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.
bullet

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
MICHAEL W LOUIS PRIVATE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)710 NORTH STREET
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LAKE GENEVA, WI53147

A Employer identification number

81-3941498

B Telephone number (see instructions)

(262) 384-3700

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

$13,716,555J 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	(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	39		39
4	Dividends and interest from securities...	812,263		808,060
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		640,012
b	Gross sales price for all assets on line 6a 4,423,557
7	Capital gain net income (from Part IV, line 2)...			640,012
8	Net short-term capital gain.........
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).......		4,574	4,574
12	Total. Add lines 1 through 11........	1,456,888		1,452,685
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		11,900	11,900	0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		55,053	55,053	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		35,183	2,891	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		33,260	33,260	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	135,396		103,104	0
25	Contributions, gifts, grants paid.......	555,000			555,000
26	Total expenses and disbursements. Add lines 24 and 25	690,396		103,104	555,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	766,492
b	Net investment income (if negative, enter -0-)			1,349,581
c	Adjusted net income (if negative, enter -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.............	167,370	173,549	173,549
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	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
	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).......	0	5,357,968	7,300,058
	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)..........	6,055,234	1,464,784	6,242,948
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	6,222,604	6,996,301	13,716,555
	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	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........	5,952,379	5,952,838
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	270,225	1,043,463
	29	Total net assets or fund balances (see instructions).....	6,222,604	6,996,301
	30	Total liabilities and net assets/fund balances (see instructions).	6,222,604	6,996,301

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

6,222,604

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

766,492

Other increases not included in line 2 (itemize) bullet

18,670

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

7,007,766

Decreases not included in line 2 (itemize) bullet

11,465

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

6,996,301

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	EDGBASTON ASIAN EQUITY TR SHORT TERM		2020-12-31	2020-12-31
b	EDGBASTON ASIAN EQUITY TR LONG TERM		2019-12-31	2020-12-31
c	MICHAEL W LOUIS CO SHRT TRM CAP GAIN		2020-12-31	2020-12-31
d	MICHAEL W LOUIS CO LONG TRM CAP LOSS		2019-12-31	2020-12-31
e	MWL HOLDINGS LP SHRT TRM CAP GAIN		2020-12-31	2020-12-31
	MWL HOLDINGS LP LONG TRM CAP LOSS	P	2019-12-31	2020-12-31
	MS 021970 PUBLICLY TRADED SECURITIES
	MS 022262 PUBLICLY TRADED SECURITIES
	MS 027594 PUBLICLY TRADED SECURITIES
	CAPITAL GAINS 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		3,162	-3,162
b		28,018	-28,018
c		876	-876
d		397	-397
e		2,598	-2,598
		1,179	-1,179
	2,793,212	2,930,808	-132,875
	100,559	97,701	4,095
	1,421,366	724,764	696,602
	108,420		108,420

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-3,162
b			-28,018
c			-876
d			-397
e			-2,598
			-1,179
			-132,875
			4,095
			696,602
			108,420

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	640,012
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	18,759
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	18,759
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	18,759
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	7,800
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	0

7	Total credits and payments. Add lines 6a through 6d..............		7	7,800
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	10,959
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax	Refunded	11

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

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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?........

Yes

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

Yes

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?................

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

WALTER W BELL Telephone no. bullet

(262) 384-3700

Located at bullet

BELL ANDERSON LLC 710 NORTH STLAKE GENEVAWI ZIP+4 bullet

53147

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
CARRIE L HULBURD	PRESIDENT 0.00	0	0	0
C/O 710 NORTH STREET LAKE GENEVA,WI53147	PRESIDENT 0.00	0	0	0
HENRY J LOUIS	VICE PRESIDENT 0.00	0	0	0
C/O 710 NORTH STREET LAKE GENEVA,WI53147	VICE PRESIDENT 0.00	0	0	0
STEVEN S LOUIS	TREASURER 0.00	0	0	0
C/O 440 S LASALLE ST 38TH FL CHICAGO,IL60605	TREASURER 0.00	0	0	0
TIMOTHY C LOUIS	SECRETARY 0.00	0	0	0
C/O 710 NORTH STREET LAKE GENEVA,WI53147	SECRETARY 0.00	0	0	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...................

12,476,981

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

259,669

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

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

12,736,650

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

12,736,650

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

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

191,050

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

12,545,600

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

627,280

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

627,280

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

18,759

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

26,502

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

45,261

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

582,019

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

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

582,019

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

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

582,019

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 ..........

