Form990-PF
Click to see attachment

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
THE BERNER CHARITABLE AND SCHOLARSHIP
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 711
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LA GRANGE, IL60525
A Employer identification number

36-3923844
B Telephone number (see instructions)

(312) 782-5885
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$5,879,046J 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 10 10  
4 Dividends and interest from securities... 113,391 113,391  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -115,679
b Gross sales price for all assets on line 6a 990,668
7 Capital gain net income (from Part IV, line 2)... 0
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)....... Click to see attachment 110 110  
12 Total. Add lines 1 through 11........ -2,168 113,511  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 116,600 93,280   23,320
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 7,004 5,604   1,400
b Accounting fees (attach schedule)....... Click to see attachment 16,500 13,200   3,300
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 55 40   15
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 19,561 15,649   3,912
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 34,704 34,368   336
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 194,424 162,141   32,283
25 Contributions, gifts, grants paid....... 244,248 244,248
26 Total expenses and disbursements. Add lines 24 and 25 438,672 162,141   276,531
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -440,840
b Net investment income (if negative, enter -0-) 0
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......... 77,445 89,559 89,559
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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) 0 Click to see attachment49,945 49,995
b Investments—corporate stock (attach schedule)....... 3,642,828 Click to see attachment3,233,386 5,418,748
c Investments—corporate bonds (attach schedule)....... 343,923 Click to see attachment271,996 295,485
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet5,880
Less: accumulated depreciation (attach schedule) bullet5,880      
15 Other assets (describe bullet) Click to see attachment46,790 Click to see attachment25,259 Click to see attachment25,259
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,110,986 3,670,145 5,879,046
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) Click to see attachment15 Click to see attachment15
23 Total liabilities (add lines 17 through 22)......... 15 15
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........ 4,110,971 3,670,130
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 4,110,971 3,670,130
30 Total liabilities and net assets/fund balances (see instructions). 4,110,986 3,670,145
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
4,110,971
2
Enter amount from Part I, line 27a .....................
2
-440,840
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,670,131
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,670,130
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 CAPITAL GAINS DISTRIBUTION - RAYMOND JAMES BROKERAGE P    
b 100 SH ALIBABA GROUP HLDG LIMITED SPONS. ADR P 2020-11-20 2020-12-31
c 1000 SH LUMEN TECHNOLOGIES (CENTURY LINK INC). P 2019-04-09 2020-01-17
d 4000 SH BGC PARTNERS INC. CL A P 2019-12-24 2020-10-14
e 2000 SH LUMEN TECHNOLOGIES (CENTURYLINK INC.) P 2017-05-08 2020-01-17
1000 SH MYLAN NV P 2017-08-16 2020-11-17
1000 SH VERIZON COMMUNICATIONS INC. P 2014-05-06 2020-08-07
2000 SH FREEPORT MCMORAN COPPER & GOLD CL B P 2013-05-01 2020-08-10
1000 SH FREEPORT MCMORAN COPPER & GOLD CL B P 2013-04-09 2020-08-10
1000 SH FREEPORT MCMORAN COPPER & GOLD CL B P 2012-12-27 2020-08-10
1000 SH FREEPORT MCMORAN COPPER & GOLD CL B P 2012-04-05 2020-08-20
1000 SH FREEPORT MCMORAN COPPER & GOLD CL B P 2011-02-23 2020-08-20
480 SH DELTA AIRLINES INC. P 2019-10-02 2020-04-06
85 SH FEDEX CORP P 2019-04-05 2020-02-27
90 SH FEDEX CORP P 2019-04-05 2020-03-06
415 SH GILDAN ACTIVEWEAR INC. P 2019-10-18 2020-09-22
40 SH MOHAWK INDUSTRIES INC. P 2019-05-09 2020-04-02
70 SH PHILIP MORRIS INT'L INC. P 2019-12-18 2020-07-28
620 SH PROSUS NV ADR P 2019-09-19 2020-03-09
375 SH QUANTA SVCS INC. P 2019-06-03 2020-03-23
425 SH TENCENT HLDGS LTD ADR P 2019-11-05 2020-03-06
$15,000 VERIZON COMMUNICATIONS NTS 4.25% P 2019-11-18 2020-05-11
315 SH VIACOMCBS INC. CL B P 2019-11-15 2020-07-28
50 SH AMERCO COMMON P 2016-09-16 2020-06-15
37 SH AMERCO COMMON P 2016-10-04 2020-08-04
155 SH ANALOG DEVICES INC. P 2018-02-07 2020-03-23
110 SH ANALOG DEVICES INC. P 2018-02-07 2020-04-14
130 SH APPLE INC. P 2013-10-24 2020-01-03
40 SH APPLE INC. P 2014-01-28 2020-05-26
35 SH APPLE INC. P 2014-01-28 2020-06-24
10 SH APPLE INC. P 2014-01-28 2020-07-28
498 SH BANK OF AMERICA CORP. P 2016-01-15 2020-03-06
50 SH BERKSHIRE HATHAWAY INC. CL B P 2014-03-05 2020-03-16
30 SH BERKSHIRE HATHAWAY INC. CL B P 2014-03-05 2020-03-17
