Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE FALCON CHARITABLE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)C/O ROBERT B GREGORY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DAMARISCOTTA, ME04543
A Employer identification number

22-3340779
B Telephone number (see instructions)

(207) 563-8104
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$6,747,949J 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) 49,937
2 Check bullet.............
3 Interest on savings and temporary cash investments 22 22  
4 Dividends and interest from securities... 130,056 129,191  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 6,096
b Gross sales price for all assets on line 6a 66,907
7 Capital gain net income (from Part IV, line 2)... 0
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)..... 0  
11 Other income (attach schedule)....... Click to see attachment 3,600    
12 Total. Add lines 1 through 11........ 189,711 129,213 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 38,000      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0      
b Accounting fees (attach schedule)....... Click to see attachment 1,755      
c Other professional fees (attach schedule).... Click to see attachment 46,740 46,740    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 27,918 1,390    
19 Depreciation (attach schedule) and depletion... Click to see attachment 694    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 10,820      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 125,927 48,130   0
25 Contributions, gifts, grants paid....... 85,450 85,450
26 Total expenses and disbursements. Add lines 24 and 25 211,377 48,130   85,450
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -21,666
b Net investment income (if negative, enter -0-) 81,083
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............. 15,392 127,116 127,116
2 Savings and temporary cash investments......... 176,003 166,072 166,072
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).....   0  
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet     0  
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)....... 4,289,405 Click to see attachment4,311,161 5,300,557
c Investments—corporate bonds (attach schedule)....... 1,185,080 Click to see attachment1,104,216 1,154,204
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   0  
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet   55,951 0  
15 Other assets (describe bullet) Click to see attachment8,400 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,730,231 5,708,565 6,747,949
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe bullet) 0 0
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 5,730,231 5,708,565
29 Total net assets or fund balances (see instructions)..... 5,730,231 5,708,565
30 Total liabilities and net assets/fund balances (see instructions). 5,730,231 5,708,565
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
5,730,231
2
Enter amount from Part I, line 27a .....................
2
-21,666
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
5,708,565
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
5,708,565
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 13 ABBOTT LABS P 2019-07-01 2020-01-14
b 9 ABBOTT LABS P 2019-07-01 2020-01-14
c 8 ASHLAND GLOBAL P 2019-01-28 2020-01-14
d 5 ASHLAND GLOBAL P 2019-04-28 2020-01-14
e 20 AT&T P 2019-09-06 2020-01-14
14 AT&T P 2020-01-08 2020-01-14
13 AT&T P 2020-02-28 2020-11-24
193.543 BAIRD CORE PLUS BOND P 2020-01-08 2020-03-19
16 BANK UNITED P 2019-01-28 2020-01-14
10 BANK UNITED P 2020-01-08 2020-01-14
