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 FINE FOUNDATION
C/O FFC CAPITAL CORPORATION
Number and street (or P.O. box number if mail is not delivered to street address)EQT PLAZA 625 LIBERTY AVE NO 311
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA15222
A Employer identification number

25-6335329
B Telephone number (see instructions)

(412) 444-3500
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$357,890J 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) 1,443,742
2 Check bullet.............
3 Interest on savings and temporary cash investments 3,224 3,224  
4 Dividends and interest from securities... 1,316 1,316  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,042
b Gross sales price for all assets on line 6a 46,709
7 Capital gain net income (from Part IV, line 2)... 8,042
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,456,324 12,582  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 266,687 0   266,687
14 Other employee salaries and wages...... 118,538 0   118,538
15 Pension plans, employee benefits....... 47,914 0   47,914
16a Legal fees (attach schedule)......... Click to see attachment 12,232 1,957   10,275
b Accounting fees (attach schedule)....... Click to see attachment 11,896 2,974   8,922
c Other professional fees (attach schedule).... Click to see attachment 2,410 1,036   1,374
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,746 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 2,091 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 32 0   32
23 Other expenses (attach schedule)....... Click to see attachment 30,593 0   30,593
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 495,139 5,967   484,335
25 Contributions, gifts, grants paid....... 1,423,754 1,423,754
26 Total expenses and disbursements. Add lines 24 and 25 1,918,893 5,967   1,908,089
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -462,569
b Net investment income (if negative, enter -0-) 6,615
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............. 67,247 306,849 306,849
2 Savings and temporary cash investments......... 692,577 28,203 28,203
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
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).......      
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).......... 55,327 Click to see attachment17,569 19,394
14 Land, buildings, and equipment: basis bullet14,072
Less: accumulated depreciation (attach schedule) bullet10,628 3,483 Click to see attachment3,444 3,444
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 818,634 356,065 357,890
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 818,634 356,065
29 Total net assets or fund balances (see instructions)..... 818,634 356,065
30 Total liabilities and net assets/fund balances (see instructions). 818,634 356,065
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
818,634
2
Enter amount from Part I, line 27a .....................
2
-462,569
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
356,065
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
356,065
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 DFA INVT DIMENSIONS GROUP INC LONG TERM P   2020-11-17
b DFA INVT DIMENSIONS GROUP INC SHORT TERM P   2020-11-17
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 45,765   37,840 7,925
b 944   827 117
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       7,925
b       117
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 8,042
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 92
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 92
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 92
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 964
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.............. 7 964
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 10 872
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet872 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)
    bulletPA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTHOMAS J LAVELLE Telephone no.bullet (412) 444-3500

