Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE POETRY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)61 WEST SUPERIOR ST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60654
A Employer identification number

36-2490808
B Telephone number (see instructions)

(312) 799-8003
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$318,586,692J 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) 134,945
2 Check bullet.............
3 Interest on savings and temporary cash investments   13,141  
4 Dividends and interest from securities... 4,830,363 4,629,592 4,830,363
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,791,523
b Gross sales price for all assets on line 6a 20,087,186
7 Capital gain net income (from Part IV, line 2)... 9,159,149
8 Net short-term capital gain......... 1,800,259
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 721,780 269,313 991,093
12 Total. Add lines 1 through 11........ 14,478,611 14,071,195 7,621,715
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 601,103 50,677 0 550,426
14 Other employee salaries and wages...... 2,405,305 12,875 115,695 3,212,077
15 Pension plans, employee benefits....... 682,582 9,209 11,570 631,550
16a Legal fees (attach schedule)......... Click to see attachment 126,249 0 0 126,249
b Accounting fees (attach schedule)....... Click to see attachment 67,700 0 0 67,700
c Other professional fees (attach schedule).... Click to see attachment 590,260 367,886 94,460 482,685
17 Interest............... 1,283,407 0 0 436,000
18 Taxes (attach schedule) (see instructions)... Click to see attachment 210,448 7,128 8,851 194,470
19 Depreciation (attach schedule) and depletion... Click to see attachment 973,729 12,195 8,197
20 Occupancy.............. 32,921 0 0 32,921
21 Travel, conferences, and meetings....... 22,455 0 0 22,455
22 Printing and publications.......... 670,234 0 189,274 522,932
23 Other expenses (attach schedule)....... Click to see attachment 2,822,662 114,705 293,735 2,619,505
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 10,489,055 574,675 721,782 8,898,970
25 Contributions, gifts, grants paid....... 1,266,603 1,266,603
26 Total expenses and disbursements. Add lines 24 and 25 11,755,658 574,675 721,782 10,165,573
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,722,953
b Net investment income (if negative, enter -0-) 13,496,520
c Adjusted net income (if negative, enter -0-)... 6,899,933
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............. 1,378,446 1,011,281 1,011,281
2 Savings and temporary cash investments......... 34,138 442,986 442,986
3 Accounts receivable bullet75,428
Less: allowance for doubtful accounts bullet1,611 78,136 73,817 73,817
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.......... 595,757 506,632 506,632
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 170,819,938 Click to see attachment189,329,886 189,329,886
c Investments—corporate bonds (attach schedule)....... 41,722,319 Click to see attachment31,555,438 31,555,438
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 56,310,744 Click to see attachment73,659,524 73,659,524
14 Land, buildings, and equipment: basis bullet25,435,610
Less: accumulated depreciation (attach schedule) bullet8,044,756 18,468,329 Click to see attachment17,390,854 17,284,937
15 Other assets (describe bullet) Click to see attachment4,746,075 Click to see attachment4,722,191 Click to see attachment4,722,191
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 294,153,882 318,692,609 318,586,692
Liabilities 17 Accounts payable and accrued expenses.......... 312,078 478,878
18 Grants payable................. 222,024  
19 Deferred revenue................. 613,365 703,212
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 12,356,074 12,306,662
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 13,503,541 13,488,752
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........... 274,159,393 298,578,556
25 Net assets with donor restrictions............ 6,490,948 6,625,301
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    
29 Total net assets or fund balances (see instructions)..... 280,650,341 305,203,857
30 Total liabilities and net assets/fund balances (see instructions). 294,153,882 318,692,609
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
280,650,341
2
Enter amount from Part I, line 27a .....................
2
2,722,953
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
21,908,792
4
Add lines 1, 2, and 3 ..........................
4
305,282,086
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
78,229
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
305,203,857
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 VANGUARD   2019-01-01 2020-12-31
b BAIRD   2019-01-01 2020-12-31
c SEIX FUND   2019-01-01 2020-12-31
d ING GLOBAL BOND FUNDS   2019-01-01 2020-12-31
e PRIVATE EQUITY INVESTMENTS P 2019-01-01 2020-12-31
CAPITAL GAINS DIVIDENDS P 2020-01-01 2020-12-31
PRIVATE EQUITY INVESTMENTS P 2020-01-01 2020-12-31
K1 SALES P 2019-01-01 2020-12-31
(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 12,000,000   5,567,103 6,432,897
b 500,000   269,645 230,355
c 307     307
d 566     566
e 5,782,749   4,949,157 833,592
1,803,564     1,803,564
    3,305 -3,305
    138,827 -138,827
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       6,432,897
b       230,355
c       307
d       566
e       833,592
      1,803,564
      -3,305
      -138,827
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 9,159,149
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 1,800,259
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: 2008-08-01(attach copy of letter if necessary–see instructions)
b Reserved................................ 1 N/A
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 0
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 0
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletIL, CA, NY
    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
    Yes
     
