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
CHARLES P & MARGARET E POLK FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)301 NORTH STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILLERSBURG, PA17061
A Employer identification number

23-6296772
B Telephone number (see instructions)

(717) 692-2613
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$47,948,160J 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) 36,569
2 Check bullet.............
3 Interest on savings and temporary cash investments 10   10
4 Dividends and interest from securities... 217,263 217,263  
5a Gross rents............ 665,007 41,691 623,316
b Net rental income or (loss) 180,217
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment -257,014
b Gross sales price for all assets on line 6a 9,833,895
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 61,828
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment 2,238,931   2,238,931
12 Total. Add lines 1 through 11........ 2,900,766 258,954 2,924,085
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 126,217 78,000 48,217 0
14 Other employee salaries and wages...... 1,770,665 137,752 1,632,913 0
15 Pension plans, employee benefits....... 270,535 13,161 257,374 0
16a Legal fees (attach schedule)......... Click to see attachment 0 0 0 0
b Accounting fees (attach schedule)....... Click to see attachment 27,693 27,693 0 0
c Other professional fees (attach schedule).... Click to see attachment 134,068 129,468 4,600 0
17 Interest............... 18,376 18,376 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 375,040 151,903 223,136 0
19 Depreciation (attach schedule) and depletion... Click to see attachment 449,975 17,168 432,807
20 Occupancy.............. 190,541 40,588 149,953 0
21 Travel, conferences, and meetings....... 10,850 0 10,850 0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 510,823 95,147 415,676 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,884,783 709,256 3,175,526 0
25 Contributions, gifts, grants paid....... 5,000 5,000
26 Total expenses and disbursements. Add lines 24 and 25 3,889,783 709,256 3,175,526 5,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -989,017
b Net investment income (if negative, enter -0-) 0
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............. 69,628 74,372 74,372
2 Savings and temporary cash investments......... 535,695 1,152,812 1,152,813
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0  
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet     0  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 6,595 6,595 6,595
10a Investments—U.S. and state government obligations (attach schedule) 5,000 Click to see attachment5,000 5,000
b Investments—corporate stock (attach schedule)....... 11,824,293 Click to see attachment10,393,430 12,451,612
c Investments—corporate bonds (attach schedule)....... 0    
11 Investments—land, buildings, and equipment: basis bullet2,481,624
Less: accumulated depreciation (attach schedule) bullet340,583 2,178,686 Click to see attachment2,141,041 3,087,083
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   0  
14 Land, buildings, and equipment: basis bullet20,622,379
Less: accumulated depreciation (attach schedule) bullet13,051,873 7,994,336 Click to see attachment7,570,506 31,170,685
15 Other assets (describe bullet) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 22,614,233 21,343,756 47,948,160
Liabilities 17 Accounts payable and accrued expenses.......... 23,767 8,203
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)...... 778,521 Click to see attachment512,625
22 Other liabilities (describe bullet) 0 0
23 Total liabilities (add lines 17 through 22)......... 802,288 520,828
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 21,811,945 20,822,928
29 Total net assets or fund balances (see instructions)..... 21,811,945 20,822,928
30 Total liabilities and net assets/fund balances (see instructions). 22,614,233 21,343,756
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
21,811,945
2
Enter amount from Part I, line 27a .....................
2
-989,017
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
20,822,928
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
20,822,928
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 LONG TERM STOCK SALES P 2001-01-01 2020-12-31
b SHORT TERM STOCK SALES P 2020-01-01 2020-12-31
c
d
e
(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 7,331,134 0 7,708,536 -377,402
b 2,422,761 0 2,360,933 61,828
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a 0 0 0 -377,402
b 0 0 0 61,828
c
d
e
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 -315,574
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 61,828
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 0
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 0
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 0
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 6,595
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Original Return Overpayment: -6595 7 6,595
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 6,595
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet6,595 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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
    Yes
     
    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 ofbulletPOLK FOUNDATION Telephone no.bullet (717) 692-2613

