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
ARKES FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1000 N LAKE SHORE PLAZA NO 27A
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60611
A Employer identification number

46-1536842
B Telephone number (see instructions)

(312) 280-8292
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$10,850,539J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 214,529 213,131  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 218,759
b Gross sales price for all assets on line 6a 1,539,724
7 Capital gain net income (from Part IV, line 2)... 202,813
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 7,058 1,215  
12 Total. Add lines 1 through 11........ 440,346 417,159  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,000 2,500   2,500
c Other professional fees (attach schedule)....        
17 Interest............... 2,769 2,076   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,408 510   0
19 Depreciation (attach schedule) and depletion... 10 10  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 80,384 75,720   113
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 96,571 80,816   2,613
25 Contributions, gifts, grants paid....... 716,211 716,211
26 Total expenses and disbursements. Add lines 24 and 25 812,782 80,816   718,824
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -372,436
b Net investment income (if negative, enter -0-) 336,343
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......... 447,829 336,047 336,047
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,967,842 Click to see attachment3,863,019 5,910,869
c Investments—corporate bonds (attach schedule)....... 2,714,322 Click to see attachment2,476,158 2,492,306
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,602,322 Click to see attachment1,684,655 2,111,317
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) 8,732,315 8,359,879 10,850,539
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 8,732,315 8,359,879
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)..... 8,732,315 8,359,879
30 Total liabilities and net assets/fund balances (see instructions). 8,732,315 8,359,879
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
8,732,315
2
Enter amount from Part I, line 27a .....................
2
-372,436
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
8,359,879
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
8,359,879
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 - NORTHERN TRUST      
b PUBLICLY TRADED SECURITIES - NORTHERN TRUST      
c FROM K-1: PRIVATE EQUITY CORE FUND (QP) VI LP P    
d FROM K-1: PRIVATE EQUITY CORE FUND (QP) VI LP (UBTI) P    
e FROM K-1: PRIVATE EQUITY CORE FUND V LP P    
FROM K-1: PRIVATE EQUITY CORE FUND V LP (UBTI) P    
FROM K-1: PRIVATE EQUITY CORE FUND VIII LP (UBTI) P    
FROM K-1: PRIVATE EQUITY CORE FUND VIII LP P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 467,462   465,365 2,097
b 869,829   855,600 14,229
c 21,973     21,973
d 5,296   5,296 0
e 107,403     107,403
10,166   10,166 0
484   484 0
504     504
56,607     56,607
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       2,097
b       14,229
c       21,973
d       0
e       107,403
      0
      0
      504
      56,607
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 2 202,813
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 4,675
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 4,675
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 4,675
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 5,934
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 7,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,934
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 8,259
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet8,259 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletIL
    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 ofbulletMICHAEL A ARKES Telephone no.bullet (312) 280-8292

    Located atbullet1000 N LAKE SHORE PLAZA NO 27ACHICAGOIL ZIP+4bullet60611
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    MICHAEL ARKES PRESIDENT
    3.00     		0 0 0
    1000 N LAKE SHORE PLAZA 27A
    CHICAGO,IL60611
    HELEN ARKES DIRECTOR
    0.20     		0 0 0
    1000 N LAKE SHORE PLAZA 27A
    CHICAGO,IL60611
    JOHN ERAMO DIRECTOR
    0.10     		0 0 0
    2104 NW EVERETT STREET
    PORTLAND,OR97210
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 NONE 0
    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 NONE 0
    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
    9,677,294
    b
    Average of monthly cash balances.......................
    1b
    241,164
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,918,458
    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
    9,918,458
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    148,777
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,769,681
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    488,484
    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
    488,484
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    4,675
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    3,332
    c
    Add lines 2a and 2b............................
    2c
    8,007
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    480,477
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    480,477
    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
    480,477
    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
    718,824
    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
    718,824
    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
    718,824
    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 7 480,477
    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...... 271,030
    c From 2017...... 587,409
    d From 2018...... 521,073
    e From 2019...... 542,507
    fTotal of lines 3a through e........ 1,922,019
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 718,824
    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..... 480,477
    e Remaining amount distributed out of corpus 238,347
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,160,366
    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 ......     		2,160,366
    10 Analysis of line 9:
    a Excess from 2016.... 271,030
    b Excess from 2017.... 587,409
    c Excess from 2018.... 521,073
    d Excess from 2019.... 542,507
    e Excess from 2020.... 238,347
    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).)
