Form990-PF
Click to see attachment

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 Bay and Paul Foundations Inc
 
% THE BAY AND PAUL FOUNDATIONS
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

13-1991717
B Telephone number (see instructions)

(800) 839-1754
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$46,107,272J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 20,155 20,155  
4 Dividends and interest from securities... 625,040 625,040  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,097,844
b Gross sales price for all assets on line 6a 42,604,328
7 Capital gain net income (from Part IV, line 2)... 5,097,844
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 101,238 101,238  
12 Total. Add lines 1 through 11........ 5,844,277 5,844,277  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 48,500 9,215   39,285
14 Other employee salaries and wages...... 264,387 13,219   377,246
15 Pension plans, employee benefits....... 93,996 9,064   84,932
16a Legal fees (attach schedule)......... Click to see attachment 16,902 0 0 16,902
b Accounting fees (attach schedule)....... Click to see attachment 25,700 25,700 0 2,500
c Other professional fees (attach schedule).... Click to see attachment 277,461 190,511   88,476
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 22,076 8,402    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 36,342 1,817   34,525
21 Travel, conferences, and meetings....... 8,521 1,278   7,243
22 Printing and publications.......... 199 10   189
23 Other expenses (attach schedule)....... Click to see attachment 193,673 70,092   126,682
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 987,757 329,308 0 777,980
25 Contributions, gifts, grants paid....... 8,870,449 8,865,599
26 Total expenses and disbursements. Add lines 24 and 25 9,858,206 329,308 0 9,643,579
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,013,929
b Net investment income (if negative, enter -0-) 5,514,969
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.............      
2 Savings and temporary cash investments......... 1,757,568 27,802,397 27,802,397
3 Accounts receivable bullet108,393
Less: allowance for doubtful accounts bullet   148,620 108,393 108,393
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.......... 300,833 108,402 108,402
10a Investments—U.S. and state government obligations (attach schedule) 11,833,323 Click to see attachment8,227,635 8,227,635
b Investments—corporate stock (attach schedule)....... 21,315,699 Click to see attachment1,991,973 1,991,973
c Investments—corporate bonds (attach schedule)....... 8,382,182 Click to see attachment7,863,597 7,863,597
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 11,060,067    
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment6,875 Click to see attachment4,875 Click to see attachment4,875
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 54,805,167 46,107,272 46,107,272
Liabilities 17 Accounts payable and accrued expenses.......... 222,331 52,053
18 Grants payable................. 2,593,450 2,598,300
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) 77,000 14,000
23 Total liabilities (add lines 17 through 22)......... 2,892,781 2,664,353
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........... 51,912,386 43,442,919
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 51,912,386 43,442,919
30 Total liabilities and net assets/fund balances (see instructions). 54,805,167 46,107,272
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
51,912,386
2
Enter amount from Part I, line 27a .....................
2
-4,013,929
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
11,238
4
Add lines 1, 2, and 3 ..........................
4
47,909,695
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
4,466,776
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
43,442,919
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      
b Passthrough K1 Capital Gain/(Loss)      
c GENERATION IM ASIA FUND, L.P P 2017-08-15 2020-10-20
d GENERATION IM GLOBAL EQ FUND LLC P 2018-01-02 2020-10-01
e RESPONSIBLE EMERGING MARKETS EQUITY ESG FUND P 2017-07-31 2020-05-31
(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 32,314,438   28,601,099 3,713,339
b       1,523,097
c 1,933,770   1,381,342 552,428
d 7,197,302   7,749,732 -552,430
e 1,158,818   1,297,408 -138,590
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       3,713,339
b        
c       552,428
d       -552,430
e       -138,590
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 5,097,844
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 76,658
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 76,658
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 76,658
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 65,300
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 14,160
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 79,460
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 141
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 2,661
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet2,661 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
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)
    bulletME, NY, VT
    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.bayandpaulfoundations.org
    14
    The books are in care ofbulletTHE BAY AND PAUL FOUNDATIONS Telephone no.bullet (800) 839-1754

