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
FRANK L WEDGE MEMORIAL FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

41-6189525
B Telephone number (see instructions)

(701) 241-8220
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$4,544,569J 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... 93,849 92,356  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -3,008
b Gross sales price for all assets on line 6a 1,580,983
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)....... Click to see attachment 35,844 6  
12 Total. Add lines 1 through 11........ 126,685 92,362  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 49,574 44,616   4,957
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 1,000 0 0 1,000
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,695 1,235   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 4 4    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 53,273 45,855 0 5,957
25 Contributions, gifts, grants paid....... 185,000 185,000
26 Total expenses and disbursements. Add lines 24 and 25 238,273 45,855 0 190,957
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -111,588
b Net investment income (if negative, enter -0-) 46,507
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......... 99,298 70,512 70,512
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)....... 2,245,539 Click to see attachment1,831,690 2,513,609
c Investments—corporate bonds (attach schedule)....... 1,481,939 Click to see attachment1,353,766 1,383,305
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment470,778 575,350
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment2,983 Click to see attachment1,793 Click to see attachment1,793
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,829,759 3,728,539 4,544,569
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........ 3,829,759 3,728,539
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)..... 3,829,759 3,728,539
30 Total liabilities and net assets/fund balances (see instructions). 3,829,759 3,728,539
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
3,829,759
2
Enter amount from Part I, line 27a .....................
2
-111,588
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
19,363
4
Add lines 1, 2, and 3 ..........................
4
3,737,534
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
8,995
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,728,539
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 50000. CISCO SYSTEMS 4.450% 1/15/20   2010-04-12 2020-01-15
b 8204.822 DOUBLELINE TOTAL RET BD I   2019-06-19 2020-01-15
c 3861.004 DOUBLELINE TOTAL RET BD I   2018-12-12 2020-01-15
d 240. ISHARES S P U S PREFERRED STOCK ETF   2016-11-09 2020-01-15
e 350. ISHARES MSCI USA MIN VOLATILITY ETF   2018-04-26 2020-01-15
3961.8156 STONE RIDGE REINSUR RISK PRE   2018-06-29 2020-02-28
175. AMERICAN CAMPUS COMMUNITIES     2020-03-09
5. AMERICAN TOWER CORP   2018-04-26 2020-03-09
14225.085 DOUBLELINE TOTAL RET BD I   2019-06-19 2020-03-09
25. GILEAD SCIENCES INC     2020-03-09
175. HORMEL FOODS CORPORATIONCOM   2019-12-17 2020-03-09
215. HORMEL FOODS CORPORATIONCOM   2018-04-26 2020-03-09
1765. ISHARES CORE MSCI EAFE ETF   2019-06-19 2020-03-09
1345. ISHARES CORE MSCI EMERGING MKTS ETF   2020-01-15 2020-03-09
4000. ISHARES IBONDS DEC 2021 TERM ETF     2020-03-09
110. MAGNA INTL INC-CL A   2019-11-01 2020-03-09
105. MAGNA INTL INC-CL A   2016-09-22 2020-03-09
55. MICROSOFT CORP   2017-01-04 2020-03-09
100. STANDARD & POORS DEPOSITARY RECEIPTS   2018-06-12 2020-03-09
29. UNITEDHEALTH GRP INC COM   2011-03-03 2020-03-09
10. WAL MART STORES INC   2019-11-01 2020-03-09
500. ISHARES INTERNATIONAL SELECT DIV ETF   2017-01-04 2020-05-13
5313.456 JPMORGAN TR I US SMALL CO FD INSTL CL     2020-05-13
300. DELTA AIR LINES INC   2018-04-26 2020-05-14
73. DELTA AIR LINES INC   2020-03-09 2020-05-14
250. ISHARES CORE TOTAL US BOND MARKETETF   2020-03-09 2020-05-21
225. ISHARES INTERNATIONAL SELECT DIV ETF   2017-01-04 2020-05-21
5041.966 JPMORGAN TR I US SMALL CO FD INSTL CL     2020-05-21
58. GILEAD SCIENCES INC   2019-11-01 2020-05-27
85. GILEAD SCIENCES INC   2012-07-19 2020-05-27
423.7525 STONE RIDGE REINSUR RISK PRE   2018-06-29 2020-05-29
55.033 FIDELITY INVT TR AD INTL DISCI   2015-12-09 2020-06-01
100. ISHARES CORE MSCI EAFE ETF   2019-06-19 2020-06-01
924.314 MFS MID CAP VALUE I     2020-06-01
45.847 ROWE T PRICE MID CAP GROWTH FD INC   2018-06-12 2020-06-01
50. STANDARD & POORS DEPOSITARY RECEIPTS     2020-06-01
775. ISHARES 20 YEAR TREASURY BOND ETF   2020-03-09 2020-06-10
41.00015 MOTOROLA SOLUTIONS INC   2019-12-17 2020-06-12
27.99985 MOTOROLA SOLUTIONS INC   2019-12-17 2020-06-12
