TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
ARTHUR J WHITE & ALICE M DEMOND 43C060019

Number and street (or P.O. box number if mail is not delivered to street address)850 MAIN STREET RC 1215
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BRIDGEPORT, CT066044913

A Employer identification number

03-6039645

B Telephone number (see instructions)

(802) 660-1494

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$1,453,439J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	32,061		31,564
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		36,300
b	Gross sales price for all assets on line 6a 468,699
7	Capital gain net income (from Part IV, line 2)...			36,300
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	68,361		67,864
13	Compensation of officers, directors, trustees, etc.	15,449		13,904		1,545
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		900	0	0	0
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		743	102		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		2	2
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	17,094		14,008	0	1,545
25	Contributions, gifts, grants paid.......	12,680				12,680
26	Total expenses and disbursements. Add lines 24 and 25	29,774		14,008	0	14,225
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	38,587
b	Net investment income (if negative, enter -0-)			53,856
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	37,467	58,796	58,796
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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).......	473,199	510,711	777,035
	c	Investments—corporate bonds (attach schedule).......	609,078	588,550	617,608
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,119,744	1,158,057	1,453,439
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	1,119,744	1,158,057
	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).....	1,119,744	1,158,057
	30	Total liabilities and net assets/fund balances (see instructions).	1,119,744	1,158,057

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

1,119,744

Enter amount from Part I, line 27a .....................

38,587

Other increases not included in line 2 (itemize) bullet

244

Add lines 1, 2, and 3 ..........................

