Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
Issachar Fund
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 6806
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Grand Rapids, MI49516
A Employer identification number

45-4025139
B Telephone number (see instructions)

(616) 818-1979
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$35,242,528J 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) 2,771,385
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,542 1,542 1,542
4 Dividends and interest from securities...      
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 608
b Gross sales price for all assets on line 6a 4,361
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications........... 38,182
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... 0    
12 Total. Add lines 1 through 11........ 2,773,535 1,542 39,724
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 256,853     256,853
14 Other employee salaries and wages...... 241,120     241,120
15 Pension plans, employee benefits....... 119,250     119,250
16a Legal fees (attach schedule)......... 2,326     2,326
b Accounting fees (attach schedule)....... 19,000     19,000
c Other professional fees (attach schedule).... 3,375     3,375
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 35,855     35,855
19 Depreciation (attach schedule) and depletion... Click to see attachment 6,186    
20 Occupancy.............. 48,933     48,933
21 Travel, conferences, and meetings....... 10,440     10,440
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,984,306 536   2,969,557
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,727,644 536   3,706,709
25 Contributions, gifts, grants paid....... 1,118,837 575,771
26 Total expenses and disbursements. Add lines 24 and 25 4,846,481 536   4,282,480
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,072,946
b Net investment income (if negative, enter -0-) 1,006
c Adjusted net income (if negative, enter -0-)... 39,724
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............. 80,641 137,944 137,944
2 Savings and temporary cash investments......... 2,543,646 1,061,745 1,061,745
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   0    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....   0  
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet     0  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 2,833 7,083 7,083
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 0    
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   0  
14 Land, buildings, and equipment: basis bullet130,921
Less: accumulated depreciation (attach schedule) bullet85,020 55,840 Click to see attachment45,901 45,901
15 Other assets (describe bullet) Click to see attachment34,004,056 Click to see attachment33,989,855 Click to see attachment33,989,855
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 36,687,016 35,242,528 35,242,528
Liabilities 17 Accounts payable and accrued expenses.......... 32,917 96,774
18 Grants payable................. 675,057 1,201,462
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe bullet) 0 0
23 Total liabilities (add lines 17 through 22)......... 707,974 1,298,236
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........... 35,979,042 33,487,981
25 Net assets with donor restrictions............   456,311
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)..... 35,979,042 33,944,292
30 Total liabilities and net assets/fund balances (see instructions). 36,687,016 35,242,528
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
35,979,042
2
Enter amount from Part I, line 27a .....................
2
-2,072,946
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
38,196
4
Add lines 1, 2, and 3 ..........................
4
33,944,292
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
33,944,292
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.)
1a
b
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
b
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
b
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  
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: 2015-01-20(attach copy of letter if necessary–see instructions)
b Reserved................................ 1 14
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 14
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 14
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
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: 0 7 0
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 14
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 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)
    bulletMI
    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
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    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.issacharfund.org
    14
    The books are in care ofbulletMary L Bosker Telephone no.bullet (616) 485-5734

    Located atbullet1531 146th AveDorrMI ZIP+4bullet49323
    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
     
