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 07-01-2020 , and ending 06-30-2021
Name of foundation
A FRANKLIN PILCHARD FOUNDATION
C/O MPO & CO
Number and street (or P.O. box number if mail is not delivered to street address)508 N PLUM GROVE ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PALATINE, IL60067
A Employer identification number

36-3723290
B Telephone number (see instructions)

(847) 963-6762
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$25,867,577J 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... 472,754 472,754  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,003,697
b Gross sales price for all assets on line 6a 5,527,533
7 Capital gain net income (from Part IV, line 2)... 1,003,697
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........ 1,476,451 1,476,451  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 194,000 150,000   44,000
14 Other employee salaries and wages...... 40,230 0   40,230
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 44,470 10,000   34,470
c Other professional fees (attach schedule).... Click to see attachment 118,279 118,279   0
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)....... Click to see attachment 4,297 1,342   2,955
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 401,276 279,621   121,655
25 Contributions, gifts, grants paid....... 981,515 981,515
26 Total expenses and disbursements. Add lines 24 and 25 1,382,791 279,621   1,103,170
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 93,660
b Net investment income (if negative, enter -0-) 1,196,830
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............. 1,184 21,887 21,887
2 Savings and temporary cash investments.........      
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) 888,573 Click to see attachment2,884,670 2,884,670
b Investments—corporate stock (attach schedule)....... 15,261,361 Click to see attachment20,647,315 20,647,315
c Investments—corporate bonds (attach schedule)....... 4,032,930 Click to see attachment2,256,806 2,256,806
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet   321,256    
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 96,175 Click to see attachment34,009 34,009
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment33,891 Click to see attachment22,890 Click to see attachment22,890
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,635,370 25,867,577 25,867,577
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........ 1,369,532 1,369,532
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 19,265,838 24,498,045
29 Total net assets or fund balances (see instructions)..... 20,635,370 25,867,577
30 Total liabilities and net assets/fund balances (see instructions). 20,635,370 25,867,577
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
20,635,370
2
Enter amount from Part I, line 27a .....................
2
93,660
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
5,138,547
4
Add lines 1, 2, and 3 ..........................
4
25,867,577
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
25,867,577
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 MISSOURI FARM REAL ESTATE P 2000-01-01 2021-05-10
b RBC WEALTH MANAGEMENT A/C 4416 P 2020-12-30 2021-06-30
c RBC WEALTH MANAGEMENT A/C 4416 P 2019-12-30 2021-06-30
d RBC WEALTH MANAGEMENT A/C 4413 P 2020-12-30 2021-06-30
e RBC WEALTH MANAGEMENT A/C 4413 P 2019-12-30 2021-06-30
RBC WEALTH MANAGEMENT A/C 4413 P 2020-06-01 2021-06-30
200,000 BOND-APPLIED MATERIALS P 2018-06-30 2020-07-01
200,000 BOND-APPLIED MATERIALS P 2018-06-30 2020-07-01
150,000 BOND-MCDONALDS P 2018-07-15 2020-07-15
200,000 BOND-WELLS FARGO P 2018-07-22 2020-07-22
200,000 BOND-JOHNSON & JOHNSON P 2018-08-31 2020-09-01
200,000 BOND-MICROSOFT P 2018-10-01 2020-10-05
200,000 BOND-RAYTHEON P 2018-10-01 2020-10-15
.63 SHS-VIATRIS P 2018-12-01 2020-12-14
200,000 BOND-KELLOGG P 2018-12-01 2020-12-15
200,000 BOND-NEXTERA P 2018-12-01 2020-12-31
200,000 BOND-WELLS FARGO P 2019-01-15 2021-01-22
200,000 BOND-APPLE P 2019-03-31 2021-05-06
200,000 BOND-CATERPILLAR P 2019-04-15 2021-05-27
200,000 BOND-UNION PACIFIC P 2019-04-15 2021-06-08
200,000 BOND-WALMART P 2019-05-01 2021-06-23
(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 1,235,702   321,256 914,446
b 414,522   374,527 39,995
c 431,165   388,313 42,852
d 195,825   189,623 6,202
e 466,820   457,203 9,617
2,622     2,622
207,570   216,492 -8,922
216,492   200,000 16,492
150,000   154,350 -4,350
200,000   201,510 -1,510
200,000   206,380 -6,380
200,000   196,888 3,112
200,000   200,882 -882
11   6 5
200,000   204,632 -4,632
206,804   204,808 1,996
200,000   199,054 946
200,000   201,600 -1,600
200,000   204,826 -4,826
200,000   200,096 -96
200,000   201,390 -1,390
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       914,446
b       39,995
c       42,852
d       6,202
e       9,617
      2,622
      -8,922
      16,492
      -4,350
      -1,510
      -6,380
      3,112
      -882
      5
      -4,632
      1,996
      946
      -1,600
      -4,826
      -96
      -1,390
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 1,003,697
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 16,636
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 16,636
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 16,636
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 6,025
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 6,025
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 10,611
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 taxBullet   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$ 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)
    bulletIL
    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 addressbulletKATHY.PILCHARD@GMAIL.COM
    14
    The books are in care ofbulletROBERT C PACILIO Telephone no.bullet (847) 963-8900

