Form990-PF
Click to see list of attachments

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
THE STEWART W & WILLMA C HOYT
FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)70 FRONT STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BINGHAMTON, NY13905
A Employer identification number

22-3209342
B Telephone number (see instructions)

(607) 772-0780
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$23,795,802J Accounting method:
Modified Cash
(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... 371,155 371,155  
5a Gross rents............ 12,100 12,100  
b Net rental income or (loss) -38,815
6a Net gain or (loss) from sale of assets not on line 10 562,309
b Gross sales price for all assets on line 6a 2,642,005
7 Capital gain net income (from Part IV, line 2)... 562,309
8 Net short-term capital gain.........  
9 Income modifications........... 75,000
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........ 945,564 945,564 75,000
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 159,712 9,551   150,161
14 Other employee salaries and wages...... 55,886 9,998   45,888
15 Pension plans, employee benefits....... 3,719 916   2,803
16a Legal fees (attach schedule)......... Click to see attachment 2,730 683   2,047
b Accounting fees (attach schedule)....... Click to see attachment 10,800 4,320   6,480
c Other professional fees (attach schedule).... Click to see attachment 47,436 47,436   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 15,982 2,453   13,529
19 Depreciation (attach schedule) and depletion... Click to see attachment 37,798 12,150  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 2,045 205   1,840
22 Printing and publications.......... 302 0   302
23 Other expenses (attach schedule)....... Click to see attachment 92,467 43,537   48,930
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 428,877 131,249   271,980
25 Contributions, gifts, grants paid....... 838,287 838,287
26 Total expenses and disbursements. Add lines 24 and 25 1,267,164 131,249   1,110,267
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -321,600
b Net investment income (if negative, enter -0-) 814,315
c Adjusted net income (if negative, enter -0-)... 75,000
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............. 84,227 261,579 261,579
2 Savings and temporary cash investments......... 3,682,570 3,910,561 3,910,561
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).......      
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).......... 18,984,563 Click to see attachment19,311,962 19,311,962
14 Land, buildings, and equipment: basis bullet978,515
Less: accumulated depreciation (attach schedule) bullet598,931 403,096 Click to see attachment379,584 311,700
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,154,456 23,863,686 23,795,802
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) Click to see attachment600 Click to see attachment600
23 Total liabilities (add lines 17 through 22)......... 600 600
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........... 23,153,856 23,863,086
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    
29 Total net assets or fund balances (see instructions)..... 23,153,856 23,863,086
30 Total liabilities and net assets/fund balances (see instructions). 23,154,456 23,863,686
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
23,153,856
2
Enter amount from Part I, line 27a .....................
2
-321,600
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,030,830
4
Add lines 1, 2, and 3 ..........................
4
23,863,086
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
23,863,086
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 VANGUARD MEGA CAP VALUE ETF P    
b VANGUARD MEGA CAP VALUE ETF P    
c VANGUARD SMALL CAP VALUE ETF P    
d 30 EQUINIX INC P    
e 429 PIONEER NATURAL RESOURCES P    
212 WABTEK P    
INTERNATIONAL EXPLORER FUND P    
HIGH-YIELD COPR FUND ADM P    
HIGH YIELD CORP FUND ADM P    
DEROY & DEVEREAUX P    
DEROY & DEVEREAUX P    
BLN REIT FRACTIONAL SHARE P    
LITMAN GREGORY P    
CAPITAL GAINS DIVIDENDS P    
(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 699,421   495,027 204,394
b 200,762   144,146 56,616
c 149,981   116,588 33,393
d 20,575   12,395 8,180
e 37,208   67,482 -30,274
13,350   15,196 -1,846
100,000   124,927 -24,927
100,525   108,319 -7,794
129,475   132,953 -3,478
365,796   344,602 21,194
165,302   221,682 -56,380
14   9 5
300,000   296,370 3,630
359,596     359,596
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       204,394
b       56,616
c       33,393
d       8,180
e       -30,274
      -1,846
      -24,927
      -7,794
      -3,478
      21,194
      -56,380
      5
      3,630
      359,596
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 2 562,309
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 11,319
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 11,319
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 11,319
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 27,281
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 27,281
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 15,962
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet15,962 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    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
    Yes
     
    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 addressbulletWWW.HOYTFOUNDATION.ORG
    14
    The books are in care ofbulletTHE HOYT FOUNDATION INC Telephone no.bullet (607) 772-0780

