Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
 
Number and street (or P.O. box number if mail is not delivered to street address)10 S DEARBORN IL1-0111
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60603
A Employer identification number

36-6999365
B Telephone number (see instructions)

(800) 496-2583
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$59,887,471J 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... 846,540 846,540  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,179,405
b Gross sales price for all assets on line 6a 13,135,447
7 Capital gain net income (from Part IV, line 2)... 4,179,405
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 64,321    
12 Total. Add lines 1 through 11........ 5,090,266 5,025,945  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 563,138 295,054   268,084
14 Other employee salaries and wages...... 105,403 0 0 105,403
15 Pension plans, employee benefits....... 18,380 0 0 18,380
16a Legal fees (attach schedule)......... Click to see attachment 468 0 0 468
b Accounting fees (attach schedule)....... Click to see attachment 725 362 0 363
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 64,340 14,340   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy.............. 33,465     33,465
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 24,081 2,269   21,812
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 810,000 312,025 0 447,975
25 Contributions, gifts, grants paid....... 2,186,730 2,186,730
26 Total expenses and disbursements. Add lines 24 and 25 2,996,730 312,025 0 2,634,705
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,093,536
b Net investment income (if negative, enter -0-) 4,713,920
c Adjusted net income (if negative, enter -0-)... 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............. 432,773 267,509 267,509
2 Savings and temporary cash investments......... 4,572,630 5,028,976 5,028,976
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 23,076,566 Click to see attachment26,046,048 38,317,831
c Investments—corporate bonds (attach schedule)....... 8,980,063 Click to see attachment8,980,063 9,054,696
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 5,506,086 Click to see attachment4,340,883 7,213,547
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) 4,912 4,912 4,912
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 42,573,030 44,668,391 59,887,471
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........ 42,573,030 44,668,391
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)..... 42,573,030 44,668,391
30 Total liabilities and net assets/fund balances (see instructions). 42,573,030 44,668,391
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
42,573,030
2
Enter amount from Part I, line 27a .....................
2
2,093,536
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
8,951
4
Add lines 1, 2, and 3 ..........................
4
44,675,517
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
7,126
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
44,668,391
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 1. CORTEVA INC   2018-04-09 2020-01-13
b 79. CORTEVA INC   2017-03-14 2020-01-13
c 65. CORTEVA INC   2017-02-22 2020-01-13
d 77. CORTEVA INC   2017-02-22 2020-01-14
e 59.175 CORTEVA INC   2019-06-27 2020-01-14
21.825 CORTEVA INC   2017-02-22 2020-01-14
28. CORTEVA INC   2019-06-27 2020-01-14
23. CORTEVA INC   2019-06-27 2020-01-14
9. CORTEVA INC   2019-06-27 2020-01-14
97. CORTEVA INC   2019-06-27 2020-01-15
112. CORTEVA INC   2019-04-08 2020-01-15
46. CORTEVA INC   2019-06-28 2020-01-15
9. CORTEVA INC   2019-06-28 2020-01-15
54.766 CORTEVA INC   2019-06-28 2020-01-15
4.234 CORTEVA INC   2016-08-10 2020-01-15
70. CORTEVA INC   2015-07-15 2020-01-15
4. CORTEVA INC   2015-07-15 2020-01-15
. AMERICAN INTL GROUP INC     2020-01-16
28. CORTEVA INC   2015-07-15 2020-01-16
25. CORTEVA INC   2015-07-15 2020-01-16
3. CORTEVA INC   2015-07-15 2020-01-16
5. CORTEVA INC   2015-07-15 2020-01-16
233. QUALCOMM INC   2019-05-01 2020-01-23
4. QUALCOMM INC   2019-05-01 2020-01-23
118. EOG RESOURCES INC   2016-05-02 2020-01-28
18. EOG RESOURCES INC   2016-05-25 2020-01-28
9. EOG RESOURCES INC   2016-05-24 2020-01-29
11. EOG RESOURCES INC   2016-05-24 2020-01-29
7. EOG RESOURCES INC   2016-05-24 2020-01-29
87. EOG RESOURCES INC   2016-05-23 2020-01-29
87. EOG RESOURCES INC   2016-05-20 2020-01-29
86. EOG RESOURCES INC   2016-03-07 2020-01-29
