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
Kemmerer Family Foundation
 
% John L Kemmerer III
Number and street (or P.O. box number if mail is not delivered to street address)323 Main Street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Chatham, NJ07928
A Employer identification number

22-3706044
B Telephone number (see instructions)

(973) 635-1760
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$58,336,285J 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... 1,429,553 1,429,553  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment -172,261
b Gross sales price for all assets on line 6a 4,543,618
7 Capital gain net income (from Part IV, line 2)...  
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)..... 0  
11 Other income (attach schedule)....... 0    
12 Total. Add lines 1 through 11........ 1,257,292 1,429,553  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0      
b Accounting fees (attach schedule)....... 0      
c Other professional fees (attach schedule).... Click to see attachment 100,000 75,000   25,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 21,100 8,100    
19 Depreciation (attach schedule) and depletion... 0    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 13,880 13,880    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 134,980 96,980   25,000
25 Contributions, gifts, grants paid....... 2,600,000 2,600,000
26 Total expenses and disbursements. Add lines 24 and 25 2,734,980 96,980   2,625,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,477,688
b Net investment income (if negative, enter -0-) 1,332,573
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,997,094 876,582 876,579
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....   0  
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet     0  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   0  
b Investments—corporate stock (attach schedule)....... 27,404,219 Click to see attachment28,047,558 51,483,320
c Investments—corporate bonds (attach schedule)....... 5,983,515 Click to see attachment4,983,000 4,924,445
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,019,041 Click to see attachment1,019,041 1,051,941
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
15 Other assets (describe bullet) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 36,403,869 34,926,181 58,336,285
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe bullet)    
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........ 36,403,869 34,926,181
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)..... 36,403,869 34,926,181
30 Total liabilities and net assets/fund balances (see instructions). 36,403,869 34,926,181
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
36,403,869
2
Enter amount from Part I, line 27a .....................
2
-1,477,688
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
34,926,181
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
34,926,181
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 18,523
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 18,523
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 18,523
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 13,272
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 13,272
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 62
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 5,313
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 taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
No
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)
    bulletDE
    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 addressbulletN/A
    14
    The books are in care ofbulletKemmerer Resources Corp Telephone no.bullet (973) 635-1760

    Located atbullet323 Main StreetChathamNJ ZIP+4bullet07928
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
    No
    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
     
