Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE WALSH FOUNDATION
C/O MADDEN JIGANTI MOORE & SINARS
Number and street (or P.O. box number if mail is not delivered to street address)190 S LASALLE ST NO 1700
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60603
A Employer identification number

36-3994447
B Telephone number (see instructions)

(312) 346-4101
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$232,109,876J 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 8,288 8,288  
4 Dividends and interest from securities... 3,422,374 3,422,374  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 9,796,820
b Gross sales price for all assets on line 6a 60,199,512
7 Capital gain net income (from Part IV, line 2)... 9,796,820
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 20,530 20,530  
12 Total. Add lines 1 through 11........ 13,248,012 13,248,012  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 29,859 29,859   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 229,529 59,353   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 915,923 915,923   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,175,311 1,005,135   0
25 Contributions, gifts, grants paid....... 9,913,500 9,913,500
26 Total expenses and disbursements. Add lines 24 and 25 11,088,811 1,005,135   9,913,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,159,201
b Net investment income (if negative, enter -0-) 12,242,877
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............. 6 8 8
2 Savings and temporary cash investments......... 10,998,923 19,870,109 19,870,109
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) bullet8,952,399
Less: allowance for doubtful accounts bullet0 8,952,399 8,952,399 8,952,399
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 79,290    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 42,175,015 Click to see attachment40,099,377 41,113,081
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 109,617,013 Click to see attachment105,100,840 162,174,279
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) 171,822,646 174,022,733 232,109,876
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment40,886
23 Total liabilities (add lines 17 through 22)......... 0 40,886
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 171,822,646 173,981,847
29 Total net assets or fund balances (see instructions)..... 171,822,646 173,981,847
30 Total liabilities and net assets/fund balances (see instructions). 171,822,646 174,022,733
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
171,822,646
2
Enter amount from Part I, line 27a .....................
2
2,159,201
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
173,981,847
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
173,981,847
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 GS - GANNETT WELSH & KOTLER - STCG      
b GS - GANNETT WELSH & KOTLER - LTCG      
c GS - CORPORATE FI - STCG      
d GS - CORPORATE FI - LTCG      
e GS - CORPORATE FI - ORD      
GS - INDEX ORIENTED STRATEGY - STCG      
GS - INDEX ORIENTED STRATEGY - LTCG      
GS - NEUBERGER BERMAN - STCG      
GS - NEUBERGER BERMAN - LTCG      
GS - NON DISC - GS GLOBAL P    
GS - NON DISC - VINTAGE FUND P    
GS - NON DISC - WEST STREET VII - LTCG P    
GS - NON DISC - WEST STREET VII - STCG P    
GS - NON DISC - WEST STREET VII - PARALLEL B - LTCG P    
GS - NON DISC - WHITEHALL STREET - LTCG P    
GS - S & P GIVI - STCG      
GS - S & P GIVI - LTCG      
GS - TACTICAL TRADING - LTCG      
GS - TACTICAL TRADING - NON US EQUITY MANAGERS P    
GS - VAUGHAN NELSON - STCG      
GS - VAUGHAN NELSON - LTCG      
GS - WCM - STCG      
GS - WCM - LTCG      
MERRILL LYNCH      
BANK OF AMERICA - STCG      
BANK OF AMERICA - LTCG      
NB PRIVATE MARKETS FUND II P    
NB PRIVATE MARKETS FUND III P    
WILLIAM BLAIR - 038 - LTCG      
WILLIAM BLAIR - CPG ALLIANCE FUND II - STCG P    
WILLIAM BLAIR - CPG ALLIANCE FUND II - LTCG P    
WILLIAM BLAIR - MUT FUNDS - LTCG P    
BDT CAPITAL FUND II-A SPIRITS P    
BDT CAPITAL FUND II-A SPIRITS P    
BDT CAPITAL PARTNERS FUND II - LTCG P    
COST BASIS ADJUSTMENTS P    
GS - NON DISC - HEDGE FUND SEEDING P    
GS - NON DISC - WEST STREET - LTCG P    
GS - NON DISC - WEST STREET - STCG P    
GS - NON DISC - WEST STREET AIV-1 - LTCG P    
GS - NON DISC - WEST STREET AIV-1 - STCG P    
GS - NON DISC - MEZZANINE PARTNERS V P    
CAPITAL GAINS 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 463,343   353,504 109,839
b 1,954,788   1,485,207 469,581
c 3,880,488   3,824,516 55,972
d 12,476,200   12,310,751 165,449
e 2,175,000   2,147,262 27,738
514,880   587,852 -72,972
7,826,070   7,371,581 454,489
518,736   506,214 12,522
803,091   866,438 -63,347
18,704     18,704
99,434     99,434
60,856     60,856
327     327
    36,998 -36,998
12,746     12,746
1,822,303   1,933,752 -111,449
6,392,849   6,758,942 -366,093
1,000,036   602,125 397,911
6,732,405     6,732,405
1,844,450   1,772,861 71,589
2,993,623   2,746,572 247,051
246,343   231,846 14,497
1,142,856   720,447 422,409
3   3 0
1,516,176   1,476,627 39,549
3,362,996   2,930,552 432,444
210,651     210,651
109,106     109,106
148,312   109,894 38,418
3,681     3,681
    2,715 -2,715
1,168,690   1,402,265 -233,575
37     37
831     831
513,538     513,538
    24,467 -24,467
46,478     46,478
    4,980 -4,980
1,132     1,132
    72,289 -72,289
    122,032 -122,032
22,963     22,963
115,390     115,390
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       109,839
b       469,581
c       55,972
d       165,449
e       27,738
      -72,972
      454,489
      12,522
      -63,347
      18,704
      99,434
      60,856
      327
      -36,998
      12,746
      -111,449
      -366,093
      397,911
      6,732,405
      71,589
      247,051
      14,497
      422,409
      0
      39,549
      432,444
      210,651
      109,106
      38,418
      3,681
      -2,715
      -233,575
      37
      831
      513,538
      -24,467
      46,478
      -4,980
      1,132
      -72,289
      -122,032
      22,963
      115,390
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 9,796,820
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................................ 1 170,176
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........................... 3 170,176
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- ..... 5 170,176
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 129,290
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 200,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 329,290
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 508
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 10 158,606
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet158,606 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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 addressbulletN/A
    14
    The books are in care ofbulletMADDEN JIGANTI MOORE & SINARS LLP Telephone no.bullet (312) 346-4101

