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
This is Kari & Philip's Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

83-1877558
B Telephone number (see instructions)

(800) 839-1754
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$5,711,674J 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) 20,282
2 Check bullet.............
3 Interest on savings and temporary cash investments 274 274  
4 Dividends and interest from securities... 125,335 125,335  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 55,379
b Gross sales price for all assets on line 6a 1,466,571
7 Capital gain net income (from Part IV, line 2)... 73,973
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 201,270 199,582  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 26,200 26,200    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,432 132    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 21,070 456   20,614
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 48,702 26,788   20,614
25 Contributions, gifts, grants paid....... 275,000 275,000
26 Total expenses and disbursements. Add lines 24 and 25 323,702 26,788   295,614
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -122,432
b Net investment income (if negative, enter -0-) 172,794
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 108,914 76,132 76,132
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 212,590 Click to see attachment406,992 431,968
b Investments—corporate stock (attach schedule)....... 4,075,588 Click to see attachment3,811,029 4,540,518
c Investments—corporate bonds (attach schedule)....... 637,272 Click to see attachment617,779 663,056
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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) 5,034,364 4,911,932 5,711,674
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 5,034,364 4,911,932
29 Total net assets or fund balances (see instructions)..... 5,034,364 4,911,932
30 Total liabilities and net assets/fund balances (see instructions). 5,034,364 4,911,932
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
5,034,364
2
Enter amount from Part I, line 27a .....................
2
-122,432
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
4,911,932
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,911,932
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 Publicly-traded Securities      
b
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 1,466,571   1,392,598 73,973
b
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       73,973
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 73,973
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 2,402
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 2,402
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,402
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,688
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,688
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 714
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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)
    bulletDE
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
     
     
    ........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
    Kari Weiler Kaplan Dir, Sec, Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Philip Kaplan Dir, Pres
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    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)
    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
    5,028,197
    b
    Average of monthly cash balances.......................
    1b
    86,948
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,115,145
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    5,115,145
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    76,727
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,038,418
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    251,921
    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
    251,921
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,402
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,402
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    249,519
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    249,519
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    249,519
    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
    295,614
    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
    295,614
    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
    295,614
    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 7 249,519
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 169,347
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 295,614
    a Applied to 2019, but not more than line 2a 169,347
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 126,267
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		123,252
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 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).)
    Kari Weiler Kaplan
    Philip Kaplan
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ITS FROM THE SOLE INC
    1444 PARK PL
    BROOKLYN,NY11213     		N/A PC General & Unrestricted 25,000
    JEWISH FOUNDATION FOR GROUP HOMES
    1500 E JEFFERSON ST
    ROCKVILLE,MD20852     		N/A PC 2020 Annual Campaign 25,000
    JEWISH FOUNDATION FOR GROUP HOMES
    1500 E JEFFERSON ST
    ROCKVILLE,MD20852     		N/A PC COVID-19 Relief Fund 25,000
    MIRACLE MESSAGES
    845 MARKET ST STE 450
    SAN FRANCISCO,CA94103     		N/A PC General & Unrestricted 25,000
    PIONEER WORKS ART FOUNDATION
    159 PIONEER ST
    BROOKLYN,NY11231     		N/A PC Charitable Event 50,000
    SEEC CORPORATION
    8905 FAIRVIEW RD STE 300
    SILVER SPRING,MD20910     		N/A PC General & Unrestricted 25,000
    SPARK SF PUBLIC SCHOOLS
    135 VAN NESS AVE RM 119
    SAN FRANCISCO,CA94102     		N/A PC SF United Access Program 100,000
    Total .................................bullet 3a 275,000
    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 ...........     		    14 274  
    4 Dividends and interest from securities....     14 125,335  
    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 55,379  
    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)..   180,988  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    180,988
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    This is Kari & Philip's Foundation
     
    Employer identification number

    83-1877558
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    This is Kari & Philip's Foundation
          		Employer identification number
    83-1877558
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Kaplan Philip
    1285 Ave of Americas 38th Fl
     
    New York, NY10019

    		$ 20,282


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    This is Kari & Philip's Foundation
          		Employer identification number

    83-1877558
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 Palantir Technologies Inc PLTR, 2058 sh. $ 20,282 2020-10-12
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    This is Kari & Philip's Foundation
          		Employer identification number

