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 05-01-2021 , and ending 04-30-2022
Name of foundation
SUMNER GERARD FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)CO AK 1251 SIXTH AVENUE FL 42
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY100201182
A Employer identification number

13-6155552
B Telephone number (see instructions)

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$4,362,105J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 80,551 80,551  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 451,057
b Gross sales price for all assets on line 6a 1,337,131
7 Capital gain net income (from Part IV, line 2)... 451,057
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........ 531,608 531,608  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 14,500     14,500
b Accounting fees (attach schedule)....... Click to see attachment 5,000     5,000
c Other professional fees (attach schedule).... Click to see attachment 34,017     34,017
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,299     2,299
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 101     101
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 55,917 0   55,917
25 Contributions, gifts, grants paid....... 202,500 202,500
26 Total expenses and disbursements. Add lines 24 and 25 258,417 0   258,417
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 273,191
b Net investment income (if negative, enter -0-) 531,608
c Adjusted net income (if negative, enter -0-)... 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............. 149,524 271,072 271,072
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,346,791 Click to see attachment2,213,692 3,184,585
c Investments—corporate bonds (attach schedule)....... 675,489 Click to see attachment960,230 906,448
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,171,804 3,444,994 4,362,105
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 3,171,804  
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds   3,444,994
29 Total net assets or fund balances (see instructions)..... 3,171,804 3,444,994
30 Total liabilities and net assets/fund balances (see instructions). 3,171,804 3,444,994
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
3,171,804
2
Enter amount from Part I, line 27a .....................
2
273,191
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
3,444,995
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,444,995
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 SHORT TERM COVERED SECURITIES P    
b LONG TERM COVERED SECURITIES P    
c LONG TERM CAPITAL GAIN DISTRIBUTION P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 224,664   237,161 -12,497
b 1,099,062   648,913 450,149
c 13,405     13,405
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -12,497
b       450,149
c       13,405
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 451,057
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 -12,497
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 7,389
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 7,389
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 7,389
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bullet
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletCHRISTOPHER GERARD Telephone no.bullet (212) 278-1031

    Located atbulletCO AK 1251 SIXTH AVENUE FL 42NEW YORKNY ZIP+4bullet100201182
    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
     
