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
THE PHASE FOUNDATION
 
% CATHERINE HEKIMIAN
Number and street (or P.O. box number if mail is not delivered to street address)2 EXECUTIVE PARK CT
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GERMANTOWN, MD20874
A Employer identification number

52-1611434
B Telephone number (see instructions)

(301) 540-0424
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$4,842,182J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 143 143 143
4 Dividends and interest from securities... 63,505 63,505 63,505
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 124,157
b Gross sales price for all assets on line 6a 10,004,072
7 Capital gain net income (from Part IV, line 2)... 124,157
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)....... Click to see attachment 60    
12 Total. Add lines 1 through 11........ 187,865 187,805 63,648
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 35,850     35,850
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,880 0 0 4,880
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,417     2,417
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 22,440     22,440
21 Travel, conferences, and meetings....... 1,928     1,928
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 21,440 20,267 20,267 1,173
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 88,955 20,267 20,267 68,688
25 Contributions, gifts, grants paid....... 280,000 280,000
26 Total expenses and disbursements. Add lines 24 and 25 368,955 20,267 20,267 348,688
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -181,090
b Net investment income (if negative, enter -0-) 167,538
c Adjusted net income (if negative, enter -0-)... 43,381
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.............      
2 Savings and temporary cash investments......... 113,825 69,670 69,670
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,246,801 Click to see attachment4,099,006 4,768,411
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment4,101 Click to see attachment4,101 Click to see attachment4,101
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,364,727 4,172,777 4,842,182
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 290,000 280,000
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)......... 290,000 280,000
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 4,074,727 3,892,777
29 Total net assets or fund balances (see instructions)..... 4,074,727 3,892,777
30 Total liabilities and net assets/fund balances (see instructions). 4,364,727 4,172,777
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
4,074,727
2
Enter amount from Part I, line 27a .....................
2
-181,090
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
-860
4
Add lines 1, 2, and 3 ..........................
4
3,892,777
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,892,777
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 TD AMERITRADE SHORT TERM COVERED SECURITIES P 2020-06-30 2020-12-31
b TD AMERITRADE LONG TERM COVERED SECURITIES P 2001-01-01 2020-12-31
c AMERICAN FUNDS GROWTH FUND OF AMERICA F2 - 3706.28 UNITS P 2001-01-01 2020-01-16
d ISHARES TRUST CORE S&P MCP ETF - 715 UNITS P 2001-01-01 2020-01-16
e AMERICAN FUNDS WA MUTUAL INVESTORS F2 - 3773.426 UNITS P 2001-01-01 2020-01-16
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(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 8,481,261   8,756,496 -246,216
b 992,539   849,600 142,939
c 195,848   108,195 87,653
d 149,074   88,902 60,172
e 185,049   105,741 79,308
      301
      301
      301
      301
      301
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       -275,235
b       142,939
c       87,653
d       60,172
e       79,308
       
       
       
       
       
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 2 124,157
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 -246,216
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 2,329
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 2,329
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,329
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,800
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,800
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 471
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet471 RefundedBullet 11  
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)
    bulletMD
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    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 ofbulletCATHERINE HEKIMIAN Telephone no.bullet (301) 540-0424

    Located atbullet2 EXECUTIVE PARK CTGERMANTOWNMD ZIP+4bullet20874
    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
     
     
    ........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
    CATHERINE L HEKIMIAN TRUSTEE
    16.0     		35,850 0 0
    2 EXECUTIVE PARK CT
    GERMANTOWN,MD20874
    JOAN E HEKIMIAN TRUSTEE
    0.0     		0 0 0
    2 EXECUTIVE PARK CT
    GERMANTOWN,MD20874
    CHRISTOPHER HEKIMIAN TRUSTEE
    0.0     		0 0 0
    2 EXECUTIVE PARK CT
    GERMANTOWN,MD20874
    ALLISON H SITAR TRUSTEE
    0.0     		0 0 0
    2 EXECUTIVE PARK CT
    GERMANTOWN,MD20874
    A MARK KENCHTEL TRUSTEE
    0.0     		0 0 0
    2 EXECUTIVE PARK CT
    GERMANTOWN,MD20874
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
     
