Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE FORSTER-CONNOLLY FOUNDATION
C/O PETER FORSTER
Number and street (or P.O. box number if mail is not delivered to street address)5291 PARTRIDGE LANE NW
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, DC20016
A Employer identification number

46-5749133
B Telephone number (see instructions)

(571) 382-0020
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$27,301,889J 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) 8,079,710
2 Check bullet.............
3 Interest on savings and temporary cash investments 63,126 63,126  
4 Dividends and interest from securities... 482,276 482,276  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 403,603
b Gross sales price for all assets on line 6a 10,319,552
7 Capital gain net income (from Part IV, line 2)... 403,603
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).......      
12 Total. Add lines 1 through 11........ 9,028,715 949,005  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 7,323 3,662   0
c Other professional fees (attach schedule).... Click to see attachment 74,026 74,026   0
17 Interest............... 295 0   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 24,998 4,998   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 106,642 82,686   0
25 Contributions, gifts, grants paid....... 1,785,000 1,785,000
26 Total expenses and disbursements. Add lines 24 and 25 1,891,642 82,686   1,785,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 7,137,073
b Net investment income (if negative, enter -0-) 866,319
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............. 565,231 1,135,129 1,135,129
2 Savings and temporary cash investments.........      
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 bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 16,113,231 Click to see attachment21,389,370 26,166,760
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,678,462 22,524,499 27,301,889
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 16,678,462 22,524,499
29 Total net assets or fund balances (see instructions)..... 16,678,462 22,524,499
30 Total liabilities and net assets/fund balances (see instructions). 16,678,462 22,524,499
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
16,678,462
2
Enter amount from Part I, line 27a .....................
2
7,137,073
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
23,815,535
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,291,036
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
22,524,499
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 A T & T INC EXP: 12/01.1: 4.25%27EXCHANGE OFER 00206RDQ2 P 2020-03-09 2020-11-24
b AMERICAN TOWER 3.375%26 DUE 10/15/26: 03027XAK6 P 2020-03-02 2020-10-13
c AMERICAN TOWER 3.375%26 DUE 10/15/26: 03027XAK6 P 2020-05-04 2020-10-13
d ARCELOR MITTAL6.125% 25FTENDER OFFEREXP: 10/13/2: 03938LAZ7 P 2020-06-05 2020-10-15
e BALL CORP 5.25%25 DUE 07/01/25 058498AT3 P 2020-02-28 2020-09-15
BALL CORP 5.25%25 DUE 07/01/25 058498AT3 P 2020-04-28 2020-09-15
CATERPILLAR INC. 2.6%30 DUE 04/09/30: 149123CH2 P 2020-04-06 2020-06-01
CDW CORP 4.25%28 DUE 04/01/28 12513GBD0 P 2019-11-01 2020-08-04
CDW CORP 4.25%28 DUE 04/01/28 12513GBD0 P 2020-03-02 2020-08-04
CDW CORP 4.125%25 DUE 05/01/25: 12513GBE8 P 2020-06-19 2020-08-03
CHENIERE CORPUS 5.125%27 06/30/27: 16412XAG0 P 2019-11-12 2020-03-11
