Form990-PF
Click to see attachment

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 Brunckhorst Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)6800 Jericho Turnpike 206E
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Syosset, NY11791
A Employer identification number

23-7000850
B Telephone number (see instructions)

(917) 282-6135
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$165,975,478J 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) 17,800,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,407 1,407  
4 Dividends and interest from securities... 6,367,667 6,361,249  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -221,366
b Gross sales price for all assets on line 6a 8,469,744
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........ 23,947,708 6,362,656  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 147,266     147,266
15 Pension plans, employee benefits....... 11,266     11,266
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 60,000 15,000   45,000
c Other professional fees (attach schedule).... Click to see attachment 643,527 623,527   20,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 316,154      
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 list of attachments 2,378     2,333
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,180,591 638,527   225,865
25 Contributions, gifts, grants paid....... 7,330,000 7,330,000
26 Total expenses and disbursements. Add lines 24 and 25 8,510,591 638,527   7,555,865
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 15,437,117
b Net investment income (if negative, enter -0-) 5,724,129
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............. 11    
2 Savings and temporary cash investments......... 2,111,814 11,072,627 11,072,627
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.......... 397,407 381,253 381,253
10a Investments—U.S. and state government obligations (attach schedule) 1,153,016 Click to see attachment1,098,664 1,152,591
b Investments—corporate stock (attach schedule)....... 54,339,546 Click to see attachment61,870,789 68,855,267
c Investments—corporate bonds (attach schedule)....... 78,042,278 Click to see attachment75,418,632 81,941,222
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 750,527 Click to see attachment2,389,751 2,572,518
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) 136,794,599 152,231,716 165,975,478
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 136,794,599 152,231,716
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 136,794,599 152,231,716
30 Total liabilities and net assets/fund balances (see instructions). 136,794,599 152,231,716
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
136,794,599
2
Enter amount from Part I, line 27a .....................
2
15,437,117
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
152,231,716
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
152,231,716
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 Various Publicly Traded Securities P 2020-01-01 2020-12-31
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 8,469,744   8,691,110 -221,366
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       -221,366
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 -221,366
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 -221,366
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 79,565
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 79,565
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 79,565
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 175,899
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.............. 7 175,899
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 96,334
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet96,334 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletNY
    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. Click to see attachment...............................
    10
    Yes
     
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletRichard Kandel Telephone no.bullet (917) 282-6135

