Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
Harris & Frances Block Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)c/o Betsy Chodorkoff 491 Ennis Hill
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Marshfield, VT05658
A Employer identification number

31-1784246
B Telephone number (see instructions)

(802) 426-3806
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$13,894,652J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 272,576 272,576  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 1,241,150
b Gross sales price for all assets on line 6a 2,744,910
7 Capital gain net income (from Part IV, line 2)... 1,241,150
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)..... 0  
11 Other income (attach schedule)....... Click to see attachment 13,682 11,897  
12 Total. Add lines 1 through 11........ 1,527,408 1,525,623  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 105,000 31,500   73,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0      
b Accounting fees (attach schedule)....... Click to see attachment 8,451 6,355   1,528
c Other professional fees (attach schedule).... Click to see attachment 86,155 65,829   20,169
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 44,964 21,292   4,659
19 Depreciation (attach schedule) and depletion... Click to see attachment 0 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 158 0   158
23 Other expenses (attach schedule)....... Click to see attachment 53,738 32,772   18,964
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 298,466 157,748 0 118,978
25 Contributions, gifts, grants paid....... 682,725 682,725
26 Total expenses and disbursements. Add lines 24 and 25 981,191 157,748 0 801,703
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 546,217
b Net investment income (if negative, enter -0-) 1,367,875
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............. 0 0 0
2 Savings and temporary cash investments......... 3,386,546 2,476,797 2,476,797
3 Accounts receivable bullet678
Less: allowance for doubtful accounts bullet0 621 678 678
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).....   0  
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet     0  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,912,698 Click to see attachment1,674,640 1,674,640
b Investments—corporate stock (attach schedule)....... 5,484,824 Click to see attachment5,832,819 5,832,819
c Investments—corporate bonds (attach schedule)....... 1,171,197 Click to see attachment1,153,622 1,153,622
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,718,022 Click to see attachment2,756,096 2,756,096
14 Land, buildings, and equipment: basis bullet7,355
Less: accumulated depreciation (attach schedule) bullet7,355 0 Click to see attachment0 0
15 Other assets (describe bullet) Click to see attachment8,026 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,681,934 13,894,652 13,894,652
Liabilities 17 Accounts payable and accrued expenses.......... 0 7,877
18 Grants payable................. 0 0
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe bullet) 0 0
23 Total liabilities (add lines 17 through 22)......... 0 7,877
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........... 13,681,934 13,886,775
25 Net assets with donor restrictions............ 0 0
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 13,681,934 13,886,775
30 Total liabilities and net assets/fund balances (see instructions). 13,681,934 13,894,652
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
13,681,934
2
Enter amount from Part I, line 27a .....................
2
546,217
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
14,228,151
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
341,376
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,886,775
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly traded securities P    
b Capital gain dividends P 2020-12-31 2021-12-31
c
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 2,741,688 0 1,503,760 1,237,928
b 3,222 0 0 3,222
c
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 0 0 0 1,237,928
b 0 0 0 3,222
c
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 1,241,150
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 19,013
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 19,013
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 12,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Original Return Overpayment: -22000 7 22,000
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,987
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet2,987 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletVT
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    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 addressbulletwww.blockfound.org
    14
    The books are in care ofbulletBetsy Chodorkoff Telephone no.bullet (802) 426-3806

