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 TOW FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)50 LOCUST AVENUE STE 1
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW CANAAN, CT068404737
A Employer identification number

06-6484045
B Telephone number (see instructions)

(203) 761-6604
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$226,097,032
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books
(b) Net investment
income
(c) Adjusted net
income
(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 5,500,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,930,540 1,930,540  
4 Dividends and interest from securities... 1,366,168 1,366,168  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,676,809
b Gross sales price for all assets on line 6a 4,676,809
7 Capital gain net income (from Part IV, line 2)... 4,676,809
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)....... 2,518,609 2,518,609  
12 Total. Add lines 1 through 11........ 15,992,126 10,492,126  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 430,837 59,146   371,691
14 Other employee salaries and wages...... 786,412 33,833   752,579
15 Pension plans, employee benefits....... 130,104 9,571   120,533
16a Legal fees (attach schedule)......... 43,604 0   43,604
b Accounting fees (attach schedule)....... 13,383 6,692   6,691
c Other professional fees (attach schedule).... 441,915 412,380   29,535
17 Interest............... 401,369 401,369   0
18 Taxes (attach schedule) (see instructions)... 56,000 0   0
19 Depreciation (attach schedule) and depletion... 24,440 0  
20 Occupancy.............. 213,676 0   213,676
21 Travel, conferences, and meetings....... 33,099 0   33,099
22 Printing and publications.......... 6,545 0   6,545
23 Other expenses (attach schedule)....... 1,118,112 863,528   254,584
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,699,496 1,786,519   1,832,537
25 Contributions, gifts, grants paid....... 19,145,546 19,145,546
26 Total expenses and disbursements. Add lines 24 and 25 22,845,042 1,786,519   20,978,083
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,852,916
b Net investment income (if negative, enter -0-) 8,705,607
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 557,059 1,066,354 1,066,354
2 Savings and temporary cash investments......... 3,421,624 10,923,161 10,923,161
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) 41,383,317 Click to see attachment33,714,433 33,853,818
b Investments—corporate stock (attach schedule)....... 25,124,964 Click to see attachment24,666,169 46,224,683
c Investments—corporate bonds (attach schedule)....... 24,380,148 Click to see attachment22,888,668 23,506,937
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 54,759,108 Click to see attachment49,707,838 57,731,458
14 Land, buildings, and equipment: basis bullet139,433
Less: accumulated depreciation (attach schedule) bullet48,099 112,395 91,334 91,334
15 Other assets (describe bullet) Click to see attachment27,107,125 Click to see attachment27,107,125 Click to see attachment52,699,287
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 176,845,740 170,165,082 226,097,032
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) Click to see attachment80,596 Click to see attachment252,854
23 Total liabilities (add lines 17 through 22)......... 80,596 252,854
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........ 176,765,144 169,912,228
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 176,765,144 169,912,228
30 Total liabilities and net assets/fund balances (see instructions). 176,845,740 170,165,082
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
176,765,144
2
Enter amount from Part I, line 27a .....................
2
-6,852,916
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
169,912,228
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
169,912,228
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 FIRST REPUBLIC P    
b FIRST REPUBLIC P    
c MERRILL LYNCH P    
d MERRILL LYNCH P    
e VANGUARD P    
MERRILL LYNCH P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a 478,807     478,807
b 1,324,490     1,324,490
c 2,297,438     2,297,438
d 48,178     48,178
e 372,520     372,520
      0
155,376     155,376
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       478,807
b       1,324,490
c       2,297,438
d       48,178
e       372,520
      0
      155,376
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 4,676,809
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ...................
Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved
(b)
Reserved
(c)
Reserved
(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 121,008
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........................... 3 121,008
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- ..... 5 121,008
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 131,692
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 131,692
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 10,684
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet10,684 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)
    bulletCT
    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 addressbulletWWW.TOWFOUNDATION.ORG
    14
    The books are in care ofbulletSUSAN RANSDEN Telephone no.bullet (203) 761-6604

