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
DUNHAM FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)2430 W INDIAN TRAIL 201
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
AURORA, IL60506
A Employer identification number

37-6416138
B Telephone number (see instructions)

(630) 844-2774
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$0J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,098,581 1,982,776  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 49,224
b Gross sales price for all assets on line 6a 11,932,431
7 Capital gain net income (from Part IV, line 2)... 49,224
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........ 2,147,805 2,032,000  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 383,800     383,800
14 Other employee salaries and wages...... 231,127     231,127
15 Pension plans, employee benefits....... 17,209     17,209
16a Legal fees (attach schedule)......... Click to see attachment 118,120     118,120
b Accounting fees (attach schedule)....... Click to see attachment 14,541     14,541
c Other professional fees (attach schedule).... Click to see attachment 390,725 132,160   258,565
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 87,414 32,026   29,425
19 Depreciation (attach schedule) and depletion... Click to see attachment 22,134    
20 Occupancy.............. 51,441     51,441
21 Travel, conferences, and meetings....... 9,190     9,190
22 Printing and publications.......... 1,611     1,611
23 Other expenses (attach schedule)....... Click to see list of attachments 125,888     125,888
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,453,200 164,186   1,240,917
25 Contributions, gifts, grants paid....... 3,703,800 3,703,800
26 Total expenses and disbursements. Add lines 24 and 25 5,157,000 164,186   4,944,717
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,009,195
b Net investment income (if negative, enter -0-) 1,867,814
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......... 2,523,673    
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.......... 39,705    
10a Investments—U.S. and state government obligations (attach schedule) 17,169,719    
b Investments—corporate stock (attach schedule)....... 22,717,317    
c Investments—corporate bonds (attach schedule)....... 12,973,441    
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 30,935,931    
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet   228,010    
15 Other assets (describe bullet) Click to see attachment222,833    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 86,810,629 0 0
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 attachment23,940  
23 Total liabilities (add lines 17 through 22)......... 23,940 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...........   86,786,689
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 86,786,689 0
30 Total liabilities and net assets/fund balances (see instructions). 86,810,629 0
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
86,786,689
2
Enter amount from Part I, line 27a .....................
2
-3,009,195
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
83,777,494
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
83,777,494
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
 
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 P 2000-12-01 2020-12-31
b CAPITAL GAIN DIVIDENDS P 2000-12-01 2020-12-31
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 11,837,946   11,883,207 -45,261
b 94,485     94,485
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       -45,261
b       94,485
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 49,224
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 25,963
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 25,963
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 25,963
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 39,705
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 39,705
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
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 13,742
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 RefundedBullet 11 13,742
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
Yes
 
If "Yes," attach the statement required by General Instruction T.Click to see list of attachments
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 addressbullethttps://www.dunhamfoundation.org/
    14
    The books are in care ofbulletBUSEY WEALTH MANAGEMENT Telephone no.bullet (217) 424-1111

