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
THE BRUCE E AND ROBBI S TOLL FOUNDATION
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)754 SOUTH COUNTY ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PALM BEACH, FL33480
A Employer identification number

23-2667935
B Telephone number (see instructions)

(215) 938-8222
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$40,132,041J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 646,909 665,584  
5a Gross rents............ 33,633 40,655  
b Net rental income or (loss) 33,633
6a Net gain or (loss) from sale of assets not on line 10 532,838
b Gross sales price for all assets on line 6a 10,320,771
7 Capital gain net income (from Part IV, line 2)... 213,488
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 1,990,319 2,126,909  
12 Total. Add lines 1 through 11........ 3,203,699 3,046,636  
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).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 38,076 8,076   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 439,309 399,851   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 477,385 407,927   0
25 Contributions, gifts, grants paid....... 2,330,684 2,330,684
26 Total expenses and disbursements. Add lines 24 and 25 2,808,069 407,927   2,330,684
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 395,630
b Net investment income (if negative, enter -0-) 2,638,709
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............. 476,168 138,041 138,041
2 Savings and temporary cash investments......... 1,642,765 497,234 497,234
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 2,579,058 Click to see attachment1,328,659 1,348,557
b Investments—corporate stock (attach schedule)....... 15,418,165 Click to see attachment17,650,812 23,716,650
c Investments—corporate bonds (attach schedule)....... 2,196,346 Click to see attachment629,493 653,569
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 13,801,950 Click to see attachment12,264,155 14,513,530
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment-1,947,493 Click to see attachment-783,232 Click to see attachment-735,540
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 34,166,959 31,725,162 40,132,041
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) Click to see attachment11,100 Click to see attachment33,500
23 Total liabilities (add lines 17 through 22)......... 11,100 33,500
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........... 34,155,859 31,691,662
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 34,155,859 31,691,662
30 Total liabilities and net assets/fund balances (see instructions). 34,166,959 31,725,162
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
34,155,859
2
Enter amount from Part I, line 27a .....................
2
395,630
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
34,551,489
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,859,827
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
31,691,662
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 CAPITAL GAINS FROM K-1S P 2020-01-01 2020-12-31
b LONG-TERM CAPITAL GAINS FROM K-1S P 2020-01-01 2020-12-31
c SECTION 1231 GAINS/LOSS FROM K-1S P 2020-01-01 2020-12-31
d UNRELATED BUSINESS TAXABLE INCOME FROM K-1S - LONG-TERM CAPITAL GAINS/LOSS P 2020-01-01 2020-12-31
e MERRILL LYNCH X04G26 P 2020-01-01 2020-12-31
MERRILL LYNCH X04G26 P 2020-01-01 2020-12-31
MERRILL LYNCH X04G26 P 2020-01-01 2020-12-31
MERRILL LYNCH X04013 P 2020-01-01 2020-12-31
MERRILL LYNCH X04013 P 2020-01-01 2020-12-31
MERRILL LYNCH X04013 P 2020-01-01 2020-12-31
UNRELATED BUSINESS TAXABLE INCOME FROM K-1S - SHORT-TERM CAPITAL GAINS/LOSS P 2020-01-01 2020-12-31
UNRELATED BUSINESS TAXABLE INCOME FROM K-1S - SECTION 1231 P 2020-01-01 2020-12-31
SALE OF UBS CARLYLE FUND II LLC P 2020-01-01 2020-12-31
MERRILL LYNCH X02180 P 2020-01-01 2020-12-31
MERRILL LYNCH X02180 P 2020-01-01 2020-12-31
MERRILL LYNCH X02180 P 2020-01-01 2020-12-31
MERRILL LYNCH X02180 P 2020-01-01 2020-12-31
CAPITAL GAINS DIVIDENDS P    
(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 42,091     42,091
b 41,707     41,707
c 333,252     333,252
d     19,003 -19,003
e 628,017   775,396 -147,379
4,030,644   3,687,007 343,637
15,332   3,490 11,842
1,298,543   1,272,477 26,066
2,893,112   2,828,920 64,192
12,261   11,508 753
    11,189 -11,189
    289,158 -289,158
3,976     3,976
204,900   326,092 -121,192
324,077   214,740 109,337
467,013   642,239 -175,226
25,430   26,064 -634
416     416
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       42,091
b       41,707
c       333,252
d       -19,003
e       -147,379
      343,637
      11,842
      26,066
      64,192
      753
      -11,189
      -289,158
      3,976
      -121,192
      109,337
      -175,226
      -634
      416
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 2 213,488
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 36,678
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 36,678
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 36,678
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 56,743
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 56,743
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 20,065
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet20,065 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletPA
    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
    Yes
     