    Located atbullet508 N PLUM GROVE ROADPALATINEIL ZIP+4bullet60067
    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
     
    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
    KEVIN J RYAN PRESIDENT/DIRECTOR
    5.00     		172,000 0 0
    6502 JOLIET ROAD STE C
    COUNTRYSIDE,IL60525
    ALEXA RYAN SECRETARY/DIRECTOR
    1.00     		22,000 0 0
    6502 JOLIET ROAD STE C
    COUNTRYSIDE,IL60525
    ROBERT C PACILIO TREASURER/DIRECTOR
    5.00     		0 0 0
    508 N PLUM GROVE ROAD
    PALATINE,IL60067
    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
    GLENVIEW STATE BANK INVESTMENT FEES 85,313
    800 WAUKEGAN ROAD
    GLENVIEW,IL60025
    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 GRANTING OF SCHOLARSHIP BASED ON FINANCIAL NEED AND SCHOLASTIC ABILITY 981,515
    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
    23,251,475
    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
    23,251,475
    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
    23,251,475
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    348,772
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    22,902,703
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,145,135
    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
    1,145,135
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    16,636
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    16,636
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,128,499
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    600,000
    5
    Add lines 3 and 4............................
    5
    1,728,499
    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
    1,728,499
    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
    1,103,170
    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) Click to see attachment.................
    3b
    775,000
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,878,170
    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
    1,878,170
    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 1,728,499
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 1,874,911
    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$ 1,878,170
    a Applied to 2019, but not more than line 2a 1,874,911
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 3,259
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		1,725,240
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    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:
    ROBERT C PACILIO
    PO BOX 1596
    FRANKFORT,IL60423
    (312) 965-1063
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION FORMS AVAILABLE
    cAny submission deadlines:
    NOVEMBER 15
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    APPLICANTS MUST BE GRADUATING FROM ONE OF THE HIGH SCHOOLS PARTICIPATING IN THE SCHOLARSHIP PROGRAM.
    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
    MOHAMAD ALWOUSAWI
    184 PENNY LANE
    BOLINGBROOK,IL60440     		  I SCHOLARSHIP 7,686
    AARTI GOHEL
    9342 TWIN OAKS LN
    DES PLAINES,IL60016     		  I SCHOLARSHIP 7,479
    CARISA ARROYO
    687 TALLGRASS LN
    LAKE VILLA,IL60046     		  I SCHOLARSHIP 8,000
    ADRIANA DURAKI
    8436 N ORIOLE AVE