    Located atbullet190 S LASALLE SUITE 1700CHICAGOIL 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
     
     
    ........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
    MATTHEW M WALSH CEO
    0.00     		0 0 0
    11820 PLAINFIELD ROAD
    BURR RIDGE,IL60521
    JOYCE S WALSH TREAS/DIR
    0.00     		0 0 0
    11820 PLAINFIELD ROAD BURR RIDGE IL
    BURR RIDGE,IL60521
    DANIEL J WALSH PRESIDENT
    0.00     		0 0 0
    1130 N LAKE SHORE DRIVE
    CHICAGO,IL60611
    PATRICIA R WALSH SEC/DIR
    0.00     		0 0 0
    1130 N LAKE SHORE DRIVE
    CHICAGO,IL60611
    E BRYAN DUNIGAN DIRECTOR
    0.00     		0 0 0
    646 FAIR OAKS
    OAK PARK,IL60302
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 NONE 0
    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 NONE 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    199,625,525
    b
    Average of monthly cash balances.......................
    1b
    16,717,452
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    216,342,977
    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
    216,342,977
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    10,645,372
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    205,697,605
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    10,284,880
    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
    10,284,880
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    170,176
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    170,176
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    10,114,704
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    10,114,704
    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
    10,114,704
    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
    9,913,500
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    9,913,500
    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
    9,913,500
    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 10,114,704
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 1,177,997
    b From 2016...... 803,325
    c From 2017...... 387,426
    d From 2018......  
    e From 2019...... 463,172
    fTotal of lines 3a through e........ 2,831,920
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 9,913,500
    a Applied to 2019, but not more than line 2a 0
    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..... 9,913,500
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 201,204 201,204
    (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 2,630,716
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		976,793
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		1,653,923
    10 Analysis of line 9:
    a Excess from 2016.... 803,325
    b Excess from 2017.... 387,426
    c Excess from 2018....  
    d Excess from 2019.... 463,172
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    ALL STARS PROJECT
    543 W 42ND STREET
    NEW YORK,NY10036     		    GENERAL CHARITABLE PURPOSES 15,000
    ASSUMPTION PARISH
    323 W ILLINOIS ST
    CHICAGO,IL60654     		    GENERAL CHARITABLE PURPOSES 10,000
