TY 2017 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2019

Open to Public Inspection

For calendar year 2019, or tax year beginning 11-01-2017 , and ending 10-31-2018

Name of foundation
FRANKEL JULIUS N FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)111 WEST MONROE STREET TAX DIV 12W
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60603

A Employer identification number

36-6765844

B Telephone number (see instructions)

(312) 461-5154

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$71,810,788J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	1,515,289		1,515,289
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		5,604,347
b	Gross sales price for all assets on line 6a 32,963,679
7	Capital gain net income (from Part IV, line 2)...			5,604,347
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	7,119,636		7,119,636
13	Compensation of officers, directors, trustees, etc.	629,673		314,836		314,836
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		2,050	1,025	0	1,025
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		87,562	24,362		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		965			965
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	720,250		340,223	0	316,826
25	Contributions, gifts, grants paid.......	3,274,945				3,274,945
26	Total expenses and disbursements. Add lines 24 and 25	3,995,195		340,223	0	3,591,771
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	3,124,441
b	Net investment income (if negative, enter -0-)			6,779,413
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2019)

Form 990-PF (2019)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	160,533	1,023,592	1,023,592
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)		397,487	393,923
	b	Investments—corporate stock (attach schedule).......	48,596,104	51,353,590	58,900,777
	c	Investments—corporate bonds (attach schedule).......	11,341,860	10,927,906	10,520,771
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,502,282	1,019,459	971,725
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	557	605
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	61,601,336	64,722,639	71,810,788
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	61,601,336	64,722,639
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	61,601,336	64,722,639
	30	Total liabilities and net assets/fund balances (see instructions).	61,601,336	64,722,639

