Form990-PF
Click to see list of attachments

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
Rice Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)8600 Gross Point Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Skokie, IL60077
A Employer identification number

36-6043160
B Telephone number (see instructions)

(847) 581-9999
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$80,092,193J 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 12,378 12,378 12,378
4 Dividends and interest from securities... 1,120,750 1,120,750 1,120,750
5a Gross rents............ 200,623 200,623 200,623
b Net rental income or (loss) 80,650
6a Net gain or (loss) from sale of assets not on line 10 3,330,336
b Gross sales price for all assets on line 6a 26,141,094
7 Capital gain net income (from Part IV, line 2)... 3,330,337
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)....... Click to see attachment 235,092    
12 Total. Add lines 1 through 11........ 4,899,179 4,664,088 1,333,751
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 435,555 141,256   294,299
14 Other employee salaries and wages...... 68,712 24,049   44,663
15 Pension plans, employee benefits....... 125,781 37,035   88,746
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 78,922 62,333   16,589
c Other professional fees (attach schedule).... Click to see attachment 359,339 359,339    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 25,781 25,781    
19 Depreciation (attach schedule) and depletion... Click to see attachment 75,959 31,148  
20 Occupancy.............. 37,903 9,476   28,427
21 Travel, conferences, and meetings....... 227 57   170
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 119,298 99,126   20,172
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,327,477 789,600   493,066
25 Contributions, gifts, grants paid....... 3,634,000 3,634,000
26 Total expenses and disbursements. Add lines 24 and 25 4,961,477 789,600   4,127,066
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -62,298
b Net investment income (if negative, enter -0-) 3,874,488
c Adjusted net income (if negative, enter -0-)... 1,333,751
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............. 302,681 273,938 273,938
2 Savings and temporary cash investments......... 693,473 751,182 751,182
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   Click to see attachment999,799 999,800
b Investments—corporate stock (attach schedule)....... 52,291,643 Click to see attachment52,090,025 65,713,791
c Investments—corporate bonds (attach schedule)....... 1,100,000 Click to see attachment1,100,000 1,116,253
11 Investments—land, buildings, and equipment: basis bullet7,202,667
Less: accumulated depreciation (attach schedule) bullet   7,202,667 Click to see attachment7,202,667 8,669,569
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 7,165,614 Click to see attachment6,332,541 2,021,308
14 Land, buildings, and equipment: basis bullet2,262,952
Less: accumulated depreciation (attach schedule) bullet1,823,511 515,400 Click to see attachment439,441 439,441
15 Other assets (describe bullet) Click to see attachment66,500 Click to see attachment106,911 Click to see attachment106,911
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 69,337,978 69,296,504 80,092,193
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 69,337,978 69,296,504
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 69,337,978 69,296,504
30 Total liabilities and net assets/fund balances (see instructions). 69,337,978 69,296,504
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
69,337,978
2
Enter amount from Part I, line 27a .....................
2
-62,298
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
20,824
4
Add lines 1, 2, and 3 ..........................
4
69,296,504
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
69,296,504
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 2,095.179 MSIF Ultra Short Income P 2019-10-31 2020-07-24
b 81,680.961 MSIF Ultra Short Income P 2019-01-31 2020-07-24
c 100,000 MS Trigj P 2017-12-28 2020-01-03
d Morgan Stanley #050312 - Advisor P 2020-01-01 2020-01-01
e Morgan Stanley #050312 - Advisor P 2010-01-01 2020-01-01
Morgan Stanley #050312 - Advisor P 2010-01-01 2020-01-01
Morgan Stanley #050313- Santa Barbara P 2020-01-01 2020-01-01
Morgan Stanley #050313- Santa Barbara P 2010-01-01 2020-01-01
Tortoise Pipeline P 2011-10-26 2020-04-30
HPC MILLENIUM INTL P 2012-05-01 2020-02-14
Capital Gain Dividends      
Wash Sale      
(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 20,930   20,986 -56
b 815,974   817,649 -1,675
c 1,267,000   1,000,000 267,000
d 1,286,099   1,247,161 38,938
e 6,695,331   6,499,604 195,727
11,079,176   9,283,031 1,796,145
1,658,073   1,799,629 -141,556
2,430,104   1,932,427 497,677
7   37 -30
368,537   210,234 158,303
      519,863
      1
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       -56
b       -1,675
c       267,000
d       38,938
e       195,727
      1,796,145
      -141,556
      497,677
      -30
      158,303
       
