TY 2020 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.
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Go 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
RUBY R VALE FOUNDATION II

Number and street (or P.O. box number if mail is not delivered to street address)331 ISLAND DRIVE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MIAMI, FL33149

A Employer identification number

65-0659181

B Telephone number (see instructions)

(412) 762-9972

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

$2,733,497J 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...	52,190		51,353
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-49,122
b	Gross sales price for all assets on line 6a 704,464
7	Capital gain net income (from Part IV, line 2)...			0
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).......		11,628
12	Total. Add lines 1 through 11........	14,696		51,353
13	Compensation of officers, directors, trustees, etc.
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).......
c	Other professional fees (attach schedule)....		15,722	11,829		3,931
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		1,590	1,590		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).......		1,993	1,993
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	19,305		15,412	0	3,931
25	Contributions, gifts, grants paid.......	119,296				119,296
26	Total expenses and disbursements. Add lines 24 and 25	138,601		15,412	0	123,227
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-123,905
b	Net investment income (if negative, enter -0-)			35,941
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	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.........	32,338	42,904	42,904
	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)
	b	Investments—corporate stock (attach schedule).......	431,342	502,526	656,293
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,920,373	1,712,820	2,034,300
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	-860
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,383,193	2,258,250	2,733,497
	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........	2,373,699	2,258,250
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	9,494
	29	Total net assets or fund balances (see instructions).....	2,383,193	2,258,250
	30	Total liabilities and net assets/fund balances (see instructions).	2,383,193	2,258,250

