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 01-01-2021 , and ending 12-31-2021
Name of foundation
THE WATERWHEEL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)CO BGCO 420 LEXINGTON AVE 2520
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10170
A Employer identification number

13-3948773
B Telephone number (see instructions)

(212) 582-9700
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$11,184,862J 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) 2,344,605
2 Check bullet.............
3 Interest on savings and temporary cash investments 289 289  
4 Dividends and interest from securities... 209,372 209,372  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 488,594
b Gross sales price for all assets on line 6a 1,014,009
7 Capital gain net income (from Part IV, line 2)... 488,594
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 282 282  
12 Total. Add lines 1 through 11........ 3,043,142 698,537  
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)......... Click to see attachment 4,970 0   0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 30,625 30,407   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 6,758 6,758   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 6,000 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 48,353 37,165   0
25 Contributions, gifts, grants paid....... 970,933 970,933
26 Total expenses and disbursements. Add lines 24 and 25 1,019,286 37,165   970,933
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,023,856
b Net investment income (if negative, enter -0-) 661,372
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............. 894,437 755,294 755,294
2 Savings and temporary cash investments......... 2,026,835 2,180,081 2,180,081
3 Accounts receivable bullet2,864
Less: allowance for doubtful accounts bullet   4,877 2,864 2,864
4 Pledges receivable bullet580,797
Less: allowance for doubtful accounts bullet   62,826 580,797 580,797
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)....... 5,832,203 Click to see attachment6,453,757 7,652,779
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet1,155
Less: accumulated depreciation (attach schedule) bullet1,155      
15 Other assets (describe bullet) Click to see attachment5,600 Click to see attachment13,047 Click to see attachment13,047
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,826,778 9,985,840 11,184,862
Liabilities 17 Accounts payable and accrued expenses.......... 2,383 3,637
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment1,348,323 Click to see attachment482,275
23 Total liabilities (add lines 17 through 22)......... 1,350,706 485,912
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........... 7,476,072 9,499,928
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)..... 7,476,072 9,499,928
30 Total liabilities and net assets/fund balances (see instructions). 8,826,778 9,985,840
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
7,476,072
2
Enter amount from Part I, line 27a .....................
2
2,023,856
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
9,499,928
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
9,499,928
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 PUBLICLY TRADED SECURITIES SANFORD BERNSTEIN P 2021-01-01 2021-12-31
b PUBLICLY TRADED SECURITIES SANFORD BERNSTEIN P 2020-01-01 2021-12-31
c PUBLICLY TRADED SECURITIES SANFORD BERNSTEIN CIL P 2020-01-01 2021-12-31
d CAPITAL GAINS DIVIDENDS P    
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 252,448   187,893 64,555
b 537,235   337,522 199,713
c 70     70
d 224,256     224,256
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       64,555
b       199,713
c       70
d       224,256
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 2 488,594
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 9,193
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 9,193
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 5,969
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 8,700
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 14,669
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 5,476
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet5,476 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)
    bulletVT
    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. Click to see attachment...............................
    10
    Yes
     
    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 addressbulletPHISH.COM/WATERWHEEL
    14
    The books are in care ofbulletBURTON GOLDSTEIN CO LLC Telephone no.bullet (212) 582-9700