555,000

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

555,000

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

555,000

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					582,019
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......	30,366
b From 2016......	100,470
c From 2017......
d From 2018......
e From 2019......	9,676
fTotal of lines 3a through e........		140,512
4Qualifying distributions for 2020 from Part
XII, line 4: $ 555,000
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.....					555,000
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.		27,019			27,019
(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		113,493
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		3,347
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		110,146
10 Analysis of line 9:
a Excess from 2016....	100,470
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....	9,676
e Excess from 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 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
BARROW NEUROLOGICAL FOUNDATION 124 WEST THOMAS ROAD SUITE 250 PHOENIX,AZ85013	N/A	501(C)(3)	GENERAL CONTRIBUTION	10,000
CABLE NATURAL HISTORY MUSEUM 13470 CO HWY M CABLE,WI54821	N/A	501(C)(3)	GENERAL CONTRIBUTION	2,500
COLORADO COLLEGE 14 E CASHE LA POUDRE STREE COLORADO SPRINGS,CO80903	N/A	501(C)(3)	GENERAL CONTRIBUTION	80,000
DESERT BOTANICAL GARDENS 1201 GALVIN PARKWAY PHOENIX,AZ85008	N/A	501(C)(3)	GENERAL CONTRIBUTION	10,000
DESERT VOICES 3426 E SHEA BLVD PHOENIX,AZ85028	N/A	501(C)(3)	GENERAL CONTRIBUTION	50,000
FOUNDATION FIGHTING BLINDNESS 7168 COLUMBIA GATEWAY DR COLUMBIA,MD21046	N/A	501(C)(3)	GENERAL CONTRIBUTION	65,000
HEARD MUSEUM 2301 N CENTRAL AVENUE PHOENIX,AZ85004	N/A	501(C)(3)	GENERAL CONTRIBUTION	10,000
LAKE OWEN ASSOCIATION 1208 W 4TH ST NEW RICHMOND,WI54017	N/A	501(C)(3)	GENERAL CONTRIBUTION	32,500
NATIONAL LOUIS UNVERSITY 122 S MICHIGAN AVE CHICAGO,IL60603	N/A	501(C)(3)	GENERAL CONTRIBUTION	100,000
PHOENIX CHILDREN'S HOSPITAL 2929 E CAMELBACK ROAD PHOENIX,AZ85016	N/A	501(C)(3)	GENERAL CONTRIBUTION	10,000
PHOENIX COUNTRY DAY SCHOOL 3901 E STANFORD DRIVE PARADISE VALLEY,AZ85253	N/A	501(C)(3)	GENERAL CONTRIBUTION	5,000
RYE NATURE CENTER 873 BOSTON POST RD RYE,NY10580	N/A	501(C)(3)	GENERAL CONTRIBUTION	15,000
SANDRA DAY O'CONNOR INSTITUTE PO BOX 4425 PHOENIX,AZ85030	N/A	501(C)(3)	GENERAL CONTRIBUTION	10,000
THE FIRST TEE OF PHOENIX 3837 E WEIR AVE 7 PHOENIX,AZ85040	N/A	501(C)(3)	GENERAL CONTRIBUTION	35,000
TRANSLATION GENOMICS 445 N FIFTH STREET PHOENIX,AZ85004	N/A	501(C)(3)	GENERAL CONTRIBUTION	10,000
YESTERMORROW DESIGN BUILD 7865 MAIN ST WAITSFIELD,VT05673	N/A	501(C)(3)	GENERAL CONTRIBUTION	25,000
ZION CANYON MESA PO BOX 145 SPRINGDALE,AZ847670145	N/A	501(C)(3)	GENERAL CONTRIBUTION	25,000
BALLET WEST 50 W 200 STREET 200 SALT LAKE CITY,UT84101	N/A	501(C)(3)	GENERAL CONTRIBUTION	20,000
NOURISH PHOENIX 501 S 9TH AVENUE PHOENIX,AZ85007	N/A	501(C)(3)	GENERAL CONTRIBUTION	10,000
NEW WAY ACADEMY 5048 E OAK STREET PHOENIX,AZ85008	N/A	501(C)(3)	GENERAL CONTRIBUTION	10,000
THERE WITH CARE 2825 WILDERNESS PLACE SUITE 100 BOULDER,CO80301	N/A	501(C)(3)	GENERAL CONTRIBUTION	5,000
THE DIAPER BANK OF CT 370 STATE STREET SUITE B NORTH HAVEN,CT06473	N/A	501(C)(3)	GENERAL CONTRIBUTION	5,000
NEW CANAAN NATURE CENTER 144 OENOKE RIDGE NEW CANAAN,CT06840	N/A	501(C)(3)	GENERAL CONTRIBUTION	5,000
CARVER CENTER 400 WESTCHESTER AVENUE PORT CHESTER,NY10573	N/A	501(C)(3)	GENERAL CONTRIBUTION	2,500
FARE FOOD ALLERGY RESEARCH & EDUCATION 7901 JONES BRANCH DRIVE MCLEAN,VA22102	N/A	501(C)(3)	GENERAL CONTRIBUTION	2,500
Total ................................. 3a				555,000

