TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020

Name of foundation
PATHWAYS FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)26055 NORTHPOINTE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
FARMINGTON HILLS, MI48331

A Employer identification number

45-6643839

B Telephone number (see instructions)

(248) 476-1949

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$36,673,265J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	987,221		942,024
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		439,350
b	Gross sales price for all assets on line 6a 10,162,056
7	Capital gain net income (from Part IV, line 2)...			423,827
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).......		2,791	0
12	Total. Add lines 1 through 11........	1,429,362		1,365,851
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......	77,308		0	77,308
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		34,924	17,462	17,462
c	Other professional fees (attach schedule)....		75,528	0	38,028
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		17,871	9,561	5,914
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		248,444	247,733	711
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	454,075		274,756	139,423
25	Contributions, gifts, grants paid.......	1,521,094			1,521,094
26	Total expenses and disbursements. Add lines 24 and 25	1,975,169		274,756	1,660,517
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-545,807
b	Net investment income (if negative, enter -0-)			1,091,095
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	10	11	11
	2	Savings and temporary cash investments.........	1,471,865	905,071	905,071
	3	Accounts receivable 57,471
		Less: allowance for doubtful accounts	44,242	57,471	57,471
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	6,944,793	7,731,654	11,275,260
	c	Investments—corporate bonds (attach schedule).......	5,029,144	5,371,105	5,615,000
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	17,936,662	16,815,078	18,820,452
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	31,426,716	30,880,390	36,673,265
	17	Accounts payable and accrued expenses..........	1,881	1,362
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	1,881	1,362
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	31,424,835	30,879,028
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	0	0
	29	Total net assets or fund balances (see instructions).....	31,424,835	30,879,028
	30	Total liabilities and net assets/fund balances (see instructions).	31,426,716	30,880,390

