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
DIRLAM CHARITABLE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)265 FRANKLIN ST BOS-301
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02110
A Employer identification number

27-4846838
B Telephone number (see instructions)

(781) 581-4292
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$641,110J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 11,255 11,200  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 36,327
b Gross sales price for all assets on line 6a 279,337
7 Capital gain net income (from Part IV, line 2)... 36,327
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 47,582 47,527  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,476 738   738
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 900 450 0 450
c Other professional fees (attach schedule).... Click to see attachment 7,565 3,783   3,783
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 170 105   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 35     35
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 10,146 5,076 0 5,006
25 Contributions, gifts, grants paid....... 22,000 22,000
26 Total expenses and disbursements. Add lines 24 and 25 32,146 5,076 0 27,006
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 15,436
b Net investment income (if negative, enter -0-) 42,451
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments.........   34,006 34,006
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 455,696 Click to see attachment436,572 607,104
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 455,696 470,578 641,110
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 455,696 470,578
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)..... 455,696 470,578
30 Total liabilities and net assets/fund balances (see instructions). 455,696 470,578
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
455,696
2
Enter amount from Part I, line 27a .....................
2
15,436
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
95
4
Add lines 1, 2, and 3 ..........................
4
471,227
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
649
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
470,578
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 2. AT & T INC   2019-01-08 2020-01-15
b 4. ABBOTT LABORATORIES INC   2018-02-28 2020-01-15
c 2. ABBOTT LABORATORIES INC   2018-02-28 2020-12-11
d 7. ADOBE INC.   2017-01-09 2020-01-15
e 4. ADOBE INC.   2017-01-09 2020-08-27
1. AIR PRODUCTS & CHEMICALS   2018-08-01 2020-01-15
1. AIR PRODUCTS & CHEMICALS   2018-08-01 2020-12-11
28. ALBEMARLE CORP   2019-03-01 2020-04-28
8. ALBEMARLE CORP   2020-01-15 2020-04-28
7. ALLSTATE CORP   2016-03-02 2020-01-15
11. ALLSTATE CORP   2016-03-02 2020-04-28
2. ALLSTATE CORP   2016-03-02 2020-12-11
1. ALPHABET, INC. CL A   2012-03-09 2020-01-15
1. AMAZON.COM, INC   2016-10-11 2020-01-15
2. AMERICAN ELEC POWER CO   2020-10-16 2020-12-11
13. ANALOG DEVICES   2013-12-10 2020-01-15
1. ANALOG DEVICES   2013-12-10 2020-12-11
4. APPLE INC   2013-11-14 2020-01-15
4. APPLE INC   2013-11-14 2020-12-11
2. APPLIED MATERIALS   2020-04-28 2020-12-11
14.612 BAILLE GIFFORD EMERGING MARKETS EQUITIES   2020-03-03 2020-12-11
25.973 BAILLE GIFFORD INTERNATIONAL GROWTH FUND   2020-03-16 2020-12-11
29.654 BMO TCH CORPORATE INCOME FUND   2019-01-08 2020-12-11
6. BOEING CO   2019-04-02 2020-01-15
1. BROADCOM INC   2018-03-29 2020-12-11
9. BURLINGTON STORES, INC.   2018-10-17 2020-01-15
1. BURLINGTON STORES, INC.   2018-10-17 2020-12-11
2. CVS HEALTH CORP HEALTH CORPORATION   2020-01-15 2020-08-25
53. CVS HEALTH CORP HEALTH CORPORATION   2017-11-14 2020-08-25