    Located atbullet50 LOCUST AVENUE STE 1NEW CANAANCT ZIP+4bullet068404737
    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
    AMY LEFKOF SECRETARY
    3.00
    0 0 0
    C/O THE TOW FOUNDATION 50 LOCUST
    AVENUE
    NEW CANAAN,CT06840
    ANDREW TOW VICE PRESIDENT
    2.00
    0 0 0
    C/O THE TOW FOUNDATION 50 LOCUST
    AVENUE
    NEW CANAAN,CT06840
    DAVID TOBIAS ASSISTANT TREASURER
    3.00
    0 0 0
    C/O THE TOW FOUNDATION 50 LOCUST
    AVENUE
    NEW CANAAN,CT06840
    EMILY TOW JACKSON PRESIDENT & EXEC. DIRECTOR
    40.00
    273,288 50,469 0
    C/O THE TOW FOUNDATION 50 LOCUST
    AVENUE
    NEW CANAAN,CT06840
    FRANK TOW VICE PRESIDENT
    2.00
    0 0 0
    C/O THE TOW FOUNDATION 50 LOCUST
    AVENUE
    NEW CANAAN,CT06840
    LEONARD TOW CHAIRMAN
    5.00
    0 0 0
    C/O THE TOW FOUNDATION 50 LOCUST
    AVENUE
    NEW CANAAN,CT06840
    MOLLY TOW DIRECTOR
    2.00
    0 0 0
    C/O THE TOW FOUNDATION 50 LOCUST
    AVENUE
    NEW CANAAN,CT06840
    OLIVIA TOW DIRECTOR
    2.00
    0 0 0
    C/O THE TOW FOUNDATION 50 LOCUST
    AVENUE
    NEW CANAAN,CT06840
    SCOTT SCHNEIDER TREASURER
    5.00
    0 0 0
    C/O THE TOW FOUNDATION 50 LOCUST
    AVENUE
    NEW CANAAN,CT06840
    SUSAN RANSDEN ASSISTANT SECRETARY
    30.00
    80,044 27,037 0
    C/O THE TOW FOUNDATION 50 LOCUST
    AVENUE
    NEW CANAAN,CT06840
    TERESA LAW DIRECTOR
    2.00
    0 0 0
    C/O THE TOW FOUNDATION 50 LOCUST
    AVENUE
    NEW CANAAN,CT06840
    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
    DIANE SIERPINA DIR. OF JUSTICE INIT
    40.00
    151,015 13,980 0
    C/O THE TOW FOUNDATION 50 LOCUST
    AVE
    NEW CANAAN,CT06840
    NADIA ALIA DIR. OF OPERATIONS
    40.00
    120,013 25,336 0
    C/O THE TOW FOUNDATION 50 LOCUST
    AVE
    NEW CANAAN,CT06840
    BEETA JAHEDI CHIEF OF STAFF
    40.00
    122,175 15,750 0
    C/O THE TOW FOUNDATION 50 LOCUST
    AVE
    NEW CANAAN,CT06840
    EILEEN C WISEMAN DIR. OF STRATEGIC IN
    40.00
    130,250 6,513 0
    C/O THE TOW FOUNDATION 50 LOCUST
    AVE
    NEW CANAAN,CT06840
    VICKIE VILAYSANE EXECUTIVE ASSISTANT
    40.00
    74,143 14,542 0
    C/O THE TOW FOUNDATION 50 LOCUST
    AVE
    NEW CANAAN,CT06840
    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
    CITIBANK FEES INVESTMENT MANAGER 229,739
    50 SUNNYSIDE AVE
    HEMPSTEAD,NY115506425
    MERRILL LYNCH TRUST CO INVESTMENT MANAGER 122,503
    1300 MERRILL LYNCH DR
    PENNINGTON,NJ08534
    FIRST REPUBLIC INVESTMENT MANAGER 60,038
    111 PINE ST
    SAN FRANCISCO,VA94111
    JOSEPH UCUZOGLU CRM DNA LLC SALESFORCE ADVISOR 52,250
    87 N RAYMOND AVE 925
    PASADENA,CA91103
    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.........................bullet0
    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
    154,534,430
    b
    Average of monthly cash balances.......................
    1b
    10,991,291
    c
    Fair market value of all other assets (see instructions)................
    1c
    52,281,151
    d
    Total (add lines 1a, b, and c).........................
    1d
    217,806,872
    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
    217,806,872
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    3,267,103
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    214,539,769
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    10,726,988
    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
    10,726,988
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    121,008
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    121,008
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    10,605,980
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    30,669
    5
    Add lines 3 and 4............................
    5
    10,636,649
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    10,636,649
    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
    20,978,083
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    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
    20,978,083
    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
    20,978,083
    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 10,636,649
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 627,114
    b From 2016...... 7,331,251
    c From 2017...... 6,773,777
    d From 2018...... 9,926,605
    e From 2019...... 10,382,473
    fTotal of lines 3a through e........ 35,041,220
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 20,978,083
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....
    0
    c Treated as distributions out of corpus (Election
    required—see instructions)........
    0
    d Applied to 2020 distributable amount..... 10,636,649
    e Remaining amount distributed out of corpus 10,341,434
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 45,382,654
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........
    0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......
    0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........
    0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............
    0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........
    0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......
    0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...
    627,114
