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
W Clement & Jessie V Stone Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)70 E Lake Street 1020
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Chicago, IL60601
A Employer identification number

36-2498125
B Telephone number (see instructions)

(312) 366-2263
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$120,505,610J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments   0  
4 Dividends and interest from securities... 892,024 2,015,475  
5a Gross rents............   0  
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -430,799
b Gross sales price for all assets on line 6a 72,487,572
7 Capital gain net income (from Part IV, line 2)... 3,154,799
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment 73,241 222,806 0
12 Total. Add lines 1 through 11........ 534,466 5,393,080 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 219,459     219,459
14 Other employee salaries and wages...... 325,726     315,813
15 Pension plans, employee benefits....... 205,729     205,551
16a Legal fees (attach schedule)......... 0 0 0 0
b Accounting fees (attach schedule)....... Click to see attachment 105,296 27,331 0 31,172
c Other professional fees (attach schedule).... Click to see attachment 209,837 209,837 0 0
17 Interest...............   0    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 0 82,169 0 0
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy.............. 39,653     39,653
21 Travel, conferences, and meetings....... 12,201     111,279
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 45,251 994,848 0 35,347
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,163,152 1,314,185 0 958,274
25 Contributions, gifts, grants paid....... 4,778,331 4,746,750
26 Total expenses and disbursements. Add lines 24 and 25 5,941,483 1,314,185 0 5,705,024
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -5,407,017
b Net investment income (if negative, enter -0-) 4,078,895
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............. 568,717 566,502 566,502
2 Savings and temporary cash investments......... 2,998,398 3,911,215 3,911,215
3 Accounts receivable bullet133,450
Less: allowance for doubtful accounts bullet   0 133,450 133,450
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet   0 0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) bullet0
Less: allowance for doubtful accounts bullet0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 72,714 96,928 96,928
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 57,050,355 Click to see attachment27,867,912 27,867,912
c Investments—corporate bonds (attach schedule)....... 0   0
11 Investments—land, buildings, and equipment: basis bullet0
Less: accumulated depreciation (attach schedule) bullet0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 54,952,485 Click to see attachment87,929,603 87,929,603
14 Land, buildings, and equipment: basis bullet0
Less: accumulated depreciation (attach schedule) bullet0 0   0
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) 115,642,669 120,505,610 120,505,610
Liabilities 17 Accounts payable and accrued expenses.......... 144,760 118,801
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe bullet) Click to see attachment692,031 Click to see attachment625,006
23 Total liabilities (add lines 17 through 22)......... 836,791 743,807
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........... 114,805,878 119,761,803
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 114,805,878 119,761,803
30 Total liabilities and net assets/fund balances (see instructions). 115,642,669 120,505,610
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
114,805,878
2
Enter amount from Part I, line 27a .....................
2
-5,407,017
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
16,087,039
4
Add lines 1, 2, and 3 ..........................
4
125,485,900
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
5,724,097
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
119,761,803
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 Sales of securities P    
b CAPITAL GAIN FROM SCHEDULE K-1 P    
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 71,007,693   69,333,981 1,673,712
b 1,481,087     1,481,087
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 1,673,712
b     0 1,481,087
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 3,154,799
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 0
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 56,697
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 56,697
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 56,697
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 101,092
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 101,092
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 44,395
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet44,395 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletCA, IL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.WCSTONEFND.ORG
    14
    The books are in care ofbulletSteven M Stone Telephone no.bullet (312) 366-2263