    Located atbullet130 N WATER STREETDECATURIL ZIP+4bullet62523
    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
    Stewart Beach Chairman
    20.00     		42,400    
    2430 W INDIAN TRAIL 201
    AURORA,IL60506
    Theodia Gillespie Director
    10.00     		24,400    
    2430 W INDIAN TRAIL 201
    AURORA,IL60506
    Wendy Hirsch Director
    12.00     		24,400    
    2430 W INDIAN TRAIL 201
    AURORA,IL60506
    Ryan Maley Director
    10.00     		24,400    
    2430 W INDIAN TRAIL 201
    AURORA,IL60506
    Michael Morcos Director
    10.00     		24,400    
    2430 W INDIAN TRAIL 201
    AURORA,IL60506
    Mark Truemper vice chair
    15.00     		33,400    
    2430 W INDIAN TRAIL 201
    AURORA,IL60506
    Robert Vaughan Secretary
    15.00     		30,400    
    2430 W INDIAN TRAIL 201
    AURORA,IL60506
    VICKI MORCOS President & CEO
    50.00     		180,000 6,334  
    2430 W INDIAN TRAIL 201
    AURORA,IL60506
    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
    LINDSAY COCHRANE PRGM DIRECTOR
    40.00     		131,800 4,983  
    2430 W INDIAN TRAIL SUITE 201
    AURORA,IL60506
    Holly Sambucetti Adm. Manager
    40.00     		61,500 2,318  
    2430 W INDIAN TRAIL SUITE 201
    AURORA,IL60506
    Total number of other employees paid over $50,000...................bullet  
    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
    Drinker Biddle & Reath LLP LEGAL 111,006
    One Logan Square Suite 2000
    Philadelphia,PA19103
    BUSEY WEALTH MANAGEMENT INVESTMENT/TRUSTEE 363,215
    130 N WATER STREET
    DECATUR,IL62523
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    92,840,168
    b
    Average of monthly cash balances.......................
    1b
    2,199,447
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    95,039,615
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    95,039,615
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,425,594
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    93,614,021
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,680,701
    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
    4,680,701
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    25,963
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    25,963
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,654,738
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    4,654,738
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    4,654,738
    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
    4,944,717
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    4,944,717
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,944,717
    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 4,654,738
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 2,411,883
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 4,944,717
    a Applied to 2019, but not more than line 2a 2,411,883
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 2,532,834
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		2,121,904
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    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:
    DUNHAM FOUNDATION
    2430 W INDIAN TRAIL SUITE 201
    AURORA,IL60506
    (630) 844-2774
    INFO@dunhamfoundation.org
    bThe form in which applications should be submitted and information and materials they should include:
    DUNHAM FOUNDATION ACCEPTS ONLINE APPLICATIONS THAT CAN BE FOUND AT WWW.DUNHAMFOUNDATION.ORG
    cAny submission deadlines:
    2 CYCLES - FEBRUARY 1ST AND JUNE 1ST