CONCHO RESOURCES 2.4%31EXCHANGE OFFER EXP: 12/18.0: 20605PAM3 P 2020-10-15 2020-12-15
CYRUSONE LP 3.45%29 DUE 11/15/29: 23283PAR5 P 2019-12-05 2020-02-24
CYRUSONE LP 3.45%29 DUE 11/15/29: 23283PAR5 P 2019-12-18 2020-02-24
EQUINIX, INC. (RE 3.2%29 DUE 11/18/29: 29444UBE5 P 2020-02-25 2020-11-09
EQUINIX, INC. (RE 3.2%29 DUE 11/18/29 29444UBE5 P 2020-06-19 2020-11-09
FNMA PL BM4153 3%33 DUE 06/01/33 3140J8TK9 P 2020-01-28 2020-04-24
FNMA PL BP0654 3%50 DUE 03/01/50 3140K7WQ2 P 2020-03-16 2020-03-30
FNMA PL FM1047 4%34 DUE 06/01/34 3140X4EV4 P 2019-07-26 2020-05-11
GLP CAPITAL, L.P 5.75%28 DUE 06/01/28: 361841AK5 P 2020-02-26 2020-03-06
HILTON DOMESTIC 4.25%24 DUE09/01/24: 432833AB7 P 2020-02-21 2020-03-06
HOST HOTELS & R 3.875%24 04/01/24: 44107TAX4 P 2020-03-02 2020-03-06
HOST HOTELS & RESOR 4%25 06/15/25: 44107TAV8 P 2020-02-18 2020-03-06
KAISER FOUNDATIO 3.15%27 05/01/27: 48305QAC7 P 2020-02-26 2020-04-14
KINDER MORGAN, IN 4.3%28 03/01/28: 49456BAP6 P 2019-07-15 2020-02-25
KINDER MORGAN, IN 4.3%28 03/01/28: 49456BAP6 P 2020-02-21 2020-02-25
LOWE'S COMPANIES, I 4%25 04/15/25: 548661DT1 P 2020-03-26 2020-08-07
MCDONALD'S CORP 3.7%26 DUE 01/30/26: 58013MEY6 P 2020-02-24 2020-06-17
MCDONALD'S CORP 3.7%26 DUE 01/30/26: 58013MEY6 P 2020-04-16 2020-06-17
MICROSOFT CORP 3.75%45EXCHANGEOFFER EXP: 05/13.0: 594918BD5 P 2020-03-05 2020-06-01
MORGAN STANLEY VAR 30 DUE 01/23/30: 6174468G7 P 2019-09-25 2020-02-24
NETFLIX, INC. 5.875%25 DUE 02/15/25: 64110LAL0 P 2020-03-03 2020-12-07
NORTHROP GRUMMAN 3.2%27 DUE 02/01/27: 666807BK7 P 2020-02-21 2020-09-10
NTNL RURAL UTILI 3.25%25 DUE 11/01/25: 637432NG6 P 2020-02-20 2020-06-05
NTNL RURAL UTILI 3.25%25 DUE 11/01/25: 637432NG6 P 2020-04-17 2020-06-05
NUSTAR LOGISTICS 4.75%22 DUE 02/01/22: 67059TAC9 P 2020-03-06 2020-03-25
ORACLE CORP 2.5%25 DUE 04/01/25: 68389XBT1 P 2020-03-30 2020-06-04
THE COCA-COLA CO 1.65%30 DUE 06/01/30: 191216CV0 P 2020-04-29 2020-07-16
THE GOLDMAN SACHS 3.5%26 DUE 11/16/26: 38145GAH3 P 2020-02-26 2020-05-08
THE GOLDMAN SACHS 3.5%26 DUE 11/16/26: 38145GAH3 P 2020-04-17 2020-05-08
TOLL BROTHERS F 4.375%23 DUE 04/15/23: 88947EAN0US TREASUR NT P 2020-02-20 2020-10-20
TOLL BROTHERS F 4.375%23 DUE 04/15/23: 88947EAN0US TREASUR NT P 2020-04-03 2020-10-20
TOLL BROTHERS F 4.375%23 DUE 04/15/23: 88947EAN0US TREASUR NT P 2020-05-01 2020-10-20
US TREASURY NT 2%11/22UST NOTE DUE 11/30/22: 912828M80 P 2020-02-25 2020-03-16
US TREASURY 4.5%02/36UST BOND DUE 02/15/36: 912810FT0 P 2020-02-26 2020-10-15
WASTE MANAGEMENT 3.45%29**CALLED** @101 EFF:07: 94 P 2020-03-03 2020-07-20
WASTE MANAGEMENT 3.45%29**CALLED** @101 EFF: 07: 94106LBG3 P 2020-04-28 2020-07-20
A T & T INC 4.25%27EXCHANGE OFFER EXP: 12/01.1: 00206RDQ2 P 2018-04-17 2020-11-24
AMERICAN TOWER 3.375%26 DUE 10/15/26: 03027XAK6 P 2020-04-16 2020-10-13
BALL CORP 4%23 DUE 11/15/23: 058498AS5 P 2018-04-11 2020-09-15
CDW CORP 5%25 DUE 09/01/25: 12513GBC2 P 2018-04-16 2020-08-03
EQUINIX, INC. (RE 3.2%29 DUE 11/18/29: 29444UBE5 P 2019-11-06 2020-11-09
FNMA PL BC1155 3%46 DUE 06/01/46 3140EVH91 P 2018-05-11 2020-05-07
FNMA PL BC1155 3%46 DUE 06/01/46 3140EVH91 P 2018-05-30 2020-05-07
FNMA PL BM1382 4%31 DUE 03/01/31 3140J5RC5 P 2018-04-20 2020-02-07
FNMA PL CA2206 4.5%48 DUE 08/01/48: 3140Q9NY5 P 2019-03-27 2020-04-07
GLP CAPITAL, L.P 5.75%28 DUE 06/01/28: 361841AK5 P 2019-02-28 2020-03-06
HILTON DOMESTIC 4.25%24 DUE 09/01/24: 432833AB7 P 2019-02-28 2020-03-06
