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
BULOVA GALE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)C/O ORENSTEIN - 150 PITTSFIELD ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LENOX, MA01240
A Employer identification number

13-3866091
B Telephone number (see instructions)

(413) 447-1900
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$3,218,378J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 78,969 78,969 78,969
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 81,442
b Gross sales price for all assets on line 6a 981,798
7 Capital gain net income (from Part IV, line 2)... 81,442
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 160,411 160,411 78,969
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,155 2,770   1,385
c Other professional fees (attach schedule).... Click to see attachment 21,979 21,979    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 884 884    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 250     250
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 27,268 25,633   1,635
25 Contributions, gifts, grants paid....... 135,000 135,000
26 Total expenses and disbursements. Add lines 24 and 25 162,268 25,633   136,635
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,857
b Net investment income (if negative, enter -0-) 134,778
c Adjusted net income (if negative, enter -0-)... 78,969
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............. 19,219 16,465 16,465
2 Savings and temporary cash investments.........      
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) 8,376 Click to see attachment8,345 10,311
b Investments—corporate stock (attach schedule)....... 272,003 Click to see attachment271,015 548,955
c Investments—corporate bonds (attach schedule)....... 13,469 Click to see attachment13,422 17,388
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,028,326 Click to see attachment2,030,285 2,625,259
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)   Click to see attachment4  
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,341,393 2,339,536 3,218,378
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 2,341,393  
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 2,341,393 2,339,536
30 Total liabilities and net assets/fund balances (see instructions). 2,341,393 2,339,536
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
2,341,393
2
Enter amount from Part I, line 27a .....................
2
-1,857
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
2,339,536
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,339,536
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 530 Apollo Global Management IncClass A Common StockSymbol: Apo P 2019-12-24 2020-11-23
b 600 Apollo Global Management IncClass A Common StockSymbol: Apo P 2019-12-30 2020-11-23
c 2535 Cohen & Steers Quality IncomeRlty Fd IncSymbol: Rqi P 2019-09-24 2020-08-03
d 1693 Cohen & Steers Quality IncomeRlty Fd IncSymbol: Rqi P 2019-12-24 2020-08-03
e 431.593 Fundvantage Tr Polen CapGlobal Growth Fd Inst ClSymbol: Pgiix P 2019-12-24 2020-11-30
170 Ishares NasdaqBiotechnology Index FdSymbol: Ibb P 2020-07-20 2020-11-23
233.57 Pimco FdsPreferred & Cap Secs Fd Cl I 2Symbol: Pfpnx P 2019-09-13 2020-07-20
4780.115 Pimco FdsPreferred & Cap Secs Fd Cl I 2Symbol: Pfpnx P 2019-09-24 2020-07-20
59.814 Pimco FdsPreferred & Cap Secs Fd Cl I 2Symbol: Pfpnx P 2019-12-12 2020-07-20
304 Pimco FdsPreferred & Cap Secs Fd Cl I 2Symbol: Pfpnx P 2019-12-27 2020-07-20
63.544 Pimco FdsPreferred & Cap Secs Fd Cl I 2Symbol: Pfpnx P 2020-03-13 2020-07-20
143.296 Pimco FdsPreferred & Cap Secs Fd Cl I 2Symbol: Pfpnx P 2020-06-12 2020-07-20
980.365 Pimco FdsTotal Return Fd Cl I 2Symbol: Pttpx P 2020-07-20 2020-09-16