114. EOG RESOURCES INC   2016-03-07 2020-01-30
29. EOG RESOURCES INC   2016-03-07 2020-01-30
76. ELECTRONIC ARTS   2018-09-20 2020-02-25
104. ELECTRONIC ARTS   2018-09-20 2020-02-25
25. ACCENTURE PLC   2014-04-22 2020-02-25
121. ACCENTURE PLC   2014-04-03 2020-02-26
304. DISNEY WALT CO   2016-10-07 2020-03-04
699. WELLS FARGO & CO NEW   2009-03-13 2020-03-04
20. ALEXION PHARMACEUTICALS INC   2019-03-14 2020-03-11
4. ALEXION PHARMACEUTICALS INC   2019-03-14 2020-03-11
3. ALEXION PHARMACEUTICALS INC   2019-03-14 2020-03-11
13. DUPONT DE NEMOURS INC-W/D   2018-04-09 2020-03-11
87.941 DUPONT DE NEMOURS INC-W/D   2019-04-08 2020-03-11
370.059 DUPONT DE NEMOURS INC-W/D   2015-07-15 2020-03-11
38. ALEXION PHARMACEUTICALS INC   2019-03-14 2020-03-12
23. ALEXION PHARMACEUTICALS INC   2019-03-14 2020-03-12
53. ALEXION PHARMACEUTICALS INC   2019-03-14 2020-03-13
177. UNITED TECHNOLOGIES CORP   2017-12-05 2020-03-31
187. COMCAST CORP NEW CL A   2019-05-14 2020-04-16
218. COMCAST CORP NEW CL A   2019-03-14 2020-04-16
109. COMCAST CORP NEW CL A   2019-05-14 2020-04-16
4. COMCAST CORP NEW CL A   2019-03-14 2020-04-16
225. COMCAST CORP NEW CL A   2019-01-29 2020-04-16
31. COMCAST CORP NEW CL A   2019-01-29 2020-04-16
46. ROSS STORES INC   2018-12-11 2020-04-16
56. ROSS STORES INC   2018-12-11 2020-04-16
59. ROSS STORES INC   2018-12-11 2020-04-16
192. ROSS STORES INC   2018-12-11 2020-04-16
951. MARATHON PETROLEUM CORPORATION   2018-03-09 2020-04-27
120. ADOBE SYS INC   2012-08-03 2020-05-04
19. ADOBE SYS INC   2012-08-03 2020-05-04
. BIOVAIL CORP     2020-05-08
23100. ISHARES TR RUSSELL MIDCAP INDEX FD   2007-02-21 2020-05-26
5035. ISHARES TR RUSSELL 2000 INDEX FD   2007-02-21 2020-05-26
315. BERKSHIRE HATHAWAY INC DEL CL B   2017-04-20 2020-06-24
604. KEYCORP NEW   2018-10-08 2020-06-30
70. KEYCORP NEW   2018-10-19 2020-06-30
451. PFIZER INC   2015-04-02 2020-06-30
155. KEYCORP NEW   2016-03-01 2020-07-01
46. KEYCORP NEW   2016-03-01 2020-07-01
270. KEYCORP NEW   2016-03-01 2020-07-01
3. KEYCORP NEW   2016-03-01 2020-07-01
119. KEYCORP NEW   2016-03-01 2020-07-01
8. KEYCORP NEW   2016-03-01 2020-07-01
110. KEYCORP NEW   2016-03-01 2020-07-01
226. KEYCORP NEW   2016-03-01 2020-07-02
7. KEYCORP NEW   2016-03-01 2020-07-02
236. KEYCORP NEW   2016-02-29 2020-07-02
12. KEYCORP NEW   2016-02-29 2020-07-02
1316. PFIZER INC   2015-04-02 2020-07-10
64. PFIZER INC   2016-11-09 2020-07-10
159. GENERAL DYNAMICS CORP   2016-08-15 2020-08-04
42. GENERAL DYNAMICS CORP   2016-08-11 2020-08-04
23. GENERAL DYNAMICS CORP   2016-08-10 2020-08-04
167. PHILIP MORRIS INTERNATIONAL   2017-04-24 2020-08-04
67. PHILIP MORRIS INTERNATIONAL   2018-10-24 2020-08-04
16. PHILIP MORRIS INTERNATIONAL   2018-10-24 2020-08-04
228. AUTOMATIC DATA PROCESSING INC   2018-10-19 2020-09-30
41. AUTOMATIC DATA PROCESSING INC   2020-05-04 2020-09-30
17. AUTOMATIC DATA PROCESSING INC   2018-10-19 2020-09-30
10. AUTOMATIC DATA PROCESSING INC   2020-05-04 2020-09-30
18. AUTOMATIC DATA PROCESSING INC   2018-10-23 2020-09-30
33. AUTOMATIC DATA PROCESSING INC   2020-05-04 2020-09-30
108. INTERCONTINENTALEXCHANGE GROUP, INC   2017-01-31 2020-09-30
42. INTERCONTINENTALEXCHANGE GROUP, INC   2017-01-30 2020-09-30
60. INTERCONTINENTALEXCHANGE GROUP, INC   2017-01-30 2020-09-30
27. ALLEGION PLC   2015-10-29 2020-09-30
30. ALLEGION PLC   2015-11-03 2020-09-30
39. ALLEGION PLC   2015-10-30 2020-09-30
24. ALLEGION PLC   2015-10-30 2020-10-01
39. ALLEGION PLC   2015-10-29 2020-10-01
12. ALLEGION PLC   2015-10-28 2020-10-01
8. ALLEGION PLC   2015-10-27 2020-10-01
7. ALLEGION PLC   2015-10-27 2020-10-01
3. ALLEGION PLC   2015-10-27 2020-10-02
88. ALLEGION PLC   2015-10-26 2020-10-02
110. DIAMONDBACK ENERGY INC   2020-01-28 2020-10-05
255. DIAMONDBACK ENERGY INC   2017-05-15 2020-10-05
73. DIAMONDBACK ENERGY INC   2020-01-28 2020-10-06
24. DIAMONDBACK ENERGY INC   2020-01-28 2020-10-06
56. DIAMONDBACK ENERGY INC   2020-01-28 2020-10-06
275. APPLE COMPUTER INC   2006-04-07 2020-10-13
. WELLS FARGO & CO NEW     2020-10-13
92. PAYPAL HOLDINGS INC   2020-03-04 2020-11-02
249. VISA INC CLASS A SHARES   2015-10-19 2020-11-02
21. VISA INC CLASS A SHARES   2015-12-11 2020-11-02
70. SALESFORCE.COM INC   2020-05-04 2020-11-03
2. SALESFORCE.COM INC   2020-05-04 2020-11-03
7. SALESFORCE.COM INC   2020-05-04 2020-11-03
2. SALESFORCE.COM INC   2020-05-04 2020-11-03
2. SALESFORCE.COM INC   2020-05-04 2020-11-03
28. SALESFORCE.COM INC   2018-10-08 2020-11-03
