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
MARCH FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4709 TOWNES ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
EDINA, MN554241237
A Employer identification number

26-3296616
B Telephone number (see instructions)

(952) 929-0724
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$6,837,834J 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) 329,002
2 Check bullet.............
3 Interest on savings and temporary cash investments 1 1  
4 Dividends and interest from securities... 75,355 74,694  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 618,638
b Gross sales price for all assets on line 6a 6,961,243
7 Capital gain net income (from Part IV, line 2)... 618,638
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,022,996 693,333  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 15,000 0   15,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,900 1,950   1,950
c Other professional fees (attach schedule).... Click to see attachment 39,332 39,332   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,686 710   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 281 0   281
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 60,199 41,992   17,231
25 Contributions, gifts, grants paid....... 395,000 395,000
26 Total expenses and disbursements. Add lines 24 and 25 455,199 41,992   412,231
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 567,797
b Net investment income (if negative, enter -0-) 651,341
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 3,520 131,295 131,295
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   9,139    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,806,355 Click to see attachment5,712,851 6,575,558
c Investments—corporate bonds (attach schedule)....... 800,708 0 0
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 Click to see attachment129,404 130,981
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) 5,619,722 5,973,550 6,837,834
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 5,198,777 5,198,777
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 420,945 774,773
29 Total net assets or fund balances (see instructions)..... 5,619,722 5,973,550
30 Total liabilities and net assets/fund balances (see instructions). 5,619,722 5,973,550
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
5,619,722
2
Enter amount from Part I, line 27a .....................
2
567,797
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
661
4
Add lines 1, 2, and 3 ..........................
4
6,188,180
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
214,630
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,973,550
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(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 6,961,203   6,342,605 618,598
b 40     40
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       618,598
b       40
c
d
e
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 2 618,638
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 9,054
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 9,054
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 9,054
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 3,600
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 18,600
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 97
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 9,449
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet9,449 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
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)
    bulletMN
    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 ofbulletJOHN D MARCH Telephone no.bullet (952) 929-0724

