Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
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 CHARLOTTE W NEWCOMBE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)35 PARK PLACE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PRINCETON, NJ085426918
A Employer identification number

23-2120614
B Telephone number (see instructions)

(609) 924-7022
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$51,651,900J 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 163 163  
4 Dividends and interest from securities... 169,673 641,103  
5a Gross rents............ 30,000 30,000  
b Net rental income or (loss) 12,159
6a Net gain or (loss) from sale of assets not on line 10 258,878
b Gross sales price for all assets on line 6a 8,123,891
7 Capital gain net income (from Part IV, line 2)... 949,463
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 4,567,637 199,508  
12 Total. Add lines 1 through 11........ 5,026,351 1,820,237  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 196,300 51,075   145,225
14 Other employee salaries and wages...... 93,000 13,950   79,050
15 Pension plans, employee benefits....... 9,972 2,121   7,851
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 44,125 22,063   22,063
c Other professional fees (attach schedule).... Click to see attachment 409,583 456,276   16,263
17 Interest...............   24,646    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 40,407 36,488   14,447
19 Depreciation (attach schedule) and depletion... 20,837 10,419  
20 Occupancy.............. 35,674 17,841   17,840
21 Travel, conferences, and meetings....... 3,087 0   3,087
22 Printing and publications.......... 914 0   914
23 Other expenses (attach schedule)....... Click to see attachment 11,941 53,910   11,644
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 865,840 688,789   318,384
25 Contributions, gifts, grants paid....... 1,852,926 1,887,905
26 Total expenses and disbursements. Add lines 24 and 25 2,718,766 688,789   2,206,289
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,307,585
b Net investment income (if negative, enter -0-) 1,131,448
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............. 278,968 212,949 212,949
2 Savings and temporary cash investments......... 3,088,372 4,490,302 4,490,302
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet870,428
Less: accumulated depreciation (attach schedule) bullet543,809 336,915 326,619 815,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 44,036,646 Click to see attachment45,730,889 45,730,889
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,151,516 Click to see attachment402,760 Click to see attachment402,760
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 48,892,417 51,163,519 51,651,900
Liabilities 17 Accounts payable and accrued expenses.......... 36,400 36,452
18 Grants payable................. 1,234,772 1,198,237
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)......... 1,271,172 1,234,689
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........... 47,621,245 49,928,830
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)..... 47,621,245 49,928,830
30 Total liabilities and net assets/fund balances (see instructions). 48,892,417 51,163,519
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
47,621,245
2
Enter amount from Part I, line 27a .....................
2
2,307,585
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
49,928,830
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
49,928,830
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 DODGE & COX LTCG P 2016-12-21 2020-09-23
b VANGUARD 500 INDEX P 2008-09-30 2020-02-19
c DIAMOND HILL SMID CAP P 2014-08-11 2020-07-29
d VANGUARD EXT MKT INDEX P 2014-05-27 2020-12-15
e VANGUARD DEV MKTS P 2018-05-30 2020-12-22
VANGUARD IT GOV BOND IDX P 2020-06-09 2020-12-17
ACADIAN K-1 (EIN # 20-0075649) P 2004-04-01 2020-12-31
ADAGE CAPITAL PARTNERS K-1 (EIN # 04-3574590) P 2008-10-01 2020-12-31
AG REALTY FUND IX K-1 (EIN # 47-1483532) P 2015-11-15 2020-12-31
AG REALTY FUND X K-1 (EIN #82-4343654 ) P 2019-12-31 2020-12-31
