TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
ITTLESON FOUNDATION INC
C/O BESSEMER TRUST

Number and street (or P.O. box number if mail is not delivered to street address)1271 AVE OF THE AMERICAS No 42 FL
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10020

A Employer identification number

51-0172757

B Telephone number (see instructions)

(516) 508-9623

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$13,444,231J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	101,004		99,938
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		270,179
b	Gross sales price for all assets on line 6a 5,309,012
7	Capital gain net income (from Part IV, line 2)...			270,179
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	371,183		370,117
13	Compensation of officers, directors, trustees, etc.	184,000		84,000	100,000
14	Other employee salaries and wages......	87,910		0	87,910
15	Pension plans, employee benefits.......	137,045		0	137,045
16a	Legal fees (attach schedule).........		19,327	0	19,327
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		34,718	22,218	12,500
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		6,165	45	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	68,834		0	68,834
21	Travel, conferences, and meetings.......	3,841		0	3,841
22	Printing and publications..........
23	Other expenses (attach schedule).......		53,357	0	53,357
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	595,197		106,263	482,814
25	Contributions, gifts, grants paid.......	453,800			453,800
26	Total expenses and disbursements. Add lines 24 and 25	1,048,997		106,263	936,614
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-677,814
b	Net investment income (if negative, enter -0-)			263,854
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	268,222	38,763	38,763
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	2,900,285	1,777,269	1,848,479
	b	Investments—corporate stock (attach schedule).......	5,905,647	5,394,679	8,503,270
	c	Investments—corporate bonds (attach schedule).......	0	1,320,629	1,354,638
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,169,136	1,169,136	1,609,081
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	90,000	90,000	90,000
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	10,333,290	9,790,476	13,444,231
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................		110,000
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	110,000
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	7,831,911	7,831,911
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	2,501,379	1,848,565
	29	Total net assets or fund balances (see instructions).....	10,333,290	9,680,476
	30	Total liabilities and net assets/fund balances (see instructions).	10,333,290	9,790,476

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

10,333,290

Enter amount from Part I, line 27a .....................

-677,814

Other increases not included in line 2 (itemize) bullet

25,000

Add lines 1, 2, and 3 ..........................

9,680,476

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

9,680,476

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
1 a	PUBLICLY TRADED SECURITIES
b	PUBLICLY TRADED SECURITIES
c	PUBLICLY TRADED SECURITIES
d	PUBLICLY TRADED SECURITIES
e	CLASS ACTION PROCEEDS
	Capital Gains Dividends	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	284,118	286,521	-2,403
b	2,238,062	2,145,373	92,689
c	1,777,825	1,739,431	38,394
d	919,219	867,508	51,711
e	654		654
	89,134		89,134

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			-2,403
b			92,689
c			38,394
d			51,711
e			654
			89,134

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	270,179
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 ...................		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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	3,668
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	3,668
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	3,668
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	8,326
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	8,326
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	4,658
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax4,658	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

www.ittlesonfoundation.org

The books are in care of bullet

BESSEMER TRUST Telephone no. bullet

(516) 508-9623

Located at bullet

1271 AVENUE OF THE AMERICAS 42 FLNEW YORKNY ZIP+4 bullet

10020

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
H ANTHONY ITTLESON	CHAIRMAN & PRESIDENT 10.00	0	0
C/O BESSEMER TRUST 1271 AVE OF THE AMERICAS 42 FL NEW YORK,NY10020	CHAIRMAN & PRESIDENT 10.00	0	0
PAMELA L SYRMIS	VICE PRESIDENT 1.00	0	0
C/O BESSEMER TRUST 1271 AVE OF THE AMERICAS 42 FL NEW YORK,NY10020	VICE PRESIDENT 1.00	0	0
VICTOR TALBOT	DIRECTOR 1.00	0	0
C/O BESSEMER TRUST 1271 AVE OF THE AMERICAS 42 FL NEW YORK,NY10020	DIRECTOR 1.00	0	0
PHILIP ITTLESON	DIRECTOR 1.00	0	0
C/O BESSEMER TRUST 1271 AVE OF THE AMERICAS 42 FL NEW YORK,NY10020	DIRECTOR 1.00	0	0
CHRISTINA ITTLESON SMITH	DIRECTOR 1.00	0	0
C/O BESSEMER TRUST 1271 AVE OF THE AMERICAS 42 FL NEW YORK,NY10020	DIRECTOR 1.00	0	0
ANTHONY C WOOD	SECRETARY/EXEC DIRECTOR 35.00	184,000	26,000
ITTLESON FDN 15 EAST 67TH STREET NEW YORK,NY10021	SECRETARY/EXEC DIRECTOR 35.00	184,000	26,000
HENRY DAVISON II	TREASURER 1.00	0	0
C/O BESSEMER TRUST 1271 AVE OF THE AMERICAS 42 FL NEW YORK,NY10020	TREASURER 1.00	0	0
STEPHANIE ITTLESON	DIRECTOR 1.00	0	0
C/O BESSEMER TRUST 1271 AVE OF THE AMERICAS 42 FL NEW YORK,NY10020	DIRECTOR 1.00	0	0
ANDREW AUCHINCLOSS	DIRECTOR 1.00	0	0
C/O BESSEMER TRUST 1271 AVE OF THE AMERICAS 42 FL NEW YORK,NY10020	DIRECTOR 1.00	0	0

