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
RALPH C SHELDON FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)217 NORTH MAIN STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
JAMESTOWN, NY14701
A Employer identification number

16-6030502
B Telephone number (see instructions)

(716) 664-9890
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$16,148,512J 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) 1,649,600
2 Check bullet.............
3 Interest on savings and temporary cash investments 606 606  
4 Dividends and interest from securities... 245,808 245,808  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 664,415
b Gross sales price for all assets on line 6a 1,684,353
7 Capital gain net income (from Part IV, line 2)... 664,415
8 Net short-term capital gain......... 15,041
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... 0    
12 Total. Add lines 1 through 11........ 2,560,429 910,829 15,041
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 121,000 60,500   60,500
14 Other employee salaries and wages...... 55,575 27,788   27,787
15 Pension plans, employee benefits....... 31,808 15,074   16,734
16a Legal fees (attach schedule)......... 0      
b Accounting fees (attach schedule)....... Click to see attachment 9,038 4,519   4,519
c Other professional fees (attach schedule).... 0      
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 34,683 28,209   6,474
19 Depreciation (attach schedule) and depletion... Click to see attachment 6,745    
20 Occupancy.............. 26,592 13,296   13,296
21 Travel, conferences, and meetings....... 445 223   224
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 17,910 8,953   8,957
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 303,796 158,562   138,491
25 Contributions, gifts, grants paid....... 1,912,030 1,912,030
26 Total expenses and disbursements. Add lines 24 and 25 2,215,826 158,562   2,050,521
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 344,603
b Net investment income (if negative, enter -0-) 752,267
c Adjusted net income (if negative, enter -0-)... 15,041
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 330,987 320,067 320,067
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).....   0  
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet     0  
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)....... 7,852,122 Click to see attachment8,412,655 13,291,435
c Investments—corporate bonds (attach schedule)....... 2,525,200 Click to see attachment2,323,916 2,531,137
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   0  
14 Land, buildings, and equipment: basis bullet108,965
Less: accumulated depreciation (attach schedule) bullet103,092 12,617 Click to see attachment5,873 5,873
15 Other assets (describe bullet) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,720,926 11,062,511 16,148,512
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe bullet) Click to see attachment4,238 Click to see attachment4,631
23 Total liabilities (add lines 17 through 22)......... 4,238 4,631
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........... 10,716,688 11,057,880
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 10,716,688 11,057,880
30 Total liabilities and net assets/fund balances (see instructions). 10,720,926 11,062,511
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
10,716,688
2
Enter amount from Part I, line 27a .....................
2
344,603
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
11,061,291
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3,411
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
11,057,880
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 CAPITAL GAIN DISTRIBUTIONS P 2020-01-01 2020-12-31
b CAPITAL GAIN DISTRIBUTIONS P 2019-12-31 2020-12-31
c PUBLICLY TRADED SECURITIES P 2019-12-31 2020-12-31
d PUBLICLY TRADED SECURITIES P 2020-01-01 2020-12-31
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 15,024 0 0 15,024
b 205,676 0 0 205,676
c 1,453,701 0 1,010,003 443,698
d 9,952 0 9,935 17
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 0 0 0 15,024
b 0 0 0 205,676
c 0 0 0 443,698
d 0 0 0 17
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 2 664,415
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 15,041
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 10,457
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 10,457
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 10,457
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 15,600
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 - Original Return Overpayment: -15600 7 15,600
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 5,143
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet5,143 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)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.RCSHELDONFOUNDATION.ORG
    14
    The books are in care ofbulletLINDA SWANSON EXECUTIVE DIRECTOR Telephone no.bullet (716) 664-9890

