Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 06-01-2020 , and ending 05-31-2021
Name of foundation
BERNARD A EGAN FOUNDATION INC
 
% GREG NELSON
Number and street (or P.O. box number if mail is not delivered to street address)1900 OLD DIXIE HWY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FORT PIERCE, FL34946
A Employer identification number

65-0501660
B Telephone number (see instructions)

(772) 465-7555
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$142,749,828J 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 2,055,231 2,055,231  
4 Dividends and interest from securities... 1,225,483 1,223,173  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,356,573
b Gross sales price for all assets on line 6a 41,628,332
7 Capital gain net income (from Part IV, line 2)... 3,483,848
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 335,359 336,557  
12 Total. Add lines 1 through 11........ 6,972,646 7,098,809  
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)....... Click to see attachment 18,141 9,070 0 9,071
c Other professional fees (attach schedule).... Click to see attachment 245,939 212,466   33,473
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 52,439 6,403   208
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 498,800 498,299   499
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 815,319 726,238 0 43,251
25 Contributions, gifts, grants paid....... 6,483,175 6,483,175
26 Total expenses and disbursements. Add lines 24 and 25 7,298,494 726,238 0 6,526,426
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -325,848
b Net investment income (if negative, enter -0-) 6,372,571
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......... 5,614,006 13,959,987 13,959,987
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet4,271,309
Less: allowance for doubtful accounts bullet   6,157,326 Click to see attachment4,271,309 4,271,309
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)....... 49,546,676 Click to see attachment44,889,462 64,372,360
c Investments—corporate bonds (attach schedule)....... 29,904,137 Click to see attachment30,983,828 32,554,184
11 Investments—land, buildings, and equipment: basis bullet568,215
Less: accumulated depreciation (attach schedule) bullet   1,688,149 Click to see attachment568,215 568,215
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 23,797,253 Click to see attachment19,338,896 26,964,719
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment60,818 Click to see attachment59,054 Click to see attachment59,054
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 116,768,365 114,070,751 142,749,828
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 116,768,365 114,070,751
29 Total net assets or fund balances (see instructions)..... 116,768,365 114,070,751
30 Total liabilities and net assets/fund balances (see instructions). 116,768,365 114,070,751
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
116,768,365
2
Enter amount from Part I, line 27a .....................
2
-325,848
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
116,442,517
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,371,766
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
114,070,751
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 K-1 PASSTHROUGH ST CAPITAL LOSS      
b K-1 PASSTHROUGH LT CAPITAL GAIN      
c MERRILL LYNCH #7088      
d MERRILL LYNCH #7088      
e TRUIST FKA SUNTRUST #3983      
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     1,058 -1,058
b 178,227     178,227
c 4,441,989   3,636,199 805,790
d 19,015,919   16,804,791 2,211,128
e 17,939,839   17,524,209 415,630
      52,358
      52,358
      52,358
      52,358
      52,358
      52,358
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       -1,058
b       178,227
c       805,790
d       2,211,128
e       415,630
       
       
       
       
       
       
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 3,483,848
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 88,579
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 88,579
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 88,579
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 47,568
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 90,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 137,568
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 767
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 48,222
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet48,222 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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
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.
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)
    bulletFL
    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 ofbulletGREG NELSON Telephone no.bullet (772) 465-7555

