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 08-01-2020 , and ending 07-31-2021
Name of foundation
The Kaplen Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 792
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Tenafly, NJ07670
A Employer identification number

22-6048152
B Telephone number (see instructions)

(201) 227-0722
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$93,381,047J 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 820,738 820,738 820,738
4 Dividends and interest from securities... 704,664 704,664 704,664
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 6,172,340
b Gross sales price for all assets on line 6a 19,367,327
7 Capital gain net income (from Part IV, line 2)... 6,172,340
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).......      
12 Total. Add lines 1 through 11........ 7,697,742 7,697,742 1,525,402
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 159,350 15,935   143,415
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 48,000     48,000
c Other professional fees (attach schedule).... Click to see attachment 246,513 246,513    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 83,918 1,266   82,652
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 97,084     97,084
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 634,865 263,714   371,151
25 Contributions, gifts, grants paid....... 7,182,047 7,182,047
26 Total expenses and disbursements. Add lines 24 and 25 7,816,912 263,714   7,553,198
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -119,170
b Net investment income (if negative, enter -0-) 7,434,028
c Adjusted net income (if negative, enter -0-)... 1,525,402
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............. 765,406 781,309 781,309
2 Savings and temporary cash investments......... 1,739,031 1,060,411 1,060,411
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) 6,383,447 Click to see attachment6,534,282 6,989,107
b Investments—corporate stock (attach schedule)....... 29,232,137 Click to see attachment30,619,394 52,313,780
c Investments—corporate bonds (attach schedule)....... 30,983,752 Click to see attachment30,817,694 32,234,440
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment2,000 Click to see attachment2,000 Click to see attachment2,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 69,105,773 69,815,090 93,381,047
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 69,105,773 69,815,090
29 Total net assets or fund balances (see instructions)..... 69,105,773 69,815,090
30 Total liabilities and net assets/fund balances (see instructions). 69,105,773 69,815,090
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
69,105,773
2
Enter amount from Part I, line 27a .....................
2
-119,170
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
828,487
4
Add lines 1, 2, and 3 ..........................
4
69,815,090
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
69,815,090
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 Passed Through Janus K-1 P 2019-07-31 2021-07-31
b August 2020 - Weatherbie P 2019-07-31 2020-08-31
c September 2020 - Weatherbie P 2019-07-31 2020-09-30
d October 2020 - Weatherbie P 2019-07-31 2020-10-31
e November 2020 - Weatherbie P 2019-07-31 2020-11-30
December 2020 - Weatherbie P 2019-07-31 2020-12-31
January 2021 - Weatherbie P 2019-07-31 2021-01-31
February 2021 - Weatherbie P 2019-07-31 2021-02-28
March 2021 - Weatherbie P 2019-07-31 2021-03-31
April 2021 - Weatherbie P 2019-07-31 2021-04-30
May 2021 - Weatherbie P 2019-07-31 2021-05-31
June 2021 - Weatherbie P 2019-07-31 2021-06-30
July 2021 - Weatherbie P 2019-07-31 2021-07-31
355K Verizon Bond P 2019-07-31 2021-05-28
200K Security Federal P 2020-02-14 2020-08-26
250K Allegiance Bank P 2019-03-25 2020-09-14
250K Congressional Bank P 2019-09-10 2020-09-18
250K Intl Paper P 2019-07-29 2020-09-16
250K Celtic Bank P 2014-10-29 2020-11-06
250K Landmark Bank P 2014-10-28 2020-11-06
250K Hiawatha Bank P 2020-02-14 2020-12-21
365K NYS Bond P 2012-01-09 2021-02-16
250K Bank America P 2019-08-07 2021-02-09
250K Southern Bank P 2020-02-14 2021-02-22
1M Coca Cola P 2017-10-30 2021-04-30
250K Citi Bank P 2014-06-19 2021-06-25
250K Goldman Sachs P 2014-06-19 2021-06-25
5611.357 Vanguard Inst Index P 2019-07-31 2021-04-07
(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 264,380     264,380
b 688,435   484,654 203,781
c 447,978   182,271 265,707
d 279,347   286,566 -7,219
e 565,535   380,177 185,358
1,274,446   556,008 718,438
925,590   578,569 347,021
489,986   262,812 227,174
726,671   422,046 304,625
4,874,483   3,841,276 1,033,207
697,659   449,776 247,883
645,201   418,956 226,245
459,639   305,781 153,858
366,246   355,395 10,851
200,000   200,000  
250,000   249,630 370
250,000   250,000  
278,832   251,345 27,487
250,000   250,000  
250,000   250,000  
250,000   250,000  
365,000   365,000  
250,000   250,000  
250,000   250,000  
1,085,464   1,013,184 72,280
250,000   250,000  
250,000   250,000  
2,000,000   591,541 1,408,459
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       264,380
b       203,781
c       265,707
d       -7,219
e       185,358
      718,438
      347,021
      227,174
      304,625
      1,033,207
      247,883
      226,245
      153,858
      10,851
       
