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
FRANK & PEARL GELBMAN CHARITABLE FDN
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1558 DEPT EA5W86
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
COLUMBUS, OH43216
A Employer identification number

20-6609204
B Telephone number (see instructions)

(330) 742-7021
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$12,463,324J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 187,145 184,947  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 620,511
b Gross sales price for all assets on line 6a 6,111,300
7 Capital gain net income (from Part IV, line 2)... 620,511
8 Net short-term capital gain......... 0
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........ 807,656 805,458  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 94,606 47,303   47,303
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 900 0 0 900
c Other professional fees (attach schedule)....       0
17 Interest............... 267 267   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 24,770 1,484   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 200     200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 120,743 49,054 0 48,403
25 Contributions, gifts, grants paid....... 385,500 385,500
26 Total expenses and disbursements. Add lines 24 and 25 506,243 49,054 0 433,903
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 301,413
b Net investment income (if negative, enter -0-) 756,404
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............   1,729 1,729
2 Savings and temporary cash investments......... 244,004 204,084 204,084
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 99,949    
b Investments—corporate stock (attach schedule)....... 6,217,808 Click to see attachment6,679,100 10,787,549
c Investments—corporate bonds (attach schedule)....... 1,451,868 Click to see attachment1,447,502 1,469,962
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,013,629 8,332,415 12,463,324
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)    
23 Total liabilities (add lines 17 through 22).........   0
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........... 8,013,629 8,332,415
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 8,013,629 8,332,415
30 Total liabilities and net assets/fund balances (see instructions). 8,013,629 8,332,415
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
8,013,629
2
Enter amount from Part I, line 27a .....................
2
301,413
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
18,676
4
Add lines 1, 2, and 3 ..........................
4
8,333,718
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,303
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
8,332,415
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 2666.67 INVESCO OPPENHEIMER DEVELOPING MARKETS     2020-05-12
b 902.12 INVESCO OPPENHEIMER DEVELOPING MARKETS     2020-07-23
c 950.77 INVESCO OPPENHEIMER DEVELOPING MARKETS   2012-08-14 2020-08-20
d 2000. ATT INC   2016-04-14 2020-05-12
e 50000. ABBOTT LABS 2.55% 03/15/2022   2016-03-24 2020-04-22
350. AUTOMATIC DATA PROCESSING   2020-01-24 2020-07-23
100000. BANK OF NOVA SCOTIA 2.8% 07/21/2021   2014-10-21 2020-11-09
200. BAXTER INTERNATIONAL INC   2012-12-26 2020-01-24
300. BERKSHIRE HATHAWAY CL-B   2018-02-12 2020-07-23
100000. CHEVRON CORPORATION 2.427% 06/24/2020-20   2014-10-22 2020-06-24
100. CHURCH & DWIGHT CO INC   2011-04-27 2020-03-26
300. CISCO SYSTEMS, INC.     2020-01-24
