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
RHOADS JR JAY-ENVIRONMENTAL FUND TR
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 185
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA152300185
A Employer identification number

36-4613133
B Telephone number (see instructions)

(617) 722-6908
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$69,430,794J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,174,124 1,145,090  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,335,208
b Gross sales price for all assets on line 6a 30,909,220
7 Capital gain net income (from Part IV, line 2)... 1,335,208
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........ 2,509,332 2,480,298  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 231,940 139,164   92,776
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 125,179 0 0 125,179
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 53,496 24,630   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)....... Click to see attachment 143,815 10,822   132,993
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 554,430 174,616 0 350,948
25 Contributions, gifts, grants paid....... 2,541,500 2,541,500
26 Total expenses and disbursements. Add lines 24 and 25 3,095,930 174,616 0 2,892,448
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -586,598
b Net investment income (if negative, enter -0-) 2,305,682
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. -90    
2 Savings and temporary cash investments......... 2,064,064 887,160 887,160
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
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).......... 49,790,639 Click to see attachment50,364,835 68,543,634
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 51,854,613 51,251,995 69,430,794
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 51,854,613 51,251,995
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)..... 51,854,613 51,251,995
30 Total liabilities and net assets/fund balances (see instructions). 51,854,613 51,251,995
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
51,854,613
2
Enter amount from Part I, line 27a .....................
2
-586,598
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,660
4
Add lines 1, 2, and 3 ..........................
4
51,270,675
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
18,680
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
51,251,995
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 1. MISC INCOME   2000-01-01 2020-12-31
b CAPITAL GAIN DIVIDENDS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 30,667,253   29,574,012 1,093,241
b       241,967
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,093,241
b        
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,335,208
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 32,049
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 32,049
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 32,049
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 28,972
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 28,972
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,077
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletBNY MELLON NA Telephone no.bullet (617) 722-6908

    Located atbulletPO BOX 185PITTSBURGHPA ZIP+4bullet152300185
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    BNY MELLON N A TRUSTEE
    0     		231,940    
    PO BOX 185
    PITTSBURGH,PA152300185
