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 07-01-2020 , and ending 06-30-2021
Name of foundation
GILROY AND LILLIAN P ROBERTS
CHARITABLE FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)1900 JOHN F KENNEDY BLVD NO 1001
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PHILADELPHIA, PA19103
A Employer identification number

23-2219044
B Telephone number (see instructions)

(215) 881-8800
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$13,789,992J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 67 67  
4 Dividends and interest from securities... 347,486 347,486  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -68,158
b Gross sales price for all assets on line 6a 1,732,802
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 279,395 347,553  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 55,500 0   55,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 12,560 0   12,560
16a Legal fees (attach schedule)......... Click to see attachment 5,000 0   5,000
b Accounting fees (attach schedule)....... Click to see attachment 17,250 8,625   8,625
c Other professional fees (attach schedule).... Click to see attachment 42,262 42,262   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 28,349 0   1,684
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 1,500 0   1,500
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 539 0   539
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 162,960 50,887   85,408
25 Contributions, gifts, grants paid....... 527,800 527,800
26 Total expenses and disbursements. Add lines 24 and 25 690,760 50,887   613,208
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -411,365
b Net investment income (if negative, enter -0-) 296,666
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,190,688 1,139,495 1,139,495
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)....... 7,124,269 Click to see attachment7,207,276 11,624,095
c Investments—corporate bonds (attach schedule)....... 1,340,521 Click to see attachment891,792 1,016,937
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment9,465 Click to see attachment9,465
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,655,478 9,248,028 13,789,992
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) Click to see attachment1,219 Click to see attachment5,134
23 Total liabilities (add lines 17 through 22)......... 1,219 5,134
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 9,654,259 9,242,894
29 Total net assets or fund balances (see instructions)..... 9,654,259 9,242,894
30 Total liabilities and net assets/fund balances (see instructions). 9,655,478 9,248,028
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
9,654,259
2
Enter amount from Part I, line 27a .....................
2
-411,365
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
9,242,894
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
9,242,894
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 ALTRIA GROUP INC P 2015-07-13 2020-11-12
b AT&T INC. P 2010-11-23 2021-05-26
c CONSOLIDATED EDISON INC COM P 2010-11-23 2021-05-12
d CONSOLIDATED EDISON INC COM P 2012-04-20 2021-05-12
e CONSOLIDATED EDISON INC COM P 2012-04-20 2021-05-12
DUPONT DE NEMOURS INC (WAS DOWDUPONT INC.) P 2017-09-05 2020-08-21
GENUINE PARTS CO COM P 2010-09-15 2021-06-22
GLAXOSMITHKLINE PLC SPONSORED ADR P 2019-01-31 2021-05-20
MICROSOFT CORP COM P 2011-06-22 2021-02-04
ROYAL DUTCH SHELL PLC P 2018-02-01 2020-10-26
UNITED PARCEL SERVICE P 2012-04-20 2021-03-12
VIATRIS INC (STOCK SPIN-OFF FROM PFIZER INC) P 2020-11-18 2020-12-04
ORGANON & CO CORP P 2021-06-06 2021-06-22
AT&T INC. P 2021-02-11 2021-05-26
AES CORP VA BOND P 2015-04-10 2020-12-10
DAVITA INC P 2016-11-02 2020-07-15
PA TURNPIKE CAP P 2012-10-04 2020-12-01
TRANSOCEAN INC P 2015-06-02 2020-11-15
VERIZON COMMUNICATION P 2013-09-10 2021-05-28
(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 77,342   102,668 -25,326
b 134,388   142,980 -8,592
c 162,058   107,089 54,969
d 5,835   4,250 1,585
e 7,994   5,822 2,172
57   46 11
110,115   75,059 35,056
276,540   267,778 8,762
95,852   9,682 86,170
149,283   447,564 -298,281
107,904   76,099 31,805
18,513   13,647 4,866
12,237   6,632 5,605
97,058   93,242 3,816
102,750   99,500 3,250
101,708   98,062 3,646
70,000   69,167 833
100,000   96,899 3,101
103,168   84,774 18,394
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       -25,326
b       -8,592
c       54,969
d       1,585
e       2,172
      11
      35,056
      8,762
      86,170
      -298,281
      31,805
      4,866
      5,605
      3,816
      3,250
      3,646
      833
      3,101
      18,394
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 -68,158
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 4,124
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 4,124
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 4,124
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 17,200
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 17,200
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 13,076
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet6,000 RefundedBullet 11 7,076
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)
    bulletPA
    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 addressbulletTHROUGH ASSOCIATION OF SMALL FOUNDATIONS
    14
    The books are in care ofbulletEISNER ADVISORY GROUP LLC Telephone no.bullet (215) 881-8800

