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 Onion Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)414 Hardscrabble Road
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wayne, ME04284
A Employer identification number

47-1289795
B Telephone number (see instructions)

(207) 636-7353
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$13,942,760J 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) 4,800,000
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 144,148 144,148  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,182,324
b Gross sales price for all assets on line 6a 2,521,493
7 Capital gain net income (from Part IV, line 2)... 1,182,324
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 21,223 17,729  
12 Total. Add lines 1 through 11........ 6,147,695 1,344,201  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 115,732 0   115,732
15 Pension plans, employee benefits....... 47,562 0   47,562
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 12,725 6,363   6,362
c Other professional fees (attach schedule).... Click to see attachment 79,643 74,318   5,325
17 Interest............... 12 0   12
18 Taxes (attach schedule) (see instructions)... Click to see attachment 32,738 2,738   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 25,902 0   25,902
21 Travel, conferences, and meetings....... 3,275 0   3,275
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 15,214 0   14,714
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 332,803 83,419   218,884
25 Contributions, gifts, grants paid....... 3,411,874 3,411,874
26 Total expenses and disbursements. Add lines 24 and 25 3,744,677 83,419   3,630,758
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,403,018
b Net investment income (if negative, enter -0-) 1,260,782
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............. 87,395 296,743 296,743
2 Savings and temporary cash investments......... 456,162 1,373,354 1,373,354
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   1,101    
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)....... 8,945,011 Click to see attachment10,071,220 10,071,220
c Investments—corporate bonds (attach schedule)....... 1,103,466 Click to see attachment1,360,522 1,360,522
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 621,763 Click to see attachment840,921 840,921
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,214,898 13,942,760 13,942,760
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) Click to see attachment788 Click to see attachment819
23 Total liabilities (add lines 17 through 22)......... 788 819
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 11,214,110 13,941,941
29 Total net assets or fund balances (see instructions)..... 11,214,110 13,941,941
30 Total liabilities and net assets/fund balances (see instructions). 11,214,898 13,942,760
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
11,214,110
2
Enter amount from Part I, line 27a .....................
2
2,403,018
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
324,813
4
Add lines 1, 2, and 3 ..........................
4
13,941,941
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
13,941,941
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 P    
b Pass-through from Partnership Interests P    
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 2,504,105   1,339,169 1,164,936
b 5,735     5,735
c 11,653     11,653
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       1,164,936
b       5,735
c       11,653
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 1,182,324
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 17,525
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 17,525
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 17,525
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 25,063
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 35,063
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 17,538
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet17,538 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletME
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.onionfoundation.org
    14
    The books are in care ofbulletFrederick Onion Telephone no.bullet (207) 636-7353