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    60,285,435
    b
    Average of monthly cash balances.......................
    1b
    1,574,147
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    61,859,582
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    61,859,582
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    927,894
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    60,931,688
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,046,584
    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
    3,046,584
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    32,049
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    32,049
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,014,535
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,014,535
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    3,014,535
    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
    2,892,448
    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
    2,892,448
    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
    2,892,448
    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 3,014,535
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 2,411,542
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,892,448
    a Applied to 2019, but not more than line 2a 2,411,542
    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..... 480,906
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (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 ..........     		2,533,629
    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)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    CENTER FOR ECOLOGY BASED ECONOMY
    447 MAIN ST
    NORWAY,ME04268     		NONE PC GENERAL OPERATING PURPOSES 30,000
    LOON ECHO LAND TRUST
    8 DEPOT ST 4
    BRIDGTON,ME04009     		NONE PC GENERAL OPERATING PURPOSES 200,000
    TIN MOUNTAIN CONSERVATION CENTER INC
    1245 BALD HILL RD
    CONWAY,NH03818     		NONE PC GENERAL OPERATING PURPOSES 50,000
    UPPER SACO VALLEY LAND TRUST
    2686 WHITE MOUNTAIN HWY
    NORTH CONWAY,NH03860     		NONE PC GENERAL OPERATING PURPOSES 100,000
    GREATER LOVELL LAND TRUST
    208 MAIN ST
    LOVELL,ME04051     		NONE PC GENERAL OPERATING PURPOSES 100,000
    WESTERN FOOTHILLS LAND TRUST
    PO BOX 107 445 MAIN ST
    NORWAY,ME04268     		NONE PC GENERAL OPERATING PURPOSES 130,000
    LAKES ENVIRONMENTAL ASSOCIATION
    230 MAIN ST
    BRIDGTON,ME04009     		NONE PC GENERAL OPERATING PURPOSES 85,000
    A CLIMATE TO THRIVE
    PO BOX 75
    MOUNT DESERT,ME04660     		NONE PC GENERAL OPERATING PURPOSES 50,000
    DOWNEAST COMMUNITY PARTNERS
    248 BUCKSPORT RD
    ELLSWORTH,ME04605     		NONE PC GENERAL OPERATING PURPOSES 100,000
    DOWNEAST SALMON FEDERATION
    187 MAIN ST
    COLUMBIA FALLS,ME04623     		NONE PC GENERAL OPERATING PURPOSES 100,000
    MAINE CENTER FOR COASTAL FISHERIES
    12 ATLANTIC AVE
    STONINGTON,ME04681     		NONE PC GENERAL OPERATING PURPOSES 100,000
    MONADNOCK CONSERVANCY
    15 EAGLE CT
    KEENE,NH03431     		NONE PC GENERAL OPERATING PURPOSES 171,500
    NASHUA RIVER WATERSHED ASSOCIATION
    592 MAIN ST
    GROTON,MA01450     		NONE PC GENERAL OPERATING PURPOSES 75,000
    SOUTHERN MAINE CONSERVATION COLLABORATIV
    217 COMMERCIAL ST SUITE 302
    PORTLAND,ME04101     		NONE PC GENERAL OPERATING PURPOSES 40,000
    SUNRISE COUNTY ECONOMIC COUNCIL
    7 AMES WAY