COLCHESTER GLOBAL BOND FUND K-1 (EIN # 36-7324183) P 2005-01-01 2020-12-31
EDGBASTON K-1 (EIN # 26-2697681) P 2013-03-31 2020-12-31
MAP 2004 K-1 (EIN # 20-1168937) P 2004-07-31 2020-12-31
MAP 2009 K-1 (EIN # 26-3490789) P 2008-12-31 2020-12-31
WGI EMERGING MARKETS K-1 (EIN # 20-3377269) P 2015-06-01 2020-12-31
ADAMAS K-1 (EIN # 04-3514358) P 2018-01-01 2020-12-31
IFP GLOBAL EQUITY, L.P. (EIN # 72-1621804) P 2018-09-30 2020-04-01
FUNDSMITH SUSTAINABLE EQUITY FUND, LP K-1 (EIN # 37-1913764) P 2020-09-30 2020-12-31
GENERATION IM ASIA FUND, LP K-1 (EIN #27-4757414) P 2020-06-30 2020-12-31
FARALLON CAPITAL F5 INVESTORS I, LP K-1 (EIN # 98-1248159) P 2020-05-18 2020-12-31
IFP GLOBAL EQUITY II, L.P. (EIN # 83-3931724) P 2020-04-01 2020-12-31
(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 2,000,000   2,563,077 -563,077
b 1,804,428   1,136,567 667,861
c 1,673,931   1,723,182 -49,251
d 350,000   181,726 168,274
e 500,000   471,237 28,763
6,307     6,307
196,914     196,914
718,762     718,762
231,369     231,369
25,558     25,558
59,160     59,160
    1,052,101 -1,052,101
27,470     27,470
197,190     197,190
80,711     80,711
19,081     19,081
    46,538 -46,538
9,927     9,927
142,153     142,153
6,722     6,722
74,208     74,208
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       -563,077
b       667,861
c       -49,251
d       168,274
e       28,763
      6,307
      196,914
      718,762
      231,369
      25,558
      59,160
      -1,052,101
      27,470
      197,190
      80,711
      19,081
      -46,538
      9,927
      142,153
      6,722
      74,208
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 2 949,463
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 15,727
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 15,727
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 15,727
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 49,835
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 8,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 57,835
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 42,108
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet42,108 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
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)
    bullet
    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 .Click to see attachment
    8b
     
    No
    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.NEWCOMBEFOUNDATION.ORG
    14
    The books are in care ofbulletGIANNA DURSO-FINLEY Telephone no.bullet (609) 924-7022

    Located atbullet35 PARK PLACEPRINCETONNJ ZIP+4bullet085426918
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ROBERT M ADAMS TRUSTEE
    2.00     		8,000 0 0
    35 PARK PL
    PRINCETON,NJ085426918
    DALE R ANGLIN TRUSTEE
    2.00     		8,000 0 0
    35 PARK PL
    PRINCETON,NJ085426918
    ELIZABETH T FRANK TRUSTEE
    2.00     		8,000 0 0
    35 PARK PL
    PRINCETON,NJ085426918
    LOUISE U JOHNSON TRUSTEE
    2.00     		8,000 0 0
    35 PARK PL
    PRINCETON,NJ085426918
    J BARTON LUEDEKE TRUSTEE
    2.00     		8,000 0 0
    35 PARK PL
    PRINCETON,NJ085426918
    GIANNA DURSO-FINLEY EXECUTIVE DIRECTOR
    40.00     		156,300 6,252 0
    35 PARK PL
    PRINCETON,NJ085426918
    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
    LINDSEY G BOHRA ASSOC. EXEC DIR.
    40.00     		93,000 3,720 0
    35 PARK PLACE
    PRINCETON,NJ085426918
    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
    PRIME BUCHHOLZ LLC CONSULTANTS 63,561
    273 CORPORATE DRIVE SUITE 250
    PORTSMOUTH,NH03801
    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 THE CHARLOTTE W NEWCOMBE FOUNDATION PROVIDES GRANTS TO SUPPORT EDUCATIONAL INSTITUTIONS TO FUND A MAJOR NATIONAL FELLOWSHIP PROGRAM IN THE HUMANITIES AND SOCIAL SCIENCES AT THE DOCTORAL DISSERTATION LEVEL, AND THREE SCHOLARSHIP PROGRAMS AT THE UNDERGRADUATE LEVEL. THE FOUNDATION DOES NOT MAKE GRANTS TO INDIVIDUALS. 0
    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
    40,559,101
    b
    Average of monthly cash balances.......................