    Located atbullet6800 Jericho Turnpike-Suite 206ESyossetNY ZIP+4bullet11791
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Susan S Kemp Trustee
    4.00     		0    
    910 Merchant Lee Place
    Manakin Sabot,VA231033049
    Barbara Brunckhorst Trustee
    4.00     		0    
    310 Wickham Glen Drive
    Richmond,VA23238
    Richard Todd Stravitz Trustee
    4.00     		0    
    2702 Monument Ave
    Richmond,VA23220
    Frank Brunckhorst III Trustee
    0.00     		0    
    7960 Sanderling Road
    Sarasota,FL34242
    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
    Glen Besa Grant Admin
    20.00     		73,666 5,636  
    4896 Burnham Road
    North Chesterfield,VA23234
    Mark R Doran Grant Admin
    10.00     		41,600 3,182  
    459 Rivergate Drive
    Richmond,VA23238
    Ansley S Clarke Grant Admin
    10.00     		32,000 2,448  
    4480 Springfield Road
    Glen Allen,VA23060
    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
    Kandel & Company Accounting Tax & Mang't 120,000
    6800 Jericho Turnpike-Ste 206E
    Syosset,NY11791
    Wells Fargo Advisors Advisory & Fin'l Mang't 583,527
    5355 Town Center Road
    Boca Raton,FL33486
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    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
    141,843,003
    b
    Average of monthly cash balances.......................
    1b
    5,892,573
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    147,735,576
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    147,735,576
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,216,034
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    145,519,542
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    7,275,977
    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
    7,275,977
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    79,565
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    79,565
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    7,196,412
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    7,196,412
    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
    7,196,412
    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
    7,555,865
    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
    7,555,865
    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
    7,555,865
    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 7,196,412
    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......  
    c From 2017...... 773,530
    d From 2018...... 647,842
    e From 2019...... 942,128
    fTotal of lines 3a through e........ 2,363,500
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 7,555,865
    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)........     		0
    d Applied to 2020 distributable amount..... 7,196,412
    e Remaining amount distributed out of corpus 359,453
    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 2,722,953
    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 ......     		2,722,953
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 773,530
    c Excess from 2018.... 647,842
    d Excess from 2019.... 942,128
    e Excess from 2020.... 359,453
    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).)
    Barbara Brunckhorst
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Planned Parenthood SW Central Flori
    736 Central Ave
    Sarasota,FL34236     		N/A PC General Purpose unless otherwise stated 250,000
    Southern Environmental Law Center
    201 West Main St-Ste 14
    Charlottesville,VA22902     		N/A PC General Purpose unless otherwise stated 500,000
    Chesapeake Bay Foundation Inc
    6 Herndon Avenue
    Annapolis,MD21403     		N/A PC General Purpose unless otherwise stated 250,000
    Richmond SPCA
    2519 Hermitage Road
    Richmond,VA23220     		N/A PC General Purpose unless otherwise stated 200,000
    Center for Reproductive Rights Inc
    199 Water Street-22nd FL
    New York,NY10038     		N/A PC General Purpose unless otherwise stated 300,000
    Environmental Defense Fund Inc
    257 Park Ave So-17th FL
    New York,NY10010     		N/A PC General Purpose unless otherwise stated 350,000
    Earth Justice
    50 California Street-Ste 500
    San Francisco,CA94111     		N/A PC General Purpose unless otherwise stated 425,000
    Tri County Humane Society
    21287 Boca Rio Road
    Boca Raton,FL33433     		N/A PC General Purpose unless otherwise stated 300,000
    American Rivers Inc
    1101 14th Street NW-Ste 1400
    Washington,DC20005     		N/A PC General Purpose unless otherwise stated 200,000
    National Wildlife Federation
    11100 Wildlife Center Drive
    Reston,VA20190     		N/A PC General Purpose unless otherwise stated 100,000
    Natural Resources Defense Fund Inc
    40 West 20th Street
    New York,NY10011     		N/A PC General Purpose unless otherwise stated 225,000
    Nature Conservancy
    4245 North Fairfax Drive-Ste 100
    Arlington,VA22203     		N/A PC General Purpose unless otherwise stated 400,000
    Conservation Fund
    1655 N Fort Myers Drive-Ste 1300
    Arlington,VA22209     		N/A PC General Purpose unless otherwise stated 400,000
    Planned Parenthood-South Florida
    2300 N Florida Mango Dr
    W Palm Beach,FL33409     		N/A PC General Purpose unless otherwise stated 250,000
    Sierra Club Foundation
    2101 Webster St-Ste 1250
    Oakland,CA94612     		N/A PC General Purpose unless otherwise stated 1,260,000
    American Forests
    1220 L Street NW-Ste 750
    Washington,DC20005     		N/A PC General Purpose unless otherwise stated 100,000
    Trust for Public Land
    101 Montgomery Street-Ste 900
    San Francisco,CA94104     		N/A PC General Purpose unless otherwise stated 50,000
    Defenders of Wildlife
    1130 17th Street NW
    Washington,DC20036     		N/A PC General Purpose unless otherwise stated 100,000
    American Humane Association
    1400 16th Street NW-Ste 360
    Washington,DC20036     		N/A PC General Purpose unless otherwise stated 300,000
    National Audubon Society Inc
    225 Varick Street-7th Fl
    New York,NY10014     		N/A PC General Purpose unless otherwise stated 100,000
    Ocean Conservancy
    1300 19th Street NW-8th FL
    Washington,DC20036     		N/A PC General Purpose unless otherwise stated 250,000
    Elephant Sanctuary in Tennessee
    PO Box 393
    Hohenwald,TN38462     		N/A PC General Purpose unless otherwise stated 200,000
    African Wildlife Foundation
    1100 New Jersey Ave SE-Suite 900
    Washington,DC20003     		N/A PC General Purpose unless otherwise stated 120,000
    Humane Society of United States
    1255 23rd Street NW-Ste 450
    Washington,DC20037     		N/A PC General Purpose unless otherwise stated 100,000
    Naral Pro-Choice America Foundation
    1725 Eye St NW-Ste 900
    Washington,DC20006     		N/A PC General Purpose unless otherwise stated 200,000
    Oceana Inc
    1025 Connecticut Ave NW-Ste 200
    Washington,DC20036     		N/A PC General Purpose unless otherwise stated 50,000
    Virginia League for Planned Parenth
    201 N Hamilton Street
    Richmond,VA23221     		N/A PC General Purpose unless otherwise stated 100,000
    National Parks Conservation Associa
    777 6th Street NW-Ste 700
    Washington,DC20001     		N/A PC General Purpose unless otherwise stated 100,000
    Center for Biological Diversity Inc
    PO Box 710
    Tucson,AZ85702     		N/A PC General Purpose unless otherwise stated 100,000
    Greenpeace Fund Inc
    702 H Street NW-Ste 300
    Washington,DC20001     		N/A PC General Purpose unless otherwise stated 50,000
    Total .................................bullet 3a 7,330,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 1,407  
    4 Dividends and interest from securities....     14 6,361,249 6,418
    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 -221,366  
    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)..   6,141,290 6,418
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    6,147,708
    (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.)
    4 Interest & Dividends on Tax Exempt Securities
    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: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    The Brunckhorst Foundation
     
    Employer identification number

    23-7000850
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    The Brunckhorst Foundation
          		Employer identification number
    23-7000850
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Barbara Brunckhorst 2010 Trust
    310 Wickham Glen Drive
     
    Richmond, VA23238

    		$ 800,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Barbara Brunckhorst
    310 Wickham Glen Drive
     
    Richmond, VA23238

    		$ 17,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    The Brunckhorst Foundation
          		Employer identification number

    23-7000850
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    The Brunckhorst Foundation
          		Employer identification number

    23-7000850
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID: 20011551
    Software Version: 2020v4.0

    TY 2020 AccountingFeesSchedule
    Name:
    The Brunckhorst Foundation
    EIN:
    23-7000850
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Kandel & Company-Accounting & Tax Prep 60,000 15,000 0 45,000