11. SALESFORCE.COM INC   2018-10-08 2020-11-03
11. SALESFORCE.COM INC   2018-10-08 2020-11-04
16. SALESFORCE.COM INC   2018-10-08 2020-11-04
53. BROADCOM INC   2013-04-25 2020-11-06
10. BROADCOM INC   2013-04-25 2020-11-06
74. BROADCOM INC   2013-04-25 2020-11-06
130. BROADCOM INC   2013-04-26 2020-11-09
123123.804 DODGE & INTERNATIONAL STOCK FUND   2010-03-11 2020-11-23
7000. ISHARES RUSSELL 1000 VALUE INDEX FD   2020-05-26 2020-11-23
28250.67 JPM US LARGE CAP CORE PLUS FD - USD - R6 ISIN US48129C6030   2007-02-21 2020-11-23
123. HOME DEPOT INC   2011-09-29 2020-11-24
74. PROCTER & GAMBLE CO   2020-08-04 2020-11-24
28. PROCTER & GAMBLE CO   2019-06-05 2020-11-24
167. ELECTRONIC ARTS   2018-11-27 2020-12-03
90. ELECTRONIC ARTS   2018-11-27 2020-12-04
33. CHARTER COMMUNICATIONS INC-A   2020-04-16 2020-12-15
124. SALESFORCE.COM INC   2018-10-08 2020-12-15
100. NVIDIA CORP   2018-06-12 2020-12-17
1. APOLLO EPF II PRIVATE INVESTORS,L.P. (OFFSHORE) CLASS A -   2018-01-01 2020-12-31
1. CLAYTON, DUBILIER & RICE (CD&R)   2018-01-01 2020-12-31
1. GOLDENTREE OFFSHORE LTD   2018-01-01 2020-12-31
1. J.C. FLOWERS III PRIVATE INVESTORS OFFSHORE, LP   2018-01-01 2020-12-31
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(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 28   33 -5
b 2,241   2,605 -364
c 1,855   2,106 -251
d 2,202   2,483 -281
e 1,695   1,759 -64
625   703 -78
802   832 -30
656   684 -28
255   268 -13
2,785   2,876 -91
3,209   3,315 -106
1,319   1,357 -38
257   266 -9
1,571   1,616 -45
121   117 4
1,998   1,926 72
115   108 7
83     83
808   756 52
720   675 45
87   81 6
145   135 10
21,409   20,154 1,255
368   346 22
9,094   9,763 -669
1,389   1,489 -100
692   744 -52
844   908 -64
538   578 -40
6,565   7,119 -554
6,669   7,046 -377
6,506   6,645 -139
8,473   8,246 227
2,178   2,098 80
8,053   8,657 -604
10,965   11,758 -793
4,944   1,993 2,951
23,916   9,562 14,354
35,933   28,178 7,755
28,467   9,421 19,046
1,673   2,694 -1,021
335   539 -204
251   404 -153
474   1,233 -759
3,251   7,458 -4,207
13,680   32,378 -18,698
3,013   5,118 -2,105
1,762   3,098 -1,336
4,229   7,138 -2,909
16,734   21,614 -4,880
6,963   8,041 -1,078
8,110   8,683 -573
4,055   4,687 -632
151   159 -8
8,384   8,907 -523
1,160   1,120 40
4,032   3,709 323
4,907   4,515 392
5,175   4,757 418
16,793   15,338 1,455
24,950   67,139 -42,189
41,818   3,834 37,984
6,622   607 6,015
34     34
1,202,421   568,222 634,199
703,660   618,009 85,651
56,042   58,443 -2,401
7,349   11,639 -4,290
851   1,250 -399
14,603   17,188 -2,585
1,858   2,050 -192
560   502 58
3,154   2,930 224
35   32 3
1,382   1,270 112
94   85 9
1,284   1,174 110
2,740   2,413 327
82   75 7
2,767   2,504 263
142   127 15
44,371   43,900 471
2,152   2,063 89
23,409   25,655 -2,246
6,194   6,365 -171
3,383   3,471 -88
12,846   15,298 -2,452
5,183   5,968 -785
1,233   1,415 -182
31,678   34,035 -2,357
5,696   5,863 -167
2,362   2,438 -76
1,395   1,430 -35
2,510   2,552 -42
4,603   4,719 -116
10,803   6,279 4,524
4,174   2,439 1,735
5,987   3,466 2,521
2,674   1,779 895
2,961   1,974 987
3,873   2,555 1,318
2,416   1,566 850
3,862   2,531 1,331
1,185   775 410
806   514 292
698   450 248
290   193 97
8,665   5,634 3,031
3,395   8,728 -5,333
7,869   26,483 -18,614
2,330   5,786 -3,456
745   1,902 -1,157
1,789   4,432 -2,643
33,891   933 32,958
145     145
17,109   11,143 5,966
46,100   19,082 27,018
3,896   1,603 2,293
16,619   11,246 5,373
478   321 157
1,662   1,125 537
472   321 151
477   321 156
6,677   4,238 2,439
2,609   1,665 944
2,752   1,665 1,087
3,928   2,422 1,506
20,206   1,731 18,475
3,830   327 3,503
28,164   2,415 25,749
50,318   4,190 46,128
5,169,969   4,498,355 671,614
917,900   789,567 128,333
843,000   552,155 290,845
33,604   4,155 29,449
10,233   9,878 355
3,872   2,989 883
21,452   14,293 7,159
11,492   7,620 3,872
21,375   16,705 4,670
27,230   18,753 8,477
53,288   26,595 26,693
27,005   23,581 3,424
2,322   1,752 570
2,259,780   979,577 1,280,203
166,365   52,172 114,193
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
      737,530
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       -5
b       -364
c       -251
d       -281
e       -64
      -78
      -30
      -28
      -13
      -91
      -106
      -38
      -9
      -45
      4
      72
      7
      83
      52
      45
      6
      10
      1,255
      22
      -669
      -100
      -52
      -64
      -40
      -554
