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 V & L MARX FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)14 BROOKLINE ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SCARSDALE, NY10583
A Employer identification number

03-0536676
B Telephone number (see instructions)

(201) 767-6270
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$127,606,611J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 639 639  
4 Dividends and interest from securities... 4,275,034 4,275,034  
5a Gross rents............      
b Net rental income or (loss) -19,935
6a Net gain or (loss) from sale of assets not on line 10 240,130
b Gross sales price for all assets on line 6a 8,662,787
7 Capital gain net income (from Part IV, line 2)... 240,130
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........ 4,515,803 4,515,803  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
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 15,000 7,500   7,500
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 120,931 17,179   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 156,114 154,504   1,610
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 292,045 179,183   9,110
25 Contributions, gifts, grants paid....... 5,046,000 5,046,000
26 Total expenses and disbursements. Add lines 24 and 25 5,338,045 179,183   5,055,110
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -822,242
b Net investment income (if negative, enter -0-) 4,336,620
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 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......... 20,213,184 11,771,565 11,771,565
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)....... 50,867,439 Click to see attachment57,125,345 111,111,982
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).......... 1,755,536 Click to see attachment3,251,629 4,698,935
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment307,350 Click to see attachment24,129 Click to see attachment24,129
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 73,143,509 72,172,668 127,606,611
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment173,644 Click to see attachment25,045
23 Total liabilities (add lines 17 through 22)......... 173,644 25,045
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........ 54,190,390 54,190,390
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 18,779,475 17,957,233
29 Total net assets or fund balances (see instructions)..... 72,969,865 72,147,623
30 Total liabilities and net assets/fund balances (see instructions). 73,143,509 72,172,668
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
72,969,865
2
Enter amount from Part I, line 27a .....................
2
-822,242
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
72,147,623
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
72,147,623
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 3600 DANA HOLDING CORP   2020-03-04 2020-10-08
b 293 DANA HOLDING CORP   2020-03-04 2020-10-08
c 154 DANA HOLDING CORP   2020-03-04 2020-10-08
d 353 DANA HOLDING CORP   2020-03-04 2020-10-08
e 600 DANA HOLDING CORP   2020-03-04 2020-10-08
353 DANA HOLDING CORP   2020-03-12 2020-10-08
247 DANA HOLDING CORP   2020-03-12 2020-10-08
1900 DANA HOLDING CORP   2020-03-12 2020-10-08
SCHWAB VARIABLE SHARE PRICE MONEY FUND ULTRA   2018-08-30 2020-03-16
125 PAYPAL HOLDINGS INC (PYPL)   2020-03-19 2020-06-23
75 PAYPAL HOLDINGS INC (PYPL)   2020-03-19 2020-09-08
300 GILEAD SCIENCES INC (GILD)   2019-05-16 2020-05-12
294.511 PRIMECAP ODYSSEY FUNDS (POGRX)   2019-12-17 2020-08-20
102.249 M&P GROWTH FD (MPGFX)   2019-12-27 2020-01-21
32.628 PRIMECAP ODYSSEY FUNDS (POGRX)   2019-12-17 2020-08-20
10.979 M&P GROWTH FD (MPGFX)   2019-12-27 2020-01-21
10.05 M&P GROWTH FD (MPGFX)   2019-06-26 2020-01-21
9.825 PRIMECAP ODYSSEY FUNDS (POGRX)   2019-12-17 2020-08-20
89.156 DIAMOND HILL SMALL MID CAP (DHMIX)   2019-12-31 2020-03-09
96 RPC INC (RES)   2019-01-23 2020-01-21
391.607 DIAMOND HILL SMALL MID CAP (DHMIX)   2019-12-13 2020-03-09
300 RPC INC (RES)   2019-01-23 2020-01-21
400 BANK OZK (OZK)   2019-08-08 2020-03-19
1500 RPC INC (RES)   2019-07-22 2020-01-21
596 RPC INC (RES)   2019-04-25 2020-01-21
1000 RPC INC (RES)   2019-05-16 2020-01-21
1500 RPC INC (RES)   2019-05-24 2020-01-21
1104 RPC INC (RES)   2019-04-25 2020-01-21
6904 RPC INC (RES)   2019-01-23 2020-01-21
5 AMAZON COM INC (AMZN)   2017-02-07 2020-07-07
5 AMAZON COM INC (AMZN)   2017-02-07 2020-09-28
25 BOOKING HOLDINGS INC (BKNG)   2017-10-05 2020-04-24
25 BOOKING HOLDINGS INC (BKNG)   2017-11-07 2020-04-24
20 BOOKING HOLDINGS INC (BKNG)   2017-11-30 2020-04-24
5 BOOKING HOLDINGS INC (BKNG)   2017-12-22 2020-04-24
5 BOOKING HOLDINGS INC (BKNG)   2018-08-14 2020-04-24
10 BOOKING HOLDINGS INC (BKNG)   2019-02-28 2020-04-24
922.765 DIAMOND HILL SMALL MID CAP (DHMIX)   2015-10-22 2020-02-03
860.425 DIAMOND HILL SMALL MID CAP (DHMIX)   2015-10-22 2020-02-18
1310.424 DIAMOND HILL SMALL MID CAP (DHMIX)   2015-10-22 2020-03-09
53.674 DIAMOND HILL SMALL MID CAP (DHMIX)   2015-12-18 2020-03-09
922.91 DIAMOND HILL SMALL MID CAP (DHMIX)   2015-12-22 2020-03-09
20.361 DIAMOND HILL SMALL MID CAP (DHMIX)   2015-12-31 2020-03-09
1306.818 DIAMOND HILL SMALL MID CAP (DHMIX)   2016-02-25 2020-03-09
246.914 DIAMOND HILL SMALL MID CAP (DHMIX)   2016-08-15 2020-03-09
128.442 DIAMOND HILL SMALL MID CAP (DHMIX)   2016-12-16 2020-03-09
25.145 DIAMOND HILL SMALL MID CAP (DHMIX)   2016-12-30 2020-03-09
25.001 DIAMOND HILL SMALL MID CAP (DHMIX)   2017-12-15 2020-03-09
212.046 DIAMOND HILL SMALL MID CAP (DHMIX)   2017-12-15 2020-03-09
1499.779 DIAMOND HILL SMALL MID CAP (DHMIX)   2017-12-22 2020-03-09
46.424 DIAMOND HILL SMALL MID CAP (DHMIX)   2017-12-29 2020-03-09
1418.44 DIAMOND HILL SMALL MID CAP (DHMIX)   2018-10-30 2020-03-09
365.624 DIAMOND HILL SMALL MID CAP (DHMIX)   2018-12-14 2020-03-09
51.672 DIAMOND HILL SMALL MID CAP (DHMIX)   2018-12-31 2020-03-09
350 GILEAD SCIENCES INC (GILD)   2018-05-09 2020-02-27
