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
Seeding the Future Foundation

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

47-4718771

B Telephone number (see instructions)

(800) 839-1754

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

$45,719,860J 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	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	82,351		82,351
4	Dividends and interest from securities...	78,005		78,005
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		22,231,265
b	Gross sales price for all assets on line 6a 35,477,445
7	Capital gain net income (from Part IV, line 2)...			24,177,409
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).......
12	Total. Add lines 1 through 11........	22,391,621		24,337,765
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		11,530	11,530	0	0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		60,000			60,000
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		748,227	124
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		49,967	7,442		42,525
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	869,724		19,096	0	102,525
25	Contributions, gifts, grants paid.......	1,260,000				1,260,000
26	Total expenses and disbursements. Add lines 24 and 25	2,129,724		19,096	0	1,362,525
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	20,261,897
b	Net investment income (if negative, enter -0-)			24,318,669
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.............
	2	Savings and temporary cash investments.........	12,409,288	17,261,137	17,261,137
	3	Accounts receivable 67,564
		Less: allowance for doubtful accounts		67,564	67,564
	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)	8,999,013	300,000	301,350
	b	Investments—corporate stock (attach schedule).......	2,924,509	6,703,492	7,494,458
	c	Investments—corporate bonds (attach schedule).......	300,000	20,562,514	20,595,351
	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)	24,632,810	44,894,707	45,719,860
	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........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	24,632,810	44,894,707
	29	Total net assets or fund balances (see instructions).....	24,632,810	44,894,707
	30	Total liabilities and net assets/fund balances (see instructions).	24,632,810	44,894,707

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

24,632,810

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

20,261,897

Other increases not included in line 2 (itemize) bullet

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

44,894,707

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 .

44,894,707

Form 990-PF (2020)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Publicly-traded Securities
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	35,477,445	11,300,036	24,177,409
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			24,177,409
b
c
d
e

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	24,177,409
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	338,029
c	All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	338,029
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	338,029
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	337,400
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	337,400
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	105
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	734
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

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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 Click to see attachment

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

Yes

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

Yes

Website address bullet

The books are in care of bullet

Foundation Source Telephone no. bullet

(800) 839-1754

Located at bullet

501 Silverside Road Suite 123WilmingtonDE ZIP+4 bullet

198091377

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-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Annette van Lengerich	Dir, VP 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, VP 1.0	0	0	0
Bernhard van Lengerich	Pres, Dir, Sec, Treas 30.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Pres, Dir, Sec, Treas 30.0	0	0	0

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


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances










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

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
Arabella Advisors llc	Philanthropic	60,000
1201 Connecticut Ave NW Suite 300 Washington,DC20036	Philanthropic	60,000

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

10,021,038

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

36,177,344

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

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

46,198,382

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

46,198,382

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

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

692,976

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

45,505,406

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

2,275,270

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

2,275,270

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

338,029

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

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

338,029

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

1,937,241

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

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

1,937,241

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

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

1,937,241

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 ..........

1,362,525

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

1,362,525

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

1,362,525

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	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7				1,937,241
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......			1,340,557
b Total for prior years:2018, 2017, 2016
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......
d From 2018......
e From 2019......
fTotal of lines 3a through e........
4Qualifying distributions for 2020 from Part
XII, line 4: $ 1,362,525
a Applied to 2019, but not more than line 2a			1,340,557
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2020 distributable amount.....				21,968
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........				1,915,273
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....
e Excess from 2020....	0

Form 990-PF (2020)

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).)

