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 12-01-2020 , and ending 11-30-2021
Name of foundation
The Talbott Family Foundation
 
% 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

77-0389983
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$8,720,671J 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) 11,300
2 Check bullet.............
3 Interest on savings and temporary cash investments 102 102  
4 Dividends and interest from securities... 106,017 106,017  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 89,758
b Gross sales price for all assets on line 6a 746,812
7 Capital gain net income (from Part IV, line 2)... 101,058
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 26,118   26,118
12 Total. Add lines 1 through 11........ 233,295 207,177 26,118
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)......... Click to see attachment 951 0 0 951
b Accounting fees (attach schedule)....... Click to see attachment 41,776 0 0 41,776
c Other professional fees (attach schedule).... Click to see attachment 73,267 40,185   33,082
17 Interest............... 27,490   27,490  
18 Taxes (attach schedule) (see instructions)... Click to see attachment 48,826     817
19 Depreciation (attach schedule) and depletion... Click to see attachment 32,729   0
20 Occupancy.............. 42,386     42,386
21 Travel, conferences, and meetings....... 47     47
22 Printing and publications.......... 329     329
23 Other expenses (attach schedule)....... Click to see attachment 83,109 1,171   81,938
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 350,910 41,356 27,490 201,326
25 Contributions, gifts, grants paid....... 40,600 40,600
26 Total expenses and disbursements. Add lines 24 and 25 391,510 41,356 27,490 241,926
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -158,215
b Net investment income (if negative, enter -0-) 165,821
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......... 588,957 181,869 181,869
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,445,848 Click to see attachment2,958,245 4,693,917
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)..........      
14 Land, buildings, and equipment: basis bullet1,650,775
Less: accumulated depreciation (attach schedule) bullet171,815 1,511,689 Click to see attachment1,478,960 2,118,590
15 Other assets (describe bullet) Click to see attachment1,729,311 Click to see attachment1,720,811 Click to see attachment1,726,295
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,275,805 6,339,885 8,720,671
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   Click to see attachment5,580
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)   Click to see attachment1,373,194
23 Total liabilities (add lines 17 through 22)......... 0 1,378,774
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 5,119,326 4,961,111
29 Total net assets or fund balances (see instructions)..... 5,119,326 4,961,111
30 Total liabilities and net assets/fund balances (see instructions). 5,119,326 6,339,885
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
5,119,326
2
Enter amount from Part I, line 27a .....................
2
-158,215
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
4,961,111
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
4,961,111
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 1971 YAMAHA DT250 D 2020-12-01 2021-01-25
c 1972 MOTO GUZZI ELDORADO D 2020-12-01 2021-01-25
d 1972 BMW R75 D 2018-07-23 2021-09-30
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 724,512   628,624 95,888
b 4,800   480 4,320
c 6,500   650 5,850
d 11,000   16,000 -5,000
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       95,888
b       4,320
c       5,850
d       -5,000
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 101,058
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 2,305
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 2,305
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 2,305
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,400
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,900
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 1
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 406
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    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 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
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Robert S Talbott Pres, Chair
    20.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Vivienne Talbott 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
     
    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 MOTORCYCLE MUSEUM - THE FOUNDATION OPERATES A MOTORCYCLE MUSEUM FOR PUBLIC ENJOYMENT. 117,062
    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
    4,184,196
    b
    Average of monthly cash balances.......................
    1b
    404,886
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,589,082
    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
    4,589,082
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    68,836
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,520,246
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    226,012
    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
    226,012
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,305
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,305
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    223,707
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    223,707
    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
    223,707
    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
    241,926
    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
    7,500
    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
    249,426
    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
    249,426
    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 7 223,707
    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...... 269,142
    b From 2016...... 128,878
    c From 2017...... 93,438
    d From 2018...... 180,665
    e From 2019...... 57,762
    fTotal of lines 3a through e........ 729,885
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 249,426
    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..... 223,707
    e Remaining amount distributed out of corpus 25,719
    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 5 755,604
    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) ...     		269,142
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		486,462
    10 Analysis of line 9:
    a Excess from 2016.... 128,878
    b Excess from 2017.... 93,438
    c Excess from 2018.... 180,665
    d Excess from 2019.... 57,762
    e Excess from 2020.... 25,719
    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 S Talbott
    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
    CARMEL VALLEY VILLAGE IMPROVEMENT COMMITTEE
    PO BOX 2001
    CARMEL VALLEY,CA93924     		N/A PC General & Unrestricted 500
    FOOD BANK FOR MONTEREY COUNTY
    353 W ROSSI ST
    SALINAS,CA93907     		N/A PC General & Unrestricted 2,500
    MAXS HELPING PAWS FOUNDATION
    26388 CARMEL RANCHO LN
    CARMEL BY THE SEA,CA93923     		N/A PC General & Unrestricted 5,000
    MEALS ON WHEELS OF THE MONTEREY PENINSULA INC
    700 JEWELL AVE
    PACIFIC GROVE,CA93950     		N/A PC General & Unrestricted 6,100
    ROADRACING WORLD ACTION FUND INC
    581 BIRCH ST STE C
    LAKE ELSINORE,CA92530     		N/A PC General & Unrestricted 20,000
    SABU SHAKE SR MEMORIAL FOUNDATION
    39 FISHERMANS WHARF
    MONTEREY,CA93940     		N/A PC 14th Annual Black Tie Gala Support 5,500
    SALVATION ARMY
    455 E SPRING ST
    LONG BEACH,CA90806     		N/A PC General & Unrestricted 1,000
    Total .................................bullet 3a 40,600
    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 ...........     		    14 102  
    4 Dividends and interest from securities....     14 106,017  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 89,758  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMUSEUM ADMISSION FEES     		        26,118
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   195,877 26,118
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    221,995
    (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.)
    11 ADMISSION FEES ARE RECEIVED IN CONNECTION WITH THE FOUNDATION'S DIRECT CHARITABLE ACTIVITY DESCRIBED IN PART IX-A.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


