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
TOWER FAMILY FUND INC
 
Number and street (or P.O. box number if mail is not delivered to street address)369 FRANKLIN STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BUFFALO, NY14202
A Employer identification number

20-5848514
B Telephone number (see instructions)

(716) 834-9181
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$68,269,935J 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 4,368 4,368  
4 Dividends and interest from securities... 1,125,905 1,125,905  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,562,883
b Gross sales price for all assets on line 6a 27,799,602
7 Capital gain net income (from Part IV, line 2)... 1,568,211
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........ 2,693,156 2,698,484  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 88,592 29,531   59,061
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 36,018 10,674   25,344
b Accounting fees (attach schedule)....... Click to see attachment 49,793 24,897   24,896
c Other professional fees (attach schedule).... Click to see attachment 570,747 226,272   344,475
17 Interest............... 9,367 9,367   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 33,228 12,523   0
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 29,917 28,228   1,689
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 817,662 341,492   455,465
25 Contributions, gifts, grants paid....... 5,315,000 5,315,000
26 Total expenses and disbursements. Add lines 24 and 25 6,132,662 341,492   5,770,465
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,439,506
b Net investment income (if negative, enter -0-) 2,356,992
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......... 1,212,060 1,330,349 1,330,349
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) bullet162,305
Less: allowance for doubtful accounts bullet0 154,221 162,305 162,305
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 2,145,419 Click to see attachment2,687,638 2,757,883
b Investments—corporate stock (attach schedule)....... 12,382,339 Click to see attachment11,890,268 15,907,827
c Investments—corporate bonds (attach schedule)....... 3,303,622 Click to see attachment3,371,215 3,638,103
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 34,249,061 Click to see attachment30,554,852 44,412,181
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment50,698 Click to see attachment61,287 Click to see attachment61,287
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 53,497,420 50,057,914 68,269,935
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 53,497,420 50,057,914
29 Total net assets or fund balances (see instructions)..... 53,497,420 50,057,914
30 Total liabilities and net assets/fund balances (see instructions). 53,497,420 50,057,914
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
53,497,420
2
Enter amount from Part I, line 27a .....................
2
-3,439,506
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
50,057,914
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
50,057,914
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 ALKEON GROWTH PARTNERS II, LP      
c ALKEON GROWTH PARTNERS II, LP UBTI P    
d CAPITAL GAINS DIVIDENDS P    
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 27,735,786   26,231,391 1,504,395
b 57,342     57,342
c 3,056     3,056
d 3,418     3,418
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       1,504,395
b       57,342
c       3,056
d       3,418
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 1,568,211
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 32,762
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 32,762
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 32,762
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 16,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 16,000
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 16,762
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    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 ofbulletLUMSDEN MCCORMICK LLP Telephone no.bullet (716) 856-3300

