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
SUMMER REST FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)POST OFFICE BOX 6527
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC276286527
A Employer identification number

56-6534008
B Telephone number (see instructions)

(919) 782-7852
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$9,385,098J 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 30,928 30,928  
4 Dividends and interest from securities... 89,570 89,419  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 283,616
b Gross sales price for all assets on line 6a 7,439,690
7 Capital gain net income (from Part IV, line 2)... 283,616
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 8,224 8,224  
12 Total. Add lines 1 through 11........ 412,338 412,187  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,700 2,350   2,350
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 7,510 2,510   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 49,600 41,655   347
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 61,810 46,515   2,697
25 Contributions, gifts, grants paid....... 469,458 469,458
26 Total expenses and disbursements. Add lines 24 and 25 531,268 46,515   472,155
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -118,930
b Net investment income (if negative, enter -0-) 365,672
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 383,185 1,079,358 1,079,358
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 7,573,749 Click to see attachment6,553,726 8,305,740
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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) 7,956,934 7,633,084 9,385,098
Liabilities 17 Accounts payable and accrued expenses.......... 288,678 83,758
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)......... 288,678 83,758
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........... 7,668,256 7,549,326
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........    
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)..... 7,668,256 7,549,326
30 Total liabilities and net assets/fund balances (see instructions). 7,956,934 7,633,084
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
7,668,256
2
Enter amount from Part I, line 27a .....................
2
-118,930
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
7,549,326
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,549,326
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 AS REPORTED BY MERRILL LYNCH - 2145 P 2018-03-28 2020-10-09
b AS REPORTED BY MERRILL LYNCH - 2145 P 2016-12-28 2020-11-18
c AS REPORTED BY MERRILL LYNCH - 2432 P 2020-02-27 2020-09-02
d AS REPORTED BY MERRILL LYNCH - 2432 P 2018-03-05 2020-03-26
e AS REPORTED BY MERRILL LYNCH - 2596 P 2020-04-17 2020-08-12
AS REPORTED BY MERRILL LYNCH - 2596 P 2020-11-25 2020-11-25
AS REPORTED BY MERRILL LYNCH - 2596 P 2019-04-02 2020-08-12
AS REPORTED BY MERRILL LYNCH - 2596 P 2018-08-21 2020-04-01
AS REPORTED BY MERRILL LYNCH - 2675 P 2019-06-28 2020-02-14
AS REPORTED BY MERRILL LYNCH - 2675 P 2019-01-31 2020-02-14
AS REPORTED BY MERRILL LYNCH - 2675 P 2018-06-07 2020-10-29
CAPITAL GAINS FROM PARTNERSHIP P 2020-01-01 2020-06-30
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 387,629   370,000 17,629
b 996,623   750,000 246,623
c 239,527   258,938 -19,411
d 121,280   66,314 54,966
e 3,580,602   3,507,820 72,782
1,141   1,141 0
1,239,269   1,316,340 -77,071
34     34
331,968   317,564 14,404
534,406   519,374 15,032
2,255   1,986 269
    46,597 -46,597
4,956     4,956
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       17,629
b       246,623
c       -19,411
d       54,966
e       72,782
      0
      -77,071
      34
      14,404
      15,032
      269
      -46,597
      4,956
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 2 283,616
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 5,083
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 5,083
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 5,083
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 15,637
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 20,637
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 15,554
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet15,554 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    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 ofbulletTISH TURNER Telephone no.bullet (919) 782-7852

    Located atbulletPO BOX 6527RALEIGHNC ZIP+4bullet276286527
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    SUE M TURNER BOARD CHAIR
    0.50     		0 0 0
    415 SUMMER REST ROAD
    WILMINGTON,NC28405
    JAY G LOFTIN JR TRUSTEE
    0.50     		0 0 0
    5100 WINDING VIEW LANE
    RALEIGH,NC27615
    TISH TURNER EXECUTIVE DIRECTOR
    0.50     		0 0 0
    3301 BELLEWOOD FOREST CIRCLE
    RALEIGH,NC27612
    TODD TURNER TREASURER
    0.50     		0 0 0
    2 SHORE DRIVE
    WILMINGTON,NC28480
    GEORGE TURNER TRUSTEE
    0.50     		0 0 0
    415 SUMMER REST ROAD
    WILMINGTON,NC28405
    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.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    7,835,387
    b
    Average of monthly cash balances.......................
