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
HOWARD & KATHERINE AIBEL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1404 MAIN STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CONCORD, MA01742
A Employer identification number

23-7046798
B Telephone number (see instructions)

(978) 371-2267
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$4,897,665J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 80,342 80,342  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 289,976
b Gross sales price for all assets on line 6a 1,888,943
7 Capital gain net income (from Part IV, line 2)... 289,976
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........ 370,318 370,318  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,820 3,410   3,410
c Other professional fees (attach schedule).... Click to see attachment 28,928 28,928   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,112 668   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 153 153   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 37,013 33,159   3,410
25 Contributions, gifts, grants paid....... 241,135 241,135
26 Total expenses and disbursements. Add lines 24 and 25 278,148 33,159   244,545
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 92,170
b Net investment income (if negative, enter -0-) 337,159
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............. 32,666    
2 Savings and temporary cash investments......... 40,916 8,548 8,548
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)....... 1,911,305 Click to see attachment1,846,521 2,998,193
c Investments—corporate bonds (attach schedule)....... 1,277,781 Click to see attachment1,463,647 1,512,391
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 158,858 Click to see attachment245,444 378,533
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) 3,421,526 3,564,160 4,897,665
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 attachment0 Click to see attachment50,464
23 Total liabilities (add lines 17 through 22)......... 0 50,464
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........ 898,597 898,597
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 2,522,929 2,615,099
29 Total net assets or fund balances (see instructions)..... 3,421,526 3,513,696
30 Total liabilities and net assets/fund balances (see instructions). 3,421,526 3,564,160
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
3,421,526
2
Enter amount from Part I, line 27a .....................
2
92,170
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,513,696
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
3,513,696
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 NB ACCT NO 550-02880 /SALES OF PUBLICLY TRADED STOCKS P   2019-12-31
b NB ACCT NO 550-02880 /SALES OF PUBLICLY TRADED STOCKS P   2019-12-31
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 826,761   789,174 37,587
b 1,062,182   809,793 252,389
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       37,587
b       252,389
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 2 289,976
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 4,687
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 4,687
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 4,687
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,440
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,440
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 1
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 1,752
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,752 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)
    bulletCT
    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 ofbulletJONATHAN AIBEL Telephone no.bullet (978) 371-2267

