Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE HECKSCHER FOUNDATION FOR CHILDREN
 
Number and street (or P.O. box number if mail is not delivered to street address)123 EAST 70TH STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10021
A Employer identification number

13-1820170
B Telephone number (see instructions)

(212) 744-0190
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$349,572,390J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 25,604 25,604  
4 Dividends and interest from securities... 3,364,009 3,364,009  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,115,494
b Gross sales price for all assets on line 6a 93,489,549
7 Capital gain net income (from Part IV, line 2)... 8,115,494
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 255,250 255,250  
12 Total. Add lines 1 through 11........ 11,760,357 11,760,357  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 765,218 75,750   689,468
14 Other employee salaries and wages...... 665,345 0   665,345
15 Pension plans, employee benefits....... 544,917 17,480   527,437
16a Legal fees (attach schedule)......... Click to see attachment 33,233 0   33,233
b Accounting fees (attach schedule)....... Click to see attachment 70,000 17,500   52,500
c Other professional fees (attach schedule).... Click to see attachment 1,799,964 1,393,427   406,537
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 420,411 237,375   0
19 Depreciation (attach schedule) and depletion... 282,070 0  
20 Occupancy.............. 78,474 0   78,474
21 Travel, conferences, and meetings....... 12,745 0   12,745
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 280,139 0   280,139
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,952,516 1,741,532   2,745,878
25 Contributions, gifts, grants paid....... 8,279,987 8,279,987
26 Total expenses and disbursements. Add lines 24 and 25 13,232,503 1,741,532   11,025,865
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,472,146
b Net investment income (if negative, enter -0-) 10,018,825
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 585,162 415,019 415,019
2 Savings and temporary cash investments......... 4,959,000 7,343,119 7,343,119
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.......... 97,959 148,335 148,335
10a Investments—U.S. and state government obligations (attach schedule) 21,272,774 Click to see attachment17,132,819 17,796,583
b Investments—corporate stock (attach schedule)....... 75,721,825 Click to see attachment71,796,943 115,263,579
c Investments—corporate bonds (attach schedule)....... 10,471,615 Click to see attachment9,900,284 10,496,554
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 115,372,817 Click to see attachment120,443,757 188,529,358
14 Land, buildings, and equipment: basis bullet13,591,036
Less: accumulated depreciation (attach schedule) bullet4,011,193 9,765,096 9,579,843 9,579,843
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 238,246,248 236,760,119 349,572,390
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 attachment11,215 Click to see attachment15,477
23 Total liabilities (add lines 17 through 22)......... 11,215 15,477
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........... 238,235,033 236,744,642
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)..... 238,235,033 236,744,642
30 Total liabilities and net assets/fund balances (see instructions). 238,246,248 236,760,119
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
238,235,033
2
Enter amount from Part I, line 27a .....................
2
-1,472,146
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
236,762,887
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
18,245
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
236,744,642
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 STATE STREET BANK P    
b SRA DIVERSIFIED STRATEGIES P    
c SRA SELECT EQUITY P    
d SRA HEDGED EQUITY P    
e SRA PRIVATE EQUITY II P    
SRA PRIVATE EQUITY III P    
SRA PRIVATE EQUITY IV P    
OHA EUROPEAN STRATEGIC FUND P    
WELLSPRING CAPITAL PARTNERS P    
BRICKMAN REAL ESTATE FUND P    
CLASS ACTION LITIGATION 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 79,379,036   76,949,452 2,429,584
b 4,500,000   3,236,581 1,263,419
c 3,000,000   1,920,491 1,079,509
d 4,500,000   3,248,447 1,251,553
e 792,215     792,215
354,015     354,015
17,369     17,369
92,679     92,679
854,141     854,141
    19,084 -19,084
94     94
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       2,429,584
b       1,263,419
c       1,079,509
d       1,251,553
e       792,215
      354,015
      17,369
      92,679
      854,141
      -19,084
      94
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 8,115,494
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................................ 1 139,262
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........................... 3 139,262
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- ..... 5 139,262
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 123,785
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 100,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 223,785
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 84,523
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet84,523 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
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.HECKSCHERFOUNDATION.ORG
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (212) 744-0190

    Located atbullet123 EAST 70TH STREETNEW YORKNY ZIP+4bullet10021
    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
     