    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)
    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
    3,847,375
    b
    Average of monthly cash balances.......................
    1b
    526,144
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,373,519
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    4,373,519
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    65,603
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,307,916
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    215,396
    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
    215,396
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,329
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,329
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    213,067
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    213,067
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    213,067
    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
    348,688
    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
    348,688
    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
    348,688
    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 7 213,067
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 106,446
    b From 2016...... 122,745
    c From 2017...... 137,893
    d From 2018...... 123,779
    e From 2019...... 127,138
    fTotal of lines 3a through e........ 618,001
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 348,688
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 213,067
    e Remaining amount distributed out of corpus 135,621
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 753,622
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		106,446
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		647,176
    10 Analysis of line 9:
    a Excess from 2016.... 122,745
    b Excess from 2017.... 137,893
    c Excess from 2018.... 123,779
    d Excess from 2019.... 127,138
    e Excess from 2020.... 135,621
    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 e-mail address of the person to whom applications should be addressed:
    CATHERINE HEKIMIAN
    2 EXECUTIVE PARK CT
    GERMANTOWN,MD20874
    (301) 540-0424
    bThe form in which applications should be submitted and information and materials they should include:
    CURRENT FINANCIAL INFORMATION AND SUMMARY OF CHARITABLE PURPOSE.
    cAny submission deadlines:
    AUGUST
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    A WIDER CIRCLE
    10325 KENSINGTON PKWY 70
    KENSINGTON,MD20895     		N/A   TO FUND BEDS, FURNITURE, AND OTHER ESSENTIALS FOR FAMILIES LIVING IN PROVERY. 8,000
    AMERICAN AIR MUSEUM IN BRITAIN
    1455 PENNSYLVANIA AVE NW STE 400
    WASHINGTON,DC20004     		N/A   TO HELP DEFRAY COSTS TO UPDATE MUSEUM'S WEBSITE. 3,000
    AMERICAN KIDNEY FUND
    11921 ROCKVILLE PIKE STE 300
    ROCKVILLE,MD20852     		N/A   TO SUPPORT FINANCIAL-ASSISTANCE PROGRAMS FOR DIALYSIS AND TRANSPLANT PATIENTS. 4,000
    BEREA COLLEGE
    101 CHESTNUT STREET
    BEREA,KY40404     		N/A   TO FUND COLLEGE SCHOLARSHIPS. 6,000
    BETHESDA CARES
    7728 WOODMONT AVE
    CPO 2216
    BETHESDA,MD20814     		N/A   TO FUND TECHNICAL, LOGISTICAL, AND SOCIAL SUPPORTS TO FOMERLY HOMELESS PEOPLE PLACED IN PERMANENT SUPPORTIVE HOUSING. 3,000
    BIG LIFE FOUNDATION
    1715 NORTH HERON DRIVE
    RIDGEFIELD,WA98642     		N/A   TO FUND RANGER PROGRAM TO CONTINUE ANTI-POACHING AND WILDLIFE SECUITY WORK. 5,000
    CALVARY WOMEN'S SERVICES
    1217 GOOD HOPE ROAD SE
    WASHINGTON,DC200206907     		N/A   TO FUND LIFE SKILLS & EDUCATION PROGRAMS FOR HOMELESS WOMEN. 9,000
    CHESAPEAK REGION ACCESSIBLE BOATING
    177 DEFENSE HWY 9
    ANNAPOLIS,MD21401     		N/A   TO OFFSET COST OF GROUP SAIL PROGRAM FOR PEOPLE WITH DISABILITIES. 3,000
    COLONIAL WILLIAMSBURG FOUNDATION
    134 N HENRY ST
    WILLIAMSBURG,VA23185     		N/A   TO CARE FOR RARE HISTORIC LIVESTOCK BREEDS. 8,000
    ELEPHANT AID INTERNATIONAL
    404 LASLIE ROAD
    ATTAPULGUS,GA39815     		N/A   TO HELP FUND CONSTRUCTION OF ACCESS BRIDGES ALONG SANCTUARY FENCE LINE. 5,000
    HEROES HELPING HEROES
    4990 MERCANTILE ROAD 43574
    BALTIMORE,MD21236     		N/A   TO SUPPORT AFTER-SCHOOL OUTRACH PRJECT TO HELP AT-RISK CHILDREN. 5,000
    HOLY CROSS HEALTH FOUNDATION