    NILES,IL60714     		  I SCHOLARSHIP 8,000
    AIMEE SOTO
    5214 W DRUMMOND
    CHICAGO,IL60639     		  I SCHOLARSHIP 7,251
    ALANA COX
    9930 S CHARLES ST
    CHICAGO,IL60643     		  I SCHOLARSHIP 8,000
    ALEXANDER VODAK
    1464 BAILEY ROAD
    SYCAMORE,IL60178     		  I SCHOLARSHIP 5,549
    ALEXANDRA JERBI
    404 WINDING TRAIL
    GENOA,IL60135     		  I SCHOLARSHIP 8,000
    ALEXIS SAFSTROM
    8876 S KOLMAR AVE
    HOMETOWN,IL60456     		  I SCHOLARSHIP 2,534
    ALEXIS WILLIAMS
    2860 CENTURIAN LN
    NEW LENOX,IL60451     		  I SCHOLARSHIP 262
    ALI THAHAB
    1601 GRANGE RD
    DE KALB,IL60115     		  I SCHOLARSHIP 7,198
    STEPHEN BELL
    2403 E 72ND ST UNIT 2B
    CHICAGO,IL60649     		  I SCHOLARSHIP 8,000
    ALLESANDRO BELTRAN
    2418 W AUGUSTA BLVD
    CHICAGO,IL60622     		  I SCHOLARSHIP 8,000
    ANAYELI MORALES
    1728 N ROSE ST APT 1B
    PALATINE,IL60074     		  I SCHOLARSHIP 8,000
    ANNA EDAT
    102 TELAVISTA CT
    VERNON HILLS,IL60061     		  I SCHOLARSHIP 5,158
    THOMAS BOYLE
    9727 S LAWNDALE
    EVERGREEN PARK,IL60805     		  I SCHOLARSHIP 8,000
    TAYLOR BRADSHAW
    41 GLENBROOK DRIVE
    PROSPECT HTS,IL60070     		  I SCHOLARSHIP 7,358
    ARTUR KONOPKA
    136 N EDGEWOOD AVE
    LA GRANGE,IL60525     		  I SCHOLARSHIP 8,000
    AXCEL CARRASCO
    8625 S KOLMAR AVE
    CHICAGO,IL60652     		  I SCHOLARSHIP 8,000
    AYANA PEARL BLAIR
    830 COREY LANE APT 220
    WHEELING,IL60090     		  I SCHOLARSHIP 8,000
    ELENA BREWER
    823OACH RD 7
    PALATINE,IL60074     		  I SCHOLARSHIP 8,000
    BRIDID CONROY
    229 S MAIN ST
    SYCAMORE,IL60178     		  I SCHOLARSHIP 8,000
    DESMOND BROWN
    4634 BUTTERFIELD RD
    HILLSIDE,IL60162     		  I SCHOLARSHIP 8,000
    XIOMARA CARMONA
    1507 N WINSLOWE DR APT 3A
    PALATINE,IL60074     		  I SCHOLARSHIP 1,479
    JUAN CASTRO
    273 CLOVERLEAF CT
    DE KALB,IL60115     		  I SCHOLARSHIP 8,000
    ZOHAA CHOUDHRY
    382 E RIMINI CT
    PALATINE,IL60074     		  I SCHOLARSHIP 3,194
    CECILIA CRANE
    9653 S RIDGEWAY AVE
    EVERGREEN PARK,IL60805     		  I SCHOLARSHIP 8,000
    KIYA COCKRELL
    4520 S KING DR 1
    CHICAGO,IL60653     		  I SCHOLARSHIP 8,000
    ASHLEY CRUZ
    682 E ALGONQUIN RD
    DES PLAINES,IL60016     		  I SCHOLARSHIP 7,498
    CLAIRE SHEEHAN
    9626 S LAWNDALE
    EVERGREEN PARK,IL60805     		  I SCHOLARSHIP 8,000
    CLAY WARD
    420 W LINCOLN HWY
    DEKALB,IL60115     		  I SCHOLARSHIP 8,000
    DAVID RUVINSKIY
    1575 SANDPEBBLE DR APT 111
    WHEELING,IL60090     		  I SCHOLARSHIP 1,835
    DONALD MASCIO
    6649 KOMENSKY
    CHICAGO,IL60629     		  I SCHOLARSHIP 8,000
    MEGHAN DOWD
    10335 S AVERS AVE
    CHICAGO,IL60655     		  I SCHOLARSHIP 6,803
    EDITH MERCADO
    21 EVERGREEN CT
    GENOA,IL60135     		  I SCHOLARSHIP 6,456
    ELIZABETH BARRERA-VARGAS
    904 MCKINLEY AVE
    MUNDELEIN,IL60060     		  I SCHOLARSHIP 8,000
    ANDY GARCIA
    2115 N KILBOURN AVE
    CHICAGO,IL60639     		  I SCHOLARSHIP 8,000
    JOHN GARCIA
    24 WHEELING AVE APT 108
    WHEELING,IL60090     		  I SCHOLARSHIP 560
    EMILIA WOJCIAK
    308 S WAVERLY PL
    MT PROSPECT,IL60056     		  I SCHOLARSHIP 8,000
    LANDON GARCIA
    144 E LARK AVE
    CORTLAND,IL60112     		  I SCHOLARSHIP 8,000