4721.435 Pimco FdsTotal Return Fd Cl I 2Symbol: Pttpx P 2020-07-20 2020-12-15
4228 Rts Cohen & Steers QualityIncome Realty Fund Inc RightsCusip: 19247l114 P 2020-01-22 2020-01-29
68.027 Salient Select Income FundInstl ClSymbol: Kifyx P 2019-09-27 2020-07-20
87.023 Salient Select Income FundInstl ClSymbol: Kifyx P 2019-12-30 2020-07-20
94.062 Salient Select Income FundInstl ClSymbol: Kifyx P 2020-03-30 2020-07-20
76.397 Salient Select Income FundInstl ClSymbol: Kifyx P 2020-06-29 2020-07-20
10.417 Uit Ft Imagine 2025 PortfolioSer Semi Annual Fee ReinvestCusip: 30309v437 P 2019-11-25 2020-08-14
65.9699 Uit Ft Imagine 2025 PortfolioSer Semi Annual Fee ReinvestCusip: 30309v437 P 2019-12-26 2020-08-14
24.7696 Uit Ft Imagine 2025 PortfolioSer Semi Annual Fee ReinvestCusip: 30309v437 P 2020-06-25 2020-08-14
0.9232 Uit Ft Imagine 2025 PortfolioSer Semi Annual Fee ReinvestCusip: 30309v437 P 2020-06-25 2020-08-14
0.0897 Apple IncSymbol: Aapl P 2014-07-24 2020-08-28
84 Apple IncSymbol: Aapl P 2014-07-24 2020-11-23
342 Berkshire Hills Bancorp IncSymbol: Bhlb P 2014-11-13 2020-09-21
286 Berkshire Hills Bancorp IncSymbol: Bhlb P 2015-10-26 2020-09-21
618 Berkshire Hills Bancorp IncSymbol: Bhlb P 2016-04-05 2020-09-21
13.7491 Berkshire Hills Bancorp IncSymbol: Bhlb P 2016-05-26 2020-09-21
10.2509 Berkshire Hills Bancorp IncSymbol: Bhlb P 2016-11-23 2020-09-21
0.8372 Berkshire Hills Bancorp IncSymbol: Bhlb P 2016-11-23 2020-09-21
201.288 Blackrock Health SciencesOpportunities Port Instl ClSymbol: Shssx P 2015-03-03 2020-08-20
46 Blackstone Group Inc (The)Common StockSymbol: Bx P 2012-10-05 2020-11-23
275 Brookfield InfrastructurePartners L P UnitsSymbol: Bip P 2015-10-26 2020-11-23
0.68242 Brookfield InfrastructureCorp Com Sub Vtg Shs Cl ASymbol: Bipc P 2015-10-26 2020-03-31
187.16976 Brookfield InfrastructureCorp Com Sub Vtg Shs Cl ASymbol: Bipc P 2015-10-26 2020-11-23
2.48558 Brookfield InfrastructureCorp Com Sub Vtg Shs Cl ASymbol: Bipc P 2016-07-01 2020-11-23
2.34466 Brookfield InfrastructureCorp Com Sub Vtg Shs Cl ASymbol: Bipc P 2017-01-03 2020-11-23
370.462 Clearbridge Select FundClass ISymbol: Lbfix P 2019-06-11 2020-08-20
446.528 Clearbridge Select FundClass ISymbol: Lbfix P 2019-06-11 2020-11-24
273 Etf Managers TrustEtfmg Prime Mobile PaymentsSymbol: Ipay P 2017-10-24 2020-08-20
190 Etf Managers TrustEtfmg Prime Mobile PaymentsSymbol: Ipay P 2017-10-24 2020-11-24
572 Etf Managers TrustEtfmg Prime Mobile PaymentsSymbol: Ipay P 2017-10-24 2020-12-15
181 First Trust Etf Nyse ArcaBiotechnology Index FundSymbol: Fbt P 2015-03-03 2020-11-23
118.991 Fundvantage TrPolen Growth Fd Instl ClSymbol: Polix P 2016-06-10 2020-08-20
447.027 Fundvantage TrPolen Growth Fd Instl ClSymbol: Polix P 2016-06-10 2020-11-24
510.317 Fundvantage TrPolen Growth Fd Instl ClSymbol: Polix P 2016-06-10 2020-11-30
671 Glaxosmithkline PlcSponsored Adr(Frm Glaxo Well)Symbol: Gsk P 2018-01-08 2020-11-23
1335.199 Lord Abbett Bd Deb Fd IncCl FSymbol: Lbdfx P 2019-02-01 2020-09-16
3626.689 Lord Abbett Income FundCl FSymbol: Laufx P 2019-02-01 2020-09-16
308.25 Mfs Ser Tr XMfs Intl Intrinsic Value Fd ISymbol: Minix P 2016-06-10 2020-11-30
9784.736 Pimco FdsPreferred & Cap Secs Fd Cl I 2Symbol: Pfpnx P 2018-09-12 2020-07-20
144.621 Pimco FdsPreferred & Cap Secs Fd Cl I 2Symbol: Pfpnx P 2018-09-14 2020-07-20
7.604 Pimco FdsPreferred & Cap Secs Fd Cl I 2Symbol: Pfpnx P 2018-12-13 2020-07-20
143.266 Pimco FdsPreferred & Cap Secs Fd Cl I 2Symbol: Pfpnx P 2018-12-27 2020-07-20
5060.729 Pimco FdsPreferred & Cap Secs Fd Cl I 2Symbol: Pfpnx P 2019-02-01 2020-07-20
228.849 Pimco FdsPreferred & Cap Secs Fd Cl I 2Symbol: Pfpnx P 2019-03-15 2020-07-20
229.496 Pimco FdsPreferred & Cap Secs Fd Cl I 2Symbol: Pfpnx P 2019-06-17 2020-07-20