    Located atbullet1404 MAIN STREETCONCORDMA ZIP+4bullet01742
    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
    DAVID AIBEL DIRECTOR
    0.08     		0 0 0
    249 CONWAY ROAD
    MADISON,NH03849
    DANIEL AIBEL DIRECTOR
    0.08     		0 0 0
    227 PARK AVENUE
    TACOMA PARK,MD20912
    JONATHAN AIBEL DIRECTOR
    0.08     		0 0 0
    1404 MAIN STREET
    CONCORD,MA01742
    ESTATE OF HOWARD J AIBEL MANAGER
    0.00     		0 0 0
    2302 CAVES RD
    OWINGS MILLS,MD21117
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,297,464
    b
    Average of monthly cash balances.......................
    1b
    154,520
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,451,984
    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
    4,451,984
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    66,780
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,385,204
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    219,260
    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
    219,260
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    4,687
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,687
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    214,573
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    214,573
    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
    214,573
    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
    244,545
    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
    244,545
    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
    244,545
    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 7 214,573
    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...... 62,087
    b From 2016...... 10,689
    c From 2017...... 30,021
    d From 2018...... 24,163
    e From 2019......  
    fTotal of lines 3a through e........ 126,960
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 244,545
    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..... 214,573
    e Remaining amount distributed out of corpus 29,972
    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 5 156,932
    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) ...     		62,087
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		94,845
    10 Analysis of line 9:
    a Excess from 2016.... 10,689
    b Excess from 2017.... 30,021
    c Excess from 2018.... 24,163
    d Excess from 2019....  
    e Excess from 2020.... 29,972
    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).)
    ESTATE OF HOWARD J AIBEL
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    A BETTER CHOICE FOR WESTPORT
    PO BOX 2153
    WESTPORT,CT06880     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 1,000
    ABA FUND
    PO BOX 109070
    CHICAGO,IL60610     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    ACTOR'S SHAKESPEARE PROJECT
    CHARLESTOWN WORKING THEATER 442
    BUNDER HILL STREET
    CHARLESTOWN,MA02129     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 2,500
    ALLIANCE OF RESIDENT THEATRES NY
    520 EIGHTH AVENUE STE319
    NEW YORK,NY10016     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 15,000
    ALZHEIMER'S DISEASE FUND
    PO BOX 1897
    MERRIFIELD,VA22116     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 250
    ALZHEIMER'S DISEASE RESEARCH FUND
    22512 GATEWAY CENTER DRIVE
    CLARKSBURG,MD20871     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 250
    AMERICAN BAR FOUNDATION
    750 NORTH LAKE SHORE DRIVE
    CHICAGO,IL60611     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 2,500
    AMERICAN LAW INSTITUTE
    4025 CHESTNUT STREET
    PHILADELPHIA,PA19104     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 250
    AMERICAN RIVERS
    1101 14TH STREET NW SUITE 1400
    WASHINGTON,DC20005     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 100
    AMERICANS FOR THE ARTS FUND
    1000 VERMONT AVE NW 6TH FLOOR
    WASHINGTON,DC20005     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 250
    ANTI-DEFAMATION LEAGUE
    1952 WHITNEY AVENUE
    HAMDEN,CT06517     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 250
    APPALACHIAN MUONTAIN CLUB
    10 CITY SQUARE BOSTON
    BOSTON,MA02129     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 250
    ASPCA
    424 E 92ND ST
    NEW YORK,NY10128     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 250
    ASPETUCK LAND TRUST INC
    PO BOX 444
    WESTORT,CT06881     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 5,000
    BOSTON MODERN ORCHESTRA PROJECT
    376 WASHINGTON STREET
    MALDEN,MA02148     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    BOSTON YOUTH SYMPHONY ORCHESTRA
    855 COMMONWEALTH AVE
    BOSTON,MA02215     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    BRENNAN CENTER FOR JUSTICE
    PO BOX 536
    ELNA,NH03750     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    BROADWY CARESEQUITY FIGHTS AIDS
    165 WEST 46TH STREET SUITE 1300
    NEW YORK,NY10036     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    CASTLE OF OUR SKINS
    539 TREMONT ST
    BOSTON,MA02126     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 1,000
    CITY BAR FUND
    42 WEST 44TH STREET
    NEW YORK,NY10036     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 100
    COLLEGE BOUND DORCHESTER
    275 E COTTAGE STREET
    DORCHESTER,MA06611     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 2,500
    COMMUNITY ACCESS TO THE ARTS
    420 STOCKBRIDGE ROAD SUITE 2
    GREAT BARRINGTON,MA01230     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 2,500
    COMMUNITY THERAPEUTIC DAY SCHOOL
    187 SPRING STREET
    LEXINGTON,MA02421     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 7,500
    CONCORD SCOUT HOUSE
    74 WALDEN STREET
    CONCORD,MA01742     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 5,000
    CONNECTICUT FOOD BANK
    PO BOX 8686
    NEW HAVEN,CT06531     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 1,000
    CONNECTICUT HUMANE SOCIETY
    701 RUSSELL ROAD
    NEWINTON,CT06111     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 200
    CONNETICUT FUND FOR THE ENVIRONMENT
    1032 CHAPEL STREET
    NEW HAVEN,CT06510     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 250
    CTLCV EDUCATION FUND
    553 FARMINGTON AVE 1ST FLOOR
    HARTFORD,CT06105     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    CULTURAL ALLIANCE OF FAIRFIELD COUNTY
    70 SANFORD STREET
    FAIRFIELD,CT06824     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 2,000
    DOCTORS WITHOUT BORDERS USA
    PO BOX 5022
    HAGERSTOWN,MD21741     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 250
    DVCC
    16 RIVER STREET
    NORWALK,CT06850     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    FEDERATION FOR JEWISH PHILANTHROPY
    4200 PARK AVE STE 300
    BRIDGEPORT,CT06604     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 720
    FRACTURED ATLAS (QUEEN MAB)
    53 ORVIS RD
    ARLINGTON,MA02474     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 10,000
    FRIENDS OF THE UUA
    25 BEACON STREET
    BOSTON,MA02108     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    GOOD SPEED OPERA HOUSE FDN
    PO BOX A
    EAST HADDAM,CT06423     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 750
    HARVARD MAGAZINE
    PO BOX 414946
    BOSTON,MA02241     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    HOMES WITH HOPE
    49 RICHMONDVILLE AVE SUITE 112
    WESTPORT,CT06880     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 250
    HOSPITAL FOR SPECIAL SURGERY FUND
    PO BOX 30610
    NEW YORK,NY10087     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 250
