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
PRESTON-WERNER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)314 LYTTON AVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PALO ALTO, CA94301
A Employer identification number

83-2899018
B Telephone number (see instructions)

(650) 804-7100
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$63,705,071J 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) 27,597,185
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 924,771 924,771  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -58,240
b Gross sales price for all assets on line 6a 46,755,087
7 Capital gain net income (from Part IV, line 2)... 27,538,945
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........ 28,463,716 28,463,716  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 5,412 0   5,412
b Accounting fees (attach schedule)....... Click to see attachment 93,707 46,854   42,641
c Other professional fees (attach schedule).... Click to see attachment 121,776 121,776   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 511,499 14,499   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 4,820 0   4,800
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 737,214 183,129   52,853
25 Contributions, gifts, grants paid....... 3,359,000 3,359,000
26 Total expenses and disbursements. Add lines 24 and 25 4,096,214 183,129   3,411,853
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 24,367,502
b Net investment income (if negative, enter -0-) 28,280,587
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......... 27,685,165 1,905,779 1,905,779
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..........   31,343 31,343
10a Investments—U.S. and state government obligations (attach schedule) 254,476 Click to see attachment7,978,794 7,978,794
b Investments—corporate stock (attach schedule)....... 3,481,118 Click to see attachment41,677,958 41,677,958
c Investments—corporate bonds (attach schedule)....... 651,293 Click to see attachment12,037,217 12,037,217
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,880 Click to see attachment73,980 73,980
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 32,074,932 63,705,071 63,705,071
Liabilities 17 Accounts payable and accrued expenses.......... 8,425 16,871
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) Click to see attachment309,000 Click to see attachment281,000
23 Total liabilities (add lines 17 through 22)......... 317,425 297,871
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........... 31,757,507 63,407,200
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 31,757,507 63,407,200
30 Total liabilities and net assets/fund balances (see instructions). 32,074,932 63,705,071
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
31,757,507
2
Enter amount from Part I, line 27a .....................
2
24,367,502
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
7,282,191
4
Add lines 1, 2, and 3 ..........................
4
63,407,200
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
63,407,200
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 PUBLICLY TRADED SECURITIES P 2020-01-01 2020-12-31
b
c
d
e
(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 46,755,087   19,216,142 27,538,945
b
c
d
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       27,538,945
b
c
d
e
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 27,538,945
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................................ 1 393,100
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........................... 3 393,100
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- ..... 5 393,100
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 216,120
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 190,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 406,120
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 13,020
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet13,020 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)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletAPERCEN PARTNERS LLC Telephone no.bullet (650) 804-7100

