TY 2020 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
C K BLANDIN RESIDUARY TRUST
C/O WELLS FARGO

Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD 3RD FL
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118

A Employer identification number

41-6012374

B Telephone number (see instructions)

(855) 739-2922

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$424,698,159J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	7,209,052		5,016,878
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		10,246,964
b	Gross sales price for all assets on line 6a 134,487,090
7	Capital gain net income (from Part IV, line 2)...			10,923,482
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).......		126,854	1,257,172
12	Total. Add lines 1 through 11........	17,582,870		17,197,532
13	Compensation of officers, directors, trustees, etc.	1,206,274		1,050,447	155,827
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		50,958	0	50,958
b	Accounting fees (attach schedule).......		105,038	2,500	102,538
c	Other professional fees (attach schedule)....		530,598	530,598	0
17	Interest...............	12		0	0
18	Taxes (attach schedule) (see instructions)...		397,516	221,179	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		46,952	52,622	35
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	2,337,348		1,857,346	309,358
25	Contributions, gifts, grants paid.......	18,487,924			18,487,924
26	Total expenses and disbursements. Add lines 24 and 25	20,825,272		1,857,346	18,797,282
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-3,242,402
b	Net investment income (if negative, enter -0-)			15,340,186
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	15,285,132	20,127,407	20,127,407
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	28,165,477	18,157,240	19,050,219
	b	Investments—corporate stock (attach schedule).......	135,862,045	125,990,200	191,751,723
	c	Investments—corporate bonds (attach schedule).......	20,265,088	29,411,078	31,457,047
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	137,208,696	143,752,652	162,311,763
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	336,786,438	337,438,577	424,698,159
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	336,786,438	337,438,577
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	0	0
	29	Total net assets or fund balances (see instructions).....	336,786,438	337,438,577
	30	Total liabilities and net assets/fund balances (see instructions).	336,786,438	337,438,577

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

336,786,438

Enter amount from Part I, line 27a .....................

-3,242,402

Other increases not included in line 2 (itemize) bullet

3,894,541

Add lines 1, 2, and 3 ..........................

337,438,577

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

337,438,577

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	PUBLICLY TRADED SECURITIES	P	2019-01-01	2020-12-31
b	FLOW-THROUGH FROM PARTNERSHIPS	P	2019-01-01	2020-12-31
c	LOSS ON DISPOSITION OF NORTHSTAR MEZZAZINE PARTNERS III, L.P. K-1	P	2019-01-01	2020-12-31
d	DISTRIBUTION IN EXCESS OF BASIS - NORTH BRIDGE GROWTH EQUITY I, L.P.	P	2019-01-01	2020-12-31
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	134,127,730	123,583,194	10,544,536
b	359,360		359,360
c			-5,214
d			24,800
e

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			10,544,536
b			359,360
c			-5,214
d			24,800
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	10,923,482
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 ...................		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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	213,229
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	213,229
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	213,229
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	489,523
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	200,000
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	689,523
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	476,294
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax476,294	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

Yes

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

WELLS FARGO Telephone no. bullet

(888) 730-4933

Located at bullet

100 N MAIN STREETWINSTONSALEMNC ZIP+4 bullet

27101

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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-)
WELLS FARGO BANK MN DBA ABBOT DOWNI	TRUSTEE 1.00	1,162,274
90 SOUTH SEVENTH ST SUITE 5100 MINNEAPOLIS,MN55402	TRUSTEE 1.00	1,162,274
JIM HOOLIHAN	TRUSTEE 4.25	44,000
INDUSTRIAL LUBRICANT CO PO BOX 70 GRAND RAPIDS,MN55744	TRUSTEE 4.25	44,000

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...................				0

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
WGI EMERGING MARKETS	INVESTMENT MANAGER	110,649
ONE FINANICAL CENTER STE 1620 BOSTON,MA02111	INVESTMENT MANAGER	110,649
RSM US LLP	ACCOUNTING SERVICES	105,038
227 W 1ST ST STE 700 DULUTH,MN55802	ACCOUNTING SERVICES	105,038
TIMES SQUARE CAPITAL MANAGEMENT	INVESTMENT MANAGER	99,613
7 TIMES SQUARE NEW YORK,NY10036	INVESTMENT MANAGER	99,613
REINHART PARTNERS INC	INVESTMENT MANAGER	79,177
1500 W MARKET ST MEQUON,WI53092	INVESTMENT MANAGER	79,177
SPRUCEGROVE INVESTMENT MANAGEMENT LTD	INVESTMENT MANAGER	78,483
181 UNIVERSITY AVE STE 1300 TORONTO,ONTARIOM5H3M7 CA	INVESTMENT MANAGER	78,483

Total number of others receiving over $50,000 for professional services............. bullet

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)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

385,702,880

Average of monthly cash balances.......................

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

385,702,880

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

385,702,880

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

5,785,543

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

379,917,337

Minimum investment return. Enter 5% of line 5..................

18,995,867

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.)

Minimum investment return from Part X, line 6....................

18,995,867

Tax on investment income for 2020 from Part VI, line 5......

213,229

Income tax for 2020. (This does not include the tax from Part VI.)...

64,566

Add lines 2a and 2b............................

277,795

Distributable amount before adjustments. Subtract line 2c from line 1............

