Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
SMALLEY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1088
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MANHASSET, NY110309710
A Employer identification number

13-6225947
B Telephone number (see instructions)

(516) 528-3899
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$37,339,734J 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) 170,839
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 849,884 849,884  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 630,805
b Gross sales price for all assets on line 6a 9,536,516
7 Capital gain net income (from Part IV, line 2)... 630,805
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 140,166 0  
12 Total. Add lines 1 through 11........ 1,791,694 1,480,689  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 250,850 0   250,850
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 11,836 0   11,836
b Accounting fees (attach schedule)....... Click to see attachment 10,000 0   19,000
c Other professional fees (attach schedule).... Click to see attachment 163,768 163,768   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 13,305 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 16,485 0   16,485
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 466,244 163,768   298,171
25 Contributions, gifts, grants paid....... 1,724,729 1,724,729
26 Total expenses and disbursements. Add lines 24 and 25 2,190,973 163,768   2,022,900
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -399,279
b Net investment income (if negative, enter -0-) 1,316,921
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............. 36,438 6,679 6,679
2 Savings and temporary cash investments......... 112,440 436,666 436,666
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) 2,143,417 Click to see attachment2,153,341 2,153,341
b Investments—corporate stock (attach schedule)....... 20,639,077 Click to see attachment25,584,162 25,584,162
c Investments—corporate bonds (attach schedule)....... 2,844,759 Click to see attachment2,841,967 2,841,967
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 7,741,358 Click to see attachment6,263,110 6,263,110
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment75,670 Click to see attachment53,809 Click to see attachment53,809
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 33,593,159 37,339,734 37,339,734
Liabilities 17 Accounts payable and accrued expenses.......... 9,000  
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) Click to see attachment123,305 Click to see attachment181,057
23 Total liabilities (add lines 17 through 22)......... 132,305 181,057
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........... 33,460,854 37,158,677
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 33,460,854 37,158,677
30 Total liabilities and net assets/fund balances (see instructions). 33,593,159 37,339,734
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
33,460,854
2
Enter amount from Part I, line 27a .....................
2
-399,279
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
4,154,854
4
Add lines 1, 2, and 3 ..........................
4
37,216,429
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
57,752
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
37,158,677
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 9,536,516   8,905,711 630,805
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       630,805
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 630,805
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 18,305
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 18,305
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 18,305
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 22,735
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 27,735
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 9,430
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet9,430 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)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletMARIE ESLINGER Telephone no.bullet (516) 528-3899

    Located atbulletPO BOX 1088MANHASSETNY ZIP+4bullet110309710
    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
     
