2021-11-15T17:51:52-08:00 2020-12-31 133274930 Bencivenga Ward & Company CPAs PC 420 Columbus Avenue Suite 304 Valhalla NY 10595 990PF 2020-01-01 136085929 WILLIAM S PALEY FOUNDATION INC co BENCIVENGA WARD & COMPANY CPAs PC WILL 9147695005 420 COLUMBUS AVENUE 304 VALHALLA NY 10595 PATRICK S GALLAGHER Executive Director 2021-11-15 true PATRICK S GALLAGHER 999009999 Leonard J Bencivenga CPA P00116788 9147695005 2 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z X 158739904 X X 9097 9097 1171536 1171536 1032187 1032187 454642 14462600 57303413 14462600 7796 7796 16683216 16683216 100262 50131 50131 52609 5261 33889 154800 15480 141121 1302384 1284103 30000 261415 52852 4070 80216 585691 577545 9011 2537377 1985372 268222 5242218 6237643 7779595 1985372 6505865 8903621 14697844 438482 836305 836305 3297004 4658704 4658704 191354 115111 191354 191354 6945 7041 7041 81921191 61765543 61765543 9072774 20889870 20889870 27149738 45391087 45391087 3466422 1553350 1927254 1913072 25000000 123928499 135652976 158739904 384430 371625 4470304 3474879 82026778 91547469 86881512 95393973 X 37046987 37046987 40259003 123928499 135652976 37046987 8903621 3692902 49643510 9384507 40259003 61209 A2 MILK CO LTD ISIN NZATME0002S8 SEDOL BWSRTS7 P 2019-01-01 2020-12-31 651759 486601 165158 165158 4147 ALCON INC P 2019-01-01 2020-12-31 265929 243696 22233 22233 2482 ALLEGION PLC P 2019-01-01 2020-12-31 278697 229807 48890 48890 602 ALPHABET INC-CL A P 2019-01-01 2020-12-31 807518 152592 654926 654926 3725 ALPHABET INC-CL C P 2019-01-01 2020-12-31 5276250 2766663 2509587 2509587 938 AMAZON.COM INC P 2019-01-01 2020-12-31 2528263 1045405 1482858 1482858 4160 ARISTA NETWORKS INC P 2019-01-01 2020-12-31 873780 837567 36213 36213 2593 ARTHUR J GALLAGHER & CO P 2019-01-01 2020-12-31 320929 241291 79638 79638 2301 BAXTER INTERNATIONAL INC P 2019-01-01 2020-12-31 182372 187622 -5250 -5250 5 BERKSHIRE HATHAWAY INC-CL A P 2019-01-01 2020-12-31 1488967 211809 1277158 1277158 10161 BERKSHIRE HATHAWAY INC-CL B P 2019-01-01 2020-12-31 2048251 382902 1665349 1665349 100035.074 BLCKRCK HI YLD BND PORT-K P 2019-01-01 2020-12-31 737529 736033 1496 1496 1458 BOOKING HOLDINGS INC P 2019-01-01 2020-12-31 2293217 2413086 -119869 -119869 3206 BRIGHT HORIZONS FAMILY SOLUT P 2019-01-01 2020-12-31 234112 485814 -251702 -251702 4765 BROWN-FORMAN CORP-CLASS B P 2019-01-01 2020-12-31 360634 251095 109539 109539 26987 CARMAX INC P 2019-01-01 2020-12-31 1946483 1559638 386845 386845 2775 CELANESE CORP P 2019-01-01 2020-12-31 362982 227099 135883 135883 2174 COLGATE-PALMOLIVE CO P 2019-01-01 2020-12-31 184604 142896 41708 41708 21527 COMCAST CORP-CLASS A P 2019-01-01 2020-12-31 858506 579638 278868 278868 1506 CONSTELLATION