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 Arthur B Schultz Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 1570
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Lander, WY82520
A Employer identification number

95-3980014
B Telephone number (see instructions)

(775) 832-9222
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$8,515,075J Accounting method:
Modified Cash
(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) 1,393,219
2 Check bullet.............
3 Interest on savings and temporary cash investments 3,980 3,980  
4 Dividends and interest from securities... 50,644 50,644  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 1,554,830
b Gross sales price for all assets on line 6a 5,275,144
7 Capital gain net income (from Part IV, line 2)... 1,554,830
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 34,608 34,608  
12 Total. Add lines 1 through 11........ 3,037,281 1,644,062  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 90,883 9,883   81,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 24,588 2,459   22,129
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,630     5,630
c Other professional fees (attach schedule).... Click to see attachment 16,514 16,514    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 28,725 142    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 21,275     18,423
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 72,686 49,188   19,513
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 260,301 78,186   146,695
25 Contributions, gifts, grants paid....... 263,446 263,446
26 Total expenses and disbursements. Add lines 24 and 25 523,747 78,186   410,141
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,513,534
b Net investment income (if negative, enter -0-) 1,565,876
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............. 62,875 2,342,998 2,342,998
2 Savings and temporary cash investments......... 872,549 1,225,981 1,225,981
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) bullet13,000
Less: allowance for doubtful accounts bullet     Click to see attachment13,000 13,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,893,486 Click to see attachment2,010,409 3,019,017
c Investments—corporate bonds (attach schedule)....... 589,996 Click to see attachment400,600 410,860
11 Investments—land, buildings, and equipment: basis bullet602,067
Less: accumulated depreciation (attach schedule) bullet   602,067    
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 775,250 Click to see attachment1,260,955 1,260,955
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment181,655 Click to see attachment242,264 Click to see attachment242,264
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,977,878 7,496,207 8,515,075
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 attachment2,983 Click to see attachment7,776
23 Total liabilities (add lines 17 through 22)......... 2,983 7,776
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........... 4,974,895 7,488,431
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)..... 4,974,895 7,488,431
30 Total liabilities and net assets/fund balances (see instructions). 4,977,878 7,496,207
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
4,974,895
2
Enter amount from Part I, line 27a .....................
2
2,513,534
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2
4
Add lines 1, 2, and 3 ..........................
4
7,488,431
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,488,431
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 Realized GL on publicly traded securities P 2019-01-01 2020-12-31
b Gain on sale of condo D 2019-08-29 2020-08-20
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 3,271,638   2,979,719 291,919
b 2,000,654   740,595 1,260,059
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       291,919
b       1,260,059
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 1,554,830
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 1,260,059
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 21,766
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 21,766
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 21,766
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 21,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,979
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 22979 7 22,979
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 1,213
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,213 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWY
    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. Click to see attachment...............................
    10
    Yes
     
    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 addressbulletwww.absfoundation.org
    14
    The books are in care ofbulletRachael Knapp Richards Telephone no.bullet (307) 714-5665

    Located atbullet10 Lewis DriveLanderWY ZIP+4bullet82520
    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? .................
    16Yes  
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bulletRW, NO
    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). Click to see attachment
    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
    Arthur B Schultz Chairman Emeritus
    000.00     		0    
    PO Box 1570
    Lander,WY82520
    Erik Schultz Chairperson and Director
    000.00     		0    
    PO Box 1570
    Lander,WY82520
    Dave Straley Vice President Treasurer Director
    000.00     		0    
    PO Box 1570
    Lander,WY82520
    Jon Schultz Director
    000.00     		0    
    PO Box 1570
    Lander,WY82520
    Einar Christensen Director
    000.00     		0    
    PO Box 1570
    Lander,WY82520
    Mike Testa Director
    000.00     		0    
    PO Box 1570
    Lander,WY82520
    Rachel Richards Executive Director and Secretary
    030.00     		90,883 17,635  
    PO Box 1570
    Lander,WY82520
    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
     
