Nimick Forbesway Foundation C/O Charles Lh Nimick — Form 990PF, tax year 2020

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- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
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Go 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 07-01-2020 , and ending 06-30-2021

Name of foundation
NIMICK FORBESWAY FOUNDATION
C/O CHARLES LH NIMICK

Number and street (or P.O. box number if mail is not delivered to street address)501 GRANT STREET NO 200
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA15219

A Employer identification number

25-1597437

B Telephone number (see instructions)

(412) 562-1843

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$31,808,372J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	97,869		97,869
4	Dividends and interest from securities...	363,131		363,131
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,143,603
b	Gross sales price for all assets on line 6a 8,272,989
7	Capital gain net income (from Part IV, line 2)...			1,143,603
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	1,604,603		1,604,603
13	Compensation of officers, directors, trustees, etc.	87,305		11,221	76,084
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		152,121	119,721	32,400
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		21,836	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	2,672		0	2,672
22	Printing and publications..........
23	Other expenses (attach schedule).......		2,925	0	2,925
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	266,859		130,942	114,081
25	Contributions, gifts, grants paid.......	1,081,000			1,081,000
26	Total expenses and disbursements. Add lines 24 and 25	1,347,859		130,942	1,195,081
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	256,744
b	Net investment income (if negative, enter -0-)			1,473,661
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	1,345,354	645,106	645,106
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	718,406	541,730	668,217
	b	Investments—corporate stock (attach schedule).......	17,971,264	19,090,178	30,495,049
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	20,035,024	20,277,014	31,808,372
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	14,554,273	14,539,519
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	5,480,751	5,737,495
	29	Total net assets or fund balances (see instructions).....	20,035,024	20,277,014
	30	Total liabilities and net assets/fund balances (see instructions).	20,035,024	20,277,014

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

20,035,024

Enter amount from Part I, line 27a .....................

