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
CHANGE HAPPENS FOUNDATION
A DELAWARE NONPROFIT ORGANIZATION
Number and street (or P.O. box number if mail is not delivered to street address)7840 SW ELLMAN LANE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PORTLAND, OR97224
A Employer identification number

20-5222620
B Telephone number (see instructions)

(720) 346-4948
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$18,728,184J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 281,811 281,811  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 828,424
b Gross sales price for all assets on line 6a 7,828,480
7 Capital gain net income (from Part IV, line 2)... 828,424
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).......      
12 Total. Add lines 1 through 11........ 1,110,235 1,110,235  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 191,658 0   191,658
14 Other employee salaries and wages...... 116,865 0   116,865
15 Pension plans, employee benefits....... 10,422 0   10,422
16a Legal fees (attach schedule)......... Click to see attachment 4,267 0   4,267
b Accounting fees (attach schedule)....... Click to see attachment 28,808 0   28,808
c Other professional fees (attach schedule).... Click to see attachment 181,099 158,099   23,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 41,949 3,370   20,579
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 110,143 96,752   13,391
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 685,211 258,221   408,990
25 Contributions, gifts, grants paid....... 1,113,400 1,113,400
26 Total expenses and disbursements. Add lines 24 and 25 1,798,611 258,221   1,522,390
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -688,376
b Net investment income (if negative, enter -0-) 852,014
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.............      
2 Savings and temporary cash investments......... 298,341 794,708 794,708
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).......      
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).......... 19,240,937 Click to see attachment17,933,476 17,933,476
14 Land, buildings, and equipment: basis bullet2,088
Less: accumulated depreciation (attach schedule) bullet2,088      
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 19,539,278 18,728,184 18,728,184
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 19,539,278 18,728,184
29 Total net assets or fund balances (see instructions)..... 19,539,278 18,728,184
30 Total liabilities and net assets/fund balances (see instructions). 19,539,278 18,728,184
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
19,539,278
2
Enter amount from Part I, line 27a .....................
2
-688,376
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
18,850,902
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
122,718
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
18,728,184
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 FROM K-1'S P    
b FROM K-1'S P    
c PUBLICLY TRADED SECURITIES      
d CAPITAL GAINS DISTRIBUTIONS P    
e ASPECT US HEDGE PTSHP - GAIN ON TERMINATION 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     32,492 -32,492
b 16,970     16,970
c 7,747,861   6,967,564 780,297
d 58,724     58,724
e 4,925     4,925
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       -32,492
b       16,970
c       780,297
d       58,724
e       4,925
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 2 828,424
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 11,843
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 11,843
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 11,843
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 18,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 18,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 6,157
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet6,157 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)
    bulletDE
    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 addressbulletCHANGEHAPPENS.US
    14
    The books are in care ofbulletTINA TROXEL Telephone no.bullet (720) 346-4948