      -377
      -139
      227
      80
      -604
      -793
      2,951
      14,354
      7,755
      19,046
      -1,021
      -204
      -153
      -759
      -4,207
      -18,698
      -2,105
      -1,336
      -2,909
      -4,880
      -1,078
      -573
      -632
      -8
      -523
      40
      323
      392
      418
      1,455
      -42,189
      37,984
      6,015
      34
      634,199
      85,651
      -2,401
      -4,290
      -399
      -2,585
      -192
      58
      224
      3
      112
      9
      110
      327
      7
      263
      15
      471
      89
      -2,246
      -171
      -88
      -2,452
      -785
      -182
      -2,357
      -167
      -76
      -35
      -42
      -116
      4,524
      1,735
      2,521
      895
      987
      1,318
      850
      1,331
      410
      292
      248
      97
      3,031
      -5,333
      -18,614
      -3,456
      -1,157
      -2,643
      32,958
      145
      5,966
      27,018
      2,293
      5,373
      157
      537
      151
      156
      2,439
      944
      1,087
      1,506
      18,475
      3,503
      25,749
      46,128
      671,614
      128,333
      290,845
      29,449
      355
      883
      7,159
      3,872
      4,670
      8,477
      26,693
      3,424
      570
      1,280,203
      114,193
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 4,179,405
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 65,523
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 65,523
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 65,523
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 49,572
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 51,647
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 101,219
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 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 35,696
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet35,696 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
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 addressbulletwww.morsetrust.org
    14
    The books are in care ofbulletJPMORGAN CHASE BANK NA Telephone no.bullet (800) 496-2583

    Located atbullet10 S DEARBORN IL1-0111CHICAGOIL ZIP+4bullet60603
    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
    JPMORGAN CHASE BANK NA TRUSTEE
    25     		250,152    
    10 S DEARBORN IL1-0111
    CHICAGO,IL60603
    JAMES L ALEXANDER TRUSTEE
    25     		312,986    
    208 S LASALLE STREET SUITE 1660
    CHICAGO,IL606041226
    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
    MELISSA R PHIPPS PROGRAM OFFICER
    0     		70,061 16,718  
    C/O 10 S DEARBORN ST FL 21
    CHICAGO,IL60603
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    48,252,585
    b
    Average of monthly cash balances.......................
    1b
    5,447,193
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    53,699,778
    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
    53,699,778
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    805,497
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    52,894,281
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,644,714
    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
    2,644,714
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    65,523
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    65,523
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,579,191
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,579,191
    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
    2,579,191
    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
    2,634,705
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,634,705
    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
    2,634,705
    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 2,579,191
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 2,119,223
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,634,705
    a Applied to 2019, but not more than line 2a 2,119,223
    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..... 515,482
    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 ..........     		2,063,709
    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.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    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).)
    NONE
    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.