    TY 2020 ContractorCompensationExpln
    Name:
    The Brunckhorst Foundation
    EIN:
    23-7000850
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Contractor Explanation
    Kandel & Company Accounting, Tax Preparation & Management Oversight
    Wells Fargo Advisors Investment advisory and financial management.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    The Brunckhorst Foundation
    EIN:
    23-7000850
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    HSBC Bank USA-5%,9/27/20    
    Jabil Circuit Inc-5.625%,12/15/20    
    Lincoln National Corp-6.25%,2/15/20    
    Nationwide Fin'l Svcs Inc-6.75%,5/15/87 174,000 239,246
    Royal Bank of Scotland-5.65%,8/2/20    
    Luman Technologies Inc-6.45%,6/15/21 201,700 204,042
    Ford Motor Credit-4.25%,9/20/22 201,183 206,432
    GE Capital Corp-5.75%.2/15/23 31,411 32,961
    Goldman Sachs Group-4.85%,5/15/22 50,626 52,509
    Goldman Sachs Group-5%,5/15/22 82,306 85,081
    Ingram Micro Inc-5%,8/10/22 504,438 515,860
    Lloyds TSB Bank-6.5%,9/14/20    
    Morgan Stanlry-5.75%,1/25/21 50,055 50,149
    Morgan Stanlry-4.875%,11/1/22 603,764 646,500
    Weyerhaeuser Co-7.125%,7/15/23 44,069 47,292
    Wyndham Worldwide-4.25%,3/1/22 200,801 204,500
    American Tower-5%,2/15/24 203,837 226,358
    Avon 7.%,3/15/23 306,100 324,360
    Bank of America-5.2%,6/1/23 256,275 260,625
    Citigroup Inc-5.95%,1/30/23 319,664 314,880
    Citigroup Inc-3.5%,5/15/23 88,866 107,142
    Citigroup Inc-5.35%,5/15/23 514,400 520,625
    Citigroup Inc-5.5%,9/13/25 1,721,839 1,964,665
    Ford Motor Co Debenture-7.125%,11/15/25 497,826 515,250
    GE Capital Corp-5.55%,3/15/23 53,320 55,745
    Genworth Holdings Inc-4.9%,8/15/23 999,342 945,000
    Goldman Sachs Group-5.95%,1/15/27 1,323,480 1,537,871
    Indiana Bell Tel-7.3%,8/15/26 283,392 324,222
    International Game Tech-5.35%,10/15/23 458,987 468,000
    JP Morgan Chase-6%,12/29/49 200,663 212,000
    Jefferies Financial Group-5.5%,10/18/23 503,116 550,595
    Lowes Companies-6.5%,3/15/29 118,820 141,892
    Bank of America Corp-6.22%,9/15/26 1,426,058 1,686,526
    Morgan Stanley-4.1%,5/22/23 288,458 325,569
    Pacific Bell-7.125%,3/15/26 223,900 252,930
    Petrobras Global-4.375%,5/20/23 596,223 639,600
    Standard Chartered PLC-5.2%,1/26/24 303,939 332,082
    Truist Financial Corp-6%,2/15/26 598,324 683,713
    Wachovia Bank-6.605%,10/1/25 280,788 318,803
    Glencore Finance Canada-4.25%,10/25/22 96,158 106,517
    Zions Bancorp-7.2%,9/15/2023 102,375 106,500
    Howmet Aerospace Inc-5.875%,2/23/22 305,127 313,875
    Howmet Aerospace Inc-5.125%,10/1/24 281,505 303,829
    Howmet Aerospace Inc-5.9%,2/1/27 193,730 213,694
    Allegheny Technologies-7.825%,8/15/23 310,076 328,302
    Assured Guaranteed-5%,7/1/24 846,610 949,138
    Ball Corp-5%,3/15/22 201,454 209,250
    Bank of America-4.2%,8/26/24 302,539 335,944
    Bellsouth Tele-7%,10/1/25 384,633 427,972
    Banque Populaire CE SA-5.7%,10/22/23 1,238,168 1,358,206
    BPCE SA-5.15%,7/21/24 309,710 341,621
    Buckeye Partners LP-4.15%.7/1/23 100,300 102,750
    Buckeye Partners LP-4.35%.10/15/24 200,660 204,500
    Cadence Design-4.375%,10/15/24 101,059 112,322
    Citigroup Inc-6.3%,5/15/24 622,320 650,400
    Citigroup Inc-4.3%,11/20/26 202,426 232,842
    Constellation Brands-4.25%,5/1/23 501,956 545,020
    Continental Resources-4.5%,4/15/23 175,612 180,442
    DirectTV Holdings-4.45%,4/1/24 201,690 212,526
    El Paso Pipeline Ptrs-4.3%,5/1/24 395,119 442,892
    Enbridge Inc-3.5%,6/10/24 241,417 271,145
    Edgewell Personal Care-4.7%,5/24/22 141,282 145,761
    Flextronics Int'l Ltd-5%,2/15/23 506,171 540,735
    First Energy Corp-4.25%,3/15/23 300,420 316,794
    Freeport McMoran-3.875%,3/15/23 369,434 391,237
    General Motors-4.875%,10/2/23 152,449 166,407
    General Motors-4%,4/1/25 198,305 221,446
    Genworth Holdings Inc-4.8%,2/15/24 211,703 187,000
    Glencore Funding Regs-4.125%,5/30/23 100,394 108,145
    Newmont Corp-3.7%,3/15/23 171,353 183,571
    Goldman Sachs Group-5.1%,8/15/25 104,677 116,680
    Goldman Sachs Group-5.25%,3/15/26 253,170 285,598
    Goldman Sachs Group-5.25%,6/15/27 38,752 42,988
    Goldman Sachs Group-6.065%,12/29/49    
    GTE California Inc-6.75%,5/15/27 348,953 324,710
    Healthsouth Corp-5.75%,11/1/24    
    Icahn Enter Financial-5.875%,2/1/22    
    Jabil Circuit Inc-4.7%,9/15/22 302,229 319,614
    Jefferies Group-5.125%,1/20/23 260,066 278,572
    John Hancock Life-6%,11/15/27 33,784 39,295
    JP Morgan Chase-5.639%,12/29/49 409,996 392,876
    JP Morgan Chase-6.125%,12/29/49 433,247 436,000
    Juniper Networks-4.5%,3/15/24 504,870 557,975
    Kerr Megee Corp-6.95%,7/1/24 218,144 205,560
    Kinder Morgan Energy-4.15%,2/1/24 201,075 218,972
