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
THE SANDY HILL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)330 SOUTH STREET SUITE 4
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MORRISTOWN, NJ07960
A Employer identification number

22-2668774
B Telephone number (see instructions)

(973) 290-2333
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$25,370,416J 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) 7,112,898
2 Check bullet.............
3 Interest on savings and temporary cash investments 7,825 25,206  
4 Dividends and interest from securities... 239,099 294,362  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 2,098,258
b Gross sales price for all assets on line 6a 5,629,168
7 Capital gain net income (from Part IV, line 2)... 2,133,480
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 1,673 -790  
12 Total. Add lines 1 through 11........ 9,459,753 2,452,258  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,720 2,860   2,860
c Other professional fees (attach schedule).... Click to see attachment 15,466 40,985   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 43,164 5,293   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 435 125   310
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 64,785 49,263   3,170
25 Contributions, gifts, grants paid....... 4,399,908 4,399,908
26 Total expenses and disbursements. Add lines 24 and 25 4,464,693 49,263   4,403,078
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,995,060
b Net investment income (if negative, enter -0-) 2,402,995
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............. 1,806,781 952,954 952,954
2 Savings and temporary cash investments.........      
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)      
b Investments—corporate stock (attach schedule)....... 13,627,556 Click to see attachment15,911,185 15,911,185
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet777
Less: accumulated depreciation (attach schedule) bullet777      
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 5,640,371 Click to see attachment8,506,277 8,506,277
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 21,074,708 25,370,416 25,370,416
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 21,074,708 25,370,416
29 Total net assets or fund balances (see instructions)..... 21,074,708 25,370,416
30 Total liabilities and net assets/fund balances (see instructions). 21,074,708 25,370,416
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
21,074,708
2
Enter amount from Part I, line 27a .....................
2
4,995,060
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
26,069,768
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
699,352
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
25,370,416
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 SHORT TERM GAIN FROM K-1 P 2020-01-01 2020-12-31
b LONG TERM GAIN FROM K-1 P 2019-01-01 2020-12-31
c SEC 1256-SHORT TERM FROM K-1 P 2020-01-01 2020-12-31
d SEC 1256-LONG TERM FROM K-1 P 2019-01-01 2020-12-31
e JP MORGAN CHASE & CO 62   2020-03-11 2020-11-20
JP MORGAN CHASE & CO 57   2020-03-12 2020-11-23
JP MORGAN CHASE & CO 60   2020-03-12 2020-11-25
WELLS FARGO & CO 18   2020-07-19 2020-03-16
WELLS FARGO & CO 158   2019-07-25 2020-03-17
WELLS FARGO & CO 87   2020-07-25 2020-03-18
WELLS FARGO & CO 86   2020-02-05 2020-03-19
ANHEUSER BUSCH 90   2012-11-02 2020-05-22
ANHEUSER BUSCH 100   2013-07-18 2020-11-23
ANHEUSER BUSCH 25   2014-07-16 2020-11-23
ANHEUSER BUSCH 75   2015-10-27 2020-11-25
JC DECAUX 50   2017-10-25 2020-06-17
PERNOD RICARD ORD 60   2013-10-29 2020-11-20
PERNOD RICARD ORD 50   2013-12-27 2020-11-23
PERNOD RICARD ORD 40   2014-01-16 2020-11-25
DIAGEO PLC ORD 275   2015-02-04 2020-09-21
CIE FINANCIERE RICHEMONT 40   2015-04-07 2020-01-09
CIE FINANCIERE RICHEMONT 55   2015-07-10 2020-02-27
CIE FINANCIERE RICHEMONT 75   2015-07-10 2020-02-27
CIE FINANCIERE RICHEMONT 61   2015-07-13 2020-05-15
CIE FINANCIERE RICHEMONT 44   2015-07-13 2020-11-20
CIE FINANCIERE RICHEMONT 70   2015-12-16 2020-11-23
CIE FINANCIERE RICHEMONT 90   2016-01-05 2020-11-25
SWATCH GROUP 3   2016-03-18 2020-05-15
SWATCH GROUP 25   2016-05-26 2020-06-12
ALPHABET INC. CAP STK CL C 6   2019-06-13 2020-11-20
ALPHABET INC. CAP STK CL C 3   2019-07-11 2020-11-23
ALPHABET INC. CAP STK CL C 5   2019-09-19 2020-11-25
ALTRIA GROUP INC COM 70   2017-08-01 2020-02-05
UNILEVER NV NY 90   2013-05-31 2020-11-20
UNILEVER NV NY 23   2013-06-26 2020-11-23
UNILEVER NV NY 155   2013-12-24 2020-11-25
WELLS FARGO & CO 5   2012-10-16 2020-03-11
WELLS FARGO & CO 25   2012-11-27 2020-03-12
WELLS FARGO & CO 22   2016-10-21 2020-03-13
WELLS FARGO & CO 62   2019-01-04 2020-03-16
ANHEUSER BUSCH 130   2011-08-03 2020-05-21
ANHEUSER BUSCH 15   2011-08-03 2020-05-22
DIAGEO PLC ORD 410   2011-02-07 2020-09-18
DIAGEO PLC ORD 5   2011-02-07 2020-09-21
HEINEKEN HLDG 126   2011-02-07 2020-11-20
HEINEKEN HLDG 125   2011-02-07 2020-11-23
HEINEKEN HLDG 115   2011-02-07 2020-11-25
ALTRIA GROUP 132   2011-02-04 2020-01-31
ALTRIA GROUP 195   2011-02-04 2020-02-05
BERKSHIRE HATHAWAY 93   2011-08-03 2020-11-20
BERKSHIRE HATHAWAY 95   2011-08-03 2020-11-23
BERKSHIRE HATHAWAY 90   2011-08-03 2020-11-25
BROWN FORMAN CORP CL B 10   2009-09-14 2020-11-20
BROWN FORMAN CORP CL B 60   2011-02-04 2020-11-23
BROWN FORMAN CORP CL B 60   2011-02-04 2020-11-25
