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
HUBBELL-WATERMAN FNDN
 
Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118
A Employer identification number

42-6126467
B Telephone number (see instructions)

(888) 730-4933
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$39,684,876J 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) 338,430
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 500,804 490,280  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -557,504
b Gross sales price for all assets on line 6a 6,549,893
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 88,363 85,950  
12 Total. Add lines 1 through 11........ 370,093 576,230  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 139,092 111,274   27,818
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 49,556 0 0 49,556
b Accounting fees (attach schedule)....... Click to see attachment 1,554 0 0 1,554
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 15,813 15,813   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 94,967 65,201   28,027
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 300,982 192,288 0 106,955
25 Contributions, gifts, grants paid....... 1,580,250 1,580,250
26 Total expenses and disbursements. Add lines 24 and 25 1,881,232 192,288 0 1,687,205
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,511,139
b Net investment income (if negative, enter -0-) 383,942
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 39,847 52,582 52,582
2 Savings and temporary cash investments......... 1,306,855 639,883 639,883
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......   Click to see attachment3,513,160 12,482,949
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).......... 26,489,595 Click to see attachment22,143,567 26,509,462
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) 27,836,297 26,349,192 39,684,876
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
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........ 27,836,297 26,349,192
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 27,836,297 26,349,192
30 Total liabilities and net assets/fund balances (see instructions). 27,836,297 26,349,192
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
27,836,297
2
Enter amount from Part I, line 27a .....................
2
-1,511,139
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
44,562
4
Add lines 1, 2, and 3 ..........................
4
26,369,720
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
20,528
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
26,349,192
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 1700. BRISTOL-MYERS SQUIBB-CVR 3/31/21   2019-11-21 2020-02-11
b 33524.904 BLACKROCK GL L/S CREDIT-K #1940   2018-03-13 2020-04-02
c 28505.724 MERGER FUND-INST #301   2011-07-28 2020-04-02
d 65517.995 BOSTON P LNG/SHRT RES-INS 7015   2014-08-01 2020-04-02
e 17048.298 WF ABSOLUTE RETURN FUND INS-3168   2014-11-26 2020-04-02
31276.119 DODGE & COX INT'L STOCK FD #1048   2018-01-29 2020-04-30
13000. ISHARES EUROPE ETF   2014-11-26 2020-04-30
13500. DODGE & COX INT'L STOCK FD #1048   2018-01-29 2020-05-19
17000. ISHARES EUROPE ETF   2014-11-26 2020-05-19
13954.498 PIMCO HIGH YIELD FD-INST #108   2019-07-29 2020-05-19
36045.502 PIMCO HIGH YIELD FD-INST #108   2012-01-11 2020-05-19
16712.076 JPMORGAN MID CAP VALUE-R6 #2335   2012-01-11 2020-07-06
557. SNAP INC   2016-05-06 2020-07-06
4200. TJX COMPANIES INC   2011-07-28 2020-07-06
261. SNAP INC   2016-05-06 2020-07-28
12000. ISHARES EDGE MSCI MF EM MKT ETF   2019-03-26 2020-09-30
279. SNAP INC   2016-05-06 2020-11-23
400. VONTIER CORP   2005-04-18 2020-12-30
1. CERBERUS GLBL NPL FEEDER FUND   2000-01-01 2020-12-31
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 5,440   3,910 1,530
b 305,412   350,000 -44,588
c 474,620   450,000 24,620
d 841,906   1,001,279 -159,373
e 159,913   195,373 -35,460
1,019,289   1,571,625 -552,336
483,069   598,106 -115,037
434,970   678,375 -243,405
633,297   732,787 -99,490
115,543   124,155 -8,612
298,457   318,569 -20,112
538,630   495,721 42,909
13,159   8,556 4,603
219,630   58,087 161,543
5,920   4,009 1,911
526,226   510,856 15,370
12,772   4,285 8,487
13,093   1,703 11,390
5,239   1 5,238
      443,308
      443,308
      443,308
      443,308
      443,308
      443,308
      443,308
      443,308
      443,308
      443,308
      443,308
      443,308
      443,308
      443,308
      443,308
      443,308
      443,308
      443,308
      443,308
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       1,530
b       -44,588
c       24,620
d       -159,373
e       -35,460
      -552,336
      -115,037
      -243,405
      -99,490
      -8,612
      -20,112
      42,909
      4,603
      161,543
      1,911
      15,370
      8,487
      11,390
      5,238
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 -557,504
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 5,337
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 5,337
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 5,337
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 16,696
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 16,696
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 11,359
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet5,340 RefundedBullet 11 6,019
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)
    bulletIA
    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 addressbulletwww.hubbellwaterman.org
    14
    The books are in care ofbulletWELLS FARGO BANK NA Telephone no.bullet (888) 730-4933

