Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE JOHN F AND EDITH L WILSTERMAN
SCHOLARSHIP TRUST
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 695
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FLUSHING, MI48433
A Employer identification number

46-2646944
B Telephone number (see instructions)

(810) 487-8383
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$0J 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...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)...  
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).......      
12 Total. Add lines 1 through 11........ 0 0  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 0 0   0
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 0 0   0
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 0
b Net investment income (if negative, enter -0-) 0
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.............      
2 Savings and temporary cash investments......... 6,115,542    
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)....... 25,968,721    
c Investments—corporate bonds (attach schedule)....... 10,050,901    
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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) 42,135,164 0 0
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) Click to see attachment140,861  
23 Total liabilities (add lines 17 through 22)......... 140,861 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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 41,994,303  
29 Total net assets or fund balances (see instructions)..... 41,994,303 0
30 Total liabilities and net assets/fund balances (see instructions). 42,135,164 0
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
41,994,303
2
Enter amount from Part I, line 27a .....................
2
 
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
41,994,303
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
41,994,303
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
 
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 PUBLICALLY TRADED SECURITIES P    
b
c
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 89,675   89,675  
b
c
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        
b
c
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  
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 0
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  
3 Add lines 1 and 2........................... 3  
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5  
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
Yes
 
If "Yes," attach the statement required by General Instruction T.Click to see list of attachments
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)
    bullet
    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 addressbulletWWW.WILSTERMAN.ORG
    14
    The books are in care ofbulletSTEPHEN WALTON Telephone no.bullet (810) 487-8383

    Located atbullet348 SUNRISE DRIVEFLUSHINGMI ZIP+4bullet48433
    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
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    STEPHEN WALTON TRUSTEE
    000.00     		0 0 0
    348 SUNRISE DRIVE
    FLUSHING,MI48433
    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  
    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.............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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    0
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    0
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    0
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    0
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    0
    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
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    0
    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
    0
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    0
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    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 0
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016...... 362,850
    c From 2017...... 167,607
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 530,457
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$  
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (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 5 530,457
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		530,457
    10 Analysis of line 9:
    a Excess from 2016.... 362,850
    b Excess from 2017.... 167,607
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    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 e-mail address of the person to whom applications should be addressed:
    APPS TO J F E L WILSTERMAN TRUST
    PO BOX 695
    FLUSHING,MI48433
    (810) 487-8383
    APPLY@WILSTERMAN.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    APPS TO J.F & E.L. WILSTERMAN TRUST APPLY@WILSTERMAN.ORG
    cAny submission deadlines:
    APPS TO J.F. & E.L. WILSTERMAN TRUST APPLICATION DEADLINE IS MARCH 15
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    APPS TO J.F. & E.L. WILSTERMAN TRUST SCHOLARSHIPS RESTRICTED TO STUDENTS WHO WILL BE GRADUATING FROM A GENESEE COUNTY, MICHIGAN PUBLIC HIGH SCHOOL OR FROM LUKE M. POWERS HIGH SCHOOL. AWARDS WILL BE GRANTED BY AN ADVISORY COMITTEE FOR POSTSECONDARY EDUCATION UP TO 5,000 ANNUALLY FOR 4 YEARS. ONCE AWARDED, THE STUDENT MUST MAINTAIN A GPA OF 2.3, BASED ON A 4.0 SCALE.
    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
    Total .................................bullet 3a  
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18    
    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)..      
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
     
    (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 DissolutionStmt
    Name:
    THE JOHN F AND EDITH L WILSTERMAN
     
    SCHOLARSHIP TRUST
    EIN:
    46-2646944
    Dissolution Name Dissolution Address Explanation Dissolution Amount
    THE JOHN F AND EDITH L WILSTERMAN
    FOUNDATION     		PO BOX 695
    FLUSHING,MI48433     		SEE ATTACHED EXPLAINATION 41,994,303


    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE JOHN F AND EDITH L WILSTERMAN
     
