Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE WILLARY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)201 PENN AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SCRANTON, PA18503
A Employer identification number

23-7014785
B Telephone number (see instructions)

(570) 614-0088
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$13,213,654J 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... 175,557 175,557  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -181,888
b Gross sales price for all assets on line 6a 2,064,971
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ -6,331 175,557  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 778 0 0 778
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 49,090 49,090   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 17,126 1,936   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,523 0 0 1,523
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 24,066 5,702   18,364
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 92,583 56,728 0 20,665
25 Contributions, gifts, grants paid....... 486,585 486,585
26 Total expenses and disbursements. Add lines 24 and 25 579,168 56,728 0 507,250
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -585,499
b Net investment income (if negative, enter -0-) 118,829
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 418,947 386,154 386,154
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,779,881 Click to see attachment1,578,904 1,676,754
b Investments—corporate stock (attach schedule)....... 16,433 Click to see attachment16,433 631,244
c Investments—corporate bonds (attach schedule)....... 1,155,479 Click to see attachment1,312,233 1,400,922
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 6,126,557 Click to see attachment5,618,360 9,118,580
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,497,297 8,912,084 13,213,654
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 9,399,063 8,912,084
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 98,234  
29 Total net assets or fund balances (see instructions)..... 9,497,297 8,912,084
30 Total liabilities and net assets/fund balances (see instructions). 9,497,297 8,912,084
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
9,497,297
2
Enter amount from Part I, line 27a .....................
2
-585,499
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
498
4
Add lines 1, 2, and 3 ..........................
4
8,912,296
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
212
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
8,912,084
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 20000. ABBVIE INC CALL 04/14/2021 @ 100.000 UNSC   2019-02-25 2020-02-13
b 25000. MORGAN STANLEY UNSC   2017-02-21 2020-02-13
c 10000. MORGAN STANLEY UNSC   2016-06-07 2020-02-13
d 25000. USA TREASURY NOTES 02.000% DUE 05/31/2021   2018-08-23 2020-02-13
e 8000. UNITED TECHNOLOGIES CORP CALL 07/16/2023 UNSC   2019-12-11 2020-02-28
30000. USA TREASURY NOTES 02.250% DUE 08/15/2027   2017-10-10 2020-03-12
40000. USA TREASURY NOTES 02.500% DUE 05/15/2024   2018-03-15 2020-03-12
55000. USA TREASURY NOTES 02.250% DUE 02/15/2027   2017-06-15 2020-03-19
25000. USA TREASURY NOTES 02.125% DUE 08/15/2021   2017-03-13 2020-05-07
20000. USA TREASURY NOTES 02.000% DUE 05/31/2021   2018-08-23 2020-05-07
9808.73 HARDING LOEVNER INTERNATIONAL EQUITY PORTFOLIO   2018-02-02 2020-05-08
2800. ISHARES CORE MSCI EMERGING MARKETS   2019-05-06 2020-05-08
11700. SPDR S&P 600 SMALL CAP ETF   2017-02-13 2020-05-08
8089.008 VANGUARD INTL VALUE   2017-11-08 2020-05-08
2000. UNITED TECHNOLOGIES CORP CALL 07/16/2023 UNSC   2019-12-11 2020-05-19
40000. CALLEGUAS CA MUNI WTR DIST REF-SER A REV   2016-06-15 2020-07-01
50000. USA TREASURY NOTES 02.125% DUE 08/15/2021   2017-03-13 2020-07-08
55000. USA TREASURY NOTES 02.000% DUE 11/15/2021   2019-07-02 2020-07-08
10000. WASTE MANAGEMENT INC CALL 05/15/2024 COG   2019-10-29 2020-07-20
25000. CITIGROUP INC CALL 11/08/2021 UNSC   2017-02-16 2020-08-18
50000. BANK OF AMERICA CORP SNTS   2017-02-16 2020-08-24
20000. BANK OF NY MELLON CORP SER MTN CALL 04/03/21 @100 UNSC   2016-06-14 2020-08-27
50000. DUKE ENERGY CAROLINAS 1ST MORTGAGE   2016-06-09 2020-08-27
24000. MEDTRONIC INC COGT   2017-02-21 2020-08-27
50000. USA TREASURY NOTES 01.750% DUE 11/15/2029   2020-07-07 2020-09-04
20000. ORACLE CORP CALL 03/15/2022 @ 100.000 UNSC   2016-06-07 2020-09-11
100000. TRIBOROUGH NY BRIDGE & TUN REF-SUB-SU RE   2017-02-21 2020-11-15
25000. CVS HEALTH CORP CALL 01/25/2023 UNSC   2019-12-03 2020-12-22
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 20,109   19,661 448
b 25,363   24,804 559
c 10,029   10,048 -19
d 25,153   24,564 589
e 8,636   8,438 198
33,192   29,759 3,433
42,958   39,539 3,419
59,391   55,328 4,063
25,627   25,026 601
20,395   19,652 743
200,000   229,524 -29,524
122,623   145,198 -22,575
633,778   756,979 -123,201
239,435   326,495 -87,060
2,206   2,110 96
40,000   40,000  
51,078   50,052 1,026
56,366   55,318 1,048
10,100   10,337 -237
25,749   24,989 760
55,777   50,888 4,889
20,202   20,057 145
50,956   51,544 -588
25,035   24,323 712
54,986   55,088 -102
20,657   20,200 457
100,000   100,000  
28,427   26,938 1,489
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
      56,743
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       448
b       559
c       -19
d       589
e       198
      3,433
      3,419
      4,063
      601
      743
      -29,524
      -22,575
      -123,201
      -87,060
      96
       