       
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 3,330,337
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 -102,674
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 53,855
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 53,855
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 53,855
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 92,579
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 92,579
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 38,724
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet38,724 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIL
    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 ofbulletThe Rice Foundation Telephone no.bullet (847) 581-9999

    Located atbullet8600 Gross Point RdSkokieIL ZIP+4bullet600772151
    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
    Peter Nolan President
    60.00     		259,464 93,675  
    8600 Gross Point Road
    Skokie,IL60077
    Richard T Schroeder Treasurer
    0.00     		0    
    8600 Gross Point Road
    Skokie,IL60077
    Cori Nolan Vice President
    10.00     		0    
    8600 Gross Point Road
    Skokie,IL60077
    Christine Nolan Vice President
    40.00     		82,416    
    8600 Gross Point Road
    Skokie,IL60077
    Barbara Whitney Carr Director
    0.00     		0    
    8600 Gross Point Road
    Skokie,IL60077
    Marshall Field V Director
    0.00     		0    
    8600 Gross Point Road
    Skokie,IL60077
    Robin Nolan Director
    0.00     		0    
    8600 Gross Point Road
    Skokie,IL60077
    David J Winchester MD Director
    0.00     		0    
    8600 Gross Point Road
    Skokie,IL60077
    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
    Cecilia A Persson Secretary
    40.00     		68,712    
    8600 Gross point Road
    Skokie,IL60077
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Burton Weitzman CPA Accounting 52,392
    1000 Monroe Ste 900
    Chicago,IL60603
    JP Morgan Brokerage Services Investment & Broker 332,578
    3 First National Plaza - Ste 5100
    Chicago,IL60602
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 No direct charitable activity.Activities were limited to making grants. 0
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    58,779,362
    b
    Average of monthly cash balances.......................
    1b
    7,075,777
    c
    Fair market value of all other assets (see instructions)................
    1c
    10,243,811
    d
    Total (add lines 1a, b, and c).........................
    1d
    76,098,950
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    76,098,950
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,141,484
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    74,957,466
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,747,873
    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
    3,747,873
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    53,855
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    53,855
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,694,018
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    3,694,018
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    3,694,018
    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
    4,127,066
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    4,127,066
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,127,066
    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 3,694,018
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 111,237
    b From 2016...... 653,666
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 764,903
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 4,127,066
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 3,694,018
    e Remaining amount distributed out of corpus 433,048
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,197,951
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		111,237
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		1,086,714
    10 Analysis of line 9:
    a Excess from 2016.... 653,666
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 433,048
    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 e-mail address of the person to whom applications should be addressed:
    Rice Foundation
    8600 Gross Point Road
    Skokie,IL60077
    (847) 581-9999
    bThe form in which applications should be submitted and information and materials they should include:
    Applications submitted should include a statement describing the applicant and its activities, the particular purpose of the grant requested, the amount of the grant being requested and a copy of the letter issued to the applicant by the Internal Revenue Service determining that the applicant is exempt from income tax pursuant to the provisions of Section 501(c)(3) of the Internal Revenue Code (The Code).
    cAny submission deadlines:
     