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
MAUREEN M BRACKEN	EMPLOYEE 35.00	80,910	12,090	0
ITTLESON FD 15 E 67TH ST NEW YORK,NY10021	EMPLOYEE 35.00	80,910	12,090	0








Total number of other employees paid over $50,000...................				0

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............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

12,309,967

Average of monthly cash balances.......................

61,559

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

12,371,526

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

12,371,526

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

185,573

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

12,185,953

Minimum investment return. Enter 5% of line 5..................

609,298

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.)

Minimum investment return from Part X, line 6....................

609,298

Tax on investment income for 2020 from Part VI, line 5......

3,668

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

3,668

Distributable amount before adjustments. Subtract line 2c from line 1............

605,630

Recoveries of amounts treated as qualifying distributions................

25,000

Add lines 3 and 4............................

630,630

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

630,630

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

936,614

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

936,614

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

936,614

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)

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					630,630
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	222,316
b From 2016......	238,518
c From 2017......	223,617
d From 2018......	210,299
e From 2019......	298,347
fTotal of lines 3a through e........		1,193,097
4Qualifying distributions for 2020 from Part
XII, line 4: $ 936,614
a Applied to 2019, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2020 distributable amount.....					630,630
e Remaining amount distributed out of corpus		305,984
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		1,499,081
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		222,316
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		1,276,765
10 Analysis of line 9:
a Excess from 2016....	238,518
b Excess from 2017....	223,617
c Excess from 2018....	210,299
d Excess from 2019....	298,347
e Excess from 2020....	305,984

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

ANTHONY C WOOD ITTLESON FOUNDATION
15 EAST 67 STREET
NEW YORK,NY10021
(212) 794-2008

bThe form in which applications should be submitted and information and materials they should include:

BRIEF STATEMENT OF PROJECT, BUDGET, ANNUAL REPORT AND IRS SECTION 501(c)(3) RULING

cAny submission deadlines:

INITIAL LETTERS OF INQUIRY MUST BE RECEIVED BEFORE SEPTEMBER 1.

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NO GRANTS MADE TO INDIVIDUALS,PROGRAMS OUTSIDE THE UNITED STATES OF AMERICA, FELLOWSHIPS OR GRANTS-IN-AID.