    Located atbullet1900 OLD DIXIE HIGHWAYFORT PIERCEFL ZIP+4bullet34946
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    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).
    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
    BERNADETTE M EMERICK TRUSTEE/PRESIDENT
    10.0     		0 0 0
    465 12TH SE PLACE
    VERO BEACH,FL32962
    JEAN JACQUES GILET TRUSTEE/VICE PRESIDENT
    1.0     		0 0 0
    4872 S HARBOR DRIVE
    VERO BEACH,FL32967
    GREGORY P NELSON TRUSTEE/SECRETARY-TREASURER
    4.0     		0 0 0
    1806 OCEAN DRIVE
    VERO BEACH,FL32963
    MARY R SHINN TRUSTEE/ASSISTANT SECRETARY
    2.0     		0 0 0
    2570 SUNNY SLOPES DRIVE
    PARK CITY,UT84060
    CATHERINE M ROHM TRUSTEE/ASSISTANT TREASURER
    1.0     		0 0 0
    2627 N INDIAN RIVER DRIVE
    FORT PIERCE,FL34946
    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
    TRUIST FKA SUNTRUST BANK INVESTMENT MGMT. 408,458
    PO BOX 1908
    ORLANDO,FL328021908
    BERNARD EGAN & COMPANY ADMIN SERVICES 241,439
    1900 OLD DIXIE HIGHWAY
    FORT PIERCE,FL34946
    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
    116,766,693
    b
    Average of monthly cash balances.......................
    1b
    19,948,957
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,477,744
    d
    Total (add lines 1a, b, and c).........................
    1d
    141,193,394
    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
    141,193,394
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,117,901
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    139,075,493
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,953,775
    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
    6,953,775
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    88,579
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    88,579
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,865,196
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    6,865,196
    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
    6,865,196
    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
    6,526,426
    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
    6,526,426
    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
    6,526,426
    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 6,865,196
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 6,524,444
    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......  
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 6,526,426
    a Applied to 2019, but not more than line 2a 6,524,444
    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..... 1,982
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (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 0
    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 ..........     		6,863,214
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    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
    A Caring Center for Women
    1986 31st Ave Ste 100
    Vero Beach,FL32960     		N/A PC Sponsorship, General Support 22,500
    A E Bean Backus Museum and Gallery
    500 North Indian River Dr
    Fort Pierce,FL34950     		N/A PC For 4th Grade Education Program and School Partner Partnerships 5,000
    Adorer Missionary Sisters of the Poor
    PO Box 19895
    West Palm Beach,FL33416     		N/A PC Orphanage Operations, Tanzania Children's educati education, Chapel 175,000
    Alzheimers and Parkinson Assoc of Indian River Cnt
    2300 5th Avenue Ste 150
    Vero Beach,FL32960     		N/A PC General Support 9,000
    Alzheimers Community Care
    800 Northpoint Pkwy
    Suite 101-B
    W Palm Beach,FL33407     		N/A PC St. Peter Lutheran Church Facility in Ft. Pierce 9,000
    American Cancer Society
    3375 20th St 100
    Vero Beach,FL32960     		N/A PC Hope Gala, Relay for Life 29,000
    American Cancer Society
    621 Clearwater Park Rd
    W Palm Beach,FL33401     		N/A PC General Support - Jacksonville 15,000
    American Heart Association
    11207 Blue Heron Blvd N
    St Petersburg,FL337163721     		N/A PC CPR education in Treasure Coast Area 50,000
    American Red Cross
    1250 Northpoint Pkwy
    W Palm Beach,FL33407     		N/A PC Disaster Relief 20,000
    Apostoli Vitae
    412 SE Edgewood Dr
    Stuart,FL34996     		N/A PC Logan Amster, Sacred Windows 12,500
    Big Brother Big Sister of SLC
    403 N US Hwy 1
    Fort Pierce,FL34950     		N/A PC General Support 4,500
    Boys and Girls Club of IRC
    1729 17th Ave
    Vero Beach,FL32960     		N/A PC General Support, COVID Relief 55,000
    Boys and Girls Club of SLC
    3104 Avenue J
    Fort Pierce,FL34947     		N/A PC General Support, COVID Relief 55,000
    Bureau of Catholic Indian Missions
    2021 H Street NW
    Washington,DC20006     		N/A PC American Indian Education & Assistance 90,000
    Camp Haven Inc
    3256 US Hwy 1