    Located atbullet414 Hardscrabble RoadWayneME ZIP+4bullet04284
    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
    Frederick Onion Co-Director
    1.00     		0 0 0
    414 Hardscrabble Road
    Wayne,ME04284
    Susan Onion Co-Director
    1.00     		0 0 0
    414 Hardscrabble Road
    Wayne,ME04284
    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
    Dana T Kidder Program Officer
    40.00     		67,601 4,056 0
    152 Tappan Farm Road
    Winthrop,ME04364
    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
    Crewe Advisors Investment Advisory 74,318
    136 E South Temple Suite 2400
    Salt Lake City,UT841111185
    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
    9,132,093
    b
    Average of monthly cash balances.......................
    1b
    1,719,036
    c
    Fair market value of all other assets (see instructions)................
    1c
    840,921
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,692,050
    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
    11,692,050
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    175,381
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,516,669
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    575,833
    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
    575,833
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    17,525
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    17,525
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    558,308
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    558,308
    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
    558,308
    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
    3,630,758
    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
    3,630,758
    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
    3,630,758
    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 7 558,308
    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......  
    b From 2016...... 198,731
    c From 2017...... 145,777
    d From 2018...... 315,238
    e From 2019...... 1,483,065
    fTotal of lines 3a through e........ 2,142,811
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 3,630,758
    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)........     		Click to see attachment558,308
    d Applied to 2020 distributable amount..... 558,308
    e Remaining amount distributed out of corpus 2,514,142
    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 5,215,261
    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) .......     		4,800,000
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		415,261
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 415,261
    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).)
    Frederick Onion
    Susan Onion
    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:
    The Onion Foundation
    2 Great Falls Plaza Box 7
    Auburn,ME04210
    (207) 513-1432
    info@onionfoundation.org
    bThe form in which applications should be submitted and information and materials they should include:
    To submit an application, applicants may go to the Foundation's online grant portal to set up an account. Onion Foundation Spring/Fall Cycle Grants are intended to support organizations or projects that align with the Foundation's mission priority areas of Arts & Environment within the state of Maine. In 2021 the Onion Foundation is giving organizations the option of requesting general operating funds based on the experiences of our nonprofit partners. If an organization's work is entirely in either the arts or environment sectors and aligns with the Foundation's priorities, an applicant may request general operating support. If an organization's work is in support of a broader mission and the arts and environment are only a part of an applicant's programming, an organization may request project/program support. The Foundation evaluates an organization's proposal just on the information requested through the application form.
    cAny submission deadlines:
    Applications for this year's Cycle are due September 30, 2021, and March 2, 2022.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    To apply for and receive a grant your organization must be a 501(c)(3) public charity as designated by the IRS, operating under a fiscal sponsor who is a qualified 501(c)(3) public charity, a public education institution, or a Maine municipality. The organization and/or the project must be based in Maine and focused on benefitting Maine's people; the Foundation will also typically only award grants to organizations that align with the Foundation's mission and values. Grant recipients are required to report progress on their projects. Spring & Fall Cycle Grants range between $5,000 and $20,000. Organizations are eligible to receive one Spring or Fall grant per calendar year.
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    The Onion Foundation
    2 Great Falls Plaza Box 7
    Auburn,ME04210
    (207) 513-1432
    info@onionfoundation.org
    bThe form in which applications should be submitted and information and materials they should include:
    To submit an application, applicants may go to the Foundation's online grant portal to set up an account. The Onion Foundation's Discovery grants are intended for small scale projects in the arts or environment that align with the mission and priorities of the Foundation. The goal is to spark something new and independent from the day-to-day functions of an organization, and to give leaders a chance to try out an idea. The Foundation evaluates an organization's proposal just on the information we request through our application form. Additional materials will not be considered.
