Form990-PF
Click to see list of attachments

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE TAFT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)530 FIFTH AVENUE 9TH FL SUITE 805
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10036
A Employer identification number

20-1232852
B Telephone number (see instructions)

(347) 871-4131
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$216,533,993J 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 15,676 15,676  
4 Dividends and interest from securities... 3,651,958 3,688,738  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 499,095
b Gross sales price for all assets on line 6a 78,731,306
7 Capital gain net income (from Part IV, line 2)... 470,885
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 0 30,380  
12 Total. Add lines 1 through 11........ 4,166,729 4,205,679  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 311,800 0   311,800
14 Other employee salaries and wages...... 245,072 0   245,072
15 Pension plans, employee benefits....... 73,633 0   73,633
16a Legal fees (attach schedule)......... Click to see attachment 1,874 0   1,874
b Accounting fees (attach schedule)....... Click to see attachment 4,750 0   4,750
c Other professional fees (attach schedule).... Click to see attachment 583,760 546,497   37,263
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 103,549 5,310   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 144,559 0   144,559
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 67,771 23,962   45,309
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,536,768 575,769   864,260
25 Contributions, gifts, grants paid....... 10,801,940 10,801,940
26 Total expenses and disbursements. Add lines 24 and 25 12,338,708 575,769   11,666,200
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -8,171,979
b Net investment income (if negative, enter -0-) 3,629,910
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.............   1,581,126 1,581,126
2 Savings and temporary cash investments......... 3,220,100 6,206,676 6,206,676
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)....... 163,782,759 Click to see attachment40,523,121 62,059,464
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).......... 0 Click to see attachment123,607,286 146,686,727
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) 167,002,859 171,918,209 216,533,993
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........... 167,002,859 171,918,209
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 167,002,859 171,918,209
30 Total liabilities and net assets/fund balances (see instructions). 167,002,859 171,918,209
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
167,002,859
2
Enter amount from Part I, line 27a .....................
2
-8,171,979
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
13,087,329
4
Add lines 1, 2, and 3 ..........................
4
171,918,209
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
171,918,209
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 THRU ALPHAGEN EUROPEAN K-1 P    
c CAPITAL GAINS DIVIDENDS P    
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 78,611,150   78,232,211 378,939
b       -28,210
c 120,156     120,156
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       378,939
b       -28,210
c       120,156
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 2 470,885
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 50,456
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 50,456
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 50,456
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 323,700
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.............. 7 323,700
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 10 273,244
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet271,224 RefundedBullet 11 2,020
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL, DE, NY
    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 addressbulletTHETAFTFOUNDATION.ORG
    14
    The books are in care ofbulletOWEN J FLANAGAN & CO Telephone no.bullet (212) 682-2783

    Located atbullet60 EAST 42ND STREETNEW YORKNY ZIP+4bullet10165
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    HOWARD ROTHMAN PRESIDENT, BOARD CHAIR, DIR.
    15.00     		85,000 2,550 0
    530 FIFTH AVENUE 9TH FLOOR SUITE
    805
    NEW YORK,NY10036
    PHOEBE BOYER VICE PRESIDENT, DIRECTOR
    1.00     		0 0 0
    530 FIFTH AVENUE 9TH FLOOR SUITE
    805
    NEW YORK,NY10036
    WILLIAM RUPP VICE PRESIDENT, TREASURER, DIR.
    1.00     		0 0 0
    530 FIFTH AVENUE 9TH FLOOR SUITE
    805
    NEW YORK,NY10036
    JOAN ROTHMAN DIRECTOR
    4.00     		0 0 0
    530 FIFTH AVENUE 9TH FLOOR SUITE
    805
    NEW YORK,NY10036
    NINA BERSHADKER EXECUTIVE DIRECTOR
    40.00     		226,800 11,340 0
    530 FIFTH AVENUE 9TH FLOOR SUITE
    805
    NEW YORK,NY10036
    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
    DEENA SCHAFFER PROGRAM OFFICER
    40.00     		100,172 5,009 0
    530 FIFTH AVE 9TH FLOOR SUITE 805
    NEW YORK,NY10036
    ERIN GONZALEZ PROGRAM OFFICER
    40.00     		80,122 4,006 0
    530 FIFTH AVE 9TH FLOOR SUITE 805
    NEW YORK,NY10036
    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
    JPMORGAN CHASE BANK INVESTMENT MANAGEMENT 347,830
    270 PARK AVENUE
    NEW YORK,NY10017
    OFFIT CAPITAL ADVISORS LLC INVESTMENT MANAGEMENT 106,781
    485 LEXINGTON AVENUE 24TH FLOOR
    NEW YORK,NY10017
    MCKINNON WRIGHT WEALTH MANAGEMENT INVESTMENT MANAGEMENT 90,151
    500 W CYPRESS CREEK ROAD SUITE 680
    FORT LAUDERDALE,FL33309
    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  
    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
    188,322,342
    b
    Average of monthly cash balances.......................
    1b
    6,248,941
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    194,571,283
    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
    194,571,283
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,918,569
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    191,652,714
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    9,582,636
    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
    9,582,636
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    50,456
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    10,227
    c
    Add lines 2a and 2b............................
