if the foundation is not required to attach Sch. B
OMB No. 1545-0047
Department of the Treasury
Internal Revenue ServiceOpen to Public Inspection
Number and street (or P.O. box number if mail is not delivered to street address)Room/suite
If exemption application is pending, check here
Foreign organizations meeting the 85% test,
check here and attach computation
(The total of amounts in columns (b), (c), and (d) may not
necessarily equal the amounts in column (a).)
Disbursements
for charitable purposes
(cash basis only)
Check
Interest on savings and temporary
cash investments
Net rental income or (loss)
Net gain or (loss) from sale of assets not on line 10
Gross sales price for all
assets on line 6a
Capital gain net income (from Part IV, line 2)
Gross sales less returns
and allowances
Less: Cost of goods sold
Compensation of officers, directors, trustees, etc.
Excess of revenue over expenses and disbursements
(if negative, enter -0-)
(if negative, enter -0-)
923501 12-17-19
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.
| Go to www.irs.gov/Form990PF for instructions and the latest information.
For calendar year 2019 or tax year beginning, and ending
A
B
C
Employer identification number
GD1.
2.
H
E
IJ
F
Analysis of Revenue and Expenses
(d)
(a)(b)(c)
1
2
3
4
5
7
8
9
11
a
b
6a
b
10a
b
c
12Total.
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
a
b
c
Total operating and administrative
expenses.
Total expenses and disbursements.
a
b
c
Net investment income
Adjusted net income
For Paperwork Reduction Act Notice, see instructions.
Revenue Operating and Administrative Expenses
Form
Name of foundation
Telephone number
City or town, state or province, country, and ZIP or foreign postal code~|
|
|
|
|
Check all that apply:Initial returnInitial return of a former public charityForeign organizations, check here~~
Final returnAmended return
Address changeName change~~~~
Check type of organization:Section 501(c)(3) exempt private foundation
If private foundation status was terminated
under section 507(b)(1)(A), check here
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation~
Fair market value of all assets at end of yearAccounting method:CashAccrual
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here
(from Part II, col. (c), line 16)Other (specify)~
(Part I, column (d), must be on cash basis.)
$
|
Revenue and
expenses per books
Net investment
income
Adjusted net
income
Contributions, gifts, grants, etc., received~~~
|
~~~~~~~~~~~~~~
Dividends and interest from securities
Gross rents
~~~~~
~~~~~~~~~~~~~~~~
~~
~~
~~~~~
Net short-term capital gain
Income modifications
~~~~~~~~~
~~~~~~~~~~~~
~~~~
~
Gross profit or (loss)
Other income
~~~~~~~~~~~~
~~~~~~~~~~~~~~~
Add lines 1 through 11
~~~
Other employee salaries and wages
Pension plans, employee benefits
~~~~~~
~~~~~~
Legal fees
Accounting fees
~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~
Other professional fees~~~~~~~~~~~
Interest
Taxes
~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~
Depreciation and depletion~~~~~~~~~
Occupancy
Travel, conferences, and meetings
Printing and publications
Other expenses
~~~~~~~~~~~~~~~~
~~~~~~
~~~~~~~~~~
~~~~~~~~~~~~~~
Add lines 13 through 23~~~~~
Contributions, gifts, grants paid~~~~~~~
Add lines 24 and 25
Subtract line 26 from line 12:
~
~~~
Form (2019) LHA
Part I
990-PF
Return of Private Foundation
990-PF
2019
STATEMENT 1
STATEMENT 2
STATEMENT 3
STATEMENT 4
STMT 5
STMT 6
STMT 7
STMT 8
STMT 9
THE PETER AND ELIZABETH C TOWER
16-6350753
2351 NORTH FOREST ROAD
X
X
151,343,704.
26,420.26,420.
3,303,358.3,303,358.
3,126,869.
3,758,177.
40,477.1,551.
6,497,124.7,089,506.
420,294.93,871.326,423.
498,417.0.498,417.
118,172.0.118,172.
17,488.5,829.11,659.
47,314.23,657.23,657.
1,114,304.579,477.534,827.
185,470.37,092.48,378.
10,374.0.
85,920.0.85,920.
50,630.0.50,630.
431.0.431.
122,835.0.122,835.
2,671,649.739,926.1,821,349.
6,182,589.6,182,589.
8,854,238.739,926.8,003,938.
<2,357,114.>
6,349,580.
106
FOUNDATION
N/A
N/A
716-689-0370
43,820,760.
X
GETZVILLE, NY 14068-1225
1
17010512 783816 E0815701.02019.03042 THE PETER AND ELIZABETH C E0815701
Attached schedules and amounts in the description
column should be for end-of-year amounts only.
Other notes and loans receivable
Investments - land, buildings, and equipment: basis
Less: accumulated depreciation
Less: accumulated depreciation
Loans from officers, directors, trustees, and other disqualified persons
923511 12-17-19
2
(a)(b)(c)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
a
b
c
Total assets
17
18
19
20
21
22
23Total liabilities
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29, and 30.
24
25
26
27
28
29
30
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
Total net assets or fund balances
Total liabilities and net assets/fund balances
1
2
3
4
5
1
2
3
4
5
6 6
Assets Liabilities Net Assets or Fund Balances
Form 990-PF (2019)Page
Beginning of year
End of year
Book Value Book Value Fair Market Value
Cash - non-interest-bearing
Savings and temporary cash investments
~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~
Accounts receivable
Less: allowance for doubtful accounts
Pledges receivable
Less: allowance for doubtful accounts
Grants receivable
Receivables due from officers, directors, trustees, and other
disqualified persons
~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~
Less: allowance for doubtful accounts
Inventories for sale or use
Prepaid expenses and deferred charges
~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~
Investments - U.S. and state government obligations
~~~~~~~
Investments - corporate stock
Investments - corporate bonds
~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~
~~
~~~~~~~~
Investments - mortgage loans
Investments - other
Land, buildings, and equipment: basis
~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~
Other assets (describe)
(to be completed by all filers - see the
instructions. Also, see page 1, item I)
Accounts payable and accrued expenses~~~~~~~~~~~~~
Grants payable
Deferred revenue
~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~
~~~~
Mortgages and other notes payable
Other liabilities (describe
~~~~~~~~~~~~~~~
)
(add lines 17 through 22)
~~
Net assets without donor restrictions
Net assets with donor restrictions
~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~
Capital stock, trust principal, or current funds~~~~~~~~~~~
Paid-in or capital surplus, or land, bldg., and equipment fund
Retained earnings, accumulated income, endowment, or other funds
~~~~
~
~~~~~~~~~~~~~~~~
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)
~~~~~~~~~~~~~~~~~~~~~~~~~~~
Enter amount from Part I, line 27a
Other increases not included in line 2 (itemize)
Add lines 1, 2, and 3
Decreases not included in line 2 (itemize)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 29
Form (2019)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance Sheets
Part II
Analysis of Changes in Net Assets or Fund Balances
Part III
990-PF
STMT 10
STMT 11
STMT 12
STMT 13
STMT 14
STATEMENT 15
427,049.156,677.156,677.
3,109,619.3,389,152.3,389,152.
4,648,074.4,798,634.4,948,035.
30,886,198.27,906,866.34,890,661.
5,963,556.5,242,396.5,452,960.
78,236,788.79,386,548.102,356,990.
14,744.11,734.11,734.
96,619.137,495.137,495.
123,382,647.121,029,502.151,343,704.
10,714.14,683.
10,714.14,683.
0.0.
0.0.
123,371,933.121,014,819.
123,371,933.121,014,819.
123,382,647.121,029,502.
123,371,933.
<2,357,114.>
0.
121,014,819.
0.
121,014,819.
200,639.
188,905.
X
16-6350753 FOUNDATION
THE PETER AND ELIZABETH C TOWER
2
17010512 783816 E0815701.02019.03042 THE PETER AND ELIZABETH C E0815701
923521 12-17-19
3
(b)
(a)(c)(d)
1a
b
c
d
e
(f)(g)(h)
(e)
a
b
c
d
e
(l)
or
(j)(k)
(i)
a
b
c
d
e
22
3
3
YesNo
1
(a)(d)
(b)(c)
2
3
4
5
6
7
8
Total2
3
4
5
6
7
8
Form 990-PF (2019)
Page
How acquired
P - Purchase
D - Donation
List and describe the kind(s) of property sold (for example, real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
Date acquired
(mo., day, yr.)
Date sold
(mo., day, yr.)
Depreciation allowed
(or allowable)
Cost or other basis
plus expense of sale
Gain or (loss)
((e) plus (f) minus (g))
Gross sales price
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69.
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
Losses (from col. (h))
Adjusted basis
as of 12/31/69
Excess of col. (i)
over col. (j), if any
FMV as of 12/31/69
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
Capital gain net income or (net capital loss)~~~~~~
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).
If (loss), enter -0- in Part I, line 8
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation doesn't qualify under section 4940(e). Do not complete this part.
~~~~~~~~~~~~~~~~
Enter the appropriate amount in each column for each year; see the instructions before making any entries.
