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
S & L Marx Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

20-0677535
B Telephone number (see instructions)

(800) 839-1754
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$98,782,065J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 8,605 8,605  
4 Dividends and interest from securities... 1,963,133 1,963,133  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,007,777
b Gross sales price for all assets on line 6a 33,386,957
7 Capital gain net income (from Part IV, line 2)... 1,978,882
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 329,227 327,985  
12 Total. Add lines 1 through 11........ 3,308,742 4,278,605  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 150,000     150,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 10,997     10,997
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 32,020 0 0 32,020
c Other professional fees (attach schedule).... Click to see attachment 206,400 194,346   12,054
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... Click to see attachment 947    
20 Occupancy.............. 814     814
21 Travel, conferences, and meetings....... 4,259     4,259
22 Printing and publications.......... 372     372
23 Other expenses (attach schedule)....... Click to see attachment 45,116 12,049   27,226
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 450,925 206,395 0 237,742
25 Contributions, gifts, grants paid....... 4,578,550 4,578,550
26 Total expenses and disbursements. Add lines 24 and 25 5,029,475 206,395 0 4,816,292
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,720,733
b Net investment income (if negative, enter -0-) 4,072,210
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............. 24,549    
2 Savings and temporary cash investments......... 1,395,200 1,814,395 1,814,395
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   16,617    
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)....... 74,372,537 Click to see attachment68,552,558 91,790,141
c Investments—corporate bonds (attach schedule)....... 8,666,860    
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 6,120,532 Click to see attachment2,980,205 5,174,686
14 Land, buildings, and equipment: basis bullet4,737
Less: accumulated depreciation (attach schedule) bullet1,894 3,790 Click to see attachment2,843 2,843
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 90,600,085 73,350,001 98,782,065
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 90,600,085 73,350,001
29 Total net assets or fund balances (see instructions)..... 90,600,085 73,350,001
30 Total liabilities and net assets/fund balances (see instructions). 90,600,085 73,350,001
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
90,600,085
2
Enter amount from Part I, line 27a .....................
2
-1,720,733
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
88,879,352
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
15,529,351
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
73,350,001
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 Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c
d
e
(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 33,386,957   32,415,708 971,249
b       1,007,633
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a        
b        
c
d
e
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 1,978,882
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 56,604
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 56,604
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 56,604
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 130,232
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 130,232
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
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 73,628
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet57,000 RefundedBullet 11 16,628
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletCT
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
    Nancy M Better Executive Dir, Sec
    40.0     		150,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    SYLVIA MARX PRESIDENT/DIRECTOR
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    JAMES BETTER DIRECTOR
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    LEONARD MARX TREASURER/DIRECTOR
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    CHARLES BETTER DIRECTOR
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    DAVID BETTER DIRECTOR
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    SARAH BETTER DIRECTOR
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    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
    JP Morgan Chase Investment MGMT 194,346
    270 PARK AVENUE
    NEW YORK,NY10017
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    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
    82,974,555
    b
    Average of monthly cash balances.......................
    1b
    2,561,854
    c
    Fair market value of all other assets (see instructions)................
    1c
    3,427,244
    d
    Total (add lines 1a, b, and c).........................
    1d
    88,963,653
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    88,963,653
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,334,455
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    87,629,198
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,381,460
    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
    4,381,460
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    56,604
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    56,604
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,324,856
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    4,324,856
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    4,324,856
    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
    4,816,292
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,816,292
    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
    4,816,292
    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 4,324,856
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 2,085,888
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 4,816,292
    a Applied to 2019, but not more than line 2a 2,085,888
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 2,730,404
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		1,594,452
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 0
    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).)
    NONE
    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.
