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 10-01-2020 , and ending 09-30-2021
Name of foundation
WHITEHALL FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)POST OFFICE BOX 3423
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PALM BEACH, FL33480
A Employer identification number

13-5637595
B Telephone number (see instructions)

(561) 655-4474
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$130,724,400J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,098 1,098  
4 Dividends and interest from securities... 3,107,737 3,107,737  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 7,930,932
b Gross sales price for all assets on line 6a 34,853,906
7 Capital gain net income (from Part IV, line 2)... 7,930,932
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 398 398  
12 Total. Add lines 1 through 11........ 11,040,165 11,040,165  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 205,361 111,021   94,340
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 52,360 13,090   39,270
c Other professional fees (attach schedule).... Click to see attachment 12,727 3,182   9,545
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 149,694 987   8,339
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 68,066 0   68,066
21 Travel, conferences, and meetings....... 31 0   31
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 848,721 818,912   29,809
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,336,960 947,192   249,400
25 Contributions, gifts, grants paid....... 4,627,000 4,627,000
26 Total expenses and disbursements. Add lines 24 and 25 5,963,960 947,192   4,876,400
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,076,205
b Net investment income (if negative, enter -0-) 10,092,973
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......... 1,273,904 1,391,277 1,391,277
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.......... 74,524    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 64,778,020 Click to see attachment64,222,496 82,028,659
c Investments—corporate bonds (attach schedule)....... 25,685,773 Click to see attachment27,260,704 28,051,665
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 13,470,053 Click to see attachment17,543,346 19,252,799
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 105,282,274 110,417,823 130,724,400
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) Click to see attachment0 Click to see attachment99,251
23 Total liabilities (add lines 17 through 22)......... 0 99,251
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........ 108,675,424 113,711,722
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -3,393,150 -3,393,150
29 Total net assets or fund balances (see instructions)..... 105,282,274 110,318,572
30 Total liabilities and net assets/fund balances (see instructions). 105,282,274 110,417,823
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
105,282,274
2
Enter amount from Part I, line 27a .....................
2
5,076,205
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
110,358,479
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
39,907
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
110,318,572
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 P    
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 34,328,139   26,922,974 7,405,165
b 525,767     525,767
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       7,405,165
b       525,767
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 7,930,932
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................................ 1 140,292
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 0
3 Add lines 1 and 2........................... 3 140,292
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 140,292
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 39,213
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 146,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 185,213
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 2,102
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 42,819
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet42,819 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNJ, FL
    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 addressbulletWWW.WHITEHALL.ORG
    14
    The books are in care ofbulletCATHERINE THOMAS Telephone no.bullet (561) 655-4474

    Located atbulletPO BOX 3423PALM BEACHFL ZIP+4bullet33480
    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
     
     
    .........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
    GEORGE M MOFFETT II PRESIDENT/TRUSTEE
    20.00     		25,000 94,361 0
    PO BOX 3423
    PALM BEACH,FL33480
    CATHERINE M THOMAS TREASURER/CORP. SECRETARY/TRUSTEE
    25.00     		86,000 0 0
    PO BOX 3423
    PALM BEACH,FL33480
    MR KENNETH S BEALL JR ESQ VICE PRESIDENT/TRUSTEE
    0.00     		0 0 0
    PO BOX 3423
    PALM BEACH,FL33480
    E ANTHONY NEWTON TRUSTEE
    0.00     		0 0 0
    PO BOX 3423
    PALM BEACH,FL33480
    DEBORAH S GIBBONS-NEFF TRUSTEE
    0.00     		0 0 0
    PO BOX 3423
    PALM BEACH,FL33480
    JW RUMBOUGH III TRUSTEE
    0.00     		0 0 0
    PO BOX 3423
    PALM BEACH,FL33480
    TAYLOR THOMAS TRUSTEE
    0.00     		0 0 0
    PO BOX 3423
    PALM BEACH,FL33480
    MELISSA BROOKS TRUSTEE
    0.00     		0 0 0
    PO BOX 3423
    PALM BEACH,FL33480
    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
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    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 NONE 0
    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.........................bullet0
    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
    124,816,926
    b
    Average of monthly cash balances.......................
