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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 11-01-2021 , and ending 10-31-2022
Name of foundation
GULTON FOUNDATION INC
C/O BREDEFELD & ASSOC PC
Number and street (or P.O. box number if mail is not delivered to street address)125 MAPLE AVE C
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHESTER, NJ07930
A Employer identification number

13-6105207
B Telephone number (see instructions)

(732) 764-9292
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$3,445,673J 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 291 291  
4 Dividends and interest from securities... 103,856 103,856  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 91,730
b Gross sales price for all assets on line 6a 726,751
7 Capital gain net income (from Part IV, line 2)... 91,730
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 195,877 195,877  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 16,875 8,438   8,437
c Other professional fees (attach schedule).... Click to see attachment 17,271 8,635   8,636
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 7,670 7,670   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 410 0   410
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 42,226 24,743   17,483
25 Contributions, gifts, grants paid....... 314,700 314,700
26 Total expenses and disbursements. Add lines 24 and 25 356,926 24,743   332,183
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -161,049
b Net investment income (if negative, enter -0-) 171,134
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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......... 78,210 84,051 84,051
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)....... 3,363,455 Click to see attachment3,196,565 3,361,622
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 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) 3,441,665 3,280,616 3,445,673
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 3,441,665 3,280,616
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 3,441,665 3,280,616
30 Total liabilities and net assets/fund balances (see instructions). 3,441,665 3,280,616
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
3,441,665
2
Enter amount from Part I, line 27a .....................
2
-161,049
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,280,616
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,280,616
Form 990-PF (2021)
Form 990-PF (2021)
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 5 SHARES AIR PRODUCTS & CHEMICALS   2020-06-26 2022-02-14
b 5 SHARES AIR PRODUCTS & CHEMICALS   2020-11-25 2022-03-10
c 5 SHARES AMEREN CORP.   2018-09-07 2022-02-09
d 5 SHARES AMERICAN TOWER CORP.   2018-12-24 2022-10-19
e 5 SHARES AMERICAN WATER WORKS CO   2020-04-06 2022-02-07
5 SHARES AMPHENOL CORP.   2019-09-16 2022-02-07
5 SHARES AMPHENOL CORP.   2019-09-16 2022-02-09
5 SHARES ANTA SPORTS PRODUCTS LTD   2022-01-06 2022-02-10
10 SHARES ANTA SPORTS PRODUCTS LTD   2022-01-06 2022-02-15
8 SHARES AON PLC   2020-09-04 2021-12-23
