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
SYLARN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)128 WEST SPRING STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MARQUETTE, MI49855
A Employer identification number

47-4866886
B Telephone number (see instructions)

(906) 226-2543
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$13,261,944J 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 5,419 5,419  
4 Dividends and interest from securities... 254,036 254,036  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 240,961
b Gross sales price for all assets on line 6a 2,964,255
7 Capital gain net income (from Part IV, line 2)... 240,961
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)....... Click to see attachment 69,154 51,866  
12 Total. Add lines 1 through 11........ 569,570 552,282  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 458 458   0
b Accounting fees (attach schedule)....... Click to see attachment 3,698 3,698   0
c Other professional fees (attach schedule).... Click to see attachment 84,370 84,370   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,627 4,627   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 472 472   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 93,625 93,625   0
25 Contributions, gifts, grants paid....... 2,103,982 2,103,982
26 Total expenses and disbursements. Add lines 24 and 25 2,197,607 93,625   2,103,982
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,628,037
b Net investment income (if negative, enter -0-) 458,657
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............. 15,218 10,644 10,644
2 Savings and temporary cash investments......... 1,107,165 492,926 493,913
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).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 695,581 Click to see attachment579,866 617,871
b Investments—corporate stock (attach schedule)....... 6,203,301 Click to see attachment5,752,918 8,455,313
c Investments—corporate bonds (attach schedule)....... 657,840 Click to see attachment695,680 741,601
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,411,852 Click to see attachment2,937,583 2,942,602
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,090,957 10,469,617 13,261,944
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 12,090,957 10,469,617
29 Total net assets or fund balances (see instructions)..... 12,090,957 10,469,617
30 Total liabilities and net assets/fund balances (see instructions). 12,090,957 10,469,617
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
12,090,957
2
Enter amount from Part I, line 27a .....................
2
-1,628,037
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
6,742
4
Add lines 1, 2, and 3 ..........................
4
10,469,662
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
45
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
10,469,617
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a SALES OF PUBLICLY TRADED SECURITIES P    
b LONG-TERM CAPITAL GAIN DISTRIBUTIONS P    
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 2,964,255   2,736,053 228,202
b       12,759
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       228,202
b       12,759
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 2 240,961
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 6,375
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 6,375
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 6,375
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 6,480
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,480
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 105
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet105 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMI
    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 ofbulletKENNETH J SEAVOY Telephone no.bullet (906) 226-2543

