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
PUTNAM FOUNDATION TRUST XXXXX7002
 
Number and street (or P.O. box number if mail is not delivered to street address)10 S DEARBORN IL1-0111
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60603
A Employer identification number

13-6037083
B Telephone number (see instructions)

(800) 496-2583
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$15,618,846J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 278,489 277,880  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 194,395
b Gross sales price for all assets on line 6a 5,344,209
7 Capital gain net income (from Part IV, line 2)... 194,395
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 472,884 472,275  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 113,257 73,789   39,468
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 6,916 6,916   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 17,637 6,320   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 50 40   10
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 137,860 87,065 0 39,478
25 Contributions, gifts, grants paid....... 712,393 712,393
26 Total expenses and disbursements. Add lines 24 and 25 850,253 87,065 0 751,871
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -377,369
b Net investment income (if negative, enter -0-) 385,210
c Adjusted net income (if negative, enter -0-)... 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............. 94,264 41,775 41,775
2 Savings and temporary cash investments......... 146,771 268,025 268,025
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)....... 7,488,370 Click to see attachment6,788,740 8,681,398
c Investments—corporate bonds (attach schedule)....... 4,503,799 Click to see attachment4,769,053 5,009,990
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,215,285 Click to see attachment1,215,285 1,617,658
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) 13,448,489 13,082,878 15,618,846
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
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........ 13,448,489 13,082,878
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 13,448,489 13,082,878
30 Total liabilities and net assets/fund balances (see instructions). 13,448,489 13,082,878
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
13,448,489
2
Enter amount from Part I, line 27a .....................
2
-377,369
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
16,333
4
Add lines 1, 2, and 3 ..........................
4
13,087,453
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
4,575
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,082,878
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 30. WABTEC CORP   2019-01-04 2020-01-14
b 5. MOODYS CORP   2015-03-31 2020-01-21
c 120. ACTIVISION BLIZZARD INC     2020-01-29
d 10. ADOBE SYS INC   2019-02-20 2020-01-29
e 5. ADOBE SYS INC   2019-01-16 2020-01-29
15. ANTHEM INC     2020-01-29
40. COMCAST CORP NEW CL A   2019-11-26 2020-01-29
110. COMCAST CORP NEW CL A     2020-01-29
23. LAUDER ESTEE COS INC CL A   2019-03-18 2020-01-29
18. MSCI INC   2019-11-22 2020-01-29
5. MICROSOFT CORP   2009-06-24 2020-01-30
61. TRIMBLE NAV LTD   2016-10-21 2020-01-31
4. ALPHABET INC-CL A   2008-11-24 2020-02-03
75. ACTIVISION BLIZZARD INC     2020-02-04
15. ANTHEM INC     2020-02-04
5. CABLE ONE INC   2019-05-24 2020-02-04
125. COMCAST CORP NEW CL A   2010-09-27 2020-02-04