    83-1877558
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

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

    TY 2020 DepreciationSchedule
    Name:
    This is Kari & Philip's Foundation
    EIN:
    83-1877558
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    This is Kari & Philip's Foundation
    EIN:
    83-1877558
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ACADIA HEALTHCARE - 5.625% - 0 2,968 3,008
    AECOM - 5.125% - 03/15/2027 2,955 3,338
    ALCOA INC - 5.125% - 10/01/202 2,960 3,302
    ALCOA INC - 5.950% - 02/01/203 2,978 3,615
    ALLY FINANCIAL - 0.000% - 11/2 2,058 2,328
    AMC NETWORK - 5.000% - 04/01/2 2,910 3,049
    AMERICAN AXLE &MFG INC - 6.250 3,762 4,140
    AMERIGAS - 5.625% - 05/20/2024 3,842 4,310
    ANTERO RES CORP - 5.000% - 03/ 2,899 2,850
    ANTHEM INC - 2.875% - 09/15/20 5,515 5,559
    APACHE CORP - 4.875% - 11/15/2 3,000 3,180
    APACHE CORP - 6.000% - 01/15/2 3,038 3,315
    ARAMARK SVCS INC - 4.750% - 06 3,135 3,088
    ARCELORMITTAL SA LUXEMBOURG - 2,590 2,806
    ARCONIC INC - 5.900% - 02/01/2 2,918 3,461
    AT&T INC - 4.300% - 02/15/2030 6,013 5,973
    BALL CORP - 4.000% - 11/15/202 1,971 2,130
    BANK OF AMERICA - 4.000% - 04/ 4,993 5,537
    BANK OF NOVA SCOTIA - 1.950% - 5,017 5,164
    BLUE CUBE SPINCO INC - 10.000% 4,591 4,235
    BUCKEYE PARTNERS LP - 3.950% - 6,706 7,091
    CDK GLOBAL INC - 5.875% - 06/1 3,020 3,147
    CDW CORP - 3.250% - 02/15/2029 2,035 2,039
    CEDAR FAIR LP - 5.375% - 06/01 5,065 5,013
    CENOVUS ENERGY INC - 5.375% - 2,005 2,255
    CENTENE CORP - 4.625% - 12/15/ 6,593 6,661
    CENTENE CORP DEL - 4.750% - 01 2,996 3,079
    CF INDUSTRIES - 4.950% - 06/01 2,520 3,683
    CHEMOURS CO - 7.000% - 05/15/2 5,115 5,183
    CHENIERE ENERGY PARTNERS - 5.2 6,148 6,158
    CINEMARK USA INC SR NT - 4.875 4,900 4,763
    CIT GROUP INC - 6.125% - 03/09 10,397 10,957
    CITIGROUP INC - 4.075% - 04/23 5,830 5,864
    CNO FINL GROUP INC - 5.250% - 7,580 8,451
    COMCAST CORP - 3.150% - 03/01/ 4,765 5,582
    COMMERCIAL METALS CO - 5.750% 3,083 3,098
    CONTINENTAL RES - 5.000% - 09/ 2,963 3,005
    COVANTA HLDG CORP - 6.000% - 0 2,095 2,101
    CRESTWOOD MIDSTREAM PRTNRS LP 1,995 2,005
    CROWN AMERICAS NOTE - 4.500% - 3,955 4,221
    CSC HLDGS INC NOTE - 5.250% - 5,745 6,494
    CVS CAREMARK CORP NOTE - 4.300 5,896 5,950
    DANA INCORPORATED - 5.375% - 1 4,138 4,240