    Located atbullet70 FRONT STREETBINGHAMTONNY ZIP+4bullet13905
    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
    CATHERINE A SCHWOEFFERMANN EXECUTIVE DIRECTOR
    50.00     		136,663 23,049 0
    70 FRONT STREET
    BINGHAMTON,NY13905
    MARENA GONZ VICE-CHAIR
    1.00     		0 0 0
    70 FRONT STREET
    BINGHAMTON,NY13905
    ROBERTA PETERSON BOARD MEMBER
    1.00     		0 0 0
    70 FRONT STREET
    BINGHAMTON,NY13905
    AUBREY CLARK CHAIR
    3.00     		0 0 0
    70 FRONT STREET
    BINGHAMTON,NY13905
    GAIL KOVAC SECRETARY/TREASURER
    2.00     		0 0 0
    70 FRONT STREET
    BINGHAMTON,NY13905
    JEFFERY SMITH BOARD MEMBER
    1.00     		0 0 0
    70 FRONT STREET
    BINGHAMTON,NY13905
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    21,186,127
    b
    Average of monthly cash balances.......................
    1b
    237,306
    c
    Fair market value of all other assets (see instructions)................
    1c
    108,152
    d
    Total (add lines 1a, b, and c).........................
    1d
    21,531,585
    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
    21,531,585
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    322,974
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    21,208,611
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,060,431
    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
    1,060,431
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    11,319
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    11,319
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,049,112
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    75,000
    5
    Add lines 3 and 4............................
    5
    1,124,112
    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
    1,124,112
    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
    1,110,267
    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
    10,237
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,120,504
    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
    1,120,504
    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 1,124,112
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019...... 814
    fTotal of lines 3a through e........ 814
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,120,504
    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..... 1,120,504
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 814 814
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		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 ..........     		2,794
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    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:
    CATHERINE A SCHWOEFFERMANN
    70 FRONT STREET
    BINGHAMTON,NY13905
    (607) 772-0780
    bThe form in which applications should be submitted and information and materials they should include:
    SEE APPLICATION ON WEBSITE AT WWW.HOYTFOUNDATION.ORG. ALSO SEE ATTACHED
    cAny submission deadlines:
    SEE ATTACHED APPLICATION INSTRUCTIONS
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE ATTACHED APPLICATION INSTRUCTIONS
    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
    AMERICAN CIVIC ASSOCIATION
    FRONT STREET
    BINGHAMTON,NY13905     		  PC ERECT LED SIGN OUTSIDE BUILDING 35,000
    BINGHAMTON ZOO
    185 PARK AVENUE
    BINGHAMTON,NY13903     		  PC FOR TWO GREEN INITIATIVES: COMPOSTING AND RAIN WATER RETENTION SYSTEMS 87,000
    BROOME COUNTY ARTS COUNCIL
    81 STATE ST STE 501
    BINGHAMTON,NY13901     		  PC UNITED CULTURAL FUND 2020 50,000
    BROOME COUNTY ARTS COUNCIL
    81 STATE ST STE 501
    BINGHAMTON,NY13901     		  PC COVID 12,100
    BROOME COUNTY COUNCIL OF CHURCHES
    3 OSTENINGO STREET
    BINGHAMTON,NY13903     		  PC CHOW AND COVID 20,000
    CHENANGO COUNTY COUNCIL OF THE ARTS INC
    27 W MAIN ST
    NORWICH,NY13815     		  PC DECENTRALIZATION CULTURAL RE-GRANT PROGRAM FOR BROOME COUNTY 2020 16,000
    EARLVILLE OPERA HOUSE
