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
HILLSDALE-EDITH K CARR - MAIN
 
Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118
A Employer identification number

41-6012952
B Telephone number (see instructions)

(888) 730-4933
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$15,762,938J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 324,089 286,084  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 389,651
b Gross sales price for all assets on line 6a 2,406,131
7 Capital gain net income (from Part IV, line 2)... 389,651
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 906 906  
12 Total. Add lines 1 through 11........ 714,646 676,641  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 117,554 105,799   11,755
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 950 0 0 950
c Other professional fees (attach schedule).... Click to see attachment 6,458 6,458   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 20,683 1,872   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 1,135 1,110   25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 146,780 115,239 0 12,730
25 Contributions, gifts, grants paid....... 736,168 736,168
26 Total expenses and disbursements. Add lines 24 and 25 882,948 115,239 0 748,898
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -168,302
b Net investment income (if negative, enter -0-) 561,402
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............. 3,380 5,019 5,019
2 Savings and temporary cash investments......... 736,722 170,131 170,131
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).......   Click to see attachment1,239,756 1,555,266
c Investments—corporate bonds (attach schedule).......   Click to see attachment2,213,494 2,328,126
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 12,103,063 Click to see attachment9,062,408 11,704,396
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) 12,843,165 12,690,808 15,762,938
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........ 12,843,165 12,690,808
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)..... 12,843,165 12,690,808
30 Total liabilities and net assets/fund balances (see instructions). 12,843,165 12,690,808
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
12,843,165
2
Enter amount from Part I, line 27a .....................
2
-168,302
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
16,215
4
Add lines 1, 2, and 3 ..........................
4
12,691,078
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
270
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
12,690,808
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 4. AIR PRODS & CHEMS INC COM   2019-08-14 2020-01-10
b 4. ANSYS INC   2019-08-14 2020-01-10
c 39. FNF GROUP   2019-08-14 2020-01-10
d 8. FIRST REPUBLIC BANK/SAN FRANCI   2019-08-14 2020-01-10
e 4. MARTIN MARIETTA MATLS INC COM   2019-08-14 2020-01-10
2. O'REILLY AUTOMOTIVE INC   2019-08-14 2020-01-10
4. AON PLC   2019-08-14 2020-01-10
81.37 FHLMC POOL #ZL9432 3.000% 4/01/45   2019-04-29 2020-01-25
85.21 FHLMC POOL #QA4354 3.000% 11/01/49   2019-11-22 2020-01-25
6. AIR PRODS & CHEMS INC COM   2019-08-14 2020-01-30
2. ANSYS INC   2019-08-14 2020-01-30
5. MARTIN MARIETTA MATLS INC COM   2019-08-14 2020-01-30
3. S&P GLOBAL INC   2019-08-14 2020-01-30
4. VERISK ANALYTICS INC   2019-08-14 2020-01-30
1459. ISHARES CORE S&P MIDCAP ETF     2020-02-04
3030. ISHARES CORE S&P SMALL-CAP E   2012-10-09 2020-02-04
128. LOGMEIN INC   2019-08-13 2020-02-05
8. COPART INC COM   2019-08-14 2020-02-10
4. MARTIN MARIETTA MATLS INC COM   2019-08-14 2020-02-10
25. BROOKFIELD ASSET MANAGE-CL A   2019-08-14 2020-02-18
5. CABLE ONE INC   2019-08-13 2020-02-18
31. FNF GROUP   2019-08-14 2020-02-18
15. IHS MARKIT LTD   2019-08-14 2020-02-18
4. CABLE ONE INC   2019-08-13 2020-02-20
22. BROOKFIELD ASSET MANAGE-CL A   2019-08-14 2020-02-25
1607.98 FHLMC POOL #ZL9432 3.000% 4/01/45   2019-04-29 2020-02-25
250.95 FHLMC POOL #QA4354 3.000% 11/01/49   2019-11-22 2020-02-25
4. ANSYS INC   2019-08-14 2020-03-05
5. DOMINOS PIZZA INC     2020-03-05
5. FIRST REPUBLIC BANK/SAN FRANCI   2019-08-14 2020-03-05
13. GUIDEWIRE SOFTWARE INC     2020-03-05
58.99905 KENNEDY-WILSON HOLDINGS INC   2019-08-14 2020-03-05
26.00095 KENNEDY-WILSON HOLDINGS INC   2019-08-14 2020-03-05
8. VERISK ANALYTICS INC   2019-08-14 2020-03-05
36. WAYFAIR INC   2019-08-14 2020-03-05
269. DELEK US HOLDINGS INC     2020-03-16
4. DOMINOS PIZZA INC   2019-09-20 2020-03-20
120. RYMAN HOSPITALITY PROPERTIES   2019-08-13 2020-03-20
46. WAYFAIR INC     2020-03-20
486. PARSLEY ENERGY INC-CLASS A     2020-03-23
13. POOL CORPORATION   2019-08-13 2020-03-23
494. BLOOMIN' BRANDS INC   2019-08-13 2020-03-24
73.82 FHLMC POOL #ZL9432 3.000% 4/01/45   2019-04-29 2020-03-25
354.15 FHLMC POOL #QA4354 3.000% 11/01/49   2019-11-22 2020-03-25
2513.901 INV OPP DEVELOP MRKTS-R6 7038     2020-03-30
6222.973 ABERDEEN EMERG MARKETS-INST 5840     2020-03-30
922.452 F&T BHVRL SM CAP EQ-R6 #5158   2020-02-04 2020-03-30
777. ISHARES CORE S&P MIDCAP ETF     2020-03-30
610. ISHARES CORE S&P SMALL-CAP E     2020-03-30
98. SYNNEX CORP   2019-08-13 2020-03-30
13. BROWN & BROWN INC   2019-08-14 2020-03-31
11. DOLLAR GENERAL CORP   2019-08-14 2020-03-31
6. MSCI INC   2019-08-14 2020-03-31
14. SHOPIFY INC - A W/I     2020-03-31
45. LIBERTY GLOBAL PLC-SERIES C   2019-08-14 2020-03-31
40. RESTAURANT BRANDS INTERN   2019-08-14 2020-04-07
16. SBA COMMUNICATIONS CORP   2019-08-14 2020-04-07
604. NEWMARK GROUP INC     2020-04-08
188. COMFORT SYS USA INC COM   2019-08-13 2020-04-16
54. QTS REALTY TRUST INC-CL A   2019-08-13 2020-04-23
1094.16 FHLMC POOL #ZL9432 3.000% 4/01/45   2019-04-29 2020-04-25
90.1 FHLMC POOL #QA4354 3.000% 11/01/49   2019-11-22 2020-04-25
44. BADGER METER INC   2019-08-13 2020-04-28
12. COGENT COMMUNICATIONS HOLDINGSINC   2019-08-13 2020-04-28
35. COLFAX CORPORATION   2019-08-14 2020-05-05
7. DOLLAR GENERAL CORP   2019-08-14 2020-05-05
2. DOMINOS PIZZA INC   2019-08-14 2020-05-05
12. FIRST REPUBLIC BANK/SAN FRANCI   2019-08-14 2020-05-05
7. GARTNER INC   2019-08-14 2020-05-05
2. METTLER-TOLEDO INTL INC   2019-08-14 2020-05-05
13. PROGRESSIVE CORP OHIO   2019-08-14 2020-05-05
12. SBA COMMUNICATIONS CORP   2019-08-14 2020-05-05
