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
Robert and Ardis James Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

46-3298762
B Telephone number (see instructions)

(800) 839-1754
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$230,081,191J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 76,234 76,234  
4 Dividends and interest from securities... 640,959 640,959  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 7,480,760
b Gross sales price for all assets on line 6a 17,158,129
7 Capital gain net income (from Part IV, line 2)... 7,044,935
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 3,760,678 3,794,780  
12 Total. Add lines 1 through 11........ 11,958,631 11,556,908  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 577,092 372,092   205,000
17 Interest............... 1,637 1,637    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 721,579 6,491    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 4,377,701 4,039,270   194,969
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,678,009 4,419,490   399,969
25 Contributions, gifts, grants paid....... 21,054,461 21,054,461
26 Total expenses and disbursements. Add lines 24 and 25 26,732,470 4,419,490   21,454,430
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -14,773,839
b Net investment income (if negative, enter -0-) 7,137,418
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 59,330,977 9,415,354 9,415,354
3 Accounts receivable bullet28,392
Less: allowance for doubtful accounts bullet     28,392 28,392
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)....... 20,766,752 Click to see attachment40,088,449 47,679,312
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 118,255,083 Click to see attachment134,046,778 172,958,133
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) 198,352,812 183,578,973 230,081,191
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 198,352,812 183,578,973
29 Total net assets or fund balances (see instructions)..... 198,352,812 183,578,973
30 Total liabilities and net assets/fund balances (see instructions). 198,352,812 183,578,973
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
198,352,812
2
Enter amount from Part I, line 27a .....................
2
-14,773,839
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
183,578,973
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
183,578,973
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 Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c ADYEN BV P 2008-01-25 2020-01-01
d GCM OFFSHORE EQUITY PARTNERS LP P 2018-08-01 2020-07-01
e PERSHING SQUARE INTL LTD CLASS C SERIES 1 E P   2020-01-31
RAGING CAPITAL OFFSHORE FUND LTD P 2017-06-01 2020-05-18
RAGING CAPITAL OFFSHORE FUND LTD P 2017-06-01 2020-07-15
RAGING CAPITAL OFFSHORE FUND LTD P 2017-06-01 2020-10-15
SIRE SPV OFFSHORE LTD P 2017-02-01 2020-12-01
DIST IN EXCESS OF BASIS - STRAT PTRS OFFSHORE FUND VI LP      
DIST IN EXCESS OF BASIS - SEAVEST PROPERTIES III LLC      
(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 9,387,153   9,456,040 -68,887
b       5,350,365
c     3,279 -3,279
d 2,839,228   3,000,000 -160,772
e 4,103,004   2,061,369 2,041,635
456,736   600,450 -143,714
142,001   200,005 -58,004
94,713   125,495 -30,782
20,679   16,921 3,758
78,391     78,391
36,224     36,224
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       -68,887
b        
c       -3,279
d       -160,772
e       2,041,635
      -143,714
      -58,004
      -30,782
      3,758
      78,391
      36,224
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 7,044,935
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 99,210
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 99,210
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 99,210
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 709,604
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.............. 7 709,604
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 10 610,394
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet100,000 RefundedBullet 11 510,394
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? Click to see list of attachments....................
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 changesClick to see list of attachments....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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.Click to see list of attachments
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)
    bulletDE
    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
    Yes
     
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
    No
    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
    Ralph James Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Robert James Dir, Pres
    10.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Catherine James Paglia Dir, Sec, Treas
    10.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
    Dyson Capital Advisors LLC Investment Mgmt 296,156
    201 North Union St Suite 300
    Alexandria,VA22314
    Enterprise Asset Management Inc Admin & Investment 270,000
    521 Fifth Avenue Suite 1804
    New York,NY10175
    Foundation Source Administrative 194,269
    55 Walls Drive
    Fairfield,CT06824
    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
    36,895,943
    b
    Average of monthly cash balances.......................
    1b
    29,702,748
    c
    Fair market value of all other assets (see instructions)................
    1c
    166,808,522
    d
    Total (add lines 1a, b, and c).........................
    1d
    233,407,213
    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
    233,407,213
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    3,501,108
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    229,906,105
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    11,495,305
    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
    11,495,305
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    99,210
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    66,635
    c
    Add lines 2a and 2b............................
    2c
    165,845
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    11,329,460
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    11,329,460
    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
    11,329,460
    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
    21,454,430
    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
    21,454,430
    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
    21,454,430
    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 11,329,460
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017...... 933,920
    d From 2018...... 1,411,863
    e From 2019...... 6,371,702
    fTotal of lines 3a through e........ 8,717,485
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 21,454,430
    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..... 11,329,460
    e Remaining amount distributed out of corpus 10,124,970
    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 18,842,455
    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) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		18,842,455
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 933,920
    c Excess from 2018.... 1,411,863
    d Excess from 2019.... 6,371,702
    e Excess from 2020.... 10,124,970
    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).)
    Robert James
    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.