    SCHOLARSHIP TRUST
    EIN:
    46-2646944
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BANK AMER CORP - 4.400%    
    BANK OF AMERICA CORP B/E 46625HJQ4    
    BANK OF THE WEST INSTL CD    
    CAPITAL ONE FINANCIAL - 5.500%    
    FORD MOTOR CREDIT CO - 4.000%    
    FORD MOTOR CREDIT CO - 4.250%    
    GENERAL ELECTRIC CAPITAL CORP    
    GENERAL ELECTRIC CORP - 3.600%    
    GOLDMAN SACHS - 5.7% - 5/10    
    GOLDMAN SACHS GROUP - 4.00%    
    GOLDMAN SACHS GROUP INC - 3.25    
    JEFFERIES GROUP LLC - 0.000%    
    JEFFERIES GROUP LLC - 4.250%    
    JP MORGAN CHASE - 5.300%    
    JPMORGAN CHASE FINL - 6.75%    
    LLOYDS TSB BANK PLC - 5.500%    
    MORGAN STANLEY - 4.100%    
    PNC FIN - 6.750 12/31/2049    
    PROSPECT CAP CORP - 6.250%    
    PRUDENTIAL FINANCIAL - 5.875%    
    PRUDENTIAL FINL INC - 4.200%    
    STANLEY BLACK & DECKER - 5.750    
    WACHOVIA CAPITAL TR BONDS    
    WELL FARGO & CO - 0.000%    
    WELLS FARGO & CO - 3.000%    
    WELLS FARGO BK - 0.000%    
    WELLS FARGO NTS - 7.980%    
    BANK OF AMER CORP B/E RATE 6.100%    
    MORGAN STANLEY BANK NA BAR-MLCD SPX    
    UBS ULTRA SHORT INCOME FUND CL A    
    UBS ULTRA SHORT INCOME FUND CLASS P    

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE JOHN F AND EDITH L WILSTERMAN
     