11. VERISK ANALYTICS INC   2019-08-14 2020-05-05
19. IHS MARKIT LTD   2019-08-14 2020-05-05
57. STANDARD MTR PRODS INC   2019-08-13 2020-05-08
21. U.S. PHYSICAL THERAPY INC   2019-08-13 2020-05-08
19.99994 CANTEL MEDICAL CORP.   2019-08-13 2020-05-15
49.00006 CANTEL MEDICAL CORP.   2019-08-13 2020-05-15
10. QUAKER CHEM CORP   2019-08-13 2020-05-18
31. CANTEL MEDICAL CORP.   2019-08-13 2020-05-20
17. U.S. PHYSICAL THERAPY INC   2019-08-13 2020-05-20
26. STANDARD MTR PRODS INC   2019-08-13 2020-05-22
1039.13 FHLMC POOL #ZL9432 3.000% 4/01/45   2019-04-29 2020-05-25
130.77 FHLMC POOL #QA4354 3.000% 11/01/49   2019-11-22 2020-05-25
5. DOLLAR GENERAL CORP   2019-08-14 2020-06-01
6. DOMINOS PIZZA INC   2019-08-14 2020-06-01
28. FIRST REPUBLIC BANK/SAN FRANCI   2019-08-14 2020-06-01
28. LIBERTY FORMULA ONE COMMON STOCK   2019-08-14 2020-06-01
31. IHS MARKIT LTD   2019-08-14 2020-06-01
46. LIBERTY GLOBAL PLC-A   2019-08-14 2020-06-01
79. LIBERTY GLOBAL PLC-SERIES C   2019-08-14 2020-06-01
15. AMERCO   2019-08-14 2020-06-03
19. BLACK KNIGHT INC     2020-06-03
3. O'REILLY AUTOMOTIVE INC     2020-06-03
39. STANDARD MTR PRODS INC   2019-08-13 2020-06-03
17. TRANSUNION   2019-08-14 2020-06-03
40000. FISERV INC 3.500% 10/01/22   2012-09-18 2020-06-04
50000. TRAVELERS COS INC 3.900% 11/01/20   2014-09-10 2020-06-04
30000. US TREASURY NOTE 3.125% 5/15/21   2012-08-21 2020-06-04
30000. US TREASURY NOTE 2.125% 6/30/22   2019-11-04 2020-06-04
146. ALGONQUIN POWER & UTILITIES   2019-08-13 2020-06-05
44. STANDARD MTR PRODS INC   2019-08-13 2020-06-09
17. POOL CORPORATION   2019-08-13 2020-06-11
19. CANTEL MEDICAL CORP.     2020-06-12
11. U.S. PHYSICAL THERAPY INC   2019-08-13 2020-06-12
29. NEENAH INC   2019-08-13 2020-06-18
23. POWER INTERGRATIONS INC COM   2019-08-13 2020-06-19
6. POOL CORPORATION   2019-08-13 2020-06-23
71. CANTEL MEDICAL CORP.     2020-06-24
574.18 FHLMC POOL #ZL9432 3.000% 4/01/45   2019-04-29 2020-06-25
91.19 FHLMC POOL #QA4354 3.000% 11/01/49   2019-11-22 2020-06-25
2. ANSYS INC   2019-08-14 2020-06-26
3. AUTODESK INC   2020-05-05 2020-06-26
17. BROWN & BROWN INC   2019-08-14 2020-06-26
15. BROWN FORMAN CORP CL B   2019-08-14 2020-06-26
2. DOMINOS PIZZA INC   2019-08-14 2020-06-26
39. ELANCO ANIMAL HEALTH INC   2019-08-14 2020-06-26
8. FIRST REPUBLIC BANK/SAN FRANCI   2019-08-14 2020-06-26
4. IDEXX CORP   2019-08-14 2020-06-26
3. MSCI INC   2019-08-14 2020-06-26
5. MOODYS CORP   2019-08-14 2020-06-26
17. PROGRESSIVE CORP OHIO   2019-08-14 2020-06-26
15. SBA COMMUNICATIONS CORP   2019-08-14 2020-06-26
59. LIBERTY GLOBAL PLC-A   2019-08-14 2020-06-26
81. LIBERTY GLOBAL PLC-SERIES C   2019-08-14 2020-06-26
100000. BANK OF AMERICA CORP 5.625% 7/01/20   2015-01-15 2020-07-01
19. U.S. PHYSICAL THERAPY INC   2019-08-13 2020-07-09
8905.852 TCW EMRG MKTS INCM-I 4721   2019-04-29 2020-07-13
50000. US TREASURY NOTE 2.750% 2/15/28   2019-11-04 2020-07-13
20. U.S. PHYSICAL THERAPY INC     2020-07-15
74.29 FHLMC POOL #ZL9432 3.000% 4/01/45   2019-04-29 2020-07-25
5427.96 FHLMC POOL #QA4354 3.000% 11/01/49   2019-11-22 2020-07-25
4. AIR PRODS & CHEMS INC COM   2019-08-14 2020-07-27
3. ANSYS INC   2019-08-14 2020-07-27
3. AUTODESK INC   2020-05-05 2020-07-27
2. DOLLAR GENERAL CORP   2019-08-14 2020-07-27
14. FASTENAL CO   2020-01-10 2020-07-27
8. GCI LIBERTY INC   2019-08-14 2020-07-27
2. O'REILLY AUTOMOTIVE INC   2019-08-14 2020-07-27
1. S&P GLOBAL INC   2019-08-14 2020-07-27
8. SQUARE INC     2020-07-27
11. TRANSUNION   2019-08-14 2020-07-27
3. VERISK ANALYTICS INC   2019-08-14 2020-07-27
3. WIX.COM LTD   2019-08-14 2020-07-27
18. RYDER SYS INC   2019-08-13 2020-07-28
97. NEENAH INC     2020-08-03
15000. US TREASURY NOTE 2.125% 6/30/22   2019-11-04 2020-08-06
186. RYDER SYS INC     2020-08-10
6. AARONS INC   2019-11-06 2020-08-12
2. AMERICAN STATES WATER COMPANY COM   2019-08-13 2020-08-12
5. AMERICOLD REALTY TRUST   2019-08-13 2020-08-12
1. AMERISAFE INC   2019-08-13 2020-08-12
1. BWX TECHNOLOGIES INC   2019-08-13 2020-08-12
3. BADGER METER INC   2019-08-13 2020-08-12
1. CASEYS GEN STORES INC   2019-08-13 2020-08-12
1. CHEMED CORP NEW   2019-08-13 2020-08-12
1. CHESAPEAKE UTILS CORP   2020-03-12 2020-08-12
8. COGENT COMMUNICATIONS HOLDINGSINC   2019-08-13 2020-08-12
2. COHEN & STEERS INC   2019-08-13 2020-08-12
1. ENCOMPASS HEALTH CORP   2019-08-13 2020-08-12
2. EXPONENT INC   2019-08-13 2020-08-12
5. INNOVATIVE INDUSTRIAL PROPER   2020-06-05 2020-08-12
1. J & J SNACK FOODS CORP   2019-08-13 2020-08-12
2. MAXIMUS INC   2020-05-15 2020-08-12
1. POOL CORPORATION   2019-08-13 2020-08-12
1. POWER INTERGRATIONS INC COM   2019-08-13 2020-08-12
1. QTS REALTY TRUST INC-CL A   2019-08-13 2020-08-12
1. STANDEX INTL CORP COM   2019-10-28 2020-08-12
2. TETRA TECH INC NEW   2019-08-13 2020-08-12
1. UNIVERSAL DISPLAY CORP   2019-08-13 2020-08-12
963.37 FHLMC POOL #ZL9432 3.000% 4/01/45   2019-04-29 2020-08-25
81.56 FHLMC POOL #QA4354 3.000% 11/01/49   2019-11-22 2020-08-25
13. CBRE GROUP INC     2020-08-27
9. CBRE GROUP INC   2019-08-14 2020-08-27
10. COGNEX CORP   2019-08-14 2020-08-27
5. COPART INC COM   2020-07-27 2020-08-27
10. FASTENAL CO   2020-01-10 2020-08-27
1. ROPER TECHNOLOGIES INC   2020-01-30 2020-08-27
5. TRANSUNION   2019-08-14 2020-08-27
5. VERISIGN INC COM   2019-08-14 2020-08-27
5. CHEMED CORP NEW   2019-08-13 2020-08-28
5. POOL CORPORATION   2019-08-13 2020-08-28
3. BLACK KNIGHT INC   2019-08-14 2020-09-09
11. BLACK KNIGHT INC   2019-11-26 2020-09-09
4. CARMAX INC   2019-08-14 2020-09-09
10. FIRST REPUBLIC BANK/SAN FRANCI   2019-08-14 2020-09-09
4. MARTIN MARIETTA MATLS INC COM   2019-08-14 2020-09-09
1. O'REILLY AUTOMOTIVE INC   2019-08-14 2020-09-09
1. TRANSDIGM GROUP INC   2019-08-14 2020-09-09
8. CASEYS GEN STORES INC   2019-08-13 2020-09-10
5. CHEMED CORP NEW   2019-08-13 2020-09-10
12. POOL CORPORATION   2019-08-13 2020-09-16
29. COLFAX CORPORATION   2019-08-14 2020-09-23
6. COPART INC COM     2020-09-23
20. LIBERTY SIRIUSXM GROUP   2019-08-14 2020-09-23
1. TRANSDIGM GROUP INC   2019-08-14 2020-09-23
1537.72 FHLMC POOL #ZL9432 3.000% 4/01/45   2019-04-29 2020-09-25
81.55 FHLMC POOL #QA4354 3.000% 11/01/49   2019-11-22 2020-09-25
16. POOL CORPORATION   2019-08-13 2020-10-02
13. CASEYS GEN STORES INC   2019-08-13 2020-10-08
17. BADGER METER INC   2019-08-13 2020-10-23
