Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
Surf Point Foundation
Trust Agree 04-07-88
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 446
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
York, ME039090446
A Employer identification number

01-6084742
B Telephone number (see instructions)

(207) 774-0022
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$14,438,995J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 20,758
2 Check bullet.............
3 Interest on savings and temporary cash investments 96,020 86,707 96,020
4 Dividends and interest from securities... 75,314 75,314 75,314
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 217,802
b Gross sales price for all assets on line 6a 1,261,080
7 Capital gain net income (from Part IV, line 2)... 217,802
8 Net short-term capital gain......... 2,514
9 Income modifications...........  
10a Gross sales less returns and allowances 24,910
b Less: Cost of goods sold.... 11,581
c Gross profit or (loss) (attach schedule)..... 13,329 13,329
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 423,223 379,823 187,177
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 144,467 7,223 7,223 137,244
14 Other employee salaries and wages...... 4,208 0 0 4,208
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 19,107 0 0 19,107
b Accounting fees (attach schedule)....... Click to see attachment 19,534 9,767 9,767 9,767
c Other professional fees (attach schedule).... Click to see attachment 167,805 31,075 31,075 136,730
17 Interest............... 174 174 174 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 50,605 1,226 1,226 41,841
19 Depreciation (attach schedule) and depletion... Click to see attachment 35,947 0 0
20 Occupancy.............. 53,640 0 0 53,640
21 Travel, conferences, and meetings....... 4,659 0 0 4,659
22 Printing and publications.......... 2,433 0 0 2,433
23 Other expenses (attach schedule)....... Click to see attachment 40,476 0 0 40,476
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 543,055 49,465 49,465 450,105
25 Contributions, gifts, grants paid....... 26,725 26,725
26 Total expenses and disbursements. Add lines 24 and 25 569,780 49,465 49,465 476,830
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -146,557
b Net investment income (if negative, enter -0-) 330,358
c Adjusted net income (if negative, enter -0-)... 137,712
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 358,102 231,308 231,308
2 Savings and temporary cash investments......... 889,845 786,469 786,469
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 603,229 Click to see attachment514,664 514,664
b Investments—corporate stock (attach schedule)....... 4,898,217 Click to see attachment5,797,008 5,797,008
c Investments—corporate bonds (attach schedule)....... 2,938,627 Click to see attachment2,949,276 2,949,276
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 315,700 Click to see attachment554,303 554,303
14 Land, buildings, and equipment: basis bullet3,409,909
Less: accumulated depreciation (attach schedule) bullet104,607 3,307,139 Click to see attachment3,305,302 3,305,302
15 Other assets (describe bullet) Click to see attachment330,950 Click to see attachment300,665 Click to see attachment300,665
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,641,809 14,438,995 14,438,995
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment27,577
23 Total liabilities (add lines 17 through 22)......... 0 27,577
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 1,086 1,086
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 13,640,723 14,410,332
29 Total net assets or fund balances (see instructions)..... 13,641,809 14,411,418
30 Total liabilities and net assets/fund balances (see instructions). 13,641,809 14,438,995
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
13,641,809
2
Enter amount from Part I, line 27a .....................
2
-146,557
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
916,166
4
Add lines 1, 2, and 3 ..........................
4
14,411,418
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
14,411,418
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly Traded Securities      
b Publicly Traded Securities      
c Capital Gains Dividends P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 212,578   210,064 2,514
b 1,046,219   833,214 213,005
c 2,283     2,283
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       2,514
b       213,005
c       2,283
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 217,802
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 2,514
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 4,592
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 4,592
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 4,592
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 6,000
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 6,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,408
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,408 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletME
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.surfpointfoundation.org
    14
    The books are in care ofbulletConsider It Done Telephone no.bullet (347) 993-7342

