Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE GITLIN FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)270 COMMERCE DRIVE Room 101
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FORT WASHINGTON, PA19034
A Employer identification number

25-6645244
B Telephone number (see instructions)

(215) 572-7400
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$31,880,593J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 817,386 817,386  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 39,296,399
b Less: Cost of goods sold.... 42,582,709
c Gross profit or (loss) (attach schedule)..... Click to see attachment -3,286,310  
11 Other income (attach schedule)....... Click to see attachment 2,155 2,155  
12 Total. Add lines 1 through 11........ -2,466,769 819,541  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
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 10,945 10,945    
c Other professional fees (attach schedule)....        
17 Interest............... 9      
18 Taxes (attach schedule) (see instructions)... Click to see attachment 13,880 13,880    
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 2,570      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 27,404 24,825   0
25 Contributions, gifts, grants paid....... 1,975,000 1,975,000
26 Total expenses and disbursements. Add lines 24 and 25 2,002,404 24,825   1,975,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,469,173
b Net investment income (if negative, enter -0-) 794,716
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............. 5,481 7,280 7,280
2 Savings and temporary cash investments......... 412,505 5,098,937 5,098,937
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.......... 11,160 10,500 10,500
10a Investments—U.S. and state government obligations (attach schedule) 602,526 453,595 453,595
b Investments—corporate stock (attach schedule)....... 33,621,505 Click to see attachment22,629,994 22,629,994
c Investments—corporate bonds (attach schedule)....... 2,302,038 Click to see attachment3,295,499 3,295,493
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 372,504 Click to see attachment384,794 384,794
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) 37,327,719 31,880,599 31,880,593
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 37,327,719 31,880,599
29 Total net assets or fund balances (see instructions)..... 37,327,719 31,880,599
30 Total liabilities and net assets/fund balances (see instructions). 37,327,719 31,880,599
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
37,327,719
2
Enter amount from Part I, line 27a .....................
2
-4,469,173
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
32,858,546
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
977,947
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
31,880,599
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.)
1a
b
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
b
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
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  
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 11,047
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 11,047
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 11,047
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 14,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 14000 7 14,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,953
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet2,953 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletPA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
    Yes
     
    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 ofbulletAmy E Gitlin Telephone no.bullet (267) 558-2006

    Located atbullet270 Commerce Dr Suite 101Fort WashingtonPA ZIP+4bullet19034
    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
     