    SCHOLARSHIP TRUST
    EIN:
    46-2646944
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCOR SA SPON ADR    
    ACS ACTIVIDADES CO UNSP ADR    
    ACUSHNET HOLDINGS CORP    
    ADECCO GROUP AG UNSPONSORED    
    AERCAP HOLDING N.V.    
    AGREE REALTY CORP    
    AIA GROUP LTD ADR    
    AIRBUS GROUP    
    ALASKA AIR GROUP INC    
    ALBANY INTERNATIONAL CORP    
    ALBEMARLE CORP    
    ALIBABA GROUP HLDG LTD SPON ADR    
    ALLETE INC    
    ALLIANT CORP    
    ALPHABET INC CL A    
    ALPHABET INC CL C    
    AMAZON.COM INC    
    AMDOCS LTD GBP    
    AMERICAN CENTURY EMERGING MARKETS FD    
    ANGLO AMERN PLC SPON ADR    
    APPLE INC    
    ARCELORMITTAL LUXEMBOURG    
    ASML HLDG NV SPON ADR    
    ASSURED GUARANTY LTD    
    AT&T INC    
    AUTOLIV INC    
    AVERY DENNISON CORP    
    AXA ADS    
    B&G FOODS INC    
    BAE SYSTEMS PLC    
    BAIDU.COM - ADR    
    BANCO LATINOAMERICANO DE COMER    
    BANCO SANTANDER S.A SPON ADR    
    BANK OF AMERICA CORP    
    BANK OF THE OZARKS    
    BARCLAYS BANK PLC 02/03/2028    
    BARCLAYS BANK PLC 10/31/2028    
    BARCLAYS BANK PLC UO T A-CYN M    
    BARCLAYS BK PLC PFD - 0.00%    
    BARCLAYS BK PLC PFD 9/30/20    
    BASF SE SPON ADR    
    BERKSHIRE HATHAWAY INC. CLASS    
    BERRY GLOBAL GROUP INC    
    BERRY PLASTICS GROUP INC    
    BGC PARTNERS INC    
    BHP BILLITON SP ADR    
    BLACKROCK INC    
    BLACKROCK MULTI-ASSET INCOMR    
    BOEING COMPANY    
    BOK FINANCIAL CORP    
    BRISTOL MYERS SQUIBB CO    
    BRISTOL-MYERS SQUIBB CO - RIGHTS    
    BRITISH AMERICAN TOBACCO PLC    
    BROADRIDGE FINANCIAL    
    BRUNSWICK CORP    
    CAGGEMINI S E UNSPONSORED ADR    
    CANTEL MEDICAL CORP    
    CARLSBERG AS SP ADR REP B    
    CATHAY GENL BANCORP    
    CBS CORP CL B    
    CELGENE CORP    
    CHEVRON CORP    
    CIMAREX ENERGY CO    
    CITIGROUP GLOBAL MKTS HLDGS AU    
    COMPAGNIE DE SAINT-GOBAIN ADR    
    CONMED CORP    
    CONSOLIDATED COMMUNICATIONS HOLDING    
    CONSTELLATION BRANDS INC CL A    
    CRANE CO    
    CREDIT SUISSE AG AUTOCAL PFD    
    CREDIT SUISSE GILD - 01/23/2020    
    CS SX5E RTY - 05/29/2020    
    CULLEN FROST BANKERS INC    
    CVS CAREMARK CORP    
    CYRUSONE INC REIT    
    DAIMLER AG UNSPONSORED ADR    
    DANONE SPON ADR    
    DBS GROUP HLDGS SPON ADR    
    DELEK US HLDGS INC NEW COM    
    DELTA AIR LINES INC.    
    DEUTSCHE BOERSE ADR    
    DEUTSCHE BOERSE ADR    
    DEUTSCHE BP - 06/12/2019    
    DEUTSCHE POST AG SPON ADR    
    DIAGEO PLC ADS    
    DNB ASA SPON ADR    
    DNB NOR ASA SPONSOR ADR    
    DONALDSON CO. INC    
    E.ON SE SPON ADR    
    EAST WEST BANCORP, INC    
    EASTGROUP PRPERTIES INC    
    EDWARDS LIFESCIENCES    
    ENERGIZER HLDGS INC    
    ENGIE SPON ADR    
    ENLINK MIDSTREAM LLC    
    ENPRO INDUSTRIES INC    
    ENTERCOM COMMUN CP    
    EPR PROPERTIES    
    ESSILORLUXOTTICA ADR    
    EVERGY INC    
    EXXON MOBILE CORP    
    FANUC CORP ADR    
    FEDERAL AGRICULTURAL MTG CORP CL C    
    FEDEX CORP    
    FIDELITY NATIONAL FINANCIAL IN    
    FIRST TRUST EUROPE ALPHADEX    
    FIRST TRUST RIVERFRONT DYNAMIC    
    FORD MOTOR COMPANY    
    FORTIS INC    
    FOUR CORNERS PPTY TRUST    
    GALLAGHER ARTUR J & CO    
    GARMIN LTD    
    GILEAD SCIENCES INC    
    GOLDMAN SACHS GROUP INC 8.65%    
    GOLDMAN SACHS GROUP INC AUTOCA    
    GS FIN CORP - O.00% - 10-18-20    
    GS FINANCE CORP 01/18/2028    
    GS FINANCE CORP 06/20/2028    
    GS FINANCE CORP 07/31/2028    
    GS FINANCE CORP L/O TA-CYN MXE    
    GS FINANCE CORP L/O TA-CYN RTY    
    H B FULLER CO    
    HASBRO INC    
    HAWAIIAN HOLDINGS INC    
    HITACHI LTD ADR NEW JAPAN    
    HNI CORP    
    HOPE BANCORP INC    
    HSBC HOLDINGS PLC    
    HSBC USA INC. 02/14/2028    