    Located atbullet260 Madison Avenue 8th FloorNew YorkNY ZIP+4bullet10016
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Michael Bartner Trustee
    1.00     		0 0 0
    PO Box 446
    York,ME039090446
    Christa Blatchford Trustee
    1.00     		0 0 0
    PO Box 446
    York,ME039090446
    Daisy Desrosiers Trustee
    1.00     		0 0 0
    PO Box 446
    York,ME039090446
    Marc Gotlieb Trustee
    1.00     		0 0 0
    PO Box 446
    York,ME039090446
    Benjamin-Emile Le Hay Trustee
    1.00     		0 0 0
    PO Box 446
    York,ME039090446
    Margaret Hickey Trustee (Part Year)
    1.00     		0 0 0
    PO Box 446
    York,ME039090446
    Deborah Taylor Trustee (Part Year)
    1.00     		0 0 0
    PO Box 446
    York,ME039090446
    Mary Elizabeth Taylor Trustee (Part Year)
    1.00     		0 0 0
    PO Box 446
    York,ME039090446
    Lisa Fischman Chair
    2.00     		0 0 0
    PO Box 446
    York,ME039090446
    Ellen Golden Vice Chair
    2.00     		0 0 0
    PO Box 446
    York,ME039090446
    Jennifer Ritvo Hughes Treasurer
    2.00     		0 0 0
    PO Box 446
    York,ME039090446
    Peter Pitegoff Secretary
    2.00     		0 0 0
    PO Box 446
    York,ME039090446
    Yael Reinharz Executive Director
    40.00     		110,000 34,467 0
    PO Box 446
    York,ME039090446
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Stephen Carr Property Services Property Services 55,081
    12 Carwin Drive
    York,ME03909
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 Surf Point Foundation provides time, space and support for the visual arts community to think, connect and create. 488,411
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    9,009,709
    b
    Average of monthly cash balances.......................
    1b
    954,463
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,964,172
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    9,964,172
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    149,463
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,814,709
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    490,735
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    476,830
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    32,697
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    509,527
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    509,527
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 0
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017...... 22,944
    d From 2018...... 311,393
    e From 2019......  
    fTotal of lines 3a through e........ 334,337
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$  
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 0
    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 5 334,337
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		334,337
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 22,944
    c Excess from 2018.... 311,393
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
    2019-09-06
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
    137,712 78,613 0 0 216,325
    b 85% of line 2a ......... 117,055 66,821 0 0 183,876
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		509,527 843,763 0 0 1,353,290
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		10,250 0 0 0 10,250
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		499,277 843,763 0 0 1,343,040
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		327,157 294,051 0 0 621,208
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    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
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Curtis Memorial Library
    23 Pleasant Street
    Brunswick,ME04011     		N/A PC General Operating Support 250
    York Community Service Association
    PO Box 180
    York,ME03909     		N/A PC General Operating Support 2,500
    Committee to Restore Abyssinian Meeting House
    PO Box 11064
    Portland,ME04104     		N/A PC General Operating Support 1,500
    Gather
    210 West Road 3
    Portsmouth,NH03801     		N/A PC General Operating Support 2,500
    Indigo Arts Alliance
    60 Cove Street
    Portland,ME04101     		N/A PC General Operating Support 1,500
    Abbe Museum
    PO Box 286
    Bar Harbor,ME04609     		N/A PC General Operating Support 1,500
    Mayo Street Arts
    10 Mayo Street
    Portland,ME04101     		N/A PC General Operating Support 500
    Yevgeniya Baras
    PO Box 446
    York,ME03909     		None I Artist Honorarium and Travel Stipend 1,700
    Dennis RedMoon Darkeem
    PO Box 446
    York,ME03909     		None I Artist Honorarium and Travel Stipend 1,700
    Elaine K Ng
    PO Box 446
    York,ME03909     		None I Artist Honorarium 1,000
    Caleb Cole
    PO Box 446
    York,ME03909     		None I Artist Honorarium 1,000
    Kathleen Kolb
    PO Box 446
    York,ME03909     		None I Artist Honorarium 1,000
    Carrie Cushman
    PO Box 446
    York,ME03909     		None I Artist Honorarium 333
    Shao-Ping Wang Chu
    PO Box 446
    York,ME03909     		None I Artist Honorarium 1,000
    Bryan Graf
    PO Box 446
    York,ME03909     		None I Artist Honorarium 1,000
    Daniel Johnson
    PO Box 446
    York,ME03909     		None I Artist Honorarium 333
    Anna Hepler
    PO Box 446
    York,ME03909     		None I Artist Honorarium 1,000
    Jibade Huffman
    PO Box 446
    York,ME03909     		None I Artist Honorarium 1,000
    Cynthia Catherine Barton
    PO Box 446
    York,ME03909     		None I Artist Honorarium 1,000
    Julia Rommel
    PO Box 446
    York,ME03909     		None I Artist Honorarium and Travel Stipend 1,459
    Susan Delvalle
    PO Box 446
    York,ME03909     		None I Artist Honorarium and Travel Stipend 1,800
    Meghan Brady
    PO Box 446
    York,ME03909     		None I Artist Honorarium and Travel Stipend 1,150
    Total .................................bullet 3a 26,725
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 96,020  
    4 Dividends and interest from securities....     14 75,314  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 217,802  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory     01 13,329  
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 402,465 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    402,465
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    Surf Point Foundation
    Trust Agree 04-07-88
    Employer identification number