    No
    .........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). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    HOWARD GRANT SLOANE CHAIRMAN & CEO/TRUSTEE
    35.00     		462,218 69,673 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    MARK SMADBECK TRUSTEE
    1.00     		0 0 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    ARTHUR SMADBECK VICE-CHAIR & TREAS/TRUSTEE
    1.00     		0 0 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    LOUIS SMADBECK JR TRUSTEE
    1.00     		0 0 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    DAVID TILLSON TRUSTEE
    1.00     		0 0 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    PAUL SMADBECK TRUSTEE
    1.00     		0 0 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    LOUIS SMADBECK TRUSTEE
    1.00     		0 0 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    GAIL MEYERS VICE-CHAIR/TRUSTEE
    1.00     		0 0 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    PHILIPPE LAUB SECRETARY/TRUSTEE
    1.00     		0 0 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    MARK BECK TRUSTEE
    1.00     		0 0 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    NESSIA SLOANE KUSHNER TRUSTEE
    1.00     		0 0 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    KATHRYN MEYERS TRUSTEE
    1.00     		0 0 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    ALEXANDER SLOANE TRUSTEE
    1.00     		0 0 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    JAKE SLOANE TRUSTEE
    1.00     		0 0 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    JEFFREY SMADBECK TRUSTEE
    1.00     		0 0 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    HILARY AZRAEL TRUSTEE
    1.00     		0 0 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    OURANIA VOKOLOS-ZIAS ASST.TREASURER
    35.00     		303,000 69,918 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    DANIEL LAUB TRUSTEE
    1.00     		0 0 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    LEIGH KLINE TRUSTEE
    1.00     		0 0 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    ALEXANDER TAUBMAN TRUSTEE
    1.00     		0 0 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    MATT PERELMAN TRUSTEE
    1.00     		0 0 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    BRIAN FEINSTEIN TRUSTEE
    1.00     		0 0 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    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
    SHELBY ABELL SENIOR PROGRAM OFFIC
    35.00     		170,106 74,162 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    CHRISTINA FIGUEROA FACILITIES MANAGER /
    35.00     		120,000 58,677 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    CARA BOWMORE PROGRAM OFFICER
    35.00     		117,700 59,785 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    ASHLEY DUNN GRANTS MANAGER
    35.00     		110,400 60,928 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    ALYSSIA GEORGE RECEPTIONIST AND ADM
    35.00     		63,000 53,091 0
    123 EAST 70TH STREET
    NEW YORK,NY10021
    Total number of other employees paid over $50,000...................bullet 1
    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
    SUMMIT ROCK ADVISORS LLC INVESTMENT CONSULTING 861,778
    9 WEST 57TH STREET
    NEW YORK,NY10019
    EAGLE RIDGE INVESTMENT MGMT INVESTMENT CONSULTING 284,591
    5 HIGH RIDGE PARK
    STAMFORD,CT06905
    CIVIC ENTERTAINMENT GROUP LLC CONSULTING 95,000
    436 LAFAYETTE STREET
    NEW YORK,NY10003
    APERIO GROUP LLC INVESTMENT CONSULTING 75,894
    3 HARBOR DRIVE
    SAUSALITO,CA94965
    STELLA MARIE FIORE CONSULTING 70,810
    45 VALENCIA AVENUE
    STATEN ISLAND,NY10301
    Total number of others receiving over $50,000 for professional services.............bullet3
    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
    300,548,364
    b
    Average of monthly cash balances.......................
    1b
    610,609
    c
    Fair market value of all other assets (see instructions)................
    1c