18,718,072

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

18,718,072

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

18,718,072

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

18,797,282

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

18,797,282

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

18,797,282

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)

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					18,718,072
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......	503,593
b From 2016......
c From 2017......
d From 2018......	510,650
e From 2019......	1,200,426
fTotal of lines 3a through e........		2,214,669
4Qualifying distributions for 2020 from Part
XII, line 4: $ 18,797,282
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.....					18,718,072
e Remaining amount distributed out of corpus		79,210
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		2,293,879
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) ...		503,593
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		1,790,286
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....	510,650
d Excess from 2019....	1,200,426
e Excess from 2020....	79,210

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
C K BLANDIN FOUNDATION 100 N POKEGAMA AVENUE GRAND RAPIDS,MN55744	N/A	PF	TO SUPPORT DIRECT CHARITABLE ACTIVITIES, GRANTMAKING, AND SCHOLARSHIPS	18,487,924
Total ................................. 3a				18,487,924

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	7,209,052
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.....			01	126,854
8 Gain or (loss) from sales of assets other than inventory ............			18	10,246,964
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		17,582,870	0

13Total. Add line 12, columns (b), (d), and (e)..................

17,582,870

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

C K BLANDIN RESIDUARY TRUST

C/O WELLS FARGO

EIN:

41-6012374

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING	105,038	2,500		102,538

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2020 ExpenditureResponsibilityStmt

Name:

C K BLANDIN RESIDUARY TRUST

C/O WELLS FARGO

EIN:

41-6012374

Grantee's Name	Grantee's Address	Grant Date	Grant Amount	Grant Purpose	Amount Expended By Grantee	Any Diversion By Grantee?	Dates of Reports By Grantee	Date of Verification	Results of Verification
C K BLANDIN FOUNDATION	100 POKEGAMA AVENUE N GRAND RAPIDS,MN55744	2019-12-31	20,199,523	FOR THE GENERAL SUPPORT OF THE C. K. BLANDIN FOUNDATION	20,199,253	NONE	9/28/20	2020-09-28	THE TRUSTEES OF THE BLANDIN RESIDUARY TRUST ARE ROUTINELY GIVEN COPIES OF THE FINANCIAL REPORTS OF THE BLANDIN FOUNDATION EXPENDITURES. TO THE KNOWLEDGE OF THIS TRUST'S TRUSTEES, AND BASED ON THE INFORMATION AVAILABLE TO THEM, NO PORTION OF THE GRANTS MADE HAVE BEEN USED FOR OTHER THAN THE INTENDED PURPOSES OF THE GRANT. IN ADDITION, THE FOUNDATION HAS PROVIDED DETAILED REPORTS OF THE AMOUNTS THE FOUNDATION EXPENDED IN THE SUCCESSIVE YEAR AS QUALIFYING DISTRIBUTIONS VIA GRANTS PAID OUT AND ADMINISTRATIVE EXPENSES, AND THE TOTAL AMOUNT IN THE FOUNDATION'S CORPUS AS OF THE BEGINNING OF THE SUCCESSIVE YEAR FROM THE FIVE YEARS PRIOR TO THE SUCCESSIVE YEAR. THE DETAILED REPORTS OF THE GRANTS AND SCHOLARSHIPS PAID INCLUDE THE REPORTING NAME AND ADDRESSES OF GRANTEES, AND THE DATE EACH GRANT WAS DISBURSED.
C K BLANDIN FOUNDATION	100 POKEGAMA AVENUE N GRAND RAPIDS,MN55744	2020-12-31	18,487,924	FOR THE GENERAL SUPPORT OF THE C. K. BLANDIN FOUNDATION	18,487,924	NONE	9/28/21	2021-09-28	THE TRUSTEES OF THE BLANDIN RESIDUARY TRUST ARE ROUTINELY GIVEN COPIES OF THE FINANCIAL REPORTS OF THE BLANDIN FOUNDATION EXPENDITURES. TO THE KNOWLEDGE OF THIS TRUST'S TRUSTEES, AND BASED ON THE INFORMATION AVAILABLE TO THEM, NO PORTION OF THE GRANTS MADE HAVE BEEN USED FOR OTHER THAN THE INTENDED PURPOSES OF THE GRANT. IN ADDITION, THE FOUNDATION HAS PROVIDED DETAILED REPORTS OF THE AMOUNTS THE FOUNDATION EXPENDED IN THE SUCCESSIVE YEAR AS QUALIFYING DISTRIBUTIONS VIA GRANTS PAID OUT AND ADMINISTRATIVE EXPENSES, AND THE TOTAL AMOUNT IN THE FOUNDATION'S CORPUS AS OF THE BEGINNING OF THE SUCCESSIVE YEAR FROM THE FIVE YEARS PRIOR TO THE SUCCESSIVE YEAR. THE DETAILED REPORTS OF THE GRANTS AND SCHOLARSHIPS PAID INCLUDE THE REPORTING NAME AND ADDRESSES OF GRANTEES, AND THE DATE EACH GRANT WAS DISBURSED.