    Located atbullet128 WEST SPRING STREETMARQUETTEMI ZIP+4bullet49855
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    HOWARD L COHODAS DIRECTOR & PRESIDENT/SEC/T
    0.50     		0 0 0
    128 WEST SPRING STREET
    MARQUETTE,MI49855
    NADINE R COHODAS DIRECTOR & VICE-PRESIDENT
    0.50     		0 0 0
    128 WEST SPRING STREET
    MARQUETTE,MI49855
    KENNETH J SEAVOY DIRECTOR & ASST SECRETARY
    0.50     		0 0 0
    128 WEST SPRING STREET
    MARQUETTE,MI49855
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    11,794,923
    b
    Average of monthly cash balances.......................
    1b
    414,354
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,209,277
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    12,209,277
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    183,139
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,026,138
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    601,307
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    601,307
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    6,375
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,375
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    594,932
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    594,932
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    594,932
    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
    2,103,982
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,103,982
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,103,982
    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 7 594,932
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016...... 1,919,936
    c From 2017...... 1,375,228
    d From 2018...... 920,021
    e From 2019...... 2,331,901
    fTotal of lines 3a through e........ 6,547,086
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,103,982
    a Applied to 2019, but not more than line 2a 0
    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..... 594,932
    e Remaining amount distributed out of corpus 1,509,050
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 8,056,136
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		8,056,136
    10 Analysis of line 9:
    a Excess from 2016.... 1,919,936
    b Excess from 2017.... 1,375,228
    c Excess from 2018.... 920,021
    d Excess from 2019.... 2,331,901
    e Excess from 2020.... 1,509,050
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    HOWARD L COHODAS
    NADINE R COHODAS
    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
    ACCESS YOUTH INC
    1101 30TH STREET NEW 500
    WASHINGTON,DC20007     		  PC AT RISK YOUTH EDUCATION - BALLOU RESTORATIVE JUSTICE 200,000
    BAY CLIFF HEALTH CAMP
    PO BOX 310
    BIG BAY,MI49808     		  PC BUILDING RENOVATION & CONSTRUCTION AND GENERAL OPERATIONS 279,268
    BEACON HOUSE
    PO BOX 29629
    WASHINGTON,DC20017     		  PC GENERAL OPERATIONS 55,000
    COLLEGE SUCCESS FOUNDATION - DC
    1805 7TH STREET NW SUITE 500
    WASHINGTON,DC20001     		  PC EDUCATION SCHOLARSHIP FUNDS 58,550
    MIKVA CHALLENGE
    1220 L ST NW SUITE 605
    WASHINGTON,DC20005     		  PC YOUTH DEVELOPMENT - MIKVA DC 60,000
    PLANNED PARENTHOOD FEDERATION OF AMERICA
    123 WILLIAM STREET
    NEW YORK,NY10038     		  PC GENERAL OPERATIONS FOR HEALTHCARE ISSUES 25,000
    SARASOTA ORCHESTRA
    709 N TAMIAMI TRAIL
    SARASOTA,FL34236     		  PC MUSIC FESTIVAL 4,000
    SHOUT MOUSE PRESS
    1735 17TH STREET NW
    WASHINGTON,DC20009     		  PC COLLEGE READINESS & GENERAL OPERATIONS 21,500
    THE JEWISH FEDERATION OF GREATER WASHINGTON INC
    8101 EXECUTIVE BOULEVARD STE 100
    NORTH BETHESDA,MD20852     		  PC GENERAL OPERATIONS 10,000
    THE JEWISH FEDERATION OF SARASOTA-MANATEE
    580 MCINTOSH ROAD
    SARASOTA,FL34232     		  PC GENERAL OPERATIONS 25,000
    THRIVE DC
    1525 NEWTON STREET NW
    WASHINGTON,DC20010     		  PC GENERAL OPERATIONS 80,000
    UNIVERSITY OF MICHIGAN
    WOLVERINE TOWER SUITE 9000 3003
    SOUTH STATE STREET
    ANN ARBOR,MI48109     		  PC EDUCATION SCHOLARSHIP FUNDS 1,133,400
    UNIVERSITY OF MICHIGAN
    WOLVERINE TOWER SUITE 9000 3003
    SOUTH STATE STREET
    ANN ARBOR,MI48109     		  PC STAFF AND PROGRAM FUNDS 149,264
    WASHINGTON PERFORMING ARTS
    1400 K ST NW SUITE 500
    WASHINGTON,DC20005     		  PC GENERAL OPERATIONS 3,000
    Total .................................bullet 3a 2,103,982
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 5,419  
    4 Dividends and interest from securities....     14 254,036  
    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 ............     		    18 240,961  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL EXCISE TAX REFUND     		    01 17,288  
    bRECOVERY OF BANK FEES     01 51,866  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 569,570 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    569,570
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    SYLARN FOUNDATION
    EIN:
    47-4866886
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MAKELA TOUTANT HILL NARDI & KATONA PC 3,698 3,698   0