    cAny submission deadlines:
    Open from January to November with decisions made on a rolling basis.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    To apply for and receive a grant, an organization must be a 501(c)(3) public charity as designated by the IRS, operating under a fiscal sponsor who is a qualified 501(c)(3) public charity, a public education institution, or a Maine municipality. The organization and/or the project must be based in Maine and focused on benefitting Maine's people; the Foundation will only award grants to organizations that align with the Foundation's mission and values. Grant recipients are required to report progress on their projects. Discovery Grant Projects must: be a new project; not yet started; respond to an unforeseen challenge or opportunity; promote development, equity, inclusion, diversity, and justice; be small in scale; start and end within the next year; and address specific community needs and benefits.
    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
    240 Strings
    PO Box 10193
    Portland,ME041019998     		N/A PC General Purpose 15,000
    30 Mile River Watershed Association
    PO Box 132
    Mt Vernon,ME04352     		N/A PC General Purpose 21,000
    317 Main Community Music Center
    317 Main Street
    Yarmouth,ME04096     		N/A PC General Purpose 31,000
    A Company of Girls
    PO Box 7527
    Portland,ME04112     		N/A PC General Purpose 21,000
    Abbe Museum
    PO Box 286
    Bar Harbor,ME04609     		N/A PC General Purpose 11,500
    Acorn Productions
    PO Box 4644
    Portland,ME04112     		N/A PC General Purpose 5,000
    Albiston Foundation
    6027 Village on the Green 130
    Carrabassett Valley,ME04947     		N/A PC General Purpose 5,000
    Amanda C Rowe Elementary School
    23 Orono Road
    Portland,ME04102     		N/A GOV General Purpose 500
    Androscoggin Land Trust
    86 Main Street PO Box 3145
    Auburn,ME04212     		N/A PC General Purpose 12,500
    Apex Youth Connection
    PO Box 783
    Biddeford,ME04005     		N/A PC General Purpose 21,000
    Appalachian Mountain Club
    10 City Square
    Boston,MA02129     		N/A PC General Purpose 20,000
    Aroostook Arts and Education Center (dba Wintergreen Arts Center)
    830 Main Street PO Box 1252
    Presque Isle,ME04769     		N/A PC General Purpose 18,500
    Arts Farmington
    PO Box 325
    Farmington,ME04938     		N/A PC General Purpose 1,000
    ArtVan
    10 State Road PMB 272
    Bath,ME04530     		N/A PC General Purpose 46,000
    Bangor School Department
    73 Harlow Street
    Bangor,ME04401     		N/A GOV General Purpose 800
    Bangor Symphony Orchestra
    PO Box 1441
    Bangor,ME044021441     		N/A PC General Purpose 20,000
    Bar Harbor Music Festival
    59 Cottage Street 2nd Floor
    Bar Harbor,ME04609     		N/A PC General Purpose 5,000
    Bay Chamber Concerts
    PO Box 599
    Rockport,ME04856     		N/A PC General Purpose 22,500
    Belfast Bay Watershed Coalition
    PO Box 152
    Belfast,ME04915     		N/A PC General Purpose 5,000
    Bethel Area Arts and Music
    PO Box 534
    Bethel,ME04217     		N/A PC General Purpose 10,000
    Bicycle Coalition of Maine
    38 Diamond Street
    Portland,ME04101     		N/A PC General Purpose 16,000
    Bigelow Laboratory for Ocean Sciences
    60 Bigelow Drive
    East Boothbay,ME04544     		N/A PC General Purpose 12,500
    Blue Hill Concert Association
    PO Box 140
    Blue Hill,ME04614     		N/A PC General Purpose 6,000
    Blue Hill Heritage Trust
    PO Box 222
    Blue Hill,ME04614     		N/A PC General Purpose 30,000
    Boothbay Sea and Science Center
    PO Box 332
    East Boothbay,ME04544     		N/A PC General Purpose 17,500
    Bowdoin International Music Festival
    6300 College Station
    Brunswick,ME04011     		N/A PC General Purpose 17,500
    Boys & Girls Clubs of Southern Maine
    PO Box 7830
    Portland,ME04112     		N/A PC General Purpose 11,000
    Brunswick-Topsham Land Trust
    179 Neptune Drive Suite 200
    Brunswick,ME04011     		N/A PC General Purpose 21,000
    Bucksport High School Library (RSU 25)
    102 Broadway
    Bucksport,ME04416     		N/A GOV General Purpose 800
    Camp Ketcha
    336 Black Point Road
    Scarborough,ME04074     		N/A PC General Purpose 23,500
    Campaign Earth
    PO Box 7672
    Cape Porpoise,ME04014     		N/A PC General Purpose 7,500
    Cathance River Education Alliance
    PO Box 187
    Topsham,ME04086     		N/A PC General Purpose 15,000
    Celebration Barn Theater
    190 Stock Farm Road
    South Paris,ME04281     		N/A PC General Purpose 23,500
    Center for an Ecology Based Economy
    447 Main Street
    Norway,ME04268     		N/A PC General Purpose 3,500
    Center for Community GIS
    730 Ash Street
    Denver,CO80220     		N/A PC General Purpose 1,000
    Center for Maine Contemporary Art
    PO Box 1767 21 Winter Street
    Rockland,ME04841     		N/A PC General Purpose 11,000
    Chesterville Center Union Meeting House Inc
    72 Dutch Gap Road
    Chesterville,ME04938     		N/A PC General Purpose 2,500
    Chewonki Foundation
    485 Chewonki Neck Road
    Wiscasset,ME04578     		N/A PC General Purpose 15,000
    Children's Museum & Theatre of Maine
    142 Free Street PO Box 4041