    No
    .........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
    MARIE ESLINGER DIRECTOR, PRESIDENT
    20.00     		168,000 0 0
    PO BOX 1088
    MANHASSET,NY110309710
    CONSTANTINE KREATSOULAS DIRECTOR, VICE PRESIDENT
    5.00     		15,000 0 0
    PO BOX 1088
    MANHASSET,NY110309710
    MARTIN SAIMAN DIRECTOR, TREASURER
    5.00     		15,000 0 0
    PO BOX 1088
    MANHASSET,NY110309710
    CYNTHIA SIDERMAN DIRECTOR, BEGAN 1/2020
    5.00     		15,000 0 0
    PO BOX 1088
    MANHASSET,NY110309710
    CATHY CAAMANO DIRECTOR, BEGAN 1/2020
    5.00     		37,850 0 0
    PO BOX 1088
    MANHASSET,NY110309710
    MATTHEW RIORDAN DIRECTOR, THROUGH 1/2020
    2.00     		0 0 0
    PO BOX 1088
    MANHASSET,NY110309710
    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
    BANK OF AMERICA INVESTMENT MANAGEMENT 163,768
    PRIVATE BANK TRUST OPS PO BOX
    830269
    DALLAS,TX75283
    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 THE SMALLEY FOUNDATION, INC. (THE "FOUNDATION") AWARDS COLLEGE SCHOLARSHIPS TO DESERVING PUBLIC HIGH SCHOOL SENIORS WHO NEED FINANCIAL AID TO ATTEND COLLEGE. THE PAYMENTS ARE MADE DIRECTLY TO THE COLLEGE FOR TUITION, FEES, BOOKS, ROOM AND BOARD AND RELATED EXPENSES. THE COLLEGE IS AUTHORIZED IN CERTAIN CASES TO TURN A PORTION OF THE FUNDS OVER TO THE GRANTEE FOR THE PURCHASE OF BOOKS, SUPPLIES AND OTHER RELATED EXPENSES. CANDIDATES FOR AWARDS ARE NOMINATED ANNUALLY BY THE BOARD OF EDUCATION (OR COMPARABLE ADMINISTRATIVE AGENCIES) OF COMMUNITIES. THE DIRECTORS OF THE FOUNDATION SELECT GRANTEES FROM THE LIST OF NOMINEES ON THE BASIS OF THE FOLLOWING CRITERIA: 1) PERFORMANCE IN EXAMINATIONS SHOWING ABILITY AND APTITUDE FOR COLLEGE WORK, 2) RECOMMENDATION FROM SCHOOL PERSONNEL, 3) FINANCIAL NEED, AND 4) PRIOR ACADEMIC PERFORMANCE. DURING 2020, THE FOUNDATION DISBURSED $1,491,727 IN SCHOLARSHIPS FOR 75 INDIVIDUAL STUDENTS. 146,713
    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
    32,861,049
    b
    Average of monthly cash balances.......................
    1b
    874,148
    c
    Fair market value of all other assets (see instructions)................
    1c
    44,379
    d
    Total (add lines 1a, b, and c).........................
    1d
    33,779,576
    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
    33,779,576
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    506,694
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    33,272,882
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,663,644
    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
    1,663,644
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    18,305
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    18,305
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,645,339
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    140,000
    5
    Add lines 3 and 4............................
    5
    1,785,339
    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
    1,785,339
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,022,900
    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
    2,022,900
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,022,900
    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 1,785,339
    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......  
    b From 2016......  
    c From 2017......  
    d From 2018...... 220,377
    e From 2019...... 4,736
    fTotal of lines 3a through e........ 225,113
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,022,900
    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..... 1,785,339
    e Remaining amount distributed out of corpus 237,561
    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 5 462,674
    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) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		462,674
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 220,377
    d Excess from 2019.... 4,736
    e Excess from 2020.... 237,561
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES ITF LEONILA REYES
    106 NEW SCOTLAND AVE