30. TETRA TECH INC NEW   2019-08-13 2020-10-23
549.22 FHLMC POOL #ZL9432 3.000% 4/01/45   2019-04-29 2020-10-25
85.96 FHLMC POOL #QA4354 3.000% 11/01/49   2019-11-22 2020-10-25
32. ENSIGN GROUP INC/THE   2019-08-13 2020-10-26
8. CARMAX INC   2019-08-14 2020-10-29
100. COLFAX CORPORATION   2019-08-14 2020-10-29
3. COPART INC COM   2020-06-01 2020-10-29
14. FIRST REPUBLIC BANK/SAN FRANCI   2019-08-14 2020-10-29
7. GARTNER INC   2019-08-14 2020-10-29
1. METTLER-TOLEDO INTL INC   2019-08-14 2020-10-29
4. PROGRESSIVE CORP OHIO   2019-08-14 2020-10-29
1. TRANSDIGM GROUP INC   2019-08-14 2020-10-29
4856.21 INV OPP DEVELOP MRKTS-R6 7038     2020-10-30
16189.618 ABERDEEN EMERG MARKETS-INST 5840     2020-10-30
5169.753 BOSTON P LNG/SHRT RES-INS 7015   2013-07-31 2020-10-30
12. MORNINGSTAR INC   2019-08-13 2020-11-06
22. TETRA TECH INC NEW   2019-08-13 2020-11-06
13. MORNINGSTAR INC   2019-08-13 2020-11-10
16. UNIVERSAL DISPLAY CORP   2019-08-13 2020-11-10
20. EQUIFAX INC   2020-10-29 2020-11-17
33. EXPONENT INC   2019-08-13 2020-11-20
23. TETRA TECH INC NEW   2019-08-13 2020-11-20
18. BROOKFIELD ASSET MANAGE-CL A   2020-08-27 2020-11-25
980.6 FHLMC POOL #ZL9432 3.000% 4/01/45   2019-04-29 2020-11-25
85.72 FHLMC POOL #QA4354 3.000% 11/01/49   2019-11-22 2020-11-25
3. IDEXX CORP   2019-08-14 2020-11-25
11. LITTELFUSE INC COM   2019-08-13 2020-11-30
9. CBRE GROUP INC   2019-08-14 2020-12-08
6. HILTON WORLDWIDE HOLDINGS IN   2019-08-14 2020-12-08
5. MICROCHIP TECHNOLOGY INC COM   2019-08-14 2020-12-08
2. TRANSDIGM GROUP INC   2019-08-14 2020-12-08
39. POWER INTERGRATIONS INC COM   2019-08-13 2020-12-09
38. PROG HOLDINGS INC     2020-12-09
14. BADGER METER INC   2019-08-13 2020-12-16
27. COHEN & STEERS INC   2019-08-13 2020-12-16
26. EXPONENT INC   2019-08-13 2020-12-16
3330.003 F&T BHVRL SM CAP EQ-R6 #5158   2020-02-04 2020-12-22
11084.378 ALPA SPLX MGD FUTR STRGY-Y 2608   2015-08-20 2020-12-22
523.28 FHLMC POOL #ZL9432 3.000% 4/01/45   2019-04-29 2020-12-25
86.69 FHLMC POOL #QA4354 3.000% 11/01/49   2019-11-22 2020-12-25
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 939   894 45
b 1,046   823 223
c 1,786   1,684 102
d 914   736 178
e 1,102   999 103
873   738 135
834   752 82
81   81  
85   87 -2
1,422   1,342 80
554   412 142
1,308   1,249 59
888   754 134
654   615 39
300,079   147,505 152,574
249,640   116,488 133,152
10,950   9,252 1,698
820   597 223
1,096   999 97
1,684   1,249 435
8,791   6,276 2,515
1,381   1,339 42
1,203   951 252
7,114   5,020 2,094
1,400   1,099 301
1,608   1,592 16
251   256 -5
1,012   823 189
1,673   1,380 293
505   460 45
1,257   1,227 30
1,195   1,224 -29
526   539 -13
1,326   1,230 96
2,137   4,175 -2,038
2,659   8,913 -6,254
1,348   992 356
2,615   9,681 -7,066
1,237   4,992 -3,755
2,487   7,976 -5,489
2,257   2,560 -303
3,534   8,501 -4,967
74   73 1
354   361 -7
87,710   86,874 836
73,680   96,909 -23,229
18,735   24,989 -6,254
110,549   77,386 33,163
33,738   23,249 10,489
7,155   8,420 -1,265
469   463 6
1,695   1,481 214
1,766   1,316 450
5,862   5,112 750
712   1,164 -452
1,602   2,970 -1,368
4,487   4,141 346
2,091   6,737 -4,646
5,913   7,482 -1,569
3,422   2,563 859
1,094   1,083 11
90   92 -2
2,625   2,417 208
1,052   673 379
850   892 -42
1,221   943 278
718   472 246
1,211   1,103 108
831   900 -69
1,389   1,336 53
1,000   989 11
3,495   3,106 389
1,709   1,691 18
1,251   1,204 47
2,232   2,586 -354
1,482   2,850 -1,368
670   1,813 -1,143
1,642   4,442 -2,800
1,689   1,656 33
1,097   2,810 -1,713
1,301   2,307 -1,006
1,013   1,179 -166
1,039   1,029 10
131   133 -2
966   673 293
2,353   1,417 936
3,063   2,575 488
981   1,122 -141
2,179   1,965 214
997   1,208 -211
1,673   2,043 -370
4,796   5,251 -455
1,435   1,215 220
1,266   1,156 110
1,620   1,769 -149
1,544   1,363 181
42,340   39,816 2,524
50,605   53,965 -3,360
30,830   33,713 -2,883
31,195   30,418 777
2,138   1,898 240
1,881   1,996 -115
4,450   3,347 1,103
752   1,721 -969
785   1,493 -708
1,460   1,969 -509
2,717   2,014 703
1,605   1,181 424
3,080   5,997 -2,917
574   568 6
91   93 -2
570   412 158
700   548 152
682   605 77
918   827 91
733   472 261
822   1,124 -302
833   736 97
1,303   1,085 218
998   658 340
1,350   1,033 317
1,321   1,294 27
4,393   3,883 510
1,236   1,549 -313
1,677   2,095 -418
100,000   115,692 -15,692
1,410   2,578 -1,168
70,000   72,850 -2,850
58,273   53,914 4,359
1,640   2,564 -924
74   74  
5,428   5,537 -109
1,180   894 286
897   617 280
714   548 166
381   269 112
644   510 134
604   464 140
898   738 160
352   251 101
1,002   497 505
987   882 105
549   461 88
815   429 386
763   888 -125
4,447   6,477 -2,030
15,570   15,209 361
7,198   8,736 -1,538
357   377 -20
162   169 -7
194   175 19
67   67  
59   57 2
204   165 39
174   168 6
503   428 75
87   84 3
561   446 115
128   105 23
65   63 2
168   141 27
585   467 118
132   189 -57
153   130 23
325   197 128
119   88 31
69   47 22
61   75 -14
191   160 31
188   214 -26
963   954 9
82   83 -1
613   703 -90
424   454 -30
668   437 231
514   454 60
486   364 122
430   391 39
432   401 31
1,047   1,014 33
2,544   2,139 405
1,660   985 675
246   183 63
902   684 218
418   338 80
1,099   920 179
810   999 -189
480   369 111
490   524 -34
1,422   1,344 78
2,453   2,139 314
3,636   2,363 1,273
890   739 151
628   544 84
656   802 -146
496   524 -28
1,538   1,522 16
82   83 -1
5,176   3,150 2,026
2,367   2,184 183
1,309   934 375
3,184   2,400 784
549   544 5
86   88 -2
1,889   1,395 494
703   675 28
2,739   2,549 190
334   269 65
1,748   1,287 461
828   900 -72
1,003   668 335
365   304 61
467   524 -57
219,743   165,903 53,840
273,605   241,802 31,803
67,000   69,637 -2,637
2,466   1,845 621
2,452   1,760 692
2,786   1,999 787
3,380   3,428 -48
3,418   2,810 608
2,692   2,329 363
2,811   1,840 971
751   626 125
981   971 10
86   87 -1
1,337   814 523
2,633   1,755 878
594   454 140
654   551 103
717   437 280
1,196   1,047 149
2,990   1,708 1,282
2,116   2,047 69
1,244   769 475
2,053   1,385 668
2,283   1,835 448
100,000   90,210 9,790
115,278   121,263 -5,985
523   518 5
87   88 -1
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
      35,160
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       45
b       223
c       102
d       178
e       103
      135
      82
       