    NONE
    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
    ALLIANCE FOR AMERICAN QUILTS INC
    PO BOX 19116
    ASHEVILLE,NC28815     		N/A PC Quilter's Save Our Stories Project 47,083
    ALZHEIMER'S ASSOCIATION - CONNECTICUT CHAPTER
    200 EXECUTIVE BLVD STE 4B
    SOUTHINGTON,CT06489     		N/A PC General & Unrestricted 1,000
    AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RE
    1789 MASSACHUSETTS AVE NW
    WASHINGTON,DC20036     		N/A PC General & Unrestricted 10,000
    AMERICAN QUILT STUDY GROUP
    1610 L ST
    LINCOLN,NE68508     		N/A PC General & Unrestricted 1,000
    AMERICAN QUILT STUDY GROUP
    1610 L ST
    LINCOLN,NE68508     		N/A PC To support the 2020 Seminar 2,000
    BOSTON FOUNDATION INC
    75 ARLINGTON ST
    BOSTON,MA02116     		N/A PC First installment to King Boston for the initiative to establish the King Center for Social Justice 50,000
    BUILDING ONE COMMUNITY CORP
    75 SELLECK ST
    STAMFORD,CT06902     		N/A PC General & Unrestricted 10,000
    CARLETON COLLEGE
    1 N COLLEGE ST
    NORTHFIELD,MN55057     		N/A PC General & Unrestricted 6,125,000
    CARLETON COLLEGE
    1 N COLLEGE ST
    NORTHFIELD,MN55057     		N/A PC To support the Paglia Post-Bac Research Fellowship 180,000
    CARLETON COLLEGE
    1 N COLLEGE ST
    NORTHFIELD,MN55057     		N/A PC Parents Fund 20,000
    CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE
    1779 MASSACHUSETTS AV NW
    WASHINGTON,DC20036     		N/A PC General & Unrestricted 100,000
    CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE
    1779 MASSACHUSETTS AV NW
    WASHINGTON,DC20036     		N/A PC Strategic Impact Fund 25,000
    CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE
    1779 MASSACHUSETTS AV NW
    WASHINGTON,DC20036     		N/A PC First installment capital pledge 2,000,000
    CATHOLIC CHARITIES OF FAIRFIELD COUNTY INC
    90 FAIRFIELD AVE
    STAMFORD,CT06904     		N/A PC Charitable Event 10,000
    CATHOLIC CHARITIES OF FAIRFIELD COUNTY INC
    90 FAIRFIELD AVE
    STAMFORD,CT06904     		N/A PC Final installment of capital pledge 50,000
    CATHOLIC CHARITIES OF FAIRFIELD COUNTY INC
    90 FAIRFIELD AVE
    STAMFORD,CT06904     		N/A PC General & Unrestricted 165,000
    CATO INSTITUTE
    1000 MASSACHUSETTS AVE NW
    WASHINGTON,DC20001     		N/A PC General & Unrestricted 50,000
    CHAPPAQUA SCHOOL FOUNDATION INC
    PO BOX 202
    CHAPPAQUA,NY10514     		N/A PC For construction of the climate controlled multizone greenhouse 1,500,000
    CHILDRENS VILLAGE INC
    1 ECHO HILLS
    DOBBS FERRY,NY10522     		N/A PC General & Unrestricted 45,000
    COOKE SCHOOL AND INSTITUTE
    1713 MADISON AVE
    NEW YORK,NY10029     		N/A PC General & Unrestricted 325,000
    DOANE UNIVERSITY
    1014 BOSWELL AVE
    CRETE,NE68333     		N/A PC FIFTH INSTALLMENT OF CAPITAL PLEDGE 150,000
    DOANE UNIVERSITY
    1014 BOSWELL AVE
    CRETE,NE68333     		N/A PC General & Unrestricted 10,000
    DONORS TRUST INC
    1800 DIAGONAL RD STE 280
    ALEXANDRIA,VA22314     		N/A PC VMTS 125,000
    EL PORVENIR
    80 GARDEN CENTER STE 135
    BROOMFIELD,CO80020     		N/A PC Matching grant challenge 10,000
    ESSEX COUNTY COMMUNITY FOUNDATION INCORPORATED
    175 ANDOVER ST STE 101
    DANVERS,MA01923     		N/A PC General & Unrestricted 25,000
    FRAXA RESEARCH FOUNDATION INC
    10 PRINCE PL
    NEWBURYPORT,MA01950     		N/A PC General & Unrestricted 25,000
    FRIENDS OF INTERNATIONAL QUILT STUDY CENTER & MUSE
    PO BOX 21936
    LINCOLN,NE68542     		N/A PC General & Unrestricted 10,000
    FRIENDS OF NGONG ROAD
    PO BOX 581308
    MINNEAPOLIS,MN55458     		N/A PC General & Unrestricted 20,000
    FRIENDS OF NGONG ROAD
    PO BOX 581308
    MINNEAPOLIS,MN55458     		N/A PC THIRD INSTALLMENT TO SUSTAINING PLEDGE PROGRAM 50,000
    GLOBAL LYME ALLIANCE INC
    1290 E MAIN ST 3RD FL
    STAMFORD,CT06902     		N/A PC General & Unrestricted 10,000
    HARVARD BUSINESS SCHOOL
    PO BOX 412275
    BOSTON,MA02241     		N/A PC Second installment of pledge 2,000,000