    AUDITORIUM THEATER
    50 E CONGRESS PARKWAY
    CHICAGO,IL60605     		    GENERAL CHARITABLE PURPOSES 15,000
    BEVERLY AREA PLANNING ASSOCIATION
    1987 W 111TH STREET
    CHICAGO,IL60643     		    GENERAL CHARITABLE PURPOSES 5,000
    BIG SHOULDERS FUND
    212 W VAN BUREN SUITE 900
    CHICAGO,IL60607     		    GENERAL CHARITABLE PURPOSES 100,000
    CATHOLIC EXTENSION SOCIETY
    150 S WACKER DRIVE
    CHICAGO,IL60606     		    GENERAL CHARITABLE PURPOSES 30,000
    CHICAGO ARCHTECTURAL BIENNIAL
    78 W WASHINGTON ST
    CHICAGO,IL60602     		    GENERAL CHARITABLE PURPOSES 50,000
    CHICAGO JESUIT ACADEMY
    5058 W JACKSON BLVD
    CHICAGO,IL60644     		    GENERAL CHARITABLE PURPOSES 500,000
    CHILDREN INTERNATIONAL
    1200 E RED BRIDGE ROAD
    KANSAS CITY,MO64131     		    GENERAL CHARITABLE PURPOSES 60,000
    CHRIST THE KING PARISH
    9235 S HAMILTON
    CHICAGO,IL60643     		    GENERAL CHARITABLE PURPOSES 330,000
    CHRIST THE KING PARISH - CULLEN HUGHES MEMORIAL
    9235 S HAMILTON
    CHICAGO,IL60643     		    GENERAL CHARITABLE PURPOSES 10,000
    CIRCLE OF FRIENDS
    709 48TH STREET
    WESTERN SPRINGS,IL60558     		    GENERAL CHARITABLE PURPOSES 10,000
    CURE
    17011 HICKORY ST
    SPRING LAKE,MI49456     		    GENERAL CHARITABLE PURPOSES 5,000
    DEPAUL COLLEGE PREP
    3633 N CALIFORNIA
    CHICAGO,IL60618     		    GENERAL CHARITABLE PURPOSES 25,000
    EDWARD HOSPITAL FOUNDATION
    801 S WASHINGTON ST
    NAPERVILLE,IL60540     		    GENERAL CHARITABLE PURPOSES 25,000
    ELIM CHRISTIAN SCHOOL
    13020 S CENTRAL AVENUE
    CRESTWOOD,IL60418     		    GENERAL CHARITABLE PURPOSES 25,000
    ERICKSON INSTITUTE
    451 N LASALLE ST
    CHICAGO,IL60654     		    GENERAL CHARITABLE PURPOSES 100,000
    FRANCIS XAVIER WARDE SCHOOL
    751 N STATE STREET
    CHICAGO,IL60654     		    GENERAL CHARITABLE PURPOSES 250,000
    GENEVA LAKE WATER SAFETY
    PO BOX 548
    WILLIAMS BAY,WI53191     		    GENERAL CHARITABLE PURPOSES 5,000
    INVEST FOR KIDS
    875 N MICHIGAN AVE SUITE 3400
    CHICAGO,IL60611     		    GENERAL CHARITABLE PURPOSES 10,000
    JOHN CARROLL UNIVERSITY
    1 JOHN CARROLL BLVD
    CLEVELAND,OH44118     		    GENERAL CHARITABLE PURPOSES 50,000
    LALUMIERE
    6801 N WILHELM RD
    LAPORTE,IN46350     		    GENERAL CHARITABLE PURPOSES 250,000
    LOYOLA MEDICAL CENTER
    2160 S 1ST AVENUE
    MAYWOOD,IL60153     		    GENERAL CHARITABLE PURPOSES 25,000
    LOYOLA UNIVERSITY SCHOOL OF SOCIAL WORK
    820 N MICHIGAN AVENUE
    CHICAGO,IL60611     		    GENERAL CHARITABLE PURPOSES 50,000
    MAKE A WISH FOUNDATION
    1702 E HIGHLAND AVENUE SUITE 400
    PHOENIX,AZ85016     		    GENERAL CHARITABLE PURPOSES 25,000
    MARILLAC ST VINCENT FAMILY SERVICES
    2145 N HALSTED
    CHICAGO,IL60614     		    GENERAL CHARITABLE PURPOSES 1,050,000
    MEALS ON WHEELS
    1550 CRYSTAL DRIVE SUITE 1004
    ARLINGTON,VA22202     		    GENERAL CHARITABLE PURPOSES 5,000
    MERCY HOME FOR BOYS AND GIRLS
    1140 W JACKSON BLVD
    CHICAGO,IL60607     		    GENERAL CHARITABLE PURPOSES 535,000