    Located atbullet369 FRANKLIN STREETBUFFALONY ZIP+4bullet14202
    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
    MOLLIE T BYRNES SECRETARY, DIRECTOR
    1.00     		0 0 0
    369 FRANKLIN STREET
    BUFFALO,NY14202
    CYNTHIA T DOYLE TREASURER, DIRECTOR
    1.00     		0 0 0
    369 FRANKLIN STREET
    BUFFALO,NY14202
    JOHN N BLAIR VP, ATTY DIRECTOR
    15.00     		88,592 0 0
    369 FRANKLIN STREET
    BUFFALO,NY14202
    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
    FULL FRAME COMMUNICATIONS LLC CONSULTING 344,475
    43 SHAW ROAD
    BELMONT,MA02478
    UBS FINANCIAL SERVICES INC INVSTMT ADVSRY, CUSTODIAN, RPRTG FEE 113,648
    250 DELAWARE AVENUE SUITE 610
    BUFFALO,NY14202
    UBS FINANCIAL SERVICES INC INVESTMENT MGMT FEES 56,806
    250 DELAWARE AVENUE SUITE 610
    BUFFALO,NY14202
    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 ACCRUED INTEREST ON THE FIELD FUND LOAN 3,084
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet3,084
    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
    60,621,874
    b
    Average of monthly cash balances.......................
    1b
    1,167,212
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    61,789,086
    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
    61,789,086
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    926,836
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    60,862,250
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,043,113
    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
    3,043,113
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    32,762
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    349
    c
    Add lines 2a and 2b............................
    2c
    33,111
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,010,002
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,010,002
    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
    3,010,002
    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
    5,770,465
    b
    Program-related investments—total from Part IX-B..................
    1b
    3,084
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    5,773,549
    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
    5,773,549
    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 3,010,002
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 4,090,880
    b From 2016...... 2,231,503
    c From 2017...... 2,323,760
    d From 2018...... 2,856,960
    e From 2019...... 329,922
    fTotal of lines 3a through e........ 11,833,025
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 5,773,549
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 3,010,002
    e Remaining amount distributed out of corpus 2,763,547
    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 14,596,572
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		4,090,880
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		10,505,692
    10 Analysis of line 9:
    a Excess from 2016.... 2,231,503
    b Excess from 2017.... 2,323,760
    c Excess from 2018.... 2,856,960
    d Excess from 2019.... 329,922
    e Excess from 2020.... 2,763,547
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACE MV INC
    35 GREENWOOD AVENUE
    VINEYARD HAVEN,MA02568     		  PC GENERAL SUPPORT 25,000
    ACTION INC
    180 MAIN STREET
    GLOUCESTER,MA01930     		  PC EMERGENCY SERVICES DURING COVID-19 PANDEMIC 10,000
    ADDISON GILBERT SOCIETY INC
    85 HERRICK STREET
    BEVERLY,MA01915     		  PC CANCER CENTERS AT ADDISON GILBERT & BEVERLY HOSPITALS 25,000
    ALBRIGHT-KNOX ART GALLERY
    1285 ELMWOOD AVENUE