    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.POETRYFOUNDATION.ORG
    14
    The books are in care ofbulletLARRY MANGAN Telephone no.bullet (312) 787-7070

    Located atbullet61 WEST SUPERIOR STCHICAGOIL ZIP+4bullet60654
    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
     
    No
    ........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
    HENRY BIENEN PRESIDENT-THRU JUNE 2020
    35.00     		176,316 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60054
    CAREN SKOULAS CFO
    40.00     		173,540 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60054
    WILLARD BUNN CHAIR-THRU JUNE 2020
    2.00     		0 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60054
    KATHLEEN COUGHLIN CFO
    40.00     		251,247 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60054
    CAREN YANIS CHAIR
    20.00     		0 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60054
    BLYTHE MCGARVIE AUDIT CHAIR
    2.00     		0 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60054
    CECILIA CONRAD EQUITY OVERSIGHT CHAIR
    2.00     		0 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60054
    ANDREA WISHOM VICE CHAIR
    2.00     		0 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60054
    ALLY BULLEY TRUSTEE
    2.00     		0 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60054
    MARIAN GODFREY TRUSTEE
    2.00     		0 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60054
    EUGENE LOWE TRUSTEE
    2.00     		0 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60054
    KARY MCLLWAIN TRUSTEE
    2.00     		0 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60054
    STUART MILLER TRUSTEE
    2.00     		0 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60054
    SUSAN NOYES TRUSTEE
    2.00     		0 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60054
    DAVID ORMESHER TRUSTEE
    2.00     		0 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60054
    BRIAN PROVOST TRUSTEE
    2.00     		0 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60054
    SCOTT TUROW TRUSTEE
    2.00     		0 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60054
    ANGEL YSAGUIREE TRUSTEE
    2.00     		0 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60054
    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
    HARLAN WALLACH DIGITAL PROG DIR CTO
    35.00     		215,059 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60654
    SARAH WHITCHER MEDIA DIRECTOR
    40.00     		150,700 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60654
    YDALMI NORIEGA DIR COMMUNITY & FOUN
    40.00     		132,274 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60654
    LINDSAY GARBUTT MANAGING EDITOR
    40.00     		124,635 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60654
    FRED SASAKI ART DIRECTOR
    40.00     		117,595 0 0
    61 W SUPERIOR ST
    CHICAGO,IL60654
    Total number of other employees paid over $50,000...................bullet 18
    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
    THE SHERICAN PRESS INC PRINTING OF POETRY MAGAZINE 510,100
    PO BOX 419813
    BOSTON,MA02241
    TABLE XI PARTNERS LLC WEBSITE DEV TO SUPPORT DIGITAL POETRY PROG 310,719
    328 S JEFFERSON ST SUITE 670
    CHICAGO,IL60661
    ONE DESIGN COMPANY WEBSITE DEV TO SUPPORT DIGITAL POETRY PROG 241,126
    230 W SUPERIOR ST
    CHICAGO,IL60654
    PALM COAST DATA LLC WEBSITE DEV TO SUPPORT DIGITAL POETRY PROG 190,983