Part III

Analysis of Changes in Net Assets or Fund Balances

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

61,601,336

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

3,124,441

Other increases not included in line 2 (itemize) bullet

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

64,725,777

Decreases not included in line 2 (itemize) bullet

3,138

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

64,722,639

Form 990-PF (2019)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	50572.402 BLACKROCK STRATEGIC INCOME OPP FD-IN		2015-12-23	2017-11-03
b	1350. AMGEN INC COMMON STOCK		2015-02-20	2017-11-17
c	4525. CITRIX SYSTEMS INC COMMON STOCK		2015-02-20	2017-11-17
d	1070. FEDEX CORP COMMON STOCK		2016-08-18	2017-11-17
e	3300. JOHNSON & JOHNSON COMMON STOCK		2013-08-16	2017-11-17
	4295. PEPSICO INC		2016-02-18	2017-11-17
	100000. NUCOR CORP 5.750% 12/01/17		2013-01-24	2017-12-01
	300000. STATOILHYDRO ASA 5.250% 4/15/19		2013-08-20	2017-12-14
	50. ALLIANCE DATA SYSTEMS CORP COMMON STOCK		2017-10-20	2018-01-05
	430. ALLISON TRANSMISSION HOLDINGS INC		2017-05-18	2018-01-05
	20. AMGEN INC COMMON STOCK		2015-02-20	2018-01-05
	680. APPLIED MATERIALS INC COMMON STOCK		2016-11-17	2018-01-05
	150. BERRY GLOBAL GROUP INC		2017-02-16	2018-01-05
	1200. BOEING COMPANY COMMON STOCK		2015-11-19	2018-01-05
	440. CVS CORP		2014-12-18	2018-01-05
	10. CVS CORP		2017-08-18	2018-01-05
	10. CADENCE DESIGN SYSTEM INC COMMON STOCK		2017-09-22	2018-01-05
	400. CHEVRON TEXACO INC COMMON STOCK		2017-05-18	2018-01-05
	17893. CISCO SYSTEMS INC COMMON STOCK		2013-07-18	2018-01-05
	50. CITIGROUP INC		2016-01-21	2018-01-05
	440. COMCAST CORP-CL A		2013-07-18	2018-01-05
	500. CONOCOPHILLIPS		2017-05-18	2018-01-05
	60. CUMMINS ENGINE COMPANY INC COMMON STOCK		2017-07-20	2018-01-05
	110. FEDEX CORP COMMON STOCK		2016-08-18	2018-01-05
	100. F5 NETWORKS INC COMMON STOCK		2016-10-20	2018-01-05
	200. HOME DEPOT INC COMMON STOCK		2014-10-16	2018-01-05
	70. LAM RESEARCH CORPORATION COMMON STOCK		2017-02-21	2018-01-05
	610. LEAR CORP		2015-05-22	2018-01-05
	1210. LOWES COS INC - UN		2015-12-17	2018-01-05
	50. MICROSOFT CORP		2017-03-17	2018-01-05
	120. OWENS CORNING INC		2017-08-18	2018-01-05
	10. OWENS ILLINOIS INC NEW COMMON STOCK		2017-10-20	2018-01-05
	3190. PEPSICO INC		2016-02-18	2018-01-05
	720. SCHLUMBERGER LTD.		2017-11-17	2018-01-05
	580. STEEL DYNAMICS INC COMMON STOCK		2016-10-20	2018-01-05
	10. UNITED RENTALS INC COMMON STOCK		2016-02-18	2018-01-05
	190. UNUMPROVIDENT CORPORATION COMMON STOCK		2016-11-17	2018-01-05
	100. WAL-MART STORES INC		2017-06-22	2018-01-05
	560. WELLS FARGO & COMPANY NEW COMMON STOCK		2017-04-14	2018-01-05
	5490. BUNGE LIMITED		2017-10-20	2018-01-05
	2605. AMGEN INC COMMON STOCK		2015-02-20	2018-01-18
	11880. APPLIED MATERIALS INC COMMON STOCK		2016-11-17	2018-01-18
	1260. EQUINIX INC REIT		2018-01-05	2018-01-18
	200000. AT&T INC 5.500% 2/01/18		2013-08-20	2018-02-01
	100000. SYSCO CORP 5.250% 2/12/18		2013-01-24	2018-02-12
	2380. ABBVIE INC		2018-01-18	2018-02-20
	260. ALEXANDRIA REAL EST EQUITIES COMMON STOCK		2018-01-05	2018-02-20
	410. ALLSTATE CORP		2018-01-05	2018-02-20
	90. ALPHABET INC CL C		2016-10-20	2018-02-20
	2360. AMEREN CORP		2018-01-05	2018-02-20
	2060. AMERICAN ELECTRIC POWER INC COMMON STOCK		2017-08-18	2018-02-20
	330. APPLE COMPUTER INC COMMON STOCK		2013-07-18	2018-02-20
	120. APPLE COMPUTER INC COMMON STOCK		2018-01-05	2018-02-20
	590. BOEING COMPANY COMMON STOCK		2015-07-16	2018-02-20
