Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 07-01-2020 , and ending 06-30-2021
Name of foundation
F ALBERT KLEIN TRUST UNDER WILL
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

42-0859994
B Telephone number (see instructions)

(319) 753-8764
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$15,242,786J 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) 89,532
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 315,434 312,346  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 413,600
b Gross sales price for all assets on line 6a 2,947,906
7 Capital gain net income (from Part IV, line 2)... 413,600
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 436 1  
12 Total. Add lines 1 through 11........ 819,002 725,947  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 91,432 82,289   9,143
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 1,500 0 0 1,500
b Accounting fees (attach schedule)....... Click to see attachment 750 0 0 750
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,342 3,342   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 25 15   10
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 97,049 85,646 0 11,403
25 Contributions, gifts, grants paid....... 588,995 588,995
26 Total expenses and disbursements. Add lines 24 and 25 686,044 85,646 0 600,398
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 132,958
b Net investment income (if negative, enter -0-) 640,301
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.............   406 406
2 Savings and temporary cash investments......... 155,065 178,659 178,659
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)....... 6,518,712 Click to see attachment6,102,976 8,730,164
c Investments—corporate bonds (attach schedule)....... 3,077,353 Click to see attachment2,883,420 2,857,153
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,219,898 Click to see attachment2,924,939 3,476,404
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) 11,971,028 12,090,400 15,242,786
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........ 11,971,028 12,090,400
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)..... 11,971,028 12,090,400
30 Total liabilities and net assets/fund balances (see instructions). 11,971,028 12,090,400
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
11,971,028
2
Enter amount from Part I, line 27a .....................
2
132,958
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
12,103,986
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
13,586
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
12,090,400
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 1485.938 CAMBIAR INTL EQUITY FUND INS     2020-07-30
b 344.625 CAMBIAR INTL EQUITY FUND INS   2019-12-30 2020-07-30
c 500. BRISTOL MYERS SQUIBB RT 3/31/21   2019-11-20 2020-07-30
d 5813.953 EATON VANCE GLOBAL MACRO FD CL I     2020-07-30
e 268.125 FIDELITY INVT TR AD INTL DISCI   2016-01-14 2020-07-30
404.64 PARNASSUS ENDEAVOR INSTITUTIONAL   2020-01-17 2020-07-30
8630.61 PRUDENTIAL SHORT DURATION HIGH YIELD   2015-02-26 2020-07-30
100.908 ROWE T PRICE MID CAP GROWTH FD INC   2010-08-20 2020-07-30
75. APPLE COMPUTER INC   2018-11-19 2020-08-27
300. CAPITAL ONE FINL CORP COM RTS EXP 11/29/2005   2017-09-26 2020-08-27
2296.211 EATON VANCE GLOBAL MACRO FD CL I     2020-08-27
150. FACEBOOK INC A   2018-09-28 2020-08-27
3641.242 OAKMARK GLOBAL FUND CLASS ADVISOR     2020-08-27
1496.501 PARNASSUS ENDEAVOR INSTITUTIONAL   2020-01-17 2020-08-27
5714.286 PRUDENTIAL SHORT DURATION HIGH YIELD     2020-08-27
2392.344 LAUDUS INTERNATIONAL MARKETMASTERS   2012-12-10 2020-08-27
1223.99 TCW EMERGING MARKETS INCOME FUND   2013-08-14 2020-08-27
1000. FOOT LOCKER INC COM   2018-11-19 2020-09-24
400. ISHARES IBONDS DEC 2020 TERM ETF   2019-10-24 2020-09-24
50. AMERICAN CAMPUS COMMUNITIES   2020-01-17 2020-10-05
700. FOOT LOCKER INC COM   2019-08-23 2020-10-05
400. ISHARES IBONDS DEC 2020 TERM ETF   2019-10-24 2020-10-05
573.394 PRUDENTIAL SHORT DURATION HIGH YIELD   2015-06-17 2020-10-05
296.677 LAUDUS INTERNATIONAL MARKETMASTERS   2012-12-10 2020-10-05
1200. MYLAN NV   2018-08-15 2020-11-17
600. MYLAN NV   2018-09-28 2020-11-17
700. MYLAN NV   2018-11-19 2020-11-17
750. MYLAN NV   2019-05-06 2020-11-17
1500. MYLAN NV   2019-08-23 2020-11-17
1000. MYLAN NV   2019-10-24 2020-11-17
750. MYLAN NV   2020-08-27 2020-11-17
1000. MYLAN NV   2020-06-23 2020-11-17
50. ALIBABA GROUP HOLDING LTD A D R   2015-02-26 2020-11-25
63. CIGNA CORP   2017-08-18 2020-11-25
2865.33 PARAMETRIC EMERGING MARKETS INSTL     2020-11-25
100. FACEBOOK INC A   2018-09-28 2020-11-25
500. FOOT LOCKER INC COM   2020-03-17 2020-11-25
400. FOOT LOCKER INC COM   2019-08-23 2020-11-25
1702.997 GLENMEDE SMALL CAP EQUITY INSTL     2020-11-25
2418.575 OAKMARK GLOBAL FUND CLASS ADVISOR   2013-08-14 2020-11-25
250. PRUDENTIAL FINL INC   2020-01-08 2020-11-25
350. PRUDENTIAL FINL INC   2014-11-06 2020-11-25
1313.18 LAUDUS INTERNATIONAL MARKETMASTERS   2012-12-10 2020-11-25
1500. SCHWAB CHARLES CORP NEW COM     2020-11-25
171.415 OAKMARK GLOBAL FUND CLASS ADVISOR   2019-12-12 2020-12-11