SOFTWARE INC ISIN CA21037X1006 SEDOL B15C4L6 P 2019-01-01 2020-12-31 1503365 614444 888921 888921 6059 COPART INC P 2019-01-01 2020-12-31 677377 322717 354660 354660 361 COSTCO WHOLESALE CORP P 2019-01-01 2020-12-31 130582 102645 27937 27937 2536 CREDIT ACCEPTANCE CORP P 2019-01-01 2020-12-31 933356 731068 202288 202288 2221 DIAGEO PLC-SPONSORED ADR P 2019-01-01 2020-12-31 346612 255670 90942 90942 2171 DOLLAR GENERAL CORP P 2019-01-01 2020-12-31 440884 231731 209153 209153 1442 EUROFINS SCIENTIFIC ISIN FR0000038259 SEDOL 5972643 P 2019-01-01 2020-12-31 768423 656394 112029 112029 934 FLEETCOR TECHNOLOGIES INC P 2019-01-01 2020-12-31 254123 132594 121529 121529 2900 HENRY SCHEIN INC P 2019-01-01 2020-12-31 193801 175441 18360 18360 Himalaya - 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CORP P 2019-01-01 2020-12-31 426496 365018 61478 61478 1528 STARBUCKS CORP P 2019-01-01 2020-12-31 156428 142524 13904 13904 6960 TAIWAN SEMICONDUCTOR-SP ADR P 2019-01-01 2020-12-31 410500 344649 65851 65851 275 THERMO FISHER SCIENTIFIC INC P 2019-01-01 2020-12-31 127647 119811 7836 7836 11464 UNILEVER N V -NY SHARES P 2019-01-01 2020-12-31 605551 355130 250421 250421 2216 UNITEDHEALTH GROUP INC P 2019-01-01 2020-12-31 612921 634146 -21225 -21225 20255 US BANCORP P 2019-01-01 2020-12-31 736458 897846 -161388 -161388 0 VANGUARD P 2019-01-01 2020-12-31 259 259 259 14552.809 VANGUARD TOT BD MKT IDX-ADM P 2019-01-01 2020-12-31 165135 165902 -767 -767 455 VANGUARD TOTAL BOND MARKET P 2019-01-01 2020-12-31 40498 40364 134 134 0 VANGUARD TOTAL INTL BOND ETF P 2019-01-01 2020-12-31 736 736 736 0 VANGUARD TTL INTL BND-ADM P 2019-01-01 2020-12-31 6660 6660 6660 8975 VISA INC-CLASS A SHARES P 2019-01-01 2020-12-31 1656208 601133 1055075 1055075 33287 VIVENDI SE ISIN FR0000127771 SEDOL 4834777 P 2019-01-01 2020-12-31 861563 904785 -43222 -43222 519 WALT DISNEY CO/THE P 2019-01-01 2020-12-31 60239 64075 -3836 -3836 2131 WASTE MANAGEMENT INC P 2019-01-01 2020-12-31 239196 246735 -7539 -7539 21389 WAYFAIR INC- CLASS A P 2019-01-01 2020-12-31 3435307 2322420 1112887 1112887 2050 ZOETIS INC P 2019-01-01 2020-12-31 330797 83954 246843 246843 14462600 204300 204300 204300 327292 327292 X 940 122052 122052 false false false false false false false true true NY true false false false false true N/A LEONARD J BENCIVENGA CPA 9147695005 420 COLUMBUS AVENUE SUITE 304 VALHALLA NY 105951382 false false false false true false false false false false false false false false false false true false false false false false false false PATRICK S GALLAGHER 420 COLUMBUS AVENUE SUITE 304 VALHALLA NY 10595 Executive Dir. 5.00 100262 HENRY A KISSINGER 420 COLUMBUS AVENUE SUITE 304 VALHALLA NY 10595 CHAIRMAN/DIR 