Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
GRACE FARMS FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 876
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW CANAAN, CT068400876
A Employer identification number

27-1401401
B Telephone number (see instructions)

(203) 920-1702
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$129,245,716J 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) 13,947,752
2 Check bullet.............
3 Interest on savings and temporary cash investments 4,154 4,154 4,154
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances 108,451
b Less: Cost of goods sold.... 78,940
c Gross profit or (loss) (attach schedule)..... 29,511 29,511
11 Other income (attach schedule)....... Click to see attachment 462,765 0 462,765
12 Total. Add lines 1 through 11........ 14,444,182 4,154 496,430
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 246,215 0 0 246,215
14 Other employee salaries and wages...... 5,982,410 0 496,430 5,446,826
15 Pension plans, employee benefits....... 1,064,198 0 0 1,062,963
16a Legal fees (attach schedule)......... Click to see attachment 263,365 0 0 197,369
b Accounting fees (attach schedule)....... Click to see attachment 83,267 0 0 83,267
c Other professional fees (attach schedule).... Click to see attachment 1,287,492 0 0 1,285,108
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... Click to see attachment 2,704,675 0 0
20 Occupancy.............. 1,042,137 0 0 987,821
21 Travel, conferences, and meetings....... 32,532 0 0 49,661
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 3,507,398 320 0 3,554,913
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 16,213,689 320 496,430 12,914,143
25 Contributions, gifts, grants paid....... 50,000 50,000
26 Total expenses and disbursements. Add lines 24 and 25 16,263,689 320 496,430 12,964,143
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,819,507
b Net investment income (if negative, enter -0-) 3,834
c Adjusted net income (if negative, enter -0-)... 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............. 227,488 901,645 901,645
2 Savings and temporary cash investments......... 1,503,009 1,343,271 1,343,271
3 Accounts receivable bullet277,044
Less: allowance for doubtful accounts bullet   1,210 277,044 277,044
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.............. 83,665 125,423 125,423
9 Prepaid expenses and deferred charges.......... 102,735 90,807 90,807
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet140,159,879
Less: accumulated depreciation (attach schedule) bullet13,665,145 129,017,113 Click to see attachment126,494,734 126,494,734
15 Other assets (describe bullet) Click to see attachment12,542 Click to see attachment12,792 Click to see attachment12,792
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 130,947,762 129,245,716 129,245,716
Liabilities 17 Accounts payable and accrued expenses.......... 459,920 481,924
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)......... 459,920 481,924
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........... 127,511,320 127,486,102
25 Net assets with donor restrictions............ 2,976,522 1,277,690
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)..... 130,487,842 128,763,792
30 Total liabilities and net assets/fund balances (see instructions). 130,947,762 129,245,716
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
130,487,842
2
Enter amount from Part I, line 27a .....................
2
-1,819,507
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
95,457
4
Add lines 1, 2, and 3 ..........................
4
128,763,792
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
128,763,792
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.)
1a
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
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
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  
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 53
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 53
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 53
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 383
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 383
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 10 330
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet330 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)
    bulletCT
    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
    Yes
     
    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 addressbulletGRACEFARMS.ORG
    14
    The books are in care ofbulletTOM MEDICO Telephone no.bullet (203) 920-1702