    Located atbullet130 NORTH 18TH STREET SUITE 3000PHILADELPHIAPA ZIP+4bullet19103
    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
    AUDREY MERVES TRUSTEE
    0.50     		0 0 0
    1900 JOHN F KENNEDY BLVD SUITE 1001
    PHILADELPHIA,PA19103
    JENNIFER M ROBBINS TRUSTEE
    5.00     		19,500 0 0
    1900 JOHN F KENNEDY BLVD SUITE 1001
    PHILADELPHIA,PA19103
    STANLEY MERVES TRUSTEE
    10.00     		36,000 0 0
    1900 JOHN F KENNEDY BLVD SUITE 1001
    PHILADELPHIA,PA19103
    JOHN T ROBERTS TRUSTEE
    0.50     		0 0 0
    1900 JOHN F KENNEDY BLVD SUITE 1001
    PHILADELPHIA,PA19103
    JOSEPH M FISHER TRUSTEE
    0.50     		0 0 0
    1900 JOHN F KENNEDY BLVD SUITE 1001
    PHILADELPHIA,PA19103
    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  
    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
    11,718,082
    b
    Average of monthly cash balances.......................
    1b
    1,302,221
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,020,303
    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
    13,020,303
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    195,305
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,824,998
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    641,250
    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
    641,250
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    4,124
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,124
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    637,126
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    637,126
    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
    637,126
    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
    613,208
    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
    613,208
    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
    613,208
    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 7 637,126
    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...... 53,956
    b From 2016...... 34,599
    c From 2017...... 32,660
    d From 2018...... 25,569
    e From 2019...... 4,320
    fTotal of lines 3a through e........ 151,104
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 613,208
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 613,208
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 23,918 23,918
    (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 5 127,186
    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) ...     		30,038
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		97,148
    10 Analysis of line 9:
    a Excess from 2016.... 34,599
    b Excess from 2017.... 32,660
    c Excess from 2018.... 25,569
    d Excess from 2019.... 4,320
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AMERICAN FRIENDS OF MAGEN DAVID ADOM
    57 MARSHALL DRIVE
    EDISON,NJ08817     		NONE PC RELIGIOUS 15,000
    ARTHRITIS FOUNDATION
    111 S INDEPENDENCE MALL E
    PHILADELPHIA,PA19106     		NONE PC SCIENTIFIC 200
    JUDICIAL WATCH
    425 3RD ST SW
    WASHINGTON,DC20515     		NONE PC EDUCATIONAL 400
    THE HERITAGE FOUNDATION
    214 MASSACHUSETTS AVE NE
    WASHINGTON,DC20002     		NONE PC EDUCATIONAL 100
    PHILADELPHIA ZOO
    3400 W GIRARD AVE
    PHILADELPHIA,PA19104     		NONE PC CHARITABLE 1,000
    SETTLEMENT MUSIC SCHOOL
    PO BOX 63966
    PHILADELPHIA,PA19144     		NONE PC EDUCATIONAL 30,000