      370
       
      27,487
       
       
       
       
       
       
      72,280
       
       
      1,408,459
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 6,172,340
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................................ 1 103,333
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 103,333
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 103,333
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 132,115
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 132115 7 132,115
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 28,782
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet28,782 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    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)
    bulletNJ
    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 ofbullet   Telephone no.bullet (201) 227-0722

    Located atbulletPO Box 792TenaflyNJ ZIP+4bullet07670
    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
    Margaret Kaplen Trustee / President
    040.00     		58,300    
    PO Box 792
    Tenafly,NJ07670
    Nancy Sutherland Trustee / Secretary
    040.00     		97,050    
    PO Box 792
    Tenafly,NJ07670
    Peter G Tate Trustee / Vice President
    001.00     		2,000    
    PO Box 792
    Tenafly,NJ07670
    James Tate Trustee / Vice President
    001.00     		2,000    
    PO Box 792
    Tenafly,NJ07670
    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
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Tweedy Browne LLC Investment Advisors 38,614
    350 Park Avenue 9th Floor
    New York,NY10021
    Janus Capital Management Investment Advisors 45,270
    100 Fillmore Street
    Denver,CO80206
    MA Weatherbie Co Investment Advisors 152,797
    265 Franklin Street
    Boston,MA02110
    PNC Bank Investment Advisors 9,833
    2 Tower Center Boulevard
    East Brunswick,NJ08816
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 N/A 0
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    88,971,506
    b
    Average of monthly cash balances.......................
    1b
    3,325,104
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    92,296,610
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    92,296,610
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    1,384,449
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    90,912,161
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,545,608
    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
    4,545,608
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    103,333
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    103,333
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,442,275
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    4,442,275
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    4,442,275
    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 Click to see attachment..........
    1a
    7,553,198
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    7,553,198
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    7,553,198
    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 4,442,275
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016...... 2,257,975
    c From 2017...... 1,182,697
    d From 2018...... 253,157
    e From 2019...... 2,087,060
    fTotal of lines 3a through e........ 5,780,889
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 7,553,198
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 4,442,275
    e Remaining amount distributed out of corpus 3,110,923
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 8,891,812
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		8,891,812
    10 Analysis of line 9:
    a Excess from 2016.... 2,257,975
    b Excess from 2017.... 1,182,697
    c Excess from 2018.... 253,157
    d Excess from 2019.... 2,087,060
    e Excess from 2020.... 3,110,923
    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).)
    None
    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.
    None
    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
    Alpine Learning Group
    777 Paramus Rd
    Paramus,NJ07652     		None PC General Support 10,000
    American Foundation For Bulgaria Inc
    PO Box 231160
    New York,NY10023     		None PC General Support 500
    Bergen Family Services- HIPPY
    44 Armory St
    Englewood,NJ07631     		None PC General Support 110,000
    Bergen Performing Arts Center Inc
    30 North Van Brunt St
    Englewood,NJ07631     		None PC General Support 235,000
    The City College Fund
    160 Covent Ave
    New York,NY10031     		None PC General Support 1,000
    Univ of the Cumberlands Cumberland College
    6191 Clooege Station Dr
    Williamsburg,KY40769     		None PC General Support 1,000
    Dominican College of Blauvelt
    10 Western Highway
    Orangeburg,NY10962     		None PC General Support 100,000
    The Education Center Temple Beth Israel
    567 Bay Isles Rd
    Longboat Key,FL34228     		None PC General Support 500
    The Hadley School for the Blind
    700 Elm St
    Winnetka,IL60093     		None PC General Support 1,000
    The Jewish Braille Institute Intl
    110 East 30th St
    New York,NY10016     		None PC General Support 1,000
    The Joyce Theater Foundation Inc
    175 Eighth Ave