    Vero Beach,FL32960     		N/A PC Solitaire Sponsor 15,000
    CAMP HOBE INCORPORATED
    PO Box 520755
    Salt Lake City,UT841520755     		N/A PC Contribution 15,000
    Capital Research Center
    PO Box 98239
    Washington,DC200777478     		N/A PC GENERAL SUPPORT 50,000
    Catholic Charities USA
    PO Box 17066
    Baltimore,MD212971066     		N/A PC USA relief services 16,000
    Catholic Communication Campaign
    PO Box 96278
    Washington,DC200906278     		N/A PC GENERAL SUPPORT 4,000
    Catholic Men for Jesus Christ of Florida
    1605 Majorca Place
    Vero Beach,FL32967     		N/A PC Annual Event 6,000
    Childcare Resources of Indian River
    2300 5th Ave 149
    Vero Beach,FL32960     		N/A PC General Operations 84,000
    Children's Home Society of Florida
    650 10th St
    Vero Beach,FL32960     		N/A PC Homeless Assistance 94,000
    Citrus Hall of Fame of Florida Inc
    PO Box 1576
    Bartow,FL338311576     		N/A PC Educational outreach 750
    Cleveland Clinic Indian River Foundation
    1000 36th Street
    Vero Beach,FL32960     		N/A PC Pay it Forward Program 350,000
    Colorado State University Foundation
    1101 Campus Delivery
    Fort Collins,CO805231101     		N/A PC Michael J. Egan Memorial Scholarship Endowment Support 10,000
    Community Foundation of Martin St Lucie
    4075 Virginia Ave
    Fort Pierce,FL34981     		N/A PC Lighthouse Fund, Scholarship Fund 17,500
    Dasie Bridgewater Hope Center Inc
    8445 64th Ave
    Wabasso,FL32970     		N/A PC Youth Mentoring 3,500
    Diocese of Palm Beach
    P O Box 109650
    Palm Beach Gardens,FL334109650     		N/A PC Catholic charities 8,000
    Discalced Carmelites of Manjummel Inc
    345 S Military Trail
    W Palm Beach,FL33415     		N/A PC Carmelite Prayer House, Seminary in India 10,000
    Discovering Amistad
    129 Church Street 521
    New Haven,CT06510     		N/A PC General Support 15,000
    Divine Mercy Communications Inc
    2020 Eau Gallie Blvd 103
    Melbourne,FL32935     		N/A PC Radio Expansion Project 12,000
    Early Learning Coalition
    10 SE Central Parkway 200
    Stuart,FL34994     		N/A PC General Support 8,000
    Environmental Learning Center
    255 Live Oak Drive
    Vero Beach,FL32963     		N/A PC ELC Plank Program 1,000
    Equestrian Order of the Holy Sepulchre of Jerusale
    2955 Ridgelake Drive 205
    Metairie,LA70002     		N/A PC Aid & Assistance to Christians in Holy Land 7,000
    Exchange Club of Indian River Foundation Inc
    PO Box 93
    Vero Beach,FL329610093     		N/A PC Prevention of Child Abuse 4,000
    Executive Roundtable of Indian River County
    PO Box 5054
    Vero Beach,FL32960     		N/A PC Sponsorship 2,500
    Florida Chamber of Commerce Foundation Inc
    136 S Bronough St
    Tallahassere,FL323017706     		N/A PC General Support 1,000
    Florida Remembered Society Inc
    1900 Old Dixie Hwy
    Ft Pierce,FL34946     		N/A PC General Support 35,000
    FL Research Center for Agricultural Sustainability
    7055 33rd Street
    Vero Beach,FL32966     		N/A PC Research Funding 20,000
    Florida Southern College Advancement Office
    111 Lake Hollingsworth Dr
    Lakeland,FL338015698     		N/A PC FCHOF Fellowship Program 500
    Florida Specialty Crop Foundation
    PO Box 948153
    Maitland,FL327948153     		N/A PC General Support 4,500
    Florida's Natural Growers Foundation Inc
    20205 US Highway 27
    Lake Wales,FL338533080     		N/A PC Community programs 1,500
    Fellowship of Catholic University Students
    PO Box 17408
    Denver,CO80217     		N/A PC General Support 50,000
    Franciscan University of Steubenville
    1235 University Blvd
    Steubenville,OH439521792     		N/A PC Bernard A. Egan Endowed Scholarship 10,000
    Friends of Harbor Branch
    5600 US 1 N
    Ft Pierce,FL34946     		N/A PC Cancer research program 5,000
    FSU Foundation- FSU College of Medicine
    2498 S 35th St
    Ft Pierce,FL349815573     		N/A PC Scholarships, Ft. Pierce Campus 10,000
    Gifford Youth Achievement Center
    4875 43rd Ave
    Vero Beach,FL32967     		N/A PC Sponsorship, General Support 27,500
    Haiti Clinic Inc
    865 37th Place
    Vero Beach,FL32960     		N/A PC General Contribution 23,000
    UP Indian River Cnty and UP St Lucie Cnty
    2050 40th Ave 9
    Vero Beach,FL32960     		N/A PC IRC COVID Relief 15,000
    Heritage Foundation
    214 Massachusetts Ave NE
    Washington,DC200907057     		N/A PC Young Leaders Program 50,000
    Hibiscus Children's Center
    PO Box 1742
    Vero Beach,FL329619904     		N/A PC Annual Support & Counseling & Shelter 20,000
    Holy Cross Catholic Church
    2605 Highway A1A
    Vero Beach,FL32963     		N/A PC General Support 10,000
    Holy Cross Catholic Church (Indiantown)
    PO Box 999
    Indiantown,FL34956     		N/A PC Catholic Church 8,000
    Holy Family Church
    2330 SE Mariposa Ave