    Located atbullet217 NORTH MAIN STREETJAMESTOWNNY ZIP+4bullet14701
    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
    MARK I HAMPTON SECRETARY
    1.00     		0 0 0
    217 NORTH MAIN STREET
    JAMESTOWN,NY14701
    PETER B SULLIVAN VICE-PRESIDENT
    1.00     		0 0 0
    217 NORTH MAIN STREET
    JAMESTOWN,NY14701
    ALEXIS T SINGLETON ASSISTANT TREASURER
    1.00     		0 0 0
    217 NORTH MAIN STREET
    JAMESTOWN,NY14701
    BETSY SHULTS VICE-PRESIDENT
    1.00     		0 0 0
    217 NORTH MAIN STREET
    JAMESTOWN,NY14701
    BARCLAY O WELLMAN DIRECTOR EMERITUS
    1.00     		0 0 0
    217 NORTH MAIN STREET
    JAMESTOWN,NY14701
    KELLY A DAWSON TREASURER
    1.00     		0 0 0
    217 NORTH MAIN STREET
    JAMESTOWN,NY14701
    RAYMOND J FASHANO PRESIDENT
    1.00     		0 0 0
    217 NORTH MAIN STREET
    JAMESTOWN,NY14701
    LINDA SWANSON EXECUTIVE DIRECTOR
    40.00     		121,000 18,712 0
    217 NORTH MAIN STREET
    JAMESTOWN,NY14701
    THOMAS M BECKER VICE-PRESIDENT
    1.00     		0 0 0
    217 NORTH MAIN STREET
    Jamestown,NY14701
    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
    JANETTE SALTER ADMINISTRATIVE ASSIS
    35.00     		55,575 12,266 0
    37 MAPLEVIEW AVENUE
    LAKEWOOD,NY14750
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 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 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    13,886,326
    b
    Average of monthly cash balances.......................
    1b
    8,236
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,894,562
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    13,894,562
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    208,418
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    13,686,144
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    684,307
    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
    684,307
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    10,457
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,457
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    673,850
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    673,850
    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
    673,850
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,050,521
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,050,521
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,050,521
    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 7 673,850
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 370,578
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,050,521
    a Applied to 2019, but not more than line 2a 370,578
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		1,536,501
    d Applied to 2020 distributable amount..... 143,442
    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 1,536,501
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		530,408
    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) .......     		1,536,501
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    LINDA SWANSON
    217 NORTH MAIN STREET
    JAMESTOWN,NY14701
    (716) 664-9890
    bThe form in which applications should be submitted and information and materials they should include:
    See the following web address http://www.chautauquagrants.org/
    cAny submission deadlines:
    See the following web address http://www.chautauquagrants.org/
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GEOGRAPHICAL, SOUTHERN CHAUTAUQUA COUNTY, NEW YORK
    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
    ALLEGHENY HIGHLANDS COUNCIL INC
    50 HOUGH HILL RD
