Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE BANKS SCHOLARSHIP TRUST-MAIN
 
Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118
A Employer identification number

47-7129676
B Telephone number (see instructions)

(888) 730-4933
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$2,185,904J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I 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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 28,505 27,806  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 37,074
b Gross sales price for all assets on line 6a 351,169
7 Capital gain net income (from Part IV, line 2)... 37,074
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)....... Click to see attachment 836    
12 Total. Add lines 1 through 11........ 66,415 64,880  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 14,941 11,953   2,988
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)....... Click to see attachment 991 0 0 991
c Other professional fees (attach schedule).... Click to see attachment 9,043 1,210   7,833
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 638 638   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)....... Click to see attachment 14 14    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 25,627 13,815 0 11,812
25 Contributions, gifts, grants paid....... 111,900 111,900
26 Total expenses and disbursements. Add lines 24 and 25 137,527 13,815 0 123,712
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -71,112
b Net investment income (if negative, enter -0-) 51,065
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 48,098 50,046 50,046
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
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) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......   Click to see attachment510,382 737,095
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,672,538 Click to see attachment1,090,226 1,398,763
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,720,636 1,650,654 2,185,904
Liabilities 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 bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
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 bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 1,720,636 1,650,654
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)..... 1,720,636 1,650,654
30 Total liabilities and net assets/fund balances (see instructions). 1,720,636 1,650,654
Part III
Analysis of Changes in Net Assets or Fund Balances
1
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) ...............
1
1,720,636
2
Enter amount from Part I, line 27a .....................
2
-71,112
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,676
4
Add lines 1, 2, and 3 ..........................
4
1,652,200
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,546
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,650,654
Form 990-PF (2020)
Form 990-PF (2020)
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 4. BOEING CO   2019-01-30 2020-01-16
b 6. MICROSOFT CORP   2019-01-30 2020-01-16
c 2560.145 VANGUARD SHRT-TRM TAX-EX- ADM 541     2020-01-16
d 28. ZOETIS INC   2019-01-22 2020-02-03
e 2. BECTON DICKINSON & CO   2019-01-30 2020-02-24
1. BOOKING HOLDINGS INC   2019-01-30 2020-02-24
2363.972 FIDELITY NEW MRKTS INC-Z #3323     2020-03-02
2. APPLE INC   2019-01-22 2020-03-03
9. CVS HEALTH CORPORATION   2019-01-22 2020-03-03
22. HOME DEPOT INC   2016-02-17 2020-03-03
4. MICROSOFT CORP   2019-01-22 2020-03-03
2. THERMO FISHER SCIENTIFIC INC   2019-01-22 2020-03-03
26. EATON CORP PLC   2019-01-22 2020-03-03
16. CORE LABORATORIES N V COM   2018-08-27 2020-03-11
30. WABCO HOLDINGS INC   2018-08-27 2020-03-13