25. EDWARDS LIFESCIENCES CORP   2019-07-02 2020-02-04
4462. JPMORGAN BETABUILDERS JAPAN ETF   2018-07-19 2020-02-14
934. JPMORGAN BETABUILDERS JAPAN ETF     2020-02-14
8225.693 SIX CIRCLES US UNCONSTR EQ   2019-04-05 2020-02-14
. ALLERGAN INC     2020-02-19
42. WABTEC CORP   2019-01-04 2020-02-21
68. EOG RESOURCES INC     2020-02-28
32. EOG RESOURCES INC   2009-03-26 2020-02-28
35. EOG RESOURCES INC   2009-03-26 2020-02-28
81. ROYAL DUTCH SHELL PLC   2018-06-21 2020-03-02
13. BANK OF NEW YORK MELLON CORP   2019-08-22 2020-03-03
42. BANK OF NEW YORK MELLON CORP   2016-07-28 2020-03-03
10. HILTON WORLDWIDE HOLDINGS IN   2017-09-05 2020-03-05
29. TEXAS INSTRS INC   2013-03-22 2020-03-06
35. EXXON MOBIL CORP   2019-06-20 2020-03-10
7. HUMANA INC   2017-02-14 2020-03-10
205. HUNTINGTON BANCSHARES INC     2020-03-10
122. SCHLUMBERGER LTD   2019-09-24 2020-03-10
70. YETI HOLDINGS INC   2019-07-15 2020-03-11
58. HILTON WORLDWIDE HOLDINGS IN   2017-09-05 2020-03-12
6193.35 FIDELITY INTL INDX-INST PRM   2019-12-20 2020-03-13
1294. ISHARES BARCLAYS TIPS BOND FUND   2018-04-30 2020-03-13
25. HILTON WORLDWIDE HOLDINGS IN   2017-09-05 2020-03-17
10. GLOBAL PMTS INC   2017-05-02 2020-03-23
9458. JPMORGAN BETABUILDERS EUROPE ETF   2018-10-25 2020-03-23
55. COCA-COLA CO     2020-03-25
1930.757 FIDELITY INTL INDX-INST PRM   2019-12-20 2020-03-30
539. ISHARES TR 20+ TREAS INDEX FD   2019-09-24 2020-03-30
2847.973 VANGUARD TTL INTL BND-ADM   2019-09-24 2020-03-30
312. HUNTINGTON BANCSHARES INC   2017-02-14 2020-04-07
15. BOEING CO   2009-11-02 2020-04-08
100. ENBRIDGE INC   2018-06-04 2020-04-08
120. ENBRIDGE INC     2020-04-09
15. WASTE CONNECTIONS INC   2016-06-01 2020-04-09
20. SAGE THERAPEUTICS INC   2019-10-25 2020-04-15
43. WYNN RESORTS LTD   2019-12-11 2020-04-15
75. TRUIST FINANCIAL CORP     2020-04-20
10. BOEING CO   2009-11-02 2020-04-24
. OTIS WORLDWIDE CORPORATION     2020-04-27
13915.479 SIX CIRCLES ULTR SHRT DUR   2018-10-29 2020-04-28
1867.938 SIX CIRCLES ULTR SHRT DUR   2019-12-26 2020-04-28
1545.844 FIDELITY INTL INDX-INST PRM   2019-12-20 2020-04-30
2693.447 FIDELITY 500 INDEX-INST PRM     2020-04-30
33. HEXCEL CORP   2013-09-20 2020-05-04
1. CABLE ONE INC   2019-05-24 2020-05-05
1. CABLE ONE INC   2019-03-01 2020-05-05
105. KONINKLIJKE PHILIPS ELECTRS N V NEW     2020-05-08
14193.238 DOUBLELINE TTL RTRN BND-I     2020-05-11
259. ISHARES TR 7-10 YR TREAS INDEX FD   2019-02-14 2020-05-11
18. ACTIVISION BLIZZARD INC   2018-08-17 2020-05-12
27. ACTIVISION BLIZZARD INC   2019-12-13 2020-05-12
25. CARRIER GLOBAL CORPORATION   2020-03-25 2020-05-18
78. COCA-COLA CO   2016-01-07 2020-05-20
12. OTIS WORLDWIDE CORPORATION   2020-03-25 2020-05-20
21. ANALOG DEVICES INC   2016-03-23 2020-06-03
12628.296 DOUBLELINE TTL RTRN BND-I     2020-06-15
734.177 FIDELITY INTL INDX-INST PRM   2019-12-20 2020-06-15
1179.066 FIDELITY 500 INDEX-INST PRM   2019-12-26 2020-06-15
52. WELLS FARGO & CO NEW   2014-01-10 2020-06-17
19. SERVICENOW INC   2019-06-28 2020-06-29
10. LINDE PLC     2020-06-30
145. BWX TECHNOLOGIES INC     2020-07-15
3. ANTHEM INC   2019-05-31 2020-07-28
27. ANTHEM INC   2019-12-09 2020-07-28
5. SERVICENOW INC   2019-10-24 2020-07-29
24. DIAGEO PLC SPONSORED ADR NEW     2020-08-04
20. BANK OF NEW YORK MELLON CORP   2016-07-28 2020-08-13
631.18 FIDELITY 500 INDEX-INST PRM   2019-12-26 2020-08-13
7840.849 SIX CIRCLES US UNCONSTR EQ   2019-04-05 2020-08-13
41140.793 VANGUARD TOT BD MKT IDX-ADM     2020-08-17