     
    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
     
     
    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
    HARRIET GERARD VICE PRESIDENT
    0.00     		0 0 0
    CO AK 1251 SIXTH AVENUE FL 42
    NEW YORK,NY100201182
    CHRISTOPHER GERARD PRESIDENT
    0.70     		0 0 0
    CO AK 1251 SIXTH AVENUE FL 42
    NEW YORK,NY100201182
    JAMES GERARD VICE PRESIDENT
    0.00     		0 0 0
    CO AK 1251 SIXTH AVENUE FL 42
    NEW YORK,NY100201182
    JENNY GERARD VICE PRESIDENT
    0.00     		0 0 0
    CO AK 1251 SIXTH AVENUE FL 42
    NEW YORK,NY100201182
    AMANDA BALDWIN VICE PRESIDENT
    0.00     		0 0 0
    CO AK 1251 SIXTH AVENUE FL 42
    NEW YORK,NY100201182
    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.............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 NA 0
    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 NA 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    4,565,734
    b
    Average of monthly cash balances.......................
    1b
    194,451
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,760,185
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    4,760,185
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    71,403
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    4,688,782
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    234,439
    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
    234,439
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    7,389
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,389
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    227,050
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    227,050
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    227,050
    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 7 227,050
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018...... 8,120
    d From 2019...... 22,273
    e From 2020...... 16,530
    f Total of lines 3a through e ........ 46,923
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 258,417
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 227,050
    e Remaining amount distributed out of corpus 31,367
    5 Excess distributions carryover applied to 2021.    
    (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 78,290
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    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) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		78,290
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018.... 8,120
    c Excess from 2019.... 22,273
    d Excess from 2020.... 16,530
    e Excess from 2021.... 31,367
    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).)
    NONE
    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.
    NONE
    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
    1014 INC
    880 THIRD AVENUE 12TH FLOOR
    NEW YORK,NY10022     		    FOR GERMAN ACADEMY 1,000
    AMERICAN CATHEDRAL PARIS FOUNDATION
    604 EAST FRANKLIN STREET
    CHAPEL HILL,NC27514     		    UNRESTRICTED 1,000
    AMERICAN COUNCIL ON GERMANY
    14 EAST 60TH STREET
    NEW YORK,NY10022     		    UNRESTRICTED 1,000
    AMERICAN FRIENDS OF BLERANCOURT
    8 WEST 38TH STREET SUITE 200
    NEW YORK,NY10018     		    UNRESTRICTED 3,000
    AMERICAN OVERSEAS MEMORIAL DAY ASSN
    20 EAST 44TH STREET ROOM 506
    NEW YORK,NY10036     		    UNRESTRICTED 3,000
    INTL PATRONS OF DUOMO DI MILANO
    CO WITHERS 430 PARK AVE 10TH FL
    NEW YORK,NY10022     		    UNRESTRICTED 2,500
    101 E 69TH STREET CONSERVANCY
    101 EASST 69TH STREET
    NEW YORK,NY10021     		    UNRESTRICTED 1,000
    SALISBURY SCHOOL
    251 CANAAN ROAD
    SALISBURY,CT06068     		    ANNUAL FUND 15,000
    SALISBURY SCHOOL
    251 CANAAN ROAD
    SALISBURY,CT06068     		    CHAPEL RENOVATION 2,000
    US FNDTN COMMEMORATION WORLD WARS
    P O BOX 17586
    ARLINGTON,VA222167586     		    UNRESTRICTED 1,000
    SOCIETY OF CINCINNATI
    2118 MASSACHUSETTS AVE NW