1000. CISCO SYSTEMS, INC.     2020-03-26
500. CISCO SYSTEMS, INC.     2020-08-20
500. COMCAST CORP   2012-08-14 2020-08-20
1000. COMCAST CORP     2020-08-20
1000. CONOCOPHILLIPS   2018-05-21 2020-03-26
900. CONSOLIDATED EDISON INC COM   2018-09-05 2020-03-26
250. CONSTELLATION BRANDS INC CL A   2019-04-23 2020-01-24
250. CONSTELLATION BRANDS INC CL A   2018-02-12 2020-01-24
166. CORTEVA INC   2011-09-28 2020-01-24
500. CORTEVA INC   2011-09-28 2020-03-26
800. DOLLAR TREE INC   2018-09-05 2020-03-26
250. DOW INC   2011-09-28 2020-05-12
250. DOW INC   2011-09-28 2020-07-23
366. DUPONT DE NEMOURS INC   2011-09-28 2020-05-12
300. DUPONT DE NEMOURS INC   2011-09-28 2020-07-23
400. EBAY INC   2012-02-03 2020-01-24
400. EBAY INC   2012-02-03 2020-03-26
75000. EBAY INC 3.250% 10/15/2020   2015-01-13 2020-07-23
200. ECOLAB INC     2020-05-12
100. ECOLAB INC   2020-03-26 2020-07-23
100. ECOLAB INC   2020-03-26 2020-08-20
200. EDWARDS LIFESCIENCES CORP   2018-05-21 2020-01-24
1000. EDWARDS LIFESCIENCES CORP     2020-07-23
500. EMERSON ELECTRIC CO     2020-03-26
75000. EMERSON ELECTRIC CO 2.625% 12/01/2021-20   2015-06-01 2020-11-19
75000. ESTEE LAUDER CO 1.7% 05/10/2021-2021   2020-07-23 2020-09-09
2871.57 FEDERATED INSTITUTIONAL HIGH-YIELD BOND   2015-12-02 2020-04-01
794.08 GATEWAY FUND - CLASS Y   2016-02-09 2020-01-24
2291.48 GOLDMAN SACHS INFLATION PROTECTED SECUR   2017-10-04 2020-04-01
1500. HP INC   2019-06-21 2020-03-26
100. HOME DEPOT INC.   2015-12-02 2020-01-24
200. HONEYWELL INTL INC COM   2016-06-23 2020-01-24
5000. ISHARES COMEX GOLD TR   2020-08-20 2020-08-31
5000. ISHARES COMEX GOLD TR   2020-08-20 2020-09-30
5000. ISHARES COMEX GOLD TR   2020-08-20 2020-10-31
5000. ISHARES COMEX GOLD TR   2020-08-20 2020-11-30
5000. ISHARES COMEX GOLD TR   2020-08-20 2020-12-31
6552. ISHARES RUSSELL MID-CAP ETF   2018-12-24 2020-01-24
9448. ISHARES RUSSELL MID-CAP ETF   2018-12-24 2020-03-26
400. ISHARES US FINANCIALS ETF   2019-04-23 2020-05-12
400. ISHARES US FINANCIALS ETF     2020-07-23
3500. ISHARES SILVER TRUST (HOLDS SILVER BARS)   2020-08-20 2020-08-31
3500. ISHARES SILVER TRUST (HOLDS SILVER BARS)   2020-08-20 2020-09-30
3500. ISHARES SILVER TRUST (HOLDS SILVER BARS)   2020-08-20 2020-10-31
3500. ISHARES SILVER TRUST (HOLDS SILVER BARS)   2020-08-20 2020-11-30
3500. ISHARES SILVER TRUST (HOLDS SILVER BARS)   2020-08-20 2020-12-31
100. LOCKHEED MARTIN (COMMON STOCK)   2016-08-31 2020-01-24
3594.01 MFS GLOBAL REAL ESTATE FUND   2020-01-24 2020-08-20
13364.19 MFS GLOBAL REAL ESTATE FUND     2020-08-20
200. MCCORMICK & CO INC COM NON VTG   2017-10-04 2020-03-26
200. MCCORMICK & CO INC COM NON VTG   2019-04-23 2020-07-23
200. MCCORMICK & CO INC COM NON VTG     2020-08-20
100. MCDONALDS CORP   2018-09-05 2020-01-24
300. MCDONALDS CORP   2018-09-05 2020-03-26
4516.71 METROPOLITAN WEST UNC BD-I   2019-08-05 2020-04-01
100. NEXTERA ENERGY, INC   2018-09-05 2020-07-23
3351.21 NUVEEN EQUITY MARKET NEUTRAL FUND   2018-12-24 2020-01-24
10267.47 NUVEEN EQUITY MARKET NEUTRAL FUND   2018-12-24 2020-03-26
400. ORACLE CORP   2007-04-20 2020-01-24
450. PAYPAL HOLDINGS INCORPORATION   2012-02-03 2020-01-24
75000. PRAXAIR INC 3% 09/01/2021   2015-01-12 2020-11-27
75000. QUALCOMM INC DATED 05/20/2015 (MAKE WHOL   2015-06-01 2020-05-20
800. ROSS STORES INC   2017-11-28 2020-07-23
200. ROSS STORES INC   2020-03-26 2020-07-23
200. SEMPRA ENERGY CORP   2010-12-22 2020-01-24
200. SEMPRA ENERGY CORP   2010-12-22 2020-07-23
