TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
LAW FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)820 MORRIS TURNPIKE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
SHORT HILLS, NJ07078

A Employer identification number

22-3074635

B Telephone number (see instructions)

(973) 924-8246

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$215,199,502J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	10,147,304
2	Check .............
3	Interest on savings and temporary cash investments	6,054		6,054
4	Dividends and interest from securities...	6,214,994		6,214,994
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-872,938
b	Gross sales price for all assets on line 6a 44,708,271
7	Capital gain net income (from Part IV, line 2)...			0
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).......		403,321	-131,904
12	Total. Add lines 1 through 11........	15,898,735		6,089,144
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		2,230	2,230	0
b	Accounting fees (attach schedule).......		4,500	4,500	0
c	Other professional fees (attach schedule)....		283,100	283,100	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		187,308	792	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		338,428	249,910	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	815,566		540,532	0
25	Contributions, gifts, grants paid.......	8,907,100			8,907,100
26	Total expenses and disbursements. Add lines 24 and 25	9,722,666		540,532	8,907,100
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	6,176,069
b	Net investment income (if negative, enter -0-)			5,548,612
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	5,047,654	8,250,551	8,250,551
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	1,941,667	1,123,394	1,303,082
	b	Investments—corporate stock (attach schedule).......	26,278,514	30,423,615	30,102,017
	c	Investments—corporate bonds (attach schedule).......	101,551,605	97,857,061	104,686,326
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	59,223,161	67,130,932	70,857,526
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	194,042,601	204,785,553	215,199,502
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	194,042,601	204,785,553
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		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).....	194,042,601	204,785,553
	30	Total liabilities and net assets/fund balances (see instructions).	194,042,601	204,785,553

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

194,042,601

Enter amount from Part I, line 27a .....................

6,176,069

Other increases not included in line 2 (itemize) bullet

4,566,883

Add lines 1, 2, and 3 ..........................

204,785,553

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

204,785,553

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
1 a	PUBLICLY TRADED SECURITIES	P
b	CAPITAL GAIN FROM PARTNERSHIP	P
c	CAPITAL GAIN DISTRIBUTION	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	43,441,829	44,801,812	-1,359,983
b	617,554	286,735	330,819
c	648,888		648,888
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-1,359,983
b			330,819
c			648,888
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-380,276
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 ...................		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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	77,126
c	All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	77,126
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	77,126
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	164,544
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	164,544
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	87,418
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax87,418	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

Yes

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 . Click to see attachment

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

CITRIN COOPERMAN Telephone no. bullet

(212) 697-1000

Located at bullet

50 ROCKEFELLER PLAZANEW YORKNY ZIP+4 bullet

10020

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
LEONARD WILF	TRUSTEE, CHAIRMAN & PRESIDENT 0.25	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE, CHAIRMAN & PRESIDENT 0.25	0	0	0
ORIN WILF	TRUSTEE & VICE PRESIDENT 0.25	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE & VICE PRESIDENT 0.25	0	0	0
BETH WILF	TRUSTEE, SECRETARY & TREASURER 0.25	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE, SECRETARY & TREASURER 0.25	0	0	0
ZYGMUNT WILF	TRUSTEE 0.25	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE 0.25	0	0	0
HALLE WILF	TRUSTEE 0.25	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE 0.25	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2020)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. 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)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

169,916,888

Average of monthly cash balances.......................

3,244,717

Fair market value of all other assets (see instructions)................

29,892,435

Total (add lines 1a, b, and c).........................

203,054,040

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

203,054,040

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

3,045,811

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

200,008,229

Minimum investment return. Enter 5% of line 5..................

10,000,411

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.)

Minimum investment return from Part X, line 6....................

10,000,411

Tax on investment income for 2020 from Part VI, line 5......

77,126

Income tax for 2020. (This does not include the tax from Part VI.)...

12,388

Add lines 2a and 2b............................

89,514

Distributable amount before adjustments. Subtract line 2c from line 1............

9,910,897

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

9,910,897

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

9,910,897

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

8,907,100

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

8,907,100

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

8,907,100

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)

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				9,910,897
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......			8,859,628
b Total for prior years:20, 20, 20		0
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......
d From 2018......
e From 2019......
fTotal of lines 3a through e........	0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 8,907,100
a Applied to 2019, but not more than line 2a			8,859,628
b Applied to undistributed income of prior years (Election required—see instructions).....		0
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2020 distributable amount.....				47,472
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2020.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........				9,863,425
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...	0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....
e Excess from 2020....