    AMERICAN DIABETES ASSOCIATION
    2451 CRYSTAL DR 900
    ARLINGTON,VA22202     		NONE PC SCIENTIFIC 100
    MERION FIRE CO
    35 GREENFIELD AVE
    ARDMORE,PA19003     		NONE PC CHARITABLE 500
    TEMPLE BETH ZION BETH ISRAEL
    300 S 18TH ST
    PHILADELPHIA,PA19103     		NONE PC RELIGIOUS 2,000
    LEUKEMIA AND LYMPHOMA SOCIETY
    61 BROADWAY
    NEW YORK,NY10006     		NONE PC SCIENTIFIC 250
    PHILABUNDANCE
    3616 S GALLOWAY ST
    PHILADELPHIA,PA19148     		NONE PC CHARITABLE 500
    NATIONAL TRUST FOR HISTORIC PRESERVATION
    2600 VIRGINIA AVE NW 1100
    WASHINGTON,DC20037     		NONE PC CHARITABLE 50
    NARBERTH AMBULANCE
    101 SIBLEY AVE
    ARDMORE,PA19003     		NONE PC CHARITABLE 500
    LOWER MERION TOWNSHIP POLICE PENSION ASSOCIATION
    71 LANCASTER AVE
    ARDMORE,PA19003     		NONE PC CHARITABLE 500
    UNITED SYNAGOGUE OF CONSERVATIVE JUDAISM
    3080 BROADWAY SUITE B208
    NEW YORK,NY10027     		NONE PC RELIGIOUS 100
    LIBRARY COMPANY OF PHILADELPHIA
    1314 LOCUST ST
    PHILADELPHIA,PA19107     		NONE PC EDUCATIONAL 500
    NATIONAL LEGAL & POLICY CENTER
    107 PARK WASHINGTON CT
    FALLS CHURCH,VA22046     		NONE PC EDUCATIONAL 100
    FREE LIBRARY OF PHILADELPHIA
    7810 FRANKFORD AVE
    PHILADELPHIA,PA19136     		NONE PC EDUCATIONAL 1,500
    READING ALOUD
    1901 VINE ST
    PHILADELPHIA,PA19103     		NONE PC EDUCATIONAL 100
    CHABAD AT TEMPLE UNIVERSITY
    1428 N BROAD ST
    PHILADELPHIA,PA19121     		NONE PC RELIGIOUS 1,000
    LAW ENFORCEMENT LEGAL DEFENSE FUND
    2560 HUNTINGTON AVE 100
    ALEXANDRIA,VA22303     		NONE PC CHARITABLE 100
    SALVATION ARMY
    701 NORTH BROAD ST
    PHILADELPHIA,PA19123     		NONE PC CHARITABLE 3,500
    VETERANS OF FOREIGN WARS
    406 W 34TH ST
    KANSAS CITY,MO64111     		NONE PC CHARITABLE 100
    AMERICAN KIDNEY FUND
    900 WALT WHITMAN RD 304
    MELVILLE,NY11747     		NONE PC CHARITABLE 100
    EPILEPSY FOUNDATION
    919 WALNUT ST UNIT 700
    PHILADELPHIA,PA19107     		NONE PC SCIENTIFIC 100
    CENTER FOR INDIVIDUAL RIGHTS
    1100 CONNECTICUT AVE NW 625
    WASHINGTON,DC20036     		NONE PC CHARITABLE 100
    TEMPLE ADATH ISRAEL
    250 N HIGHLAND AVE
    MERION STATION,PA19066     		NONE PC RELIGIOUS 100
    CONGREGATION SHA'ARAY SHALOM
    1112 MAIN ST
    HINGHAM,MA02043     		NONE PC RELIGIOUS 1,000
    HINGHAM POLICE ASSOCIATION INC
    212 CENTRAL ST
    HINGHAM,MA02043     		NONE PC CHARITABLE 500
    HINGHAM FIREFIGHTERS LOCAL 2398
    339 MAIN ST
    HINGHAM,MA02043     		NONE PC CHARITABLE 500
    UNIVERSITY OF PENNSYLVANIA
    2929 WALNUT STSUITE 300
    PHILADELPHIA,PA19104     		NONE PC EDUCATIONAL 1,000
    SOUTHEASTERN LEGAL FOUNDATION
    560 W CROSSVILLE RD STE 104
    ROSWELL,GA30075     		NONE PC CHARITABLE 100
    BRYN MAWR HOSPITAL FOUNDATION
    240 N RADNOR CHESTER ROAD
    BRYN MAWR,PA19087     		NONE PC CHARITABLE 25,000
    FRANKLIN INSTITUTE
    222 N 20TH ST
    PHILADELPHIA,PA19103     		NONE PC EDUCATIONAL 5,000
    COMPETITIVE ENTERPRISE INSTITUTE
    1310 L STREET NW 7TH FLOOR
    WASHINGTON,DC20005     		NONE PC CHARITABLE 100
    ACADEMY OF NATURAL SCIENCES OF DREXEL UNIVERSITY
    1900 BENJAMIN FRANKLIN PKWY
    PHILADELPHIA,PA19103     		NONE PC EDUCATIONAL 1,500
    INSTITUTE FOR ENERGY RESEARCH
    1155 15TH ST NW SUITE 900
    WASHINGTON,DC20005     		NONE PC CHARITABLE 100
    COLONIAL WILLIAMSBURG FOUNDATION
    PO BOX 1776