    Located atbullet365 LUKES WOOD ROADNEW CANAANCT ZIP+4bullet068400876
    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
    SHARON PRINCE CHAIR/CEO
    50.00     		0 0 0
    PO BOX 876
    NEW CANAAN,CT06840
    MICHAEL CHEN VICE CHAIR
    8.00     		0 0 0
    PO BOX 876
    NEW CANAAN,CT06840
    ROY MEDILE TREASURER
    5.00     		0 0 0
    PO BOX 876
    NEW CANAAN,CT06840
    ABIGAIL BANGSER DIRECTOR
    1.00     		0 0 0
    PO BOX 876
    NEW CANAAN,CT06840
    JAY FIELDEN DIRECTOR
    1.00     		0 0 0
    PO BOX 876
    NEW CANAAN,CT06840
    BARBARA GOULD DIRECTOR (THRU 11/20)
    1.00     		0 0 0
    PO BOX 876
    NEW CANAAN,CT06840
    PETER HUNSINGER DIRECTOR
    1.00     		0 0 0
    PO BOX 876
    NEW CANAAN,CT06840
    TAYLOR MCCALL MAZZA DIRECTOR (THRU 03/20)
    1.00     		0 0 0
    PO BOX 876
    NEW CANAAN,CT06840
    ANGELA MWANZA DIRECTOR
    1.00     		0 0 0
    PO BOX 876
    NEW CANAAN,CT06840
    ROBERT PRINCE DIRECTOR
    1.00     		0 0 0
    PO BOX 876
    NEW CANAAN,CT06840
    HAYES SLADE DIRECTOR (AS OF 11/20)
    1.00     		0 0 0
    PO BOX 876
    NEW CANAAN,CT06840
    CHELSEA THATCHER DIRECTOR & CHIEF MARKETING OFFICER
    50.00     		246,215 0 0
    PO BOX 876
    NEW CANAAN,CT06840
    MIROSLAV VOLF DIRECTOR
    1.00     		0 0 0
    PO BOX 876
    NEW CANAAN,CT06840
    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
    ROD KHATTABI CHIEF ACCOUNTABILITY
    50.00     		247,692 0 0
    PO BOX 876
    NEW CANAAN,CT06840
    ALINA M REYNOLDS GENERAL COUNSEL AND
    50.00     		232,692 1,000 0
    PO BOX 876
    NEW CANAAN,CT06840
    CHERIE A SWEENEY CHIEF OPERATIONS OFF
    50.00     		201,230 3,496 0
    PO BOX 876
    NEW CANAAN,CT06840
    ELIZABETH RAPUANO DIRECTOR OF COMMUNIC
    50.00     		186,539 6,407 0
    PO BOX 876
    NEW CANAAN,CT06840
    WILLIAM J STONEBRIDGE DIRECTOR OF FACILITI
    50.00     		190,640 0 0
    PO BOX 876
    NEW CANAAN,CT06840
    Total number of other employees paid over $50,000...................bullet 48
    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
    SECURITAS SECURITY SYSTEMS USA INC SAFETY SERVICES 782,336
    30 OAK STREET STE 403
    STAMFORD,CT06905
    FINN PARTNERS LLC COMMUNICATION CNSLT. 152,352
    301 EAST 57TH STREET
    NEW YORK,NY10022
    ROBINSON COLE LEGAL SERVICES 110,847
    280 TRUMBULL STREET
    HARTFORD,CT06103
    SUSAN COURTEMANCHE DEVELOP. CONSULTANT 105,000
    40 POWDER HORN HILL ROAD
    WILTON,CT06897
    GRANT THORNTON LLP ACCOUNTING 104,017
    757 THIRD AVENUE 3RD FLOOR
    NEW YORK,NY100172013
    Total number of others receiving over $50,000 for professional services.............bullet21
    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 SEE STATEMENT 10 10,319,131
    2   0
    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 0
    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
    0
    b
    Average of monthly cash balances.......................
    1b
    3,636,830
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,636,830
    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
    3,636,830
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    54,552
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,582,278
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    179,114
    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
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    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
     