    1b
    4,859,637
    c
    Fair market value of all other assets (see instructions)................
    1c
    815,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    46,233,738
    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
    46,233,738
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    693,506
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    45,540,232
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,277,012
    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
    2,277,012
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    15,727
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    12,693
    c
    Add lines 2a and 2b............................
    2c
    28,420
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,248,592
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,248,592
    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
    2,248,592
    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
    2,206,289
    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
    2,206,289
    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
    2,206,289
    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 2,248,592
    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...... 61,634
    b From 2016...... 138,777
    c From 2017...... 213,285
    d From 2018...... 296,881
    e From 2019......  
    fTotal of lines 3a through e........ 710,577
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,206,289
    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..... 2,206,289
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 42,303 42,303
    (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 5 668,274
    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) ...     		19,331
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		648,943
    10 Analysis of line 9:
    a Excess from 2016.... 138,777
    b Excess from 2017.... 213,285
    c Excess from 2018.... 296,881
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    GIANNA DURSO-FINLEY
    35 PARK PL
    PRINCETON,NJ08542
    (609) 924-7022
    INFO@NEWCOMBEFOUNDATION.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    SEE STATEMENT 14
    cAny submission deadlines:
    SEE STATEMENT 15
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE STATEMENT 16
    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
    ALVERNIA UNIVERSITY
    400 ST BERNARDINE STREET
    READING,PA19607     		NONE PC MATURE STUDENTS SCHOLARSHIPS 5,000
    BARUCH COLLEGE
    ONE BERNARD BARUCH WAY
    NEW YORK,NY10010     		NONE PC MATURE STUDENTS SCHOLARSHIPS 18,750
    BLOOMFIELD COLLEGE
    467 FRANKLIN ST
    BLOOMFIELD,NJ07003     		NONE PC MATURE STUDENTS SCHOLARSHIPS 15,000
    BROOKLYN COLLEGE FOUNDATION
    2900 BEDFORD AVE
    BROOKLYN,NY11210     		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 10,000
    CABRINI UNIVERSITY
    610 KING OF PRUSSIA RD
    RADNOR,PA19087     		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 10,000
    CEDAR CREST COLLEGE
    100 COLLEGE DR