    EMILIE SCHRAMER
    828 N 9TH ST
    DE KALB,IL60115     		  I SCHOLARSHIP 6,921
    ERIN KARASEWSKI
    275 HEATHERFIELD LANE
    DEKALB,IL60115     		  I SCHOLARSHIP 8,000
    FATIMA GOMEZ
    3348 W 63RD ST
    CHICAGO,IL60628     		  I SCHOLARSHIP 7,066
    MCKENZIE GARLAND
    3055 WOLF CT
    DE KALB,IL60115     		  I SCHOLARSHIP 6,738
    FRANCISCO LOZANO
    2315 HAWTHORNE LN
    SYCAMORE,IL60178     		  I SCHOLARSHIP 4,474
    FRANK VITAL
    31 COUNTRY CLUB DR
    COUNTRYSIDE,IL60525     		  I SCHOLARSHIP 8,000
    GABRIELLA TRAN
    7419 N WASHTENAW AVE
    CHICAGO,IL60645     		  I SCHOLARSHIP 5,579
    TAHRHON HAYNES
    P O BOX 281
    LANSING,IL60438     		  I SCHOLARSHIP 2,400
    GRACE JOHNSON
    317 OSCAR CT
    SYCAMORE,IL60178     		  I SCHOLARSHIP 8,000
    HUGH GORMAN
    10606 S MAPLEWOOD
    CHICAGO,IL60655     		  I SCHOLARSHIP 8,000
    HUI ZHU
    119 E LOCUST ST
    DE KALB,IL60115     		  I SCHOLARSHIP 7,900
    IRENE CARABALLO
    4846 W HOMER
    CHICAGO,IL60639     		  I SCHOLARSHIP 8,000
    ISAIAH CREWS
    1319 N LINDEN
    BLOOMINGTON,IL61701     		  I SCHOLARSHIP 3,197
    IZABELA BILSKA
    3045 N OCONTO AVE
    CHICAGO,IL60707     		  I SCHOLARSHIP 8,000
    SIOBAHN HICKEY
    9231 S 55TH CT
    OAK LAWN,IL60453     		  I SCHOLARSHIP 8,000
    SARIUNA IUMOZHAPVOA
    87258 N OKETO AVE APT 2
    NILES,IL60714     		  I SCHOLARSHIP 8,000
    JADE MILLER
    402 S HAMLIN
    CHICAGO,IL60624     		    SCHOLARSHIP 8,000
    JAINIL MODI
    8804 PROSPECT ST
    NILES,IL60714     		    SCHOLARSHIP 8,000
    JAYNA MASTERS
    405 PRESERVE DR
    GENOA,IL60135     		    SCHOLARSHIP 8,000
    JESSICA JIMENEZ
    775 BENNETT DR
    ELGIN,IL60120     		    SCHOLARSHIP 6,476
    JESSICA SANCHEZ
    48 SCHOENBECK RD
    WHEELING,IL60090     		  I SCHOLARSHIP 8,000
    JIGARBHAI PATEL
    8853 N WASHINGTON ST UNIT D
    NILES,IL60714     		  I SCHOLARSHIP 8,000
    JOELY CRUZ-SAUBERT
    2120 N 1ST ST
    DE KALB,IL60115     		  I SCHOLARSHIP 8,000
    NIKOLA IVOSEVIC
    15420 E 127TH ST
    LEMONT,IL60439     		  I SCHOLARSHIP 2,909
    JOSE RODRIQUEZ
    732 PIPER LN APT 3A
    PROSPECT HTS,IL60070     		  I SCHOLARSHIP 7,913
    JOSEPHINE HOPPENWORTH
    1215 UNIVERSITY DR
    DE KALB,IL60115     		  I SCHOLARSHIP 5,922
    DIEGO JIMENEZ
    7732 LAVERGNE AVE
    BURBANK,IL60459     		  I SCHOLARSHIP 8,000
    JOSIAH CHONG
    3530 TREATY LN
    HOFFMAN ESTATES,IL60192     		  I SCHOLARSHIP 5,692
    JULIA HRYC
    76 TIMBERLINE DR
    LEMONT,IL60439     		  I SCHOLARSHIP 8,000
    JULIA MCGIVERN
    10131 S TURNER AVE
    EVERGREEN PARK,IL60805     		  I SCHOLARSHIP 6,648
    JULIAN GOMEZ
    1267 ARBOR DR
    LEMONT,IL60439     		  I SCHOLARSHIP 8,000
    MALAYAH JOHNSON
    3053 W WARREN BLVD APT 2
    CHICAGO,IL60612     		  I SCHOLARSHIP 8,000
    KADEJA LOVE
    5326 W CONGRESS PRKW
    CHICAGO,IL60644     		  I SCHOLARSHIP 1,152
    KARL HIDALGO
    7436 FOSTER ST
    MORTON GROVE,IL60053     		  I SCHOLARSHIP 8,000
    KARLA E PEREZ LOPEZ
    1B E DUNDEE QUARTER DR
    PALATINE,IL60074     		  I SCHOLARSHIP 8,000
    EMA KAUNAS
    931 SINGER AVE
    LEMONT,IL60439     		  I SCHOLARSHIP 6,940
    KAYLEE WOLFE
    4010 N BRANDYWINE DR APT 1317