    HARVARD BUSINESS SCHOOL
    PO BOX 412275
    BOSTON,MA02241     		N/A PC CATHERINE JAMES PAGLIA (MBA 1976) SEARCH FUND FELLOWSHIP 250,000
    HARVARD BUSINESS SCHOOL
    PO BOX 412275
    BOSTON,MA02241     		N/A PC Annual Gift FuND 100,000
    HARVARD BUSINESS SCHOOL
    PO BOX 412275
    BOSTON,MA02241     		N/A PC JAMES FAMILY SCHOLARSHIP FUND 25,000
    HARVARD BUSINESS SCHOOL
    PO BOX 412275
    BOSTON,MA02241     		N/A PC Robert G. James Annual Fund 25,000
    HARVARD MEDICAL SCHOOL
    401 PARK DRIVE STE 22 WEST
    BOSTON,MA02215     		N/A PC James Family ScholaRSHIP FUND 25,000
    HARVARD UNIV - RADCLIFFE INST FOR ADVANCED STUDY
    10 GARDEN ST
    CAMBRIDGE,MA02138     		N/A PC FIFTH INSTALLMENT OF CAPITAL PLEDGE TO ESTABLISH THE ARDIS BUTLER JAMES FUND FOR SCIENCE 100,000
    HARVARD UNIV - RADCLIFFE INST FOR ADVANCED STUDY
    10 GARDEN ST
    CAMBRIDGE,MA02138     		N/A PC General & Unrestricted 10,000
    HARVARD UNIV - RADCLIFFE INST FOR ADVANCED STUDY
    10 GARDEN ST
    CAMBRIDGE,MA02138     		N/A PC FIFTH INSTALLMENT OF PLEDGE TO ESTABLISH THE ARDIS BUTLER JAMES FUND FOR DIVERSITY AT THE SCHLESINGER LIBRARY 200,000
    HARVARD UNIV GRADUATE SCHOOL OF ARTS & SCIENCES
    124 MOUNT AUBURN ST
    CAMBRIDGE,MA02138     		N/A PC General & Unrestricted 25,000
    HARVARD UNIV GRADUATE SCHOOL OF ARTS & SCIENCES
    124 MOUNT AUBURN ST
    CAMBRIDGE,MA02138     		N/A PC Fifth installment of capital pledge for the James Family Dean's Fund for Professional Development 200,000
    HELEN KELLER INTERNATIONAL
    ONE DAG HAMMARSKJOLD PLZ FL 2
    NEW YORK,NY10017     		N/A PC General & Unrestricted 110,000
    HUMAN RIGHTS WATCH INC
    350 FIFTH AVE 34TH FL
    NEW YORK,NY10118     		N/A PC General & Unrestricted 25,000
    MAKING HEADWAY FOUNDATION INC
    115 KING ST
    CHAPPAQUA,NY10514     		N/A PC General & Unrestricted 250
    MANHATTAN INSTITUTE FOR POLICY RESEARCH INC
    52 VANDERBILT AVE
    NEW YORK,NY10017     		N/A PC General & Unrestricted 200,000
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    600 MEMORIAL DR W98-200
    CAMBRIDGE,MA02139     		N/A PC FINAL INSTALLMENT TO ESTABLISH THE ENDOWED ROBERT G. JAMES CAREER DEVELOPMENT PROFESSORSHIP FOR JUNIOR FACULTY MEMBERS IN THE MIT SLOAN SCHOOL OF MANAGEMENT 600,000
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    600 MEMORIAL DR W98-200
    CAMBRIDGE,MA02139     		N/A PC General & Unrestricted 145,000
    MICHIGAN STATE UNIVERSITY
    409 W CIR DR
    EAST LANSING,MI48824     		N/A GOV First installment A PLEDGE TO SUPPORT THE QUILT INDEX 25,000
    NEBRASKA WESLEYAN UNIVERSITY
    5000 SAINT PAUL AVE
    LINCOLN,NE68504     		N/A PC General & Unrestricted 5,000
    NORTHEAST ARC INC
    1 SOUTHSIDE RD
    DANVERS,MA01923     		N/A PC first installment in a pledge PAYABLE 2020-2024 50,000
    NORWALK COMMUNITY COLLEGE FOUNDATION
    188 RICHARDS AVE STE E 311
    NORWALK,CT06854     		N/A PC General & Unrestricted 60,000
    ORD TOWNSHIP LIBRARY FOUNDATION INC
    1718 M ST
    ORD,NE68862     		N/A PC General & Unrestricted 5,000
    P E F ISRAEL ENDOWMENT FUNDS INC
    630 THIRD AVE 15TH FLOOR
    NEW YORK,NY10017     		N/A PC For Sikkuy 200,000
    PARTNERS HEALTHCARE SYSTEM INC - SPAULDING REHAB H
    1575 CAMBRIDGE ST
    CAMBRIDGE,MA02138     		N/A PC General & Unrestricted 100,000
    PLATTE INSTITUTE FOR ECONOMIC RESEARCH INC
    6910 PACIFIC ST STE 216
    OMAHA,NE68106     		N/A PC General & Unrestricted 65,000
    PLUMMER YOUTH PROMISE INC
    37 WINTER ISLAND RD
    SALEM,MA01970     		N/A PC General & Unrestricted 125,000
    PRESIDENT AND FELLOWS OF HARVARD COLLEGE
    PO BOX 419209
    BOSTON,MA02241     		N/A PC Harvard Divinity School 50,000
    PRESIDENT AND FELLOWS OF HARVARD COLLEGE
    PO BOX 419209
    BOSTON,MA02241     		N/A PC THIRD INSTALLMENT of a pledge to ANDOVER HALL RENEWAL FUND 2,000,000
    PRESIDENT AND FELLOWS OF HARVARD COLLEGE
    PO BOX 419209
    BOSTON,MA02241     		N/A PC first installment of a pledge TO HARVARD DIVINITY SCHOOL IN SUPPORT OF RELIGION AND PUBLIC LIFE 125,000