    WILLIAMSBURG,VA23185     		NONE PC EDUCATIONAL 100
    FRIENDS SELECT SCHOOL
    17TH 1651 BENJAMIN FRANKLIN PKWY
    PHILADELPHIA,PA19103     		NONE PC EDUCATIONAL 500
    STATE POLICY NETWORK
    1655 NORTH FORT MYER DRIVE SUITE
    360
    ARLINGTON,VA22209     		NONE PC EDUCATIONAL 100
    EDCHOICE
    111 MONUMENT CIR 2650
    INDIANAPOLIS,IN46204     		NONE PC EDUCATIONAL 500
    ABRAMSON SENIOR CARE
    5 SENTRY PARKWAY EAST SUITE 100
    BLUE BELL,PA19422     		NONE PC CHARITABLE 5,000
    LOWER MERION TOWNSHIP SCHOLARSHIP FUND
    301 EAST MONTHOMERY AVE
    ARDMORE,PA19003     		NONE PC EDUCATIONAL 2,000
    COMMUNITY COLLEGE OF PHILADELPHIA
    1700 SPRING GARDEN ST
    PHILADELPHIA,PA19130     		NONE PC EDUCATIONAL 50,000
    BRIGHT FOCUS FOUNDATION
    22512 GATEWAY CENTER DRIVE
    CLARKSBURG,MD20871     		NONE PC EDUCATIONAL 100
    MONTGOMERY THEATER
    124 N MAIN ST
    SOUDERTON,PA18964     		NONE PC CHARITABLE 1,000
    JEWISH FAMILY AND CHILDREN'S SERVICES
    2100 ARCH ST
    PHILADELPHIA,PA19103     		NONE PC RELIGIOUS 12,500
    PHILADELPHIA JEWISH SPORTS HALL OF FAME
    50 SOUTH 16TH ST SUITE 3530
    PHILADELPHIA,PA19102     		NONE PC CHARITABLE 1,200
    TEMPLE UNIVERSITY HILLEL
    1441 W NORRIS ST
    PHILADELPHIA,PA19121     		NONE PC RELIGIOUS 1,000
    ELDERNET
    9 S BRYN MAWR AVE
    BRYN MAWR,PA19010     		NONE PC CHARITABLE 1,000
    UNION LEAGUE LEGACY FOUNDATION
    140 S BROAD ST
    PHILADELPHIA,PA19102     		NONE PC CHARITABLE 1,000
    KAISERMAN JEWISH COMMUNITY CENTER
    45 HAVERFORD RD
    WYNNEWOOD,PA19096     		NONE PC RELIGIOUS 1,000
    JEWISH FEDERATION OF GREATER PHILADELPHIA
    2100 ARCH ST
    PHILADELPHIA,PA19103     		NONE PC RELIGIOUS 1,000
    CAMERA
    PO BOX 35040
    BOSTON,MA02135     		NONE PC CHARITABLE 250
    FEMALE HEBREW BENEVOLENT SOCIETY
    PO BOX 36806
    PHILADELPHIA,PA19107     		NONE PC RELIGIOUS 7,500
    HARRITON ASSOCIATION
    500 HARRITON RD
    BRYN MAWR,PA19010     		NONE PC CHARITABLE 26,000
    UNITED WAY OF GREATER PHILADELPHIA
    PO BOX 787897
    PHILADELPHIA,PA19178     		NONE PC CHARITABLE 15,000
    JEWISH LEARNING VENTURE
    261 OLD YORK RD 720
    JENKINTOWN,PA19046     		NONE PC RELIGIOUS 3,500
    TEMPLE UNIVERSITY (ATHLETICS)
    1801 N BROAD ST
    PHILADELPHIA,PA19122     		NONE PC CHARITABLE 150,000
    TEMPLE UNIVERSITY (FOX SCHOOL OF BUSINESS)
    1801 N BROAD ST
    PHILADELPHIA,PA19122     		NONE PC EDUCATIONAL 150,000
    GREATER MIAMI JEWISH FEDERATIONSURFSIDE BUILDING COLLAPSE CAMPAIGN
    4200 BISCAYNE BLVD
    MIAMI,FL33137     		NONE PC CHARITABLE 1,000
    THOMAS JEFFERSON UNIVERSITY HOSPITAL
    125 S 9TH ST SUITE 600
    PHILADELPHIA,PA19107     		NONE PC SCIENTIFIC 2,500
    MOVING PICTURE INSTITUTE
    375 GREENWICH ST
    NEW YORK,NY10013     		NONE PC CHARITABLE 250
    MANNA
    420 N 20TH ST
    PHILADELPHIA,PA19130     		NONE PC CHARITABLE 500
    Total .................................bullet 3a 527,800
    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 67  
    4 Dividends and interest from securities....     14 347,486  
    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 -68,158  
    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).. 0 279,395 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    279,395
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    GILROY AND LILLIAN P ROBERTS
     