    Located atbullet165 COURT STREET BOX 187BrooklynNY ZIP+4bullet11201
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Rebecca AdamsonClick to see attachment Dir
    2.0     		10,100 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    David BuryClick to see attachment Dir, Chair
    2.0     		9,600 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Kenneth D HurwitzClick to see attachment Dir, Sec, Treas
    2.0     		8,900 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Marilyn ReznickClick to see attachment Dir, Chair
    2.0     		9,900 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    William E TerryClick to see attachment Dir
    2.0     		8,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Corinne SteelClick to see attachment Dir
    2.0     		2,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
    Ms Gail Stone CORP COUNS/EXEC DIR
    35.0     		149,139 29,409  
    911 Panorama Trail S
    Rochester,NY146250397
    Mr Khalif Williams Program Director
    32.0     		115,248 21,321  
    911 Panorama Trail S
    Rochester,NY146250397
    Total number of other employees paid over $50,000...................bullet  
    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
    RBC Wealth Management Investment Mgmt 194,757
    1211 6th ave 3300
    NEW YORK,NY10036
    Foundation Source Administrative 96,364
    55 Walls Drive 3rd Floor
    Fairfield,CT06824
    Total number of others receiving over $50,000 for professional services.............bullet  
    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.........................bullet  
    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
    28,457,592
    b
    Average of monthly cash balances.......................
    1b
    12,773,917
    c
    Fair market value of all other assets (see instructions)................
    1c
    8,500,026
    d
    Total (add lines 1a, b, and c).........................
    1d
    49,731,535
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    49,731,535
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    745,973
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    48,985,562
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,449,278
    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
    2,449,278
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    76,658
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    76,658
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,372,620
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    11,238
    5
    Add lines 3 and 4............................
    5
    2,383,858
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,383,858
    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
    9,643,579
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    9,643,579
    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
    9,643,579
    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 2,383,858
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 2,605,120
    b From 2016...... 2,411,232
    c From 2017...... 2,168,088
    d From 2018...... 3,331,619
    e From 2019...... 3,847,779
    fTotal of lines 3a through e........ 14,363,838
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 9,643,579
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 2,383,858
    e Remaining amount distributed out of corpus 7,259,721
    5 Excess distributions carryover applied to 2020.    
    (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 21,623,559
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		2,605,120
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		19,018,439
    10 Analysis of line 9:
    a Excess from 2016.... 2,411,232
    b Excess from 2017.... 2,168,088
    c Excess from 2018.... 3,331,619
    d Excess from 2019.... 3,847,779
    e Excess from 2020.... 7,259,721
    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).)
    NONE
    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.
    NONE
    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
    ABENAKI CIRCLE OF COURAGE
    65 CANADA ST STE RM 3
    SWANTON,VT05488     		N/A PC to purchase a van or bus to expand access and impact for Abenaki youth 20,000
    AFRO-LATIN JAZZ ALLIANCE OF NEW YORK INC
    646 MALCOLM X BLVD NO 206
    NEW YORK,NY10037     		N/A PC ALJA Emergency Artists Fund 10,000
    ALL FUR ANIMALS RESCUE
    32192 WILDERNESS FARMS RD
    LOCUST GROVE,VA22508     		N/A PC General & Unrestricted 10,000
    ALL SOULS CHURCH
    19 E 88TH ST
    NEW YORK,NY10128     		N/A PC General Operating Support 5,000
    ALLIED MEDIA PROJECTS INC
    4126 3RD ST
    DETROIT,MI48201     		N/A PC Director Invites Project 60,000
    ALZHEIMERS DISEASE AND RELATED DISORDERS NEW YORK
    360 LEXINGTON AVE 3RD FL
    NEW YORK,NY10017     		N/A PC General & Unrestricted 500
    ANTIOCH UNIVERSITY - DEVELOPMENT OFFICE
    40 AVON ST
    KEENE,NH03431     		N/A PC David Sobel Scholarship Fund 5,000
    ART IN THE NEIGHBORHOOD
    62 W ST
    BRATTLEBORO,VT05301     		N/A PC General & Unrestricted 2,500
    ASSOCIATION SHERPA
    94 RUE SAINT LAZARE
    PARIS   75009
    FR     		N/A PC General & Unrestricted 50,000
    BETHANY COLLEGE
    31 E CAMPUS DR
    BETHANY,WV26032     		N/A PC support Larry Grimes fund and operating support 3,500
    BIG PICTURE COMPANY INC
    325 PUBLIC ST
    PROVIDENCE,RI02905     		N/A PC Transforming PreK-12 Learning Practices in Vermont 50,000
    BIG PICTURE COMPANY INC
    325 PUBLIC ST
    PROVIDENCE,RI02905     		N/A PC Program Support 50,000
    BLACK PUBLIC MEDIA INC
    8 W 126TH ST STE 03D117
    NEW YORK,NY10027     		N/A PC COVID-19 Emergency Relief Fund (General Operating support) 10,000
    BLOOMAGAINBKLYN
    495 HENRY ST STE 255
    BROOKLYN,NY11231     		N/A PC General & Unrestricted 4,000
    BLOOMINGDALE SCHOOL OF MUSIC INC
    323 W 108TH ST
    NEW YORK,NY10025     		N/A PC in support of student scholarships through the end of the fall 2020 session 50,000
    BLOOMINGDALE SCHOOL OF MUSIC INC
    323 W 108TH ST
    NEW YORK,NY10025     		N/A PC BSM Major Donor Program 45,000
    BOGGS EDUCATIONAL CENTER PROJECT TEAM
    7600 GOETHE ST
    DETROIT,MI48214     		N/A PC Community Teachers Program 25,000
    BROOKLYN ACADEMY OF MUSIC INC
    30 LAFAYETTE AVE
    BROOKLYN,NY11217     		N/A PC General Operating Support 10,000
    BROOKLYN COLLEGE FOUNDATION INC
    2900 BEDFORD AVE INGERSOLL HALL
    BROOKLYN,NY11210     		N/A PC For the fund supporting the Corinne Steel Award for the Outstanding English Honors Thesis 3,500
    BROOKLYN COMMUNITY FOUNDATION
    1000 DEAN ST STE 307
    BROOKLYN,NY11238     		N/A PC COVID-19 Response Fund 10,000
    BROOKLYN COMMUNITY FOUNDATION
    1000 DEAN ST STE 307
    BROOKLYN,NY11238     		N/A PC COVID-19 Relief Fund 50,000
    BROOKLYN COMMUNITY FOUNDATION
    1000 DEAN ST STE 307
    BROOKLYN,NY11238     		N/A PC For the COVID Response Fund 750
    BROOKLYN FILMSHOP INC
    104 SULLIVAN ST 14
    NEW YORK,NY10012     		N/A PC In support of the Filmshop Exhibition 1,500
    BURLINGTON SCHOOLS FOUNDATION
    PO BOX 3307
    BURLINGTON,VT05408     		N/A PC Burlington City and Lake Semester Pilot Phase 20,000
    CALIFORNIA COMMUNITY FOUNDATION
    221 S FIGUEROA ST STE 400
    LOS ANGELES,CA90012     		N/A PC Wildfire Relief Fund 50,000
    CALVARY HOSPITAL INC
    1740 EASTCHESTER RD
    BRONX,NY10461     		N/A PC Hospice Care 500
    CALVERT IMPACT CAPITAL INC
    7315 WISCONSIN AVE STE 1000W
    BETHESDA,MD20814     		N/A PC General & Unrestricted (see attached General Explanation) 1,194,699
    CANDID
    32 OLD SLIP
    NEW YORK,NY10005     		N/A PC General & Unrestricted 8,000
    CAPITAL AREA FOOD BANK
    4900 PUERTO RICO AVE NE
    WASHINGTON,DC20017     		N/A PC General Operating Support 3,000
    CENTER FOR REPRODUCTIVE RIGHTS INC
    199 WATER ST 22ND FLOOR
    NEW YORK,NY10038     		N/A PC General & Unrestricted 1,000
    CENTER FOR SUSTAINABLE SYSTEMS INC
    PO BOX 1345
    MONTPELIER,VT05601     		N/A PC Annual Programming 5,000
    CHANGING PERSPECTIVES INC
    PO BOX 694
    BRADFORD,VT05033     		N/A PC General & Unrestricted 18,000
    CHILDREN OF THE EARTH INC
    26 BAYCREST DR
    S BURLINGTON,VT05403     		N/A PC General Operating Support 2,500
    CINTOC
    4528 VAN NESS ST NW
    WASHINGTON,DC20016     		N/A PC General Operating Support 7,000
    CITIZENS FOR RESPONSIBILITY AND ETHICS IN WASHINGT
    1101 K ST NW
    WASHINGTON,DC20005     		N/A PC General & Unrestricted 20,000
    CITIZENS FOR RESPONSIBILITY AND ETHICS IN WASHINGT
    1101 K ST NW
    WASHINGTON,DC20005     		N/A PC COVID-19 emergency grant, general operating support 50,000
    CITY HARVEST INC
    6 EAST 32ND ST 5TH FLOOR
    NEW YORK,NY10016     		N/A PC General & Unrestricted 1,000
    CLEMMONS FAMILY FARM
    2213 GREENBUSH RD
    CHARLOTTE,VT05445     		N/A PC Program Support for the Vermont African Diaspora Artists Project 100,000
    COALITION FOR GREEN CAPITAL
    19 BAXTER LN
    WEST ORANGE,NJ07052     		N/A PC General & Unrestricted 200,000
    COALITION OF SCHOOLS EDUCATING BOYS OF COLOR INC
    255 MAIN ST 8TH FLOOR
    CAMBRIDGE,MA02142     		N/A PC COSEBOC Supports Jackson Public Schools 25,000
    COALITION OF SCHOOLS EDUCATING BOYS OF COLOR INC
    255 MAIN ST 8TH FLOOR
    CAMBRIDGE,MA02142     		N/A PC General Operating Support 50,000
    COMMUNITY ENGAGEMENT LAB INC
    41 SUMMER ST
    MONTPELIER,VT05602     		N/A PC General Support 50,000
    COMMUNITY-WORD PROJECT INC
    11 BROADWAY STE 508
    NEW YORK,NY10004     		N/A PC General & Unrestricted 50,000
    CONFLICT AWARENESS PROJECT
    14198 HARTS LN
    BEAVERDAM,VA23015     		N/A PC Congo Pillage Project 40,000
    CSC REPERTORY LTD
    136 E 13TH ST
    NEW YORK,NY10003     		N/A PC as atwo-year capacity-building grant to develop free, in-school education programs primarily for underserved Lower East Side youth in collaboration with Manhattan Youth, and a new family-friendly performance series for 5-10 year olds 20,000
    CSC REPERTORY LTD
    136 E 13TH ST
    NEW YORK,NY10003     		N/A PC General Operating Support 1,000
    CSC REPERTORY LTD
    136 E 13TH ST
    NEW YORK,NY10003     		N/A PC General & Unrestricted 11,000
    DC CENTRAL KITCHEN INC
    425 2ND ST NW
    WASHINGTON,DC20001     		N/A PC General & Unrestricted 1,500
    DIGITAL PROMISE GLOBAL
    1001 CONNECTICUT AVE NW STE 935
    WASHINGTON,DC20036     		N/A PC COVID-19 Emergency Grant, General Operations 100,000
    EARTHJUSTICE
    50 CALIFORNIA ST SUITE 500
    SAN FRANCISCO,CA94111     		N/A PC General & Unrestricted 100,000
    EARTHRIGHTS INTERNATIONAL INC
    1612 K ST NW STE 800
    WASHINGTON,DC20006     		N/A PC Support ERI's work with the Protect the Protest task force 20,000
    EARTHRIGHTS INTERNATIONAL INC
    1612 K ST NW STE 800
    WASHINGTON,DC20006     		N/A PC General & Unrestricted 130,000
    EARTHWALK VERMONT INC
    PO BOX 21
    PLAINFIELD,VT05667     		N/A PC Project Chrysalis - Planning a Decolonized Future for EarthWalk and N'Dakina 15,000
