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 11-01-2020 , and ending 10-31-2021
Name of foundation
GULTON FOUNDATION INC
C/O BREDEFELD & ASSOC PC
Number and street (or P.O. box number if mail is not delivered to street address)125 MAPLE AVE NO C
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHESTER, NJ07930
A Employer identification number

13-6105207
B Telephone number (see instructions)

(732) 764-9292
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$4,506,615J 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 17 17  
4 Dividends and interest from securities... 63,212 63,212  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 302,554
b Gross sales price for all assets on line 6a 1,577,182
7 Capital gain net income (from Part IV, line 2)... 302,554
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........ 365,783 365,783  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 17,175 8,588   8,587
c Other professional fees (attach schedule).... Click to see attachment 18,458 9,229   9,229
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 928 928   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 250 0   250
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 36,811 18,745   18,066
25 Contributions, gifts, grants paid....... 558,100 558,100
26 Total expenses and disbursements. Add lines 24 and 25 594,911 18,745   576,166
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -229,128
b Net investment income (if negative, enter -0-) 347,038
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.............      
2 Savings and temporary cash investments......... 85,290 78,210 78,210
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,602,378 Click to see attachment3,363,455 4,428,405
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,687,668 3,441,665 4,506,615
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 attachment16,875 Click to see attachment0
23 Total liabilities (add lines 17 through 22)......... 16,875 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........ 3,670,793 3,441,665
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 3,670,793 3,441,665
30 Total liabilities and net assets/fund balances (see instructions). 3,687,668 3,441,665
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
3,670,793
2
Enter amount from Part I, line 27a .....................
2
-229,128
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,441,665
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,441,665
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 ADOBE, INC.   2020-04-29 2021-03-08
b ADOBE, INC.   2020-04-29 2021-05-14
c ADOBE, INC.   2020-12-04 2021-05-14
d AIR PRODUCTS & CHEMICALS   2020-06-26 2021-08-24
e ALIBABA GROUP HOLDINGS LTD   2016-06-30 2021-01-06
ALIBABA GROUP HOLDINGS LTD   2017-02-14 2021-01-11
ALIBABA GROUP HOLDINGS LTD   2017-02-14 2021-01-13
ALPHABET, INC. CLASS C   2015-12-14 2021-01-19
ALPHABET, INC. CLASS C   2017-02-03 2021-01-19
AMAZON.COM, INC.   2017-01-27 2021-01-11
AMAZON.COM, INC.   2017-02-03 2021-01-11
AMEREN CORP.   2018-09-07 2020-11-25
AMEREN CORP.   2018-09-07 2021-01-11
AMEREN CORP.   2018-09-07 2021-05-05
AMERICAN TOWER CORP.   2018-12-24 2021-05-05
AMERICAN WATER WORKS CO   2018-03-01 2021-01-11