COMCAST CORP CL A 80   2009-09-14 2020-11-20
COMCAST CORP CL A 80   2009-09-14 2020-11-23
COMCAST CORP CL A 70   2009-09-14 2020-11-25
MARTIN MARIETTA MTLS INC 15   2011-08-02 2020-11-20
MARTIN MARIETTA MTLS INC 15   2011-08-02 2020-11-23
MARTIN MARIETTA MTLS INC 10   2011-08-02 2020-11-25
MASTERCARD INC. 12   2011-02-04 2020-10-26
MASTERCARD INC. 12   2011-02-04 2020-11-10
MASTERCARD INC. 61   2011-02-04 2020-11-20
MASTERCARD INC. 74   2011-02-04 2020-11-23
MASTERCARD INC. 61   2011-02-04 2020-11-25
MASTERCARD INC. 15   2011-02-04 2020-12-17
NESTLE SA SPONSORED 150   2011-02-04 2020-11-20
NESTLE SA SPONSORED 199   2011-02-04 2020-11-23
NESTLE SA SPONSORED 141   2011-02-04 2020-11-25
PHILIP MORRIS INT'L 134   2011-02-04 2020-11-20
PHILIP MORRIS INT'L 125   2011-02-04 2020-11-23
PHILIP MORRIS INT'L 120   2011-02-04 2020-11-25
FUTURE FUEL CORP 5000   2006-07-25 2020-07-21
FUTURE FUEL CORP 10000   2006-07-25 2020-07-21
FUTURE FUEL CORP 5000   2006-07-25 2020-07-21
FUTURE FUEL CORP 5000   2006-07-25 2020-07-21
FUTURE FUEL CORP 25000   2006-07-25 2020-07-21
FUTURE FUEL CORP 5000   2006-07-25 2020-08-06
FUTURE FUEL CORP 15000   2006-07-25 2020-08-06
FUTURE FUEL CORP 20000   2006-07-25 2020-08-07
FUTURE FUEL CORP 10000   2006-07-25 2020-08-07
FUTURE FUEL CORP 20000   2006-07-25 2020-08-07
FUTURE FUEL CORP 12500   2006-07-25 2020-08-07
FUTURE FUEL CORP 1370   2006-07-25 2020-08-10
FUTURE FUEL CORP 8861   2006-07-25 2020-08-11
FUTURE FUEL CORP 8420   2006-07-25 2020-08-11
FUTURE FUEL CORP 7697   2006-07-25 2020-08-12
FUTURE FUEL CORP 31288   2006-07-25 2020-08-13
FUTURE FUEL CORP 25794   2006-07-25 2020-08-13
FUTURE FUEL CORP 1154   2006-07-25 2020-08-13
DODGE & COX 23635.074   2009-08-10 2020-11-30
WELLS FARGO (SETTLEMENT FUND)   2020-10-08 2020-10-08
EACM ARG/GARNET CL M   2014-01-01 2020-12-31
EACM ARG/GARNET CL R   2017-03-01 2020-12-31
US TREASURY NT   2020-11-13 2020-11-30
US TREASURY NT   2020-11-13 2020-11-30
US TREASURY NT   2019-12-05 2020-11-30
US TREASURY NT   2020-11-05 2020-11-30
US TREASURY NT   2020-11-05 2020-11-30
US TREASURY NT   2020-05-12 2020-11-30
BRIDGEWAY BLUE CHIP - LT CAPITAL GAIN   2019-01-01 2020-12-18
FPA CRESCENT FUND-LT CAPITAL GAIN   2019-01-01 2020-06-30
FPA CRESCENT FUND-LT CAPITAL GAIN   2019-01-01 2020-12-21
JP MORGAN CHASE & CO 8   2020-03-11 2020-11-23
WELLS FARGO & CO 12   2019-07-19 2020-03-17
ANHEUSER BUSCH 100   2012-11-02 2020-11-20
ANHEUSER BUSCH 50   2013-06-26 2020-11-20
ANHEUSER BUSCH 25   2013-07-16 2020-11-20
ANHEUSER BUSCH 15   2013-07-18 2020-11-20
ANHEUSER BUSCH 65   2015-10-19 2020-11-23
ANHEUSER BUSCH 20   2015-11-05 2020-11-25
JC DECAUX 125   2016-01-29 2020-06-17
JC DECAUX 25   2016-06-28 2020-06-17
JC DECAUX 25   2016-07-11 2020-06-17
JC DECAUX 40   2016-11-18 2020-06-17
JC DECAUX 100   2016-12-08 2020-06-17
JC DECAUX 100   2016-12-14 2020-06-17
JC DECAUX 350   2017-07-31 2020-06-17
JC DECAUX 100   2017-09-04 2020-06-17
PERNOD RICARD ORD 10   2014-01-16 2020-11-23
PERNOD RICARD ORD 15   2014-02-14 2020-11-25
DIAGEO PLC ORD 60   2015-03-19 2020-09-21
DIAGEO PLC ORD 40   2015-03-20 2020-09-21
CIE FINANCIERE RICHEMONT 10   2015-07-10 2020-01-09
CIE FINANCIERE RICHEMONT 40   2015-07-13 2020-02-27
CIE FINANCIERE RICHEMONT 25   2015-11-17 2020-11-20
CIE FINANCIERE RICHEMONT 35   2015-12-16 2020-11-20
CIE FINANCIERE RICHEMONT 35   2016-01-05 2020-11-23
CIE FINANCIERE RICHEMONT 5   2016-01-27 2020-11-25
SWATCH GROUP 5   2016-03-31 2020-05-15
SWATCH GROUP 10   2016-04-14 2020-05-15
SWATCH GROUP 5   2016-06-01 2020-06-12
SWATCH GROUP 10   2016-06-07 2020-06-12
SWATCH GROUP 3   2016-06-09 2020-06-12
SWATCH GROUP 5   2016-10-11 2020-06-12
SWATCH GROUP 30   2017-08-25 2020-06-12
SWATCH GROUP 49   2017-10-25 2020-06-12
ALPHABET INC. CAP STK CL C 1   2019-07-11 2020-11-20
ALPHABET INC. CAP STK CL C 1   2019-09-13 2020-11-23
ALPHABET INC. CAP STK CL C 2   2019-09-19 2020-11-23
ALPHABET INC. CAP STK CL C 1   2019-09-26 2020-11-25
UNILEVER NV NY 77   2013-06-26 2020-11-20
UNILEVER NV NY 80   2013-11-18 2020-11-23
UNILEVER NV NY 67   2013-12-24 2020-11-23
WELLS FARGO & CO 225   2012-11-27 2020-03-11
WELLS FARGO & CO 50   2012-12-17 2020-03-12
WELLS FARGO & CO 125   2013-01-16 2020-03-12
WELLS FARGO & CO 50   2013-06-28 2020-03-12
WELLS FARGO & CO 25   2013-11-22 2020-03-12
WELLS FARGO & CO 75   2015-10-09 2020-03-12
WELLS FARGO & CO 75   2016-04-19 2020-03-12
WELLS FARGO & CO 75   2016-08-08 2020-03-12
WELLS FARGO & CO 100   2016-09-19 2020-03-12
WELLS FARGO & CO 78   2016-10-21 2020-03-12
WELLS FARGO & CO 80   2018-07-03 2020-03-13
WELLS FARGO & CO 270   2018-07-06 2020-03-13
WELLS FARGO & CO 10   2018-07-23 2020-03-13
WELLS FARGO & CO 15   2018-08-03 2020-03-13
WELLS FARGO & CO 8   2019-01-04 2020-03-13
BROWN FORMAN CORP CL B 50   2011-04-02 2020-11-20
(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 63,138     63,138
b 43,620     43,620
c     28,614 -28,614
d     42,922 -42,922
e 7,109   5,939 1,170
6,675   5,081 1,594
7,299   5,348 1,951
508   832 -324
4,574   7,626 -3,052
2,424   4,199 -1,775
2,386   4,160 -1,774
3,644   7,524 -3,880
658   896 -238
1,646   2,817 -1,171
5,094   8,818 -3,724
948   1,899 -951
11,253   7,262 3,991
9,278   5,700 3,578
7,400   4,496 2,904
8,733   8,089 644
3,151   3,330 -179
4,013   4,480 -467
5,054   6,110 -1,056
3,221   5,028 -1,807
3,624   3,627 -3
5,842   5,120 722
7,724   6,200 1,524
531   1,074 -543
5,027   7,532 -2,505