    1b
    2,442,270
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    127,259,196
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    127,259,196
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,908,888
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    125,350,308
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,267,515
    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
    6,267,515
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    140,292
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    140,292
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,127,223
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,127,223
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    6,127,223
    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
    4,876,400
    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
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,876,400
    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
    4,876,400
    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 6,127,223
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018...... 327,108
    e From 2019...... 98,801
    fTotal of lines 3a through e........ 425,909
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 4,876,400
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 4,876,400
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 425,909 425,909
    (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 ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		824,914
    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) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    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....  
    e Excess from 2020....  
    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 e-mail address of the person to whom applications should be addressed:
    CATHERINE THOMAS
    P O BOX 3423
    PALM BEACH,FL33480
    (561) 655-4474
    bThe form in which applications should be submitted and information and materials they should include:
    TWO PAGE SUMMARY OUTLINING THE STUDY
    cAny submission deadlines:
    DECEMBER 1, MARCH 1, AND SEPTEMBER 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    FOR BASIC BIOLOGICAL RESEARCH, AGRI-BUSINESS STUDIES AND NEUROBIOLOGY
    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
    ALBERT EINSTEIN COLLEGE OF MEDICINE
    1300 MORRIS PARK AVENUE
    BRONX,NY10461     		  PC BIOLOGICAL RESEARCH 225,000
    ASSISTANCE LEAGUE MINNEAPOLISST PAUL
    6416 PENN AVENUE SOUTH
    RICHFIELD,VA554231141     		  PC GENERAL PURPOSE 500
    AUSABLE CLUB PRESERVATION FOUNDATION
    137 AUSABLE ROAD
    KEENE VALLEY,NY129431718     		  PC GENERAL PURPOSE 1,000
    BARNARD COLLEGE
    3009 BROADWAY
    NEW YORK,NY10027     		  PC GENERAL PURPOSE 500
    BAYLOR COLLEGE OF MEDICINE
    PO BOX 301207
    DALLAS,TX753031207     		  PC BIOLOGICAL RESEARCH 75,000