    Located atbullet70 E LAKE STREET SUITE 1020CHICAGOIL ZIP+4bullet60601
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    SARA SLAUGHTER EXECUTIVE DIRECTOR
    40.000     		219,459 73,770 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    BARBARA WEST STONE BOARD MEMBER
    1.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    CHAD TINGLEY BOARD MEMBER
    1.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    DAVID STONE BOARD MEMBER
    1.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    DEBORAH STONE BOARD MEMBER
    1.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    JEFFREY STONE BOARD MEMBER
    1.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    JENNIFER STONE BOARD MEMBER
    1.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    SARA STONE BOARD MEMBER
    1.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    Amy Stone Board Member
    1.000     		0 0 0
    70 E Lake Street
    Suite 1020
    Chicago,IL60601
    MICHAEL A STONE VICE PRESIDENT & SECRETARY
    2.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    NORMAN C STONE CHAIRMAN
    1.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    SANDRA STONE PRESIDENT
    6.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    STEVEN M STONE JD VICE PRESIDENT & TREASURER
    6.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    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
    BRANDON THORNE SR. PROGRAM OFFICER
    40.000     		105,071   0
    70 E Lake Street
    Chicago,IL60601
    BRIAN DIXON Grant Man/Prgrm Off.
    40.000     		84,162   0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    PAMELA CALVERT DIR. OF FINANCE/OPS.
    40.000     		122,593   0
    70 E Lake Street
    Chicago,IL60601
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    CAMBRIDGE ASSOCIATES INVESTMENT SERVICES 205,623
    2730 SAND HILL ROAD STE 300
    MENLO PARK,CA94025
    Crowe LLP Audit and Tax Services 78,424
    225 West Wacker Drive
    Suite 2600
    Chicago,IL606061224
    Total number of others receiving over $50,000 for professional services.............bullet2
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    32,783,253
    b
    Average of monthly cash balances.......................
    1b
    1,448,371
    c
    Fair market value of all other assets (see instructions)................
    1c
    92,517,648
    d
    Total (add lines 1a, b, and c).........................
    1d
    126,749,272
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    126,749,272
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,901,239
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    124,848,033
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,242,402
    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
    6,242,402
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    56,697
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    56,697
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,185,705
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    6,185,705
    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
    6,185,705
    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
    5,705,024
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    5,705,024
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    5,705,024
    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 6,185,705
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 487,275
    b Total for prior years:2018, 2017, 2016 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 5,705,024
    a Applied to 2019, but not more than line 2a 487,275
    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..... 5,217,749
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020.   0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    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 ..........     		967,956
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    BRIAN DIXON
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    (312) 366-2263
    bThe form in which applications should be submitted and information and materials they should include:
    A BUDGET FOR THE ORGANIZATION OR PROJECT; A LIST OF THE BOARD OF DIRECTORS, THEIR TITLE AND EMPLOYER; IRS NOTICE OF TAX-EXEMPT STATUS; IRS NOTICE THAT ORGANIZATION IS A PUBLIC CHARITY UNDER IRS 509 (A) (1); A COPY OF THE ORGANIZATION'S ANNUAL AUDITED FINANCIAL STATEMENTS.
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE RECIPIENT ORGANIZATION MUST BE RECOGNIZED AS A PUBLIC CHARITY UNDER IRC 509(A)(1).
    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
    Accelerate Institute
    833 W Jackson Blvd Suite 800
    Chicago,IL60607     		None PC General Operating Support 5,000
    Acton-Boxborough United Way
    PO Box 2258 537 Massachusetts Avenu
    e
    Acton,MA01720     		None PC General Operating Support 3,000
    Advance Illinois
    303 E Wacker Drive Suite 1925
    Chicago,IL60601     		None PC General Operating Support 65,000
    Advocate Charitable Foundation
    3075 Highland Parkway Suite 600
    Downers Grove,IL60515     		None PC Advocate Healthy STEPS Chicago Metro South 60,000
    Advocate Charitable Foundation
    3075 Highland Parkway Suite 600
    Downers Grove,IL60515     		None PC Illinois Masonic Medical Center President's fund 2,000
    Advocate Charitable Foundation