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

2,383,193

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

-123,905

Other increases not included in line 2 (itemize) bullet

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

2,259,288

Decreases not included in line 2 (itemize) bullet

1,038

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

2,258,250

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	14.587 BLACKROCK STRATEGIC INCOME OPPORTUNITIES PORTFOLIO		2019-12-23	2020-01-13
b	665. ISHARES MSCI EAFE VALUE ETF		2019-08-07	2020-01-13
c	1616. ISHARES MSCI EAFE VALUE ETF		2018-01-03	2020-01-13
d	3. ABBOTT LABORATORIES INC		2017-12-06	2020-01-22
e	1. ECOLAB INC		2017-12-06	2020-01-22
	1. MICROSOFT CORP		2019-04-05	2020-01-22
	5. SCHWAB CHARLES CORP NEW		2017-12-06	2020-01-22
	3. STERICYCLE INC		2019-12-16	2020-01-22
	2. APTIV PLC-WHEN ISSUED SEDOL B783TY6		2017-12-12	2020-01-22
	69. FUCHS PETROLUB SE-PREF ADR ADR SEDOL B70BT82		2018-03-13	2020-01-23
	18. STARBUCKS CORP COM			2020-01-23
	3. MICROSOFT CORP		2018-10-18	2020-01-30
	8. MICROSOFT CORP		2019-03-27	2020-01-30
	2. FACEBOOK INC		2020-01-30	2020-01-31
	25. ESSILOR INTL ADR		2020-01-16	2020-02-03
	19. STARBUCKS CORP COM		2018-07-31	2020-02-03
	3. AIA GROUP LTD SPONSORED ADR		2018-03-13	2020-02-11
	1. AIR LIQUIDE ADR		2018-03-13	2020-02-11
	6. ALFA LAVAL AB-UNSPON ADR ADR SEDOL B3F2F06		2018-03-13	2020-02-11
	5. ALLIANZ SE - UNSP ADR SEDOL BJXKF26		2018-03-13	2020-02-11
	1. AMADEUS IT GROUP S A ADR		2019-07-19	2020-02-11
	13. AMBEV SA-SPN ADR ADR SEDOL BG804F6		2018-08-20	2020-02-11
	3. ATLAS COPCO AB SPONSORED ADR NEW REPSTG COM		2018-03-13	2020-02-11
	2. BAIDU INC		2018-03-13	2020-02-11
	14. BANCO BILBAO VIZCAYA ARGENTARIA S A		2018-03-13	2020-02-11
	1. CANADIAN NATL RAILWAY CO SEDOL 2210959		2018-03-13	2020-02-11
	2. CHINA MOBILE HK LTD SPON ADR		2019-03-27	2020-02-11
	1. CHUGAI PHARMACEUTIC-UNSP ADR SEDOL B39GHN1		2019-03-07	2020-02-11
	1. DBS GROUP HLDGS LTD SPONSORED ADR		2018-03-13	2020-02-11
	1. DENTSU GROUP INC ADR SEDOL B2RB0M1		2019-01-23	2020-02-11
	1. DIAGEO P L C SPNSRD ADR NEW		2019-03-06	2020-02-11
	4. EPIROC AKTIEBOLAG-UNSP ADR ADR SEDOL BD0F6S5		2019-03-27	2020-02-11
	2. FANUC CORP ADR		2018-03-13	2020-02-11
	1. FOMENTO ECONOMICO MEXICANO SAB DE CV SPONSORED ADR		2019-04-17	2020-02-11
	3. HDFC BANK LTD SPON - ADR		2018-03-13	2020-02-11
	15. ICICI BANK LTD SPON ADR		2018-03-13	2020-02-11
	3. INFINEON TECHNOLOGIES ADR		2018-03-13	2020-02-11
	5. ITAU UNIBANCO BANCO HOLDING SPONSERED ADR		2018-03-13	2020-02-11
	2. KOMATSU LTD SPON ADR		2018-11-13	2020-02-11
	1. KUBOTA CORP SPON ADR		2018-03-13	2020-02-11
	3. MICROSOFT CORP		2020-02-03	2020-02-11
	3. MICROSOFT CORP		2018-10-18	2020-02-11
	2. NOVOZYMES A/S UNSPONSORED ADR		2018-03-27	2020-02-11
	3. PING AN INSURANCE (GROUP) CO OF CHINA		2019-03-28	2020-02-11
	1. ROYAL DUTCH SHELL PLC ADR B		2018-03-13	2020-02-11
	1. SAP SE SPONSORED ADR		2019-04-17	2020-02-11
	3. SASOL LTD SPONSORED ADR		2018-03-13	2020-02-11
	1. SCHLUMBERGER LTD COM		2018-03-13	2020-02-11
	1. SCHNEIDER ELECTRIC SE		2019-12-12	2020-02-11
	1. SGS S.A. UNSPONSORED ADR		2019-04-17	2020-02-11
	4. SONOVA HLDG AG ADR		2018-03-13	2020-02-11
	1. SYMRISE AG UNSPON ADR		2018-03-13	2020-02-11
	2. SYSMEX CORP UNSPONSORED ADR		2018-03-13	2020-02-11
	1. TENCENT HOLDINGS LTD UNSPON ADR		2019-02-01	2020-02-11
	1. UNI CHARM CORP SPON ADR		2020-01-10	2020-02-11
	1. UNILEVER PLC W/I SPONSORED ADR		2018-03-13	2020-02-11
	1. LINDE PLC SEDOL BZ12WP8		2018-12-13	2020-02-11
	1. CHECK POINT SOFTWARE COM		2018-03-13	2020-02-11
	2. YANDEX INV A ISIN NL0009805522 SEDOL B5BSZB3		2018-10-25	2020-02-11
	28. ECOLAB INC		2017-12-06	2020-02-12
	16. INTEL CORP		2017-12-06	2020-02-13
	15. LOWES COMPANIES INC		2017-12-06	2020-02-13
	9. VERISK ANALYTICS INC		2017-12-06	2020-02-14
	34. ROYAL DUTCH SHELL PLC ADR A		2020-01-16	2020-02-21
	74. AXA SPONSORED ADR		2020-01-16	2020-02-28
	127. REPSOL SA SPONSORED ADR		2020-01-16	2020-02-28
	66. ROYAL DSM N V SPONSORED ADR		2020-01-16	2020-02-28
	33. E.ON SE ADR		2020-01-16	2020-03-03
	11. RWE AG SPONSORED ADR REPSTG ORD PAR		2020-01-16	2020-03-03
	1. ALPHABET INC/CA-CL C		2019-06-03	2020-03-06
	112. BASF SE SPONSORED ADR		2020-01-16	2020-03-11
	114. EQUINOR ASA SPONSORED ADR SEDOL BF4K3J0		2020-02-25	2020-03-12
	2. ABBOTT LABORATORIES INC		2017-12-06	2020-03-16
	19. ABBOTT LABORATORIES INC		2017-12-06	2020-03-16
	2. BOOKING HOLDINGS INC		2017-12-06	2020-03-16
	8. EQUITY RESIDENTIAL PPTYS TR SBI		2017-12-06	2020-03-16
	73. HALLIBURTON CO		2019-06-06	2020-03-16
	168. HALLIBURTON CO			2020-03-16
	8. STERICYCLE INC		2019-12-16	2020-03-16