    PO BOX 1000 DEPT 996
    MEMPHIS,TN38148
    FLOWERS COMMUNICATION GROUP INC MARKETING AND CREATIVE DESIGN 147,000
    303 E WACKER DR 1000
    CHICAGO,IL60601
    Total number of others receiving over $50,000 for professional services.............bullet13
    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 POETRY PUBLIC PROGRAMS, EDUCATION, PRIZES AND AWARDSTHE FOUNDATION OFFERS AN ARRAY OF PROGRAMS TO EXPAND THE AUDIENCE FOR POETRY. IN EARLY 2020, THE FOUNDATION'S BUILDING WAS OPEN WEEKDAYS AND SELECT EXTENDED HOURS TO THE PUBLIC, INCLUDING A POETRY LIBRARY, EXHIBITION SPACE AND PERFORMANCE SPACE. IN THIS TIME WE HOSTED 67 IN-PERSON PROGRAMS INCLUDING READINGS, WORKSHOPS, AND FIELD TRIPS. IN MARCH, IN RESPONSE TO COVID-19, THE BUILDING CLOSED TO THE PUBLIC. STAFF PIVOTED TO PRESENT VIRTUAL PROGRAMS. THIS ALLOWED AUDIENCES AROUND THE WORLD TO TAKE PART IN OUR LIVE PROGRAMS. THE FOUNDATION PRESENTED 48 VIRTUAL EVENTS FOR YOUTH AND ADULTS, AND 93 ONLINE WORKSHOPS, AND A MULTI-DAY TEACHERS INSTITUTE. POETRY OUT LOUD, A NATIONAL HIGH SCHOOL RECITATION COMPETITION, COMPLETED ITS 16TH YEAR. WE AWARDED ANNUAL PRIZES, INCLUDING THE LILLY POETRY PRIZE AND FIVE LILLY-ROSENBERG FELLOWSHIPS. ALL IN-PERSON AND VIRTUAL PROGRAMS WERE FREE TO THE PUBLIC. 5,181,915
    2 POETRYFOUNDATION.ORG EXPANDS POETRY'S AUDIENCE BEYOND THE PAGE BY OFFERING A WIDE RANGE OF CONTENT THAT ENGAGES WITH THE ART FORM, INCLUDING THE LARGEST, FREE ONLINE ARCHIVE OF POETRY. THE WEBBY-AWARD-WINNING WEBSITE OFFERS ARTICLES, POETRY COLLECTIONS,SIX PODCASTS, OVER 45,000 POEMS, AND A FULL DIGITAL ARCHIVE OF POETRY MAGAZINE FREE TO READ.NEW CONTENT IS ADDED TO THE WEBSITE WEEKLY, INCLUDING FEATURES ON NEW POETRY COLLECTIONS, POETS BLOGGING ON A RANGE OF TOPICS, ARTICLES FOR EDUCATORS, AND POETRY FOR CHILDREN. IN 2020 OUR WEBSITE GREETED 4.5 MILLION AVERAGE MONTHLY WEB VISITORS. OUR NEWSLETTERS HAD OVER 115,000 SUBSCRIBERS. 2,384,813
    3 "POETRY" MAGAZINE (EXPENSE IS NET OF $721,780 PROGRAM REVENUE) ESTABLISHED IN 1912, POETRY MAGAZINE CONTINUES TO PRESENT THE BEST NEW POETRY WRITTEN BY DISTINGUISHED POETS, AND ALSO WORKS TO DISCOVER AND PRESENT EMERGING, NEW WRITERS WITH APPROXIMATELY 25% OF EACH ISSUE PUBLISHING A POET FOR THE FIRST TIME IN THE MAGAZINE. THE MAGAZINE ALSO FOCUSES ON CURRENT ISSUES RELATING TO POETRY IN THE CULTURE, AS WELL AS PRESENTING CRITICAL EXCHANGES, DEBATES, REVIEWS, AND SPECIAL FEATURES. IN 2020 THE MAGAZINE RECEIVED AND READ 154,000 POEM SUBMISSIONS AND 200 PROSE SUBMISSIONS, FROM WHICH IT PUBLISHED 438 POEMS AND 21 PROSE PIECES IN 10 ISSUES. CIRCULATION THIS YEAR EXCEEDED 25,000, WITH SUBSCRIBERS FROM 40 COUNTRIES. POETRY WAS RANKED NUMBER ONE IN THE 2020 PERPETUAL FOLLY LITERARY MAGAZINE RANKING FOR POETRY. 1,395,293
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    258,096,459
    b
    Average of monthly cash balances.......................
    1b
    1,232,096
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    259,328,555
    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
    259,328,555
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    3,889,928
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    255,438,627
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    12,771,931
    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
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    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
     
