Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
The White Horse Group Foundation Inc
 
% KRISTINE BARTHOLETTI
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

20-0674318
B Telephone number (see instructions)

(800) 839-1754
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$25,286,265J 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) 328,156
2 Check bullet.............
3 Interest on savings and temporary cash investments 641 641  
4 Dividends and interest from securities... 136,220 136,220  
5a Gross rents............ 199,667 199,667  
b Net rental income or (loss) 3,293
6a Net gain or (loss) from sale of assets not on line 10 200,888
b Gross sales price for all assets on line 6a 10,398,849
7 Capital gain net income (from Part IV, line 2)... 193,551
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 52,267 42,690 8,862
12 Total. Add lines 1 through 11........ 917,839 572,769 8,862
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 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 31,663 0 0 31,663
c Other professional fees (attach schedule).... Click to see attachment 939,833 47,616   892,217
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 12,929 3,229    
19 Depreciation (attach schedule) and depletion... Click to see attachment 65,605 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,979     3,979
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 296,526 270,667   25,831
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,350,535 321,512 0 953,690
25 Contributions, gifts, grants paid....... 185,917 185,917
26 Total expenses and disbursements. Add lines 24 and 25 1,536,452 321,512 0 1,139,607
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -618,613
b Net investment income (if negative, enter -0-) 251,257
c Adjusted net income (if negative, enter -0-)... 8,862
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............. 529,863 198,615 198,615
2 Savings and temporary cash investments.........   1,179,687 1,179,687
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   500,000    
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 13,139,427 Click to see attachment11,942,208 14,130,959
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet2,345,218
Less: accumulated depreciation (attach schedule) bullet606,307 1,624,459 Click to see attachment1,738,911 1,738,910
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,874,689 Click to see attachment3,994,220 7,603,004
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment440,110 Click to see attachment435,090 Click to see attachment435,090
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,108,548 19,488,731 25,286,265
Liabilities 17 Accounts payable and accrued expenses.......... 4,610 106
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 attachment13,762 Click to see attachment17,062
23 Total liabilities (add lines 17 through 22)......... 18,372 17,168
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 20,090,176 19,471,562
29 Total net assets or fund balances (see instructions)..... 20,090,176 19,471,562
30 Total liabilities and net assets/fund balances (see instructions). 20,108,548 19,488,730
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
20,090,176
2
Enter amount from Part I, line 27a .....................
2
-618,613
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
19,471,563
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
19,471,563
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 Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 10,398,849   10,395,223 3,626
b       189,925
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       3,626
b        
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 193,551
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 3,492
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 3,492
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 3,492
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 5,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,100
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,100
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 4,608
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet4,608 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE
    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 ofbulletKRISTINE BARTHOLETTI Telephone no.bullet (484) 734-1048

