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 Carroll and Milton Petrie
Foundation Inc c/o Brandman at Stroock
% ETTA BRANDMAN AT STOOCK
Number and street (or P.O. box number if mail is not delivered to street address)180 Maiden Lane
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
New York, NY10038
A Employer identification number

20-1451752
B Telephone number (see instructions)

(212) 806-6027
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$109,993,163J 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) 1,531,883
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,371,865 1,371,865  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 14,098,853
b Gross sales price for all assets on line 6a 65,882,244
7 Capital gain net income (from Part IV, line 2)... 14,098,853
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 2,455 -10,603  
12 Total. Add lines 1 through 11........ 17,005,056 15,460,115  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 260,000     260,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 25,193 23,429   1,764
16a Legal fees (attach schedule)......... Click to see attachment 108,100 100,533 0 7,567
b Accounting fees (attach schedule)....... Click to see attachment 27,560 25,631 0 1,929
c Other professional fees (attach schedule).... Click to see attachment 267,800 267,800    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 190,779 11,948   899
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 37,729 35,088   2,641
21 Travel, conferences, and meetings....... 1,118 1,040   78
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 41,115 38,238   2,877
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 959,394 503,707 0 277,755
25 Contributions, gifts, grants paid....... 7,336,037 7,336,037
26 Total expenses and disbursements. Add lines 24 and 25 8,295,431 503,707 0 7,613,792
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 8,709,625
b Net investment income (if negative, enter -0-) 14,956,408
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............. 877 5,119 5,119
2 Savings and temporary cash investments......... 7,894,576 14,305,251 14,305,251
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) 2,290,133 Click to see attachment3,956,556 3,956,556
b Investments—corporate stock (attach schedule)....... 83,048,477 Click to see attachment82,997,448 82,997,448
c Investments—corporate bonds (attach schedule)....... 5,911,297 Click to see attachment7,623,573 7,623,573
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,127,945 Click to see attachment1,105,216 1,105,216
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 100,273,305 109,993,163 109,993,163
Liabilities 17 Accounts payable and accrued expenses.......... 6,205 6,205
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 6,205 6,205
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........... 100,267,100 109,986,958
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 100,267,100 109,986,958
30 Total liabilities and net assets/fund balances (see instructions). 100,273,305 109,993,163
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
100,267,100
2
Enter amount from Part I, line 27a .....................
2
8,709,625
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,010,233
4
Add lines 1, 2, and 3 ..........................
4
109,986,958
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
109,986,958
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 FIDUCIARY TRUST INTERNATIONAL - INFO AVAILABLE UPON REQUEST P    
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 65,882,244   51,783,391 14,098,853
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       14,098,853
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 14,098,853
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................................ 1 207,894
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 207,894
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 207,894
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 177,828
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 177,828
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 30,066
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
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)
    bulletNY
    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 addressbulletpetrie.org
    14
    The books are in care ofbulletETTA BRANDMAN AT STOOCK Telephone no.bullet (212) 806-6027