    MISERICORDIA
    6300 N RIDGE
    CHICAGO,IL60660     		    GENERAL CHARITABLE PURPOSES 1,305,000
    MOTHER MCAULEY HIGH SCHOOL
    3737 W 99TH ST
    CHICAGO,IL60655     		    GENERAL CHARITABLE PURPOSES 250,000
    NAZARETH ACADEMY
    1209 W OGDEN AVENUE
    LAGRANGE PARK,IL60526     		    GENERAL CHARITABLE PURPOSES 25,000
    OLD ST PAT'S CHURCH
    700 W ADAMS
    CHICAGO,IL60661     		    GENERAL CHARITABLE PURPOSES 60,000
    PEGGY NOTEBAERT NATURE MUSEUM
    2430 N CANON DRIVE
    CHICAGO,IL60614     		    GENERAL CHARITABLE PURPOSES 12,500
    PLEASANTVILLE FIRE DEPARTMENT
    75 WASHINGTON AVENUE
    PLEASANTVILLE,NY10570     		    GENERAL CHARITABLE PURPOSES 5,000
    PURDUE FOUNDATION
    403 W WOOD STREET
    WEST LAFAYETTE,IN47907     		    GENERAL CHARITABLE PURPOSES 175,000
    REV ANTHONY BARRETT - CATHOLIC DIOCESE OF ALBANY
    40 N MAIN AVENUE
    ALBANY,NY12203     		    GENERAL CHARITABLE PURPOSES 20,000
    RUSH OAK PARK HOSPITAL
    520 S MAPLE AVENUE
    OAK PARK,IL60304     		    GENERAL CHARITABLE PURPOSES 20,000
    SPRING HILL COLLEGE
    4000 DAUPHIN ST
    MOBILE,AL36608     		    GENERAL CHARITABLE PURPOSES 10,000
    ST BARNABAS
    10134 S LONGWOOD DRIVE
    CHICAGO,IL60643     		    GENERAL CHARITABLE PURPOSES 25,000
    ST BENEDICT'S GRAMMAR SCHOOL
    2215 W IRVING PARK
    CHICAGO,IL60618     		    GENERAL CHARITABLE PURPOSES 50,000
    ST IGNATIUS COLLEGE PREP
    1076 W ROOSEVELT RD
    CHICAGO,IL60608     		    GENERAL CHARITABLE PURPOSES 3,011,000
    ST IGNATIUS COLLEGE PREP - BILL MADDEN SCHOLARSHIP
    1076 W ROOSEVELT RD
    CHICAGO,IL60608     		    GENERAL CHARITABLE PURPOSES 25,000
    ST IGNATIUS COLLEGE PREP - BOB KRAMER SCHOLARSHIP
    1076 W ROOSEVELT RD
    CHICAGO,IL60608     		    GENERAL CHARITABLE PURPOSES 25,000
    ST IGNATIUS COLLEGE PREP - MARTIN DE PORRES SCHOLARSHIP
    1076 W ROOSEVELT RD
    CHICAGO,IL60608     		    GENERAL CHARITABLE PURPOSES 25,000
    ST JOHN OF THE CROSS
    5005 WOLF ROAD
    WESTERN SPRINGS,IL60558     		    GENERAL CHARITABLE PURPOSES 325,000
    ST LUKE'S GRAMMAR SCHOOL
    528 LATHROP AVENUE
    RIVER FOREST,IL60305     		    GENERAL CHARITABLE PURPOSES 50,000
    ST MALACHY SCHOOL
    2252 W WASHINGTON BLVD
    CHICAGO,IL60612     		    GENERAL CHARITABLE PURPOSES 10,000
    ST MARY'S COLLEGE
    SR 933
    NOTRE DAME,IN46656     		    GENERAL CHARITABLE PURPOSES 100,000
    ST SABINA PARISH
    1210 W 78TH PLACE
    CHICAGO,IL60620     		    GENERAL CHARITABLE PURPOSES 100,000
    TUTORING CHICAGO
    2145 N HALSTED
    CHICAGO,IL60614     		    GENERAL CHARITABLE PURPOSES 10,000
    UNIVERSITY OF NOTRE DAME
    724 GRACE HALL
    NOTRE DAME,IN46556     		    GENERAL CHARITABLE PURPOSES 100,000
    VASSAR HOSPITAL FOUNDATION
    45 READE PL
    POUGHKEEPSIE,NY12601     		    GENERAL CHARITABLE PURPOSES 25,000
    VILLAGE OF BURR RIDGE
    7660 COUNTY LINE ROAD
    BURR RIDGE,IL60527     		    GENERAL CHARITABLE PURPOSES 5,000
    WBEZ
    848 E GRAND
    CHICAGO,IL60611     		    GENERAL CHARITABLE PURPOSES 10,000