    ALBANY,NY12208     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    AMERICAN UNIVERSITY
    4400 MASSACHUSETTS AVE NW
    WASHINGTON,DC20016     		N/A PC ENDOWMENT 25,000
    AMERICAN UNIVERSITY ITF SARA GACE
    4400 MASSACHUSETTS AVE NW
    WASHINGTON,DC20016     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    BARD COLLEGE ITF MARIA SALAZAR
    30 CAMPUS RD
    ANNANDALEONHUDSON,NY12504     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 16,346
    BARNARD COLLEGE ITF JENNIFER NIOLA
    3009 BROADWAY
    NEW YORK,NY10027     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 10,000
    BARUCH COLLEGE ITF KOLE MOHAMMED
    55 LEXINGTON AVE
    NEW YORK,NY10010     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    BOSTON COLLEGE ITF JUSTIN HALLET
    140 COMMONWEALTH AVENUE
    CHESTNUT HILL,MA02467     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 20,000
    BOSTON COLLEGE ITF NANA BUDU
    140 COMMONWEALTH AVENUE
    CHESTNUT HILL,MA02467     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    BOSTON UNIVERSITY ITF SHEILA POKUA
    881 COMMONWEALTH AVE 4TH FL
    BOSTON,MA02215     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 6,000
    BRANDEIS UNIVERSITY ITF ANNITAH NAKANDI
    415 SOUTH ST
    WALTHAM,MA02453     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 10,000
    BRANDEIS UNIVERSITY ITF EMMA BLACK
    415 SOUTH ST
    WALTHAM,MA02453     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 10,000
    BRANDEIS UNIVERSITY ITF JACQUELINE MORALES
    415 SOUTH ST
    WALTHAM,MA02453     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 5,000
    CLARK UNIVERSITY ITF BLERINA ILJAS
    950 MAIN ST
    WORCESTER,MA01610     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,660
    COKER UNIVERSITY ITF ALEXIS BATES
    300 E COLLEGE AVE
    HARTSVILLE,SC29550     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    COLLEGE OF MOUNT SAINT VINCENT ITF NEVAEH BOYRIE
    6301 RIVERDALE AVE
    BRONX,NY10471     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    COLLEGE OF THE HOLY CROSS ITF ANASTASIA HONNY
    1 COLLEGE ST
    WORCESTER,MA01610     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    COLLEGE OF THE HOLY CROSS ITF HAIK VARDERESIAN
    1 COLLEGE ST
    WORCESTER,MA01610     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    COLLEGE OF THE HOLY CROSS ITF KEVIN NGUYEN
    1 COLLEGE ST
    WORCESTER,MA01610     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    COLLEGE OF THE HOLY CROSS ITF NAKESHA AGYAPONG
    1 COLLEGE ST
    WORCESTER,MA01610     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 10,000
    COLUMBIA UNIVERSITY
    116TH ST BROADWAY
    NEW YORK,NY10027     		N/A PC ENDOWMENT 25,000
    DELAWARE STATE UNIVERSITY ITF TAYLOR WILLIAMS
    1200 N DUPONT HWY
    DOVER,DE19901     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    DREXEL UNIVERSITY ITF DIANE NGUYEN
    3141 CHESTNUT ST
    PHILADELPHIA,PA19104     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    FASHION INSTITUTE OF TECHNOLOGY ITF BRIANNA NAZARIO
    227 W 27TH ST
    NEW YORK,NY10001     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    FITCHBURG STATE UNIVERSITY ITF GENESIS COTO
    160 PEARL ST
    FITCHBURG,MA01420     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    FLORIDA INTERNATIONAL UNIVERSITY ITF ALEXIA RODRIGUEZ
    11200 SW 8TH ST
    MIAMI,FL33199     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    FORDHAM UNIVERSITY ITF ESHA HAFEEZ
    441 E FORDHAM ROAD
    BRONX,NY10458     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    HARVARD UNIVERSITY ITF DENI HOXHA
    MASSACHUSETTS HALL
    CAMBRIDGE,MA02138     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 10,000
    HARVARD UNIVERSITY ITF GIA HAN LE
    MASSACHUSETTS HALL
    CAMBRIDGE,MA02138     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 6,680
    HOBART AND WILLIAM SMITH COLLEGES ITF VELOCITY LOPOLITO
    300 PULTENEY ST
    GENEVA,NY14456     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 12,447
    HOFSTRA UNIVERSITY ITF SETH MOODY
