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
ASHAWAY CHARITABLE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)23 BROAD STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WESTERLY, RI02891
A Employer identification number

05-6003255
B Telephone number (see instructions)

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$1,518,641J 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... 37,515 37,515  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 49,588
b Gross sales price for all assets on line 6a 345,710
7 Capital gain net income (from Part IV, line 2)... 49,588
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... 628    
12 Total. Add lines 1 through 11........ 87,731 87,103  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 11,317 7,545   3,772
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 1,100 1,100 0 1,100
c Other professional fees (attach schedule).... Click to see attachment 50 50   50
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,105 44   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 13,572 8,739 0 4,922
25 Contributions, gifts, grants paid....... 66,500 66,500
26 Total expenses and disbursements. Add lines 24 and 25 80,072 8,739 0 71,422
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 7,659
b Net investment income (if negative, enter -0-) 78,364
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 8,415 5,107 5,107
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 511,903 Click to see attachment528,311 967,018
c Investments—corporate bonds (attach schedule)....... 534,400 Click to see attachment528,997 546,516
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
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) 1,054,718 1,062,415 1,518,641
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 1,054,718 1,062,415
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)..... 1,054,718 1,062,415
30 Total liabilities and net assets/fund balances (see instructions). 1,054,718 1,062,415
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
1,054,718
2
Enter amount from Part I, line 27a .....................
2
7,659
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
343
4
Add lines 1, 2, and 3 ..........................
4
1,062,720
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
305
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,062,415
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 61. DUPONT DE NEMOURS INC   2015-07-27 2020-01-23
b 30. DUPONT DE NEMOURS INC   2019-04-09 2020-01-23
c 110. GENERAL MOTORS CO   2017-10-06 2020-02-25
d 25000. HAVERFORD 08 JUN 2010 5.414% 01 MAR 2025   2011-11-04 2020-03-02
e 40. BOEING CO   2014-11-25 2020-03-18
50. CHEVRONTEXACO CORP COM   2017-03-01 2020-03-18
185. DISCOVER FINANCIAL SERVICES   2015-07-27 2020-03-18
120. EXXON MOBIL CORP COM   2013-10-02 2020-03-18
300. WEYERHAEUSER INC   2014-09-18 2020-03-18
25000. OCCIDENTAL PETROLEUM COR3.125%15 FEB 2022   2013-08-22 2020-04-15
.74 RAYTHEON TECHNOLOGIES CORP   2019-02-08 2020-04-22
25000. US TREASURY N/B 2.375% 30 APR 2020   2019-09-10 2020-04-30
25000. NYC TRANSL 03 NOV 2010 4.325% 01 NOV 2021   2010-11-10 2020-10-01
25000. RAYTHEON COMPANY 3.125% 15 OCT 2020   2013-08-22 2020-10-15
48. ABBOTT LABORATORIES INC   2016-09-12 2020-11-03
27. AMERICAN TOWER CORP   2015-12-03 2020-11-03
9. AMGEN INC   2014-12-18 2020-11-03
31. ANALOG DEVICES INC COM   2016-05-26 2020-11-03
68. APPLE COMPUTER     2020-11-03
2. BECTON DICKINSON & CO   2014-09-18 2020-11-03
11. BLACKROCK INC   2011-08-31 2020-11-03
47. BROADRIDGE FINANCIAL SOLUTIO   2015-04-16 2020-11-03
18. BROADCOM INC     2020-11-03
13. CERNER CORP   2020-04-07 2020-11-03
14. CLOROX COMPANY   2017-03-01 2020-11-03
34. COMCAST CORP-CLASS A   2014-09-18 2020-11-03
19. DISNEY WALT   2015-04-16 2020-11-03
48. DOMINION RES INC VA NEW COM   2015-06-19 2020-11-03
14. EQUINIX INC   2016-02-17 2020-11-03
19. HOME DEPOT INC   2011-07-08 2020-11-03
28. HONEYWELL INTL INC COM   2017-05-31 2020-11-03
4. IAA INC   2020-05-14 2020-11-03