    FALCONER,NY14733     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 500
    AMERICAN RED CROSS OF WNY
    50 HOUGH HILL RD
    FALCONER,NY14733     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 1,500
    AUDUBON COMMUNITY NATURE CENTER
    1600 RIVERSIDE RD
    JAMESTOWN,NY14701     		  501(C)(3) SKY ROOM IMPROVEMENTSE.D. DISC. GRANT FOR 2020 DAY CAMPDIRECTOR/STAFF UNRESTRICTED GRANTS 18,750
    BEMUS POINT UNITED METHODIST CHURCH
    PO BOX 99
    BEMUS POINT,NY14712     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS(ROYAL FAMILY KIDS CAMP) 500
    BUFFALO-TORONTO PUBLIC MEDIA
    PO BOX 1263
    BUFFALO,NY142401263     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 300
    CAMP GROSS FOUNDATION INC
    8175 ROUTE 60 NORTH
    CASSADAGA,NY14718     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 250
    CASA OF CHAUTAUQUA COUNTY
    2 ACADEMY ST STE 5
    MAYVILLE,NY14757     		  501(C)(3) GENERAL OPERATING 10,000
    CHAUTAUQUA ADULT DAY CARE CENTERS
    358 EAST FIFTH ST
    JAMESTOWN,NY14701     		  501(C)(3) E.D. DISC. GRANT FOR MATCH TOWARDS THEPURCHASE OF A NEW WHEELCHAIR BUS 2,500
    CHAUTAUQUA AREA HABITAT FOR HUMANITY
    C/O BLB 16 W MAIN ST
    FREDONIA,NY14063     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 500
    CHAUTAUQUA CO HUMANE SOCIETY
    2825 STRUNK ROAD
    JAMESTOWN,NY14701     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 1,800
    CHAUT HOME REHAB & IMPROVEMENT CORP (CHRIC)
    2 ACADEMY ST
    MAYVILLE,NY14757     		  501(C)(3) UPDATE COMPUTER WORKSTATIONS 23,292
    CHAUTAUQUA HOSPICE & PALLIATIVE CARE
    20 W FAIRMOUNT AVE
    LAKEWOOD,NY14750     		  501(C)(3) HOSPICE HOUSEDIRECTOR/STAFF UNRESTRICTED GRANTS 103,000
    CHAUTAUQUA INSTITUTION
    PO BOX 28
    CHAUTAUQUA,NY14722     		  501(C)(3) ANNUAL FUND DRIVEDIRECTOR/STAFF UNRESTRICTED GRANTS 43,000
    CHAUT LAKE & WATERSHED MGMT ALLIANCE
    201 W THIRD ST STE 115
    JAMESTOWN,NY14701     		  501(C)(3) 2020 LAKE & WATERSHED PROJECTSUPDATE OF MULTI-CRITERIA ANALYSIS TOOLDIRECTOR/STAFF UNRESTRICTED GRANTS 340,400
    CHAUTAUQUA LAKE ASSOCIATION INC
    429 EAST TERRACE AVE
    LAKEWOOD,NY14750     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 2,000
    CHAUTAUQUA LAKE PARTNERSHIP INC
    C/O 4429 LAKESIDE DR
    BEMUS PT,NY14712     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 500
    CHAUTAUQUA RAILS TO TRAILS INC
    PO BOX 151
    MAYVILLE,NY14757     		  501(C)(3) E.D. DISC. - TRAILHEAD SIGNS 2,110
    CHAUTAUQUA REGION COMMUNITY FOUNDATION
    418 SPRING ST
    JAMESTOWN,NY14701     		  501(C)(3) E.D. DISC. - CWP CONTRACT WITH CRCFDIRECTOR/STAFF UNRESTRICTED GRANTS 5,000
    CHAUTAUQUA REGIONAL YOUTH BALLET
    21 E THIRD ST 3RD FLOOR
    JAMESTOWN,NY14701     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 500
    CHAUTAUQUA REGIONAL YOUTH SYMPHONY
    PO BOX 3454
    JAMESTOWN,NY147023454     		  501(C)(3) E.D. DISC. GRANT FOR DIRECTOR HONORARIUM 2,000
    CHAUTAUQUA SPORTS HALL OF FAME
    PO BOX 1192
    JAMESTOWN,NY147021192     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 250
    CHAUTAUQUA STRIDERS
    301 E SECOND ST STE 102
    JAMESTOWN,NY14701     		  501(C)(3) PROGRAM SUPPORTDIRECTOR/STAFF UNRESTRICTED GRANTS 66,000
    CHAUTAUQUA WATERSHED CONSERVANCY
    413 NORTH MAIN ST
    JAMESTOWN,NY14701     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 500
    COMMUNITY HELPING HANDS INC
    31 WATER ST
    JAMESTOWN,NY14701     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 500
    CORNELL COOPERATIVE EXTENSION
    525 FALCONER STREET
    JAMESTOWN,NY14701     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 500
    CRECHE INC