256,744

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

20,291,768

Decreases not included in line 2 (itemize) bullet

14,754

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

20,277,014

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	ROYAL DUTCH SHELL	P	2020-04-30	2020-07-07
b	FACEBOOK INC.	P	2020-03-23	2020-07-07
c	ELECTRONIC ARTS INC.	P	2018-11-14	2020-07-07
d	ALPHABET INC.	P	2018-10-26	2020-07-07
e	APPLE	P	2009-11-09	2020-07-07
	O'REILLY AUTO PARTS	P	2020-05-20	2020-07-07
	OTIS WORLDWIDE CORP	P	2020-03-10	2020-07-07
	CARRIER GLOBAL CORP	P	2016-02-03	2020-07-07
	AMGEN INC.	P	2019-05-09	2020-07-07
	ALPHABET INC.	P	2018-09-13	2020-07-13
	ELECTRONIC ARTS INC.	P	2018-11-14	2020-07-15
	ALPHABET INC.	P	2018-10-26	2020-07-15
	MCKESSON CORP	P	2019-09-03	2020-07-15
	QUALCOMM INC.	P	2020-04-21	2020-07-15
	AMERISOURCEBERGEN CORP	P	2019-05-17	2020-07-15
	ORACLE CORP	P	2020-03-10	2020-07-15
	NEWPORT CORP	P	2020-06-08	2020-07-15
	ABBVIE INC.	P	2020-03-02	2020-07-16
	BANK OF AMERICA	P	2019-11-21	2020-07-21
	CHAMPLAIN MID CAP	P	2020-01-06	2020-07-21
	INTEL CORP	P	2019-11-21	2020-07-29
	INDUSTRIES HOLDINGS INC.	P	2020-05-01	2020-08-13
	CORNING INC.	P	2018-12-27	2020-08-13
	KINDER MORGAN INC	P	2020-05-08	2020-09-18
	MICRON TECHNOLOGY	P	2020-06-24	2020-09-23
	UNION PACIFIC CORP	P	2020-06-08	2020-09-24
	JP MORGAN 2.55%	P	2019-11-21	2020-09-29
	ISHARES GOLD TRUST	P	2015-07-17	2020-10-19
	BANK OF AMERICA	P	2018-12-13	2020-10-27
	MICRON TECHNOLOGY	P	2020-06-24	2020-10-27
	INTEL CORP	P	2020-07-24	2020-11-03
	ISHARES CORE S&P 500 ETF	P	2020-10-28	2020-11-04
	MICRON TECHNOLOGY	P	2020-08-13	2020-11-11
	CORNING INC.	P	2018-12-27	2020-11-11
	CISCO SYSTEMS INC	P	2020-06-19	2020-11-11
	REPUBLIC SERVICE INC.	P	2020-03-17	2020-11-11
	CENTENE CORP	P	2020-06-24	2020-11-11
	AMGEN INC.	P	2019-05-17	2020-11-12
	ISHARES MSCI EAFE SM CAP ETF	P	2020-06-09	2020-11-17
	BNYMELLON GLOBAL EMERGING MKTS	P	2016-12-22	2020-11-19
	BNYMELLON INT'L SM CAP -Y	P	2016-12-27	2020-11-19
	DISCOVERY INC.	P	2020-03-10	2020-11-18
	PNC FINANCIAL SERVICES GROUP	P	2020-07-23	2020-11-19
	CISCO SYSTEMS INC	P	2020-05-08	2020-11-19
	AMERICAN INTERNATIONAL GROUP	P	2020-04-30	2020-11-19
	TRUIST FINL CORP.	P	2020-03-18	2020-11-19
	CORNING INC.	P	2019-01-03	2020-11-24
	MICRON TECHNOLOGY	P	2020-08-13	2020-11-24
	DISCOVERY INC.	P	2020-03-23	2020-11-25
	CISCO SYSTEMS INC	P	2020-05-08	2020-11-30
	INTEL CORP	P	2019-05-13	2020-11-30
	BNYMELLON SEL MGR SM CAP VALUE	P	2018-02-08	2020-12-02
	PARNASSUS MID CAP FUND	P	2020-03-10	2020-12-02
	ELECTRONIC ARTS INC.	P	2020-10-30	2020-12-03
	BNYMELLON INFLATION ADJ	P	2015-11-05	2020-12-18
	CIENA CORP	P	2020-10-30	2020-12-24
	BNYMELLON GLOBAL EMERGING MKTS	P	2016-12-22	2021-01-05
	JUNIPER NETWORKS INC.	P	2020-11-03	2021-01-06
	AMERICAN HONDA FINL 3.15%	P	2019-11-21	2021-01-08
	CORNING INC.	P	2016-05-05	2021-01-08
	MICRON TECHNOLOGY	P	2020-04-21	2021-01-08
	AMERICAN INTERNATIONAL GROUP	P	2020-04-28	2021-01-08
	ORACLE CORP	P	2018-10-26	2021-01-08
	HORIZON THERAPEUTICS	P	2020-11-16	2021-01-08
