TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2020

Open to Public Inspection

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

Name of foundation
Pucci Family Foundation

% LAURA DAVIS

Number and street (or P.O. box number if mail is not delivered to street address)PO Box 8177
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Chicago, IL606808177

A Employer identification number

36-3092220

B Telephone number (see instructions)

(847) 998-9000

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$64,206,288J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)	3,482
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	585,176		585,176
5a	Gross rents............	15,750		15,750
b	Net rental income or (loss) 15,750
6a	Net gain or (loss) from sale of assets not on line 10		175,693
b	Gross sales price for all assets on line 6a 5,823,927
7	Capital gain net income (from Part IV, line 2)...			167,939
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).......		887	887
12	Total. Add lines 1 through 11........	780,988		769,752
13	Compensation of officers, directors, trustees, etc.	120,000		30,000		90,000
14	Other employee salaries and wages......	329,475		82,369		316,074
15	Pension plans, employee benefits.......	59,092		14,773		60,629
16a	Legal fees (attach schedule).........		11,900	0	0	11,900
b	Accounting fees (attach schedule).......		54,020	21,608	0	32,412
c	Other professional fees (attach schedule)....		108,298	108,298
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		8,531
19	Depreciation (attach schedule) and depletion...		324,465
20	Occupancy..............	882,151		132,323		703,151
21	Travel, conferences, and meetings.......
22	Printing and publications..........	368				368
23	Other expenses (attach schedule).......		450,204	1,428		447,073
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	2,348,504		390,799	0	1,661,607
25	Contributions, gifts, grants paid.......	319,410				319,410
26	Total expenses and disbursements. Add lines 24 and 25	2,667,914		390,799	0	1,981,017
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-1,886,926
b	Net investment income (if negative, enter -0-)			378,953
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	867,043	609,297	609,297
	2	Savings and temporary cash investments.........	3,694,532	3,366,853	3,366,853
	3	Accounts receivable 104,399
		Less: allowance for doubtful accounts	136,666	104,399	104,399
	4	Pledges receivable
		Less: allowance for doubtful accounts	18,976
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	18,722	10,199	10,199
	10a	Investments—U.S. and state government obligations (attach schedule)	2,117,952	1,127,378	1,127,378
	b	Investments—corporate stock (attach schedule).......	8,650,009	9,770,725	9,770,725
	c	Investments—corporate bonds (attach schedule).......	12,688,058	10,989,555	10,989,555
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis 39,944,896
		Less: accumulated depreciation (attach schedule) 1,724,831	36,652,930	38,220,065	38,220,065
	15	Other assets (describe )	1	7,817	7,817
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	64,844,889	64,206,288	64,206,288
	17	Accounts payable and accrued expenses..........	287,199	198,401
	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 )	0	58,657
	23	Total liabilities (add lines 17 through 22).........	287,199	257,058
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	64,538,714	63,949,230
	25	Net assets with donor restrictions............	18,976
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	64,557,690	63,949,230
	30	Total liabilities and net assets/fund balances (see instructions).	64,844,889	64,206,288

Part III

Analysis of Changes in Net Assets or Fund Balances

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

64,557,690

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

-1,886,926

Other increases not included in line 2 (itemize) bullet

1,326,978

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

63,997,742

Decreases not included in line 2 (itemize) bullet

48,512

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

63,949,230

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
b	PUBLICLY TRADED SECURITIES
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,724,006	1,729,032	-5,026
b	4,099,922	3,926,957	172,965
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-5,026
b			172,965
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	167,939
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

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

1 Reserved

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

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

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

Form 990-PF (2020)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	5,267
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
3	Add lines 1 and 2...........................	3	5,267
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	5,267
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	13,071
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	13,071
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	7,804
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax7,804	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

LAURA DAVIS Telephone no. bullet

(847) 998-9000

Located at bullet

PO BOX 8177CHICAGOIL ZIP+4 bullet

606808177

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
J R DAVIS	CO-CHAIR/TREASURER/SECRETARY 30.0	20,000
PO Box 8177 Chicago,IL606808177	CO-CHAIR/TREASURER/SECRETARY 30.0	20,000
DAWN DAVIS	PRESIDENT & DIRECTOR 30.0	20,000
PO Box 8177 Chicago,IL606808177	PRESIDENT & DIRECTOR 30.0	20,000
CARYL PUCCI RETTALIATA	CHAIRMAN & DIRECTOR 1.0	0
PO Box 8177 Chicago,IL606808177	CHAIRMAN & DIRECTOR 1.0	0
A ROBERT ABBOUD	DIRECTOR 5.0	20,000
PO Box 8177 Chicago,IL606808177	DIRECTOR 5.0	20,000
LESTER MCKEEVER JR	DIRECTOR 5.0	20,000
PO Box 8177 Chicago,IL606808177	DIRECTOR 5.0	20,000
J R DAVIS III	DIRECTOR 5.0	20,000
PO Box 8177 Chicago,IL606808177	DIRECTOR 5.0	20,000
RICHARD DAVIS	DIRECTOR 5.0	20,000
PO Box 8177 Chicago,IL606808177	DIRECTOR 5.0	20,000