    Located atbullet455 Birch StreetKennett SquarePA ZIP+4bullet19348
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Dorothy Bontrager VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    J Michael Bontrager Pres, Dir, Sec
    10.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
    CULTURE SHIFT CREATIVE PHILANTHROPIC CONS 60,000
    119 S MAIN STREET SUITE 500
    MEMPHIS,TN38103
    SQUARE ROOTS HOLDINGS LLC PROJ MGMT/PHIL CONS 629,414
    455 BIRCH STREET
    KENNETT SQUARE,PA19348
    MUMIA PARHAM Philanthropic CONS 90,660
    4055 RIDGE AVE APT 3307
    PHILADELPHIA,PA19129
    UNKNOWN STUDIO LANDSCAPE DESIGN 108,626
    2219 STPAUL STREET
    BALTIMORE,MD21218
    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 UNDERGROUND RAILROAD PROJECT: TO CREATE A WORLD-CLASS MONUMENT AND PROGRAMMING IN THE MID-ATLANTIC REGION AS PART OF GROWING TOURISM ACTIVITIES IN THE AREA. 311,513
    2 TRAIL PROJECT: TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS BY BUILDING UPON EXISTING TRAIL NETWORKS AND EXTENDING NETWORKS TO CREATE A CONTINUOUS TRAIL LOOP IN KENNETT AREA. 219,377
    3 SCCON: TO ALLEVIATE POVERTY USING THE BRIDGES OUT OF POVERTY MODEL AND TO GATHER COMMUNITY MEMBERS AND LEADERS TOGETHER TO IDENTIFY AND ADDRESS KEY POVERTY ISSUES IN THE COMMUNITY. 81,555
    4 RED CLAY PARK: CREATION OF A PARK TO INCLUDE TRAILS AND COMMUNITY GATHERING SPACES AS WELL AS IMPROVEMENTS IN STREAM RESTORATION AND STORMWATER MANAGEMENT IN KENNETT SQUARE. 79,807
    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.........................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
    13,006,594
    b
    Average of monthly cash balances.......................
    1b
    925,078
    c
    Fair market value of all other assets (see instructions)................
    1c
    8,846,996
    d
    Total (add lines 1a, b, and c).........................
    1d
    22,778,668
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    22,778,668
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    341,680
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    22,436,988
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,121,849
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,121,849
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    3,492
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    3,008
    c
    Add lines 2a and 2b............................
    2c
    6,500
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,115,349
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,115,349
    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
    1,115,349
    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
    1,139,607
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,139,607
    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
    1,139,607
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 1,115,349
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 534,395
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,139,607
    a Applied to 2019, but not more than line 2a 534,395
    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..... 605,212
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		510,137
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 0
    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).)
    Dorothy Bontrager
    J Michael Bontrager
    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
    OLD SKOOL CAFE
    PO BOX 24022
    SAN FRANCISCO,CA941240022     		N/A PC GENERAL & UNRESTRICTED 1,000
    WHEATON COLLEGE
    801 COLLEGE AVE
    WHEATON,IL60187     		N/A PC ANNUAL GIFT 2,500
    FELLOWSHIP OF CHRISTIAN ATHLETES
    8701 LEEDS RD
    KANSAS CITY,MO64129     		N/A PC UNIVERSITY OF ALABAMA FCA/CRAMER 10,000
    STONE GARAGE
    PO BOX 1158
    KENNETT SQUARE,PA19348     		N/A PC GENERAL & UNRESTRICTED 10,000
    CORACLE
    2883 QUICKSBURG RD
    QUICKSBURG,VA228471403     		N/A PC REPENTANCE PROJECT 1,103
    KENNETT SQUARE REVITALIZATION TASKFORCE
    106 W STATE STREET
    KENNETT SQUARE,PA193483044     		N/A PC MATCHING FUNDS 146,208
    BIBLE EVANGELICAL CHURCH
    866 5th street
    oxford,PA19363     		N/A PC GENERAL & UNRESTRICTED 15,000
    CULTURETRUST GREATER PHILADELPHIA
    1315 WALNUT ST STE 320
    PHILADELPHIA,PA19107     		N/A PC GENERAL & UNRESTRICTED 106
    Total .................................bullet 3a 185,917
    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 ...........     		    14 641  
    4 Dividends and interest from securities....     14 136,220  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 3,293  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990 7,337 18 193,551  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 Inc/Loss     		525990 9,577 14 -2,834  
    bINTEREST FROM NOTE RECEIVABLE     14 36,662  
    cINTEREST FROM PRI         8,862
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 16,914 367,533 8,862
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    393,309
    (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.)
    11 INTEREST INCOME FROM PROGRAM RELATED INVESTMENT, LOW-INTEREST LOAN TO DEFY VENTURES, INC, A 501(C)(3) PUBLIC CHARITY WHICH SEEKS TO BREAK THE CYCLE OF INCARCERATION BY PROVIDING DEVELOPMENT AND CAREER OPPORTUNITIES.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    The White Horse Group Foundation Inc
     
    Employer identification number

    20-0674318
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    The White Horse Group Foundation Inc
          		Employer identification number
    20-0674318
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    J MICHAEL BONTRAGER
    455 BIRCH STREET
     
    KENNETT SQUARE, PA19348

    		$ 328,156


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    The White Horse Group Foundation Inc
          		Employer identification number

    20-0674318
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    The White Horse Group Foundation Inc
          		Employer identification number

    20-0674318
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    The White Horse Group Foundation Inc
    EIN:
    20-0674318
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING & BOOKKEEPING FEES 31,663     31,663