    Located atbullet301 NORTH STMILLERSBURGPA ZIP+4bullet17061
    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
    JUDY PAUL SECRETARY
    10.00     		18,000 0 0
    RD1 BOX 85
    KLINGERSTOWN,PA17941
    DAVID HAWLEY CHAIRMAN
    5.00     		24,000 0 0
    575 UNION STREET
    MILLERSBURG,PA17061
    RICHARD IBBERSON TREASURER
    2.00     		12,000 0 0
    239 MOORE STREET
    MILLERSBURG,PA17061
    J BRUCE WALTER VICE-CHAIRMAN
    2.00     		12,000 0 0
    423 SHAFFER ROAD
    MILLERSBURG,PA17061
    EDWIN SCHLEGEL ASST TREASURER
    2.00     		12,000 0 0
    2 DAWN DRIVE
    MILLERSBURG,PA17061
    CRYSTAL L ALTLAND ADMINISTRATOR
    40.00     		90,217 702 0
    701 KENTUCKY DRIVE
    ELIZABETHVILLE,PA17023
    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
    ANGELA KOHLER ASST ADMINISTRATOR
    40.00     		65,386 1,962 0
    211 GREEN ACRES AVE
    ELIZABETHVILLE,PA17023
    CHRISTOPHER HOOVER FACILITIES MANAGER
    40.00     		66,518 3,327 0
    207 JAMES ROAD
    MILLERSBURG,PA17061
    MIRANDA HOOVER ASST ADMINISTRATOR
    40.00     		72,894 3,645 0
    207 JAMES ROAD
    MILLERSBURG,PA17061
    VINCENT LIDDICK MAINTENANCE
    40.00     		54,517 2,726 0
    1145 NORTH 2ND ST
    LYKENS,PA17048
    JUDY LAHR WORKER
    40.00     		55,047 2,752 0
    460 CREEK ROAD
    DORNSIFE,PA17823
    Total number of other employees paid over $50,000...................bullet 5
    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 OPERATE AND MAINTAIN LOW-INCOME APARTMENT COMPLEXES AND AN ASSISTED LIVING PERSONAL CARE FACILITY FOR QUALIFYING ELDERLY PERSONS 3,143,412
    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 OPERATE AND MAINTAIN LOW-INCOME APARTMENT COMPLEXES AND AN ASSISTED LIVING PERSONAL CARE FACILITY FOR QUALIFYING ELDERLY PERSONS 469,725
    2 MAINTAIN PROPERTY FOR MEDICAL CENTER 15,105
    All other program-related investments. See instructions.
    3 Click to see attachment 261,539
    Total. Add lines 1 through 3.........................bullet746,369
    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
    13,537,661
    b
    Average of monthly cash balances.......................
    1b
    72,000
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,486,624
    d
    Total (add lines 1a, b, and c).........................
    1d
    16,096,285
    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
    512,625
    3
    Subtract line 2 from line 1d.........................
    3
    15,583,660
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    233,755
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    15,349,905
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    767,495
    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
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    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
    0
    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
    5,000
    b
    Program-related investments—total from Part IX-B..................
    1b
    746,369
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    8,500
    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
    759,869
    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
    759,869
    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 0
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 964,513
    b From 2016...... 1,007,484
    c From 2017...... 926,843
    d From 2018...... 795,504
    e From 2019...... 1,031,821
    fTotal of lines 3a through e........ 4,726,165
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 759,869
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount.....  
    e Remaining amount distributed out of corpus 759,869
    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 5,486,034
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		964,513
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		4,521,521
    10 Analysis of line 9:
    a Excess from 2016.... 1,007,484
    b Excess from 2017.... 926,843
    c Excess from 2018.... 795,504
    d Excess from 2019.... 1,031,821
    e Excess from 2020.... 759,869
    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
    0 0 0 0 0
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		759,869 1,031,821 795,504 926,843 3,514,037
    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 ....     		759,869 1,031,821 795,504 926,843 3,514,037
    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...     		514,222 479,822 486,125 493,150 1,973,319
    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
    GRACE UNITED METHODIST CHURCH
    982 MEDICAL ROAD
    MILLERSBURG,PA17061     		  CHURCH VOLUNTARY DONATION 5,000
    Total .................................bullet 3a 5,000
    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
    aLOW INCOME HOUSING RENTS         623,316
    bPERSONAL CARE CENTER ROOM AND BOARD         1,677,358
    cPERSONAL CARE SERVICES         66,935
    dMEDICAL CENTER RENTAL         41,691
    eMISC         494,638
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		        10
    4 Dividends and interest from securities....         217,263
    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 ............     		        -257,014
    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)..     2,864,197
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,864,197
    (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.)
    1A PRODUCES REVENUES TO PAY FOR EXPENSES OF OPERATING LOW-RENTAL HOUSING
    1B PRODUCES REVENUES TO PAY FOR EXPENSES OF OPERATING ELDERLY CARE FACILITY
    1C PRODUCES REVENUES TO PAY FOR EXPENSES IN THE SUPPORT OF QUALITY ELDER CARE
    1D PRODUCES REVENUES TO PAY FOR EXPENSES IN THE SUPPORT OF QUALITY ELDER & MEDICAL CARE
    1E MISCELLANEOUS UNRESTRICTED INCOME RELATED TO OPERATIONS
    3 PRODUCES REVENUES FOR THE OPERATION AND FUTURE CONSTRUCTION OF NEW FACILITIES
    4 PRODUCES REVENUES FOR THE OPERATION AND FUTURE CONSTRUCTION OF NEW FACILITIES
    8 PRODUCES REVENUES FOR THE OPERATION AND FUTURE CONSTRUCTION OF NEW FACILITIES
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  
    Part VI Line 7 -Original Return Overpayment: -6,595