10,569   6,536 4,033
5,192   3,435 1,757
8,839   6,194 2,645
3,243   4,602 -1,359
5,297   3,694 1,603
1,332   892 440
9,431   6,100 3,331
161   170 -9
704   823 -119
648   993 -345
1,750   2,963 -1,213
5,346   7,222 -1,876
607   833 -226
13,685   8,233 5,452
159   100 59
11,714   5,661 6,053
11,589   5,616 5,973
10,691   5,166 5,525
6,288   3,163 3,125
9,035   4,672 4,363
21,177   6,860 14,317
21,753   7,008 14,745
21,012   6,638 14,374
727   138 589
4,346   1,079 3,267
4,449   1,079 3,370
3,950   660 3,290
3,948   659 3,289
3,584   577 3,007
3,993   1,063 2,930
4,014   1,063 2,951
2,719   708 2,011
3,809   297 3,512
4,017   296 3,721
20,017   1,508 18,509
24,355   1,830 22,525
20,802   1,508 19,294
5,041   371 4,670
17,092   8,150 8,942
22,118   10,812 11,306
15,797   7,661 8,136
10,318   7,846 2,472
9,525   7,319 2,206
9,327   7,026 2,301
64,799   40,000 24,799
129,492   80,000 49,492
68,005   40,000 28,005
67,431   40,000 27,431
337,882   200,000 137,882
68,435   40,000 28,435
205,304   120,000 85,304
278,534   160,000 118,534
139,267   80,000 59,267
278,534   160,000 118,534
171,254   100,000 71,254
19,128   10,960 8,168
126,073   70,888 55,185
118,351   67,360 50,991
109,810   61,576 48,234
442,352   250,304 192,048
364,719   206,352 158,367
16,327   9,232 7,095
1,000,000   682,587 317,413
50     50
102,138   127,602 -25,464
486   2,345 -1,859
99,951   99,941 10
19,999   19,998 1
100,000   98,474 1,526
82,091   82,065 26
117,848   117,834 14
97,227   97,185 42
339,820     339,820
22,522     22,522
14,447     14,447
937   766 171
347   555 -208
651   836 -185
3,256   4,438 -1,182
1,628   2,285 -657
977   1,344 -367
4,279   7,549 -3,270
1,358   2,402 -1,044
2,369   4,900 -2,531
474   853 -379
474   842 -368
758   1,071 -313
1,895   2,719 -824
1,895   2,909 -1,014
6,633   12,517 -5,884
1,895   3,333 -1,438
1,856   1,124 732
2,775   1,701 1,074
1,905   1,735 170
1,270   1,161 109
788   815 -27
2,696   3,297 -601
2,059   1,928 131
2,883   2,560 323
2,921   2,411 510
429   322 107
885   1,751 -866
1,771   3,451 -1,680
1,005   1,478 -473
2,011   3,142 -1,131
603   962 -359
1,005   1,480 -475
6,032   11,911 -5,879
9,853   19,848 -9,995
1,762   1,145 617
1,731   1,236 495
3,461   2,478 983
1,768   1,240 528
4,532   2,986 1,546
4,634   3,150 1,484
3,881   2,637 1,244
7,265   7,403 -138
1,407   1,706 -299
3,517   4,395 -878
1,407   2,076 -669
703   1,107 -404
2,110   3,947 -1,837
2,110   3,740 -1,630
2,110   3,672 -1,562
2,814   4,613 -1,799
2,195   3,520 -1,325
2,358   4,491 -2,133
7,957   15,112 -7,155
295   579 -284
442   882 -440
236   382 -146
3,634   899 2,735
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       63,138
b       43,620
c       -28,614
d       -42,922
e       1,170
      1,594
      1,951
      -324
      -3,052
      -1,775
      -1,774
      -3,880
      -238
      -1,171
      -3,724
      -951
      3,991
      3,578
      2,904
      644
      -179
      -467
      -1,056
      -1,807
      -3
      722
      1,524
      -543
      -2,505
      4,033
      1,757
      2,645
      -1,359
      1,603
      440
      3,331
      -9
      -119
      -345
      -1,213
      -1,876
      -226
      5,452
      59
      6,053
      5,973
      5,525
      3,125
      4,363
      14,317
      14,745
      14,374
      589
      3,267
      3,370
      3,290
      3,289
      3,007
      2,930
      2,951
      2,011
      3,512
      3,721
      18,509
      22,525
      19,294
      4,670
      8,942
      11,306
      8,136
      2,472
      2,206
      2,301
      24,799
      49,492
      28,005
      27,431
      137,882
      28,435
      85,304
      118,534
      59,267
      118,534
      71,254
      8,168
      55,185
      50,991
      48,234
      192,048
      158,367
      7,095
      317,413
      50
      -25,464
      -1,859
      10
      1
      1,526
      26
      14
      42
      339,820
      22,522
      14,447
      171
      -208
      -185
      -1,182
      -657
      -367
      -3,270
      -1,044
      -2,531
      -379
      -368
      -313
      -824
      -1,014
      -5,884
      -1,438
      732
      1,074
      170
      109
      -27
      -601
      131
      323
      510
      107
      -866
      -1,680
      -473
      -1,131
      -359
      -475
      -5,879
      -9,995
      617
      495
      983
      528
      1,546
      1,484
      1,244
      -138
      -299
      -878
      -669
      -404
      -1,837
      -1,630
      -1,562
      -1,799
      -1,325
      -2,133
      -7,155
      -284
      -440
      -146
      2,735
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 2,133,480
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 33,402
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 33,402
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 33,402
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 29,962
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 12,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 41,962
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 52
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 8,508
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet8,508 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)
    bulletDE, NJ
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTHE SANDY HILL FOUNDATION Telephone no.bullet (973) 290-2333