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

    TY 2020 DepreciationSchedule
    Name:
    The White Horse Group Foundation Inc
    EIN:
    20-0674318
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    144 W CEDAR-LAND 2011-04-01 29,881   L          
    200 E CYPRESS LAND 2010-12-03 65,423   L          
    412 S BROAD LAND 2015-12-01 65,069   L          
    420 S BROAD LAND 2011-05-23 40,963   L          
    422 S BROAD LAND 2011-05-13 41,017   L          
    428/430 S BROAD-LD 2014-06-05 61,426   L          
    525 W STATE LAND 2012-03-01 41,202   L          
    144 W CEDAR - BLDG 2011-04-01 54,754 17,338 SL 27 1,991 1,991 1,991  
    144 W CEDAR-IMPROV 2011-04-01 52,971 16,781 SL 27 1,926 1,926 1,926  
    144 W CEDAR - FURN 2011-04-01 583 580 SL 5        
    144 W CEDAR - APPL 2011-04-01 3,344 3,321 SL 5        
    144 W CEDAR-LD IMP 2011-04-01 4,500 2,613 SL 15 300 300 300  
    144 W CEDAR-FL IMP 2011-04-01 1,203 1,197 SL 7        
    200 E CYPRESS-BLDG 2010-12-02 163,515 53,762 SL 27 5,946 5,946 5,946  
    200 E CYPRESS-APPL 2010-12-03 366 366 SL 5        
    200 E CYPRESS-APPL 2012-05-09 596 596 SL 7        
    200 E CYPRESS-CARP 2012-06-11 2,000 2,000 SL 7        
    200 E CYPRESS-DOOR 2012-11-07 138 138 SL 7        
    200 E CYPRESS-GAS 2012-11-27 1,500 390 SL 27 55 55 55  
    200 E CYPRESS-CARP 2013-12-20 1,320 1,134 SL 7 186 186 186  
    200 E CYPRESS-APPL 2015-06-18 666 599 SL 5 67 67 67  
    200 E CYPRESS-APPL 2015-07-24 132 119 SL 5 13 13 13  
    200 E CYPRESS-APPL 2016-03-29 370 278 SL 5 74 74 74  
    200 E CYPRESS-PORC 2017-05-23 11,701 1,098 SL 27 425 425 425  
    200 E CYPRESS-APPL 2018-01-27 1,032 395 SL 5 206 206 206  
    420 S BROAD-BLDG 2011-05-13 65,837 20,648 SL 27 2,394 2,394 2,394  
    420 S BROAD-IMPROV 2011-10-06 1,810 993 SL 15 121 121 121  
    422 S BROAD-APPL 2011-10-27 543 543 SL 5        
    428/430 BROAD BLDG 2014-06-05 156,963 31,632 SL 27 5,708 5,708 5,708  
    428/430 BROAD-APPL 2015-07-24 143 128 SL 5 15 15 15  
    428/430 BROAD-APPL 2016-08-25 186 123 SL 5 37 37 37  
    428/430 BROAD-APPL 2018-07-24 508 144 SL 5 102 102 102  
    428/430 BROAD-APPL 2018-09-24 399 100 SL 5 80 80 80  
    412 S BROAD-BLDG 2015-12-01 158,395 23,520 SL 27 5,760 5,760 5,760  
    412 S BROAD-IMPROV 2018-07-11 4,996 273 SL 27 182 182 182  
    412 S BROAD-APPL 2018-04-19 350 117 SL 5 70 70 70  
    525 W STATE-BLDG 2012-03-01 111,761 31,835 SL 27 4,064 4,064 4,064  
    525 W STATE-IMPROV 2012-05-16 1,322 364 SL 27 48 48 48  
    525 W STATE-IMPROV 2012-06-04 1,892 523 SL 27 69 69 69  
    525 W STATE-IMPROV 2012-03-01 886,538 252,531 SL 27 32,238 32,238 32,238  
    525 W STATE-IMPROV 2012-03-01 15,864 15,864 SL 5        
    525 W STATE-FURNIS 2012-03-01 26,426 26,426 SL 5        
    525 W STATE-F&F 2012-06-01 8,660 8,660 SL 5        
    525 W STATE-SCREEN 2012-10-04 1,208 1,208 SL 5        
    144 W CEDAR-IMPROV 2019-10-02 2,300 21 SL 27 84 84 84  
    200 E CYPRESS-APPL 2019-04-02 581 87 SL 5 116 116 116  
    200 E CYPRESS-CARP 2019-03-05 2,360 281 SL 7 337 337 337  
    412 S. BROAD-APPL 2019-08-09 582 49 SL 5 116 116 116  
    422 S BROAD-BLDG 2011-05-13 65,783 20,631 SL 27 2,392 2,392 2,392  
    422 S BROAD-IMPROV 2011-10-06 1,810 993 SL 15 121 121 121  
    DECK 2019-10-25 1,192 7 SL 27 43 43 43  
    525 W STATE-IMPROV 2012-05-23 1,080 296 SL 27 39 39 39  
    500 E CYPRESS LAND 2020-10-08 136,759   L          
    500 E CYPRESS BLDG 2020-10-08 43,298   SL 39 280 280 280  