250. IAA INC   2014-05-01 2020-11-03
10. KLA-TENCOR CORP COM   2017-03-01 2020-11-03
4. LOCKHEED MARTIN CORP COM   2015-12-03 2020-11-03
24. MARSH & MCLENNAN COS INC   2020-04-07 2020-11-03
1. MICROSOFT CORP   2012-07-02 2020-11-03
32. NEXTERA ENERGY INC   2017-03-01 2020-11-03
28. PNC FINANCIAL CORP   2013-01-17 2020-11-03
2. PEPSICO INC   2004-12-09 2020-11-03
22. PROCTER & GAMBLE CO   2019-03-18 2020-11-03
8. S&P GLOBAL INC   2020-03-31 2020-11-03
35. TRUIST FINANCIAL CORP   2016-11-22 2020-11-03
2. VERIZON COMMUNICATIONS COM   2016-02-17 2020-11-03
25. WAL MART STORES INC   2017-11-17 2020-11-03
15. WASTE MGMT INC DEL COM   2020-04-09 2020-11-03
16. MEDTRONIC PLC   2015-02-18 2020-11-03
2. CHUBB LTD   2016-10-13 2020-11-03
.5812 VIATRIS INC   2014-09-18 2020-11-25
25000. SYNCHRONY BANK 3.1% 27 NOV 2020   2018-11-16 2020-11-27
8.5614 VIATRIS INC     2020-12-09
30.4386 VIATRIS INC   2014-09-18 2020-12-09
19. AT&T INC   2014-09-18 2020-12-16
11. ANALOG DEVICES INC COM   2016-05-26 2020-12-16
20. APPLE COMPUTER   2013-10-01 2020-12-16
1. BLACKROCK INC   2011-08-31 2020-12-16
4. BROADCOM INC   2019-05-20 2020-12-16
19. CVS CORP COM   2017-02-22 2020-12-16
48. CISCO SYSTEMS   2016-08-12 2020-12-16
32. COMCAST CORP-CLASS A   2014-09-18 2020-12-16
22. DISNEY WALT   2015-04-16 2020-12-16
7. FIDELITY NATIONAL INFO SERV   2016-01-26 2020-12-16
5. HONEYWELL INTL INC COM   2017-05-31 2020-12-16
11. J P MORGAN CHASE & CO COM   2014-11-12 2020-12-16
1. JOHNSON & JOHNSON   2003-12-15 2020-12-16
1325. JPMORGAN STRAT INC OPP-I   2013-09-24 2020-12-16
74. KAR AUCTION SERVICES INC   2014-05-01 2020-12-16
8. KLA-TENCOR CORP COM   2017-03-01 2020-12-16
1. LAUDER ESTEE COS INC CL A   2020-11-03 2020-12-16
3. MARSH & MCLENNAN COS INC   2020-04-07 2020-12-16
10. PNC FINANCIAL CORP   2013-01-17 2020-12-16
2. PFIZER INC   2014-09-18 2020-12-16
23. RAYTHEON TECHNOLOGIES CORP   2019-02-08 2020-12-16
11. STARBUCKS CORP COM   2020-11-03 2020-12-16
2. STRYKER CORP   2020-11-03 2020-12-16
18. SYSCO CORP   2020-03-27 2020-12-16
30. TJX COS INC NEW COM   2018-06-08 2020-12-16
20. VIACOMCBS INC - CLASS B   2020-11-03 2020-12-16
2. ACCENTURE PLC-CL A   2014-09-18 2020-12-16
4. MEDTRONIC PLC   2015-02-18 2020-12-16
4. CHUBB LTD   2016-10-13 2020-12-16
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(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,691   3,920 -229
b 1,815   2,404 -589
c 3,499   4,941 -1,442
d 25,000   25,033 -33
e 3,965   5,415 -1,450
2,765   5,716 -2,951
5,036   10,269 -5,233
3,818   10,314 -6,496
4,876   7,498 -2,622
20,125   24,342 -4,217
46   56 -10
25,000   25,000  
26,024   25,008 1,016
25,000   24,906 94
5,265   1,982 3,283
6,326   2,642 3,684
1,983   1,506 477
3,719   1,806 1,913
7,540   1,181 6,359
474   230 244
6,919   1,816 5,103
6,757   2,530 4,227
6,382   5,209 1,173
944   846 98
2,969   1,920 1,049
1,452   968 484
2,364   2,057 307
3,974   3,304 670
10,507   4,019 6,488
5,284   694 4,590
5,028   3,579 1,449
238   143 95
14,866   4,680 10,186
2,117   913 1,204
1,459   863 596
2,547   2,164 383
207   30 177
2,429   1,041 1,388
3,341   1,744 1,597
274   103 171
3,112   2,235 877
2,684   1,967 717
1,566   1,556 10
116   101 15
3,576   2,432 1,144
1,723   1,507 216
1,655   1,254 401
271   248 23
10   8 2
25,000   25,000  
151   131 20
535   393 142
575   670 -95
1,575   641 934
2,532   347 2,185
706   165 541
1,672   1,089 583
1,306   1,523 -217
2,150   1,486 664
1,643   911 732
3,786   2,382 1,404
1,003   419 584
1,066   639 427
1,325   665 660
150   50 100
15,251   15,728 -477
1,439   845 594
2,064   731 1,333
253   224 29
350   271 79
1,431   623 808
76   58 18
1,627   1,730 -103
1,143   977 166
464   418 46
1,330   913 417
2,005   1,421 584
700   602 98
494   161 333
456   313 143
612   496 116
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
      102
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       -229
b       -589
c       -1,442
d       -33
e       -1,450
      -2,951
      -5,233
      -6,496
      -2,622
      -4,217
      -10
       