    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
    12,964,143
    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
    12,964,143
    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
    12,964,143
    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  
    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......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$  
    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)........     		 
    d Applied to 2020 distributable amount.....  
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    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
    0 0 0 0 0
    b 85% of line 2a ......... 0 0 0 0 0
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		12,964,143 11,412,398 10,088,017 9,675,476 44,140,034
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		50,000 50,000 978,179 50,000 1,128,179
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		12,914,143 11,362,398 9,109,838 9,625,476 43,011,855
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 129,499,709 130,947,762 130,474,274 134,954,937 525,876,682
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 126,657,513 128,912,385 128,542,536 133,490,812 517,603,246
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		        0
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    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).)
    SHARON PRINCE
    ROBERT PRINCE
    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
    YALE CENTER FOR FAITH & CULTURE
    409 PROSPECT STREET
    NEW HAVEN,CT06511     		NONE PC GENERAL SUPPORT 50,000
    Total .................................bullet 3a 50,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 4,154  
    4 Dividends and interest from securities....          
    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 ............     		         
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory     18 29,511  
    11 Other revenue:
    aSPECIAL EVENTS REVENUE     		    03 462,765  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 496,430 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    496,430
    (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
    GRACE FARMS FOUNDATION INC
     
    Employer identification number

    27-1401401
    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
    GRACE FARMS FOUNDATION INC
          		Employer identification number
    27-1401401
    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
    FIDELITY CHARITABLE
     
    PO BOX 770001
     
    CINCINNATI, OH452770053

    		$ 5,552,815


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    NATIONAL PHILANTHROPIC TRUST
     
    TOWNSHIP LIND ROAD
     
    JENKINTOWN, PA19046

    		$ 4,500,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    SHARON AND BOB PRINCE
     
    365 LUKES WOOD ROAD
     
    NEW CANAAN, CT06840

    		$ 2,500,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    CHRONOS LLC WESTPORT
     
    1 GLENDINNING PLACE
     
    WESTPORT, CT06880

    		$ 150,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    THE VRANOS FAMILY FOUNDATION
     
    53 FOREST AVENUE 3RD FLOOR
     
    OLD GREENWICH, CT06870

    		$ 50,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    GRACE COMMUNITY CHURCH OF NEW CANAAN INC
     
    365 LUKES WOOD ROAD
     
    NEW CANAAN, CT06840

    		$ 30,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    GRACE FARMS FOUNDATION INC
          		Employer identification number
    27-1401401
    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
    7
    FAIRFIELD COUNTY'S COMMUNITY FOUNDATION
     
    40 RICHARDS AVENUE
     
    NORWALK, CT06854

    		$ 20,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    EMANUELA GIONFRIDDO & ANTONIO RILLOSIEXTRAVEGA NEW YORK
     
    39 WEST 38TH STREET SUITE 6E
     
    NEW YORK, NY10018

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    THOMAS A AND LEIGHANNE D CHAMPION
     
    SMITH RIDGE ROAD
     
    NEW CANAAN, CT068403222

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
    JOSEPH MIZZI SCIAME CONSTRUCTION
     
    14 WALL STREET
     
    NEW YORK, NY10005

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
    NANCY AND MICHAEL SHULLMAN
     
    MIDDLE RIDGE ROAD
     
    NEW CANAAN, CT06840

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    12
    VANGUARD CHARITABLE
     
    PO BOX 9509
     
    WARWICK, RI028899509

    		$ 7,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    GRACE FARMS FOUNDATION INC
          		Employer identification number
    27-1401401
    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
    13
    THE MULBERRY ESSENCE FOUNDATION
     
    640 3RD STREET
     
    SANTA ROSA, CA95404

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    14
    BESSEMER TRUST CO
     
    100 WOODBRIDGE DRIVE
     
    WOODBRIDGE, NJ070951191

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    15
    ROY AND BARBARA MEDILE
     
    WEST LANE
     
    SOUTH SALEM, NY10590

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    16
    INVESTMENT PROFESSIONALS FOR CHARITY INC
     
    39400 WOODWARD AVENUE
     
    BLOOMFIELD HILLS, MI48304

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    17
    LAURA FOX
     
    JP MORGAN CHASE BANK NA
     
    COLUMBUS, OH43371

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    18
    ANNIE AND JIM HASKEL
     
    COLVEE DRIVE
     
    WESTPORT, CT06880

    		$ 5,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    GRACE FARMS FOUNDATION INC
          		Employer identification number
    27-1401401
    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
    19
    JENNIFER ANCKER WHELEN
     