HOST HOTELS & R 3.875%24 DUE04/01/24: 44107TAX4 P 2018-04-25 2020-03-06
KAISER FOUNDATIO 3.15%27 DUE 05/01/27: 48305QAC7 P 2018-04-17 2020-04-14
MCDONALD'S CORP 3.7%26 DUE 01/30/26: 58013MEY6 P 2018-04-20 2020-06-17
MGM RESORTS INTE 7.75%22 DUE 03/15/22: 552953BX8 P 2018-10-15 2020-02-24
MICROSOFT CORP 3.75%45EXCHANGE OFFER EXP: 05/13.0: 594918BD5 P 2018-04-17 2020-06-01
NETFLIX, INC. 5.875%25 DUE 02/15/25: 64110LAL0 P 2019-09-12 2020-12-07
NORTHROP GRUMMAN 3.2%27 DUE 02/01/27: 666807BK7 P 2019-04-26 2020-09-10
NTNL RURAL UTILI 3.25%25 DUE11/01/25: 637432NG6 P 2018-04-20 2020-06-05
NUSTAR LOGISTICS 6.75%21 02/01/21: 67059TAD7 P 2019-03-08 2020-03-26
THE ADT SECURITY 6.25%21 10/15/21: 00101JAK2 P 2018-04-23 2020-02-14
THE GEORGE WASH 4.126%48 09/15/48: 372546AW1 P 2018-04-18 2020-12-10
THE GOLDMAN SACHS 3.5%26 DUE11/16/26: 38145GAH3 P 2019-01-29 2020-05-08
THE GOLDMAN SACHS 3.5%26 DUE11/16/26: 38145GAH3 P 2019-02-04 2020-05-08
TOLL BROTHERS F 4.375%23 DUE 04/15/23: 88947EAN0 P 2018-04-25 2020-10-20
US TREASURY 4.5%02/36UST BOND 02/15/36: 912810FT0 P 2018-04-12 2020-05-04
US TREASURY 4.5%02/36UST BOND 02/15/36: 912810FT0 P 2018-04-12 2020-05-06
US TREASURY 4.5%02/36UST BOND 02/15/36: 912810FT0 P 2018-07-18 2020-05-06
US TREASURY 4.5%02/36UST BOND 02/15/36: 912810FT0 P 2018-07-18 2020-10-15
US TREASURY 4.5%02/36UST BOND 02/15/36: 912810FT0 P 2019-09-05 2020-10-15
WASTE MANAGEMENT 3.45%29**CALLED** @101 EFF: 07: 94106LBG3 P 2019-05-28 2020-07-20
BLACKSTONE ALT MULTI STRAT FD INST: BXMIX P 2019-06-27 2020-04-21
BOSTON PARTNERS LONG SHORT RESEARCH INST: BPIRX P 2019-06-27 2020-03-19
FPA CRESCENT FUND INST CL SHARES: FPACX P 2019-06-27 2020-04-09
BLACKSTONE ALT MULTI STRAT FD INST: BXMIX P 2017-12-11 2020-02-05
BLACKSTONE ALT MULTI STRAT FD INST: BXMIX P 2017-12-11 2020-04-09
BLACKSTONE ALT MULTI STRAT FD INST: BXMIX P 2017-12-11 2020-04-21
BOSTON PARTNERS LONG SHORT RESEARCH INST: BPIRX P 2014-12-29 2020-02-05
BOSTON PARTNERS LONG SHORT RESEARCH INST: BPIRX P 2014-12-29 2020-03-19
DIAMOND HILL LONG-SHORT I: DHLSX P 2014-12-23 2020-09-17
DIAMOND HILL LONG-SHORT I: DHLSX P 2014-12-23 2020-10-22
DOUBLELINE TOTAL RETURN BOND I: DBLTX P 2014-08-16 2020-10-22
DOUBLELINE TOTAL RETURN BOND I: DBLTX P 2014-08-16 2020-12-22
FIRST EAGLE OVERSEAS FUND CL I: SGOIX P 2013-03-22 2020-02-05
FIRST EAGLE OVERSEAS FUND CL I: SGOIX P 2013-03-22 2020-02-18
FIRST EAGLE OVERSEAS FUND CL I: SGOIX P 2013-03-22 2020-05-05
FIRST EAGLE OVERSEAS I: SGOIX P 2012-12-13 2020-12-22
FPA CRESCENT FUND INST CL SHARES: FPACX P 2015-02-02 2020-04-08
FPA CRESCENT FUND INST CL SHARES: FPACX P 2015-02-02 2020-04-09
GATEWAY Y: GTEYX P 2015-07-16 2020-12-22
HARDING LOEVNER INST EMRG MKTS CL I: HLMEX P 2015-12-22 2020-02-18
HARDING LOEVNER INST EMRG MKTS CL I: HLMEX P 2016-12-23 2020-05-05
HARDING LOEVNER INST EMRG MKTS CL I: HLMEX P 2016-12-23 2020-10-22
ISHARES CORE S&P SMALL CAP ETF: IJR P 2017-04-20 2020-02-18
ISHARES CORE S&P SMALL CAP ETF: IJR P 2018-12-24 2020-02-18
ISHARES CORE S&P SMALL CAP ETF: IJR P 2018-12-24 2020-02-18
ISHARES CORE S&P 500 ETF: IVV P 2014-10-20 2020-04-08
ISHARES CORE S&P 500 ETF: IVV P 2014-10-20 2020-04-08
ISHARES CORE S&P 500 ETF: IVV P 2014-10-20 2020-04-09
ISHARES CORE S&P 500 ETF: IVV P 2014-12-29 2020-04-09
ISHARES CORE S&P 500 ETF: IVV P 2015-01-02 2020-04-09
ISHARES CORE S&P 500 ETF: IVV P 2015-04-01 2020-04-09
ISHARES CORE S&P 500 ETF: IVV P 2015-07-01 2020-04-09