	1570. CITIGROUP INC		2016-01-21	2018-02-20
	860. DISCOVER FINL SVCS		2013-07-18	2018-02-20
	90. DISCOVER FINL SVCS		2018-01-05	2018-02-20
	450. ESSEX PROPERTY TRUST INC COMMON STOCK		2018-01-05	2018-02-20
	340. F5 NETWORKS INC COMMON STOCK		2016-10-20	2018-02-20
	1720. FORTINET INC		2018-01-18	2018-02-20
	640. HUNTINGTON INGALLS INDUSTRIES		2013-12-20	2018-02-20
	130. HUNTINGTON INGALLS INDUSTRIES		2018-01-05	2018-02-20
	180. LAM RESEARCH CORPORATION COMMON STOCK		2017-02-21	2018-02-20
	200. LEAR CORP		2015-05-22	2018-02-20
	1225. MICROSOFT CORP		2017-03-17	2018-02-20
	245. MICROSOFT CORP		2014-09-18	2018-02-20
	780. PFIZER INC COMMON STOCK		2018-01-05	2018-02-20
	530. PORTLAND GENERAL ELECTRIC CO		2018-01-05	2018-02-20
	770. PROGRESSIVE CORPORATION OHIO COMMON STOCK		2018-01-05	2018-02-20
	1830. RED HAT INC COMMON STOCK		2017-11-17	2018-02-20
	530. S&P GLOBAL INC		2018-01-05	2018-02-20
	270. SMUCKER J M CO COMMON STOCK NEW		2018-01-05	2018-02-20
	480. STEEL DYNAMICS INC COMMON STOCK		2016-10-20	2018-02-20
	630. WYNDHAM DESTINATIONS INC		2016-03-17	2018-02-20
	20. WYNDHAM DESTINATIONS INC		2018-01-05	2018-02-20
	1460. ROYAL CARRIBEAN CRUISES LTD		2017-11-17	2018-02-20
	1955. CUMMINS ENGINE COMPANY INC COMMON STOCK		2017-07-20	2018-02-23
	2130. LEAR CORP		2015-05-22	2018-02-23
	24511. WELLS FARGO & COMPANY NEW COMMON STOCK		2013-07-18	2018-02-23
	3515. WELLS FARGO & COMPANY NEW COMMON STOCK		2017-04-14	2018-02-23
	5815. ALLSTATE CORP		2017-01-04	2018-03-22
	180. ALLSTATE CORP		2018-01-05	2018-03-22
	295. BOEING COMPANY COMMON STOCK		2015-07-16	2018-03-22
	3640. JOHNSON & JOHNSON COMMON STOCK		2013-08-16	2018-03-22
	40. JOHNSON & JOHNSON COMMON STOCK		2018-01-05	2018-03-22
	3275. LAM RESEARCH CORPORATION COMMON STOCK		2017-02-21	2018-03-22
	6730. PORTLAND GENERAL ELECTRIC CO		2017-01-20	2018-03-22
	130. PORTLAND GENERAL ELECTRIC CO		2018-01-05	2018-03-22
	6820. ALLSTATE CORP		2017-01-04	2018-04-19
	7115. CVS CORP		2017-10-20	2018-04-19
	880. CVS CORP		2014-02-20	2018-04-19
	26195. CADENCE DESIGN SYSTEM INC COMMON STOCK		2018-02-20	2018-04-19
	200000. DIAGEO CAPITAL PLC 1.125% 4/29/18		2013-08-20	2018-04-29
	250000. GEN ELEC CAP CRP 5.625% 5/01/18		2014-06-03	2018-05-01
	200000. GLAXOSMITHKLINE 5.650% 5/15/18		2013-08-20	2018-05-15
	6430. APPLIED MATERIALS INC COMMON STOCK		2016-09-23	2018-05-17
	540. CIGNA CORPORATION COMMON STOCK		2018-01-05	2018-05-17
	1625. CHEVRON TEXACO INC COMMON STOCK		2018-01-18	2018-05-17
	1840. SCHLUMBERGER LTD.		2018-01-18	2018-05-17
	7825. ROYAL CARRIBEAN CRUISES LTD		2018-01-05	2018-05-17
	8270. ALLISON TRANSMISSION HOLDINGS INC		2017-05-18	2018-05-22
	550. ALLISON TRANSMISSION HOLDINGS INC		2018-02-20	2018-05-22
	100000. CHEVRON CORP 1.718% 6/24/18		2013-07-17	2018-06-24
	5055. AMERICAN ELECTRIC POWER INC COMMON STOCK		2018-01-05	2018-06-26
	1695. AMERICAN ELECTRIC POWER INC COMMON STOCK		2017-04-21	2018-06-26
	10225. BERRY GLOBAL GROUP INC		2017-02-16	2018-06-26
	7010. CVS CORP		2014-02-20	2018-06-26
	1660. CVS CORP		2018-02-20	2018-06-26
	2930. DISCOVER FINL SVCS		2013-07-18	2018-06-26
	2775. RED HAT INC COMMON STOCK		2018-05-17	2018-06-26
	4895. WYNDHAM DESTINATIONS INC		2016-03-17	2018-06-26
	4895. WYNDHAM HOTELS & RESORTS INC		2016-03-17	2018-06-26
	9095. AMERICAN ELECTRIC POWER INC COMMON STOCK		2017-04-21	2018-07-19
	4745. LEAR CORP		2015-09-17	2018-07-19
	5840. SCHLUMBERGER LTD.		2018-02-20	2018-07-19
	820. BOEING COMPANY COMMON STOCK		2015-07-16	2018-08-23
	1535. EQUINIX INC REIT		2017-04-21	2018-08-23
	70. EQUINIX INC REIT		2018-02-20	2018-08-23