- TIN:

TY 2020 GeneralExplanationAttachment

Name:

C K BLANDIN RESIDUARY TRUST

C/O WELLS FARGO

EIN:

41-6012374

Identifier	Return Reference	Explanation
TRUSTEE COMPENSATION	FORM 990-PF, PART VIII, LINE 1	THE CORPORATE TRUSTEE'S COMPENSATION REPORTED IN COLUMN (C) IS CALCULATED BASED ON PERIODIC MARKET VALUES AND/OR THE APPLICABLE FEE AGREEMENT. IT IS NOT DETERMINED ON AN HOURLY BASIS AND THE REFERENCE TO ONE HOUR PER WEEK IS AN ESTIMATE ONLY. CORPORATE TRUSTEE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, ADMINISTRATIVE SERVICES SUCH AS FIDUCIARY ACCOUNTING, CUSTODY OF ASSETS, COMPLYING WITH TAX FILING REQUIREMENTS, COMPLYING WITH DISTRIBUTION PROVISIONS, AND COMPLYING WITH FEDERAL AND STATE LAWS APPLICABLE TO PRIVATE FOUNDATIONS, PLUS ASSET MANAGEMENT SERVICES SUCH AS CREATING ASSET ALLOCATION STRATEGIES, INVESTMENTS REPORTING AND REALLOCATING AND REBALANCING OF PORTFOLIOS AS NECESSARY.

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

C K BLANDIN RESIDUARY TRUST

C/O WELLS FARGO

EIN:

41-6012374

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AIR PRODUCTS & CHEMICALS	454,433	472,293
ANTHEM INC	1,178,578	1,221,565
APPLE INC 3.250% 2/23/26	196,650	224,442
APPLE INC 3.850% 5/04/43	1,099,370	1,263,400
AT&T INC 4.125% 2/17/26	1,090,416	1,244,065
BLACKROCK INC 3.500% 3/18/2024	696,795	713,960
CHARLES SCHWAB CORP 3.450% 02/13/2026	787,238	849,863
CHUBB INA HOLDINGS INC 1.375% 9/15/2030	494,150	499,090
CVS HEALTH CORP 3.700% 3/09/2023	55,979	55,631
EXPRESS SCRIPTS HOLD 4.500% 02/25/2026	255,978	289,880
EXXON MOBIL CORPORAT 2.397% 03/06/2022	863,622	869,040
HCP INC 3.500% 7/15/29	262,838	283,585
HOME DEPOT INC 3.125% 12/15/2049	838,445	865,290
JPMORGAN CHASE & CO 2.700% 05/18/2023	515,515	525,675
KROGER CO 2.650% 10/15/26	497,235	546,150
KROGER CO 3.950% 1/15/50	451,464	485,788
LOWE'S COS INC 3.100% 5/03/2027	884,268	1,009,719
MCDONALD'S CORP 3.700% 1/30/2026	987,635	1,082,136
MICROSOFT CORP 3.700% 8/08/2046	708,591	919,293
MINERVA NETWORKS INC SER AD PREFCH	57,442	47,028
MINERVA NETWORKS INC SER AV PREFCH	16,034	24,051
MOSAIC CO 4.250% 11/15/23	514,195	545,730
PEPSICO INC 3.500% 7/17/2025	714,575	788,466
PRINCIPAL FUNDS INC - CAPITAL SECURITIES FUND	719,085	748,225
PRINCIPAL PREFERRED SECURITIES FUND	9,950,000	10,004,629
STATE STREET CORP 3.550%	852,888	908,168
UNITEDHEALTH GROUP INC 4.750% 07/15/2045	1,266,029	1,582,785
VERIZON COMMUNICATIO 4.016% 12/03/2029	1,007,843	1,010,727
VISA INC 4.300% 12/14/45	994,227	1,198,523
WALMART INC 3.700% 6/26/2028	999,560	1,177,850

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

C K BLANDIN RESIDUARY TRUST

C/O WELLS FARGO

EIN:

41-6012374

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ACUSHNET HOLDINGS CORP	223,734	345,401
ADIDAS-AG	192,270	300,287
ADYEN N.V.	322,302	744,952
AFFILIATED MANAGERS GROU 4.750% PFD	5,258	5,538
AFFILIATED MANAGERS GROU PFD	4,716	5,273
AIA GROUP LTD-SP	442,760	634,367
AIR LIQUIDE - ADR	124,818	173,232
ALABAMA POWER CO 5.000% PFD	4,759	5,255
ALCON, INC.	211,902	221,297
ALFA LAVAL AB	195,066	192,932
ALGONQUIN PWR & UTILITY PFD	4,892	5,403
ALIBABA GROUP HOLDING LTD.	180,457	205,733
ALLIANZ SE	366,947	416,659
ALLISON TRANSMISSION HOLDINGS	420,470	424,831
ALLSTATE CORP 4.750% PFD	10,456	11,142
ALLSTATE CORP 5.100% PFD	11,812	13,081
ALLSTATE CORP 5.625% PFD	9,282	10,525
ALLSTATE CORP PFD	4,475	4,742
AMBEV SA	282,168	220,461
AMERCO	536,975	668,229
AMERICAN CAMPUS CMNTYS INC	252,794	333,606
AMERICAN FINANCIAL GROUP PFD	4,718	5,409
AMERICAN FINANCIAL GROUP PFD	10,641	11,151
AMERICAN FINL GROUP INC OHIO COM	330,824	452,557
APTARGROUP INC COM	65,473	137,985
ARAMARK	147,314	322,462
ARCH CAPITAL GROUP LTD 5.450% PFD	14,076	14,814
ARCH CAPITAL GROUP LTD 5.250% PFD	15,315	16,692
ARTISAN PARTNERS ASSET MANAGEM	125,793	223,560
ASPEN TECHNOLOGY INC COM	120,453	406,771
ASSOC BANC-CORP 5.625% PFD	4,979	5,718
AT&T INC 4.750% PFD SER C	41,755	44,341
AT&T INC 5.000% PFD SER A	9,970	10,856
AT&T INC 5.350% PFD	4,671	5,220
AT&T INC PFD	4,625	5,262
ATLAS COPCO AB SPONSORED ADR NEW REPSTG COM SER A	275,860	551,562
ATRION CORP	173,109	142,577
AUTOHOME INC-ADR	160,143	603,498
AVISTA CORP	452,080	454,586
BAKER HUGHES COMPANY	301,299	468,083
BANCO BILBAO VIZCAYA ARGENT- ADR	391,431	279,732
BANK OF AMERICA CORP 4.375% PFD SER NN	10,378	11,045
BANK OF AMERICA CORP 5.000% PFD SER LL	19,932	21,742
BANK OF AMERICA CORP 5.375% PFD SER KK	4,863	5,325
BANK OF AMERICA CORP 6.000% PFD SER EE	13,429	13,456
BANK OF AMERICA CORP 6.200% PFD SER CC	6,457	6,073
BERKLEY (WR) CORPORATION 5.900% PFD	2,673	2,706
BERKLEY (WR) CORPORATION 5.750% PFD	13,683	13,999
BERKLEY (WR) CORPORATION PFD	5,002	5,413
BERKLEY (WR) CORPORATION 4.250% PFD	5,254	5,493
BLACKROCK DEVELOPED REAL ESTATE	12,352,000	11,846,838
BOK FINANCIAL CORPORATION	376,806	479,702
BOOZ ALLEN HAMILTON HOLDING CO	1,120,830	1,115,904
BROWN CAPITAL MANAGEMENT INTERNATIONAL SMALL COMPANY FUND	8,477,600	9,734,792
CAMDEN PPTY TR SH BEN INT	318,530	397,682
CANADIAN NATL RR CO COM	141,574	173,563
CAPITAL ONE FINANCIAL CO 4.800% PFD SER J	15,423	16,068
CAPITAL ONE FINANCIAL CO 5.000% PFD SER I	19,983	21,245
CARLISLE COS INC	275,213	402,164
CATALENT INC	1,164,543	1,162,982
CERNER CORP COM	301,333	413,590
CHARLES RIVER LABORATORIES	1,450,218	1,749,020
CHARLES SCHWAB CORP 5.950% PFD SER D	8,786	8,828
CHARLES SCHWAB CORP 6.000% PFD	31,888	30,313
CHECK POINT SOFTWARE TECH COM	346,053	408,831
CHEMED CORP NEW COM	863,664	958,698
CHUGAI PHARMACEUTICAL CO LTD	150,755	381,763
CITIGROUP INC 6.300% PFD SER S	5,776	5,419
CITIGROUP INC 6.875% PFD SER K	29,737	31,236
CITIGROUP INC 7.125% PFD SER J	19,900	20,761
CITIZENS FINANCIAL GROUP INC	340,282	510,653
CITIZENS FINANCIAL GROUP 5.000% PFD SER E	18,300	19,540
CITRIX SYS INC COM	473,523	545,770
CMS ENERGY CORP PFD	4,635	5,191
CMS ENERGY CORP PFD	9,306	10,627
COGNIZANT TECH SOLUTIONS CRP COM	282,595	437,613
COSTAR GROUP, INC	728,571	1,317,099
CROWDSTRIKE HOLDINGS INC	787,557	1,768,697
DASSAULT SYSTEMES S.A. - ADR	422,495	545,225
DBS GROUP HOLDINGS LIMITED - ADR	437,803	467,631
DENTSPLY SIRONA INC	313,886	382,228
DIAGEO PLC - ADR	251,514	258,701
DIGITAL REALTY TRUST INC 5.200% PFD SER L	10,176	10,975
DISCOVERY COMMUNICATIONS INC	234,791	357,168
DOMINION ENERGY INC 5.250% PFD SER A	18,469	19,242