	11. TAIWAN SEMICONDUCTOR MTG CO ADR		2018-03-13	2020-03-16
	1. VERISK ANALYTICS INC		2017-12-06	2020-03-16
	14. WASTE MANAGEMENT INC		2017-12-06	2020-03-16
	5. ABBOTT LABORATORIES INC		2017-12-06	2020-03-18
	664. LLOYDS TSB GROUP PLC SPONSORED ADR		2020-01-16	2020-03-18
	88. OTSUKA HOLDINGS LTD ADR SEDOL B76XH88		2020-01-16	2020-03-18
	2. AMPHENOL CORP NEW CL A		2017-12-06	2020-03-19
	10. MICROSOFT CORP		2018-10-10	2020-03-20
	37. AERCAP HOLDINGS NV ISIN NL0000687663 SEDOL B1HHKD3			2020-03-20
	24. ABBOTT LABORATORIES INC		2017-12-06	2020-03-31
	2. MASTERCARD INC CL A		2017-12-06	2020-03-31
	120. ENGIE ADR SEDOL BYY9W15		2020-01-16	2020-04-01
	14. DENTSU GROUP INC ADR SEDOL B2RB0M1		2019-07-22	2020-04-02
	28. DENTSU GROUP INC ADR SEDOL B2RB0M1		2019-01-23	2020-04-02
	48. HSBC HLDGS PLC SPONSORED ADR NEW		2019-12-11	2020-04-02
	42. HSBC HLDGS PLC SPONSORED ADR NEW		2018-03-13	2020-04-02
	7. NESTLE S A SPONSORED ADR REPSTG REG SH		2018-03-13	2020-04-02
	7. CHECK POINT SOFTWARE COM		2018-03-13	2020-04-02
	.94 ACS ACTIVIDADES CONS-UNS ADR ADR SEDOL B3F8LH3		2020-01-16	2020-04-06
	3. MICROSOFT CORP		2018-10-10	2020-04-06
	43. CONAGRA FOODS INC		2019-09-12	2020-04-07
	351. MARATHON OIL CORP COM			2020-04-07
	94. MARATHON OIL CORP COM		2020-02-13	2020-04-07
	18. MERCK & CO INC		2017-12-06	2020-04-07
	33. MONDELEZ INTERNATIONAL		2017-12-06	2020-04-07
	40. WASTE MANAGEMENT INC		2017-12-06	2020-04-07
	221. ROLLS-ROYCE HOLDINGS PLC SPONSORED ADR		2020-01-16	2020-04-08
	31. ROCHE HOLDINGS LTD ADR			2020-04-16
	39. SASOL LTD SPONSORED ADR		2018-03-13	2020-04-16
	38. SCHLUMBERGER LTD COM		2018-03-13	2020-04-16
	15. SCHLUMBERGER LTD COM		2019-07-19	2020-04-16
	4. LINDE PLC SEDOL BZ12WP8		2018-12-13	2020-04-16
	3. CHUGAI PHARMACEUTIC-UNSP ADR SEDOL B39GHN1		2019-03-07	2020-04-17
	7. NXP SEMICONDUCTORS ISIN NL0009538784 SEDOL B505PN7		2020-01-16	2020-04-17
	6. ABBOTT LABORATORIES INC		2017-12-06	2020-04-23
	35. OCCIDENTAL PETE CORP COM		2019-08-07	2020-04-23
	78. OCCIDENTAL PETE CORP COM			2020-04-23
	8. NXP SEMICONDUCTORS ISIN NL0009538784 SEDOL B505PN7		2020-01-16	2020-04-28
	2. ASML HOLDING NV-NY SEDOL B908F01		2020-01-16	2020-04-29
	.378 RAYTHEON TECHNOLOGIES CORP COM		2017-12-06	2020-04-30
	90. PROSUS NV -SPON ADR SEDOL BKT6LC7		2020-01-16	2020-05-07
	6. JOHNSON & JOHNSON COM		2017-12-06	2020-05-08
	16. MARSH & MCLENNAN COS INC COM		2017-12-06	2020-05-08
	20. ORACLE CORP		2010-12-21	2020-05-08
	69. ISHARES TR S&P 500 INDEX FD			2020-05-12
	748. ISHARES TRUST ISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND		2016-08-18	2020-05-12
	103. SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND		2011-02-11	2020-05-12
	1567. SCHWAB US REIT ETF		2019-08-07	2020-05-12
	16. CANADIAN NATL RAILWAY CO SEDOL 2210959		2018-03-13	2020-05-13
	18. NESTLE S A SPONSORED ADR REPSTG REG SH		2018-03-13	2020-05-14
	1. ALPHABET INC/CA-CL C		2017-12-06	2020-05-20
	6. FACEBOOK INC		2020-03-06	2020-05-20
	2955.19 PRINCIPAL MIDCAP FUND-R6		2018-11-14	2020-05-20
	11441.308 TRANSAMERICA SM CAP GROW-I2		2019-10-24	2020-05-20
	18. AT&T INC			2020-05-26
	3. BROADCOM INC		2019-01-29	2020-05-26
	3. CIGNA CORP		2019-01-04	2020-05-26
	17. CARDINAL HEALTH INC		2017-12-06	2020-05-26
	12. CISCO SYS INC COM		2012-08-17	2020-05-26
	15. CONOCOPHILLIPS		2017-12-06	2020-05-26
	4. DISNEY WALT CO		2020-04-07	2020-05-26
	10. INTEL CORP		2017-12-06	2020-05-26
	7. LOWES COMPANIES INC		2017-12-06	2020-05-26
	19. PFIZER INC COM		2020-01-10	2020-05-26
	19. AIA GROUP LTD SPONSORED ADR		2020-01-16	2020-05-27
	28. DEUTSCHE BOERSE AG UNSPN ADR		2020-01-16	2020-05-29
	22. SIEMENS HEALTHINEE-UNSP ADR SEDOL BG0KD79		2020-01-16	2020-06-02
	23. BAIDU INC		2018-03-13	2020-06-08
	7. BAIDU INC		2020-04-16	2020-06-08
	52. HSBC HLDGS PLC SPONSORED ADR NEW		2020-01-16	2020-06-08
	28. AMADEUS IT GROUP S A ADR		2019-07-19	2020-06-09
	130. JAPAN AIRLINES CO-UNP ADR ADR SEDOL BFZB9N8		2020-01-16	2020-06-18
	17. ACS ACTIVIDADES CONS-UNS ADR ADR SEDOL B3F8LH3		2020-01-16	2020-06-23
	2. AIA GROUP LTD SPONSORED ADR		2020-01-16	2020-06-23
	17. ACCOR SAF UNSPON ADR		2020-01-16	2020-06-23
	4. ADECCO GROUP SA		2020-01-16	2020-06-23
	2. AIRBUS SE ADR		2020-01-16	2020-06-23
	7. BAE SYSYTEMS PLC SPONSORED ADR		2020-01-16	2020-06-23
	27. COMPAGNIE DE SAINT-UNSP ADR ADR SEDOL B3K9YH2		2020-01-16	2020-06-23
	28. DANONE SPONS ADR		2020-01-16	2020-06-23
	3. DEUTSCHE BOERSE AG UNSPN ADR		2020-01-16	2020-06-23
	10. FANUC CORP ADR		2020-01-16	2020-06-23
	1. JULIS BAER GROUP LTD UN SPON ADR		2020-01-16	2020-06-23
	1. KBC GROEP NV UNSP ADR		2020-03-10	2020-06-23
	1. KONINKLIJKE AHOLD DELHAIZE ADR SEDOL BD9FL92		2020-03-24	2020-06-23