    Located atbullet330 SOUTH STREET-SUITE 4MORRISTOWNNJ ZIP+4bullet07960
    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
     
     
    ........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
    JOSEPH WALSH PRESIDENT
    2.00     		0 0 0
    330 SOUTH STREET SUITE 4
    MORRISTOWN,NJ07960
    FRANK E WALSH JR CHAIRMAN
    10.00     		0 0 0
    3392 BARROW ISLAND ROAD
    JUPITER,FL33477
    JEFFREY R WALSH TREASURER/SECRETARY
    5.00     		0 0 0
    330 SOUTH STREET SUITE 4
    MORRISTOWN,NJ07960
    MARY D WALSH VICE PRESIDENT
    0.00     		0 0 0
    3392 BARROW ISLAND ROAD
    JUPITER,FL33477
    MEGHAN WALSH CIOFFI VICE PRESIDENT
    0.00     		0 0 0
    330 SOUTH STREET SUITE 4
    MORRISTOWN,NJ07960
    FRANK E WALSH III VICE PRESIDENT
    5.00     		0 0 0
    330 SOUTH STREET SUITE 4
    MORRISTOWN,NJ07960
    ROBERT F CIOFFI VICE PRESIDENT
    5.00     		0 0 0
    330 SOUTH STREET SUITE 4
    MORRISTOWN,NJ07960
    KAREN R WALSH VICE PRESIDENT
    0.00     		0 0 0
    330 SOUTH STREET SUITE 4
    MORRISTOWN,NJ07960
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    15,133,928
    b
    Average of monthly cash balances.......................
    1b
    2,181,091
    c
    Fair market value of all other assets (see instructions)................
    1c
    5,807,094
    d
    Total (add lines 1a, b, and c).........................
    1d
    23,122,113
    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
    23,122,113
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    346,832
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    22,775,281
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,138,764
    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
    1,138,764
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    33,402
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    33,402
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,105,362
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,105,362
    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
    1,105,362
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    4,403,078
    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
    4,403,078
    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
    4,403,078
    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 1,105,362
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 2,489,153
    b From 2016...... 1,270,456
    c From 2017...... 3,570,864
    d From 2018...... 2,997,696
    e From 2019...... 3,284,099
    fTotal of lines 3a through e........ 13,612,268
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 4,403,078
    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..... 1,105,362
    e Remaining amount distributed out of corpus 3,297,716
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 16,909,984
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		2,489,153
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		14,420,831
    10 Analysis of line 9:
    a Excess from 2016.... 1,270,456
    b Excess from 2017.... 3,570,864
    c Excess from 2018.... 2,997,696
    d Excess from 2019.... 3,284,099
    e Excess from 2020.... 3,297,716
    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).)
    FRANK E WALSH JR
    MARY D WALSH
    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.
    FRANK E WALSH JR
    MARY D WALSH
    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
    FAU FOUNDATION INC
    777 GLADES ROAD ADM 295
    BOCA RATON,FL33431     		  PC GENERAL FUND 10,000
    BOYS & GIRLS CLUBS OF NEWARK
    1 AVON AVENUE
    NEWARK,NJ07108     		  PC GENERAL FUND 25,000
    DIOCESAN SERVICES APPEAL CATHOLIC CHARITIES DIOCESE OF TRENTON
    383 WEST STATE STREET PO BOX 1423
    TRENTON,NJ08607     		  PC GENERAL FUND 5,000
    DIOCESAN SERVICES APPEAL CATHOLIC CHARITIES DIOCESE OF TRENTON
    383 WEST STATE STREET PO BOX 1423
    TRENTON,NJ08607     		  PC GENERAL FUND 5,000
    JUNIOR ACHIEVEMENT OF PALM BEACH
    6903 VISTA PARKWAY NORTH SUITE 10
    WEST PALM BEACH,FL334112728     		  PC GENERAL FUND 5,000
    GUATEMALA TOMORROW FUND
    PO BOX 3636
    TEQUESTA,FL33469     		  PC GENERAL FUND 5,000
    GOOD GRIEF
    38 ELM STREET
    MORRISTOWN,NJ07960     		  PC GENERAL FUND 10,000
    FLORIDA ATLANTIC UNIVERSITY
    777 GLADES ROAD PO BOX 3091
    BOCA RATON,FL334310991     		  PC GENERAL FUND 1,408
    WOUNDED VETERANS RELIEF FUND
    300 PROSPERITY FARMS ROAD
    NORTH PALM BEACH,FL33408     		  PC GENERAL FUND 25,000
    OUR LADY OF THE LAKE PARISH
    294 S SPARTA AVENUE
    SPARTA,NJ07871     		  PC GENERAL FUND 2,500
    PENN STATE UNIVERSITY LEVI LAMB FUND-ATHLETICS
    2583 GATEWAY DRIVE SUITE 130
    STATE COLLEGE,PA168013098     		  PC GENERAL FUND 5,000