    10720 COLUMBIA PIKE
    SILVER SPRING,MD20901     		N/A   TO PAY FOR SURGICAL DEVICES & EQUIPMENT. 9,000
    HOPE AND A HOME
    1236 COLUMBIA ROAD NW
    WASHINGTON,DC20009     		N/A   TO FUND AFFORDABLE HOUSING & JOB READINESS TRAINING FOR HOMELESS AND/OR VERY LOW-INCOME FAMILIES. 5,000
    HOPE HOUSE
    6031 3RD ST NW
    LOWER LEVEL
    WASHINGTON,DC20011     		N/A   TO HELP HIGH SCHOOL STUDENTS WITH TUTORS, & TO APPLY TO COLLEGE & ARRANGE FOR FINANCIAL AID. 9,000
    HOUSING UNLIMITED
    12125 VIERS MILL ROAD STE 201
    SILVER SPRING,MD20906     		N/A   TO SUPPORT TENNANT EMPOWERMENT PROGRAM FOR PEOPLE IN MENTAL HEALTH RECOVERY. 5,000
    KENNEDY KRIEGER INSTITUE
    707 N BROADWAY
    BALTIMORE,MD21205     		N/A   TO FUND PROJECT TO MEET MENTAL HEALTH & COPING NEEDS OF KIDS/TEENS WITH CEREBRAL PALSY. 4,000
    MARYLAND ZOO IN BALTIMORE
    1876 MANSION HOUSE DRIVE
    BALTIMORE,MD21217     		N/A   TO FUND SUPPLIES FOR VIRTUAL & MODIFIED ON GROUNDS EDUCATIONAL CONTENT IN LINE WITH COVID-19 PROTOCOLS. 5,000
    METROPOLITAN WASHINGTON EAR
    12061 TECH ROAD
    DRUID HILL PARK
    SILVER SPRING,MD20904     		N/A   TO BUY NEW COMPUTERS FOR RECORDING STUDIO TO HELP EXPAND PROGRAM FOR VISUALLY IMPAIRED. 5,000
    MONTGOMERY COUNTY COALITION FOR THE HOMELESS
    405 EAST GUDE DRIVE STE 209
    ROCKVILLE,MD20850     		N/A   TO BUY COMMERCIAL APPLIANCES (REFRIG., FREEZER, ICE MAKER, FOOD WARMING TABLE) FOR CRABBS BRANCH CENTER. 7,000
    MONTGOMERY HOSPICE INC
    1355 PICCARD DRIVE STE 100
    ROCKVILLE,MD20850     		N/A   TO FUND GRIEF SUPPORT PROGRAM, INCLUDING COUNSELORS. 5,000
    PARTNER FOR SURGERY
    1450 EMERSON AVE APT 107
    MCLEAN,VA22101     		N/A   TO FUND MEDICAL SERVICES IN RURAL GUATEMALA. 7,000
    PETEY GREENE PROGRAM
    9 MERCER STREET
    PRINCETON,NJ08540     		N/A   TO FUND REPAIR OF ROADWAYS & WALKWAYS ON CEMETERY GROUNDS. 5,000
    PROSPECT HILL CEMETERY
    1525 PALMLAND DRIVE
    BOYNTON BEACH,FL33436     		N/A   TO FUND REPAIRS OF ROADWAYS ON CEMETERY GROUNDS. 8,000
    RED WIGGLER FOUNDATION INC
    23400 RIDGE ROAD
    GERMANTOWN,MD20876     		N/A   To help fund programs for people with development DISABILITES TO WORK, LEARN & GROW HEALTHY FOOD AT FARM. 2,000
    ROBERT E LEE MEMORIAL ASSOCIATION
    483 GREAT HOUSE ROAD
    STRATFORD,VA22558     		N/A   TO FUND CARE & FEEDING OF DOMESTICATED ANIMALS AT HISTORIC STRATFORD HALL. 5,000
    RX PARTNERSHIP
    1500 FOREST AVE STE 201
    RICHMOND,VA23229     		N/A   To fund free prescriptions to low-income persons. 5,000
    SECOND CHANCE WILDLIFE CENTER
    7107 BARCELLONA DRIVE
    GAITHERBURG,MD20879     		N/A   To pay for food, medicine, supplies & cage furnishINGS FOR REHABBING ANIMALS. 8,000
    ST MARY'S HEALTHCARE SYSTEM FOR CHILDREN
    29-01 216 STREET
    BAYSIDE,NY11360     		N/A   To purchase MEDICAL EQUIPMENT FOR DISABLED CHILDREN. 5,000
    SUITED FOR CHANGE
    1023 15TH STREET NW STE 601
    WASHINGTON,DC20005     		N/A   TO HELP DEFRAY COSTS FOR ESSENTIAL COVID-19 SAFETY STANDARDS AT CLEARINGHOUSE. 5,000
    SUN SOUNDS OF ARIZONA FOUNDATION
    1300 S MILTON ROAD STE 202
    FLAGSTAFF,AZ86001     		N/A   To fund expansion of audio access of text (newspapER, BOOKS, ETC.) TO VISUALLY IMPAIRED USERS. 2,000
    TREATMENT & LEANING CENTERS
    2092 GAITHER ROAD
    ROCKVILLE,MD20850     		N/A   To fund scholarship to their school. 5,000
    UNIVERSITY OF THE CUMBERLANDS
    6191 COLLEGE STATION DRIVE
    WILLIAMSBURG,KY40769     		N/A   To assist disadvantaged population in Appalachia THROUGH MOUNTAIN OUTREACH PROGRAM. 7,000
    WANADA AUTOMOBILE DEALERS EDUCATION INSTITUTE
    5301 WISCONSIN AVE NW STE 201
    WASHINGTON,DC20015     		N/A   To pay for full scholarships for Montgomery CollegE AUTO MECHANIC PROGRAM. 7,000
    WESTMINSTER INGLESIDE FOUNDATION
    2275 RESEARCH BLVD STE 450
    ROCKVILLE,MD20850     		N/A   To go toward the Resident Supporting Fund OF INGLESIDE AT KING FARM. 9,000
    WETA
    3939 CAMPBELL AVE
    ARLINGTON,VA22206     		N/A   To fund local broadcast of "Nature" program. 8,000
    WILDLIFE VETERINARY CARE
    1150 TILTHAMMER MILL ROAD
    BOYCE,VA22620     		N/A   To buy food & medical supplies for rescued native WILD ANIMALS. 4,000
    WOODWORKERS FOR CHILDREN CHARITY
    21 WILD HUNT CT