    2c
    60,683
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    9,521,953
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    9,521,953
    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
    9,521,953
    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
    11,666,200
    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
    11,666,200
    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
    11,666,200
    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 9,521,953
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 3,439,927
    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......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 11,666,200
    a Applied to 2019, but not more than line 2a 3,439,927
    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..... 8,226,273
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		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 ..........     		1,295,680
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    HORACE GREELEY SCHOLARSHIP FUND INC
    PO BOX 242
    CHAPPAQUA,NY10514     		N/A PC GENERAL OPERATING SUPPORT 1,500
    CHAPPAQUA SCHOOL FOUNDATION INC
    PO BOX 202
    CHAPPAQUA,NY10514     		N/A PC GENERAL OPERATING SUPPORT 1,500
    IN MY CARE MENTORING PROGRAM INC
    5306 ATLANTIC AVENUE SUITE 44
    HAMILTON TOWNSHIP,NJ08330     		N/A PC GENERAL OPERATING SUPPORT 2,000
    HIRSHHORN MUSEUM AND SCULPTURE GARDEN AT THE SMITHSONIAN
    1000 JEFFERSON DRIVE S W
    WASHINGTON,DC20560     		N/A PC GENERAL OPERATING SUPPORT 2,000
    FEEDING WESTCHESTER
    200 CLEARBROOK ROAD
    ELMSFORD,NY10523     		N/A PC COVID-19 EMERGENCY GRANT 2,000
    HIGH HOPES FOR THERAPEUTIC RIDING
    36 TOWN WOODS ROAD
    OLD LYME,CT06371     		N/A PC GENERAL OPERATING SUPPORT 2,000
    CHILDREN'S RIGHTS INC
    88 PINE STREET SUITE 800
    NEW YORK,NY10005     		N/A PC GENERAL OPERATING SUPPORT 2,500
    CATALYST ACADEMY CHARTER SCHOOL
    6401 PENN AVENUE 3RD FLOOR
    PITTSBURGH,PA15206     		N/A PC GENERAL OPERATING SUPPORT 2,500
    VISIONS - SERVICES FOR THE BLIND AND VISUALLY IMPAIRED
    500 GREENWICH ST 3RD FLOOR
    NEW YORK,NY10013     		N/A PC GENERAL OPERATING SUPPORT 5,000
    SPRINGBOARD SCHOOL
    11 HAROLD STREET
    TENAFLY,NJ07670     		N/A PC GENERAL OPERATING SUPPORT 5,000
    FRIENDS OF KAREN INC
    118 TITICUS ROAD
    NORTH SALEM,NY10560     		N/A PC GENERAL OPERATING SUPPORT 5,000
    POETRY SOCIETY OF AMERICA
    15 GRAMERCY PARK
    NEW YORK,NY10003     		N/A PC GENERAL OPERATING SUPPORT 5,000
    RENAISSANCE INTERNATIONAL
    1040 BAYVIEW DRIVE SUITE 317
    FORT LAUDERDALE,FL33304     		N/A PC GENERAL OPERATING SUPPORT 5,000
    NEW YORK CITY CHARTER SCHOOL CENTER
    111 BROADWAY SUITE 604
    NEW YORK,NY10006     		N/A PC GENERAL OPERATING SUPPORT 5,000
    SHINING HOPE FOR COMMUNITIES
    175 VARICK STREET 5TH FLOOR
    NEW YORK,NY10014     		N/A PC GENERAL OPERATING SUPPORT 5,000
    THE IDEAL SCHOOL OF MANHATTAN
    314 WEST 91ST STREET
    NEW YORK,NY10024     		N/A PC GENERAL OPERATING SUPPORT 5,000
    KIDS IN CRISIS INC
    1 SALEM ST
    COS COB,CT068072624     		N/A PC GENERAL OPERATING SUPPORT 5,000
    FUND FOR THE CITY OF NEW YORK INC
    520 8TH AVE
    NEW YORK,NY10018     		N/A PC GENERAL OPERATING SUPPORT 5,500
    THE BRONX COMMUNITY FOUNDATION
    557 GRAND CONCOURSE STE 3 125
    THE BRONX,NY10451     		N/A PC GENERAL OPERATING SUPPORT 7,500
    BLACK WOMEN'S HEALTH IMPERATIVE
    384 NORTHYARDS BOULEVARD NORTHWEST
    SUITE 190
    ATLANTA,GA30318     		N/A PC GENERAL OPERATING SUPPORT 7,500
    BRONXWORKS INC
    60 EAST TREMONT AVENUE
    THE BRONX,NY10453     		N/A PC GENERAL OPERATING SUPPORT 7,500
    AUDUBON CONNECTICUT - GREENWICH CHAPTER
    613 RIVERSVILLE ROAD
    GREENWICH,CT06831     		N/A PC GENERAL OPERATING SUPPORT 10,000
    SCARSDALE SYNAGOGUE TEMPLES TREMONT AND EMANU-EL
    2 OGDEN ROAD
    SCARSDALE,NY10583     		N/A PC GENERAL OPERATING SUPPORT 10,000
    CHILDREN'S AID
    711 THIRD AVENUE SUITE 700
    NEW YORK,NY10017     		N/A PC 2020 COLLEGE PREP CHARTER SCHOOL GRANT 10,000
    SID JACOBSON JEWISH COMMUNITY CENTER INC
    300 FOREST DRIVE
    EAST HILLS,NY11548     		N/A PC 2020 EXIT GIFT 10,000