    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
     
    No
    Website addressbulletN/A
    14
    The books are in care ofbulletTHE ORGANIZATION Telephone no.bullet (215) 938-8222

    Located atbullet754 SOUTH COUNTY ROADPALM BEACHFL ZIP+4bullet33480
    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
    BRUCE E TOLL PRESIDENT
    1.00     		0 0 0
    754 S COUNTY ROAD
    PALM BEACH,FL33480
    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
    25,845,143
    b
    Average of monthly cash balances.......................
    1b
    1,882,535
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,960,730
    d
    Total (add lines 1a, b, and c).........................
    1d
    32,688,408
    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
    32,688,408
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    490,326
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    32,198,082
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,609,904
    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
    1,609,904
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    36,678
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    36,678
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,573,226
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,573,226
    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
    1,573,226
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,330,684
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,330,684
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,330,684
    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 1,573,226
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019...... 576,556
    fTotal of lines 3a through e........ 576,556
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,330,684
    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..... 1,573,226
    e Remaining amount distributed out of corpus 757,458
    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 1,334,014
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		1,334,014
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019.... 576,556
    e Excess from 2020.... 757,458
    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).)
    BRUCE E TOLL
    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
    ABINGTON MEMORIAL HOSPITAL FOUNDATION
    1200 OLD YORK ROAD
    ABINGTON,PA19001     		NONE PC GENERAL SUPPORT GRANT 100,500
    ALEXIS DE TOCQUEVILLE SOCIETY
    1800 WASHINGTON BLVD
    BALTIMORE,MD21230     		NONE PC GENERAL SUPPORT GRANT 25,000
    ALZHEIMER'S DRUG DISCOVERY FOUNDATION
    57 W 57TH ST SUITE 904
    NEW YORK,NY10019     		NONE PC GENERAL SUPPORT GRANT 1,500
    AMERICAN ENTERPRISE INSTITUTE
    1789 MASSACHUSETTS AVE NW
    WASHINGTON,DC20036     		NONE PC GENERAL SUPPORT GRANT 10,000
    AMERICAN FRIENDS OF THE HEBREW UNIVERSITY(AFHU)
    1 BATTERY PL
    NEW YORK,NY10004     		NONE PC GENERAL SUPPORT GRANT 28,847
    AMERICAN FRIENDS OF THE ISRAEL MUSEUM
    505 5TH AVE
    NEW YORK,NY10110     		NONE PC GENERAL SUPPORT GRANT 110,000
    AMERICAN FRIENDS OF THE ISRAEL PHIL
    122 E 42ND ST NO4507
    NEW YORK,NY10168     		NONE PC GENERAL SUPPORT GRANT 6,000
    AMERICAN HOSPITAL OF PARIS FOUNDATION
    747 THIRD AVE 2ND FL
    NEW YORK,NY10017     		NONE PC GENERAL SUPPORT GRANT 1,000
    BETH SHOLOM CONGREGATION
    8231 OLD YORK RD
    ELKINS PARK,PA19027     		NONE PC GENERAL SUPPORT GRANT 10,575
