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 WALPOLE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 167
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WALPOLE, NH03608
A Employer identification number

61-1471434
B Telephone number (see instructions)

(603) 756-3595
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$11,071,092J 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) 51,739
2 Check bullet.............
3 Interest on savings and temporary cash investments 43,727 43,727 43,727
4 Dividends and interest from securities... 62,409 62,409 62,409
5a Gross rents............ 508,166   508,166
b Net rental income or (loss) 77,395
6a Net gain or (loss) from sale of assets not on line 10 -66,143
b Gross sales price for all assets on line 6a 939,547
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
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........ 599,898 106,136 614,302
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 47,000 0 47,000 0
14 Other employee salaries and wages...... 44,513 0 44,513 0
15 Pension plans, employee benefits....... 10,950 0 10,950 0
16a Legal fees (attach schedule)......... Click to see attachment 4,750 1,583 3,167 0
b Accounting fees (attach schedule)....... Click to see attachment 10,745 7,777 2,968 0
c Other professional fees (attach schedule).... Click to see attachment 48,088 46,955 1,133 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 130,744 907 129,837 0
19 Depreciation (attach schedule) and depletion... Click to see attachment 153,898 0 153,898
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 157,432 0 157,432 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 608,120 57,222 550,898 0
25 Contributions, gifts, grants paid....... 1,787 1,787
26 Total expenses and disbursements. Add lines 24 and 25 609,907 57,222 550,898 1,787
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -10,009
b Net investment income (if negative, enter -0-) 48,914
c Adjusted net income (if negative, enter -0-)... 63,404
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............. 6,759 28,977 28,977
2 Savings and temporary cash investments......... 336,558 412,179 412,179
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) 99,069 0 0
b Investments—corporate stock (attach schedule)....... 1,826,640 Click to see attachment1,738,380 2,693,837
c Investments—corporate bonds (attach schedule)....... 1,242,977 Click to see attachment1,573,943 1,633,306
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,138,626 Click to see attachment1,019,090 1,223,330
14 Land, buildings, and equipment: basis bullet6,468,757
Less: accumulated depreciation (attach schedule) bullet1,334,739 5,245,765 Click to see attachment5,134,018 5,079,416
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment47 Click to see attachment47
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,896,394 9,906,634 11,071,092
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)......   20,100
22 Other liabilities (describe bullet) Click to see attachment25,015 Click to see attachment25,164
23 Total liabilities (add lines 17 through 22)......... 25,015 45,264
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 9,871,379 9,861,370
29 Total net assets or fund balances (see instructions)..... 9,871,379 9,861,370
30 Total liabilities and net assets/fund balances (see instructions). 9,896,394 9,906,634
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
9,871,379
2
Enter amount from Part I, line 27a .....................
2
-10,009
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
9,861,370
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
9,861,370
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 16.078 - ARTISAN INTL VALUE I   2020-05-22 2020-07-28
b 38.733 - BLACKROCK HIGH YIELD BOND K   2019-08-20 2020-07-28
c 66.112 - BRIDGE BUILDER LARGE GROWTH   2019-08-20 2020-07-28
d 87.697 - BRIDGE BUILDER LARGE VALUE   2019-08-20 2020-07-28
e 109.793 - BRIDGE BUILDER SM/MID GROWTH   2019-08-20 2020-07-28
188.815 - BRIDGE BUILDER INTL EQUITY   2019-08-20 2020-05-22
125.434 - BRIDGE BUILDER INTL EQUITY   2019-08-20 2020-07-28