      -2
      80
      142
      59
      134
      39
      152,574
      133,152
      1,698
      223
      97
      435
      2,515
      42
      252
      2,094
      301
      16
      -5
      189
      293
      45
      30
      -29
      -13
      96
      -2,038
      -6,254
      356
      -7,066
      -3,755
      -5,489
      -303
      -4,967
      1
      -7
      836
      -23,229
      -6,254
      33,163
      10,489
      -1,265
      6
      214
      450
      750
      -452
      -1,368
      346
      -4,646
      -1,569
      859
      11
      -2
      208
      379
      -42
      278
      246
      108
      -69
      53
      11
      389
      18
      47
      -354
      -1,368
      -1,143
      -2,800
      33
      -1,713
      -1,006
      -166
      10
      -2
      293
      936
      488
      -141
      214
      -211
      -370
      -455
      220
      110
      -149
      181
      2,524
      -3,360
      -2,883
      777
      240
      -115
      1,103
      -969
      -708
      -509
      703
      424
      -2,917
      6
      -2
      158
      152
      77
      91
      261
      -302
      97
      218
      340
      317
      27
      510
      -313
      -418
      -15,692
      -1,168
      -2,850
      4,359
      -924
       
      -109
      286
      280
      166
      112
      134
      140
      160
      101
      505
      105
      88
      386
      -125
      -2,030
      361
      -1,538
      -20
      -7
      19
       