    New York,NY10011     		None PC General Support 1,000
    Jumpstart
    308 Congress Street 6th Flr
    Boston,MA02210     		None PC General Support 1,000
    Longboat Key Education Center
    5370 Gulf of Mexico Dr Ste 212
    Longboat Key,FL34228     		None PC General Support 500
    OutwardBound USA
    1133 Rt 55 Suite 10
    LaGrangeville,NY12540     		None PC General Support 6,000
    Parsons Dance Foundation
    229W 42nd St 8th flr
    New York,NY10036     		None PC General Support 10,000
    Project Literacy of Greater Bergen County
    355 Main Street
    Hackensack,NJ07601     		None PC General Support 1,000
    The Public Theater
    425 Lafayette St
    New York,NY10003     		None PC General Support 3,000
    The John & Mable Ringling Museum of Art
    5401 Bay Shore Road
    Sarasota,FL34243     		None PC General Support 125
    Roundabout Theatre Co
    231 W 39th St Ste 1200
    New York,NY10018     		None PC General Support 50,000
    Sarasota Art Museum of Ringling College
    1001 South Tamiami Trail
    Sarasota,FL34236     		None PC General Support 250
    Southern Poverty Law Center
    400 Washington Ave PO Box 548
    Montgomery,AL36101     		None PC General Support 10,000
    Tenafly Educational Foundation
    PO Box 384
    Tenafly,NJ07670     		None PC General Support 1,000
    US Holocaust Memorial Museum
    100 Raoul Wallenberg Pl SW
    Washington,DC20024     		None PC General Support 1,000
    West Side Infant and Teen Parent Program
    192 Demarest Ave
    Englewood,NJ07631     		None PC General Support 20,000
    William Paterson Univ Foundation
    Pompton Rd
    Wayne,NJ07470     		None PC General Support 1,000
    Yiddish Book Center
    1021 West Street
    Amherst,MA01002     		None PC General Support 1,000
    Adler Aphasia Center
    60 West Hunter Ave
    Maywood,NJ07607     		None PC General Support 77,000
    Alzheimer's New Jersey Inc
    425 Eagle Rock Ave Suite 203
    Roseland,NJ07068     		None PC General Support 1,000
    American Cancer Society
    1851 Old Cuthbert Rd
    Cherry Hill,NJ08034     		None PC General Support 1,000
    American Heart Association
    1 Union St 301
    Robbinsville,NJ08691     		None PC General Support 1,000
    American Lung Society
    PO Box 7000
    Albert Lea,MN56007     		None PC General Support 150
    The Arnold P Gold Foundation Inc
    260 Lincoln Street
    Englewood,NJ07631     		None PC General Support 50,000
    Bergen Volunteer Medical Initiative Inc
    75 Essex St Suite 100
    Hackensack,NJ07601     		None PC General Support 15,000
    Brain and Behavior Research Foundation
    60 Cutter Mill Rd Ste 404
    Great Neck,NY11021     		None PC General Support 30,000
    Children's Aid and Family Services
    200 Robin Road
    Paramus,NJ07652     		None PC General Support 1,000
    CTC Academy
    29-01 Berkshire Rd
    Fairlawn,NJ07410     		None PC General Support 1,000
    Crohn's & Colitis Fdn of America Inc
    444 Park Ave South 2nd flr
    New York,NY10016     		None PC General Support 1,000
    Deborah Hospital Foundation
    20 Pine Mill Road
    Browns Mills,NJ08015     		None PC General Support 5,000
    Doctors Without Borders USA
    PO Box 5023
    Hagerstown,MD21741     		None PC General Support 50
    Englewood Health Foundation
    350 Engle Street
    Englewood,NJ07631     		None PC General Support 2,070,000
    Food and Allergy Research and Education
    515 Madison Ave Ste 1912
    New York,NY10022     		None PC General Support 1,000
    Healing the Children North East Inc
    PO Box 129
    New Milford,CT06776     		None PC General Support 1,000
    Muscular Dystrophy Association
    c/o Tenafly Letter Carriers PO Box
    Springfield,NJ07081     		None PC General Support 100
    Pediatric Brain Tumor Fdn of the United States
    302 Ridgefield Ct
    Asheville,NC28806     		None PC General Support 1,000
    Planned Parenthold of Northern Central & Southern NJ
    196 Speedwell Ave 2nd flr
    Morristown,NJ07960     		None PC General Support 10,000
    Sock Out Cancer LLC
    c/o Bruce Boyeu- Security Mutual Li
    Binghamton,NY13902     		None PC General Support 2,500
    Vitalant
    102 Chestnut Ridge Road
    Montvale,NJ07645     		None PC General Support 1,000
    West Bergen Mental Healthcare
    120 Chestnut St
    Ridgewood,NJ07450     		None PC General Support 1,000
    American Jewish Committee
    165 E 56th Street
    New York,NY10022     		None PC General Support 300,000
    Anti-Defamation League
    605 3rd Avenue
    New York,NY10158     		None PC General Support 250,000
    B'NAI B'RITH Foundation of the United States
    PO Box 170305
    Milwaukee,WI53217     		None PC General Support 250
    Boys Town Jerusalem
    12 W 31st St Ste 300
    New York,NY10001     		None PC General Support 10,000
    Chatham Synagogue
    Box 51 1536 Rt 28
    Chatham,NY12037     		None PC General Support 5,000
    Daughters of Miriam Center for the Aged
    PO Box 2698 155 Hazel St
    Clifton,NJ07015     		None PC General Support 1,000
    Friends of Yad Lakashish- Lifeline for the Old
    PO Box 494
    Englewood,NJ07631     		None PC General Support 1,000
    J-ADD
    190 Moore St Ste 410
    Hackensack,NJ07601     		None PC General Support 1,000
    Kaplen JCC on the Palisades
    411 E Clinton Ave