1. BOOKING HOLDINGS INC   2020-03-03 2020-03-16
2. BROADCOM INC   2019-01-30 2020-03-16
10. CITIGROUP INC.   2019-07-30 2020-03-16
4. MICROSOFT CORP   2019-01-22 2020-03-16
10. MONDELEZ INTERNATIONAL INC   2019-01-22 2020-03-16
35. EATON CORP PLC   2019-01-22 2020-03-16
3. BOEING CO   2019-01-30 2020-03-26
3. DOLLAR GENERAL CORP   2019-04-25 2020-03-26
5. ROSS STORES INC   2019-01-30 2020-03-26
1. ALPHABET INC CL C   2019-05-09 2020-04-01
29. PNC FINANCIAL SERVICES GROUP   2019-01-22 2020-04-01
36. SUNCOR ENERGY INC NEW F   2019-01-22 2020-04-01
4. UNION PACIFIC CORP   2019-01-22 2020-04-01
8. EOG RESOURCES, INC   2019-06-11 2020-04-23
42. EOG RESOURCES, INC   2019-01-22 2020-04-23
7. ELECTRONIC ARTS INC   2019-02-14 2020-04-23
2. THERMO FISHER SCIENTIFIC INC   2019-01-22 2020-04-23
8. WABCO HOLDINGS INC   2018-08-27 2020-04-23
16. WABCO HOLDINGS INC   2018-08-27 2020-04-24
.366 RAYTHEON TECHNOLOGIES CORP   2019-10-16 2020-04-29
9. AUTOHOME INC-ADR   2018-08-27 2020-05-06
11. CVS HEALTH CORPORATION   2019-09-10 2020-05-06
13. CVS HEALTH CORPORATION   2019-01-22 2020-05-06
11. GILEAD SCIENCES INC   2019-01-22 2020-05-06
3. ELI LILLY & CO COM   2019-01-22 2020-05-06
1. MARKETAXESS HLDGS INC   2018-08-27 2020-05-06
5. MICROSOFT CORP   2019-01-22 2020-05-06
19. MONDELEZ INTERNATIONAL INC   2019-01-22 2020-05-06
4. MARKETAXESS HLDGS INC   2018-08-27 2020-05-20
5. MARKETAXESS HLDGS INC   2018-08-27 2020-05-21
23. OLD DOMINION FREIGHT LINES INC   2018-08-27 2020-05-21
20. OLD DOMINION FREIGHT LINES INC   2018-08-27 2020-05-22
6. ELECTRONIC ARTS INC     2020-05-28
30. HAIN CELESTIAL GROUP INC   2019-01-22 2020-05-28
12. TJX COMPANIES INC   2020-03-03 2020-05-28
56. TJX COMPANIES INC   2016-09-13 2020-05-28
1925.193 MAINSTAY MACKAY CONVERT-I 2584   2019-12-04 2020-06-10
410.678 JOHCM INTERNATIONAL SEL-I #180   2020-01-16 2020-06-12
1674.481 LAZARD GL LIST INFRASTR-INST 1243   2019-05-23 2020-06-12
644.745 LAZARD GL LIST INFRASTR-INST 1243   2019-10-16 2020-06-12
226.057 T ROWE PRICE BLUE CHIP-I #429   2018-08-27 2020-06-12
24. TD AMERITRADE HLDG CORP   2019-01-30 2020-06-22
1. BLACKROCK INC   2019-01-22 2020-07-17
12. CVS HEALTH CORPORATION   2019-01-22 2020-07-17
14. COGNIZANT TECH SOLUTIONS CRP COM   2019-01-22 2020-07-17
2. BOEING CO   2019-08-30 2020-07-20
7. BOEING CO     2020-07-20
8. ALEXION PHARMACEUTICALS INC   2019-01-30 2020-07-27
3. AMERICAN TOWER CORP   2019-01-30 2020-07-31
26. OLD DOMINION FREIGHT LINES INC   2018-08-27 2020-08-18
4. BOEING CO     2020-08-25
7. CITIGROUP INC.   2019-10-16 2020-08-25
6. CITIGROUP INC.   2019-04-22 2020-08-25
21. HAIN CELESTIAL GROUP INC   2019-06-11 2020-08-25
19. TORONTO DOMINION BK ONT COM NEW     2020-08-25
6. UNITED PARCEL SERVICE-CL B   2019-01-22 2020-08-25
6. OLD DOMINION FREIGHT LINES INC   2018-08-27 2020-09-02
7. APPLE INC   2019-01-22 2020-09-14
8. NIKE INC CL B   2019-01-22 2020-09-14
5. UNITED PARCEL SERVICE-CL B   2019-01-22 2020-09-14
8. TE CONNECTIVITY LTD   2019-01-22 2020-09-14
1. MARKETAXESS HLDGS INC   2018-08-27 2020-09-15
9. MARKETAXESS HLDGS INC   2018-08-27 2020-09-16
5. VONTIER CORP   2019-01-30 2020-10-15
13. APPLE INC   2019-01-22 2020-10-20
2. BROADCOM INC     2020-10-20
4. TARGET CORP   2017-09-07 2020-10-20
29. AT & T INC   2019-01-22 2020-10-26
17. CME GROUP INC   2019-01-22 2020-10-26
6. NIKE INC CL B   2019-01-22 2020-10-26
5. UNITED PARCEL SERVICE-CL B   2019-01-22 2020-10-26
175. FLEXTRONICS INTL LTD     2020-10-26
15. AT & T INC   2019-11-06 2020-11-03
7. AT & T INC   2019-10-16 2020-11-03
51. SPIRIT AEROSYTSEMS HOLD-CL A     2020-11-03
2. THERMO FISHER SCIENTIFIC INC   2019-01-22 2020-11-03
.6 VONTIER CORP   2019-01-30 2020-11-12
