Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE ATLANTIC FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)14 FAIRGROUNDS ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HAMILTON, NJ08619
A Employer identification number

22-6054882
B Telephone number (see instructions)

(609) 689-1040
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$73,114,168J 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) 1,129,377
2 Check bullet.............
3 Interest on savings and temporary cash investments 285,084 285,084  
4 Dividends and interest from securities... 815,186 815,186  
5a Gross rents............ 1,160    
b Net rental income or (loss) 1,160
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 2,772,280
b Gross sales price for all assets on line 6a 16,638,151
7 Capital gain net income (from Part IV, line 2)... 2,772,280
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........ 5,003,087 3,872,550  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 53,109 26,555   26,554
14 Other employee salaries and wages...... 980,368 392,147   588,221
15 Pension plans, employee benefits....... 269,847 107,939   161,908
16a Legal fees (attach schedule)......... Click to see attachment 86,997 34,379   52,618
b Accounting fees (attach schedule)....... Click to see attachment 30,140 18,084   12,056
c Other professional fees (attach schedule).... Click to see attachment 31,321 29,753   1,568
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 30,517 30,517    
19 Depreciation (attach schedule) and depletion... Click to see attachment 293,335 146,507  
20 Occupancy.............. 269,197 107,678   161,518
21 Travel, conferences, and meetings....... 7,129 2,852   4,278
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 127,331 64,844   62,487
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,179,291 961,255   1,071,208
25 Contributions, gifts, grants paid....... 14,159,168 14,159,168
26 Total expenses and disbursements. Add lines 24 and 25 16,338,459 961,255   15,230,376
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -11,335,372
b Net investment income (if negative, enter -0-) 2,911,295
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............. 1,344,634 1,717,832 1,717,832
2 Savings and temporary cash investments......... 28,329,580 7,855,878 7,855,878
3 Accounts receivable bullet222,040
Less: allowance for doubtful accounts bullet   171,023 222,040 222,040
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)....... 38,608,841 Click to see attachment43,667,954 43,667,954
c Investments—corporate bonds (attach schedule)....... 5,623,037 Click to see attachment11,549,751 11,549,751
11 Investments—land, buildings, and equipment: basis bullet6,097,069
Less: accumulated depreciation (attach schedule) bullet3,753,055 2,490,518 Click to see attachment2,344,014 2,344,014
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,355,317 Click to see attachment3,387,140 3,387,140
14 Land, buildings, and equipment: basis bullet6,156,039
Less: accumulated depreciation (attach schedule) bullet3,806,731 2,496,141 Click to see attachment2,349,308 2,349,308
15 Other assets (describe bullet) Click to see attachment4,648 Click to see attachment20,251 Click to see attachment20,251
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 82,423,739 73,114,168 73,114,168
Liabilities 17 Accounts payable and accrued expenses.......... 301,111 489,015
18 Grants payable.................    
19 Deferred revenue................. 1,000,000 1,000,000
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 attachment42,586 Click to see attachment5,257
23 Total liabilities (add lines 17 through 22)......... 1,343,697 1,494,272
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........... 81,080,042 71,619,896
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)..... 81,080,042 71,619,896
30 Total liabilities and net assets/fund balances (see instructions). 82,423,739 73,114,168
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
81,080,042
2
Enter amount from Part I, line 27a .....................
2
-11,335,372
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,875,226