    C/O TREAS 300 MAPLECREST
    LAKEWOOD,NY14750     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 1,000
    EXPONENT PHILANTHROPY
    1720 N STREET NW
    WASHINGTON,DC20036     		  501(C)(3) 2020 MEMBERSHIP DUES 765
    FEEDMORE WNY
    100 JAMES E CASEY DR
    BUFFALO,NY14206     		  501(C)(3) OPERATING SUPPORT FOR SCC FACILITY 10,000
    FENTON HISTORY CENTER
    67 WASHINGTON ST
    JAMESTOWN,NY14701     		  501(C)(3) OPERATING SUPPORTDIRECTOR/STAFF UNRESTRICTED GRANTSE.D. DISC. - BOOKKEEPING ASSISTANCE 16,950
    FIRST PRESBYTERIAN CHURCH
    509 PRENDERGAST AVE
    JAMESTOWN,NY14701     		  501(C)(3) SCHOLARSHIPS - A CHILDREN'S PLACE 10,000
    FRIENDS OF CHILD ADVOCACY PROGRAM
    405 W THIRD ST
    JAMESTOWN,NY14701     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 1,500
    HEALTHY COMMUNITY ALLIANCE INC
    1 SCHOOL ST
    GOWANDA,NY14070     		  501(C)(3) CSART INITIATIVE IN CHAUTAUQUA CO. 15,000
    INFINITY PERFORMING ARTS PROGRAM INC
    301 E SECOND ST STE 101
    JAMESTOWN,NY14701     		  501(C)(3) OPERATING & PROGRAM EXPENSESDIRECTOR/STAFF UNRESTRICTED GRANTS 61,000
    ROBERT H JACKSON CENTER
    305 E FOURTH ST
    JAMESTOWN,NY14701     		  501(C)(3) NEW EXTERIOR LOBBY WINDOWSDIRECTOR/STAFF UNRESTRICTED GRANTS 7,200
    JAMESTOWN BOYS & GIRLS CLUB
    62 ALLEN STREET
    JAMESTOWN,NY14701     		  501(C)(3) PROGRAM SUPPORTDIRECTOR/STAFF UNRESTRICTED GRANTS 36,000
    JAMESTOWN CENTER CITY DEVELOPMENT CORP
    319 W THIRD ST
    JAMESTOWN,NY14701     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 750
    JAMESTOWN COMMUNITY COLLEGE FOUNDATION
    525 FALCONER ST
    JAMESTOWN,NY14701     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 300
    JAMESTOWN COMMUNITY COLLEGE
    525 FALCONER ST
    JAMESTOWN,NY14701     		  501(C)(3) ARTS & SCIENCE BLDG. RENOVATIONSRENOVATIONS FOR MUSIC DEPARTMENT 275,000
    JAMESTOWN COMMUNITY LEARNING COUNCIL
    PO BOX 129
    JAMESTOWN,NY14702     		  501(C)(3) PROGRAM SUPPORT 70,000
    JAMESTOWN RENAISSANCE CORP
    119-21 W THIRD STREET
    JAMESTOWN,NY14701     		  501(C)(3) OPERATING SUPPORT 30,000
    KIDNEY CONNECTION INC
    C/O 748 HARDING AVE
    JAMESTOWN,NY14701     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 250
    LAKEWOOD MEMORIAL LIBRARY
    12 W SUMMIT ST
    LAKEWOOD,NY14750     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 750
    LAWSON BOATING HERITAGE CENTER
    73 LAKESIDE DR
    BEMUS PT,NY14712     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 500
    LUCILLE BALL LITTLE THEATRE OF JAMESTOWN
    18-24 E SECOND ST
    JAMESTOWN,NY14701     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 1,000
    LUTHERAN SOCIAL SERVICES FOUNDATION
    715 FALCONER ST
    JAMESTOWN,NY14701     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 300
    MEALS ON WHEELS OF THE JAMESTOWN AREA
    PO BOX 56
    JAMESTOWN,NY147020056     		  501(C)(3) 3 YR. VAN REPLACEMENT PROJECTDIRECTOR/STAFF UNRESTRICTED GRANTS 28,300
    MENTAL HEALTH ASSOCIATION IN CHAUT CO
    31 WATER ST STE 7
    JAMESTOWN,NY14701     		  501(C)(3) OPERATING SUPPORTDIRECTOR/STAFF UNRESTRICTED GRANTSE.D. DISC. - NYCON CAMP FINANCE 101,250
    NATIONAL COMEDY CENTER
    2 W THIRD ST
    JAMESTOWN,NY14701     		  501(C)(3) OPERATIONS, MARKETING & DEV. SUPPORTDIRECTOR/STAFF UNRESTRICTED GRANTS 27,250
    NY FUNDERS ALLIANCE
    431 E FAYETTE ST
    SYRACUSE,NY13202     		  501(C)(3) 2020 MEMBERSHIP DUESE.D. DISC. - CATCHAFIRE PILOT IN SCC 4,863
    JAMES PRENDERGAST LIBRARY ASSOCIATION
    509 CHERRY ST
    JAMESTOWN,NY14701     		  501(C)(3) OPERATING SUPPORTDIRECTOR/STAFF UNRESTRICTED GRANTS 73,000