    NONE
    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
    ABILIS INC
    50 GLENVILLE ST
    GREENWICH,CT06831     		N/A PC General & Unrestricted 5,000
    ADOPT A DOG INC
    PO BOX 11135
    GREENWICH,CT06831     		N/A PC unrestricted 5,000
    ALLIANCE FOR CANCER GENE THERAPY INC
    96 CUMMINGS POINT RD
    STAMFORD,CT06902     		N/A PC unrestricted 5,000
    ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI
    225 N MICHIGAN AVE 17TH FL
    CHICAGO,IL60601     		N/A PC Dementia Care Program 75,000
    AMERICAN FRIENDS OF THE HEBREW UNIVERSITY INC
    ONE BATTERY PARK PLZ 25TH FLOOR
    NEW YORK,NY10004     		N/A PC unrestricted 2,500
    ANDROSCOGGIN ALUMNI ASSOCIATION INC
    601 W ST
    HARRISON,NY10528     		N/A PC unrestricted 2,000
    ANTI-DEFAMATION LEAGUE - SOUTHWEST REGION
    4635 SW FREEWAY
    HOUSTON,TX77027     		N/A PC unrestricted 10,000
    AURELIA FOUNDATION
    PO BOX 82
    PACIFIC PALISADES,CA90272     		N/A PC Art Therapy Program 30,000
    BIRTHRIGHT ISRAEL FOUNDATION
    711 3RD AVE 10TH FL
    NEW YORK,NY10017     		N/A PC Education Program Expansion 60,000
    Boys and Girls Club of Greenwich
    4 HORSENECK LN
    Greenwich,CT06830     		N/A PC unrestricted 25,000
    Boys and Girls Club of Greenwich
    4 HORSENECK LN
    Greenwich,CT06830     		N/A PC General & Unrestricted 12,500
    BREAST CANCER ALLIANCE INC
    48 MAPLE AVE
    GREENWICH,CT06830     		N/A PC unrestricted 5,000
    BRONX LACROSSE INC
    1 MANHATTANVILLE RD STE 102
    PURCHASE,NY10577     		N/A PC unrestricted 1,000
    BRUCE MUSEUM INC
    1 MUSEUM DR
    GREENWICH,CT06830     		N/A PC Exhibit and Education Program 20,000
    BRUNSWICK SCHOOL INC
    100 MAHER AVE
    GREENWICH,CT06830     		N/A PC unrestricted 7,000
    BRUNSWICK SCHOOL INC
    100 MAHER AVE
    GREENWICH,CT06830     		N/A PC Summer enrichment program 20,000
    CAGV-EDUCATION FUND INC
    PO BOX 123
    RIDGEFIELD,CT06877     		N/A PC General & Unrestricted 10,000
    CAMPHILL VILLAGE U S A INC
    84 CAMPHILL VILLAGE RD
    COPAKE,NY12516     		N/A PC unrestricted 5,000
    CARAMOOR CENTER FOR MUSIC & THE ARTS INC
    149 GIRDLE RIDGE RD
    KATONAH,NY10536     		N/A PC Education Program Expansion 10,000
    CARNEGIE HALL SOCIETY INC
    881 7TH AVENUE
    NEW YORK,NY10019     		N/A PC unrestricted 25,000
    CHILD ADVOCATES OF CONNECTICUT INC
    500 POST ROAD EAST STE 200
    WESTPORT,CT06880     		N/A PC unrestricted 1,000
    CHILD GUIDANCE CENTER OF SOUTHERN CT INC
    196 GREYROCK PL
    STAMFORD,CT06901     		N/A PC General & Unrestricted 38,000
    CHILDRENS LEARNING CENTERS OF FAIRFIELD COUNTY INC
    64 PALMERS HILL RD
    STAMFORD,CT06902     		N/A PC Faculty Education Program 25,000
    CHROMOSOME 18 REGISTRY AND RESEARCH SOCIETY
    7155 OAKRIDGE
    SAN ANTONIO,TX78229     		N/A PC unrestricted 5,000
    CITY HARVEST INC
    6 EAST 32ND ST 5TH FLOOR
    NEW YORK,NY10016     		N/A PC unrestricted 3,000
    CLASSROOM INC