3. ANTHEM INC   2019-01-30 2020-11-25
4. STRYKER CORP     2020-11-25
4. WORKDAY INC   2019-10-02 2020-11-25
4. WILLIS TOWERS WATSON PUB LTDCO   2019-01-30 2020-11-25
34. CDW CORP/DE   2018-08-27 2020-12-04
12. CDW CORP/DE   2018-08-27 2020-12-07
45. CDW CORP/DE   2018-08-27 2020-12-08
38. GILEAD SCIENCES INC   2019-01-22 2020-12-10
2. LAM RESEARCH CORP COM   2019-01-22 2020-12-10
7. NIKE INC CL B   2019-01-22 2020-12-10
20. TOTAL S.A. - ADR   2019-01-22 2020-12-10
4. UNION PACIFIC CORP   2019-01-22 2020-12-10
4. ALIBABA GROUP HOLDING LTD ADR     2020-12-23
2. BECTON DICKINSON & CO   2019-01-30 2020-12-23
4. WORKDAY INC   2019-11-04 2020-12-23
301.932 NEUBERGER BERMAN LONG SH-INS #1830   2019-10-16 2020-12-24
953.289 PRINCIPAL PREFERRED SEC-R6 #8200   2018-08-17 2020-12-24
2516.779 VANGUARD HIGH YIELD CORP-ADM 529     2020-12-24
CAPITAL GAIN DIVIDENDS P    
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(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,328   1,553 -225
b 990   636 354
c 40,655   40,278 377
d 3,795   2,346 1,449
e 501   491 10
1,794   1,826 -32
35,625   34,686 939
588   306 282
569   583 -14
5,050   2,675 2,375
677   421 256
628   479 149
2,492   1,749 743
183   1,841 -1,658
4,007   3,713 294
1,263   1,684 -421
395   541 -146
416   714 -298
575   421 154
463   430 33
2,687   2,354 333
538   1,165 -627
417   379 38
419   461 -42
1,111   1,155 -44
2,545   3,611 -1,066
534   1,133 -599
540   620 -80
355   700 -345
1,866   4,109 -2,243
805   739 66
657   479 178
1,081   990 91
2,163   1,980 183
25   32 -7
706   753 -47
680   703 -23
803   842 -39
852   754 98
472   349 123
478   188 290
915   526 389
957   817 140
1,904   751 1,153
2,362   939 1,423
3,583   2,294 1,289
3,138   1,994 1,144
721   619 102
926   546 380
659   738 -79
3,074   2,085 989
37,329   35,000 2,329
10,000   10,000  
24,046   24,947 -901
9,259   9,980 -721
30,000   25,703 4,297
947   1,326 -379
588   413 175
783   778 5
861   929 -68
347   727 -380
1,215   2,714 -1,499
840   968 -128
775   511 264
5,076   2,593 2,483
695   1,535 -840
359   489 -130
307   416 -109
652   445 207
925   1,070 -145
951   614 337
1,225   598 627
802   268 534
951   644 307
801   511 290
796   633 163
463   188 275
4,196   1,690 2,506
137   137  
1,521   497 1,024
757   578 179
665   234 431
789   886 -97
2,704   3,154 -450
765   483 282
837   511 326
2,450   1,650 800
413   587 -174
193   265 -72
999   4,007 -3,008
984   479 505
17   16 1
925   893 32
943   729 214
861   666 195
830   643 187
4,520   2,984 1,536
1,608   1,053 555
5,966   3,949 2,017
2,296   2,605 -309
980   278 702
965   563 402
910   1,073 -163
811   620 191
1,017   817 200
492   491 1
1,014   657 357
5,000   4,426 574
10,000   9,523 477
15,000   14,380 620
      11,129
      11,129
      11,129
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      11,129
      11,129
      11,129
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      11,129
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      11,129
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      11,129
      11,129
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       -225
b       354
c       377
d       1,449
e       10
      -32
      939
      282
      -14
      2,375
      256
      149
      743
      -1,658
      294
      -421
      -146
      -298
      154
      33
      333
      -627
      38
      -42
      -44
      -1,066
      -599
      -80
      -345
      -2,243
      66
      178
      91
      183
      -7
      -47
      -23
      -39
      98
      123
      290
      389
      140
      1,153
      1,423
      1,289
      1,144
      102
      380
      -79
      989
      2,329
       