    Located atbullet491 Ennis Hill RoadMarshfieldVT ZIP+4bullet05658
    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)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Nancy M Sluys President
    1.00     		4,500 0 0
    491 Ennis Hill Road
    Marshfield,VT05658
    Elizabeth M Chodorkoff Ex. Director & Treasurer
    30.00     		87,000 0 0
    491 Ennis Hill Road
    Marshfield,VT05658
    Diana Maurer Schatz Trustee
    1.00     		4,500 0 0
    491 Ennis Hill Road
    Marshfield,VT05658
    Rebecca Robinson Secretary / Consultant
    1.20     		4,500 0 0
    491 Ennis Hill Road
    Marshfield,VT05658
    Lisa Chodorkoff Trustee
    1.00     		4,500 0 0
    491 Ennis Hill Road
    Marshfield,VT05658
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 None 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 None 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    13,631,199
    b
    Average of monthly cash balances.......................
    1b
    177,126
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,808,325
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    13,808,325
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    207,125
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    13,601,200
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    680,060
    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
    680,060
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    19,013
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    0
    c
    Add lines 2a and 2b............................
    2c
    19,013
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    661,047
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    661,047
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    661,047
    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 7 661,047
    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  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 159,451
    b From 2017...... 0
    c From 2018...... 0
    d From 2019...... 121,213
    e From 2020...... 111,378
    f Total of lines 3a through e ........ 392,042
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 801,703
    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..... 661,047
    e Remaining amount distributed out of corpus 140,656
    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 5 532,698
    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) ...     		159,451
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		373,247
    10 Analysis of line 9:
    a Excess from 2017.... 0
    b Excess from 2018.... 0
    c Excess from 2019.... 121,213
    d Excess from 2020.... 111,378
    e Excess from 2021.... 140,656
    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
    350 New Hampshire
    4 Park Street Suite 304
    Concord,NH03301     		  PC General Support 20,000
    Alight
    22 South Broadway 9912
    Denver,CO80209     		  PC General Support 20,000
    Alleghany Junior Appalachian Musicians
    360 North Main Street
    Sparta,NC28675     		  PC General Support 15,000
    Carolina Migrant Network
    6917 Lancer Drive
    Charlotte,NC28226     		  PC General Support 25,000
    Central Vermont Adult Basic Education
    46 Washington Street Suite 100
    Barre,VT05641     		  PC English LanguageLearning 10,000
    Clean Water for North Carolina
    29 1/2 Page Avenue
    Ashville,NC28801     		  PC General Support 10,000
    El Centro AMISTAD
    2222 14th Street
    Boulder,CO80302     		  PC Health Equity forLatinx Families 20,000
    Foothills Conservancy of North Carolina
    204 Avery Avenue
    Morganton,NC28655     		  PC Our Big BackyardProject 5,000
    Global Greengrants
    2840 Wilderness Place Suite A
    Boulder,CO80301     		  PC Women's EnvironmentalAction 25,000
    Good Food Collective
    1100 Avenida del Sol
    Durango,CO81301     		  PC Gleaning is Power 18,425
    Groundwork Denver
    3280 N Downing Street Unit E
    Denver,CO80205     		  PC Green Team Program 15,000
    Hunger Free Vermont
    38 Eastwood Drive Suite 100
    South Burlington,VT05403     		  PC Regional HungerCouncils 7,000
    Institute for Liberatory Innovation
    PO Box 624
    Montpelier,VT05601     		  PC Equity Scholar in Residence:Pilot Completion andImplementation 19,800
    Institute for Social Ecology
    PO Box 48
    Plainfield,VT05667     		  PC General Support 25,000
    Intervale Center
    180 Intervale Road
    Burlington,VT05401     		  PC BIPOC-GrowTeam 10,000
    Lake Champlain Community Sailing Center
    505 Lake Street
    Burlington,VT05401     		  PC General Support 5,000
    Maquam Bay of Missisquoi Inc
    100 Grand Avenue
    Swanton,VT05488     		  PC How to Grow Foodwith Gardening 10,000
    Migrant Justice
    294 North Winooski Avenue
    Burlington,VT05401     		  PC Milk with Dignity 25,000
    Minglewood Farm and Nature Preserve
    238 Minglewood Road
    Westfield,NC27053     		  PC Capacity Building 25,000
    Mountain Alliance
    PO Box 2854
    Boone,NC28607     		  PC Summer Outdoor LearningExperience for Teens 10,000
    Northeast Regional Foundation
    75 Fairfield Street
    St Albans,VT05478     		  PC Healthy RootsCollaborative Project 20,000
    Planned Parenthood of NNE
    784 Hercules Drive Suite 110
    Colchester,VT05446     		  PC Vermont Chapter 25,000
    Planned Parenthood South Atlantic
    3000 Maplewood Ave Suite 112
    WinstonSalem,NC28401     		  PC General Support 50,000
    Project Worthmore
    1666 Elmira Street
    Aurora,CO80010     		  PC Comprehensive Servicesand Support forRefugees 25,000
    Red Wiggler Community Farm
    PO Box 968
    Clarksburg,MD20871     		  PC Grower Program 15,000
    Refugee and Immigrant Fund
    32-13 37th Street
    Astoria,NY11103     		  PC General Support 20,000
    Shelburne Farms
    1611 Harbor Road
    Shelburne,VT05962     		  PC Burlington City and LakeSemester 10,000
    Soul 2 Soul Sisters
    PO Box 7632
    Denver,CO80207     		  PC Reproductive Justice 25,000
    Sprout City Farms
    PO Box 7536
    Denver,CO80207     		  PC Food Access andEducationalProgramming 15,000
    Sprouting Up Corporation
    1301 Buttonwood Drive
    Fort Collins,CO80525     		  PC Outdoor Kitchen& Nutrition Program 10,000
    Sustainability Matters
    822 Swover Creek Road
    Edinburg,VA22824     		  PC Making Trash Bloom 7,500
    The Urban Farm
    10200 Smith Road
    Denver,CO80239     		  PC Urban Grown IncubatorFarm 20,000
    Tides Center
    PO Box 399385
    San Francisco,CA94139     		  PC Nobody Leaves Mid-Hudson 25,000
    Transplanting Traditions Community Foundation
    PO Box 394
    Carrboro,NC27510     		  PC Children and Youth 25,000
    Ute Mountain Ute Tribe
    PO Box 189
    Towaoc,CO81334     		  PC Grocery Store, Native FoodIncubator & IndigenousAgriculture 25,000
    Vermont Journalism Trust
    26 State Street Suite 8
    Montpelier,VT05602     		  PC Community ListeningProject 10,000
    Vermont Releaf Collective
    PO Box 1017
    Colchester,VT05446     		  PC General Support 25,000
    Vermont Rural Education Collaborative
    212 Duchess Avenue Suite A
    Newport,VT05855     		  PC Enhancing Equity 10,000
    Total .................................bullet 3a 682,725
    bApproved for future payment
    Total .................................bullet 3b  
    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 ............     		    18 1,241,150  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOrdinary Gains from Partnerships     		110000 1,749 1 6,544  
    bPartnership Rental Gains 110000 17 1 281  
    cOther Partnership Gains     1 5,207  
    dTax Exempt Income     1 60  
    eSection 1231 Losses 110000 -41 1 -135  
    12 Subtotal. Add columns (b), (d), and (e) .. 1,725 1,525,683  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,527,408
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  
    Part VI Line 7 -Original Return Overpayment: -22,000