DONALDSON CO INC	75,180	142,494
DRIL-QUIP INC COM	187,143	125,411
DTE ENERGY CO 5.250% PFD SER E	4,711	5,114
DTE ENERGY CO 5.375% PFD SER B	15,281	15,361
DTE ENERGY CO 6.000% PFD SER F	4,367	4,719
DUKE ENERGY CORP PFD	4,650	5,351
EBAY INC	335,487	487,676
EMCOR GROUP INC COM	305,016	410,838
ENBRIDGE INC PFD SER B	9,284	9,953
ENCOMPASS HEALTH CORP	386,967	656,559
ENTERGY ARKANSAS LLC PFD	9,169	9,689
ENTERGY LOUISIANA LLC4.875% PFD	4,616	5,000
ENTERGY MISSISSIPPI LLC 4.900% PFD	9,188	9,933
ENTERGY NEW ORLEANS LLC 5.500% PFD	4,441	4,471
EPIROC AKTIEBOLAG	129,715	254,247
FULLER & THALER BEHAVIORAL SMALL-CAP EQUITY FUND	8,040,000	9,117,204
FACTSET RESH SYS INC COM	148,940	308,893
FANUC CORPORATION ADR	132,635	169,867
FIFTH THIRD BANCORP	143,256	301,892
FIFTH THIRD BANCORP 4.950% PFD SER K	9,827	11,060
FIRST HAWAIIAN INC	441,904	439,366
FIRST REPUBLIC BANK 4.125% PFD SER K	5,183	5,447
FIRST REPUBLIC BANK 4.700% PFD SER J	10,169	10,649
FIRST REPUBLIC BANK 5.125% PFD SER H	4,682	5,018
FNF GROUP	436,632	542,178
FOMENTO ECONOMICO MEXICANO S.A.B. DE C.V. (FEMSA)	283,763	258,300
FTI CONSULTING INC COM	355,062	389,009
FUCHS PETROLUB SE	86,051	94,630
GATX CORP 5.625% PFD	4,887	5,145
GENERAL DYNAMICS CORP	415,455	440,507
GEORGIA POWER CO 5.000% PFD SER 2017	9,325	10,592
GLOBAL PMTS INC W/I	268,127	829,367
GOLDMAN SACHS GROUP INC 5.500% PFD SER J	39,050	43,837
GOLDMAN SACHS GROUP INC 6.375% PFD SER K	17,571	19,285
GOLDMAN SACHS GROUP INC 6.300% PFD SER N	18,489	17,981
GRACO INC	211,823	455,226
HARTFORD FINL SVCS GRP 6.000% PFD SER G	4,571	5,305
HARTFORD FINL SVCS GRP 7.875% PFD	17,716	17,781
HDFC BANK LTD. - ADR	154,018	203,051
HENRY JACK & ASSOC INC COM	79,292	186,450
HUNTINGTON INGALLS INDUSTRIES	476,874	418,528
ICICI BANK LTD. - ADR	143,937	246,096
INFINEON TECHNOLOGIES AG - ADR	355,539	793,822
INGREDION INC	574,187	495,621
INTERPUBLIC GROUP COS INC	553,081	672,907
ISHARES CORE MSCI EMERGING MARKETS	8,050,496	9,276,097
ITAU UNIBANCO HOLDING SA	342,889	284,708
JPMORGAN CHASE & CO 4.750% PFD SER GG	10,182	11,278
JPMORGAN CHASE & CO 5.750% PFD SER DD	4,699	5,283
JPMORGAN CHASE & CO 6.000% PFD SER EE	9,291	10,538
KEYCORP 5.625 PFDSER G	4,746	5,327
KEYCORP 6.125% PFD SER E	23,738	25,816
KIMCO REALTY CORP 5.125% PFD SER L	4,632	4,939
KIMCO REALTY CORP 5.250% PFD SER M	4,194	4,524
KOMATSU LIMITED - ADR	179,876	246,596
KUBOTA LIMITED - ADR	218,332	298,139
LAM RESEARCH CORP COM	288,013	684,792
LINDE PLC	159,016	269,044
LKQ CORP	448,868	619,167
LOEWS CORP	514,407	489,367
LONZA GROUP AG ADR	218,745	454,071
LOREAL - ADR	327,665	519,571
LUKOIL PJSC-SPON ADR	217,495	176,027
LUMENTUM HOLDINGS INC	332,502	416,172
MANHATTAN ASSOCIATES, INC	162,999	342,466
METLIFE INC 4.750% PFD SER F	20,271	21,896
MORGAN STANLEY SER E 7.125% 10/15/2049	28,554	30,028
MOELIS & CO	237,233	272,564
MORGAN STANLEY	6,558	7,909
MORGAN STANLEY 4.875% PFD SER L	5,015	5,353
MORGAN STANLEY 5.850% PFD SER K	15,325	17,454
MORGAN STANLEY 6.875% PFD	9,662	10,146
NATIONAL RETAIL PROP INC 5.200% PFD SER F	10,098	10,600
NATIONAL RURAL UTIL COOP PFD	4,805	5,592
NESTLE S.A. REGISTERED SHARES - ADR	264,447	381,436
NEXTERA ENERGY CAPITAL 5.250% PFD SER K	13,786	14,307
NEXTERA ENERGY CAPITAL PFD SER N	28,514	32,274
NITORI HLDGS CO LTD-UNSP	125,453	191,192
NORTHERN TRUST CORP	199,355	266,380
NORTHERN TRUST CORP 4.700% PFD SER E	5,049	5,584
NOVOZYMES A/S UNSPONS ADR	136,801	146,670
NY COMMUNITY BANCORP INC 6.375% PFD SER A	20,535	22,584
O'REILLY AUTOMOTIVE INC	1,261,825	1,629,252
PING AN INSURANCE-ADR	223,940	264,478
PINTEREST INC	1,114,369	1,542,060
