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 LEIR FOUNDATION INC
 
% MARGOT GIBIS
Number and street (or P.O. box number if mail is not delivered to street address)240 BRANCHVILLE RD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RIDGEFIELD, CT06877
A Employer identification number

06-1466481
B Telephone number (see instructions)

(475) 215-5690
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$129,349,061J 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) 69,700
2 Check bullet.............
3 Interest on savings and temporary cash investments 133,202 133,202  
4 Dividends and interest from securities... 1,353,029 1,353,029  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,821,876
b Gross sales price for all assets on line 6a 37,454,624
7 Capital gain net income (from Part IV, line 2)... 3,948,096
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 254,183 92,619  
12 Total. Add lines 1 through 11........ 5,631,990 5,526,946  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 381,400 190,700   190,700
14 Other employee salaries and wages...... 21,601 10,801   10,800
15 Pension plans, employee benefits....... 106,080 53,040   53,040
16a Legal fees (attach schedule)......... Click to see attachment 108,742 54,371 0 54,371
b Accounting fees (attach schedule)....... Click to see attachment 144,953 72,477 0 72,476
c Other professional fees (attach schedule).... Click to see attachment 335,900 335,900    
17 Interest............... 3,931 3,931    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 69,012 31,989   1,550
19 Depreciation (attach schedule) and depletion... Click to see attachment 2,172    
20 Occupancy.............. 107,640 53,820   53,820
21 Travel, conferences, and meetings....... 15,565     15,565
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 144,260 108,328   26,127
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,441,256 915,357 0 478,449
25 Contributions, gifts, grants paid....... 7,097,500 5,647,500
26 Total expenses and disbursements. Add lines 24 and 25 8,538,756 915,357 0 6,125,949
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,906,766
b Net investment income (if negative, enter -0-) 4,611,589
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 210,296 307,366 307,366
2 Savings and temporary cash investments......... 12,826,043 18,630,970 18,630,970
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
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).......... 89,978,701 Click to see attachment81,172,108 110,370,905
14 Land, buildings, and equipment: basis bullet60,166
Less: accumulated depreciation (attach schedule) bullet59,117 3,219 Click to see attachment1,049 1,049
15 Other assets (describe bullet) Click to see attachment38,771 Click to see attachment38,771 Click to see attachment38,771
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 103,057,030 100,150,264 129,349,061
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 103,057,030 100,150,264
29 Total net assets or fund balances (see instructions)..... 103,057,030 100,150,264
30 Total liabilities and net assets/fund balances (see instructions). 103,057,030 100,150,264
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
103,057,030
2
Enter amount from Part I, line 27a .....................
2
-2,906,766
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
100,150,264
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
100,150,264
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 FIDELITY#4684 - VARIOUS ST (SEE ATTACHED) P    
b FIDELITY #4684 - VARIOUS LT (SEE ATTACHED) P    
c FIDELITY #5258 - VARIOUS ST (SEE ATTACHED) P    
d FIDELITY #5259 - VARIOUS ST (SEE ATTACHED) P    
e FIDELITY #5259 - VARIOUS LT (SEE ATTACHED) P    
FIDELITY #8576 - VARIOUS ST (SEE ATTACHED) P    
FIDELITY #8576 - VARIOUS LT (SEE ATTACHED) P    
FIDELITY #9696 - VARIOUS ST P    
FIDELITY #9696 VARIOUS LT      
33.0252 SHS SOLD- OCA SA MEZZANINE II P 2017-01-01 2020-03-06
30.2119 SHS SOLD- OCA SA MEZZANINE II P 2017-01-01 2020-07-22
11.33 SHS SOLD- OCA SA MEZZANINE II P 2017-01-01 2020-11-12
19.13 SHS SOLD- OCA SA MEZZANINE II P 2017-01-01 2020-12-03
ORICROWN INVESTMENT LIMITED L/T P    
OCA OHA EUROPEAN STRAT CR FD - FOREIGN - INVESTMENT LT P    
MATTHEWS ASIA DIVIDEND INST'L - OTHER   2017-07-21 2020-07-21
FIDELITY #9696      
OCA REAL EST - K-1 INVESTMENT      
ODYSSEY III - INVESTMENT      
ODYSSEY IV - K-1 INVESTMENT      
SAFWAY - K-1 INVESTMENT      
PEXCO - K-1 INVESTMENT      
OCA LMMI-57.5802 SHS   2018-12-31 2020-12-31
OCA LMMI - 17.1143 SHS   2019-02-27 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    
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 449,575   318,407 131,168
b 1,859,748   1,127,225 732,523
c 803,828   857,760 -53,932
d 804,013   809,909 -5,896
e 26,192   23,252 2,940
3,585,821   3,747,216 -161,395
2,349,007   2,472,449 -123,442
8,536,954   9,034,619 -497,665
17,501,486   14,302,039 3,200,519
47,773   37,249 10,524
42,915   34,076 8,839
16,194   12,779 3,415
27,322   21,577 5,745
50,789   0 50,789
130,215   92,758 37,457
0   1,073 -1,073
5     5
    193 -193
3,045   104,597 -101,552
    1,601 -1,601
    290,683 -290,683
    131,203 -131,203
128,304   57,580 70,724
38,135   29,355 8,780
      711,684
      711,684
      711,684
      711,684
      711,684
      711,684
      711,684
      711,684
      711,684
      711,684
      711,684
      711,684
      711,684
      711,684
      711,684
      711,684
      711,684
      711,684
      711,684
      711,684
      711,684
      711,684
      711,684
      711,684
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       131,168
b       732,523
c       -53,932
d       -5,896
e       2,940
      -161,395
      -123,442
      -497,665
      3,199,447
      10,524
      8,839
      3,415
      5,745
      50,789
      37,457
      -1,073
      5
      -193
      -101,552
      -1,601
      -290,683
      -131,203
      70,724
      8,780
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 3,948,096
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 64,101
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 64,101
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 64,101
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 103,819
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 103,819
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 39,718
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet39,718 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? Click to see list of attachments....................
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 changesClick to see list of attachments....
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.Click to see list of attachments
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)
    bulletCT, 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
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletMARGOT GIBIS Telephone no.bullet (475) 215-5690