    Tenafly,NJ07670     		None PC General Support 2,441,380
    Jewish Family & Children's Services of Northern NJ
    1485 Teaneck Rd
    Teaneck,NJ07666     		None PC General Support 10,000
    Jewish Federation of Northern New Jersey
    50 Eisenhower Dr
    Paramus,NJ07652     		None PC General Support 680,000
    The Jewish Historical Society of Northern Jersey
    680 Broadway Ste 2
    Paterson,NJ07514     		None PC General Support 500
    Jewish Home Foundation
    10 Link Drive
    Rockleight,NJ07647     		None PC General Support 301,650
    NCJW BCS
    c/o Tobey Weiss 595 Albin Street
    Teaneck,NJ07666     		None PC General Support 2,660
    ORT America
    1530 Palisades Avenue
    Fort Lee,NJ07024     		None PC General Support 50
    Sephardic Congregation of New England
    PO Box 10801
    Brookline,MA02446     		None PC General Support 50,000
    Temple Beth Israel
    567 Bay Isles Road
    Lonboat Key,FL34228     		None PC General Support 6,100
    Temple Sinai of Bergen County
    1 Engle Street
    Tenafly,NJ07670     		None PC General Support 21,018
    American Society for the Protection of Nature in Israel
    28 Arrandale Ave
    Great Neck,NY11024     		None PC General Support 5,000
    Bergen Volunteer Center
    64 Passaic Street
    Hackensack,NJ07601     		None PC General Support 49,000
    Catching the Dream
    8200 Mountain Rd NE Ste 103
    Albuquerque,NM87110     		None PC General Support 1,000
    Center for Food Action
    192 W Demarest Ave
    Englewood,NJ07631     		None PC General Support 40,000
    Center for Hope and Safety
    12 Overlook Ave Ste A
    Rochelle Park,NJ07662     		None PC General Support 1,000
    Community Foodbank of NJ
    31 Evans Terminal
    Hillside,NJ07205     		None PC General Support 100
    The Defining Moment Foundation
    126 Chestnut St
    Englewood,NJ07631     		None PC General Support 10,500
    Exponent Philanthropy
    1720 N Street NW
    Washington,DC20036     		None PC General Support 1,530
    Family Promise of Bergen County
    479 Maitland Ave
    Teaneck,NJ07666     		None PC General Support 8,000
    Flat Rock Brook Nature Association
    443 Van Nostrand Avenue
    Englewood,NJ07631     		None PC General Support 1,100
    Forgotten Felines
    PO Box 734 5 Carter Hill Rd
    Clinton,CT06413     		None PC General Support 1,000
    Fresh Air Fund
    633 3rd Ave 14th Flr
    New York,NY10164     		None PC General Support 1,000
    North Jersey Friendship House
    125 Atlantic Ave
    Hackensack,NJ07601     		None PC General Support 30,000
    Galapagos Conservancy
    11150 Fairfax Blvd Ste 408
    Fairfax,VA22030     		None PC General Support 1,000
    HIP
    131 Main St Ste 120
    Hackensack,NJ07601     		None PC General Support 1,000
    MADD
    511 E John Carpenter Freeway Ste 70
    Irving,TX75062     		None PC General Support 1,000
    New Jersey Pandemic Relief Fund Community Fdn of NJ
    PO Box 338
    Morristown,NJ07963     		None PC General Support 50,000
    One Safe Place
    PO Box 991060
    Redding,CA96099     		None PC General Support 10,000
    Philanthropy Roundtable
    1730 M St NW Ste 601
    Washington,DC20077     		None PC General Support 1,000
    Pinelands Preservation Alliance
    Bishop Farmstead 17 Pemberton Rd
    Southampton,NJ08088     		None PC General Support 100
    Plan International USA
    155 Plan Way
    Warwick,RI02886     		None PC General Support 384
    Prisoner Visitation & Support
    1501 Cherry St
    Philadelphia,PA19102     		None PC General Support 800
    Selby Gardens
    1534 Mound St
    Sarasota,FL34236     		None PC General Support 150
    Southeast Senior Center for Independent Living
    228 Grand Avenue
    Englewood,NJ07631     		None PC General Support 15,000
    Special Olympics
    PO Box 3589
    Princeton,NJ08543     		None PC General Support 1,000
    Spectrum for Living Developments Inc
    210 Rivervale Rd Ste 3
    River Vale,NJ07675     		None PC General Support 1,000
    Tenafly Fire Association
    100 Riveredge Rd
    Tenafly,NJ07670     		None PC General Support 1,100
    Tenafly Lions Club
    c/o John Preolo 355-365 Tenafly Roa
    Tenafly,NJ07670     		None PC General Support 1,000
    Tenafly Library Friends
    100 Riveredge Rd
    Tenafly,NJ07670     		None PC General Support 1,000
    Tenafly Nature Center
    313 Hudson Ave
    Tenafly,NJ07670     		None PC General Support 1,000
    Tenafly Volunteer Ambulance Assocaition
    PO Box 355
    Tenafly,NJ07670     		None PC General Support 2,000
    Thirteen- WNET
    Worldwide Plaza 825 8th Ave
    New York,NY10019     		None PC General Support 25,000
    Total .................................bullet 3a 7,182,047
    bApproved for future payment
    Total .................................bullet 3b  
    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 ...........     		    14 820,738  
    4 Dividends and interest from securities....     14 704,664  
    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 6,172,340  
    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)..   7,697,742  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    7,697,742
    (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: 20011406
    Software Version: 20.0.2.0
    Part VI Line 7 - Tax Paid with the Original Return: 132,115