	16235. ON SEMICONDUCTOR CORP COMMON STOCK		2018-03-22	2018-08-23
	230. OWENS CORNING INC		2018-02-20	2018-08-23
	6660. OWENS CORNING INC		2017-08-18	2018-08-23
	3405. SCHLUMBERGER LTD.		2017-11-17	2018-08-23
	4410. SMUCKER J M CO COMMON STOCK NEW		2018-01-05	2018-08-23
	150000. JOHN DEERE CAP MTN 5.750% 9/10/18		2013-08-26	2018-09-10
	1910. BOEING COMPANY COMMON STOCK		2015-07-16	2018-09-21
	25090. FREEPORT-MCMORAN COPPER CO INC		2018-04-19	2018-09-21
	1220. HOME DEPOT INC COMMON STOCK		2014-10-16	2018-09-21
	19110. ON SEMICONDUCTOR CORP COMMON STOCK		2018-01-18	2018-09-21
	1420. RED HAT INC COMMON STOCK		2017-04-21	2018-09-21
	755. RED HAT INC COMMON STOCK		2018-01-05	2018-09-21
	200000. TIME WARNER INC 4.875% 3/15/20		2013-10-18	2018-09-27
	100. ALLIANCE DATA SYSTEMS CORP COMMON STOCK		2017-10-20	2018-10-19
	20. ALPHABET INC CL C		2016-08-18	2018-10-19
	10. AMAZON COM INC COMMON STOCK		2018-04-19	2018-10-19
	11290. AMEREN CORP		2017-03-17	2018-10-19
	480. AMERICAN EXPRESS COMPANY		2018-01-05	2018-10-19
	180. APPLE COMPUTER INC COMMON STOCK		2013-07-18	2018-10-19
	2474.165 WILLIAM BLAIR INTER S/C GR-I		2017-12-14	2018-10-19
	32496.325 WILLIAM BLAIR INTER S/C GR-I		2016-12-15	2018-10-19
	1445. BOEING COMPANY COMMON STOCK		2015-05-21	2018-10-19
	140. CIGNA CORPORATION COMMON STOCK		2017-11-17	2018-10-19
	120. CAPITAL ONE FINANCIAL CORP COMMON STOCK		2018-03-22	2018-10-19
	550. CELGENE CORPORATION COMMON STOCK		2017-03-17	2018-10-19
	580. CHEVRON TEXACO INC COMMON STOCK		2018-01-18	2018-10-19
	330. CITIGROUP INC		2016-01-21	2018-10-19
	680. COMCAST CORP-CL A		2018-02-20	2018-10-19
	2620. COMCAST CORP-CL A		2013-07-18	2018-10-19
	310. DISCOVER FINL SVCS		2013-07-18	2018-10-19
	660. FORTINET INC		2018-05-17	2018-10-19
	250. HCA HEALTHCARE INC		2018-08-23	2018-10-19
	350. HILL-ROM HOLDING		2017-02-21	2018-10-19
	40. HILL-ROM HOLDING		2018-01-05	2018-10-19
	530. INTEL CORPORATION COMMON STOCK		2018-06-26	2018-10-19
	1640. KROGER COMPANY		2018-08-23	2018-10-19
	350. LILLY ELI & COMPANY COMMON STOCK		2018-01-05	2018-10-19
	980. LILLY ELI & COMPANY COMMON STOCK		2017-09-22	2018-10-19
	180. LOWES COS INC - UN		2018-02-20	2018-10-19
	500. MICROSOFT CORP		2018-05-17	2018-10-19
	670. NETAPP INC		2018-09-21	2018-10-19
	250. PALO ALTO NETWORKS		2018-04-19	2018-10-19
	1560. PFIZER INC COMMON STOCK		2018-01-08	2018-10-19
	240. RED HAT INC COMMON STOCK		2017-04-21	2018-10-19
	3940. REGIONS FINANCIAL CORP		2018-02-23	2018-10-19
	170. S&P GLOBAL INC		2018-03-22	2018-10-19
	790. SOUTHWEST AIRLINES COMPANY COMMON STOCK		2018-03-22	2018-10-19
	10550. STEEL DYNAMICS INC COMMON STOCK		2016-10-20	2018-10-19
	800. SUNTRUST BANKS INC COMMON STOCK		2018-05-17	2018-10-19
	650. SYSCO CORPORATION		2018-04-19	2018-10-19
	20095.656 TEMPLETON INST FOREIGN SM CO		2016-12-22	2018-10-19
	1284.696 TEMPLETON INST FOREIGN SM CO		2018-10-05	2018-10-19
	1140. UNUMPROVIDENT CORPORATION COMMON STOCK		2016-11-17	2018-10-19
	250. VISA INC		2018-05-17	2018-10-19
	1090. WAL-MART STORES INC		2017-06-22	2018-10-19
	440. MYLAN NV		2018-09-21	2018-10-19
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	504,207	500,924	3,283
b	229,308	211,209	18,099
c	392,182	233,483	158,699
d	231,222	178,927	52,295
e	455,345	296,008	159,337
	493,023	429,997	63,026
	100,000	120,022	-20,022
	312,243	349,251	-37,008
	13,198	11,963	1,235
	19,002	15,836	3,166
	3,592	3,129	463
	37,135	20,888	16,247
	9,128	7,549	1,579
	364,897	178,193	186,704
	34,365	39,652	-5,287
	781	777	4
	440	387	53
	50,968	42,214	8,754