    Located atbullet240 BRANCHVILLE ROADRIDGEFIELDCT ZIP+4bullet06877
    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
     
    No
    .........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). Click to see attachment
    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
    MARGOT GIBIS PRESIDENT/DIRECTOR
    40.0     		334,400 29,467 13,200
    240 BRANCHVILLE ROAD
    RIDGEFIELD,CT06877
    JEAN WAGNER DIRECTOR
    1.0     		0 0 0
    240 BRANCHVILLE ROAD
    RIDGEFIELD,CT06877
    SUNHEE GERTZ DIRECTOR/ASST TREAS/SECRETARY
    1.0     		0 0 0
    240 BRANCHVILLE ROAD
    RIDGEFIELD,CT06877
    LAURIE KUHN ASSISTANT SECRETARY
    40.0     		47,000 34,885 0
    240 BRANCHVILLE ROAD
    RIDGEFIELD,CT06877
    MARKUS FUCHS DIRECTOR
    1.0     		0 0 0
    240 BRANCHVILLE ROAD
    RIDGEFIELD,CT06877
    JOSEPH WHALEN DIRECTOR/CHAIR/TREASURER
    1.0     		0 0 0
    240 BRANCHVILLE ROAD
    RIDGEFIELD,CT06877
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Offit Capital Advisors Investment Advisory 266,320
    485 Lexington Avenue
    NEW YORK,NY10017
    MARCUM LLP TAX & AUDIT SERVICE 144,953
    730 THIRD AVE 11TH FL
    NEW YORK,NY10017
    CADWALADER WICKERSHAM AND TAFT LLP LEGAL SERVICE 108,742
    200 LIBERTY STREET
    NEW YORK,NY10281
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 NONE  
    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
    99,131,038
    b
    Average of monthly cash balances.......................
    1b
    18,683,468
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    117,814,506
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    117,814,506
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,767,218
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    116,047,288
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,802,364
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    5,802,364
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    64,101
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    64,101
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,738,263
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    5,738,263
    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
    5,738,263
    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
    6,125,949
    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
    6,125,949
    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
    6,125,949
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 5,738,263
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:2018, 2017, 2016 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 413,366
    b From 2016...... 1,149,044
    c From 2017...... 714,931
    d From 2018...... 1,588,748
    e From 2019...... 2,053,852
    fTotal of lines 3a through e........ 5,919,941
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 6,125,949
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 5,738,263
    e Remaining amount distributed out of corpus 387,686
    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 6,307,627
    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......     		 
    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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		413,366
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		5,894,261
    10 Analysis of line 9:
    a Excess from 2016.... 1,149,044
    b Excess from 2017.... 714,931
    c Excess from 2018.... 1,588,748
    d Excess from 2019.... 2,053,852
    e Excess from 2020.... 387,686
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    SEE ATTACHMENT A
    240 BRANCHVILLE ROAD
    RIDGEFIELD,CT06877     		N/A PC GRANTS FOR DONEE'S EXEMPT PURPOSE 5,647,500
    THE LEIR RETREAT CENTER
    240 BRANCHVILLE ROAD
    RIDGEFIELD,CT06877     		N/A POF SUPPORT OF OPERATION OF PROGRAMS FOR DISADVANTAGED CHILDREN AND CONFERENCE CENTER FOR CHARITABLE ORGANIZATIONS 1,450,000
    Total .................................bullet 3a 7,097,500
    bApproved for future payment
    AMERICAN FRIENDS OF RAMBAM MEDICAL CENTER
    420 LEXINGTON AVE
    SUITE 1701
    NEW YORK,NY10170     		NONE PC FOR THE BENEFIT OF THE CARDIAC CATHERIZAION LAB IN ISRAEL 750,000
    Total .................................bullet 3b 750,000
    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 ...........     		900099   14 133,202  
    4 Dividends and interest from securities.... 900099   14 1,353,029  
    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 ............     		900099 -126,220 18 3,948,096  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aORD INC - PEXCO K1     		    14 -1,982  
    bORD INC - OCA RE OPP FUND I - K1 900099 -40      
    cORD INC - GSO CAP FD II AV-2 - K1 900099 92,048      
    dROYALTIES - GSO CAP SOL FD II AIV-2- K1     15 185  
    eCOD - GSO CAP SOL FD II AIV-2 900099 69,556      
    fFIDELITY - OTHER INCOME     14 1,073  
    gOTHER INC - OCA RE OPPO FD I - K1     14 3,463  
    hOTHER INC - GSO CAP SOL FD II     14 390  
    iOTHER INC - ALPHAGEN - K1     14 -26,079  
    jOTHER ORD INC - GSO CAP SOL O/SEE FD II     14 30,940  
    kOTHER INC - STEPSONE     14 67,244  
    lOTHER ORD INC - ODY IV TAX REFUND     14 17,385  
    12 Subtotal. Add columns (b), (d), and (e).. 35,344 5,526,946  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,562,290
    (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
    THE LEIR FOUNDATION INC
     
    Employer identification number

    06-1466481
    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
    THE LEIR FOUNDATION INC
          		Employer identification number
    06-1466481
    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
    RIDGEFIELD FOUNDATION SEE ATTACHME
    240 BRANCHVILLE RD
     
    RIDGEFIELD, CT06877

    		$ 69,700


    (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.)
    (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
    THE LEIR FOUNDATION INC
          		Employer identification number

    06-1466481
    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
    THE LEIR FOUNDATION INC
          		Employer identification number