1,158,575

Decreases not included in line 2 (itemize) bullet

518

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

1,158,057

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	58.784 INVESCO OPPENHEIMER DEVELOPING MKTS R6 #7038		2018-07-18	2020-01-07
b	6. ANSYS INC		2013-06-10	2020-01-07
c	5. APPLE COMPUTER, INC		2014-12-17	2020-01-07
d	12. BP AMOCO PLC SPONSORED ADR		2016-03-31	2020-01-07
e	10. BEST BUY CO		2019-04-16	2020-01-07
	6. CATERPILLAR TRACTOR CO		2018-11-14	2020-01-07
	1. CHIPOTLE MEXICAN GRILL INC		2017-10-04	2020-01-07
	5. COCA COLA CO		2018-03-15	2020-01-07
	756.719 DFA SHORT-TERM GOVERNMENT I #5010		2019-08-23	2020-01-07
	7108.26 DFA SHORT-TERM GOVERNMENT I #5010		2018-12-24	2020-01-07
	12. DANAHER CORP		2018-03-15	2020-01-07
	4. FACEBOOK INC A		2018-07-18	2020-01-07
	6. GRUBHUB INC		2019-04-16	2020-01-07
	20. HP INC		2017-07-03	2020-01-07
	159.039 OAKMARK INTERNATIONAL INSTITUTIONAL #2886		2018-03-15	2020-01-07
	9. HELMERICH & PAYNE		2018-03-15	2020-01-07
	12. HELMERICH & PAYNE		2019-07-18	2020-01-07
	12. INTEL CORP		2018-03-15	2020-01-07
	458. ISHARES MSCI EAFE GROWTH INDEX ETF		2019-07-18	2020-01-07
	6. J P MORGAN CHASE & CO		2016-11-01	2020-01-07
	17. LINCOLN ELECTRIC HLDGS INC		2016-08-31	2020-01-07
	6. M & T BANK CORP		2018-03-15	2020-01-07
	3. MARKETAXESS HLDGS INC		2016-07-21	2020-01-07
	64. MICHAELS COMPANIES INC		2016-08-31	2020-01-07
	6. MICROSOFT CORP		2018-07-18	2020-01-07
	5. MID-AMERICA APARTMENT CMNTYS		2016-07-21	2020-01-07
	4. NEXTERA ENERGY INC		2016-11-01	2020-01-07
	8. NIKE INC CL B		2018-07-18	2020-01-07
	3. PACKAGING CORP OF AMERICA		2019-04-16	2020-01-07
	13. SS&C TECHNOLOGIES HLDGS INC		2014-08-05	2020-01-07
	25. TAPESTRY INC		2018-07-18	2020-01-07
	6. TARGET CORP		2018-07-18	2020-01-07
	8. TAUBMAN CENTERS INC		2018-03-15	2020-01-07
	6. THERMO ELECTRON		2018-07-18	2020-01-07
	3. UNITEDHEALTH GROUP INC		2018-03-15	2020-01-07
	8. VISA INC CLASS A SHARES		2016-02-23	2020-01-07
	13. WISDOMTREE EUROPE HEDGED EQ FUND ETF		2018-01-31	2020-01-07
	3. ZEBRA TECHNOLOGIES CORP CL A		2016-03-31	2020-01-07
	4. AON PLC		2018-11-14	2020-01-07
	16. JAMES RIVER GROUP HOLDINGS LTD		2017-10-04	2020-01-07
	5. BERRY GLOBAL GROUP INC		2019-07-18	2020-01-13
	26. BERRY GLOBAL GROUP INC		2018-11-14	2020-01-13
	44. PREMIER INC CLASS A		2018-11-14	2020-01-13
	17. JAMES RIVER GROUP HOLDINGS LTD		2018-11-14	2020-01-13
	3. DUPONT DE NEMOURS INC		2018-07-18	2020-01-15
	4. DUPONT DE NEMOURS INC		2019-07-18	2020-01-15
	2. BOOKING HOLDINGS INC		2016-11-01	2020-01-16
	24. WABTEC CORP		2016-03-31	2020-03-06
	.413 INGERSOLL RAND INC		2017-10-04	2020-03-09
	3. LINDE PLC		2018-11-14	2020-03-09
	11. BOEING CO		2016-02-23	2020-03-12
	136.676 OAKMARK INTERNATIONAL INSTITUTIONAL #2886		2019-07-18	2020-03-16
	614. ISHARES GLOBAL REIT ETF		2019-12-16	2020-03-16