    POPE JOHN XXIII REGIONAL HIGH SCHOOL
    28 ANDOVER ROAD
    SPARTA,NJ07871     		  PC GENERAL FUND 2,500
    PROJECT SELF SUFFICIENCY
    127 MILL STREET
    NEWTON,NJ07860     		  PC GENERAL FUND 5,000
    REV CASSIDY ENDOWMENT FUND
    294 S SPARTA AVENUE
    SPARTA,NJ07871     		  PC GENERAL FUND 5,000
    CORPUS CHRISTI CHURCH
    234 SOUTHERN BOULEVARD
    CHATHAM,NJ07928     		  PC GENERAL FUND 10,000
    ROMAN CATHOLIC DIOCESE OF PATERSON
    777 VALLEY ROAD
    CLIFTON,NJ07013     		  PC GENERAL FUND 10,000
    CATHOLIC CHARITIES EMERGENCY FUND
    590 NORTH 7TH STREET
    NEWARK,NJ07107     		  PC GENERAL FUND 10,000
    COVENANT HOUSE NEW JERSEY
    330 WASHINGTON STREET
    NEWARK,NJ07102     		  PC GENERAL FUND 15,000
    ST PETER CATHOLIC CHURCH
    1701 INDIAN CREEK PARKWAY
    JUPITER,FL33458     		  PC GENERAL FUND 5,000
    ADORER MISSIONARY SISTERS OF THE POOR INC
    1701 INDIAN CREEK PARKWAY
    JUPITER,FL33458     		  PC GENERAL FUND 20,000
    COMMUNITY FOOD BANK
    31 EVANS TERMINAL
    HILLSIDE,NJ07205     		  PC GENERAL FUND 10,000
    COMMUNITY SOUP KITCHEN
    36 SOUTH STREET
    MORRISTOWN,NJ07960     		  PC GENERAL FUND 10,000
    CUMAC
    PO BOX 2721
    PATERSON,NJ075092721     		  PC GENERAL FUND 10,000
    EVA'S VILLAGE INC
    393 MAIN STREET
    PATERSON,NJ07501     		  PC GENERAL FUND 20,000
    FOOD FOR THE POOR INC
    6401 LYONS ROAD
    COCONUT CREEK,FL33073     		  PC GENERAL FUND 5,000
    FRANCISCAN CHARITIES INC
    335 SOUTH 6TH STREET
    NEWARK,NJ07103     		  PC GENERAL FUND 10,000
    FEEDING SOUTH FLORIDA SENECA INDUSTRIAL PARK
    2501 SW 32ND TERRACE
    PEMBROKE PARK,FL33023     		  PC GENERAL FUND 10,000
    LITTLE SISTERS OF THE POOR
    140 SHEPHERD LANE
    TOTOWA,NJ07512     		  PC GENERAL FUND 10,000
    MARKET STREET MISSION
    9 MARKET STREET
    MORRISTOWN,NJ07960     		  PC GENERAL FUND 5,000
    OUR LADY OF FLORIDA SPIRITUAL CENTER
    1300 US HIGHWAY ONE
    NORTH PALM BEACH,FL33408     		  PC GENERAL FUND 10,000
    PALM BEACH HARVEST INC
    4601 S FLAGLER DRIVE
    WEST PALM BEACH,FL33405     		  PC GENERAL FUND 10,000
    ST JOHN'S SOUP KITCHEN
    22 MULBERRY STREET
    NEWARK,NJ071025202     		  PC GENERAL FUND 10,000
    ST VINCENT DE PAUL SOCIETY
    1701 INDIAN CREEK PARKWAY
    JUPITER,FL334588204     		  PC GENERAL FUND 5,000
    FAU FOUNDATION INC
    777 GLADES ROAD ADM 295
    BOCA RATON,FL33431     		  PC GENERAL FUND 10,000
    THE KENNEDY CENTER
    2700 F STREET NW
    WASHINGTON,DC20566     		  PC GENERAL FUND 35,000
    OCEAN MEDICAL CENTER FOUNDATION
    425 JACK MARTIN BLVD
    BRICK,NJ08724     		  PC GENERAL FUND 42,500
    EL SOL
    106 MILITARY TRAIL
    JUPITER,FL33458     		  PC GENERAL FUND 40,000
    SETON HALL UNIVERSITY
    120 NORTHFIELD AVENUE
    WEST ORANGE,NJ070524794     		  PC GENERAL FUND 100,000
    ARC OF PALM BEACH COUNTY
    1201 AUSTRALIAN AVENUE
    RIVIERA BEACH,FL33404     		  PC GENERAL FUND 50,000
    DIOCESE OF TRENTON
    701 LAWRENCEVILLE ROAD PO BOX 5147
    TRENTON,NJ086380147     		  PC GENERAL FUND 5,000
    OPPORTUNITY PROJECT INC
    60 EAST WILLOW STREET
    MILLBURN,NJ07041     		  PC GENERAL FUND 5,000
    EMPLOYMENT HORIZONS INC
    10 RIDGEDALE AVENUE
    CEDAR KNOLLS,NJ07927     		  PC GENERAL FUND 10,000
    FREEDOM HOUSE
    2004 STATE ROUTE 31 SUITE 9
    CLINTON,NJ08809     		  PC GENERAL FUND 10,000
    INTERFAITH FOOD PANTRY AND RESOURCE CTR
    2 EXECUTIVE DRIVE
    MORRIS PLAINS,NJ07950     		  PC GENERAL FUND 10,000
    MARY'S MEDIA FOUNDATION
    PO BOX 8832
    JUPITER,FL33468     		  PC GENERAL FUND 1,000
    CAROLYN'S MISSION INC
    15645 118TH TER N
    JUPITER,FL33478     		  PC GENERAL FUND 5,000
    EVA'S VILLAGE INC
    393 MAIN STREET
    PATERSON,NJ07501     		  PC GENERAL FUND 7,500
    HOLIDAY EXPRESS
    151 INDUSTRIAL WAY EAST BUILDING A
    SUITE A-4
    EATONTOWN,NJ07724     		  PC GENERAL FUND 5,000
    ST VINCENT ACADEMY
    228 WEST MARKET STREET
    NEWARK,NJ071032715     		  PC GENERAL FUND 25,000
    CORPUS CHRISTI CHURCH
    234 SOUTHERN BOULEVARD
    CHATHAM,NJ07928     		  PC GENERAL FUND 10,000
    BOYS & GIRLS CLUBS OF NEWARK
    1 AVON AVENUE
    NEWARK,NJ07108     		  PC GENERAL FUND 10,000
    POINTS OF LIGHT
    600 MEANS STREET NW SUITE 210
    ATLANTA,GA30318     		  PC GENERAL FUND 10,000
    MATTHEW C SELLITTO FOUNDATION
    PO BOX 1
    NEW VERNON,NJ07976     		  PC GENERAL FUND 1,000
    TEAM WALKER
    373 COMMUNIPAW AVENUE
    JERSEY CITY,NJ07304     		  PC GENERAL FUND 15,000
    THE BUONICONTI FUND TO CURE PARALYSIS
    1095 NW 14TH TERRACE
    MIAMI,FL33136     		  PC GENERAL FUND 15,000
    DEPARTMENT FOR PERSONS WITH DISABILITIES
    ONE CATHOLIC CHARITIES WAY PO BOX
    2539
    OAK RIDGE,NJ07438     		  PC GENERAL FUND 10,000