    1000 HEMPSTEAD TURNPIKE
    HEMPSTEAD,NY11549     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    HOWARD UNIVERSITY ITF ELSIE FUAKYE
    2400 6TH ST NW
    WASHINGTON,DC20059     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    HOWARD UNIVERSITY ITF KAYLA SMITH
    2400 6TH ST NW
    WASHINGTON,DC20059     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    HUNTER COLLEGE ITF ANILA GEORGE
    695 PARK AVE
    NEW YORK,NY10065     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 10,000
    IONA COLLEGE ITF ANGELIS CALDERON
    715 NORTH AVENUE
    NEW ROCHELLE,NY10801     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    IONA COLLEGE ITF BRIANA MICLAT
    715 NORTH AVENUE
    NEW ROCHELLE,NY10801     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 12,000
    IONA COLLEGE ITF ELA HOXHAJ
    715 NORTH AVENUE
    NEW ROCHELLE,NY10801     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 3,667
    JOHN JAY COLLEGE OF CRIMINAL JUSTICE ITF JORGE VELEZ
    24 W 59TH ST
    NEW YORK,NY10019     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 8,000
    LEHIGH UNIVERSITY ITF JILLIAN TAMARAZZO
    27 MEMORIAL DR W
    BETHLEHEM,PA18015     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    LEHMAN COLLEGE ITF CHRISTOPHER O'BUCK
    250 BEDFORD PARK BLVD W
    BRONX,NY10468     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 5,000
    LEHMAN COLLEGE ITF OBUWATINLEHN AKINKVOLIE-IBIDAPO
    250 BEDFORD PARK BLVD W
    BRONX,NY10468     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 5,000
    MANHATTAN COLLEGE
    4513 MANHATTAN COLLEGE PKWY
    BRONX,NY10471     		N/A PC ENDOWMENT 50,000
    MANHATTAN COLLEGE ITF ANJALI JOHN
    4513 MANHATTAN COLLEGE PKWY
    BRONX,NY10471     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 27,250
    MANHATTAN COLLEGE ITF COORTNEY LEWIS
    4513 MANHATTAN COLLEGE PKWY
    BRONX,NY10471     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    MANHATTAN COLLEGE ITF HECTOR MORA
    4513 MANHATTAN COLLEGE PKWY
    BRONX,NY10471     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    MANHATTANVILLE COLLEGE ITF LARISSA ORTIZ
    2900 PURCHASE ST
    PURCHASE,NY10577     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    MASSACHUSETTS COLLEGE OF ART AND DESIGN ITF ANGELA GERMAIN
    621 HUNTINGTON AVE
    BOSTON,MA02115     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    NEW YORK INSTITUTE OF TECHNOLOGY ITF HONOR PICKERING
    1855 BROADWAY
    NEW YORK,NY10023     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    NEW YORK UNIVERSITY
    25 WEST 4TH STREET
    NEW YORK,NY10012     		N/A PC ENDOWMENT 25,000
    NEW YORK UNIVERSITY ITF CINDY MATA
    25 WEST 4TH STREET
    NEW YORK,NY10012     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 26,000
    NEW YORK UNIVERSITY ITF JOEL MENDOZA
    25 WEST 4TH STREET
    NEW YORK,NY10012     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    OHIO WESLEYAN UNIVERSITY
    61 S SANDUSKY ST
    DELAWARE,OH43015     		N/A PC ENDOWMENT 75,000
    PACE UNIVERSITY ITF EMMA MERNACL
    ONE PACE PLAZA
    NEW YORK,NY10038     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    PRINCETON UNIVERSITY ITF KWAKU NYARKO
    701 CARNEGIE CENTER SUITE 445
    PRINCETON,NJ08540     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    QUEENS COLLEGE ITF GABRIELLA WALRATH
    65-30 KISSENA BLVD
    QUEENS,NY11367     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 4,345
    RENSSELAER POLYTECHNIC INSTITUTE ITF SEBSASTIAN VILLOTA
    110 EIGHTH STREET
    TROY,NY12180     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 33,333
    SCHOOL OF VISUAL ARTS ITF KARIZMA RUTRMS
    209 E 23RD ST
    NEW YORK,NY10010     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    STATE UNIVERSITY OF NEW YORK AT BINGHAMTON ITF CHARLENE KIM
    4400 VESTAL PKWY E
    BINGHAMTON,NY13902     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 24,795
    STATE UNIVERSITY OF NEW YORK AT BINGHAMTON ITF DENEL NEWTON
    4400 VESTAL PKWY E