    MICHAEL ARKES
    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
    A BETTER CHICAGO
    600 W VAN BUREN STREET STE 510
    CHICAGO,IL60607     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    ALLIANCE TO END HOMELESSNESS IN SUBURBAN COOK COUNTY
    4415 HARRISON STREET STE 228
    HILLSIDE,IL60162     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000
    ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATION INC
    225 N MICHIGAN AVENUE STE 1700
    CHICAGO,IL60601     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000
    AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC
    125 BROAD STREET 18TH FLOOR
    NEW YORK,NY10004     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000
    AMNESTY INTERNATIONAL OF THE USA INC
    5 PENN PLAZA 16TH FLOOR
    NEW YORK,NY10001     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 250
    AMY KROUSE ROSENTHAL FOUNDATION
    111 W WASHINGTON STREET STE 1500
    CHICAGO,IL60602     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 8,475
    ANSHE EMET SYNAGOGUE
    3751 N BROADWAY STREET
    CHICAGO,IL60613     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 7,750
    ANTI-DEFAMATION LEAGUE
    605 THIRD AVENUE
    NEW YORK,NY10158     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 63,850
    ART INSTITUTE OF CHICAGO
    111 S MICHIGAN AVENUE
    CHICAGO,IL60603     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 150
    AUNT MARTHAS HEALTH AND WELLNESS INC
    19990 GOVERNORS HIGHWAY
    OLYMPIA FIELDS,IL60461     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 2,500
    BAUTISTA MEMORIAL SCHOLARSHIP
    6425 S HARLEM AVENUE
    CHICAGO,IL60638     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 250
    BELOIT COLLEGE
    700 COLLEGE STREET
    BELIOT,WI53511     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 17,500
    BNAI BRITH YOUTH ORGANIZATION INC
    800 8TH STREET NW
    WASHINGTON,DC20001     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 5,000
    BOWEN HIGHSCHOOL ALUMNI ASSOCIATION INC
    PO BOX 43
    HIGHLAND PARK,IL60035     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 100
    BRADY CENTER TO PREVENT GUN VIOLENCE
    840 1ST STREET NE STE 400
    WASHINGTON,DC20002     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 500
    CHICAGO ARCHITECTURE CENTER - CAC
    111 E WACKER DR
    CHICAGO,IL60601     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 93
    CHICAGO CHILDRENS ADVOCACY CENTER
    1240 S DAMEN AVENUE
    CHICAGO,IL60608     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 2,500
    CHICAGO COALITION FOR THE HOMELESS
    70 E LAKE STREET STE 720
    CHICAGO,IL60601     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 500
    CHICAGO HISTORY MUSEUM
    1601 N CLARK STREET
    CHICAGO,IL60614     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 130
    CHICAGO HUMAN RHYTHM PROJECT
    410 S MICHIGAN AVENUE STE 464
    CHICAGO,IL60605     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000
    CHICAGO HUMANITIES FESTIVAL
    500 N DEARBORN STE 825
    CHICAGO,IL60654     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 200
    CHICAGO PUBLIC MEDIA INC
    848 E GRAND AVENUE NAVY PIER
    CHICAGO,IL60611     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 120
    CIRCESTEEM INC
    4730 SHERIDAN ROAD
    CHICAGO,IL60640     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 500
    COHEN HILLEL AT THE UNIVERSITY OF ILLINOIS AT URBANA-CHAMPAIGN
    503 E JOHN STREET
    CHAMPAIGN,IL61820     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 100
    COUNCIL FOR JEWISH ELDERLY
    3003 W TOUHY AVENUE
    CHICAGO,IL60645     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 2,500
    DELTA INSTITUTE
    35 E WACKER DRIVE STE 1200