    JUVENILE DIABETES RESEARCH FOUNDATION INTERNATIONAL
    3411 NW 9TH AVENUE SUITE 701
    FORT LAUDERDALE,FL33309     		N/A PC GENERAL OPERATING SUPPORT 10,000
    BOWERY RESIDENT'S COMMITTEE INC
    131 WEST 25TH STREET 12TH FLOOR
    NEW YORK,NY10001     		N/A PC GENERAL OPERATING SUPPORT 10,000
    NATIONAL ALLIANCE ON MENTAL ILLNESS OF NEW YORK CITY
    505 8TH AVENUE SUITE 1103
    NEW YORK,NY10018     		N/A PC GENERAL OPERATING SUPPORT 10,000
    BECCA'S CLOSET INC
    8181 W BROWARD BLVD
    PLANTATION,FL33324     		N/A PC GENERAL OPERATING SUPPORT 15,000
    FEEDING SOUTH FLORIDA
    2501 SW 32 TERRACE
    PEMBROKE PARK,FL33023     		N/A PC COVID-19 EMERGENCY GRANT 15,000
    NICHOLAS CENTER
    382 MAIN STREET
    PORT WASHINGTON,NY11050     		N/A PC COVID-19 2020 STRATEGIC PLANNING GRANT 15,000
    FOOD BANK FOR NYC
    39 BROADWAY 10TH FLOOR
    NEW YORK,NY10006     		N/A PC COVID-19 EMERGENCY GRANT 20,000
    CITY HARVEST INC
    6 EAST 32ND STREET 5TH FLOOR
    NEW YORK,NY10016     		N/A PC COVID-19 EMERGENCY GRANT 20,000
    PALM BEACH MARITIME ACADEMY
    1518 LANTANA ROAD
    LANTANA,FL33462     		N/A PC GENERAL OPERATING SUPPORT 20,000
    CHILDREN'S CANCER AND BLOOD FOUNDATION INC
    466 LEXINGTON AVENUE 16TH FLOOR
    NEW YORK,NY10017     		N/A PC GENERAL OPERATING SUPPORT 20,000
    PALM BEACH HABILITATION CENTER
    4522 SOUTH CONGRESS AVENUE
    LAKE WORTH,FL33461     		N/A PC 2020 EXIT GIFT/GRANT 20,000
    HEARTSHARE HUMAN SERVICES OF NEW YORK
    12 METROTECH CENTER 29TH FLOOR
    BROOKLYN,NY11201     		N/A PC COVID-19 EMERGENCY GRANT 25,000
    BEST BUDDIES INTERNATIONAL INC - BROWARD
    105 E ROBINSON STREET SUITE 540
    ORLANDO,FL32801     		N/A PC COVID-19 EMERGENCY GRANT 25,000
    WORLD CENTRAL KITCHEN
    1342 FLORIDA AVENUE NW
    WASHINGTON,DC20009     		N/A PC COVID-19 EMERGENCY GRANT 25,000
    GILDA'S CLUB NEW YORK CITY
    195 WEST HOUSTON STREET
    NEW YORK,NY10014     		N/A PC GENERAL OPERATING SUPPORT 30,000
    RISING TREETOPS AT OAKHURST
    1140 BROADWAY SUITE 903
    NEW YORK,NY10001     		N/A PC COVID-19 EMERGENCY GRANT 33,600
    CO LAB THEATER GROUP INC
    PO BOX 727
    NEW YORK,NY10108     		N/A PC GENERAL OPERATING SUPPORT 40,000
    NEW YORK TRANSIT MUSEUM
    130 LIVINGSTON ST 10TH FLOOR
    BROOKLYN,NY11201     		N/A PC ACCESS PROGRAMS 2020 40,000
    YWCA OF WHITE PLAINS & CENTRAL WESTCHESTER
    515 NORTH STREET
    WHITE PLAINS,NY10605     		N/A PC GENERAL OPERATING SUPPORT 40,000
    WOW CENTER MIAMI
    11450 SW 79TH STREET
    MIAMI,FL33173     		N/A PC COVID-19 EMERGENCY GRANT 50,000
    SPECIAL OLYMPICS NEW YORK
    504 BALLTOWN RD
    SCHENECTADY,NY123042201     		N/A PC COVID-19 EMERGENCY GRANT 50,000
    WOW CENTER MIAMI
    11450 SW 79TH STREET
    MIAMI,FL33173     		N/A PC GENERAL OPERATING SUPPORT 50,000
    THE JEWISH COMMUNITY CENTER IN MANHATTAN INC
    334 AMSTERDAM AVE
    NEW YORK,NY10023     		N/A PC LITERACY 2020 50,000
    GALLOPNYC
    540 PRESIDENT STREET 3RD FLOOR
    BROOKLYN,NY11215     		N/A PC COVID-19 EMERGENCY GRANT 55,000
    TECH KIDS UNLIMITED
    2 METROTECH CENTER 8TH FLOOR
    BROOKLYN,NY11201     		N/A PC GENERAL OPERATING SUPPORT 65,000
    GILDA'S CLUB OF SOUTH FLORIDA
    119 ROSE DRIVE
    FT LAUDERDALE,FL33316     		N/A PC LEGACY GIFT 2020 70,000
    EQUINE-ASSISTED THERAPIES OF SOUTH FLORIDA INC
    PO BOX 273542
    BOCA RATON,FL33427     		N/A PC GENERAL OPERATING SUPPORT 75,000
    THE ARC OF THE UNITED STATES
    1825 K STREET NW SUITE 1200
    WASHINGTON,DC20006     		N/A PC ADVOCACY PROGRAMS 2020 75,000
    MOMA ACCESS PROGRAMS
    11 W 53 ST
    NEW YORK,NY10019     		N/A PC ACCESS PROGRAMS 2019 75,000
    NICHOLAS CENTER
    382 MAIN STREET
    PORT WASHINGTON,NY11050     		N/A PC WESTCHESTER EXPANSION 2020 80,000
    BROWARD CHILDREN'S CENTER
    200 SE 19TH AVENUE
    POMPANO BEACH,FL330607543     		N/A PC COVID-19 EMERGENCY GRANT 81,200
    JACK & JILL CHILDREN'S CENTER
    1315 WEST BROWARD BLVD
    FORT LAUDERDALE,FL33312     		N/A PC LEGACY GIFT 2020 100,000
    BROWARD CENTER FOR THE PERFORMING ARTS
    201 SW FIFTH AVE
    FORT LAUDERDALE,FL33312     		N/A PC COVID-19 EMERGENCY GRANT 100,000
    RAMAPO FOR CHILDREN INC
    49 WEST 38TH STREET 5TH FLOOR
