Form990-PF
Click to see attachment

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
AGUA FUNDINC
 
Number and street (or P.O. box number if mail is not delivered to street address)1010 WISCONSIN AVENUE NW NO 550
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, DC20007
A Employer identification number

11-3659697
B Telephone number (see instructions)

(202) 342-2482
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$15,128,439J 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) 3,520,146
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 120,381 117,785  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 461,593
b Gross sales price for all assets on line 6a 9,864,815
7 Capital gain net income (from Part IV, line 2)... 3,217,096
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 4,102,120 3,334,881  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 154,341 0   154,341
16a Legal fees (attach schedule)......... Click to see attachment 2,729 0   2,729
b Accounting fees (attach schedule)....... Click to see attachment 4,000 0   4,000
c Other professional fees (attach schedule).... Click to see attachment 309,135 22,673   286,462
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 90,119 35   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 7,399 0   7,399
22 Printing and publications.......... 7,338 0   7,338
23 Other expenses (attach schedule)....... Click to see attachment 76,775 6   76,769
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 651,836 22,714   539,038
25 Contributions, gifts, grants paid....... 2,658,000 2,658,000
26 Total expenses and disbursements. Add lines 24 and 25 3,309,836 22,714   3,197,038
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 792,284
b Net investment income (if negative, enter -0-) 3,312,167
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......... 2,972,186 3,511,410 3,449,085
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   106,344    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 5,935,578 Click to see attachment6,100,398 7,932,222
c Investments—corporate bonds (attach schedule)....... 2,743,024 Click to see attachment2,952,866 3,063,470
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans............. 400,000 400,000 400,000
13 Investments—other (attach schedule).......... 249,387 Click to see attachment251,120 283,662
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) 12,406,519 13,215,794 15,128,439
Liabilities 17 Accounts payable and accrued expenses.......... 325 17,324
18 Grants payable................. 45,000 45,000
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)......... 45,325 62,324
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 12,361,194 13,153,470
29 Total net assets or fund balances (see instructions)..... 12,361,194 13,153,470
30 Total liabilities and net assets/fund balances (see instructions). 12,406,519 13,215,794
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
12,361,194
2
Enter amount from Part I, line 27a .....................
2
792,284
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
13,153,478
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
8
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,153,470
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 SECURITY P    
b PUBLICLY TRADED SECURITY P    
c PUBLICLY TRADED SECURITY D    
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 3,821,976   3,781,607 40,369
b 2,399,545   2,101,469 298,076
c 3,529,362   764,643 2,764,719
d 113,932     113,932
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       40,369
b       298,076
c       2,764,719
d       113,932
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 3,217,096
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 46,039
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 46,039
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 46,039
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 49,918
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 54,918
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 8,879
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet8,879 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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
 
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)
    bulletDC
    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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.AGUAFUND.ORG
    14
    The books are in care ofbulletBESSEMER TRUST Telephone no.bullet (212) 708-9216

    Located atbullet630 FIFTH AVENUENEW YORKNY ZIP+4bullet10111
    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
    CATHERINE M CONOVER PRESIDENT, DIRECTOR
    2.00     		0 0 0
    C/O AGUA FD 1010 WISCONSIN AVE NW
    STE 550
    WASHINGTON,DC20007
    RICHARD J CICERO VICE-PRESIDENT & DIRECTOR
    2.00     		0 0 0
    C/O AGUA FD 1010 WISCONSIN AVE NW
    STE 550
    WASHINGTON,DC20007
    LINDA LOCKE TREASURER
    6.00     		0 0 0
    C/O QUERCUS1010 WISCONSIN AVE NW
    STE 550
    WASHINGTON,DC20007
    ANN MILLS EXECUTIVE DIRECTOR & SECRE
    40.00     		161,120 0 0
    C/O AGUA FD 1010 WISCONSIN AVE NW
    STE 550
    WASHINGTON,DC20007
    JOY A HORWITZ ESQ DIRECTOR
    2.50     		0 0 0
    241 JEFFERSON AVENUE
    HADDONFIELD,NJ08033
    MEGAN GALLAGHER DIRECTOR
    2.50     		0 0 0
    3126 HALFWAY ROAD
    THE PLAINS,VA20198
    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
    QUERCUS LLC OPERATIONAL & PROFESSIONAL 271,474
    C/O 1010 WISCONSIN AVE NW STE 550
    WASHINGTON,DC20007
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    10,152,079
    b
    Average of monthly cash balances.......................
    1b
    2,671,667
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,823,746
    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
    12,823,746
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    192,356
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,631,390
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    631,570
    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
    631,570
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    46,039
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    46,039
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    585,531
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    585,531
    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
    585,531
    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
    3,197,038
    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
     