     
    ........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
    Kurt O Berends President
    40.00     		181,730 39,175 0
    2148 Omena Dr SE
    Grand Rapids,MI49506
    James Blankemeyer Director
    1.00     		0 0 0
    190 Bay Pointe Dr
    Vonore,TN37885
    Michael Murray Director
    1.00     		3,000 0 0
    24420 Marsh Landing Parkway
    Ponte Vedra Beach,FL32082
    Jeff Schloss Director
    1.00     		3,000 0 0
    955 La Paz Road
    Santa Barbara,CA93108
    Sara Hohnstein Treas/Sec
    30.00     		75,123 6,616 0
    1443 Alexander St S
    Grand Rapids,MI49506
    Julie Bridenbaugh Director
    1.00     		0 0 0
    2095 Lakeside Center Way Ste 101
    Knoxville,TN37922
    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
    Michael Hamilton VP Programs
    40.00     		134,046 42,520 0
    1670 NW Silver St
    Bremerton,WA98311
    Total number of other employees paid over $50,000...................bullet 4
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 Consultations - Religious Literacy 48,970
    2 Science & Religion - Identity and Belief Formation - Sociology 311,063
    3 The Consequences of Formal Education For Science & Religion - Psychology 320,901
    4 Science & Religion - An Evolutionary Perspective Anthropology 2,062,288
    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
    0
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    0
    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
    0
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    0
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    0
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    0
    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
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    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
    0
    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
    4,282,480
    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
    4,282,480
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,282,480
    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 0
    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...... 0
    b From 2016...... 0
    c From 2017...... 1,299,444
    d From 2018...... 1,750,261
    e From 2019...... 5,812,489
    fTotal of lines 3a through e........ 8,862,194
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 4,282,480
    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)........     		0
    d Applied to 2020 distributable amount.....  
    e Remaining amount distributed out of corpus 4,282,480
    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 13,144,674
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		13,144,674
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 1,299,444
    c Excess from 2018.... 1,750,261
    d Excess from 2019.... 5,812,489
    e Excess from 2020.... 4,282,480
    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
    2015-01-20
    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
    0 19,288 75,836 855 95,979
    b 85% of line 2a ......... 0 16,395 64,461 727 81,583
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		4,282,480 5,812,489 1,750,261 1,299,444 13,144,674
    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 ....     		4,282,480 5,812,489 1,750,261 1,299,444 13,144,674
    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...     		    1,133,131 12,832 1,145,963
    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).)
    James Blankemeyer
    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:
    Kurt Berends
    949 Wealthy St SE Ste 203
    Grand Rapids,MI49506
    (616) 818-1979
    bThe form in which applications should be submitted and information and materials they should include:
    Available on www.Issachar.org
    cAny submission deadlines:
    Rolling deadlines
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Within the US, 501(c)3 status. Outside the US, equivalent tax exempt status
    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
    American Scientific Affiliation
    218 Boston St Ste 208
    Topsfield,MA019832210     		  PC COVID Gift 5,000
    The BioLogos Foundation
    3940 Peninsular Dr SE Ste 220
    Grand Rapids,MI49546     		  PC General SupportCovid 12,500
    CLAL - National Jewish Center
    440 Park Ave S 4th Floor
    New York,NY10016     		  PC Sinai and Synapses Fellowship 20,000
    RTM Ltd
    17 Kiel Avenue Ste 1
    Kinnelon,NJ07405     		  PC EntrepreneurialBootcamp 5,000
    John Fea
    17 Laurel Drive
    Mechanicsburg,PA17055     		  I Faith & Leadership& the Vulnerable Body 250
    Duke University
    PO Box 602651
    Charlotte,NC28260     		  PC Equipping Future ChristianThought Leaders in Academic Health Care Yr 1 48,850
    North Valley Community Foundation
    240 Main St Ste 260
    Chico,CA95928     		  PC Towards an Environmental Ethic of Fittingness 10,000
    Friends of Faraday USA
    300 W Hawthrone Rd
    Spokane,WA99251     		  PC COVID gift 7,500
    Seattle Pacific University
    3307 3rd Ave W
    Seattle,WA98119     		  PC Scholar's Retreat- Andrew Ryder 10,000
    GLI Institute
    Sunrise Estate 13A Naalya-Kampala
      Uganda  
    UG     		  PC Katongle - Bruce Buursma project 4,500
    Center for Early African Christianity Inc
    616 Prospect Street
    New Haven,CT06511     		  PC Sanneh Institute Planning Grant 25,000
    Joel A Carpenter
    2331 Okemos Dr SE
    Grand Rapids,MI49506     		  I Kwame Bediakoand the Changing Centerof World Christianity 13,000
    Wayne State University
    4809 Woodward Ave
    Detroit,MI48201     		  PC Religion &Polarization 16,000
    Yale Divinity School
    409 Prospect Street
    New Haven,CT06511     		  PC Dr. JenningsCreation Book Grant 91,767
    Duke University
    PO Box 602651
    Charlotte,NC28260     		  PC Faith & Leadership 125,000
    Bethany College
    335 East Swensson St
    Lindsborg,KS67456     		  PC Bioenhancement Technologies& the Vulnerable Body 11,653
    University of Edinburgh
    45 Rockefeller Plaza Suite 2000
    New York,NY10111     		  PC Theology of the Quantum World 169,751
    Total .................................bullet 3a 575,771
    bApproved for future payment
    Duke Divinity School
    Campus Box 90968
    Durham,NC27708     		  PC Factors Reducing Bias in Religious People 50,000
    Duke University
    PO Box 602651
    Charlotte,NC28260     		  PC Equipping Future ChristianThought Leaders in Academic Health Care 251,150
    University of Edinburgh
    45 Rockefeller Plaza Suite 2000
    New York,NY10111     		  PC Loyalty & Fidelity 168
    John Templeton Foundation
    300 Conshohocken State Rd Ste 500
    West Conshohocken,PA19428     		  PC McShea Trade Off 25,000
    Americans for Oxford
    500 5th Avenue 32nd Floor
    New York,NY10110     		  PC Peter HarrisonScholarships in Science and Religion (second series) 59,000
    Americans for Oxford
    500 5th Avenue 32nd Floor
    New York,NY10110     		  PC Simplicity Bias 327,739
    Rutgers University
    106 Somerset St 5th Floor
    New Brunswick,NJ08901     		  PC Dean Zimmerman ProjectHow Can We Know God 240,300
    Joel A Carpenter
    2331 Okemos Dr SE
    Grand Rapids,MI49506     		  I Kwame Bediakoand the Changing Centerof World Christianity 39,296
    Total .................................bullet 3b 992,653
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 1,542  
    4 Dividends and interest from securities....          
    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 ............     		541700 608 13 608 0
    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).. 608 2,150 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,758
    (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.)
    3 Interest income was held and used for charitable purposes.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  
    Part VI Line 7 - Tax Paid with the Original Return: 0