bApproved for future payment

Total ................................. 3b				0

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 ...........			14	39
4 Dividends and interest from securities....			14	812,263
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.....			14	4,574
8 Gain or (loss) from sales of assets other than inventory ............			18	640,012
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		1,456,888	0

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

1,456,888

(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

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

MICHAEL W LOUIS PRIVATE FOUNDATION

EIN:

81-3941498

Name of Stock	End of Year Book Value	End of Year Fair Market Value
2807 SHARES SPDR S&P 500 ETF TRUST	719,858	1,049,481
21714.492 SHARES ARTISAN DEVELOPING WORLD ADV	278,357	577,605
30228.272 SHARES ARTISAN HIGH INCOME ADV	272,961	305,910
49520.786 SHARES CRA QUALIFIED INVESTMENT INSTL	533,494	536,310
37810.601 SHARES JOHCM INTERNATIONAL SEL I	627,936	1,144,149
84280.315 SHARES LORD ABBETT SHT DURATION INC F	348,777	354,820
3336.095 SHARES T ROWE PRICE INTL DISCOVERY	204,696	302,817
6946.779 SHARES T ROWE PRICE NEW HORIZONS FUND	323,288	571,581
49828.037 SHARES TIAA CREF CORE IMPACT BD ADV	545,287	540,136
117 SHARES ABBOTT LABORATORIES	10,009	12,810
131 SHARES ABBVIE INC COM	10,599	14,037
48 SHARES ACCENTURE PLC IRELAND CL A	8,558	12,538
50 SHARES ADOBE INC	16,671	25,006
65 SHARES ADVANCED MICRO DEVICES	3,238	5,961
165 SHARES AFLAC INCORPORATED	6,236	7,338
18 SHARES AGILENT TECHNOLOGIES	1,402	2,133
6 SHARES ALEXANDRIA REAL ESTATE EQ INC	1,044	1,069
38 SHARES ALLSTATE CORP	3,789	4,177
32 SHARES ALPHABET INC CL A	39,020	56,084
342 SHARES ALTRIA GROUP INC	14,062	14,022
16 SHARES AMAZON COM INC	34,188	52,111
47 SHARES AMERICAN EXPRESS CO	4,465	5,683
8 SHARES AMERICAN TOWER CORP	1,759	1,796
107 SHARES AMERICAN WATER WORKS CO	14,034	16,421
21 SHARES AMERISOURCEBERGEN CORP	1,838	2,053
56 SHARES AMGEN INC	12,189	12,876
30 SHARES ANALOG DEVICES INC	3,008	4,432
16 SHARES ANTHEM INC COM	3,895	5,137
13 SHARES AON PLC CL A	2,478	2,747
844 SHARES APPLE INC	56,376	111,990
27 SHARES APPLIED MATERIALS INC	1,358	2,330
42 SHARES APTARGROUP INC	4,420	5,749
24 SHARES APTIV PLC	1,530	3,127
26 SHARES ATMOS ENERGY CP	2,459	2,481
13 SHARES AUTODESK INC DELAWARE	2,187	3,969
16 SHARES AUTOMATIC DATA PROCESSING INC	2,533	2,819
6 SHARES AVALONBAY COMM INC	1,013	963
27 SHARES AVANGRID INC	1,226	1,227
313 SHARES BAKER HUGHES COMPANY CL A	3,938	6,526
48 SHARES BALL CORPORATION	3,318	4,473
597 SHARES BANK OF AMERICA CORP	14,759	18,095
54 SHARES BANK OF NEW YORK MELLON CORP	1,986	2,292
22 SHARES BAXTER INTL INC	1,748	1,765
30 SHARES BECTON DICKINSON & CO	7,347	7,507
15 SHARES BERKSHIRE HATHAWAY CL-B NEW	2,835	3,478
34 SHARES BEST BUY CO	2,263	3,393
13 SHARES BIOGEN INC COM	4,046	3,183
15 SHARES BLACKROCK INC	7,680	10,823
