TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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 LILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)200 W LANCASTER AVENUE 202
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
WAYNE, PA190874046

A Employer identification number

52-6854621

B Telephone number (see instructions)

(610) 964-0331

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$13,146,051J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	80		80
4	Dividends and interest from securities...	245,908		177,999
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		739,180
b	Gross sales price for all assets on line 6a 2,178,368
7	Capital gain net income (from Part IV, line 2)...			739,180
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	985,168		917,259
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		5,254	0	0
c	Other professional fees (attach schedule)....		52,233	52,147	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		2,266	2,266	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	33,564		0	0
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		407	0	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	93,724		54,413	0
25	Contributions, gifts, grants paid.......	675,850			675,850
26	Total expenses and disbursements. Add lines 24 and 25	769,574		54,413	675,850
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	215,594
b	Net investment income (if negative, enter -0-)			862,846
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	235,383	305,795	305,795
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	3,052,888	3,079,405	3,246,657
	b	Investments—corporate stock (attach schedule).......	89,088	0	0
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	5,591,667	5,798,904	9,589,467
	14	Land, buildings, and equipment: basis 3,322
		Less: accumulated depreciation (attach schedule) 3,322
	15	Other assets (describe )	3,616	4,132	4,132
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	8,972,642	9,188,236	13,146,051
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	8,619,417	8,619,417
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	353,225	568,819
	29	Total net assets or fund balances (see instructions).....	8,972,642	9,188,236
	30	Total liabilities and net assets/fund balances (see instructions).	8,972,642	9,188,236

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

8,972,642

Enter amount from Part I, line 27a .....................