AMPHENOL CORP.   2019-09-16 2021-01-11
AMPHENOL CORP.   2019-09-16 2021-05-05
AON PLC   2020-09-04 2021-01-19
APPLE INC.   2017-08-20 2021-05-05
BANK OF AMERICA CORP.   2019-01-30 2021-01-11
BANK OF AMERICA CORP.   2019-01-30 2021-01-19
BANK OF AMERICA CORP.   2019-01-30 2021-05-05
BLACKROCK HIGH YIELD BOND   2020-03-30 2021-04-26
BLACKROCK HIGH YIELD BOND   2020-03-30 2021-05-14
BLACKROCK HIGH YIELD BOND   2020-05-11 2021-05-14
BLACKROCK, INC.   2018-05-29 2021-02-12
BLACKROCK, INC.   2018-07-17 2021-02-12
BLACKSTONE GROUP, INC.   2020-01-23 2021-01-11
BLACKSTONE GROUP, INC.   2020-01-23 2021-01-19
BLACKSTONE GROUP, INC.   2020-01-23 2021-05-05
CATALENT, INC.   2021-01-06 2021-01-19
CATALENT, INC.   2021-01-06 2021-05-05
CHARTER COMMUNICATIONS, INC.   2019-11-06 2021-05-14
CHUBB LIMITED   2017-01-26 2021-01-20
CINTAS CORP.   2018-05-07 2021-05-13
CITIGROUP INC.   2015-11-13 2020-11-25
CITIGROUP INC.   2017-12-06 2020-11-25
CITIGROUP INC.   2020-02-25 2020-11-25
CITIGROUP INC.   2020-02-25 2021-01-11
CITIGROUP INC.   2020-02-25 2021-05-05
CONOCOPHILLIPS   2016-08-26 2021-01-11
CONOCOPHILLIPS   2016-08-26 2021-01-19
CONOCOPHILLIPS   2016-08-26 2021-05-05
DANAHER CORP.   2017-01-13 2020-11-13
DANAHER CORP.   2017-01-13 2021-01-06
DANAHER CORP.   2017-09-06 2021-01-11
DANAHER CORP.   2017-09-06 2021-05-05
FACEBOOK, INC.   2019-01-31 2021-01-19
FACEBOOK, INC.   2019-01-31 2021-05-05
FIDELITY 500 INDEX FUND   2019-01-03 2021-01-25
FIDELITY 500 INDEX FUND   2019-01-03 2021-01-25
FIDELITY 500 INDEX FUND   2019-01-03 2021-01-25
FIDELITY 500 INDEX FUND   2019-04-11 2021-01-25
FIDELITY 500 INDEX FUND   2019-04-11 2021-02-12
FIDELITY 500 INDEX FUND   2019-04-11 2021-04-26
FIDELITY 500 INDEX FUND   2019-04-11 2021-07-09
FIDELITY NATL INFO SVCS   2017-01-30 2021-01-11
FIDELITY NATL INFO SVCS   2017-01-30 2021-02-09
FIDELITY NATL INFO SVCS   2017-02-10 2021-02-09
FIDELITY NATL INFO SVCS   2018-05-07 2021-02-09
FIDELITY NATL INFO SVCS   2019-08-16 2021-02-09
FIDELITY NATL INFO SVCS   2020-04-06 2021-02-09
FORTIVE CO.   2017-07-26 2021-01-11
FORTIVE CO.   2017-07-26 2021-04-23
FORTIVE CO.   2020-04-06 2021-04-23
HEALTH CARE SELECT   2019-11-13 2020-11-25
HEALTH CARE SELECT   2020-04-06 2020-11-25
HILTON WORLDWIDE HOLDINGS   2020-01-23 2021-05-05
HOME DEPOT   2017-01-25 2021-01-11
HOME DEPOT   2017-01-26 2021-04-23
HOME DEPOT   2017-01-26 2021-05-05
HOME DEPOT   2020-04-06 2021-05-05
IQVIA HOLDINGS, INC.   2019-11-01 2021-01-19
IQVIA HOLDINGS, INC.   2019-11-01 2021-04-29
IQVIA HOLDINGS, INC.   2019-11-01 2021-05-05
ISHARES BARCLAYS 20+ YEAR TREASURY BOND FUND   2019-09-24 2021-02-12
ISHARES BARCLAYS 20+ YEAR TREASURY BOND FUND   2019-09-24 2021-04-26
ISHARES BARCLAYS 20+ YEAR TREASURY BOND FUND   2020-10-21 2021-04-26
ISHARES BARCLAYS 7-10 YEAR TREASURY BOND   2019-02-14 2020-11-04
ISHARES BARCLAYS 7-10 YEAR TREASURY BOND   2019-02-14 2020-11-04
ISHARES BARCLAYS 7-10 YEAR TREASURY BOND   2019-09-24 2020-11-04
ISHARES BARCLAYS 7-10 YEAR TREASURY BOND   2021-02-12 2021-07-23
ISHARES CORE MSCI EMERGING   2020-10-21 2021-10-22
ISHARES CORE MSCI EMERGING   2020-10-21 2021-10-22
ISHARES U.S. TREASURY BOND ETF   2021-04-26 2021-07-23
ISHARES U.S. TREASURY BOND ETF   2021-04-26 2021-07-23