      1,026
      1,048
      -237
      760
      4,889
      145
      -588
      712
      -102
      457
       
      1,489
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 -181,888
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 1,652
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,652
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,652
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 6,588
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,588
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 4,936
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet826 RefundedBullet 11 4,110
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletPA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletPNC BANK NA Telephone no.bullet (412) 762-7070

    Located atbullet116 ALLEGHENY CENTER MALLPITTSBURGHPA ZIP+4bullet15212
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    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
    JOSEPH C SCRANTON TRUSTEE
    5     		0    
    C/O PNC BANK 201 PENN STREET
    SCRANTON,PA18501
    SUSAN SCRANTON DAWSON TRUSTEE
    5     		0    
    C/O PNC BANK 201 PENN STREET
    SCRANTON,PA18501
    PETER K SCRANTON TRUSTEE
    5     		0    
    C/O PNC BANK 201 PENN STREET
    SCRANTON,PA18501
    WILLIAM W SCRANTON III TRUSTEE
    5     		0    
    C/O PNC BANK 201 PENN STREET
    SCRANTON,PA18501
    S CAITLIN SCRANTON ADVISORY COMMITTEE MEMBER
    5     		0    
    C/O PNC BANK 201 PENN STREET
    SCRANTON,PA18501
    ELIZABETH S VALOSEK ADVISORY COMMITTEE MEMBER
    5     		0    
    C/O PNC BANK 201 PENN STREET
    SCRANTON,PA18501
    JULIEN SCRANTON ADVISORY COMMITTEE MEMBER
    5     		0    
    C/O PNC BANK 201 PENN STREET
    SCRANTON,PA18501
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    11,827,315
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,827,315
    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
    11,827,315
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    177,410
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,649,905
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    582,495
    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
    582,495
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,652
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,652
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    580,843
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    580,843
    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
    580,843
    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
    507,250
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    507,250
    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
    507,250
    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 7 580,843
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 473,533
    b Total for prior years:2018, 20, 20 574
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 507,250
    a Applied to 2019, but not more than line 2a 473,533
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		574
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 33,143
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		547,700
    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) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    PNC BANK CO KENNETH SPRUILL
    PO BOX 283
    SCRANTON,PA18501
    (570) 614-0088
    bThe form in which applications should be submitted and information and materials they should include:
    THE WILLARY FOUNDATION GRANT APPLICATION FORM
    cAny submission deadlines:
    SEE APPLICATION FORM
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE APPLICATION FORM
    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
    WAVERLY COMMUNITY HOUSE INC
    1115 N ABINGTON ROAD
    WAVERLY,PA18471     		NONE PC GENERAL SUPPORT 21,000
    LACKAWANNA COUNTY LIBRARY SYSTEM
    2043 N MAIN AVENUE
    SCRANTON,PA18508     		NONE PC GENERAL SUPPORT 5,000
    SCRANTON SHAKESPEARE FESTIVAL
    32 LITTLE LAKE ROAD
    JEFFERSON TWP,PA18436     		NONE PC GENERAL SUPPORT 10,000
    BROADWAY THEATRE LEAGUE
    700 MONROE STREET
    HUNTSVILLE,AL35801     		NONE PC GENERAL SUPPORT 20,000
    THE NATURE CONSERVANCY
    4245 NORTH FAIRFAX DRIVE
    ARLINGTON,VA222031606     		NONE PC GENERAL SUPPORT 77,085
    UNITED NEIGHBORHOOD CENTERS