    Located atbullet625 LIBERTY AVE STE 3110PITTSBURGHPA ZIP+4bullet15222
    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
    KATHY LACHENAUER EXECUTIVE DIRECTOR
    40.00     		229,187 12,803 0
    625 LIBERTY AVENUE SUITE 3110
    PITTSBURGH,PA15222
    SUSAN BROWNLEE SECRETARY
    2.00     		7,500 0 0
    625 LIBERTY AVENUE SUITE 3110
    PITTSBURGH,PA15222
    RICHARD ARMSTRONG DIRECTOR
    2.00     		7,500 0 0
    625 LIBERTY AVENUE SUITE 3110
    PITTSBURGH,PA15222
    SUSAN FRIEDBERG KALSON TREASURER
    2.00     		7,500 0 0
    625 LIBERTY AVENUE SUITE 3110
    PITTSBURGH,PA15222
    KEITH KANEL DIRECTOR
    2.00     		7,500 0 0
    625 LIBERTY AVENUE SUITE 3110
    PITTSBURGH,PA15222
    JUDY ROSCOW DIRECTOR
    2.00     		7,500 0 0
    625 LIBERTY AVENUE SUITE 3110
    PITTSBURGH,PA15222
    DAVID FINE DIRECTOR
    2.00     		0 0 0
    625 LIBERTY AVENUE SUITE 3110
    PITTSBURGH,PA15222
    CAROLYN FINE FRIEDMAN VICE CHAIR
    2.00     		0 0 0
    625 LIBERTY AVENUE SUITE 3110
    PITTSBURGH,PA15222
    SIBYL FINE KING DIRECTOR
    2.00     		0 0 0
    625 LIBERTY AVENUE SUITE 3110
    PITTSBURGH,PA15222
    SHEILA REICHER FINE CHAIR
    2.00     		0 0 0
    625 LIBERTY AVENUE SUITE 3110
    PITTSBURGH,PA15222
    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
    CYNTHIA FERENCE-KELLY OPERATIONS & PROGRAM
    40.00     		118,538 13,456 0
    625 LIBERTY AVE SUITE 3110
    PITTSBURGH,PA15222
    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
    48,599
    b
    Average of monthly cash balances.......................
    1b
    486,023
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    534,622
    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
    534,622
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    8,019
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    526,603
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    26,330
    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
    26,330
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    92
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    92
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    26,238
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    26,238
    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
    26,238
    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
    1,908,089
    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
    1,908,089
    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
    1,908,089
    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 26,238
    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...... 2,816,478
    b From 2016...... 2,596,577
    c From 2017...... 3,040,623
    d From 2018...... 3,038,975
    e From 2019...... 2,629,511
    fTotal of lines 3a through e........ 14,122,164
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,908,089
    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..... 26,238
    e Remaining amount distributed out of corpus 1,881,851
    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 16,004,015
    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) ...     		2,816,478
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		13,187,537
    10 Analysis of line 9:
    a Excess from 2016.... 2,596,577
