TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

For calendar year 2021, or tax year beginning 07-01-2021 , and ending 06-30-2022

Name of foundation
THEODORE A RAPP FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)CO W H PARR CO LLP 381 POST RD
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DARIEN, CT06820

A Employer identification number

33-1013781

B Telephone number (see instructions)

(203) 655-8261

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$4,826,428J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	8,335		8,335
4	Dividends and interest from securities...	96,707		96,707
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		334,930
b	Gross sales price for all assets on line 6a 664,076
7	Capital gain net income (from Part IV, line 2)...			334,930
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........	439,972		439,972
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		8,658	0	8,658
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		4,774	0	368
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		12,781	12,781	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	26,213		12,781	9,026
25	Contributions, gifts, grants paid.......	452,300			452,300
26	Total expenses and disbursements. Add lines 24 and 25	478,513		12,781	461,326
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-38,541
b	Net investment income (if negative, enter -0-)			427,191
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2021)

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	103,193	140,201	140,201
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	75,337	87,891	75,796
	b	Investments—corporate stock (attach schedule).......	2,451,539	2,361,475	4,456,939
	c	Investments—corporate bonds (attach schedule).......	171,818	167,073	152,161
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	0	0	1,331
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,801,887	2,756,640	4,826,428
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	2,801,887	2,756,640
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	0	0
	29	Total net assets or fund balances (see instructions).....	2,801,887	2,756,640
	30	Total liabilities and net assets/fund balances (see instructions).	2,801,887	2,756,640

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

2,801,887

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

-38,541

Other increases not included in line 2 (itemize) bullet

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

2,763,346

Decreases not included in line 2 (itemize) bullet

6,706

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

2,756,640

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
1 a	PUBLICLY TRADED SECURITIES	P
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	664,076	329,146	334,930
b
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			334,930
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	334,930
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Form 990-PF (2021)

Page 4

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	5,938
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	5,938
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	5,200
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	5,200
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	738
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax	Refunded	11

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

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

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

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address bullet

N/A

The books are in care of bullet

WILLIAM H PARR & COMPANY LLP Telephone no. bullet

(203) 655-8261

Located at bullet

381 POST RDDARIENCT ZIP+4 bullet

06820

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2021? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2021, did the foundation have any undistributed income (lines 6d

and 6e, Part XII) for tax year(s) beginning before 2021?....................

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2021.) .....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..

Form 990-PF (2021)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

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

5a(3)

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

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

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
BRIAN E SKINNER	TRUSTEE 0.50	0	0	0
381 POST ROAD DARIEN,CT06820	TRUSTEE 0.50	0	0	0
ALEXANDRA ADAME	TRUSTEE 0.50	0	0	0
514 INDIAN FIELD RD GREENWICH,CT06830	TRUSTEE 0.50	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2021)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2	NOT APPLICABLE	0
3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2	NOT APPLICABLE	0
All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2021)

Page 8

Part IX

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

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

purposes:

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

5,752,048

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

330,937

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

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

6,082,985

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

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

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

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

6,082,985

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

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

91,245

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

5,991,740

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

299,587

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

299,587

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

5,938

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

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

5,938

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

293,649

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

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

293,649

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

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

293,649

Part XI

Qualifying Distributions (see instructions)

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

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

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7					293,649
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2021:
a From 2016......	241,261
b From 2017......	268,656
c From 2018......	105,058
d From 2019......	154,025
e From 2020......	129,913
f Total of lines 3a through e ........		898,913
4Qualifying distributions for 2021 from Part
XI, line 4: $ 461,326
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.....					293,649
e Remaining amount distributed out of corpus		167,677
5 Excess distributions carryover applied to 2021.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		1,066,590
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) ...		241,261
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		825,329
10 Analysis of line 9:
a Excess from 2017....	268,656
b Excess from 2018....	105,058
c Excess from 2019....	154,025
d Excess from 2020....	129,913
e Excess from 2021....	167,677

Form 990-PF (2021)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2021	(b) 2020	(c) 2019	(d) 2018	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

BRIAN E SKINNER
C/O WILLIAM H PARR CO LLP 381 POST
RD
DARIEN,CT06820
(203) 655-8261

bThe form in which applications should be submitted and information and materials they should include:

THE APPLICANT MUST VERIFY THAT IT IS A QUALIFIED CHARITABLE ORGANIZATION.

