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
WILLIAM W WEIL FOUNDATION INC
C/O H JOHN FELDMAN ESQUIRE
Number and street (or P.O. box number if mail is not delivered to street address)600 JENNINGS AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
EUSTIS, FL32726
A Employer identification number

59-3227671
B Telephone number (see instructions)

(352) 589-1414
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$10,085,514J 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 99,909 99,909  
4 Dividends and interest from securities... 95,681 95,681  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 55,533
b Gross sales price for all assets on line 6a 3,488,651
7 Capital gain net income (from Part IV, line 2)... 55,533
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 251,123 251,123  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 114,537 114,537   114,537
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,000 3,000    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
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 93 93    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 117,630 117,630   114,537
25 Contributions, gifts, grants paid....... 345,000 345,000
26 Total expenses and disbursements. Add lines 24 and 25 462,630 117,630   459,537
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -211,507
b Net investment income (if negative, enter -0-) 133,493
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............. 294,321 235,150 235,150
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
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)      
b Investments—corporate stock (attach schedule)....... 2,452,594 Click to see attachment3,031,595 5,695,898
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,795,000 Click to see attachment4,095,000 4,154,466
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) 7,541,915 7,361,745 10,085,514
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 7,541,915 7,361,745
29 Total net assets or fund balances (see instructions)..... 7,541,915 7,361,745
30 Total liabilities and net assets/fund balances (see instructions). 7,541,915 7,361,745
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
7,541,915
2
Enter amount from Part I, line 27a .....................
2
-211,507
3
Other increases not included in line 2 (itemize) bullet
3
31,337
4
Add lines 1, 2, and 3 ..........................
4
7,361,745
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,361,745
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 55,533
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 1,856
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 1,856
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,856
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 4,304
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,304
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 2,448
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet2,448 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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)
    bulletFL
    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 ofbulletH JOHN FELDMAN Telephone no.bullet (352) 589-1414

    Located atbullet600 JENNINGS AVENUEEUSTISFL ZIP+4bullet32726
    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
     
     
    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
    H JOHN FELDMAN DIR/PRES/SEC
    5.00     		38,179 0 0
    600 JENNINGS AVENUE
    EUSTIS,FL32726
    KAREN B HART DIR/VP
    5.00     		38,179 0 0
    PO BOX 217
    NOBLETON,FL34661
    THOMAS W MCKEAN DIRECTOR
    5.00     		38,179 0 0
    3625 DIANE DRIVE
    BOYNTON BEACH,FL33433
    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  
    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.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    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
    8,970,805
    b
    Average of monthly cash balances.......................
    1b
    504,295
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,475,100
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    9,475,100
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    400,000
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,075,100
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    453,755
    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
    453,755
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,856
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,856
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    451,899
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    451,899
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    451,899
    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
    459,537
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
    1,856
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    461,393
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    461,393
    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 7 451,899
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019...... 75,311
    fTotal of lines 3a through e........ 75,311
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 461,393
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 451,899
    e Remaining amount distributed out of corpus 9,494
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 84,805
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		84,805
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019.... 75,311
    e Excess from 2020.... 9,494
    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 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
    FRANKLIN PARK COMMITTEE
    826 EAST LINCOLN STREET
    GREENFIELD,IN46140     		    YOUTH BASEBALL 50,000
    HANCOCK COUNTY COMMUNITY FOUNDATION
    110 S STATE STREET
    GREENFIELD,IN46140     		    LITERACY ENRICHMENT PROGRAM 245,000
    BOYS & GIRLS CLUB HANCOCK COUNTY
    715 E LINCOLN STREET
    GREENFIELD,IN46140     		    REPAIRS 50,000
    Total .................................bullet 3a 345,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 99,909  
    4 Dividends and interest from securities....     14 95,681  
    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 ............     		    14 147 55,386
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   195,737 55,386
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    251,123
    (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:
    WILLIAM W WEIL FOUNDATION INC
     
    C/O H JOHN FELDMAN ESQUIRE
    EIN:
    59-3227671
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEVERIITT & ASSOCIATES P.A. 3,000 3,000    

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

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    WILLIAM W WEIL FOUNDATION INC
     