	707,231	465,377	241,854
	3,754	2,028	1,726
	17,851	9,805	8,046
	28,225	23,334	4,891
	10,839	9,877	962
	29,163	18,394	10,769
	13,624	11,910	1,714
	38,408	17,858	20,550
	13,735	8,206	5,529
	115,886	71,723	44,163
	114,020	90,848	23,172
	4,402	3,253	1,149
	11,280	8,086	3,194
	224	256	-32
	377,812	317,947	59,865
	52,666	44,708	7,958
	26,461	15,319	11,142
	1,697	489	1,208
	10,560	8,091	2,469
	9,990	7,576	2,414
	34,882	31,610	3,272
	382,892	391,005	-8,113
	487,176	407,556	79,620
	680,808	357,330	323,478
	550,977	527,327	23,650
	200,000	227,943	-27,943
	100,000	118,920	-18,920
	281,523	246,942	34,581
	31,653	32,001	-348
	38,377	41,523	-3,146
	99,863	70,708	29,155
	129,756	133,185	-3,429
	136,515	149,284	-12,769
	57,211	20,408	36,803
	20,804	20,989	-185
	209,503	87,511	121,992
	120,307	63,672	56,635
	68,642	43,536	25,106
	7,183	7,015	168
	101,910	106,430	-4,520
	48,991	40,494	8,497
	84,872	78,945	5,927
	170,930	55,218	115,712
	34,720	30,371	4,349
	35,031	21,102	13,929
	38,165	23,516	14,649
	113,827	79,693	34,134
	22,765	11,477	11,288
	28,104	28,421	-317
	21,174	23,308	-2,134
	43,605	38,867	4,738
	265,865	230,374	35,491
	99,702	83,421	16,281
	33,185	33,886	-701
	23,683	12,678	11,005
	76,451	49,830	26,621
	2,427	2,252	175
	193,073	180,989	12,084
	327,853	321,834	6,019
	401,776	250,442	151,334
	1,435,760	900,706	535,054
	205,895	198,410	7,485
	559,662	435,231	124,431
	17,324	18,230	-906
	96,348	43,756	52,592
	469,331	326,505	142,826
	5,157	5,641	-484
	715,859	383,941	331,918
	273,456	293,849	-20,393
	5,282	5,717	-435
	667,914	457,077	210,837
	466,141	546,794	-80,653
	57,653	62,795	-5,142
	976,192	917,712	58,480
	200,000	200,000
	250,000	264,088	-14,088
	200,000	231,144	-31,144
	348,580	192,461	156,119
	96,510	107,424	-10,914
	209,400	213,848	-4,448
	137,230	140,741	-3,511
	844,672	927,168	-82,496
	367,130	303,871	63,259
	24,416	21,569	2,847
	100,000	100,148	-148
	351,350	363,419	-12,069
	117,812	115,089	2,723
	475,411	476,076	-665
	491,602	449,100	42,502
	116,414	117,326	-912
	210,150	148,328	61,822
	386,482	393,920	-7,438
	223,540	167,756	55,784
	298,928	219,414	79,514
	641,802	617,543	24,259
	878,573	535,283	343,290
	390,760	396,400	-5,640
	283,729	121,626	162,103
	660,872	618,642	42,230
	30,137	27,887	2,250
	336,833	414,174	-77,341
	13,317	20,125	-6,808
	385,609	448,797	-63,188
	219,367	211,432	7,935
	459,359	553,467	-94,108
	150,000	174,203	-24,203
	711,046	282,323	428,723
	369,930	490,344	-120,414
	258,954	108,934	150,020
	368,447	441,091	-72,644
	191,772	124,176	67,596
	101,963	94,476	7,487
	205,663	219,906	-14,243
	21,912	23,925	-2,013
	21,948	15,605	6,343
	17,920	15,543	2,377
	743,070	557,378	185,692
	51,124	48,319	2,805
	39,581	11,131	28,450
	32,832	37,632	-4,800
	431,226	485,315	-54,089
	513,969	213,272	300,697
	29,954	27,761	2,193
	11,031	11,578	-547
	45,637	69,276	-23,639
	68,905	76,327	-7,422
	22,857	13,383	9,474
	24,659	26,940	-2,281
	95,010	58,386	36,624
	23,653	15,693	7,960
	54,955	38,318	16,637
	33,940	32,603	1,337
	30,717	22,742	7,975
	3,511	3,463	48
	23,671	26,348	-2,677
	44,993	52,507	-7,514
	39,493	30,169	9,324
	110,579	81,626	28,953
	17,994	17,274	720
	54,922	48,294	6,628
	52,755	58,041	-5,286
	49,442	47,947	1,495
	69,576	56,844	12,732
	29,331	20,987	8,344
	67,661	76,930	-9,269
	32,193	32,575	-382
	45,838	47,653	-1,815
	428,918	278,654	150,264
	50,631	55,143	-4,512
	46,040	39,870	6,170
	433,664	414,861	18,803
	27,724	30,731	-3,007
	43,120	48,547	-5,427
	35,210	32,564	2,646
	105,526	82,583	22,943
	14,394	17,208	-2,814
			235,548