      -901
      -721
      4,297
      -379
      175
      5
      -68
      -380
      -1,499
      -128
      264
      2,483
      -840
      -130
      -109
      207
      -145
      337
      627
      534
      307
      290
      163
      275
      2,506
       
      1,024
      179
      431
      -97
      -450
      282
      326
      800
      -174
      -72
      -3,008
      505
      1
      32
      214
      195
      187
      1,536
      555
      2,017
      -309
      702
      402
      -163
      191
      200
      1
      357
      574
      477
      620
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 37,074
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 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 710
c All other domestic foundations enter 1.39% 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........................... 3 710
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- ..... 5 710
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 548
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 548
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.......Bullet 9 162
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
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.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
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$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
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....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
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?................
    6
    Yes
     
    7
    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..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    b
    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 .
    8b
    Yes
     
    9
    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 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    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 .............
    11
     
    No
    12
    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.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletWELLS FARGO BANK NA Telephone no.bullet (888) 730-4933

    Located atbullet100 N MAIN ST MAC D4001-117WINSTON SALEMNC ZIP+4bullet27101
    15
    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
    15
     
    16 At any time during calendar year 2020, 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
    No
    1a
    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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?...............
    (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.).......
    b
    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 ........
    1b
     
    No
    ........bullet
    c
    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 2020?.............
    1c
     
    No
    2
    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)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    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.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 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 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    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 ......
    5b
     
    No
    .........bullet
    c
    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).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part 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
    BOB HARRIS COMMITTEE CHAIR
    1     		0    
    3280 PEACHTREE RD NE
    ATLANTA,GA30305
    WELLS FARGO BANK N A TRUSTEE
    1     		14,941    
    100 N MAIN ST MAC D4001-117
    WINSTON SALEM,NC27101
    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...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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.............bullet0
    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 (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,893,415
    b
    Average of monthly cash balances.......................
    1b
    33,261
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,926,676
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    1,926,676
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    28,900
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,897,776
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    94,889
    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.)
    1
    Minimum investment return from Part X, line 6....................
    1
    94,889
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    710
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    710
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    94,179
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    2,400
    5
    Add lines 3 and 4............................
    5
    96,579
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    96,579
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    123,712
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    123,712
    5
    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.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    123,712
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 96,579
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 5,804
    d From 2018...... 0
    e From 2019...... 4,905
    fTotal of lines 3a through e........ 10,709
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 123,712
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 96,579
    e Remaining amount distributed out of corpus 27,133
    5 Excess distributions carryover applied to 2020. 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 37,842
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		37,842
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 5,804
    c Excess from 2018.... 0
    d Excess from 2019.... 4,905
    e Excess from 2020.... 27,133
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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).)
    NONE
    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.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    THE BANKS SCHOLARSHIP TRUST
    4320 WADE HAMPTON BLVD
    TAYLORS,SC29687
    (972) 250-8888
    www.csascholars.org
    bThe form in which applications should be submitted and information and materials they should include:
    www.csascholars.org
    cAny submission deadlines:
    MARCH 25
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE WEBSITE
    Form 990-PF (2020)
    Form 990-PF (2020)
    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)
    aPaid during the year
    SEE ATTACHED SCHEDULE
    100 N MAIN ST MAC D4001-117
    WINSTON SALEM,NC27101     		NONE I SCHOLARSHIP 111,900
    Total .................................bullet 3a 111,900
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    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 28,505  
    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 37,074  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL TAX REFUND     		    1 836  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   66,415  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    66,415
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		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 (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    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
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    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
    2a
    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? ...........
    b
    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.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE BANKS SCHOLARSHIP TRUST-MAIN
    EIN:
    47-7129676
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 991     991