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

31,424,835

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

-545,807

Other increases not included in line 2 (itemize) bullet

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

30,879,028

Decreases not included in line 2 (itemize) bullet

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

30,879,028

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	CALL ISHARES RUSSELL 200 DUE 04/17/20 130.000 2139K6	P	2020-04-06	2020-04-07
b	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 02/21/20 170.000	P	2020-02-24	2020-02-24
c	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 02/21/20 172.000	P	2020-02-24	2020-02-24
d	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 03/20/20 177.000 2139K6	P	2020-03-10	2020-03-11
e	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 04/17/20 141.000	P	2020-03-24	2020-03-25
	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 04/17/20 162.000 2139K6	P	2020-04-01	2020-04-02
	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 04/17/20 179.000 2139K6	P	2020-03-17	2020-03-18
	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 05/15/20 130.000	P	2020-05-15	2020-05-18
	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 09/18/20 150.000	P	2020-09-17	2020-09-18
	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 09/18/20 151.000	P	2020-08-25	2020-09-18
	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 10/16/20 160.000	P	2020-10-16	2020-10-19
	UBS #09811 - CALL ISHARES US REAL EST DUE 05/15/20 73.000	P	2020-05-18	2020-05-18
	UBS #09811 - CALL ISHARES US REAL EST DUE 06/19/20 78.000	P	2020-06-19	2020-06-22
	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 01/17/20 170.000	P	2020-01-21	2020-01-21
	UBS #09811 - CALL ISHARES US REAL EST DUE 07/17/20 77.000	P	2020-07-17	2020-07-20
	UBS #09811 - CALL ISHARES US REAL EST DUE 11/20/20 87.000	P	2020-11-23	2020-11-23
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 03/20/20 318.000	P	2020-03-16	2020-03-17
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 03/20/20 331.000 492221	P	2020-03-10	2020-03-11
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 03/20/20 340.000	P	2020-03-10	2020-03-11
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 04/17/20 285.000	P	2020-04-17	2020-04-20
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 04/17/20 296.000	P	2020-04-03	2020-04-06
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 04/17/20 300.000	P	2020-03-23	2020-03-24
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 04/17/20 345.000	P	2020-03-17	2020-03-18
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 05/15/20 290.000	P	2020-05-18	2020-05-18
	UBS #09811 - CALL SPDR S&P MIDCAP 400 DUE 02/21/20 385.000	P	2020-02-24	2020-02-24
	UBS #09811 - CALL SPDR S&P MIDCAP 400 DUE 03/20/20 355.000	P	2020-03-23	2020-03-23
	UBS #09811 - CALL SPDR S&P MIDCAP 400 DUE 03/20/20 385.000	P	2020-03-23	2020-03-23
	UBS #09811 - CALL ISHARES US REAL EST DUE 09/18/20 84.000	P	2020-09-21	2020-09-21
	UBS #09811 - CALL ISHARES MSCI EMERGI DUE 10/16/20 46.000	P	2020-10-19	2020-10-19
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 03/20/20 335.000 492221	P	2020-03-10	2020-03-11
	UBS #09811 - CALL ISHARES MSCI EAFE E DUE 03/20/20 65.000	P	2020-03-23	2020-03-23
	UBS #09811 - CALL ISHARES MSCI EAFE E DUE 04/17/20 71.000 214BT0	P	2020-03-27	2020-03-30
	UBS #09811 - CALL ISHARES MSCI EAFE E DUE 05/15/20 57.000	P	2020-05-15	2020-05-18
	UBS #09811 - CALL ISHARES MSCI EAFE E DUE 04/17/20 61.000	P	2020-04-06	2020-04-07
	UBS #09811 - CALL ISHARES MSCI EAFE E DUE 09/18/20 64.000	P	2020-09-17	2020-09-18
	UBS #09811 - CALL ISHARES MSCI EAFE E DUE 10/16/20 67.000	P	2020-10-19	2020-10-19
	UBS #09811 - CALL ISHARES MSCI EAFE E DUE 04/17/20 66.000 214BT0	P	2020-03-17	2020-03-18
	UBS #09811 - CALL ISHARES MSCI EAFE E DUE 03/20/20 72.000	P	2020-03-10	2020-03-11
	UBS #09811 - CALL ISHARES MSCI EMERGI DUE 03/20/20 43.500 214DC4	P	2020-03-10	2020-03-11
	UBS #09811 - CALL ISHARES MSCI EAFE E DUE 02/21/20 71.000	P	2020-02-24	2020-02-24
	UBS #09811 - CALL ISHARES MSCI EMERGI DUE 03/20/20 48.000	P	2020-03-23	2020-03-23
	UBS #09811 - CALL ISHARES MSCI EMERGI DUE 02/21/20	P	2020-01-31	2020-02-03
	UBS #09811 - CALL ISHARES MSCI EMERGI DUE 04/17/20 42.000	P	2020-03-31	2020-04-01
	UBS #09811 - CALL ISHARES MSCI EMERGI DUE 04/17/20 47.000	P	2020-04-01	2020-04-02
	UBS #09811 - CALL ISHARES MSCI EMERGI DUE 05/15/20 37.000	P	2020-05-15	2020-05-18
	UBS #09811 - CALL ISHARES MSCI EMERGI DUE 04/17/20 36.000	P	2020-04-17	2020-04-20
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 11/20/20 350.000	P	2020-11-20	2020-11-23
	UBS #09811 - CALL SPDR S&P MIDCAP 400 DUE 01/17/20 380.000	P	2020-01-17	2020-01-21
	UBS #11611 - NII ADJUSTMENT ST	P	2020-01-01	2020-12-31
	UBS #09811 - CALL ISHARES MSCI EMERGI DUE 01/17/20	P	2020-01-17	2020-01-21
	UBS #09811 - CALL ISHARES MSCI EAFE E DUE 01/17/20 70.000	P	2020-01-17	2020-01-21
	UBS #09811 - CALL ISHARES MSCI EAFE E DUE 04/17/20 55.000	P	2020-04-17	2020-04-20
	UBS #09811 - CALL INVESCO QQQ TRUST E DUE 12/18/20 301.000	P	2020-12-17	2020-12-18
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 12/18/20 365.000	P	2020-12-17	2020-12-18
	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 01/17/20 166.000	P	2020-01-17	2020-01-21
	UBS #09811 - CALL SPDR S&P MIDCAP 400 DUE 05/15/20 275.000	P	2020-04-22	2020-04-23
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 01/17/20 322.000	P	2020-01-16	2020-01-17
	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 07/17/20 138.000	P	2020-07-17	2020-07-20
	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 04/17/20 120.000	P	2020-04-17	2020-04-20
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 02/21/20 329.000	P	2020-02-21	2020-02-24
	UBS #11610 - CRANE CO COMMON STOCK	P	2015-02-27	2020-10-27
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 11/20/20 345.000	P	2020-11-20	2020-11-23
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 01/17/20 321.000	P	2020-01-17	2020-01-21
	UBS #11611 - LABORATORY CORP OF AMER HLDGS NOTE RATE 3.75 % MATURES 08/23/20	P	2016-11-21	2020-06-01
	UBS #11610 - ACCENTURE PLC IRELAND CL A FOREIGN STOCK	P	2015-12-21	2020-01-09
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 09/18/20 330.000	P	2020-09-17	2020-09-18
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 02/21/20 330.000	P	2020-02-20	2020-02-21
	UBS #09811 - CALL ISHARES MSCI EMERGI DUE 11/20/20 47.000	P	2020-11-20	2020-11-23
	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 01/17/20 165.000	P	2020-01-17	2020-01-21
	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 05/15/20 118.000	P	2020-05-15	2020-05-18
	UBS #25958 - O REILLY AUTOMOTIVE INC	P	2018-06-13	2020-05-14
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 09/18/20 321.000	P	2020-09-17	2020-09-18
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 06/19/20 292.000	P	2020-06-18	2020-06-19
	UBS #11610 - RAYTHEON TECHNOLOGIES CORP	P	2013-07-29	2020-05-07
	UBS #11610 - COMCAST CORP NEW CL A	P	2018-03-05	2020-05-06
	UBS #09811 - CALL ISHARES MSCI EMERGI DUE 12/18/20 49.000	P	2020-12-10	2020-12-11
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 01/17/20 325.000	P	2020-01-17	2020-01-21
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 10/16/20 340.000	P	2020-10-16	2020-10-19
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 05/15/20 275.000	P	2020-05-15	2020-05-18
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 04/17/20 275.000	P	2020-04-17	2020-04-20
	UBS #09811 - CALL ISHARES MSCI EAFE E DUE 11/20/20 68.000	P	2020-11-20	2020-11-23
	UBS #09811 - CALL ISHARES MSCI EMERGI DUE 07/17/20	P	2020-07-17	2020-07-20
	UBS #25958 - AMERICAN TOWER CORP REIT SBI	P	2018-02-08	2020-02-21
	UBS #11611 - MASCO CORP RATE 5.95 % MATURES 03/15/2022 DATED DATE 03/12/2012	P	2014-11-19	2020-10-06
	UBS #25958 - FIDELITY NATL INFORMATION SVCS	P	2019-09-17	2020-04-02
	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 06/19/20 125.000	P	2020-06-19	2020-06-22
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 07/17/20 290.000	P	2020-07-17	2020-07-20
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 07/17/20 300.000	P	2020-07-17	2020-07-20
	UBS #11610 - PROCTER & GAMBLE CO	P	2019-04-10	2020-01-09
	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 07/17/20 135.000	P	2020-07-17	2020-07-20
	UBS #11611 - SALLY HOLDINGS/SALLY CAP NOTE RATE 5.625 % MATURES 12/01/2025 C	P	2019-06-27	2020-03-25
	UBS #11610 - TEXAS INSTRUMENTS	P	2015-08-20	2020-04-07
	UBS #25958 - O PARKER HANNIFIN CORP COMMON STOCK	P	2018-02-09	2020-05-14
	UBS #11611 - DAVITA HEALTHCARE PARTNE 05.125% 071524 DTD061314 FC011515 CALL	P	2015-06-22	2020-07-15
	UBS #09811 - CALL ISHARES MSCI EMERGI DUE 06/19/20 38.000	P	2020-06-09	2020-06-10
	UBS #09811 - CALL ISHARES MSCI EMERGI DUE 09/18/20 41.000	P	2020-09-17	2020-09-18
	UBS #11611 - REYNOLDS AMERICAN INC NOTE RATE 4.85 % MATURES 09/15/2023	P	2018-09-12	2020-10-29
	UBS #11610 - UNION PACIFIC CORP COMMON STOCK	P	2015-03-10	2020-11-09
	UBS #11611 - HOST HOTELS & RESORTS LP RATE 3.75 % MATURES 10/15/2023 CALLABL	P	2020-05-14	2020-08-27
	UBS #09811 - CALL ISHARES MSCI EAFE E DUE 07/17/20 59.000	P	2020-07-17	2020-07-20
	UBS #11611 - VERISK ANALYTICS INC NOTE RATE 4.125 % MATURES 09/12/2022	P	2015-03-04	2020-09-28
	UBS #11611 - LAB CORP OF AMER HLDGS RATE 4.00 % MATURES 11/01/2023 CALLABLE	P	2018-02-09	2020-05-20
	UBS #11611 - NII ADJUSTMENT	P	2020-01-01	2020-12-31
	UBS #11611 - TRANSDIGM INC COUNTRY: DE RATE 6.50 % MATURES 07/15/2024 CALLAB	P	2020-03-04	2020-06-24
	UBS #11610 - REPUBLIC SERVICES INC	P	2018-06-11	2020-04-07
	UBS #25958 - ACCENTURE PLC IRELAND CL A FOREIGN STOCK	P	2018-02-08	2020-11-19
	UBS #09811 - CALL SPDR S&P MIDCAP 400 DUE 11/20/20 355.000	P	2020-11-20	2020-11-23
	UBS #11611 - EXPEDIA INC NTS B/E 05.950% 081520 DTD080510 FC021511 CALL@MW+5	P	2020-03-12	2020-08-15
	UBS #11610 - LINDE PLC FOREIGN STOCK EUR	P	2016-09-12	2020-11-09
	UBS #11610 - ROCKWELL AUTOMATION INC NEW	P	2015-03-10	2020-11-09
	UBS #11611 - CDW LLC / CDW FIN CORP	P	2020-08-11	2020-01-13
	UBS #25958 - THERMO FISHER SCIENTIFIC INC	P	2018-02-08	2020-06-09
	UBS #25958 - LOWES COMPANIES INC	P	2018-02-13	2020-09-22
	UBS #11611 - STEEL DYNAMICS INC NTS 05.250% 041523 DTD101513 FC041514 CALL@M	P	2020-04-02	2020-07-05
	UBS #11610 - CARRIER GLOBAL CORP	P	2013-07-29	2020-04-21
	UBS #11611 - GAP INC CALL@MW T+40BP 05.950% 041221 DTD041211	P	2020-03-12	2020-05-08
	UBS #25958 - INTERCONTINENTALEXCHANGE GROUP	P	2018-02-08	2020-05-11