    Portland,ME04101     		N/A PC General Purpose 1,000
    China Primary School
    763 Lakeview Drive
    South China,ME04358     		N/A GOV General Purpose 800
    Coastal Mountains Land Trust
    101 Mt Battie Street
    Camden,ME04843     		N/A PC General Purpose 28,500
    Coastal Rivers Conservation Trust
    PO Box 333
    Damariscotta,ME04543     		N/A PC General Purpose 18,000
    Cobbossee Water District
    167 Main Street
    Winthrop,ME04364     		N/A GOV General Purpose 10,000
    Cobscook Community Learning Center (dba Cobscook Institute)
    10 Commissary Point Road
    Trescott Twp,ME04652     		N/A PC General Purpose 12,500
    Continuum Arts Collective
    76 Lower Main Street
    North Berwick,ME03906     		N/A PC General Purpose 20,000
    Creative Portland
    84 Free Street
    Portland,ME04101     		N/A PC General Purpose 14,000
    Crowbait Club
    PO Box 1845
    Portland,ME04104     		N/A PC General Purpose 2,950
    Cultivating Community
    PO Box 3792 58 Boyd Street
    Portland,ME04104     		N/A PC General Purpose 26,000
    Cultural Resources Inc
    PO Box 1175
    Rockport,ME04856     		N/A PC General Purpose 6,000
    Deer Isle Adult & Community Education (CSD #13 Deer Isle-Stonington)
    249 North Deer Isle Road
    Deer Isle,ME04627     		N/A GOV General Purpose 7,000
    Denmark Arts Center
    50 West Main Street PO Box 813
    Denmark,ME04022     		N/A PC General Purpose 10,000
    Down East Family YMCA
    238 State Street
    Ellsworth,ME04605     		N/A PC General Purpose 7,500
    Downeast Coastal Conservancy
    6 Colonial Way Suite 3
    Machias,ME04654     		N/A PC General Purpose 10,000
    Downeast Institute for Applied Marine Research and Education
    PO Box 83 39 Wildflower Lane
    Beals,ME04611     		N/A PC General Purpose 16,000
    Downeast Lakes Land Trust
    4 Water Street
    Grand Lake Stream,ME04668     		N/A PC General Purpose 14,000
    East Coast Greenway Alliance
    5826 Fayetteville Road 210
    Durham,NC27713     		N/A PC General Purpose 21,000
    Eastport Arts Center
    POBox 153 36 Washington St
    Eastport,ME04631     		N/A PC General Purpose 23,500
    Ellsworth Community Music Institute
    PO Box 56
    Ellsworth,ME04605     		N/A PC General Purpose 12,500
    Engine Inc
    163 Main Street PO Box 1681
    Biddeford,ME04005     		N/A PC General Purpose 17,500
    Falmouth Land Trust
    PO box 6172
    Falmouth,ME04105     		N/A PC General Purpose 5,000
    Fit Girls of Wilton Maine
    PO Box 493
    Wilton,ME04294     		N/A PC General Purpose 3,000
    Francis Small Heritage Trust
    PO Box 414
    Limerick,ME04048     		N/A PC General Purpose 10,000
    Frenchman Bay Conservancy
    PO Box 150 72 Tidal Falls Road
    Hancock,ME04640     		N/A PC General Purpose 20,000
    Friends of Baxter State Park
    PO Box 322
    Belfast,ME04915     		N/A PC General Purpose 20,000
    Friends of Katahdin Woods & Waters
    PO Box 18177
    Portland,ME04112     		N/A PC General Purpose 15,000
    Friends of LCBates Museum
    14 Easler Road PO Box 159
    Hinckley,ME04944     		N/A PC General Purpose 2,550
    Friends of the Cobbossee Watershed
    PO Box 206
    East Winthrop,ME04343     		N/A PC General Purpose 28,500
    From the Top
    140 Clarendon Street Suite 301
    Boston,MA02116     		N/A PC General Purpose 11,000
    Frontier Studios
    14 Maine Street Box 20
    Brunswick,ME04011     		N/A PC General Purpose 3,000
    Gateway Community Services of Maine
    501 Forest Avenue
    Portland,ME04101     		N/A PC General Purpose 10,000
    Gateway Milbridge
    PO Box 62 26 Main Street
    Milbridge,ME04658     		N/A PC General Purpose 5,000
    Georges River Land Trust
    8 North Main Street
    Rockland,ME04841     		N/A PC General Purpose 26,000
    Girls on the Run Maine
    1 Karen Drive Suite 3A
    Westbrook,ME04092     		N/A PC General Purpose 3,500
    Great Works Regional Land Trust
    PO Box 151
    South Berwick,ME03908     		N/A PC General Purpose 13,500
    Greater Lovell Land Trust
    PO Box 225
    Lovell,ME04051     		N/A PC General Purpose 15,000
    Greater Portland Immigrant Welcome Center
    24 Preble Street 3rd Floor
    Portland,ME04101     		N/A PC General Purpose 1,000
    Growing to Give
    30 East Coxon Road
    Brunswick,ME04011     		N/A PC General Purpose 7,500
    GrowSmart Maine
    227 Water Street Suite 215
    Augusta,ME04330     		N/A PC General Purpose 1,000
    Gulf of Maine Research Institute
    350 Commercial Street
    Portland,ME04101     		N/A PC General Purpose 16,000
    Healthy Acadia
    140 State Street
    Ellsworth,ME04605     		N/A PC General Purpose 18,500
    Hearty Roots
    PO Box 302
    Bristol,ME04539     		N/A PC General Purpose 2,500
    Hermon Middle School
    PO Box 282
    Monson,ME04464     		N/A GOV General Purpose 800
    Herring Gut Learning Center
    PO Box 286
    Port Clyde,ME04855     		N/A PC General Purpose 17,500
    High Peaks Alliance
    13 Fogg Road
    Readfield,ME04355     		N/A PC General Purpose 12,500
    Hirundo Wildlife Trust
    PO Box 266
    Orono,ME04473     		N/A PC General Purpose 10,000
    HOME Inc
    PO Box 10
    Orland,ME04472     		N/A PC General Purpose 1,000
    Illustration Institute
    2 Union Street Suite 400
    Portland,ME04108     		N/A PC General Purpose 10,000
    Independence Association
    3 Industrial Parkway
    Brunswick,ME04011     		N/A PC General Purpose 6,000
    Indigo Arts Alliance
    60 Cove Street
    Portland,ME04101     		N/A PC General Purpose 26,000