    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
    3,197,038
    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
    3,197,038
    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 7 585,531
    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...... 2,641,167
    b From 2016...... 3,450,118
    c From 2017...... 3,106,182
    d From 2018...... 2,442,431
    e From 2019...... 2,359,039
    fTotal of lines 3a through e........ 13,998,937
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 3,197,038
    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..... 585,531
    e Remaining amount distributed out of corpus 2,611,507
    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 16,610,444
    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) ...     		2,641,167
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		13,969,277
    10 Analysis of line 9:
    a Excess from 2016.... 3,450,118
    b Excess from 2017.... 3,106,182
    c Excess from 2018.... 2,442,431
    d Excess from 2019.... 2,359,039
    e Excess from 2020.... 2,611,507
    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).)
    CATHERINE M CONOVER
    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
    ALLEGHANY-BLUE RIDGE ALLIANCE
    PO BOX 685
    MONTEREY,VA24465     		NONE EXEMPT RESPONSE TO PROPOSED ATLANTIC COAST PIPELINE 30,000
    ALLIANCE FOR THE SHENANDOAH VALLEY
    PO BOX 674
    NEW MARKET,VA22844     		NONE EXEMPT FOR GENERAL SUPPORT 150,000
    AMERICAN RIVERS
    1101 14TH STREET NW
    WASHINGTON,DC20005     		NONE EXEMPT SUPPORT FOR CLEAN WATER FOR ALL COALITION 40,000
    ANACOSTIA WATERSHED SOCIETY - THE GEORGE WASHINGTON HOUSE
    4302 BALTIMORE AVENUE
    BLADENSBURG,MD20710     		NONE EXEMPT FOR GENERAL SUPPORT 10,000
    APPLESEED CENTER FOR LAW AND JUSTICE INC (DC APPLESEED)
    1111 14TH STREET NW SUITE 510
    WASHINGTON,DC20005     		NONE EXEMPT FOR WORK TO STRENGTHEN THE LONG-TERM CARE WORKFORCE 25,000
    BLUE RIDGE AREA FOOD BANK INC
    PO BOX 937 / 96 LAUREL HILL ROAD
    VERONA,VA24482     		NONE EXEMPT GENERAL SUPPORT 20,000
    CENTER FOR MIND-BODY MEDICINE
    5225 CONNECTICUT AVENUE NW SUITE
    414
    WASHINGTON,DC20015     		NONE EXEMPT FOR HEALING OUR TROOPS PROGRAM 20,000
    CHRIST CHURCH MILLWOOD
    PO BOX 153 / 843 BISHOP MEADE ROAD
    MILLWOOD,VA22646     		NONE EXEMPT TO SUPPORT THE FOOD PANTRY 12,000
    COLORADO WEST LAND TRUST
    1006 MAIN STREET
    GRAND JUNCTION,CO81501     		NONE EXEMPT FOR GENERAL SUPPORT 25,000
    COMMUNITY FOUNDATION OF COLLIER COUNTY