Base period years
Calendar year (or tax year beginning in)
Distribution ratio
(col. (b) divided by col. (c))
Adjusted qualifying distributionsNet value of noncharitable-use assets
2018
2017
2016
2015
2014
of line 1, column (d)
Average distribution ratio for the 5-year base period - divide the total on line 2 by 5.0, or by the number of years
the foundation has been in existence if less than 5 years
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
Multiply line 4 by line 3
~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Enter 1% of net investment income (1% of Part I, line 27b)~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Add lines 5 and 6~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Enter qualifying distributions from Part XII, line 4~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate.
See the Part VI instructions.
Form (2019)
Capital Gains and Losses for Tax on Investment Income
Part IV
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
Part V
990-PF
p
m
o
r
q
s
p
m
o
PUBLICLY TRADED SECURITIES
FSP 1441 MAIN STREET CORP
CAPITAL GAINS DIVIDENDS
43,688,506.
132,254.
40,062,418.
165.
3,626,088.
<165.>
132,254.
3,626,088.
<165.>
132,254.
3,758,177.
X
9,593,702.146,616,623..065434
9,240,469.146,025,575..063280
10,978,403.135,893,391..080787
11,028,578.145,059,078..076028
8,065,654.79,515,067..101436
.386965
.077393
141,508,640.
10,951,778.
63,496.
11,015,274.
8,011,377.
16-6350753 FOUNDATION
THE PETER AND ELIZABETH C TOWER
N/A
3
17010512 783816 E0815701.02019.03042 THE PETER AND ELIZABETH C E0815701
If "Yes," attach a schedule listing their names and addresses
923531 12-17-19
4
1
2
3
4
5
6
7
8
9
10
a
b
c
(attach copy of letter if necessary-see instructions)
1
2
3
4
5 Tax based on investment income.
a
b
c
d
6a
6b
6c
6d
7
penalty8
Tax due. amount owed
9
Overpayment. amount overpaid10
11Credited to 2020 estimated taxRefunded11
1
2
3
4
a
b
c
d
e
1a
1b
1c
1a1b
Form 1120-POL
(1)(2)
2
3
4a
4b
5
a
bForm 990-T
5
6
7
8
6
7
a
b
8b
9
10
9
10
General Instruction T.
General Instruction G?
Form 990-PF (2019)Page
Exempt operating foundations described in section 4940(d)(2), check here|and enter "N/A" on line 1.
Date of ruling or determination letter:
Domestic foundations that meet the section 4940(e) requirements in Part V, check here
of Part I, line 27b
|and enter 1%
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
All other domestic foundations enter 2% of line 27b. Exempt foreign organizations, enter 4% of Part I, line 12, col. (b)
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only; others, enter -0-)
Add lines 1 and 2
~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only; others, enter -0-)~~~~~~~~
Subtract line 4 from line 3. If zero or less, enter -0-~~~~~~~~~~~~~~~~~
Credits/Payments:
2019 estimated tax payments and 2018 overpayment credited to 2019~~~~~~~~
Exempt foreign organizations - tax withheld at source
Tax paid with application for extension of time to file (Form 8868)
Backup withholding erroneously withheld
~~~~~~~~~~~~~~~~
~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~
Total credits and payments. Add lines 6a through 6d~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Enter any for underpayment of estimated tax. Check hereif Form 2220 is attached~~~~~~~~~~~~~
If the total of lines 5 and 8 is more than line 7, enter
~~~~~~~~~~~~~~~~~~~~|
|
|
If line 7 is more than the total of lines 5 and 8, enter the
Enter the amount of line 10 to be: |
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in
any political campaign?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions for the definition~~~~
If the answer is "Yes" to or , attach a detailed description of the activities and copies of any materials published or
distributed by the foundation in connection with the activities.
Did the foundation filefor this year?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
On the foundation. |$On foundation managers. |$
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation
managers. |$
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 for this year?
~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Was there a liquidation, termination, dissolution, or substantial contraction during the year?~~~~~~~~~~~~~~~~~~~~~~
If "Yes," attach the statement required by
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?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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 XV~~~~~~~~
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 If "No," attach explanation~~~~~~~~~~~~~~~~~~~~~~~~~~~
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 2019 or the tax year beginning in 2019? See the instructions for Part XIV. If "Yes," complete Part XIV~~~~~~~~~~~~~~~~
Did any persons become substantial contributors during the tax year?
Form (2019)
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see instructions)
Part VI
Statements Regarding Activities
Part VII-A
YesNo
990-PF
p
n
n
n
m
n
n
n
o
9
X
NY
126,992.
0.
126,992.
0.
126,992.
104,648.
0.
0.
0.
104,648.
0.
22,344.
X
X
X
X
X
X
X
X
X
X
X
X
N/A
16-6350753 FOUNDATION
THE PETER AND ELIZABETH C TOWER
0.0.
0.
4
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
923541 12-17-19
5
11
12
13
14
15
16
11
12
13
Form 1041 -
15
16
1a
(1)
(2)
(3)
(4)
(5)
(6)
Yes
Yes
Yes
Yes
Yes
Yes
No
No
No
No
No
No
Exception.
b
c
any
1b
1c
2
a
b
c
YesNo
not
all
2b
any
3a
b
YesNo
(1)
(2)
(3)
3b
4a
4b
4a
b
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
(continued)
Form 990-PF (2019)Page
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?~~~~~~~~~~~
Website address |
The books are in care of |
Located at |
Telephone no. |
ZIP+4|
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of check here~~~~~~~~~~~~~~~~~~~~~~~|
and enter the amount of tax-exempt interest received or accrued during the year~~~~~~~~~~~~~~~~~~~|
At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over a bank,
securities, or other financial account in a foreign country?
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes," enter the name of the
foreign country
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
|
During the year, did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
~~~~~~~~~~~~~
~~~~~~~~~~~~~~
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Agree to pay money or property to a government official? ( 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.)~~~~~~~~~~~~~~~~~~~~~
If any answer is "Yes" to 1a(1)-(6), did 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~~~~~~~~~~~~~~~~~~~~~
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 2019?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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 2019, did the foundation have any undistributed income (Part XIII, lines
6d and 6e) for tax year(s) beginning before 2019?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
If "Yes," list the years |,,,
Are there any years listed in 2a for which the foundation isapplying 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 years listed, answer "No" and attach
statement - see instructions.)~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
If the provisions of section 4942(a)(2) are being applied toof the years listed in 2a, list the years here.
|,,,
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 2019 as a result of any purchase by the foundation or disqualified persons after
May 26, 1969; 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 the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720,
Schedule C, to determine if the foundation had excess business holdings in 2019.)~~~~~~~~~~~~~~~~~~~~~~~~~~
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 2019?
Form (2019)
Part VII-AStatements Regarding Activities
YesNo
YesNo
Part VII-BStatements Regarding Activities for Which Form 4720 May Be Required
YesNo
990-PF
X
X
X
X
X
X
X
X
X
X
X
X
N/A
N/A
16-6350753 FOUNDATION
THE PETER AND ELIZABETH C TOWER
X
X
X
WWW.THETOWERFOUNDATION.ORG
LUMSDEN & MCCORMICK, LLP
369 FRANKLIN STREET, BUFFALO, NY
(716)856-3300
14202
N/A
X
5
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
Contributions to
employee benefit plans
and deferred
compensation
Contributions to
employee benefit plans
and deferred
compensation
923551 12-17-19
5a
(1)
(2)
(3)
(4)
(5)
Yes
Yes
Yes
Yes
Yes
No
No
No
No
No
b
c
any
5b
6b
7b
YesNo
6
7
8
a
YesNo
b
YesNo
a
b
YesNo
(If not paid,
enter -0-)
6
1 List all officers, directors, trustees, and foundation managers and their compensation.
(d)
(c)
(e)
(b)
(a)
2 Compensation of five highest-paid employees (other than those included on line 1). If none, enter "NONE."
(d)
(e)
(b)
(a)
(c)
Total
(continued)
Form 990-PF (2019)Page
During the year, did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly,
any voter registration drive?
~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Provide a grant to an individual for travel, study, or other similar purposes?
Provide a grant to an organization other than a charitable, etc., organization described in section
4945(d)(4)(A)? See instructions
~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for
the prevention of cruelty to children or animals?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
If any answer is "Yes" to 5a(1)-(5), did 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~~~~~~~~~~~~~~~~~~~~~
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(s) during the year?
Compensation
Expense
account, other
allowances
Title, and average
hours per week devoted
to position
Name and address
Expense
account, other
allowances
Title, and average
hours per week
devoted to position
Name and address of each employee paid more than $50,000
Compensation
number of other employees paid over $50,000|
Form (2019)
Part VII-BStatements Regarding Activities for Which Form 4720 May Be Required
YesNo
YesNo
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly
Paid Employees, and Contractors
990-PF
SEE STATEMENT 17
108,774.22,185.1,600.
CHIEF PROGRAM OFF.
40.00
DONALD W MATTESON - 2351 NORTH
FOREST ROAD, SUITE 106, GETZVILLE,
NICHOLAS G RANDELL - 2351 NORTH
FOREST ROAD, SUITE 106, GETZVILLE,
CHARLES E COLSTON JR - 2351 NORTH
FOREST ROAD, SUITE 106, GETZVILLE,
MEGAN T. MACDAVEY - 2351 NORTH
FOREST ROAD, SUITE 106, GETZVILLE,
PROGRAM OFF.