      2
      39
      6
      75
      3
      115
      23
      2
      27
      118
      -57
      23
      128
      31
      22
      -14
      31
      -26
      9
      -1
      -90
      -30
      231
      60
      122
      39
      31
      33
      405
      675
      63
      218
      80
      179
      -189
      111
      -34
      78
      314
      1,273
      151
      84
      -146
      -28
      16
      -1
      2,026
      183
      375
      784
      5
      -2
      494
      28
      190
      65
      461
      -72
      335
      61
      -57
      53,840
      31,803
      -2,637
      621
      692
      787
      -48
      608
      363
      971
      125
      10
      -1
      523
      878
      140
      103
      280
      149
      1,282
      69
      475
      668
      448
      9,790
      -5,985
      5
      -1
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 389,651
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 7,803
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 7,803
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 7,803
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 17,732
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 1,678
7 Total credits and payments. Add lines 6a through 6d.............. 7 19,410
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 11,607
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet7,804 RefundedBullet 11 3,803
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)
    bulletMN
    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 ofbulletWELLS FARGO BANK NA Telephone no.bullet (888) 730-4933

    Located atbullet100 N MAIN ST MAC D4001-117WINSTON SALEMNC ZIP+4bullet27101
    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 bullet2018, 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
    Yes
     
    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
    WELLS FARGO BANK N A TRUSTEE
    1     		117,554    
    100 N MAIN ST MAC D4001-117
    WINSTON SALEM,NC27101
    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
    13,844,533
    b
    Average of monthly cash balances.......................
    1b
    404,968
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    14,249,501
    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
    14,249,501
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    213,743
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    14,035,758
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    701,788
    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
    701,788
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    7,803
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,803
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    693,985
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    693,985
    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
    693,985
    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
    748,898
    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
    748,898
    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
    748,898
    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 7 693,985
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 690,574
    b Total for prior years:2018, 20, 20 32,840
    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$ 748,898
    a Applied to 2019, but not more than line 2a 690,574
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		32,840
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 25,484
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		668,501
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    HILLSDALE COLLEGE
    33 EAST COLLEGE ST
    HILLSDALE,MI49242     		NONE PC GENERAL OPERATING 736,168
    Total .................................bullet 3a 736,168
    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....     14 324,089  
    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 ............     		    18 389,651  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARTNERSHIP/S-CORP     		    1 8  
    bOTHER INCOME     1 898  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   714,646  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    714,646
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    HILLSDALE-EDITH K CARR - MAIN
    EIN:
    41-6012952
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 950     950

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    HILLSDALE-EDITH K CARR - MAIN
    EIN:
    41-6012952
    Name of Bond End of Year Book Value End of Year Fair Market Value
    14040HBW4 CAPITAL ONE FINANCIA 98,879 115,240
    9128283W8 US TREASURY NOTE 126,023 143,345
    91324PDK5 UNITEDHEALTH GROUP 107,026 118,897
    912828U24 US TREASURY NOTE 2.0 48,398 54,420
    912810EQ7 US TREASURY BOND 6.2 172,674 162,389
    40414LAL3 HCP INC 3.875% 8/15/ 102,088 110,630
    92826CAM4 VISA INC 52,538 53,476
    71884AH44 PHOENIX AZ CIVIC IMP 30,000 30,361
    548661DP9 LOWE'S COS INC 51,954 56,096
    713448EL8 PEPSICO INC 55,878 55,196
    912828K74 US TREASURY NOTE 2.0 206,180 226,193
    808513AM7 CHARLES SCHWAB CORP 105,252 113,315
    46625HRL6 JPMORGAN CHASE & CO 79,535 84,108
    912828QN3 US TREASURY NOTE 3.1 115,837 111,203
    61945CAC7 MOSAIC CO 4.250% 11/ 54,265 54,573
    96332HCF4 WHIRLPOOL CORP 3.700 24,950 26,593
    92857WBJ8 VODAFONE GROUP PLC 113,802 114,350
    912828G38 US TREASURY NOTE 2.2 141,420 150,818
    637417AL0 NATIONAL RETAIL PROP 51,806 57,963
    91159HHA1 US BANCORP 4.125% 5/ 56,595 50,580
    718172AT6 PHILIP MORRIS INTL 2 49,436 51,819
    57636QAB0 MASTERCARD INC 3.375 104,824 109,577
    912828XG0 US TREASURY NOTE 199,493 205,984
    501044DE8 KROGER CO 64,641 71,000