    PRESIDENT AND FELLOWS OF HARVARD COLLEGE
    PO BOX 419209
    BOSTON,MA02241     		N/A PC Harvard Divinity School 25,000
    PRESIDENT AND FELLOWS OF HARVARD COLLEGE
    PO BOX 419209
    BOSTON,MA02241     		N/A PC Harvard Divinity School for the Moses Mesoamerican Archive and Research Project led by Professor David Carasco 25,000
    PRESIDENT AND FELLOWS OF HARVARD COLLEGE
    PO BOX 419209
    BOSTON,MA02241     		N/A PC FINAL INSTALLMENT OF PLEDGE TO SUPPORT DEAN'S VENTURE FUND AT THE HARVARD GRADUATE SCHOOL OF EDUCATION 200,000
    PRESIDENT AND FELLOWS OF HARVARD COLLEGE
    PO BOX 419209
    BOSTON,MA02241     		N/A PC General Support for Harvard Graduate School of Education 25,000
    RANGELEY LAKES HERITAGE TRUST INC
    2424 MAIN ST
    RANGELEY,ME04970     		N/A PC General & Unrestricted 50,000
    READWORKS INC
    PO BOX 24673
    NEW YORK,NY11202     		N/A PC General & Unrestricted 350,000
    READWORKS INC
    PO BOX 24673
    NEW YORK,NY11202     		N/A PC to support the partnership between ReadWorks and International Quilt Museum 40,000
    READWORKS INC
    PO BOX 24673
    NEW YORK,NY11202     		N/A PC pilot program partnering with the International Quilt Museum in Lincoln Nebraska 25,872
    RIVERVIEW SCHOOL INC
    551 RTE 6A
    EAST SANDWICH,MA02537     		N/A PC FINAL INSTALLMENT OF A PLEDGE 50,000
    RIVERVIEW SCHOOL INC
    551 RTE 6A
    EAST SANDWICH,MA02537     		N/A PC General & Unrestricted 220,000
    SAFE HORIZON INC
    2 LAFAYETTE ST FL 3
    NEW YORK,NY10007     		N/A PC General & Unrestricted 15,000
    SAINT MICHAEL ROMAN CATHOLIC CHURCH CORPORATION
    469 N ST
    GREENWICH,CT06830     		N/A PC Final installment of a pledge for the "We Stand With Christ - Rebuilding Together" Capital Campaign 40,000
    STAMFORD HOSPITAL
    1351 WASHINGTON BLVD SUITE 20
    STAMFORD,CT06902     		N/A PC Support Team Edgehill 1,000
    STAMFORD HOSPITAL
    1351 WASHINGTON BLVD SUITE 20
    STAMFORD,CT06902     		N/A PC General & Unrestricted 75,000
    STUDIO ART QUILT ASSOC INC
    PO BOX 141
    HEBRON,CT06248     		N/A PC General & Unrestricted 25,000
    SUMMER SEARCH BOSTON
    3840 WASHINGTON ST STE 2
    JAMAICA PLAIN,MA02130     		N/A PC General & Unrestricted 100,000
    TENACITY INC
    38 EVERETT ST LOWER LEVEL
    BOSTON,MA02134     		N/A PC General & Unrestricted 150,000
    THE INDEPENDENT INSTITUTE
    100 SWAN WAY
    OAKLAND,CA94621     		N/A PC General & Unrestricted 20,000
    THE PRESBYTERIAN CHURCH OF MT KISCO
    605 MILLWOOD RD
    MT KISCO,NY10549     		N/A PC General & Unrestricted 50,000
    THE YANKEE INSTITUTE FOR PUBLIC POLICY STUDIES INC
    216 MAIN ST
    HARTFORD,CT06106     		N/A PC General & Unrestricted 75,000
    THE YANKEE INSTITUTE FOR PUBLIC POLICY STUDIES INC
    216 MAIN ST
    HARTFORD,CT06106     		N/A PC Payment for challenge grant 2018-2020 90,756
    THEATER MASTERS
    PO BOX 899
    ASPEN,CO81612     		N/A PC General & Unrestricted 10,000
    TRUSTEES FOR HARVARD UNIVERSITY
    1033 MASSACHUSETTS AVE STE 3
    CAMBRIDGE,MA02138     		N/A PC Harvard Kennedy School - Mossavar-Rahmani Center for Business and Government 100,000
    UMASS MEDICAL SCHOOL FOUNDATION INC
    333 SOUTH ST SUITE 290
    SHREWSBURY,MA01545     		N/A PC to support UMass Medical School Covid-19 Pandemic Research Fund 100,000
    UNITED WAY OF GREENWICH INC
    500 W PUTNAM AVE STE 415
    GREENWICH,CT06830     		N/A PC General & Unrestricted 10,000
    UNIVERSITY OF MASSACHUSETTS FOUNDATION INC
    ONE BEACON ST 31ST FLOOR
    BOSTON,MA02108     		N/A PC General & Unrestricted 350,000
    UNIVERSITY OF NEBRASKA FOUNDATION
    1010 LINCOLN MALL STE 300
    LINCOLN,NE68508     		N/A PC SIXTH INSTALLMENT OF A PLEDGE 425,000
    UNIVERSITY OF NEBRASKA FOUNDATION - INTERNATIONAL
    1010 LINCOLN MALL STE 300
    LINCOLN,NE68583     		N/A PC To support the International Quilt Museum/Modern Quilt Guild project to create a Modern Quilt Guild collection 64,500
    UNIVERSITY OF NEBRASKA FOUNDATION - INTERNATIONAL