ISHARES CORE S&P 500 ETF: IVV P 2015-10-02 2020-04-09
ISHARES CORE S&P 500 ETF: IVV P 2015-10-29 2020-04-09
ISHARES CORE S&P 500 ETF: IVV P 2015-10-29 2020-10-22
ISHARES GLOBAL INFRASTRUCTURE ETF: IGF P 2018-12-04 2020-02-18
ISHARES GLOBAL INFRASTRUCTURE ETF: IGF P 2018-12-04 2020-02-18
ISHARES GLOBAL INFRASTRUCTURE ETF: IGF P 2018-12-04 2020-02-18
ISHARES GLOBAL INFRASTRUCTURE ETF: IGF P 2018-12-04 2020-02-18
ISHARES GLOBAL INFRASTRUCTURE ETF: IGF P 2018-12-04 2020-02-18
ISHARES GLOBAL INFRASTRUCTURE ETF: IGF P 2018-12-04 2020-04-09
ISHARES GLOBAL INFRASTRUCTURE ETF: IG P 2018-12-04 2020-04-09
ISHARES GLOBAL INFRASTRUCTURE ETF: IG P 2018-12-04 2020-04-09
ISHARES GLOBAL INFRASTRUCTURE ETF: P 2018-12-04 2020-04-21
ISHARES GLOBAL INFRASTRUCTURE ETF: P 2018-12-04 2020-04-21
ISHARES GLOBAL INFRASTRUCTURE ETF: IG P 2018-12-04 2020-04-21
ISHARES GLOBAL INFRASTRUCTURE ETF: IG P 2018-12-04 2020-04-21
ISHARES GLOBAL INFRASTRUCTURE ETF: IG P 2018-12-04 2020-04-21
ISHARES GLOBAL INFRASTRUCTURE ETF: IG P 2018-12-04 2020-04-21
ISHARES GLOBAL INFRASTRUCTURE ETF:IGF P 2018-12-04 2020-04-21
ISHARES GLOBAL INFRASTRUCTURE ETF: IGF P 2018-12-04 2020-04-21
ISHARES GLOBAL INFRASTRUCTURE ETF: IGF P 2018-12-04 2020-04-21
ISHARES RUSSELL 2000 ETF: IWM P 2015-11-17 2020-02-18
ISHARES RUSSELL 2000 ETF: IWM P 2015-11-17 2020-04-08
ISHARES RUSSELL 2000 ETF: IWM P 2015-12-03 2020-04-08
ISHARES RUSSELL 2000 ETF: IWM P 2016-01-04 2020-04-08
ISHARES RUSSELL 2000 ETF: IWM P 2016-01-04 2020-04-08
ISHARES RUSSELL 2000 ETF: IWM P 2016-01-04 2020-04-08
ISHARES RUSSELL 2000 ETF: IWM P 2016-03-31 2020-04-08
ISHARES RUSSELL 2000 ETF: IWM P 2016-03-31 2020-04-08
ISHARES RUSSELL 2000 ETF: IWM P 2016-07-06 2020-04-08
ISHARES RUSSELL 2000 ETF: IWM P 2016-07-06 2020-04-08
ISHARES RUSSELL 2000 ETF: IWM P 2016-07-06 2020-04-09
ISHARES RUSSELL 2000 ETF: IWM P 2016-07-13 2020-04-09
ISHARES RUSSELL 2000 ETF: IWM P 2016-10-03 2020-04-09
ISHARES RUSSELL 2000 ETF: IWM P 2016-12-30 2020-04-09
ISHARES RUSSELL 2000 ETF: IWM P 2017-03-31 2020-04-09
ISHARES RUSSELL 2000 ETF: IWM P 2017-07-13 2020-04-09
ISHARES RUSSELL 2000 ETF: IWM P 2017-10-02 2020-04-09
ISHARES RUSSELL 2000 ETF: IWM P 2017-12-29 2020-04-09
ISHARES RUSSELL 2000 ETF: IWM P 2018-02-23 2020-04-09
ISHARES RUSSELL 2000 ETF: IWM P 2018-02-23 2020-05-05
ISHARES RUSSELL 2000 ETF: IWM P 2018-02-23 2020-05-05
ISHARES RUSSELL 2000 ETF: IWM P 2018-02-23 2020-05-05
ISHARES RUSSELL 2000 ETF: IWM P 2018-02-23 2020-05-05
ISHARES RUSSELL 2000 ETF: IWM P 2018-02-23 2020-05-05
ISHARES RUSSELL 2000 ETF: IWM P 2018-02-23 2020-05-05
SCHWAB FUNDAMENTAL US LARGE CO INDEX: SFLNX P 2015-12-21 2020-02-18
VANGUARD FTSE DEVELOPED MARKETS ETF: VEA P 2014-08-11 2020-04-21
VANGUARD FTSE DEVELOPED MARKETS ETF: VEA P 2014-08-11 2020-04-21
VANGUARD FTSE DEVELOPED MARKETS ETF: VEA P 2014-08-11 2020-04-21
VANGUARD FTSE DEVELOPED MARKETS ETF: VEA P 2014-08-11 2020-04-21
VANGUARD FTSE DEVELOPED MARKETS ETF: VEA P 2014-10-01 2020-04-21
VANGUARD FTSE DEVELOPED MARKETS ETF: VEA P 2014-12-29 2020-04-21
VANGUARD FTSE DEVELOPED MARKETS ETF: VEA P 2014-12-29 2020-04-21
VANGUARD FTSE DEVELOPED MARKETS ETF: VEA P 2014-12-29 2020-04-21
VANGUARD FTSE DEVELOPED MARKETS ETF: VEA P 2014-12-29 2020-04-21
VANGUARD FTSE DEVELOPED MARKETS ETF: VEA P 2014-12-29 2020-04-21
VANGUARD FTSE DEVELOPED MARKETS ETF: VEA P 2014-12-30 2020-04-21