450 GILEAD SCIENCES INC (GILD)   2018-05-09 2020-04-17
375 GILEAD SCIENCES INC (GILD)   2018-05-09 2020-04-30
225 GILEAD SCIENCES INC (GILD)   2018-05-09 2020-05-12
400 GILEAD SCIENCES INC (GILD)   2018-05-15 2020-05-12
200 GILEAD SCIENCES INC (GILD)   2018-11-29 2020-05-12
75 IDEXX LABS INC (IDXX)   2015-05-01 2020-07-31
75 IDEXX LABS INC (IDXX)   2015-05-01 2020-11-04
75 KANSAS CITY SOUTHERN (KSU)   2014-02-28 2020-09-08
75 KANSAS CITY SOUTHERN (KSU)   2014-02-28 2020-09-28
100 KANSAS CITY SOUTHERN (KSU)   2014-02-28 2020-11-12
922.545 M&P GROWTH FD (MPGFX)   2016-02-17 2020-01-21
333.365 M&P GROWTH FD (MPGFX)   2016-02-25 2020-01-21
8.876 M&P GROWTH FD (MPGFX)   2016-06-29 2020-01-21
59.287 M&P GROWTH FD (MPGFX)   2016-08-15 2020-01-21
58.491 M&P GROWTH FD (MPGFX)   2016-12-28 2020-01-21
9.409 M&P GROWTH FD (MPGFX)   2016-12-28 2020-01-21
9.265 M&P GROWTH FD (MPGFX)   2017-06-29 2020-01-21
9.836 M&P GROWTH FD (MPGFX)   2017-12-27 2020-01-21
108.283 M&P GROWTH FD (MPGFX)   2017-12-27 2020-01-21
4.988 M&P GROWTH FD (MPGFX)   2017-12-27 2020-01-21
8.43 M&P GROWTH FD (MPGFX)   2018-06-28 2020-01-21
112.592 M&P GROWTH FD (MPGFX)   2018-12-27 2020-01-21
13.722 M&P GROWTH FD (MPGFX)   2018-12-27 2020-01-21
2400 BANK OZK (OZK)   2018-08-27 2020-03-19
1200 BANK OZK (OZK)   2018-10-29 2020-03-19
500 BANK OZK (OZK)   2018-12-11 2020-03-19
1133.753 PRIMECAP ODYSSEY FUNDS (POGRX)   2015-08-17 2020-05-04
640.53 PRIMECAP ODYSSEY FUNDS (POGRX)   2015-08-26 2020-05-04
601.224 PRIMECAP ODYSSEY FUNDS (POGRX)   2015-08-26 2020-08-06
378.076 PRIMECAP ODYSSEY FUNDS (POGRX)   2015-09-08 2020-08-06
1059.14 PRIMECAP ODYSSEY FUNDS (POGRX)   2015-09-08 2020-08-20
863.836 PRIMECAP ODYSSEY FUNDS (POGRX)   2015-09-25 2020-08-20
0.43 PRIMECAP ODYSSEY FUNDS (POGRX)   2015-12-16 2020-08-20
65.545 PRIMECAP ODYSSEY FUNDS (POGRX)   2015-12-16 2020-08-20
25.57 PRIMECAP ODYSSEY FUNDS (POGRX)   2015-12-16 2020-08-20
47.681 PRIMECAP ODYSSEY FUNDS (POGRX)   2016-12-16 2020-08-20
34.074 PRIMECAP ODYSSEY FUNDS (POGRX)   2016-12-16 2020-08-20
166.227 PRIMECAP ODYSSEY FUNDS (POGRX)   2016-12-16 2020-08-20
1.841 PRIMECAP ODYSSEY FUNDS (POGRX)   2017-12-18 2020-08-20
22.262 PRIMECAP ODYSSEY FUNDS (POGRX)   2017-12-18 2020-08-20
90.374 PRIMECAP ODYSSEY FUNDS (POGRX)   2017-12-18 2020-08-20
26.703 PRIMECAP ODYSSEY FUNDS (POGRX)   2018-12-17 2020-08-20
7.738 PRIMECAP ODYSSEY FUNDS (POGRX)   2018-12-17 2020-08-20
149.704 PRIMECAP ODYSSEY FUNDS (POGRX)   2018-12-17 2020-08-20
1212.489 PRIMECAP ODYSSEY FUNDS (POGRX)   2018-12-21 2020-08-20
125 VANGUARD SM-CAP VIPERS (VB)   2011-06-28 2020-06-11
75 VANGUARD SM-CAP VIPERS (VB)   2011-06-28 2020-09-03
250 VANGUARD SM-CAP VIPERS (VB)   2011-09-13 2020-09-03
200 GILEAD SCIENCES INC   2019-04-23 2020-01-28
100 ANHEUSER BUSCH INBEV S F SPONSORED ADR 1 ADR REP S 1 ORD SHS   2019-02-08 2020-01-30
150 GILEAD SCIENCES INC   2019-02-28 2020-01-28
150 GILEAD SCIENCES INC   2019-03-01 2020-01-28
200 GILEAD SCIENCES INC   2019-02-25 2020-01-28
100 GILEAD SCIENCES INC   2019-01-29 2020-01-28
200 GILEAD SCIENCES INC   2019-02-07 2020-01-28
300 GILEAD SCIENCES INC   2019-02-05 2020-01-28
300 GILEAD SCIENCES INC   2019-01-31 2020-01-28
300 U S BANCORP   2019-05-30 2020-04-09
8000 BLACKBERRY LTD F   2019-10-29 2020-09-28
300 WABTEC   2019-05-30 2020-03-23
700 ARMSTRONG WORLD INDS   2019-01-23 2020-12-15
8000 LUMEN TECHNOLOGIES INC   2019-01-23 2020-12-15
200 ADVANCED DRAINAGE SY   2019-03-14 2020-11-17
500 ADVANCED DRAINAGE SY   2019-04-08 2020-09-28
500 ADVANCED DRAINAGE SY   2019-03-14 2020-09-28
1500 BLACKBERRY LTD F   2019-02-08 2020-09-28
25 ALPHABET INC. CLASS C   2019-02-04 2020-09-28
6500 BLACKBERRY LTD F   2019-01-23 2020-09-28
25 ALPHABET INC. CLASS C   2019-02-11 2020-09-28
6000 CENTURYLINK INC   2019-01-23 2020-04-09
200 U S BANCORP   2019-04-01 2020-04-09
200 U S BANCORP   2019-02-08 2020-04-09
1300 U S BANCORP   2019-02-05 2020-04-09
700 WABTEC   2019-01-25 2020-03-23
300 WABTEC   2019-03-07 2020-03-23
1400 WABTEC   2019-01-23 2020-03-23
100 WABTEC   2019-03-11 2020-03-23
3700 GRIFOLS SA F SPONSORED ADR 1 ADR REPS 1 ORD SHS   2019-01-25 2020-03-23
1300 ANHEUSER BUSCH INBEV S F SPONSORED ADR 1 ADR REPS 1 ORD SHS   2019-01-23 2020-01-30
1400 GILEAD SCIENCES INC   2019-01-23 2020-01-28
1000 BROADSTONE NET LEASE INC   2020-09-17 2020-10-05
20000 DAIMLER   2020-02-11 2020-02-12
100 GUARDANT HEALTH   2020-10-07 2020-11-09
1000 GUILD HOLDINGS COM   2020-10-22 2020-11-09
1000 ROCKET COMPANIES   2020-08-06 2020-08-06
417823.255 GERSTEIN FISHER MULTI FACT GROWTH EQUITY FD   2020-01-02 2020-01-29
1000 UTS EMPLOWER LTD   2020-10-07 2020-11-09
1000 UTS RIBBIT LEAP LTD   2020-09-11 2020-10-02
35584 FANUC CORP     2020-10-30
52000 PATTERN ENERGY GROUP     2020-03-16
85514.261 GERSTEIN FISHER MULTI FACT GROWTH EQUITY FD     2020-01-29
15107 EATON CORPORATION     2020-10-02
5 FIRST HORIZON   2018-03-15 2020-11-09
SEE K-1'S SEC 1231 GAIN P    
136 SHARES OF ETON PARK P    
SEE SCH K-1 QUENT SHORT TERM P    
SEE SCH K-1 QUENT LONG TERM 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 54,292   46,903 7,389
b 4,423   3,817 606
c 2,322   2,006 316
d 5,320   4,599 721
e 9,044   7,817 1,227
5,320   3,152 2,168
3,723   2,206 1,517
28,646   16,966 11,680
23,171   23,161 10
21,452   12,094 9,358
14,220   7,256 6,964
23,729   19,836 3,893
11,935   8,449 3,486
13,289   11,064 2,225
1,322   936 386
1,427   1,188 239
1,306   1,088 218
398   282 116
1,505   1,786 -281
432   1,042 -610
6,609   7,844 -1,235
1,354   3,255 -1,901
9,125   11,114 -1,989
6,750   9,832 -3,082
2,682   6,332 -3,650
4,500   9,784 -5,284
6,750   12,207 -5,457
4,973   11,729 -6,756
31,136   74,912 -43,776
15,013   4,048 10,965
15,683   4,048 11,635
33,933   47,449 -13,516
33,933   43,674 -9,741
27,146   34,766 -7,620
6,787   8,906 -2,119
6,787   9,273 -2,486
13,573   17,507 -3,934
20,000   18,482 1,518
19,000   17,234 1,766
22,116   26,247 -4,131
906   1,075 -169
15,576   18,485 -2,909
344   408 -64
22,055   26,175 -4,120
4,167   4,946 -779
2,168   2,573 -405