2 SHARES AON PLC   2020-09-04 2022-02-01
5 SHARES APPLE INC.   2017-08-20 2022-02-07
5 SHARES APPLE INC.   2020-04-06 2022-02-07
10 SHARES APPLE INC.   2020-04-06 2022-02-09
5 SHARES APPLE INC.   2020-04-06 2022-02-14
10 SHARES APPLE INC.   2016-05-13 2022-04-21
10 SHARES APTIV PLC   2021-01-13 2022-04-04
3 SHARES ASML HOLDING   2020-12-04 2022-02-14
2 SHARES ASML HOLDING   2021-01-21 2022-02-14
5 SHARES BANK OF AMERICA CORP.   2019-01-30 2022-02-03
15 SHARES BANK OF AMERICA CORP.   2019-01-31 2022-02-03
5 SHARES BANK OF AMERICA CORP.   2019-01-31 2022-02-07
10 SHARES BANK OF AMERICA CORP.   2019-01-31 2022-02-07
10 SHARES BANK OF AMERICA CORP.   2019-01-31 2022-02-10
20 SHARES BLACKSTONE, INC.   2020-01-23 2021-11-08
5 SHARES BLACKSTONE, INC.   2020-03-02 2022-02-07
5 SHARES BLACKSTONE, INC.   2020-03-02 2022-02-14
10 SHARES BLACKSTONE, INC.   2020-03-02 2022-02-16
10 SHARES BLACKSTONE, INC.   2020-04-06 2022-02-16
5 SHARES CATALENT, INC.   2021-01-06 2022-02-14
3 SHARES CHARTER COMMUNICATIONS, INC.   2019-11-06 2021-12-09
5 SHARES CHARTER COMMUNICATIONS, INC.   2020-04-06 2022-08-01
2 SHARES CINTAS CORP.   2020-04-06 2022-07-19
3 SHARES CINTAS CORP.   2020-04-06 2022-08-09
5 SHARES CITIGROUP INC.   2020-04-06 2022-02-07
5 SHARES CITIGROUP INC.   2020-04-06 2022-02-09
25 SHARES CITIGROUP INC.   2020-04-06 2022-04-05
20 SHARES CITIGROUP INC.   2020-08-17 2022-04-05
5 SHARES CONOCOPHILLIPS   2016-08-26 2022-02-07
5 SHARES CONOCOPHILLIPS   2016-08-26 2022-02-09
5 SHARES CONOCOPHILLIPS   2016-08-26 2022-02-14
10 SHARES CONOCOPHILLIPS   2016-08-26 2022-10-26
5 SHARES CONSUMER STAPLES INDEX FD   2022-04-08 2022-08-12
5 SHARES DANAHER CORP.   2020-04-06 2022-02-07
5 SHARES EATON CORP PLC   2021-04-23 2022-10-19
5 SHARES HILTON WORLDWIDE HOLDINGS   2020-01-23 2022-02-09
5 SHARES HILTON WORLDWIDE HOLDINGS   2020-03-30 2022-06-13
3 SHARES HOME DEPOT   2020-04-06 2022-01-20
10 SHARES IQVIA HOLDINGS, INC.   2019-11-01 2022-02-28
5 SHARES IQVIA HOLDINGS, INC.   2020-12-18 2022-02-07
5 SHARES IQVIA HOLDINGS, INC.   2020-12-18 2022-02-09
5 SHARES ISHARES CHINA LARGE CAP   2022-01-20 2022-02-14
45 SHARES ISHARES CHINA LARGE CAP   2022-01-20 2022-08-23
5 SHARES META PLATFORMS FORMERLY FACEBOOK, INC.   2019-01-31 2022-02-09
5 SHARES META PLATFORMS FORMERLY FACEBOOK, INC.   2019-08-13 2022-02-11
5 SHARES META PLATFORMS FORMERLY FACEBOOK, INC.   2019-08-13 2022-02-11
5 SHARES META PLATFORMS FORMERLY FACEBOOK, INC.   2019-08-13 2022-02-14
5 SHARES MICROSOFT CORP.   2017-02-03 2022-02-09
5 SHARES MICROSOFT CORP.   2017-02-03 2022-02-14
5 SHARES MICROSOFT CORP.   2020-04-06 2022-02-07
5 SHARES NIKE INC. CL B   2018-04-09 2022-02-09
5 SHARES NIKE INC. CL B   2018-04-09 2022-06-13
10 SHARES NIKE INC. CL B   2018-04-09 2022-07-26
10 SHARES NIKE INC. CL B   2020-03-02 2022-07-26
15 SHARES NIKE INC. CL B   2020-04-06 2022-01-20
4 SHARES NORTHROP GRUMMAN CORP   2021-05-14 2022-02-16
419.223 SHARES OW CREDIT INCOME FUND   2020-10-01 2022-02-08
288.363 SHARES OW CREDIT INCOME FUND   2020-10-01 2022-02-11
24.158 SHARES OW CREDIT INCOME FUND   2020-10-01 2022-07-08
