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 04-01-2020 , and ending 03-31-2021
Name of foundation
WILLIAM A BADGER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118
A Employer identification number

74-6087935
B Telephone number (see instructions)

(888) 730-4933
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$72,312,740J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 976,576 976,576  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,880,993
b Gross sales price for all assets on line 6a 14,596,049
7 Capital gain net income (from Part IV, line 2)... 1,880,993
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)....... Click to see attachment 176,364 176,364  
12 Total. Add lines 1 through 11........ 3,033,933 3,033,933  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 214,677 193,209   21,468
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 7,245 0 0 7,245
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 25,933 12,833   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 276 276    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 248,131 206,318 0 28,713
25 Contributions, gifts, grants paid....... 3,001,223 3,001,223
26 Total expenses and disbursements. Add lines 24 and 25 3,249,354 206,318 0 3,029,936
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -215,421
b Net investment income (if negative, enter -0-) 2,827,615
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............. 2,073 2,073 2,073
2 Savings and temporary cash investments......... 3,096,311 3,070,901 3,070,901
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).......   Click to see attachment10,736,201 29,488,400
c Investments—corporate bonds (attach schedule).......   Click to see attachment9,387,962 9,600,704
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 40,556,339 Click to see attachment20,237,752 30,150,662
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) 43,654,723 43,434,889 72,312,740
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 43,654,723 43,434,889
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)..... 43,654,723 43,434,889
30 Total liabilities and net assets/fund balances (see instructions). 43,654,723 43,434,889
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
43,654,723
2
Enter amount from Part I, line 27a .....................
2
-215,421
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
4,259
4
Add lines 1, 2, and 3 ..........................
4
43,443,561
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
8,672
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
43,434,889
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 19223. ISHARES MSCI EAFE ETF   2008-01-14 2020-04-01
b 44000. VANGUARD FTSE EMERGING MARKETS ETF   2009-01-21 2020-04-01
c 1556.87 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2020-04-15
d 397.51 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2020-04-25
e 1542.11 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2020-05-15
200000. QUALCOMM INC 2.250% 5/20/20   2015-10-20 2020-05-20
254.83 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2020-05-25
59516.828 JPMORGAN HIGH YIELD-R6 #3938   2016-11-11 2020-05-28
43149.7 T ROWE PRICE INST FLOAT RATE 170   2016-11-11 2020-05-28
20970. SPDR DJ WILSHIRE INTERNATIONAL R ETF     2020-05-29
24688. VANGUARD REAL ESTATE ETF     2020-05-29
63. CHIPOTLE MEXICAN GRILL INC   2020-03-10 2020-06-04
615. LULULEMON ATHLETICA INC     2020-06-04
265. NETFLIX.COM INC   2017-06-05 2020-06-04
365. NVIDIA CORP   2019-01-25 2020-06-04
455. POOL CORPORATION     2020-06-04
2715. NORWEGIAN CRUISE LINE HOLDING     2020-06-04
144000. BECTON DICKINSON 3.250% 11/12/20   2012-09-24 2020-06-10
1878.88 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2020-06-15
100000. UNIV OF CENTRAL ARKA 3.000% 9/01/21   2015-02-25 2020-06-22
320.54 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2020-06-25
1345. ACTIVISION BLIZZARD INC   2019-01-25 2020-06-26
735. BOEING CO     2020-06-26
1905. COCA COLA CO   2019-10-30 2020-06-26
8350. COCA COLA CO     2020-06-26