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			3,283
b			18,099
c			158,699
d			52,295
e			159,337
			63,026
			-20,022
			-37,008
			1,235
			3,166
			463
			16,247
			1,579
			186,704
			-5,287
			4
			53
			8,754
			241,854
			1,726
			8,046
			4,891
			962
			10,769
			1,714
			20,550
			5,529
			44,163
			23,172
			1,149
			3,194
			-32
			59,865
			7,958
			11,142
			1,208
			2,469
			2,414
			3,272
			-8,113
			79,620
			323,478
			23,650
			-27,943
			-18,920
			34,581
			-348
			-3,146
			29,155
			-3,429
			-12,769
			36,803
			-185
			121,992
			56,635
			25,106
			168
			-4,520
			8,497
			5,927
			115,712
			4,349
			13,929
			14,649
			34,134
			11,288
			-317
			-2,134
			4,738
			35,491
			16,281
			-701
			11,005
			26,621
			175
			12,084
			6,019
			151,334
			535,054
			7,485
			124,431
			-906
			52,592
			142,826
			-484
			331,918
			-20,393
			-435
			210,837
			-80,653
			-5,142
			58,480

			-14,088
			-31,144
			156,119
			-10,914
			-4,448
			-3,511
			-82,496
			63,259
			2,847
			-148
			-12,069
			2,723
			-665
			42,502
			-912
			61,822
			-7,438
			55,784
			79,514
			24,259
			343,290
			-5,640
			162,103
			42,230
			2,250
			-77,341
			-6,808
			-63,188
			7,935
			-94,108
			-24,203
			428,723
			-120,414
			150,020
			-72,644
			67,596
			7,487
			-14,243
			-2,013
			6,343
			2,377
			185,692
			2,805
			28,450
			-4,800
			-54,089
			300,697
			2,193
			-547
			-23,639
			-7,422
			9,474
			-2,281
			36,624
			7,960
			16,637
			1,337
			7,975
			48
			-2,677
			-7,514
			9,324
			28,953
			720
			6,628
			-5,286
			1,495
			12,732
			8,344
			-9,269
			-382
			-1,815
			150,264
			-4,512
			6,170
			18,803
			-3,007
			-5,427
			2,646
			22,943
			-2,814