    CHICAGO,IL60601     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 500
    DIGESTIVE HEALTH FOUNDATION
    251 E HURON STREET STE 3-200
    CHICAGO,IL60611     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000
    DOCTORS WITHOUT BORDERS USA INC
    333 SEVENTH AVENUE STE 2ND FLOOR
    NEW YORK,NY10001     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 500
    ENVIRONMENTAL LAW AND POLICY CENTER OF THE MIDWEST
    35 E WACKER DRIVE STE 1600
    CHICAGO,IL60601     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 250
    ERIKSON INSTITUTE
    451 N LASALLE DRIVE
    CHICAGO,IL60654     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 250
    F C H N PROGRAN INC
    1234 W 59TH STREET
    CHICAGO,IL60636     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 250
    FAIR FIGHT ACTION INC
    1270 CAROLINE STREET NE STE D120
    430
    ATLANTA,GA30307     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 500
    FAMILY INSTITUTE
    618 LIBRARY PLACE
    EVANSTON,IL60201     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 250
    FINCA INTERNATIONAL INC
    1201 15TH STREET NW 8TH FLOOR
    WASHINGTON,DC20005     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000
    GREATER CHICAGO FOOD DEPOSITORY
    4100 W ANN LURIE PLACE
    CHICAGO,IL60632     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000
    GROWING HOME INC
    2732 N CLARK STREET
    CHICAGO,IL60614     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 2,500
    HADASSAH FOUNDATION INC
    40 WALL STREET
    NEW YORK,NY10005     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000
    HELPING HAND INCENTIVES
    329 W 18TH STREET STE 714
    CHICAGO,IL60616     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 445,700
    HIGH JUMP
    59 W NORTH BOULEVARD
    CHICAGO,IL60610     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 2,000
    HIGHSIGHT
    315 W WALTON STREET
    CHICAGO,IL60610     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 5,000
    HOLOCAUST MEMORIAL FOUNDATION OF ILLINOIS INC
    9603 WOODS DRIVE
    SKOKIE,IL60077     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 500
    HOMES FOR OUR TROOPS INC
    6 MAIN STREET
    TAUNTON,MA02780     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 500
    HUMAN RIGHTS WATCH INC
    350 FIFTH AVENUE 34TH FLOOR
    NEW YORK,NY10118     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 2,500
    IMMUNE DEFICIENCY FOUNDATION
    110 WEST ROAD NO 300
    TOWSON,MD21204     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 250
    IMPACT 100 CHICAGO NFP
    PO BOX 607
    PALATINE,IL60078     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 2,200
    INSPIRATION CORPORATION
    4554 N BROADWAY STREET STE 207
    CHICAGO,IL60640     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000
    JDRF INTERNATIONAL
    26 BROADWAY 14TH FLOOR
    NEW YORK,NY10004     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 500
    JEWISH COUNCIL ON URBAN AFFAIRS
    610 S MICHIGAN AVENUE
    CHICAGO,IL60605     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 7,500
    JEWISH UNITED FUND OF METROPOLITAN CHICAGO
    30 S WELLS STREET
    CHICAGO,IL60606     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 15,000
    JEWISH WOMEN'S FOUNDATION OF METROPOLITAN CHICAGO
    30 S WELLS STREET THIRD FLOOR
    CHICAGO,IL60606     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 2,000
    JOURNEYCARE INC
    2050 CLAIRE COURT
    GLENVIEW,IL60025     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 250
    LAKEVIEW PANTRY
    3945 N SHERIDAN ROAD
    CHICAGO,IL60613     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 5,000
    LINCOLN PARK ZOOLOGICAL SOCIETY
    2001 N CLARK STREET
    CHICAGO,IL60614     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 181