175. TRANSDIGM GROUP INC     2020-06-26
200000. WESTPAC BANKING CORP 2.600% 11/23/20   2016-05-16 2020-07-10
48. AMAZON COM INC COM   2019-10-30 2020-07-13
280. DEXCOM INC   2018-09-12 2020-07-13
125. NETFLIX.COM INC   2017-06-05 2020-07-13
395. TRACTOR SUPPLY CO COM     2020-07-13
2272. JAZZ PHARMACEUTICALS PLC     2020-07-13
1669.68 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2020-07-15
318.59 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2020-07-25
1974.56 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2020-08-15
304.12 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2020-08-25
2046.59 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2020-09-15
238.75 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2020-09-25
56000. BECTON DICKINSON 3.250% 11/12/20   2012-09-24 2020-09-29
100000. US TREASURY NOTE 3.125% 5/15/21   2019-11-05 2020-10-08
1925.17 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2020-10-15
320. ACTIVISION BLIZZARD INC   2019-01-25 2020-10-20
75. ALIGN TECHNOLOGY INC   2020-06-04 2020-10-20
75. ALPHABET INC CL C   2014-09-11 2020-10-20
11. AMAZON COM INC COM   2014-05-09 2020-10-20
19. AMAZON COM INC COM   2019-10-30 2020-10-20
1405. APPLE INC   2008-02-11 2020-10-20
120. ARISTA NETWORKS INC   2019-05-22 2020-10-20
20. BOOKING HOLDINGS INC   2019-03-25 2020-10-20
620. BOSTON SCIENTIFIC CORP COM   2020-06-04 2020-10-20
155. BROADCOM INC   2018-04-04 2020-10-20
440. CENTENE CORP DEL   2019-12-26 2020-10-20
15. CHIPOTLE MEXICAN GRILL INC   2020-03-10 2020-10-20
555. CONCHO RESOURCES INC   2015-08-18 2020-10-20
135. CONSTELLATION BRANDS INC   2019-03-25 2020-10-20
175. DANAHER CORP   2017-08-23 2020-10-20
65. DEXCOM INC   2018-09-12 2020-10-20
340. FACEBOOK INC   2013-11-05 2020-10-20
140. FIDELITY NATL INFORMATION SVCS INC   2016-08-12 2020-10-20
110. HOME DEPOT INC   2013-04-03 2020-10-20
165. INTERCONTINENTAL EXCHANGE INC   2019-03-25 2020-10-20
135. ESTEE LAUDER COMPANIES INC   2020-06-04 2020-10-20
135. ELI LILLY & CO COM   2020-07-13 2020-10-20
545. MICROSOFT CORP   2015-11-18 2020-10-20
585. MORGAN STANLEY   2017-12-26 2020-10-20
60. NETFLIX.COM INC   2019-10-02 2020-10-20
95. NVIDIA CORP   2019-01-25 2020-10-20
125. PRA HEALTH SCIENCES INC   2018-03-13 2020-10-20
115. PALO ALTO NETWORKS INC   2019-12-26 2020-10-20
85. POOL CORPORATION   2018-05-09 2020-10-20
40. S&P GLOBAL INC   2014-12-29 2020-10-20
230. SALESFORCE COM INC   2019-10-30 2020-10-20
60. SERVICENOW INC   2020-06-26 2020-10-20
90. TELADOC HEALTH INC   2020-07-13 2020-10-20
200. TRACTOR SUPPLY CO COM   2010-11-24 2020-10-20
35. TRANSDIGM GROUP INC   2015-12-21 2020-10-20
60. ULTA BEAUTY INC   2020-06-04 2020-10-20
100. VERTEX PHARMACEUTICALS INC COM   2018-09-12 2020-10-20
180. ZENDESK INC   2020-06-26 2020-10-20
135. ACCENTURE PLC   2020-03-11 2020-10-20
1415. APPLE INC   2008-02-11 2020-10-22
1083. CONCHO RESOURCES INC     2020-10-22
2247. CONCHO RESOURCES INC   2020-03-10 2020-10-22
560. DANAHER CORP     2020-10-22
255. NVIDIA CORP   2019-01-25 2020-10-22
437.42 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2020-10-25
350000. US TREASURY NOTE 1.250% 10/31/21     2020-11-12
1978.4 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2020-11-15
3. CONCHO RESOURCES INC   2020-03-10 2020-11-18
250000. US TREASURY NOTE 1.750% 5/31/22     2020-11-19
313.2 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2020-11-25
1705. BOSTON SCIENTIFIC CORP COM   2020-06-04 2020-12-03
2380. ELI LILLY & CO COM     2020-12-03
1540. TELADOC HEALTH INC     2020-12-03
35000. US TREASURY NOTE 2.375% 1/31/23   2019-05-30 2020-12-03
2915. NORWEGIAN CRUISE LINE HOLDING     2020-12-03
280. ALIGN TECHNOLOGY INC   2015-08-03 2020-12-08
1976.95 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2020-12-15
289.39 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2020-12-25
200000. US BANCORP 2.350% 1/29/21   2016-02-18 2020-12-29
185. APPLE INC   2020-12-03 2021-01-13
95. ARISTA NETWORKS INC   2019-05-22 2021-01-13
180. CANADIAN PAC RY LTD   2020-12-03 2021-01-13
280. CENTENE CORP DEL   2019-12-26 2021-01-13