    BINGHAMTON,NY13902     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    STATE UNIVERSITY OF NEW YORK AT BINGHAMTON ITF MARDIYA YOUSSIF TRAORE
    4400 VESTAL PKWY E
    BINGHAMTON,NY13902     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 15,000
    STATE UNIVERSITY OF NEW YORK AT NEW PALTZ ITF FRANCIS LOQUELLANO
    1 HAWK DRIVE
    NEW PALTZ,NY12561     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    STATE UNIVERSITY OF NEW YORK AT STONY BROOK ITF DANIELLE MICLAT
    100 NICOLLS RD
    STONY BROOK,NY11794     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    UNITED STATES DEPARTMENT OF EDUCATION ITF KASSANDRA QUINLAN
    400 MARYLAND AVENUE SW
    WASHINGTON,DC20202     		N/A GOV SCHOLARSHIP PROGRAM: SCHOLARSHIP 6,992
    UNIVERSITY OF CENTRAL FLORIDA ITF AUSTIN LAUZIERE
    4000 CENTRAL FLORIDA BLVD
    ORLANDO,FL32816     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 50,000
    UNIVERSITY OF MASSACHUSETTS AMHERST ITF ALIECIA BOTTALI
    134 HICKS WAY
    AMHERST,MA01003     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 10,000
    UNIVERSITY OF MASSACHUSETTS AMHERST ITF LESLIE HERNANDEZ
    134 HICKS WAY
    AMHERST,MA01003     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    UNIVERSITY OF MASSACHUSETTS BOSTON ITF BRIYAN CHATAIGNE
    100 WILLIAM T MORRISSEY BLVD
    BOSTON,MA02125     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 10,000
    UNIVERSITY OF NEW HAVEN ITF GAREN JIZMEJIAN
    300 BOSTON POST ROAD
    WEST HAVEN,CT06516     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 13,714
    UNIVERSITY OF ROCHESTER ITF BRIAN GARCIA HERNANDEZ
    500 JOSEPH C WILSON BLVD
    ROCHESTER,NY14627     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    UNIVERSITY OF ROCHESTER ITF PAOLA FERREIRA
    500 JOSEPH C WILSON BLVD
    ROCHESTER,NY14627     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    WELLESLEY COLLEGE
    106 CENTRAL ST
    WELLESLEY,MA02481     		N/A PC ENDOWMENT 25,000
    WENTWORTH INSTITUTE OF TECHNOLOGY ITF JONA SULAJ
    550 HUNTINGTON AVE
    BOSTON,MA02115     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    WORCESTER POLYTECHNIC INSTITUTE ITF AARON NGUYEN
    100 INSTITUTE RD
    WORCESTER,MA01609     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    WORCESTER POLYTECHNIC INSTITUTE ITF FRANK KENNEDY
    100 INSTITUTE RD
    WORCESTER,MA01609     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 12,500
    WORCESTER POLYTECHNIC INSTITUTE ITF JANE TANG
    100 INSTITUTE RD
    WORCESTER,MA01609     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 10,000
    WORCESTER POLYTECHNIC INSTITUTE ITF JAVIER ESPINAL
    100 INSTITUTE RD
    WORCESTER,MA01609     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    WORCESTER POLYTECHNIC INSTITUTE ITF PETER KORFUZI
    100 INSTITUTE RD
    WORCESTER,MA01609     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    WORCESTER POLYTECHNIC INSTITUTE ITF SEAN O'CONNOR
    100 INSTITUTE RD
    WORCESTER,MA01609     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
    WORCESTER POLYTECHNIC INSTITUTE ITF TIMOTHY PHAM
    100 INSTITUTE RD
    WORCESTER,MA01609     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 50,000
    WORCESTER STATE UNIVERSITY ITF ALEXANDRA BRIO
    486 CHANDLER ST
    WORCESTER,MA01602     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 10,000
    WORCESTER STATE UNIVERSITY ITF KASSANDRA QUINLAN
    486 CHANDLER ST
    WORCESTER,MA01602     		N/A PC SCHOLARSHIP PROGRAM: SCHOLARSHIP 10,000
    Total .................................bullet 3a 1,724,729
    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....     14 849,884  
    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 ............     		    18 630,805  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aGRANT RECOVERY     		    01 140,000  
    bOTHER INCOME     01 166  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,620,855 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,620,855
    (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
    SMALLEY FOUNDATION INC
     