    Located atbullet180 MAIDEN LANENew YorkNY ZIP+4bullet10038
    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
    David Tanner CO Stroock DIRECTOR
    1.0     		0 0 0
    180 Maiden Lane
    New York,NY10038
    jean l troubh CO STROOcK Director/Vice-President
    1.0     		0 0 0
    180 Maiden Lane
    new York,NY10038
    Regina Peruggi CO STROOcK DIRECTOR
    1.0     		0 0 0
    180 Maiden Lane
    new York,NY10038
    etta brandman CO STROOcK Director/President
    1.0     		0 0 0
    180 Maiden Lane
    new York,NY10038
    Gail Gordon CO STROOcK director
    1.0     		0 0 0
    180 Maiden Lane
    new York,NY10038
    Cass Conrad co carroll petrie executive director
    35.0     		260,000 25,193 0
    180 Maiden Lane
    New York,NY10038
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Fiduciary Trust Company International investment mgmt 267,800
    280 Park Avenue
    NEW YORK,NY10017
    Stroock & Stroock & Lavan LLP legal services 108,100
    180 Maiden Lane
    NEW YORK,NY10038
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    85,195,616
    b
    Average of monthly cash balances.......................
    1b
    12,286,405
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    97,482,021
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    97,482,021
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,462,230
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    96,019,791
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,800,990
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    4,800,990
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    207,894
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    207,894
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,593,096
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    4,593,096
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    4,593,096
    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
    7,613,792
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    7,613,792
    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
    7,613,792
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 4,593,096
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:2018, 2017, 2016 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 2,398,404
    b From 2016...... 2,552,472
    c From 2017...... 2,985,556
    d From 2018...... 2,002,439
    e From 2019...... 2,711,993
    fTotal of lines 3a through e........ 12,650,864
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 7,613,792
    a Applied to 2019, but not more than line 2a 0
    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..... 4,593,096
    e Remaining amount distributed out of corpus 3,020,696
    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 15,671,560
    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......     		 
    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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		2,398,404
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		13,273,156
    10 Analysis of line 9:
    a Excess from 2016.... 2,552,472
    b Excess from 2017.... 2,985,556
    c Excess from 2018.... 2,002,439
    d Excess from 2019.... 2,711,993
    e Excess from 2020.... 3,020,696
    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
    Baruch College
    5 Lexington Avenue
    New York,NY10010     		none PC educational 160,000
    Borough of Manhattan Community College
    199 Chambers St
    New York,NY10007     		NOne PC educational 35,000
    Bottom Line
    44 Court St 300
    Brooklyn,NY11201     		none PC educational 200,000
    Bronx Community College
    2155 University Avenue
    New York,NY10453     		NOne PC educational 120,000
    BMCC Foundation
    199 CHAMBERS ST
    New York,NY10007     		none PC educational 100,000
    brooklyn college foundation
    2900 bedford avenue
    brooklyn,NY11210     		none PC educational 280,000
    City Parks Foundation
    830 Fifth Avenue
    New York,NY10065     		none PC educational 75,000
    College Of Staten Island
    2800 Victory Blvd
    Staten Island,NY10314     		NOne PC educational 120,000
    Cooper Union
    30 Cooper Sq
    New York,NY10003     		NOne PC educational 75,000
    CUNY Graduate School of Public Health
    55 W 125th St Fl 7
    New York,NY10027     		none PC educational 111,174
    CUNY School of Professional Studies Foundation Inc
    119 West 31st Street
    New York,NY10001     		none PC educational 100,000