    510,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    301,668,973
    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
    301,668,973
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    4,525,035
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    297,143,938
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    14,857,197
    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
    14,857,197
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    139,262
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    139,262
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    14,717,935
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    14,717,935
    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
    14,717,935
    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
    11,025,865
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    11,025,865
    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
    11,025,865
    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 14,717,935
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 10,444,423
    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......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 11,025,865
    a Applied to 2019, but not more than line 2a 10,444,423
    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..... 581,442
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 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 ..........     		14,136,493
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AMERICA NEEDS YOU
    82 NASSAU STREET
    NEW YORK,NY10038     		NO INDIVIDUALS PC WELFARE OF CHILDREN 4,800
    AMERICA NEEDS YOU
    82 NASSAU STREET
    NEW YORK,NY10038     		NO INDIVIDUALS PC WELFARE OF CHILDREN 200,000
    AMERICA NEEDS YOU
    82 NASSAU STREET
    NEW YORK,NY10038     		NO INDIVIDUALS PC WELFARE OF CHILDREN 6,000
    ARBOR BROTHERS INC
    135 MADISON AVE
    NEW YORK,NY10016     		NO INDIVIDUALS PC WELFARE OF CHILDREN 150,000
    CHILDREN'S HOSPITAL CORPORATION
    401 PARK DRIVE SUITE 602
    BOSTON,MA02215     		NO INDIVIDUALS PC WELFARE OF CHILDREN 100,000
    BOTTOM LINE INC
    44 COURT STREET
    BROOKLYN,NY11201     		NO INDIVIDUALS PC WELFARE OF CHILDREN 289,198
    BREAKTHROUGH MIAMIINC
    3250 SW THIRD AVENUE
    MIAMI,FL33129     		NO INDIVIDUALS PC WELFARE OF CHILDREN 100,000
    BRONX CENTER FOR SCIENCE AND MATHEMATICS
    1363 FULTON AVE
    BRONX,NY10456     		NO INDIVIDUALS PC WELFARE OF CHILDREN 15,000
    BROOKLYN COLLEGE FOUNDATION
    2900 BEDFORD AVE
    BROOKLYN,NY11210     		NO INDIVIDUALS PC WELFARE OF CHILDREN 202,400
    BUFFALO STATE COLLEGE FOUNDATION
    1300 ELMWOOD AVE
    BUFFALO,NY14222     		NO INDIVIDUALS PC WELFARE OF CHILDREN 2,500
    BUFFALO STATE COLLEGE FOUNDATION
    1300 ELMWOOD AVE
    BUFFALO,NY14222     		NO INDIVIDUALS PC WELFARE OF CHILDREN 27,500
    CHALKBEAT
    PO BOX 300434
    BROOKLYN,NY11230     		NO INDIVIDUALS PC WELFARE OF CHILDREN 25,000
    CHESS-IN-THE-SCHOOLS
    520 EIGHTH AVE22ND FLR
    NEW YORK,NY10018     		NO INDIVIDUALS PC WELFARE OF CHILDREN 5,244
    CHILDREN'S MUSEUM OF MANHATTAN
    THE TISCH BLDG 212 W 83RD ST
    NEW YORK,NY10024     		NO INDIVIDUALS PC WELFARE OF CHILDREN 333,333
    CHILDREN'S MUSEUM OF MANHATTAN
    THE TISCH BLDG 212 W 83RD ST
    NEW YORK,NY10024     		NO INDIVIDUALS PC WELFARE OF CHILDREN 15,000
    CONEY ISLAND PREP BUILDERS INC
    315 AVENUE U
    BROOKLYN,NY11223     		NO INDIVIDUALS PC WELFARE OF CHILDREN 8,750
    COOP CAREERS INC
    1460 BROADWAY
    NEW YORK,NY10036     		NO INDIVIDUALS PC WELFARE OF CHILDREN 150,000
    DUTCHESS COMMUNITY COLLEGE FOUNDATION INC
    53 PENDELL ROAD
    POUGHKEEPSIE,NY12601     		NO INDIVIDUALS PC WELFARE OF CHILDREN 27,500
    DUTCHESS DAY SCHOOL
    415 NY 343
    MILLBROOK,NY12545     		NO INDIVIDUALS PC WELFARE OF CHILDREN 3,000
    EPIC THEATRE CENTER INC
    410-412 WEST 42ND STREET 4E1
    NEW YORK,NY10036     		NO INDIVIDUALS PC WELFARE OF CHILDREN 95,000
    EXALT YOUTH
    17 BATTERY PLACE SUITE 307