    b Excess from 2017.... 3,040,623
    c Excess from 2018.... 3,038,975
    d Excess from 2019.... 2,629,511
    e Excess from 2020.... 1,881,851
    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:
    CYNTHIA FERENCE-KELLY
    625 LIBERTY AVENUE SUITE 3110
    PITTSBURGH,PA15222
    (412) 444-3521
    bThe form in which applications should be submitted and information and materials they should include:
    ONLINE APPLICATION AND SATISFACTION OF GRANT PROPOSAL REQUIREMENTS
    cAny submission deadlines:
    NINE WEEKS PRIOR TO THE BOARD MEETINGS HELD IN THE SPRING AND FALL
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION SUPPORTS ARTS AND CULTURE, JEWISH LIFE, PITTSBURGH PHILANTHROPIES, SCIENCE & MEDICINE, AND OTHER WORTHY CHARITIES AS DETERMINED BY THE BOARD OF DIRECTORS.
    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
    ALIA MUSICA PITTSBURGH
    5 CLARENDON PLACE
    PITTSBURGH,PA15206     		N/A PC PITTSBURGH FESTIVAL OF NEW MUSIC 4,000
    ALUMNI THEATER COMPANY
    6601 HAMILTON AVE
    PITTSBURGH,PA15206     		N/A PC ARTS MANAGEMENT FELLOWSHIP 10,000
    ALZHEIMER'S COMMUNITY CARE
    800 NORTHPOINT PARKWAY STE 101-B
    WEST PALM BEACH,FL33407     		N/A PC GENERAL OPERATING SUPPORT 100
    AMERICAN FRIENDS OF THE ISRAEL MUSEUM
    545 FIFTH AVE STE 920
    NEW YORK,NY10017     		N/A PC GENERAL OPERATING SUPPORT 5,000
    ARC OF MARTIN COUNTY THE
    2001 S KANNER HIGHWY
    STUART,FL34994     		N/A PC GENERAL OPERATING SUPPORT 500
    ART CREATES US DBA PROJECT ART PITTSBURGH
    247 WATER ST STE 403
    BROOKLYN,NY11201     		N/A PC FOR YOUTH ART CLASSES IN PUBLIC LIBRARIES 2,500
    ARTS COUNCIL THE
    80 E OCEAN BLVD
    STUART,FL34994     		N/A PC GENERAL OPERATING SUPPORT 300
    ARTS FOUNDATION OF MARTIN COUNTY
    80 E OCEAN BLVD
    STUART,FL34994     		N/A PC GENERAL OPERATING SUPPORT 1,000
    ATLANTIC CLASSICAL ORCHESTRA
    415 AVENUE A STE 206
    FORT PIERCE,FL34950     		N/A PC GENERAL OPERATING SUPPORT 1,000
    ATTACK THEATRE
    212 45TH ST
    PITTSBURGH,PA15201     		N/A PC COVID-19 EMERGENCY OPERATING SUPPORT 10,000
    AUTUMN HOUSE PRESS
    5530 PENN AVE
    PITTSBURGH,PA15206     		N/A PC GENERAL OPERATING SUPPORT 500
    BUNKER PROJECTS
    5106 PENN AVE
    PITTSBURGH,PA15224     		N/A PC 2020 EXHIBITIONS 5,000
    CARING CHILDREN CLOTHING CHILDREN INC
    7985 SW JACK JAMES DR
    STUART,FL34997     		N/A PC GENERAL OPERATING SUPPORT 500
    CARNEGIE LIBRARY OF PITTSBURGH
    4400 FORBES AVE
    PITTSBURGH,PA15213     		N/A PC DOWNTOWN LIBRARY EXPANSION 15,000
    CARNEGIE MELLON UNIVERSITY
    5000 FORBES AVE
    PITTSBURGH,PA15213     		N/A PC DARA BIRNBAUM EXHIBITION 5,000
    CARNEGIE MUSEUMS OF PITTSBURGH
    4400 FORBES AVE
    PITTSBURGH,PA15213     		N/A PC ANDY WARHOL MUSEUM'S FANTASY AMERICA EXHIBITION 15,000
    CARNEGIE MUSEUMS OF PITTSBURGH
    4400 FORBES AVE
    PITTSBURGH,PA15213     		N/A PC TO SUPPORT THE OPERATIONS OF FOUR MUSEUMS 10,000
    CARNEGIE MUSEUMS OF PITTSBURGH
    4400 FORBES AVE
    PITTSBURGH,PA15213     		N/A PC CURATOR OF ART FOR THE ANDY WARHOL MUSEUM 60,000
    CARNEGIE MUSEUMS OF PITTSBURGH
    4400 FORBES AVE
    PITTSBURGH,PA15213     		N/A PC TO SUPPORT THE CARNEGIE INTERNATIONAL EXHIBITIONS 167,500
    CHILDREN'S HOSPITAL OF PITTSBURGH FOUNDATION