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE BANKS SCHOLARSHIP TRUST-MAIN
    EIN:
    47-7129676
    Name of Stock End of Year Book Value End of Year Fair Market Value
    075887109 BECTON DICKINSON & C 982 1,001
    808513105 SCHWAB CHARLES CORP 1,125 1,273
    83304A106 SNAP INC 950 1,051
    285512109 ELECTRONIC ARTS INC 4,003 6,175
    262037104 DRIL-QUIP INC COM 4,932 2,814
    76657Y101 RIGHTMOVE PLC-UNSP A 7,781 10,400
    74164M108 PRIMERICA INC 8,848 9,911
    036752103 ANTHEM INC 893 963
    562750109 MANHATTAN ASSOCIATES 3,926 7,573
    126650100 CVS HEALTH CORPORATI 4,719 5,191
    46625H100 JPMORGAN CHASE & CO 6,926 11,436
    150870103 CELANESE CORP 4,965 6,757
    92826C839 VISA INC-CLASS A SHR 8,634 12,905
    863667101 STRYKER CORP 2,153 2,940
    125523100 CIGNA CORP 2,727 2,915
    75524B104 RBC BEARINGS INC 4,526 5,371
    031162100 AMGEN INC 3,876 3,679
    778296103 ROSS STORES INC 1,014 1,351
    741511109 PRICESMART INC 4,504 5,010
    254687106 WALT DISNEY CO 4,395 7,247
    879360105 TELEDYNE TECHNOLOGIE 9,171 15,287
    G29183103 EATON CORP PLC 2,993 3,244
    532457108 ELI LILLY & CO COM 4,268 5,909
    302941109 FTI CONSULTING INC C 7,851 8,602
    594918104 MICROSOFT CORP 15,600 38,701
    89151E109 TOTAL S.A. - ADR 6,169 4,820
    384109104 GRACO INC 6,266 10,057
    87612E106 TARGET CORP 2,223 6,708
    00206R102 AT & T INC 6,067 5,579
    G5960L103 MEDTRONIC PLC 4,642 5,506
    045327103 ASPEN TECHNOLOGY INC 7,903 9,118
    871829107 SYSCO CORP 4,146 6,535
    517834107 LAS VEGAS SANDS CORP 6,555 6,735
    64110L106 NETFLIX INC 3,154 4,867
    30303M102 FACEBOOK INC 8,778 15,024
    92532F100 VERTEX PHARMACEUTICA 2,246 2,836
    11135F101 BROADCOM INC 6,345 9,633
    75513E101 RAYTHEON TECHNOLOGIE 6,369 6,007
    91324P102 UNITEDHEALTH GROUP I 9,123 16,131
    73278L105 POOL CORPORATION 5,538 12,665
    88032Q109 TENCENT HOLDINGS LTD 3,368 5,392
    891160509 TORONTO DOMINION BK 6,538 6,545
    H84989104 TE CONNECTIVITY LTD 3,163 4,843
    98138H101 WORKDAY INC 863 1,438
    038336103 APTARGROUP INC COM 2,407 3,148
    037833100 APPLE INC 13,326 40,470
    904767704 UNILEVER PLC - ADR 4,616 5,010
    867224107 SUNCOR ENERGY INC NE 5,632 3,004
    609207105 MONDELEZ INTERNATION 4,772 6,490
    988498101 YUM BRANDS INC 654 760
    57636Q104 MASTERCARD INC 3,873 6,782
    848637104 SPLUNK INC 1,481 1,699
    438516106 HONEYWELL INTERNATIO 1,002 1,489