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    The Foundation does not award any grants to individuals, but limits its grants to organizations described in Section 501(c)(3) of the Code, and in general to organizations which are classified as non-private foundations.
    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
    Blue Island Citizens for PersonBlue
    2155 Broadway
    Blue Island,IL60406     		None Exempt Charitable 10,000
    Boys and Girls Clubs of Chicago
    550 West Van Buren Street Suite350
    Chicago,IL60607     		None Exempt Charitable 35,000
    By the Hand Club for Kids Formerly
    1000 North Sedgwick
    Chicago,IL60610     		None Exempt Charitable 124,000
    Canine Therapy Corps
    3918 W Fullerton Ave
    Chicago,IL60647     		None Exempt Charitable 9,000
    Career Transitions Center of Chicag
    703 West Monroe Street
    Chicago,IL60661     		None Exempt Charitable 5,000
    Children's Home Aid Society
    125 South Wacker Drive Suite 1400
    Chicago,IL60606     		None Exempt Charitable 40,000
    Connections for the Homeless
    2121 Dewey Avenue
    Evanston,IL60201     		None Exempt Charitable 5,000
    Crisis Center for South Suburbia
    PO Box 39
    Tinley Park,IL60477     		None Exempt Charitable 10,000
    Delta Water Fowl Foundation
    PO BOX 3128
    Bismarck,ND58502     		None Exempt Charitable 75,000
    Equestrian Connection
    600 N Bradley Road
    Lake Forest,IL60045     		None Exempt Charitable 67,000
    Facets Multimedia Inc
    1517 West Fullerton Avenue
    Chicago,IL60614     		None Exempt Charitable 15,000
    Illinois Conservation Foundation
    One Natural Resources Way
    Springfield,IL62702     		None Exempt Charitable 50,000
    Lakeview Pantry
    3945 North Sheridan Road
    Chicago,IL60613     		None Exempt Charitable 55,000
    Little Sisters of the Poor - St Mar
    2325 North Lakewood Avenue
    Chicago,IL60614     		None Exempt Charitable 10,000
    Lutheran Social Services of Illinoi
    1001 East Touhy Avenue Suite 50
    Des Plaines,IL60018     		None Exempt Charitable 20,000
    Maine Niles Assoc of Special Recrea
    6820 West Dempster Street
    Morton Grove,IL60053     		None Exempt Charitable 10,000
    McGaw YMCA
    1000 Grove Street
    Evanston,IL60201     		None Exempt Charitable 25,000
    Midtown Educational Foundation
    718 South Loomis Street
    Chicago,IL60607     		None Exempt Charitable 20,000
    North Shore Center for the Performi
    9501 Skokie Boulevard
    Skokie,IL60077     		None Exempt Charitable 70,500
    Providence-St Mel
    119 South Central Park Boulevard
    Chicago,IL60624     		None Exempt Charitable 5,000
    Rainbows for All Children
    614 Dempster Street Suite C
    Evanston,IL60202     		None Exempt Charitable 25,000
    Rush University Medical Center
    1700 West Van Buren Suite 250
    Chicago,IL60611     		None Exempt Charitable 950,000
    Touched by an Animal
    2131 West Berwyn PO Box 59067
    Chicago,IL60659     		None Exempt Charitable 5,000
    Chicago Public Library Foundation
    20 N Michigan Ave Suite 520
    Chicago,IL60602     		None Exempt Charitable 10,000
    Glenview Club Scholarship Foundatio
    100 Golf Rd
    Golf,IL60029     		None EXempt Charitable 52,500
    Illinois Institute of Technology
    201 East Loop Road
    Wheaton,IL60189     		None Exempt Charitable 2,500
    Lincoln Park Zoo
    PO Box 14903
    Chicago,IL60614     		None Exempt Charitable 50,000
    Chicago Botanic Garden
    1000 Lake Cook Road
    Glencoe,IL60022     		None Exempt Charitable 635,000
    Cornerstone Academy
    1111 North Wells Street Suite 403
    Chicago,IL60610     		None Exempt Charitable 5,000
    Ducks Unlimited Inc
    925 Hidden Lake Road
    Naperville,IL60565     		None Exempt Charitable 50,000
    LEAP
    180 North Wabash Avenue Suite 604
    Chicago,IL60601     		None Exempt Charitable 35,000
    Marine Military Academy
    320 Iwo Jima Blvd
    Harlingen,TX78550     		None Exempt Charitable 255,000
    Max McGraw Wildlife Foundation
    PO Box 9
    Dundee,IL60118     		None Exempt Charitable 100,000
    Meals on WheelsNortheasteMeals at H
    1123 Emerson Street Suite 213
    Evanston,IL60201     		None Exempt Charitable 15,000
    Mobile Care Chicago
    321 North Loomis Suite 202
    Chicago,IL60607     		None Exempt Charitable 30,000
