,860    
12 Total. Add lines 1 through 11........ 108,870 102,010 43,212
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 12,958 5,831   7,127
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,000     2,000
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...   697    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 1,960     1,960
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 16,918 6,528   11,087
25 Contributions, gifts, grants paid....... 87,330 87,330
26 Total expenses and disbursements. Add lines 24 and 25 104,248 6,528   98,417
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,622
b Net investment income (if negative, enter -0-) 95,482
c Adjusted net income (if negative, enter -0-)... 43,212
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......... 172,251 232,848 232,848
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,165,963 2,245,508 2,245,508
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) 2,338,214 2,478,356 2,478,356
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........... 2,338,214  
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 2,338,214 2,478,356
30 Total liabilities and net assets/fund balances (see instructions). 2,338,214 2,478,356
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
2,338,214
2
Enter amount from Part I, line 27a .....................
2
4,622
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
135,520
4
Add lines 1, 2, and 3 ..........................
4
2,478,356
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,478,356
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 2000 PROSHARES ULTRAPRO SHORT S&P500 P 2020-04-09 2020-12-22
b 123 FLUTTER ENTERTAINM ORDF P 2020-12-10 2020-12-15
c 2000 CAPITOL BANCORP 8.5%PFD DUE 12/31/27 SUBJ TO XTRO REDEMPTION P 2008-12-30 2020-12-11
d 192 HYRECAR INC 00500 P 2019-05-23 2020-12-09
e 100 HYRECAR INC 00500 P 2019-05-23 2020-12-09
0.801 VIATRIS INC P 2009-10-16 2020-11-17
108 HYRECAR INC 00500 P 2019-05-23 2020-12-09
1100 HYRECAR INC 00500 P 2019-05-23 2020-12-09
1500 ITERIS INC P 2018-04-02 2020-12-03
750 DROPBOX INC P 2020-07-16 2020-11-12
550 DROPBOX INC P 2020-09-22 2020-11-12
25000 PARK-OHIO HOLDI 6.625%27 DUE 04/15/27 P 2019-09-06 2020-11-09
1500 PENNANTPARK INVESTMENT O P 2014-04-23 2020-10-23
1000 CLEVELAND-CLIFFS INC P 2017-09-27 2020-10-20
100 CLEVELAND-CLIFFS INC P 2017-09-27 2020-10-20
100 CLEVELAND-CLIFFS INC P 2017-09-27 2020-10-20
600 MACYS INC P 2019-08-08 2020-08-03
0.915 FLUTTER ENTERTAINME ORDF LONDON SHARES P 2018-07-30 2020-07-28
1500 FIVE PRIME THERAPEUT P 2019-07-01 2020-06-25
1000 INVITAE CORP P 2017-09-13 2020-06-22
1500 INVITAE CORP P 2018-01-18 2020-06-22
2000 NORTHERN DYN MINERL F P 2018-01-22 2020-06-09
2000 NORTHERN DYN MINERL F P 2018-01-31 2020-06-09
400 SIX FLAGS ENTERTAINM P 2019-11-07 2020-04-09
500 BRUNSWICK CORP P 2012-05-08 2020-04-09
400 SIX FLAGS ENTERTAINM P 2020-01-10 2020-04-09
300 2U INC P 2019-08-29 2020-04-07
250 NINTENDO LTD F SPONSORED ADR 1 ADR RE 0.125 ORD SHS P 2019-07-17 2020-04-07
250 MORPHOSYS AG F UNSPONSORED ADR 1 ADR REP 0.25 ORD SHS P 2018-11-29 2020-04-07
350 KNIGHT SWIFT TRANSPORTAT CLASS A P 2018-10-10 2020-04-07
100 ISHARES US AEROSPACE DEFENSE ETF P 2014-01-28 2020-03-26
77 AIR LEASE CORP CLASS A P 2016-11-04 2020-03-26
323 AIR LEASE CORP CLASS A P 2016-11-04 2020-03-26
750 SITE CTRS CORP P 2018-05-15 2020-03-17