    L Brands Inc-5.625%,2/15/22 202,727 207,250
    M&T Bank Corp-6.45%,12/29/49 221,745 221,500
    Macy's Retail Holdings-6.79%,7/15/27 160,291 130,264
    Morgan Stanley-5.913%,12/29/49 519,816 496,400
    Morgan Stanley-5%,11/24/25 1,006,085 1,165,447
    Motorola Inc-6.5%,9/1/25 110,190 116,499
    Murphy Oil Corp-4%,6/1/22 541,579 550,748
    Bank of America Corp-7.25%,10/15/25 220,225 254,096
    Noble Holding Int'l-3.95%,3/15/22 392,432 7,000
    Nustar Logistics-4.75%,2/1/22 101,035 101,500
    Old Republic Int'l-4.875%,10/1/24 205,049 228,024
    Oneok Partners LP-5%,9/15/23 204,553 219,848
    QVC-4.85%-4/1/24 306,850 323,250
    Qwest Diagnostic-4.25%-4/1/24 251,687 276,602
    Cooperatieve Rabobank UA-4.625%,12/1/23 101,430 111,455
    Seagate HDD Cayman-4.75%,6/1/23 101,877 108,015
    Seagate HDD Cayman-4.75%,1/1/25 254,748 272,032
    Societe Generale-5%,1/17/24 461,304 496,721
    Southtrust Bank-6.565%,12/15/27 171,404 190,552
    Steel Dynamics-5.25%,4/15/23    
    Stifel Financial-4.25%,7/18/24 251,641 280,877
    Synchrony Financial-4.25%,8/15/24 202,006 220,984
    Tesoro Corp-5.375%,10/1/22    
    Time Warner Enter-8.375%,3/15/23 105,650 116,887
    Toll Brothers Fin'l-5.875%,2/15/22 101,412 104,000
    Toll Brothers Finance-4.375%,4/15/23 200,713 212,250
    Toll Brothers Finance-5.625%,1/15/24 204,744 221,000
    Union Carbide-7.5%,6/1/25 90,241 100,314
    URS Corp-5%,4/1/22    
    Verisign Inc-4.625%,5/1/23 400,135 403,500
    Wells Fargo-5.9%,12/29/49 328,100 318,375
    Williams Co-3.7%,1/15/23 631,654 688,564
    Zions Bancorp-4.5%,6/13/23 100,979 108,316
    Alexandra Real Estate-4.5%,7/30/29 75,935 91,553
    Alltel Corp-6.8%,5/1/29 116,539 128,122
    Ameritech Capital-6.55%,1/15/28 475,042 522,988
    Apache Corp-5.25%,2/1/42 216,453 215,568
    AT & T-6.5%,3/15/29 370,529 421,851
    Baker Hughes-6.875%,1/15/29 232,150 263,348
    Ball Corp-4%,11/15/23 199,754 213,000
    Bank of America-3.95%,4/21/25 249,453 281,822
    Bank of America-4.25%,10/22/26 650,723 762,430
    Barclays Bank-4.375%,9/11/24 101,515 111,261
    Bed Bath Beyond-5.165%,8/1/44 213,569 172,000
    Bell Atlantic Pennsylvania-6%,12/1/28 405,998 457,852
    Bellsouth Tele-6.375%,6/1/28 421,533 479,048
    Block Financial-5.25%,10/1/25 253,447 285,870
    Citigroup Inc-4.45%,9/29/27 960,941 1,123,033
    Tapestry Inc-4.25%,4/1/25 495,987 536,415
    Conagra Foods-7.125%,10/1/26 446,949 512,800
    Constellation Brands-4.75%,11/15/24 45,809 51,668
    Cox Communications-6.8%,8/1/28 260,551 293,100
    Deutsche Bank AG-4.5%,4/1/25 199,259 216,966
    Enbridge Inc-4%,10/1/23 193,898 217,544
    Energy Transfer Ptrs-4.05%,3/15/25 96,412 109,700
    Expedia Inc-4.5%,8/15/24 202,520 218,384
    Macy's Inc-6.9%,4/1/29 351,060 269,523
    Bank of America Corp-6.875%,1/15/28 172,968 197,976
    FMC Tech Inc-3.45%,10/1/22 94,640 102,922
    Ford Motor Co-6.625%,10/1/28 914,492 939,960
    Ford Motor Co-6.625%,2/15/28 467,356 460,636
    General Motors Fin Co-4.3%,7/13/25 700,922 784,791
    Goldman Sachs Group-5.5%,6/15/30 81,629 93,577
    Goldman Sachs Group-5%,11/15/30 56,008 64,475
    Verizon Communications Inc-6.94%,4/15/28 458,410 526,264
    GTE Florida Inc-6.86%,2/1/28 54,070 51,420
    Harcourt General Inc-7.2%,8/1/27 114,289 124,140
    Hexcel Corp-4.7%,8/15/25 101,594 112,264
    Hess Corp-3.5%,7/15/24 188,982 210,412
    Service PPTYS Tr-4.65%,3/15/24 202,145 198,000
    Husky Energy-4%,4/15/24 195,514 214,340
    Ingersoll Rand-6.13%,11/18/27 168,637 187,614
    Kohls Corp-4.25%,7/17/25 598,348 648,804
    L-3 Communications-3.95%,5/28/24 97,014 106,525
    Macy's Retail Hldg-6.7%,9/15/28 565,185 457,500
    Morgan Stanley-3.95%,4/23/27 315,212 376,905
    Motorola inc-7.5%,5/15/25 111,183 120,461
    Murphy Oil Corp-4.45%,12/1/22 233,756 253,750
    Nabors Industries-5.1%,9/15/23 454,544 283,500
    Natural Fuel Gas-3.75%,3/1/23 96,557 104,974
    Verizon Communications Inc-6.5%,4/15/28 785,025 868,476
    Oklahoma G & E-6.5%,4/15/28 225,979 260,480
    Oneok Partners LP-4.9%,3/15/25 605,570 682,428
    Freeport McMoran Inc-7.125%,11/1/27 114,907 119,250
    Reliance Steel-4.5%,4/15/23 186,565 199,600
    NatWest Group PLC-6%,12/19/23 105,641 114,286
    Southtrust Bank NA-6.125%,1/9/28 108,789 119,215
    Southwestern Energy-4.1%,3/15/22 99,292 100,500
    Southwestern Energy-6.2%,1/23/25 357,202 364,000
    Spectra Energy Partners-3.5%,3/15/25 94,181 110,268
    Tennessee Gas PL-7%,10/15/28 225,003 260,712
    Time Warner Inc-6.625%,5/15/29 346,889 372,918
    Transalta Corp-4.5%,11/15/22 99,921 103,750
    United Tel Co Fla Inc-7.125%,7/15/23 106,546 110,845
    Unumprovident Corp-6.75%,12/15/28 69,825 75,765
    Qwest Corp-7.25%,9/15/25 109,472 118,250
    Marathon Oil Corp-8.125%,7/15/23 268,779 287,149