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    HILLSDALE-EDITH K CARR - MAIN
    EIN:
    41-6012952
    Name of Stock End of Year Book Value End of Year Fair Market Value
    825690100 SHUTTERSTOCK INC 4,005 5,521
    55261F104 M & T BANK CORPORATI 4,200 3,692
    570535104 MARKEL HOLDINGS 25,851 23,766
    592688105 METTLER-TOLEDO INTL 10,488 17,095
    12571T100 CMC MATERIALS INC 9,046 11,499
    13765N107 CANNAE HOLDINGS INC 1,897 2,346
    115236101 BROWN & BROWN INC 11,075 14,745
    225310101 CREDIT ACCEPTANCE CO 15,814 13,846
    530307305 LIBERTY BROADBAND CO 16,961 26,267
    531229854 LIBERTY FORMULA ONE 8,937 9,500
    531229607 LIBERTY SIRIUSXM GRO 6,117 7,092
    75606N109 REALPAGE INC 10,373 15,267
    620076307 MOTOROLA SOLUTIONS, 10,782 10,714
    117043109 BRUNSWICK CORP 9,234 12,198
    515098101 LANDSTAR SYS INC COM 6,900 8,618
    88162G103 TETRA TECH INC NEW 6,160 8,915
    91347P105 UNIVERSAL DISPLAY CO 6,257 8,273
    974155103 WINGSTOP INC 2,502 2,651
    218681104 CORE-MARK HOLDING CO 9,621 8,224
    29977A105 EVERCORE INC 9,901 13,924
    743315103 PROGRESSIVE CORP OHI 6,087 7,910
    422806208 HEICO CORP CL A 9,922 13,111
    03662Q105 ANSYS INC 11,936 21,100
    31620R303 FNF GROUP 15,764 14,268
    89400J107 TRANSUNION 13,064 16,173
    83088V102 SLACK TECHNOLOGIES I 5,224 7,519
    531229870 LIBERTY FORMULA ONE 723 722
    G47567105 IHS MARKIT LTD 10,586 15,002
    43300A203 HILTON WORLDWIDE HOL 22,200 27,704
    12504L109 CBRE GROUP INC 16,827 21,137
    M98068105 WIX.COM LTD 14,006 24,496
    511656100 LAKELAND FINL CORP 8,086 10,019
    056525108 BADGER METER INC 5,987 10,253
    30214U102 EXPONENT INC 6,281 8,013
    436893200 HOME BANCSHARES INC/ 10,259 10,928
    009158106 AIR PRODS & CHEMS IN 5,367 6,557
    778296103 ROSS STORES INC 6,621 8,842
    91879Q109 VAIL RESORTS INC COM 15,423 18,690
    22160N109 COSTAR GROUP, INC 17,929 24,031
    G0450A105 ARCH CAPITAL GROUP L 15,952 15,402
    11284V105 BROOKFIELD RENEWABLE 1,030 1,573
    530307107 LIBERTY BROADBAND CO 3,753 6,146
    448579102 HYATT HOTELS CORP 6,966 7,277
    489398107 KENNEDY-WILSON HOLDI 15,573 13,722
    194014106 COLFAX CORPORATION 2,524 3,786
    537008104 LITTELFUSE INC COM 7,181 11,460
    48666K109 KB HOME 7,448 6,905
    610236101 MONRO INC 14,052 11,086
    16359R103 CHEMED CORP NEW 11,121 13,848
    128246105 CALAVO GROWERS INC 12,319 10,067
    55303J106 MGP INGREDIENTS INC 8,271 10,118
    25278X109 DIAMONDBACK ENERGY I 4,242 4,792
    217204106 COPART INC COM 19,286 33,085
    311900104 FASTENAL CO 8,573 14,112
    45168D104 IDEXX CORP 8,141 14,996
    526057104 LENNAR CORPORATION C 9,083 14,331
    595017104 MICROCHIP TECHNOLOGY 12,030 19,059
    09215C105 BLACK KNIGHT INC 18,831 27,212
    92343E102 VERISIGN INC COM 18,702 20,125
    00846U101 AGILENT TECHNOLOGIES 2,888 2,962
    531229409 LIBERTY SIRIUSXM GRO 2,493 2,721
    893641100 TRANSDIGM GROUP INC 39,798 48,889
    M15342104 AUDIOCODES LTD 9,414 7,990
    466032109 J & J SNACK FOODS CO 11,884 10,099
    553530106 MSC INDL DIRECT INC 10,193 12,490
    192422103 COGNEX CORP 1,136 2,087
    573284106 MARTIN MARIETTA MATL 11,639 13,631
    929160109 VULCAN MATERIALS COM 23,707 25,658
    19247A100 COHEN & STEERS INC 7,858 11,071
    576690101 MATERION CORP 6,479 7,519
    538034109 LIVE NATION ENT INC 10,493 15,431
    48251W104 KKR & CO INC -A 20,079 31,096
    76131D103 RESTAURANT BRANDS IN 22,201 18,272
    86614U100 SUMMIT MATERIALS INC 4,056 4,398
    G0403H108 AON PLC 6,959 7,817
    78409V104 S&P GLOBAL INC 4,104 5,260
    67103H107 O'REILLY AUTOMOTIVE 20,126 24,891
    109194100 BRIGHT HORIZONS FAMI 4,264 5,363
    000957100 ABM INDS INC COM 7,807 7,946
    147528103 CASEYS GEN STORES IN 6,719 7,145
    29261A100 ENCOMPASS HEALTH COR 11,943 15,794
    05605H100 BWX TECHNOLOGIES INC 11,906 12,659
    19239V302 COGENT COMMUNICATION 7,640 8,023
    115637209 BROWN FORMAN CORP CL 4,023 5,798
    577933104 MAXIMUS INC 7,130 8,710
    92345Y106 VERISK ANALYTICS INC 11,682 15,777
    256677105 DOLLAR GENERAL CORP 3,367 5,258
    852234103 SQUARE INC 2,025 7,182
    11275Q107 BROOKFIELD INFRASTRU 8,447 14,749
    33616C100 FIRST REPUBLIC BANK/ 5,701 9,110
    55354G100 MSCI INC 5,484 11,163
    313148306 FED AGRIC MTG CORP 9,945 9,578
    00258W108 AARON'S CO INC/THE 6,773 7,328
    03071H100 AMERISAFE INC 7,886 6,777
    052769106 AUTODESK INC 15,601 32,366
    29358P101 ENSIGN GROUP INC/THE 10,806 18,230
    366651107 GARTNER INC 15,303 19,063
    902252105 TYLER TECHNOLOGIES I 8,083 10,040
    615369105 MOODYS CORP 7,232 10,158
    25754A201 DOMINOS PIZZA INC 8,268 13,421
    112585104 BROOKFIELD ASSET MAN 36,717 45,603
    739276103 POWER INTERGRATIONS 6,261 11,706
    747316107 QUAKER CHEM CORP 7,946 12,163
    904708104 UNIFIRST CORP MASS 8,994 10,796
    55027E102 LUMINEX CORP 10,082 8,855
    824889109 SHOE CARNIVAL INC 8,505 10,344
    74319R101 PROG HOLDINGS INC 8,921 10,720
    564563104 MANTECH INTERNATIONA 10,433 11,918
    617700109 MORNINGSTAR INC 6,305 9,494
    015857105 ALGONQUIN POWER & UT 9,359 11,851
    776696106 ROPER TECHNOLOGIES I 16,209 19,830
    143130102 CARMAX INC 26,019 30,038
    44267D107 HOWARD HUGHES CORP/T 12,470 8,682
    40171V100 GUIDEWIRE SOFTWARE I 12,933 16,477
    029899101 AMERICAN STATES WATE 9,656 9,064
    104674106 BRADY CORP 3,925 4,754
    854231107 STANDEX INTL CORP CO 9,784 12,558
    06417N103 BANK OZK 10,129 11,632
    65336K103 NEXSTAR BROADCASTING 10,143 12,120
    165303108 CHESAPEAKE UTILS COR 7,821 10,172
    525558201 LEMAITRE VASCULAR IN 10,111 12,839