    1b
    520,183
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,355,570
    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
    8,355,570
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    125,334
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,230,236
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    411,512
    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
    411,512
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    5,083
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,083
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    406,429
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    406,429
    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
    406,429
    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
    472,155
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    472,155
    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
    472,155
    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 7 406,429
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017...... 12,067
    d From 2018...... 12,720
    e From 2019...... 16,633
    fTotal of lines 3a through e........ 41,420
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 472,155
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 406,429
    e Remaining amount distributed out of corpus 65,726
    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 5 107,146
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		107,146
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 12,067
    c Excess from 2018.... 12,720
    d Excess from 2019.... 16,633
    e Excess from 2020.... 65,726
    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
    BAND TOGETHER NC
    PO BOX 6445
    RALEIGH,NC27628     		NONE PC GENERAL SUPPORT 2,000
    BOYS & GIRLS HOMES OF NORTH CAROLINA
    400 FLEMINGTON DRIVE
    LAKE WACCAMAW,NC28450     		NONE PC GENERAL SUPPORT 20,000
    BOYS AND GIRLS CLUBS OF WAKE COUNTY
    701 N RALEIGH BOULEVARD
    RALEIGH,NC27610     		NONE PC GENERAL SUPPORT 50,000
    CAROLINA CHRISTIAN RADIO
    PO BOX 957
    WILMINGTON,NC28402     		NONE PC GENERAL SUPPORT 5,000
    EAST CAROLINA UNIVERSITY
    EAST FIFTH STREET
    GREENVILLE,NC278584353     		NONE PC SCHOLARSHIP 25,250
    ELAM MINISTRIES
    5755 NORTH POINT PARKWAY SUITE 217
    ALPHARETTA,GA30022     		NONE PC GENERAL SUPPORT 2,500
    FELLOWSHIP OF CHRISTIAN ATHLETES
    6511 CREEDMOOR ROAD SUITE 206
    RALEIGH,NC27613     		NONE PC GENERAL SUPPORT 35,000
    FOCUS ON THE FAMILY
    8605 EXPLORER DRIVE
    COLORADO SPRINGS,CO80920     		NONE PC GENERAL SUPPORT 5,000
    HEART AND HANDS FOR HAITI
    2013 MIDWOOD DRIVE
    RALEIGH,NC27607     		NONE PC GENERAL SUPPORT 10,000
    INTOUCH MINISTRIES
    PO BOX 7900
    ATLANTA,GA30357     		NONE PC GENERAL SUPPORT 2,500
    NORTH CAROLINA FAMILY POLICY COUNCIL
    PO BOX 20607
    RALEIGH,NC27619     		NONE NONPROFIT CHARITABLE 2,500
    PORT CITY COMMUNITY CHURCH
    250 VISION DRIVE
    WILMINGTON,NC28403     		NONE PC GENERAL SUPPORT 45,000
    RALEIGH RESCUE MISSION
    314 E HARGETT STREET
    RALEIGH,NC27601     		NONE PUBLIC CHARITABLE 25,000
    SPORTWORKS MINISTRY INC
    P O BOX 8031
    GREENVILLE,NC27835     		NONE PC GENERAL SUPPORT 5,000
    THE ANCHORAGE CAMP
    412 LAKESHORE DR
    LAKE WACCAMAW,NC28450     		NONE PC GENERAL SUPPORT 5,000
    THE SALVATION ARMY OF CAPE FEAR
    P O BOX 90
    WILMINGTON,NC28402     		NONE PC GENERAL SUPPORT 10,000
    UNC GREENSBORO
    PO BOX 26170