24 SHARES BOEING CO	3,702	5,137
1 SHARES BOOKING HOLDINGS INC	1,660	2,227
29 SHARES BOSTON PROPERTIES INC	2,741	2,741
92 SHARES BOSTON SCIENTIFIC CORP	3,374	3,307
220 SHARES BRISTOL MYERS SQUIBB CO	13,097	13,647
4 SHARES BROADCOM INC	1,034	1,751
29 SHARES BROWN FORMAN CORP CL B	1,861	2,303
20 SHARES CAMPBELL SOUP	1,002	967
17 SHARES CAPITAL ONE FINANCIAL CORP	1,547	1,680
62 SHARES CHARLES SCHWAB NEW	2,898	3,288
4 SHARES CHARTER COMMUNICATIONS INC	1,859	2,646
3 SHARES CHIPOTLE MEXICAN GRILL INC COM	2,811	4,160
27 SHARES CHUBB LTD	3,254	4,156
151 SHARES CHURCH & DWIGHT CO INC	10,835	13,172
31 SHARES CIGNA CORP	5,699	6,454
243 SHARES CISCO SYS INC	10,022	10,874
224 SHARES CITIGROUP INC NEW	10,600	13,812
20 SHARES CLOROX CO	3,854	4,038
82 SHARES COCA COLA CO	4,051	4,497
28 SHARES COGNIZANT TECH SOLUTIONS CL A	1,543	2,295
143 SHARES COLGATE PALMOLIVE CO	10,337	12,228
114 SHARES COMCAST CORP (NEW) CLASS A	4,301	5,974
15 SHARES COMPASS MINERALS INTER INC	904	926
42 SHARES CONAGRA BRANDS INC	1,367	1,523
13 SHARES CONSTELLATION BRANDS INC CL A	2,148	2,848
165 SHARES CORE LABORATORIES N V	1,776	4,374
11 SHARES COSTCO WHOLESALE CORP NEW	3,299	4,145
40 SHARES CUMMINS INC	5,982	9,084
47 SHARES CVS HEALTH CORP COM	2,863	3,210
28 SHARES DANAHER CORPORATION	5,243	6,220
13 SHARES DAVITA INC	985	1,526
23 SHARES DEERE & CO	3,367	6,188
99 SHARES EBAY INC	3,437	4,975
42 SHARES ECOLAB INC	7,457	9,087
23 SHARES EDISON INTERNATIONAL	1,420	1,445
78 SHARES EDWARD LIFESCIENCES CORP	5,578	7,116
25 SHARES EMCOR GROUP INC	1,577	2,287
102 SHARES EMERSON ELECTRIC CO	5,277	8,198
163 SHARES ESSENTIAL UTILS INC	7,133	7,708
27 SHARES ESTEE LAUDER CO INC CL A	4,426	7,187
17 SHARES ETSY INC COM	964	3,024
45 SHARES EVERSOURCE ENERGY COM	4,006	3,893
43 SHARES EXPEDITORS INTL WASH INC	3,255	4,090
119 SHARES FACEBOOK INC CL-A	20,723	32,506
12 SHARES FEDL RLTY INVT TRUST S B I	999	1,021
51 SHARES FISERV INC COM	5,063	5,807
16 SHARES FLOWSERVE CORP	437	590
88 SHARES FMC CORP NEW	7,735	10,114
103 SHARES GAP INC	948	2,080
94 SHARES GENERAL ELECTRIC CO	1,012	1,015
71 SHARES GENERAL MILLS INC	4,138	4,175
24 SHARES GILEAD SCIENCE	1,458	1,398
52 SHARES GOLDMAN SACHS GRP INC	10,149	13,713
60 SHARES HARTFORD FIN SERS GRP INC	2,482	2,939
42 SHARES HASBRO INC	3,167	3,929
55 SHARES HELMERICH & PAYNE	894	1,274
23 SHARES HERSHEY COMPANY	3,327	3,504
340 SHARES HEWLETT PACKARD ENTERPRISE	3,501	4,029
33 SHARES HOLOGIC INC	1,353	2,403
38 SHARES HOME DEPOT INC	7,981	10,094
208 SHARES HOST HOTELS & RESORTS INC	2,329	3,043
183 SHARES HP INC COM	2,935	4,500
6 SHARES HUMANA INC	2,045	2,462
17 SHARES IDACORP INC	1,542	1,633
41 SHARES IDEX CORPORATION DELAWARE	6,086	8,167
87 SHARES IHS MARKIT LTD	5,703	7,815
13 SHARES ILL TOOL WORKS INC	2,079	2,650
7 SHARES ILLUMINA INC	1,984	2,590
167 SHARES INTEL CORP	8,986	8,320
97 SHARES INTERPUBLIC GROUP OF COS INC	2,069	2,281
46 SHARES INTL BUSINESS MACHINES CORP	5,636	5,790