250 JD COMMON INC F SPONSORED ADR 1 ADR REPS 2 ORD SHS P 2017-06-23 2020-03-02
200 QUALCOMM INC P 2014-10-09 2020-02-28
175 OMRON CORP F SPONSORED ADR 1 ADR REPS 1 ORD SHS P 2019-03-15 2020-02-25
480 SMITH A O P 2013-04-17 2020-02-14
520 SMITH A O P 2013-04-17 2020-02-14
150 SKYWORKS SOLUTIONS P 2017-04-06 2020-02-13
1000 CALIX NETWORKS INC P 2019-05-24 2020-02-13
1000 CALIX NETWORKS INC P 2019-03-07 2020-02-13
300 INTEL CORP P 2011-03-15 2020-02-13
100 ITRON INC P 2018-06-15 2020-02-13
150 ITRON INC P 2019-03-12 2020-02-13
50 ITRON INC P 2018-06-15 2020-02-13
50 HUMANA INC P 2019-03-20 2020-02-07
(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 12,462   36,120 -23,658
b 25,042   16,751 8,291
c     9,000 -9,000
d 1,411   817 594
e 735   426 309
13   6 7
789   459 330
8,085   4,701 3,384
7,668   7,291 377
14,219   15,360 -1,141
10,427   10,518 -91
24,983   24,518 465
4,594   16,439 -11,845
7,930   7,380 550
794   738 56
794   738 56
3,584   12,290 -8,706
134   142 -8
9,750   9,482 268
25,132   9,316 15,816
37,699   10,206 27,493
2,702   3,362 -660
2,702   2,120 582
6,846   17,465 -10,619
19,117   11,814 7,303
6,847   14,435 -7,588
6,197   5,203 994
12,634   11,887 747
6,248   7,262 -1,014
11,461   11,243 218
15,594   10,591 5,003
2,099   2,533 -434
8,808   10,625 -1,817
4,800   8,166 -3,366
10,874   10,487 387
15,011   14,547 464
9,805   8,123 1,682
21,007   8,317 12,690
22,757   9,012 13,745
18,235   14,812 3,423
9,973   6,479 3,494
9,973   7,801 2,172
20,208   6,046 14,162
8,701   5,787 2,914
13,048   7,548 5,500
4,350   2,894 1,456
17,700   13,887 3,813
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       -23,658
b       8,291
c       -9,000
d       594
e       309
      7
      330
      3,384
      377
      -1,141
      -91
      465
      -11,845
      550
      56
      56
      -8,706
      -8
      268
      15,816
      27,493
      -660
      582
      -10,619
      7,303
      -7,588
      994
      747
      -1,014
      218
      5,003
      -434
      -1,817
      -3,366
      387
      464
      1,682
      12,690
      13,745
      3,423
      3,494
      2,172
      14,162
      2,914
      5,500
      1,456
      3,813
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 58,798
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 -24,842
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 1,327
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 1,327
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,327
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 3,140
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,140
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,813
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,813 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNJ
    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 .Click to see attachment
    8b
     
    No
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletPAUL STIERHOFF Telephone no.bullet (908) 273-3011

    Located atbullet827 GRANDVIEW AVENUEWESTFIELDNJ ZIP+4bullet07090
    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
    PAUL STIERHOFF Trustee
    9.00     		10,798    
    827 GRANDVIEW AVENUE
    WESTFIELD,NJ07090
    VALERIE STIERHOFF Trustee
    3.00     		2,160    
    827 GRANDVIEW AVE
    WESTFIELD,NJ07090
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,877,365
    b
    Average of monthly cash balances.......................