    MACHIAS,ME04654     		NONE PC GENERAL OPERATING PURPOSES 100,000
    NORTHWEST WILDERNESS TRUST
    17 STATE STREET SUITE 302
    MONTPELIER,VT05602     		NONE PC GENERAL OPERATING 150,000
    NH SUSTAINABLE ENERGY ASSOCIATION
    54 PORTSMOUTH STREET
    CONCORD,NH033015486     		NONE PC GENERAL OPERATING 50,000
    OPEN SPACE INSTITUTE INC
    1350 BROADWAY ROOM 201
    NEW YORK,NY10018     		NONE PC GENERAL OPERATING 105,000
    MAINE RIVER
    PO BOX 782
    YARMOUTH,ME04096     		NONE PC GENERAL OPERATING 100,000
    MAINE MOUNTAIN COLLABORATIVE
    PO BOX A
    PHILLIPS,ME049661501     		NONE PC GENERAL OPERATING 60,000
    MAINE PHILANTHROPY CENTER
    PO BOX 9301
    PORTLAND,ME041049301     		NONE PC GENERAL OPERATING 10,000
    TOWN OF RINDGE NH
    30 PAYSON HILL RD
    RINDGE,NH03461     		NONE PC GENERAL OPERATING 25,000
    SMALL WOODLAND OWNERS ASSOC OF MAINE
    PO BOX 836
    AUGUSTA,ME043320836     		NONE PC GENERAL OPERATING 50,000
    MAHOOSUC LAND TRUST INC
    PO BOX 981
    BETHEL,ME042170981     		NONE PC GENERAL OPERATING 25,000
    DOWNEAST INST FOR APPLIED MARINE RESEARC
    PO BOX 83
    BEALS,ME046110083     		NONE PC GENERAL OPERATING 130,000
    HUBBARD BROOK RESEARCH FOUNDATION
    30 PLEASANT STREET
    Woodstock,VT05091     		NONE PC GENERAL OPERATING 50,000
    MAHOOSUC PATHWAYS INC
    PO BOX 572
    BETHEL,ME042170572     		NONE PC GENERAL OPERATING 55,000
    THE CONSERVATION FUND
    1655 N FORT MYER DRIVE
    ARLINGTON,VA22209     		NONE PC GENERAL OPERATING 300,000
    Total .................................bullet 3a 2,541,500
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 1,174,124  
    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 1,335,208  
    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)..   2,509,332  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,509,332
    (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

    TY 2020 InvestmentsOtherSchedule2
    Name:
    RHOADS JR JAY-ENVIRONMENTAL FUND TR
    EIN:
    36-4613133
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    037833100 APPLE COMPUTER INC C AT COST 383,163 2,481,436
    05569M806 BNY MELLON SMALL CAP AT COST 235,412 363,749
    06051GFP9 BANK OF AMERICA CORP AT COST 100,668 112,729
    092113AQ2 BLACK HILLS CB AT COST 31,040 36,345
    22160K105 COSTCO WHSL CORP NEW AT COST 62,333 126,221
    30161NAU5 EXELON CORP AT COST 44,107 50,686
    312938NJ8 FHLMC GOLD POOL A903      
    34074GDH4 FLORIDA ST HURRICANE      
    464287804 ISHARES TR S & P SMA      
    58933Y105 MERCK & CO INC AT COST 336,269 484,011
    59523UAN7 MID-AMERICA APARTMEN      
    64966HYX2 NEW YORK N Y      
    64972FY26 NEW YORK N Y CITY MU      
    65473QBG7 NISOURCE FINANCE COR AT COST 54,640 67,562
    68389XBB0 ORACLE CORP AT COST 85,267 87,273
    70450Y103 PAYPAL HOLDINGS INC AT COST 81,339 237,713
    717081103 PFIZER INC COM AT COST 51,955 56,687
    891906AC3 TSS 4.8 04/01/26 COR AT COST 94,767 106,805
    902973304 US BANCORP DEL AT COST 24,187 31,215
    912810RS9 U S TREASURY BOND AT COST 39,703 53,759
    912828V49 U S TREASURY INFLATI AT COST 52,844 60,140
    9128283F5 U S TREASURY NOTE AT COST 95,396 105,487
    949746101 WELLS FARGO & CO NEW      
    90269GAC5 UBS COM MTG TR 2012- AT COST 41,784 41,452
    912810RN0 U S TREASURY BOND AT COST 68,038 89,062
    912828U24 UNITED STATES TREAS AT COST 46,102 54,420
    9128285P1 US TREASURY NOTE      