    GREENSBORO,NC27402     		NONE EDUCATIONAL SCHOLARSHIP 5,000
    WAKE FOREST UNIVERSITY
    499 DEACON BOULEVARD
    WINSTONSALEM,NC27105     		NONE PC SCHOLARSHIP 70,000
    WAKEMED FOUNDATION
    3000 NEW BERN AVE P O BOX 14465
    RALEIGH,NC27610     		NONE PC GENERAL SUPPORT 5,000
    WRIGHTSVILLE UNITED METHODIST CHURCH
    4 LIVE OAK DRIVE
    WRIGHTSVILLE BEACH,NC28480     		NONE PC CHARITABLE 20,000
    BRIGADE BOYS & GIRLS CLUB
    2759 VANCE STREET
    WILMINGTON,NC28412     		NONE PC GENERAL SUPPORT 10,000
    FOOD BANK OF CENTRAL & EASTERN NC
    1924 CAPITAL BLVD
    RALEIGH,NC27604     		NONE PC GENERAL SUPPORT 5,000
    GOOD SHEPARD CENTER
    811 MARTIN STREET
    WILMINGTON,NC28401     		NONE PC GENERAL SUPPORT 10,000
    HOSPITALITY HOUSE OF NORTHWEST
    PO BOX 309
    BOONE,NC28607     		  PC GENERAL SUPPORT 10,000
    INSTITUTE FOR FAITH AND FAMILY
    9650 STRICKLAND ROAD SUITE 103-226
    RALEIGH,NC27615     		  PC GENERAL SUPPORT 5,208
    INTER-FAITH FOOD SHUTTLE
    1001 BLAIR DRIVE SUITE 120
    RALEIGH,NC27603     		    GENERAL SUPPORT 20,000
    MOTHER HUBBARD'S CUPBOARD
    PO BOX 76
    WILMINGTON,NC28402     		  PC GENERAL SUPPORT 5,000
    NATIONAL CHRISTIAN FOUNDATION
    3900 BARRETT DR SUITE 101
    RALEIGH,NC27609     		    THE DANNY LOTZ SCHOLARSHIP FUND 22,000
    NEIGHBOR TO NEIGHBOR
    PO BOX 25628
    RALEIGH,NC27611     		  PC GENERAL SUPPORT 5,000
    NORTH POINT COMMUNITY CHURCH
    4350 NORTH POINT PKWAY
    ALPHARETTA,GA30022     		  RELIGIOUS GENERAL FUND 5,000
    SAMARITANS PURSE
    PO BOX 3000
    BOONE,NC28607     		  PC WMM POST-RESIDENCY PROGRAM 10,000
    SHEPHERD FOUNDATION
    1401 LANDFALL DR
    WILMINGTON,NC28405     		    GENERAL SUPPORT 2,500
    THE FOUNDATION OF HOPE (WALK FOR HOPE)
    9401 GLENWOOD AVENUE
    RALEIGH,NC27617     		  PC GENERAL SUPPORT 5,000
    THE SUMMIT CHURCH
    2335 PRESIDENTIAL DRIVE SUITE 114
    DURHAM,NC27703     		  PC GENERAL SUPPORT 5,000
    Total .................................bullet 3a 469,458
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 30,928  
    4 Dividends and interest from securities....     14 89,570  
    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.....     14 8,224  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 283,616  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 412,338 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    412,338
    (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:
    SUMMER REST FOUNDATION
    EIN:
    56-6534008
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,700 2,350   2,350

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    SUMMER REST FOUNDATION
    EIN:
    56-6534008
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M COMPANY 7,292 8,215
    ABBVIE INC SHS 6,684 7,501
    ACCENTURE PLC SHS 9,140 12,799
    ADECCO GROUP AG 5,398 8,018
    ADOBE INC SHS 1,648 3,001
    ADVANCE AUTO PARTS INC 1,107 1,418
    AERCAP HOLDINGS N.V. SHS 1,499 1,641
    AEROJET ROCKETDYNE HOLDINGS INC 2,376 3,012
    AFLAC INC 03.625% NOV 15 2024 MOODY ' S: A3 S&P: A- 6,170 6,685
    AFLAC INC COM 3,375 4,047
    AIA GROUP LTD SPONSORED ADR 5,746 7,517
    AIR LEASE CORP GLB 03.250 % MAR 01 2025 5,585 6,424
    AIR LIQUIDE ADR 10,373 11,906
    AIRBUS SE 4,856 8,524
    AKAMAI TECHNOLOGIES INC 1,577 1,575
    ALBANY INTL CRP NEW CL A 522 808
    ALCON SA ACT NOM 999 1,188
    ALEXION PHARMS INC 1,244 1,875
    ALI BABA GROUP HOLDING LT 13,314 13,964
    ALIBABA GROUP HOLDING LT 7,412 7,680
    ALLISON TRANSMISSION HLD INC 1,878 2,113