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

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    The Talbott Family Foundation
     
    Employer identification number

    77-0389983
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    The Talbott Family Foundation
          		Employer identification number
    77-0389983
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Talbott Robert S
    PO Box 223137
     
    Carmel, CA93922

    		$ 11,300


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    The Talbott Family Foundation
          		Employer identification number

    77-0389983
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 1971 YAMAHA DT250 $ 4,800 2020-12-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 1972 MOTO GUZZI ELDORADO $ 6,500 2020-12-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    The Talbott Family Foundation
          		Employer identification number

    77-0389983
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    The Talbott Family Foundation
    EIN:
    77-0389983
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE & ACCOUNTING 41,776     41,776

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

    TY 2020 DepreciationSchedule
    Name:
    The Talbott Family Foundation
    EIN:
    77-0389983
    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
    BLDG ALARM SYSTEM 2016-08-25 10,718 6,889 SL 7 1,531   0  
    BUILDING - 4 EAST 2016-08-25 1,050,801 114,171 SL 39 26,603   0  
    BLDG IMPROVEMENTS 2016-08-25 129,737 14,094 SL 39 3,284   0  
    EQUIP - BEAD BLAST 2019-05-28 4,589 984 SL 7 656   0  
    LAND - 4 EAST CARM 2016-08-25 450,343   L       0  
    CARPET 2016-08-25 4,587 2,948 SL 7 655   0  

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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    The Talbott Family Foundation
    EIN:
    77-0389983
    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
    THIS CLUB SAVES LIVES
          		418 GARDEN AVE
    MONTEREY,CA93940     		2020-05-08 5,000 GENERAL OPERATING SUPPORT 5,000 NO 9/9/2020   NONE NECESSARY