    NEW YORK,NY10018     		N/A PC COVID-19 EMERGENCY GRANT 100,000
    LINCOLN CENTER FOR THE PERFORMING ARTS INC
    70 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		N/A PC ACCESSIBILITY PROGRAMS 2020 100,000
    JOB PATH INC
    256 WEST 38TH STREET
    NEW YORK,NY10018     		N/A PC COVID-19 EMERGENCY GRANT 100,000
    AHRC NYC NEW PROJECTS INC
    83 MAIDEN LANE
    NEW YORK,NY10038     		N/A PC COVID-19 EMERGENCY GRANT 100,000
    NICKLAUS CHILDREN'S HOSPITAL
    3100 SW 62ND AVE
    MIAMI,FL33155     		N/A PC RED NOSE DOCS 2019 115,000
    MEMORIAL SLOAN-KETTERING CANCER CENTER
    885 SECOND AVENUE
    NEW YORK,NY10017     		N/A PC GENERAL OPERATING SUPPORT 115,000
    FLORIDA ATLANTIC UNIVERSITY - CARD
    777 GLADES ROAD AD-10 295
    BOCA RATON,FL33431     		N/A PC LITTLE OWLS GRANT 121,249
    RISING TREETOPS AT OAKHURST
    1140 BROADWAY SUITE 903
    NEW YORK,NY10001     		N/A PC GENERAL OPERATING SUPPORT 125,000
    HEARTSHARE HUMAN SERVICES OF NEW YORK
    12 METROTECH CENTER 29TH FLOOR
    BROOKLYN,NY11201     		N/A PC GENERAL OPERATING SUPPORT 125,000
    SNACK & FRIENDS INC
    316 EAST 53RD STREET
    NEW YORK,NY10022     		N/A PC COVID-19 EMERGENCY GRANT 125,000
    BEST BUDDIES INTERNATIONAL INC - NEW YORK
    1133 AVENUE OF THE AMERICAS SUITE
    3110
    NEW YORK,NY10036     		N/A PC JOBS PROGRAM 2020 SUPPORT 125,000
    BEST BUDDIES INTERNATIONAL INC - BROWARD
    105 E ROBINSON STREET SUITE 540
    ORLANDO,FL32801     		N/A PC JOBS PROGRAM 2020 SUPPORT 125,000
    CHILDREN'S DIAGNOSTIC & TREATMENT CENTER
    1401 S FEDERAL HWY
    FORT LAUDERDALE,FL33316     		N/A PC TAFT PROGRAM 2019 141,000
    AHRC NYC NEW PROJECTS INC
    83 MAIDEN LANE
    NEW YORK,NY10038     		N/A PC PARTNERSHIP WITH NYC DSS: PII 2018-2021 143,008
    THE JEWISH COMMUNITY CENTER IN MANHATTAN INC
    334 AMSTERDAM AVE
    NEW YORK,NY10023     		N/A PC SILVER CENTER 2020 150,000
    GALLOPNYC
    540 PRESIDENT STREET 3RD FLOOR
    BROOKLYN,NY11215     		N/A PC GENERAL OPERATING SUPPORT 150,000
    SNACK & FRIENDS INC
    316 EAST 53RD STREET
    NEW YORK,NY10022     		N/A PC GENERAL OPERATING SUPPORT 150,000
    VOLUNTEER NEW YORK
    220 WHITE PLAINS ROAD
    TARRYTOWN,NY10591     		N/A PC RISE PROGRAM 2019 152,000
    THEATRE DEVELOPMENT FUND
    520 8TH AVENUE SUITE 801
    NEW YORK,NY10018     		N/A PC COVID-19 EMERGENCY GRANT 170,000
    WESTCHESTER JEWISH COMMUNITY SERVICES
    845 NORTH BROADWAY
    WHITE PLAINS,NY10603     		N/A PC TAFT CENTER 2020 173,160
    NSU - MAILMAN CENTER FOR HUMAN DEVELOPMENT
    3305 COLLEGE AVENUE LEO GOODWIN SR
    HALL 120B
    FT LAUDERDALE,FL33312     		N/A PC 2019 DEV ASSESSMENT CLINIC GRANT 183,333
    RAMAPO FOR CHILDREN INC
    49 WEST 38TH STREET 5TH FLOOR
    NEW YORK,NY10018     		N/A PC 2019 SAE GRANT 190,000
    ST MARY'S HEALTHCARE SYSTEM FOR CHILDREN
    29-01 216TH STREET
    BAYSIDE,NY11360     		N/A PC COMPLEMENTARY CARE 2020 195,000
    INCLUDENYC
    116 EAST 16TH STREET 5TH FLOOR
    NEW YORK,NY10003     		N/A PC PROJECT POSSIBILITY 2019 200,000
    NSU LAW CENTER
    3305 COLLEGE AVENUE LEO GOODWIN SR
    HALL 120B
    FT LAUDERDALE,FL33312     		N/A PC AIDD CLINIC 2020-2023 219,911
    UNIVERSITY OF MIAMI - MAILMAN CENTER FOR CHILD DEVELOPMENT
    1601 NW 12TH AVE
    MIAMI,FL33136     		N/A PC 2020-2022 FAMILY NAVIGATOR PROGRAM 232,163
    UNIVERSITY OF MIAMI - CARD
    5665 PONCE DE LEON BLVD
    CORAL GABLES,FL33124     		N/A PC NSU BRANCH RENEWAL, EMPLOYMENT EXPANSION 2018 234,796
    COOKE SCHOOL AND INSTITUTE
    475 RIVERSIDE DRIVE SUITE 730
    NEW YORK,NY10115     		N/A PC TRANSITION TO LIFE 2020 238,062
    FLORIDA ATLANTIC UNIVERSITY - ACADEMY FOR COMMUNITY INCLUSION
    777 GLADES ROAD BLDG 47 RM 351
    BOCA RATON,FL33431     		N/A PC 2020-2024 245,486
    SCO FAMILY OF SERVICES
    1 ALEXANDER PLACE
    GLEN COVE,NY11542     		N/A PC COVID-19 EMERGENCY GRANT 250,000
    CHILDREN'S AID
    711 THIRD AVENUE SUITE 700
    NEW YORK,NY10017     		N/A PC COVID-19 EMERGENCY GRANT 250,000
    THE CENTER FOR DISCOVERY
    PO BOX 840
    HARRIS,NY12742     		N/A PC 2020 COVID-19 EMERGENCY GRANT 250,000
    ARC BROWARD INC
    10250 NW 53RD ST
    SUNRISE,FL33351     		N/A PC COVID-19 EMERGENCY GRANT 250,000
    QSAC INC
