PETER ALFOND FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization: PETER ALFOND FOUNDATION (EIN 22-3267949)
Tax period: 2019-01-01 to 2019-12-31
Filed: 2020-09-10
IRS object ID: 202012549349100706
Schema version: 2019v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
General Explanation Attachment
Investments Corp Stock Schedule
Investments Other Schedule2
Legal Fees Schedule
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2020-09-10T10:20:32-05:00	ReturnTs
Tax Period End	2019-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	271728945	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	PKF O'CONNOR DAVIES LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	665 FIFTH AVENUE	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10022	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2019-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	223267949	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PETER ALFOND FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	PETE	BusinessNameControlTxt
Phone	3017614433	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3 BETHESDA METRO NO 960	AddressLine1Txt
City	BETHESDA	CityNm
State Abbreviation	MD	StateAbbreviationCd
ZIP	20814	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	PETER G ALFOND	PersonNm
Person Title	TRUSTEE	PersonTitleTxt
Phone	3017614433	PhoneNum
Signature	2020-09-09	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	THOMAS BLANEY	PreparerPersonNm
PTIN	P00234022	PTIN
Phone	2122862600	PhoneNum
Preparation	2020-08-25	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	67.250.101.203	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2020-09-09	IPDt
IP Tm	18:56:28	IPTm
IP Timezone	ED	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	DA39A3EE5E6B4B0D3255BFEF95601890AFD80709	AtSubmissionCreationDeviceId
At Submission Filing Device Id	D740A805C9DC1AB3D640CDA68BADBF9B21851E53	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2020-11-19 02:30:22Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$12,902,991	FMVAssetsEOYAmt
Method Of Accounting Other	Yes (X)	MethodOfAccountingOtherInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$467	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$467	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$137,345	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$198,813	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$1,610,013	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$10,467,590	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$1,571,035	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$16,345	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$16,340	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$1,764,170	TotalRevAndExpnssAmt
Total Net Invst Incm	$1,786,655	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$0	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$0	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$0	CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss	$1,639,979	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$0	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$1,639,979	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$3,375	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$0	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$3,375	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$308,343	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$39,028	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$269,315	OtherProfFeesDsbrsChrtblAmt
Interest Rev And Expnss	$8,259	InterestRevAndExpnssAmt
Interest Net Invst Incm	$18,712	InterestNetInvstIncmAmt
Interest Dsbrs Chrtbl	$0	InterestDsbrsChrtblAmt
Taxes Rev And Expnss	$54,500	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$458	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$0	TaxesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$11,325	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$0	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$11,325	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$15,997	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$25,947	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$5,529	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$2,041,778	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$84,145	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$1,929,523	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$120,200	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$120,200	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$2,161,978	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$84,145	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$2,049,723	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$397,808	ExcessRevenueOverExpensesAmt
Net Investment Income	$1,702,510	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$21,984	CashBOYAmt
Cash EOY	$22,463	CashEOYAmt
Cash EOYFMV	$22,463	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$1,704,371	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$52	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$52	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$10,510,685	CorporateStockBOYAmt
Corporate Stock EOY	$2,548,866	CorporateStockEOYAmt
Corporate Stock EOYFMV	$3,381,205	CorporateStockEOYFMVAmt
Other Investments BOY	$0	OtherInvestmentsBOYAmt
Other Investments EOY	$9,282,979	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$9,499,271	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$12,237,040	TotalAssetsBOYAmt
Total Assets EOY	$11,854,360	TotalAssetsEOYAmt
Total Assets EOYFMV	$12,902,991	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$4,100	AccountsPayableBOYAmt
Total Liabilities BOY	$4,100	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$12,232,940	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$11,854,360	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$12,232,940	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$11,854,360	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$12,237,040	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$11,854,360	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$12,232,940	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$397,808	ExcessRevenueOverExpensesAmt
Other Increases	$19,228	OtherIncreasesAmt
Subtotal	$11,854,360	SubtotalAmt
Other Decreases	$0	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$11,854,360	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
3,000 SH OF 1/100 BERKSHIRE HATHAWAY CL A	D	$9,247,708	$7,680,150	$1,567,558	$1,567,558
1,220 SH OF BERKSHIRE HATHAWAY CL B	D	$266,963	$208,212	$58,751	$58,751
SALE OF PUBLIC SECURITIES	P	$952,919	$969,215	-$16,296	-$16,296
CAPITAL GAINS THROUGH SAILINGSTONE K-1	P			-$38,978	-$38,978