    18 EAST MAIN STREET
    EARLVILLE,NY13332     		  PC DECENTRALIZATION CULTURAL RE-GRANT PROGAM FOR BROOME COUNTY 2020-2022 2,500
    EXPONENT PHILANTHROPHY
    1720 NORTH STREET NW
    WASHINGTON,DC20036     		  PC COVID 250
    FENTON FREE LIBRARY
    1062 CHENANGO STREET
    BINGHAMTON,NY13901     		  PC TOWARD THE CONSTRUCTION OF A COMMUNTITY SPACE ADDITION TO THE EXISTING LIBRARY. 85,000
    GOODWILL THEATRE
    67 BROAD STREET SUITE 210
    JOHNSON CITY,NY13790     		  PC FOR MULTI-FACETED AND COLLABORATIVE PROGRAMING IN THE SCHORR FAMILY FIREHOUSE THEATRE. 15,000
    LOURDES HOSPITAL FOUNDATION
    169 RIVERSIDE DRIVE
    BINGHAMTON,NY13905     		  PC REPACE TWO-DIMENSIONAL MAMMOGRAPHY UNIT AT BREAST CARE CENTER AND MOBILE MAMMOGRAPHY VAN 75,000
    NEW YORK COUNCIL OF NONPROFITS
    272 BROADWAY
    ALBANY,NY12204     		  PC COVID 3,737
    NEW YORK COUNCIL OF NONPROFITS
    272 BROADWAY
    ALBANY,NY12204     		  PC ENHANCE SOUTHERN TIER CAPACITY BUILDING PROGRAM. 15,000
    RURAL HEALTH NETWORK
    455 COURT STREET
    BINGHAMTON,NY13904     		  PC RENOVATION AT NEWLY PURCHASED BUILDING 131,000
    TRI-CITIES OPERA
    315 CLINTON STREET
    BINGHAMTON,NY13905     		  PC COVID 35,700
    UNITED WAY OF BROOME COUNTY
    101 S JENSEN ROAD
    VESTAL,NY13850     		  PC COVID 10,000
    VOLUNTEERS IMPROVING NEIGHBORHOOD ENVIRONMENTS
    PO BOX 3104
    BINGHAMTON,NY13902     		  PC FOR THREE INTERRELATED CAPACITY-BUILDING PROGRAMS. 60,000
    WSKG PUBLIC MEDIA
    601 GATES ROAD
    VESTAL,NY13850     		  PC ENERGY EFFICIENT UPGRADES AT WSKG BUILDING 145,000
    WSKG PUBLIC MEDIA
    601 GATES ROAD
    VESTAL,NY13850     		  PC COVID 10,000
    YWCA OF BINGHAMTON & BROOME COUNTY
    80 HAWLEY STREET
    BINGHAMTON,NY13901     		  PC ENCOREPLUS BREAST & CERVICAL OUTREACH PROGRAM 30,000
    Total .................................bullet 3a 838,287
    bApproved for future payment
    BROOME COMMUNITY COLLEGE FOUNDATION
    PO BOX 1017
    BINGHAMTON,NY13901     		  PC GRANTS-IN-AID PROGRAM 100,000
    BROOME COUNTY ARTS COUNCIL
    81 STATE ST STE 501
    BINGHAMTON,NY13901     		  PC 2020 UNITED CULTURAL FUND 50,000
    BROOME COUNTY ARTS COUNCIL
    81 STATE ST STE 501
    BINGHAMTON,NY13901     		  PC ANNUAL BROOME COUNTY ARTS GUIDE 120,000
    BROOME COUNTY COUNCIL OF CHURCHES
    3 OSTENINGO STREET
    BINGHAMTON,NY13903     		  PC CONSTRUCTION MATERIALS FOR THE RAMP IT UP PROGRAM 20,000
    EARLVILLE OPERA HOUSE
    18 EAST MAIN STREET
    EARLVILLE,NY13332     		  PC DECENTRALIZATION CULTURAL RE-GRANT PROGRAM FOR BROOME COUNTY 2020-22 37,000
    GOODWILL THEATRE
    67 BROAD STREET SUITE 210
    JOHNSON CITY,NY13790     		  PC FOR MULTI-FACETED AND COLLABORATIVE PROGRAMING IN THE SCHORR FAMILY FIREHOUSE THEATRE 15,000
    MERCY HOUSE
    212 MCKINLEY AVENUE
    ENDICOTT,NY13760     		  PC PROGRAM/CAPITAL GRANT FOR KITCHEN RENOVATION & HIRE MUSICIANS TO ENGAGE WITH RESIDENTS 140,000
    NEW YORK COUNCIL OF NONPROFITS
    272 BROADWAY
    ALBANY,NY12204     		  PC SOUTHERN TIER CAPACITY BUILDING PROGRAM 15,000
    PUNCH OUT PARKINSON'S
    709 CONLIN ROAD
    BINGHAMTON,NY13903     		  PC EQUIPMENT, TRAINING AND COACHING SALARIES FOR PUNCH OUT CLASSES 15,000
    SEEDS OF HOPE
    31 LEWIS STREET
    BINGHAMTON,NY13901     		  PC CAREER & FINANCIAL LITERACY PROGRAM 10,000
    VESTAL HISTORICAL SOCIETYVESTAL MUSEUM
    605 VESTAL PKWY WEST
    VESTAL,NY13850     		  PC PHYSICAL MOVE OF THE VESTAL MUSEUM TO VESTAL RAIL TRAIL. 70,000
    Total .................................bullet 3b 592,000
    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....     14 371,155  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......     16 -38,815  
    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 ............     		    18 562,309  
    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).. 0 894,649 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    894,649
    (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