    Located atbullet314 LYTTON AVEPALO ALTOCA ZIP+4bullet94301
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    THERESA PRESTON-WERNER CO-PRESIDENT/DIRECTOR
    0.40     		0 0 0
    314 LYTTON AVE
    PALO ALTO,CA94301
    THOMAS PRESTON-WERNER CO-PRESIDENT/DIRECTOR
    0.40     		0 0 0
    314 LYTTON AVE
    PALO ALTO,CA94301
    TOM VAN LOBEN SELS CFO/SECRETARY
    0.10     		0 0 0
    314 LYTTON AVE
    PALO ALTO,CA94301
    AUDREY K SCOTT SECRETARY THROUGH OCT 2020
    0.10     		0 0 0
    314 LYTTON AVE
    PALO ALTO,CA94301
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    GOLDMAN SACHS & CO LLC INVESTMENT MANAGEMENT 121,776
    200 WEST ST
    NEW YORK,NY10282
    APERCEN PARTNERS LLC ACCOUNTING & CONSULTING 62,375
    314 LYTTON AVE
    PALO ALTO,CA94302
    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
    37,502,297
    b
    Average of monthly cash balances.......................
    1b
    9,471,836
    c
    Fair market value of all other assets (see instructions)................
    1c
    73,980
    d
    Total (add lines 1a, b, and c).........................
    1d
    47,048,113
    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
    47,048,113
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    705,722
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    46,342,391
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,317,120
    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
    2,317,120
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    393,100
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    393,100
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,924,020
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,924,020
    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
    1,924,020
    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
    3,411,853
    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
    3,411,853
    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
    3,411,853
    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 1,924,020
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019...... 361,651
    fTotal of lines 3a through e........ 361,651
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 3,411,853
    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..... 1,924,020
    e Remaining amount distributed out of corpus 1,487,833
    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 1,849,484
    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 ......     		1,849,484
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019.... 361,651
    e Excess from 2020.... 1,487,833
    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).)
    THERESA PRESTON-WERNER
    THOMAS PRESTON-WERNER
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACLU FOUNDATION OF GEORGIA INC
    PO BOX 77208
    ATLANTA,GA30357     		  PC POLL WORKER RECRUITMENT INITIATIVES 100,000
    AMERICAN FRIENDS OF ZANAAFRICA CORP
    2450 VIRGINIA AVENUE NW
    WASHINGTON,DC20037     		  PC GENERAL SUPPORT 30,000
    CARBONPLAN
    2443 FILLMORE STREET 380-6048
    SAN FRANCISCO,CA94115     		  PC SOIL AND FORESTRY-BASED CARBON ACCOUNTING ANALYSES 30,000
    CHARITIES AID FOUNDATION AMERICA
    225 REINEKERS LANE SUITE 375
    ALEXANDRIA,VA22314     		  PC WORK IN MADAGASCAR 50,000
    DKT INTERNATIONAL INC
    1001 CONNECTICUT AVENUE NW SUITE
    800
    WASHINGTON,DC20036     		  PC BRING WEBSITES TO USERS IN INDIA, BANGLADESH AND PAKISTAN 50,000
    FAIR ELECTIONS CENTER
    1825 K STREET NW SUITE 450
    WASHINGTON,DC20006     		  PC POLL WORKER RECRUITMENT INITIATIVES 25,000
    FAMILY BUILDERS BY ADOPTION
    1900 EMBARCADERO SUITE 303
    OAKLAND,CA94606     		  PC SUPPORT CHILDREN AND FAMILIES IN THE BAY AREA 10,000
    FEMHEALTH USA INC
    1001 CONNECTICUT AVENUE NW SUITE
    805
    WASHINGTON,DC20036     		  PC EXPAND ABORTION SERVICES IN THE UNITED STATES 50,000
    FOCUSING PHILANTHROPY INC
    1637 16TH STREET
    SANTA MONICA,CA90404     		  PC VILLAGE REACH'S WORK IN MALAWI 40,000
    FRIENDS OF ALAMEDA COUNTY CASA INC
    1000 SAN LEANDRO BOULEVARD SUITE
    300
    SAN LEANDRO,CA94577     		  PC HELPING CHILDREN IN ALAMEDA COUNTY 10,000
    FULLER PROJECT FOR INTERNATIONAL REPORTING INC
    1875 CONNECTICUT AVENUE NW 10TH
    FLOOR
    WASHINGTON,DC20009     		  PC REPORTING ON GENDER, SEXUAL AND REPRODUCTIVE HEALTH, AND CLIMATE ACTION 250,000
    HOPEWELL FUND
    1201 CONNECTICUT AVENUE NW SUITE
    300
    WASHINGTON,DC20036     		  PC SUPPORT THE MOVEMENT INSTITUTE 75,000
    INTEGRATE HEALTH INC
    PO BOX 605
    MEDWAY,MA02053     		  PC WORK IN TOGO 50,000
    IPAS
    PO BOX 9990
    CHAPEL HILL,NC27515     		  PC STRENGTHENING ABORTION SERVICE DELIVERY AND POLICY ECOSYSTEM 50,000
    JUST FOREIGN POLICY
    4410 MASSACHUSETTS AVENUE NW SUITE
    290
    WASHINGTON,DC20016     		  PC CREATING NEW APPROACHES TO US FOREIGN POLICY 15,000
    KEYSTONE RESEARCH CENTER INC
    412 N THIRD STREET
    HARRISBURG,PA17101     		  PC SUPPORT THE VOTER PROJECT FUND 100,000
    LAST MILE HEALTH
    205 PORTLAND STREET
    BOSTON,MA02114     		  PC BRINGING HEALTH CARE TO VULNERABLE POPULATIONS 25,000
    LC AND LILLIE COX HAVEN OF HOPE
    696 SAN RAMON VALLEY BOULEVARD
    SUITE 194
    DANVILLE,CA94526     		  PC SUPPORT JUST BE 10,000
    LIVING GOODS
    220 HALLECK STREET SUITE 200B
    SAN FRANCISCO,CA94129     		  PC GENERAL SUPPORT 175,000
    LIVING GOODS
    220 HALLECK STREET SUITE 200B
    SAN FRANCISCO,CA94129     		  PC GENERAL SUPPORT 20,000