200. SEMPRA ENERGY CORP   2010-12-22 2020-08-20
50000. SIMON PROPERTY GROUP LP 2.75% 02/01/2023   2016-06-01 2020-01-24
250. STATE STREET CORP   2010-09-22 2020-01-24
100. STRYKER CORP   2013-09-30 2020-01-24
380. TEXAS INSTRUMENTS INC.   2014-03-18 2020-01-24
420. TEXAS INSTRUMENTS INC.   2014-03-18 2020-03-26
300. THERMO ELECTRON CORP W/1 RT/SH     2020-05-12
200. THERMO ELECTRON CORP W/1 RT/SH     2020-08-20
100. TRAVELERS COS INC/THE   2008-10-27 2020-01-24
50000. US T-NOTES 2.625% 05/15/2021   2020-01-27 2020-03-23
100000. US T-NOTES 2.625% 05/15/2021   2020-01-27 2020-09-24
40000.98464 US T-NOTES 2.25% 04/15/2022   2020-09-25 2020-11-27
9999.01536 US T-NOTES 2.25% 04/15/2022   2020-09-25 2020-11-27
200000. UNITED STATES TREASURY NOTE     2020-10-19
75000. UNITED STATES TREAS 1.25% 7/31/23   2020-11-19 2020-11-27
100000. US TREASURY N/B 1.625% 06/30/2020   2017-03-21 2020-03-23
200. UNITED TECHNOLOGIES CORP   2005-04-15 2020-01-24
300. V F CORP W/1 RT/SH   2011-03-04 2020-01-24
150. VALERO ENERGY   2011-08-03 2020-01-24
510. VANGUARD FTSE DEVELOPED MARKETS ETF   2018-05-21 2020-07-23
8490. VANGUARD FTSE DEVELOPED MARKETS ETF     2020-08-20
10510. VANGUARD FTSE DEVELOPED MARKETS ETF     2020-08-20
2505.95 VANGUARD SMALL-CAP INDEX FUND   2018-12-24 2020-01-24
3279.89 VANGUARD SMALL-CAP INDEX FUND     2020-03-26
500. WELLS FARGO & CO NEW   2011-11-02 2020-08-20
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(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 100,000   94,007 5,993
b 40,000   29,719 10,281
c 42,528   30,605 11,923
d 57,900   76,720 -18,820
e 51,640   50,589 1,051
51,395   62,428 -11,033
101,740   100,727 1,013
18,214   7,183 11,031
57,739   59,349 -1,610
100,000   102,524 -2,524
6,286   1,974 4,312
14,742   5,535 9,207
38,299   18,120 20,179
21,115   8,782 12,333
21,620   8,683 12,937
43,239   39,524 3,715
30,659   70,130 -39,471
65,123   72,323 -7,200
48,536   52,123 -3,587
48,536   53,316 -4,780
4,651   2,177 2,474
11,947   6,557 5,390
62,495   65,335 -2,840
8,562   5,921 2,641
10,632   5,921 4,711
17,014   13,230 3,784
16,482   10,844 5,638
14,245   5,368 8,877
11,752   5,368 6,384
75,000   77,665 -2,665
39,133   34,951 4,182
20,958   15,897 5,061
19,411   15,897 3,514
46,201   27,463 18,738
77,758   54,126 23,632
23,402   28,545 -5,143
76,581   75,473 1,108
75,584   75,788 -204
24,322   26,933 -2,611
27,689   22,480 5,209
25,000   24,061 939
24,029   31,170 -7,141
23,415   13,404 10,011
35,974   22,458 13,516
20     20
19     19
19     19
18     18
19     19
399,795   287,670 112,125
411,169   414,821 -3,652
40,611   49,424 -8,813
45,527   49,879 -4,352
37     37
35     35
33     33
33     33
34     34
43,159   24,177 18,982
58,582   64,692 -6,110
217,836   200,000 17,836
25,319   19,640 5,679
39,091   30,338 8,753
40,673   24,989 15,684
21,302   16,268 5,034
49,576   48,804 772
50,000   53,884 -3,884
27,971   17,114 10,857
75,000   86,126 -11,126
227,116   263,874 -36,758
21,992   7,616 14,376
53,639   8,897 44,742
76,515   78,227 -1,712
75,000   75,274 -274
69,534   56,863 12,671
17,384   17,148 236
31,868   10,424 21,444
25,454   10,424 15,030
25,481   10,424 15,057
51,371   50,929 442
19,955   9,447 10,508
21,579   6,787 14,792
50,326   17,304 33,022
43,160   19,126 24,034
101,076   62,509 38,567
84,254   48,712 35,542
13,401   4,065 9,336
51,340   50,725 615
101,625   101,449 176
41,145   41,307 -162
10,285   10,326 -41
203,273   204,570 -1,297
77,098   77,115 -17
100,410   99,949 461
30,779   9,873 20,906
