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
CHARLES H HOEFLICH CHARITABLE TRUST FBO PENN
 
Number and street (or P.O. box number if mail is not delivered to street address)14 N MAIN STREET PO BOX 559
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SOUDERTON, PA189640197
A Employer identification number

38-7058344
B Telephone number (see instructions)

(215) 721-2549
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$605,234J 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 14 14  
4 Dividends and interest from securities... 13,350 13,350  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 25,390
b Gross sales price for all assets on line 6a 327,389
7 Capital gain net income (from Part IV, line 2)... 25,390
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........ 38,754 38,754  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 2,703      
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)....... Click to see attachment 550 0 0 0
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 130 5   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).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,383 5 0 0
25 Contributions, gifts, grants paid....... 26,465 26,465
26 Total expenses and disbursements. Add lines 24 and 25 29,848 5 0 26,465
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 8,906
b Net investment income (if negative, enter -0-) 38,749
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.............      
2 Savings and temporary cash investments......... 5,132 6,088 6,088
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)....... 193,723 Click to see attachment189,106 276,958
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 270,362 Click to see attachment284,159 322,188
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) 469,217 479,353 605,234
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........... 469,217 479,353
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 469,217 479,353
30 Total liabilities and net assets/fund balances (see instructions). 469,217 479,353
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
469,217
2
Enter amount from Part I, line 27a .....................
2
8,906
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,230
4
Add lines 1, 2, and 3 ..........................
4
479,353
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
479,353
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 3. ABBVIE INC.   2018-05-22 2020-11-23
b 2. AIR PRODUCTS & CHEMICALS INC   2018-05-22 2020-03-06
c 1. AIR PRODUCTS & CHEMICALS INC   2014-11-21 2020-11-23
d 41.073 AB GLOBAL BOND ADVISOR   2020-04-21 2020-05-05
e 87.261 AB GLOBAL BOND ADVISOR   2020-04-21 2020-06-15
88.098 AB GLOBAL BOND ADVISOR   2020-04-21 2020-09-15
20.009 AB GLOBAL BOND ADVISOR   2020-11-27 2020-12-14
7. ALLSTATE CORP   2018-05-22 2020-06-08
1. ALPHABET INC CLASS A   2014-11-21 2020-11-23
1. AMAZON COM INC.   2020-03-06 2020-06-08
38.674 AMERICAN BEACON SMALL CAP VALUE INV   2018-10-04 2020-11-23
1. AMERICAN EXPRESS CO   2020-06-08 2020-11-23
55. AMERISOURCE BERGEN CORP   2018-05-22 2020-03-06
2. APPLE INC.   2018-05-22 2020-06-08