    ALLENTOWN,PA18104     		NONE PC MATURE STUDENTS SCHOLARSHIPS 15,000
    CHATHAM UNIVERSITY
    ONE WOODLAND ROAD
    PITTSBURGH,PA15232     		NONE PC MATURE STUDENTS SCHOLARSHIPS 22,500
    COLLEGE OF NOTRE DAME OF MD
    4701 N CHARLES STREET
    BALTIMORE,MD21210     		NONE PC MATURE STUDENTS SCHOLARSHIPS 7,500
    COLUMBIA UNIVERSITY
    408 LEWISOHN HALL
    NEW YORK,NY10027     		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 75,000
    DELAWARE VALLEY UNIVERSITY
    700 E BUTLER AVENUE
    DOYLESTOWN,PA18901     		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 40,000
    EDINBORO UNIVERSITY OF PA
    210 MEADVILLE ST
    EDINBORO,PA16444     		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 15,000
    ELIZABETHTOWN COLLEGE
    1 ALPHA DR
    ELIZABETHTOWN,PA17022     		NONE PC MATURE STUDENTS SCHOLARSHIPS 7,500
    FAIRLEIGH DICKINSON
    100 RIVER ROAD
    TEANECK,NJ07666     		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 45,000
    FORDHAM UNIVERSITY
    441 E FORDHAM ROAD
    BRONX,NY10458     		NONE PC MATURE STUDENTS SCHOLARSHIPS 10,000
    GALLAUDET UNIVERSITY
    800 FLORIDA AVE NE
    WASHINGTON,DC20002     		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 45,000
    GANNON UNIVERSITY
    109 UNIVERSITY SQUARE
    ERIE,PA16541     		NONE PC MATURE STUDENTS SCHOLARSHIPS 40,000
    GEORGIA STATE UNIVERSITY
    33 GILMER STREET SE
    ATLANTA,GA30303     		NONE PC MATURE STUDENTS SCHOLARSHIPS 25,000
    GWYNEDD-MERCY UNIVERSITY
    1325 SUMNEYTOWN PIKE
    GWYNEDD VALLEY,PA19437     		NONE PC MATURE STUDENTS SCHOLARSHIPS 22,500
    LASALLE UNIVERSITY
    1900 W OLNEY AVE
    PHILADELPHIA,PA19141     		NONE PC MATURE STUDENTS SCHOLARSHIPS 10,000
    LONG ISLAND UNIVERSITY - BROOKLYN CAMPUS
    1 UNIVERSITY CENTER
    BROOKVILLE,NY11548     		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 15,000
    MCDANIEL COLLEGE
    2 COLLEGE HILL
    WESTMINSTER,MD21157     		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 10,000
    MERCY COLLEGE
    555 BROADWAY
    DOBBS FERRY,NY10522     		NONE PC MATURE STUDENTS SCHOLARSHIPS 15,000
    MISERICORDIA UNIVERSITY
    301 LAKE ST
    DALLAS,PA18612     		NONE PC MATURE STUDENTS SCHOLARSHIPS 12,500
    MT ALOYSIUS COLLEGE
    7373 ADMIRAL PEARY HWY
    CRESSON,PA16630     		NONE PC MATURE STUDENTS SCHOLARSHIPS 16,250
    NEUMANN UNIVERSITY
    1 NEUMANN DR
    ASTON,PA19014     		NONE PC MATURE STUDENTS SCHOLARSHIPS 11,500
    NEW JERSEY CITY UNIVERSITY
    2039 JOHN F KENNEDY BLVD W
    JERSEY CITY,NJ07035     		NONE PC MATURE STUDENTS SCHOLARSHIPS 40,000
    PENN STATE ABINGTON
    1600 WOODLAND ROAD
    ABINGTON,PA19001     		NONE PC MATURE STUDENTS SCHOLARSHIPS 17,500
    PENN STATE HARRISBURG
    17 OLD MAIN
    UNIVERSITY PARK,PA16802     		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 25,000
    PENN STATE UNIVERSITY
    201 OLD MAIN
    UNIVERSITY PARK,PA16802     		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 75,250
    RIDER UNIVERSITY
    2083 LAWRENCEVILLE RD
    LAWRENCEVILLE,NJ08648     		NONE PC MATURE STUDENTS SCHOLARSHIPS 27,500