    1110 PINE RIDGE ROAD SUITE 200
    NAPLES,FL34108     		NONE EXEMPT FOR BOARD DIRECTED SOCIAL SERVICES AND ENVIROMENTAL GRANTS 436,000
    CONSERVANCY OF SOUTHWEST FLORIDA
    1495 SMITH PRESERVE WAY
    NAPLES,FL34102     		NONE EXEMPT FOR GENERAL SUPPORT 20,000
    DC ARTS & HUMANITIES EDUCATION COLLABORATIVE
    1001 G STREET NW SUITE 100W
    WASHINGTON,DC20001     		NONE EXEMPT TO EXPAND MUSICAL OFFERINGS TO K-12 STUDENTS OF DCPS 15,000
    DC HUNGER SOLUTIONS
    1200 18TH STREET NW SUITE 400
    WASHINGTON,DC20036     		NONE EXEMPT FOR WORK WITH THE LOW-INCOME ELDERLY 15,000
    EVERYMIND
    1000 TWINBROOK PARKWAY
    ROCKVILLE,MD20851     		NONE EXEMPT FOR SERVING TOGETHER PROGRAM 20,000
    FIRST NATIONS DEVELOPMENT INSTITUTE
    2432 MAIN ST 2ND FLOOR
    LONGMONT,CO80501     		NONE EXEMPT FOR THE NOURISHING NATIVE FOODS AND HEALTH INITIATIVE 100,000
    FOOD AND FRIENDS
    219 RIGGS ROAD NE
    WASHINGTON,DC20011     		NONE EXEMPT FOR EMERGENCY RESPONSE TO THE COVID-19 PANDEMIC 10,000
    FUTURE HARVEST-CASA
    1114 SHAWAN ROAD SUITE 1
    COCKEYSVILLE,MD21030     		NONE EXEMPT SPONSORSHIP OF REGENERATIVE AG TRACK AT FUTURE HARVEST CONFERENCE 5,000
    GREATER WASHINGTON COMMUNITY FOUNDATION
    1325 G STREET NW SUITE 480
    WASHINGTON,DC20005     		NONE EXEMPT FOR EMERGENCY RESPONSE TO THE COVID-19 PANDEMIC 20,000
    GREATER WASHINGTON EDUCATIONAL TELECOMMUNICATIONS ASSOCIATION INC
    3939 CAMPBELL AVENUE
    ARLINGTON,VA22206     		NONE EXEMPT FOR PBS NEWSHOUR VOTING IN A VIRUS SERIES 15,000
    HOPI FOUNDATION
    PO BOX 301
    KYKOTSMOVI,AZ86039     		NONE EXEMPT FOR OUTREACH DURING COVID-19 PANDEMIC 4,000
    HOUSE OF RUTH
    5 THOMAS CIRCLE NW 4TH FLOOR
    WASHINGTON,DC20005     		NONE EXEMPT FOR EMERGENCY RESPONSE TO THE COVID-19 PANDEMIC 10,000
    IONA SENIOR SERVICES
    4125 ALBEMARLE STREET NW
    WASHINGTON,DC20016     		NONE EXEMPT FOR COALITION WORK & EMERGENCY FUNDS FOR PANDEMIC 70,000
    LAND TRUST ALLIANCE
    1660 L STREET NW SUITE 1100
    WASHINGTON,DC20036     		NONE EXEMPT FOR THE CHESAPEAKE BAY LAND & WATER INITIATIVE 50,000
    LAWYERS COMMITTEE FOR CIVIL RIGHTS UNDER LAW
    1401 NEW YORK AVENUE NW SUITE 400
    WASHINGTON,DC20005     		NONE EXEMPT FOR GENERAL SUPPORT 40,000
    LEAGUE OF CONSERVATION VOTERS EDUCATION FUND
    1920 L STREET NW SUITE 800
    WASHINGTON,DC20036     		NONE EXEMPT FOR GENERAL SUPPORT 40,000
    LEGAL COUNSEL FOR THE ELDERLY
    601 E STREET NW
    WASHINGTON,DC20049     		NONE EXEMPT FOR COMMUNICATIONS AND MEDIA OUTREACH 40,000
    MA KA HANA KA IKE
    PO BOX 968