    92343VDV3 VERIZON COMMUNICATIO AT COST 118,968 160,241
    92532F100 VERTEX PHARMACEUTICA AT COST 40,567 61,212
    46625H100 J P MORGAN CHASE & C AT COST 95,596 232,792
    002824100 ABBOTT LABORATORIES AT COST 31,703 35,694
    02079K107 ALPHABET INC AT COST 286,079 509,797
    026874784 AMERICAN INTERNATION AT COST 24,063 29,531
    031162BH2 AMGEN INC      
    04621X108 ASSURANT INC AT COST 36,341 48,358
    05569M509 BNY MELLON MID CAP S AT COST 528,434 1,189,545
    05569M855 BNY MELLON EMERGING AT COST 929,700 1,610,038
    17275R102 CISCO SYS INC AT COST 38,702 79,655
    3138X56Q5 FNMA POOL AU6278      
    31418BDB9 FNMA MA1897      
    38141G104 GOLDMAN SACHS GROUP AT COST 27,320 41,930
    63872T729 ASG MANAGED FUTURES      
    713448108 PEPSICO INC AT COST 131,501 172,918
    9128283U2 UNITED STATES TREAS      
    9128284H0 UNITED STATES INFLA      
    929160109 VULCAN MATERIALS COM AT COST 68,159 110,788
    92937FAD3 WFRBS 2013-C12 A4 AT COST 20,728 20,921
    015271AH2 ALEXANDRIA REAL ESTA AT COST 41,344 46,506
    3138WJDQ8 FNMA AS8210      
    36179TG33 GNMA MA4718      
    458140AM2 INTEL CORP AT COST 54,416 57,602
    464287507 ISHARES TR S&P MIDCA      
    49446RAN9 KIMCO REALTY CORP AT COST 61,571 62,986
    57582PUT5 MASSACHUSETTS ST 4.9 AT COST 39,723 44,942
    6174824M3 MORGAN STANLEY AT COST 115,404 118,525
    444859102 HUMANA INC COM AT COST 39,367 55,386
    532457108 ELI LILLY & CO COM AT COST 52,000 82,056
    912810RT7 U S ETREASURY NOTE AT COST 17,529 22,830
    912828XL9 US TREASURY INFLATIO AT COST 119,606 132,649
    912828X47 UNITED STATES TREA      
    742718109 PROCTER & GAMBLE CO      
    872590104 T -MOBILE US INC AT COST 57,727 136,199
    042735BD1 ARROW ELECTRONICS IN AT COST 54,544 56,589
    580135101 MC DONALDS CORPORATI AT COST 76,234 95,703
    00724FAC5 ADOBE SYSTEMS INC AT COST 65,917 71,568
    10112RAS3 BOSTON PROPERTIES LP AT COST 45,027 45,186
    126650CY4 CVS HEALTH CORP AT COST 70,516 88,689
    13063DGB8 CALIFORNIA ST AT COST 40,298 44,691
    16119P108 CHARTER COMMUNICATIO AT COST 50,366 129,664
    26078JAC4 DOWDUPONT INC AT COST 25,000 29,184
    46625HJJ0 JPMORGAN CHASE & CO AT COST 89,520 96,192
    594918104 MICROSOFT CORP COM AT COST 790,910 2,708,186
    037833BH2 APPLE INC AT COST 70,260 89,081
    478160104 JOHNSON & JOHNSON CO AT COST 579,156 893,918
    617446448 MORGAN STANLEY DEAN AT COST 66,151 115,405
    681919106 OMNICOM GROUP INC CO      
    693718108 PACCAR INC AT COST 65,807 87,143
    84756NAF6 SPECTRA ENERGY PARTN AT COST 35,418 38,594
    912810RZ3 UNITED STATES TREAS      
    9128284A5 UNITED STATES TREAS      
    913017109 UNITED TECHNOLOGIES      
    92826C839 VISA INC AT COST 146,092 264,663
    87938WAT0 TELEFONICA EMISIONES AT COST 44,643 52,094
    G5960L103 MEDTRONIC PLC AT COST 116,817 146,308
    00206R102 AT&T INC AT COST 178,812 171,927
    05565QCB2 BP CAPITAL MARKETS P AT COST 53,616 57,153
    05569M780 BNY MELLON S/T US GV      
    194162103 COLGATE PALMOLIVE CO AT COST 24,042 31,639
    20605PAK7 CONCHO RESOURCES INC      
    235851102 DANAHER CORP COMMON AT COST 53,632 105,961
    372546AW1 THE GEORGE WASHINGTO AT COST 57,026 69,651
    416515104 HARTFORD FINL SVCS G      
    67103H107 O'REILLY AUTOMOTIVE AT COST 43,411 71,959
    693475105 PNC FINANCIAL SERVIC AT COST 16,710 23,095
    63872T885 ASG GLOBAL ALTERNATI AT COST 604,464 572,931
    573284106 MARTIN MARIETTA MATL AT COST 51,945 82,067