    DCP MIDSTREAM OPERATING PL - 5 4,236 4,395
    DEERE JOHN CAP CORP - 3.650% - 5,033 5,459
    DELL INC NOTE - 4.625% - 04/01 4,967 5,031
    DIAGEO INVT CORP - 2.875% - 05 4,912 5,170
    DIAMONDBACK ENERGY INC - 5.375 3,020 3,123
    DISH DBS CORP NOTE - 5.000% - 2,663 3,098
    DISNEY WALT CO - 2.000% - 09/0 4,890 5,217
    EMBARQ CORP NT - 7.995% - 06/0 2,816 3,700
    EMC CORP - 3.375% - 06/01/2023 2,724 3,120
    ENLINK MIDSTREAM - 4.150% - 06 3,680 3,900
    ENLINK MIDSTREAM PARTNERS LP - 2,475 2,408
    EQT CORP - 6.125% - 02/01/2025 6,115 6,833
    ESTEE LAUDER COS INC - 3.150% 5,129 5,621
    FORD MTR - 8.500% - 04/21/2023 5,805 6,753
    FORD MTR CO - 9.000% - 04/22/2 2,225 2,452
    FORD MTR CO DEL NOTE - 5.29100 3,120 3,135
    FREEPORT-MCMORAN COPPER &GOLD 7,508 7,683
    FREEPORT-MCMORAN INCNOTE - 5.4 3,493 4,980
    GLP CAP LP/GLP FING II INC NOT 4,000 4,591
    GMAC LLC GTD SR NT - 8.000% - 3,515 4,404
    GOLDMAN SACHS - 3.814% - 04/23 5,784 5,787
    GOODYEAR TIRE & RUBR - 5.000% 3,712 4,090
    GRAPHIC PACKAGING CORP COM STK 2,851 3,203
    HCA INC - 5.625% - 09/01/2028 5,163 5,900
    HCA INC - 5.875% - 02/01/2029 7,859 8,424
    HILTON DOMESTIC INC SER B - 4. 2,185 2,185
    HILTON GRAND VACATION BORROW - 3,022 3,143
    HOME DEPOT INC - 3.350% - 09/1 4,946 5,631
    HUGHES SATELLITE S SER B NOTE 3,244 3,311
    ICAHN ENTERPRISES L P - 6.375% 2,116 2,069
    ICAHN ENTERPRISES LP/CORP NOTE 7,107 7,119
    IHEART - 6.375% - 05/01/2026 3,210 3,210
    JPMORGAN CHASE &CO NOTE - 2.95 4,573 5,547
    KRAFT HEINZ - 4.375% - 06/01/2 3,083 3,246
    KRAFT HEINZ FOODS CO - 3.950% 4,739 5,506
    L BRANDS INC - 6.875% - 11/01/ 2,955 3,368
    LAMAR MEDIA CORP - 0.750% - 02 5,144 5,156
    LENNAR CORP NOTE - 4.500% - 04 4,816 5,525
    LEVEL 3 FINANCING INC - 5.375% 2,078 2,057
    M D C HLDGS INC - 6.000% - 01/ 5,125 5,362
    M/I HOMES INC NOTE - 5.625% - 1,865 2,080
    MARRIOTT OWNERSHIP RESORTS INC 3,240 3,135
    MASTERCARD INC - 3.350% - 03/2 5,797 5,816
    MERITAGE HOMES CORP - 5.125% - 1,756 2,235
    MGM GROWTH PPTYS - 4.500% - 09 3,173 3,228
    MGM RESORTS INTERNATIONAL - 6. 10,258 10,737
    MICROSOFT CORP - 2.700% - 02/1 4,784 5,432
    MORGAN STANLEY FR - 3.700% - 1 5,562 5,564
    MURPHY OIL - 6.875% - 08/15/20 4,109 4,071
    NETFLIX INC - 5.875% - 02/15/2 4,125 4,602
    NETFLIX INC - 5.875% - 11/15/2 3,293 3,596
    NEWELL BRANDS INC - 5.375% - 0 6,405 7,275