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    CHARLES P & MARGARET E POLK FOUNDATION
    EIN:
    23-6296772
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    VARIOUS PAYROLL, MONTHLY 27,693 27,693 0 0

    TY 2020 AllOthProgRltdInvestmentsSch
    Name:
    CHARLES P & MARGARET E POLK FOUNDATION
    EIN:
    23-6296772
    Category Amount
    ADMINISTRATION EXPENSES 261,539

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

    TY 2020 DepreciationSchedule
    Name:
    CHARLES P & MARGARET E POLK FOUNDATION
    EIN:
    23-6296772
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    ROOF REPAIRS 2000-07-31 43,295 23,027 SL 39.000000000000 1,037      
    LANDSCAPING 2000-10-31 7,500 7,500 200DB 5.000000000000 0      
    FLOORING AND PAINTING 2000-10-31 7,980 7,980 200DB 5.000000000000 0      
    LANDSCAPING 2000-10-31 7,500 7,500 200DB 5.000000000000 0      
    FLOORING AND PAINTING 2000-10-31 70,655 70,655 200DB 5.000000000000 0      
    ROOF REPAIRS 2000-07-31 47,700 25,374 SL 39.000000000000 1,142      
    LANDSCAPING 2000-10-31 7,500 7,500 200DB 5.000000000000 0      
    FLOORING AND PAINTING 2000-10-31 2,265 2,265 200DB 5.000000000000 0      
    ROOF REPAIRS 2002-02-11 14,779 14,779 200DB 5.000000000000 0      
    FLOORING AND PAINTING 2000-10-31 8,337 8,337 200DB 5.000000000000 0      
    LANDSCAPING 2001-06-30 2,839 2,839 200DB 5.000000000000 0      
    LIGHTING IMPROVEMENTS 2001-07-23 1,687 1,687 200DB 5.000000000000 0      
    MISC EQUIPMENT 2000-06-30 13,885 13,885 200DB 5.000000000000 0      
    OFFICE EQUIPMENT 2000-06-30 17,175 17,175 200DB 5.000000000000 0      
    COMPUTER EQUIPMENT 2002-09-27 5,668 5,668 200DB 5.000000000000 0      
    CARPETING 2001-12-21 1,256 1,256 200DB 5.000000000000 0      
    APPLIANCES 2000-06-30 1,061 1,061 200DB 5.000000000000 0      
    PAPERING AND PAINTING 2001-03-23 11,346 11,346 200DB 5.000000000000 0      
    CARPETING 2001-05-18 2,215 2,215 200DB 5.000000000000 0      
    CARPETING 2001-12-21 1,910 1,910 200DB 5.000000000000 0      
    INCLINATOR 2001-05-10 4,450 4,450 200DB 5.000000000000 0      
    OFFICE FURNITURE 2001-02-02 25,213 25,213 200DB 5.000000000000 0      
    FURNITURE 2001-06-30 20,785 20,785 200DB 5.000000000000 0      
    OUTSIDE PORCH FURNITURE 2001-06-30 16,290 16,290 200DB 5.000000000000 0      
    GLASS DINING ROOM TABLES 2001-09-07 5,170 5,170 200DB 5.000000000000 0      
    KITCHEN EQUIPMENT 2001-09-13 1,415 1,415 200DB 5.000000000000 0      
    PORTABLE SOUND SYSTEM 2001-09-21 1,187 1,187 200DB 5.000000000000 0      
    PIANO 2001-10-08 10,297 10,297 200DB 5.000000000000 0      
    COMPUTER 2001-11-13 1,508 1,508 SL 3.000000000000 0      
    300 MOORE ST 1983-06-30 923,080 923,080 SL 40.000000000000 0      
    CARPETING AND FLOORING 1996-06-30 7,624 7,621 SL 10.000000000000 0      