1125.817 OAKMARK GLOBAL FUND CLASS ADVISOR     2020-12-11
300. ISHARES IBONDS DEC 2020 TERM ETF   2020-01-08 2020-12-11
750. MICRON TECHNOLOGY INC   2018-11-19 2020-12-11
6700. ISHARES IBONDS DEC 2020 TERM ETF     2020-12-18
7800. ISHARES IBONDS DEC 2020 TERM ETF     2020-12-18
400. CAPITAL ONE FINL CORP COM RTS EXP 11/29/2005     2021-02-26
3556.609 CAUSEWAY INTERNATL VALUE INS   2018-02-22 2021-02-26
370.233 FIDELITY INVT TR AD INTL DISCI     2021-02-26
1500. MAGNA INTL INC-CL A     2021-02-26
750. MARATHON PETROLEUM CORP     2021-02-26
650. MICRON TECHNOLOGY INC     2021-02-26
1000. WESTERN DIGITAL CORP COM     2021-02-26
500. LYONDELLBASELL INDUSTRIES CL A     2021-02-26
175. BROADCOM INC     2021-04-26
400. MAGNA INTL INC-CL A     2021-04-26
200. MARATHON PETROLEUM CORP   2020-01-08 2021-04-26
250. SCHWAB CHARLES CORP NEW COM   2020-06-23 2021-04-26
250. LYONDELLBASELL INDUSTRIES CL A   2015-01-07 2021-04-26
2759.381 PRUDENTIAL SHORT DURATION HIGH YIELD   2015-06-17 2021-04-27
300. ALLIANCE DATA SYSTEMS CORP     2021-05-28
300. AMERICAN CAMPUS COMMUNITIES   2020-01-17 2021-05-28
200. APPLE COMPUTER INC     2021-05-28
450. ARCHER DANIELS MIDLAND CO   2015-04-27 2021-05-28
200. CIGNA CORP     2021-05-28
500. CAPITAL ONE FINL CORP COM RTS EXP 11/29/2005   2017-06-26 2021-05-28
1250. ISHARES IBONDS DEC 2021 TERM ETF   2020-06-23 2021-05-28
700. MAGNA INTL INC-CL A     2021-05-28
1000. METLIFE INC COM     2021-05-28
600. MICRON TECHNOLOGY INC   2018-12-19 2021-05-28
300. SALESFORCE COM INC   2021-02-26 2021-05-28
1. ALIBABA GROUP HOLDING LTD A D R   1911-11-11 2021-06-18
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 35,350   34,532 818
b 8,199   9,198 -999
c 1,711   1,065 646
d 50,000   51,788 -1,788
e 12,500   9,816 2,684
15,000   15,963 -963
75,000   81,646 -6,646
10,000   4,946 5,054
37,766   3,496 34,270
20,677   24,900 -4,223
20,000   20,446 -446
44,476   24,579 19,897
95,000   107,316 -12,316
57,870   59,037 -1,167
50,000   53,601 -3,601
60,000   46,053 13,947
10,000   10,344 -344
32,792   48,239 -15,447
10,072   10,156 -84
1,840   2,309 -469
25,698   23,986 1,712
10,064   10,156 -92
5,000   5,378 -378
7,500   5,711 1,789
18,906   45,767 -26,861
9,453   22,077 -12,624
11,029   24,283 -13,254
11,816   21,141 -9,325
23,633   27,803 -4,170
15,755   18,160 -2,405
11,816   12,223 -407
15,755   16,195 -440
13,808   4,271 9,537
13,013   11,753 1,260
40,000   46,166 -6,166
27,478   16,386 11,092
19,327   12,230 7,097
15,462   13,706 1,756
50,000   47,152 2,848
75,000   70,163 4,837
19,566   23,781 -4,215
27,392   29,705 -2,313
36,428   25,279 11,149
74,383   54,030 20,353
5,283   4,926 357
34,698   29,032 5,666
7,545   7,602 -57
52,852   27,891 24,961
168,855   169,778 -923
196,578   197,216 -638
47,902   32,708 15,194
60,000   60,462 -462
20,000   14,037 5,963
125,456   80,156 45,300
40,548   43,892 -3,344
59,353   21,896 37,457
68,940   79,413 -10,473
51,717   41,326 10,391
82,515   43,228 39,287
39,055   20,170 18,885
10,650   11,650 -1,000
16,953   8,996 7,957
26,231   18,811 7,420
25,000   25,883 -883
36,113   65,636 -29,523
14,195   13,952 243
24,989   6,383 18,606
30,004   21,815 8,189
51,779   37,311 14,468
80,545   40,269 40,276
30,961   31,475 -514
70,370   34,919 35,451
65,493   52,083 13,410
50,662   18,899 31,763
71,707   65,559 6,148
331     331
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
      54,091
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       818
b       -999
c       646
d       -1,788
e       2,684
      -963
      -6,646
      5,054
      34,270
      -4,223
      -446
      19,897
      -12,316
      -1,167
      -3,601
      13,947
      -344
      -15,447
      -84
      -469
      1,712
      -92
      -378
      1,789
      -26,861
      -12,624
      -13,254
      -9,325
      -4,170
      -2,405
      -407
      -440
      9,537
      1,260
      -6,166
      11,092
      7,097
      1,756
      2,848
      4,837
      -4,215
      -2,313
      11,149
      20,353
      357
      5,666
      -57
      24,961
      -923
      -638
      15,194
      -462
      5,963
      45,300
      -3,344
      37,457
      -10,473
      10,391
      39,287
      18,885
      -1,000
      7,957
      7,420
      -883
      -29,523
      243
      18,606
      8,189
      14,468
      40,276
      -514
      35,451
      13,410
      31,763
      6,148
      331
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 413,600
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 8,900
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 8,900
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 8,900
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 5,952
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,952
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,948
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 RefundedBullet 11 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)
    bulletIA
    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 addressbullet  
    14
    The books are in care ofbulletUS Bank NA Telephone no.bullet (319) 753-8761