    123 WILLIAM ST 12TH FLOOR
    NEW YORK,NY10038     		N/A PC General & Unrestricted 2,500
    COLGATE UNIVERSITY Parents' Fund
    13 OAK DR
    HAMILTON,NY13346     		N/A PC unrestricted 1,000
    CONNECTICUT COLLEGE
    270 MOHEGAN AVE
    NEW LONDON,CT06320     		N/A PC unrestricted 1,000
    CYSTIC FIBROSIS FOUNDATION
    100 N 6TH ST STE 604A
    MINNEAPOLIS,MN55403     		N/A PC Patient Assistance Resources 50,000
    FAIR HAVEN COMMUNITY HEALTH CLINIC INC
    374 GRAND AVE
    NEW HAVEN,CT06513     		N/A PC unrestricted 10,000
    FAMILY CENTERS INC
    40 ARCH ST
    GREENWICH,CT06830     		N/A PC Childcare and Literacy Programs 10,000
    FERNWOOD COVE FOUNDATION
    350 ISLAND POND RD
    HARRISON,ME04040     		N/A PC unrestricted 1,000
    FIGURE SKATING IN HARLEM INC
    361 WEST 125TH ST 4TH FLOOR
    NEW YORK,NY10027     		N/A PC unrestricted 1,000
    FILLING IN THE BLANKS INC
    346 MAIN AVE STE 3A
    NORWALK,CT06851     		N/A PC unrestricted 2,500
    FRIENDS OF THE ISRAEL DEFENSE FORCES
    60 E 42ND ST
    NEW YORK,NY10165     		N/A PC unrestricted 5,000
    FSHD SOCIETY
    75 NORTH MAIN ST NO 1073
    RANDOLPH,MA02368     		N/A PC unrestricted 10,000
    Gather New Haven
    PO BOX 8953
    New Haven,CT06532     		N/A PC unrestricted 10,000
    GRAD BAG INC
    18 RICHBELL RD
    SCARSDALE,NY10583     		N/A PC College Assistance Program Expansion 12,000
    GRASSROOT SOCCER INC
    15 LEBANON ST
    HANOVER,NH03255     		N/A PC unrestricted 2,500
    GREENWICH ACADEMY INC
    200 N MAPLE AVE
    GREENWICH,CT06830     		N/A PC unrestricted 3,000
    GREENWICH EMERGENCY MEDICAL SERVICE INCORPORATED
    1111 E PUTNAM AVE
    RIVERSIDE,CT06878     		N/A PC unrestricted 5,000
    GREENWICH HISTORICAL SOCIETY INC
    47 STRICKLAND RD
    COS COB,CT06807     		N/A PC unrestricted 1,000
    GREENWICH HOSPITAL
    5 PERRYRIDGE RD
    GREENWICH,CT06830     		N/A PC Community Health Program 30,000
    GREENWICH LIBRARY
    101 W PUTNAM AVE
    GREENWICH,CT06830     		N/A PC Black Box Theater Project 260,000
    GREENWICH SYMPHONY ORCHESTRA INC
    PO BOX 35
    GREENWICH,CT06836     		N/A PC unrestricted 10,000
    HAND IN HAND AMERICAN FRIENDS OF CNTR FOR JEWISH-A
    PO BOX 80102
    PORTLAND,OR97280     		N/A PC unrestricted 2,500
    HARLEM ACADEMY
    1330 5TH AVE
    NEW YORK,NY10026     		N/A PC New School Facility 80,000
    HARLEM EDUCATIONAL ACTIVITIES FUND INC
    2090 7TH AVE ADAM CLAYTON POWE
    NEW YORK,NY10027     		N/A PC Summer Quest Enrichment Program 30,000
    HARVARD BUSINESS SCHOOL
    PO BOX 412275
    BOSTON,MA02241     		N/A PC unrestricted 10,000
    HOSPITAL FOR SPECIAL SURGERY FUND INC
    535 EAST 70TH ST
    NEW YORK,NY10021     		N/A PC Disc Regeneration Research 166,650
    IMPACT 100 FAIRFIELD COUNTY
    PO BOX 7666
    GREENWICH,CT06836     		N/A PC unrestricted 7,000
    ISRAEL LACROSSE ASSOCIATION INC
    1501 BROADWAY
    NEW YORK,NY10036     		N/A PC unrestricted 5,000
    JEWISH BOARD OF FAMILY & CHILDRENS SERVICES INC