    4401 PENN AVE STE CP-3
    PITTSBURGH,PA15224     		N/A PC CREATIVE AND EXPRESSIVE ARTS THERAPY FOR CHILDREN 17,365
    CHILDREN'S MUSEUM OF PITTSBURGH
    10 CHILDRENS WAY
    PITTSBURGH,PA15212     		N/A PC FOR AN ARTIST RESIDENCY PROGRAM AND MUSEUM LAB 40,000
    CHILDREN'S MUSEUM OF THE TREASURE COAST
    PO BOX 2147
    STUART,FL34995     		N/A PC GENERAL OPERATING SUPPORT 100
    CITY OF ASYLUM PITTSBURGH
    40 W NORTH AVE
    PITTSBURGH,PA15212     		N/A PC COVID-19 EMERGENCY OPERATING SUPPORT 10,000
    CITY THEATRE COMPANY
    1300 BINGHAM ST
    PITTSBURGH,PA15203     		N/A PC COVID-19 EMERGENCY OPERATING SUPPORT 10,000
    COMMUNITY FOUNDATION MARTIN-ST LUCIE THE
    851 SE MONTEREY COMMONS BLVD
    STUART,FL34996     		N/A PC GENERAL OPERATING SUPPORT 1,100
    CREATIVE CITIZEN STUDIOS
    6300 FIFTH AVE
    PITTSBURGH,PA15232     		N/A PC CREATIVE OPPORTUNITIES FOR ADULTS WITH DISABILITIES 1,000
    DOORS OPEN PITTSBURGH
    4981 MCKNIGHT RD
    PITTSBURGH,PA15237     		N/A PC DOORS OPEN 2020 PROGRAMMING 2,000
    DREAMS OF HOPE
    PO BOX 4912
    PITTSBURGH,PA15206     		N/A PC THEATRIQ YOUTH PERFORMANCE ENSEMBLE 1,000
    EDUCATION FOUNDATIION OF MARTIN COUNTY
    PO BOX 291
    STUART,FL34995     		N/A PC GENERAL OPERATING SUPPORT 100
    EYE & EAR FOUNDATION OF PITTSBURGH
    203 LOTHROP ST
    PITTSBURGH,PA15213     		N/A PC MOBILE VISION CARE FOR VULNERABLE SENIORS 2,500
    FRIENDS OF THE LYRIC INC
    59 SW FLAGLER AVE
    STUART,FL34994     		N/A PC GENERAL OPERATING SUPPORT 10,000
    FRIENDS OF VOLUNTEERS IN MEDICINE CLINIC
    417 SE BALBOA AVE
    STUART,FL34994     		N/A PC GENERAL OPERATING SUPPORT 200
    FRONT PORCH THEATRICALS
    112 SEWICKLEY RIDGE CIRCLE
    SEWICKLEY,PA15143     		N/A PC SEASON 2002 HINDSIGHT 2,500
    GIVING IT FORWARD TOGETHER
    5720 MUNHALL RD
    PITTSBURGH,PA15217     		N/A PC PASSOVER MEAL KITS TO GO 1,000
    GLOBAL LINKS
    700 TRUMBULL DR
    PITTSBURGH,PA15205     		N/A PC LOCAL RESPONSE TO THE COVID-19 PANDEMIC 2,500
    GREATER PITTSBURGH ARTS COUNCIL
    810 PENN AVE STE 600
    PITTSBURGH,PA15222     		N/A PC FOR THE TEACHING ARTIST INITIATIVE 11,000
    GREATER PITTSBURGH COMMUNITY FOOD BANK
    1 NORTH LINDEN ST
    DUQUESNE,PA15110     		N/A PC COVID-19 EMERGENCY RESPONSE 10,000
    GREATER PITTSBURGH COMMUNITY FOOD BANK
    1 NORTH LINDEN ST
    DUQUESNE,PA15110     		N/A PC GENERAL OPERATING SUPPORT 1,200
    HILLEL JEWISH UNIVERSITY CENTER OF PITTSBURGH
    4607 FORBES AVE
    PITTSBURGH,PA15213     		N/A PC GENERAL OPERATING SUPPORT 1,500
    HISTORICAL SOCIETY OF MARTIN COUNTY DBA THE ELLIOTT MUSEUM
    825 NE OCEAN BLVD
    STUART,FL34996     		N/A PC GENERAL OPERATING SUPPORT 100
    HISTORICAL SOCIETY OF WESTERN PENNSYLVANIA
    1212 SMALLMAN ST
    PITTSBURGH,PA15222     		N/A PC 2020 ANNUAL FUND 2,500
    HOPEBOUND MINISTRIES
    3800 W PETERSON AVE
    CHICAGO,IL60659     		N/A PC FOR THE MOONCREST ART AND MUSIC CAMPS 1,000
    HOUSE OF HOPE
    2484 SE BONITA ST
    STUART,FL34997     		N/A PC GENERAL OPERATING SUPPORT 500
    HUMANE SOCIETY OF THE TREASURE COAST
    4100 SW LEIGHTON FARM AVE
    PALM CITY,FL34990     		N/A PC GENERAL OPERATING SUPPORT 100
    JED FOUNDATION THE
    6 EAST 39TH STREET STE 1204
    NEW YORK,NY10016     		N/A PC LEAD PITTSBURGH RESERVE FUND GRANT 7,778