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	5,604,347
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(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? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2018	3,268,253	69,776,053	0.046839
2017	3,183,523	63,145,376	0.050416
2016	2,939,624	67,196,142	0.043747
2015	2,300,868	63,859,333	0.03603
2014	2,494,099	56,456,725	0.044177

Total of line 1, column (d) .....................

0.221209

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 ......

0.044242

Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......

74,499,743

Multiply line 4 by line 3......................

3,296,018

Enter 1% of net investment income (1% of Part I, line 27b)...........

67,794

Add lines 5 and 6........................

3,363,812

Enter qualifying distributions from Part XII, line 4,.............

3,591,771

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 990-PF (2019)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	67,794
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	67,794
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	67,794
6	Credits/Payments:

a	2019 estimated tax payments and 2018 overpayment credited to 2019	6a	141,702
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	141,702
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	73,908
11	Enter the amount of line 10 to be: Credited to 2020 estimated tax73,908	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

for definition).................................

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

and Part XV..................................

Yes

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

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

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

Yes

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

or 4942(j)(5) for calendar year 2019 or the taxable 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? If "Yes," attach a schedule listing their names

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

Form 990-PF (2019)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

The books are in care of bullet

TED PLIS Telephone no. bullet

(312) 461-7551

Located at bullet

111 WEST MONROE STREET TAX DIV 12WCHICAGOIL ZIP+4 bullet

60603

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

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

16 At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over YesNo

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

that were not corrected before the first day of the tax year beginning in 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 (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2019?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2019 as a result of (1) any purchase by the foundation

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

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

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

if the foundation had excess business holdings in 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 990-PF (2019)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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?.....................YesNo

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? YesNo

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

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

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

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
BMO HARRIS BANK N A	TRUSTEE 0	629,673
111 W MONROE STTAX DIVISION 12W CHICAGO,IL60603	TRUSTEE 0	629,673

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


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









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

Form 990-PF (2019)

Page 7

Part VIII

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

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2019)

Page 8

Part X

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

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

purposes:

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

75,087,479

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

546,778

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

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

75,634,257

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.........................

75,634,257

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

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

1,134,514

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

74,499,743

Minimum investment return. Enter 5% of line 5..................

3,724,987

Part XI

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

and do not complete this part.)

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

3,724,987

Tax on investment income for 2019 from Part VI, line 5......

67,794

Income tax for 2019. (This does not include the tax from Part VI.)...

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

67,794

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

3,657,193

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

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

3,657,193

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

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

3,657,193

Part XII

Qualifying Distributions (see instructions)

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

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

3,591,771

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) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

3,591,771

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b. See instructions.................

67,794

Adjusted qualifying distributions. Subtract line 5 from line 4..............

3,523,977

Note: 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 990-PF (2019)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2018	(c) 2018	(d) 2019
1 Distributable amount for 2019 from Part XI, line 7					3,657,193
2 Undistributed income, if any, as of the end of 2019:
a Enter amount for 2018 only.......				2,836,847
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2019:
a From 2014......	0
b From 2015......	0
c From 2016......	0
d From 2017......	0
e From 2018......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2019 from Part
XII, line 4: $ 3,591,771
a Applied to 2018, but not more than line 2a				2,836,847
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2019 distributable amount.....					754,924
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2019.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2018. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2019. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2020 ..........					2,902,269
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2014 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2020. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2015....	0
b Excess from 2016....	0
c Excess from 2017....	0
d Excess from 2018....	0
e Excess from 2019....	0

Form 990-PF (2019)

Page 10

Part XIV

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

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2019, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2019	(b) 2018	(c) 2017	(d) 2016	(e) Total

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

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

THE FRANKEL FOUNDATION CO BMO HARR
111 W MONROE STREET TAX DIVISION
CHICAGO,IL60603
(312) 461-5154

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

THE FRANKEL FOUNDATION GIVES GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS. CO-TRUSTEES REVIEW WRITTEN GRANT PROPOSALS ON A REGULAR BASIS, AND MEET TO DISCUSS GRANT REQUESTS AT LEAST FIVE TIMES PER YEAR

cAny submission deadlines:

PROPOSALS MAY BE SUBMITTED AT ANY TIME IN WRITING TO THE FRANKEL FOUNDATION ADMINISTRATOR.