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......
    44,755,540
    10 Analysis of line 9:
    a Excess from 2016.... 7,331,251
    b Excess from 2017.... 6,773,777
    c Excess from 2018.... 9,926,605
    d Excess from 2019.... 10,382,473
    e Excess from 2020.... 10,341,434
    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).)
    LEONARD TOW
    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
    ACKERMAN INSTITUTE FOR THE FAMILY
    936 BROADWAY
    NEW YORK,NY10010
      PC 2020 DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY MOLLY TOW FOR GENDER & FAMILY PROJECT 2,000
    ACT OF CONNECTICUT INC
    36 OLD QUARRY ROAD
    RIDGEFIELD,CT06877
      PC 2020 DIRECTOR DISCRETIONARY GRANT REQUESTED BY SCOTT SCHNEIDER 5,000
    ACT OF CONNECTICUT INC
    36 OLD QUARRY ROAD
    RIDGEFIELD,CT06877
      PC 2019 DIRECTOR DISCRETIONARY GRANT REQUESTED BY SCOTT SCHNEIDER 5,000
    ADIRONDACK FOUNDATION
    PO BOX 288
    LAKE PLACID,NY12946
      PC 2020 DIRECTOR DISCRETIONARY GRANT REQUESTED BY FRANK TOW 1,500
    AFRICAN CARIBEAN AMERICAN PARENTS OF CHILDREN WITH DISABILITY INC
    49 WOODLAND STREET
    HARTFORD,CT06105
      PC COVID-19 BOARD DISCRETIONARY UNRESTRICTED GRANT 25,000
    ALS ASSOCIATION GREATER NY CHAPTER
    42 BROADWAY SUITE 1724
    NEW YORK,NY10004
      PC 2020 LOU GEHRIG SPORTS AWARDS BENEFIT, KNOCK OUT TABLE RENEWAL 25,000
    ALS ASSOCIATION OF GREATER PHILADELPHIA
    321 NORRISTOWN ROAD SUITE 260
    AMBLER,PA19002
      PC 2020 DIRECTOR'S DISCRETIONARY GRANT FOR SPONSORSHIP OF A PLAYERS BOOTH - PHILLIES PHESTIVAL REQUESTED BY FRANK TOW 5,000
    AMERICAN THEATRE WING INC
    230 WEST 41ST STREETRNSUITE 110
    NEW YORK,NY10036
      PC 2020 EXECUTIVE COMMITTEE DISCRETIONARY GRANT 5,000
    AOPA FOUNDATION
    421 AVIATION WAY
    FREDERICK,MD21701
      PC 2020 DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY SCOTT SCHNEIDER 5,000
    ARS NOVA THEATER I INC
    511 WEST 54TH STREET
    NEW YORK,NY10019
      PC COVID-19 BOARD DISCRETIONARY UNRESTRICTED GRANT 50,000
    ATLANTIC THEATER COMPANY
    76 NINTH AVENUERNSUITE 537
    NEW YORK,NY100113302
      PC 2019 - 2020 TOW PLAYWRIGHT RESIDENCY FOR GRACIE GARDNER 75,000
    AUTISM SPEAKS INC
    1060 STATE ROAD 2ND FLOOR
    PRINCETON,NJ08540
      PC 2019 DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY ANDREW TOW 3,000
    BAIL PROJECT INC
    PO BOX 750
    VENICE,CA90294
      PC 2020 DIRECTOR DISCRETIONARY GRANT REQUESTED BY OLIVIA-ROSE TOW 5,000
    BALA-CYNWYD MEMORIAL LIBRARY
    131 OLD LANCASTER ROAD
    BALA CYNWYD,PA19004
      PC 2019 DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY FRANK TOW 1,000
    BALA-CYNWYD MEMORIAL LIBRARY
    131 OLD LANCASTER ROAD
    BALA CYNWYD,PA19004
      PC 2020 DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY FRANK TOW 1,000
    BARD COLLEGE
    BPIRNPO BOX 5000
    ANNANDALEONHUDSON,NY12504
      PC FROM INCARCERATION TO LEADERSHIP IN PUBLIC HEALTH 150,000
    BARD COLLEGE
    BPIRNPO BOX 5000
    ANNANDALEONHUDSON,NY12504
      PC TRANSFORMING PRISON EDUCATION AND REENTRY PROGRAMS AT TACONIC WOMEN'S CORRECTIONAL FACILITY 170,000
    BARNARD COLLEGE
    3009 BROADWAY
    NEW YORK,NY10027
      PC THE TOW FOUNDATION STUDENT & FACULTY SUPPORT PROGRAMS AT BARNARD COLLEGE 210,000
    BARNARD COLLEGE
    3009 BROADWAY
    NEW YORK,NY10027
      PC BOLD STANDARD CAMPAIGN: 10 CLAIRE TOW ENDOWED PROFESSORS 5,000,000
    BEAM CENTER INC
    60 SACKETT STREET
    BROOKLYN,NY11231
      PC 2020 DISCRETIONARY GRANT REQUESTED BY EMILY TOW 5,000
    BETH AM ISRAEL
    1301 HAGYS FORD ROAD
    PENN VALLEY,PA19072
      PC 2020 DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY FRANK TOW FOR BETH AM ISRAEL'S CAPITAL CAMPAIGN 1,000
    BETH AM ISRAEL
    1301 HAGYS FORD ROAD
    PENN VALLEY,PA19072
      PC 2020 DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY FRANK TOW FOR THE RABBI'S DISCRETIONARY FUND 1,500
    BOY SCOUTS OF AMERICA
    PO BOX 32
    MILFORD,CT06460
      PC 2020 DISCRETIONARY GRANT REQUESTED BY SUSAN RANSDEN 1,000
    BRIDGEPORT ANIMAL RESCUE CREW INC
    857 POST RD 235
    FAIRFIELD,CT06824
      PC 2020 COVID-19 DISCRETIONARY GRANT REQUESTED BY VICTORIA VILAYSANE 1,000
    BROOKLYN COLLEGE FOUNDATION INC
    2900 BEDFORD AVENUE
    BROOKLYN,NY11210
      PC 2020 DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY DAVID TOBIAS 5,000
    BROOKLYN COLLEGE FOUNDATION INC
    2900 BEDFORD AVENUE
    BROOKLYN,NY11210
      PC STUDENT AND FACULTY SUPPORT 200,000
    BUILDING ONE COMMUNITY CORP
    75 SELLECK STREET
    STAMFORD,CT06902
      PC 2020 COVID-19 DISCRETIONARY GRANT REQUESTED BY DIANE SIERPINA 1,000
    CAMPAIGN FOR THE FAIR SENTENCING OF YOUTH
    1319 F ST NW SUITE 303
    WASHINGTON,DC20004
      PC UNRESTRICTED FUNDING 75,000
    CENTER FOR CHILDREN'S ADVOCACY INC
    65 ELIZABETH STREET
    HARTFORD,CT06105
      PC 2020 DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY DAVID TOBIAS 5,000
    CENTER FOR CHILDREN'S ADVOCACY INC
    65 ELIZABETH STREET
    HARTFORD,CT06105
      PC UNRESTRICTED FUNDING 175,000
    CENTER FOR CHILDREN'S LAW AND POLICY INC
    1701 K ST NW SUITE 1100
    WASHINGTON,DC200061510
      PC UNRESTRICTED FUNDING 60,000
    CENTER FOR COMMUNITY ALTERNATIVES
    115 EAST JEFFERSON STREET
    SYRACUSE,NY13202