    06-1466481
    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:
    THE LEIR FOUNDATION INC
    EIN:
    06-1466481
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MARCUM LLP - AUDIT, TAX, ADVIS 144,953 72,477   72,476

    TY 2020 AllOthProgRltdInvestmentsSch
    Name:
    THE LEIR FOUNDATION INC
    EIN:
    06-1466481
    Category Amount
    NONE  

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    TY 2020 DepreciationSchedule
    Name:
    THE LEIR FOUNDATION INC
    EIN:
    06-1466481
    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
    OFFICE EQUIPMENT 2006-07-01 4,005 4,005 M5          
    FURN & FIXTURES 2010-06-30 10,767 10,767 SL 7        
    FURN & FIXTURES 2010-06-30 2,723 2,723 M7          
    FURN & FIXTURES 2010-06-30 2,271 2,271 M7          
    COMPUTERS 2008-07-01 6,400 6,400 SL 5        
    FURN & FIXTURES 2008-07-01 1,181 1,181 SL 7        
    ELEC WATER HEATER 2008-07-01 2,800 2,800 SL 7        
    OFFICE EQUIPMENT 2008-07-01 3,931 3,931 SL 5        
    OFFICE EQUIPMENT 2009-07-01 88 88 SL 5        
    COMPUTERS 2009-07-01 6,085 6,085 SL 5        
    FURN & FIXTURES 2009-07-01 2,106 2,106 SL 7        
    COMPUTER 2010-03-12 764 764 SL 5        
    FURN & FIXTURES 2011-04-08 890 890 SL 7        
    FURN & FIXTURES 2011-10-07 261 261 SL 7        
    OFFICE EQUIPMENT 2011-02-04 300 300 SL 5        
    FURN & FIXTURES 2012-04-12 765 765 SL 7        
    FURN & FIXTURES 2012-05-11 245 245 SL 7        
    FURN & FIXTURES 2012-09-07 93 93 SL 7        
    FURN & FIXTURES 2012-08-03 103 103 SL 7        
    FURN & FIXTURES 2013-06-30 1,140 1,059 SL 7 81      
    FURN & FIXTURES 2014-06-06 1,174 938 SL 7 168      
    COMPUTER 2014-03-07 2,461 2,461 SL 5        
    PHONE SYSTEM - AVA 2016-03-30 8,705 6,529 SL 5 1,741      
    COMPUTER 2018-12-31 908 182 SL 5 182      