    Night Ministry
    4711 North Ravenswood Revenue
    Chicago,IL60640     		None Exempt Charitable 20,000
    NorthShore Univer HealthSystem Foun
    1033 University Place Suite 450
    Evanston,IL60201     		None Exempt Charitable 205,000
    Operation North Pole
    50 West Oakton Street
    Des Plaines,IL60018     		None Exempt Charitable 80,000
    Orchard Village
    7660 Gross Point Road
    Skokie,IL60077     		None Exempt Charitable 10,000
    PAWS Chicago
    1997 Clybourn Avenue
    Chicago,IL60614     		None Exempt Charitable 50,300
    Ravinia
    418 Sheridan Road
    Highland Park,IL60035     		None Exempt Charitable 25,000
    Second Sense
    65 East Wacker Place Suite 1010
    Chicago,IL60601     		None Exempt Charitable 5,000
    Shore
    8350 Laramie Avenue
    Skokie,IL60077     		None Exempt Charitable 25,000
    Snow City Arts
    1653 West Congress Parkway
    Chicago,IL60612     		None Exempt Charitable 10,000
    Touched By An Animal
    POBox 59067
    Chicago,IL60659     		None Exempt Charitable 25,000
    Willow House
    300 Saunders Road Suite 300
    Riverwoods,IL60015     		None Exempt Charitable 25,000
    Friends for Therapeutic Equine Acti
    PO Box 566
    Wayne,IL60184     		None Exempt Charitable 10,000
    Thresholds
    4101 North Ravenswood Avenue
    Chicago,IL60613     		None Exempt Charitable 10,000
    Southwest Chicago Homeless Services
    3121 West 71st Street
    Chicago,IL60629     		None Exempt Charitable 10,000
    Chicago Zoological Society
    3300 Golf Road
    Brookfield,IL60513     		None PF Charitable 100,000
    Housing Opportunities for Women
    1607 West Howard Street
    Chicago,IL60626     		None Exempt Charitable 10,000
    Little Sisters of thePoor StJoseph'
    80 West Northwest Highway
    Palatine,IL60067     		None Exempt Charitable 10,000
    100 Club of Chicago
    875 N Michigan Ave Suite 1351
    Chicago,IL60611     		None Exempt Charitable 5,000
    Boulevard The
    3456 West Franklin Boulevard
    Chicago,IL60624     		None Exempt Charitable 10,000
    Chicago Industrial Arts Design Cent
    6433 N Ravenswood Ave
    Chicago,IL60626     		None EXEMPT Charitable 25,000
    North Side Housing and Supportive S
    4410 N Ravenswood Suite 101
    Chicago,IL60640     		None EXEMPT Charitable 5,000
    Chicago History Museum
    1601 N Clark Street
    Chicago,IL60614     		  Exempt Charitable 50,000
    Kids Above All
    8765 West Higgins Road Suite 450
    Chicago,IL60631     		  Exempt Charitable 7,500
    Rebuilding Together North SuburbChi
    PO Box 626
    Glenview,IL60025     		  Exempt Charitable 10,000
    Search Inc
    1925 N Clybourn Suite 200
    Chicago,IL60614     		  Exempt Charitable 10,000
    Misc Contributions 100 of less
    8600 Gross Point Road
    Skokie,IL60077     		None Exempt Charitable 700
    Total .................................bullet 3a 3,634,000
    bApproved for future payment
    Chicago Botanic Garden
    1000 Lake Cook Rd
    Glencoe,IL60022     		None Exempt Charitable 350,000
    Total .................................bullet 3b 350,000
    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 ...........     		        12,378
    4 Dividends and interest from securities....         1,120,750
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....         80,650
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        3,330,336
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aCarlyle Energy (Hedged)     		    15 4,850  
    bMorgan Stanley #050312     14    
    cNet Oil Royalties     15   247,690
    dWestminster Fund VI Loss     14   -10,602
    eWestminster Fund VII Loss     14   -6,846
    12 Subtotal. Add columns (b), (d), and (e)..   4,850 4,774,356
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,779,206
    (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.)
    3-11 THE AMOUNTS ON LINES 3 - 11 ABOVE REPRESENT INCOME EARNED ON FUNDS WHICH WERE INVESTED TEMPORARILY BY THE FOUNDATION MANAGER.
    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: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    Rice Foundation
    EIN:
    36-6043160
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting - Audit 13,100 10,480 0 2,620
    Accounting - Bookkeeping 52,392 47,153 0 5,239
    Accounting - Tax 13,430 4,700 0 8,730