    PEORIA,IL61614     		  I SCHOLARSHIP 5,970
    JAMES KECK
    824 HAISH BLVD
    DEKALB,IL60115     		  I SCHOLARSHIP 6,312
    KEREN PARRA
    8836 N WESTERN AVE APT 1D
    DES PLAINES,IL60016     		  I SCHOLARSHIP 8,000
    TYLER KOWALCZYK
    12735 MAYFAIR DR
    LEMONT,IL60439     		  I SCHOLARSHIP 8,000
    KOURTNEY SCHUETZ
    1542 HEATHER CT B1
    WHEELING,IL60090     		  I SCHOLARSHIP 8,000
    KYNDAL KIRKENDALL
    1634 DOWNING
    WESTCHESTER,IL60154     		  I SCHOLARSHIP 5,819
    LEAH FOWLER
    612 STEARN DR
    GENOA,IL60135     		  I SCHOLARSHIP 8,000
    LILLIAN VERZOSA
    8537 N MILWAUKEE APT 1E
    NILES,IL60714     		  I SCHOLARSHIP 5,909
    NICOLE LACH
    9080 BUCKINGHAM PARK DR
    DES PLAINES,IL60016     		  I SCHOLARSHIP 5,139
    DAVID LOPEZ
    1229 E LONG VALLEY DR APT 1A
    PALATINE,IL60074     		  I SCHOLARSHIP 4,711
    MARIA A BLANCAS
    356 FLETCHER DR
    WHEELING,IL60090     		  I SCHOLARSHIP 8,000
    MARIA MASCOTE
    725 N 12TH ST
    DEKALB,IL60115     		  I SCHOLARSHIP 1,849
    MATTHEW ANGEL
    1211 S 2ND ST
    DE KALB,IL60115     		  I SCHOLARSHIP 5,574
    MAURA GRIBBLE
    10133 S ARTESIAN AVE
    CHICAGO,IL60655     		  I SCHOLARSHIP 8,000
    MARTIN LOUGHNEY
    3642 W 107TH PL
    CHICAGO,IL60655     		  I SCHOLARSHIP 8,000
    ANNA MARATOS
    8640 W STOLTING ROAD
    NILES,IL60714     		  I SCHOLARSHIP 8,000
    MICHAEL DOW
    603 WILLOW ST
    MAPLE PARK,IL60151     		  I SCHOLARSHIP 6,600
    MICHAEL MARTINO
    5413 CENTRAL AVE
    WESTERN SPRINGS,IL60558     		  I SCHOLARSHIP 8,000
    SAMANTA MAZUR
    8412 BAY COLONY RD UNIT 3N
    DES PLAINES,IL60016     		  I SCHOLARSHIP 8,000
    MIORA MCGUIRE
    10013 S SPAULDING AVE
    EVERGREEN PARK,IL60805     		  I SCHOLARSHIP 8,000
    LYNESE MARIE MCINTOSH
    14527 S LASALLE ST
    RIVERDALE,IL60827     		  I SCHOLARSHIP 2,940
    CHARLOTTE MEDINA
    108 ANDRESEN CT
    DE KALB,IL60115     		  I SCHOLARSHIP 3,423
    NICHOLAS ALEXANDER
    1100 COUNTRY CT
    CRETE,IL60417     		  I SCHOLARSHIP 8,000
    NICHOLAS F WOJCICKI
    4841 FAIR ELMS AVENUE
    WESTERN SPRINGS,IL60558     		  I SCHOLARSHIP 8,000
    PAOLA GORDILLO
    3809 W 56TH ST
    CHICAGO,IL60629     		  I SCHOLARSHIP 3,427
    PARTH PATEL
    9263 DEE RD
    DES PLAINES,IL60016     		  I SCHOLARSHIP 7,703
    JOSELYN MENDEZ
    7919 MERRIMAC AVE
    BURBANK,IL60459     		  I SCHOLARSHIP 5,400
    PERLA SOLANO
    890 PIPER LANE
    PROSPECT HTS,IL60070     		  I SCHOLARSHIP 8,000
    ASHLEY MONTANO
    325 E LINCOLN ST
    SYCAMORE,IL60178     		  I SCHOLARSHIP 4,350
    AMBER MOORE
    1411 CLARK ST
    DE KALB,IL60115     		  I SCHOLARSHIP 8,000
    RACHEL D'CRUZ
    120 W WOOD ST
    PALATINE,IL60067     		  I SCHOLARSHIP 8,000
    RAUL J ANDRADE
    3832 GROVE AVE
    BERWYN,IL60402     		  I SCHOLARSHIP 8,000
    RAFAL MUCHA
    6112 W 83RD ST
    BURBANK,IL60459     		  I SCHOLARSHIP 6,777
    MARTIN MURRAY
    10325 S SAWYER AVE
    CHICAGO,IL60655     		  I SCHOLARSHIP 8,000
    RUSSEL WAGNER
    1360 E DOROTHY
    PALATINE,IL60074     		  I SCHOLARSHIP 8,000
    LYDIA MYERS
    2228 COLTONVILLE RD
    SYCAMORE,IL60178     		  I SCHOLARSHIP 6,600
    SAMUEL PINARGOTE
    2018 N RAND RD
    PALATINE,IL60074     		  I SCHOLARSHIP 2,410