1187.215 SHARES OW FIXED INCOME FUND   2015-03-11 2022-02-08
1171.875 SHARES OW FIXED INCOME FUND   2015-03-11 2022-02-11
1911.907 SHARES OW FIXED INCOME FUND   2015-03-11 2022-07-08
1558.108 SHARES OW LARGE CAP STRATEGIES FD   2013-05-15 2022-02-11
979.071 SHARES OW LARGE CAP STRATEGIES FD   2020-10-01 2022-02-08
202.483 SHARES OW LARGE CAP STRATEGIES FD   2020-10-01 2022-02-11
5 SHARES PEPSICO, INC.   2017-01-25 2022-02-09
5 SHARES PEPSICO, INC.   2017-01-25 2022-10-13
5 SHARES PIONEER NATURAL RESOURCES   2018-06-26 2022-02-07
15 SHARES ROSS STORES, INC.   2020-04-30 2022-01-05
15 SHARES ROSS STORES, INC.   2020-06-05 2022-01-05
7 SHARES S&P 500 DEP RCPTS   2022-02-11 2022-04-08
4 SHARES S&P 500 DEP RCPTS   2022-02-16 2022-04-08
5 SHARES SAFRAN SA   2018-07-20 2022-02-10
5 SHARES SAFRAN SA   2018-07-20 2022-07-27
10 SHARES SAFRAN SA   2020-04-07 2022-07-27
5 SHARES SAFRAN SA   2020-11-12 2022-07-27
5 SHARES SCHWAB CHARLES CORP NEW   2020-11-25 2022-02-10
5 SHARES SCHWAB CHARLES CORP NEW   2020-11-25 2022-04-05
15 SHARES SCHWAB CHARLES CORP NEW   2020-11-25 2022-10-19
10 SHARES SCHWAB CHARLES CORP NEW   2021-01-20 2022-02-03
5 SHARES SCHWAB CHARLES CORP NEW   2021-01-20 2022-02-07
10 SHARES SEA LTD ADR   2020-04-06 2022-10-19
5 SHARES SERVICENOW, INC.   2018-04-19 2022-02-14
5 SHARES TEXAS INSTRUMENTS, INC.   2019-01-11 2022-02-22
5 SHARES TEXAS INSTRUMENTS, INC.   2019-02-08 2022-02-22
5 SHARES TEXAS INSTRUMENTS, INC.   2020-04-06 2022-02-07
5 SHARES TEXAS INSTRUMENTS, INC.   2020-04-06 2022-02-09
11 SHARES UNION PACIFIC CORP   2019-09-16 2021-11-08
4 SHARES UNION PACIFIC CORP   2019-09-16 2022-02-09
1 SHARES UNION PACIFIC CORP   2020-04-06 2022-02-09
5 SHARES UNION PACIFIC CORP   2020-04-06 2022-10-21
5 SHARES UNITED HEALTH GROUP, INC.   2018-10-26 2022-02-09
5 SHARES VISA, INC.   2017-02-03 2022-02-14
5 SHARES VISA, INC.   2020-08-17 2021-11-08
5 SHARES VISA, INC.   2020-08-17 2022-02-07
5 SHARES ZOETIS, INC.   2020-04-06 2022-02-07
104.198 SHARES FIDELITY 500 INDEX FUND   2019-04-11 2022-05-26
46.896 SHARES FIDELITY 500 INDEX FUND   2021-10-22 2022-10-12
2531.099 SHARES ISHARES MSCI EAFENINTL INDEX   2017-07-06 2022-05-26
1893.428 SHARES ISHARES MSCI EAFENINTL INDEX   2017-07-06 2022-10-12
168 SHARES JP MORGAN BETABUILDERS CANADA ETF   2018-08-17 2022-05-26
5 SHARES JP MORGAN BETABUILDERS EUROPE ETF   2020-06-18 2022-05-26
8 SHARES JP MORGAN BETABUILDERS EUROPE ETF   2020-06-18 2022-05-26
11 SHARES JP MORGAN BETABUILDERS EUROPE ETF   2020-06-18 2022-05-26
154 SHARES JP MORGAN BETABUILDERS EUROPE ETF   2020-06-18 2022-05-26
341 SHARES JP MORGAN BETABUILDERS EUROPE ETF   2020-06-18 2022-05-26
4 SHARES JP MORGAN BETABUILDERS EUROPE ETF   2020-06-18 2022-08-08
9 SHARES JP MORGAN BETABUILDERS EUROPE ETF   2020-06-18 2022-08-08
55 SHARES JP MORGAN BETABUILDERS EUROPE ETF   2021-01-25 2022-08-08
187 SHARES JP MORGAN BETABUILDERS EUROPE ETF   2021-01-25 2022-08-08
268 SHARES JP MORGAN BETABUILDERS EUROPE ETF   2021-01-25 2022-08-08
10 SHARES JP MORGAN BETABUILDERS EUROPE ETF   2021-04-26 2022-08-08