    Good Shepherd Services
    337 E 17th St
    new york,NY10003     		none PC educational 225,000
    Graduate Center Foundation
    365 Fifth Avenue
    new York,NY10016     		none PC educational 50,000
    Hostos Community college
    500 Grand Concourse
    Bronx,NY10451     		none PC educational 194,667
    Hunter College
    695 Park Ave
    new York,NY10065     		none PC educational 20,000
    International Network For Public Schools
    50 Broadway
    New York,NY10004     		NOne PC educational 200,000
    Jobsfirstnyc
    11 Park Place Suite 1602
    New York,NY10007     		none PC educational 250,000
    John Jay College Of Criminal Justice
    524 West 59th Street
    New York,NY10019     		none PC educational 130,000
    Kingsborough Community College
    2001 Oriental Blvd
    brooklyn,NY11235     		NOne PC educational 95,000
    Knowledge House
    363 Rider Ave
    Bronx,NY10451     		none PC educational 125,000
    LaGuardia Community College Foundation
    31-10 Thomson Ave
    Long island City,NY11101     		none PC educational 25,000
    Lehman College
    250 Bedford Park boulevard West
    Bronx,NY10468     		NOne PC educational 205,000
    Medgar Evers College
    1650 Bedford Ave
    Brooklyn,NY11225     		none PC educational 120,000
    New Visions for Public Schools
    320 W 13th St
    New York,NY10014     		NOne PC educational 400,000
    New York City College Of Technology
    300 Jay Street
    BROOklyn,NY11201     		none PC educational 100,000
    new york city outward bound
    29-46 Northern Blvd
    New York,NY11101     		NOne PC educational 100,000
    New York Community Trust
    909 3rd Ave
    New York,NY10022     		none PC educational 100,000
    New York Immigration Coalition
    131 West 33rd Street Suite 610
    New York,NY10001     		none PC educational 25,000
    Pursuit Transformation Company
    4710 Austell Pl 2nd Floor
    Long island City,NY11101     		none PC educational 145,000
    Queens College
    65-30 Kissena Blvd
    Flushing,NY11367     		NOne PC educational 20,000
    Queens Community House
    108-25 62nd Dr
    Queens,NY11375     		none PC educational 120,000
    Queensborough Community College
    222-05 56th Ave
    New York,NY11364     		none PC educational 120,000
    Research Foundation For CUNY
    30 West 41st St
    New York,NY10036     		none PC educational 1,039,920
    Streetwise Partners Inc
    222 Broadway Floor 19
    New York,NY10038     		none PC educational 80,000
    The New School
    66 West 66 12th Street
    new york,NY10011     		NOne PC educational 100,000
    the urban assembly
    90 broad street
    New York,NY10004     		none PC educational 200,000
    York College Foundation
    94-20 GUY R Brewer Blvd
    Jamaica,NY11451     		none PC educational 215,740
    BRAVEN INC
    100 N LA SALLE ST NO 310
    CHICAGO,IL60602     		none PC educational 125,000
    PHILANTHROPY NEW YORK
    320 EAST 43RD STREET
    NEW YORK,NY10017     		none PC educational 5,600
    Pratt Institute
    200 Willoughby Ave
    Brooklyn,NY11205     		none PC educational 25,000
    St Francis College
    180 Remsen Street
    Brooklyn,NY11201     		none PC educational 25,000
    Stella And Charles Gutman Community College FDN
    50 WEST 40TH STREET
    NEW YORK,NY10018     		NONE PC educational 25,000
    THE EDUCATION TRUST
    1250 H STREET NW NO 700
    WASHINGTON,DC20005     		NONE PC educational 65,655
    City University Of New York
    217 E 42 Street
    NEW YORK,NY10017     		NONE PC EDUCATIONAL 1,000,000
    CUNY School Of Law Foundation
    2 COURT SQUARE
    LONG ISLAND CITY,NY11101     		NONE PC EDUCATIONAL 45,000
    Ithaka Harbors Inc
    101 Greenwich Street 18th Floor
    New York,NY10006     		None PC EDUCATIONAL 143,281
    Community Funds Inc
    909 3rd Avenue Floor 22
    New York,NY10022     		NONE PC EDUCATIONAL 95,000
    Total .................................bullet 3a 7,336,037
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 1,371,865  
    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 14,098,853  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMISCELLANEOUS     		    14 2,445  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   15,473,163  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    15,473,163
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    The Carroll and Milton Petrie
    Foundation Inc c/o Brandman at Stroock
    Employer identification number