550.794 - BRIDGE BUILDER CORE PLUS BOND   2019-08-20 2020-04-02
16.117 - AMERICAN CAPITAL WORLD BD F   2019-08-20 2020-04-02
195.474 AMERICAN CAPITAL WORLD BD F   2019-08-20 2020-05-22
41.000 - ISHARES CORE US AGGREG BOND   2019-08-20 2020-04-22
55.000 - ISHARES RUS MID CAP ETF   2019-08-20 2020-05-22
10.000 - ISHARES RUS MID CAP ETF   2019-08-20 2020-07-28
12.000 - ISHARES RUSS 1000 EFT   2019-08-20 2020-07-28
8.000 - ISHARES RUSS 2000 VALUE ETF   2019-08-20 2020-07-28
46.000 - ISHARES MSCI EAFE SM CAP ETF   2019-08-20 2020-05-22
3.000 - ISHARES MSCI EAFE SM CAP ETF   2019-08-20 2020-07-28
11.000 - ISHARES MSCI EAFE SM CAP ETF   2020-04-02 2020-09-24
34.000 - ISHARES CORE MSCI EAFE ETF   2019-08-20 2020-05-22
19.000 - ISHARES CORE MSCI EAFE ETF   2019-08-20 2020-07-28
2.000 - VANGUARD VALUE ETF   2019-08-20 2020-07-28
29.000 - ISHARES MSCI EAFE SMALL CAP ETF   2019-08-20 2020-09-24
145 - COPART INC   2018-11-30 2020-01-13
100,000 - US TREASURY NT 2%   2018-10-23 2020-01-31
732 - QUALCOMM INC   2018-10-29 2020-02-10
230 - CANTEL MEDICAL CORP   2019-10-16 2020-03-19
1685 - GOLDMAN SACHS - INTEREQY ETF   2019-06-27 2020-03-24
105 - UNITEDHEALTH GROUP INC   2018-10-19 2020-03-09
835 - LIVE NATION ENTERTMENT   2018-12-21 2020-03-11
425 - CARTERS INC   2018-12-21 2020-03-19
510 - JP MORGAN CHASE & CO   2018-12-21 2020-03-19
6750 - GOLDMAN SACHS - INTEREQY ETF   2018-12-21 2020-03-24
1140 - WISDMTREE EMRG MKTS ETF   2018-12-21 2020-04-08
2400 - KAR AUCTION SERVICES   2018-12-21 2020-05-18
110,000 - GENERAL DYNAMIC 2.875%   2018-11-05 2020-05-11
1778.461 - MATTHEWS PACIFIC TIGER FD INSTL   2018-12-20 2020-05-11
1000 - KAR AUCTION SERVICES   2018-12-21 2020-05-18
1155 - IAA INC.   2018-12-21 2020-06-19
120 - APPLE INC   2018-10-17 2020-08-28
375 - AMDOCS LIMITED   2018-11-28 2020-11-06
35 - WISDOMTREE US QLT DIV   2018-11-30 2020-11-06
1110 - DANONE   2018-12-21 2020-12-08
240 - WISDOMTREE US QLT DIV   2018-11-30 2020-12-11
10,000 - AMGEN INC 3.875%   2018-09-24 2020-12-16
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 532   461 71
b 289   283 6
c 1,181   994 187
d 1,071   1,067 4
e 1,681   1,491 190
1,916   2,034 -118
1,449   1,352 97
5,547   5,734 -187
314   330 -16
3,929   4,000 -71
4,717   4,661 56
2,775   3,022 -247
563   549 14
2,157   1,945 212
795   920 -125
2,318   2,520 -202
169   164 5
631   476 155
1,813   1,988 -175
1,138   1,111 27
207   217 -10
1,662   1,589 73
13,927   7,482 6,445
100,000   100,000 0
63,979   42,857 21,122
5,801   16,073 -10,272
36,058   48,047 -11,989
27,689   27,006 683
34,575   44,091 -9,516
31,086   38,314 -7,228
43,408   53,354 -9,946
144,447   179,841 -35,394
38,851   48,616 -9,765
29,635   58,766 -29,131
110,000   109,991 9
43,596   48,131 -4,535
12,348   21,413 -9,065
47,143   38,766 8,377
60,214   26,425 33,789
21,652   23,528 -1,876
1,786   1,474 312
13,930   16,119 -2,189
12,760   10,106 2,654
8,546   8,382 164
1,262     1,262
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       71
b       6
c       187
d       4
e       190
      -118
      97
      -187
      -16
      -71
      56
      -247
      14
      212
      -125
      -202
      5
      155
      -175
      27
      -10
      73
      6,445
      0
      21,122
      -10,272
      -11,989
      683
      -9,516
      -7,228
      -9,946
      -35,394
      -9,765
      -29,131
      9
      -4,535
      -9,065
      8,377
      33,789
      -1,876
      312
      -2,189
      2,654
      164
      1,262
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 -66,143
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 -51,519
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................................ 1 680
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........................... 3 680
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- ..... 5 680
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 3,215
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,215
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,535
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet2,535 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
     