    Located atbullet420 LEXINGTON AVE STE 2520NEW YORKNY ZIP+4bullet10170
    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
    ERNEST ANASTASIO III PRESIDENT
    2.00     		0 0 0
    C/O BGCO 420 LEXINGTON AVE STE 2520
    NEW YORK,NY10170
    MICHAEL GORDON VP
    2.00     		0 0 0
    C/O BGCO 420 LEXINGTON AVE STE 2520
    NEW YORK,NY10170
    PAGE MCCONNELL VP
    2.00     		0 0 0
    C/O BGCO 420 LEXINGTON AVE STE 2520
    NEW YORK,NY10170
    JONATHAN FISHMAN VP
    2.00     		0 0 0
    C/O BGCO 420 LEXINGTON AVE STE 2520
    NEW YORK,NY10170
    BETH MONTUORI ROWLES SECRETARY
    6.00     		0 0 0
    C/O BGCO 420 LEXINGTON AVE STE 2520
    NEW YORK,NY10170
    BURTON GOLDSTEIN TREASURER
    2.00     		0 0 0
    C/O BGCO 420 LEXINGTON AVE STE 2520
    NEW YORK,NY10170
    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
    7,148,622
    b
    Average of monthly cash balances.......................
    1b
    2,928,323
    c
    Fair market value of all other assets (see instructions)................
    1c
    254,535
    d
    Total (add lines 1a, b, and c).........................
    1d
    10,331,480
    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
    10,331,480
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    154,972
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    10,176,508
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    508,825
    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
    508,825
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    9,193
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,193
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    499,632
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    499,632
    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
    499,632
    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 7 499,632
    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...... 440,744
    b From 2017...... 419,537
    c From 2018...... 372,462
    d From 2019...... 496,015
    e From 2020...... 2,139,254
    f Total of lines 3a through e ........ 3,868,012
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 970,933
    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)........     		0
    d Applied to 2021 distributable amount..... 499,632
    e Remaining amount distributed out of corpus 471,301
    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 4,339,313
    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) ...     		440,744
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		3,898,569
    10 Analysis of line 9:
    a Excess from 2017.... 419,537
    b Excess from 2018.... 372,462
    c Excess from 2019.... 496,015
    d Excess from 2020.... 2,139,254
    e Excess from 2021.... 471,301
    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
    JENNA TATRO MEMORIAL FUND
    117 ST JOHNS ROAD
    JOHNSON,VT05656     		NONE PUBLIC CHARITY GENERAL 40,000
    BOYS & GIRLS CLUB OF BRATTLEBORO
    17 FLAT STREET
    BRATTLEBORO,VT05301     		NONE PUBLIC CHARITY GENERAL 1,000
    BURLINGTON CITY ARTS
    135 CHURCH ST
    BURLINGTON,VT05401     		NONE PUBLIC CHARITY GENERAL 65,000