    Located atbullet100 N MAIN ST MAC D4001-117WINSTON SALEMNC ZIP+4bullet27101
    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
    Yes
     
    ........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
    Yes
     
    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
    Yes
     
    .........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
    WELLS FARGO BANK N A TRUSTEE
    1     		139,092    
    100 N MAIN ST MAC D4001-117
    WINSTON SALEM,NC27101
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    33,783,941
    b
    Average of monthly cash balances.......................
    1b
    1,150,132
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    34,934,073
    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
    34,934,073
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    524,011
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    34,410,062
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,720,503
    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
    1,720,503
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    5,337
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,337
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,715,166
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,715,166
    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
    1,715,166
    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
    1,687,205
    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
    1,687,205
    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
    1,687,205
    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 1,715,166
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 78,787
    d From 2018...... 0
    e From 2019...... 152,363
    fTotal of lines 3a through e........ 231,150
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,687,205
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 1,687,205
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 27,961 27,961
    (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 5 203,189
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		203,189
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 50,826
    c Excess from 2018.... 0
    d Excess from 2019.... 152,363
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    WQPT EDUCATION AND OUTREACH
    3300 RIVER DR
    MOLINE,IL61265     		NONE PC GENERAL OPERATING 50,000
    OPERA QUAD CITIES
    2427 32ND AVE
    MOLINE,IL61265     		NONE PC GENERAL OPERATING 10,000
    BALLET QUAD CITIES
    617 17TH ST
    ROCK ISLAND,IL61201     		NONE PC GENERAL OPERATING 30,000
    COMMUNITY HOUSING SERVICES
    710 CHARLOTTE AVE
    DAVENPORT,IA52804     		NONE PC GENERAL OPERATING 5,000
    ONE EIGHTY
    601 N MARQUETTE ST
    DAVENPORT,IA52802     		NONE PC GENERAL OPERATING 15,000
    CHILDREN'S THERAPY CENTER OF THE
    QUAD CITIES NFP
    4450 48TH AVENUE CT
    ROCK ISLAND,IL61201     		NONE PC GENERAL OPERATING 10,000
    CHILD ABUSE COUNCIL
    524 15TH ST
    MOLINE,IL612652151     		NONE PC GENERAL OPERATING 10,000
    QUAD CITY BOTANICAL CENTER FOUNDATION
    2525 4TH AVE
    ROCK ISLAND,IL61201     		NONE PC GENERAL OPERATING 20,000
    BOYS & GIRLS CLUBS OF MISSISSIPPI VALLEY
    338 6TH ST
    MOLINE,IL612651160     		NONE PC GENERAL OPERATING 20,000
    PUTNAM MUSEUM AND SCIENCES CENTER
    1717 W 12TH ST
    DAVENPORT,IA52804     		NONE PC GENERAL OPERATING 35,000
    SCOTT COUNTY FAMILY Y
    606 W 2ND ST
    DAVENPORT,IA52801     		NONE PC GENERAL OPERATING 120,000
    FRIENDLY HOUSE OF DAVENPORT IOWA
    1221 MYRTLE ST
    DAVENPORT,IA52804     		NONE PC GENERAL OPERATING 60,000
    BIX BEIDERBECKE MEMORIAL SOCIETY
    102 N HARRISON ST 201
    DAVENPORT,IA52801     		NONE PC GENERAL OPERATING 5,000
    GIRL SCOUTS OF EASTERN IOWA
    AND WESTERN ILLINOIS INC
    940 GOLDEN VALLEY DR
    BETTENDORF,IA52722     		NONE PC GENERAL OPERATING 20,000
    IOWA LEGAL AID
    1111 9TH ST STE 230
    DES MOINES,IA503142527     		NONE PC GENERAL OPERATING 27,500
    FRIENDS OF THE DAVENPORT PUBLIC LIBRARY
    321 N MAIN ST
    DAVENPORT,IA528011409     		NONE PC GENERAL OPERATING 30,000
    ALTERNATIVES FOR THE OLDER ADULT INC
    1803 7TH ST
    MOLINE,IL612653728     		NONE PC GENERAL OPERATING 25,000
    BIG BROTHERS BIG SISTERS OF THE
    130 WEST 5TH STREET
    DAVENPORT,IA52801     		NONE PC GENERAL OPERATING 20,000
    FRIENDS OF IOWA CASA AND ICFCRB
    321 EAST 12TH ST
    DES MOINES,IA503191002     		NONE PC GENERAL OPERATING 10,000
    IOWA JAG INC
    1111 9TH ST
    DES MOINES,IA503142527     		NONE PC GENERAL OPERATING 35,000
    RIVER MUSIC EXPERIENCE
    129 N MAIN ST
    DAVENPORT,IA528011808     		NONE PC GENERAL OPERATING 30,000
    CAFE ON VINE
    PO BOX 3375
    DAVENPORT,IA52808     		NONE PC GENERAL OPERATING 5,000
    SPRING FORWARD LEARNING CENTER
    2101 6TH AVE
    ROCK ISLAND,IL61201     		NONE PC GENERAL OPERATING 15,000
    UNITY HOUSE OF DAVENPORT INC
    2341 E PLEASANT ST
    DAVENPORT,IA52803     		NONE PC GENERAL OPERATING 5,000
    EASTERN IOWA COMMUNITY COLLEGE
    101 W 3RD ST
    DAVENPORT,IA52801     		NONE PC SCHOLARSHIPS 100,000
    CLOCK INC
    324-24TH ST
    ROCK ISLAND,IL612010000     		NONE PC GENERAL OPERATING 20,000
    QUAD CITIES GOLF CLASSIC CHARITABLE
    15623 COALTOWN RD
    EAST MOLINE,IL61244     		NONE PC GENERAL OPERATING 847,750
    Total .................................bullet 3a 1,580,250
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 500,804  
    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 -557,504  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL TAX REFUND     		    1 5,000  
    bOTHER INCOME     1 2,667  
    cPARTNERSHIP INCOME 900099 -2,587 1 83,283  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -2,587 34,250  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    31,663
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    HUBBELL-WATERMAN FNDN
     