35. APPLE INC.   2017-01-12 2020-11-23
6. AUTOMATIC DATA PROCESSING INC   2020-03-06 2020-11-23
4. AUTOMATIC DATA PROCESSING INC   2020-06-08 2020-11-23
39. AUTOMATIC DATA PROCESSING INC   2018-10-04 2020-11-23
2. BANK AMERICA CORP COM   2018-02-27 2020-03-06
2. BECTON DICKINSON & CO   2018-10-04 2020-03-06
4. BOOKING HLDGS INC   2018-10-04 2020-04-30
25. BROADCOM INC COM   2018-05-22 2020-04-30
1. BROADCOM INC COM   2020-03-06 2020-04-30
4. CVS CORP.   2018-11-28 2020-03-06
2. CARRIER GLOBAL CORPORATION   2020-03-06 2020-04-30
26. CARRIER GLOBAL CORPORATION   2018-05-22 2020-04-30
89. COGNIZANT TECHOLOGY SOLUTIONS   2018-10-04 2020-06-08
32. COGNIZANT TECHOLOGY SOLUTIONS   2020-03-06 2020-06-08
30. COMCAST CORP NEW CLASS A   2018-05-22 2020-03-06
18. COMCAST CORP NEW CLASS A   2018-05-22 2020-11-23
41. CONOCOPHILLIPS COM   2018-10-04 2020-03-06
29. CONSTELLATION BRANDS, INC.   2020-06-08 2020-07-27
10. COSTCO WHOLESALE CORP NEW   2018-05-22 2020-03-06
4. COSTCO WHOLESALE CORP NEW   2014-11-21 2020-06-08
4. COSTCO WHOLESALE CORP NEW   2014-11-21 2020-11-23
69. DXC TECHNOLOGY CO   2018-10-04 2020-03-06
39.563 DIAMOND HILL CORPORATE CREDIT FUND I   2020-04-21 2020-05-05
84.281 DIAMOND HILL CORPORATE CREDIT FUND I   2020-04-21 2020-06-15
85.039 DIAMOND HILL CORPORATE CREDIT FUND I   2020-04-21 2020-09-15
19.576 DIAMOND HILL CORPORATE CREDIT FUND I   2020-11-27 2020-12-14
3. DISNEY COMPANY   2018-02-27 2020-03-06
5. DISNEY COMPANY   2018-05-22 2020-11-23
67. DISCOVER FINANCIAL SERVICES   2018-10-04 2020-06-08
8. DISCOVER FINANCIAL SERVICES   2020-03-06 2020-06-08
24. EOG RESOURCES   2018-10-04 2020-03-06
5.436 AMERICAN FUNDS EUROPACIFIC GROWTH F1   2018-05-22 2020-03-06
94.961 AMERICAN FUNDS EUROPACIFIC GROWTH F1   2018-10-04 2020-11-23
5. FACEBOOK INC. CLASS A   2018-05-22 2020-06-08
4. FACEBOOK INC. CLASS A   2017-07-11 2020-11-23
223.321 FEDERATED SHORT-TERM INCOME FUND #65   2014-04-30 2020-03-16
4696.953 FEDERATED SHORT-TERM INCOME FUND #65   2017-12-19 2020-04-21
68.98 FEDERATED SHORT-TERM INCOME FUND #65   2020-01-07 2020-04-21
408.776 FEDERATED TOTAL RETURN BOND FUND #328-IS   2014-04-30 2020-03-16
8615.903 FEDERATED TOTAL RETURN BOND FUND #328-IS   2017-12-19 2020-04-21
126.862 FEDERATED TOTAL RETURN BOND FUND #328-IS   2020-01-07 2020-04-21
1. FEDEX CORP   2018-05-22 2020-06-08
3. FEDEX CORP   2020-07-27 2020-11-23
14. FEDEX CORP   2018-05-22 2020-11-23
6. GENERAL DYNAMICS CORP   2018-05-22 2020-06-08
5. GENERAL DYNAMICS CORP   2020-03-06 2020-07-27
11. GENERAL DYNAMICS CORP   2016-10-14 2020-07-27
8. GLOBAL PAYMENTS   2018-10-04 2020-03-06
1. HOME DEPOT INC   2018-10-04 2020-03-06
2. HOME DEPOT INC   2018-10-04 2020-11-23
4. HONEYWELL INTERNATIONAL INC.   2018-05-22 2020-03-06
28. INTERCONTINENTAL EXCHANGE GROUP INC.   2018-05-22 2020-03-06
1. INTERCONTINENTAL EXCHANGE GROUP INC.   2014-11-21 2020-11-23
4. IQVIA HLDGS INC   2020-03-06 2020-11-23
6. J. P. MORGAN CHASE & CO. COM   2018-10-04 2020-06-08
1. J. P. MORGAN CHASE & CO. COM   2018-05-22 2020-11-23
.727 JANUS HENDERSON ENTERPRISE A   2018-05-22 2020-03-06
12.324 JANUS HENDERSON ENTERPRISE A   2018-05-22 2020-11-23