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    TY 2020 ExpenditureResponsibilityStmt
    Name:
    THE LEIR FOUNDATION INC
    EIN:
    06-1466481
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    CARITAS SENIORENHEIM ST GUNTER
          		GEYERSBERGER STRASSE 36
    FREYUNG,BAVARIA94078
    GM     		2020-02-01 5,000 SUPPORT OF WORKSHOPS AND ACTIVITIES FOR THE ELDERLY 5,000 NO 07/30/2020   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON INFORMATITON PROVIDED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.
    FINSTERAU FIRE DEPARTMENT
          		WALDMUHLWEG 10
    MAUTH   4151
    GM     		2020-02-01 30,000 SUPPORT OF THE FIRE DEPARTMENT 30,000 NO 11/02/2020   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON INFORMATION PROVIDED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.
    FONDATION LETZEBUERGER KANNERDUERF
          		RUE HERMANN GMEINER 10
        L-7534
    LU     		2020-05-01 20,000 SUPPORT OF ABUSED CHILDREN WITH ANIMAL ASSISTED PEDAGOGY/THERAPY 20,000 NO 07/31/2020   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON INFORMATION PROVIDED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.
    MALTESER HILFSDIENST PASSAU
          		VILSHOFENER STRASSE 50
    PASSAU   94034
    GM     		2020-02-01 15,000 TO SUPPORT UNIVERSITIES AND SCHOOLS 15,000 NO 01/26/2020   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON INFORMATION PROVIDED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.
    PFARR-CARITASVEREIN MAUTH EV GEMEINDE
          		Heinrichsbrunner Str 44
    MAUTH   94157
    GM     		2020-02-01 15,000 SUPPORT OF CHILDREN'S EDUCATION 15,000 NO 10/16/2020   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON INFORMATION PROVIDED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.
    SPORTVEREIN FINSTERAU 1957 EV
          		Hochwaldstr 37
    MAUTH   94151
    GM     		2020-02-01 30,000 SUPPORT OF CHILDREN'S EDUCATION 30,000 NO 11/18/2020   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON INFORMATION PROVIDED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.
    CRECHE DE LUXEMBOURG
          		12 PLATEAU ALTMUNSTER
        L-1123
    LU     		2020-05-01 20,000 SUPPORT TO BENEFIT CHILDREN AND ELDERLY 20,000 NO 03/14/2021   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON INFORMATION PROVIDED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.
    Assn De Mains De Matres Luxembourg
          		Circuit de la Foire Internationale
    Kirchberg   L-1347
    LU     		2020-10-07 100,000 SUPPORT TO BENEFIT CHILDREN AND ELDERLY 100,000 NO 11/02/2020   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON INFORMATION PROVIDED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.
    Kliniken Am Goldenen Steig
          		Krankenhausstrase 6
    Freyung   94078
    GM     		2020-02-01 20,000 MEDICAL - PALLIATIVE CARE 20,000 NO 12/01/2020   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON INFORMATION PROVIDED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.
    MUDAM (Muse dArt Moderne)
          		Park Dri Eechelen 3
        L-1499
    LU     		2020-06-01 150,000 SUPPORT OF MUSEUM AND CULTUTAL 150,000 NO 03/03/2021   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON INFORMATION PROVIDED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE
    Solistes Europens Luxembourg asbl
          		8 rue Jean-Peirre Koenig
        L-1865
    LU     		2020-07-01 57,000 SUPPORT CULTURAL ACTIVITIES 57,000 NO 9/1/2020   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON INFORMATION PROVIDED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.