20 SH BERKSHIRE HATHAWAY INC. P 2014-03-05 2020-03-23
40 SH BERKSHIRE HATHAWAY INC. CL B P 2014-03-05 2020-09-21
40 SH BOEING CO P 2014-10-24 2020-03-25
43 SH BOEING CO. P 2014-10-24 2020-04-06
9 SH BOOKING HLDGS INC. P 2019-03-01 2020-09-08
170 SH CBRE GROUP INC. CL A P 2016-01-15 2020-03-06
250 SH CBRE GROUP INC. CL A P 2016-01-15 2020-12-03
240 SH CARMAX INC. P 2018-03-28 2020-02-07
110 SH CARMAX INC. P 2015-12-18 2020-03-26
90 SH CARMAX INC. P 2016-01-07 2020-05-26
130 SH CARMAX INC. P 2016-01-07 2020-09-08
95 SH CITIGROUP INC. P 2014-07-16 2020-03-06
400 SH COVETRUS INC. P 2019-08-13 2020-12-21
300 SH EXPEDIA GROUP INC. P 2018-04-19 2020-04-24
75 SH GOLDMAN SACHS GROUP INC. P 2018-12-31 2020-03-06
29 SH GOLDMAN SACHS GROUP INC. P 2018-12-31 2020-03-17
41 SH GOLDMAN SACHS GROUP INC. P 2018-12-31 2020-03-23
$20,000 HALLIBURTON CO 3.5% SR NT P 2015-06-19 2020-05-07
$5,000 MACY'S RETAIL HLDGS INC. 3.625% SR NT P 2017-08-10 2020-12-10
140 SH MOHAWK INDUSTRIES INC. P 2018-10-05 2020-04-02
60 SH MULTICHOICE GROUP LIMITED ADR P 2019-02-28 2020-03-13
325 SH PPG INDS INC. P 2017-08-21 2020-03-17
285 SH QUANTA SVCS INC. P 2015-08-12 2020-09-23
145 SH QUANTA SVCS INC. P 2015-10-29 2020-10-12
155 SH QUANTA SVCS INC. P 2015-10-29 2020-12-03
70 SH ROBERT HALF INTL INC P 2016-05-16 2020-11-13
800 SH US FOODS HLDG CORP P 2018-10-16 2020-01-17
5 SH US FOODS HLDG CORP P 2018-10-16 2020-01-22
495 SH VIACOMCBS INC CL B P 2016-08-04 2020-09-08
540 SH VIACOMCBS INC CL B P 2014-11-12 2020-12-01
275 SH VIACOMCBS INC CL B P 2014-11-12 2020-12-14
$20,000 WALGREEN CO NT 3.10% P 2016-11-30 2020-07-28
$30,000 BANK AMER CORP MEDIUM TERM SR NTS P 2017-10-12 2020-11-04
415 SH BLACKSTONE GROUP INC. COM CL A P 2017-10-30 2020-03-06
$20,000 CISCO SYS INC FIXED RT SR NT 4.450% P 2013-11-05 2020-11-15
$15,000 COCA COLA CO SR FICES RT NT 3.150% P 2013-11-13 2020-11-16
GNMA II GTD MTG PASS THRU - RTN OF PRINCIPAL P    
$20,000 GAP INC FIXED RT NT 5.950% P 2013-11-12 2020-06-18
(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 1,369     1,369
b 23,253   26,487 -3,234
c 13,945   12,359 1,586
d 10,720   23,220 -12,500
e 27,889   50,221 -22,332
15,755   30,883 -15,128
58,099   52,578 5,521
28,200   60,230 -32,030
14,100   32,154 -18,054
14,100   34,011 -19,911
14,100   38,334 -24,234
14,100   52,136 -38,036
17,546   36,033 -18,487
12,284   16,145 -3,861
11,484   17,095 -5,611
8,232   11,116 -2,884
2,580   5,325 -2,745
5,457   5,990 -533
8,330   9,911 -1,581
9,040   13,238 -4,198
21,224   18,064 3,160
16,976   16,597 379
7,799   10,410 -2,611
15,503   16,423 -920
11,953   11,699 254
12,958   13,471 -513
11,192   9,492 1,700
38,825   9,711 29,114
12,778   2,910 9,868
12,668   2,546 10,122
3,719   728 2,991
12,939   6,952 5,987
9,052   5,934 3,118
5,460   3,560 1,900
3,195   2,374 821
8,354   4,747 3,607
6,698   4,874 1,824
5,761   5,239 522
17,213   15,318 1,895
9,148   4,920 4,228
15,838   7,621 8,217
23,206   14,163 9,043
7,306   5,427 1,879
7,670   4,249 3,421
13,718   6,137 7,581
5,830   4,805 1,025
11,771   5,458 6,313
20,923   33,927 -13,004
14,452   12,432 2,020
4,670   4,807 -137
5,563   6,796 -1,233
19,942   20,543 -601
4,750   4,761 -11
9,029   19,707 -10,678
266   397 -131
26,706   33,300 -6,594
14,871   7,466 7,405
8,890   2,910 5,980
10,650   3,110 7,540
4,393   2,767 1,626
33,456   23,258 10,198
197   145 52
14,235   28,063 -13,828
19,650   27,774 -8,124
9,565   12,746 -3,181
20,917   20,045 872
30,000   28,957 1,043
22,233   13,277 8,956
20,000   21,259 -1,259
15,000   15,253 -253
66   66 0
20,907   21,286 -379
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       1,369
b       -3,234
c       1,586
d       -12,500
e       -22,332
      -15,128
      5,521
      -32,030
      -18,054
      -19,911
      -24,234
      -38,036
      -18,487
      -3,861
      -5,611
      -2,884
      -2,745
      -533
      -1,581
      -4,198
      3,160
      379
      -2,611
      -920
      254
      -513
      1,700
      29,114
      9,868
      10,122
      2,991
      5,987
      3,118
      1,900
      821
      3,607
      1,824
      522
      1,895
      4,228
      8,217
      9,043
      1,879
      3,421
      7,581
      1,025
      6,313
      -13,004
      2,020
      -137
      -1,233
      -601
      -11
      -10,678
      -131
      -6,594
      7,405
      5,980
      7,540
      1,626
      10,198
      52
      -13,828
      -8,124
      -3,181
      872
      1,043
      8,956
      -1,259
      -253
      0
      -379
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 -115,679
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 0
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 0
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 0
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 0
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
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)
    bulletIL
    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 ofbulletLINDA M NEYLON Telephone no.bullet (312) 782-5885