VANGUARD FTSE DEVELOPED MARKETS ETF: VEA P 2015-04-01 2020-04-21
VANGUARD FTSE DEVELOPED MARKETS ETF: VEA P 2015-07-06 2020-04-21
VANGUARD FTSE DEVELOPED MARKETS ETF: VEA P 2015-07-24 2020-04-21
VANGUARD S&P 500 ETF: VOO P 2013-11-26 2020-05-05
WASATCH EMERGING MARKETS SMALL CAP INSTL: WIEMX P 2016-01-06 2020-10-22
WASATCH EMRG MKTS SMALL CAP FD INST: WIEMX P 2014-08-11 2020-02-18
WASATCH INTL GROWTH FD INST: WIIGX P 2015-12-22 2020-02-18
WASATCH INTL GROWTH FD INST: WIIGX P 2019-01-07 2020-04-21
(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 8,187   7,852 335
b 7,766   7,514 252
c 2,219   2,146 73
d 23,390   22,058 1,332
e 7,893   7,587 306
2,255   2,186 69
21,609   19,963 1,646
2,145   2,078 67
8,580   8,248 332
2,120   2,050 70
11,643   13,073 -1,430
22,979   22,047 932
7,109   7,067 42
5,078   5,018 60
7,701   7,311 390
2,200   2,176 24
8,891   8,682 209
62,185   61,010 1,175
7,082   7,007 75
6,815   7,099 -284
7,053   7,145 -92
6,346   6,470 -124
2,144   2,167 -23
8,438   8,663 -225
13,377   12,803 574
6,688   6,708 -20
21,795   20,085 1,710
7,960   7,661 299
2,274   2,210 64
1,764     1,764
18,492   17,879 613
7,998   7,808 190
7,808   7,435 373
7,756   7,477 279
2,216   2,190 26
4,690   7,120 -2,430
26,592   24,991 1,601
32,982   31,935 1,047
11,626   11,781 -155
3,171   3,189 -18
7,368   7,327 41
2,105   1,942 163
2,105   2,000 105
51,967   51,141 826
6,017   5,635 382
7,070   7,801 -731
2,020   2,262 -242
14,034   12,110 1,924
14,422   12,402 2,020
12,810   11,895 915
10,400   10,100 300
14,302   13,037 1,265
24,762   22,237 2,525
12,027   10,869 1,158
12,314   12,102 212
8,498   8,289 209
13,630   12,455 1,175
12,090   11,875 215
11,635   10,829 806
12,657   11,661 996
13,645   12,000 1,645
12,155   11,623 532
3,023     3,023
13,710   13,077 633
14,501   12,445 2,056
13,296   11,793 1,503
9,315   12,219 -2,904
11,638   11,273 365
13,630   11,179 2,451
16,911   15,416 1,495
2,114   1,940 174
12,630   12,032 598
21,611   16,861 4,750
6,111   4,817 1,294
10,695   8,417 2,278
12,034   9,583 2,451
3,009   2,735 274
12,120   12,171 -51
175,960   209,763 -33,803
125,532   160,000 -34,468
85,574   100,000 -14,426
40,000   40,000 0
110,000   131,106 -21,106
251,832   296,967 -45,135
70,000   68,727 1,273
471,654   588,267 -116,613
100,000   101,003 -1,003
537,194   535,897 1,297
75,000   77,245 -2,245
676,366   672,846 3,520
50,000   47,904 2,096
80,000   77,055 2,945
50,000   53,574 -3,574
1,398,122   1,315,980 82,142
125,000   148,079 -23,079
376,847   432,046 -55,199
1,000,000   808,962 191,038
120,000   87,728 32,272
50,000   47,564 2,436
25,000   18,789 6,211
120,838   99,932 20,906
61   48 13
7,407   5,845 1,562
26,968   18,950 8,018
73,084   51,353 21,731
51,544   34,678 16,866
80,273   59,893 20,380
828   611 217
1,152   843 309
1,346   999 347
1,360   920 440
63,477   47,328 16,149
50,133   30,451 19,682
4,978   4,174 804
4,978   4,174 804
12,496   10,476 2,020
22,701   19,033 3,668
29,870   25,041 4,829
1,219   1,377 -158
3,694   4,174 -480
20,095   22,706 -2,611
1,835   2,170 -335
2,364   2,797 -433
3,529   4,174 -645
3,529   4,174 -645
3,529   4,174 -645
3,529   4,174 -645
3,529   4,174 -645
14,114   16,694 -2,580
14,114   16,694 -2,580
149,990   102,726 47,264
67,794   67,039 755
29,565   29,896 -331
472   450 22
4,651   4,431 220
26,319   24,918 1,401
390   372 18
3,074   2,932 142
13,010   12,760 250
34,782   34,116 666