    135 WEST 50TH ST 6TH FLOOR
    NEW YORK,NY10020     		N/A PC Early Childhood Mental Care 335,000
    JEWISH FAMILY SERVICES OF GREENWICH INC
    1 HOLLY HILL LN
    GREENWICH,CT06830     		N/A PC Shopping for Seniors 5,000
    JOSEPH SLIFKA CENTER FOR JEWISH LIFE AT YALE
    80 WALL ST
    NEW HAVEN,CT06511     		N/A PC Facilities Renovation 110,000
    JUILLIARD SCHOOL
    60 LINCOLN CENTER PLZ
    NEW YORK,NY10023     		N/A PC unrestricted 10,000
    LAKE WARAMAUG TASK FORCE INC
    19 SACKETT HILL RD
    WARREN,CT06754     		N/A PC unrestricted 11,000
    LARCHMONT TEMPLE INC
    75 LARCHMONT AVE
    LARCHMONT,NY10538     		N/A PC unrestricted 2,000
    LEGAL INFORMATION FOR FAMILIES TODAY
    32 COURT ST SUITE 1208
    BROOKLYN,NY11201     		N/A PC unrestricted 1,000
    LEO BAECK INSTITUTE INC
    15 W 16TH ST
    NEW YORK,NY10011     		N/A PC unrestricted 1,800
    LETS GET READY INC
    50 BROADWAY 25TH FL
    NEW YORK,NY10004     		N/A PC Virtual Success Coaching Program 56,000
    LEUKEMIA & LYMPHOMA SOCIETY INC
    3 INTERNATIONAL DR STE 200
    RYE BROOK,NY10573     		N/A PC General & Unrestricted 1,000
    LINCOLN CENTER FOR THE PERFORMING ARTS INC
    PO BOX 22349
    NEW YORK,NY10087     		N/A PC unrestricted 6,000
    LYMAN ALLYN ART MUSEUM INC
    625 WILLIAMS ST
    NEW LONDON,CT06320     		N/A PC unrestricted 1,000
    MARLBORO SCHOOL OF MUSIC INC
    1528 WALNUT ST STE 301
    PHILADELPHIA,PA19102     		N/A PC New Educational Facility 40,000
    MERRITT PARKWAY CONSERVANCY
    PO BOX 183
    WESTPORT,CT06881     		N/A PC unrestricted 1,000
    METROPOLITAN OPERA GUILD INC
    70 LINCOLN CTR PLZ 6TH
    NEW YORK,NY10023     		N/A PC unrestricted 25,000
    MIANUS RIVER GORGE INC
    167 MIANUS RIVER RD
    BEDFORD,NY10506     		N/A PC unrestricted 10,000
    MORYS PRESERVATION INC
    306 YORK ST
    NEW HAVEN,CT06511     		N/A PC unrestricted 12,500
    MOUNT KISCO CHILD CARE CENTER INC
    95 RADIO CIR DR
    MOUNT KISCO,NY10549     		N/A PC unrestricted 2,000
    MOUNT SINAI SCHOOL OF MEDICINE OF NEW YORK UNIVERS
    ONE GUSTAVE L LEVY PL BOX 1191
    NEW YORK,NY10029     		N/A PC unrestricted 5,000
    NATIONAL MULTIPLE SCLEROSIS SOCIETY
    733 THIRD AVE
    NEW YORK,NY10017     		N/A PC unrestricted 3,000
    NATIONAL MUSEUM OF AMERICAN JEWISH HISTORY
    101 S INDEPENDENCE MALL E
    PHILADELPHIA,PA19106     		N/A PC General & Unrestricted 1,000
    NEADS INC
    PO BOX 1100
    PRINCETON,MA01541     		N/A PC New Training Facility 25,000
    NEW YORK HISTORICAL SOCIETY
    170 CENTRAL PARK W
    NEW YORK,NY10024     		N/A PC unrestricted 5,000
    NEW YORK THEATRE WORKSHOP INC
    79 E 4TH ST
    NEW YORK,NY10003     		N/A PC General & Unrestricted 1,000
    NEW YORK UNIVERSITY GROSSMAN SCHOOL OF MEDICINE
    ONE PARK AVE 5TH FL
    NEW YORK,NY10016     		N/A PC unrestricted 5,000
    OLD ROAD FUND INC
    ST JOHNS ANTIGUA W ST JOHNS ANTIG
    AC     		N/A PC unrestricted 2,500