185. ECOLAB INC   2020-12-03 2021-01-13
15. ECOLAB INC   2010-07-14 2021-01-13
340. FORTUNE BRANDS HOME & SECURITY   2020-12-03 2021-01-13
45. FORTUNE BRANDS HOME & SECURITY   2013-05-10 2021-01-13
130. HOME DEPOT INC   2020-12-03 2021-01-13
80. HOME DEPOT INC   2013-04-03 2021-01-13
140. INTERCONTINENTAL EXCHANGE INC   2019-03-25 2021-01-13
520. INTERCONTINENTAL EXCHANGE INC   2020-12-03 2021-01-13
210. ESTEE LAUDER COMPANIES INC   2020-12-03 2021-01-13
50. LULULEMON ATHLETICA INC   2019-06-28 2021-01-13
70. MICROSOFT CORP   2015-11-18 2021-01-13
450. MORGAN STANLEY   2017-12-26 2021-01-13
50. NVIDIA CORP   2019-01-25 2021-01-13
105. NVIDIA CORP   2020-12-03 2021-01-13
60. PALO ALTO NETWORKS INC   2019-12-26 2021-01-13
70. SALESFORCE COM INC   2020-12-03 2021-01-13
105. TRACTOR SUPPLY CO COM   2010-11-24 2021-01-13
215. TRIMBLE NAV LTD   2020-10-22 2021-01-13
50. ULTA BEAUTY INC   2020-12-03 2021-01-13
20. ULTA BEAUTY INC   2018-12-24 2021-01-13
730. VERTEX PHARMACEUTICALS INC COM   2020-12-03 2021-01-13
300. ZENDESK INC     2021-01-13
1840.95 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2021-01-15
306.62 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2021-01-25
1140. ACTIVISION BLIZZARD INC   2019-01-25 2021-01-28
2118. TRIMBLE NAV LTD   2020-10-22 2021-01-28
383. ZENDESK INC   2020-10-22 2021-01-28
100000. US TREASURY NOTE 2.375% 1/31/23     2021-02-08
100000. US TREASURY NOTE 1.750% 5/31/22     2021-02-08
1770.49 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2021-02-15
350.67 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2021-02-25
200000. CISCO SYSTEMS INC 2.900% 3/04/21   2016-02-18 2021-03-04
430. HOME DEPOT INC     2021-03-05
1075. PRA HEALTH SCIENCES INC   2021-01-28 2021-03-05
270. VISA INC-CLASS A SHRS     2021-03-05
200000. CATERPILLAR INC 2.600% 6/26/22   2017-09-19 2021-03-15
1947.57 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2021-03-15
328.69 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2021-03-25
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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 997,844   1,468,956 -471,112
b 1,437,791   945,102 492,689
c 1,557   1,623 -66
d 398   430 -32
e 1,542   1,607 -65
200,000   199,696 304
255   276 -21
392,216   431,497 -39,281
400,429   431,497 -31,068
603,524   1,157,666 -554,142
1,909,760   1,149,420 760,340
66,192   43,861 22,331
195,672   123,950 71,722
111,005   43,730 67,275
128,482   58,269 70,213
120,044   68,229 51,815
53,509   146,375 -92,866
145,791   155,436 -9,645
1,879   1,958 -79
101,084   101,476 -392
321   347 -26
102,089   64,439 37,650
125,676   243,156 -117,480
83,532   102,908 -19,376
366,139   378,278 -12,139
73,561   54,723 18,838
201,562   204,690 -3,128
159,014   85,008 74,006
122,187   40,405 81,782
71,122   20,628 50,494
54,924   22,418 32,506
242,743   197,727 45,016
1,670   1,740 -70
319   345 -26
1,975   2,058 -83
304   329 -25
2,047   2,133 -86
239   258 -19
56,202   60,448 -4,246
101,813   102,176 -363
1,925   2,007 -82
25,609   15,331 10,278
25,018   19,982 5,036
117,127   43,275 73,852
35,308   3,193 32,115
60,987   33,649 27,338
164,905   6,464 158,441
26,739   30,354 -3,615
33,305   35,078 -1,773
23,281   23,303 -22
58,379   36,559 21,820
28,847   27,841 1,006
20,241   10,443 9,798
26,227   61,034 -34,807
24,370   22,695 1,675
39,829   14,334 25,495
25,483   9,380 16,103
90,952   16,953 73,999
19,733   8,209 11,524
31,502   7,747 23,755
16,466   12,175 4,291
30,460   27,290 3,170
19,377   22,435 -3,058
117,155   29,306 87,849
30,140   30,622 -482
31,548   16,021 15,527
51,789   15,166 36,623
13,670   11,511 2,159
27,628   26,819 809
30,229   12,476 17,753
13,586   3,606 9,980
58,830   36,204 22,626
31,016   23,849 7,167
20,078   21,119 -1,041
29,938   4,247 25,691
17,233   7,896 9,337
13,949   15,103 -1,154
21,528   17,800 3,728
20,224   15,424 4,800
30,933   22,453 8,480
163,083   6,510 156,573
49,585   99,071 -49,486
102,879   111,362 -8,483
130,622   37,313 93,309
136,030   40,708 95,322
437   473 -36
353,787   341,301 12,486
1,978   2,062 -84
171   149 22
256,074   249,914 6,160