    TY 2020 InvestmentsOtherSchedule2
    Name:
    HILLSDALE-EDITH K CARR - MAIN
    EIN:
    41-6012952
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    922908363 VANGUARD INDEX FD ET AT COST 2,702,705 3,741,409
    46625HRL6 JPMORGAN CHASE & CO      
    91159HHA1 US BANCORP 4.125% 5/      
    61945CAC7 MOSAIC CO 4.250% 11/      
    256206103 DODGE & COX INTL STO AT COST 425,261 534,774
    003021714 ABERDEEN EMERG MARKE AT COST 273,641 402,864
    808513AM7 CHARLES SCHWAB CORP      
    912828G38 US TREASURY NOTE 2.2      
    912828K74 US TREASURY NOTE      
    000843201 ACAP STRATEGIC FUND- AT COST 100,000 157,311
    464287598 ISHARES RUSSELL 1000 AT COST 200,653 343,876
    63872T729 ASG MANAGED FUTURES      
    57636QAB0 MASTERCARD INC 3.375      
    912828QN3 U S TREASURY NT 3.12      
    718172AT6 PHILIP MORRIS INTL 2      
    337738AM0 FISERV INC 3.500% 10      
    96332HCF4 WHIRLPOOL CORP 3.700      
    464287804 ISHARES CORE S&P SMA AT COST 112,339 272,024
    464287507 ISHARES CORE S&P MID AT COST 229,522 534,814
    74925K581 BOSTON P LNG/SHRT RE AT COST 71,932 77,806
    87234N765 TCW EMRG MKTS INCM-I AT COST 772,150 807,200
    89417EAG4 TRAVELERS COS INC 3.      
    78410G104 SBA COMMUNICATIONS C AT COST 26,343 28,495
    9128283W8 US TREASURY NOTE      
    64128R608 NEUBERGER BERMAN LON AT COST 209,158 254,027
    29444U700 EQUINIX INC AT COST 8,368 10,713
    06051GEC9 BANK OF AMERICA CORP      
    04314H402 ARTISAN INTERNATIONA AT COST 375,069 577,530
    NBP993844 NB CROSSROADS PRIV M AT COST 108,258 121,050
    912810EQ7 US TREASURY BOND 6.2      
    912828XG0 US TREASURY NOTE      
    217204106 COPART INC COM      
    595017104 MICROCHIP TECHNOLOGY      
    115236101 BROWN & BROWN INC      
    48251W104 KKR & CO INC -A      
    28414H103 ELANCO ANIMAL HEALTH      
    92345Y106 VERISK ANALYTICS INC      
    852234103 SQUARE INC      
    75606N109 REALPAGE INC      
    199908104 COMFORT SYS USA INC      
    511656100 LAKELAND FINL CORP      
    853666105 STANDARD MTR PRODS I      
    91347P105 UNIVERSAL DISPLAY CO      
    54142L109 LOGMEIN INC      
    65336K103 NEXSTAR BROADCASTING      
    87162W100 SYNNEX CORP      
    617700109 MORNINGSTAR INC      
    24665A103 DELEK US HOLDINGS IN      
    015857105 ALGONQUIN POWER & UT      
    094235108 BLOOMIN' BRANDS INC      
    526057104 LENNAR CORPORATION C      
    92343E102 VERISIGN INC      
    023586100 AMERCO      
    76131D103 RESTAURANT BRANDS IN      
    143130102 CARMAX INC      
    G47567105 IHS MARKIT LTD      
    67103H107 O'REILLY AUTOMOTIVE      
    09215C105 BLACK KNIGHT INC      
    029899101 AMERICAN STS WTR CO      
    640079109 NEENAH PAPER INC      
    SWR990003 STARWOOD REIT AT COST 200,000 204,183
    592688105 METTLER-TOLEDO INTL      
    436893200 HOME BANCSHARES INC/      
    PFX990006 PIMCO FLEXIBLE CREDI AT COST 250,000 236,936
    NUV990007 NUVEEN GLOBAL CITIES AT COST 212,640 212,021
    3131XRPR9 FHLMC POOL #ZL9432 AT COST 24,025 26,329
    501044DE8 KROGER CO      
    778296103 ROSS STORES INC      
    929042109 VORNADO REALTY TRUST AT COST 2,906 2,091
    86614U100 SUMMIT MATERIALS INC      
    448579102 HYATT HOTELS CORP      
    33616C100 FIRST REPUBLIC BANK/      
    620076307 MOTOROLA SOLUTIONS,      
    55354G100 MSCI INC      
    138098108 CANTEL MEDICAL CORP.      
    466032109 JJ SNACK FOODS CORP      
    88162G103 TETRA TECH INC NEW      
    002535300 AARON RENTS INC CL A      
    610236101 MONRO MUFFLER BRAKE      
    128246105 CALAVO GROWERS INC      
    03071H100 AMERISAFE INC      
    78377T107 RYMAN HOSPITALITY PR      
    525558201 LEMAITRE VASCULAR IN      
    GTC996442 CORBIN MULTI STRATEG AT COST 383,405 363,205
    056525108 BADGER METER INC COM      
    05605H100 BWX TECHNOLOGIES INC      
    55303J106 MGP INGREDIENTS INC      
    29977A105 EVERCORE PARTNERS IN      
    IWI993008 IRONWOOD INSTITUTION AT COST 250,000 270,208
    40414LAL3 HCP INC 3.875% 8/15/      
    912828U24 US TREASURY NOTE      
    009158106 AIR PRODUCTS AND CHE      
    573284106 MARTIN MARIETTA MATL      
    91879Q109 VAIL RESORTS INC COM      
    366651107 GARTNER INC      
    36164V305 GCI LIBERTY INC      
    89400J107 TRANSUNION      
    489398107 KENNEDY-WILSON HOLDI      
    83088V102 SLACK TECHNOLOGIES I      
    531229409 LIBERTY SIRIUSXM GRO      
    531229854 LIBERTY MEDIA GROUP      
    43300A203 HILTON WORLDWIDE HOL      
    40171V100 GUIDEWIRE SOFTWARE I      
    G5480U120 LIBERTY GLOBAL PLC-S      
    553530106 MSC INDL DIRECT INC      
    313148306 FED AGRIC MTG CORP      
    16359R103 CHEMED CORP NEW      
    19247A100 COHEN & STEERS INC      
    94419L101 WAYFAIR INC      
    G5480U104 LIBERTY GLOBAL PLC-A      
    194014106 COLFAX CORPORATION      
    M98068105 WIX.COM LTD      
    537008104 LITTELFUSE INC COM      
    701877102 PARSLEY ENERGY INC-C      
    30214U102 EXPONENT INC      
    90337L108 U.S. PHYSICAL THERAP      
    12685J105 CABLE ONE INC      
    218681104 CORE-MARK HOLDING CO      
    19239V302 COGENT COMMUNICATION      
    73278L105 POOL CORPORATION      
    74736A103 QTS REALTY TRUST INC AT COST 7,711 10,025
    14040HBW4 CAPITAL ONE FINANCIA      
    637417AL0 NATIONAL RETAIL PROP      
    31339UZT0 FHLMC POOL #QA4354 AT COST 49,025 50,495
    052769106 AUTODESK INC COM      
    115637209 BROWN FORMAN CORP CL      
    570535104 MARKEL HOLDINGS      
    929160109 VULCAN MATLS CO      
    03662Q105 ANSYS INC      
    615369105 MOODYS CORP      
    530307107 LIBERTY BROADBAND CO      
    82509L107 SHOPIFY INC - A W/I      
    256677105 DOLLAR GENERAL CORP      
    531229870 LIBERTY MEDIA GROUP      
    531229607 LIBERTY SIRIUSXM GRO      
    78409V104 S&P GLOBAL INC      
    147528103 CASEYS GEN STORES IN      
    747316107 QUAKER CHEM CORP      
    29261A100 ENCOMPASS HEALTH COR      
    06417N103 BANK OZK      
    91324PDK5 UNITEDHEALTH GROUP      
    548661DP9 LOWE'S COS INC      
    311900104 FASTENAL CO      
    31620R303 FNF GROUP      
    112585104 BROOKFIELD ASSET MAN      
    12504L109 CBRE GROUP INC      
    893641100 TRANSDIGM GROUP INC      
    G0408V102 AON PLC      
    854231107 STANDEX INTL CORP CO      
    12709P103 CABOT MICROELECTRONI      
    03064D108 AMERICOLD REALTY TRU AT COST 10,047 10,602
    29358P101 ENSIGN GROUP INC/THE      
    BIT990000 BLACKSTONE REAL ESTA AT COST 200,000 204,385
    00143W859 INV OPP DEVELOP MRKT AT COST 233,278 391,864
    192422103 COGNEX CORP      
    45168D104 IDEXX CORP      
    55261F104 M & T BANK CORPORATI      
    743315103 PROGRESSIVE CORP OHI      
    776696106 ROPER INDS INC NEW C      
    422806208 HEICO CORP CL A      
    225310101 CREDIT ACCEPTANCE CO      
    G0450A105 ARCH CAPITAL GROUP L      
    530307305 LIBERTY BROADBAND CO      
    11282X103 BROOKFIELD PROPERTY AT COST 2,741 2,032
    44267D107 HOWARD HUGHES CORP/T      
    25754A201 DOMINOS PIZZA INC      
    739276103 POWER INTERGRATIONS      
    783549108 RYDER SYS INC      
    65341D102 NEXPOINT RESIDENTIAL AT COST 6,255 8,335
    89154Q562 TOUCHSTONE SANDS EM AT COST 336,500 393,811
    NCM996061 NB CROSSROADS PM FD AT COST 91,947 91,947
    74440Y884 PGIM HIGH YIELD-Q 10 AT COST 320,000 330,482
    22544R305 CREDIT SUISSE COMM R AT COST 350,000 442,818
    45781V101 INNOVATIVE INDUSTRIA AT COST 6,728 13,552
    74256W584 PRINCIPAL MIDCAP FUN AT COST 300,000 333,303
    14064D873 F&T BHVRL SM CAP EQ- AT COST 209,801 241,879