424   504 -80
422   501 -79
3,579   4,247 -668
25,312   30,040 -4,728
784   930 -146
23,939   28,410 -4,471
6,171   7,323 -1,152
872   1,035 -163
26,998   23,013 3,985
38,366   29,589 8,777
30,661   24,657 6,004
17,797   14,794 3,003
31,639   26,757 4,882
15,820   14,037 1,783
30,362   4,950 25,412
34,336   4,950 29,386
13,842   7,040 6,802
13,929   7,040 6,889
18,600   9,386 9,214
119,900   99,829 20,071
43,326   36,074 7,252
1,154   960 194
7,705   6,415 1,290
7,602   6,329 1,273
1,223   1,018 205
1,204   1,003 201
1,278   1,064 214
14,073   11,717 2,356
648   540 108
1,096   912 184
14,633   12,184 2,449
1,783   1,485 298
54,748   98,402 -43,654
27,374   31,264 -3,890
11,406   11,850 -444
38,340   32,527 5,813
21,660   18,377 3,283
24,557   17,249 7,308
15,443   10,847 4,596
42,921   30,386 12,535
35,006   24,783 10,223
17   12 5
2,656   1,880 776
1,036   734 302
1,932   1,368 564
1,381   978 403
6,736   4,769 1,967
75   53 22
902   639 263
3,662   2,593 1,069
1,082   766 316
314   222 92
6,067   4,295 1,772
49,135   34,786 14,349
17,961   9,609 8,352
11,901   5,766 6,135
39,670   16,464 23,206
12,846   12,467 379
7,538   7,562 -24
9,635   9,786 -151
9,635   9,866 -231
12,846   13,146 -300
6,423   6,934 -511
12,846   13,713 -867
19,269   20,352 -1,083
19,269   20,787 -1,518
11,102   15,098 -3,996
37,031   42,508 -5,477
12,227   19,122 -6,895
54,611   45,053 9,558
83,685   121,906 -38,221
12,643   5,095 7,548
30,004   13,670 16,334
30,004   12,739 17,265
6,943   12,135 -5,192
36,500   27,926 8,574
30,088   50,037 -19,949
36,500   27,489 9,011
61,515   91,429 -29,914
7,401   9,718 -2,317
7,401   10,170 -2,769
48,109   66,479 -18,370
28,530   46,549 -18,019
12,227   20,603 -8,376
57,060   98,611 -41,551
4,076   7,016 -2,940
64,249   71,447 -7,198
98,000   95,751 2,249
89,922   95,605 -5,683
16,755   16,994 -239
237,590   232,205 5,385
11,716   10,200 1,516
14,928   15,000 -72
18,753   18,000 753
1,750,717   1,966,223 -215,506
9,890   10,000 -110
12,271   10,000 2,271
749,392   728,812 20,580
1,391,000   830,412 560,588
358,312   1,390,045 -1,031,733
1,551,403   558,345 993,058
55     55
35,258     35,258
8,803   68,649 -59,846
    59,698 -59,698
7     7
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       7,389
b       606
c       316
d       721
e       1,227
      2,168
      1,517
      11,680
      10
      9,358
      6,964
      3,893
      3,486
      2,225
      386
      239
      218
      116
      -281
      -610
      -1,235
      -1,901
      -1,989
      -3,082
      -3,650
      -5,284
      -5,457
      -6,756
      -43,776
      10,965
      11,635
      -13,516
      -9,741
      -7,620
      -2,119
      -2,486
      -3,934
      1,518
      1,766
      -4,131
      -169
      -2,909
      -64
      -4,120
      -779
      -405
      -80
      -79
      -668
      -4,728
      -146
      -4,471
      -1,152
      -163
      3,985
      8,777
      6,004
      3,003
      4,882
      1,783
      25,412
      29,386
      6,802
      6,889
      9,214
      20,071
      7,252
      194
      1,290
      1,273
      205
      201
      214
      2,356
      108
      184
      2,449
      298
      -43,654
      -3,890
      -444
      5,813
      3,283
      7,308
      4,596
      12,535
      10,223
      5
      776
      302
      564
      403
      1,967
      22
      263
      1,069
      316
      92
      1,772
      14,349
      8,352
      6,135
      23,206
      379
      -24
      -151
      -231
      -300
      -511
      -867
      -1,083
      -1,518
      -3,996
      -5,477
      -6,895
      9,558
      -38,221
      7,548
      16,334
      17,265
      -5,192
      8,574
      -19,949
      9,011
      -29,914
      -2,317
      -2,769
      -18,370
      -18,019
      -8,376
      -41,551
      -2,940
      -7,198
      2,249
      -5,683
      -239
      5,385
      1,516
      -72
      753
      -215,506
      -110
      2,271
      20,580
      560,588
      -1,031,733
      993,058
      55
      35,258
      -59,846
      -59,698
      7
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 2 240,130
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 60,279
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 60,279
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 60,279
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 88,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 100,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 188,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 127,721
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet127,721 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY, DE
    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 addressbulletN/A
    14
    The books are in care ofbulletPETER ZOCH CPA CO DUGANSCOTTI AND ZOCH Telephone no.bullet (201) 767-6270

    Located atbullet161 MCKINLEY STREETCLOSTERNJ ZIP+4bullet07624
    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? .................
    16Yes  
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bulletCJ
    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
    JENNIFER GRUENBERG PRESIDENT
    15.00     		0 0 0
    14 BROOKLINE ROAD
    SCARSDALE,NY10583
    WENDY GRUENBERG SECRETARY
    2.00     		0 0 0
    14 BROOKLINE ROAD
    SCARSDALE,NY10583
    LEONARD GRUENBERG VP/CHIEF FINANCIAL OFFICER
    5.00     		0 0 0
    14 BROOKLINE ROAD
    SCARSDALE,NY10583
    JON GRUENBERG TREASURER
    2.00     		0 0 0
    14 BROOKLINE ROAD
    SCARSDALE,NY10583
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    BECK MACK & OLIVER LLC INVESTMENT ADVISORY SERVICES 53,251
    565 FIFTH AVE 19TH FLOOR
    NEW YORK,NY100177111
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    89,025,906
    b
    Average of monthly cash balances.......................
    1b
    19,027,168
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,792,541
    d
    Total (add lines 1a, b, and c).........................