25,483   6,704 18,779
13,391   3,139 10,252
20,640   23,232 -2,592
352,370   327,748 24,622
436,208   461,161 -24,953
200,000   155,995 44,005
186,134   188,863 -2,729
11,820   12,671 -851
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      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
      3,913
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       5,993
b       10,281
c       11,923
d       -18,820
e       1,051
      -11,033
      1,013
      11,031
      -1,610
      -2,524
      4,312
      9,207
      20,179
      12,333
      12,937
      3,715
      -39,471
      -7,200
      -3,587
      -4,780
      2,474
      5,390
      -2,840
      2,641
      4,711
      3,784
      5,638
      8,877
      6,384
      -2,665
      4,182
      5,061
      3,514
      18,738
      23,632
      -5,143
      1,108
      -204
      -2,611
      5,209
      939
      -7,141
      10,011
      13,516
      20
      19
      19
      18
      19
      112,125
      -3,652
      -8,813
      -4,352
      37
      35
      33
      33
      34
      18,982
      -6,110
      17,836
      5,679
      8,753
      15,684
      5,034
      772
      -3,884
      10,857
      -11,126
      -36,758
      14,376
      44,742
      -1,712
      -274
      12,671
      236
      21,444
      15,030
      15,057
      442
      10,508
      14,792
      33,022
      24,034
      38,567
      35,542
      9,336
      615
      176
      -162
      -41
      -1,297
      -17
      461
      20,906
      18,779
      10,252
      -2,592
      24,622
      -24,953
      44,005
      -2,729
      -851
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 620,511
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 10,514
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 10,514
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 10,514
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 14,212
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 14,212
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 3,698
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet3,698 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOH
    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 .Click to see attachment
    8b
     
    No
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletHUNTINGTON NATIONAL BANK Telephone no.bullet (330) 742-7021

    Located atbulletPO BOX 1558 DEPT EA5W86COLUMBUSOH ZIP+4bullet43216
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    HUNTINGTON NATIONAL BANK TRUSTEE
    40     		94,606    
    PO BOX 1558 DEPT EA4E86
    COLUMBUS,OH43216
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    10,829,491
    b
    Average of monthly cash balances.......................
    1b
    225,071
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,054,562
    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
    11,054,562
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    165,818
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,888,744
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    544,437
    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
    544,437
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    10,514
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,514
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    533,923
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,000
    5
    Add lines 3 and 4............................