5. CARRIER GLOBAL CORP   2020-01-15 2020-04-14
37. CARRIER GLOBAL CORP   2019-01-08 2020-04-14
11. CHEVRON CORP   2014-03-07 2020-01-15
7. COMCAST CORP NEW CL A   2016-09-14 2020-01-15
3. COMCAST CORP NEW CL A   2016-09-14 2020-12-11
20. CONOCOPHILLIPS   2014-11-06 2020-01-15
13. COSTCO WHOLESALE CORP, NEW   2017-06-19 2020-01-15
1. CROWN CASTLE INTERNATIONAL CORP   2019-04-23 2020-12-11
5. DANAHER CORP   2017-06-12 2020-01-15
4. DANAHER CORP   2017-06-12 2020-04-28
8. DANAHER CORP   2017-06-12 2020-06-16
1. DANAHER CORP   2017-06-12 2020-12-11
121. ELANCO ANIMAL HEALTH   2019-03-06 2020-01-15
1. FACEBOOK CL A   2016-01-20 2020-12-11
1. FEDEX CORPORATION   2020-10-01 2020-12-11
1. GLOBAL PAYMENTS INC   2020-01-15 2020-12-11
29.051 GUGGENHEIM HIGH YIELD FUND   2020-04-03 2020-12-11
4. HOME DEPOT INC   2013-09-17 2020-01-15
1. HOME DEPOT INC   2013-09-17 2020-12-11
1. HONEYWELL INT'L INC.   2012-05-02 2020-01-15
31. HONEYWELL INT'L INC.   2013-03-13 2020-10-01
1. ILLINOIS TOOL WORKS   2020-06-05 2020-12-11
.942 INGERSOLL RAND INC   2019-08-13 2020-03-05
22. INGERSOLL RAND INC   2019-08-13 2020-03-06
5. INTERCONTEXCHANGE GROUP INC   2019-03-25 2020-01-15
26. INVESCO BULLETSHARES 2020 CORPORATE BOND   2020-01-15 2020-12-11
813. INVESCO BULLETSHARES 2020 CORPORATE BOND   2020-01-15 2020-12-22
25. INVESCO BULLETSHARES 2028 CORPORATE BOND   2020-01-15 2020-12-11
543. INVESCO BULLETSHARES 2021 CORPORATE BOND   2016-01-20 2020-01-15
26. INVESCO BULLETSHARES 2021 CORPORATE BOND   2016-01-20 2020-12-11
26. INVESCO BULLETSHARES 2027 CORPORATE BOND   2020-01-15 2020-12-11
27. INVESCO BULLETSHARES 2026 CORPORATE BOND   2020-01-15 2020-12-11
554. INVESCO BULLETSHARES 2025 CORPORATE BOND   2019-01-08 2020-01-15
26. INVESCO BULLETSHARES 2025 CORPORATE BOND   2019-01-08 2020-12-11
552. INVESCO BULLETSHARES 2024 CORPORATE BOND   2018-01-09 2020-01-15
26. INVESCO BULLETSHARES 2024 CORPORATE BOND   2018-01-09 2020-12-11
553. INVESCO BULLETSHARES 2023 CORPORATE BOND   2017-01-09 2020-01-15
26. INVESCO BULLETSHARES 2023 CORPORATE BOND   2017-01-09 2020-12-11
548. INVESCO BULLETSHARES 2022 CORPORATE BOND   2016-01-20 2020-01-15
26. INVESCO BULLETSHARES 2022 CORPORATE BOND   2016-01-20 2020-12-11
1. IQVIA HOLDINGS INC   2020-01-15 2020-12-11
7. I SHARES MSCI EMERGING MKT INDEX   2018-01-09 2020-12-11
49. I SHARES BARCLAYS 7-10 YR TREAS   2018-01-09 2020-01-15
96. I SHARES BARCLAYS 7-10 YR TREAS   2019-01-08 2020-07-22
159. I SHARES BARCLAYS 1-3 YR TR BD   2019-05-14 2020-01-15
1. I SHARES RUSSELL MIDCAP GROWTH   2020-01-15 2020-12-11
2. I SHARES RUSSELL 1000 INDEX FUND   2020-04-15 2020-12-11
19. I SHARES RUSSELL 2000 TRUST   2019-01-08 2020-01-15
1. I SHARES RUSSELL 2000 TRUST   2019-01-08 2020-12-11
37. I SHARES BARCLAYS 3-7 YR T   2019-04-01 2020-01-15
85. I SHARES BARCLAYS 3-7 YR T   2019-04-01 2020-04-15
109. ISHARES A RATED CORPORATE BOND ETF   2019-01-08 2020-01-15
3. J P MORGAN CHASE & CO   2015-06-08 2020-12-11
5. JOHNSON & JOHNSON   2012-03-09 2020-01-15
4. MCDONALD'S CORP   2018-02-20 2020-01-15
1. MCDONALD'S CORP   2018-02-20 2020-12-11
4. MERCK & CO INC. NEW   2011-09-02 2020-01-15
2. MERCK & CO INC. NEW   2011-09-02 2020-12-11
9. MICROSOFT   2019-04-17 2020-01-15
2. MICROSOFT   2019-04-17 2020-12-11
3. MOTOROLA SOLUTIONS, INC.   2019-01-08 2020-01-15
1. MOTOROLA SOLUTIONS, INC.   2019-01-08 2020-12-11
2. NEXTERA ENERGY INC   2017-07-19 2020-01-15
21. NEXTERA ENERGY INC   2019-01-08 2020-10-16
1. NORTHROP GRUMMAN   2017-11-21 2020-01-15
2.5 OTIS WORLDWIDE CORP   2020-01-15 2020-04-14
18.5 OTIS WORLDWIDE CORP   2019-01-08 2020-04-14
1. PEPSICO INC   2018-11-15 2020-01-15
1. PEPSICO INC   2018-11-15 2020-12-11