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Talbott Family Foundation
    EIN:
    77-0389983
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AGNC INVESTMENT CORP CUML 6.87 12,500 12,675
    AMAZON COM 49,676 70,141
    AMERICAN FINANCIAL GROUP 5.625 25,000 28,380
    ANGEL OAK MORTGAGE INC 96,800 83,322
    ANGEL OAK ULTRASHORT INCOME FU 50,306 50,107
    ANNALY CAPITAL MANAGEMENT INC 25,000 25,010
    APOLLO GLOBAL MGMT LLC PFD SER 17,094 23,893
    APPLE INC 31,933 66,120
    ARTISAN HIGH INCOME FUND CLASS 283,021 292,587
    ASSOC BANC CORP WISC 5.625% PF 25,000 26,650
    ATHENE HLDG DS LTD PFD SER A 25,000 28,490
    ATHENE HLDG LTD 5.625% PFD SER 25,000 26,400
    ATLAS CORP PFD SER I 25,000 26,500
    BANC OF CALIFORNIA INC PFD E 7 25,000 25,385
    BANK OF AMERICA CORP PREFERRED 50,000 49,500
    BANK OZK SER A PFD 25,000 24,490
    BRAMSHILL INCOME PERFORMANCE F 278,828 276,422
    BRIGHTHOUSE FINL INC 25,000 24,990
    BROADCOM INC 33,629 73,086
    CAPITAL ONE FINL DRC PFD SER L 37,500 36,690
    CHIMERA INVESTMENT CORP PFD SE 25,000 25,430
    COWEN INC 25,000 26,500
    DTE ENERGY CO CAL DEB 81 PFD - 25,000 25,290
    DTE ENERGY CO COM 29,812 34,127
    EATON VANCE ATLANTA CAPITAL SM 150,864 371,606
    ELLINGTON FINL INC 6.750% PFD 12,500 12,810
    FIRST REP BANK 4.500% PREFERRE 25,000 24,660
    GASLOG PARTNERS LP CUML 8.625% 25,000 26,500
    HUDSON PAC PPTYS INC COM CUML 25,000 25,160
    JPMORGAN CHASE & CO 4.550% PFD 25,000 25,540
    JPMORGAN CHASE AND CO PFD SER 25,000 24,770
    MERCHANTS BANCORP IND 6.000% P 25,000 26,130
    MERCHANTS BANCORP IND 6.000% P 37,500 39,975
    METLIFE INC PFD SER F 12,500 12,795
    MICROSOFT CORP 32,044 70,746
    NEW RESIDENTIAL INVT CORP 7.50 12,500 12,725
    PIMCO INCOME FUND P CLASS 355,226 357,133
    PROSPECT CAPITAL CORP 5.35% PR 25,000 21,530
    PROSPECT CAPITAL CORP 6.875% D 25,000 25,460
    RAYTHEON TECHNOLOGIES CORP 33,243 46,448
    REGIONS FINANCIAL CORP 17,908 37,970
    SPDR S&P 500 ETF TRUST 106,736 335,748
    TECHNOLOGY SPDR 167,335 677,241
    TEXAS CAPITAL BANCSHARES 5.750 25,000 25,860
    TRITON INTERNATIONAL LTD 25,000 27,200
    TRITON INTL LTD PFD SER D 12,500 13,360
    US CELLULAR CORP 5.500% PFD DU 25,000 25,480
    US CELLULAR CORP 6.250% PFD DU 25,000 26,610
    VANGUARD GROWTH ETF 156,494 488,083
    VANGUARD HIGH DIV YIELD 227,805 440,457
    VANGUARD INFORMATION TECHNOLOG 51,991 89,735

    TY 2020 LandEtcSchedule2
    Name:
    The Talbott Family Foundation
    EIN:
    77-0389983
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BLDG ALARM SYSTEM 10,718 8,420 2,298 2,298
    BUILDING - 4 EAST 1,050,801 140,774 910,027 1,400,000
    BLDG IMPROVEMENTS 129,737 17,378 112,359 112,359
    EQUIP - BEAD BLAST 4,589 1,640 2,949 2,949
    LAND - 4 EAST CARM 450,343   450,343 600,000
    CARPET 4,587 3,603 984 984


    TY 2020 LegalFeesSchedule
    Name:
    The Talbott Family Foundation
    EIN:
    77-0389983
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Consultations 951     951


    TY 2020 LoansFromOfficersSchedule
    Name:
    The Talbott Family Foundation
    EIN:
    77-0389983

    Item No. 1
    Lender's Name ROBERT S TALBOTT
    Lender's Title  
    Original Amount of Loan 5580
    Balance Due 5580
    Date of Note 2021-01
    Maturity Date 2022-11
    Repayment Terms UPON REQUEST
    Interest Rate 0.
    Security Provided by Borrower NONE
    Purpose of Loan ERRONEOUS DEPOSIT IN FOUNDATION'S ACCOUNT
    Description of Lender Consideration CASH OF $5,580
    Consideration FMV  