    OPEN DOOR FAMILY MEDICAL CENTER INC
    165 MAIN ST
    OSSINING,NY10562     		N/A PC unrestricted 2,500
    PHILHARMONIC-SYMPHONY SOCIETY OF NEW YORK INC
    10 LINCOLN CENTER PLZ
    NEW YORK,NY10023     		N/A PC General & Unrestricted 1,000
    PIERPONT MORGAN LIBRARY
    225 MADISON AVE
    NEW YORK,NY10016     		N/A PC unrestricted 12,500
    PLANNED PARENTHOOD OF SOUTHERN NEW ENGLAND INC
    345 WHITNEY AVE
    NEW HAVEN,CT06511     		N/A PC Teen Education Program 27,500
    PRESIDENT AND FELLOWS OF HARVARD COLLEGE - HARVARD
    PO BOX 419209
    BOSTON,MA02241     		N/A PC unrestricted 1,000
    PURCHASE COLLEGE FOUNDATION
    735 ANDERSON HILL RD
    PURCHASE,NY10577     		N/A PC unrestricted 1,000
    PUTNAM-INDIAN FIELD SCHOOL INC
    101 INDIAN FIELD RD
    GREENWICH,CT06830     		N/A PC unrestricted 5,000
    READING TEAM INC
    2090 7TH AVE
    NEW YORK,NY10027     		N/A PC unrestricted 7,000
    ROYAL FAMILY PRODUCTIONS INC
    145 W 46TH ST 3
    NEW YORK,NY10036     		N/A PC unrestricted 2,000
    SAVE THE CHILDREN FEDERATION INC
    501 KINGS HWY EAST STE 400
    FAIRFIELD,CT06825     		N/A PC Remedial Reading Program 3,000
    SEEDS OF PEACE INC
    PO BOX 70372
    NEWARK,NJ07101     		N/A PC unrestricted 2,000
    SHAKESPEARE ON THE SOUND INC
    33 HIGHLAND AVE
    ROWAYTON,CT06853     		N/A PC Educational Outreach 15,000
    SHARP AGAIN NATURALLY INC
    PO BOX 713
    LARCHMONT,NY10538     		N/A PC unrestricted 2,000
    SHATTERPROOF A NONPROFIT CORP
    101 MERRITT 7 CORPORATE PARK 1ST FL
    NORWALK,CT06851     		N/A PC unrestricted 3,000
    SOUTHERN POVERTY LAW CENTER INC
    400 WASHINGTON AVE
    MONTGOMERY,AL36104     		N/A PC unrestricted 1,500
    SQUASH HAVEN INC
    70 TOWER PKWY
    NEW HAVEN,CT06511     		N/A PC unrestricted 10,000
    STAMFORD CENTER FOR THE ARTS INC
    61 ATLANTIC ST
    STAMFORD,CT06901     		N/A PC unrestricted 5,000
    STANFORD UNIVERSITY GRADUATE SCHOOL OF BUSINESS
    655 KNIGHT WAY
    STANFORD,CA94305     		N/A PC USA Fellows Scholarship Program 200,000
    STERLING & FRANCINE CLARK ART INST
    225 S ST
    WILLIAMSTOWN,MA01267     		N/A SO I Exhibit sponsorship 50,000
    SUMMER CAMP INC
    8 CHURCH ST
    BRIDGTON,ME04009     		N/A PC unrestricted 5,000
    TAFT SCHOOL CORPORATION
    110 WOODBURY RD
    WATERTOWN,CT06795     		N/A PC Financial Aid Program 10,000
    TEMPLE SHOLOM INC
    300 E PUTNAM AVE
    GREENWICH,CT06830     		N/A PC Endowment Campaign 87,100
    THAMES VALLEY MUSIC SCHOOL
    270 MOHEGAN AVECONNCOLLE BOX 5294
    NEW LONDON,CT06320     		N/A PC unrestricted 3,000
    THE ASPEN INSTITUTE INC
    2300 N ST NW STE 700
    WASHINGTON,DC20037     		N/A PC unrestricted 1,000
    THE GREENWICH LAND TRUST INC
    370 ROUND HILL RD
    GREENWICH,CT06831     		N/A PC unrestricted 25,000
    THE METROPOLITAN MUSEUM OF ART
    1000 FIFTH AVE
    NEW YORK,NY10028     		N/A PC American Decorative Arts 5,000
    THE MULTIPLE MYELOMA RESEARCH FOUNDATION INC
    383 MAIN AVE 5TH FL