    5
    534,923
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    534,923
    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
    433,903
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    433,903
    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
    433,903
    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 7 534,923
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 8,103
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 433,903
    a Applied to 2019, but not more than line 2a 8,103
    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..... 425,800
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		109,123
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    YWCA MAHONING VALLEY
    25 W RAYEN AVE
    YOUNGSTOWN,OH44503     		NONE PC GENERAL OPERATING 1,000
    SECOND HARVEST FOOD BANK
    2805 SALT SPRINGS RD
    YOUNGSTOWN,OH44509     		NONE PC SUPPORT PROGRAM 20,000
    INDIA ASSOCIATION OF GREATER YOUNGSTOWN
    540 PARMALEE AVE
    YOUNGSTOWN,OH44510     		NONE PC GENERAL OPERATING 1,000
    MILL CREEK FOUNDATION
    PO BOX 596
    CANFIELD,OH44406     		NONE PC SUPPORT PROGRAM 25,000
    SHEPHARD'S FOUNDATION
    5525 SILICA RD
    AUSTINTOWN,OH44515     		NONE PC GENERAL OPERATING 2,000
    NEIL KENNEDY RECOVERY CLINIC
    2151 RUSH BLVD
    YOUNGSTOWN,OH44507     		NONE PC GENERAL OPERATING 100,000
    OBLATE SISTERS
    50 WARNER RD SE
    HUBBARD,OH44425     		NONE PC GENERAL OPERATING 25,000
    OPERA WESTERN RESERVE INC
    1000 FITH AVE 1
    YOUNGSTOWN,OH44504     		NONE PC GENERAL 10,000
    YOUNGSTOWN SYMPHONY SOCIETY INC
    260 W FEDERAL ST
    YOUNGSTOWN,OH44503     		NONE PC GENERAL 2,500
    YOUNGSTOWN AREA JEWISH FEDERATION
    505 GYPSY LANE
    YOUNGSTOWN,OH44504     		NONE PC GENERAL 3,000
    THE UNITED WAY OF YOUNGSTOWN AND
    THE MAHONING VALLEY
    255 WATT STREET
    YOUNGSTOWN,OH44505     		NONE PC GENERAL 162,500
    COMMUNITY FOUNDATION OF MAHONING
    VALLEY
    201 E COMMERCE ST 450
    YOUNGSTOWN,OH44503     		NONE PC GENERAL 10,000
    POLAND FOREST FOUNDATION
    308 S MAIN ST
    POLAND,OH44514     		NONE PC GENERAL OPERATING 21,000
    YOUNGSTOWN STATE UNIVERSITY
    ONE UNIVERSITY PLAZA
    YOUNGSTOWN,OH44555     		NONE PC GENERAL 2,500
    Total .................................bullet 3a 385,500
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 187,145  
    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 ............     		    18 620,511  
    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)..   807,656  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    807,656
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    FRANK & PEARL GELBMAN CHARITABLE FDN
    EIN:
    20-6609204
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 900     900

    TY 2020 ExplnOfNonFilingWithAGStmt
    Name:
    FRANK & PEARL GELBMAN CHARITABLE FDN
    EIN:
    20-6609204
    Statement:
    The Ohio Attorney General requires that charitable organizations operating or organized within the State submit an annual registration through an online portal that highlights key information from the Form 990-PF for public disclosure purposes. The Trust completes this registration as required in lieu of furnishing a copy of its Form 990-PF to comply with the specific reporting instructions of the State of Ohio.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    FRANK & PEARL GELBMAN CHARITABLE FDN