    01-6084742
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    Surf Point Foundation
    Trust Agree 04-07-88         		Employer identification number
    01-6084742
    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
    Lisa Fischman
    c/o Davis Museum at Wellesley Welle
     
    Wellesley, MA02481

    		$ 6,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Mary Elizabeth Taylor Wohl
    PO Box 446
     
    York, ME039090446

    		$ 10,188


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    Surf Point Foundation
    Trust Agree 04-07-88         		Employer identification number

    01-6084742
    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
    2
    		 52 shares of Visa Inc $ 10,188 2020-06-02
    (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
    Surf Point Foundation
    Trust Agree 04-07-88         		Employer identification number

    01-6084742
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    Surf Point Foundation
     
    Trust Agree 04-07-88
    EIN:
    01-6084742
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 19,534 9,767 9,767 9,767

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

    TY 2020 DepreciationSchedule
    Name:
    Surf Point Foundation
     
    Trust Agree 04-07-88
    EIN:
    01-6084742
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    Building-Residency 2017-07-01 1,034,700 66,327 SL 39.000000000000 26,531 0 26,531  
    Land-Residency 2017-07-01 2,008,300   L   0 0 0  
    Alarm System 2019-09-30 6,814 243 SL 7.000000000000 973 0 973  
    Building-Renovations 2019-10-08 325,985 2,090 SL 39.000000000000 8,359 0 8,359  
    Building-Renovations 2020-12-29 32,697   SL 39.000000000000 0 0 0  
    F&F Additions 2020-07-20 1,413   SL 7.000000000000 84 0 84  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    Surf Point Foundation
     
    Trust Agree 04-07-88
    EIN:
    01-6084742
    Name of Bond End of Year Book Value End of Year Fair Market Value
    55000 units Caterpillar Financial Services 55,029 55,029
    100000 units Bank Nova Scotia B C 101,474 101,474
    100000 units Morgan Stanley 101,106 101,106
    25000 units Citigroup Inc 25,534 25,534
    50000 units Norther TR Corp 51,585 51,585
    50000 units Apple Inc 51,460 51,460
    75000 units US Bancorp 77,959 77,959
    100000 units Citigroup Inc 103,493 103,493
    50000 units Amgen Inc 52,036 52,036
    50000 units JP Morgan Chase 53,028 53,028
    100000 units JP Morgan Chase 107,248 107,248
    25000 units Berkshire Hathaway 26,456 26,456
    100000 units Costellation Brands Inc 109,712 109,712
    75000 units American Honda Fin Corp 77,988 77,988
    50000 units Glaxosmithkline Cap Inc 53,784 53,784
    50000 units Northrop Grumman Corp 54,417 54,417
    50000 units Burlington Northern Sante Fe 54,816 54,816
    50000 units Bank New York Mellon Corp 55,568 55,568
    50000 units Bank of America Corp 56,003 56,003
    100000 units IBM 108,711 108,711
    50000 units Aon PLC 54,605 54,605
    100000 units Amazon.com Inc 109,222 109,222
    100000 units Walt Disney Co 104,886 104,886
    100000 units Coco Cola Co 105,306 105,306
    100000 units Paypal Holdings Inc 107,463 107,463
    50000 units Goldman Sachs Group Inc 55,951 55,951
    50000 units McDonalds Corp 55,692 55,692
    100000 units S&P Global Inc 114,036 114,036
    200000 units Comcast Corp 225,698 225,698
    100000 units McDonalds Corp 115,461 115,461
    50000 units Stryker Corporation 57,032 57,032
    70000 units Nextera Energy 78,956 78,956
    50000 units Wells Fargo & Co 50,006 50,006
    50000 units TD Ameritrade Holding Corp 56,438 56,438
    100000 units Roper Technologies Inc 101,736 101,736
    50000 units DR Horton Inc 50,329 50,329
    50000 units Walt Disney Co 54,215 54,215
    70000 units Boeing Co 74,837 74,837