    ONE HUNDRED MEMBER CLUB
    PO BOX 704
    JAMESTOWN,NY14702     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 500
    REG LENNA CENTER FOR THE ARTS
    116 E THIRD ST
    JAMESTOWN,NY14701     		  501(C)(3) OPERATING SUPPORTDIRECTOR/STAFF UNRESTRICTED GRANTS 52,000
    ROGER TORY PETERSON INSTITUTE
    311 CURTIS ST
    JAMESTOWN,NY14701     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 400
    ST LUKE'S EPISCOPAL CHURCH
    410 N MAIN ST
    JAMESTOWN,NY14701     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS(PUBLIC & MOBILE MARKETS) 500
    SAINT SUSAN CENTER
    PO BOX 1276
    JAMESTOWN,NY147021276     		  501(C)(3) 2020 PANTRY MANAGER/BOX TRUCKDIRECTOR/STAFF UNRESTRICTED GRANTS 25,050
    SEA LION PROJECT
    PO BOX 339
    BEMUS POINT,NY14712     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS(BEMUS PT./STOW FERRY) 1,500
    THE RELIEF ZONE INC
    5 FREW RUN RD
    FREWSBURG,NY14738     		  501(C)(3) OPERATING/PROGRAM EXPENSES 16,000
    THE SALVATION ARMY
    83 S MAIN ST
    JAMESTOWN,NY14701     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 7,800
    TOYS FOR TOTS
    C/O TRC 200 DUNHAM AVE
    JAMESTOWN,NY14701     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 250
    UNITED CHRISTIAN ADVOCACY NETWORK (UCAN)
    7 WEST FIRST ST
    JAMESTOWN,NY14701     		  501(C)(3) CITY MISSIONDIRECTOR/STAFF UNRESTRICTED GRANTS 25,750
    UNITED WAY OF SOUTHERN CHAUT CO
    208 PINE ST
    JAMESTOWN,NY14701     		  501(C)(3) 2020 CAMPAIGNCC COMMUNITY RESPONSE FUND: COVID-19DIRECTOR/STAFF UNRESTRICTED GRANTS 235,500
    WCA HOSPITAL FOUNDATION
    207 FOOTE AVE
    JAMESTOWN,NY14701     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS 500
    WORKFORCE INVESTMENT BOARD (WIB)
    4 E THIRD ST
    JAMESTOWN,NY14701     		  501(C)(3) HEALTHCARE TALENT PIPELINE PROGRAM 7,000
    YMCA
    101 E FOURTH ST
    JAMESTOWN,NY14701     		  501(C)(3) YOUTH PROGRAMSDIRECTOR/STAFF UNRESTRICTED GRANTS 81,500
    YWCA
    401 NORTH MAIN ST
    JAMESTOWN,NY14701     		  501(C)(3) TEAM CHILD CARE PROGRAM SUPERVISED VISITATION PROGRAMDIRECTOR'S UNRESTRICTED GRANT 58,200
    ZION COVENANT CHURCH
    520 FAIRMOUNT AVE
    JAMESTOWN,NY14701     		  501(C)(3) DIRECTOR/STAFF UNRESTRICTED GRANTS(MINISTER'S DISCRETIONARY FUND) 500
    Total .................................bullet 3a 1,912,030
    bApproved for future payment
    AUDUBON COMMUNITY NATURE CENTER
    1600 RIVERSIDE RD
    JAMESTOWN,NY14701     		  501 (C) (3) STAFF SUPPORT AND SUCCESSION STRATEGIES 15,000
    CHAUTAUQUA HOSPICE & PALLIATIVE CARE
    20 W FAIRMOUNT AVE
    LAKEWOOD,NY14750     		  501 (C) (3) HOSPICE HOUSE 50,000
    MEALS ON WHEELS OF THE JAMESTOWN AREA
    3045 FLUVANNA AVE
    JAMESTOWN,NY14701     		  501 (C) (3) VEHICLE REPLACEMENT PROJECT 55,000
    THE RELIEF ZONE INC
    5 FREW RUN ROAD
    FREWSBURG,NY14738     		  501 (C) (3) OPERATING SUPPORT 20,000
    Total .................................bullet 3b 140,000
    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 ...........     		    14 606  
    4 Dividends and interest from securities....     14 245,808  
    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 ............     		    18 664,415  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMISCELLANEOUS INCOME     		         
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   910,829  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    910,829
    (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.)
    11A CLASS ACTION LAWSUIT REVENUE
    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:  
    Part VI Line 7 -Original Return Overpayment: -15,600