    LITERATURE FOR ALL OF US
    2010 DEWEY AVENUE
    EVANSTON,IL60201     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 150
    MAKE-A-WISH FOUNDATION OF ILLINOIS INC
    640 N LASALLE DRIVE NO 280
    CHICAGO,IL60654     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 100
    MAOT CHITIM OF GREATER CHICAGO INC
    7366 N LINCOLN AVENUE
    LINCOLNWOOD,IL60712     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000
    MASORTI FOUNDATION FOR CONSERVATIVE JUDAISM IN ISRAEL
    475 RIVERSIDE DRIVE STE 832
    NEW YORK,NY10115     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 360
    MAZON INC A JEWISH RESPONSE TO HUNGER
    10850 WILSHIRE BLVD STE 400
    LOS ANGELES,CA90024     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,500
    MEALS ON WHEELS FOUNDATION OF COOK COUNTY
    3239 GROVE AVENUE STE 202
    BERWYN,IL60402     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000
    MOUNT SINAI HOSPITAL
    CALIFORNIA AVENUE AT 15TH STREET
    CHICAGO,IL60608     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 100
    MUSEUM OF CONTEMPORARY ART CHICAGO
    220 E CHICAGO AVENUE
    CHICAGO,IL60611     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 85
    MUSEUM OF SCIENCE & INDUSTRY
    5700 S LAKE SHORE DRIVE
    CHICAGO,IL60637     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 116
    NATIONAL IMMIGRANT JUSTICE CENTER
    224 S MICHIGAN AVE STE 600
    CHICAGO,IL60604     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000
    NATIONAL PARKINSON FOUNDATION INC
    PO BOX 880145
    BOCA RATON,FL33488     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 500
    NATURE CONSERVANCY
    4245 N FAIRFAX DRIVE
    ARLINGTON,VA22203     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 200
    NEIGHBORHOOD HOUSING SERVICES OF CHICAGO
    1279 N MILWAUKEE AVENUE
    CHICAGO,IL60622     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 500
    NEW ISRAEL FUND
    6 E 39TH STREET STE 301
    NEW YORK,NY10016     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 360
    NIGHT MINISTRY
    4711 N RAVENSWOOD AVENUE
    CHICAGO,IL60640     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 3,500
    NORTH LAWNDALE EMPLOYMENT NETWORK
    906 SOUTH HOMAN AVENUE 7TH FL
    CHICAGO,IL60624     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000
    ONE ACRE FUND
    81 PROSPECT STREET
    BROOKLYN,NY11201     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000
    PLANNED PARENTHOOD OF ILLINOIS
    18 S MICHIGAN AVENUE 6TH FLOOR
    CHICAGO,IL60603     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 3,000
    PURDUE RESEARCH FOUNDATION
    1281 WIN HENTSCHEL BOULEVARD
    WEST LAFAYETTE,IN47906     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 100
    RANDY'S RESCUE NFP
    12757 BASE LINE ROAD
    KINGSTON,IL60145     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 150
    REFUGEEONE
    5705 N LINCOLN AVENUE
    CHICAGO,IL60659     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 250
    RESPOND NOW INC
    PO BOX 215
    CHICAGO HEIGHTS,IL60412     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 2,500
    SARGENT SHRIVER NATIONAL CENTER ON POVERTY LAW
    111 N WABASH AVENUE 500
    CHICAGO,IL60602     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 250
    SHALVA INC
    PO BOX 46375
    CHICAGO,IL60646     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 4,760
    SMILE TRAIN INC
    633 THIRD AVENUE 9TH FL
    NEW YORK,NY10017     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 500
    SMITHSONIAN INSTITUTION OFFICE OF THE COMPTROLLER
    1000 JEFFERSON DRIVE SW
    WASHINGTON,DC20560     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 150
    SOUTHERN POVERTY LAW CENTER INC
    400 WASHINGTON AVENUE
    MONTGOMERY,AL36104     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 500