JP MORGAN BETABUILDERS EUROPE ETF   2018-10-29 2020-12-16
JP MORGAN BETABUILDERS EUROPE ETF   2020-06-18 2020-12-16
JP MORGAN BETABUILDERS JAPAN ETF   2018-10-24 2021-10-22
JPM HIGH YIELD FUND   2020-05-13 2020-11-05
MICROSOFT CORP.   2017-02-03 2021-01-11
MICROSOFT CORP.   2017-02-03 2021-01-19
MICROSOFT CORP.   2017-02-03 2021-03-08
MICROSOFT CORP.   2017-02-03 2021-05-05
MICROSOFT CORP.   2017-02-03 2021-05-14
NIKE INC. CL B   2018-04-09 2021-01-11
NIKE INC. CL B   2018-04-09 2021-01-19
NIKE INC. CL B   2018-04-09 2021-05-05
OW CREDIT INCOME FUND   2020-10-01 2021-01-15
OW CREDIT INCOME FUND   2020-10-01 2021-01-29
OW CREDIT INCOME FUND   2020-10-01 2021-05-05
OW CREDIT INCOME FUND   2020-10-01 2021-05-12
OW FIXED INCOME FUND   2015-03-11 2021-01-13
OW FIXED INCOME FUND   2015-03-11 2021-01-15
OW FIXED INCOME FUND   2015-03-11 2021-01-29
OW FIXED INCOME FUND   2015-03-11 2021-05-05
OW FIXED INCOME FUND   2015-03-11 2021-05-12
OW LARGE CAP STRATEGIES FD   2013-02-01 2020-12-17
OW LARGE CAP STRATEGIES FD   2013-02-01 2021-01-08
OW LARGE CAP STRATEGIES FD   2013-03-19 2021-01-08
OW LARGE CAP STRATEGIES FD   2013-03-19 2021-01-13
OW LARGE CAP STRATEGIES FD   2013-03-19 2021-01-15
OW LARGE CAP STRATEGIES FD   2013-03-19 2021-01-29
OW LARGE CAP STRATEGIES FD   2013-05-15 2021-01-29
OW LARGE CAP STRATEGIES FD   2013-05-15 2021-05-05
OW LARGE CAP STRATEGIES FD   2013-05-15 2021-05-12
OW SMALL & MIDCAP STRAT FUND   2008-10-06 2020-12-17
OW SMALL & MIDCAP STRAT FUND   2010-12-10 2020-12-17
OW SMALL & MIDCAP STRAT FUND   2010-12-10 2020-12-17
OW SMALL & MIDCAP STRAT FUND   2011-01-18 2020-12-17
OW SMALL & MIDCAP STRAT FUND   2011-01-18 2021-01-08
OW SMALL & MIDCAP STRAT FUND   2011-01-18 2021-01-13
OW SMALL & MIDCAP STRAT FUND   2011-01-18 2021-01-15
OW SMALL & MIDCAP STRAT FUND   2011-01-18 2021-01-29
OW SMALL & MIDCAP STRAT FUND   2011-01-18 2021-05-12
PAYPAL HOLDINGS, INC.   2021-02-09 2021-10-29
PEPSICO, INC.   2017-01-25 2021-01-19
PEPSICO, INC.   2017-01-25 2021-05-05
PIMCO INVESTMENT GRADE CORPORATE BOND FUND   2018-03-20 2021-01-25
S&P 500 DEP RECEIPTS   2021-01-13 2021-02-03
S&P 500 DEP RECEIPTS   2021-01-13 2021-02-09
S&P GLOBAL, INC.   2019-08-21 2021-01-19
SAFRAN SA   2018-07-20 2021-01-19
SAFRAN SA   2018-07-20 2021-05-05
SALESFORCE   2018-04-19 2020-12-04
SALESFORCE   2020-04-06 2020-12-04
SCHWAB CHARLES CORP NEW   2020-11-25 2021-05-05
SEA LTD ADR   2020-01-24 2021-01-11
SEA LTD ADR   2020-01-24 2021-04-23
SEA LTD ADR   2020-01-24 2021-05-14
SERVICENOW, INC.   2018-04-19 2021-03-08
SIX CIRCLES U.S. UNCONSTRAINED EQUITY FUND   2018-10-24 2021-04-26
SIX CIRCLES U.S. UNCONSTRAINED EQUITY FUND   2018-10-24 2021-07-09
SQUARE, INC.   2021-02-09 2021-05-14
TENCENT HOLDINGS LTD   2019-01-09 2021-01-12
TENCENT HOLDINGS LTD   2019-01-10 2021-01-13
TENCENT HOLDINGS LTD   2019-08-16 2021-01-13
TENCENT HOLDINGS LTD   2020-04-07 2021-01-14
TENCENT HOLDINGS LTD   2020-04-07 2021-07-30
TENCENT HOLDINGS LTD   2021-02-04 2021-05-05
TENCENT HOLDINGS LTD   2021-02-04 2021-07-30
TEXAS INSTRUMENTS, INC.   2019-01-11 2021-01-11
TEXAS INSTRUMENTS, INC.   2019-01-11 2021-01-19
TEXAS INSTRUMENTS, INC.   2019-01-11 2021-05-05
THERMO FISHER SCIENTIFIC   2015-01-20 2020-12-18
THERMO FISHER SCIENTIFIC   2015-01-20 2021-01-06