    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
    RALPH C SHELDON FOUNDATION INC
     
    Employer identification number

    16-6030502
    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
    RALPH C SHELDON FOUNDATION INC
          		Employer identification number
    16-6030502
    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
    ISABELLA M SHELDON TRUST US 6848
     
    C/O JP MORGAN SERVICES 1 CHASE SQUA
     
    ROCHESTER, NY14623

    		$ 1,649,600


    (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
    RALPH C SHELDON FOUNDATION INC
          		Employer identification number

    16-6030502
    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
    RALPH C SHELDON FOUNDATION INC
          		Employer identification number

    16-6030502
    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:
    RALPH C SHELDON FOUNDATION INC
    EIN:
    16-6030502
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BAHGAT & LAURITO-BAHGAT, CPAS AUDITING 8,500      
    INTUIT PAYROLL 538      

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

    TY 2020 DepreciationSchedule
    Name:
    RALPH C SHELDON FOUNDATION INC
    EIN:
    16-6030502
    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
    TYPEWRITER 1986-11-25 940 940 SL 5.000000000000 0      
    FILE 1995-06-01 202 202 SL 5.000000000000 0      
    ALARM SYSTEM 1998-06-01 660 660 SL 5.000000000000 0      
    FIREPROOF CABINET 2005-06-23 1,035 1,035 SL 5.000000000000 0      
    FURNITURE & FIXTURES 2011-04-01 36,179 36,179 SL 7.000000000000 0      
    NEW OFFICE RENOVATIONS 2011-04-01 19,449 16,532 SL 10.000000000000 1,945      
    LEASEHOLD IMPROVEMENTS 2011-04-01 50,500 40,800 SL 10.000000000000 4,800      

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

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    RALPH C SHELDON FOUNDATION INC
    EIN:
    16-6030502
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    VANGUARD INFLATION-PROTECTED SECURITIES FUND ADMIRAL SHARES, VAIPX 2010-01 Purchased 2020-05   208,630 196,278     12,352  
    VANGUARD INTERMEDIATE-TERM BOND INDEX FUND ADMIRAL SHARES, VBILX   Purchased 2020-05   313,000 285,860     27,140  
    VANGUARD EQUITY-INCOME FUND ADMIRAL SHARES, VEIRX 2010-01 Purchased 2020-01   18,417 11,918     6,499  
        Purchased                
    VANGUARD 500 INDEX FUND ADMIRAL SHARES, VFIAX 1901-01 Purchased 2020-01   111,898 47,119     64,779  
    VANGUARD GROWTH AND INCOME FUND ADMIRAL SHARES, VGIAX   Purchased 2020-01   35,185 21,556     13,629  
    VANGUARD GLOBAL CAPITAL CYCLES FUND INVESTOR SHARES, VGPMX 2016-02 Purchased 2020-01   919 869     50  
    VANGUARD REAL ESTATE INDEX FUND ADMIRAL SHARES, VGSLX   Purchased 2020-01   10,909 6,741     4,168  
    VANGUARD MID-CAP INDEX FUND ADMIRAL SHARES, VIMAX 1901-01 Purchased 2020-01   29,668 16,710     12,958  
    VANGUARD MID-CAP GROWTH INDEX FUND ADMIRAL SHARES, VMGMX 2020-05 Purchased 2020-05   5,137 5,102     35  
    VANGUARD MID-CAP GROWTH FUND INVESTOR SHARES, VMGRX 2019-08 Purchased 2020-01   4,815 4,833     -18  
    VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND ADMIRAL SHARES, VTIAX 2009-01 Purchased 2020-01   15,220 11,785     3,435  
    VANGUARD HIGH-YIELD CORPORATE FUND ADMIRAL SHARES, VWEAX 2014-11 Purchased 2020-05   18,450 20,281     -1,831  
    VANGUARD INTERNATIONAL GROWTH FUND ADMIRAL SHARES, VWILX   Purchased     664,636 369,831     294,805  
    VANGUARD SHORT TERM CAPITAL GAIN DISTRIBUTION         15,024       15,024  
    VANGUARD LONG TERM CAPITAL GAIN DISTRIBUTION         205,676       205,676  
    VANGUARD EXPLORER FUND ADMIRAL SHARES, VEXRX   Purchased 2020-01   26,769 21,055     5,714  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    RALPH C SHELDON FOUNDATION INC
    EIN:
    16-6030502
    Name of Bond End of Year Book Value End of Year Fair Market Value
    147,974.470 SHS INTERMEDIATE-TERM BOND INDEX FUND VANGUARD 1,661,338 1,866,103
    110,794.051 SHS HIGH YIELD CORP FUND VANGUARD 662,578 665,034