    EASTERN MICHIGAN UNIVERSITY FOUNDATION
    850 W CROSS ST
    YPSILANTI,MI48197     		N/A PC SEMIS 25,000
    EDUCATIONAL RESULTS PARTNERSHIP
    428 J ST STE 320
    SACRAMENTO,CA95814     		N/A PC General Operating Support 25,000
    EG JUSTICE
    103 MARIN DR
    CHAPEL HILL,NC27516     		N/A GOV General Operating Support 20,000
    ENDANGERED SPECIES COALITION
    PO BOX 65195
    WASHINGTON,DC20035     		N/A PC COVID-19 Emergency Grant, General Operating Support 40,000
    ENDANGERED SPECIES COALITION
    PO BOX 65195
    WASHINGTON,DC20035     		N/A PC General & Unrestricted 25,000
    ENVIRONMENTAL LAW ALLIANCE WORLDWIDE
    1412 PEARL ST
    EUGENE,OR97401     		N/A PC General Operating Support 25,000
    FEMINIST PRESS INC
    365 5TH AVE NO 5406
    NEW YORK,NY10016     		N/A PC General Operating Support 5,000
    FLOW OF HISTORY INC
    729 UNION VILLAGE RD
    NORWICH,VT05055     		N/A PC To continue professional development program for teachers: Using Inquiry to Inspire Civic Engagement 15,000
    FRACTURED ATLAS INC
    PO BOX 55
    HARTSDALE,NY10530     		N/A PC support of new concert series and consider Q Concerts as an exemplary and worthy organization 5,000
    FRIENDS OF CZECH GREENWAYS INC
    515 AVE I 1B
    BROOKLYN,NY11230     		N/A PC Support Greenways programs and herb garden 15,000
    FRIENDS OF THE BRATTLEBORO MUSIC CENTER INC
    72 BLANCHE MOYSE WAY
    BRATTLEBORO,VT05301     		N/A PC General Operating Support/Capacity Building 25,000
    FRIENDS OF THE BRATTLEBORO MUSIC CENTER INC
    72 BLANCHE MOYSE WAY
    BRATTLEBORO,VT05301     		N/A PC to address copyright and related issues in connection with recording and materials related to Blanche Moyse's work and in furtherance of the creation of a digital, searchable, publicly available archive of that work to be housed at Brattleboro Music Center 11,250
    FRIENDS OF THE BRATTLEBORO MUSIC CENTER INC
    72 BLANCHE MOYSE WAY
    BRATTLEBORO,VT05301     		N/A PC to cover costs of moving property donated to BMC by the Foundation that is currently situated in the Foundation's Burlington office 1,000
    GATEWAYS MUSIC FESTIVAL INC
    26 GIBBS ST
    ROCHESTER,NY14604     		N/A PC General Operating Support 20,000
    GEDAKINA INC
    PO BOX 9061
    ESSEX,VT05451     		N/A PC COVID-19 emergency relief efforts 50,000
    GEDAKINA INC
    PO BOX 9061
    ESSEX,VT05451     		N/A PC to continue education staffing and work focused on indigenous education partnerships in Vermont and across northern New England 45,000
    GENERATOR INC
    40 SEARS LN
    BURLINGTON,VT05401     		N/A PC General Operating Support 25,000
    GINA GIBNEY DANCE INC
    890 BROADWAY 5TH FL
    NEW YORK,NY10003     		N/A PC Reflection, Research and Redesign initiative 156,000
    GINA GIBNEY DANCE INC
    890 BROADWAY 5TH FL
    NEW YORK,NY10003     		N/A PC Moving Toward Justice 80,000
    GLOBAL INVESTIGATIVE JOURNALISM NETWORK
    9404 CROSBY RD
    SILVER SPRING,MD20910     		N/A PC COVID-19 General Operating Support 100,000
    GOOD PEOPLE FUND INC
    384 WYOMING AVE
    MILLBURN,NJ07041     		N/A PC General Operating Support 3,000
    GOVERNORS INSTITUTES OF VERMONT
    20 W CANAL ST STE C5
    WINOOSKI,VT05404     		N/A PC General & Unrestricted 15,000
    GREATER MANHATTAN COMMUNITY FOUNDATION
    PO BOX 1127
    MANHATTAN,KS66505     		N/A PC Wamego Community Foundation for Wamego United COVID-19 Disaster Relief Fund 5,000
    HARMONY PROJECT HUDSON INC
    C/O BFFA 1430 BROADWAY STE 1208 ST
    NEW YORK,NY10018     		N/A PC General & Unrestricted 10,000
    HEIGHTS AND HILLS INC
    81 WILLOUGHBY ST 302
    BROOKLYN,NY11201     		N/A PC General Operating Support 2,000
    HONG KONG FREE PRESS LIMITED
    42 WONG CHUK HANG RD
    ABERDEEN,HONG KIONG ISLAND  
    HK     		N/A PC General Operating Support 15,000
    HONG KONG FREE PRESS LIMITED
    42 WONG CHUK HANG RD
    ABERDEEN,HONG KIONG ISLAND  
    HK     		N/A PC General & Unrestricted 90,000
    HOUSE OF HOPE MINISTRY INC
    2332 BEATTIES FORD RD
    CHARLOTTE,NC28216     		N/A PC General Operating Support 21,000
    ICIVICS INC
    1035 CAMBRIDGE ST STE 21B
    CAMBRIDGE,MA02141     		N/A PC General & Unrestricted 750
    IFETAYO CULTURAL ARTS ACADEMY INC
    495 FLATBUSH AVE 2ND FLOOR
    BROOKLYN,NY11225     		N/A PC COVID-19 Emergency Grant, General Operation Support 25,000
    INCLUSIVE ARTS VERMONT INC
    21 CARMICHAEL ST STE 206
    ESSEX JUNCTION,VT05452     		N/A PC Program Support: Collaborative Integrated Arts Residencies 7,500
    INDIAN LAW RESOURCE CENTER
    602 N EWING ST
    HELENA,MT59601     		N/A PC COVID-19 Emergency Grant, General Operating Support 75,000
    INDIAN LAW RESOURCE CENTER
    602 N EWING ST
    HELENA,MT59601     		N/A PC for its work to assist indigenous peoples in Brazil in furthering an international campaign for the purposes of protecting their rights and protecting the Amazon forest 85,000
    INSTITUTE FOR DEMOCRATIC EDUCATION IN AMERICA
    2008 W RIDGEWAY ST
    JACKSON,MS39213     		N/A PC Jackson Public Schools Initiative 150,000
    INSTITUTE OF EAST-WEST MEDICINE
    102 EAST 30 ST
    NEW YORK,NY10016     		N/A PC in support of the online promotion of the Institute's book on low cost cancer treatments 15,000
    INTERNATIONAL CONSORTIUM OF INVESTIGATIVE JOURNALI
    1710 RHODE ISLAND AVE NW 11TH FL
    WASHINGTON,DC20036     		N/A PC General & Unrestricted 30,000
    INTERNATIONAL INDIAN TREATY COUNCIL INC
    2940 16TH ST STE 305
    SAN FRANCISCO,CA94103     		N/A PC COVID-19 Emergency Grant, General Operating Support 40,000
    INTERNATIONAL INDIAN TREATY COUNCIL INC
    2940 16TH ST STE 305
    SAN FRANCISCO,CA94103     		N/A PC General Operating Support and Organizational Sustainability 300,000
    JAG PRODUCTIONS COMPANY
    PO BOX 354
    WHITE RIV JCT,VT05001     		N/A PC COVID Rapid Response Emergency Grant 100,000
    JAZZ AND CLASSICS FOR CHANGE INC
    56 FERN HILL RD
    GHENT,NY12075     		N/A PC Support of inaugural season concert series 1,000
    JOURNALISM DEVELOPMENT NETWORK INC
    1220 L ST NW STE 100
    WASHINGTON,DC20005     		N/A PC Organized Crime and Corruption Reporting Project 45,000
    JOURNALISM DEVELOPMENT NETWORK INC
    1220 L ST NW STE 100
    WASHINGTON,DC20005     		N/A PC COVID-19 emergency grant, general operating support 30,000
    JOY 2 LEARN FOUNDATION
    1617 3RD AVE 286403
    NEW YORK,NY10128     		N/A PC General & Unrestricted 25,000
    JOY 2 LEARN FOUNDATION
    1617 3RD AVE 286403
    NEW YORK,NY10128     		N/A PC General Operating Support 20,000
    KENMORE WEST ALUMNI FOUNDATION INC
    33 HIGHLAND PKWY
    BUFFALO,NY14223     		N/A PC Scholarship Fund 2,500
    KINGDOM COUNTY PRODUCTIONS
    61 MAIN ST
    DELHI,NY13753     		N/A PC project support for the creation and production of the Listen Up project 20,000
    LAKE CHAMPLAIN MARITIME MUSEUM AT BASIN HARBOR INC
    4472 BASIN HARBOR RD
    VERGENNES,VT05491     		N/A PC The Champlain Longboats Program 5,000
    LIVELIHOODS KNOWLEDGE EXCHANGE NETWORK INC
    109 ROSEMONT GDN
    LEXINGTON,KY40503     		N/A PC Indigenous Leadership in Climate Education project 18,000
    LOWER EAST SIDE TENEMENT MUSEUM
    103 ORCHARD ST 4TH FL
    NEW YORK,NY10002     		N/A PC The Tenement Museum's new marketing, development and communications capacity initiative 375,000
    MAPLE MICRODEVELOPMENT
    2175 ONYX ST
    EUGENE,OR97403     		N/A PC for the work in Chile 50,000
    MAPLE MICRODEVELOPMENT
    2175 ONYX ST
    EUGENE,OR97403     		N/A PC MAPLE Chile's preparation of Expression of Interest Letter 7,500
    MEDECINS SANS FRONTIERES USA INC - DOCTORS WITHOUT
    PO BOX 5030
    HAGERSTOWN,MD21741     		N/A PC General & Unrestricted 7,000
    MENTOR VERMONT INC
    19 MARBLE AVE
    BURLINGTON,VT05401     		N/A PC Vermont K-12 Mentoring Initiative 10,000
    MERCY SHIPS
    PO BOX 1930
    LINDALE,TX75771     		N/A PC General Operating Support 5,000
    MOUNT SINAI HOSPITAL
    ONE GUSTAVE L LEVY PL BOX 1049
    NEW YORK,NY10029     		N/A PC Department of Urology: Research Fellowship in the name of Hans E. Shapira, M.D. 500
    MOUNT TREMPER ARTS INC
    647 PLANK RD
    MOUNT TREMPER,NY12457     		N/A PC support for the artists residency program 1,000
    NATIONAL CENTER FOR FAIR & OPEN TESTING INC
    196 SPRING ST
    ARLINGTON,MA02476     		N/A PC General Operations 10,000
    NATIONAL CONGRESS OF AMERICAN INDIANS
    1516 P ST NW
    WASHINGTON,DC20005     		N/A PC COVID-19 Emergency Grant, general operations 100,000
    NATIONAL FRAGILE X FOUNDATION
    1861 INTERNATIONAL DR
    MCLEAN,VA22102     		N/A PC General Operating Support 1,000
    NATIONAL PUBLIC EDUCATION SUPPORT FUND
    1900 L ST NW STE 520
    WASHINGTON,DC20036     		N/A SO I Indigenous and Native American leaders in education 13,000
    NATIONAL PUBLIC EDUCATION SUPPORT FUND
    1900 L ST NW STE 520
    WASHINGTON,DC20036     		N/A SO I Engagement Process towards Indigenous & Native American Leaders in Education Gathering 13,000
    NATIONAL PUBLIC EDUCATION SUPPORT FUND
    1900 L ST NW STE 520
    WASHINGTON,DC20036     		N/A SO I Education Funder Strategy Group 25,000
    NATIVE AMERICAN RIGHTS FUND
    1506 BROADWAY
    BOULDER,CO80302     		N/A PC General Operating Support 125,000
    NEW ENGLAND YOUTH THEATER INC
    100 FLAT ST
    BRATTLEBORO,VT05301     		N/A PC General Operating Support 5,000
    NEW YORK UNIVERSITY - SCHOOL OF LAW
    22 WASHINGTON SQ NORTH
    NEW YORK,NY10011     		N/A PC Institute for Policy Integrity, COVID-19 Relief Plans 100,000
    NEW YORK UNIVERSITY - SCHOOL OF LAW
    22 WASHINGTON SQ NORTH
    NEW YORK,NY10011     		N/A PC Institute for Policy Integrity 300,000
    NEXT STAGE ARTS PROJECT INCORPORATED
    PO BOX 251
    PUTNEY,VT05346     		N/A PC General Operating Support 10,000
    NUESTRA ESCUELA INC
    73 CALLE BETANCES
    CAGUAS,PR00725     		N/A PC General & Unrestricted 25,000
    OUTRIGHT VERMONT
    PO BOX 5235
    BURLINGTON,VT05402     		N/A PC Education initiatives 30,000
    PLANNED PARENTHOOD FEDERATION OF AMERICA INC
    123 WILLIAMS ST 10TH FL
    NEW YORK,NY10038     		N/A PC General & Unrestricted 8,000
    PLENTY INTERNATIONAL
    PO BOX 394
    SUMMERTOWN,TN38483     		N/A PC Support for summer camp program for inner city youth 1,000
    PRESIDENT & FELLOWS OF MIDDLEBURY COLLEGE
    700 EXCHANGE ST
    MIDDLEBURY,VT05753     		N/A PC program support for What's the Story? The Vermont Young People Social Action Team (WTS VT) 20,000
    PROJECT EXPEDITE JUSTICE
    74-5617 PAWAI PL 208A
    KAILUA KONA,HI96740     		N/A PC General Operating Support 150,000
    QED FOUNDATION INC
    105 STATE RTE 101A UNIT 1A
    AMHERST,NH03031     		N/A PC expanding the Transformative Learning Collaborative 30,000
    QUEENS COMMUNITY HOUSE INC
    10825 62ND DR
    FOREST HILLS,NY11375     		N/A PC General Operating Support 13,500
    QUEENSBOROUGH COMMUNITY COLLEGE FUND INC
    222-05 56TH AVE SUITE A-504
