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
FORREST C & FRANCES H LATTNER
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)1375 GATEWAY BLVD NO 55
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOYNTON BEACH, FL33426
A Employer identification number

20-3106502
B Telephone number (see instructions)

(561) 327-8019
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$63,290,538J 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) 70,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 33,111 33,111  
4 Dividends and interest from securities... 190,985 190,985  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -2,437,491
b Gross sales price for all assets on line 6a 58,559,713
7 Capital gain net income (from Part IV, line 2)... 0
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 427,332 427,332  
12 Total. Add lines 1 through 11........ -1,716,063 651,428  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 363,086 72,617   290,469
14 Other employee salaries and wages...... 151,787 37,947   113,840
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 24,210 24,210   0
c Other professional fees (attach schedule).... Click to see attachment 200,604 200,604   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 59,734 26,592   7,274
19 Depreciation (attach schedule) and depletion... Click to see attachment 8,671 9,627  
20 Occupancy.............. 57,257 17,177   40,080
21 Travel, conferences, and meetings....... 80 60   20
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 27,423 6,854   20,569
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 892,852 395,688   472,252
25 Contributions, gifts, grants paid....... 2,375,000 2,375,000
26 Total expenses and disbursements. Add lines 24 and 25 3,267,852 395,688   2,847,252
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,983,915
b Net investment income (if negative, enter -0-) 255,740
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.............      
2 Savings and temporary cash investments......... 2,906,369 20,779,942 20,779,942
3 Accounts receivable bullet20,991
Less: allowance for doubtful accounts bullet   17,583 20,991 20,991
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.......... 126,375 46,641 46,641
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 59,924,295 Click to see attachment37,105,061 42,337,067
14 Land, buildings, and equipment: basis bullet159,792
Less: accumulated depreciation (attach schedule) bullet54,395 114,068 Click to see attachment105,397 105,397
15 Other assets (describe bullet) Click to see attachment500 Click to see attachment500 Click to see attachment500
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 63,089,190 58,058,532 63,290,538
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 63,089,190 58,058,532
29 Total net assets or fund balances (see instructions)..... 63,089,190 58,058,532
30 Total liabilities and net assets/fund balances (see instructions). 63,089,190 58,058,532
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
63,089,190
2
Enter amount from Part I, line 27a .....................
2
-4,983,915
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
58,105,275
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
46,743
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
58,058,532
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 459,431.99 SHS FPA CRESCENT FUND P 2011-07-26 2020-02-27
b 215,331.85 SHS PIMCO INC FUND P 2017-11-30 2020-02-27
c 21,204 SHS ETF SER SOLUTIONS DEFIANCE P 2019-08-16 2020-02-28
d 24,597 SHS VANGUARD INTL EQUITY IND P 2017-04-25 2020-02-28
e 241,488.522 SHS PRIN DIVERSIF RE I P 2017-08-24 2020-03-16
1,556,420.39 SHS PIMCO SHORT ASSET INV P 2020-02-28 2020-03-19
100,000 CROWN CASTLE IN 4.875% P 2020-05-04 2020-07-06
100,000 ALEXANDRIA REAL E 3.9% P 2020-05-04 2020-09-04
2,935 SHS XILINX INC P 2020-06-16 2020-10-27
100,000 FORTIVE CORP 2.35% P 2020-05-05 2020-11-13
100,000 FORTIVE CORP 2.35% P 2020-05-05 2020-11-13
100,000 BEST BUY CO 5.5% P 2020-05-01 2020-12-15
100,000 WEYERHAEUSER CO P 2020-05-04 2020-12-16
33,529.33 SHS ARROWSTREET INTL EQUITY P 2017-07-03 2020-03-16
116,644.50 SHS ARTISAN DEVELOPING WORLD FND P 2017-05-01 2020-02-26
97,650.0264 SHS SILCHESTER INTL INV VAL EQUITY P 2007-07-01 2020-04-01
11,701.005410 SHS COATUE OFFSHORE FUND, LTD P 2018-10-01 2020-05-01
468.823635 SHS LAKEWOOD CAPITAL OFFSHORE P 2018-03-31 2020-07-31
89,701.275 SHS POLUNIN DEV COUNTRIES FD P 2017-04-28 2020-03-31
316.465465 SHS VALINOR CAPITAL PARTNERS -1C P 2011-06-28 2020-06-30
CHARLES SCHWAB 4720 P    
DAVIDSON KEMPNER P    
ARROWSTREET P    
SILCHESTER INVESTORS P    
METRO RE PTRS IV P    
METRO RE PTRS V P    
METRO RE PTRS VI P    
POLUNIN DEV P    
PARK STR CAP PE FD VII LP P    
POLUNIN DEV P    
ARROWSTREET INTL EQUITY P    
PARK STR CAP NAT RES P    
PARK STR CAP PE VII P    
PARK STR CAP PE VIII P    
FCOI II P    
METRO RE PTRS IV P    
METRO RE PTRS V 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 15,184,227   13,811,511 1,372,716
b 2,594,749   2,670,441 -75,692
c 537,085   500,529 36,556
d 1,030,837   977,352 53,485
e 2,332,779   2,760,305 -427,526
15,284,048   15,607,258 -323,210
107,399   106,043 1,356
109,516   106,063 3,453
368,511   270,668 97,843
101,035   100,421 614
101,035   100,315 720
100,000   100,654 -654
111,367   106,442 4,925
3,597,362   3,597,362 0
1,806,823   1,342,550 464,273
11,022,771   10,449,572 573,199
1,315,064   1,389,836 -74,772
1,049,563   1,250,000 -200,437
1,184,861   1,141,123 43,738
451,725   524,336 -72,611
1,190     1,190
72,253     72,253
282     282
    2,763,495 -2,763,495
    93,970 -93,970
    908 -908
    30,123 -30,123
    369,464 -369,464
    2,264 -2,264
    19,051 -19,051
    777,170 -777,170
    21,886 -21,886
    2,682 -2,682
76,827     76,827
18,404     18,404
    465 -465
    2,945 -2,945
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       1,372,716
b       -75,692
c       36,556
d       53,485
e       -427,526
      -323,210
      1,356
      3,453
      97,843
      614
      720
      -654
      4,925
      0
      464,273
      573,199
      -74,772
      -200,437
      43,738
      -72,611
      1,190
      72,253
      282
      -2,763,495
      -93,970
      -908
      -30,123
      -369,464
      -2,264
      -19,051
      -777,170
      -21,886
      -2,682
      76,827
      18,404
      -465
      -2,945
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 -2,437,491
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 3,555
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 3,555
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 3,555
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 40,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 40,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 36,445
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet3,600 RefundedBullet 11 32,845
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletFORREST FRANCES LATTNER FOUNDATIO Telephone no.bullet (561) 327-8019