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    RALPH C SHELDON FOUNDATION INC
    EIN:
    16-6030502
    Name of Stock End of Year Book Value End of Year Fair Market Value
    9,536.409 SHS EQUITY INCOME FUND VANGUARD 511,464 756,530
    7,871.291 SHS EXPLORER FUND VANGUARD 642,109 942,351
    8,558.710 SHS GROWTH AND INCOME ADM VANGUARD 481,611 802,122
    44,747.016 SHS INFLATION PROTECT VANGUARD 1,141,304 1,267,235
    11,652.455 SHS INTERNATIONAL GROWTH VANGUARD 913,517 1,867,772
    5,375.497 SHS MID CAP INDEX FUND VANGUARD 718,950 1,378,278
    35,334.059 SHS GLOBAL CAPITAL CYCLES FUND VANGUARD 277,199 337,794
    3,713.889 SHS REIT INDEX FUND VANGUARD 304,997 447,078
    57,093.534 SHS TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD 1,451,968 1,853,256
    6,942.722 SHS 500 INDEX FUND VANGUARD 930,547 2,406,139
    36,758.497 SHS MID - CAP GROWTH FUND VANGUARD 1,038,989 1,232,880

    TY 2020 LandEtcSchedule2
    Name:
    RALPH C SHELDON FOUNDATION INC
    EIN:
    16-6030502
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    TYPEWRITER 940 940 0  
    FILE 202 202 0  
    ALARM SYSTEM 660 660 0  
    FIREPROOF CABINET 1,035 1,035 0  
    FURNITURE & FIXTURES 36,179 36,179 0  
    ARTWORK 2,500 0 2,500  
    NEW OFFICE RENOVATIONS 19,449 18,476 973  
    LEASEHOLD IMPROVEMENTS 48,000 45,600 2,400  


    TY 2020 OtherDecreasesSchedule
    Name:
    RALPH C SHELDON FOUNDATION INC
    EIN:
    16-6030502
    Description Amount
    FMV ADJUSTMENT REIT 3,411


    TY 2020 OtherExpensesSchedule
    Name:
    RALPH C SHELDON FOUNDATION INC
    EIN:
    16-6030502
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES & SUBSCRIPTIONS 1,050 525   525
    INSURANCE 4,157 2,078   2,079
    MISCELLANEOUS 402 201   201
    POSTAGE & SUPPLIES 726 363   363
    REPAIRS & MAINTENANCE 2,638 1,319   1,319
    PUBLIC RELATIONS 469 234   235
    OFFICE EXPENSE 8,431 4,215   4,216
    BANK FEE 37 18   19


    TY 2020 OtherLiabilitiesSchedule
    Name:
    RALPH C SHELDON FOUNDATION INC
    EIN:
    16-6030502
    Description Beginning of Year - Book Value End of Year - Book Value
    TAXES WITHHELD/PAYABLE 4,238 4,631


    TY 2020 TaxesSchedule
    Name:
    RALPH C SHELDON FOUNDATION INC
    EIN:
    16-6030502
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NYS ANNUAL FEE 775 775    
    PAYROLL TAXES 12,948 6,474   6,474
    FEDERAL EXCISE TAX 20,960 20,960