    ALPHABET INC SHS CL A 10,243 14,021
    ALTRIA GROUP INC 5,419 5,166
    AMADEUS IT GROUP SA ADR - UNSPONSORED 3,475 3,532
    AMAZON COM INC COM 81,040 374,547
    AMAZON COM INC COM 37,931 355,005
    AMER EXPRESS COMPANY 1,658 2,297
    AMERICAN CENTURY INFLATION ADJUST BD FD I 150,409 152,824
    AMERICAN EQUITY INVT LIFE HLDG CO 1,832 2,185
    AMERICAN HONDA FINANCE SER MTN 03.625% OCT 10 2023 6,140 6,528
    AMERICAN INTERNATIONAL GROUP INC 5,146 7,799
    AMERISOURCEBERGEN CORP 5,578 6,159
    AMGEN INC COM 5,256 5,288
    AMGEN INC GLB 03.200 % NOV 02 2027 6,426 6,736
    AMICUS THERAPEUTICS INC 1,881 2,702
    ANGLO AMERICAN PLC SHS ADR 6,857 11,256
    ANHEUSER-BUSCH INBEV ADR 920 1,398
    ANTHEM INC 12,244 13,807
    AON PLC REG SHS 7,351 8,028
    APPLE INC 21,560 65,018
    APPLE INC GLB 02.450% AUG 04 2026 5,809 6,549
    APPLIED MATERIAL INC 4,665 8,285
    APTIV PLC SHS 6,895 11,075
    ARGENX SE 2,131 3,235
    ASHTEAD GROUP PLC SHS ADR 4,363 5,306
    ASML HLDG NV NY REG SHS 10,317 16,582
    ASPEN TECHNOLOGY INC DEL 3,539 4,038
    ASTRAZENECA PLC SPND ADR 4,752 4,749
    AT&T INC 14,352 11,331
    AT&T INC 04 .450% APR 01 2024 MOODY ' S: BAA2 S&P: BBB 6,114 6,701
    ATLASSIAN CORP PLC 600 702
    AUTOZONE INC GLB 03.750% JUN 01 2027 6,306 6,888
    AUTOZONE INC NEVADA COM 9,591 10,669
    AVANTOR INC 2,756 4,617
    BAE SYS PLC SPN ADR 7,240 6,435
    BALCHEM CORP COM 982 1,152
    BANDWIDTH INC CL A 3,521 4,610
    BCE INC 10,595 9,459
    BERKSHIRE HATHAWAYINC DEL CL B NEW 17,523 21,100
    BEST BUY CO INC 3,826 5,688
    BIOHAVEN PHARMACEUTICAL HLDG CO LTD 1,426 1,714
    BIOMARIN PHARMACEUTICALS 739 965
    BJS WHSL CLUB HLDGS INC 4,738 4,996
    BLACKSTONE CAPITAL HOLDINGS (OFFSHORE), L.P. A FUND 285,404 290,084
    BLACKSTONE REAL ESTATE INCOME TRUST INC CLASS I ADVISORY CLASS 115,724 171,739
    BLACKSTONE STRATEGIC PARTNERS VIII FUND OFF TRANCHE SECONDARIES 137,848 148,313
    BLOOM ENERGY CORP CL A 1,354 2,321
    BOEING COMPANY 6,588 7,064
    BOSTON PROPERTIES LP 03.125 % SEP 01 2023 MOODY ' S: BAA1 S&P: BBB+ 5,915 6,364
    BP CAPITAL MARKETS PLC COMPANY GUARNT GLB 03.506 % MAR 17 2025 5,945 6,691
    BRAMBLES LTD SHS ADR 6,405 6,921
    BROADCOM LTD 6,821 8,757
    BROOKFIELD ASSET MGMT INC CLA 3,483 4,251
    BROOKFIELD FINANCE INC COMPANY GUARNT 04.250 % JUN 02 2026 6,053 6,979
    BROOKS AUTOMATION INC 1,634 2,443
    CACTUS INC CL A 356 600
    CALAVO GROWERS INC 657 833
    CANADA GOOSE HLDGS INC 3,524 3,185
    CANADIAN NATL RAILWAY CO 6,185 7,580
    CANADIAN NATURAL RES LTD 2,421 3,247
    CAPGEMINI SE SHS ADR 4,089 7,183
    CAPITAL ONE FINANCIAL CO SUBORDINATED GLB 03.750% JUL 28 2026 5,829 6,807
    CARDTRONICS LTD-CL A 472 777
    CARED X INC SHS 785 1,304
    CAREDX INC SHS 1,178 1,739
    CARLSBERG AS SPONSOREDAD 5,856 7,486
    CASEYS GEN STORES INC 3,489 3,930
    CATERPILLAR INC DEL 5,196 7,827
    CENTERPOINT ENERGY INC 3,567 4,068
    CHAMPIONX CORPORATION 600 627
    CHARLES SCHWAB CORP GLB 03.850% MAY 21 2025 5,996 6,826
    CHEGG INC 4,360 6,594
    CHEVRON CORP 14,432 10,979
    CHUBB LTD 21,088 25,243
    CIGNA CORP REG SHS 11,925 14,573
    CISCO SYSTEMS INC COM 24,952 25,418
    CITIGROUP INC COM NEW 13,410 17,326
    CITIGROUP INC SUBORDINATED 04.000% AUG 05 2024 6,029 6,677
    CME GROUP INC 1,536 1,456
    COCA -COLA EUROPEAN PARTNERS PLC SHS 870 1,096
    COCA-COLA EUROPEAN PARTNERS PLC SHS 3,955 5,033
    COLGATE PALMOLIVE 1,776 2,052
    COMCAST CORP COMPAN Y GUARNT GLB 03.300 % APR 01 2027 6,462 6,823
