TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020

Name of foundation
THE HURFORD FOUNDATION
C/O ROBERT MILLER

Number and street (or P.O. box number if mail is not delivered to street address)55 MINEBROOK ROAD
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
COLTS NECK, NJ07722

A Employer identification number

13-3394688

B Telephone number (see instructions)

(212) 557-1406

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$10,174,932J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	49,697		49,697
4	Dividends and interest from securities...	131,229		131,229
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		527,021
b	Gross sales price for all assets on line 6a 4,111,629
7	Capital gain net income (from Part IV, line 2)...			527,021
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	707,947		707,947
13	Compensation of officers, directors, trustees, etc.	103,750		14,125	89,625
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		34,663	0	34,663
b	Accounting fees (attach schedule).......		38,219	0	38,219
c	Other professional fees (attach schedule)....		92,844	91,740	1,104
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		19,429	435	18,994
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	774		0	774
22	Printing and publications..........
23	Other expenses (attach schedule).......		4,460	0	4,460
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	294,139		106,300	187,839
25	Contributions, gifts, grants paid.......	575,000			575,000
26	Total expenses and disbursements. Add lines 24 and 25	869,139		106,300	762,839
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-161,192
b	Net investment income (if negative, enter -0-)			601,647
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	23,758	24,717	24,717
	2	Savings and temporary cash investments.........	694,963	610,119	610,119
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	670,476	1,658,419	2,109,991
	b	Investments—corporate stock (attach schedule).......	6,107,968	4,969,930	7,027,819
	c	Investments—corporate bonds (attach schedule).......	292,429	365,217	402,286
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	7,789,594	7,628,402	10,174,932
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	6,216,515	6,216,515
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	1,573,079	1,411,887
	29	Total net assets or fund balances (see instructions).....	7,789,594	7,628,402
	30	Total liabilities and net assets/fund balances (see instructions).	7,789,594	7,628,402

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

7,789,594

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

-161,192

Other increases not included in line 2 (itemize) bullet

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

7,628,402

Decreases not included in line 2 (itemize) bullet

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

7,628,402

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	(d) Date sold (mo., day, yr.)
1 a	AIRBUS SE ADR 3434SHS	P	2020-03-11
b	BAUSCH HEALTH COS 5167 SHS	P	2020-03-11
c	DISNEY WALT CO 1019 SHS	P	2020-03-16
d	RAYTHEON CO 409 SHS	P	2020-03-16
e	BLACKSTONE MORTGAGE TRUST	P	2020-03-20
	VENTAS INC 1580 SHS	P	2020-03-20
	ISHARES FLOATING RATE BD ETF 6228 SHS	P	2020-03-23
	ABBOTT LABORATORIES 1454 SHS	P	2020-03-24
	MAINSTAY EPOCH CAPITAL GROWTH FD CL I 27166 SHS	P	2020-03-24
	GENERAL AMERICAN INVESTORS INC 2354 SHS	P	2020-03-25
	TAKEDA PHARMACEUTICAL CO LTD 8413 SHS	P	2020-03-25
	GENERAL AMERICAN INVESTORS INC 4449 SHS	P	2020-03-26
	DUPONT EI DE NEMOURS & CO 183 SHS	P	2020-04-21
	US TREASURY NT 1.125% DUE 2-28-22 598200 PAR	P	2020-12-02
	DROPBOX INC CL A 3001 SHS	P	2020-12-03
	CAPITAL GAIN DISTRIBUTIONS	P	2020-12-15
	CAPITAL GAIN DISTRIBUTIONS	P	2020-12-29
	HEXCEL CORP 487 SHS	P	2020-01-16
	HEXCEL CORP 464 SHS	P	2020-01-16
	HEXCEL CORP 437 SHS	P	2020-01-16
	HEXCEL CORP 1126 SHS	P	2020-01-16
	MARTIN MARIETTA MATERIALS INC 97 SHS	P	2020-01-16
	MARTIN MARIETTA MATERIALS INC 125 SHS	P	2020-01-16
	MARTIN MARIETTA MATERIALS INC 163 SHS	P	2020-01-16
	MARTIN MARIETTA MATERIALS INC 21 SHS	P	2020-01-16
	MARTIN MARIETTA MATERIALS INC 8 SHS	P	2020-01-16
	MARTIN MARIETTA MATERIALS INC 103 SHS	P	2020-01-17
	APPLE INC 20 SHS	P	2020-01-30
	PAYPAL HLDGS 721 SHS	P	2020-03-13
	AUTOMATIC DATA PROCESSING 910 SHS	P	2020-03-24
	COSTCO WHOLESALE CORP 443 SHS	P	2020-03-24
	MODERNA INC 3070 SHS	P	2020-04-07
	RAYTHEON CO 112 SHS	P	2020-04-21
	VANGUARD S/T CORP BD FD 3009 SHS	P	2020-05-12
	VANGUARD S/T GOV BD FD 1851 SHS	P	2020-05-12
	VISA INC CL A 355 SHS	P	2020-05-19
	ZOETIS INC 547 SHS	P	2020-05-19
	MODERNA INC 1290 SHS	P	2020-05-29
	CARRIER GLOBAL CORP 112 SHS	P	2020-06-08
	OTIS WORLDWIDE CORP 56 SHS	P	2020-06-08
	MODERNA INC 620 SHS	P	2020-06-09
	KONTOOR BRANDS INC 42 SHS	P	2020-06-15
	VISA INC CL A 735 SHS	P	2020-08-03
	BRISTOL MYERS SQUIBB CO 350 RTS	P	2020-08-27
	CHUBB LTD 175 SHS	P	2020-08-27
	US TREASURY NT 2.75% DUE 11-30-20 100000 PAR	P	2020-11-30
	MERCK & CO 1065 SHS	P	2020-12-08
	EAST WEST	D	2020-10-19