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

LEONARD WILF

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ALLEN-STEVENSON SCHOOL 132 E 78TH STREET NEW YORK,NY10021		PC	GENERAL	25,000
AMERICAN FRIENDS OF LATET HUMANITARIAN AID INC 29 MERRILL ROAD NEWTON,MA02459		PC	GENERAL	10,000
AMERICAN FRIENDS OF MDA 352 SEVENTH AVENUE SUITE 400 NEW YORK,NY10001		PC	GENERAL	200,000
AMERICAN NATIONAL RED CROSS 1730 E STREET NW WASHINGTON,DC20006		PC	GENERAL	250,000
AMERICAN SOCIETY FOR YAD VASHEM 500 FIFTH AVENUE NEW YORK,NY10110		PC	GENERAL	803,600
ARMY HISTORICAL FOUNDATION PO BOX 96281 WASHINGTON,DC20090		PC	GENERAL	1,000
BIRCH WATHEN LENOX SCHOOL 210 E 77TH STREET NEW YORK,NY10021		PC	GENERAL	2,500
BIRTHRIGHT ISRAEL FOUNDATION 33 E 33RD STREET NEW YORK,NY10016		PC	GENERAL	250,000
BLACK VOTERS MATTER CAPACITY BUILDING INSTITUTE 3645 MARKETPLACE BLVD EAST POINT,GA30344		PC	GENERAL	125,000
BRENNAN CENTER FOR JUSTICE 120 BROADWAY SUITE 1720 NEW YORK,NY10271		PC	GENERAL	250,000
CALIFORNIA INSTITUTE OF TECHNOLOGY 1200 E CALIFORNIA BLVD MC 123-15 PASADENA,CA91125		PC	GENERAL	50,000
CENTRAL PARK CONSERVANCY 14 E 60TH STREET NEW YORK,NY10022		PC	GENERAL	11,500
CHABAD-LUBAVITCH OF DELAWARE INC 1811 SILVERSIDE ROAD WILMINGTON,DE19810		PC	GENERAL	10,000
CITY HARVEST 6 E 32ND STREET 5TH FLOOR NEW YORK,NY10016		PC	GENERAL	200,000
COMMUNITY FOOD BANK OF NEW JERSEY 31 EVANS TERMINAL ROAD HILLSIDE,NJ07205		PC	GENERAL	25,000
DREAM 1991 2ND AVENUE NEW YORK,NY10029		PC	GENERAL	25,000
DWIGHT-ENGLEWOOD SCHOOL 315 E PALISADE AVENUE ENGLEWOOD,NJ07631		PC	GENERAL	25,000
EXPECT MIRACLES FOUNDATION 89 SOUTH STREET SUITE L102 BOSTON,MA02111		PC	GENERAL	25,000
FACING HISTORY AND OURSELVES INC 150 BROADWAY SUITE 2100 NEW YORK,NY10038		PC	GENERAL	75,000
FLORIDA OCEANOGRAPHIC SOCIETY INC 890 NE OCEAN BLVD STUART,FL34996		PC	GENERAL	1,000
FOOD BANK FOR NEW YORK CITY 39 BROADWAY 10TH FLOOR NEW YORK,NY10006		PC	GENERAL	25,000
FOUNDATION FOR MORRISTOWN MEDICAL CENTER 475 SOUTH STREET MORRISTOWN,NJ07962		PC	GENERAL	50,000
FRIENDS OF THE ISRAEL DEFENSE FORCES 60 E 42ND STREET NEW YORK,NY10165		PC	GENERAL	200,000
FULFILL MONMOUTH & OCEAN 3300 ROUTE 66 NEPTUNE,NJ07753		PC	GENERAL	25,000
GEORGE W BUSH PRESIDENTIAL CENTER 2943 SMU BLVD DALLAS,TX75205		PC	GENERAL	50,000
GEORGETOWN UNIVERSITY LAW CENTER 600 NEW JERSEY AVENUE NW WASHINGTON,DC20001		PC	GENERAL	10,000
GREGORY BOFF CHARITABLE FOUNDATION 47 GREGORY AVENUE WEST ORANGE,NJ07052		PC	GENERAL	2,500
HELEN KELLER INTERNATIONAL ONE DAG HAMMARSKJOLD PLAZA FLOOR 2 NEW YORK,NY10017		PC	GENERAL	75,000
HENRY STREET SETTLEMENT 265 HENRY STREET NEW YORK,NY10002		PC	GENERAL	25,000
HUN SCHOOL OF PRINCETON 176 EDGERSTOUNE ROAD PRINCETON,NJ08540		PC	GENERAL	100,000
INTERFAITH FOOD PANTRY 2 EXECUTIVE DRIVE MORRIS PLAINS,NJ07950		PC	GENERAL	25,000
INVESTIGATIVE PROJECT ON TERRORISM FOUNDATION 5614 CONNECTICUT AVENUE NW SUITE 341 WASHINGTON,DC20015		PC	GENERAL	10,000
JACKIE ROBINSON FOUNDATION 75 VARICK STREET 2ND FLOOR NEW YORK,NY10013		PC	GENERAL	10,000
JAFI 633 THIRD AVENUE NO 2100 NEW YORK,NY10017		PC	GENERAL	500,000
JERUSALEM FOUNDATION 420 LEXINGTON AVENUE NEW YORK,NY10170		PC	GENERAL	10,000
JEWISH COMMUNITY HOUSING CORPORATION 750 NORTHFIELD AVENUE WEST ORANGE,NJ07052		PC	GENERAL	1,000
JEWISH EDUCATIONAL CENTER 330 ELMORA AVENUE ELIZABETH,NJ07208		PC	GENERAL	10,000
JEWISH FEDERATION OF PALM BEACH COUNTY 1 HARVARD CIRCLE SUITE 100 PO,FL33409		PC	GENERAL	10,000
JUPITER MEDICAL CENTER FOUNDATION INC 1210 S OLD DIXIE HIGHWAY JUPITER,FL33458		PC	GENERAL	10,000
KRAVIS CENTER FOR THE PERFORMING ARTS 701 OKEECHOBEE BLVD WEST PALM BEACH,FL33401		PC	GENERAL	10,000
LAWYERS COMMITTEE FOR CIVIL RIGHTS UNDER LAW 1500 K STREET NW SUITE 900 WASHINGTON,DC20005		PC	GENERAL	10,000
LEXINGTON INSTITUTE 1600 WILSON BOULEVARD SUITE 203 ARLINGTON,VA22209		PC	GENERAL	10,000
MEALS ON WHEELS OF THE PALM BEACHES INC 1300 S OLIVE AVENUE WEST PALM BEACH,FL33401		PC	GENERAL	10,000
METROPOLITAN GOLF ASSOCIATION FOUNDATION 49 KNOLLWOOD ROAD ELMSFORD,NY10523		PC	GENERAL	5,000
MORSELIFE FOUNDATION INC 4847 DAVID MACK DRIVE WEST PALM BEACH,FL33417		PC	GENERAL	23,000
MOUNT SINAI HEALTH SYSTEM ONE GUSTAVE L LEVY PLACE BOX 1049 NEW YORK,NY10029		PC	GENERAL	8,400