    Inland Woods Trails
    PO Box 572
    Bethel,ME04217     		N/A PC General Purpose 30,000
    Inquiring Systems Inc
    887 Sonoma Avenue 23
    Santa Rosa,CA95404     		N/A PC General Purpose 1,000
    Island Readers and Writers (An Initiative for Maine Children)
    PO Box 227
    Mount Desert,ME04660     		N/A PC General Purpose 11,000
    Johnson Hall Inc
    PO Box 777 280 Water Street
    Gardiner,ME04345     		N/A PC General Purpose 20,000
    Kennebec Estuary Land Trust
    PO Box 1128
    Bath,ME04530     		N/A PC General Purpose 48,500
    Kennebec Land Trust
    331 Main Street PO Box 261
    Winthrop,ME04284     		N/A PC General Purpose 20,000
    LA Arts
    221 Lisbon Street
    Lewiston,ME04240     		N/A PC General Purpose 15,000
    LA Public Theatre Inc (dba The Public Theatre)
    31 Maple Street
    Lewiston,ME04240     		N/A PC General Purpose 20,000
    Lake Stewards of Maine
    24 Maple Hill Road
    Auburn,ME04210     		N/A PC General Purpose 25,000
    Lakes Environmental Association
    230 Main Street
    Bridgton,ME04009     		N/A PC General Purpose 15,000
    Laudholm Trust
    342 Laudholm Farm Road
    Wells,ME04090     		N/A PC General Purpose 16,000
    Leaps of Imagination Inc
    PO Box 843
    Rockport,ME04856     		N/A PC General Purpose 2,500
    Loon Echo Land Trust
    8 Depot Street Suite 4
    Bridgton,ME04009     		N/A PC General Purpose 22,500
    Mahoosuc Land Trust
    PO Box 981
    Bethel,ME04217     		N/A PC General Purpose 8,250
    Main Street Skowhegan
    48 Court Street
    Skowhegan,ME04976     		N/A PC General Purpose 10,000
    Maine Academy of Modern Music
    14 125 Presumpscot Street
    Portland,ME04103     		N/A PC General Purpose 26,000
    Maine Adaptive Sports & Recreation
    8 Sundance Lane
    Newry,ME04261     		N/A PC General Purpose 21,000
    Maine Appalachian Trail Club Inc
    PO Box 7564
    Portland,ME04112     		N/A PC General Purpose 20,000
    Maine Association of Conservation Districts
    PO Box 541
    Portland,ME04112     		N/A PC General Purpose 5,000
    Maine Association of Nonprofits
    565 Congress Street
    Portland,ME04101     		N/A PC General Purpose 105,000
    Maine Audubon
    20 Gilsland Farm Road
    Falmouth,ME04105     		N/A PC General Purpose 39,375
    Maine College of Art
    522 Congress Street
    Portland,ME04101     		N/A PC General Purpose 15,000
    Maine Community Integration
    265 Lisbon Street Suite 2
    Lewiston,ME04240     		N/A PC General Purpose 10,900
    Maine Conservation Alliance
    Olde Federal Building 295 Water
    Street Suite 9
    Augusta,ME04330     		N/A PC General Purpose 22,500
    Maine Crafts Association
    PO Box 342
    Gardiner,ME04345     		N/A PC General Purpose 15,000
    Maine Development Foundation
    2 Beech Street Suite 203
    Hallowell,ME04347     		N/A PC General Purpose 20,000
    Maine Environmental Education Association
    31 Woodside Road
    Brunswick,ME04011     		N/A PC General Purpose 76,000
    Maine Farmland Trust
    97 Main Street
    Belfast,ME04915     		N/A PC General Purpose 11,000
    Maine Humanities Council
    674 Brighton Avenue
    Portland,ME04102     		N/A PC General Purpose 7,500
    Maine Huts & Trails
    496C Main Street
    Kingfield,ME04947     		N/A PC General Purpose 1,000
    Maine Jewish Film Festival
    PO box 7465
    Portland,ME04112     		N/A PC General Purpose 8,500
    Maine Lakes Society
    PO Box 447
    Belgrade Lakes,ME04918     		N/A PC General Purpose 21,000
    Maine Math and Science Alliance
    PO Box 2246
    Augusta,ME04338     		N/A PC General Purpose 36,000
    Maine Mountain Collaborative
    45 Exchange Street Suite 303
    Portland,ME04101     		N/A PC General Purpose 3,049
    Maine Organic Farmers and Gardeners Association (MOFGA)
    PO Box 170
    Unity,ME04988     		N/A PC General Purpose 36,000
    Maine Philanthropy Center
    USM Glickman Family Library Room
    321 314 Forest Avenue
    Portland,ME04101     		N/A PC General Purpose 21,000
    Maine Public Broadcasting Corporation (dba Maine Public)
    1450 Lisbon Street
    Lewiston,ME04240     		N/A PC General Purpose 16,000
    Maine Rivers
    PO Box 782
    Yarmouth,ME04096     		N/A PC General Purpose 2,500
    Maine State Ballet
    348 US Route One
    Falmouth,ME04105     		N/A PC General Purpose 14,000
    Maine State Music Theatre
    22 Elm Street
    Brunswick,ME04011     		N/A PC General Purpose 6,000
    Maine Transgender Network Inc
    511 Congress Street 107
    Portland,ME04101     		N/A PC General Purpose 1,500
    Maine TREE Foundation
    535 Civic Center Drive
    Augusta,ME04330     		N/A PC General Purpose 6,000
    Maine Woods Forever
    PO Box 512
    Oakland,ME04963     		N/A PC General Purpose 2,500
    Maine-Wabanaki REACH
    13 Loop Road
    Indian Island,ME04468     		N/A PC General Purpose 5,000
    Mano en Mano
    PO Box 573
    Milbridge,ME04658     		N/A PC General Purpose 2,500
    Mayo Street Arts
    10 Mayo Street
    Portland,ME04101     		N/A PC General Purpose 21,000
    Medical Care Development Inc
    11 Parkwood Drive
    Augusta,ME04330     		N/A PC General Purpose 18,500
    Merryspring Nature Center
    30 Conway Road
    Camden,ME04843     		N/A PC General Purpose 12,000
    Messalonskee High School
    131 Messalonskee High Drive
    Oakland,ME04963     		N/A GOV General Purpose 800
    Midcoast Conservancy
    290 US Route 1 PO Box 439
    Edgecomb,ME045560439     		N/A PC General Purpose 26,000