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

    TY 2020 DepreciationSchedule
    Name:
    Rice Foundation
    EIN:
    36-6043160
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    RICE BUILDING 1994-01-01 1,248,080 1,062,861 SL 3.18 % 39,627      
    RICE BLDG IMPROVEMENTS 1998-01-09 42,211 28,810 SL 3.18 % 1,340      
    ALARM SYSTEM 2010-01-01 2,716 2,583 SL 5.00 % 133      
    FLUORESCENT LIGHTING FIXT 2011-01-01 11,225 8,984 SL 10.00 % 1,123      
    TRANE XR13 AIR CONDITIONE 2012-01-01 8,428 6,322 SL 10.00 % 843      
    8236 FAIRVIEW BUILDING 1997-01-01 217,260 155,192 SL 3.18 % 6,898 6,898    
    8236 FAIRVIEW BUILDING 1998-01-01 6,435 4,389 SL 3.18 % 204 204    
    8236 FAIRVIEW BLDG IMPROV 2000-01-01 11,295 8,217 SL 3.64 % 411 411    
    8236 FAIRVIEW BLDG IMPROV 2002-01-01 1,248 791 SL 3.64 % 45 45    
    8446 FAIRVIEW BUILDING 1999-01-01 173,590 129,403 SL 3.64 % 6,313 6,313    
    8446 FAIRVIEW BUILDING 2001-01-01 690 464 SL 3.64 % 25 25    
    8446 FAIRVIEW - NEW ROOF 2003-01-01 3,527 2,115 SL 3.64 % 128 128    
    8447 FAIRVIEW NEW SIDING 2012-05-01 4,329 1,178 SL 3.64 % 157 157    
    8468 FAIRVIEW BUILDING 1991-01-01 90,000 79,975 SL 3.03 % 2,727 2,727    
    8468 PUMP CHECK VALVE 2004-01-01 1,345 759 SL 3.64 % 49 49    
    8468 PRESSURE TANK/PIPING 2010-01-01 2,400 827 SL 3.64 % 87 87    
    8468 NEW SIDING 2011-01-01 4,672 1,444 SL 3.64 % 170 170    
    8468 NEW ROOF 2011-01-01 7,091 2,193 SL 3.64 % 258 258    
    8468 NEW SIDING/SOFFIT/FA 2012-08-21 4,914 1,342 SL 3.64 % 179 179    
    WOODFORD FARM BUILDING 2005-01-01 275,714 143,154 SL 3.64 % 10,028 10,028    
    8236 Fairview - carpet 2013-01-01 1,709 1,482 SL 13.33 % 227 227    
    8468 Fairview - carpet 2013-05-28 2,173 1,885 SL 13.33 % 288 288    
    Woodford - A/C 2013-08-06 2,545 1,657 SL 10.00 % 255 255    
    Woodford - Generator 2014-04-01 2,675 1,474 SL 10.00 % 268 268    
    Refrigerator 2015-06-30 1,343 1,210 SL 10.00 % 133      
    Vinyl Flooring 2016-11-08 6,166 2,877 SL 13.33 % 822 822    
    8446 Fairview - Flooring 2017-06-13 4,970 1,657 SL 7.5000 663 663    
    8446 Fairview - Impr 2017-09-05 17,867 1,490 SL 27.5000 650 650    
    Toshiba Copier 2018-12-04 3,600 780 SL 5.0000 720      
    HP Z4 G4 Workstation 2018-02-13 4,462 1,710 SL 5.0000 892      
    8236 Fairview Porch Reinforcement 2019-05-14 8,138 197 SL 27.5000 296 296    