    3075 Highland Parkway Suite 600
    Downers Grove,IL60515     		None PC Illinois Masonic Medical Center President's fund 2,000
    All Chicago
    651 W Washington Blvd Suite 504
    Chicago,IL60661     		None PC Youth Action Board 40,000
    Aurora University
    347 South Gladstone Avenue
    Aurora,IL60506     		None PC George William College 1,000
    Bank Street College of Education
    610 W 112th Street
    New York,NY10025     		None PC TESOL Residency Program 50,000
    Bank Street College of Education
    610 W 112th Street
    New York,NY10025     		None PC Innovative Conversations: Compensation in Early Childhood 20,000
    Bend the Arc A Jewish Partnership for Justice
    330 7th Ave 19th Floor
    New York,NY10001     		None PC General Operating Support 50,000
    Board Of Trustees Of Illinois State University
    Campus Box 3040
    Normal,IL617903040     		None PC Embedding ELL Micro-Credentials Into LEAD Hubs 60,000
    Board of Trustees of the Leland Stanford Junior University
    520 Galvez Mall
    Stanford,CA94305     		None PC General Operating Support for SF Teacher Residency 50,000
    Boston Education Development Fund
    7 Palmer Street
    Boston,MA02119     		None PC Early Childhood Education Career Pathways 45,000
    BPE
    27-43 Wormwood Street Suite 110
    Boston,MA02210     		None PC General Operating Support 100,000
    BUILD Initiative
    89 South Street Suite 700
    Boston,MA02111     		None PC Commission on Equitable Early Childhood Funding 20,000
    California Youth Connection
    1311 63rd Street Suite A
    Emeryville,CA94608     		None PC General Operating Support 60,000
    Californians for Justice Education Fund
    1961 Las Plumas Avenue
    San Jose,CA95133     		None PC General Operating Support 50,000
    Center for Collaborative Education
    33 Harrison Avenue 6th Floor
    Boston,MA02111     		None PC Advocacy Campaign to Support Student-Centered Learning and Assessment in Massachusetts 70,000
    Chicago Freedom School
    719 South State Street 4th Floor
    Chicago,IL60605     		None PC Youth Leadership Training Cohort 40,000
    Chicago Public Education Fund
    200 West Adams Suite 2150
    Chicago,IL60606     		None PC General Operating Support 35,000
    Chicago Public Education Fund
    200 West Adams Suite 2150
    Chicago,IL60606     		None PC Supporting CPS Principals During COVID 20,000
    Child Care Services Association
    PO Box 901
    Chapel Hill,NC27514     		None PC General Operating Support 50,000
    Children Now
    1404 Franklin Street Suite 700
    Oakland,CA94612     		None PC Early Education Advocacy 85,000
    Chinese Progressive Association
    1042 Grant Ave 5th Floor
    San Francisco,CA94133     		None PC General Operating Support 2,500
    Citizen Schools
    1 Beacon Street 2nd Floor
    Boston,MA02108     		None PC 2020-2021 Citizen Schools Teaching Fellows Scholarship Program 20,000
    Coaches Across Continents
    35 Myrtle Street
    Watertown,MA02472     		None PC General Operating Support 2,500
    Coleman Advocates for Children & Youth
    459 Vienna Street
    San Francisco,CA94112     		None PC General Operating Support 105,000
    Communities United
    4749 N Kedzie Ave
    Chicago,IL60625     		None PC General Operating Support 125,000
    CORO NEW YORK LEADERSHIP CENTER
    42 Broadway Suite 2001
    NEW YORK,NY100041617     		None PC Youth Leadership Development Programs 50,000
    Council for a Strong America
    1212 New York Ave NW Suite 300
    Washington,DC20005     		None PC Fight Crime: Invest in Kids and ReadyNation 70,000
    DRUM Desis Rising Up and Moving Inc
    72-18 Roosevelt Avenue
    Jackson Heights,NY11372     		None PC General operating support 70,000
    Dublin School
    18 Lehmann Way
    Dublin,NH03444     		None PC General operating support 1,000
    Education Law Center
    1800 JFK Boulevard Suite 1900A
    Philadelphia,PA19103     		None PC General Operating to support ELC's Youth Engagement, Trainings, and Technical Assistance in Philadel 40,000
    EMBARC Inc
    PO Box 221450
    Chicago,IL60622     		None PC General Operating Support 5,000
    Empowerment Plan
    7640 Kercheval Ave
    Detroit,MI48214     		None PC General Operating Support 25,000
    Erikson Institute
    451 N LaSalle Street
    Chicago,IL60654     		None PC Erikson Institute's Early Teaching and Learning Academy and Policy and Leadership Department 160,000
    First Up
    1608 Walnut Street Suite 300
    Philadelphia,PA19103     		None PC Online Resource Hub for the PA Early Childhood Education Registered Apprenticeship Program 50,000
    Forefront
    208 South LaSalle Street Suite 1540
    Chicago,IL60604     		None PC General Operating Support 7,150
    Foster Youth in Action
    2140 Shattuck Avenue Suite 504
    Berkeley,CA94704     		None PC General Operating Support 30,000
    Fund for the City of New York
    520 Eighth Avenue 18th Floor
    New York,NY10018     		None PC Youth Justice Board 2020-2021 50,000
    Global Action Project
    130 W 25th Street 2C
    New York,NY10001     		None PC General Operating Support 30,000
    Grantmakers for Education
    861 SW 6th Avenue Suite 350
    Portland,OR97204     		None PC General Operating Support 2,200
    HealthConnect One
    227 W Monroe Street Suite 2100
    Chicago,IL60606     		None PC Advocacy for Birth Equity 40,000
    Hobart and William Smith Colleges