    Pt St Lucie,FL34952     		N/A PC Fr. Tri's Mission Co-ops 37,000
    Hope for Leogane
    1701 indian Creek Pkwy
    Jupiter,FL33458     		N/A PC Fr. Jean's Haitian Mission 18,000
    Hundred Club of Indian River County Inc
    PO Box 1183
    Vero Beach,FL32961     		N/A PC Corp Membership Donation 500
    International Cancer Advocacy Network
    27 W Morten Ave
    Phoenix,AZ850217246     		N/A PC Jack Shinn Program For The EXON 20 Group 75,000
    Indian River Community Foundation
    PO Box 643968
    Vero Beach,FL329643968     		N/A PC GENERAL SUPPORT 20,000
    Indian River County Healthy Start Coalition
    1555 Indian River Blvd
    Suite B241
    Vero Beach,FL32960     		N/A PC GENERAL SUPPORT 14,000
    Indian River County Medical Society Fdn Inc
    PO Box 573
    Vero Beach,FL32961     		N/A PC We Care Clinic 38,000
    Indian River Habitat for Humanity
    4568 N US Highway 1
    Vero Beach,FL32967     		N/A PC Fellsmere 15,000
    Int'l Waldenstroms Macroglobulinemia Fdn
    6144 Clark Center Ave
    Sarasota,FL34238     		N/A PC Donation - In Mem. Eliz. M Egan 5,000
    John Carroll Catholic High School
    3402 Delaware Avenue
    Ft Pierce,FL34947     		N/A PC Education, Tuition Assistance, Athletics 117,000
    John Carroll Educational Foundation Inc
    311 S Second St
    Ft Pierce,FL34954     		N/A PC Restricted Use Endowment 23,000
    Knights of Columbus Charities Inc
    PO Box 1966
    New Haven,CT06509     		N/A PC Scholarships, Vocation to Priesthood, Culture of L Life, United in Charity, Disaster & Refugee Relief 347,500
    Knights of Columbus Council 5629
    2300 Ind Creek Blvd W
    Suite C 110
    Vero Beach,FL32966     		N/A PC Citizens with Disabilities Drive 7,000
    Leadership Institute
    1101 N Highland St
    Arlington,VA22201     		N/A PC GENERAL SUPPORT 50,000
    Learn to Read of St Lucie County
    811 Delaware Avenue
    Ft Pierce,FL34950     		N/A PC Programs 37,000
    Legionaries of Christ Seminary
    505 W White Pine Canyon Rd
    Park City,UT84060     		N/A PC Seminary Scholarships 143,500
    Leukemia & Lymphoma Society
    3230 Commerce Pl Ste B
    W Palm Beach,FL33407     		N/A PC Local Services Indian River & St. Lucie Counties 5,300
    Literacy Services of Indian River County Inc
    1600 21st Street
    Vero Beach,FL32960     		N/A PC GENERAL SUPPORT 3,000
    Little Birthday Angels Inc
    2600 12th Square SW
    Vero Beach,FL329685006     		N/A PC GENERAL SUPPORT 15,000
    Mary's Home of the Treasure Coast
    PO Box 958
    Stuart,FL34995     		N/A PC Housing for Pregnant women 15,000
    Marywood University
    2300 Adams Ave
    Scranton,PA18509     		N/A PC Michael J. Egan Scholarship (Endowment Support) 11,000
    Mayo Clinic
    4500 San Pablo Rd
    Jacksonville,FL32224     		N/A PC Carbon Ion Therapy 110,000
    McKee Botanical Garden
    350 US Highway 1
    Vero Beach,FL32962     		N/A PC Children's Garden 2,000
    Mental Health Association in Indian River County
    820 37th Place
    Vero Beach,FL32960     		N/A PC General Support, Endowment Fund 15,000
    Miravia
    PO Box 11499
    Charlotte,NC282201400     		N/A PC Belmont Abbey College Housing for Pregnant College College Students (Operating) 18,000
    Pet Alliance of Greater Orlando
    2727 Conroy Rd
    Orlando,FL32839     		N/A PC Memorial of John Fleming 250
    The Leadership Institute
    1101 N Highland St
    Arlington,VA22201     		N/A PC General Support 500
    St Jude's Research
    3750 NW 87th Ave 100
    Doral,FL33178     		N/A PC General Support 200
    Cato Institute
    1000 Massachusetts Ave NW
    Washington,DC20001     		N/A PC General Support 200
    McIntire Botanical Garden
    200 Garrett St
    Charlottesville,VA22902     		N/A PC General Support 250
    Arbor Day Foundation
    211 N 12th St
    Lincoln,NE68508     		N/A PC General Support 250
    Surfrider Foundation
    601 S College Rd
    Wilmington,NC28403     		N/A PC Memorial of Michael Wandell 500
    Victory Ridge Charitable Fund
    501 Burns Ave
    Lake Wales,FL338533335     		N/A PC Clay Shoot 500
    GCGA Scholarship Foundation
    9200 Montgomery Rd 24B
    Cincinnati,OH45242     		N/A PC General Support 500
    Americah Heart Association
    7272 Greenville Ave
    Dallas,TX75231     		N/A PC Memorial of Barb Robey 175
    Capital Research Center
    1513 16th St NW
    Washington,DC20036     		N/A PC General Support 300
    St Jude's Children's Research Hospital
    262 Danny Thomas Pl
    Memphis,TN38105     		N/A PC General Support 200
    Diamond Booster Club
    PO Box 643214
    Vero Beach,FL32964     		N/A PC General Support 300
    The Heritage Foundation
    214 Massachusetts Ave NE
    Washington,DC20002     		N/A PC General Support 200
    Boys & Girls Club of Fellsmere
    21 S Cypress St
    Fellsmere,FL32948     		N/A PC General Support 100
    MMRF Team for Cures 5K