    EIN:
    20-6609204
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BB&T CORP CORPORATE BOND 5.25%    
    BANK NOVA SCOTIA N Y AGY 2.8%    
    BLACKROCK INFLATION PROTECTED    
    CAMPBELL SOUP CO 3.05% 07/15/2    
    CHEVRON CORPORATION 2.427% 06/    
    JOHN DEERE CAPITAL CORP 2.8% 0    
    EATON VANCE FLOATING-RATE FUND    
    EBAY INC 3.25% 10/15/2020-2020    
    EMERSON ELECTRIC CO 2.625% 12/    
    FHLB 1.01% 06/19/2017    
    FHLB 4.25% 03/09/2018    
    FEDERATED INSTITUITIONAL HIGH    
    PIMCO LOW DURATION FUND - INST    
    PFIZER INC 6.2% 03/15/2019    
    PRAXAIR INC 3% 09/01/2021    
    QUALCOMM INC 2.25% 05/20/2020    
    FRANKLIN TEMPLETON GLOBAL BOND    
    TOYOTA MOTOR CREDIT CORP 3.3%    
    US TREASURY 1.375% 12/31/2018    
    VANGUARD SHORT TERM FEDERAL- A    
    ABBOTT LABORATORIES 2.55%    
    APPLE INC 2.85% 02/23/2023-202    
    GILEAD SCIENCES INC 3.7%    
    JP MORGAN CHASE & CO 3.25%    
    SIMON PROPERTY GROUP LP 2.75%    
    US TREASURY N/B 1.125%    
    VANGUARD SHORT-TERM BOND INDEX    
    WELLS FARGO & COMPANY SERIES M    
    GOLDMAN SACHS INFLATION    
    LORD ABBETT SHORT DURATION    
    METROPOLITAN WEST UNC BD-I    
    ORACLE CORPORATION 2.625% 02/1    
    46625HJE1 JPMORGAN CHASE & CO 51,687 52,531
    828807CN5 SIMON PROPERTY GROUP 101,857 104,234
    89233P5T9 TOYOTA MOTOR CORP 3. 100,398 103,158
    68389XBR5 ORACLE CORPORATION 2 99,724 104,711
    3137EAER6 FHLMC .375% 05/05/20 100,148 100,507
    9128286M7 US T-NOTES 2.25% 04/ 92,984 92,461
    3135G04Q3 FNMA .25% 05/22/2023 99,959 100,220
    3130AHSR5 FHLB 1.625% 12/20/20 100,196 101,453
    375558AW3 GILEAD SCIENCES INC 106,473 109,234
    9128286C9 US TREASURY N/B 2.5% 206,203 205,313
    09062XAE3 BIOGEN INC 79,804 79,118
    3135G0T78 FNMA 2% 10/05/2022 52,035 51,630
    94974BGH7 WELLS FARGO COMPANY 101,132 108,438
    037833BU3 APPLE INC 2.85% 02/2 102,883 104,956
    740189AG0 PRECISION CASTPARTS 52,019 51,998

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    FRANK & PEARL GELBMAN CHARITABLE FDN
    EIN:
    20-6609204
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ARCHER-DANIELS-MIDLAND CO    
    BLACKROCK INC    
    BAXTER INTERNATIONAL INC W/1 R    
    BRISTOL-MYERS SQUIBB CO    
    BROADCOM CORP CL A    
    CVS HEALTH CORPORATION    
    CROWN CASTLE INTL CORP    
    CARDINAL HEALTH INC    
    CHURCH & DWIGHT CO INC W/1 RT/    
    CISCO SYSTEMS    
    COMCAST CORP CL A    
    COSTCO WHOLESALE CORP    
    DOWDUPONT INC    
    DOW INC    
    EASTMAN CHEMICAL CO    
    EBAY INC    
    EMERSON ELECTRIC CO    
    EXXON MOBIL CORP    
    FEDERATED INTERNATIONAL LEADER    
    FIRST EAGLE OVERSEAS FUND - CL    
    GENERAL ELECTRIC CO    
    GILEAD SCIENCES INC    
    GOLDMAN SACHS GROUP INC    
    HARBOR INTERNATIONAL FUND    
    HOME DEPOT INC    
    KLA-TENCOR CORP    
    KOHLS CORP    
    THE KROGER CO    
    NUCOR CORP W/1 RT/SH    
    OCCIDENTAL PETROLEUM CORP    
    ORACLE CORPORATION    
    OPPENHEIMER DEVELOPING MARKETS    
    PNC FINANCIAL SERVICES    
    PAYPAL HOLDINGS INC    
    PEPSICO INC    
    T. ROWE PRICE REAL ESTATE FUND    
    SCHLUMBERGER LTD    
    SEMPRA ENERGY    
