TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
ROBERT S AND LOUISE S KAHN FOUNDATION
C/O ROBERT J LALLY

Number and street (or P.O. box number if mail is not delivered to street address)5700 CORPORATE DRIVE STE 800
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA15237

A Employer identification number

31-1810008

B Telephone number (see instructions)

(412) 367-8190

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$16,897,944J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	337,762		337,762
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		30,687
b	Gross sales price for all assets on line 6a 3,275,193
7	Capital gain net income (from Part IV, line 2)...			30,687
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		138	138
12	Total. Add lines 1 through 11........	368,587		368,587
13	Compensation of officers, directors, trustees, etc.	24,400		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		19,050	0	9,525
c	Other professional fees (attach schedule)....		91,470	91,470	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		3,906	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		89	0	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	138,915		91,470	9,525
25	Contributions, gifts, grants paid.......	736,060			736,060
26	Total expenses and disbursements. Add lines 24 and 25	874,975		91,470	745,585
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-506,388
b	Net investment income (if negative, enter -0-)			277,117
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	79,411	697,181	697,181
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	13,820,732	12,696,574	16,200,763
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	13,900,143	13,393,755	16,897,944
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	13,900,143	13,393,755
	29	Total net assets or fund balances (see instructions).....	13,900,143	13,393,755
	30	Total liabilities and net assets/fund balances (see instructions).	13,900,143	13,393,755

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

13,900,143

Enter amount from Part I, line 27a .....................

-506,388

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

13,393,755

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

13,393,755

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	BLACKSTONE MTG TR	P	2019-01-01	2020-02-21
b	SCHWAB SHORT-TERM BOND INDEX FUND:	P	2020-01-01	2020-03-09
c	VIRTUS SEIX US GOVT SEC ULTRA SHORT BO I	P	2020-01-01	2020-03-18
d	EXXON MOBIL CORP: XOM	P	2020-01-01	2020-03-24
e	VANGUARD INTERM TERM INVESTMENT	P	2019-01-01	2020-02-28
	VANGUARD INTERM TERM INVESTMENT	P	2019-01-01	2020-03-04
	VANGUARD INTERM TERM INVESTMENT	P	2019-01-01	2020-03-04
	SCHWAB SHORT-TERM BOND INDEX FUND:	P	2019-01-01	2020-03-09
	VANGUARD TOTAL BOND MKT INDEX	P	2019-01-01	2020-03-12
	VANGUARD SHORT TERM BOND INDEX FUND	P	2019-01-01	2020-03-16
	TORTOISE ENERGY INFRASTR	P	2019-01-01	2020-03-18
	TORTOISE ENERGY INFRASTR	P	2019-01-01	2020-03-19
	VANGUARD SHORT TERM BOND INDEX FUND	P	2019-01-01	2020-03-23
	VANGUARD INTRNTNL HGH DIV YLD ETF IV	P	2020-01-01	2020-04-08
	CHEVRON CORP:	P	2020-03-24	2020-05-01
	VANGUARD S&P 500 ETF	P	2020-01-01	2020-05-15
	SCHWAB TOTAL STOCK MKT INDEX	P	2019-12-20	2020-05-26
	ISHARES CORE S&P 500	P	2019-01-01	2020-05-15
	ISHARES CORE S&P 500	P	2019-01-01	2020-05-18
	SCHWAB TOTAL STOCK MKT INDEX	P	2019-01-01	2020-05-26
	CISCO SYSTEMS INC:	P	2020-03-13	2020-06-05
	PNC FINL SERVICES	P	2020-03-26	2020-06-05
	ISHARES CORE S&P 500	P	2018-12-18	2020-05-29
	VANGUARD TOTAL STOCK	P	2020-02-27	2020-06-29
	VANGUARD TOTAL INTERNTL	P	2019-01-01	2020-06-29
	VANGUARD TOTAL STOCK	P	2017-05-12	2020-09-29
	PFIZER INC:	P	2020-03-16	2020-08-06
	SCHWAB US BROAD MARKET ETF	P	2019-01-01	2020-08-06
	VANGUARD INTERM-TERM INVESTMENT	P	2017-10-06	2020-09-02
	VANGUARD TOTAL BOND MARKET INDEX	P	2019-01-01	2020-09-02
	VANGUARD S&P 500 ETF:	P	2020-03-12	2020-11-09
	ISHARES RUSSELL 1000	P	2020-03-09	2020-11-19
	VANGUARD S&P 500 ETF	P	2020-03-12	2020-11-19
	VANGUARD TOTAL BOND MARKET INDEX ADM	P	2019-01-01	2020-11-03
	VANGUARD TOTAL STOCK MARKET ETF	P	2019-01-01	2020-11-09
	ISHARES RUSSELL 1000	P	2018-12-27	2020-11-19
	VANGUARD TOTAL INTERNTL STOCK ETF IV	P	2019-01-01	2020-05-26
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	96,673	74,720	21,953
b	55,386	53,385	2,001
c	275,000	275,829	-829
d	22,967	25,000	-2,033
e	174,985	164,782	10,203
	299,985	280,317	19,668
	149,985	146,589	3,396
	161,085	155,265	5,820
	139,985	132,562	7,423
	149,985	146,492	3,493
	11,449	203,011	-191,562
	4,308	62,188	-57,880
	49,986	49,243	743
	116,884	149,952	-33,068
	29,987	21,845	8,142
	69,885	62,926	6,959
	2,824	2,335	489
	89,981	84,278	5,703
	69,966	60,735	9,231
	146,479	121,130	25,349
	34,885	24,988	9,897
	36,226	26,949	9,277
	28,627	24,089	4,538
	65,400	65,526	-126
	29,980	33,854	-3,874
	34,542	27,627	6,915
	34,033	27,491	6,542
	80,025	57,728	22,297
	99,985	91,252	8,733
	199,985	183,067	16,918
	50,083	35,359	14,724
	68,603	52,875	15,728
	29,893	21,169	8,724
	149,985	139,125	10,860
	39,997	26,705	13,292
	112,460	75,050	37,410
	49,981	59,068	-9,087
	12,718		12,718