46. 3M CO COM   2019-11-01 2020-06-12
36. WAL MART STORES INC     2020-06-12
40000. JPM 24M BCOM 2X LBR MTN 6/30/20   2018-06-26 2020-06-30
110.407 FIDELITY INVT TR AD INTL DISCI   2015-12-09 2020-07-16
287. INVESCO QQQ TRUST ETF     2020-07-16
575. ISHARES S P U S PREFERRED STOCK ETF   2019-11-01 2020-07-16
335. ISHARES MSCI USA MIN VOLATILITY ETF     2020-07-16
375. ISHARES CORE MSCI EMERGING MKTS ETF     2020-07-16
80. STANDARD & POORS DEPOSITARY RECEIPTS     2020-07-16
70. ALBEMARLE CORP   2018-08-10 2020-08-14
92. ALBEMARLE CORP     2020-08-14
3. AMAZON COM INC   2018-04-26 2020-08-14
75. BP PLC SPONSORED ADR   2018-04-26 2020-08-14
260. BP PLC SPONSORED ADR     2020-08-14
12. BOEING COMPANY   2020-03-09 2020-08-14
20. BOEING COMPANY   2018-08-10 2020-08-14
268. CABOT OIL & GAS CORP CL A   2019-11-01 2020-08-14
275. FOOT LOCKER INC COM     2020-08-14
160. FOOT LOCKER INC COM   2018-04-26 2020-08-14
23. MASTERCARD INC   2012-07-18 2020-08-14
38. VISA INC   2018-05-02 2020-08-14
7. ALPHABET INC CL A   2018-05-02 2020-10-09
50000. MEDTRONIC INC 3.625% 3/15/24   2018-06-14 2020-10-29
490. MYLAN NV   2018-05-02 2020-11-17
335. ISHARES RUSSELL 2000 INDEX FUND   2020-07-16 2020-11-23
100. ISHARES CORE MSCI EAFE ETF   2019-06-19 2020-11-23
310. ISHARES CORE MSCI EMERGING MKTS ETF   2019-11-01 2020-11-23
703.675 MFS MID CAP VALUE I   2019-06-19 2020-11-23
137.394 ROWE T PRICE MID CAP GROWTH FD INC     2020-11-23
.0898 VIATRIS INC   2018-05-02 2020-11-30
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 50,000   50,025 -25
b 87,874   87,792 82
c 41,351   40,000 1,351
d 9,097   9,094 3
e 23,384   18,235 5,149
31,140   36,053 -4,913
7,544   7,492 52
1,158   688 470
157,045   152,208 4,837
1,939   1,075 864
7,401   7,847 -446
9,093   7,827 1,266
95,273   107,065 -11,792
60,080   73,681 -13,601
100,438   98,437 2,001
4,397   6,025 -1,628
4,197   4,428 -231
8,291   3,446 4,845
27,566   27,887 -321
7,647   1,303 6,344
1,154   1,177 -23
11,540   15,024 -3,484
69,500   82,932 -13,432
5,691   16,044 -10,353
1,385   3,157 -1,772
29,345   29,775 -430
5,245   6,761 -1,516
72,655   77,924 -5,269
4,265   3,754 511
6,250   2,261 3,989
3,326   3,856 -530
2,340   2,149 191
5,654   6,066 -412
19,540   21,958 -2,418
4,250   4,328 -78
15,203   13,735 1,468
123,992   138,913 -14,921
5,789   6,652 -863
3,953   4,543 -590
7,166   7,806 -640
4,296   3,182 1,114
33,331   40,000 -6,669
5,050   4,311 739
74,349   57,675 16,674
20,208   21,499 -1,291
20,804   16,720 4,084
19,005   20,069 -1,064
25,626   21,463 4,163
6,458   7,003 -545
8,488   6,754 1,734
9,428   4,547 4,881
1,718   3,362 -1,644
5,957   8,398 -2,441
2,139   2,847 -708
3,565   6,795 -3,230
5,339   4,998 341
7,809   10,261 -2,452
4,543   6,858 -2,315
7,518   1,006 6,512
7,473   4,815 2,658
10,516   7,251 3,265
55,465   50,171 5,294
7,720   18,362 -10,642
60,098   48,884 11,214
6,664   6,066 598
18,414   16,064 2,350
18,000   16,586 1,414
15,340   12,936 2,404
2   3 -1
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
      15,800
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       -25
b       82
c       1,351
d       3
e       5,149
      -4,913
      52
      470
      4,837
      864
      -446
      1,266
      -11,792
      -13,601
      2,001
      -1,628
      -231
      4,845
      -321
      6,344
      -23
      -3,484
      -13,432
      -10,353
      -1,772
      -430
      -1,516
      -5,269
      511
      3,989
      -530
      191
      -412
      -2,418
      -78
      1,468
      -14,921
      -863
      -590
      -640
      1,114
      -6,669
      739
      16,674
      -1,291
      4,084
      -1,064
      4,163
      -545
      1,734
      4,881
      -1,644
      -2,441
      -708
      -3,230
      341
      -2,452
      -2,315
      6,512
      2,658
      3,265
      5,294
      -10,642
      11,214
      598
      2,350
      1,414
      2,404
      -1
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 -3,008
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................................ 1 646
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........................... 3 646
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- ..... 5 646
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,920
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 2,920
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,274
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet648 RefundedBullet 11 1,626
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)
    bulletND
    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 addressbulletN/A
    14
    The books are in care ofbulletUS BANK NATIONAL ASSOCIATION Telephone no.bullet (701) 280-3623