855 BANK UNITED P 2019-09-06 2020-03-11
3 BLACKROCK P 2019-09-06 2020-01-14
329.254 BLACKROCK STRATEGIC INCOME P 2019-09-06 2020-01-15
96.702 BNY MELLON INTL BOND P 2019-09-06 2020-01-15
68.222 BNY MELLON INTL BOND P 2019-09-06 2020-01-15
198.188 BROWN ADV SM CAP P 2019-09-06 2020-01-15
79.554 BROWN ADV SM CAP P 2019-09-12 2020-01-15
12 CANADIAN NATIONAL RR P 2019-09-06 2020-01-14
9 CATERPILLAR P 2020-09-02 2020-11-24
13 CHARLES SCHWAB P 2019-01-28 2020-01-14
9 CHARLES SCHWAB P 2020-01-08 2020-01-14
8.0009 CHEVRON P 2019-05-21 2020-01-14
4.9991 CHEVRON P 2019-05-21 2020-01-14
16.9977 CISCO SYS P 2019-09-06 2020-01-14
12.0023 CISCO SYS P 2019-09-06 2020-01-14
234.406 CREDIT SUISSE P 2020-01-08 2020-01-15
5.9997 DIGITAL RLTY TR P 2020-01-08 2020-01-15
4.0003 DIGITAL RLTY TR P 2019-09-06 2020-01-14
8 EATON CORP P 2019-09-06 2020-01-14
4 EATON CORP P 2020-01-08 2020-01-14
3.9997 ECOLAB P 2019-09-06 2020-01-14
3.0003 ECOLAB P 2019-09-06 2020-01-14
9 EXXON MOBIL P 2019-01-28 2020-01-14
6 EXXON MOBIL P 2019-01-28 2020-01-14
480 EXXON MOBIL P 2019-09-06 2020-02-28
20 FIRST REP BANK P 2019-09-06 2020-01-14
10 GILEAD SCIENCES P 2020-03-11 2020-11-24
5 GOLDMAN SACHS P 2019-09-06 2020-01-14
57.433 GOLDMAN SACHS EMG MKTS P 2019-09-16 2020-01-15
40.971 GOLDMAN SACHS EMB MKTS P 2019-09-06 2020-01-15
7 HONEYWELL P 2020-06-25 2020-11-24
34 INTEL P 2019-09-16 2020-01-14
4 JOHNSON & JOHNSON P 2020-01-08 2020-11-24
13 JP MORGAN CHASE P 2019-09-16 2020-01-14
17 KELLOGG P 2019-09-16 2020-01-14
665.776 LAZARD INTL STR EQTY P 2019-09-16 2020-01-15
1 LOWES P 2020-03-27 2020-11-24
170 MERCK P 2019-09-16 2020-03-27
749.9932 MET WEST T/R BOND P 2019-09-06 2020-01-15
543.3028 MET WEST T/R BOND P 2019-09-06 2020-01-15
9236.008 MET WEST T/R BOND P 2019-09-06 2020-03-19
17 NAT RETAIL PPTYS P 2019-09-06 2020-01-14
11 NAT RETAIL PPTYS P 2019-09-06 2020-01-14
897 NAT RETAL PPTYS P 2019-09-06 2020-03-27
1427.395 OPPENHEIMER DEV MKTS P 2019-09-06 2020-05-27
10 PEPSICO P 2019-09-06 2020-01-14
34 PFIZER P 2019-01-28 2020-01-14
13 PFIZER P 2020-01-08 2020-11-24
160.959 PRINCIPAL RE SEC P 2019-09-06 2020-01-15
15 QUEST DIAG P 2019-09-06 2020-01-14
6 RATHEON P 2019-09-06 2020-01-14
147 RATHEON P 2019-09-06 2020-03-11
141.142 ROBECO BOSTON PTRS L/S P 2020-01-08 2020-01-15
1 S&P SPDR P 2019-09-12 2020-01-08
8 S&P SPDR P 2019-09-12 2020-01-14
182 S&P SPDR P 2019-09-12 2020-05-27
232 S&P SPDR P 2019-09-12 2020-08-11
2 SHERWIN WILLLIAMS P 2020-03-27 2020-11-24
5.9997 STRYKER P 2019-09-06 2020-01-14
4.003 STRYKER P 2019-09-06 2020-01-14
885.416 TR PRICE OVERSEAS P 2019-09-06 2020-01-15
13 TARGET P 2019-09-16 2020-01-14
3 UNITED TECH P 2020-01-08 2020-01-14
190 UNITED TECH P 2019-09-06 2020-03-11
27 UTILITIES SELECT P 2019-09-06 2020-01-14
244 UTILITIES SELECT P 2019-09-06 2020-06-25
155.498 VANGUARD ST FED P 2019-09-06 2020-01-15
100.592 VABGUARD ST FED P 2019-09-06 2020-01-15
1.613 VIATRIS P 2020-01-08 2020-11-30
9 VISA P 2019-09-06 2020-01-14
5 WALT DISNEY P 2020-01-08 2020-01-14
16 ABBOTT LABS P 2019-09-06 2020-11-24
7 APPLE P 2016-03-01 2020-01-14
55 APPLE P 2016-03-01 2020-06-25
252 APPLE P 2016-03-01 2020-09-02
10 APPLE P 2019-09-06 2020-11-24
4 ASHLAND GLOBAL P 2018-06-12 2020-11-24
508.853 BAIRD CORE PLUS BOND P 2015-02-27 2020-01-15
269.618 BAIRD CORE PLUS BOND P 2015-02-27 2020-03-19
705.136 BAIRD CORD PLUS BOND P 2015-02-27 2020-08-11
127 BANKUNITED P 2019-01-28 2020-03-11
342.959 BLACKROCK MULTI ASSET P 2015-03-30 2020-01-15
220.383 BLACKROCK MULTI ASSET P 2015-03-30 2020-01-15
463.903 BLACKROCK STRAT INCOME P 2019-01-28 2020-08-11
5 CANADIAN NAT RR P 2019-09-06 2020-11-24
16 CHARLES SCHWAB P 2019-01-28 2020-11-24