    NEW YORK,NY10004     		NO INDIVIDUALS PC WELFARE OF CHILDREN 75,000
    THE FILM FOUNDATION INC
    7920 W SUNSET BLVD FL 6
    LOS ANGELES,CA90046     		NO INDIVIDUALS PC WELFARE OF CHILDREN 1,500
    FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC
    777 GLADES ROAD
    BOCA RATON,FL33431     		NO INDIVIDUALS PC WELFARE OF CHILDREN 250,000
    FRIENDS OF CENTRAL PARK EAST HIGH SCHOOL
    1573 MADISON AVE
    NEW YORK,NY10029     		NO INDIVIDUALS PC WELFARE OF CHILDREN 100,000
    FRIENDS OF KAREN INC
    118 TITICUS ROAD
    NORTH SALEM,NY10560     		NO INDIVIDUALS PC WELFARE OF CHILDREN 220,000
    GETTING OUT AND STAYING OUT INC
    201A EAST 124TH STREET
    NEW YORK,NY10035     		NO INDIVIDUALS PC WELFARE OF CHILDREN 100,000
    GLOBAL GLIMPSE
    490 LAKE PARK AVE 16039
    OAKLAND,CA94610     		NO INDIVIDUALS PC WELFARE OF CHILDREN 150,000
    GOODNATION FOUNDATION
    601 W26TH ST SUITE 325-26
    NEW YORK,NY10001     		NO INDIVIDUALS PC WELFARE OF CHILDREN 3,780
    THE GO PROJECT
    50 COOPER SQUARE
    NEW YORK,NY10003     		NO INDIVIDUALS PC WELFARE OF CHILDREN 120,000
    REASEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK
    16 COURT STREET 4TH FLOOR
    BROOKLYN,NY11201     		NO INDIVIDUALS PC WELFARE OF CHILDREN 100,000
    GRANTMAKERS FOR EDUCATION
    851 SW 6TH AVE SUITE 350
    PORTLAND,OR97204     		NO INDIVIDUALS PC WELFARE OF CHILDREN 2,500
    GRANTMAKERS FOR EDUCATION
    851 SW 6TH AVE SUITE 350
    PORTLAND,OR97204     		NO INDIVIDUALS PC WELFARE OF CHILDREN 3,700
    HARLEM FREE FIGHT ACADEMY
    151 W132 ST 3A
    NEW YORK,NY10027     		NO INDIVIDUALS PC WELFARE OF CHILDREN 1,500
    HERE TO HERE FOUNDATION
    452 EAST 149TH ST 2ND FLR
    BRONX,NY10455     		NO INDIVIDUALS POF WELFARE OF CHILDREN 150,000
    ITHACA COLLEGE
    953 DANBY ROAD
    ITHACA,NY14850     		NO INDIVIDUALS PC WELFARE OF CHILDREN 10,000
    ITHAKA HARBORS INC
    6 EAST 32ND STREET 10TH FLR
    NEW YORK,NY10016     		NO INDIVIDUALS PC WELFARE OF CHILDREN 222,975
    KEEWAYDIN FOUNDATION
    500 RUSTIC LANE
    SALISBURY,VT05769     		NO INDIVIDUALS PC WELFARE OF CHILDREN 25,000
    LAST MILE TALENT DEVELOPMENT INITIATIVE
    5425 VALLES AVE STE 4K
    BRONX,NY10471     		NO INDIVIDUALS PC WELFARE OF CHILDREN 50,000
    LOUIS AUGUST JONAS FOUNDATION INC
    77 BLEECKER STREET C2-13
    NEW YORK,NY10012     		NO INDIVIDUALS PC WELFARE OF CHILDREN 20,000
    THE MARIA I NEW CHILDREN'S HORMONE FOUNDATION
    MNT SINAI ONE GUSTAVE LEVY PLACE PO
    BOX 1198
    NEW YORK,NY10029     		NO INDIVIDUALS PC WELFARE OF CHILDREN 50,000
    MATHENGINEERING AND SCIENCE ACADEMY (MESA) CHARTER HIGH SCHOOL
    231 PALMETTO STREET
    BROOKLYN,NY11221     		NO INDIVIDUALS PC WELFARE OF CHILDREN 4,500
    MIAMI MUSIC PROJECT
    2000 S DIXIE HIGHWAY SUITE 100B
    MIAMI,FL33133     		NO INDIVIDUALS PC WELFARE OF CHILDREN 50,000
    MODERN STATES EDUCATION ALLIANCE
    1633 BROADWAY 48TH FLR
    NEW YORK,NY10019     		NO INDIVIDUALS POF WELFARE OF CHILDREN 150,000
    MODERN STATES EDUCATION ALLIANCE
    1633 BROADWAY 48TH FLR
    NEW YORK,NY10019     		NO INDIVIDUALS POF WELFARE OF CHILDREN 10,000
    FUND FOR PUBLIC SCHOOLS
    64-20 175TH STREET
    FRESH MEADOWS,NY11365     		NO INDIVIDUALS PC WELFARE OF CHILDREN 45,496
    FUND FOR PUBLIC SCHOOLS
    64-20 175TH STREET
    FRESH MEADOWS,NY11365     		NO INDIVIDUALS PC WELFARE OF CHILDREN 200,086
    FUND FOR PUBLIC SCHOOLS
    64-20 175TH STREET
    FRESH MEADOWS,NY11365     		NO INDIVIDUALS PC WELFARE OF CHILDEN 25,000
    FUND FOR PUBLIC SCHOOLS
    85-05 144 STREET
    QUEENS,NY11435     		NO INDIVIDUALS PC WELFARE OF CHILDREN 25,000
    NEW HEIGHTS YOUTH INC
    2472 BROADWAY PMB 112
    NEW YORK,NY10025     		NO INDIVIDUALS PC WELFARE OF CHILDREN 3,000
    NEW HEIGHTS YOUTH INC
    2472 BROADWAY PMB 112
    NEW YORK,NY10025     		NO INDIVIDUALS PC WELFARE OF CHILDREN 150,000
    THE NEW ROCHELLE CAMPERSHIP FUND INC
    PO BOX 255
    NEW ROCHELLE,NY10804     		NO INDIVIDUALS PC WELFARE OF CHILDREN 13,230
    ONEGOAL