      1,016
      94
      3,283
      3,684
      477
      1,913
      6,359
      244
      5,103
      4,227
      1,173
      98
      1,049
      484
      307
      670
      6,488
      4,590
      1,449
      95
      10,186
      1,204
      596
      383
      177
      1,388
      1,597
      171
      877
      717
      10
      15
      1,144
      216
      401
      23
      2
       
      20
      142
      -95
      934
      2,185
      541
      583
      -217
      664
      732
      1,404
      584
      427
      660
      100
      -477
      594
      1,333
      29
      79
      808
      18
      -103
      166
      46
      417
      584
      98
      333
      143
      116
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 49,588
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 1,089
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 1,089
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 1,089
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 560
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 560
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 529
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletRI
    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 ofbulletThe Washington Trust Company Telephone no.bullet (401) 348-1234

    Located atbullet23 BROAD STREETWESTERLYRI ZIP+4bullet02891
    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
     
     
    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
    The Washington Trust Company Trustee
    1     		11,317    
    23 Broad Street
    Westerly,RI02891
    Pamela Crandall Officer
    1     		0    
    24 Laurel Street
    Ashaway,RI02804
    Steven Crandall Trustee
    1     		0    
    24 Laurel Street
    Ashaway,RI02804
    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.........................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
    1,378,842
    b
    Average of monthly cash balances.......................
    1b
    34,670
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,413,512
    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
    1,413,512
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    21,203
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,392,309
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    69,615
    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
    69,615
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,089
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,089
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    68,526
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    68,526
    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
    68,526
    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
    71,422
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    71,422
    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
    71,422
    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 68,526
    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...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 1,020
    e From 2019...... 1,475
    fTotal of lines 3a through e........ 2,495
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 71,422
    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..... 68,526
    e Remaining amount distributed out of corpus 2,896
    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 5,391
    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 ......     		5,391
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 1,020
    d Excess from 2019.... 1,475
    e Excess from 2020.... 2,896
    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).)
    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 e-mail address of the person to whom applications should be addressed:
    Pamela Crandall
    21 Winward Drive
    Westerly,RI02891
    (401) 348-1300
    bThe form in which applications should be submitted and information and materials they should include:
    Informal letter to Pamela Crandall None None
    cAny submission deadlines:
    None None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    None None None
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    St Paul's School
    1789 BROAD STREET
    Cranston,RI02905     		NONE PUBLIC CHARITY EDUCATION 1,000
    DANA HALL School
    PO BOX 9010
    Wellesley,MA02482     		NONE PC OPERATIONAL 1,000
    Memorial & Library Association of
    Westerly ATTN Executive Director
    ATTN EXECUTIVE DIRECTOR
    Westerly,RI02891     		NONE PC OPERATIONAL 500
    Audubon Society of Rhode Island
    12 SANDERSON ROAD
    Smithfield,RI02917     		NONE PC OPERATIONS 1,000
    Ocean Community YMCA
    ATTN Maureen Fitzgerald CEO
    95 HIGH STREET
    Westerly,RI02891     		NONE PC OPERATIONS 10,000
    Ashaway Free Library
    15 KNIGHT STREET
    Ashaway,RI02804     		NONE PC OPERATIONS 1,000
    United Way of Rhode Island
    50 VALLEY STREET
    Providence,RI02909     		NONE PC OPERATIONS 6,000
    Meals on Wheels of Rhode Island
    70 BATH STREET
    Providence,RI02908     		NONE PC OPERATIONS 4,000
    Langworthy Public Library
    24 SPRING STREET
    Hope Valley,RI02832     		NONE PC GENERAL 500
    SAVE THE BAY
    100 SAVE THE BAY DRIVE
    PROVIDENCE,RI02905     		NONE PC OPERATIONS 3,000
    Jonnycake Center of Westerly
    PO BOX 273
    Westerly,RI02891     		NONE PC OPERATIONS 5,000
    Wood River Health Services Inc
    823 MAIN STREET
    Hope Valley,RI02832     		NONE PC OPERATIONAL 1,000
    Literacy Volunteers of Washington County
    PO BOX 245
    Westerly,RI02891     		NONE PC OPERATIONS 500
    Babcock-Smith House Museum
    124 GRANITE STREET
    Westerly,RI02891     		NONE PC OPERATIONS 500
    OCEAN COMMUNITY CHAMBER FOUNDATION
    1 CHAMBER WAY
    WESTERLY,RI02891     		NONE PC OPERATIONS 500
    Oak Grove Cemetery Association
    PO BOX 27
    Ashaway,RI02804     		NONE PC CEMETARY OPERATIONS 1,000
    Chorus of Westerly
    CHRISTOPHER FUSARO TREASURER
    Westerly,RI02891     		NONE PC OPERATIONS 500
    Connecticut College Fund
    BECKER HOUSE
    New London,CT063204196     		NONE PC EDUCATIONAL 1,000
    Trinity College
    DEVELOPMENT OFFICE
    Hartford,CT061063100     		NONE PC EDUCATIONAL 1,000
    Denison Pequotsepos Nature Center
    109 PEQUOTSEPOS ROAD
    Mystic,CT06355     		NONE PC OPERATIONS 1,000
    Artists' Cooperative Gallery of Westerly
    14 RAILROAD AVENUE
    Westerly,RI02891     		NONE PC OPERATING FUNDS 500
    International Tennis Hall of Fame
    194 BELLEVUE AVENUE
    Newport,RI02840     		NONE PC OPERATIONS 500
    RI CENTER ASSISTING THOSE IN NEED
    805 ALTON CAROLINA ROAD
    Carolina,RI02812     		NONE PC OPERATIONS 4,000
    Wood-Pawcatuck Watershed Association
    203 ARCADIA ROAD
    Hope Valley,RI02832     		NONE PC OPERATIONS 1,000
    Westerly Land Trust
    PO BOX 601
    Westerly,RI02891     		NONE PC OPERATIONS 5,000
    WARM Shelter
    56 SPRUCE STREET
    Westerly,RI02891     		NONE PC GENERAL 5,000
    Stand Up for Animals
    PO BOX 1706
    Westerly,RI02891     		NONE PC OPERATIONS 3,000
    Renaissance City Theatre Inc
    THE GRANITE THEATRE
    Westerly,RI02891     		NONE PC OPERATIONS 500
    HopeHealth
    Attn Philanthropy
    1085 NORTH MAIN STREET
    Providence,RI02904     		NONE PC PALLIATIVE CARE 2,000
    NATURE CONSERVANCY
    159 WATERMAN STREET
    PROVIDENCE,RI02906     		NONE PC OPERATIONS 4,000
    Hope Valley Fire Department
    996 MAIN STREET
    Hope Valley,RI02832     		NONE PC GENERAL 500
    Ashaway Volunteer Fire Department
    213 MAIN STREET
    Ashaway,RI02804     		NONE PC GENERAL 500
    Total .................................bullet 3a 66,500
    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 37,515  
    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 49,588  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER REVENUE     		    14 628  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   87,731  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    87,731
    (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:
    ASHAWAY CHARITABLE TRUST
    EIN:
    05-6003255
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,100 1,100   1,100