    C/O H JOHN FELDMAN ESQUIRE
    EIN:
    59-3227671
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    BOSTON PROPERTIES INC 2019-12 PURCHASE 2020-05   22,055 41,617     -19,562  
    JP MORGAN CHASE BK CD 2019-11 PURCHASE 2020-05   175,000 175,000        
    JP MORGAN CHASE BK CD 2019-12 PURCHASE 2020-06   70,000 70,000        
    NATIONAL RETAIL PPTYS INC 2019-12 PURCHASE 2020-05   19,238 38,722     -19,484  
    RAYTHEON TECHNOLOGIES CORP 2020-04 PURCHASE 2020-08   20,468 21,749     -1,281  
    TEXAS EXCHANGE BK CD 2019-12 PURCHASE 2020-06   100,000 100,000        
    TEXAS EXCHANGE BK CD 2020-01 PURCHASE 2020-07   100,000 100,000        
    VIATRIS INC 2020-06 PURCHASE 2020-11   1 1        
    SHORT TERM VARIOUS CD'S 2020-02 PURCHASE 2020-12   1,730,000 1,730,000        
    BARCLAYS BK DELAWARE 2017-07 PURCHASE 2020-07   50,000 50,000        
    ALLY BANK CD 2017-10 PURCHASE 2020-10   50,000 50,000        
    BARCLAYS BK CD 2018-10 PURCHASE 2020-11   50,000 50,000        
    CARNIVAL CORP 2018-03 PURCHASE 2020-08   6,655 26,351     -19,696  
    DISCOVER BK CD 2017-11 PURCHASE 2020-12   50,000 50,000        
    FOOT LOCKER IINC 2019-01 PURCHASE 2020-08   23,648 45,290     -21,642  
    ILLINOIS TOOL WORKS INC 2016-01 PURCHASE 2020-05   38,557 22,672     15,885  
    MORGAN STAMLEY PVT BK CD 2018-11 PURCHASE 2020-12   100,000 100,000        
    SALLIE MAE BANK CD 2017-12 PURCHASE 2020-12   35,000 35,000        
    SYSCO CORPORATION 2017-12 PURCHASE 2020-10   60,423 52,034     8,389  
    VF CORPORATION 2018-11 PURCHASE 2020-05   18,922 25,041     -6,119  
    COMENITY BANK CD 2017-05 PURCHASE 2020-05   100,000 100,000        
    COMENITY BANK CD 2018-08 PURCHASE 2020-08   100,000 100,000        
    EATON CORP 2015-10 PURCHASE 2020-08   50,718 27,241     23,477  
    DISNEY WALT CO 1999-03 PURCHASE 2020-05   59,426 18,110     41,316  
    EAGLEBANK CD 2019-02 PURCHASE 2020-03   100,000 100,000        
    NEW YORK CMNTY BK CD 2019-05 PURCHASE 2020-05   100,000 100,000        
    STARBUCKS CORP 2013-10 PURCHASE 2020-10   108,393 54,290     54,103  
    US BANK NATL ASSOC CD 2019-01 PURCHASE 2020-02   150,000 150,000        

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    WILLIAM W WEIL FOUNDATION INC
     