    NEWELL BRANDS NEWELL BRANDS IN 4,138 4,406
    NEWFIELD EXPL CO - 5.375% - 01 2,970 3,219
    NEWFIELD EXPL CO - 5.625% - 07 2,015 2,142
    NOKIA CORP NOTE - 4.375% - 06/ 4,669 5,453
    NRG ENERGY INC - 7.250% - 05/1 5,392 5,275
    NSTAR ELEC CO - 2.375% - 10/15 5,003 5,151
    NUANCE COMMUNICATIONS INC - 5. 1,931 2,116
    NUSTAR LOGISTICS - 5.625% - 04 3,156 3,195
    OCCIDENTAL PETE CORP DEL - 3.5 1,800 1,932
    OCCIDENTAL PETE CORPDEL NOTE - 1,720 1,780
    OCCIDENTAL PETROLEUM - 2.900% 3,760 3,850
    ONEMAIN FINANCIAL CORP - 5.375 2,228 2,250
    PENSKE AUTO GROUP INC - 5.500% 2,082 2,078
    PEPSICO INC - 2.750% - 03/19/2 4,932 5,598
    PNC FINL SVCS - 3.500% - 01/23 5,214 5,447
    POLYONE CORP NOTE - 5.250% - 0 5,004 5,363
    PRECISION DRILLING CORP NOTE - 1,675 1,730
    PULTEGROUP INC - 5.500% - 03/0 3,966 4,760
    QORVO INC - 4.350% - 10/15/202 2,140 2,200
    RADIAN GROUP INC - 4.875% - 03 2,015 2,196
    SANOFI - 3.375% - 06/19/2023 4,980 5,363
    SCHLUMBERGER - 3.650% - 12/01/ 4,979 5,418
    SCOTTS MIRACLE GRO CO NOTE - 5 2,813 3,165
    SHELL INT'L FINANCE - 2.875% - 4,701 5,530
    SIMON PPTY GROUP LP - 3.375% - 4,975 5,436
    SOUTHWESTERN ENERGY CO - 4.950 5,929 6,240
    SPECTRUM BRANDS INC NOTE CALL 2,868 3,098
    SPRINGLEAF FINANCE CORPORATION 8,519 9,460
    SPRINT CAP CORP NT - 8.750% - 4,418 4,750
    SPRINT CORP NOTE - 0.079% - 09 7,575 8,105
    STATE STR CORP NOTE - 2.354% - 5,085 5,336
    SUNOCO LP/SUNOCO FINCORP - 5.5 4,033 4,100
    TELECOM ITALIA CAPITAL - 7.721 8,032 9,729
    TELEFLEX INC NOTE - 4.875% - 0 2,930 3,124
    TEMPUR SEALY - 5.500% - 06/15/ 2,862 3,122
    TENET HEALTHCARE CORP - 4.625% 11,320 11,274
    THE ADT CORPORATION NOTE - 0.0 8,454 9,595
    TOLL BROS FIN CORP - 4.875% - 3,177 3,368
    TRANSDIGM INC - 6.375% - 06/15 3,158 3,105
    UNITED CONTL HLDGS INC - 4.875 4,991 4,920
    UNITED RENTALS - 5.500% - 05/1 8,661 9,629
    US BANCORP - 2.375% - 07/22/20 4,508 5,400
    VERISIGN INC NOTE - 5.250% - 0 4,056 4,545
    VERIZON COMMUNICATIONS INC - 4 5,911 5,893
    VIA-B - 5.875% - 02/28/2057 1,915 2,075
    VIDEOTRON LTEE NOTE - 5.000% - 3,016 3,154
    WESCO DISTR INC NOTE - 5.375% 3,876 4,100
    WESTERN DIGITAL CORP - 4.750% 7,109 7,735
    WPX ENERGY INC - 5.750% - 06/0 4,070 4,205
    WPX ENERGY INC - 5.875% - 06/1 2,020 2,180
    WYNDHAM DESTINATIONSINC NOTE - 4,965 5,650

