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
HEDBERG FOUNDATION INC
C/O CARLA WESTCOTT
Number and street (or P.O. box number if mail is not delivered to street address)1035 NORTH SHERIDAN ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAKE FOREST, IL60045
A Employer identification number

39-1684914
B Telephone number (see instructions)

(847) 295-7212
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$7,238,825J 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... 194,151 193,426  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -193,040
b Gross sales price for all assets on line 6a 2,479,664
7 Capital gain net income (from Part IV, line 2)... 0
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)....... Click to see attachment 71,150 0  
12 Total. Add lines 1 through 11........ 72,261 193,426  
Operating and Administrative Expenses 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).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,500 2,250   2,250
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 17,038 2,545   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 30,851 30,851   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 52,389 35,646   2,250
25 Contributions, gifts, grants paid....... 419,999 419,999
26 Total expenses and disbursements. Add lines 24 and 25 472,388 35,646   422,249
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -400,127
b Net investment income (if negative, enter -0-) 157,780
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 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............. 131,584    
2 Savings and temporary cash investments.........   203,258 203,258
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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 bullet        
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 6,244,884 Click to see attachment5,773,208 7,035,567
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,376,468 5,976,466 7,238,825
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 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........ 2,892,393 2,892,393
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 3,484,075 3,084,073
29 Total net assets or fund balances (see instructions)..... 6,376,468 5,976,466
30 Total liabilities and net assets/fund balances (see instructions). 6,376,468 5,976,466
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
6,376,468
2
Enter amount from Part I, line 27a .....................
2
-400,127
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
125
4
Add lines 1, 2, and 3 ..........................
4
5,976,466
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,976,466
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 US BANK P    
b US BANK P    
c CAPITAL GAINS DIVIDENDS P    
d
e
(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 381,301   388,822 -7,521
b 2,096,810   2,283,882 -187,072
c 1,553     1,553
d
e
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       -7,521
b       -187,072
c       1,553
d
e
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 -193,040
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 2,193
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 2,193
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 2,193
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 9,600
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 9,600
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 7,407
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet7,407 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)
    bulletWI
    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 ofbulletBAKER TILLY US LLP Telephone no.bullet (608) 752-5835

    Located atbullet500 MIDLAND COURTJANESVILLEWI ZIP+4bullet56546
    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
     