3. PHILLIPS 66   2019-01-08 2020-01-15
24.226 PRINCIPAL PREFERRED SECURITIES FUND   2020-04-03 2020-12-11
3. PROCTER & GAMBLE CO   2012-03-09 2020-01-15
2. RAYTHEON TECHNOLOGIES CORP   2018-05-31 2020-12-11
21. SPDR S&P 500 ETF TRUST   2018-10-24 2020-04-01
3. SPDR S&P 500 ETF TRUST   2018-10-24 2020-06-05
13. SPDR S&P 500 ETF TRUST   2020-01-15 2020-06-05
16. SPDR MSCI ACWI EX-US ETF   2017-01-09 2020-01-15
398. SPDR MSCI ACWI EX-US ETF   2018-01-09 2020-03-02
12. SPDR MSCI ACWI EX-US ETF   2018-01-09 2020-12-11
14. SPDR PORTFOLIO INT TERM CORP BD ETF   2020-01-15 2020-12-11
408. SPDR PORTFOLIO MORTGAGE BACKED BND FD   2020-01-15 2020-03-31
3. SPDR S&P BIOTECH   2018-10-24 2020-01-15
2. SPDR S&P BIOTECH   2018-10-24 2020-12-11
15. SALESFORCE.COM   2014-04-08 2020-01-15
6. SALESFORCE.COM   2014-04-08 2020-08-27
1. SALESFORCE.COM   2014-04-08 2020-12-11
6. CHARLES SCHWAB   2020-01-15 2020-04-28
99. CHARLES SCHWAB   2019-01-08 2020-04-28
2. SPDR INDUSTRIAL SELECT   2020-06-05 2020-12-11
2. SPDR TECHNOLOGY IDX   2020-04-01 2020-12-11
1. STRYKER CORP   2020-08-25 2020-12-11
1. SYSCO CORP   2017-08-15 2020-01-15
2. SYSCO CORP   2017-08-15 2020-12-11
1. ULTA BEAUTY, INC.   2020-01-15 2020-12-11
2. UNITEDHEALTH GROUP, INC   2018-01-09 2020-01-15
1. UNITEDHEALTH GROUP, INC   2018-01-09 2020-12-11
73. VANGUARD SHORT TERM BOND ETF   2019-01-08 2020-01-15
194. VANGUARD EMERGING MARKETS ETF   2019-01-08 2020-03-02
35. VANGUARD EMERGING MARKETS ETF   2020-01-15 2020-03-02
5. VISA, INC   2012-03-09 2020-01-15
1. VISA, INC   2012-03-09 2020-12-11
7. WALMART, INC.   2019-01-08 2020-04-28
169. WISDOMTREE EMERGING MKTS SM CAP DIV   2019-04-23 2020-01-15
8. XCEL ENERGY, INC.   2012-03-09 2020-01-15
12. XCEL ENERGY, INC.   2012-03-09 2020-06-05
20. XCEL ENERGY, INC.   2012-03-09 2020-06-16
3. EATON CORP PLC   2017-10-31 2020-01-15
1. INGERSOLL RAND PLC   2019-08-13 2020-01-15
31. TRANE TECHNOLOGIES PLC   2020-03-06 2020-06-05
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(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 76   63 13
b 348   244 104
c 214   122 92
d 2,423   760 1,663
e 2,047   434 1,613
236   162 74
267   162 105
1,797   2,563 -766
513   640 -127
797   457 340
1,138   719 419
209   131 78
1,436   303 1,133
1,874   830 1,044
165   183 -18
1,530   637 893
141   49 92
1,257   301 956
487   75 412
175   102 73
399   288 111
592   286 306
430   368 62
1,989   2,363 -374
405   236 169
2,025   1,422 603
230   158 72
127   149 -22
3,355   4,166 -811
69   127 -58
512   744 -232
1,273   1,297 -24
325   228 97
153   98 55
1,294   1,421 -127
3,905   1,918 1,987
156   122 34
808   420 388
664   336 328
1,397   672 725
223   84 139
3,699   3,579 120
274   91 183
289   257 32
192   194 -2
255   216 39
893   304 589
264   76 188
182   58 124
5,066   2,087 2,979
204   183 21
27   29 -2
571   674 -103
472   368 104
550   555 -5
17,237   17,352 -115
585   556 29
11,525   11,213 312
552   537 15
577   550 27
588   559 29
11,894   10,953 941
584   514 70
11,853   11,498 355
579   542 37
11,775   11,414 361
567   537 30
11,769   11,200 569
567   531 36
167   160 7
356   343 13
5,463   5,264 199
11,737   9,990 1,747
13,464   13,380 84
100   158 -58
414   304 110
3,180   2,684 496
190   141 49
4,674   4,534 140
11,338   10,417 921
5,978   5,479 499
359   202 157
734   325 409
835   634 201
207   158 49
363   130 233
166   65 101
1,473   1,090 383
424   242 182
508   356 152
169   119 50
499   283 216
6,419   3,225 3,194
378   304 74
112   194 -82
830   1,135 -305
138   117 21
145   117 28
316   275 41
253   216 37
377   201 176
147   145 2
5,170   5,646 -476
960   807 153
4,162   4,275 -113
416   343 73
9,300   9,285 15