    253 W 35TH ST 14TH FLOOR
    NEW YORK,NY10001     		N/A PC GENERAL OPERATING SUPPORT 250,000
    ELS FOR AUTISM FOUNDATION
    18370 LIMESTONE CREEK ROAD
    JUPITER,FL33458     		N/A PC WORK EXPERIENCE & DAY TRAINING 2020 265,324
    JOB PATH INC
    256 WEST 38TH STREET
    NEW YORK,NY10018     		N/A PC 2019 CCE, PROJECT FIRST STEP, PROJECT SKILL BUILD GRANT 278,017
    SPECIAL OLYMPICS FLORIDA
    1915 DON WICKHAM DRIVE
    CLERMONT,FL34711     		N/A PC GENERAL OPERATING SUPPORT 290,000
    HEALTHY HUMOR INC
    17 STATE STREET SUITE 4000
    NEW YORK,NY10004     		N/A PC 2020 RED NOSE DOCS 295,000
    THE ARC WESTCHESTER
    265 SAW MILL RIVER RD
    HAWTHORNE,NY10532     		N/A PC COVID-19 EMERGENCY GRANT 300,000
    ARC BROWARD INC
    10250 NW 53RD ST
    SUNRISE,FL33351     		N/A PC EMPLOYMENT 2020 GRANT 300,000
    JAWONIO INC
    260 NORTH LITTLE TOR ROAD
    NEW CITY,NY10956     		N/A PC GENERAL OPERATING SUPPORT 300,000
    BROOKLYN LAW SCHOOL
    250 JORALEMON STREET
    BROOKLYN,NY11201     		N/A PC AIDD LEGAL CLINIC 2018 356,131
    CHILDREN'S AID
    711 THIRD AVENUE SUITE 700
    NEW YORK,NY10017     		N/A PC GENERAL OPERATING SUPPORT 500,000
    THE CENTER FOR DISCOVERY
    PO BOX 840
    HARRIS,NY12742     		N/A PC HAP, TRAINING INITIATIVE 2019 584,500
    Total .................................bullet 3a 10,801,940
    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 15,676  
    4 Dividends and interest from securities....     14 3,651,958  
    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 ............     		901101 -1,261 18 500,356  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER PARTNERSHIP INCOME     		901101 57,196   -57,196  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 55,935 4,110,794 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,166,729
    (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:
    THE TAFT FOUNDATION
    EIN:
    20-1232852
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    RUPP ASSOCIATES, INC - TAX PREPARATION 4,750 0   4,750

    TY 2020 GeneralExplanationAttachment
    Name:
    THE TAFT FOUNDATION
    EIN:
    20-1232852
    Identifier Return Reference Explanation
      REASONS FOR AMENDING THE FORM 990-PF THE TAFT FOUNDATION, (THE "FOUNDATION") IS AMENDING THE 2020 FORM 990-PF FOR THE FOLLOWING REASONS:PAGE 1, PART I, LINES 4, 7 COLUMN (B) AND LINE 11, COLUMNS (A) AND (B), PART I LINE 18 COLUMN (A) AND (B), AS WELL AS LINE 23 COLUMN (B) WERE AMENDED TO REFLECT INVESTMENT INCOME REPORTED ON SCHEDULE K-1'S RECEIVED BY THE FOUNDATION. PART I, LINE 15 COLUMNS (A) AND (D) WERE ADJUSTED TO RECLASS OFFICE EXPENSE TO LINE 23. ADDITIONALLY, LINE 20 COLUMN (A), (D) WERE AMENDED TO REFLECT THE CORRECTED RENT EXPENSE PER BOOKS. PAGE 2, PART II, LINES 1 AND 2, COLUMN (B) AND (C), WERE AMENDED TO PROPERLY REFLECT THE BALANCE OF SAVINGS AND TEMPORARY CASH INVESTMENTS. PART II, LINE 10(B) COLUMN C WAS UPDATED TO REFLECT PROPER FMV. LINE 13, COLUMN (B) AND (C), WAS AMENDED TO REFLECT A RECLASSIFICATION OF INVESTMENTS TO THEIR RESPECTIVE LINES AS WELL AS VALUE CORRECTIONS.PAGE 2, PART III, LINE 3 WAS UPDATED TO REFLECT THE NET CHANGE IN COST. PAGE 3, PART IV WAS AMENDED TO REFLECT REALIZED GAINS THROUGH K-1S.PAGE 4, PART VI, LINE 5 WAS AMENDED TO INCLUDE NEW TAX BASED ON INVESTMENT INCOME.PAGE 4, PART VII-A, LINES 4A AND 4B WERE AMENDED TO REFLECT THAT THE FOUNDATION HAD UNRELATED BUSINESS INCOME OF $1,000 OR MORE DURING THE YEAR, AND HAS FILED A TAX RETURN ON FORM 990-T FOR THIS YEAR.PAGE 8, PART X, LINES 1A AND 1B WERE AMENDED TO APPROPRIATELY REFLECT THE FOUNDATION'S FAIR MARKET VALUE OF ASSETS USED (OR HELD FOR USE) DIRECTLY IN CARRYING OUT CHARITABLE, ETC., PURPOSE. AS A CONSEQUENCE, PAGE 8, PART X, LINES 1D, 3, 4, 5 AND 6 WERE RECALCULATED. AS A CONSEQUENCE OF PAGE 8, PART X, LINE 6 BEING RECALCULATED, PAGE 8, PART XI, LINES 1, 3, 5 AND 7 WERE RECALCULATED. AS A CONSEQUENCE PAGE 9, PART XIII, LINES 1 COLUMN (D), LINE 4D COLUMN (D) AND LINE 6(F) WERE RECALCULATED.PAGE 8, PART XI, LINES 2(A) AND 2(B) WERE RECALCULATED TO REFLECT CHANGES ON TAX INVESTMENT INCOME AND INCOME TAX FROM 990-T.PAGE 12, PART XVI-A, WAS UPDATED TO REFLECTED UPDATES TO PART I, AS WELL AS TO INCLUDE UNRELATED BUSINESS INCOME IN COLUMN B.