28 SHARES INTUIT INC	7,325	10,636
26 SHARES JACOBS ENGR GROUP INC	2,134	2,833
25 SHARES JBG SMITH PPTYS	827	782
171 SHARES JOHNSON & JOHNSON	24,502	26,912
98 SHARES JPMORGAN CHASE & CO	9,994	12,453
16 SHARES KILROY REALTY CORPORATION	966	918
13 SHARES KLA CORPORATION	2,003	3,366
5 SHARES L3HARRIS TECHNOLOGIES INC	962	945
8 SHARES LAM RESEARCH CORPORATION	2,150	3,778
16 SHARES LAMB WESTON HLDGS INC COM	893	1,260
55 SHARES LAS VEGAS SANDS CORPORATION	2,600	3,278
41 SHARES LEIDOS HLDGS INC	3,900	4,310
25 SHARES LINCOLN ELEC HLDGS INC	1,950	2,906
27 SHARES LOCKHEED MARTIN CORP	9,995	9,584
25 SHARES LYFT INC CL A	997	1,228
57 SHARES MARSH & MCLENNAN COS INC	5,489	6,669
22 SHARES MARVELL TECH GROUP LTD	983	1,046
60 SHARES MASTERCARD INC CL A	16,215	21,416
53 SHARES MAXIM INTEGRATED PRODUCTS INC	2,742	4,698
63 SHARES MC CORMICK AND CO NON VOTING	4,942	6,023
33 SHARES MC DONALDS CORP	6,421	7,081
12 SHARES MCKESSON CORP	1,583	2,087
92 SHARES MEDTRONIC PLC SHS	9,435	10,777
258 SHARES MERCK & CO INC NEW COM	21,245	21,104
13 SHARES MGM RESORTS INTERNATIONAL	190	410
281 SHARES MICROSOFT CORP	46,210	62,500
69 SHARES MORGAN STANLEY	3,198	4,729
27 SHARES MOTOROLA SOLUTIONS INC	4,024	4,592
292 SHARES NATIONAL OILWELL VARCO INC	3,298	4,009
22 SHARES NETFLIX INC	8,357	11,896
36 SHARES NEWMONT CORPORATION	2,159	2,156
84 SHARES NIKE INC B	7,259	11,883
22 SHARES NORTHERN TRUST CORP	1,860	2,049
5 SHARES NORTHROP GRUMMAN CP(HLDG CO)	1,687	1,524
67 SHARES NORTONLIFELOCK INC	1,337	1,392
40 SHARES NVIDIA CORPORATION	10,614	20,888
37 SHARES OMNICOM GROUP	2,012	2,308
142 SHARES ORACLE CORP	7,593	9,186
141 SHARES PACCAR INC	9,273	12,165
107 SHARES PAYPAL HLDGS INC COM	11,347	25,059
93 SHARES PFIZER INC	3,271	3,423
131 SHARES PHILIP MORRIS INTL INC	10,098	10,845
59 SHARES PNC FINL SVCS GP	6,150	8,791
19 SHARES PPG INDUSTRIES INC	1,839	2,740
53 SHARES PRINCIPAL FINL GROUP INC	1,748	2,629
102 SHARES PROLOGIS INC COM	9,116	10,165
51 SHARES PRUDENTIAL FINANCIAL INC	2,988	3,982
29 SHARES PUBLIC STORAGE	5,906	6,697
64 SHARES QUALCOMM INC	4,968	9,750
104 SHARES RAYTHEON TECHNOLOGIES CORP	6,927	7,437
7 SHARES REGENERON PHARMACEUTICALS INC	3,586	3,382
5 SHARES RESMED INC	1,029	1,063
51 SHARES ROCKWELL AUTOMATION INC	8,235	12,791
53 SHARES S&P GLOBAL INC COM	14,686	17,423
65 SHARES SALESFORCE.COM,INC.	9,994	14,464
12 SHARES SERVICENOW INC	3,871	6,605
2 SHARES SHERWIN WILLIAMS COMPANY OHIO	1,003	1,470
22 SHARES SIMON PPTY GROUP INC	1,533	1,876
83 SHARES STARBUCKS CORP WASHINGTON	6,074	8,879
28 SHARES STATE STREET CORP	1,717	2,038
9 SHARES STRYKER CORP	1,630	2,205
2 SHARES SYSCO CORP	101	149
18 SHARES T ROWE PRICE GROUP INC	2,091	2,725
65 SHARES TAPESTRY INC	1,023	2,020
18 SHARES TARGET CORPORATION	1,872	3,178
17 SHARES TE CONNECTIVITY LTD NEW	1,212	2,058
35 SHARES TESLA INC	23,935	24,698
47 SHARES THE J.M. SMUCKER COMPANY	5,357	5,433
10 SHARES THERMO FISHER SCIENTIFIC	3,121	4,658