    BUFFALO,NY14222     		  PC ACCESS AK PROGRAM/ ART'SCOOL PROGRAM 50,000
    ALGONQUIN CAMPERSHIP FUND CO ROCHESTER AREA COMMUNITY FOUNDATION
    500 EAST AVENUE
    ROCHESTER,NY14607     		  PC CAMP PATHFINDER SCHOLARSHIPS 5,000
    ALZHEIMER'S ASSOCIATION- WESTERN NY CHAPTER
    2805 WEHRLE DRIVE 6
    BUFFALO,NY14221     		  PC GENERAL SUPPORT 10,000
    AMHERST SYMPHONY ORCHESTRA
    PO BOX 1083
    AMHERST,NY14231     		  PC GENERAL SUPPORT 5,000
    ARTPARK & COMPANY
    450 SOUTH 4TH STREET
    LEWISTON,NY14092     		  PC GENERAL SUPPORT 9,000
    ASPCA
    520 8TH AVE 7TH FLOOR
    NEW YORK,NY10018     		  PC GENERAL SUPPORT 2,000
    AUTISM SERVICES INC
    40 HAZELWOOD DRIVE
    AMHERST,NY14228     		  PC GENERAL SUPPORT 10,000
    BERKLEE COLLEGE OF MUSIC
    140 FELLSWAY WEST 3
    MEDFORD,MA02155     		  PC BERKLEE CITY MUSIC PROGRAM FOR UNDERSERVED YOUTH 10,000
    BETH ISRAEL LAHEY HOSPITAL CORP
    85 HERRICK STREET
    BEVERLY,MA01915     		  PC CAPITAL CAMPAIGN FOR ADDISON GILBERT & BEVERLY HOSPITALS 100,000
    BOYS & GIRLS CLUB OF EAST AURORA INC
    24 PAINE STREET
    EAST AURORA,NY14052     		  PC GENERAL SUPPORT 5,000
    BOYS & GIRLS CLUB OF ELMA MARILLA & WALES
    2080 GIRDLE ROAD
    ELMA,NY14059     		  PC GENERAL SUPPORT 5,000
    BOYS & GIRLS CLUB OF NIAGARA FALLS
    725 17TH STREET
    NIAGARA FALLS,NY14301     		  PC GENERAL SUPPORT 15,000
    BUFFALO AUDUBON SOCIETY
    1610 WELCH ROAD
    NORTH JAVA,NY14113     		  PC GENERAL SUPPORT 20,000
    BUFFALO CENTER FOR ARTS AND TECHNOLOGY
    1221 MAIN STREET
    BUFFALO,NY14209     		  PC GENERAL SUPPORT 5,000
    BUFFALO CITY MISSION
    100 EAST TUPPER STREET
    BUFFALO,NY14203     		  PC GENERAL SUPPORT 25,000
    BUFFALO HEARING & SPEECH CENTER
    50 E NORTH STREET
    BUFFALO,NY14203     		  PC GENERAL SUPPORT 5,000
    BUFFALO HISTORY MUSEUM
    ONE MUSEUM COURT
    BUFFALO,NY14216     		  PC GENERAL SUPPORT 10,000
    BUFFALO MUSEUM OF SCIENCE
    1020 HUMBOLDT PARKWAY
    BUFFALO,NY14211     		  PC GENERAL SUPPORT 10,000
    BUFFALO OLMSTED PARKS CONSERVANCY
    84 PARKSIDE AVENUE
    BUFFALO,NY14214     		  PC GENERAL SUPPORT 5,000
    BUFFALO PHILHARMONIC ORCHESTRA
    499 FRANKLIN STREET
    BUFFALO,NY14202     		  PC GENERAL SUPPORT 142,000
    BUFFALO ZOO
    300 PARKSIDE AVENUE
    BUFFALO,NY14214     		  PC GENERAL SUPPORT 10,000
    BURCHFIELD-PENNEY ART CENTER
    1300 ELMWOOD AVENUE
    BUFFALO,NY14222     		  PC GENERAL SUPPORT/EXHIBITION, A HISTORY OF PAINTING IN WNY 192,000
    CANISIUS COLLEGE
    2001 MAIN STREET
    BUFFALO,NY142081098     		  PC ENDOWNMENT SCHOLARSHIP FUND 25,000
    CAPE ANN ART HAVEN INC
    180B MAIN STREET
    GLOUCESTER,MA01930     		  PC SCHOLARSHIPS/IPADS & 3D PRINTERS/ART SUPPLIES 15,000
    CAPE ANN MUSEUM
    27 PLEASANT STREET
    GLOUCESTER,MA01930     		  PC GENERAL SUPPORT AND EDUCATIONAL OUTREACH 30,000
    CHILD & FAMILY SERVICES
    330 DELAWARE AVENUE
    BUFFALO,NY14202     		  PC GENERAL SUPPORT 20,000
    CHILMARK COMMUNITY CENTER
    800 SOUTH STREET SUITE 190
    WALTHAM,MA02453     		  PC GENERAL SUPPORT 3,000
    CHOATE ROSMARY HALL
    333 CHRISTIAN STREET
    WALLINGFORD,CT06492     		  PC GENERAL SUPPORT 50,000
    COMMUNITY MISSIONS OF NIAGARA FRONTIER INC
    1570 BUFFALO AVENUE
    NIAGARA FALLS,NY14303     		  PC GENERAL SUPPORT 25,000
    CRADLE BEACH
    8038 OLD LAKESHORE ROAD
    ANGOLA,NY14006     		  PC GENERAL SUPPORT 10,000
    DAEMEN COLLEGE
    4380 MAIN STREET
    AMHERST,NY14226     		  PC ENDOWMENT SCHOLARSHIP FUND 75,000
    DANA-FARBER CANCER INSTITUTE
    450 BROOKLINE AVENUE
    BOSTON,MA022155450     		  PC HALE FAMILY CENTER FOR PANCREATIC CANCER RESEARCH/EMERGENCY RESPONSE FUND 35,000