    Located atbullet1375 GATEWAY BLVD SUITE 55BOYNTON BEACHFL ZIP+4bullet33426
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    DREW H HOLLENBECK TRUSTEE
    10.00     		115,789 0 0
    1375 GATEWAY BLVD STE 55
    BOYNTON BEACH,FL33426
    DAVID W HOLLENBECK CHAIRMAN
    10.00     		119,459 0 0
    1375 GATEWAY BLVD STE 55
    BOYNTON BEACH,FL33426
    DOUGLAS W HOLLENBECK TRUSTEE
    10.00     		111,838 0 0
    1375 GATEWAY BLVD STE 55
    BOYNTON BEACH,FL33426
    SUSAN L LLOYD TRUSTEE
    10.00     		16,000 0 0
    1375 GATEWAY BLVD STE 55
    BOYNTON BEACH,FL33426
    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
    SUE MANN FUND MANAGER
    40.00     		106,519 0 0
    1375 GATEWAY BLVD STE 55
    BOYNTON BEACH,FL33426
    MARIE CLAIRE A DIAB ADMINISTRATIVE
    40.00     		45,268 0 0
    1375 GATEWAY BLVD STE 55
    BOYNTON BEACH,FL33426
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    51,954,794
    b
    Average of monthly cash balances.......................
    1b
    16,647,289
    c
    Fair market value of all other assets (see instructions)................
    1c
    172,840
    d
    Total (add lines 1a, b, and c).........................
    1d
    68,774,923
    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
    68,774,923
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,031,624
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    67,743,299
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,387,165
    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
    3,387,165
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    3,555
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    316
    c
    Add lines 2a and 2b............................
    2c
    3,871
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,383,294
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,383,294
    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
    3,383,294
    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
    2,847,252
    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
    2,847,252
    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
    2,847,252
    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 3,383,294
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 995,631
    b From 2016......  
    c From 2017......  
    d From 2018...... 403,829
    e From 2019...... 310,839
    fTotal of lines 3a through e........ 1,710,299
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,847,252
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 2,847,252
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 536,042 536,042
    (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 1,174,257
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		459,589
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		714,668
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 403,829