    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
     
    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 NA 0
    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 Imara Tech is a company in Tanzania that designs, manufactures, and markets productive use equipment to support smallholder farmers earn more income and save time with efficient mechanization. 20,000
    2 Water Access Rwanda is a Rwandan social enterprise commited to eradicating water scarcity by providing appropriate technologies for durable access to water. 22,900
    All other program-related investments. See instructions.
    3 Click to see attachment 40,000
    Total. Add lines 1 through 3.........................bullet82,900
    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
    3,474,778
    b
    Average of monthly cash balances.......................
    1b
    1,022,920
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,061,509
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,559,207
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    6,559,207
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    98,388
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,460,819
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    323,041
    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
    323,041
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    21,766
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    21,766
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    301,275
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    10,000
    5
    Add lines 3 and 4............................
    5
    311,275
    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
    311,275
    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 Click to see attachment..........
    1a
    410,141
    b
    Program-related investments—total from Part IX-B..................
    1b
    82,900
    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
    493,041
    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
    493,041
    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 7 311,275
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 188,955
    b From 2016...... 35,436
    c From 2017...... 58,208
    d From 2018...... 66,993
    e From 2019...... 501,954
    fTotal of lines 3a through e........ 851,546
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 493,041
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 311,275
    e Remaining amount distributed out of corpus 181,766
    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 1,033,312
    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 ..........     		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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		188,955
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		844,357
    10 Analysis of line 9:
    a Excess from 2016.... 35,436
    b Excess from 2017.... 58,208
    c Excess from 2018.... 66,993
    d Excess from 2019.... 501,954
    e Excess from 2020.... 181,766
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    None
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    None
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Rachael Knapp Richards
    PO Box 1570
    Lander,WY82520
    (208) 340-3397
    bThe form in which applications should be submitted and information and materials they should include:
    Letter of Intent first guidelines at www.absfoundation.org
    cAny submission deadlines:
    see Website www.absfoundation.org
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    See Website www.absfoundation.org
    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 Leg To Stand On
    135 Madison Ave Fl 5
    New York,NY10016     		  PC Partnering with Consolidating Logistics for Assistive Technology Supply Logistics CLASP in Entebbe UG, to provide high-quality, appropriately fitted wheelchairs for individual needs and environment for children with disabilities to support their rehabilitation and improve their quality of life. 10,000
    ACO Africa
    PO Box 10184
    Kampala    
    UG     		  NC To improve the quality of life of disadvantaged girls in Kityana and Rakai-Kyotera Districts by the year 2022 through educational opportunities and income generating activities for their caregivers 10,000
    ADISA
    Canton Tzanchicham
    Santiago Atitlan    
    GT     		  NC support econ empowerment for caregiver mothers of PWDs 5,030
    Ascated
    72 Colle Zona 9 Condo Plaza del Sol
    GT     		  NC Support right to edu for children with disabilities in rural Jalapa District 5,000
    Bulogo Women's Group
    PO Box 26880
    Kampala    
    UG     		  NC Equip girls and women in Kamuli district with education, tools, and skills to access development opportunities and become agents of change within their communities. Specific project will target 200 women 11,500
    Child Support - Take My Friends to School
    Plot 63 65 Makanisani Street
    Mbeya City    
    TZ     		  NC support inclusive education in CSTZ school 10,000
    Cielo de Amor
    2160 Arthur St
    Eugene,OR97405     		  PC Improving the quality of life of children and young adults with disabilities by providing education, PT, adaptive equipment, vocational training and trainings to parents and staff. 12,500
    Center for Popular Research Education & Policy
    843 East Meadow Avenue