215,594

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

9,188,236

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

9,188,236

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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	179 SHS FIRST TR NASDAQ CYBER	2020-08-04	2021-02-03
b	85 SHS ISHARES TR MSCI EAFE GR	2021-02-03	2021-03-09
c	92 SHS VANGUARD FTSE EM MKTS	2021-02-03	2021-03-09
d	1218 SHS VANGUARD FTSE EM MKTS	2021-02-03	2021-08-11
e	7 SHS ISHARES US MED DEV	2021-02-03	2021-03-09
	498 SHS ISHARES MSCI ACWI EX	2020-02-04	2021-02-03
	355 SHS ISHEARE S&P GLOBAL CLEAN	2020-11-20	2021-02-03
	55 SHS ISHARES US UTIL	2021-02-03	2021-03-09
	141 SHS ISHARES EDGEMSCI USA QUAL	2021-02-03	2021-03-09
	34 SHS FIRST TR CLOUD COMP	2020-08-04	2021-02-03
	434 SHS ISHARES CORE MSCI EUR	2021-02-03	2021-03-09
	215 SHS BERKSHIRE HATHAWAY	2013-12-12	2021-02-03
	26 SHS VANGUARD TOTAL STK MKT	2019-03-06	2021-02-03
	187 SHS VANGUARD TOTAL STK MKT	2019-03-06	2021-03-09
	392 SHS ISHARES CORE S&P SM CAP	2020-02-04	2021-03-09
	17 SHS ISHARES BIOTECH ETF	2020-02-04	2021-08-11
	173 SHS VANGUARD VALUE ETF	2019-03-06	2021-03-09
	246 SHS VANGUARD VALUE ETF	2020-02-04	2021-03-09
	63 SHS VANGUARD FTSE EM MKTS	2020-02-04	2021-08-11
	239 SHS VANGUARD DIV APPREC	2018-10-25	2021-08-11
	22 SHS VANGUARD DIV APPREC	2020-08-04	2021-08-11
	661 SHS ISHARES US AEROSPACE	2015-02-05	2021-02-03
	118 SHS ISHARES US AEROSPACE	2015-02-05	2021-03-09
	2 SHS ISHARES US MED DEV	2015-09-09	2021-03-09
	2 SHS ISHARES US MED DEV	2015-09-09	2021-08-11
	193 SHS SPDR S P BIOTECH	2018-02-21	2021-02-03
	369 SHS VANGUARD MEGA CAP 300	2015-02-05	2021-02-03
	22 SHS VANGUARD MEGA CAP 300	2015-02-05	2021-03-09
	26 SHS VANGUARD MEGA CAP 300	2020-08-04	2021-08-11
	542 SHS ISHARES MSCI ACWI	2020-02-04	2021-03-09
	69 SHS INVESCO EXCH TRD FD	2015-02-05	2021-03-09
	58 SHS COMM SERVICES SEL SCTR	2019-03-06	2021-02-03
	419 SHS COMM SERVICES SEL SCTR	2020-02-04	2021-03-09
	493 SHS US CONSUMER SERV	2020-02-04	2021-03-09
	250 SHS ISHARES US HEALTHCARE	2012-10-22	2021-02-03
	59 SHS ISHARES US HEALTHCARE	2012-11-07	2021-03-09
	2 SHS ISHARES US HEALTHCARE	2020-04-16	2021-08-11
	144 SHS ISHARES US INDUST ETF	2013-06-27	2021-03-09
	358 SHS ISHARES US INDUST ETF	2013-06-27	2021-08-11
	16 SHS ISHARES EDGE MSCI USA QUAL	2020-08-04	2021-08-11
	41 SHS SPDR S&P MIDCAP 400	2019-03-06	2021-02-03
	78 SHS SPDR S&P MIDCAP 400	2019-03-06	2021-03-09
	545 SHS ISHARES CORE HIGH DIV	2019-03-06	2021-02-03
	422 SHS ISHARES CORE HIGH DIV	2015-03-20	2021-03-09
	162 SHS ISHARES EXP TECH	2018-02-21	2021-02-03
	105 SHS ISHARES EXP TECH	2018-02-21	2021-03-09
	266 SHS SECTOR SPDR CONS	2019-03-06	2021-03-09
	1105 SHS SECTOR SPDR CONS	2019-03-06	2021-08-11
	109 SHS SPDR US FIN SCTR	2015-02-05	2021-02-03
	713 SHS SPDR US FIN SCTR	2015-09-10	2021-03-09
	210 SHS SELECT SECTOR SPDR	2014-03-20	2021-03-09
	96 SHS SELECT SECTOR SPDR	2014-03-20	2021-08-11
	442 SHS SPDR S&P 500	2019-03-06	2021-02-03
	99 SHS SPDR S&P 500	2019-03-06	2021-03-09
	10 SHS ISHARES NASDAQ BIOTECH	2011-08-02	2021-02-03
	233 SHS ISHARES NASDAQ BIOTECH	2011-08-02	2021-08-11
	287 SHS VANGUARD DIV APPREC	2011-07-27	2021-08-11
	25000 FACE PERRYSBURG OHIO EXMP	2018-02-23	2021-12-01
	185 SHS BERKSHIRE HATHAWAY	2014-01-02	2021-02-03
	200 SHS BERKSHIRE HATHAWAY	2014-02-04	2021-02-03
	165 SHS BERKSHIRE HATHAWAY	2014-03-20	2021-02-03
	2 SHS BERKSHIRE HATHAWAY	2014-07-02	2021-02-03
	1409 SHS VANGUARD FTSE EM MKTS	2018-02-21	2021-08-11
	55 SHS VANGUARD DIV APPREC	2018-10-25	2021-03-09
	266 SHS VANGUARD DIV APPREC	2019-03-06	2021-03-09
	122 SHS VANGUARD DIV APPREC	2016-02-22	2021-08-11
	282 SHS ISHARES US AEROSPACE	2015-06-04	2021-02-03
	50 SHS ISHARES US HEALTHCARE	2012-11-07	2021-02-03
	150 SHS ISHARES US HEALTHCARE	2013-12-12	2021-02-03
	15 SHS ISHARES US HEALTHCARE	2014-07-02	2021-02-03
	15 SHS ISHARES US HEALTHCARE	2014-07-10	2021-02-03
	235 SHS ISHARES US HEALTHCARE	2015-09-09	2021-02-03
	218 SHS ISHARES US HEALTHCARE	2016-02-22	2021-02-03
	243 SHS ISHARES CORE HIGH DIV	2015-03-20	2021-02-03
	204 SHS ISHARES CORE HIGH DIV	2016-08-25	2021-02-03
	470 SHS SECTOR SPDR CONS	2015-02-05	2021-08-11
	205 SHS SECTOR SPDR CONS	2015-03-20	2021-08-11
	300 SHS SECTOR SPDR CONS	2015-06-25	2021-08-11
	237 SHS SECTOR SPDR CONS	2016-01-15	2021-08-11
	219 SHS SECTOR SPDR CONS	2016-02-22	2021-08-11
	345 SHS SPDR US FIN SCTR	2015-03-25	2021-02-03
	840 SHS SPDR US FIN SCTR	2019-03-06	2021-02-03
	791 SHS SPDR US FIN SCTR	2015-02-05	2021-03-09