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    REQUESTS THAT EXCEED $75,000 HAVE TWO ONLINE SUBMISSION DEADLINES EACH YEAR (FEBRUARY 1-CYCLE 1 AND JUNE 1-CYCLE 2)GRANT REQUESTS THAT ARE $75,000 OR LESS ARE ACCEPTED ONLINE ONLY AT ANY TIME DURING THE CALENDAR YEAR.ANNUAL MAXIMUM AMOUNT OF GRANT IS ORDINARILY LIMITED TO $1 MILLION. The Foundation accepts grant requests from 501(c)(3) organizations that are involved in education and community development programs the building blocks that will, in founder John Dunhams words, make the world a more comfortable, safer place for mankind.The Dunham Foundations primary grant making goal is to measurably and permanently impact the Dunham Foundation service area through start up support of new or uniquely enhanced educational and community development programs and capital projects that address a documented need and are innovative, collaborative and potentially self-sustaining, while being purposefully designed to effect positive change through close alignment with the missions of the grant see
    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
    A FND FOR W AURORA SCHLS
    1877 W DOWNER PLACE
    AURORA,IL60506     		  PC PROGRAM SUPPORT 2,000
    AGAPE CONNECTION INC
    2950 BILTER RD
    AURORA,IL60505     		  PC PROGRAM SUPPORT 17,500
    ASSN FOR IND DEVELOPMENT
    309 W NEW INDIAN TRAIL CT
    AURORA,IL60506     		  PC PROGRAM SUPPORT 115,000
    AURORA AFR AMER MEN OF UNITY
    30 S STOLP AVE 311
    AURORA,IL60506     		  PC PROGRAM SUPPORT 12,000
    AURORA EAST EDUC FOUNDATION
    417 FIFTH STREET
    AURORA,IL60505     		  PC PROGRAM SUPPORT 231,500
    AURORA UNIVERSITY
    347 S GLADSTONE AVE
    AURORA,IL60506     		  PC PROGRAM SUPPORT 100,000
    CASA KANE COUNTY
    100 S 3RD ST
    GENEVA,IL60134     		  PC PROGRAM SUPPORT 17,000
    CTR FOR HEALTHCARE INNOV
    625 W ADAMS ST 19TH FLOOR
    CHICAGO,IL60661     		  PC PROGRAM SUPPORT 40,000
    COMMUNITIES IN SCHOOLS
    1433 PRAIRIE ST
    AURORA,IL60506     		  PC PROGRAM SUPPORT 75,000
    COMM FND OF THE FOX RIVER VALLEY
    111 W DOWNER PLACE 312
    AURORA,IL60506     		  PC PROGRAM SUPPORT 212,000
    FOREFRONT
    208 S LASALLE ST 1540
    CHICAGO,IL60604     		  PC PROGRAM SUPPORT 120,106
    FOX VALLEY HANDS OF HOPE
    200 WHITFIELD DR
    GENEVA,IL60134     		  PC PROGRAM SUPPORT 47,000
    FOX VALLEY MUSIC ASSN
    21 SOUTH BROADWAY
    AURORA,IL60505     		  PC PROGRAM SUPPORT 2,000
    FOX VALLEY PARK FOUNDATION
    2430 W INDIAN TRAIL STE 201
    AURORA,IL60506     		  PC PROGRAM SUPPORT 10,000
    FOX VALLEY UNITED WAY
    44 E GALENA BLVD
    AURORA,IL60505     		  PC PROGRAM SUPPORT 5,500
    GLORIA J TAYLOR FOUNDATION
    900 RIDGE ROAD
    HOMEWOOD,IL60430     		  PC PROGRAM SUPPORT 47,500
    KANELAND FOUNDATION
    47W326 KESLINGER RD
    MAPLE PARK,IL60151     		  PC PROGRAM SUPPORT 2,000
    MARIE WILKINSON FOOD PANTRY
    834 N HIGHLAND AVE
    AURORA,IL60506     		  PC PROGRAM SUPPORT 82,000
    MUTUAL GROUND
    418 OAK AVE
    AURORA,IL60506     		  PC PROGRAM SUPPORT 75,000
    NORTH CENTRAL COLLEGE
    30 N BRAINARD ST
    NAPERVILLE,IL60540     		  PC PROGRAM SUPPORT 250,000
    NORTHERN ILLINOIS FOOD BANK
    273 DEARBORN COURT
    GENEVA,IL60134     		  PC PROGRAM SUPPORT 50,000
    NORTHWESTERN MEMORIAL FND
    420 EAST SUPERIOR STREET
    CHICAGO,IL60611     		  PC PROGRAM SUPPORT 29,062
    PAINTERS DISTRICT COUNCIL NO 30
    1905 SEQUOIA DR
    AURORA,IL60506     		  PC PROGRAM SUPPORT 10,000
    QUAD COUNTY URBAN LEAGUE
    1685 N FARNSWORTH AVE
    AURORA,IL60505     		  PC PROGRAM SUPPORT 130,000
    RIALTO SQUARE THEATRE FND
    102 N CHICAGO ST
    JOLIET,IL60432     		  PC PROGRAM SUPPORT 6,250