    Located atbullet505 2ND AVE NFARGOND ZIP+4bullet58102
    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
     
     
    .........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
    US BANK N A TRUSTEE
    1     		49,574    
    PO BOX 0634
    MILWAUKEE,WI532010634
    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
    4,007,058
    b
    Average of monthly cash balances.......................
    1b
    65,183
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,072,241
    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
    4,072,241
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    61,084
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,011,157
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    200,558
    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
    200,558
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    646
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    646
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    199,912
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    199,912
    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
    199,912
    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
    190,957
    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
    190,957
    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
    190,957
    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 7 199,912
    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...... 0
    d From 2018...... 6,947
    e From 2019...... 0
    fTotal of lines 3a through e........ 6,947
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 190,957
    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..... 190,957
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 6,947 6,947
    (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 ..........     		2,008
    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)
    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).)
    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
    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)
    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
    ELM CREST MANOR
    100 ELM AVE
    NEW SALEM,ND58563     		NONE N/A GENERAL SUPPORT 10,000
    WOODSIDE VILLAGE
    4000 24TH AVE SO
    GRAND FORKS,ND58201     		NONE PUBLIC GENERAL SUPPORT 10,000
    MOUNTRAIL BETHEL HOME
    615 6TH ST SE
    STANLEY,ND58784     		NONE PC GENERAL OPERATING 10,000
    NORTHWOOD DEACONESS HEALTH CENTER
    4 NORTH PARK STREET
    NORTHWOOD,ND58267     		NONE PC GENERAL OPERATING 10,000
    ST LUKE'S HOME
    242 10TH ST W
    DICKINSON,ND58601     		NONE PC GENERAL OPERATING 10,000
    WESTERN HORIZONS LIVING CENTERS
    1104 HIGHWAY 12
    HETTINGER,ND586397533     		NONE PC GENERAL OPERATING 10,000
    BETHANY ON 42ND
    4255 30TH AVENUE S
    FARGO,ND581048427     		NONE PC GENERAL OPERATING 10,000
    PEMBINA COUNTY MEMORIAL HOSPITAL
    301 MOUNTAIN ST E
    CAVALIER,ND582204015     		NONE PC GENERAL OPERATING 10,000
    BENEDICTINE LIVING COMMUNITIES
    609 4TH AVE NE
    GARRISON,ND58540     		NONE PC GENERAL OPERATING 20,000
    BAPTIST HEALTH CARE CENTER
    3400 NEBRASKA DRIVE
    BISMARCK,ND58503     		NONE PC GENERAL OPERATING 10,000
    ST GERARDS COMMUNITY OF CARE
    613 FIRST AVENUE SW - BOX 448
    HANKINSON,ND580414409     		NONE PC GENERAL OPERATING 10,000
    BETHANY ON UNIVERSITY
    201 UNIVERSITY DR SO
    FARGO,ND58103     		NONE PC GENERAL OPERATING 5,000
    LUTHERAN HOME OF THE GOOD SHEPHERD
    1226 1ST AVE N
    NEW ROCKFORD,ND583561415     		NONE PC GENERAL OPERATING 10,000
    ST GABRIELS COMMUNITY
    4580 COLEMAN ST
    BISMARCK,ND58503     		NONE PC GENERAL OPERATING 10,000
    GRIGGS COUNTY CARE CENTER
    1200 ROBERTS AVE NE
    COOPERSTOWN,ND58425     		NONE PC GENERAL SUPPORT 10,000
    EVENTIDE AT SHEYENNE CROSSINGS
    125 13TH AVE W
    WEST FARGO,ND58078     		NONE PC GENERAL OPERATING 10,000
    EVENTIDE DEVILS LAKE
    302 7TH AVENUE NE
    DEVILS LAKE,ND58301     		NONE PC GENERAL OPERATING 10,000
    HIT INC
    1007 18TH STREET NW
    MANDAN,ND58554     		NONE PC GENERAL OPERATING 10,000
    Total .................................bullet 3a 185,000
    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 93,849  
    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 -3,008  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL TAX REFUND     		    1 35,838  
    bOTHER INCOME     1 6  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   126,685  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    126,685
    (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:
    FRANK L WEDGE MEMORIAL FUND
    EIN:
    41-6189525
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,000     1,000