    DEAF ACCESS SERVICES
    2495 MAIN STREET SUITE 446
    BUFFALO,NY142142155     		  PC GENERAL SUPPORT 10,000
    DOCTORS WITHOUT BORDERS
    40 RECTOR ST 16TH FLOOR
    NEW YORK,NY10006     		  PC GENERAL SUPPORT 2,000
    DUKES COUNTY REGIONAL HOUSING AUTHORITY
    PO BOX 4538
    VINEYARD HAVEN,MA02568     		  PC SPECIAL GRANT 15,000
    EPIC - EVERY PERSON INFLUENCES CHILDREN
    1000 MAIN STREET
    BUFFALO,NY14202     		  PC GENERAL SUPPORT 10,000
    ESSEX COUNTY COMMUNITY FOUNDATION
    175 ANDOVER STREET
    DANVERS,MA01923     		  PC GENERAL SUPPORT 50,000
    ESSEX COUNTY COMMUNITY FOUNDATION
    175 ANDOVER STREET
    DANVERS,MA01923     		  PC CREATIVE COUNTY INITIATIVE 15,000
    ESSEX COUNTY COMMUNITY FOUNDATION
    175 ANDOVER STREET
    DANVERS,MA01923     		  PC SPONSORSHIPS 10,000
    ESSEX COUNTY COMMUNITY FOUNDATION
    175 ANDOVER STREET
    DANVERS,MA01923     		  PC IMPACT ESSEX COUNTY INITIATIVE 25,000
    EXPLORE & MORE CHILDREN'S MUSEUM
    300 GLEED AVENUE
    EAST AURORA,NY14052     		  PC GENERAL SUPPORT 10,000
    FAMILY JUSTICE CENTER OF ERIE COUNTY
    438 MAIN STREET SUITE 201
    BUFFALO,NY14202     		  PC GENERAL SUPPORT 5,000
    FEEDMORE WNY
    91 HOLT STREET
    BUFFALO,NY14206     		  PC GENERAL SUPPORT 50,000
    FIELD AND FORK NETWORK
    487 MAIN ST 200
    BUFFALO,NY14203     		  PC GENERAL SUPPORT 5,000
    FISH OF EAST AURORA
    960 E MAIN STREET
    EAST AURORA,NY14052     		  PC GENERAL SUPPORT 2,000
    GIRL SCOUTS OF WESTERN NY
    3332 WALDEN AVE - SUITE 106
    DEPEW,NY14043     		  PC GENERAL SUPPORT 10,000
    GLOUCESTER EDUCATION FOUNDATION
    185 MAIN STREET SUITE 2A
    GLOUCESTER,MA01930     		  PC ASSISTANCE WITH REMOTE LEARNING & ADHERING TO COVID-19 RULES IN SCHOOLS 30,000
    GLOUCESTER MARINE GENOMICS INSTITUTE
    2 BLACKBURN CENTER
    GLOUCESTER,MA01930     		  PC CAPACITY BUILDING INITIATIVES 100,000
    GLOUCESTER STAGE CO
    267 EAST MAIN STREET
    GLOUCESTER,MA01930     		  PC GENERAL SUPPORT/BATHROOM RENOVATIONS 45,000
    GOODWILL INDUSTRIES OF WESTERN NEW YORK INC
    1119 WILLIAM STREET
    BUFFALO,NY14206     		  PC GENERAL SUPPORT 5,000
    GREENBELT (ESSEX COUNTY'S LAND TRUST)
    82 EASTERN AVENUE
    ESSEX,MA01929     		  PC CREIGHTON POND DAY CAMP FOR BOYS & GIRLS CLUB OF LYNN, MA 25,000
    HARVEST HOUSE
    175 JEFFERSON AVENUE
    BUFFALO,NY14210     		  PC GENERAL SUPPORT 5,000
    HAWK CREEK WILDLIFE INC
    PO BOX 662
    EAST AURORA,NY140520662     		  PC GENERAL SUPPORT 5,000
    HEALTH LEADS INC
    24 SCHOOL STREET 6TH FLOOR
    BOSTON,MA02108     		  PC GENERAL SUPPORT 50,000
    HEARTS AND HANDS FAITH IN ACTION
    1412 SWEET HOME ROAD SUITE 12
    AMHERST,NY14228     		  PC GENERAL SUPPORT 5,000
    HEARTS FOR THE HOMELESS
    890 TONAWANDA STREET
    BUFFALO,NY14207     		  PC GENERAL SUPPORT 10,000
    HEIFER INTERNATIONAL
    PO BOX 8058
    LITTLE ROCK,AR72203     		  PC GENERAL SUPPORT 2,000
    HOSPICE FOUNDATION OF WESTERN NEW YORK
    225 COMO PARK BOULEVARD
    CHEEKTOWAGA,NY14227     		  PC GENERAL SUPPORT 20,000
    HOUSING OPPORTUNITIES MADE EQUAL
    1542 MAIN STREET
    BUFFALO,NY14209     		  PC GENERAL SUPPORT 5,000
    ISLAND FOOD PANTRY OF MV
    PO BOX 1874
    VINEYARD HAVEN,MA02568     		  PC GENERAL SUPPORT 9,000
    ISLAND GROWN INITIATIVE
    PO BOX 622
    VINEYARD HAVEN,MA02568     		  PC FOOD PROGRAM TO FEED CHILDREN DURING COVID-19 OUTBREAK 55,000
    ISLAND GROWN INITIATIVE
    PO BOX 622
    VINEYARD HAVEN,MA02568     		  PC GENERAL SUPPORT AND COVID-19 RELIEF 50,000
    JOURNEY'S END REFUGEE SERVICES
    2495 MAIN STREET SUITE 530