    637417AL0 NATIONAL RETAIL PROP AT COST 19,858 23,185
    78009PEH0 ROYAL BANK OF SCOTLA AT COST 50,105 61,474
    79466L302 SALESFORCE COM INC AT COST 87,650 177,801
    811065AE1 SCRIPPS NETWORKS INT      
    882508104 TEXAS INSTRUMENTS IN AT COST 20,214 63,682
    912810RR1 UNITED STATES TREAS      
    9128284V9 UNITED STATES TREAS AT COST 40,467 46,464
    92343V104 VERIZON COMMUNICATIO AT COST 130,736 133,950
    983919101 XILINX INC AT COST 56,373 103,492
    20030NBJ9 COMCAST CORPORATION AT COST 106,752 115,520
    594918BD5 MICROSOFT CORP      
    00037BAB8 A.B.B. FIN USA INC AT COST 84,374 87,859
    00772BAF8 AERCAP IRELAND CAPIT AT COST 77,051 75,943
    035242AN6 ANHEUSER-BUSH INBEV AT COST 51,632 64,251
    05569M871 BNY MELLON INTL FD C AT COST 299,488 445,424
    060505104 BANK AMER CORP AT COST 52,695 90,021
    205887102 CONAGRA FOODS INC AT COST 38,797 51,127
    225433AH4 CREDIT SUISSE GROUP      
    278642AE3 EBAY INC 2.6% 7/15/2      
    00287Y109 ABBVIE INC AT COST 259,203 450,030
    023135106 AMAZON COM INC AT COST 244,075 683,955
    025816109 AMERICAN EXPRESS COM AT COST 60,250 172,901
    09062XAC7 BIOGEN INC      
    125269100 CF INDS HLDGS INC      
    15189TAV9 CENTERPOINT ENERGY I AT COST 51,222 59,244
    169656105 CHIPOTLE MEXICAN GRI AT COST 30,637 97,070
    172967KA8 CITIGROUP INC AT COST 103,079 118,214
    172967424 CITIGROUP INC AT COST 8,821 7,399
    20030N101 COMCAST CORP NEW CL AT COST 58,254 93,796
    00287YAL3 ABBVIE INC AT COST 49,725 52,304
    95000U2B8 WELLS FARGO & CO      
    91412GXY6 UNIV OF CALIFORNIA AT COST 20,083 24,213
    12189LAF8 BURLINGTN NORTH SANT AT COST 61,291 60,840
    126650100 CVS CORP AT COST 66,071 72,398
    167486NN5 CHICAGO ILL      
    20030NBR1 COMCAST CORP      
    22966RAA4 CUBESMART LP 4.8% 7/      
    233203421 DFA EMERG MKTS CORE AT COST 1,407,431 1,680,264
    28176E108 EDWARDS LIFESCIENCES AT COST 44,460 89,770
    312941D20 FHLMC GOLD A92821      
    38141GFD1 GOLDMAN SACHS GROUP AT COST 105,604 137,714
    45866FAC8 INTERCONTINENTALEXCH      
    651639106 NEWMONT MINING CORP AT COST 30,228 54,500
    744320102 PRUDENTIAL FINL INC      
    747525103 QUALCOMM INC AT COST 102,598 275,735
    74925K581 ROBECO BP LNG/SHRT R AT COST 1,600,000 1,381,043
    76118Y104 RESIDEO TECHNOLOGIES AT COST 17,883 37,248
    912828V72 UNITED STATES TREAS      
    912828X88 UNITED STATES TREASU AT COST 118,989 133,852
    3140HCAD8 FNMA POOL BJ9903      
    G5494J103 LINDE PLC AT COST 5,725 7,115
    023135AW6 AMAZON COM INC AT COST 87,332 93,924
    03076C106 AMERIPRISE FINL INC AT COST 36,882 55,773
    101137107 BOSTON SCIENTIFIC CO AT COST 53,069 74,057
    11135F101 BROADCOM INC AT COST 104,768 214,109
    81762P102 SERVICENOW INC AT COST 47,382 198,705
    89236TCF0 TOYOTA MOTOR CREDIT      
    912810RV2 UNITED STATES TREAS      
    912828L57 UNITED STATES TREAS      
    912828YB0 UNITED STATES TREASU AT COST 249,110 267,443
    9128285M8 U S TREASURY NOTE AT COST 192,666 213,116
    9128286A3 U S TREASURY BOND AT COST 5,032 5,569
    917047102 URBAN OUTFITTERS INC      
    16208T102 CHATHAM LODGING TRUS AT COST 23,392 49,140
    163086101 CHEFS' WAREHOUSE HOL      
    205306103 COMPUTER PROGRAMS &      
    209034107 CONSOLIDATED COMMUNI AT COST 20,286 23,814
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    98310W108 WYNDHAM WORLDWIDE CO AT COST 24,406 40,823