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    The Kaplen Foundation
    EIN:
    22-6048152
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Fred W. Camin III 48,000     48,000

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    The Kaplen Foundation
    EIN:
    22-6048152
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Coca Cola 357,473 373,925
    Bank of America 360,000 360,180
    Capital One Financial Corp 175,567 173,775
    Att Inc 360,190 369,273
    Merck Co Inc 337,132 343,494
    Capital One Natl Assn Mclean 250,000 257,973
    Capital One BK USA Natl Assn 222,000 229,080
    JPMorgan Chase Co 352,417 355,240
    Wal Mart Stores Inc 373,687 388,042
    Att Inc 331,962 354,680
    Goldman Sachs 175,847 173,924
    Apple Inc 356,141 376,186
    Wells Fargo Co New 368,531 401,899
    ConocoPhillips Co 360,583 393,970
    Exxon Mobil Corp 359,781 397,835
    Johnson Johnson 358,244 395,151
    General Electric Company 256,875 244,688
    Citigroup 611,000 615,760
    PNC Ultra Short Bond 3,000,000 3,042,321
    PNC Total Return Advantage Fund 4,500,000 4,810,058
    Sallie Mae Bank 250,000 249,254
    State Bank of India 250,000 247,253
    General Motors 256,810 264,238
    Coach Inc 207,588 217,754
    GS Finance Corp 500,000 505,781
    Ally Bank 250,000 254,930
    BMW Bank North America 250,000 257,945
    U S Treasury Note 248,999 256,270
    Chevron Corp New 359,450 373,497
    Stearns Bank NA 250,000 256,940
    GS Finance Corp 365,000 367,034
    BS AG London 250,000 251,625
    GS Finance Corp 500,000 473,139
    Comenity Capital Bank 250,000 268,115
    Live Oak Banking Co 250,000 262,405
    First Internet Bank 250,000 262,160
    Marriott Intl Inc 115,602 122,675
    Qualcomm Inc 245,955 265,755
    Parkside Finl BT 223,000 234,750
    JPMorgan Chase Co 250,883 272,133
    American Express Co 502,444 535,625
    Vanguard Short Term 394,695 414,350
    First Bk of Highland Pk 250,000 266,572
    Johnson Johnson 250,987 266,413
    Apple Inc 998,705 1,059,680
    Merck Co Inc 1,006,743 1,068,150
    Microsoft Corp 1,508,906 1,609,095
    Exxon Mobil Corp 1,009,488 1,065,590
    Genl Motors Co 247,805 274,372
    Genl Mills Inc 251,531 277,075
    Commercial Bank 250,000 277,245
    Boeing Co 242,780 257,702
    Att Inc 249,805 281,238
    Citibank NA 250,000 275,358
    First National Bank of America 250,000 244,858
    CVS Hlth Corp 250,179 270,033
    New York Community Bank 250,000 248,042
    Wells Fargo Bank NA 251,198 250,432
    Ford Motor Credit 250,000 249,490
    Barclays Bank 250,000 247,315
    Morgan Stanley Bank 250,000 260,793
    Ally Financial 500,000 497,705
    Synchrony Bank 124,880 139,606
    Marriott Intl 627,529 678,125
    Boeing Co 238,575 260,835
    Texas Exchange Bank 250,000 250,025
    Goldman Sachs 520,914 545,905
    Brighthouse Financial 399,813 441,704