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE TAFT FOUNDATION
    EIN:
    20-1232852
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE INC (ABBV) 13,003.000 SHARES 1,185,621 1,393,163
    ACCENTURE PLC (ACN) 175.000 SHARES 37,266 45,712
    ADIDAS AG (ADDDF) 130.000 SHARES 41,717 47,515
    ADVANCED MICRO DEVICES (AMD) 8,901.000 SHARES 337,001 816,311
    ALIBABA GROUP HOLDING (BABA) 1,650.000 SHARES 149,503 384,005
    ALPHABET INC CL A (GOOGL) 386.000 SHARES 314,875 676,519
    ALPHABET INC CL C (GOOG) 775.000 SHARES 564,790 1,357,707
    AMAZON COM INC (AMZN) 960.000 SHARES 695,048 3,126,764
    AMGEN INC (AMGN) 155.000 SHARES 794,153 815,756
    APPLE INC (AAPL) 430.000 SHARES 822,514 2,943,860
    AT&T (T) 15,000.000 SHARES 484,872 431,400
    AUTODESK INC (ADSK) 1,425.000 SHARES 107,081 435,110
    AUTOMATIC DATA PROCESSING (ADP) 335.000 SHARES 33,323 59,027
    AUTOZONE INC (AZO) 988.000 SHARES 835,529 1,171,215
    BALL CORP (BLL) 4,029.000 SHARES 148,051 375,422
    BANK OF AMERICA CORP (BAC) 47,423.000 SHARES 1,280,531 1,437,391
    BERKSHIRE HATHAWAY INC-CL B (BRK) 6,236.000 SHARES 1,311,417 1,445,941
    BLACKSTONE GROUP INC (BX) 7,000.000 SHARES 217,393 453,670
    BOEING CO (BA) 1,566.000 SHARES 251,311 335,218
    BOOKING HOLDINGS INC (BKNG) 254.000 SHARES 363,253 565,727
    CAPITAL ONE FINANCIAL CORP (COF) 14,841.000 SHARES 1,025,058 1,467,033
    CENTURYLINK INC (LUMN) 40,000.000 SHARES 442,355 390,000
    CERNER CORP (CERN) 1,698.000 SHARES 85,963 133,259
    CHEVRON CORPORATION (CVX) 4,000.000 SHARES 456,542 337,800
    CISCO SYSTEMS (CSCO) 9,074.000 SHARES 345,992 406,062
    COLGATE-PALMOLIVE CO (CL) 1,441.000 SHARES 97,754 123,220
    CVS HEALTH CORPORATION (CVS) 7,700.000 SHARES 489,319 525,910
    DEERE & CO (DE) 1,149.000 SHARES 126,073 309,138
    DEXCOM INC (DXCM) 1,199.000 SHARES 230,734 443,294
    DIAMONDBACK ENERGY INC (FANG) 10,000.000 SHARES 567,601 484,000
    DISH NETWORK CORP-A (DISH) 22,031.000 SHARES 775,740 712,480
    DUPONT DE NEMOURS INC (DD) 6,000.000 SHARES 375,799 426,660
    ENTERPRISE PRODUCTS PARTNERS (EPD) 23,000.000 SHARES 427,819 450,570
    EXPEDITORS INTL WASH INC (EXPD) 2,000.000 SHARES 106,613 190,220
    FACEBOOK INC (FB) 1,684.000 SHARES 201,210 460,001
    FACTSET RESEARCH SYSTEMS INC (FDS) 372.000 SHARES 60,507 123,690
    FEDERAL REALTY INVS TRUST (FRT) 7,619.000 SHARES 774,131 648,529
    GLOBAL PAYMENTS INC (GPN) 2,802.000 SHARES 398,011 603,607
    GOLDMAN SACHS GROUP INC (GS) 2,200.000 SHARES 508,071 580,162
    HOME DEPOT INC (HD) 4,215.000 SHARES 974,438 1,119,588
    ILLUMINA INC (ILMN) 450.000 SHARES 133,559 166,500
    INTEL CORP (INTC) 6,870.000 SHARES 331,564 342,263
    INTUITIVE SURGICAL INC (ISRG) 1,013.000 SHARES 256,649 828,735
    IONIS PHARMACEUTICALS (IONS) 11,200.000 SHARES 85,053 633,248
    JOHNSON & JOHNSON (JNJ) 2,000.000 SHARES 299,859 314,760
    JPMORGAN CHASE & CO (JPM) 5,285.000 SHARES 310,022 671,565
    KINDER MORGAN INC (KMI) 55,485.000 SHARES 1,217,845 1,083,826
    LINCOLN NATL CORP IND (LNC) 3,000.000 SHARES 147,000 150,930
    LOEWS CORP (L) 39,234.000 SHARES 1,629,499 1,766,315
    LOREAL SPONS ADR (LRLCY) 345.000 SHARES 23,016 26,272
    LVMH MOET (LVMHF) 65.000 SHARES 29,302 40,572
    MARATHON PETROLEUM (MPC) 17,312.000 SHARES 619,896 716,024
    MARTIN MARIETTA MATERIALS (MLM) 3,564.000 SHARES 641,545 1,012,069
    MASTERCARD INC - A (MA) 3,190.000 SHARES 329,542 1,138,639
    MATTEL INCORPORATED (MAT) 22,000.000 SHARES 308,491 383,900
    MERCK & CO INC NEW (MRK) 6,500.000 SHARES 507,651 531,700
    METLIFE INC (MET) 12,000.000 SHARES 489,436 563,400
    MICROSOFT CORP (MSFT) 13,924.000 SHARES 1,245,418 3,096,976
    MONSTER BEVERAGE CORP (MNST) 3,167.000 SHARES 144,223 292,884
    NESTLE SPONS ADR (NSRGY) 345.000 SHARES 38,522 40,641
    NEWMONT CORP (NEM) 7,000.000 SHARES 428,669 419,230
    NOVARTIS AG-SPONSORED ADR (NVS) 2,835.000 SHARES 226,319 267,709
    NOVO-NORDISK A/S SPONS ADR (NVO) 1,060.000 SHARES 32,945 74,041