    Located atbullet4709 TOWNES ROADMINNEAPOLISMN ZIP+4bullet55424
    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
    LISA M MAUER DIRECTOR
    10.00     		15,000 0 0
    7201 FRONTIER TRAIL
    CHANHASSEN,MN55317
    DANIEL C MAUER DIRECTOR
    1.00     		0 0 0
    7201 FRONTIER TRAIL
    CHANHASSEN,MN55317
    TIMOTHY S MARCH DIRECTOR
    1.00     		0 0 0
    420 PARKWAY DR
    WHEATON,IL60187
    JOHN B MARCH DIRECTOR
    1.00     		0 0 0
    6501 PARNELL AVENUE
    EDINA,MN55424
    MARY CHUNG MARCH DIRECTOR
    1.00     		0 0 0
    6501 PARNELL AVENUE
    EDINA,MN55424
    SARAH G MARCH DIRECTOR
    2.00     		0 0 0
    420 PARKWAY DR
    WHEATON,IL60187
    JOHN D MARCH PRESIDENT & TREASURER
    2.00     		0 0 0
    4709 TOWNES ROAD
    MINNEAPOLIS,MN55424
    SALLIE S MARCH SECRETARY
    1.00     		0 0 0
    4709 TOWNES ROAD
    MINNEAPOLIS,MN55424
    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.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,665,094
    b
    Average of monthly cash balances.......................
    1b
    439,130
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,104,224
    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
    6,104,224
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    91,563
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,012,661
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    300,633
    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
    300,633
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    9,054
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,054
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    291,579
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    291,579
    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
    291,579
    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
    412,231
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    412,231
    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
    412,231
    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 7 291,579
    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...... 48,155
    b From 2016...... 76,056
    c From 2017...... 83,351
    d From 2018...... 84,955
    e From 2019...... 99,581
    fTotal of lines 3a through e........ 392,098
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 412,231
    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..... 291,579
    e Remaining amount distributed out of corpus 120,652
    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 5 512,750
    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) ...     		48,155
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		464,595
    10 Analysis of line 9:
    a Excess from 2016.... 76,056
    b Excess from 2017.... 83,351
    c Excess from 2018.... 84,955
    d Excess from 2019.... 99,581
    e Excess from 2020.... 120,652
    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).)
    JOHN D MARCH
    SALLIE S MARCH
    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
    ACES
    1115 EAST HENNEPIN AVE
    MINNEAPOLIS,MN55414     		N/A PUBLIC CHARITY GENERAL SUPPORT 10,000
    ARRIVE MINISTRIES
    1515 E 66TH ST
    RICHFIELD,MN55423     		N/A PUBLIC CHARITY GENERAL SUPPORT 10,000
    BANYAN COMMUNITY
    2529 13TH AVE S
    MINNEAPOLIS,MN55404     		N/A PUBLIC CHARITY GENERAL SUPPORT 20,000
    UNITED WORLD MISSION
    PO BOX 602002
    CHARLOTTE,NC282602002     		N/A PUBLIC CHARITY GENERAL SUPPORT 20,000
    COMMUNITY BIBLE STUDY INTERNATIONAL
    23001 INDUSTRIAL BLVD
    ROGERS,MN55374     		N/A PUBLIC CHARITY GENERAL SUPPORT 15,000
    CONNECTED FAMILIES
    10800 OLD CTY ROAD 15 SUITE 100
    PLYMOUTH,MN55441     		N/A PUBLIC CHARITY GENERAL SUPPORT 10,000
    DWELLING PLACE
    940-44TH AVE NE UNIT 21307
    COLUMBIA HEIGHTS,MN55421     		N/A PUBLIC CHARITY GENERAL SUPPORT 20,000
    EASTSIDE LEARNING CENTER
    PO BOX 6703
    ST PAUL,MN55106     		N/A PUBLIC CHARITY GENERAL SUPPORT 15,000
    EMERGE MOTHER'S ACADEMY
    PO BOX 46226
    MINNEAPOLIS,MN55446     		N/A PUBLIC CHARITY GENERAL SUPPORT 10,000
    FEED MY STARVING CHILDREN
    401 93RD AVENUE NW
    COON RAPIDS,MN55433     		N/A PUBLIC CHARITY GENERAL SUPPORT 20,000
    GOOD IN THE HOOD
    7733 WEST RIVER ROAD
    MINNEAPOLIS,MN55444     		N/A PUBLIC CHARITY GENERAL SUPPORT 15,000
    GORDON CONWELL THEOLOGICAL SEMINARY
    130 ESSEX ST
    SOUTH HAMILTON,MA01982     		N/A PUBLIC CHARITY GENERAL SUPPORT 40,000
    HELP AT YOUR DOOR
    8441 WAYZATA BLVD SUITE 160
    GOLDEN VALLEY,MN55426     		N/A PUBLIC CHARITY GENERAL SUPPORT 10,000
    HOPE ACADEMY
    2300 CHICAGO AVE S
    MINNEAPOLIS,MN55404     		N/A PUBLIC CHARITY GENERAL SUPPORT 15,000
    INTERNATIONAL JUSTICE MISSION
    PO BOX 96961
    WASHINGTON,DC200906961     		N/A PUBLIC CHARITY GENERAL SUPPORT 15,000
    JUVENILE JUSTICE ADVOCATES INTERNATIONAL
    907 LOVELL AVE W
    ROSEVILLE,MN55113     		N/A PUBLIC CHARITY GENERAL SUPPORT 15,000
    LEADERSHIP TRANSFORMATIONS
    PO BOX 338
    LEXINGTON,MA02420     		N/A PUBLIC CHARITY GENERAL SUPPORT 20,000
    MN ADULT AND TEEN CHALLENGE
    740 EAST 24TH ST
    MINNEAPOLIS,MN55404     		N/A PUBLIC CHARITY GENERAL SUPPORT 5,000
    MOBILE HOPE
    7900 MAPLE HILL ROAD
    CORCORAN,MN55340     		N/A PUBLIC CHARITY GENERAL SUPPORT 10,000
    NAOMI'S HOUSE
    PO BOX 515
    WHEATON,IL60187     		N/A PUBLIC CHARITY GENERAL SUPPORT 10,000
    NORTHSIDE ACHIEVEMENT ZONE
    2123 W BROADWAY AVE 100
    MINNEAPOLIS,MN55411     		N/A PUBLIC CHARITY GENERAL SUPPORT 10,000
    OUTREACH COMMUNITY MINISTRIES
    373 S SCHMALE ROAD SUITE 102
    CAROL STREAM,IL60187     		N/A PUBLIC CHARITY GENERAL SUPPORT 20,000
    ONE VILLAGE PARTNERS
    715 FLORIDA AVE SOUTH SUITE 101
    MINNEAPOLIS,MN55426     		N/A PUBLIC CHARITY GENERAL SUPPORT 10,000
    PINKY SWEAR FOUNDATION
    5555 W 78TH ST SUITE E
    EDINA,MN55439     		N/A PUBLIC CHARITY GENERAL SUPPORT 10,000
    WAY TO GROW
    201 IRVING AVE N SUITE 100
    MINNEAPOLIS,MN55405     		N/A PUBLIC CHARITY GENERAL SUPPORT 20,000
    CARING NETWORK
    1200 ROOSEVELT ROAD SUITE 114
    GLEN ELLYN,IL60137     		N/A PC GENERAL SUPPORT 20,000
    Total .................................bullet 3a 395,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 1  
    4 Dividends and interest from securities....     14 75,355  
    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 ............     		    18 618,638  
    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).. 0 693,994 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    693,994
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    MARCH FAMILY FOUNDATION
     