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    Harris & Frances Block Foundation Inc
    EIN:
    31-1784246
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Firms Accounting/Tax 7,695 6,128   999
    Payroll Processor Payroll Services 756 227   529

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 DepreciationSchedule
    Name:
    Harris & Frances Block Foundation Inc
    EIN:
    31-1784246
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    Laptop computer 2009-12-04 2,440 2,440 SL 5.000000000000 0      
    Laptop computer 2010-09-29 962 962 SL 3.000000000000 0      
    Laptop computer 2012-02-04 2,373 2,373 SL 3.000000000000 0      
    Mac computer 2014-07-18 1,580 1,580 SL 3.000000000000 0      

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    Harris & Frances Block Foundation Inc
    EIN:
    31-1784246
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    Publicly Held Securities & Capital Gain Dividends   Purchased   Unrelated Third Parties 2,744,910 1,503,760 Cost 0 1,241,150 0

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    Harris & Frances Block Foundation Inc
    EIN:
    31-1784246
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Blue Ridge Discovery Center Inc. 200,000 200,000
    John Deere 253,215 253,215
    Self-Help Federal Credit Union 508,867 508,867
    SUN Initiative Financing, LLC II 25,000 25,000
    The Skinny Pancake 50,000 50,000
    Vermont Community Loan Fund 70,000 70,000
    Vermont Natural Coatings, Inc. 46,540 46,540