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	87,689	114,425	-26,736
b	98,860	151,528	-52,668
c	96,889	149,927	-53,038
d	59,796	73,226	-13,430
e	109,016	189,323	-80,307
	30,345	111,078	-80,733
	273,684	316,131	-42,447
	103,512	104,964	-1,452
	259,707	295,546	-35,839
	54,728	73,452	-18,724
	112,894	168,321	-55,427
	107,469	138,822	-31,353
	6,907	19,700	-12,793
	605,420	608,295	-2,875
	59,605	66,324	-6,719
	695		695
	8,407		8,407
	38,094	14,703	23,391
	36,189	14,008	22,181
	34,089	13,193	20,896
	87,753	33,994	53,759
	25,426	20,003	5,423
	32,587	25,776	6,811
	42,657	33,613	9,044
	5,476	4,330	1,146
	2,124	1,650	474
	26,919	21,240	5,679
	6,355	1,712	4,643
	74,659	37,254	37,405
	102,461	32,117	70,344
	131,452	64,766	66,686
	102,776	45,496	57,280
	7,268	6,657	611
	243,297	238,083	5,214
	115,203	111,877	3,326
	64,073	12,077	51,996
	68,899	25,876	43,023
	65,521	19,117	46,404
	2,524	1,871	653
	3,085	2,805	280
	35,682	9,188	26,494
	811	386	425
	142,558	25,004	117,554
	1,006	745	261
	21,979	21,438	541
	100,000	99,910	90
	87,083	64,657	22,426
	328,000		328,000

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			-26,736
b			-52,668
c			-53,038
d			-13,430
e			-80,307
			-80,733
			-42,447
			-1,452
			-35,839
			-18,724
			-55,427
			-31,353
			-12,793
			-2,875
			-6,719
			695
			8,407
			23,391
			22,181
			20,896
			53,759
			5,423
			6,811
			9,044
			1,146
			474
			5,679
			4,643
			37,405
			70,344
			66,686
			57,280
			611
			5,214
			3,326
			51,996
			43,023
			46,404
			653
			280
			26,494
			425
			117,554
			261
			541
			90
			22,426
			328,000

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	527,021
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE

1 Reserved

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

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

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

Form 990-PF (2020)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	8,363
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	8,363
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	8,363
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	9,760
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	9,760
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,397
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax1,397	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address bullet

N/A

The books are in care of bullet

ROBERT C MILLER Telephone no. bullet

(212) 557-1406

Located at bullet

55 MINE BROOK ROADCOLTS NECKNJ ZIP+4 bullet

07722

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2020?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2020, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2020?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2020.)..................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .................YesNo

Part VIII

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

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
ROBERT C MILLER	PRESIDENT / TREASURER 20.00	78,750
55 MINE BROOK ROAD COLTS NECK,NJ07722	PRESIDENT / TREASURER 20.00	78,750
JAYNE M KURZMAN	DIRECTOR / VICE PRESIDENT 5.00	7,500
C/O DAVIDSONDAWSON CLARK LLP NEW YORK,NY10020	DIRECTOR / VICE PRESIDENT 5.00	7,500
WILLIAM W PRIEST JR	DIRECTOR / SECRETARY 5.00	7,500
C/O EPOCH INV 399 PARK AVE NEW YORK,NY10022	DIRECTOR / SECRETARY 5.00	7,500
JENNIFER HURFORD	DIRECTOR 5.00	10,000
175 EAST 62ND STREET NEW YORK,NY10021	DIRECTOR 5.00	10,000