3542.749 Salient Select Income FundInstl ClSymbol: Kifyx P 2019-04-02 2020-07-20
1893.324 Salient Select Income FundInstl ClSymbol: Kifyx P 2019-06-11 2020-07-20
77.766 Salient Select Income FundInstl ClSymbol: Kifyx P 2019-06-27 2020-07-20
22 Select Sector Spdr TrustThe Technology Select SectorSymbol: Xlk P 2016-04-05 2020-11-23
188 Select Sector Spdr TrustThe Technology Select SectorSymbol: Xlk P 2016-12-09 2020-11-23
5232 Uit Ft Imagine 2025 PortfolioSer Semi Annual Fee ReinvestCusip: 30309v437 P 2018-09-12 2020-08-14
85.7889 Uit Ft Imagine 2025 PortfolioSer Semi Annual Fee ReinvestCusip: 30309v437 P 2018-10-25 2020-08-14
15.9683 Uit Ft Imagine 2025 PortfolioSer Semi Annual Fee ReinvestCusip: 30309v437 P 2018-12-26 2020-08-14
6.7245 Uit Ft Imagine 2025 PortfolioSer Semi Annual Fee ReinvestCusip: 30309v437 P 2019-03-25 2020-08-14
33.3618 Uit Ft Imagine 2025 PortfolioSer Semi Annual Fee ReinvestCusip: 30309v437 P 2019-06-25 2020-08-14
938 Vanguard Specialized FundsVanguard Real Estate EtfSymbol: Vnq P 2019-02-01 2020-07-20
(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 23,627   23,937 -310
b 26,747   27,411 -664
c 27,934   40,064 -12,130
d 18,656   24,945 -6,289
e 10,000   8,373 1,627
23,640   24,801 -1,161
2,413   2,436 -23
49,379   50,000 -621
618   645 -27
3,140   3,250 -110
656   629 27
1,480   1,444 36
10,735   10,686 49
50,000   51,229 -1,229
189     189
1,152   1,431 -279
1,474   1,826 -352
1,593   1,395 198
1,294   1,304 -10
132   107 25
836   702 134
314   281 33
12   10 2
11   2 9
9,598   2,034 7,564
3,326   8,798 -5,472
2,781   8,054 -5,273
6,010   16,525 -10,515
134   375 -241
100   349 -249
8   29 -21
15,000   11,091 3,909
2,715   535 2,180
14,227   6,429 7,798
25   26 -1
12,703   6,882 5,821
169   91 78
159   86 73
15,000   10,032 4,968
20,000   12,092 7,908
14,986   9,170 5,816
11,576   6,382 5,194
36,596   19,213 17,383
28,699   20,774 7,925
5,000   2,264 2,736
20,000   8,507 11,493
23,000   9,711 13,289
24,625   25,021 -396
10,735   10,281 454
10,735   9,901 834
17,000   11,399 5,601
101,076   100,000 1,076
1,494   1,461 33
79   73 6
1,480   1,355 125
52,277   50,000 2,277
2,364   2,277 87
2,371   2,316 55
60,014   72,315 -12,301
32,073   38,836 -6,763
1,317   1,590 -273
2,643   974 1,669
22,582   9,125 13,457
66,280   49,829 16,451
1,087   752 335
202   124 78
85   63 22
423   325 98
73,012   75,982 -2,970
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       -310
b       -664
c       -12,130
d       -6,289
e       1,627
      -1,161
      -23
      -621
      -27
      -110
      27
      36
      49
      -1,229
      189
      -279
      -352
      198
      -10
      25
      134
      33
      2
      9
      7,564
      -5,472
      -5,273
      -10,515
      -241
      -249
      -21
      3,909
      2,180
      7,798
      -1
      5,821
      78
      73
      4,968
      7,908
      5,816
      5,194
      17,383
      7,925
      2,736
      11,493
      13,289
      -396
      454
      834
      5,601
      1,076
      33
      6
      125
      2,277
      87
      55
      -12,301
      -6,763
      -273
      1,669
      13,457
      16,451
      335
      78
      22
      98
      -2,970
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 81,442
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 -20,885
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 1,873
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 1,873
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,873
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 14
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,887
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   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
     
