TY 2020 Form 990PF

- TIN:

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

Do not enter social security numbers on this form as it may be made public.
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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
THE SALON FAMILY FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)C/O JOEL SALON 15 FARAWAY ROAD
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
ARMONK, NY10504

A Employer identification number

84-1721846

B Telephone number (see instructions)

(347) 589-8551

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

$1,720,174J 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	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	11,526		11,526	11,526
4	Dividends and interest from securities...	13,261		13,261	13,261
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		125,506
b	Gross sales price for all assets on line 6a 963,805
7	Capital gain net income (from Part IV, line 2)...			125,506
8	Net short-term capital gain.........				83,324
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	150,293		150,293	108,111
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		568	568
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		11,641	11,641
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	12,209		12,209		0
25	Contributions, gifts, grants paid.......	84,280				84,280
26	Total expenses and disbursements. Add lines 24 and 25	96,489		12,209		84,280
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	53,804
b	Net investment income (if negative, enter -0-)			138,084
c	Adjusted net income (if negative, enter -0-)...				108,111

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.............	36,415	33,652	33,652
	2	Savings and temporary cash investments.........	8,586	137,492	137,492
	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)
	b	Investments—corporate stock (attach schedule).......	775,095	611,951	1,107,842
	c	Investments—corporate bonds (attach schedule).......	265,258	325,136	332,578
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	62,362	93,289	108,610
	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)	1,147,716	1,201,520	1,720,174
	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
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	1,147,716
	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).....	1,147,716	1,201,520
	30	Total liabilities and net assets/fund balances (see instructions).	1,147,716	1,201,520

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

1,147,716

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

53,804

Other increases not included in line 2 (itemize) bullet

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

1,201,520

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 .