    No
    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)
    bulletNH
    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
    Yes
     
    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 ofbulletALBERTA WIEMERS Telephone no.bullet (603) 756-3595

    Located atbulletPO BOX 167WALPOLENH ZIP+4bullet03608
    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
    RAYNIE LAWARE FOUNDATION MANAGER
    40.00     		47,000 0 0
    16 OLD NORTH MAIN STREET
    WALPOLE,NH03608
    PEGGY PSCHIRRER PRESIDENT
    1.00     		0 0 0
    11 OLD NORTH MAIN ST
    WALPOLE,NH03608
    MARK HOUGHTON VICE PRESIDENT/TREASURER
    1.00     		0 0 0
    13 BLACKJACK CROSSING
    WALPOLE,NH03608
    CHARLES SHAW DIRECTOR
    1.00     		0 0 0
    127 OLD KEENE ROAD
    WALPOLE,NH03608
    THOMAS MURRAY DIRECTOR
    1.00     		0 0 0
    28 COLONIAL DRIVE
    WALPOLE,NH03608
    JAMES SUOZZI DIRECTOR
    1.00     		0 0 0
    644 COUNTY ROAD
    WALPOLE,NH03608
    ANNETTE GRENIER DIRECTOR
    1.00     		0 0 0
    221 MEETINGHOUSE ROAD
    WALPOLE,NH03608
    PATTI NEAL DIRECTOR
    1.00     		0 0 0
    70 HIGH STREET
    WALPOLE,NH03608
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 PURCHASE, REHABILITATION, OPERATION AND MANAGEMENT OF HISTORICAL BUILDINGS IN WALPOLE, NH 430,771
    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 PROPERTY IMPROVEMENTS - NINETEEN ELM 42,150
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet42,150
    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
    4,866,300
    b
    Average of monthly cash balances.......................
    1b
    617,001
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,483,301
    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
    5,483,301
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    82,250
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,401,051
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    270,053
    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
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    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
     
    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
    1,787
    b
    Program-related investments—total from Part IX-B..................
    1b
    42,150
    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
    43,937
    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
    43,937
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    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$  
    a Applied to 2019, but not more than line 2a  
    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.....  
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		 
    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 ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
    2005-04-13
    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
    63,404 43,004 0 0 106,408
    b 85% of line 2a ......... 53,893 36,553 0 0 90,447
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		43,937 17,563 616,316 3,427 681,243
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		43,937 17,563 616,316 3,427 681,243
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 11,071,092 10,397,928 8,857,065 3,627,696 33,953,781
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 5,079,416 5,055,256 4,471,357 2,694,882 17,300,911
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		180,035 163,408 53,825 30,135 427,403
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    TOWN OF WALPOLE
    34 ELM STREET
    WALPOLE,NH03608     		NONE GOV PARK MAINTENANCE PROVIDED TO TOWN OF WALPOLE 1,787
    Total .................................bullet 3a 1,787
    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 43,727  
    4 Dividends and interest from securities....     14 62,409  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....         77,395
    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 -66,143  
    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 39,993 77,395
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    117,388
    (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.)
    5B RENTAL OF BUILDINGS PURCHASED AND REHABILITATED BY THE FOUNDATION KEEPS THE BUILDINGS IN USE, IN FURTHERANCE OF THE FOUNDATION'S PURPOSE OF PURCHASING AND REHABILITATING IMPORTANT STRUCTURES IN THE TOWN OF WALPOLE.
    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 WALPOLE FOUNDATION
     
    Employer identification number

    61-1471434
    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 WALPOLE FOUNDATION
          		Employer identification number
    61-1471434
    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
    JOHN COOPER HUBBARD REVOCABLE TRUST
     
    C/O MCLANE MIDDLETON 900 ELM ST
     
    MANCHESTER, NH03101

    		$ 51,739


    (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.)
    (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 WALPOLE FOUNDATION
          		Employer identification number

    61-1471434
    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
     
    		$    
    (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
     
    		$    
    (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 WALPOLE FOUNDATION
          		Employer identification number

    61-1471434
    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 WALPOLE FOUNDATION
    EIN:
    61-1471434
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX RETURN PREPARATION 7,777 7,777 0 0
    ACCOUNTING 2,968 0 2,968 0