    WFMT
    5400 N ST LOUIS
    CHICAGO,IL60625     		    GENERAL CHARITABLE PURPOSES 5,000
    WILLIAM H BROWN SCHOOL
    54 N HERMITAGE
    CHICAGO,IL60625     		    GENERAL CHARITABLE PURPOSES 100,000
    WTTW
    5400 N ST LOUIS
    CHICAGO,IL60625     		    GENERAL CHARITABLE PURPOSES 100,000
    BRAIN RESEARCH FOUNDATION
    111 W WASHINGTON SUITE 1460
    CHICAGO,IL60602     		    GENERAL CHARITABLE PURPOSES 5,000
    BOTTOM LINE CHICAGO
    65 E WACKER DRIVE SUITE 800
    CHICAGO,IL60601     		    GENERAL CHARITABLE PURPOSES 10,000
    COOK COUNTY HEALTH FOUNDATION
    980 N MICHIGAN AVENUE SUTIE 1400
    CHICAGO,IL60611     		    GENERAL CHARITABLE PURPOSES 5,000
    HIGHLANDS PRESBYTERIAN CHURCH
    1902 W 59TH STREET
    LAGRANGE,IL60525     		    GENERAL CHARITABLE PURPOSES 5,000
    INSTITUTE FOR CLASSICAL ARCHITECTURE
    900 N FRANKLIN ST
    CHICAGO,IL60610     		    GENERAL CHARITABLE PURPOSES 5,000
    LYRIC OPERA OF CHICAGO
    20 N WACKER DRIVE SUITE 860
    CHICAGO,IL60606     		    GENERAL CHARITABLE PURPOSES 10,000
    PURDUE UNIVERSITY
    403 W WOOD STREET
    WEST LAFAYETTE,IN47907     		    GENRAL CHARITABLE PURPOSES 175,000
    ST GEORGE CORPORATE FOUNDATION
    12251 S 80TH AVE
    PALOS HEIGHTS,IL60463     		    GENERAL CHARITABLE PURPOSES 10,000
    ST GILES SCHOOL
    1030 LINDEN AVENUE
    OAK PARK,IL60302     		    GENERAL CHARITABLE PURPOSES 10,000
    ST IGNATIUS COLLEGE PREP - KATHERINE CHANDLER FUND
    1076 W ROOSEVELT RD
    CHICAGO,IL60608     		    GENERAL CHARITABLE PURPOSES 100,000
    WELLNESS HOUSE
    131 N COUNTY LINE ROAD
    HINSDALE,IL60521     		    GENERAL CHARITABLE PURPOSES 25,000
    Total .................................bullet 3a 9,913,500
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		        8,288
    4 Dividends and interest from securities....         3,422,374
    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.....         20,530
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        9,796,820
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 0 13,248,012
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    13,248,012
    (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.)
    3 THESE ITEMS ARE A DIRECT RESULT OF THE FOUNDATION DIRECTORS' INVESTMENT OF THE FOUNDATION ASSETS IN A PRUDENT MANNER WHICH IS CONSISTENT WITH THEIR FIDUCIARY DUTY TO THE FOUNDATION.
    4 THESE ITEMS ARE A DIRECT RESULT OF THE FOUNDATION DIRECTORS' INVESTMENT OF THE FOUNDATION ASSETS IN A PRUDENT MANNER WHICH IS CONSISTENT WITH THEIR FIDUCIARY DUTY TO THE FOUNDATION.
    7 THESE ITEMS ARE A DIRECT RESULT OF THE FOUNDATION DIRECTORS' INVESTMENT OF THE FOUNDATION ASSETS IN A PRUDENT MANNER WHICH IS CONSISTENT WITH THEIR FIDUCIARY DUTY TO THE FOUNDATION.
    8 THESE ITEMS ARE A DIRECT RESULT OF THE FOUNDATION DIRECTORS' INVESTMENT OF THE FOUNDATION ASSETS IN A PRUDENT MANNER WHICH IS CONSISTENT WITH THEIR FIDUCIARY DUTY TO THE FOUNDATION.
    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 CashDeemedCharitableExplnStmt
    Name:
    THE WALSH FOUNDATION
     