    Located atbullet7840 SW ELLMAN LANEPORTLANDOR ZIP+4bullet97224
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........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
    DOUGLAS D TROXEL PRESIDENT & CEO
    1.00     		0 0 0
    7840 SW ELLMAN LANE
    PORTLAND,OR97224
    MICHAEL DOUGLAS TROXEL CFO
    30.00     		185,658 5,172 0
    7840 SW ELLMAN LANE
    PORTLAND,OR97224
    SERGEI GEORGE TROXEL SECRETARY
    1.00     		2,000 0 0
    7840 SW ELLMAN LANE
    PORTLAND,OR97224
    KENNETH D TROXEL DIRECTOR (THRU 06/2020)
    1.00     		2,000 0 0
    7840 SW ELLMAN LANE
    PORTLAND,OR97224
    KRISTIN D NONG DIRECTOR
    1.00     		2,000 0 0
    7840 SW ELLMAN LANE
    PORTLAND,OR97224
    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
    CHRISTINA TROXEL DIRECTOR OF COMMUNIC
    40.00     		116,865 5,250 0
    7840 SW ELLMAN LANE
    PORTLAND,OR97224
    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
    WELLS FARGO CLEARING SERVICES LLC INVESTMENT MGMT 158,099
    2801 MARKET STREET
    SAINT LOUIS,MO63103
    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
    17,301,786
    b
    Average of monthly cash balances.......................
    1b
    368,981
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    17,670,767
    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
    17,670,767
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    265,062
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    17,405,705
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    870,285
    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
    870,285
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    11,843
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    11,843
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    858,442
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    858,442
    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
    858,442
    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
    1,522,390
    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
    1,522,390
    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
    1,522,390
    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 7 858,442
    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...... 36,625
    c From 2017......  
    d From 2018...... 580,560
    e From 2019...... 507,006
    fTotal of lines 3a through e........ 1,124,191
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,522,390
    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..... 858,442
    e Remaining amount distributed out of corpus 663,948
    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 1,788,139
    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 ......     		1,788,139
    10 Analysis of line 9:
    a Excess from 2016.... 36,625
    b Excess from 2017....  
    c Excess from 2018.... 580,560
    d Excess from 2019.... 507,006
    e Excess from 2020.... 663,948
    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 e-mail address of the person to whom applications should be addressed:
    MICHAEL D TROXEL
    PO BOX 25327
    PORTLAND,OR97298
    (720) 346-4948
    MDT@CHANGEHAPPENS.US
    bThe form in which applications should be submitted and information and materials they should include:
    THERE ARE TWO STEPS WHEN APPLYING FOR A GRANT FROM THE CHANGE HAPPENS FOUNDATION. STEP ONE: LETTER OF INQUIRY THE APPLICATION PROCESS TO THE CHANGE HAPPENS FOUNDATION BEGINS WITH AN INITIAL LETTER OF INQUIRY WHICH IS REQUIRED TO DETERMINE WHETHER THE FOUNDATIONS CURRENT INTERESTS AND BUDGET ALLOW CONSIDERATION OF THE GRANTSEEKERS REQUEST. ONLINE FORM THEY ASK THAT ALL APPLICANTS COMPLETE AND SUBMIT OUR ONLINE LETTER OF INQUIRY FORM PROVIDING BASIC ORGANIZATIONAL AND PROJECT INFORMATION. THEIR WEB ADDRESS IS WWW.CHANGEHAPPENS.US DOWNLOAD AND MAIL IF YOU ARE UNABLE TO COMPLETE AND SUBMIT YOUR LETTER OF INQUIRY ONLINE, PLEASE DOWNLOAD AND MAIL THE LETTER OF INQUIRY FORM. STEP TWO: PROPOSAL IF YOUR LETTER OF INQUIRY IS ACCEPTED FOR FURTHER CONSIDERATION, YOU WILL BE ASKED TO SUBMIT A FORMAL GRANT PROPOSAL. PLEASE DO NOT SUBMIT A PROPOSAL WITHOUT AN INVITATION TO APPLY.