    BLUE HILL MEMORIAL HOSPITAL
    PO BOX 1029
    BLUE HILL,ME04614     		  PC GENERAL PURPOSE 2,000
    BLUE HILL PUBLIC LIBRARY
    5 PARKER POINT ROAD
    BLUE HILL,ME04614     		  PC GENERAL PURPOSE 2,000
    BOSTON CHILDREN'S HOSPITAL TRUST
    401 PARK DRIVE SUITE 602
    BOSTON,MA02215     		  PC GENERAL PURPOSE 2,000
    BOSTON UNIVERSITY
    PO BOX 28763
    NEW YORK CITY,NY100878763     		  PC BIOLOGICAL RESEARCH 321,500
    BRANDYWINE CONSERVANCY & MUSEUM OF ART
    PO BOX 141
    CHADDS FORD,PA193179980     		  PC GENERAL PURPOSE 500
    BROWN LEDGE FOUNDATION INC
    1 MILL STREET SUITE 216
    BURLINGTON,VT05401     		  PC GENERAL PURPOSE 500
    CALMER CHOICE
    PO BOX 939
    SOUTH YARMOUTH,MA02664     		  PC GENERAL PURPOSE 1,000
    CAPE COD HEALTHCARE FOUNDATION
    32 MAIN ST
    HYANNIS,MA02601     		  PC GENERAL PURPOSE 500
    CAPE ELEUTHERA FOUNDATION INC
    1900 MARKET STREET 8TH FLOOR
    PHILADELPHIA,PA19103     		  PC GENERAL PURPOSE 3,500
    CASE WESTERN RESERVE UNIVERSITY
    10900 EUCLID AVENUE
    CLEVELAND,OH441067015     		  PC BIOLOGICAL RESEARCH 75,000
    CHILDREN'S HOSPITAL BOSTON
    45 MORELAND AVENUE
    NEWTON,MA02459     		  PC BIOLOGICAL RESEARCH 21,500
    COLUMBIA UNIVERSITY
    PO BOX 29789
    NEW YORK CITY,NY100879789     		  PC BIOLOGICAL RESEARCH 75,000
    COMMUNITY FOUNDATION FOR PALM BEACH & MARTIN COUNTIES
    700 S DIXIE HIGHWAY SUITE 200
    WEST PALM BEACH,FL33401     		  PC GENERAL PURPOSE 1,000
    CONNECTICUT COLLEGE
    270 MOHEGAN AVENUE BOX 5244
    NEW LONDON,CT063204196     		  GOV GENERAL PURPOSE 2,000
    CONVENT OF THE VISITATION SCHOOL
    2455 VISITATION DRIVE
    MENDOTA HEIGHTS,MN551201677     		  PC GENERAL PURPOSE 2,000
    CORINTHIAN HISTORICAL FOUNDATION
    300 W2ND ST
    ESSINGTON,PA19029     		  PC GENERAL PURPOSE 1,000
    CORNELL UNIVERSITY NEW YORK
    PO BOX 22371
    NEW YORK CITY,NY100872371     		  PC BIOLOGICAL RESEARCH 150,000
    DARTMOUTH COLLEGE FUND
    6066 DEVELOPMENT OFFICE
    HANOVER,NH037554400     		  PC GENERAL PURPOSE 2,500
    DREXEL UNIVERSITY
    245 NORTH 15TH STREET
    PHILADELPHIA,PA19102     		  PC BIOLOGICAL RESEARCH 75,000
    DUKE UNIVERSITY
    PO BOX 602651
    CHARLOTTE,NC282602651     		  PC BIOLOGICAL RESEARCH 75,000
    EXETER YOUTH LACROSSE ASSOCIATION INC
    7 GRANITE STREET
    EXETER,NH03833     		  PC GENERAL PURPOSE 500
    FLAGLER MUSEUM
    ONE WHITEHALL WAY
    PALM BEACH,FL334809903     		  PC GENERAL PURPOSE 1,000
    FLORIDA ATLANTIC UNIVERSITY
    PO BOX 198660
    ATLANTA,GA303848660     		  GOV BIOLOGICAL RESEARCH 75,000
    FLORIDA STATE UNIVERSITY
    2000 LEVY AVENUE
    TALLAHASSEE,FL32310     		  GOV BIOLOGICAL RESEARCH 75,000
    FRIENDS OF BOSTON UNIVERSITY TERRIER HOCKEY
    925 COMMONWEALTH AVENUE
    BOSTON,MA022151204     		  PC GENERAL PURPOSE 1,000
    FRIENDS OF DARTMOUTH SQUASH
    6066 DEVELOPMENT OFFICE
    HANOVER,NH037554400     		  PC GENERAL PURPOSE 1,000