    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
    10,165,573
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    10,165,573
    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
    10,165,573
    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  
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$  
    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.....  
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		 
    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) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
    2008-08-01
    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
    6,899,933 5,811,634 5,372,318 4,840,777 22,924,662
    b 85% of line 2a ......... 5,864,943 4,939,889 4,566,470 4,114,660 19,485,963
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		10,165,573 10,285,104 8,780,810 8,717,824 37,949,311
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		1,266,603 735,854 556,765 648,717 3,207,939
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		8,898,970 9,549,250 8,224,045 8,069,107 34,741,372
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		8,514,621 8,373,585 8,307,685 7,653,479 32,849,370
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    YDALMI NORIEGA FOUNDATION COMMUNITY
    61 W SUPERIOR STREET
    CHICAGO,IL60654
    (312) 799-8008
    YNORIEGA@POETRYFOUNDATION.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    CONTACT THE ORGANIZAITON
    cAny submission deadlines:
    THERE ARE NO SUBMISSION DEADLINES. GRANT APPLICATIONS ARE REVIEWED YEAR ROUND ON A PERIODIC BASIS.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CONTACT THE ORGANIZATION
    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
    VERSE VIDEO EDUCATION INC
    207 FISHER AVENUE BROOKLINE MA
    02445
    BROOKLINE,MA02445     		  PC POETRY IN AMERICA SPONSORSHIP 100,000
    VIP ARTS HOUSTON
    19410 CLEVERA WLK LN HOUSTON TX
    77084
    HOUSTON,TX77084     		  PC COLONY SUMMIT SUPPORT 2,000
    NEAR SOUTH PLANNING BOARD
    2600 S MICHIGAN AVENUE SUITE LL-C
    CHICAGO IL 60616
    CHICAGO,IL60616     		  PC GENERAL OPERATING SUPPORT AND RENT FOR EXHIBITION TENT 25,000
    CHICAGO SHAKESPEARE THEATER
    800 EAST GRAND AVENUE CHICAGO IL
    60611
    CHICAGO,IL60611     		  PC SUPPORT FOR THE TAMING OF THE SHREW 50,000
    CHICAGO SHAKESPEARE THEATER
    800 EAST GRAND AVENUE CHICAGO IL
    60611
    CHICAGO,IL60611     		  PC SUPPORT FOR AS YOU LIKE IT 50,000
    SPLIT THIS ROCK INC
    1301 CONNECTICUT AVE NW SUITE 600
    WASHINGTON DC 20036
    WASHINGTON,DC02003     		  PC COMMITTED SUPPORT FOR THE 2020 STR FESTIVAL 10,000
    LITERARY ARTS INC
    925 SW WASHINGTON ST PORTLAND OR
    97205
    PORTLAND,OR97205     		  PC PORTLAND BOOK FESTIVAL 2020 10,000
    CHICAGO THEATRE GROUP INC
    170 N DEARBORN ST CHICAGO IL 60601
    CHICAGO,IL60601     		  PC THE OUTSIDERS SUPPORT 50,000
    ILLINOIS ARTS ALLIANCE FOUNDATION
    70 E LAKE ST SUITE 40 CHICAGO IL
    60601
    CHICAGO,IL60601     		  PC LUNCHEON TABLE 3,500
    ILLINOIS ARTS ALLIANCE FOUNDATION
    70 E LAKE ST SUITE 40 CHICAGO IL
    60601
    CHICAGO,IL60601     		  PC ARTS FOR ILLINOIS RELIEF FUND CONTRIBUTION 25,000
    READING BETWEEN THE LINES NFP
    5614 S DORCHESTER AVE CHICAGO IL
    60637
    CHICAGO,IL60637     		  PC POETRY PROGRAM GRANT FOR SOON TO BE RELEASED INMATES 10,000
    UNITED STATES ARTISTS INC
    200 WEST MADISON ST 3FL CHICAGO IL
    60606
    CHICAGO,IL60606     		  PC ARTIST RELIEF FUND CONTRIBUTION 250,000
    POETRY CENTER OF CHICAGO
    641 W LAKE ST STE 200 CHICAGO IL
    60661
    CHICAGO,IL60661     		  PC GRANT FOR CHICAGO POETRY CENTER HANDS ON STANZAS 15,000
    UNIVERSITY OF NEBRASKA
    2200 VINE STREET LINCOLN NE
    68583-0861
    LINCOLN,NE685830861     		  PC AMERICAN LIFE IN POETRY GRANT 21,103
    COMMUNITY BUILDING ART WORKS INC
    11140 ROCKVILLE PIKE 100-661
    ROCKVILLE MD 20852
    ROCKVILLE,MD20852     		  PC COMMUNITY BUILDING ART WORKS GRANT 10,000
    ILLINOIS ARTS ALLIANCE FOUNDATION
    70 E LAKE ST SUITE 40 CHICAGO IL
    60601
    CHICAGO,IL60601     		  PC ARTS FOR ILLINOIS RELIEF FUND SECOND CONTRIBUTION 225,000
    COURT THEATRE
    5535 S ELLIS AVENUE CHICAGO IL
    60637