    NORWALK,CT06851     		N/A PC unrestricted 5,000
    THE NEW YORK PUBLIC LIBRARY ASTOR LENOX AND TILDEN
    445 FIFTH AVE 4TH FLOOR
    NEW YORK,NY10016     		N/A PC unrestricted 1,500
    TRICKLE UP PROGRAM INC
    104 W 27TH ST
    NEW YORK,NY10001     		N/A PC Technical and Strategic Services 50,000
    TRUSTEES OF COLUMBIA UNIVERSITY
    PO BOX 1523
    NEW YORK,NY10008     		N/A PC unrestricted 2,000
    UJA FEDERATION OF GREENWICH
    1 HOLLY HILL LN
    GREENWICH,CT06830     		N/A PC unrestricted 7,500
    UNIVERSITY OF HAWAII FOUNDATION
    1314 SOUTH KING ST SUITE B
    HONOLULU,HI96814     		N/A PC Student Stipend Fund 5,000
    WASHINGTON INSTITUTE FOR NEAR EAST POLICY
    1111 19TH ST NW STE 500
    WASHINGTON,DC20036     		N/A PC unrestricted 10,000
    WATERSIDE SCHOOL INC
    770 PACIFIC ST
    STAMFORD,CT06902     		N/A PC Financial Aid Program 101,000
    WESTCHESTER ARC FOUNDATION INC
    265 SAW MILL RIVER RD
    HAWTHORNE,NY10532     		N/A PC Music Therapy Program 55,000
    WESTCHESTER PHILHARMONIC INC
    170 HAMILTON AVE STE 350
    WHITE PLAINS,NY10601     		N/A PC unrestricted 1,000
    WILLIAMS COLLEGE
    75 PARK ST
    WILLIAMSTOWN,MA01267     		N/A PC Tutorial Endowment 150,000
    YALE CANCER CENTER
    PO BOX 7611
    NEW HAVEN,CT06519     		N/A PC Cancer Research 10,000
    YALE UNIVERSITY
    PO BOX 2038
    NEW HAVEN,CT06521     		N/A PC General & Unrestricted 25,000
    YALE UNIVERSITY
    PO BOX 2038
    NEW HAVEN,CT06521     		N/A PC Multiple Resricted Programs 1,800,000
    YALE UNIVERSITY ART GALLERY
    PO BOX 208271
    NEW HAVEN,CT06520     		N/A PC unrestricted 5,000
    YONKERS PARTNERS IN EDUCATION INC
    86 MAIN ST
    YONKERS,NY10701     		N/A PC College Access Program Expansion 50,000
    Total .................................bullet 3a 4,578,550
    bApproved for future payment
    Total .................................bullet 3b  
    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 8,605  
    4 Dividends and interest from securities....     14 1,963,133  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990 144 18 1,007,633  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 Inc/Loss     		525990 1,242 14 56,360  
    bDIVIDENDS FROM CLOSELY HELD STOCK     14 271,625  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 1,386 3,307,356  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,308,742
    (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:
    S & L Marx Foundation
    EIN:
    20-0677535
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bookkeeping 8,020     8,020
    COMPILATION 10,800     10,800
    TAX RETURN PREPARATION/REVIEW 13,200     13,200

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

    TY 2020 DepreciationSchedule
    Name:
    S & L Marx Foundation
    EIN:
    20-0677535
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER 2019-06-01 4,737 947 SL 5 947   0  

    TY 2020 GeneralExplanationAttachment
    Name:
    S & L Marx Foundation