    BAYSIDE,NY11364     		N/A PC Performing Arts Center 1,000
    RAINFOREST FOUNDATION INC
    PO BOX 26908
    BROOKLYN,NY11202     		N/A PC General & Unrestricted 50,000
    RAMAZ SCHOOL
    60 E 78TH ST
    NEW YORK,NY10075     		N/A PC For the Scholarship Fund and Special Education Needs 3,000
    ROCK THE VOTE
    1440 G ST NW
    WASHINGTON,DC20005     		N/A PC General Operating Support 125,000
    ROOT SOCIAL JUSTICE CENTER INC
    28 WILLIAMS ST
    BRATTLEBORO,VT05301     		N/A PC Development of the Vermont Statewide People of Color Caucus 15,000
    SAMUEL FIELD YM & YWHA INC
    5820 LITTLE NECK PKWY
    LITTLE NECK,NY11362     		N/A PC Counterpoint Together Queens For the Single Parent Initiative 5,000
    SANDGLASS CENTER FOR PUPPETRY & THEATER RESEARCH L
    PO BOX 970
    PUTNEY,VT05346     		N/A PC COVID Rapid Response - General Operating Support 30,000
    SCHOOL REFORM INITIATIVE INC
    1550 LARIMER ST BOX 257
    DENVER,CO80202     		N/A PC General & Unrestricted 50,000
    SERVICES FOR THE UNDERSERVED INC
    463 7TH AVE
    NEW YORK,NY10018     		N/A PC General & Unrestricted 75,000
    SERVICES FOR THE UNDERSERVED INC
    463 7TH AVE
    NEW YORK,NY10018     		N/A PC General Operating Support 15,000
    SHELBURNE FARMS
    1611 HARBOR RD
    SHELBURNE,VT05482     		N/A PC Capital Campaign Match 7,000
    SPECTRUM INC
    31 ELMWOOD AVE
    BURLINGTON,VT05401     		N/A PC Multicultural Youth Program (MYP) 17,500
    ST LUKES CHAMBER ENSEMBLE INC
    450 W 37TH ST STE 502
    NEW YORK,NY10018     		N/A PC General & Unrestricted 50,000
    ST LUKES CHAMBER ENSEMBLE INC
    450 W 37TH ST STE 502
    NEW YORK,NY10018     		N/A PC Charitable Event 10,000
    STAFFORD EDUCATION FOUNDATION INCORPORATED
    31 STAFFORD AVE
    STAFFORD,VA22554     		N/A PC Technology Students Association 10,000
    SUNDOG THEATER INC
    PO BOX 10183
    STATEN ISLAND,NY10301     		N/A PC COVID-19 emergency grant, general operating support 60,000
    SYNERGY LEARNING INTERNATIONAL INC
    PO BOX 206
    PUTNEY,VT05346     		N/A PC Project Support 25,000
    TEACHING MATTERS INC
    475 RIVERSIDE DR STE 1270
    NEW YORK,NY10115     		N/A PC COVID-19 Emergency Grant, General Operations 100,000
    THE BROOKLYN QUEENS CONSERVATORY OF MUSIC
    58 7TH AVE
    BROOKLYN,NY11217     		N/A PC COVID-19 Emergency grant, general operating support 50,000
    THE CENTER FOR AN AGRICULTURAL ECONOMY
    PO BOX 451
    HARDWICK,VT05843     		N/A PC Emergent Rural Education Model 40,000
    THE LAUNDROMAT PROJECT INC
    PO BOX 472917
    BROOKYLN,NY11247     		N/A PC in support of Laundromat's efforts to create content for Grantee's expanded online programming by offering micro-grant commissions to artists for creation of such content 30,000
    THE NEW YORK PUBLIC LIBRARY ASTOR LENOX AND TILDEN
    445 FIFTH AVE 4TH FLOOR
    NEW YORK,NY10016     		N/A PC three-year grant in support of the salary of the Dance Education Coordinator 47,150
    THE PROJECT ON GOVERNMENT OVERSIGHT INC
    1100 G ST NW SUITE 500
    WASHINGTON,DC20005     		N/A PC COVID-19 emergency grant, general operating support 50,000
    THE VOTER PARTICIPATION CENTER
    1707 L ST NW STE 950
    WASHINGTON,DC20036     		N/A PC General Operating Support 125,000
    THE YOUNG CENTER FOR IMMIGRANT CHILDRENS RIGHTS
    2245 S MICHIGAN AVE
    CHICAGO,IL60616     		N/A PC General & Unrestricted 25,000
    THE YOUNG CENTER FOR IMMIGRANT CHILDRENS RIGHTS
    2245 S MICHIGAN AVE
    CHICAGO,IL60616     		N/A PC General Operating Support 20,000
    THINKDANCE INC
    235 W 102ND ST APT 14T
    NEW YORK,NY10025     		N/A PC Support for projects that address environmental degradation and climate change 7,500
    THINKDANCE INC
    235 W 102ND ST APT 14T
    NEW YORK,NY10025     		N/A PC General & Unrestricted 25,000
    THOMAS COLE HISTORIC HOUSE
    218 SPRING ST
    CATSKILL,NY12414     		N/A PC General & Unrestricted 100,000
    TRIAL INTERNATIONAL
    PO BOX 5116
    GENEVA   1211
    SZ     		N/A PC general operating support, including continued work in Bosnia and Herzegovina 100,000
    TULSA COMMUNITY FOUNDATION
    7030 S YALE AVE STE 600
    TULSA,OK74136     		N/A PC General Operating Support for the Red Hawk Fund 100,000
    UNITARIAN UNIVERSALIST FELLOWSHIP OF FREDERICKSBUR
    25 CHALICE CIR
    FREDERICKSBRG,VA22405     		N/A PC To assist local families during the COVID-19 pandemic 30,000
    UNITED STATES ARTISTS INC
    200 W MADISON ST FL 3
    CHICAGO,IL60606     		N/A PC COVID-19 Artist Relief Fund 50,000
    UNIVERSITY OF COLORADO FOUNDATION
    PO BOX 17126
    DENVER,CO80217     		N/A PC Communications and Public Relations Project 144,000
    UNIVERSITY OF VERMONT AND STATE AGRICULTURAL COLLE
    411 MAIN ST
    BURLINGTON,VT05401     		N/A GOV matching funds for the National Endowment Challenge for the "Who Farms?" project, partnering with the VT Folklife Center 8,000
    UNLEASHING THE POWER OF PARTNERSHIP FOR LEARNING I
    155 ELM ST STE 1
    MONTPELIER,VT05602     		N/A PC General & Unrestricted 100,000
    VANDERBILT UNIVERSITY
    PMB 407727 2301 VANDERBILT PL
    NASHVILLE,TN37240     		N/A PC In support of Vanderbilt University Law School 500
    VERMONT COMMUNITY FOUNDATION
    3 COURT ST
    MIDDLEBURY,VT05753     		N/A PC Let's Grow Kids Make Way for Kids program 10,000
    VERMONT COMMUNITY GARDEN NETWORK INC
    12 N ST STE 5
    BURLINGTON,VT05401     		N/A PC General Operations 15,000
    VERMONT FOLKLIFE CENTER
    88 MAIN ST
    MIDDLEBURY,VT05753     		N/A PC Discovering Community Education Program 60,000
    VERMONT FOLKLIFE CENTER
    88 MAIN ST
    MIDDLEBURY,VT05753     		N/A PC In Tandem Arts project 10,000
    VERMONT PRINCIPALS ASSOCIATION INC
    2 PROSPECT ST STE 3
    MONTPELIER,VT05602     		N/A PC support the launch of the Affinity Group for Vermont Administrator's of Color project 5,000
    VERMONT PRINCIPALS ASSOCIATION INC
    2 PROSPECT ST STE 3
    MONTPELIER,VT05602     		N/A PC General Operations 25,000
    VERMONT PRINCIPALS ASSOCIATION INC
    2 PROSPECT ST STE 3
    MONTPELIER,VT05602     		N/A PC General & Unrestricted 35,000
    VERMONT RURAL EDUCATION COLLABORATIVE INC
    121 DUCHESS AVE SUITE A
    NEWPORT,VT05855     		N/A PC General Operations 45,000
    VERMONT YOUTH CONSERVATION CORPS INC
    1949 E MAIN ST
    RICHMOND,VT05477     		N/A PC COVID-19 Emergency Grant, General Operating Support 25,000
    VOICES FOR VERMONTS CHILDREN INC
    PO BOX 261
    MONTPELIER,VT05601     		N/A PC Parents & Youth for Change Program 20,000
    VOICES FOR VERMONTS CHILDREN INC
    PO BOX 261
    MONTPELIER,VT05601     		N/A PC Vermont Education Equity Project 75,000
    VOICES FOR VERMONTS CHILDREN INC
    PO BOX 261
    MONTPELIER,VT05601     		N/A PC general operating support 5,000
    VOTO LATINO FOUNDATION INC
    PO BOX 35608
    WASHINGTON,DC20033     		N/A PC General Operating Support 125,000
    WESTERN NATIVE VOICE
    PO BOX 1018
    BILLINGS,MT59103     		N/A PC General Operating Support 50,000
    WOOLMAN HILL INC
    107 KEETS RD
    DEERFIELD,MA01342     		N/A PC Covid Rapid Response - General Operating Support 30,000
    YALE UNIVERSITY
    PO BOX 208232
    NEW HAVEN,CT06520     		N/A PC Journal of Industrial Ecology 5,000
    YOUNG WRITERS PROJECT INC
    47 MAPLE ST STE 216
    BURLINGTON,VT05401     		N/A PC General & Unrestricted 100,000
    SHELBURNE FARMS
    1611 Harbor Rd
    Shelburne,VT05482     		N/A PC Capital Campaign & Education for Sustainability Program 450,000
    Total .................................bullet 3a 8,865,599
    bApproved for future payment
    Burlington City Arts Foundation Inc
    135 CHURCH ST
    BURLINGTON,VT05401     		N/A PC General Operating Support 5,000
    Allied Media Projects Inc
    4126 3RD ST
    DETROIT,MI48201     		N/A PC General Operations for People In Education 65,000
    Burlington School District
    150 COLCHESTER AVE
    BURLINGTON,VT05401     		N/A GOV Leading With Equity Toward Deeper Learning 20,000
    Burlington Schools Foundation
    PO BOX 3307
    BURLINGTON,VT05408     		N/A PC program support for the third year of the Burlington City and Lake Semester Program (BCL) 20,000
    Coalition for Green Capital
    310 W 47TH ST APT 3E
    NEW YORK,NY10036     		N/A PC General & Unrestricted 200,000
    Flow of History Inc
    729 UNION VILLAGE RD
    NORWICH,VT05055     		N/A PC Teaching about Slavery and its Legacies in Vermont and New Hampshire 15,000
    Generator Inc
    40 SEARS LN
    BURLINGTON,VT05401     		N/A PC Program support for two youth programs: 1) Generator Maker Mentors, 2) Generator Design Lab 20,000
    Govenors Institutes of Vermont Inc
    20 W CANAL ST STE C5
    WINOOSKI,VT05404     		N/A PC General Operating Support 10,000
    Inclusive Arts Vermont Inc
    20 W CANAL ST STE C8
    WINOOSKI,VT05404     		N/A PC Program Support: Collaborative Integrated Arts Residencies 7,500
    Institute for Democratic Education In America
    2008 W RIDGEWAY ST
    JACKSON,MS39213     		N/A PC General Operating Support 150,000
    Janet S Munt Family Room
    20 ALLEN ST
    BURLINGTON,VT054015619     		N/A PC Winooski Family Empowerment Project 30,000
    Lower East Side Tenement Museum
    103 ORCHARD ST 4TH FL
    NEW YORK,NY100023102     		N/A PC The Tenement Museum's new marketing, development and communications capacity initiative 375,000
    Mentor Vermont Inc
    19 MARBLE AVE
    BURLINGTON,VT05401     		N/A PC Vermont K-12 Mentoring Initiative 7,500
    New York University - School of Law
    22 WASHINGTON SQ N
    NEW YORK,NY10011     		N/A PC Institute for Policy Integrity 300,000
    Nuestra Escuela Inc
    352 AVE SAN CLAUDIO 133 PMB
    SAN JUAN,PR00926     		N/A PC General & Unrestricted 25,000
    Outright Vermont
    PO BOX 5235
    BURLINGTON,VT054025235     		N/A PC Education initiatives 60,000
    The Center for an Agricultural Economy
    PO BOX 451
    HARDWICK,VT05843     		N/A PC Emergent Model for Community-Based Rural Education 30,000
    Unleashing the Power of Partnership for Learning I
    155 ELM ST STE 1
    MONTPELIER,VT05602     		N/A PC General Operating Support 75,000
    Vermont Principals Association Inc
    2 PROSPECT ST STE 3
    MONTPELIER,VT05602     		N/A PC General Operations for the Equity Practitioner's Network (EPN) Program 25,000
    Vermont Rural Education Collaborative Inc
    121 DUCHESS AVE STE A
    NEWPORT,VT05855     		N/A PC General Operating Support 30,000
    Total .................................bullet 3b 1,470,000
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 20,155  
    4 Dividends and interest from securities....     14 625,040  
    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 5,097,844  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 Inc/Loss     		    14 101,238  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   5,844,277  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,844,277
    (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