    Employer identification number

    13-6225947
    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
    SMALLEY FOUNDATION INC
          		Employer identification number
    13-6225947
    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
    ESTATE OF ELLIN I SMALLEY CO MARTIN
     
    SAIMAN PERSONAL REP RUBIN RUDMAN LL
     
    STATE STREET BOSTON, MA021092820

    		$ 170,839


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    SMALLEY FOUNDATION INC
          		Employer identification number

    13-6225947
    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
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    SMALLEY FOUNDATION INC
          		Employer identification number

    13-6225947
    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:
    SMALLEY FOUNDATION INC
    EIN:
    13-6225947
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION SERVICES 10,000 0   19,000

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    SMALLEY FOUNDATION INC
    EIN:
    13-6225947
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBVIE INC 3.200% MAY 14 2026 (00287YAY5) 90,000.000 QUANTITY 99,710 99,710
    AERCAP IRELAND CAP DES 3.150% FEB 15 2024 (00774MAQ8) 95,000.000 QUANTITY 99,585 99,585
    AMERICREDIT AUTO REC TR 3.130% FEB 18 2025 (03066GAE9) 131,000.000 QUANTITY 135,589 135,589
    AT&T INC UNSEC SR GBL NT 1.650% FEB 01 2028 (00206RKG6) 100,000.000 QUANTITY 102,029 102,029
    BANK MONTREAL UNSECD 2.500% JUN 28 2024 (06367WMQ3) 120,000.000 QUANTITY 127,902 127,902
    BOEING CO UNSECD SR NT 2.950% FEB 01 2030 (097023CN3) 80,000.000 QUANTITY 82,741 82,741
    BOEING CO UNSECD SR NT 3.450% NOV 01 2028 (097023CA1) 10,725.000 QUANTITY 10,725 10,725
    COMCAST CORP NEW 4.150% OCT 15 2028 (20030NCT6) 110,000.000 QUANTITY 132,415 132,415
    CONSTELLATION BRANDS INC 4.250% MAY 01 2023 (21036PAL2) 100,000.000 QUANTITY 109,004 109,004
    CREDIT SUISSE GP FDG GUE 3.800% JUN 09 2023 (225433AT8) 90,000.000 QUANTITY 96,929 96,929
    CVS HEALTH CORP UNSECD 4.300% MAR 25 2028 (126650CX6) 57,000.000 QUANTITY 67,828 67,828
    ENERGY TR OPER LP UNS SR 3.750% MAY 15 2030 (29278NAQ6) 100,000.000 QUANTITY 107,865 107,865
    ENTER PROD OPER LLC UNSEC 3.125% JUL 31 2029 (29379VBV4) 88,680.000 QUANTITY 88,680 88,680
    GENERAL MTRS CO SR UN NT 5.000% OCT 01 2028 (37045VAS9) 15,000.000 QUANTITY 17,848 17,848
    GENERAL MTRS CO UNSECD SR 6.800% OCT 01 2027 (37045VAU4) 29,000.000 QUANTITY 37,268 37,268
    GEN MTRS FINL CO IN UN SR 2.700% AUG 20 2027 (37045DA1) 41,000.000 QUANTITY 43,483 43,483
    GOLDMAN SACHS GP IN UN SR 3.500% APR 01 2025 (38141GXJ8) 11,000.000 QUANTITY 12,221 12,221
    GOLDMAN SACHS GP IN UN SR 3.850% JAN 26 2027 (38141GWB6) 70,000.000 QUANTITY 79,884 79,884
    HONDA AUTO REC 2019-1 OWN 2.900% JUN 18 2024 (43814WAD7) 74,000.000 QUANTITY 76,867 76,867
    JPMBB COML MTG SECS TR 3.428% AUG 15 2047 (46642EAZ9) 126,399.030 QUANTITY 131,573 131,573
    JPMORGAN CHASE & CO 3.797% JUL 23 2024 (46647PAU0) 100,000.000 QUANTITY 108,476 108,476
    MORGAN STANLEY 4.000% JULY 23 2025 (6174468C6) 100,000.000 QUANTITY 114,437 114,437
    NEXTERA ENE CAP HLDGS UN 2.750% MAY 01 2025 (65339KBQ2) 120,000.000 QUANTITY 129,819 129,819
    ROYAL BK CDA GLO UN SR 1.600% APR 17 2023 (78015K7G3) 135,000.000 QUANTITY 138,827 138,827
    SUNTRUST BK ATLANTA GA UN 3.200% APR 01 2024 (86787EBC0) 70,000.000 QUANTITY 75,982 75,982
    SYNCHRONY CR CD MA NT TR 2.210% MAY 15 2024 (87165LBB6) 125,000.000 QUANTITY 125,879 125,879
    TRUIST FINL CORP UNSEC SR 1.200% AUG 05 2025 (89788MAA0) 55,000.000 QUANTITY 56,454 56,454
    VERIZON COMMUNICATION INC 5.150% SEP 21 2023 (92343VBR4) 90,000.000 QUANTITY 101,416 101,416
    WELLS FARGO COML MTG TR 3.324% JAN 15 2059 (94989YBA0) 100,000.000 QUANTITY 106,500 106,500
    WFRBS COML MT TR 2011-C5 3.667% NOV 15 2044 (92936JBB9) 168,343.940 QUANTITY 170,367 170,367
    WORLD OMNI AUTO REC TR 2.500% APR 17 2023 (98161VAC4) 533,133.040 QUANTITY 53,664 53,664

