Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE WATERWHEEL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)CO BGCO 420 LEXINGTON AVE NO 25
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10170
A Employer identification number

13-3948773
B Telephone number (see instructions)

(212) 582-9700
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$9,639,040J 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) 3,098,088
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,009 1,009  
4 Dividends and interest from securities... 103,041 103,041  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 58,875
b Gross sales price for all assets on line 6a 685,985
7 Capital gain net income (from Part IV, line 2)... 58,875
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)....... Click to see attachment 108 108  
12 Total. Add lines 1 through 11........ 3,261,121 163,033  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 1,047 0   0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 23,233 22,928   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,104 2,704   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 480,515 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 512,899 25,632   0
25 Contributions, gifts, grants paid....... 2,563,723 2,563,723
26 Total expenses and disbursements. Add lines 24 and 25 3,076,622 25,632   2,563,723
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 184,499
b Net investment income (if negative, enter -0-) 137,401
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 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............. 450,639 894,437 894,437
2 Savings and temporary cash investments......... 590,314 2,026,835 2,026,835
3 Accounts receivable bullet4,877
Less: allowance for doubtful accounts bullet   125 4,877 4,877
4 Pledges receivable bullet62,826
Less: allowance for doubtful accounts bullet   613,809 62,826 62,826
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 5,631,106 Click to see attachment5,832,203 6,644,465
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet1,155
Less: accumulated depreciation (attach schedule) bullet1,155      
15 Other assets (describe bullet) Click to see attachment5,600 Click to see attachment5,600 Click to see attachment5,600
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,291,593 8,826,778 9,639,040
Liabilities 17 Accounts payable and accrued expenses.......... 20 2,383
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment1,348,323
23 Total liabilities (add lines 17 through 22)......... 20 1,350,706
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........... 7,291,573 7,476,072
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)..... 7,291,573 7,476,072
30 Total liabilities and net assets/fund balances (see instructions). 7,291,593 8,826,778
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
7,291,573
2
Enter amount from Part I, line 27a .....................
2
184,499
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
7,476,072
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,476,072
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 PUBLICLY TRADED SECURITIES SANFORD BERNSTEIN P 2020-01-01 2020-12-31
b PUBLICLY TRADED SECURITIES SANFORD BERNSTEIN P 2020-01-01 2020-12-31
c CAPITAL GAINS DIVIDENDS P    
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 183,637   187,602 -3,965
b 488,726   439,508 49,218
c 13,622     13,622
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       -3,965
b       49,218
c       13,622
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 58,875
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 1,910
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,910
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,910
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 7,879
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 7,879
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,969
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet5,969 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletVT
    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. Click to see attachment...............................
    10
    Yes
     
    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 addressbulletPHISH.COM/WATERWHEEL
    14
    The books are in care ofbulletBURTON GOLDSTEIN CO LLC Telephone no.bullet (212) 582-9700