	3. MERCK KGAA-SPONSORED ADR SEDOL		2020-02-24	2020-06-23
	21. NORDEA BANK ABP - SPON ADR ADR SEDOL BGT1Q96		2020-01-16	2020-06-23
	4. NOVOZYMES A/S UNSPONSORED ADR		2020-03-25	2020-06-23
	9. NUTRIEN LTD SEDOL BDRJLN0		2020-01-16	2020-06-23
	1. PERNOD RICARD SA UNSPONSORED ADR		2020-03-18	2020-06-23
	2. RECKITT BENCKISER-SPON ADR ADR SEDOL B93K0B0		2020-01-16	2020-06-23
	1. SAP SE SPONSORED ADR		2020-01-16	2020-06-23
	4. SIEMENS HEALTHINEE-UNSP ADR SEDOL BG0KD79		2020-01-16	2020-06-23
	.333 SONOVA HLDG AG ADR		2018-03-13	2020-06-30
	419. FIDELITY REAL ESTATE ETF ETF		2020-05-12	2020-07-06
	3148.367 TOUCHSTONE SM CAP VAL-INST		2018-11-14	2020-07-06
	13. DEUTSCHE POST AG SPON ADR		2020-01-16	2020-07-13
	4. SAP SE SPONSORED ADR		2020-01-16	2020-07-13
	5. CATERPILLAR INC		2020-04-07	2020-07-16
	11. CONAGRA FOODS INC		2019-09-12	2020-07-16
	6. DUPONT DE NEMOURS INC-WI		2017-12-06	2020-07-16
	4. LOWES COMPANIES INC		2017-12-06	2020-07-16
	5. TAIWAN SEMICONDUCTOR MTG CO ADR		2020-04-17	2020-07-24
	10. DBS GROUP HLDGS LTD SPONSORED ADR		2020-01-16	2020-07-27
	33. NUTRIEN LTD SEDOL BDRJLN0		2020-01-16	2020-07-27
	13. ROCHE HOLDINGS LTD ADR			2020-07-29
	20. TAIWAN SEMICONDUCTOR MTG CO ADR		2018-03-13	2020-07-29
	.875 ACS ACTIVIDADES CONS-UNS ADR ADR SEDOL B3F8LH3		2020-01-16	2020-07-30
	26. DANONE SPONS ADR		2020-01-16	2020-08-04
	6. MICROSOFT CORP		2018-10-10	2020-08-04
	15. TAIWAN SEMICONDUCTOR MTG CO ADR		2018-03-13	2020-08-05
	8. RWE AG SPONSORED ADR REPSTG ORD PAR			2020-08-12
	29. SHISEIDO LTD SPON ADR			2020-08-13
	58. SIEMENS HEALTHINEE-UNSP ADR SEDOL BG0KD79		2020-01-16	2020-08-21
	5. ULTA BEAUTY INC		2020-01-22	2020-08-28
	3. ULTA BEAUTY INC		2017-12-06	2020-08-28
	21. ARCHER DANIELS MIDLAND CO		2017-12-06	2020-09-18
	3. BROADCOM INC		2019-01-29	2020-09-18
	9. COGNIZANT TECHNOLOGY SOLUTIONS		2020-05-08	2020-09-18
	3. LOWES COMPANIES INC		2017-12-06	2020-09-18
	6. ALLEGION PLC SEDOL BFRT3W7		2017-12-06	2020-09-18
	33. INFINEON TECHNOLOGIES ADR		2018-03-13	2020-09-23
	6. NIKE INC CL B		2019-11-18	2020-09-23
	4. ALLEGION PLC SEDOL BFRT3W7			2020-09-23
	9. ALLEGION PLC SEDOL BFRT3W7		2018-02-09	2020-10-02
	1. ABBOTT LABORATORIES INC		2017-12-06	2020-10-06
	21. YANDEX INV A ISIN NL0009805522 SEDOL B5BSZB3		2018-10-25	2020-10-12
	52. ABBOTT LABORATORIES INC		2017-12-06	2020-10-15
	47. RECKITT BENCKISER-SPON ADR ADR SEDOL B93K0B0		2020-01-16	2020-10-21
	3. TAIWAN SEMICONDUCTOR MTG CO ADR		2020-04-17	2020-10-21
	303. ACS ACTIVIDADES CONS-UNS ADR ADR SEDOL B3F8LH3			2020-10-27
	1. ADECCO GROUP SA		2020-01-16	2020-10-29
	2. ANGLO AMERICAN PLC-SPONS ADR ADR SEDOL BYYWFP9		2020-01-16	2020-10-29
	1. BAE SYSYTEMS PLC SPONSORED ADR		2020-01-16	2020-10-29
	1. CARLSBERG AS SPON ADR		2020-01-16	2020-10-29
	4. COMPAGNIE DE SAINT-UNSP ADR ADR SEDOL B3K9YH2		2020-01-16	2020-10-29
	3. DNB ASA-SPONSOR ADR ADR SEDOL B59G6H2		2020-01-16	2020-10-29
	1. DANONE SPONS ADR		2020-01-16	2020-10-29
	1. DEUTSCHE BOERSE AG UNSPN ADR		2020-01-16	2020-10-29
	2. E.ON SE ADR		2020-06-23	2020-10-29
	1. ENEL SPA ADR		2020-06-23	2020-10-29
	1. HITACHI LTD ADR 10 COMMON		2020-01-16	2020-10-29
	3. JULIS BAER GROUP LTD UN SPON ADR		2020-01-16	2020-10-29
	1. KBC GROEP NV UNSP ADR		2020-03-10	2020-10-29
	1. PROSUS NV -SPON ADR SEDOL BKT6LC7		2020-10-28	2020-10-29
	1. SMITH & NEPHEW PLC SPDN ADR		2020-01-16	2020-10-29
	18. TOTAL FINA S A		2020-07-27	2020-10-30
	160. E.ON SE ADR			2020-11-04
	27. TOTAL FINA S A		2020-07-27	2020-11-04
	205. ACCOR SAF UNSPON ADR		2020-01-16	2020-11-09
	4. ULTA BEAUTY INC		2017-12-06	2020-11-09
	8. ALLEGION PLC SEDOL BFRT3W7		2018-02-09	2020-11-09
	1. AMPHENOL CORP NEW CL A		2017-12-06	2020-11-24
	15. MURATA MFG CO LTD ADR UNSPON ADR		2020-10-21	2020-11-24
	3. TJX COS INC NEW COM		2020-10-06	2020-11-24
	5. ULTA BEAUTY INC		2017-12-06	2020-11-25
	.501 VIATRIS INC-W/I		2017-12-06	2020-11-27
	65. LONDON STOCK EXCHG-UNSP ADR ADR SEDOL BY7RGX6			2020-11-30
	8. MURATA MFG CO LTD ADR UNSPON ADR			2020-12-01
	30. ANGLO AMERICAN PLC-SPONS ADR ADR SEDOL BYYWFP9		2020-01-16	2020-12-02
	485.437 BLACKROCK STRATEGIC INCOME OPPORTUNITIES PORTFOLIO			2020-12-02
	21. FANUC CORP ADR		2020-01-16	2020-12-02
	85. ISHARES CORE US AGGREGATE BOND ETF		2017-08-29	2020-12-02
	54. ISHARES TR RUSSELL MIDCAP VALUE INDEX FD		2018-01-03	2020-12-02
	95. ISHARES TR S&P SMLCP GROW		2020-07-06	2020-12-02
	205. ISHARES MSCI EAFE GROWTH ETF		2018-01-03	2020-12-02
	47. SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND		2011-02-11	2020-12-02
	50. VANGUARD MID-CAP GROWTH INDEX ETF		2018-01-03	2020-12-02
	43. MARSH & MCLENNAN COS INC COM		2017-12-06	2020-12-04
	40. MURATA MFG CO LTD ADR UNSPON ADR		2020-01-16	2020-12-04