    d Excess from 2019.... 310,839
    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
    ALLIANCE FOR NATURAL HEALTH FOUNDATION
    1011 E JEFFERSON ST STE 204
    CHARLOTTESVILLE,VA22902     		NONE 501(C)3 SUPPORT PROTECTION OF CONSUMER ACCESS TO 25,000
    AMERICAN CITIZENS FOR HEALTH CHOICE
    6533 FLYING CLOUD DR STE 1200
    EDEN PRAIRIE,MN55344     		NONE 501(C)3 HEALTH CHOICE VERMONT 3,000
    AYERSFOUNDATION
    6 HAVERSHAM RD
    WESTERLY,RI02891     		NONE 501(C)3 GENERAL SUPPORT, HOBART B. AYERS MEETING 30,000
    BEYOND PESTICIDES-ORGANIC EYE
    701 E STREET SE STE 200
    WASHINGTON,DC20003     		NONE 501(C)3 ORGANICEYE PROJECTS 20,000
    EARTHECHO INT'L
    2101 L STREET NW STE 800
    WASHINGTON,DC20037     		NONE 501(C)3 BEYOND THE REEF 200,000
    BIOFIELD TUNING INSTITUTE
    1 MAIN ST 307
    BURLINGTON,VT05401     		NONE 501(C)3 PART 2 FOR VETERANS RESEARCH STUDY 20,000
    BIONUTRIENT FOOD ASSOCIATION
    411 SHELDON RD
    BARRE,MA01005     		NONE 501(C)3 GENERAL PROGRAM SUPPORT 60,000
    BREAST CANCER RESEARCH FOUNDATION
    28 W 44TH ST STE 609
    NEW YORK,NY10036     		NONE 501(C)3 BCRF RESEARCH AWARD FOR DR. LINDA VAHDAT 125,000
    BRATTLEBORO MEMORIAL HOSPITAL
    17 BELMONT AVE
    BRATTLEBORO,VT05301     		NONE 501(C)3 VERMONT HEALTHY FOOD IN HEALTHCARE NETWORK 20,000
    CANCER101
    222 BROADWAY 19TH FL
    NEW YORK,NY10038     		NONE 501(C)3 PRODUCE AND DISTRIBUTE CANCER101 PLANNER 10,000
    CHILDREN'S GLOBAL ALLIANCE
    2121 N FRONTAGE RD 176
    VAIL,CO81657     		NONE 501(C)3 COMMUNITY IMPACT PROJECT 30,000
    THE CHORUUS OF WESTERLY
    119 HIGH ST
    WESTERLY,RI02891     		NONE 501(C)3 SUMMER POPS 5,050
    COCHRAN'S SKI AREA
    PO BOX 789
    RICHMOND,VT05477     		NONE 501(C)3 GENERAL SUPPORT 2,000
    THE COMFORT CUB
    2240 ENCINITAS BLVD STE D110
    ENCINITAS,CA92024     		NONE 501(C)3 GENERAL OPERATING SUPPORT 30,000
    COMMITTEE ON TEMPORARY SHELTER
    PO BOX 1616
    BURLINGTON,VT05402     		NONE 501(C)3 PROGRAM SERVICES 5,000
    COMMON ROOTS
    PO BOX 9335
    S BURLINGTON,VT05407     		NONE 501(C)3 FIVE FOOD EDUCATION AND FOOD ACCESS PROGRAMS 40,000
    COMMUNITY GREENING
    50 NW 1ST AVE
    DELRAY BEACH,FL33444     		NONE 501(C)3 GENERAL OPERATING SUPPORT 20,000
    THE COMPASS SCHOOL
    537 OLD NORTH RD
    KINGSTON,RI02881     		NONE 501(C)3 SCHOOL FARM 25,000
    CORNUCOPIA INSTITUTE
    PO BOX 126
    CORNUCOPIA,WI54827     		NONE 501(C)3 GENERAL OPERATING SUPPORT 20,000
    DUNN'S CORNER COMMUNITY CHURCH
    221 POST RD RTE 1
    WESTERLY,RI02891     		NONE 501(C)3 GENERAL SUPPORT 2,500
    ENVIRONMENT & HUMAN HEALTH
    1191 RIDGE RD
    N HAVEN,CT06473     		NONE 501(C)3 GENERAL OPERATING COSTS 50,000
    ENVIRONMENT RHODE ISLAND RESEARCH&POL
    11 S ANGELL ST 160
    PROVIDENCE,RI29606     		NONE 501(C)3 GENERAL SUPPORT 1,175
    ENVIRONMENTAL DEFENSE FUND
    257 PARK AVE S