    HANA,HI96713     		NONE EXEMPT FOR PROGRAM WHERE YOUTH ADDRESS HOUSING MAINTENANCE NEEDS OF SENIORS 10,000
    MEDSTAR WASHINGTON HOSPITAL CENTER FOUNDATION
    100 IRVING STREET NW EB-1001
    WASHINGTON,DC20010     		NONE EXEMPT FOR THE MEDICAL HOUSE CALL PROGRAM 30,000
    MID ATLANTIC FOOD RESILIENCE AND ACCESS COALITION WINDWARD FUND
    1201 CONNECTICUT AVENUE NW SUITE
    300
    WASHINGTON,DC20036     		NONE EXEMPT FOR EMERGENCY RESPONSE TO THE COVID-19 PANDEMIC 50,000
    NATIONAL CONGRESS OF AMERICANS INDIANS - EMBASSY OF TRIBAL NATIONS
    1516 P ST NW
    WASHINGTON,DC20005     		NONE EXEMPT FOR GENERAL SUPPORT 45,000
    NATIONAL SUSTAINABLE AGRICULTURE COALITION
    110 MARYLAND AVENUE NE SUITE 209
    WASHINGTON,DC20002     		NONE EXEMPT FOR GENERAL SUPPORT 40,000
    NATIONAL WILDLIFE FEDERATION - CHESAPEAKE MID-ATLANTIC REGIONAL CENTER
    706 GIDDINGS AVENUE SUITE 2C
    ANNAPOLIS,MD21401     		NONE EXEMPT FOR GENERAL SUPPORT FOR THE CHOOSE CLEAN WATER COALITION 85,000
    NATIVE AMERICAN RIGHTS FUND
    1506 BROADWAY
    BOULDER,CO80302     		NONE EXEMPT FOR GENERAL SUPPORT 50,000
    NDN COLLECTIVE
    317 MAIN STREET 1
    RAPID CITY,SD57701     		NONE EXEMPT TO SUPPORT COVID-19 RESPONSE PROJECT 45,000
    NEW VIRGINIA MAJORITY
    3801 MT VERNON AVENUE
    ALEXANDRIA,VA22305     		NONE EXEMPT FOR GENERAL SUPPORT 50,000
    ORGANIC FARMING RESEARCH FOUNDATION
    PO BOX 440
    SANTA CRUZ,CA95061     		NONE EXEMPT FOR GENERAL SUPPORT 30,000
    PENN FUTURE
    4825 HAZEL AVENUE
    PHILADELPHIA,PA19143     		NONE EXEMPT FOR GENERAL SUPPORT 25,000
    PENNSYLVANIA AVENUE VILLAGE EAST
    PO BOX 6846
    WASHINGTON,DC20020     		NONE EXEMPT FOR GENERAL SUPPORT 15,000
    PENNSYLVANIA VOICE
    123 SOUTH BROAD STREET
    PHILADELPHIA,PA19109     		NONE EXEMPT FOR GENERAL SUPPORT 75,000
    PHOENIX PROJECT
    PO BOX 1747
    FRONT ROYAL,VA22630     		NONE EXEMPT FOR GENERAL SUPPORT 10,000
    PIEDMONT ENVIRONMENTAL COUNCIL
    PO BOX 460
    WARRENTON,VA22186     		NONE EXEMPT FOR GENERAL SUPPORT 150,000
    POTOMAC CONSERVANCY
    210 SOUTH BRADDOCK STREET
    WINCHESTER,VA22601     		NONE EXEMPT SUPPORT FOR NORTHERN SHENANDOAHS VALLEY PRIORITY LANDS INITIATIVE 40,000
    POTOMAC RIVERKEEPER NETWORK
    1615 M STREET NW 2ND FLOOR
    WASHINGTON,DC20035     		NONE EXEMPT FOR GENERAL SUPPORT 100,000
    PROGEORGIA
    151 ELLIS STREET NE
    ATLANTA,GA30303     		NONE EXEMPT FOR GENERAL SUPPORT 20,000
    PUERTO RICO COMMUNITY FOUNDATION
    PO BOX 70362
    SAN JUAN,PR009368362     		NONE EXEMPT FOR COVID-19 RESPONSE 10,000