    BUFFALO,NY14214     		  PC GENERAL SUPPORT AND COVID-19 RELIEF 5,000
    JUST BUFFALO LITERACY CENTER
    468 WASHINGTON ST
    BUFFALO,NY14203     		  PC GENERAL SUPPORT AND COVID-19 RELIEF 5,000
    MADONNA OF THE STREETS
    PO BOX 448
    BUFFALO,NY14215     		  PC ST. LUKE'S MISSION OF MERCY 15,000
    MARTHA'S VINEYARD COMMUNITY SERVICES INC
    111 EDGARTOWN ROAD
    VINEYARD HAVEN,MA02568     		  PC HEALTHY AGING MV COALITION 10,000
    MARTHA'S VINEYARD COMMUNITY SERVICES INC
    111 EDGARTOWN ROAD
    VINEYARD HAVEN,MA02568     		  PC GENERAL SUPPORT 50,000
    MARTHA'S VINEYARD HOSPITAL
    PO BOX 1477
    OAK BLUFFS,MA02557     		  PC GENERAL SUPPORT 5,000
    MARTHA'S VINEYARD NONPROFIT COLLABORATIVE
    PO BOX 1018
    WEST TISBURY,MA02575     		  PC GENERAL SUPPORT 15,000
    MASSACHUSETTS GENERAL HOSPITAL
    125 NASHUA ST SUITE 540
    BOSTON,MA02114     		  PC RECOVERY RESEARCH INSTITUTE 50,000
    MASSACHUSETTS GENERAL HOSPITAL
    125 NASHUA ST SUITE 540
    BOSTON,MA02114     		  PC ADDICTION RECOVERY MGMT SERVICES 50,000
    MEALS ON WHEELS OF NIAGARA FALLS
    1920 18TH STREET
    NIAGARA FALLS,NY14305     		  PC GENERAL SUPPORT 20,000
    MEDSTAR GEORGETOWN UNIVERSITY HOSPITAL - MENTAL HEALTH INNOVATION CENTER
    3800 RESERVOIR ROAD NW
    WASHINGTON,DC20007     		  PC THE FAMILY AT THE CENTER: EMOTION WELLBEING FOR CHILDREN, YOUTH, AND FAMILIES PROJECT 100,000
    MIRACLE LEAGUE OF GRAND ISLAND & WESTERN NY INC
    PO BOX 833
    GRAND ISLAND,NY14072     		  PC GENERAL SUPPORT 5,000
    MISTY MEADOWS EQUINE LEARNING CENTER INC
    55 MISTY MEADOWS LANE
    VINEYARD HAVEN,MA02568     		  PC GENERAL SUPPORT 10,000
    MOMENTA
    11 FERN AVENUE
    AMESBURY,MA01913     		  PC LITERACY PROGRAM 50,000
    MONTSERRAT COLLEGE OF ART
    23 ESSEX STREET
    BEVERLY,MA01915     		  PC SCHOLARSHIPS AND EDUCATION PROGRAMS 25,000
    MOUNT ST MARY'S HOSPITAL FOUNDATION
    5300 MILITARY ROAD
    LEWISTON,NY14092     		  PC GENERAL SUPPORT 25,000
    MVYOUTH INC
    PO BOX 65
    CHILMARK,MA02535     		  PC GENERAL SUPPORT/EARLY CHILDHOOD EDUCATION INITIATIVE 60,000
    NARDIN ACADEMY
    135 CLEVELAND AVE
    BUFFALO,NY14222     		  PC GENERAL SUPPORT 10,000
    NEW PROFIT INC
    200 CLARENDON ST FL 29
    BOSTON,MA02116     		  PC INCLUSIVE IMPACT INITIATIVE 100,000
    NIAGARA FALLS AQUARIUM
    701 WHIRLPOOL STREET
    NIAGRA FALLS,NY14301     		  PC GENERAL SUPPORT 5,000
    NIAGARA FALLS MEMORIAL MEDICAL CENTER
    621 10TH STREET
    NIAGARA FALLS,NY14302     		  PC GENERAL SUPPORT 30,000
    NIAGARA HOSPICE
    4675 SUNSET DRIVE
    LOCKPORT,NY140941231     		  PC GENERAL SUPPORT 10,000
    NIAGARA LUTHERAN HEALTH FOUNDATION
    5959 BROADWAY STREET
    LANCASTER,NY14086     		  PC LEADERSHIP COUNCIL CAMPAIGN 60,000
    OPEN DOOR CAPE ANN FOOD PANTRY
    28 EMERSON AVENUE
    GLOUCESTER,MA01930     		  PC CAPITAL CAMPAIGN 100,000
    OPEN DOOR CAPE ANN FOOD PANTRY
    28 EMERSON AVENUE
    GLOUCESTER,MA01930     		  PC GLOUCESTER FOOD PANTRY/EMERGENCY PANTRY FOOD DURING COVID-19 PANDEMIC 75,000
    OXFAM AMERICA
    226 CAUSEWAY STREET 5TH FLOOR
    BOSTON,MA02114     		  PC GENERAL SUPPORT 2,000
    PARKER HILL ORTHOPEDIC RESEARCH FOUNDATION
    125 PARKER HILL AVENUE SUITE 545
    BOSTON,MA02120     		  PC RESEARCH FOR HIP AND KNEE REPLACEMENTS 10,000
    PARTNERS IN HEALTH
    PO BOX 996
    FREDERICK,MD217059942     		  PC GENERAL SUPPORT 2,000
    PATHWAYS FOR CHILDREN
    29 EMERSON AVENUE
    GLOUCESTER,MA01930     		  PC GENERAL SUPPORT 70,000
    PATHWAYS FOR CHILDREN
    29 EMERSON AVENUE
    GLOUCESTER,MA01930     		  PC TECHNOLOGY 10,000
    PATHWAYS FOR CHILDREN
    29 EMERSON AVENUE