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    Rice Foundation
    EIN:
    36-6043160
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Eaton Vance LMT Duration D #050304 25,000 25,000
    Manhattan Redeemable Notes #050304 75,000 92,553
    MS Trigger Jump Note #050304 1,000,000 998,700

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Rice Foundation
    EIN:
    36-6043160
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Morgan Stanley #050312 - Advisor 20,492,232 22,331,187
    Morgan Stanley #050313 - Santa Barbara 21,851,794 31,131,039
    Morgan Stanley #050318 - Hedged 9,745,999 12,251,565

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    Rice Foundation
    EIN:
    36-6043160
    Software ID:
    20011551
    Software Version:
    2020v4.0
    US Government Securities - End of Year Book Value:

    999,799
    US Government Securities - End of Year Fair Market Value:

    999,800
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2020 InvestmentsLandSchedule2
    Name:
    Rice Foundation
    EIN:
    36-6043160
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land 7,202,667   7,202,667 8,669,569

    TY 2020 InvestmentsOtherSchedule2
    Name:
    Rice Foundation
    EIN:
    36-6043160
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Oil and Gas Properties AT COST 5,332,541 1,063,308
    Nuveen High INcome 2023 #050304 AT COST 1,000,000 958,000

    TY 2020 LandEtcSchedule2
    Name:
    Rice Foundation
    EIN:
    36-6043160
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 52,552 47,802 4,750 4,750
    Machinery and Equipment 57,901 52,639 5,262 5,262
    Buildings 2,107,789 1,698,180 409,609 409,609
    Improvements 44,710 24,890 19,820 19,820


    TY 2020 OtherAssetsSchedule
    Name:
    Rice Foundation
    EIN:
    36-6043160
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Net Deposit of Excise Tax 114,117 92,579 92,579
    Partnership interest - Westminster VII 20,071 2,593 2,593
    Partnership interest- Westminster VI -76,962 2,465 2,465
    Prepaid Expense - Line 13K - WVI 6,265 6,265 6,265
    Prepaid Expense - Line 13K - WVII 3,009 3,009 3,009


    TY 2020 OtherExpensesSchedule
    Name:
    Rice Foundation
    EIN:
    36-6043160
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Dues and Subscriptions 5,480 2,740   2,740
    General Insurance 11,858 2,964   8,894
    Office Expense and Postage 13,135 4,597   8,538
    Rental Expenses 88,825 88,825    


    TY 2020 OtherIncomeSchedule2
    Name:
    Rice Foundation
    EIN:
    36-6043160
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Carlyle Energy (Hedged) 4,850    
    Net Oil Royalties 247,690    
    Westminster Fund VI Loss -10,602    
    Westminster Fund VII Loss -6,846    


    TY 2020 OtherIncreasesSchedule
    Name:
    Rice Foundation
    EIN:
    36-6043160
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Amount
    Book Tax Difference - Cost Basis Adjustment 20,824


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Rice Foundation
    EIN:
    36-6043160
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Advisory Fees 332,578 332,578 0 0
    Investment Advisory Fees - consultant 26,761 26,761 0 0


    TY 2020 TaxesSchedule
    Name:
    Rice Foundation
    EIN:
    36-6043160
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2019 Taxes - US TREASURY - FORM 990PF 21,538 21,538    
    Foreign taxes paid 4,243 4,243