    SEABURY RESOURCES FOR THE AGING
    6031 KANSAS AVENUE NW
    WASHINGTON,DC20011     		NONE EXEMPT FOR AGE-IN-PLACE PROGRAM 20,000
    SIERRA CLUB FOUNDATION
    85 SECOND STREET SUITE 750
    SAN FRANCISCO,CA94105     		NONE EXEMPT FOR BEYOND DIRTY FUELS CAMPAIGN 25,000
    SOUTHERN ENVIRONMENTAL LAW CENTER
    201 W MAIN STREET SUITE 14
    CHARLOTTESVILLE,VA22902     		NONE EXEMPT FOR GENERAL SUPPORT 100,000
    THE LAUREL CENTER
    PO BOX 14
    WINCHESTER,VA22604     		NONE EXEMPT TO SUPPORT VICTIMS OF DOMESTIC AND SEXUAL VIOLENCE 10,000
    THRIVE DC
    309 E STREET NW
    WASHINGTON,DC20001     		NONE EXEMPT FOR MEALS AND SERVICES FOR INDIVIDUALS EXPERIENCING HOMELESSNESS 10,000
    TIDES FOUNDATIONMOVEMENT VOTER FUND
    PO BOX 399389
    SAN FRANCISCO,CA94139     		NONE EXEMPT FOR GENERAL SUPPORT 45,000
    TROUT UNLIMITED
    321 MAIN STREET SUITE 411
    BOZEMAN,MT59715     		NONE EXEMPT FOR THE LIQUID ASSETS PROJECT 45,000
    UNIVERSITY OF ARKANSAS - ENTERPRISE CENTER
    534 W RESEARCH CENTER BOULEVARD
    SUITE 219
    FAYETTEVILLE,AR72701     		NONE EXEMPT FOR INDIGENOUS FOOD AND AGRICULTURE INITIATIVE 35,000
    VIRGINIA CIVIC ENGAGEMENT TABLE
    703 CONCORD AVENUE
    CHARLOTTESVILLE,VA22903     		NONE EXEMPT FOR GENERAL SUPPORT 40,000
    VIRGINIA CONSERVATION NETWORK
    409 EAST MAIN STREET SUITE 201
    RICHMOND,VA23219     		NONE EXEMPT FOR GENERAL SUPPORT 50,000
    VIRGINIA LEAGUE OF CONSERVATION VOTERS EDUCATION FUND
    100 WEST FRANKLIN STREET SUITE 102
    RICHMOND,VA23220     		NONE EXEMPT FOR GENERAL SUPPORT 20,000
    VIRGINIA ORGANIZING
    703 CONCORD AVENUE
    CHARLOTTESVILLE,VA22903     		NONE EXEMPT FOR GENERAL SUPPORT. 50,000
    VIRGINIAS UNITED LAND TRUST (VAULT)
    4022-A HUMMER ROAD
    ANNANDALE,VA22003     		NONE EXEMPT GENERAL SUPPORT AND SPONSORSHIP OF CONSERVATION AND GREENWAYS CONFERENCE 26,000
    WESTERN COLORADO ALLIANCE
    PO BOX 1931
    GRAND JUNCTION,CO81502     		NONE EXEMPT FOR GENERAL SUPPORT 40,000
    WILD VIRGINIA
    PO BOX 1065 / 108 FIFTH STREET SE
    ROOM 206
    CHARLOTTESVILLE,VA22902     		NONE EXEMPT FOR GENERAL SUPPORT 20,000
    Total .................................bullet 3a 2,658,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 120,381  
    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 ............     		    18 461,593  
    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).. 0 581,974 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    581,974
    (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
    AGUA FUNDINC
     