    Located atbullet201 JEFFERSONBURLINGTONIA ZIP+4bullet526015250
    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
    US Bank NA Trustee
    1     		91,432    
    201 Jefferson
    Burlington,IA52601
    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  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    13,455,769
    b
    Average of monthly cash balances.......................
    1b
    234,271
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,690,040
    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
    13,690,040
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    205,351
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    13,484,689
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    674,234
    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
    674,234
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    8,900
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    8,900
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    665,334
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    665,334
    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
    665,334
    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
    600,398
    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
    600,398
    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
    600,398
    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 7 665,334
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 588,995
    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$ 600,398
    a Applied to 2019, but not more than line 2a 588,995
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		Click to see attachment11,403
    d Applied to 2020 distributable amount..... 0
    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 11,403
    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 ..........     		665,334
    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) .......     		11,403
    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).)
    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
    GREAT RIVER MEDICAL CENTER
    ATTN CORPORATE CONTROLLER
    1221 S GEAR AVE
    W BURLINGTON,IA526551679     		NONE PC GENERAL OPERATING 588,995
    Total .................................bullet 3a 588,995
    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....     14 315,434  
    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 ............     		    18 413,600  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL TAX REFUND     		    1 435  
    bOTHER INCOME     1 1  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   729,470  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    729,470
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    F ALBERT KLEIN TRUST UNDER WILL
     