	UBS #11610 - MICROSOFT CORP	P	2013-12-10	2020-07-28
	UBS #09811 - CALL ISHARES MSCI EAFE E DUE 06/19/20 57.000 214BT0	P	2020-06-09	2020-06-10
	UBS #11611 - FORTUNE BRNDS HOME & SEC NOTE RATE 4.00 % MATURES 09/21/2023 CA	P	2019-06-27	2020-03-26
	UBS #11610 - MARSH & MCLENNAN COS INC	P	2015-09-15	2020-07-29
	UBS #11610 - INTEL CORP COMMON STOCK	P	2013-07-29	2020-11-06
	UBS #11610 - LOCKHEED MARTIN CORP COMMON STOCK	P	2016-01-15	2020-11-06
	UBS #11611 - AMERICAN TOWER CORP RATE 4.70 % MATURES 03/15/2022	P	2018-02-13	2020-09-17
	UBS #09811 - CALL ISHARES MSCI EAFE E DUE 12/18/20 68.000	P	2020-12-10	2020-12-11
	UBS #25958 - MONDELEZ INTL INC	P	2018-02-13	2020-11-19
	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 06/19/20 130.000	P	2020-06-09	2020-06-10
	UBS #11611 - ZIMMER BIOMET HOLDINGS NOTE RATE 3.05 % MATURES 01/15/2026 CALL	P	2020-06-17	2020-10-13
	UBS #11610 - DIAGEO PLC NEW GB SPON ADR	P	2013-10-08	2020-11-09
	UBS #11610 - BLACKROCK INC	P	2017-01-23	2020-04-07
	UBS #25958 - VISA INC CL A	P	2018-05-16	2020-04-02
	UBS #11610 - AMER ELECTRIC POWER CO COMMON STOCK	P	2019-09-16	2020-07-28
	UBS #11610 - OTIS WORLDWIDE CORP	P	2015-02-02	2020-04-21
	UBS #11610 - AMER ELECTRIC POWER CO COMMON STOCK	P	2019-09-16	2020-10-26
	UBS #11611 - DOLLAR TREE INC NOTE RATE 4.00 % MATURES 05/15/2025 CALLABLE	P	2019-09-19	2020-10-29
	UBS #11610 - JPMORGAN CHASE & CO	P	2018-01-08	2020-04-08
	UBS #11610 - NEXTERA ENERGY INC COM	P	2015-02-17	2020-07-28
	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 11/20/20 162.000	P	2020-11-20	2020-11-23
	UBS #11611 - TRANSDIGM INC NOTE RATE 6.50 % MATURES 05/15/2025 CALLABLE	P	2020-02-03	2020-07-17
	UBS #11611 -EXPEDIA INC NTS B/E 05.950% 081520 DTD080510 FC021511 CALL	P	2013-07-31	2020-08-15
	UBS #11611 - GAP INC CALL@MW T+40BP 05.950% 041221 DTD041211	P	2013-07-31	2020-05-08
	UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 07/17/20 298.000	P	2020-07-17	2020-07-20
	UBS #11610 - HOME DEPOT INC	P	2015-10-07	2020-11-09
	UBS #11611 - MOTOROLA INC NTS B/E 03.750% 051522 DTD051512 CALL@MW+30BP	P	2018-02-14	2020-09-14
	UBS #11610 - TRUIST FINL CORP	P	2018-04-18	2020-04-07
	UBS #09811 - CALL ISHARES RUSSELL 200 DUE 12/18/20 174.000 2139K6	P	2020-12-10	2020-12-11
	UBS #25958 - ADOBE INC. (DELAWARE)	P	2018-02-08	2020-11-18
	UBS #11611 - DISCOVERY COMM INC NOTE RATE 2.95 % MATURES 03/20/2023 CALLABLE	P	2020-01-07	2020-05-22
	UBS #11611 - EXPEDIA INC CALL@MW+35BP COUNTRY: DE NOTE RATE 4.50 % MATURES 0	P	2016-02-26	2020-12-02
	UBS #11610 - PROCTER & GAMBLE CO	P	2019-04-10	2020-11-09
	UBS #25958 - FACEBOOK INC CL A	P	2018-02-08	2020-06-08
	UBS #25958 - DANAHER CORP COMMON STOCK	P	2018-02-08	2020-10-26
	UBS #25958 - ROCKWELL AUTOMATION INC NEW	P	2018-03-07	2020-09-10
	UBS #25958 - HOME DEPOT INC	P	2018-02-09	2020-09-22
	UBS #11611 - LABORATORY CORP OF AMER NOTE RATE 3.25 % MATURES 09/01/2024 CAL	P	2019-01-22	2020-06-04
	UBS #11611 - DAVITA INC B/E 05.000% 050125 DTD041715 FC110115 CALL@MW+50BP	P	2019-10-18	2020-08-21
	UBS #11611 - EXPEDIA INC NOTE RATE 5.00 % MATURES 02/15/2026 CALLABLE DATED	P	2020-08-20	2020-11-25
	UBS #25958 - LAUDER ESTEE COS CL A	P	2019-04-10	2020-09-10
	UBS #11611 - HOST HOTELS & RESORTS 04.750% 030123 DTD080912 FC030113 CALL@MW	P	2018-02-09	2020-08-20
	UBS #25958 - COSTCO WHOLESALE CORP	P	2019-03-21	2020-06-10
	UBS #25958 - MICROSOFT CORP	P	2018-05-15	2020-06-08
	UBS #25958 - COMCAST CORP NEW CL A	P	2018-02-08	2020-09-22
	UBS #11610 - NOVARTIS AG SPON ADR	P	2013-07-29	2020-10-06
	UBS #25958 - HONEYWELL INTL INC	P	2018-06-13	2020-11-20
	UBS #11611 - FORTUNE BRNDS HOME & SEC NOTE RATE 4.00 % MATURES 09/21/2023 CA	P	2019-03-05	2020-03-26
	UBS #11610 - JOHNSON & JOHNSON COM COMMON STOCK	P	2017-06-13	2020-10-06
	UBS #11611 - CDW LLC / CDW FIN CORP 05.000% 090125 DTD030217 FC090117 CALL@M	P	2018-04-24	2020-08-11
	UBS #11611 - US TSY NOTE 01.375 % DUE 02/29/20 DTD 02/28/15 FC 08/31/15	P	2019-10-17	2020-02-29
	UBS #11611 - EXPEDIA INC NOTE RATE 5.00 % MATURES 02/15/2026 CALLABLE DATED	P	2018-02-15	2020-11-25
	UBS #11611 - DAVITA INC B/E 05.000% 050125 DTD041715 FC110115 CALL@MW+50BP	P	2018-02-08	2020-08-21
	UBS #11611 - LABORATORY CORP OF AMER CALL@MW+25BP NOTE RATE 3.20 % MATURES 0	P	2018-02-09	2020-05-04
	UBS #25958 - ALPHABET INC CL A	P	2018-05-15	2020-09-09
	UBS #09811 - ISHARES RUSSELL 2000 ETF	P	2016-11-21	2020-08-25
	UBS #25958 - AMAZON.COM INC	P	2019-01-03	2020-04-16
	UBS #11610 - DOMINION ENERGY INC	P	2014-02-27	2020-05-14
	UBS #11611 - HOST HOTELS & RESORTS LP RATE 3.75 % MATURES 10/15/2023 CALLABL	P	2018-03-13	2020-08-27
	UBS #11611 - UNITED RENTALS NORTH AM 05.500% 071525 DTD032615 FC071515 CALL@	P	2018-02-09	2020-08-28
	UBS #11610 - CHEVRON CORP	P	2020-05-22	2020-11-27
	UBS #25958 - WALT DISNEY CO (HOLDING CO) DISNEY COM	P	2018-09-18	2020-05-11
	UBS #11610 - WALT DISNEY CO (HOLDING CO) DISNEY COM	P	2016-01-15	2020-05-06
	UBS #11611 - ZIMMER HOLDINGS INC RATE 3.55 % MATURES 04/01/2025 CALLABLE	P	2019-04-26	2020-03-27
	UBS #11611 - TRANSDIGM INC COUNTRY: DE RATE 6.50 % MATURES 07/15/2024 CALLAB	P	2018-04-02	2020-06-24
	UBS #11611 - GAP INC CALL@MW T+40BP 05.950% 041221 DTD041211	P	2018-02-15	2020-05-08
	UBS #09811 - ISHARES MSCI EMERGING MARKETS	P	2016-03-21	2020-08-25
	UBS #11611 - US TSY NOTE 02.375 % DUE 04/30/20 DTD 04/30/18 FC 10/31/18	P	2019-12-24	2020-03-19
	UBS #11611 - US TSY NOTE 01.375 % DUE 02/29/20 DTD 02/28/15 FC 08/31/15	P	2019-02-27	2020-02-29
	UBS #11611 - STEEL DYNAMICS INC NTS 05.500% 100124 DTD040115 FC100115 CALL@M	P	2020-04-02	2020-07-05
	UBS #11611 - SALLY HOLDINGS/SALLY CAP NOTE RATE 5.625 % MATURES 12/01/2025 C	P	2018-02-13	2020-03-25
	UBS #11611 - JUNIPER NETWORKS INC 04.350% 061525 DTD030415 FC061515 CALL@MW+	P	2018-02-08	2020-12-10
	UBS #11509 - BLACKSTONE STRATEGIC CREDIT FUND	P	2013-10-09	2020-07-06
	UBS #11611 - CAMPBELL SOUP CO NOTE RATE 3.65 % MATURES 03/15/2023 CALLABLE	P	2018-07-13	2020-01-30
	UBS #11611 - AT&T INC NOTE RATE 3.95 % MATURES 01/15/2025 CALLABLE DATED DAT	P	2018-02-26	2020-08-05
	UBS #11611 - OMNICOM GROUP INC RATE 3.60 % MATURES 04/15/2026 CALLABLE DATED	P	2019-02-25	2020-05-20
	UBS #11611 - CDCITRIX SYSTEMS INC	P	2019-05-30	2020-03-02
	UBS #09811 - SPDR S&P 500 ETF TR	P	2016-07-18	2020-08-25
	UBS #25958 - BOEING COMPANY COMMON STOCK	P	2019-05-28	2020-03-25
	UBS #25959 - BLACKROCKTECHNOLOGY OPPORTUNITIES FUND CLASS I	P	2018-09-17	2020-10-05
	UBS #11610 - ISHARES SELECT DIVIDEND	P	2017-03-17	2020-05-22
	UBS #09811 - SPDR S&P MIDCAP 400 ETF TR	P	2016-07-18	2020-06-18
	UBS #11509 - PIMCO DYNAMIC CREDIT AND MORTGAGE INCOME FUND	P	2018-05-16	2020-12-02
	UBS #09811 - ISHARES MSCI EAFE ETF	P	2016-03-21	2020-06-12
	UBS #11509 - METROPOLITAN WEST UNCONSTRAINED BOND FUND I	P	2016-12-16	2020-10-16
	UBS #11509 - BLACKROCK FLOATING RATE INCOME PORTFOLIOINSTITUTIONAL	P	2018-02-08	2020-11-10
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	749		749
b	260		260
c	3,328		3,328
d	1,014		1,014
e	4,563		4,563
	2,574		2,574
	344		344
	1,040		1,040
	2,673		2,673
	9,156		9,156
	700		700
	3,667		3,667
	57		57
	245		245
	1,199		1,199
	2,058		2,058
	1,165		1,165
	4,424		4,424
	879		879
	4,137		4,137
	10,507		10,507
	4,319		4,319
	4,398		4,398
	9,309		9,309
	1,650		1,650
	570		570
	1,900		1,900
	3,828		3,828
	2,902		2,902
	5,225		5,225
	2,990		2,990
	690		690
	2,538		2,538
	6,117		6,117
	3,198		3,198
	3,240		3,240
	1,721		1,721
	2,460		2,460
	646		646
	2,080		2,080
	1,089		1,089
	810		810
	1,028		1,028
	502		502
	2,046		2,046
	123		123
		12	-12
		120	-120
		146	-146
		386	-386
		447	-447
		622	-622
		1,095	-1,095
		1,229	-1,229
		2,884	-2,884
		3,000	-3,000
		3,280	-3,280
		3,510	-3,510
		3,636	-3,636
		3,984	-3,984
	3,592	4,504	-912
		4,912	-4,912
		5,598	-5,598
	6,340	6,085	255
	12,390	6,165	6,225
		6,502	-6,502
		6,576	-6,576
		6,678	-6,678
		6,699	-6,699
		6,787	-6,787
	9,894	7,097	2,797
		7,336	-7,336
		7,580	-7,580
	8,215	7,968	247
	8,250	8,250	0
		8,400	-8,400
		8,634	-8,634
		9,071	-9,071
		9,353	-9,353
		9,400	-9,400
		9,914	-9,914
		10,344	-10,344
	19,818	10,854	8,964
	11,799	11,256	543
	10,428	12,085	-1,657
		12,199	-12,199
		13,007	-13,007
		13,442	-13,442
	16,064	13,593	2,471
		13,739	-13,739
	11,200	13,755	-2,555
	31,876	13,846	18,030
	12,049	13,918	-1,869
	14,239	14,000	239
		14,228	-14,228
		14,258	-14,258
	15,651	14,330	1,321
	25,279	14,341	10,938
	15,534	14,616	918
		15,038	-15,038
	15,987	15,187	800
	16,118	15,188	930
		15,377	-15,377
	14,550	15,439	-889
	17,532	15,798	1,734
	25,154	16,062	9,092
		16,410	-16,410
	17,000	17,000	0
	27,468	17,490	9,978
	31,406	17,646	13,760
	17,663	17,675	-12
	30,741	17,987	12,754
	30,891	18,331	12,560
	19,166	18,486	680
	13,338	18,704	-5,366
	19,589	18,837	752
	26,320	19,236	7,084
	89,837	19,513	70,324
		19,759	-19,759
	19,390	19,845	-455
	43,500	20,389	23,111
	49,778	20,958	28,820
	37,360	21,404	15,956
	22,298	21,425	873
		22,892	-22,892
	31,693	23,160	8,533
		23,341	-23,341
	24,199	23,376	823
	27,302	23,447	3,855
	30,010	24,544	5,466
	31,317	25,359	5,958
	23,631	25,772	-2,141
	20,795	26,155	-5,360
	26,542	26,508	34
	29,352	27,097	2,255
	23,296	27,100	-3,804
	71,252	27,695	43,557
		28,215	-28,215
	27,020	29,068	-2,048
	30,000	30,000	0
	30,930	30,488	442
		30,642	-30,642
	60,256	31,302	28,954
	34,808	33,020	1,788
	20,590	33,758	-13,168
		36,475	-36,475
	75,604	37,874	37,730
	39,672	38,736	936
	41,974	38,818	3,156
	51,081	39,732	11,349
	52,670	40,000	12,670
	84,857	43,248	41,609
	48,765	46,947	1,818
	65,662	49,312	16,350
	56,001	51,276	4,725
	52,275	51,619	656
	54,250	52,033	2,217
	75,060	52,724	22,336
	56,710	54,262	2,448
	69,713	54,638	15,075
	110,917	57,616	53,301
	60,422	60,711	-289
	74,987	64,308	10,679
	82,916	65,136	17,780
	66,333	65,363	970
	75,119	67,370	7,749
	73,769	71,320	2,449
	72,981	72,904	77
	80,290	75,292	4,998
	83,025	79,678	3,347
	82,413	79,680	2,733
	117,736	81,146	36,590
	98,133	83,346	14,787
	131,666	83,357	48,309
	103,462	93,090	10,372
	98,384	94,547	3,837
	95,558	95,597	-39
	101,273	104,951	-3,678
	113,386	105,395	7,991
	110,860	106,901	3,959
	110,993	110,575	418
	106,065	111,381	-5,316
	113,410	112,135	1,275
	103,452	120,084	-16,632
	121,242	121,112	130
	132,000	132,000	0
	141,795	134,725	7,070
	109,600	138,707	-29,107
	172,943	149,775	23,168
	96,664	150,095	-53,431
	159,769	150,140	9,629
	170,275	151,584	18,691
	170,473	156,760	13,713
	172,898	158,001	14,897
	278,039	179,476	98,563
	89,187	192,759	-103,572
	400,000	219,827	180,173
	256,587	300,495	-43,908
	330,564	340,167	-9,603
	346,279	363,700	-17,421
	404,802	462,938	-58,136
	800,000	791,269	8,731
	1,180,000	1,257,328	-77,328
	56,280		56,280