    Employer identification number

    11-3659697
    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
    AGUA FUNDINC
          		Employer identification number
    11-3659697
    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
    CMC TRUST DTD 31919
     
    1010 WISCONSIN AVE NW SUITE 550
     
    WASHINGTON, DC20007

    		$ 1,749,552


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    CMC TRUST DTD 31919
     
    1010 WISCONSIN AVE NW SUITE 550
     
    WASHINGTON, DC20007

    		$ 1,770,594


    (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
    AGUA FUNDINC
          		Employer identification number

    11-3659697
    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
    		 8,400 SHS OF BERKSHIRE HATHAWAY CL B $ 1,749,552 2020-08-18
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 8,400 SHS OF MICROSOFT CORP $ 1,770,594 2020-08-18
    (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
    AGUA FUNDINC
          		Employer identification number

    11-3659697
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    AGUA FUNDINC
    EIN:
    11-3659697
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,000 0   4,000

    TY 2020 GeneralExplanationAttachment
    Name:
    AGUA FUNDINC
    EIN:
    11-3659697
    Identifier Return Reference Explanation
    LIST OF OFFICERS, DIRECTORS, TRUSTEES, AND FOUNDATION MANAGERS FORM 990-PF, PART VIII COMPENSATION IS PAID THROUGH QUERCUS LLC WHICH HANDLES MANAGEMENT AND ADMINISTRATION FOR THE AGUA FUND.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    AGUA FUNDINC
    EIN:
    11-3659697
    Name of Bond End of Year Book Value End of Year Fair Market Value
    50000.00 APPLE INC 49,845 55,062
    30000.00 COMCAST CORP 32,921 33,070
    25000.00 AMAZON.COM INC 24,991 25,441
    30000.00 ROPER TECHNOLOGIES INC 29,958 30,392
    30000.00 SALESFORCE.COM INC 31,679 31,959
    30000.00 BROADCOM CRP / CAYMN FI 32,395 32,451
    25000.00 SOUTHWEST AIRLINES CO 29,101 29,722
    30000.00 VERIZON COMMUNICATIONS 30,354 29,880
    30000.00 GOLDMAN SACHS GROUP INC 30,000 30,140
    30000.00 D.R. HORTON INC 29,913 30,189
    30000.00 ESTEE LAUDER CO INC 32,932 33,091
    30000.00 CONAGRA BRANDS INC 29,700 30,257
    30000.00 ROSS STORES INC 29,841 29,971
    40000.00 JPMORGAN CHASE & CO 39,692 47,655
    30000.00 PAYPAL HOLDINGS INC 30,730 31,376
    45000.00 AMERICAN HONDA FINANCE 44,973 45,010
    40000.00 BALTIMORE GAS & ELECTRIC 40,239 40,755
    31000.00 BRISTOL-MYERS SQUIBB CO 30,708 31,105
    32000.00 VISA INC 33,535 33,970
    30000.00 NATIONAL RURAL UTIL COOP 29,973 30,470
    40000.00 CITIGROUP INC 39,237 45,500
    25000.00 NORTHROP GRUMMAN CORP 26,034 25,965
    35000.00 ACE INA HLDGS INC 35,068 36,464
    30000.00 GENERAL DYNAMICS CORP 31,725 33,575
    30000.00 EQUIFAX INC 30,082 30,596
    30000.00 BURLINGTN NORTH SANTA FE 33,741 34,017
    30000.00 INTERCONTINENTALEXCHANGE 29,970 30,233
    25000.00 ANTHEM INC 28,643 28,815
    30000.00 MORGAN STANLEY 30,756 33,199
    30000.00 CIGNA CORP 32,564 32,398
    29000.00 DUPONT DE NEMOURS INC 33,450 33,868
    30000.00 ABBVIE INC 30,976 33,442
    30000.00 CONSTELLATION BRANDS INC 31,217 31,209
    30000.00 MCDONALD'S CORP 32,662 33,374
    30000.00 TOYOTA MOTOR CREDIT CORP 29,988 30,789
    30000.00 NUTRIEN LTD 32,245 32,591
    30000.00 SUMITOMO MITSUI FINL GRP 30,028 32,589
    2967.57 BURLINGTN NO SF 01-1 TR 3,382 3,065
    15000.00 MORRIS CNTY NJ IMPT AUTH L 15,000 15,206
    78000.00 US TREASURY N/B 79,193 84,855
    22319.00 TSY INFLATION INDEX BOND 21,974 23,959
    147000.00 US TREASURY NOTES 148,550 149,354
    167000.00 US TREASURY NOTES 155,872 177,581
    140000.00 US TREASURY BONDS 151,343 150,871
    42000.00 US TREASURY NOTE 42,678 45,245
    289000.00 US TREASURY NOTES 297,767 308,326
    126000.00 US TREASURY N/B 136,087 133,245
    25000.00 US TREASURY NOTE 25,606 25,471
    154000.00 US TREASURY NOTES 150,171 168,184
    24000.00 US TREASURY NOTES 24,111 24,218
    26000.00 US TREASURY BONDS 27,637 35,254
    51000.00 US TREASURY NOTES 59,689 58,522
    189000.00 US TREASURY N/B 202,519 201,048
    54792.00 TSY INFL IX N/B 54,792 61,151
    80000.00 US TREASURY NOTES 85,677 88,800
    64000.00 US TREASURY NOTE 68,952 68,525