    55 EXCHANGE PLACE SUITE 503
    NEW YORK,NY10005     		NO INDIVIDUALS PC WELFARE OF CHILDREN 100,000
    EDUCATIONAL FOUNDATION OF ORANGE COUNTY COMMUNITY COLLEGE INC
    115 SOUTH STREET
    MIDDLETOWN,NY10940     		NO INDIVIDUALS PC WELFARE OF CHILDREN 10,000
    EDUCATIONAL FOUNDATION OF ORANGE COUNTY COMMUNITY COLLEGE INC
    115 SOUTH STREET
    MIDDLETOWN,NY10940     		NO INDIVIDUALS PC WELFARE OF CHILDREN 12,500
    OVERGRAD
    11 E ADAMS ST STE 200
    CHICAGO,IL60603     		NO INDIVIDUALS NC WELFARE OF CHILDREN 100,000
    PARK AVENUE SYNAGOGUE
    50 E 87TH STREET
    NEW YORK,NY10128     		NO INDIVIDUALS PC WELFARE OF CHILDREN 5,000
    FRIENDS OF CENTRAL PARK EAST HIGH SCHOOL
    230 EAST 105TH STREET
    NEW YORK,NY10029     		NO INDIVIDUALS PC WELFARE OF CHILDREN 100,000
    FRIENDS OF CENTRAL PARK EAST HIGH SCHOOL
    230 EAST 105TH STREET
    NEW YORK,NY10029     		NO INDIVIDUALS PC WELFARE OF CHILDREN 109,523
    THE PARTNERSHIP FOR INNER-CITY CHILDREN
    1011 FIRST AVE STE 1800
    NEW YORK,NY10022     		NO INDIVIDUALS PC WELFARE OF CHILDREN 15,000
    PEAK GRANTMAKING
    1666 K STREET NW SUITE 440
    WASHINGTON,DC20006     		NO INDIVIDUALS PC WELFARE OF CHILDREN 875
    PEER HEALTH EXCHANGE
    55 EXCHANGE PLACE SUITE 405
    NEW YORK,NY10005     		NO INDIVIDUALS PC WELFARE OF CHILDREN 100,000
    PHILANTHROPY NEW YORK
    320 EAST 43RD STREET
    NEW YORK,NY10017     		NO INDIVIDUALS PC WELFARE OF CHILDREN 17,350
    PRACTICE MAKES PERFECT INC
    25 BROADWAY 12TH FLR
    NEW YORK,NY10004     		NO INDIVIDUALS NC WELFARE OF CHILDREN 300,000
    QUALITY SERVICES FOR THE AUTISM COMMUNITY INC
    253 WEST 35TH STREET 14TH FLR
    NEW YORK,NY10001     		NO INDIVIDUALS PC WELFARE OF CHILDREN 48,212
    QUALITY SERVICES FOR THE AUTISM COMMUNITY INC
    253 WEST 35TH STREET 14TH FLR
    NEW YORK,NY10001     		NO INDIVIDUALS PC WELFARE OF CHILDREN 103,087
    READ ALLIANCE INC
    160 BROADWAY 8TH FLR EAST BLDG
    NEW YORK,NY10038     		NO INDIVIDUALS PC WELFARE OF CHILDREN 100,000
    READ ALLIANCE INC
    160 BROADWAY 8TH FLR EAST BLDG
    NEW YORK,NY10038     		NO INDIVIDUALS PC WELFARE OF CHILDREN 100,000
    RED HOOK INITIATIVE
    767 HICKS STREET
    BROOKLYN,NY11231     		NO INDIVIDUALS PC WELFARE OF CHILDREN 9,442
    RED HOOK INITIATIVE
    767 HICKS STREET
    BROOKLYN,NY11231     		NO INDIVIDUALS PC WELFARE OF CHILDREN 100,000
    RELAY GRADUATE SCHOOL OF EDUCATION
    25 BROADWAY 3RD FLR
    NEW YORK,NY10004     		NO INDIVIDUALS PC WELFARE OF CHILDREN 40,000
    ROOM TO GROW NATIONAL INC
    7 WEST 30TH STREET FLR 3
    NEW YORK,NY10001     		NO INDIVIDUALS PC WELFARE OF CHILDREN 75,000
    ROW NEW YORK
    163 AMSTERDAM AVE SUITE 1108
    NEW YORK,NY10023     		NO INDIVIDUALS PC WELFARE OF CHILDREN 333,334
    ROW NEW YORK
    163 AMSTERDAM AVE SUITE 1108
    NEW YORK,NY10023     		NO INDIVIDUALS PC WELFARE OF CHILDREN 100,000
    SCHOLARSHIP AMERICA INC
    7900 INTERNATIONAL DRIVE SUITE 500
    MINNEAPOLIS,MN55425     		NO INDIVIDUALS PC WELFARE OF CHILDREN 35,475
    SCHOLARSHIP AMERICA INC
    7900 INTERNATIONAL DRIVE SUITE 500
    MINNEAPOLIS,MN55425     		NO INDIVIDUALS PC WELFARE OF CHILDREN 7,750
    SEACHANGE CAPITAL PARTNERS
    420 LEXINGTON AVE SUITE 300
    NEW YORK,NY10170     		NO INDIVIDUALS PC WELFARE OF CHILDREN 100,000
    SOUTH BRONX UNITED INC
    192 E 151 STREET 5TH FLR
    BRONX,NY10451     		NO INDIVIDUALS PC WELFARE OF CHILDREN 50,000
    SPONSORS FOR EDUCATIONAL OPPORTUNITY
    5 EXCHANGE PLACE SUITE 601
    NEW YORK,NY10005     		NO INDIVIDUALS PC WELFARE OF CHILDREN 250,000
    SPRINGBOARD COLLABORATIVE
    TWO PENN CENTER SUITE 1315 JFK BLVD
    PHILADELPHIA,PA19102     		NO INDIVIDUALS PC WELFARE OF CHILDREN 200,000
    STUDENT SPONSOR PARTNERSHIP INC
    424 MADISON AVE 3RD FLR
    NEW YORK,NY10017     		NO INDIVIDUALS PC WELFARE OF CHILDREN 33,119
    STUDENT SPONSOR PARTNERSHIP INC
    424 MADISON AVE 3RD FLR
    NEW YORK,NY10017     		NO INDIVIDUALS PC WELFARE OF CHILDREN 100,000
    SUNY IMPACT FOUNDATION
    116 EAST 55TH STREET