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    ASHAWAY CHARITABLE TRUST
    EIN:
    05-6003255
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ALLY BANK 3.25% 11-23-21 25,000 25,717
    CHELAN CNTY WA PUBLIC UTILITY 25,100 28,655
    DISCOVER BANK 3.4% 11-21-22 25,000 26,560
    GOODHUE CNTY MN TXBL CAPITAL S 25,057 28,164
    HAVERFORD TWP PA SCH DIST BUIL    
    SYNCHRONY BANK 3.12% 11-27-20    
    TENNESSEE VALLEY AUTHORITY VAR 17,500 17,885
    BLACKROCK STRATEGIC INC OPPORT 46,955 47,806
    FIEDLITY CONSERVATIVE INC BD F    
    ISHARES INTERMED GOVT CREDIT B 76,596 79,407
    JP MORGAN STRATEGIC INC OPP FD 24,113 23,575
    VANGUARD ST INVESTMENTD GRD 20,840 22,060
    OCCIDENTAL PETEROLEUM COPR 3.1    
    RAYTHEON CO 3.125% 10-15-20    
    25000 PAR VAL BANK HAPOALIM BM 25,000 25,285
    25000 PAR LIVE OAK BANKING CO 25,000 25,231
    25000 PAR MORGAN STANLEY PRIVA 25,000 26,273
    25000 PAR NEW YORK CITY NY TRA    
    25000 PAR UNITED STATES TREASU    
    ARTISAN HIGH INCOME FUND TICKE 21,623 22,748
    FIDELITY CONSERVATIVE INCOME B 50,175 50,300
    ISHARES CORE U.S. AGGREGATE BO 79,243 79,778
    SCHWAB US TIPS ETF TICKER: SCH 16,795 17,072