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NONE

Form 990-PF (2021)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ALS ASSOCIATION PO BOX 37022 BOONE,IA50037	N/A	N/A	SUPPORT OF ORGANIZATION	50,000
ALZHEIMERS ASSOCATION PO BOX 96011 WASHINGTON,DC20090	N/A	N/A	SUPPORT OF ORGANIZATION	50,000
AMERICAN CANCER SOCIETY PO BOX 22478 OKLAHOMA CITY,OK73123	N/A	N/A	SUPPORT OF ORGANIZATION	25,000
DOCTORS WITHOUT BORDERS PO BOX 5023 HAGERSTOWN,MD21741	N/A	N/A	SUPPORT OF ORGANIZATION	25,000
GREENWICH HOSPITAL 35 RIVER ROAD COS COB,CT06807	N/A	N/A	SUPPORT OF ORGANIZATION	21,000
MEMORIAL SLOAN-KETTERING CANCER CENTER 1275 YORK AVENUE NEW YORK,NY10065	N/A	N/A	SUPPORT OF ORGANIZATION	25,000
MICHAEL J FOX FOUNDATION GRAND CENTRAL STATION PO BOX 4777 NEW YORK,NY10163	N/A	N/A	SUPPORT OF ORGANIZATION	50,000
MONTEFIORE MEDICAL CENTER 111 EAST 210TH STREET BRONX,NY10467	N/A	N/A	SUPPORT OF ORGANIZATION	25,000
NEW CANAAN LIBRARY 151 MAIN STREET NEW CANAAN,CT06840	N/A	N/A	SUPPORT OF ORGANIZATION	5,000
NORWALK GRASSROOTS 11 INGALLS AVE NORWALK,CT06854	N/A	N/A	SUPPORT OF ORGANIZATION	5,000
SAMUEL WAXMAN CANCER RESEARCH FOUNDATION 420 LEXINGTON AVE 825 NEW YORK,NY10170	N/A	N/A	SUPPORT OF ORGANIZATION	63,300
WAVENY PARK CONSERVANCY PO BOX 944 NEW CANAAN,CT06840	N/A	N/A	SUPPORT OF ORGANIZATION	3,000
WEILL CORNELL MEDICINE 418 E 71ST ST NEW YORK,NY10021	N/A	N/A	SUPPORT OF ORGANIZATION	100,000
NEW YORK PUBLIC RADIO 160 VARICK STREET NEW YORK,NY10013	N/A	N/A	SUPPORT OF ORGANIZATION	5,000
Total ................................. 3a				452,300

bApproved for future payment

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

Form 990-PF (2021)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	8,335
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	334,930
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		439,972	0

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

439,972

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2021)

Page 13

Part XVI

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2021 AccountingFeesSchedule

Name:

THEODORE A RAPP FOUNDATION

EIN:

33-1013781

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	8,658	0		8,658

- TIN:

TY 2021 DistributionFromCorpusElection

Name:

THEODORE A RAPP FOUNDATION

EIN:

33-1013781

Election:

THEODORE A. RAPP FOUNDATION HEREBY ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF CORPUS. -------------------------- --------- BRIAN E. SKINNER, TRUSTEE DATE

- TIN:

TY 2021 InvestmentsCorpBondsSchedule

Name:

THEODORE A RAPP FOUNDATION

EIN:

33-1013781

Name of Bond	End of Year Book Value	End of Year Fair Market Value
65000 GOLDMAN SACHS GROUP INC	65,000	56,757
3000 ORIX CORP	3,002	3,000
2000 BNP PARIBAS	1,980	2,003
3000 JOHN DEERE CAPITAL GROUP	3,017	3,000
2000 KINDER MORGAN ENER PART	2,004	2,001
3000 BANK OF NEW YORK MELLON	3,073	3,004
1000 DUKE ENERGY CORP	996	1,000
3000 MORGAN STANLEY	2,975	3,006
2000 SANTANDER HOLDINGS USA	2,025	1,967
3000 JPMORGAN CHASE & CO	2,998	2,990
2000 CAPITAL ONE FINANCIAL CO	2,000	1,953
2000 DH EUROPE FINANCE II	2,002	1,920
3000 APPLE INC	2,826	2,944
2000 WELLS FARGO & COMPANY	2,004	1,956
2000 WESTPAC BANKING CORP	2,075	1,931
1000 ENERGY TRANSFER PARTNERS	1,026	986
2000 EXXON MOBIL CORPORATION	2,063	1,970
2000 BP CAP MARKETS AMERICA	2,113	1,976
1000 GENERAL MILLS INC	985	1,000
1000 BOEING CO	1,093	997
1000 ABBVIE INC	959	985
2000 VODAFONE GROUP PLC	2,091	2,009
1000 CITIGROUP INC	1,021	999
2000 NISOURCE INC	1,995	1,798
1000 STARBUCKS CORP	994	997
1000 SIMON PROPERTY GROUP LP	1,064	977
2000 ENTERGY CORP	1,997	1,802
1000 ASTRAZENECA PLC	1,003	991
1000 VIRGINIA ELEC & POWER CO	1,003	972
1000 EXPRESS SCRIPTS HOLDING	1,026	1,016
1000 CITIGROUP INC	1,027	1,003
1000 TORONTO-DOMINION BANK	984	887
2000 BOSTON PROPERTIES LP	1,985	1,867
2000 CSX CORP	1,953	1,880
1000 AMERICAN EXPRESS CO	1,000	909
1000 GOLDMAN SACHS GROUP INC	989	892
1000 GENERAL MOTORS FINL CO	1,023	961
1000 HONDA MOTOR CO LTD	990	937
1000 TOYOTA MOTOR CREDIT CORP	973	963
1000 T-MOBILE USA INC	1,094	963
2000 ROYAL BANK OF CANADA	1,998	1,941
2000 COCA-COLA CO	2,010	1,813
2000 HP INC	2,124	1,852
1000 GOLDMAN SACHS GROUP INC	981	890
2000 ATHENE HOLDINGS LTD	2,181	1,884
1000 US BANCORP	1,002	917
1000 MCKESSON CORP	1,002	974
1000 ANTHEM INC	1,004	991
2000 AT&T INC	2,297	1,973
1000 KEURIG DR PEPPER INC	944	956
1000 AMGEN INC	1,027	874
2000 NVIDIA CORP	2,083	1,836
2000 EXELON CORP	2,250	1,924
2000 NEXTERA ENERGY CAPITAL	2,012	1,684
1000 COMCAST CORP	1,149	988
1000 LOWES COS INC	1,016	858
2000 ALTRIA GROUP INC	1,929	1,511
2000 VERIZON COMM	1,935	1,928
1000 AMAZON.COM INC	1,137	952
1000 SHELL INTL	1,308	1,165
3000 IBM CORP	3,238	2,611
1000 WALMART INC	1,032	757
1000 EVEREST REINSURANCE HLDG	986	713

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

THEODORE A RAPP FOUNDATION

EIN:

33-1013781

Name of Stock	End of Year Book Value	End of Year Fair Market Value
20 SHS ALPHABET INC SHS	17,040	43,585
2000 SHS AMERICAN INTERNATIONAL GROUP INC	64,364	102,260
8100 SHS APPLE INC	174,600	1,107,432
1300 SHS BANK NEW YORK MELLON CORP	27,528	54,223
7000 SHS BANK OF AMERICA CORP	123,834	217,910
2000 SHS CENTENE CORP	23,826	169,220
400 SHS CHARLES RIVER LABS INTL	18,297	85,588
1300 SHS CHEVRON CORP	108,398	188,214
2200 SHS CITIGROUP INC COM NEW	99,220	101,178
1000 SHS EBAY INC	22,398	41,670
537 SHS GENERAL ELEC	68,533	34,191
500 SHS HONEYWELL INTL INC DEL	27,967	86,905
950 SHS JPMORGAN CHASE & CO	54,918	106,979
800 SHS MEDTRONIC PLC SHS	60,537	71,800
400 SHS META PLATFORMS INC	37,284	64,500
1400 SHS PAYPAL HOLDINGS INC	45,566	97,776
350 SHS PEPSICO INC	21,781	58,331
1200 SHS HEALTH CARE SELECT SPDR	85,501	153,888
3548.2039 SHS NUVEEN NASDAQ 100 DYNAMI	44,555	77,493
1740 SHS SECTOR SPDR INDUSTRIAL	100,584	151,972
350 SHS VANGUARD INFORMATION	47,127	114,292
2430 SHS VANGUARD DIVIDEND	200,194	348,632
45 SHS ABBOTT LABS	1,912	4,889
66 SHS ABBVIE INC SHS	5,535	10,109
68 SHS AIR PRODUCTS&CHEM	17,002	16,353
143 SHS ALTRIA GROUP INC	8,080	5,973
53 SHS AMER EXPRESS COMPANY	9,785	7,347
18 SHS AMERICAN TOWER REIT INC (HLDG CO)	4,064	4,601
15 SHS AMGEN INC COM	3,004	3,650
106 SHS APPLE INC	4,667	14,492
26 SHS AUTOMATIC DATA PROC	4,023	5,461
158 SHS BANK OF NOVA SCOTIA	11,048	9,355
35 SHS BERKSHIRE HATHAWAYINC DEL CL B NEW	6,993	9,556
47 SHS BEST BUY CO INC	5,415	3,064
32 SHS BLACKROCK INC	13,424	19,489
85 SHS BRISTOL-MYERS SQUIBB CO	5,435	6,545
44 SHS BROADCOM INC	13,491	21,376
152 SHS CHEVRON CORP	14,812	22,007
56 SHS CINN FINCL CRP OHIO	4,259	6,663
299 SHS CISCO SYSTEMS INC	11,335	12,749
357 SHS COMCAST CORP NEW CL A	18,104	14,009
97 SHS CORNING INC	3,805	3,056
158 SHS CROWN CASTLE REIT INC SHS	19,284	26,604
107 SHS CSX CORP	2,407	3,109
9 SHS DEERE CO	3,378	2,695
51 SHS DIAGEO PLC SPSD ADR NEW	5,969	8,880
129 SHS DOMINION ENERGY INC	9,668	10,295
51 SHS EATON CORP PLC	6,367	6,425
32 SHS ELI LILLY & CO	4,392	10,375
78 SHS EMERSON ELEC CO	5,791	6,204
98 SHS ENTERGY CORP NEW	10,323	11,039
26 SHS EVERSOURCE ENERGY COM	2,037	2,196
113 SHS EXXON MOBIL CORP	7,252	9,677
141 SHS FASTENAL COMPANY	4,043	7,039
128 SHS FIDELITY NATL INFO SVCS	13,389	11,734
269 SHS FIFTH THIRD BANCORP	6,833	9,038
36 SHS GENL DYNAMICS CORP	8,792	7,965
455 SHS HEWLETT PACKARD ENTERPRISE CO	6,639	6,033
34 SHS HOME DEPOT INC	8,314	9,325
19 SHS ILLINOIS TOOL WORKS INC	3,091	3,463
126 SHS JOHNSON AND JOHNSON COM	19,223	22,366
97 SHS JPMORGAN CHASE & CO	10,663	10,923
132 SHS KEURIG DR PEPPER INC	4,959	4,671
439 SHS KINDER MORGAN INC. DEL	6,257	7,358
13 SHS LOCKHEED MARTIN CORP	4,599	5,589
51 SHS LOWE'S COMPANIES INC	4,467	8,908