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    SYLARN FOUNDATION
    EIN:
    47-4866886
    Name of Bond End of Year Book Value End of Year Fair Market Value
    APPLE INC DTD 5/13/15 3.2% 50,574 55,749
    INTERCONTINENTAL EXCHANGE DTD 11/24/15 3.75% 78,808 85,183
    JPMORGAN CHASE & CO DTD 1/25/13 3.2% 76,549 79,396
    MOSAIC CO DTD 11/13/13 4.25% 36,464 38,201
    SOUTHWEST AIRLINES CO DTD 11/16/17 3.45% 74,674 81,190
    AT&T INC DTD 8/15/18 4.100% 49,356 58,783
    DOLLAR GENERAL CORP DTD 4/11/13 3.250% 50,266 52,905
    GILEAD SCIENCES INC DTD 3/7/14 3.75% 67,130 70,845
    ABBVIE INC DTD 5/14/15 3.6% 55,348 55,705
    HCP INC DTD 7/5/19 3.5% 78,662 85,075
    TORONTO-DOMINION BANK MED TERM NOTE DTD 9/11/20 .75% 25,008 25,093
    VISA INC DTD 4/2/0 2.050% 52,841 53,476

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    SYLARN FOUNDATION
    EIN:
    47-4866886
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMAZON.COM INC 88,896 276,839
    HOME DEPOT INC 29,957 58,171
    TRACTOR SUPPLY CO 30,589 57,638
    CONSTELLATION BRANDS INC 36,890 48,191
    ESTEE LAUDER COMPANIES INC 17,262 56,698
    INTERCONTINENTAL EXCHANGE INC 34,660 59,951
    S&P GLOBAL INC 22,767 56,213
    ALIGN TECHNOLOGIES INC 10,690 63,057
    BOSTON SCIENTIFIC CORP 39,752 57,592
    CENTENE CORP 36,836 56,068
    DANAHER CORP 24,985 66,420
    FORTUNE BRANDS HOME & SECURITY 37,699 53,404
    TRANSDIGM GROUP INC 15,003 43,320
    ALPHABET INC 109,699 213,729
    APPLE INC 88,004 345,259
    FACEBOOK INC 90,775 172,091
    MICROSOFT CORP 94,719 287,811
    PALO ALTO NETWORKS INC 30,884 68,946
    SALESFORCE.COM INC 43,481 103,031
    VISA INC 48,023 118,989
    ECOLAB INC 21,008 36,348
    ACCENTURE PLC 30,668 61,123
    NORWEGIAN CRUISE LINE HOLDINGS LTD 40,456 20,242
    AMEX CONSUMER DISCR SPDR 32,292 64,312
    CONSUMER STAPLES SECTOR SPDR 42,524 54,567
    AMEX ENERGY SELECT SPDR 229,076 310,136
    FINANCIAL SELECT SECTOR SPDR 225,861 309,805
    HEALTH CARE SELECT SECTOR SPDR 31,366 51,388
    AMEX INDUSTRIAL SPDR 35,476 53,218
    AMEX TECHNOLOGY SELECT SPDR 27,856 77,102
    AMEX MATERIALS SPDR 19,912 29,028
    ISHARES CORE S&P SMALL-CAP ETF 50,064 74,255
    ISHARES S&P MID-CAP 400 GROWTH 345,075 535,295
    ISHARES S&P MID-CAP 400 VALUE 480,706 560,950
    REAL ESTATE SELECT SECTOR SPDR 23,691 28,261
    VANGUARD FTSE DEVELOPED MARKETS ETF 876,643 1,008,547
    VANGUARD FTSE EMERGING MARKETS ETF 611,258 753,805
    NETFLIX INC 18,065 58,940
    ULTA BEAUTY INC 32,922 41,351
    XPO LOGISTICS INC 23,975 47,561
    BOOKING HOLDINGS INC 45,794 62,364
    POOL CORPORATION COM 25,477 63,698
    MORGAN STANLEY COM 67,075 81,482
    WELLS FARGO & CO 328,050 150,900
    ISHARES RUSSELL 2000 ETF 298,726 372,710
    ISHARES CORE MSCI EMERGING MARKETS ETF 48,881 64,087
    DEXCOM INC 41,169 76,532
    PRA HEALTH SCIENCES INC 32,904 44,782
    VERTEX PHARMACEUTICALS INC COM 33,604 47,504
    ARISTA NETWORKS INC 51,883 64,797
    LULULEMON ATHLETICA INC 24,623 45,244
    ACTIVISION BLIZZARD INC 24,717 48,561
    BROADCOM INC 53,294 93,700
    FIDELITY NATL INFORMATION SVCS INC 29,478 58,706
    NVIDIA CORP 28,462 99,218
    CANADIAN PAC RY LTD COM 33,960 55,470
    INVESCO OPPENHEIMER DEVELOPING MARKETS FUND CLASS R6 250,000 320,137
    CHIPOTLE MEXICAN GRILL INC 19,010 38,828
    FLEETCOR TECHNOLOGIES INC 39,047 41,197
    ELI LILLY & CO 52,553 57,406
    TELADOC HEALTH INC 28,184 26,995
    TRIMBLE INC 32,949 49,677
    ZENDESK INC 32,613 51,666