    Located atbulletPO BOX 711LA GRANGEIL ZIP+4bullet60525
    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
     
    No
    .........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
    RUBEN R VERNOF TRUSTEE
    10.00     		89,100 0 0
    PO BOX 711
    LA GRANGE,IL60525
    LINDA M NEYLON TRUSTEE
    2.00     		27,500 0 0
    PO BOX 711
    LA GRANGE,IL60525
    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
    5,042,933
    b
    Average of monthly cash balances.......................
    1b
    142,858
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,185,791
    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
    5,185,791
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    77,787
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,108,004
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    255,400
    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
    255,400
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    0
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    255,400
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    429,441
    5
    Add lines 3 and 4............................
    5
    684,841
    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
    684,841
    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
    276,531
    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
    276,531
    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
    276,531
    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 7 684,841
    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...... 121,604
    b From 2016...... 266,472
    c From 2017...... 52,019
    d From 2018...... 41,943
    e From 2019......  
    fTotal of lines 3a through e........ 482,038
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 276,531
    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..... 276,531
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 408,310 408,310
    (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 73,728
    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 ......     		73,728
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 31,785
    c Excess from 2018.... 41,943
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    LINDA M NEYLON
    PO BOX 711
    LA GRANGE,IL60525
    (312) 782-5885
    bThe form in which applications should be submitted and information and materials they should include:
    LINDA M. NEYLON, CO-TRUSTEE. SEE GENERAL EXPLANATION ATTACHED.
    cAny submission deadlines:
    NONE. SEE GENERAL EXPLANATION ATTACHED FOR DETAILS.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE. SEE GENERAL EXPLANATION ATTACHED FOR DETAILS.
    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
    ADAMS HOPE
    COLUMBUS STATE UNIVERSITY
    COLUMBUS,GA31907     		NONE N/A SCHOLARSHIP AWARD 5,000
    ADAMSON COLTON
    KENNESAW STATE UNIVERSITY
    KENNESAW,GA30144     		NONE N/A SCHOLARSHIP AWARD 10,000
    BEALL CAROLINE
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		NONE N/A SCHOLARSHIP AWARD 10,000
    BENTLEY MIKHAYLA
    AUBURN UNIVERSITY
    AUBURN,AL36849     		NONE N/A SCHOLARSHIP AWARD 10,000
    BROWN THOMAS
    GEORGIA SOUTHWESTERN STATE
    UNIVERSITY
    AMERICUS,GA31709     		NONE N/A SCHOLARSHIP AWARD 5,000
    CAIN EMILY
    UNIVERSITY OF NORTH GEORGIA
    DAHLONEGA,GA30597     		NONE N/A SCHOLARSHIP AWARD 10,000
    CARTWRIGHT CHRISTIAN
    UNIVERSITY OF WEST GEORGIA
    CARROLLTON,GA30118     		NONE N/A SCHOLARSHIP AWARD 10,000
    CASEY AMY
    BIRMINGHAM SOUTHERN COLLEGE
    BIRMINGHAM,AL35254     		NONE N/A SCHOLARSHIP AWARD 10,000
    CASEY JACOB
    BIRMINGHAM SOUTHERN COLLEGE
    BIRMINGHAM,AL35254     		NONE N/A SCHOLARSHIP AWARD 5,000
    CHESTER JACOB
    SOUTHERN GEORGIA TECH COLLEGE
    AMERICUS,GA31709     		NONE N/A SCHOLARSHIP AWARD 5,800
    CHESTER JOEL
    SOUTHERN GEORGIA TECH COLLEGE