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    133131102 CAMDEN PPTY TR SBI AT COST 56,898 62,950
    831865209 A O SMITH CORP COM AT COST 18,671 24,669
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    912828ZQ6 UNITED STATES TREAS AT COST 434,345 425,282
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    G1890L107 CAPRI HOLDINGS LTD AT COST 21,478 60,900
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    3132D56U1 FHLMC SB8083 AT COST 82,019 82,345
    244199105 DEERE & COMPANY AT COST 42,222 64,572
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    3140X6Y54 FN FM3431 AT COST 109,431 109,049
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    74164M108 PRIMERICA INC AT COST 26,074 38,840
    89531P105 TREX INC AT COST 15,544 31,814
    876030107 TAPESTRY INC. AT COST 19,118 40,404
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    254687106 DISNEY (WALT) COMPAN AT COST 99,201 170,309
    3133N3WJ9 FHLMC RE6049 AT COST 59,334 60,322
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    142339100 CARLISLE COMPANIES I AT COST 50,613 64,034
    890110109 TOMPKINS TRUSTCO INC AT COST 24,533 29,652
    928881101 VONTIER CORPORATION AT COST 4,768 6,012
    912828YX2 TREASURY BOND AT COST 115,013 123,585
    88033G407 TENET HEALTHCARE COR AT COST 12,874 30,347
    200340107 COMERICA INC COM AT COST 26,921 40,778
    892330101 TOYOTA INDUSTRIES-UN AT COST 4,521 6,502
    778296103 ROSS STORES INC AT COST 38,035 55,265
    784117103 SEI INVESTMENTS CO AT COST 39,848 43,677
    405024100 HAEMONETICS CORP MAS AT COST 23,414 30,875
    67077MAV0 NUTRIEN LTD 1.9% 5/1 AT COST 29,973 30,989
    90328M107 USANA HEALTH SCIENCE AT COST 20,906 21,588
    31620M106 FIDELITY NATL INFORM AT COST 9,820 9,195
    12572Q105 CME GROUP INC AT COST 6,335 6,736
    651229106 NEWELL RUBBERMAID IN AT COST 10,079 18,258
    69354M108 PRA HEALTH SCIENCES AT COST 24,924 37,632
    95058W100 WENDYS ARBYS GROUP I AT COST 11,855 16,221
    446150104 HUNTINGTON BANCSHARE AT COST 30,098 40,795
    G66721104 NORWEGIAN CRUISE LIN AT COST 11,225 26,956
    025932104 AMERICAN FINL GROUP AT COST 29,922 43,810
    589889104 MERIT MED SYS INC AT COST 21,768 33,306
    577081102 MATTEL INC AT COST 11,929 27,571
    68902V107 OTIS WORLDWIDE CORP AT COST 42,772 49,649
    191098102 COCA COLA BOTTLING C AT COST 23,469 26,627
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    518439104 ESTEE LAUDER COMPANI AT COST 23,055 31,943
    3133N2TB2 FHLMC POOL RE5046 AT COST 59,103 59,131
    257651109 DONALDSON CO INC COM AT COST 50,255 60,909
    231561101 CURTISS-WRIGHT CORPO AT COST 35,618 45,377
    320867104 FIRST MIDWEST BANCOR AT COST 35,874 47,442
    00766T100 AECOM TECHNOLOGY COR AT COST 30,586 47,789
    21036P108 CONSTELLATION BRANDS AT COST 39,382 48,191
    69360J107 PS BUSINESS PKS INC AT COST 26,616 30,560
    98419M100 XYLEM INC-W/I AT COST 33,624 45,806
    02666TAB3 AMERICAN HOMES 4 REN AT COST 51,090 54,341
    05329W102 AUTONATION INC AT COST 25,264 31,406
    29275Y102 ENERSYS AT COST 16,001 29,071
    693506107 PPG INDUSTRIES INC AT COST 21,373 27,402
    91282CBA8 UNITED STATES TREAS AT COST 34,947 34,959
    695263103 PACWEST BANCORP DEL AT COST 30,218 41,402
    639050103 NATUS MED INC DEL AT COST 20,768 23,246
    521865204 LEAR CORP W/I AT COST 24,894 41,348
    688239201 OSHKOSH TRUCK CORP AT COST 29,292 38,732
    25754A201 DOMINOS PIZZA INC AT COST 37,844 46,015