    337 Pulteney St
    Geneva,NY14456     		None PC General Operating Support 2,000
    Hurricane Island Outward Bound School
    PO BOX 800
    Camden,ME04843     		None PC Casco Bay High School leadership award fund 5,000
    Illinois Action for Children
    4753 N Broadway Street Suite 1200
    Chicago,IL60640     		None PC General Operating Support and Pathways in the Early Education Workforce 80,000
    Internationals Network for Public Schools
    50 Broadway Suite 1601
    New York,NY10004     		None PC General Operating Support 130,000
    Jumpstart for Young Children
    308 Congress Street 6th Floor
    Boston,MA02210     		None PC Building a High-Quality Early Educator Pipeline 40,000
    Juvenile Law Center
    1800 JFK Boulevard Suite 1900B
    Philadelphia,PA19103     		None PC Youth Engagement 40,000
    Juvenile Protection Association
    1707 N Halsted Street
    Chicago,IL60614     		None PC General Operating Support 5,000
    Latino Policy Forum
    180 N Michigan Avenue Ste 1250
    Chicago,IL60601     		None PC General Operating Support 50,000
    Latino Policy Forum
    180 N Michigan Avenue Ste 1250
    Chicago,IL60601     		None PC English Language Learners During COVID 20,000
    Learning Policy Institute
    1530 Page Mill Road Suite 200
    Palo Alto,CA94304     		None PC The Educator Preparation Laboratory and Social-Emotional Learning 70,000
    Learning Policy Institute
    1530 Page Mill Road Suite 200
    Palo Alto,CA94304     		None PC Restarting and Reinventing School in the Time of COVID-19 20,000
    Leslie Shankman School Corporation
    6245 S Ingleside Ave
    Chicago,IL60637     		None PC The Sonia Shankman Orthogenic School 5,000
    Lymphoma Research Foundation
    Wall Street Plaza 88 Pine Street Su
    ite 2400
    New York,NY10005     		None PC General Operating Support 1,000
    Lymphoma Research Foundation
    Wall Street Plaza 88 Pine Street Su
    ite 2400
    New York,NY10005     		None PC General Operating Support 5,000
    Lymphoma Research Foundation
    Wall Street Plaza 88 Pine Street Su
    ite 2400
    New York,NY10005     		None PC General Operating Support 1,000
    Make the Road New York
    301 Grove Street
    Brooklyn,NY11237     		None PC General Operating Support 50,000
    Mexican American Legal Defense and Educational Fund
    634 South Spring Street 11th Floor
    Los Angeles,CA90014     		None PC General Operating Support 2,500
    Mikva Challenge Grant Foundation Inc
    200 S Michigan Ave Suite 1000
    Chicago,IL60604     		None PC Mikva Challenge Citywide Youth Council Program 60,000
    MKP USA
    C/O Ignite Spot PO Box 383
    Kaysville,UT84037     		None PC General Operating Support 10,000
    National Public Education Support Fund
    1900 L Street NW Suite 520
    Washington,DC20036     		None PC General Operating Support 5,000
    National Association for the Education of Young Children
    1313 L Street NW Suite 500
    Washington,DC20005     		None PC Strengthening Higher Education Leadership's Investment in Preparing the Early Childhood Education Wo 50,000
    National Center for Family Philanthropy
    1667 K Street NW 550
    Washington,DC20006     		None PC General Operating Support 2,400
    National Center for Teacher Residencies
    1332 North Halsted St Suite 304
    Chicago,IL60642     		None PC General Operating Support 80,000
    National Economic and Social Rights Initiative
    90 John Street Suite 501
    New York,NY10038     		None PC Dignity in Schools Campaign 50,000
    National Equity Project
    1720 Broadway 4th Floor
    Oakland,CA94612     		None PC General Operating Support 150,000
    National Multiple Sclerosis Society Greater New England Chapter
    101A First Avenue Suite 6
    Waltham,MA02451     		None PC Research and Advocacy 2,500
    New America Foundation
    740 15th Street NW Suite 900
    Washington,DC20005     		None PC General Operating Support 80,000
    New America Foundation
    740 15th Street NW Suite 900
    Washington,DC20005     		None PC Post-COVID Redesign Convening Series 20,000
    New Teacher Center
    110 Cooper Street Suite 500
    Santa Cruz,CA95060     		None PC General Operating Support 120,000
    Newton Rotary Foundation
    17 Washington St Ste 295
    Newtonville,MA02460     		None PC Feed the Fight 2,000
    Oakland Kids First
    2744 E 11th St Unit H08
    Oakland,CA94601     		None PC General Operating Support and COVID-19 Recovery Project 80,000
    Olympia Snowe Women's Leadership Institute
    One Canal Plaza Suite 501
    Portland,ME04101     		None PC General Operating Support 2,500
    Pan-Mass Challenge
    77 4th Ave
    Needham,MA02494     		None PC Team Crank 2,500
    ParentChild Plus
    163B Mineola Boulevard
    Mineola,NY11501     		None PC General Operating Support 60,000
    Partners in School Innovation
    1060 Tennessee Street 2nd Floor
    San Francisco,CA94107     		None PC General Operating Support 100,000
    Pennsylvania Partnerships for Children
    200 North Third Street 13th Floor
    Harrisburg,PA171011589     		None PC General Operating Support 85,000
    Philadelphia Student Union
    501 S 52nd St Commercial Unit 1
    Philadelphia,PA19143     		None PC Stone Leadership Fellows 5,000
    Philadelphia Student Union
    501 S 52nd St Commercial Unit 1
    Philadelphia,PA19143     		None PC General Operating Support 60,000