4
Add lines 1, 2, and 3 ..........................
4
71,619,896
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
71,619,896
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 VANGUARD EMERGING MARKETS INDEX P   2020-08-14
b VANGUARD ENERGY FUND P   2020-08-14
c VANGUARD EUROPEAN STOCK FUND P   2020-08-14
d VANGUARD INST INDEX P   2020-08-14
e VANGUARD INTEMEDIATE TERM BOND P   2020-08-14
VANGUARD PACIFIC STOCK INDEX P   2020-08-14
VANGUARD VALUE INDEX P   2020-08-14
VANGUARD INTERMEDIATE TERM BOND P   2020-12-28
VANGUARD LONG TERM BOND FUND P   2020-12-28
VANGUARD SHORT TERM BOND FUND P   2020-11-03
VANGUARD INTERNATIONAL STOCK FUND P   2020-12-28
VANGUARD TOTAL BOND FUND P   2020-12-28
VANGUARD TOTAL STOCK MARKET INDEX P   2020-12-28
VANGUARD EMERGING MARKETS INDEX P   2020-08-14
VANGUARD ENERGY INDEX P   2020-08-14
VANGUARD EUROPEAN STOCK FUND P   2020-08-14
VANGUARD INSTITUTIONAL INDEX P   2020-08-14
VANGUARD PACIFIC STOCK INDEX P   2020-08-14
VANGUARD VALUE INDEX P   2020-08-14
VANGUARD SHORT TERM BOND FUND P   2020-08-14
VANGUARD TOTAL BOND FUND P   2020-03-19
VANGUARD TOTAL INTERNATIONAL BOND FUND P   2020-03-19
VANGUARD INTERMEDIATE BOND FUND P   2020-03-19
VANGUARD SHORT TERM BOND FUND P   2020-03-19
VANGUARD CORE BOND FUND P   2020-03-19
VANGUARD LONG TERM BOND FUND P   2020-03-19
VANGUARD MID CAP GROWTH FUND P   2020-08-14
VANGUARD WINDSOR II FUND P   2020-08-14
VANGUARD STRATEGIC EQUITY FUND P   2020-08-14
VANGUARD TOTAL STOCK MARKET FUND P   2020-08-14
VANGUARD REIT INDEX P   2020-04-09
VANGUARD TOTAL INTERNATIONAL STOCK INDEX P   2020-08-14
VANGUARD INTERNATIONAL GROWTH P   2020-08-14
VANGUARD INTERNATIONAL VALUE P   2020-04-09
VANGUARD US GROWTH FUND P   2020-08-14
VANGUARD EMERGING MARKETS P   2020-08-14
VANGUARD ENERGY INDEX FUND P   2020-08-14
VANGUARD EUROPEAN STOCK INDEX P   2020-08-14
VANGUARD INSTITUTIONAL INDEX P   2020-08-14
VANGUARD PACIFIC STOCK INDEX P   2020-08-14
VANGUARD VALUE INDEX P   2020-08-14
VANGUARD SHORT TERM BOND FUND P   2020-11-03
VANGUARD EMERGING MARKETS FUND P   2020-08-14
VANGUARD ENERGY INDEX P   2020-08-14
VANGUARD EUROPEAN STOCK FUND P   2020-08-14
VANGUARD INSTITUTIONAL INDEX P   2020-08-14
VANGUARD PACIFIC STOCK INDEX P   2020-08-14
VANGUARD VALUE INDEX P   2020-08-14
VANGUARD SHORT TERM BOND FUND P   2020-11-03
(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 667,299   621,872 45,427
b 155,835   337,154 -181,319
c 472,085   501,168 -29,083
d 2,504,238   1,476,079 1,028,159
e 543,949   475,961 67,988
411,900   371,321 40,579
1,796,701   1,322,492 474,209
89,682   89,012 670
19,226   19,239 -13
972   974 -2
353,704   314,982 38,722
2,323   2,335 -12
535,065   471,811 63,254
546,999   481,177 65,822
382,176   813,314 -431,138
412,479   427,579 -15,100
383,468   220,269 163,199
289,668   252,050 37,618
2,347,787   1,836,125 511,662
1,176   1,178 -2
159,560   159,500 60
126,930   120,284 6,646
87,520   90,954 -3,434
147,539   151,635 -4,096
158,810   160,128 -1,318
41,460   45,913 -4,453
97,010   91,465 5,545
61,752   71,903 -10,151
77,975   83,110 -5,135
238,595   161,225 77,370
39,000   37,182 1,818
106,763   104,682 2,081
299,647   178,442 121,205
25,799   29,825 -4,026
353,984   272,031 81,953
30,754   27,054 3,700
17,622   37,502 -19,880
18,496   19,173 -677
32,006   18,384 13,622
24,901   21,667 3,234
106,474   83,270 23,204
72   72  
276,788   243,481 33,307
158,602   337,523 -178,921
166,459   172,552 -6,093
288,049   165,459 122,590
224,442   195,294 29,148
958,265   749,427 208,838
641   642 -1
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       45,427
b       -181,319
c       -29,083
d       1,028,159
e       67,988
      40,579
      474,209
      670
      -13
      -2
      38,722
      -12
      63,254
      65,822
      -431,138
      -15,100
      163,199
      37,618
      511,662
      -2
      60
      6,646
      -3,434
      -4,096
      -1,318
      -4,453
      5,545
      -10,151
      -5,135
      77,370
      1,818
      2,081
      121,205
      -4,026
      81,953
      3,700
      -19,880
      -677
      13,622
      3,234
      23,204
       