    CHILL FOUNDATION
    180 QUEEN CITY PARK ROAD
    BURLINGTON,VT05401     		NONE PUBLIC CHARITY GENERAL 2,000
    COLUMBIA RIVERKEEPER
    1125 SE MADISON ST STE 130A
    PORTLAND,OR97214     		NONE PUBLIC CHARITY GENERAL 5,000
    COMMON ROOTS
    PO BOX 9335
    SO BURLINGTON,VT05407     		NONE PUBLIC CHARITY GENERAL 50,000
    COMMUNITY DISASTER RESOURCE CENTER
    1245 LONE INDIAN TRAIL SOUTH
    LAKE TAHOE,CA96150     		NONE PUBLIC CHARITY GENERAL 10,000
    COMMUNITY FOOD BANK OF CENTRAL ALABAMA
    107 WALTER DAVIS DRIVE
    BIRMINGHAM,AL35209     		NONE PUBLIC CHARITY GENERAL 14,476
    COMMUNITY SAILING CENTER
    500 LAKE STREET
    BURLINGTON,VT05401     		NONE PUBLIC CHARITY GENERAL 14,225
    CONSERVATION LAW FOUNDATION
    62 SUMMER STREET
    BOSTON,MA02110     		NONE PUBLIC CHARITY GENERAL 38,020
    CONSIOUS ALLIANCE
    2525 ARPAHOE AVESTE E4-182
    BOULDER,CO80302     		NONE PUBLIC CHARITY GENERAL 14,476
    ECHO AT THE LEAHY CENTER
    ONE COLLEGE STREET
    BURLINGTON,VT05401     		NONE PUBLIC CHARITY GENERAL 25,000
    EL DORADO COMMUNITY FOUNDATION
    PO BOX 1388
    PLACERVILLE,CA95667     		NONE PUBLIC CHARITY GENERAL 118,464
    INTERVALE CENTER
    180 INTERVALE ROAD
    BURLINGTON,VT05401     		NONE PUBLIC CHARITY GENERAL 10,000
    FAITH IN ACTION NORTHERN COMMUNITIES
    PO BOX 157
    CABOT,VT05647     		NONE PUBLIC CHARITY GENERAL 5,000
    GENERATOR INC
    40 SEARS LANE REAR
    BURLINGTON,VT05401     		NONE PUBLIC CHARITY GENERAL 12,500
    GREEN MOUNTAIN CLUB
    4711 WATERBURY STOWE ROAD
    WATERBURY CENTER,VT05677     		NONE PUBLIC CHARITY GENERAL 10,000
    GROOVESAFE
    14 CROSS STREET
    STOWE,MA01775     		NONE PUBLIC CHARITY GENERAL 42,962
    HEALTH ALLIANCE CLINTON HOSPITAL
    60 HOSPITAL ROAD
    LEOMINSTER,MA01453     		NONE PUBLIC CHARITY GENERAL 1,000
    HISTORIC ORGAN RESTORATION COMMITTEE INC
    2301 BOARDWALK
    ATLANTIC CITY,NJ08401     		NONE PUBLIC CHARITY GENERAL 5,000
    KIDS ON THE BALL INC
    19 LINDENWOOD DRIVE
    SO BURLINGTON,VT05403     		NONE PUBLIC CHARITY GENERAL 15,000
    KINGDOM COUNTY PRODUCTIONS
    949 SOMERS ROAD
    BARNET,VT05821     		NONE PUBLIC CHARITY GENERL 2,500
    MAKE A WISH VERMONT
    6655 SHELBURNE ROAD STE 300
    SHELBURNE,VT05482     		NONE PUBLIC CHARITY GENERAL 10,000
    MEALS ON WHEELS AMERICA
    1550 CRYSTAL DRIVE 1004
    ARLINGTON,VA22202     		NONE PUBLIC CHARITY GENERAL 35,583
    NORTHWEST ARKANSAS WOMEN'S SHELTER
    PO BOX 1059
    ROGERS,AR72757     		NONE PUBLIC CHARITY GENERAL 14,476
    MOCKINGBIRD FOUNDATION
    12407 WILLOW GROVE COURT
    MOORPARK,CA93021     		NONE PUBLIC CHARITY GENERAL 9,000
    NATIONAL IMMIGRATION LAW CENTER
    3450 WILSHIRE BLVD 108-62
    LOS ANGELES,CA90010     		NONE PUBLIC CHARITY GENERAL 21,000
    NORTHEAST ORGANIC FARMING ASSOC
    1010 JAMES STREET
    SYRACUSE,NY13203     		NONE PUBLIC CHARITY GENERAL 10,017
    NEW COMMUNTIY PROJECT
    117 NATURE RD
    BLUE RIDGE,VA24064     		NONE PUBLIC CHARITY GENERAL 2,000
    NOFARI
    247 EVANS ROAD
    CHEPACHET,RI02814     		NONE PUBLIC CHARITY GENERAL 6,000
    NORAVT
    PO BOX 697