    TY 2020 OtherDecreasesSchedule
    Name:
    HILLSDALE-EDITH K CARR - MAIN
    EIN:
    41-6012952
    Description Amount
    PY RETURN OF CAPITAL ADJ 270


    TY 2020 OtherExpensesSchedule
    Name:
    HILLSDALE-EDITH K CARR - MAIN
    EIN:
    41-6012952
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEE/STATE TAX 25 0   25
    INVESTMENT EXPENSES - ADR FEES 303 303   0
    FROM PARTNERSHIP/S-CORP 807 807   0


    TY 2020 OtherIncomeSchedule2
    Name:
    HILLSDALE-EDITH K CARR - MAIN
    EIN:
    41-6012952
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 898 898  
    FROM PARTNERSHIP/S-CORP 8 8  


    TY 2020 OtherIncreasesSchedule
    Name:
    HILLSDALE-EDITH K CARR - MAIN
    EIN:
    41-6012952
    Description Amount
    MUTUAL FUND TIMING ADJUSTMENT 13,385
    COST BASIS ADJUSTMENT 2,830


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    HILLSDALE-EDITH K CARR - MAIN
    EIN:
    41-6012952
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMNT MNGMNT FEES (NON-DED 6,458 6,458    


    TY 2020 TaxesSchedule
    Name:
    HILLSDALE-EDITH K CARR - MAIN
    EIN:
    41-6012952
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,872 1,872   0
    OTHER TAXES (NOT SUBJECT TO $1 1,678 0   0
    FEDERAL ESTIMATES - PRINCIPAL 17,133 0   0