18032.747 VANGUARD TOT BD MKT IDX-ADM     2020-08-17
21. DIAGEO PLC SPONSORED ADR NEW   2012-01-12 2020-08-20
100. BANK OF NEW YORK MELLON CORP     2020-08-25
43. EOG RESOURCES INC   2020-04-03 2020-09-16
75. EXELON CORP   2020-03-05 2020-09-16
54. EXELON CORP   2019-07-02 2020-09-16
26. APPLE COMPUTER INC   2008-10-24 2020-09-17
15. DEERE & CO   2020-03-27 2020-09-17
30. GLOBAL PMTS INC   2017-05-02 2020-09-23
7. SEATTLE GENETICS INC   2018-01-18 2020-09-29
. WELLS FARGO & CO NEW     2020-10-13
156. DANONE SPONSORED ADR     2020-10-21
6527.524 DOUBLELINE TTL RTRN BND-R6   2018-04-30 2020-10-28
1017. ISHARES TR 7-10 YR TREAS INDEX FD   2019-02-14 2020-10-28
6619. JPMORGAN BETABUILDERS EUROPE ETF   2018-10-25 2020-10-28
10. SEAGEN INC   2018-01-18 2020-10-29
88. ENBRIDGE INC   2018-06-06 2020-10-30
35. UNION PAC CORP   2019-10-18 2020-11-03
24. HENRY JACK & ASSOC INC   2011-04-12 2020-11-05
1216. ISHARES TR 7-10 YR TREAS INDEX FD     2020-11-05
12506.229 PIMCO INV GRD CRD BND-INST   2018-08-06 2020-11-05
56390.916 VANGUARD TOT BD MKT IDX-ADM   2018-04-30 2020-11-05
5844.452 VANGUARD TTL INTL BND-ADM     2020-11-05
9566.328 VANGUARD TTL INTL BND-ADM   2019-09-24 2020-11-05
33. HENRY JACK & ASSOC INC   2011-04-12 2020-11-10
42406.854 JPMORGAN TRUST HIGH YLD ULTRA   2020-05-11 2020-11-12
14. SEAGEN INC   2018-01-18 2020-11-18
. PFIZER INC     2020-11-19
58. BANK OF NEW YORK MELLON CORP     2020-12-04
18. GLOBAL PMTS INC   2017-05-02 2020-12-10
17. VERTEX PHARMACEUTICALS INC   2019-11-22 2020-12-10
7. VERTEX PHARMACEUTICALS INC   2019-11-22 2020-12-14
115. GLAXOSMITHKLINE PLC SPONSORED ADR     2020-12-15
3085.249 FIDELITY INTL INDX-INST PRM   2019-12-20 2020-12-16
2623. JPMORGAN BETABUILDERS EUROPE ETF   2018-10-25 2020-12-16
4259. JPMORGAN BETABUILDERS EUROPE ETF     2020-12-16
1. JPM ACCESS MULTI-STRATEGY FUND II   2018-01-01 2020-12-31
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(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 2,348   2,155 193
b 1,283   520 763
c 7,237   8,603 -1,366
d 3,550   2,585 965
e 1,775   1,206 569
4,227   4,375 -148
1,764   1,747 17
4,852   1,011 3,841
4,572   3,748 824
5,029   4,633 396
860   118 742
2,589   1,786 803
5,865   1,021 4,844
4,441   5,270 -829
4,110   4,319 -209
8,682   5,684 2,998
5,556   1,149 4,407
5,659   4,595 1,064
107,755   107,038 717
22,562   21,160 1,402
96,570   84,560 12,010
936     936
3,296   3,017 279
4,247   4,777 -530
1,999   995 1,004
2,189   1,088 1,101
3,596   5,691 -2,095
505   548 -43
1,631   1,671 -40
917   634 283
3,277   1,003 2,274
1,517   2,679 -1,162
2,446   1,442 1,004
1,955   2,863 -908
2,173   4,345 -2,172
1,755   2,202 -447
4,352   3,676 676
203,266   264,952 -61,686
147,753   145,879 1,874
1,640   1,584 56
1,131   813 318
158,636   211,604 -52,968
2,273   2,309 -36
64,507   82,598 -18,091
90,981   77,387 13,594
64,507   67,070 -2,563
2,547   4,353 -1,806
2,235   721 1,514
2,843   3,115 -272
3,457   3,736 -279
1,304   316 988
564   2,916 -2,352
3,060   5,189 -2,129
2,587   4,163 -1,576
1,301   481 820
23     23
138,459   139,294 -835
18,586   18,698 -112
54,429   66,131 -11,702
272,146   304,187 -32,041
1,000   1,284 -284
1,894   1,137 757
1,894   945 949
4,498   4,705 -207
149,739   157,215 -7,476
31,384   27,070 4,314
1,314   1,239 75
1,970   1,584 386
436   459 -23
3,564   3,264 300
653   641 12
2,541   1,225 1,316
135,077   133,171 1,906
27,965   31,408 -3,443
125,842   132,433 -6,591
1,429   2,387 -958
7,434   5,280 2,154