40.00
PROGRAM OFF.
40.00
PROGRAM OFF.
40.00
21,587.
21,126.
8,742.
2,204.
1,094.
1,600.
88,860.
82,909.
80,516.
KATHLEEN E ANDRIACCIO - 2351 NORTH
FOREST ROAD, SUITE 106, GETZVILLE,
ADMIN MGR.
40.00
1,241.
1,600. 73,538.
1
X
16-6350753 FOUNDATION
THE PETER AND ELIZABETH C TOWER
420,294.18,584.2,440.
X
X
X
X
X
N/A
N/A
X
X
X
N/A
6
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
923561 12-17-19
7
3 Five highest-paid independent contractors for professional services. If none, enter "NONE."
(a)(c)
(b)
Total
1
2
3
4
1
2
3
Total.
(continued)
Form 990-PF (2019)Page
Name and address of each person paid more than $50,000 Compensation
Type of service
number of others receiving over $50,000 for professional services
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
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.Amount
All other program-related investments. See instructions.
Form (2019)
Add lines 1 through 3
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly
Paid Employees, and Contractors
Summary of Direct Charitable Activities
Part IX-A
Part IX-B
Summary of Program-Related Investments
990-PF
J
9
N/A
0.
FULL FRAME COMMUNICATIONS, LLC
CONSULTING369,250. 43 SHAW ROAD, BELMONT, MA 02478
UBS FINANCIAL SERVICES INC. - 250 DELAWARE
AVE, SUITE 610, BUFFALO, NY 14202
UBS FINANCIAL SERVICES INC. - 250 DELAWARE
AVE, SUITE 610, BUFFALO, NY 14202
2351 NORTH FOREST, LLC
2351 NORTH FOREST, GETZVILLE, NY 14068
INVESTMENT MGMT FEES
RENT
281,088.
146,561.
85,920.
0
N/A
16-6350753 FOUNDATION
THE PETER AND ELIZABETH C TOWER
7
17010512 783816 E0815701.02019.03042 THE PETER AND ELIZABETH C E0815701
INVESTMENT ADVISORY, CUSTODIAN
& REPORTING FEES
923571 12-17-19
8
1
a
b
c
d
e
1a
1b
1c
1d
2
3
4
5
6
Total
1e
2
3
4
5Net value of noncharitable-use assets.
6Minimum investment return.
1
2
3
4
5
6
1
2c
3
4
5
6
7
a
b
c
2a
2b
7Distributable amount
1
2
3
4
5
6
a
b
1a
1b
2
3a
3b
4
5
6
a
b
Qualifying distributions.
Adjusted qualifying distributions.
Note:
Form 990-PF (2019)
Page
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
Average of monthly cash balances
Fair market value of all other assets
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
(add lines 1a, b, and c)
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
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see instructions)~~~~~~~~
Subtract line 4 from line 3. Enter here and on Part V, line 4~~~~~~~~~~
Enter 5% of line 5
(Section 4942(j)(3) and (j)(5) private operating foundations and certain
foreign organizations, check hereand do not complete this part.)
Minimum investment return from Part X, line 6
Tax on investment income for 2019 from Part VI, line 5
Income tax for 2019. (This does not include the tax from Part VI.)
Add lines 2a and 2b
~~~~~~~~~~~
~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Distributable amount before adjustments. Subtract line 2c from line 1
Recoveries of amounts treated as qualifying distributions
~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Add lines 3 and 4
Deduction from distributable amount (see instructions)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
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 IX-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)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Add lines 1a through 3b. Enter here and on Part V, line 8; and Part XIII, line 4~~~~~~~~~
Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
income. Enter 1% of Part I, line 27b~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Subtract line 5 from line 4~~~~~~~~~~~~~~~~~~~~~~~~~~~
The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for the section
4940(e) reduction of tax in those years.
Form (2019)
(All domestic foundations must complete this part. Foreign foundations, see instructions.)
(see instructions)
(see instructions)
Minimum Investment Return
Part X
Part XI
Distributable Amount
Qualifying Distributions
Part XII
990-PF
9
8,003,938.
0.
139,939,000.
3,724,594.
143,663,594.
0.
143,663,594.
2,154,954.
141,508,640.
7,075,432.
7,075,432.
126,992.
126,992.
6,948,440.
38,926.
6,987,366.
0.
6,987,366.
16-6350753 FOUNDATION
0.
7,439.
8,011,377.
THE PETER AND ELIZABETH C TOWER
0.
8,011,377.
8
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
Undistributed income, if any, as of the end of 2019:
Excess distributions carryover applied to 2019
(If an amount appears in column (d), the same amount
must be shown in column (a).)
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
923581 12-17-19
9
(a)(b)(c)(d)
1
2
3
a
b
a
b
c
d
e
fTotal
4
a
b
c
d
e
5
6
Enter the net total of each column as
indicated below:
a
b
c
d
e
f
7
8
9
10
Excess distributions carryover to 2020.
a
b
c
d
e
Form 990-PF (2019)Page
CorpusYears prior to 201820182019
Distributable amount for 2019 from Part XI,
line 7~~~~~~~~~~~~~~~~~
Enter amount for 2018 only~~~~~~~
Total for prior years:
,,
Excess distributions carryover, if any, to 2019:
From 2014
From 2015
From 2016
From 2017
From 2018
~~~
~~~
~~~
~~~
~~~
of lines 3a through e~~~~~~~~
Qualifying distributions for 2019 from
$
Part XII, line 4:
Applied to 2018, but not more than line 2a
Applied to undistributed income of prior
years (Election required - see instructions)
~
~
Treated as distributions out of corpus
(Election required - see instructions)
Applied to 2019 distributable amount
~~~
~~~
Remaining amount distributed out of corpus
~~~~~~~~
~~
Prior years' undistributed income. Subtract
line 4b from line 2b~~~~~~~~~~~
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~~~~~~~~~~~~~~~
Subtract line 6c from line 6b. Taxable
amount - see instructions~~~~~~~~
Undistributed income for 2018. Subtract line
4a from line 2a. Taxable amount - see instr.~
Undistributed income for 2019. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020~~~~~~~~~~
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)~~~~
Excess distributions carryover from 2014
not applied on line 5 or line 7~~~~~~~
Subtract lines 7 and 8 from line 6a~~~~
Analysis of line 9:
Excess from 2015
Excess from 2016
Excess from 2017
Excess from 2018
Excess from 2019
~
~
~
~
Form (2019)
(see instructions)
Undistributed Income
Part XIII
990-PF
9
8,011,377.
3,802,631.
4,168,859.
1,942,706.
2,362,188.
1,024,011.
6,987,366.
0.
0.
16,433,696.
0.
6,987,366.
1,024,011.
0.0.
17,457,707.
0.
0.
0.
0.
4,157,312.
13,300,395.
0.
4,157,312.
3,802,631.
4,168,859.
1,942,706.
2,362,188.
0.
0.
16-6350753 FOUNDATION
THE PETER AND ELIZABETH C TOWER
0.
9
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
923601 12-17-19
10
1a
b
a
b
c
d
e
2
(a) (b) (c) (d) (e) Total
3
a
(1)
(2)
b
c
(1)
(2)
(3)
(4)
1
a
b
2
a
b
c
d
Information Regarding Foundation Managers:
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Form 990-PF (2019)Page
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2019, enter the date of the ruling~~~~~~~~~~~
~~~
Check box to indicate whether the foundation is a private operating foundation described in section4942(j)(3) or4942(j)(5)
Prior 3 years
Tax year
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part X for
each year listed
2019201820172016
~~~~~~~~~
85% of line 2a~~~~~~~~~~
Qualifying distributions from Part XII,
line 4, for each year listed~~~~~
Amounts included in line 2c not
used directly for active conduct of
exempt activities~~~~~~~~~
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c~~~~
Complete 3a, b, or c for the
alternative test relied upon:
"Assets" alternative test - enter:
Value of all assets~~~~~~
Value of assets qualifying
under section 4942(j)(3)(B)(i)
~
"Endowment" alternative test - enter
2/3 of minimum investment return
shown in Part X, line 6, for each year
listed
~~~~~~~~~~~~~~
"Support" alternative test - enter:
Total support other than gross
investment income (interest,
dividends, rents, payments on
securities loans (section
512(a)(5)), or royalties)~~~~
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)~~~
Largest amount of support from
an exempt organization
Gross investment income
~~~~
List 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).)
List 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.
Check hereif 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.
The name, address, and telephone number or email address of the person to whom applications should be addressed:
The form in which applications should be submitted and information and materials they should include:
Any submission deadlines:
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors:
Form (2019)
(see instructions and Part VII-A, question 9)
Part XIVPrivate Operating Foundations
Part XVSupplementary Information (Complete this part only if the foundation had $5,000 or more in assets
at any time during the year-see instructions.)
990-PF
9
9
SEE STATEMENT 18
NONE
NONE
N/A
16-6350753 FOUNDATION
THE PETER AND ELIZABETH C TOWER
10
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
923611 12-17-19
11
3
a
Total3a
b
Total3b
Grants and Contributions Paid During the Year or Approved for Future Payment
(continued)
Paid during the year
Approved for future payment
Page
Form 990-PF (2019)
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Recipient
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
Form (2019)
Part XVSupplementary Information
990-PF
9
9
SEE ATTACHMENT IPC
6,182,589.