    COMCAST CORP NEW CL A 3,574 4,926
    COMPAGNIE DE SAINT-UNSP ADR 4,133 7,020
    CONOCOPHILLIPS 13,859 15,236
    CORE-MARK HLDG CO INC 2,442 2,379
    CORNERSTONE ONDEMAND INC 2,567 3,391
    COSTCO WHOLESALE CRP DEL 1,587 1,884
    CRH PLC ADR 2,313 3,534
    CRYOPORT INC SHS 1,544 1,624
    CS X CORP GLB 02.600% NOV 01 2026 5,465 6,560
    CUMMINS INC COM 2,833 4,315
    CVS CAREMARK CORP GLB 03.375 % AUG 12 2024 997 1,091
    CVS CAREMARK CORP ORIGINAL UNIT/TOTAL COST: 99.5550 / 4,977.75 4,978 5,453
    CVS HEALTH CORP 4,083 4,166
    CYRUSONE INC 2,121 2,195
    DANONE-SPONS ADR 6,575 6,209
    DASSAULT SYS SA SPN ADR 2,421 3,259
    DBS GROUP HLDGS SPN ADR 6,516 8,061
    DEERE CO 6,877 11,031
    DESCARTES SYSTEMS GROUP 3,137 4,620
    DEUTSCHE BOERSE AG SHS 6,461 6,980
    DEUTSCHE POST AG SHS SP ADR 3,533 3,588
    DEUTSCHE POST AG SHS SPADR 4,016 6,978
    DIAGEO PLC SPSD ADR NEW 12,228 13,816
    DIAMONDBACK ENERGY INC 38,650 48,400
    DISNEY (WALT) CO COM STK 1,384 2,355
    DJIA LIRN ISSUER PART 110.51% SV23,848.42 DUE 03/31/23 BUF 20% WFC 398,000 491,530
    DNB ASA SP ADR 4,710 8,413
    DOUYU INTL HLDGS LTD 2,846 2,157
    DOVER CORP 3,107 4,419
    DOW INC REG SHS 3,751 4,773
    DOWDUPONT INC GLB 04.205 % NOV 15 2023 6,183 6,619
    DR PEPPER SNAPPLE GROUP COMPANY GUARNT GLB 03.130 % DEC 15 2023 5,943 6,457
    DUKE ENERGY CORP NEW 6,160 6,959
    DUKE REALTY CORP REIT 1,259 1,279
    DUPONT DE NEMOURS INC 5,790 10,098
    EATON CORP PLC 5,815 8,530
    ECOLAB INC 1,253 1,515
    EDISON INTL CALIF 6,416 5,968
    ELI LILLY & CO 2,840 4,052
    ENEL SOCIETA PER AZIONI UNSP 5,138 7,257
    ENTERGY CORP GLB 02.950% SEP 01 2026 5,780 6,613
    ENVESTNET INC 2,770 3,209
    EQUINIX INC 1,392 1,428
    EQUINOR ASA COMPANY GUARNT GLB 03.000 % APR 06 2027 8,399 8,907
    EVEREST RE GROUP LTD 5,958 5,852
    EXELON CORP SER * GLB 03.950% JUN 15 2025 5,909 6,787
    EXX ON MOBIL CORP COM 7,510 7,172
    EXXON MOBIL CORP COM 2,298 2,308
    FACEBOOK INC 4,239 6,010
    FANUC LTD-UNSP 3,804 6,839
    FIDELITY ADVISOR BIOTECHNOLOGY FD CL I 110,532 167,463
    FIDELITY NATL INFO SVCS INC 4,437 4,810
    FIFTH THIRD BANCORP 2,560 3,777
    FIFTH THIRD BANCORP GLB 03.650% JAN 25 2024 6,108 6,544
    FIRSTSVC CORP REG SHS 4,581 7,659
    FISERV INC GLB 03.850% JUN 01 2025 5,964 6,763
    FMC CORP COM NEW 2,866 3,563
    FORWARD AIR CORP 2,252 3,074
    FOX FACTORY HLDG CORP 3,832 6,237
    FREEPORT-MCMORAN INC 49,236 130,100
    GENERAL DYNAMICS CORP COMPANY GUARNT GLB 01.875% AUG 15 2023 5,687 6,222
    GENERAL MOTORS CO GLB 04.875% OCT 02 2023 1,028 1,109
    GENERAL MOTORS CO ORIGINAL UNIT/TOTAL COST: 104.2770/5,213.85 5,135 5,547
    GENL DYNAMICS CORP COM 10,438 9,524
    GENUINE PARTS CO 7,195 7,633
    GLAXOSMITHKLINE PLC ADR 4,587 4,011
    GOLDMAN SACHS GROUP INC 5,402 5,802
    GROCERY OUTLET HLDG CORP 599 667
    H AND E EQUIP SVCS INC 592 1,312
    HAIN CELESTIAL GROUP INC 1,621 2,048
    HAMILTON LANE INC REG SH CL A 1,652 1,795
    HANNOVER RUECKVERS ADR 7,835 7,632
    HARLEY DAVIDSON INC WIS 3,930 5,211
    HDFC BANK LTD ADR 6,640 11,634
    HEALTH CATALYST INC REG SHS 1,855 2,351
    HEALTHPEAK PPTYS INC 7,961 6,892
    HERON THERAPEUTICS INC 2,205 2,751
    HITACHI LTD 10 NEW ADR 5,509 7,464
    HOME DEPOT INC 1,469 1,859
    HOME DEPOT INC GLB 02.125 % SEP 15 2026 5,667 6,467
    HONEYWELL INTL INC DEL 1,522 2,340
    HOWMET AEROSPACE INC ISSUED 2,973 4,795
    HOYA CORP ADR 4,240 6,384
    HUBSPOT INC 3,819 5,550
    HUNTINGTON INGALLS INDS INC 2,672 2,046