    383 Main Ave FL 5
    Norwalk,CT06851     		N/A PC General Support 3,000
    FL Cattlemen's Foundation
    800 Shakerag Rd
    Kissimmee,FL34742     		N/A PC Memorial of Hildie Anne Tripson 200
    The Colonial Williamsburg Foundation
    101 Visitor Center Dr
    Williamsburg,VA23185     		N/A PC General Support 500
    Florida Bulldog
    PO Box 23763
    Ft Lauderdale,FL33307     		N/A PC General Support 500
    His Way at Work
    1790 Dewberry Rd
    Spartanburg,SC29307     		N/A PC General Support 500
    Missionary Flights International
    3170 Airmans Dr
    Ft Pierce,FL34946     		N/A PC General Support 25,000
    Mortales Incorporated
    300 North End Ave Apt 6L
    New York,NY102820000     		N/A PC General Support 15,000
    Mother Theresa Catholic Education Foundation Inc
    3420 Cardinal Dr 200
    Vero Beach,FL32963     		N/A PC General Support 100,000
    Nathaniel's Hope Inc
    5210 S Orange Ave
    Orlando,FL32809     		N/A PC Buddy Break Program 15,000
    National Navy UDT-Seal Museum and Memorial
    3300 N Highway A1A
    Ft Pierce,FL349498520     		N/A PC General Support 850
    New Horizons
    4500 W Midway Rd
    Ft Pierce,FL34981     		N/A PC 4 Our Kids/Children mental Health 6,000
    Notre Dame Catholic Mission
    217 N US Hwy 1
    Ft Pierce,FL34950     		N/A PC Sponsorship, Operations 22,000
    Ocean Research and Conservation Association (ORCA)
    1420 Seaway Drive
    Ft Pierce,FL34949     		N/A PC Education Programs 15,000
    Open Hearts Art Center
    217 Coxe Ave
    Asheville,NC28801     		N/A PC COVID Assistance, General Support 117,000
    Operation Hope
    12285 Co Rd 512
    Fellsmere,FL32948     		N/A PC COVID Relief, Truck Purchase, Christmas 24,000
    Our Lady of Guadalupe
    PO Box 9
    Fellsmere,FL32948     		N/A PC Christian Education & Assist. 90,000
    Pacific Legal Foundation
    930 G Street
    Sacramento,CA95814     		N/A PC General Support 30,000
    Paulist Fathers
    1225 20th Avenue
    Vero Beach,FL32960     		N/A PC Local Retired Priests, Building Repairs 30,000
    Prager University Foundation
    15021 Ventura Blvd 552
    Sherman Oaks,CA91403     		N/A PC General Support 3,500
    Redlands Christian Migrants Association
    402 W Main St
    Immokalee,FL341423933     		N/A PC Education 45,000
    Ryan Center for Young Children
    2330 SE Mariposa Ave
    Pt St Lucie,FL34952     		N/A PC Early Child Education 50,000
    Samaritan Center
    3650 41st St
    Vero Beach,FL32967     		N/A PC Sponsorships, Homeless Shelter Operations 229,250
    San Juan Diego Pastoral Center
    401 S 30th St
    Ft Pierce,FL34947     		N/A PC Operations 35,000
    Sarah's Kitchen of the Treasure Coast Inc
    295 NW Prima Vista Blvd
    Pt St Lucie,FL34983     		N/A PC General Operations 5,000
    Scholarship Foundation of Indian River County
    PO Box 1820
    Vero Beach,FL32961     		N/A PC Scholarship, General Support 7,600
    Senior Resource Association
    694 14th St
    Vero Beach,FL32960     		N/A PC COVID Relief, Memorial 202,000
    Special Equestrians of the Treasure Coast (SETC)
    PO Box 651312
    Vero Beach,FL32965     		N/A PC Renovations, Sponsorship, Scholarship Fund 48,500
    Spring Hill College
    4000 Dauphin St
    Mobile,AL36608     		N/A PC Education - (J.B. Egan) Scholarship Fund 10,000
    St Anastasia School Endowment Inc
    401 S 33rd St
    Ft Pierce,FL34947     		N/A PC Betty and Bernard Egan " Bear Good Fruit" Scholarship 50,000
    St Anastasia Catholic Church
    407 S 33rd St
    Ft Pierce,FL34947     		N/A PC General Support 58,000
    St Anastasia Catholic School
    401 S 33rd St
    Ft Pierce,FL34947     		N/A PC Education, Tuition Assistance 119,000
    St Baldrick's Foundation
    1333 S Mayflower Ave
    Suite 400
    Monrovia,CA91016     		N/A PC GENERAL SUPPORT 2,000
    St Bernadette Catholic Church
    350 NW California Blvd
    Pt St Lucie,FL34986     		N/A PC Tuition Assistance - JCHS 3,000
    St Francis Manor of Vero Beach
    1750 20th Ave
    Vero Beach,FL32960     		N/A PC General Support 40,000
    St Helen Catholic Church
    PO Box 2927
    Vero Beach,FL32961     		N/A PC General Support, DSA, Tuition Assistance, Vocation Vocation Ministry 172,000
    St Helen Catholic School
    2025 20th Ave
    Vero Beach,FL32960     		N/A PC Sponsorship, Renovations, Education, Tuition ASSISTANCE 211,000
    St John of the Cross Catholic Church
    7590 26th St
    Vero Beach,FL32966     		N/A PC GENERAL SUPPORT 18,000
    St John Vianney College Seminary
    2900 SW 87th Ave
    Miami,FL33165     		N/A PC Seminarian tuition 10,000
    St Lucie County Hundred Club
    4700 W Midway Rd
    Ft Pierce,FL34981     		N/A PC Corporate Membership/Donation 500
    St Lucie Habitat for Humanity Inc
    702 South 6th St
    Ft Pierce,FL34950     		N/A PC Neighborhood Revitalization 25,000
    St Mark the Evangelist Catholic Church