    LANDSCAPING 1996-06-30 6,672 6,671 SL 10.000000000000 0      
    CARPETING AND FLOORING 1997-06-30 4,732 4,731 SL 10.000000000000 0      
    INCLINATOR 1997-06-30 1,800 1,800 SL 10.000000000000 0      
    PAINTING AND IMPROVEMENTS 1997-06-30 7,372 7,366 SL 15.000000000000 0      
    IMPROVEMENTS AND REMODELING 1998-06-30 107,278 107,278 SL 15.000000000000 0      
    CARPETING AND FLOORING 1998-06-30 12,559 12,559 SL 10.000000000000 0      
    INCLINATORS AND ELEVATORS 1998-06-30 16,480 16,480 SL 10.000000000000 0      
    LANDSCAPING 1998-06-30 1,909 1,909 SL 10.000000000000 0      
    INCLINATORS AND ELEVATORS 1999-04-21 11,330 11,330 SL 10.000000000000 0      
    401-403 MOORE ST 1985-06-30 990,472 990,472 SL 15.000000000000 0      
    CARPET 1993-06-30 2,168 2,168 SL 10.000000000000 0      
    GARAGE AND GAZEBO 1994-06-30 39,938 25,452 SL 40.000000000000 998      
    FENCING 1994-06-30 2,940 2,940 SL 10.000000000000 0      
    CARPETING 1994-06-30 7,959 7,959 SL 10.000000000000 0      
    ROOF 1995-06-30 6,488 3,970 SL 40.000000000000 162      
    FLOORING 1995-06-30 8,551 8,551 SL 7.000000000000 0      
    FENCING 1997-06-30 680 680 SL 10.000000000000 0      
    IMPROVEMENTS 1997-06-30 9,723 9,721 SL 15.000000000000 0      
    FLOORING AND CARPETING 1998-06-30 7,206 7,206 SL 10.000000000000 0      
    PLUMBING 1998-06-30 1,151 1,151 SL 10.000000000000 0      
    IMPROVEMENTS 1999-07-20 35,253 35,250 SL 15.000000000000 0      
    CARPETING 1999-11-04 4,476 4,476 SL 7.000000000000 0      
    ROOF MAINTENANCE 1999-11-12 3,950 3,950 SL 15.000000000000 0      
    IMPROVEMENTS 2001-06-30 4,934 2,281 SL 40.000000000000 123      
    401 CENTER STREET 1987-06-30 379,408 379,408 SL 15.000000000000 0      
    BUILDING 401 CENTER 1989-06-30 899,051 899,051 SL 15.000000000000 0      
    ELEVATOR 1989-06-30 38,000 38,000 SL 10.000000000000 0      
    BUILDING 401 CENTER 1990-06-30 266,675 266,675 SL 15.000000000000 0      
    RENOVATIONS 1992-06-30 21,590 21,590 SL 15.000000000000 0      
    RENOVATIONS/KITCHEN 1993-06-30 30,148 30,148 SL 15.000000000000 0      
    ROOF 1993-06-30 16,035 16,035 SL 15.000000000000 0      
    FLOORING 1998-06-30 1,445 1,445 SL 10.000000000000 0      
    CARPETING 1999-01-18 4,746 4,746 SL 7.000000000000 0      
    IMPROVEMENTS 2001-06-30 17,090 7,917 SL 40.000000000000 427      
    ROOF 2001-05-30 25,020 11,659 SL 40.000000000000 626      
    423-425 RACE AND NORTH BUILDING 1998-08-01 194,444 104,512 SL 40.000000000000 4,861      
    FLOORING 1998-08-01 2,112 2,112 SL 10.000000000000 0      
    PERSONAL CARE BUILDING 2000-04-30 5,597,139 2,684,945 SL 40.000000000000 139,928      
    FURNITURE 1990-06-30 9,232 9,232 SL 7.000000000000 0      
    TELEPHONE SYSTEM 1991-06-30 2,500 2,500 SL 7.000000000000 0      
