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
Lighten Family Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

20-8069108
B Telephone number (see instructions)

(800) 839-1754
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$5,308,554J 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 85 85  
4 Dividends and interest from securities... 83,721 81,214  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 267,164
b Gross sales price for all assets on line 6a 3,115,086
7 Capital gain net income (from Part IV, line 2)... 267,164
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........ 350,970 348,463  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 35,861 35,861    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,093 1,093    
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 15,606 581   15,025
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 52,560 37,535   15,025
25 Contributions, gifts, grants paid....... 360,000 360,000
26 Total expenses and disbursements. Add lines 24 and 25 412,560 37,535   375,025
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -61,590
b Net investment income (if negative, enter -0-) 310,928
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......... 183,569 763,933 763,933
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)....... 3,288,365 Click to see attachment3,059,118 4,305,646
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).......... 679,349 Click to see attachment266,642 238,975
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,151,283 4,089,693 5,308,554
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
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 4,151,283 4,089,693
29 Total net assets or fund balances (see instructions)..... 4,151,283 4,089,693
30 Total liabilities and net assets/fund balances (see instructions). 4,151,283 4,089,693
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
4,151,283
2
Enter amount from Part I, line 27a .....................
2
-61,590
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
4,089,693
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
4,089,693
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b A&Q GLOBAL DIVERSIFIED STRATEGIES FUND LTD CL B P 2012-01-25 2020-09-30
c A&Q GLOBAL DIVERSIFIED STRATEGIES FUND LTD CL B P 2012-01-25 2020-09-30
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,491,272   2,429,578 61,694
b 623,558   418,174 205,384
c 256   170 86
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       61,694
b       205,384
c       86
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 267,164
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 4,322
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 4,322
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 4,322
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 3,919
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 403
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,322
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   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)
    bulletDE
    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 ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
    Adrienne J Lighten VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Alexis N Lighten VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Christopher W Lighten VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Michael D Lighten VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    William E Lighten Pres, Dir, Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
    3,896,286
    b
    Average of monthly cash balances.......................
    1b
    325,336
    c
    Fair market value of all other assets (see instructions)................
    1c
    705,567
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,927,189
    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
    4,927,189
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    73,908
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,853,281
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    242,664
    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
    242,664
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    4,322