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    AGUA FUNDINC
    EIN:
    11-3659697
    Name of Stock End of Year Book Value End of Year Fair Market Value
    150.00 SEA LTD ADR 6,652 29,857
    61.00 MATCH GROUP INC 5,954 9,222
    300.00 FACEBOOK INC-A 51,857 81,948
    35.00 ALPHABET INC. CLASS A 19,029 61,342
    80.00 CHARTER COMMUNICATIONS INC 40,090 52,924
    505.00 TENCENT HOLDINGS LTD 20,777 36,724
    62.00 ALPHABET INC CLASS C 69,486 108,616
    40.00 BURLINGTON STORES INC 7,059 10,462
    270.00 HILTON WORLDWIDE HOLDINGS 28,837 30,040
    123.00 ALIBABA GROUP HOLDINGS LTD 19,449 28,625
    65.00 ADVANCE AUTO PARTS 10,115 10,238
    105.00 WYNDHAM HOTELS & RESORTS 5,099 6,241
    45.00 LVMH MOET HENNESSY VUITTON 19,748 28,211
    80.00 HOME DEPOT 14,149 21,249
    30.00 AMAZON.COM INC 36,550 97,707
    245.00 DOLLARAMA INC 8,543 9,972
    375.00 NIKE INC CL B 26,034 53,051
    260.00 ROSS STORES INC 25,866 31,930
    180.00 US FOODS HOLDING CORP 4,635 5,995
    70.00 NASDAQ INC. 6,276 9,291
    600.00 BLACKSTONE GROUP INC 35,874 38,886
    40.00 BLACKROCK INC 16,545 28,861
    60.00 S&P GLOBAL INC. 15,800 19,723
    90.00 AON PLC 18,633 19,014
    465.00 CITIGROUP INC 20,483 28,671
    390.00 SCHWAB CHARLES CORP NEW 19,339 20,685
    135.00 CHUBB LIMITED 18,062 20,779
    50.00 STERIS PLC 5,980 9,477
    225.00 ZOETIS INC 20,682 37,237
    300.00 IQVIA HOLDINGS INC 45,876 53,751
    30.00 COOPER COS INC 8,251 10,899
    25.00 TELEFLEX INC 6,750 10,289
    40.00 LAB CORP OF AMER HLDGS NEW 6,363 8,142
    205.00 DANAHER CORP 21,930 45,538
    102.00 THERMO FISHER SCIENTIFIC 25,163 47,509
    140.00 UNITEDHEALTH GROUP INC 38,773 49,095
    10.00 WEST PHARMACEUTICAL SVC 1,095 2,833
    1045.00 RENTOKIL INITIAL PLC 5,316 7,270
    210.00 SAFRAN SA 25,824 29,879
    30.00 VERISK ANALYTICS INC-CL A 3,724 6,227
    160.00 IAA INC 4,874 10,396
    390.00 FORTIVE CO 24,766 27,619
    310.00 UNION PACIFIC CORP 53,218 64,548
    130.00 SMITH A O CORP 6,236 7,126
    25.00 IDEX CORP 3,371 4,980
    70.00 DOVER CORP 5,975 8,837
    55.00 EQUIFAX INC 7,714 10,606
    20.00 L3 HARRIS TECHNOLOGIES INC 2,882 3,780
    75.00 CINTAS CORP 14,114 26,509
    60.00 CMC MATERIALS INC 8,789 9,078
    355.00 FIDELITY NATL INFO SVCS 39,472 50,218
    50.00 WEX INC 10,151 10,176
    215.00 AMPHENOL CORP 20,363 28,115
    50.00 CDW CORP/DE 5,275 6,589
    95.00 SS&C TECHNOLOGIES HOLDINGS 5,861 6,911
    11.00 PAYCOM SOFTWARE INC 3,620 4,974
    61.00 SERVICENOW INC 14,266 33,576
    435.00 VISA INC 49,682 95,147
    75.00 ADOBE INC 30,581 37,509
    50.00 SYNOPSYS INC 4,284 12,962
    680.00 MICROSOFT CORP 46,237 151,245
    25.00 ASPEN TECHNOLOGY 3,223 3,256
    25.00 ANSYS INC 3,985 9,095
    880.00 APPLE INC 30,633 116,767
    30.00 ASML HOLDING 13,454 14,635
    345.00 TEXAS INSTRUMENTS INC 35,798 56,624
    25.00 NICE LTD ADR 3,683 7,088
    177985.81 OW LARGE CAP STRATEGIES FD 2,453,369 3,050,676
    50.00 APTARGROUP INC 4,661 6,844
    125.00 AIR PRODUCTS & CHEMICALS 31,364 34,152
    160.00 AMERICAN TOWER CORP 27,947 35,913
    56807.98 OW SMALL & MIDCAP STRAT FD 860,995 1,046,402
    120.00 AMERICAN WATER WORKS CO 11,088 18,416
    265.00 AMEREN CORP 18,001 20,685
    32170.73 ALLIANZGI GLOBAL WATER FUN 453,798 617,034
    44742.73 BAILLIE GIFFORD POS CHANGE 1,000,000 1,065,324