    AMERICUS,GA31709     		NONE N/A SCHOLARSHIP AWARD 5,600
    CHICAGO LIGHTHOUSE FOR THE BLIND
    1850 W ROOSEVELT ROAD
    CHICAGO,IL606089927     		NONE PUBLIC CHARITY SERVICES TO BLIND AND VISUALLY IMPAIRED 15,000
    DACOSTA KATIA
    AUBURN UNIVERSITY
    AUBURN,AL36849     		NONE N/A SCHOLARSHIP AWARD 10,000
    DAMPIER JENNA
    GEORGIA SW STATE UNIVERSITY
    AMERICUS,GA31709     		NONE N/A SCHOLARSHIP AWARD 15,000
    DANIEL CAYLEE
    GORDON STATE COLLEGE
    BARNESVILLE,GA30204     		NONE N/A SCHOLARSHIP AWARD 7,500
    DAVIDSON BLAKELEE
    AUBURN UNIVERSITY
    AUBURN,AL36849     		NONE N/A SCHOLARSHIP AWARD 5,000
    DAVIS WILLIAM
    KENNESAW STATE UNIVERSITY
    KENNESAW,GA30144     		NONE N/A SCHOLARSHIP AWARD 5,000
    DUFRESHE MEGAN
    GEORGIA TECH
    ATLANTA,GA30332     		NONE N/A SCHOLARSHIP AWARD 10,000
    DUHART LAUREN
    ABILENE CHRISTIAN UNIVERSITY
    ABILENE,TX79601     		NONE N/A SCHOLARSHIP AWARD 10,000
    ENDSLEY JORDAN
    TEXAS AM UNIVERSITY
    COLLEGE STATION,TX77843     		NONE N/A SCHOLARSHIP AWARD 5,000
    ENDSLEY JULIUS
    TEXAS AM UNIVERSITY
    COLLEGE STATION,TX77843     		NONE N/A SCHOLARSHIP AWARD 5,000
    EVANS HANNAH
    VALDOSTA STATE UNIVERSITY
    VALDOSTA,GA31698     		NONE N/A SCHOLARSHIP AWARD 10,000
    EVANS KINSEY
    COLUMBUS STATE UNIVERSITY
    COLUMBUS,GA31907     		NONE N/A SCHOLARSHIP AWARD 10,000
    FAITH SUMMER
    AUBURN UNIVERSITY
    AUBURN,AL36849     		NONE N/A SCHOLARSHIP AWARD 10,000
    FEHLAND SARAH
    LIPSCOMB UNIVERSITY
    NASHVILLE,TN37204     		NONE N/A SCHOLARSHIP AWARD 10,000
    FLYNN KATELYN
    AUBURN UNIVERSITY
    AUBURN,AL36849     		NONE N/A SCHOLARSHIP AWARD 5,000
    FRANZMAN CARLIE
    GEORGIA COLLEGE AND STATE UNIVERSIT
    MILLEDGEVILLE,GA31061     		NONE N/A SCHOLARSHIP AWARD 5,000
    FREEMAN ZANE
    UNIVERSITY OF TEXAS AT AUSTIN
    AUSTIN,TX78712     		NONE N/A SCHOLARSHIP AWARD 10,000
    GEORGIA STATE UNIVERSITY FOUNDATION
    PO BOX 3963
    ATLANTA,GA30302     		NONE PRIVATE FOUNDATION SCHOLARSHIP FUND 36,844
    GREGG SARAH
    UNIVERSITY OF GEORGIA
    ATHENS,GA30602     		NONE N/A SCHOLARSHIP AWARD 5,000
    GRIFFIN KAITLYN
    ILLINOIS STATE UNIVERSITY
    NORMAL,IL61761     		NONE N/A SCHOLARSHIP AWARD 10,000
    HARRIS WILLIAM
    MIDDLE GEORGIA STATE UNIVERSITY
    MACON,GA31206     		NONE N/A SCHOLARSHIP AWARD 5,000
    HAUSMAN IVIE
    GORDON STATE COLLEGE
    BARNESVILLE,GA30204     		NONE N/A SCHOLARSHIP AWARD 10,000
    HILL LEAH
    SOUTHERN ILLINOIS UNIVERSITY
    CARBONDALE,IL62901     		NONE N/A SCHOLARSHIP AWARD 10,000
    JOHNSON MARY
    UNIVERSITY OF GEORGIA
    ATHENS,GA30602     		NONE N/A SCHOLARSHIP AWARD 10,000
    JONES HALEY
    AUBURN UNIVERSITY
    AUBURN,AL36849     		NONE N/A SCHOLARSHIP AWARD 5,000
    KELLY CAMDEN
    SW OKLAHOMA STATE UNIVERSITY
    WEATHERFORD,OK73096     		NONE N/A SCHOLARSHIP AWARD 10,000
    KESKE ELYSSE
    UNIVERSITY OF IOWA
    IOWA CITY,IA52242     		NONE N/A SCHOLARSHIP AWARD 5,000
    KINCER JACK
    UNIVERSITY OF IOWA
    IOWA CITY,IA52242     		NONE N/A SCHOLARSHIP AWARD 10,000
    LUDWIG MICHAELA
    AUBURN UNIVERSITY
    AUBURN,AL36849     		NONE N/A SCHOLARSHIP AWARD 10,000
    MCCARTNEY MADISON
    KENNESAW STATE COLLEGE
    KENNESAW,GA30144     		NONE N/A SCHOLARSHIP AWARD 10,000
    MCNULTY HALEY
    AUBURN UNIVERSITY
    AUBURN,AL36849     		NONE N/A SCHOLARSHIP AWARD 10,000
    MEDINA CONNOR
    OLIVET NAZARENE UNIVERSITY
    BOURBONNAIS,IL60914     		NONE N/A SCHOLARSHIP AWARD 8,900
    MOORE MIKAYLA
    UNIVERSITY OF TEXAS AT AUSTIN
    AUSTIN,TX78712     		NONE N/A SCHOLARSHIP AWARD 15,000
    MORELAND ZOLLIE
    GEORGIA COLLEGE AND STATE UNIVERSIT
    MILLEDGEVILLE,GA31061     		NONE N/A SCHOLARSHIP AWARD 15,000
    PEARSON BLAKE
    ABRAHAM BALDWIN AGRICULTURAL
    COLLEGE
    TIFTON,GA31793     		NONE N/A SCHOLARSHIP AWARD 10,000
    PENN HANNAH
    UNIVERSITY OF GEORGIA