    Form 990PF Part XV Line 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
    AMERICAN CIVIC ASSOCIATIONFRONT STREET
    BINGHAMTON,NY13905     		  PC ERECT LED SIGN OUTSIDE BUILDING 35,000
    BINGHAMTON ZOO185 PARK AVENUE
    BINGHAMTON,NY13903     		  PC FOR TWO GREEN INITIATIVES: COMPOSTING AND RAIN WATER RETENTION SYSTEMS 87,000
    BROOME COUNTY ARTS COUNCIL81 STATE ST STE 501
    BINGHAMTON,NY13901     		  PC UNITED CULTURAL FUND 2020 50,000
    BROOME COUNTY ARTS COUNCIL81 STATE ST STE 501
    BINGHAMTON,NY13901     		  PC COVID 12,100
    BROOME COUNTY COUNCIL OF CHURCHES3 OSTENINGO STREET
    BINGHAMTON,NY13903     		  PC CHOW AND COVID 20,000
    CHENANGO COUNTY COUNCIL OF THE ARTS INC27 W MAIN ST
    NORWICH,NY13815     		  PC DECENTRALIZATION CULTURAL RE-GRANT PROGRAM FOR BROOME COUNTY 2020 16,000
    EARLVILLE OPERA HOUSE18 EAST MAIN STREET
    EARLVILLE,NY13332     		  PC DECENTRALIZATION CULTURAL RE-GRANT PROGAM FOR BROOME COUNTY 2020-2022 2,500
    EXPONENT PHILANTHROPHY1720 NORTH STREET NW
    WASHINGTON,DC20036     		  PC COVID 250
    FENTON FREE LIBRARY1062 CHENANGO STREET
    BINGHAMTON,NY13901     		  PC TOWARD THE CONSTRUCTION OF A COMMUNTITY SPACE ADDITION TO THE EXISTING LIBRARY. 85,000
    GOODWILL THEATRE67 BROAD STREET SUITE 210
    JOHNSON CITY,NY13790     		  PC FOR MULTI-FACETED AND COLLABORATIVE PROGRAMING IN THE SCHORR FAMILY FIREHOUSE THEATRE. 15,000
    LOURDES HOSPITAL FOUNDATION169 RIVERSIDE DRIVE
    BINGHAMTON,NY13905     		  PC REPACE TWO-DIMENSIONAL MAMMOGRAPHY UNIT AT BREAST CARE CENTER AND MOBILE MAMMOGRAPHY VAN 75,000
    NEW YORK COUNCIL OF NONPROFITS272 BROADWAY
    ALBANY,NY12204     		  PC COVID 3,737
    NEW YORK COUNCIL OF NONPROFITS272 BROADWAY
    ALBANY,NY12204     		  PC ENHANCE SOUTHERN TIER CAPACITY BUILDING PROGRAM. 15,000
    RURAL HEALTH NETWORK455 COURT STREET
    BINGHAMTON,NY13904     		  PC RENOVATION AT NEWLY PURCHASED BUILDING 131,000
    TRI-CITIES OPERA315 CLINTON STREET
    BINGHAMTON,NY13905     		  PC COVID 35,700
    UNITED WAY OF BROOME COUNTY101 S JENSEN ROAD
    VESTAL,NY13850     		  PC COVID 10,000