    NEW YORK,NY10010     		NONE 501(C)3 GENERAL SUPPORT 1,175
    ENVIRONMENTAL WORKING GROUP
    1436 U ST NW STE 100
    WASHINGTON,DC20009     		NONE 501(C)3 GENERAL SUPPORT 1,175
    EPIDEMIC ANSWERS
    360 BLOOMFIELD AVE STE 301
    WINDSOR,CT06095     		NONE 501(C)3 DOCUMENTING HOPE CHIRP STUDY 40,000
    EPWORTH CHILDREN & FAMILY SERVICES
    110 N ELM AVE
    ST LOUIS,MO63119     		NONE 501(C)3 FOSTER CARE PROGRAM, FOSTER CARE CASE MGMT 40,000
    FAMILIES FIRST IN SOUTHERN VERMONT
    PO BOX 939
    WILMINGTON,VT05363     		NONE 501(C)3 GENERAL SUPPORT 1,175
    FELLOWSHIP OF THE WHEEL
    PO BOX 1566
    WILLISTON,VT05495     		NONE 501(C)3 GENERAL SUPPORT 4,000
    FOOD & WATER WATCH
    1616 P ST NW
    WASHINGTON,DC20036     		NONE 501(C)3 GENERAL SUPPORT 1,175
    GIRLS ON THE RUN RHODE ISLAND
    PO BOX 72787
    PROVIDENCE,RI02907     		NONE 501(C)3 GENERAL SUPPORT 1,175
    GREEN AMERICA
    1612 K ST NW STE 600
    WASHINGTON,DC20006     		NONE 501(C)3 CLIMATE VICTORY GARDENS; REGENERATIVE AG 20,000
    GREEN MOUNTAIN VALLEY SCHOOL
    271 MOULTON RD
    WAITSFIELD,VT05673     		NONE 501(C)3 GMVS NUTRITION, DIET & PERFORMANCE INITIATIVE 75,000
    THE GREENE SCHOOL
    94 JOHN POTTER RD
    W GREENWICH,RI02817     		NONE 501(C)3 SOLAR PANELS PROJECT 45,000
    HABITAT FOR HUMANITY VAIL VALLEY
    PO BOX 4149
    AVON,CO81620     		NONE 501(C)3 FUND FOUNDATIONS FOR HOMES TO BE BUILT IN 2020 10,000
    INSPIRIT
    PO BOX 248
    LAKE WORTH,FL33460     		NONE 501(C)3 EXPAND SERVICES IN PALM BEACH COUNTY 5,000
    INTERVALE CENTER
    180 INTERVALE RD
    BURLINGTON,VT05401     		NONE 501(C)3 GENERAL OPERATING SUPPORT 40,000
    JONNYCAKE CENTER OF WESTERLY
    23 INDUSTRIAL DR
    WESTERLY,RI02891     		NONE 501(C)3 FOOD PANTRY, EMERGENCY FINANCIAL AID, EDUCAT 25,000
    KING STREET CENTER
    PO BOX 1615
    BURLINGTON,VT05402     		NONE 501(C)3 GENERAL SUPPORT 3,000
    LEAGUE OF CONSERVATION VOTERS EDUCATION FUND
    740 15TH ST NW STE 700
    WASHINGTON,DC20005     		NONE 501(C)3 GENERAL SUPPORT 1,175
    LITERACY VOLUNTEERS OF WASHINGTON CNTY
    93 TOWER ST UNITS 25 26
    WESTERLY,RI02891     		NONE 501(C)3 OPERATING SUPPORT 15,000
    LITTLE BELLAS
    PO BOX 1083
    JERICHO,VT05465     		NONE 501(C)3 PROVIDE FRESH, HEALTHY SNACKS 10,000
    MAD RIVER PATH ASSOCIATION
    PO BOX 683
    WAITSFIELD,VT05673     		NONE 501(C)3 GENERAL SUPPORT 1,000
    MARLBORO ALLIANCE
    PO BOX 165
    MARLBORO,VT05344     		NONE 501(C)3 GENERAL SUPPORT 1,175
    MIDDLEBRIDGE SCHOOL
    333 OCEAN RD
    NARRAGANSETT,RI02882     		NONE 501(C)3 FOOD SERVICE PROGRAM;EDUCATIONAL PROGRAM 25,000
    MURAL ARTS PHILADELPHIA
    1727-29 MT VERNON ST
    PHILADELPHIA,PA19130     		NONE 501(C)3 ART EDUCATION PROGRAM 20,000
    NATIONAL WILDLIFE FEDERATION
    PO BOX 1583
    MERRIFIELD,VA22116     		NONE 501(C)3 GENERAL SUPPORT 1,175
    NATURAL RESOURCES DEFENSE COUNCIL