    ATHENS,GA30602     		NONE N/A SCHOLARSHIP AWARD 5,000
    RUSSELL KAITLYN
    UNIVERSITY OF CHICAGO
    CHICAGO,IL60637     		NONE N/A SCHOLARSHIP AWARD 5,000
    SALERNO MATTHEW
    OHIO STATE UNIVERSITY
    COLUMBUS,OH43210     		NONE N/A SCHOLARSHIP AWARD 10,000
    SHERECK MARGARET
    SAINT MARYS COLLEGE
    NOTRE DAME,IN46556     		NONE N/A SCHOLARSHIP AWARD 10,000
    STINSON KAYLA
    KENNESAW STATE UNIVERSITY
    KENNESAW,GA30144     		NONE N/A SCHOLARSHIP AWARD 5,000
    SULLIVAN CALI
    UNIVERSITY OF NOTRE DAME
    NOTRE DAME,IN46556     		NONE N/A SCHOLARSHIP AWARD 5,000
    SULLIVAN MEGAN
    MIAMI UNIVERSITY
    OXFORD,OH45056     		NONE N/A SCHOLARSHIP AWARD 5,000
    SULLIVAN PATRICK
    UNIVERSITY OF ILLINOIS
    CHICAGO,IL60604     		NONE N/A SCHOLARSHIP AWARD 10,000
    TAYLOR DAWSON
    GORDON STATE COLLEGE
    BARNESVILLE,GA30204     		NONE N/A SCHOLARSHIP AWARD 3,285
    TERMINI SARAH
    DOMINICAN UNIVERSITY
    RIVER FOREST,IL60305     		NONE N/A SCHOLARSHIP AWARD 10,000
    TERMINI SEAN
    UNIVERSITY OF NEBRASKA - LINCOLN
    LINCOLN,NE68588     		NONE N/A SCHOLARSHIP AWARD 10,000
    VANCE ERICA
    UNIVERSITY OF WEST GEORGIA
    CARROLLTON,GA30118     		NONE N/A SCHOLARSHIP AWARD 5,000
    VEGA MIRANDA
    AUBURN UNIVERSITY
    AUBURN,AL36849     		NONE N/A SCHOLARSHIP AWARD 10,000
    VOSS TAYLOR
    AUBURN UNIVERSITY
    AUBURN,AL36849     		NONE N/A SCHOLARSHIP AWARD 5,000
    WALKER ORLANDO
    AUBURN UNIVERSITY
    AUBURN,AL36849     		NONE N/A SCHOLARSHIP AWARD 10,000
    WALLER LAINEY
    GEORGIA COLLEGE AND STATE UNIVERSIT
    MILLEDGEVILLE,GA31061     		NONE N/A SCHOLARSHIP AWARD 5,000
    WOOD ALEXANDER
    OHIO STATE UNIVERSITY
    COLUMBUS,OH43210     		NONE N/A SCHOLARSHIP AWARD 5,000
    WRIGHT ASHLEY
    UNIVERSITY OF ALABAMA AT BIRMINGHAN
    BIRMINGHAM,AL35294     		NONE N/A SCHOLARSHIP AWARD 10,000
    YARBROUGH CAMERON
    GOERGIA SOUTHERN UNIVERSITY
    STATESBORO,GA30458     		NONE N/A SCHOLARSHIP AWARD 15,000
    CALDWELL MARION
    MISSISSIPPI STATE UNIVERSITY
    MISSISSIPPI STATE,MS39762     		NONE N/A SCHOLARSHIP AWARD 10,000
    CARTWRIGHT CAROLINE
    UNIVERSITY OF WEST GEORGIA
    CARROLLTON,GA30118     		NONE N/A SCHOLARSHIP AWARD 10,000
    GRAY ZACHIA
    AUBURN UNIVERSITY
    AUBURN,AL36849     		NONE N/A SCHOLARSHIP AWARD 5,000
    HARDIGREE STEVIE
    UNIVERSITY OF GEORGIA
    ATHENS,GA30602     		NONE N/A SCHOLARSHIP AWARD 10,000
    JOHNSON STELLA
    UNIVERSITY OF GEORGIA
    ATHENS,GA30602     		NONE N/A SCHOLARSHIP AWARD 10,000
    JONES LEANNA
    UNIVERSITY OF WEST GEORGIA
    CARROLLTON,GA30118     		NONE N/A SCHOLARSHIP AWARD 10,000
    MARTIN GARRETT
    GEORGIA COLLEGE AND STATE UNIVERSIT
    MILLEDGEVILLE,GA31061     		NONE N/A SCHOLARSHIP AWARD 10,000
    PENN DOUGLAS
    UNIVERSITY OF GEORGIA
    ATHENS,GA30602     		NONE N/A SCHOLARSHIP AWARD 5,000
    PHILLIPS JONATHAN
    GEORGIA TECH
    ATLANTA,GA30332     		NONE N/A SCHOLARSHIP AWARD 5,000
    RAINEY WILLIAM
    GEORGIA TECH
    ATLANTA,GA30332     		NONE N/A SCHOLARSHIP AWARD 5,760
    SHERECK KATHLEEN
    SAINT MARYS COLLEGE
    NOTRE DAME,IN46556     		NONE N/A SCHOLARSHIP AWARD 5,000
    TAYLOR LIBERTY
    UNIVERSITY OF GEORGIA
    ATHENS,GA30602     		NONE N/A SCHOLARSHIP AWARD 10,000
    WASDEN GEORGIA
    UNIVERSITY OF MISSISSIPPI
    UNIVERSITY,MS38677     		NONE N/A SCHOLARSHIP AWARD 5,000
    Total .................................bullet 3a 673,689
    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 10  
    4 Dividends and interest from securities....     14 113,391  
    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.....     14 110  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    14 -115,679  
    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 -2,168 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -2,168
    (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:
    THE BERNER CHARITABLE AND SCHOLARSHIP
     