    GLOUCESTER,MA01930     		  PC EVENT SPONSORSHIP 10,000
    PATHWAYS FOR CHILDREN
    29 EMERSON AVENUE
    GLOUCESTER,MA01930     		  PC PLANNING FOR THE FUTURE 10,000
    PEOPLE INC
    1219 NORTH FOREST ROAD
    WILLIAMSVILLE,NY14231     		  PC GENERAL SUPPORT 10,000
    PINNACLE COMMUNITY SERVICES
    1522 MAIN STREET
    NIAGARA FALLS,NY14305     		  PC GENERAL SUPPORT 30,000
    PLYMOUTH CROSSROADS
    PO BOX 1130
    WEST SENECA,NY14224     		  PC GENERAL SUPPORT 25,000
    RAW ART WORKS INC
    37 CENTRAL SQUARE
    LYNN,MA01901     		  PC ART SUPPLIES FOR REMOTE LEARNING AND EMERGENCY USES DURING COVID-19 PANDEMIC 30,000
    RAY OF LIGHT FARM INC
    232 TOWN STREET
    EAST HADDAM,CT06423     		  PC GENERAL SUPPORT 2,000
    ROCKPORT MUSIC INC
    37 MAIN STREET
    ROCKPORT,MA01966     		  PC JAZZ WORKSHOP AND ROCKPORT CHAMBER MUSIC FELLOWS PROGRAM 50,000
    ROCKPORT MUSIC INC
    37 MAIN STREET
    ROCKPORT,MA01966     		  PC GENERAL SUPPORT 50,000
    RONALD MCDONALD HOUSE OF WNY
    780 WEST FERRY STREET
    BUFFALO,NY14222     		  PC CAPITAL IMPROVEMENTS 10,000
    ROSWELL PARK ALLIANCE FOUNDATION
    ELM AND CARLTON STREETS
    BUFFALO,NY14263     		  PC GENERAL SUPPORT 45,000
    SASSAFRAS EARTH EDUCATION
    5 CHURCH STREET
    AQUINNAH,MA02535     		  PC GENERAL SUPPORT 1,000
    SHEA'S PERFORMING ARTS CENTER
    646 MAIN STREET
    BUFFALO,NY14202     		  PC GENERAL SUPPORT 10,000
    SOCIETY OF ST VINCENT DE PAUL
    1298 MAIN STREET
    BUFFALO,NY14209     		  PC GENERAL SUPPORT 5,000
    SUMMER INSTITUTE FOR HUMAN RIGHTS & GENOCIDE STUDIES INC
    5999 SOUTH PARK AVE SUITE 201
    HAMBURG,NY14075     		  PC GENERAL SUPPORT 5,000
    SUNY BUFFALO STATE FOUNDATION
    1300 ELMWOOD AVENUE CLEVELAND HALL
    304
    BUFFALO,NY14222     		  PC GENERAL SUPPORT 10,000
    THE ACADEMY FOR HUMAN RIGHTS INC
    5999 SOUTH PARK AVE SUITE 201
    HAMBURG,NY14075     		  PC GENERAL SUPPORT 5,000
    THE CAPE COD FOUNDATION
    261 WHITES PATH UNIT 2
    SOUTH YARMOUTH,MA02664     		  PC GENERAL SUPPORT / COVID-19 RELIEF 25,000
    THE CHILDREN'S GUILD FOUNDATION
    726 EXCHANGE STREET SUITE 1016
    BUFFALO,NY14210     		  PC GENERAL SUPPORT 5,000
    THE CHILDREN'S HOSPITAL OF BUFFALO FOUNDATION
    1028 MAIN STREET 4TH FLOOR
    BUFFALO,NY14202     		  PC GENERAL SUPPORT 10,000
    THE FAMILY PANTRY OF CAPE COD CORPORATION
    133 QUEEN ANN ROAD
    HARWICH,MA02645     		  PC GENERAL SUPPORT 10,000
    THE FIELD FUND
    49 NORTH ROAD
    CHILMARK,MA02535     		  PC GENERAL SUPPORT 55,000
    THE GOW SCHOOL
    2491 EMERY ROAD PO BOX 85
    SOUTH WALES,NY14139     		  PC GENERAL SUPPORT 25,000
    THE MARTHA'S VINEYARD FILM FESTIVAL
    PO BOX 592
    CHILMARK,MA02535     		  PC GENERAL SUPPORT 75,000
    THE NIAGARA ARTS & CULTURAL CENTER (NACC)
    1201 PINE AVENUE
    NIAGARA FALLS,NY14301     		  PC GENERAL SUPPORT 15,000
    THE PERMANENT ENDOWMENT FUND FOR MARTHA'S VINEYARD
    4C COURNOYER ROAD
    WEST TISBURY,MA02575     		  PC PLANET OCEANS LLC/LAND PROTECTION FUND FOR MARTHA'S VINEYARD 65,000
    THE SALVATION ARMY - BUFFALO AREA SERVICES
    960 MAIN STREET
    BUFFALO,NY14202     		  PC GENERAL SUPPORT 25,000
    THE SALVATION ARMY - NIAGARA FALLS AREA SERVICES
    7018 BUFFALO AVENUE
    NIAGARA FALLS,NY14304     		  PC GENERAL SUPPORT 15,000
    THE SALVATION ARMY - SOUTHERN NEW ENGLAND DIVISION
    855 ASYLUM AVE
    HARTFORD,CT06105     		  PC GENERAL SUPPORT 2,500
    THE SCHOONER ADVENTURE
    23 HARBOR LOOP
    GLOUCESTER,MA01930     		  PC COVID-19 PANDEMIC RELIEF 30,000
    THE YARD INC
    1 THE YARD
    CHILMARK,MA02535     		  PC GENERAL SUPPORT/COVID-19 RELIEF 50,000
    THE YARD INC
    1 THE YARD