    JEWISH ASSOCIATION ON AGING
    200 JHF DR
    PITTSBURGH,PA15217     		N/A PC COVID-19 EMERGENCY RESPONSE 30,000
    JEWISH COMMUNITY CENTER OF GREATER PITTSBURGH
    5738 FORBES AVE
    PITTSBURGH,PA15217     		N/A PC AGEWELL MEALS FOR SENIORS 40,000
    JEWISH COMMUNITY CENTER OF GREATER PITTSBURGH
    5738 FORBES AVE
    PITTSBURGH,PA15217     		N/A PC COVID-19 EMERGENCY RESPONSE 10,000
    JEWISH COMMUNITY CENTER OF GREATER PITTSBURGH
    5738 FORBES AVE
    PITTSBURGH,PA15217     		N/A PC SENIOR WELLNESS PROGRAMS 50,000
    JEWISH FAMILY AND COMMUNITY SERVICES
    828 HAZELWOOD AVE
    PITTSBURGH,PA15217     		N/A PC FOR THE SQUIRREL HILL FOOD PANTRY 9,000
    JEWISH FEDERATION OF GREATER PITTSBURGH
    2000 TECHNOLOGY DR
    PITTSBURGH,PA15219     		N/A PC 2020 ANNUAL FUND 40,000
    JEWISH FEDERATION OF GREATER PITTSBURGH
    2000 TECHNOLOGY DR
    PITTSBURGH,PA15219     		N/A PC CLASSROOMS WITHOUT BORDERS VIRTUAL HOLOCAUST AND ISRAEL PROGRAM 10,000
    JEWISH FEDERATION OF GREATER PITTSBURGH
    2000 TECHNOLOGY DR
    PITTSBURGH,PA15219     		N/A PC ORR SHALOM LONE GRADUATES PROGRAM 5,000
    JEWISH FEDERATION OF GREATER PITTSBURGH
    2000 TECHNOLOGY DR
    PITTSBURGH,PA15219     		N/A PC PITTSBURGH-ISRAEL INNOVATION PROGRAM 5,000
    LIBRARY FOUNDATION OF MARTIN COUNTY
    2351 SE MONTEREY RD
    STUART,FL34996     		N/A PC GENERAL OPERATING SUPPORT 1,000
    MARTIN MEMORIAL FOUNDATION
    PO BOX 9033
    STUART,FL34995     		N/A PC GENERAL OPERATING SUPPORT 100
    MOISHE HOUSE
    441 SAXONY ROAD BARN 2
    ENCINITAS,CA92024     		N/A PC FOR MOISHE HOUSE PITTSBURGH PROGRAMS 1,000
    MORSELIFE FOUNDATION
    4847 FRED GLADSTONE DR
    WEST PALM BEACH,FL33417     		N/A PC FOR SENIOR LIFE ENRICHMENT PROGRAMS 40,000
    NEIGHBORHOOD ACADEMY THE
    709 NORTH AIKEN AVE
    PITTSBURGH,PA15206     		N/A PC FOR ARTS EDUCTION PROGRAMS 2,500
    NEW HAZLETT CENTER FOR THE PERFORMING ARTS
    6 ALLEGHENY SQUARE EAST
    PITTSBURGH,PA15212     		N/A PC TO SUPPORT THE KALOPSIA THE MUSICAL 5,000
    NEW SUN RISING
    112 SHERMAN ST
    MILLVALE,PA15209     		N/A PC ARTS EQUITY REIMAGINED GRANTS PROGRAM 150,000
    NORTHERN ISRAEL CENTER FOR ARTS & TECHNOLOGY
    7532 GRAYMORE RD
    PITTSBURGH,PA15221     		N/A PC CAPACITY BUILDING FOR INCREASED SERVICES DEMAND 10,000
    PEER SUPPORT AND ADVOCACY NETWORK
    960 PENN AVE 11TH FLOOR
    PITTSBURGH,PA15222     		N/A PC LEAD PITTSBURGH RESERVE FUND GRANT 7,778
    PITTSBURGH CULTURAL TRUST
    803 LIBERTY AVE
    PITTSBURGH,PA15222     		N/A PC TO SUPPORT COMMUNITY ARTS PROGRAMMING 12,000
    PITTSBURGH FOUNDATION THE
    FIVE PPG PLACE STE 250
    PITTSBURGH,PA15222     		N/A PC COVID-19 EMERGENCY RESPONSE 20,000
    PITTSBURGH GLASS CENTER
    5472 PENN AVE
    PITTSBURGH,PA15206     		N/A PC COVID-19 EMERGENCY OPERATING SUPPORT 7,500
    PITTSBURGH PLAYWRIGHTS THEATRE COMPANY
    1035 IOWA ST
    PITTSBURGH,PA15219     		N/A PC FOR THE 2020-2021 SEASON OF PLAYS 1,000
    PITTSBURGH PUBLIC THEATER
    621 PENN AVE
    PITTSBURGH,PA15222     		N/A PC COVID-19 EMERGENCY OPERATING SUPPORT 10,000
    PITTSBURGH SHAKESPEARE IN THE PARKS
    PO BOX 81775
    PITTSBURGH,PA15217     		N/A PC FOR A FREE PRODUCTION OF CYMBELINE 1,000
    PITTSBURGH SYMPHONY ORCHESTRA
    600 PENN AVE