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    SMALLEY FOUNDATION INC
    EIN:
    13-6225947
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES (ABT) 18,275.000 SHARES 2,000,930 2,000,930
    ADOBE INC. (ADBE) 400.000 SHARES 200,048 200,048
    AGILENT TECHNOLOGIES, INC. (A) 2,000.000 SHARES 236,980 236,980
    ALPHABET INC. (GOOG) 376.000 SHARES 658,707 658,707
    ALPHABET INC. (GOOGL) 1,047.000 SHARES 1,835,015 1,835,015
    AMERICAN EXPRESS COMPANY (AXP) 1,000.000 SHARES 120,910 120,910
    AMPHENOL CORPORATION (APH) 2,800.000 SHARES 366,156 366,156
    ANALOG DEVICES, INC. (ADI) 1,000.000 SHARES 147,730 147,730
    APPLE INC. (AAPL) 27,000.000 SHARES 3,582,629 3,582,629
    BERKSHIRE HATHAWAY INC. (BRK-A) 3.000 SHARES 1,043,445 1,043,445
    BLACKROCK, INC. (BLK) 78.000 SHARES 56,280 56,280
    BOOZ ALLEN HAMILTON HOLDING CORPORATION (BAH) 1,000.000 SHARES 87,180 87,180
    CARRIER GLOBAL CORPORATION (CARR) 5,515.000 SHARES 208,026 208,026
    CHURCH & DWIGHT CO., INC. (CHD) 2,200.000 SHARES 191,906 191,906
    CISCO SYSTEMS, INC. (CSCO) 8,000.000 SHARES 358,000 358,000
    COLGATE-PALMOLIVE COMPANY (CL) 9,625.000 SHARES 823,034 823,034
    DANAHER CORPORATION (DHR) 770.000 SHARES 171,048 171,048
    ECOLAB INC. (ECL) 1,200.000 SHARES 259,632 259,632
    ELI LILLY AND COMPANY (LLY) 1,400.000 SHARES 236,375 236,375
    FACEBOOK, INC. (FB) 100.000 SHARES 27,316 27,316
    FORTIVE CORPORATION (FTV) 622.000 SHARES 44,050 44,050
    HONEYWELL INTERNATIONAL INC. (HON) 400.000 SHARES 85,080 85,080
    IDEX CORPORATION (IEX) 1,000.000 SHARES 199,200 199,200
    JOHNSON & JOHNSON (JNJ) 1,075.000 SHARES 169,184 169,184
    JPMORGAN CHASE & CO. (JPM) 10,653.000 SHARES 1,353,677 1,353,677
    L3HARRIS TECHNOLOGIES, INC. (LHX) 800.000 SHARES 151,216 151,216
    MARKEL CORPORATION (MKL) 300.000 SHARES 309,990 309,990
    MCDONALD'S CORPORATION (MCD) 5,600.000 SHARES 1,201,648 1,201,648
    MICROSOFT CORPORATION (MSFT) 1,600.000 SHARES 355,872 355,872
    MONDELEZ INTERNATIONAL, INC. (MDLZ) 12,000.000 SHARES 701,640 701,640
    NESTLE S.A. (NSRGY) 9,785.000 SHARES 1,154,121 1,154,121
    NEXTERA ENERGY, INC. (NEE) 4,200.000 SHARES 324,030 324,030
    OTIS WORLDWIDE CORPORATION (OTIS) 2,757.000 SHARES 186,235 186,235
    PEPSICO, INC. (PEP) 5,794.000 SHARES 859,250 859,250
    PROLOGIS, INC. (PLD) 1,400.000 SHARES 139,524 139,524
    RAYTHEON TECHNOLOGIES CORPORATION (RTX) 6,915.000 SHARES 494,492 494,492
    SALESFORCE.COM, INC. (CRM) 300.000 SHARES 66,759 66,759
    STARBUCKS CORPORATION (SBUX) 1,450.000 SHARES 155,121 155,121
    STERIS PLC (STE) 1,000.000 SHARES 189,540 189,540
    STRYKER CORPORATION (SYK) 1,000.000 SHARES 245,040 245,040
    TELEFLEX INCORPORATED (TFX) 600.000 SHARES 246,942 246,942
    TEXAS INSTRUMENTS INCORPORATED (TXN) 900.000 SHARES 147,717 147,717
    THE WALT DISNEY COMPANY (DIS) 6,700.000 SHARES 1,213,906 1,213,906
    THE WILLIAMS COMPANIES, INC. (WMB) 12,000.000 SHARES 240,600 240,600
    UNION PACIFIC CORPORATION (UNP) 865.000 SHARES 180,110 180,110
    VISA INC. (V) 11,225.000 SHARES 2,455,244 2,455,244
    VONTIER CORPORATION (VNT) 248.000 SHARES 8,283 8,283
    WASTE MANAGEMENT, INC. (WM) 800.000 SHARES 94,344 94,344