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

    TY 2020 DepreciationSchedule
    Name:
    THE WALPOLE FOUNDATION
    EIN:
    61-1471434
    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
    1834 WASHINGTON SQ - BUILDING 2008-08-01 1,930,657 563,108 SL 39.000000000000 49,504 49,504 49,504  
    1834 WASHINGTON SQ - LAND 2008-08-01 84,600   L   0 0 0  
    MAIN ST VARIETY - BUILDING 2011-09-01 423,127 89,956 SL 39.000000000000 10,849 10,849 10,849  
    MAIN ST VARIETY - LAND 2011-09-01 216,400   L   0 0 0  
    MAIN ST VARIETY - PAVING 2011-09-01 21,533 21,533 150DB 15.000000000000 0 0 0  
    MAIN ST VARIETY - GAS PUMPS 2011-09-01 15,896 15,896 200DB 5.000000000000 0 0 0  
    MAIN ST VARIETY - CANOPY 2011-09-01 27,437 27,437 200DB 5.000000000000 0 0 0  
    MAIN ST VARIETY - COLD STORAGE 2011-09-01 14,801 14,801 200DB 5.000000000000 0 0 0  
    MAIN ST VARIETY - COLD STORAGE 2011-09-01 12,503 12,503 200DB 5.000000000000 0 0 0  
    MAIN ST VARIETY - UNDERGROUND PIPING 2012-10-01 84,852 65,189 150DB 15.000000000000 2,537 2,537 2,537  
    NINETEEN ELM ST - BUILDING 2014-03-07 166,428 35,303 SL 27.500000000000 6,052 6,052 6,052  
    NINETEEN ELM ST - LAND 2014-03-07 46,720   L   0 0 0  
    NINETEEN ELM ST - WINDOWS 2014-08-01 13,490 2,659 SL 27.500000000000 491 491 491  
    NINETEEN ELM ST - PORCH ROOF 2014-04-22 7,950 1,638 SL 27.500000000000 289 289 289  
    NINETEEN ELM ST - GARAGE DOORS 2014-05-27 2,443 497 SL 27.500000000000 89 89 89  
    NINETEEN ELM ST - SIDING 2015-06-05 26,798 4,464 SL 27.500000000000 974 974 974  
    NINETEEN ELM ST - REFRIG #1, STOVE #4 2015-01-16 989 973 SL 5.000000000000 16 16 16  
    NINETEEN ELM ST - CARPET & VINYL #4 2015-04-27 2,668 2,492 SL 5.000000000000 176 176 176  
    NINETEEN ELM ST - REFRIG, BLINDS, HANDLES #4 2015-05-18 511 468 SL 5.000000000000 43 43 43  
    NINETEEN ELM ST - DOORS 2016-02-18 3,365 468 SL 27.500000000000 122 122 122  
    MAIN ST VARIETY - TANKS 2016-04-18 20,631 6,344 150DB 15.000000000000 1,429 1,375 1,375  
    NINETEEN ELM ST - BARN RESTORATION 2016-09-09 2,859 347 SL 27.500000000000 104 104 104  
    TOYOTA TACOMA SR5 2016-12-16 4,200 2,520 SL 5.000000000000 840 840 840  
    2014 CUB CADET RIDING MOWER 2016-12-16 1,000 600 SL 5.000000000000 200 200 200  
    11 WESTMINSTER -BUILDING 2015-09-05 826,404 90,940 SL 39.000000000000 21,190 21,190 21,190  
    11 WESTMINSTER - LAND 2015-09-05 113,596   L   0 0 0  