    Form 990PF Part XV Line 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
    ABENAKI CIRCLE OF COURAGE65 CANADA ST STE RM 3
    SWANTON,VT05488     		N/A PC to purchase a van or bus to expand access and impact for Abenaki youth 20,000
    AFRO-LATIN JAZZ ALLIANCE OF NEW YORK INC646 MALCOLM X BLVD NO 206
    NEW YORK,NY10037     		N/A PC ALJA Emergency Artists Fund 10,000
    ALL FUR ANIMALS RESCUE32192 WILDERNESS FARMS RD
    LOCUST GROVE,VA22508     		N/A PC General & Unrestricted 10,000
    ALL SOULS CHURCH19 E 88TH ST
    NEW YORK,NY10128     		N/A PC General Operating Support 5,000
    ALLIED MEDIA PROJECTS INC4126 3RD ST
    DETROIT,MI48201     		N/A PC Director Invites Project 60,000
    ALZHEIMERS DISEASE AND RELATED DISORDERS NEW YORK360 LEXINGTON AVE 3RD FL
    NEW YORK,NY10017     		N/A PC General & Unrestricted 500
    ANTIOCH UNIVERSITY - DEVELOPMENT OFFICE40 AVON ST
    KEENE,NH03431     		N/A PC David Sobel Scholarship Fund 5,000
    ART IN THE NEIGHBORHOOD62 W ST
    BRATTLEBORO,VT05301     		N/A PC General & Unrestricted 2,500
    ASSOCIATION SHERPA94 RUE SAINT LAZARE
    PARIS   75009
    FR     		N/A PC General & Unrestricted 50,000
    BETHANY COLLEGE31 E CAMPUS DR
    BETHANY,WV26032     		N/A PC support Larry Grimes fund and operating support 3,500
    BIG PICTURE COMPANY INC325 PUBLIC ST
    PROVIDENCE,RI02905     		N/A PC Transforming PreK-12 Learning Practices in Vermont 50,000
    BIG PICTURE COMPANY INC325 PUBLIC ST
    PROVIDENCE,RI02905     		N/A PC Program Support 50,000
    BLACK PUBLIC MEDIA INC8 W 126TH ST STE 03D117
    NEW YORK,NY10027     		N/A PC COVID-19 Emergency Relief Fund (General Operating support) 10,000
    BLOOMAGAINBKLYN495 HENRY ST STE 255
    BROOKLYN,NY11231     		N/A PC General & Unrestricted 4,000
    BLOOMINGDALE SCHOOL OF MUSIC INC323 W 108TH ST
    NEW YORK,NY10025     		N/A PC in support of student scholarships through the end of the fall 2020 session 50,000
    BLOOMINGDALE SCHOOL OF MUSIC INC323 W 108TH ST
    NEW YORK,NY10025     		N/A PC BSM Major Donor Program 45,000
    BOGGS EDUCATIONAL CENTER PROJECT TEAM7600 GOETHE ST
    DETROIT,MI48214     		N/A PC Community Teachers Program 25,000
    BROOKLYN ACADEMY OF MUSIC INC30 LAFAYETTE AVE
    BROOKLYN,NY11217     		N/A PC General Operating Support 10,000
    BROOKLYN COLLEGE FOUNDATION INC2900 BEDFORD AVE INGERSOLL HALL
    BROOKLYN,NY11210     		N/A PC For the fund supporting the Corinne Steel Award for the Outstanding English Honors Thesis 3,500
    BROOKLYN COMMUNITY FOUNDATION1000 DEAN ST STE 307
    BROOKLYN,NY11238     		N/A PC COVID-19 Response Fund 10,000
    BROOKLYN COMMUNITY FOUNDATION1000 DEAN ST STE 307
    BROOKLYN,NY11238     		N/A PC COVID-19 Relief Fund 50,000
    BROOKLYN COMMUNITY FOUNDATION1000 DEAN ST STE 307
    BROOKLYN,NY11238     		N/A PC For the COVID Response Fund 750
    BROOKLYN FILMSHOP INC104 SULLIVAN ST 14
    NEW YORK,NY10012     		N/A PC In support of the Filmshop Exhibition 1,500
    BURLINGTON SCHOOLS FOUNDATIONPO BOX 3307
    BURLINGTON,VT05408     		N/A PC Burlington City and Lake Semester Pilot Phase 20,000
    CALIFORNIA COMMUNITY FOUNDATION221 S FIGUEROA ST STE 400
    LOS ANGELES,CA90012     		N/A PC Wildfire Relief Fund 50,000
    CALVARY HOSPITAL INC1740 EASTCHESTER RD
    BRONX,NY10461     		N/A PC Hospice Care 500
    CALVERT IMPACT CAPITAL INC7315 WISCONSIN AVE STE 1000W
    BETHESDA,MD20814     		N/A PC General & Unrestricted (see attached General Explanation) 1,194,699
    CANDID32 OLD SLIP
    NEW YORK,NY10005     		N/A PC General & Unrestricted 8,000
    CAPITAL AREA FOOD BANK4900 PUERTO RICO AVE NE
    WASHINGTON,DC20017     		N/A PC General Operating Support 3,000
    CENTER FOR REPRODUCTIVE RIGHTS INC199 WATER ST 22ND FLOOR
    NEW YORK,NY10038     		N/A PC General & Unrestricted 1,000
    CENTER FOR SUSTAINABLE SYSTEMS INCPO BOX 1345
    MONTPELIER,VT05601     		N/A PC Annual Programming 5,000
    CHANGING PERSPECTIVES INCPO BOX 694
    BRADFORD,VT05033     		N/A PC General & Unrestricted 18,000
    CHILDREN OF THE EARTH INC26 BAYCREST DR
    S BURLINGTON,VT05403     		N/A PC General Operating Support 2,500
    CINTOC4528 VAN NESS ST NW
    WASHINGTON,DC20016     		N/A PC General Operating Support 7,000
    CITIZENS FOR RESPONSIBILITY AND ETHICS IN WASHINGT1101 K ST NW
    WASHINGTON,DC20005     		N/A PC General & Unrestricted 20,000
    CITIZENS FOR RESPONSIBILITY AND ETHICS IN WASHINGT1101 K ST NW
    WASHINGTON,DC20005     		N/A PC COVID-19 emergency grant, general operating support 50,000
    CITY HARVEST INC6 EAST 32ND ST 5TH FLOOR
    NEW YORK,NY10016     		N/A PC General & Unrestricted 1,000
    CLEMMONS FAMILY FARM2213 GREENBUSH RD
    CHARLOTTE,VT05445     		N/A PC Program Support for the Vermont African Diaspora Artists Project 100,000
    COALITION FOR GREEN CAPITAL19 BAXTER LN
    WEST ORANGE,NJ07052     		N/A PC General & Unrestricted 200,000
    COALITION OF SCHOOLS EDUCATING BOYS OF COLOR INC255 MAIN ST 8TH FLOOR
    CAMBRIDGE,MA02142     		N/A PC COSEBOC Supports Jackson Public Schools 25,000
    COALITION OF SCHOOLS EDUCATING BOYS OF COLOR INC255 MAIN ST 8TH FLOOR
    CAMBRIDGE,MA02142     		N/A PC General Operating Support 50,000
    COMMUNITY ENGAGEMENT LAB INC41 SUMMER ST
    MONTPELIER,VT05602     		N/A PC General Support 50,000
    COMMUNITY-WORD PROJECT INC11 BROADWAY STE 508
    NEW YORK,NY10004     		N/A PC General & Unrestricted 50,000
    CONFLICT AWARENESS PROJECT14198 HARTS LN
    BEAVERDAM,VA23015     		N/A PC Congo Pillage Project 40,000
    CSC REPERTORY LTD136 E 13TH ST
    NEW YORK,NY10003     		N/A PC as atwo-year capacity-building grant to develop free, in-school education programs primarily for underserved Lower East Side youth in collaboration with Manhattan Youth, and a new family-friendly performance series for 5-10 year olds 20,000
    CSC REPERTORY LTD136 E 13TH ST
    NEW YORK,NY10003     		N/A PC General Operating Support 1,000
    CSC REPERTORY LTD136 E 13TH ST
    NEW YORK,NY10003     		N/A PC General & Unrestricted 11,000
    DC CENTRAL KITCHEN INC425 2ND ST NW
    WASHINGTON,DC20001     		N/A PC General & Unrestricted 1,500
    DIGITAL PROMISE GLOBAL1001 CONNECTICUT AVE NW STE 935
    WASHINGTON,DC20036     		N/A PC COVID-19 Emergency Grant, General Operations 100,000
    EARTHJUSTICE50 CALIFORNIA ST SUITE 500
    SAN FRANCISCO,CA94111     		N/A PC General & Unrestricted 100,000
    EARTHRIGHTS INTERNATIONAL INC1612 K ST NW STE 800
    WASHINGTON,DC20006     		N/A PC Support ERI's work with the Protect the Protest task force 20,000
    EARTHRIGHTS INTERNATIONAL INC1612 K ST NW STE 800
    WASHINGTON,DC20006     		N/A PC General & Unrestricted 130,000
    EARTHWALK VERMONT INCPO BOX 21
    PLAINFIELD,VT05667     		N/A PC Project Chrysalis - Planning a Decolonized Future for EarthWalk and N'Dakina 15,000
    EASTERN MICHIGAN UNIVERSITY FOUNDATION850 W CROSS ST
    YPSILANTI,MI48197     		N/A PC SEMIS 25,000
    EDUCATIONAL RESULTS PARTNERSHIP428 J ST STE 320
    SACRAMENTO,CA95814     		N/A PC General Operating Support 25,000
    EG JUSTICE103 MARIN DR
    CHAPEL HILL,NC27516     		N/A GOV General Operating Support 20,000
    ENDANGERED SPECIES COALITIONPO BOX 65195
    WASHINGTON,DC20035     		N/A PC COVID-19 Emergency Grant, General Operating Support 40,000
    ENDANGERED SPECIES COALITIONPO BOX 65195
    WASHINGTON,DC20035     		N/A PC General & Unrestricted 25,000
    ENVIRONMENTAL LAW ALLIANCE WORLDWIDE1412 PEARL ST
    EUGENE,OR97401     		N/A PC General Operating Support 25,000
    FEMINIST PRESS INC365 5TH AVE NO 5406
    NEW YORK,NY10016     		N/A PC General Operating Support 5,000
    FLOW OF HISTORY INC729 UNION VILLAGE RD
    NORWICH,VT05055     		N/A PC To continue professional development program for teachers: Using Inquiry to Inspire Civic Engagement 15,000
    FRACTURED ATLAS INCPO BOX 55
    HARTSDALE,NY10530     		N/A PC support of new concert series and consider Q Concerts as an exemplary and worthy organization 5,000
    FRIENDS OF CZECH GREENWAYS INC515 AVE I 1B
    BROOKLYN,NY11230     		N/A PC Support Greenways programs and herb garden 15,000
    FRIENDS OF THE BRATTLEBORO MUSIC CENTER INC72 BLANCHE MOYSE WAY
    BRATTLEBORO,VT05301     		N/A PC General Operating Support/Capacity Building 25,000
    FRIENDS OF THE BRATTLEBORO MUSIC CENTER INC72 BLANCHE MOYSE WAY
    BRATTLEBORO,VT05301     		N/A PC to address copyright and related issues in connection with recording and materials related to Blanche Moyse's work and in furtherance of the creation of a digital, searchable, publicly available archive of that work to be housed at Brattleboro Music Center 11,250
    FRIENDS OF THE BRATTLEBORO MUSIC CENTER INC72 BLANCHE MOYSE WAY
    BRATTLEBORO,VT05301     		N/A PC to cover costs of moving property donated to BMC by the Foundation that is currently situated in the Foundation's Burlington office 1,000
    GATEWAYS MUSIC FESTIVAL INC26 GIBBS ST
    ROCHESTER,NY14604     		N/A PC General Operating Support 20,000
    GEDAKINA INCPO BOX 9061
    ESSEX,VT05451     		N/A PC COVID-19 emergency relief efforts 50,000
    GEDAKINA INCPO BOX 9061