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    SMALLEY FOUNDATION INC
    EIN:
    13-6225947
    US Government Securities - End of Year Book Value:

    2,153,341
    US Government Securities - End of Year Fair Market Value:

    2,153,341
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    SMALLEY FOUNDATION INC
    EIN:
    13-6225947
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FEDERAL HOME LN MTG CORP 1.500% OCT 01 2035 (3132D56J6) 465,772.180 QUANTITY FMV 479,419 479,419
    FEDERAL HOME LN MTG CORP 2.500% SEP 01 2050 (3133KJ3W0) 248,807.207 QUANTITY FMV 264,383 264,383
    FEDERAL HOME LN MTG CORP 4.000% JUN 01 2045 (31335ACS5) 131,224.465 QUANTITY FMV 146,761 146,761
    FEDERAL HOME LN MTG CORP 4.500% OCT 01 2041 (31335ARE0) 126,624.547 QUANTITY FMV 142,183 142,183
    FEDERAL NATL MTG ASSN 2.000% AUG 01 2050 (3140KELG1) 257,239.352 QUANTITY FMV 267,241 267,241
    FEDERAL NATL MTG ASSN 2.000% NOV 01 2050 (3140KRSY6) 390,531.028 QUANTITY FMV 406,102 406,102
    FEDERAL NATL MTG ASSN 2.500% JUN 01 2032 (3140X4H90) 129,398.386 QUANTITY FMV 135,197 135,197
    FEDERAL NATL MTG ASSN 2.500% MAY 01 2050 (3140QDKP8) 156,961.198 QUANTITY FMV 166,530 166,530
    FEDERAL NATL MTG ASSN 2.500% OCT 01 2034 (31418DGF3) 117,655.806 QUANTITY FMV 122,684 122,684
    FEDERAL NATL MTG ASSN 3.000% MAR 01 2033 (3140Q8SU0) 325,478.039 QUANTITY FMV 349,173 349,173
    FEDERAL NATL MTG ASSN 3.000% NOV 01 2034 (3140X5DG5) 288,670.069 QUANTITY FMV 305,658 305,658
    FEDERAL NATL MTG ASSN 4.000% SEP 01 2033 (3140J9CT6) 122,278.928 QUANTITY FMV 132,679 132,679
    ISHARES CORE S&P 500 ETF (IVV) 8,911.000 SHARES FMV 3,345,100 3,345,100

    TY 2020 LegalFeesSchedule
    Name:
    SMALLEY FOUNDATION INC
    EIN:
    13-6225947
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GENERAL AND ADMINISTRATIVE LEGAL COUNSEL 11,836 0   11,836


    TY 2020 OtherAssetsSchedule
    Name:
    SMALLEY FOUNDATION INC
    EIN:
    13-6225947
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST AND DIVIDENDS 57,935 44,379 44,379
    PREPAID FEDERAL EXCISE TAX 17,735 9,430 9,430


    TY 2020 OtherDecreasesSchedule
    Name:
    SMALLEY FOUNDATION INC
    EIN:
    13-6225947
    Description Amount
    DEFERRED FEDERAL EXCISE TAX EXPENSE 57,752


    TY 2020 OtherExpensesSchedule
    Name:
    SMALLEY FOUNDATION INC
    EIN:
    13-6225947
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEES 1,250 0   1,250
    INSURANCE EXPENSE 3,460 0   3,460
    OFFICE EXPENSES 11,775 0   11,775


    TY 2020 OtherIncomeSchedule2
    Name:
    SMALLEY FOUNDATION INC
    EIN:
    13-6225947
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    GRANT RECOVERY 140,000   140,000
    OTHER INCOME 166   166


    TY 2020 OtherIncreasesSchedule
    Name:
    SMALLEY FOUNDATION INC
    EIN:
    13-6225947
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 4,154,854


    TY 2020 OtherLiabilitiesSchedule
    Name:
    SMALLEY FOUNDATION INC
    EIN:
    13-6225947
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL EXCISE TAX 123,305 181,057


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    SMALLEY FOUNDATION INC
    EIN:
    13-6225947
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT 163,768 163,768   0


    TY 2020 TaxesSchedule
    Name:
    SMALLEY FOUNDATION INC
    EIN:
    13-6225947
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 13,305 0   0