    SMUCKER (J.M) CO THE-NEW COM W    
    STARBUCKS CORP    
    STATE STREET CORP    
    STRYKER CORP    
    SUNCOR ENERGY INC    
    TEXAS INSTRUMENTS INC    
    TRAVELERS COS INC    
    UNITED TECHNOLOGIES CORP    
    V F CORP    
    VALERO ENERGY CORP    
    VANGUARD MID CAP INDEX FUND -    
    VANGUARD SMALL CAP INDEX - ADM    
    VERIZON COMMUNICATIONS    
    VIACOM INC CLASS B    
    VODAFONE GROUP PLC - SP ADR    
    WELLS FARGO & CO    
    MEDTRONIC PLC    
    ACE LIMITED    
    AT&T INC    
    ADVANSIX INC    
    DELL TECHNOLOGIES INC CL V    
    FIDELITY REAL ESTATE INCOME FU    
    GATEWAY FUND - CLASS Y    
    HONEYWELL INTERNATIONAL INC    
    LOCKHEED MARTIN CORPORATION    
    CHUBB LIMITED    
    EDWARDS LIFESCIENCES CORP    
    ILLINOIS TOOL WORKS    
    ISHARES CORE S&P MID-CAP ETF    
    ISHARES CORE S&P SMALL-CAP ETF    
    JP MORGAN CHASE & CO    
    THE KRAFT HEINZ CO    
    MCCORMICK & CO INC COM NON VTG    
    PFIZER INC    
    ROSS STORES INC    
    THERMO FISHER SCIENTIFIC INC 1    
    VANGUARD GLOBAL EX-U.S. REAL    
    VANGUARD FTSE EMERGING MARKETS    
    ALPHABET INC - CL A    
    AMAZON.COM INC    
    AMERICAN EXPRESS    
    ANTHEM INC    
    BERKSHIRE HATHAWAY INC CL B    
    CONOCOPHILLIPS    
    CONSOLIDATED EDISON LNC    
    CONSTELLATION BRANDS INC CL A    
    DOLLAR TREE INC    
    EOG RESOURCES INC    
    ISHARES RUSSELL MID-CAP ETF    
    JOHNSON & JOHNSON    
    M &T BANK CORP    
    MFS GLOBAL REAL ESTATE FUND-R6    
    MCDONALDS CORP    
    MICROSOFT CORP    
    AMERICAN FUNDS- NEW WORLD FUND    
    NEXTERA ENERGY INC    
    NORTHROP GRUMMAN CORP W/1 RT/S    
    NUVEEN EQUITY MARKET NEUTRAL F    
    O'REILLY AUTOMOTIVE INC    
    ORACLE CORPORATION    
    PARKER HANNFIN CORP    
    ROCKWELL AUTOMATION INC    
    UNITEDHEALTH GROUP INC    
    VANGUARD DEVELOPED MARKETS IND    
    VISA INC CLASS A SHARES    
    WAL-MART STORES INC    
    WELLS FARGO & CO    
    ANALOG DEVICES INC    
    CHEVRON CORPORATION    
    CORTEVA INC    
    DUPONT DE NEMOURS INC    
    ECOLAB INC W/1 RT PER SHARE    
    FISERV INC    
    HP INC    
    ISHARES U.S. FINANCIALS ETF    
    PROLOGIS INC    
    WEC ENERGY GROUP INC    
    68902V107 OTIS WORLDWIDE CORP 8,878 23,643
    025816109 AMERICAN EXPRESS CO 91,537 96,728
    097023105 BOEING CO/THE 26,541 32,109
    666807102 NORTHROP GRUMMAN COR 65,637 60,944
    773903109 ROCKWELL AUTOMATION 70,992 100,324
    30303M102 FACEBOOK INC CL-A 58,958 95,606
    67066G104 NVIDIA CORP 102,645 208,880
    824348106 SHERWIN WILLIAMS CO 66,964 73,491
    552982720 MFS GLOBAL REAL ESTA 235,308 264,075
    67103H107 O'REILLY AUTOMOTIVE 90,785 158,400
    46428Q109 ISHARES SILVER TRUST 88,848 85,995
    701094104 PARKER-HANNIFIN CORP 76,126 122,585
    254687106 WALT DISNEY CO/THE 85,227 135,885
    291011104 EMERSON ELECTRIC CO 50,917 80,370
    437076102 HOME DEPOT INC/THE 106,557 212,496
    452308109 ILLINOIS TOOL WORKS 104,940 142,716
    46120E602 INTUITIVE SURGICAL I 68,468 81,810
    55261F104 MT BANK CORP 54,735 38,190
    007903107 ADVANCED MICRO DEVIC 56,237 91,710
    14448C104 CARRIER GLOBAL CORP 4,400 26,404
    22160K105 COSTCO WHOLESALE COR 111,193 226,068
    22822V101 CROWN CASTLE INTERNA 133,053 206,947
    532457108 ELI LILLY CO 45,629 59,094