	TRUIST FINL CORP.	P	2020-03-18	2021-01-08
	LUMENTUM HLDGS INC.	P	2020-09-03	2021-01-08
	UNION PACIFIC CORP	P	2020-06-08	2021-01-08
	EATON CORP.	P	2020-12-01	2021-01-08
	APPLE INC.	P	2020-11-12	2021-01-08
	NETFLIX COM INC.	P	2020-11-30	2021-01-22
	IBM CORP.	P	2020-10-20	2021-01-25
	ALPHABET INC.	P	2015-04-17	2021-02-05
	PFIZER INC.	P	2020-06-24	2021-02-05
	AMERICAN INTERNATIONAL GROUP	P	2020-04-28	2021-02-05
	RAYTHEON TECH.	P	2020-03-10	2021-02-05
	MICROSOFT	P	2020-12-14	2021-02-05
	MICRON TECHNOLOGY	P	2020-04-21	2021-02-08
	VIATRIS INC.	P	2020-03-23	2021-02-08
	APPLE INC.	P	2020-11-12	2021-02-01
	BNYMELLON SEL S/C VALUE	P	2020-06-22	2021-02-16
	BNYMELLON INT'L SM CAP	P	2016-12-27	2021-02-16
	F&T BHVRL SMALL CAP	P	2020-06-09	2021-02-16
	REPUBLIC SERVICE INC.	P	2020-03-17	2021-02-17
	ISHARES MSCI EAFE SM CAP ETF	P	2019-01-10	2021-02-17
	RAYTHEON TECH.	P	2020-06-02	2021-02-17
	LOCKHEAD MARTIN CORP	P	2020-06-24	2021-02-17
	BERKSHIRE HATHAWAY CL B	P	2018-12-11	2021-02-17
	PNC FINANCIAL SERVICES GROUP	P	2020-07-23	2021-02-25
	BANK OF AMERICA CORP	P	2020-03-10	2021-02-25
	SPDR S&P DIV ETF	P	2020-08-13	2021-02-25
	DOW INC.	P	2019-02-15	2021-02-25
	CORNING INC.	P	2016-05-05	2021-02-25
	PNC FINANCIAL SERVICES GROUP	P	2020-07-23	2021-02-26
	BANK OF AMERICA CORP	P	2020-03-10	2021-02-26
	TRUIST FINL CORP.	P	2020-03-18	2021-02-26
	ISHARES MSCI EAFE SM CAP ETF	P	1969-01-10	2021-02-26
	DICKS SPORTING GOODS INC.	P	2020-12-23	2021-02-26
	DOW INC.	P	2016-06-27	2021-03-01
	RAYTHEON TECH.	P	2016-02-03	2021-03-01
	WELLS FARGO & CO. 3.5%	P	2020-05-12	2021-03-02
	BNYMELLON SMALL CAP VALUE	P	2018-12-31	2021-03-04
	BNYMELLON GLOBAL EMERGING MKTS	P	2016-12-22	2021-03-09
	ORACLE CORP	P	2018-10-26	2021-03-10
	BNYMELLON SMALL CAP VALUE	P	2018-12-31	2021-03-12
	BNYMELLON OPP SMALL CAP - Y	P	2019-06-25	2021-03-12
	BNYMELLON GLOBAL EMERGING MKTS	P	2016-12-22	2021-03-12
	F&T BHVRL SMALL CAP	P	2020-03-02	2021-03-12
	HOTCHKIS & WILEY HY	P	2019-06-27	2021-03-12
	PARNASSUS MID CAP FUND	P	2020-03-10	2021-03-12
	BOSTON	P	2018-09-26	2021-03-12
	CHAMPLAIN MID CAP	P	2020-03-02	2021-03-12
	VAN ECK CM COMMODITY INDEX	P	2019-04-24	2021-03-15
	PNC FINANCIAL SERVICES GROUP	P	2020-09-29	2021-03-15
	SPDR S&P DIV ETF	P	2020-08-13	2021-03-15
	EATON CORP.	P	2020-12-01	2021-03-15
	BERKSHIRE HATHAWAY CL B	P	2018-12-11	2021-03-15
	ALPHABET INC. CL.A	P	2015-04-17	2021-03-15
	BIOGEN INC.	P	2020-04-01	2021-03-15
	ALPHABET INC. CL.A	P	2015-04-17	2021-03-15
	MICRON TECHNOLOGY	P	2020-04-21	2021-03-15
	TRUIST FINL CORP.	P	2020-03-18	2021-03-15
	BANK OF AMERICA CORP	P	2020-03-10	2021-03-15
	RAYTHEON TECH.	P	2016-02-03	2021-03-15
	EXXON MOBIL CORP.	P	2020-04-03	2021-03-15
	HOTCHKIS & WILEY HY	P	2019-06-11	2021-03-16
	361 GLOBAL LONG/SHORT	P	2020-12-02	2021-03-16
	HOTCHKIS & WILEY HY	P	2019-06-11	2021-03-17
	NEUBERGER BERMAN LONG / SHORT	P	2018-10-08	2021-03-17
	BOSTON	P	2017-11-24	2021-03-17
	SPDR S&P DIV ETF	P	2020-08-13	2021-03-29
	BNYMELLON INT'L SM CAP	P	2019-01-02	2021-03-31
	BNYMELLON INT'L EQUITY-Y	P	2020-06-09	2021-03-31