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
LAURA DAVIS	ADMINISTRATOR 40.0	150,000	0	0
PO BOX 8177 CHICAGO,IL606808177	ADMINISTRATOR 40.0	150,000	0	0
JANET SUMMERFELT	ADMINISTRATOR 40.0	117,000	0	0
PO BOX 8177 CHICAGO,IL606808177	ADMINISTRATOR 40.0	117,000	0	0






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

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
BKD LLP	Audit & Taxes	54,020
1901 S Meyers Road Suite 500 OAKBROOK TERRACE,IL601815209	Audit & Taxes	54,020

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

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	THE SOCIETY MAINTAINS A REPOSITORY TO PRESERVE AND MAINTAIN WORKS OF ART, ANTIQUITIES, & OTHER SIGNIFICANT COLLECTIBLES. CURRENT YEAR COLLECTION PURCHASES (EXPENSED)	2,296
2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2020)

Page 8

Part X

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

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

purposes:

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

22,218,133

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

3,005,807

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

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

25,223,940

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

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

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

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

25,223,940

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

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

378,359

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

24,845,581

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

1,242,279

Part XI

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

and do not complete this part.)

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

1,242,279

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

5,267

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

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

5,267

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

1,237,012

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

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

1,237,012

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

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

1,237,012

Part XII

Qualifying Distributions (see instructions)

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

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

1,981,017

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

1,981,017

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

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

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

1,981,017

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

Form 990-PF (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					1,237,012
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:2018, 2017, 2016			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	1,909,194
b From 2016......	4,470,168
c From 2017......	4,127,520
d From 2018......	551,570
e From 2019......	828,668
fTotal of lines 3a through e........		11,887,120
4Qualifying distributions for 2020 from Part
XII, line 4: $ 1,981,017
a Applied to 2019, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2020 distributable amount.....					1,237,012
e Remaining amount distributed out of corpus		744,005
5 Excess distributions carryover applied to 2020.
(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		12,631,125
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......
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) .......
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		1,909,194
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		10,721,931
10 Analysis of line 9:
a Excess from 2016....	4,470,168
b Excess from 2017....	4,127,520
c Excess from 2018....	551,570
d Excess from 2019....	828,668
e Excess from 2020....	744,005

Form 990-PF (2020)

Page 10

Part XIV

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

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

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

NONE

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.

NONE

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2020)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Chicago Crime Commission PO Box 8021 Chicago,IL606808021	none	PC	GENERAL SUPPORT	175,000
Chicago Zoological Society (Brookfield Zoo) 3300 Golf Road Brookfield,IL60513	none	PC	GENERAL SUPPORT	50,000
Fox River Valley Hunt Association 6267 Thoren Road Elizabeth,IL61028	NONE	NC	GENERAL SUPPORT	50,000
Carthage College 2001 Alford Park Drive Kenosha,WI53140	NONE	PC	GENERAL SUPPORT	40,910
Equine Land Conservervation Resources 4037 Iron Works Parkway Lexington,KY40511	NONE	PC	GENERAL SUPPORT	2,500
Museum of Science and Industry 5700 Lake Shore Drive Chicago,IL60637	NONE	PC	GENERAL SUPPORT	1,000
Total ................................. 3a				319,410

bApproved for future payment

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

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	585,176
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	15,750
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	175,693
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INCOME			01	887
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				777,506

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

777,506

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2020)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

Yes

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements
1a(1)	50,000	FOX RIVER VALLEY	CASH

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

Pucci Family Foundation

EIN:

36-3092220

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	54,020	21,608		32,412

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2020 DepreciationSchedule

Name:

Pucci Family Foundation

EIN:

36-3092220

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2020 ExpenditureResponsibilityStmt

Name:

Pucci Family Foundation

EIN:

36-3092220

Grantee's Name	Grantee's Address	Grant Date	Grant Amount	Grant Purpose	Amount Expended By Grantee	Any Diversion By Grantee?	Dates of Reports By Grantee	Date of Verification	Results of Verification
Fox River Valley Hunt	6267 E Thoren Road Elizabeth,IL61028		50,000	Educational clinics were held teaching horsemanship of riding and care of aniamls	50,000	NO	April 12, 2021	2021-04-11	Diversions: To the knowledge of the transferor, Pucci Family Foundation, no funds have been diverted to any activity other than the activity for which the transfer was originally made. Verification: Pucci Family Foundation has no reason to doubt the accuracy and reliability of the report from Fox River Valley Hunt Assoc., therefore, no independent verification report was made.