    NONE
    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:
    JAMES L ALEXANDER CO-TRUSTEE
    208 S LASALLE STREET SUITE 1660
    CHICAGO,IL606041226
    (312) 739-0326
    bThe form in which applications should be submitted and information and materials they should include:
    SEE ATTACHED GUIDELINES
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE ATTACHED GUIDELINES
    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
    SILK ROAD RISING
    680 S FEDERAL ST
    CHICAGO,IL60605     		NONE PC TO SUPPORT CREATIVE WRITING 25,000
    SPINISH COALITION FOR HOUSING
    1922 NORTH PULASKI ROAD
    CHICAGO,IL60639     		NONE PC TO SUPPORT FINANCIAL 10,000
    HISTORIC PULLMAN FOUNDATION
    614 E 113TH STREET
    CHICAGO,IL60628     		NONE PC TO SUPPORT EXPENSES FOR 70,000
    FOREFRONT
    200 WEST MADISON STREET 2ND FLOOR
    CHICAGO,IL60606     		NONE PC TO SUPPORT GENERAL 25,000
    NEIGHBORHOOD HOUSING SERVICE OF CHICAGO
    1279 NORTH MILWAUKEE AVE 4TH FLOOR
    CHICAGO,IL60622     		NONE PC TO SUPPORT HOME OWNERSHIP 25,000
    CHICAGO RUN
    3611 N KEDZIE AVE
    CHICAGO,IL60618     		NONE PC TO SUPPORT THE RUNNING 20,000
    AMERICAN WRITERS MUSEUM
    180 NORTH MICHIGAN AVE STE 300
    CHICAGO,IL60601     		NONE PC TO SUPPORY GENERAL 25,000
    UNITED WAY OF METRO CHICAGO
    333 SOUTH WABASH AVENUE 30TH FLOOR
    CHICAGO,IL60604     		NONE PC TO SUPPORT COVID-19 RELIEF 50,000
    GRANT PARK MUSIC FESTIVAL
    205 E RANDOLPH STREET
    CHICAGO,IL60601     		NONE PC TO SUPPORT THE PRESENTATION 25,000
    OLD IRVING PARK COMMUNITY CLINIC
    5425 WEST ADDISON STREET
    CHICAGO,IL60641     		NONE PC TO SUPPORT GENERAL 20,000
    LOYOLA UNIVERSITY CHICAGO
    820 N MICHIGAN AVENUE
    CHICAGO,IL60611     		NONE PC TO SUPPORT OPERATION OF 25,000
    MARILLAC ST VINCENT FAMILY SERVICES
    2145 N HALSTED STREET
    CHICAGO,IL60614     		NONE PC TO SUPPORT THE SENIOR 20,000
    CHICAGO COMMUNITY TRUST
    225 N MICHIGAN AVE STE 2200
    CHICAGO,IL60601     		NONE PC TO SUPPORT AFRICAN AMERICAN 25,000
    CHICAGO HISTORY MUSEUM
    1601 NORTH CLARK STREET
    CHICAGO,IL60614     		NONE PC TO PROVIDE CHALLENGE GRANT 300,000
    DOMINICAN UNIVERSITY
    7900 W DIVISION STREET
    RIVER FOREST,IL60305     		NONE PC TO SUPPORT BRENNAN SCHOOL 60,000
    CHICAGO LIGHTHOUSE
    FOR BLIND OR VISUALLY IMPAIRED
    1850 WEST ROOSEVELT ROAD
    CHICAGO,IL60608     		NONE PC TO SUPPORT SALARY OF VP 50,000
    CIVIC FEDERATION
    10 NORTH DEARBORN STREET STE 800
    CHICAGO,IL60602     		NONE PC TO SUPPORT SALARY OF 100,000
    MISERICORDIA HEART OF MERCY
    6300 NORTH RIDGE AVENUE
    CHICAGO,IL60660     		NONE PC TO SUPPORT PROGRAM FOR 25,000
    OLD TOWN SCHOOL OF FOLK MUSIC
    4544 N LINCOLN AVENUE
    CHICAGO,IL60625     		NONE PC TO SUPPORT PROGRAM COSTS 50,000
    LUMINART CULTURAL FOUNDATION
    65 W JACKSON BOULEVARD RM 907
    CHICAGO,IL60604     		NONE PC TO SUPPORT MARKETING 28,530
    RYAN OPERA CENTER
    20 N WACKER DRIVE SUITE 860
    CHICAGO,IL60606     		NONE PC TO SUPPORT GENERAL 30,000
    CHINESE AMERICAN SERVICE LEAGUE
    2141 SOUTH TAN COURT
    CHICAGO,IL60616     		NONE PC TO SUPPORT YOUTH 25,000
    LIFE SPAN
    70 EAST LAKE STREET SUITE 600
    CHICAGO,IL60601     		NONE PC TO SUPPORT GENERAL 20,000
    AUDITORIUM THEATRE OF
    ROOSEVELT UNIVERSITY
    50 EAST IDA B WELLS DRIVE
    CHICAGO,IL60605     		NONE PC TO SUPPORT ARTXCHANGE 25,000
    CHICAGO FOUNDATION FOR WOMEN
    140 S DEARBORN STREET SUITE 400
    CHICAGO,IL60603     		NONE PC TO UNDERWRITE EXPENSES OF 150,000
    AIDS FOUNDATION OF CHICAGO
    200 W MONROE STREET SUITE 1150
    CHICAGO,IL60606     		NONE PC TO SUPPORT GENERAL 25,000
    CHICAGO COMMUNITY FOUNDATION