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			21,953
b			2,001
c			-829
d			-2,033
e			10,203
			19,668
			3,396
			5,820
			7,423
			3,493
			-191,562
			-57,880
			743
			-33,068
			8,142
			6,959
			489
			5,703
			9,231
			25,349
			9,897
			9,277
			4,538
			-126
			-3,874
			6,915
			6,542
			22,297
			8,733
			16,918
			14,724
			15,728
			8,724
			10,860
			13,292
			37,410
			-9,087
			12,718

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	30,687
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 ...................		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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	3,852
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	3,852
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	3,852
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	3,600
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	3,600
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	252
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

ROBERT J LALLY CPA Telephone no. bullet

(412) 367-8190

Located at bullet

5700 CORPORATE DR STE 800PITTSBURGHPA ZIP+4 bullet

15237

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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-)
ROGER ROBLE	TREASURER 0.00	0
2200 GEORGETOWNE DRIVE SUITE 200 SEWICKLEY,PA15143	TREASURER 0.00	0
ROBERT J LALLY	PRESIDENT 0.00	0
5700 CORPORATE DRIVE SUITE 800 PITTSBURGH,PA15237	PRESIDENT 0.00	0
AMY L LALLY	VICE PRESIDENT 10.00	24,400
5700 CORPORATE DRIVE SUITE 800 PITTSBURGH,PA15237	VICE PRESIDENT 10.00	24,400

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

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............. 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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

14,712,466

Average of monthly cash balances.......................

555,609

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

15,268,075

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

15,268,075

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

229,021

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

15,039,054

Minimum investment return. Enter 5% of line 5..................

751,953

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.)

Minimum investment return from Part X, line 6....................

751,953

Tax on investment income for 2020 from Part VI, line 5......

3,852

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

3,852

Distributable amount before adjustments. Subtract line 2c from line 1............

748,101

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

748,101

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

748,101

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

745,585

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

745,585

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

745,585

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)

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				748,101
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......			719,520
b Total for prior years:20, 20, 20		0
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........	0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 745,585
a Applied to 2019, but not more than line 2a			719,520
b Applied to undistributed income of prior years (Election required—see instructions).....		0
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2020 distributable amount.....				26,065
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2020.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........				722,036
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...	0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....
e Excess from 2020....

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

THE ROBERT S AND LOUISE S KAHN FOUN
C/O LALLY CO LLC 5700 CORPORATE DR
STE 800
PITTSBURGH,PA15237
(412) 367-8190

bThe form in which applications should be submitted and information and materials they should include:

GRANT APPLICATIONS SHOULD BE SUBMITTED TO THE KAHN FOUNDATION AND INCLUDE THE FOLLOWING INFORMATION: PART I INFORMATION ABOUT THE APPLICANT 1. STATE OR COMMONWEALTH THE NONPROFIT IS ORGANIZED UNDER 2. IRS DETERMINATION LETTER 3. PROPOSED BUDGET, APPLICANT'S PURPOSES AND ACTIVITIES 4. CONTROLLED OR RELATED TO ANOTHER ORGANIZATION 5. BOARD OF DIRECTORS LIST 6. RECEIVED A GRANT FROM THIS FOUNDATION IN THE PAST PART II USE OF THE PROPOSED GRANT 7. AMOUNT REQUESTED AND DETAIL OF HOW IT WILL BE USED 8. PERSON TO CONTACT WHO ADMINSTERS THE PROPOSED PROGRAM SIGNATURE AND DATE

cAny submission deadlines:

NO SUBMISSION DEADLINES

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

TO ADVANCE SUPPORT AND PROMOTE ACTIVITIES WHICH SERVE RELIGIOUS, CHARITABLE, SCIENTIFIC, TESTING FOR PUBLIC SAFETY, LITERARY, AND EDUCATIONAL PURPOSES, FOSTERING NATIONAL AND INTERNATIONAL AMATEUR SPORTS COMPETITION, AND THE PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS, ALL WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986.