    SPERTUS INSTITUTE FOR JEWISH LEARNING AND LEADERSHIP
    610 S MICHIGAN AVENUE
    CHICAGO,IL60605     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 75
    STORYCATCHERS THEATRE
    544 W OAK STREET STE 1005
    CHICAGO,IL60610     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 500
    TEACH FOR AMERICA INC
    25 BROADWAY 12TH FLOOR
    NEW YORK,NY10004     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 15,000
    TECHNOSERVE INC
    1777 NORTH KENT STREET NW
    ARLINGTON,VA22209     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 200
    THE ARK
    6450 N CALIFORNIA AVENUE
    CHICAGO,IL60645     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 5,000
    THE JACK & SHIRLEY LUBEZNIK CENTER FOR THE ARTS INC
    101 W 2ND STREET
    MICHIGAN CITY,IN46360     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000
    THE SALVATION ARMY
    5550 PRAIRIE STONE PARKWAY
    HOFFMAN ESTATES,IL60192     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 100
    UNION OF CONCERNED SCIENTISTS INC
    2 BRATTLE SQUARE STE 6
    CAMBRIDGE,MA02138     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 200
    UNITED NEGRO COLLEGE FUND INC
    1805 7TH STREET NW
    WASHINGTON,DC20001     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000
    UNITED STATES FUND FOR UNICEF
    125 MAIDEN LANE 10TH FLOOR
    NEW YORK,NY10038     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 500
    UNITED STATES OLYMPIC AND PARALYMPIC FOUNDATION
    1 OLYMPIC PLAZA
    COLORADO SPRINGS,CO80909     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,500
    VOCEL VIEWING OUR CHILDREN AS EMERGING LEADERS NFP
    5317 W CHICAGO AVENUE
    CHICAGO,IL60651     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 30,000
    WILLIAM J BRENNAN JR CENTER FOR JUSTICE INC
    120 BROADWAY STE 1720
    NEW YORK,NY10271     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 250
    WINDOWS TO THE WORLD COMMUNICATIONS INC
    5400 N ST LOUIS AVENUE
    CHICAGO,IL60625     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 206
    UNIVERSITY OF CHICAGO
    6054 S DREXEL AVENUE STE 300
    CHICAGO,IL60637     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000
    Total .................................bullet 3a 716,211
    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.... 900001 1,398 14 213,131  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 1,215  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		900001 15,946 18 202,813  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFROM K-1: PRIVATE EQUITY CORE FUND V, LP - OTHER INCOME (UBTI)     		  4,273      
    bFROM K-1: PRIVATE EQUITY CORE FUND (QP) VI, LP - OTHER INCOME (UBTI)   1,187      
    cFROM K-1: PRIVATE EQUITY CORE FUND VIII, LP - OTHER INCOME (UBTI)   383      
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 23,187 417,159 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    440,346
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    ARKES FAMILY FOUNDATION
    EIN:
    46-1536842
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 5,000 2,500   2,500

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    ARKES FAMILY FOUNDATION
    EIN:
    46-1536842
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MFB NORTHERN FDS SHORT BD FD 250,000 254,509
    MFB NORTHERN FDS ULTRA SHORT FIXED INCOME 873,019 879,038
    MFB NORTHERN HIGH YIELD FIXED INCOME FUND 432,176 403,982
    MFC FLEX SHARES TR IBOXX 3 YR 204,313 214,564
    MFO BLACKROCK FDS HIGH YIELD BD 202,024 209,105
    MFO DOUBLELINE CORE FIXED INCOME FUND I 514,626 531,108

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    ARKES FAMILY FOUNDATION
    EIN:
    46-1536842
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES 6,757 17,847
    ABBVIE INC COM 18,443 23,680