    BIRTHRIGHT ISRAEL FOUNDATION
    711 3RD AVE
    NEW YORK,NY10017     		NONE PC GENERAL SUPPORT GRANT 10,000
    CENTRAL PARK CONSERVANCY
    14 E 60TH ST
    NEW YORK,NY10022     		NONE PC GENERAL SUPPORT GRANT 500
    CONGREGATION RODEPH SHALOM
    615 NORTH BROAD ST
    PHILADELPHIA,PA19123     		NONE PC GENERAL SUPPORT GRANT 5,660
    CYCLE FOR SURVIVAL
    885 2ND AVE
    NEW YORK,NY10017     		NONE PC GENERAL SUPPORT GRANT 750
    DEVEREAUX
    10 EMERSON PL 2E
    BOSTON,MA02114     		NONE PC GENERAL SUPPORT GRANT 14,000
    GERMANTOWN FRIENDS SCHOOL
    31 W COULTER ST
    PHILADELPHIA,PA19144     		NONE PC GENERAL SUPPORT GRANT 500
    GREATER PHILADELPHIA YMCA
    400 FAYETTE ST SUITE 250
    CONSHOHOCKEN,PA19428     		NONE PC GENERAL SUPPORT GRANT 25,000
    HILLSDALE COLLEGE
    33 E COLLEGE ST
    HILLSDALE,MI49242     		NONE PC GENERAL SUPPORT GRANT 2,000
    HISTORICAL SOCIETY OF PALM BEACH COUNTY
    300 N DIXIE HIGHWAY
    WEST PALM BEACH,FL33401     		NONE PC GENERAL SUPPORT GRANT 500
    ISRAEL TENNIS CENTERS
    57 W 38TH ST STE 605
    NEW YORK,NY10018     		NONE PC GENERAL SUPPORT GRANT 2,500
    JAZZ AT LINCOLN CENTER
    10 COLUMBUS CIR
    NEW YORK,NY10023     		NONE PC GENERAL SUPPORT GRANT 5,150
    JEWISH FEDERATION OF PALM BEACH COUNTY
    4601 COMMUNITY DR
    WEST PALM BEACH,FL33417     		NONE PC GENERAL SUPPORT GRANT 50,000
    JUVENILE DIABETES RESEARCH FOUNDATION
    1415 NJ-70 SUITE 311
    CHERRY HILL,NJ08034     		NONE PC GENERAL SUPPORT GRANT 5,000
    KRAVIS CENTER
    701 OKEECHOBEE BLVD
    WEST PALM BEACH,FL33401     		NONE PC GENERAL SUPPORT GRANT 300,000
    LINCOLN CENTER FOR THE PERFORMING ARTS
    10 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		NONE PC GENERAL SUPPORT GRANT 35,000
    MORSE LIFE FOUNDATION
    4920 LORING DR
    WEST PALM BEACH,FL33417     		NONE PC GENERAL SUPPORT GRANT 700
    MULTIPLE MYELOMA RESEARCH FOUNDATION
    383 MAIN AVE 5TH FL
    NORWALK,CT68510     		NONE PC GENERAL SUPPORT GRANT 3,000
    MUSEUM OF MODERN ART
    11 W 53RD ST
    NEW YORK,NY10019     		NONE PC GENERAL SUPPORT GRANT 5,000
    NANTUCKET BOYS & GIRLS CLUB
    61 SPARKS AVE
    NANTUCKET,MA02554     		NONE PC GENERAL SUPPORT GRANT 7,500
    NATIONAL LIBERTY MUSEUM
    321 CHESTNUT ST
    PHILADELPHIA,PA19106     		NONE PC GENERAL SUPPORT GRANT 3,000
    NATIONAL MUSEUM OF AM JEWISH HISTORY
    101 S INDEPENDENCE MALL E
    PHILADELPHIA,PA19106     		NONE PC GENERAL SUPPORT GRANT 20,250
    NORTON MUSEUM OF ART
    1451 S OLIVE AVE
    WEST PALM BEACH,FL33401     		NONE PC GENERAL SUPPORT GRANT 270,000
    PALM BEACH CIVIC ASSOCIATION
    139 N COUNTY RD 33
    PALM BEACH,FL33480     		NONE PC GENERAL SUPPORT GRANT 250
    PALM BEACH COUNTRY CLUB FOUNDATION
    760 N OCEAN BLVD
    PALM BEACH,FL33480     		NONE PC GENERAL SUPPORT GRANT 1,000
    PHILADELPHIA MUSEUM OF ART
    2600 BENJAMIN FRANKLIN PWY
    PHILADELPHIA,PA19130     		NONE PC GENERAL SUPPORT GRANT 1,100,500
    RIVERDALE COUNTY SCHOOL
    5250 FIELDSTON RD
    BRONX,NY10471     		NONE PC GENERAL SUPPORT GRANT 10,000
    SOUTH FLORIDA PBS
    3401 S CONGRESS AVE
    BOYNTON BEACH,FL33426     		NONE PC GENERAL SUPPORT GRANT 5,000
    SUNRISE DAY CAMP
    15 NEIL COURT
    OCEANSIDE,NY11572     		NONE PC GENERAL SUPPORT GRANT 6,000
    TEMPLE ISRAEL
    300 S 18TH ST
    PHILADELPHIA,PA19103     		NONE PC GENERAL SUPPORT GRANT 250
    THE BARNES FOUNDATION
    2025 BENJAMIN FRANKLIN PKWY