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    FRANK L WEDGE MEMORIAL FUND
    EIN:
    41-6189525
    Name of Bond End of Year Book Value End of Year Fair Market Value
    46434VAX8 ISHARES IBONDS DEC 2 98,283 105,080
    31420B300 FEDERATED INST HI YL 170,300 173,098
    17275RAH5 CISCO SYSTEMS    
    46434VBG4 ISHARES IBONDS DEC 2 97,513 106,320
    464288687 ISHARES S P U S PRE 110,230 115,530
    46434VBK5 ISHARES IBONDS DEC 2    
    46434VBA7 ISHARES IBONDS DEC 2 98,527 102,280
    06406RAG2 BANK OF NY MTN 49,991 53,621
    72369L107 PIONEER ILS INTERVAL 151,500 142,925
    258620103 DOUBLELINE TOTAL RET    
    46647MRZ8 JPM 24M BCOM 2X LBR    
    861729101 STONE RIDGE REINSUR 22,591 20,094
    585055BC9 MEDTRONIC INC    
    464287226 ISHARES CORE TOTAL U 554,831 564,357

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    FRANK L WEDGE MEMORIAL FUND
    EIN:
    41-6189525
    Name of Stock End of Year Book Value End of Year Fair Market Value
    779556109 ROWE T PRICE MID-CAP 106,937 209,019
    00206R102 ATT INC 9,843 8,455
    03027X100 AMERICAN TOWER CORP 10,034 31,424
    060505104 BANK OF AMERICA CORP 21,820 28,734
    315910620 FIDELITY INVT TR AD 102,299 138,739
    037833100 APPLE INC 10,692 41,399
    437076102 HOME DEPOT INC 8,448 18,593
    G1151C101 ACCENTURE PLC CL A 652 5,224
    464288448 ISHARES INTERNATIONA 92,399 90,620
    56585A102 MARATHON PETROLEUM C 29,690 25,106
    594918104 MICROSOFT CORP 17,855 63,390
    559222401 MAGNA INTL INC CL    
    57636Q104 MASTERCARD INC 4,396 16,776
    46429B697 ISHARES MSCI USA MIN 57,643 87,565
    H1467J104 CHUBB LTD 13,098 25,551
    06828M876 BARON EMERGING MARKE 88,681 141,183
    375558103 GILEAD SCIENCES INC 13,397 12,060
    024835100 AMERICAN CAMPUS COMM    
    91324P102 UNITED HEALTH GROUP 2,111 16,482
    46625H100 J P MORGAN CHASE CO 17,852 29,989
    440452100 HORMEL FOODS CORP    
    02079K305 ALPHABET INC CL A 13,465 22,784
    92826C839 VISA INC 7,855 13,561
    882508104 TEXAS INSTRUMENTS IN 14,630 22,650
    023135106 AMAZON.COM INC 25,881 52,111
    78462F103 SPDR S P 500 ETF 124,353 175,724
    344849104 FOOT LOCKER INC    
    247361702 DELTA AIR LINES INC    
    055622104 BP PLC SPONS A D R    
    438516106 HONEYWELL INTERNATIO 23,279 33,181
    88579Y101 3M CO 23,684 21,674
    097023105 BOEING CO    
    958102105 WESTERN DIGITAL CORP 14,624 12,740
    N59465109 MYLAN NV    
    931142103 WAL MART STORES INC 18,036 26,524
    012653101 ALBEMARLE CORP 8,924 19,915
    20030N101 COMCAST CORP CL A 20,568 29,606