MRCC FOUNDATION INC 713 PASSAIC AVENUE WEST CALDWELL,NJ07006		PC	GENERAL	1,000
NAACP LEGAL DEFENSE AND EDUCATIONAL FUND 40 RECTOR STREET 5TH FLOOR NEW YORK,NY10006		PC	GENERAL	75,000
NATIONAL SEPTEMBER 11 MEMORIAL & MUSEUM 200 LIBERTY STREET 16TH FLOOR NEW YORK,NY10006		PC	GENERAL	2,500
NEW YORK PRESBYTERIAN FUND 850 THIRD AVENUE 12TH FLOOR NEW YORK,NY10022		PC	GENERAL	400,000
NEW YORK STEM CELL FOUNDATION INC 619 W 54TH STREET NEW YORK,NY10019		PC	GENERAL	10,000
NEW YORK UNIVERSITY 25 W FOURTH STREET SUITE 201A NEW YORK,NY10012		PC	GENERAL	100,000
NEW YORK UNIVERSITY SCHOOL OF LAW 22 WASHINGTON SQUARE NORTH 2ND FLOOR NEW YORK,NY10011		PC	GENERAL	650,000
NEW YORK YANKEES FOUNDATION E 161ST STREET AND RIVER AVENUE BRONX,NY10451		PC	GENERAL	1,000
ONE MIND PO BOX 680 RUTHERFORD,CA94573		PC	GENERAL	100,000
OPERATION FINALLY HOME 1659 STATE HIGHWAY 46 W SUITE 11 NEW BRAUNFELS,TX78132		PC	GENERAL	10,000
PALM BEACH COUNTRY CLUB FOUNDATION INC 760 N OCEAN BLVD PALM BEACH,FL33480		PC	GENERAL	5,000
PALM BEACH COUNTY FOOD BANK INC 525 GATOR DRIVE LANTANA,FL33462		PC	GENERAL	10,000
PALM BEACH ORTHODOX SYNAGOGUE 120 NORTH COUNTY ROAD PALM BEACH,FL33480		PC	GENERAL	68,500
PALM BEACH POLICE FOUNDATION INC 139 N COUNTY ROAD SUITE 20C PALM BEACH,FL33480		PC	GENERAL	5,000
PALM BEACH UNITED WAY 44 COCOANUT ROW SUITE M201 PALM BEACH,FL33480		PC	GENERAL	5,000
PARK EAST SYNAGOGUE 164 E 68TH STREET NEW YORK,NY10065		PC	GENERAL	50,100
PECONIC HOCKEY FOUNDATION INC PO BOX 374 WADING RIVER,NY11792		PC	GENERAL	5,000
PHILADELPHIA HOLOCAUST REMEMBRANCE FOUNDATION 2100 ARCH STREET PHILADELPHIA,PA19103		PC	GENERAL	25,000
RABBINICAL COLLEGE OF AMERICA PO BOX 1996 MORRISTOWN,NJ07962		PC	GENERAL	25,000
ROGER WILLIAMS UNIVERSITY ONE OLD FERRY ROAD BRISTOL,RI02809		PC	GENERAL	25,000
ROWAN UNIVERSITY FOUNDATION INC 201 MULLICA HILL ROAD GLASSBORO,NJ08028		PC	GENERAL	50,000
SECURE COMMUNITY NETWORK INC 25 BROADWAY SUITE 1700 NEW YORK,NY10004		PC	GENERAL	250,000
SHARE OUR STRENGTH 1030 15TH STREET NW SUITE 1100W WASHINGTON,DC20005		PC	GENERAL	10,000
SILVER SHIELD FOUNDATION 870 UNITED NATIONS PLAZA NEW YORK,NY10017		PC	GENERAL	10,000
SQUASH AND EDUCATION ALLIANCE 555 8TH AVENUE ROOM 1102 NEW YORK,NY10018		PC	GENERAL	5,000
SUNRISE ASSOCIATION 11 NEIL COURT OCEANSIDE,NY11572		PC	GENERAL	78,000
SUTTON PLACE SYNAGOGUE 225 E 51ST STREET NEW YORK,NY10022		PC	GENERAL	18,000
TEXAS CIVIL RIGHTS PROJECT 1405 MONTOPOLIS DRIVE AUSTIN,TX78741		PC	GENERAL	40,000
THE FIRST TEE 425 SOUTH LEGACY TRAIL ST AUGUSTINE,FL32092		PC	GENERAL	250,000
THE FIRST TEE OF METROPOLITAN NEW YORK 3545 JEROME AVENUE BRONX,NY10467		PC	GENERAL	10,000
UJA-FEDERATION OF NEW YORK 130 E 59TH STREET NEW YORK,NY10022		PC	GENERAL	666,000
UNITED WAY WORLDWIDE 701 NORTH FAIRFAX STREET ALEXANDRIA,VA22314		PC	GENERAL	500,000
WASHINGTON UNIVERSITY 700 ROSEDALE AVENUE 1034 SAINT LOUIS,MO63112		PC	GENERAL	25,000
YESHIVA UNIVERSITY 500 W 185TH STREET NEW YORK,NY10033		PC	GENERAL	1,000,000
PEF ISRAEL ENDOWMENT FUNDS 630 THIRD AVENUE 15TH FLOOR NEW YORK,NY10017		PC	GENERAL	20,000
PECONIC HOCKEY FOUNDATION INC PO BOX 374 WADING RIVER,NY11792		PC	GENERAL	5,000
IMAGINATION PRODUCTIONS 11110 W OAKLAND PARK BLVD SUITE 288 SUNRISE,FL33351		PC	GENERAL	100,000
PEACE INTERNATIONAL 220 NE VILLAGE SQUIRE AVENUE UNIT 9 GRESHAM,OR97030		PC	GENERAL	25,000
DWIGHT ENGLEWOOD SCH 315 E PALISADE AVENUE ENGLEWOOD,NJ07631		PC	GENERAL	20,000
JASA 247 W 37TH STREET 9TH FLOOR NEW YORK,NY10018		PC	GENERAL	2,500
SECOND HARVEST HEARTLAND 1140 GERVAIS AVENUE SAINT PAUL,MN55109		PC	GENERAL	25,000
CITY HARVEST 6 E 32ND STREET 5TH FLOOR NEW YORK,NY10016		PC	GENERAL	200,000
UNITED WAY OF GREATER UNION COUNTY 33 W GRAND STREET ELIZABETH,NJ07202		PC	GENERAL	100,000
MINNESOTA DISASTER RECOVERY FUND 101 5TH STREET E SUITE 2400 SAINT PAUL,MN55101		PC	GENERAL	75,000
AMERICAN NATIONAL RED CROSS 1730 E STREET NW WASHINGTON,DC20006		PC	GENERAL	100,000
UNIVERSITY OF MINNESOTA CHILDREN'S HOSPITAL 200 OAK STREET SE SUITE 500 MINNEAPOLIS,MN55455		PC	GENERAL	75,000
NORTH MEMORIAL FOUNDATION 3300 OAKDALE AVENUE N ROBBINSDALE,MN55422		PC	GENERAL	75,000
GREEN BERET FOUNDATION 14402 BLANCO ROAD SUITE 101 SAN ANTONIO,TX78216		PC	GENERAL	10,000
Total ................................. 3a				8,907,100