    COPIER 1991-06-30 1,833 1,833 SL 7.000000000000 0      
    SNOWBLOWER 1991-06-30 1,413 1,413 SL 7.000000000000 0      
    MISC EQUIPMENT 1991-06-30 2,780 2,780 SL 7.000000000000 0      
    MISC EQUIPMENT 1992-06-30 4,083 4,083 SL 7.000000000000 0      
    APPLIANCES 1993-06-30 6,564 6,564 SL 7.000000000000 0      
    SNOWBLOWERS-3 1994-06-30 2,920 2,920 SL 7.000000000000 0      
    OFFICE FURNITURE 1994-06-30 474 474 SL 7.000000000000 0      
    APPLIANCES 1995-06-30 13,053 13,053 SL 7.000000000000 0      
    APPLIANCES 1996-06-30 5,870 5,870 SL 7.000000000000 0      
    FIRE EXTINGUISHERS 1996-06-30 509 509 SL 7.000000000000 0      
    CURB STOPS 1996-06-30 418 418 SL 7.000000000000 0      
    STAIRCHAIR 1997-06-30 9,148 9,148 SL 7.000000000000 0      
    MISC EQUIP 1997-06-30 851 851 SL 7.000000000000 0      
    MISC EQUIP 1998-06-30 551 551 SL 7.000000000000 0      
    OFFICE FURNITURE 1998-06-30 2,681 2,681 SL 7.000000000000 0      
    COMPUTER SYSTEMS 1998-06-30 15,450 15,450 SL 5.000000000000 0      
    APPLIANCES 1983-06-30 9,900 9,900 SL 10.000000000000 0      
    GENERATOR 1983-06-30 5,000 5,000 SL 10.000000000000 0      
    TABLES AND CHAIRS 1983-06-30 911 911 SL 10.000000000000 0      
    APPLIANCES 1993-06-30 430 430 SL 7.000000000000 0      
    WATER HEATERS/APPLIANCES 1998-06-30 5,206 5,206 SL 7.000000000000 0      
    APPLIANCES 1985-06-30 24,960 24,960 SL 10.000000000000 0      
    SOCIAL ROOM FURNITURE 1988-06-30 1,033 1,033 SL 10.000000000000 0      
    FURNITURE 1993-06-30 2,266 2,266 SL 10.000000000000 0      
    APPLIANCES 1994-06-30 4,056 4,056 SL 7.000000000000 0      
    SIMPLEX TIME RECORDER CO 1999-06-18 1,983 1,982 SL 7.000000000000 0      
    INCLINATORS/ELEVATORS 1999-10-22 3,980 3,980 SL 7.000000000000 0      
    APPLIANCES 1987-06-30 10,004 10,004 SL 10.000000000000 0      
    APPLIANCES 1989-06-30 16,500 16,500 SL 10.000000000000 0      
    APPLIANCES 1993-06-30 869 869 SL 10.000000000000 0      
    TABLES AND CHAIRS 1993-06-30 4,601 4,601 SL 10.000000000000 0      
    APPLIANCES 1998-06-30 668 666 SL 7.000000000000 0      
    FURNITURE 1998-06-30 251 251 SL 7.000000000000 0      
    APPLIANCES 1998-08-01 279 279 SL 7.000000000000 0      
    FURNISHINGS AND EQUIPMENT 2000-06-30 1,157,076 1,157,076 SL 7.000000000000 0      
    BUILDING 365 NORTH 1999-08-01 91,531 46,713 SL 40.000000000000 2,288      
    BUILDING 330 MOORE ST 1999-09-01 4,500 2,298 SL 40.000000000000 113      
    CARPETING 1999-09-01 2,019 2,019 SL 5.000000000000 0      
    BUILDING 336 MOORE ST 1999-10-01 143,612 72,698 SL 40.000000000000 3,590      
    CARPETING 1999-10-01 7,823 7,823 SL 5.000000000000 0      
    SHED AND GARAGE DEMO 1999-10-01 2,000 1,013 SL 40.000000000000 50      
    BUILDING 338 MOORE 1999-10-01 67,101 33,979 SL 40.000000000000 1,678      