46.084 JANUS HENDERSON MULTI SECTOR INCOME I   2020-04-21 2020-05-05
97.905 JANUS HENDERSON MULTI SECTOR INCOME I   2020-04-21 2020-06-15
98.863 JANUS HENDERSON MULTI SECTOR INCOME I   2020-04-21 2020-09-15
22.458 JANUS HENDERSON MULTI SECTOR INCOME I   2020-11-27 2020-12-14
1. JOHNSON & JOHNSON   2018-10-04 2020-03-06
4. KIMBERLY CLARK CORP   2017-09-14 2020-03-06
10. KIMBERLY CLARK CORP   2017-09-14 2020-06-08
2. L3 HARRIS TECHNOLOGIES INC COM   2018-02-27 2020-03-06
24. L3 HARRIS TECHNOLOGIES INC COM   2018-05-22 2020-07-27
1. L3 HARRIS TECHNOLOGIES INC COM   2020-06-08 2020-07-27
84.581 METROPOLITAN WEST TOTAL RETURN BOND FUND CL I   2020-04-21 2020-05-05
179.644 METROPOLITAN WEST TOTAL RETURN BOND FUND CL I   2020-04-21 2020-06-15
181.58 METROPOLITAN WEST TOTAL RETURN BOND FUND CL I   2020-04-21 2020-09-15
41.151 METROPOLITAN WEST TOTAL RETURN BOND FUND CL I   2020-11-27 2020-12-14
6. MICROSOFT CORPORATION   2020-06-08 2020-11-23
14. MONSTER BEVERAGE CORP NEW   2019-03-28 2020-06-08
6. MONSTER BEVERAGE CORP NEW   2019-03-28 2020-11-23
44.875 LOOMIS SAYLES CORE PLUS BOND FUND Y   2020-04-21 2020-05-05
95.297 LOOMIS SAYLES CORE PLUS BOND FUND Y   2020-04-21 2020-06-15
96.19 LOOMIS SAYLES CORE PLUS BOND FUND Y   2020-04-21 2020-09-15
21.818 LOOMIS SAYLES CORE PLUS BOND FUND Y   2020-11-27 2020-12-14
8. NEXTERA ENERGY INC. COM   2020-03-06 2020-11-23
8. NIKE INC. CLASS B   2018-10-04 2020-03-06
3. NIKE INC. CLASS B   2018-02-27 2020-06-08
14. NIKE INC. CLASS B   2018-02-27 2020-11-23
7. O REILLY AUTOMOTIVE INC NEW   2020-04-30 2020-06-08
38. OCCIDENTAL PETROLEUM   2018-10-04 2020-03-06
1. OTIS WORLDWIDE CORP   2020-03-06 2020-04-30
13. OTIS WORLDWIDE CORP   2018-05-22 2020-04-30
2. PNC BANK CORP.   2018-05-22 2020-03-06
10. PNC BANK CORP.   2018-10-04 2020-06-08
30. PNC BANK CORP.   2017-03-16 2020-11-23
5. PACCAR INC   2018-02-27 2020-03-06
22. PACCAR INC   2018-02-27 2020-06-08
13. PACCAR INC   2018-02-27 2020-11-23
54. T. ROWE PRICE GROUP   2018-10-04 2020-03-06
28. RAYTHEON TECHNOLOGIES CORP   2020-06-08 2020-07-27
26. RAYTHEON TECHNOLOGIES CORP   2018-05-22 2020-07-27
46. SCHLUMBERGER LTD   2018-10-04 2020-03-06
15. ENERGY SELECT SECTOR SPDR ETF   2020-03-06 2020-06-08
132. UTILITIES SELECT SECTOR SPDR ETF   2018-05-22 2020-03-06
2. SHERWIN WILLIAMS CO   2018-05-22 2020-11-23
1. SKYWORKS SOLUTIONS INC. COM   2020-06-08 2020-11-23
66. SUNCOR ENERGY INC. NEW ADR   2018-10-04 2020-03-06
6. THERMO FISHER SCIENTIFIC INC. COM   2018-05-22 2020-03-06
1. THERMO FISHER SCIENTIFIC INC. COM   2017-03-16 2020-06-08
3. THERMO FISHER SCIENTIFIC INC. COM   2017-03-16 2020-11-23
61. V.F. CORPORATION   2018-10-04 2020-03-06
37. VANGUARD TOTAL INTERNATIONAL STOCK ETF   2018-05-22 2020-11-23
27.356 VANGUARD EXPLORER FUND ADMIRAL   2018-05-22 2020-11-23
10. VERIZON COMMUNICATIONS   2018-10-04 2020-03-06
3. VERIZON COMMUNICATIONS   2018-10-04 2020-11-23
7. VISA INC. COM CLASS A   2018-05-22 2020-03-06
1. VISA INC. COM CLASS A   2014-11-21 2020-11-23
4.267 WELLS FARGO SPECIAL MID CAP VALUE FUND   2017-09-14 2020-03-06
2.303 WELLS FARGO SPECIAL MID CAP VALUE FUND   2017-09-14 2020-11-23
3. AMDOCS LTD   2020-06-08 2020-11-23