    20-1451752
    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 Carroll and Milton Petrie
    Foundation Inc c/o Brandman at Stroock         		Employer identification number
    20-1451752
    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
    Trust UWO Milton Petrie Art 22A1
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 269,999


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Trust UWO Milton Petrie Art 22A2
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 44,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    Trust UWO Milton Petrie Art 22A3
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 75,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    Trust UWO Milton Petrie Art 22A4
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 36,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    Trust UWO Milton Petrie Art 22A5
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 277,584


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    Trust UWO Milton Petrie Art 22A6
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 123,500


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    The Carroll and Milton Petrie
    Foundation Inc c/o Brandman at Stroock         		Employer identification number
    20-1451752
    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
    7
    Trust UWO Milton Petrie Art 22A7
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 15,600


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    Trust UWO Milton Petrie Art 22A8
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 219,999


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    Trust UWO Milton Petrie Art 22A9
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 50,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
    Petrie Marital Trust
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 23,200


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
    Bernard Apple CRAT
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 393,501


    (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 Carroll and Milton Petrie
    Foundation Inc c/o Brandman at Stroock         		Employer identification number

    20-1451752
    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 Carroll and Milton Petrie
    Foundation Inc c/o Brandman at Stroock         		Employer identification number

    20-1451752
    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 Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 27,560 25,631   1,929

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

    TY 2020 DepreciationSchedule
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    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

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ISHARES CMBS ETF 226,853 226,853
    FANNIE MAE POOL MTG PL #MA3834 252,065 252,065
    FANNIE MAE POOL MTG PL #MA4182 457,377 457,377
    FANNIE MAE POOL MTG PL #MA4183 465,219 465,219
    FANNIE MAE POOL MTG PL #MA4208 492,355 492,355
    FANNIE MAE POOL MTG PL #MA4210 468,530 468,530
    FRANKLIN STRATEGIC MORTGAGE 656,344 656,344
    ISHARES INTERMEDIATE-TERM CORP 970,103 970,103
    GILEAD SCIENCES SENIOR NOTE 72,991 72,991
    WELLS FARGO & CO SR SUB NT 74,154 74,154
    AFLAC INC SENIOR BOND 75,525 75,525
    BOEING CO/THE SENIOR NOTE 102,051 102,051
    BOSTON PROPERTIES LP NOTE 75,983 75,983
    GOLDMAN SACHS GROUP INC NOTE 103,570 103,570
    PHILIP MORRIS INTERNATIONAL 107,784 107,784
    UNILEVER CAPITAL CORP NOTE 106,599 106,599
    AMERICAN HONDA FINANCE CORP NT 105,987 105,987
    CELGENE CORP SR BOND 77,469 77,469
    PEACEHEALTH OBLIGATED GROUP NT 137,801 137,801
    BANK OF AMERICA CORP DTD 81,568 81,568
    BERKSHIRE HATHAWAY INC NOTE 78,353 78,353
    AMERICAN EXPRESS CO SENIOR NT 112,097 112,097
    BUNGE LTD FINANCE CORP SR NT 77,833 77,833
    MORGAN STANLEY SUBORDINATED BD 82,607 82,607
    SIMON PROPERTY GROUP LP BOND 77,830 77,830
    JOHN DEERE CAPITAL CORP NOTE 44,461 44,461
    CATERPILLAR FINANCIAL SRVCS NT 404,352 404,352
    JPMORGAN CHASE & CO SUB BOND 83,085 83,085
    CVS HEALTH CORP SENIOR BOND 23,820 23,820
    KIMBERLY-CLARK CORP BOND 65,983 65,983
    KROGER CO/THE SENIOR BOND 86,044 86,044
    WALT DISNEY CO/THE SR NT 130,679 130,679
    SHERWIN-WILLIAMS CO/THE SR BD 141,134 141,134
    SUTTER HEALTH CALLABLE 130,640 130,640
    TYSON FOODS INC SR NT 91,691 91,691
    COMCAST CORP SENIOR NOTE 79,087 79,087
    ISHARES JP MORGAN USD 295,571 295,571
    FRANKLIN LIBERTY HIGH YIELD 263,538 263,538
    ISHARES IBOXX HIGH YIELD 244,440 244,440