    RICHMOND,VT05477     		NONE PUBLIC CHARITY GENERAL 27,500
    NORTHERN STAGE
    76 GATES STREET
    WHITE RIVER JUNCTION,VT05001     		NONE PUBLIC CHARITY GENERAL 5,000
    PENNSYLVANIA IMMIGRATION RESOURCES CENTER
    249 PLEASANT ACRE RD STE 202
    YORK,PA17402     		NONE PUBLIC CHARITY GENERAL 14,476
    PHANS FOR RACIAL EQUITY
    1325 13TH STREET NW APT 401
    WASHINGTON,DC20005     		NONE PUBLIC CHARITY GENERAL 46,378
    RINK INC
    522 SUMMER STREET
    ST JOHNSBURY,VT05819     		NONE PUBLIC CHARITY GENERAL 15,000
    ST ANNA PARISH
    199 LANCASTER STREET
    LEOMINSTER,MA01453     		NONE PUBLIC CHARITY GENERAL 1,000
    STOWE STORY LAB
    PO BOX 513
    STOWE,VT05762     		NONE PUBLIC CHARITY GENERAL 1,000
    SURFRIDER FOUNDATION
    PO BOX 73550
    SAN CLEMENTE,CA92673     		NONE PUBLIC CHARITY GENERAL 20,000
    STEPS TO END DOMESTIC VIOLENCE
    PO BOX 1535
    BURLINGTON,VT05402     		NONE PUBLIC CHARITY GENERAL 45,000
    TENNESSEE RIVERKEEPER INC
    POBOX 2594
    DECATUR,AL35602     		NONE PUBLIC CHARITY GENERAL 14,476
    THE DRAKE HOUSE
    10500 CLARA DRIVE
    ROSWELL,GA30075     		NONE PUBLIC CHARITY GENERAL 14,476
    THE FLYNN CENTER FOR THE PERFORMING ARTS
    153 MAIN STREET
    BURLINGTON,VT05401     		NONE PUBLIC CHARITY GENERAL 2,500
    THE NASHVILLE FOOD PROJECT
    5904 CALIFORNIA AVE
    NASHVILLE,TN37209     		NONE PUBLIC CHARITY GENERAL 14,476
    THE SOUL FOOD PROJECT
    4029 N TEMPLE AVE
    INDIANAPOLIS,IN46205     		NONE PUBLIC CHARITY GENERAL 14,476
    THE TOURING PROFESSIONALS ALLIANCE INC
    639 SO GLENWEED PLACE
    BURBANK,CA91506     		NONE PUBLIC CHARITY GENERAL 5,000
    VERMONT LAND TRUST
    8 BAILEY AVENUE
    MONTPELIER,VT05602     		NONE PUBLIC CHARITY GENERAL 50,000
    VERMONT PARKS FOREVER
    PO BOX 815
    MONTPELIER,VT05602     		NONE PUBLIC CHARITY GENERAL 15,000
    VISITING NURSE AND HOSPICE FOR TT & NH
    PO BOX 881
    BRATTLEBORO,VT05302     		NONE PUBLIC CHARITY GENERAL 5,000
    WHITE RIVER ALLIANCE
    1052 WOODLAWN AVE
    INDIANAPOLIS,IN46203     		NONE PUBLIC CHARITY GENERAL 14,476
    WOOD4GOOD
    14 BUTTER CUP LANE
    JERICHO,VT05465     		NONE PUBLIC CHARITY GENERAL 2,500
    LAKE CHAMPLAIN LAND TRUST
    ONE MAIN STREET
    BURLINGTON,VT05401     		NONE PUBLIC CHARITY GENERAL 2,500
    LIFEBEAT
    345 HUDSON STREET
    NEW YORK,NY10014     		NONE PUBLIC CHARITY GENERAL GENERAL 5,000
    LINCOLNVILLE HISTORICAL SOCIETY
    PO BOX 204
    LINCOLNVILLE,ME04849     		NONE PUBLIC CHARITY GENERAL 25,000
    LOOMINISTER PUBLIC LIBRARY
    30 WEST STREET
    LEOMINSTER,MA01453     		NONE PUBLIC CHARITY GENERAL 1,000
    Total .................................bullet 3a 970,933
    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 ...........     		523000 289      
    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 ............     		523000 488,594      
    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) .. 698,537 0 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    698,537
    (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
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    THE WATERWHEEL FOUNDATION
     