    Pristine Mind Foundation
    61 Via Belardo 11
    Greenbrae,CA94904     		None PC General Operating Support 10,000
    Public Health Institute of Metropolitan Chicago
    203 N Lasalle Suite 2100
    Chicago,IL60601     		None PC General Operating Support 3,000
    Rainforest Foundation
    1000 Dean Street Suite 430
    Brooklyn,NY11238     		None PC General Operating Support 10,000
    Rebuild Foundation
    6918 S Dorchester
    Chicago,IL60637     		None PC General Operating Support 10,000
    RefugeeOne
    4753 N Broadway St
    Chicago,IL60640     		None PC General Operating Support 3,500
    Regents of the University of California
    11000 Kinross Avenue Suite 102
    Los Angeles,CA900951406     		None PC Stone Scholars Scholarship Program 40,000
    Rennie Center for Education Research & Policy
    114 State Street 3rd Floor
    Boston,MA02109     		None PC Advancing Social-Emotional Learning in Boston 25,000
    Research Foundation of the City University of New York
    16 Court Street 31st Floor
    Brooklyn,NY11241     		None PC General Operating Support 90,000
    Ryan Licht Sang Bipolar Foundation
    875 N Michigan Avenue Suite 3100
    Chicago,IL60611     		None PC General Operating Support 5,000
    Ryan Licht Sang Bipolar Foundation
    875 N Michigan Avenue Suite 3100
    Chicago,IL60611     		None PC General Operating Support 2,000
    Ryan Licht Sang Bipolar Foundation
    875 N Michigan Avenue Suite 3100
    Chicago,IL60611     		None PC General Operating Support 2,000
    RYSE Center
    205 41st Street
    Richmond,CA94805     		None PC General Operating Support 50,000
    Start Early
    33 West Monroe Suite 1200
    Chicago,IL60603     		None PC General Policy Support 125,000
    StormStrong Foundation
    55 Sunrise Drive
    Williston,VT05495     		None PC General Operating Support 2,500
    Strategies for Children
    400 Atlantic Avenue
    Boston,MA02110     		None PC Early Education for All Campaign 100,000
    Teach Plus Incorporated
    One Beacon Street 15th Floor Suite
    1500
    Boston,MA02108     		None PC General Operating Support 70,000
    The Education Trust
    1501 K Street NW Suite 200
    Washington,DC20005     		None PC Addressing Inequities in Massachusetts' School System 70,000
    The Leadership Academy
    45-18 Court Square 2nd Floor
    Long Island City,NY11101     		None PC General Operating Support 50,000
    The New York Immigration Coalition
    131 W 33rd Street Suite 610
    New York,NY10001     		None PC General Operating Support 5,000
    The Night Ministry
    4711 N Ravenswood
    Chicago,IL60640     		None PC General Operating Support 3,500
    The Regents of the University of California Center
    c/o Sponsored Projects Office 1608
    Fourth Street Suite 220
    Berkeley,CA94710     		None PC General Operating Support 75,000
    Third Sector New England
    89 South Street Suite 700
    Boston,MA02111     		None PC General Operating Support 50,000
    Third Sector of New England
    89 South Street 7th Floor
    Boston,MA02111     		None PC General Operating Support 10,000
    University Community Collaborative
    Temple University Gladfelter Hall R
    oom 428 1115 Pollett Way
    Philadelphia,PA191226089     		None PC Youth Leadership Development 40,000
    University of Chicago
    1313 E 60th Street
    Chicago,IL60637     		None PC Urban Teacher Education Program 50,000
    University of Illinois at Chicago College of Education
    1040 West Harrison Street
    Chicago,IL60607     		None PC Coaching & Data Systems Support 75,000
    University of Illinois at Chicago College of Education
    1040 West Harrison Street
    Chicago,IL60607     		None PC Continued Development of SEL Infused Education Leadership Curriculum 40,000
    University of Illinois at Chicago College of Education
    1040 West Harrison Street
    Chicago,IL60607     		None PC Stone Fellowships in Early Childhood Education Leadership 40,000
    US Soccer
    1801 S Prairie Ave
    Chicago,IL60616     		None PC US Soccer Development Fund 3,500
    Youth Communication
    242 W 38th St 6th Floor
    New York,NY10018     		None PC General Operating Support 50,000
    Youth Leadership Institute
    209 Ninth St Suite 200
    San Francisco,CA94103     		None PC Calafia Fellowship 40,000
    Youth Radio
    1701 Broadway Avenue
    Oakland,CA94612     		None PC General Operating Support 50,000
    Youth United for Change
    520 N Columbus Blvd Suite 205
    Philadelphia,PA19123     		None PC Stone Leadership Fellows 5,000
    Youth United for Change
    520 N Columbus Blvd Suite 205
    Philadelphia,PA19123     		None PC General Operating Support 60,000
    YouthBuild USA
    8 Day Street
    Somerville,MA02144     		None PC General Operating Support 60,000
    Total .................................bullet 3a 4,746,750
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 892,024  
    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 -430,799  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aROYALTIES     		    14 73,241  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 534,466 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    534,466
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID: 20011424
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING AND AUDIT FEES 63,292 6,329   31,172
    TAX PREPARATION 42,004 21,002    