    VOLUNTEERS IMPROVING NEIGHBORHOOD ENVIRONMENTSPO BOX 3104
    BINGHAMTON,NY13902     		  PC FOR THREE INTERRELATED CAPACITY-BUILDING PROGRAMS. 60,000
    WSKG PUBLIC MEDIA601 GATES ROAD
    VESTAL,NY13850     		  PC ENERGY EFFICIENT UPGRADES AT WSKG BUILDING 145,000
    WSKG PUBLIC MEDIA601 GATES ROAD
    VESTAL,NY13850     		  PC COVID 10,000
    YWCA OF BINGHAMTON & BROOME COUNTY80 HAWLEY STREET
    BINGHAMTON,NY13901     		  PC ENCOREPLUS BREAST & CERVICAL OUTREACH PROGRAM 30,000
    Total ...............................bullet 3a 838,287
    bApproved for future payment
    BROOME COMMUNITY COLLEGE FOUNDATIONPO BOX 1017
    BINGHAMTON,NY13901     		  PC GRANTS-IN-AID PROGRAM 100,000
    BROOME COUNTY ARTS COUNCIL81 STATE ST STE 501
    BINGHAMTON,NY13901     		  PC 2020 UNITED CULTURAL FUND 50,000
    BROOME COUNTY ARTS COUNCIL81 STATE ST STE 501
    BINGHAMTON,NY13901     		  PC ANNUAL BROOME COUNTY ARTS GUIDE 120,000
    BROOME COUNTY COUNCIL OF CHURCHES3 OSTENINGO STREET
    BINGHAMTON,NY13903     		  PC CONSTRUCTION MATERIALS FOR THE RAMP IT UP PROGRAM 20,000
    EARLVILLE OPERA HOUSE18 EAST MAIN STREET
    EARLVILLE,NY13332     		  PC DECENTRALIZATION CULTURAL RE-GRANT PROGRAM FOR BROOME COUNTY 2020-22 37,000
    GOODWILL THEATRE67 BROAD STREET SUITE 210
    JOHNSON CITY,NY13790     		  PC FOR MULTI-FACETED AND COLLABORATIVE PROGRAMING IN THE SCHORR FAMILY FIREHOUSE THEATRE 15,000
    MERCY HOUSE212 MCKINLEY AVENUE
    ENDICOTT,NY13760     		  PC PROGRAM/CAPITAL GRANT FOR KITCHEN RENOVATION & HIRE MUSICIANS TO ENGAGE WITH RESIDENTS 140,000
    NEW YORK COUNCIL OF NONPROFITS272 BROADWAY
    ALBANY,NY12204     		  PC SOUTHERN TIER CAPACITY BUILDING PROGRAM 15,000
    PUNCH OUT PARKINSON'S709 CONLIN ROAD
    BINGHAMTON,NY13903     		  PC EQUIPMENT, TRAINING AND COACHING SALARIES FOR PUNCH OUT CLASSES 15,000
    SEEDS OF HOPE31 LEWIS STREET
    BINGHAMTON,NY13901     		  PC CAREER & FINANCIAL LITERACY PROGRAM 10,000
    VESTAL HISTORICAL SOCIETYVESTAL MUSEUM605 VESTAL PKWY WEST
    VESTAL,NY13850     		  PC PHYSICAL MOVE OF THE VESTAL MUSEUM TO VESTAL RAIL TRAIL. 70,000
    Total ................................bullet 3b 592,000