    ALAN - Maladies Rares Luxembourg
          		Op Zaemer
    Bascharage   L-4959
    LU     		2020-07-01 20,000 Relief of Disadvantaged people 20,000 NO 02/21/2021   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON INFORMATION PROVIDED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.
    University of Luxembourg (FNR Research)
          		ave de lUniversit
        L-4365
    LU     		2020-06-01 135,000 TO SUPPORT MEDICAL RESEARCH 0 NO PENDING   PER NOTIFICATION 11/17/2020, RESEARCH HAS BEEN POSTPONED. TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON INFORMATION PROVIDED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.
    Fondation Letzebuerger Kannerduerf
          		10 rue Hermann Gmeiner
    Mersch   L-7534
    LU     		2020-05-01 20,000 TO SUPPORT COMMUNITY SERVICE 20,000 NO 07/31/2020   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON INFORMATION PROVIDED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.
    OPL - PHILHARMONIE LUXEMBOURG CONCERT
          		1 PLACE DE LEUROPE
    LUXEMBOURG   L-1499
    LU     		2020-07-01 50,000 SUPPORT FOR CONCERT IN MEMORY OF HENRY LEIR 50,000 NO 09/23/2020   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON INFORMATION PROVIDED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.
    LEIR RETREAT CENTER
          		240 BRANCHVILLE ROAD
    RIDGEFIELD,CT06877     		  1,450,000 SUPPORT OF OPERATION OF PROGRAMS FOR DISADVANTAGED CHILDREN AND CONF CNTR FOR CHARITABLE ORGS 1,450,000 NO 10/12/2021   GRANTS IN SUPPORT OF THE LEIR RETREAT CENTER WERE MADE THROUGHOUT THE CALANDAR YEAR 2020. TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON INFORMATION PROVIDED BY THE GRANTEE, NO PART OF THE GRANTS HAVE BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE LEIR FOUNDATION INC
    EIN:
    06-1466481
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ODYSSEY INVESTMNT PTRNS FD III AT COST 0 0
    ODYSSEY INVEST PTRNS FD IV AT COST 608,752 630,686
    OCA EUROPEAN STRATEGIC CREDIT AT COST 0 203,556
    THE ALPHAGEN EUROPEAN AT COST 1,919,049 3,012,017
    OCA OHA CREDIT FUND SEG PORT AT COST 4,387,273 6,064,670
    OCA CMTG LLC AT COST 3,997,115 4,000,000
    OCA SILVER LAKE AT COST 2,730,429 3,778,817
    OCA RE OPP FD I LP AT COST 133,982 53,853
    OCA LMMI IV SEG PORT. AT COST 1,804,257 2,443,507
    OCA SA MEZZ FD II AT COST 999,009 1,218,629
    GSO AT COST 730,409 312,754
    STEPSTONE PE PTR AT COST 25,058 189,545
    WCM FOCUSED INTL GROWTH FUND AT COST 3,073,365 5,614,180
    MATTHEWS ASIA AT COST 2,855,138 3,477,777
    VANGUARD FTSE ALL AT COST 0 0
    EDGEWOOD GROWTH FD INSTL AT COST 3,234,079 7,394,236
    ARIEL INT'L FD INSTITUTIONAL AT COST 2,786,393 2,847,999
    VANGUARD INSTL INDEX INSTL CL AT COST 10,541,935 18,686,203
    AKRE FOCUS FUND INSTL AT COST 4,926,068 5,913,438
    ANGEL OAK MULTI STRATEGY AT COST 0 0
    DOUBLELINE TOTAL RETURN BOND AT COST 0 0
    VANGUARD RUSSELL 2000 ETF AT COST 0 0
    WILKINSON GLOBAL AT COST 4,171,300 5,197,648
    CLARKSTON CAPITAL AT COST 2,984,108 3,755,900
    SPYGLASS CAPITAL AT COST 3,562,094 5,596,912
    ADVISORY RESEARCH AT COST 2,856,877 2,908,100
    UNITED STATE TREASURY BONDS AT COST 13,443,802 13,447,705
    DAVIDSON KEMPNER DIST OPP INTL AT COST 3,000,000 3,070,220
    SEQUOIA AT COST 3,346,946 6,927,386
    GOLUB CAPITAL PARTNERS INT'L P AT COST 824,925 879,889
    ECHO STREET GOODCO SELECT OFFS   1,900,000 2,397,209
    OCA BLACKSTONE BRED IV TE LLC   329,745 341,649
    ORICROWN INVEST LTD   0 6,420