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

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    Sales of securities   P     71,007,693 69,333,981     1,673,712  
    Capital Gain From Schedules K-1   P       2,104,511     -2,104,511  

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Fixed Income Funds 17,179,225 17,179,225
    Mutual Funds 6,100,642 6,100,642
    Global Equity Funds 4,588,045 4,588,045

    TY 2020 InvestmentsOtherSchedule2
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Alternative Investments FMV 87,929,603 87,929,603

    TY 2020 OtherDecreasesSchedule
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Description Amount
    Unrealized loss 5,724,097


    TY 2020 OtherExpensesSchedule
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Information Technology 27,967     24,354
    OFFICE SUPPLIES AND POSTAGE 2,098      
    PAYROLL SERVICES 3,228      
    FILING FEES 511      
    INSURANCE 2,543     2,543
    BANK SERVICE CHARGES 454      
    MEMBERSHIP/ASSOCIATIONS 8,450     8,450
    OTHER EXPENSES FROM K-1 0 994,848    


    TY 2020 OtherIncomeSchedule2
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTIES 6,541 6,541  
    PARTNERSHIP INCOME FROM K-1 0 216,265  
    Excise Taxes 66,700 0  


    TY 2020 OtherIncreasesSchedule
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Description Amount
    Unrealized Gain 16,087,039


    TY 2020 OtherLiabilitiesSchedule
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value
    Deferred Excise Taxes 692,031 625,006


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 209,837 209,837    


    TY 2020 TaxesSchedule
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES   82,169