    NEW YORK,NY10022     		NO INDIVIDUALS PC WELFARE OF CHILDREN 250,000
    THE STATE UNIVERSITY COLLEGE AT ONEONTA FOUNDATION CORPORATION
    108 RAVINE PARKWAY
    ONEONTA,NY13820     		NO INDIVIDUALS PC WELFARE OF CHILDREN 27,500
    UNIVERSITY AT ALBANY FOUNDATION
    1400 WASHINGTON AVE
    ALBANY,NY12222     		NO INDIVIDUALS PC WELFARE OF CHILDREN 20,000
    UNIVERSITY AT ALBANY FOUNDATION
    1400 WASHINGTON AVE
    ALBANY,NY12222     		NO INDIVIDUALS PC WELFARE OF CHILDREN 41,250
    TEACH FOR AMERICA INC
    25 BROADWAY 12TH FLR
    NEW YORK,NY10004     		NO INDIVIDUALS PC WELFARE OF CHILDREN 50,000
    THE ART EFFECT
    45 PERSHING AVE
    POUGHKEEPSIE,NY12601     		NO INDIVIDUALS PC WELFARE OF CHILDREN 10,000
    THE BRIDGE GOLF FOUNDATION
    33 WEST 116TH STREET
    NEW YORK,NY10026     		NO INDIVIDUALS PC WELFARE OF CHILDREN 20,700
    THE DOOR- A CENTER OF ALTERNATIVES INC
    121 AVENUE OF THE AMERICAS
    NEW YORK,NY10013     		NO INDIVIDUALS PC WELFARE OF CHILDREN 164,000
    THE EDUCATION TRUST INC
    315 W 36TH STREET 6TH FLR
    NEW YORK,NY10018     		NO INDIVIDUALS PC WELFARE OF CHILDREN 219,987
    THE EDUCATION TRUST INC
    315 W 36TH STREET 6TH FLR
    NEW YORK,NY10018     		NO INDIVIDUALS PC WELFARE OF CHILDREN 15,322
    THE HERITAGE SCHOOL
    1680 LEXINGTON AVE
    NEW YORK,NY10029     		NO INDIVIDUALS PC WELFARE OF CHILDREN 100,000
    THE NEW YORK OPPORTUNITY NETWORK INC
    85 BROAD STREET 6TH FLOOR
    NEW YORK,NY10004     		NO INDIVIDUALS PC WELFARE OF CHILDREN 13,799
    THE TEAK FELLOWSHIP
    16 W 22ND STREET 3RD FLR
    NEW YORK,NY10010     		NO INDIVIDUALS PC WELFARE OF CHILDREN 200,000
    THE YOUNG WOMEN'S LEADERSHIP SCHOOL OF HARLEM
    105 E 106TH STREET
    NEW YORK,NY10029     		NO INDIVIDUALS PC WELFARE OF CHILDREN 64,800
    THOMAS A EDISON CAREER AND TECHNICAL EDUCATION HIGH SCHOOL
    165-65 84TH STREET
    JAMAICA,NY11432     		NO INDIVIDUALS PC WELFARE OF CHILDREN 25,000
    UNCOMMON SCHOOLS
    C/O RHF 826 BROADWAY 9TH FLR
    NEW YORK,NY10003     		NO INDIVIDUALS PC WELFARE OF CHILDREN 145,000
    UNIVESITY AT BUFFALO FOUNDATION INC
    12 CAPEN HALL
    BUFFALO,NY14260     		NO INDIVIDUALS PC WELFARE OF CHILDREN 36,140
    UNIVERSITY AT BUFFALO FOUNDATION INC
    12 CAPEN HALL
    BUFFALO,NY14260     		NO INDIVIDUALS PC WELFARE OF CHILDREN 41,250
    VAUGHN COLLEGE OF AERONAUTICS AND TECHNOLOGY
    86-01 23RD AVE
    EAST ELMHURST,NY11369     		NO INDIVIDUALS PC WELFARE OF CHILDREN 25,000
    YALE SCHOOL OF PUBLIC HEALTH
    60 COLLEGE STREET
    NEW HAVEN,CT06520     		NO INDIVIDUALS PC WELFARE OF CHILDREN 25,000
    SUNY OSWEGO
    7060 ROUTE 104
    OSWEGO,NY13126     		NO INDIVIDUALS PC WELFARE OF CHILDREN -14,175
    SUNY POTSDAM
    44 PIERREPOINT AVENUE
    POTSDAM,NY13676     		NO INDIVIDUALS PC WELFARE OF CHILDREN -119,554
    SUNY UNIVERSITY AT ALBANY
    1400 WASHINGTON AVE
    ALBANY,NY12222     		NO INDIVIDUALS PC WELFARE OF CHILDREN -119,976
    THE HECKSCHER SCHOLARS PROGRAM
    123 EAST 70TH STREET
    NEW YORK,NY10021     		NO INDIVIDUALS PF WELFARE OF CHILDREN 290,785
    Total .................................bullet 3a 8,279,987
    bApproved for future payment
    BOTTOM LINE
    44 COURT STREET
    BROOKLYN,NY11201     		NO INDIVIDUALS PC WELFARE OF CHILDREN 602,408
    NEW HEIGHTS YOUTH INC
    50 A EAST 118TH STREET
    NEW YORK,NY10035     		NO INDIVIDUALS PC WELFARE OF CHILDREN 300,000
    Total .................................bullet 3b 902,408
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 25,604  
    4 Dividends and interest from securities....     14 3,364,009  
    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.....     18 255,250  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 8,115,494  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMISCELLANEOUS     		         
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 11,760,357 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    11,760,357
    (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
    Yes
     