    FRIENDS OF SENGEKONTACKET INC
    PO BOX 740
    EDGARTOWN,MA02539     		  PC GENERAL PURPOSE 1,000
    FRIENDS OF THE SANDWICH PUBLIC LIBRARY
    PO BOX 490
    EAST SANDWICH,MA02537     		  PC GENERAL PURPOSE 500
    GEORGE STEVENS ACADEMY
    23 UNION STREET
    BLUE HILL,ME04614     		  PC GENERAL PURPOSE 2,000
    GEORGETOWN UNIVERSITY
    2141 WISCONSIN AVENUE NW APT 402
    WASHINGTON,DC200072273     		  PC BIOLOGICAL RESEARCH 75,000
    GEORGIA STATE UNIVERSITY
    PO BOX 5030
    ATLANTA,GA303025030     		  GOV BIOLOGICAL RESEARCH 75,000
    GLEN URQUHART SCHOOL
    74 HART STREET
    BEVERLY FARMS,MA01915     		  PC GENERAL PURPOSE 1,000
    GREEN MOUNTAIN HORSE ASSOCIATION
    PO BOX 8
    SOUTH WOODSTOCK,VT05071     		  PC GENERAL PURPOSE 500
    GULF STREAM COUNCIL BOY SCOUTS OF AMERICA
    8335 NORTH MILITARY TRAIL
    PALM BEACH GARDENS,FL334106329     		  PC GENERAL PURPOSE 500
    HARVARD COLLEGE FUND CLASS OF 1958
    124 MOUNT AUBURN STREET
    CAMBRIDGE,MA02138     		  PC GENERAL PURPOSE 1,000
    HISTORIC HARRISVILLE INC
    PO BOX 79
    HARRISVILLE,NH03450     		  PC GENERAL PURPOSE 500
    HOSPICE OF PALM BEACH COUNTY FOUNDATION
    5300 EAST AVENUE
    WEST PALM BEACH,FL33407     		  PC GENERAL PURPOSE 1,000
    INDEPENDENCE SEAPORT MUSEUM
    211 SOUTH COLUMBUS AVE WALNUT
    STREET
    PHILADELPHIA,PA191063119     		  PC GENERAL PURPOSE 9,000
    INTERNATIONAL GAME FISH ASSOCIATION
    300 GULF STREAM WAY
    DANIA BEACH,FL33004     		  PC GENERAL PURPOSE 500
    JOHNS HOPKINS UNIVERSITY
    3400 N CHARLES STREET 338 KRIEGER
    HALL
    BALTIMORE,MD21218     		  PC BIOLOGICAL RESEARCH 75,000
    KNEISEL HALL
    PO BOX 648
    BLUE HILL,ME04614     		  PC GENERAL PURPOSE 1,000
    LAKE FOREST COLLEGE
    555 N SHERIDAN ROAD
    LAKE FOREST,IL600452399     		  PC GENERAL PURPOSE 5,000
    LEHIGH UNIVERSITY
    306 S NEW STREET - SUITE 451
    BETHLEHEM,PA18015     		  PC BIOLOGICAL RESEARCH 30,000
    MARQUETTE UNIVERSITY
    560 NORTH 16TH STREET
    MILWAUKEE,WI532332237     		  PC BIOLOGICAL RESEARCH 75,000
    MARY E BARTLETT LIBRARY
    22 DALTON ROAD
    BRENTWOOD,NH03833     		  PC GENERAL PURPOSE 1,000
    MASSACHUSETTS AUDUBON SOCIETY
    208 SOUTH GREAT ROAD
    LINCOLN,MA01773     		  PC GENERAL PURPOSE 2,000
    MIDDLESEX SCHOOL
    1400 LOWELL ROAD
    CONCORD,MA017429122     		  PC GENERAL PURPOSE 3,000
    NEW YORK UNIVERSITY
    25 WEST 4TH STREET 4TH FLOOR
    NEW YORK,NY10012     		  PC GENERAL PURPOSE 1,000
    NOBLE AND GREENOUGH SCHOOL
    10 CAMPUS DRIVE
    DEDHAM,MA02026     		  GOV GENERAL PURPOSE 6,000
    NORTHEASTERN UNIVERSITY
    716 COLUMBUS AVENUE CP 491
    BOSTON,MD02120     		  PC BIOLOGICAL RESEARCH 36,000
    NORTHWESTERN UNIVERSITY CHICAGO
    320 EAST SUPERIOR STREET
    CHICAGO,IL60611     		  PC BIOLOGICAL RESEARCH 75,000
    NORTHWESTERN UNIVERSITY EVANSTON
    2205 TECH DRIVE