    C/O H JOHN FELDMAN ESQUIRE
    EIN:
    59-3227671
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M COMPANY 52,092 56,807
    ABBOTT LABORATORIES 64,165 186,133
    ACCENTURE PLC IRELAND 34,060 91,424
    ADVANCED MICRO DEVICES 16,242 45,855
    AIR PRODUCTS & CHEMICALS 33,017 54,644
    ALPHABET INC 23,478 52,579
    AMAZON COM INC 84,295 113,993
    AMERICAN ELECTRIC POWER 47,588 43,717
    AMERICAN TOWER CORP 22,069 22,446
    AMGEN INC 14,644 22,992
    APPLE INC 80,743 371,532
    APPLIED MATERIALS INC 23,102 276,160
    ASTRAZENECA PLC 25,316 23,745
    BANK OF AMERICA CORP 73,512 90,930
    BERKSHIRE HATHAWAY INC 28,893 46,374
    BOSTON PROPERTIES INC    
    CARNIVAL CORP    
    CHEVRON CORPORATION 6,828 33,780
    CISCO SYSTEMS INC 20,359 29,088
    COCA COLA COMPANY 20,517 54,840
    COMCAST CORP NEW 87,556 113,970
    CROWN CASTLE INTL CORP 24,009 23,878
    CSX CORP 18,636 49,912
    DISCOVER FINANCIAL 20,629 27,159
    DISNEY WALT COMPANY 21,565 108,708
    DUKE ENERGY CORP 27,813 45,780
    EATON CORP PLC 19,973 60,070
    EBAY INC 29,779 27,638
    EDWARDS LIFESCIENCE CORP 903 109,476
    ENTERGY CORP 59,157 57,408
    EXELON CORPORATION 44,710 42,220
    EXXON MOBIL CORP 48,868 24,732
    FACEBOOK INC 31,433 68,290
    FEDEX CORPORATION 28,758 32,452
    FIFTH THIRD BANCORP 30,269 34,463
    FIRST TR LOW DURATION 127,891 126,102
    FOOTLOCKER INC    
    GENERAL MILLS INC 17,220 23,520
    GLOBAL PAYMENTS INC 24,938 43,515
    HOME DEPOT INC 19,764 132,810
    HONEYWELL INTERNATIONAL 42,837 63,810
    HP INC 18,886 29,508
    ILLINOIS TOOL WORKS INC    
    INTEL CORP 40,642 67,257
    JANUS HENDERSON SHORT DURATION 50,901 50,470
    JOHNSON & JOHNSON 50,371 110,166
    JPMORGAN CHASE & CO 102,152 381,210
    KONTOOR BRANDS INC 1,627 1,866
    L3HARRIS TECHNOLOGIES INC 16,962 18,902
    LINDE PLC 38,336 48,749
    LOWES COMPANIES INC 15,548 14,446
    MARATHON PETROLEUM CORP 42,205 37,224
    MEDTRONIC PLC 60,805 87,855
    MERCK & CO INC NEW 42,665 57,260
    METLIFE INC 38,292 46,950
    MICROSOFT CORP 52,512 266,904
    MONDELEZ INTL INC 36,797 61,393
    NATIONAL RETAIL PPTYS INC    
    NORFOLK SOUTHERN CORP 48,070 95,044
    ORACLE CORPORATION 52,531 74,393
    PFIZER INC 15,471 18,405
    POLARIS INC 32,065 38,112
    PUBLIC SVC ENTERPRISE GRP INC 26,760 26,235
    SBA COMMUNICATIONS 20,926 21,160
    SCHLUMBERGER LTD 54,972 13,098
    SELECT SECTOR SPDR ETF 29,036 28,956
    SPDR S&P 500 TRUST ET 168,536 299,104
    STARBUCKS CORP 23,267 64,188
    STRYKER CORP 32,579 122,520
    SYSCO CORPORATION    
    TARGET CORP 48,082 70,612
    TJX COS INC 19,932 27,316
    TRACTOR SUPPLY CO 24,441 24,601
    TRUIST FINANCIAL CORP 95,651 93,895
    UNION PACIFIC CORP 55,080 114,521
    UNITED HEALTH GROUP INC 45,396 131,505
    VALERO ENERGY CORP NEW 31,267 25,456
    VANGUARD SHORT TERM ETF 75,671 74,925
    VERIZON COMMUNICATIONS 82,874 102,812
    VF CORPORATION    
    VIATRIS INC 848 1,162
    WAL-MART STORES INC 26,690 72,075
    WASTE MANAGEMENT INC DEL 15,121 42,691