11 CHEVRON P 2019-01-28 2020-11-24
15 CISCO SYS P 2019-09-06 2020-11-24
244.778 CREDIT SUISSE P 2014-08-14 2020-01-15
237.406 CREDIT SUISSE P 2014-08-14 2020-01-15
4 EATON CORP P 2019-09-06 2020-11-24
6 ECOLABS P 2019-09-06 2020-11-24
71 EXXON MOBIL P 2014-08-14 2020-02-28
37 FASTENAL P 2018-06-12 2020-01-14
19 FASTENAL P 2019-09-06 2020-11-24
10 FIRST REP BANK P 2019-08-12 2020-11-24
5 GOLDMAN SACHS P 2019-09-06 2020-11-24
21 INTEL P 2019-09-06 2020-11-24
43 RUSSELL 2000 P 2011-01-06 2020-01-14
9 JOHNSON & JOHNSON P 2010-02-16 2020-01-14
1 JOHNSON & JOHNSON P 2019-09-06 2020-11-24
11 JP MORGAN CHASE P 2019-09-06 2020-11-24
15 KELLOGG P 2019-09-06 2020-11-24
17 MERCK P 2013-06-03 2020-01-14
350 MERCK P 2010-02-16 2020-03-27
112 MERCK P 2010-02-16 2020-03-27
1490.11 MET WEST T/R BOND P 2015-01-26 2020-08-11
11 MICROSOFT P 2010-02-16 2020-01-14
43 MICROSOFT P 2019-01-28 2020-06-25
3 MICROSOFT P 2019-09-06 2020-11-24
152 NAT RETAIL PPYTS P 2019-01-28 2020-03-27
314.62 OPPENHEIMER DEV MKTS P 2014-08-12 2020-01-15
17 PAYCHEX P 2014-01-31 2020-01-14
11 PAYCHEX P 2019-09-06 2020-11-24
5 PEPSICO P 2019-09-06 2020-11-24
8 PFIZER P 2019-01-28 2020-11-24
9 PROCTER & GAMBLE P 2011-01-06 2020-01-14
2 PROCTER & GAMBLE P 2019-09-06 2020-11-24
11 QUEST DIAG P 2019-11-05 2020-11-24
61 RAYTHEON P 2019-02-13 2020-03-11
77.7 ROBECO BOSTON PTRS L/S P 2018-06-12 2020-01-15
141.142 ROBECO BOSTON PTRS L/S P 2018-06-12 2020-01-15
6766.822 ROBECO BOSTON PTRS L/S P 2018-06-12 2020-03-19
6835.117 ROBECO BOSTON PTRS L/S P 2018-06-12 2020-04-21
5 STRYKER P 2018-06-12 2020-11-24
4 TARGET P 2019-09-06 2020-11-24
30 TJX P 2015-11-22 2020-01-14
15 TJX P 2019-09-06 2020-11-24
6 UNITED TECH P 2015-12-22 2020-01-14
139 UNITED TECH P 2015-11-22 2020-03-11
11 UTILITIES SELECT P 2019-09-06 2020-11-24
361.534 VANGUARD ST FEDERAL P 2019-01-28 2020-08-11
.443 VIATRIS P 2019-01-28 2020-11-25
157.387 VIATRIS P 2019-01-28 2020-11-30
84.1026 VIRTUS SEIX FL RT P 2013-08-27 2020-01-15
54.1374 VIRTUS SEIX FL RT P 2013-08-24 2020-01-15
5213.179 VIRTUS SEIX FL RT P 2013-08-24 2020-03-19
5 VISA P 2019-09-06 2020-11-24
7 WALT DISNEY P 2015-12-22 2020-01-14
4 WALT DISNEY P 2019-09-06 2020-11-24
CAPITAL GAIN DISTRIBUTIONS P 2019-07-01 2020-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,112 0 1,123 -11
b 770 0 770 0
c 603 0 604 -1
d 377 0 377 0
e 761 0 726 35
533 0 533 0
380 0 452 -72
2,146 0 2,239 -93
562 0 545 17
351 0 361 -10
21,960 0 27,296 -5,336
1,563 0 1,359 204
3,293 0 3,276 17
1,473 0 1,477 -4
1,039 0 1,039 0
4,300 0 4,331 -31
2,034 0 2,034 0
1,127 0 1,117 10
1,586 0 1,333 253
622 0 617 5
431 0 431 0
929 0 968 -39
580 0 580 0
813 0 828 -15
574 0 574 0
1,092 0 1,099 -7
722 0 760 -38
482 0 482 0
756 0 663 93
378 0 378 0
761 0 824 -63
571 0 571 0
622 0 635 -13
415 0 415 0
23,666 0 33,772 -10,106
2,418 0 2,059 359
606 0 741 -135
1,232 0 1,070 162
721 0 723 -2
515 0 515 0
1,448 0 978 470
2,020 0 1,826 194
575 0 580 -5
1,812 0 1,588 224
1,186 0 1,126 60
10,393 0 10,097 296
156 0 87 69
12,232 0 14,798 -2,566
8,250 0 8,347 -97
5,976 0 5,976 0
97,625 0 102,797 -5,172
913 0 942 -29
591 0 591 0
30,657 0 49,593 -18,936
54,527 0 60,949 -6,422
1,366 0 1,366 0
1,356 0 1,356 0
475 0 509 -34
4,523 0 4,494 29
1,599 0 1,543 56
1,363 0 1,203 160
24,451 0 27,555 -3,104
2,229 0 2,236 -7
325 0 302 23
2,622 0 2,417 205
54,734 0 54,771 -37
78,183 0 63,591 14,592
1,477 0 929 548
1,246 0 1,328 -82
831 0 831 0
9,943 0 9,616 327
1,624 0 1,508 116
455 0 455 0
21,170 0 25,455 -4,285
1,745 0 1,718 27
13,549 0 15,447 -1,898
1,670 0 1,675 -5
1,080 0 1,080 0
27 0 0 27
1,764 0 1,695 69
725 0 725 0
1,721 0 1,381 340
2,200 0 696 1,504