     
    ........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
    CARLA H WESTCOTT PRESIDENT/DIRECTOR
    2.00     		0 0 0
    1035 NORTH SHERIDAN ROAD
    LAKE FOREST,IL60045
    DONALD D HEDBERG VICE-PRESIDENT/DIRECTOR
    0.50     		0 0 0
    1500 LANDS END ROAD
    MANALAPAN,FL33462
    PEGGY HEDBERG OFFICER/DIRECTOR
    0.50     		0 0 0
    96 CAMBRIDGE ROAD
    MADISON,WI53704
    LARA DEAM OFFICER/DIRECTOR
    0.50     		0 0 0
    162 THROCKMORTON
    MILL VALLEY,CA94941
    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.........................bullet0
    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
    5,544,886
    b
    Average of monthly cash balances.......................
    1b
    270,960
    c
    Fair market value of all other assets (see instructions)................
    1c
    793,329
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,609,175
    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
    6,609,175
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    99,138
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,510,037
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    325,502
    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
    325,502
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,193
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,193
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    323,309
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    323,309
    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
    323,309
    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
    422,249
    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
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    422,249
    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
    422,249
    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 7 323,309
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 69,443
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 422,249
    a Applied to 2019, but not more than line 2a 69,443
    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..... 323,309
    e Remaining amount distributed out of corpus 29,497
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 29,497
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		29,497
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 29,497
    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
    COMMUNITY CHURCH OF LAKE FOREST AND LAKE BLUFF
    PO BOX 26 117 EAST SCRANTON AVE
    LAKE BLUFF,IL60044     		NONE PC RELIGIOUS SUPPORT 62,181
    ACLU FOUNDATION OF MASSACHUSETTS
    211 CONGRESS ST
    BOSTON,MA02110     		NONE PC DEFENDING AND PRESERVING THE INDIVIDUAL RIGHTS AND LIBERTIES GUARANTEED BY THE CONSTITUTION 1,000
    ROSIE'S PLACE
    889 HARRISON AVE
    BOSTON,MA02110     		NONE PC PROVIDING A SAFE AND NURTURING ENVIRONMENT THAT HELPS POOR AND HOMLESS WOMEN MAINTAIN THEIR INTEGRITY 2,000
    CITY YEAR
    PO BOX 412755
    BOSTON,MA02241     		NONE PC UNITING YOUNG PEOPLE OF ALL BACKGROUNDS FOR A YEAR OF FULL-TIME SERVICE 1,000
    CRADLES TO CRAYONS INC
    281 NEWTONVILLE AVE
    NEWTON,MA02460     		NONE PC PROVIDING ESSENTIAL ITEMS TO CHILDREN FROM BIRTH TO AGE 12, LIVING IN HOMELESS OF LOW-INCOME SITUATIONS 1,000
    PLANNED PARENTHOOD
    PO BOX 97166
    WASHINGTON,DC20090     		NONE PC ADVANCING ACCESS TO SEXUAL HEALTH CARE AND DEFENDING REPRODUCTIVE RIGHTS 2,000