    LWALA COMMUNITY ALLIANCE INC
    PO BOX 60688
    NASHVILLE,TN37206     		  PC WORK IN KENYA 50,000
    MARCH FOR OUR LIVES FOUNDATION
    PO BOX 8929
    CORAL SPRINGS,FL33075     		  PC CREATING A SAFER AND HEALTHIER SOCIETY 25,000
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    77 MASSACHUSETTS AVENUE NE 54-1318
    CAMBRIDGE,MA02139     		  PC MIT JOINT PROGRAM ON THE SCIENCE AND POLICY OF GLOBAL CHANGE 50,000
    MEDSHARE INTERNATIONAL INC
    3240 CLIFTON SPRINGS ROAD
    DECATUR,GA30034     		  PC SUPPORT FRONTLINE HEALTHCARE WORKS WITH PPE NEEDS 105,000
    MOTHER HEALTH INTERNATIONAL INC
    8004 TREVOR PLACE
    VIENNA,VA22182     		  PC GENERAL SUPPORT 60,000
    MUSO INC
    3254 19TH STREET
    SAN FRANCISCO,CA94110     		  PC WORK IN MALI 85,000
    NEW FLORIDA MAJORITY EDUCATION FUND INC
    10800 BISCAYNE BOULEVARD SUITE 1050
    MIAMI,FL33161     		  PC FLORIDA FOR ALL'S 2020 NEW CIVIC ENGAGEMENT PLAN 100,000
    NYAYA HEALTH
    30 BROAD STREET 9TH FLOOR
    NEW YORK,NY10004     		  PC WORK IN NEPAL 45,000
    ONE SQUARE WORLD
    71 PETER PARLEY ROAD 2
    BOSTON,MA02130     		  PC SUPPORT POLITICAL HEALERS 10,000
    ONE WORLD CHILDREN'S FUND
    3108 GLENDALE BOULEVARD SUITE 506
    LOS ANGELES,CA90039     		  PC REACH A HAND UGANDA - WORK IN UGANDA 20,000
    ONE WORLD CHILDREN'S FUND
    3108 GLENDALE BOULEVARD SUITE 506
    LOS ANGELES,CA90039     		  PC SHARED ACTION AFRICA - WORK IN UGANDA 20,000
    ONE WORLD CHILDREN'S FUND
    3108 GLENDALE BOULEVARD SUITE 506
    LOS ANGELES,CA90039     		  PC SACODE - WORK IN BURUNDI 20,000
    ONE WORLD CHILDREN'S FUND
    3108 GLENDALE BOULEVARD SUITE 506
    LOS ANGELES,CA90039     		  PC AFRICAN COMMUNITY CENTER FOR SOCIAL SUSTAINABILITY - WORK IN UGANDA 40,000
    ONE WORLD CHILDREN'S FUND
    3108 GLENDALE BOULEVARD SUITE 506
    LOS ANGELES,CA90039     		  PC GENERAL SUPPORT 4,000
    ONE WORLD CHILDREN'S FUND
    3108 GLENDALE BOULEVARD SUITE 506
    LOS ANGELES,CA90039     		  PC SHARED ACTION AFRICA - INTEGRATED FAMILY PLANNING PROJECT IN NAKIVALE REFUGEE SETTLEMENT 20,000
    PARTNERS IN HEALTH
    800 BOYLSTON STREET SUITE 300
    BOSTON,MA02199     		  PC WORK IN RWANDA 50,000
    PERIPHERAL VISION INTERNATIONAL INC
    12 PARK STREET SUITE 302
    BROOKLYN,NY11206     		  PC FINISH THE TELENOVELA REMIX PROJECT 150,000
    PHILANTHROPIECE FOUNDATION INC
    6105 MONARCH ROAD
    LONGMONT,CO80503     		  POF GENERAL SUPPORT 5,000
    PIVOT WORKS INC
    800 BOYLSTON STREET SUITE 300
    BOSTON,MA02199     		  PC WORK IN MADAGASCAR 25,000
    RAPHAEL HOUSE OF SAN FRANCISCO INC
    1065 SUTTER STREET
    SAN FRANCISCO,CA94109     		  PC HOUSING PEOPLE DURING DIFFICULT TIMES IN THEIR LIVES 5,000
    REGENTS OF THE UNIVERSITY OF CALIFORNIA AT BERKELEY
    2121 BERKELEY WAY SUITE 6100
    BERKELEY,CA94720     		  GOV BIXBY CENTER FOR POPULATION, HEALTH AND SUSTAINABILITY 25,000
    SAN FRANCISCO GENERAL HOSPITAL FOUNDATION
    PO BOX 410836
    SAN FRANCISCO,CA94141     		  PC COVID-19 RESPONSE - HEALTHCARE WORKERS' NEEDS 250,000
    SUNRISE MOVEMENT EDUCATION FUND
    50 F STREET NW SUITE 700
    WASHINGTON,DC20001     		  PC GENERAL SUPPORT 25,000
    TEXAS CIVIL RIGHTS PROJECT
    1405 MONTOPOLIS DRIVE
    AUSTIN,TX78741     		  PC POLL WORKER RECRUITMENT INITIATIVES 10,000
    THE HUMANE SOCIETY OF THE UNITED STATES
    1255 23RD STREET NW SUITE 450
    WASHINGTON,DC20037     		  PC 50% BY 2025 CAMPAIGN 20,000
    THE SAN FRANCISCO FOUNDATION
    ONE EMBARCADERO CENTER SUITE 1400
    SAN FRANCISCO,CA94111     		  PC COVID-19 RESPONSE FUND 250,000
    THE WOMEN'S INSTITUTE FOR SECONDARY EDUCATION & RESEARCH INTERNATIONAL INC
    PO BOX 3186
    DURHAM,NC27715     		  PC WORK IN KENYA 20,000
    TIDES CENTER
    PO BOX 29907
    SAN FRANCISCO,CA94129     		  PC FIRST EXPOSURES' EFFORTS TO EMPOWER YOUTH IN THE BAY AREA 5,000
    UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION
    220 MONTGOMERY STREET 5TH FLOOR
    SAN FRANCISCO,CA94104     		  PC COVID-19 RESPONSE - HEALTHCARE WORKERS' NEEDS 250,000
    UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION
    220 MONTGOMERY STREET 5TH FLOOR
    SAN FRANCISCO,CA94104     		  PC CALIFORNIA HOME ABORTION BY TELEHEALTH (CHAT) STUDY 100,000
    VENTURE STRATEGIES FOR HEALTH AND DEVELOPMENT
    PO BOX 10144
    BERKELEY,CA94709     		  PC HILIN MU WORK IN NIGER 25,000
    VENTURE STRATEGIES FOR HEALTH AND DEVELOPMENT
    PO BOX 10144
    BERKELEY,CA94709     		  PC BIRTH SPACING KNOWLEDGE AND ACCESS AT THE CENTRE FOR GIRLS EDUCATION IN NIGERIA 40,000
    WATERKEEPER ALLIANCE INC
    180 MAIDEN LANE SUITE 603
    NEW YORK,NY10038     		  PC PROJECTS THAT REDUCE GREENHOUSE GAS EMISSIONS 25,000
    YOUNG MEN'S CHRISTIAN ASSOCIATION OF SAN FRANCISCO
    50 CALIFORNIA STREET SUITE 650
    SAN FRANCISCO,CA94111     		  PC EMERGENCY CHILDCARE PROGRAM IN RESPONSE TO COVID-19 250,000
    YOUTH HOMES INC
    3480 BUSKIRK AVENUE SUITE 210
    PLEASANT HILL,CA94523     		  PC WORK SUPPORTING CHILDREN IN THE BAY AREA 10,000
    Total .................................bullet 3a 3,359,000
    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....     14 924,771  
    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 -58,240  
    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).. 0 866,531 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    866,531
    (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
    PRESTON-WERNER INITIATIVES INC 501(C)(4) COMMON CONTROL
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    PRESTON-WERNER FOUNDATION
     