SEE ATTACHMENT I
6,182,589.
2,142,417.
SEE ATTACHMENT JSEE ATTACHMENT J
2,142,417.
PC
16-6350753 FOUNDATION
THE PETER AND ELIZABETH C TOWER
11
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
Excluded by section 512, 513, or 514
Exclu-
sion
code
923621 12-17-19
12
(e)
(c)
(a)
(b)
(d)
1
a
b
c
d
e
f
g
2
3
4
5
6
7
8
9
10
a
b
11
12
13
a
b
c
d
e
Total.13
Line No.
Form 990-PF (2019)Page
Unrelated business income
Enter gross amounts unless otherwise indicated.
Related or exempt
function income
Business
code
Amount
Amount
Program service revenue:
Fees and contracts from government agencies~~~
Membership dues and assessments
Interest on savings and temporary cash
investments
~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~
Dividends and interest from securities
Net rental income or (loss) from real estate:
~~~~~~~~
Debt-financed property
Not debt-financed property
~~~~~~~~~~~~~
~~~~~~~~~~~~
Net rental income or (loss) from personal
property~~~~~~~~~~~~~~~~~~~~~
Other investment income
Gain or (loss) from sales of assets other
than inventory
~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~
Net income or (loss) from special events
Gross profit or (loss) from sales of inventory
Other revenue:
~~~~~~~
~~~~~
Subtotal. Add columns (b), (d), and (e)
Add line 12, columns (b), (d), and (e)
~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
(See worksheet in line 13 instructions to verify calculations.)
Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of
the foundation's exempt purposes (other than by providing funds for such purposes).
Form (2019)
Part XVI-AAnalysis of Income-Producing Activities
Part XVI-BRelationship of Activities to the Accomplishment of Exempt Purposes
990-PF
<
REFUND OF PRIOR YEAR
CONTRIBUTIONS
6,497,124.
N/A
0.
14
14
14
18
26,420.
3,303,358.
1,551.
3,126,869.
6,458,198.
38,926.
38,926.
16-6350753 FOUNDATION
THE PETER AND ELIZABETH C TOWER
12
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
Line no.
Description of transfers, transactions, and sharing arrangements
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 instr.
923622 12-17-19
13
1
a
b
(1)
(2)
1a(1)
1a(2)
1b(1)
1b(2)
1b(3)
1b(4)
1b(5)
1b(6)
1c
(1)
(2)
(3)
(4)
(5)
(6)
c
d(b)
(d)
(a)
(b)(c)(d)
2a
b
(a)(b)(c)
YesNo
Form 990-PF (2019)Page
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?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Cash
Other assets
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Other transactions:
Sales of assets to a noncharitable exempt organization
Purchases of assets from a noncharitable exempt organization
Rental of facilities, equipment, or other assets
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Reimbursement arrangements
Loans or loan guarantees
Performance of services or membership or fundraising solicitations
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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 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 the value of the goods, other assets, or services received.
Amount involved Name of noncharitable exempt organization
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?
If "Yes," complete the following schedule.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~YesNo
Name of organization Type of organization Description of relationship
Signature of officer or trustee
Title
Date
Check
self- employed
if
PTIN
Print/Type preparer's namePreparer's signatureDate
Firm's nameFirm's EIN
Firm's address
Phone no.
Form (2019)
Part XVII
Information Regarding Transfers to and Transactions and Relationships With Noncharitable
Exempt Organizations
YesNo
Sign
Here
Paid
Preparer
Use Only
990-PF
==
99
9
X
(716)856-3300
LUMSDEN & MCCORMICK, LLP
369 FRANKLIN STREET
BUFFALO, NY 14202
X
X
X
X
X
X
X
X
X
N/A
N/A
16-0765486
16-6350753 FOUNDATION
THE PETER AND ELIZABETH C TOWER
CPA
DALE B. DEMYANICK,
TRUSTEE
ATTORNEY
P00155344
X
13
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
OMB No. 1545-0123
Department of the Treasury
Internal Revenue Service
912801 01-14-20
| Attach to the corporation's tax return.
| Go to www.irs.gov/Form2220 for instructions and the latest information.
Employer identification number
1
2
3
4
5
1
2d
3
4
5
a
b
c
d
2a
2b
2c
Total.
do not
Caution:
Required annual payment. smaller
must
6
7
8
(a)(b)(c)(d)
9
10
11
12
13
14
15
16
17
18
Installment due dates.
Form 990-PF filers:
9
10
11
12
13
14
15
16
17
18
Required installments.
Complete lines 12 through 18 of one column
before going to the next column.
Underpayment.
Overpayment.
Go to Part IV on page 2 to figure the penalty. Do not go to Part IV if there are no entries on line 17 - no penalty is owed.
For Paperwork Reduction Act Notice, see separate instructions.2220
Note:
do not
Form
Name
Total tax (see instructions)
Personal holding company tax (Schedule PH (Form 1120), line 26) included on line 1
Look-back interest included on line 1 under section 460(b)(2) for completed long-term
contracts or section 167(g) for depreciation under the income forecast method
Credit for federal tax paid on fuels (see instructions)
Add lines 2a through 2c
Subtract line 2d from line 1. If the result is less than $500, complete or file this form. The corporation
does not owe the penalty
Enter the tax shown on the corporation's 2018 income tax return. See instructions. If the tax is zero
or the tax year was for less than 12 months, skip this line and enter the amount from line 3 on line 5
Enter theof line 3 or line 4. If the corporation is required to skip line 4,
enter the amount from line 3
Check the boxes below that apply. If any boxes are checked, the corporation file Form 2220
even if it does not owe a penalty. See instructions.
The corporation is using the adjusted seasonal installment method.
The corporation is using the annualized income installment method.
The corporation is a "large corporation" figuring its first required installment based on the prior year's tax.
Enter in columns (a) through
(d) the 15th day of the 4th (
Use 5th month), 6th, 9th, and 12th months of the
corporation's tax year~~~~~~~~~~~~~~~~
If the box on line 6 and/or line 7
above is checked, enter the amounts from Sch A, line 38. If
the box on line 8 (but not 6 or 7) is checked, see instructions
for the amounts to enter. If none of these boxes are checked,
enter 25% (0.25) of line 5 above in each column
Estimated tax paid or credited for each period. For
column (a) only, enter the amount from line 11 on line 15.
See instructions
Enter amount, if any, from line 18 of the preceding column
Add lines 11 and 12
Add amounts on lines 16 and 17 of the preceding column
Subtract line 14 from line 13. If zero or less, enter -0-
If the amount on line 15 is zero, subtract line 13 from line
14. Otherwise, enter -0-
If line 15 is less than or equal to line 10,
subtract line 15 from line 10. Then go to line 12 of the next
column. Otherwise, go to line 18
If line 10 is less than line 15, subtract line 10
from line 15. Then go to line 12 of the next column
Form (2019)
Generally, the corporation is not required to file Form 2220 (see Part II below for exceptions) because the IRS will figure any penalty owed and
bill the corporation. However, the corporation may still use Form 2220 to figure the penalty. If so, enter the amount from page 2, line 38, on the
estimated tax penalty line of the corporation's income tax return, but attach Form 2220.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~
~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~
~~~~
~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~
~~
~~~~~~~~~~~~~~~
~~~~~~~~~~~
LHA
Part IRequired Annual Payment
Reasons for Filing -
Part II
Part IIIFiguring the Underpayment
Underpayment of Estimated Tax by Corporations
2220
2019
FOUNDATION16-6350753
126,992.
126,992.
19,881.38,430. 22,593. 19,881.
34,648.10,000.20,000.40,000.
14,767.4,886.2,293.
24,767.24,886.42,293.
34,648.24,767.24,886.42,293.
0.0.
14,767.4,886.2,293.
THE PETER AND ELIZABETH C TOWER
125,352.
125,352.
FORM 990-PF
X
X
05/15/1906/15/1909/15/1912/15/19
14
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
Number of days from due date of installment on line 9 to the
date shown on line 19
Number of days on line 20 after 4/15/2019 and before 7/1/2019
Underpayment on line 17 x Number of days on line 21 x 6% (0.06)
365
Number of days on line 20 after 06/30/2019 and before 10/1/2019
Underpayment on line 17 x Number of days on line 23 x 5% (0.05)
365
Number of days on line 20 after 9/30/2019 and before 1/1/2020
Underpayment on line 17 x Number of days on line 25 x 5% (0.05)
365
Number of days on line 20 after 12/31/2019 and before 4/1/2020
Underpayment on line 17 x Number of days on line 27 x 5% (0.05)
366
Number of days on line 20 after 3/31/2020 and before 7/1/2020
Underpayment on line 17 x Number of days on line 29 x *%
366
Number of days on line 20 after 6/30/2020 and before 10/1/2020
Underpayment on line 17 x Number of days on line 31 x *%
366
Number of days on line 20 after 9/30/2020 and before 1/1/2021
Underpayment on line 17 x Number of days on line 33 x *%
366
Number of days on line 20 after 12/31/2020 and before 3/16/2021
Underpayment on line 17 x Number of days on line 35 x *%
365
Add lines 22, 24, 26, 28, 30, 32, 34, and 36
912802 01-14-20
(a)(b)(c)(d)
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
(C corporations with tax years ending June 30
and S corporations:
Form 990-PF and Form 990-T filers:
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
Penalty.