    EQUAL JUSTICE INITIATIVE
    122 COMMERCE ST
    MONTGOMERY,AL36104     		NONE PC PROVIDING LEGAL REPRESENTATION TO PEOPLE WHO HAVE BEEN ILLEGALLY CONVICTED OR UNFAIRLY SENTENCED IN STATE JAILS AND PRISONS 1,000
    ALOHA FOUNDATION
    2968 LAKE MOREY ROAD
    FAIRLEE,VT05045     		NONE PC OPERATING FOUR SUMMER RESIDENT CAMPS, SUMMER DAY CAMP, AND YEAR-ROUND OUTDOOR EDUCATION CENTER 13,500
    ELAWA FARM FOUNDATION
    1401 MIDDLEFORK DR
    LAKE FOREST,IL60045     		NONE PC PRESERVING THE ELAWA FARM, USED FOR LEARNING ABOUT GARDENING, HEALTHY LIVING, AND HISTORIC PRESERVATION 5,000
    LAKE FOREST COUNTRY DAY SCHOOL
    145 SOUTH GREEN BAY RD
    LAKE FOREST,IL60045     		NONE PC MAINTAINING AN INDEPENDENT ELEMENTARY SCHOOL FOR CHILDREN 3,250
    GORTON COMMUNITY CENTER
    400 EAST ILLINOIS RD
    LAKE FOREST,IL60045     		NONE PC OPERATING A COMMUNITY CENTER FOR LOCAL RESIDENTS 2,500
    LAKE COUNTY COMMUNITY FOUNDATION
    114 SOUTH GENESEE ST SUITE 505
    WAUKEGAN,IL60085     		NONE PC IMPROVING THE QUALITY OF LIFE FOR THE MOST VULNERABLE RESIDENTS OF LAKE COUNTY 2,500
    NORTH CHICAGO COMMUNITY PARTNERS
    855 SKOKIE HIGHWAY
    LAKE BLUFF,IL60044     		NONE EOF PROVIDING PROGRAMS AND SERVICES TO ALL OF NORTH CHICAGO'S TRADITIONAL PUBLIC SCHOOLS 2,500
    RAGDALE
    1260 NORTH GREEN BAY RD
    LAKE FOREST,IL60045     		NONE PC PROVIDING AN ENRICHING ENVIRONMENT IN WHICH ARTISTS AND WRITERS CAN COMPLETE THEIR CREATIVE WORKS 2,000
    ALLENDALE SHELTER CLUB
    736 NORTH WESTERN AVE 216
    LAKE FOREST,IL60045     		NONE PC SERVING THE CHILDREN AND YOUTH OF ILLINOIS WITH EMOTIONAL, MENTAL HEALTH AND BEHAVIORAL CHALLENGES 1,000
    BERNIE'S BOOK BANK
    917 NORTH SHORE DR
    LAKE BLUFF,IL60044     		NONE PC DISTRIBUTING NEW AND GENTLY USED CHILDREN'S BOOKS TO AT-RISH CHILDREN THOUGHOUT CHICAGOLAND 1,000
    CHURCH OF THE HOLY SPIRIT
    400 EAST WESTMINSTER AVE
    LAKE FOREST,IL60045     		NONE PC RELIGIOUS SUPPORT 1,000
    COLLEGE OF WOOSTER
    1189 BEALL AVE
    WOOSTER,OH44691     		NONE PC EDUCATIONAL SUPPORT 2,000
    LAKE FOREST OPEN LANDS ASSOCIATION
    350 NORTH WAUKEGAN RD
    LAKE FOREST,IL60045     		NONE PC PRESERVING OPEN LANDS TO PROMOTE A CONNECTION WITH THE COMMUNITY 1,000
    MILLBROOK SCHOOL
    131 MILLBROOK SCHOOL RD
    MILLBROOK,NY12545     		NONE PC EDUCATIONAL SUPPORT 2,000
    MOTHERS TRUST FOUNDATION
    400 EAST ILLINOIS RD
    LAKE FOREST,IL60045     		NONE PC PROVIDING IMMEDIATE ASSISTANCE TO DISADVANTAGED CHILDREN IN LAKE COUNTY 1,000
    NORTHERN ILLINOIS FOOD BANK
    273 DEARBORN CT
    GENEVA,IL60134     		NONE PC PROVIDING NUTRITIOUS MEALS TO THOSE IN NEED 2,000
    NORTHWESTERN MEMORIAL FOUNDATION
    541 NORTH FAIRBANKS CT SUITE 800
    CHICAGO,IL60611     		NONE PC SUPPORTING THE PATIENT-CENTERED MISSION AND STRATEGIC GOALS OF NORTHWESTERN MEDICINE 1,000
    NATIONAL PUBLIC RADIO
    PO BOX 791490
    BALTIMORE,MD21279     		NONE PC CONNECTING AMERICANS TO THE NEWS 1,000
    READING POWER
    736 NORTH WESTERN AVE 226
    LAKE FOREST,IL60045     		NONE PC ACCELERATING CHILDREN'S LITERACY LEARNING 1,000
    EAGLE HILL SCHOOL
    PO BOX 116
    HARDWICK,MA01037     		NONE PC EDUCATIONAL SUPPORT 500
    FESSENDEN SCHOOL
    250 WALTHAM ST
    WEST NEWTON,MA02465     		NONE PC EDUCATIONAL SUPPORT 500
    KENYON COLLEGE
    OFFICE OF DEVELOPMENT