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE CHANGE HAPPENS FOUNDATION WILL CONSIDER DIRECTING RESOURCES TO ACTIVITIES OR PROGRAM-RELATED INVESTMENTS THAT ARE WITHIN THE FOUNDATIONS MISSION AND BUDGET LIMITATIONS. GRANTS FOR RELIGIOUS ACTIVITIES, GRADUATE OR UNDERGRADUATE SCHOLARSHIPS WILL NOT BE REVIEWED. ACTIVITIES SUPPORTED BY GRANTS MUST BE CHARITABLE, EDUCATIONAL, LITERARY, OR SCIENTIFIC, AS DEFINED UNDER THE APPROPRIATE PROVISIONS OF THE U.S. INTERNAL REVENUE CODE AND TREASURY REGULATIONS. THE FOUNDATION MONITORS GRANTS THROUGH REGULAR FINANCIAL AND NARRATIVE REPORTS SUBMITTED BY THE GRANTEE.
    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
    COASTAL ROOTS FARM
    441 SAXONY RD
    ENCINITAS,CA92024     		N/A PC CHARITABLE 10,000
    SPOONS ACROSS AMERICA
    630 9TH AVENUE STE 212
    NEW YORK,NY10036     		N/A PC CHARITABLE 5,000
    IOWA CITIZENS FOR COMMUNITY IMPROVEMENT
    2001 FOREST AVE
    DES MOINES,IA50311     		N/A PC CHARITABLE 20,000
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    77 MASSACHUSETTS AVE NE49-31
    CAMBRIDGE,MA02139     		N/A PC CHARITABLE 150,000
    MEDIA MATTERS FOR AMERICA
    PO BOX 52155
    WASHINGTON,DC20091     		N/A PC CHARITABLE 100,000
    PLANNED PARENTHOOD OF THE GREAT NORTHWEST AND THE HAWAIIAN ISLANDS
    2001 EAST MADISON STREET
    SEATTLE,WA98122     		N/A PC CHARITABLE 100,000
    RAINFOREST CONNECTION
    77 VAN NESS AVENUE
    SAN FRANCISCO,CA94102     		N/A PC CHARITABLE 150,000
    SECOND HARVEST HEARTLAND
    7101 WINNETKA AVE N
    BROOKLYN PARK,MN55428     		N/A PC CHARITABLE 20,000
    STEWART MEMORIAL COMMUNITY HOSPITAL
    1301 W MAIN ST
    LAKE CITY,IA51449     		N/A PC CHARITABLE 28,400
    COMMUNITY ACTION WORKS
    294 WASHINGTON ST STE 500
    BOSTON,MA02108     		N/A PC CHARITABLE 15,000
    VIDA VERDE NATURE EDUCATION
    3540 LA HONDA RD
    SAN GREGORIO,CA94074     		N/A PC CHARITABLE 15,000
    WORDS ALIVE
    5111 SANTA FE ST SUITE 219
    SAN DIEGO,CA92109     		N/A PC CHARITABLE 5,000
    CITY HARVEST
    6 EAST 32ND STREET 5TH FLOOR
    NEW YORK,NY10016     		N/A PC CHARITABLE 40,000
    WORLD CENTRAL KITCHEN
    1342 FLORIDA AVENUE NW
    WASHINGTON,DC20009     		N/A PC CHARITABLE 200,000
    COMMON THREADS
    PO BOX 163930
    AUSTIN,TX78716     		N/A PC CHARITABLE 30,000
    EVERYBODY SOLAR INC
    31995 DANE CT
    TEMECULA,CA92591     		N/A PC CHARITABLE 30,000
    SAN FRANCISCO FOOD BANK
    900 PENNSYLVANIA
    SAN FRANCISCO,CA94103     		N/A PC CHARITABLE 25,000
    350ORG
    PO BOX 843004
    BOSTON,MA02284     		N/A PC CHARITABLE 10,000
    DISCOVERY CENTER OF IDAHO
    131 MYRTLE ST
    BOISE,ID83702     		N/A PC CHARITABLE 5,000
    KANSAS CITY COMMUNITY GARDENS
    6917 KENSINGTON
    KANSAS CITY,MO64132     		N/A PC CHARITABLE 10,000
    THE MOSAIC PROJECT
    478 SANTA CLARA AVE STE 200
    OAKLAND,CA94610     		N/A PC CHARITABLE 10,000
    TWO BIT CIRCUS FOUNDATION
    12815 S WESTERN AVE
    GARDENA,CA90249     		N/A PC CHARITABLE 5,000
    UNIVERSITY OF HAWAII FOUNDATION
    PO BOX 11270
    HONOLULU,HI96828     		N/A PC CHARITABLE 20,000
    UPSTREAM
    PO BOX 1352
    DAMARISCOTTA,ME04543     		N/A PC CHARITABLE 10,000
    VOTEORG
    4096 PIEDMONT AVE 368
    OAKLAND,CA94611     		N/A PC CHARITABLE 100,000
    Total .................................bullet 3a 1,113,400
    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 ...........     		         
    4 Dividends and interest from securities....     14 281,811  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 828,424  
    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 1,110,235 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,110,235
    (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:
    CHANGE HAPPENS FOUNDATION
     