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,322
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    238,342
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    238,342
    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
    238,342
    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
    375,025
    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
    375,025
    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
    375,025
    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 7 238,342
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 215,162
    b From 2016...... 288,636
    c From 2017...... 172,166
    d From 2018...... 153,775
    e From 2019...... 202,577
    fTotal of lines 3a through e........ 1,032,316
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 375,025
    a Applied to 2019, but not more than line 2a  
    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..... 238,342
    e Remaining amount distributed out of corpus 136,683
    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 1,168,999
    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 .............     		 
    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) ...     		215,162
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		953,837
    10 Analysis of line 9:
    a Excess from 2016.... 288,636
    b Excess from 2017.... 172,166
    c Excess from 2018.... 153,775
    d Excess from 2019.... 202,577
    e Excess from 2020.... 136,683
    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).)
    William E Lighten
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BOYS AND GIRLS CLUB OF NEW ROCHELLE INC
    79 7TH ST
    NEW ROCHELLE,NY10801     		N/A PC General & Unrestricted 1,000
    CENTER CHAPEL MISSIONARY BAPTIST CHURCH
    PO BOX 18483
    MEMPHIS,TN38181     		N/A PC General & Unrestricted 5,000
    DIVINE FAVOR & FELLOWSHIP MINISTRIES
    10260 HWY 57 E PO BOX 26
    MOSCOW,TN38057     		N/A PC General & Unrestricted 3,000
    FAMILY SERVICES OF WESTCHESTER INC
    2975 WESTCHESTER AVE STE 401
    PURCHASE,NY10577     		N/A PC General & Unrestricted 2,000
    FELLAS COLLEGE SCHOLARSHIP FUND
    99 BAYEAU RD
    NEW ROCHELLE,NY10804     		N/A PC General & Unrestricted 500
    FOUNDATION OF WESTCHESTER CLUBMEN INC
    1333A N AVE 511
    NEW ROCHELLE,NY10804     		N/A PC General & Unrestricted 1,000
    GRACE BAPTIST CHURCH
    52 S 6TH AVE
    MT VERNON,NY10550     		N/A PC General & Unrestricted 25,000
    JULIA DYCKMAN ANDRUS MEMORIAL INC
    1156 N BROADWAY
    YONKERS,NY10701     		N/A PC General & Unrestricted 1,000
    LEGAL AID SOCIETY OF THE DISTRICT OF COLUMBIA
    1331 H ST NW
    WASHINGTON,DC20005     		N/A PC General & Unrestricted 500
    MARC LUSTGARTEN PANCREATIC CANCER FOUNDATION
    415 CROSSWAYS PARK DR STE D
    WOODBURY,NY11797     		N/A PC General & Unrestricted 1,000
    NAACP FOUNDATION
    7 ST PAUL ST STE 12
    BALTIMORE,MD21202     		N/A PC General & Unrestricted 1,000
    NEW ROCHELLE POLICE FOUNDATION INC
    PO BOX 96
    NEW ROCHELLE,NY10804     		N/A PC General & Unrestricted 2,500
    NEW YORK THEOLOGICAL SEMINARY
    475 RIVERSIDE DR STE 500
    NEW YORK,NY10115     		N/A PC General & Unrestricted 5,000
    PANCREATIC CANCER ACTION NETWORK INC
    1500 ROSECRANS AVE STE 200
    MANHATTAN BCH,CA90266     		N/A PC General & Unrestricted 500
    UNITED NEGRO COLLEGE FUND INC
    1805 7TH ST NW
    WASHINGTON,DC20001     		N/A PC General & Unrestricted 1,000
    YALE UNIVERSITY
    PO BOX 208239
    NEW HAVEN,CT06520     		N/A PC Janifer and William Lighten New Residential College Theater Project 250,000
    YALE UNIVERSITY
    PO BOX 208239
    NEW HAVEN,CT06520     		N/A PC Lighten Scholarship Fund at Yale for 1st Generation Urban Youth 60,000
    Total .................................bullet 3a 360,000
    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 85  
    4 Dividends and interest from securities....     14 83,721  
    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 ............     		    18 267,164  
    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)..   350,970  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    350,970
    (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