18 SHARES JP MORGAN BETABUILDERS EUROPE ETF   2021-04-26 2022-08-08
49 SHARES JP MORGAN BETABUILDERS EUROPE ETF   2021-04-26 2022-08-08
168 SHARES JP MORGAN BETABUILDERS EUROPE ETF   2021-04-26 2022-08-08
235 SHARES JP MORGAN BETABUILDERS EUROPE ETF   2021-04-26 2022-08-08
2246.635 SHARES SIX CIRCLES CREDIT OPP   2020-11-05 2022-02-09
757.756 SHARES SIX CIRCLES CREDIT OPP   2022-01-05 2022-02-10
3123.326 SHARES SIX CIRCLES GLOBAL BOND   2020-08-17 2022-05-26
1104.457 SHARES SIX CIRCLES GLOBAL BOND   2020-11-04 2022-10-12
78 SHARES VANGUARD MORTGAGE-BACKED SEC   2020-11-04 2022-05-26
172 SHARES VANGUARD SHORT TERM BOND ETF   2021-05-14 2022-01-26
177 SHARES VANGUARD SHORT TERM BOND ETF   2021-05-14 2022-01-26
92 SHARES VANGUARD SHORT TERM BOND ETF   2021-07-23 2022-01-26
400 SHARES VANGUARD SHORT TERM BOND ETF   2021-07-23 2022-01-26
333 SHARES VANGUARD SHORT TERM BOND ETF   2021-07-23 2022-02-09
133 SHARES VANGUARD SHORT TERM BOND ETF   2021-07-23 2022-03-23
596 SHARES VANGUARD SHORT TERM BOND ETF   2021-07-23 2022-03-23
77 SHARES VANGUARD SHORT TERM BOND ETF   2021-07-23 2022-05-26
555 SHARES VANGUARD SHORT TERM BOND ETF   2021-07-23 2022-06-17
110 SHARES VANGUARD SHORT TERM BOND ETF   2022-01-05 2022-06-17
1 SHARES VANGUARD TOTAL INT'L BOND FUND - ETF   2020-11-04 2022-10-13
271 SHARES VANGUARD TOTAL INT'L BOND FUND - ETF   2020-11-04 2022-10-13
LITIGATION FUNDS      
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,290   1,165 125
b 1,138   1,377 -239
c 435   324 111
d 966   808 158
e 797   581 216
400   234 166
389   234 155
79   72 7
166   145 21
2,347   1,678 669
528   420 108
878   89 789
878   301 577
1,718   602 1,116
871   301 570
1,667   233 1,434
1,208   1,449 -241
1,979   1,345 634
1,319   1,069 250
235   148 87
706   442 264
240   147 93
481   295 186
499   295 204
2,876   1,227 1,649
674   272 402
653   272 381
1,219   543 676
1,219   409 810
507   520 -13
1,942   1,421 521
2,177   2,160 17
780   325 455
1,270   488 782
332   191 141
329   191 138
1,306   955 351
1,045   1,057 -12
451   216 235
460   216 244
467   216 251
1,253   432 821
375   387 -12
1,458   672 786
692   707 -15
735   556 179
680   485 195
1,100   539 561
2,271   1,431 840
1,251   873 378
1,229   873 356
191   189 2
1,312   1,700 -388
1,135   722 413
1,148   942 206
1,148   942 206
1,145   942 203
1,511   323 1,188
1,522   323 1,199
1,546   764 782
726   347 379
595   347 248
1,091   694 397
1,091   906 185
2,202   1,196 1,006
1,553   1,456 97
4,100   4,192 -92
2,800   2,884 -84
208   242 -34
13,000   13,332 -332
12,750   13,160 -410
19,750   21,471 -1,721
27,438   17,435 10,003
17,075   15,146 1,929
3,566   3,132 434
858   516 342
816   516 300
1,110   928 182
1,702   1,393 309
1,702   1,499 203
3,120   3,202 -82
1,783   1,755 28
617   631 -14
524   631 -107
1,049   740 309
524   699 -175
471   240 231
418   240 178
992   719 273
913   589 324
462   295 167
535   442 93
3,001   871 2,130
825   479 346
825   532 293
927   503 424
850   503 347
2,624   1,843 781
966   670 296
242   139 103
998   693 305
2,411   1,318 1,093