    NVIDIA CORP (NVDA) 726.000 SHARES 107,926 379,117
    ORACLE CORP (ORCL) 4,879.000 SHARES 200,324 315,623
    PACKAGING CORP OF AMERICA (PKG) 4,277.000 SHARES 370,649 589,841
    PAYPAL HOLDINGS INC (PYPL) 3,986.000 SHARES 413,401 933,521
    PFIZER INCORPORATED (PFE) 13,000.000 SHARES 479,929 478,530
    PROCTER & GAMBLE CO/THE (PG) 4,902.000 SHARES 612,327 682,064
    PUBLIC STORAGE (PSA) 3,605.000 SHARES 687,031 832,503
    QUALCOMM INC (QCOM) 8,954.000 SHARES 710,114 1,364,052
    RAYTHEON TECHNOLOGIES CORP (RTX) 9,222.000 SHARES 552,185 659,465
    REGENERON PHARMACEUTICALS (REGN) 1,388.000 SHARES 685,738 670,557
    ROCHE HLDG AG SPON ADR (RHHBY) 5,291.000 SHARES 201,917 231,957
    ROYAL CARRIBEAN CRUISES LTD (RCL) 5,000.000 SHARES 234,193 373,450
    S&P GLOBAL INC (SPGI) 1,458.000 SHARES 203,440 479,288
    SALESFORCE.COM INC (CRM) 1,387.000 SHARES 209,882 308,649
    SANGAMO THERAPEUTICS INC (SGMO) 32,500.000 SHARES 420,055 507,163
    SCHLUMBERGER LTD (SLB) 4,202.000 SHARES 214,817 91,730
    SCHWAB CORP (SCHW) 27,306.000 SHARES 1,095,207 1,448,310
    SEI INVESTMENTS CO (SEIC) 2,079.000 SHARES 101,611 119,480
    SIMON PROPERTY GROUP REIT INC (SPG) 5,000.000 SHARES 320,540 426,400
    STANLEY BLACK & DECKER INC (SWK) 4,120.000 SHARES 554,994 735,667
    STARBUCKS CORP (SBUX) 1,968.000 SHARES 130,807 210,537
    SYNOPSYS INC (SNPS) 3,213.000 SHARES 424,363 832,938
    T ROWE PRICE GROUP INC (TROW) 3,274.000 SHARES 227,391 495,651
    TESLA INC (TSLA) 1,258.000 SHARES 86,826 887,733
    TJX COMPANIES INC (TJX) 645.000 SHARES 39,843 44,047
    TOTAL SE ADR (ADR) 9,000.000 SHARES 392,530 377,190
    TOYOTA MOTOR CORP (TM) 225.000 SHARES 31,981 34,778
    UNION PACIFIC CORP (UNP) 190.000 SHARES 35,138 39,562
    UNITEDHEALTH GROUP INC (UNH) 3,569.000 SHARES 551,723 1,251,577
    VERIZON COMMUNICATIONS (VZ) 10,000.000 SHARES 465,818 587,500
    VISA INC CL A (V) 2,153.000 SHARES 169,302 470,926
    WALGREENS BOOTS ALLIANCE INC (WBA) 11,000.000 SHARES 441,519 438,680
    WALT DISNEY CO (DIS) 1,925.000 SHARES 247,764 348,772
    WORKDAY INC (WDAY) 491.000 SHARES 69,646 117,649
    XCEL ENERGY INC (XEL) 10,509.000 SHARES 423,787 700,635
    YUM BRANDS INC (YUM) 972.000 SHARES 61,716 105,520
    YUM CHINA HOLDINGS INC (YUMC) 1,323.000 SHARES 37,177 75,530
    ZEBRA TECHNOLOGIES CORP-CL A (ZBRA) 1,556.000 SHARES 388,506 598,017

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE TAFT FOUNDATION
    EIN:
    20-1232852
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AKRE FOCUS INSTL (AKRIX) 11,073.926 QTY AT COST 412,178 609,620
    ARIEL INTERNATIONAL INSTL (AINIX) 19,140.412 QTY AT COST 264,658 272,942
    CLARKSTON PARTNERS INSTL (CISMX) 29,597.173 QTY AT COST 358,352 440,406
    DODGE & COX INCOM (DODIX) 385,099.030 QTY AT COST 5,308,039 5,641,701
    DOUBLELINE TTL RTRN BND (DDTRX) 300,765.730 QTY AT COST 3,247,672 3,221,201
    EDGEWOOD GROWTH INSTL (EGFIX) 13,174.032 QTY AT COST 255,436 682,020
    ETON PARK OVERSEAS FUND, LTD AT COST 705 1,110
    FIDELITY 500 INDEX INST PRM (FXAIX) 107,348.882 QTY AT COST 10,014,447 13,973,604
    FIDELITY INTL INDX-INST PRM (FSPSX) 202,438.950 QTY AT COST 8,680,931 9,233,241
    GROSVENOR ALTERNATIVE INVESTMENT COMPLETION PORTFOLIO, LTD AT COST 17,217,605 19,679,278
    GSO PRIVATE INVESTORS OFFSHORE III SICAV-RAIF S.C.S AT COST 185,109 179,235
    HEALTH CARE SELECT SECTOR (XLV) 41,753.000 QTY AT COST 3,998,234 4,736,460
    INVESCO QQQ TRUST SERIES 1 (QQQ) 11,021.000 QTY AT COST 1,829,623 3,457,729
    ISHARES CORE MSCI EMERGING (IEMG) 78,232.000 QTY AT COST 4,001,035 4,853,513
    ISHARES GLOBAL INFRASTRUCTURE (IGF) 30,005.000 QTY AT COST 1,351,830 1,311,519
    ISHARES MSCI ALL COUNTRY ASI (AAXJ) 41,283.000 QTY AT COST 2,832,373 3,699,370
    ISHARES MSCI BRAZIL ETF (EWZ) 39,316.000 QTY AT COST 1,288,244 1,457,444
    ISHARES MSCI INDIA ETF (INDA) 44,406.000 QTY AT COST 1,211,946 1,786,009
    ISHARES MSCI JAPAN ETF (EWJ) 48,463.000 QTY AT COST 2,719,432 3,274,160