    OF SCRANTON
    410 OLIVE STREET
    SCRANTON,PA18505     		NONE PC GENERAL SUPPORT 25,000
    UNITED WAY OF WYOMING VALLEY
    100 N PENNSYLVANIA AVENUE
    WILKESBARRE,PA18701     		NONE PC GENERAL SUPPORT 15,000
    WYOMING VALLEY CATHOLIC YOUTH
    CENTER
    36 S WASHINGTON STREET
    WILKESBARRE,PA18701     		NONE PC GENERAL SUPPORT 12,500
    FAMILY SERVICE ASSOCIATION OF NEPA
    31 W MARKET STREET
    WILKESBARRE,PA18701     		NONE PC GENERAL SUPPORT 15,000
    CITY OF SCRANTON
    340 N WASHINGTON AVENUE
    SCRANTON,PA18503     		NONE PC GENERAL SUPPORT 50,000
    SCRANTON AREA FOUNDATION
    615 JEFFERSON AVENUE
    SCRANTON,PA18510     		NONE PC GENERAL SUPPORT 10,000
    NATIVITY MIGUEL SCHOOL OF SCRANTON
    2300 ADAMS AVENUE
    DUNMORE,PA18509     		NONE PC GENERAL SUPPORT 17,000
    WILKES UNIVERSITY INSTITUTE FOR
    PUBLIC POLICY AND ECONOMIC DEVELOPMENT
    85 S MAIN STREET
    WILKESBARRE,PA18701     		NONE PC GENERAL SUPPORT 10,000
    LEADERSHIP LACKAWANNA
    222 MULBERRY STREET
    SCRANTON,PA18503     		NONE PC GENERAL SUPPORT 25,000
    SCRANTON LACKAWANNA HUMAN
    DEVELOPMENT
    123 WYOMING AVENUE
    SCRANTON,PA18503     		NONE PC GENERAL SUPPORT 40,000
    EMPLOYMENT OPPORTUNITY & TRAINING
    CENTER DBA OUTREACH CENTER
    131 M STREET NE
    WASHINGTON,DC20507     		NONE PC GENERAL SUPPORT 30,000
    WOMEN'S RESOURCE CENTER INC
    720 S ELMWOOD STE 2
    TRAVERSE CITY,MO49684     		NONE PC GENERAL SUPPORT 25,000
    BLACK SCRANTON PROJECT INC
    340 N WASHINGTON AVENUE
    SCRANTON,PA15206     		NONE PC GENERAL SUPPORT 39,000
    ABINGTON AREA JOINT REC BOARD
    1188 WINOLA ROAD
    SOUTH ABINGTON TOWNSHI,PA18411     		NONE PC GENERAL SUPPORT 25,000
    HOSPICE OF SACRED HEART
    600 BALTIMORE DRIVE
    WILKESBARRE,PA18702     		NONE PC GENERAL SUPPORT 15,000
    Total .................................bullet 3a 486,585
    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....     14 175,557  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -181,888  
    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)..   -6,331  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -6,331
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE WILLARY FOUNDATION
    EIN:
    23-7014785
    Name of Bond End of Year Book Value End of Year Fair Market Value
    00206RCT7 AT&T INC CALL 11/17/ 35,549 40,504
    00287YAQ2 ABBVIE INC CALL 02/1 21,387 22,282
    031162CT5 AMGEN INC CALL 12/21 15,382 16,080
    03522AAG5 ANHEUSER-BUSCH CO/IN 26,316 28,259
    036752AG8 ANTHEM INC CALL 12/0 27,612 29,555
    037833BU3 APPLE INC CALL 12/23 65,375 68,258
    06051GJF7 BANK OF AMERICA CORP 45,529 45,465
    084670BS6 BERKSHIRE HATHAWAY I 20,599 22,346
    10112RAW4 BOSTON PROPERTIES LP 5,300 5,433
    10373QAE0 BP CAP MARKETS AMERI 31,051 35,852
    172967LW9 CITIGROUP INC SR UNS 46,576 46,915
    20030NBY6 COMCAST CORP CALL 12 45,412 50,768
    233331BE6 DTE ENERGY CO UNSC 29,955 30,990
    244199BE4 DEERE & COMPANY SR U 20,269 20,574
    24422ETG4 JOHN DEERE CAPITAL C 40,041 42,217
    254687FL5 WALT DISNEY COMPANY/ 37,481 38,671
    29250NAQ8 ENBRIDGE INC SEDOL I 9,986 10,369
    29379VBV4 ENTERPRISE PRODUCTS 16,721 16,628
    31428XBZ8 FEDEX CORP CALL 02/1 11,969 12,150
    38141GVM3 GOLDMAN SACHS GROUP 31,124 33,149
    437076BK7 HOME DEPOT INC CALL 21,095 22,522
    46625HRV4 JPMORGAN CHASE & CO 61,495 72,114
    548661DH7 LOWE'S COS INC CALL 21,034 22,323
    61761JVL0 MORGAN STANLEY UNSC 26,880 27,820
    65339KAT7 NEXTERA ENERGY CAPIT 29,437 34,158
    68389XBL8 ORACLE CORP CALL 07/ 38,805 42,060
    713448ES3 PEPSICO INC CALL 12/ 39,458 44,788
    74340XBR1 PROLOGIS LP CALL 07/ 29,557 29,707
    74432QBZ7 PRUDENTIAL FINANCIAL 10,217 11,007
    744573AN6 PUBLIC SERVICE ENTER 42,252 43,061
    806854AH8 SCHLUMBERGER INVESTM 15,657 16,285
    822582BD3 SHELL INTERNATIONAL 60,411 66,506
    828807CS4 SIMON PROPERTY GROUP 25,904 27,186
    85771PAG7 STATOIL ASA ISIN US8 59,113 62,606
    913017CR8 UNITED TECHNOLOGIES 16,725 16,825
    91324PDD1 UNITEDHEALTH GROUP I 45,662 46,767
    92343VBR4 VERIZON COMMUNICATIO 27,789 28,171
    92343VCR3 VERIZON COMMUNICATIO 25,695 27,613
    92826CAD4 VISA INC CALL 09/14/ 21,339 21,315
    931142EE9 WALMART INC CALL 03/ 40,855 47,114
    94974BGH7 WELLS FARGO & COMPAN 38,831 43,486
    961214DQ3 WESTPAC BANKING CORP 30,388 31,023