	PRINCIPAL PREFERRED SEC.	P	2020-07-21	2021-04-08
	BANK OF AMERICA CORP	P	2020-03-10	2021-04-13
	AMAZON COM	P	2020-12-01	2021-04-13
	NETFLIX COM INC.	P	2020-11-30	2021-04-15
	ISHARES 20+ TREASURY BOND ETF	P	2021-02-23	2021-04-26
	ALPHABET INC. CL.A	P	2021-03-25	2021-04-30
	FACEBOOK INC.	P	2020-12-01	2021-04-30
	VIATRIS INC.	P	2020-06-24	2020-11-25
	COLGATE-PALMOLIVE CO.	P	2020-04-30	2021-06-10
	KROGER CO.	P	2020-09-09	2021-06-10
	BIOGEN INC.	P	2020-10-29	2021-06-10
	CAPITAL ONE FINANCIAL CORP	P	2020-09-18	2020-09-18
	GLAXOSMITHKLINE CAPITAL 3.125%	P	2019-06-19	2020-10-13
	RAYTHEON CO. 3.125%	P	2018-11-13	2020-10-15
	ACE INA HOLDINGS	P	2017-01-04	2020-11-03
	PEPSICO INC	P	2017-07-27	2020-11-01
	WALT DISNEY CO	P	2013-01-28	2020-12-04
	MARATHON PETROLEUM CORP	P	2019-02-05	2020-12-22
	PRAXIR INC.	P	2017-03-30	2020-12-15
	RAYTHEON TECHNOLOGIES CORP	P	2017-12-21	2020-12-22
	TEXAS INSTRUMENTS	P	2016-04-29	2020-12-04
	TYSON FOODS	P	2020-04-17	2020-12-22
	VERIZON COMMUNICATIONS	P	2009-04-07	2020-12-04
	JOHN DEERE CAP CORP. 2.35%	P	2019-06-19	2021-01-08
	EATON VANCE GLOBAL MACRO	P	2017-12-21	2021-01-04
	361 GLOBAL LONG/SHORT	P	2020-04-17	2021-01-04
	361 GLOBAL LONG/SHORT	P	2020-04-17	2021-01-26
	AMERICAN EXPRESS CO.3%	P	2019-06-20	2021-02-10
	AMERICAN HONDA FINL 2.65%	P	2019-02-05	2021-02-12
	CATERPILLAR FINL SERVICES 2.65%	P	2020-10-21	2021-05-17
	US TREASURY 2.5%	P	2020-01-03	2020-12-31
	US TREASURY 2.75%	P	2019-06-26	2020-09-30
	LAS VEGAS SANDS	P	2020-10-28	2021-06-29
	ISHARES COMEX GOLD TR	P	2020-07-31	2020-12-31
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	31,031	31,999	-968
b	19,758	12,014	7,744
c	13,696	8,584	5,112
d	15,169	10,757	4,412
e	11,325	857	10,468
	42,695	40,734	1,961
	25,633	20,970	4,663
	21,507	13,986	7,521
	15,480	10,303	5,177
	23,010	17,493	5,517
	27,684	17,168	10,516
	15,152	10,757	4,395
	61,355	54,969	6,386
	64,854	54,326	10,528
	51,052	38,900	12,152
	28,260	24,193	4,067
	24,836	22,160	2,676
	24,821	21,417	3,404
	50,000	50,096	-96
	132,360	122,627	9,733
	50,000	50,245	-245
	69,819	52,975	16,844
	45,413	41,992	3,421
	19,502	22,718	-3,216
	35,091	33,942	1,149
	29,342	27,208	2,134
	50,000	50,278	-278
	57,887	34,686	23,201
	42,842	43,938	-1,096
	25,974	23,652	2,322
	52,891	60,133	-7,242
	102,680	98,845	3,835
	17,010	13,946	3,064
	14,344	11,798	2,546
	19,535	22,709	-3,174
	30,705	24,044	6,661
	27,929	25,007	2,922
	42,485	30,631	11,854
	95,263	84,260	11,003
	43,344	23,130	20,214
	40,290	38,190	2,100
	60,780	58,023	2,757
	26,003	21,503	4,500
	20,546	21,753	-1,207
	15,249	10,219	5,030
	13,989	8,794	5,195
	22,369	17,010	5,359
	18,985	13,946	5,039
	42,618	28,688	13,930
	85,061	85,411	-350
	48,090	44,388	3,702
	49,740	44,878	4,862
	78,260	63,880	14,380
	64,191	60,302	3,889
	145,476	132,812	12,664
	36,903	27,055	9,848
	54,660	25,700	28,960
	26,983	24,286	2,697
	50,000	50,742	-742
	11,004	5,514	5,490
	23,179	13,108	10,071
	16,000	9,998	6,002
	18,766	14,214	4,552
	29,859	28,465	1,394
	17,459	10,260	7,199
	40,865	30,840	10,025
	31,403	27,208	4,195
	25,089	24,172	917