    RUTGERS UNIVERSITY FOUNDATION
    7 COLLEGE AVE
    NEW BRUNSWICK,NJ08901     		NONE PC MATURE STUDENTS SCHOLARSHIPS 56,500
    SAINT JOSEPH'S UNIVERSITY
    5600 CITY LINE AVE
    PHILADELPHIA,PA19131     		NONE PC MATURE STUDENTS SCHOLARSHIPS 10,000
    STEVENSON UNIVERSITY
    1525 GREENSPRING VALLEY ROAD
    STEVENSON,MD21153     		NONE PC MATURE STUDENTS SCHOLARSHIPS 15,000
    TEMPLE UNIVERSITY
    BROAD MONTGOMERY ST
    PHILADELPHIA,PA19122     		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 47,500
    THOMAS EDISON STATE UNIVERSITY FOUNDATION
    111 W STATE ST
    TRENTON,NJ08608     		NONE PC MATURE STUDENTS SCHOLARSHIPS 25,000
    TOWSON UNIVERSITY FOUNDATION
    8000 YORK ROAD
    TOWSON,MD21252     		NONE PC MATURE STUDENTS SCHOLARSHIPS 52,500
    UNIVERSITY MARYLAND COLLEGE PARK
    8400 BALTIMORE AVE STE 200
    COLLEGE PARK,MD20740     		NONE PC MATURE STUDENTS SCHOLARSHIPS 19,000
    UNIVERSITY OF MARYLAND - UNIVERSITY COLLEGE
    6900 GEORGIA AVE MW
    WASHINGTON,DC20307     		NONE PC MATURE STUDENTS SCHOLARSHIPS 22,500
    UNIVERSITY OF MARYLAND BALTIMORE COUNTY
    1000 HILLTOP CIRCLE
    BALTIMORE,MD21250     		NONE PC MATURE STUDENTS SCHOLARSHIPS 26,500
    UNIVERSITY OF BALTIMORE
    1130 N CHARLES ST
    BALTIMORE,MD21201     		NONE PC MATURE STUDENTS SCHOLARSHIPS 12,500
    VILLANOVA UNIVERSITY
    800 E LANCASTER AVE
    VILLANOVA,PA19085     		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 75,000
    WILSON COLLEGE
    1025 PHILADELPHIA AVE
    CHAMBERSBURG,PA17201     		NONE PC MATURE STUDENTS SCHOLARSHIPS 12,500
    THE INSTITUTE FOR CITIZENS AND SCHOLARS
    PO 5281
    PRINCETON,NJ08543     		NONE PC DOCTORAL FELLOWSHIPS AND SCHOLARSHIPS 808,771
    Total .................................bullet 3a 1,887,521
    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 ...........     		    14 163  
    4 Dividends and interest from securities....     14 169,673  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 12,159  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 4,567,637  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 949,463  
    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 5,699,095 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,699,095
    (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:
    THE CHARLOTTE W NEWCOMBE FOUNDATION
    EIN:
    23-2120614
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 44,125 22,063   22,063

    TY 2020 ExplnOfNonFilingWithAGStmt
    Name:
    THE CHARLOTTE W NEWCOMBE FOUNDATION
    EIN:
    23-2120614
    Statement:
    NJ DOES NOT WANT A COPY OF FORM 990PF FILED WITH THE ATTORNEY GENERAL WHEN NO PUBLIC CONTRIBUTIONS ARE SOLICITED.

    TY 2020 GeneralExplanationAttachment
    Name:
    THE CHARLOTTE W NEWCOMBE FOUNDATION
    EIN:
    23-2120614
    Identifier Return Reference Explanation