    TY 2020 GeneralExplanationAttachment
    Name:
    The White Horse Group Foundation Inc
    EIN:
    20-0674318
    Identifier Return Reference Explanation
    PART I, LINE 6A PART I LINE 6A (990-PF) RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $193,551 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $7,337 TOTAL PART I, LINE 6A: $200,888 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRADED SECURITIES GROSS SALES PRICE: $10,398,849 BOOK BASIS: $10,395,223 NET GAIN/(LOSS): $3,626 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $189,925

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The White Horse Group Foundation Inc
    EIN:
    20-0674318
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BAIRD SHORT TERM BOND FUND INS 432,674 433,585
    BLACKROCK TOTAL US BOND FUND 385,020 385,286
    CONESTOGA SMALL CAP INST 178,075 268,873
    GOLDMAN SACHS GQG PARTNERS INT 685,994 849,190
    MATTHEWS ASIAN GROWTH AND INCO 744,832 868,949
    SPDR GOLD SHARES 400,300 403,985
    THORNBURG LIMITED TERM INCOME 430,000 430,136
    USQ CORE REAL ESTATE FUND CLAS 3,770,075 3,827,784
    VANGUARD 500 INDEX FUND ADM 3,678,036 4,867,433
    VANGUARD MID-CAP INDEX FD ADMI 492,136 689,254
    VANGUARD SMALL CAP INDEX FD AD 136,586 227,680
    WCM FOCUSED INTL GROWTH FUNDS 608,480 878,804

    TY 2020 InvestmentsLandSchedule2
    Name:
    The White Horse Group Foundation Inc
    EIN:
    20-0674318
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    144 W CEDAR-LAND 29,881   29,881  
    200 E CYPRESS LAND 65,423   65,423  
    412 S BROAD LAND 65,069   65,069  
    420 S BROAD LAND 40,963   40,963  
    422 S BROAD LAND 41,017   41,017  
    428/430 S BROAD-LD 61,426   61,426  
    525 W STATE LAND 41,202   41,202  
    144 W CEDAR - BLDG 54,754 19,329 35,425  
    144 W CEDAR-IMPROV 52,971 18,707 34,264  
    144 W CEDAR - FURN 583 580 3  
    144 W CEDAR - APPL 3,344 3,321 23  
    144 W CEDAR-LD IMP 4,500 2,913 1,587  
    144 W CEDAR-FL IMP 1,203 1,197 6  
    200 E CYPRESS-BLDG 163,515 59,708 103,807  
    200 E CYPRESS-APPL 366 366    
    200 E CYPRESS-APPL 596 596    
    200 E CYPRESS-CARP 2,000 2,000    
    200 E CYPRESS-DOOR 138 138    
    200 E CYPRESS-GAS 1,500 445 1,055  
    200 E CYPRESS-CARP 1,320 1,320    
    200 E CYPRESS-APPL 666 666    
    200 E CYPRESS-APPL 132 132    
    200 E CYPRESS-APPL 370 352 18  
    200 E CYPRESS-PORC 11,701 1,523 10,178  
    200 E CYPRESS-APPL 1,032 601 431  
    420 S BROAD-BLDG 65,837 23,042 42,795  
    420 S BROAD-IMPROV 1,810 1,114 696  
    422 S BROAD-APPL 543 543    
    428/430 BROAD BLDG 156,963 37,340 119,623  
    428/430 BROAD-APPL 143 143    
    428/430 BROAD-APPL 186 160 26  
    428/430 BROAD-APPL 508 246 262  
    428/430 BROAD-APPL 399 180 219  
    412 S BROAD-BLDG 158,395 29,280 129,115  
    412 S BROAD-IMPROV 4,996 455 4,541  
    412 S BROAD-APPL 350 187 163  
    525 W STATE-BLDG 111,761 35,899 75,862  
    525 W STATE-IMPROV 1,322 412 910  
    525 W STATE-IMPROV 1,892 592 1,300  
    525 W STATE-IMPROV 886,538 284,769 601,769  
    525 W STATE-IMPROV 15,864 15,864    
    525 W STATE-FURNIS 26,426 26,426    
    525 W STATE-F&F 8,660 8,660    
    525 W STATE-SCREEN 1,208 1,208    
    144 W CEDAR-IMPROV 2,300 105 2,195  
    200 E CYPRESS-APPL 581 203 378  
    200 E CYPRESS-CARP 2,360 618 1,742  
    412 S. BROAD-APPL 582 165 417  
    422 S BROAD-BLDG 65,783 23,023 42,760  
    422 S BROAD-IMPROV 1,810 1,114 696  
    DECK 1,192 50 1,142  
    525 W STATE-IMPROV 1,080 335 745  
    500 E CYPRESS LAND 136,759   136,759  
    500 E CYPRESS BLDG 43,298 280 43,018  