THERMO FISHER SCIENTIFIC   2015-01-20 2021-05-05
UNION PACIFIC CORP   2019-07-18 2021-01-19
UNION PACIFIC CORP   2019-08-13 2021-01-20
UNION PACIFIC CORP   2019-09-16 2021-05-05
UNITED HEALTH GROUP, INC.   2018-10-26 2021-05-05
VANGUARD MORTGAGE-BACKED SEC   2020-11-04 2021-07-23
VANGUARD TOTAL BOND MARKET   2021-02-12 2021-07-23
VANGUARD TOTAL BOND MARKET   2021-05-17 2021-07-23
VANGUARD TOTAL BOND MARKET INDEX FUND   2018-01-17 2020-11-04
VANGUARD TOTAL BOND MARKET INDEX FUND   2018-10-04 2020-11-04
VANGUARD TOTAL BOND MARKET INDEX FUND   2019-02-12 2020-11-04
VANGUARD TOTAL BOND MARKET INDEX FUND - ADM   2019-02-12 2021-07-23
VISA, INC.   2017-01-27 2021-01-19
VISA, INC.   2017-01-27 2021-05-05
VONTIER CORP.   2017-07-26 2020-11-13
ZOETIS, INC.   2018-01-29 2021-01-19
ZOETIS, INC.   2018-01-29 2021-05-05
LITIGATION FUNDS      
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 894   700 194
b 1,416   1,044 372
c 472   477 -5
d 2,672   2,333 339
e 1,134   372 762
1,121   519 602
2,296   1,038 1,258
6,987   3,031 3,956
1,747   2,392 -645
9,571   2,460 7,111
6,381   824 5,557
792   649 143
374   324 50
849   649 200
1,270   808 462
766   411 355
675   469 206
681   469 212
1,032   1,049 -17
1,980   267 1,713
498   445 53
512   445 67
1,633   1,186 447
49,942   42,033 7,909
31,103   25,542 5,561
27,008   24,500 2,508
2,170   1,615 555
2,894   2,029 865
315   307 8
317   307 10
1,330   920 410
577   520 57
565   520 45
1,365   947 418
3,106   2,627 479
1,784   860 924
267   278 -11
2,669   3,871 -1,202
267   387 -120
673   774 -101
1,079   1,161 -82
221   216 5
239   216 23
1,038   863 175
1,141   405 736
1,113   405 708
1,211   416 795
1,283   416 867
1,237   722 515
3,261   1,444 1,817
3,499   2,226 1,273
16,973   10,798 6,175
44,551   28,343 16,208
2,033   1,526 507
65,815   48,359 17,456
28,560   19,719 8,841
17,831   11,801 6,030
684   400 284
1,330   800 530
1,330   772 558
1,330   989 341
1,330   1,312 18
1,330   1,153 177
357   269 88
3,328   2,425 903
739   469 270
1,084   949 135
1,626   1,303 323
1,296   1,113 183
1,334   677 657
653   276 377
979   414 565
652   360 292
943   715 228
1,134   715 419
1,180   715 465
16,033   15,631 402
33,295   34,131 -836
20,005   22,703 -2,698
18,743   16,200 2,543
34,947   30,206 4,741
53,206   49,567 3,639
28,240   28,391 -151
26,776   23,268 3,508
34,662   30,144 4,518
20,536   20,238 298
38,258   37,701 557
5,201   4,453 748
26,347   22,387 3,960
23,210   18,129 5,081
51,678   47,800 3,878
1,089   323 766
1,070   323 747
2,273   646 1,627
3,800   969 2,831
1,194   323 871
725   347 378
708   347 361
1,333   694 639
8,616   8,480 136
6,255   6,138 117
325   325 0
1,811   1,815 -4
10,000   9,740 260
18,234   17,744 490
33,570   32,612 958
76,044   75,042 1,002
9,359   9,236 123
28,025   17,337 10,688
2,835   1,703 1,132
22,336   13,651 8,685
30,500   18,502 11,998
24,876   15,048 9,828
16,125   9,873 6,252
13,963   8,959 5,004
18,150   11,056 7,094
2,503   1,532 971
2,300   1,282 1,018
3,945   3,221 724
15,048   12,286 2,762
749   635 114
6,210   5,157 1,053
9,500   7,782 1,718
8,580   6,991 1,589
10,157   8,417 1,740
14,146   11,563 2,583
3,964   4,303 -339
708   516 192
1,447   1,031 416
50,768   46,321 4,447