    No
    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)
    bullet
    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 ofbulletDAVID L ORENSTEIN Telephone no.bullet (413) 447-1900

    Located atbullet150 PITTSFIELD ROADLENOXMA ZIP+4bullet01240
    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
    PETER GALE Vice President
    0.50     		0    
    214 DAWSON ROAD
    HILLSDALE,NY12529
    LYNN GALE President
    0.50     		0    
    8167 NICE WAY
    SARASOTA,FL34238
    BARBARA MAISEL SECY/TREAS
    0.50     		0    
    4894 bradshaw COURT
    SAN DIEGO,CA92140
    DAVID L ORENSTEIN CPA
    0.00     		0    
    75 NORTH STREET
    PITTSFIELD,MA01201
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    DAVID L ORENSTEIN CPA ACCOUNTING 4,155
    150 PITTSFIELD ROAD
    LENOX,MA01240
    RBC WEALTH MANAGEMENT INVESTMENT MANAGEMENT 21,979
    200 PARK AVENUE2ND FL
    FLORHAM PARK,NJ07932
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    2,811,094
    b
    Average of monthly cash balances.......................
    1b
    32,249
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,843,343
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    2,843,343
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    42,650
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,800,693
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    140,035
    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
    140,035
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,873
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,873
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    138,162
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    138,162
    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
    138,162
    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
    136,635
    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
    136,635
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    136,635
    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 7 138,162
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 130,288
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 136,635
    a Applied to 2019, but not more than line 2a 130,288
    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..... 6,347
    e Remaining amount distributed out of corpus  
    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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		131,815
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    HAWTHORNE VALLEY ASSOCIATION
    327 ROUTE 21C
    GHENT,NY12075     		NONE exempt SCHOLARSHIP FUND, TUITION & FACULTY ASSISTANCE 8,500
    HEVREH OF SOUTHERN BERKSHIRE
    PO BOX 912
    GREAT BARRINGTON,MA01230     		NONE exempt RELIGIOUS ACTIVITES 13,000
    JEWISH FEDERATION OF THE BERKSHIRES
    196 SOUTH STREET
    PITTSFIELD,MA01201     		NONE exempt RELIGIOUS ACTIVITIES 12,500
    THE ARC OF SAN DIEGO
    9575 AERO DRIVE
    SAN DIEGO,CA92123     		NONE exempt SERVICES FOR MENTALLY DISABLED 1,500
    TRUSTEES OF GRINNELL COLLEGE
    733 BROAD STREET
    GRINELL,IA50112     		NONE exempt EDUCATION 20,000
    HELEN WOODWARD ANIMAL CENTER
    PO BOX 64
    RANCHO SANTA FE,CA92067     		NONE exempt ANIMAL SERVICES 2,250
    MAMA'S KITCHEN
    1875 SECOND AVENUE
    SAN DIEGO,CA92101     		NONE exempt FOOD SERVICE 4,250
    ACLU FOUNDATION INC
    125 BROAD STREET - 18TH FLOOR
    NEW YORK,NY10004     		NONE exempt PROTECT CIVIL LIBERTIES 5,000
    MARCH OF DIMES
    515 MADISON AVENUE 20TH FLOOR
    NEW YORK,NY10022     		NONE exempt HEALTH SERVICES 2,000
    MINIATURE SCHNAUZER FRIENDS RESCUE
    1540 STEINHART AVENUE
    REDONDO BEACH,CA90278     		NONE exempt ANIMAL RESCUE 3,000