    EVANSTON,IL60201     		  PC BIOLOGICAL RESEARCH 150,000
    ONE BEAD PROJECT
    30 HIGH STREET
    HUDSON,OH44236     		  PC GENERAL PURPOSE 3,500
    PALM BEACH CIVIC ASSOCIATION
    139 NORTH COUNTY ROAD SUITE 33
    PALM BEACH,FL33480     		  PC GENERAL PURPOSE 1,000
    PALM BEACH DAY ACADEMY
    241 SEAVIEW AVENUE
    PALM BEACH,FL33480     		  PC GENERAL PURPOSE 1,000
    PALM BEACH FIRE RESCUE DEPARTMENT
    300 NORTH COUNTY ROAD
    PALM BEACH,FL334803606     		  GOV GENERAL PURPOSE 1,000
    PENINSULA AMBULANCE CORPS INC
    PO BOX 834
    BLUE HILL,ME04614     		  PC GENERAL PURPOSE 1,000
    PHILLIPS-EXETER ACADEMY
    20 MAIN STREET
    EXETER,NH03833     		  PC GENERAL PURPOSE 500
    PILGRIM UNITED CHURCH OF CHRIST
    416 MIDDLE ROAD
    BRENTWOOD,NH03833     		  PC GENERAL PURPOSE 2,500
    PURDUE UNIVERSITY
    915 W STATE STREET
    WEST LAFAYETTE,IN47907     		  GOV BIOLOGICAL RESEARCH 75,000
    RUTGERS UNIVERSITY NEWARK
    33 KNIGHTSBRIDGE ROAD
    PISCATAWAY,NJ08854     		  GOV BIOLOGICAL RESEARCH 75,000
    RUTGERS UNIVERSITY PISCATAWAY
    604 ALLISON ROAD NELSON D-251
    PISCATAWAY,NJ08854     		  GOV BIOLOGICAL RESEARCH 75,000
    SAINT FRANCIS BY THE SEA EPISCOPAL CHURCH
    PO BOX 76
    BLUE HILL,ME04614     		  PC GENERAL PURPOSE 2,000
    SANDWICH FOOD PANTRY
    PO BOX 1824
    SANDWICH,MA02563     		  PC GENERAL PURPOSE 500
    SANDWICH TOWN HALL PRESERVATION TRUST
    PO BOX 185
    SANDWICH,MA025630185     		  PC GENERAL PURPOSE 500
    SCRIPPS RESEARCH INSTITUTE CALIFORNIA
    10550 NORTH TORRY PINES ROAD
    LA JOLLA,CA92037     		  PC BIOLOGICAL RESEARCH 150,000
    SEACOAST FAMILY PROMISE
    27 HAMPTON ROAD
    EXETER,NH03833     		  PC GENERAL PURPOSE 2,000
    SELAMTA FAMILY PROJECT
    PO BOX 1857
    LAKE PLACID,FL33862     		  PC GENERAL PURPOSE 500
    SITESALIVE FOUNDATION INC
    58 C BRACKETT PLACE
    MARBLEHEAD,MA01945     		  PC GENERAL PURPOSE 1,000
    SPRINGSIDE CHESTNUT HILL ACADEMY
    500 WEST WILLOW GROVE AVENUE
    PHILADELPHIA,PA191180191     		  PC GENERAL PURPOSE 2,000
    ST JOHN'S EPISCOPAL CHURCH
    159 MAIN STREET
    SANDWICH,MA02563     		  PC GENERAL PURPOSE 500
    ST DAVID'S EPISCOPAL CHURCH
    763 VALLEY FORGE ROAD
    WAYNE,PA190874794     		  PC GENERAL PURPOSE 1,000
    STATE UNIVERSITY OF NEW YORK ALBANY
    219 LANCASTER STREET
    ALBANY,NY12210     		  GOV BIOLOGICAL RESEARCH 26,500
    THE CHET AND WILL GRISWOLD SUICIDE PREVENTION FUND
    175 ANDOVER STREET
    DANVERS,MA01923     		  PC GENERAL PURPOSE 1,000
    THE CHURCH OF BETHESDA-BY-THE-SEA
    PO BOX 1057
    PALM BEACH,FL33480     		  PC GENERAL PURPOSE 500
    THE GENERALS REDOUBT
    PO BOX 1097
    LEXINGTON,VA24450     		  PC GENERAL PURPOSE 2,500
    THE LAWRENCEVILLE SCHOOL
    2500 MAIN STREET
    LAWRENCEVILLE,NJ08648     		  PC GENERAL PURPOSE 5,000
    THE MARGAUX POWERS MEMORIAL SCHOLARSHIP
    25 THE GREEN
    WATERTOWN,CT06795     		  PC GENERAL PURPOSE 2,500