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	6,054
4 Dividends and interest from securities....			14	6,214,994
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.....			14	325,065
8 Gain or (loss) from sales of assets other than inventory ............			18	-872,938
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aTAX REFUND					78,256
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		5,673,175	78,256

13Total. Add line 12, columns (b), (d), and (e)..................

5,751,431

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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.)
11A	TAX REFUND USED TO FURTHER THE FOUNDATION'S EXEMPT PURPOSE.

Form 990-PF (2020)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Name of the organization

LAW FOUNDATION INC

Employer identification number

22-3074635

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2

Name of organization LAW FOUNDATION INC			Employer identification number 22-3074635

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
1	1999 JUDITH WILF CHARITABLE LEAD TRUST 820 MORRIS TURNPIKE SHORT HILLS, NJ07078	$ 270,053		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
2	2003 JUDITH WILF CHARITABLE LEAD TRUST 820 MORRIS TURNPIKE SHORT HILLS, NJ07078	$ 255,999		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
3	JUDITH WILF TESTAMENTARY CHARITABLE LEAD TRUST 820 MORRIS TURNPIKE SHORT HILLS, NJ07078	$ 6,754,656		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
4	2002 JUDITH WILF CHARITABLE LEAD TRUST 820 MORRIS TURNPIKE SHORT HILLS, NJ07078	$ 218,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
5	1998 JUDITH WILF CHARITABLE LEAD TRUST 820 MORRIS TURNPIKE SHORT HILLS, NJ07078	$ 108,023		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
6	2001 JUDITH WILF CHARITABLE LEAD TRUST 820 MORRIS TURNPIKE SHORT HILLS, NJ07078	$ 275,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Name of organization LAW FOUNDATION INC			Employer identification number 22-3074635
Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
7	2000 JUDITH WILF CHARITABLE LEAD TRUST 820 MORRIS TURNPIKE SHORT HILLS, NJ07078	$ 265,573		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
8	LEONARD WILF 820 MORRIS TURNPIKE SHORT HILLS, NJ07078	$ 2,000,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Page 3

Name of organization LAW FOUNDATION INC		Employer identification number 22-3074635

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
3	PUBLICLY TRADED SECURITIES	$ 6,754,583	2020-12-31
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Page 4


Name of organization LAW FOUNDATION INC			Employer identification number 22-3074635
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Additional Data

Software ID:
Software Version:

- TIN:

TY 2020 AccountingFeesSchedule

Name:

LAW FOUNDATION INC

EIN:

22-3074635

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	4,500	4,500		0

- TIN:

TY 2020 ExplnOfNonFilingWithAGStmt

Name:

LAW FOUNDATION INC

EIN:

22-3074635

Statement:

THE FOUNDATION IS NOT REQUIRED TO FILE A COPY OF FORM 990-PF WITH THE NEW JERSEY ATTORNEY GENERAL BECAUSE IT DOES NOT SOLICIT FUNDS FROM THE PUBLIC.