313   339 -26
57,980   64,084 -6,104
342,230   395,296 -53,066
305,369   352,684 -47,315
36,669   35,398 1,271
72,709   123,901 -51,192
143,656   17,505 126,151
1,977   2,061 -84
289   313 -24
200,000   202,266 -2,266
24,238   22,737 1,501
29,610   24,030 5,580
65,579   57,959 7,620
18,701   17,717 984
40,318   41,299 -981
3,269   723 2,546
30,023   28,060 1,963
3,974   1,837 2,137
35,860   35,116 744
22,068   5,634 16,434
16,504   10,331 6,173
61,301   55,541 5,760
54,086   52,034 2,052
17,594   8,990 8,604
15,144   3,764 11,380
34,062   23,555 10,507
27,127   7,982 19,145
56,966   56,343 623
21,882   13,992 7,890
15,261   15,658 -397
16,107   2,230 13,877
15,092   10,966 4,126
14,657   14,434 223
5,863   4,629 1,234
166,106   164,746 1,360
44,431   37,057 7,374
1,841   1,919 -78
307   332 -25
103,707   54,618 49,089
144,759   108,026 36,733
54,668   41,641 13,027
104,453   100,096 4,357
102,156   99,758 2,398
1,770   1,845 -75
351   379 -28
200,000   208,964 -8,964
106,838   29,928 76,910
153,191   134,679 18,512
57,128   50,494 6,634
206,058   202,618 3,440
1,948   2,030 -82
329   356 -27
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
      42,382
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       -471,112
b       492,689
c       -66
d       -32
e       -65
      304
      -21
      -39,281
      -31,068
      -554,142
      760,340
      22,331
      71,722
      67,275
      70,213
      51,815
      -92,866
      -9,645
      -79
      -392
      -26
      37,650
      -117,480
      -19,376
      -12,139
      18,838
      -3,128
      74,006
      81,782
      50,494
      32,506
      45,016
      -70
      -26
      -83
      -25
      -86
      -19
      -4,246
      -363
      -82
      10,278
      5,036
      73,852
      32,115
      27,338
      158,441
      -3,615
      -1,773
      -22
      21,820
      1,006
      9,798
      -34,807
      1,675
      25,495
      16,103
      73,999
      11,524
      23,755
      4,291
      3,170
      -3,058
      87,849
      -482
      15,527
      36,623
      2,159
      809
      17,753
      9,980
      22,626
      7,167
      -1,041
      25,691
      9,337
      -1,154
      3,728
      4,800
      8,480
      156,573
      -49,486
      -8,483
      93,309
      95,322
      -36
      12,486
      -84
      22
      6,160
      -26
      -6,104
      -53,066
      -47,315
      1,271
      -51,192
      126,151
      -84
      -24
      -2,266
      1,501
      5,580
      7,620
      984
      -981
      2,546
      1,963
      2,137
      744
      16,434
      6,173
      5,760
      2,052
      8,604
      11,380
      10,507
      19,145
      623
      7,890
      -397
      13,877
      4,126
      223
      1,234
      1,360
      7,374
      -78
      -25
      49,089
      36,733
      13,027
      4,357
      2,398
      -75
      -28
      -8,964
      76,910
      18,512
      6,634
      3,440
      -82
      -27
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 1,880,993
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 39,304
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 39,304
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 39,304
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 40,498
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 47
7 Total credits and payments. Add lines 6a through 6d.............. 7 40,545
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,241
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,241 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)
    bulletTX
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletWELLS FARGO BANK NA Telephone no.bullet (888) 730-4933

    Located atbullet100 N MAIN ST MAC D4001-117WINSTON SALEMNC ZIP+4bullet27101
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    WELLS FARGO BANK N A TRUSTEE
    1     		214,677    
    100 N MAIN ST MAC D4001-117
    WINSTON SALEM,NC27101
    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
    61,960,638
    b
    Average of monthly cash balances.......................