    Employer identification number

    42-0859994
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    F ALBERT KLEIN TRUST UNDER WILL
          		Employer identification number
    42-0859994
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Charles Florence Phelps Trust
    US Bank Trust Tax Dept
    PO Box 2043
    Milwaukee, WI532019668

    		$ 89,532


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    F ALBERT KLEIN TRUST UNDER WILL
          		Employer identification number

    42-0859994
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    F ALBERT KLEIN TRUST UNDER WILL
          		Employer identification number

    42-0859994
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    F ALBERT KLEIN TRUST UNDER WILL
    EIN:
    42-0859994
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 750     750

    TY 2020 DistributionFromCorpusElection
    Name:
    F ALBERT KLEIN TRUST UNDER WILL
    EIN:
    42-0859994
    Election:
    Pursuant to IRC Sec. 4942(h)(2) and Reg. 53.4942(a)-3(d)(2), theabove referenced foundation hereby elects to treat current yearqualifying distributions in excess of the immediately preceding taxyears undistributed income as being made out of Corpus to satisfythe PF to PF pass-through requirements

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    F ALBERT KLEIN TRUST UNDER WILL
    EIN:
    42-0859994
    Name of Bond End of Year Book Value End of Year Fair Market Value
    670700400 NUVEEN PREFERRED SEC 661,385 685,927
    87234N765 TCW EMERGING MARKETS 171,612 170,097
    74440B884 PGIM TOTAL RETURN BO 351,262 357,021
    258620103 DOUBLELINE TOTAL RET 692,617 676,724
    861729101 STONE RIDGE REINSUR 200,000 177,807
    31420B300 FEDERATED INST HI YL 227,012 236,989
    72369L107 PIONEER ILS INTERVAL 225,000 205,259
    74442J406 PRUDENTIAL SHORT DUR 220,326 215,085
    277923728 EATON VANCE GLOBAL M 134,206 132,244
    46434VAQ3 ISHARES IBONDS DEC 2    

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    F ALBERT KLEIN TRUST UNDER WILL
    EIN:
    42-0859994
    Name of Stock End of Year Book Value End of Year Fair Market Value
    77956H849 T ROWE PRICE INTL GR 133,887 137,913
    744320102 PRUDENTIAL FINANCIAL 154,683 220,311
    06828M876 BARON EMERGING MARKE 276,555 509,392
    464288448 ISHARES INTERNATIONA 219,575 239,760
    701769408 PARNASSUS CORE EQUIT 164,502 242,979
    77957Y106 T ROWE PRICE MID CAP 424,798 525,803
    018581108 ALLIANCE DATA SYSTEM 136,533 67,724
    N53745100 LYONDELLBASELL INDUS 128,734 231,458
    641233200 NEUBERGER BERMAN GEN 176,435 362,667
    149498107 CAUSEWAY EMERGING MA 205,349 300,384
    01609W102 ALIBABA GROUP HOLDIN 54,244 170,085
    277923751 PARAMETRIC EMERGING 104,246 107,523
    315910620 FIDELITY INVT TR AD 49,931 76,515
    00769G543 CAMBIAR INTL EQUITY    
    039483102 ARCHER DANIELS MIDLA    
    14040H105 CAPITAL ONE FINANCIA 46,364 123,752
    779556109 ROWE T PRICE MID-CAP 128,253 324,990
    14149Y108 CARDINAL HEALTH INC 215,082 162,707
    808509640 LAUDUS INTERNATIONAL    
    037833100 APPLE INC 34,439 273,920
    58155Q103 MCKESSON CORPORATION 182,085 248,612
    003021714 ABERDEEN FDS EMRGN 56,616 83,624
    375558103 GILEAD SCIENCES INC 102,409 103,290
    413838681 OAKMARK GLOBAL FUND    
    11135F101 BROADCOM INC 131,213 286,104
    68389X105 ORACLE CORPORATION 43,812 70,056
    09062X103 BIOGEN, INC 60,442 86,568
    958102105 WESTERN DIGITAL CORP 128,977 213,510
    59156R108 METLIFE INC 142,532 179,550
    02079K305 ALPHABET INC CL A 108,684 244,179
    14949P208 CAUSEWAY INTERNATL V 129,397 139,858
    00287Y109 ABBVIE INC 162,721 247,808
    125523100 CIGNA CORP 33,196 47,414
    N59465109 MYLAN NV    
    459200101 INTERNATIONAL BUSINE 183,054 205,226
    30303M102 FACEBOOK INC A 113,990 260,783
    595112103 MICRON TECHNOLOGY IN    
    559222401 MAGNA INTL INC CL    
    344849104 FOOT LOCKER INC    
    110122108 BRISTOL MYERS SQUIBB 134,804 150,345
    172967424 CITIGROUP INC 118,032 166,263
    00206R102 ATT INC 192,394 189,948
    808513105 SCHWAB CHARLES CORP 35,984 72,810
    110122157 BRISTOL MYERS SQUIBB    
    56585A102 MARATHON PETROLEUM C 115,608 199,386
    17275R102 CISCO SYSTEMS INC 144,698 164,300
    127097103 CABOT OIL GAS CORP C 187,389 192,060
    91913Y100 VALERO ENERGY CORP 77,189 140,544
    024835100 AMERICAN CAMPUS COMM 111,860 144,832
    15135B101 CENTENE CORP COM 79,444 116,688
    031162100 AMGEN INC 55,006 60,938
    747525103 QUALCOMM INC 107,868 114,344
    92556V106 VIATRIS INC 140,348 128,610
    58933Y105 MERCK AND CO INC 115,880 124,432
    68622V106 ORGANON CO 5,724 4,842
    92343V104 VERIZON COMMUNICATIO 121,532 120,465
    717081103 PFIZER INC 126,478 144,892