    No
    .........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
     
    No
    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
    JOHN L KEMMERER III President
    0.000     		0    
    323 Main Street
    Chatham,NJ07928
    ELIZABETH K GRAY Asst Trsurer
    0.000     		0    
    323 Main Street
    Chatham,NJ07928
    CONSTANCE A KEMMERER Asst Scrtry
    0.000     		0    
    323 Main Street
    Chatham,NJ07928
    PETER F NEJES Trsuer Scrt
    0.000     		0    
    323 Main Street
    Chatham,NJ07928
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    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 0
    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
    53,414,124
    b
    Average of monthly cash balances.......................
    1b
    2,744
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    53,416,868
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    53,416,868
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    801,253
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    52,615,615
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,630,781
    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
    2,630,781
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    18,523
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    18,523
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,612,258
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,612,258
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,612,258
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,625,000
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,625,000
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,625,000
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 2,612,258
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 2,589,682
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,625,000
    a Applied to 2019, but not more than line 2a 2,589,682
    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..... 35,318
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		2,576,940
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
    0       0
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		        0
    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 ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		        0
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    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
    Community Foundation of Jackson Hole
    PO Box 574
    Jackson,WY83001     		  PC Various Jackson Hole Community Efforts 120,000
    St John's Health Foundation
    PO Box 428
    Jackson,WY83001     		  PC Patient Care 90,000
    Mind & Life Institute
    210 Ridge McIntire Rd Ste 325
    Charlottesville,VA22903     		  PC Promote Well Being 100,000
    Dubois Medical Center
    PO Box 1203
    Dubois,WY82513     		  PC For purchase of xray machine 50,000
    Community Foundation of Teton Valley
    PO Box 1523
    Driggs,ID83422     		  PC Wildlife Sanctuary 20,000
    International Anti-Poaching Foundation
    1655 N Ft Meyer Dr Ste 700
    Arlington,VA22209     		  PC Training and Equipment 10,000
    Insight Meditation Society
    1230 Pleasant St
    Barre,MA01005     		  PC Support Teachers 10,000
    Mountain Stream Meditation Center
    PO Box 2510
    Nevada City,CA95959     		  PC Promote Well Being 10,000
    The Sage School
    PO Box 30
    Hailey,ID83333     		  PC Campus construction 100,000
    Nature Conservancy of Idaho
    116 1st Ave N
    Hailey,ID83333     		  PC Conservation of Land Water 80,000
    The Advocates
    PO Box 3216
    Hailey,ID83333     		  PC Shelter Renovations 30,000
    Wood River YMCA
    PO Box 6801
    Ketchum,ID83340     		  PC For Transportation to YMCA Programs 25,000
    Shelter Box USA
    101 Innovation Place
    Santa Barbara,CA93108     		  PC Disaster Relief 20,000
    The Hunger Coalition
    121 Honeysuckle St
    Bellevue,ID83313     		  PC Food and Pantry Essentials 270,000
    Mountain Humane
    PO Box 1496
    Hailey,ID83333     		  PC Services for Animal Fosters 20,000
    Blaine County Seniors Connection
    PO Box 28
    Hailey,ID83333     		  PC Nutrition Programs 15,000
    Swiftsure Ranch
    114 Calypso Lane
    Bellevue,ID83313     		  PC Facility Maintenance 15,000
    EcoSystem Sciences Foundation
    202 N 9th Street Ste 400
    Boise,ID83702     		  PC Restore Silver Creek Watershed 10,000
    Community Library Association
    PO Box 2168
    Ketchum,ID83340     		  PC Library Programs 10,000
    California Trout
    360 Pine St
    San Francisco,CA94104     		  PC Restore Salmon Habitats 5,000
    Salisbury School
    251 Canaan Rd
    Salisbury,CT06068     		  PC Chapel Renovation 75,000
    US Ski Team Foundation
    PO Box 100