    Form 990PF - Special Condition Description:
    Special Condition Description

    Form 990PF Part XV Line 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
    American Scientific Affiliation218 Boston St Ste 208
    Topsfield,MA019832210     		  PC COVID Gift 5,000
    The BioLogos Foundation3940 Peninsular Dr SE Ste 220
    Grand Rapids,MI49546     		  PC General SupportCovid 12,500
    CLAL - National Jewish Center440 Park Ave S 4th Floor
    New York,NY10016     		  PC Sinai and Synapses Fellowship 20,000
    RTM Ltd17 Kiel Avenue Ste 1
    Kinnelon,NJ07405     		  PC EntrepreneurialBootcamp 5,000
    John Fea17 Laurel Drive
    Mechanicsburg,PA17055     		  I Faith & Leadership& the Vulnerable Body 250
    Duke UniversityPO Box 602651
    Charlotte,NC28260     		  PC Equipping Future ChristianThought Leaders in Academic Health Care Yr 1 48,850
    North Valley Community Foundation240 Main St Ste 260
    Chico,CA95928     		  PC Towards an Environmental Ethic of Fittingness 10,000
    Friends of Faraday USA300 W Hawthrone Rd
    Spokane,WA99251     		  PC COVID gift 7,500
    Seattle Pacific University3307 3rd Ave W
    Seattle,WA98119     		  PC Scholar's Retreat- Andrew Ryder 10,000
    GLI InstituteSunrise Estate 13A Naalya-Kampala
      Uganda  
    UG     		  PC Katongle - Bruce Buursma project 4,500
    Center for Early African Christianity Inc616 Prospect Street
    New Haven,CT06511     		  PC Sanneh Institute Planning Grant 25,000
    Joel A Carpenter2331 Okemos Dr SE
    Grand Rapids,MI49506     		  I Kwame Bediakoand the Changing Centerof World Christianity 13,000
    Wayne State University4809 Woodward Ave
    Detroit,MI48201     		  PC Religion &Polarization 16,000
    Yale Divinity School409 Prospect Street
    New Haven,CT06511     		  PC Dr. JenningsCreation Book Grant 91,767
    Duke UniversityPO Box 602651
    Charlotte,NC28260     		  PC Faith & Leadership 125,000
    Bethany College335 East Swensson St
    Lindsborg,KS67456     		  PC Bioenhancement Technologies& the Vulnerable Body 11,653
    University of Edinburgh45 Rockefeller Plaza Suite 2000
    New York,NY10111     		  PC Theology of the Quantum World 169,751
    Total ...............................bullet 3a 575,771
    bApproved for future payment
    Duke Divinity SchoolCampus Box 90968
    Durham,NC27708     		  PC Factors Reducing Bias in Religious People 50,000
    Duke UniversityPO Box 602651
    Charlotte,NC28260     		  PC Equipping Future ChristianThought Leaders in Academic Health Care 251,150
    University of Edinburgh45 Rockefeller Plaza Suite 2000
    New York,NY10111     		  PC Loyalty & Fidelity 168
    John Templeton Foundation300 Conshohocken State Rd Ste 500
    West Conshohocken,PA19428     		  PC McShea Trade Off 25,000
    Americans for Oxford500 5th Avenue 32nd Floor
    New York,NY10110     		  PC Peter HarrisonScholarships in Science and Religion (second series) 59,000
    Americans for Oxford500 5th Avenue 32nd Floor
    New York,NY10110     		  PC Simplicity Bias 327,739
    Rutgers University106 Somerset St 5th Floor
    New Brunswick,NJ08901     		  PC Dean Zimmerman ProjectHow Can We Know God 240,300
    Joel A Carpenter2331 Okemos Dr SE
    Grand Rapids,MI49506     		  I Kwame Bediakoand the Changing Centerof World Christianity 39,296
    Total ................................bullet 3b 992,653
    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
    Issachar Fund
     
    Employer identification number

    45-4025139
    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
    Issachar Fund
          		Employer identification number
    45-4025139
    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
    National Christian Foundation
     
    11625 Rainwater Dr Ste 500
     
    Alpharetta, GA30009

    		$ 1,742,718


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Templeton Religious Trust
     
    PO Box N-7776 Bayside Executive Par
     
    Nassau Bahamas,     BF

    		$ 1,056,734


    (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
    Issachar Fund
          		Employer identification number