      33,307
      -178,921
      -6,093
      122,590
      29,148
      208,838
      -1
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 2,772,280
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 50,546
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 40,467
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 40,467
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 40,467
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 50000 7 50,000
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 9,533
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11 9,533
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
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)
    bulletNJ
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletATLANTIC FOUNDATION Telephone no.bullet (609) 689-1040

    Located atbullet14 FAIRGROUNS ROADHAMILTONNJ ZIP+4bullet08619
    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? .................
    16Yes  
    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
     
    No
    .........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). Click to see attachment
    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
    J SEWARD JOHNSON JR- DECEASED 2020 CEO
    025.00     		5,540    
    14 FAIRGROUNDS ROAD
    HAMILTON,NJ08619
    JOHN S JOHNSON III CEO
    025.00     		8,950    
    14 FAIRGROUNDS ROAD
    HAMILTON,NJ08619
    MICHAEL GREENLEAF TREASURER
    025.00     		38,619    
    14 FAIRGROUNDS ROAD
    HAMILTON,NJ08619
    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
    MICHAEL UNGER CHIEF ADMINITRATIVE
    040.00     		231,605 16,212  
    14 FAIRGROUNDS RD
    HAMILTON,NJ08619
    CRAIG INGWER CHIEF FINANCIAL OFFI
    040.00     		161,300 11,291  
    14 FAIRGROUNDS RD
    HAMILTON,NJ08619
    W BRUCE DANIELS DIRECTOR OF FACILITI
    040.00     		128,156 8,971  
    14 FAIRGROUNDS RD
    HAMILTON,NJ08619
    JANET APPLETON EXECUTIVE SECRETARY
    040.00     		106,689 7,468  
    14 FAIRGROUNDS RD
    HAMILTON,NJ08619
    EMMA CANARICK DIRECTOR OF CAPACITY
    040.00     		90,209 6,314  
    14 FAIRGROUNDS RD
    HAMILTON,NJ08619
    Total number of other employees paid over $50,000...................bullet 2
    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
    PATTERSON BELKNAP WEBB TYLER LEGAL 86,997
    1133 AVENUE OF THE AMERICAS
    NEW YORK,NY10036
    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 Support of Grounds For Sculpture relating top the operations of a sculpture park open to the public. Activities include public tours, membership and admissions programs, various sculpture related events, childrens' programs, artists' lectures and viewing of artwork. 357,726
    2 Support of The Seward Johnson Atelier, a nonprofit organization formed for the purpose of enhancing public awareness pertaining to the appreciation of sculpture through the production of several exhibitions throughout the world and the acquisition of sculpture to display and educate the general puvblic in the arts. 125,609
    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
    0
    b
    Average of monthly cash balances.......................
    1b
    1,555,178
    c
    Fair market value of all other assets (see instructions)................
    1c
    61,277,366
    d
    Total (add lines 1a, b, and c).........................
    1d
    62,832,544
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    62,832,544
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    942,488
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    61,890,056
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,094,503
    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
    3,094,503
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    40,467
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    40,467
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,054,036
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    3,054,036
    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
    3,054,036
    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 Click to see attachment..........
    1a
    15,230,376
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    15,230,376
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    15,230,376
    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 3,054,036
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 3,797,234
    b From 2016...... 7,557,206
    c From 2017...... 5,193,195
    d From 2018...... 3,016,314