    A DELAWARE NONPROFIT ORGANIZATION
    EIN:
    20-5222620
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 28,808 0   28,808

    TY 2020 InvestmentsOtherSchedule2
    Name:
    CHANGE HAPPENS FOUNDATION
     
    A DELAWARE NONPROFIT ORGANIZATION
    EIN:
    20-5222620
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    RBC 3YR MLS AUTO-CALLABLE LNKD TO SX5E FMV 271,025 271,025
    WFC 3YR MLS AUTO-CALLABLE LNKD TO XLE FMV 82,800 82,800
    ABBEY CAPITAL MULTI-MNGR FUND LTD C SHS FMV 670,846 670,846
    MILLBURN MULTI-MARKETS FUND LP SER A FMV 689,621 689,621
    RIVERSIDE CAPITAL APPRECIATION VII ASP FMV 307,362 307,362
    ASPECT US HEDGEFOCUS FUND LP SERIES 4 FMV 245,777 245,777
    MILLENNIUM INTERNATIONAL HEDGEFOCUS FD LTD SER 2 FMV 536,023 536,023
    RIVERSIDE CAPITAL APPRECIATION VII ASP FMV 76,200 76,200
    CANYON BALANCED ASP FUND CLASS AE-U FMV 675,386 675,386
    PB STRATEGIC PARTNERS OFFSHORE FEEDER VI LP FMV 166,052 166,052
    CARLYLE REALTY PARTNERS VII ASP FD CLASS AE-U FMV 108,244 108,244
    CARLYLE REALTY PARTNERS VIII ASP INITIAL FMV 70,800 70,800
    ACCENTURE PLC IRELAND SHARES CLASS A FMV 23,509 23,509
    ADYEN N V ADR ADYEY FMV 14,894 14,894
    AIA GROUP LTD SPONSORED ADR AAGIY FMV 29,675 29,675
    ALCON INC ORD SH ALC FMV 16,759 16,759
    AMADEUS IT GROUP SA ADR UNSPONSORED ADR FMV 16,831 16,831
    AON PLC SHS CL A AON FMV 10,986 10,986
    ASML HOLDING NV NY REGISTRY SHS NEW 2012-ASML FMV 27,800 27,800
    ATLAS COCOP AB SPON ADR NEW REPSTG SER A FMV 16,346 16,346
    CANADIAN PACIFIC RAILWAY LTD FMV 24,962 24,962
    CSL LTD-SPONSORED ADR CSLLY FMV 25,995 25,995
    DSV A/S UNSP ADR DSDVY FMV 21,845 21,845
    EXPERIAN PLC ADR FMV 23,459 23,459
    FERRARI NV NEW RACE FMV 13,312 13,312
    HDFC BANK LTD-ADR HDB FMV 25,508 25,508
    ICON PLC ICLR FMV 8,579 8,579
    IHS MARKIT LTD INFO FMV 10,780 10,780
    LONZA GROUP AG-UNSP ADR LZAGY FMV 17,109 17,109
    LULULEMON ATHLETICA INC LULU FMV 19,142 19,142
    LVMH MOET HENNESSY LOUIS VUITTON FMV 25,071 25,071
    MERCADOLIBRE INC MELI FMV 38,530 38,530
    METTLER-TOLEDO INTL IN MTD FMV 14,816 14,816
    NESTLE S A REG ADR NSRGY FMV 17,317 17,317
    PERNOD-RICARD SA-UNSPON ADR FMV 12,464 12,464
    RESMED INC RMD FMV 21,894 21,894
    SHOPIFY INC CL A SHOP FMV 18,111 18,111
    SIKA AG-BR ADR SXYAY FMV 15,358 15,358
    SMITH & NEPHEW PLC ADR SNN FMV 14,506 14,506
    STERIS PLC ORD SHS FMV 15,163 15,163
    TAIWAN SEMICONDUCTOR MFG CO LTD ADR FMV 35,002 35,002
    TENCENT HOLDINGS LTD-UNSP ADR FMV 16,031 16,031
    ALPS TR ETF ALERIAN MLP NEW AMLP FMV 89,964 89,964
    INVESCO TR II ETF PFD FMV 542,798 542,798
    ISHARES ETF PFD & INCOME SECS PFF FMV 320,788 320,788
    ISHARES JP MORGAN ETF USD EMERGING MAKETS BOND EMB FMV 389,458 389,458
    SPDR BLOOMBERG ETF BARCLAYS SHORT TERM HIGH YIELD BOND ETF SJNK FMV 192,962 192,962
    SPDR GOLD TRUST ETF GLD FMV 428,064 428,064