PNC FINANCIAL SERVICES 6.125% PFD SER P	51,738	50,266
POOL CORPORATION	179,824	561,730
PRICESMART INC	188,967	225,174
PRIMERICA INC	143,547	442,639
PROGRESSIVE CORP OHIO	197,208	264,010
PROGRESSIVE CORP OHIO	364,412	988,800
PRUDENTIAL FINANCIAL INC PFD	4,644	5,333
PRUDENTIAL FINANCIAL INC 4.125% PFD	10,548	11,016
PS BUSINESS PARKS INC 4.875% PFD SER Z	10,128	11,093
PS BUSINESS PARKS INC 5.200% PFD SER Y	9,618	10,022
PS BUSINESS PARKS INC 5.250% PFD	4,701	4,884
PUBLIC STORAGE 4.625% PFD	4,929	5,428
PUBLIC STORAGE 4.750% PFD SER K	5,230	5,696
PUBLIC STORAGE 4.875% PFD SER I	10,017	10,985
PUBLIC STORAGE 4.900% PFD SER E	4,690	5,232
PUBLIC STORAGE 5.050% PFD SER G	7,526	8,178
PUBLIC STORAGE 5.125% PFD SER C	2,725	2,838
PUBLIC STORAGE 5.150% PFD SER F	9,393	10,043
PUBLIC STORAGE 5.400% PFD SER B	2,402	2,382
PUBLIC STORAGE 5.600% PFD SER H	4,696	5,384
RBC BEARINGS INC	80,568	241,346
REGIONS FINANCIAL CORP 5.700% PFD SER C	4,884	5,558
REGIONS FINANCIAL CORP 6.375% PFD SER B	14,699	15,100
RENAISSANCERE HOLDINGS COM	2,092,252	2,122,496
RENAISSANCERE HOLDINGS L 5.750% PFD SER F	9,320	10,601
RIGHTMOVE PLC-UNSP ADR	297,366	464,237
RIO TINTO PLC - ADR	271,321	380,087
RLI CORP COM	157,538	235,379
ROCHE HOLDINGS LTD - ADR	324,822	465,975
ROYAL DUTCH SHELL PLC ADR	327,839	197,896
SALESFORCE COM INC	19,202	111,265
SAP SE ADR	498,024	548,942
SBA COMMUNICATIONS CORP	645,460	1,565,822
SCHNEIDER ELECTRIC SE.	255,655	393,720
SEI INVESTMENT COMPANY	434,948	452,289
SENSATA TECHNOLOGIES HOLD	248,549	316,440
SGS SA ADR	134,914	162,027
SHIONOGI & CO LTD-UNSPON	148,703	133,137
SIGNATURE BANK	523,949	667,656
SIMPSON MFG INC COM	232,955	320,627
SKYWORKS SOLUTIONS INC	119,076	247,666
SNAP ON INC	334,215	391,055
SONOVA HOLDIN-UNSPON ADR	174,049	244,002
SOUTHERN CO 5.250% PFD	5,650	6,070
SOUTHERN CO PFD	5,629	6,145
SPDR S & P 500 ETF TRUST	1,202,987	2,631,741
STATE STREET CORP 5.350% PFD SER G	4,515	5,329
STATE STREET CORP 5.900 PFD SER D	12,638	13,202
STIFEL FINANCIAL CORP 5.200% PFD	4,713	4,935
STIFEL FINANCIAL CORP 6.125% PFD SER C	9,882	10,903
SVB FINANCIAL GROUP 5.250% PFD SER A	10,362	10,618
SYMRISE AG ADR	192,163	284,482
SYNOVUS FINANCIAL CORP 5.875% PFD SER E	4,929	5,203
SYSMEX CORP-UNSPON ADR	250,667	310,494
TAIWAN SEMICONDUCTOR MANUFACTU - ADR	316,562	834,047
TELEDYNE TECHNOLOGIES INC	151,519	683,221
TENCENT HOLDINGS LTD-UNS	284,246	435,222
TORO CO	284,029	396,052
TRANSUNION	1,391,163	1,656,974
TRUIST FIN CORP 5.200% PFD SER G	5,623	5,766
TRUIST FIN CORP 5.625% PFD SER H	8,917	9,122
TRUIST FINANCIAL CORP 4.750% PFD SER R	15,566	17,017
TRUIST FINANCIAL CORP 5.250% PFD	9,682	10,794
TWILIO INC	819,742	1,557,100
UGI CORP NEW COM	641,635	490,664
UNI CHARM CORPORATION ADR	273,681	396,336
UNILEVER PLC - ADR	244,827	270,715
UNIVERSAL HEALTH SVCS INC	304,492	511,500
US BANCORP SER B	2,631	2,997
US BANCORP 3.750% PFD SER L	10,364	10,571
US BANCORP 5.500% PFD SER K	4,619	5,328
US BANCORP 6.500% PFD SER F	38,200	35,964
VANGUARD 500 INDEX FD- AD	18,292,899	56,275,670
VANGUARD FTSE DEVELOPED MARKETS ETF	18,968,331	22,892,837
VENTAS INC COM	430,681	535,517
VISTRA CORP	580,238	587,048
VORNADO REALTY TRUST 5.250% PFD SER N	12,730	13,595
VORNADO REALTY TRUST 5.250% PFD SER M	9,544	10,122
VOYA FINANCIAL INC 5.350% PFD SER B	4,832	5,437
WASTE CONNECTIONS INC	1,338,569	1,651,377
WATTS WATER TECHNOLOGIES INC	265,712	332,606
WEBSTER FINANCIAL CORP 5.250% PFD SER F	4,707	5,057
WEYERHAEUSER CO	320,034	443,669
WHITE MOUNTAINS INSURANCE GROUP INC	355,570	525,347
YANDEX NV	63,319	157,807
ZENDESK INC	746,443	987,528
ZIMMER BIOMET HOLDINGS, INC	240,968	416,043
ZYNGA INC	746,070	1,078,791