    HUNTNGTN BANCSHS INC MD 3,835 5,658
    ICICI BANK LTD SPD ADR 2,805 3,641
    ICON PLC 4,578 5,264
    IDEX CORP DELAWARE COM 1,608 1,793
    IHS MARKIT LTD SHS 1,521 1,976
    ILLINOIS TOOL WORKS INC GLB 02.650% NOV 15 2026 5,879 6,630
    INDUSTRIA DE DISENO TEXTIL INDITEX SA SH 9,755 10,651
    INFINEON TECHS AG SPDADR 4,940 9,175
    INSULET CORP 4,026 4,857
    INTEGRA L HLDGS CORP NEW 3,324 4,869
    INTEL CORP 10,930 9,864
    INTL BKT LIRN BNS PART 121.15% SV 100.00 DUE 09/30/22 BUF 15% ISS 250,000 259,750
    INTL FLAVORS&FRAGRNC 2,299 1,959
    INVITAE CORP 1,792 3,052
    IRHYTHM TECHNOLOGIES INC 2,276 2,847
    IRIDIUM COMMUNICATIONS INC 1,783 2,792
    ISHARES MSCI U K ETF SHS 118,433 143,521
    ITAU UNIBANCO BANCO HOLD 3,092 3,161
    JAMF HLDG CORP 1,030 957
    JD COM INC CL A ADR 4,213 6,241
    JOHN DEERE CAPITAL CORP SER MTN 0.3450% MAR 13 2025 5,971 6,721
    JOHNSON AND JOHNSON COM 29,931 34,624
    JOHNSON CONTROLS INTER 8,971 9,970
    JPMORGAN CHASE & CO 26,579 35,198
    JULIUS BAER GROUP ADR 4,430 7,017
    KBC GROUPE SA SHS 5,801 8,025
    KIMBERLY CLARK 6,787 6,202
    KINDER MORGAN ENER PART COMPANY GUARNT 04.150 % FEB 01 2024 5,976 6,569
    KINGSPAN GROUP PLC-UNSP ADR 3,373 4,635
    KINROSS GOLD CORP 1,767 1,879
    KLA CORP 3,323 5,696
    KOMATSU NEW NEW SPNSDADR 7,031 7,447
    KONINKL PHIL NV SH NEW 6,364 6,880
    KONINKLIJKE AHOLD DELHAIZE NV SP ADR 5,146 5,984
    KROGER CO 6,105 5,812
    L OREAL CO ADR 5,330 7,463
    LAM RESEARCH CORP COM 6,479 10,862
    LAS VEGAS SANDS CORP 4,120 4,649
    LATTICE SEMICNDTR CORP 574 1,512
    LEAR CORP SHS 1,362 2,385
    LENNAR CORP CL A 3,435 4,421
    LINDE PLC REG SHS 2,071 2,899
    LKQ CORP 3,650 4,123
    LOCKHEED MARTIN CORP 3,212 2,840
    LOCKHEED MARTIN CORP GLB 03.100 % JAN 15 2023 6,014 6,305
    LORD ABBETT SHORT DURATION INCOME FD CL F 444,000 447,897
    LOWE 'S COMPANIES INC 2,693 4,334
    LOWE' S COMPANIES INC 5,277 8,026
    LULULEMON ATHLETICA INC 2,256 3,480
    LVMH MOET HENNESSY ADR 7,852 11,725
    MARATHON PETROLEUM CORP 4,741 7,238
    MARATHON PETROLEUM CORP GLB 03.625% SEP 15 2024 979 1,091
    MARATHON PETROLEUM CORP ORIGINAL UNIT/TOTAL COST: 101.0890/5,054.45 5,038 5,456
    MARSH & MCLENNAN COS INC 3,812 4,563
    MASONITE INTERNATIONAL CORPORATION 2,643 3,442
    MCDONALDS CORP COM 2,165 2,575
    MCKESSON CORPORATION COM 5,566 7,305
    MEDTRONIC INC COMPANY GUARNT GLB 03.500 % MAR 15 2025 993 1,122
    MEDTRONIC PLC SHS 16,885 20,265
    MERCK AND CO INC SHS 9,986 9,652
    MERCK KGAA- ADR 6,970 9,864
    MICRON TECHNOLOGY INC 5,434 8,946
    MICROSOFT CORP 9,741 14,457
    MODEL N INC 1,995 1,962
    MOHAWK INDUSTRIES INC 5,747 6,343
    MONARCH DEBT RECOVERY FUND LTD TRANCHE I PARTICIPATION 99,157 140,234
    MONDELEZ INTERNATIONAL INC 1,497 2,222
    MONOLITHIC PWR SYSTEMS INC 4,016 6,592
    MONRO INC 944 1,173
    MONSTER BEVERAGE SHS 1,116 1,665
    MORGAN STANLEY 7,079 11,650
    MORGAN STANLEY SUBORDINATED GLB 03.950% APR 23 2027 8,411 9,249
    MOTOROLA SOLUTIONS INC 2,133 2,551
    MRC GLOBAL INC 173 186
    MURATA MANUFACTURING CO LTD SHS 4,802 7,114
    NATIONAL VISION HLDGS INC 3,984 5,888
    NEUBERGER BERMAN EMERG MARKETS EQUITY FUND INST 188,915 258,120
    NEW RELIC INC 1,938 2,420
    NEWMONT CORPORATION 3,502 3,534
    NEWPARK RES INC $0.01NEW 131 132
    NEXTERA ENERGY CAPITAL COMPANY GUARNT GLB 02.750% MAY 01 2025 6,326 6,491
    NEXTERA ENERGY INC SHS 9,470 13,578
    NLIGHT INC REG SHS 340 784
    NORDEA BANK ABP SHS ADR 4,482 6,626
    NORTHROP GRUMMAN CORP 3,921 3,352