    TY 2020 AccountingFeesSchedule
    Name:
    THE STEWART W & WILLMA C HOYT
     
    FOUNDATION INC
    EIN:
    22-3209342
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 10,800 4,320   6,480

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

    TY 2020 DepreciationSchedule
    Name:
    THE STEWART W & WILLMA C HOYT
     
    FOUNDATION INC
    EIN:
    22-3209342
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    DRAPERIES 2002-06-04 4,078 4,078 SL 5.000000000000 0 0    
    BOARD ROOM FURNITURE 2004-10-18 9,800 9,800 SL 7.000000000000 0 0    
    OFFICE FURNITURE 2008-09-11 1,788 1,788 SL 7.000000000000 0 0    
    COMPUTER 2008-08-21 4,234 4,045 SL 3.000000000000 0 0    
    CABINETS 2018-12-10 3,242 3,242 SL 7.000000000000 0 0    
    ALARM SYSTEM 2011-05-01 1,878 1,878 SL 5.000000000000 0 0    
    TELEPHONE SYSTEM 2012-01-27 2,488 2,488 SL 5.000000000000 0 0    
    3 LENOVO DESKTOPS M71Z 2012-06-05 3,616 3,616 SL 5.000000000000 0 0    
    MACBOOK PRO LAPTOP 2013-02-25 1,629 1,629 SL 4.000000000000 0 0    
    LEASEHOLD IMPROVEMENT 2002-03-01 219,906 219,906 SL 10.000000000000 0 0    
    LEASEHOLD IMPROVEMENT 2003-06-02 23,851 23,851 SL 10.000000000000 0 0    
    IMPROVEMENT BOARD ROOM 2004-10-01 4,477 4,477 SL 10.000000000000 0 0    
    HVAC SYSTEM 2004-10-01 3,010 3,010 SL 10.000000000000 0 0    
    IMPROVEMENT - FRONT STEPS 2004-08-15 1,840 1,840 SL 15.000000000000 0 0    
    LEASEHOLD IMPROVE - 1ST FL 2004-10-01 13,150 13,150 SL 10.000000000000 0 0    
    NEW OFFICES ON 1ST FLOOR 2006-06-30 18,100 16,294 SL 15.000000000000 1,207 0    
    REPLACE PORCH ROOF 2006-06-30 9,657 8,694 SL 15.000000000000 644 0    
    THERMOSTAT INSTALLATION 2006-12-27 1,947 1,947 SL 10.000000000000 0 0    
    CONCRETE SIDEWALK 2006-08-08 4,768 4,240 SL 15.000000000000 318 0    
    BACK SIDE WALK 2007-06-04 1,550 1,296 SL 15.000000000000 103 0    
    REPLACE ROOF 2007-09-20 11,267 9,200 SL 15.000000000000 751 0    
    PAINTING BLDG 2010-10-31 77,950 71,454 SL 10.000000000000 6,496 0    
    LANDSCAPING 2010-11-01 5,065 3,098 SL 15.000000000000 338 0    
    PORCH RECONSTRUCTION 2010-07-01 27,700 17,546 SL 15.000000000000 1,847 0    
    INSULATION IN ATTIC 2010-09-01 3,600 2,240 SL 15.000000000000 240 0    
    70 FRONT BUILDING 2001-07-18 112,152 51,640 SL 40.000000000000 2,804 0    
    EXTERIOR IMPROVEMENTS 2001-09-01 15,640 15,640 SL 10.000000000000 0 0    
    REPLACE ROOF 2007-09-20 10,000 8,171 SL 15.000000000000 667 0    
    IMPROVEMENT NEW OFFICE 2008-09-11 5,244 5,241 SL 10.000000000000 0 0    
    GUTTER SYSTEM 2012-06-12 5,777 2,920 SL 15.000000000000 385 0    
    ELECTRIC PANEL 2013-01-01 2,700 1,260 SL 15.000000000000 180 0    
    LIGHTING UPGRADE 2013-09-05 1,847 1,172 SL 10.000000000000 185 0    
    BRICK REPOINTING 2015-06-30 2,150 968 SL 10.000000000000 215 0    
    LANDSCAPING - REAR HOUSE 2015-08-01 3,100 1,369 SL 10.000000000000 310 0    
    CHIMNEYS REBUILT 2016-03-31 3,750 938 SL 15.000000000000 250 0    
    LOWER LEVEL AC UNIT 2016-07-25 3,724 1,271 SL 10.000000000000 372 0    
    5 HAIRSTATION COUNTERTOPS 2016-11-01 4,165 1,320 SL 10.000000000000 417 0    
    SOLAR ARRAY 2017-08-01 77,499 9,365 SL 20.000000000000 3,875 0    
    DRIVEWAY & PARKING LOT 2017-08-01 125,549 15,170 SL 20.000000000000 6,277 0    
    WOOD AND GUARD RAIL FENCE 2017-08-01 10,310 4,983 SL 5.000000000000 2,062 0    
    SIGNS FOR PARKING LOT 2017-08-01 1,604 776 SL 5.000000000000 321 0    
    REBUILD PORCHES 2018-08-01 5,246 744 SL 10.000000000000 525 0    
    PORCH FLOORS 2018-08-01 2,200 623 SL 5.000000000000 440 0    
    ALDO'S CEILING REPLACE 2018-05-01 5,205 868 SL 10.000000000000 521 0    
    SONIC WALL & MICROSOFT 0365 2019-10-15 2,504 209 SL 3.000000000000 835 0    
    MITSUBISHI HEAT/COOL SYSTEM 2019-12-04 7,650 53 SL 12.000000000000 638 0    
    RENOVATIONS TO BUILDING 2019-07-30 13,325 555 SL 10.000000000000 1,333 0    
    RENOVATIONS TO BUILDING 2019-08-06 12,800 1,067 SL 5.000000000000 2,560 0    
    LAND 2001-07-18 69,500   L   0 0    
    HEATING/COOLING UNIT CONFERENCE ROOM 2020-06-25 3,850   SL 12.000000000000 160 0    
    REAR CHAIN LINK FENCE 2020-06-25 7,400   SL 10.000000000000 370 0    
    PATIO FURNITURE (TABLE 4 CHAIRS) 2020-10-01 3,034   SL 5.000000000000 152 0    