    1b
    278,505
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,155,870
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    2,155,870
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    32,338
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,123,532
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    106,177
    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
    106,177
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,327
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,327
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    104,850
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    104,850
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    104,850
    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
    98,417
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    98,417
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    98,417
    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 7 104,850
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018...... 6,207
    e From 2019...... 9,057
    fTotal of lines 3a through e........ 15,264
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 98,417
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 98,417
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020. 6,433 6,433
    (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 8,831
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		8,831
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019.... 8,831
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    NEW JERSEY INTERGENERATIONAL ORCHES
    570 CENTRAL AVENUE
    NEW PROVIDENCE,NJ07974     		NONE PUBLIC PROVIDE TALENTED YOUNG MUSICIANS WITH AN ORCHESTRAL TRAINING EXPERIENCE THAT WOULD ENABLE THEM TO REACH THEIR HIGHEST POTENTIAL AS PERFORMERS AND LISTENERS. 3,000
    YOUTH ORCHESTRA OF ESSEX CO
    PO BOX 1409
    MAPLEWOOD,NJ07040     		NONE PUBLIC PROVIDES ELEMENTARY THROUGH HIGH SCHOOL STUDENTS AN ADVANCED ORCHESTRAL & CONCERT EXPERIENCE. PROVIDES A VARIETY OF PERFORMANCE VENUES TO EXTEND THE EXPERIENCE LEVEL AND MUSIC APPRECIATION OF YOUNG MUSICIANS. 4,000
    DREW UNIVERSITY
    36 MADISON AVENUE
    MADISON,NJ07940     		NONE PUBLIC UNDERGRADUATE AND GRADUATE NEED OF STUDENTS. 10,000
    NEW JERSEY SEEDS
    494 BROAD STREET ST105
    NEWARK,NJ07102     		NONE PUBLIC PREPARES ACADEMICALLY-TALENTED, FINANCIALLY-LIMITED STUDENTS FOR SUCCESS AT COMPETATIVE SECONDARY SCHOOLS AND COLLEGES. 2,000
    FURNITURE ASSIST
    398 CHESTNUT STREET
    UNION,NJ07083     		NONE PUBLIC TO ACCEPT DONATIONS OF FURNITURE AND HOUSEHOLD ITEMS TO PROVIDE THOSE ITEMS FREE OF CHARGE TO INDIVIDUALS IN NEED. 10,000
    PAPER MILL PLAYHOUSE
    BROOKSIDE DRIVE
    MILLBURN,NJ07041     		NONE PUBLIC AMERICAN MUSICAL THEATRE ARTISTIC AND EDUCATION CENTER - TRAINING YOUNG ARTISTS AND ENSURING THEATRE ACCESSIBLE TO ALL. 1,000
    WHARTON INSTITUTE FOR THE PERFORMIN
    60 LOCUST AVE
    BERKELEY HTS,NJ07922     		NONE PUBLIC OUTREACH 20,000
    ELIZABETH COALITION TO HOUSE HOMELE
    118 DIVISION STREET
    ELIZABETH,NJ07201     		NONE PUBLIC TO ASSIST THE HOMELESS IN UNION COUNTY, NJ 1,500
    IMAGINE - A CENTER FOR COPING WITH
    244 SHEFFIELD STREET
    MOUNTAINSIDE,NJ07092     		NONE PUBLIC AN ORGANIZATION TO ASSIST GRIEVING CHILDREN, TEENS, PARENTS AND ADULTS DEAL WITH LOSS OF LOVED ONES. 10,000
    NEWARK TRUST FOR EDUCATION
    494 BROAD STREET SUITE LL-30
    NEWARK,NJ07102     		NONE PC NEWARK, NJ BASED. FOCUSES ON CRITICAL ISSUES FACED BY SCHOOL LEADERS, FACULTY AND STUDENTS. CURRENTLY FOCUSING ON SOCIAL, EMOTIONAL SUPPORT AND HELPING SCHOOLS IN AREAS OF MENTAL HEALTH AND TRAUMA PROGRAMMING. 5,000