	2. FACEBOOK INC		2020-05-21	2020-12-07
	25. JULIS BAER GROUP LTD UN SPON ADR		2020-01-16	2020-12-07
	6. ALLEGION PLC SEDOL BFRT3W7		2018-02-09	2020-12-07
	26. INFINEON TECHNOLOGIES ADR		2018-03-13	2020-12-08
	29. NOVOZYMES A/S UNSPONSORED ADR		2020-03-25	2020-12-11
	91. BANK NEW YORK MELLON CORP COM		2017-12-06	2020-12-21
	33. BANK NEW YORK MELLON CORP COM		2020-05-26	2020-12-21
	51. CHINA MOBILE HK LTD SPON ADR		2019-03-27	2020-12-21
	1. ASML HOLDING NV-NY SEDOL B908F01		2020-01-16	2020-12-21
	5. CVS CAREMARK CORP		2018-03-07	2020-12-22
	13. CAPGEMINI SE - UNSPONSOR ADR SEDOL BF0ZJQ8		2020-01-16	2020-12-22
	6. COGNIZANT TECHNOLOGY SOLUTIONS		2020-05-08	2020-12-22
	4. ULTA BEAUTY INC		2017-12-06	2020-12-22
	62. PFIZER INC COM		2017-12-06	2020-12-31
	4. PFIZER INC COM		2020-01-10	2020-12-31
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	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	146	145	1
b	33,177	29,958	3,219
c	80,623	90,348	-9,725
d	272	164	108
e	196	137	59
	167	120	47
	240	255	-15
	187	194	-7
	182	172	10
	788	1,018	-230
	1,679	1,066	613
	516	326	190
	1,375	934	441
	412	418	-6
	1,871	1,987	-116
	1,644	999	645
	124	103	21
	30	23	7
	159	143	16
	125	115	10
	81	81
	49	64	-15
	117	130	-13
	268	520	-252
	79	116	-37
	94	75	19
	86	103	-17
	224	140	84
	73	89	-16
	33	48	-15
	161	157	4
	50	39	11
	38	51	-13
	96	97	-1
	179	147	32
	228	141	87
	72	86	-14
	40	54	-14
	43	54	-11
	82	88	-6
	564	519	45
	564	326	238
	110	104	6
	71	66	5
	53	64	-11
	136	113	23
	46	105	-59
	34	68	-34
	21	20	1
	27	26	1
	207	130	77
	27	20	7
	73	84	-11
	53	44	9
	7	7
	61	53	8
	217	158	59
	119	105	14
	96	54	42
	5,756	3,846	1,910
	1,076	693	383
	1,877	1,250	627
	1,542	862	680
	1,658	2,001	-343
	1,703	2,004	-301
	1,407	2,008	-601
	1,825	2,011	-186
	392	369	23
	403	371	32
	1,271	1,031	240
	1,475	2,007	-532
	1,132	1,819	-687
	152	110	42
	1,488	1,041	447
	2,545	3,446	-901
	540	524	16
	469	1,573	-1,104
	1,080	6,510	-5,430
	386	518	-132
	515	498	17
	137	96	41
	1,431	1,169	262
	380	274	106
	980	2,016	-1,036
	1,361	2,000	-639
	133	176	-43
	1,447	1,086	361
	703	2,222	-1,519
	1,932	1,315	617
	499	293	206
	1,175	2,018	-843
	247	477	-230
	493	1,339	-846
	1,186	1,781	-595
	1,038	2,071	-1,033
	725	563	162
	705	738	-33
	4	7	-3
	483	326	157
	1,305	1,280	25
	1,277	4,983	-3,706
	342	1,036	-694
	1,424	987	437
	1,704	1,427	277
	3,703	3,340	363
	860	2,009	-1,149
	1,278	954	324
	118	1,361	-1,243
	545	2,574	-2,029
	215	573	-358
	722	634	88
	766	419	347
	628	933	-305
	580	329	251
	481	1,578	-1,097
	1,071	5,377	-4,306
	804	1,066	-262
	604	601	3
	25	30	-5
	1,356	1,419	-63
	892	846	46
	1,644	1,353	291
	1,067	637	430
	20,334	18,587	1,747
	40,174	39,640	534
	10,158	12,499	-2,341
	53,104	70,590	-17,486
	1,273	1,197	76
	1,920	1,449	471
	1,401	1,018	383
	1,373	1,080	293
	81,120	80,000	1,120
	72,996	77,000	-4,004
	558	575	-17
	857	797	60
	591	563	28
	903	1,018	-115
	541	230	311
	664	763	-99
	488	406	82
	631	433	198
	867	584	283
	717	750	-33
	630	858	-228
	459	452	7
	557	523	34
	2,696	5,985	-3,289
	820	712	108
	1,378	2,008	-630
	1,657	2,262	-605
	1,255	2,014	-759
	88	128	-40
	77	90	-13
	96	155	-59
	94	125	-31
	37	74	-37
	179	227	-48
	188	213	-25
	407	460	-53
	55	48	7
	182	188	-6
	9	10	-1
	29	31	-2
	27	22	5
	69	78	-9
	150	171	-21
	233	169	64
	319	425	-106
	32	27	5
	36	33	3
	141	136	5
	98	95	3
	13	11	2
	10,005	9,195	810
	63,534	79,860	-16,326
	504	499	5
	606	545	61
	693	621	72
	401	327	74
	327	639	-312
	570	333	237
	377	266	111
	596	782	-186
	1,100	1,557	-457
	583	556	27
	1,583	905	678
	4	6	-2
	342	427	-85
	1,284	651	633
	1,232	679	553
	313	283	30
	1,549	1,803	-254
	1,333	1,378	-45
	1,187	1,375	-188
	712	665	47
	1,005	862	143
	1,081	797	284
	619	512	107
	486	250	236
	624	495	129
	906	945	-39
	761	560	201
	391	322	69
	889	709	180
	108	55	53
	1,292	565	727
	5,567	2,849	2,718
	867	772	95
	264	159	105
	1,494	2,088	-594
	24	31	-7
	24	29	-5
	21	32	-11
	26	31	-5
	30	31	-1
	40	55	-15
	11	16	-5
	15	16	-1
	21	23	-2
	8	9	-1
	70	83	-13
	26	31	-5
	24	31	-7
	19	19
	36	49	-13
	541	693	-152
	1,714	1,790	-76
	881	1,040	-159
	1,339	1,865	-526
	998	887	111
	893	630	263
	131	88	43
	304	260	44
	193	174	19
	1,378	1,109	269
	9	8	1
	1,750	1,458	292
	172	129	43
	468	431	37
	5,000	4,945	55
	524	395	129
	10,011	9,393	618
	5,066	4,846	220
	10,043	8,147	1,896
	19,917	16,750	3,167
	5,052	5,703	-651
	10,121	6,478	3,643
	4,990	3,636	1,354
	859	616	243
	575	471	104
	282	256	26
	677	473	204
	944	745	199
	1,591	1,223	368
	3,714	4,924	-1,210
	1,347	1,229	118
	1,434	2,626	-1,192
	470	300	170
	339	337	2
	377	334	43
	488	342	146
	1,055	887	168
	2,256	2,095	161
	146	150	-4
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607
			2,607