14,390   13,167 1,223
735   708 27
398   395 3
5,549   6,013 -464
919   1,013 -94
1,408   1,599 -191
768   919 -151
1,240   1,531 -291
29,649   36,506 -6,857
2,587   3,060 -473
4,009   4,744 -735
5,562   6,580 -1,018
12,028   14,231 -2,203
12,934   15,302 -2,368
12,934   15,302 -2,368
303,001   237,637 65,364
1,056   1,269 -213
34,073   40,942 -6,869
34,073   40,942 -6,869
34,823   41,843 -7,020
559   647 -88
6,815   7,693 -878
6,815   7,693 -878
11,585   13,077 -1,492
20,444   23,078 -2,634
34,073   38,463 -4,390
658   737 -79
839   983 -144
2,428   2,798 -370
11,838   13,866 -2,028
24,976   15,566 9,410
25,000   18,367 6,633
100,000   87,167 12,833
1,100,000   953,823 146,177
625,286   611,476 13,810
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       335
b       252
c       73
d       1,332
e       306
      69
      1,646
      67
      332
      70
      -1,430
      932
      42
      60
      390
      24
      209
      1,175
      75
      -284
      -92
      -124
      -23
      -225
      574
      -20
      1,710
      299
      64
      1,764
      613
      190
      373
      279
      26
      -2,430
      1,601
      1,047
      -155
      -18
      41
      163
      105
      826
      382
      -731
      -242
      1,924
      2,020
      915
      300
      1,265
      2,525
      1,158
      212
      209
      1,175
      215
      806
      996
      1,645
      532
      3,023
      633
      2,056
      1,503
      -2,904
      365
      2,451
      1,495
      174
      598
      4,750
      1,294
      2,278
      2,451
      274
      -51
      -33,803
      -34,468
      -14,426
      0
      -21,106
      -45,135
      1,273
      -116,613
      -1,003
      1,297
      -2,245
      3,520
      2,096
      2,945
      -3,574
      82,142
      -23,079
      -55,199
      191,038
      32,272
      2,436
      6,211
      20,906
      13
      1,562
      8,018
      21,731
      16,866
      20,380
      217
      309
      347
      440
      16,149
      19,682
      804
      804
      2,020
      3,668
      4,829
      -158
      -480
      -2,611
      -335
      -433
      -645
      -645
      -645
      -645
      -645
      -2,580
      -2,580
      47,264
      755
      -331
      22
      220
      1,401
      18
      142
      250
      666
      1,223
      27
      3
      -464
      -94
      -191
      -151
      -291
      -6,857
      -473
      -735
      -1,018
      -2,203
      -2,368
      -2,368
      65,364
      -213
      -6,869
      -6,869
      -7,020
      -88
      -878
      -878
      -1,492
      -2,634
      -4,390
      -79
      -144
      -370
      -2,028
      9,410
      6,633
      12,833
      146,177
      13,810
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 2 403,603
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 12,042
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 12,042
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 12,042
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 8,297
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 28,297
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 50
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 16,205
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet16,205 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletPETER FORSTER Telephone no.bullet (571) 382-0020