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

Pucci Family Foundation

EIN:

36-3092220

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBOT LABORATORIES	216,858	216,858
ABBVIE INC 2.9%	104,608	104,608
ABBVIE INC 3.2%	104,698	104,698
ABBVIE INC SR UNSECURED	226,244	226,244
AMAZON.COM INC 2.5%	51,926	51,926
AMAZON.COM INC 3.3%	102,305	102,305
APPLE INC 2.4%	157,344	157,344
APPLE INC 2.85%	50,407	50,407
APPLE INC 2.85%	210,026	210,026
AUTOZONE INC 3.7%	160,626	160,626
BANK OF AMERICA CORP 5.7%	105,686	105,686
BANK OF AMERICA CORP 2.625%	201,398	201,398
BANK OF NEW YORK MELLON	314,262	314,262
BERKSHIRE HATHAWAY 3%	207,628	207,628
BERKSHIRE HATHAWAY 3%	105,497	105,497
BERKSHIRE HATHAWAY 2.2%	200,434	200,434
BRISTOL MYERS SQUIBB	216,856	216,856
CVS HEALTH CORP 2.75%	207,914	207,914
CVS HEALTH CORP 3.7%	213,964	213,964
CHEVRON CORPORATION 2.355%	51,778	51,778
CHEVRON CORPORATION 3.191%	212,712	212,712
COCA-COLA COMPANY	52,526	52,526
JOHN DEERE CAPITAL	54,883	54,883
ELECTRONIC ARTS INC SR UNSECUR	100,226	100,226
EXELON CORP SR UNSECURED	49,192	49,192
EXXON MOBIL CORPORATION	204,480	204,480
GENERAL MILLS INC 3.15%	50,964	50,964
GENERAL MILLS INC 2.6%	259,375	259,375
GOLDMAN SACHS GROUP INC 5.75%	184,975	184,975
GOLDMAN SACHS GROUP INC 3.625%	217,664	217,664
HONEYWELL INTERNATIONAL INC	205,310	205,310
INTEL GROUP 3.3%	153,330	153,330
INTEL GROUP 2.7%	104,730	104,730
INTEL GROUP 3.1%	209,214	209,214
INTERNATIONAL EXCHANGE GROUP	53,215	53,215
JP MORGAN CHASE 3.25%	210,342	210,342
JP MORGAN CHASE 3.2%	52,930	52,930
JP MORGAN CHASE 2.7%	105,135	105,135
KIMBERLY-CLARK CORPORATION	100,534	100,534
KROGER CO	203,888	203,888
LAM RESEARCH CORP SR UNSECURED	227,000	227,000
LOCKHEED MARTIN CORP	112,311	112,311
MASTERCARD INC	152,169	152,169
MCDONALDS CORPORATION 2.625%	51,206	51,206
MCDONALDS CORPORATION 3.35%	213,056	213,056
MARCK & CO INC	200,134	200,134
MICROSOFT CORPORATION 2.65%	104,157	104,157
MICROSOFT CORPORATION 2.4%	51,020	51,020
MORGAN STANLEY 2.5%	201,240	201,240
MORGAN STANLEY 5.75%	200,596	200,596
NORTHERN TRUST CORPORATION	152,954	152,954
NORTHERN TRUST CORPORATION	51,668	51,668
ORACLE CORP 2.5%	207,886	207,886
ORACLE CORP SR UNSECURED NOTE	85,856	85,856
ORACLE CORP 2.4%	315,450	315,450
PEPSICO INC 3%	50,920	50,920
PEPSICO INC 1.7%	100,960	100,960
PFIZER INC	266,422	266,422
RAYTHEON TECHNOLOGIES	61,083	61,083
REINSURANCE GROUP OF AMERICA	76,390	76,390
SHELL INTERNATIONAL	51,741	51,741
STARBUCKS CORP 2.7%	103,185	103,185
STARBUCKS CORP 3.1%	211,270	211,270
STATE STREET CORP	53,167	53,167
SYSCO CORPORATION	206,122	206,122
TOYOTA MOTOR CREDIT CORP	51,070	51,070
US BANCORP 3%	206,124	206,124
US BANCORP 2.95%	259,790	259,790
UNITED HEALTH GROUP	181,339	181,339
VERISK ANALYTICS INC	203,420	203,420
WALGREENS BOOTS ALLIANCE	229,680	229,680
WELLS FARGO & CO SR UNSECURED	125,422	125,422
WELLS FARGO & CO	50,505	50,505
WELLS FARGO 4.6%	126,320	126,320
WELLS FARGO 3.5%	51,838	51,838