    GRAHAM CAPITAL MANAGEMENT 40 HIGHLA
     
    NORWALK, CT06853

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    20
    KRISTIN AND MICHAEL REED
     
    NORTH WILTON ROAD
     
    NEW CANAAN, CT06840

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    21
    PATRICIA COOK
     
    FATHER PETERS LANE
     
    NEW CANAAN, CT06840

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    22
    SARA AND BRET WIENER
     
    BROADVIEW ROAD
     
    WESTPORT, CT06880

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    23
    ABBY AND MATT BANGSER
     
    CHICHESTER ROAD
     
    NEW CANAAN, CT06840

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    24
    NINGXIA BAOFENG ENERGY GROUP CO LTD
     
    ENERGY CIRCULAR ECON IND BASE NINGD
     
      , YINCHUAN750411CH

    		$ 709,860


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    GRACE FARMS FOUNDATION INC
          		Employer identification number
    27-1401401
    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
    25
    SHANDONG PROVINCIAL FAO
     
    NO1 NORTH BAOTUQUAN ROAD
     
    LIXIA DISTRICT, JINAN250061CH

    		$ 56,792


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    26
    NOVA TECHNOLOGY LLC
     
    1462 OENOKE RIDGE
     
    NEW CANAAN, CT06840

    		$ 32,241


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    27
    REGAL COMMODITIES
     
    721 UNION BOULEVARD
     
    TOTOWA, NJ07521

    		$ 15,000


    (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
    GRACE FARMS FOUNDATION INC
          		Employer identification number

    27-1401401
    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
    24
    		 PERSONAL PROTECTIVE EQUIPMENT $ 709,860 2020-12-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    25
    		 PERSONAL PROTECTIVE EQUIPMENT $ 56,792 2020-12-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    26
    		 PERSONAL PROTECTIVE EQUIPMENT $ 32,241 2020-12-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    27
    		 ETHICALLY SOURCED GRACE FARMS COFFEE - "HEAVENLY ROAST" $ 15,000 2020-12-31
    (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
    GRACE FARMS FOUNDATION INC
          		Employer identification number

    27-1401401
    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:
    GRACE FARMS FOUNDATION INC
    EIN:
    27-1401401
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GRANT THORNTON LLP 83,267 0 0 83,267

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

    TY 2020 DepreciationSchedule
    Name:
    GRACE FARMS FOUNDATION INC
    EIN:
    27-1401401
    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
    BUILDINGS   90,937,066 7,342,007 VAR 0 % 1,683,095 0 0  
    LAND   39,460,567   VAR 0 % 0 0 0  
    LAND IMPROVEMENTS   252,653 27,296 VAR 0 % 20,776 0 0  
    FURNITURE AND FIXTURES   4,339,216 1,687,992 VAR 0 % 443,053 0 0  
    WEBSITES, COMPUTER SOFTWARE   3,600,940 755,192 VAR 0 % 316,037 0 0  
    AUTOS   59,581 8,202 VAR 0 % 5,813 0 0  
    COMPUTER AND EQUIPMENT   1,509,855 1,153,294 VAR 0 % 235,901 0 0  