    PHILADELPHIA,PA19130     		NONE PC GENERAL SUPPORT GRANT 50,000
    THE FRICK COLLECTION
    1 E 70TH ST
    NEW YORK,NY10021     		NONE PC GENERAL SUPPORT GRANT 650
    THE HIGHLANDS SCHOOL
    2409 CRESWELL RD
    BEL AIR,MD21015     		NONE PC GENERAL SUPPORT GRANT 900
    THE JEWISH MUSEUM
    101 S INDEPENDENCE MALL E
    PHILADELPHIA,PA19106     		NONE PC GENERAL SUPPORT GRANT 2,500
    THE SOCIETY OF THE FOUR ARTS
    2 4 ARTS PLAZA
    PALM BEACH,FL33480     		NONE PC GENERAL SUPPORT GRANT 10,000
    TOWN OF PALM PEACH UNITED WAY
    44 COCOANUT ROW
    PALM BEACH,FL33480     		NONE PC GENERAL SUPPORT GRANT 15,000
    UNIVERSITY OF PENNSYLVANIA
    3451 WALNUT STREET
    PHILADELPHIA,PA19104     		NONE PC GENERAL SUPPORT GRANT 5,000
    UPPER DUBLIN EDUCATION FOUNDATION
    1580 FORT WASHINGTON AVE
    MAPLE GLEN,PA19002     		NONE PC GENERAL SUPPORT GRANT 25,000
    WHITNEY MUSEUM OF MODERN ART
    99 GANSEVOORT ST
    NEW YORK,NY10014     		NONE PC GENERAL SUPPORT GRANT 252
    BRIGHAM AND WOMEN'S HOSPITAL
    75 CRANCIS ST
    BOSTON,MA02115     		NONE PC GENERAL SUPPORT GRANT 250
    COLEL CHABAD
    806 EASTER PARKWAY
    BROOKLYN,NY11213     		NONE PC GENERAL SUPPORT GRANT 2,000
    DREYFOOS SCHOOL OF THE ARTS FOUNDATION
    PO BOX 552
    WEST PALM BEACH,FL33402     		NONE PC GENERAL SUPPORT GRANT 1,000
    INDEPENDENCE HISTORICAL TRUST
    143 S 3RD ST
    PHILADELPHIA,PA19106     		NONE PC GENERAL SUPPORT GRANT 10,000
    JENKINTOWN LIBRARY
    460 YORK RD 2877
    JENKINTOWN,PA19046     		NONE PC GENERAL SUPPORT GRANT 1,000
    MOVING TRADITIONS
    8380 OLD YORK ROAD SUITE 4300
    ELKINS PARK,PA19027     		NONE PC GENERAL SUPPORT GRANT 2,500
    NANTUCKET COTTAGE HOSPITAL
    57 PROSPECT ST
    NANTUCKET,MA02554     		NONE PC GENERAL SUPPORT GRANT 1,500
    PALM BEACH POLICE FOUNDATION
    139 N COUNTY RD
    PALM BEACH,FL33480     		NONE PC GENERAL SUPPORT GRANT 2,500
    PENN OVARIAN CANCER RESEARCH CENTER
    421 CURIE BLVD
    PHILADELPHIA,PA19104     		NONE PC GENERAL SUPPORT GRANT 100
    PROJECT VERITAS
    1214 BOSTON POST ROAD NO 148
    MAMARONECK,NY10543     		NONE PC GENERAL SUPPORT GRANT 10,000
    RENDELL CENTER FOR CIVICS AND CIVIC ENGAGEMENT
    PO BOX 1033
    BERYWN,PA19312     		NONE PC GENERAL SUPPORT GRANT 500
    RONALD MCDONALD HOUSE
    110 NORTH CARPENTER STREET
    CHICAGO,IL60607     		NONE PC GENERAL SUPPORT GRANT 2,500
    THE PENN FUND
    2929 WALNUT STREET SUITE 300
    PHILADELPHIA,PA19104     		NONE PC GENERAL SUPPORT GRANT 3,000
    THE PENNSYLVANIA SOCIETY
    808 BETHLEHEM PIKE 1
    GLENSIDE,PA19038     		NONE PC GENERAL SUPPORT GRANT 1,500
    USTAMIDWEST TENNIS & EDUCATION FUND
    1310 EAST 96 TH STREET SUITE 100
    INDIANAPOLIS,IN46240     		NONE PC GENERAL SUPPORT GRANT 400
    VAIL HEALTH HOSPITAL
    180 S FRONTAGE RD W
    VAIL,CO81657     		NONE PC GENERAL SUPPORT GRANT 200
    Total .................................bullet 3a 2,330,684
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities.... 900000   14 665,584  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......     16 33,633  
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income..... 900000   01 54,849  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		900000 319,350 18 532,838  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 319,350 1,286,904 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,606,254
    (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