    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
    1c 20,000 ALCOMA CORPORATION SHARE FACILITIES & EMPLOYEES
    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
    ALCOMA CORPORATION 501(C)(2) TITLE-HOLDING COMPANY
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE HECKSCHER FOUNDATION FOR CHILDREN
    EIN:
    13-1820170
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDITING & ACCOUNTING FEES 70,000 17,500   52,500

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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    THE HECKSCHER FOUNDATION FOR CHILDREN
    EIN:
    13-1820170
    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
    OVERGRAD
          		11 E ADAMS STREET STE 200
    CHICAGO,IL60603     		2020-12-09 100,000 CUSTOMIZED COLLEGE MATCH FOR NEW YORK CITY 61,881 NO DIVERSION FROM GRANT PURPOSE      
    PRACTICE MAKES PERFECT
          		25 BROADWAY 12TH FLOOR
    NEW YORK,NY10004     		2020-06-19 300,000 VIRTUAL SUMMER ENRICHMENT 300,000 NO DIVERSION FROM GRANT PURPOSE      
    HERE TO HERE FOUNDATION
          		452 EAST 149TH STREET 2ND FLOOR
    BRONX,NY10455     		2020-06-19 150,000 CAREERWISE NEW YORK SUMMER BOOTCAMP 150,000 NO DIVERSION FROM GRANT PURPOSE      
    MODERN STATES EDUCATION ALLIANCE
          		1633 BROADWAY 48TH FLOOR
    NEW YORK,NY10019     		2020-06-19 150,000 NEW YORK CITY X FRESHMAN YEAR FOR FREE 150,000 NO DIVERSION FROM GRANT PURPOSE      
    MODERN STATES EDUCATION ALLIANCE
          		1633 BROADWAY 48TH FLOOR
    NEW YORK,NY10019     		2020-02-19 10,000 CLEP VIDEO PROJECT WITH THE LAB SCHOOL STUDENTS 7,500 NO DIVERSION FROM GRANT PURPOSE      