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Surf Point Foundation
     
    Trust Agree 04-07-88
    EIN:
    01-6084742
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1570.920 units Invesco Developing Markets 85,317 85,317
    2617.282 units Artisan International Investor Class 90,584 90,584
    1413.759 units American Europacific Growth Fund 97,761 97,761
    2756.850 units Goldman Sachs Emerging Markets 83,257 83,257
    7820.961 units T Rowe Price Overseas Stock Fund 94,243 94,243
    720 units iShares Russell 1000 Index Fund 152,524 152,524
    1900 units Vanguard Tax-Managed International Fund 89,699 89,699
    1550 units Vanguard International Eq Index Allworld 90,458 90,458
    1727 units Vanguard International Eq Index FTSE 86,540 86,540
    300 units Accenture PLC 78,363 78,363
    475 units Eaton Corp PLC 57,066 57,066
    200 units Linde PLC 52,702 52,702
    750 units Medtronic PLC 87,855 87,855
    525 units Chubb Limited 80,808 80,808
    2050 units Activision Blizzard Inc 190,342 190,342
    1175 units Akami Technologies 123,363 123,363
    65 units Alphabet Inc 113,922 113,922
    30 units Amazon.com 97,708 97,708
    1000 units American Water Works Company Inc 153,470 153,470
    900 units Ametek Inc 108,846 108,846
    600 units Amphenol Corp 78,462 78,462
    1000 units Apple Inc 132,690 132,690
    390 units Berkshire Hathaway Inc Class B 90,429 90,429
    2175 units Borg Warner Inc 84,042 84,042
    250 units CME Group Inc 45,512 45,512
    1050 units Cerner Corp 82,404 82,404
    1000 units Cognizant Technology Solutions 81,950 81,950
    400 units Colgate-Palmolive Co 34,204 34,204
    150 units Costco Wholesale Corp 56,517 56,517
    825 units Cullen/Frost Bankers Inc. 71,965 71,965
    975 units Walt Disney Co 176,650 176,650
    175 units Ecolab Inc 37,863 37,863
    475 units Facebook Inc 129,751 129,751
    475 units Hershey Company 72,357 72,357
    250 units Home Depot Inc 66,405 66,405
    250 units Idexx Laboratories Inc 124,967 124,967
    150 units Intuit Inc 56,978 56,978
    775 units JP Morgan Chase & Co. 98,479 98,479
    425 units Johnson & Johnson 66,887 66,887
    900 units Merck & Co Inc 73,620 73,620
    50 units Mettler-Toledo International Inc 56,984 56,984
    650 units Microsoft Inc 144,573 144,573
    850 units Microchip Technology Inc 117,394 117,394
    1200 units Nextera Energy Inc 92,580 92,580
    900 units Northern Trust Corp 83,826 83,826
    575 units Oshkosh Corp 49,490 49,490
    400 units Palo Alto Networks Inc 142,156 142,156
    400 units Pepsico Inc 59,320 59,320
    1000 units Polaris Inc 95,280 95,280
    425 units Procter & Gamble Co 59,135 59,135
    200 units Quaker Chemical Corp 50,678 50,678
    1225 units Qualcomm Inc 186,617 186,617
    375 units Rockwell Automation Inc 94,054 94,054
    150 units Roper Technologies Inc 64,664 64,664
    50 units Sherwin-Williams Co 36,746 36,746
    275 units Stryker Corporation 67,386 67,386
    1300 units TJX Companies Inc 88,777 88,777
    225 units Teleflex Incorporated 92,603 92,603
    1575 units US Bancorp 73,379 73,379
    1100 units Unilever PLC 66,396 66,396
    300 units Union Pacific Corp 62,466 62,466
    300 units Unitedhealth Group Inc 105,204 105,204
    150 units Visa Inc 32,809 32,809
    400 units Waste Connections Inc 41,028 41,028
    525 units WEX Inc 106,853 106,853
    300 units Zoetis Inc 49,650 49,650