1,142   415 727
1,046   989 57
1,159   989 170
1,000   565 435
14,710   10,458 4,252
5,840   7,399 -1,559
35,385   33,689 1,696
21,793   25,202 -3,409
10,836   8,339 2,497
261   223 38
417   379 38
573   490 83
8,022   6,867 1,155
17,752   15,205 2,547
193   178 15
434   401 33
2,644   2,948 -304
9,012   10,022 -1,010
12,915   14,333 -1,418
479   578 -99
863   1,041 -178
2,361   2,834 -473
8,049   9,716 -1,667
11,324   13,592 -2,268
22,511   22,803 -292
7,593   7,767 -174
28,922   31,827 -2,905
9,664   11,265 -1,601
3,803   4,226 -423
13,756   14,159 -403
14,156   14,572 -416
7,358   7,578 -220
31,994   32,946 -952
26,481   27,428 -947
10,387   10,955 -568
46,544   49,075 -2,531
5,980   6,340 -360
42,284   45,699 -3,415
8,381   8,865 -484
47   58 -11
12,780   15,845 -3,065
19     19
66,048     66,048
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       125
b       -239
c       111
d       158
e       216
      166
      155
      7
      21
      669
      108
      789
      577
      1,116
      570
      1,434
      -241
      634
      250
      87
      264
      93
      186
      204
      1,649
      402
      381
      676
      810
      -13
      521
      17
      455
      782
      141
      138
      351
      -12
      235
      244
      251
      821
      -12
      786
      -15
      179
      195
      561
      840
      378
      356
      2
      -388
      413
      206
      206
      203
      1,188
      1,199
      782
      379
      248
      397
      185
      1,006
      97
      -92
      -84
      -34
      -332
      -410
      -1,721
      10,003
      1,929
      434
      342
      300
      182
      309
      203
      -82
      28
      -14
      -107
      309
      -175
      231
      178
      273
      324
      167
      93
      2,130
      346
      293
      424
      347
      781
      296
      103
      305
      1,093
      727
      57
      170
      435
      4,252
      -1,559
      1,696
      -3,409
      2,497
      38
      38
      83
      1,155
      2,547
      15
      33
      -304
      -1,010
      -1,418
      -99
      -178
      -473
      -1,667
      -2,268
      -292
      -174
      -2,905
      -1,601
      -423
      -403
      -416
      -220
      -952
      -947
      -568
      -2,531
      -360
      -3,415
      -484
      -11
      -3,065
      19
      66,048
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 91,730
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 2,379
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 2,379
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 5,200
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,200
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
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 2,821
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet2,821 RefundedBullet 11 0
Part VI-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 XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletCO BREDEFELD ASSOC Telephone no.bullet (732) 764-9292