3. TE CONNECTIVITY LTD   2018-02-27 2020-06-08
15. TE CONNECTIVITY LTD   2018-05-22 2020-11-23
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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 306   319 -13
b 455   336 119
c 276   133 143
d 345   343 2
e 745   728 17
762   735 27
173   174 -1
746   669 77
1,731   546 1,185
2,524   1,881 643
873   1,063 -190
116   113 3
4,665   4,768 -103
665   375 290
3,989   1,028 2,961
1,032   938 94
688   642 46
6,705   5,844 861
51   65 -14
474   478 -4
5,895   5,580 315
6,796   3,292 3,504
272   266 6
254   323 -69
35   43 -8
455   487 -32
5,207   5,076 131
1,872   1,853 19
1,193   1,085 108
898   587 311
1,845   2,060 -215
5,185   5,384 -199
3,062   1,803 1,259
1,228   559 669
1,526   559 967
1,296   6,388 -5,092
409   410 -1
932   873 59
984   881 103
230   231 -1
340   315 25
731   522 209
4,108   4,364 -256
491   498 -7
1,311   2,240 -929
272   311 -39
6,057   5,324 733
1,154   863 291
1,072   606 466
1,912   1,918 -6
39,877   40,194 -317
586   592 -6
4,488   4,525 -37
96,757   94,806 1,951
1,425   1,408 17
149   254 -105
858   511 347
4,005   2,088 1,917
1,001   1,068 -67
739   802 -63
1,625   1,669 -44
1,409   972 437
225   199 26
544   397 147
648   583 65
2,619   1,627 992
102   44 58
682   539 143
677   682 -5
118   113 5
91   90 1
1,921   1,522 399
414   411 3
925   872 53
967   881 86
224   223 1
140   139 1
578   483 95
1,386   1,146 240
394   319 75
4,016   2,532 1,484
167   208 -41
959   959  
2,062   2,037 25
2,114   2,059 55
459   481 -22
1,261   1,128 133
984   765 219
505   328 177
616   617 -1
1,335   1,309 26
1,374   1,322 52
314   313 1
597   535 62
696   574 122
312   205 107
1,877   771 1,106
2,930   2,708 222
1,013   2,724 -1,711
51   64 -13
659   730 -71
226   303 -77
1,309   1,413 -104
4,016   2,648 1,368
320   357 -37
1,728   1,569 159
1,164   927 237
6,256   4,329 1,927
1,713   2,060 -347
1,590   1,625 -35
1,088   4,024 -2,936
699   633 66
8,760   6,282 2,478
1,468   779 689
138   134 4
1,640   2,256 -616
1,839   1,067 772
349   158 191
1,339   473 866
4,246   5,208 -962
2,132   2,127 5
3,197   2,635 562
560   550 10
181   165 16
1,274   665 609
208   64 144
158   161 -3
96   87 9
197   198 -1
275   315 -40
1,693   1,380 313
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
      3,312
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       -13
b       119
c       143
d       2
e       17
      27
      -1
      77
      1,185
      643
      -190
      3
      -103
      290
      2,961
      94
      46
      861
      -14
      -4
      315
      3,504
      6
      -69
      -8
      -32
      131
      19
      108
      311
      -215
      -199
      1,259
      669
      967
      -5,092
      -1
      59
      103
      -1
      25
      209
      -256
      -7
      -929
      -39
      733
      291
      466
      -6
      -317
      -6
      -37
      1,951
      17
      -105
      347
      1,917
      -67
      -63
      -44
      437
      26
      147
      65
      992
      58
      143
      -5
      5
      1
      399
      3
      53
      86
      1
      1
      95
      240
      75
      1,484
      -41
       