1.00 0 WILLIAM C PALEY 420 COLUMBUS AVENUE SUITE 304 VALHALLA NY 10595 VICE PRES/DIR 1.00 0 DANIEL L MOSLEY 420 COLUMBUS AVENUE SUITE 304 VALHALLA NY 10595 TREAS&SEC/DIR 1.00 0 FAIZA J SAEED 420 COLUMBUS AVENUE SUITE 304 VALHALLA NY 10595 Director 1.00 0 JACQUELINE SCALISI 420 COLUMBUS AVENUE SUITE 304 VALHALLA NY 10595 Director 1.00 0 NONE RUANE CUNNIFF & CO 767 FIFTH AVENUE NEW YORK NY 10153 ADVISORY & CUSTODY 450755 BENCIVENGA WARD & COMPANY CPAS 420 COLUMBUS AVENUE SUITE 304 VALHALLA NY 10595 ACCOUNTING & TAX 118767 BROWN BROTHERS HARRIMAN 140 BROADWAY NEW YORK NY 10005 ADVISORY & CUSTODY 213632 115375418 538555 0 115913973 0 115913973 1738710 114175263 5708763 5708763 204300 204300 5504463 5504463 5504463 6505865 106033 6611898 6611898 5504463 1257659 1097330 2354989 6611898 0 5504463 1107435 3462424 0 3462424 1257659 1097330 1107435 X PATRICK S GALLAGHER 420 COLUMBUS AVENUE SUITE 304 VALHALLA NY 105951382 NO PARTICULAR FORM REQUIRED, BUT FULL FINANCIAL INFORMATION SHOULD BE DISCLOSED. NONE UNDER THE PROVISION OF THE FOUNDATION'S CHARTER, NO GRANTS MAY BE MADE TO INDIVIDUALS. THE GREENPARK FOUNDATION 420 COLUMBUS AVENUE SUITE 304 VALHALLA NY 10595 NONE POF PALEY PARK - PROGRAM SUPPORT 600000 THE JERUSALEM FOUNDATION 60 EAST 42ND STREET NEW YORK NY 10165 NONE PC PALEY ART CENTER 100000 THE MUSEUM OF MODERN ART 11 WEST 53RD STREET NEW YORK NY 10019 NONE PC GENERAL OPERATING SUPPORT 110000 THE PALEY CENTER FOR MEDIA 25 WEST 52ND STREET NEW YORK NY 10019 NONE PC GENERAL OPERATING SUPPORT 2539653 THE PALEY CENTER FOR MEDIA 25 WEST 52ND STREET NEW YORK NY 10019 NONE PC PALEY TELEVISON FESTIVAL 500000 THE PALEY CENTER FOR MEDIA 25 WEST 52ND STREET NEW YORK NY 10019 NONE PC GENERAL OPERATING SUPPORT 50000 NEW YORK PRESBYTERIAN HOSPTIAL 525 EAST 68TH STREET BOX 123 NEW YORK NY 10065 NONE PC GENERAL OPERATING SUPPORT 10000 NORTHWEST CENTER FOR THE ARTS 68 MAIN STREET TORRINGTON CT 06790 NONE PC GENERAL OPERATING SUPPORT 10000 GREENWICH LIBRARY 101 WEST PUTNAM AVENUE GREENWICH CT 06830 NONE PC GENERAL OPERATING SUPPORT 2500 BOYS GIRLS CLUB OF GREENWICH 4 HORSENECK LANE GREENWICH CT 06830 NONE PC GENERAL OPERATING SUPPORT 2500 COLUMBIA UNIVERSITY 475 RIVERSIDE DRIVE NEW YORK NY 10015 NONE PC DEPT OF OPHTHALMOLOGY 2000 FRIENDS OF VIRGIN ISLAND NATIONAL P PO BOX 811 ST JOHNS ST JOHNS VQ 00831 NONE PC GENERAL OPERATING SUPPORT 10000 WEST HILL POND ASSOCIATION 29 WHITE PINE LANE WEST HARTFORD CT 06107 NONE PC GENERAL OPERATING SUPPORT 2500 VOICES OF ASCENSION 12 WEST 11TH STREET NEW YORK NY 10011 NONE PC GENERAL OPERATING SUPPORT 10000 MADISON SQUARE BOYS GIRLS CLUB INC 733 THIRD AVENUE FLOOR 2 NEW YORK NY 10017 NONE PC GENERAL OPERATING SUPPORT 15000 CENTER FOR STRATEGIC INTERNATIONAL 