    PITTSBURGH,PA15222     		N/A PC COVID-19 EMERGENCY OPERATING SUPPORT 10,000
    PLANNED PARENTHOOD OF SOUTH EAST AND NORTH FLORIDA
    2300 NORTH FLORIDA MANGO RD
    WEST PALM BEACH,FL33409     		N/A PC GENERAL OPERATING SUPPORT 1,500
    POISE FOUNDATION
    603 STANWIX ST STE 1700
    PITTSBURGH,PA15222     		N/A PC COVID-19 CRITICAL COMMUNITY NEEDS FUND 10,000
    PRESIDENT AND FELLOWS OF HARVARD COLLEGE
    1033 MASSACHUSETTS AVE STE 3
    CAMBRIDGE,MA02138     		N/A PC FOR HARVARD BUSINESS SCHOOL 1,000
    PRESIDENT AND FELLOWS OF HARVARD COLLEGE
    1033 MASSACHUSETTS AVE STE 3
    CAMBRIDGE,MA02138     		N/A PC FOR HARVARD ART MUSEUMS 3,000
    PRESIDENT AND FELLOWS OF HARVARD COLLEGE
    1033 MASSACHUSETTS AVE STE 3
    CAMBRIDGE,MA02138     		N/A PC GENERAL OPERATING SUPPORT 1,000
    QUANTUM THEATRE
    5907 PENN AVE STE 210
    PITTSBURGH,PA15206     		N/A PC COVID-19 EMERGENCY OPERATING SUPPORT 10,000
    REPAIR THE WORLD
    322 W 52ND ST
    NEW YORK,NY10101     		N/A PC COVID-10 EMERGENCY RESPONSE 4,000
    RIVERVIEW TOWERS DBA THE NEW RIVERVIEW
    52 GARETTA ST
    PITTSBURGH,PA15217     		N/A PC COVID-19 GENERAL OPERATING SUPPORT 10,000
    SAFESPACE
    612 SE DIXIE HWY
    STUART,FL34994     		N/A PC GENERAL OPERATING SUPPORT 1,000
    SANDHILL COVE FOUNDATION INC
    1500 SW CAPRI ST
    PALM CITY,FL34990     		N/A PC GENERAL OPERATING SUPPORT 500
    SQUIRREL HILL HEALTH CENTER
    4516 BROWNS HILL RD
    PITTSBURGH,PA15217     		N/A PC COVID-19 EMERGENCY RESPONSE 5,000
    TEMPLE BEIT HAYAM
    951 SE MONTEREY COMMONS BLVD
    STUART,FL34996     		N/A PC GENERAL OPERATING SUPPORT 3,000
    TICKETS FOR KIDS CHARITIES
    700 BLAW AVE STE 105
    PITTSBURGH,PA15238     		N/A PC CULTURAL ACCESS PROGRAMS FOR YOUTH 500
    TUESDAY MUSICAL GROUP
    STEPHEN FOSTER MEMORIAL
    PITTSBURGH,PA15260     		N/A PC TO EXPAND THE MUSICARE PROGRAM 1,000
    TYKES AND TEENS
    3577 SW CORPORATE PARKWAY
    PALM CITY,FL34990     		N/A PC GENERAL OPERATING SUPPORT 1,000
    UNITED WAY OF MARTIN COUNTY
    10 SE CENTRAL PARKWAY
    STUART,FL34994     		N/A PC GENERAL OPERATING SUPPORT 100
    UNITED WAY OF SOUTHWESTERN PENNSYLVANIA
    1250 PENN AVE
    PITTSBURGH,PA15222     		N/A PC FOR THE IMPACT FUND AND COVID-19 SERVICES 7,500
    UNIVERSITY OF PITTSBURGH
    107 PARK PLAZA 128 NORTH CRAIG ST
    PITTSBURGH,PA15260     		N/A PC RESEARCH IN THE DEPT. OF OPHTHALMOLOGY 433,333
    WQED MULTIMEDIA
    4802 FIFTH AVE
    PITTSBURGH,PA15213     		N/A PC TO SUPPORT A FILM ON VACCINE HESITANCY 2,500
    Total .................................bullet 3a 1,423,754
    bApproved for future payment
    UNIVERSITY OF PITTSBURGH
    107 PARK PLAZA 128 NORTH CRAIG ST
    PITTSBURGH,PA15260     		N/A PC RESEARCH IN THE DEPT. OF OPHTHALMOLOGY 866,667
    Total .................................bullet 3b 866,667
    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 ...........     		    14 3,224  
    4 Dividends and interest from securities....     14 1,316  
    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 8,042  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 12,582 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    12,582
    (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 FINE FOUNDATION
    C/O FFC CAPITAL CORPORATION
    Employer identification number