    CHILMARK,MA02535     		  PC "MAKE IT" DANCE PROGRAM 50,000
    TORN SPACE THEATER
    612 FILLMORE AVENUE
    BUFFALO,NY14212     		  PC GENERAL SUPPORT 5,000
    UNITED WAY OF BUFFALO & ERIE COUNTY
    742 DELAWARE AVENUE
    BUFFALO,NY14209     		  PC GENERAL SUPPORT 25,000
    UNITED WAY OF GREATER NIAGARA
    6420 INDUCON DRIVE WEST SUITE B2
    SANBORN,NY14132     		  PC GENERAL SUPPORT 10,000
    VINEYARD CONSERVATION SOCIETY
    PO BOX 2189
    VINEYARD HAVEN,MA02568     		  PC WATER FILTER STATIONS/LEGAL LAND PROTECTION INITIATIVES 24,000
    VINEYARD FAMILY TENNIS
    PO BOX 72
    OAK BLUFFS,MA02557     		  PC GENERAL SUPPORT 3,000
    VINEYARD HOUSE
    PO BOX 4599 56 SHORT HILL ROAD
    VINEYARD HAVEN,MA02568     		  PC GENERAL SUPPORT/COVID-19 RELIEF 35,000
    VISTA LIFE INNOVATIONS INC
    107 BRADLEY ROAD
    MADISON,CT06443     		  PC KEITH MURPHY MEMORIAL FUND 500
    WALNUT HILL SCHOOL OF THE ARTS
    12 HIGHLAND STREET
    NATICK,MA01760     		  PC SCHOLARSHIP FUND 15,000
    WALNUT HILL SCHOOL OF THE ARTS
    12 HIGHLAND STREET
    NATICK,MA01760     		  PC EMERGENCY FUND 10,000
    WALNUT HILL SCHOOL OF THE ARTS
    12 HIGHLAND STREET
    NATICK,MA01760     		  PC ANNUAL FUND 50,000
    WELLSPRING HOUSE INC
    302 ESSEX AVENUE
    GLOUCESTER,MA01930     		  PC CAREER ADVISING FOR YOUTH AND ADULTS/SOFTWARE UPGRADE 50,000
    WELLSPRING HOUSE INC
    302 ESSEX AVENUE
    GLOUCESTER,MA01930     		  PC COVID-19 PANDEMIC RELIEF 25,000
    WESTERN NEW YORK HERITAGE PRESS INC
    495 PINE RIDGE HERITAGE BLVD
    CHEEKTOWAGA,NY14225     		  PC GENERAL SUPPORT 10,000
    WNY CENTER FOR THE VISUALLY IMPAIRED
    3070 TRANSIT ROAD
    WEST SENECA,NY14224     		  PC GENERAL SUPPORT 10,000
    WOODWELL CLIMATE RESEARCH CENTER
    149 WOODS HOLD ROAD
    FALMOUTH,MA02540     		  PC CAPITAL CAMPAIGN 30,000
    YMCA OF MARTHA'S VINEYARD
    111R EDGARTOWN VINEYARD HAVEN RD
    VINEYARD HAVEN,MA02568     		  PC GENERAL SUPPORT/COVID-19 RELIEF FUND 200,000
    YMCA OF THE NORTH SHORE INC
    245 CABOT STREET
    BEVERLY,MA01915     		  PC NEW YMCA FACILITY/CONSTRUCTION PROJECT 1,250,000
    YMCA OF THE NORTH SHORE INC
    245 CABOT STREET
    BEVERLY,MA01915     		  PC EMERGENCY CHILDCARE 75,000
    OPPORTUNITIES COLLABORATIVE FOR SPECIAL NEEDS STUDENTS INC
    201 MILLWOOD DRIVE
    TONAWANDA,NY14150     		  PC GENERAL SUPPORT 100,000
    Total .................................bullet 3a 5,315,000
    bApproved for future payment
    BURCHFIELD-PENNEY ART CENTER
    1300 ELMWOOD AVENUE
    BUFFALO,NY14222     		  PC MATCHING GRANT / EDUCATION ENDOWMENT - NOT TO EXCEED $625,000 625,000
    DUKES COUNTY REGIONAL HOUSING AUTHORITY
    PO BOX 4538
    VINEYARD HAVEN,MA02568     		  PC GRANT - NOT TO EXCEED $487,000 177,066
    THE MARTHA'S VINEYARD FILM FESTIVAL
    PO BOX 592
    CHILMARK,MA02535     		  PC GIFT AGREEMENT 1,000,000
    YMCA OF THE NORTH SHORE INC
    245 CABOT STREET
    BEVERLY,MA01915     		  PC CHALLENGE GRANT - NOT TO EXCEED $3,000,000 1,400,000
    Total .................................bullet 3b 3,202,066
    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 4,368  
    4 Dividends and interest from securities.... 900099 164 14 1,125,741  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		900099 3,056 18 1,559,827  
    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).. 3,220 2,689,936 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,693,156
    (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 AccountingFeesSchedule
    Name:
    TOWER FAMILY FUND INC
    EIN:
    20-5848514
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 49,793 24,897   24,896