38
www.irs.gov.
2220
Form 2220 (2019)Page
Enter the date of payment or the 15th day of the 4th month
after the close of the tax year, whichever is earlier.
Use 3rd month instead of 4th month.
Use 5th month
instead of 4th month.) See instructions
~~~~~~~~~~~~~~~~~
~~
~$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
~
~
~~
~
~
~
~~
~~~
~
~~~
~~
~~~
~
~~~
~~~~~~~~~
Add columns (a) through (d) of line 37. Enter the total here and on Form 1120, line 34; or the comparable
line for other income tax returns
* Use the penalty interest rate for each calendar quarter, which the IRS will determine during the first month in the preceding quarter.
These rates are published quarterly in an IRS News Release and in a revenue ruling in the Internal Revenue Bulletin. To obtain this
information on the Internet, access the IRS website atYou can also call 1-800-829-4933 to get interest rate information.
Form (2019)
~~~~~~~~
2
Part IVFiguring the Penalty
0.
16-6350753 FOUNDATION
THE PETER AND ELIZABETH C TOWER FORM 990-PF
15
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
Enter taxable income for each period for the tax year beginning in
2019. See the instructions for the treatment of extraordinary items
912821 01-14-20
3
Form 1120-S filers:
(a)(b)(c)(d)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
a
b
c
a
b
c
a
b
c
a
b
c
1a
1b
1c
2
3a
3b
3c
4
5
6
7
8
9a
9b
9c
10
11a
11b
11c
12
13
14
15
16
17
18
19
2220
For lines 1, 2, 3, and 21, "taxable income" refers to excess net passive income or the amount on which tax is
imposed under section 1374(a), whichever applies.
Form 2220 (2019)Page
See instructions.
Enter taxable income for the following periods.
Tax year beginning in 2016
Tax year beginning in 2017
Tax year beginning in 2018
First 3 monthsFirst 5 monthsFirst 8 monthsFirst 11 months
~~~~~~~~~~~~
~~~~~~~~~~~~
~~~~~~~~~~~~
First 4 monthsFirst 6 monthsFirst 9 monthsEntire year
Enter taxable income for the following periods.
Tax year beginning in 2016
Tax year beginning in 2017
Tax year beginning in 2018
~~~~~~~~~~~~
~~~~~~~~~~~~
~~~~~~~~~~~~
Divide the amount in each column on line 1a by the
amount in column (d) on line 3a
Divide the amount in each column on line 1b by the
amount in column (d) on line 3b
Divide the amount in each column on line 1c by the
amount in column (d) on line 3c
~~~~~~~~~~
~~~~~~~~~~
~~~~~~~~~~
Add lines 4 through 6
Divide line 7 by 3.0
Divide line 2 by line 8
Extraordinary items (see instructions)
Add lines 9a and 9b
Figure the tax on the amt on ln 9c using the instr for Form
1120, Sch J, line 2, or comparable line of corp's return
~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~
~~~~~~~~
~~~~~~~~~~~~~~~~
~
Divide the amount in columns (a) through (c) on line 3a
by the amount in column (d) on line 3a
Divide the amount in columns (a) through (c) on line 3b
by the amount in column (d) on line 3b
Divide the amount in columns (a) through (c) on line 3c
by the amount in column (d) on line 3c
Add lines 11a through 11c
~~~~~~~
~~~~~~~
~~~~~~~
~~~~~~~~~~~~~
Divide line 12 by 3.0
Multiply the amount in columns (a) through (c) of line 10
by columns (a) through (c) of line 13. In column (d), enter
the amount from line 10, column (d)
Enter any alternative minimum tax (trusts only) for each
payment period. See instructions
Enter any other taxes for each payment period. See instr.
Add lines 14 through 16
~~~~~~~~~~~~~~~~
~~~~~~~~
~~~~~~~~~~
~~~~~~~~~~~~~~
For each period, enter the same type of credits as allowed
on Form 2220, lines 1 and 2c. See instructions
Total tax after credits. Subtract line 18 from line 17. If
zero or less, enter -0-
~~~~
Form (2019)
Use this method only if the base period percentage for any 6 consecutive months is at least 70%.
See instructions.
Schedule AAdjusted Seasonal Installment Method and Annualized Income Installment Method
Part IAdjusted Seasonal Installment Method
Caution:
FORM 990-PF
16-6350753 THE PETER AND ELIZABETH C TOWER FOUNDATION
16
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
912822 01-14-20
4
(a)(b)(c)(d)
20
21
22
23
24
25
26
27
28
29
30
31
20
21
22
23a
23b
23c
24
25
26
27
28
29
30
31
a
b
c
Note:
32
33
34
35
36
37
38
smaller
Adjusted seasonal or annualized income installments.
32
33
34
35
36
37
38
Note:
Required installments. smaller
2220
Form 2220 (2019)Page
First
months
First
months
First
months
First
months Annualization periods (see instructions)
Enter taxable income for each annualization period. See
instructions for the treatment of extraordinary items
Annualization amounts (see instructions)
Annualized taxable income. Multiply line 21 by line 22
Extraordinary items (see instructions)
Add lines 23a and 23b
~~~~~~~
~~
~~~~~~
~
~~~~~~~~
~~~~~~~~~~~~~~
Figure the tax on the amount on line 23c using the
instructions for Form 1120, Schedule J, line 2,
or comparable line of corporation's return
Enter any alternative minimum tax (trusts only) for each
payment period (see instructions)
Enter any other taxes for each payment period. See instr.
Total tax. Add lines 24 through 26
~~~~~~
~~~~~~~~~~
~~~~~~~~~
For each period, enter the same type of credits as allowed
on Form 2220, lines 1 and 2c. See instructions
Total tax after credits. Subtract line 28 from line 27. If
zero or less, enter -0-
Applicable percentage
~~~~
~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~25%50%75%100%
Multiply line 29 by line 30
Complete lines 32 through 38 of one column
before completing the next column.
1st
installment
2nd
installment
3rd
installment
4th
installment
If only Part I or Part II is completed, enter the amount in
each column from line 19 or line 31. If both parts are
completed, enter the of the amounts in each
column from line 19 or line 31
Add the amounts in all preceding columns of line 38.
See instructions
Subtract line 33 from line 32. If zero or less, enter -0-
~~~~~~~~~~~
~~~~~~~~~~~~~~~~~
~
Enter 25% (0.25) of line 5 on page 1 of Form 2220 in
each column. "Large corporations," see the
instructions for line 10 for the amounts to enter~~~~
Subtract line 38 of the preceding column from line 37 of
the preceding column
Add lines 35 and 36
Enter the of line 34 or
line 37 here and on page 1 of Form 2220, line 10.
See instructions
~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~
Form (2019)
Part IIAnnualized Income Installment Method
Part IIIRequired Installments
994,047.2,078,492.3,779,437.
6.0000004.0000002.000000
79,524.79,524.83,140.100,785.
3,976,188.
39,762.62,355.100,785.
3,976,188.
19,881.39,762.62,355.
4,156,984.5,039,237.
19,881.22,593.38,430.
19,881.39,762.
**
62,355.
FORM 990-PF
100,785.
79,524.79,524.83,140.
1.333330
79,524.79,524.83,140.
100,785.
100,785.
19,881.
19,881.
31,338.32,158.31,748.31,748.
11,457.23,734.32,889.
31,338.43,615.55,482.64,637.
19,881.19,881.22,593.38,430.
16-6350753 THE PETER AND ELIZABETH C TOWER FOUNDATION
** ANNUALIZED INCOME INSTALLMENT METHOD USING STANDARD OPTION
662,698.
2369
3,976,188.3,976,188.4,156,984.5,039,237.
17
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}}
THE PETER AND ELIZABETH C TOWER FOUNDATI 16-6350753
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
STATEMENT 1 FORM 990-PF INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
(A) (B) (C)
REVENUE NET INVESTMENT ADJUSTED
SOURCE PER BOOKS INCOME NET INCOME
}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}}
INTEREST ON SAVINGS AND MONEY
MARKET FUNDS26,420.26,420.
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
TOTAL TO PART I, LINE 326,420.26,420.
~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
STATEMENT 2 FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
CAPITAL (A) (B) (C)
GROSS GAINS REVENUE NET INVEST- ADJUSTED
SOURCE AMOUNT DIVIDENDS PER BOOKS MENT INCOME NET INCOME
}}}}}} }}}}}}}}}}} }}}}}}}}}}} }}}}}}}}}}} }}}}}}}}}}} }}}}}}}}}}}
ACCRUED INTEREST
PAID<73,081.>0.<73,081.><73,081.>
DIVIDEND &
INTEREST FROM
SECURITIES3,508,693.132,254.3,376,439.3,376,439.
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
TO PART I, LINE 43,435,612.132,254.3,303,358.3,303,358.