    WASHINGTON,DC20008     		    UNRESTRICTED 1,000
    ARMY HERITAGE FOUNDATION
    PO BOX 839
    CARLISLE,PA17013     		    UNRESTRICTED 1,000
    FOUNDATION FOR CULTURAL REVIEW
    900 BROADWAY SUITE 602
    NEW YORK,NY10003     		    UNRESTRICTED 1,000
    FRIENDS OF RAYNHAM HALL INC
    20 WEST MAIN STREET
    OYSTER BAY,NY11771     		    UNRESTRICTED 28,500
    THE NEW YORK CITY MARBLE CEMETERY
    72 EAST FIRST STREET
    NEW YORK,NY10003     		    UNRESTRICTED 2,000
    OYSTER BAY MAIN STREET ASSOC
    19 SPRING STREET
    OYSTER BAY,NY11771     		    UNRESTRICTED 1,000
    THEODORE ROOSEVELT SANCTUARY AUDU
    134 COVE ROAD
    OYSTER BAY,NY11771     		    UNRESTRICTED 1,000
    YOUTHFAMILY CNSLNG AGNCY OYSTER
    193 SOUTH STREET
    OYSTER BAY,NY11771     		    UNRESTRICTED 1,000
    THE GARDEN CONSERVANCY
    P O BOX 608
    GARRISON,NY10524     		    UNRESTRICTED 2,000
    HAWTHORNE VALLEY ASSOC
    327 COUNTRY ROUTE 21C
    GHENT,NY12075     		    UNRESTRICTED 1,500
    HISTORIC HUGUENOT STREET
    88 HUGUENOT STREET
    NEW PALTZ,NY12561     		    UNRESTRICTED 1,000
    MNHTTN INSTIT FOR POLICY RESEARCH
    52 VANDERBILT AVENUE
    NEW YORK,NY10017     		    UNRESTRICTED 5,900
    NEW JERSEY CONSERVATION FOUNDATION
    170 LONGVIEW ROAD
    FAR HILLS,NJ07931     		    UNRESTRICTED 2,000
    NEW JERSEY FUTURE INC
    16 WEST LAFAYETTE STREET
    TRENTON,NJ08608     		    UNRESTRICTED 1,000
    ORANGE COUNTY LAND TRUST
    P O BOX 269
    MOUNTAINVILLE,NY10953     		    UNRESTRICTED 3,000
    TECHNOSERVE INC
    1777 N KENT ST STE 1100
    ARLINGTON,VA22209     		    UNRESTRICTED 4,500
    VERNON TOWNSHIP HISTORICAL SOCIETY
    PO BOX 387
    VERNON,NJ07462     		    UNRESTRICTED 1,000
    WARWICK HISTORICAL SOCIETY
    PO BOX 353
    WARWICK,NY10990     		    UNRESTRICTED 3,900
    DOMINICAN ACADEMY
    44 EAST 68TH STREET
    NEW YORK,NY10065     		    UNRESTRICTED 2,000
    THE KENNEDY CENTER
    2440 RESERVOIR AVENUE
    TRUMBULL,CT06611     		    UNRESTRICTED 4,900
    LIFE FORCE IN LATER YEARS
    PO BOX 250402
    NEW YORK,NY10025     		    UNRESTRICTED 3,500
    LITTLE BRITCHES THERAP RIDING PROG
    PO BOX 120
    WOODBURY,CT06798     		    UNRESTRICTED 2,900
    THE ASSN FOR REHAB CASE MGMT HSG
    254 WEST 31ST ST 9TH FL
    NEW YORK,NY10001     		    UNRESTRICTED 3,900
    SPENCE SCHOOL
    22 E 91ST ST
    NEW YORK,NY10128     		    UNRESTRICTED 2,500
    VERNON TOWNSHIP FIRE DEPARTMENT
    PO BOX 461
    VERNON,NJ07462     		    UNRESTRICTED 500
    VERNON TOWNSHIP AMBULANCE
    PO BOX 236
    VERNON,NJ07462     		    UNRESTRICTD 500
    FIELDSTON SCHOOL
    PO BOX 28552
    NEW YORK,NY10087     		    UNRESTRICTED 2,500
    CENTRAL PRESBYTERIAN CHURCH
    70 MAPLE STREET
    SUMMIT,NJ07901     		    UNRESTRICTED 1,000
    THE SUMMIT FOUNDATION
    PO BOX 867
    SUMMIT,NJ07902     		    UNRESTRICTED 2,000
    KIPP NEW JERSEY
    60 PARK PLACE STE 802
    NEWARK,NJ07102     		    UNRESTRICTED 1,000
    OPEN THE BOOKS
    200 S FRONTAGE ROAD STE 106
    WILLOWBROOK,IL60527     		    UNRESTRICTED 2,000
    NATIONAL WOMENS HEALTH NETWORK
    1413 K STREET NW 4TH FLOOR
    WASHINGTON,DC20005     		    UNRESTRICTED 1,500
    ORGANIC CONSUMERS ASSOCIATION
    6771 SOUTH SILVER HILL DR
    FINLAND,MN55603     		    UNRESTRICTED 1,500
    TILTH ALLIANCE
    4649 SUNNYSIDE AVE N SUITE 100
    SEATTLE,WA98103     		    UNRESTRICTED 1,500
    ORGANIC FARMING RESEARCH
    PO BOX 440
    SANTA CRUZ,CA95061     		    UNRESTRICTED 3,000
    AMERICAN MURAL PROJECT
    PO BOX 440
    WINSTED,CT06098     		    UNRESTRICTED 8,400
    CHARLOTTESVILLE ALBERMARLE SPCA
    PO BOX 7047
    CHARLOTTESVILLE,VA22901     		    UNRESTRICTED 2,400
    FORDHAM LAW SCHOOL
    45 COLUMBUS AVENUE 8TH FLOOR
    NEW YORK,NY10023     		    UNRESTRICTED 2,000
    HARVARD UNIVERSITY
    124 MOUNT AUBURN STREET SUITE 430N
    CAMBRIDGE,MA02138     		    UNRESTRICTED 1,000
    LIVEWELL ALLIANCE INC
    1261 SOUTH MAIN STREET
    PLANTSVILLE,CT06479     		    UNRESTRICTED 4,000