    FOUNDATION
    EIN:
    36-3923844
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    VERNOF, SCHWARTZ & CO., C.P.A.'S 16,500 13,200   3,300

    TY 2020 GeneralExplanationAttachment
    Name:
    THE BERNER CHARITABLE AND SCHOLARSHIP
     
    FOUNDATION
    EIN:
    36-3923844
    Identifier Return Reference Explanation
    APPLICATIN SUBMISSION FORM, DEADLINES AND ANY RESTRICTIONS OR LIMITATIONS. FORM 990-PF, PART XV, LINE 2(B), (C) AND (D) 1. THE SCHOLARSHIP SELECTION COMMITTEE CONSISTS OF RUBEN R. VERNOF, CO-TRUSTEE, JEFFREY TODD, ANGELO DE VIVO, JORDAN BERLIN, DAVID KLEINERMAN, MARTHA ANN TODD AND LINDA M. NEYLON, CO-TRUSTEE. A MAJORITY OF THE COMMITTEE SHALL ELECT THE PERSON OR PERSONS TO WHOM THE SCHOLARSHIPS ARE AWARDED.2. ONLY RESIDENTS OF THE UNITED STATES OF AMERICA ARE ELIGIBLE TO BE RECIPIENTS OF THESE SCHOLARSHIPS. ELIGIB LE STUDENTS ARE THOSE WHO ARE PLANNING TO ATTEND OR ARE ATTENDING ANY ACCREDITED UNITED STATES COLLEGE OR UNIVERSITY GRANTING ANY OF THE FOLLOWING DEGREES: BACHELORS, MASTERS, DOCTOR OF PHILOSOPHY, DOCTOR OF MEDICINE, DOCTOR OF DENTISTRY, DOCTOR OF LAWS, DOCTOR OF VETERINARY MEDICINE OR OTHER COMMONLY ACCEPTED ACCREDITED ADVANCED DEGREES.3. PERSONS OF BOTH SEXES AND ALL AGES, RACES AND RELIGIONS SHALL BE ELIGIBLE TO RECEIVE THESE SCHOLARSHIPS. SELECTION SHALL BE BASED ON SCHOLASTIC ACHIEVEMENT OR THE POTENTIAL TO MAKE SCHOLASTIC ACHIEVEMENTS, FINANCIAL NEED AND DEMONSTRATED QUALITY OF LEADERSHIP.4. THE NUMBER OF POTENTIAL RECIPIENTS WILL DEPEND ON THE AMOUNT OF AVAILABLE FUNDS, AND IT IS ANTICIPATED TO BE AT LEAST FOUR (4) PER YEAR.5. APPLICANTS MUST GRADUATE FROM HIGH SCHOOL WITH A "C" AVERAGE OR BETTER IF THE SCHOLARSHIP IS FOR AN UNDERGRADUATE DEGREE. IF THE STUDENT IS SEEKING A GRADUATE DEGREE, HE OR SHE MUST HAVE GRADUATED COLLEGE WITH A "C OR BETTER AVERAGE. APPLICANTS MUST ENROLL AS FULL-TIME STUDENTS AND CARRY A FULL-TIME COURSE LOAD.6. THE AVAILABILITY OF THE GRANT WILL BE PUBLICIZED THROUGH THE FINANCIAL AID OFFICES OF THE RESPECTIVE SCHOOLS.7. THE GRANT WILL BE PAID TO THE RECIPIENT, TO HIS OR HER FAMILY OR DIRECTLY TO THE COLLEGE OR UNIVERSITY FOR THE BENEFIT OF THE RECIPIENT.A) ARRANGEMENTS WILL BE MADE TO RECEIVE REPORTS OF COURSES TAKEN AND GRADES IN EACH ACADEMIC PERIOD.B) IN THE EVENT THAT A RECIPIENT SHALL FAIL TO MAINTAIN AN AVERAGE OF "C OR BETTER, SHOULD ABANDON COLLEGE OR UNIVERSITY ATTENDANCE, SHOULD DIE, OR SHOULD FAIL TO COMPLETE ONE ACADEMIC YEAR WITHIN TWELVE (12) MONTHS FROM THE BEGINNING OF THE SCHOLASTIC YEAR NEXT FOLLOWING HIS OR HER AWARD, THE SCHOLARSHIP SHALL BE TERMINATED IN THE DISCRETION OF THE SELECTION COMMITTEE AND THE UNUSED PORTION OF THE SCHOLARSHIP SHALL BE PROMPTLY REFUNDED TO THE TRUSTEE.C) THE SELECTION COMMITTEE SHALL SELECT ONE OR MORE ALTERNATES WHO SHALL BE THE RECIPIENTS OF THE SCHOLARSHIPS PREVIOUSLY AWARDED TO PERSONS WHO, PRIOR TO BEGINING SUCH ACADEMIC YEAR, FAIL TO ENTER HIS OR HER COLLEGE OR UNIVERSITY.8. NO GRANTS WILL BE AWARDED TO ANY DISQUALIFIED PERSON AS DESCRIBED IN SEC. 4946(A) OF THE INTERNAL REVENUE CODE.9. THE RECIPIENT WILL BE REQUIRED TO EXECUTE A PROMISSORY NOTE IN ACCORDANCE WITH THE TERMS OF THE TRUST DOCUMENT AND NO SECURITY WILL BE REQUIRED.10. THE PROCEDURES IN MAKING AND MANAGING THE LOAN PORTION OF THE SCHOLARSHIP GRANTS WILL NOT DIFFER IN ANY MATERIAL WAY FROM THE PROCEDURES DESCRIBED IN 1, 2, 3, 5, 6 AND 7.11. TO THE EXTENT THAT THE TRUTEE ELECTS NOT TO DISTRIBUTE THE ENTIRE NET INCOME OF THE TRUST IN ANY YEAR FOR SCHOLARSHIP PURPOSES, THE TRUSTEE SHALL DISTRIBUTE THE BALANCE OF THE NET INCOME FOR ANY SUCH YEAR TO ANY ONE OR MORE OF THE CHARITABLE ORGANIZATIONS AS THE TRUSTEE SHALL DEEM APPROPRIATE.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE BERNER CHARITABLE AND SCHOLARSHIP
     