    Midcoast Symphony Orchestra
    PO Box 86
    Brunswick,ME04011     		N/A PC General Purpose 1,000
    Millinocket Memorial Library
    5 Maine Avenue
    Millinocket,ME04462     		N/A GOV General Purpose 12,500
    Mount Desert Island Biological Laboratory
    159 Old Bar Harbor Road PO Box 35
    Salisbury Cove,ME04672     		N/A PC General Purpose 2,500
    My Place Teen Center
    755 Main Street
    Westbrook,ME040923416     		N/A PC General Purpose 20,000
    Natural Resources Council of Maine
    3 Wade Street
    Augusta,ME04330     		N/A PC General Purpose 10,000
    New Beginnings
    134 College Street
    Lewiston,ME04240     		N/A PC General Purpose 2,500
    New England Arab American Organization - NEAAO
    426 Bridge Street
    Westbrook,ME04092     		N/A PC General Purpose 5,000
    New England Forestry Foundation Inc
    32 Foster Street PO Box 1346
    Littleton,MA01460     		N/A PC General Purpose 15,000
    New England Grassroots Environment Fund
    PO Box 611
    Newmarket,NH03857     		N/A PC General Purpose 115,000
    New Learning Journey
    700 Bragg Hill Road
    Fayston,VT05673     		N/A PC General Purpose 10,000
    Northern Forest Canoe Trail
    PO Box 565
    Waitsfield,VT05673     		N/A PC General Purpose 5,000
    Opera House Arts
    PO Box 56
    Stonington,ME046810436     		N/A PC General Purpose 13,500
    Oratorio Chorale
    PO Box 7259
    Portland,ME04112     		N/A PC General Purpose 22,000
    Outdoor Afro
    2323 Broadway
    Oakland,CA94612     		N/A PC General Purpose 2,500
    Outdoor Sport Institute
    175 Aroostook Avenue
    Millinocket,ME04462     		N/A PC General Purpose 20,000
    Palaver Strings
    45 Exchange Street 300E
    Portland,ME04101     		N/A PC General Purpose 23,500
    Pemetic Elementary School
    327 Main Street
    Southwest Harbor,ME04679     		N/A GOV General Purpose 800
    Penobscot River Paddling Trail
    460 Ferry Road
    Saco,ME04072     		N/A PC General Purpose 1,000
    Penobscot Theatre Company
    131 Main Street
    Bangor,ME04401     		N/A PC General Purpose 12,500
    Phippsburg Elementary School
    1047 Main Road
    Phippsburg,ME04562     		N/A GOV General Purpose 800
    Pihcintu
    36 Emerson Drive
    Windham,ME04062     		N/A PC General Purpose 15,000
    Portland Chamber Music Festival
    PO Box 15385
    Portland,ME04112     		N/A PC General Purpose 12,500
    Portland Museum of Art
    Seven Congress Square
    Portland,ME04101     		N/A PC General Purpose 20,000
    Portland Ovations
    PO Box 17573
    Portland,ME04112     		N/A PC General Purpose 31,000
    Portland Stage
    PO Box 1458
    Portland,ME04104     		N/A PC General Purpose 31,000
    Portland Symphony Orchestra
    50 Monument Square 2nd Floor
    Portland,ME04101     		N/A PC General Purpose 31,000
    Portland Trails
    305 Commercial Street
    Portland,ME04101     		N/A PC General Purpose 15,000
    Portland Youth Theater (dba STAGES Youth Theater)
    202 Woodford Street
    Portland,ME04103     		N/A PC General Purpose 12,500
    President and Trustees of Bates College
    2 Andrews Road
    Lewiston,ME04240     		N/A PC General Purpose 23,500
    Presumpscot Regional Land Trust
    PO Box 33
    Gorham,ME04083     		N/A PC General Purpose 5,000
    Quebec-Labrador Foundation
    4 South Main Street
    Ipswich,MA01938     		N/A PC General Purpose 16,000
    Rangeley Friends of the Arts
    2493 Main Street PO Box 333
    Rangeley,ME04970     		N/A PC General Purpose 11,000
    Rangeley Lakes Heritage Trust
    2424 Main Street
    Rangeley,ME04970     		N/A PC General Purpose 20,000
    Resilience Hub
    204 Main Street
    Bowdoinham,ME04008     		N/A PC General Purpose 1,000
    Resources for Organizing Social Change
    PO Box 2444
    Augusta,ME04338     		N/A PC General Purpose 5,000
    Restorative Justice Institute of Maine
    142 High Street Suite 315
    Portland,ME04101     		N/A PC General Purpose 1,500
    ReTreeUS
    4 Dow Road
    Sandwich,NH03227     		N/A PC General Purpose 19,300
    Rippleffect
    PO Box 441
    Portland,ME04112     		N/A PC General Purpose 21,000
    ROiL dba Maine Inside Out
    PO Box 15168
    Portland,ME04112     		N/A PC General Purpose 7,500
    Rural Community Action Ministry
    81 Church Hill Road
    Leeds,ME04263     		N/A PC General Purpose 5,000
    Saco River Theatre
    PO Box 661 29 Salmon Falls Road
    Bar Mills,ME04004     		N/A PC General Purpose 11,000
    SailMaine
    PO Box 574
    Portland,ME04112     		N/A PC General Purpose 17,500
    Salt Bay Chamberfest
    PO Box 1268
    Damariscotta,ME04543     		N/A PC General Purpose 5,000
    Sanford Springvale Mousam Way Land Trust
    917 Main Street Suite B
    Sanford,ME040733568     		N/A PC General Purpose 5,000
    Schoodic Arts for All
    427 Main Street PO Box 174
    Winter Harbor,ME04693     		N/A PC General Purpose 33,500
    Schoodic Institute at Acadia National Park
    PO Box 277
    Winter Harbor,ME04693     		N/A PC General Purpose 15,000
    SeedMoney
    3 Powderhorn Drive
    Scarborough,ME04074     		N/A PC General Purpose 10,000
    Snow Pond Center for the Arts
    8 Goldenrod Lane
    Sidney,ME04330     		N/A PC General Purpose 1,000
    Somali Bantu Community Association of Maine
    145 Pierce Street Suite 101
    Lewiston,ME04240     		N/A PC General Purpose 22,500
    Southern Maine Conservation Collaborative
    217 Commercial Street Suite 302
    Portland,ME04108     		N/A PC General Purpose 20,500