    NEWARK BOYS CHORUS SCHOOL
    1016 BROAD STREET
    NEWARK,NJ07102     		NONE PC INDEPENDENT DAY SCHOOL IN NEWARK, NJ PROVIDING UNIQUE ACADEMIC AND MUSICAL EDUCATION FOR AT-RISK MIDDLE SCHOOL BOYS IN NEWARK AREA. 4,000
    JAZZ HOUSE KIDS
    347 BLOOMFIELD AVENUE LOWER LEVEL
    MONTCLAIR,NJ07042     		NONE PC MUSICAL, EDUCATIONAL AND CULTURAL PROGRAMS FOR STUDENTS 1,000
    UNION COUNTY COLLEGE FOUNDATION
    1033 SPRINGFIELD AVENUE
    CRANFORD,NJ07016     		NONE PC SUPPORT OF THE EDUCATION GOALS OF THE COLLEGE 2,000
    COUNCIL OF NEW JERSEY GRANTMAKERS
    111 WEST STATE STREET
    TRENTON,NJ08608     		NONE PC CENTER FOR PHILANTHROPY IN NJ 830
    FISH HOSPITALITY PROGRAM INC
    PO BOX 170
    DUNELLEN,NJ08812     		NONE PC PROVIDE TEMPORARY SHELTER AND MEALS TO THE HOMELESS 2,000
    VH1 SAVE THE MUSIC FOUNDATION
    PO BOX 2096
    NEW YORK,NY10108     		NONE PC NEWARK PUBLIC SCHOOLS MUSIC EDUCATION REBUILD 5,000
    ROOTS WINGS
    75 BLOOMFIELD AVENUE STE 303
    DENVILLE,NJ07834     		NONE PC HOUSING, EDUCATION, COUNSELING FOR YOUNG ADULTS 1,000
    THE PRESBYTERIAN CHURCH IN WESTFIEL
    140 MOUNTAIN AVE
    WESTFIELD,NJ07090     		NONE PC SUPPORT THE AGAPE COMMUNITY KITCHEN WHICH SERVES ABOUT 180 FOOD INSECURE NEIGHBOORS. 5,000
    Total .................................bullet 3a 87,330
    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....         43,212
    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 ............     		        58,798
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aAIG LITIGATIONA     		         
    bAMGEN LITIGATION          
    cCAPITAL GAIN DISTRIBUTION       346  
    dCASH LIQUIDATION DISTRIBU          
    eNon Dividend Distribution       3,155  
    fSECTION 199A DIVIDENDS       3,359  
    12 Subtotal. Add columns (b), (d), and (e)..   6,860 102,010
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    108,870
    (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.)
    4 INCOME EARNED ON FOUNDER'S FUNDS TO INCREASE INVESTMENTS.
    8 TO REALLOCATE FUNDS INCREASING INVESTMENTS.
    11b INCOME EARNED ON FOUNDER'S FUNDS TO INCREASE INVESTMENTS.
    11c INCOME EARNED ON FOUNDER'S FUNDS TO INCREASE INVESTMENTS.
    11d INCOME EARNED ON FOUNDER'S FUNDS TO INCREASE INVESTMENTS.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE HENRY S & AGNES M TRUZACK FOUNDATION
    EIN:
    13-7448454
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BARRE & CO. 2,000 0 0 2,000

    TY 2020 ExplnOfNonFilingWithAGStmt
    Name:
    THE HENRY S & AGNES M TRUZACK FOUNDATION
    EIN:
    13-7448454
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Statement:
    UNDER THE NEW JERSEY CRI ACT, THE ORGANIZATION RECEIVES LESS THAN $10,000 OF GROSS DONATIONS, AND THEREFORE, IS NOT REQUIRED TO MAINTAIN REGISTRATION WITH THE N.J. CHARITIES REGISTRATION SECTION.

    TY 2020 OtherExpensesSchedule
    Name:
    THE HENRY S & AGNES M TRUZACK FOUNDATION
    EIN:
    13-7448454
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES 825     825
    MILEAGE 416     416
    OTHER EXPENSES 365     365
    PARKING/TOLLS 115     115
    POSTAGE 69     69
    SUPPLIES 170     170


    TY 2020 OtherIncomeSchedule2
    Name:
    THE HENRY S & AGNES M TRUZACK FOUNDATION
    EIN:
    13-7448454
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CAPITAL GAIN DISTRIBUTION 346    
    Non Dividend Distribution 3,155    
    SECTION 199A DIVIDENDS 3,359    


    TY 2020 TaxesSchedule
    Name:
    THE HENRY S & AGNES M TRUZACK FOUNDATION
    EIN:
    13-7448454
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID   697