2,107   1,635 472
7,497   8,924 -1,427
799   835 -36
7,189   7,650 -461
2,209   1,187 1,022
3,419   2,376 1,043
746   796 -50
73,955   70,894 3,061
96,834   80,604 16,230
479,702   430,851 48,851
210,262   201,584 8,678
2,878   1,812 1,066
3,664   3,964 -300
1,747   1,683 64
2,735   3,428 -693
1,969   2,625 -656
2,850   90 2,760
3,290   2,013 1,277
5,241   2,440 2,801
1,333   374 959
78     78
1,860   2,364 -504
70,040   67,908 2,132
123,001   106,294 16,707
143,476   148,087 -4,611
1,928   534 1,394
2,419   2,730 -311
6,375   5,653 722
3,739   794 2,945
147,008   127,091 19,917
139,695   126,490 13,205
655,826   587,029 68,797
136,702   134,186 2,516
223,756   225,287 -1,531
5,263   1,092 4,171
295,152   272,252 22,900
2,437   748 1,689
23     23
2,346   2,291 55
3,511   1,464 2,047
3,795   3,672 123
1,624   1,512 112
4,223   4,803 -580
139,145   131,987 7,158
68,901   58,684 10,217
111,876   94,239 17,637
20,834   1 20,833
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
      43,804
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       193
b       763
c       -1,366
d       965
e       569
      -148
      17
      3,841
      824
      396
      742
      803
      4,844
      -829
      -209
      2,998
      4,407
      1,064
      717
      1,402
      12,010
      936
      279
      -530
      1,004
      1,101
      -2,095
      -43
      -40
      283
      2,274
      -1,162
      1,004
      -908
      -2,172
      -447
      676
      -61,686
      1,874
      56
      318
      -52,968
      -36
      -18,091
      13,594
      -2,563
      -1,806
      1,514
      -272
      -279
      988
      -2,352
      -2,129
      -1,576
      820
      23
      -835
      -112
      -11,702
      -32,041
      -284
      757
      949
      -207
      -7,476
      4,314
      75
      386
      -23
      300
      12
      1,316
      1,906
      -3,443
      -6,591
      -958
      2,154
      472
      -1,427
      -36
      -461
      1,022
      1,043
      -50
      3,061
      16,230
      48,851
      8,678
      1,066
      -300
      64
      -693
      -656
      2,760
      1,277
      2,801
      959
      78
      -504
      2,132
      16,707
      -4,611
      1,394
      -311
      722
      2,945
      19,917
      13,205
      68,797
      2,516
      -1,531
      4,171
      22,900
      1,689
      23
      55
      2,047
      123
      112
      -580
      7,158
      10,217
      17,637
      20,833
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 194,395
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 5,354
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 5,354
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 5,354
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,400
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,954
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletJP MORGAN CHASE BANK NA Telephone no.bullet (800) 496-2583

    Located atbullet10 S DEARBORN ST MC IL 1-0111CHICAGOIL ZIP+4bullet60603
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JP MORGAN CHASE BANK NA TRUSTEE
    2     		113,257    
    10 S DEARBORN ST MC IL 1-0111
    CHICAGO,IL60603
    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  
    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)
    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
    14,192,006
    b
    Average of monthly cash balances.......................