27 SHARES TIFFANY & COMPANY NEW	3,453	3,549
104 SHARES TJX COS INC NEW	5,171	7,102
40 SHARES T-MOBILE US INC COM	4,098	5,394
22 SHARES TRANE TECHNOLOGIES PLC	2,843	3,194
51 SHARES TRAVELERS COMPANIES INC COM	5,403	7,159
84 SHARES U S BANCORP COM NEW	3,186	3,914
28 SHARES UBER TECHNOLOGIES INC	1,000	1,428
94 SHARES UGI CORPORATION NEW COM	2,590	3,286
50 SHARES UNITEDHEALTH GP INC	13,491	17,534
89 SHARES VALVOLINE INC COM	1,260	2,059
23 SHARES VENTAS INC	975	1,128
15 SHARES VERISK ANALYTICS INC COM	2,236	3,114
59 SHARES VERIZON COMMUNICATIONS	3,436	3,466
31 SHARES VIACOMCBS INC CL B	1,066	1,155
6 SHARES VIATRIS INC	90	112
107 SHARES VISA INC CL A	18,774	23,404
17 SHARES VMWARE INC CLASS A	2,283	2,384
92 SHARES VORNADO REALTY TRUST	3,385	3,435
9 SHARES W W GRAINGER INC	2,502	3,675
32 SHARES WABTEC CORP	1,744	2,342
49 SHARES WALGREENS BOOTS ALLIANCE INC	1,930	1,954
84 SHARES WALT DISNEY CO HLDG CO	8,886	15,219
178 SHARES WELLS FARGO & CO NEW	5,394	5,372
35 SHARES WELLTOWER INC	1,956	2,262
55 SHARES WERNER ENTERPRISES INC	2,113	2,157
320 SHARES WPX ENERGY INC	1,267	2,608
37 SHARES XILINX INC	3,316	5,245
46 SHARES XYLEM INC COM	3,181	4,682
22 SHARES ZIMMER BIOMET HLDGS INC COM	2,454	3,390
69 SHARES ACCENTURE PLC IRELAND CL A	16,417	18,023
264 SHARES AIA GROUP LTD SPON ADR	11,389	12,970
362 SHARES AKZO NOBEL NV ADR	12,615	13,054
172 SHARES ALCON INC	10,836	11,349
80 SHARES ASHTEAD GROUP PLC ADR	13,314	15,160
918 SHARES ASSA ABLOY AB UNSP ADR	10,786	11,291
393 SHARES BROOKFIELD ASSET MGNT CL A LTD	13,890	16,219
397 SHARES CAMECO CORP	3,764	5,320
192 SHARES CARNIVAL CP NEW PAIRED COM	2,899	4,159
224 SHARES CLOSE BROS GROUP PLC ADR	7,191	8,868
213 SHARES COCA-COLA EUROPACIFIC PARTNERS	7,808	10,294
537 SHARES COMPASS GROUP PLC SPD ADR	8,497	10,058
83 SHARES CREDICORP LTD	10,248	13,614
70 SHARES DASSAULT SYSTEMS SA ADS	12,921	14,257
129 SHARES DBS GROUP HOLDINGS LTD SP	8,882	9,810
487 SHARES ERSTE GROUP BANK AG SPONS ADR	5,664	7,383
289 SHARES EXPERIAN GP LTD ADR	11,652	10,970
579 SHARES FANUC CORPORATION UNSP ADR	13,022	14,296
238 SHARES HEINEKEN NV SPN ADR	11,862	13,290
1216 SHARES ING GROEP NV ADR	9,428	11,479
761 SHARES KDDI CORP UNSPON ADR	11,120	11,293
116 SHARES KUBOTA CP ADR	11,464	12,799
119 SHARES LVMH MOET HENNESSY LOUIS VUITT	12,822	14,843
191 SHARES MAGNA INTERNATIONAL INC	11,187	13,523
233 SHARES MARUICO LTD ADR NEW	9,018	8,085
571 SHARES NIDEC CORP	15,427	18,101
106 SHARES NOVARTIS AG ADR	9,053	10,010
428 SHARES OTSUKA HOLDINGS CO LTD UNS ADR	8,717	9,172
533 SHARES RECKITT BENCKISER PLC SPNS ADR	9,913	9,658
352 SHARES RENTOKIL GROUP PLC SP ADR	12,912	12,531
361 SHARES SAFRAN SA	11,370	12,801
200 SHARES SONY GROUP CORPORATION ADR	17,892	20,220
334 SHARES SYMRISE AG UNSPONS ADR	10,750	11,111
199 SHARES TOTAL S A ADR	7,016	8,340
592 SHARES UBS GROUP AG SHS	7,976	8,365
191 SHARES UNILEVER PLC (NEW) ADS	11,546	11,529