    FOUNDATION
    EIN:
    36-3923844
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GNMA II MTG PASS THRU CTFS POOL 4,426 294
    AOL PLC GRT SR NT 3.5% 20,184 21,809
    APPLE INC. FXD RT 2.4% 19,238 20,979
    BP CAPITAL MARKETS PLC 3.506% 20,350 22,304
    BLACKROCK INC NT 3.375% 15,297 15,651
    CBS CORP NEW GTD FXD RT SR NT 4.0% 15,979 17,167
    CBRE SVCS INC GTD FXD RT SR NT 4.875% 17,734 17,723
    CATERPILLAR INC SR NT 2.6% 19,006 20,560
    WALT DISNEY CO NT 3.350% 22,107 22,172
    FIRST UNION CORP SUB DEB 6.550% 50,152 69,867
    JP MORGAN CHASE & CO FIXED RT NT 4.625% 20,827 20,307
    MACY'S RETAIL HLDGS GRD SR NT 3.625% 9,523 9,500
    MOTOROLA SOLUTIONS INC SR NT 3.5% 26,490 26,423
    PROSPECT CAP CORP FXD RT SR NT 6.375% 10,683 10,729

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE BERNER CHARITABLE AND SCHOLARSHIP
     
    FOUNDATION
    EIN:
    36-3923844
    Name of Stock End of Year Book Value End of Year Fair Market Value
    120 SH APPLE INC. 38,260 159,228
    6789 SH MANAGED PORTFOLIO SER GREAT LAKES SM CAP OPPORT FD 100,000 110,197
    15000 SH AFLAC INC. 250,980 667,050
    400 SH ABBVIE 31,610 42,860
    15000 SH AFLAC INC. 238,555 667,050
    6000 SH APPLE INC. 181,878 796,140
    3500 SH A T & T INC. 127,451 100,660
    500 SH BERKSHIRE HATHAWAY INC. CL B 35,967 115,935
    2000 SH BP PLC SPONSORED ADR 81,935 41,040
    4000 SH CITIGROUP INC. 180,359 246,640
    300 SH CVS HEALTH CORPORATION 17,016 20,490
    4000 SH ENTERCOM COMMUNICATIONS CORP 27,100 9,880
    6000 SH GENERAL ELECTRIC COMPANY 144,602 64,800
    2000 SH HALLIBURTON COMPANY 59,317 37,800
    300 SH INTERNATIONAL BUSINESS MACHINES 40,432 37,764
    2000 SH JP MORGAN CHASE & CO. 74,207 254,140
    1000 SH JOHNSON & JOHNSON 66,826 157,380
    2000 MARATHON OIL CORPORATION 30,049 13,340
    1000 SH OCCIDENTAL PETE CORPORATION 76,194 17,310
    125 OCCIDENTAL PETE CORP WARRANTS EXP 080327 618 851
    1000 SH PHILLIPS 66 45,447 69,940
    1563.089 SH ROYCE MICRO CAP FUND 25,006 19,914
    1200 SH STERICYCLE INC. 108,581 83,196
    7000 SH TEVA PHARAMACEUTICAL INDUSTRIES 185,650 67,550
    500 SH VIACOMCBS INCORPORATED CL B 19,305 18,630
    1000 VIATRIS INCORPORATED 15,755 18,740
    3000 SH VODAFONE GROUP PLC 61,173 49,440
    70 SH ALPHABET INC. 46,562 122,632
    9 SH AMAZON COM INC. 16,936 29,312
    435 SH AMERICAN EXPRESS COMPANY 32,597 52,596
    285 SH AON PLC REGISTERED SHS CL A 36,753 60,212
    420 APPLE INC 11,294 55,730
    100 SH ARISTA NETWORKS INC. 20,512 29,057
    100 SH AUTODESK INC. 14,754 30,534
    175 SH BECTON DICKINSON & CO. 41,258 43,789
    285 SH BERKSHIRE HATHAWAY INC CL B 34,188 66,083
    615 SH BLACKSTONE GROUP INC 28,002 39,858
    14 BOOKING HOLDINGS INC. 24,494 31,182
    300 SH CARMAX INC 16,870 28,338
    480 SH CBRE GROUP INC. 13,542 30,106
    55 SH CHARTER COMMUNICATIONS INC. 26,109 36,385
    225 SH CITIGROUP INC. 12,918 13,874