      25
      55
      -22
      133
      219
      177
      -1
      26
      52
      1
      62
      122
      107
      1,106
      222
      -1,711
      -13
      -71
      -77
      -104
      1,368
      -37
      159
      237
      1,927
      -347
      -35
      -2,936
      66
      2,478
      689
      4
      -616
      772
      191
      866
      -962
      5
      562
      10
      16
      609
      144
      -3
      9
      -1
      -40
      313
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 25,390
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................................ 1 539
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........................... 3 539
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- ..... 5 539
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 259
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.............. 7 259
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 280
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)
    bulletPA
    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 .Click to see attachment
    8b
     
    No
    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 ofbulletUNIVEST BANK AND TRUST CO, TRUST SERVICES Telephone no.bullet (215) 721-2549

    Located atbullet14 N MAIN STREET PO BOX 197SOUDERTONPA ZIP+4bullet18964
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Univest Bank Trustee
    1     		2,703    
    141 N Main St
    Souderton,PA18964
    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
    535,879
    b
    Average of monthly cash balances.......................
    1b
    2,534
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    538,413
    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
    538,413
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    8,076
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    530,337
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    26,517
    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
    26,517
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    539
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    539
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    25,978
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    25,978
    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
    25,978
    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
    26,465
    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
    26,465
    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
    26,465
    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 25,978
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 937
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 26,465
    a Applied to 2019, but not more than line 2a 937
    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..... 25,528
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		450
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    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
    Penn Foundation
    ATTN WAYNE A MUGRAUER PRESIDENT
    Sellersville,PA18960     		  PC GENERAL 26,465
    Total .................................bullet 3a 26,465
    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 ...........     		    14 14  
    4 Dividends and interest from securities....     14 13,350  
    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 25,390  
    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)..   38,754  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    38,754
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    CHARLES H HOEFLICH CHARITABLE TRUST FBO PENN
    EIN:
    38-7058344
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 550      

    TY 2020 ExplnOfNonFilingWithAGStmt
    Name:
    CHARLES H HOEFLICH CHARITABLE TRUST FBO PENN
    EIN:
    38-7058344
    Statement:
    The entity is exempt from PA's registration requirement.