    SPDR PORTFOLIO ETF INTERMEDIATETERM SPIB FMV 1,339,038 1,339,038
    SPDR PORTFOLIO ETF MORTGAGE BACKED BOND SPMB FMV 698,413 698,413
    VANGUARD INDEX FDS ETF S&P 500 ETF SHS NEW FMV 891,876 891,876
    VANGUARD MID CAP ETF VO FMV 333,934 333,934
    FNMA PASS THRU POOL 725946 DTD 10/01/04 FMV 5,959 5,959
    FNMA PASS THRU POOL 995084 DTD 11/01/08 FMV 11,832 11,832
    AB GLOBAL BOND FD ADVISOR CL ANAYX FMV 468,460 468,460
    BAIRD FDS INC AGGREGATE BD FD INSTL FMV 608,646 608,646
    BLACKROCK STRATEGIC GLOBAL BD FD INC FMV 306,441 306,441
    BLACKROCK EQUITY DIVIDEND FD CL I FMV 172,300 172,300
    BLACKROCK EVENT DRIVEN EQUITY FUND INSTL BILPX FMV 167,841 167,841
    FIRST EAGLE FUNDS SOGEN OVERSEAS FUND CL I SGOIX FMV 152,295 152,295
    GOLDMAN SACHS TR FINL SQUARE TREAS INSTRS FMV 570,066 570,066
    INVESCO FMV 371,259 371,259
    MFS CORE EQUITY FUND FMV 507,426 507,426
    MFS INTERNATIONAL DIVERSIFICATION FUND FMV 329,348 329,348
    GUGGENHEIM FDS TR LTD DURATION FD INSTL CL FMV 765,569 765,569
    JPMORGAN TR II LARGE CAP GROWTH FUND FMV 517,859 517,859
    PRINCIPAL FDS INC HIGH YIELD FD INSTL CL FMV 435,885 435,885
    WESTERN ASSET FDS INC CORE BD FUND INSTL CL FMV 681,926 681,926
    ALBANY INTERNATIONAL CORP NEW CLASS A AIN FMV 15,785 15,785
    ANIKA THERAPEUTICS INC ANIK FMV 8,373 8,373
    ARMSTRONG WORLD INDUSTRIES AWI FMV 14,060 14,060
    BADGER METER INC BMI FMV 7,525 7,525
    BANK OF HAWAII CORP BOH FMV 14,098 14,098
    BROOKS AUTOMATION INC NEW BRKS FMV 22,798 22,798
    CDW CORPORATION OF DELAWARE CDW FMV 10,411 10,411
    CHEESECAKE FACTORY INC CAKE FMV 18,382 18,382
    CONSTRUCTION PARTNERS INC CL A FMV 9,519 9,519
    CORELOGIC INC CLGX FMV 19,562 19,562
    EVERTEC INC EVTC FMV 15,453 15,453
    FIRST FINL BANKSHARESINC FFIN FMV 14,579 14,579
    GRACO INCORPORATED COM GGG FMV 18,088 18,088
    HOULIHAN LOKEY INC CL A HLI FMV 19,967 19,967
    JACK HENRY & ASSOC INC JKHY FMV 9,071 9,071
    JOHN BEAN TECHNOLOGIES CORP JBT FMV 11,387 11,387
    LANDSTAR SYSTEMS INC LSTR FMV 15,082 15,082
    LESLIE'S INC LESL FMV 11,156 11,156
    MGM GROWTH PROPERTIES LLC-A FMV 18,154 18,154
    NATIONAL BEVERAGE CORP FIZZ FMV 22,414 22,414
    PRIMERICA INC PRI FMV 14,063 14,063
    R L I CORP RLI FMV 13,956 13,956
    RBC BEARINGS INC ROLL FMV 18,620 18,620
    SCOTTS MIRACLE-GRO CO CLASS A FMV 34,850 34,850
    SITEONE LANDSCAPE SUPPLY INC FMV 30,933 30,933
    TERMINIX GLOBAL HLDGS INC FMV 21,271 21,271
    THOR INDUSTRIESTHO FMV 15,901 15,901
    UNIFIRST CORP UNF FMV 11,220 11,220
    WATSCO INC WSO FMV 19,257 19,257
    WD-40 COMPANY COMMON WDFC FMV 17,269 17,269
    AGILENT TECH INC FMV 2,014 2,014
    AIR PRODUCTS & CHEMICALS INC FMV 4,372 4,372
    ANSS FMV 13,824 13,824
    AON PLC SHS CL A FMV 5,070 5,070
    ARCH CAP GROUP LTD FMV 10,064 10,064
    AUTODESK INC ADSK FMV 21,068 21,068
    BLACK KNIGHT INC FMV 17,847 17,847