	257. WISDOMTREE EUROPE HEDGED EQ FUND ETF		2018-11-14	2020-03-16
	4. WISDOMTREE EUROPE HEDGED EQ FUND ETF		2019-07-18	2020-03-16
	3. MCCORMICK & CO		2018-01-31	2020-03-17
	50. MATADOR RESOURCES CO		2018-01-31	2020-03-19
	5. DOW INC		2019-07-18	2020-03-20
	3. DOW INC		2018-07-18	2020-03-20
	10. US BANCORP DEL NEW		2018-07-18	2020-03-24
	31. BJS RESTAURANTS INC		2017-07-03	2020-03-26
	7. BJS RESTAURANTS INC		2019-07-18	2020-03-26
	11. MIDDLEBY CORP		2012-07-19	2020-03-26
	12. FIDELITY NATIONAL FINANCIAL INC		2017-07-03	2020-03-27
	2. JOHNSON & JOHNSON INC		2018-11-14	2020-03-27
	15. ORACLE CORPORATION		2018-01-31	2020-03-27
	19. SCHLUMBERGER LTD		2018-11-14	2020-03-27
	26. JOHNSON CONTROLS INTL PLC		2018-03-15	2020-03-27
	62. CISCO SYSTEMS INC		2018-03-15	2020-04-02
	43. METLIFE INC		2018-11-14	2020-04-15
	2349.467 JP MORGAN CORE BOND SELECT #3720		2016-02-23	2020-04-17
	37. BROOKFIELD PROPERTY REIT		2019-07-18	2020-04-22
	12. CHUBB LTD		2016-11-01	2020-04-29
	2. CHUBB LTD		2019-07-18	2020-04-29
	789.303 DODGE & COX INCOME FUND		2014-12-17	2020-05-01
	2719.418 PIMCO TOTAL RETURN PORTFOLIO		2013-02-07	2020-05-01
	1040.415 PIMCO INVESTMENT GRADE CORP BD INSTL #56		2020-01-07	2020-05-01
	16. COGNEX		2018-07-18	2020-06-05
	2. GARTNER GROUP INC		2019-07-18	2020-06-05
	4. GARTNER GROUP INC		2017-04-06	2020-06-05
	2. HOME DEPOT INC		2018-03-15	2020-06-05
	11. INGERSOLL RAND INC		2019-07-18	2020-06-05
	15. INGERSOLL RAND INC		2017-10-04	2020-06-05
	269. ISHARES CORE S&P 500 ETF		2020-05-04	2020-06-05
	3. PIONEER NATURAL RESOURCES CO		2017-07-03	2020-06-05
	17. SS&C TECHNOLOGIES HLDGS INC		2014-08-05	2020-06-05
	8. MID-AMERICA APARTMENT CMNTYS		2013-06-10	2020-06-12
	480.125 FIDELITY FLOATING RATE HIGH INCOME #314		2020-01-07	2020-06-23
	2821.885 FIDELITY FLOATING RATE HIGH INCOME #314		2019-04-17	2020-06-23
	17. CHARLES SCHWAB CO.		2016-07-21	2020-06-24
	190. VANGUARD REAL ESTATE ETF		2020-06-05	2020-07-06
	3. FIVE BELOW INC		2016-03-31	2020-07-09
	11. ICU MED INC		2018-07-18	2020-07-09
	3. OGE ENERGY CORP		2016-08-31	2020-07-09
	1. POOL CORP		2018-01-31	2020-07-09
	18. SS&C TECHNOLOGIES HLDGS INC		2014-08-05	2020-07-09
	3. TYLER TECHNOLOGIES INC		2016-11-01	2020-07-09
	4. WEST PHARMACEUTICAL SVSC INC		2014-08-05	2020-07-09
	2. ZEBRA TECHNOLOGIES CORP CL A		2016-03-31	2020-07-09
	3. EATON CORP PLC		2018-01-31	2020-07-09
	13. DISNEY WALT CO		2015-09-17	2020-07-13
	13. FISERV INC WISCONSIN		2018-03-15	2020-07-13
	9. MICROSOFT CORP		2017-03-14	2020-07-13
	.568 KONINKLIJKE PHILIPS ELECTRS SPONS ADR NEW		2016-12-22	2020-07-21
	7. WEBSTER FINANCIAL CORP		2019-08-22	2020-08-06
	33. WEBSTER FINANCIAL CORP		2018-11-14	2020-08-06
	8. BOK FINANCIAL CORP		2017-03-14	2020-08-17
	16. DOMINION RES INC VA NEW		2019-07-18	2020-08-26
	16. VALERO ENERGY CORP - NEW		2020-06-05	2020-08-26
	4. EATON CORP PLC		2018-01-31	2020-08-26