    Southern Maine Workers Center
    56 North Street Suite 100
    Portland,ME04101     		N/A PC General Purpose 2,500
    SPACE Gallery
    538 Congress Street
    Portland,ME04101     		N/A PC General Purpose 22,000
    Speak About It
    PO Box 4408
    Portland,ME04101     		N/A PC General Purpose 1,500
    St Mary's Nutrition Center (St Mary's Regional Medical Center)
    PO Box 7291
    Lewiston,ME04243     		N/A PC General Purpose 22,500
    State of Maine Governor's Office of Policy Innovation & the Future
    111 Sewall Street 3rd Floor 181
    State House Station
    Augusta,ME04333     		N/A GOV General Purpose 100,000
    Sunrise County Economic Council
    7 Ames Way
    Machias,ME04654     		N/A PC General Purpose 11,000
    Teens to Trails
    179 Neptune Drive Suite 300
    Brunswick,ME04011     		N/A PC General Purpose 18,500
    The Art Loft
    PO Box 1023
    Rockport,ME04856     		N/A PC General Purpose 7,500
    The Cedars
    630 Ocean Avenue
    Portland,ME04103     		N/A PC General Purpose 10,000
    The Dance Hall
    7 Walker Street PO Box 691
    Kittery,ME03904     		N/A PC General Purpose 2,500
    The Ecology School
    184 Simpson Road River Bend Farm
    Saco,ME04072     		N/A PC General Purpose 21,000
    The Locker Project
    PO Box 3134
    Portland,ME04104     		N/A PC General Purpose 1,000
    The Nature Conservancy
    14 Maine Street Suite 401
    Brunswick,ME04011     		N/A PC General Purpose 15,000
    The Telling Room
    225 Commercial Street Suite 201
    Portland,ME04101     		N/A PC General Purpose 5,000
    The Theater Project
    14 School Street
    Brunswick,ME04011     		N/A PC General Purpose 6,000
    Theater at Monmouth
    PO Box 385 796 Main Street
    Monmouth,ME042590385     		N/A PC General Purpose 35,000
    Three Rivers Land Trust
    PO Box 295
    Alfred,ME04002     		N/A PC General Purpose 10,000
    Timelines Community Inc
    PO Box 11 37 Gordon Hill Road
    Thorndike,ME04986     		N/A PC General Purpose 1,000
    Tree Street Youth
    144 Howe Street
    Lewiston,ME04243     		N/A PC General Purpose 26,000
    Trekkers
    325 Old County Road
    Rockland,ME04841     		N/A PC General Purpose 20,000
    Troy Howard Middle School
    173 Lincolnville Avenue
    Belfast,ME04915     		N/A GOV General Purpose 400
    Twin Villages Foodbank Farm
    PO Box 333
    Damariscotta,ME04543     		N/A PC General Purpose 1,000
    Unity Barn Raisers
    PO Box 381
    Unity,ME04988     		N/A PC General Purpose 17,500
    University of Maine Foundation
    Two Alumni Place
    Orono,ME04469     		N/A PC General Purpose 2,500
    University of Maine System
    5717 Corbett Hall Office of
    Research Administration
    Orono,ME044695717     		N/A PC General Purpose 35,000
    University of New England Art Galleries
    UNE Art Gallery 716 Stevens Avenue
    Portland,ME04103     		N/A PC General Purpose 5,000
    USM Student Senate WMPG Radio
    96 Falmouth Street
    Portland,ME04104     		N/A PC General Purpose 3,500
    Veggies to Table
    4 Mills Road 47
    Newcastle,ME04553     		N/A PC General Purpose 12,500
    Waldo County Trails Coalition
    PO Box 381
    Unity,ME04988     		N/A PC General Purpose 2,500
    Waterfall Arts
    256 High Street
    Belfast,ME04915     		N/A PC General Purpose 27,500
    Waterman's Community Center
    12 Main Street PO Box 526
    North Haven,ME04853     		N/A PC General Purpose 14,500
    Watershed Center for the Ceramic Arts
    103 Cochran Road
    Edgecomb,ME04556     		N/A PC General Purpose 7,500
    Waterville Creates
    10 Water Street Suite 106
    Waterville,ME04901     		N/A PC General Purpose 5,000
    Wayfinder Schools
    PO Box 555 79 Washington Street
    Camden,ME04843     		N/A PC General Purpose 5,000
    WCARC
    PO Box 84 26 Hadley Lake Road
    Machias,ME04654     		N/A PC General Purpose 1,000
    Western Foothills Land Trust
    PO Box 107 445 Main Street
    Norway,ME04268     		N/A PC General Purpose 13,500
    White Pine Programs
    PO Box 802
    York,ME03909     		N/A PC General Purpose 21,000
    WhyHunger
    505 Eighth Avenue Suite 2100
    New York,NY10018     		N/A PC General Purpose 12,500
    William A Farnsworth Library and Art Museum (Farnsworth Art Museum)
    16 Museum Street
    Rockland,ME04841     		N/A PC General Purpose 20,000
    WinterKids
    506 Main Street Suite 10
    Westbrook,ME04092     		N/A PC General Purpose 22,500
    Wolfe's Neck Center for Agriculture & the Environment
    184 Burnett Road
    Freeport,ME04032     		N/A PC General Purpose 28,500
    Women for Healthy Rural Living
    PO Box 463
    Milbridge,ME04658     		N/A PC General Purpose 15,000
    YMCA of Auburn-Lewiston
    62 Turner Street
    Auburn,ME04210     		N/A PC General Purpose 10,000
    York Middle School
    30 Organug Road
    York,ME03909     		N/A GOV General Purpose 500
    Ziggurat Theater Company
    127 Main Street
    Bowdoinham,ME04008     		N/A PC General Purpose 3,000
    Total .................................bullet 3a 3,411,874
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 144,148  
    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 1,182,324  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFrom Passthrough K-1     		  3,494 14 17,729  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 3,494 1,344,201 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,347,695
    (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 Onion Foundation
     