    CHARITABLE FOUNDATION
    EIN:
    23-2219044
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 17,250 8,625   8,625

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    GILROY AND LILLIAN P ROBERTS
     
    CHARITABLE FOUNDATION
    EIN:
    23-2219044
    Name of Bond End of Year Book Value End of Year Fair Market Value
    100000 UNITS APPLE INC 2.40% 88,456 103,747
    100000 UNITS BERKSHIRE HATHAWAY 98,363 104,206
    100000 UNITS CF INDUSTRIES 86,769 123,876
    100000 UNITS COMCAST CORP 4.2% 99,624 118,235
    100000 UNITS KINDER MORGAN ENER PART 97,202 103,875
    100000 UNITS MGM RESORTS INTL 5.75% 6/15/25 100,000 110,125
    100000 UNITS NEW HAMPSHIRE ST BAB 3.75% 99,125 108,250
    100000 UNITS NORTHROP GRUMMAN CORP 3.25% 97,417 105,829
    4062.97 UNITS NORTHWEST AIR 6.264% 4,291 4,046
    25000 UNITS SOUTHWESTERN ENERGY CO. 7.5% 22,002 26,437
    100000 UNITS VALERO ENERGY CORP 98,543 108,311

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    GILROY AND LILLIAN P ROBERTS
     