    1b
    226,032
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    14,418,038
    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
    14,418,038
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    216,271
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    14,201,767
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    710,088
    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
    710,088
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    5,354
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,354
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    704,734
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    704,734
    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
    704,734
    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
    751,871
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    751,871
    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
    751,871
    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 7 704,734
    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...... 58,696
    b From 2016...... 112,180
    c From 2017...... 46,615
    d From 2018...... 65,441
    e From 2019...... 68,475
    fTotal of lines 3a through e........ 351,407
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 751,871
    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..... 704,734
    e Remaining amount distributed out of corpus 47,137
    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 5 398,544
    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) ...     		58,696
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		339,848
    10 Analysis of line 9:
    a Excess from 2016.... 112,180
    b Excess from 2017.... 46,615
    c Excess from 2018.... 65,441
    d Excess from 2019.... 68,475
    e Excess from 2020.... 47,137
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    TIMKEN MUSEUM OF ART
    2550 5TH AVE STE 500
    SAN DIEGO,CA921036624     		NONE PC GENERAL 712,393
    Total .................................bullet 3a 712,393
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 278,489  
    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 ............     		    18 194,395  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   472,884  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    472,884
    (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 InvestmentsCorpBondsSchedule
    Name:
    PUTNAM FOUNDATION TRUST XXXXX7002
    EIN:
    13-6037083
    Name of Bond End of Year Book Value End of Year Fair Market Value
    258620103 DOUBLELINE TTL RTRN    
    92203J308 VANGUARD TTL INTL BN 1,095,614 1,173,100
    464287176 ISHARES TIPS BOND ET    
    722005816 PIMCO INV GRD CRD BN 134,719 151,830
    921937603 VANGUARD TOT BD MKT 322,964 361,291
    83002G108 SIX CIRCLES ULTR SHR 136,388 136,661
    464287432 ISHARES 20+ YEAR TRE 420,865 438,332
    464287440 ISHARES 7-10 YEAR TR    
    09260B614 BLCKRCK HI YLD BND P 528,766 614,636
    83002G702 SIX CIRCLES GLOBAL B 1,538,012 1,537,859
    83002G884 SIX CIRCLES CREDIT O 299,139 304,465
    92206C771 VANGUARD MORTGAGE-BA 292,586 291,816

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    PUTNAM FOUNDATION TRUST XXXXX7002
    EIN:
    13-6037083
    Name of Stock End of Year Book Value End of Year Fair Market Value
    166764100 CHEVRON CORP 12,288 13,681
    191216100 COCA-COLA CO/THE    
    235851102 DANAHER CORP 1,512 12,662
    375558103 GILEAD SCIENCES INC 2,625 6,467
    426281101 JACK HENRY & ASSOCIA 3,923 19,277
    428291108 HEXCEL CORP    
    571748102 MARSH & MCLENNAN COS 7,093 31,239
    594918104 MICROSOFT CORP 6,445 60,498