    CHICAGO,IL60637     		  PC CONVERSION OF SECOND INSTALLMENT OEDIPUS GRANT 50,000
    PEN AMERICAN CENTER
    588 BROADWAY SUITE 303 NEW YORK NY
    10012
    NEW YORK,NY10012     		  PC CONVERSION OF PEN WORLD VOICES FESTIVAL PROGRAM FUNDS 25,000
    MASSACHUSETTS POETRY OUTREACH
    15 CHANNEL CENTER ST 103 BOSTON MA
    02210
    BOSTON,MA02210     		  PC EMERGENCY GRANT 10,000
    LAMBDA LITERARY FOUNDATION
    PO BOX 20186 NEW YORK NY 10014
    NEW YORK,NY10014     		  PC EMERGENCY GRANT 20,000
    POETRY SOCIETY OF AMERICA
    15 GRAMERCY PARK NEW YORK NY 10003
    NEW YORK,NY10003     		  PC EMERGENCY GRANT 20,000
    KUNDIMAN
    113 W 60TH STREET ROOM 924 NEW YORK
    NY 10023
    NEW YORK,NY10023     		  PC EMERGENCY GRANT 20,000
    ASIAN AMERICAN WRITER WORKSHOP
    112 WEST 27TH STREET 6TH FLOOR NEW
    YORK NY 10001
    NEW YORK,NY10001     		  PC EMERGENCY GRANT 20,000
    THE POETRY PROJECT LIMITED
    131 E 10TH STREET NEW YORK NY 10003
    NEW YORK,NY10003     		  PC EMERGENCY GRANT 20,000
    YOUTH SPEAKS INC
    1446 MARKET ST SAN FRANCISCO CA
    94102
    SAN FRANCISCO,CA94102     		  PC EMERGENCY GRANT 20,000
    URBAN WORD NYC
    PO BOX 1813 NEW YORK NY 10113
    NEW YORK,NY10113     		  PC EMERGENCY GRANT 20,000
    BEYOND BAROQUE FOUNDATION
    681 VENICE BOULEVARD VENICE CA
    90291
    VENICE,CA90291     		  PC EMERGENCY GRANT 20,000
    SPLIT THIS ROCK INC
    1301 CONNECTICUT AVE NW SUITE 600
    WASHINGTON DC 20036
    WASHINGTON,DC02003     		  PC EMERGENCY GRANT 10,000
    UNIVERSITY OF NOTRE DAME DU LAC
    CONTROLLERS OFFICE 724 GRACE HALL
    NOTRE DAME IN 46556
    NOTRE DAME,IN46556     		  PC EMERGENCY GRANT 15,000
    KENT STATE UNIVERSITY
    PO BOX 5190 KENT OH 44242
    KENT,OH44242     		  PC EMERGENCY GRANT 20,000
    ZOEGLOSSIA
    440 W LAS CRUCES AVE LAS CRUCES NM
    88005
    LAS CRUCES,NM88005     		  PC EMERGENCY GRANT 5,000
    WOODLAND PATTERN
    720 E LOCUST ST MILWAUKEE WI 53212
    MILWAUKEE,WI53212     		  PC EMERGENCY GRANT 15,000
    WOODLAND PATTERN
    720 E LOCUST ST MILWAUKEE WI 53212
    MILWAUKEE,WI53212     		  PC EMERGENCY GRANT 20,000
    UNIVERSITY OF ARIZONA FOUNDATION
    1111 N CHERRY AVE TUCSON AZ 85721
    TUCSON,AZ85721     		  PC EMERGENCY GRANT 20,000
    MASSACHUSETTS POETRY OUTREACH
    15 CHANNEL CENTER ST 103 BOSTON MA
    02210
    BOSTON,MA02210     		  PC GENERAL SUPPORT OF POETRY PROGRAMS 20,000
    UNIVERSITY OF ARIZONA FOUNDATION
    1111 N CHERRY AVE TUCSON AZ 85721
    TUCSON,AZ85721     		  PC EMERGENCY GRANT 20,000
    NORTHEASTERN ILL UNIV FOUNDATION
    5500 N ST LOUIS AVE CHICAGO IL
    60625
    CHICAGO,IL60625     		  PC PRISON AND NEIGHBORHOOD ARTS PROJECT 10,000
    UNIVERSITY OF WYNWOOD INC
    9825 NE 2ND AVE MIAMI SHORES FL
    33153
    MIAMI SHORES,FL33153     		  PC SUPPORT FOR 2020 POETRY FESTIVAL 10,000
    Total .................................bullet 3a 1,266,603
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aMAGAZINE SUBSCRIPTIONS         626,986
    bSINGLE COPY SALE INCOME         1,809
    cDISTRIBUTOR GROSS SALE INCOME         18,858
    dDIGITAL SUBSCRIPTIONS-EARNED         5,018
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14    
    4 Dividends and interest from securities....     14 4,817,603  
    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..... 525990 147,705 14    
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990 85,932 18 8,705,591  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aSALE OF MAIL LISTS     		    01 1,781  
    bMISC INCOME     01 47,119  
    cADVERTISING INCOME 541800 14,940      
    dROYALTY INCOME     15 5,269  
    e
    12 Subtotal. Add columns (b), (d), and (e).. 248,577 13,577,363 652,671
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    14,478,611
    (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.)
    1A SUPPORT DISTRIB OF MAGAZINE TO BRING POETRY TO LARGEST AUDIENCE
    1B SUPPORT DISTRIB OF MAGAZINE TO BRING POETRY TO LARGEST AUDIENCE
    1C SUPPORT DISTRIB OF MAGAZINE TO BRING POETRY TO LARGEST AUDIENCE
    1D SUPPORT DISTRIB OF MAGAZINE TO BRING POETRY TO LARGEST AUDIENCE
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE POETRY FOUNDATION
    EIN:
    36-2490808
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDIT 67,700 0 0 67,700