1,201,520

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	100 ALIBABA GROUP HOLDING LTD SPON	P	2020-08-06	2020-12-28
b	2 AMAZON.COM INC	P	2019-10-31	2020-07-10
c	5 AMAZON.COM INC	P	2019-10-31	2020-09-03
d	50 BLACK KNIGHT INC COM	P	2019-05-02	2020-01-02
e	50 BLACK KNIGHT INC COM	P	2019-05-03	2020-01-02
	150 BLACK KNIGHT INC COM	P	2019-05-01	2020-01-03
	100 BLACK KNIGHT INC COM	P	2019-03-01	2020-01-06
	100 BLACK KNIGHT INC COM	P	2019-03-04	2020-01-06
	50 BLACK KNIGHT INC COM	P	2019-03-05	2020-01-06
	70 BOEING CO COM	P	2019-11-04	2020-03-05
	100 CHENIERE ENERGY INC COM	P	2019-08-06	2020-03-09
	600 CISCO SYS INC COM	P	2019-08-19	2020-02-19
	350 CISCO SYS INC COM	P	2019-10-09	2020-02-19
	50 DISNEY WALT CO	P	2019-04-15	2020-03-06
	150 DRAFTKINGS INC COM CL A	P	2020-04-20	2020-05-18
	50 DRAFTKINGS INC COM CL A	P	2020-04-21	2020-05-18
	50 DRAFTKINGS INC COM CL A	P	2020-04-20	2020-05-20
	50 DRAFTKINGS INC COM CL A	P	2020-04-16	2020-05-26
	50 DRAFTKINGS INC COM CL A	P	2020-04-17	2020-05-26
	100 DRAFTKINGS INC COM CL A	P	2020-01-30	2020-06-03
	250 DRAFTKINGS INC COM CL A	P	2020-04-16	2020-06-03
	50 DRAFTKINGS INC COM CL A	P	2020-01-21	2020-06-29
	50 DRAFTKINGS INC COM CL A	P	2020-01-31	2020-06-29
	150 DRAFTKINGS INC COM CL A	P	2020-02-03	2020-06-29
	75 ECOLAB INC, ECL	P	2019-10-29	2020-03-23
	25 ECOLAB INC, ECL	P	2019-10-29	2020-07-31
	75 ECOLAB INC, ECL	P	2019-11-01	2020-07-31
	25 FIDELITY NATL INFORMATION SERVICES	P	2020-10-23	2020-12-23
	100 INTERCONTINENTAL EXCHANGE INC COM	P	2019-04-16	2020-01-03
	250 JP MORGAN CHASE & CO	P	2020-04-09	2020-10-15
	600 PROSHARES SHORT QQQ, PSQ	P	2020-07-01	2020-11-09
	700 PROSHARES SHORT QQQ, PSQ	P	2020-07-09	2020-11-09
	900 PROSHARES SHORT QQQ, PSQ	P	2020-09-08	2020-11-09
	250 PROSHARES TR SHORT S&P 500	P	2020-03-10	2020-04-13
	100 PROSHARES TR SHORT S&P 500	P	2020-02-27	2020-04-17
	150 PROSHARES TR SHORT S&P 500	P	2020-03-10	2020-04-17
	250 PROSHARES TR SHORT S&P 500	P	2020-02-27	2020-04-27
	650 PROSHARES TR SHORT S&P 500	P	2019-12-13	2020-04-29
	600 PROSHARES TR SHORT S&P 500	P	2019-12-13	2020-11-09
	500 PROSHARES TR SHORT S&P 500	P	2020-01-14	2020-11-09
	1100 PROSHARES TR SHORT S&P 500	P	2020-06-29	2020-11-09
	100 SALESFORCE.COM INC	P	2020-06-04	2020-08-25
	20000 SEMPRA ENERGY NOTE	P	2020-07-01	2020-10-09
	150 SUNRUN INC COM	P	2019-11-15	2020-02-26
	150 SUNRUN INC COM	P	2019-11-15	2020-02-27
	100 SUNRUN INC COM	P	2019-11-14	2020-06-18
	100 SUNRUN INC COM	P	2019-11-14	2020-06-19
	150 SUNRUN INC COM	P	2020-03-17	2020-08-25
	125 SUNRUN INC COM	P	2020-03-17	2020-08-26
	150 SUNRUN INC COM	P	2020-03-19	2020-08-26
	25 SUNRUN INC COM	P	2020-03-18	2020-10-02
	154 SUNRUN INC COM	P	2020-03-18	2020-10-07
	96 SUNRUN INC COM	P	2020-03-18	2020-10-07
	425 T-MOBILE US INC	P	2020-06-26	2020-07-17
	175 TJX COMPANIES INC	P	2020-05-26	2020-10-15
	200 TJX COMPANIES INC	P	2020-05-27	2020-10-15
	25 UNIVERSAL DISPLAY CORP, OLED	P	2020-07-27	2020-10-15
	20 UNIVERSAL DISPLAY CORP, OLED	P	2020-07-27	2020-10-16
	5 UNIVERSAL DISPLAY CORP, OLED	P	2020-07-27	2020-10-20
	250 VIRGIN GALACTIC HOLDINGS INC COM	P	2019-10-03	2020-02-10
	200 VIRGIN GALACTIC HOLDINGS INC COM	P	2019-10-03	2020-02-18
	125 VIRGIN GALACTIC HOLDINGS INC COM	P	2019-10-03	2020-02-20