	4. WEST PHARMACEUTICAL SVSC INC		2014-08-05	2020-08-28
	5. VALERO ENERGY CORP - NEW		2020-06-05	2020-09-16
	54. MONDELEZ INTERNATIONAL INC		2018-11-14	2020-11-09
	66.74 INVESCO OPPENHEIMER DEVELOPING MKTS R6 #7038		2018-11-14	2020-11-16
	4. C H ROBINSON WORLDWIDE INC		2019-07-18	2020-11-19
	11. CVS CORP		2020-01-07	2020-11-19
	11. WEST PHARMACEUTICAL SVSC INC		2014-08-05	2020-11-19
	4. QUIDEL CORP		2020-08-28	2020-12-02
	5. EATON CORP PLC		2016-12-22	2020-12-07
	9. AMERICAN EXPRESS CO		2016-08-31	2020-12-16
	13. GILEAD SCIENCES INC		2018-01-31	2020-12-21
	8. INSULET CORP		2019-04-16	2020-12-21
	3. KIMBERLY CLARK CORP		2018-07-18	2020-12-21
	3. TYLER TECHNOLOGIES INC		2019-07-18	2020-12-21
	87. INTEL CORP		2017-07-03	2020-12-23
	.2 VEREIT INC REIT		2019-07-18	2020-12-23
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(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,701	2,512	189
b	1,547	443	1,104
c	1,496	537	959
d	470	438	32
e	878	732	146
	880	845	35
	859	308	551
	272	219	53
	7,983	8,006	-23
	74,992	74,242	750
	1,871	1,084	787
	856	785	71
	292	398	-106
	412	353	59
	3,955	4,547	-592
	412	569	-157
	549	671	-122
	709	497	212
	39,533	36,782	2,751
	819	402	417
	1,643	1,082	561
	998	862	136
	1,130	346	784
	546	1,650	-1,104
	952	509	443
	650	446	204
	966	504	462
	817	613	204
	311	295	16
	803	274	529
	683	1,187	-504
	740	458	282
	247	458	-211
	1,968	1,151	817
	865	597	268
	1,517	579	938
	920	847	73
	772	207	565
	832	648	184
	659	656	3
	227	268	-41
	1,180	1,286	-106
	1,550	1,529	21
	681	645	36
	183	287	-104
	245	284	-39
	4,102	2,789	1,313
	1,462	1,250	212
	12	11	1
	535	472	63
	2,032	1,056	976
	1,970	3,165	-1,195
	11,788	16,510	-4,722
	11,617	14,630	-3,013
	181	264	-83
	385	326	59
	67	1,628	-1,561
	135	259	-124
	81	199	-118
	310	520	-210
	482	1,304	-822
	109	288	-179
	664	371	293
	325	356	-31
	253	288	-35
	765	656	109
	263	1,171	-908
	685	1,002	-317
	2,403	1,764	639
	1,393	1,953	-560
	28,687	27,569	1,118
	304	662	-358
	1,344	1,420	-76
	224	299	-75
	11,208	10,956	252
	28,989	29,651	-662
	11,018	11,396	-378
	929	547	382
	272	336	-64
	544	398	146
	510	359	151
	371	362	9
	506	378	128
	86,447	73,195	13,252
	332	505	-173
	1,047	358	689
	945	521	424
	4,259	4,538	-279
	25,030	27,093	-2,063
	577	444	133
	15,231	13,444	1,787
	295	125	170
	1,977	1,229	748
	89	93	-4
	273	135	138
	1,000	379	621
	1,066	492	574
	926	163	763
	518	138	380
	256	252	4
	1,551	1,368	183
	1,249	848	401
	1,938	546	1,392
	27	17	10
	189	317	-128
	889	1,373	-484
	470	572	-102
	1,249	1,193	56
	854	1,271	-417
	408	288	120
	1,085	163	922
	245	377	-132
	3,045	2,357	688
	3,359	2,540	819
	374	328	46
	721	804	-83
	3,084	447	2,637
	797	655	142
	586	214	372
	1,074	588	486
	758	648	110
	1,896	714	1,182
	402	312	90
	1,303	609	694
	4,043	2,134	1,909
	7	9	-2
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332
			6,332