    ESSEX,VT05451     		N/A PC to continue education staffing and work focused on indigenous education partnerships in Vermont and across northern New England 45,000
    GENERATOR INC40 SEARS LN
    BURLINGTON,VT05401     		N/A PC General Operating Support 25,000
    GINA GIBNEY DANCE INC890 BROADWAY 5TH FL
    NEW YORK,NY10003     		N/A PC Reflection, Research and Redesign initiative 156,000
    GINA GIBNEY DANCE INC890 BROADWAY 5TH FL
    NEW YORK,NY10003     		N/A PC Moving Toward Justice 80,000
    GLOBAL INVESTIGATIVE JOURNALISM NETWORK9404 CROSBY RD
    SILVER SPRING,MD20910     		N/A PC COVID-19 General Operating Support 100,000
    GOOD PEOPLE FUND INC384 WYOMING AVE
    MILLBURN,NJ07041     		N/A PC General Operating Support 3,000
    GOVERNORS INSTITUTES OF VERMONT20 W CANAL ST STE C5
    WINOOSKI,VT05404     		N/A PC General & Unrestricted 15,000
    GREATER MANHATTAN COMMUNITY FOUNDATIONPO BOX 1127
    MANHATTAN,KS66505     		N/A PC Wamego Community Foundation for Wamego United COVID-19 Disaster Relief Fund 5,000
    HARMONY PROJECT HUDSON INCC/O BFFA 1430 BROADWAY STE 1208 ST
    NEW YORK,NY10018     		N/A PC General & Unrestricted 10,000
    HEIGHTS AND HILLS INC81 WILLOUGHBY ST 302
    BROOKLYN,NY11201     		N/A PC General Operating Support 2,000
    HONG KONG FREE PRESS LIMITED42 WONG CHUK HANG RD
    ABERDEEN,HONG KIONG ISLAND  
    HK     		N/A PC General Operating Support 15,000
    HONG KONG FREE PRESS LIMITED42 WONG CHUK HANG RD
    ABERDEEN,HONG KIONG ISLAND  
    HK     		N/A PC General & Unrestricted 90,000
    HOUSE OF HOPE MINISTRY INC2332 BEATTIES FORD RD
    CHARLOTTE,NC28216     		N/A PC General Operating Support 21,000
    ICIVICS INC1035 CAMBRIDGE ST STE 21B
    CAMBRIDGE,MA02141     		N/A PC General & Unrestricted 750
    IFETAYO CULTURAL ARTS ACADEMY INC495 FLATBUSH AVE 2ND FLOOR
    BROOKLYN,NY11225     		N/A PC COVID-19 Emergency Grant, General Operation Support 25,000
    INCLUSIVE ARTS VERMONT INC21 CARMICHAEL ST STE 206
    ESSEX JUNCTION,VT05452     		N/A PC Program Support: Collaborative Integrated Arts Residencies 7,500
    INDIAN LAW RESOURCE CENTER602 N EWING ST
    HELENA,MT59601     		N/A PC COVID-19 Emergency Grant, General Operating Support 75,000
    INDIAN LAW RESOURCE CENTER602 N EWING ST
    HELENA,MT59601     		N/A PC for its work to assist indigenous peoples in Brazil in furthering an international campaign for the purposes of protecting their rights and protecting the Amazon forest 85,000
    INSTITUTE FOR DEMOCRATIC EDUCATION IN AMERICA2008 W RIDGEWAY ST
    JACKSON,MS39213     		N/A PC Jackson Public Schools Initiative 150,000
    INSTITUTE OF EAST-WEST MEDICINE102 EAST 30 ST
    NEW YORK,NY10016     		N/A PC in support of the online promotion of the Institute's book on low cost cancer treatments 15,000
    INTERNATIONAL CONSORTIUM OF INVESTIGATIVE JOURNALI1710 RHODE ISLAND AVE NW 11TH FL
    WASHINGTON,DC20036     		N/A PC General & Unrestricted 30,000
    INTERNATIONAL INDIAN TREATY COUNCIL INC2940 16TH ST STE 305
    SAN FRANCISCO,CA94103     		N/A PC COVID-19 Emergency Grant, General Operating Support 40,000
    INTERNATIONAL INDIAN TREATY COUNCIL INC2940 16TH ST STE 305
    SAN FRANCISCO,CA94103     		N/A PC General Operating Support and Organizational Sustainability 300,000
    JAG PRODUCTIONS COMPANYPO BOX 354
    WHITE RIV JCT,VT05001     		N/A PC COVID Rapid Response Emergency Grant 100,000
    JAZZ AND CLASSICS FOR CHANGE INC56 FERN HILL RD
    GHENT,NY12075     		N/A PC Support of inaugural season concert series 1,000
    JOURNALISM DEVELOPMENT NETWORK INC1220 L ST NW STE 100
    WASHINGTON,DC20005     		N/A PC Organized Crime and Corruption Reporting Project 45,000
    JOURNALISM DEVELOPMENT NETWORK INC1220 L ST NW STE 100
    WASHINGTON,DC20005     		N/A PC COVID-19 emergency grant, general operating support 30,000
    JOY 2 LEARN FOUNDATION1617 3RD AVE 286403
    NEW YORK,NY10128     		N/A PC General & Unrestricted 25,000
    JOY 2 LEARN FOUNDATION1617 3RD AVE 286403
    NEW YORK,NY10128     		N/A PC General Operating Support 20,000
    KENMORE WEST ALUMNI FOUNDATION INC33 HIGHLAND PKWY
    BUFFALO,NY14223     		N/A PC Scholarship Fund 2,500
    KINGDOM COUNTY PRODUCTIONS61 MAIN ST
    DELHI,NY13753     		N/A PC project support for the creation and production of the Listen Up project 20,000
    LAKE CHAMPLAIN MARITIME MUSEUM AT BASIN HARBOR INC4472 BASIN HARBOR RD
    VERGENNES,VT05491     		N/A PC The Champlain Longboats Program 5,000
    LIVELIHOODS KNOWLEDGE EXCHANGE NETWORK INC109 ROSEMONT GDN
    LEXINGTON,KY40503     		N/A PC Indigenous Leadership in Climate Education project 18,000
    LOWER EAST SIDE TENEMENT MUSEUM103 ORCHARD ST 4TH FL
    NEW YORK,NY10002     		N/A PC The Tenement Museum's new marketing, development and communications capacity initiative 375,000
    MAPLE MICRODEVELOPMENT2175 ONYX ST
    EUGENE,OR97403     		N/A PC for the work in Chile 50,000
    MAPLE MICRODEVELOPMENT2175 ONYX ST
    EUGENE,OR97403     		N/A PC MAPLE Chile's preparation of Expression of Interest Letter 7,500
    MEDECINS SANS FRONTIERES USA INC - DOCTORS WITHOUTPO BOX 5030
    HAGERSTOWN,MD21741     		N/A PC General & Unrestricted 7,000
    MENTOR VERMONT INC19 MARBLE AVE
    BURLINGTON,VT05401     		N/A PC Vermont K-12 Mentoring Initiative 10,000
    MERCY SHIPSPO BOX 1930
    LINDALE,TX75771     		N/A PC General Operating Support 5,000
    MOUNT SINAI HOSPITALONE GUSTAVE L LEVY PL BOX 1049
    NEW YORK,NY10029     		N/A PC Department of Urology: Research Fellowship in the name of Hans E. Shapira, M.D. 500
    MOUNT TREMPER ARTS INC647 PLANK RD
    MOUNT TREMPER,NY12457     		N/A PC support for the artists residency program 1,000
    NATIONAL CENTER FOR FAIR & OPEN TESTING INC196 SPRING ST
    ARLINGTON,MA02476     		N/A PC General Operations 10,000
    NATIONAL CONGRESS OF AMERICAN INDIANS1516 P ST NW
    WASHINGTON,DC20005     		N/A PC COVID-19 Emergency Grant, general operations 100,000
    NATIONAL FRAGILE X FOUNDATION1861 INTERNATIONAL DR
    MCLEAN,VA22102     		N/A PC General Operating Support 1,000
    NATIONAL PUBLIC EDUCATION SUPPORT FUND1900 L ST NW STE 520
    WASHINGTON,DC20036     		N/A SO I Indigenous and Native American leaders in education 13,000
    NATIONAL PUBLIC EDUCATION SUPPORT FUND1900 L ST NW STE 520
    WASHINGTON,DC20036     		N/A SO I Engagement Process towards Indigenous & Native American Leaders in Education Gathering 13,000
    NATIONAL PUBLIC EDUCATION SUPPORT FUND1900 L ST NW STE 520
    WASHINGTON,DC20036     		N/A SO I Education Funder Strategy Group 25,000
    NATIVE AMERICAN RIGHTS FUND1506 BROADWAY
    BOULDER,CO80302     		N/A PC General Operating Support 125,000
    NEW ENGLAND YOUTH THEATER INC100 FLAT ST
    BRATTLEBORO,VT05301     		N/A PC General Operating Support 5,000
    NEW YORK UNIVERSITY - SCHOOL OF LAW22 WASHINGTON SQ NORTH
    NEW YORK,NY10011     		N/A PC Institute for Policy Integrity, COVID-19 Relief Plans 100,000
    NEW YORK UNIVERSITY - SCHOOL OF LAW22 WASHINGTON SQ NORTH
    NEW YORK,NY10011     		N/A PC Institute for Policy Integrity 300,000
    NEXT STAGE ARTS PROJECT INCORPORATEDPO BOX 251
    PUTNEY,VT05346     		N/A PC General Operating Support 10,000
    NUESTRA ESCUELA INC73 CALLE BETANCES
    CAGUAS,PR00725     		N/A PC General & Unrestricted 25,000
    OUTRIGHT VERMONTPO BOX 5235
    BURLINGTON,VT05402     		N/A PC Education initiatives 30,000
    PLANNED PARENTHOOD FEDERATION OF AMERICA INC123 WILLIAMS ST 10TH FL
    NEW YORK,NY10038     		N/A PC General & Unrestricted 8,000
    PLENTY INTERNATIONALPO BOX 394
    SUMMERTOWN,TN38483     		N/A PC Support for summer camp program for inner city youth 1,000
    PRESIDENT & FELLOWS OF MIDDLEBURY COLLEGE700 EXCHANGE ST
    MIDDLEBURY,VT05753     		N/A PC program support for What's the Story? The Vermont Young People Social Action Team (WTS VT) 20,000
    PROJECT EXPEDITE JUSTICE74-5617 PAWAI PL 208A
    KAILUA KONA,HI96740     		N/A PC General Operating Support 150,000
    QED FOUNDATION INC105 STATE RTE 101A UNIT 1A
    AMHERST,NH03031     		N/A PC expanding the Transformative Learning Collaborative 30,000
    QUEENS COMMUNITY HOUSE INC10825 62ND DR
    FOREST HILLS,NY11375     		N/A PC General Operating Support 13,500
    QUEENSBOROUGH COMMUNITY COLLEGE FUND INC222-05 56TH AVE SUITE A-504
    BAYSIDE,NY11364     		N/A PC Performing Arts Center 1,000
    RAINFOREST FOUNDATION INCPO BOX 26908
    BROOKLYN,NY11202     		N/A PC General & Unrestricted 50,000
    RAMAZ SCHOOL60 E 78TH ST
    NEW YORK,NY10075     		N/A PC For the Scholarship Fund and Special Education Needs 3,000
    ROCK THE VOTE1440 G ST NW
    WASHINGTON,DC20005     		N/A PC General Operating Support 125,000
    ROOT SOCIAL JUSTICE CENTER INC28 WILLIAMS ST
    BRATTLEBORO,VT05301     		N/A PC Development of the Vermont Statewide People of Color Caucus 15,000
    SAMUEL FIELD YM & YWHA INC5820 LITTLE NECK PKWY
    LITTLE NECK,NY11362     		N/A PC Counterpoint Together Queens For the Single Parent Initiative 5,000
    SANDGLASS CENTER FOR PUPPETRY & THEATER RESEARCH LPO BOX 970
    PUTNEY,VT05346     		N/A PC COVID Rapid Response - General Operating Support 30,000
    SCHOOL REFORM INITIATIVE INC1550 LARIMER ST BOX 257
    DENVER,CO80202     		N/A PC General & Unrestricted 50,000