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

    TY 2020 DepreciationSchedule
    Name:
    Lighten Family Foundation
    EIN:
    20-8069108
    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:
    Lighten Family Foundation
    EIN:
    20-8069108
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE PLC 42,159 79,147
    ACUSHNET HOLDINGS CORP 12,696 20,432
    ADOBE SYSTEMS, INC 6,804 25,506
    ADYEN N.V. 13,782 16,843
    AIA GROUP LTD ADR 24,473 33,556
    ALCON INC 16,545 18,738
    ALPHABET INC CL A 34,803 61,342
    AMADEUS IT HLDS SA 19,569 19,086
    AMAZON COM 43,045 78,166
    AMERICAN ELECTRIC POWER INC 8,737 8,160
    AMERICAN TOWER REIT INC 10,761 14,365
    AMERIPRISE FINANCIAL INC 14,574 20,793
    AMGEN INC 18,114 17,934
    AON PLC CL A 12,198 12,465
    APPLE INC 42,719 49,361
    APTAR GROUP INC 4,808 8,487
    ARTISAN PARTNERS ASSET MANAGEM 6,888 12,736
    ASML HOLDING NV NY REG SHS 12,015 33,653
    ASPEN TECHNOLOGY, INC 8,462 24,227
    AT HOME CORP 9,126 35,764
    ATLAS COPCO AB A SHS ADR 16,204 19,155
    ATRION CORPORATION 11,310 8,349
    BLACKROCK INC 12,596 18,760
    CANADIAN PACIFIC RAILWAY LTD 16,124 31,202
    CHUBB LIMITED 17,307 21,549
    CISCO SYSTEMS INC 20,566 20,451
    COMCAST CORP 33,270 47,108
    COMMUNICAT SVS SLCT SEC SPDR E 17,244 24,158
    CONSUMER DISCRETIONARY SELECT 10,984 16,721
    COSTCO WHOLESALE CORPORATION 5,353 8,666
    CRANE CO 7,734 8,853
    CSL LTD 18,518 31,393
    DANAHER CORP 8,786 18,215
    DIAGEO PLC ADS 12,390 15,246
    DOLLAR GENERAL CORP 8,969 10,305
    DONALDSON CO. INC 5,759 8,550
    DRIL QUIP INC 13,304 7,494
    DSV UNSP ADR EACH REPR 0.5 ORD 11,519 24,702
    EMCOR GROUP INC 18,754 24,969
    ESTEE LAUDER COMPANIES INC 5,248 8,784
    EXPERIAN GROUP LTD S/ADR 16,424 28,166
    FACEBOOK INC 33,258 54,086
    FACTSET RESH SYST INC 9,865 19,285
    FEDERATED INSTI HIGH YIELD BD 57,406 73,112
    FERRARI NV 10,127 15,148
    FIDELITY NATIONAL INFORMATION 16,677 17,683
    FIRST HAWAIIAN INC 26,967 26,763
    FIRST TRUST DOW JONES INTERNET 10,243 17,615
    FTI CONSULTING INC 21,580 23,573
    GLOBAL X FINTECH 13,742 15,788
    GRACO INC 10,802 27,348
    HDFC BANK LTD ADR 19,898 27,170
    HENRY JACK & ASSOC INC 6,301 11,501
    HOME DEPOT INC 23,562 41,968
    HONEYWELL INTL 10,977 16,378
    ICON PLC - AMERICAN DEPOSITARY 6,789 10,919
    IHS MARKIT LTD 10,323 10,061
    INTEL CORP 15,764 20,277
    INTERCONTINENTAL EXCHANGE, INC 7,783 13,143
    INVESCO EMERGING MARKETS SOVER 43,562 55,748
    INVESCO S&P SMALLCAP INFORMATI 12,693 18,739
    INVESCO SENIOR LOAN ETF 98,169 104,269
    INVESCO VARIABLE RATE PREFERRE 34,596 45,776
    ISHARE MSCI EMU INDX 20,223 20,365
    ISHARE SP SMALL CAP 600 INDEX 14,297 23,618
    ISHARES BARCLAYS MBS BOND FUND 63,836 63,325
    ISHARES BROAD USD INV GRD CORP 145,091 153,499
    ISHARES CORE MSCI EMERGING MAR 54,704 63,343
    ISHARES DJ US HCIF 12,120 15,233
    ISHARES DJ US HCPIF 14,551 19,713
    ISHARES JP MORGAN USD EM MKTS 64,845 71,980
    ISHARES MSCI USA QUALITY FACTO 19,591 26,031
    ISHARES RUSSELL MIDCAP VALUE 11,989 17,938
    ISHARES S&P U.S. PREFERRED STO 34,623 46,405
    ISHARES TRUST MSCI EAFE INDEX 66,321 90,469
    ISHARES TRUST RUSSELL 1000 GRO 43,373 86,809
    JOHNSON & JOHNSON 20,751 24,551
    JP MORGAN CHASE 16,792 20,458
    JP MORGAN ULTRA SHORT INCOME E 7,932 8,076
    LINDE PLC COM 14,621 22,398