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	7,972	6,449	1,523
b	8,444	8,674	-230
c	4,837	4,972	-135
d	63,092	65,821	-2,729
e	2,277	2,348	-71
	27,350	24,173	3,177
	11,133	7,845	3,288
	4,194	4,268	-74
	16,881	16,377	504
	3,544	2,705	839
	23,224	22,603	621
	49,989	24,650	25,339
	5,219	3,704	1,515
	38,202	26,640	11,562
	43,535	32,281	11,254
	2,846	2,017	829
	22,484	18,494	3,990
	31,971	29,234	2,737
	3,263	2,732	531
	38,630	24,495	14,135
	3,556	2,728	828
	62,470	39,108	23,362
	11,720	6,982	4,738
	651	233	418
	125	39	86
	31,161	17,811	13,350
	77,639	30,361	47,278
	4,467	1,810	2,657
	6,243	4,627	1,616
	29,902	26,309	3,593
	17,994	6,161	11,833
	4,083	2,701	1,382
	30,920	23,087	7,833
	36,356	28,609	7,747
	63,009	21,203	41,806
	14,601	4,893	9,708
	569	419	150
	14,798	6,026	8,772
	40,923	14,979	25,944
	2,223	1,618	605
	18,046	14,081	3,965
	36,507	26,788	9,719
	47,964	50,321	-2,357
	39,860	32,190	7,670
	9,700	5,994	3,706
	6,097	3,885	2,212
	17,374	14,371	3,003
	79,626	59,699	19,927
	3,288	2,288	1,000
	24,388	14,310	10,078
	27,463	7,704	19,759
	14,718	3,522	11,196
	169,122	122,622	46,500
	38,593	27,465	11,128
	1,642	333	1,309
	39,009	7,767	31,242
	46,388	15,785	30,603
	25,000	25,000	0
	43,014	21,806	21,208
	46,502	21,871	24,631
	38,364	20,506	17,858
	465	255	210
	72,986	68,106	4,880
	7,878	5,637	2,241
	38,103	28,708	9,395
	19,719	9,405	10,314
	26,651	17,015	9,636
	12,602	4,147	8,455
	37,805	16,957	20,848
	3,781	1,961	1,820
	3,781	1,938	1,843
	59,228	34,999	24,229
	54,944	29,974	24,970
	21,386	18,536	2,850
	17,954	16,757	1,197
	33,868	23,131	10,737
	14,772	10,003	4,769
	21,618	14,515	7,103
	17,078	11,444	5,634
	15,781	11,179	4,602
	10,408	7,368	3,040
	25,342	22,058	3,284
	27,056	16,601	10,455