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			1
b			3,219
c			-9,725
d			108
e			59
			47
			-15
			-7
			10
			-230
			613
			190
			441
			-6
			-116
			645
			21
			7
			16
			10

			-15
			-13
			-252
			-37
			19
			-17
			84
			-16
			-15
			4
			11
			-13
			-1
			32
			87
			-14
			-14
			-11
			-6
			45
			238
			6
			5
			-11
			23
			-59
			-34
			1
			1
			77
			7
			-11
			9

			8
			59
			14
			42
			1,910
			383
			627
			680
			-343
			-301
			-601
			-186
			23
			32
			240
			-532
			-687
			42
			447
			-901
			16
			-1,104
			-5,430
			-132
			17
			41
			262
			106
			-1,036
			-639
			-43
			361
			-1,519
			617
			206
			-843
			-230
			-846
			-595
			-1,033
			162
			-33
			-3
			157
			25
			-3,706
			-694
			437
			277
			363
			-1,149
			324
			-1,243
			-2,029
			-358
			88
			347
			-305
			251
			-1,097
			-4,306
			-262
			3
			-5
			-63
			46
			291
			430
			1,747
			534
			-2,341
			-17,486
			76
			471
			383
			293
			1,120
			-4,004
			-17
			60
			28
			-115
			311
			-99
			82
			198
			283
			-33
			-228
			7
			34
			-3,289
			108
			-630
			-605
			-759
			-40
			-13
			-59
			-31
			-37
			-48
			-25
			-53
			7
			-6
			-1
			-2
			5
			-9
			-21
			64
			-106
			5
			3
			5
			3
			2
			810
			-16,326
			5
			61
			72
			74
			-312
			237
			111
			-186
			-457
			27
			678
			-2
			-85
			633
			553
			30
			-254
			-45
			-188
			47
			143
			284
			107
			236
			129
			-39
			201
			69
			180
			53
			727
			2,718
			95
			105
			-594
			-7
			-5
			-11
			-5
			-1
			-15
			-5
			-1
			-2
			-1
			-13
			-5
			-7

			-13
			-152
			-76
			-159
			-526
			111
			263
			43
			44
			19
			269
			1
			292
			43
			37
			55
			129
			618
			220
			1,896
			3,167
			-651
			3,643
			1,354
			243
			104
			26
			204
			199
			368
			-1,210
			118
			-1,192
			170
			2
			43
			146
			168
			161
			-4

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	-49,122
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

SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE

1 Reserved

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	500
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	500
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	500
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	764
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	764
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	264
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax250	Refunded	11	14

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 the instructions

for the 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 2020 or the taxable year beginning in 2020? 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 (2020)

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

N/A

The books are in care of bullet

PNC BANK NA Telephone no. bullet

(412) 762-5157

Located at bullet

116 ALLEGHENY CENTER MALLPITTSBURGHPA ZIP+4 bullet

15212

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 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

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 2020?.............

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 2020, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2020?.............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 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.)..................

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 2020?

Form 990-PF (2020)

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
WILLIAM MICHAEL VALE	PRESIDENT/TRUSTEE 1	0
C/O PNC BANK 116 ALLEGHENY CENTER PITTSBURGH,PA15212	PRESIDENT/TRUSTEE 1	0
ROBERT A VALE	VICE PRESIDENT/TRUSTEE 1	0
C/O PNC BANK 116 ALLEGHENY CENTER PITTSBURGH,PA15212	VICE PRESIDENT/TRUSTEE 1	0
ROBERT W VALE	SECRETARY/TREASURER/TRUSTEE 1	0
C/O PNC BANK 116 ALLEGHENY CENTER PITTSBURGH,PA15212	SECRETARY/TREASURER/TRUSTEE 1	0

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 (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............. 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 (2020)

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

2,476,399

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

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

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

2,476,399

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

2,476,399

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

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

37,146

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

2,439,253

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

121,963

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

121,963

Tax on investment income for 2020 from Part VI, line 5......

500

Income tax for 2020. (This does not include the tax from Part VI.)...

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

500

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

121,463

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

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

121,463

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

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

121,463

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 ..........

123,227

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

123,227

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

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

123,227

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)

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					121,463
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				119,296
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......	0
d From 2018......	0
e From 2019......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 123,227
a Applied to 2019, but not more than line 2a				119,296
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.....					3,931
e Remaining amount distributed out of corpus		0
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		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 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 ..........					117,532
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 ......		0
10 Analysis of line 9:
a Excess from 2016....	0
b Excess from 2017....	0
c Excess from 2018....	0
d Excess from 2019....	0
e Excess from 2020....	0

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 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) 2020	(b) 2019	(c) 2018	(d) 2017	(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 email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
PALMER TRINITY SCHOOL 7900 SOUTHWEST 176TH STREET PALMETTO BAY,FL33157	NONE	PC	ACADEMIC SCHOLARSHIPS	29,824
RANDOLPH COLLEGE 2500 RIVERMONT AVENUE LYNCHBURG,VA24503	NONE	PC	ACADEMIC SCHOLARSHIPS	29,824
DARTMOUTH COLLEGE 6066 DEVELOPMENT OFFICE HANOVER,NH03755	NONE	PC	ACADEMIC SCHOLARSHIPS	29,824
EDCHOICE 111 MONUMENT CIRCLE SUTIE 2650 INDIANAPOLIS,IN46282	NONE	PC	EDUCATIONAL CHOICE PROGRAM	29,824
Total ................................. 3a				119,296

bApproved for future payment

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

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	(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	52,190
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	-49,122
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFEDERAL TAX REFUND			14	11,628
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				14,696