    SERVICES FOR THE UNDERSERVED INC463 7TH AVE
    NEW YORK,NY10018     		N/A PC General & Unrestricted 75,000
    SERVICES FOR THE UNDERSERVED INC463 7TH AVE
    NEW YORK,NY10018     		N/A PC General Operating Support 15,000
    SHELBURNE FARMS1611 HARBOR RD
    SHELBURNE,VT05482     		N/A PC Capital Campaign Match 7,000
    SPECTRUM INC31 ELMWOOD AVE
    BURLINGTON,VT05401     		N/A PC Multicultural Youth Program (MYP) 17,500
    ST LUKES CHAMBER ENSEMBLE INC450 W 37TH ST STE 502
    NEW YORK,NY10018     		N/A PC General & Unrestricted 50,000
    ST LUKES CHAMBER ENSEMBLE INC450 W 37TH ST STE 502
    NEW YORK,NY10018     		N/A PC Charitable Event 10,000
    STAFFORD EDUCATION FOUNDATION INCORPORATED31 STAFFORD AVE
    STAFFORD,VA22554     		N/A PC Technology Students Association 10,000
    SUNDOG THEATER INCPO BOX 10183
    STATEN ISLAND,NY10301     		N/A PC COVID-19 emergency grant, general operating support 60,000
    SYNERGY LEARNING INTERNATIONAL INCPO BOX 206
    PUTNEY,VT05346     		N/A PC Project Support 25,000
    TEACHING MATTERS INC475 RIVERSIDE DR STE 1270
    NEW YORK,NY10115     		N/A PC COVID-19 Emergency Grant, General Operations 100,000
    THE BROOKLYN QUEENS CONSERVATORY OF MUSIC58 7TH AVE
    BROOKLYN,NY11217     		N/A PC COVID-19 Emergency grant, general operating support 50,000
    THE CENTER FOR AN AGRICULTURAL ECONOMYPO BOX 451
    HARDWICK,VT05843     		N/A PC Emergent Rural Education Model 40,000
    THE LAUNDROMAT PROJECT INCPO BOX 472917
    BROOKYLN,NY11247     		N/A PC in support of Laundromat's efforts to create content for Grantee's expanded online programming by offering micro-grant commissions to artists for creation of such content 30,000
    THE NEW YORK PUBLIC LIBRARY ASTOR LENOX AND TILDEN445 FIFTH AVE 4TH FLOOR
    NEW YORK,NY10016     		N/A PC three-year grant in support of the salary of the Dance Education Coordinator 47,150
    THE PROJECT ON GOVERNMENT OVERSIGHT INC1100 G ST NW SUITE 500
    WASHINGTON,DC20005     		N/A PC COVID-19 emergency grant, general operating support 50,000
    THE VOTER PARTICIPATION CENTER1707 L ST NW STE 950
    WASHINGTON,DC20036     		N/A PC General Operating Support 125,000
    THE YOUNG CENTER FOR IMMIGRANT CHILDRENS RIGHTS2245 S MICHIGAN AVE
    CHICAGO,IL60616     		N/A PC General & Unrestricted 25,000
    THE YOUNG CENTER FOR IMMIGRANT CHILDRENS RIGHTS2245 S MICHIGAN AVE
    CHICAGO,IL60616     		N/A PC General Operating Support 20,000
    THINKDANCE INC235 W 102ND ST APT 14T
    NEW YORK,NY10025     		N/A PC Support for projects that address environmental degradation and climate change 7,500
    THINKDANCE INC235 W 102ND ST APT 14T
    NEW YORK,NY10025     		N/A PC General & Unrestricted 25,000
    THOMAS COLE HISTORIC HOUSE218 SPRING ST
    CATSKILL,NY12414     		N/A PC General & Unrestricted 100,000
    TRIAL INTERNATIONALPO BOX 5116
    GENEVA   1211
    SZ     		N/A PC general operating support, including continued work in Bosnia and Herzegovina 100,000
    TULSA COMMUNITY FOUNDATION7030 S YALE AVE STE 600
    TULSA,OK74136     		N/A PC General Operating Support for the Red Hawk Fund 100,000
    UNITARIAN UNIVERSALIST FELLOWSHIP OF FREDERICKSBUR25 CHALICE CIR
    FREDERICKSBRG,VA22405     		N/A PC To assist local families during the COVID-19 pandemic 30,000
    UNITED STATES ARTISTS INC200 W MADISON ST FL 3
    CHICAGO,IL60606     		N/A PC COVID-19 Artist Relief Fund 50,000
    UNIVERSITY OF COLORADO FOUNDATIONPO BOX 17126
    DENVER,CO80217     		N/A PC Communications and Public Relations Project 144,000
    UNIVERSITY OF VERMONT AND STATE AGRICULTURAL COLLE411 MAIN ST
    BURLINGTON,VT05401     		N/A GOV matching funds for the National Endowment Challenge for the "Who Farms?" project, partnering with the VT Folklife Center 8,000
    UNLEASHING THE POWER OF PARTNERSHIP FOR LEARNING I155 ELM ST STE 1
    MONTPELIER,VT05602     		N/A PC General & Unrestricted 100,000
    VANDERBILT UNIVERSITYPMB 407727 2301 VANDERBILT PL
    NASHVILLE,TN37240     		N/A PC In support of Vanderbilt University Law School 500
    VERMONT COMMUNITY FOUNDATION3 COURT ST
    MIDDLEBURY,VT05753     		N/A PC Let's Grow Kids Make Way for Kids program 10,000
    VERMONT COMMUNITY GARDEN NETWORK INC12 N ST STE 5
    BURLINGTON,VT05401     		N/A PC General Operations 15,000
    VERMONT FOLKLIFE CENTER88 MAIN ST
    MIDDLEBURY,VT05753     		N/A PC Discovering Community Education Program 60,000
    VERMONT FOLKLIFE CENTER88 MAIN ST
    MIDDLEBURY,VT05753     		N/A PC In Tandem Arts project 10,000
    VERMONT PRINCIPALS ASSOCIATION INC2 PROSPECT ST STE 3
    MONTPELIER,VT05602     		N/A PC support the launch of the Affinity Group for Vermont Administrator's of Color project 5,000
    VERMONT PRINCIPALS ASSOCIATION INC2 PROSPECT ST STE 3
    MONTPELIER,VT05602     		N/A PC General Operations 25,000
    VERMONT PRINCIPALS ASSOCIATION INC2 PROSPECT ST STE 3
    MONTPELIER,VT05602     		N/A PC General & Unrestricted 35,000
    VERMONT RURAL EDUCATION COLLABORATIVE INC121 DUCHESS AVE SUITE A
    NEWPORT,VT05855     		N/A PC General Operations 45,000
    VERMONT YOUTH CONSERVATION CORPS INC1949 E MAIN ST
    RICHMOND,VT05477     		N/A PC COVID-19 Emergency Grant, General Operating Support 25,000
    VOICES FOR VERMONTS CHILDREN INCPO BOX 261
    MONTPELIER,VT05601     		N/A PC Parents & Youth for Change Program 20,000
    VOICES FOR VERMONTS CHILDREN INCPO BOX 261
    MONTPELIER,VT05601     		N/A PC Vermont Education Equity Project 75,000
    VOICES FOR VERMONTS CHILDREN INCPO BOX 261
    MONTPELIER,VT05601     		N/A PC general operating support 5,000
    VOTO LATINO FOUNDATION INCPO BOX 35608
    WASHINGTON,DC20033     		N/A PC General Operating Support 125,000
    WESTERN NATIVE VOICEPO BOX 1018
    BILLINGS,MT59103     		N/A PC General Operating Support 50,000
    WOOLMAN HILL INC107 KEETS RD
    DEERFIELD,MA01342     		N/A PC Covid Rapid Response - General Operating Support 30,000
    YALE UNIVERSITYPO BOX 208232
    NEW HAVEN,CT06520     		N/A PC Journal of Industrial Ecology 5,000
    YOUNG WRITERS PROJECT INC47 MAPLE ST STE 216
    BURLINGTON,VT05401     		N/A PC General & Unrestricted 100,000
    SHELBURNE FARMS1611 Harbor Rd
    Shelburne,VT05482     		N/A PC Capital Campaign & Education for Sustainability Program 450,000
    Total ...............................bullet 3a 8,865,599
    bApproved for future payment
    Burlington City Arts Foundation Inc135 CHURCH ST
    BURLINGTON,VT05401     		N/A PC General Operating Support 5,000
    Allied Media Projects Inc4126 3RD ST
    DETROIT,MI48201     		N/A PC General Operations for People In Education 65,000
    Burlington School District150 COLCHESTER AVE
    BURLINGTON,VT05401     		N/A GOV Leading With Equity Toward Deeper Learning 20,000
    Burlington Schools FoundationPO BOX 3307
    BURLINGTON,VT05408     		N/A PC program support for the third year of the Burlington City and Lake Semester Program (BCL) 20,000
    Coalition for Green Capital310 W 47TH ST APT 3E
    NEW YORK,NY10036     		N/A PC General & Unrestricted 200,000
    Flow of History Inc729 UNION VILLAGE RD
    NORWICH,VT05055     		N/A PC Teaching about Slavery and its Legacies in Vermont and New Hampshire 15,000
    Generator Inc40 SEARS LN
    BURLINGTON,VT05401     		N/A PC Program support for two youth programs: 1) Generator Maker Mentors, 2) Generator Design Lab 20,000
    Govenors Institutes of Vermont Inc20 W CANAL ST STE C5
    WINOOSKI,VT05404     		N/A PC General Operating Support 10,000
    Inclusive Arts Vermont Inc20 W CANAL ST STE C8
    WINOOSKI,VT05404     		N/A PC Program Support: Collaborative Integrated Arts Residencies 7,500
    Institute for Democratic Education In America2008 W RIDGEWAY ST
    JACKSON,MS39213     		N/A PC General Operating Support 150,000
    Janet S Munt Family Room20 ALLEN ST
    BURLINGTON,VT054015619     		N/A PC Winooski Family Empowerment Project 30,000
    Lower East Side Tenement Museum103 ORCHARD ST 4TH FL
    NEW YORK,NY100023102     		N/A PC The Tenement Museum's new marketing, development and communications capacity initiative 375,000
    Mentor Vermont Inc19 MARBLE AVE
    BURLINGTON,VT05401     		N/A PC Vermont K-12 Mentoring Initiative 7,500
    New York University - School of Law22 WASHINGTON SQ N
    NEW YORK,NY10011     		N/A PC Institute for Policy Integrity 300,000
    Nuestra Escuela Inc352 AVE SAN CLAUDIO 133 PMB
    SAN JUAN,PR00926     		N/A PC General & Unrestricted 25,000
    Outright VermontPO BOX 5235
    BURLINGTON,VT054025235     		N/A PC Education initiatives 60,000
    The Center for an Agricultural EconomyPO BOX 451
    HARDWICK,VT05843     		N/A PC Emergent Model for Community-Based Rural Education 30,000
    Unleashing the Power of Partnership for Learning I155 ELM ST STE 1
    MONTPELIER,VT05602     		N/A PC General Operating Support 75,000
    Vermont Principals Association Inc2 PROSPECT ST STE 3
    MONTPELIER,VT05602     		N/A PC General Operations for the Equity Practitioner's Network (EPN) Program 25,000
    Vermont Rural Education Collaborative Inc121 DUCHESS AVE STE A
    NEWPORT,VT05855     		N/A PC General Operating Support 30,000
    Total ................................bullet 3b 1,470,000