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			1,523
b			-230
c			-135
d			-2,729
e			-71
			3,177
			3,288
			-74
			504
			839
			621
			25,339
			1,515
			11,562
			11,254
			829
			3,990
			2,737
			531
			14,135
			828
			23,362
			4,738
			418
			86
			13,350
			47,278
			2,657
			1,616
			3,593
			11,833
			1,382
			7,833
			7,747
			41,806
			9,708
			150
			8,772
			25,944
			605
			3,965
			9,719
			-2,357
			7,670
			3,706
			2,212
			3,003
			19,927
			1,000
			10,078
			19,759
			11,196
			46,500
			11,128
			1,309
			31,242
			30,603
			0
			21,208
			24,631
			17,858
			210
			4,880
			2,241
			9,395
			10,314
			9,636
			8,455
			20,848
			1,820
			1,843
			24,229
			24,970
			2,850
			1,197
			10,737
			4,769
			7,103
			5,634
			4,602
			3,040
			3,284
			10,455

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	739,180
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 ...................		3

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 and enter “N/A" on line 1.
	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	11,994
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	11,994
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	11,706
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	11,706
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.......		9	288
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax	Refunded	11

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

THE FOUNDATION Telephone no. bullet

(610) 964-0331

Located at bullet

200 W LANCASTER AVENUE NO 2020WAYNEPA ZIP+4 bullet

190870331

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

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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? .............

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)):

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?....................

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2021)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check here ......... bullet

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).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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 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
ROBERT L MCNEIL III	TRUSTEE 0.00	0	0	0
245 ABRAHAMS LANE VILLANOVA,PA19085	TRUSTEE 0.00	0	0	0
JANE MCNEIL	TRUSTEE 0.00	0	0	0
245 ABRAHAMS LANE VILLANOVA,PA19085	TRUSTEE 0.00	0	0	0

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...................				0

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............. bullet

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......................... bullet

Form 990-PF (2021)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

12,293,724

Average of monthly cash balances.......................

599,350

Fair market value of all other assets (see instructions)................

4,132

Total (add lines 1a, b, and c).........................

12,897,206

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

12,897,206

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

193,458

Net value of noncharitable-use assets. Subtract line 4 from line 3. .......

12,703,748

Minimum investment return. Enter 5% (0.05) of line 5................

635,187

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.)

Minimum investment return from Part IX, line 6..................

635,187

Tax on investment income for 2021 from Part V, line 5.......

11,994

Income tax for 2021. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

11,994

Distributable amount before adjustments. Subtract line 2c from line 1............

623,193

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

623,193

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

623,193

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.

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					623,193
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......	146,058
b From 2017......	316,157
c From 2018......	145,147
d From 2019......	673,392
e From 2020......	520,941
f Total of lines 3a through e ........		1,801,695
4Qualifying distributions for 2021 from Part
XI, line 4: $ 675,850
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.....					623,193
e Remaining amount distributed out of corpus		52,657
5 Excess distributions carryover applied to 2021.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		1,854,352
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) ...		146,058
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		1,708,294
10 Analysis of line 9:
a Excess from 2017....	316,157
b Excess from 2018....	145,147
c Excess from 2019....	673,392
d Excess from 2020....	520,941
e Excess from 2021....	52,657