    BRIGHT HORIZONS FAMILY SOLUTIONS INC DEL FMV 3,633 3,633
    BROOKFIELD INFRASTRUCTURE CORP COM FMV 9,761 9,761
    BROOKFIELD ASSET MANGMNT FMV 30,086 30,086
    BROOKFIELD PPTY REIT INC FMV 1,300 1,300
    BROOKFIELD RENEWABLE CORP CL A SUB VTG FMV 932 932
    BROWN AND BROWN INC COM FMV 9,577 9,577
    BROWN-FORMAN CORP CL B FMV 3,892 3,892
    CANNAE HOLDINGS INC FMV 1,549 1,549
    CARMAX INC FMV 19,459 19,459
    CBRE GROUP INC CLASS A FMV 13,798 13,798
    COGNEX CORP FMV 1,365 1,365
    COLFAX CORP FMV 2,486 2,486
    COPART INC FMV 21,378 21,378
    COSTAR GROUP INC FMV 15,713 15,713
    CREDIT ACCEPTANCE CORP FMV 9,346 9,346
    DOLLAR GENERAL CORP FMV 3,575 3,575
    DOMINO'S PIZZA INC FMV 8,820 8,820
    EQUINIX INC FMV 7,142 7,142
    FASTENAL CO FMV 9,278 9,278
    FIRST REPUBLIC BANK FMV 6,024 6,024
    FNF GROUP FMV 9,264 9,264
    GARTNER INC NEW FMV 12,174 12,174
    GUIDEWIRE SOFTWARE INC FMV 10,813 10,813
    HEICO CORP NEW FMV 8,662 8,662
    HILTON WORLDWIDE FMV 18,024 18,024
    HOWARD HUGHES CORP FMV 5,683 5,683
    HYATT HOTELS CORP FMV 4,752 4,752
    IDEXX LABORATORIES INC FMV 9,997 9,997
    IHS MARKIT LTD FMV 9,881 9,881
    KENNEDY-WILSON HOLDINGS FMV 3,363 3,363
    KKR & CO INC FMV 20,731 20,731
    LENNAR CORPORATION FMV 9,300 9,300
    LIBERTY BROADBAND CORP COM SER C FMV 17,104 17,104
    LIBERTY BROADBAND CORP COM SER A FMV 3,940 3,940
    LIBERTY MEDIA CORP DEL COM SER C SIRIUSXM GROUP FMV 4,612 4,612
    LIBERTY MEDIA CORP DEL COM SER A SIRIUSXM GRP FMV 1,771 1,771
    LIBERTY MEDIA CORP LIBERTY MEDIA CL C FMV 6,220 6,220
    LIBERTY MEDIA CORP LIBERTY SER A FMV 456 456
    LIVE NATION ENTERTAINMENT INC FMV 9,993 9,993
    M & T BANK CORP FMV 2,419 2,419
    MARKEL CORP FMV 15,500 15,500
    MARTIN MARIETTA FMV 8,803 8,803
    METTLER-TOLEDO INTL IN FMV 11,397 11,397
    MICROCHIP TECHNOLOGY INC FMV 12,568 12,568
    MOODY'S CORP FMV 6,676 6,676
    MOTOROLA SOLUTIONS INC FMV 6,972 6,972
    MSCI INC FMV 7,144 7,144
    O'REILLY AUTOMOTIVE INC FMV 16,745 16,745
    PROGRESSIVE CORP OHIO FMV 5,043 5,043
    REALPAGE INC FMV 9,945 9,945
    RESTAURANT BRANDS FMV 11,733 11,733
    ROPER TECHNOLOGIES FMV 12,933 12,933
    ROSS STORES INC FMV 5,649 5,649
    S&P GLOBAL INC FMV 3,287 3,287
    SBA COMMUNICATIONS CORP FMV 18,621 18,621
    SLACK TECHNOLOGIES FMV 4,689 4,689
    SQUARE INC-A FMV 4,570 4,570
    SUMMIT MATERIALS INC FMV 2,831 2,831
    TRANSDIGM GROUP INC FMV 32,180 32,180
    TRANSUNION FMV 10,517 10,517
    TYLER TECHNOLOGIES INC FMV 6,548 6,548
    VAIL RESORTS INC FMV 11,995 11,995
    VERISIGN INC FMV 13,200 13,200
    VERISK ANALYTICS INC FMV 10,380 10,380
    VORNADO REALTY TR FMV 1,344 1,344
    VULCAN MATERIALS COMPANY FMV 16,907 16,907
    WIX.COM LTD FMV 15,997 15,997
    ACTIVISION BLIZZARD INC FMV 12,720 12,720
    AKAMAI TECH INC FMV 12,704 12,704
    ALPHABET INC NON VOTING FMV 19,271 19,271