    1010 LINCOLN MALL STE 300
    LINCOLN,NE68583     		N/A PC The Whitney Project 148,500
    US FRIENDS OF THE INTERNATIONAL INSTITUTE FOR STRA
    2121 K ST NW STE 600
    WASHINGTON,DC20037     		N/A PC General & Unrestricted 20,000
    WALLIN EDUCATION PARTNERS
    5200 WILLSON RD STE 209
    MINNEAPOLIS,MN55424     		N/A PC General & Unrestricted 100,000
    WILLA CATHER FOUNDATION
    413 N WEBSTER ST
    RED CLOUD,NE68970     		N/A PC General & Unrestricted 10,000
    WILLA CATHER FOUNDATION
    413 N WEBSTER ST
    RED CLOUD,NE68970     		N/A PC First installment of an endowment pledge 62,500
    Total .................................bullet 3a 21,054,461
    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 76,234  
    4 Dividends and interest from securities....     14 640,959  
    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 ............     		525990 439,625 18 7,041,135  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 Inc/Loss     		525990 -66,009 14 3,823,848  
    bINTEREST/DIVIDENDS FROM ALTERNATIVE INVESTMENTS     14 2,619  
    cBANK CHARGE REFUNDS     01 220  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 373,616 11,585,015  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    11,958,631
    (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


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    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

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    TY 2020 DepreciationSchedule
    Name:
    Robert and Ardis James Foundation Inc
    EIN:
    46-3298762
    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 GeneralExplanationAttachment
    Name:
    Robert and Ardis James Foundation Inc
    EIN:
    46-3298762
    Identifier Return Reference Explanation
    FORM 8865 FORM 8865 The foun the limited information provided to it by the investment on which the Foundation is reporting. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
    FORM 926 FORM 926 The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
    PART VII-A, LINE 11 PART VII-A, LINE 11 (990-PF) - CONTROLLED ENTITIES Name of Controlled Entity: James Foundation Investments, Ltd. EIN: N/A Street Address: PO Box 309GT, Ugland House, Grand Cayman, Cayman Islands KY1-1104 No transfers were made during 2020 from the Foundation to this entity or from this entity to the Foundation. James Foundation Investments, Ltd. is not an excess business holding of the Foundation. Name of Controlled Entity: RCR James Associates, LLC EIN: 75-3194306 Street Address: 521 5th Ave, Ste 1804, New York, NY 10175 The only transfers made during 2020 were net cash contributions and distributions totaling $506,016 between the Foundation and RCR James Associates, LLC. RCR James Associates, LLC is not an excess business holding of the Foundation. Name of Controlled Entity: KF Paglia-James Associates, LLC EIN: 34-1998546 Street Address: 521 5th Ave, Ste 1804, New York, NY 10175 The only transfers made during 2020 were net cash contributions and distributions totaling $482,081 between the Foundation and KF Paglia-James Associates, LLC. KF Paglia-James Associates, LLC is not an excess business holding of the Foundation.
    Part I Line 6a Part I Line 6a RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $7,041,135 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $439,625 TOTAL PART I, LINE 6A: $7,480,760 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRADED SECURITIES GROSS SALES PRICE: $9,387,153 BOOK BASIS: $9,459,840 NET GAIN/(LOSS): $(72,687) PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $5,350,365 SALES OF OTHER ITEMIZED ASSETS GROSS SALES PRICE: $7,770,976 BOOK BASIS: $6,007,519 NET GAIN/(LOSS): $1,763,457
    FORM 8858 Form 8858 The foundation has prepared this form to the best of its ability based on the information provided to it by the foreign branch on which the Foundation is reporting. Any missing or incomplete information is not a willful attempt to withhold such information.