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

CHARITABLE ORGANIZATIONS WHICH BENEFIT MEDICAL RESEARCH, UNDERPRIVILEGED PERSONS, AND CULTURAL APPRECIATION

Form 990-PF (2019)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CHICAGO OPERA THEATER 70 E LAKE STREET STE 540 CHICAGO,IL60601	NONE	P.C.	GENERAL OPERATING PURPOSES	50,000
COURT THEATRE 5535 S ELLIS AVE CHICAGO,IL60637	NONE	P.C.	GENERAL OPERATING PURPOSES	30,000
WTTW CHANNEL 11 5400 N ST LOUIS AVE CHICAGO,IL60625	NONE	P.C.	GENERAL OPERATING PURPOSES	75,000
RAVINIA FESTIVAL 400 IRIS LANE HIGHLAND PARK,IL60035	NONE	P.C.	GENERAL OPERATING PURPOSES	50,000
CHICAGO SYMPHONY ORCHESTRA 220 S MICHIGAN AVENUE CHICAGO,IL60604	NONE	P.C.	GENERAL OPERATING PURPOSES	175,000
CHICAGO YOUTH CENTERS 104 S MICHIGAN AVENUE CHICAGO,IL60603	NONE	P.C.	GENERAL OPERATING PURPOSES	30,000
LAWRENCE HALL YOUTH SERVICES 4833 N FRANCISCO AVENUE CHICAGO,IL606253698	NONE	P.C.	GENERAL OPERATING PURPOSES	60,000
METROPOLITAN FAMILY SERVICES 14 EAST JACKSON BLVD CHICAGO,IL60604	NONE	P.C.	GENERAL OPERATING PURPOSES	55,000
DEBORAH'S PLACE 2822 WEST JACKSON CHICAGO,IL60612	NONE	P.C.	GENERAL OPERATING PURPOSES	35,000
MUSEUM OF CONTEMPORARY ART 220 E CHICAGO AVE CHICAGO,IL606112604	NONE	P.C.	GENERAL OPERATING PURPOSES	30,000
CHICAGO SHAKESPEARE THEATER 800 EAST GRAND AVE CHICAGO,IL60611	NONE	P.C.	GENERAL OPERATING PURPOSES	350,000
GLENWOOD SCHOOL 18700 S HALSTED STREET CHICAGO,IL60607	NONE	P.C.	GENERAL OPERATING PURPOSES	35,000
CHICAGO LIGHTHOUSE 1850 W ROOSEVELT RD CHICAGO,IL606081298	NONE	P.C.	GENERAL OPERATING PURPOSES	40,000
HUBBARD STREET DANCE CHICAGO 1147 W JACKSON BLVD CHICAGO,IL60607	NONE	P.C.	GENERAL OPERATING PURPOSES	40,000
LYRIC OPERA OF CHICAGO 20 N WACKER DRIVE CHICAGO,IL60606	NONE	P.C.	GENERAL OPERATING PURPOSES	350,000
MUSIC OF THE BAROQUE 100 N LASALLE ST STE 1610 CHICAGO,IL60602	NONE	P.C.	GENERAL OPERATING PURPOSES	50,000
THE GOODMAN THEATER 200 S COLUMBUS DRIVE CHICAGO,IL606036402	NONE	P.C.	GENERAL OPERATING PURPOSES	80,000
CHICAGO ARCHITECTURE FOUNDATION 224 S MICHIGAN AVENUE CHICAGO,IL60604	NONE	P.C.	GENERAL OPERATING FUNDS	10,000
GRANT PARK MUSIC FESTIVAL 205 EAST RANDOLPH DRIVE CHICAGO,IL60601	NONE	P.C.	GENERAL OPERATING PURPOSES	50,000
STEPPENWOLF THEATRE COMPANY 1650 N HALSTED STREET CHICAGO,IL60614	NONE	P.C.	GENERAL OPERATING PURPOSES	205,000
THE NIGHT MINISTRY 4711 NORTH RAVENSWOOD AVE CHICAGO,IL60640	NONE	P.C.	GENERAL OPERATING PURPOSES	210,000
MERCY HOME FOR BOYS AND GIRLS 1140 W JACKSON BLVD CHICAGO,IL60607	NONE	P.C.	GENERAL OPERATING PURPOSES	50,000
THRESHOLDS 4101 N RAVENSWOOD AVE CHICAGO,IL60613	NONE	P.C.	GENERAL OPERATING PURPOSES	65,000
CHICAGO YOUTH SYMPHONY ORCHESTRA 410 S MICHIGAN AVENUE ROOM 833 CHICAGO,IL60605	NONE	P.C.	GENERAL OPERATING PURPOSES	20,000
SHEDD AQUARIUM 1200 S LAKE SHORE DRIVE CHICAGO,IL60605	NONE	P.C.	GENERAL OPERATING PURPOSES	30,000
THE JOFFREY BALLET OF CHICAGO 70 E LAKE STREET STE 1300 CHICAGO,IL60601	NONE	P.C.	GENERAL OPERATING PURPOSES	90,000
ST MARY'S HOME LITTLE SISTERS OF THE POOR 2325 N LAKEWOOD AVE CHICAGO,IL60614	NONE	P.C.	GENERAL OPERATING PURPOSES	50,000
ST VINCENT DE PAUL CENTER 2145 N HALSTED STREET CHICAGO,IL60614	NONE	P.C.	GENERAL OPERATING PURPOSES	30,000
LITTLE BROTHERS FRIENDS OF THE ELDERLY 355 N ASHLAND AVE CHICAGO,IL606071019	NONE	P.C.	GENERAL OPERATING PURPOSES	50,000
HOME 5414B W ROOSEVELT RD CHICAGO,IL60644	NONE	P.C.	GENERAL OPERATING PURPOSES	35,000
THE FIELD MUSEUM 1400 S LAKE SHORE DRIVE CHICAGO,IL60605	NONE	P.C.	GENERAL OPERATING PURPOSES	45,000
NORTHWESTERN MEMORIAL FOUNDATION 541 N FAIRBANKS CT 800 CHICAGO,IL60611	NONE	P.C.	GENERAL OPERATING PURPOSES	200,000
MUSEUM OF SCIENCE AND INDUSTRY 5700 S LAKE SHORE DRIVE CHICAGO,IL60637	NONE	P.C.	GENERAL OPERATING PURPOSES	35,000
CHICAGO HOUSE AND SOCIAL SERVICE AGENCY 1925 N CLYBOURN AVE STE 401 CHICAGO,IL60614	NONE	P.C.	GENERAL OPERATING PURPOSES	50,000
LEARNING ALLY 180 N MICHIGAN SUITE 620 CHICAGO,IL60601	NONE	P.C.	GENERAL OPERATING PURPOSES	30,000
LA RABIDA CHILDREN'S HOSPITAL 6501 S PROMONTORY DR CHICAGO,IL60649	NONE	P.C.	GENERAL OPERATING PURPOSES	100,000
LINCOLN PARK ZOO 2001 NORTH CLARK STREET CHICAGO,IL60614	NONE	P.C.	GENERAL OPERATING PURPOSES	20,000
CHICAGO CHILDREN'S MUSEUM 700 EAST GRAND AVENUE CHICAGO,IL60611	NONE	P.C.	GENERAL OPERATING PURPOSES	10,000
ALZHEIMER'S ASSOCIATION 225 N MICHIGAN AVENUE SUITE 1700 CHICAGO,IL60601	NONE	P.C.	GENERAL OPERATING PURPOSES	75,000
FRANCISCAN OUTREACH 1645 W LEMOYNE ST CHICAGO,IL60622	NONE	P.C.	GENERAL OPERATING PURPOSES	15,000
NEWBERRY LIBRARY 60 W WALTON ST CHICAGO,IL60610	NONE	P.C.	GENERAL OPERATING PURPOSES	10,000
SHIRLEY RYAN ABILITY LAB 355 E ERIE ST CHICAGO,IL60611	NONE	P.C.	GENERAL OPERATING PURPOSES	254,945
Total ................................. 3a				3,274,945

bApproved for future payment

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

Form 990-PF (2019)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	1,515,289
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	5,604,347
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				7,119,636

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

7,119,636

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2019)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2019)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2017 AccountingFeesSchedule

Name:

FRANKEL JULIUS N FOUNDATION

EIN:

36-6765844

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	2,050	1,025		1,025

- TIN:

TY 2017 OtherDecreasesSchedule

Name:

FRANKEL JULIUS N FOUNDATION

EIN:

36-6765844

Description	Amount
TIMING DIFFERENCE	3,138

- TIN:

TY 2017 OtherExpensesSchedule

Name:

FRANKEL JULIUS N FOUNDATION

EIN:

36-6765844

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER NON-ALLOCABLE EXPENSE -	965	0		965

- TIN:

TY 2017 TaxesSchedule

Name:

FRANKEL JULIUS N FOUNDATION

EIN:

36-6765844

Category	Amount	Net Investment Income
FEDERAL ESTIMATES - PRINCIPAL	63,200	0
FOREIGN TAXES ON QUALIFIED FOR	20,741	20,741
FOREIGN TAXES ON NONQUALIFIED	3,621	3,621