    APTIV PLC FMV 10,553 10,553
    AUTOZONE INC FMV 3,556 3,556
    BALL CORP FMV 7,920 7,920
    BOSTON SCIENTIFIC CORP FMV 7,298 7,298
    BRISTOL MYERS SQUIBB FMV 12,344 12,344
    BROADRIDGE FINANCIAL SOLUTIONS FMV 8,273 8,273
    CAPITAL ONE FINANCIAL FMV 12,851 12,851
    CBRE GROUP INC CLASS A FMV 9,345 9,345
    CDK GLOBAL HOLDINGS FMV 7,930 7,930
    CERNER CORP FMV 12,086 12,086
    CISCO SYSTEMS INC FMV 8,592 8,592
    COMCAST CORP NEW CL A FMV 15,248 15,248
    DANAHER CORP FMV 16,216 16,216
    DISCOVERY INC C FMV 4,845 4,845
    FEDEX CORPORATION FMV 11,423 11,423
    FISERV INC FMV 13,777 13,777
    FLIR SYSTEMS INC FMV 5,128 5,128
    F5 NETWORKS INC FMV 14,779 14,779
    GENL DYNAMICS CORP FMV 3,869 3,869
    GILEAD SCIENCES INC FMV 4,661 4,661
    HCA HEALTHCARE INC FMV 15,459 15,459
    HOLOGIC INC FMV 15,003 15,003
    INTUIT INC FMV 15,194 15,194
    LENNAR CORPORATION FMV 9,224 9,224
    NXP SEMICONDUCTORS NV FMV 17,650 17,650
    PTC INC FMV 13,875 13,875
    RACKSPACE TECHNOLOGY INC FMV 7,395 7,395
    SCHWAB CHARLES CORP NEW FMV 10,661 10,661
    UNITEDHEALTH GROUP FMV 17,534 17,534
    VERISK ANALYTICS INC FMV 13,286 13,286
    ABBVIE INC FMV 15,965 15,965
    ANTA SPORTS PRODUCTS LTD FMV 19,557 19,557
    ATLAS COCOP AB FMV 8,888 8,888
    BANKUNITED INC FMV 5,704 5,704
    BARCLAYS PLC ADR FMV 12,760 12,760
    BRITISH AMERN TOB PLC FMV 21,782 21,782
    CITIZENS FINANCIAL GRP FMV 11,229 11,229
    COMPUTERSHARE LTD-SPONS FMV 7,083 7,083
    CUMMINS INC FMV 19,985 19,985
    D R HORTON INC FMV 13,715 13,715
    DIAMONDBACK ENERGY INC FMV 15,972 15,972
    DOMINION ENERGY INC FMV 11,280 11,280
    ECOPETROL SA-SPON ADR FMV 8,340 8,340
    FERGUSON PLC SPON ADR FMV 9,809 9,809
    FLUTTER ADR ENTERTAINMENT PLC FMV 20,547 20,547
    FORTESCUE METALS GROUP FMV 11,461 11,461
    GRUPO FINANCIERO BANORTE FMV 10,082 10,082
    HEXAGON AB ADR FMV 10,425 10,425
    HUBBELL INC FMV 19,128 19,128
    IMPERIAL OIL LTD NEW FMV 6,756 6,756
    ING GROEP N V FMV 15,963 15,963
    JOHNSON & JOHNSON FMV 13,849 13,849
    JPMORGAN CHASE & CO FMV 27,320 27,320
    KB FINANCIAL GROUP INC FMV 10,336 10,336
    KLA CORP FMV 6,214 6,214
    KUMBA IRON ORE LTD ADR FMV 10,078 10,078
    LAM RESEARCH CORP FMV 6,612 6,612
    LAMAR ADVERTISING CO NEW FMV 7,323 7,323
    LEGGETT & PLATT INC FMV 10,632 10,632
    METLIFE INC FMV 10,282 10,282
    MMC NORILSK NICKEL ADR FMV 9,192 9,192
    NEXTERA ENERGY INC FMV 14,504 14,504
    ONO PHARMACEUTICALS CO FMV 12,878 12,878
    PERSIMMON PLC-UNSPON ADR FMV 24,324 24,324
    QUALCOMM INC FMV 8,379 8,379
    RELIANCE STEEL & ALUMINUM CO FMV 17,723 17,723
    ROCHE HOLDINGS LTD ADR FMV 10,653 10,653
    SALMAR ASA ADR FMV 4,838 4,838
    SANDVIK AB SPONSORED ADR FMV 11,090 11,090
    TAIWAN SEMICONDUCTOR FMV 24,861 24,861
    UNITEDHEALTH GROUP FMV 23,496 23,496
    VALVOLINE INC FMV 10,992 10,992
    VIACOMCBS INC FMV 18,592 18,592