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

ROBERT L MCNEIL III

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AGNES IRWIN SCHOOL 275 S ITHAN AVENUE ROSEMONT,PA19010	N/A	PUBLIC	GENERAL	50,000
CENTER FOR FURNITURE CRAFTMANSHIP 25 MILL STREET ROCKPORT,ME04856	N/A	PUBLIC	GENERAL	30,000
THE FUND FOR WOMEN AND GIRLS 113 E EVANS STREET SUITE A WEST CHESTER,PA19380	N/A	PUBLIC	GENERAL	25,000
CINCINNATI CHILDREN'S HOSPITAL CBDI 3333 BURNET AVE CINCINNATI,OH45229	N/A	PUBLIC	GENERAL	5,000
COMMUNITY PARTNERSHIP SCHOOL 1936 N JUDSON STREET PHILADELPHIA,PA19121	N/A	PUBLIC	GENERAL	25,000
DOMESTIC ABUSE PROJECT 204 WEST FRANKLIN AVENUE MINNEAPOLIS,MN55404	N/A	PUBLIC	GENERAL	75,000
ECKERD COLLEGE 4200 54TH AVENUE SOUTH ST PETERSBURG,FL33711	N/A	PUBLIC	GENERAL	6,000
FREE LIBRARY OF PHILADELPHIA FOUNDATION 1901 VINE ST PHILADELPHIA,PA19103	N/A	PUBLIC	GENERAL	25,000
HELPUSADOPTORG PO BOX 20435 NEW YORK,NY10021	N/A	PUBLIC	GENERAL	20,000
NURTURING MINDS INC 61 OAKWOOD LANE VALLEY FORGE,PA19481	N/A	PUBLIC	GENERAL	45,000
PETER'S PLACE 150 N RADNOR-CHESTER RD SUITE F-130 RADNOR,PA19087	N/A	PUBLIC	GENERAL	25,000
PHILABUNDANCE 3616 SOUTH GALLOWAY STREET PHILADELPHIA,PA19148	N/A	PUBLIC	GENERAL	50,000
PHILADELPHIA OUTWARD BOUND SCHOOL 3401 RESERVOIR DR PHILADELPHIA,PA19121	N/A	PUBLIC	GENERAL	20,000
PLANNED PARENTHOOD OF SE PENNSYLVANIA 1144 LOCUST STREET PHILADELPHIA,PA19107	N/A	PUBLIC	GENERAL	50,000
RESOLVE PHILADELPHIA 3815 WALNUT STREET PHILADELPHIA,PA19104	N/A	PUBLIC	GENERAL	10,000
THEATRE HORIZON 401 DEKALB ST NORRISTOWN,PA19401	N/A	PUBLIC	GENERAL	25,000
WOMEN AGAINST ABUSE 100 SOUTH BROAD ST SUITE 1341 PHILADELPHIA,PA19110	N/A	PUBLIC	GENERAL	10,000
WOODLYNDE SCHOOL 445 UPPER GULPH RD STRAFFORD,PA19087	N/A	PUBLIC	GENERAL	100,000
HARLEM LACROSSE - PHILADELPHIA 750 N TAYLOR STREET PHILADELPHIA,PA19130	N/A	PUBLIC	GENERAL	75,000
WHITEMARSH BOAT CLUB 801WASHINGTON STREET CONSHOHOCKEN,PA19428	N/A	PUBLIC	GENERAL	4,850
Total ................................. 3a				675,850

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	80
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	739,180
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		985,168	0

13Total. Add line 12, columns (b), (d), and (e)..................

985,168

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2021 AccountingFeesSchedule

Name:

THE LILY FOUNDATION

EIN:

52-6854621

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PROFESSIONAL FEES	5,254	0		0

- TIN:

TY 2021 InvestmentsGovtObligationsSch

Name:

THE LILY FOUNDATION

EIN:

52-6854621

US Government Securities - End of Year Book Value:

841,585

US Government Securities - End of Year Fair Market Value:

905,161

State & Local Government Securities - End of Year Book Value:

2,237,820

State & Local Government Securities - End of Year Fair Market Value:

2,341,496

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

THE LILY FOUNDATION

EIN:

52-6854621

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
MUTUAL FUNDS	AT COST	5,798,904	9,589,467

- TIN:

TY 2021 OtherAssetsSchedule

Name:

THE LILY FOUNDATION

EIN:

52-6854621

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
INVESTMENT INCOME RECEIVABLE	3,616	4,132	4,132

- TIN:

TY 2021 OtherExpensesSchedule

Name:

THE LILY FOUNDATION

EIN:

52-6854621

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OFFICE	407	0		0

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

THE LILY FOUNDATION

EIN:

52-6854621

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ML - INVESTMENT FEES	52,233	52,147		0

- TIN:

TY 2021 TaxesSchedule

Name:

THE LILY FOUNDATION

EIN:

52-6854621

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FORM 990-PF EXCISE TAX	0	0		0
ML - 871-02090 FOREIGN TAXES	2,266	2,266		0