    Employer identification number

    83-2899018
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    PRESTON-WERNER FOUNDATION
          		Employer identification number
    83-2899018
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    THERESA AND THOMAS PRESTON-WERNER
    314 LYTTON AVE
     
    PALO ALTO, CA94103

    		$ 27,597,185


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    PRESTON-WERNER FOUNDATION
          		Employer identification number

    83-2899018
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PUBLICLY TRADED SECURITIES $ 27,597,185 2020-10-14
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    PRESTON-WERNER FOUNDATION
          		Employer identification number

    83-2899018
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 93,707 46,854   42,641

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Name of Bond End of Year Book Value End of Year Fair Market Value
    3M CO 37,103 37,103
    ADOBE INC 81,179 81,179
    AMERICAN EXPRESS CO 106,356 106,356
    AMERICAN EXPRESS CREDIT 170,867 170,867
    AMERIPRISE FINANCIAL INC 87,093 87,093
    APPLE INC 96,239 96,239
    AT&T INC 27,648 27,648
    AUTOMATIC DATA PROCESSNG 89,835 89,835
    BANK OF AMERICA CORP 37,172 37,172
    BANK OF AMERICA CORP 20,237 20,237
    BANK OF AMERICA CORP 199,159 199,159
    BANK OF MONTREAL HYBRID 175,093 175,093
    BANK OF NEW YORK MELLON CORP 21,241 21,241
    BANK OF NOVA SCOTIA 37,189 37,189
    BLACKROCK INC 10,933 10,933
    BROADCOM CORPORATION 30,690 30,690
    CALVERT HIGH YIELD BOND FUND CL I 3,289,590 3,289,590
    CANADIAN IMPERIAL BANK OF COMMERCE 212,986 212,986
    CATERPILLAR FINANCIAL SERVICES CORP 206,841 206,841
    CHARLES SCHWAB CORPORATION 62,822 62,822
    CHURCH & DWIGHT 110,918 110,918
    CITIGROUP INC 64,368 64,368
    CITIGROUP INC 32,615 32,615
    CLOROX COMPANY 108,360 108,360
    CROWN CASTLE INTERNATIONAL CORP 68,908 68,908
    CVS HEALTH CORP 99,586 99,586
    DH EUROPE FINANCE II 30,945 30,945
    DOMINION ENERGY INC 132,128 132,128
    DUKE ENERGY CAROLINAS 32,265 32,265
    FEDERATED HERMES INSTITUTIONAL HIGH YIELD BOND FUND 3,311,367 3,311,367
    FISERV INC 26,845 26,845
    HOME DEPOT INC 34,101 34,101
    JM SMUCKER CO 31,755 31,755
    JOHN DEERE CAPITAL CORP 76,836 76,836
    JPMORGAN CHASE & CO 137,074 137,074
    JPMORGAN CHASE & CO 65,240 65,240
    KEURIG DR PEPPER INC 194,143 194,143
    KIMCO REALTY CORPORATION 16,186 16,186
    MCDONALD'S CORPORATION 57,988 57,988
    MORGAN STANLEY 74,871 74,871
    NATIONAL RURAL UTILITY COOP 55,897 55,897
    NIKE INC 204,708 204,708
    ORACLE CORPORATION 71,872 71,872
    PNC FINANCIAL SERVICES GROUP 10,956 10,956
    PROCTER & GAMBLE CO 165,221 165,221
    PRUDENTIAL FINANCIAL INC 78,797 78,797
    ROPER INDUSTRIES INC 26,138 26,138
    ROPER TECHNOLOGIES INC 32,551 32,551
    ROYAL BANK OF CANADA 120,662 120,662
    ROYAL BANK OF SCOTLAND 129,926 129,926
    S&P GLOBAL INC 32,721 32,721
    SANTANDER UK GROUP HOLDINGS 15,003 15,003
    SPIRIT REALTY LP 63,760 63,760
    SYNCHRONY FINANCIAL 110,097 110,097
    SYSCO CORPORATION 71,340 71,340
    TARGET CORP 27,629 27,629
    TEXAS INSTRUMENTS INC 93,336 93,336
    THE CLOROX COMPANY 20,801 20,801
    THERMO FISHER SCIENTIFIC 210,352 210,352
    TOYOTA MOTOR CREDIT CORP 175,483 175,483
    UNILEVER CAPITAL CORPORATION 159,849 159,849
    UNION PACIFIC CORP 27,338 27,338
    US BANCORP 88,213 88,213
    VERIZON COMMUNICATIONS INC 129,350 129,350
    WELLTOWER INC 38,485 38,485
    XILINX INC 47,240 47,240
    ZIMMER HOLDINGS INC 71,798 71,798
    ZOETIS INC 50,922 50,922