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


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









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

Form 990-PF (2020)

Page 7

Part VIII

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

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

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

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

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

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

purposes:

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

8,889,043

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

668,552

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

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

9,557,595

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

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

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

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

9,557,595

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

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

143,364

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

9,414,231

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

470,712

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

470,712

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

8,363

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

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

8,363

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

462,349

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

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

462,349

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

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

462,349

Part XII

Qualifying Distributions (see instructions)

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

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

762,839

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

762,839

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b. See instructions.................

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

762,839

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					462,349
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......	439,643
b From 2016......	643,204
c From 2017......	238,793
d From 2018......	538,247
e From 2019......	411,362
fTotal of lines 3a through e........		2,271,249
4Qualifying distributions for 2020 from Part
XII, line 4: $ 762,839
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.....					462,349
e Remaining amount distributed out of corpus		300,490
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		2,571,739
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) ...		439,643
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		2,132,096
10 Analysis of line 9:
a Excess from 2016....	643,204
b Excess from 2017....	238,793
c Excess from 2018....	538,247
d Excess from 2019....	411,362
e Excess from 2020....	300,490

Form 990-PF (2020)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

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

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

Check here bullet

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2020)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
COUNCIL ON FOREIGN RELATIONS 58 EAST 68TH STREET NEW YORK,NY10065	NONE		DONATION	50,000
EAST COAST GREENWAY ALLIANCE 5315 HIGHGATE DRIVE STE 105 DURHAM,NC27713	NONE		DONATION	15,000
EAST WEST INSTITUTE 11 EAST 26TH STREET 20TH FL NEW YORK,NY10010	NONE		DONATION	100,000
FOREIGN POLICY ASSOCIATION 470 PARK AVENUE SOUTH NEW YORK,NY100166819	NONE		DONATION	175,000
FREEDOM HOUSE 1850 M STREET NW FL 11 WASHINGTON,DC20036	NONE		DONATION	50,000
NATIONAL ENDOWMENT FOR DEMOCRACY 1025 F STREET NW SUITE 800 WASHINGTON,DC20004	NONE		DONATION	125,000
ONE TO WORLD 307 SEVENTH AVENUE STE 2003 NEW YORK,NY10001	NONE		DONATION	10,000
SAVE THE CHILDREN 501 KINGS HIGHWAY EAST STE 400 FAIRFIELD,CT06825	NONE		DONATION	50,000
Total ................................. 3a				575,000

bApproved for future payment

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

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	49,697
4 Dividends and interest from securities....			14	131,229
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	527,021
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)..		0		707,947	0

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

707,947

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2020)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

THE HURFORD FOUNDATION

C/O ROBERT MILLER

EIN:

13-3394688

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	38,219	0		38,219

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

THE HURFORD FOUNDATION

C/O ROBERT MILLER

EIN:

13-3394688

Name of Bond	End of Year Book Value	End of Year Fair Market Value
APPLE INC SR BD 2.4% DUE 5-3-22 383400	365,217	402,286

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

THE HURFORD FOUNDATION

C/O ROBERT MILLER

EIN:

13-3394688

Name of Stock	End of Year Book Value	End of Year Fair Market Value
625 ABBVIE INC	43,436	66,969
1349 ABBOTT LABORATORIES	132,517	147,702
15 ALPHABET INC CL C	15,787	26,278
86 AMAZON COM INC	134,818	280,096
643 AMGEN INC	135,585	147,839
700 APPLE INC	14,986	92,883
1797.13 ARTISAN SMALL CAP FD	55,495	94,745
197 BLACKROCK INC	97,848	142,143
350 BRISTOL MYERS SQUIBB	19,565	21,710
100 BROADCOM INC	24,515	43,785
205 CHEVRON CORP	20,187	17,312
400 CHURCH & DWIGHT INC	16,881	34,892
200 COSTCO WHOLESALE CORP	29,240	75,356
305 DANAHAR CORP	24,037	67,753
1586 DOLLAR TREE	143,578	171,351
200 ECOLAB INC	22,040	43,272
678 ELECTRONIC ARTS	85,851	97,361
250 EXXON MOBIL	15,392	10,305
100 FACEBOOK INC CL A	11,408	27,316
350 FORTIVE CORP	16,175	24,787
10067 GEN'L AMERICAN INVESTORS PFD 5.95% SER B	274,004	276,842
175 IQVIA HLDGS	16,864	31,355
450 ISHARES CORE MSCI EMERGING MKTS ETF	19,598	27,918
375 JP MORGAN CHASE & CO	25,243	47,651
125 LAM RESEARCH CORP	22,310	59,034
1316 MERCK & CO	79,895	107,649
300 MICROCHIP TECHNOLOGY INC	24,529	41,433
2409 MICROSOFT CORP	90,322	535,810
300 NESTLE SA	12,181	35,340
400 NIKE INC CL B	5,501	56,588
450 NOVO NORDISK	21,026	31,433
50 NVIDIA CORP	10,846	26,110
10295 PARTNERRE LTD	265,875	263,964
310 PAYPAL HOLDINGS INC	66,977	72,602
50 ROPER TECHNOLOGIES	10,624	21,555
320 STARBUCKS CORP	16,519	34,234
650 SCHWAB CHARLES CORP	28,713	34,476
500 TJX COS INC NEW	19,481	34,145
597 UNITED HEALTH GROUP	54,543	209,356
724 UNITED PARCEL SERVICE CL B	98,220	121,921
395 UNIVERSAL DISPLAY CORP	19,014	90,771
300 V F CORP	5,918	25,623
500 VISA INC CL A	17,010	109,365
1053 ZOETIS INC	49,812	174,272
51973.8065 FRANKLIN CUSTODIAN FD US GOV'T	337,050	317,040
5574.15 FRANKLIN INTERNAT'L GROWTH FD	52,494	120,346
30409.539 FRANKLIN INVS SECS TOTAL RETURN FD	266,366	312,914
6909 VANGUARD S/T CORP BD FD	546,667	575,174
4249 VANGUARD S/T GOV BD FD	256,816	261,738
1965 AGNICO EAGLE MINES LTD	133,033	138,552
25 AIR PRODUCTS & CHEMICALS INC	5,449	6,831
95 AMERICAN WATER WORKS CO	12,508	14,580
265 ASTRAZENECA PLC ADR	12,682	13,247
170 DANAHER CORP PFD 5%	170,000	221,187
697 FLUTTER ENTERTAINMENT PLC	72,585	72,697
277 LINDE PLC	69,114	72,992
15 LOCKHEED MARTIN CORP	5,833	5,325
1044 MORGAN STANLEY	70,651	71,545
1526 NEW FORTRESS ENERGY INC	70,681	81,778
1094 NEXTERA ENERGY INC	69,889	73,353
70 NORFOLK SOUTHERN CORP	12,256	16,633
724 PROGRESSIVE CORP	71,393	71,589
60 STRYKER CORP	11,645	14,702
1021 T-MOBIL US INC	135,599	137,682
662 TAIWAN SEMI CCODUCTOR MFG CO ADR	68,461	72,184
202 THERMO FISHER SCIENTIFIC INC	64,867	94,088
1066 WALMART STORES INC	136,706	153,664
140 VONTIER CORP	2,819	4,676

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

THE HURFORD FOUNDATION

C/O ROBERT MILLER

EIN:

13-3394688

US Government Securities - End of Year Book Value:

1,658,419

US Government Securities - End of Year Fair Market Value:

2,109,991

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

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

- TIN:

TY 2020 LegalFeesSchedule

Name:

THE HURFORD FOUNDATION

C/O ROBERT MILLER

EIN:

13-3394688

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
DAVIDSON, DAWSON & CLARK LLP	34,663	0		34,663

- TIN:

TY 2020 OtherExpensesSchedule

Name:

THE HURFORD FOUNDATION

C/O ROBERT MILLER

EIN:

13-3394688

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
INSURANCE	2,621	2,621
COMPUTER EXPENSE	852	852
BANK CHARGES	150	150
MISCELLANEOUS	837	837

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

THE HURFORD FOUNDATION

C/O ROBERT MILLER

EIN:

13-3394688

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
FTCO -INVESTMENT FEE	24,127	24,127	0
EPOCH INVESTMENT PARTNERS	67,613	67,613	0
FILING FEES	1,104	0	1,104

- TIN:

TY 2020 TaxesSchedule

Name:

THE HURFORD FOUNDATION

C/O ROBERT MILLER

EIN:

13-3394688

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
PAYROLL EXPENSE	7,611	0	7,611
FOREIGN TAX & ADR FEES	435	435	0
US TREASURY	11,383	0	11,383