    HUNTINGTON THEATER COMPANY
    264 HUNTINGTON AVENUE
    BOSTON,MA02115     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 1,000
    INTERFAITH ALLIANCE FDN
    PO BOX 98143
    WASHINGTON,DC20090     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    JEWISH SENIOR SERVICES FDN
    4200 PARK AVENUE
    BRIDGEPORT,CT06604     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 250
    KEREM SHALOM
    PO BOX 1646
    CONCORD,MA01742     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 10,000
    KIWANIS CLUB OF WESTON
    PO BOX 1033
    WESTON,CT06883     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 100
    LAWYERS COMMITEE FOR CIVIL RIGHTS
    1401 NEW YORK AVENUE SUITE 400
    WASHINGTON,DC20005     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    LONG WHARF THEATRE
    222 SARGENT DRIVE
    NEW HAVEN,CT06511     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 1,800
    LWVMA CITIZEN EDUCATION FUND
    90 CANAL ST SUITE 414
    BOSTON,MA02114     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 1,000
    LYRIC STAGE
    140 CLARENDON STREET
    BOSTON,MA02116     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 2,500
    MEMORIAL SLOAN KETTERING CANCER CENTER
    PO BOX 5028
    HAGERSTOWN,MD21741     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    METROPOLITAN COLLEGE OF NY
    60 W 60TH STREET
    NEW YORK,NY10006     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 9,000
    MULTIPLE SCIEROSIS FDN
    6520 N ANDREWS AVENUE
    FORT LAUDE,FL33309     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    MUSIC FOR YOUTH INC
    PO BOX 403
    WESTPORT,CT06881     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 2,500
    MY FRIEND ABBY
    12 GLENWOOD DRIVE
    TRUMBULL,CT02126     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 15,000
    NAACP LEGAL DEFENSE AND ED FUND
    40 RECTOR STREET
    NEW YORK,NY10006     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    NATIONAL MS SOCIETY
    PO BOX 1748
    HARTFORD,CT06144     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    NATURE CONCERVANCY CT
    55 CHURCH STREET
    NEW HAVEN,CT06510     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 250
    NEW GALLERY CONCERT SERIES
    PO BOX
    JAMAICA PLAIN,MA02130     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 2,500
    NORWALK HOSPITAL FOUNDATION
    24 HOSPITAL AVE
    DANBURY,CT06810     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    NPCA
    PO BOX 97202
    WASHINGTON,DC20001     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 100
    NRDC
    40 WEST 20TH STREET
    NEW YORK,NY10021     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 1,000
    NSFC
    391 EAST WASHINGTON AVENUE
    BRIDGEPORT,CT06610     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 515
    OCEAN CONSERVANCY
    PO BOX 96003
    WASHINGTON,DC20090     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 250
    OPEN DOOR SHELTER
    4 MERRITT STREET
    NORWALK,CT06854     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 250
    PERSON TO PERSON
    1864 POST RD
    DARIEN,CT06820     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 10,000
    POLY PREP COUNTRY DAY SCHOOL
    9216 8TH AVE
    BROOKLYN,NY11228     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 5,000
    PPFA
    26 BLEECKER STREET
    NEW YORK,NY10012     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 1,000
    QUICK CENTER FOR THE ARTS
    1073 N BENSON ROAD
    FAIRFIELD,CT06824     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 12,500
    SACRED HEART UNIVERSITY
    5151 PARK AVE
    FAIFIELD,CT06825     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 2,500
    SIERRA CLUB FDN
    2101 WEBSTER ST STE 1300
    OAKLAND,CA09461     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 750
    SILVER HILL HOSPITAL
    206 VALLEY ROAD
    NEW CANAAN,CT06640     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 250
    SPECIAL OLYMPICS CT
    PO BOX 4000
    HAMDEN,CT06514     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 200
    SUSAN FUND
    8 HILLY FIELD LN
    WESTPORT,CT06880     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    SUFFOLK UNIVERSITY
    73 TREMONT ST 13TH FL OFFICE OF
    ADVANCEMENT
    BOSTON,MA02108     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 15,000
    THE HARVARD COLLEGE FUND
    124 MOUNT AUBURN STREET
    CAMBRIDGE,MA02138     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 2,500
    THE ACTOR' FUND OF AMERICA
    729 SEVENTH AVENUE 10TH FL
    NEW YORK,NY10002     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    THE ALS ASSOCIATION
    PO BOX 37022
    BOON,IA50037     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 200
    THE CONNECTICUT AUDUBON SOCIETY
    314 UNQUOWA RD
    FAIRFIELD,CT06834     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 100
    THE HUMAN SOCIETY OF THE US
    PO BOX 96930
    WASHINGTON,DC20077     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 250
    THE LEVITT PAVILION FOR THE PERFORMING ARTS
    40 JESUP RD
    WESTPORT,CT06880     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    THE ROTARY FOUNDATION
    PO BOX 743
    WESTPORT,CT06880     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 1,000
    UNITARIAN CHURCH IN WESTPORT
    10 LYONS PLAINS ROAD
    WESTPORT,CT06680     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 5,000
    UNITARIAN UNIVERSALIST ASSOCIATION
    PO BOX 55019
    BOSTON,MA02205     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    US FUND FOR UNICEF
    PO BOX 96964
    WASHINGTON,DC20090     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    VINEYARD THEATRE
    108 E 15TH STREET
    NEW YORK,NY10003     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 25,000
    VISITING NURSE & HOSPICE OF FAIRFIELD COUNTY
    P O BOX 489
    WILTON,CT06897     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    WBUR
    890 COMMONWEALTH AVENUE
    BOSTON,MA02215     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    WESTON EDUCATION
    PO BOX 1093
    WESTON,CT06883     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    WESTON EMERGENCY MEDICAL SERVICE
    PO BOX 1163
    WESTON,CT06883     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 25,000
    WESTON WARM UP FUND
    PO BOX 1254
    WESTON,CT06883     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    WESTPORT WESTON FAMILY YMCA
    14 ALLEN RAYMOND LN
    WESTPORT,CT06880     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    WESTPORT COUNTRY PLAYHOUSE
    10 POWERS CT
    WESTPORT,CT06880     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 5,000
    WGBH
    1 GUEST STREET
    BOSTON,MA02135     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    WILLIAM JOINER INSTITUTE
    100 WILLIAM T MORRISSEY BLVD
    BOSTON,MA02125     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 5,000
    WMNR
    PO BOX 920
    MONROE,CT06468     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    WNET NY PUBLIC MEDIA
    825 EIGHTH AVENUE
    NEW YORK,NY10019     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 500
    WOUNDED WARRIOR PROJECT
    PO BOX 758516
    TOPEKA,KS66675     		  PC TO FURTHER THE DONEES' EXEMPT PURPOSE. 250
    Total .................................bullet 3a 241,135
    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 80,342  
    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 ............     		    18 289,976  
    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).. 0 370,318 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    370,318
    (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