    1b
    3,122,131
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    65,082,769
    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
    65,082,769
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    976,242
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    64,106,527
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,205,326
    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
    3,205,326
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    39,304
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    39,304
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,166,022
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,166,022
    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
    3,166,022
    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
    3,029,936
    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
    3,029,936
    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
    3,029,936
    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 3,166,022
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 120,200
    b From 2016...... 108,000
    c From 2017...... 15,159
    d From 2018...... 38,466
    e From 2019...... 0
    fTotal of lines 3a through e........ 281,825
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 3,029,936
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 3,029,936
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 136,086 136,086
    (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 5 145,739
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		145,739
    10 Analysis of line 9:
    a Excess from 2016.... 92,114
    b Excess from 2017.... 15,159
    c Excess from 2018.... 38,466
    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).)
    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
    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
    CITY OF WACO FBO OAKWOOD CEMETERY
    300 AUSTIN AVE ATTN FINANCE DEPT
    WACO,TX767022570     		NONE PC GENERAL OPERATING 150,061
    TOWN OF EDINBURGH FBO REST HAVEN
    107 S HOLLAND ST
    EDINBURGH,IN46124     		NONE PC GENERAL OPERATING 150,061
    EDINBURGH UNITED METHODIST CHURCH
    107 W CAMPBELL ST
    EDINBURGH,IN46124     		NONE PC GENERAL OPERATING 150,061
    ST PAULS EPISCOPAL CHURCH
    515 COLUMBUS AVE
    WACO,TX76701     		NONE PC GENERAL OPERATING 150,061
    METHODIST CHILDRENS HOME OF WACO
    1111 HERRING AVE
    Waco,TX76708     		NONE PC GENERAL OPERATING 1,050,428
    BAYLOR UNIVERSITY
    1311 S 5TH ST
    WACO,TX767987026     		NONE PC GENERAL OPERATING 1,200,490
    PAUL QUINN COLLEGE
    3837 SIMPSON STUART RD
    DALLAS,TX75241     		NONE PC GENERAL OPERATING 150,061
    Total .................................bullet 3a 3,001,223
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 976,576  
    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 1,880,993  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME     		    1 5,778  
    bPARTNERSHIP INCOME     1 170,586  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   3,033,933  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,033,933
    (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:
    WILLIAM A BADGER FOUNDATION
    EIN:
    74-6087935
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 7,245     7,245

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    WILLIAM A BADGER FOUNDATION
    EIN:
    74-6087935
    Name of Bond End of Year Book Value End of Year Fair Market Value
    92826CAC6 VISA INC 204,720 207,738
    02665WCA7 AMERICAN HONDA FINAN 196,652 206,966
    78013XZU5 ROYAL BANK OF CANADA 202,654 210,908
    57636QAN4 MASTERCARD INC 259,135 260,580
    9128284A5 US TREASURY NOTE 400,049 418,752
    40434LAA3 HP INC 210,352 206,348
    654106AH6 NIKE INC 211,394 210,738
    91324PDJ8 UNITEDHEALTH GROUP 100,541 106,756
    316773CZ1 FIFTH THIRD BANCORP 230,832 229,939
    693475AV7 PNC FINANCIAL SERVIC 201,972 215,660
    377372AH0 GLAXOSMITHKLINE CAP 98,358 104,638
    912828Z52 US TREASURY NOTE 306,908 308,568
    606822BD5 MITSUBISHI UFJ FIN 206,474 214,730
    023135BQ8 AMAZON.COM INC 200,134 199,122
    14040HBT1 CAPITAL ONE FINANCIA 208,568 215,540
    863667BA8 STRYKER CORP 202,730 199,294
    46625HJE1 JPMORGAN CHASE & CO 201,936 208,654