    Park City,UT84060     		  PC Endowment 100,000
    Friends of Hearts for Honduras Foundation
    PO Box 118
    Liberty Corner,NJ07938     		  PC Heart for Honduras School Programs 50,000
    St John the Baptist Church
    1849 Lincoln Ave
    Whiting,IN46394     		  PC Steeple Fund 40,000
    Corpus Christi Parish
    234 Southern Blvd
    Chatham,NJ07928     		  PC Fund Staff 30,000
    Jackson Hole Ski Club
    PO Box 461
    Jackson,WY83001     		  PC Ski and Snowboard Program Development 20,000
    Market Street Mission
    9 Market St
    Morristown,NJ07960     		  PC Holiday Meals and Winter Coats for Homeless 20,000
    Wyoming Pathways
    PO Box 153
    Wilson,WY83014     		  PC Pathway and Trail Improvement 15,000
    Diocese of Paterson
    777 Valley Rd
    Clifton,NJ07013     		  PC Catholic Charities 10,000
    Climb Wyoming
    PO Box 9494
    Jackson,WY83002     		  PC Job training for single mothers 10,000
    Teach for America
    300 West Adams St Ste 1000
    Chicago,IL60606     		  PC Support and Training for Educators 10,000
    Our Lady of the Mountains
    PO Box 992
    Jackson,WY83001     		  PC To support the poor and needy 5,000
    St Anne Church
    16802 S Lincoln St
    Hazel Crest,IL60429     		  PC Catholic Charities 5,000
    Direct Relief
    6100 Wallace Becknell Rd
    Goleta,CA93117     		  PC Medicine to those in need 110,000
    Equal Justice Initiative
    122 Commerce St
    Montgomery,AL36104     		  PC End racial injustice 35,000
    Maine Recovery Fund
    494 Forest Ave
    Portland,ME05202     		  PC Job Support to those in Recovery 30,000
    Shared Adventures
    PO Box 396
    Santa Cruz,CA95061     		  PC Program Development for those with Disabilities 20,000
    Hyperbaric Health and Wellness Foundation
    PO Box 3061
    Hailey,ID83333     		  PC Hyperbaric Oxygen Treatment development 20,000
    Second Harvest Food Bank of Middle Tennessee
    331 Great Circle Rd
    Nashville,TN37228     		  PC Food and Pantry Essentials 15,000
    Silent Voices Equine Rescue
    PO Box 561
    Ketchum,ID83340     		  PC Horse Rescue 10,000
    Young Writers Project
    47 Maple St Ste 216
    Burlington,VT05401     		  PC Website Improvements 10,000
    Mount Mansfield Ski Club & Academy
    403 Spruce Peak
    Stowe,VT05672     		  PC Student Lodge 160,000
    The Conversationalist
    245 8th Avenue Ste 326
    New York,NY10011     		  PC Support Female Activism 10,000
    Columbia University School of Social Work
    PO Box 1523
    New York,NY10008     		  PC Student Emergency Relief Fund 10,000
    Loveland Foundation
    320 7th Avenue Ste 263
    Brooklyn,NY11215     		  PC Provide Therapy Support to Black Women 10,000
    Jackson Hole Children's Museum
    PO Box 995
    Jackson,WY83001     		  PC Programs for play and exploration 10,000
    Sansum Clinic
    PO Box 1200
    Santa Barbara,CA93102     		  PC Pandemic Relief Fund 125,000
    Oak Knoll School
    44 Blackburn Rd
    Summit,NJ07901     		  PC Athletic Fields 100,000
    Central Wyoming College
    PO Box 4795
    Jackson,WY83001     		  PC Jackson Capital Campaign 100,000
    University of Wisconsin Fdn - Center Healthy Minds
    1848 University Ave
    Madison,WI53726     		  PC Center for Healthy Minds General Fund 100,000
    Dubois Assisted Living (dba Warm Valley Lodge)
    PO Box 1839
    Dubois,WY82513     		  PC Assisted Living Support 100,000
    University of Wyoming Foundation
    222 S 22nd St
    Laramie,WY82070     		  PC Scholarship 50,000
    Friends of Pathways
    PO Box 2062
    Jackson,WY83001     		  PC Development of connected pathway in Grand Teton Natl Park 40,000
    American Red Cross
    209 Fairfield Rd
    Fairfield,NJ07004     		  PC Western Wildfires 35,000
    Grand Teton National Park Foundation
    PO Box 249
    Moose,WY83012     		  PC New Boat Ramp Improved Parking 25,000
    Foundation for Morristown Medication Center
    475 South St
    Morristown,NJ07960     		  PC GFGoryeb Expansion Fund 25,000
    Ring Lake Ranch
    PO Box 806
    Dubois,WY82513     		  PC Cabin and Communal Facilities Updates 25,000
    Flourish Foundation
    PO Box 2429
    Ketchum,ID83340     		  PC Promote Well Being 20,000
    Light on the Mountains Spiritual Center
    PO Box 1195
    Sun Valley,ID83353     		  PC Promote Well Being 5,000
    Total .................................bullet 3a 2,600,000
    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 1,429,553  
    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 ............     		         
    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)..   1,429,553  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,429,553
    (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: 20011376
    Software Version: ta20mefv1.0