Field	Value	IRS element (for citing)
Capital Gain Net Income	$1,571,035	CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	0	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$2,205,409	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$15,882,445	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.138858	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$1,214,866	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$14,999,730	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.080993	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$1,206,100	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$13,385,248	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.090107	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$1,127,399	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$14,101,831	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.079947	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$943,589	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$14,172,474	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.066579	DistributionYr5Rt
Total Distribution	0.456484	TotalDistributionRt
Average Distribution	0.091297	AverageDistributionRt
Net Vl Noncharitable Assets	$12,800,060	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$1,168,607	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$17,025	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$1,185,632	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$2,049,723	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	Yes (X)	DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax	$17,025	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$17,025	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$17,025	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$49,352	EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid	$10,000	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$59,352	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$0	EsPenaltyAmt
Overpayment	$42,327	OverpaymentAmt
Applied To ES Tax	$42,327	AppliedToESTaxAmt
Refund	$0	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	0	LegislativePoliticalActyInd
More Than100 Spent	0	MoreThan100SpentInd
Form1120 POL Filed	0	Form1120POLFiledInd
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Tax Reimbursed	$0	TaxReimbursedAmt
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	FL	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	0	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	INTENTIONAL PHILANTHROPY LLC	IndividualWithBooksNm
Phone	3017614433	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	3 BETHESDA METRO STE 960	AddressLine1Txt
City	BETHESDA	CityNm
State Abbreviation	MD	StateAbbreviationCd
ZIP	20814	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	0	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	0	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	0	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	Yes (1)	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (1)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	0	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	0	BusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	0	GrantsToIndividualsInd
Grants To Organizations	0	GrantsToOrganizationsInd
Noncharitable Purpose	0	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
REBEKAH ALFOND
3 BETHESDA METRO STE 960	BETHESDA	MD	20814	TRUSTEE	10.00	$0	$0	$0
KYLE ALFOND
3 BETHESDA METRO STE 960	BETHESDA	MD	20814	TRUSTEE	10.00	$0	$0	$0
SARAH BENSON
3 BETHESDA METRO STE 960	BETHESDA	MD	20814	TRUSTEE	5.00	$0	$0	$0
DEBORAH ALFOND
3 BETHESDA METRO STE 960	BETHESDA	MD	20814	TRUSTEE	1.00	$0	$0	$0
JAIRO ESTRADA
3 BETHESDA METRO STE 960	BETHESDA	MD	20814	TRUSTEE	1.00	$0	$0	$0
BARBARA CROWLEY
3 BETHESDA METRO STE 960	BETHESDA	MD	20814	TRUSTEE	1.00	$0	$0	$0
KEVIN MAHANEY
3 BETHESDA METRO STE 960	BETHESDA	MD	20814	TRUSTEE	1.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt	Address Line2USAddress/AddressLine2Txt
VENABLE LLP
POST OFFICE BOX 62727	BALTIMORE	MD	21264	LEGAL SERVICES	$1,369,530
INTENTIONAL PHILANTHROPHY LLC
3 BETHESDA METRO CENTER 960	BETHESDA	MD	20814	FOUNDATION MANAGEMENT	$188,315
VERRILL DANA LLP
ONE PORTLAND SQUARE PO BOX 586	PORTLAND	ME	04112	LEGAL SERVICES	$168,988
VERNAL POINT ADVISORS LLC
235 MONTGOMERY STE 1120	SAN FRANCISCO	CA	94104	SEE STATEMENT 14	$114,028
SHUTTS & BOWEN LLP
200 SOUTH BISCAYNE BOULEVARD SUITE	MIAMI	FL	33131	LEGAL SERVICES	$78,660	4100

Field	Value	IRS element (for citing)
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$12,101,158	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$893,827	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$12,994,985	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$12,994,985	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$194,925	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$12,800,060	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$640,003	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$640,003	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$17,025	TaxBasedOnInvestmentIncomeAmt
Total Tax	$17,025	TotalTaxAmt
Distributable Before Adj	$622,978	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$622,978	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$622,978	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$2,049,723	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$2,049,723	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$17,025	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$2,032,698	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$622,978	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr4	$150,997	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$543,738	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$465,205	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$1,416,635	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$2,576,575	TotalExcessDistributionCyovAmt
Qualifying Distributions	$2,049,723	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$622,978	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$1,426,745	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$4,003,320	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$0	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$4,003,320	ExcessDistriCyovToNextYrAmt
Excess From Year4	$150,997	ExcessFromYear4Amt
Excess From Year3	$543,738	ExcessFromYear3Amt
Excess From Year2	$465,205	ExcessFromYear2Amt
Excess From Year1	$1,416,635	ExcessFromYear1Amt
Excess From Current Year	$1,426,745	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line1RecipientForeignAddress/AddressLine1Txt	CityRecipientForeignAddress/CityNm	CountryRecipientForeignAddress/CountryCd
BETH ISRAEL CONGREGATION
PO BOX 224	BATH	ME	04530	PC	BUILDING IMPROVEMENTS	$10,000
MAINEGENERAL MEDICAL CENTER
35 MEDICAL CENTER PARKWAY	AUGUSTA	ME	04330	PC	ALFOND YOUTH CENTER	$95,300
UNA-USA PUERTO RICO
				PC	MODEL UNITED NATIONS PROGRAM	$5,000	B-5 TABONUCO ST SUITE 216 PMB 110	GUAYNABO	RQ
PUERTO RICO COMMUNITY FOUNDATION
				PC	PRCF SCHOLARSHIP FUND VIII	$9,900	1719 AVE PONCE DE LEON	SAN JUAN	RQ

