TY 2020 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
Planet Heritage Foundation Inc

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

26-3878866

B Telephone number (see instructions)

(800) 839-1754

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$28,855,717J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	22,807		22,807
4	Dividends and interest from securities...	41,455		41,455
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		2,721,770
b	Gross sales price for all assets on line 6a 20,832,445
7	Capital gain net income (from Part IV, line 2)...			2,721,770
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).......		4,500	4,500
12	Total. Add lines 1 through 11........	2,790,532		2,790,532
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		568	0	0	568
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		14,309	13,459		850
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		60,442	18
19	Depreciation (attach schedule) and depletion...		545
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		82,317	557		81,760
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	158,181		14,034	0	83,178
25	Contributions, gifts, grants paid.......	4,269,075				4,269,075
26	Total expenses and disbursements. Add lines 24 and 25	4,427,256		14,034	0	4,352,253
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-1,636,724
b	Net investment income (if negative, enter -0-)			2,776,498
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	7,243,117	14,927,863	14,927,863
	3	Accounts receivable
		Less: allowance for doubtful accounts	359,715
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......		2,932,852	3,398,895
	c	Investments—corporate bonds (attach schedule).......		1,954,516	1,941,396
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	19,761,152	5,913,846	6,587,563
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)	1,817
	15	Other assets (describe )	2,000,000	2,000,000	2,000,000
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	29,365,801	27,729,077	28,855,717
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		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	29,365,801	27,729,077
	29	Total net assets or fund balances (see instructions).....	29,365,801	27,729,077
	30	Total liabilities and net assets/fund balances (see instructions).	29,365,801	27,729,077

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

29,365,801

Enter amount from Part I, line 27a .....................

-1,636,724

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

27,729,077

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

27,729,077

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	Publicly-traded Securities
b	COMPUTER	P	2018-04-26	2020-12-31
c	STEELMILL FUND LTD.	P		2020-04-30
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	432,445	448,133	-15,688
b		1,272	-1,272
c	20,400,000	17,661,270	2,738,730
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			-15,688
b			-1,272
c			2,738,730
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	2,721,770
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 ...................		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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	38,593
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	38,593
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	38,593
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	38,477
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	870
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	39,347
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	754
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax754	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

DE, FL

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

Foundation Source Telephone no. bullet

(800) 839-1754

Located at bullet

501 Silverside Road Suite 123WilmingtonDE ZIP+4 bullet

198091377

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
A Fischer	Dir, Pres, Sec 3.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Pres, Sec 3.0	0	0	0
O Fischer	Dir, VP 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, VP 1.0	0	0	0
C E Mercer	VP 3.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	VP 3.0	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances










Total number of other employees paid over $50,000...................

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
Foundation Source	Administrative	76,770
55 Walls Drive 3rd Fl Fairfield,CT06824	Administrative	76,770

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

3,103,854

Average of monthly cash balances.......................

13,692,567

Fair market value of all other assets (see instructions)................

11,865,871

Total (add lines 1a, b, and c).........................

28,662,292

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

28,662,292

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

429,934

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

28,232,358

Minimum investment return. Enter 5% of line 5..................

1,411,618

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.)

Minimum investment return from Part X, line 6....................

1,411,618

Tax on investment income for 2020 from Part VI, line 5......

38,593

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

38,593

Distributable amount before adjustments. Subtract line 2c from line 1............

1,373,025

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,373,025

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

1,373,025

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

4,352,253

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

4,352,253

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

4,352,253

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)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7			1,373,025
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......
b Total for prior years:2018, 2017, 2016
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......	1,260,949
c From 2017......	373,914
d From 2018......	6,709
e From 2019......	270,149
fTotal of lines 3a through e........		1,911,721
4Qualifying distributions for 2020 from Part
XII, line 4: $ 4,352,253
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.....			1,373,025
e Remaining amount distributed out of corpus		2,979,228
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		4,890,949
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 ......		4,890,949
10 Analysis of line 9:
a Excess from 2016....	1,260,949
b Excess from 2017....	373,914
c Excess from 2018....	6,709
d Excess from 2019....	270,149
e Excess from 2020....	2,979,228