      PC UNRESTRICTED FUNDING 50,000
    CENTER FOR REPRODUCTIVE RIGHTS INC
    199 WATER STREET
    NEW YORK,NY10038
      PC 2019 DIRECTOR'S GRANT REQUESTED BY FRANK TOW 1,000
    CENTER FOR REPRODUCTIVE RIGHTS INC
    199 WATER STREET
    NEW YORK,NY10038
      PC 2020 DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY TERESA LAW 3,500
    CHARLOTTE CENTER FOR LEGAL ADVOCACY INC
    1431 ELIZABETH AVENUE
    CHARLOTTE,NC28204
      PC 2020 DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY AMY LEFKOF 5,000
    CHILDRENS DEFENSE FUND
    811 WILSHIRE BOULEVARD 1000
    LOS ANGELES,CA90017
      PC 2020 UNRESTRICTED DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY OLIVIA-ROSE TOW 3,300
    CHILDRENS DEFENSE FUND
    815 SECOND AVENUE 8TH FL
    NEW YORK,NY10017
      PC COVID-19 BOARD DISCRETIONARY UNRESTRICTED GRANT 50,000
    CHILDRENS DEFENSE FUND
    815 SECOND AVENUE 8TH FL
    NEW YORK,NY10017
      PC UNRESTRICTED FUNDING 75,000
    CITY HARVEST INC
    6 EAST 32ND ST 5TH FLOOR
    NEW YORK,NY10016
      PC MOLLY'S COVID-19 FOOD BANK DISCRETIONARY 10,000
    CLEAN AIR TASK FORCE INC
    114 STATE STREET
    BOSTON,MA02109
      PC FRANK TOW DIRECTOR'S DISCRETIONARY 500
    CLIFFORD W BEERS GUIDANCE CLINIC INC
    93 EDWARDS STREET
    NEW HAVEN,CT06511
      PC UNRESTRICTED FUNDING 50,000
    COALITION FOR JUVENILE JUSTICE
    1319 F STREET NW
    WASHINGTON,DC200041106
      PC UNRESTRICTED FUNDING 40,000
    COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK TRUSTEES OF
    630 W 168TH STREET
    NEW YORK,NY10032
      PC 2020 CROWN AWARDS 25,000
    COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK TRUSTEES OF
    630 W 168TH STREET
    NEW YORK,NY10032
      PC CARDIOLOGY FELLOWSHIP PROGRAM 250,000
    COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK TRUSTEES OF
    630 W 168TH STREETPS ROOM 5-423
    NEW YORK,NY10032
      PC CHALLENGE GRANT FOR RESEARCH AND CLINICAL CARE 350,000
    COMMON JUSTICE INC
    540 ATLANTIC AVENUERN4TH FLOOR
    BROOKLYN,NY11217
      PC UNRESTRICTED FUNDING 60,000
    COMMUNITY BONDS INC
    PO BOX 593
    NEW HAVEN,CT06513
      PC 2020 COVID-19 DISCRETIONARY GRANT REQUESTED BY SUE RANSDEN 1,000
    COMMUNITY BONDS INC
    PO BOX 593
    NEW HAVEN,CT06513
      PC COVID-19 BOARD DISCRETIONARY UNRESTRICTED GRANT 15,000
    COMMUNITY BONDS INC
    PO BOX 593
    NEW HAVEN,CT06513
      PC UNRESTRICTED FUNDING 50,000
    COMMUNITY CENTER OF NORTHERN WESTCHESTER INC
    84 BEDFORD ROAD
    KATONAH,NY10536
      PC ANDREW'S COVID-19 FOOD BANK DISCRETIONARY 2,500
    COMMUNITY COALITION FOR SUBSTANCE ABUSE PREVENTION & TREATMENT
    8101 SOUTH VERMONT AVENUE
    LOS ANGELES,CA90044
      PC OLIVIA-ROSE'S DIRECTOR'S DISCRETIONARY 3,350
    COMMUNITY FOOD ADVOCATES
    110 WALL STREET
    NEW YORK,NY10005
      PC MOLLY TOW'S DIRECTOR'S DISCRETIONARY 5,000
    COMMUNITY PARTNERS IN ACTION
    110 BARTHOLOMEW AVENUE
    HARTFORD,CT06106
      PC 2020 HOLIDAY GIFTS FOR JUVENILE JUSTICE YOUTH 3,000
    COMMUNITY PARTNERS IN ACTION
    110 BARTHOLOMEW AVENUE
    HARTFORD,CT06106
      PC 2020 DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY DAVID TOBIAS 5,000
    COMMUNITY PARTNERS IN ACTION
    110 BARTHOLOMEW AVENUE
    HARTFORD,CT06106
      PC 2020 RESTRICTED MATCHING DISCRETIONARY GRANT FOR WATERBURY REENTRY CENTER PLANNING STUDY 7,000
    COMMUNITY PARTNERS IN ACTION
    110 BARTHOLOMEW AVENUE
    HARTFORD,CT06106
      PC 2020 RESTRICTED MATCHING DISCRETIONARY GRANT FOR WATERBURY REENTRY CENTER PLANNING STUDY 8,000
    COMMUNITY PARTNERS IN ACTION
    110 BARTHOLOMEW AVENUE
    HARTFORD,CT06106
      PC UNRESTRICTED FUNDING 75,000
    CONGREGATIONS LINKED IN URBAN STRATEGY TO EFFECT RENEWAL INC
    28 WELLS AVENUE 4TH FLOOR
    YONKERS,NY10701
      PC RESTORATIVE JUSTICE INITIATIVE/GIRL FAMILY TEAM MEETINGS 25,000
    CONNECTICUT COALITION TO END HOMELESSNESS INC
    257 LAWRENCE STREET
    HARTFORD,CT06106
      PC ADDRESSING HOMELESSNESS AS A DRIVER OF INCARCERATION AND RECIDIVISM IN CONNECTICUT 35,000
    CONNECTICUT COUNCIL FOR PHILANTHROPY
    75 CHARTER OAK AVE SUITE 1-205
    HARTFORD,CT06106
      PC 2020 MEMBERSHIP SUPPORT AND LEADERSHIP FUND GRANT 7,000
    CONNECTICUT COUNCIL FOR PHILANTHROPY
    75 CHARTER OAK AVENUE 1-205
    HARTFORD,CT06106
      PC COVID-19 BOARD DISCRETIONARY GRANT RESTRICTED FOR SOW-CT 10,000
    CONNECTICUT COUNCIL FOR PHILANTHROPY
    75 CHARTER OAK AVENUE 1-205
    HARTFORD,CT06106
      PC 2020 SOW-CT DISCRETIONARY GRANT RENEWAL 15,000
    CONNECTICUT FOOD BANK INC
    2 RESEARCH PARKWAY
    WALLINGFORD,CT06492
      PC STAFF ANNUAL DISCRETIONARY BY EILEEN WISEMAN 500
    CONNECTICUT LEGAL SERVICES INC
    62 WASHINGTON STREET 4TH FLOOR
    MIDDLETOWN,CT06457
      PC UNRESTRICTED FUNDING 40,000
    CONNECTICUT LEGAL SERVICES INC
    62 WASHINGTON STREET 4TH FLOOR
    MIDDLETOWN,CT06457
      PC COVID-19 BOARD DISCRETIONARY UNRESTRICTED GRANT 50,000
    CONNECTICUT NEWS PROJECT INC
    1049 ASYLUM AVENUE
    HARTFORD,CT06105
      PC COVID-19 BOARD DISCRETIONARY UNRESTRICTED GRANT 50,000
    CONNECTICUT PLAYERS FOUNDATION INC DBA LONG WHARF THEATRE
    222 SARGENT DRIVE
    NEW HAVEN,CT06511
      PC 2020 ANNUAL STAFF DISCRETIONARY GRANT REQUESTED BY EILEEN WISEMAN 500
    CONNECTICUT VOICES FOR CHILDREN INC