    TY 2020 AccountingFeesSchedule
    Name:
    HOWARD & KATHERINE AIBEL FOUNDATION
    EIN:
    23-7046798
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MARKS PANETH, LLP 6,000 3,000   3,000
    ACCOUNTING FEES/ BOOKKEPING 820 410   410

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    HOWARD & KATHERINE AIBEL FOUNDATION
    EIN:
    23-7046798
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GOVF NAR MTG ASSN POOL #649534 5.00000'LA6292HSX2 6,315 3,040
    BANK NEW YORK MELLON CORP BOND 4.950001164058AD2 35,336 35,036
    JPMORGAN CHASE &CO BONO 5.99038% PERPTL6625HHA 1 28,919 28,941
    PNC FINL SVCS GROUP INC BOND 6.75000% 26,726 25,619
    STRYKER CORP NOTE CAL1MAKE WHOLE 74,711 75,138
    ORACLE CORP NOTE CALL MAKE WHOLE 38,542 40,403
    ANALOG DEVICES INC NOTE CALL MAKE WHOLE032654AL9 2.50000% 73,778 76,352
    MCDONALDS CORP MEO TERM NT BE MTN 38,886 40,965
    PFIZER INC NOTE CALL MAKE WHOLE 2.80000% 39,998 41,201
    UNITED PARCEL SERVICE INC NOTE 2.35000% 24,258 25,671
    NOVARTIS CAPITAL CORP NOTE 2.40000% 33,900 35,971
    AMERICAN EXPRESS CO NOTE 2.75000% 74,910 77,374
    STARBUCKS CORP NOTE CALL MAKE WHOLE 49,894 51,593
    TOYOTA MOTOR CREDIT CORP MTN 2.70000% 49,996 52,356
    WELLS FARGO CO NEW NOTE 3.06900% 74,811 77,141
    3M CO MTN R.ALL MAKE WHOLE 2.25000% 72,502 78,329
    HOME DEPOT INC NOTE CALL MAKE WHOLE 76,375 78,662
    MONDELEZ INTL INC NOTE CALL MAKE WHOLE 77,890 77,899
    BOSTON SCIENTIFIC CORP NOTE 3.45000% 75,336 81,244
    INTEL CORP NOTE CALL MAKE WHOLE 2.87500% 75,456 80,930
    DEERE JOHN CAP CORP S BE MTN 2.65000% 76,468 80,558
    COCA COLA CO NOTE CALL MAKE WHOLE 74,411 78,560
    HERSHEY CO NOTE CALL MAKE WHOLE 74,936 79,354
    MCDONALDS CORP MTN CALL MAKE WHOLE 36,032 36,295
    AIR PRODUCTS AND CHEMICALS INC NOTE 77,907 78,175
    VERIZON COMMUNICATIONS INC 0.85000% 75,354 75,584