    1d
    112,845,615
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    112,845,615
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    4,700,000
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    108,145,615
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,407,281
    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
    5,407,281
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    60,279
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    60,279
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,347,002
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    5,347,002
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    5,347,002
    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
    5,055,110
    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
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    5,055,110
    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
    5,055,110
    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 5,347,002
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 4,427,589
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 5,055,110
    a Applied to 2019, but not more than line 2a 4,427,589
    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..... 627,521
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		4,719,481
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    JENNIFER GRUENBERG
    14 BROOKLINE ROAD
    SCARSDALE,NY10583
    (201) 767-6270
    bThe form in which applications should be submitted and information and materials they should include:
    A STATEMENT(VIA US MAIL)DETAILING COMPLETE INFORMATION AS TO GRANT REQUESTED.
    cAny submission deadlines:
    NONE
    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 BETTER CHANCE
    235 WEST 35TH STREET 6TH FLOOR
    NEW YORK,NY100011907     		  PC GENERAL CORPORATE PURPOSE 5,000
    ACTORS FUND
    729 SEVENTH AVEUE 10TH FLOOR
    NEW YORK,NY10019     		  PC GENERAL CORPORATE PURPOSE 2,500
    AMERICAN FOLK ART MSEUM
    47-29 32ND PLACE
    LONG ISLAND CITY,NY111012409     		  PC GENERAL CORPORATE PURPOSE 1,000
    AMERICAN FRIENDS OF SOROKA MEDICAL CENTER
    PO BOX 184-H
    SCARSDALE,NY10583     		  PC GENERAL CORPORATE PURPOSE 10,000
    AMERICAN JEWISH COMMITTEE
    165 EAST 56TH STEET
    NEW YORK,NY10022     		  PC GENERAL CORPORATE PURPOSE 5,000
    AMERICAN MUSEUM OF NATURAL HISTORY
    CENTRAL PARK WEST AT 79TH STREET
    NEW YORK,NY100245192     		  PC GENERAL CORPORATE PURPOSE 10,000
    ARC WESTCHESTER FOUNDATION (FORMELY WESTCHESTER ARC)
    GLEESON-ISRAEL GATEWAY CENTER 265
    SAW MILL RIVER ROAD
    HAWTHORNE,NY10532     		  PC GENERAL CORPORATE PURPOSE 20,000
    BARRIER ISLAND PARKS SOCIETY
    PO BOX 637
    BOCA GRANDE,FL33921     		  PC GENERAL CORPORATE PURPOSE 2,000
    BERKELEY DIVINITY SCHOOL
    409 PROSPECT STREET
    NEW HAVEN,CT06511     		  PC GENERAL CORPORATE PURPOSE 10,000
    BIRTHRIGHT ISRAEL FOUNDATION
    PO BOX 21615
    NEW YORK,NY10087     		  PC GENERAL CORPORATE PURPOSE 10,000
    BLACK ROCK FOREST CONSORTIUM
    65 RESEVOIR ROAD
    CORNWALL,NY125182135     		  PC GENERAL CORPORATE PURPOSE 1,500
    BLOSSER CENTER THE
    PO BOX 18082
    PORTLAND,OR97218     		  PC GENERAL CORPORATE PURPOSE 10,000
    BLYTHEDALE CHILDREN'S HOSPITAL
    95 BRADHURST AVENUE
    VALHALLA,NY105957555     		  PC GENERAL CORPORATE PURPOSE 2,500
    BOCA GRANDE HEALTH CLINIC FOUNDATION
    PO BOX 2340
    BOCA GRANDE,FL33921     		  PC GENERAL CORPORATE PURPOSE 200,000
    BOCA GRANDE WOMAN'S CLUB
    PO BOX 65
    BOCA GRANDE,FL33921     		  PC GENERAL CORPORATE PURPOSE 25,000
    BOSTON UNIVERSITY-HENRY M GOLDMAN SCHOOL OF DENTAL MEDICINE
    85 EAST NEWTON STREET M-1008A
    BOSTON,MA02118     		  PC GENERAL CORPORATE PURPOSE 10,000
    BRAIN & BEHAVIOR RESEARCH FOUNDATION
    747 THIRD AVENUE 33RD FLOOR
    NEW YORK,NY10017     		  PC GENERAL CORPORATE PURPOSE 2,500
    BREAST CANCER ALLIANCE
    48 MAPLE AVENUE
    GREENWICH,CT06830     		  PC GENERAL CORPORATE PURPOSE 2,500
    BURKE REHABILITATION HOSPITAL
    785 MAMARONECK AVENUE
    WHITE PLAINS,NY10605     		  PC GENERAL CORPORATE PURPOSE 5,000
    CANCER SUPPORT COMMUNITY OF GREATER ANN ARBOR
    2010 HOGBACK ROAD SUITE 3
    ANN ARBOR,MI481059749     		  PC GENERAL CORPORATE PURPOSE 5,000
    CARAMOOR CENTER FOR MUSIC AND THE ARTS
    PO BOX 816
    KATONAH,NY10536     		  PC GENERAL CORPORATE PURPOSE 1,000
    CARNEGIE HALL
    881 SEVENTH AVENUE
    NEW YORK,NY10019     		  PC GENERAL CORPORATE PURPOSE 20,000
    CASA-NYC (COURT APPOINTED SPECIAL ADVOCATES FOR CHILDREN)
    48 WALL STREET 11TH FLOOR
    NEW YORK,NY10005     		  PC GENERAL CORPORATE PURPOSE 5,000
    CATHOLIC CHARITIES DIOCESE OF VENICE (FBO BOCA GRANDE PRESCHOOL)
    PO BOX 1386
    BOCA GRANDE,FL339211386     		  PC GENERAL CORPORATE PURPOSE 20,000
    CENTRAL PARK CONSERVANCY
    14 EAST 60TH STREET
    NEW YORK,NY10022     		  PC GENERAL CORPORATE PURPOSE 5,000
    CHILD CARE COUNCIL OF WESTCHESTER INC
    313 CENTRAL PARK AVENUE
    SCARSDALE,NY10583     		  PC GENERAL CORPORATE PURPOSE 25,000
    CHILDREN'S HOPE CHEST
    PO BOX 460
    PURCHASE,NY10577     		  PC GENERAL CORPORATE PURPOSE 2,500
    COLUMBIA UNIVERSITY DEPT OF UROLOGY
    HERBERT IRVING PAVILION 161 FORT
    WASHINGTON AVENUE
    NEW YORK,NY10032     		  PC GENERAL CORPORATE PURPOSE 15,000
    COLUMBIA UNIVERSITY SCHOOL OF SOCIAL WORK
    1255 AMSTERDAM AVENUE SUITE 629
    NEW YORK,NY10027     		  PC GENERAL CORPORATE PURPOSE 20,000
    DANVLLE AREA COMMUNITY COLLEGE
    2000 EAST MAIN STREET
    DANVILLE,IL61832     		  PC GENERAL CORPORATE PURPOSE 1,000
    DARTMOUTH COLLEGE
    6066 DEVELOPMENT OFFICE
    HANOVER,NH037554400     		  PC GENERAL CORPORATE PURPOSE 65,000
    DOWNSTATE MEDICAL CENTER (SUNY) ALUMNI ASSOCIATION
    450 CLARKSON AVENUE MSC 1204
    BROOKLYN,NY11203     		  PC GENERAL CORPORATE PURPOSE 10,000
    ECOLOGY IN CLASSROOMS AND OUTDOORS
    PO BOX 90293
    PORTLAND,OR97290     		  PC GENERAL CORPORATE PURPOSE 10,000
    EL EDUCATION (FORMERLY EXPEDITIONARY LEARNING SCHOOLS OUTWARD BOUND)