    Employer identification number

    42-6126467
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    HUBBELL-WATERMAN FNDN
          		Employer identification number
    42-6126467
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    WATERMAN MARY H - CLUT 1
    WELLS FARGO BANK
    6325 S RAINBOW BLVD STE 300
     
    LAS VEGAS, NV89118

    		$ 133,567


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    WATERMAN MARY H - CLUT 2
    WELLS FARGO BANK
    6325 S RAINBOW BLVD STE 300
     
    LAS VEGAS, NV89118

    		$ 204,863


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    HUBBELL-WATERMAN FNDN
          		Employer identification number

    42-6126467
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    HUBBELL-WATERMAN FNDN
          		Employer identification number

    42-6126467
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    HUBBELL-WATERMAN FNDN
    EIN:
    42-6126467
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,554     1,554

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    TY 2020 DepreciationSchedule
    Name:
    HUBBELL-WATERMAN FNDN
    EIN:
    42-6126467
    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
    COMPUTER SOFTWARE 2018-08-15 9,700 2,156 M3 3        

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    HUBBELL-WATERMAN FNDN
    EIN:
    42-6126467
    Name of Stock End of Year Book Value End of Year Fair Market Value
    91324P102 UNITEDHEALTH GROUP I 58,604 561,088
    110122108 BRISTOL MYERS SQUIBB 95,897 105,451
    907818108 UNION PACIFIC CORP 85,606 416,440
    20030N101 COMCAST CORP CLASS A 48,199 288,200
    38141G104 GOLDMAN SACHS GROUP 61,689 164,819
    231021106 CUMMINS INC. 168,903 340,650
    594918104 MICROSOFT CORP 129,025 689,502
    02079K107 ALPHABET INC CL C 58,632 306,579
    928881101 VONTIER CORP 1,703 13,360
    902973304 US BANCORP 108,312 165,395
    46625H100 JPMORGAN CHASE & CO 129,294 419,331
    25243Q205 DIAGEO PLC - ADR 182,044 317,620
    03524A108 ANHEUSER-BUSCH INBEV 84,155 97,874
    883556102 THERMO FISHER SCIENT 63,282 558,936
    166764100 CHEVRON CORP 128,761 168,900
    254687106 WALT DISNEY CO 46,059 326,124
    89151E109 TOTAL S.A. - ADR 191,377 146,685
    084670702 BERKSHIRE HATHAWAY I 251,425 579,675
    191216100 COCA COLA CO 135,975 191,940
    375558103 GILEAD SCIENCES INC 87,804 139,824
    023135106 AMAZON COM INC COM 215,234 1,139,926
    437076102 HOME DEPOT INC 127,020 265,620
    697435105 PALO ALTO NETWORKS I 127,504 355,390
    037833100 APPLE INC 41,940 1,433,052
    911312106 UNITED PARCEL SERVIC 85,200 193,660
    097023105 BOEING CO 56,022 235,466
    126650100 CVS HEALTH CORPORATI 98,228 170,750
    92826C839 VISA INC-CLASS A SHR 45,043 678,063
    09247X101 BLACKROCK INC 162,944 324,693
    34959J108 FORTIVE CORP 9,868 70,820
    G29183103 EATON CORP PLC 90,784 192,224
    235851102 DANAHER CORP 37,190 444,280
    150870103 CELANESE CORP 113,966 324,850
    17275R102 CISCO SYSTEMS INC 126,438 349,050
    02079K305 ALPHABET INC CL A 59,033 306,712