~~~~~~~~~~~ ~~~~~~~~~~~ ~~~~~~~~~~~ ~~~~~~~~~~~ ~~~~~~~~~~~
STATEMENT(S) 1, 2
18
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}}
THE PETER AND ELIZABETH C TOWER FOUNDATI 16-6350753
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
STATEMENT 3 FORM 990-PF GAIN OR (LOSS) FROM SALE OF ASSETS
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
(A) MANNER DATE
DESCRIPTION OF PROPERTY ACQUIRED ACQUIRED DATE SOLD
}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}} }}}}}}}} }}}}}}}}}
PUBLICLY TRADED SECURITIES
(B) (C) (D) (E) (F)
GROSS EXPENSE OF COST OR
SALES PRICE SALE DEPREC. GAIN OR LOSS OTHER BASIS
}}}}}}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}} }}}}}}}}}}}}}}}
43,688,506.40,693,651.0.0.2,994,855.
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
(A) MANNER DATE
DESCRIPTION OF PROPERTY ACQUIRED ACQUIRED DATE SOLD
}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}} }}}}}}}} }}}}}}}}}
FSP 1441 MAIN STREET CORP
(B) (C) (D) (E) (F)
GROSS EXPENSE OF COST OR
SALES PRICE SALE DEPREC. GAIN OR LOSS OTHER BASIS
}}}}}}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}} }}}}}}}}}}}}}}}
0.165.0.0.<165.>
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
(A) MANNER DATE
DESCRIPTION OF PROPERTY ACQUIRED ACQUIRED DATE SOLD
}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}} }}}}}}}} }}}}}}}}}
APPLE IPADSPURCHASEDVARIOUS12/31/19
(B) (C) (D) (E) (F)
GROSS EXPENSE OF COST OR
SALES PRICE SALE DEPREC. GAIN OR LOSS OTHER BASIS
}}}}}}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}} }}}}}}}}}}}}}}}
0.75.0.0.<75.>
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
NET GAIN OR LOSS FROM SALE OF ASSETS 2,994,615.
}}}}}}}}}}}}}}}
CAPITAL GAINS DIVIDENDS FROM PART IV132,254.
}}}}}}}}}}}}}}}
TOTAL TO FORM 990-PF, PART I, LINE 6A3,126,869.
~~~~~~~~~~~~~~~
STATEMENT(S) 3
19
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}}
THE PETER AND ELIZABETH C TOWER FOUNDATI 16-6350753
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
STATEMENT 4 FORM 990-PF OTHER INCOME
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
(A) (B) (C)
REVENUE NET INVEST- ADJUSTED
DESCRIPTION PER BOOKS MENT INCOME NET INCOME
}}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}}
K-1 ANDEAVOR LOGISTICS1,551.1,551.
REFUND OF PRIOR YEAR CONTRIBUTIONS38,926.0.
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
TOTAL TO FORM 990-PF, PART I, LINE 1140,477.1,551.
~~~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
STATEMENT 5 FORM 990-PF LEGAL FEES
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
(A) (B) (C) (D)
EXPENSES NET INVEST- ADJUSTED CHARITABLE
DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES
}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}
LEGAL FEES17,488.5,829. 11,659.
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
TO FM 990-PF, PG 1, LN 16A17,488.5,829. 11,659.
~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
STATEMENT 6 FORM 990-PF ACCOUNTING FEES
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
(A) (B) (C) (D)
EXPENSES NET INVEST- ADJUSTED CHARITABLE
DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES
}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}
ACCOUNTING FEES47,314.23,657. 23,657.
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
TO FORM 990-PF, PG 1, LN 16B47,314.23,657. 23,657.
~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~
STATEMENT(S) 4, 5, 6
20
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}}
THE PETER AND ELIZABETH C TOWER FOUNDATI 16-6350753
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
STATEMENT 7 FORM 990-PF OTHER PROFESSIONAL FEES
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
(A) (B) (C) (D)
EXPENSES NET INVEST- ADJUSTED CHARITABLE
DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES
}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}
3RD PARTY INVESTMENT
MANAGER FEES132,237.132,237.0.
INVESTMENT MANAGMENT FEES146,561.146,561.0.
INVESTMENT ADVISORY,
CUSTODIAN & REPORTING FEES281,088.281,088.0.
INVESTMENT EXPENSE19,591.19,591.0.
CONSULTING FEES - ECLC370,296.0.370,296.
CONSULTING FEES - GETSET -
MA26,115.0.26,115.
CONSULTING FEES - CAPACITY
BUILDING INITIATIVES31,221.0.31,221.
CONSULTING FEES - OTHER102,367.0.102,367.
CONSULTING FEES - PEDALS4,828.0.4,828.
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
TO FORM 990-PF, PG 1, LN 16C1,114,304.579,477.534,827.
~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
STATEMENT 8 FORM 990-PF TAXES
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
(A) (B) (C) (D)
EXPENSES NET INVEST- ADJUSTED CHARITABLE
DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES
}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}
PAYROLL TAXES48,378.0. 48,378.
FOREIGN TAXES37,092.37,092. 0.
FEDERAL EXCISE TAX100,000.0. 0.
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
TO FORM 990-PF, PG 1, LN 18185,470.37,092. 48,378.
~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~
STATEMENT(S) 7, 8
21
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}}
THE PETER AND ELIZABETH C TOWER FOUNDATI 16-6350753
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
STATEMENT 9 FORM 990-PF OTHER EXPENSES
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
(A) (B) (C) (D)
EXPENSES NET INVEST- ADJUSTED CHARITABLE
DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES
}}}}}}}}}}} }}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}
NYS FILING FEE1,500.0.1,500.
TRUSTEES MEETINGS49,209.0.49,209.
INSURANCE4,991.0.4,991.
ASSOCIATION DUES17,715.0.17,715.
TELEPHONE/INTERNET11,219.0.11,219.
POSTAGE332.0.332.
PAYROLL SERVICES2,176.0.2,176.
OFFICE EXPENSE33,665.0.33,665.
WORKSHOPS1,344.0.1,344.
PUBLICITY684.0.684.
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
TO FORM 990-PF, PG 1, LN 23122,835.0.122,835.
~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
STATEMENT 10 FORM 990-PF U.S. AND STATE/CITY GOVERNMENT OBLIGATIONS
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
U.S. OTHER FAIR MARKET
DESCRIPTION GOV'T GOV'T BOOK VALUE VALUE
}}}}}}}}}}} }}}}} }}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}}
GOVERNMENT OBLIGATIONS SEE
ATTACHMENT C
X
1,519,763.1,645,718.
GOVERNMENT OBLIGATIONS SEE
ATTACHMENT A
X
2,201,852.2,208,673.
GOVERNMENT OBLIGATIONS SEE
ATTACHMENT D
X
1,077,019.1,093,644.
}}}}}}}}}}}}}} }}}}}}}}}}}}}}
TOTAL U.S. GOVERNMENT OBLIGATIONS4,798,634.4,948,035.
}}}}}}}}}}}}}} }}}}}}}}}}}}}}
TOTAL STATE AND MUNICIPAL GOVERNMENT OBLIGATIONS
}}}}}}}}}}}}}} }}}}}}}}}}}}}}
TOTAL TO FORM 990-PF, PART II, LINE 10A4,798,634.4,948,035.
~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~
STATEMENT(S) 9, 10
22
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}}
THE PETER AND ELIZABETH C TOWER FOUNDATI 16-6350753
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
STATEMENT 11 FORM 990-PF CORPORATE STOCK
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
FAIR MARKET
DESCRIPTION BOOK VALUE VALUE
}}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}}
24,700 SH M&T BK CORP2,157,792.4,192,825.
31 SH EPIX MEDICAL INC CONV B/E150.0.
17 SH BERKSHIRE HATHAWAY INC CL A3,867,797.5,773,030.
CORPORATE STOCK SEE ATTACHMENT F7,693,328.8,310,093.
CORPORATE STOCK SEE ATTACHMENT G14,187,799.16,614,713.
}}}}}}}}}}}}}}}}}}}}}}}}}}}}
TOTAL TO FORM 990-PF, PART II, LINE 10B27,906,866.34,890,661.
~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
STATEMENT 12 FORM 990-PF CORPORATE BONDS
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
FAIR MARKET
DESCRIPTION BOOK VALUE VALUE
}}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}}
CORPORATE BONDS SEE ATTACHMENT A3,785,471.3,916,260.
CORPORATE BONDS SEE ATTACHMENT D1,456,925.1,536,700.
}}}}}}}}}}}}}}}}}}}}}}}}}}}}
TOTAL TO FORM 990-PF, PART II, LINE 10C5,242,396.5,452,960.
~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
STATEMENT 13 FORM 990-PF OTHER INVESTMENTS
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
VALUATION FAIR MARKET
DESCRIPTION METHOD BOOK VALUE VALUE
}}}}}}}}}}} }}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}}
CLOSED END & EXCHANGE TRADED FUNDS
SEE ATTACHMENT B
COST
50,400,381.71,544,960.
MUTUAL FUNDS SEE ATTACHMENT CCOST3,217,444.3,186,909.
ASSET BACKED SECURITIES SEE
ATTACHMENT C
COST
1,613,552.1,640,599.