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    CHARLES H HOEFLICH CHARITABLE TRUST FBO PENN
    EIN:
    38-7058344
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE INC 3,967 5,572
    AIR PRODUCTS & CHEMICALS INC 2,057 4,098
    ALLSTATE CORP 5,288 7,145
    ALPHABET INC CLASS A 2,914 7,011
    AMERIPRISE BERGEN CORP    
    AMGEN 4,928 6,668
    APPLE INC 2,733 11,809
    BANK OF AMERICA CORP COM 6,197 5,910
    BECTON DICKINSON & CO 3,711 5,755
    BROADCOM LTD    
    COGNIZANT TECHNOLOGY SOLUTIONS    
    COMCAST CORP NEW CLASS A 3,313 5,554
    CONOCOPHILLIPS COM    
    COSTCO WHOLESALE CORP NEW 3,818 7,159
    CVS CORP 5,482 5,396
    DISCOVER FINANCIAL SERVICES    
    EOG RESOURCES    
    FEDEX CORP 2,719 4,414
    GENERAL DYNAMICS CORP    
    HARRIS CORP    
    HOME DEPOT INC 3,907 7,703
    HONEYWELL INTERNATIONAL INC 7,612 12,124
    INTERCONTINENTAL EXCHANGE GROU 2,688 5,995
    J P MORGAN CHASE & CO COM 3,360 5,845
    JOHNSON & JOHNSON 4,170 5,666
    KIMBERLY CLARK CORP 6,525 7,011
    NIKE INC CLASS B 2,623 6,932
    OCCIDENTAL PETROLEUM    
    PNC FINANCIAL SERVICES GROUP I    
    SCHLUMBERGER LTD    
    SUNCOR ENERGY INC NEW    
    T ROW PRICE GROUP    
    TE CONNECTIVITY LTD 5,281 8,596
    UNITED TECHNOLOGIES CORP    
    UTILITIES SELECT SECTOR SPDR E    
    VERIZON COMMUNICATIONS 3,403 3,819
    VISA INC COM CLASS A 2,669 8,312
    WALT DISNEY COMPANY 4,691 8,334
    FACEBOOK INC CLASS A    
    SHERWIN WILLIAS CO 1,782 3,675
    THERMO FISHER SCIENTIFIC INC 2,439 6,987
    KRAFT HEINZ CO    
    AUTOMATED DATA PROCESSING INC    
    BOOKING HLDGS INC    
    DXC TECHNOLOGY CO    
    GLOBAL PAYMENTS    
    PACCAR INC 4,061 4,487
    V.F. CORPORATION    
    MONSTER BEVERAGE CORP NEW 2,749 4,069
    AMAZON COM INC. 3,761 6,514
    AMDOCS LTD 9,310 10,001
    AMERICAN EXPRESS CO 5,208 5,562
    AMERICAN TOWER REIT 8,081 7,632
    ENERGY SELECT SECTOR SPDR ETF 9,067 8,300
    FACEBOOK INC. CLASS A 3,563 6,556
    FISERV INC. 7,743 7,856
    GLOBAL PAYMENTS 5,118 8,832
    MICROSOFT CORPORATION 7,751 9,564
    NEXTERA ENERGY INC. COM 3,462 4,012
    O REILLY AUTOMOTIVE INC NEW 6,963 8,146
    SEMPRA ENERGY INC 4,192 3,822
    SKYWORKS SOLUTIONS INC. COM 5,626 8,561
    IQVIA HLDGS INC 4,174 5,554

    TY 2020 InvestmentsOtherSchedule2
    Name:
    CHARLES H HOEFLICH CHARITABLE TRUST FBO PENN
    EIN:
    38-7058344
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    WELLS FARGO SPECIAL MID CAP VA AT COST 12,880 17,102
    AMERICAN BEACON SMALL CAP VALU AT COST 18,115 17,799
    VANGUARD EXPLORER FUND ADMIRAL AT COST 12,216 17,010
    VANGUARD TOTAL INTERNATIONAL S AT COST 35,674 42,714
    AMERICAN FUNDS EUROPACIFIC GRO AT COST 30,364 44,501
    FEDERATED SHORT TERM INCOME FU      
    FEDERATED TOTAL RETURN BOND FU      
    JANUS HENDERSON ENTERPRISE A AT COST 13,002 16,126
    AB GLOBAL BOND ADVISOR AT COST 20,144 20,790
    DIAMOND HILL CORPORATE CREDIT AT COST 24,700 27,231
    JANUS HENDERSON MULTI SECTOR I AT COST 24,562 26,964
    LOOMIS SAYLES CORE PLUS BOND F AT COST 36,258 36,878
    METROPOLITAN WEST TOTAL RETURN AT COST 56,244 55,073

    TY 2020 OtherIncreasesSchedule
    Name:
    CHARLES H HOEFLICH CHARITABLE TRUST FBO PENN
    EIN:
    38-7058344
    Description Amount
    EOY ADJUSTMENT 1,230


    TY 2020 TaxesSchedule
    Name:
    CHARLES H HOEFLICH CHARITABLE TRUST FBO PENN
    EIN:
    38-7058344
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2019 ESTIMATED TAX 125 0   0
    FOREIGN TAX PAID 5 5   0