1616 RHODE ISLAND AVENUE NW WASHINGTON DC 20036 NONE PC GENERAL OPERATING SUPPORT 15000 AMERICAN ACADEMY IN BERLIN 14 EAST 60TH STREET NEW YORK NY 10022 NONE PC GENERAL OPERATING SUPPORT 7500 THE ROCKFELLER UNIVERSITY 1230 YORK AVENUE BOX 164 NEW YORK NY 10065 NONE PC GENERAL OPERATING SUPPORT 12500 MICHAEL'S CAUSE PO Box 120323 Staten Island NY 10312 NONE PC General Operating Support 50000 WORLD CENTRAL KITCHEN 655 New York Ave NW 6th Floor Washington DC 20001 NONE PC General Operating Support 100000 PORTSMOUTH ABBEY SCHOOL co Matt Wal 285 Corys Lane Portsmouth RI 02871 NONE PC General Operating Support 10000 TOMLINSON MIDDLE SCHOOL PTA 200 Unquowa Road Fairfield CT 06824 NONE PC General Operating Support 7500 GREENWICH ACADEMY 200 NORTH MAPLE AVENUE GREENWICH CT 06830 NONE PC General Operating Support 35000 THE ANIMAL MEDICAL CENTER 510 EAST 62ND STREET NEW YORK NY 10065 NONE PC General Operating Support 13000 WGA CADDIE SCHOLARSHIP FUND 49 KNOLLWOOD ROAD ELMSFORD NY 10523 NONE PC General Operating Support 1000 WEILL CORNELL MEDICINE 1300 York Avenue Box 314 New York NY 10065 NONE PC PHYLLIS AND HARVEY KLEIN MD SCHOLARSHIP FUND 5000 THE PALEY CENTER FOR MEDIA 25 WEST 52 STREET NEW YORK NY 10019 NONE PC INTERNATIONAL SUMMIT ENDOWMENT 2006990 AMERICAN CANCER SOCIETY PO BOX 22478 OKLAHOMA CITY OK 73123 NONE PC General Operating Support 10000 6237643 THE JERUSALEM FOUNDATION 60 EAST 42ND STREET NEW YORK NY 10165 NONE PC PALEY ART CENTER 100000 THE MUSEUM OF MODERN ART 11 WEST 53RD STREET NEW YORK NY 10019 NONE PC GENERAL OPERATING SUPPORT 110000 THE PALEY CENTER FOR MEDIA 25 WEST 52ND STREET NEW YORK NY 10019 NONE PC GENERAL PROGRAM 3239878 NY PRESBYTERIAN HOSPITAL 525 EAST 68TH STREET BOX 123 NEW YORK NY 10065 NONE PC GENERAL OPERATING SUPPORT 10000 VOICES OF ASCENSION 12 WEST 11TH STREET NEW YORK NY 10011 NONE PC GENERAL PROGRAM 10000 NEW HARTFORD LAND TRUST PO BOX 272 NEW HARTFORD CT 06057 NONE PC General Operating Support 5000 3474878 14 9097 14 1171536 16 454642 14 7796 18 14462600 16105671 16105671 false false false false false false false false false false AUDIT 39000 3900 0 36806 TAX & ACCOUNTING 115800 11580 0 104315 BUILIDING IMPROVEMENTS 2006-09-28 29650 12844 SL 30.0000 988 ELEVATOR IMPROVEMENTS 2012-10-01 355498 85912 SL 30.0000 11850 LOCAL LAW 11 IMPROVEMENTS 2012-07-01 96081 24022 SL 30.0000 3203 ELEVATOR IMPROVEMENTS 2013-10-01 30562 6369 SL 30.0000 1019 LOCAL LAW 11 IMPROVEMENTS 2013-07-01 802108 173089 SL 30.0000 26737 FRONT GLASS DOORS 2013-12-01 16425 14076 SL 7.0000 2151 LOCAL LAW 11 IMPROVEMENT 2014-03-01 119905 23316 SL 30.0000 3997 BACKFLOW DEVICE 2015-03-31 5508 874 SL 30.0000 184 STEAM TRAP 2015-03-31 6147 974 SL 30.0000 205 FRONT GLASS DOORS 