    EIN:
    20-0677535
    Identifier Return Reference Explanation
    Part I Line 6a Part I Line 6a RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $1,007,633 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $144 TOTAL PART I, LINE 6A: $1,007,777 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRADED SECURITIES GROSS SALES PRICE: $33,386,957 BOOK BASIS: $32,415,708 NET GAIN/(LOSS): $971,249 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $36,384

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    S & L Marx Foundation
    EIN:
    20-0677535
    Name of Stock End of Year Book Value End of Year Fair Market Value
    APPLE INC 395,681 2,468,034
    BERKSHIRE HATHAWAY INC DEL CL 219,968 1,043,445
    BERKSHIRE HATHAWAY INC. CLASS 510,677 927,480
    BLACKROCK HIGH YIELD BOND PORT 1,424,337 1,463,118
    BOSTON PROPERTIES PFD SER B - 182,650 239,856
    DODGE & COX INCOME FUND 1,782,154 1,886,443
    DOUBLELINE TOTAL RETURN BOND-R 1,544,209 1,565,785
    EDGEWOOD GROWTH FUND INSTI 2,591,104 3,367,504
    FIDELITY 500 INDEX FUND 9,506,698 16,049,997
    FIDELITY EXTENDED MARKET INDEX 895,150 2,219,385
    FIDELITY INTERNATL INDEX INSTL 8,751,414 9,796,343
    INVESCO QQQ TRUST 1,794,466 2,570,786
    ISHARES CORE MSCI EMERGING MAR 3,624,072 4,411,292
    ISHARES GOLD TRUST 668,898 963,410
    ISHARES MSCI BRAZIL FREE INDEX 1,040,202 1,176,824
    ISHARES MSCI INDIA ETF 1,068,381 1,102,752
    ISHARES MSCI-JAPAN 958,136 1,086,500
    ISHARES S&P GLOBAL I 723,961 693,197
    ISHARES TRUST RUSSELL 1000 VAL 2,538,559 2,750,734
    ISHARES TRUST- ISHARES MSCI AL 1,342,977 1,733,954
    MARKET VECTORS - GOLD MINERS E 991,775 1,462,520
    MATTHEWS CHINA INST 774,814 1,091,710
    MICROSOFT CORP 400,938 2,224,200
    NEUBERGER BERMAN GREATER CHINA 130,000 102,927
    PARNASSUS EQUITY INCOME FUND I 4,477,312 6,113,477
    PIMCO COMMODITY PL STRAT INS 1,000,000 978,218
    PIMCO INVESTMENT GRADE CORP BD 1,242,397 1,330,006
    PIMCO TOTAL RETURN FUND 908,850 964,346
    PRIMECAP ODYSSEY GROWTH FUND 1,409,009 1,994,251
    PRUDENTIAL GLOBAL REAL ESTATE 1,604,870 1,606,707
    SCHWAB US TIPS 800,239 911,459
    SELECT SECTOR SPDR-HEALTH CARE 2,870,517 3,338,766
    SL GREEN RLTY CORP PFD SER I - 87,824 100,600
    T-ROWE PRICE JAPAN FUND I 785,402 1,108,351
    T. ROWE PRICE NEW ASIA FUND I 1,704,043 2,216,576
    VANGUARD FIN ETF 2,187,712 2,429,110
    VANGUARD MID-CAP ETF 1,965,768 2,495,921
    VANGUARD TOTAL BOND MARKET IND 2,808,180 2,911,496
    WELLS FARGO NON-CUM PERP CL A 839,214 892,661

    TY 2020 InvestmentsOtherSchedule2
    Name:
    S & L Marx Foundation
    EIN:
    20-0677535
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    17 WEST ORANGE REALTY CO     182,000
    26 EAST REALTY CORPORATION     955,500
    ARGIN REALTY CO., INC     255,499
    ARLINGTON JOINT VENTURE   21,698 35,001
    BLOOMINGTON SYNDICATE   3,622 26,250
    CRP VIII (CARLYLE) PRVT INV OF   352,542 382,167