    Pinole,CA94546     		  PC Build food sovereignty on the Wind River Indian Reservation 2,500
    Creative Action Institute
    240 County Road
    Ipswich,MA01938     		  PC Supports the East African Girls Leadership Summit and Mentor program support partner orgs through virtual leadership training 19,500
    East Bay Community Foundation
    200 Frank H Ogawa Plaza
    Oakland,CA94612     		  PC Eliminate structural barriers, advance racial equity, and transform political, social, and economic outcomes for all who call the East Bay home 1,023
    Girl Up Initiative
    1114 State Street Suite 200
    Santa Barbara,CA93101     		  PC Vocational and entrepreneurial skills training for economic empowerment of vulnerable young women 11,500
    Girls to Lead Africa
    Plot 16 Baragaine Street
    Kihiihi    
    UG     		  NC Enhancing womens participation representation in leadership through nurturing and mentoring girl leaders in schools 10,000
    Social Good Fund
    PO Box 5473
    Richmond,CA94805     		  PC A community building and investment vehicle for Asian-Americans to support the movement for Black and Indigenous-led liberation. 5,000
    Gulu Persons Disabled Network
    PO Box 549
    Gulu    
    UG     		  NC Empowering PWDs to lead dignified lives. Providing wheelchairs, complementary health services, and econ empowerment activities 11,000
    Jifindishe
    PO Box 795
    Usa River    
    TZ     		  NC Support young women through independent study program incorporating Tanz curriculum with leadership programming 7,500
    KAD Africa
    Plot 32 Block 69 Bwamba Rd
    Fort Portal    
    UG     		  NC Discretionary womens empowerment grant 1,000
    Katalemwa Cheshire House
    PO Box 16548
    Kampala    
    UG     		  NC Fund 20 mobility appliancesfor youth with disabilities in Uganda 6,000
    Kibera Girls Soccer Academy
    1263 Osceola Avenue
    St Paul,MN55105     		  PC supports teacher salaries and nutritional support for the young women attending high school in Kibera slum 10,000
    Lander Community Foundation
    PO Box 1131
    Lander,WY82520     		  PC Create a stronger community by promoting philanthropy, encouraging effective giving, and facilitating volunteerism, while providing leadership on issues important to the Lander community. 1,500
    Limitless Horizons
    PO Box 3120
    Santa Cruz,CA95063     		  PC Empower indigenous girls through education in Guatemala 10,000
    Nevada Nordic
    PO Box 5406
    Incline Village,NV89450     		  PC Unrestricted discretionary grant to promote local community-based cross country skiing 1,500
    Northern Kenya Fund
    370 Sawmill Road
    Bozeman,MT59715     		  PC Support teacher salaries, leadership training, and mentorship for young women in northern Kenya 20,000
    Okoa Maisha Ya Watoto
    PO Box 2093
    Moshi    
    TZ     		  NC Grandmothers Econ Empowerment through income generating activities in the rural districts of Uru Shimbwe of Moshi rural district 5,000
    Street Business School
    6797 Winchester Circle Suite 200
    Boulder,CO80301     		  PC create economic opportunity for women in poverty through Global Catalyst program support org ME and Covid relief 18,000
    The Action Foundation
    PO Box 59541-00200
    Nairobi    
    KE     		  NC children w/ disabilities and caregivers in Kibera re mobility device procurement, physiotherapy, education, and econ empowerment 10,000
    The Girls Foundation of Tanzania
    PO Box 11224
    Portland,ME  
    TZ     		  PC Support scholarships, leadership workshops, tailoring and Covid relief 7,500
    Thousand Currents
    1330 Broadway Suite 301
    Oakland,CA94612     		  PC Mobilizing resources and relationships in support of grassroots groups working to build loving, just, and equitable futures 2,000
    Transitions Foundation
    7 Overhill Road
    Mill Valley,CA94941     		  PC Procurement of wheelchairs for Guatemalans in need 10,000
    UNABU
    Kicukiro Gikonddo KK31 AV190
    Kigali    
    RW     		  NC support mobility devices for 40 women and girls with disabilities 9,000
    With Women Kisoboka
    PO Box 391522
    Cambridge,MA02139     		  PC Support womens urban farming projects and covid relief 7,393
    Young Strong Mothers Foundaton
    PO Box 2416 Tushikamane Center
    Morogoro    
    TZ     		  NC Fund sewing machines, sewing, marketing design, mental health counseling training for 20 teenage mothers 7,500
    Komera
    PO Box 1481
    Jamaica Plain,MA02130     		  PC general operating support to advance organizations womens empowerment work in Rwanda 5,000
    Total .................................bullet 3a 263,446
    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
    aInterest from Program Related Investments       17,371  
    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 3,980  
    4 Dividends and interest from securities....     14 50,644  
    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 17,237  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,554,830  
    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)..   1,644,062  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,644,062
    (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.)
    1a Program related investments complement grant making strategies in furtherance of foundations charitable mission
    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: 20011406
    Software Version: 20.0.2.0
    Part VI Line 7 - Tax Paid with the Original Return: 22,979