5,638   5,687 -49
775   758 17
1,536   1,303 233
701   631 70
749   631 118
3,311   1,840 1,471
1,104   661 443
354   240 114
1,005   229 776
1,202   219 983
1,071   219 852
1,510   523 987
13,193   8,156 5,037
12,901   7,497 5,404
1,654   1,918 -264
366   203 163
2,288   1,208 1,080
2,669   1,526 1,143
380   241 139
759   481 278
398   481 -83
2,015   3,364 -1,349
834   479 355
860   479 381
907   479 428
1,379   378 1,001
1,877   504 1,373
2,359   630 1,729
1,082   869 213
1,083   839 244
1,120   838 282
2,005   1,318 687
26,482   26,819 -337
12,372   12,420 -48
7,095   6,969 126
71,892   66,133 5,759
26,823   23,750 3,073
6,673   6,047 626
39,281   36,249 3,032
1,011   415 596
3,510   1,246 2,264
603   480 123
809   396 413
873   396 477
253     253
30,213     30,213
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       194
b       372
c       -5
d       339
e       762
      602
      1,258
      3,956
      -645
      7,111
      5,557
      143
      50
      200
      462
      355
      206
      212
      -17
      1,713
      53
      67
      447
      7,909
      5,561
      2,508
      555
      865
      8
      10
      410
      57
      45
      418
      479
      924
      -11
      -1,202
      -120
      -101
      -82
      5
      23
      175
      736
      708
      795
      867
      515
      1,817
      1,273
      6,175
      16,208
      507
      17,456
      8,841
      6,030
      284
      530
      558
      341
      18
      177
      88
      903
      270
      135
      323
      183
      657
      377
      565
      292
      228
      419
      465
      402
      -836
      -2,698
      2,543
      4,741
      3,639
      -151
      3,508
      4,518
      298
      557
      748
      3,960
      5,081
      3,878
      766
      747
      1,627
      2,831
      871
      378
      361
      639
      136
      117
      0
      -4
      260
      490
      958
      1,002
      123
      10,688
      1,132
      8,685
      11,998
      9,828
      6,252
      5,004
      7,094
      971
      1,018
      724
      2,762
      114
      1,053
      1,718
      1,589
      1,740
      2,583
      -339
      192
      416
      4,447
      -49
      17
      233
      70
      118
      1,471
      443
      114
      776
      983
      852
      987
      5,037
      5,404
      -264
      163
      1,080
      1,143
      139
      278
      -83
      -1,349
      355
      381
      428
      1,001
      1,373
      1,729
      213
      244
      282
      687
      -337
      -48
      126
      5,759
      3,073
      626
      3,032
      596
      2,264
      123
      413
      477
      253
      30,213
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 2 302,554
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 4,824
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 4,824
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 4,824
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,400
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 2,400
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 2,424
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletCO BREDEFELD ASSOC Telephone no.bullet (732) 764-9292