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 104,000 104,000
    ABB LTD 19,880 19,880
    ABBOTT LABORATORIES 199,381 199,381
    ABBVIE INC 196,192 196,192
    ACCENTURE PLC 171,093 171,093
    ADIDAS AG 24,057 24,057
    ADOBE INC 247,559 247,559
    ADVANCED MICRO DEVICES INC 113,720 113,720
    ADVANTEST CORPORATION 15,049 15,049
    AEON CO LTD 11,705 11,705
    AES CORP 16,286 16,286
    AFLAC INCORPORATED 30,951 30,951
    AGILENT TECHNOLOGIES INC 36,495 36,495
    AGL ENERGY LIMITED 258 258
    AIR LIQUIDE SA 29,568 29,568
    AIR PRODUCTS & CHEMICALS INC 62,567 62,567
    AISIN SEIKI CO LTD 6,325 6,325
    AJINOMOTO INC 4,551 4,551
    AKAMAI TECHNOLOGIES INC 17,638 17,638
    AKTIEBOLAGET ELECTROLUX 10,951 10,951
    AKZO NOBEL NV 6,343 6,343
    ALASKA AIR GROUP INC 6,500 6,500
    ALCON INC 12,404 12,404
    ALEXANDRIA REAL ESTATE EQUITIES INC 20,495 20,495
    ALEXION PHARMACEUTICALS INC 34,685 34,685
    ALFA LAVAL AB 9,451 9,451
    ALLIANZ SE 44,694 44,694
    ALLSTATE CORPORATION 35,947 35,947
    ALPHABET INC CL A 543,318 543,318
    ALPHABET INC CL C 530,820 530,820
    AMADEUS IT GROUP SA 13,336 13,336
    AMAZONCOM INC 1,433,049 1,433,049
    AMCOR PLC 19,715 19,715
    AMEREN CORPORATION 17,485 17,485
    AMERICAN AIRLINES GROUP INC 9,162 9,162
    AMERICAN ELECTRIC POWER INC 41,968 41,968
    AMERICAN EXPRESS CO 80,889 80,889
    AMERICAN INTERNATIONAL GROUP INC 34,415 34,415
    AMERICAN TOWER CORPORATION 103,027 103,027
    AMERICAN WATER WORKS CO INC 27,625 27,625
    AMERIPRISE FINANCIAL INC 32,259 32,259
    AMERISOURCEBERGEN CORPORATION 13,589 13,589
    AMGEN INC 139,102 139,102
    ANALOG DEVICES INC 54,512 54,512
    ANHEUSER-BUSCH INBEV 36,074 36,074
    ANTHEM INC 84,126 84,126
    AON PUBLIC LIMITED COMPANY 50,494 50,494
    APPLE INC 2,201,725 2,201,725
    APPLIED MATERIALS INC 81,554 81,554
    APTIV PLC 34,527 34,527
    ARCELORMITTAL SA 10,878 10,878
    ARCHER-DANIELS-MIDLAND COMPANY 28,835 28,835
    ASHAI KASEI CORP 13,502 13,502
    ASML HOLDING NV 88,277 88,277
    ASSA ABLOY AB 27,000 27,000
    ASSURANT INC 7,492 7,492
    ASTELLAS PHARMA INC 20,827 20,827
    ASTRAZENECA PLC 65,687 65,687
    AT&T INC 209,718 209,718
    ATLANTIA SPA 3,025 3,025
    ATLAS COPCO AB CL A 19,843 19,843
    ATLAS COPCO AB CL B 14,126 14,126
    AUSTRALIA & NEWZEALAND BANKING GRP LTD 26,678 26,678
    AUTODESK INC 68,702 68,702
    AVALONBAY COMMUNITIES INC 23,583 23,583
    AXA-UAP 15,375 15,375
    BAKER HUGHES CO 13,010 13,010
    BALL CORPORATION 30,563 30,563
    BANCO BILBAO VIZCAYA SA 16,203 16,203
    BANCO SANTANDER SA 27,920 27,920
    BANK OF AMERICA CORP 243,753 243,753
    BANK OF MONTREAL 35,658 35,658
    BANK OF NOVA SCOTIA 43,664 43,664
    BARCLAYS PLC 31,305 31,305
    BARRICK GOLD CORPORATION 24,283 24,283
    BASF SE 17,817 17,817
    BAXTER INTERNATIONAL INC 41,324 41,324
    BAYER AG 16,321 16,321
    BAYERISCHE MOTOREN WERKE AKTIE 5,479 5,479
    BCE INC 9,202 9,202
    BECTON DICKINSON AND COMPANY 73,064 73,064
    BEST BUY CO INC 23,451 23,451
    BHP BILLITON PLC 58,121 58,121
    BHP GROUP LTD 53,121 53,121
    BIOGEN INC 39,912 39,912
    BLACKROCK INC 113,282 113,282
    BNP PARIBAS 29,008 29,008
    BOOKING HOLDINGS INC 95,773 95,773
    BORGWARNER INC 8,849 8,849
    BOSTON PROPERTIES INC 15,503 15,503
    BOSTON SCIENTIFIC CORP 53,709 53,709
    BRAMBLES LIMITED 15,606 15,606
    BRIDGESTONES CORP 14,979 14,979
    BRISTOL-MYERS SQUIBB COMPANY 145,646 145,646
    BROOKFIELD PROPERTY REIT INC 1,838 1,838
    BROWN FORMAN CORP 13,980 13,980
    CAE INC 8,017 8,017
    CAMPBELL SOUP CO 9,767 9,767
    CANADIAN IMPERIAL BANK OF COMMERCE 24,530 24,530
    CANADIAN NATIONAL RAILWAY CO 46,247 46,247
    CANADIAN PACIFIC RAILWAY LTD 31,895 31,895
    CANON INC 23,933 23,933
    CAP GEMINI 14,118 14,118
    CAPITAL ONE FINANCIAL CORP 48,634 48,634
    CARDINAL HEALTH INC 15,693 15,693
    CARMAX INC 15,775 15,775
    CARNIVAL CORPORATION 15,790 15,790
    CASIO COMPUTER 5,480 5,480
    CATERPILLAR INC 102,113 102,113
    CBOE GLOBAL MARKETS INC 10,616 10,616
    CBRE GROUP INC 21,388 21,388
    CGI INC 10,469 10,469
    CHARLES SCHWAB CORPORATION 86,561 86,561
    CHUBB LIMITED 73,728 73,728
    CHUGAI PHARMACEUTICAL CO LTD 20,201 20,201
    CHURCH & DWIGHT 20,586 20,586
    CIGNA CORP 80,149 80,149
    CISCO SYSTEMS INC 195,647 195,647
    CITIGROUP INC 133,987 133,987
    CITIZENS FINANCIAL GROUP INC 14,805 14,805
    CLOROX CO 24,634 24,634
    CLP HOLDINGS LTD 4,050 4,050
    CNH INDUSTRIAL NV 6,189 6,189
    COCA-COLA COMPANY 219,854 219,854
    COCA-COLA EUROPEAN PARTNERS PLC 1,595 1,595
    COLGATE-PALMOLIVE CO 74,821 74,821
    COLOPLAST AS 4,890 4,890
    COMCAST CORPORATION 245,389 245,389
    COMERICA INCORPORATED 6,815 6,815
    COMMONWEALTH BANK OF AUSTRALIA 71,470 71,470
    COMPAGNIE GENERALE DES ETABLIS 9,502 9,502
    CONAGRA BRANDS INC 17,912 17,912
    CONTINENTAL AKTIENGESELLSCHAFT 297 297
    CORTEVA INC 30,356 30,356
    CREDIT SUISSE GROUP 15,245 15,245
    CRH PLC 35,001 35,001
    CSL LIMITED 60,310 60,310
    CSX CORPORATION 71,783 71,783
    CUMMINS INC 33,384 33,384
    CVS HEALTH CORP 93,639 93,639
    DAI NIPPON PRINTING LTD 13,458 13,458
    DAIICHI SANKYO CO LTD 37,663 37,663
    DAIKIN INDUSTRIES LTD 35,742 35,742
    DAIMLER AG 27,081 27,081
    DAITO TR CONSTR CO LTD 7,657 7,657
    DAIWA HOUSE IND LTD 19,201 19,201
    DANONE 14,143 14,143
    DASSAULT SYSTEMES 10,978 10,978
    DAVITA INC 9,275 9,275
    DBS GROUP HOLDINGS 48,729 48,729