    594918104 MICROSOFT CORP 78,049 133,452
    68389X105 ORACLE CORP 68,545 232,884
    H1467J104 CHUBB LIMITED 111,863 277,056
    17275R102 CISCO SYSTEMS INC 29,206 76,075
    654106103 NIKE INC 59,010 84,882
    693475105 PNC FINANCIAL SERVIC 38,334 119,200
    816851109 SEMPRA ENERGY 20,849 50,964
    649280815 AMERICAN FUNDS - NEW 504,467 668,494
    539830109 LOCKHEED MARTIN CORP 60,162 88,745
    464285105 ISHARES COMEX GOLD T 93,279 90,650
    09247X101 BLACKROCK INC 57,588 90,193
    166764100 CHEVRON CORP 50,292 33,780
    70450Y103 PAYPAL HOLDINGS INCO 39,542 468,400
    74340W103 PROLOGIS INC 100,324 124,575
    75513E101 RAYTHEON TECHNOLOGIE 21,276 50,057
    882508104 TEXAS INSTRUMENTS IN 105,014 492,390
    91324P102 UNITEDHEALTH GROUP I 109,320 140,272
    550021109 LULULEMON ATHLETICA 63,965 69,606
    61756E461 MORGAN STANLEY INSTI 903,535 1,072,898
    464287804 ISHARES CORE SP SMAL 133,358 216,608
    65339F101 NEXTERA ENERGY INC 51,342 92,580
    478160104 JOHNSON JOHNSON 100,313 110,166
    G1151C101 ACCENTURE LTD CLASS 79,613 104,484
    713448108 PEPSICO INC 23,636 74,150
    883556102 THERMO FISHER SCIENT 37,577 93,156
    918204108 V F CORPORATION 15,643 59,787
    92826C839 VISA INC 135,253 174,984
    931142103 WAL MART STORES INC 103,099 144,150
    02079K305 ALPHABET INCORPORATI 115,341 175,264
    023135106 AMAZON COM INC 195,720 407,116
    071813109 BAXTER INTERNATIONAL 51,421 144,432
    28176E108 EDWARDS LIFESCIENCES 73,744 182,460
    46625H100 JPMORGAN CHASE CO 86,362 95,303
    742718109 PROCTER GAMBLE CO/T 57,476 69,570
    871829107 SYSCO CORP 32,813 44,556
    38144N841 GOLDMAN SACHS INFLAT 25,313 28,254
    89155T649 TOUCHSTONE MID CAP F 335,243 462,444
    592905749 METROPOLITAN WEST UN 46,116 46,464
    91913Y100 VALERO ENERGY CORP 43,949 118,797
    20030N101 COMCAST CORP 51,780 78,600
    92939U106 WEC ENERGY GROUP INC 68,311 73,624
    032654105 ANALOG DEVICES INC 78,085 110,798
    037833100 APPLE INC 150,588 318,456
    00507V109 ACTIVISION BLIZZARD 66,877 102,135
    337738108 FISERV INC 92,239 113,860
    512807108 LAM RESEARCH CORP 89,053 118,068
    579780206 MCCORMICK INC/MD 19,640 38,240

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    FRANK & PEARL GELBMAN CHARITABLE FDN
    EIN:
    20-6609204
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

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


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


     


    TY 2020 OtherDecreasesSchedule
    Name:
    FRANK & PEARL GELBMAN CHARITABLE FDN
    EIN:
    20-6609204
    Description Amount
    PURCHASE OF ACCRUED INTEREST 1,303


    TY 2020 OtherExpensesSchedule
    Name:
    FRANK & PEARL GELBMAN CHARITABLE FDN
    EIN:
    20-6609204
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FILING/TAX PAYMENT 200 0   200


    TY 2020 OtherIncreasesSchedule
    Name:
    FRANK & PEARL GELBMAN CHARITABLE FDN
    EIN:
    20-6609204
    Description Amount
    MUTUAL FUND TIMING ADJ 17,673
    RECOVERY OF PRIOR YEAR GRANT 1,000
    ROUNDING 3


    TY 2020 TaxesSchedule
    Name:
    FRANK & PEARL GELBMAN CHARITABLE FDN
    EIN:
    20-6609204
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,382 1,382   0
    FEDERAL TAX PAYMENT - PRIOR YE 9,074 0   0
    FEDERAL ESTIMATES - PRINCIPAL 14,212 0   0
    FOREIGN TAXES ON NONQUALIFIED 102 102   0