    Located atbullet420 LEXINGTON AVE STE 2520NEW YORKNY ZIP+4bullet10170
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ERNEST ANASTASIO III PRESIDENT
    2.00     		0 0 0
    C/O BGCO 420 LEXINGTON AVE STE 2520
    NEW YORK,NY10170
    MICHAEL GORDON TREASURER
    2.00     		0 0 0
    C/O BGCO 420 LEXINGTON AVE STE 2520
    NEW YORK,NY10170
    PAGE MCCONNELL SECRETARY
    2.00     		0 0 0
    C/O BGCO 420 LEXINGTON AVE STE 2520
    NEW YORK,NY10170
    JONATHAN FISHMAN VP
    2.00     		0 0 0
    C/O BGCO 420 LEXINGTON AVE STE 2520
    NEW YORK,NY10170
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    6,329,900
    b
    Average of monthly cash balances.......................
    1b
    1,981,112
    c
    Fair market value of all other assets (see instructions)................
    1c
    346,419
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,657,431
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    8,657,431
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    129,861
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,527,570
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    426,379
    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
    426,379
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,910
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,910
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    424,469
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    424,469
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    424,469
    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
    2,563,723
    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
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,563,723
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,563,723
    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 7 424,469
    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...... 109,904
    b From 2016...... 440,744
    c From 2017...... 419,537
    d From 2018...... 372,462
    e From 2019...... 496,015
    fTotal of lines 3a through e........ 1,838,662
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,563,723
    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..... 424,469
    e Remaining amount distributed out of corpus 2,139,254
    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 3,977,916
    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) ...     		109,904
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		3,868,012
    10 Analysis of line 9:
    a Excess from 2016.... 440,744
    b Excess from 2017.... 419,537
    c Excess from 2018.... 372,462
    d Excess from 2019.... 496,015
    e Excess from 2020.... 2,139,254
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    FRIENDS OF UNION FAIR
    PO BOX 421
    UNION,ME04862     		NONE PUBLIC CHARITY GENERAL 25,000
    WHYHUNGER
    505 EIGHTH AVE
    NEW YORK,NY10018     		NONE PUBLIC CHARITY GENERAL 20,650
    BURLINGTON CITY ARTS
    149 CHURCH STREET
    BURLINGTON,VT05401     		NONE PUBLIC CHARITY GENERAL 27,500
    GENERATOR INC
    54 BARTLETT BAY ROAD
    BURLINGTON,VT05403     		NONE PUBLIC CHARITY GENERAL 25,000
    MEALS ON WHEELS AMERICA
    1550 CRYSTAL DRIVE 1004