    DEERE & COMPANY 87,710 87,710
    DELTA AIR LINES INC 25,694 25,694
    DENSO CORP 25,963 25,963
    DENTSU INC TOKYO 11,994 11,994
    DEUTSCHE BANK AG 9,614 9,614
    DEUTSCHE BOERSE AG 11,927 11,927
    DEUTSCHE POST AG 20,069 20,069
    DEUTSCHE TELEKOM AG 14,218 14,218
    DEUTSCHE WOHNEN AG 19,085 19,085
    DIAGEO PLC 64,794 64,794
    DIGITAL REALTY TRUST INC 38,505 38,505
    DISCO CORP 6,395 6,395
    DISCOVER FINANCIAL SERVICES 29,241 29,241
    DNB ASA 22,153 22,153
    DOMINION ENERGY INC 67,605 67,605
    DOW INC 43,568 43,568
    DR HORTON INC 23,502 23,502
    DTE ENERGY COMPANY 21,975 21,975
    DUKE ENERGY CORPORATION 72,607 72,607
    DUKE REALTY CORPORATION 15,109 15,109
    DUPONT DE NEMOURS INC 52,621 52,621
    DXC TECHNOLOGY COMPANY 6,953 6,953
    EAST JAPAN RAILWAY COMPANY 22,473 22,473
    EASTMAN CHEMICAL COMPANY 13,137 13,137
    EATON CORP PLC 48,777 48,777
    EBAY INC 34,874 34,874
    ECOLAB INC 55,172 55,172
    EDWARDS LIFESCIENCES CORPORATION 57,384 57,384
    EISAI CO LTD 12,853 12,853
    ELI LILLY & CO 138,111 138,111
    EMERSON ELECTRIC CO 51,035 51,035
    ENBRIDGE INC 40,979 40,979
    ENEL SOCIETA PER AZIONI 36,484 36,484
    ENERGIAS DE PORTUGAL SA 17,791 17,791
    ENGIE 14,247 14,247
    ENTERGY CORPORATION 21,665 21,665
    EON AG 6,843 6,843
    EPIROC AB 10,350 10,350
    EQUINIX INC REIT 64,276 64,276
    EQUITY RESIDENTIAL 22,230 22,230
    ERICSSON AMERICAN 21,068 21,068
    ESSEX PROPERTY TRUST INC 15,907 15,907
    ESSILOR INTERNATIONAL SA 18,259 18,259
    ESTEE LAUDER COS INC 62,022 62,022
    EVERSOURCE ENERGY 28,289 28,289
    EXELON CORPORATION 41,882 41,882
    EXPEDITORS INTERNATIONAL 15,122 15,122
    FACEBOOK INC 678,529 678,529
    FAST RETAILING CO LTD 33,139 33,139
    FEDERAL REALTY INVESTMENT TRUST 7,235 7,235
    FEDEX CORPORATION 66,203 66,203
    FERRARI NV 13,312 13,312
    FERROVIAL SA 12,471 12,471
    FIAT CHRYSLER AUTOMOBILES NV 11,107 11,107
    FIFTH THIRD BANCORP 19,906 19,906
    FIRST REPUBLIC BANK 24,537 24,537
    FLEX LTD 7,102 7,102
    FLOWSERVE CORPORATION 5,454 5,454
    FMC CORPORATION 15,171 15,171
    FORD MOTOR COMPANY 36,215 36,215
    FORTESCUE METALS GROUP LTD 15,332 15,332
    FORTUNE BRANDS HOME & SECURITY 11,486 11,486
    FRANKLIN RESOURCES INC 11,995 11,995
    FREEPORT-MCMORAN INC 39,524 39,524
    FUJIFILM HOLDINGS CORPORATION 14,063 14,063
    FUJITSU LTD 19,922 19,922
    GAP INC 4,280 4,280
    GEBERIT AG 11,912 11,912
    GENERAL ELECTRIC CO 98,712 98,712
    GENERAL MILLS INC 38,102 38,102
    GENERAL MOTORS COMPANY 55,798 55,798
    GENUINE PARTS CO 13,558 13,558
    GILDAN ACTIVEWEAR INC 7,451 7,451
    GILEAD SCIENCES 75,913 75,913
    GIVAUDAN SA 8,439 8,439
    GLAXOSMITHKLINE PLC 55,568 55,568
    GLOBE LIFE INC 6,172 6,172
    HALLIBURTON COMPANY 17,426 17,426
    HANESBRANDS INC 5,934 5,934
    HANG LUNG PROPERTIES LIMITED 7,358 7,358
    HANG SENG BANK LTD 3,173 3,173
    HARTFORD FINANCIAL SERVICES GROUP 18,025 18,025
    HASBRO INC 12,067 12,067
    HEALTHPEAK PROPERTIES INC 17,110 17,110
    HEIDELBERGCEMENT AG 6,592 6,592
    HEINEKEN HLDG NV 1,791 1,791
    HEINEKEN NV 8,706 8,706
    HENKEL AG AND CO ORDINARY 482 482
    HENKEL AG AND CO PREFERRED 3,275 3,275
    HEWLETT PACKARD ENTERPRISE CO 15,761 15,761
    HEXAGON AB 20,725 20,725
    HILTON WORLDWIDE HOLDINGS INC 30,597 30,597
    HITACHI CONSTRUCTION MACHINERY CO LTD 3,916 3,916
    HITACHI LTD 26,380 26,380
    HOLCIM AG 7,866 7,866
    HOLLYFRONTIER CORP 3,774 3,774
    HOLOGIC INCORPORATED 20,320 20,320
    HONDA MTR LTD 35,991 35,991
    HONG KONG EXCHANGES & CLEARING 54,538 54,538
    HONGKONG LAND HOLDINGS LTD 8,714 8,714
    HORMEL FOODS CORPORATION 12,258 12,258
    HOST HOTELS & RESORTS INC 10,387 10,387
    HP INC 35,508 35,508
    HSBC HOLDINGS PLC 43,425 43,425
    HUMANA INC 56,617 56,617
    HUNTINGTON BANCSHARES INC 13,034 13,034
    HUSQVARNA AB 9,596 9,596
    IBERDROLA SOCIEDAD ANONIMA 33,498 33,498
    IHS MARKIT LTD 34,495 34,495
    ILLINOIS TOOL WORKS 59,125 59,125
    ILLUMINA INC 54,760 54,760
    INDUSTRIA DE DISENO TEXTIL 19,436 19,436
    INFINEON TECHNOLOGIES 24,427 24,427
    ING GROEP NV 26,885 26,885
    INTEL CORPORATION 219,457 219,457
    INTERCONTINENTAL HOTELS GROUP 32,755 32,755
    INTERNATIONAL BUSINESS MACHINES CORP 116,565 116,565
    INTERNATIONAL FLAVORS & FRAGRANCE 11,646 11,646
    INTERPUBLIC GROUP COS 8,138 8,138
    INTESA SANPAOLO SPA 15,108 15,108
    INVESCO LTD 12,288 12,288
    IRON MOUNTAIN INCORPORATED 9,198 9,198
    ISHARES RUSSELL 2000 SMALL-CAP INDEX FUND K 4,622,383 4,622,383
    ISUZU MOTORS LTD 1,196 1,196
    ITOCHU CORP 29,972 29,972
    JAPAN AIRLINES CO LTD 4,773 4,773
    JM SMUCKER CO 13,178 13,178
    JOHNSON & JOHNSON 427,916 427,916
    JOHNSON CONTROLS INTERNATIONAL 36,200 36,200
    JPMORGAN CHASE & CO 403,447 403,447
    JSR CORP 2,255 2,255
    KANSAS CITY SOUTHERN 20,413 20,413
    KAO CORPORATION 22,773 22,773
    KBC GROUP NV 16,821 16,821
    KDDI CORPORATION 22,153 22,153
    KELLOGG COMPANY 16,678 16,678
    KERING 21,091 21,091
    KEYCORP 15,540 15,540
    KEYSIGHT TECHNOLOGIES INC 24,569 24,569
    KIMBERLY-CLARK CORPORATION 48,674 48,674
    KIMCO REALTY CORPORATION 8,225 8,225
    KINDER MORGAN INC CL P 27,231 27,231
    KINROSS GOLD CORPORATION 6,562 6,562
    KOMATSU LTD 15,801 15,801
    KONE OYJ 13,011 13,011
    KONINKLIJKE AHOLD NV 11,565 11,565
    KONINKLIJKE PHILIPS NV 18,743 18,743
    KROGER COMPANY 26,488 26,488
    KUBOTA CORP 14,172 14,172