	50 VIRGIN GALACTIC HOLDINGS INC COM	P	2019-10-03	2020-03-06
	175 VIRGIN GALACTIC HOLDINGS INC COM	P	2019-10-03	2020-03-11
	350 VIVINT SOLAR INC	P	2019-08-09	2020-02-20
	250 VIVINT SOLAR INC	P	2019-08-12	2020-02-20
	200 VIVINT SOLAR INC	P	2019-08-13	2020-02-20
	250 VIVINT SOLAR INC	P	2019-08-14	2020-02-20
	100 VIVINT SOLAR INC	P	2019-08-15	2020-02-20
	250 VIVINT SOLAR INC	P	2019-09-30	2020-02-20
	400 VIVINT SOLAR INC	P	2019-10-01	2020-02-20
	100 VIVINT SOLAR INC	P	2020-03-16	2020-06-18
	200 VIVINT SOLAR INC	P	2020-03-16	2020-06-19
	50 VIVINT SOLAR INC	P	2020-03-16	2020-06-22
	50 VIVINT SOLAR INC	P	2020-03-16	2020-06-23
	250 VIVINT SOLAR INC	P	2020-03-16	2020-07-07
	700 VIVINT SOLAR INC	P	2020-03-16	2020-07-08
	650 VIVINT SOLAR INC	P	2020-03-17	2020-07-08
	100 AIR PRODUCTS & CHEM, APD	P	2018-12-04	2020-03-09
	25 APPLE INC COM	P	2017-05-26	2020-09-03
	60 BERKSHIRE HATHAWAY INC COM	P	2016-06-29	2020-03-12
	40 BERKSHIRE HATHAWAY INC COM	P	2016-09-21	2020-03-12
	100 BERKSHIRE HATHAWAY INC COM	P	2019-02-22	2020-03-12
	25 BLACKROCK INC COM	P	2018-11-07	2020-08-28
	400 BOSTON SCIENTIFIC CORP	P	2017-12-14	2020-03-11
	375 BOSTON SCIENTIFIC CORP	P	2017-12-14	2020-03-19
	100 CHENIERE ENERGY INC COM	P	2018-11-14	2020-03-09
	150 CHENIERE ENERGY INC COM	P	2018-11-14	2020-03-10
	10000 CVS	P	2017-06-02	2020-08-27
	100 DISNEY WALT CO	P	2017-12-14	2020-03-11
	80 DISNEY WALT CO	P	2017-12-14	2020-03-23
	75 DISNEY WALT CO	P	2019-02-12	2020-03-23
	10000 DUPONT DE NEMOURS INC	P	2019-01-17	2020-11-16
	15 FACEBOOK	P	2016-11-07	2020-06-29
	35 FACEBOOK	P	2019-02-01	2020-06-29
	75 FIDELITY NATL INFORMATION SERVICE	P	2019-09-12	2020-12-23
	25 JPMORGAN CHASE & CO	P	2019-02-14	2020-10-15
	10000 LEIDOS HOLDINGS INC	P	2018-03-28	2020-09-02
	10000 LENNAR CORP	P	2018-06-26	2020-11-24
	9000 LEVEL 3 FING INC	P	2017-01-11	2020-07-15
	10000 NIELSEN FIN LLC	P	2017-06-21	2020-06-04
	250 NOVARTIS AG SPONSORED	P	2018-11-29	2020-11-23
	100 NOVARTIS AG SPONSORED	P	2018-11-30	2020-11-23
	100 NOVARTIS AG SPONSORED	P	2019-02-15	2020-11-23
	25 PHILLIPS 66	P	2018-12-03	2020-01-20
	75 PHILLIPS 66	P	2016-06-08	2020-02-27
	80 PHILLIPS 66	P	2016-07-12	2020-02-27
	175 PHILLIPS 66	P	2018-12-03	2020-02-27
	5 ROYAL DUTCH SHELL	P	2016-11-07	2020-02-04
	25 ROYAL DUTCH SHELL	P	2016-11-09	2020-02-04
	80 ROYAL DUTCH SHELL	P	2017-12-20	2020-02-04
	125 ROYAL DUTCH SHELL	P	2019-02-01	2020-02-04
	50 ROYAL DUTCH SHELL	P	2016-11-08	2020-02-05
	35 ROYAL DUTCH SHELL	P	2016-11-09	2020-02-05
	145 ROYAL DUTCH SHELL	P	2016-11-22	2020-03-05
	250 SEMPRA ENERGY NOTE	P	2018-01-18	2020-06-03
	25 SEMPRA ENERGY NOTE	P	2018-10-25	2020-06-03
	10000 SERVICE CORP INTL	P	2017-06-27	2020-08-10
	100 SUNRUN INC COM	P	2018-08-20	2020-02-25
	100 SUNRUN INC COM	P	2018-08-20	2020-06-19
	25 SUNRUN INC COM	P	2018-08-20	2020-06-22
	50 SUNRUN INC COM	P	2018-08-20	2020-06-23
	51 SUNRUN INC COM	P	2018-08-20	2020-07-01
	99 SUNRUN INC COM	P	2018-08-20	2020-07-02
	250 SUNRUN INC COM	P	2018-08-20	2020-07-13
	450 SUNRUN INC COM	P	2018-12-21	2020-07-13
	225 SUNRUN INC COM	P	2018-12-24	2020-07-13
	75 SUNRUN INC COM	P	2018-12-26	2020-07-13
	15 UNIVERSAL DISPLAY CORP, OLED	P	2018-05-14	2020-10-20
	30 UNIVERSAL DISPLAY CORP, OLED	P	2018-05-15	2020-10-20
	5000 WELLS FARGO CO NEW	P	2017-06-02	2020-03-26