    40 W 20TH ST
    NEW YORK,NY10011     		NONE 501(C)3 GENERAL SUPPORT 1,175
    THE NATURE CONSERVANCY IN RHODE ISLAND
    159 WATERMAN ST
    PROVIDENCE,RI02906     		NONE 501(C)3 COASTAL SCIENCE & RESTORATION IN RI; NATURAL 80,000
    NEW ENGLAND SCIENCE AND SAILING FDN
    PO BOX 733
    STONINGTON,CT06378     		NONE 501(C)3 NESS SCHOOL PARTNER PROGRAMS 30,000
    NORTHEAST ORGANIC FARMING ASSN (NOFA)
    P O BOX 697
    RICHMOND,VT05477     		NONE 501(C)3 PROGRAM WORK 50,000
    OCEAN COMMUNITY YMCA
    95 HIGH ST
    WESTERLY,RI02891     		NONE 501(C)3 CONSTRUCTION OF NEW SHELTER AT CAMP WATCHA 85,000
    OCEAN CONSERVANCY
    1300 19TH ST NW 8TH FL
    WASHINGTON,DC20036     		NONE 501(C)3 TRASH FREE SEAS PROGRAM; OCEAN CLIMATE 80,000
    OCEANA
    1350 CONNECTICUT AVE NW 5TH FL
    WASHINGTON,DC20036     		NONE 501(C)3 GENERAL SUPPORT 1,175
    OIL CHANGE INTERNATIONAL
    714 G ST SE STE 202
    WASHINGTON,DC20003     		NONE 501(C)3 GENERAL SUPPORT 1,175
    ORGANIC CONSUMERS ASSOCIATION
    6771 S SILVER HILL DR
    FINLAND,MN55603     		NONE 501(C)3 GENERAL OPERATING SUPPORT 10,000
    REAL ORGANIC PROJECT
    82 WILSON RD
    E THETFORD,VT05043     		NONE 501(C)3 GENERAL OPERATING SUPPORT 185,000
    RHODE ISLAND COMMUNITY FOOD BANK
    200 NIANTIC AVE
    PROVIDENCE,RI02907     		NONE 501(C)3 FOOD ASSISTANCE IN RI 10,000
    RURAL VERMONT
    46 E STATE ST
    MONTPELIER,VT05602     		NONE 501(C)3 OPERATIONAL SUPPORT FOR COLLABORATION, ADVOCAC 40,000
    RUSSELL BYERS CHARTER SCHOOL
    1911 ARCH ST
    PHILADELPHIA,PA19103     		NONE 501(C)3 EMERGENCY CHROMEBOOKS FOR STUDENTS 20,000
    SAVE THE BAY
    100 SAVE THE BAY DR
    PROVIDENCE,RI02905     		NONE 501(C)3 SUPPORT SOUTH COUNTY INTITIATIVES IN FY21 65,000
    SAVE THE WAVES COALITION
    849 ALMAR AVE STE C163
    SANTA CRUZ,CA95060     		NONE 501(C)3 GENERAL SUPPORT 1,175
    SCULPTURE SCHOOL
    PO BOX 893
    WAITSFIELD,VT05673     		NONE 501(C)3 GENERAL SUPPORT 2,000
    SEASON TO SHARE (COMMUNITY FOUNDATIO)
    700 S DIXIE HWY STE 200
    WEST PALM BEACH,FL33401     		NONE 501(C)3 SEASON TO SHARE 2020 30,000
    SEMPER FI FUND
    825 COLLEGE BLVD STE 102 PMB 609
    OCEANSIDE,CA92057     		NONE 501(C)3 GENERAL OPERATING SUUPPORT 5,000
    SHELBURNE FARMS
    1611 HARBOR ROAD
    SHELBURNE,VT05842     		NONE 501(C)3 BREEDING BARN RESTORATION CAMPAIGN 75,000
    SIERRA CLUB FOUNDATION
    2101 WEBSTER ST STE 1300
    OAKLAND,CA94612     		NONE 501(C)3 GENERAL SUPPORT 1,175
    THE SOUP KITCHEN INC
    8645 W BOYNTON BEACH BLVD
    BOYNTON BEACH,FL33474     		NONE 501(C)3 PROGRAM COSTS FOR FOOD PURCHASES 45,000
    SPECIAL OLYMPICS RHODE ISLAND
    370 GEORGE WASHINGTON HWY
    SMITHFIELD,RI02917     		NONE 501(C)3 GENERAL SUPPORT 5,000
    STAND UP FOR ANIMALS
    PO BOX 1706
    WESTERLY,RI02891     		NONE 501(C)3 GENERAL SUPPORT 1,175
    STARTING HEARTS
    PO BOX 2981