    MARGARET O'MALLEY
    9548 S RIDGEWAY AVE
    EVERGREEN PARK,IL60805     		  I SCHOLARSHIP 8,000
    SERENA JACKSON
    4201 W 21ST ST
    CHICAGO,IL60623     		  I SCHOLARSHIP 8,000
    STEFAN REBIC
    33 W DELAWARE PL UNIT 25B
    CHICAGO,IL60610     		  I SCHOLARSHIP 8,000
    STEPHAN R KAMZOL
    120 MURET CT
    WHEELING,IL60090     		  I SCHOLARSHIP 6,600
    STEPHANIE ALONSO
    3335 W 71ST STREET
    CHICAGO,IL60629     		  I SCHOLARSHIP 7,508
    SVETLANA OLEINIKOVA
    5425 W WINDSOR AVE
    CHICAGO,IL60630     		  I SCHOLARSHIP 8,000
    THOMAS CONLON
    9519 S HAMLIN
    EVERGREEN PARK,IL60805     		  I SCHOLARSHIP 5,488
    THOMAS GLEESON
    9825 S KOSTNER
    OAK LAWN,IL60453     		  I SCHOLARSHIP 8,000
    TIARA HAUGHTON
    950 N COUNTRYSIDE
    PALATINE,IL60067     		  I SCHOLARSHIP 8,000
    TIMOTHY ERVIN II
    136 TUPELO AVE
    NAPERVILLE,IL60540     		  I SCHOLARSHIP 8,000
    TODD DURHAM
    216 S BROWN STREET
    GENOA,IL60135     		  I SCHOLARSHIP 7,925
    TREVOR LEONARD
    209 PIONEER PL
    NEW LENOX,IL60451     		  I SCHOLARSHIP 8,000
    SUNG PARK
    214 MERRY OAKS DR
    SYCAMORE,IL60178     		  I SCHOLARSHIP 7,600
    VIKTORIO TZAREVSKI
    106 PATRICIA
    PROSPECT HTS,IL60070     		  I SCHOLARSHIP 7,993
    VRUTIK PATEL
    510 N ELMHURST
    MT PROSPECT,IL60056     		  I SCHOLARSHIP 8,000
    JAZMINE PITTMAN
    314 3C BEACH AVE
    LAGRANGE PARK,IL60526     		  I SCHOLARSHIP 7,215
    ZACHARY MCFARLAND
    10S455 RUTH DR
    LEMONT,IL60439     		  I SCHOLARSHIP 8,000
    IAIN PURDOM
    12 PRIMROSE LN
    SYCAMORE,IL60178     		  I SCHOLARSHIP 8,000
    ZOE SCHMIDT
    1170 S 2ND AVE
    DES PLAINES,IL60016     		  I SCHOLARSHIP 8,000
    MADISON PYTKA
    17029 WESTWOOD CIRCLE
    ORLAND HILLS,IL60487     		  I SCHOLARSHIP 8,000
    EMMETT RAMOS
    6900 S KEDVALE AVE
    CHICAGO,IL60629     		  I SCHOLARSHIP 7,060
    ANTHONY RAPHAEL-MCELROY
    4604 S HOMAN
    CHICAGO,IL60632     		  I SCHOLARSHIP 8,000
    CRISTIAN ROMANIZ
    1505 CRIMSON LANE APT 1B
    PALATINE,IL60074     		  I SCHOLARSHIP 3,062
    OLIVIA RUIZ
    3911 W MARQUETTE RD
    CHICAGO,IL60629     		  I SCHOLARSHIP 6,000
    LEWEL SANDERS
    320 CENTRAL AVE
    GENOA,IL60135     		  I SCHOLARSHIP 7,531
    MORGAN SIERS
    31120 DANIELS DR
    GENOA,IL60135     		  I SCHOLARSHIP 8,000
    ZOE SWICK
    8628 WYMAN DR
    TINLEY PARK,IL60487     		  I SCHOLARSHIP 8,000
    NATALIA SZYPCIO
    8905 KNIGHT AVE 306
    DES PLAINES,IL60016     		  I SCHOLARSHIP 8,000
    BENJAMIN TAALMAN
    215 EAST AVE
    PARK RIDGE,IL60068     		  I SCHOLARSHIP 6,688
    JANIE TERNES
    10709 S TRIPP CT
    OAK LAWN,IL60453     		  I SCHOLARSHIP 6,598
    DEDUCTED IN PRIOR YEAR
    508 N PLUM GROVE RD
    PALATINE,IL60067     		  I SCHOLARSHIP -2,893
    Total .................................bullet 3a 981,515
    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....     14 472,754  
    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 ............     		    14 1,003,697  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,476,451 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,476,451
    (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:
    A FRANKLIN PILCHARD FOUNDATION
     