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

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

    95-3980014
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    The Arthur B Schultz Foundation
          		Employer identification number
    95-3980014
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Arthur B Schultz
    PO Box 4642
     
    Incline Village, NV89450

    		$ 1,393,219


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    The Arthur B Schultz Foundation
          		Employer identification number

    95-3980014
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    The Arthur B Schultz Foundation
          		Employer identification number

    95-3980014
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID: 20011406
    Software Version: 20.0.2.0

    TY 2020 AccountingFeesSchedule
    Name:
    The Arthur B Schultz Foundation
    EIN:
    95-3980014
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    3rd Creek Accounting 5,630     5,630

    TY 2020 AllOthProgRltdInvestmentsSch
    Name:
    The Arthur B Schultz Foundation
    EIN:
    95-3980014
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount
    Beneficial Returns - Whole Forest Loan Partic. TEMA - Nicaragua 40,000

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

    TY 2020 DepreciationSchedule
    Name:
    The Arthur B Schultz Foundation
    EIN:
    95-3980014
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    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
    620 West Table Rock Rd, Alta, WY 2008-11-30 936,000 212,550 Straight Line 0000000040.000000000000        
    New Hardwood Floors 2015-05-20 5,975 2,589 Straight Line 0000000005.000000000000        

    TY 2020 GeneralExplanationAttachment
    Name:
    The Arthur B Schultz Foundation
    EIN:
    95-3980014
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Identifier Return Reference Explanation
      Expenditure Responsibility Statement Part VII-B Line 5C PRI Water Access Rwanda, PRI Purpose Finance Expenditure Responsibility Statement Part VIIB Line 5C PRI Water Access Rwanda PRI Purpose Finance minigrid upgrade in Rwandan community to increase access to affordable and safe water. Date of PRI 12/1/20 PRI Amount 22900 Dates of Reports Pregrant inquiry 2020 Annual Report 2021 PRI applied appropriately and no funds diverted. PRI Imara Tech PRI Purpose Support company with RD to manufacture and market efficient agriprocessing machinery in Tanzania saving smallholder farmers time and cost. PRI Amount 20000 Date of PRI4/22/20 Pregrant inquiry 2020 Qtrly Reports 2020 2021 2021 No funds diverted. PRI Beneficial Returns Loan Participation Whole Forest PRI Purpose Support sustainable forestry company with expansion into hardwood business line. Date of PRI6/23/20 PRI Amount 25000 Dates of Reports Pregrant inquiry 2020 Annual Report 2021PRI applied appropriately and no funds diverted. Expenditure Responsibility Statement Part VIIB Line 5C PRI WARC Group LLC PRI Purpose Alleviate extreme poverty by increasing smallholder agricultural yields especially for women in Ghana. PRI Amount 10000 Date of PRI 12/30/2019 PRI Repayment Complete 11/10/20 Dates of Reports Pregrant inquiry 6/16/20 Due diligence completed 2019) Impact Report 2020 Final Report 2021 PRI applied appropriately and no funds diverted. PRI TEMA Nicaragua PRI Purposesupport the production of wheelchairs for those in need in local region. Amount 15000 Date of PRI 6/4/20 Pregrant inquiry 2020 Expenditure Responsibility Statement Part VIIB Line 5C Grants ER continued ADISA. Grant Purpose support econ empowerment for caregiver mothers of PWDs Pregrant Inquiry 2020 Date of Grant 4/2020 Final Report 2020 Grant amount 5030 Funds diverted with foundation approval to support Covid relief. Expenditure Responsibility Statement Part VIIB Line 5C PRIs from prior years Global Parnterships SIF 6.0 PRI Amount 250000 Date of PRI 4/11/2019 Dates of Reports Pregrant Inquiry 2019 Annual Report 2019 2020 No diverted funds. SIMA Off Grid Solar Fund PRI Amount 125000 Date of PRI 8/29/2019 Dates of Reports Pregrant inquiry 2019 Quarterly Reports 2019 2020 no diverted funds. Beneficial Returns 46665 Date of PRI 4/30/2019 Dates of Reports Pregrant inquiry 2019 Annual