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			189
b			1,104
c			959
d			32
e			146
			35
			551
			53
			-23
			750
			787
			71
			-106
			59
			-592
			-157
			-122
			212
			2,751
			417
			561
			136
			784
			-1,104
			443
			204
			462
			204
			16
			529
			-504
			282
			-211
			817
			268
			938
			73
			565
			184
			3
			-41
			-106
			21
			36
			-104
			-39
			1,313
			212
			1
			63
			976
			-1,195
			-4,722
			-3,013
			-83
			59
			-1,561
			-124
			-118
			-210
			-822
			-179
			293
			-31
			-35
			109
			-908
			-317
			639
			-560
			1,118
			-358
			-76
			-75
			252
			-662
			-378
			382
			-64
			146
			151
			9
			128
			13,252
			-173
			689
			424
			-279
			-2,063
			133
			1,787
			170
			748
			-4
			138
			621
			574
			763
			380
			4
			183
			401
			1,392
			10
			-128
			-484
			-102
			56
			-417
			120
			922
			-132
			688
			819
			46
			-83
			2,637
			142
			372
			486
			110
			1,182
			90
			694
			1,909
			-2

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	36,300
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 ...................		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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: 2019-04-02(attach copy of letter if necessary–see instructions)
b	Reserved................................	1	749
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	749
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	749
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	1,152
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	1,152
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	403
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax403	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

PEOPLES UNITED BANK NA, ATTN KELLY KIMBALL Telephone no. bullet

(802) 660-1494

Located at bullet

77 PINE STREETBURLINGTONVT ZIP+4 bullet

05401

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
PEOPLES UNITED BANK N A	TRUSTEE 0	15,449
850 MAIN STREET RC13-505 BRIDGEPORT,CT066044913	TRUSTEE 0	15,449

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2020)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,255,988

Average of monthly cash balances.......................

57,009

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

1,312,997

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,312,997

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

19,695

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

1,293,302

Minimum investment return. Enter 5% of line 5..................

64,665

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.)

Minimum investment return from Part X, line 6....................

64,665

Tax on investment income for 2020 from Part VI, line 5......

749

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

749

Distributable amount before adjustments. Subtract line 2c from line 1............

63,916

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

63,916

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

63,916

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

14,225

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

14,225

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

14,225

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)

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					63,916
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	0
b From 2016......	26,278
c From 2017......	2,116
d From 2018......	0
e From 2019......	2,511
fTotal of lines 3a through e........		30,905
4Qualifying distributions for 2020 from Part
XII, line 4: $ 14,225
a Applied to 2019, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2020 distributable amount.....					14,225
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.		30,905			30,905
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					18,786
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2016....	0
b Excess from 2017....	0
c Excess from 2018....	0
d Excess from 2019....	0
e Excess from 2020....	0

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ST CHARLES CHURCH 31 CHERRY HILL BELLOWS FALLS,VT05101	NONE	EXEMPT	CHARITABLE	12,680
Total ................................. 3a				12,680

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	32,061
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	36,300
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				68,361

13Total. Add line 12, columns (b), (d), and (e)..................

68,361

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

ARTHUR J WHITE & ALICE M DEMOND 43C060019

EIN:

03-6039645

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	900

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

ARTHUR J WHITE & ALICE M DEMOND 43C060019

EIN:

03-6039645

Name of Bond	End of Year Book Value	End of Year Fair Market Value
BONDS - SEE ATTACHED	588,550	617,608

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

ARTHUR J WHITE & ALICE M DEMOND 43C060019

EIN:

03-6039645

Name of Stock	End of Year Book Value	End of Year Fair Market Value
STOCKS - SEE ATTACHED	510,711	777,035

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

ARTHUR J WHITE & ALICE M DEMOND 43C060019

EIN:

03-6039645

Description	Amount
RETURN OF CAPITAL	476
ROUNDING	42

- TIN:

TY 2020 OtherExpensesSchedule

Name:

ARTHUR J WHITE & ALICE M DEMOND 43C060019

EIN:

03-6039645

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER EXPENSE (NON-DEDUCTIBLE	2	2		0

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

ARTHUR J WHITE & ALICE M DEMOND 43C060019

EIN:

03-6039645

Description	Amount
POSTING ADJUSTMENTS	244

- TIN:

TY 2020 TaxesSchedule

Name:

ARTHUR J WHITE & ALICE M DEMOND 43C060019

EIN:

03-6039645

Category	Amount	Net Investment Income
FOREIGN TAXES	22	22
FEDERAL ESTIMATES - PRINCIPAL	641	0
FOREIGN TAXES ON QUALIFIED FOR	75	75
FOREIGN TAXES ON NONQUALIFIED	5	5