    TY 2020 InvestmentsOtherSchedule2
    Name:
    WILLIAM W WEIL FOUNDATION INC
     
    C/O H JOHN FELDMAN ESQUIRE
    EIN:
    59-3227671
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACADEMY BANK CD AT COST 100,000 100,640
    ALLY BANK CD AT COST    
    ALLY BANK CD AT COST 100,000 100,217
    ALLY BANK CD AT COST    
    ALLY BANK CD AT COST    
    AMERICAN EXPRESS BANK CD AT COST 50,000 50,649
    AMERICAN EXPRESS BANK CD AT COST 150,000 154,470
    BANK HAPOALIM BM CD AT COST    
    BANK OF BARODA CD AT COST 225,000 225,013
    BANK OF BRIDGER CD AT COST    
    BANK OF CHINA CD AT COST    
    BANK OF EAST ASIA CD AT COST    
    BANK OF INDIA NY CD AT COST    
    BARCLAYS BANK CD AT COST    
    BARCLAYS BANK CD AT COST 50,000 51,326
    BARCLAYS BK DELAWARE CD AT COST    
    BMW BANK N AMERICA CD AT COST 100,000 100,082
    BMW BANK N AMERICA CD AT COST 50,000 51,512
    BMW BANK N AMERICA CE AT COST 95,000 96,235
    BRYN MAWR TR CO CD AT COST    
    CAPIAL ONE BANK CD AT COST 45,000 46,283
    CAPITAL ONE BANK CD AT COST 100,000 100,923
    CAPITAL ONE BANK CD AT COST 100,000 103,316
    CAPITAL ONE BANK CD AT COST 100,000 103,316
    CAPITAL ONE BANK CD AT COST 50,000 51,660
    CAPITAL ONE BANK CD AT COST 45,000 45,566
    CITI BANK CD AT COST 50,000 51,591
    CITIBANK CD AT COST 100,000 100,474
    CITIZENS BANK CD AT COST    
    COMENITY BANK CD AT COST    
    COMENITY BANK CD AT COST 150,000 150,404
    COMENITY BANK CD AT COST    
    DISCOVER BANK CD AT COST    
    EAGLES BANK CD AT COST 100,000 100,531
    EAGLES BANK CD AT COST    
    GOLDMAN SACHS BK CD AT COST 100,000 103,234
    GOLDMAN SACHS BK CD AT COST 100,000 103,131
    GOLDMAN SACHS BK CD AT COST 45,000 46,358
    HANCOCK WHITNEY BANK CD AT COST    
    INDEPENDENCE BANK CD AT COST 100,000 100,636
    JP MORGAN CHASE BANK CD AT COST    
    JP MORGAN CHASE BANK CD AT COST    
    JP MORGAN CHASE BANK CD AT COST 100,000 100,009
    MEDALLION BANK CD AT COST    
    MIZUHO BANK CD AT COST 225,000 224,984
    MORGAN STANLEY BANK CD AT COST 50,000 50,132
    MORGAN STANLEY BANK CD AT COST 100,000 102,991
    MORGAN STANLEY BANK CD AT COST 95,000 97,927
    MORGAN STANLEY BANK CD AT COST 45,000 46,429
    MORGAN STANLEY BANK PVT CD AT COST 100,000 102,981
    MORGAN STANLEY BANK PVT CD AT COST    
    NEW YORK CMNTY BANK CD AT COST    
    PREFERRED BANK CD AT COST 100,000 100,513
    RAYMOND JAMES BANK CD AT COST 150,000 153,649
    ROYAL ENERGY INC FMV    
    SAFRA NATIONAL BANK CD AT COST    
    SALLIE MAE BANK CD AT COST    
    SALLIE MAE BANK CD AT COST 50,000 50,515
    SALLIE MAE BANK CD AT COST 100,000 101,865
    SALLIE MAE BANK CD AT COST 60,000 62,129
    STATE BANK INDIA CD AT COST 150,000 152,463
    STATE BANK INDIA CD AT COST 95,000 96,538
    SYNCHRONY BANK CD AT COST 50,000 50,808
    TBK BANK CD AT COST 225,000 225,099
    TCF NATIONAL BANK CD AT COST    
    TEXAS EXCHANBE BK CD AT COST 45,000 45,031
    TEXAS EXCHANGE BK CD AT COST 100,000 100,022
    TIAA FSB CD AT COST 100,000 101,072
    TIAA FSB CD AT COST 50,000 51,742
    US BANK NATL ASSOC CD AT COST    
    ZIONS BANCORP CD AT COST    

    TY 2020 OtherExpensesSchedule
    Name:
    WILLIAM W WEIL FOUNDATION INC
     
    C/O H JOHN FELDMAN ESQUIRE
    EIN:
    59-3227671
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    BANK FEESD 32 32    
    STATE ANNUAL FEE 61 61