    C/O MADDEN JIGANTI MOORE & SINARS
    EIN:
    36-3994447
    Explanation:
    THE WALSH FOUNDATION ANNUALLY MAKES CASH CHARITABLE CONTRIBUTIONS IN AMOUNTS WHICH ARE INTENDED TO AVOID THE IRC SECTION 4942 TAX FOR FAILURE TO DISTRIBUTE THE MINIMUM INVESTMENT RETURN. ASSETS OTHER THAN CASH BALANCES ARE DEDICATED TO VARIOUS INVESTMENT VEHICLES HAVING VARYING DEGREES OF LIQUIDITY. TO ASSURE ITS ABILITY TO MEET THE CHARITABLE DISBURSEMENT OBJECTIVES, A CASH BALANCE IS MAINTAINED WHICH IS AT LEAST EQUAL TO THE PRIOR YEAR DISTRIBUTIONS. THE 2019 DISTRIBUTION AMOUNT WAS $10,645,372.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE WALSH FOUNDATION
     
    C/O MADDEN JIGANTI MOORE & SINARS
    EIN:
    36-3994447
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GOLDMAN SACHS - GS GOV/CORP FI 31,067,694 32,069,029
    WILLIAM BLAIR - MUTUAL FUNDS 5,031,683 4,928,504
    GOLDMAN SACHS - TACTICAL TRADING 4,000,000 4,115,548