    36179VN22 GNMA II POOL MA6709 AT COST 56,119 56,621
    267475101 DYCOM INDUSTRIES INC AT COST 17,600 83,072
    369550108 GENERAL DYNAMICS COR AT COST 28,994 31,252
    666807102 NORTHROP GRUMMAN COR AT COST 18,483 18,283
    91282CAU5 WI TREASURY N/B .500 AT COST 39,691 39,688
    46590V100 JBG SMITH PROPERTIES AT COST 64,636 67,231
    45778Q107 INSPERITY INC AT COST 12,662 20,355
    50187T106 L G I HOMES INC AT COST 12,459 22,229
    858119100 STEEL DYNAMICS INC AT COST 27,950 38,345
    05368V106 AVIENT CORP AT COST 14,008 32,224
    00258W108 AARON'S CO INC/THE - AT COST 3,403 4,171
    3140X8AD9 FN FM4503 AT COST 110,229 110,403
    036752103 ANTHEM INC AT COST 34,684 41,742
    3140X8KD8 FN FM4791 AT COST 82,062 82,332
    32054K103 FIRST INDL RLTY TR I AT COST 19,007 25,278
    49427F108 KILROY RLTY CORP AT COST 62,676 66,010
    22410J106 CRACKER BARREL OLD C AT COST 20,148 27,703
    00191U102 ASGN INC AT COST 10,501 24,224
    690742101 OWENS CORNING NEW AT COST 18,685 34,850
    27579R104 EAST WEST BANCORP IN AT COST 19,639 32,962
    707569109 PENN NATL GAMING INC AT COST 10,688 57,004
    45687V106 INGERSOLL RAND INC AT COST 12,309 17,723
    31847R102 FIRST AMERICAN FINAN AT COST 23,092 24,266
    74460D109 PUBLIC STORAGE INC C AT COST 22,301 27,712
    452308109 ILLINOIS TOOL WORKS AT COST 34,452 36,698
    3133A9ZV0 FHLMC POOL QB3456 AT COST 111,701 111,493
    477839104 JOHN BEAN TECHNOLOGI AT COST 19,726 31,884
    G8994E103 TRANE TECHNOLOGIES P AT COST 34,587 52,548
    68752M108 ORTHOFIX MED INC AT COST 30,133 40,831
    553498106 M S A SAFETY INC AT COST 19,981 29,878
    64110L106 NETFLIX COM INC AT COST 62,892 108,146
    91347P105 UNIVERSAL DISPLAY CO AT COST 32,178 43,662
    446413106 HUNTINGTON INGALLS I AT COST 28,703 32,391
    91529Y106 UNUMPROVIDENT CORP AT COST 14,811 22,940
    34959J108 FORTIVE CORP. AT COST 27,530 31,869
    075887109 BECTON DICKINSON AND AT COST 36,682 35,031
    452327109 ILLUMINA INC AT COST 18,016 29,600
    459200101 INTERNATIONAL BUSINE AT COST 20,419 22,658
    693656100 PVH CORP AT COST 21,619 42,251
    517834107 LAS VEGAS SANDS CORP AT COST 12,516 17,284
    400110102 GRUBHUB INC AT COST 9,705 20,796
    512816109 LAMAR ADVERTISING CO AT COST 17,686 25,798
    91324P102 UNITED HEALTH GROUP AT COST 116,518 161,313

    TY 2020 LegalFeesSchedule
    Name:
    RHOADS JR JAY-ENVIRONMENTAL FUND TR
    EIN:
    36-4613133
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NON-ALLOCABLE LEGAL FEES 125,179     125,179


    TY 2020 OtherDecreasesSchedule
    Name:
    RHOADS JR JAY-ENVIRONMENTAL FUND TR
    EIN:
    36-4613133
    Description Amount
    PY RETURN OF CAPITAL ADJ 705
    ROC ADJ OF CY SALES 15,469
    PURCHASE OF ACCRUED INTEREST CARRYOVER 914
    MBS ADJUSTMENT 1,592


    TY 2020 OtherExpensesSchedule
    Name:
    RHOADS JR JAY-ENVIRONMENTAL FUND TR
    EIN:
    36-4613133
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER MISC EXPENSES 132,993 0   132,993
    INVESTMENT EXPENSES 10,822 10,822   0


    TY 2020 OtherIncreasesSchedule
    Name:
    RHOADS JR JAY-ENVIRONMENTAL FUND TR
    EIN:
    36-4613133
    Description Amount
    PY POAI CARRYOVER 2,660


    TY 2020 TaxesSchedule
    Name:
    RHOADS JR JAY-ENVIRONMENTAL FUND TR
    EIN:
    36-4613133
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 22,523 22,523   0
    FEDERAL ESTIMATES - INCOME 28,866 0   0
    FOREIGN TAXES ON NONQUALIFIED 2,107 2,107   0