    25-6335329
    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 FINE FOUNDATION
    C/O FFC CAPITAL CORPORATION         		Employer identification number
    25-6335329
    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
    MILTON FINE REVOCABLE TRUST
     
    625 LIBERTY AVE SUITE 3110
     
    PITTSBURGH, PA15222

    		$ 306,190


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    MILTON FINE 2000 CHARITABLE LEAD ANNUITY TRUST
     
    625 LIBERTY AVENUE SUITE 3110
     
    PITTSBURGH, PA15222

    		$ 939,634


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

    		$  


    (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.)
    (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 FINE FOUNDATION
    C/O FFC CAPITAL CORPORATION         		Employer identification number

    25-6335329
    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 FINE FOUNDATION
    C/O FFC CAPITAL CORPORATION         		Employer identification number

    25-6335329
    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 AccountingFeesSchedule
    Name:
    THE FINE FOUNDATION
     
    C/O FFC CAPITAL CORPORATION
    EIN:
    25-6335329
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEE 11,896 2,974   8,922

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

    TY 2020 DepreciationSchedule
    Name:
    THE FINE FOUNDATION
     
    C/O FFC CAPITAL CORPORATION
    EIN:
    25-6335329
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    FURNITURE & FIXTURES   14,072 10,628   0 % 0 0    

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE FINE FOUNDATION
     
    C/O FFC CAPITAL CORPORATION
    EIN:
    25-6335329
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    956.302 SHS DFA INTERNATIONAL SMALL COMPANY AT COST 17,569 19,394

    TY 2020 LandEtcSchedule2
    Name:
    THE FINE FOUNDATION
     
    C/O FFC CAPITAL CORPORATION
    EIN:
    25-6335329
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE & FIXTURES 14,072 10,628 3,444 3,444


    TY 2020 LegalFeesSchedule
    Name:
    THE FINE FOUNDATION
     
    C/O FFC CAPITAL CORPORATION
    EIN:
    25-6335329
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL SERVICES 12,232 1,957   10,275


    TY 2020 OtherExpensesSchedule
    Name:
    THE FINE FOUNDATION
     
    C/O FFC CAPITAL CORPORATION
    EIN:
    25-6335329
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EDUCATION EXPENSE 14,072 0   14,072
    PARKING & TOLLS 3 0   3
    DUES & MEMBERSHIP 3,604 0   3,604
    POSTAGE 269 0   269
    COMPUTER SUPPORT 4,375 0   4,375
    INSURANCE EXPENSE 5,160 0   5,160
    PAYROLL PROCESSING 2,061 0   2,061
    WORKERS COMP INSURANCE 858 0   858
    MEALS & ENTERTAINMENT 191 0   191


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE FINE FOUNDATION
     
    C/O FFC CAPITAL CORPORATION
    EIN:
    25-6335329
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE CONSULTING 1,718 344   1,374
    INVESTMENT MANAGEMENT FEES 692 692   0


    TY 2020 TaxesSchedule
    Name:
    THE FINE FOUNDATION
     
    C/O FFC CAPITAL CORPORATION
    EIN:
    25-6335329
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER TAXES 2,746 0   0