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    TOWER FAMILY FUND INC
    EIN:
    20-5848514
    Name of Bond End of Year Book Value End of Year Fair Market Value
    UBS #16816 2,105,333 2,261,581
    UBS #16822 1,265,882 1,376,522

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    TOWER FAMILY FUND INC
    EIN:
    20-5848514
    Name of Stock End of Year Book Value End of Year Fair Market Value
    9,484 SHS M&T BK CORP 867,725 1,207,313
    8 SHS BERKSHIRE HATHAWAY INC CL A 1,820,140 2,782,520
    UBS #26389 2,980,915 3,530,450
    UBS #26390 6,221,488 8,387,544

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    TOWER FAMILY FUND INC
    EIN:
    20-5848514
    US Government Securities - End of Year Book Value:

    2,555,009
    US Government Securities - End of Year Fair Market Value:

    2,620,275
    State & Local Government Securities - End of Year Book Value:


    132,629
    State & Local Government Securities - End of Year Fair Market Value:


    137,608


    TY 2020 InvestmentsOtherSchedule2
    Name:
    TOWER FAMILY FUND INC
    EIN:
    20-5848514
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    UBS #16848 AT COST 24,532,255 37,941,399
    UBS #16816 AT COST 1,549,750 1,573,455
    UBS #16822 AT COST 737,152 745,894
    184,852.378 SHS BLACKSTONE REAL ESTATE INCOME TRUST CL S AT COST 2,000,784 2,142,032
    .152594% INTEREST ALKEON GROWTH PARTNERS II, LLP AT COST 1,734,911 2,009,401

    TY 2020 LegalFeesSchedule
    Name:
    TOWER FAMILY FUND INC
    EIN:
    20-5848514
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 36,018 10,674   25,344


    TY 2020 OtherAssetsSchedule
    Name:
    TOWER FAMILY FUND INC
    EIN:
    20-5848514
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST, DIVIDENDS & SALES PROCEEDS RECEIVABLE 46,179 57,881 57,881
    PREPAID INTEREST 4,519 3,406 3,406


    TY 2020 OtherExpensesSchedule
    Name:
    TOWER FAMILY FUND INC
    EIN:
    20-5848514
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NYS FILING FEE 1,500 0   1,500
    INVESTMENT EXPENSE 5,613 5,613   0
    OFFICE EXPENSE 189 0   189
    ORDINARY LOSS PASSED THROUGH ALKEON GROWTH PARTNERS II, LP 22,615 22,615   0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    TOWER FAMILY FUND INC
    EIN:
    20-5848514
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 344,475 0   344,475
    INVESTMENT MANAGEMENT FEES 56,806 56,806   0
    INVESTMENT ADVISORY, CUSTODIAN & REPORTING FEES 113,648 113,648   0
    3RD PARTY INVESTMENT MANAGER FEES 55,818 55,818   0


    TY 2020 TaxesSchedule
    Name:
    TOWER FAMILY FUND INC
    EIN:
    20-5848514
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 12,523 12,523   0
    FEDERAL EXCISE TAXES 20,705 0   0