    ARLINGTON,VA22202     		NONE PUBLIC CHARITY GENERAL 34,882
    FRONTLINE FOODS VERMONT
    655 NEW YORK AVE NW 6TH FLR
    WASHINGTON,DC20001     		NONE PUBLIC CHARITY GENERAL 36,097
    CVOEO
    255 S CHAMPLAIN ST
    BURLINGTON,VT05401     		NONE PUBLIC CHARITY GENERAL 25,000
    COMMUNITY SAILING CENTER
    505 LAKE STREET
    BURLINGTON,VT05401     		NONE PUBLIC CHARITY GENERAL 15,000
    HEAD COUNT INC
    104 W 29TH STREET 11TH FLR
    NEW YORK,NY10001     		NONE PUBLIC CHARITY GENERAL 36,403
    COMMON ROOTS
    PO BOX 9335
    SO BURLINGTON,VT05407     		NONE PUBLIC CHARITY GENERAL 15,000
    NORTH EAST ORGANIC FARMING ASSOC
    PO BOX 697
    RICHMOND,VA05477     		NONE PUBLIC CHARITY GENERAL 25,000
    CONSERVATION LAW FOUNDATION
    62 SUMMER STREET
    BOSTON,MA02110     		NONE PUBLIC CHARITY GENERAL 30,000
    PARTNER IN HEALTH
    BAYLSTON STREET STE 300
    BOSTON,MA02199     		NONE PUBLIC CHARITY GENERAL 20,186
    FEEDING AMERICA
    161 NORTH CLARK STREET STE 700
    CHICAGO,IL60601     		NONE PUBLIC CHARITY GENERAL 20,019
    ECHO CENTER
    ONE COLLEGE STREET
    BURLINGTON,VT04501     		NONE PUBLIC CHARITY GENERAL 10,000
    STREET MEDICINE INSTITUTE
    PO BOX 431
    INGOMAR,PA15127     		NONE PUBLIC CHARITY GENERAL 42,700
    FAITH IN ACTION NORTHERN COMMUNITIES
    PO BOX 157
    CABOT,VT05647     		NONE PUBLIC CHARITY GENERAL 5,000
    CHARLESTON WATERKEEPER
    PO BOX 29
    CHARLESTON,SC29402     		NONE PUBLIC CHARITY GENERAL 13,054
    STREET MEDICINE INSTITUTE
    PO BOX 431
    INGOMAR,PA15127     		NONE PUBLIC CHARITY GENERAL 13,054
    GREEN MOUNTAIN CLUB
    4711 WATERBURY STOWE ROAD
    WATERBURY CENTER,VT05677     		NONE PUBLIC CHARITY GENERAL 6,000
    SAVE THE BAY INC
    100 SAVE THE BAAY DRIVE
    PROVIDENCE,RI02905     		NONE PUBLIC CHARITY GENERAL 13,054
    THE AFYA FOUNDATION
    140 SAW MILL RIVER RD
    YONKERS,NY10701     		NONE PUBLIC CHARITY GENERAL 17,759
    HUNGER FREE AMERICA
    50 BROAD STREET 1103
    NEW YORK,NY10004     		NONE PUBLIC CHARITY GENERAL 54,786
    INTERVALE CENTER
    180 INTERVALE ROAD
    BURLINGTON,VT05401     		NONE PUBLIC CHARITY GENERAL 50,000
    THE ARTSFUND
    100 W HARRISON STREET SOUTH
    SEATTLE,WA98105     		NONE PUBLIC CHARITY GENERAL 12,842
    KIDS ON THE BALL INC
    19 LINDENWOOD DRIVE
    SO BURLINGTON,VT05403     		NONE PUBLIC CHARITY GENERAL 15,000
    COLOR OF CHANGE
    1714 FRANKLIN ST STE 100-136
    OAKLAND,CA94612     		NONE PUBLIC CHARITY GENERAL 25,819
    EQUAL JUSTICE INITIATIVE
    122 COMMERCE STREET
    MONTGOMERY,AL36104     		NONE PUBLIC CHARITY GENERAL 93,746
    SOUTHERN POVERTY LAW CLINIC
    400 WASHINGTON AVE
    MONTGOMERY,AL36104     		NONE PUBLIC CHARITY GENERAL 30,858
    MUSIC HEALTH ALLIANCE
    2737 LARMON DR
    NASHVILLE,TN37204     		NONE PUBLIC CHARITY GENERAL 21,941
    THE GIVING FUND
    NIVA 1 PENN PLAZA 6263
    NEW YORK,NY10119     		NONE PUBLIC CHARITY GENERAL 23,171
    MOCKINGBIRD FOUNDATION
    12407 WILLOW GROVE COURT
    MOORPARK,CA93021     		NONE PUBLIC CHARITY GENERAL 59,677
    RANDOLF AREA COMMUNITY DEVELOPMENT
    PO BOX 409
    RANDOLPH,VT05060     		NONE PUBLIC CHARITY GENERAL 2,500
    NEW COMMUNTIY PROJECT