    Located atbullet5291 PARTRIDGE LANE NWWASHINGTONDC ZIP+4bullet20016
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    PETER C FORSTER DIRECTOR
    0.50     		0 0 0
    5291 PARTRIDGE LANE NW
    WASHINGTON,DC20016
    ELIZABETH D FORSTER DIRECTOR
    0.50     		0 0 0
    5291 PARTRIDGE LANE NW
    WASHINGTON,DC20016
    CATHERINE FORSTER-CONNOLLY DIRECTOR
    0.50     		0 0 0
    74 FAIRMONT AVENUE
    NEWTON,MA02458
    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
    NONE
    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
    WEALTHSPIRE ADVISORS INVESTMENT MANAGER 69,290
    1 PRESERVE PKWY STE 610
    ROCKVILLE,MD20852
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    19,924,107
    b
    Average of monthly cash balances.......................
    1b
    605,180
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    20,529,287
    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
    20,529,287
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    307,939
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    20,221,348
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,011,067
    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
    1,011,067
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    12,042
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    12,042
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    999,025
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    999,025
    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
    999,025
    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
    1,785,000
    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
    1,785,000
    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
    1,785,000
    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 7 999,025
    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......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019...... 144,362
    fTotal of lines 3a through e........ 144,362
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,785,000
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		Click to see attachment0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 999,025
    e Remaining amount distributed out of corpus 785,975
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 930,337
    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) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		930,337
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019.... 144,362
    e Excess from 2020.... 785,975
    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).)
    PETER C FORSTER
    ELIZABETH D FORSTER
    CATHERINE FORSTER-CONNOLLY
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    CATHOLIC EXTENSION
    150 SOUTH WACKER DRIVE SUITE 2000
    CHICAGO,IL60606     		N/A 501(C)(3) CHARITABLE 50,000
    NURTURING MINDS
    PO BOX 600617
    NEWTONVILLE,MA02460     		N/A 501(C)(3) CHARITABLE 150,000
    AMERICAN PRECISION MUSEUM
    196 MAIN STREET
    WINDSOR,VT05089     		N/A 501(C)(3) CHARITABLE 25,000
    ORDER OF MALTA
    1730 M STREET NW SUITE 403
    WASHINGTON,DC20036     		N/A 501(C)(3) CHARITABLE 20,000
    FATHER MCKENNA CENTER
    19 EYE STREET NW
    WASHINGTON,DC20001     		N/A 501(C)(3) CHARITABLE 10,000
    ELIZABETH SETON HIGH SCHOOL
    5715 EMERSON ST
    BLADENSBURG,MD20710     		N/A 501(C)(3) CHARITABLE 450,000
    APPLETREE INSTITUTE FOR EDUCATION INNOVATION
    415 MICHIGAN AVENUE NE
    WASHINGTON,DC20017     		N/A 501(C)(3) CHARITABLE 50,000
    COMMUNITY RENEWAL
    PO BOX 4678
    SHREVEPORT,LA71134     		N/A 501(C)(3) CHARITABLE 325,000
    GRAND TETON NATIONAL PARK FOUNDATION
    25 S WILLOW STE 10
    JACKSON,WY83001     		N/A 501(C)(3) CHARITABLE 180,000
    CATHOLIC CHARITIES ARCHDIOCESE OF WASHINGTON
    924 G STREET NW
    WASHINGTON,DC20001     		N/A 501(C)(3) CHARITABLE 200,000
    IONA HOUSE
    4125 ALBEMARLE ST NW
    WASHINGTON,DC20016     		N/A 501(C)(3) CHARITABLE 25,000
    WASHINGTON JESUIT ACADEMY
    900 VARNUM STREET NE
    WASHINGTON,DC20017     		N/A 501(C)(3) CHARITABLE 100,000
    SAMARITAN INNS
    2523 14TH ST NW
    WASHINGTON,DC20009     		N/A 501(C)(3) CHARITABLE 100,000
    COMMUNITY FOUNDATION OF JACKSON HOLE
    245 E SIMPSON AVE
    JACKSON,WY83001     		N/A 501(C)(3) CHARITABLE 50,000
    PRESBYTERIAN CHURCH OF JACKSON HOLE
    1251 S PARK LOOP RD
    JACKSON,WY83001     		N/A 501(C)(3) CHARITABLE 50,000
    Total .................................bullet 3a 1,785,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 63,126  
    4 Dividends and interest from securities....     14 482,276  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 403,603  
    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).. 0 949,005 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    949,005
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    THE FORSTER-CONNOLLY FOUNDATION
    C/O PETER FORSTER
    Employer identification number