    Employer identification number

    47-1289795
    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 Onion Foundation
          		Employer identification number
    47-1289795
    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
    Frederick A and Susan D Onion
    414 Hardscrabble Road
     
    Wayne, ME04284

    		$ 4,800,000


    (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.)
    (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 Onion Foundation
          		Employer identification number

    47-1289795
    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 Onion Foundation
          		Employer identification number

    47-1289795
    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 Onion Foundation
    EIN:
    47-1289795
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bookkeeping Fees 3,775 1,888   1,887
    Accounting and Tax Prep Fees 8,950 4,475   4,475

    TY 2020 DistributionFromCorpusElection
    Name:
    The Onion Foundation
    EIN:
    47-1289795
    Election:
    In accordance with 53.4942-(a)-3(c)(2), I, Frederick Onion, duly appointed trustee of The Onion Foundation, in my capacity as such, do hereby elect to treat $4,800,000 as a distribution out of corpus on the 2020 tax return, allowing the contributor's donation of such funds to qualify under 170(b)(1)(F)(ii).During the 2020 calendar year, the Foundation made qualifying distributions out of corpus equal in value to 100% of the value of the contribution received, $4,800,000. All distributions were made to organized charities that are not controlled directly or indirectly by the Foundation or another private foundation. Furthermore, in compliance with 170(b)(1)(F)(ii), the Foundation distributed the annual required amount of minimum investment return under 4942, $558,308, and 100% of the contributions, $4,800,000, received in the current tax year.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    The Onion Foundation
    EIN:
    47-1289795
    Name of Bond End of Year Book Value End of Year Fair Market Value
    27984.6620 shs DBLTX 299,436 299,436
    17550.1550 shs GSDIX 225,344 225,344
    8908.9620 shs MASAX 80,893 80,893
    7999.1990 shs MWTIX 89,431 89,431
    14411.3560 shs MWTRX 161,119 161,119
    36690.0510 shs PHYZX 202,529 202,529
    19998.0380 shs PDBZX 301,770 301,770

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Onion Foundation
    EIN:
    47-1289795
    Name of Stock End of Year Book Value End of Year Fair Market Value
    14936 shs PGX 227,923 227,923
    1199 shs IWM 235,076 235,076
    1298 shs SPY 485,296 485,296
    27183 shs VSGX 1,611,136 1,611,136
    35592 shs ESGV 2,497,491 2,497,491
    7607 shs DBEF 255,671 255,671
    22024.3430 shs AVUAX 375,075 375,075
    13722.9960 shs FEUPX 951,827 951,827
    26796.5370 shs CSDIX 436,784 436,784
    6769.8320 shs GTEYX 248,656 248,656
    5541.1840 shs ODVYX 296,232 296,232
    4240.1900 shs JHQAZ 101,341 101,341
    3401.3610 shs OAYIX 88,537 88,537
    14678.0300 shs OBIIX 248,793 248,793
    130 shs ADBE 65,016 65,016
    82 shs GOOGL 143,716 143,716
    475 shs APH 62,116 62,116
    1100 shs AAPL 145,959 145,959
    167 shs BDX 41,787 41,787
    42 shs BKNG 93,545 93,545
    370 shs BR 56,684 56,684
    320 shs CTXS 41,632 41,632
    435 shs FB 118,825 118,825
    661 shs FISV 75,261 75,261
    365 shs FBHS 31,288 31,288
    320 shs HD 84,998 84,998
    640 shs IAA 41,587 41,587
    1955 shs KAR 36,383 36,383
    34 shs MKL 35,132 35,132
    230 shs MA 82,096 82,096
    335 shs MTCH 50,649 50,649
    425 shs PKI 60,988 60,988
    450 shs RTX 32,180 32,180
    148 shs SPGI 48,662 48,662
    57 shs SHW 41,890 41,890
    276 shs STE 52,313 52,313
    365 shs TTWO 75,843 75,843
    145 shs TMO 67,538 67,538
    920 shs TJX 62,827 62,827
    209 shs ULTA 60,016 60,016
    350 shs V 76,556 76,556
    550 shs DIS 99,649 99,649
    167 shs ZBRA 64,183 64,183
    375 shs ZTS 62,063 62,063

    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Onion Foundation
    EIN:
    47-1289795
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Venture 51 Capital Partners FMV 75,507 75,507
    Keystone Real Estate Lending Fund, LP FMV 510,091 510,091
    Infinity Special Situations Fund II, LLC FMV 185,476 185,476
    Kickstart Seed Fund V, LP FMV 69,847 69,847

    TY 2020 OtherExpensesSchedule
    Name:
    The Onion Foundation
    EIN:
    47-1289795
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Office Expenses 12,324 0   12,324
    Insurance 2,890 0   2,890
    Accrual to Cash 0 0   -500


    TY 2020 OtherIncomeSchedule2
    Name:
    The Onion Foundation
    EIN:
    47-1289795
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    From Passthrough K-1 21,223 17,729 21,223


    TY 2020 OtherIncreasesSchedule
    Name:
    The Onion Foundation
    EIN:
    47-1289795
    Description Amount
    Net Unrealized Gain on Investments 324,813


    TY 2020 OtherLiabilitiesSchedule
    Name:
    The Onion Foundation
    EIN:
    47-1289795
    Description Beginning of Year - Book Value End of Year - Book Value
    Visa Card 625 156
    Payroll Liabilities 163 663


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Onion Foundation
    EIN:
    47-1289795
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Advisory Fees 74,318 74,318   0
    Other Professional Services 5,325 0   5,325


    TY 2020 TaxesSchedule
    Name:
    The Onion Foundation
    EIN:
    47-1289795
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Tax 30,000 0   0
    Foreign Tax 2,738 2,738   0