    89114QBG2 TORONTO-DOMINION BAN 202,739 200,022
    166764AB6 CHEVRON CORP 2.355% 204,054 205,828
    438516BW5 HONEYWELL INTERNATIO 205,042 211,672
    42824CBK4 HP ENTERPRISE CO 206,371 199,926
    9128283P3 US TREASURY NOTE 426,161 451,363
    912828WE6 US TREASURY NOTE 2.7 395,375 425,936
    20030NBX8 COMCAST CORP 206,856 213,414
    68389XBA2 ORACLE CORP 2.800% 7 204,220 201,316
    136069TY7 CANADIAN IMPERIAL BA 203,244 205,390
    14913R2K2 CATERPILLAR FINL SER 197,428 196,566
    912828V23 US TREASURY NOTE 386,285 421,312
    0641593U8 BANK OF NOVA SCOTIA 196,998 196,946
    89236TFN0 TOYOTA MOTOR CREDIT 152,327 160,704
    037833AR1 APPLE INC 2.850% 5/0 206,250 200,458
    00287YAQ2 ABBVIE INC 222,498 217,890
    808513BF1 CHARLES SCHWAB CORP 201,550 197,738
    06051GFW4 BANK OF AMERICA CORP 100,554 100,093
    9128283U2 US TREASURY NOTE 287,071 301,748
    026874DQ7 AMERICAN INTL GROUP 214,424 209,764
    06366RJJ5 BANK OF MONTREAL 2.5 200,776 206,428
    00724PAB5 ADOBE INC 205,056 206,700
    459200HG9 IBM CORP 1.875% 8/01 198,962 204,432
    713448CX4 PEPSICO INC 205,582 206,400
    06406HCX5 BANK OF NEW YORK MEL 206,906 217,158
    9128282N9 US TREASURY NOTE 2.1 307,824 316,569

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    WILLIAM A BADGER FOUNDATION
    EIN:
    74-6087935
    Name of Stock End of Year Book Value End of Year Fair Market Value
    437076102 HOME DEPOT INC 72,218 341,880
    81762P102 SERVICENOW INC 290,751 447,598
    518439104 ESTEE LAUDER COMPANI 135,704 520,622
    G1151C101 ACCENTURE PLC 176,371 616,590
    02079K107 ALPHABET INC CL C 373,551 1,872,110
    90384S303 ULTA BEAUTY INC 247,246 344,725
    278865100 ECOLAB INC 59,497 264,376
    98936J101 ZENDESK INC 260,279 393,484
    169656105 CHIPOTLE MEXICAN GRI 147,595 301,214
    87918A105 TELADOC HEALTH INC 418,832 346,234
    252131107 DEXCOM INC 288,767 557,055
    896239100 TRIMBLE INC 254,865 459,894
    45866F104 INTERCONTINENTAL EXC 143,579 481,899
    983793100 XPO LOGISTICS INC 207,341 417,371
    023135106 AMAZON COM INC COM 122,015 1,961,647
    617446448 MORGAN STANLEY 434,526 662,440
    69354M108 PRA HEALTH SCIENCES 258,515 427,944
    532457108 ELI LILLY & CO COM 526,331 573,537
    550021109 LULULEMON ATHLETICA 180,702 308,244
    79466L302 SALESFORCE COM INC 227,520 762,944
    11135F101 BROADCOM INC 335,257 734,901
    594918104 MICROSOFT CORP 354,819 2,197,141
    339041105 FLEETCOR TECHNOLOGIE 469,132 506,636
    73278L105 POOL CORPORATION 260,426 523,039
    78409V104 S&P GLOBAL INC 143,666 500,723
    101137107 BOSTON SCIENTIFIC CO 265,723 499,745
    92532F100 VERTEX PHARMACEUTICA 247,901 323,409
    64110L106 NETFLIX INC 168,122 446,019
    67066G104 NVIDIA CORP 210,834 726,145
    00507V109 ACTIVISION BLIZZARD 152,033 299,460
    235851102 DANAHER CORP 81,874 496,752
    040413106 ARISTA NETWORKS INC 415,488 550,949
    31620M106 FIDELITY NATL INFORM 277,579 543,879
    037833100 APPLE INC 68,714 2,321,705
    G66721104 NORWEGIAN CRUISE LIN 183,321 236,032
    92826C839 VISA INC-CLASS A SHR 185,430 806,691
    15135B101 CENTENE CORP DEL 310,890 463,667
    892356106 TRACTOR SUPPLY CO CO 63,498 529,469
    21036P108 CONSTELLATION BRANDS 197,121 380,532
    13645T100 CANADIAN PAC RY LTD 276,129 491,181
    34964C106 FORTUNE BRANDS HOME 247,656 524,135
    893641100 TRANSDIGM GROUP INC 196,308 399,786
    016255101 ALIGN TECHNOLOGY INC 123,640 479,254
    697435105 PALO ALTO NETWORKS I 270,886 531,399
    30303M102 FACEBOOK INC 229,724 1,375,750
    09857L108 BOOKING HOLDINGS INC 173,825 538,193

    TY 2020 InvestmentsOtherSchedule2
    Name:
    WILLIAM A BADGER FOUNDATION
    EIN:
    74-6087935
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    101137107 BOSTON SCIENTIFIC CO      
    278865100 ECOLAB INC      
    437076102 HOME DEPOT INC      
    981558109 WORLDPAY INC      
    21036P108 CONSTELLATION BRANDS      
    11135F101 BROADCOM INC      
    464287804 ISHARES CORE S&P SMA AT COST 1,219,692 4,348,689
    464287507 ISHARES CORE S&P MID AT COST 1,555,909 6,126,991
    63872T885 ALPHA SIMPLX GLOBAL AT COST 323,623 350,482
    596278101 MIDDLEBY CORP      
    79466L302 SALESFORCE COM INC      
    00203H859 AQR MANAGED FUTURES AT COST 500,000 384,141
    3136AHUR9 FED NATL MTG ASSN 2.      