    ISHARES RUSSELL 1000 VALUE E (IWD) 21,275.000 QTY AT COST 2,640,925 2,908,931
    JPM MANAGED INCOME FD (JMGIX) 97,422.450 QTY AT COST 974,224 978,121
    LORD ABBETT DEVELOPING GROWTH FUND (LADYX) 7,800.642 QTY AT COST 290,144 303,991
    MATTHEWS JAPAN INSTL (MIJFX) 12,106.978 QTY AT COST 250,367 306,549
    NB GREATER CHINA EQUITY INST (NCEIX) 114,820.797 QTY AT COST 1,400,000 1,431,815
    OAKMARK INTERNATIONAL INST (OANIX) 156,702.784 QTY AT COST 3,706,362 4,083,675
    PARNASSUS CORE EQUITY (PRILX) 57,400.968 QTY AT COST 2,381,566 3,085,302
    PGIM GLOBAL REAL ESTATE Q (PGRQX) 149,558.830 QTY AT COST 3,566,978 3,387,508
    PIMCO COMMODITY PL STRAT INS (PCLIX) 280,827.903 QTY AT COST 1,418,181 1,387,290
    PIMCO INV GRD CRD BND (PIGIX) 333,447.120 QTY AT COST 3,542,087 3,764,618
    PIMCO TOTAL RETURN FUND (PTTRX) 551,688.760 QTY AT COST 5,510,032 5,847,901
    ROYCE VALUE TRUST INC (RVT) 20,000.000 QTY AT COST 225,679 322,800
    SCHWAB US TIPS ETF (SCHP) 48,051.000 QTY AT COST 2,642,566 2,983,006
    SILVER LAKE PARTNERS IV (SLP IV) PRIVATE INVESTORS, LP AT COST 173,630 1,491,903
    SPYGLASS GROWTH INSTL (SPYGX) 28,288.591 QTY AT COST 335,798 627,724
    T ROWE PR JAPAN FUND-I (RJAIX) 98,935.816 QTY AT COST 1,414,782 1,996,525
    T ROWE PRICE NEW ASIA (PNSIX) 73,115.358 QTY AT COST 1,414,782 1,840,314
    VANECK GOLD MINERS (GDX) 67,120.000 QTY AT COST 1,595,439 2,417,662
    VANGUARD 500 INDEX ADMIRAL (VFIAX) 8,708.809 QTY AT COST 1,549,783 3,018,212
    VANGUARD FINANCIALS ETF (VFH) 34,398.000 QTY AT COST 2,157,884 2,505,891
    VANGUARD MID-CAP ETF (VO) 17,390.000 QTY AT COST 2,711,408 3,595,730
    VANGUARD TOT BD MKT IX ADM (VBTLX) 1,469,327.199 QTY AT COST 16,115,547 17,073,582
    WCM FOCUSED INTL GROWTH INSTL (WCMIX) 24,895.114 QTY AT COST 306,205 616,154
    OCA BREDS IV TE LLC AT COST 87,285 90,437
    OCA CMTG LLC AT COST 449,783 450,000
    ALPHAGEN EUROPEAN BEST IDEAS FUND AT COST 338,000 318,928
    OCA STRATEGIC ADVISORS AT COST 450,000 547,946
    AKO EUROPEAN LONG ONLY AT COST 260,000 273,650
    OCA ECHO STREET CREDIT AT COST 520,000 520,000

    TY 2020 LegalFeesSchedule
    Name:
    THE TAFT FOUNDATION
    EIN:
    20-1232852
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    KRAMER LEVIN NAFTALIS & FRANKEL, LLP 1,874 0   1,874


    TY 2020 OtherExpensesSchedule
    Name:
    THE TAFT FOUNDATION
    EIN:
    20-1232852
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES & SUBSCRIPTIONS 15,100 0   15,100
    INSURANCE 9,531 0   9,531
    OFFICE EXPENSE 19,178 0   19,178
    FILING FEES 1,500 0   1,500
    BANK CHARGES 7,090 7,090   0
    OTHER PARTNERSHIP EXPENSES 15,372 16,872   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE TAFT FOUNDATION
    EIN:
    20-1232852
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER PARTNERSHIP INCOME THRU K-1S   30,380  


    TY 2020 OtherIncreasesSchedule
    Name:
    THE TAFT FOUNDATION
    EIN:
    20-1232852
    Description Amount
    TO ADJUST BEGINNING NET ASSETS TO AGREE TO FINANCIAL STATEMENTS 13,087,329


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE TAFT FOUNDATION
    EIN:
    20-1232852
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 546,497 546,497   0
    CONSULTING FEES 37,263 0   37,263


    TY 2020 ReasonableCauseExplanation
    Name:
    THE TAFT FOUNDATION
    EIN:
    20-1232852
    Explanation:
    RETURN FILING EXTENDED TO JANUARY 3, 2022THE TAFT FOUNDATION HAS MADE A DECLARATION WITH THE IRS TO POSTPONE THE FILING OF ITS TAX RETURN TO ON OR BEFORE JANUARY 3, 2022 DUE TO THE EFFECTS OF HURRICANE IDA. THE IRS'S HURRICANE IDA TAX RELIEF POSTPONES VARIOUS TAX FILINGS AND PAYMENTS NORMALLY DUE AFTER SEPTEMBER 1, 2021 THROUGH JANUARY 3, 2022. AS SUCH, PLEASE ACCEPT OUR TAX RETURN AS BEING TIMELY FILED.

    TY 2020 TaxesSchedule
    Name:
    THE TAFT FOUNDATION
    EIN:
    20-1232852
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 100,000 0   0
    FOREIGN TAX 3,549 5,310   0