114 SHS MAGNA INTL INC CL A VTG	9,592	6,259
43 SHS MARSH & MCLENNAN COS INC	3,445	6,676
42 SHS MCDONALDS CORP	6,612	10,122
193 SHS MEDTRONIC PLC SHS	20,742	17,322
206 SHS MERCK AND CO INC SHS	15,125	18,781
85 SHS MICROSOFT CORP	10,175	21,831
143 SHS MONDELEZ INTERNATIONAL INC	7,538	8,879
54 SHS NESTLE S A REP RG SH ADR	4,686	6,285
107 SHS NEXTERA ENERGY INC SHS	3,551	8,288
101 SHS NINTENDO LTD	7,135	5,436
31 SHS NORFOLK SOUTHERN CORP	3,030	7,046
83 SHS NUTRIEN LTD REG SHS	5,384	6,614
106 SHS PAYCHEX INC	6,415	12,070
79 SHS PEPSICO INC	9,808	13,166
184 SHS PFIZER INC	6,937	9,647
64 SHS PHILIP MORRIS INTL INC	5,670	6,319
24 SHS PHILLIPS 66 SHS	2,511	1,968
49 SHS PNC FINCL SERVICES GROUP	7,541	7,731
216 SHS PRINCIPAL FINANCIAL GRP	15,242	14,427
105 SHS PROCTER & GAMBLE CO	14,138	15,098
89 SHS PROGRESSIVE CRP OHIO	8,785	10,348
41 SHS PROLOGIS INC	3,631	4,824
43 SHS QUALCOMM INC	5,255	5,493
273 SHS REALTY INCM CRP MD	18,489	18,635
95 SHS SEAGATE TECH HLDGS PUB LTD CO	6,966	6,787
42 SHS SEMPRA ENERGY	4,763	6,161
178 SHS STARBUCKS CORP	13,865	13,597
85 SHS SYNCHRONY FINL COM	4,106	2,348
64 SHS TARGET CORP	5,425	9,039
174 SHS TEXAS INSTRUMENTS	21,774	26,735
93 SHS TORONTO-DOMINION BANK	6,822	6,100
301 SHS TRUIST FINL CORP	13,577	14,276
120 SHS UNITED PARCEL SVC CL B	16,752	21,905
30 SHS UNITEDHEALTH GROUP INC	12,450	15,409
71 SHS US BANCORP	3,728	3,267
512 SHS VERIZON COMMUNICATNS COM	27,289	25,984
416 SHS VICI PPTYS INC	11,402	12,393
39 SHS WEC ENERGY GROUP INC SHS	2,550	3,925
187 SHS WILLIAMS COMPANIES DEL	5,237	5,836
2753.113 SHS LOOMIS SAYLES HI INCOME	28,502	23,374
15422.064 SHS LOOMIS SAYLES SECURITIZE	156,448	125,844

- TIN:

TY 2021 InvestmentsGovtObligationsSch

Name:

THEODORE A RAPP FOUNDATION

EIN:

33-1013781

US Government Securities - End of Year Book Value:

87,891

US Government Securities - End of Year Fair Market Value:

75,796

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

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

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

THEODORE A RAPP FOUNDATION

EIN:

33-1013781

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ESTIMATED ACCRUED INTERST-A/C 2214	FMV	0	115
ESTIMATED ACCRUED INTERST-A/C 7408	FMV	0	1,216

- TIN:

TY 2021 OtherDecreasesSchedule

Name:

THEODORE A RAPP FOUNDATION

EIN:

33-1013781

Description	Amount
COST BASIS ADJUSTMENTS	6,706

- TIN:

TY 2021 OtherExpensesSchedule

Name:

THEODORE A RAPP FOUNDATION

EIN:

33-1013781

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	12,768	12,768		0
ADR FEES	13	13		0

- TIN:

TY 2021 TaxesSchedule

Name:

THEODORE A RAPP FOUNDATION

EIN:

33-1013781

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	368	0		368
2021 ESTIMATED TAX PAYMENT	4,406	0		0