    89114QBG2 TORONTO-DOMINION BAN      
    31417YK89 FNMA POOL MA0318 4.5 AT COST 10,148 10,294
    459200HG9 IBM CORP 1.875% 8/01      
    377372AH0 GLAXOSMITHKLINE CAP      
    235851102 DANAHER CORP      
    594918104 MICROSOFT CORP      
    617446448 MORGAN STANLEY      
    016255101 ALIGN TECHNOLOGY INC      
    87234N765 TCW EMRG MKTS INCM-I AT COST 700,000 694,783
    90385D107 ULTIMATE SOFTWARE GR      
    34959J108 FORTIVE CORP      
    252131107 DEXCOM INC      
    09186L100 BLACK CREEK DIVERSIF AT COST 429,218 465,462
    46434G103 ISHARES CORE MSCI EM AT COST 1,796,554 2,374,884
    90384S303 ULTA BEAUTY INC      
    00507V109 ACTIVISION BLIZZARD      
    040413106 ARISTA NETWORKS INC      
    46090F100 INVESCO OPTIMUM YIEL AT COST 1,710,603 2,521,481
    464287465 ISHARES MSCI EAFE ET AT COST 2,776,588 3,035,103
    31641Q755 FIDELITY NEW MRKTS I AT COST 1,971,567 1,727,969
    922908553 VANGUARD REAL ESTATE      
    9128284A5 US TREASURY NOTE      
    482480AC4 KLA-TENCOR CORP 3.37      
    147033BN3 CARY ILL 4.550% 11/0      
    91159HHL7 US BANCORP      
    912828T67 US TREASURY NOTE 1.2      
    149123BX8 CATERPILLAR INC 2.60      
    747525AD5 QUALCOMM INC      
    59156RAX6 METLIFE INC 4.750% 2      
    912828V23 US TREASURY NOTE      
    912828XR6 US TREASURY NOTE      
    14041NFQ9 CAPITAL ONE MULTI-AS AT COST 244,219 257,423
    518439104 ESTEE LAUDER COMPANI      
    92532F100 VERTEX PHARMACEUTICA      
    015351109 ALEXION PHARMACEUTIC      
    64128R608 NEUBERGER BERMAN LON AT COST 750,000 1,013,253
    02665WCA7 AMERICAN HONDA FINAN      
    68389XBA2 ORACLE CORP 2.800% 7      
    3135G0H55 FED NATL MTG ASSN      
    45866F104 INTERCONTINENTAL EXC      
    9128283U2 US TREASURY NOTE      
    026874CZ8 AMERICAN INTL GROUP      
    67066G104 NVIDIA CORP      
    589509207 MERGER FUND-INST #30 AT COST 323,623 364,414
    09857L108 BOOKING HOLDINGS INC      
    09260C703 BLACKROCK GL L/S CRE AT COST 862,994 869,045
    02079K107 ALPHABET INC CL C      
    78409V104 S&P GLOBAL INC      
    20605P101 CONCHO RESOURCES INC      
    037833AR1 APPLE INC 2.850% 5/0      
    89153VAM1 TOTAL CAPITAL INTL 2      
    89236TFN0 TOYOTA MOTOR CREDIT      
    166764AB6 CHEVRON CORP 2.355%      
    097023105 BOEING CO      
    191216100 COCA COLA CO      
    G50871105 JAZZ PHARMACEUTICALS      
    30303M102 FACEBOOK INC      
    697435105 PALO ALTO NETWORKS I      
    G66721104 NORWEGIAN CRUISE LIN      
    693475AV7 PNC FINANCIAL SERVIC      
    92826CAC6 VISA INC      
    06366RJJ5 BANK OF MONTREAL 2.5      
    G0177J108 ALLERGAN PLC      
    64110L106 NETFLIX INC      
    GTY995004 GAI AGILITY INCOME F      
    4812C0803 JPMORGAN HIGH YIELD      
    34964C106 FORTUNE BRANDS HOME      
    444859BC5 HUMANA INC 2.625% 10      
    931142EG4 WALMART INC      
    912828H52 US TREASURY NOTE 1.2      
    914115E89 UNIV OF CENTRAL ARKA      
    G1151C101 ACCENTURE PLC      
    77958B402 T ROWE PRICE INST FL      
    03027X100 AMERICAN TOWER CORP AT COST 93,300 442,261
    17275RAP7 CISCO SYSTEMS INC 2.      