    TY 2020 OtherAssetsSchedule
    Name:
    The Talbott Family Foundation
    EIN:
    77-0389983
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    MOTORCYCLE - 1914 INDIAN BOAR   40,725 40,725
    MOTORCYCLE - 1922 HARLEY DAVI   55,000 55,000
    MOTORCYCLE - 1929 SCOTT FLYIN   15,000 15,000
    MOTORCYCLE - 1931 HARLEY DAVI   112,337 115,000
    MOTORCYCLE - 1935 MOTO GUZZI   12,000 12,000
    MOTORCYCLE - 1942 HARLEY-DAVI   37,400 37,400
    MOTORCYCLE - 1945 CZ 125 - VI   10,300 10,300
    MOTORCYCLE - 1949 TRIUMPH BOB   35,000 35,000
    MOTORCYCLE - 1950 DUCATI 60 S   10,500 10,500
    MOTORCYCLE - 1951 MV AGUSTA 1   21,000 20,000
    MOTORCYCLE - 1952 MOTO GUZZI   8,000 8,000
    MOTORCYCLE - 1954 ADLER 250 R   10,424 10,000
    MOTORCYCLE - 1956 DUCATI 125C   58,000 50,000
    MOTORCYCLE - 1956 MV AGUSTA 1   15,000 15,000
    MOTORCYCLE - 1956 RUMI 125CC   52,000 30,000
    MOTORCYCLE - 1956 VESPA 125CC   2,850 6,000
    MOTORCYCLE - 1957 ISLO 175GS   18,000 18,000
    MOTORCYCLE - 1957 MONDIAL 125   100,000 100,000
    MOTORCYCLE - 1957 NSU 250 SUP   8,000 8,000
    MOTORCYCLE - 1958 HARLEY AERM   30,000 30,000
    MOTORCYCLE - 1959 HONDA SUPER   4,000 4,000
    MOTORCYCLE - 1960 MOTO GUZZI   6,000 15,000
    MOTORCYCLE - 1961 MOTO MORINI   30,000 30,000
    MOTORCYCLE - 1965 BMW R69S (R   25,000 25,000
    MOTORCYCLE - 1965 TRIUMPH BON   10,000 10,000
    MOTORCYCLE - 1966 BULTACO MET   8,000 8,000
    MOTORCYCLE - 1968 HODAKA/STEE   4,975 4,975
    MOTORCYCLE - 1969 TRIUMPH TIG   11,000 11,000
    MOTORCYCLE - 1970 BULTACO PUR   3,000 3,000
    MOTORCYCLE - 1970 PENTON WASS   5,000 5,000
    MOTORCYCLE - 1970 YAMAHA 125C   2,636 4,500
    MOTORCYCLE - 1974 CARABELLA 1   5,525 5,525
    MOTORCYCLE - 1974 HUSQVARNA C   2,211 8,275
    MOTORCYCLE - 1975 BMW R90S OR   11,500 20,000
    MOTORCYCLE - 1975 CHANG JIANG   4,400 4,500
    MOTORCYCLE - 1976 BULTACO FRO   5,000 5,000
    MOTORCYCLE - 1976 BULTACO PUR   5,000 5,000
    MOTORCYCLE - 1977 MV AGUSTA 8   90,000 90,000
    MOTORCYCLE - 2001 VESPA ET2 C   2,850 10,000
    MOTORCYCLE - 2006 MV AGUSTA F   21,285 22,000
    MOTORCYCLE - 1966 MONTESA LAC   500 500
    MOTORCYCLE - 1927 HARLEY DAVID   30,885 30,885
    MOTORCYCLE - 1932 HUSQVARNA MO   26,485 26,485
    MOTORCYCLE - 1934 ENGLISH COTT   25,000 25,000
    MOTORCYCLE - 1934 KOEHLER-ESCO   27,585 27,585
    MOTORCYCLE - 1938 RUDGE SPECIA   25,000 25,000
    MOTORCYCLE - 1938 ZUNDAPP - VI   19,900 19,900
    MOTORCYCLE - 1949 LAMBRETTA B1   7,500 7,500
    MOTORCYCLE - 1949 NORVIN (GREE   51,785 51,785
    MOTORCYCLE - 1953 CAPRIOLO SPO   22,000 15,000
    MOTORCYCLE - 1953 HUSQVARNA MO   16,585 16,585
    MOTORCYCLE - 1954 BIANCHI TONA   15,000 15,000
    MOTORCYCLE - 1954 MV AGUSTA DU   12,000 12,000
    MOTORCYCLE - 1956 CAPRIOLO 75C   17,000 17,000
    MOTORCYCLE - 1956 CM BOLOGNA F   16,000 16,000
    MOTORCYCLE - 1956 GILERA SPORT   6,000 6,000
    MOTORCYCLE - 1956 MOTO DEVIL F   40,000 40,000
    MOTORCYCLE - 1956 MOTO PARILLA   14,000 14,000
    MOTORCYCLE - 1956 MOTOBI CATRI   14,000 14,000
    MOTORCYCLE - 1956 MV AGUSTA DI   18,000 18,000
    MOTORCYCLE - 1956 MV AGUSTA SQ   24,000 24,000
    MOTORCYCLE - 1956 TAURUS SUPER   24,000 24,000
    MOTORCYCLE - 1957 BSA GOLDSTAR   30,000 30,000
    MOTORCYCLE - 1957 DUCATI CUCCI   15,485 15,485
    MOTORCYCLE - 1957 MV AGUSTA GR   10,000 10,000
    MOTORCYCLE - 1958 MAS 175CC -   24,000 24,000
    MOTORCYCLE - 1958 MOTO GUZZI C   6,000 6,000
    MOTORCYCLE - 1958 MV AGUSTA RA   14,000 14,000
    MOTORCYCLE - 1959 MV AGUSTA RA   10,000 15,000
    MOTORCYCLE - 1960 JAWA SPEEDWA   5,000 5,000
    MOTORCYCLE - 1961 MV AGUSTA CH   6,000 6,000
    MOTORCYCLE - 1962 DUCATI ELITE   16,000 16,000
    MOTORCYCLE - 1962 MOTO GUZZI L   8,000 8,000
    MOTORCYCLE - 1963 MOTO PARILLA   15,500 15,500
    MOTORCYCLE - 1964 DOT SCRAMBLE   4,000 4,000
    MOTORCYCLE - 1964 GARELLI 100   850 850
    MOTORCYCLE - 1965 ROYAL ENFIEL   6,500 6,500
    MOTORCYCLE - 1966 BSA VICTOR R   7,000 7,000
    MOTORCYCLE - 1966 HONDA 305 SC   6,000 6,000
    MOTORCYCLE - 1966 MV AGUSTA CI   3,500 3,500
    MOTORCYCLE - 1968 GREEVES MOTO   5,500 5,500
    MOTORCYCLE - 1969 DUCATI SCRAM   12,000 12,000
    MOTORCYCLE - 1969 HARLEY AERMA   6,000 6,000
    MOTORCYCLE - 1969 KAWASAKI MAC   23,000 23,000
    MOTORCYCLE - 1970 HARLEY DAVID   35,000 35,000
    MOTORCYCLE - 1971 BSA GOLDSTAR   5,798 5,500
    MOTORCYCLE - 1971 INDIAN MINI   6,600 6,600
    MOTORCYCLE - 1972 MV AGUSTA GT   12,000 12,000
    MOTORCYCLE - 1973 BULTACO SHER   5,500 5,500
    MOTORCYCLE - 1973 MV AGUSTA MI   7,500 7,500
    MOTORCYCLE - 1973 MV AGUSTA MI   5,000 5,000
    MOTORCYCLE - 1974 HODAKA SUPER   4,650 4,650
    MOTORCYCLE - 1976 YAMAHA GT80   3,300 3,300
    MOTORCYCLE - 1978 YAMAHA TZ350   5,500 5,500
    MOTORCYCLE - 1981 BMW R 80GS -   5,500 5,500
    MOTORCYCLE - 1997 DUCATI 916 -   9,000 9,000
    MOTORCYCLE - 2005 THRUXTON (YE   5,585 5,585
    MUSEUM (ANTIQUE CUSTOMIZED) DO   10,000 10,000
    MUSEUM POSTER (FRAMED) - WELCO   3,000 3,000
    TOY - LIL PETRO MICROMINI BIKE   400 400