    GAMBIER,OH43022     		NONE PC EDUCATIONAL SUPPORT 500
    HISTORY CENTER OF LAKE FOREST LAKE BLUFF
    509 E DEERPATH RD
    LAKE FOREST,IL60045     		NONE PC PRESERVING OF COMMUNITY HISTORY 500
    THE LAKE FOREST LIBRARY FOUNDATION
    360 EAST DEERPATH RD
    LAKE FOREST,IL60045     		NONE PC SUPPORTING THE MISSION OF THE LAKE FOREST LIBRARY 500
    ST ANDREWS SCHOOL
    350 NOXONTOWN ROAD
    MIDDLETOWN,DE19709     		NONE PC EDUCATIONAL SUPPORT 500
    LAKE FOREST PRESERVATION FOUNDATION
    400 EAST ILLINOIS RD
    LAKE FOREST,IL60045     		NONE PC PRESERVING THE HISTORIC VISUAL CHARACTER OF LAKE FOREST 300
    FIRST PRESBYTERIAN CHURCH OF LAKE FOREST
    700 SHERIDAN RD
    LAKE FOREST,IL60045     		NONE PC RELIGIOUS SUPPORT 500
    STEPPENWOLF THEATRE CO
    1650 NORTH HALSTED ST
    CHICAGO,IL60614     		NONE PC PROVIDING THEATRICAL LEARNING OPPORTUNITIES 1,000
    ROGER BALDWIN FOUNDATION OF ACLU INC
    150 NORTH MICHIGAN AVE SUITE 600
    CHICAGO,IL60601     		NONE PC FACILITATING AN INCREASED UNDERSTANDING OF CIVIL LIBERTIES AND RIGHTS 1,000
    FRIENDS OF HEDBERG PUBLIC LIBRARY
    316 SOUTH MAIN ST
    JANESVILLE,WI53545     		NONE PC SUPPORTING THE MISSION OF THE HEDBERG LIBRARY 1,000
    MY BLOCK MY HOOD MY CITY
    47 WEST POLK ST SUITE 100
    CHICAGO,IL60605     		NONE PC PROVIDING UNDERPRIVILEGED YOUTH WITH AN AWARENESS OF THE WORLD AND ITS OPPORTUNITIES 2,016
    THE TREVOR PROJECT
    PO BOX 69232
    WEST HOLLYWOOD,CA90069     		NONE PC SUPPORT FOR ENDING SUICIDE AMONG LGBTQ YOUTH 2,300
    INNOCENCE PROJECT INC
    40 WORTH ST SUITE 701
    NEW YORK,NY10013     		NONE PC EXONTERATING THE WRONGLY CONVICTED THROUGH DNA TESTING 2,300
    THE WILLIAM GUY FORBECK RESEARCH FOUNDATION
    PO BOX 1033
    CARBONDALE,CO81623     		NONE PC PROMOTING ADVANCES IN CANCER RESEARCH THROUGH COLLABORATION 2,000
    LAKELAND ANIMAL WELFARE SOCIETY
    PO BOX 1000
    ELKHORN,WI53121     		NONE PC CARING FOR AND PLACING STAY AND UNWANTED NEGLECTED ANIMALS 10,000
    GENEVA LAKE CONSERVANCY
    PO BOX 588
    FONTANA,WI53125     		NONE PC PRESERVING AND ADVOCATING FOR WALWORTH COUNTY WATERWAYS, NATURAL AREAS, AND WORKING LANDS 500
    HOLIDAY HOME CAMP FOUNDATION
    PO BOX 10
    WILLIAMS BAY,WI53191     		NONE PC PROVIDING CHILDREN AND TEENS RESPITE FROM UNHEALTHY, DIFFICULT, AND UNSAFE HOME CIRCUMSTANCES 500
    UNITED WAY OF PALM BEACH COUNTY
    477 SOUTH ROSEMARY AVE SUITE 230
    WEST PALM BEACH,FL33401     		NONE PC SUPPORTING THE HEALTH, EDUCATION, AND FINANCIAL STABILITY OF EVERY PERSON IN EVERY COMMUNITY 7,500
    UNITED WAY OF WALWORTH COUNTY
    PO BOX 1020
    ELKHORN,WI53121     		NONE PC SUPPORTING THE HEALTH, EDUCATION, AND FINANCIAL STABILITY OF EVERY PERSON IN EVERY COMMUNITY 7,500
    FELLOW MORTALS WILDLIFE HOSPITAL
    W4632 PALMER RD
    LAKE GENEVA,WI53147     		NONE PC PROVIDING REHABILITATIVE CARE FOR NATIVE MAMMALS OF WISCONSIN 10,000
    TRI COUNTY HUMANE SOCIETY
    21287 BOCA RIO RD
    BOCA RATON,FL33433     		NONE PC SUPPORTING THE NO-KILL ANIMAL SHLETER'S MISSION 2,000
    HEADLANDS CENTER FOR THE ARTS
    944 FORT BARRY
    SAUSALITO,CA94965     		NONE PC PROVIDING AN ENVIRONMENT FOR THE CREATIVE PROCESS 50,000
    BOLINAS MUSEUM
    PO BOX 450
    BOLINAS,CA94924     		NONE PC PROVIDING THE PRESERVATION AND EXHIBITION OF THE HISTORY AND ART OF BOLINAS, CALIFORNIA 5,000
    SAN FRANCISCO UNIVERSITY HIGH SCHOOL
    3065 JACKSON ST