    247 WEST 35TH STREET
    NEW YORK,NY10001     		  PC GENERAL CORPORATE PURPOSE 1,000
    FRIENDS OF BOCA GRANDE COMMUNITY CENTER
    131 FIRST STREET WEST PO BOX 1222
    BOCA GRANDE,FL33921     		  PC GENERAL CORPORATE PURPOSE 16,000
    FRIENDS OF SCARSDALE LIBRARY
    PO BOX 628
    SCARSDALE,NY10583     		  PC GENERAL CORPORATE PURPOSE 25,000
    FSHD SOCIETY INC
    450 BEDFORD STREET
    LEXINGTON,MA02420     		  PC GENERAL CORPORATE PURPOSE 1,000
    GBS-CIPD FOUNDATION INTERNATIONAL
    375 EAST ELM STREET SUITE 101
    CONSHOHOCKEN,PA19428     		  PC GENERAL CORPORATE PURPOSE 10,000
    GICIA - GASPARILLA ISLAND CONSERVATION & IMPROVEMENT ASSOCIATION INC
    PO BOX 446 131 FIRST STREET ROOM 8
    BOCA GRANDE,FL33921     		  PC GENERAL CORPORATE PURPOSE 5,000
    GILDA'S CLUB OF WESTCHESTER
    80 MAPLE AVENUE
    WHITE PLAINS,NY106015105     		  PC GENERAL CORPORATE PURPOSE 2,500
    GLSEN
    PO BOX 604
    YORKTOWN HEIGHTS,NY10598     		  PC GENERAL CORPORATE PURPOSE 3,000
    GREYSTON FOUNDATION
    21 PARK AVENUE
    YONKERS,NY107033401     		  PC GENERAL CORPORATE PURPOSE 5,000
    GUIDANCE CENTER THE
    256 WASHINGTON STREET 2ND FLOOR
    MOUNT VERNON,NY10553     		  PC GENERAL CORPORATE PURPOSE 1,000
    HACKLEY SCHOOL
    293 BENEDICT AVENUE
    TARRYTOWN,NY10591     		  PC GENERAL CORPORATE PURPOSE 20,000
    HEALTHNETWORK FOUNDATION
    33 RIVER STREET
    CHAGRIN FALLS,OH44022     		  PC GENERAL CORPORATE PURPOSE 10,000
    HOSPICE OF WESTCHESTER
    1025 WESTCHESTER AVENUE SUITE 200
    WHITE PLAINS,NY10604     		  PC GENERAL CORPORATE PURPOSE 10,000
    HUDSON INSTITUTE
    1201 PENNSYLVANIA AVENUE NW SUITE
    400
    WASHINGTON,DC200042401     		  PC GENERAL CORPORATE PURPOSE 25,000
    INTERNATIONAL MYELOMA FOUNDATION
    12650 RIVERSIDE DRIVE SUITE 206
    NORTH HOLLYWOOD,CA91607     		  PC GENERAL CORPORATE PURPOSE 50,000
    ISLAND SCHOOL THE
    PO BOX 1090
    BOCA GRANDE,FL339211090     		  PC GENERAL CORPORATE PURPOSE 35,000
    ISRAEL CANCER RESEARCH FUND
    52 VANDERBILT AVENUE SUITE 1510
    NEW YORK,NY100173834     		  PC GENERAL CORPORATE PURPOSE 10,000
    JACOB BURNS FILM CENTER
    405 MANVILLE ROAD
    PLEASANTVILLE,NY10570     		  PC GENERAL CORPORATE PURPOSE 1,500
    JCC OF MID-WESTCHESTER
    999 WILMOT ROAD
    SCARSDALE,NY10583     		  PC GENERAL CORPORATE PURPOSE 5,000
    JCCA (JEWISH CHILD CARE ASSOCIATION)
    120 WALL STREET 20TH FLOR
    NEW YORK,NY10005     		  PC GENERAL CORPORATE PURPOSE 5,000
    JF LIBRARY FOUNDATION
    PO BOX 309 1040 WEST 10TH STREET
    BOCA GRANDE,FL33921     		  PC GENERAL CORPORATE PURPOSE 16,000
    JUILLIARD SCHOOL THE
    60 LINCOLN CENTER LAZA
    NEW YORK,NY10023     		  PC GENERAL CORPORATE PURPOSE 10,000
    JUNIOR LEAGUE OF CENTRAL WESTCHESTER
    1039 POST ROAD
    SCARSDALE,NY10583     		  PC GENERAL CORPORATE PURPOSE 1,500
    LETS GET READY
    50 BROADWAY 25TH FLOOR
    NEW YORK,NY10004     		  PC GENERAL CORPORATE PURPOSE 10,000
    LIBRARY FOUNDATION THE - MULTNOMAH COUNTY LIBRARY
    620 SW FIFTH AVENUE SUITE 1025
    PORTLAND,OR97204     		  PC GENERAL CORPORATE PURPOSE 150,000
    LUSTGARTEN FOUNDATION
    415 CROSSWAYS PARK DRIVE SUITE D
    WOOBURY,NY11707     		  PC GENERAL CORPORATE PURPOSE 2,500
    MANHATTAN THEATRE CLUB
    311 WEST 43RD STREET 8TH FLOOR
    NEW YORK,NY10036     		  PC GENERAL CORPORATE PURPOSE 10,000
    MAYO CLINIC
    200 FIRST STREET SW
    ROCHESTER,MN55905     		  PC GENERAL CORPORATE PURPOSE 5,000
    MEMORIAL SLOAN KETTERING CANCER CENTER
    1275 YORK AVENUE
    NEW YORK,NY10065     		  PC GENERAL CORPORATE PURPOSE 4,000
    METROPOLITAN MUSEUM OF ART
    PO BOX
    NEW YORK,NY10028     		  PC GENERAL CORPORATE PURPOSE 10,000
    MICHAEL J FOX FOUNDATION FOR PARKINSON'S RESEARCH
    GRAND CENTAL STATION PO BOX 4777
    NW YORK,NY10163     		  PC GENERAL CORPORATE PURPOSE 5,000
    MILLS COLLEGE
    5000 MACARTHUR BLVD
    OAKLAND,CA94613     		  PC GENERAL CORPORATE PURPOSE 5,000
    MOBILIZATION FOR JUSTICE
    100 WILLIAM STREET 6TH FLOOR
    NEW YORK,NY10038     		  PC GENERAL CORPORATE PURPOSE 10,000
    MOUNT SINAI HEALTH SYSTEM
    ONE GUSTAVE L LEVY PLACE BOX 1049
    NEW YORK,NY10029     		  PC GENERAL CORPORATE PURPOSE 75,000
    NEW ALTERNATIVES FOR CHILDREN
    37 WEST 26TH STREET
    NEW YORK,NY10010     		  PC GENERAL CORPORATE PURPOSE 5,000
    NEW YORK BOTANICAL GARDENS
    2900 SOUTHERN BLVD
    BRONX,NY104580649     		  PC GENERAL CORPORATE PURPOSE 5,000
    NEW YORK PHILHARMONIC
    DAVID GEFFEN HALL 10 LINCOLN PLAZA
    NEW YORK,NY10023     		  PC GENERAL CORPORATE PURPOSE 547,500
    NEW YORK PUBLIC LIBRARY
    445 FIFTH AVENUE
    NEW YORK,NY10016     		  PC GENERAL CORPORATE PURPOSE 10,000
    NEW YORK THEATRE WORKSHOP
    79 EAST 4TH STREET
    NEW YORK,NY10003     		  PC GENERAL CORPORATE PURPOSE 5,000
    OREGON EPISCOPAL SCHOOL
    6300 SW NICHOL ROAD
    PORTLAND,OR97223     		  PC GENERAL CORPORATE PURPOSE 70,000
    PARKINSONS FOUNDATION THE
    1359 BROADWAY SUITE 1509
    NEW YORK,NY10018     		  PC GENERAL CORPORATE PURPOSE 15,000
    POWER MY LEARNING (FORMELY CFY)
    520 EIGHTH AVENUE FLOOR 10
    NEW YORK,NY10018     		  PC GENERAL CORPORATE PURPOSE 10,000
    RAMAPO FOR CHILDREN
    PO BOX 266
    RHINEBECK,NY125720266     		  PC GENERAL CORPORATE PURPOSE 5,000
    READING RESULTS
    3115 NE SANDY BOULEVARD SUITE 229
    PORTLAND,OR97232     		  PC GENERAL CORPORATE PURPOSE 40,000
    RETT SYNDROME RESEARCH TRUST
    67 UNDER CLIFF ROAD
    TRUMBULL,CT06611     		  PC GENERAL CORPORATE PURPOSE 50,000
    ROCKEFELLER UNIVERSITY
    1230 YORK AVENUE AT EAST 66TH
    STREET BOX 164
    NEW YORK,NY10065     		  PC GENERAL CORPORATE PURPOSE 3,500
    ROYAL PALM PLAYERS
    PO BOX 954
    BOCA GRANDE,FL33921     		  PC GENERAL CORPORATE PURPOSE 5,000
    SCARSDALE ADULT SCHOOL
    PO BOX 205
    SCARSDALE,NY10583     		  PC GENERAL CORPORATE PURPOSE 10,000
    SCARSDALE EDGEMONT FAMILY COUNSELING SERVICE
    14 HARWOOD COURT 405
    SCARSDALE,NY10583     		  PC GENERAL CORPORATE PURPOSE 40,000
    SCARSDALE FOUNDATION
    PO BOX 542