328   322 6
517   497 20
10,832   10,714 118
290   238 52
284   158 126
2,729   827 1,902
1,624   331 1,293
221   55 166
224   285 -61
3,695   4,391 -696
178   151 27
248   155 93
232   189 43
83   52 31
153   103 50
265   279 -14
588   450 138
336   225 111
5,891   5,734 157
7,909   7,641 268
1,427   1,593 -166
986   147 839
206   29 177
899   666 233
8,093   8,183 -90
513   213 300
789   320 469
1,275   533 742
282   233 49
131   120 11
3,193   2,966 227
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
      1,944
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       13
b       104
c       92
d       1,663
e       1,613
      74
      105
      -766
      -127
      340
      419
      78
      1,133
      1,044
      -18
      893
      92
      956
      412
      73
      111
      306
      62
      -374
      169
      603
      72
      -22
      -811
      -58
      -232
      -24
      97
      55
      -127
      1,987
      34
      388
      328
      725
      139
      120
      183
      32
      -2
      39
      589
      188
      124
      2,979
      21
      -2
      -103
      104
      -5
      -115
      29
      312
      15
      27
      29
      941
      70
      355
      37
      361
      30
      569
      36
      7
      13
      199
      1,747
      84
      -58
      110
      496
      49
      140
      921
      499
      157
      409
      201
      49
      233
      101
      383
      182
      152
      50
      216
      3,194
      74
      -82
      -305
      21
      28
      41
      37
      176
      2
      -476
      153
      -113
      73
      15
      6
      20
      118
      52
      126
      1,902
      1,293
      166
      -61
      -696
      27
      93
      43
      31
      50
      -14
      138
      111
      157
      268
      -166
      839
      177
      233
      -90
      300
      469
      742
      49
      11
      227
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 36,327
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 590
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........................... 3 590
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- ..... 5 590
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a  
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 9
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 599
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 RefundedBullet 11 0
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)
    bulletMA
    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 addressbullet  
    14
    The books are in care ofbulletEASTERN BANK Telephone no.bullet (781) 581-4292

    Located atbullet265 FRANKLIN ST BOS-301BOSTONMA ZIP+4bullet02110
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    EASTERN BANK TRUSTEE
    2     		1,476    
    265 FRANKLIN ST BOS-301
    BOSTON,MA02110
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 NONE  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    589,544
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    589,544
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    589,544
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    8,843
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    580,701
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    29,035
    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
    29,035
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    590
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    590
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    28,445
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    28,445