    Employer identification number

    26-3296616
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    MARCH FAMILY FOUNDATION
          		Employer identification number
    26-3296616
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    JOHN D AND SALLIE MARCH
    4709 TOWNES ROAD
     
    MINNEAPOLIS, MN55425

    		$ 329,002


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    MARCH FAMILY FOUNDATION
          		Employer identification number

    26-3296616
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 1940 SHARES FISERV $ 185,736 2020-09-09
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 640 SHARES APPLE $ 70,694 2020-09-17
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 359 SHARES MICROSOFT $ 72,572 2020-09-17
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    MARCH FAMILY FOUNDATION
          		Employer identification number

    26-3296616
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    MARCH FAMILY FOUNDATION
    EIN:
    26-3296616
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREP FEES 3,900 1,950   1,950

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    MARCH FAMILY FOUNDATION
    EIN:
    26-3296616
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE PLC IRELAND CLASS SHS 36,752 42,838
    STERIS PLC REGISTERED SHS 38,111 45,869
    AT&T INC 20,170 19,327
    ABBOTT LABS 37,012 36,789
    AIR PRODS & CHEMS INC 42,795 40,437
    APPLE INC 78,490 105,090
    APTARGROUP INC 35,184 40,656
    ASSURANT INC COM 25,392 32,557
    AUTOMATIC DATA PROCESSING INC 36,105 45,107
    BECTON DICKINSON & CO 35,638 33,529
    BROADRIDGE FINL SOLUTIONS INC 29,090 34,164
    CASEYS GEN STORES INC 37,975 41,976
    COCA COLA COMPANY 22,721 26,817
    COMMERCE BANCSHARES INC 0 33,836
    COSTCO WHOLESALE CORP NEW 34,262 44,083
    DOLLAR GEN CORP NEW 36,740 37,854
    EXXON MOBIL CORP 13,964 13,397
    FIDELITY NATL INFORMATION SVCS INC 31,367 34,233
    GALLAGHER ARTHUR J & CO 40,270 47,628
    GILEAD SCIENCES INC 28,502 21,614
    GLACIER BANCORP INC NEW 22,266 29,860
    HENRY JACK & ASSOC INC 38,477 34,019
    HOME DEPOT INC 18,966 40,905
    ILLINOIS TOOL WORKS INC 35,275 39,757
    INTERNATIONAL BUSINESS MACHS CORP 27,157 26,938
    INTUIT INCORPORATED 36,274 43,683
    JOHNSON & JOHNSON 28,785 32,578
    KIMBERLY CLARK CORP 35,998 32,899
    MASTERCARD INC CL A 41,597 47,116
    MCCORMICK & CO INC 38,310 38,049
    MCDONALDS CORP 35,721 39,483
    MERCK & CO INC NEW 29,199 30,102
    NASDAQ INC 39,310 39,822
    NEXTERA ENERGY INC 36,917 43,204
    PROSPERITY BANCSHARES INC 21,231 26,842
    QUALCOMM INC 35,863 59,717
    REPUBLIC SVCS INC 40,278 45,165
    SHERWIN WILLIAMS CO 32,092 38,215
    SNAP ON INC 22,744 28,067
    STRYKER CORP 34,565 44,352
    TRACTOR SUPPLY CO 35,073 34,020
    UNION PAC CORP 36,788 42,893
    V F CORP 18,158 26,306
    VERIZON COMMUNICATIONS INC 28,956 32,136
    WEC ENERGY GROUP INC 32,035 32,579
    WATSCO INC CL A 38,887 44,177
    XCEL ENERGY INC 35,752 35,602
    AMERICAN TOWER CORP NEW 46,392 40,179
    REALTY INCOME CORP 27,406 29,157
    SPDR SER TR S&P 600 SMALL CAP VALUE ETF 213,037 240,667
    SELECT SECTOR SPDR TR CONSUMER DISCRETIONARY 65,219 76,692
    SELECT SECTOR SPDR TR REAL ESTATE SELECT SECTOR SPDR FD 65,271 66,064
    VANGUARD INTL FD FTSE DEVELOPED MKTS ETF 232,259 270,419
    VANGUARD WORLD FDS VANGUARD FINLS ETF 131,557 161,800