    THE NAN PROJECT
    125 HARTWELL AVE
    LEXINGTON,VA02421     		  PC GENERAL PURPOSE 1,000
    THE NINEVAH FOUNDATION
    401 FARM AND WILDERNESS ROAD
    PLYMOUTH,VT05056     		  PC GENERAL PURPOSE 500
    THE PILOT SCHOOL INC
    208 WOODLAWN ROAD
    WILMINGTON,DE19803     		  PC GENERAL PURPOSE 3,000
    THE TAFT SCHOOL
    25 THE GREEN
    WATERTOWN,CT06795     		  PC GENERAL PURPOSE 500
    TOP BOX FOODS
    222 MERCHANDISE MART PLAZA SUITE
    202A
    CHICAGO,IL60654     		  PC GENERAL PURPOSE 1,000
    TOWN OF PALM BEACH UNITED WAY INC
    44 COCOANUT ROW M201
    PALM BEACH,FL33480     		  PC GENERAL PURPOSE 1,000
    TREE OF LIFE FOOD PANTRY
    23 SOUTH STREET
    BLUE HILL,ME04614     		  PC GENERAL PURPOSE 2,000
    TRINITY-PAWLING SCHOOL
    700 ROUTE 22
    PAWLING,NY12564     		  PC GENERAL PURPOSE 1,000
    TUCSON JEWISH COMMUNITY CENTER
    3800 EAST RIVER DRIVE
    TUCSON,AZ85718     		  PC GENERAL PURPOSE 500
    US PATRIOT SAILING
    4750 CAMP ROOSEVELT DRIVE
    CHESAPEAKE BEACH,MD20732     		  PC GENERAL PURPOSE 3,500
    UNIVERSITY OF CALIFORNIA IRVINE
    120 THEORY SUITE 200
    IRVINE,CA926971050     		  GOV BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF CALIFORNIA LOS ANGELES
    3542 STONEWOOD DR
    SHERMAN OAKS,CA91403     		  GOV BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF CALIFORNIA SAN DIEGO
    9500 GILMAN DRIVE
    LA JOLLA,CA920930662     		  GOV BIOLOGICAL RESEARCH 150,000
    UNIVERSITY OF CALIFORNIA SANTA BARBARA
    5082 PARKWOOD PLACE
    SANTA BARBARA,CA93111     		  GOV BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF CALIFORNIA SANTA CRUZ
    1156 HIGH STREET
    SANTA CRUZ,CA950641077     		  GOV BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF CHICAGO
    2238 N LAKEWOOD AVE
    CHICAGO,IL60614     		  GOV BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF CONNECTICUT FARMINGTON
    263 FARMINGTON AVENUE
    FARMINGTON,CT060305335     		  GOV BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF ILLINOIS URBANA-CHAMPAIGN
    407 S GOODWIN AVENUE
    URBANA,IL61801     		  GOV BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF MICHIGAN
    530 CHURCH STREET
    ANN ARBOR,MI48109     		  GOV BIOLOGICAL RESEARCH 150,000
    UNIVERSITY OF MINNESOTA TWIN CITIES
    PO BOX 1450
    MINNEAPOLIS,MN554855957     		  GOV BIOLOGICAL RESEARCH 150,000
    UNIVERSITY OF OKLAHOMA OKLAHOMA CITY
    PO BOX 26901
    OKLAHOMA CITY,OK731260901     		  GOV BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF PENNSYLVANIA
    2929 WALNUT STREETSUITE 300
    PHILADELPHIA,PA191045099     		  GOV GENERAL PURPOSE 77,500
    UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER
    5323 HARRY HINES BOULEVARD
    DALLAS,TX753909070     		  GOV BIOLOGICAL RESEARCH 225,000
    UNIVERSITY OF TEXAS AUSTIN
    1 UNIVERSITY STATION A8000
    AUSTIN,TX787127789     		  GOV BIOLOGICAL RESEARCH 150,000