    117 NATURE RD
    BLUE RIDGE,VA24064     		NONE PUBLIC CHARITY GENERAL 1,500
    WATERKEEPER ALLAINCE
    180 MAIDEN LANE STE 603
    NEW YORK,NY10038     		NONE PUBLIC CHARITY GENERAL 20,000
    LIVE LIKE BENJO
    PO BOX 83
    UNDERHILL CENTER,VT05490     		NONE PUBLIC CHARITY GENERL 2,500
    WORLD CENTRAL KITCHEN
    1342 FLORIDA AVE
    NW WASHINGTON,DC20009     		NONE PUBLIC CHARITY GENERAL 21,513
    DOCTORS WITHOUT BORDERS
    40 RECTOR STREET 16TH FLR
    NEW YORK,NY10006     		NONE PUBLIC CHARITY GENERAL 17,322
    MAKE A WISH VERMONT
    6655 SHELBURNE ROAD
    SHELBURNE,VT05482     		NONE PUBLIC CHARITY GENERAL 5,000
    NORTHERN STAGE
    76 GATES STREET
    WHITE RIVER JUNCTION,VT05001     		NONE PUBLIC CHARITY GENERAL 5,000
    RICH EARTH INSTITUTE
    44 FULLER DRIVE
    BRATTLEBORO,VT05301     		NONE PUBLIC CHARITY GENERAL 2,000
    NORTHEASTERN FAMILY INSTITUTE
    30 AIRPORT RD
    BURLINGTON,VT05403     		NONE PUBLIC CHARITY GENERAL 2,000
    NATIONAL ALLIANCE TO END HOMELESSNESS
    1518 K STREET NW
    WASHINGTON,DC20005     		NONE PUBLIC CHARITY GENERAL 17,209
    SLEEP IN HEAVENLY PEACE
    79 VERMONT ROUTE 15
    JERICHO,VT05465     		NONE PUBLIC CHARITY GENERAL 3,500
    MIMI FISHMAN FOUNDATION
    11939 MANCHESTER RD
    DES PERES,MO63131     		NONE PUBLIC CHARITY GENERAL 13,179
    ECHO AT THE LEAHY CENTER
    ONE COLLEGE STREET
    BURLINGTON,VT05401     		NONE PUBLIC CHARITY GENERAL 20,000
    STEPS TO END DOMESTIC VIOLENCE
    PO BOX 1535
    BURLINGTON,VT05402     		NONE PUBLIC CHARITY GENERAL 58,234
    ACLU
    125 BROAD STREET
    NEW YORK,NY10004     		NONE PUBLIC CHARITY GENERAL 26,457
    SWEET RELIEF MUSICIANS FUND
    2601 EAST CHAPMAN AVE STE 204
    FULLERTON,CA92831     		NONE PUBLIC CHARITY GENERAL 25,312
    YOUNG TRADITION VERMONT
    PO BOX 163
    FAIRFAX,VT05454     		NONE PUBLIC CHARITY GENERAL 1,000
    FAIR ELECTIONS CENTER
    1825 K ST NW STE 450
    WASHINGTON,DC20006     		NONE PUBLIC CHARITY GENERAL 13,357
    AGRARIAN TRUST FOR BREAD & BUTTER FARM
    200 LEDUC FARM RD
    SHELBURNE,VT05482     		NONE PUBLIC CHARITY GENERAL 25,000
    FOOD EMPOWERMENT PROJECT
    PO BOX 7322
    COTATI,CA94931     		NONE PUBLIC CHARITY GENERAL 15,027
    VERMONT PARKS FOREVER
    PO BOX 815
    MONTPELIER,VT05601     		NONE PUBLIC CHARITY GENERAL 15,000
    VOLUNTEERS IN MEDICINE AMERICA
    401 WILLIAM HILTON PARKWAY
    HILTON HEAD IS,SC29926     		NONE PUBLIC CHARITY GENERAL 35,529
    THE DIVIDED SKY FOUNDATION
    33 MAIN STREET
    BURLINGTON,VT05401     		NONE PUBLIC CHARITY GENERAL 1,351,386
    Total .................................bullet 3a 2,563,723
    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 ...........     		523000 1,009      
    4 Dividends and interest from securities.... 523000 103,041      
    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..... 900000 108      
    8 Gain or (loss) from sales of assets other than
    inventory ............     		523000 58,875      
    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).. 163,033 0 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    163,033
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    THE WATERWHEEL FOUNDATION
     