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

C K BLANDIN RESIDUARY TRUST

C/O WELLS FARGO

EIN:

41-6012374

US Government Securities - End of Year Book Value:

16,802,240

US Government Securities - End of Year Fair Market Value:

17,677,608

State & Local Government Securities - End of Year Book Value:

1,355,000

State & Local Government Securities - End of Year Fair Market Value:

1,372,611

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

C K BLANDIN RESIDUARY TRUST

C/O WELLS FARGO

EIN:

41-6012374

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ACL ALTERNATIVE FUND	AT COST	4,040,433	4,162,997
APOLLO NATURAL RESOURCES PARTNERS II	AT COST	1,356,618	1,356,618
ARROWMARK GLOBAL OPP FD III CL B LTD	AT COST	2,947,924	2,947,924
ARROWMARK GLOBAL OPP II CLASS B LTD	AT COST	1,907,850	1,907,850
ATLAS INSTL FUND LTD - OFFSHORE	AT COST	3,500,000	3,953,964
BAKER COMMUNICATIONS FUND II LP	AT COST	485,349	485,350
BLUE VISTA RE PARTNERS IV (TE) LP	AT COST	3,519,499	3,519,499
BLUE VISTA RE PARTNERS V (TE)	AT COST	752,731	752,731
CERBERUS GLBL NPL FEEDER FUND	AT COST	988,608	988,608
CIP VI INSTITUTIONAL FEEDER LP	AT COST	3,213,053	3,213,053
DBL PARTNERS III LP	AT COST	3,585,913	3,585,913
DBL PARTNERS IV	AT COST	250,881	250,881
DRA GROWTH & INCOME FD VII LLC	AT COST	535,526	535,526
DRA GROWTH AND INCOME FUND VIII LLC	AT COST	2,524,212	2,524,212
EIG ENERGY FUND XV LP	AT COST	375,303	375,303
ENERGY CAP MEZZANINE OPPORT FD B	AT COST	355,508	355,508
EUROPEAN BUY-OUT OPP II, LP	AT COST	112,292	112,292
EUROPEAN STRATEGIC PTNRS II 'B'	AT COST	17,816	17,816
EXCELSIOR CAPITAL ASIA III, LP	AT COST	68,844	68,844
EXCELSIOR CAPITAL ASIA IV LP	AT COST	389,836	389,836
FLEXICAT REINSURANCE PARTNERS LP	AT COST	3,000,000	3,259,375
FRANCISCO PARTNERS IV-A	AT COST	4,776,145	4,776,145
FRANCISCO PARTNERS V-B LP	AT COST	1,669,995	1,669,995
FRAZIER HLTHCARE GROWTH BUYOUT IX PV	AT COST	1,525,866	1,525,866
GLOBAL TIMBER INVESTORS 10	AT COST	1,339,096	1,339,096
GUIDEPOST GROWTH EQUITY I LP	AT COST	80,548	80,548
HARBERT EUROPEAN RE FD V (SCOTLAND)	AT COST	487,759	487,759
INDUSTRY VENTURES PRTNRS HLDGS V	AT COST	1,301,680	1,301,680
INDUSTRY VENTURES TECH BUYOUT	AT COST	525,934	525,934
INSTITUTIONAL VENTURE PARTNERS XIV	AT COST	1,339,853	1,339,853
INSTITUTIONAL VENTURE PARTNERS XV LP	AT COST	3,891,634	3,891,634
INSTITUTIONAL VENTURE PRTNRS XVI	AT COST	2,351,060	2,351,060
INVESCO BALANCED-RISK COMMODITY STRATEFY FUND	AT COST	15,537,345	16,083,303
KINDERHOOK CAPITAL FUND II LP	AT COST	140,727	140,727
KINDERHOOK CAPITAL FUND III	AT COST	886,701	886,701
KINDERHOOK CAPITAL FUND LP	AT COST	34,809	34,809
KSL CAPITAL PARTNERS V TE	AT COST	382,946	382,946
LONE STAR FUND VIII (US) LP	AT COST	490,458	490,458
LYME FOREST FD IV TE LP	AT COST	2,867,922	2,867,922
LYME FOREST FUND V FB TAX-EXEMPT LP	AT COST	3,113,678	3,113,678
MERCED PARTNERS IV LP	AT COST	632,599	632,599
METROPOLITAN RE PTNRS INT'L II	AT COST	114,951	114,951
MILL CITY FUND LP	AT COST	475,595	475,595
NEW BOSTON INSTITUTIONAL VII	AT COST	1	1
NEWFOUNDLAND TERRANOVA FUND	AT COST	2,500,000	2,645,532
NGP NATURAL RESOURCES X, LP	AT COST	310,856	310,856
NGP NATURAL RESOURCES XI LP	AT COST	2,570,477	2,570,477
NORTH BRIDGE VENTURE PTNRS IV	AT COST	163,008	163,008
NORTH BRIDGE VENTURE PTNRS IV- A	AT COST	82,960	82,960
NORTH BRIDGE VENTURE PTNRS V	AT COST	609,180	609,180
NORTH BRIDGE VENTURE PTNRS V-A	AT COST	91,687	91,687
NORTH BRIDGE VENTURE PTNRS VI	AT COST	614,771	614,771
NORTH BRIDGE VENTURE PTNRS VII	AT COST	803,991	803,991
NORTH ROCK FUND LTD	AT COST	4,000,000	4,675,249
NORTHERN SHIPPING III OFFSHORE	AT COST	1,154,879	1,154,879
NORTHSTAR MEZZANINE PTNRS III	AT COST	636	3,713
NORTHSTAR MEZZANINE PTNRS V	AT COST	457,194	457,194
OAKTREE MEZZANINE FUND III LP	AT COST	3,968	3,968
OCM ASIA PRINCIPAL OPP FUND, LP	AT COST	15,142	15,142
OCTAGON CLO OPPORT III - OFFSHORE	AT COST	1,408,568	1,408,568
ORBIMED ASIA PARTNERS III LP	AT COST	2,368,660	2,368,660
ORBIMED ASIA PARTNERS IV	AT COST	507,682	507,682
PORT ADV SECONDARY FD IV (OFFSHORE)	AT COST	205,571	205,571
PORTFOLIO ADV SECONDARY II OFFSHORE	AT COST	453,085	453,085
PORTFOLIO ADV SECONDARY III OFFSHORE	AT COST	2,085,104	2,085,104
PORTFOLIO ADVISORS PRIV EQ III	AT COST	150,644	183,792
PORTFOLIO ADVISORS SECONDARY FD	AT COST	216,214	216,214
PRIME FINANCE SHORT DUR VI	AT COST	2,032,257	2,032,257
RESOURCE CAPITAL FUND VII LP	AT COST	1,325,657	1,325,657
ROSE GROVE OFFSHORE FD I LTD	AT COST	4,000,000	4,702,682
SPF SECURITIZED PRODUCTS FUND LTD	AT COST	4,500,000	4,690,494
SPRUCEGROVE DELAWARE TRUST INTERNATIONAL INVESTMENT FUND	AT COST	7,156,472	16,057,073
STERLING INVESTMENT PARTNERS III LP	AT COST	1,783,860	1,783,860
STRATEGIC PARTNERS FD OFFSHORE VIII	AT COST	699,985	699,985
STRATEGIC PARTNERS OFFSHORE FD VII	AT COST	2,241,521	2,241,521
STRATEGIC VALUE RESTRUCTURING LTD	AT COST	4,000,000	4,180,787
TCV V LP	AT COST	121,253	121,253
TCV VI LP	AT COST	20,112	33,399
TCV VII LP	AT COST	796,648	796,648
THE LYME FOREST FD III, LP TAX-EXEMPT	AT COST	663,983	663,983
THOMAS, MCNERNEY & PTNRS	AT COST	251,186	251,186
THOMAS, MCNERNEY & PTNRS II	AT COST	155,027	155,027
TIG ARBITRAGE ENHANCED LTD SER 2	AT COST	4,000,000	4,425,061
TOOLE CO., MONTANA, UNK RI	AT COST	1	1,716
TRAILHEAD FUND, LP	AT COST	1,273,206	1,273,206
US VENTURE PARTNERS VII	AT COST	116,698	116,698
US VENTURE PARTNERS IX LP	AT COST	192,830	192,830
US VENTURE PARTNERS VIII, LP	AT COST	73	73
US VENTURE PARTNERS X, LP	AT COST	1,023,764	1,023,764
VARDE EUROPEAN REAL ESTATE FEEDER FD	AT COST	581,079	581,079
VCFA PRIV EQ PTNRS IV	AT COST	150,106	150,106
VCFA VENTURE PTNRS V	AT COST	285,137	285,137
WCP REAL ESTATE FUND III LP	AT COST	1,576,933	1,576,933
WGI EMERGING MARKETS FUND LLC	AT COST	6,135,089	12,040,705