    46-5749133
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    THE FORSTER-CONNOLLY FOUNDATION
    C/O PETER FORSTER         		Employer identification number
    46-5749133
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    PETER C FORSTER
     
    5291 PARTRIDGE LANE NW
     
    WASHINGTON, DC20016

    		$ 6,962,387


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    PETER C FORSTER
     
    5291 PARTRIDGE LANE NW
     
    WASHINGTON, DC20016

    		$ 1,117,323


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    THE FORSTER-CONNOLLY FOUNDATION
    C/O PETER FORSTER         		Employer identification number

    46-5749133
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 VARIOUS PUBLICLY TRADED SECURITIES $ 3,025,259 2020-02-12
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 VARIOUS PUBLICLY TRADED SECURITIES $ 3,937,128 2020-12-18
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    THE FORSTER-CONNOLLY FOUNDATION
    C/O PETER FORSTER         		Employer identification number

    46-5749133
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    THE FORSTER-CONNOLLY FOUNDATION
     
    C/O PETER FORSTER
    EIN:
    46-5749133
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREP FEES 7,323 3,662   0

    TY 2020 AppliedToPriorYearElection
    Name:
    THE FORSTER-CONNOLLY FOUNDATION
     
    C/O PETER FORSTER
    EIN:
    46-5749133
    Election:
    THE TAXPAYER IS ELECTING TO CARRYBACK CURRENT YEAR EXCESS QUALIFYING DISTRIBUTIONS TO TAX YEAR 2017 UNDER IRC REG. SEC. 53.4942(A)(3(D)(2).

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE FORSTER-CONNOLLY FOUNDATION
     
    C/O PETER FORSTER
    EIN:
    46-5749133
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PUBLICLY TRADED OTHER INVESTMENTS - (MUTUAL FUNDS, ETFS, ECT.) AT COST 21,389,370 26,166,760

    TY 2020 OtherDecreasesSchedule
    Name:
    THE FORSTER-CONNOLLY FOUNDATION
     
    C/O PETER FORSTER
    EIN:
    46-5749133
    Description Amount
    MISCELLANEOUS PRIOR PERIOD ADJUSTMENT 10,149
    BUILT IN GAIN ON CONTRIBUTION OF SECURITIES 1,280,887


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE FORSTER-CONNOLLY FOUNDATION
     
    C/O PETER FORSTER
    EIN:
    46-5749133
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 74,026 74,026   0


    TY 2020 TaxesSchedule
    Name:
    THE FORSTER-CONNOLLY FOUNDATION
     
    C/O PETER FORSTER
    EIN:
    46-5749133
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 4,998 4,998   0
    2019 FEDERAL EXTENSION PAYMENT - 990-PF 20,000 0   0