    C/O MPO & CO
    EIN:
    36-3723290
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MPO & CO., 508 N. PLUM GROVE RD., PALATINE, IL 60067 44,470 10,000   34,470

    TY 2020 CashDistributionExplnStmt
    Name:
    A FRANKLIN PILCHARD FOUNDATION
     
    C/O MPO & CO
    EIN:
    36-3723290
    Explanation:
    THE FOUNDATION GIVES SCHOLARSHIPS UP TO $8,000. PER YEAR FOR FOUR YEARS. THE AMOUNTS SET ASIDE ARE AN ESTIMATE OF THE REMAINING AMOUNT OF THE SCHOLARSHIPS THAT HAVE BEEN AWARDED.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    A FRANKLIN PILCHARD FOUNDATION
     
    C/O MPO & CO
    EIN:
    36-3723290
    Name of Bond End of Year Book Value End of Year Fair Market Value
    200000 BD-LOWES 200,852 200,852
    200,000 BD-GOLDMAN SACHS 200,696 200,696
    200,000 BD-WALMART 211,962 211,962
    150000 BD-APPLE 159,181 159,181
    200,000 BD-THE CLOROX CO 217,460 217,460
    200,000 BD-MICROSOFT 202,360 202,360
    27017/25986 AB BD FD INC 216,943 216,943
    200,000 BD-WALT DISNEY 206,480 206,480
    200,000 BD-GENERAL DYNAMICS 216,816 216,816
    200,000 BD-MCCORMICK 211,022 211,022
    200,000 BD-ORACLE 213,034 213,034

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    A FRANKLIN PILCHARD FOUNDATION
     