    33 WHITNEY AVENUE
    NEW HAVEN,CT06510
      PC UNRESTRICTED FUNDING 40,000
    CONNECTICUT YOUTH SERVICES ASSOCIATION
    PO BOX 551
    GLASTONBURY,CT06033
      PC YOUTH SERVICE BUREAU DATA PROJECT 15,000
    CONNECTICUT YOUTH SERVICES ASSOCIATION
    PO BOX 551
    GLASTONBURY,CT06033
      PC CYSA JUVENILE JUSTICE LIAISON ADVOCACY 30,000
    CORRECTIONAL ASSOCIATION OF NEW YORK
    PO BOX 793
    BROOKLYN,NY11207
      PC UNRESTRICTED FUNDING 50,000
    CRAIG NEWMARK GRADUATE SCHOOL OF JOURNALISM CUNY FOUNDATION INC
    219 WEST 40TH STREET
    NEW YORK,NY10018
      PC STEPHEN B. SHEPARD PRIZE FOR INVESTIGATIVE REPORTING ANNUAL AWARDS 5,000
    CRAIG NEWMARK GRADUATE SCHOOL OF JOURNALISM CUNY FOUNDATION INC
    219 WEST 40TH STREET
    NEW YORK,NY10018
      PC TOW PROFESSORSHIPS 50,000
    CRAIG NEWMARK GRADUATE SCHOOL OF JOURNALISM CUNY FOUNDATION INC
    219 WEST 40TH STREET
    NEW YORK,NY10018
      PC TOW-KNIGHT CENTER 200,000
    CRAIG NEWMARK GRADUATE SCHOOL OF JOURNALISM CUNY FOUNDATION INC
    219 WEST 40TH STREET
    NEW YORK,NY10018
      PC THE LEONARD TOW CHAIR FOR JOURNALISM INNOVATION 300,000
    DANBURY HOSPITAL & NEW MILFORD HOSPITAL FOUNDATION INC
    24 HOSPITAL AVENUE
    DANBURY,CT06810
      PC 2020 RESTRICTED DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY SCOTT SCHNEIDER 5,000
    DJ HENRY DREAM FUND INC
    31 MILK STREET LOBBYPO BOX 961233
    BOSTON,MA02109
      PC 2020 DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY EMILY TOW 1,000
    DOMUS KIDS INC
    83 LOCKWOOD AVENUE
    STAMFORD,CT06902
      PC 2020 DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY DAVID TOBIAS 5,000
    DOMUS KIDS INC
    83 LOCKWOOD AVENUE
    STAMFORD,CT06902
      PC INVICTUS PRE-RELEASE RE-ENTRY PROGRAM 50,000
    EQUAL JUSTICE INITIATIVE
    122 COMMERCE STREET
    MONTGOMERY,AL361042538
      PC 2020 DIRECTOR DISCRETIONARY GRANT REQUESTED BY TERESA LAW 5,000
    ESSIE JUSTICE GROUP
    1700 BROADWAYRNSUITE 200
    OAKLAND,CA94612
      PC 2020 DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY EMILY TOW JACKSON 5,000
    EYE TO EYE INC
    50 BROAD STREET SUITE 1702
    NEW YORK,NY10004
      PC 2020 DISCRETIONARY GRANT REQUESTED BY EMILY TOW JACKSON 5,000
    FAMILY RE ENTRY INC
    75 WASHINGTON AVENUE
    BRIDGEPORT,CT06604
      PC UNRESTRICTED FUNDING 75,000
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    STAMFORD,CT06906
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    LONG ISLAND CITY,NY11101
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    GREEK ORTHODOX ARCHDIOCESE OF AMERICA
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    GREEK ORTHODOX ARCHDIOCESE OF AMERICA
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    HOME FOR CONTEMPORARY THEATRE AND ART LTD
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    VINEYARD HAVEN,MA02568
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    WASHINGTON,DC20005
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    NEW YORK,NY11201
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    COS COB,CT06807
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    RALEIGH,NC27611
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      PC TERESA'S COVID-19 FOOD BANK DISCRETIONARY 7,500
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    25 KINGSTON STREETRN2F
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    BOSTON,MA02111
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    MEASURES FOR JUSTICE INSTITUTE
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    ROCHESTER,NY14607
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      PC THE TOW FOUNDATION FELLOWSHIP PROGRAM IN MOLECULAR IMAGING AND NANOTECHNOLOGY 710,000
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      PC ANDREW'S COVID-19 FOOD BANK DISCRETIONARY 2,500
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    PORT CHESTER,NY10573
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    40 RECTOR STREET 5TH FLOOR
    NEW YORK,NY10006
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    201 SABINE AVENUE
    PHILADELPHIA,PA19072
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    WASHINGTON,DC20003
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      PC 2020 FRIENDS OF THE FAMILY DONATION 4,900
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    WASHINGTON,DC20002
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    79 EAST 4TH STREET
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      PC 2019 - 2020 TOW PLAYWRIGHT RESIDENCY FOR VICTOR CAZARES 75,000
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    PLANO,TX75075
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    34 MAPLE STREET
    NORWALK,CT068503815
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    NORWALK,CT068503815
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    NORWALK HOSPITAL ASSOCIATION
    34 MAPLE STREET
    NORWALK,CT068503815
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    NORWALK HOSPITAL ASSOCIATION
    34 MAPLE STREET
    NORWALK,CT068503815
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    HARTFORD,CT060161377
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    160 VARICK STREET
    NEW YORK,NY10013
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    NY PUBLIC RADIO