    Employer identification number

    13-3948773
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    THE WATERWHEEL FOUNDATION
          		Employer identification number
    13-3948773
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    BOTTLENECK GALLERY
     
    60 BROADWAY
     
    S BURLINGTON, VT05403

    		$ 76,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    JAMES POLLOCK
    201 N BRADOCK AVE
     
    PITTSBURGH, PA15208

    		$ 9,280


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    JEWISH COMMUNITY FOUNDATION
     
    4950 MURPHY CANYON RD
     
    SAN DIEGO, CA92123

    		$ 8,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    THE WILSON-WILDE FAMILY FOUNDATION
     
    119 SAINT MARTIN DR
     
    PALM BEACH GARDENS, FL33418

    		$ 7,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    THE GLANCY FOUNDATION
     
    40 UNDERDOWN ROAD
     
    ANN ARBOR, MI48105

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    UNILEVER UNITED STATES
     
    800 SYLVAN AVE
     
    ENGLEWOOD CLIFFS, NJ07632

    		$ 8,246


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Name of organization
    THE WATERWHEEL FOUNDATION
          		Employer identification number
    13-3948773
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    7
    VAN DYKE FAMILY FOUNDATION
     
    23436 LAND END ROAD
     
    CHESTERTOWN, MD21620

    		$ 5,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    BEN & JERRY'S
     
    30 COMMUNITY DRIVE
     
    S BURLINGTON, VT05403

    		$ 82,066


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    PHISH MAIL ORDER INC
     
    420 LEXINGTON AVE STE 2520
     
    NEW YORK, NY10170

    		$ 439,957


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
    THE WRIGHT-HAGER FOUNDATION
     
    501 TRENTON AVE
     
    PT PLEASANT, NJ08742

    		$ 8,236


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    THE WATERWHEEL FOUNDATION
          		Employer identification number

    13-3948773
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    THE WATERWHEEL FOUNDATION
          		Employer identification number

    13-3948773
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE WATERWHEEL FOUNDATION
    EIN:
    13-3948773
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 6,453,757 7,652,779

    TY 2021 LegalFeesSchedule
    Name:
    THE WATERWHEEL FOUNDATION
    EIN:
    13-3948773
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 4,970 0   0


    TY 2021 OtherAssetsSchedule
    Name:
    THE WATERWHEEL FOUNDATION
    EIN:
    13-3948773
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID 5,600 5,600 5,600
    DUE FROM PANINO & SONS   7,447 7,447


    TY 2021 OtherExpensesSchedule
    Name:
    THE WATERWHEEL FOUNDATION
    EIN:
    13-3948773
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDEPENDENT CONTRACTORS 3,000 0   0
    GIFTS 3,000 0   0


    TY 2021 OtherIncomeSchedule2
    Name:
    THE WATERWHEEL FOUNDATION
    EIN:
    13-3948773
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS 282 282 282


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE WATERWHEEL FOUNDATION
    EIN:
    13-3948773
    Description Beginning of Year - Book Value End of Year - Book Value
    DIVIDED SKY FOUNDATION 1,069,498 482,157
    DTF PANINO 278,825 0
    DTF PHISH INC. 0 118


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE WATERWHEEL FOUNDATION
    EIN:
    13-3948773
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 30,407 30,407   0
    OTHER PROFESSIONAL 198 0   0
    FILING FEES 20 0   0


    TY 2021 SubstantialContributorsSch
    Name:
    THE WATERWHEEL FOUNDATION
    EIN:
    13-3948773
    Name Address
    BOTTLENECK GALLERY
          		60 BROADWAY
    S BURLINGTON,VT05403
    JAMES POLLOCK 201 N BRADOCK AVE
    PITTSBURGH,PA15208
    THE WILSON-WILDE FOUNDATION
          		119 SAINT MARTIN DR
    PALM BEACH GARDENS,FL33418
    THE GLANCY FOUNDATION
          		40 UNDERDOWN ROAD
    ANN ARBOR,MI48105
    UNILEVER UNITED STATES
          		800 SYLVAN AVE
    ENGLEWOOD CLIFFS,NJ07632
    VAN DYKE FAMILY FOUNDATION
          		23436 LAND END ROAD
    CHESTERTOWN,MD21620
    JEWISH COMMUNITY FOUNDATION
          		4950 MURPHY CANYON ROAD
    SAN DIEGO,CA92123
    BEN & JERRY'S
          		30 COMMUNITY DRIVE
    S BURLINGTON,VT05403
    THE WRIGHT-HAGER FOUNDATION
          		501 TRENTON AVE
    PT PLEASANT,NJ08742


    TY 2021 TaxesSchedule
    Name:
    THE WATERWHEEL FOUNDATION
    EIN:
    13-3948773
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 6,758 6,758   0