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

14,696

(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 (2020)

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 instructions. 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 (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Stock	End of Year Book Value	End of Year Fair Market Value
1317205 AIA GROUP LTD SPONSORE	7,031	9,286
2824100 ABBOTT LABORATORIES IN	6,794	13,577
6754204 ADECCO GROUP SA	1,846	1,963
9126202 AIR LIQUIDE ADR	2,944	3,651
9279100 AIRBUS SE ADR	2,497	2,049
15393101 ALFA LAVAL AB-UNSPON	1,853	2,115
18820100 ALLIANZ SE - UNSP ADR	4,489	4,807
20002101 ALLSTATE CORP	5,239	5,606
26874784 AMERICAN INTERNATIONA	6,980	5,603
32095101 AMPHENOL CORP NEW CL	7,424	11,246
39483102 ARCHER DANIELS MIDLAN	4,062	4,991
49255706 ATLAS COPCO AB SPONSO	3,821	6,079
53015103 AUTOMATIC DATA PROCES	5,273	5,638
105105209 BRAMBLES LTD-SPONSOR	1,673	1,841
125523100 CIGNA CORP	4,787	5,413
126650100 CVS HEALTH CORPORATI	4,337	5,191
136375102 CANADIAN NATL RAILWA	1,347	1,977
142795202 CARLSBERG AS SPON AD	2,049	2,153
149123101 CATERPILLAR INC	4,131	6,189
171269103 CHUGAI PHARMACEUTIC-	1,814	4,150
192446102 COGNIZANT TECHNOLOGY	3,644	5,245
204280309 COMPAGNIE DE SAINT-U	1,772	2,057
205887102 CONAGRA BRANDS INC	3,810	4,641
237545108 DASSAULT SYSTEMS SA	4,616	6,110
251542106 DEUTSCHE BOERSE AG U	1,824	1,893
254687106 DISNEY WALT CO	3,862	6,885
254709108 DISCOVER FINANCIAL W	5,338	5,522
256746108 DOLLAR TREE INC	4,781	5,402
281020107 EDISON INTL	5,484	5,026
307305102 FANUC CORP ADR	3,365	3,728
344419106 FOMENTO ECONOMICO ME	3,110	2,803
433578507 HITACHI LTD ADR 10 C	2,039	1,985
438516106 HONEYWELL INTL INC	5,287	5,318
455793109 INDUSTRIA DE DISENO	2,983	2,935
458140100 INTEL CORP	4,373	4,783
459506101 INTERNATIONAL FLAVOR	6,804	5,660
465562106 ITAU UNIBANCO BANCO	3,903	3,094
478160104 JOHNSON & JOHNSON	4,524	5,036
500458401 KOMATSU LTD SPON ADR	4,153	4,734
500467501 KONINKLIJKE AHOLD DE	1,299	1,665
500472303 KONINKLIJKE PHILLIPS	1,759	1,896
501173207 KUBOTA CORP SPON ADR	2,532	3,310
502117203 L OREAL CO UNSPONSOR	3,354	5,711
548661107 LOWES COMPANIES INC	2,501	4,815
589339209 MERCK KGAA-SPONSORED	2,320	3,025
594918104 MICROSOFT CORP	10,068	18,683
609207105 MONDELEZ INTERNATION	4,093	5,438
620076307 MOTOROLA SOLUTIONS I	4,865	4,762
626425102 MURATA MFG CO LTD AD	1,354	1,994
641069406 NESTLE S.A. SPONSORE	2,897	4,241
654106103 NIKE INC CLASS B	7,409	10,752
666807102 NORTHROP GRUMMAN COR	4,081	4,266
670108109 NOVOZYMES A/S UNSPON	1,456	1,598
714264207 PERNOD RICARD SA UNS	2,263	2,953
717081103 PFIZER INC	4,507	4,896
756255204 RECKITT BENCKISER-SP	1,525	1,685
767204100 RIO TINTO PLC SPONSO	2,850	4,062
771195104 ROCHE HOLDING LTD SP	5,294	7,014
780259107 ROYAL DUTCH SHELL PL	3,195	2,117
803054204 SAP SE SPONSORED ADR	7,533	8,475
808513105 SCHWAB CHARLES CORP	10,581	11,457
818800104 SGS S.A. UNSPONSORED	1,544	1,770
824667109 SHIONOGI & CO LTD-UN	1,618	1,534
826197501 SIEMENS AG SPON ADR	2,901	3,015
858912108 STERICYCLE INC	6,808	9,429
872540109 TJX COMPANIES INC NE	7,620	9,765
874039100 TAIWAN SEMICONDUCTOR	4,774	11,122
903480101 UCB SA - UNSPONSORED	1,980	1,720
904767704 UNILEVER PLC W/I SPO	2,664	3,078
989825104 ZURICH INS GROUP LTD	1,762	1,942
75513E101 RAYTHEON TECHNOLOGIE	5,614	5,149
23328E106 DNB ASA-SPONSOR ADR	2,019	2,157
74975E303 RWE AG SPONSORED ADR	1,516	1,910
00206R102 AT&T INC	1,349	4,256
00687A107 ADIDAS AG SPONSORED	2,049	3,294
00783V104 ADYEN NV-UNSPON ADR	3,630	8,259
01609W102 ALIBABA GROUP HOLDIN	4,361	4,887
02079K107 ALPHABET INC/CA-CL C	5,091	8,759
02263T104 AMADEUS IT GROUP S A	951	977
02319V103 AMBEV SA-SPN ADR ADR	2,913	2,246
03027X100 AMERICAN TOWER CORP	4,212	4,040
03485P300 ANGLO AMERICAN PLC-S	2,449	3,058
05523R107 BAE SYSYTEMS PLC SPO	1,753	1,466
05946K101 BANCO BILBAO VIZCAYA	4,846	3,008
11135F101 BROADCOM INC	3,452	5,692
12514G108 CDW CORP/DE	9,591	10,280
13961R100 CAPGEMINI SE - UNSPO	1,670	2,004
14149Y108 CARDINAL HEALTH INC	5,559	5,356
17275R102 CISCO SYSTEMS INC	2,678	5,370
20030N101 COMCAST CORPORATION	4,461	6,078
20825C104 CONOCOPHILLIPS	5,753	5,359
23304Y100 DBS GROUP HLDGS LTD	7,431	7,225
23636T100 DANONE SPONS ADR	2,121	1,690
25157Y202 DEUTSCHE POST AG SPO	2,365	2,891
25243Q205 DIAGEO PLC SPONSORED	2,674	2,700
26614N102 DUPONT DE NEMOURS IN	6,765	6,115
29265W207 ENEL SPA ADR	1,430	2,060
29429L105 EPIROC AKTIEBOLAG-UN	1,470	2,782
29476L107 EQUITY RESIDENTIAL S	5,151	4,861
30303M102 FACEBOOK INC	5,797	9,561
35952Q106 FUCHS PETROLUB SE-PR	1,092	1,053
40415F101 HDFC BANK LTD SPON -	1,521	2,240
45104G104 ICICI BANK LTD SPON	1,706	2,690
45662N103 INFINEON TECHNOLOGIE	4,455	8,789
46266C105 IQVIA HOLDINGS INC	10,830	18,813
48137C108 JULIS BAER GROUP LTD	1,719	1,942
48241F104 KBC GROEP NV UNSP AD	1,591	1,779
54338V101 LONZA GROUP AG UNSPO	2,081	4,998
57636Q104 MASTERCARD INC CL A	7,323	17,847
58933Y105 MERCK & CO INC	3,371	4,826
65479L108 NITORI HLDGS CO LTD-	1,273	2,097
65558R109 NORDEA BANK ABP - SP	1,842	1,844
68389X105 ORACLE CORP	2,642	5,369
69343P105 LUKOIL PJSC-SPON ADR	2,470	1,914
72341E304 PING AN INSURANCE (G	2,568	2,867
74365P108 PROSUS NV -SPON ADR	2,121	2,776
80007R105 SANDS CHINA LTD UNSP	3,386	2,967
80105N105 SANOFI SPONSORED ADR	1,934	1,846
80687P106 SCHNEIDER ELECTRIC S	3,121	4,690
83175M205 SMITH & NEPHEW P/C S	1,961	1,687
83569C102 SONOVA HLDG AG ADR	1,613	2,627
87155N109 SYMRISE AG UNSPON AD	1,885	3,094
87184P109 SYSMEX CORP UNSPONSO	2,401	3,429
87974R208 TEMENOS AG ADR SEDOL	2,201	2,124
88032Q109 TENCENT HOLDINGS LTD	3,127	4,745
89832Q109 TRUIST FINANCIAL COR	5,922	6,039
90384S303 ULTA BEAUTY INC	1,553	2,010
90460M204 UNI CHARM CORP SPON	3,056	4,344
92343V104 VERIZON COMMUNICATIO	4,432	5,170
92345Y106 VERISK ANALYTICS INC	5,072	10,795
92556V106 VIATRIS INC-W/I	241	300
98850P109 YUM CHINA HOLDINGS I	1,619	1,713
98978V103 ZOETIS INC	5,348	11,420
G0176J109 ALLEGION PLC SEDOL B	2,418	3,608
G5494J103 LINDE PLC SEDOL BZ12	1,743	2,899
G6095L109 APTIV PLC-WHEN ISSUE	6,456	10,163
H01301128 ALCON INC SEDOL BJXB	2,388	2,507
M22465104 CHECK POINT SOFTWARE	3,579	4,519
N07059210 ASML HOLDING NV-NY S	1,201	1,951
N97284108 YANDEX INV A ISIN NL	673	1,740