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE WALSH FOUNDATION
     
    C/O MADDEN JIGANTI MOORE & SINARS
    EIN:
    36-3994447
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MERRILL LYNCH FMV 999,658 2,002,407
    GOLDMAN SACHS - NEUBERGER BERMAN FMV 6,609,909 9,881,535
    GOLDMAN SACHS - NON-DISC BROKERAGE - MEZZANINE PARTNERS 2006 FMV 198,273 8,542
    GOLDMAN SACHS - TACTICAL TRADING FMV 1,341,755 3,672,924
    GOLDMAN SACHS - NON-DISC BROKERAGE - MEZZ PARTNERS V OFFSHORE FMV 135,004 20,928
    US TRUST MASTER ACCOUNT FMV 2,727,990 4,044,567
    US TRUST ROB-MCV FMV 1,213,039 1,705,804
    US TRUST JAN-MCG FMV 856,211 1,842,303
    US TRUST WEL-SCV FMV 489,155 586,052
    WILLIAM BLAIR - CPG BLACKSTONE FMV 137,578 190,345
    WILLIAM BLAIR - MUTUAL FUNDS FMV 3,931,366 4,949,002
    GOLDMAN SACHS - NON-DISC BROKERAGE - MOUNT KELLETT CAPITAL FMV 371,429 180,850
    INVESTMENT IN WF RIC II, LLC FMV 3,211,580 6,009,608
    US TRUST HQC FMV 2,218,045 4,506,792
    GOLDMAN SACHS - NON-DISC BROKERAGE - GROWTH & EMERGING MARKET FMV 1,142,576 1,634,210
    US TRUST MASTER-EXCELSIOR PRIVATE MARKETS II FMV 717,156 1,154,063
    GOLDMAN SACHS - NON-DISC BROKERAGE - WEST STREET ENERGY PARTNERS (BROAD) FMV 317,555 432,826
    GOLDMAN SACHS - NON-DISC BROKERAGE - WEST STREET ENERGY PARTNERS-AIV-1 FMV 551,827 294,757
    GOLDMAN SACHS - NON-DISC BROKERAGE - HEDGE FUND SEEDING STRATEGY FMV 60,533 75,306
    INVESTMENT IN WF RIC II-ADV IND FMV 12,246 75,000
    US TRUST MASTER-EXCELSIOR PRIVATE MARKETS FUND III FMV 979,097 1,564,969
    US TRUST IFE FMV 2,087,936 3,323,128
    GOLDMAN SACHS - GMS GANNETT WELSH & KOTTER FMV 5,751,578 8,418,856
    GOLDMAN SACHS - INDEX ORIENTED STRATEGY FMV 20,709,898 36,086,217
    US TRUST PER-SCG FMV 444,737 712,223
    GS-WCM DYNAMIC EQUITY FMV 3,188,763 6,124,516
    BDT CAPITAL PARTNERS FUND II FMV 5,271,819 6,251,886
    GOLDMAN SACHS - NON-DISC BROKERAGE - PRIVATE EQUITY MANAGERS 2015 FMV 789,694 1,563,854
    GOLDMAN SACHS - S&P GIVI US FMV 19,080,336 27,980,798
    GOLDMAN SACHS - VAUGHAN NELSON FMV 5,907,014 8,328,594
    US TRUST LOO-LCG FMV 954,257 1,958,822
    GOLDMAN SACHS - NON-DISC BROKERAGE - PRIVATE EQUITY MANAGERS 2016 FMV 1,186,370 1,550,368
    GOLDMAN SACHS - NON-DISC BROKERAGE - VINTAGE FUND VII FMV 706,215 1,065,796
    GOLDMAN SACHS - NON-DISC BROKERAGE - WEST STREET CAPITAL PARTNERS VII FMV 664,168 834,638
    GOLDMAN SACHS - TACTICAL TRADING - ARTISAN DYNAMIC EQUITY FMV 6,500,000 8,022,832
    GOLDMAN SACHS - NON-DISC BROKERAGE - PRIVATE EQUITY MANAGERS 2017 FMV 1,163,141 1,530,615
    GOLDMAN SACHS - NON-DISC BROKERAGE - VINTAGE FUND VII AIV FMV 78,517 83,080
    GOLDMAN SACHS - NON-DISC BROKERAGE - PETERSHILL FMV 89,286 148,210
    BDT FUND II-A SPIRITS LP FMV 84,546 116,135
    GOLDMAN SACHS - NON-DISC BROKERAGE - PRIVATE EQUITY MANAGERS 2018 FMV 563,307 616,439
    GOLDMAN SACHS - NON-DISC BROKERAGE - WEST STREET CAPITAL PARTNERS VII-PARA B FMV 92,292 92,292
    GOLDMAN SACHS - NON-DISC BROKERAGE - RENEWABLE POWER LLC FMV 253,096 324,500
    WILLIAM BLAIR (038) FMV 485,872 650,680
    GOLDMAN SACHS - NON-DISC BROKERAGE - VINTAGE FUND VIII FMV 309,314 396,011
    GOLDMAN SACHS - NON-DISC BROKERAGE - PRIVATE EQUITY MANAGERS 2019 FMV 266,702 279,582
    GOLDMAN SACHS - NON-DISC BROKERAGE - WS STRATEGIC SOLUTIONS FMV 250,000 252,838
    GOLDMAN SACHS - NON-DISC BROKERAGE - VINTAGE VI FMV 0 533,542
    GOLDMAN SACHS - NON-DISC BROKERAGE - GS INVESTMENT PARTNERS (GLOBAL L/S) FMV 0 95,037