2015-05-31 4513 2956 SL 7.0000 645 LOCAL LAW 11 IMPROVEMENTS 2016-10-01 20882 2262 SL 30.0000 696 LOCAL LAW 26 IMPROVEMENTS 2016-10-13 3500 380 SL 30.0000 117 LOCAL LAW 11 IMPROVEMENTS 2017-07-01 145866 12155 SL 30.0000 4862 LOCAL LAW 26 IMPROVEMENTS 2017-07-01 35553 2963 SL 30.0000 1185 LOCAL LAW 11 IMPROVEMENTS 2018-07-01 248165 12408 SL 30.0000 8272 AC COMPRESSOR 2018-07-01 6870 1472 SL 7.0000 981 STORAGE TANK 2020-01-01 40000 SL 7.0000 5714 ELEVATOR DOOR LOCK MONITORING 2020-01-01 5649 SL 7.0000 807 LOCAL LAW 26 IMPROVEMENTS 2020-07-01 66033 SL 5.0000 6603 General Explanation Supplemental Information for Form 990-PF STATEMENT 19FORM 990PF, PART II, LINE 22OTHER LIABILITIESFUNDS HELD FOR THE BENEFIT OF OTHERS -THE PALEY CENTER FOR MEDIA25 WEST 52ND STREETNEW YORK, NY 10019 $65,871,687THE GREENPARK FOUNDATION, INCC/O BENCIVENGA WARD & COMPANY, CPAS, PC420 COLUMBUS AVENUE, SUITE 304VALHALLA, NY 10595 $24,965,789TOTAL $90,837,475 General Explanation Supplemental Information for Form 990-PF STATEMENT 20FORM 990PF, PART VII-B, LINE 5CEXEMPTION FROM TAX ON TAXABLE EXPENDITURESDuring 2020, the Foundation made a grant of $600,000 to The Greenpark Foundation, Inc. (Greenpark, Federal ID# 13-6155738). Greenpark is a private operating foundation and has as its sole purpose the ownership, operation, and maintenance of a park open to the public. The officers and directors of Greenpark are also officers/directors of the Foundation. As such they are under common control.During 2020, Greenpark used the grant paid from the Foundation for the operation and maintenance of the park. In addition, Greenpark treated none of the grant as a qualifying distribution on its tax return for 2020 (Form 990PF), thereby allowing the grant of $600,000 to be treated as a qualifying distribution by the Foundation. Due to the common control of Greenpark and the foundation, the foundation has not formalized pre-grant and post-grant letters. It believes the Requirements of IRS Reg. 53.4945-5(d) are satisfied by the indicia of common control of the grantor and grantee. BLACKROCK HIGH YIELD 456127 456127 ISHARES 20 YEAR 697640 697640 ISHARES 7-10 YEAR JPM CORE PLUS 1572083 1572083 PGIM HIGH YIELD 604021 604021 PIMCO INCOME FUND PIMCO SHORT TERM FD VANGUARD TOTAL BOND 2108604 2108604 PIMCO FDS VANGUARD TOTAL INTERNATION 3457000 3457000 ISHARES JP MORGAN USD EMERGING 738463 738463 JPM HIGH YIELD FD - USD - R6 ISIN 456045 456045 JPM MTGE BACKED SEC FD - R6 720048 720048 SIX CIRCLES CREDIT OPPORT 733923 733923 SIX CIRCLES GLOBAL BOND 2174250 2174250 VANGUARD TOTAL BOND MARKET 214390 214390 VANGUARD TTL INTL BND-ADM 482276 482276 BARES MID/LARGE CAP SERIES 1600000 1600000 ALTAROCK PARTNERS SERIES 3275000 3275000 