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CHEVRON CORP 373,691 373,691
    AIR PRODUCTS & CHEMICALS INC 453,545 453,545
    ECOLAB INC 1,338,187 1,338,187
    FORTIVE CORP 283,280 283,280
    HONEYWELL INTERNATIONAL INC 1,594,187 1,594,187
    NORFOLK SOUTHERN CORP 1,013,407 1,013,407
    ROPER TECHNOLOGIES INC 730,698 730,698
    STANLEY BLACK & DECKER INC 178,560 178,560
    AMAZON.COM INC 2,003,012 2,003,012
    HOME DEPOT INC 941,623 941,623
    MCDONALD'S CORP 640,521 640,521
    NIKE INC CL B 1,916,211 1,916,211
    COSTCO WHOLESALE CORP 1,706,813 1,706,813
    PEPSICO INC 889,800 889,800
    PROCTER & GAMBLE CO 834,840 834,840
    ABBOTT LABORATORIES 1,733,774 1,733,774
    ASTRAZENECA PLC SPONS ADR 654,369 654,369
    CVS HEALTH CORP 409,800 409,800
    DANAHER CORP 1,641,615 1,641,615
    IQVIA HOLDINGS INC 799,098 799,098
    MERCK & CO INC 680,167 680,167
    REGENERON PHARMACEUTICALS INC 144,933 144,933
    STRYKER CORP 470,477 470,477
    UNITEDHEALTH GROUP INC 1,367,651 1,367,651
    VERTEX PHARMACEUTICALS INC 330,876 330,876
    AMERICAN EXPRESS CO 379,053 379,053
    ARES MANAGEMENT CORP CL A 475,205 475,205
    BLACKROCK INC 1,572,956 1,572,956
    CHARLES SCHWAB CORP 503,880 503,880
    JP MORGAN CHASE & CO 1,640,474 1,640,474
    MORGAN STANLEY 1,007,391 1,007,391
    ADOBE INC 1,495,359 1,495,359
    APPLE INC 2,065,983 2,065,983
    INTEL CORP 480,265 480,265
    LAM RESEARCH CORP 330,589 330,589
    MASTERCARD INC CL A 535,410 535,410
    MICROCHIP TECHNOLOGY INC 763,058 763,058
    MICROSOFT CORP 2,305,287 2,305,287
    NVIDIA CORP 1,047,011 1,047,011
    SALESFORCE.COM INC 623,084 623,084
    SERVICENOW INC 850,414 850,414
    TEXAS INSTRUMENTS INC 277,380 277,380
    VONTIER CORP 53,440 53,440
    ALPHABET INC CLASS C 1,305,151 1,305,151
    COMCAST CORP CL A 289,772 289,772
    ELECTRONIC ARTS INC 215,400 215,400
    FACEBOOK INC CL A 792,164 792,164
    VERIZON COMMUNICATIONS INC 411,250 411,250
    WALT DISNEY CO 1,703,092 1,703,092
    NEXTERA ENERGY INC 1,604,720 1,604,720
    DODGE & COX STOCK FUND 7,057,100 7,057,100
    ISHARES CORE S&P MID-CAP ETF 6,751,256 6,751,256
    ARTISAN SMALL CAP FUND 2,924,827 2,924,827
    FRANKLIN SMALL CAP VALUE FUND 2,109,378 2,109,378
    HARDING LOEVNER INTL EQUITY 6,069,902 6,069,902
    IVA INTERNATIONAL FUND CL 1 4,900,789 4,900,789
    MATTHEWS JAPAN FUND 123,152 123,152
    T ROWE PRICE INTER. FUNDS 3,195,396 3,195,396
    INVESCO DEVELOPING MARKETS 4,006,725 4,006,725

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    US Government Securities - End of Year Book Value:

    3,956,556
    US Government Securities - End of Year Fair Market Value:

    3,956,556
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CNOOC NEXEN FINANCE 2014 ULC FMV 76,076 76,076
    TRANS-CANADA PIPELINES SR NOTE FMV 83,304 83,304
    CARL MARKS STRATEGIC OPP FD II FMV 945,836 945,836

    TY 2020 LegalFeesSchedule
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 108,100 100,533   7,567


    TY 2020 OtherExpensesSchedule
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 26,244 24,407   1,837
    INSURANCE 4,990 4,641   349
    ADVERTISING 1,864 1,734   130
    OTHER FEES 8,017 7,456   561


    TY 2020 OtherIncomeSchedule2
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    tax refunds 13,058    
    partnership income -10,603 -10,603  


    TY 2020 OtherIncreasesSchedule
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 1,010,233


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 267,800 267,800    


    TY 2020 TaxesSchedule
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 12,847 11,948   899
    FEDERAL EXCISE TAXES 177,932