    TY 2020 InvestmentsOtherSchedule2
    Name:
    F ALBERT KLEIN TRUST UNDER WILL
    EIN:
    42-0859994
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    87245P684 TIAA CREF BOND PLUS AT COST 252,173 266,759
    378690820 GLENMEDE SMALL CAP E AT COST 329,629 477,165
    00143W859 INVESCO OPPENHEIMER AT COST 61,672 98,384
    87245P650 TIAA CREF SHORT TERM AT COST 334,463 337,398
    025076845 AMERICAN CENT SMALL AT COST 275,000 453,746
    641224415 NEUBERGER BERMAN EME AT COST 275,000 324,661
    79471L602 SALIENT MLP ENERGY I AT COST 95,000 95,816
    922908512 VANGUARD MID CAP VAL AT COST 96,964 168,600
    46434VBK5 ISHARES IBONDS DEC 2 AT COST 162,745 161,070
    74254V273 PRINCIPAL GL R E SEC AT COST 150,000 156,008
    46138E743 INVESCO FTSE RADI DE AT COST 84,342 108,315
    63873P817 LOOMIS SAYLES STRATE AT COST 157,951 163,547
    701765406 PARNASSUS ENDEAVOR I      
    03463K406 ANGEL OAK MULTI STRA AT COST 515,000 517,503
    36381Y108 MONDRIAN INTERNATION AT COST 135,000 147,432

    TY 2020 LegalFeesSchedule
    Name:
    F ALBERT KLEIN TRUST UNDER WILL
    EIN:
    42-0859994
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - INCOME (ALLOCABLE 1,500     1,500


    TY 2020 OtherDecreasesSchedule
    Name:
    F ALBERT KLEIN TRUST UNDER WILL
    EIN:
    42-0859994
    Description Amount
    COST BASIS ADJUSTMENT 3,099
    APPLE INC ADJ 10,487


    TY 2020 OtherExpensesSchedule
    Name:
    F ALBERT KLEIN TRUST UNDER WILL
    EIN:
    42-0859994
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FILING FEE/TAX 10 0   10
    ADR FEES 15 15   0


    TY 2020 OtherIncomeSchedule2
    Name:
    F ALBERT KLEIN TRUST UNDER WILL
    EIN:
    42-0859994
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 435 0  
    OTHER INCOME 1 1  


    TY 2020 TaxesSchedule
    Name:
    F ALBERT KLEIN TRUST UNDER WILL
    EIN:
    42-0859994
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 3,049 3,049   0
    FOREIGN TAXES ON NONQUALIFIED 293 293   0