    NEURO CHALLENGE FOUNDATION
    5602 MARQUESAS CIRCLE - STE 211
    SARASOTA,FL34233     		NONE exempt MEDICAL SERVICES FOR PARKINSONS DISEASE 10,000
    UNIVERSITY OF SOUTH FLORIDA FOUNDAT
    4001 E FLETCHER AVENUE 6TH FL
    TAMPA,FL33613     		NONE EXEMPT FURTHERANCE OF EDUCATION 10,000
    FOUNDATION FOR ANIMAL CARE EDUCATIO
    10455 SORRENTO VALLEY ROAD
    SAN DIEGO,CA92121     		NONE EXEMPT PROVIDE FINANCIAL ASSISTANCE FOR EMERGENCY VETERINARY CARE FOR ANIMAL OWNERS UABLE TO AFFORD 6,000
    CHILDREN FIRST INC
    1648 S 16TH ST
    PHOENIX,AZ85034     		NONE EXEMPT Help underprivileged and homeless children access a quality education 5,000
    UNIVERSITY OF LOUISVILLE
    2301 S 3RD STREET
    LOUISVILLE,KY40292     		NONE PC PROMOTE HIGHER EDUCATION 1,500
    DOUG VARONE DANCERS
    260 W BROADWAY
    NEW YORK,NY10013     		NONE PC TRAIN DANCERS AND CHOREOGRAPHERS AND PROMOTE THE ART OF DANCE. 2,000
    MEMORIAL SLOANE KETTERING
    1275 YORK AVENUE
    NEW YORK,NY10065     		NONE PC SUPPORT RESEARCH AND FURTHER DEVELOP NEW TREAMENTS FOR CANCER 5,000
    BACKYARD BOUNTY OF THE BERKSHIRES
    353 MAIN STREET
    GREAT BARRINGTON,MA01230     		NONE PC collect bumper crops of fruit that ARE distributed to the hungry IN BERKSHIRE COUNTY, MA. 1,500
    THE TREVOR PROJECT
    8704 SANTA MONICA BOULEVARD
    WEST HOLLYWOOD,CA90069     		NONE PC SEEK to PREVENT AND end suicide among gay, lesbian, bisexual, transgender, queer & questioning young people. 1,000
    SARASOTA SHARKS INC
    8587 POTTER PARK DRIVE
    SARASOTA,FL34238     		NONE PC PROMOTE SWIMMING & COMPETITIVE ABILITY AMONGST YOUNG STUDENTS 5,000
    THOMAS JEFFERSON UNIVERSITY
    1020 WALNUT STREET
    PHIALDELPHIA,PA19107     		NONE PC PROMOTE EDUCATION IN MEDICAL AND HEALTH SCIENCES FIELDS 5,000
    ALL FAITHS FOOD BANK
    8171 BLAIKIE COURT
    SARASOTA,FL34240     		NONE PC TO HELP PROVIDE FOOD DISTRIBUTION TO LOW INCOME WORKING PEOPLE IN SARASOTA AND DESOTO, FLORIDA 5,000
    JAZZ CLASSICS FOR CHANGE
    56 FERN HILL ROAD
    GHENT,NY12075     		NONE PC MUSICAL EDUCATION PERFORMANCES 2,000
    ARTS BUSINESS COLLABORATIVE
    3755 58TH STREET APT1
    WOODSIDE,NY11377     		NONE PC TO improve quality of life for people of color through the arts and STEM WITH services THAT focus on the underlying Factors that impede their creative and professional endeavors: access to capital, networks, and training. 1,000
    THE HUMANE FARMING ASSOCIATION
    36 WOODLAND AVENUE
    SAN RAFAEL,CA94901     		NONE PC HELP PROTECT FARM ANIMALS FROM ABUSE AND THE PUBLIC FROM ANTIBIOTICS, HORMONES AND OTHER CHEMICALS USED ON FACTORY FARMS AND TO PROTECT THE ENVIRONMENT FROM IMPACTS OF INDUSTRIALIZED ANIMAL FACTORIES. 1,000
    THE NATURE INSTITUTE
    20 MAY HILL RD
    GHENT,NY12075     		NONE PC The Institute serves as a local, national, and international forum for research, education, and the exchange of ideas about the re-visioning of science and technology in an effort to realign humanity with nature.conferences, leading workshops, training teachers, and lecturing widely. 2,000
    Total .................................bullet 3a 135,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 78,969  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        81,442
    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)..   78,969 81,442
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    160,411
    (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: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    BULOVA GALE FOUNDATION
    EIN:
    13-3866091
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    david l orenstein cpa 4,155 2,770 0 1,385