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	22,309	26,395	-4,086
b	6,344	3,556	2,788
c	16,728	8,890	7,838
d	3,196	2,747	449
e	3,196	2,748	448
	9,633	8,211	1,422
	6,401	5,252	1,149
	6,401	5,242	1,159
	3,200	2,614	586
	18,410	24,542	-6,132
	3,897	6,086	-2,189
	27,815	29,007	-1,192
	16,225	16,411	-186
	5,693	6,598	-905
	4,576	2,638	1,938
	1,525	880	645
	1,530	879	651
	1,528	800	728
	1,528	840	688
	4,030	1,449	2,581
	10,075	4,002	6,073
	1,683	685	998
	1,683	724	959
	5,050	2,171	2,879
	9,438	14,529	-5,091
	4,648	4,843	-195
	13,943	14,373	-430
	3,362	3,601	-239
	9,448	7,939	1,509
	25,368	25,902	-534
	9,238	11,336	-2,098
	10,778	12,614	-1,836
	13,857	15,203	-1,346
	6,440	6,836	-396
	2,479	2,527	-48
	3,719	4,102	-383
	6,132	6,318	-186
	15,628	15,936	-308
	11,131	14,710	-3,579
	9,276	11,796	-2,520
	20,407	25,086	-4,679
	21,534	17,336	4,198
	20,000	20,003	-3
	3,165	2,206	959
	3,128	2,206	922
	2,001	1,426	575
	2,021	1,426	595
	7,627	1,424	6,203
	6,324	1,187	5,137
	7,589	1,368	6,221
	2,001	216	1,785
	12,489	1,332	11,157
	7,785	831	6,954
	51	111	-60
	10,034	9,668	366
	11,467	11,146	321
	4,817	4,205	612
	3,836	3,364	472
	952	841	111
	5,127	2,688	2,439
	6,363	2,150	4,213
	5,029	1,344	3,685
	1,100	538	562
	2,945	1,881	1,064
	4,408	2,610	1,798
	3,149	1,875	1,274
	2,519	1,500	1,019
	3,149	1,862	1,287
	1,260	735	525
	3,149	1,626	1,523
	5,038	2,606	2,432
	1,001	526	475
	2,026	1,052	974
	500	263	237
	508	263	245
	3,752	1,315	2,437
	10,734	3,683	7,051
	9,967	3,338	6,629
	20,918	16,451	4,467
	3,083	961	2,122
	10,824	8,502	2,322
	7,216	5,831	1,385
	18,040	20,233	-2,193
	14,947	10,493	4,454
	13,649	10,264	3,385
	10,165	9,622	543
	3,897	5,902	-2,005
	5,774	8,853	-3,079
	11,084	10,346	738
	10,494	11,083	-589
	6,595	8,867	-2,272
	6,183	8,236	-2,053
	10,000	10,000
	3,171	1,831	1,340
	7,398	5,834	1,564
	10,086	10,027	59
	2,537	2,570	-33
	10,000	10,019	-19
	10,077	10,019	58
	9,000	9,132	-132
	10,000	10,019	-19
	21,754	19,912	1,842
	8,702	7,986	716
	8,702	7,871	831
	2,800	2,310	490
	5,747	6,145	-398
	6,130	6,101	29
	13,409	16,169	-2,760
	263	269	-6
	1,313	1,341	-28
	4,200	5,293	-1,093
	6,563	7,923	-1,360
	2,671	2,671
	1,870	1,877	-7
	7,746	7,756	-10
	32,937	26,487	6,450
	3,294	2,875	419
	10,204	10,336	-132
	2,112	1,353	759
	2,021	1,353	668
	500	338	162
	1,002	676	326
	1,020	690	330
	2,003	1,339	664
	7,910	3,382	4,528
	14,238	4,811	9,427
	7,119	2,340	4,779
	2,373	799	1,574
	2,857	1,494	1,363
	5,714	2,949	2,765
	5,000	5,189	-189