    Form 990PF - Special Condition Description:
    Special Condition Description

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

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    Kemmerer Family Foundation
    EIN:
    22-3706044
    Software ID:
    20011376
    Software Version:
    ta20mefv1.0
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    Truist Finl Corp Pref Stk 2015-02 Purchase 2020-03 03162020 1,000,000 1,000,000        
    Emerson Electric 2016-01 Purchase 2020-03 03182020 503,378 513,874     -10,496  
    Halliburton 2012-06 Purchase 2020-03 03182020 96,454 574,484     -478,030  
    Microsoft 2012-03 Purchase 2020-03 03182020 1,140,852 255,575     885,277  
    Vanguard Intl Equity ETF 2013-08 Purchase 2020-03 03192020 552,154 749,441     -197,287  
    WisdomTree EuroHedged ETF 2015-07 Purchase 2020-03 03192020 1,149,017 1,582,541     -433,524  
    Viatris 2003-07 Purchase 2020-12 12042020 75,632 39,964     35,668  
    Weyerhaeuser   Capital Gain Distr 2020-03 03202020 17,340       17,340  
    Weyerhaeuser   Capital Gain Distr     8,670       8,670  
    Bank of America   Sec Litigation Proceeds 2020-06 06242020 121       121  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    Kemmerer Family Foundation
    EIN:
    22-3706044
    Software ID:
    20011376
    Software Version:
    ta20mefv1.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    American Express 1,012,500 992,500
    Fifth Third Bancorp 975,000 955,000
    Goldman Sachs 2,007,031 1,995,960
    JP Morgan Chase 983,000 980,985
    Bond Amortization DiscountPremium 5,469  

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Kemmerer Family Foundation
    EIN:
    22-3706044
    Software ID:
    20011376
    Software Version:
    ta20mefv1.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Abbvie 1,160,298 1,500,100
    ATT 750,782 719,000
    Bank of America 510,553 1,212,400
    Cisco 1,266,627 1,342,500
    Citigroup 670,478 1,109,880
    Deere 420,830 1,345,250
    Exxon Mobil 1,547,076 824,400
    General Mills 603,358 1,058,400
    Gilead Sciences 878,630 640,860
    Alphabet Class A 585,070 3,154,752
    Home Depot 188,502 2,656,200
    IBM 1,836,598 1,888,200
    Intel 793,199 1,743,700
    JP Morgan Chase 836,570 2,541,400
    Johnson and Johnson 768,490 1,888,560
    Merck 968,814 1,513,300
    Microsoft 628,876 4,893,240
    Nutrien 846,937 865,377
    Occidental Petroleum 1,759,635 432,750
    Oracle 701,408 1,293,800
    Pfizer 899,641 1,361,970
    Qualcomm 917,840 3,046,800
    UPS 787,405 2,020,800
    Verizon 993,990 1,175,000
    WalMart 1,177,682 1,729,800
    Weyerhaeuser 1,606,733 1,710,030
    3M 1,171,068 1,573,110
    Invesco QQQ ETF 669,727 2,509,920
    SPDR Bloomberg Barclays Convertible ETF 794,634 1,324,640
    SPDR Financial Select ETF 736,278 1,326,600
    SPDR SP Dividend ETF 554,360 1,059,300
    Occidental Warrants 15,469 21,281

    TY 2020 InvestmentsOtherSchedule2
    Name:
    Kemmerer Family Foundation
    EIN:
    22-3706044
    Software ID:
    20011376
    Software Version:
    ta20mefv1.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Vanguard ST Bond Mutual F AT COST 1,019,041 1,051,941
      FMV    
      FMV    
      FMV    
      FMV    
      FMV    
      FMV    
      FMV    
      FMV    
      FMV    

    TY 2020 OtherExpensesSchedule
    Name:
    Kemmerer Family Foundation
    EIN:
    22-3706044
    Software ID:
    20011376
    Software Version:
    ta20mefv1.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Delaware Filing Fee 25 25    
    NJ Filing Fee 33 33    
    Statutory Representation Fee 437 437    
    Custody Fees 13,322 13,322    
    Interest Expense 63 63    


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Kemmerer Family Foundation
    EIN:
    22-3706044
    Software ID:
    20011376
    Software Version:
    ta20mefv1.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Kemmerer Resources Corp 100,000 75,000   25,000


    TY 2020 TaxesSchedule
    Name:
    Kemmerer Family Foundation
    EIN:
    22-3706044
    Software ID:
    20011376
    Software Version:
    ta20mefv1.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Tax 13,000      
    Foreign Tax Withheld 8,100 8,100