    LAYTONSVILLE,MD20882     		N/A   To purchase hardback books for "Reading is TerrifiC" PROGRAM. 6,000
    ALS ASSOC DCMDVA CHAPTER
    30 W GUDE DRIVE SUITE 150
    ROCKVILLE,MD20850     		N/A   TO FUND ASSISTIVE TECH SERVICES & EQUIPMENT FOR PEOPLE WITH ALS. 5,000
    BEE INFORMED PARTNERSHIP
    4112 PLANT SCIENCES BLDG
    COLLEGE PARK,MD20742     		N/A   TO FUND RESEARCH INTO THE DECLINE OF HONEY BEE POPULATIONS IN THE US. 4,000
    CAMP POSSIBILITIES
    2564 SILVER RD
    DARLINGTON,MD21034     		N/A   TO PAY FOR KIDS WITH DISABILITIES TO ATTEND SPECIAL CAMP. 3,000
    CONDOR PROJECT
    750 9TH ST NW SUITE 750
    WASHINGTON,DC20001     		N/A   TO SUPPORT AFTER SCHOOL CENTERS FOR POOR CHILDREN IN CAMBODIA. 3,000
    CONQUER CANCER
    2318 MILL ROAD SUITE 800
    ALEXANDRIA,VA22314     		N/A   TO FUND THE MOST PROMISING CLINICAL ANCOLOGY RESEARCHERS. 3,000
    CORNERSTONE MONTGOMERY
    2 TAFT CT SUITE 200
    ROCKVILLE,MD20850     		N/A   TO FUND A SUPPORTED EMPLOYMENT SPECIALIST, TO HELP CLIENTS WITH MENTAL ILLNESS FIND JOBS. 2,000
    EASTERN SHORE CHAPEL (CHAPEL PANTRY)
    2020 LASKIN ROAD
    VIRGINIA BEACH,VA23454     		N/A   TO HELP STOCK FOOD PANTRY FOR PEOPLE IN NEED OF FOOD ASSISTANCE. 3,000
    FELLOWSHIP PLACE INC
    441 ELM STREET
    NEW HAVEN,CT06511     		N/A   TO HELP FUND PEER SUPPORT SPECIALIST POSITION TO HELP PEOPLE TRANSITION FROM HOMELESSNESS. 2,000
    FOXIE G FOUNDATION
    14024 NEW WINDSOR ROAD 7838
    UNION BRIDGE,MD21791     		N/A   TO PAY FOR FOOD & VET CARE FOR HORSES & CATS 3,000
    FUND FOR JOHNS HOPKINS MEDICINE
    750 EAST PRATT STREET 17TH FLOOR
    BALTIMORE,MD21202     		N/A   TO FUND CUSTOM DESIGNED HIPAA PROTECTED DATABASE PLATFORM TO SECURELY HOUSE GENETIC INFO. 5,000
    GREATER DC DIAPER BANK
    1532 A ST NE
    WASHINGTON,DC20002     		N/A   TO FUND DISTRIBUTION OF BABY GEAR TO ECONOMICALLY VULNERABLE FAMILIES AROUND DC. 3,000
    HOPEFUL WAYS
    PO BOX 1037
    GETZVILLE,NY14068     		N/A   TO PROVIDE FREE EYE SERVICES (MEDICAL CARE & EDUCATION) TO THE POOR IN NICARAGUA. 3,000
    INSIGHT MEMORY CARE CENTER
    3953 PENDER DRIVE SUITE 100
    FAIRFAX,VA22030     		N/A   TO SUPPORT DEMENTIA SPECIFIC ADULT DAY PROGRAM. 2,000
    LIVE AND LET LIVE FARM
    20 PARADISE LANE
    CHICHESTER,NH03258     		N/A   TO FUND EXPANSAION OF SMALL ANIMAL QUARATINE AREA. 5,000
    MONTGOMERY COLLEGE FOUNDATION
    9221 CORPORATE BLVD 3RD FLOOR
    ROCKVILLE,MD20850     		N/A   EMERGENCY ASSISTANCE FOR STUDENTS SIGNIFICANTLY IMPACTED BY PANDEMIC TO KEEP ON PATH TO COLLEGE DEGREE. 5,000
    NORTHWEST HOSPITAL CENTER INC
    1425 CLARKVIEW ROAD SUITE 100
    BALTIMORE,MD21209     		N/A   TO FUND CHILD CARE DURING SUPPORT GROUPS & THERAPY VISITS FOR VICTIMS OF DOMESTIC ABUSE. 2,000
    OCEAN CONSERVANCY
    1300 19TH STREET NW 8TH FLOOR
    WASHINGTON,DC20036     		N/A   TO FUND REMOVAL OF TRASH FROM BEACHERS & WATERWAYS, INCLUDING CHESAPEAKE BAY AREA. 5,000
    PATHFINDERS FOR AUTISM
    235 SCHILLING CIRCLE SUITE 103
    HUNT VALLEY,MD21031     		N/A   TO TRAIN HEALTH CARE PROFESSIONALS IN STRATEGIES TO BETTER SERVE PATIENTS WITH AUTISM. 3,000
    PROJECT VETS
    1630A 30TH STREET 256
    BOULDER,CO80301     		N/A   TO DEFRAY COST OF SHIPPING VETERINARY SUPPLIES TO ANIMAL WELFARE ORGANIZATIONS. 2,000
    RAINBOW PLACE SHELTER FOR HOMELESS WOMEN
    215 W MONTGOMERY AVE
    ROCKVILLE,MD20850     		N/A   TO PAY FOR PHONE, INTERNET, CLEANING & SECURITY SYSTEM COSTS AT SHELTER. 3,000
    WESLEY HOUSING
    5515 CHEROKEE AVE SUITE 200
    ALEXANDRIA,VA22312     		N/A   TO SUPPORT COVID-19 EMERGENCY RELIEF SUPPORTIVE SERVICES. 3,000
    Total .................................bullet 3a 280,000
    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 ...........     		    14 143  
    4 Dividends and interest from securities....     14 63,505  
    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 ............     		    18 124,157  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARKING REIMBURSEMENT     		        60
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   187,805 60
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    187,865
    (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:
    THE PHASE FOUNDATION
    EIN:
    52-1611434
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,880     4,880