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Kaplen Foundation
    EIN:
    22-6048152
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    45 shares of Autozone Inc 24,114 73,061
    440 shares of Alibaba Group 103,854 85,884
    975 shares of Diageo PLC 27,976 193,255
    2555 shares of Heineken NV 40,851 148,599
    2091 shares of Nestle S.A. 38,186 264,846
    2402 shares of Unilever NV New York Shares New 46,304 138,187
    1080 shares of American Express Co 31,751 184,172
    1569 shares of Bank New York Mellon Corp 29,691 80,537
    1 shares of Berkshire Hathaway Inc Del 76,955 418,900
    4379 shares of Wells Fargo 121,408 201,171
    1380 shares of Johnson Johnson 84,762 237,636
    1482 shares of Novartis AG 47,765 136,922
    6275 shares of CNH Industrial NV 62,541 105,671
    391 shares of 3M Company 17,895 77,395
    1200 shares of Cisco System Inc 22,540 66,444
    425 shares of Autoliv Inc 20,063 42,874
    72 shares of Alphabet Inc 20,486 194,718
    66354 shares of Vanguard Dividend Growth Fund 1,080,445 2,626,450
    6983 shares of Vanguard Index TR 722,088 2,835,613
    13333 shares of Vanguard FD Total Intl 361,044 463,863
    1983 shares of Canada Goose Holdings 68,303 84,139
    7391 shares of Ollie s Bargain Outlet Holdings 426,080 688,102
    4812 shares of Petiq Inc 106,271 170,151
    2566 shares of Planet Fitness Inc 33,350 193,040
    2445 shares of Glaukos Corp 129,376 124,695
    4487 shares of Nevro Corp 220,984 695,485
    3975 shares of Axos Financial Inc 115,297 190,204
    3928 shares of Hamilton Lane Inc 206,379 365,304
    2695 shares of Signature Bk New York N Y 243,932 611,684
    9968 shares of Acadia Pharma Inc 315,766 215,608
    3092 shares of Aerie Pharma Inc 43,962 48,792
    9292 shares of Puma Biotechnology Inc 97,266 69,876
    739 shares of Ultragenyx Pharma Inc 34,079 58,994
    176 shares of Altair Engineering Omc 5,179 12,278
    4463 shares of Casella Waste Sys Inc 139,141 306,965
    2394 shares of Kratos Defense 24,416 65,117
    3484 shares of Paylocity Holdings Corp 80,029 722,791
    1691 shares of Globant SA 52,099 404,420
    9944 shares of Chegg Inc 175,428 881,337
    1176 shares of Ebix Inc 39,133 35,539
    1673 shares of Everbridge Inc 22,992 236,261
    3852 shares of ImpInj Inc 98,468 177,192
    287 shares of Novanta Inc 16,060 40,298
    995 shares of Rapid7 Inc 50,122 113,181
    900 shares of SPS Commerce Inc 22,379 98,055
    Janus Hemderson International Research 4,793,918 4,793,918
    71703 shares of TB Global Value Fund 1,412,168 2,209,873
    222301 shares of TB Global Value Fund 6,018,358 6,851,324
    150105 shares of Tweedy Browne Value Fund 3,116,460 3,222,754
    26933 shares of Vanguard Institutional Index Find 3,840,722 10,349,879
    3000 shares of ConocoPhillips 184,549 168,180
    3000 shares of Intel Corp 75,180 161,160
    3000 shares of JPMorgan Chase Co 161,126 455,340
    3770 shares of Mondelez International Inc 111,479 238,490
    3657 shares of Newell Brands Inc 125,344 90,511
    2500 shares of Phillips 66 160,884 183,575
    1500 shares of Qualcomm Inc 90,161 224,700
    600 shares of 3M Company 67,100 118,764
    960 shares of Coca Cola 36,964 54,307
    525 shares of Applied Indl 22,867 47,093
    170 shares of Carlisle Companies 20,533 34,381
    1470 shares of Fox Corp 52,734 48,863
    585 shares of Wingstop Inc 57,237 100,216
    12205 shares of Core Labs 304,197 407,159
    1118 shares of Goosehead Insurance 47,570 134,372
    655 shares of Lendingtree Inc 149,050 127,869
    629 shares of Inspire Medical Systems 103,626 115,208
    7567 shares of Natera Inc 440,669 866,573
    4399 shares of Neogenomics Inc 120,320 202,794
    12928 shares of Progyny Inc 298,880 719,960
    4170 shares of Tabula Rasa Healthcare 192,634 179,143
    2065 shares of Liveperson Inc 108,605 131,520
    7311 shares of Vertex Inc 179,014 138,178
    845 shares of Bank of America 19,640 32,412
    555 shares of Truist Financial Corp 19,650 30,209
    415 shares of Intel Corp 20,714 22,294
    6862 shares of Latham Group 197,048 186,650
    11406 shares of MYT Netherlands 355,558 328,949
    10467 shares of Stepstone Group 292,406 476,353
    6805 shares of Upstart Holdings Inc 364,891 821,772
    9303 shares of Apria Inc 268,465 293,324
    3727 shares of Eargo Inc 171,323 134,172
    2025 shares of Ameresco Inc 102,591 138,773
    7187 shares of Montrose Environmental 301,095 385,870
    2489 shares of Siteone Landscape 147,525 435,027
    5904 shares of BTRS Holdings 84,059 69,136
    3988 shares of Cerence Inc 109,293 428,750
    2280 shares of Semrush Holdings 30,699 45,577
    4756 shares of Firstservice Corp 55,833 884,426
    1494 shares of Ranpak Holdings 39,045 38,276