    Located atbullet125 MAPLE AVE STE CCHESTERNJ ZIP+4bullet07930
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
     
     
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    MARIAN G MALCOLM PRESIDENT
    5.00     		0 0 0
    99 OXFORD DRIVE
    TENAFLY,NJ07670
    JOHN MALCOLM VICE PRES. & SEC'Y
    5.00     		0 0 0
    2330 BANCROFT PLACE NW
    WASHINGTON,DC20008
    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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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 VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    3,787,884
    b
    Average of monthly cash balances.......................
    1b
    95,916
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,883,800
    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
    3,883,800
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    58,257
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    3,825,543
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    191,277
    Part X
    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 IX, line 6..................
    1
    191,277
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    2,379
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,379
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    188,898
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    188,898
    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 XII, line 1 ...
    7
    188,898
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 188,898
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 256,699
    b From 2017...... 260,015
    c From 2018...... 284,635
    d From 2019...... 264,396
    e From 2020...... 364,297
    f Total of lines 3a through e ........ 1,430,042
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 332,183
    a Applied to 2020, 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)........     		Click to see attachment0
    d Applied to 2021 distributable amount..... 188,898
    e Remaining amount distributed out of corpus 143,285
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,573,327
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		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) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		256,699
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		1,316,628
    10 Analysis of line 9:
    a Excess from 2017.... 260,015
    b Excess from 2018.... 284,635
    c Excess from 2019.... 264,396
    d Excess from 2020.... 364,297
    e Excess from 2021.... 143,285
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    COMMUNITY FOOD BANK OF NJ
    31 EVANS TERMINAL
    HILLSIDE,NJ07205     		  EXEMPT GENERAL OPERATIONS 5,000
    FEDERALIST SOCIETY THE
    1776 I STREET NW SUITE 300
    WASHINGTON,DC20006     		  EXEMPT GENERAL OPERATIONS 30,000
    FRIENDSHIP CIRCLE
    10 MICROLAB RD
    LIVINGSTON,NJ07039     		  EXEMPT GENERAL OPERATIONS 5,000
    NATIONAL JEWISH HEALTH'S CENTER OF EXCELLENCE
    1400 JACKSON ST
    DENVER,CO80206     		  EXEMPT GENERAL OPERATIONS 2,500
    NYC BALLET
    20 LINCOLN CENTER PLZ
    NEW YORK,NY10023     		  EXEMPT GENERAL OPERATIONS 10,000
    SIGNATURE THEATER
    480 W 42ND ST
    NEW YORK,NY10036     		  EXEMPT GENERAL OPERATIONS 5,000
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    262 DANNY THOMAS PL
    MEMPHIS,TN38105     		  EXEMPT GENERAL OPERATIONS 5,000
    WASHINGTON NATIONAL OPERA
    6925 WILLOW SAINT NW
    WASHINGTON,DC20007     		  EXEMPT GENERAL OPERATIONS 40,000
    WASHINGTON URBAN DEBATE LEAGUE
    PO BOX 6319
    WASHINGTON,DC20016     		  EXEMPT GENERAL OPERATIONS 10,000
    WEEKEND BOOK PARISH FOR HOMELESS KIDS
    905 SOUTH MAPLE AVE
    GLEN ROCK,NJ07452     		  EXEMPT GENERAL OPERATIONS 5,000
    WILDLIFE EMERGENCY FUND
    1250 24TH STREET NW
    WASHINGTON,DC20037     		  EXEMPT GENERAL OPERATIONS 100,000
    WNET
    825 8TH AVE
    NEW YORK,NY10019     		  EXEMPT GENERAL OPERATIONS 40,000
    BERNARD COLLEGE
    3009 BROADWAY
    NEW YORK,NY10027     		  EXEMPT GENERAL OPERATIONS 10,000
    HOLY NAME MEDICAL CENTER FOUNDATION
    718 TEANECK RD
    TEANECK,NJ07666     		  EXEMPT GENERAL OPERATIONS 10,000
    PHILLIPS COLLECTION
    1600 21ST STREET NW
    WASHINGTON,DC20009     		  EXEMPT GENERAL OPERATIONS 2,000
    COLUMBIA COLLEGE
    622 W 113TH ST
    NEW YORK,NY10025     		  EXEMPT GENERAL OPERATIONS 5,000
    LEGAL SERVICES CORP
    3333 K ST NW
    WASHINGTON,DC20007     		  EXEMPT GENERAL OPERATIONS 15,000
    NATIONAL GALLERY OF ART
    6 TH ST NW
    WASHINGTON,DC20004     		  EXEMPT GENERAL OPERATIONS 5,000
    BARBER FAMILY FOUNDATION
    1 CATAMORE BLVD
    EAST PROVICENCE,RI02914     		  EXEMPT GENERAL OPERATIONS 10,000
    TENAFLY FIRE ASSOCIATION
    100 RIVEREDGE RD
    TENAFLY,NJ07670     		  EXEMPT GENERAL OPERATIONS 100
    TENAFLY VOLUNTEER AMBULANCE ASSOC
    100 RIVEREDGE RD
    TEANECK,NJ07670     		  EXEMPT GENERAL OPERATIONS 100
    Total .................................bullet 3a 314,700
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ...........     		    14 291  
    4 Dividends and interest from securities ....          
    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 91,730  
    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) .. 0 195,877 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    195,877
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    GULTON FOUNDATION INC
     