    UNIVERSITY OF TEXAS SAN ANTONIO
    ONE UTSA CIRCLE BSE 2407
    SAN ANTONIO,TX78249     		  GOV BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF UTAH
    201 SOUTH PRESIDENTS CIRCLE ROOM
    406
    SALT LAKE CITY,UT841129023     		  GOV BIOLOGICAL RESEARCH 225,000
    VANDERBILT UNIVERSITY
    2301 VANDERBILT PLACE
    NASHVILLE,TN372407817     		  PC BIOLOGICAL RESEARCH 150,000
    VNA AND HOSPICE FOUNDATION
    1110 35TH LANE
    VERO BEACH,FL32960     		  PC GENERAL PURPOSE 1,000
    WASHINGTON AND LEE UNIVERSITY
    204 W WASHINGTON ST
    LEXINGTON,VA24450     		  PC GENERAL PURPOSE 1,000
    WASHINGTON UNIVERSITY IN ST LOUIS
    700 ROSEDALE AVENUE
    ST LOUIS,MO631121408     		  GOV BIOLOGICAL RESEARCH 225,000
    WILLIAM STURGIS FRIENDS OF EDUCATION FOUNDATION INC
    427 MAIN STREET
    HYANNIS,MA02601     		  PC GENERAL PURPOSE 4,000
    WOODS HOLE OCEANOGRAPHIC INSTITUTE
    266 WOODS HOLE ROAD
    WOODS HOLE,MA025431050     		  PC GENERAL PURPOSE 1,000
    YALE UNIVERSITY
    PO BOX 208001
    NEW HAVEN,CT06520     		  PC BIOLOGICAL RESEARCH 96,500
    YOUTH SAILING FOUNDATION OF INDIAN RIVER COUNTY
    PO BOX 612
    VERO BEACH,FL32961     		  PC GENERAL PURPOSE 2,000
    Total .................................bullet 3a 4,627,000
    bApproved for future payment
    Total .................................bullet 3b 0
    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 1,098  
    4 Dividends and interest from securities....     14 3,107,737  
    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.....     18 398  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 7,930,932  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 11,040,165 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    11,040,165
    (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:
    WHITEHALL FOUNDATION INC
    EIN:
    13-5637595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 52,360 13,090   39,270

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    WHITEHALL FOUNDATION INC
    EIN:
    13-5637595
    Name of Bond End of Year Book Value End of Year Fair Market Value
    DODGE & COX INCOME 3,336,477 3,461,267
    DOUBLELINE TTL RTRN BND-R6 2,864,095 2,783,875
    JPM MANAGED INCOME FD - USD - L 2,678,888 2,676,217
    PIMCO TOTAL RETURN FUND-INST 2,926,084 3,034,458
    SCHWAB U.S. TIPS ETF 4,501,835 4,839,937
    VANGUARD SHORT-TERM TIPS 1,295,191 1,318,601
    VANGUARD TOT BD MKT IDX-ADM 9,658,134 9,937,310

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    WHITEHALL FOUNDATION INC
    EIN:
    13-5637595
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EDGEWOOD GROWTH FUND-INST 3,258,736 4,937,656
    FIDELITY 500 INDEX FD-AI 11,391,533 17,116,635
    FIDELITY INTL INDX-INST PRM 7,784,586 8,576,612
    HEALTH CARE SELECT SECTOR 2,613,745 3,443,465
    INDUSTRIAL SELECT SECT SPDR 1,907,772 2,007,775
    INVESCO QQQ TR UNITSER1 4,378,719 6,556,395