    Located atbullet125 MAPLE AVE STE CCHESTERNJ ZIP+4bullet07930
    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
    MARIAN G MALCOLM PRESIDENT
    5.00     		0 0 0
    99 OXFORD DRIVE
    TENAFLY,NJ07670
    JOHN MALCOLM VICE PRES. & SEC'Y
    5.00     		0 0 0
    2330 BANCROFT PLACE NW
    WASHINGTON,DC20008
    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
    4,329,618
    b
    Average of monthly cash balances.......................
    1b
    70,240
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,399,858
    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
    4,399,858
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    65,998
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,333,860
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    216,693
    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
    216,693
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    4,824
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,824
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    211,869
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    211,869
    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
    211,869
    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
    576,166
    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
    576,166
    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
    576,166
    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 7 211,869
    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...... 272,733
    b From 2016...... 256,699
    c From 2017...... 260,015
    d From 2018...... 284,635
    e From 2019...... 264,396
    fTotal of lines 3a through e........ 1,338,478
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 576,166
    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)........     		Click to see attachment0
    d Applied to 2020 distributable amount..... 211,869
    e Remaining amount distributed out of corpus 364,297
    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 1,702,775
    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) ...     		272,733
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		1,430,042
    10 Analysis of line 9:
    a Excess from 2016.... 256,699
    b Excess from 2017.... 260,015
    c Excess from 2018.... 284,635
    d Excess from 2019.... 264,396
    e Excess from 2020.... 364,297
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AARP FOUNDATION
    PO BOX 93207
    LONG BEACH,CA90809     		  EXEMPT GENERAL OPERATIONS 100
    BARBER FAMILY FOUNDATION
    1 CATAMORE BLVD
    EAST PROVIDENCE,RI02914     		  EXEMPT GENERAL OPERATIONS 5,000
    BOYS TOWN WASHINGTON DC
    4801 SARGENT RD NE
    WASHINGTON,DC20017     		  EXEMPT GENERAL OPERATIONS 30,000
    COMMUNITY FOOD BANK OF NJ
    31 EVANS TERMINAL
    HILLSIDE,NJ07205     		  EXEMPT GENERAL OPERATIONS 10,000
    FEDERALIST SOCIETY THE
    1776 I STREET NW SUITE 300
    WASHINGTON,DC20006     		  EXEMPT GENERAL OPERATIONS 30,000
    FRESH AIR FUND
    633 3RD AVE FL 14
    NEW YORK,NY10017     		  EXEMPT GENERAL OPERATIONS 5,000
    FRIENDSHIP CIRCLE
    10 MICROLAB RD
    LIVINGSTON,NJ07039     		  EXEMPT GENERAL OPERATIONS 5,000
    HOLY NAME MEDICAL CENTER
    718 TEANECK RD
    TEANECK,NJ07666     		  EXEMPT GENERAL OPERATIONS 10,000
    JCC ON THE PALISADE
    411 E CLINTON AVE
    TENAFLY,NJ07670     		  EXEMPT GENERAL OPERATIONS 15,000
    LEGAL SERVICES CORP
    3333 K ST NW
    WASHINGTON,DC20007     		  EXEMPT GENERAL OPERATIONS 10,000
    METROPOLITAN MUSEUM OF ART
    1000 5TH AVE
    NEW YORK,NY10028     		  EXEMPT GENERAL OPERATIONS 205,000
    NATIONAL DANCE INSTITUTE
    217 WEST 147TH ST
    NEW YORK,NY10039     		  EXEMPT GENERAL OPERATIONS 4,000
    NATIONAL GALLERY OF ART
    6 TH ST NW
    WASHINGTON,DC20004     		  EXEMPT GENERAL OPERATIONS 2,500
    NY PUBLIC RADIO
    160 VARICK ST STE 7
    NEW YORK,NY10013     		  EXEMPT GENERAL OPERATIONS 2,000
    NYC BALLET
    20 LINCOLN CENTER PLZ
    NEW YORK,NY10023     		  EXEMPT GENERAL OPERATIONS 15,000
    SIGNATURE THEATER
    480 W 42ND ST
    NEW YORK,NY10036     		  EXEMPT GENERAL OPERATIONS 3,000
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    262 DANNY THOMAS PL
    MEMPHIS,TN38105     		  EXEMPT GENERAL OPERATIONS 5,000
    TENAFLY FIRE ASSOC
    100 RIVEREDGE RD
    TENAFLY,NJ07670     		  EXEMPT GENERAL OPERATIONS 2,000
    TENAFLY VOLUNTEER AMBULANCE ASSOC
    100 RIVEREDGE RD
    TEANECK,NJ07670     		  EXEMPT GENERAL OPERATIONS 2,000
    WASHINGTON NATIONAL OPERA
    6925 WILLOW SAINT NW
    WASHINGTON,DC20007     		  EXEMPT GENERAL OPERATIONS 35,000
    WASHINGTON URBAN DEBATE LEAGUE
    PO BOX 6319
    WASHINGTON,DC20016     		  EXEMPT GENERAL OPERATIONS 10,000
    WEEKEND BOOK PARISH FOR HOMELESS KIDS
    905 SOUTH MAPLE AVE
    GLEN ROCK,NJ07452     		  EXEMPT GENERAL OPERATIONS 5,000
    WILDLIFE EMERGENCY FUND
    1250 24TH STREET NW
    WASHINGTON,DC20037     		  EXEMPT GENERAL OPERATIONS 100,000
    WNET
    825 8TH AVE
    NEW YORK,NY10019     		  EXEMPT GENERAL OPERATIONS 40,000
    COLUMBIA COLLEGE FUND
    622 W 113TH ST MC 4530
    NEW YORK,NY10025     		  EXEMPT GENERAL OPERATIONS 5,000
    NATIONAL JEWISH HEALTH'S CENTER OF EXCELLENCE
    1400 JACKSON ST
    DENVER,CO80206     		  EXEMPT GENERAL OPERATIONS 2,500
    Total .................................bullet 3a 558,100
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 17  
    4 Dividends and interest from securities....     14 63,212  
    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 ............     		    18 302,554  
    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).. 0 365,783 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    365,783
    (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 AccountingFeesSchedule
    Name:
    GULTON FOUNDATION INC
     