    C/O BREDEFELD & ASSOC PC
    EIN:
    13-6105207
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 16,875 8,438   8,437

    TY 2021 DistributionFromCorpusElection
    Name:
    GULTON FOUNDATION INC
     
    C/O BREDEFELD & ASSOC PC
    EIN:
    13-6105207
    Election:
    FORM 990-PF PAGE 9 LINE 4C: TREATED AS DISTRIBUTIONS OUT OF CORPUS------------------------------------------------------------------PURSUANT TO REG. SEC. 53.4932(A)-3(D)(2), THE TAXPAYER HEREBYELECTS TO TREAT THE 2017 QUALIFYING DISTRIBUTIONS AS MADE OUTOF CORPUS.

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    GULTON FOUNDATION INC
     
    C/O BREDEFELD & ASSOC PC
    EIN:
    13-6105207
    Name of Stock End of Year Book Value End of Year Fair Market Value
    100 SHS ALPHABET, INC. CLASS C 3,178 9,466
    20 SHS AMAZON.COM, INC. 1,648 2,048
    10 SHS AMERICAN WATER WORKS CO 992 1,453
    70 SHS APPLE INC 1,630 10,733
    45 SHS CONOCOPHILLIPS 1,743 5,674
    24379.414 SHS OW FIXED INCOME FUND 272,923 240,868
    26593.853 SHS OW LARGE CAP STRATEGIES FD 311,096 381,887
    9557 SHS OW SMALL & MID CAP FUND 150,553 128,355
    20 SHS PEPSICO, INC. 2,261 3,631
    1273 SHS SPDR S&P 500 ETF TRUST 254,153 491,645
    8 SHS THERMO FISHER SCIENTIFIC 1,801 4,111
    15 SHS DANAHER CORP 1,504 3,775
    55 SHS MICROSOFT CORP 5,284 12,767
    35 SHS VISA INC 4,559 7,250
    20 SHS ZOETIS INC 1,753 3,015
    11529.941 SHS VANGUARD INTERNATIONAL BOND FUND 256,721 220,683
    35 SHS AMEREN CORP 2,457 2,853
    2316.578 SHS FIDELITY 500 INDEX FUND 267,648 311,418
    809 SHS JP MORGAN BETABUILDERS CANADA 39,768 46,396
    1564 SHS JP MORGAN BETABUILDERS JAPAN 77,644 65,266
    984 SHS JPM BETABUILDERS DEVELOPED ASIA 53,207 42,105
    2459.791 SHS PIMCO INCOME FUND 30,276 25,188
    1 SHS SERVICE NOW INC 174 420
    21639.793 SHS SIX CIRCLES INT'L UNCONSTRAINED 212,127 185,453
    18380.612 SHS SIX CIRCLES US UNCONSTRAINED 187,070 217,626
    2382.182 SHS SIX CIRCLES ULTRA SHORT 23,846 23,226
    10 SHS UNITED HEALTH GROUP INC 2,401 5,551
    7853.445 SHS VANGUARD BOND MARKET INDEX 85,299 72,566
    15 SHS AMERICAN TOWER CORP 3,047 3,107
    40 SHS AMPHENOL CORP 1,749 3,033
    150 SHS BANK OF AMERICA CORP 4,113 5,406
    10 SHS META PLATFORMS 1,572 931
    15 SHS IQVIA HOLDINGS INC 1,939 3,145
    10 SHS PIONEER NATURAL RESOURCES 1,296 2,564
    8 SHS S&P GLOBAL INC 2,690 2,570