    TY 2020 LandEtcSchedule2
    Name:
    THE LEIR FOUNDATION INC
    EIN:
    06-1466481
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE EQUIPMENT 4,005 4,005    
    FURN & FIXTURES 10,767 10,767    
    FURN & FIXTURES 2,723 2,723    
    FURN & FIXTURES 2,271 2,271    
    COMPUTERS 6,400 6,400    
    FURN & FIXTURES 1,181 1,181    
    ELEC WATER HEATER 2,800 2,800    
    OFFICE EQUIPMENT 3,931 3,931    
    OFFICE EQUIPMENT 88 88    
    COMPUTERS 6,085 6,085    
    FURN & FIXTURES 2,106 2,106    
    COMPUTER 764 764    
    FURN & FIXTURES 890 890    
    FURN & FIXTURES 261 261    
    OFFICE EQUIPMENT 300 300    
    FURN & FIXTURES 765 765    
    FURN & FIXTURES 245 245    
    FURN & FIXTURES 93 93    
    FURN & FIXTURES 103 103    
    FURN & FIXTURES 1,140 1,140    
    FURN & FIXTURES 1,174 1,106 68  
    COMPUTER 2,461 2,461    
    PHONE SYSTEM - AVA 8,705 8,270 435  
    COMPUTER 908 364 544  