    NORTHROP GRUMMAN CORP GLB 03.200 % FEB 01 2027 6,443 6,755
    NOVARTIS ADR 18,267 19,736
    NOVO NORDISK A S ADR 5,873 6,496
    NOVOCURE LTD SHS 1,624 4,153
    NUTANIX INC 404 765
    NVIDIA 1,464 2,611
    NXP SEMICONDUCTORS N.V. 5,976 9,064
    OMNICELL INC 2,026 2,760
    ON SEMICONDUCTOR CRP COM 1,096 2,618
    ORACLE CORP $0.01 DEL 5,852 6,922
    ORACLE CORP GLB 03.400% JUL 08 2024 1,007 1,095
    ORACLE CORP ORIGINAL UNIT/TOTAL COST: 105 .7320/ 5,286.60 5,227 5,473
    OSI SYSTEM INC 531 746
    OTIS WORLDWIDE CORP REG SH 2,864 2,972
    OWENS CORNING INC 4,122 5,985
    PACIRA BIOSCIENCES INC 2,055 2,513
    PACKAGING CORP AMERICA 1,093 1,655
    PAGERDUTY INC REG SHS 2,188 3,878
    PALO ALTO NETWORKS INC COM 1,198 2,132
    PARSLEY ENERGY INC SHS CL A 3,787 4,572
    PENUMBRA INC 4,645 4,375
    PEPSICO INC 1,825 2,521
    PEPSICO INC GLB 02.375 % OCT 06 2026 5,766 6,541
    PERNOD-RICARD SA-UNSPON 8,854 10,776
    PETRLEO BRAS VTG SPD ADR 2,722 3,537
    PFIZER INC 16,667 17,227
    PHILIP MORRIS INTL INC 11,622 12,336
    PHILIP MORRIS INTL INC GLB 03.375 % AUG 11 2025 968 1,112
    PHILIP MORRIS INTL INC ORIGINAL UNIT/TOTAL COST: 105 .4810/5,274.05 5,219 5,561
    PHILLIPS 66 SHS 1,431 1,679
    PING AN INS GROUP CO CHINA LTD SPON ADR 6,969 8,134
    PIONEER SHORT TERM INCOME FUND CL Y 444,000 451,869
    PJT PARTNERS INC SHS CL A 2,200 2,634
    PNC FINCL SERVICES GROUP 7,961 11,026
    PPG INDUSTRIES INC SHS 1,760 2,740
    PROGRESSIVE CRP OHIO 7,109 8,998
    PROGYNY INC 2,480 4,154
    PROSUS N V 7,176 9,934
    PRUDENTIAL FINANCIAL INC SER MTN 03.500 % MAY 15 2024 5,952 6,604
    PUMA SE ADR UNSPONSORED 2,155 3,886
    QORVO INC SHS 2,183 4,323
    QUALCOMM INC 1,297 2,590
    QUALCOMM INC GLB 03.250 % MAY 20 2027 6,462 6,810
    QUALVS INC COM 2,347 2,803
    QUALYS INC COM 1,402 1,950
    QUANTERIX CORP REG SHS 559 605
    RAYTHEON TECHNOLOGIES CORP 9,841 9,511
    RBC BEARINGS INC 2,650 3,402
    RECKITT BENCKISER GROUP PLC SHS SPONSORE ADR 5,842 6,215
    REDFIN CORP COM 312 892
    RENAISSANCE ACCESS LLC TRANCHE M (A) 116,573 169,176
    RENAISSANCERE HLDGS LTD 7,654 7,296
    RENTOKIL INTL SPNSRD ADR 5,263 5,304
    REYNOLDS AMERICAN INC COMPANY GUARNT GLB 04.850% SEP 15 2023 6,367 6,692
    RIO TINTO FIN USA LTD COMPANY GUARNT GLB 03.750% JUN 15 2025 997 1,129
    RIO TINTO FIN USA LTD ORIGINAL UNIT/TOTAL COST: 104.7170/5,235.85 5,174 5,644
    RIO TINTO PLC SPNSRD ADR 3,104 3,159
    ROBERTHALF INTL INC COM 1,757 1,874
    ROCHE HLDG LTD SPN ADR 6,149 6,269
    ROCKET GLOBAL INNOVATION II (OFFSHORE), L.P. TRANCHE FUND 119,896 114,507
    RWE AG SPONSORED ADR 4,697 7,172
    SAFRAN SA-UNSPON ADR 8,360 12,517
    SALESFORCE COM INC 2,484 2,893
    SANDS CHINA LTD UNSP ADR 7,306 10,471
    SANOFI ADR 6,086 6,025
    SANTANDER HOLDINGS USA GLB 04.500 % JUL 17 2025 5,902 6,807
    SAP SE SHS 7,682 7,823
    SCHLUMBERGER LTD 2,714 3,187
    SCHWAB CHARLES CORP NEW 5,870 8,699
    SHIFT4 PMTS INC CLA 1,245 1,960
    SIEMENS AG ADR 15,023 17,589
    SILK ROAD MEDICAL INC 1,929 2,456
    SIMON PROPERTY GROUP LP GLB 03.300 % JAN 15 2026 6,030 6,590
    SMARTSHEET 626 970
    SMITH-NPHW PLC SPADR NEW 6,329 6,663
    SOCIEDAD Q&M CHLE SPDADR 3,504 7,020
    SONY CORP ADR NEW 8,189 12,840
    SPLUNK INC COMMON SHARES 1,432 2,039
    SS AND C TECHNOLOGIES HOLDINGS INC 3,588 5,093
    STEEL DYNAMICS INC COM 3,582 4,019
    STRAUMANN HLDG AG SHS 6,251 9,272
    SUNCOR ENERGY INC NEW 3,286 2,970
    SURGERY PARTNERS INC COM 1,661 3,394
    SWEDBANK AB ADR 3,074 2,893