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Harris & Frances Block Foundation Inc
    EIN:
    31-1784246
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Accell Group 125,296 125,296
    AEA-Bridges Impact 61,189 61,189
    Amalgamated Financial Corporation 66,325 66,325
    Amgen Inc. 73,115 73,115
    Automatic Data Processing Inc. 371,430 371,430
    Beiersdorf AG 201,679 201,679
    Camden International Corp. 192,640 192,640
    Check Pt Software 139,872 139,872
    Christian Hansen Holdings 98,400 98,400
    Cisco Systems Inc. 142,583 142,583
    Colgate-Palmolive Company 170,680 170,680
    Dentsply Sirona Inc. 63,601 63,601
    First Solare Inc. 61,448 61,448
    General Mills Inc. 269,520 269,520
    Glaxosmithkline PLC 386,662 386,662
    IBM Corp. 80,196 80,196
    iSun Inc. 104,908 104,908
    Koninklijke Ahold N.V. 206,400 206,400
    Nokia Corp. 116,594 116,594
    Nomad Foods Ltd. 210,356 210,356
    Quest Diagnostic Inc. 153,114 153,114
    Sanofi 293,586 293,586
    Smith & Nephew Group PF 197,161 197,161
    Spark New Zealand Ltd. 93,636 93,636
    Sprouts Farmers Markets 178,080 178,080
    Suez 225,000 225,000
    Telia Company 241,258 241,258
    Telus Corporation 358,264 358,264
    Unilever 268,950 268,950
    United Utilities 104,293 104,293
    Vestas Wind Systems 105,514 105,514
    Vital Farms Inc. 56,076 56,076
    Vodafone Group 214,983 214,983
    Cooperative Regions of Organic Producer Pools Cl E 100,000 100,000
    High Mowing Seed Co. 100,010 100,010

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    Harris & Frances Block Foundation Inc
    EIN:
    31-1784246
    US Government Securities - End of Year Book Value:

    1,674,640
    US Government Securities - End of Year Fair Market Value:

    1,674,640
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2021 InvestmentsOtherSchedule2
    Name:
    Harris & Frances Block Foundation Inc
    EIN:
    31-1784246
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Federal Agric 5.25% PFD   484,885 484,885
    Healthcare Trust of America REIT   131,223 131,223
    Healthpeak Properties Inc. REIT   277,893 277,893
    Income & Impact Fund, LLC   106,565 106,565
    Iroquois Valley Farmland REIT   101,970 101,970
    Kilroy Realty Corp REIT   199,380 199,380
    Northeast Kingdom Tasting Center   33,799 33,799
    Physicians Realty Trust REIT   197,621 197,621
    Reinventure Capital Fund I LP   115,389 115,389
    Safer Made LP   42,442 42,442
    Stag Industrial Inc. REIT   143,880 143,880
    Sunwealth Note Pool 2 LLC   57,069 57,069
    The Lyme Forest Fund III TE LP   28,872 28,872
    The Lyme Forest Fund IV TE LP   81,256 81,256
    The Lyme Forest Fund V TE LP   206,278 206,278
    Vaneck Green Bond ETF   214,154 214,154
    VSJF Flexible Capital Fund L3C   47,200 47,200
    Washington REIT   286,220 286,220

    TY 2021 LandEtcSchedule2
    Name:
    Harris & Frances Block Foundation Inc
    EIN:
    31-1784246
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Computer Equipment 7,355 7,355 0  


    TY 2021 OtherAssetsSchedule
    Name:
    Harris & Frances Block Foundation Inc
    EIN:
    31-1784246
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Excise Tax Refund Receivable 8,026 0 0


    TY 2021 OtherDecreasesSchedule
    Name:
    Harris & Frances Block Foundation Inc
    EIN:
    31-1784246
    Description Amount
    Unrealized Losses on Investments 341,376


    TY 2021 OtherExpensesSchedule
    Name:
    Harris & Frances Block Foundation Inc
    EIN:
    31-1784246
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Information Technology 18,682 50   16,632
    Membership Fees 1,560 0   1,560
    Office Expenses 1,128 356   772
    Other Investment Expenses 32,368 32,366   0


    TY 2021 OtherIncomeSchedule2
    Name:
    Harris & Frances Block Foundation Inc
    EIN:
    31-1784246
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Ordinary Gains from Partnerships 8,293 6,544  
    Other Partnership Gains 5,207 5,207  
    Partnership Rental Gains 298 281  
    Tax-Exempt Income 60 0  
    Section 1231 Gain/loss -176 -135  


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Harris & Frances Block Foundation Inc
    EIN:
    31-1784246
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Managers Investment Management 65,986 65,829   0
    Consultants Strategic Planning 20,169 0   20,169


    TY 2021 TaxesSchedule
    Name:
    Harris & Frances Block Foundation Inc
    EIN:
    31-1784246
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Taxes and ADR Fees 19,295 19,295   0
    Payroll Taxes 6,656 1,997   4,659
    Excise Tax 19,013 0   0