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

    TY 2020 DepreciationSchedule
    Name:
    THE PHASE FOUNDATION
    EIN:
    52-1611434
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE PHASE FOUNDATION
    EIN:
    52-1611434
    Name of Stock End of Year Book Value End of Year Fair Market Value
    TD AMERITRADE 4,099,006 4,768,411

    TY 2020 OtherAssetsSchedule
    Name:
    THE PHASE FOUNDATION
    EIN:
    52-1611434
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSIT 4,101 4,101 4,101


    TY 2020 OtherExpensesSchedule
    Name:
    THE PHASE FOUNDATION
    EIN:
    52-1611434
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 20,267 20,267 20,267  
    INSURANCE 475     475
    OFFICE EXPENSES 698     698


    TY 2020 OtherIncomeSchedule2
    Name:
    THE PHASE FOUNDATION
    EIN:
    52-1611434
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARKING REIMBURSEMENT 60    


    TY 2020 OtherIncreasesSchedule
    Name:
    THE PHASE FOUNDATION
    EIN:
    52-1611434
    Description Amount
    OTHER ADJUSTMENTS TO NET ASSETS -860


    TY 2020 TaxesSchedule
    Name:
    THE PHASE FOUNDATION
    EIN:
    52-1611434
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES        
    IRS TAXES 2,417     2,417