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    Surf Point Foundation
     
    Trust Agree 04-07-88
    EIN:
    01-6084742
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

    0
    State & Local Government Securities - End of Year Book Value:


    514,664
    State & Local Government Securities - End of Year Fair Market Value:


    514,664


    TY 2020 InvestmentsOtherSchedule2
    Name:
    Surf Point Foundation
     
    Trust Agree 04-07-88
    EIN:
    01-6084742
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    25000 units American Express 2.4% FMV 26,119 26,119
    425 units American Tower Corp FMV 95,396 95,396
    100000 units Capital One 2.05% FMV 103,982 103,982
    110 units Equinix Inc FMV 78,560 78,560
    250000 units First Financial Bank FMV 250,246 250,246

    TY 2020 LandEtcSchedule2
    Name:
    Surf Point Foundation
     
    Trust Agree 04-07-88
    EIN:
    01-6084742
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Building-Residency 1,034,700 92,858 941,842 941,842
    Land-Residency 2,008,300 0 2,008,300 2,008,300
    Alarm System 6,814 1,216 5,598 5,598
    Building-Renovations 325,985 10,449 315,536 315,536
    Building-Renovations 32,697 0 32,697 32,697
    F&F Additions 1,413 84 1,329 1,329


    TY 2020 LegalFeesSchedule
    Name:
    Surf Point Foundation
     
    Trust Agree 04-07-88
    EIN:
    01-6084742
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 19,107 0 0 19,107


    TY 2020 OtherAssetsSchedule
    Name:
    Surf Point Foundation
     
    Trust Agree 04-07-88
    EIN:
    01-6084742
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Artwork & Antique Collection 330,950 300,665 300,665


    TY 2020 OtherExpensesSchedule
    Name:
    Surf Point Foundation
     
    Trust Agree 04-07-88
    EIN:
    01-6084742
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Office Expenses 20,253 0 0 20,253
    Insurance 19,078 0 0 19,078
    Staff Development 1,145 0 0 1,145


    TY 2020 OtherIncreasesSchedule
    Name:
    Surf Point Foundation
     
    Trust Agree 04-07-88
    EIN:
    01-6084742
    Description Amount
    Unrealized Gains on Investments 916,166


    TY 2020 OtherLiabilitiesSchedule
    Name:
    Surf Point Foundation
     
    Trust Agree 04-07-88
    EIN:
    01-6084742
    Description Beginning of Year - Book Value End of Year - Book Value
    PPP Loan 0 27,577


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Surf Point Foundation
     
    Trust Agree 04-07-88
    EIN:
    01-6084742
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Contractor Fees 119,004 0 0 119,004
    Appraisal Fees 200 0 0 200
    Consulting Services 17,526 0 0 17,526
    Investment Fees 31,075 31,075 31,075 0


    TY 2020 TaxesSchedule
    Name:
    Surf Point Foundation
     
    Trust Agree 04-07-88
    EIN:
    01-6084742
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll Taxes 6,963 349 349 6,614
    Property Taxes 35,227 0 0 35,227
    Excise Taxes 7,538 0 0 0
    Foreign Taxes 877 877 877 0