Report 2021 no diverted funds. Expenditure Responsibility Statement Part VIIB Line 5C Grantee ACOAfrica Address PO Box 10184 Kampala Uganda Grant Purpose To improve the quality of life of disadvantaged girls in Kityana and RakaiKyotera Districts by the year 2022 through educational opportunities and income generating activities for their caregivers Grant Amount 10k Date of Grant 2/2020 pregrant inquiry 2020 Final report 2020. No diversions to foundations knowledge Grantee Bulogo Womens Group Address Butuba Zone Namwendwa Road Bulogo Village Namwendwa Sub County Grant Purpose Equip girls and women in Kamuli district with education tools and skills to access development opportunities and become agents of change within their communities. Specific project will target 200 women Grant Amount 11500 Date of Grant 2/2020 pregrant inquiry 2020 Final report 2021. No diversions to foundations knowledge Grantee Girls to Lead Africa Address Plot 16 Baragaine St Kihiihi Kanungu Uganda Grant Purpose Enhancing womens participation representation in leadership through nurturing and mentoring girl leaders in schools.Grant Amount 10000 Expenditure Responsibility Statement Part VIIB Line 5C Date of Grant 2/2020 pregrant inquiry 2020 Final report 2020. Some funds diverted to Covid relief as approved by foundation Grantee Gulu Persons Disabled Union Address PO Box 549 Gulu Uganda Grant Purpose Empowering PWDs to lead dignified lives. Providing wheelchairs complementary health services and econ empowerment activities. Grant Amount 11000 Date of Grant 2/2020 Pregrant inquiry 2019 Final Report 2020 No funds diverted Grantee Jifundishe Address PO Box 795 Usa River Tanzania Grant purpose Grant Purpose Support young women through independent study program incorporating Tanz curriculum with leadership programming Grant Amount 7500 Date of Grant 2/2020 Final report 2020 No funds diverted to foundations knowledge Grantee Katalemwa Cheshire Home Address PO Box 16548 Kampala Uganda Grant Purpose Fund 20 mobility appliances for YWD in Uganda Grant Amount 6000 Date of Grant 3/2020 Pregrant inquiry 2020 Final report 2020 No diversions Expenditure Responsibility Statement Part VIIB Line 5C Grantee The Action Foundation Address PO Box 5954100200 Nairobi Kenya Grant Purpose support children w/ disabilities and caregivers in Kibera re mobility device procurement physiotherapy education and econ empowerment. Grant Amount 10000 Date of Grant 3/2020 Pregrant inquiry 2020 Final report 2021 Some grant funding diverted to Covid relief with foundation approval. Child Support Tanzania Address Plot 63/65 Makanisani St Block T Mbeya City Tanzania Grant Purpose support inclusive education in CSTZ school Amount 10000 Pregrant inquiry 2019 Expenditure Responsibility Statement Part VIIB Line 5C Final Report 2021 No funds diverted to foundations knowledge. Young Strong Mothers Foundation Grant Purpose Fund sewing machines sewing marketing design mental health and counseling training for 20 teenage mothers. Grant Amount 7500 Pregrant 2019 Final Report 2020 No funds diverted. Omawa Grant Purpose Grandmothers econ empowerment via income generation Amount 5000 Expenditure Responsibility Statement Part VIIB Line 5C Pregrant inquiry 2019 Date of Grant 2/2020 Final Report 2021 No diversions ASCATED Purpose Support right to edu for CWD in rural Jalapa District Grant amt 5000 Pregrant inquiry 2020 Date of grant 3/2020 Final report 2021 No diversions. UNABU Purpose support women w/ disabilities Pre grant inquiry 2020 Grant amt 9000 Final Report 2021 Date of Grant 5/2020 some funds diverted for Covid relief w/ approval

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    The Arthur B Schultz Foundation
    EIN:
    95-3980014
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Publicly traded bonds 400,600 410,860

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Arthur B Schultz Foundation
    EIN:
    95-3980014
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Publicly traded stock 2,010,409 3,019,017

    TY 2020 InvestmentsLandSchedule2
    Name:
    The Arthur B Schultz Foundation
    EIN:
    95-3980014
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Lakeshore Drive Condo 593,586      
    Lakeshore Drive Condo Improvements 8,481      