- TIN:

TY 2020 LegalFeesSchedule

Name:

C K BLANDIN RESIDUARY TRUST

C/O WELLS FARGO

EIN:

41-6012374

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL	50,958	0		50,958

- TIN:

TY 2020 OtherExpensesSchedule

Name:

C K BLANDIN RESIDUARY TRUST

C/O WELLS FARGO

EIN:

41-6012374

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
MISCELLANEOUS EXPENSES	9,834	52,622	0
MN AG FILING FEE	25	0	25
CA FILING FEE	10	0	10
INSURANCE	37,083	0	0

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

C K BLANDIN RESIDUARY TRUST

C/O WELLS FARGO

EIN:

41-6012374

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
PARTNERSHIP INCOME		1,066,755
TAX RECLAIMS	2,494	0	2,494
OTHER INCOME	92,542	0	92,542
PARTNERSHIP INCOME - UBI		186,983
EURO SPOT	3,434	3,434	3,434
ROYALTY INCOME - SOMONT	365	0	365
STATE TAX REFUNDS	28,019	0	28,019

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

C K BLANDIN RESIDUARY TRUST

C/O WELLS FARGO

EIN:

41-6012374

Description	Amount
CARRYING VALUE ADJUSTMENTS	3,894,541

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

C K BLANDIN RESIDUARY TRUST

C/O WELLS FARGO

EIN:

41-6012374

Category	Amount	Net Investment Income
INVESTMENT MANAGEMENT FEES - REINHART	79,177	79,177
INVESTMENT MANAGEMENT FEES - TIMES SQUARE CAPITAL	99,613	99,613
INVESTMENT MANAGEMENT FEES - KAYNE ANDERSON RUDNIK	36,421	36,421
INVESTMENT MANAGEMENT FEES - PRINCIPAL GLOBAL INVESTORS	11,019	11,019
INVESTMENT MANAGEMENT FEES - WGI EMERGING MARKETS	110,649	110,649
INVESTMENT MANAGEMENT FEES - SPRUCEGROVE	78,483	78,483
CONSULTANT FEES - DEMARCHE	60,000	60,000
INVESTMENT MANAGEMENT FEES - HARDING LOEVNER LP	55,236	55,236

- TIN:

TY 2020 TaxesSchedule

Name:

C K BLANDIN RESIDUARY TRUST

C/O WELLS FARGO

EIN:

41-6012374

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	49,777	221,179		0
FEDERAL AND STATE TAXES	347,739	0		0