19,864 0 7,742 12,122
32,985 0 6,261 26,724
1,151 0 533 618
311 0 319 -8
5,923 0 5,725 198
2,990 0 3,033 -43
8,631 0 7,933 698
3,262 0 4,322 -1,060
3,797 0 3,886 -89
2,440 0 2,440 0
4,672 0 4,477 195
553 0 465 88
788 0 760 28
1,042 0 1,341 -299
638 0 730 -92
1,126 0 1,770 -644
1,092 0 1,092 0
490 0 331 159
1,314 0 1,236 78
3,501 0 5,015 -1,514
1,362 0 986 376
929 0 603 326
1,340 0 941 399
1,177 0 1,039 138
989 0 1,059 -70
7,169 0 3,396 3,773
1,313 0 572 741
144 0 129 15
1,343 0 1,241 102
944 0 963 -19
1,525 0 836 689
25,183 0 13,258 11,925
8,058 0 7,695 363
17,390 0 16,436 954
1,788 0 311 1,477
8,501 0 4,513 3,988
639 0 418 221
5,195 0 7,786 -2,591
14,683 0 12,594 2,089
1,474 0 714 760
1,027 0 929 98
719 0 683 36
293 0 319 -26
1,123 0 583 540
277 0 247 30
1,386 0 1,116 270
10,146 0 11,081 -935
1,227 0 1,307 -80
2,229 0 2,229 0
80,864 0 102,655 -21,791
88,105 0 100,350 -12,245
1,205 0 1,121 84
714 0 443 271
1,877 0 1,053 824
967 0 848 119
910 0 565 345
15,488 0 14,089 1,399
705 0 696 9
3,980 0 3,811 169
7 0 0 7
2,677 0 26 2,651
708 0 757 -49
456 0 456 0
35,502 0 46,896 -11,394
1,059 0 927 132
1,015 0 745 270
603 0 546 57
13,655 0 0 13,655
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a 0 0 0 -11
b 0 0 0 0
c 0 0 0 -1
d 0 0 0 0
e 0 0 0 35
0 0 0 0
0 0 0 -72
0 0 0 -93
0 0 0 17
0 0 0 -10
0 0 0 -5,336
0 0 0 204
0 0 0 17
0 0 0 -4
0 0 0 0
0 0 0 -31
0 0 0 0
0 0 0 10
0 0 0 253
0 0 0 5
0 0 0 0
0 0 0 -39
0 0 0 0
0 0 0 -15
0 0 0 0
0 0 0 -7
0 0 0 -38
0 0 0 0
0 0 0 93
0 0 0 0
0 0 0 -63
0 0 0 0
0 0 0 -13
0 0 0 0
0 0 0 -10,106
0 0 0 359
0 0 0 -135
0 0 0 162
0 0 0 -2
0 0 0 0
0 0 0 470
0 0 0 194
0 0 0 -5
0 0 0 224
0 0 0 60
0 0 0 296
0 0 0 69
0 0 0 -2,566
0 0 0 -97
0 0 0 0
0 0 0 -5,172
0 0 0 -29
0 0 0 0
0 0 0 -18,936
0 0 0 -6,422
0 0 0 0
0 0 0 0
0 0 0 -34
0 0 0 29
0 0 0 56
0 0 0 160
0 0 0 -3,104
0 0 0 -7
0 0 0 23
0 0 0 205
0 0 0 -37
0 0 0 14,592
0 0 0 548
0 0 0 -82
0 0 0 0
0 0 0 327
0 0 0 116
0 0 0 0
0 0 0 -4,285
0 0 0 27
0 0 0 -1,898
0 0 0 -5
0 0 0 0
0 0 0 27
0 0 0 69
0 0 0 0
0 0 0 340
0 0 0 1,504
0 0 0 12,122
0 0 0 26,724
0 0 0 618
0 0 0 -8
0 0 0 198
0 0 0 -43
0 0 0 698
0 0 0 -1,060
0 0 0 -89
0 0 0 0
0 0 0 195
0 0 0 88
0 0 0 28
0 0 0 -299
0 0 0 -92
0 0 0 -644
0 0 0 0
0 0 0 159
0 0 0 78
0 0 0 -1,514
0 0 0 376
0 0 0 326
0 0 0 399
0 0 0 138
0 0 0 -70
0 0 0 3,773
0 0 0 741
0 0 0 15
0 0 0 102
0 0 0 -19
0 0 0 689
0 0 0 11,925
0 0 0 363
0 0 0 954
0 0 0 1,477
0 0 0 3,988
0 0 0 221
0 0 0 -2,591
0 0 0 2,089
0 0 0 760
0 0 0 98
0 0 0 36
0 0 0 -26
0 0 0 540
0 0 0 30
0 0 0 270
0 0 0 -935
0 0 0 -80
0 0 0 0
0 0 0 -21,791
0 0 0 -12,245
0 0 0 84
0 0 0 271
0 0 0 824
0 0 0 119
0 0 0 345
0 0 0 1,399
0 0 0 9
0 0 0 169
0 0 0 7
0 0 0 2,651
0 0 0 -49
0 0 0 0
0 0 0 -11,394
0 0 0 132
0 0 0 270
0 0 0 57
0 0 0 13,655
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 -903
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 -40,008
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 1,127
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 1,127
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 1,127
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 16,000
b Exempt foreign organizations—tax withheld at source...... 6b  
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.............. Part VI Line 7 - Original Return Overpayment: -16000 7 16,000
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 14,873
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet14,873 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)
    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 addressbulletN/A
    14
    The books are in care ofbulletROBERT B GREGORY Telephone no.bullet (207) 563-8104