    SX5E LIRN ISSUER PART 149.05% SV 3,331.25 DUE 03/26/21 BUF 25% WFC 375,000 412,875
    SX5E MITTS ISSUER PART 130.5% SV 3,521.76 DUE 05/27/22 PROT 100% BARC 438,522 409,200
    SYNEOS HEALTH INC 3,513 4,633
    TAIWAN S MANUFCTRING ADR 11,707 18,864
    TAPESTRY INC 3,042 5,967
    TARGET CORPCOM 4,465 9,709
    TEMENOS AG SPON ADR 8,002 7,647
    TENCENT HOLDINGS LTD ADR 7,028 9,633
    TENNANT CO COM 2,244 2,526
    TEXAS INSTRUMENTS 3,183 4,596
    THERMO FISHER SCIENTIFIC INC 1,991 2,795
    TJX COS INC NEW 2,956 4,507
    T-MOBILE US INC SHS 6,940 8,630
    TOMRA SYS ASA SPNADR NEW 4,479 6,899
    TOYOTA MOTOR CREDIT CORP SER MTN 02.250 % OCT 18 2023 5,766 6,313
    TRANE TECHNOLOGIES PLC 1,480 2,613
    TRAVELERS COS INC 3,934 5,194
    TREX CO INC 6,821 9,544
    TRIP.COM GROUP LTD SPONSORE ADR 3,094 2,968
    TRUIST FINL CORP 14,727 21,233
    TRUPANION INC SHS 2,274 5,267
    UBER TECHNOLOGIES INC 1,380 2,346
    UBER TECHNOLOGIES INC 50,135 76,500
    UCB UNSPOND ADR 7,407 6,129
    ULTA BEAUTY INC 1,209 1,723
    ULTRAGENYX PHARMACEUTICAL INC SHS 1,651 2,769
    UNILEVER PLC NEW ADR 5,111 6,096
    UNION PACIFIC CORP 4,373 7,079
    UNITED PARCEL SERVICE 02.500 % APR 01 2023 MOODY 'S: A2 S&P: A- 6,223 6,275
    UNITED PARCEL SVC CL B 8,116 9,262
    UNITED RENTALS INC COM 2,146 4,406
    UNITEDHEALTH GROUP INC 10,300 15,781
    UNITEDHEALTH GROUP INC GLB 03.100 % MAR 15 2026 6,006 6,724
    US ECOLOGY INC 585 690
    VALERO ENERGY PARTNERS COMPANY GUARNT GLB 04.375 % DEC 15 2026 6,162 6,945
    VANGUARD RUSSELL 1000 ET VALUE 197,763 248,866
    VARONIS SYSTEMS INC SHS 3,085 5,399
    VERI ZON COMMUNICATIONS GLB 04.125% MAR 16 2027 6,755 7,072
    VIATRIS INC 2,488 2,942
    VIAVI SOLUTIONS INC 612 809
    VIS TRA CORP 1,155 1,219
    VISA INC CL A SHRS 4,008 5,031
    VISTRA CORP 4,036 3,873
    VMWARE INC 1,521 1,543
    VOCERA COMMUNICATION INC 709 1,329
    VROOM INC COM 983 778
    W W GRAINGER INCORP 1,404 2,042
    WALGREENS BOOTS ALLIANCE INC 7,497 6,062
    WASTE CONNECTIONS INC 3,345 3,898
    WEC ENERGY GROUP INC SHS 1,435 2,117
    WELLS FARGO & COMPANY SUBD SER GMTN GLB 0.4300% JUL 22 2027 6,890 7,031
    WELLS FARGO SPECIAL SMALL CAP VALUE FD INSTL 184,873 243,467
    WELLTOWER INC 5,579 7,302
    WESTERN ALLIANCE BANCORP 1,923 3,537
    WESTROCK CO SHS ISSUED 2,306 2,699
    WILLIAMS SONOMA INC 1,124 2,342
    WIX COM LTD 4,354 4,749
    WORKDAY INC CL A 685 719
    WUXI BIOLOGICS CAYMAN INC 2,041 5,446
    WYNDHAM HOTELS AND RESORTS INC REG 2,082 3,031
    XPO LOGISTICS INC 2,619 4,291
    YAMANA GOLD INC 2,574 3,626
    YEXT INC 1,850 2,012
    YUM CHINA HOLDINGS INC SHS 6,403 6,565
    ZOETIS INC 2,223 2,814
    ZURICH INSURANCE GROUP AG SHS SPON ADR 6,605 7,262
    OTHER ASSETS 225,864 225,864

    TY 2020 OtherExpensesSchedule
    Name:
    SUMMER REST FOUNDATION
    EIN:
    56-6534008
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 6,595 0   0
    MISCELLANEOUS 5,733 5,730   0
    ADVISORY FEES 35,737 35,737   0
    BANK FEES 128 128   0
    POSTAGE 22 22   0
    NONDEDUCTIBLE DONATIONS 1,000 0   0
    ADMINISTRATIVE FEES 385 38   347


    TY 2020 OtherIncomeSchedule2
    Name:
    SUMMER REST FOUNDATION
    EIN:
    56-6534008
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RENAISSANCE ACCESS LLC 91 91 91
    UTX STEPS ISSUER BOFA 8,133 8,133 8,133


    TY 2020 TaxesSchedule
    Name:
    SUMMER REST FOUNDATION
    EIN:
    56-6534008
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 2,510 2,510   0
    FEDERAL TAX 5,000 0   0