    SCARSDALE,NY10583     		  PC GENERAL CORPORATE PURPOSE 2,500
    SCARSDALE VOLUNTEER AMBULANCE CORPS
    PO BOX 92
    SCARSDALE,NY10583     		  PC GENERAL CORPORATE PURPOSE 20,000
    SCARSDALE WOMAN'S CLUB
    37 DRAKE ROAD
    SCARSDALE,NY10583     		  PC GENERAL CORPORATE PURPOSE 25,000
    SCARSDALE WOMAN'S EXCHANGE
    6 HARWOOD COURT
    SCASDALE,NY10583     		  PC GENERAL CORPORATE PURPOSE 10,000
    SCHOOL OF PRACTICAL PHILOSPHY
    12 EAST 79TH STREET
    NEW YORK,NY10075     		  PC GENERAL CORPORATE PURPOSE 10,000
    SHARE AND CARE FOUNDATION
    350 WEST PASSAIC STREET 2ND FLOOR
    ROCHELLE PARK,NJ07662     		  PC GENERAL CORPORATE PURPOSE 10,000
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    501 STJUDE PLACE
    MEMHIS,TN38105     		  PC GENERAL CORPORATE PURPOSE 10,000
    STAMFORD SYMPHONY
    263 TESSLER BOULEVARD
    STAMFORD,CT06901     		  PC GENERAL CORPORATE PURPOSE 2,500
    STANLEY M ISAACS NEIGHBORHOOD CENTER INC
    415 EST 93RD STREET
    NEW YORK,NY101286904     		  PC GENERAL CORPORATE PURPOSE 1,000
    STUDENT ADVOCACY
    3 WEST MAIN STREET SUITE 212
    ELMSFORD,NY10523     		  PC GENERAL CORPORATE PURPOSE 1,000
    SUMMER CAMP THE
    8 CHURCH STREET
    BRIDGTON,ME04009     		  PC GENERAL CORPORATE PURPOSE 40,000
    SURPRISE LAKE CAMP
    382 LAKE SURPRISE ROAD
    COLD SPRING,NY10516     		  PC GENERAL CORPORATE PURPOSE 10,000
    TEACHERS COLLEGE COLUMBIA UNIVERSITY
    525 WEST 120TH STREET BOX 306
    NEW YORK,NY10027     		  PC GENERAL CORPORATE PURPOSE 105,000
    THE ACCELERATION PROJECT
    PO BOX 335
    SCARSDALE,NY10583     		  PC GENERAL CORPORATE PURPOSE 25,000
    TROUT UNLIMITED
    PO BOX 7400
    WOOLLY BUGGER,WV254387400     		  PC GENERAL CORPORATE PURPOSE 5,000
    TUFTS UNIVERSITY SCHOOL OF MEDICINE
    136 HARRISON AVENUE
    BOSTON,MA02111     		  PC GENERAL CORPORATE PURPOSE 10,000
    UJA FEDERATION
    130 EAST 59TH STREET
    NEW YORK,NY10022     		  PC GENERAL CORPORATE PURPOSE 50,000
    UNITED HEBREW
    391 PELHAM RAOD
    NEW ROCHELLE,NY10805     		  PC GENERAL CORPORATE PURPOSE 10,000
    UNITED WAY OF WESTCHESTER & PUTNAM
    336 CENTRAL PARK AVENUE
    WHIE PLAINS,NY10606     		  PC GENERAL CORPORATE PURPOSE 20,000
    URBANGLASS
    647 FULTON STREET
    BROOKLYN,NY11217     		  PC GENERAL CORPORATE PURPOSE 5,000
    VOLUNTEER NEW YORK
    220 WHITE PLAINS ROAD 2ND FLOOR
    TARRYTOWN,NY10591     		  PC GENERAL CORPORATE PURPOSE 72,500
    WEILL CORNELL MEDICINE DEPARTMENT OF DERMATOLOGY
    1300 YORK AVENUE BOX 314
    NEW YORK,NY101310628     		  PC GENERAL CORPORATE PURPOSE 10,000
    WESTCHESTER CHILDREN'S ASSOCIATION
    470 MAMARONECK AVENUE SUITE 304
    WHITE PLAINS,NY10605     		  PC GENERAL CORPORATE PURPOSE 15,000
    WESTCHESTER CHILDREN'S MUSEUM
    PO BOX 397
    RYE,NY10580     		  PC GENERAL CORPORATE PURPOSE 50,000
    WESTCHESTER COMMUNITY COLLEGE FOUNDATION
    HARTFORD HALL 75 GRASSLANDS ROAD
    VALHALLA,NY10595     		  PC GENERAL CORPORATE PURPOSE 289,500
    WESTCHESTER GOLF ASSOC CADDIE SCHOLARSHIP FUND
    49 KNOLLWOOD ROAD
    ELMSFORD,NY10523     		  PC GENERAL CORPORATE PURPOSE 15,000
    WESTCHESTER JEWISH COMMUNITY SERVICES
    845 NORTH BRODWAY
    WHITE PLAINS,NY10603     		  PC GENERAL CORPORATE PURPOSE 10,000
    WESTCHESTER PARKS FOUNDATION
    155 LAYFAYETTE AVENUE SUITE 101
    WHITE PLAINS,NY10603     		  PC GENERAL CORPORATE PURPOSE 2,500
    WESTCHESTER REFORM TEMPLE
    255 MAMARONECK ROAD
    SCARSDALE,NY10583     		  PC GENERAL CORPORATE PURPOSE 100,000
    WHITE PLAINS HOSPITAL
    41 EAST POST ROAQD
    WHITE PLAINS,NY10601     		  PC GENERAL CORPORATE PURPOSE 1,845,000
    WILD CENTER THE
    45 MUSEUM DRIVE
    TUPPER LAKE,NY12986     		  PC GENERAL CORPORATE PURPOSE 2,000
    WILDLIFE IMPACT
    PO BOX 31062
    PORTLAND,OR97231     		  PC GENERAL CORPORATE PURPOSE 10,000
    WISE SERVICES
    29 OLD TARRYTOWN ROAD
    WHITE PLAINS,NY10603     		  PC GENERAL CORPORATE PURPOSE 1,000
    WNET-THIRTEEN
    825 EIGHTH AVENUE
    NEW YORK,NY100197435     		  PC GENERAL CORPORATE PURPOSE 25,000
    WOMEN'S ENTERPRISE DEVELOPMENT CENTER
    901 NORTH BROADWAY SUITE 23
    WHITE PLAINS,NY10603     		  PC GENERAL CORPORATE PURPOSE 20,000
    WOMEN'S PROJECT THEATRE
    55 WEST END AVENUE
    NEW YORK,NY10023     		  PC GENERAL CORPORATE PURPOSE 5,000
    WORDSTART EARLY LITERACY FOUNDATION
    177 HILLCREST ROAD
    MT VERNON,NY10552     		  PC GENERAL CORPORATE PURPOSE 10,000
    WQXRNEW YORK PUBLIC RADIO
    169 VARICK STREET
    NEW YORK,NY10013     		  PC GENERAL CORPORATE PURPOSE 10,000
    YALE CHILD STUDY CENTER
    PO BOX 2038
    NEW HAVEN,CT065212038     		  PC GENERAL CORPORATE PURPOSE 200,000
    YALE UNIVERSITY
    PO BOX 2038
    NEW HAVEN,CT065212038     		  PC GENERAL CORPORATE PURPOSE 40,000
    YONKERS PARTNERS IN EDUCATION
    92 MAIN STREET
    YONKERS,NY10701     		  PC GENERAL CORPORATE PURPOSE 25,000
    ZERO TO THREE
    1255 23RD STREET NW SUITE 350
    WASHINGTON,DC20037     		  PC GENERAL CORPORATE PURPOSE 1,500
    Total .................................bullet 3a 5,046,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 639  
    4 Dividends and interest from securities....     14 4,275,034  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 -19,935  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 240,130  
    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 4,495,868 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,495,868
    (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


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    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE V & L MARX FOUNDATION
    EIN:
    03-0536676
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 15,000 7,500   7,500

    TY 2020 CashDeemedCharitableExplnStmt
    Name:
    THE V & L MARX FOUNDATION
    EIN:
    03-0536676
    Explanation:
    THE FOUNDATION'S UNDISTRIBUTED INCOME REQUIRED TO BE DISTRIBUTED DURING 2021 AMOUNTS TO APPROXIMATELY $4,700,000. THIS IS THE AMOUNT OF CASH DEEMED HELD FOR CHARITABLE PURPOSES FOR PURPOSES OF PART X MINIMUM INVESTMENT RETURN.