    609207105 MONDELEZ INTERNATION 3,676 6,022
    615369105 MOODY'S CORP 4,366 12,190
    641069406 NESTLE SA-SPONS ADR 3,863 12,840
    654106103 NIKE INC -CL B 2,156 16,411
    655844108 NORFOLK SOUTHERN COR 5,555 8,792
    666807102 NORTHROP GRUMMAN COR 13,558 19,807
    718172109 PHILIP MORRIS INTERN 15,522 19,787
    742718109 PROCTER & GAMBLE CO/ 6,265 12,105
    756255204 RECKITT BENCKISER-SP 3,275 3,606
    806857108 SCHLUMBERGER LTD    
    816851109 SEMPRA ENERGY 4,260 6,243
    824348106 SHERWIN-WILLIAMS CO/ 4,185 8,084
    882508104 TEXAS INSTRUMENTS IN    
    893641100 TRANSDIGM GROUP INC 3,235 10,520
    896239100 TRIMBLE INC    
    949746101 WELLS FARGO & CO    
    988498101 YUM] BRANDS INC 4,713 6,514
    02079K107 ALPHABET INC-CL C 1,529 21,023
    02079K305 ALPHABET INC-CL A    
    03027X100 AMERICAN TOWER CORP 1,230 10,325
    12572Q105 CME GROUP INC 2,993 9,649
    16119P108 CHARTER COMMUNICATIO 4,956 25,139
    20030N101 COMCAST CORP-CLASS A 4,442 25,414
    20825C104 CONOCOPHILLIPS 7,189 7,478
    22822V101 CROWN CASTLE INTL CO 11,184 20,695
    25243Q205 DIAGEO PLC-SPONSORED    
    26875P101 EOG RESOURCES INC 2,394 3,491
    29250N105 ENBRIDGE INC    
    30231G102 EXXON MOBIL CORP    
    46625H100 JPMORGAN CHASE & CO 11,361 20,967
    90400D108 ULTRAGENYX PHARMACEU 3,010 6,229
    91324P102 UNITEDHEALTH GROUP I 2,609 34,016
    92343V104 VERIZON COMMUNICATIO 2,860 3,525
    92826C839 VISA INC-CLASS A SHA 3,167 45,277
    94106B101 WASTE CONNECTIONS IN 5,985 29,130
    94106L109 WASTE MANAGEMENT INC 2,304 5,071
    G0408V102 AON PLC    
    G1151C101 ACCENTURE PLC-CL A 696 3,396
    H1467J104 CHUBB LTD 9,753 21,087
    N07059210 ASML HOLDING NV-NY R 3,383 16,095
    009279100 AIRBUS SE - UNSP ADR 3,018 5,000
    023135106 AMAZON.COM INC 7,256 32,569
    032654105 ANALOG DEVICES INC    
    037833100 APPLE INC 797 30,519
    046353108 ASTRAZENECA PLC-SPON 7,966 9,798
    064058100 BANK OF NEW YORK MEL    
    097023105 BOEING CO/THE    
    110448107 BRITISH AMERICAN TOB 6,170 6,186
    126408103 CSX CORP 10,140 16,880
    142795202 CARLSBERG AS-B-SPON 9,008 13,109
    23636T100 DANONE-SPONS ADR    
    244199105 DEERE & CO 1,523 3,767
    294429105 EQUIFAX INC 1,501 2,700
    297284200 ESSILORLUXOT-UNSPON 3,629 4,355
    37940X102 GLOBAL PAYMENTS INC 1,790 4,739
    380237107 GODADDY INC - CLASS 5,018 8,544
    43300A203 HILTON WORLDWIDE HOL    
    440452100 HORMEL FOODS CORP 2,109 3,169
    444859102 HUMANA INC 4,533 9,026
    446150104 HUNTINGTON BANCSHARE    
    45866F104 INTERCONTINENTAL EXC 6,585 12,682
    532457108 ELI LILLY & CO 6,641 13,001
    58933Y105 MERCK & CO. INC. 14,153 16,442
    812578102 SEATTLE GENETICS INC    
    857477103 STATE STREET CORP 9,900 10,408
    002824100 ABBOTT LABORATORIES 6,038 10,621
    125523100 CIGNA CORP 3,049 3,539
    169656105 CHIPOTLE MEXICAN GRI 6,150 18,027
    285512109 ELECTRONIC ARTS INC 2,386 3,590
    315911750 FIDELITY 500 INDEX-I 2,995,165 3,561,691
    458140100 INTEL CORP 7,248 8,071
    631103108 NASDAQ INC 1,978 3,053
    780259107 ROYAL DUTCH SHELL-SP    
    929740108 WABTEC CORP    
    00507V109 ACTIVISION BLIZZARD 12,011 23,677
    11135F101 BROADCOM INC 3,182 19,703
    22160K105 COSTCO WHOLESALE COR 9,686 19,216
    29444U700 EQUINIX INC 10,883 19,283
    30303M102 FACEBOOK INC-CLASS A 7,787 13,385
    46641Q688 JPM BTABLDRS DEV ASI 138,507 166,879
    46641Q696 JPMORGAN BETABUILDER 289,062 315,977
    46641Q712 JPMORGAN BETABUILDER 417,803 514,024
    46641Q720 JPMORGAN BETABUILDER 132,125 156,015
    55354G100 MSCI INC 3,429 8,931
    64125C109 NEUROCRINE BIOSCIENC 3,799 4,888
    65339F101 NEXTERA ENERGY INC 1,816 3,703
    83002G306 SIX CIRCLES US UNCON 927,520 1,284,345