    DARB REALTY CORPORATION     56,011
    ELMONT JOINT VENTURE   8,035 12,892
    FORT LEE JOINT VENTURE   4,972 5,104
    ITHACA JOINT VENTURE   9,997 15,166
    KESMAR REALTY CO., INC     277,336
    KINNEY HYBLA JOINT VENTURE   5,698 44,100
    KOHLBERG PARTNERS IX, LP   495,970 524,841
    LM OF GREENWICH     87,505
    MADISON SYNDICATE   884 2,380
    MANASSAS JOINT VENTURE   6,754 22,969
    MELCO HYBLA JOINT VENTURE   8,607 31,500
    MONTCAN REALTY CO., INC     122,667
    NEWBURY STREET PARTNERS   15,847 36,462
    PETERS LAND SYNDICATE   8,860 28,263
    RMWC DIRECT LENDING OPPORTUNIT   2,027,909 2,033,575
    SEAFORD JOINT VENTURE   2,982 12,600
    STATE COLLEGE JOINT VENTURE   5,828 24,898

    TY 2020 LandEtcSchedule2
    Name:
    S & L Marx Foundation
    EIN:
    20-0677535
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER 4,737 1,894 2,843 2,843


    TY 2020 OtherDecreasesSchedule
    Name:
    S & L Marx Foundation
    EIN:
    20-0677535
    Description Amount
    ADJ TO REFLECT ASSETS AT COST BASIS 15,529,351


    TY 2020 OtherExpensesSchedule
    Name:
    S & L Marx Foundation
    EIN:
    20-0677535
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE FEES 7,500     7,500
    FOUNDATION DUES & MEMBERSHIPS 1,900     1,900
    K-1 EXP KOHLBERG PARTNERS IX 5,841      
    K-1 Exp RMWC DIRECT LENDING OP 12,049 12,049    
    Office Supplies 1,996     1,996
    Payroll Processing Fees 1,824     1,824
    POSTAGE & DELIVERY 155     155
    CREDIT CARD FEES 387     387
    COMPUTER EQUIPMENT 6,360     6,360
    COMPUTER REPAIRS & SERVICES 371     371
    MAILBOX RENTAL 480     480
    SUBSCRIPTIONS 4,527     4,527
    TELEPHONE 1,726     1,726


    TY 2020 OtherIncomeSchedule2
    Name:
    S & L Marx Foundation
    EIN:
    20-0677535
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss ARLINGTON JOINT VENTURE -4,326 -4,326  
    K-1 Inc/Loss BLOOMINGTON SYNDICATE 4,038 4,038  
    K-1 Inc/Loss ELMONT JOINT VENTURE 2,089 2,089  
    K-1 Inc/Loss FORT LEE JOINT VENTURE 680 680  
    K-1 Inc/Loss ITHACA JOINT VENTURE 486 486  
    K-1 Inc/Loss KINNEY HYBLA JOINT VENTURE 6,048 6,048  
    K-1 Inc/Loss KOHLBERG PARTNERS IX, LP 1,243 1  
    K-1 Inc/Loss LM OF GREENWICH -288 -288  
    K-1 Inc/Loss MADISON SYNDICATE 466 466  
    K-1 Inc/Loss MANASSAS JOINT VENTURE 3,839 3,839  
    K-1 Inc/Loss MELCO HYBLA JOINT VENTURE 1,468 1,468  
    K-1 Inc/Loss NEWBURY STREET PARTNERS 5,197 5,197  
    K-1 Inc/Loss PETERS LAND SYNDICATE -6,560 -6,560  
    K-1 Inc/Loss RMWC DIRECT LENDING OPPORTUNITIES FUN 39,957 39,957  
    K-1 Inc/Loss SEAFORD JOINT VENTURE 1,932 1,932  
    K-1 Inc/Loss STATE COLLEGE JOINT VENTURE 1,258 1,258  
    Credit card reward 75 75  
    Dividends from closely held stock 271,625 271,625  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    S & L Marx Foundation
    EIN:
    20-0677535
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 194,346 194,346    
    Philanthropic Consulting Srvcs 12,054     12,054