    TY 2020 GeneralExplanationAttachment
    Name:
    THE STEWART W & WILLMA C HOYT
     
    FOUNDATION INC
    EIN:
    22-3209342
    Identifier Return Reference Explanation
    CONTOLLED ENTITY PART VII-A QUESTION 11 THE HOYT FOUNDATION IS THE 100% OWNER OF A SINGLE MEMBER LLC BY THE NAME OF, 70 FRONT STREET, LLC. WHICH OWNS THE OFFICE BUILDING OCCUPIED BY HOYT AND OTHERS. SINCE IT IS 100% OWNED IT IS CONSIDERED A DISREGARDED ENTITY FOR TAX REPORTING PURPOSES. THEREFORE, ALL FINANCIAL TRANSACTIONS OF THE LLC ARE INCLUDED IN THE REPORTING OF THE FOUNDATION AFTER APPROPRIATE ELIMINATIONS OF INTERCOMPANY TRANSACTIONS. THERE IS NO DEBT ON THE BUILDING, THEREFORE THERE IS NO DEBT- FINANCED UNRELATED BUSINESS INCOME.

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE STEWART W & WILLMA C HOYT
     
    FOUNDATION INC
    EIN:
    22-3209342
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    VANGUARD ETF MID CAP FMV 173,305 173,305
    VANGUARD INTERNATIONAL EXPLORE FMV 184,521 184,521
    VANGUARD HIGH YIELD FMV 21,069 21,069
    LIT-GREG/MASTERS SELECT INTL FMV 352,901 352,901
    CALAMOS GROWTH FMV 834,916 834,916
    TIFF MULTI ASSET FUND FMV 1,362,254 1,362,254
    VANGUARD PRIMECAP CORE FMV 1,496,234 1,496,234
    VANGUARD ST INV GR BONDS FMV 1,359,868 1,359,868
    VANGUARD INTER-MED BONDS FMV 1,566,361 1,566,361
    DEROY & DEV FMV 2,577,338 2,577,338
    VANGUARD ETF MEGA CAP FMV 304,177 304,177
    HAHN MID-CAP MANAGEMENT FMV 3,273,890 3,273,890
    VANGUARD STAR FUND FMV 4,266,487 4,266,487
    VANGUARD ETF SMALL CAP FMV 456,905 456,905
    BROADSTONE REIT FMV 1,081,736 1,081,736