    45-4025139
    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
    Issachar Fund
          		Employer identification number

    45-4025139
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

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

    TY 2020 DepreciationSchedule
    Name:
    Issachar Fund
    EIN:
    45-4025139
    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
    Lake Effect Gallery Art Work 2013-01-09 2,000 989 200DB 7.000000000000 11      
    MacBook Air 1-14-13 2013-01-14 1,459 729 200DB 5.000000000000 0      
    Dana's Computer 2013-10-17 1,816 908 200DB 5.000000000000 0      
    Murray Johnston Quilt - Art Work 2013-10-28 2,100 970 200DB 7.000000000000 80      
    MacBook Pro 2012-04-10 2,359 1,179 200DB 5.000000000000 0      
    Office Furniture 2012-07-02 34,683 17,341 200DB 7.000000000000 0      
    Server 2012-09-07 2,084 1,042 200DB 5.000000000000 0      
    Book Cases 2012-09-30 5,890 2,945 200DB 7.000000000000 0      
    CCB Sara M's computer 2014-01-29 1,636 818 200DB 5.000000000000 0      
    WorkSquared - office to fit Sara M 2015-02-12 4,409 2,077 200DB 5.000000000000 127      
    Treadmill desk 2015-04-27 1,431 674 200DB 5.000000000000 41      
    Furniture & set up WR Holland 2015-09-01 32,246 12,526 200DB 7.000000000000 719      
    Garage door - WR Holland 2015-10-31 4,056 3,151 200DB 7.000000000000 181      
    MacBook Pro (SH) + Air (KB) 2015-06-23 6,136 2,891 200DB 5.000000000000 177      
    Wealthy St Build Out 2016-10-01 62,288 12,977 SL 15.000000000000 4,153      
    Phone system 2016-12-15 3,501 1,391 200DB 5.000000000000 191      
    Macatawa Tech Server 2016-12-31 1,958 778 200DB 5.000000000000 107      
    WR Holland Furniture 2016-12-31 1,142 370 200DB 7.000000000000 50      
    MH Computer Equip 2016-07-15 2,774 1,133 200DB 5.000000000000 156      
    Camera 2017-01-31 1,499 421 200DB 7.000000000000 94      
    Macbook 5-3-17 2017-05-03 1,724 614 200DB 5.000000000000 99      
    Computers - SH, DS, KB 2019-05-16 6,665 0 200DB 5.000000000000 0      

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

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    Issachar Fund
    EIN:
    45-4025139
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    MacBook Air 1-14-13 2013-01   2020-12   0 729     0 729
    Dana's Computer 2013-10   2020-12   0 908     0 908
    MacBook Pro 2012-04   2020-12   0 1,179     0 1,179
    Server 2012-09   2020-12   0 1,042     0 1,042
    CCB Sara M's computer 2014-01   2020-12   0 818     0 818
    Furniture & set up WR Holland 2015-09   2020-12   3,486 16,123     608 13,245
    Garage door - WR Holland 2015-10   2020-12   724 4,056     0 3,332
    MacBook Pro (SH) + Air (KB) 2015-06   2020-12   0 3,068     0 3,068
    WR Holland Furniture 2016-12   2020-12   151 571   0 0 420

    TY 2020 LandEtcSchedule2
    Name:
    Issachar Fund
    EIN:
    45-4025139
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 52,011 51,778 233  
    Technology 16,622 16,112 510  
    Office Build Out 62,288 17,130 45,158  


    TY 2020 OtherAssetsSchedule
    Name:
    Issachar Fund
    EIN:
    45-4025139
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Stock Held 33,999,486 33,985,285 33,985,285
    Security Deposits 4,570 4,570 4,570


    TY 2020 OtherExpensesSchedule
    Name:
    Issachar Fund
    EIN:
    45-4025139
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank Service Charges 536 536    
    Board Stipends 6,000     6,000
    Direct Charitable Activities 2,911,813     2,911,813
    Hospitality 3,069     3,069
    Information Technology 30,926     30,926
    Insurance 6,532     6,532
    Licenses, Dues & Subscriptions 2,021     2,021
    Office Cleaning 2,916     2,916
    Office Supplies 1,674     1,674
    Payroll Fees 441     441
    Postage 364     364
    Professional Development 1,693     1,693
    Reference Material 2,108     2,108
    Partnership K-1 Loss 14,213      


    TY 2020 OtherIncreasesSchedule
    Name:
    Issachar Fund
    EIN:
    45-4025139
    Description Amount
    Grant Refund Received 38,182
    Excise Tax 14


    TY 2020 TaxesSchedule
    Name:
    Issachar Fund
    EIN:
    45-4025139
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll Taxes 35,855     35,855