    TY 2020 GeneralExplanationAttachment
    Name:
    GRACE FARMS FOUNDATION INC
    EIN:
    27-1401401
    Identifier Return Reference Explanation
    SUMMARY OF DIRECT CHARITABLE ACTIVITIES PART IX-A GRACE FARMS FOUNDATION, INC. (THE "FOUNDATION"), FORMED IN THE STATE OF DELAWARE IN DECEMBER 2009, IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC").ABOUT GRACE FARMSGRACE FARMS FOUNDATION'S INTERDISCIPLINARY HUMANITARIAN MISSION IS TO PURSUE PEACE THROUGH FIVE INITIATIVES - NATURE, ARTS, JUSTICE, COMMUNITY, AND FAITH - AND GRACE FARMS, A SANAA-DESIGNED SITE FOR CONVENING PEOPLE ACROSS SECTORS. OUR STAKE IN THE GROUND IS TO END MODERN SLAVERY AND GENDER-BASED VIOLENCE, AND CREATE MORE GRACE AND PEACE IN LOCAL AND GLOBAL COMMUNITIES. AS A PART OF THIS WORK, AND IN RECOGNITION OF A VOID IN ADDRESSING EXPLOITATION IN THE BUILDING MATERIALS SUPPLY CHAIN, GRACE FARMS FOUNDATION LAUNCHED DESIGN FOR FREEDOM, A NEW MOVEMENT TO INITIALIZE A RADICAL PARADIGM SHIFT TOWARDS A BUILT ENVIRONMENT THAT IS FREE OF FORCED LABOR. GRACE FARMS FOUNDATION'S INITIATIVES APPLY ITS OWN SCHOLARSHIP IN ADDITION TO GLOBAL PARTNERSHIP INSIGHTS, WHICH BECOME MORE PROFOUND WHEN THEY INTERSECT THROUGH GRACE FARMS. BELOW ARE BRIEF DESCRIPTIONS OF OUR "PLACE AND INITIATIVES: PLACE: GRACE FARMS IS OPEN TO THE PUBLIC FREE OF CHARGE FOR ALL TO ENJOY A DIVERSE RANGE OF STRUCTURED AND UNSTRUCTURED PROGRAMMING RELATED TO OUR FIVE INITIATIVES, INCLUDING: SPECIAL PERFORMANCES, LECTURES AND DISCUSSIONS, COMMUNITY DINNERS, YEAR-ROUND RECREATIONAL AND EDUCATIONAL ACTIVITIES, AS WELL AS ARCHITECTURE, SUSTAINABILITY, AND NATURE TOURS OF OUR 80-ACRE NATURAL PRESERVE. THE RIVER BUILDING, WITH ITS TRANSPARENT VOLUMES AND ABUNDANT COMMUNAL SPACES, AND TRANSCENDENT VIEWS OF THE LANDSCAPE, HAS BECOME AN IDEAL ENVIRONMENT AND PLATFORM THAT ATTRACTS PEOPLE LOCALLY, NATIONALLY, AND GLOBALLY TO WORK ON SOME OF OUR MOST PRESSING HUMANITARIAN CHALLENGES. NATURE: WE FACILITATE THE STEWARDSHIP OF OUR NATURAL WORLD THROUGH RESTORATION, EXPLORATION, AND PRESERVATION, OFFERING MORE THAN 30 WEEKS OF MULTI-GENERATIONAL PROGRAMMING, AND COLLABORATE WITH THE JUSTICE INITIATIVE TO PROTECT ENDANGERED SPECIES AND WILDLIFE AT A LOCAL AND INTERNATIONAL LEVEL.ARTS: ARTS DEMONSTRATES OUR INTEGRATIVE VISION AND DYNAMIC INTERPLAY BETWEEN PEOPLE, ARCHITECTURE, AND LANDSCAPE, AND DEVELOPS AND PRESENTS NEW, COLLABORATIVE, SITE RESPONSIVE PROGRAMMING AT THE INTERSECTION OF THE VISUAL, LITERARY, AND PERFORMING ARTS.JUSTICE: OUR COMMITMENT TO JUSTICE IS BASED ON THE INHERENT RIGHT OF LIBERTY AND EQUALITY FOR ALL. WE LEVERAGE OUR LAW ENFORCEMENT EXPERTISE, CAPACITY BUILDING ACROSS LOCAL, NATIONAL, AND GLOBAL JUSTICE SYSTEMS, AND OUR UNIQUE INTERDISCIPLINARY APPROACH, IN