SATELLITE PLACE REIT INVESTMENTCOST244,250.244,250.
ASSET BACKED SECURITIES SEE
ATTACHMENT A
COST
3,902,834.3,927,588.
MUTUAL FUNDS SEE ATTACHMENT BCOST8,334,035.8,412,694.
ASSET BACKED SECURITIES SEE
ATTACHMENT D
COST
1,789,744.1,807,170.
MUTUAL FUNDS SEE ATTACHMENT ECOST661,989.610,510.
CLOSED END & EXCHANGE TRADED FUNDS
SEE ATTACHMENT E
COST
4,870,613.6,593,910.
382,831.673 SH BLACKSTONE REIT
INVESTMENT
COST
4,351,706.4,388,400.
}}}}}}}}}}}}}}}}}}}}}}}}}}}}
TOTAL TO FORM 990-PF, PART II, LINE 1379,386,548.102,356,990.
~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~
STATEMENT(S) 11, 12, 13
23
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}}
THE PETER AND ELIZABETH C TOWER FOUNDATI 16-6350753
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
STATEMENT 14 FORM 990-PF DEPRECIATION OF ASSETS NOT HELD FOR INVESTMENT
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
COST OR ACCUMULATED
DESCRIPTION OTHER BASIS DEPRECIATION BOOK VALUE
}}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}}
FURNITURE293.293.0.
FURNITURE2,864.2,864.0.
FURNITURE2,885.2,885.0.
FURNITURE2,356.2,356.0.
OFFICE FURNITURE1,079.1,079.0.
PAPER SHREDDER700.700.0.
GALLERY SHOP ARTWORK602.602.0.
FURNITURE-ETHAN ALLEN208.208.0.
REFRIGERATOR392.392.0.
OFFICE FURNITURE500.500.0.
ART (EXEC DIRECTOR'S OFFICE)449.449.0.
ART (EXEC DIRECTOR'S OFFICE)942.942.0.
CABINET649.649.0.
5 CHAIRS-GUEST, BURGANDY1,175.1,175.0.
DESK (PROGRAM OFFICER)1,110.1,110.0.
GLASS FOR TABLE TOP
(CONFERENCE)143.143.0.
PROJECTOR1,950.1,950.0.
ESPRESSO TABLE (CONFERENCE)970.970.0.
TABLE/SOFA (RECEPTION)519.519.0.
TABLE/SOFA (CONFERENCE)569.569.0.
OFFICE FURNITURE41,387.41,387.0.
TELEPHONE/COMPUTER EQUIPMENT21,313.21,313.0.
ADJUSTABLE HEIGHT CART
W/CABINET313.313.0.
AERON OFFICE CHAIRS4,215.4,215.0.
STATEMENT(S) 14
24
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
GLASS TOPS FOR TABLES279.279.0.
LATERAL FILE260.260.0.
48" HUTCH (PROGRAM OFFICER)363.363.0.
66" HUTCH (ADMIN MANAGER
OFFICE)533.533.0.
KEYLESS ENTRY SYSTEM1,463.1,463.0.
ART PRINTS5,467.5,467.0.
OFFICE CHAIR (MILLINGTON
LOCKWOOD)863.863.0.
COMPUTER MONITOR (DELL)179.179.0.
HUTCH (MILLINGTON LOCKWOOD)385.385.0.
DOOR SOUNDPROOFING1,150.317.833.
SOUNDPROOFING10,954.2,974.7,980.
KITCHEN EQUIPMENT140.140.0.
LASER PRINER (DELL 2330)219.219.0.
CHAIRS (QTY 30)600.600.0.
APPLE IMACS (QTY 6)8,544.8,544.0.
2007 TOYOTA AVALON5,000.5,000.0.
MACBOOK PRO2,145.2,145.0.
SAMSUNG TV2,700.2,700.0.
SOUND BAR530.530.0.
APPLE IPAD508.508.0.
APPLE IMAC2,067.2,067.0.
WINDOW4,400.3,118.1,282.
FURNITURE25,712.23,607.2,105.
XEROX COPIER W7220L6,260.6,260.0.
APPLE IPAD714.714.0.
IPADS2,856.2,774.82.
BENQ HD PROJECTOR786.763.23.
IPAD AIR714.693.21.
PANASONIC CAMCORDER649.630.19.
FURNITURE8,068.7,168.900.
IPAD AIR518.503.15.
TELEPHONE SYSTEM1,541.1,370.171.
ARTWORK2,300.1,941.359.
STANDING DESK750.685.65.
SLING STUDIO HUB999.856.143.
STANDING DESK710.608.102.
MACBOOK PRO2,725.2,725.0.
IPAD PRO783.783.0.
IPAD PRO783.783.0.
21.5 INCH IMAC MTM (2020)1,503.1,503.0.
MACBOOK1,409.1,409.0.
21.5 INCH IMAC DMP (2019)1,597.1,597.0.
27 INCH IMAC CEC (2019)1,879.1,879.0.
APPLE PENCIL (2ND GEN)121.121.0.
IPAD PRO MTM (2019)930.930.0.
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
TOTAL TO FM 990-PF, PART II, LN 14200,639.186,539.14,100.
~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~
THE PETER AND ELIZABETH C TOWER FOUNDATI 16-6350753
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}}
STATEMENT(S) 14
25
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}}
THE PETER AND ELIZABETH C TOWER FOUNDATI 16-6350753
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
STATEMENT 15 FORM 990-PF OTHER LIABILITIES
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
DESCRIPTION BOY AMOUNT EOY AMOUNT
}}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}}
FSA LIABILITY3,760.4,215.
OTHER PAYABLES6,954.10,468.
}}}}}}}}}}}}}}}}}}}}}}}}}}}}
TOTAL TO FORM 990-PF, PART II, LINE 2210,714.14,683.
~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
STATEMENT 16 FORM 990-PF OTHER ASSETS
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
BEGINNING OF END OF YEAR FAIR MARKET
DESCRIPTION YR BOOK VALUE BOOK VALUE VALUE
}}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}}
ACCRUED INTEREST PAID12,728.5,876.5,876.
INTEREST, DIVIDENDS & SALES
PROCEEDS RECEIVABLE83,474.131,202.131,202.
FSA DEPOSIT417.417.417.
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
TO FORM 990-PF, PART II, LINE 1596,619.137,495.137,495.
~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~
STATEMENT(S) 15, 16
26
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}}
THE PETER AND ELIZABETH C TOWER FOUNDATI 16-6350753
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
STATEMENT 17 FORM 990-PF PART VIII - LIST OF OFFICERS, DIRECTORS
TRUSTEES AND FOUNDATION MANAGERS
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
EMPLOYEE
TITLE AND COMPEN- BEN PLAN EXPENSE
NAME AND ADDRESS AVRG HRS/WK SATION CONTRIB ACCOUNT
}}}}}}}}}}}}}}}} }}}}}}}}}}}}} }}}}}}}}}}} }}}}}}}} }}}}}}}}
MOLLIE TOWER BYRNESTRUSTEE
2351 NORTH FOREST ROAD, SUITE 1062.000.0.0.
GETZVILLE, NY 14068
CYNTHIA T. DOYLETRUSTEE
2351 NORTH FOREST ROAD, SUITE 1062.000.0.0.
GETZVILLE, NY 14068
ROBERT M. DOYLETRUSTEE
2351 NORTH FOREST ROAD, SUITE 1062.000.0.0.
GETZVILLE, NY 14068
JOHN H. BYRNESTRUSTEE
2351 NORTH FOREST ROAD, SUITE 1062.000.0.0.
GETZVILLE, NY 14068
TRACY SAWICKIEXECUTIVE DIRECTOR
2351 NORTH FOREST ROAD, SUITE 10640.00178,052.18,584.2,440.
GETZVILLE, NY 14068
JOHN N. BLAIRATTORNEY TRUSTEE
2351 NORTH FOREST ROAD, SUITE 10620.00187,742.0.0.
GETZVILLE, NY 14068
DONNA OWENSTRUSTEE
2351 NORTH FOREST ROAD, SUITE 1062.0012,500.0.0.
GETZVILLE, NY 14068
DALE B. DEMYANICKTRUSTEE
2351 NORTH FOREST ROAD, SUITE 1062.0014,000.0.0.
GETZVILLE, NY 14068
DAVID M. WELBOURNTRUSTEE
2351 NORTH FOREST ROAD, SUITE 1062.0014,000.0.0.
GETZVILLE, NY 14068
JAMES H. WEISSTRUSTEE
2351 NORTH FOREST ROAD, SUITE 1062.0014,000.0.0.
GETZVILLE, NY 14068
STATEMENT(S) 17
27
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
}}}}}}}}}}} }}}}}}}} }}}}}}}}
TOTALS INCLUDED ON 990-PF, PAGE 6, PART VIII420,294.18,584.2,440.