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			-4,086
b			2,788
c			7,838
d			449
e			448
			1,422
			1,149
			1,159
			586
			-6,132
			-2,189
			-1,192
			-186
			-905
			1,938
			645
			651
			728
			688
			2,581
			6,073
			998
			959
			2,879
			-5,091
			-195
			-430
			-239
			1,509
			-534
			-2,098
			-1,836
			-1,346
			-396
			-48
			-383
			-186
			-308
			-3,579
			-2,520
			-4,679
			4,198
			-3
			959
			922
			575
			595
			6,203
			5,137
			6,221
			1,785
			11,157
			6,954
			-60
			366
			321
			612
			472
			111
			2,439
			4,213
			3,685
			562
			1,064
			1,798
			1,274
			1,019
			1,287
			525
			1,523
			2,432
			475
			974
			237
			245
			2,437
			7,051
			6,629
			4,467
			2,122
			2,322
			1,385
			-2,193
			4,454
			3,385
			543
			-2,005
			-3,079
			738
			-589
			-2,272
			-2,053

			1,340
			1,564
			59
			-33
			-19
			58
			-132
			-19
			1,842
			716
			831
			490
			-398
			29
			-2,760
			-6
			-28
			-1,093
			-1,360

			-7
			-10
			6,450
			419
			-132
			759
			668
			162
			326
			330
			664
			4,528
			9,427
			4,779
			1,574
			1,363
			2,765
			-189

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	125,506
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	83,324

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	1,919
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	1,919
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	1,919
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	1,429
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	1,429
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	490
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax	Refunded	11

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

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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?........

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

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

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 .

Yes

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

HEATHER SALON Telephone no. bullet

(347) 589-8551

Located at bullet

369 BRAGG HILL ROADNORWICHVT ZIP+4 bullet

05055

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
JOEL SALON	President 0.25	0
15 FARAWAY ROAD ARMONK,NY10504	President 0.25	0
CAROLYN SALON	Vice President 0.25	0
15 FARAWAY ROAD ARMONK,NY10504	Vice President 0.25	0
HEATHER SALON	Vice President 0.25	0
369 BRAGG HILL ROAD NORWICH,VT05055	Vice President 0.25	0
DEBORAH SALON	Vice President 0.25	0
208 EAST 14TH STREET TEMPE,AZ85281	Vice President 0.25	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...................

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

1,530,212

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

45,424

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

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

1,575,636

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

1,575,636

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

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

23,635

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

1,552,001

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

77,600

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

77,600

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

1,919

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

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

1,919

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

75,681

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

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

75,681

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

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

75,681

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 ..........

84,280

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

84,280

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

84,280

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	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7			75,681
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......
d From 2018......	3,836
e From 2019......
fTotal of lines 3a through e........		3,836
4Qualifying distributions for 2020 from Part
XII, line 4: $ 84,280
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)........		0
d Applied to 2020 distributable amount.....			75,681
e Remaining amount distributed out of corpus		8,599
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		12,435
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) ...
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		12,435
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....	3,836
d Excess from 2019....
e Excess from 2020....	8,599

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).)