    C/O BREDEFELD & ASSOC PC
    EIN:
    13-6105207
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 17,175 8,588   8,587

    TY 2020 DistributionFromCorpusElection
    Name:
    GULTON FOUNDATION INC
     
    C/O BREDEFELD & ASSOC PC
    EIN:
    13-6105207
    Election:
    FORM 990-PF PAGE 9 LINE 4C: TREATED AS DISTRIBUTIONS OUT OF CORPUS------------------------------------------------------------------PURSUANT TO REG. SEC. 53.4932(A)-3(D)(2), THE TAXPAYER HEREBYELECTS TO TREAT THE 2017 QUALIFYING DISTRIBUTIONS AS MADE OUTOF CORPUS.

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    GULTON FOUNDATION INC
     
    C/O BREDEFELD & ASSOC PC
    EIN:
    13-6105207
    Name of Stock End of Year Book Value End of Year Fair Market Value
    5 SHS ALPHABET, INC. CLASS C 3,181 14,827
    1 SHS AMAZON.COM, INC. 1,648 3,372
    15 SHS AMERICAN WATER WORKS CO 1,573 2,612
    105 SHS APPLE INC 3,156 15,729
    4424.527 SHS ISHARES MSCI EAFENINTL INDEX 58,890 72,164
    55 SHS CITIGROUP INC. 2,394 3,803
    70 SHS CONOCOPHILLIPS 2,821 5,214
    45 SHS NIKE INC. CL B 3,490 7,528
    28650 SHS OW FIXED INCOME FUND 320,886 322,317
    29334 SHS OW LARGE CAP STRATEGIES FD 346,810 589,897
    9557 SHS OW SMALL & MID CAP FUND 150,553 190,383
    30 SHS PEPSICO, INC. 3,292 4,848
    1273 SHS SPDR S&P 500 ETF TRUST 254,153 584,625
    8 SHS THERMO FISHER SCIENTIFIC 1,801 5,064
    20 SHS DANAHER CORP 2,176 6,235
    3 SHS HOME DEPOT 539 1,115
    70 SHS MICROSOFT CORP 6,694 23,213
    50 SHS VISA INC 6,952 10,588
    25 SHS ZOETIS INC 2,318 5,405
    11529.941 SHS VANGUARD INTERNATIONAL BOND FUND 256,721 261,038
    30 SHS AMEREN CORP 2,001 2,528
    5 SHS CINTAS CORP 814 2,165
    2111.916 SHS FIDELITY 500 INDEX FUND 231,794 337,695
    977 SHS JP MORGAN BETABUILDERS CANADA 48,107 66,412
    1522 SHS JP MORGAN BETABUILDERS EUROPE 78,809 91,198
    1564 SHS JP MORGAN BETABUILDERS JAPAN 77,644 89,476
    984 SHS JPM BETABUILDERS DEVELOPED ASIA 53,207 56,206
    2459.791 SHS PIMCO INCOME FUND 30,276 29,395
    25 SHS SAFRAN SA 2,701 3,378
    6 SHS SERVICE NOW INC 1,046 4,186
    21639.793 SHS SIX CIRCLES INT'L UNCONSTRAINED 212,127 244,097
    18380.612 SHS SIX CIRCLES US UNCONSTRAINED 187,070 316,698
    2382.182 SHS SIX CIRCLES ULTRA SHORT 23,846 23,798
    15 SHS UNITED HEALTH GROUP INC 3,720 6,907