    Located atbulletPO BOX 760DAMARISCOTTAME ZIP+4bullet04543
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
    No
    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
    ROBERT B GREGORY TRUSTEE
    5.00     		38,000 0 0
    PO BOX 760
    DAMARISCOTTA,ME04543
    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
    5,776,319
    b
    Average of monthly cash balances.......................
    1b
    124,950
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,901,269
    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
    5,901,269
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    88,519
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,812,750
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    290,638
    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
    290,638
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,127
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,127
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    289,511
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    289,511
    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
    289,511
    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
    85,450
    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
    85,450
    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
    85,450
    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 7 289,511
    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...... 227,500
    b From 2016...... 1,594,400
    c From 2017...... 100,000
    d From 2018...... 48,173
    e From 2019...... 2,344,884
    fTotal of lines 3a through e........ 4,314,957
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 85,450
    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.....  
    e Remaining amount distributed out of corpus 85,450
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 4,400,407
    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......     		 
    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 ..........     		289,511
    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) ...     		227,500
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		4,172,907
    10 Analysis of line 9:
    a Excess from 2016.... 1,594,400
    b Excess from 2017.... 100,000
    c Excess from 2018.... 48,173
    d Excess from 2019.... 2,344,884
    e Excess from 2020.... 85,450
    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).)
    MARY F FIORE
    MARY F FIORE TRUST
    JOSEPH A AND MARY F FIORE NIMCRUT
    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
    MAINE FARMLAND TRUST
    97 MAIN STREET
    BELFAST,ME04915     		  PUBLIC UNRESTRICTED 70,000
    STEPPING STONE HOUSING
    PO BOX 21
    DAMARISCOTTA,ME04543     		  PUBLIC UNRESTRICTED 10,450
    GEORGES RIVER LAND TRUST
    8 NORTH MAIN ST SUITE 200
    ROCKLAND,ME04841     		  PUBLIC UNRESTRICTED 5,000
    Total .................................bullet 3a 85,450
    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 ...........     		    14 22  
    4 Dividends and interest from securities....     14 130,056  
    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 -903 6,999
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory         3,600
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   129,175 10,599
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    139,774
    (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.)
    8 GAIN FROM SALE OF FOUNDATIONS ART STORAGE BUILDING
    10 GAIN FROM SALE OF FINAL PAINTINGS
    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:  
    Part VI Line 7 -Original Return Overpayment: -16,000