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

LAW FOUNDATION INC

EIN:

22-3074635

Name of Bond	End of Year Book Value	End of Year Fair Market Value
3M COMPANY 3 25	518,903	554,940
ABBOTT LAB 3.4 23	530,957	577,926
ABBVIE INC 2.85 23	624,919	657,143
AETNA INC 3.50 24	254,562	274,391
AETNA LIFE 7.25	168,548	232,301
AFLAC INC 3.625 23	261,433	269,550
AFLAC INC3.625 24	264,623	278,554
ALTRIA GROUP 4.75 21	264,757	253,602
AMERICAN EXPRESS CO 3.625 24	250,498	277,410
AMERICAN INTL GROUP 3.75 25	258,715	280,874
AMERICAN INTL GROUP 3.9 26	257,100	285,071
AMGEN INC 3.625 22	264,821	259,020
AMGEN INC 3.625 24	258,778	274,414
APPLE INC 3.2 25	258,223	278,742
APPLE INC 3.45 24	103,832	110,120
APPLE INC. 3 24	712,082	753,031
AT & T INC 3.400 25	247,048	277,861
AT&T 6.5 29	494,005	643,064
AVALONBAY COMMUNITIES INC 2.85 23	254,063	260,932
AVALONBAY COMMUNITIES, INC. MTN 4.2% 23	1,638,616	1,542,323
BAIDU, INC. 3.875% 09/29/2023	324,236	350,086
BANK OF AMERICA 2.503 22	600,000	610,740
BANK OF NEW YORK MELLON 3 28	250,145	282,424
BANK OF NEW YORK MELLON 3.65 24	269,565	274,114
BANK OF NEW YORK MELLON 3.95 25	107,607	116,330
BELL SOUTH TELECOM 6.375 28	388,233	497,711
BERKSHIRE HATHAWAY INC 2.75 23	603,030	630,096
BERKSHIRE HATHAWAY INC 3.125 26	259,738	279,328
BERKSHIRE HATHAWAY INC 3.4 22	259,375	258,495
BP CAPITAL MARKETS AMERICA INC 3.796% 25	1,000,000	1,133,960
BRISTOL-MYERS SQUIBB CO 2 22	244,450	256,588
BRISTOL-MYERS SQUIBB CO 3.25 27	263,050	282,590
BURLINGTON NORTH SANTE FE 3.05 22	263,875	256,363
BURLINGTON NORTH SANTE FE 3.85 23	272,115	270,870
BURLINGTON NORTHERN 4.1 21	266,983	251,478
CAMPBELL SOUP CO 2.5 22	509,003	516,670
CAMPBELL SOUP CO 3.3 25	254,868	273,747
CAPITAL ONE BANK 3.375 23	510,174	554,794
CATERPILLAR INC 3.4 24	275,632	272,552
CBS CORP 3.5 25	1,345,075	1,426,139
CBS CORP 3.5 25	255,265	274,257
CHARLES SCHWAB 3.2 28	248,420	283,110
CHEVRON CORP	257,200	258,890
CIGNA CORP 3.25 25	249,555	272,642
CIGNA CORP 4 22	263,430	256,858
CISCO SYSTEMS 3.5 25	264,731	283,060
CITIGROUP 4.4 25	267,766	285,827
CITIGROUP 4.45 27	268,947	295,535
CLOROX COMPANY 3.05 22	263,748	260,013
CLOROX COMPANY 3.8 21	210,639	206,078
COCA-COLA CO 2.5 23	258,125	262,630
COCA-COLA CO 3.2 23	258,605	271,057
COLGATE-PALMOLIVE CO 3.25 24	260,830	272,597
COMCAST CORP 3.3 27	260,278	282,045
CONOCOPHILLIPS CO 4.95 26	572,600	600,345
CONSOLIDATED EDISON CO 04.0% 12/01/2028	1,423,946	1,682,740
CROWN CASTLE INTL CORP 3.2 24	498,605	543,215
CSX 4.25 21	267,617	251,550
CVS CAREMARK 4.125 21	199,476	200,396
CVS CAREMARK CORP 2.75 22	256,575	259,893
DISCOVER BANK-3.35% 02/06/2023 USD DE	579,510	633,114
DOLLAR GENERAL CORPO 3.25 23	628,839	634,854
ELI LILLY 3.1 27	499,165	557,070
ESTEE LAUDER CO INC 2.35 22	248,700	258,320
EXXON MOBIL CORP 3.043 26	254,763	276,995
FEDEX CORP 2.7 23	254,340	262,335
FEDEX CORP 4 24	265,213	276,890
GENERAL MILLS INC 3.15 21	258,523	254,820
GENERAL MILLS INC 3.2 27	251,623	280,113
GENERAL MOTORS FINL 003.25 23	134,907	141,562
GOLDMAN SACHS 3.5 26	514,208	561,320
GOLDMAN SACHS CAPITAL I 6.345 34	202,345	279,358
GTE CORP 6.94 28	215,506	263,132
HALLIBURTON CO 3.8 25	261,695	280,380
HOME DEPOT 3.0 26	509,045	558,975
HUMANA INC 3.95 27	534,277	575,435
HUMANA INC3.85 24	276,758	276,685
INTEL 3.15 27	540,358	564,360
INTEL 3.3 21	262,163	255,550
INTERPUBLIC GROUP COS 4.2 24	856,811	890,128
JPMORGAN CHASE & CO 3.125 25	243,475	273,815
JPMORGAN CHASE & CO 3.125 25	249,890	273,815
JPMORGAN CHASE 3.625 27	253,802	284,135
KERR MCGEE	197,670	205,560
KOHLS 6 33	224,443	265,050
LENNOX INTERNATIONAL INC 3.0 23	412,781	447,950
LOCKHEED MARTIN CORP 3.35 21	137,028	130,689
LOCKHEED MARTIN CORP 3.55 26	261,378	283,975
LOWE'S 3.75 21	253,480	250,610
MCDONALD'S CORP 2.625 22	508,233	512,060
MCDONALD'S CORP 3.5 27	262,813	286,105
METLIFE INC 3.6 24	267,843	274,770
MICROSOFT CORP 3.125 25	531,708	558,970
MICROSOFT CORP 3.3 27	257,383	285,265
MONDELEZ INTERNATIONAL HOLDING 2 21	659,430	683,330
MONSANTO CO 2.2 22	253,230	254,265
MOODY'S CORPORA11ON 4.25% 02/01/2029 DE	1,612,796	1,952,779
MORGAN STANLEY MTN 2.75 22	1,164,433	1,187,628
MOTOROLA 6.5 25	200,005	232,998
NM SLM CORP 5.75 29	200,000	171,938
NORFLOK SOUTHERN CORP 3.85 24	948,559	954,844
NORFOLK SOUTHERN CORP	263,650	256,663
NORTHERN TRUST CPRP 3.95 25	263,518	288,540
NORTHROP GRUMMAN CORPORATION 2.93%	1,166,022	1,359,575
NUCOR 4.125 22	245,665	263,418
NVIDIA CORP 2.2 21	350,441	354,260
OREILLY AUTOMOTIVE INC 4.625 21	649,798	611,628
PENNSYLVANIA ECONOMIC DEV 6.412 30	264,905	331,428
PEPSICO 3 21	257,862	282,010
PFIZER INC 3 26	253,175	282,330
PFIZER INC 3.0 26	251,325	282,330
PFIZER INC 3.4 24	257,533	274,727
PHILIP MORRIS	212,377	260,432
PHILIP MORRIS INTL INC 3.6 23	268,573	272,245
PROCTER & GAMBLE 3.1 23	258,943	268,773
PRUDENTIAL FINANCIAL INC 3.5 24	260,888	275,172
PRUDENTIAL FINANCIAL INC 4.5 21	275,398	259,050
PSEG POWER LLC 4.15 21	435,089	405,920
QUEST DIAGNOSTIC 3.5 25	257,210	277,928
SANOFI-AVENTIS 4.0 21	602,327	554,835
SOUTHERN CO 3.25 26	247,875	280,445
STATE STREET CORPORATION HYBRID	2,100,000	2,533,188
TEXTRON INC 3.65 21	507,595	502,630
THERMO FISHER SCIENTIFIC 3.2 27	253,270	281,015
THERMO FISHER SCIENTIFIC INC 4.15 24	933,477	964,810
TIME WARNER 6.95 28	198,891	249,068
TIME WARNER INC 3.600 25	269,385	266,787
TOTAL CAPITAL 4.125 21	247,470	250,618
TOTAL SYSTEM SERVICES 3.8 21	399,104	402,200
TOYOTA MOTOR CREDIT CORP MTN 3.45% 23	1,497,060	1,625,235