    TY 2020 LegalFeesSchedule
    Name:
    CHANGE HAPPENS FOUNDATION
     
    A DELAWARE NONPROFIT ORGANIZATION
    EIN:
    20-5222620
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 4,267 0   4,267


    TY 2020 OtherDecreasesSchedule
    Name:
    CHANGE HAPPENS FOUNDATION
     
    A DELAWARE NONPROFIT ORGANIZATION
    EIN:
    20-5222620
    Description Amount
    NET UNREALIZED GAINS OR LOSSES ON INVESTMENTS 122,718


    TY 2020 OtherExpensesSchedule
    Name:
    CHANGE HAPPENS FOUNDATION
     
    A DELAWARE NONPROFIT ORGANIZATION
    EIN:
    20-5222620
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PORTFOLIO DEDUCTIONS 43,370 43,370   0
    TELEPHONE 1,257 0   1,257
    POSTAGE 583 0   583
    SUPPLIES 1,408 0   1,408
    DUES & MEMBERSHIP 5,398 0   5,398
    PAYROLL FEE 660 0   660
    SOFTWARE 1,646 0   1,646
    MISCELLANEOUS 175 0   175
    INVESTMENT INTEREST FROM K-1S 2,287 2,287   0
    INTERNET 1,698 0   1,698
    OTHER DEDUCTIONS FROM K-1S 51,095 51,095   0
    PENSION ADMIN FEES 566 0   566


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    CHANGE HAPPENS FOUNDATION
     
    A DELAWARE NONPROFIT ORGANIZATION
    EIN:
    20-5222620
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 158,099 158,099   0
    CONSULTING FEES 23,000 0   23,000


    TY 2020 TaxesSchedule
    Name:
    CHANGE HAPPENS FOUNDATION
     
    A DELAWARE NONPROFIT ORGANIZATION
    EIN:
    20-5222620
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 20,579 0   20,579
    FOREIGN TAX 3,370 3,370   0
    FEDERAL TAX 18,000 0   0