    TY 2020 LegalFeesSchedule
    Name:
    THE LEIR FOUNDATION INC
    EIN:
    06-1466481
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CADWALADER, WICKERSHAM & TAFT 108,742 54,371   54,371


    TY 2020 OtherAssetsSchedule
    Name:
    THE LEIR FOUNDATION INC
    EIN:
    06-1466481
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ARTWORK 38,771 38,771 38,771


    TY 2020 OtherExpensesSchedule
    Name:
    THE LEIR FOUNDATION INC
    EIN:
    06-1466481
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 29,353 14,677   14,676
    BANK CHARGES 45 23   22
    PAYROLL PROCESSING FEES 2,505 1,253   1,252
    MESSENGER SERVICE 28 14   14
    POSTAGE & SHIPPING 131 65   66
    COPIER MACHINE 3,940 1,970   1,970
    OFFICE EXPENSES 1,781 890   891
    METER RENTAL & SUPPLIES 2,492 1,246   1,246
    COMPUTER SERVICES 5,454 2,727   2,727
    TEMPORARY OFFICE HELP 6,526 3,263   3,263
    BOND PREMIUM AMORT - FIDELITY 22 22    
    SEC.59(E)2 GSO CAP SOL K1-UBIT -523 0    
    DEPLETION - K-1 - UBIT 10,328 0    
    ROYALTY DED. GSO CAP SOL FD II 7 7    
    OTHER DED. FIDELITY 55 55    
    MISC. EXP. GSO CAP SOL FD K1 80 80    
    OCA RE OPP FD I - K1 PORT DED 11,588 11,588    
    OCA CMTG - K-1 PORT DED 5,951 5,951    
    OCA SILVER LAKE - K-1 PORT DED 38,475 38,475    
    ODYSSEY III - K-1 PORT DED 574 574    
    ODYSSEY IV - K-1 PORT DED 7,654 7,654    
    SAFEWAY- K-1 PORT DED 137 137    
    PEXCO - K-1 PORT DED 292 292    
    GSO CAP SOL FD II - PORT DED 154 154    
    GSO CAP SOL AM - PORT DED 30 30    
    OCA BREDS - PORT DED 3,139 3,139    
    ODYSSEY IV FAM FD - PORT DED 379 379    
    GSO CAP SOL O/SEA - PORT DED 13,568 13,568    
    OTHER MISC. DEDUCTION 95 95    


    TY 2020 OtherIncomeSchedule2
    Name:
    THE LEIR FOUNDATION INC
    EIN:
    06-1466481
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ORD INC - PEXCO K1 -1,982 -1,982  
    ORD INC - OCA RE OPP FUND I - K1 (UBTI) -40 0  
    ORD INC - GSO CAP FD II AIV-2 -K1 (UBTI) 92,048 0  
    ROYALTIES - GSO CAP SOL FD II AIV-2 - K1 185 185  
    COD- GSO CAP SOL FD II AIV-2 K1 (UBTI) 69,556 0  
    FIDELITY - OTHER INCOME 1,073 1,073  
    OTHER INC - OCA RE OPPO FD I - K1 3,463 3,463  
    OTHER INC - ALPHAGEN - K1 -26,079 -26,079  
    OTHER INC - GSO CAP SOL FD II - NON UBIT 390 390  
    OTHER ORD INC - GSO CAP SOL O/SEE FD II 30,940 30,940  
    OTHER INC - STEPSONE 67,244 67,244  
    OTHER ORD INC - ODY IV TAX REFUND 17,385 17,385  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE LEIR FOUNDATION INC
    EIN:
    06-1466481
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 335,900 335,900    


    TY 2020 TaxesSchedule
    Name:
    THE LEIR FOUNDATION INC
    EIN:
    06-1466481
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID-ALPHAGEN 14,297 14,297    
    FOREIGN TAX PAID-FIDELITY 17,692 17,692    
    NY CHAR 500 1,550     1,550
    NY UBIT TAX 250 0    
    990 PF TAX - 2020 24,000      
    990 PF TAX - 2019 11,223