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			749
b			260
c			3,328
d			1,014
e			4,563
			2,574
			344
			1,040
			2,673
			9,156
			700
			3,667
			57
			245
			1,199
			2,058
			1,165
			4,424
			879
			4,137
			10,507
			4,319
			4,398
			9,309
			1,650
			570
			1,900
			3,828
			2,902
			5,225
			2,990
			690
			2,538
			6,117
			3,198
			3,240
			1,721
			2,460
			646
			2,080
			1,089
			810
			1,028
			502
			2,046
			123
			-12
			-120
			-146
			-386
			-447
			-622
			-1,095
			-1,229
			-2,884
			-3,000
			-3,280
			-3,510
			-3,636
			-3,984
			-912
			-4,912
			-5,598
			255
			6,225
			-6,502
			-6,576
			-6,678
			-6,699
			-6,787
			2,797
			-7,336
			-7,580
			247
			0
			-8,400
			-8,634
			-9,071
			-9,353
			-9,400
			-9,914
			-10,344
			8,964
			543
			-1,657
			-12,199
			-13,007
			-13,442
			2,471
			-13,739
			-2,555
			18,030
			-1,869
			239
			-14,228
			-14,258
			1,321
			10,938
			918
			-15,038
			800
			930
			-15,377
			-889
			1,734
			9,092
			-16,410
			0
			9,978
			13,760
			-12
			12,754
			12,560
			680
			-5,366
			752
			7,084
			70,324
			-19,759
			-455
			23,111
			28,820
			15,956
			873
			-22,892
			8,533
			-23,341
			823
			3,855
			5,466
			5,958
			-2,141
			-5,360
			34
			2,255
			-3,804
			43,557
			-28,215
			-2,048
			0
			442
			-30,642
			28,954
			1,788
			-13,168
			-36,475
			37,730
			936
			3,156
			11,349
			12,670
			41,609
			1,818
			16,350
			4,725
			656
			2,217
			22,336
			2,448
			15,075
			53,301
			-289
			10,679
			17,780
			970
			7,749
			2,449
			77
			4,998
			3,347
			2,733
			36,590
			14,787
			48,309
			10,372
			3,837
			-39
			-3,678
			7,991
			3,959
			418
			-5,316
			1,275
			-16,632
			130
			0
			7,070
			-29,107
			23,168
			-53,431
			9,629
			18,691
			13,713
			14,897
			98,563
			-103,572
			180,173
			-43,908
			-9,603
			-17,421
			-58,136
			8,731
			-77,328
			56,280