VALLEY FORGE LARGE CAP 1600000 1600000 BERKSHIRE HATHAWAY, INC 2891449 2891449 COMCAST CORP 493503 493503 DIAGEO PLC 563299 563299 NESTLE S A A/D/R 348099 348099 NOVARTIS A G A/D/R UNILEVER N V ROLLS ROYCE GROUP PLC 1138246 1138246 HISCOX LTD 433386 433386 VISA INC 1480365 1480365 JACOBS ENGINEERING GROUP INC 1545271 1545271 ALPHABET INC 3914358 3914358 CELANESE CORP 512613 512613 HENRY SCHEIN NC 478049 478049 ORACLE CORP 643342 643342 US BANCORP CARMAX 2165684 2165684 CONSTELLANTION SOFTWARE 1891646 1891646 FLEETCOR TECHNOLOGIES 638422 638422 LIBERTY MEDIA GROUP 1641543 1641543 MASTERCARD INC 1334956 1334956 CHARLES SCHWAB CORP 1779651 1779651 ZOETIS INC 862255 862255 CREDIT ACCEPTANCE CORP 1978882 1978882 A2 MILK CO LTD 1113569 1113569 ALLEGION PLC 475412 475412 BOOKING HOLDINGS 363045 363045 BROWN-FORMAN CORP 572055 572055 COPART INC 828652 828652 DOLLAR GENERAL 405248 405248 FACEBOOK 2194021 2194021 KLA-TENCOR CORP 430567 430567 LIBERTY BROADBAND 1732891 1732891 LINDE 1182633 1182633 MELROSE VIVENDI 1757980 1757980 EUROFINS SCIENTIFIC 1937239 1937239 NASPERS LTDD TAIWAN SEMICONDUCTOR 2575089 2575089 ALCON INC 689821 689821 PROSUS NV 1606990 1606990 ARISTA NETWORKS 1954955 1954955 ARTHUR J. GALLAGHER & CO 815744 815744 BRIGHT HORIZONS FAMILY SOL COLGATE-PALMOLIVE CO 470219 470219 COSTCO WAREHOUSE 346638 346638 SMITH A.O. 411424 411424 UNITEDHEALTH CORP 2290992 2290992 WAYFAIR INC 1456475 1456475 WASTE MANAGEMENT INC 323482 323482 AMAZON.COM INC 752351 752351 BAXTER INTERNATIONAL INC 472052 472052 FIDELITY NATIONAL INFO SERV 982298 982298 GRACO INC 203521 203521 INTERCONTINENTAL EXCHANGE IN 1430979 1430979 NETFLIX 1370751 1370751 NIKE INC - CL B 564324 564324 PERRIGO CO PLC 246854 246854 PROGRESSIVE CORP 497465 497465 STARBUCKS CORP 412622 412622 THERMO FISHER SCIENTIFIC INC 367035 367035 WALT DISNEY CO/THE 1795131 1795131 SELECT EQUITY PARTNERSHIP FMV 31541338 31541338 HIMALAYA CAPITAL FMV 13849749 13849749 Furniture and Fixtures 10798 10798 Machinery and Equipment 14640 14640 Buildings 379455 379455 14407218 Improvements 2720929 1138302 1582627 1582627 Land 330445 330445 9000000 Miscellaneous 10155 10155 10155 ADMINISTRATION 52609 5261 0 33889 NET CHANGE FOR GREENPARK ENDOWMENT 2791076 NET CHANGE FOR PALEY CENTER FOR MEDIA ENDOWMENT 6593431 FILING FEES 1500 GENERAL INSURANCE 2040 2040 PAYROLL PROCESSING FEES 600 600 Rental Expenses 577545 577545 SUPPLIES 4006 6371 Other Investment Income 7796 7796 SECURITY DEPOSITS 47972 47942 SEE STATEMENT #19 81452968 90837475 DEFERRED EXCISE TAX 508489 539852 EXCISE TAX 17349 122200 ADMINISTRATION 18281 0 0 30000 ADVISORY & CUSTODY FEES 1284103 1284103 0 0 EXCISE TAXES 204492 FOREIGN TAXES 48782 48782 PAYROLL TAXES 8141 4070 4070