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    SYLARN FOUNDATION
    EIN:
    47-4866886
    US Government Securities - End of Year Book Value:

    579,866
    US Government Securities - End of Year Fair Market Value:

    617,871
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    SYLARN FOUNDATION
    EIN:
    47-4866886
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    T ROWE PRICE INSTITUTIONAL FLOAT RATE FUND AT COST 46,246 44,767
    WELLS FARGO SHORT-TERM BOND FUND AT COST 109,482 113,255
    AQR MANAGED FUTURES STRATEGY FUND AT COST 89,982 78,009
    BLACKROCK GLOBAL LONG/SHORT CREDIT FUND AT COST 241,469 230,602
    EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FUND AT COST 67,487 66,932
    NEUBERGER BERMAN LONG SHORT FUND AT COST 242,690 275,371
    SPDR DJ WILSHIRE INTERNATIONAL REAL ESTATE ETF AT COST 294,952 266,141
    EATON VANCE FLOATING RATE FUND AT COST 97,973 94,286
    JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND AT COST 91,922 101,288
    COHEN & STEERS PREFERRED SECURITIES AND INCOME FUND AT COST 248,459 265,814
    TCW EMRG MKTS AT COST 553,141 584,506
    POWERSHARES DB OPTIMUM YIELD DIVERSIFIED COMMODITY STRATEGY AT COST 49,679 41,065
    PRINCIPAL HIGH YIELD FUND CLASS R6 AT COST 184,357 188,258
    PGIM HIGH YIELD CLASS Q AT COST 110,000 116,319
    ALPHASIMPLEX GLOBAL ALTERNATIVES FUND AT COST 133,933 129,773
    COHEN & STEERS INSTITUTIONAL REALTY AT COST 325,000 279,614
    SERVICENOW INC AT COST 50,811 66,602

    TY 2020 LegalFeesSchedule
    Name:
    SYLARN FOUNDATION
    EIN:
    47-4866886
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    KENDRICKS BORDEAU KEEFE SEAVOY & LARSEN PC 458 458   0


    TY 2020 OtherDecreasesSchedule
    Name:
    SYLARN FOUNDATION
    EIN:
    47-4866886
    Description Amount
    BOOK VERSUS TAX ACCRUED INTEREST PAID 45


    TY 2020 OtherExpensesSchedule
    Name:
    SYLARN FOUNDATION
    EIN:
    47-4866886
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 472 472   0


    TY 2020 OtherIncomeSchedule2
    Name:
    SYLARN FOUNDATION
    EIN:
    47-4866886
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL EXCISE TAX REFUND 17,288   17,288
    RECOVERY OF BANK FEES 51,866 51,866 51,866


    TY 2020 OtherIncreasesSchedule
    Name:
    SYLARN FOUNDATION
    EIN:
    47-4866886
    Description Amount
    BASIS ADJUSTMENTS 3,907
    BOOK VERSUS TAX TIMING - DIVIDENDS 2,835


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    SYLARN FOUNDATION
    EIN:
    47-4866886
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WELLS FARGO BANK - INVESTMENT MANAGEMENT FEES 84,370 84,370   0


    TY 2020 TaxesSchedule
    Name:
    SYLARN FOUNDATION
    EIN:
    47-4866886
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 4,627 4,627   0