    STAR INC
    182 WOLFPIT AVENUE
    NORWALK,CT06851     		  PC GENERAL FUND 5,000
    TRI-COUNTY SCHOLARSHIP FUND
    FOUR CENTURY DRIVE
    PARSIPPANY,NJ07054     		  PC GENERAL FUND 25,000
    COVENANT HOUSE NEW JERSEY
    330 WASHINGTON STREET
    NEWARK,NJ07102     		  PC GENERAL FUND 10,000
    BLOSSOM HILL FOUNDATION
    PO BOX 143
    NEW CANAAN,CT06840     		  PC GENERAL FUND 5,000
    ADORER MISSIONARY SISTERS OF THE POOR INC
    1701 INDIAN CREEK PARKWAY
    JUPITER,FL33458     		  PC GENERAL FUND 25,000
    ALS FOUNDATION
    PO BOX 37022
    BOONE,IA500370022     		  PC GENERAL FUND 5,000
    AMERICARES
    88 HAMILTON AVENUE
    STAMFORD,CT06902     		  PC GENERAL FUND 25,000
    THE ARC OF THE GLADES
    4250 NW 16TH STREET
    BELLE GLADE,FL33430     		  PC GENERAL FUND 10,000
    ARCHDIOCESE OF NEWARK
    171 CLIFTON AVENUE PO BOX 9500
    NEWARK,NJ071040500     		  PC GENERAL FUND 5,000
    AVIDD COMMUNITY SERVICES
    92 BROADWAY SUITE 101
    DENVILLE,NJ07834     		  PC GENERAL FUND 5,000
    CALDWELL UNIVERSITY
    9 RYERSON AVENUE
    CALDWELL,NJ07006     		  PC GENERAL FUND 3,000
    CARE
    151 ELLIS STREET NE
    ATLANTA,GA30303     		  PC GENERAL FUND 5,000
    CASA
    212 WASHINGTON STREET ROOM 912
    NEWARK,NJ07102     		  PC GENERAL FUND 5,000
    THE CLEVELAND CLINIC
    9500 EUCLID AVENUE/H18
    CLEVELAND,OH44195     		  PC GENERAL FUND 50,000
    CANCER HOPE NETWORK
    2 NORTH ROAD
    CHESTER,NJ07930     		  PC GENERAL FUND 1,000
    COVENANT HOUSE NEW JERSEY
    330 WASHINGTON STREET
    NEWARK,NJ07102     		  PC GENERAL FUND 200,000
    CLINICS CAN HELP
    2560 WESTGATE AVE
    WEST PALM BEACH,FL33409     		  PC GENERAL FUND 5,000
    COLUMBIA UNIVERSITY MEDICAL CENTER
    635 WEST 165TH STREET
    NEW YORK,NY10032     		  PC GENERAL FUND 20,000
    CROHN'S & COLITIS FOUNDAITON OF AMERICA
    733 3RD AVENUE SUITE 510
    NEW YORK,NY10017     		  PC GENERAL FUND 1,000
    THE CENTER FOR FAMILY SERVICES
    4101 PARKER AVENUE
    WEST PALM BEACH,FL33405     		  PC GENERAL FUND 5,000
    ROMAN CATHOLIC DIOCESE OF PATERSON
    777 VALLEY ROAD
    CLIFTON,NJ07013     		  PC GENERAL FUND 100,000
    EL SOL
    106 MILITARY TRAIL
    JUPITER,FL33458     		  PC GENERAL FUND 10,000
    EVA'S VILLAGE INC
    393 MAIN STREET
    PATERSON,NJ07501     		  PC GENERAL FUND 50,000
    FAIR SHARE HOUSING DEVELOPMENT
    ONE ETHEL LAWRENCE BOULEVARD
    MOUNT LAUREL,NJ08054     		  PC GENERAL FUND 25,000
    FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC
    5353 PARKSIDE DRIVE
    JUPITER,FL33458     		  PC GENERAL FUND 50,000
    FOUNDATION OF MORRISTOWN MEDICAL CENTER
    475 SOUTH STREET
    MORRISTOWN,NJ07962     		  PC GENERAL FUND 225,000
    FRANCISCAN CHARITIES INC
    355 SOUTH 6TH STREET
    NEWARK,NJ07103     		  PC GENERAL FUND 15,000
    FORGOTTEN SOLDIERS OUTREACH INC
    3550 23RD AVENUE SOUTH SUITE 7
    LAKE WORTH,FL33461     		  PC GENERAL FUND 5,000
    FUNSEPA US
    1062 SANBORN AVENUE
    LOS ANGELES,CA90029     		  PC GENERAL FUND 20,000
    GREATER NEWARK FRESH AIR FUND
    43 HILL STREET NEWARK DAY CENTER
    NEWARK,NJ07102     		  PC GENERAL FUND 1,000
    HILLSDALE COLLEGE
    33 EAST COLLEGE STREET MOSS HALL
    HILLSDALE,MI49242     		  PC GENERAL FUND 10,000
    HABITAT FOR HUMANITY FOR PALM BEACH CTY
    6758 NORTH MILITARY TRAIL SUITE 301
    WEST PALM BEACH,FL33407     		  PC GENERAL FUND 5,000
    HANDS TOGETHER
    PO BOX 80985
    SPRINGFIELD,MA01138     		  PC GENERAL FUND 5,000
    IMMACULATA UNIVERSITY
    1145 KIND ROAD
    IMMACULATA,PA19345     		  PC GENERAL FUND 530,000
    INTEGRITY HOUSE
    103 LINCOLN PARK
    NEWARK,NJ07101     		  PC GENERAL FUND 25,000
    JUNIOR ACHIEVEMENT OF PALM BEACH
    6903 VISTA PARKWAY NORTH SUITE 10
    WEST PALM BEACH,FL334112728     		  PC GENERAL FUND 5,000
    JUPITER MEDICAL CENTER FOUNDATION
    1210 SOUTH OLD DIXIE HIGHWAY
    JUPITER,FL33458     		  PC GENERAL FUND 1,025,000
    KRAVIS CENTER FOR THE PERFORMING ARTS
    701 OKEECHOBEE BLVD
    WEST PALM BEACH,FL33401     		  PC GENERAL FUND 2,000
    LITTLE SISTERS OF THE POOR
    140 SHEPHERD LANE
    TOTOWA,NJ07512     		  PC GENERAL FUND 20,000
    LIVE GIRL INC
    59 GROVE ST 1D
    NEW CANAAN,CT06840     		  PC GENERAL FUND 10,000
    THE LORDS PLACE
    2808 NORTH AUSTRALIAN AVENUE
    WEST PALM BEACH,FL33407     		  PC GENERAL FUND 50,000
    LEHIGH UNIVERSITY
    27 MEMORIAL DRIVE WEST
    BETHLEHEM,PA18015     		  PC GENERAL FUND 23,500
    MANHATTAN INST POLICY RESEARCH
    52 VANDERBILT AVENUE 3RD FLOOR
    NEW YORK,NY10017     		  PC GENERAL FUND 10,000
    MICHAEL J FOX FOUNDATION FOR PARKINSON'S RESEARCH
    GRAND CENTRAL STATION PO BOX 4777
    NEW YORK,NY10163     		  PC GENERAL FUND 5,000