    911312106 UNITED PARCEL SERVIC 4,039 6,904
    31620M106 FIDELITY NATL INFORM 4,903 5,375
    00287Y109 ABBVIE INC 3,429 3,429
    654106103 NIKE INC CL B 5,375 8,771
    79466L302 SALESFORCE COM INC 2,833 4,228
    05278C107 AUTOHOME INC-ADR 10,622 12,652
    56501R106 MANULIFE FINANCIAL C 7,795 9,035
    426281101 HENRY JACK & ASSOC I 4,099 4,212
    829073105 SIMPSON MFG INC COM 5,115 7,102
    32051X108 FIRST HAWAIIAN INC 9,770 9,739
    049904105 ATRION CORP 3,924 3,211
    Y2573F102 FLEX LTD 2,114 4,621
    907818108 UNION PACIFIC CORP 4,495 6,038
    007903107 ADVANCED MICRO DEVIC 1,695 1,742
    571903202 MARRIOTT INTERNATION 908 1,055
    01609W102 ALIBABA GROUP HOLDIN 5,416 7,447
    70450Y103 PAYPAL HOLDINGS INC 2,549 6,323
    34959J108 FORTIVE CORP 892 991
    29084Q100 EMCOR GROUP INC COM 6,898 9,146
    46120E602 INTUITIVE SURGICAL I 2,035 3,272
    45866F104 INTERCONTINENTAL EXC 685 1,038
    G96629103 WILLIS TOWERS WATSON 643 843
    257651109 DONALDSON CO INC 2,843 3,185
    60786M105 MOELIS & CO 6,306 5,985
    04316A108 ARTISAN PARTNERS ASS 3,053 4,984
    17275R102 CISCO SYSTEMS INC 7,492 7,518
    460690100 INTERPUBLIC GROUP CO 3,027 3,763
    09857L108 BOOKING HOLDINGS INC 5,196 6,682
    256677105 DOLLAR GENERAL CORP 1,152 2,103
    617446448 MORGAN STANLEY 976 1,576
    023135106 AMAZON COM INC COM 13,356 26,055
    94106L109 WASTE MANAGEMENT INC 5,717 5,897
    67066G104 NVIDIA CORP 1,058 1,044
    58933Y105 MERCK & CO INC NEW 5,094 5,481
    512807108 LAM RESEARCH CORP CO 2,339 7,084
    461202103 INTUIT COM 3,177 5,318
    337738108 FISERV INC 2,641 3,416
    172967424 CITIGROUP INC. 9,310 10,236
    097023105 BOEING CO 5,451 4,067
    192446102 COGNIZANT TECH SOLUT 5,031 6,310
    02079K107 ALPHABET INC CL C 19,226 33,286
    81762P102 SERVICENOW INC 2,325 6,605
    09260D107 BLACKSTONE GROUP INC 3,981 4,926
    37940X102 GLOBAL PMTS INC W/I 2,946 4,739
    235851102 DANAHER CORP 1,564 3,110
    749607107 RLI CORP COM 4,024 5,208
    883556102 THERMO FISHER SCIENT 4,107 7,918
    09247X101 BLACKROCK INC 4,546 7,937
    303075105 FACTSET RESH SYS INC 4,711 6,983
    891092108 TORO CO 6,021 8,725
    942749102 WATTS WATER TECHNOLO 5,931 7,424
    005098108 ACUSHNET HOLDINGS CO 4,829 7,459
    25243Q205 DIAGEO PLC - ADR 5,950 6,670
    405217100 HAIN CELESTIAL GROUP 1,867 3,935
    H2906T109 GARMIN LTD 4,246 5,504
    81141R100 SEA LTD-ADR 1,674 1,791