    ROSARY HIGH SCHOOL
    901 N EDGELAWN DR
    AURORA,IL60506     		  PC PROGRAM SUPPORT 125,000
    TRICITY FAMILY SERVICES
    1120 RANDALL CT
    GENEVA,IL60134     		  PC PROGRAM SUPPORT 50,000
    VNA HEALTH CARE
    400 N HIGHLAND AVE
    AURORA,IL60506     		  PC PROGRAM SUPPORT 25,000
    BATAVIA ARTISTS ASSN-WATER STREET S
    160 S WATER ST
    BATAVIA,IL60510     		  PC PROGRAM SUPPORT 121,882
    WAYSIDE CROSS MINISTRIES
    215 E NEW YORK ST
    AURORA,IL60505     		  PC PROGRAM SUPPORT 25,000
    BATAVIA FOUNDATION FOR EDUC EXCELLE
    335 W WILSON STREET
    BATAVIA,IL60510     		  PC PROGRAM SUPPORT 9,500
    BREAKING FREE
    120 GALE ST
    AURORA,IL60506     		  PC PROGRAM SUPPORT 20,000
    DO-OVER ME
    1141 COMMERCE DRIVE
    GENEVA,IL60134     		  PC PROGRAM SUPPORT 5,000
    FOX VALLEY SPECIAL REC FOUND
    2121 W INDIAN TRAIL
    AURORA,IL60506     		  PC PROGRAM SUPPORT 2,000
    SCI-TECH HANDS ON MUSEUM
    18 W BENTON ST
    AURORA,IL60506     		  PC PROGRAM SUPPORT 64,000
    SIMPLY DESTINEE
    122 W DOWNER PL 124
    AURORA,IL60506     		  PC PROGRAM SUPPORT 55,000
    SUICIDE PREVENTION SERVICES
    528 S BATAVIA AVE 1
    BATAVIA,IL60510     		  PC PROGRAM SUPPORT 103,000
    360 Youth Services
    1305 Oswego Rd
    nAPERVILLE,IL60540     		  PC PROGRAM SUPPORT 30,000
    Advance Illinois
    303 E Wacker Suite 1925
    CHICAGO,IL60601     		  GOV PROGRAM SUPPORT 100,000
    Albright Community Theatre
    100 N Island Ave 3rd floor
    bATAVIA,IL60510     		  PC PROGRAM SUPPORT 2,000
    Aurora Rotary Foundation
    PO Box 2652
    aURORA,IL60507     		  PC PROGRAM SUPPORT 4,500
    Aurora Women's Empowerment Foundati
    1877 W DOWNER PLACE
    AURORA,IL60506     		  PC PROGRAM SUPPORT 6,000
    Batavia United Way 211
    700 W Fabyan Parkway 120A
    BATAVIA,IL60510     		  PC PROGRAM SUPPORT 21,000
    Changing Children's Worlds Foundati
    411 Stevens St
    GENEVA,IL60134     		  PC PROGRAM SUPPORT 1,000
    Farmwork and Landscape Advocacy Pro
    33 N LaSalle 900
    CHICAGO,IL60602     		  PC PROGRAM SUPPORT 12,500
    Foundations Inc
    701 East Gate Drive Suite 300
    MT LAUREL,NJ08054     		  PC PROGRAM SUPPORT 6,000
    Fox Valley Patriotic Organization
    PO Box 4786
    AURORA,IL60507     		  PC PROGRAM SUPPORT 25,000
    Little Friends Inc
    140 N Wright St
    NAPERVILLE,IL60540     		  PC PROGRAM SUPPORT 10,000
    Mikva Challenge
    200 S Michigan Ave
    CHICAGO,IL60604     		  PC PROGRAM SUPPORT 2,000
    Oswego Foundation for Educational E
    PO Box 111
    OSWEGO,IL60543     		  PC PROGRAM SUPPORT 40,000
    Paramount Arts Centre
    23 E Galena Blvd STE 230
    AURORA,IL60506     		  PC PROGRAM SUPPORT 1,000,000
    Plum Landing
    495 North Lake Street
    AURORA,IL60506     		  PC PROGRAM SUPPORT 10,000
    Prairie State Legal Services
    31W001 East North Avenue Ste 200
    WEST CHICAGO,IL60185     		  PC PROGRAM SUPPORT 50,000
    Serenity House
    891 S Rohlwing Rd
    ADDISON,IL60101     		  PC PROGRAM SUPPORT 90,000
    Total .................................bullet 3a 3,703,800
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 2,098,581  
    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 49,224  
    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)..   2,147,805  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,147,805
    (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: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    DUNHAM FUND
    EIN:
    37-6416138
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 11,875 0 0 11,875
    PAYROLL SERVICES 2,666 0 0 2,666