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE WILLARY FOUNDATION
    EIN:
    23-7014785
    Name of Stock End of Year Book Value End of Year Fair Market Value
    84670702 BERKSHIRE HATHAWAY IN 6,385 556,488
    478160104 JOHNSON & JOHNSON 10,048 74,756

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    THE WILLARY FOUNDATION
    EIN:
    23-7014785
    US Government Securities - End of Year Book Value:

    1,578,904
    US Government Securities - End of Year Fair Market Value:

    1,676,754
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE WILLARY FOUNDATION
    EIN:
    23-7014785
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS - EQUITY      
    15565229 ALGER SMALL CAP FOCUS AT COST 200,000 268,457
    317609295 SEAFARER OVERSEAS GR AT COST 132,000 178,303
    412295107 HARDING LOEVNER INTE AT COST 435,356 540,874
    461418444 WCM FOCUSED INTL GRO AT COST 200,000 279,345
    464287309 ISHARE S&P 500 GROWT AT COST 579,726 1,153,866
    464287465 ISHARES MSCI EAFE ET AT COST 280,265 398,362
    464287598 ISHARES RUSSELL 1000 AT COST 739,382 880,678
    464287614 ISHARES RUSSELL 1000 AT COST 389,923 953,709
    00170K869 AMG GW&K SC CORE-I AT COST 150,000 206,267
    0075W0759 EDGEWOOD GROWTH FUND AT COST 500,000 683,023
    46434V621 ISHARES CORE DIVIDEN AT COST 349,414 518,343
    74256W584 PRINCIPAL MIDCAP FUN AT COST 920,000 1,289,232
    89154Q562 TOUCHSTONE SANDS EM AT COST 100,000 165,935
    92204A108 VANGUARD CONSUMER DI AT COST 159,254 790,592
    92204A702 VANGUARD INFORMATION AT COST 483,040 811,594

    TY 2020 LegalFeesSchedule
    Name:
    THE WILLARY FOUNDATION
    EIN:
    23-7014785
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - INCOME (ALLOCABLE 778     778


    TY 2020 OtherDecreasesSchedule
    Name:
    THE WILLARY FOUNDATION
    EIN:
    23-7014785
    Description Amount
    2020 TRANSACTIONS POSTED IN 2021 5
    PURCHASE OF ACCRUED INT C/O TO NEXT YEAR 207


    TY 2020 OtherExpensesSchedule
    Name:
    THE WILLARY FOUNDATION
    EIN:
    23-7014785
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MAP MANAGEMENT FEES 5,702 5,702   0
    MEMBERSHIP RENEWAL FEES 765 0   765
    OFFICE EXPENSES 15,974 0   15,974
    LIABILITY INSURANCE FEES 1,625 0   1,625


    TY 2020 OtherIncreasesSchedule
    Name:
    THE WILLARY FOUNDATION
    EIN:
    23-7014785
    Description Amount
    PURCHASE OF ACCRUED INT C/O FROM PY 493
    ROUNDING ADJ FOR SALES AND TRANS 5


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE WILLARY FOUNDATION
    EIN:
    23-7014785
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PNC AGENT FOR TRUSTEE FEES 49,090 49,090    


    TY 2020 TaxesSchedule
    Name:
    THE WILLARY FOUNDATION
    EIN:
    23-7014785
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT - PRIOR YE 8,602 0   0
    FEDERAL ESTIMATES - PRINCIPAL 6,588 0   0
    FOREIGN TAXES ON QUALIFIED FOR 1,515 1,515   0
    FOREIGN TAXES ON NONQUALIFIED 421 421   0