    TY 2020 InvestmentsOtherSchedule2
    Name:
    HUBBELL-WATERMAN FNDN
    EIN:
    42-6126467
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    46432F842 ISHARES CORE MSCI EA AT COST 3,059,027 3,281,775
    89151E109 TOTAL FINA ELF S.A.      
    7HF990041 INSTITUTIONAL VENTUR AT COST 755,169 1,484,238
    412295107 HARDING LOEVNER INTL AT COST 600,000 730,563
    92826C839 VISA INC-CLASS A SHR      
    883556102 THERMO FISHER SCIENT      
    91324P102 UNITEDHEALTH GROUP I      
    589509207 MERGER FUND-INST #30      
    7HC990350 STRATEGIC VALUE SER AT COST 250,000 305,103
    464287861 ISHARES S&P EUROPE 3      
    09260C703 BLACKROCK GL L/S CRE      
    339128100 JP MORGAN MID CAP VA      
    084670702 BERSHIRE HATHAWAY IN      
    7HF990054 CRG PARTNERS III-PAR AT COST 396,436 390,872
    7HF990164 PARTNERS GROUP RE SE AT COST 119,742 138,361
    097023105 BOEING COMPANY      
    38141G104 GOLDMAN SACHS GROUP      
    04314H402 ARTISAN INTERNATIONA AT COST 1,105,000 1,548,755
    46625H100 JPMORGAN CHASE & CO      
    902973304 US BANCORP DEL NEW      
    03524A108 ANHEUSER-BUSCH INBEV      
    166764100 CHEVRON CORP      
    231021106 CUMMINS INC.      
    235851102 DANAHER CORP      
    25243Q205 DIAGEO PLC - ADR      
    254687106 WALT DISNEY CO      
    375558103 GILEAD SCIENCES INC      
    191216100 COCA COLA CO      
    7HF990169 FRANCISCO PARTNERS V AT COST 197,380 192,693
    594918104 MICROSOFT CORP      
    872540109 TJX COS INC NEW      
    09247X101 BLACKROCK INC      
    34959J108 FORTIVE CORP      
    150870103 CELANESE CORP      
    7HF990162 PORTFOLIO ADV SECOND AT COST 177,517 208,511
    7HF990173 ARROWMARK GLOBAL OPP AT COST 643,692 666,450
    G29183103 EATON CORP PLC      
    NT7715271 LUNA LIGHTS, INC. 4% AT COST 24,219 24,219
    023135106 AMAZON COM INC      
    17275R102 CISCO SYSTEMS INC      
    7HF99HA12 HAYFIN DIRECT LENDIN AT COST 14,651 14,262
    693390841 PIMCO HIGH YIELD FD-      
    907818108 UNION PACIFIC CORP      
    02079K107 ALPHABET INC/CA      
    126650100 CVS/CAREMARK CORPORA      
    911312106 UNITED PARCEL SERVIC      
    922908553 VANGUARD REAL ESTATE AT COST 359,151 594,510
    037833100 APPLE COMPUTER INC C      
    437076102 HOME DEPOT INC      
    7HF990212 RESOURCE CAPITAL FUN AT COST 73,485 88,378
    7HC991395 LAZARD EMERGING OFFS AT COST 250,000 244,409
    256206103 DODGE & COX INT'L ST      