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

    TY 2020 DepreciationSchedule
    Name:
    THE POETRY FOUNDATION
    EIN:
    36-2490808
    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
    LAND   7,263,478   L   0 0 0  
    BUILDINGS   14,649,848 4,563,905 SL 39.000000000000 634,471 0 634,471  
    DIGITAL ASSETS   3,027,141 2,344,696 200DB 5.000000000000 292,898 0 292,898  
    EQUIPMENT   247,600 139,224 200DB 5.000000000000 24,389 0 24,389  
    BOOKS   247,543 129,119 200DB 5.000000000000 21,971 0 21,971  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE POETRY FOUNDATION
    EIN:
    36-2490808
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MUTUAL BOND FUNDS 31,555,438 31,555,438

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE POETRY FOUNDATION
    EIN:
    36-2490808
    Name of Stock End of Year Book Value End of Year Fair Market Value
    DOMESTIC EQUITIES 132,827,188 132,827,188
    INTERNATIONAL EQUITIES 56,502,698 56,502,698

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE POETRY FOUNDATION
    EIN:
    36-2490808
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SEIX FUND AT COST 18,105,727 18,105,727
    PRIVATE EQUITY AT COST 12,330,505 12,330,505
    REAL ESTATE AT COST 26,370,204 26,370,204
    NATURUAL RESOURCES AT COST 259,676 259,676
    CREDIT FUND AT COST 3,852,906 3,852,906
    OTHER AT COST 12,740,506 12,740,506