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    28,445
    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
    27,006
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    27,006
    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
    27,006
    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 28,445
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 21,261
    b Total for prior years:20, 20, 20 0
    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$ 27,006
    a Applied to 2019, but not more than line 2a 21,261
    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..... 5,745
    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 ..........     		22,700
    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.... 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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ST ANDREW'S EPISCOPAL CHURCH
    135 LAFAYETTE STREET
    Marblehead,MA01945     		NONE NONE CHARITABLE 2,000
    WENTWORTH INSTITUTE OF TECHNOLOGY
    550 HUNTINGTON AVENUE
    BOSTON,MA02115     		NONE NONE SCHOLARSHIP 10,000
    OLD NORTH CHURCH
    8 STACEY STREET
    Marblehead,MA01945     		NONE NONE RELIGIOUS 2,000
    FIRST CONGREGATIONAL CHURCH OF
    SWAMPSCOTT
    40 MONUMENT AVE
    Swampscott,MA01907     		NONE NONE CHARITABLE 2,000
    GRACE COMMUNITY CHURCH
    17 PLEASANT STREET
    MARBLEHEAD,MA01945     		NONE NONE CHARITABLE 2,000
    Town of Marblehead Cemetery
    294 WEST SHORE DRIVE
    Marblehead,MA01945     		NONE NONE GENERAL PURPOSE 2,000
    ST STEPHEN'S UNITED METHODIST
    Church
    67 CORNELL ROAD
    Marblehead,MA01945     		NONE NONE CHARITABLE 2,000
    Total .................................bullet 3a 22,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 11,255  
    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 36,327  
    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)..   47,582  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    47,582
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    DIRLAM CHARITABLE FOUNDATION
    EIN:
    27-4846838
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 900 450   450

    TY 2020 InvestmentsOtherSchedule2
    Name:
    DIRLAM CHARITABLE FOUNDATION
    EIN:
    27-4846838
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES INC AT COST 3,302 5,912
    ADOBE INC AT COST 1,194 5,501
    AIR PRODUCTS & CHEMICALS AT COST 3,463 5,738
    ALBEMARLE CORP      
    ALLSTATE CORP AT COST 3,466 5,387
    ALPHABET, INC. CL A AT COST 3,755 10,516
    ALPHABET, INC. CL C AT COST 1,079 3,504
    AMAZON.COM, INC AT COST 4,292 16,285
    ANALOG DEVICES AT COST 1,442 4,136
    APPLE INC AT COST 2,598 18,046
    AT & T INC AT COST 3,126 2,876
    BLACKROCK INC. AT COST 3,734 7,215
    BMO TCH CORPORATE INCOME FUND AT COST 12,010 13,510
    BOEING CO      
    BROADCOM INC AT COST 4,623 8,757
    BURLINGTON STORES, INC. AT COST 2,483 4,185
    CHARLES SCHWAB      
    CHEVRON CORP AT COST 3,344 2,702
    COMCAST CORP NEW CL A AT COST 3,324 5,345
    CONOCOPHILLIPS AT COST 3,255 2,199
    COSTCO WHOLESALE CORP, NEW      
    CROWN CASTLE INTERNATIONAL COR AT COST 4,074 5,094
    CVS HEALTH CORP HEALTH CORPORA      
    DANAHER CORP AT COST 2,196 5,776
    EATON CORP PLC AT COST 3,481 5,166
    ELANCO ANIMAL HEALTH      
    FACEBOOK CL A AT COST 4,713 10,107
    FEDERATED GOV'T OBLIGATION TAX      
    FEDERATED GOV'T OBLIGATION TAX      
    HOME DEPOT INC AT COST 1,522 5,312
    HONEYWELL INT'L INC      
    I SHARES BARCLAYS 1-3 YR TR BD      
    I SHARES BARCLAYS 3-7 YR T      
    I SHARES BARCLAYS 7-10 YR TREA      