    CARPETING 1999-10-01 4,480 4,480 SL 5.000000000000 0      
    BUILDING 364 MOORE STREET 2000-06-30 10,872 10,872 SL 40.000000000000 0      
    BUILDING 366 MOORE ST 2000-06-30 11,627 11,627 SL 40.000000000000 0      
    BUILDING 372 MOORE ST 2000-05-23 85,497 41,939 SL 40.000000000000 2,137      
    BUILDING 427-429 RACE STREET 2000-10-06 13,590 13,590 SL 40.000000000000 0      
    BUILDING RACE ST HANDY MKT 2000-06-30 85,708 41,878 SL 40.000000000000 2,143      
    WALKWAY 2001-05-31 7,100 3,315 SL 40.000000000000 178      
    STORE FIXTURES AND EQUIPMENT 2000-06-30 21,426 21,426 SL 5.000000000000 0      
    IMPROVEMENTS 2003-01-20 13,289 5,617 SL 40.000000000000 332      
    CHAIRS 2003-05-29 3,780 3,780 SL 7.000000000000 0      
    COMPUTER-MIS 2003-10-15 3,540 3,540 SL 3.000000000000 0      
    358 MOORE ST 2003-12-01 12,382 12,382 SL 40.000000000000 0      
    342-354 MOORE STREET 2003-12-01 105,421 82,499 SL 40.000000000000 2,636      
    FIREPROOF SAFE 2004-12-15 1,600 1,600 SL 7.000000000000 0      
    FURNITURE AND EQUIPMENT 2004-01-01 506,191 506,191 SL 7.000000000000 0      
    445 CENTER STREET 2004-04-01 13,153 13,153 SL 40.000000000000 0      
    FURNACE FOR 445 CENTER STREET 2004-03-18 3,950 3,948 SL 7.000000000000 0      
    ROOF FOR 401-403 MOORE STREET 2004-12-22 28,228 28,228 SL 15.000000000000 0      
    PPC BUILDING IMPROVEMENTS 2002-01-01 6,791,051 2,764,085 SL 40.000000000000 169,776      
    PPC BUILDING RENOVATIONS 2004-12-31 57,060 21,405 SL 40.000000000000 1,427      
    PPC PHASE 2 IMPROVEMENTS 2003-12-01 442,463 197,008 SL 40.000000000000 11,062      
    LAND-MEDICAL ROAD 2000-02-01 527,548 0 sl 39.000000000000 0      
    SNOWBLOWER 1996-06-30 1,562 1,562 SL 7.000000000000 0      
    ELEVATOR 1985-06-30 42,794 42,794 SL 10.000000000000 0      
    PAVING 1985-06-30 5,870 5,870 SL 10.000000000000 0      
    COMPUTER - MIS 2005-01-17 4,582 4,580 SL 5.000000000000 0      
    AIR CONDITIONER 2005-09-26 7,930 7,930 SL 7.000000000000 0      
    NEW ROOF - 338 MOORE 2005-11-03 4,754 4,491 SL 15.000000000000 263      
    OFFICE REMODEL 2005-04-05 27,493 10,133 SL 40.000000000000 687      
    REPLACEMENT WINDOWS 2006-10-09 70,200 62,010 SL 15.000000000000 4,680      
    REPLACEMENT WINDOWS 2006-10-29 67,500 59,250 SL 15.000000000000 4,500      
    ROOF REPLACEMENT-445 CENTER ST 2007-04-04 18,535 15,446 SL 15.000000000000 1,236      
    FREDERICK CENTER-LAND ONLY 2007-01-01 969,881 0 sl 39.000000000000 0      
    FREDERICK CENTER IMPROVEMENTS 2007-03-19 11,704 3,735 SL 40.000000000000 293      
    NEW VEHICLE 2008-11-13 2,258 2,258 SL 7.000000000000 0      
    BOILER-FRED CENTER 2008-07-07 7,567 7,567 SL 7.000000000000 0      
    FREDERICK REMODEL 2008-07-18 16,900 4,829 SL 40.000000000000 423      
    FREDERICK REMODEL 2010 2010-12-01 99,170 22,518 SL 40.000000000000 2,479      