    TY 2020 LandEtcSchedule2
    Name:
    THE POETRY FOUNDATION
    EIN:
    36-2490808
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 7,263,478 0 7,263,478 7,263,478
    BUILDINGS 14,649,848 5,198,376 9,451,472 9,451,472
    DIGITAL ASSETS 3,027,141 2,637,594 389,547 389,547
    EQUIPMENT 247,600 163,613 83,987 83,987
    BOOKS 247,543 151,090 96,453 96,453


    TY 2020 LegalFeesSchedule
    Name:
    THE POETRY FOUNDATION
    EIN:
    36-2490808
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 126,249 0 0 126,249


    TY 2020 OtherAssetsSchedule
    Name:
    THE POETRY FOUNDATION
    EIN:
    36-2490808
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTERESTS IN TRUSTS 4,746,075 4,722,191 4,722,191


    TY 2020 OtherDecreasesSchedule
    Name:
    THE POETRY FOUNDATION
    EIN:
    36-2490808
    Description Amount
    VARIANCE 78,229


    TY 2020 OtherExpensesSchedule
    Name:
    THE POETRY FOUNDATION
    EIN:
    36-2490808
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PUBLICATION EXPENSES 289,758 0 0 371,629
    PRINTING AND PROMOTION 874,802 0 0 874,802
    ADVERTISING & PR 466,808 0 237,551 229,257
    OFFICE SUPPLIES AND EQUIPMENT 25,694 0 0 25,694
    TELEPHONE 5,760 0 0 5,760
    NETWORK 70,745 0 0 70,745
    COMPUTERS 69,415 0 0 69,415
    SECURITY 15,815 0 0 15,815
    OFFICE INSURANCE 80,414 0 0 89,502
    OFFICE MAINTENANCE 253,975 0 0 253,975
    REPAIRS AND MAINTENANCE 10,248 0 0 10,248
    FEES 381 381 0 0
    BOARD EXPENSE 7,425 0 0 7,425
    MISCELLANEOUS 25,207 0 0 25,207
    BOOKS /CDS 11,332 0 0 11,332
    RECRUITMENT 146,530 0 0 146,530
    BAD DEBT 26,254 0 13,500 12,754
    BANK CHARGES 30,601 0 23,797 6,804
    ADP EXEPENSE 7,399 0 0 7,399
    DUES AND MEMBERSHIPS 16,259 0 0 16,259
    SUBSCRIPTION SERVICES 34,763 0 1,527 33,236
    DISTRIBUTOR OPERATING EXP AND COGS 17,360 0 17,360 0
    OTHER K1 EXPENSES 0 114,324 0 0
    POETRY PRIZES AND AWARDS 335,717 0 0 335,717


    TY 2020 OtherIncomeSchedule2
    Name:
    THE POETRY FOUNDATION
    EIN:
    36-2490808
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FROM K-1S   266,815 266,815
    K-1 ROYALTIES 0 2,498 2,498
    MAGAZINE SUBSCRIPTIONS 626,986   626,986
    SINGLE COPY SALE INCOME 1,809   1,809
    DISTRIBUTOR GROSS SALE INCOME 18,858   18,858
    DIGITAL SUBSCRIPTIONS-EARNED 5,018   5,018
    SALE OF MAIL LISTS 1,781   1,781
    MISC INCOME 47,119   47,119
    ADVERTISING INCOME 14,940   14,940
    ROYALTY INCOME 5,269   5,269


    TY 2020 OtherIncreasesSchedule
    Name:
    THE POETRY FOUNDATION
    EIN:
    36-2490808
    Description Amount
    UNREALIZED GAIN/LOSS 21,908,792


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE POETRY FOUNDATION
    EIN:
    36-2490808
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTANTS 577,145 0 94,460 482,685
    US BANK CUSTODIAL FEES 13,115 13,115 0 0
    INVESTMENT MANAGEMENT FEES 0 354,771 0 0


    TY 2020 TaxesSchedule
    Name:
    THE POETRY FOUNDATION
    EIN:
    36-2490808
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISC 2,266 2,266 0 0
    PAYROLL 208,182 4,862 8,851 194,470