    91324PDJ8 UNITEDHEALTH GROUP      
    3130A7CV5 FED HOME LN BK      
    075887AW9 BECTON DICKINSON 3.2      
    46625HJE1 JPMORGAN CHASE & CO      
    3128MMQP1 FHLMC POOL #G18461 2 AT COST 59,777 59,906
    912828WE6 US TREASURY NOTE 2.7      
    892356106 TRACTOR SUPPLY CO CO      
    69354M108 PRA HEALTH SCIENCES      
    GRA994205 GRAHAM ALT INV FD II AT COST 1,653,980 1,661,415
    922042858 VANGUARD FTSE EMERGI      
    73278L105 POOL CORPORATION      
    78463X863 SPDR DJ WILSHIRE INT      
    92826C839 VISA INC-CLASS A SHR      
    15135B101 CENTENE CORP DEL      
    61174X109 MONSTER BEVERAGE COR      
    983793100 XPO LOGISTICS INC      
    893641100 TRANSDIGM GROUP INC      
    961214CS0 WESTPAC BANKING CORP      
    96950FAD6 WILLIAMS PARTNERS LP      
    912828U32 US TREASURY NOTE      
    023135106 AMAZON COM INC COM      
    037833100 APPLE INC      
    14040HBT1 CAPITAL ONE FINANCIA      
    713448CX4 PEPSICO INC      
    912828Z52 US TREASURY NOTE      
    GTY995331 AGILITY MULTI-ASSET AT COST 500,000 504,012
    06406HCX5 BANK OF NEW YORK MEL      
    9128283P3 US TREASURY NOTE      
    438516BW5 HONEYWELL INTERNATIO      
    4812C0126 JPMORGAN HIGH YIELD-      
    550021109 LULULEMON ATHLETICA      
    254683CM5 DISCOVER CARD EXECUT AT COST 255,957 256,020
    912828QN3 US TREASURY NOTE 3.1      
    13645T100 CANADIAN PAC RY LTD      
    31620M106 FIDELITY NATL INFORM      
    00724PAB5 ADOBE INC      
    06051GFW4 BANK OF AMERICA CORP      
    20030NBX8 COMCAST CORP      
    78013XZU5 ROYAL BANK OF CANADA      
    169656105 CHIPOTLE MEXICAN GRI      
    81762P102 SERVICENOW INC      
    136069TY7 CANADIAN IMPERIAL BA      
    606822BD5 MITSUBISHI UFJ FIN      
    57636QAN4 MASTERCARD INC      
    9128282N9 US TREASURY NOTE 2.1      
    74440Y884 PGIM HIGH YIELD-Q 10 AT COST 1,500,000 1,617,417
    19248X604 COHEN & STEERS PR SE AT COST 1,000,000 1,065,217

    TY 2020 OtherDecreasesSchedule
    Name:
    WILLIAM A BADGER FOUNDATION
    EIN:
    74-6087935
    Description Amount
    MUTUAL FUND TIMING ADJ 8,500
    PURCHASE OF ACCRUED INTEREST 172


    TY 2020 OtherExpensesSchedule
    Name:
    WILLIAM A BADGER FOUNDATION
    EIN:
    74-6087935
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT EXPENSES - ADR FEES 276 276   0


    TY 2020 OtherIncomeSchedule2
    Name:
    WILLIAM A BADGER FOUNDATION
    EIN:
    74-6087935
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 5,778 5,778  
    PARTNERSHIP INCOME 170,586 170,586  


    TY 2020 OtherIncreasesSchedule
    Name:
    WILLIAM A BADGER FOUNDATION
    EIN:
    74-6087935
    Description Amount
    COST BASIS ADJUSTMENT 4,259


    TY 2020 TaxesSchedule
    Name:
    WILLIAM A BADGER FOUNDATION
    EIN:
    74-6087935
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 10,260 10,260   0
    FEDERAL ESTIMATES - PRINCIPAL 13,100 0   0
    FOREIGN TAXES ON NONQUALIFIED 2,573 2,573   0