    160 VARICK STREET
    NEW YORK,NY10013
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    NY PUBLIC RADIO
    160 VARICK STREET
    NEW YORK,NY10013
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    3641 FACULTY BLVD
    VIRGINIA BEACH,VA23453
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    BRONX,NY10455
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    NORWALK,CT06850
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    CAMBRIDGE,MA02138
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    OAK BLUFFS,MA02557
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    25 KINGSTON STREET 6TH FLOOR
    BOSTON,MA02111
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    1666 K STREET NW SUITE 440
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    PENNSYLVANIA HIAS INDIGENT IMMIGRANT LEGAL SERVICES
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    PHILADELPHIA,PA19106
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    3616 SOUTH GALLOWAY STREET
    PHILADELPHIA,PA19148
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    320 EAST 43RD STREET
    NEW YORK,NY10017
      PC 2020 MEMBERSHIP CONTRIBUTION 13,730
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    SAN JOSE,CA95126
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    4822 ALBEMARLE ROADRNSUITE 104
    CHARLOTTE,NC28205
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    1144 LOCUST STREET
    PHILADELPHIA,PA19107
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    2470 FAIRFIELD AVENUE
    BRIDGEPORT,CT06605
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    2470 FAIRFIELD AVENUE
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    524 WEST 59TH STREET B602ROOM 623T
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      PC 2020 UNRESTRICTED DISCRETIONARY GRANT 20,000
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    524 WEST 59TH STREET B602ROOM 623T
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      PC COVERING THE NEXT FRONTIER IN JUVENILE JUSTICE 60,000
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    524 WEST 59TH STREETRNROOM 623T
    NEW YORK,NY10019
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    575 GRAND STREET
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    RIDGEFIELD,CT06877
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      PC 2019 - 2020 TOW PLAYWRIGHT RESIDENCY FOR DAVE HARRIS 75,000
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    900 PENNSYLVANIA AVENUE
    SAN FRANCISCO,CA94107
      PC TERESA COVID-19 FOOD BANK DISCRETIONARY 2,500
    SAN FRANCISCO-MARIN FOOD BANK
    900 PENNSYLVANIA AVENUE
    SAN FRANCISCO,CA94107
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    PO BOX 1406 WALL STREET STATION
    NEW YORK,NY10268
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    401 BROADWAYRNSUITE 300
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      PC 2019 - 2020 TOW PLAYWRIGHT RESIDENCY FOR JILLIAN WALKER 75,000
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    MONTGOMERY,AL36104
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    ALBION STREET
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    ALBION STREET
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    DEVON,PA19333
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    TEMPLE UNIVERSITY OF THE COMMONWEALTH SYSTEM OF HIGHER EDUCATION
    TASB-3RD FLOOR1852 NORTH 10TH
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    THE CENTER FOR YOUTH WELLNESS
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    SAN FRANCISCO,CA94124
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    475 RIVERSIDE DRIVE SUITE 1626
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      PC CREATING OPPORTUNITIES TO THRIVE FOR JUSTICE-INVOLVED WOMEN 35,000
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    NEW YORK,NY10007
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    40 RICHARDS AVENUE
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      PC UNRESTRICTED FUNDING 55,000
    THE GREATER BOSTON FOOD BANK INC
    70 SOUTH BAY AVENUE
    BOSTON,MA02118
      PC DAVID TOBIAS' COVID-19 FOOD BANK DISCRETIONARY 10,000
    THE MARSHALL PROJECT INC
    156 W 56TH STRNSUITE 701
    NEW YORK,NY10019
      PC 2020 DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY EMILY TOW 5,000
    THE MARSHALL PROJECT INC
    156 W 56TH STRNSUITE 701
    NEW YORK,NY10019
      PC THE TOW FELLOWSHIP AND NEWS INSIDE 100,000
    THE MASSACHUSETTS GENERAL HOSPITAL
    ATTN DEVELOPMENT OFFICE125 NASHUA
    STREET SUITE 540
    BOSTON,MA021141101
      PC 2020 STAFF DISCRETIONARY GRANT REQUESTED BY CANDIS GOULD 1,000
    THE SENTENCING PROJECT
    1705 DESALES STREET NORTHWEST8TH
    FLOOR
    WASHINGTON,DC20036
      PC YOUTH JUSTICE LEGACY WORK 50,000
    THE TREVOR PROJECT INC
    8704 SANTA MONICA BLVD 2ND FLOOR
    WEST HOLLYWOOD,CA90069
      PC 2020 DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY MOLLY TOW 1,000
    THE VERMONT CENTER FOR ECOSTUDIES INC
    PO BOX 420
    NORWICH,VT05055
      PC 2020 DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY DAVID TOBIAS 2,000
    TIDES CENTER
    575 8TH AVENUE 7TH FLOOR
    NEW YORK,NY10018
      PC UNRESTRICTED FUNDING 35,000
    TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK
    2950 BROADWAY2950 BROADWAY701A
    JOURNALISM MC 3801
    NEW YORK,NY10027
      PC TOW COMPUTATIONAL FELLOW AND INVESTIGATIVE REPORTING RESOURCE 192,000
    TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK
    2950 BROADWAY2950 BROADWAY701A
    JOURNALISM MC 3801
    NEW YORK,NY10027
      PC ESTABLISHMENT OF THE LEONARD TOW PROFESSORSHIP OF JOURNALISM 500,000
    TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK
    2960 BROADWAY 305 DODGE HALL MC
    1803
    NEW YORK,NY10027
      PC COLUMBIA@ROUNDABOUT (2018-21) 225,000
    TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK
    406 SCHERMERHORN HALL
    NEW YORK,NY10027
      PC UNRESTRICTED FUNDING 100,000
    TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK
    722 WEST 168TH STREET
    NEW YORK,NY100322695
      PC JUDSON WOLFE EXCELLENCE IN TEACHING AWARD 5,000
    TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK
    722 WEST 168TH STREET
    NEW YORK,NY100322695
      PC TOW FACULTY LEADERSHIP SCHOLARS FUND 100,000
    TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK
    722 WEST 168TH STREET
    NEW YORK,NY100322695
      PC PHYLLIS MAILMAN PROFESSORSHIP OF PUBLIC HEALTH 200,000
    UNIVERSITY OF NEW HAVEN
    300 BOSTON POST RD
    WEST HAVEN,CT065161916
      PC TOW YOUTH JUSTICE INSTITUTE 350,000
    VANDERBILT UNIVERSITY MEDICAL CENTER
    3322 WEST END AVENUE SUITE 900
    NASHVILLE,TN37203
      PC 2019 DISCRETIONARY GRANT REQUESTED BY ANDREW TOW 3,000
    VERA INSTITUTE OF JUSTICE INC
    34 35TH STREET 4-2A
    BROOKLYN,NY11232
      PC 2020 EXECUTIVE COMMITTEE UNRESTRICTED DISCRETIONARY 5,000
    VERA INSTITUTE OF JUSTICE INC
    34 35TH STREET 4-2A
    BROOKLYN,NY11232
      PC UNRESTRICTED FUNDING 250,000
    VISITING NURSE & HOSPICE OF FAIRFIELD COUNTY INC
    PO BOX 489
    WILTON,CT06897
      PC 2019 DISCRETIONARY GRANT REQUESTED BY LEONARD TOW 5,000
    VISITING NURSE ASSOCIATION OF RIDGEFIELD INC
    27 GOVERNOR STREET
    RIDGEFIELD,CT06877
      PC 2020 COVID_19 FOOD BANK DISCRETIONARY GRANT REQUESTED BY SCOTT SCHNEIDER 10,000
    VIVIAN BEAUMONT THEATER INC
    150 WEST 65TH STREET
    NEW YORK,NY10023
      PC 2020 ANNUAL DISCRETIONARY GRANT REQUESTED BY DR. LEONARD TOW 50,000
    WESTCHESTER CHILDREN'S ASSOCIATION
    470 MAMARONECK AVENUE
    WHITE PLAINS,NY10605
      PC UNRESTRICTED FUNDING 40,000
    WESTERN STATES CENTER INC
    PO BOX 40305
    PORTLAND,OR972400305
      PC 2020 COVID-19 DISCRETIONARY GRANT REQUESTED BY BEETA JAHEDI 1,000
    WGBH EDUCATIONAL FOUNDATION
    ONE GUEST STREET
    BOSTON,MA02135
      PC FRONTLINE COLUMBIA AND CUNY JOURNALISM FELLOWSHIPS 200,000
    WHITE BIRD CLINIC
    341 EAST 12TH AVENUE
    EUGENE,OR97401
      PC 2020 RESTRICTED DIRECTOR'S DISCRETIONARY GRANT REQUESTED BY MOLLY TOW FOR CAHOOTS PROGRAM 5,000
    WILLIAM J BRENNAN JR CENTER FOR JUSTICE INC
    120 BROADWAYRNSUITE 1750
    NEW YORK,NY10271
      PC LAW ENFORCEMENT LEADERS TO REDUCE CRIME AND INCARCERATION (LEL) 50,000
    WNET
    825 EIGHTH AVENUE 14TH FLOOR
    NEW YORK,NY100197435
      PC 2020 DISCRETIONARY GRANT REQUESTED BY DR. LEONARD TOW 50,000
    YALE UNIVERSITY
    127 WALL STREETBAKER HALL ROOM 422
    NEW HAVEN,CT06511
      PC CORRECTION OFFICERS PROCEDURAL JUSTICE TRAINING AND EVALUATION 30,000
    YALE UNIVERSITY
    367 CEDAR STREET SUITE 410
    NEW HAVEN,CT06510
      PC 2020 EXECUTIVE COMMITTEE DISCRETIONARY GRANT FOR NEW HAVEN TRANSITIONS CLINIC 10,000
    YALE UNIVERSITY
    367 CEDAR STREET SUITE 410
    NEW HAVEN,CT06510
      PC ADMINISTRATIVE SUPPORT FOR THE CONNECTICUTS TRANSITION CLINIC TO EXPAND PRIMARY HEALTH CARE TO INDIVIDUALS RECENTLY RELEASED FROM JAIL AND PRISON 65,000
    YOUTH CONTINUUM INC
    141 VALLEY STREET
    NEW HAVEN,CT06515
      PC UNRESTRICTED FUNDING 35,000
    YOUTH JUSTICE NETWORK INC
    127 W 127TH STREET SUITE 125
    NEW YORK,NY10027
      PC COVID-19 BOARD DISCRETIONARY UNRESTRICTED GRANT 50,000
    YOUTH JUSTICE NETWORK INC
    127 W 127TH STREET SUITE 125
    NEW YORK,NY10027
      PC UNRESTRICTED FUNDING 100,000
    YOUTH POLICY INSTITUTE OF IOWA
    146 BOULEVARD
    SCARSDALE,NY10583
      PC 2020 UNRESTRICTED FUNDING TO SUPPORT THE YOUTH TRANSITION FUNDERS GROUP AND THE JUVENILE JUSTICE GROUP 15,000
    YOUTH REPRESENT INC
    11 PARK PLACE ROOM 1512
    NEW YORK,NY10007
      PC COVID-19 BOARD DISCRETIONARY UNRESTRICTED GRANT 50,000
    YOUTH REPRESENT INC
    11 PARK PLACE ROOM 1512
    NEW YORK,NY10007
      PC UNRESTRICTED FUNDING 75,000
    Total .................................bullet 3a 19,176,215
    bApproved for future payment
    Total .................................bullet 3b 0
    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 1,930,540  
    4 Dividends and interest from securities....     14 1,366,168  
    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.....     14 2,518,609  
    8 Gain or (loss) from sales of assets other than
    inventory ............
        18 4,676,809  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 10,492,126 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    10,492,126
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow
    Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    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 TOW FOUNDATION INC
     