    TY 2020 OtherExpensesSchedule
    Name:
    THE WALSH FOUNDATION
     
    C/O MADDEN JIGANTI MOORE & SINARS
    EIN:
    36-3994447
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 732,434 732,434   0
    INVESTMENT INTEREST EXPENSE 7,446 7,446   0
    ADVISORY FEES 18,960 18,960   0
    CONSULTING EXPENSES 10,000 10,000   0
    INVESTMENT EXPENSES FROM PARTNERSHIPS 14,871 14,871   0
    PARTNERSHIP DEDUCTIONS 41,042 41,042   0
    PARTNERSHIP PORTFOLIO DEDUCTIONS 91,170 91,170   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE WALSH FOUNDATION
     
    C/O MADDEN JIGANTI MOORE & SINARS
    EIN:
    36-3994447
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BDT PARTNERS FUND II - PARTNERSHIP INCOME 23,875 23,875 23,875
    GS-NON DISC-HEDGE FUND SEEDING - OTHER INCOME 13 13 13
    GS-NON DISC-PETERSHILL-OTHER INCOME 311 311 311
    GS-NON DISC-WEST STREET-OTHER INCOME -7,316 -7,316 -7,316
    BLAIR-CPG BLACKSTONE-OTHER INCOME 3,303 3,303 3,303
    GS-NON DISC - WEST STREET VII - PARALLEL B - OTHER INCOME -657 -657 -657
    BLAIR - CPG BLACKSTONE - PARTNERSHIP INCOME 1,841 1,841 1,841
    GS-NON DISC - WEST STREET VII - OTHER INCOME -4,725 -4,725 -4,725
    BLAIR - CPG BLACKSTONE - SECTION 1256 GAINS -925 -925 -925
    MISCELLANEOUS INCOME 4,810 4,810 4,810


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE WALSH FOUNDATION
     
    C/O MADDEN JIGANTI MOORE & SINARS
    EIN:
    36-3994447
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL EXCISE TAX PAYABLE 0 40,886


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE WALSH FOUNDATION
     
    C/O MADDEN JIGANTI MOORE & SINARS
    EIN:
    36-3994447
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL, ACCOUNTING & TAX COMPLIANCE PROFESSIONAL FEES 29,859 29,859   0


    TY 2020 TaxesSchedule
    Name:
    THE WALSH FOUNDATION
     
    C/O MADDEN JIGANTI MOORE & SINARS
    EIN:
    36-3994447
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TOTAL FOREIGN INCOME TAX WITHHELD 36,411 36,411   0
    ADR FEES 2,124 2,124   0
    RECLAIMABLE FOREIGN TAX 5,378 5,378   0
    MISCELLANEOUS TAX FEES 15,440 15,440   0
    FEDERAL INCOME TAXES 170,176 0   0