    Employer identification number

    13-3948773
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    THE WATERWHEEL FOUNDATION
          		Employer identification number
    13-3948773
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    BEN & JERRY'S
     
    30 COMMUNITY DRIVE
     
    SO BURLINGTON, VT05403

    		$ 89,539


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    RONALD DEISNER
    1 GRACIE SQUARE
     
    NEW YORK, NY10028

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    DOLAN FAMILY FOUNDATION
     
    720 EAST PETE ROSE WAY 120
     
    CINCINATTI, OH45202

    		$ 250,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    POLLOK PRINTS
     
    201 N BRADDOCK AVE STE 326
     
    PITTSBURG, PA15208

    		$ 123,009


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    NORTHERN TRUST
     
    40 WEST 57TH STREET STE 2100
     
    NEW YORK, NY10019

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    HORTON FOUNDATION FUND
     
    PO BOX 1767
     
    CHARLOTTESVILLE, VA22902

    		$ 200,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    THE WATERWHEEL FOUNDATION
          		Employer identification number
    13-3948773
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    7
    PHISH MAIL ORDER
     
    420 LEXINGTON AVE STE 2520
     
    NEW YORK, NY10170

    		$ 76,701


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    BOTTLENECK GALLERY
     
    60 BROADWAY
     
    BROOKLYN, NY11249

    		$ 111,425


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    FIDELITY CLEARING CANADA ULC
     
    401 BAY STREET 2900
     
    TORONTO, ONTARIOM54 2Y4CA

    		$ 24,980


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
    WOOLF FAMILY FOUNDATION
     
    585 BANK LANE
     
    LAKE FOREST, IL60045

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
    THE WILSON WILDE FAMILY FOUNDATION
     
    119 SAINT MARTIN DRIVE
     
    PALM BEACH GARDENS, FL33418

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    THE WATERWHEEL FOUNDATION
          		Employer identification number

    13-3948773
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    THE WATERWHEEL FOUNDATION
          		Employer identification number

    13-3948773
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE WATERWHEEL FOUNDATION
    EIN:
    13-3948773
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 5,832,203 6,644,465

    TY 2020 LegalFeesSchedule
    Name:
    THE WATERWHEEL FOUNDATION
    EIN:
    13-3948773
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,047 0   0


    TY 2020 OtherAssetsSchedule
    Name:
    THE WATERWHEEL FOUNDATION
    EIN:
    13-3948773
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID 5,600 5,600 5,600


    TY 2020 OtherExpensesSchedule
    Name:
    THE WATERWHEEL FOUNDATION
    EIN:
    13-3948773
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ARTIST REIMBURSEMENTS 278,825 0   0
    TRAVEL 1,277 0   0
    INDEPENDENT CONTRACTORS 2,000 0   0
    INSURANCE 255 0   0
    MSG BEACON 198,158 0   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE WATERWHEEL FOUNDATION
    EIN:
    13-3948773
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS 108 108 108


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE WATERWHEEL FOUNDATION
    EIN:
    13-3948773
    Description Beginning of Year - Book Value End of Year - Book Value
    DIVIDED SKY FOUNDATION 0 1,069,498
    DTF PANINO 0 278,825


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE WATERWHEEL FOUNDATION
    EIN:
    13-3948773
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 22,928 22,928   0
    OTHER PROFESSIONAL 198 0   0
    MISCELLANEOUS 67 0   0
    FILING FEES 0 0   0
    BANK CHARGES 40 0   0


    TY 2020 SubstantialContributorsSch
    Name:
    THE WATERWHEEL FOUNDATION
    EIN:
    13-3948773
    Name Address
    BEN & JERRY'S HOMEMADE HOLDINGS
          		30 COMMUNITY DRIVE
    SOUTH BURLINGTON,VT054036828
    PHISH MAIL ORDER INC
          		420 LEXINGTON AVE STE 2520
    NEW YORK,NY10170
    RONALD DEISNER 1 GRACIE SQUARE
    NEW YORK,NY10028
    POLLOK PRINTS
          		201 N BRADDOCK AVE STE 326
    PITTSBURGH,PA15208
    DOLAN FAMILY FOUNDATION
          		720 EAST PETE ROSE WAY 120
    CINCINNATI,OH45202
    NORTHERN TRUST
          		40 WEST 57TH STREET STE 2100
    NEW YORK,NY10019
    HORTON FOUNDATION FUND
          		PO BOX 1767
    CHARLOTTESVILLE,VA22902
    BOTTLENECK GALLERY
          		60 BROADWAY
    BROOKLYN,NY11249
    FIDELITY CLEARING
          		401 BAY STREET 2900
      TORONTO  
    CA
    WOOLF FAMILY FOUNDATION
          		585 BANK LANE
    LAKE FOREST,IL60045
    THE WILSON WILDE FAMILY FOUNDATION
          		119 SAINT MARTIN DRIVE
    PALM BEACH GARDENS,FL33418


    TY 2020 TaxesSchedule
    Name:
    THE WATERWHEEL FOUNDATION
    EIN:
    13-3948773
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 5,400 0   0
    FOREIGN TAX 2,704 2,704   0