    e From 2019...... 3,123,460
    fTotal of lines 3a through e........ 22,687,409
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 15,230,376
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 3,054,036
    e Remaining amount distributed out of corpus 12,176,340
    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 34,863,749
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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) ...     		3,797,234
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		31,066,515
    10 Analysis of line 9:
    a Excess from 2016.... 7,557,206
    b Excess from 2017.... 5,193,195
    c Excess from 2018.... 3,016,314
    d Excess from 2019.... 3,123,460
    e Excess from 2020.... 12,176,340
    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
    GROUNDS FOR SCULPTURE
    80 SCULPTORS WAY
    HAMILTON,NJ08619     		  PC GENERAL OPERATING SUPPORT 5,883,333
    THE SEWARD JOHNSON ATELIER
    14 FAIRGROUNDS ROAD
    HAMILTON,NJ08619     		  POF GENERAL OPERATING SUPPORT 4,600,000
    HARMONY INSTITUTE
    311 WEST 43RD STREET 12TH FLOOR
    NEW YORK,NY10036     		  PC GENERAL OPERATING SUPPORT 1,798,250
    EYEBEAM ATELIER
    34 35TH STREET 5TH FLOOR
    NEW YORK,NY10032     		  PC GENERAL OPERATING SUPPORT 550,000
    AMIGOS OF COSTA RICA INC
    210 L STREET NW SUITE 800
    WASHINGTON,DC20037     		  PC GENERAL OPERATING SUPPORT 329,500
    IMPACT ASSETS
    7615 WISCONSIN AVENUE SUITE 100W
    BETHESDA,MD20814     		  PC GENERAL OPERATING SUPPORT 201,750
    SCREENWRITERS COLONY
    29 GREENE ST
    NEW YORK,NY10013     		  PC GENERAL OPERATING SUPPORT 112,000
    NANTUCKET DREAMLAND FOUNDATION
    PO BOX 989
    NANTUCKET,MA02554     		  PC GENERAL OPERATING SUPPORT 100,000
    ALMANAC ARTS COLONY
    25 ALMANAC POND ROAD
    NANTUCKET,MA02554     		  PC GENERAL OPERATING SUPPORT 100,000
    SHAMBALA USA
    30 CHURCH STREET
    BARNET,VT05821     		  PC GENERAL OPERATING SUPPORT 95,000
    NOVA SOUTHEASTERN UNIVERSITY
    3301 COLLEGE AVENUE
    FT LAUDERDALE,FL33314     		  PC SCHOLARSHIPS 85,180
    REPRESENT US EDUCATION FUND
    PO BOX 60008
    FLORENCE,MA01062     		  PC GENERAL OPERATING SUPPORT 75,000
    NANTUCKET COLLEGE HOSPITAL
    57 PROSPECT STREET
    NANTUCKET,MA02554     		  PC CAPITAL CAMPAIGN 75,000
    INTERNATIONAL SCULPTURE CENTER
    14 FAIRGROUNDS ROAD
    HAMILTON,NJ08619     		  PC GENERAL OPERATING SUPPORT 50,000
    UNIVERSITY OF ARIZONA
    1100 E UNIVERSITY BLVD
    TUCSON,AZ85271     		  PC SEMA LAB 50,000
    LOTUS MOUNTAIN GOMPA
    PO BOX 1508
    LOOMIS,CA95650     		  PC COMMINUCATION/EDUCATION 20,000
    NEW YORK HARM REDUCTION EDUCATORS
    104-106 E 126TH ST STE 1A
    NEW YORK,NY10035     		  PC GENERAL OPERTAING SUPPORT 10,000
    MERLIN TUTTLE'S BAT CONSERVATION IN
    5000 MISSION OAKS BLVD
    AUSTIN,TX78735     		  PC GENERAL OPERATING SUPPORT 10,000
    COUNCIL OF NEW JERSEY GRANTMAKERS
    111 WEST STATE STREET
    TRENTON,NJ08608     		  PC GENERAL OPERATING SUPPORT 6,655
    MARY MCDOWELL FRIENDS SCHOOL
    20 BERGEN STREET
    BROOKLYN,NY11201     		  PC GENERAL OPERATING SUPPORT 2,500
    BROOKLYN WALDORF SCHOOL
    11 JEFFERSON AVENUE
    BROOKLYN,NY11238     		  PC GENERAL OPERATING SUPPORT 2,500
    THE WILLOW SCHOOL
    1150 POTTERSVILLE RD
    GLADSTONE,NJ07934     		  PC GENERAL OPERATING SUPPORT 2,500
    Total .................................bullet 3a 14,159,168
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 285,084  
    4 Dividends and interest from securities....     14 815,186  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 1,160  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		         
    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)..   1,101,430  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,101,430
    (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: 20011406
    Software Version: 20.0.2.0
    Part VI Line 7 - Tax Paid with the Original Return: 50,000


    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 ATLANTIC FOUNDATION
     
    Employer identification number

    22-6054882
    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 ATLANTIC FOUNDATION
          		Employer identification number
    22-6054882
    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
     
     
     
     

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    22-6054882
    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 ATLANTIC FOUNDATION
          		Employer identification number