    TY 2020 AccountingFeesSchedule
    Name:
    The Bay and Paul Foundations Inc
    EIN:
    13-1991717
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Audit Fees 25,700 25,700   0
    TAX RETURN PREPARATION/REVIEW 0     2,500

    TY 2020 CompensationExplanation
    Name:
    The Bay and Paul Foundations Inc
    EIN:
    13-1991717
    Person Name Explanation
    Corinne Steel *Resigned from the foundation

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

    TY 2020 DepreciationSchedule
    Name:
    The Bay and Paul Foundations Inc
    EIN:
    13-1991717
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

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    TY 2020 ExpenditureResponsibilityStmt
    Name:
    The Bay and Paul Foundations Inc
    EIN:
    13-1991717
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    WILLOWELL FOUNDATION INC
          		PO BOX 314
    BRISTOL,VT05443     		2018-05-17 25,000 TO SUPPORT THE PRE K-12 TRANSFORMATIVE LEARNING PRACTICES 25,000 NO 1/22/19, 11/27/19   NONE NECESSARY
    VERMONT NEA INC
          		10 WHEELOCK ST
    MONTPELIER,VT05602     		2018-08-20 25,000 TO SUPPORT THE RACIAL JUSTICE LIAISON PROJECT 25,000 NO 3/28/19, 5/6/21   NONE NECESSARY
    WILLOWELL FOUNDATION INC
          		PO BOX 314
    BRISTOL,VT05443     		2019-07-22 15,000 TO SUPPORT THE PRE K-12 TRANSFORMATIVE LEARNING PRACTICES 15,000 NO 1/27/21   NONE NECESSARY

    TY 2020 GeneralExplanationAttachment
    Name:
    The Bay and Paul Foundations Inc
    EIN:
    13-1991717
    Identifier Return Reference Explanation
    IN-KIND GRANTS PART I LINE 25 AND PART XV LINE 3A DISTRIBUTIONS OF PROPERTY VALUE AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION METHOD FOR DETERMINING FMV OF SECURITIES: Fair market value on date granted to charity METHOD OF DETERMINING BOOK VALUE OF SECURITIES: Cost TOTAL FAIR MARKET VALUE OF PROPERTY: $1,194,699 TOTAL BOOK VALUE OF PROPERTY: $1,155,000 TOTAL CASH PORTION OF GRANTS: $- TOTAL AMOUNT OF GRANTS: $1,194,699 DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: GENERATION IM SSF III (B) LP DATE OF DISTRIBUTION: 11/19/2020 GRANT RECIPIENT: CALVERT IMPACT CAPITAL INC FMV OF PROPERTY: $1,194,699 BOOK VALUE OF PROPERTY: $1,155,000 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $1,194,699

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    The Bay and Paul Foundations Inc
    EIN:
    13-1991717
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN EXPRESS CO NOTE - 2.5 180,560 180,560
    ANHEUSER-BUSCH - 3.650% - 02/0 197,771 197,771
    ANTHEM INC NOTE - 3.650% - 12/ 195,948 195,948
    APPLE INC - 2.850% - 02/23/202 288,629 288,629
    AT&T INC - 4.125% - 02/17/2026 248,539 248,539
    AVALONBAY CMNTYS INC - 2.950% 108,951 108,951
    BANK NEW YORK - 3.550% - 09/23 321,669 321,669
    BOSTON PPTYS - 3.800% - 02/01/ 108,550 108,550
    CATERPILLAR - 2.850% - 05/17/2 328,333 328,333
    DEERE JOHN CAP CORP BOND - 2.8 332,460 332,460
    DISNEY WALT CO - 2.000% - 09/0 286,929 286,929
    ESTEE LAUDER COS INC - 3.150% 151,767 151,767
    GENERAL MLS INC NOTE CALL MAKE 223,261 223,261
    HOME DEPOT - 3.000% - 04/01/20 312,028 312,028
    INTL FINANCE CORP - 2.250% - 0 310,394 310,394
    JPMORGAN CHASE &CO NOTE - 2.95 421,586 421,586
    LOWES COS INC - 3.100% - 05/03 269,258 269,258
    MERCK &CO INC - 3.400% - 03/07 360,645 360,645
    MICROSOFT CORP - 2.700% - 02/1 238,995 238,995
    MORGAN STANLEY - 2.625% - 11/1 234,457 234,457
    NORTHEAST UTILS - 2.800% - 05/ 162,632 162,632
    ORACLE CORP NOTE - 2.400% - 09 246,894 246,894
    PEPSICO INC - 2.750% - 03/05/2 174,992 174,992
    SIMON PPTY GROUP LP - 3.375% - 184,831 184,831
    STARBUCKS - 3.500% - 03/01/202 229,234 229,234
    STATE STR CORP NOTE - 2.354% - 298,841 298,841
    TORONTO DOMINION BANK - 2.125% 316,553 316,553
    UNITEDHEALTH GROUP INC - 3.750 284,663 284,663
    US BANCORP - 2.375% - 07/22/20 421,233 421,233
    VERIZON COMMUNICATIONS INC - 5 230,737 230,737
    AFRICAN DEV BK BOND - .75% 4/3 192,257 192,257

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Bay and Paul Foundations Inc
    EIN:
    13-1991717
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CRA QUALIFIED INVESTMENT FD 1,991,973 1,991,973

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    The Bay and Paul Foundations Inc
    EIN:
    13-1991717
    US Government Securities - End of Year Book Value:

    4,764,674
    US Government Securities - End of Year Fair Market Value:

    4,764,674
    State & Local Government Securities - End of Year Book Value:


    3,462,961
    State & Local Government Securities - End of Year Fair Market Value:


    3,462,961


    TY 2020 LegalFeesSchedule
    Name:
    The Bay and Paul Foundations Inc
    EIN:
    13-1991717
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Consultations 11,699     11,699
    EXECUTIVE EMPLOYMENT MATTERS 5,203     5,203


    TY 2020 OtherAssetsSchedule
    Name:
    The Bay and Paul Foundations Inc
    EIN:
    13-1991717
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSITS   4,875 4,875


    TY 2020 OtherDecreasesSchedule
    Name:
    The Bay and Paul Foundations Inc
    EIN:
    13-1991717
    Description Amount
    UNREALIZED LOSS IN VALUE OF INVESTMENTS 4,466,776


    TY 2020 OtherExpensesSchedule
    Name:
    The Bay and Paul Foundations Inc
    EIN:
    13-1991717
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 95,310     96,364
    Bank Charges 4,629 4,629    
    Computers/Electronic Devices 1,668 83   1,585
    Foundation Dues & Memberships 1,000 50   950
    INSURANCE PREMIUMS 5,345 267   7,063
    K-1 Exp GENERATION IM ASIA FUN 9,427 9,427    
    K-1 Exp GENERATION IM GLOBAL E 54,637 54,637    
    OFFICE EXPENSES 5,136 257   4,879
    POSTAGE/DELIVERY SERVICES 792 40   752
    State or Local Filing Fees 1,689     1,689
    Website Hosting/Support 8,995 450   8,545
    INDEMNIFICATION INSURANCE 5,045 252   4,855


    TY 2020 OtherIncomeSchedule2
    Name:
    The Bay and Paul Foundations Inc
    EIN:
    13-1991717
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss GENERATION IM ASIA FUND, L.P 46,745 46,745  
    K-1 Inc/Loss GENERATION IM GLOBAL EQ FUND LLC 54,493 54,493  


    TY 2020 OtherIncreasesSchedule
    Name:
    The Bay and Paul Foundations Inc
    EIN:
    13-1991717
    Description Amount
    RETURNED GRANT 11,238


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Bay and Paul Foundations Inc
    EIN:
    13-1991717
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 188,411 188,411    
    Philanthropic Consulting Srvcs 72,878     73,724
    RETIREMENT PLAN CONSULTING 10,640     11,320
    PAYROLL PROCESSING FEES 3,387     3,387
    INVESTMNT COMMITTEE CONSULTANT 2,100 2,100    
    WEBSITE DEVELOPMENT 45     45


    TY 2020 TaxesSchedule
    Name:
    The Bay and Paul Foundations Inc
    EIN:
    13-1991717
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 13,658      
    FOREIGN TAX 8,402 8,402    
    IRS MISC. FEE 16