    C/O MPO & CO
    EIN:
    36-3723290
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3200 SHS-JOHNSON&JOHNSON 527,168 527,168
    4000 SHS-PROCTOR&GAMBLE 539,720 539,720
    7200 SHS-MICROSOFT 1,950,480 1,950,480
    8000 SHS- PFIZER INC 313,280 313,280
    4000 SHS-PEPSICO 592,680 592,680
    11800 SHS-CISCO SYSTEMS 625,400 625,400
    2900 SHS-AUTOMATIC DATA PROCESSING 575,998 575,998
    6400 SHS-TEXAS INSTRUMENTS 1,230,720 1,230,720
    5700 SHS-SYSCO 443,175 443,175
    10000 SHS-STARBUCKS 1,118,100 1,118,100
    3000 SHS-STRYKER 779,190 779,190
    4000 SHS-CATERPILLAR 870,520 870,520
    2000 SHS-FEDEX 596,660 596,660
    400 SHS-ALPHABET-A 976,716 976,716
    3200 SHS-MCDONALD'S 739,168 739,168
    9000 SHS-AT&T 259,020 259,020
    5000 SHS-ABBOTT LABS 579,650 579,650
    3600 SHS-CME GROUP 765,648 765,648
    2700 SHS-CHEVRON 282,798 282,798
    6000 SHS-EMERSON ELECTRIC 577,440 577,440
    3000 SHS-EXXON MOBIL 189,240 189,240
    2700 SHS-APPLE COMPUTER 1,479,168 1,479,168
    5000 SHS-INTEL 280,700 280,700
    201 SHS-ALPHABET-C 503,770 503,770
    2400 SHS-GILEAD 165,264 165,264
    2154/1314 SHS-ISHARES SHORT TERM 1-5 118,061 118,061
    3703/2759/ SHS-PGIM JENNISON GROWTH 265,585 265,585
    3081/2816 SHS-VIRTUS KAR SMALL-CAP 168,584 168,584
    2800 SHS-ROYAL DUTCH SHELL 108,724 108,724
    5000 SHS-SCHLUMBERGER 160,050 160,050
    3307/1777 SHS-T ROWE PRICE GROWTH 370,423 370,423
    5648/2601 SHS-VANGUARD INDEX TRUST 612,704 612,704
    10918/5333 SHS-MORGAN STANLEY INST FD 324,152 324,152
    28538/42840 SHS-LORD ABBETT 242,568 242,568
    524/994 SHS-ISHARES TREASURY 75,639 75,639
    4867/4666 VANGUARD/WELLESLEY INCOME FD 346,833 346,833
    887/886 SPDR SER TR 39,223 39,223
    1187/840 SHS-DBX ETF TRUST 47,848 47,848
    48143 LORD ADDETT SHORT DURATION 202,201 202,201
    5297 SHS-JAMES ALPHA FDS 104,140 104,140
    2100 SHS-I SHARES MBS ETF 227,283 227,283
    1185 SHS-BLACKSTONE ETF 54,854 54,854
    670 SHS-I SHARES 7-10 YR TREAS 77,378 77,378
    2069 SHS-I SHARES 7-10 YEAR CORP BOND 125,216 125,216
    992 SHS-VIATRIS 14,176 14,176

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    A FRANKLIN PILCHARD FOUNDATION
     
    C/O MPO & CO
    EIN:
    36-3723290
    US Government Securities - End of Year Book Value:

    2,884,670
    US Government Securities - End of Year Fair Market Value:

    2,884,670
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    A FRANKLIN PILCHARD FOUNDATION
     
    C/O MPO & CO
    EIN:
    36-3723290
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    RBC INSURED DEPOSITS FMV 34,009 34,009

    TY 2020 OtherAssetsSchedule
    Name:
    A FRANKLIN PILCHARD FOUNDATION
     
    C/O MPO & CO
    EIN:
    36-3723290
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST 33,891 22,890 22,890


    TY 2020 OtherExpensesSchedule
    Name:
    A FRANKLIN PILCHARD FOUNDATION
     
    C/O MPO & CO
    EIN:
    36-3723290
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS EXPENSES 2,955 0   2,955
    FARM EXPENSES 1,342 1,342   0


    TY 2020 OtherIncreasesSchedule
    Name:
    A FRANKLIN PILCHARD FOUNDATION
     
    C/O MPO & CO
    EIN:
    36-3723290
    Description Amount
    APPRECIATION OF INVESTMENTS 5,138,547


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    A FRANKLIN PILCHARD FOUNDATION
     
    C/O MPO & CO
    EIN:
    36-3723290
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TRUST MANAGEMENT FEES: 0 0   0
    GLENVIEW STATE BANK, GLENVIEW, IL 85,313 85,313   0
    RBC CAPITAL MARKETS, OAKBROOK, IL 32,966 32,966   0