    PO BOX 577309
    CHICAGO,IL606577309     		NONE PC TO SUPPORT GENERAL 150,000
    RESURRECTION PROJECT
    1818 S PAULLINA STREET
    CHICAGO,IL60608     		NONE PC TO SUPPORT INTERNSHIP 25,000
    BEVERLY THEATRE GUILD
    2153 W 111TH STREET
    CHICAGO,IL60643     		NONE PC TO SUPPORT GENERAL 40,000
    MEAL ON WHEELS CHICAGO
    1111 NORTH WELLS STREET STE 307
    CHICAGO,IL60610     		NONE PC TO SUPPORT HOLIDAY MEAL 25,000
    CANINE THERAPY CORPS
    3918 WEST FULLERTON AVE
    CHICAGO,IL60647     		NONE PC TO FUND EXPENSES FOR ANIMAL 10,000
    ACCION CHICAGO
    135 N KEDZIE AVE
    CHICAGO,IL60612     		NONE PC TO SUPPORT GENERAL 20,000
    OAK PARK-RIVER FOREST COMMUNITY
    FOUNDATION
    2930 SOUTH MICHIGAN AVE STE 102
    CHICAGO,IL60616     		NONE PC TO SUPPORT SALARY COSTS 88,200
    PUERTO RICAN ARTS ALLIANCE
    3000 N ELBRIDGE AVE
    CHICAGO,IL60618     		NONE PC TO SUPPORT LATIN MUSIC 20,000
    ILLINOIS JUSTICE PROJECT
    21 SOUTH CLARK STREET STE 4301
    CHICAGO,IL60603     		NONE PC TO SUPPORT DEVELOPMENT OF 115,000
    PROJECT EXPLORATION
    950 EAST 61TH STREET
    CHICAGO,IL60637     		NONE PC TO SUPPORT SISTERS4SCIENCE 25,000
    WORLD BUSINESS CHICAGO
    177 NORTH STATE STREET SUITE 500
    CHICAGO,IL60601     		NONE PC TO SUPPORT DEVELOPMENT OF A 50,000
    LYRIC OPERA OF CHICAGO
    20 N WACKER DRIVE SUITE 860
    CHICAGO,IL60606     		NONE PC TO SUPPORT BREAKING NEW 100,000
    CHICAGO ARCHITECTURE FOUNDATION
    111 E WACKER DRIVE SUITE 1321
    CHICAGO,IL60601     		NONE PC TO FUND CITY OF 70,000
    THE HONEYCOMB PROJECT
    1658 NORTH MILWAUKEE AVE 190
    CHICAGO,IL60647     		NONE PC TO SUPPORT ORGANIZATIONAL 15,000
    CHICAGO PARKS FOUNDATION
    541 NORTH FAIRBANKS COURT
    CHOICAGO,IL60611     		NONE PC TO SUPPORT GENERAL 25,000
    SOUTHSIDETOGETHER ORGANIZING FOR POWER
    602 EAST 61ST STREET
    CHICAGO,IL60637     		NONE PC TO SUPPORT YOUNG LEADER FOR 10,000
    TFK CHICAGO VOYAGERS
    318 N ELMWOOD LANE
    PALATINE,IL60067     		NONE PC TO SUPPORT GENERAL 35,000
    GOOD SPORTS INC
    332 SOUTH MICHIGAN AVENUE
    CHICAGO,IL60601     		NONE PC TO SUPPORT SPORTING 25,000
    SKYART
    3026 E 91ST STREET
    CHICAGO,IL60617     		NONE PC TO SUPPORT CAPACITY 65,000
    CPS LIVES
    1244 NORTH STATE PARKWAY
    CHICAGO,IL60601     		NONE PC TO SUPPORT DEVELOPMENT 10,000
    AEROSTAR AVION INSTITUE
    18270 ANTHONY AVENUE
    COUNTRY CLUB HILLS,IL60478     		NONE PC TO SUPPORT GENERAL 10,000
    Total .................................bullet 3a 2,186,730
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 846,540  
    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 4,179,405  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL TAX REFUND     		    1 64,321  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   5,090,266  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,090,266
    (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:
    ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
    EIN:
    36-6999365
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREP FEE 725 362   363

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
    EIN:
    36-6999365
    Name of Bond End of Year Book Value End of Year Fair Market Value
    258620103 DOUBLELINE TTL RTRN    
    464287176 ISHARES TIPS BOND ET 398,707 501,665
    48121L114 JPM STRAT INC OPP FD 2,161,054 2,108,786
    4812C0100 JPM CORE BOND FD - U 2,873,091 3,037,282
    92837F755 VIRTUS SEIX FLT RT H 1,000,000 890,110
    704329242 PAYDEN EMER MRKT BON 1,197,211 1,227,434
    258620566 DOUBLELINE TTL RTRN 1,350,000 1,289,419

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
    EIN:
    36-6999365