    CHARITABLE FOUNDATION
    EIN:
    23-2219044
    Name of Stock End of Year Book Value End of Year Fair Market Value
    815 SHARES AIR PRODS & CHEMS INC 64,890 234,459
    4100 SHARES AMERICAN ELEC PWR INC COM 271,015 346,819
    725 SHARES AMERICAN TOWER CORPORATION 180,536 195,851
    1050 SHARES APPLE INC 65,832 575,232
    200 SHARES AUTOMATIC DATA PROCESSING INC COM 45,538 79,448
    300 SHARES BLACKROCK INC 148,971 262,491
    1000 SHARES BOEING COMPANY 139,758 239,560
    4000 SHARES CVS HEALTH CORPORATION 287,040 333,760
    5535 SHARES CHEVRON CORP 536,444 579,736
    8000 SHARES CISCO SYSTEMS INC 335,378 424,000
    1000 SHARES COCA COLA CO COM 46,422 54,110
    6752 SHARES DOW INC 251,450 427,266
    4260 SHARES GENUINE PARTS CO 144,563 423,042
    3430 GILEAD SCIENCES INC 231,441 236,190
    1830 SHARES HOME DEPOT INC COM 403,948 583,569
    3780 SHARES INTEL CORP COM 202,511 212,209
    6000 SHARES ISHARES SILVER TRUST 100,560 145,320
    1700 SHARES JOHNSON & JOHNSON COM 120,366 280,058
    1000 SHARES JOHNSON CONTROLS INTL(JCI) 40,597 68,630
    3000 SHARES JPMORGAN CHASE & CO. 126,490 466,620
    400 SHARES LOCKHEED MARTIN CORP COM 153,834 151,340
    1100 SHARES MCDONALDS CORP 188,597 254,089
    4000 SHARES MERCK & CO. INC. 134,272 311,080
    3025 SHARES MICROSOFT CORP COM 73,219 819,473
    4000 SHARES PEPSICO INC 364,290 592,680
    8700 SHARES PFIZER INC COM 247,442 340,692
    3560 SHARES PHILIP MORRIS INTERNATIONAL 284,065 352,832
    915 QUALCOMM IN 121,810 130,781
    5800 SHARES ROYAL DUTCH SHELL PLC 334,026 234,320
    5000 SHARES SPDR GOLD TRUST ETF 457,215 828,150
    1535 SHARES TEXAS INSTS INC COM 277,378 295,181
    2000 SHARES TRUIST FINANCIAL CORP 103,250 111,000
    1345 SHARES UNITED PARCEL SERVICE 119,985 279,720
    2130 SHARES UNILEVER PLC SPON PLC ADR-B 121,100 124,605
    1325 SHARESV F CORPORATION 106,496 108,703
    9300 SHARES VERIZON COMMUNICATIONS INC. 376,547 521,079

    TY 2020 LegalFeesSchedule
    Name:
    GILROY AND LILLIAN P ROBERTS
     
    CHARITABLE FOUNDATION
    EIN:
    23-2219044
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 5,000 0   5,000


    TY 2020 OtherAssetsSchedule
    Name:
    GILROY AND LILLIAN P ROBERTS
     
    CHARITABLE FOUNDATION
    EIN:
    23-2219044
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DUE FROM INTERNAL REVENUE SERVICE 0 9,465 9,465


    TY 2020 OtherExpensesSchedule
    Name:
    GILROY AND LILLIAN P ROBERTS
     
    CHARITABLE FOUNDATION
    EIN:
    23-2219044
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES AND SUBSCRIPTIONS 539 0   539


    TY 2020 OtherLiabilitiesSchedule
    Name:
    GILROY AND LILLIAN P ROBERTS
     
    CHARITABLE FOUNDATION
    EIN:
    23-2219044
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL LIABILITIES 1,219 1,218
    OPEN CALLS 0 3,916


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    GILROY AND LILLIAN P ROBERTS
     
    CHARITABLE FOUNDATION
    EIN:
    23-2219044
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 42,262 42,262   0


    TY 2020 TaxesSchedule
    Name:
    GILROY AND LILLIAN P ROBERTS
     
    CHARITABLE FOUNDATION
    EIN:
    23-2219044
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 26,665 0   0
    PAYROLL TAXES 1,684 0   1,684