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE BANKS SCHOLARSHIP TRUST-MAIN
    EIN:
    47-7129676
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    562750109 MANHATTAN ASSOCIATES      
    60786M105 MOELIS & CO      
    74164M108 PRIMERICA INC      
    73278L105 POOL CORPORATION      
    92927K102 WABCO HOLDINGS INC      
    12514G108 CDW CORP/DE      
    00770G847 JOHCM INTERNATIONAL AT COST 66,782 90,532
    879360105 TELEDYNE TECHNOLOGIE      
    76657Y101 RIGHTMOVE PLC-UNSP A      
    256210105 DODGE & COX INCOME F AT COST 78,000 85,982
    02079K107 ALPHABET INC/CA      
    922907803 VANGUARD SHRT-TRM TA      
    922031760 VANGUARD HIGH YIELD AT COST 75,727 81,249
    77954Q403 T ROWE PRICE BLUE CH AT COST 190,997 278,684
    045327103 ASPEN TECHNOLOGY INC      
    384109104 GRACO INC      
    741511109 PRICESMART INC      
    05278C107 AUTOHOME INC-ADR      
    03027X100 AMERICAN TOWER REIT      
    037833100 APPLE COMPUTER INC C      
    74256W584 PRINCIPAL MIDCAP FUN AT COST 164,710 283,614
    87612E106 TARGET CORP      
    91324P102 UNITEDHEALTH GROUP I      
    46625H100 JPMORGAN CHASE & CO      
    G5960L103 MEDTRONIC PLC      
    74256W568 PRINCIPAL REAL EST S AT COST 66,640 71,320
    872540109 TJX COS INC NEW      
    867224107 SUNCOR ENERGY INC NE      
    74256W485 PRINCIPAL PREFERRED AT COST 65,477 68,649
    038336103 APTARGROUP INC      
    262037104 DRIL-QUIP INC COM      
    17275R102 CISCO SYSTEMS INC      
    437076102 HOME DEPOT INC      
    N22717107 CORE LABORATORIES N      
    426281101 HENRY JACK & ASSOC I      
    891092108 TORO CO      
    679580100 OLD DOMINION FREIGHT      
    594918104 MICROSOFT CORP      
    257651109 DONALDSON CO INC      
    303075105 FACTSET RESH SYS INC      
    749607107 RLI CORP COM      
    57060D108 MARKETAXESS HLDGS IN      
    75524B104 RBC BEARINGS INC      
    04316A108 ARTISAN PARTNERS ASS      
    693390882 PIMCO INTL BND USD H AT COST 35,000 34,749
    808513105 SCHWAB CHARLES CORP      
    988498101 YUM BRANDS INC      
    79466L302 SALESFORCE COM INC      
    848637104 SPLUNK INC      
    56063N600 MAINSTAY CONVERTIBLE      
    097023105 BOEING COMPANY      
    285512109 ELECTRONIC ARTS INC      
    375558103 GILEAD SCIENCES INC      
    512807108 LAM RESEARCH CORP CO      
    883556102 THERMO FISHER SCIENT      
    911312106 UNITED PARCEL SERVIC      
    405217100 HAIN CELESTIAL GROUP      
    09247X101 BLACKROCK INC      
    172967424 CITIGROUP INC      
    12572Q105 CME GROUP INC      
    075887109 BECTON DICKINSON AND      
    571903202 MARRIOTT INTERNATION      
    778296103 ROSS STORES INC      
    37940X102 GLOBAL PMTS INC W/I      
    88032Q109 TENCENT HOLDINGS LTD      
    036752103 ANTHEM INC      
    125523100 CIGNA CORP      
    256677105 DOLLAR GENERAL CORP      
    G96629103 WILLIS TOWERS WATSON      
    46120E602 INTUITIVE SURGICAL I      
    92826C839 VISA INC-CLASS A SHR      
    52106N459 LAZARD GL LIST INFRA      
    049904105 ATRION CORP      
    Y2573F102 FLEXTRONICS INTL LTD      
    254687106 WALT DISNEY CO      
    654106103 NIKE INC CL B      
    907818108 UNION PACIFIC CORP      
    58933Y105 MERCK & CO INC NEW      
    98978V103 ZOETIS INC      
    92532F100 VERTEX PHARMACEUTICA      
    901165100 TWEEDY BROWNE FD GLO AT COST 75,131 79,212
    25243Q205 DIAGEO PLC - ADR      
    891160509 TORONTO DOMINION BK      
    89151E109 TOTAL FINA ELF S.A.      
    G29183103 EATON CORP PLC      
    461202103 INTUIT COM      
    00143W859 INV OPP DEVELOP MRKT AT COST 136,083 180,872
    532457108 ELI LILLY & CO COM      
    337738108 FISERV INC      
    617446448 MORGAN STANLEY      
    863667101 STRYKER CORP      
    438516106 HONEYWELL INTERNATIO      
    81762P102 SERVICENOW INC      
    126650100 CVS/CAREMARK CORPORA      
    26875P101 EOG RESOURCES, INC      
    150870103 CELANESE CORP      
    H84989104 TE CONNECTIVITY LTD      
    31620M106 FIDELITY NATL INFORM      
    01609W102 ALIBABA GROUP HOLDIN      
    64110L106 NETFLIX.COM INC      
    87236Y108 TD AMERITRADE HLDG C      
    98138H101 WORKDAY INC      
    45866F104 INTERCONTINENTALEXCH      
    31641Q755 FIDELITY NEW MRKTS I      
    693475105 PNC FINANCIAL SERVIC      
    56501R106 MANULIFE FINANCIAL C      
    023135106 AMAZON COM INC      
    015351109 ALEXION PHARMACEUTIC      
    70450Y103 PAYPAL HOLDINGS INC      
    30303M102 FACEBOOK INC      
    09260C703 BLACKROCK GL L/S CRE AT COST 35,000 35,412
    829073105 SIMPSON MFG INC COM      
    517834107 LAS VEGAS SANDS CORP      
    00206R102 AT & T INC      
    609207105 MONDELEZ INTERNATION      
    235851102 DANAHER CORP      
    09857L108 BOOKING HOLDINGS INC      
    34959J108 FORTIVE CORP      
    57636Q104 MASTERCARD INC      
    64128R608 NEUBERGER BERMAN LON AT COST 30,574 37,607
    32051X108 FIRST HAWAIIAN INC      
    192446102 COGNIZANT TECH SOLUT      
    11135F101 BROADCOM INC      
    755111507 RAYTHEON CO      
    848574109 SPIRIT AEROSYTSEMS H      
    87234N765 TCW EMRG MKTS INCM-I AT COST 35,105 35,522
    722005667 PIMCO COMMODITY REAL AT COST 35,000 35,359