    Viacom Inc-3.875%,4/1/24 97,103 109,315
    Viacom Inc-4.25%,9/1/23 199,264 217,736
    Weyerhaeuser Co-6.95%,10/1/27 664,154 756,561
    Willamette Industries-7.35%,7/1/26 113,679 125,067
    Williams Partners-4.5%,11/15/23 300,455 330,756
    Worthington Industries-4.55%,4/15/26 301,724 341,412
    Wyndham Worldwide-3.9%,3/1/23 97,896 102,000
    XLIT Ltd-4.45%,3/31/25 1,016,846 1,141,190
    Bank of Nova Scotia-4.5%,12/16/25 854,980 991,049
    DXC Technology Co-7.45%,10/15/29 117,802 130,743
    Halliburton Co-3.8%,11/15/25 96,487 112,152
    HP Enterprises-4.9%,10/15/25 204,469 233,992
    Keycorp-5%,12/29/49 208,207 216,800
    KLA-Tencor Corp-4.65%,11/1/24 506,369 569,115
    Kohls Corp-4.75%,12/15/23 101,391 106,944
    Lloyds Banking Group-4.65%,3/24/26 151,145 172,634
    Macy's Retail Holdings-3.625%,6/1/24 95,432 95,000
    Mosaic Co-7.5%,11/15/23 199,694 218,292
    Nomura SU Note-3.25%,3.25%,4/30/30    
    Royal Bank Canada-4.65%,1/27/26 305,747 354,159
    Banco Santander SA-5.179%,11/19/25 203,786 234,518
    Wells Fargo & Co-5.875%,12/29/49 111,973 113,375
    Wynn Las Vegas-5.5%,3/1/25 797,646 835,000
    Assured Guaranteed-7%,6/1/34 116,611 134,564
    Brinker Int'l 5%,10/1/24 256,090 260,625
    Citigroup Inc-4.125%,7/25/28 74,427 87,726
    General Motors Fin Co-5.75%,12/31/49 631,840 624,000
    Hess Corp-4.3%,4/15/27 100,447 110,247
    Macy's Retail Hldg-4.375%,9/1/23 200,286 193,642
    Macy's Retail Holdings-6.65%,7/15/24 104,518 97,500
    Nordstrom Inc-6.95%,3/15/28 942,763 966,858
    Truist Financial Corp-5.05%,12/31/49 107,274 101,500
    Abbvie Inc-4.25%,11/14/28 543,134 659,400
    American Int'l Group-4.2%,4/1/28 295,203 356,139
    Anheuser Busch Unbev-4%,4/13/28 880,852 1,061,064
    Assurant Inc-4.9%,3/2728 104,035 114,867
    AT & T Inc-4.3%,2/15/30 100,124 119,454
    Axis Specialty Finance-4%,12/6/27 244,101 278,750
    Bank of America-4.45%,3/3/26 101,061 116,555
    Bank of America-4.183%,11/25/27 444,779 522,040
    Best Buy-4.45%,10/1/28 390,475 478,584
    Boston Properties LP-4.5%,12/1/28 254,152 299,010
    Brookfield Finance-4.25%,6/2/26 99,751 116,322
    Brookfield Finance-3.9%,1/25/28 97,230 114,742
    CA Inc-4.7%,3/15/27 459,997 515,295
    Campbell Soup Co-4.15%,3/15/28 100,926 117,613
    Capital One Fin'l-4.2%,10/29/25 99,802 114,171
    Capital One Fin'l-3.75%,7/28/26 96,691 113,447
    Celgene Corp-3.9%,2/20/28 290,300 340,596
    Centerpoint Energy-6.125%,12/5/58 258,137 261,875
    Citigroup Inc-6.625%,1/15/28 114,124 132,174
    Citrix Systems Inc-4.5%,12/1/27 201,444 235,184
    CNA Financial Corp-4.5%,3/1/26 303,703 352,920
    Credit Suisse Group-4.82%,1/9/28 249,292 288,904
    CVS Health Corp-4.3%,3/25/28 351,858 416,486
    Dell International LLC-6.02%,6/15/26 205,763 243,990
    Delta Air Lines-6.718%,7/2/24 34,680 25,337
    Ebay Inc-3.6%.6/5/27 94,705 113,326
    Equifax Inc-6.9%,7/1/28 495,461 555,041
    Express Scripts H-4.5%,2/25/26 101,508 115,952
    Express Scripts H-3.4%,3/1/27 188,220 219,224
    Bank of America Corp-6.7%,7/15/28 340,811 398,376
    Fluor Corp-4.25%,9/15/28 590,655 598,518
    Ford Motor Co-4.346%,12/8/26 150,930 159,750
    Ford Motor Co-6.375%,2/1/29 111,979 112,280
    General Motors-4.2%,10/1/27 99,526 113,314
    Goldman Sachs Group-3.75%,2/25/26 97,103 113,595
    Goldman Sachs Group-5.3%,12/29/49 104,086 109,222
    Goldman Sachs Group-3.85%,1/26/27 240,626 285,300
    Glencore Funding Regs-4%,3/27/27 191,578 226,236
    Janis Capital Group Inc-4.875%,8/1/25 197,726 230,242
    JP Morgan Chase-4.25%,10/1/27 100,168 118,586
    JP Morgan Chase-3.625%,12/1/27 333,349 397,789
    Kroger Co-3.7%,8/1/27 96,089 114,967
    Lennar Corp-4.75%,5/30/25 100,388 114,250
    Lloyds Banking Group-4.582%,12/10/25 101,553 114,373
    Morgan Stanlry-6.25%,8/9/26 770,210 893,130
    Netflix Inc-5.75%,3/1/24 104,360 112,000
    Nordstrom Inc-4%,3/15/27 98,401 99,115
    Old Republic Int'l-3.875%,8/26/26 96,746 114,865
    Sysco Corp-6.5%,8/1/28 114,300 123,791
    Reynolds American Inc-4.45%,6/12/25 99,049 113,900
    T-Mobile USA Inc-5.375%,4/15/27 71,610 75,506
    Toll Brothers Finance-4.875%,11/15/25 100,995 112,250
    Transcanada Pipelines Ltd-4.25%,5/15/28 99,415 118,115
    Vodafone Group-4.375%,5/30/28 395,433 479,064
    Wells Fargo-4.3%,7/22/27 627,273 732,362
    Welltower Inc-4.25%,4/15/28 250,437 292,217
    Phillips 66-3.9%,3/15/28 97,081 115,148
    Cardinal Health Inc-7%,10/15/26 109,781 128,952
    Altria Group Inc-4.8%,2/14/29 204,441 239,620
    Anheuser Busch Unbev-4.9%,1/23/31 102,744 127,377
    GE Capital Corp-6.75%,3/15/32 202,219 245,360
    Kroger Co-4.5%,1/15/29 202,224 246,348
    Sempre Energy-3.8%,2/1/38 196,680 231,660
    Vodafone Group5%,5/30/38 108,196 130,844