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    This is Kari & Philip's Foundation
    EIN:
    83-1877558
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AALBERTS INDUSTRIES 5,573 6,246
    AGCO CP 9,422 13,299
    AIRPORTS OF THAILAND PUBLIC CO 5,992 6,668
    ALCON INC 4,887 5,146
    ALLEGION PLC 3,175 3,608
    AMAZON COM 15,894 16,285
    AMERICAN WELL CORP 5,693 5,041
    AMERIPRISE FINANCIAL INC 10,021 12,243
    AON PLC CL A 9,799 10,352
    APTIV PLC 12,648 18,762
    ASML HOLDING NV NY REG SHS 5,672 7,316
    BANCA MEDIOLANUM SPA EUR 6,156 6,674
    BLACKROCK STRAT INC OPP PORTFO 490,499 522,643
    BLACKSTONE GSO FLT RATE ENHANC 65,872 64,111
    BLOOM ENERGY CORP 5,139 6,678
    BRAMBLES LTD UNSP AD 5,106 5,261
    BRIGHT HORIZONS FAMILY SOLUTIO 7,855 10,206
    BUNGE LTD 8,439 11,870
    CIENA CORP 4,088 4,017
    CONTL AG SPONS ADR 9,179 12,462
    COSTCO WHOLESALE CORPORATION 11,213 12,434
    DIGITAL RLTY TR INC 10,566 9,487
    ECOLAB INC 12,564 13,847
    EQUINOR ASA 7,240 7,258
    FANUC LIMITED UNSPONSORED 8,071 8,716
    FISHER AND PAYKEL HEALTHCARE 4,277 4,178
    GALAPAGOS NV 6,156 3,365
    GENMAB A/S SPON 5,411 5,896
    HEXAGON 3,639 4,804
    HILL-ROM HOLDINGS, INC 8,037 8,229
    HOYA CORP SPONS ADR 6,971 9,715
    INCYTE CORPORATION 3,102 2,783
    INDEVUS PHARMACEUTICALS INC. 200,084 228,955
    INFINEON TECH ADS 6,466 9,329
    IPG PHOTONICS CORP 5,837 8,056
    ISHARE SP SMALL CAP 600 INDEX 83,527 107,247
    ISHARES 20+ YR TREAS BD 25,759 30,284
    ISHARES BARCLAYS 1-3 YEAR TREA 29,886 30,579
    ISHARES BARCLAYS US AGGREGATE 28,348 30,611
    ISHARES CORE MSCI EAFE ETF 551,636 644,194
    ISHARES CORE MSCI EMERGING MAR 393,056 500,166
    ISHARES S&P 1500 INDEX FD 48,054 64,665
    ISHARES TR S & P MIDCAP 400 IN 244,161 316,706
    KERRY GROUP PLC 3,813 4,341
    KUBOTA CORPORATION 2,113 2,869
    LAIDLAW INTL 4,543 4,036
    LAZARD GLOBAL LISTED INFRASTRU 289,072 283,809
    LINDE PLC COM 6,479 6,851
    LYFT INC 5,214 9,531
    MARAVAI LIFESCIENCES HOLDINGS 4,027 3,618
    METLIFE INC 4,669 5,587
    MICRON TECHNOLOGY 4,975 8,270
    MIRATI THERAPEUTICS INC 2,869 4,393
    MOWI ASA SPONSORED ADR 9,215 9,843
    MSA SAFETY INCORPORATED 7,688 9,113
    NESTE ORD SHS 3,179 4,199
    NIKE INC-CL B 4,417 5,942
    NXP SEMICONDUCTORS 6,618 8,428
    ON SEMICONDUCTOR 6,967 10,375
    OPPENHEIMER EMERGING MARKETS L 132,035 140,528
    ORPEA SA 6,279 6,448
    PALO ALTO NETWORKS INC 10,987 14,926
    PING AN INSURANCE GROUP ADR 5,217 5,758
    PRE-PAID LEGAL SERVICES 5,742 5,989
    PRELUDE THERAPEUTICS INC 3,170 5,152
    PRYSMIAN SPA 12,302 16,167
    PT BANK CENTRAL ASIA TBK 10,824 12,670
    PTC INC 15,302 20,693
    SAGE GROUP PLC 8,580 6,929
    SALESFORCE.COM 7,651 8,679
    SLM CORP 6,116 9,181
    SOLAREDGE TECHNOLOGIES INC 5,030 7,340
    SPDR S&P 500 ETF TRUST 730,084 988,164
    SPECTRIS PLC 10,756 11,389
    STERICYCLE INC 9,413 10,053
    T. ROWE PRICE GROUP 7,823 8,629
    TAKEDA PHARMACEUTICAL COMPANY 5,790 5,606
    TRIMBLE NAV LTD 6,162 8,079
    UNITEDHEALTH GROUP INC 9,352 10,170
    UNIVERSAL DISPLAY CORP 4,469 5,515
    VINCI (EX.SGE) 10,298 9,756
    VMWARE INC 10,107 10,239
    WATTS WATER TECHNOLOGIES INC 7,293 9,006
    YARA INTL ASA SPON ADR 5,611 5,987
    ZENDESK INC 3,608 5,868

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    This is Kari & Philip's Foundation
    EIN:
    83-1877558
    US Government Securities - End of Year Book Value:

    346,939
    US Government Securities - End of Year Fair Market Value:

    367,395
    State & Local Government Securities - End of Year Book Value:


    60,053
    State & Local Government Securities - End of Year Fair Market Value:


    64,573


    TY 2020 OtherExpensesSchedule
    Name:
    This is Kari & Philip's Foundation
    EIN:
    83-1877558
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 20,556     20,556
    Bank Charges 456 456    
    Postage/Delivery Service 33     33
    State or Local Filing Fees 25     25


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    This is Kari & Philip's Foundation
    EIN:
    83-1877558
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 26,200 26,200    


    TY 2020 TaxesSchedule
    Name:
    This is Kari & Philip's Foundation
    EIN:
    83-1877558
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2020 1,300      
    Foreign Tax Paid 132 132