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

MICHAEL W LOUIS PRIVATE FOUNDATION

EIN:

81-3941498

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
S.C. JOHNSON STOCK	AT COST	410,009	538,700
MWL HOLDINGS LIMITED PARTNERSHIP	AT COST	3,355	3,683,305
MICHAEL W. LOUIS COMPANY	AT COST	291,005	1,232,064
EDGBASTON ASIAN EQUITY TRUST	AT COST	332,417	279,377
200 SHARES ABM INDUSTRIES INCORPORATED	FMV	6,747	7,568
247 SHARES ACI WORLDWIDE INC	FMV	5,871	9,492
235 SHARES ADAPTHEALTH CORP CL A	FMV	6,504	8,827
222 SHARES ALTRA INDL MOTION CORP	FMV	7,275	12,305
157 SHARES AMN HEALTHCARE SVCS INC	FMV	7,237	10,715
114 SHARES ARCOSA INC	FMV	4,361	6,262
130 SHARES AVIENT CORPORATION	FMV	5,110	5,236
468 SHARES BANCORPSOUTH INC	FMV	12,894	12,842
172 SHARES BRINK'S COMPANY COM	FMV	7,963	12,384
165 SHARES BROOKS-AUTOMATION INC	FMV	4,603	11,195
47 SHARES CALLON PETE CO DEL	FMV	3,900	619
60 SHARES CARTER'S	FMV	5,528	5,644
170 SHARES CASELLA WASTE SYS INC CL A	FMV	6,942	10,532
189 SHARES CBIZ INC	FMV	4,555	5,029
177 SHARES CENTRAL GARDEN & PET CO CL A	FMV	5,727	6,430
94 SHARES CERENCE INC	FMV	3,062	9,445
70 SHARES CONCENTRIX CORP	FMV	3,607	6,909
519 SHARES CVB FINCL CP	FMV	11,143	10,121
315 SHARES ENVISTA HLDGS CORP	FMV	8,377	10,625
118 SHARES ESCO TECHNOLOGIES	FMV	7,951	12,180
699 SHARES FIRST HORIZON CORPORATION	FMV	10,077	8,919
131 SHARES FORWARD AIR CORP	FMV	7,885	10,066
185 SHARES FULLER H B & COMPANY	FMV	8,405	9,598
174 SHARES GIBRALTAR INDUSTRIES INC	FMV	7,260	12,518
305 SHARES GLACIER BANCORP INC NEW	FMV	12,247	14,033
291 SHARES GLATFELTER CORPORATION	FMV	5,355	4,767
391 SHARES HARSCO CORP	FMV	6,588	7,030
192 SHARES HORACE MANN EDUCATORS CP	FMV	7,757	8,072
113 SHARES ICF INTL INC	FMV	9,067	8,399
43 SHARES ICU MEDICAL INC	FMV	7,899	9,223
190 SHARES INDEPENDENT BK MASS	FMV	13,233	13,878
126 SHARES INTEGER HOLDINGS CORP	FMV	10,095	10,230
66 SHARES KAISER ALUMINUM CORP	FMV	4,799	6,527
286 SHARES KNOLL INC	FMV	5,799	4,198
287 SHARES LA Z BOY INCORPORATED	FMV	8,239	11,434
159 SHARES LAKELAND FINCL	FMV	7,058	8,519
39 SHARES LANCASTER COLONY CRP	FMV	5,646	7,165
780 SHARES MAGNOLIA OIL & GAS CORP CL A	FMV	7,253	5,507
529 SHARES MATADOR RES CO	FMV	8,866	6,380
198 SHARES METHODE ELEC INC	FMV	6,128	7,579
77 SHARES MGE ENERGY INC	FMV	4,985	5,392
119 SHARES ONE GAS INC	FMV	9,193	9,136
135 SHARES OXFORD INDUSTRIES INC	FMV	9,126	8,844
207 SHARES PEBBLEBROOK HOTEL TR COM	FMV	6,051	3,892
471 SHARES PHYSICIANS REALTY TRUST	FMV	8,064	8,384
93 SHARES PLEXUS CORP	FMV	5,464	7,274
49 SHARES PROVIDENCE SERVICE CORP	FMV	5,791	6,793
171 SHARES QTS RLTY TR INC COM CL A	FMV	7,831	10,581
368 SHARES RAMBUS INC (DEL)	FMV	5,986	6,425
47 SHARES ROGERS CORP	FMV	5,119	7,299
172 SHARES SELECTIVE INSURANCE GROUP	FMV	8,950	11,521
94 SHARES SEMTECH CORP	FMV	4,316	6,776
140 SHARES SOUTH ST CORP COM	FMV	9,161	10,122
87 SHARES STANDEX INTERNATIONAL CORP	FMV	6,206	6,744
126 SHARES STIFEL FINANCIAL CORPORATION	FMV	6,291	6,358
70 SHARES SYNNEX CORP	FMV	2,945	5,701
355 SHARES THE SIMPLY GOOD FOODS COMPANY	FMV	7,520	11,133
139 SHARES US ECOLOGY INC	FMV	6,442	5,050
443 SHARES VERSA MOBILITY CORPORATION	FMV	5,482	5,945
366 SHARES WILLSCOT MOBIL MINI HOLDN CL A	FMV	6,677	8,480
296 SHARES WOLVERINE WORLD WIDE	FMV	7,385	9,250