    11 WESTMINSTER - PAVING 2017-11-06 14,700 2,942 150DB 15.000000000000 1,176 1,176 1,176  
    NINETEEN ELM -SURVEYING 2017-06-07 3,413   L   0 0 0  
    NINETEEN ELM - PORCH 2017-08-07 4,300 377 SL 27.500000000000 156 156 156  
    11 WESTMINSTER - BUILDNG IMPROVEMENTS 2018-08-15 34,900 1,231 SL 39.000000000000 895 895 895  
    OLA HUBBARD HOMESTEAD 2015-09-05 327,796 51,156 SL 27.500000000000 11,920 11,920 11,920  
    OLA HUBBARD - LAND 2015-09-05 69,204   L   0 0 0  
    OLD FIREHOUSE - BUILDING 2015-09-05 306,363 33,712 SL 39.000000000000 7,857 7,857 7,857  
    FOUNTAIN SQUARE - BUILDING 2015-09-05 286,314 31,506 SL 39.000000000000 7,341 7,341 7,341  
    FOUNTAIN SQUARE - LAND 2015-09-05 63,686   L   0 0 0  
    FOUNTAIN SQUARE - BOILER 2017-03-07 5,313 386 SL 39.000000000000 136 136 136  
    OLA HUBBARD - INSULATION 2016-06-06 12,350 1,590 SL 27.500000000000 449 449 449  
    OLA HUBBARD - ROOF 2017-11-28 6,400 495 SL 27.500000000000 233 233 233  
    OLD FIREHOUSE - LAND 2015-09-05 63,637   L   0 0 0  
    OLD FIREHOUSE - NEW ROOF 2016-06-02 18,800 1,707 SL 39.000000000000 482 482 482  
    OLD FIREHOUSE - SURVEILLANCE CAMERAS 2017-03-08 4,993 2,020 SL 7.000000000000 713 713 713  
    OLD FIREHOUSE - CARPET 2017-10-23 3,039 1,501 200DB 7.000000000000 439 434 434  
    RED BRICK HOUSE 2015-09-05 174,720 19,227 SL 39.000000000000 4,480 4,480 4,480  
    RED BRICK HOUSE - LAND 2015-09-05 50,280   L   0 0 0  
    RED BRICK HOUSE - HANDICAP RAMP 2017-08-07 2,600 190 SL 27.500000000000 95 95 95  
    WALPOLE VILLAGE STORE 2015-09-05 302,403 33,277 SL 39.000000000000 7,754 7,754 7,754  
    WALPOLE VILLAGE STORE - LAND 2015-09-05 22,597   L   0 0 0  
    WALPOLE VILLAGE STORE - TAVERN RENOVATION 2018-08-15 541,416 19,088 SL 39.000000000000 13,882 13,882 13,882  
    MAIN ST VARIETY - EQUIPMENT 2011-09-01 20,000 20,000 200DB 5.000000000000 0 0 0  
    NEW WATER HEATERS (2) 2019-11-26 8,000 26 SL 39.000000000000 205 205 205  
    NEW DOOR - SIDE ENTRANCE 2019-02-13 3,675 82 SL 39.000000000000 94 94 94  
    PAVING 2019-06-11 3,850 193 150DB 15.000000000000 366 257 257  
    NINETEEN ELM - APT 1 & 2 IMPROVEMENTS 2020-10-15 42,150   SL 27.500000000000 319 319 319  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE WALPOLE FOUNDATION
    EIN:
    61-1471434
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CHARLES SCHWAB 1,573,943 1,633,306