    No
    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
    Harvey S Gitlin Director
    002.00     		0    
    270 Commerce Dr
    Ft Washington,PA19034
    Amy E Gitlin Treas/Director
    001.00     		0    
    270 Commerce Dr
    Ft Washington,PA19034
    Michelle Gitlin Goldstein Pres/Director
    000.25     		0    
    270 Commerce Dr
    Ft Washington,PA19034
    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
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 N/A 0
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    29,708,682
    b
    Average of monthly cash balances.......................
    1b
    3,490,309
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    33,198,991
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    33,198,991
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    497,985
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    32,701,006
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,635,050
    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
    1,635,050
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    11,047
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    11,047
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,624,003
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,624,003
    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
    1,624,003
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 Click to see attachment..........
    1a
    1,975,000
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,975,000
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,975,000
    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 1,624,003
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 1,728,611
    b Total for prior years:20, 20, 20  
    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$ 1,975,000
    a Applied to 2019, but not more than line 2a 1,728,611
    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..... 246,389
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		1,377,614
    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 ......     		 
    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....  
    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).)
    Harvey S Gitlin
    Amy E Gitlin
    Michelle G Goldstein
    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
    Fox Chase Cancer Center
    333 Cottman Avenue
    Philadelphia,PA19111     		  PC Kidney Research 300,000
    Abington Health Foundation
    1200 Old York Road
    Abington,PA19001     		  PC Support of Abington-Jefferson Hospital 150,000
    Temple Health Foundation
    PO Box 827651
    Philadelphia,PA19182     		  PC Lung caner research 300,000
    Congregation Beth Or
    239 Welsh Road
    Maple Glen,PA19002     		  PC General Fund Contribution 100,000
    Jewish Relief Agency
    225 E City Avenue
    Bala Cynwyd,PA19004     		  PC Support for Israel 100,000
    Fox Chace Cancer Center
    333 Cottman Avenue
    Philadelphia,PA19111     		  PC Matching Fund 50,000
    Jewish Federation of Greater Philadelphia
    PO Box 95000
    Philadelphia,PA19195     		  PC Jewish Day School ER Fund 25,000
    Rubyes Kids
    453 Johnson St
    Jenkintown,PA19046     		  PC Support for initive to help children 50,000
    Gift of Life
    401 Callowhill Street
    Philadelphia,PA19123     		  PC Support for Organ Donation 25,000
    Steven M Perez Foundation
    205 E 63rd Street
    New York,NY10065     		  PC Help for people affected by leukemia 25,000
    Deborah Hospital Foundation
    212 Trenton Road
    Browns Mills,NJ08015     		  PC Hospital Support 25,000
    Philabundance
    3616 S Galloway Street
    Philadelphia,PA19148     		  PC Support for Hunger Assistance 100,000
    University of PA School of Veterinary Medicine
    3800 Spruce Street
    Philadelphia,PA19104     		  PC Research 25,000
    Toys for Tots
    18251 Quantico Gateway Drive
    Triangle,VA22172     		  PC Support for Poor Children 20,000
    ALS Hope Foundation
    PO Box 40777
    Philadelphia,PA19107     		  PC Medical research 12,000
    Doctors Without Borders
    40 Rector Street
    New York,NY10006     		  PC Support for Intl Medical Programs 10,000
    Congregation Beth Or
    239 Welsh Road
    Maple Glen,PA19002     		  PC Security Fund 30,000
    Congregation Beth Or
    239 Welsh Road
    Maple Glen,PA19002     		  PC Disaster Fund 50,000
    Congregation Beth Or
    239 Welsh Road
    Maple Glen,PA19002     		  PC General Fund 100,000
    Direct Reliew
    6100 Wallace Bucknell Rd
    Santa Barbara,CA93117     		  PC CA Wildfire Relief 5,000
    Looking out for kids - Salus Univeristy
    8360 Old York Road
    Elkins Park,PA19027     		  PC Support of Poor Children 5,000
    Cheyenne River Youth Project
    PO Box 410
    Eagle Butte,SD57625     		  PC Support to helo children 2,000
    Abington Health Foundation
    1200 Old York Road
    Abington,PA19001     		  PC Pediatric Support Emergency Fund 100,000
    Mighty Writers
    1501 Christian St/
    Philadelphia,PA19146     		  PC Teaching children to think and write with clarity 15,000
    Habitat for Humanity International
    PO Box 1167
    Americus,GA31709     		  PC Housing support for poor 5,000
    Hope4Leo
    241 Iona Avenue
    Narberth,PA19072     		  PC Autism support 20,000
    Families Forward
    111 N 49th St
    Philadelphia,PA19139     		  PC Support for Social Service Organization 30,000
    Mothers Home
    51 N McDade Blvd
    Darby,PA19023     		  PC Resident shelter for pregnant women 5,000
    Make-a-Wish
    PO Box 97104
    Washington,DC20090     		  PC Support for sick children 5,000
    World Wildlife Fund
    PO Box 97180
    Washington,DC20090     		  PC Support for wldlife 1,000
    Our Lady of Hope
    5200 North Broad Street
    Philadelphia,PA19141     		  PC Support for faith education 10,000
    University of PA School of Veterinary Medicine
    3800 Spruce St
    Philadelphia,PA19004     		  PC Clinical Care 25,000
    American Frieds of Mogan David
    57 Marshall Drive
    Edison,NJ08817     		  PC Ambulance Fund 50,000
    Joyful Gathering Spiritual Center
    925 Larkspur Place
    Mt Laurel,NJ07054     		  PC Support of spiritual community 15,000
    The Philadelpiha Orchestra
    1 S Broad Street
    Philadelphia,PA19107     		  PC Support of Cultural Organization 5,000
    Jack M Barrack Hebrew Academy
    272 S Bryn Mawr Avenue
    Bryn Mawr,PA19010     		  PC Support of Religous Education 25,000
    St Jude Parish
    321 W Butler Avenue
    Chalfont,PA18914     		  PC Support of Religous Education 10,000
    Ronald McDonald House Charities
    3925 Chestnut Street
    Philadelphia,PA19104     		  PC Support for Sick Children 10,000
    Perelman Jewish Day School
    49 Haverford Avenue
    Wynnewood,PA19096     		  PC Support for Education 25,000
    JAFCO
    3 Bala Plaza
    Bala Cynwyd,PA19004     		  PC Support Abused and Neglected Children 25,000
    The Mann Center for Performing Arts
    123 S Broad Street
    Philadelphia,PA19109     		  PC Support of Cultural Organization 75,000
    Jewish Federation of Greater Philadelphia
    2100 Arch Street
    Philadelphia,PA19103     		  PC Community Support 10,000
    Total .................................bullet 3a 1,975,000
    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 ...........     		         
    4 Dividends and interest from securities....     14 817,386  
    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 -3,286,310  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aRoyalties and Other Income     		    14 2,155  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   -2,466,769  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -2,466,769
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID: 20011406
    Software Version: 20.0.2.0
    Part VI Line 7 - Tax Paid with the Original Return: 14,000