    TY 2020 LandEtcSchedule2
    Name:
    THE STEWART W & WILLMA C HOYT
     
    FOUNDATION INC
    EIN:
    22-3209342
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    DRAPERIES 4,078 4,078 0  
    BOARD ROOM FURNITURE 9,800 9,800 0  
    OFFICE FURNITURE 1,788 1,788 0  
    COMPUTER 4,234 4,045 189  
    CABINETS 3,242 3,242 0  
    ALARM SYSTEM 1,878 1,878 0  
    TELEPHONE SYSTEM 2,488 2,488 0  
    3 LENOVO DESKTOPS M71Z 3,616 3,616 0  
    MACBOOK PRO LAPTOP 1,629 1,629 0  
    LEASEHOLD IMPROVEMENT 219,906 219,906 0  
    LEASEHOLD IMPROVEMENT 23,851 23,851 0  
    IMPROVEMENT BOARD ROOM 4,477 4,477 0  
    HVAC SYSTEM 3,010 3,010 0  
    IMPROVEMENT - FRONT STEPS 1,840 1,840 0  
    LEASEHOLD IMPROVE - 1ST FL 13,150 13,150 0  
    NEW OFFICES ON 1ST FLOOR 18,100 17,501 599  
    REPLACE PORCH ROOF 9,657 9,338 319  
    THERMOSTAT INSTALLATION 1,947 1,947 0  
    CONCRETE SIDEWALK 4,768 4,558 210  
    BACK SIDE WALK 1,550 1,399 151  
    REPLACE ROOF 11,267 9,951 1,316  
    PAINTING BLDG 77,950 77,950 0  
    LANDSCAPING 5,065 3,436 1,629  
    PORCH RECONSTRUCTION 27,700 19,393 8,307  
    INSULATION IN ATTIC 3,600 2,480 1,120  
    70 FRONT BUILDING 112,152 54,444 57,708  
    EXTERIOR IMPROVEMENTS 15,640 15,640 0  
    REPLACE ROOF 10,000 8,838 1,162  
    IMPROVEMENT NEW OFFICE 5,244 5,241 3  
    GUTTER SYSTEM 5,777 3,305 2,472  
    ELECTRIC PANEL 2,700 1,440 1,260  
    LIGHTING UPGRADE 1,847 1,357 490  
    BRICK REPOINTING 2,150 1,183 967  
    LANDSCAPING - REAR HOUSE 3,100 1,679 1,421  
    CHIMNEYS REBUILT 3,750 1,188 2,562  
    LOWER LEVEL AC UNIT 3,724 1,643 2,081  
    5 HAIRSTATION COUNTERTOPS 4,165 1,737 2,428  
    SOLAR ARRAY 77,499 13,240 64,259  
    DRIVEWAY & PARKING LOT 125,549 21,447 104,102  
    WOOD AND GUARD RAIL FENCE 10,310 7,045 3,265  
    SIGNS FOR PARKING LOT 1,604 1,097 507  
    REBUILD PORCHES 5,246 1,269 3,977  
    PORCH FLOORS 2,200 1,063 1,137  
    ALDO'S CEILING REPLACE 5,205 1,389 3,816  
    SONIC WALL & MICROSOFT 0365 2,504 1,044 1,460  
    MITSUBISHI HEAT/COOL SYSTEM 7,650 691 6,959  
    RENOVATIONS TO BUILDING 13,325 1,888 11,437  
    RENOVATIONS TO BUILDING 12,800 3,627 9,173  
    LAND 69,500 0 69,500  
    HEATING/COOLING UNIT CONFERENCE ROOM 3,850 160 3,690  
    REAR CHAIN LINK FENCE 7,400 370 7,030  
    PATIO FURNITURE (TABLE 4 CHAIRS) 3,034 152 2,882  


    TY 2020 LegalFeesSchedule
    Name:
    THE STEWART W & WILLMA C HOYT
     
    FOUNDATION INC
    EIN:
    22-3209342
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL EXPENSE 2,730 683   2,047


    TY 2020 OtherExpensesSchedule
    Name:
    THE STEWART W & WILLMA C HOYT
     
    FOUNDATION INC
    EIN:
    22-3209342
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BOARD FUNCTIONS 329 33   296
    BOOKS/SUBSCRIPTIONS 1,160 0   1,160
    CLEANING 4,280 428   3,852
    CONSULTANT FEES 31,279 31,279   0
    DUES & MEMBERSHIPS 6,395 640   5,755
    FILING FEES 775 0   775
    INSURANCE-GENERAL 7,275 728   6,547
    MISCELLANEOUS 646 0   646
    OFFICE FURNITURE 1,772 177   1,595
    OFFICE SUPPLIES 2,920 292   2,628
    PARKING 263 26   237
    PAYROLL SERVICE 1,376 130   1,246
    RENTAL EXPENSE 25,573 8,963   16,610
    COMPUTER SERVICE 1,504 150   1,354
    TELEPHONE 6,464 646   5,818
    PUBLIC NOTICE 8 0   8
    POSTAGE & MAILING 328 33   295
    REPAIRS & MAINTENANCE 120 12   108


    TY 2020 OtherIncreasesSchedule
    Name:
    THE STEWART W & WILLMA C HOYT
     
    FOUNDATION INC
    EIN:
    22-3209342
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 955,830
    RETURNED GRANT 75,000


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE STEWART W & WILLMA C HOYT
     
    FOUNDATION INC
    EIN:
    22-3209342
    Description Beginning of Year - Book Value End of Year - Book Value
    SECURITY DEPOSITS 600 600


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE STEWART W & WILLMA C HOYT
     
    FOUNDATION INC
    EIN:
    22-3209342
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 47,436 47,436   0


    TY 2020 TaxesSchedule
    Name:
    THE STEWART W & WILLMA C HOYT
     
    FOUNDATION INC
    EIN:
    22-3209342
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 1,043 1,043   0
    PAYROLL TAX 14,939 1,410   13,529