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE WALPOLE FOUNDATION
    EIN:
    61-1471434
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CHARLES SCHWAB 1,738,380 2,693,837

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE WALPOLE FOUNDATION
    EIN:
    61-1471434
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CHARLES SCHWAB - OTHER PUBLICLY TRADED SECURITIES AT COST 784,879 973,513
    EDWARD JONES - OTHER PUBLICLY TRADED SECURITIES AT COST 234,211 249,817

    TY 2020 LandEtcSchedule2
    Name:
    THE WALPOLE FOUNDATION
    EIN:
    61-1471434
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    1834 WASHINGTON SQ - BUILDING 1,930,657 612,612 1,318,045  
    1834 WASHINGTON SQ - LAND 84,600 0 84,600  
    MAIN ST VARIETY - BUILDING 423,127 100,805 322,322  
    MAIN ST VARIETY - LAND 216,400 0 216,400  
    MAIN ST VARIETY - PAVING 21,533 21,533 0  
    MAIN ST VARIETY - GAS PUMPS 15,896 15,896 0  
    MAIN ST VARIETY - CANOPY 27,437 27,437 0  
    MAIN ST VARIETY - COLD STORAGE 14,801 14,801 0  
    MAIN ST VARIETY - COLD STORAGE 12,503 12,503 0  
    MAIN ST VARIETY - UNDERGROUND PIPING 84,852 67,726 17,126  
    NINETEEN ELM ST - BUILDING 166,428 41,355 125,073  
    NINETEEN ELM ST - LAND 46,720 0 46,720  
    NINETEEN ELM ST - WINDOWS 13,490 3,150 10,340  
    NINETEEN ELM ST - PORCH ROOF 7,950 1,927 6,023  
    NINETEEN ELM ST - GARAGE DOORS 2,443 586 1,857  
    NINETEEN ELM ST - SIDING 26,798 5,438 21,360  
    NINETEEN ELM ST - REFRIG #1, STOVE #4 989 989 0  
    NINETEEN ELM ST - CARPET & VINYL #4 2,668 2,668 0  
    NINETEEN ELM ST - REFRIG, BLINDS, HANDLES #4 511 511 0  
    NINETEEN ELM ST - DOORS 3,365 590 2,775  
    MAIN ST VARIETY - TANKS 20,631 7,773 12,858  
    NINETEEN ELM ST - BARN RESTORATION 2,859 451 2,408  
    TOYOTA TACOMA SR5 4,200 3,360 840  
    2014 CUB CADET RIDING MOWER 1,000 800 200  
    11 WESTMINSTER -BUILDING 826,404 112,130 714,274  
    11 WESTMINSTER - LAND 113,596 0 113,596  
    11 WESTMINSTER - PAVING 14,700 4,118 10,582  
    NINETEEN ELM -SURVEYING 3,413 0 3,413  
    NINETEEN ELM - PORCH 4,300 533 3,767  
    11 WESTMINSTER - BUILDNG IMPROVEMENTS 34,900 2,126 32,774  
    OLA HUBBARD HOMESTEAD 327,796 63,076 264,720  
    OLA HUBBARD - LAND 69,204 0 69,204  
    OLD FIREHOUSE - BUILDING 306,363 41,569 264,794  
    FOUNTAIN SQUARE - BUILDING 286,314 38,847 247,467  
    FOUNTAIN SQUARE - LAND 63,686 0 63,686  
    FOUNTAIN SQUARE - BOILER 5,313 522 4,791  
    OLA HUBBARD - INSULATION 12,350 2,039 10,311  
    OLA HUBBARD - ROOF 6,400 728 5,672  
    OLD FIREHOUSE - LAND 63,637 0 63,637  
    OLD FIREHOUSE - NEW ROOF 18,800 2,189 16,611  
    OLD FIREHOUSE - SURVEILLANCE CAMERAS 4,993 2,733 2,260  
    OLD FIREHOUSE - CARPET 3,039 1,940 1,099  
    RED BRICK HOUSE 174,720 23,707 151,013  
    RED BRICK HOUSE - LAND 50,280 0 50,280  
    RED BRICK HOUSE - HANDICAP RAMP 2,600 285 2,315  
    WALPOLE VILLAGE STORE 302,403 41,031 261,372  
    WALPOLE VILLAGE STORE - LAND 22,597 0 22,597  
    WALPOLE VILLAGE STORE - TAVERN RENOVATION 541,416 32,970 508,446  
    MAIN ST VARIETY - EQUIPMENT 20,000 20,000 0  
    NEW WATER HEATERS (2) 8,000 231 7,769  
    NEW DOOR - SIDE ENTRANCE 3,675 176 3,499  
    PAVING 3,850 559 3,291  
    NINETEEN ELM - APT 1 & 2 IMPROVEMENTS 42,150 319 41,831  


    TY 2020 LegalFeesSchedule
    Name:
    THE WALPOLE FOUNDATION
    EIN:
    61-1471434
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,583 1,583 0 0
    LEGAL FEES 3,167 0 3,167 0


    TY 2020 OtherAssetsSchedule
    Name:
    THE WALPOLE FOUNDATION
    EIN:
    61-1471434
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    MISCELLANEOUS 0 47 47


    TY 2020 OtherExpensesSchedule
    Name:
    THE WALPOLE FOUNDATION
    EIN:
    61-1471434
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 6,352 0 6,352 0
    WORKER COMP & D&O INSURANCE 3,550 0 3,550 0
    FUEL OIL 19,753 0 19,753 0
    WATER & SEWER 14,749 0 14,749 0
    ELECTRIC & GAS 6,940 0 6,940 0
    TELEPHONE 2,099 0 2,099 0
    REPAIRS & MAINTENANCE 58,322 0 58,322 0
    SNOW REMOVAL 14,251 0 14,251 0
    TRASH REMOVAL 7,116 0 7,116 0
    INSURANCE 22,896 0 22,896 0
    AUTOMOBILE EXPENSE 1,404 0 1,404 0


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE WALPOLE FOUNDATION
    EIN:
    61-1471434
    Description Beginning of Year - Book Value End of Year - Book Value
    SECURITY DEPOSITS 25,015 25,079
    PAYROLL LIABILITIES 0 85


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE WALPOLE FOUNDATION
    EIN:
    61-1471434
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNT MANAGEMENT FEES/INVESTMENT EXP 45,955 45,955 0 0
    FIDUCIARY FEES 1,000 1,000 0 0
    OTHER FILING FEES 1,133 0 1,133 0


    TY 2020 TaxesSchedule
    Name:
    THE WALPOLE FOUNDATION
    EIN:
    61-1471434
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD ON DIVIDENDS 907 907 0 0
    PAYROLL TAXES 6,628 0 6,628 0
    PROPERTY TAXES 123,209 0 123,209 0