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$120,200	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$467	ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$137,345	ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$16,345	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$1,610,013	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$1,764,170	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$1,764,170	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	0	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	0	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	0	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	0	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	0	ReimbursementArrangementsInd
Loans Or Loan Guarantees	0	LoansOrLoanGuaranteesInd
Performance Of Services Etc	0	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	0	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	TAX PREPARATION SERVICES	CategoryTxt
Amt	$3,375	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$3,375	DisbursementsCharitablePrpsAmt

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	Medium ExplanationMediumExplanationTxt
FORM 990-PF, PART I, LINE 16A	THE FOUNDATION INCURRED EXTRAORDINARILY HIGH LEGAL FEES DURING 2018 AND 2019 DUE TO THE LITIGATION OF PETER ALFOND'S ESTATE.
FORM 990-PF, PART VIII, LINE 3	VERNAL POINT ADVISORS, LLC WAS PAID $75,000 FOR PROJECT MANAGEMENT SERVICES AND $39,027.78 FOR INVESTMENT CONSULTING.

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
4,433 SHARES OF BERKSHIRE HATHAWAY CLASS B	$756,639	$1,004,075
700 SHARES OF 1/100 BERKSHIRE HATHAWAY CL A	$1,792,227	$2,377,130

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (15 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
115,460 SHARES OF ANGEL OAK MULTI STRATEGY	AT COST	$1,274,723	$1,273,520
79,618 SHARES OF DOUBLELINE TOTAL RETURN	AT COST	$837,949	$846,343
9,817 SHARES OF OSTERWEIS STRATEGIC	AT COST	$109,345	$106,420
93,543 SHARES OF DODGE & COX INCOME FUND	AT COST	$1,281,646	$1,312,411
ANGELO GORDON CS HOLDINGS FUND, LP	AT COST	$370,000	$433,161
ALATUS INFLECTION LONG ONLY FUND LTD CLASS B SERIES 1	AT COST	$1,000,000	$1,193,550
ALTAS PARTNERS HOLDINGS II LP	AT COST	$224,600	$218,748
INVICTUS OPPORTUNITY FUND II LP	AT COST	$581,744	$658,490
MHS CAPITAL PARTNERS III, LP	AT COST	$5,000	$5,000
REDCAR FUND I LP	AT COST	$324,770	$310,309
RMWC DIRECT LENDING OPPORTUNITIES FUND III LP	AT COST	$473,202	$484,408
SAILINGSTONE GLOBAL NATURAL RESOURCES FUND LP	AT COST	$400,000	$250,600
TILDEN PARK OFFSHORE INVESTMENT FUND LTD CLASS A-2	AT COST	$1,000,000	$990,592
VECTOR CAPITAL CREDIT OPPORTUNITY OFFSHORE FUND, LTD	AT COST	$550,000	$549,661
WARD FERRY ASIAN RECONNAISSANCE FUND LTD	AT COST	$850,000	$866,058

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL SERVICES	CategoryTxt
Legal Fees	$1,639,979	LegalFeesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$1,639,979	DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
MEMBERSHIP DUES	$750	$0	$750
FOUNDATION GRANTS MANAGEMENT LICENSE	$2,500	$0	$2,500
INSURANCE	$2,250	$0	$2,250
BOARD OFFICE AND TECHNOLOGY	$29	$0	$29
PARTNERSHIP EXPENSES	$10,468	$25,947	$0

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
RMWC DLOF III LP	$1,318	$1,318	$1,318
REDCAR FUND I LP	$15,027	$15,027	$15,027
ORDINARY INCOME (L0SS) THROUGH K-1S	$0	-$5	$0

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	NON-TAXABLE GAIN ON DONATION OF 432 SHARES BERKSHIRE HATHAWAY CLASS B STOCK	Desc
Amt	$19,228	Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FOUNDATION MANAGEMENT FEE	$188,315	$0	$188,315
WEALTH MANAGEMENT CONSULTING	$39,028	$39,028	$0
PROJECT MANAGEMENT CONSULTING	$75,000	$0	$75,000
DESIGN OF GRANT METRICS FOR BOYS AND GIRLS CLUB OF PUERTO RICO	$6,000	$0	$6,000

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FEDERAL EXCISE TAX	$54,500	$0	$0
FOREIGN TAXES THROUGH K-1S	$0	$458	$0