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	423,827
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE

1 Reserved

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

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

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

Form 990-PF (2020)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	15,166
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	15,166
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	15,166
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	15,190
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	20,000
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	35,190
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	20,024
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax20,024	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address bullet

N/A

The books are in care of bullet

TODD R WATSON Telephone no. bullet

(248) 476-1949

Located at bullet

26055 NORTHPOINTEFARMINGTON HILLSMI ZIP+4 bullet

48331

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2020?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2020, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2020?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2020.)..................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .................YesNo

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
TODD R WATSON	TRUSTEE 0.00	0	0	0
26055 NORTHPOINTE FARMINGTON HILLS,MI48331	TRUSTEE 0.00	0	0	0
JILL WATSON	TRUSTEE 0.00	0	0	0
26055 NORTHPOINTE FARMINGTON HILLS,MI48331	TRUSTEE 0.00	0	0	0

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
TARA HACK	EXECUTIVE DIRECTOR 40.00	77,308	0	0
1276 SMITH AVE BIRMINGHAM,MI48009	EXECUTIVE DIRECTOR 40.00	77,308	0	0








Total number of other employees paid over $50,000...................				0

Form 990-PF (2020)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
SKIDMORE STUDIOS	BRANDING AND DESIGNING SERVICES	75,000
1265 GRISWOLD STREET 6 DETROIT,MI48226	BRANDING AND DESIGNING SERVICES	75,000

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

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

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

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

purposes:

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

23,025,745

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

1,651,535

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

57,471

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

24,734,751

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

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

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

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

24,734,751

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

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

371,021

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

24,363,730

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

1,218,187

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

1,218,187

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

15,166

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

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

15,166

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

1,203,021

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

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

1,203,021

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

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

1,203,021

Part XII

Qualifying Distributions (see instructions)

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

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

1,660,517

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

1,660,517

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b. See instructions.................