TYSON FOODS 7 28	204,566	256,920
UNION PACIFIC CORP 2.95 23	264,345	261,308
UNITED HEALTH GROUP 3.375 27	263,283	285,475
UNITED PARCEL SERVICE 2.45 22	254,780	259,315
UNITED TECHNOLOGIES CORP 3.125 27	257,487	280,415
UNITEDHEALTH GROUP INC 3.1 26	252,500	280,163
US BANCORP 3.10 26	515,098	556,470
US BANCORP 3.15 27	258,232	281,605
VERIZON COMMUNICATIONS 4.125 27	533,300	589,345
VERIZON MARYLAND 5.125 33	170,776	234,580
VIACOM 5.5 33	465,627	646,820
WALGREEN CO 3.1 22	259,620	260,965
WALMART STORES INC 3.3 24	533,263	544,945
WALT DISNEY COMPANY 2.35 22	257,300	259,605
WALT DISNEY COMPANY 2.55 22	249,990	256,088
WALT DISNEY COMPANY 3.15 25	258,213	277,698
WASTE MANAGEMENT INC 2.9 22	254,553	259,070
WELLS FARGO & CO 3.3 24	258,980	273,803
WELLS FARGO & CO 4.1 26	266,603	286,608
WELLS FARGO 3.55 25	254,685	280,835
WHIRLPOOL CORP 3.7 25	252,958	277,405
WHIRLPOOL CORP 4 24	261,185	274,418
ZOETIS INC. 3.25% 02/01/2023	1,131,945	1,209,674
ANHEUSER-BUSCH INBEV WOR COMPANY 4 28	278,823	294,740
MCKESSON CORP 3.95 28	267,425	291,408
MERCK & CO IN 3.4 29	550,378	581,685
PEPSICO INC 3 27	268,193	254,600
TARGET CORP 3.375 29	559,142	586,135
AMERICAN EXPRESS CREDIT SER 3.30 27	269,640	285,235
ANTHEM INC 3.65 27	267,755	288,293
NORTHERN TRUST CORP 3.15 29	554,761	566,210
PNC BANK NA SER 3.25 28	553,756	570,495
STATE STREET CORP 3.7 23	268,255	273,928
STARBUCKS CORP 3.5 28	271,950	286,543
ANHEUSER-BUSCH INBEV WOR COMPANY 4.75 29	292,518	308,725
ANTHEM INC 4.101 28	274,123	295,545
BAXTER INTERNATIONAL INC 2.6 26	253,148	272,935
CATERPILLAR INC 2.6 29	256,428	276,210
PNC FINANCIAL SERVICES 2.6 26	255,778	274,458
VENTAS RLTY LTD PARTNERS COMPANY 4 28	272,083	285,190
THERMO FISHER SCIENTIFIC 2.6 29	250,270	273,725
AT&T 5	500,000	542,800
CVS HEALTH CORPORATION 3.7 23	123,884	131,588
MPLX LP 4 25	1,019,890	1,117,550
CITIZENS FINANCIAL GROUP 2.85 26	1,047,879	1,168,577
MORGAN STANLEY MTN 4.35 26	352,992	383,172
DUKE ENERGY OHIO, INC. 3.65 29	999,560	1,158,540
KROGER CO 4.5 29	994,030	1,231,740
CITIGROUP INC. HYBRID 07/24/2028 CPN 3.668	1,400,277	1,672,222
CSX CORP 4.25 29	823,232	969,160
COSTCO WHOLESALE CORP 3 27	248,445	280,535
BANK OF AMERICA CORP 5.375	396,000	409,650
MCDONALD'S CORP MTN 2.65 29	496,320	547,260
AMERICAN TOWER CORP 2.75 2027	1,198,056	1,301,904
WELLS FARGO & COMPANY MTN 3.75 24	1,108,181	1,146,275
JPMORGAN CHASE & CO. HYBRID 05/06/2030 SR LIEN	1,236,864	1,392,048
JPMORGAN CHASE & CO. HYBRID 10/15/2030 SR LIEN	148,953	163,100
WELLS FARGO & COMPANY HYBRID MTN 10/30/2030	700,000	763,693
U.S. BANCORP SER L NON-CUM PFD STK 3.75% PERPETUAL	500,000	504,600
COCA-COLA CO 03.450% MAR 25 2030	299,495	294,680
METLIFE INC 03.000% MAR 01 2025	273,405	274,635
ORACLE CORP 02650% JUL 15 2026	270,453	274,735
PFIZER INC 03.450% MAR 15 2029	296,170	292,193
WALMART INC 03.250% JUL08 2029	288,750	290,955
INTERSTATE POWER AND LIGHT COM 2.3% 06/01/2030	995,750	1,057,460
MARSH & MCLENNAN COS INC 2.25% 11/15/2030	485,815	518,768
HOME DEPOT INC 02.800% SEP 14 2027	276,580	278,185
ALTRIA GROUP INC 4.000% JAN 31 2024	274,005	274,490
VERIZON COMMUNICATIONS, INC. 1.75% 01/20/2031	268,772	268,650
AIR LEASE CORP 3.375 2021	184,500	207,185
ANHEUSER-BUSCH INBEV WOR 3.5% 06/01/2030	324,318	376,467
SYNCHRONY FINANCIAL 4.25 2024	307,712	309,378
VEREIT OPERATING PARTNERSHIP 4.625% 2025	413,436	420,119
SUMITOMO MITSUI FINANCIAL GROUP 2.846% 2022	271,895	271,644
BANK OF MONTREAL MTN 2.9% 2022	671,535	671,125
COOPERATIEVE RABOBANK UA MTN 1.875% 2021	655,844	655,655
AMERICAN HONDA FINANCE MTN 0.65% 09/08/2023	504,778	508,192
TORONTO-DOMINION BANK (THE) MTN 0.75% 09/11/2025	698,047	702,618
B.A.T. CAPITAL CORPORATION 2.726% 03/25/2031	205,000	212,327
STARBUCKS CORP 03.550% AUG 15 2029	274,655	290,925
CITIGROUP INC GLB 03.700% JAN 12 2026	270,463	284,090
JPMORGAN CHASE & CO GLB VAR% OCT 15 2030	256,385	271,833
MICROSOFT CORP GLB 02.400% AUG 08 2026	257,655	272,748
STATE STREET CORP GLB 02.650% MAY 19 2026	258,290	275,043
WALMART INC GLB 03.700% JUN 26 2028	279,950	294,463
HIGHWOODS REALTY LP 2.6% 02/01/2031	637,382	652,845
WASTE MANAGEMENT INC 1.5% 03/15/2031	249,408	247,648
PARK AEROSPACE HOLDINGS 5.25% 08/15/2022	36,302	35,683
APPLE INC. 1.25% 08/20/2030	314,235	315,066
HSBC HOLDINGS PLC HYBRID 08/18/2031 SR LIEN	250,000	258,205
KINDER MORGAN INC 2.0% 02/15/2031	842,010	854,539
BARCLAYS PLC HYBRID 06/24/2031 SR LIEN	800,000	833,072
LLOYDS BANKING GROUP PLC HYBRID 02/05/2026 SR LIEN	200,000	211,292
BANK OF AMERICA CORP HYBRID MTN 02/13/2031 SR LIEN	625,000	663,794
NOVARTIS CAPITAL CORP 2.2% 08/14/2030 SR LIEN	364,522	391,864
BANCO SANTANDER, S.A. 5.179% 11/19/2025 USD SER SUB	911,448	938,072
BNP PARIBAS MTN 4.25% 10/15/2024 USD SUB	1,099,178	1,109,051
SANTANDER UK GROUP HOLDINGS PL 3.571% 01/10/2023	552,077	551,269
CITIGROUP INC SER P VAR% PERPETUAL	54,250	54,625
CITIGROUP INC VAR% PERPETUAL	52,808	52,480
GOLDMAN SACHS CAPITAL II VAR% PERPETUAL	4,831	4,913
JPMORGAN CHASE & CO NOTES VAR% PERPETUAL	121,983	122,748
JPMORGAN CHASE & CO SER R VAR% PERPETUAL	190,566	190,800
VIACOM INC VAR% FEB 28 2057	52,214	51,875
THE GOLDMAN SACHS GROUP 5.50% SERIES J PERPETUAL	264,796	263,735
JP MORGAN CHASE & CO SER DD 5.75% PERPETUAL	167,280	168,600
JPMORGAN CHASE & CO SER EE 6.00% PERPETUAL	112,920	113,920
REGIONS FINANCIAL CORP SEE B VAR% PERPETUAL	276,800	281,200
URSTADT BIDDLE PPTY CL A REIT	14,400	14,130
WELLS FARGO COMPANY 5.85% NON-CUM PERPETUAL	102,765	104,044