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    ASHAWAY CHARITABLE TRUST
    EIN:
    05-6003255
    Name of Stock End of Year Book Value End of Year Fair Market Value
    150 SHS ABBOT LABORATORIES 5,450 12,482
    75 SHS ACCENTURE PLC 5,520 16,195
    75 SHS AMERICAN TOWER CORP COM 6,676 12,794
    60 SHS AMGEN INC 9,001 12,186
    140 SHS ANALOG DEVICES INC 5,047 12,557
    85 SHS APPLE INC 4,361 28,661
    275 SHS AT&T INC 13,055 11,562
    90 SHS AUTOMATIC DATA PROCESSI 6,103 15,329
    50 SHS BECTON DICKINSON & CO 6,019 12,511
    30 SHS BLACKROCK INC 2,146 9,380
    40 SHS BOEING CO    
    125 SHS BROADRIDGE FINANCIAL S 4,871 12,716
    50 SHS CHEVRON CORP    
    85 SHS CHUBB LTD COM 9,892 12,314
    250 SHS CISCO SYSTEMS INC 11,503 15,349
    40 SHS CLOROX CO 4,387 6,058
    300 SHS COMCAST CORP CL A 6,839 12,524
    75 SHS CVS HEALTH CORP 11,638 12,021
    185 SHS DISCOVER FINANCIAL SVC    
    150 SHS DOMINION ENERGY INC 8,565 9,174
    185 SHS DOWDUPONT INC    
    29 SHS EQUINIX INC 6,404 12,855
    120 SHS EXXON MOBIL CORP    
    110 SHS FIDELITY NATIONAL INFO 7,241 14,995
    110 GENERAL MOTORS CO    
    70 SHS HOME DEPOT INC 2,810 12,219
    75 SHS HONEYWELL INTL INC 5,496 9,146
    80 SHS JOHNSON & JOHNSON 4,356 12,905
    125 SHS JP MORGAN CHASE CO 8,310 16,265
    250 SHS KAR AUCTION SVCS INC 9,545 11,836
    64 SHS KLA-TENCOR CORP 4,378 12,169
    40 SHS LOCKHEED MARTIN CORP 7,884 12,069
    125 SHS MEDTRONIC PLC 8,413 12,534
    135 SHS MICROSOFT CORP 5,112 28,692
    45 SHS NEXTERA ENERGY INC 5,952 12,653
    105 SHS PEPSICO INC 6,800 12,606
    250 SHS PFIZER INC 9,587 11,669
    100 SHS PNC FINANCIAL SVCS GRP 5,605 9,536
    200 SHS TJX COS INC 8,778 12,565
    200 SHS VERIZON COMMUNICATIONS 10,342 11,926
    60 SHS WAL MART STORES INC 9,120 12,109
    110 SHS WALT DISNEY CO 7,474 12,864
    4000 SHS WASHINGTON TRUST BANC 83,585 179,200
    25 SHS WATSCO INC 4,636 6,117
    300 SHS WEYERHAEUSER CO    
    327 SHS ISHARES RUSSELL 2000 E 23,817 65,288
    1116 SHS ISHARES RUSSELL MID C 27,198 77,804
    250 SHS ISHARES CORE MSCI EME 12,620 15,758
    449.291 SHS VIRTUS OPPORTUNITI 4,186 5,967
    50 SHS BROADCOM INC 7,888 12,698
    250 SHS OF IAA INC    
    101 SHS PROCTER & GAMBLE CO 10,273 12,523
    50 SHS RAYTHEON CO 9,096 9,296
    225 SHS OF TRUIST FINANCIAL CO 8,714 9,442
    AMCOR PLC TICKER: AMCR , CUSIP 11,632 12,535
    CERNER CORP TICKER: CERN , CUS 5,368 6,435
    ESTEE LAUDER COS INC/THE TICKE 5,612 6,655
    MARSH & MCLENNAN COS INC TICK 9,499 12,285
    MONDELEZ INTERNATIONAL INC TI 11,678 12,513
    S&P GLOBAL INC TICKER: SPGI , 4,825 6,246
    STARBUCKS CORP TICKER: SBUX , 7,819 9,414
    STRYKER CORP TICKER: SYK , CUS 5,431 6,371
    SYSCO CORP TICKER: SYY , CUSIP 6,521 9,208
    VIACOMCBS INC TICKER: VIAC , C 5,269 6,521
    WASTE MANAGEMENT INC TICKER: W 7,964 9,316

    TY 2020 OtherDecreasesSchedule
    Name:
    ASHAWAY CHARITABLE TRUST
    EIN:
    05-6003255
    Description Amount
    2021 TRANSACTION POSTED IN 2020 299
    ADJUSTMENT FOR FACTORING & ROUNDING 6


    TY 2020 OtherIncreasesSchedule
    Name:
    ASHAWAY CHARITABLE TRUST
    EIN:
    05-6003255
    Description Amount
    2020 TRANSACTION POSTED IN 2019 343


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    ASHAWAY CHARITABLE TRUST
    EIN:
    05-6003255
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDIT & ACCOUNTING FEES (ALLOC 50 50   50


    TY 2020 TaxesSchedule
    Name:
    ASHAWAY CHARITABLE TRUST
    EIN:
    05-6003255
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT - PRIOR YE 501 0   0
    FEDERAL ESTIMATES - PRINCIPAL 560 0   0
    FOREIGN TAXES ON QUALIFIED FOR 27 27   0
    FOREIGN TAXES ON NONQUALIFIED 17 17   0