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    BULOVA GALE FOUNDATION
    EIN:
    13-3866091
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    IBM 6.5% 1/28 13,422 17,388

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    BULOVA GALE FOUNDATION
    EIN:
    13-3866091
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BLACKSTONE GROUP 63,778 142,646
    JOHNSON & JOHNSON 24,709 54,404
    APPLE INC. 40,118 185,770
    BERKSHIRE HILLS BANCORP    
    APOLLO GLOBAL MANAGEMNT INC.    
    FMC CORP 26,679 38,157
    GLAXOSMITHKLINE    
    ATLAS AIR WORLDWIDE HOLDINGS 24,421 24,543
    CUMMINS INC 25,099 29,068
    GRAHAM HOLDINGS COMPANY 25,136 33,070
    SP PLUS CORPORATION 25,956 25,947
    SIMON PROPERTY GROUP INC 15,119 15,350

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    BULOVA GALE FOUNDATION
    EIN:
    13-3866091
    Software ID:
    20011551
    Software Version:
    2020v4.0
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

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


    8,345
    State & Local Government Securities - End of Year Fair Market Value:


    10,311


    TY 2020 InvestmentsOtherSchedule2
    Name:
    BULOVA GALE FOUNDATION
    EIN:
    13-3866091
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    COHEN & STEERS QUAL INC REALTY AT COST 35,024 35,154
    BLACKROCK HEALTH SCIENCES OPPORTUNITIES AT COST 121,323 159,540
    COHEN & STEERS INFRASTRUCTURE FUND AT COST 86,699 93,961
    FIRST TRUST ETF DOW JONES INTERNET AT COST 41,979 107,601
    FIRST TRUST ETF NYSE ARCA BIOTECH AT COST 29,756 30,238
    ISHARES CORE HIGH DIVIDEND ETF AT COST    
    BROOKFIELD INFRASTRUCTURE PARTNERS AT COST 34,301 72,082
    FUNDVANTAGE TR POLEN GROWTH AT COST 70,729 143,774
    MFS SER TR X INTRINSIC VAL FD AT COST 87,575 103,934
    SELECT SECTOR SPDR TECHNOLOGY AT COST 40,875 100,115
    ETF MGRS TRUST PRIME MOBILE AT COST 45,005 76,032
    BLUESTAR TA BIGITECH ISRAEL TECH AT COST 50,061 128,063
    ISHARES EDGE MSCI USA MOMENTUM AT COST 65,111 95,968
    ISHARES US MEDICAL DEVICES AT COST 43,002 64,805
    UIT FT IMAGINE 2025 PORTFOLIO AT COST    
    PIMCO FDS PFD & cAP SECURITIES CL 12 AT COST 165,890 161,331
    EATON VANCE TAX ADVANTAGE GLOBAL DIV AT COST 60,182 59,769
    GLOBAL X NASDAQ 100 COVERED CALL AT COST 44,603 45,190
    CLEARBRIDGE SELECT FD CL A AT COST 107,877 190,617
    ISHARES CORE DIVIDEND GROWTH AT COST 60,071 64,092
    LORD ABBETT BD DEB FD CL F AT COST 238,871 253,677
    LORD ABBETT INCOME FD CL F AT COST 153,562 162,587
    PIMCO DYNAMIC CRED & MTGE INC FD AT COST 50,050 45,156
    SALIENT SELECT INCOME FD INSTL FD AT COST    
    VANGUARD SPECIALIZED REAL ESTATE ETF AT COST    
    BROOKFIELD RENEWABLE PARTNERS AT COST 27,250 29,773
    ETF SERIES SOLUTIONS US GLOBAL AT COST 25,012 26,185
    FIRST TR ETF NASDAQ CLEAN EDGE GREEN ENE AT COST 24,819 27,741
    FIRST TR INTERMED DURATION PFD & INCOME AT COST 50,031 52,429
    FUNDVANTAGE TR POLEN GLOBAL GROWTH AT COST 41,627 51,455
    GLOBAL X US INFRASTRUCTURE DEV ETF AT COST 24,994 26,088
    ISHARES NASDAQ BIOTECHNOLOGY INDEX AT COST 24,801 25,753
    ISHARES S&P GLOBAL CLEAN ENERGY AT COST 24,951 31,205
    UIT FT AMERICAN RECOVERY SER 2 AT COST 69,276 75,780
    UIT ELECTION PORTFOLIO SER 17 AT COST 50,006 52,941
    ARK FINTECH INNOVATION ETF AT COST 36,618 37,432

    TY 2020 OtherAssetsSchedule
    Name:
    BULOVA GALE FOUNDATION
    EIN:
    13-3866091
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Rounding   4  


    TY 2020 OtherExpensesSchedule
    Name:
    BULOVA GALE FOUNDATION
    EIN:
    13-3866091
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ny atty general filing fee 250     250


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    BULOVA GALE FOUNDATION
    EIN:
    13-3866091
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    investment management fees 21,979 21,979 0 0


    TY 2020 TaxesSchedule
    Name:
    BULOVA GALE FOUNDATION
    EIN:
    13-3866091
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE 833 833    
    FOREIGN TAXES WITHHELD 51 51