    TY 2020 InvestmentsOtherSchedule2
    Name:
    AGUA FUNDINC
    EIN:
    11-3659697
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    IROQUOIS VALLEY FARMLAND REIT AT COST 251,120 283,662

    TY 2020 LegalFeesSchedule
    Name:
    AGUA FUNDINC
    EIN:
    11-3659697
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 2,729 0   2,729


    TY 2020 OtherDecreasesSchedule
    Name:
    AGUA FUNDINC
    EIN:
    11-3659697
    Description Amount
    ROUNDING 8


    TY 2020 OtherExpensesSchedule
    Name:
    AGUA FUNDINC
    EIN:
    11-3659697
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ASSOCIATION & AFFINITY DUES 21,990 0   21,990
    EDUCATION/MEMBERSHIP 3,887 0   3,887
    CONSULTANT FEES 45,201 0   45,201
    MEALS & ENTERTAINMENT 606 0   606
    OFFICE EXPENSE 2,637 0   2,637
    BOARD EXPENSE 842 0   842
    TELEPHONE/INTERNET 1,606 0   1,606
    DIVIDEND INVESTMENT EXPENSE 6 6   0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    AGUA FUNDINC
    EIN:
    11-3659697
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE FEES 1,928 0   1,928
    INVESTMENT FEES 22,673 22,673   0
    PROFESSIONAL FEES 284,534 0   284,534


    TY 2020 TaxesSchedule
    Name:
    AGUA FUNDINC
    EIN:
    11-3659697
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES PAID 90,000 0   0
    FOREIGN TAXES PAID 35 35   0
    FOREIGN TAX WITHHELD IN EXCESS 84 0   0