    7853.445 SHS VANGUARD BOND MARKET INDEX 85,299 88,351
    20 SHS AMERICAN TOWER CORP 3,855 5,639
    50 SHS AMPHENOL CORP 2,218 3,838
    195 SHS BANK OF AMERICA CORP 5,440 9,317
    30 SHS FACEBOOK INC 5,120 9,707
    35 SHS IQVIA HOLDINGS INC 5,116 9,149
    15 SHS PIONEER NATURAL RESOURCES 2,224 2,804
    5 SHS S&P GLOBAL INC 1,303 2,370
    40 SHS TEXAS INSTRUMENTS INC 4,143 7,499
    30 SHS UNION PACIFIC CORP 4,591 7,242
    7 SHS ADOBE INC 3,846 4,552
    10 SHS AIR PRODUCTS & PARTNERS 2,543 2,998
    15 SHS AON PLC 3,231 4,798
    70 SHS BLACKSTONE GROUP, INC 3,539 9,689
    8 SHS CHARTER COMMUNICATIONS, INC 3,580 5,399
    30 SHS HILTON WORLDWIDE HLDGS 2,428 4,318
    5 SHS LV MOET HENNESSY 1,753 3,942
    7102 SHS OW CREDIT INCOME FUND 71,015 72,080
    30 SHS ROSS STORES INC 2,892 3,396
    10 SHS SEA LTD 442 3,435
    29094.035 SHS SIX CIRCLES GLOBAL BOND 296,283 290,940
    25 SHS APTIV PLC 3,612 4,322
    7 SHS ASML HOLIDNG 3,311 5,710
    20 SHS CATALENT INC 2,079 2,757
    25 SHS EATON CORP 3,547 4,119
    25 SHS JPMORGAN CHASE & CO 3,823 4,247
    6 SHS MSCI INC 2,594 3,989
    6 SHS NORTHROP GRUMMAN CORP 2,183 2,143
    80 SHS SCHWAB CHARLES CORP 4,163 6,562
    5181.478 SIX CIRCLES CREDIT OPP 52,592 53,266
    558 VANGUARD MORTGAGE-BACKED 30,215 29,635
    2535 SHS VANGUARD SHORT TERM BOND FD 208,751 206,450
    2590 SHS VANGUARD INTL BOND FD-ETF 149,801 146,775
    15 SHS VULCAN MATERIALS 2,713 2,851

    TY 2020 OtherExpensesSchedule
    Name:
    GULTON FOUNDATION INC
     
    C/O BREDEFELD & ASSOC PC
    EIN:
    13-6105207
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NYS FILING FEES 250 0   250


    TY 2020 OtherLiabilitiesSchedule
    Name:
    GULTON FOUNDATION INC
     
    C/O BREDEFELD & ASSOC PC
    EIN:
    13-6105207
    Description Beginning of Year - Book Value End of Year - Book Value
    DUE TO MARIAN MALCOLM 16,875 0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    GULTON FOUNDATION INC
     
    C/O BREDEFELD & ASSOC PC
    EIN:
    13-6105207
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT COUNSEL 18,458 9,229   9,229


    TY 2020 TaxesSchedule
    Name:
    GULTON FOUNDATION INC
     
    C/O BREDEFELD & ASSOC PC
    EIN:
    13-6105207
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN WITHHOLDING TAXES 31 31   0
    FEDERAL TAXES 897 897   0