    THE NATURE CONSERVANCY-MASHOMACK PR
    PO BOX 850
    SHELTER ISLAND,NY11964     		    UNRESTRICTED 1,000
    THE NEW YORK PUBLIC LIBRARY
    445 FIFTH AVENUE
    NEW YORK,NY10016     		    UNRESTRICTED 5,000
    PROFESSIONAL CHILDRENS SCHOOL
    132 WEST 60TH STREET
    NEW YORK,NY10023     		    UNRESTRICTED 5,000
    SCENIC HUDSON
    ONE CIVIC CENTER PLAZA SUITE 200
    POUGHKEEPSIE,NY12601     		    UNRESTRICTED 1,000
    THE SMITHSONIAN INSTITUTION
    701 SEAWAY AVENUE
    FORT PIERCE,FL34949     		    UNRESTRICTED 5,900
    THE TRUSTEES OF RESERVATIONS
    200 HIGH STREET 4TH FLOOR
    BOSTON,MA02110     		    UNRESTRICTED 1,000
    WELLESLEY COLLEGE DEV OFFICE
    106 CENTRAL STREET
    WELLESLEY HILLS,MA02481     		    UNRESTRICTED 5,000
    WILDLIFE CONSERVATION SOCIETY
    2300 SOUTHERN BOULEVARD
    BRONX,NY10460     		    UNRESTICTED 1,000
    CITIZENS CLIMATE EDUCATION
    1330 ORANGE AVENUE
    CORONADO,CA92118     		    UNRESTRICTED 3,000
    THE CONSERVATION FUND
    170 LONGVIEW ROAD
    FAR HILLS,NJ07931     		    UNRESTRICTED 1,000
    MASS DESIGN GROUP LTD
    334 BOYLSTON STREET SUITE 400
    BOSTON,MA02116     		    UNRESTRICTED 6,400
    NATURAL RESOURCES DEFENCE COUNCIL
    40 WEST 20TH STREET
    NEW YORK,NY10011     		    UNRESTRICTED 2,500
    HOTCHKISS LIBRARY OF SHARON INC
    10 UPPER MAIN STREET
    SHARON,CT06069     		    UNRESTRICTED 2,000
    NEW YORK COMMON PANTRY
    8 EAST 109TH STREET
    NEW YORK,NY10029     		    UNRESTRICTED 2,000
    SHARON PLAYHOUSE
    PO BOX 1187
    SHARON,CT06069     		    UNRESTRICTED 1,000
    THE SMITHSONIAN INSTITUTION
    701 SEAWAY DRIVE
    FORT PIERCE,FL34949     		    UNRESTRICTED 2,000
    BOOKS FOR KIDS FOUNDATION
    500 EAST 83RD STREET 7B
    NEW YORK,NY10028     		    UNRESTRICTED 1,400
    ROBIN HOOD FOUNDATION
    826 BROADWAY 9TH FL
    NEW YORK,NY10003     		    UNRESTRICTED 5,000
    GUIDING LIGHT ORPHANS INC
    25 BAILEY RD SUITE 4
    AVON,CT06001     		    UNRESTRICTED 1,000
    Total .................................bullet 3a 199,500
    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 ...........     		         
    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 ............     		        451,057
    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) ..     451,057
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    451,057
    (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.)
    04 FOUNDATION WAS FORMED EXCLUSIVELY FOR CHARITABLE PURPOSES THE INCOMEFROM INVESTMENTS IS FOR CHARITABLE PURPOSES ONLY
    08 FOUNDATION WAS FORMED EXCLUSIVELY FOR CHARITABLE PURPOSES THE INCOMEFROM INVESTMENTS IS FOR CHARITABLE PURPOSES ONLY
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    SUMNER GERARD FOUNDATION
    EIN:
    13-6155552
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 5,000 0 0 5,000

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    SUMNER GERARD FOUNDATION
    EIN:
    13-6155552
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORP BONDS 960,230 906,448

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    SUMNER GERARD FOUNDATION
    EIN:
    13-6155552
    Name of Stock End of Year Book Value End of Year Fair Market Value
    STOCK 1,231,360 2,122,924
    MUTUAL FUNDS 982,332 1,061,661

    TY 2021 LegalFeesSchedule
    Name:
    SUMNER GERARD FOUNDATION
    EIN:
    13-6155552
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 14,500 0 0 14,500


    TY 2021 OtherExpensesSchedule
    Name:
    SUMNER GERARD FOUNDATION
    EIN:
    13-6155552
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CUSTODIAN AND BANK FEES 76 0 0 76
    CORPORATE REP & STATE FEE 25 0 0 25


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    SUMNER GERARD FOUNDATION
    EIN:
    13-6155552
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT 34,017 0 0 34,017


    TY 2021 TaxesSchedule
    Name:
    SUMNER GERARD FOUNDATION
    EIN:
    13-6155552
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 2,299 0 0 2,299