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Robert and Ardis James Foundation Inc
    EIN:
    46-3298762
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BLACKROCK EMERGING MARKETS FUN 4,029,214 4,273,216
    CBL & ASSOCIATES PROPERTIES 704,868 25,854
    HENDERSON EUROPEAN FOCUS FD CL 3,011,237 3,900,916
    ISHARES S&P 500 INDEX FD 6,261,932 8,868,213
    PHAEACIAN ACCENT INTERNATIONAL 5,316,765 6,797,080
    PRANA BIOTECHNOLOGY LIMITED 500,000 35,060
    SANDS CAPITAL GLOBAL GROWTH IN 5,221,322 6,964,092
    SL GREEN RLTY CORP PFD SER I - 241,806 251,500
    TCW EMERGING MARKETS INCOME FU 5,285,751 5,469,115
    VANGUARD FTSE DEVELOPED MARKET 9,515,554 11,094,266

    TY 2020 InvestmentsOtherSchedule2
    Name:
    Robert and Ardis James Foundation Inc
    EIN:
    46-3298762
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AAVIN MEZZANINE FUND LP   2,009,406 2,713,960
    ABERDEEN VENTURE PARTNERS XI   1,985,752 2,526,444
    ABERDEEN VENTURE PARTNERS XII   350,000 276,894
    ALTEGRIS MULTI-STRATEGY FUND   4,500,000 6,992,459
    APOLLO ATHENE DEDICATED INVEST   948,548 1,064,311
    APOLLO EUROPEAN PRNCPL FNC FD   662,330 827,314
    APOLLO INFRA EQ FDR TE DEBT LP   179,351 258,549
    APOLLO INFRA EQ FDR TEUP LP   303 437
    APOLLO INFRA EQ FDR TE LP   1,082,500 1,016,736
    APOLLO INFRA EQUITY INTL FUND   343,073 494,567
    APOLLO TOTAL RETURN FUND 1904   3,000,000 3,344,586
    APOLLO TOTAL RETURN FUND 2002   4,000,000 4,109,782
    BERENS GLOBAL VALUE FUND LTD   1,000,000 1,040,058
    BSCP SBIC I LP   885,579 845,580
    CAPITAL INTL PRIVATE EQ FD V   711,314 48,968
    CAPITAL INTL PRIVATE EQ FD VI   1,833,318 2,197,083
    CASDIN PARTNERS OFFSHORE LTD   4,000,000 8,970,199
    CASDIN PRIVATE GROWTH EQUITY   598,983 597,815
    COLUMBIA SPECTRUM PARTNERS II   1,271,487 1,266,548
    CORSAIR III FINANCIAL SRVCS CP   829,571 1,155,105
    CORSAIR III FINANCIAL SRVCS OF      
    CORSAIR KOREA INVESTORS LLC   754,331 979,120
    DYSON CAPITAL SERIES FUND LLC   194,861 188,057
    EAST ROCK FOCUS FUND LP   7,533,311 9,051,194
    EDGE PRINCIPAL INVESTMENTS II   503,592 421,704
    EDGE PRINCIPAL INVESTMENTS III   2,143,251 2,821,653
    EDGE PRINCIPAL INVESTMENTS IV   3,043,312 3,323,255
    EDGE PRINCIPAL INVESTMENTS, LP   15,554 10,088
    ENTERPRISE 299 ASSOCIATES   117,076 2,916,000
    ENTERPRISE WEXFORD ASSOCIATES   234,717 712,246
    ENTERPRISE WEXFORD ELEVEN LLC   70,705 445,235
    EUNETWORKS HOLDINGS LP   1,053,572 1,052,778
    GAIP 2019 (BERMUDA) AIV LP   825,499 911,877
    GAIP 2019 AIV B, LP   226,713 390,009
    GENERAL ATLANTIC INV PTNS 2019   216,042 226,799
    HARVEST MLP INCOME FUND II LLC   3,057,768 3,023,469
    HEALTH VELOCITY CAPITAL I LP   1,053,253 1,429,068
    HOUND PARTNERS CONCENTRATED FU   12,526 12,526
    HOUND PARTNERS LP   18,974 18,972
    IGNIA FUND I, LP   1,621,361 412,738
    JAMES FOUNDATION INVESTMENTS   517,409 1,209,818
    KAYNE ANDERSON REAL ESTATE OPP   2,715,227 3,007,340
    KAYNE SENIOR CREDIT II OFFSHOR   944,904 870,534
    KF PAGLIA-JAMES ASSOCIATES LLC   10,697,599 10,832,221
    KLD INVESTORS LLC   1,011,167 811,167
    ORCHID CHINA (CAYMAN) LP   1,500,000 1,500,000
    PALOMA INTERNATIONAL LIMITED   2,000,260 4,911,421
    RAGING CAPITAL OFFSHORE FUND   1,074,050 1,047,234