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

1,660,517

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					1,203,021
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......	349,517
fTotal of lines 3a through e........		349,517
4Qualifying distributions for 2020 from Part
XII, line 4: $ 1,660,517
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.....					1,203,021
e Remaining amount distributed out of corpus		457,496
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		807,013
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 ......		807,013
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....	349,517
e Excess from 2020....	457,496

Form 990-PF (2020)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

JILL WATSON

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2020)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BIG GREEN 1637 PEARL ST SUITE 201 BOULDER,CO80302		PC	GENERAL FUND	250,000
COLLEGE FOR CREATIVE STUDIES 201 E KIRBY ST DETROIT,MI48202		PC	SCHOLARSHIPS ; CAP PROGRAM	81,094
DETROIT FOOD ACADEMY 4444 SECOND AVENUE DETROIT,MI48201		PC	GENERAL FUND	75,000
DETROIT HORSE POWER 909 VIRGINIA PARK ST DETROIT,MI48202		PC	GENERAL FUND	25,000
EASTERN MARKET PARTNERSHIP 2934 RUSSELL ST DETROIT,MI48207		PC	FRESH RX PROGRAM ; FOOD BOX PROGRAM	75,000
FORGOTTEN HARVEST 21800 GREENFIELD ROAD OAK PARK,MI48237		PC	GENERAL FUND ; CAPITAL CAMPAIGN	300,000
GIRLS GROUP NEW CENTER 1100 NORTH MAIN ANN ARBOR,MI48104		PC	GENERAL FUND ; SCHOLARSHIP FUND	125,000
HABITAT FOR HUMANITY 618 S CREYTS RD LANSING,MI48917		PC	GENERAL FUND	50,000
IMAGINE LOS ANGELES INC 672 SLAFAYETTE PARK PLACE SUITE 28 LOS ANGELES,CA90057		PC	GENERAL FUND	10,000
KEEP GROWING DETROIT 76 E FOREST DETROIT,MI48201		PC	GENERAL FUND	75,000
MIDNIGHT GOLF PROGRAM 30100 TELEGRAPH ROAD BINGHAM FARMS,MI48025		PC	GENERAL FUND	25,000
ORCHARDS CHILDRENS SERVICE 24901 NORTHWESTERN HIGHWAY SOUTHFIELD,MI48075		PC	GENERAL FUND ; PROMISE SCHOLARSHIP	100,000
PLANNED PARENTHOOD PO BOX 3673 ANN ARBOR,MI48106		PC	GENERAL FUND	125,000
BRILLIANT DETROIT 5675 LARKINS STREET DETROIT,MI48210		PC	GENERAL FUND	150,000
CITY YEAR INC 287 COLUMBUS AVE BOSTON,MA02116		PC	GENERAL FUND	50,000
SOUTHERN ILLINOIS FIRST 1742 RIVIERA LANE O FALLON,IL62205		PC	ROBOTICS ORGANIZATION	5,000
Total ................................. 3a				1,521,094

bApproved for future payment

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

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	987,221
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	439,350
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aPENALTIES/INTEREST			01	2,791
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		1,429,362	0