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
NEW YORK MEDICAL COLLEGE 40 SUNSHINE COTTAGE ROAD VALHALLA,NY10595	NONE	PF	EDUCATION	1,580
WOMEN FOR WOMEN INTERNATIONAL PO BOX 9224 CENTRAL ISLIP,NY11722	NONE	PF	CHARITABLE	1,580
UNITED WAY OF WESTCHESTER AND PUTNAM INC PO BOX 8000 DEPARTMENT 952 BUFFALO,NY14267	NONE	PF	CHARITABLE	2,700
UNION OF CONCERNED SCIENTISTS PO BOX 4123 WOBURN,MA01888	NONE	PF	CHARITABLE	1,580
UJA FEDERATION OF NEW YORK PO BOX 5104 TOMS RIVER,NJ08754	NONE	PF	CHARITABLE	500
SOLAR COOKERS INTERNATIONAL 2400 22ND ST SUITE 210 SACRAMENTO,CA95818	NONE	PF	CHARITABLE	1,580
REED COLLEGE 3203 SOUTHEAST WOODSTOCK BOULEVARD PORTLAND,OR97202	NONE	PF	CHARITABLE	3,000
THE NATURE CONSERVANCY PO BOX 1561 MERRIFIELD,VA22116	NONE	PF	CHARITABLE	700
NATIONAL KIDNEY FOUNDATION 30 EAST 33RD STREET NEW YORK,NY10016	NONE	PF	CHARITABLE	1,160
FINCA PO BOX 98048 WASHINGTON,DC20090	NONE	PF	CHARITABLE	2,800
AJC 165 EAST 56TH STREET NEW YORK,NY10022	NONE	PF	CHARITABLE	1,580
ACCION PO BOX 265 ALLENWOOD,NJ08720	NONE	PF	CHARITABLE	1,580
THE FAMILY PLACE 319 US RTE 5 SOUTH NORWICH,VT05055	NONE	PF	CHARITABLE	5,500
REVELS NORTH PO BOX 415 HANOVER,NH03755	NONE	PF	CHARITABLE	1,500
VPIRGVPIREF 141 MAIN STREET MONTPELIER,VT05602	NONE	PF	CHARITABLE	2,700
UPPER VALLEY HAVEN 713 HARTFORD AVE WHITE RIVER JUNCTION,VT05001	NONE	PF	CHARITABLE	5,500
PLANNED PARENTHOOD OF AMERICA PO BOX 97166 WASHINGTON,DC20090	NONE	PF	CHARITABLE	2,100
VALLEY OF THE SUN UNITED WAY 3200 E CAMELBACK ROAD PHOENIX,AZ85018	NONE	PF	CHARITABLE	2,100
THE NEW YORK TIMES NEEDIEST CASES FUND PO BOX 5193 NEW YORK,NY10087	NONE	PF	CHARITABLE	2,100
INTERNALTIONAL RESCUE COMMITTEE PO BOX 6068 ALBERT LEA,MN56007	NONE	PF	CHARITABLE	2,100
350ORG 20 JAY STREET SUITE 732 BROOKLYN,NY11201	NONE	EOF	EDUCATIONAL	2,100
THE ALEX MORROW CHILDRENS FUND 56 RYE ROAD RYE,NY10580	NONE	EOF	EDUCATIONAL	420
THE BRIDGE FUND OF NEW YORK INC 271 MADISON AVENUE SUITE 907 NEW YORK,NY10016	NONE	EOF	EDUCATIONAL	9,200
ENVIROMENTAL DEFENSE FUND PO BOX 98051 WASHINGTON,DC20077	NONE	EOF	EDUCATIONAL	2,650
GRAMEEN FOUNDATION USA 1101 15TH STREET NW FLOOR 3 WASHINGTON,DC20005	NONE	EOF	EDUCATIONAL	800
KLIPTOWN YOUTH PROGRAM PO BOX 127 KLIPTOWN 1811 SF	NONE	EOF	EDUCATIONAL	1,000
OXFARM AMERICA 226 CAUSEWAY STREET FLOOR 5 BOSTON,MA02114	NONE	EOF	EDUCATIONAL	2,560
TECHNOSERVE PO BOX 96828 WASHINGTON,DC20077	NONE	EOF	EDUCATIONAL	1,100
UMOM NEW DAY CENTERS 3333 EAST VAN BUREN ST PHOENIX,AZ85008	NONE	EOF	EDUCATIONAL	2,600
NYPIRG BSMT B1 9 MURRAY STREET NEW YORK,NY10277	NONE	EOF	EDUCATIONAL	80
PBA OF THE TOWN OF NORTH CASTLE PO BOX 659 ARMONK,NY10504	NONE	GOV	CHARITABLE	140
NATIONAL PARKS CONSERVATION ASSOCIATION PO BOX 97202 WASHINGTON,DC20090	NONE	POF	ENVIROMENTAL	140
NORTHERN WESTCHESTER HOSPITAL 400 EAST MAIN STREET MOUNT KISCO,NY10549	NONE	EOF	MEDICAL	210
FRIENDS OF NORTH CASTLE PUBLIC LIBRARY PO BOX 767 ARMONK,NY10504	NONE	POF	ENVIROMENTAL	140
THE FRESH AIR FUND PO BOX 4535 NEW YORK,NY10164	NONE	POF	CHILDREN	140
CYSTIC FIBROSIS FOUNDATION PO BOX 5004 HAGERSTOWN,MD21741	NONE	POF	MEDICAL	140
COMMUNITY CENTER OF NORTHERN WESTCHESTER 84 BEDFORD ROAD KATONAH,NY10536	NONE	POF	CHARITABLE	2,000
BOYS&GIRLS CLUB OF NORTHERN WESTCHESTER 351 EAST MAIN STREET MT KISCO,NY10549	NONE	POF	CHILDREN	140
ARMONK FIRE DEPARTMENT PO BOX 116 ARMONK,NY10504	NONE	POF	CHARITABLE	140
AMNESTY INTERNATIONAL PO BOX 98233 WASHINGTON,DC20077	NONE	POF	ENVIROMENTAL	140
AMERICAN INDIAN COLLEGE FUND PO BOX 172449 DENVER,CO80217	NONE	POF	EDUCATIONAL	140
AFS-USA INC 120 WALL STREET 4TH FL NEW YORK,NY10269	NONE	POF	CHARITABLE	100
AMERICAN CIVIL LIBERTIES UNION PO BOX 96259 WASHINGTON,DC20077	NONE	POF	CHARITABLE	60
COMMUNITY CENTER OF NORTHERN WESTCHESTER 84 BEDFORD ROAD KATONAH,NY10536	NONE	PF	EDUCATION	1,000
BRAIN & BEHAVIOR RESEARCH FOUNDATION 747 THIRD AVENUE NEW YORK,NY10017	NONE	PF	MEDICAL	1,000
CAMFED 466 GREARY STREET SUITE 400 SAN FRANSISCO,CA94102	NONE	PF	ENVIROMENTAL	2,000
GIVEDIRECTLY PO BOX 3221 NEW YORK,NY10008	NONE	PF	CHARITABLE	2,000
READING IS FUNDAMENTAL PO BOX 96897 WASHINGTON,DC20090	NONE	PF	EDUCATION	500
ST MARYS FOOD BANK ALLIANCE 2831 NORTH 31ST AVENUE PHOENIX,AZ85009	NONE	PF	CHARITABLE	2,100
SOCIETY IF ST VINCENT DE PAUL - PHOENIX 420 WEST WATKINS ROAD PHOENIX,AZ85002	NONE	PF	CHARITABLE	2,100
ST JUDE CHILDRENS RESEARCH HOSPITAL PO BOX 1000 DEPT 495 MEMPHIS,TN38101	NONE	PF	MEDICAL	500
FRIENDS OF UNFPA PO BOX 387 ALLENWOOD,NJ08720	NONE	PF	CHARITABLE	2,700
WESTCHESTER LAND TRUST 403 HARRIS ROAD BEDFORD HILLS,NY10507	NONE	PF	ENVIROMENTAL	300
Total ................................. 3a				84,280