    FREDERICK REMODEL 2011 2011-07-01 48,721 10,353 SL 40.000000000000 1,218      
    FREDERICK CHILLER UNIT 2011-07-01 46,138 46,138 SL 7.000000000000 0      
    GENERATOR 2011-10-12 142,659 117,694 SL 10.000000000000 14,266      
    CARPETING 2012-10-30 3,739 3,739 SL 5.000000000000 0      
    REPAVING 2012-06-22 5,450 1,020 SL 40.000000000000 136      
    REPAVING 2012-06-22 5,750 1,080 SL 40.000000000000 144      
    AWNING 2013-06-30 10,530 1,710 SL 40.000000000000 263      
    FRONT REMODEL 2013-06-30 169,705 27,579 SL 40.000000000000 4,243      
    TRUCK 2013-06-30 23,522 21,840 SL 7.000000000000 1,680      
    INTERCOM 2013-06-30 104,278 96,830 SL 7.000000000000 7,448      
    401 MOORE ST IMPROVEMENTS 2014-06-30 41,249 15,125 SL 15.000000000000 2,750      
    401/403 MOORE ST ROOF 2015-06-30 35,500 10,651 SL 15.000000000000 2,367      
    OFFICE REMODEL 2015-06-30 37,326 4,199 SL 40.000000000000 933      
    AIR CONDITIONER 2015-06-30 8,109 5,211 SL 7.000000000000 1,158      
    ICE CREAM MACHINE 2015-06-30 2,025 1,301 SL 7.000000000000 289      
    DISHWASHER 2015-06-30 4,721 3,033 SL 7.000000000000 674      
    354 MOORE RAZE 2015-12-09 26,850 0 sl 0.000000000000 0      
    APT 109 IMPROVEMENTS 2016-10-11 10,202 829 SL 40.000000000000 255      
    401 CENTER 2016-10-18 17,006 1,346 SL 40.000000000000 425      
    401 MOORE 2016-06-30 20,586 4,802 SL 15.000000000000 1,372      
    FIRE ALARM SYSTEM 2016-09-01 146,268 69,650 SL 7.000000000000 20,895      
    CALL SYSTEM 2016-06-30 20,107 14,074 SL 5.000000000000 4,021      
    DODGE DAKOTA 2016-10-01 17,039 11,076 SL 5.000000000000 3,408      
    VAN 2016-10-01 26,500 17,225 SL 5.000000000000 5,300      
    RENOVATIONS (PPC) (FEB 2017) 2017-02-28 53,688 3,802 SL 40.000000000000 1,342      
    TABLES AND CHAIRS (PPC) (JUN 2017) 2017-06-27 31,364 7,840 SL 10.000000000000 3,136      
    RENOVATIONS (330 MOORE) (JUL 2017) 2017-04-30 78,576 5,238 SL 40.000000000000 1,964      
    RENOVATIONS (401/403 MOORE) (JAN 2017) 2017-01-31 10,153 741 SL 40.000000000000 254      
    258 MOORE RAZE (AUG 2018) 2018-08-14 13,000 0 sl 0.000000000000 0      
    2008 FORD TAURUS (JAN 2018) 2018-01-23 7,667 2,099 SL 7.000000000000 1,095      
    TIME CLOCKS (JAN 2018) 2018-01-30 4,806 1,316 SL 7.000000000000 687      
    NURSE CALL PHONES (SEPT 2019) 2019-09-17 10,430 373 SL 7.000000000000 1,490      
    AC UNITS (SEPT 2019) 2019-09-26 23,416 836 SL 7.000000000000 3,345      
    445 CENTER RAZE (JULY 2019) 2019-07-26 18,000 0 sl 0.000000000000 0      
    PASSENGER VAN (NOV 2019) 2019-11-08 18,000 333 SL 9.000000000000 2,000      
    LAND-MEDICAL ROAD FEB 2020 2000-02-01 20,000 0 sl 0.000000000000 0      
    NISSAN VAN 2020-11-23 8,500   SL 5.000000000000 142      
    354 LOT 2019-12-31 12,382 0 sl 0.000000000000 0      