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE V & L MARX FOUNDATION
    EIN:
    03-0536676
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ANALOG DEVICES INC (ADI) 135,386 233,889
    AMAZON COM INC (AMZN) 54,062 197,151
    BANK OF AMERICA CORP (BAC) 181,822 203,864
    CONESTOGA SMALL CAP FUND IS (CCALX) 191,043 290,221
    WALT DISNEY CO (DIS) 156,689 271,755
    GRACO INC (GGG) 174,935 259,956
    ALPHABET INC-CL A (GOOGL) 145,101 225,713
    ADVISORS INNER CIRCLE FUND (GQEIX) 161,126 163,633
    GOLDMAN SACHS GQG PARTNERS (GSIMX) 131,135 152,265
    HARDING LOEVNER FDS INC INT (HLMIX) 245,473 307,366
    IDEXX LABS INC (IDXX) 39,602 223,632
    ISHARES EXPANDED TECH SECTO (IGM) 110,788 174,465
    JOHNSON & JOHNSON (JNJ) 159,979 187,260
    KIRBY CORP (KEX) 118,148 156,840
    KANSAS CITY SOUTHERN (KSU) 91,233 181,233
    MASTERCARD INC -A- (MA) 181,381 213,330
    MFS MID CAP GROWTH FD CL A (OTCAX) 141,582 191,057
    PARN CORE EQT-INSTL INSTITU (PRILX) 328,471 423,080
    PAYPAL HOLDINGS INC (PYPL) 101,592 243,086
    RBC BEARINGS (ROLL) 110,247 161,667
    VANGUARD SM-CAP VIPERS (VB) 48,708 77,924
    VANGUARD DIVIDEND GROWTH FD (VDIGX) 356,489 373,250
    VANGUARD HEALTH CARE VIPE (VHT) 69,333 155,512
    VANGUARD MID-CAP ETF (VO) 101,195 206,340
    VANGUARD S&P 500 ETF (VOO) 480,879 837,533
    ADJUSTMENT TO COST BASIS 3,953 0
    ABBOTT LABORATORIES 173,502 821,175
    ABBVIE INC 188,148 803,625
    AIR PRODUCTS & CHEMICALS INC 256,718 1,092,880
    ALBEMARLE CORPORATION 55,812 619,584
    AMGEN INC 489,438 2,069,280
    ANALOG DEVICES INC 857,191 2,954,600
    ARCHER-DANIELS-MIDLAND CO 804,917 1,008,200
    AT&T INC 1,404,904 1,207,920
    BBX CAPITAL INC COMMON STOCK CL A 0 18,874
    BECTON DICKINSON & CO 108,660 126,862
    BERKSHIRE HATHAWAY INC-DEL CL A 219,968 1,043,445
    BLUEGREEN VACATIONS HOLDING CORPORATION CLASS A COMMON STOCK 118,500 44,879
    BRISTOL MYERS SQUIBB CO 721,352 1,426,690
    CANTEL MEDICAL CORPORATION 741,780 2,365,800
    CHEVRON CORPORATION 325,556 621,299
    CISCO SYSTEMS INC 964,595 1,029,250
    COCA COLA COMPANY (THE) 15,573 767,760
    COSTCO WHOLESALE CORP-NEW 589,597 3,014,240
    CTO REALTY GROWTH INC COMMON STOCK 376,393 542,262
    DANAHER CORPORATION 193,804 2,221,400
    DEL TACO RESTAURANTS INC NEW COM 483,099 407,700
    EMERSON ELECTRIC CO 753,278 1,205,550
    EXXON MOBIL CORP 451,148 453,420
    GENERAL MOTORS COMPANY 459,767 541,320
    GOLDMAN SACHS BDC INC SHS 1,646,818 1,529,600
    GORMAN RUPP COMPANY (THE) COMMON SHARES 958,249 1,298,000
    H B FULLER & CO 56,487 207,520
    HALOZYME THERAPEUTICS INC 751,492 2,989,700
    HELMERICH & PAYNE INC 38,281 60,216
    HENNES & MAURITZ AB H&M STOCKHOLM AKT SEK0.25'B' 22,752 47,200
    HOME DEPOT INC 274,819 2,124,960
    HUBBELL INCORPORATED COM 155,170 783,950
    ILLINOIS TOOL WORKS INC 201,403 1,182,504
    INNOVIVA INC COM 298,441 309,750
    INTERNATIONAL BUSINESS MACHINES CORP 1,913,383 1,762,320
    JOHNSON & JOHNSON 289,026 786,900
    KIMBERLY CLARK CORP 459,752 1,011,225
    KRAFT HEINZ COMPANY (THE) COMMON STOCK 116,714 150,182
    L S STARRETT CO-CL A 269,668 167,868
    LORD ABBETT INVT TR ULTRA SHORT BD FD CL A 5,000,005 5,000,000
    LOWES COMPANIES INC 460,969 4,173,260
    LUMEN TECHNOLOGIES INC COMMON STOCK 970,470 585,000
    LYONDELLBASELL INDUSTRIES N V CL A 1,787,125 1,833,200
    MAGNA INTERNATIONAL INC CL A US LISTED 493,005 708,000
    MAXIM INTEGRATED PRODUCTS INC 554,541 886,500
    MCCORMICK & CO INC NON-VOTING 144,472 764,800
    MERCK & CO INC 1,100,630 2,045,000
    MICROSOFT CORP 745,550 5,115,660
    NORFOLK SOUTHERN CORP 237,768 1,188,050
    NUCOR CORP 345,994 531,900
    PFIZER INC 1,227,390 1,840,500
    REGIONS FINANCIAL CORP 197,081 209,560
    ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG A SHS 730,648 485,213
    RYDER SYSTEM INC 779,028 926,400
    SMUCKER J M COMPANY 82,531 289,000
    SONOCO PRODUCTS CO 576,612 1,185,000
    TARGET CORP 235,903 935,609
    UNILEVER PLC SPONSORED ADR 281,031 869,184
    UNION PACIFIC CORP 513,768 1,249,320
    UNITED PARCEL SVC INC CL B 679,738 1,347,200
    VIACOMCBS INC CLASS B COMMON STOCK 1,801,678 1,490,400
    VIATRIS INC COMMON STOCK 67,325 116,244
    WALT DISNEY CO 75,300 579,776
    WEST PHARMACEUTICAL SVCS INC COM 28,081 1,133,240
    WTS AMERICAN INTERNATIONAL GROUP INC EXP $44.9036 0 2
    ADJUSTMENT TO COST BASIS 50,964 0
    ADVANCED DRAIN SYS INC COM 121,267 401,184
    ALPHABET INC CAP STK CL C 213,240 350,376
    AMERICAN EXPRESS CO 157,155 193,456
    APOLLO GLOBAL MGMT INC 270,995 489,800
    ARMSTRONG WORLD INDS I COM 128,722 148,780