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
FUELED SCHOOLS 2990 RICHMOND AVE SUITE 540 HOUSTON,TX77098	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	15,000
ONE HEARTLAND 26001 HEINZ ROAD WILLOW RIVER,MN55795	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	25,000
THE DINNER PARTY 1000 N ALAMEDA STREET SUITE 240 LOS ANGELES,CA90012	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	15,000
ACTIVE MINDS 2001 S STREET NW SUITE 630 WASHINGTON,DC20009	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	15,000
MEMORIAL SLOAN KETTERING CANCER CENTER 1275 YORK AVENUE NEW YORK,NY10065	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	83,000
SC ARCHIVES & HISTORY 8301 PARKLANE ROAD COLUMBIA,SC29223	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	7,500
THE ARCTIC INSTITUTE CENTER PO BOX 21194 WASHINGTON,DC20009	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	45,000
ATHLETES UNITED FOR SOCIAL JUSTICE 740 15TH STREET NW 3RD FLOOR WASHINGTON,DC200051033	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	15,000
ST JOHNS UNIVERSITY CHILD HELP PARTNERSHIP 152-11 UNION TURNPIKE FLUSHING,NY11367	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	10,000
ENERGY ACTION NETWORK 17 STATE STREET SUITE 205 MONTPELIER,VT05602	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	25,000
EARTH ISLAND INSTITUTE 2150 ALLSTON WAY SUITE 460 BERKELEY,CA94704	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	20,000
OSTARA INITIATIVE PO BOX 18603 MINNEAPOLIS,MN55418	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	20,000
FUNDERS CONCERNED ABOUT AIDS - MEMBERSHIP GRANT 1100 CANNECTICUT AVENUE NW SUITE 1100 WASHINGTON,DC20036	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	500
ENVIRONMENTAL GRANTMAKERS - MEMBERSHIP GRANT 475 RIVERSIDE DRIVE SUITE 960 NEW YORK,NY10115	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	1,900
CANDID - MEMBERSHIP GRANT 32 OLD SLIP 24TH FLOOR NEW YORK,NY10005	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	2,000
PHILANTHROPY NEW YORK - MEMBERSHIP GRANT 320 E 43RD STREET NEW YORK,NY10017	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	1,400
NEW YORK PERSERVATION ARCHIVE PROJECT 174 E 80TH STREET NEW YORK,NY10075	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	11,000
DRAYTON HALL PRESERVATION TRUST 3380 ASHLEY RIVER ROAD CHARLESTON,SC29414	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	6,500
WATERKEEPER ALLIANCE 180 MAIDEN LANE SUITE 603 NEW YORK,NY10038	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	25,000
THE SERO PROJECT PO BOX 1233 MILFORD,PA18337	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	10,000
SOUND MIND LIVE 86 4TH PLACE SUITE 3 BROOKLYN,NY11231	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	20,000
FJC FOUNDATION - IDHA 31 W 34TH STREET SUITE 8026 NEW YORK,NY10001	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	15,000
UPSTREAM POLICY INSTITUTE PO BOX 1352 DAMARISCOTTA,ME04543	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	20,000
ALIA - BRIGHT SPOTS PROJECT 1000 UNIVERSITY AVENUE SUITE 230 ST PAUL,MN55104	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	20,000
L&J EMPOWERMENT - THE CONFESS PROJECT 701 W 7TH STREET SUITE 204 LITTLE ROCK,AR72201	NONE	EXEMPT	GENERAL EXEMPT PURPOSES	25,000
Total ................................. 3a				453,800

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	101,004
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	270,179
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		371,183	0

13Total. Add line 12, columns (b), (d), and (e)..................

371,183

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

ITTLESON FOUNDATION INC

C/O BESSEMER TRUST

EIN:

51-0172757

Name of Bond	End of Year Book Value	End of Year Fair Market Value
30000.00 CHEVRON CORP	30,043	30,156
25000.00 ANTHEM INC	27,004	28,815
30000.00 GEORGIA POWER CO	29,993	31,348
25000.00 VISA INC	27,299	28,021
25000.00 HCA INC	27,379	28,124
25000.00 MICROSOFT CORP	25,328	27,265
30000.00 HP ENTERPRISE CO	29,964	30,782
30000.00 AMAZON.COM INC	30,115	30,529
30000.00 WASTE MANAGEMENT INC	29,924	29,987
25000.00 SAN DIEGO G & E	26,964	26,844
25000.00 COCA-COLA CO/THE	28,281	28,671
30000.00 CHURCH & DWIGHT CO INC	31,039	33,230
25000.00 ABBVIE INC	26,651	27,247
25000.00 SOUTHWEST AIRLINES CO	29,406	29,722
30000.00 ENTERGY LOUISIANA LLC	29,994	30,086
30000.00 VERIZON COMMUNICATIONS	30,354	29,880
30000.00 GOLDMAN SACHS GROUP INC	30,000	30,140
30000.00 D.R. HORTON INC	29,903	30,189
30000.00 BROADCOM CRP / CAYMN FI	32,395	32,451
25000.00 ESTEE LAUDER CO INC	27,443	27,576
25000.00 JPMORGAN CHASE & CO	25,035	29,784
30000.00 LOWE'S COS INC	30,326	30,864
31000.00 BRISTOL-MYERS SQUIBB CO	30,708	31,105
30000.00 JABIL INC	32,160	32,071
30000.00 INTERCONTINENTALEXCHANGE	29,970	30,233
30000.00 NUCOR CORP	31,162	31,569
30000.00 VERISK ANALYTICS INC	33,986	33,954
25000.00 BURLINGTN NORTH SANTA FE	28,117	28,348
25000.00 MORGAN STANLEY	25,630	27,666
27000.00 COMCAST CORP	28,988	29,020
35000.00 APPLE INC	34,696	38,543
25000.00 CITIGROUP INC	26,592	28,438
30000.00 PAYPAL HOLDINGS INC	30,730	31,376
30000.00 TEXAS INSTRUMENTS INC	29,955	31,131
25000.00 CIGNA CORP	27,136	26,998
30000.00 VALERO ENERGY CORP	30,095	30,193
30000.00 KIMBERLY-CLARK CORP	30,100	30,406
30000.00 AMERICAN HONDA FINANCE	30,023	30,358
30000.00 BANK OF AMERICA CORP	31,658	33,045
30000.00 ORACLE CORP SR GLBL NT	30,282	30,794
50000.00 TYSON FOODS INC	49,659	50,515
32000.00 SHELL INTERNATIONAL FIN	31,725	34,415
30000.00 CANADIAN IMPERIAL BANK	32,353	32,421
30000.00 WESTPAC BANKING CORP	30,064	30,328