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

A Fischer

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AMERICAN COMMITTEE FOR THE WEIZMANN INSTITUTE OF S 633 3RD AVE 20TH FL NEW YORK,NY10017	N/A	PC	General & Unrestricted	1,000,000
HARLEM CHILDRENS ZONE INC 35 E 125TH ST NEW YORK,NY10035	N/A	PC	Friend of the Children - Charitable Event	1,000,000
MELIMOYU FOUNDATION LOTE N2 LA FABRICA KM 7 RD PUERTO VARAS,ENSENADA CI	N/A	PC	the coastal marine protected area initiative	39,075
MICHAEL DUKAKIS INSTITUTE 67 MOUNT VERNON ST UNIT F BOSTON,MA02108	N/A	PC	CAIDP Fund	35,000
NATIONAL PHILANTHROPIC TRUST 165 TOWNSHIP LINE RD STE 1200 JENKINTOWN,PA19046	N/A	PC	General & Unrestricted	1,945,000
OCEAN UNITE 3517 W PL NW WASHINGTON,DC20007	N/A	PC	General & Unrestricted	50,000
REDFORD CENTER INC 1016 LINCOLN BLVD STE 322 SAN FRANCISCO,CA94129	N/A	PC	General & Unrestricted	200,000
Total ................................. 3a				4,269,075

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	22,807
4 Dividends and interest from securities....			14	41,455
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	2,721,770
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aCREDIT CARD REWARDS PROGRAM			01	4,500
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				2,790,532

13Total. Add line 12, columns (b), (d), and (e)..................

2,790,532

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

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

TY 2020 DepreciationSchedule

Name:

Planet Heritage Foundation Inc

EIN:

26-3878866

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
COMPUTER	2018-04-26	2,725	908	SL	5	545

- TIN:

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

TY 2020 ExpenditureResponsibilityStmt

Name:

Planet Heritage Foundation Inc

EIN:

26-3878866

Grantee's Name	Grantee's Address	Grant Date	Grant Amount	Grant Purpose	Amount Expended By Grantee	Any Diversion By Grantee?	Dates of Reports By Grantee	Date of Verification	Results of Verification
Choice Divesting (Aligned Intermediary)	41 Madison Ave 31st Floor New York,NY10010	2016-07-11	1,500,000	PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION		NO	9/25/2017, 2/25/2019, 11/24/2019, 10/15/2020		The grantor has no reason to doubt the accuracy or reliability of the report from the grantee; therefore, no independent verification of the report was made.
Choice Divesting (Aligned Intermediary)	41 Madison Ave 31st Floor New York,NY10010	2017-10-18	500,000	PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION		NO	2/25/2019, 11/24/2019, 10/15/2020		The grantor has no reason to doubt the accuracy or reliability of the reports from the grantee; therefore, no independent verification of the reports were made.

- TIN:

TY 2020 GeneralExplanationAttachment

Name:

Planet Heritage Foundation Inc

EIN:

26-3878866

Identifier	Return Reference	Explanation
Form 990-PF, Part VII-B, line 5c - expenditure responsibility	form 990-PF, Part VII-B, line 5c - EXPENDITURE RESPONSIBILITY	PRI RECIPIENT: Choice Divesting Inc. (f/k/a Aligned Intermediary, Inc.) DATE OF PRI: 7/11/2016 PURPOSE OF PRI: To fund the operational costs of Choice Divesting Inc. (f/k/a Aligned Intermediary, Inc.), which will facilitate long-term investments in climate infrastructure including clear energy, water infrastructure, and waste-to-value. Choice Divesting Inc. (f/k/a Aligned Intermediary, Inc.) will also educate investors and the general public on the climate infrastructure sector. REPORTS OF AMOUNTS EXPENDED: RECIPIENT HAS SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT FOR ITS FISCAL YEARS INDICATED BELOW: DATE OF REPORT: 9/25/2017 FOR FYE 12/31/2016 DATE OF REPORT: 2/25/2019 FOR FYE 12/31/2017 DATE OF REPORT: 11/24/2019 FOR FYE 12/31/2018 DATE OF REPORT: 10/15/2020 FOR FYE 12/31/2019 DATE OF REPORT: 7/26/2021 FOR FYE 12/31/2020 THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 12/31/2020. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE.
Form 990-PF, Part VII-B, line 5c - expenditure responsibility	FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY	PRI RECIPIENT: Choice Divesting Inc. (f/k/a Aligned Intermediary, Inc.) DATE OF PRI: 10/18/2017 PURPOSE OF PRI: To fund the operational costs of Choice Divesting Inc. (f/k/a Aligned Intermediary, Inc.), which will facilitate long-term investments in climate infrastructure including clear energy, water infrastructure, and waste-to-value. Choice Divesting Inc. (f/k/a Aligned Intermediary, Inc.) will also educate investors and the general public on the climate infrastructure sector. REPORTS OF AMOUNTS EXPENDED: RECIPIENT HAS SUBMITTED FULL AND COMPLETE FINANCIAL REPORTS OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT FOR ITS FISCAL YEARS INDICATED BELOW: DATE OF REPORT: 2/25/2019 FOR FYE 12/31/2017 DATE OF REPORT: 11/24/2019 FOR FYE 12/31/2018 DATE OF REPORT: 10/15/2020 FOR FYE 12/31/2019 DATE OF REPORT: 7/26/2021 FOR FYE 12/31/2020 THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 12/31/2020. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE.

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

Planet Heritage Foundation Inc

EIN:

26-3878866

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AETNA INC - 3.500% - 11/15/202	98,698	99,862
AMERICAN EXPRESS - 3.400% - 02	98,234	97,741
AMERICAN HOME PRODS CORP - 7.2	97,412	93,983
APPLE INC - 2.500% - 02/09/202	98,343	97,160
COMCAST CORP - 3.700% - 04/15/	98,427	98,108
DEERE CO - 3.450% - 03/13/2025	98,773	98,568
DISNEY WALT CO - 2.350% - 12/0	99,114	98,645
DUKE ENERGY CORP - 3.950% - 10	99,812	98,945
EMERSON ELEC CO NOTE - 2.625%	100,098	98,860
GOLDMAN SACHS GROUP INC NOTE -	97,116	95,080
HONEYWELL INTL - 1.850% - 11/0	79,632	78,922
INTERNATIONAL BUSINESS MACHINE	99,600	99,688
JOHNSON & JOHNSON - 2.450% - 0	98,453	97,908
JP MORGAN CHASE - 3.900% - 07/	97,756	98,829
MICROSOFT CORP - 3.125% - 11/0	98,770	98,379
PEPSICO - 2.375% - 10/06/2026	98,581	99,116
U S BANCORP MTNS BK SR NT - 4.	99,264	97,114
VERIZON COMMUNICATIONS - 3.500	99,556	99,407
WALMART INC - 3.050% - 07/08/2	97,997	97,922
WELLPOINT INC - 3.700% - 08/15	98,880	97,159

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

Planet Heritage Foundation Inc

EIN:

26-3878866

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AIR PRODS & CHEM INC	51,257	57,376
AKAMAI TECH COM STK	59,342	61,419
ALEXANDRIA REAL ESTATE EQUITIE	57,846	66,476
ALIBABA GROUP HOLDING LTD	49,691	55,157
AMAZON COM	54,295	71,652
AMERICAN WATER WORKS COMPANY I	58,015	70,289
AMETEK INC	51,106	66,396
AT&T, INC	51,075	46,217
BIOGEN INC	52,319	43,095
CADENCE DESIGN SYSTEMS INC	55,055	66,169
CARLISLE COS INC	48,947	60,598
CHEMED CORP	52,493	60,718
CHURCH & DWIGHT	59,717	61,410
CIENA CORP	52,519	50,842
CITRIX SYSTEMS INC	59,505	55,293
COSTCO WHOLESALE CORPORATION	59,369	73,472
CROWN CASTLE INTL	57,775	54,284
DOLLAR GENERAL CORP	59,967	67,717
EDWARDS LIFESCIENCES	109,035	135,384
FIAT CHRYSLER AUTOMOBILES NV	42,364	59,335
FIDELITY NATIONAL INFORMATION	58,167	59,272
FORTINET INC	51,835	56,441
HONEYWELL INTL	49,717	69,766
INTERCONTINENTAL EXCHANGE, INC	58,560	70,442
INTUIT	50,399	67,233
L3HARRIS TECHNOLOGIES	56,549	54,249
LOCKHEED MARTIN CORP	50,312	45,082
MASTERCARD INC	50,978	59,966
MCDONALD'S CORP	57,045	64,159
MOLINA HEALTHCARE	53,705	64,017
MONSTER BEVERAGE CORP	52,428	68,805
MOTOROLA SOLUTIONS INC	55,297	66,493
NASDAQ OMX GROUP	59,161	66,370
NEWMONT GOLDCORP CORPORATION	60,164	62,645
NEXTERA ENERGY, INC	58,080	71,595
NORTHROP GRUMMAN CORP	58,375	53,021
PARKER HANNIFIN CP	49,437	71,916
PEPSICO INC	59,361	67,032
PERKIN ELMER INC	53,865	65,006
REPUBLIC SVCS INC	109,365	122,590
SONY CORP ADR	50,219	77,645
T-MOBILE US INC	50,628	68,908
THERMO FISHER SCIENTIFIC INC	59,644	70,799
TRANE TECHNOLOGIES PLC	49,815	77,806
UNITEDHEALTH GROUP INC	109,637	126,245
VERIZON COMMUNICATIONS	50,984	53,169
WAL-MART STORES INC	60,672	71,498
WASHINGTON FED INC	48,512	46,075
WASTE MANAGEMENT INC	57,260	63,093
ZEBRA TECHNOLOGIES CORP	50,227	73,023
ZOETIS INC	50,762	61,235

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

Planet Heritage Foundation Inc

EIN:

26-3878866

Category/ Item	Book Value	End of Year Fair Market Value
STEELMILL FUND LTD.	904,882	920,692
STM LCB LLC	3,813,964	4,471,871
TAE TECHNOLOGIES, INC	1,195,000	1,195,000

- TIN:

TY 2020 LandEtcSchedule2

Name:

Planet Heritage Foundation Inc

EIN:

26-3878866

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
COMPUTER

- TIN:

TY 2020 LegalFeesSchedule

Name:

Planet Heritage Foundation Inc

EIN:

26-3878866

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
General Consultations	568			568

- TIN:

TY 2020 OtherAssetsSchedule

Name:

Planet Heritage Foundation Inc

EIN:

26-3878866

Description	End of Year - Book Value	End of Year - Fair Market Value
PRI-CHOICE DIVESTING FKA ALIGN	1,400,000	1,400,000
PRI-CHOICE DIVESTING - EQUITY	100,000	100,000
PRI-CHOICE DIVESTING FKA ALIGN	500,000	500,000

- TIN:

TY 2020 OtherExpensesSchedule

Name:

Planet Heritage Foundation Inc

EIN:

26-3878866

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	76,770		76,770
Bank Charges	557	557
Indemnification Insurance	4,302		4,302
Office Supplies	295		295
REGISTERED AGENT FEES	393		393

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

Planet Heritage Foundation Inc

EIN:

26-3878866

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
CREDIT CARD rewards program	4,500	4,500

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

Planet Heritage Foundation Inc

EIN:

26-3878866

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	13,459	13,459
Philanthropic Consulting Srvcs	850			850

- TIN:

TY 2020 TaxesSchedule

Name:

Planet Heritage Foundation Inc

EIN:

26-3878866

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2020	37,800
990-PF Extension for 2019	22,624
Foreign Tax Paid	18	18