    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 GITLIN FAMILY FOUNDATION
     
    Employer identification number

    25-6645244
    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 GITLIN FAMILY FOUNDATION
          		Employer identification number
    25-6645244
    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
    Harvey S Gitlin
    270 Commerce Dr Suite 101
     
    Ft Washington, PA19034

    		$ 0


    (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 GITLIN FAMILY FOUNDATION
          		Employer identification number

    25-6645244
    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 GITLIN FAMILY FOUNDATION
          		Employer identification number

    25-6645244
    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: 20011406
    Software Version: 20.0.2.0

    TY 2020 AccountingFeesSchedule
    Name:
    THE GITLIN FAMILY FOUNDATION
    EIN:
    25-6645244
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Cunningham, Carey Phillips 10,945 10,945    

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE GITLIN FAMILY FOUNDATION
    EIN:
    25-6645244
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    50,000 J.C. PENNEY CO INC. HLDG SR UNSECURED 5.65 2020-06-01 15 15
    50,000 FERRELLGAS PARTNERS LP SR UNSECURE 8.63 2020-06-15 13,500 13,500
    50,000 CHESAPEAKE ENERGY CORP COMPANY 6.13 2021-02-15 2,250 2,250
    100,000 GENERAL ELEC CAP CORP INTERNOTES 5.60 2022-02-15 104,771 104,771
    200,000 CENTURYLINK INC SR UNSECURED 6.75 2023-12-01 222,750 222,750
    100,000 GE CAPITAL CORP INTERNOTES MEDIUM 4.00 2023-12-15 107,728 107,728
    25,000 PACTIV CORP DEBENTURES 7.95 2025-12-15 28,625 28,625
    100,000 DISCOVER FINANCIAL SVS MEDIUM TERM 4.10 2026-03-15 105,649 105,649
    100,000 ATT INC SR UNSECURED 4.80 2044-06-15 124,697 124,691
    85,000 AVON PRODUCTS INC 7.00 2023-03-15 91,902 91,902
    200,000 FORD MOTOR CREDIT CO LLC 4.39 2026-01-08 209,936 209,936
    200,000 GENERAL MOTORS FINL CORP 4.35 2027-01-17 227,598 227,598
    200,000 BRISTOL-MYERS SQUIBB 3.25 2027-02-27 225,986 225,986
    200,000 QUALCOMM INC. 3.25 2027-05-20 226,926 226,926
    200,000 AMGEN INC. 3.20 2027-11-02 224,466 224,466
    29,000 GENERAL ELEC CAP CORP INTERNOTES 5.00 2027-12-15 32,749 32,749
    100,000 LINCOLN NATIONAL CORP. 3.80 2028-03-01 115,638 115,638
    46,000 GENERAL ELEC CAP CORP INTERNOTES 4.25 2028-09-15 50,544 50,544
    25,000 GENERAL ELEC CAP CORP INTERNOTES 5.00 2029-01-15 27,999 27,999
    100,000 Simon Property Group 2.50 2021-07-15 100,600 100,600
    100,000 The Goldman Sachs Group 5.25 2021-07-27 102,747 102,747
    100,000 American Express 3.70 2021-11-05 102,500 102,500
    100,000 Morgan Stanley 2.63 2021-11-17 101,938 101,938
    100,000 Wells Fargo Co. 3.50 2022-03-08 103,719 103,719
    100,000 Bank of America 3.50 2023-01-11 105,994 105,994
    100,000 JPMorganchase 3.38 2023-05-01 106,777 106,777
    100,000 Lowes Corp. 2.63 2023-05-15 104,617 104,617
    100,000 PSEG Power LLC 3.39 2023-06-01 107,368 107,368
    100,000 Eaton Vance Corp. 3.63 2023-06-15 107,621 107,621
    100,000 Shell International 3.40 2023-08-12 107,889 107,889