    Name of Stock End of Year Book Value End of Year Fair Market Value
    101137107 BOSTON SCIENTIFIC CO 27,955 48,209
    110122108 BRISTOL-MYERS SQUIBB 55,022 60,293
    151020104 CELGENE CORP    
    172967424 CITIGROUP INC 46,266 69,059
    254687106 WALT DISNEY CO/THE    
    256206103 DODGE & COX INTL STO    
    369550108 GENERAL DYNAMICS COR    
    437076102 HOME DEPOT INC 6,621 52,062
    438516106 HONEYWELL INTERNATIO 20,613 111,668
    464287465 ISHARES MSCI EAFE ET 4,024,510 4,865,775
    464287499 ISHARES RUSSELL MID- 777,115 3,284,642
    464287598 ISHARES RUSSELL 1000 430,302 801,238
    464287655 ISHARES RUSSELL 2000 595,071 1,421,827
    493267108 KEYCORP    
    532457108 ELI LILLY & CO 50,689 94,044
    548661107 LOWE'S COS INC 19,424 81,218
    577130834 MATTHEWS PACIFIC TIG 900,000 1,525,048
    594918104 MICROSOFT CORP 38,634 374,333
    609207105 MONDELEZ INTERNATION 19,618 52,506
    617446448 MORGAN STANLEY 31,342 104,440
    666807102 NORTHROP GRUMMAN COR 86,332 92,330
    674599105 OCCIDENTAL PETROLEUM    
    713448108 PEPSICO INC 47,358 73,260
    717081103 PFIZER INC    
    723787107 PIONEER NATURAL RESO 47,912 47,948
    854502101 STANLEY BLACK & DECK 36,610 62,496
    882508104 TEXAS INSTRUMENTS IN 56,616 119,815
    907818108 UNION PACIFIC CORP 40,962 80,581
    949746101 WELLS FARGO & CO 39,509 40,170
    988498101 YUM] BRANDS INC 54,150 65,245
    00724F101 ADOBE INC.    
    02079K107 ALPHABET INC-CL C 50,361 199,714
    02079K305 ALPHABET INC-CL A 17,527 85,879
    09062X103 BIOGEN INC 17,860 14,692
    16119P108 CHARTER COMMUNICATIO 41,797 111,140
    20030N101 COMCAST CORP-CLASS A 20,749 56,173
    26875P101 EOG RESOURCES INC    
    30303M102 FACEBOOK INC-CLASS A 52,147 108,991
    31620M106 FIDELITY NATIONAL IN 32,047 60,403
    57636Q104 MASTERCARD INC - A 6,660 131,354
    58933Y105 MERCK & CO. INC. 51,692 61,514
    65339F101 NEXTERA ENERGY INC 71,433 114,491
    67103H107 O'REILLY AUTOMOTIVE 38,779 55,666
    91324P102 UNITEDHEALTH GROUP I 18,172 162,365
    92532F100 VERTEX PHARMACEUTICA 3,735 32,379
    92826C839 VISA INC-CLASS A SHA    
    94106B101 WASTE CONNECTIONS IN 15,869 32,925
    96208T104 WEX INC 34,929 61,466
    G0176J109 ALLEGION PLC    
    G1151C101 ACCENTURE PLC-CL A    
    H1467J104 CHUBB LTD 17,358 54,180
    023135106 AMAZON.COM INC 85,889 355,005
    032654105 ANALOG DEVICES INC 79,531 85,683
    037833100 APPLE INC 6,400 343,534
    060505104 BANK OF AMERICA CORP 18,691 65,803
    084670702 BERKSHIRE HATHAWAY I    
    25278X109 DIAMONDBACK ENERGY I    
    45866F104 INTERCONTINENTAL EXC    
    48129C603 JPM US L/C CORE PL F 1,968,610 2,440,070
    655844108 NORFOLK SOUTHERN COR 61,091 97,895
    67066G104 NVIDIA CORP 22,315 60,053
    718172109 PHILIP MORRIS INTERN    
    77956H385 T ROWE PRICE NEW ASI 1,003,902 1,885,515
    913017109 UNITED TECHNOLOGIES    
    98956P102 ZIMMER BIOMET HOLDIN 65,796 89,064
    025816109 AMERICAN EXPRESS CO 67,206 70,491
    053015103 AUTOMATIC DATA PROCE    
    191216100 COCA-COLA CO/THE 43,085 52,263
    285512109 ELECTRONIC ARTS INC    
    778296103 ROSS STORES INC    
    11135F101 BROADCOM INC    
    56585A102 MARATHON PETROLEUM C    
    64110L106 NETFLIX INC 40,793 60,021
    70450Y103 PAYPAL HOLDINGS INC 70,404 171,669
    79466L302 SALESFORCE.COM INC 31,773 54,742
    G5494J103 LINDE PLC 84,730 129,120
    G5960L103 MEDTRONIC PLC    
    00287Y109 ABBVIE INC 67,622 93,006
    015351109 ALEXION PHARMACEUTIC    
    22052L104 CORTEVA INC    
    26614N102 DUPONT DE NEMOURS IN    
    315911750 FIDELITY 500 INDEX-I 6,900,000 9,336,933
    337738108 FISERV INC 80,286 101,791
    580135101 MCDONALD'S CORP 31,172 33,260
    742718109 PROCTER & GAMBLE CO/ 40,987 53,430