    MALTZ JUPITER THEATRE INC
    1001 EAST INDIANTOWN ROAD
    JUPITER,FL33477     		  PC GENERAL FUND 5,000
    MY CLINIC INC
    411 W INDIANTOWN RD
    JUPITER,FL33458     		  PC GENERAL FUND 5,000
    NATIONAL ABILITY CENTER
    1000 ABILITY WAY
    PARK CITY,UT84060     		  PC GENERAL FUND 25,000
    NATIONAL DOWNS SYNDROME SOCIETY
    666 BROADWAY
    NEW YORK,NY100122317     		  PC GENERAL FUND 25,000
    NEW COMMUNITY CORPORATION
    233 WEST MARKET STREET
    NEWARK,NJ07103     		  PC GENERAL FUND 5,000
    NATIONAL MEDICAL FELLOWSHIPS
    347 FIFTH AVENUE SUITE 510
    NEW YORK,NY10016     		  PC GENERAL FUND 5,000
    OCEAN MEDICAL CENTER FOUNDATION
    425 JACK MARTIN BLVD
    BRICK,NJ08724     		  PC GENERAL FUND 10,000
    OPERATION SMILE INC
    3641 FACULTY BLVD
    VIRGINIA BEACH,VA23453     		  PC GENERAL FUND 5,000
    OVERLOOK HOSPITAL FOUNDATION
    46-48 BEAUVOIR AVENUE
    SUMMIT,NJ07901     		  PC GENERAL FUND 225,000
    PALM BEACH DRAMA WORKS
    201 CLEMATIS STREET
    WEST PALM BEACH,FL33401     		  PC GENERAL FUND 20,000
    PALM BEACH HARVEST INC
    PO BOX 701
    LAKE WORTH,FL33460     		  PC GENERAL FUND 10,000
    RENEW INTERNATIONAL
    1232 GEORGE STREET
    PLAINFIELD,NJ070621717     		  PC GENERAL FUND 25,000
    SHRINERS CHILDREN'S HOSPITAL
    2900 ROCKY POINT DRIVE
    TAMPA,FL33607     		  PC GENERAL FUND 5,000
    SISTERS OF CHARITY OF ST ELIZABETHS
    PO BOX 476
    CONVENT STATION,NJ07961     		  PC GENERAL FUND 5,000
    SPECIAL OLYMPICS FLORIDA
    1915 DON WICKHAM DRIVE
    CLERMONT,FL34711     		  PC GENERAL FUND 5,000
    ST BRIGID CHURCH
    PO BOX 33
    PEAPACK,NJ07977     		  PC GENERAL FUND 5,000
    ST JUDE'S CHILDREN'S RESEARCH HOSPITAL
    PO BOX 1893
    MEMPHIS,TN381019950     		  PC GENERAL FUND 5,000
    ST VINCENT DE PAUL SOCIETY
    1701 INDIAN CREEK PARKWAY
    JUPITER,FL33458     		  PC GENERAL FUND 5,000
    TEAM WALKER
    373 COMMUNIPAW AVENUE
    JERSEY CITY,NJ07304     		  PC GENERAL FUND 10,000
    UNITED NEGRO COLLEGE FUND
    60 PARK PLACE SUITE 406
    NEWARK,NJ07102     		  PC GENERAL FUND 5,000
    US OLYMPIC COMMITTEE
    1 OLYMPIC PLAZA
    COLORADO SPRINGS,CO80909     		  PC GENERAL FUND 5,000
    UNIVERSITY OF VERMONT FOUNDATION
    411 MAIN STREET
    BURLINGTON,VT05401     		  PC GENERAL FUND 10,000
    UNITED WAY OF PALM BEACH COUNTY
    2600 QUANTUM BLVD
    BOYNTON BEACH,FL33426     		  PC GENERAL FUND 25,000
    COMMUNITY FOUNDATION OF NJ
    35 KNOX HILL ROAD
    MORRISTOWN,NJ07963     		  PC GENERAL FUND 500,000
    CHILDREN'S MIRACLE HOSPITAL NETWORK
    205 WEST 700 SOUTH
    SALT LAKE CITY,UT84101     		  PC GENERAL FUND 5,000
    HOUSTON SPCA
    7007 OLD KATY ROAD
    HOUSTON,TX77024     		  PC GENERAL FUND 5,000
    INTERNATIONAL MYELOMA FOUNDATION
    12650 RIVERSIDE DRIVE NO 206
    NORTH HOLLYWOOD,CA916073466     		  PC GENERAL FUND 5,000
    KALEIDOSCOPE OF HOPE FOUNDATION INC
    PO BOX 1124
    MADISON,NJ07940     		  PC GENERAL FUND 5,000
    THE LEUKEMIA & LYMPHOMA SOCIETY INC
    3 INTERNATIONAL DRIVE
    RYE BROOK,NY10573     		  PC GENERAL FUND 10,000
    SMILE TRAIN
    PO BOX 96231
    WASHINGTON,DC200906231     		  PC GENERAL FUND 5,000
    STEPHEN SILLER TUNNEL TO TOWERS FND
    PO BOX 96231
    WASHINGTON,DC200906231     		  PC GENERAL FUND 5,000
    AMERICAN CANCER SOCIETY
    PO BOX 2306
    HAZLETON,PA18201     		  PC GENERAL FUND 4,000
    DOMESTIC VIOLENCE SERVICE CENTER
    PO BOX 2177
    WILKESBARRE,PA18703     		  PC GENERAL FUND 3,000
    FAITH CENTER FOR THE ARTS
    PO BOX 713
    WHARTON,NJ07885     		  PC GENERAL FUND 2,000
    ROWAN UNIVERSITY FOUNDATION
    201 MULLICA HILL ROAD
    GLASSBORO,NJ08028     		  PC GENERAL FUND 4,000
    NJ ROXBURY PBA LOCAL #311
    1715 ROUTE 46
    LEDGEWOOD,NJ07852     		  PC GENERAL FUND 2,000
    ROXBURY VOLUNTEER FIREMEN'S ASSOC COMPANY NO 1 ROXBURY
    122 MAIN STREET
    SUCCASUNNA,NJ078761347     		  PC GENERAL FUND 2,000
    ROXBURY ART ALLIANCE INC
    9 SUMMIT LANE
    SUCCASUNNA,NJ07876     		  PC GENERAL FUND 3,000
    TAX FOUNDATION
    1325 G STREET NW SUITE 950
    WASHINGTON,DC20005     		  PC GENERAL FUND 10,000
    Total .................................bullet 3a 4,399,908
    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 7,825  
    4 Dividends and interest from securities....     14 239,099  
    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 2,098,258  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aTAX REFUND     		    01 2,486  
    bBOOK/TAX ADJUSTMENT     01 -813  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 2,346,855 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,346,855
    (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
    THE SANDY HILL FOUNDATION
     