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Brunckhorst Foundation
    EIN:
    23-7000850
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Nextera Energy Inc 410,643 617,200
    Entergy Arkansas-4.9%,12/1/52    
    Nextera-5.125%,11/15/72    
    Pfizer Inc 628,805 736,200
    Truist Financial Corp-5.2%-Pfd F 221,973 230,850
    PNC Financial Services-5.375%-Pfd O    
    Wells Fargo Global Notes PFD O-5.125% 341,340 363,440
    Duke Energy Corp-5.125%,1/15/73 125,000 134,300
    Entergy Louisiana LLC-4.7%,6/1/63    
    Nextera Energy Cap-5%,1/15/73    
    Prudential Fin'l-5.7%,3/15/53    
    Qwest Corp-6.125%-6/1/53    
    Berkley WR Corp-5.625%,4/30/53    
    Zions Bancorp PFD-6.95%,9/15/28 252,646 277,700
    Truist Financial Corp-5.2%,Pfd G 175,492 177,800
    Citigroup Inc-PFD K-6.875% 125,000 143,550
    Citigroup Inc-PFD J-7.125% 250,000 284,400
    Morgan Stanley PFD F-6.875% 375,000 427,500
    Morgan Stanley PFD E-7.125% 375,000 441,150
    Public Storage PFD W-5.2%    
    Public Storage PFD X-5.2%    
    SCE Trust II PFD G-5.1% 137,997 149,995
    US Bancorp-5.15%-PFD H 390,083 400,320
    Wells Fargo & Co PFD Q-5.85% 324,701 349,050
    Qwest Corp-6.875%-10/1/54    
    Commerce Bancshares-6.2%-Pfd B    
    Morgan Stanley-6.625%-Pfd G    
    Northern Trust PFD C-5.85%    
    Wells Fargo & Co PFD T-6%    
    SCE Trust IV PFD J-5.375% 211,946 217,980
    Southern Co-6.25%,10/15/75    
    Capital One Fin'l-Pfd F-6.2%    
    Schwab Charles Pfd C-6% 227,383 228,870
    JP Morgan Chase PFD AA-6.1% 125,000 128,750
    JP Morgan Chase PFD Y-6.125%    
    JP Morgan Chase PFD BB-6.15% 125,000 129,600
    Wells Fargo & Co PFD V-6%    
    Bank of Oklahoma-5.375%,6/30/56 50,000 50,860
    Entergy Arkansas-4.875%,9/1/66 483,721 538,080
    Entergy Louisiana LLC-4.875%,9/1/66 391,738 430,080
    Entergy Mississippi-4.9%,10/1/66 712,954 780,680
    Legg Mason Inc-5.45%,9/15/56 125,000 128,050
    Nextera Energy Cap-K-5.25%,6/1/76 1,185,429 1,262,400
    Southern Co-6.25%,10/1/76 713,192 778,940
    Axis Cap Holdings-Pfd E-5.5% 450,656 492,100
    Bank of America-Pfd EE-6% 125,000 126,700
    Bank of America-Pfd CC-6.2% 125,000 124,950
    Capital One Fin'l-Pfd G-5.2% 1,058,899 1,166,880
    Capital One Fin'l-Pfd B-6%    
    Capital One Fin'l-Pfd H-6% 125,000 132,200
    Citigroup Inc-6.3%-PFD S 253,588 255,600
    Gabelli Div & Inc Tr-PFD G-5.25% 124,106 129,408
    Gabelli Utility Tr PFD C-5.375% 480,037 492,860
    Goldman Sachs Group-PFD N-6.3% 331,172 344,760
    Public Storage PFD E-4.9% 247,454 261,600
    Wells Fargo & Co PFD W-5.7% 223,206 230,400
    Wells Fargo & Co PFD X-5.5% 711,825 760,960
    AT & T Inc-5.35%,11/1/66 1,387,992 1,603,980
    Georgia Power Co-5%,10/1/77 255,585 285,500
    Southern Co-5.25%,12/1/77 298,510 327,720
    Stifel Fin'l-5.2%,10/15/47 50,000 52,500
    Abbott Labs 345,942 591,246
    Cisco Systems Inc 604,776 626,500
    McDonalds Corp 201,913 214,580
    Alabama Power Co-5%-Pfd A 321,339 363,350
    Arch Cap Group-5.45%-Pfd F 126,626 132,500
    First Republic Bank PFD H-5.125% 620,692 674,500
    Kimco Realty Corp PFD M- 5.25% 125,000 133,050
    Morgan Stanley PFD K-585% 831,893 952,050
    Morgan Stanley PFD I-6.375% 250,000 287,000
    PS Business Parks-5.7%-Ser Y 528,676 548,100
    Public Storage PFD D-4.95% 372,577 390,750
    Public Storage PFD G-5.05% 125,000 136,750
    Public Storage PFD F-5.15% 501,506 534,200
    SCE Trust VI-5% Pfd L 317,047 323,476
    Vornado Realty Trust-5.7%-Pfd K 153,750 150,960
    Wells Fargo & Co PFD Y-5.65% 399,376 427,840
    AT & T Inc-5.35%,11/1/66 250,000 276,200
    Brunswick Corp-6.5%,10/15/48 100,000 107,280
    Brunswick Corp-6.625%,1/15/49 1,124,354 1,219,500
    CMS Energy Corp-10/15/78-5.875% 250,000 284,000
    Duke Energy Corp-5.625%,9/15/78 1,162,168 1,352,190
    Ebay Inc PFD-6%,2/1/56 357,291 369,320
    Enbridge Inc PFD B-6.375%,4/15/78 250,000 269,000
    Prudential Fin'l-5.625%,8/15/58 596,766 684,480
    Unum Group-6.25%,6/15/58 200,000 221,200
    Berkley WR Corp-5.7%,3/30/58 125,000 139,950
    Allianzgi-5.625%,Pfd A 550,910 584,100
    Allstate Corp Dep 1/1000 G 830,086 936,210
    Apollo Global Mgmt-6.375% B 381,295 409,200
    Bank of America-Pfd HH-5875% 919,413 1,019,350
    Bank of America-Pfd GG-6% 479,350 528,010
    Firat Republic Bank-PFD P-5.5% 365,937 415,200