    AVON,CO81620     		NONE 501(C)3 LEADERSHIP AND LIFESAVING CURRICULUM 25,000
    STEADMAN PHILIPPON RESEARCH INSTITUTE
    181 W MEADOW DR STE 1000
    VAIL,CO81657     		NONE 501(C)3 EQUIPMENT-FOCUSED SKIING INJURY PREVENTION 60,000
    SURFRIDER FOUNDATION
    PO BOX 73550
    SAN CLEMENTE,CA92673     		NONE 501(C)3 PLASTIC POLLUTION INITIATIVE'S OCEAN FRIENDLY 35,000
    TRINITY YARD SCHOOL
    PO BOX 391
    BRISTOL,VT05472     		NONE 501(C)3 CAREER DEVELOPMENT PROGRAM 15,000
    TWICE BLESSED
    45 RTE 100 N
    W DOVER,VT05356     		NONE 501(C)3 GENERAL SUPPORT 1,200
    UNION OF CONCERNED SCIENTISTS
    2 BRATTLE SQUARE
    CAMBRIDGE,MA02138     		NONE 501(C)3 GENERAL SUPPORT 1,175
    UNIVERSITY OF VERMONT FOUNDATION
    411 MAIN ST
    BURLINGTON,VT05401     		NONE 501(C)3 UNIVERSITY OF VERMONT PASTURE PROGRAM 30,000
    VERMONT GRASS FARMERS ASSOCIATION
    327 US RTE 302
    BARRE,VT05061     		NONE 501(C)3 PROGRAM DEVELOPMENT 25,000
    VERMONT MOUNTAIN BIKE ASSOCIATION
    PO BOX 2055
    S BURLINGTON,VT05407     		NONE 501(C)3 MAD RIVER RIDERS CHAPTER 5,000
    WATCH HILL CHAPEL SOCIETY
    PO BOX 173
    WESTERLY,RI02891     		NONE 501(C)3 GENERAL SUPPORT 2,500
    WARM (WESTERLY AREA REST MEALS)
    56 SPRUCE STREET
    WESTERLY,RI02891     		NONE 501(C)3 HARVEST HOMES PROGRAM 25,000
    WESTERLY ARMORY RESTORATION
    PO BOX 614
    WESTERLY,RI02891     		NONE 501(C)3 LOWER LEVEL HVAC FOR THE MUSEUM 20,000
    THE WESTERLY LAND TRUST
    PO BOX 601
    WESTERLY,RI02891     		NONE 501(C)3 LAND ACQUISITION; EDUCATIONAL PROGRAMMING 70,000
    WESTERLY PUBLIC SCHOOLS
    23 HIGHLAND AVE
    WESTERLY,RI02891     		NONE 501(C)3 DUNN'S CORNER, SPRINGBROOK & STATE STREET 4,950
    WESTERLY REVOLVING FUND
    PO BOX 112
    WESTERLY,RI02891     		NONE 501(C)3 ASSIST WITH COMPLETION OF RENOVATIONS 25,000
    THE WOOD-PAWCATUCK WATERSHED ASSN
    203 ARCADIA ROAD
    HOPE VALLEY,RI02832     		NONE 501(C)3 IMPLEMENTING FLOOD RESILIENCE IN WATERSHED 45,000
    WOODMERE ART MUSEUM
    9201 GERMANTOWN AVE
    PHILADELPHIA,PA19118     		NONE 501(C)3 YOUNG PEOPLE'S COMPONENT OF PHILARTDELPHIA 10,000
    YOUTH SAILING FOUNDATION OF THE PALM BE
    4600 N FLAGLER DR
    WEST PALM BEACH,FL33405     		NONE 501(C)3 GENERAL SUPPORT 20,000
    Total .................................bullet 3a 2,375,000
    bApproved for future payment
    Total .................................bullet 3b 0
    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 33,111  
    4 Dividends and interest from securities....     14 190,985  
    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.....     14 427,332  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -2,437,491  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 -1,786,063 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -1,786,063
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    FORREST C & FRANCES H LATTNER
     