Annette van Lengerich

Bernhard van Lengerich

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 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)

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
FOOD SYSTEM 6 ACCELERATOR INC 541 JEFFERSON AVE STE 100 REDWOOD CITY,CA94063	N/A	PC	General & Unrestricted	50,000
INSTITUTE OF FOOD TECHOLOGISTS INC 525 W VAN BUREN ST STE 1000 CHICAGO,IL60607	N/A	PC	General & Unrestricted	40,000
NATIONAL PHILANTHROPIC TRUST 165 TOWNSHIP LINE RD STE 1200 JENKINTOWN,PA19046	N/A	PC	General & Unrestricted	200,000
NORTH AMERICAN TRADITIONAL INDIGENOUS FOOD SYSTEMS 3626 GARFIELD AVE MINNEAPOLIS,MN55409	N/A	PC	General & Unrestricted	30,000
SECOND HARVEST HEARTLAND 7101 WINNETKA AVE N MINNEAPOLIS,MN55428	N/A	PC	General & Unrestricted	250,000
SECOND HARVEST HEARTLAND 7101 WINNETKA AVE N MINNEAPOLIS,MN55428	N/A	PC	to support COVID-19 relief initiatives	500,000
THE CLEAR FUND 1714 FRANKLIN ST 100335 OAKLAND,CA94612	N/A	PC	Flour Fortification Initiative (ffi)	25,000
THE UCLA FOUNDATION 10889 WILSHIRE BLVD STE 1500 LOS ANGELES,CA90024	N/A	PC	General & Unrestricted	100,000
TRUSTEES OF TUFTS COLLEGE 80 GEORGE ST MEDFORD,MA02155	N/A	PC	Tufts Industrial Collaborative Program at the Friedman School of Nutrition Science & Policy	5,000
TRUSTEES OF TUFTS COLLEGE 80 GEORGE ST MEDFORD,MA02155	N/A	PC	Tufts University, Friedman School of Nutrition Science and Policy Challenge Sprints Fund	50,000
WORLD CENTRAL KITCHEN INCORPORATED 655 NEW YORK AVE NW 6TH FL WASHINGTON,DC20001	N/A	PC	General & Unrestricted	10,000
Total ................................. 3a				1,260,000

bApproved for future payment

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

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 ...........			14	82,351
4 Dividends and interest from securities....			14	78,005
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	22,231,265
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)..				22,391,621

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

22,391,621

(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:

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

TY 2020 DepreciationSchedule

Name:

Seeding the Future Foundation

EIN:

47-4718771

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

Seeding the Future Foundation

EIN:

47-4718771

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC NOTE CALL MAKE WHOL	331,893	332,367
ADOBE - 2.150% - 02/01/2027	161,670	160,961
AFLAC INC - 3.625% - 11/15/202	502,410	503,435
APPLE - 1.250% - 08/20/2030	248,415	250,053
APPLIED MATERIALS - 3.900% - 1	287,228	285,663
BB&T BRH BKG & TR - 3.625% - 0	366,155	366,262
CHARLES SCHWAB - 3.550% - 02/0	273,843	273,310
CISCO SYSTEMS - 2.500% - 09/20	329,328	329,667
CUMMINS INC - 3.650% - 10/01/2	326,346	325,062
DISCOVER BANK - 2.450% - 09/12	263,415	264,398
DISNEY WALT CO NOTE - 2.200% -	420,104	428,148
FIFTH THIRD BANCORP - 2.600% -	258,790	257,655
FISERV INC NOTE CALL MAKE WHOL	425,709	427,944
HATBORO-HORSHAM - 0.580% - 09/	350,000	351,103
HOME DEPOT INC - 2.700% - 04/1	528,566	529,381
INTEL CORP - 2.450% - 11/15/20	490,336	488,142
INTERNATIONAL BUSINESS MACHINE	359,520	363,507
INTUIT CO - 1.350% - 07/15/202	456,950	460,418
KEYCORP - 4.100% - 04/30/2028	529,082	533,902
KLA-TENCOR SR GLBL NT - 4.650%	285,343	284,558
KROGER CO NOTE CALL MAKE WHOLE	544,089	538,934
LABORATORY CORP - 3.600% - 09/	285,430	285,390
LOWES COS INC - 3.375% - 09/15	279,723	279,035
MARSH & MCLENNAN - 2.750% - 01	514,230	511,885
MASTERCARD - 3.375% - 04/01/20	274,988	273,557
MICROSOFT CORP NOTE - 3.300% -	571,259	570,529
MISSOURI ENVIRONMENT - 1.449%	150,000	150,948
MOHAWK INDUSTRIES 3.85% 02/01/	532,330	531,089
MORGAN STANLEY - 3.875% - 04/2	332,544	331,997
MOUNT LEBANON PA - 0.350% - 09	250,000	250,005
NIKE INC - 2.750% - 03/27/2027	442,664	442,612
NORFOLK SOUTHERN CORP - 3.800%	440,813	439,523
OMNICOM GROUP INC BOND - 3.600	337,533	342,330
PAPILLION-LA VISTA - 0.514% -	100,000	100,350
PAYPAL HOLDINGS INC - 2.650% -	272,903	274,730
PEPSICO INC - 2.625% - 07/29/2	553,446	551,959
PNC FIN SVCS - 2.550% - 01/22/	325,539	328,668
PROLOGIS LP - 3.750% - 11/01/2	342,426	340,911
PRUDENTIAL - 1.500% - 03/10/20	310,242	311,274
ROCKWELL AUTOMATION - 3.500% -	468,732	466,244
ROSS STORES - 0.875% - 04/15/2	298,533	299,877
SANTA ROSA CA WSTWTR - 0.578%	200,000	201,098
SARASOTA CNTY FL UTI - 0.348%	500,000	500,360
STARBUCKS CORP - 3.850% - 10/0	272,920	271,122
STARBUCKS CORP - 4.000% - 11/1	294,873	296,885
STRYKER CORP - 1.150% - 06/15/	254,095	255,083
TARGET - 2.350% - 02/15/2030	328,035	327,816
TD AMERITRADE NT - 2.950% - 04	542,115	540,219
TUCSON AZ WTR REVENUE - 1.338%	350,000	355,271
UNION PACIFIC - 3.150% - 03/01	270,370	270,470
UNITEDHEALTH GROUP INC - 2.875	559,569	568,329
US BANCORP - 3.900% - 04/26/20	595,594	594,024
VERIZON COMMS - 4.016% - 12/03	298,615	297,273
VERIZON COMMUNICATIONS INC - 1	249,765	248,774
VODAFONE GROUP PLC - 4.125% -	428,745	428,813
WASTE MGMT - 3.125% - 03/01/20	329,691	328,446
WELLTOWER INC BOND - 3.100% -	265,600	273,585

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

Seeding the Future Foundation

EIN:

47-4718771

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABS	48,163	48,176
ACCENTURE PLC	84,570	91,685
ALEXANDER AND BALDWIN HOLDINGS	12,001	14,448
ALEXANDRIA REAL ESTATE EQUITIE	13,371	14,614
ALPHABET INC CL A	156,204	161,243
AMERICAN EXPRESS CO	66,425	70,974
AMERICAN HOMES 4 RENT	32,271	33,570
AMERICAN TOWER REIT INC	137,862	130,187
APPLE INC	209,614	231,942
AVALONBAY CMNTYS INC	31,559	31,605
BECTON DICKINSON & CO	34,121	36,032
BEYOND MEAT INC	10,329	430,375
BOSTON PPTYS INC	2,374	2,930
BRIXMOR PPTY GROUP INC COM	11,237	13,025
CHARLES SCHWAB CORP	75,816	88,948
CISCO SYSTEMS INC	52,288	56,430
CME GROUP, INC	36,025	38,595
COLGATE-PALMOLIVE COMPANY	39,094	40,019
COOPER COMPANIES INC	35,526	37,785
CORESITE REALTY CORPORATION	12,937	12,779
CORP OFFICE PPTY TR	9,290	9,441
COSTCO WHOLESALE CORPORATION	101,102	99,470
COUSINS PROPERTIES INC	7,037	7,605
CROWN CASTLE INTL	51,019	48,235
DIGITAL RLTY TR INC	14,536	13,951
DUKE REALTY CORPORATION	25,366	26,260
EATON CORP PLC	52,853	54,664
ECOLAB INC	59,367	60,364
ELECTRONIC ARTS	37,636	42,793
EQUINIX, INC	63,445	59,991
EQUITY LIFESTYLE PRP	28,233	29,336
EXTRA SPACE STORAGE	20,679	21,202
FIRST INDUSTRIAL REALTY TRUST	21,182	21,318
FORTIVE CORPORATION	59,027	60,339
HEALTHPEAK PROPERTIES INC	13,155	13,815
HOME DEPOT INC	87,987	83,936
HOST HOTELS & RESORTS INC	12,106	13,547
INTEL CORP	26,901	27,002
KILROY REALTY CP	8,320	8,266
LABORATORY CORP AMER HLDGS	59,302	60,251
LAMAR ADVERTISING CO CL A REIT	11,322	12,733
MASCO CORP	33,167	32,848
MASTERCARD INC	57,879	61,394
MEDICAL PROPERTIES TRUST, INC	13,373	15,514
MEDTRONIC PLC	44,002	46,270
MERCK & CO INC	59,964	61,105
MICROSOFT CORP	237,329	245,774
MID-AMERICA APT COMMUNITIES IN	29,847	30,912
NATIONAL RETAIL PROPERTIES INC	12,555	13,831
NORTHERN TRUST CORPORATION	78,834	80,473
NOVARTIS AG ADR	14,325	15,675
O'REILLY AUTOMOTIVE INC	82,414	81,915
PHYSICIANS REALTY TRUST	6,669	6,711
PROCTER GAMBLE CO	78,100	77,223
PROLOGIS	122,386	119,692
PUBLIC STORAGE INC	38,307	38,796
ROCKWELL AUTOMATION INC	72,246	72,986
STORE CAPITAL CORPORATION	19,096	21,339
TAIWAN SEMICONDUCTOR MFG CO LT	72,305	82,216
TARGET CORPORATION	50,622	51,370
THERMO FISHER SCIENTIFIC INC	74,096	74,059
TJX COMPANIES INC	69,546	78,465
TRANE TECHNOLOGIES PLC	81,593	84,483
UNILEVER PLC AMER	29,564	29,697
UNITEDHEALTH GROUP INC	96,205	100,294
US BANCORP	55,499	61,732
VANGUARD FTSE DEVELOPED MARKET	2,245,509	2,408,842
VANGUARD FTSE EMERGING MARKETS	756,510	809,377
VERIZON COMMUNICATIONS	36,111	35,661
VISA INC	110,477	117,239
VONTIER CORPORATION	11,351	11,389
WALT DISNEY HOLDINGS CO	63,449	82,618
WELLTOWER INC.	19,208	20,549
XYLEM INC	59,302	64,128

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

Seeding the Future Foundation

EIN:

47-4718771

US Government Securities - End of Year Book Value:

US Government Securities - End of Year Fair Market Value:

State & Local Government Securities - End of Year Book Value:

300,000

State & Local Government Securities - End of Year Fair Market Value:

301,350

- TIN:

TY 2020 LegalFeesSchedule

Name:

Seeding the Future Foundation

EIN:

47-4718771

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
General Consultations	11,530	11,530

- TIN:

TY 2020 OtherExpensesSchedule

Name:

Seeding the Future Foundation

EIN:

47-4718771

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	42,500		42,500
Bank Charges	7,442	7,442
State or Local Filing Fees	25		25

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

Seeding the Future Foundation

EIN:

47-4718771

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Philanthropic Consulting Srvcs	60,000			60,000

- TIN:

TY 2020 TaxesSchedule

Name:

Seeding the Future Foundation

EIN:

47-4718771

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2020	337,400
990-PF Excise Tax for 2019	410,703
Foreign Tax Paid	124	124