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

ITTLESON FOUNDATION INC

C/O BESSEMER TRUST

EIN:

51-0172757

Name of Stock	End of Year Book Value	End of Year Fair Market Value
142.00 MATCH GROUP INC	13,063	21,468
295.00 FACEBOOK INC-A	49,755	80,582
155.00 SEA LTD ADR	6,866	30,852
85.00 CHARTER COMMUNICATIONS INC	41,625	56,231
530.00 TENCENT HOLDINGS LTD	23,881	38,542
56.00 ALPHABET INC CLASS C	45,247	98,105
530.00 DOLLARAMA INC	16,524	21,573
405.00 NIKE INC CL B	24,395	57,295
210.00 ROSS STORES INC	20,215	25,790
50.00 LVMH MOET HENNESSY VUITTON	21,137	31,346
75.00 HOME DEPOT	12,752	19,921
32.00 AMAZON.COM INC	42,011	104,221
130.00 ALIBABA GROUP HOLDINGS LTD	13,792	30,254
250.00 HILTON WORLDWIDE HOLDINGS	26,643	27,815
85.00 BURLINGTON STORES INC	13,881	22,231
135.00 ADVANCE AUTO PARTS	15,108	21,263
220.00 WYNDHAM HOTELS & RESORTS	9,737	13,076
295.00 PEPSICO INC	29,467	43,748
390.00 US FOODS HOLDING CORP	10,019	12,990
53547.05 OW CREDIT INCOME FUND	535,470	546,715
115.00 PIONEER NATURAL RESOURCES	19,383	13,097
645.00 CONOCOPHILLIPS	29,734	25,793
410.00 SCHWAB CHARLES CORP NEW	20,217	21,746
60.00 S&P GLOBAL INC.	15,696	19,723
1685.00 BANK OF AMERICA CORP	48,123	51,072
495.00 CITIGROUP INC	18,962	30,521
95.00 AON PLC	19,379	20,070
140.00 CHUBB LIMITED	9,532	21,548
610.00 BLACKSTONE GROUP INC	35,896	39,534
145.00 NASDAQ INC.	13,057	19,247
37.00 BLACKROCK INC	19,126	26,696
52.00 TELEFLEX INC	14,288	21,401
85.00 LAB CORP OF AMER HLDGS NEW	11,455	17,301
135.00 UNITEDHEALTH GROUP INC	34,617	47,341
107.00 THERMO FISHER SCIENTIFIC	13,866	49,838
320.00 IQVIA HOLDINGS INC	47,047	57,334
74.00 COOPER COS INC	18,014	26,885
220.00 DANAHER CORP	22,082	48,870
230.00 ZOETIS INC	18,547	38,065
105.00 STERIS PLC	11,520	19,901
20.00 WEST PHARMACEUTICAL SVC	3,088	5,666
280.00 SMITH A O CORP	12,003	15,349
45.00 IDEX CORP	5,800	8,964
305.00 UNION PACIFIC CORP	50,891	63,507
70.00 CINTAS CORP	12,585	24,742
155.00 DOVER CORP	12,008	19,568
335.00 IAA INC	10,213	21,768
110.00 EQUIFAX INC	14,212	21,212
60.00 VERISK ANALYTICS INC-CL A	8,052	12,455
185.00 SAFRAN SA	22,964	26,322
380.00 FORTIVE CO	19,464	26,911
2280.00 RENTOKIL INITIAL PLC	11,392	15,862
45.00 L3 HARRIS TECHNOLOGIES INC	7,179	8,505
30.00 ASML HOLDING	13,956	14,635
65.00 NICE LTD ADR	10,077	18,430
105.00 SYNOPSYS INC	11,972	27,220
340.00 TEXAS INSTRUMENTS INC	34,548	55,804
940.00 APPLE INC	39,656	124,728
55.00 ANSYS INC	10,333	20,009
80.00 ADOBE INC	32,890	40,009
695.00 MICROSOFT CORP	58,322	154,581
55.00 ASPEN TECHNOLOGY	7,167	7,163
115.00 CDW CORP/DE	11,392	15,155
210.00 AMPHENOL CORP	19,306	27,461
460.00 VISA INC	56,688	100,615
345.00 FIDELITY NATL INFO SVCS	33,552	48,803
105.00 WEX INC	16,477	21,370
130.00 CMC MATERIALS INC	16,925	19,669
200.00 SS&C TECHNOLOGIES HOLDINGS	12,391	14,550
64.00 SERVICENOW INC	18,089	35,227
236854.03 OW LARGE CAP STRATEGIES FD	2,347,884	4,059,678
110.00 APTARGROUP INC	11,044	15,057
130.00 AIR PRODUCTS & CHEMICALS	32,585	35,518
165.00 AMERICAN TOWER CORP	31,410	37,035
74847.05 OW SMALL & MIDCAP STRAT FD	939,274	1,378,682
125.00 AMERICAN WATER WORKS CO	8,002	19,183
280.00 AMEREN CORP	18,759	21,856