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

Pucci Family Foundation

EIN:

36-3092220

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOT LABORATORIES	225,659	225,659
ABBVIE INC	82,506	82,506
ALPHABET INC CA CLASS A	350,528	350,528
AMAZON.COM INC	325,693	325,693
APPLE INC	490,953	490,953
BECTON DICKINSON CO	250,220	250,220
BERKSHIRE HATHAWAY	168,338	168,338
BRISTOL MYERS SQUIBB	62,030	62,030
BRISTOL MYERS SQUIBB CONTINGEN	690	690
CATERPILLAR INC	364,040	364,040
CHEVRON CORPORATION	190,857	190,857
CISCO SYSTEMS INC	134,250	134,250
FEDEX CORPORATION	259,620	259,620
HONEYWELL INTERNATIONAL INC	425,400	425,400
ILLINOIS TOOL WORKS INC	61,776	61,776
INTEL CORP	199,280	199,280
I SHARES TRUST PREFERRED	38,510	38,510
JOHNSON & JOHNSON	314,760	314,760
LOCKHEED MARTIN CORP	237,127	237,127
MASTERCARD INC	356,940	356,940
MCDONALDS CORP	214,580	214,580
MERCK & CO INC	245,400	245,400
MICROSOFT CORP	333,630	333,630
MONDELEZ INTERNATIONAL	111,852	111,852
NORFOLK SOUTHERN CORP	285,845	285,845
ORACLE CORP	208,949	208,949
PEPSICO INC	222,450	222,450
PROCTER AND GAMBLE	278,280	278,280
STANDARD & POORS	2,617,160	2,617,160
SCHLUMBERGER LTD	87,320	87,320
STARBUCKS CORPORATION	213,960	213,960
TEXAS INSTRUMENT INC COM	246,195	246,195
VERIZON COMMUNICATIONS	58,750	58,750
VISA INC COM	107,177	107,177

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

Pucci Family Foundation

EIN:

36-3092220

US Government Securities - End of Year Book Value:

1,127,378

US Government Securities - End of Year Fair Market Value:

1,127,378

State & Local Government Securities - End of Year Book Value:

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

- TIN:

TY 2020 LegalFeesSchedule

Name:

Pucci Family Foundation

EIN:

36-3092220

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	11,900			11,900

- TIN:

TY 2020 OtherAssetsSchedule

Name:

Pucci Family Foundation

EIN:

36-3092220

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
COLLECTIONS	1	1	1
REFUNDABLE EXCISE FUNDS	0	7,816	7,816

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

Pucci Family Foundation

EIN:

36-3092220

Description	Amount
DONATED RENT (EXPENSED PER BOOK)	22,458
PY RECONCILIATION	26,054

- TIN:

TY 2020 OtherExpensesSchedule

Name:

Pucci Family Foundation

EIN:

36-3092220

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
OFFICE SUPPLIES	7,243	724	6,519
REPAIRS & MAINTENANCE	223,337		212,972
COLLECTION PURCHASES	2,296		2,296
PROMOTIONAL & PUBLIC RELATIONS	34,000		34,000
POSTAGE	40,467		40,467
DUES & SUBSCRIPTIONS	1,994		1,994
INSURANCE	10,193		18,855
DATA PROCESSING	4,957	496	4,461
MISCELLANEOUS	2,082	208	1,874
AG FILING FEES	15		15
FARMING SERVICES	123,620		123,620

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

Pucci Family Foundation

EIN:

36-3092220

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Miscellaneous Income	887	887

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

Pucci Family Foundation

EIN:

36-3092220

Description	Amount
UNREALIZED GAINS	1,326,978

- TIN:

TY 2020 OtherLiabilitiesSchedule

Name:

Pucci Family Foundation

EIN:

36-3092220

Description	Beginning of Year - Book Value	End of Year - Book Value
DEFERRED TAX LIABILITY	0	58,657

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

Pucci Family Foundation

EIN:

36-3092220

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	108,298	108,298

- TIN:

TY 2020 TaxesSchedule

Name:

Pucci Family Foundation

EIN:

36-3092220

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXCISE TAXES	8,531