      FORM 990-PF, PART XV, 2B THE FORM IN WHICH APPLICATIONS SHOULD BE SUBMITTED AND INFORMATION AND MATERIALS THEY SHOULD INCLUDE : COLLEGES & UNIVERSITIES INTERESTED IN NEWCOMBE SCHOLARSHIPS MAY WRITE OR PHONE THE FOUNDATION'S OFFICE; APPLICATION PROCEDURES WILL BE EXPLAINED. APPLICATION FOR NEWCOMBE SCHOLARSHIPS FOR MATURE STUDENTS OR FOR NEWCOMBE SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES REQUIRES COMPLETION OF INFORMATION FORMS AND SUBMISSION OF A REQUEST FOR FUNDING THAT EXPLAINS SERVICES PROVIDED TO SUCH STUDENTS,ADMINISTRATION ARRANGEMENTS FOR THE PROPOSED SCHOLARSHIP GRANT, AND ANY MATCHING FUNDING THE COLLEGE OR UNIVERSITY WOULD PROVIDE TO AUGMENT THE NEWCOMBE FUNDING OR TO BUILD AN ENDOWED SCHOLARSHIP FUND TO BENEFIT THESE STUDENTS. NOTE GEOGRAPHICAL RESTRICTIONS IN STATEMENT 17. IN EVERY CASE, A COPY OF THE INSTITUTION'S LETTER OF EXEMPT STATUS UNDER IRS CODE MUST ACCOMPANY THE APPLICATION AND THE INSTITUTION'S EMPLOYER IDENTIFICATION NUMBER (EIN) MUST BE FURNISHED. APPLICATION FOR NEWCOMBE DOCTORAL DISSERTATION FELLOWSHIPS IN ETHICS AND RELIGION MUST BE MADE TO THE INSTITUTE FOR CITIZENS AND SCHOLARS, WHICH HANDLES SELECTION OF FELLOWS AND ADMINISTRATION OF THIS DOCTORAL DISSERTATION FELLOWSHIP PROGRAM.CONTACT:NEWCOMBE DOCTORAL DISSERTATION FELLOWSHIPSTHE INSTITUTE FOR CITIZENS AND SCHOLARSCN 5281PRINCETON, NJ 08543-5281609-452-7007
      FORM 990-PF, PART XV, 2C ANY SUBMISSION DEADLINES:APPLICATION MATERIAL FOR SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES AND FOR MATURE STUDENTS IS AVAILABLE FOR COLLEGES & UNIVERSITIES FROM MID-JUNE TO MID-SEPTEMBER WITH A NOVEMBER 1ST DEADLINE FOR NEW APPLICATIONS; GRANTS ARE ANNOUNCED IN MAY. THE INSTITUTE FOR CITIZENS AND SCHOLARS MAKES NEWCOMBE FELLOWSHIP MATERIALS AVAILABLE UNTIL NOVEMBER 1ST; APPLICATIONS MUST BE COMPLETED BY NOVEMBER 15TH; FELLOWSHIP AWARDS ARE ANNOUNCED IN APRIL.
      FORM 990-PF, PART XV, 2D ANY RESTRICTIONS OR LIMITATIONS ON AWARDS :ALL GRANTS OF THE NEWCOMBE FOUNDATION ARE FOR SCHOLARSHIPS OR DOCTORAL FELLOWSHIPS IN THE PROGRAMS LISTED ABOVE. GRANTS ARE ONLY MADE TO COLLEGES, UNIVERSITIES, OR FOUNDATIONS. NO GRANTS ARE MADE TO INDIVIDUALS. NO MONEY IS AVAILABLE FOR PROGRAM DEVELOPMENT, STAFFING OR GENERAL SUPPORT. NO FUNDS ARE AWARDED FOR POST-DOCTORAL WORK. NEWCOMBE FOUNDATION GRANTS ARE MADE IN THREE PROGRAMS WITH THE FOLLOWING RESTRICTIONS:(1) NEWCOMBE DOCTORAL DISSERTATION FELLOWSHIPS: UP TO 30 NEWCOMBE FELLOWS ARE SELECTED ANNUALLY IN A NATIONAL COMPETITION. DOCTORAL DEGREE CANDIDATES WHOSE WORK FOCUSES ON ETHICS AND RELIGION MAY APPLY TO THE INSTITUTE FOR CITIZENS AND SCHOLARS (ADDRESS ABOVE). SUPPORT IS LIMITED TO ONE YEAR.(2) NEWCOMBE SCHOLARSHIPS FOR MATURE STUDENTS TEND TO BE RESTRICED GEOGRAPHICALLY TO COLLEGES AND UNIVERSITIES IN PA, NJ, MD, DE, DC AND NY CITY. NO GRANTS ARE MADE IN THIS PROGRAM TO TWO-YEAR COLLEGES, PUBLIC OR PRIVATE, OR TO THEOLOGICAL SEMINARIES APPLICANT COLLEGES MUST OFFER GOOD SUPPORTIVE SERVICES TO MATURE STUDENTS.(3) NEWCOMBE SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES TEND TO BE RESTRICTED GEOGRAPHICALLY TO COLLEGES & UNIVERSITIES IN PA, NJ, MD, DE, DC AND NY CITY. NO GRANTS ARE MADE IN THIS PROGRAM TO TWO YEAR COLLEGES, PUBLIC OR PRIVATE. APPLICANT COLLEGES MUST OFFER GOOD SUPPORTIVE SERVICES TO STUDENTS WITH DISABILITIES.