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

ITTLESON FOUNDATION INC

C/O BESSEMER TRUST

EIN:

51-0172757

US Government Securities - End of Year Book Value:

1,777,269

US Government Securities - End of Year Fair Market Value:

1,848,479

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

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

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

ITTLESON FOUNDATION INC

C/O BESSEMER TRUST

EIN:

51-0172757

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
11655.21 ALLIANCE BERNSTEIN HEDGE FUND	AT COST	1,169,136	1,609,081

- TIN:

TY 2020 LegalFeesSchedule

Name:

ITTLESON FOUNDATION INC

C/O BESSEMER TRUST

EIN:

51-0172757

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	19,327	0		19,327

- TIN:

TY 2020 OtherAssetsSchedule

Name:

ITTLESON FOUNDATION INC

C/O BESSEMER TRUST

EIN:

51-0172757

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
KEY MAN LIFE INSURANCE	90,000	90,000	90,000

- TIN:

TY 2020 OtherExpensesSchedule

Name:

ITTLESON FOUNDATION INC

C/O BESSEMER TRUST

EIN:

51-0172757

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
EXPENSE REIMBURSEMENT TO ANTHONY C. WOOD	5,890	5,890
EXPENSE REIMBURSEMENT TO MAUREEN BRACKEN	140	140
EXPENSE REIMBURSEMENT TO REBECCA HERMAN	100	100
MITCH PESSIN - COMPUTER	564	564
NY LAW JOURNAL PUBLICATION FEE	160	160
NEW YORK STATE FILING FEE	750	750
OFFICE SUPPLIES - FLYNNS	1,516	1,516
CLEANING SERVICE	3,583	3,583
OFFICE SUPPLIES & EQUIPMENT - OTHER	12,780	12,780
POSTAGE	2,641	2,641
TELEPHONE AND INTERNET SERVICE	1,916	1,916
MISCELLANEOUS	939	939
INSURANCE EXPENSES	14,353	14,353
SOFTWARE SUBSCRIPTION	8,000	8,000
WIRE TRANSFER FEES	25	25

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

ITTLESON FOUNDATION INC

C/O BESSEMER TRUST

EIN:

51-0172757

Description	Amount
PRIOR YEAR GRANT RETURNED	25,000

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

ITTLESON FOUNDATION INC

C/O BESSEMER TRUST

EIN:

51-0172757

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	22,210	22,210	0
FINANCIAL SERVICES FEE	12,500	0	12,500
ADR FEES	8	8	0

- TIN:

TY 2020 TaxesSchedule

Name:

ITTLESON FOUNDATION INC

C/O BESSEMER TRUST

EIN:

51-0172757

Category	Amount	Net Investment Income
FOREIGN TAXES PAID IN EXCESS	120	0
FOREIGN TAXES PAID	45	45
FEDERAL TAX PAYMENTS	6,000	0