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

    TY 2020 DepreciationSchedule
    Name:
    DUNHAM FUND
    EIN:
    37-6416138
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    SOFTWARE 2017-08-01 21,851 20,659 200DB 7.41 % 1,192      
    LEASEHOLD IMPROVEMENTS 2018-10-31 228,518 17,161 SL 6.67 % 15,242      
    FURNITURE AND FIXTURES 2018-10-31 24,907 9,878 200DB 19.20 % 4,782      
    OFFICE FURNITURE 2013-01-24 3,234 2,802 200DB 4.46 % 144      
    4-DRAWER FIRE FILE 2020-07-30 5,418   200DB 14.29 % 774      

    TY 2020 DissolutionStmt
    Name:
    DUNHAM FUND
    EIN:
    37-6416138
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Dissolution Name Dissolution Address Explanation Dissolution Amount
    DUNHAM FOUNDATION 2430 W INDIAN TRAIL 201
    AURORA,IL60506     		ALL NET ASSETS-SEE STATEMENT 105,904,472


    TY 2020 GeneralExplanationAttachment
    Name:
    DUNHAM FUND
    EIN:
    37-6416138
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Identifier Return Reference Explanation
      General Explanation Supplemental Information for Form 990-PF STATEMENT REGARDING FINAL TAX RETURN FILING AND DISTRIBUTION OF ALL ASSETS TO DUNHAM FOUNDATION, EIN 84-2345560____________________________________________________________________________________This is the final tax filing for Dunham Fund. All net assets have been distributed to Dunham Foundation as described below and these qualify as Sec 507(b)(2) transfersDunham Foundation was incorporated on July 1, 2019 after receipt of a Court Order from the Circuit Court of the Sixteenth Judicial Circuit, Kane County, Illinois dated June 28, 2019. Subsequently, Dunham Foundation received the Federal income tax exemption letter dated May 21, 2020 effective as of July 1, 2019.Dunham Foundation had no assets or income in 2019 or 2020. The Dunham Fund (EIN 37-6416138) has distributed all its net assets to the Dunham Foundation (EIN 84-2345560)as of the close of business on December 31, 2020. Therefore 2020 is the Dunham Funds final year of existence. 2021 will be Dunham Foundations first year of having assets. However, Dunham Foundation is filing a 2020 Form 990-PF to confirm that in fact the Dunham Foundation did not have any assets or income in 2020. Dunham Foundation is not treated as a newly created organization for tax purposes.The following is a summary of net assets distributed from Dunham Fund to Dunham Foundation at close of business on December 31, 2020: BOOK VALUE FAIR MARKET VALUE _____________ _________________ Cash - checking account $ 3,602 $ 3,602Savings and temporary cash investments 1,523,587 1,523,587Investments: U.S. and state government pbligations 15,305,079 16,437,834 Corporate stock 20,388,135 30,605,180 Corporate bonds 12,459,313 13,121,284 Mutual and ETF funds - equities 29,389,411 39,067,359 Mutual and ETF funds - bonds 4,424,006 4,861,265 Program investments 105,000 105,000Prepaid expenses 31,533 31,533Property and equipment, net 211,294 211,294Security deposits 2,833 2,833Accounts payable and accrued expenses (58,107) (58,107)Credit card payable (5,230) (5,230)Payroll liabilities (2,962) (2,962) ___________ _______________Net assets distributed $ 83,777,494 $ 105,904,472 =========== ===============
      General Explanation Supplemental Information for Form 990-PF STATEMENT REGARDING UNDISTRIBUTED INCOME UNDER SEC 4942(C)__________________________________________________________UNDISTRIBUTED INCOME CARRIED TO 2021 REPORTED ON PART XIII, LINE 6IN THE AMOUNT OF $2,121,904 WILL BE REPORTED ON THE 2021 FORM 990-PFFILING BY THE TRANSFEREE, DUNHAM FOUNDATION, EIN 84-2345560

    TY 2020 LiquidationExplanationStmt
    Name:
    DUNHAM FUND
    EIN:
    37-6416138
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Statement:
    This is the final tax filing for Dunham Fund. All net assets have been distributed to Dunham Foundation as described below.Dunham Foundation was incorporated on July 1, 2019 after receipt of a Court Order from the Circuit Court of the Sixteenth Judicial Circuit, Kane County, Illinois dated June 28, 2019. Subsequently, Dunham Foundation received the Federal income tax exemption letter dated May 21, 2020 effective as of July 1, 2019. The Board members and officers of each organization are the same, as is the mailing address. The mission of Dunham Foundation is the same as Dunham Fund.Please see related attached statement regarding the distribution.


    TY 2020 LegalFeesSchedule
    Name:
    DUNHAM FUND
    EIN:
    37-6416138
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    legal 118,120 0 0 118,120


    TY 2020 OtherDecreasesSchedule
    Name:
    DUNHAM FUND
    EIN:
    37-6416138
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Amount
    DISSOLUTION AND DISTRIBUTION TO DUNHAM FOUNDATION-SEE STMTS 83,777,494


    TY 2020 OtherExpensesSchedule
    Name:
    DUNHAM FUND
    EIN:
    37-6416138
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BUILDING SIGNAGE 2,515     2,515
    COMMUNICATIONS 1,110     1,110
    DUES AND SUBSCRIPTIONS 4,892     4,892
    INSURANCE 9,741     9,741
    OFFICE EXPENSES 53,545     53,545
    WEBSITE AND SOCIAL MEDIA 54,085     54,085


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    DUNHAM FUND
    EIN:
    37-6416138
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT/TRUSTEE FEES 132,160 132,160 0 0
    PUBLIC RELATIONS 24,000 0 0 24,000
    RETIREMENT PLAN ADMINISTRATION 3,510 0 0 3,510
    TRUSTEE/ESCROW FEES 231,055 0 0 231,055


    TY 2020 TaxesSchedule
    Name:
    DUNHAM FUND
    EIN:
    37-6416138
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    excise taxes 25,963      
    FOREIGN TAXES ON INVESTMENTS 32,026 32,026    
    PAYROLL TAXES 29,425     29,425