    TY 2020 GeneralExplanationAttachment
    Name:
    THE BRUCE E AND ROBBI S TOLL FOUNDATION
     
    FOUNDATION
    EIN:
    23-2667935
    Identifier Return Reference Explanation
    TRANSFERS FROM CONTROLLED ENTITY FORM 990-PF, PART VII-A, LINE 11A CONTROLLED ENTITY NAME: BARON USA PARTNERS FUND LTDCONTROLLED ENTITY ADDRESS: C/O BARON CAPITAL MANAGEMENT767 FIFTH AVE,49TH FLNEW YORK, NY 10153TRANSFER AMOUNT: 10,000TRANSFER EXPLANATION: TRANSFER RECEIVED IN CONNECTION WITH SHAREREDEMPTIONTRANSFER AMOUNT: 750,000TRANSFER EXPLANATION: TRANSFER IN CONNECTION WITH ORGANIZATIONSADDITIONAL INVESTMENT IN ENTITY

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE BRUCE E AND ROBBI S TOLL FOUNDATION
     
    FOUNDATION
    EIN:
    23-2667935
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MERRILL LYNCH ACCT. #849-04013 629,493 653,569

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE BRUCE E AND ROBBI S TOLL FOUNDATION
     
    FOUNDATION
    EIN:
    23-2667935
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BARON USA PARTNERS LTD 2,550,000 2,550,000
    INVESTMENT IN AMCP AIV 819,028 1,454,097
    MERRILL LYNCH ACCT. #04G26 7,789,984 11,373,727
    MERRILL LYNCH ACCT. #849-02180 6,491,800 8,338,826

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    THE BRUCE E AND ROBBI S TOLL FOUNDATION
     
    FOUNDATION
    EIN:
    23-2667935
    US Government Securities - End of Year Book Value:

    1,328,659
    US Government Securities - End of Year Fair Market Value:

    1,348,557
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE BRUCE E AND ROBBI S TOLL FOUNDATION
     