    Hartford Fin'l Services-PFD G-6% 1,271,603 1,449,500
    JP Morgan Chase PFD DD-5.75% 1,997,097 2,231,140
    Keycorp PFD F-5.65% 1,000,429 1,138,980
    MetLife Inc PFD E-5.625% 1,468,625 1,667,930
    Nisource Inc Ser B-6.5% 603,606 683,760
    Renaissancere Hldgs PFD F-5.75% 373,188 426,300
    State Street Corp-5.35%-Pfd G 320,072 376,480
    US Bancorp-5.5%-PFD K 759,142 868,945
    Apple Inc 761,802 1,326,900
    AT&T Inc 112,468 86,280
    Coca-Cola Co    
    Deere & Co 238,202 269,050
    Goldman Sachs Group 358,770 395,565
    Home Depot Inc 470,875 531,240
    IBM Corp 632,505 629,400
    Mastercard Inc-CL A 616,691 847,732
    Microsoft Corp 921,889 1,112,100
    National Retail Properties 109,272 81,840
    Starbucks Corp 246,928 320,940
    Walmart Stores 346,113 432,450
    Aegon Funding Co-Pfd 250,000 275,800
    Affiliated Managers Group 125,000 138,750
    American Int'l Group-Pfd A 430,744 479,060
    Air Lease Corp-Pfd A 228,091 235,800
    Allstate Corp-Pfd 250,000 275,800
    Allstate Corp-Pfd H 253,506 279,500
    American EQ Inv-Pfd 75,000 78,060
    American Financial Group-Pfd 250,000 277,400
    Aspen Insurance Hlds-Pfd E 50,000 52,520
    AT&T Inc-Pfd 500,000 542,800
    Athene Holdind Ltd-Pfd A-6.35% 125,000 145,900
    Equitable Holdings PFD A-5.25% 250,000 266,400
    Bank of America-Pfd KK-5.375% 503,106 546,200
    Bank of America-Pfd LL-5% 125,000 136,400
    Berkley WR Corp-Pfd 250,000 269,300
    Brighthouse Financial-Pfd A-6.6% 125,000 139,000
    Brunswick Corp-6.375%,4/15/49 125,000 135,600
    Capital One Fin'l-Pfd P-5% 100,000 106,360
    CIT Group-Pfd B-5.625% 125,000 133,800
    Citzens Fin'l Group-Pfd-5% 250,000 267,300
    Citzens Fin'l Group-Pfd D-6.35% 125,000 144,200
    CMS Energy Corp 758,212 837,300
    Duke Energy Corp PFD-5.75% 250,000 285,100
    First Republic Bank PFD J-4.7% 250,000 264,900
    Ford Motor Co-Pfd-6%,12/1/59 500,000 540,600
    Ford Motor Co-Pfd-6.2%,6/1/59 504,306 543,000
    Goldman Sachs Group PFD J-5.5% 105,763 109,320
    JP Morgan Chase PFD EE-6% 480,332 541,120
    Highland Income Fd-5.375% 250,000 262,400
    Keycorp-PFD G-5.625% 50,000 55,780
    Nexterra Energy Capital-5.65%,3/1/79 250,000 284,100
    PS Business Parks PFD-4.875% 250,000 273,900
    Public Storage PFD H-5.6% 352,006 403,060
    Public Storage PFD J-4.7% 250,000 275,300
    Public Storage PFD K-4.75% 125,000 141,700
    Sempra Energy-5.75%,7/1/79 351,406 398,020
    Spire Inc-Pfd A 100,000 110,960
    Stifel Fin'l Corp PFD B-6.25% 77,953 83,460
    SVB Financial Group PFD-5.25% 250,000 268,800
    3-M Company 518,642 524,370
    Abbvie Inc 190,650 214,300
    Affiliated Mangers Group 250,000 263,700
    Amazon.Com 663,027 651,386
    American Equity Inv 250,000 272,600
    Amgen Inc 478,823 459,840
    Astrazeneca PLC 161,484 149,970
    AT&T Inc-Pfd-4.75% 500,000 535,200
    Berkley WR Corp-4.25%,9/30/2060 12,500 13,140
    Brighthouse Financial-Pfd A-6.75% 250,000 283,800
    Capital One Fin'l-Pfd K-4.625% 125,000 129,050
    Capital One Fin'l-Pfd J-4.8% 500,000 520,000
    Cardinal Health Inc 108,457 107,120
    Caterpillar Inc 229,900 364,040
    Chevron Corp 260,650 253,350
    Colgate Palmolive Co 196,971 196,673
    Conagra Brands Inc 72,040 72,520
    Cummins Inc 436,935 454,200
    Diageo PLC 163,187 158,810
    DTE Energy Pfd-4.375%,10/15/2080 500,000 542,800
    Emerson Electric Co 204,225 241,110
    Exxon Mobil 421,008 412,200
    Freeport McMoran 72,855 78,060
    Gilead Science 85,605 87,390
    Illinois Tool Works Inc 198,213 203,880
    International Paper Co 199,039 198,880
    Johnson & Johnson 149,600 157,380
    JP Morgan Chase 385,672 508,280
    Lockheed Martin Corp 190,977 177,490
    Merck & Co 157,627 163,600
    MetLife Inc PFD F-4.75% 250,000 272,000
    MetLife Inc 227,840 281,700
    Proctor & Gamble Co 249,192 250,452
    Public Storage PFD L-4.625% 250,000 271,400
    Public Storage PFD N-3.875% 250,000 258,200
    Qualcomm Inc 196,445 304,680
    Southern Co PFD 4.2%,10/15/60 250,000 269,200
    Southern Co PFD 4.95% 250,000 274,000
    Target Corp 86,085 88,265
    Truist Financial Corp PFD-4.75% 250,000 276,700
    Truist Financial Corp PFD 5.25% 250,000 278,200
    Unilever PLC 185,499 181,080
    US Bancorp PFD L-3.75% 250,000 252,300
    Verizon Communications Inc 176,700 176,250
    Viatris Inc 34,483 46,494