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE HECKSCHER FOUNDATION FOR CHILDREN
    EIN:
    13-1820170
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 9,900,284 10,496,554

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE HECKSCHER FOUNDATION FOR CHILDREN
    EIN:
    13-1820170
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALCOMA CORPORATION - TITLE-HOLDING COMPANY 95,416 569,713
    DOMESTIC AND FORIEGN EQUITY 71,701,527 114,693,866

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    THE HECKSCHER FOUNDATION FOR CHILDREN
    EIN:
    13-1820170
    US Government Securities - End of Year Book Value:

    17,132,819
    US Government Securities - End of Year Fair Market Value:

    17,796,583
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE HECKSCHER FOUNDATION FOR CHILDREN
    EIN:
    13-1820170
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALTERNATIVE INVESTMENTS AT COST 119,937,070 188,022,671
    PROGRAM RELATED INVESTMENT AT COST 506,687 506,687

    TY 2020 LegalFeesSchedule
    Name:
    THE HECKSCHER FOUNDATION FOR CHILDREN
    EIN:
    13-1820170
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 33,233 0   33,233


    TY 2020 OtherDecreasesSchedule
    Name:
    THE HECKSCHER FOUNDATION FOR CHILDREN
    EIN:
    13-1820170
    Description Amount
    BASIS ADJUSTMENT OF TITLE-HOLDING COMPANY 18,245


    TY 2020 OtherExpensesSchedule
    Name:
    THE HECKSCHER FOUNDATION FOR CHILDREN
    EIN:
    13-1820170
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 16,620 0   16,620
    REPAIRS & MAINTENANCE 57,617 0   57,617
    NEW YORK STATE FEE 1,500 0   1,500
    INSURANCE EXPENSE 77,637 0   77,637
    COMPUTER EXPENSE 95,568 0   95,568
    DUES & SUBSCRIPTIONS 16,833 0   16,833
    SPECIAL EVENTS 2,551 0   2,551
    PAYROLL - 401K PROCESSING 11,813 0   11,813


    TY 2020 OtherIncomeSchedule2
    Name:
    THE HECKSCHER FOUNDATION FOR CHILDREN
    EIN:
    13-1820170
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INCOME FROM LIMITED PARTNERSHIPS 255,250 255,250 255,250


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE HECKSCHER FOUNDATION FOR CHILDREN
    EIN:
    13-1820170
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL EXCISE TAX PAYABLE 11,215 15,477


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE HECKSCHER FOUNDATION FOR CHILDREN
    EIN:
    13-1820170
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY 1,393,427 1,393,427   0
    CONSULTING FEES 335,134 0   335,134
    PROFESSIONAL FEES - PROGRAM 71,403 0   71,403


    TY 2020 TaxesSchedule
    Name:
    THE HECKSCHER FOUNDATION FOR CHILDREN
    EIN:
    13-1820170
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 139,262 0   0
    FOREIGN TAX WITHHELD & ADR FEES 237,375 237,375   0
    UNRELATED BUSINESS TAX 43,774 0   0