    TY 2020 OtherDecreasesSchedule
    Name:
    THE BANKS SCHOLARSHIP TRUST-MAIN
    EIN:
    47-7129676
    Description Amount
    PY RETURN OF CAPITAL ADJ 521
    COST BASIS ADJUSTMENT 852
    TAX LOT ADJUSTMENT 173


    TY 2020 OtherExpensesSchedule
    Name:
    THE BANKS SCHOLARSHIP TRUST-MAIN
    EIN:
    47-7129676
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT EXPENSES - ADR FEES 14 14   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE BANKS SCHOLARSHIP TRUST-MAIN
    EIN:
    47-7129676
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 836 0  


    TY 2020 OtherIncreasesSchedule
    Name:
    THE BANKS SCHOLARSHIP TRUST-MAIN
    EIN:
    47-7129676
    Description Amount
    RECOVERY OF GRANTS PAID 2,400
    MUTUAL FUND TIMING ADJ 276


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE BANKS SCHOLARSHIP TRUST-MAIN
    EIN:
    47-7129676
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SCHOLARSHIP ADMIN FEES 7,833     7,833
    INVESTMNT MNGMNT FEES (NON-DED 1,210 1,210    


    TY 2020 TaxesSchedule
    Name:
    THE BANKS SCHOLARSHIP TRUST-MAIN
    EIN:
    47-7129676
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 638 638   0