    ASHTEAD GROUP PLC SHS 189,132 361,900
    BLACKSTONE GROUP 237,121 473,113
    CAE INC COM 138,813 152,570
    CREDIT ACCEP CORP MICH COM 364,812 346,140
    DISCOVERY INC. SER C 117,980 123,093
    ENSTAR GROUP LTD 251,229 307,335
    GRIFOLS S A SP ADR REP B NVT 94,308 92,200
    HILTON WORLDWIDE HOLDINGS INC 76,538 122,386
    JPMORGAN CHASE & CO. 153,399 190,605
    LAB.CP OF AMER HLDGS. 231,945 346,035
    LUMEN TECHNOLOGIES 126,951 97,500
    MASTERCARD INC CL A 81,177 107,082
    MATADOR RES CO COM 278,886 253,260
    MICROSOFT CORP 232,672 489,324
    RADNET INC COM 165,340 273,980
    ROPER TECHNOLOGIES INC COM 110,569 172,436
    SCHWAB CHARLES CP NEW COM 235,161 318,240
    SHERWIN WILLIAMS CO COM 194,653 367,455
    TEVA PHARMAC.IND.ADR 262,880 193,000
    WATERS CORPORATION 63,111 74,226
    AKAMAI TECHNOLOGIES 452,991 1,160,140
    ALPHABET INC. A 287,362 1,025,294
    ALPHABET INC. C 113,360 702,504
    APPLE INC 320,814 2,600,724
    B G C PARTNERS A 209,495 164,020
    BAKER HUGHES A G E C A 387,584 225,180
    BERKSHIRE HATHAWAY B 448,204 1,246,301
    BOEING CO 289,628 856,240
    BRIGGS & STRATTON CO 189,537 1,469
    BRISTOL-MYERS SQUIBB 459,980 620,300
    COGNIZANT TECH SOLU A 262,443 540,870
    DELL TECHNOLOGIES 277,805 774,529
    EBAY INC 327,633 532,650
    HUNTINGTON BANCSHS 246,701 242,098
    MEDTRONIC PLC 571,204 843,408
    NOVO-NORDISK A S ADR 377,691 593,725
    NVIDIA CORP 72,786 1,174,950
    OCCIDENTAL PETROL 27 WTSWARRANTS EXP 08/03/27 2,475 3,405
    OCCIDENTAL PETROL CO 163,600 69,240
    ORBCOMM INC 251,281 504,560
    PAYPAL HOLDINGS INCO 288,762 2,037,540
    REGIONS FINL CO 124,525 145,080
    TAIWAN SEMICONDUCTR ADR 399,522 1,090,400
    WALMART INC 257,070 684,713
    ADJUSTMENT TO COST BASIS 43,506 0
    26 EAST REALTY CO 1,115,207 1,115,207
    17 WEST ORANGE REALTY 629,584 629,584
    DARB REALTY CO 965,888 965,888
    KESMAR REALTY CO 406,455 406,455
    ARGIN REALTY CO 1,150,079 1,150,079
    MONTCAN REALTY CO 140,003 140,003

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE V & L MARX FOUNDATION
    EIN:
    03-0536676
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ETON PARK OVERSEAS FUND LTD FMV 2,529 5,213
    ARLINGTON JOINT VENTURE FMV 49,459 36,450
    BLOOMINGTON SYNDICATE FMV 29,510 31,656
    EAST RUTHERFORD SYNDICATE FMV 833 2,495
    ELMONT JV FMV 10,892 8,049
    FORT LEE JV FMV 5,541 6,067
    ITHACA JV FMV 20,804 15,636
    KINNEY HYBLA JV FMV 23,744 24,121
    LM OF GREENWICH FMV 1,111 5,591
    MADISON SYNDICATE FMV 611 646
    MANASSAS JV FMV 12,586 11,286
    MARLTON JV FMV 21,073 21,131
    MELCO HYBLA JV FMV 17,190 13,183
    NEWBURY STREET PARTNERS FMV 10,927 9,404
    PETERS LAND SYNDICATE FMV 14,737 12,661
    SEAFORD JV FMV 9,660 8,959
    STATE COLLEGE JV FMV 24,425 12,250
    KKR NORTH AMERICA FUND XI LP FMV 823,764 1,681,192
    ENTERPRISES PRODUCTS PARTNERSHIP FMV 247,128 293,850
    QUENT LONG SHORT GLOBAL SMALL CAP FUND LP FMV 1,925,105 2,499,095

    TY 2020 OtherAssetsSchedule
    Name:
    THE V & L MARX FOUNDATION
    EIN:
    03-0536676
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDEND RECEIVABLE 290,247 2,001 2,001
    DUE FROM SYNDICATES 17,095 14,066 14,066
    ACCRUED INTEREST RECEIVABLE 8    
    ORGANIZATIONAL COSTS 31,166 31,166 0
    ACCUMULATED AMORTIZATION - ORGANIZATIONAL COSTS -31,166 -31,166 0
    DUES FROM BROKER   8,062 8,062


    TY 2020 OtherExpensesSchedule
    Name:
    THE V & L MARX FOUNDATION
    EIN:
    03-0536676
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEES 1,610 0   1,610
    INVESTMENT ADVISORY FEES 95,525 95,525   0
    OTHER INVEST EXPENSES K-1 FROM SYNDICATES 9 9   0
    ADR FEES 1,515 1,515   0
    FUND EXPENSES-KKR 20,093 20,093   0
    INTEREST EXPENSE SEE QUENT SCH K-1 5,711 5,711   0
    ABP FEE 460 460   0
    NONDEDUCTIBLE SYNDICATE EXPENSES 43 43   0
    OTHER DEDUCTIONS SEE QUENT SCH K-1 10,261 10,261   0
    MARGIN INTEREST JP MORGAN 84 84   0
    BANK FEES 10 10   0
    GENERAL EXPENSES 372 372   0
    OTHER LOSS SEE QUENT SCH K-1 486 486   0
    SCH K-1 PASS THRU RENTAL LOSS FROM SYNDICATES 19,935 19,935   0


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE V & L MARX FOUNDATION
    EIN:
    03-0536676
    Description Beginning of Year - Book Value End of Year - Book Value
    ACCRUED EXPENSES 23,805 25,045
    DUE TO BROKER 149,839 0


    TY 2020 TaxesSchedule
    Name:
    THE V & L MARX FOUNDATION
    EIN:
    03-0536676
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID DIVIDEND INCOME 17,163 17,163   0
    FEDERAL EXCISE TAX 103,752 0   0
    FOREIGN TAX PAID DIVIDEND INCOME SEE QUENT SCH K-1 16 16   0