    TY 2020 OtherExpensesSchedule
    Name:
    The Talbott Family Foundation
    EIN:
    77-0389983
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 39,024     39,024
    Bank Charges 1,171 1,171    
    Indemnification Insurance 616     616
    INSURANCE PREMIUMS - DCA 23,272     23,272
    MUSEUM SUPPLIES - DCA 967     967
    Office Supplies 4,187     4,187
    Postage/Delivery Service 911     911
    State or Local Filing Fees 336     336
    Website Hosting/Support 216     216
    LOAN BREAKAGE FEE 12,409     12,409


    TY 2020 OtherIncomeSchedule2
    Name:
    The Talbott Family Foundation
    EIN:
    77-0389983
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Museum Admission Fees 26,118   26,118


    TY 2020 OtherLiabilitiesSchedule
    Name:
    The Talbott Family Foundation
    EIN:
    77-0389983
    Description Beginning of Year - Book Value End of Year - Book Value
    LINE OF CREDIT   1,373,194


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Talbott Family Foundation
    EIN:
    77-0389983
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 38,085 38,085    
    DOCENT SERVICES - DCA 29,470     29,470
    MARKETING - DCA 1,439     1,439
    RESTORATION - DCA 1,537     1,537
    WEBSITE DEVELOPMENT - DCA 298     298
    SALES COMMISSIONS 2,100 2,100    
    INFORMATION TECHNOLOGY SVCS 338     338


    TY 2020 TaxesSchedule
    Name:
    The Talbott Family Foundation
    EIN:
    77-0389983
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    4720 Tax for 2020 406      
    990-PF Estimated Tax for 2021 1,400      
    IRS Miscellaneous Fee Expense 46,203      
    Property Taxes 817     817