    20 SHS TEXAS INSTRUMENTS INC 2,126 3,212
    9 SHS UNION PACIFIC CORP 1,247 1,774
    7 SHS ADOBE INC 3,846 2,229
    7 SHS AON PLC 1,789 1,970
    20 SHS HILTON WORLDWIDE HLDGS 1,386 2,705
    5 SHS LV MOET HENNESSY 1,753 3,167
    6369.774 SHS OW CREDIT INCOME FUND 63,698 50,767
    26730.85 SHS SIX CIRCLES GLOBAL BOND 271,520 234,697
    15 SHS APTIV PLC 2,163 1,366
    2 SHS ASML HOLIDNG 897 947
    20 SHS CATALENT INC 2,109 1,314
    20 SHS EATON CORP 2,840 3,001
    25 SHS JPMORGAN CHASE & CO 3,823 3,147
    6 SHS MSCI INC 2,594 2,813
    6 SHS NORTHROP GRUMMAN CORP 2,157 3,294
    40 SHS SCHWAB CHARLES CORP 2,081 3,186
    8346.857 SIX CIRCLES CREDIT OPP 77,559 70,114
    1057 VANGUARD MORTGAGE-BACKED 55,682 46,878
    1348 SHS VANGUARD SHORT TERM BOND FD 105,755 94,832
    3801 SHS VANGUARD INTL BOND FD-ETF 213,064 182,220
    20 SHS VULCAN MATERIALS 3,684 3,274
    165 SHS ANTA SPORTS PRODUCTS LTD 2,202 1,449
    20 SHS BLACKSTONE INC 817 1,822
    25 SHS BRKFLD ASSET MGMT 1,422 990
    15 SHS CANADIAN PACIFIC RAILWAY 1,065 1,116
    20 SHS CONSUMER STAPLES INDEX 1,547 1,454
    25 SHS COPART INC 2,791 2,875
    5 SHS DOLLAR GENERAL CORP 1,293 1,275
    15 SHS HEALTH CARE SELECT 2,078 1,991
    70 SHS HOWMET AEROSPACE INC 2,419 2,488
    40 SHS ISHARES CHINA LARGE CAP 1,511 838
    1 SHS MERCADOLIBRE INC 844 901
    9 SHS MOTOROLA SOLUTIONS 2,195 2,247
    11 SHS NVIDIA CORP 2,959 1,484
    20 SHS PROLOGIS INC 2,790 2,215
    35 SHS SCHLUMBERGER LTD 1,825 1,821
    20 SHS TAKE-2 INTERACTIVE 2,559 2,369
    15 SHS WALMART INC 2,282 2,134
    485 SHS ISHARES 7-10 YEAR 48,592 45,789
    1038 SHS ISHARES US TREASURY BOND 23,479 23,272

    TY 2021 OtherExpensesSchedule
    Name:
    GULTON FOUNDATION INC
     
    C/O BREDEFELD & ASSOC PC
    EIN:
    13-6105207
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NYS FILING FEES 250 0   250
    ADVERTISING 160 0   160


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    GULTON FOUNDATION INC
     
    C/O BREDEFELD & ASSOC PC
    EIN:
    13-6105207
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT COUNSEL 17,271 8,635   8,636


    TY 2021 TaxesSchedule
    Name:
    GULTON FOUNDATION INC
     
    C/O BREDEFELD & ASSOC PC
    EIN:
    13-6105207
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN WITHHOLDING TAXES 46 46   0
    FEDERAL TAXES 7,624 7,624   0