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    THE FALCON CHARITABLE FOUNDATION
     
    Employer identification number

    22-3340779
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    THE FALCON CHARITABLE FOUNDATION
          		Employer identification number
    22-3340779
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    ESTATE OF MARY F FIORE
    C/O ROBERT GREGORY PO BOX 760
     
    DAMARISCOTTA, ME04543

    		$ 49,937


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    THE FALCON CHARITABLE FOUNDATION
          		Employer identification number

    22-3340779
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    THE FALCON CHARITABLE FOUNDATION
          		Employer identification number

    22-3340779
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    THE FALCON CHARITABLE FOUNDATION
    EIN:
    22-3340779
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BRUCE A BACHELDER CPA 990 PF 1,755      

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

    TY 2020 DepreciationSchedule
    Name:
    THE FALCON CHARITABLE FOUNDATION
    EIN:
    22-3340779
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    STORAGE BUILDING 2009-01-01 70,000 14,049 SL 39.000000000000 694      

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

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    THE FALCON CHARITABLE FOUNDATION
    EIN:
    22-3340779
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    STORAGE BUILDING 2009-01   2020-07   66,907 70,000   4,651 6,999 14,743

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE FALCON CHARITABLE FOUNDATION
    EIN:
    22-3340779
    Name of Bond End of Year Book Value End of Year Fair Market Value
    8524.53 BNY MELLON INTL BOND 130,064 138,183
    18185.492 BAIRD CORE PLUS BOND 202,024 220,772
    12012.915 BLACKROCK STRATEGIC INCOME 118,871 124,574
    8889.543 FEDERATED HERMES INST HI YIELD 82,543 88,629
    3738.418 GOLDMAN SACHS TR EMG MKTS 46,516 48,001
    38547.245 METROPOLITAN WEST T/R BOND 423,451 430,958
    9363.019 VANGUARD S-T BOND INDEX 100,747 103,087