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    The Kaplen Foundation
    EIN:
    22-6048152
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    US Government Securities - End of Year Book Value:

    550,040
    US Government Securities - End of Year Fair Market Value:

    603,471
    State & Local Government Securities - End of Year Book Value:


    5,984,242
    State & Local Government Securities - End of Year Fair Market Value:


    6,385,636


    TY 2020 OtherAssetsSchedule
    Name:
    The Kaplen Foundation
    EIN:
    22-6048152
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Deposit 2,000 2,000 2,000


    TY 2020 OtherExpensesSchedule
    Name:
    The Kaplen Foundation
    EIN:
    22-6048152
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Utilities 2,095     2,095
    General Insurance 6,044     6,044
    Hospitalization Insurance 49,462     49,462
    Internet 3,646     3,646
    Office Expense 8,001     8,001
    Rental Expenses 18,096     18,096
    Telephone 3,981     3,981
    Postage 1,288     1,288
    Miscellaneous 4,471     4,471


    TY 2020 OtherIncreasesSchedule
    Name:
    The Kaplen Foundation
    EIN:
    22-6048152
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Amount
    Unrealized Gains on Investments 828,487


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Kaplen Foundation
    EIN:
    22-6048152
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Management Fees 246,513 246,513    


    TY 2020 TaxesSchedule
    Name:
    The Kaplen Foundation
    EIN:
    22-6048152
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll Taxes 12,658 1,266   11,392
    Excise Tax 71,260     71,260