    Employer identification number

    06-6484045
    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 TOW FOUNDATION INC
     
    Employer identification number
    06-6484045
    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
    LEONARD TOW
     
    50 LOCUST AVENUE
     
    NEW CANAAN, CT068404737

    $ 5,500,000


    (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 TOW FOUNDATION INC
     
    Employer identification number

    06-6484045
    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 TOW FOUNDATION INC
     
    Employer identification number

    06-6484045
    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 TOW FOUNDATION INC
    EIN:
    06-6484045
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX SERVICES 13,383 6,692   6,691

    TY 2020 GeneralExplanationAttachment
    Name:
    THE TOW FOUNDATION INC
    EIN:
    06-6484045
    Identifier Return Reference Explanation
      FORM 990PF, PART VII-B LINE 1(A)3 & 4: THE ORGANIZATION PAYS COMPENSATION TO ONE OF ITS BOARD MEMBERS FOR HER DUTIES AS EXECUTIVE DIRECTOR OF THE ORGANIZATION. IN ADDITION THE ORGANIZATION REIMBURSES THIS BOARD MEMBER FOR ORDINARY AND NECESSARY BUSINESS EXPENSES. THIS MEETS THE DEFINITION OF SELF-DEALING AND AS SUCH, PART VII-B QUESTIONS 1A(3 AND 4) HAVE BEEN ANSWERED YES. HOWEVER, THE PAYMENTS ARE REASONABLE AND NOT EXCESSIVE. THE PAYMENT DOES NOT FAIL TO QUALIFY AS AN EXCEPTION AND THEREFORE PART VII-B QUESTION 1B HAS BEEN ANSWERED NO.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE TOW FOUNDATION INC
    EIN:
    06-6484045
    Name of Bond End of Year Book Value End of Year Fair Market Value
    FIRST REPUBLIC FIXED INCOME - CORP. BONDS 22,888,668 23,506,937

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE TOW FOUNDATION INC
    EIN:
    06-6484045
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MERRILL LYNCH - CORP STOCK 24,666,169 46,224,683

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    THE TOW FOUNDATION INC
    EIN:
    06-6484045
    US Government Securities - End of Year Book Value:

    33,714,433
    US Government Securities - End of Year Fair Market Value:

    33,853,818
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE TOW FOUNDATION INC
    EIN:
    06-6484045
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CITIBANK OFFSHORE INVESTMENTS AT COST 4,622,908 3,024,485
    GOLUB CAPITAL PARTNER OFFSHORE INVESTMENTS AT COST 7,437,500 7,639,507
    MERRILL LYNCH TRUST & PIA AT COST 7,034,190 9,035,827
    VANGUARD BROKERAGE INVESTMENTS - EQUITY FUND AT COST 16,252,133 23,120,921
    VANGUARD BROKERAGE INVESTMENTS - FIXED INCOME AT COST 14,361,107 14,910,718

    TY 2020 LegalFeesSchedule
    Name:
    THE TOW FOUNDATION INC
    EIN:
    06-6484045
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 43,604 0   43,604


    TY 2020 OtherAssetsSchedule
    Name:
    THE TOW FOUNDATION INC
    EIN:
    06-6484045
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    LIFE INSURANCE POLICIES 27,107,125 27,107,125 52,699,287


    TY 2020 OtherExpensesSchedule
    Name:
    THE TOW FOUNDATION INC
    EIN:
    06-6484045
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK ,CR CARD, WIRES, INT., STOCK CHGS 1,089 0   1,089
    BOND AMORTIZATION 357,449 357,449   0
    COMMUNICATION EXPENSES 1,127 0   1,127
    COMPUTER EXPENSES 170,384 0   170,384
    GIFTS,REMUNERATION BOARD 6,877 0   6,877
    INSURANCE 517,195 506,079   11,116
    MEMBERSHIP DUES 4,669 0   4,669
    OFFICE EXPENSES 4,753 0   4,753
    PAYROLL PROCESSING FEES 5,794 0   5,794
    RECRUITING EXPENSE 6,678 0   6,678
    SPECIAL EVENTS 1,632 0   1,632
    STATE INCORP. FILING FEES 50 0   50
    TELEPHONE & INTERNET EXPENSE 31,565 0   31,565
    STAFF PROFESSIONAL DEVELOPMENT 8,850 0   8,850


    TY 2020 OtherIncomeSchedule2
    Name:
    THE TOW FOUNDATION INC
    EIN:
    06-6484045
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CITIBANK 1,669,534 1,669,534 1,669,534
    GOLUB CAPITAL PARTNERS 339,988 339,988 339,988
    LIFE INSURANCE DIVIDEND PAYOUTS 506,044 506,044 506,044
    OTHER INCOME 2 2 2
    FOREIGN DIVIDENDS 3,041 3,041 3,041


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE TOW FOUNDATION INC
    EIN:
    06-6484045
    Description Beginning of Year - Book Value End of Year - Book Value
    PREPAID 80,593 80,260
    CREDIT CARDS 3 172,594


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE TOW FOUNDATION INC
    EIN:
    06-6484045
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MORGAN STANLEY INVESTMENT FEES 100 100   0
    MERRILL LYNCH INVESTMENT FEES 122,503 122,503   0
    FIRST REPUBLIC 60,038 60,038   0
    CONSULTANTS 29,535 0   29,535
    CITIBANK FEES 229,739 229,739   0


    TY 2020 TaxesSchedule
    Name:
    THE TOW FOUNDATION INC
    EIN:
    06-6484045
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    US TAXES 56,000 0   0