    LOCKHEED MARTIN CORP 12,416 15,264
    LONZA GROUP AG UNSP/ADR 18,531 19,288
    LOWES COMPANIES INC 7,593 15,730
    LULULEMON ATHLETICA INC 13,562 21,578
    LVMH MOET HENN UNSP 14,589 30,185
    MANHATTAN ASSOCIATES INC 9,954 20,405
    MARSH AND MCLENNAN COMPANIES I 9,663 18,603
    MCDONALD'S CORP 14,552 21,029
    MEDTRONIC PLC 35,751 47,442
    MERCADOLIBRE, INC 16,311 41,881
    METTLER-TOLEDO INTL 9,480 18,235
    MICROSOFT CORP 52,827 124,999
    MOELIS AND COMPANY 15,921 16,600
    MONDELEZ INTERNATIONAL INC 9,029 11,519
    NESTLE S.A 14,776 21,675
    NEXTERA ENERGY, INC 7,353 12,035
    NOVARTIS AG ADR 14,607 17,375
    O'REILLY AUTOMOTIVE INC 10,008 17,198
    PARKER HANNIFIN CP 12,819 18,524
    PERNOD-RECARD SA 12,905 14,803
    POOL CORP 10,073 34,643
    PRICESMART, INC 12,037 13,481
    PRIMERICA, INC 11,780 28,259
    PROCTER GAMBLE CO 17,647 22,819
    R L I CP 10,089 13,956
    RAYTHEON TECHNOLOGIES CORP 8,458 10,369
    RBC BEARINGS INCORPORATED 6,530 14,860
    REPUBLIC SVCS INC 7,351 10,304
    RESMED INC 13,235 26,570
    RIGHTMOVE PLC ADR 18,045 27,978
    ROCKWELL AUTOMATION INC 12,039 22,071
    SALESFORCE.COM 15,819 18,025
    SCHWAB US TIPS 42,009 44,139
    SELECT SECTOR SPDR ENERGY FUND 18,750 21,830
    SHERWIN-WILLIAMS CO 10,683 13,963
    SHOPIFY INC 2,164 20,375
    SIKA AG BEARER SHS 11,958 17,591
    SIMPSON MANUFACTURING CO INC 14,096 19,251
    SMITH & NEPHEW PLC ADR 17,650 16,531
    SPDR BLOOMBERG BARCLAYS HYB ET 64,646 72,118
    SPDR S&P 500 ETF TRUST 57,517 75,524
    STERIS PLC 10,845 17,248
    TAIWAN SEMICONDUCTOR MFG CO LT 17,511 42,417
    TECHNOLOGY SPDR 11,956 20,023
    TELEDYNE TECH INC 11,115 40,374
    TENCENT HOLDINGS LIMITED 13,869 19,842
    TEXAS INSTRUMENTS INC 15,974 23,306
    THE COCA-COLA CO 22,587 27,201
    THERMO FISHER SCIENTIFIC INC 9,943 24,221
    TJX COMPANIES INC 16,835 25,882
    TORO CO 15,241 23,900
    TRUIST FINANCIAL CORPORATION 9,457 9,874
    UNION PACIFIC 13,489 21,863
    UNITED PARCEL SERVICE 11,912 11,788
    UNITEDHEALTH GROUP INC 24,265 36,471
    V F CORP 14,241 19,388
    VANECK VECTOR JPMORGAN EM LOCA 48,778 56,060
    VANECK VECTORS HIGH-YIELD MUNI 20,869 21,231
    VANGUARD FTSE DEVELOPED MARKET 17,317 18,176
    VANGUARD FTSE EMERGING MARKETS 31,865 47,955
    VANGUARD GOVT BOND ETF INTERME 39,443 38,806
    VANGUARD LT GOV BOND ETF 36,991 35,948
    VANGUARD MID-CAP GROWTH ETF 10,505 21,207
    VANGUARD SHOR-TERM GOV BOND 31,817 31,478
    VANGUARD SHORT TERM CORPORATE 51,064 53,530
    VANGUARD VALUE ETF 49,073 65,190
    VISA INC 13,052 28,435
    WATTS WATER TECHNOLOGIES INC 16,496 20,689

    TY 2020 InvestmentsOtherSchedule2
    Name:
    Lighten Family Foundation
    EIN:
    20-8069108
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SKYBRIDGE MULT-ADVISOR HEDGE F   266,642 238,975

    TY 2020 OtherExpensesSchedule
    Name:
    Lighten Family Foundation
    EIN:
    20-8069108
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 15,000     15,000
    Bank Charges 581 581    
    State or Local Filing Fees 25     25


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Lighten Family Foundation
    EIN:
    20-8069108
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 35,861 35,861    


    TY 2020 TaxesSchedule
    Name:
    Lighten Family Foundation
    EIN:
    20-8069108
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Tax Paid 1,093 1,093