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

1,429,362

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2020)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
UBS #11611 - ZIMMER HOLDINGS INC B/E	49,809	55,230
UBS #11611 - ZIMMER BIOMET HOLDINGS	88,503	91,519
UBS #11611 - WILLIS NA INC NTS B/E	114,778	124,478
UBS #11611 - WESTERN DIGITAL CORP NTS	164,406	182,325
UBS #11611 - VERIZON COMMUNICATIONS	141,041	140,264
UBS #11611 - VERISK ANALYTICS INC NTS	17,741	18,007
UBS #11611 - VERISK ANALYTICS INC B/E	39,812	36,616
UBS #11611 - VERISK ANALYTICS INC B/E	78,719	88,358
UBS #11611 - UNITED RENTALS NORTH AM	160,528	160,500
UBS #11611 - TRINITY ACQUISITION PLC	36,002	37,466
UBS #11611 - TOTAL SYS SERVICES INC	33,924	34,187
UBS #11611 - TOTAL SYS SERVICES IN	114,476	122,926
UBS #11611 - STEEL DYNAMICS INC NTS	25,819	26,796
UBS #11611 - SERVICE CORP INTL B/E	23,540	23,430
UBS #11611 - SBA COMM CORP NTS B/E	140,400	147,705
UBS #11611 - RPM INTL INC B/E	25,491	27,008
UBS #11611 - REYNOLDS AMERN INC NTS	136,160	146,103
UBS #11611 - QVC INC NTS B/E	73,048	76,559
UBS #11611 - QVC INC NTS B/E	21,875	26,813
UBS #11611 - QVC INC B/E	74,994	81,153
UBS #11611 - QORVO INC NTS B/E	158,545	162,833
UBS #11611 - PRICELINE GROUP INC B/E	161,692	165,938
UBS #11611 - PAYPAL HOLDINGS INC NTS	23,042	23,083
UBS #11611 - MOTOROLA SOLUTIONS INC	104,151	115,082
UBS #11611 - MOTOROLA INC MTNS	17,838	19,024
UBS #11611 - MOLSON COORS BREWING CO	147,155	146,083
UBS #11611 - MICROCHIP TECHNOLOGY INC	153,545	160,210
UBS #11611 - MASCO CORP NTS B/E	106,430	118,250
UBS #11611 - MASCO CORP B/E	30,188	28,749
UBS #11611 - KRAFT HEINZ FOODS CO NTS	153,562	166,292
UBS #11611 - KOHLS CORP NTS B/E	15,450	19,457
UBS #11611 - KOHLS CORP B/E	9,292	9,625
UBS #11611 - KOHLS CORP B/E	160,503	176,258
UBS #11611 - KLA-TENCOR CORP NTS B/E	159,042	167,320
UBS #11611 - IHS MARKIT LTD NTS B/E	149,911	153,941
UBS #11611 - HEWLETT PACKARD CO NTS	167,025	172,132
UBS #11611 - FORTUNE BRNDS HOME & SEC	68,478	70,821
UBS #11611 - FISERV INC NTS B/E	166,575	171,586
UBS #11611 - DOLLAR TREE INC NTS B/E	26,466	28,230
UBS #11611 - DOLLAR TREE INC B/E	108,156	117,827
UBS #11611 - DISCOVERY COMM LLC NTS	16,827	16,853
UBS #11611 - DISCOVERY COMM INC NTS	43,940	45,304
UBS #11611 - DISCOVERY COMM INC NTS	77,749	84,936
UBS #11611 - CITRIX SYSTEMS INC NTS	147,039	155,221
UBS #11611 - CENTURYLINK INC NTS B/E	139,840	141,563
UBS #11611 - CENTURYLINK INC B/E	15,563	15,638
UBS #11611 - CDW LLC / CDW FIN CORP	61,785	63,346
UBS #11611 - CDW LLC / CDW FIN CORP	96,960	97,891
UBS #11611 - CDK GLOB INC NTS B/E	149,299	146,873
UBS #11611 - CARRIER GLOB CORP NTS	44,972	45,320
UBS #11611 - CARLISLE COS INC NTS B/E	149,719	165,519
UBS #11611 - CA INC NTS B/E	149,029	155,558
UBS #11611 - AT&T INC NTS B/E	67,166	67,905
UBS #11611 - AT&T INC NTS B/E	27,637	28,216
UBS #11611 - AT&T INC B/E	50,356	50,298
UBS #11611 - AMERICAN TOWER CORP B/E	55,816	55,617
UBS #11611 - AMERICAN TOWER CORP B/E	82,452	89,222
UBS #11611 - AMC NETWORKS INC NTS B/E	84,504	85,365
UBS #11611 - AMC NETWORKS INC NTS B/E	70,088	72,289
UBS #11611 - ALTRIA GROUP INC NTS B/E	21,924	22,060
UBS #11611 - ALLEGION US HLDG CO INC	154,317	169,822
UBS #1161 - INTL GAME TECHNOLOGY	13,902	0
UBS #1161 - FNR 2011-140 P	1,389	0
UBS #1161 - FN MA0575	720	0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
UBS #25958 - VISA INC CL A SHS 1,196	174,329	261,601
UBS #25958 - UNITEDHEALTH GROUP INC SHS 885	213,700	310,352
UBS #25958 - TJX COS INC NEW SHS 2,807	122,716	191,690
UBS #25958 - THERMO FISHER SCIENTIFIC INC SHS 462	110,215	215,190
UBS #25958 - SHERWIN WILLIAMS CO SHS 155	84,541	113,911
UBS #25958 - SALESFORCE.COM INC SHS 671	120,491	149,318
UBS #25958 - ROCKWELL AUTOMATION INC NEW SHS 253	47,438	63,455
UBS #25958 - PARKER HANNIFIN CORP SHS 564	106,126	153,639
UBS #25958 - O REILLY AUTOMOTIVE INC SHS 300	93,162	135,771
UBS #25958 - MONDELEZ INTL INC SHS 1,591	72,286	93,026
UBS #25958 - MICROSOFT CORP SHS 2,816	310,065	626,335
UBS #25958 - MEDTRONIC PLC SHS 1,520	129,635	178,053
UBS #25958 - LOWES COMPANIES INC SHS 838	78,996	134,507
UBS #25958 - LAUDER ESTEE COS CL A SHS 254	42,120	67,612
UBS #25958 - INTERCONTINENTALEXCHANGE GROUP SHS 950	71,219	109,526
UBS #25958 - HONEYWELL INTL INC SHS 632	99,496	134,426
UBS #25958 - HOME DEPOT INC SHS 463	90,639	122,982
UBS #25958 - FIDELITY NATL INFORMATION SVCS SHS 1,150	157,535	162,679
UBS #25958 - FACEBOOK INC CL A SHS 1,426	244,861	389,526
UBS #25958 - DOLLAR GEN CORP NEW SHS 537	101,851	112,931
UBS #25958 - DANAHER CORP SHS 606	67,876	134,617
UBS #25958 - COSTCO WHOLESALE CORP SHS 192	46,011	72,342
UBS #25958 - COMCAST CORP NEW CL A SHS 2,813	104,990	147,401
UBS #25958 - APPLE INC SHS 3,071	311,145	407,491
UBS #25958 - AMERIPRISE FINANCIAL INC SHS 795	96,420	154,492
UBS #25958 - AMERICAN TOWER CORP REIT SHS 703	129,813	157,795
UBS #25958 - AMAZON.COM INC SHS 178	328,706	579,734
UBS #25958 - ALPHABET INC CL A SHS 272	298,876	476,718
UBS #25958 - ADOBE INC. (DELAWARE) SHS 410	104,991	205,049
UBS #25958 - ACCENTURE PLC IRELAND CL A SHS 726	121,323	189,638
UBS #11610 - VF CORP SHS 1,957	126,604	167,147
UBS #11610 - UNITED PARCEL SERVICE INC CL B SHS 622	102,305	104,745
UBS #11610 - UNION PACIFIC CORP SHS 803	115,907	167,201
UBS #11610 - TRUIST FINL CORP 1,798	81,706	86,178
UBS #11610 - TEXAS INSTRUMENTS SHS 1,282	149,959	210,415
UBS #11610 - ROCKWELL AUTOMATION INC NEW SHS 431	60,186	108,099
UBS #11610 - REPUBLIC SERVICES INC SHS 947	65,797	91,196
UBS #11610 - RAYTHEON TECHNOLOGIES CORP SHS 1,403	86,823	100,329
UBS #11610 - PROCTER & GAMBLE CO SHS 1,294	143,116	180,047
UBS #11610 - PHILLIPS 66 SHS 1,753	124,958	122,605
UBS #11610 - NOVARTIS AG SPON ADR SHS 1,829	146,206	172,712
UBS #11610 - NEXTERA ENERGY INC COM SHS 1,284	59,087	99,061
UBS #11610 - MICROSOFT CORP SHS 2,080	159,771	462,634
UBS #11610 - MEDTRONIC PLC SHS 1,857	158,448	217,529
UBS #11610 - MARSH & MCLENNAN COS INC SHS 1,328	88,649	155,376
UBS #11610 - LOCKHEED MARTIN CORP SHS 382	103,086	135,602
UBS #11610 - LINDE PLC EUR SHS 652	113,900	171,809
UBS #11610 - JPMORGAN CHASE & CO SHS 1,402	151,751	178,152
UBS #11610 - JOHNSON & JOHNSON COM SHS 1,475	201,080	232,136
UBS #11610 - INTEL CORP SHS 3,517	139,403	175,217
UBS #11610 - HOME DEPOT INC SHS 767	111,933	203,731
UBS #11610 - DIAGEO PLC NEW GB SPON ADR SHS 857	100,073	136,100
UBS #11610 - CRANE CO SHS 863	58,774	67,021
UBS #11610 - COMCAST CORP NEW CL A SHS 4,730	176,373	247,852
UBS #11610 - CISCO SYSTEMS INC SHS 4,817	209,767	215,561
UBS #11610 - CHUBB LTD CHF SHS 1,233	150,034	189,782
UBS #11610 - BLACKROCK INC SHS 231	107,449	166,676
UBS #11610 - AMGEN INC SHS 717	178,408	164,853
UBS #11610 - AMER ELECTRIC POWER CO SHS 779	64,724	64,867
UBS #11610 - ACCENTURE PLC IRELAND CL A SHS 876	113,805	228,820