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

LAW FOUNDATION INC

EIN:

22-3074635

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ALPHABET INC.	93,001	152,413
AMAZON.COM	107,569	195,415
ARTISAN INTERNATIONAL FUND	2,030,822	2,417,790
BLACKSTONE MORTGAGE TRUST INC	26,344	27,997
BOSTON PROPERTIESREIT	229,522	189,060
CAPITAL ONE FINANCIAL	84,269	197,700
CHEVRON CORPORATION	116,940	84,450
CITIGROUP INC 7.125 PFD	500,000	568,800
CITIGROUP INC.	50,437	52,524
CREDIT SUISSE AG LINKED TO S&P 500 INDEX	104,000	133,795
CVS HEALTH CORP	67,275	73,627
EXXON MOBIL	387,339	247,320
FACEBOOK, INC. CMN CLASS A	84,780	137,126
GENERAL MILLS	87,457	117,600
HEALTHPEAK PROPERTIES INC CMN	63,084	63,875
HEALTHPEAK PPTYS INC	87,000	151,150
HILTON WORLDWIDE HOLDINGS INC	111,180	162,661
HUNTINGTON BANCSHARES INCORPOR	14,761	15,074
INTL BUSINESS MACHINES CORP	4,431,482	3,952,631
JBG SMITH PROPERTIES	2,102,230	1,827,543
JOHNSON & JOHNSON	45,449	110,165
JOHNSON AND JOHNSON	84,405	204,593
JOHNSON CONTROLS INTERNATIONAL	100,941	141,866
JPMORGAN CHASE & CO LINKED TO S&P	105,000	116,255
KIMBERLY CLARK	92,776	134,830
KKR & CO INC CMN	123,415	187,510
MASTERCARD INC	157,394	268,775
MICROSOFT CORP	143,565	1,112,100
MICROSOFT CORPORATION	83,505	152,135
NVENT ELECTRIC PUBLIC LIMITED	48,120	46,580
OMEGA HEALTHCARE INVESTORS INC	66,223	71,804
PEBBLEBROOK HOTEL TRUST 6.5 PFD	43,318	42,486
PEBBLEBROOK HOTEL TRUST PFD 6.3 SERIES F	18,934	17,853
PEBBLEBROOK HOTEL TRUST PFD 6.3750 SERIES F	52,072	52,132
PENNYMAC MTG INVT IR CMN CTSY MERRILL LYNCH	39,100	45,119
PENTAIR PLC	77,960	106,180
PFIZER	47,173	73,620
PFIZER	70,759	110,430
PS BUSINESS PARKS INC SER U 5.2 PFD SER Y	83,248	86,323
PUBLIC SERVICE ENT GROUP	50,000	144,818
QORVO INC	77,298	184,061
REGIONS FINANCIAL CORPORATION	19,860	21,090
REXFORD INDUSTRIAL REALTY, INC PFD .4688	80,321	84,519
RLJ LODGING TRUST CONV PFD USD1.9500	68,274	66,624
SECTOR OPPRUTUNIITIES	245,285	501,600
SITE CENTRE PFD 6.25 SER K	39,980	38,399
SKYWORKS SOLUTIONS INC	76,353	153,798
SL GREEN REALTY CORP SER I 6.5 PFD	53,481	52,639
THE BANK OF NOVA SCOTIA LINKED TO S&P	118,000	126,744
TRAVELERS COMPANIES	100,000	483,294
UBS AG LINKED TO S&P 500 INDEX	125,000	133,700
URBAN EDGE PROPERTIES	1,177,646	756,266
VENTAS, INC. CMN CTSY WRP INVESTMENTS CRP	53,916	54,092
VEREIT INC (6.75%) SERIES F CTSY	33,565	32,997
VISA INC	93,746	165,141
VORNADO REALTY TRUST	7,872,407	4,364,598
VORNADO REALTY TRUST SER M 5.25 PFD	80,937	86,408
WELLS FARGO COMPANY 5.85 PFD	500,000	537,000
WP CAREY INC	63,033	69,311
MFA FINANCIAL INC PFD USD1.8750(7.50%) SERIES B	43,336	40,737
DIGITAL REALTY TRUST, INC. PFD USD1.3125 SERIES J	26,973	26,836
MORGAN STANLEY FINANCE LLC LINKED TO S&P 500 INDEX	124,000	143,270
WELLS FARGO FINANCE LLC LINKED TO S&P 500 INDEX	78,000	89,763
CANADIAN IMPERIAL BANK OF COMM LINKED TO S&P 500	71,000	82,364
CITIGROUP INC. LINKED TO S&P 500 INDEX BUFFERED	79,000	89,571
CREDIT SUISSE AG LINKED TO S&P 500 INDEX BUFFERED	112,000	120,211
ANTHEM, INC.	131,598	158,941
CROWN CASTLE INTL CORP	63,142	62,084
PHYSICIANS ALTY TR CMN	42,995	42,471
MGM GROWTH PROPERTIES LLC CMN CLASS A	45,623	58,969
HEALTHCARE REALTY TRUST INC	43,647	37,592
VIATRIS INC	0	11,619
PUBLIC STORAGE PFD USDO.9588(3.88%) SERIES N	115,183	118,204
STAG INDUSTRIAL, INC.	35,948	36,738
BRANDYWINE REALTY TRUST NEW	40,651	45,210
KKR REAL ESTATE FINANCE TRUST	20,007	22,633
HIGHWOODS PROPERTIES INC	41,798	44,187
THE BANK OF NOVA SCOTIA LINKED TO S&P 500 INDEX 3152.05	136,000	150,212
MORGAN STANLEY FINANCE LLC LINKED TO S&P 500 INDEX	123,000	131,905
JPMORGAN CHASE & CO. LINKED TO S&P 500 3385.51	109,000	114,614
BNP PARIBAS LINKED TO S&P 500 INDEX	235,000	262,448
TORONTO DOMINION BANK LINKED TO S&P 500 INDEX 3225.52	121,000	134,842
TORONTO DOMINION BANK LINKED TO S&P 500 INDEX 2868.44	114,000	133,996
TRANSDIGM GROUP INCORPORATED	197,311	272,294
CANADIAN IMPERIAL BANK OF COMM LINKED TO S&P 500 3690.01	180,000	180,352
SALESFORCE.COM, INC	100,308	122,837
GENERAL ELECTRIC CO	116,712	186,732
METLIFE INC NON-CUM PFD STK SER F 04.75% PERPETUAL	250,000	272,000
CARLYLE GROUP INC	186,497	197,255
COSTAR GROUP, INC.	124,655	138,642
WHITBREAD PLC SPONSORED ADR	90,994	83,110
JONES LANG LASALLE INCORPORATE	153,865	192,881
AMAZON.COM INC	420,464	407,116
APPLE INC.	457,129	500,507
FACEBOOK, INC.	10,873	10,926
INTRICON CORPORATION	500,885	696,850
MICROSOFT CORPORATION	472,640	475,979
NVIDIA CORPORATION	104,305	96,607
TESLA, INC.	34,598	52,925
HEICO CORP CL-A	82,531	105,939
SS&C TECHNOLOGIES HOLDINGS, IN	118,198	131,241
COMPASS GROUP PLC SPONSORED ADR	89,475	109,459
WAYFAIR INC.	168,097	146,777
CHEVRON CORP	91,540	84,450
DOUGLAS EMMETT INC	125,400	116,720
JPMORGAN CHASE & CO	122,000	127,070
VISA INC CL A	531,925	546,825
PRUDENTIAL FINANCIAL INC	548,361	780,700