~~~~~~~~~~~ ~~~~~~~~ ~~~~~~~~
THE PETER AND ELIZABETH C TOWER FOUNDATI 16-6350753
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}}
STATEMENT(S) 17
28
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}}
THE PETER AND ELIZABETH C TOWER FOUNDATI 16-6350753
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
STATEMENT 18 FORM 990-PF GRANT APPLICATION SUBMISSION INFORMATION
PART XV, LINES 2A THROUGH 2D
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
NAME AND ADDRESS OF PERSON TO WHOM APPLICATIONS SHOULD BE SUBMITTED
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
TRACY A. SAWICKI
2351 NORTH FOREST ROAD, SUITE #106
GETZVILLE, NY 14068-1225
TELEPHONE NUMBER
}}}}}}}}}}}}}}}}
(716)689-0370
FORM AND CONTENT OF APPLICATIONS
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
SUBMIT LETTER OF INQUIRY REGARDING PROGRAM/PROJECT THAT QUALIFIES, PER
GRANT GUIDELINES ON WEBSITE. IF PROPOSAL IS SELECTED FOR CONSIDERATION, A
FULL GRANT APPLICATION MUST BE COMPLETED. GRANT APPLICATIONS ARE BY REQUEST
ONLY AND MUST BE SUBMITTED DIRECTLY TO THE FOUNDATION. THE FOUNDATION
ACCEPTS APPLICATIONS OVER ITS WEBSITE.
ANY SUBMISSION DEADLINES
}}}}}}}}}}}}}}}}}}}}}}}}
SEE ATTACHMENT H
RESTRICTIONS AND LIMITATIONS ON AWARDS
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
FOUR DISTINCT FUNDING CATEGORIES: LEARNING DISABILITIES, INTELLECTUAL
DISABILITIES, MENTAL HEALTH AND SUBSTANCE USE DISORDER. EACH CATEGORY HAS
ITS OWN OBJECTIVE, TARGET POPULATION, AND FUNDING PRIORITIES. AWARDS MAY
NOT BE USED FOR THE PRIVATE BENEFIT OF ANY GRANT RECIPIENT, ATTEMPT TO
INFLUENCE LEGISLATION, OR ATTEMPT TO INFLUENCE OR INTERVENE IN ANY
POLITICAL CAMPAIGN. THE FOUNDATION RELEASED FUNDING RESTRICTIONS IN 2020
TO RESPOND TO NEEDS CAUSED BY THE COVID 19 PANDEMIC.
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
STATEMENT(S) 18
29
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
OMB No. 1545-0172
Form
Attachment
Sequence No.
Department of the Treasury
Internal Revenue Service
(99)
Name(s) shown on returnBusiness or activity to which this form relatesIdentifying number
Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing separately, see instructions
(a) Description of property(b) Cost (business use only)(c) Elected cost
If you are electing to group any assets placed in service during the tax year into one or more general asset accounts, check here
(c) Basis for depreciation
(business/investment use
only - see instructions)
(b) Month and
year placed
in service
(d) Recovery
period
(a) Classification of property(e) Convention(f) Method(g) Depreciation deduction
916251 12-12-19
Election To Expense Certain Property Under Section 179 Note:
| Attach to your tax return.
179
| Go to www.irs.gov/Form4562 for instructions and the latest information.
1
2
3
4
5
1
2
3
4
5
6
7
8
9
10
11
12
13
smaller
7
8
9
10
11
12
13
Note:
Special Depreciation Allowance and Other Depreciation (Don't )
14
15
16
14
15
16
MACRS Depreciation (Don't
Section A
17
17
18
Section B - Assets Placed in Service During 2019 Tax Year Using the General Depreciation System
19a
b
c
d
e
f
g
h
i
Section C - Assets Placed in Service During 2019 Tax Year Using the Alternative Depreciation System
20a
b
c
d
Summary
2121
22
23
Total.
22
23
4562
For Paperwork Reduction Act Notice, see separate instructions.
If you have any listed property, complete Part V before you complete Part I.
Maximum amount (see instructions)
Total cost of section 179 property placed in service (see instructions)
Threshold cost of section 179 property before reduction in limitation
Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0-
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~
Listed property. Enter the amount from line 29
Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7
Tentative deduction. Enter the of line 5 or line 8
~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Carryover of disallowed deduction from line 13 of your 2018 Form 4562
Business income limitation. Enter the smaller of business income (not less than zero) or line 5
Section 179 expense deduction. Add lines 9 and 10, but don't enter more than line 11
Carryover of disallowed deduction to 2020. Add lines 9 and 10, less line 12
~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~
Don't use Part II or Part III below for listed property. Instead, use Part V.
include listed property.
Special depreciation allowance for qualified property (other than listed property) placed in service during
the tax year
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Property subject to section 168(f)(1) election
Other depreciation (including ACRS)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
include listed property. See instructions.)
MACRS deductions for assets placed in service in tax years beginning before 2019~~~~~~~~~~~~~~
3-year property
5-year property
7-year property
10-year property
15-year property
20-year property
25-year property25 yrs.S/L
S/L
S/L
S/L
S/L
27.5 yrs.
27.5 yrs.
MM
MM
MM
MM
/
/
/
/
Residential rental property
39 yrs.
Nonresidential real property
Class life
12-year
30-year
40-year
S/L
S/L
S/L
S/L
12 yrs.
30 yrs.
40 yrs.
MM
MM
/
/
(See instructions.)
Listed property. Enter amount from line 28~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21.
Enter here and on the appropriate lines of your return. Partnerships and S corporations - see instr.
For assets shown above and placed in service during the current year, enter the
portion of the basis attributable to section 263A costs
Form (2019)
LHA
(Including Information on Listed Property)
Part I
Part II
Part III
Part IV
Depreciation and Amortization
4562
2019
J
9
FORM 990-PF PAGE 1
2,625.
310.
10,374.
1,020,000.
THE PETER AND ELIZABETH C TOWER
FOUNDATION
990-PF
16-6350753
7,439.
2,550,000.
30
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
Date amortization
begins
Amortization
period or percentage
Basis for depreciation
(business/investment
use only)
Description of costsAmortizable
amount
Code
section
Amortization
for this year
916252 12-12-19
don't
2
Listed Property
Note: only
Section A - Depreciation and Other Information (Caution:
24aYesNo24bYesNo
25
(b)(c)
(i)
(e)
(f)(g)
(h)
(a)(d)
25
26
27
28
28
29
29
Section B - Information on Use of Vehicles
(a)(b)(c)(d)(e)(f)
30
31
32
33
34
35
36
YesNoYesNoYesNoYesNoYesNoYesNo
Section C - Questions for Employers Who Provide Vehicles for Use by Their Employees
aren't
37
38
39
40
41
YesNo
Note:
Amortization
(a)(b)(c)(d)(e)(f)
42
43
44
43
44Total.
4562
Do you have evidence to support the business/investment use claimed?
Date
placed in
service
Business/
investment
use percentage
Elected
section 179
cost
Recovery
period
Depreciation
deduction
Type of property
(list vehicles first)
Method/
Convention
Cost or
other basis
Total business/investment miles driven during the
year ( include commuting miles)
VehicleVehicleVehicleVehicleVehicleVehicle
Form (2019)
Form 4562 (2019)Page
(Include automobiles, certain other vehicles, certain aircraft, and property used for
entertainment, recreation, or amusement.)
For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete 24a,
24b, columns (a) through (c) of Section A, all of Section B, and Section C if applicable.
See the instructions for limits for passenger automobiles.)
If "Yes," is the evidence written?
Special depreciation allowance for qualified listed property placed in service during the tax year and
used more than 50% in a qualified business use
Property used more than 50% in a qualified business use:
%
%
%
Property used 50% or less in a qualified business use:
%
%
S/L -
S/L -
S/L - %
Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1~~~~~~~~~~~~
Add amounts in column (i), line 26. Enter here and on line 7, page 1
Complete this section for vehicles used by a sole proprietor, partner, or other "more than 5% owner," or related person. If you provided vehicles
to your employees, first answer the questions in Section C to see if you meet an exception to completing this section for those vehicles.
~~~~~~~
Total commuting miles driven during the year~
Total other personal (noncommuting) miles
driven~~~~~~~~~~~~~~~~~~~~~
Total miles driven during the year.
Add lines 30 through 32~~~~~~~~~~~~
Was the vehicle available for personal use
during off-duty hours?~~~~~~~~~~~~
Was the vehicle used primarily by a more
than 5% owner or related person?~~~~~~
Is another vehicle available for personal
use?
Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who
more than 5% owners or related persons.
Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by your
employees?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your
employees? See the instructions for vehicles used by corporate officers, directors, or 1% or more owners~~~~~~~~~~~~
Do you treat all use of vehicles by employees as personal use?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Do you provide more than five vehicles to your employees, obtain information from your employees about
the use of the vehicles, and retain the information received?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Do you meet the requirements concerning qualified automobile demonstration use?~~~~~~~~~~~~~~~~~~~~~~~
If your answer to 37, 38, 39, 40, or 41 is "Yes," don't complete Section B for the covered vehicles.
Amortization of costs that begins during your 2019 tax year:
Amortization of costs that began before your 2019 tax year~~~~~~~~~~~~~~~~~~~~~~~~~~
Add amounts in column (f). See the instructions for where to report
Part V
Part VI
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XX
2007 TOYOTA
AVALON022007100.005,000.5,000.5.00200DB-HY
FOUNDATION16-6350753
THE PETER AND ELIZABETH C TOWER
31
17010512 783816 E0815701.0 2019.03042 THE PETER AND ELIZABETH C E0815701