    1924 Zephyr Ave
    Ft Pierce,FL34982     		N/A PC General Support, Scholarships 52,000
    St Mary of the Assumption Catholic Church
    1505 W White Pine Canyon Rd
    Park City,UT84060     		N/A PC COVID Relief 15,000
    St Mary's Gabriel Project
    1505 W White Pine Canyon Rd
    Park City,UT84060     		N/A PC Childcare Assistance 11,000
    St Vincent de Paul Regional Seminary
    10701 S Military Trail
    Boynton Beach,FL33436     		N/A PC Contribution - Operations 10,000
    St Vincent de Paul Society
    1745 14th Avenue
    Vero Beach,FL32960     		N/A PC Operations 33,000
    St Vincent de Paul Vero Beach
    5480 85th St
    Vero Beach,FL329675544     		N/A PC Operations 33,000
    Substance Awareness Center
    1507 20th Street
    Vero Beach,FL32960     		N/A PC Lilfeskills Education, Housing 39,000
    Sunshine Physical Therapy Clinic
    1705 17th Ave
    Vero Beach,FL32960     		N/A PC November Event Sponsor 15,000
    The Arc of Indian River County
    1375 16th Avenue
    Vero Beach,FL32960     		N/A PC Sarah's House, Covid Relief, General Support 117,000
    The ARC of St Lucie County
    PO Box 1016
    Ft Pierce,FL349541016     		N/A PC Platinum Sponsor - Walkathon 7,000
    The Buggy Bunch
    PO Box 1154
    Vero Beach,FL329611154     		N/A PC Pedge fulfullment, Learning Lab 15,000
    The Fdn for the Kiwanis Club of Vero Treas Coast
    PO Box 6381
    Vero Beach,FL32961     		N/A PC General Support, Event Funding 3,500
    The Francis Dinh Blake Foundation Inc
    534 Clayton St
    Orlando,FL32805     		N/A PC General Support 5,000
    The Hope for Families Center
    720 4th St
    Vero Beach,FL32962     		N/A PC COVID Relief, Homeless Shelter 64,000
    The Leukemia & Lymphoma Society
    PO Box 224448
    New York,NY100872448     		N/A PC Light the Night - Frosch NPB team 4,000
    The Sisters of St Joseph of St Augustine
    PO Box 3506
    St Augustine,FL32085     		N/A PC $8K Retirement Fund, 10K one time dining room reno 18,000
    I AM MINISTRIES INC DBA The Source
    1965 42nd Ave
    Vero Beach,FL32960     		N/A PC Budget Assistance, Dignity Village, Food Truck 122,500
    I AM MINISTRIES INC DBA The Source
    1965 42nd Ave
    Vero Beach,FL32960     		N/A PC Dignity Village (Land) 600,000
    Treasure Coast Homeless Services Council Inc
    2525 STLUCIE AVENUE
    Vero Beach,FL32960     		N/A PC $5K Naomi's House $60K Adam's Place 65,000
    Trinity Missions
    9001 New Hampshire Ave
    Silver Spring,MD209033626     		N/A PC Seminary 5,000
    Tunnel to Towers Foundation
    2361 Hylan Boulevard
    Staten Island,NY10306     		N/A PC Fall event 2,500
    United Against Poverty
    2050 40th Ave 9
    Vero Beach,FL32960     		N/A PC SLC & IRC COVID Relief. Sponsorship 401,500
    United Way of Indian River Co
    PO Box 1960
    Vero Beach,FL329611960     		N/A PC 2020-21 Annual Campaign, Sponsorship 36,000
    United Way of St Lucie Co
    4800 S US 1
    Ft Pierce,FL34982     		N/A PC 2020-21 Annual Campaign Agriculture 37,000
    Vero Beach Rowing Inc
    PO Box 643063
    Vero Beach,FL32964     		N/A PC Ergathon, General Support 51,500
    Vero Heritage Inc
    PO Box 303
    Vero Beach,FL329610303     		N/A PC Masks, General Support 1,500
    Veterans Council of Indian River County
    P O Box 1354
    Vero Beach,FL32961     		N/A PC Sponsorship 2,500
    Visiting Nurse Association & Hospice Fdn
    1110 35th Lane
    Vero Beach,FL32960     		N/A PC Local Services, Various Memorials 20,800
    Women's Refuge of Vero Beach
    1850 Lemon Ave
    Vero Beach,FL32960     		N/A PC Sponsorship 10,000
    Xavier High School
    30 W 16th St
    New York,NY10114     		N/A PC Education/Scholarships 95,000
    Youth Guidance Donation Fund of Indian River Count
    1028 20th Pl
    Vero Beach,FL32960     		N/A PC General Support, COVID/Summer Programs 13,000
    Youth on a Mission
    PO Box 2927
    Vero Beach,FL32961     		N/A PC General Support 15,000
    Youth Sailing Foundation of Indian River County
    PO Box 612
    Vero Beach,FL329600612     		N/A PC General Support 2,000
    Total .................................bullet 3a 6,483,175
    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 2,055,231  
    4 Dividends and interest from securities.... 523000 2,369 14 1,223,173  
    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.....     18 336,483  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 3,356,573  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aSCH K-1 ORDINARY LOSS     		523000 -1,183      
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 1,186 6,971,460  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    6,972,646
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    BERNARD A EGAN FOUNDATION INC
    EIN:
    65-0501660
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 18,141 9,070   9,071