bApproved for future payment

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

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	11,526
4 Dividends and interest from securities....			14	13,261
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 ............					125,506
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				24,787	125,506

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

150,293

(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.)

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:	20011551
Software Version:	2020v4.0

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

THE SALON FAMILY FOUNDATION INC

EIN:

84-1721846

Software ID:

20011551

Software Version:

2020v4.0

Name of Bond	End of Year Book Value	End of Year Fair Market Value
CORPORATE BONDS	325,136	332,578

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

THE SALON FAMILY FOUNDATION INC

EIN:

84-1721846

Software ID:

20011551

Software Version:

2020v4.0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
EQUITIES	611,951	1,107,842

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

THE SALON FAMILY FOUNDATION INC

EIN:

84-1721846

Software ID:

20011551

Software Version:

2020v4.0

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
EXCHANGE TRADED PRODUCTS	AT COST	93,289	108,610

- TIN:

TY 2020 OtherExpensesSchedule

Name:

THE SALON FAMILY FOUNDATION INC

EIN:

84-1721846

Software ID:

20011551

Software Version:

2020v4.0

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCRUED INTEREST PAID ON INVESTMENTS	1,647	1,647
BROKERAGE INVESTMENT FEES	9,994	9,994

- TIN:

TY 2020 TaxesSchedule

Name:

THE SALON FAMILY FOUNDATION INC

EIN:

84-1721846

Software ID:

20011551

Software Version:

2020v4.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX	568	568