- TIN:

TY 2020 LegalFeesSchedule

Name:

MICHAEL W LOUIS PRIVATE FOUNDATION

EIN:

81-3941498

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BELL & ANDERSON LLC	11,900	11,900		0

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

MICHAEL W LOUIS PRIVATE FOUNDATION

EIN:

81-3941498

Description	Amount
ROUNDING ADJUSTMENT	1
EDGBASTON ASIAN EQUITY TRUST - NONDEDUCTIBLE EXPENSES	34
MORGAN STANLEY 2020 INCOME REC'D IN 2021	9,077
NON-DIVIDEND DISTRIBUTIONS - BASIS ADJUSTMENTS	2,334
COST BASIS ADJUSTMENTS - 2020 WASH SALES	19

- TIN:

TY 2020 OtherExpensesSchedule

Name:

MICHAEL W LOUIS PRIVATE FOUNDATION

EIN:

81-3941498

Description	Revenue and Expenses per Books	Net Investment Income
MWL HOLDINGS LP	2,686	2,686
EDGBASTON ADVISORY FEES	3,151	3,151
MWL COMPANY - OTHER EXPENSES	27,201	27,201
MORGAN STANLEY 028816 ADR FEES	19	19
CSC FILING FEES	203	203

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

MICHAEL W LOUIS PRIVATE FOUNDATION

EIN:

81-3941498

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
EDGBASTON ASIAN EQUITY	-14	-14	-14
MORGAN STANLEY - OTHER INCOME	4,588	4,588	4,588

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

MICHAEL W LOUIS PRIVATE FOUNDATION

EIN:

81-3941498

Description	Amount
MORGAN STANLEY 2019 DIVIDENDS REC'D IN 2020	14,473
MORGAN STANLEY #022262 - NONDIVIDEND DISTRIBUTIONS	233
MICHAEL W. LOUIS COMPANY - NONDIVIDEND DISTRIBUTIONS	459
MWL HOLDINGS LIMITED PARTNERSHIP - NONDIVIDEND DISTRIBUTIONS	1,363
MORGAN STANLEY #021970 - NONDIVIDEND DISTRIBUTIONS	2,081
MORGAN STANLEY #028816 - NONDIVIDEND DISTRIBUTIONS	61

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

MICHAEL W LOUIS PRIVATE FOUNDATION

EIN:

81-3941498

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES	55,053	55,053		0

- TIN:

TY 2020 TaxesSchedule

Name:

MICHAEL W LOUIS PRIVATE FOUNDATION

EIN:

81-3941498

Category	Amount	Net Investment Income
FOREIGN TAXES-EDGBASTON	791	791
FOREIGN TAXES - MORGAN STANLEY	1,896	1,896
2019 990-T TAXES	661	0
MICHAEL W LOUIS CO. - FOREIGN TAXES	52	52
MWL HOLDINGS LP - FOREIGN TAXES	152	152
2020 990-T ESTIMATED TAXES	27,360	0
2020 990PF ESTIMATED TAXES	4,271	0