    I SHARES MSCI EMERGING MKT IND AT COST 10,610 11,419
    I SHARES RUSSELL 2000 TRUST AT COST 5,792 8,038
    INGERSOLL RAND PLC      
    INTERCONTEXCHANGE GROUP INC AT COST 3,387 5,303
    INVESCO BULLETSHARES 2021 CORP AT COST 16,843 17,244
    INVESCO BULLETSHARES 2022 CORP AT COST 16,505 17,487
    INVESCO BULLETSHARES 2023 CORP AT COST 16,761 17,783
    INVESCO BULLETSHARES 2024 CORP AT COST 16,727 18,002
    INVESCO BULLETSHARES 2025 CORP AT COST 15,895 18,195
    ISHARES A RATED CORPORATE BOND      
    J P MORGAN CHASE & CO AT COST 6,858 11,436
    JOHNSON & JOHNSON AT COST 3,068 5,980
    MCDONALD'S CORP AT COST 4,176 5,365
    MERCK & CO INC. NEW AT COST 2,784 5,072
    MICROSOFT AT COST 8,845 16,014
    MOTOROLA SOLUTIONS, INC. AT COST 2,962 4,252
    NEXTERA ENERGY INC      
    NORTHROP GRUMMAN AT COST 4,719 4,876
    PEPSICO INC AT COST 3,152 4,004
    PHILLIPS 66 AT COST 2,659 2,028
    PNC BANK CORP AT COST 5,806 6,556
    PROCTER & GAMBLE CO AT COST 2,459 5,009
    SALESFORCE.COM AT COST 1,116 4,451
    SPDR MSCI ACWI EX-US ETF AT COST 9,155 10,645
    SPDR S&P 500 ETF TRUST AT COST 4,826 5,982
    SPDR S&P BIOTECH AT COST 5,625 9,995
    SYSCO CORP AT COST 2,929 4,159
    UNITED TECHNOLOGIES CORP      
    UNITEDHEALTH GROUP, INC AT COST 4,291 6,663
    VANGUARD EMERGING MARKETS ETF      
    VANGUARD SHORT TERM BOND ETF      
    VERIZON COMMUNICATIONS INC AT COST 3,088 4,289
    VISA, INC AT COST 1,236 8,749
    WALMART, INC AT COST 4,518 6,343
    WISDOMTREE EMERGING MKTS SM CA      
    XCEL ENERGY, INC AT COST 1,400 3,267
    AKAMAI TECHNOLOGIES AT COST 3,880 3,570
    AMERICAN ELEC POWER CO AT COST 6,225 5,662
    APPLIED MATERIALS AT COST 3,805 6,214
    BAILLE GIFFORD EMERGING MARKET AT COST 8,991 12,624
    BAILLE GIFFORD INTERNATIONAL G AT COST 8,956 17,472
    FEDEX CORPORATION AT COST 4,880 4,933
    GLOBAL PAYMENTS INC AT COST 4,716 5,386
    GUGGENHEIM HIGH YIELD FUND AT COST 7,070 8,024
    ILLINOIS TOOL WORKS AT COST 2,936 3,262
    INVESCO BULLETSHARES 2026 CORP AT COST 17,406 18,443
    INVESCO BULLETSHARES 2027 CORP AT COST 17,456 18,490
    INVESCO BULLETSHARES 2028 CORP AT COST 17,398 18,471
    IQVIA HOLDINGS INC AT COST 4,933 5,733
    I SHARES RUSSELL MIDCAP GROWTH AT COST 6,933 9,136
    I SHARES RUSSELL 1000 INDEX FU AT COST 10,634 14,829
    PRINCIPAL PREFERRED SECURITIES AT COST 7,070 7,926
    RAYTHEON TECHNOLOGIES CORP AT COST 4,570 4,720
    SPDR PORTFOLIO INT TERM CORP B AT COST 16,117 16,657
    SPDR INDUSTRIAL SELECT AT COST 5,044 5,933
    SPDR TECHNOLOGY IDX AT COST 5,026 8,451
    STRYKER CORP AT COST 3,405 4,411
    ULTA BEAUTY, INC. AT COST 4,453 4,882

    TY 2020 OtherDecreasesSchedule
    Name:
    DIRLAM CHARITABLE FOUNDATION
    EIN:
    27-4846838
    Description Amount
    BOOK VALUE ADJUSTMENT 594
    ROC 55


    TY 2020 OtherExpensesSchedule
    Name:
    DIRLAM CHARITABLE FOUNDATION
    EIN:
    27-4846838
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER ALLOCABLE EXPENSE-PRINCI 35 0   35


    TY 2020 OtherIncreasesSchedule
    Name:
    DIRLAM CHARITABLE FOUNDATION
    EIN:
    27-4846838
    Description Amount
    2019 TRANSACTION POSTED IN 2020 95


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    DIRLAM CHARITABLE FOUNDATION
    EIN:
    27-4846838
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMNT MNGMNT FEES (NON-DED 7,565 3,783   3,783


    TY 2020 TaxesSchedule
    Name:
    DIRLAM CHARITABLE FOUNDATION
    EIN:
    27-4846838
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 31 31   0
    FEDERAL TAX PAYMENT - PRIOR YE 65 0   0
    FOREIGN TAXES ON QUALIFIED FOR 54 54   0
    FOREIGN TAXES ON NONQUALIFIED 20 20   0