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE FALCON CHARITABLE FOUNDATION
    EIN:
    22-3340779
    Name of Stock End of Year Book Value End of Year Fair Market Value
    10396.638 OPPENHEIMER DEV MKTS 438,497 555,700
    1663 AT&T 58,708 47,828
    832 ABBOTT LABORATORIES 52,354 91,096
    622 APPLE 26,467 82,533
    473 ASHLAND GLOBAL HOLDINGS 36,820 37,462
    737 BANK OF AMERICA 15,933 22,338
    108 BLACKROCK 45,865 77,926
    12818.085BROWN ADV SM CAP 290,411 307,506
    453 CANADIAN NATIONAL RR 41,521 49,762
    223 CATTERPILLAR 33,022 40,590
    487 CHEVRON 42,565 41,127
    1082 CISCO SYSTEMS 52,018 48,420
    88 CINTAS 16,372 31,104
    439 DIGITAL RLTY TR 55,040 61,245
    433 DISNEY 54,518 78,451
    270 ECOLAB 43,030 58,417
    1366 FASTENAL 38,416 66,702
    750 FIRST REPUBLIC BANK 69,835 110,198
    690 GILEAD SCIENCES 51,119 40,199
    176 GOLDMAN SACHS 36,309 46,413
    297 HONEYWELL 41,497 63,172
    1264 INTEL 62,974 62,972
    1960 ISHARES RUSSELL 2000 291,300 384,278
    494 JP MORGAN CHASE 54,823 62,773
    352 JOHNSON AND JOHNSON 35,204 55,398
    953 KELLOGG 59,666 59,305
    27890.105 LAZARD INTL STRATEGIC EQTY 407,100 469,390
    189 LOWES 16,307 30,336
    385 MICROSOFT 21,408 85,632
    635 PAYCHEX 42,749 59,169
    365 PEPSICO 48,335 54,130
    1264 PFIZER 46,455 46,528
    439 PROCTER & GAMBLE 34,840 61,082
    243 QUALCOM 16,410 37,019
    642 QUEST DIAGNOSTICS 64,979 76,507
    37251.79 T ROWE PRICE OVERSEAS 383,794 448,139
    155 S&P 500 37,870 57,951
    832 CHARLES SCHWAB 34,071 44,129
    967 SPDR UTILITIES SELECT 59,459 60,631
    34 SHERWIN WILLIAMS 15,795 24,987
    379 STRYKER 66,039 92,870
    1115 TJX 55,261 76,143
    4810 TARGET 50,547 84,734
    352 VISA 61,833 76,993
    460 EATON CORP 36,921 55,266
    21368.839 BLACKROCK MULTI ASSETS INCOME 235,936 238,904
    27,209.301 CREDIT SUISSE COMM RET STRATEGY 138,666 124,619
    16508.496 RICHARD BERNSTEIN EV ALL ASSET 221,380 252,745
    6117.888 PRINCIPAL REAL ESTATE SECURITIES 170,722 159,738

    TY 2020 OtherAssetsSchedule
    Name:
    THE FALCON CHARITABLE FOUNDATION
    EIN:
    22-3340779
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ARTWORK OF JOSEPH A FIORE 8,400 0 0


    TY 2020 OtherExpensesSchedule
    Name:
    THE FALCON CHARITABLE FOUNDATION
    EIN:
    22-3340779
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GALLERY EXPENSE 10,820      


    TY 2020 OtherIncomeSchedule2
    Name:
    THE FALCON CHARITABLE FOUNDATION
    EIN:
    22-3340779
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SALE OF ART 3,600    


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE FALCON CHARITABLE FOUNDATION
    EIN:
    22-3340779
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FIRST FINANCIAL BANCORP INVESTMENT MANAGEMENT 46,740 46,740    


    TY 2020 TaxesSchedule
    Name:
    THE FALCON CHARITABLE FOUNDATION
    EIN:
    22-3340779
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 1,390 1,390    
    990 PF 26,528