    AIR PRODUCTS AND CHEMICALS, INC 13,729 26,502
    AMERICAN TOWER CORP 5,020 5,163
    AMGEN INC 6,860 9,197
    AUTOMATIC DATA PROCESSING 14,786 20,439
    BLACKROCK INC 11,346 28,140
    BROADCOM INC COM 16,797 25,833
    CHEVRON CORP 19,728 14,779
    CISCO SYSTEMS INC 10,244 21,793
    COCA COLA CO COM 7,404 8,116
    COMCAST CORP NEW-CL 9,701 13,414
    CROWN CASTLE INTL CORP 11,726 23,560
    EATON CORP PLC COM 8,050 9,731
    ELI LILLY & CI COM 10,708 16,377
    EVERSOURCE ENERGY COM 2,973 3,460
    HOME DEPOT INC 13,952 32,140
    HONEYWELL INTL INC 9,503 17,441
    ILLINOIS TOOL WORKS INC 7,927 13,660
    JOHNSON & JOHNSON 2,586 5,351
    JP MORGAN CHASE & CO 14,689 31,259
    LOCKHEED MARTIN CORP 9,574 24,139
    LYONDELLBASELL INDUSTRIES 2,569 2,933
    MARSH & MCLENNAN CO 11,746 17,550
    MC DONALDS CORP. COMMON STOCK, NO PAR 14,405 19,527
    MEDTRONIC PLC 13,227 19,328
    MERCK & CO INC NEW COM 27,745 28,630
    MFB NORTHERN EQUITY INDEX FUNDS 317,138 464,863
    MFB NORTHERN FDS STK INDEX 729,259 1,579,022
    MFB NORTHERN INTL EQUITY INDEX 1,295,731 1,570,202
    MFC VANGUARD INTL EQUITY INDEX FDS FTSE EMERGING MKTS 245,158 304,017
    MFO DFA INVT DIMENSIONS GROUP INC EMERGING MKTS 110,746 144,540
    MFO DFA INVT DIMENSIONS GROUP INC US SMALL CAP 267,490 425,515
    MFO VANGUARD TOTAL STOCK MARKET INDEX FUND 358,011 562,496
    MICROSOFT CORP 3,816 30,694
    MONDELEZ INTL INC COM 20,079 23,096
    NEXTERA ENERGY INC 11,898 44,130
    PAYCHEX INC 8,945 20,686
    PEPSICO INC 19,133 29,660
    PHILLIPS 66 COM 9,152 6,155
    PNC FINANCIAL SERVICES GROUP COM STK 16,352 16,837
    PROCTER & GAMBLE COM NPV 11,984 13,775
    PROLOGSIS INC COM (PLD) 12,930 14,650
    QUALCOMM INC COM 19,079 23,917
    REALTY INCOME CORP 6,843 7,523
    SEMPRA ENERGY INC 14,104 15,799
    STARBUCKS CORP COM 11,826 24,712
    TEXAS INSTRUMENTS INC 13,470 36,109
    TRUIST FINL CORP COM (TFC) 17,639 23,438
    UNITED PARCEL SVC INC CL B 4,380 4,378
    US BANCORP 13,557 12,113
    VERIZON COMMUNICATIONS COM 14,420 15,804
    WEC ENERGY GROUP INC 7,684 16,749

    TY 2020 InvestmentsOtherSchedule2
    Name:
    ARKES FAMILY FOUNDATION
    EIN:
    46-1536842
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MFC FLEX SHARES TR MORNINGSTAR GLOBAL AT COST 377,165 354,686
    MFO DFA INVT DIMENSIONS GROUP INC INTL REAL ESTATE AT COST 273,549 237,858
    MFO DFA INVT DIMENSIONS GROUP INC REAL ESTATE AT COST 262,183 359,964
    PRIVATE EQUITY CORE FUND V LP AT COST 449,331 704,086
    PRIVATE EQUITY CORE FUND VI AT COST 268,563 397,752
    PRIVATE EQUITY CORE FUND VIII AT COST 53,864 56,971

    TY 2020 OtherExpensesSchedule
    Name:
    ARKES FAMILY FOUNDATION
    EIN:
    46-1536842
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FROM K-1: PRIVATE EQUITY CORE FUND (QP) VI LP 10,220 9,855   7
    FROM K-1: PRIVATE EQUITY CORE FUND V LP 21,619 20,330   91
    IL CHARITY BUREAU FUND 15 0   15
    NORTHERN TRUST FEES 41,426 41,426   0
    OTHER EXPENSES 683 0   0
    FROM K-1: PRIVATE EQUITY CORE FUND VIII LP 6,421 4,109   0


    TY 2020 OtherIncomeSchedule2
    Name:
    ARKES FAMILY FOUNDATION
    EIN:
    46-1536842
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FROM K-1: PRIVATE EQUITY CORE FUND (QP) VI LP 993 993 993
    FROM K-1: PRIVATE EQUITY CORE FUND VIII LP 29 29 29
    OTHER INCOME 193 193 193
    FROM K-1: PRIVATE EQUITY CORE FUND V, LP - OTHER INCOME (UBTI) 4,273   4,273
    FROM K-1: PRIVATE EQUITY CORE FUND (QP) VI, LP - OTHER INCOME (UBTI) 1,187   1,187
    FROM K-1: PRIVATE EQUITY CORE FUND VIII, LP - OTHER INCOME (UBTI) 383   383


    TY 2020 TaxesSchedule
    Name:
    ARKES FAMILY FOUNDATION
    EIN:
    46-1536842
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 7,010 0   0
    FOREIGN TAXES 510 510   0
    ILLINOIS TAXES 888 0   0