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    HOWARD & KATHERINE AIBEL FOUNDATION
    EIN:
    23-7046798
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AIR PRODUCTS & CHEM 91,696 136,610
    ALEXION PHARM INC. 71,889 101,556
    ALPHABET INC CAP STK CL C 32,542 87,594
    AMAZON.COM INC 56,188 97,708
    AMETEK INC COM USDD.01 34,391 48,376
    ANALOG DEVICES INC COM 66,251 125,571
    APPLE INC COM 19,876 145,959
    ASHLAND GLOBAL HLDGS INC COM 68,243 71,280
    ASML HOLDING N V N Y REGISTRY SHS 16,039 48,772
    BK OF AMERICA CORP COM 119,784 145,488
    BOSTON SCIENTIAC CORP 96,438 125,825
    COCA-COLA CO 48,465 54,840
    COOPER COS INC COM USD0.10 48,871 63,581
    CORNING INC 19,941 32,400
    COSTCO WHOLESALE CORP 43,647 84,776
    DANAHER CORP COM US00.O1 29,594 88,856
    DISNEY WALT CO 69,648 99,649
    ENTERGY CORP 25,431 24,960
    FACEBOOK INC-CLASS A 20,236 47,803
    FISERV INC 81,168 91,088
    HOME DEPOT INC COM 51,943 73,046
    ICU MED INC COM 70,252 85,796
    JPMORGAN CHASE & CO 96,013 177,898
    LAM RESEARCH CORP COM USD0.001 14,626 28,336
    L3HARRIS TECHNOLOGIES INC. COM 54,997 56,706
    MCDONALDS CORP 21,712 48,281
    MICROSOFT CORP 51,012 189,057
    MODELEZ INTL INC COM 43,965 70,164
    NEXTERA ENERGY INC COM USD0.01 20,693 30,860
    NORFOLK SOUTHERN CORP COM 26,283 29,701
    OREILLY AUTOMOTIVE INC COM 51,359 56,571
    PPG INDUSTRIES INC COM USD1.666 49,388 72,110
    PROCTER AND GAMBLE CO COM 43,134 55,656
    REGENERON PHARMACEUTICALS INC 29,789 28,987
    SKYWORKS SOLTIONS INC 28,380 30,576
    STARBUCKS CORP COM USD0.001 30,103 42,792
    STRYKER CORP 18,731 49,008
    UNION PACIFIC CORP COM 49,820 62,465
    VISA INC COM CL A 33,983 87,491

    TY 2020 InvestmentsOtherSchedule2
    Name:
    HOWARD & KATHERINE AIBEL FOUNDATION
    EIN:
    23-7046798
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    US BANCORP DB. DEP SHS PFD F 6.50000% AT COST 21,400 21,328
    SPDR GOLD TR GOLD SHS AT COST 48,622 53,508
    DREYFUS TREASURY SEC CASH MGMT ADMIN AT COST 100,000 100,000
    HARRIS CORP DB. AT COST 74,704 178,246
    VASO CORP COM AT COST 16 44
    VECTRUS INC COM AT COST 702 25,407

    TY 2020 OtherExpensesSchedule
    Name:
    HOWARD & KATHERINE AIBEL FOUNDATION
    EIN:
    23-7046798
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 3 3   0
    QB /MISC. FEES 150 150   0


    TY 2020 OtherLiabilitiesSchedule
    Name:
    HOWARD & KATHERINE AIBEL FOUNDATION
    EIN:
    23-7046798
    Description Beginning of Year - Book Value End of Year - Book Value
    CASH OVERDRAFT 0 50,464


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    HOWARD & KATHERINE AIBEL FOUNDATION
    EIN:
    23-7046798
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NEUBERGER BERMAN FEES 28,928 28,928   0


    TY 2020 TaxesSchedule
    Name:
    HOWARD & KATHERINE AIBEL FOUNDATION
    EIN:
    23-7046798
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 668 668   0
    EXCISE TAXES 444 0   0