    KUEHNE & NAGEL INTERNATIONAL 4,089 4,089
    L BRANDS INC 8,963 8,963
    LAM RESEARCH CORPORATION 72,257 72,257
    LAS VEGAS SANDS CORP 20,443 20,443
    LEGRAND SA 11,254 11,254
    LINCOLN NATIONAL CORPORATION INC 9,810 9,810
    LINDE PLC 140,714 140,714
    LIXIL GROUP CORPORATION 4,544 4,544
    LLOYDS BANKING GROUP PLC 30,774 30,774
    LOEWS CORPORATION 10,805 10,805
    LOREAL CO 38,408 38,408
    LOWES COMPANIES INC 125,840 125,840
    LUMEN TECHNOLOGIES INC 10,384 10,384
    LVMH MOET HENNESSY LOUIS VUITTON SA 63,762 63,762
    MACQUARIE GROUP LIMITED 30,348 30,348
    MANULIFE FINANCIAL CORP 24,895 24,895
    MARATHON PETROLEUM CORPORATION 27,298 27,298
    MARRIOTT INTERNATIONAL INC 36,410 36,410
    MARSH & MCLENNAN CO INC 58,383 58,383
    MARUBENI CORP 15,218 15,218
    MARUI LTD 8,003 8,003
    MASCO CORPORATION 14,117 14,117
    MASTERCARD INCORPORATED 326,600 326,600
    MC DONALDS CORP 166,729 166,729
    MCCORMICK & CO 21,988 21,988
    MCKESSON CORPORATION 29,914 29,914
    MEDTRONIC PUBLIC LIMITED COMPANY 163,645 163,645
    MERCK & CO INC 212,353 212,353
    MERCK ADR 3,263 3,263
    METLIFE INC 39,485 39,485
    METTLER-TOLEDO INTERNATIONAL 28,492 28,492
    MGM RESORTS INTERNATIONAL 13,707 13,707
    MICRON TECHNOLOGY INC 85,555 85,555
    MICROSOFT CORPORATION 1,736,878 1,736,878
    MID-AMERICA APT TYS INC 14,063 14,063
    MINEBEA MITSUMI INC 3,848 3,848
    MITSUBISHI CHEMICAL HOLDINGS 3,174 3,174
    MITSUBISHI ELECTRIC CORP 21,867 21,867
    MITSUBISHI ESTATE LTD 27,685 27,685
    MITSUBISHI UFJ FINANCIAL GROUP INC 30,159 30,159
    MITSUI & CO LTD 25,256 25,256
    MIZUHO FINANCIAL GROUP INC 17,710 17,710
    MOHAWK INDUSTRIES INC 8,457 8,457
    MOLSON COORS BEVERAGE CO 8,315 8,315
    MONDELEZ INTERNATIONAL INC 85,132 85,132
    MOODY'S CORPORATION 52,824 52,824
    MORGAN STANLEY 108,346 108,346
    MOSAIC COMPANY 8,007 8,007
    MS&AD INSURANCE GROUP HOLDINGS 19,288 19,288
    MSCI INC 38,848 38,848
    MTU AERO ENGINES HOLDINGS AG 9,922 9,922
    MUENCHENER RUECKVERSICHERUNGS 23,766 23,766
    MURATA MANUFACTURING CO LTD 36,650 36,650
    NASDAQ INC 16,858 16,858
    NATIONAL GRID PLC 46,811 46,811
    NATWEST GROUP PLC 10,920 10,920
    NESTE OIL OYJ 14,405 14,405
    NESTLE SA 125,968 125,968
    NEWCREST MINING LIMITED 12,831 12,831
    NEWMONT CORP 49,948 49,948
    NEWS CORPORATION CL A 6,829 6,829
    NEWS CORPORATION CL B 1,546 1,546
    NEXTERA ENERGY INC 156,615 156,615
    NIDEC CORPORATION 42,493 42,493
    NIELSEN HOLDINGS PLC 7,805 7,805
    NIKE INC 182,779 182,779
    NINTENDO CO LTD 42,082 42,082
    NIPPON TELEGRAPH & TELEPHONE 11,070 11,070
    NISOURCE INC 9,428 9,428
    NISSAN MOTOR CO LTD 5,093 5,093
    NITTO DENKO CORP 8,404 8,404
    NN GROUP NV 9,260 9,260
    NOKIA CORPORATION 10,792 10,792
    NOMURA HOLDINGS INC 16,987 16,987
    NOMURA RESEARCH INSTITUTE LTD 8,196 8,196
    NORFOLK SOUTHERN CORP 63,442 63,442
    NORTHERN TRUST CORP 26,545 26,545
    NORTONLIFELOCK INC 11,387 11,387
    NOVARTIS AG 86,687 86,687
    NOVO-NORDISK AS 70,549 70,549
    NOVOZYMES AS 11,031 11,031
    NRG ENERGY INC 9,575 9,575
    NSK LTD 9,165 9,165
    NTT DOCOMO INC 24,538 24,538
    NUTRIEN LTD 16,712 16,712
    NVIDIA CORPORATION 333,164 333,164
    OLYMPUS CORPORATION 15,255 15,255
    OMRON CORP 13,812 13,812
    ONEOK INC 17,655 17,655
    ORANGE 19,130 19,130
    ORKLA AS 5,375 5,375
    PACCAR INC 30,802 30,802
    PANASONIC CORPORATION 13,560 13,560
    PARKER-HANNIFIN CORP 38,137 38,137
    PEARSON PLC 11,016 11,016
    PENTAIR PLC 8,547 8,547
    PEPSICO INC 210,289 210,289
    PERNOD RICARD 20,528 20,528
    PERRIGO CO PLC 5,948 5,948
    PEUGEOT SA 7,883 7,883
    PFIZER INC 210,480 210,480
    PINNACLE WEST CAPITAL CORP 8,075 8,075
    PNC FINANCIAL SERVICES GROUP 64,368 64,368
    PPG INDUSTRIES INC 36,199 36,199
    PPL CORPORATION 22,616 22,616
    PROCTER & GAMBLE COMPANY 359,677 359,677
    PROLOGIS INC 74,346 74,346
    PRUDENTIAL FINANCIAL INC 35,288 35,288
    PRYSMIAN SPA 9,572 9,572
    PUBLIC-SVC ENTERPRISE GROUP HOLDING CO 31,132 31,132
    PULTEGROUP INC 13,281 13,281
    PVH CORP 6,197 6,197
    QANTAS AIRWAYS LIMITED 15,850 15,850
    QUALCOMM INC 177,628 177,628
    QUEST DIAGNOSTICS INCORPORATED 15,730 15,730
    RALPH LAUREN CORP 4,772 4,772
    RBC EMERGING MARKETS EQUITY FUND 1,999,153 1,999,153
    RED ELECTRICA CORPORACION SA 1,334 1,334
    REED ELSEVIER PLC 45,399 45,399
    REGENCY CENTERS CORPORATION 8,662 8,662
    REGENERON PHARMACEUTICAL INC 51,693 51,693
    REGIONS FINANCIAL CORPORATION 13,879 13,879
    REPUBLIC SERVICES INC 19,260 19,260
    RIO TINTO PLC 70,406 70,406
    ROCHE HOLDING AG 76,206 76,206
    ROCKWELL AUTOMATION INC 29,596 29,596
    ROGERS COMMUNICATIONS INC 9,458 9,458
    ROHM CO LTD 4,064 4,064
    ROSS STORES INC 44,703 44,703
    ROYAL BANK OF CANADA 67,700 67,700
    ROYAL CARIBBEAN GROUP 14,042 14,042
    ROYAL DSM NV 9,475 9,475
    RWE AG AKTIENGESELLSCHAFT 13,155 13,155
    S&P GLOBAL INC 85,799 85,799
    SALESFORCECOM INC 210,291 210,291
    SAND VIK 14,094 14,094
    SANDS CHINA LTD 29,071 29,071
    SANOFI 44,023 44,023
    SANTEN PHARMACEUTICAL CO LTD 8,469 8,469
    SAP SE 54,242 54,242
    SCHLUMBERGER LTD 31,828 31,828
    SCHNEIDER ELECTRIC SE 28,804 28,804
    SEAGATE TECHNOLOGY PLC 14,732 14,732
    SEKISUI CHEMICAL CO LTD 8,138 8,138
    SEKISUI HOUSE LTD 9,458 9,458
    SEMPRA ENERGY 38,733 38,733
    SGS SA 12,082 12,082
    SHIN-ETSU CHEMICAL CO LTD 38,266 38,266
    SHISEIDO CO LTD 18,592 18,592