    922908553 VANGUARD REIT ETF 90,666 97,670
    12572Q105 CME GROUP INC 26,855 24,759
    031162100 AMGEN INC 13,106 13,795
    127097103 CABOT OIL GAS CORP C 8,320 7,847
    55272P596 MFS MID CAP VALUE I 111,332 126,423
    92343V104 VERIZON COMMUNICATIO 16,065 15,863
    620076307 MOTOROLA SOLUTIONS I 8,006 8,843
    57772K101 MAXIM INTEGRATED PRO 15,761 23,049
    17275R102 CISCO SYSTEMS INC 26,972 27,298
    4812A1696 JPMORGAN TR I US SMA    
    464287499 ISHARES RUSSELL MIDC 204,561 265,631
    46434G103 ISHARES CORE MSCI EM 111,384 140,210
    46432F842 ISHARES CORE MSCI EA 158,929 181,016
    002824100 ABBOTT LABORATORIES 17,810 23,540
    808513105 SCHWAB CHARLES CORP 21,352 29,968
    09247X101 BLACKROCK INC 11,275 16,595
    N53745100 LYONDELLBASELL INDUS 15,128 14,666
    717081103 PFIZER INC 20,645 21,387
    98419M100 XYLEM INC 15,084 22,801
    855244109 STARBUCKS CORP 7,854 10,698
    92556V106 VIATRIS INC 19,496 10,532
    87612E106 TARGET CORP 7,943 10,239

    TY 2020 InvestmentsOtherSchedule2
    Name:
    FRANK L WEDGE MEMORIAL FUND
    EIN:
    41-6189525
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    46090E103 INVESCO QQQ TRUST ET AT COST 89,479 145,262
    464287200 ISHARES S P 500 E T AT COST 140,117 159,541
    19765P596 COLUMBIA SMALL CAP G AT COST 46,680 47,875
    464287655 ISHARES RUSSELL 2000 AT COST 71,502 96,069
    74440B884 PGIM TOTAL RETURN BO AT COST 123,000 126,603

    TY 2020 OtherAssetsSchedule
    Name:
    FRANK L WEDGE MEMORIAL FUND
    EIN:
    41-6189525
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INCOME   0 0
    000000000 MISCELLANEOUS ENTRY 2,983 1,793 1,793


    TY 2020 OtherDecreasesSchedule
    Name:
    FRANK L WEDGE MEMORIAL FUND
    EIN:
    41-6189525
    Description Amount
    PY RETURN OF CAPITAL ADJ 37
    COST BASIS ADJUSTMENT 8,958


    TY 2020 OtherExpensesSchedule
    Name:
    FRANK L WEDGE MEMORIAL FUND
    EIN:
    41-6189525
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 4 4   0


    TY 2020 OtherIncomeSchedule2
    Name:
    FRANK L WEDGE MEMORIAL FUND
    EIN:
    41-6189525
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 35,838 0  
    OTHER INCOME 6 6  


    TY 2020 OtherIncreasesSchedule
    Name:
    FRANK L WEDGE MEMORIAL FUND
    EIN:
    41-6189525
    Description Amount
    ROC ADJ OF CY SALES 19,363


    TY 2020 TaxesSchedule
    Name:
    FRANK L WEDGE MEMORIAL FUND
    EIN:
    41-6189525
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,031 1,031   0
    FEDERAL ESTIMATES - PRINCIPAL 1,460 0   0
    FOREIGN TAXES ON NONQUALIFIED 204 204   0