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    TY 2020 DepreciationSchedule
    Name:
    BERNARD A EGAN FOUNDATION INC
    EIN:
    65-0501660
    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
    EGAN RANCH LAND   1,119,934   L          
    EGAN RANCH LAND   568,215   L          

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    TY 2020 ExpenditureResponsibilityStmt
    Name:
    BERNARD A EGAN FOUNDATION INC
    EIN:
    65-0501660
    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 FRANCIS DINH BLAKE FOUNDATION INC
          		534 CLAYTON STREET
    ORLANDO,FL32805     		2021-05-22 5,000 GENERAL SUPPORT 5,000 NO CURRENTLY AWAITING FROM FOUNDATION   SUPPORT WAS PROVIDED TO THE FRANCIS DINH BLAKE FOUNDATION FOR THEIR WORK IN HELPING DISADVANTAGED CHILDREN AND THEIR FAMILIES ON BABIES BORN WITH CONGENITAL HEART DISEASE.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    BERNARD A EGAN FOUNDATION INC
    EIN:
    65-0501660
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MERRILL LYNCH - BONDS 4,512,319 5,022,035
    GENSPRING - BONDS 26,471,509 27,532,149

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    BERNARD A EGAN FOUNDATION INC
    EIN:
    65-0501660
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MERRILL LYNCH #1- EQUITIES 23,580,585 35,720,722
    MERRILL LYNCH #2 - EQUITIES 2,423,648 2,842,612
    MERRILL LYNCH #2- MUTUAL FUNDS 2,659,188 2,642,423
    GENSPRING - EQUITIES 16,226,041 23,166,603