    500 SH COVETRUS INC 6,823 14,370
    365 SH WALT DISNEY CO 39,678 66,131
    215 SH EXPEDIA GROUP INC. 11,235 28,466
    305 SH FACEBOOK INC. CL A 48,606 83,314
    1245 SH GENERAL MOTORS 43,254 51,842
    1305 SH GILDAN ACTIVEWEAR INC 36,468 36,553
    495 SH GODADDY INC. CL A 32,711 41,060
    415 SH HASBRO INC. 30,771 38,819
    450 SH JACOBS ENGR GROUP INC. 29,340 49,032
    270 SH JP MORGAN CHASE & CO 18,986 34,309
    135 SH KEYSIGHT TECHNOLOGIES INC. 13,147 17,832
    80 SH LOCKHEED MARTIN CORP 28,852 28,398
    125 SH LOWES COS INC. 10,283 20,064
    160 SH MOHAWK INDUSTRIES INC. 19,079 22,552
    265 SH MOTOROLA SOLUTIONS INC. 38,833 45,066
    380 SH NORTHERN TRUST CORP 24,659 35,393
    4 SH NVR INC. 8,923 16,319
    745 SH PHILLIP MORRIS INTL INC. 61,087 61,679
    990 SH QUANTA SVCS INC. 19,184 71,300
    745 SH CHARLES SCHWAB CORP. 30,037 39,515
    480 SH SS&C TECHNOLOGIES HLDGS INC. 21,971 34,920
    135 SH VIACOMCBS CL B AND 1 CALL 2,963 4,475
    90 SH VISA INC. 15,434 19,686

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    THE BERNER CHARITABLE AND SCHOLARSHIP
     
    FOUNDATION
    EIN:
    36-3923844
    US Government Securities - End of Year Book Value:

    49,945
    US Government Securities - End of Year Fair Market Value:

    49,995
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 LegalFeesSchedule
    Name:
    THE BERNER CHARITABLE AND SCHOLARSHIP
     
    FOUNDATION
    EIN:
    36-3923844
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 7,004 5,604   1,400


    TY 2020 OtherAssetsSchedule
    Name:
    THE BERNER CHARITABLE AND SCHOLARSHIP
     
    FOUNDATION
    EIN:
    36-3923844
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    FEDERAL ESTIMATED TAX DEPOSIT 2,000 2,000 2,000
    DIVIDENDS RECEIVABLE 10,031 6 6
    IN-TRANSIT SECURITIES TRANSACTIONS 34,759 23,253 23,253


    TY 2020 OtherDecreasesSchedule
    Name:
    THE BERNER CHARITABLE AND SCHOLARSHIP
     
    FOUNDATION
    EIN:
    36-3923844
    Description Amount
    ROUNDING 1


    TY 2020 OtherExpensesSchedule
    Name:
    THE BERNER CHARITABLE AND SCHOLARSHIP
     
    FOUNDATION
    EIN:
    36-3923844
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 873 698   175
    INVESTMENT EXPENSE 33,027 33,027   0
    POSTAGE 804 643   161


    TY 2020 OtherIncomeSchedule2
    Name:
    THE BERNER CHARITABLE AND SCHOLARSHIP
     
    FOUNDATION
    EIN:
    36-3923844
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS INCOME 110 110 110


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE BERNER CHARITABLE AND SCHOLARSHIP
     
    FOUNDATION
    EIN:
    36-3923844
    Description Beginning of Year - Book Value End of Year - Book Value
    IL EXCISE TAX DUE 15 15


    TY 2020 TaxesSchedule
    Name:
    THE BERNER CHARITABLE AND SCHOLARSHIP
     
    FOUNDATION
    EIN:
    36-3923844
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 40 40   0
    IL EXCISE TAX 15 0   15