    FOUNDATION
    EIN:
    20-3106502
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 24,210 24,210   0

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

    TY 2020 DepreciationSchedule
    Name:
    FORREST C & FRANCES H LATTNER
     
    FOUNDATION
    EIN:
    20-3106502
    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
    FURNITURE 2006-01-01 6,793 6,793 200DB 7.000000000000 0 0    
    OFFICE EQUIPMENT 2006-01-01 2,676 2,676 200DB 5.000000000000 0 0    
    DESK & RETURN 2007-02-22 1,721 1,721 200DB 7.000000000000 0 0    
    LCD PROJECTOR 2007-05-04 779 779 200DB 7.000000000000 0 0    
    TRAVEL PROJECTOR & STAND 2007-04-30 490 490 200DB 7.000000000000 0 0    
    POSTERS FOR OFFICE 2008-05-08 150 75 200DB 7.000000000000 0 0    
    FAX MACHINE 2008-10-08 180 89 200DB 5.000000000000 0 0    
    TELEPHONE 2008-11-07 102 51 200DB 7.000000000000 0 0    
    PRINTER 2008-11-07 224 112 200DB 5.000000000000 0 0    
    COMPUTER 2014-06-10 675 337 200DB 5.000000000000 0 0    
    DESKTOP COMPUTER & ACCESSORIES 2015-05-27 710 335 200DB 5.000000000000 20 59    
    GRANTS ONLINE SYSTEM 2015-12-31 15,000 1,668 SL 36.000000000000 417 417    
    OFFICE BUILDOUT 2016-12-15 116,234 23,893 SL 15.000000000000 7,749 7,749    
    DATA & PHONE CABLING 2016-12-16 2,090 830 200DB 5.000000000000 114 418    
    GRANTS ONLINE SYSTEM 2017-12-31 8,900 742 SL 24.000000000000 371 371    
    COMPUTER - DAVID 2017-10-16 3,067   200DB 5.000000000000 0 613    