    RCG LONGVIEW II, LP   5,426 3,659
    RCR JAMES ASSOCIATES, LLC   38,681,111 55,190,295
    SCULPTOR REAL ESTATE FUND III   604,622 691,563
    SEAVEST PROPERTIES III, LLC   532,832 1,200
    SELECT EQUITY OFFSHORE   3,000,000 5,017,790
    SIERRA CAPITAL LP   45,393 31,803
    SIMCOE PARTNERS OFFSHORE LTD   3,500,000 4,220,558
    SIRE SPV LLC   20,679 20,629
    SPECIAL VALUE OPPORTUNITIES FU   433,318 8,274
    STRATEGIC PARTNERS OFFSHORE FU     519,985
    SUSTAINABLE CAPITAL AFRICA ALP   1,500,000 1,500,000
    TEMPLETON GLOBAL SUMMITS (CAYM   4,000,000 3,602,783
    TENNENBAUM SPECIAL SITUATIONS   2,021,272 2,552,185
    TT EMERGING MARKETS OPP FUND I   3,000,000 3,768,518
    VISTA CREDIT PARTNERS FUND III   315,783 403,386
    WEXFORD OFFSHORE SPECTRUM FUND   20,204 165,440
    ZAMA CAPITAL FUND LP   2,413,235 2,261,805
    ZEPHYR PEACOCK INDIA FUND II   178,290 143,303
    ZEPHYR PEACOCK INDIA FUND III   426,064 571,039

    TY 2020 OtherExpensesSchedule
    Name:
    Robert and Ardis James Foundation Inc
    EIN:
    46-3298762
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE FEES 194,269     194,269
    K-1 Exp AAVIN MEZZANINE FUND L 212,103 81,424    
    K-1 Exp APOLLO ATHENE DEDICATE 15,841 12,386    
    K-1 Exp APOLLO INFRA EQUITY FE 1,439 1,439    
    K-1 Exp APOLLO INFRA EQUITY IN 30,994 30,994    
    K-1 Exp BSCP SBIC I LP 160      
    K-1 EXP CAP INT PVT EQTY FD V 507 507    
    K-1 EXP CAP INT PVT EQTY FD VI 15,843 15,843    
    K-1 Exp CASDIN PRIVATE GROWTH 1,017 1,017    
    K-1 Exp COLUMBIA SPECTRUM PART 13,318 13,316    
    K-1 Exp CORSAIR III FINANCIAL 19,334 19,334    
    K-1 Exp CORSAIR KOREA INVESTOR 8,177 8,177    
    K-1 Exp DYSON CAPITAL SERIES F 981 981    
    K-1 Exp EAST ROCK FOCUS FUND L 642,648 642,590    
    K-1 EXP EDGE PRIN INV II LP 388 387    
    K-1 EXP EDGE PRIN INV III LP 3,594 843    
    K-1 EXP EDGE PRIN INV IV LP 93,543 93,452    
    K-1 EXP EDGE PRINCIPAL INV LP 983 983    
    K-1 Exp ENTERPRISE 299 ASSOCIA 66,064 66,064    
    K-1 EXP ENTERPR WEXFORD ASSOC 1,554 1,513    
    K-1 EXP ENTERPR WEXFORD ELEVEN 3,908 3,894    
    K-1 EXP GAIP 2019 BERMUDA AIV 3,361 3,033    
    K-1 Exp GAIP 2019 AIV B, LP 353 352    
    K-1 Exp GENERAL ATLANTIC INV P 128,849 128,849    
    K-1 Exp HARVEST MLP INCOME FUN 794,541 794,541    
    K-1 Exp HEALTH VELOCITY CAPITA 37,082 37,082    
    K-1 Exp HOUND PARTNERS CONCENT 1,427 1,427    
    K-1 Exp HOUND PARTNERS LP 3,988 3,988    
    K-1 Exp IGNIA FUND I, LP 499 499    
    K-1 Exp JAMES FOUNDATION INVES 11,768 11,768    
    K-1 Exp KAYNE ANDERSON REAL ES 18,086 18,086    
    K-1 Exp KF PAGLIA-JAMES ASSOCI 503,295 503,070    
    K-1 Exp KLD INVESTORS LLC 3,358 3,358    
    K-1 Exp RCG LONGVIEW II, LP 167 167    
    K-1 Exp RCR JAMES ASSOCIATES, 1,394,471 1,391,897    
    K-1 Exp SCULPTOR REAL ESTATE F 3,726 2,353    
    K-1 Exp SIERRA CAPITAL LP 710 710    
    K-1 Exp SPECIAL VALUE OPPORTUN 320 320    
    K-1 Exp TENNENBAUM SPECIAL SIT 50,951 49,332    
    K-1 Exp VISTA CREDIT PARTNERS 407 407    
    K-1 Exp ZAMA CAPITAL FUND LP 77,558 77,468    
    K-1 EXP ZEPHYR PEACOCK IND II 1,100 1,100    
    K-1 EXP ZEPHYR PEACOCK IND III 14,319 14,319    
    Postage/Delivery Service 675     675
    State or Local Filing Fees 25     25