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
UBS #25959 - PRINCIPAL SMALL-MIDCAP DIVIDEND INC FUND CLASS INST SHS 38,550.	FMV	627,072	545,496
UBS #25959 - MATTHEWS ASIA DIVIDEND SHS 31,204.260	FMV	587,186	706,152
UBS #25959 - HARDING LOEVNER INTERNATIONAL EQUITY FUND SHS 25,183.931	FMV	560,000	715,727
UBS #25959 - COHEN & STEERS REAL SHS 42,065.841	FMV	605,874	685,673
UBS #25959 - BLACKROCKTECHNOLOGY SHS 11,942.519	FMV	387,958	778,413
UBS #25959 - BLACKROCK SCIENCE & TECHNOLOGY SHS 7,324	FMV	202,254	266,447
UBS #25959 - BLACKROCK HEALTH SCIENCES TR SHS 8,089	FMV	202,160	231,750
UBS #25959 - ABERDEEN EMERGING SHS 36,878.105	FMV	566,067	749,363
UBS #11611 - ZIMMER HOLDINGS INC B/E	FMV	0	444
UBS #11611 - ZIMMER BIOMET HOLDINGS	FMV	0	1,167
UBS #11611 - WILLIS NA INC NTS B/E	FMV	0	524
UBS #11611 - WESTERN DIGITAL CORP NTS	FMV	0	2,961
UBS #11611 - VERIZON COMMUNICATIONS	FMV	0	1,432
UBS #11611 - VERISK ANALYTICS INC NTS	FMV	0	212
UBS #11611 - VERISK ANALYTICS INC B/E	FMV	0	348
UBS #11611 - VERISK ANALYTICS INC B/E	FMV	0	139
UBS #11611 - UNITED RENTALS NORTH AM	FMV	0	3,117
UBS #11611 - TRINITY ACQUISITION PLC	FMV	0	594
UBS #11611 - TOTAL SYS SERVICES INC	FMV	0	323
UBS #11611 - TOTAL SYS SERVICES IN	FMV	0	359
UBS #11611 - STEEL DYNAMICS INC NTS	FMV	0	98
UBS #11611 - SERVICE CORP INTL B/E	FMV	0	45
UBS #11611 - SBA COMM CORP NTS B/E	FMV	0	2,340
UBS #11611 - RPM INTL INC B/E	FMV	0	115
UBS #11611 - REYNOLDS AMERN INC NTS	FMV	0	1,871
UBS #11611 - QVC INC NTS B/E	FMV	0	940
UBS #11611 - QVC INC NTS B/E	FMV	0	449
UBS #11611 - QVC INC B/E	FMV	0	1,278
UBS #11611 - QORVO INC NTS B/E	FMV	0	1,367
UBS #11611 - PRICELINE GROUP INC B/E	FMV	0	438
UBS #11611 - PAYPAL HOLDINGS INC NTS	FMV	0	139
UBS #11611 - MOTOROLA SOLUTIONS INC	FMV	0	1,373
UBS #11611 - MOTOROLA INC MTNS	FMV	0	210
UBS #11611 - MOLSON COORS BREWING CO	FMV	0	1,854
UBS #11611 - MICROCHIP TECHNOLOGY INC	FMV	0	534
UBS #11611 - MASCO CORP NTS B/E	FMV	0	1,146
UBS #11611 - MASCO CORP B/E	FMV	0	473
UBS #11611 - KRAFT HEINZ FOODS CO NTS	FMV	0	2,750
UBS #11611 - KOHLS CORP NTS B/E	FMV	0	182
UBS #11611 - KOHLS CORP B/E	FMV	0	19
UBS #11611 - KOHLS CORP B/E	FMV	0	3,156
UBS #11611 - KLA-TENCOR CORP NTS B/E	FMV	0	1,139
UBS #11611 - IHS MARKIT LTD NTS B/E	FMV	0	2,474
UBS #11611 - HEWLETT PACKARD CO NTS	FMV	0	182
UBS #11611 - FORTUNE BRNDS HOME & SEC	FMV	0	722
UBS #11611 - FISERV INC NTS B/E	FMV	0	302
UBS #11611 - DOLLAR TREE INC NTS B/E	FMV	0	128
UBS #11611 - DOLLAR TREE INC B/E	FMV	0	531
UBS #11611 - DISCOVERY COMM LLC NTS	FMV	0	26
UBS #11611 - DISCOVERY COMM INC NTS	FMV	0	356
UBS #11611 - DISCOVERY COMM INC NTS	FMV	0	820
UBS #11611 - CITRIX SYSTEMS INC NTS	FMV	0	495
UBS #11611 - CENTURYLINK INC NTS B/E	FMV	0	2,344
UBS #11611 - CENTURYLINK INC B/E	FMV	0	256
UBS #11611 - CDW LLC / CDW FIN CORP	FMV	0	638
UBS #11611 - CDW LLC / CDW FIN CORP	FMV	0	1,716
UBS #11611 - CDK GLOB INC NTS B/E	FMV	0	366
UBS #11611 - CARRIER GLOB CORP NTS	FMV	0	396
UBS #11611 - CARLISLE COS INC NTS B/E	FMV	0	440
UBS #11611 - CA INC NTS B/E	FMV	0	2,054
UBS #11611 - AT&T INC NTS B/E	FMV	0	847
UBS #11611 - AT&T INC NTS B/E	FMV	0	372
UBS #11611 - AT&T INC B/E	FMV	0	609
UBS #11611 - AMERICAN TOWER CORP B/E	FMV	0	733
UBS #11611 - AMERICAN TOWER CORP B/E	FMV	0	263
UBS #11611 - AMC NETWORKS INC NTS B/E	FMV	0	1,050
UBS #11611 - AMC NETWORKS INC NTS B/E	FMV	0	1,385
UBS #11611 - ALTRIA GROUP INC NTS B/E	FMV	0	318
UBS #11611 - ALLEGION US HLDG CO INC	FMV	0	1,272
UBS #11509 - PIMCO DYNAMIC CREDIT & MORTGAGE INCOME FUND SHS 6,000	FMV	137,665	127,200
UBS #11509 - METROPOLITAN WEST UNCONSTRAINED BOND FUND SHS 209,886.679	FMV	2,479,256	2,522,838
UBS #11509 - EATON VANCE LTD DURATION INCOME FUND SHS 38,183	FMV	507,824	478,433
UBS #11509 - DOUBLELINE INCOME SOLUTIONS FD SHS 23,000	FMV	489,685	381,340
UBS #11509 - BROOKFIELD REAL ASSETS INCOME FUND INC SHS 19,042	FMV	433,322	339,519
UBS #11509 - BLACKSTONE STRATEGIC CREDIT FUND SHS 21,000	FMV	347,956	262,080
UBS #11509 - BLACKROCK MULTI SECTOR INCOME TR SHS 29,000	FMV	490,759	508,660
UBS #11509 - BLACKROCK LTD DURATION INCOME TRUST SHS 6,000	FMV	89,246	95,520
UBS #11509 - BLACKROCK FLOATING RATE INCOME SHS 195,859.130	FMV	1,995,179	1,933,130
UBS #09811 - SPDR S&P MIDCAP 400 ETF TR SHS 1,021	FMV	355,162	421,263
UBS #09811 - SPDR S&P 500 ETF TR SHS 4,631	FMV	1,036,417	1,709,587
UBS #09811 - ISHARES US REAL ESTATE ETF SHS 3,148	FMV	250,726	269,627
UBS #09811 - ISHARES RUSSELL 2000 ETF SHS 5,608	FMV	763,910	1,072,877
UBS #09811 - ISHARES MSCI EMERGING MARKETS SHS 11,377	FMV	440,973	584,836
UBS #09811 - ISHARES MSCI EAFE ETF SHS 15,717	FMV	1,015,968	1,136,637
UBS #09811 - INVESCO QQQ TRUST ETF SHS 890	FMV	242,459	277,753
UBS #08841 - COHEN & STEERS TAX-ADVANTAGED PFD SECURITIES & INCOME FUND	FMV	1,000,000	1,040,000
UBS #08841 - ABERDEEN STD GLOBAL INFRASTRUCTURE INCOME FUND	FMV	1,000,000	925,500

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
INVESTMENT MANAGAMENT FEES	247,727	247,727	0
INTEREST EXPENSE - LOAN/MARGIN INTEREST	6	6	0
OTHER EXPENSES	336	0	336
OFFICE SUPPLIES	74	0	74
OCCUPANCY	157	0	157
PRINTING & PUBLICATIONS	144	0	144

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
FEDERAL TAXES	2,396	0	0
PAYROLL TAXES	5,914	0	5,914
FOREIGN TAXES	9,561	9,561	0