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    The Brunckhorst Foundation
    EIN:
    23-7000850
    Software ID:
    20011551
    Software Version:
    2020v4.0
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

     
    State & Local Government Securities - End of Year Book Value:


    1,098,664
    State & Local Government Securities - End of Year Fair Market Value:


    1,152,591


    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Brunckhorst Foundation
    EIN:
    23-7000850
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    JP Morgan Equity Inc A AT COST 183,832 337,838
    Entergy Arkansas-4.75%,6/1/63 AT COST    
    Ishares Select Div ETF AT COST 573,968 577,080
    Bank of America-Pfd Y-6.5% AT COST    
    Select Sec SPDR ETF Utilities AT COST 191,960 189,500
    Health Care Select Sec SPDR AT COST 224,210 226,880
    Invesco Exch Traded Fd Tr II AT COST 99,430 102,760
    Ishares Tr GL Clean Energy ETF AT COST 81,989 84,720
    SPDR FTSE/MacQuarie Global AT COST 246,700 249,450
    SPDR S&P 500 ETF Tr AT COST 372,075 373,880
    Utilities Select Sec SPDR ETF AT COST 372,606 388,740
    JP Morgan Chase Alerian MLP AT COST 42,981 41,670

    TY 2020 OtherExpensesSchedule
    Name:
    The Brunckhorst Foundation
    EIN:
    23-7000850
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Employee Travel Expenses 673     673
    Filing Fees 1,500     1,500
    Interest & Service Charges 45      
    Public Notice 160     160


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Brunckhorst Foundation
    EIN:
    23-7000850
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Advisory Fees 583,527 583,527 0 0
    Kandel & Company-Management 60,000 40,000 0 20,000


    TY 2020 SubstantialContributorsSch
    Name:
    The Brunckhorst Foundation
    EIN:
    23-7000850
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name Address
    Barbara Brunckhorst 310 Wickham Glen Drive
    Richmond,VA23238


    TY 2020 TaxesSchedule
    Name:
    The Brunckhorst Foundation
    EIN:
    23-7000850
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Tax -'20 79,565      
    Unrelated Business Tax-'20 236,589