    02079K305 ALPHABET INC/CA      
    697435105 PALO ALTO NETWORKS I      
    74925K581 ROBECO BP LNG/SHRT R      
    94987W737 WFA ABSOLUTE RETURN      
    20030N101 COMCAST CORP CLASS A      
    7HF990094 ORBIMED ISRAEL PARTN AT COST 217,568 215,910
    921937603 VANGUARD TOTL BD MKT AT COST 3,461,665 3,660,647
    110122157 BRISTOL-MYERS SQUIBB      
    0075W0759 EDGEWOOD GROWTH INST AT COST 2,056,916 2,715,007
    110122108 BRISTOL MYERS SQUIBB      
    557492485 MADISON MID CAP FUND AT COST 1,018,188 1,402,167
    7HF990252 CERBERUS GLBL NPL FE AT COST   131,815
    46434G889 ISHARES EDGE MSCI MF AT COST 1,617,709 1,866,940
    7HF990175 FRAZIER HLTHCARE GRO AT COST 167,417 190,733
    92828N528 VIRTUS SMALL-MID CAP      
    56166Y636 COHO REL VALUE EQUIT AT COST 1,611,548 1,794,610
    464287200 ISHARES CORE S & P 5 AT COST 987,148 1,182,479
    7HF990313 RRG SUSTAINABLE WATE AT COST 42,472 37,597
    92828N429 VIRTUS KAR SMALL-CAP AT COST 2,098,921 2,509,071
    74256W485 PRINCIPAL PREFERRED AT COST 817,989 868,830
    7HF990323 PORT ADV SECONDARY F AT COST 20,557 20,557

    TY 2020 LegalFeesSchedule
    Name:
    HUBBELL-WATERMAN FNDN
    EIN:
    42-6126467
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - PRINCIPAL (ALLOCA 42,806     42,806
    LEGAL FEES - INCOME (ALLOCABLE 6,750     6,750


    TY 2020 OtherDecreasesSchedule
    Name:
    HUBBELL-WATERMAN FNDN
    EIN:
    42-6126467
    Description Amount
    CY PENDING SALES ADJ 11,390
    PY RETURN OF CAPITAL ADJ 9,138


    TY 2020 OtherExpensesSchedule
    Name:
    HUBBELL-WATERMAN FNDN
    EIN:
    42-6126467
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT EXPENSES - ADR FEES 326 326   0
    OTHER ADMINISTRATIVE EXPENSE 28,027 0   28,027
    PARTNERSHIP EXPENSES 66,614 64,875   0


    TY 2020 OtherIncomeSchedule2
    Name:
    HUBBELL-WATERMAN FNDN
    EIN:
    42-6126467
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 5,000 0  
    OTHER INCOME 2,667 2,667  
    PARTNERSHIP INCOME 80,696 83,283  


    TY 2020 OtherIncreasesSchedule
    Name:
    HUBBELL-WATERMAN FNDN
    EIN:
    42-6126467
    Description Amount
    MUTUAL FUND TIMING ADJ 3,937
    COST BASIS ADJUSTMENT 40,625


    TY 2020 TaxesSchedule
    Name:
    HUBBELL-WATERMAN FNDN
    EIN:
    42-6126467
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 12,944 12,944   0
    FOREIGN TAXES ON NONQUALIFIED 2,869 2,869   0