    TY 2020 OtherIncomeSchedule2
    Name:
    Robert and Ardis James Foundation Inc
    EIN:
    46-3298762
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss AAVIN MEZZANINE FUND LP 277,639 277,639  
    K-1 Inc/Loss APOLLO ATHENE DEDICATED INVESTMENT PR 36,954 28,895  
    K-1 Inc/Loss APOLLO INFRA EQ FDR TE DEBT 102,474 102,474  
    K-1 Inc/Loss APOLLO INFRA EQ FR TEUP 9,882 9,882  
    K-1 Inc/Loss APOLLO INFRA EQ FDR TE LP 202,589 202,589  
    K-1 Inc/Loss APOLLO INFRA EQUITY INTL FUND LP 28,251 28,251  
    K-1 Inc/Loss BSCP SBIC I LP 19,216 19,216  
    K-1 Inc/Loss CAPITAL INT PRV EQTY FND V 149 149  
    K-1 Inc/Loss CAPITAL INT PRV EQTY FND VI 8,229 8,229  
    K-1 Inc/Loss COLUMBIA SPECTRUM PARTNERS II-A, L.P 4,674 4,674  
    K-1 Inc/Loss CORSAIR III FINANCIAL SRVCS CPTL PTNR 14,703 14,703  
    K-1 Inc/Loss CORSAIR KOREA INVESTORS LLC 25,433 25,433  
    K-1 Inc/Loss DYSON CAPITAL SERIES FUND LLC -236 -236  
    K-1 Inc/Loss EAST ROCK FOCUS FUND LP 1,090,876 1,100,009  
    K-1 Inc/Loss EDGE PRINCIPAL INV II, LP -8,037 -26,997  
    K-1 Inc/Loss EDGE PRINCIPAL INV III, LP -305,137 -62,519  
    K-1 Inc/Loss EDGE PRINCIPAL INV IV LP -89,327 -89,327  
    K-1 Inc/Loss EDGE PRINCIPAL INV, LP -21,748 -21,748  
    K-1 Inc/Loss ENTERPRISE 299 ASSOCIATES 193,501 9,746  
    K-1 Inc/Loss ENTERPRISE WEXFORD ASSOCIATES LLC -8,457 59  
    K-1 Inc/Loss ENTERPRISE WEXFORD ELEVEN LLC 168 -992  
    K-1 Inc/Loss GAIP 2019 (BERMUDA) AIV LP 849 507  
    K-1 Inc/Loss GAIP 2019 AIV B, LP 6,142 5,968  
    K-1 Inc/Loss GENERAL ATLANTIC INV PTNS 2019 LP 48 48  
    K-1 Inc/Loss HARVEST MLP INCOME FUND II LLC 111,068 110,997  
    K-1 Inc/Loss HEALTH VELOCITY CAPITAL I LP 519 519  
    K-1 Inc/Loss HOUND PARTNERS CONCENTRATED FUND, LP 4,032 3,908  
    K-1 Inc/Loss HOUND PARTNERS LP 4,601 4,283  
    K-1 Inc/Loss IGNIA FUND I, LP 33,925 33,925  
    K-1 Inc/Loss KAYNE ANDERSON REAL ESTATE OPPS DEBT 37,799 37,799  
    K-1 Inc/Loss KF PAGLIA-JAMES ASSOCIATES LLC 826,062 737,100  
    K-1 Inc/Loss RCG LONGVIEW II, LP 8 8  
    K-1 Inc/Loss RCR JAMES ASSOCIATES, LLC 813,454 880,585  
    K-1 Inc/Loss SCULPTOR REAL ESTATE FUND III LP 42,427 42,836  
    K-1 Inc/Loss SEAVEST PROPERTIES III, LLC 4,769 4  
    K-1 Inc/Loss SIERRA CAPITAL LP 196 196  
    K-1 Inc/Loss SPECIAL VALUE OPPORTUNITIES FUND, LLC 39,209 39,132  
    K-1 Inc/Loss TENNENBAUM SPECIAL SITUATIONS FUND IX 176,646 176,396  
    K-1 Inc/Loss VISTA CREDIT PARTNERS FUND III-A LP 2,954 2,954  
    K-1 Inc/Loss ZAMA CAPITAL FUND LP 71,335 84,647  
    INTEREST/DIVIDENDS FROM ALTERNATIVE INV 2,619 2,619  
    BANK CHARGE REFUNDS 220 220  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Robert and Ardis James Foundation Inc
    EIN:
    46-3298762
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE MANAGEMENT SERVICES 270,000 65,000   205,000
    Investment Management Services 307,092 307,092    


    TY 2020 TaxesSchedule
    Name:
    Robert and Ardis James Foundation Inc
    EIN:
    46-3298762
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2020 64,900      
    990-PF Extension for 2019 563,350      
    990-T Extension for 2019 61,900      
    TAX WITHHELD BY PSHIPS 6,491 6,491    
    IRS Miscellaneous Fee (990PF) 473      
    STATE INCOME TAX 2019 24,465