    TY 2020 InvestmentsOtherSchedule2
    Name:
    The White Horse Group Foundation Inc
    EIN:
    20-0674318
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LEGACY VENTURE X LLC   29,049 28,673
    LEGACY VENTURES VIII, LLC   722,893 1,349,667
    MISSIONOG PARALLEL FD II, LP   264,941 399,039
    OSAGE UNIVERSITY PARTNERS II,   791,901 958,544
    SEAMARK FUND LP   815,784 3,146,930
    SOVEREIGN'S CAPITAL II, LP   253,628 418,423
    US FARMING REALTY TRUST II, LP   827,565 950,804
    USFRT KINSTON PARTNERS LP   288,459 350,924

    TY 2020 OtherAssetsSchedule
    Name:
    The White Horse Group Foundation Inc
    EIN:
    20-0674318
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PRI LOAN - DEFY VENTURES INC   435,090 435,090


    TY 2020 OtherExpensesSchedule
    Name:
    The White Horse Group Foundation Inc
    EIN:
    20-0674318
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 21,500     21,500
    K-1 Exp LEGACY VENTURE X LLC 951 951    
    K-1 Exp LEGACY VENTURES VIII, 33,171 33,171    
    K-1 Exp MISSIONOG PARALLEL FD 12,307 12,307    
    K-1 Exp OSAGE UNIVERSITY PARTN 20,860 20,860    
    K-1 Exp SEAMARK FUND LP 34,082 34,082    
    K-1 Exp SOVEREIGN'S CAPITAL II 11,517 11,516    
    K-1 Exp US FARMING REALTY TRUS 25      
    K-1 Exp USFRT KINSTON PARTNERS 2      
    State or Local Filing Fees 25     25
    PROPERTY MAINTENANCE & MGMT 156,405 156,405    
    BANK CHARGES 219 219    
    DUES & LICENSES 1,348 1,156   192
    COMPUTER & IT COSTS 1,163     1,163
    BOOKS, SUBSCRIPTIONS, REFERNCE 585     585
    POSTAGE & SHIPPING 376     376
    SUPPLIES AND OTHER 1,990     1,990


    TY 2020 OtherIncomeSchedule2
    Name:
    The White Horse Group Foundation Inc
    EIN:
    20-0674318
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss LEGACY VENTURES VIII, LLC 438 625  
    K-1 Inc/Loss OSAGE UNIVERSITY PARTNERS II, LP 655 655  
    K-1 Inc/Loss SEAMARK FUND LP 558 558  
    K-1 Inc/Loss SOVEREIGN'S CAPITAL II, LP 1,908 1,908  
    K-1 Inc/Loss US FARMING REALTY TRUST II, LP -6,665 -9,262  
    K-1 Inc/Loss USFRT KINSTON PARTNERS LP 9,849 2,682  
    Interest Income - PRI 8,862 8,862 8,862
    INTEREST INCOME - NOTE RECEIVABLE 36,662 36,662  


    TY 2020 OtherLiabilitiesSchedule
    Name:
    The White Horse Group Foundation Inc
    EIN:
    20-0674318
    Description Beginning of Year - Book Value End of Year - Book Value
    SECURITY DEPOSITS 13,762 17,062


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The White Horse Group Foundation Inc
    EIN:
    20-0674318
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 47,616 47,616    
    PROJECT MANAGEMENT SERVICES 369,690     369,690
    PHILANTHROPIC CONSULTING 519,144     519,144
    OFFICE ADMINISTRATION 3,383     3,383


    TY 2020 TaxesSchedule
    Name:
    The White Horse Group Foundation Inc
    EIN:
    20-0674318
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-T Estimated Tax for 2020 1,400      
    990-T Extension for 2019 8,300      
    FOREIGN TAX 3,229 3,229