ORDER TO DISRUPT MODERN SLAVERY, GENDER-BASED VIOLENCE, AND ENVIRONMENTALCRIMES.COMMUNITY: WE ENGAGE DIVERSE AUDIENCES AND ALSO CREATE PROXIMITIES TO PEOPLE WITH DIFFERENT PERSPECTIVES AND HUMANITARIAN ISSUES, WITH THE GOAL OF CATALYZING NEW WAYS OF THINKING, PARTNERSHIPS, AND ACTIONS THAT CAN LEAD TOWARD SUSTAINED SOCIAL IMPACT.FAITH: WE OFFER OPPORTUNITIES FOR DIALOGUE AND REFLECTION TO EXPLORE THE NATURE OF FLOURISHING AND PURPOSEFUL LIFE THROUGH WORKSHOPS WITH VARIOUS FAITH LEADERS AND EDUCATORS ENGAGING WITH THE WORLD'S GREAT TRADITIONS.OUR WORK: NEW OUTCOMESDESIGN FOR FREEDOM AS PREVIOUSLY MENTIONED, THE INTERSECTING WORK OF OUR INITIATIVES AND PLACE OF GRACE FARMS, PROVIDES PROFOUND INSIGHTS THAT RESULT IN NEW OUTCOMES. IN 2020, THE FOUNDATION LAUNCHED DESIGN FOR FREEDOM, AN AMBITIOUS MOVEMENT TO ELIMINATE FORCED LABOR OR MODERN SLAVERY FROM THE BUILT ENVIRONMENT. MORE THAN 60 GLOBAL INDUSTRY LEADERS AND EXPERTS HAVE JOINED THIS MOVEMENT. THE PUBLIC LAUNCH INCLUDED THE PUBLICATION OF A NEW REPORT, DESIGN FOR FREEDOM, WHICH PROVIDES ANALYSIS AND DATA ON HOW FORCED LABOR IS CEMENTED INTO THE VERY FOUNDATIONS OF BUILDINGS; A DEDICATED WEBSITE FULLY FUNCTIONAL BY 2021 (DESIGNFORFREEDOM.ORG) WITH TOOLS, RESOURCES, AND ORIGINAL CONTENT; AND A VISITING LECTURE SERIES AND PUBLIC EVENTS WITH NUMEROUS ACADEMIC INSTITUTIONS SUCH AS YALE UNIVERSITY, COOPER UNION, AND PRATT INSTITUTE TO EDUCATE FUTURE ARCHITECTS AND THE PUBLIC ABOUT THIS PRESSING HUMANITARIAN ISSUE.GRACE FARMS RELIEF FUND FOR CONNECTICUT AS COVID-19 BEGAN TO IMPACT THE U.S. IN 2020, AREAS IN CONNECTICUT BECOME "HOTSPOTS" FOR THE VIRUS. IN FREQUENT COMMUNICATION WITH OUR LOCAL FIRST RESPONDERS, AS WELL AS OTHER OFFICIALS EARLY IN THE PANDEMIC, WE BECAME AWARE OF THE DESPERATE NEED FOR PERSONAL PROTECTIVE EQUIPMENT (PPE). IN 2020, GRACE FARMS WAS TRANSFORMED INTO AN ESSENTIAL PLACE OF BUSINESS AND HUMANITARIAN HUB TO CONFRONT THE ESCALATING PANDEMIC AND DIRE NEED FOR PPE, AS WELL AS THE SOARING NEED FOR FOOD. TO ADDRESS THESE TWO CRISES, THE FOUNDATION LAUNCHED THE GRACE FARMS RELIEF FUND FOR CONNECTICUT AND THE GRACE FARMS ALLIANCE AGAINST COVID-19.THE RELIEF FUND AND THE ALLIANCE, CONSISTING OF TRUSTED LOCAL, NATIONAL, AND GLOBAL PARTNERS, ALLOWED THE FOUNDATION TO QUICKLY SOURCE, PURCHASE, DONATE, AND DELIVER 2 MILLION PPE TO HOSPITALS AND ORGANIZATIONS THROUGHOUT THE STATE. OUR ABILITY TO FORM THESE PUBLIC-PRIVATE PARTNERSHIPS ALLOWED THE FOUNDATION TO ACCELERATE OUR RELIEF EFFORTS AND CLOSE THE STATE-WIDE PPE GAP. OUR OWN KNOWLEDGE AND EXPERTISE IN GLOBAL SUPPLY CHAINS WERE ALSO INSTRUMENTAL IN ACCELERATING OUR RELIEF EFFORTS, INCLUDING DONATING UPWARDS OF 2,000 WHOLESOME MEALS PER WEEK TO THOSE IN NEED IN FAIRFIELD COUNTY.