    ISHARES CORE MSCI EMERGING 5,576,283 6,361,218
    ISHARES INC MSCI JAPAN ETF 3,176,077 3,622,371
    ISHARES MSCI ALL COUNTRY ASI 494,011 621,603
    ISHARES MSCI CHINA ETF 499,016 519,373
    ISHARES MSCI INDIA ETF 970,944 1,578,822
    ISHARES RUSSELL 1000 VALUE E 4,505,276 5,254,980
    NB GREATER CHINA EQUITY-INST 886,465 1,087,456
    OAKMARK INTERNATIONAL-INST 1,933,097 2,078,281
    PARNASSUS CORE EQUITY-INST 3,475,423 4,320,684
    T ROWE PR JAPAN FUND-I 1,085,016 1,435,424
    T ROWE PRICE NEW ASIA-1 1,498,240 1,878,550
    VANGUARD FINANCIALS ETF 2,467,143 3,492,071
    VANGUARD FTSE EUROPE ETF 5,094,572 5,320,971
    VANGUARD MID-CAP ETF 1,225,842 1,818,317

    TY 2020 InvestmentsOtherSchedule2
    Name:
    WHITEHALL FOUNDATION INC
    EIN:
    13-5637595
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ISHARES GOLD TRUST AT COST 784,824 817,967
    PIMCO COMMODITYPL STRAT-INS AT COST 2,769,792 2,448,766
    BW PRIVATE INVESTORS OFFSHORE - 3% HOLDBACK AT COST 67,500 78,283
    GROSVENOR ALTERNATIVE INVESTMENT - LEAD SERIES AT COST 5,070,000 5,149,815
    GROSVENOR ALTERNATIVE INVESTMENT - PRELIMINARY AT COST 2,500,000 2,500,000
    LAKEWOOD CAPITAL OFFSHORE FUND, LTD. - SUBCLASS ONE AT COST 750,000 1,077,700
    NEWBROOK CAPITAL OFFSHORE FUND - 5% HOLDBACK AT COST 80,000 106,982
    RIDGE SELECT: PRIVATE INVESTORS - 5% HOLDBACK AT COST 50,000 36,466
    THIRD POINT OFFSHORE FUND, LTD. - LEAD SERIES AT COST 1,000,000 1,926,249
    VARDE CREDIT PARTNERS (OFFSHORE) - CLASS J NEW ISSUES AT COST 1,000,000 1,188,981
    COHEN & STEERS REAL ESTATE-F AT COST 3,471,230 3,921,590

    TY 2020 OtherDecreasesSchedule
    Name:
    WHITEHALL FOUNDATION INC
    EIN:
    13-5637595
    Description Amount
    PY EXCISE TAX PROVISION 39,907


    TY 2020 OtherExpensesSchedule
    Name:
    WHITEHALL FOUNDATION INC
    EIN:
    13-5637595
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 5,382 1,345   4,037
    OFFICE EXPENSE 23,140 5,785   17,355
    TELEPHONE 2,652 663   1,989
    POSTAGE 2,897 724   2,173
    SCIENTIFIC ADVISORS 68,000 0   68,000
    MANAGEMENT FEES 810,395 810,395   0
    REFUNDED GRANTS -63,745 0   -63,745


    TY 2020 OtherIncomeSchedule2
    Name:
    WHITEHALL FOUNDATION INC
    EIN:
    13-5637595
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 398 398 398


    TY 2020 OtherLiabilitiesSchedule
    Name:
    WHITEHALL FOUNDATION INC
    EIN:
    13-5637595
    Description Beginning of Year - Book Value End of Year - Book Value
    EXCISE TAX PAYABLE 0 99,251


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    WHITEHALL FOUNDATION INC
    EIN:
    13-5637595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 12,727 3,182   9,545


    TY 2020 TaxesSchedule
    Name:
    WHITEHALL FOUNDATION INC
    EIN:
    13-5637595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 8,572 799   7,773
    PROPERTY TAXES 754 188   566
    EXCISE TAX 140,368 0   0