    TY 2020 InvestmentsOtherSchedule2
    Name:
    FORREST C & FRANCES H LATTNER
     
    FOUNDATION
    EIN:
    20-3106502
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OTHER INVESTMENTS AT COST 37,105,061 42,337,067

    TY 2020 LandEtcSchedule2
    Name:
    FORREST C & FRANCES H LATTNER
     
    FOUNDATION
    EIN:
    20-3106502
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE 6,793 6,793 0  
    OFFICE EQUIPMENT 2,676 2,676 0  
    DESK & RETURN 1,721 1,721 0  
    LCD PROJECTOR 779 779 0  
    TRAVEL PROJECTOR & STAND 490 490 0  
    POSTERS FOR OFFICE 150 150 0  
    FAX MACHINE 180 179 1  
    TELEPHONE 102 102 0  
    PRINTER 224 224 0  
    COMPUTER 675 675 0  
    DESKTOP COMPUTER & ACCESSORIES 710 710 0  
    GRANTS ONLINE SYSTEM 15,000 2,085 12,915  
    OFFICE BUILDOUT 116,234 31,642 84,592  
    DATA & PHONE CABLING 2,090 1,989 101  
    GRANTS ONLINE SYSTEM 8,900 1,113 7,787  
    COMPUTER - DAVID 3,067 3,067 0  


    TY 2020 OtherAssetsSchedule
    Name:
    FORREST C & FRANCES H LATTNER
     
    FOUNDATION
    EIN:
    20-3106502
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSIT 500 500 500


    TY 2020 OtherDecreasesSchedule
    Name:
    FORREST C & FRANCES H LATTNER
     
    FOUNDATION
    EIN:
    20-3106502
    Description Amount
    COST BASIS OVER FMV ADJ 46,743


    TY 2020 OtherExpensesSchedule
    Name:
    FORREST C & FRANCES H LATTNER
     
    FOUNDATION
    EIN:
    20-3106502
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 12,097 3,024   9,073
    OFFICE MAINTENANCE 2,015 504   1,511
    OFFICE EXPENSE 1,942 485   1,457
    COMPUTER SUPPLIES 848 212   636
    PAYROLL FEES 4,427 1,107   3,320
    EQUIPMENT RENT 996 249   747
    UTILITIES 4,333 1,082   3,251
    MEMBERSHIP FEES 765 191   574


    TY 2020 OtherIncomeSchedule2
    Name:
    FORREST C & FRANCES H LATTNER
     
    FOUNDATION
    EIN:
    20-3106502
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    DAVIDSON KEMPNER INSTL PTRS 96,801 96,801 96,801
    METRO RE PARTNERS VI LP 1,013 1,013 1,013
    PARK STREET CAP NAT RES III LP 2,072 2,072 2,072
    PARK STREET CAP PE FD VIII LP 2,768 2,768 2,768
    SILCHESTER INTL VAL EQUITY TST 8,090 8,090 8,090
    PALESTRA CAPITAL OFFSHORE FD 103,400 103,400 103,400
    SENATOR GLOBAL OPPTY OFFSHORE 134,889 134,889 134,889
    COATUE OFFSHORE FND 60,599 60,599 60,599
    VALINOR CAPITAL 17,700 17,700 17,700


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    FORREST C & FRANCES H LATTNER
     
    FOUNDATION
    EIN:
    20-3106502
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 92,308 92,308   0
    MANAGEMENT FEES 108,296 108,296   0


    TY 2020 TaxesSchedule
    Name:
    FORREST C & FRANCES H LATTNER
     
    FOUNDATION
    EIN:
    20-3106502
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX PAID 25,868 0   0
    FOREIGN TAX PAID 24,034 24,034   0
    PAYROLL TAX 9,698 2,424   7,274
    OTHER 134 134   0