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ALPHA OMEGA CENTER PO BOX 7734 NEW CASTLE,PA16107	NONE	PUBLIC CHARITY	GENERAL FUNDS	10,000
ALS ASSOCATION OF WESTERN PA 416 LINCOLN AVE PITTSBURGH,PA15209	NONE	PUBLIC CHARITY	GENERAL FUNDS	60,000
ANCHORPOINT COUNSELING MINISTRY 800 MCKNIGHT PARK DRIVE STE 802 PITTSBURGH,PA15237	NONE	PUBLIC CHARITY	GENERAL FUNDS	5,000
CHILDREN'S HOSPITAL OF PITTSBURGH FOUNDATION ONE CHILDRENS HOSPITAL DRIVE CENTRAL PLANT FLOOR 3 4401 PENN AVE PITTSBURGH,PA15224	NONE	PUBLIC CHARITY	GENERAL FUNDS	200,000
GREATER PITTSBURGH COMMUNINTY FOODBANK 1 NORTH LINDEN STREET DUQUESNE,PA15110	NONE	PUBLIC CHARITY	GENERAL FUNDS	56,060
HEARTH 3724 MT ROYAL BLVD SUITE 101 GLENSHAW,PA15116	NONE	PUBLIC CHARITY	GENERAL FUNDS	15,000
HOLY SPIRIT ACADEMY 915 S JEFFERSON STREET NEW CASTLE,PA16101	NONE	PUBLIC CHARITY	GENERAL FUNDS	60,000
LAUGHLIN CHILDREN'S CENTER 424 FREDERICK AVENUE SEWICKLEY,PA15143	NONE	PUBLIC CHARITY	GENERAL FUNDS	50,000
NATIONAL AVIARY 700 ARCH ST PITTSBURGH,PA15212	NONE	PUBLIC CHARITY	GENERAL FUNDS	25,000
PENNSYLVANIA WOMEN WORK 650 SMITHFIELD STREET SUITE 520 PITTSBURGH,PA15222	NONE	PUBLIC CHARITY	GENERAL FUNDS	50,000
RAINBOWS END YOUTH SERVICES 105 FAIRVIEW ST ST MOUNT JOY,PA17552	NONE	PUBLIC CHARITY	GENERAL FUNDS	5,000
READING IS FUNDAMENTAL PITTSBURGH 10 CHILDRENS WAY STE 300 PITTSBURGH,PA15222	NONE	PUBLIC CHARITY	GENERAL FUNDS	5,000
SHEPHERD'S HEART FELLOWSHIP & MINSTRIES 13 PRIDE STREET PITTSBURGH,PA15219	NONE	PUBLIC CHARITY	GENERAL FUNDS	20,000
SCHWAB CHARITABLE FUND 1958 SUMMIT PARK DRIVE STE 200 ORLANDO,FL32810	NONE	PUBLIC CHARITY	GENERAL FUNDS	50,000
SISTERS PLACE 418 MITCHELL AVENUE CLAIRTON,PA15025	NONE	PUBLIC CHARITY	GENERAL FUNDS	35,000
ST ANTHONY SCHOOL PROGRAMS 2000 CORPORATE DR STE 580 WEXFORD,PA15090	NONE	PUBLIC CHARITY	GENERAL FUNDS	60,000
THE CHILDREN'S HEART FOUNDATION PO BOX 244 LINCOLNSHIRE,IL60069	NONE	PUBLIC CHARITY	GENERAL FUNDS	25,000
THE SALVATION ARMY 700 NORTH BELL AVE CARNEGIE,PA15106	NONE	PUBLIC CHARITY	GENERAL FUNDS	5,000
Total ................................. 3a				736,060

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	337,762
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.....			14	138
8 Gain or (loss) from sales of assets other than inventory ............			18	30,687
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		368,587	0

13Total. Add line 12, columns (b), (d), and (e)..................

368,587

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

ROBERT S AND LOUISE S KAHN FOUNDATION

C/O ROBERT J LALLY

EIN:

31-1810008

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	19,050	0		9,525

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

ROBERT S AND LOUISE S KAHN FOUNDATION

C/O ROBERT J LALLY

EIN:

31-1810008

Name of Stock	End of Year Book Value	End of Year Fair Market Value
MARKETABLE SECURITIES - BOOK AT COST BASIS	12,696,574	16,200,763

- TIN:

TY 2020 OtherExpensesSchedule

Name:

ROBERT S AND LOUISE S KAHN FOUNDATION

C/O ROBERT J LALLY

EIN:

31-1810008

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
MISCELLANEOUS	89	0		0

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

ROBERT S AND LOUISE S KAHN FOUNDATION

C/O ROBERT J LALLY

EIN:

31-1810008

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
NON-DIVIDEND DISTRIBUTIONS	138	138	138

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

ROBERT S AND LOUISE S KAHN FOUNDATION

C/O ROBERT J LALLY

EIN:

31-1810008

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
SCHWAB ADVISOR FEES	91,470	91,470		0

- TIN:

TY 2020 TaxesSchedule

Name:

ROBERT S AND LOUISE S KAHN FOUNDATION

C/O ROBERT J LALLY

EIN:

31-1810008

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL TAXES	3,891	0		0
PA REGISTRATION	15	0		0