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE CHARLOTTE W NEWCOMBE FOUNDATION
    EIN:
    23-2120614
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACADIAN INTL SMALL CAP FUND AT COST 1,742,264 1,742,264
    ADAGE CAPITAL PARTNERS AT COST 5,605,098 5,605,098
    AG CORE PLUS REALTY II AT COST 214,526 214,526
    AG REALTY FUND X AT COST 836,758 836,758
    AG REALTY FUND IX AT COST 1,963,486 1,963,486
    COLCHESTER GLOBAL BOND FUND AT COST 1,523,283 1,523,283
    FORESTER OFFSHORE AT COST 2,390,628 2,390,628
    MAP 2003 LP AT COST 854,487 854,487
    MAP 2004 LP AT COST 194,994 194,994
    MAP 2009 LP AT COST 452,611 452,611
    NYES LEDGE CAPITAL AT COST 2,772,171 2,772,171
    VANGUARD EXTD MKT IDX AT COST 1,466,064 1,466,064
    VANGUARD ST IPS AT COST 2,230,718 2,230,718
    WESTWOOD WGI EMERGING MKTS AT COST 4,317,120 4,317,120
    DODGE & COX GLOBAL FUND AT COST 1,092,252 1,092,252
    VANGUARD DEV MARKETS INDEX AT COST 1,964,916 1,964,916
    ADAMAS PARTNERS LP AT COST 296,038 296,038
    IFP GLOBAL AT COST 4,006,462 4,006,462
    MET WEST ASSET MGMT AT COST 2,118,551 2,118,551
    FUNDSMITH SUSTAINABLE EQUITY AT COST 1,113,666 1,113,666
    GUGGENHEIM REIT SHARE AT COST 3,273,254 3,273,254
    VANGUARD FT SE SOCIAL INDEX AT COST 4,054,942 4,054,942
    VANGUARD IT GOVT BOND INDEX AT COST 1,246,600 1,246,600

    TY 2020 OtherAssetsSchedule
    Name:
    THE CHARLOTTE W NEWCOMBE FOUNDATION
    EIN:
    23-2120614
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID EXPENSES AND OTHER CURRENT ASSETS 33,885 49,504 49,504
    DUE FROM BROKER 1,117,631 353,256 353,256


    TY 2020 OtherExpensesSchedule
    Name:
    THE CHARLOTTE W NEWCOMBE FOUNDATION
    EIN:
    23-2120614
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE SUPPLIES 511 0   511
    INSURANCE 2,109 0   2,109
    PAYROLL PROCESSING 1,187 297   890
    COMPUTER EXPENSE 4,779 0   4,779
    OTHER 100 0   100
    POSTAGE 256 0   256
    TELEPHONE 2,999 0   2,999
    ROYALTY EXPENSES THRU K-1S 0 53,613   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE CHARLOTTE W NEWCOMBE FOUNDATION
    EIN:
    23-2120614
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME 3,550,524 199,508 3,550,524
    UNREALIZED GAINS/LOSS ON INVESTMENTS 1,017,113 0 1,017,113


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE CHARLOTTE W NEWCOMBE FOUNDATION
    EIN:
    23-2120614
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 95,031 78,768   16,263
    INVESTMENT ADVISOR FEES 314,552 377,508   0


    TY 2020 TaxesSchedule
    Name:
    THE CHARLOTTE W NEWCOMBE FOUNDATION
    EIN:
    23-2120614
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 18,290 3,843   14,447
    FOREIGN TAXES 0 32,645   0
    EXCISE TAX 22,117 0   0