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE GITLIN FAMILY FOUNDATION
    EIN:
    25-6645244
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    5000 shares of ALTRIA GROUP INC MO 205,000 205,000
    1000 shares of PHILIP MORRIS INTERNATIONAL INC PM 82,790 82,790
    7000 shares of WELLS FARGO CO 5.2 PFD 183,260 183,260
    100000 shares of ATT INC. COM 2,876,000 2,876,000
    1000 shares of Amazon. Com Inc. 3,256,930 3,256,930
    10000 shares of Apple Inc. 1,326,900 1,326,900
    1000 shares of Citigroup Inc. New 61,660 61,660
    3000 shares of CVS Health Corporation 204,900 204,900
    3000 shares of Draftkings Inc. Cl. A 46,560 46,560
    50000 shares of Glaxosmithkline PLC - ADR 1,840,000 1,840,000
    2000 shares of LAS VEGAS SANDS CORP 119,200 119,200
    500 shares of Netflix Com Inc. 270,365 270,365
    1000 shares of Pepsico Incorporated 148,300 148,300
    15000 shares of Pfizer Inc. 552,150 552,150
    2000 shares of Raytheon Technologies Corp. 143,020 143,020
    3152093 shares of Fidelity Funds Treasury Only 3,152,083 3,152,083
    8000 shares of Doubleline Income Solutions Fund 132,640 132,640
    40000 shares of Western Assets Hi Income Opport. Fund 198,000 198,000
    40000 shares of ATT Inc. 1,150,400 1,150,400
    500 shares of Amazon.Com Inc. 1,628,465 1,628,465
    3000 shares of Apple Inc. Com 398,070 398,070
    5000 shares of Bank of America Corp. 151,550 151,550
    2000 shares of Facebook Inc. Class A 546,320 546,320
    5000 shares of General Electric Co. Com 54,000 54,000
    15000 shares of Glaxosmithkline ADR 552,000 552,000
    1000 shares of Microsoft Corp. 222,420 222,420
    500 shares of Netflix Com Inc. 270,365 270,365
    2000 shares of Pfizer Inc. 73,620 73,620
    300 shares of Shopify Inc. Com 339,585 339,585
    248 shares of Viatris Inc. 4,648 4,648
    5000 shares of Walmart Inc. 720,750 720,750
    10364 shares of ATT 298,081 298,081
    804 shares of Microsoft Corp. 178,848 178,848
    1000 shares of Netflix Com Inc. 540,730 540,730
    500 shares of Nvidia Corp. 261,265 261,265
    1007 shares of Pepsico Incorporated 149,389 149,389
    3059 shares of Pfizer Inc. 112,602 112,602
    100 shares of Royalty Pharma PLC 50,050 50,050
    2043 shares of Verizon Communications 120,032 120,032
    376 shares of Viatriz Inc. 7,046 7,046

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE GITLIN FAMILY FOUNDATION
    EIN:
    25-6645244
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    STATE BANK OF INDIA CD FMV 110,089 110,089
    CITIBANK NA CD FMV 274,705 274,705

    TY 2020 LegalFeesSchedule
    Name:
    THE GITLIN FAMILY FOUNDATION
    EIN:
    25-6645244
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes


    TY 2020 OtherDecreasesSchedule
    Name:
    THE GITLIN FAMILY FOUNDATION
    EIN:
    25-6645244
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Amount
    Unrealized Loss on valuation of securities 977,947


    TY 2020 OtherExpensesSchedule
    Name:
    THE GITLIN FAMILY FOUNDATION
    EIN:
    25-6645244
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Broker Fees 2,570      


    TY 2020 OtherIncomeSchedule2
    Name:
    THE GITLIN FAMILY FOUNDATION
    EIN:
    25-6645244
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Royalty Income WF 820 820  
    Other Income 1,335 1,335  


    TY 2020 SalesOfInventoryList 
    Name:
    THE GITLIN FAMILY FOUNDATION
    EIN:
    25-6645244
    Software ID:
    20011406
    Software Version:
    20.0.2.0

    Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
    Cost of Goods Sold)
      39,296,399 42,582,709 -3,286,310

    TY 2020 SubstantialContributorsSch
    Name:
    THE GITLIN FAMILY FOUNDATION
    EIN:
    25-6645244
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Name Address
    Harvey S Gitlin 270 Commerce Dr Suite 101
    Fort Washington,PA19034
    Amy E Gitlin 1723 Benjamin Dr
    Ambler,PA19002
    Michelle Gitlin Goldstein 850 S Penn Rd
    Ambler,PA19002


    TY 2020 TaxesSchedule
    Name:
    THE GITLIN FAMILY FOUNDATION
    EIN:
    25-6645244
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tax on investment income 990PF 13,852 13,852    
    Foreign tax paid on investment income 28 28