    TY 2020 LandEtcSchedule2
    Name:
    GRACE FARMS FOUNDATION INC
    EIN:
    27-1401401
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING 90,937,066 9,025,102 81,911,964 81,911,964
    LAND 39,460,567 0 39,460,567 39,460,567
    LAND IMPROVEMENTS 252,653 48,071 204,582 204,581
    FURNITURE AND FIXTURES 4,339,216 2,131,045 2,208,171 2,208,172
    WEBSITE, COMPUTER SOFTWARE 3,600,941 1,071,229 2,529,712 2,529,712
    AUTOS 59,581 14,015 45,566 45,566
    COMPUTER AND EQUIPMENT 1,509,855 1,375,683 134,172 134,172


    TY 2020 LegalFeesSchedule
    Name:
    GRACE FARMS FOUNDATION INC
    EIN:
    27-1401401
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ROBINSON + COLE 131,297 0 0 98,361
    HOLLAND & KNIGHT LLP 78,108 0 0 54,108
    KATHRYN BARRET PARK 17,032 0 0 11,282
    FRANKFURT KURNIT KLEIN & SELZ, PC 12,997 0 0 12,997
    DAY PITNEY LLP 9,518 0 0 7,958
    GREGORY AND ADAMS, P.C. 8,606 0 0 8,606
    DAVISON ENVIRONMENTAL LLC 5,250 0 0 3,500
    PULLMAN & COMLEY LLC 280 0 0 280
    RICHARD SHECHTER 277 0 0 277


    TY 2020 OtherAssetsSchedule
    Name:
    GRACE FARMS FOUNDATION INC
    EIN:
    27-1401401
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    OTHER ASSETS 12,542 12,792 12,792


    TY 2020 OtherExpensesSchedule
    Name:
    GRACE FARMS FOUNDATION INC
    EIN:
    27-1401401
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DIRECT CHARITABLE ACTIVITIES 2,920,730 0 0 2,920,730
    INSURANCE 215,783 0 0 215,783
    MARKETING & COMMUNICATIONS 65,616 0 0 112,329
    OFFICE EXPENSES & SUPPLIES 89,984 0 0 91,611
    RECRUITING EXPENSE 72,963 0 0 86,145
    PROGRAM SERVICES 60,541 0 0 52,389
    OTHER PROGRAM EXPENSES 23,181 0 0 24,260
    EMPLOYEE TRAINING 23,857 0 0 23,738
    PROCESSING/FILING FEES 30,013 320 0 23,198
    TEMPORARY LABOR 4,500 0 0 4,500
    TOUR GUIDE FEES 230 0 0 230


    TY 2020 OtherIncomeSchedule2
    Name:
    GRACE FARMS FOUNDATION INC
    EIN:
    27-1401401
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SPECIAL EVENTS REVENUE 462,765   462,765


    TY 2020 OtherIncreasesSchedule
    Name:
    GRACE FARMS FOUNDATION INC
    EIN:
    27-1401401
    Description Amount
    DONATED SERVICES 95,457


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    GRACE FARMS FOUNDATION INC
    EIN:
    27-1401401
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SECURITY SERVICES 743,450 0 0 705,806
    OUTSIDE CONSULTANT 364,700 0 0 396,560
    PUBLIC RELATIONS 179,342 0 0 179,342
    IT CONSULTANT 0 0 0 3,400