    TY 2020 InvestmentsLandSchedule2
    Name:
    BERNARD A EGAN FOUNDATION INC
    EIN:
    65-0501660
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    EGAN RANCH LAND        
    EGAN RANCH LAND 568,215   568,215  

    TY 2020 InvestmentsOtherSchedule2
    Name:
    BERNARD A EGAN FOUNDATION INC
    EIN:
    65-0501660
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GENSPRING - OTHER INVESTMENTS   17,394,631 25,049,510
    INVESTMENT IN CCA BLACK   849,504 849,504
    INVESTMENT IN BAE CAPITAL   45,844 45,844
    ACAP STRATEGIC FUND   1,048,917 1,019,861

    TY 2020 OtherAssetsSchedule
    Name:
    BERNARD A EGAN FOUNDATION INC
    EIN:
    65-0501660
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED BOND INTEREST 60,818 59,054 59,054


    TY 2020 OtherDecreasesSchedule
    Name:
    BERNARD A EGAN FOUNDATION INC
    EIN:
    65-0501660
    Description Amount
    BOOK TO TAX VARIANCE 2,371,766


    TY 2020 OtherExpensesSchedule
    Name:
    BERNARD A EGAN FOUNDATION INC
    EIN:
    65-0501660
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT EXPENSES 419,395 419,395    
    K-1 PORTFOLIO DEDUCTIONS 74,635 74,635    
    K-1 ROYALTY DEDUCTIONS 4,269 4,269    
    BANK CHARGES 384     384
    DUES & SUBSCRIPTIONS 115     115
    K-1 NONDEDUCTIBLE EXPENSES 2      


    TY 2020 OtherIncomeSchedule2
    Name:
    BERNARD A EGAN FOUNDATION INC
    EIN:
    65-0501660
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 ORDINARY INCOME 331,912 333,095  
    NONTAXABLE INTEREST INCOME 1,910 1,910  
    K-1 ROYALTIES 1,098 1,098  
    K-1 OTHER INCOME 248 263  
    MISCELLANEOUS INCOME 205 205  
    K-1 RENTAL INCOME -14 -14  


    TY 2020 OtherIncreasesSchedule
    Name:
    BERNARD A EGAN FOUNDATION INC
    EIN:
    65-0501660
    Description Amount
    BOOK TO TAX VARIANCE 0


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    TY 2020 OtherNotesLoansRcvblLongSch
    Name:
    BERNARD A EGAN FOUNDATION INC
    EIN:
    65-0501660

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    INV IN NEOTHERMA ONCOLOGY   1,200,000 1,845,809 2018-08     0 %        
    5138 W SAN JOSE LLC   2,425,500 2,425,500 2020-07     10 % CERTAIN PROPERTY LOCATED IN HILLSBOROGH COUNTY, FL      
    120 ADALIA AVENUE LLC   2,400,000 0 2019-02 2020-07   10 %        
    5180 W HOMER AVE   2,350,000 0 2019-12 2020-08   10 % CERTAIN PROPERTY LOCATED IN HILLSBOROGH COUNTY, FL      

    TY 2020 OtherProfessionalFeesSchedule
    Name:
    BERNARD A EGAN FOUNDATION INC
    EIN:
    65-0501660
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE FEES 241,439 212,466   28,973
    CONSULTING FEES 4,500     4,500


    TY 2020 TaxesSchedule
    Name:
    BERNARD A EGAN FOUNDATION INC
    EIN:
    65-0501660
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL INCOME TAX 45,828      
    FOREIGN TAXES 6,108 6,108    
    OTHER TAXES 503 295   208