    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Arthur B Schultz Foundation
    EIN:
    95-3980014
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Loan to Halogen Systems, Inc. AT COST 100,000 100,000
    CNote Investment AT COST 100,000 100,000
    Clearas AT COST 100,000 100,000
    Kachuwa Debt Fund AT COST 125,000 125,000
    Global Partnerships AT COST 250,000 250,000
    SustainVC AT COST 46,770 46,770
    Capria AT COST 79,594 79,594
    Sarona AT COST 159,591 159,591
    Peoria Recycling Plant AT COST 300,000 300,000

    TY 2020 LegalFeesSchedule
    Name:
    The Arthur B Schultz Foundation
    EIN:
    95-3980014
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes


    TY 2020 OtherAssetsSchedule
    Name:
    The Arthur B Schultz Foundation
    EIN:
    95-3980014
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Beneficial Returns 46,655 46,655 46,655
    WARC Group PRI 10,000    
    SIMA Off Grid Solar Fund 125,000 125,000 125,000
    Water Access Rwanda   22,900 22,900
    TEMA Nicaragua   15,013 15,013
    Imara Tech   10,254 10,254
    Loan Participation Whole Forest   22,442 22,442


    TY 2020 OtherExpensesSchedule
    Name:
    The Arthur B Schultz Foundation
    EIN:
    95-3980014
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank Fees 720 95   625
    Computer and Internet 1,131 113   1,018
    Dues and Subscriptions 822     822
    Maintenance and Repairs condo 93 93    
    Office Expense 1,096 110   986
    Professional Development 16,336     12,350
    Board Fees 3,000     3,000
    Telephone, Fax, Email 157 16   142
    Postage and Delivery 120     120
    Promotional Expense 450     450
    Partnership Fees Expenses 48,761 48,761    


    TY 2020 OtherIncomeSchedule2
    Name:
    The Arthur B Schultz Foundation
    EIN:
    95-3980014
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CNote interest income 2,559 2,559  
    Global Partnerships Interest Income 6,875 6,875  
    Kachuwa Impact Fund 1,678 1,678  
    SIMA Off Grid Solar Fund 8,790 8,790  
    Imara Tech 773 773  
    Beneficial Returns Whole Forest Participation 350 350  
    WARC Africa 583 583  
    Clearas 13,000 13,000  


    TY 2020 OtherIncreasesSchedule
    Name:
    The Arthur B Schultz Foundation
    EIN:
    95-3980014
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Amount
    Rounding 2


    TY 2020 OtherLiabilitiesSchedule
    Name:
    The Arthur B Schultz Foundation
    EIN:
    95-3980014
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Beginning of Year - Book Value End of Year - Book Value
    Payroll liabilities 2,234 2,375
    Capital One Visa 2,736 7,463
    Unrealized Loss on FX -1,987 -2,062


    TY 2020 OtherNotesLoansRcvblShortSch2
    Name:
    The Arthur B Schultz Foundation
    EIN:
    95-3980014
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Name of 501(c)(3) Organization Balance Due
    Clearas
          		13,000


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Arthur B Schultz Foundation
    EIN:
    95-3980014
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Nia Advisory Fees 4,088 4,088    
    3rd Creek Investments, Inc Advisory Fees 10,000 10,000    
    Sarona Investment Expense 2,426 2,426    


    TY 2020 OtherReceivablesOfficersSch
    Name:
    The Arthur B Schultz Foundation
    EIN:
    95-3980014
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Travel Advance to Officers:  



    TY 2020 SalesOfInventoryList 
    Name:
    The Arthur B Schultz Foundation
    EIN:
    95-3980014
    Software ID:
    20011406
    Software Version:
    20.0.2.0

    Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
    Cost of Goods Sold)

    TY 2020 SubstantialContributorsSch
    Name:
    The Arthur B Schultz Foundation
    EIN:
    95-3980014
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Name Address
    Arthur B Schultz 501 Lakeshore Blvd Unit 50
    Incline Village,NV89452


    TY 2020 TaxesSchedule
    Name:
    The Arthur B Schultz Foundation
    EIN:
    95-3980014
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tax on investment income 28,583      
    Foreign Tax 142 142