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    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    CHARLES P & MARGARET E POLK FOUNDATION
    EIN:
    23-6296772
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    LONG TERM STOCK SALES   Purchased     7,331,134 7,708,536     -377,402  
    SHORT TERM STOCK SALES   Purchased     2,422,761 2,360,933     61,828  
    DISPOSITION OF PROPERTY   Purchased     80,000 20,000   1,440 58,560  

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    CHARLES P & MARGARET E POLK FOUNDATION
    EIN:
    23-6296772
    Name of Stock End of Year Book Value End of Year Fair Market Value
    US 10,393,430 12,451,612

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    CHARLES P & MARGARET E POLK FOUNDATION
    EIN:
    23-6296772
    US Government Securities - End of Year Book Value:

    5,000
    US Government Securities - End of Year Fair Market Value:

    5,000
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2020 InvestmentsLandSchedule2
    Name:
    CHARLES P & MARGARET E POLK FOUNDATION
    EIN:
    23-6296772
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND AND BLDS - RENTED 1,954,076 340,583 1,613,493  
    LAND AND BLDS - NOT RENTED 527,548 0 527,548  

    TY 2020 LandEtcSchedule2
    Name:
    CHARLES P & MARGARET E POLK FOUNDATION
    EIN:
    23-6296772
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BLDGS AND EQUIPMENT 20,622,379 13,051,873 7,570,506  


    TY 2020 LegalFeesSchedule
    Name:
    CHARLES P & MARGARET E POLK FOUNDATION
    EIN:
    23-6296772
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    VARIOUS CONSULTATION 0 0 0 0


    TY 2020 MortgagesAndNotesPayableSch
    Name:
    CHARLES P & MARGARET E POLK FOUNDATION
    EIN:
    23-6296772
    Total Mortgage Amount: 512,625


    TY 2020 OtherExpensesSchedule
    Name:
    CHARLES P & MARGARET E POLK FOUNDATION
    EIN:
    23-6296772
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 99,065 11,471 87,594 0
    REPAIRS AND MAINT 56,141 11,803 44,338 0
    SUPPLIES 55,457 198 55,259 0
    INSPECTIONS AND PERMITS 40,764 40,764 0 0
    OFFICE EXPENSE 7,738 1,241 6,497 0
    BUILDING DECOR 6,632 0 6,632 0
    FOOD FOR RESIDENTS 133,642 0 133,642 0
    EQUIPMENT CONTRACTS 85,479 23,637 61,842 0
    ADVERTISING 9,929 3,584 6,345 0
    CLEANING        
    RESIDENT ACTIVITY 5,225 0 5,225 0
    MISC        
    TELEPHONE 10,751 2,449 8,302 0


    TY 2020 OtherIncomeSchedule2
    Name:
    CHARLES P & MARGARET E POLK FOUNDATION
    EIN:
    23-6296772
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PERSONAL CARE CENTER ROOM AND BOARD 1,677,358   1,677,358
    PERSONAL CARE SERVICES 66,935   66,935
    MISC 494,638   494,638


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    CHARLES P & MARGARET E POLK FOUNDATION
    EIN:
    23-6296772
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    VARIOUS CLERGY 4,600 0 4,600 0
    VARIOUS INVESTMENT FEES 129,468 129,468 0 0


    TY 2020 TaxesSchedule
    Name:
    CHARLES P & MARGARET E POLK FOUNDATION
    EIN:
    23-6296772
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REAL ESTATE 220,474 138,260 82,214 0
    PAYROLL TAX 154,566 13,643 140,922 0
    INVESTMENT INCOME TAX 0 0 0 0