    SIEMENS AKTIENGESELLSCHAFT 40,549 40,549
    SIKA AG 14,772 14,772
    SIMON PROPERTY GROUP INC 30,360 30,360
    SINGAPORE TELECOMMUNICATIONS 13,423 13,423
    SKF AB 7,484 7,484
    SL GREEN REALTY CORP 5,064 5,064
    SMITH & NEPHEW PLC 22,603 22,603
    SMURFIT KAPPA GROUP PLC 11,729 11,729
    SODEXO 4,574 4,574
    SONY CORPORATION 68,141 68,141
    SOUTHWEST AIRLINES CO 28,292 28,292
    SPARK NEW ZEALAND LTD 8,358 8,358
    STANLEY BLACK & DECKER INC 29,998 29,998
    STARBUCKS CORP 127,948 127,948
    STATE STREET CORPORATION 30,131 30,131
    STATE STREET HEDGED INTERNATIONAL DEVELOPED EQUITY INDEX FUND K 5,677,992 5,677,992
    STORA ENSO OYJ 1,780 1,780
    SUBARU CORP 16,500 16,500
    SUMCO CORPORATION 2,674 2,674
    SUMITOMO CHEMICAL COMPANY 14,189 14,189
    SUMITOMO CORPORATION 12,102 12,102
    SUMITOMO MITSUI FINANCIAL GROUP 24,402 24,402
    SUN HUNG KAI PROPERTIES LTD 34,383 34,383
    SUN LIFE FINANCIAL INC 17,428 17,428
    SUZUKI MOTOR CORPORATION 13,710 13,710
    SWEDBANK AB 14,776 14,776
    SWISS RE LTD 9,994 9,994
    SWISSCOM 5,937 5,937
    SYNCHRONY FINANCIAL 20,791 20,791
    SYSMEX CORPORATION 12,611 12,611
    T ROWE PRICE GROUP INC 39,513 39,513
    TAKEDA PHARMACEUTICAL CO LTD 30,540 30,540
    TAPESTRY INC 10,163 10,163
    TARGET CORP 91,089 91,089
    TC ENERGY CORP 25,572 25,572
    TDK CORPORATION 15,804 15,804
    TE CONNECTIVITY LTD 41,769 41,769
    TECK RESOURCES LIMITED 4,773 4,773
    TEIJIN LTD 169 169
    TELEFONICA SA 10,520 10,520
    TELEKOM AUSTRIA AG 1,224 1,224
    TELENOR ASA 13,940 13,940
    TELSTRA CORP 7,405 7,405
    TERNA RETE ELETTRICA NAZIONALE 16,289 16,289
    TEXAS INSTRUMENTS INC 155,103 155,103
    THE BANK OF NY MELLON CORP 46,217 46,217
    THE HERSHEY COMPANY 22,240 22,240
    THE HOME DEPOT INC 295,369 295,369
    THE KRAFT HEINZ CO 24,782 24,782
    THE TRAVELERS COMPANIES INC 35,935 35,935
    THE WILLIAMS COMPANIES INC 25,103 25,103
    TIFFANY & CO 13,276 13,276
    TJX COMPANIES INC 84,884 84,884
    TOKIO MARINE HOLDINGS INC 22,261 22,261
    TOKYO ELECTRON LIMITED 36,449 36,449
    TORAY INDUSTRIES INC 12,662 12,662
    TORONTO DOMINION BANK 58,113 58,113
    TOSHIBA CORPORATION 8,355 8,355
    TOTO LTD 5,645 5,645
    TOWER SEMICONDUCTOR LTD 12,962 12,962
    TOYOTA MOTOR CORPORATION 99,079 99,079
    TRANE TECHNOLOGIES 35,129 35,129
    TREND MICRO INCORPORATED 5,983 5,983
    TRUIST FINANCIAL CORPORATION 65,137 65,137
    TYSON FOODS INC 19,848 19,848
    UBS GROUP AG 22,594 22,594
    UDR INC 12,298 12,298
    UMICORE GROUP 6,153 6,153
    UNILEVER PLC 78,589 78,589
    UNION PACIFIC CORP 147,420 147,420
    UNITED AIRLINES HOLDINGS INC 12,932 12,932
    UNITED PARCEL SERVICE INC 126,132 126,132
    UNITED RENTALS INC 16,698 16,698
    UNITEDHEALTH GROUP INCORPORATE 344,017 344,017
    UNUM GROUP 5,299 5,299
    UOL GROUP LIMITED 7,234 7,234
    UPM-KYMMENE OYJ 12,639 12,639
    US BANCORP 67,043 67,043
    VARIAN MEDICAL SYSTEMS INC 15,926 15,926
    VENTAS INC 20,842 20,842
    VENTURE CORPORATION LIMITED 5,510 5,510
    VEOLIA ENVIRONNEMENT 13,294 13,294
    VERISK ANALYTICS INC 33,214 33,214
    VERIZON COMMUNICATIONS INC 249,805 249,805
    VESTAS WIND SYSTEMS AS 28,395 28,395
    VF CORP 26,135 26,135
    VIATRIS INC 23,200 23,200
    VINCI SA 28,570 28,570
    VIVENDI 14,105 14,105
    VODAFONE GROUP PLC 25,940 25,940
    VOLKSWAGEN AG 2,289 2,289
    VOLKSWAGEN AG PREFERRED 12,308 12,308
    VOLVO AB 25,769 25,769
    VONOVIA SE 27,566 27,566
    WALGREENS BOOTS ALLIANCE INC 29,551 29,551
    WALT DISNEY COMPANY 339,531 339,531
    WATERS CORPORATION 14,598 14,598
    WEC ENERGY GROUP INC 30,646 30,646
    WELLS FARGO & CO 130,740 130,740
    WESFARMERS LIMITED 35,197 35,197
    WESTPAC BANKING CORP 50,347 50,347
    WESTROCK COMPANY 11,666 11,666
    WEYERHAEUSER COMPANY 26,556 26,556
    WHIRLPOOL CORP 10,829 10,829
    WILLIS TOWERS WATSON PLC 28,020 28,020
    WOLTERS KLUWER NV 9,886 9,886
    WPP PLC 28,068 28,068
    WW GRAINGER INC 18,375 18,375
    WYNN RESORTS LIMITED 10,493 10,493
    XCEL ENERGY INC 34,202 34,202
    XEROX HOLDINGS CORP 2,574 2,574
    XYLEM INC 17,915 17,915
    YAMAHA CORPORATION 10,700 10,700
    YARA INTERNATIONAL ASA 12,017 12,017
    YASKAWA ELECTRIC CORP 11,329 11,329
    YOKOGAWA ELECTRIC CORPORATION 4,456 4,456
    YUM BRANDS INC 31,700 31,700
    ZIMMER BIOMET HOLDINGS INC 31,897 31,897
    ZURICH INS GROUP LTD 21,540 21,540

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    US Government Securities - End of Year Book Value:

    7,978,794
    US Government Securities - End of Year Fair Market Value:

    7,978,794
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACCRUED INTEREST FMV 73,980 73,980

    TY 2020 LegalFeesSchedule
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 5,412 0   5,412


    TY 2020 OtherExpensesSchedule
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LICENSES AND FEES 20 0   0
    OTHER EXPENSES 4,800 0   4,800


    TY 2020 OtherIncreasesSchedule
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 7,282,191


    TY 2020 OtherLiabilitiesSchedule
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Description Beginning of Year - Book Value End of Year - Book Value
    EXCISE TAX PAYABLE 309,000 177,000
    DEFERRED TAX LIABILITY 0 104,000


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 121,776 121,776   0


    TY 2020 TaxesSchedule
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 497,000 0   0
    FOREIGN TAX 14,499 14,499   0