    SAN FRANCISCO,CA94115     		NONE PC EDUCATIONAL SUPPORT 10,000
    THE BAY SCHOOL OF SAN FRANCISCO
    35 KEYES AVE
    SAN FRANCISCO,CA94129     		NONE PC EDUCATIONAL SUPPORT 10,000
    TIPPING POINT COMMUNITY
    220 MONTGOMERY ST SUITE 850
    SAN FRANCISCO,CA94104     		NONE PC BREAKING THE CYCLE OF POVERTY IN THE BAY AREA 5,000
    SFMOMA
    151 THIRD ST
    SAN FRANCISCO,CA94103     		NONE PC SUPPORT FOR THE ARTS 1,250
    SAN FRANCISCO MARIN FOOD BANK
    900 PENNSYLVANIA AVE
    SAN FRANCISCO,CA94107     		NONE PC ENDING HUNGER IN SAN FRANCISCO AND MARIN 5,916
    BOLINAS COMMUNITY LAND TRUST
    PO BOX 805
    BOLINAS,CA94924     		NONE PC PROVIDING AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS THROUGH SHARED LIVING 10,000
    REPRESENTUS EDUCATION FUND
    PO BOX 60008
    FLORENCE,MA01062     		NONE PC SUPPORTING PUBLIC EDUCATION AND RESEARCH OF MONEY-IN-POLITICS CORRUPTION 2,500
    OX BOW SCHOOL OF ART AND ARTIST'S RESIDENCY
    3435 RUPPRECHT WAY
    SAUGATUCK,MI49453     		NONE PC EDUCATIONAL SUPPORT 2,667
    VERA INSTITUTE OF JUSTICE
    34 35TH ST SUITE 4-2A
    BROOKLYN,NY11232     		NONE PC ENSURING FAIRNESS, PROMOTING SAFETY, AND STRENGTHENING COMMUNITIES 7,500
    THE OCEAN CLEANUP NORTH PACIFIC FOUNDATION
    DEPT LA 24875
    PASADENA,CA91185     		NONE PC PRESERVING AND PROTECTING THE NATURAL OCEAN ENVIRONMENT FOR THE BENEFIT OF THE PUBLIC 7,500
    MARIN COUNTY CHAPTER SURFRIDER FOUNDATION
    PO BOX 1171
    LARKSPUR,CA94939     		NONE PC PROTECTING AND PRESERVING OUR OCEANS AND BEACHES 7,500
    RANCHO COMPASION
    2600 NICASIO VALLEY RD
    NICASIO,CA94946     		NONE PC PROVIDING A LIFELNOG HOME FOR RESCUED FARM ANIMALS 1,000
    COALITION FOR RAINFOREST NATIONS
    52 VANDERBILT AVE SUITE 1401
    NEW YORK,NY10017     		NONE PC CREATING LASTING ENVIRONMENTAL SUSTAINABILITY AND ECONOMIC ADVANCEMENT 1,000
    UW FOUNDATION
    US BANK LOCKBOX 78807
    MILWAUKEE,WI53278     		NONE PC CHM HIGHER EDUCATION FUND 30,000
    UW FOUNDATION
    US BANK LOCKBOX 78807
    MILWAUKEE,WI53278     		NONE PC HEALTH MINDS INNOVATIONS FUND 25,000
    UW FOUNDATION
    US BANK LOCKBOX 78807
    MILWAUKEE,WI53278     		NONE PC CHM DISTINGUISHED CHAIR OF CONTEMPLATIVE HUMANITIES 54,819
    THE MADEIRA SCHOOL
    8328 GEORGETOWN PIKE
    MCLEAN,VA22102     		NONE PC EDUCATIONAL SUPPORT 2,500
    SANTA CLARA UNIVERSITY
    500 EL CAMINO REAL
    SANTA CLARA,CA95053     		NONE PC EDUCATIONAL SUPPORT 2,500
    FOOD BANK FOR NEW YORK CITY
    39 BROADWAY 10TH FL
    NEW YORK,NY10006     		NONE PC ENDING HUNGER IN NEW YORK CITY 1,000
    CAMP MANITOWISH
    5650 CAMP MANITOWISH LANE PO BOX
    246
    BOULDER JUNCTION,WI54512     		NONE PC PROVIDING A SUMMER CAMP, WILDERNESS TRIPPING, AND LEADERSHIP PROGRAMS TO YOUTH, YOUNG ADULTS, AND FAMILIES 8,500
    Total .................................bullet 3a 419,999
    bApproved for future payment
    Total .................................bullet 3b 0
    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....     14 194,151  
    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.....     01 71,150  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -193,040  
    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 72,261 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    72,261
    (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:
    HEDBERG FOUNDATION INC
     