    VANGUARD INDEX FDS VANGUARD MID-CAP ETF 326,998 393,483
    INVESCO EXCHANGE-TRADED FD TR S&P MIDCAP MOMENTUM ETF 163,430 204,285
    INVESCO EXCHANGE-TRADED FD TR DWA CONSUMER STAPLES MOMENTUM ETF 65,396 80,229
    ISHARES TR IBOXX USD INVT GRADE CORP BD ETF 129,696 132,329
    ISHARES TR EXPANDED TECH-SOFTWARE SECTOR ETF 129,071 154,388
    ISHARES TR MSCI EAFE SMALL CAP ETF 166,105 201,701
    ISHARES TR MORNINGSTAR SMALL-CAP GROWTH ETF 165,786 216,395
    ISHARES TR DOW JONES US MEDICAL DEVICES INDEX 129,721 151,540
    FIRST TR VALUE LINE DIVID INDEX FD SHS 554,407 616,951
    FIRST TR EXCHANGE TRADED FD IV FIRST TR ENHANCED SHORT MATURITY ETF NEW 48,513 48,512
    INVESCO QQQ TR UNIT SER 1 549,316 656,344
    IHS MARKIT LTD SHS 22,667 22,008
    LINDE PLC SH 11,220 11,858
    GLOBANT S A COM 30,578 36,776
    ALPHABET INC CAP STK CL C 7,226 10,511
    ALPHABET INC CL A 10,874 10,516
    AMAZON.COM INC 21,566 35,826
    AMEDISYS INC 22,981 25,813
    ANALOG DEVICES INC 22,853 23,194
    ANSYS INC 23,439 25,102
    BLACKLINE INC 26,733 28,410
    CHEMED CORP NEW 18,468 20,239
    COSTAR GROUP INC 42,020 44,366
    DANAHER CORP 25,029 24,880
    ECOLAB INC 25,544 24,665
    FASTENAL CO 26,392 26,271
    FIVE BELOW INC 23,956 25,372
    GENTEX CORP 12,517 12,622
    GRAND CANYON ED INC 18,443 19,553
    GUIDEWIRE SOFTWARE INC 12,760 13,002
    HEALTHCARE SVCS GROUP INC 13,099 15,286
    HEICO CORP NEW 28,533 28,598
    HENRY JACK & ASSOC INC 13,958 14,093
    IAC/INTERACTIVE CORP NEW 15,265 20,260
    IDEXX LABS INC 21,227 22,994
    MICROSOFT CORP 29,141 49,377
    NATIONAL INSTRS CORP 11,807 13,138
    NEOGEN CORP 7,296 7,375
    NETFLIX INC 13,795 14,600
    NVIDIA CORP 19,300 18,799
    PAYCOM SOFTWARE INC 36,627 37,537
    PLURALSIGHT INC CL A 6,245 7,252
    PROTO LABS INC 21,092 21,936
    RITCHIE BROS AUCTIONEERS INC 32,535 31,437
    ROCHE HLDGS LTD SPONSORED 9,567 9,776
    ROLLINS INC 25,179 26,177
    SALESFORCE.COM INC 29,392 28,706
    SERVICENOW INC 21,151 21,467
    SMITH A O CORP 7,139 7,017
    STARBUCKS CORP 24,256 25,675
    TELADOC HEALTH INC 19,188 19,396
    2U INC 5,480 6,722
    TYLER TECHNOLOGIES INC 37,500 36,668
    UNITEDHEALTH GROUP INC 14,772 19,638
    VEEVA SYS INC CL A 30,901 31,309
    VERISK ANALYTICS INC 25,733 27,402
    VISA INC COM CL A 14,010 16,186
    WEST PHARMACEUTICAL SVCS INC 26,603 28,331

    TY 2020 InvestmentsOtherSchedule2
    Name:
    MARCH FAMILY FOUNDATION
    EIN:
    26-3296616
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PIMCO ETF TR ACTIVE BD ETF AT COST 129,404 130,981

    TY 2020 OtherDecreasesSchedule
    Name:
    MARCH FAMILY FOUNDATION
    EIN:
    26-3296616
    Description Amount
    COST BASIS ADJUSTMENT- DONATED STOCK 214,630


    TY 2020 OtherExpensesSchedule
    Name:
    MARCH FAMILY FOUNDATION
    EIN:
    26-3296616
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SUPPLIES 281 0   281


    TY 2020 OtherIncreasesSchedule
    Name:
    MARCH FAMILY FOUNDATION
    EIN:
    26-3296616
    Description Amount
    TIMING ADJUSTMENTS TO NET ASSETS 661


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    MARCH FAMILY FOUNDATION
    EIN:
    26-3296616
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 39,332 39,332   0


    TY 2020 TaxesSchedule
    Name:
    MARCH FAMILY FOUNDATION
    EIN:
    26-3296616
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 710 710   0
    FEDERAL EXCISE TAX 976 0   0