    FOUNDATION
    EIN:
    23-2667935
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    A&M CAPITAL OPPORTUNITIES FUND, LP AT COST 173,256 173,256
    A&M CAPITAL PARTNERS LP AT COST 19,240 19,240
    AMCO CLASSIC AIV LP AT COST 189,280 188,862
    AMCO OPTICS AIV LP AT COST 480,172 478,229
    AMCO PLASTICS AIV, LP AT COST 42,598 38,267
    AMCO SFD AIV LP AT COST 138,253 138,116
    BEACON CAPITAL STRATEGIC PARTNERS 8 LP AT COST 379,916 379,916
    BLACKSTONE REAL ESTATE PARTNERS AT COST 247,684 212,291
    BROOK VENTURE FUND II, L.P. AT COST 583 0
    MERRILL LYNCH ACCT. #04G26 - FUNDS AT COST 6,514,459 8,753,197
    MONARCH CAPITAL PARTNERS III LP AT COST 1,796,061 1,832,397
    NB REAL ESTATE SECONDARY OPPORTUNITIES FUND LP AT COST 532,659 530,273
    RC GLOBAL ENERGY AND POWER AT COST 270,055 266,260
    RIVER OAK REALTY FUND IV, LLC AT COST 108,858 99,990
    SILAS CAPITAL XVI LLC AT COST 462,189 482,626
    SILVERPEAK LEGACY FUND II LP F AT COST 4,339 1,737
    SILVERPEAK LEGACY FUND LP FKA AT COST 15,877 2,942
    SILVERPEAK LEGACY PENSION PARTNERS III LP AT COST 559,614 596,943
    TRILANTIC CAPITAL PARTNERS VI FUND LP AT COST 329,062 318,988

    TY 2020 OtherAssetsSchedule
    Name:
    THE BRUCE E AND ROBBI S TOLL FOUNDATION
     
    FOUNDATION
    EIN:
    23-2667935
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    K-1 DISRIB / DIVIDENDS RECEIVABLE -1,907,352 -467,355 -467,355
    FSMP II TRUST -40,141 -40,141 -40,141
    TCP VI SOLAR AIV LP 0 -209 -209
    AMCO CAR WASH AIV LP 0 -9,839 -9,841
    AMCO CRASH AIV LP 0 -248,116 -248,297
    AMCO IHB AIV, LP 0 -17,572 30,303


    TY 2020 OtherDecreasesSchedule
    Name:
    THE BRUCE E AND ROBBI S TOLL FOUNDATION
     
    FOUNDATION
    EIN:
    23-2667935
    Description Amount
    K-1 BOOK TO TAX DIFFERENCES / UNREALIZED GAIN (LOSSES) 2,859,827


    TY 2020 OtherExpensesSchedule
    Name:
    THE BRUCE E AND ROBBI S TOLL FOUNDATION
     
    FOUNDATION
    EIN:
    23-2667935
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK SERVICE FEES 470 470   0
    SUPPLIES 138 138   0
    MANAGEMENT/INVESTMENT FEES FROM BROKERAGE 183,918 183,918   0
    DEDUCTIONS FROM K-1S 254,783 215,325   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE BRUCE E AND ROBBI S TOLL FOUNDATION
     
    FOUNDATION
    EIN:
    23-2667935
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ORDINARY INCOME FROM K-1S 19,070 19,070 19,070
    OTHER INCOME FROM K-1S 35,768 35,768 35,768
    ROYALTY INCOME FROM K-1S 11 11 11
    UNRELATED BUSINESS TAXABLE INCOME FROM K-1S - ORDINARY INCOME -152,739 0 -152,739
    UNRELATED BUSINESS TAXABLE INCOME FROM K-1S - OTHER INCOME 16,149 0 16,149
    UNRELATED BUSINESS TAXABLE INCOME FROM K-1S - ROYALTY INCOME 0 0 0
    SUBPART F INCOME FROM BARON USA PTRS 2,072,060 2,072,060 2,072,060


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE BRUCE E AND ROBBI S TOLL FOUNDATION
     
    FOUNDATION
    EIN:
    23-2667935
    Description Beginning of Year - Book Value End of Year - Book Value
    CREDIT CARD PAYABLE 11,100 33,500


    TY 2020 TaxesSchedule
    Name:
    THE BRUCE E AND ROBBI S TOLL FOUNDATION
     
    FOUNDATION
    EIN:
    23-2667935
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES FROM BROKERAGE 6,215 6,215   0
    FOREIGN TAXES FROM K-1S 1,861 1,861   0
    FEDERAL TAXES 30,000 0   0