    HUBBELL INCORPORATED    
    HUNTSMAN CORP    
    I SHARES RUSSELL 2000 EFT    
    IDACORP INC    
    IDEX CP    
    INDUSTRIA DE DISENO TEXTIL IND    
    INGREDION INC    
    INTEL CORP    
    INTER PARFUMS INC    
    INTERNATIONAL CONS AIRLS GRP SPON AD    
    INTESA SANPAOLO SPA    
    IQIYI INC SPON ADR    
    J2 GLOBAL INC    
    JAMES RIVER GROUP HOLDINGS LTD    
    JAPAN AIRLINES CO UNSPONSORED ADR    
    JOHNSON & JOHNSON    
    JP MORGAN CHASE    
    JP MORGAN CHASE & CO TRIGGER PH    
    JP MORGAN CHASE FIN 08/15/2028    
    JPMORGAN CHASE 09/20/2027    
    JULIUS BAER GROUP LTD    
    KAR AUCTION SERVICES INC    
    KINDER MORGAN INC    
    KUBOTA CORP ADR JAPAN ADR    
    KULICKE & SOFFA IND    
    LCI INDUSTRIES    
    LEIDOS HOLDINGS INC    
    LEMAITRE VASCULAR INC    
    LINCOLN ELECTRIC HOLDING INC    
    LINDE PLC EUR    
    LITTELFUSE, INC    
    LLOYDS BANKING GOUP PLC    
    MEDICAL PROPERTIES TRUST, INC    
    MICRON TECHNOLOGIES INC    
    MICROSOFT CORP    
    MKS INSTRUMENTS, INC    
    MONOLITHIC POWER SYSTEMS INC    
    MORGAN STANLEY FIN L/O TA-CYN    
    MORGAN STANLEY FIN L/O TA-CYN    
    MORGAN STANLEY FIN LLC DAXK    
    MORGAN STANLEY FINANCE 09/19/2028    
    MSA SAFETY INCORPORATED    
    MURATA MFG CO LTD ADR    
    NATIONAL HEALTH INVESTORS INC    
    NATIONAL RETAIL PROPERTIES INC REIT    
    NEWMARK GROUP INC CL A    
    NORDEA BK ABP SPON ADR    
    NORDSON CP    
    NUTRIEN LTD CAD    
    NVENT ELEC PLC    
    NVIDIA CORP    
    NXP SEMICONDUCTORS N V COM EUR    
    OCCIDENTAL PETROLEUM CRP    
    OMEGA HEALTHCARE INV    
    ONE GAS INC    
    ORANGE SPON ADR    
    OTSUKA HOLDINGS CO    
    PACKAGING CORP AMER    
    PACWEST BANCORP    
    PHIBRO ANIMAL HEALTH CORP CL A    
    PHILIP MORRIS INTL INC    
    PNM RESOURCES INC    
    PORTLAND GENL ELEC CO NEW    
    PREFERRED BK LOS ANGLES CA COM NEW    
    PROSHARES S&P MIDCAP 400 DIVD    
    PROSUS N V SPON ADR    
    RECKITT BENCKISER PLC SPON ADR    
    REPSOL SA SPON ADR    
    ROCHE HOLDING LTD ADR    
    ROLLS ROYCE HOLDINGS PLC SPON ADR    
    ROYAL DSM N V SPON ADR    
    ROYAL DUTCH SHELL CL A    
    RPM INTERNATIONAL INC    
    RPT RLTY REIT    
    RWE AG ADR    
    SANDS CHINA LTD UNSPONSORED ADR    
    SANOFI SPON ADR    
    SAP SE SPON ADR    
    SAP SE SPON ADR    
    SECOM CO LTD ADR OTC    
    SERVISFIRST BANCSHARES INC    
    SEVEN & I HOLDINGS C    
    SIEMENS HEALTHINEERS AG ADR    
    SMITH & NEPHEW PLC ADR    
    SNAP ON INC    
    SPIRE INC    
    STERIS PLC    
    STORE CAP CORP REIT    
    SUMITOMO MITSUI FINCL GRP    
    SUNTRUST BANKS INC    
    TANGER FACTORY OUTLET CENTERS    
    TARGA RESOURCES CORP    
    TELEFLEX INC    
    TORAY INDUSTRIES INC    
    TOTAL FINA ELF S.A.    
    TRAVELPORT WORLDWIDE LTD    
    UBS AG 12/29/2028    
    UBS AG L/O TA-CYN MXEF SX5E 12    
    UBS AG MTN PFD - 0.00% 4/30    
    UNITED TECNOLOGIES CORP    
    UNITIL CORP    
    VERMILION ENERGY    
    WASHINGTON TRUST BANCORP INC    
    WILEY JOHN & SONS INC CL A    

    TY 2020 LiquidationExplanationStmt
    Name:
    THE JOHN F AND EDITH L WILSTERMAN
     
    SCHOLARSHIP TRUST
    EIN:
    46-2646944
    Statement:
    ON JANUARY 1, 2020 ALL ASSETS AND OPERATIONS WERE TRANSFERED TO THE JOHN F. AND EDITH L. WILSTERMAN FOUNDATION - EIN - 83-3649470.


    TY 2020 OtherDecreasesSchedule
    Name:
    THE JOHN F AND EDITH L WILSTERMAN
     
    SCHOLARSHIP TRUST
    EIN:
    46-2646944
    Description Amount
    ASSETS TRANSFERED TO EIN: 83-3649470 41,994,303


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE JOHN F AND EDITH L WILSTERMAN
     
    SCHOLARSHIP TRUST
    EIN:
    46-2646944
    Description Beginning of Year - Book Value End of Year - Book Value
    OUTSTANDING OPTIONS 140,861