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
MUTUAL FUNDS FIXED
MUTUAL FUNDS EQUITY
ETF FIXED
ETF EQUITY
316092857 FIDELITY REAL ESTATE	AT COST	70,888	81,698
317609295 SEAFARER OVERSEAS GR	AT COST	66,205	88,467
413838657 OAKMARK INTL SM CAP-	AT COST	98,915	105,451
464287200 ISHARES CORE S&P 500	AT COST	120,678	213,597
464287226 ISHARES CORE US AGGR	AT COST	100,741	108,144
464287465 ISHARES MSCI EAFE ET	AT COST	80,131	87,698
464287473 ISHARES RUSSELL MID-	AT COST	117,201	126,630
464287507 ISHARES CORE S&P MID	AT COST	81,225	111,238
464287804 ISHARES CORE S&P SMA	AT COST	63,841	75,909
464287887 ISHARES S&P SMALL CA	AT COST	74,310	108,585
464288646 ISHARES TRUST ISHARE	AT COST	190,026	198,833
464288885 ISHARES MSCI EAFE GR	AT COST	66,920	82,645
552746364 MFS EMERGING MKTS DE	AT COST	66,500	67,904
592905749 METROPOLITAN WEST UN	AT COST	50,000	51,105
922908538 VANGUARD MID-CAP GRO	AT COST	84,081	137,633
46090E103 INVESCO QQQ TRUST ET	AT COST	42,297	49,257
09260B382 BLACKROCK STRATEGIC	AT COST	95,471	97,249
52106N459 LAZARD GLOBAL LISTED	AT COST	110,000	106,579
78468R622 SPDR BLOOMBERG BARCL	AT COST	103,001	100,334
97717X669 WISDOMTREE U.S. QUAL	AT COST	30,389	35,344

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
MAP MANAGEMENT FEES	1,783	1,783		0
ADR SERVICE FEES	210	210		0

Category	Amount	Net Investment Income
FOREIGN TAXES	775	775
FOREIGN TAXES ON QUALIFIED FOR	419	419
FOREIGN TAXES ON NONQUALIFIED	396	396

Description	Amount
ADJ FOR ROUNDING TRANSACTIONS AND SALES	11
2020 TRANSACTIONS POSTED IN 2021	664
RETURN OF CAPITAL ADJUSTMENT	172
WASH SALES ADJUSTMENT	30
GAIN FROM SALE NOT SETTLED AT YEAR END	161