    22-6054882
    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: 20011406
    Software Version: 20.0.2.0

    TY 2020 AccountingFeesSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MATTHEWS CO 30,140 18,084   12,056

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

    TY 2020 DepreciationSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    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
    SEE ATTACHED   12,253,112 7,266,445     293,335 146,507    

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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    THE SEWARD JOHNSON ATELIER
          		14 FAIRGROUNDS ROAD
    HAMILTON,NJ08619     		2020-01-02 4,600,000 GENERAL OPERATING EXPENSES 4,600,000   03/15/2021    

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    VANGUARD SHORT TERM BOND FUND 2,152,665 2,152,665
    VANGUARD INTERMEDIATE TERM BOND FUND 1,939,482 1,939,482
    VANGUARD TOTAL BOND MARKET 3,908,583 3,908,583
    VANGUARD TOTAL INTERNATIONAL BOND FUND 743,638 743,638
    VANGUARD EMERGING MARKET BOND ETF 380,533 380,533
    VANGUARD HIGH YIELD CORP BOND FUND 381,326 381,326
    VANGUARD CORE BOND FUND 879,485 879,485
    VANGUARD LONG TERM BOND FUND 1,164,039 1,164,039

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    VANGUARD EMERGING MARKETS STOCK 1,766,407 1,766,407
    VANGUARD ENERGY FUND 723,830 723,830
    VANGUARD EUROPEAN STOCK INDEX 1,178,492 1,178,492
    VANGUSARD INSTITUTIONAL INDEX 1,327,816 1,327,816
    VANGUARD PACIFIC STOCK INDEX 1,122,711 1,122,711
    VANGUARD VALUE INDEX 5,795,378 5,795,378
    VANGUARD US GROWTH FUND 1,679,894 1,679,894
    VANGUARD MID CAP GROWTH FUND 720,181 720,181
    VANGUARD WINDSOR II FUND 1,637,747 1,637,747
    VANGUARD STRATEGIC EQUITY FUND 710,494 710,494
    VANGUARD TOTAL STOCK MARKET INDEX 7,033,564 7,033,564
    VANGUARD REIT INDEX 980,400 980,400
    VANGUARD TOTAL INTERNATIONAL STOCK INDEX 4,570,705 4,570,705
    VANGUARD INTERNATIONAL GROWTH FUND 1,613,446 1,613,446
    VANGUARD INTERNATIONAL VALUE FUND 1,519,340 1,519,340
    VANGUARD TOTAL INSTITUTIONAL STOCK ADVISORY 4,537,087 4,537,087
    VANGUARD TOTAL STOCK ADVISORY 6,750,462 6,750,462

    TY 2020 InvestmentsLandSchedule2
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    SEE ATTACHED SCHEDULE 6,097,069 3,753,055 2,344,014 2,344,014

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LAAB OFFSHORE FUND FMV 3,387,140 3,387,140

    TY 2020 LandEtcSchedule2
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    SEE ATTACHED SCHEDULE 6,156,039 3,806,731 2,349,308 2,349,308


    TY 2020 LegalFeesSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PATTERSON BELKNAP WEBB TYLER 85,947 34,379   51,568
    PELLETIERRI RABSTEIN ALTMAN 1,050     1,050


    TY 2020 OtherAssetsSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID EXPENSES 3,320 9,960 9,960
    CANVASSES 1,328 1,328 1,328
    PREPAID EXCISE TAXES   8,963 8,963


    TY 2020 OtherExpensesSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 2,356 2,356    
    COMPUTER NETWORK 85,114 42,557   42,557
    OFFICE EXPENSE 8,448 4,224   4,224
    BOOKS, DUES SUBSCRIPTIONS 10,216 5,108   5,108
    CYBER INSURANCE 1,305 652   653
    DO INSURANCE 9,601 4,801   4,800
    AUTO EXPENSE 10,089 5,045   5,044
    EDUCATION SEMINARS 202 101   101


    TY 2020 OtherIncreasesSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 1,701,026
    PPP LOAN FORGIVENESS 174,200


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL LIABILITIES 1,851 5,257
    ACCRUED EXCISE TAX 40,735  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 28,308 28,308    
    MATTHEWS CO 1,200 720   480
    PRIMEPOINT 1,813 725   1,088


    TY 2020 TaxesSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 30,517 30,517