    83002G405 SIX CIRCLES INTL UNC 866,652 932,141
    G5494J103 LINDE PLC 4,250 6,851
    00724F101 ADOBE INC 6,605 12,503
    036752103 ANTHEM INC 8,386 10,275
    05605H100 BWX TECHNOLOGIES INC 2,833 3,135
    071813109 BAXTER INTERNATIONAL 9,624 9,228
    125896100 CMS ENERGY CORP 5,871 5,796
    12685J105 CABLE ONE INC 12,270 22,277
    171340102 CHURCH & DWIGHT CO I 4,872 6,542
    28176E108 EDWARDS LIFESCIENCES 10,109 15,053
    30161N101 EXELON CORP 7,452 7,557
    315911727 FIDELITY INTL INDX-I 150,486 160,441
    500472303 KONINKLIJKE PHILIPS    
    518439104 ESTEE LAUDER COMPANI 6,427 12,511
    670100205 NOVO-NORDISK A/S-SPO 7,387 10,478
    78667J108 SAGE THERAPEUTICS IN    
    81762P102 SERVICENOW INC 1,662 3,853
    907818108 UNION PACIFIC CORP    
    92532F100 VERTEX PHARMACEUTICA 2,376 2,600
    983134107 WYNN RESORTS LTD    
    98585X104 YETI HOLDINGS INC    
    00130H105 AES CORP 2,672 4,700
    009158106 AIR PRODUCTS & CHEMI 5,220 4,918
    019770106 ALLOGENE THERAPEUTIC 2,834 1,514
    031100100 AMETEK INC 5,141 7,861
    03524A108 ANHEUSER-BUSCH INBEV 8,911 11,186
    067901108 BARRICK GOLD CORP 3,447 4,100
    15135B101 CENTENE CORP 3,172 3,002
    237194105 DARDEN RESTAURANTS I 2,393 4,169
    31620M106 FIDELITY NATIONAL IN 4,373 4,668
    33616C100 FIRST REPUBLIC BANK/ 3,016 4,408
    339041105 FLEETCOR TECHNOLOGIE 5,760 5,729
    363576109 ARTHUR J GALLAGHER & 4,280 5,567
    370334104 GENERAL MILLS INC 5,085 4,998
    37733W105 GLAXOSMITHKLINE PLC-    
    422806109 HEICO CORP 3,220 5,031
    422806208 HEICO CORP-CLASS A 1,539 1,756
    438516106 HONEYWELL INTERNATIO 4,138 5,318
    46434G103 ISHARES CORE MSCI EM 288,506 332,721
    482480100 KLA CORPORATION COM 5,035 6,732
    64110L106 NETFLIX INC 5,366 8,111
    713448108 PEPSICO INC 5,822 6,674
    75513E101 RAYTHEON TECHNOLOGIE 2,859 3,576
    771195104 ROCHE HOLDINGS LTD-S 3,251 3,288
    81181C104 SEAGEN INC 6,572 21,717
    87807B107 TC ENERGY CORP 2,992 2,647
    896522109 TRINITY INDUSTRIES I 3,219 3,378
    89832Q109 TRUIST FINANCIAL COR 8,859 10,257
    G0403H108 AON PLC-CLASS A 10,033 20,071
    G11196105 BIOHAVEN PHARMACEUTI 1,204 2,143
    N14506104 ELASTIC NV 1,638 3,653

    TY 2020 InvestmentsOtherSchedule2
    Name:
    PUTNAM FOUNDATION TRUST XXXXX7002
    EIN:
    13-6037083
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HFGAPBWG9 JPM ACCESS MULTI-STR AT COST 668,440 715,893
    HEBLAAAK6 BLACKSTONE PARTNERS AT COST 546,845 901,765

    TY 2020 OtherDecreasesSchedule
    Name:
    PUTNAM FOUNDATION TRUST XXXXX7002
    EIN:
    13-6037083
    Description Amount
    RETURN OF CAPITAL ADJUSTMENT 640
    2020 TRANSACTIONS POSTED IN 2021 3,933
    ROUNDING 2


    TY 2020 OtherExpensesSchedule
    Name:
    PUTNAM FOUNDATION TRUST XXXXX7002
    EIN:
    13-6037083
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ATTORNEY GENERAL FEE 10 0   10
    OTHER EXPENSE (NON-DEDUCTIBLE 40 40   0


    TY 2020 OtherIncreasesSchedule
    Name:
    PUTNAM FOUNDATION TRUST XXXXX7002
    EIN:
    13-6037083
    Description Amount
    2019 TRANSACTIONS POSTED IN 2020 16,333


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    PUTNAM FOUNDATION TRUST XXXXX7002
    EIN:
    13-6037083
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMNT MNGMNT FEES (NON-DED 6,916 6,916    


    TY 2020 TaxesSchedule
    Name:
    PUTNAM FOUNDATION TRUST XXXXX7002
    EIN:
    13-6037083
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 448 448   0
    FEDERAL TAX PAYMENT - PRIOR YE 9,917 0   0
    FEDERAL ESTIMATES - INCOME 1,400 0   0
    FOREIGN TAXES ON QUALIFIED FOR 5,226 5,226   0
    FOREIGN TAXES ON NONQUALIFIED 646 646   0