    C/O CARLA WESTCOTT
    EIN:
    39-1684914
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,500 2,250   2,250

    TY 2020 InvestmentsOtherSchedule2
    Name:
    HEDBERG FOUNDATION INC
     
    C/O CARLA WESTCOTT
    EIN:
    39-1684914
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DOUBLELINE TOTAL RET AT COST 453,904 455,937
    IRONWOOD INSTITUTIONAL MULTI STRATEGY FD AT COST 758,887 830,375
    ISHARES MSCI EAFE - EFA ETF AT COST 843,649 1,108,342
    ISHARES MSCI EMERGING MARKETS - EEM ETF AT COST 156,625 225,019
    ISHARES RUSSELL MID CAP - IWR ETF AT COST 507,795 717,759
    NUVEEN PREFERRED SECS & INC AT COST 461,635 481,423
    NUVEEN STRATEGIC INCOME I AT COST 272,172 284,251
    PGIM TOTAL RETURN BOND AT COST 440,604 454,722
    SPDR S P 500 - SPY ETF AT COST 1,521,886 1,996,519
    STONE RIDGE REINSURANCE RISK PREMIUM INTERVAL FUND AT COST 28,294 23,309
    ISHARES RUSSELL 2500 ETF SMMD AT COST 254,880 375,808
    ISHARES CORE US REIT USRT AT COST 72,877 82,103

    TY 2020 OtherExpensesSchedule
    Name:
    HEDBERG FOUNDATION INC
     
    C/O CARLA WESTCOTT
    EIN:
    39-1684914
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    US BANK INVESTMENT MANAGEMENT FEES 30,851 30,851   0


    TY 2020 OtherIncomeSchedule2
    Name:
    HEDBERG FOUNDATION INC
     
    C/O CARLA WESTCOTT
    EIN:
    39-1684914
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MADOFF THEFT LOSS RECOVERIES 71,150 0 71,150


    TY 2020 OtherIncreasesSchedule
    Name:
    HEDBERG FOUNDATION INC
     
    C/O CARLA WESTCOTT
    EIN:
    39-1684914
    Description Amount
    BROKER ADJUSTMENTS TO COST BASIS 125


    TY 2020 TaxesSchedule
    Name:
    HEDBERG FOUNDATION INC
     
    C/O CARLA WESTCOTT
    EIN:
    39-1684914
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 2,545 2,545   0
    EXCISE TAXES 14,493 0   0