    Employer identification number

    22-2668774
    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
    THE SANDY HILL FOUNDATION
          		Employer identification number
    22-2668774
    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
    FRANK E AND MARY D WALSH
    3392 BARROW ISLAND ROAD
     
    JUPITER, FL33477

    		$ 7,077,210


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    FRANK E AND MARY D WALSH
    3392 BARROW ISLAND ROAD
     
    JUPITER, FL33477

    		$ 35,688


    (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
    THE SANDY HILL FOUNDATION
          		Employer identification number

    22-2668774
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 503,000 SH OF FUTURE FUEL $ 7,077,210 2020-06-09
    (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
    THE SANDY HILL FOUNDATION
          		Employer identification number

    22-2668774
    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:
    THE SANDY HILL FOUNDATION
    EIN:
    22-2668774
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ANTHONY M. CICITTA JR. CPA PC 5,720 2,860   2,860

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

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    THE SANDY HILL FOUNDATION
    EIN:
    22-2668774
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    ADJUST FOR K-1 INCOME 2020-01 PURCHASED 2020-12     35,222 COST 0 -35,222  

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE SANDY HILL FOUNDATION
    EIN:
    22-2668774
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALPHABET INC. CL C 87,594 87,594
    ANHEUSER BUSCH 52,658 52,658
    BERKSHIRE HATHAWAY INC. B 165,787 165,787
    BROWN FORMAN CORP CL A 33,429 33,429
    CABLE ONE 6,683 6,683
    CIE FINANCIERE RICHE MONT 70,769 70,769
    CIE FINANCIERE WARRANT 455 455
    COMCAST CORP 32,750 32,750
    HEINEKEN 88,136 88,136
    JP MORGAN 60,358 60,358
    MARTIN MARIETTA MATERIAL 29,817 29,817
    MASTERCARD 160,623 160,623
    NESTLE 136,648 136,648
    PERNOD RICARD 87,282 87,282
    PHILIP MORRIS INTL INC. 81,134 81,134
    UNILEVER INC. 76,054 76,054
    CORONATION GLOBAL EMERGING MARKETS 1,397,398 1,397,398
    BRIDGEWAY ULTRA LARGE 35 INDEX 1,663,477 1,663,477
    DODGE & COX INTERNATIONAL STOCK FUND 1,814,332 1,814,332
    FPA CRESCENT FUND 988,842 988,842
    FUTURE FUEL 3,631,133 3,631,133
    SPDR SSGA GLOBAL 861,638 861,638
    VANGUARD 500 INDEX FUND 1,161,672 1,161,672
    VANGUARD SHORT TERM BOND FUND 3,222,516 3,222,516

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE SANDY HILL FOUNDATION
    EIN:
    22-2668774
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GQG PARTNERS GLOBAL EQ FUND FMV 2,560,531 2,560,531
    LINDSELL TRAIN GLOBAL EQUITY LLC FMV 1,194,838 1,194,838
    MATRIX CAPITAL MGMT FUND (OFFSHORE) FMV 1,293,329 1,293,329
    PARAMETRIC DEFENSIVE EQUITY FUND FMV 3,457,579 3,457,579

    TY 2020 OtherDecreasesSchedule
    Name:
    THE SANDY HILL FOUNDATION
    EIN:
    22-2668774
    Description Amount
    UNREALIZED GAIN/LOSS ON INVESTMENTS 699,352


    TY 2020 OtherExpensesSchedule
    Name:
    THE SANDY HILL FOUNDATION
    EIN:
    22-2668774
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER FEES 310 0   310
    OTHER BUSINESS EXPENSES 125 125   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE SANDY HILL FOUNDATION
    EIN:
    22-2668774
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME   -790  
    TAX REFUND 2,486   2,486
    BOOK/TAX ADJUSTMENT -813   -813


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE SANDY HILL FOUNDATION
    EIN:
    22-2668774
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISOR FEES 15,466 40,985   0


    TY 2020 TaxesSchedule
    Name:
    THE SANDY HILL FOUNDATION
    EIN:
    22-2668774
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEE 30 30   0
    FOREIGN WITHHOLDING TAX 3,134 5,263   0
    FEDERAL EXCISE TAX 40,000 0   0