    747525103 QUALCOMM INC    
    N6596X109 NXP SEMICONDUCTORS N 82,323 114,646
    00771X419 GQG PART EMERG MKTS 1,500,000 1,581,962
    007903107 ADVANCED MICRO DEVIC 48,918 52,366
    031100100 AMETEK INC 37,602 45,473
    04314H857 ARTISAN INTL VAL-INS 1,750,000 1,869,105
    09857L108 BOOKING HOLDINGS INC 67,922 89,091
    115233207 BROWN ADV SUSTAIN GR 1,750,000 1,860,561
    461202103 INTUIT INC 43,848 59,257
    461418444 WCM FOCUSED INTL GRO 1,750,000 1,829,848
    512807108 LAM RESEARCH CORP 58,971 68,479
    518439104 ESTEE LAUDER COMPANI 26,910 29,547
    693506107 PPG INDUSTRIES INC 51,007 54,227
    75513E101 RAYTHEON TECHNOLOGIE 56,357 54,491
    883556102 THERMO FISHER SCIENT 70,788 95,951
    N07059210 ASML HOLDING NV-NY R 37,373 61,940

    TY 2020 InvestmentsOtherSchedule2
    Name:
    ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
    EIN:
    36-6999365
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    139954929 APOLLO EPF II PRIVAT AT COST   70,127
    190747907 COATUE OFFSHORE FUND      
    325691947 CLAYTON, DUBILIER & AT COST   65,867
    382891968 GOLDENTREE OFFSHORE      
    387992977 GOLDENTREE OFFSHORE      
    425955911 RIVERSTONE GLOBAL EN AT COST 420,899 134,211
    476499926 J.C. FLOWERS III PRI AT COST   59,659
    510000920 LC ASIA PRIVATE INVE AT COST 38,922 260,909
    811711969 STARWOOD SOF IX PRIV AT COST 458,859 208,744
    855711974 STARWOOD SOF VIII PR AT COST 328,037 105,982
    72201P175 PIMCO COMMODITYPL ST AT COST 600,000 277,672
    G82981997 GOLDENTREE OFFSHORE AT COST 26,585 174,874
    G82982920 GOLDENTREE OFFSHORE      
    HFVARAAV3 VARDE CREDIT PARTNER AT COST 750,000 975,021
    38Q14V917 GOLDENTREE OFFSHORE      
    38Q14W915 GOLDENTREE OFFSHORE      
    HEBLAAAK6 BLACKSTONE PARTNERS AT COST 1,099,997 1,933,351
    HECTUACB4 COATUE OFFSHORE FUND AT COST 600,000 2,947,130
    HEGTRADR8 GOLDENTREE OFFSHORE AT COST 8,915  
    HEGTRADS6 GOLDENTREE OFFSHORE AT COST 8,669  

    TY 2020 LegalFeesSchedule
    Name:
    ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
    EIN:
    36-6999365
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - PRINCIPAL (ALLOCA 468     468


    TY 2020 OtherDecreasesSchedule
    Name:
    ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
    EIN:
    36-6999365
    Description Amount
    2020 TRANSACTIONS POSTED IN 2021 7,126


    TY 2020 OtherExpensesSchedule
    Name:
    ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
    EIN:
    36-6999365
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    IL AG FEE 15 0   15
    AT & T 7,884 0   7,884
    INFORMATION TECHNOLOGY SERVICE 2,707 0   2,707
    FOREFRONT MEMBERSHIP 5,268 0   5,268
    TRAVELERS INSURANCE 410 0   410
    OFFICE IMPROVEMENT 119 0   119
    PRINTING 70 0   70
    HARTFORD INSURANCE 1,940 0   1,940
    TRAVEL EXPENSES 1,307 0   1,307
    PARTNERSHIP EXPENSES 2,269 2,269   0
    PAYROLL PROCESSING FEE 2,092 0   2,092


    TY 2020 OtherIncomeSchedule2
    Name:
    ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
    EIN:
    36-6999365
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 64,321 0  


    TY 2020 OtherIncreasesSchedule
    Name:
    ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
    EIN:
    36-6999365
    Description Amount
    2019 TRANSACTIONS POSTED IN 2020 8,545
    RETURN OF CAPITAL ADJUSTMENTS 406


    TY 2020 TaxesSchedule
    Name:
    ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
    EIN:
    36-6999365
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 291 291   0
    FEDERAL TAX PAYMENT - PRIOR YE 50,000 0   0
    FOREIGN TAXES ON QUALIFIED FOR 13,128 13,128   0
    FOREIGN TAXES ON NONQUALIFIED 921 921   0