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

LAW FOUNDATION INC

EIN:

22-3074635

US Government Securities - End of Year Book Value:

1,123,394

US Government Securities - End of Year Fair Market Value:

1,303,082

State & Local Government Securities - End of Year Book Value:

State & Local Government Securities - End of Year Fair Market Value:

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

LAW FOUNDATION INC

EIN:

22-3074635

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
AMERICAN EXPRESS COMPANY HYBRID PERPETUAL USD SER B	AT COST	49,875	49,625
AMERICAN EXPRESS COMPANY HYBRID PERPETUAL USD SER C	AT COST	49,375	48,669
BLACKROCK GLOBAL ALLOCATIONS	AT COST	786,831	914,438
CITIGROUP INC. HYBRID PERPETUAL USD DE	AT COST	49,463	50,075
GMAC CAPITAL TRUST I PFD 2.0312(8:12%) SER	AT COST	48,117	51,422
GS MEZZANINEPARTNERS V	AT COST	24,168	7,711
GS MLP ENERGY INFRASTRUCTURE	AT COST	3,984,297	1,714,821
GS TACTICAL TILT IMPLEMENTATION	AT COST	2,395,159	2,359,388
GS US EQUITY DIV & PREM FUND	AT COST	7,571,717	9,458,746
JPMORGAN CHASE & CO. HYBRID PERPETUAL USD DEP	AT COST	33,983	33,931
JPMORGAN CHASE & CO. HYBRID PERPETUAL USD SER	AT COST	52,938	56,135
KEYCORP HYBRID PERPETUAL USD DE	AT COST	22,500	27,100
KEYCORP PFD USD1.5313 (6.13%) SERIES E	AT COST	31,241	36,471
KKR ASIAN FUND	AT COST	3,168,725	3,168,725
KKR LENDING PARTNERS EUROPE	AT COST	9,495,429	9,495,429
LIBERTY HARBOR SPV II LTD	AT COST	6,490	422
MORGAN STANLEY PFD USD1.71 88(6.88%)	AT COST	38,752	42,420
MSCI EAFE HEDGED EQUITY INDEX FUND	AT COST	1,925,813	2,323,291
NATIONAL RURAL UTILITIES 000PE HYBRID	AT COST	24,625	27,698
PRIVATE EQUITY CO INVESTMENT	AT COST	688,905	1,162,552
PRIVATE EQUITY MANAGERS 2015	AT COST	577,347	895,457
PRIVATE EQUITY MANAGERS 2016	AT COST	759,018	987,430
PRIVATE EQUITY MANAGERS 2018	AT COST	375,995	376,860
PRIVATE EQUITY MANAGERS 2019	AT COST	355,603	382,385
STATE STREET CORPORATION PFD .3375 SERIES G	AT COST	29,068	34,752
THIRD POINT PARTNERS	AT COST	15,121,553	15,323,183
VINTAGE VII AIV	AT COST	52,482	0
VINTAGE VII LP	AT COST	527,929	711,055
VOYA FINANCIAL, INC. HYBRID PERPETUAL DE	AT COST	48,688	52,875
WELLS FARGO & COMPANY HYBRID PERPETUAL USO SER U	AT COST	49,750	56,688
WEST STREET CAPITAL PARTNERS VII, LP	AT COST	1,690,055	2,171,406
KKR GLOBAL FAMILY INVESTMENT	AT COST	1,141,375	1,141,375
GS HIGH YIELD FUND CLASS P	AT COST	1,772,424	1,842,873
MORGAN STANLEY HYBRID PERPETUAL USD SER J	AT COST	49,750	49,500
STATE STREET CORPORATION HYBRID PERPETUAL USD SER F	AT COST	50,063	49,750
U.S. BANCORP HYBRID PERPETUAL USD SER I	AT COST	20,100	19,950
CITIZENS FINANCIAL GROUP, INC. HYBRID PERPETUAL USD SER A	AT COST	24,957	24,518
GENERAL MOTORS FINANCIAL COMPA HYBRID PERPETUAL SER B	AT COST	22,375	27,156
METLIFE, INC. HYBRID PERPETUAL USD SER D CPN 5.875	AT COST	49,125	57,275
CITIGROUP INC. HYBRID PERPETUAL SER T CPN 6.25	AT COST	24,875	28,674
MORGAN STANLEY HYBRID PERPETUAL USD SER H	AT COST	50,025	49,640
EMERA INCORPORATED HYBRID 06/15/2076 USD SER 16-A	AT COST	25,620	29,219
BANK OF AMERICA CORPORATION HYBRID PERPETUAL USD SER FF	AT COST	24,032	28,250
CITIZENS FINANCIAL GROUP, INC. PFD USD1.5875 SER D	AT COST	9,575	11,046
CAPITAL ONE FINANCIAL CORPORAT HYBRID PERPETUAL USD SER E	AT COST	50,250	49,565
DISCOVER FINANCIAL SERVICES HYBRID PERPETUAL USD SER C	AT COST	18,350	21,400
METLIFE, INC. HYBRID PERPETUAL USD SER C	AT COST	6,015	5,970
VOYA FINANCIAL, INC. HYBRID 05/15/2053	AT COST	48,000	53,000
BANK OF AMERICA CORPORATION HYBRID PERPETUAL USD SER DD	AT COST	26,875	29,189
ENERGY TRANSFER, LP FRN 11/01/2066 USD SER B	AT COST	20,000	17,439
TRUIST FINANCIAL CORPORATION HYBRID PERPETUAL SER L	AT COST	9,763	10,150
M&T BANK CORPORATION HYBRID PERPETUAL USD SER E	AT COST	26,375	27,689
PRUDENTIAL FINANCIAL, INC. HYBRID 06/15/2043 USD	AT COST	51,750	53,784
BANK OF AMERICA CORPORATION HYBRID PERPETUAL USD SER AA	AT COST	52,875	56,654
CENTERPOINT ENERGY, INC HYBRID PERPETUAL USD SER A	AT COST	50,875	52,375
JPMORGAN CHASE & CO. HYBRID PERPETUAL USD SER X	AT COST	25,938	27,419
BNSF FUNDING TRUST I HYBRID 12/15/2055 TR PFD SECS	AT COST	27,188	28,531
TRANSCANADA TRUST HYBRID 08/15/2076 USD SER 16-A	AT COST	25,000	27,875
DUKE ENERGY CORPORATION PFD 5.7500 SERIES A	AT COST	15,250	17,434
REGIONS FINANCIAL CORPORATION PFD USD1.4250 SERIES C	AT COST	5,750	6,624
CAPITAL ONE FINANCIAL CORP PFD USD1.2500 SERIES I	AT COST	16,250	17,284
DUKE ENERGY CORPORATION HYBRID PERPETUAL	AT COST	25,000	27,071
JPMORGAN CHASE & CO. HYBRID PERPETUAL SER FF CPN 5	AT COST	20,600	21,041
CITIZENS FINANCIAL GROUP, INC. PFD 5.0000 SERIES E	AT COST	16,250	17,375
SYNCHRONY FINANCIAL PFD USD1.4062(5.62%) SERIES A	AT COST	15,625	16,688
DOMINION ENERGY, INC. HYBRID PERPETUAL SER B	AT COST	25,000	26,364
AT&T INC. PFD 5 SERIES A	AT COST	15,582	16,963
GS SHORT DURATION INCOME FUND CLASS P	AT COST	4,328,306	4,464,982
SPDR S&P 500 ETF TRUST	AT COST	3,987,750	5,206,279
AMEX HEALTH CARE SELECT SECTOR 'SPDR' FUND	AT COST	1,796,848	1,827,518
JPMORGAN CHASE & CO. HYBRID PERPETUAL SER HH	AT COST	20,000	20,650
WACHOVIA CAPITAL TRUST III HYBRID PERPETUAL	AT COST	49,500	50,632
CITIGROUP INC. HYBRID PERPETUAL SER W CPN 4	AT COST	10,000	10,263
CHARLES SCHWAB CORPORATION HYBRID PERPETUAL SER G	AT COST	35,000	38,980
CHARLES SCHWAB CORPORATION HYBRID PERPETUAL SER H	AT COST	10,000	10,524
PRIVATE EQUITY MANAGERS 2020	AT COST	30,000	27,430
VINTAGE VIII OFFSHORE	AT COST	362,420	464,541
WEST STREET CAPITAL PARTNERS VIII - PARALLEL, L.P.	AT COST	125,451	127,500
WEST STREET STRATEGIC SOLUTIONS OFFSHORE FEEDER FUND I, LLC	AT COST	125,000	124,935
FEDERATED HERMES INSTITUTIONAL HIGH YIELD BOND FUND INSTITUTIONAL	AT COST	1,968,183	2,047,446
EQUITABLE HOLDINGS, INC. HYBRID PERPETUAL SER B	AT COST	10,000	10,637
HUNTINGTON BANCSHARES INCORPOR HYBRID PERPETUAL SER G	AT COST	30,000	31,987
MORGAN STANLEY HYBRID PERPETUAL SER M CPN 5.875	AT COST	33,013	39,200
METLIFE, INC. HYBRID PERPETUAL SER G JRSUB LIEN	AT COST	20,000	21,100
CITIGROUP INC. HYBRID PERPETUAL USD SER P SUB LIEN	AT COST	19,100	21,850
MORGAN STANLEY HYBRID PERPETUAL SER N	AT COST	8,838	10,200
ENBRIDGE INC. HYBRID 07/15/2080 SER 20-A	AT COST	15,000	16,886
BANK OF AMERICA CORP. HYBRID PERPETUAL USD SER JJ	AT COST	13,875	15,860
SOUTHERN COMPANY (THE) HYBRID 01/15/2051 SER B	AT COST	15,000	15,892
PARTNERRE FINANCE B LLC HYBRID 10/01/2050	AT COST	20,000	20,952
DISCOVER FINANCIAL SERVICES HYBRID PERPETUAL SER D	AT COST	30,000	33,824
TRUIST FINANCIAL CORPORATION HYBRID PERPETUAL SER Q	AT COST	25,000	28,398
TRUIST FINANCIAL CORPORATION HYBRID PERPETUAL USD SER N	AT COST	12,675	15,842
TRUIST FINANCIAL CORPORATION HYBRID PERPETUAL USD SER P	AT COST	5,000	5,500
CMS ENERGY CORPORATION HYBRID 06/01/2050 JRSUB LIEN	AT COST	5,200	5,632
CMS ENERGY CORPORATION HYBRID 12/01/2050 JRSUB LIEN	AT COST	5,000	5,109
BANK OF NOVA SCOTIA (THE) HYBRID PERPETUAL SUB LIEN	AT COST	5,025	5,412
REGIONS FINANCIAL CORPORATION HYBRID PERPETUAL SER D	AT COST	5,000	5,570
BANK OF NEW YORK MELLON CORPOR HYBRID PERPETUAL SER H	AT COST	30,000	31,040
BANK OF NEW YORK MELLON CORPOR HYBRID PERPETUAL SER G	AT COST	30,000	33,083
MARKEL CORPORATION HYBRID PERPETUAL JRSUB LIEN	AT COST	10,000	11,062
FIFTH THIRD BANCORP HYBRID PERPETUAL SER L JRSUB LIEN	AT COST	40,000	42,540

- TIN:

TY 2020 LegalFeesSchedule

Name:

LAW FOUNDATION INC

EIN:

22-3074635

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	2,230	2,230		0

- TIN:

TY 2020 OtherExpensesSchedule

Name:

LAW FOUNDATION INC

EIN:

22-3074635

Description	Revenue and Expenses per Books	Net Investment Income
INVESTMENT & TRANSFER FEES	660	660
OTHER PARTNERSHIP DEDUCTIONS	230,826	230,826
LESS: AMOUNT ATTRIBUTABLE TO UBI	0	-53,123
ACCRUED INTEREST	11,931	11,931
MISCELLANEOUS EXPENSE	31	31
INVESTMENT INTEREST EXPENSE	94,980	94,980
LESS: AMOUNT ATTRIBUTABLE TO UBI	0	-35,395

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

LAW FOUNDATION INC

EIN:

22-3074635

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER PARTNERSHIP INCOME	325,058	325,058	325,058
LESS: AMOUNT ATTRIBUTABLE TO UBI (LOSS)		-456,969
OTHER INCOME	7	7	7
TAX REFUND	78,256		78,256

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

LAW FOUNDATION INC

EIN:

22-3074635

Description	Amount
PARTNERSHIP ADJUSTMENT	4,566,883

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

LAW FOUNDATION INC

EIN:

22-3074635

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	283,100	283,100		0

- TIN:

TY 2020 TaxesSchedule

Name:

LAW FOUNDATION INC

EIN:

22-3074635

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL TAX	186,516	0		0
FOREIGN TAXES	792	792		0