	19,126	17,879	1,247
	28,605	24,468	4,137
	39,457	35,297	4,160
	31,143	13,436	17,707
	34,789	30,639	4,150
	46,692	29,771	16,921
	21,162	19,596	1,566
	24,332	21,466	2,866
	7,915	4,230	3,685
	5,602	4,004	1,598
	14,985	13,111	1,874
	52,128	37,655	14,473
	30,860	25,414	5,446
	36,949	27,786	9,163
	9,112	8,015	1,097
	36,122	27,380	8,742
	14,512	12,666	1,846
	20,263	21,653	-1,390
	24,234	20,393	3,841
	17,341	10,752	6,589
	21,282	14,069	7,213
	22,586	19,573	3,013
	31,085	26,447	4,638
	56,458	27,208	29,250
	17,883	10,752	7,131
	14,481	9,379	5,102
	21,138	10,260	10,878
	72,057	54,759	17,298
	37,426	28,000	9,426
	91,537	67,856	23,681
	45,972	34,992	10,980
	43,413	43,655	-242
	23,248	15,471	7,777
	21,800	10,280	11,520
	29,039	18,911	10,128
	15,310	9,285	6,025
	15,564	10,084	5,480
	46,009	20,795	25,214
	36,150	25,110	11,040
	22,860	23,360	-500
	33,000	25,543	7,457
	61,920	67,518	-5,598
	26,380	18,597	7,783
	21,640	19,320	2,320
	26,531	16,050	10,481
	23,522	19,573	3,949
	13,942	12,086	1,856
	31,374	24,239	7,135
	10,583	5,822	4,761
	26,772	29,308	-2,536
	10,507	2,679	7,828
	17,876	8,460	9,416
	23,504	11,725	11,779
	14,873	9,379	5,494
	30,860	17,404	13,456
	49,323	34,187	15,136
	38,828	39,582	-754
	209,107	200,000	9,107
	45,640	46,560	-920
	33,300	29,131	4,169
	49,600	53,653	-4,053
	70,068	58,720	11,348
	168,639	132,506	36,133
	249,043	200,000	49,043
	103,785	100,000	3,785
	7,941	4,690	3,251
	67,059	62,807	4,252
	55,090	49,581	5,509
	140,159	140,840	-681
	23,740	20,334	3,406
	9,256	8,604	652
	3	3	0
	24,897	21,159	3,738
	39,215	35,795	3,420
	59,039	37,172	21,867
	109,376	151,327	-41,951
	101,707	101,794	-87
	175,000	174,942	58
	100,000	100,324	-324
	100,000	104,143	-4,143
	137,751	48,933	88,818
	54,490	91,245	-36,755
	50,976	51,342	-366
	112,281	128,476	-16,195
	164,997	57,740	107,257
	94,802	97,307	-2,505
	24,603	11,958	12,645
	150,000	150,585	-585
	50,000	50,699	-699
	100,000	93,964	6,036
	452,362	406,036	46,326
	150,000	151,680	-1,680
	100,000	99,477	523
	100,000	101,354	-1,354
	75,000	75,656	-656
	100,000	101,020	-1,020
	30,732	28,534	2,198
	260	160	100
	35,458		35,458

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			-968
b			7,744
c			5,112
d			4,412
e			10,468
			1,961
			4,663
			7,521
			5,177
			5,517
			10,516
			4,395
			6,386
			10,528
			12,152
			4,067
			2,676
			3,404
			-96
			9,733
			-245
			16,844
			3,421
			-3,216
			1,149
			2,134
			-278
			23,201
			-1,096
			2,322
			-7,242
			3,835
			3,064
			2,546
			-3,174
			6,661
			2,922
			11,854
			11,003
			20,214
			2,100
			2,757
			4,500
			-1,207
			5,030
			5,195
			5,359
			5,039
			13,930
			-350
			3,702
			4,862
			14,380
			3,889
			12,664
			9,848
			28,960
			2,697
			-742
			5,490
			10,071
			6,002
			4,552
			1,394
			7,199
			10,025
			4,195
			917
			1,247
			4,137
			4,160
			17,707
			4,150
			16,921
			1,566
			2,866
			3,685
			1,598
			1,874
			14,473
			5,446
			9,163
			1,097
			8,742
			1,846
			-1,390
			3,841
			6,589
			7,213
			3,013
			4,638
			29,250
			7,131
			5,102
			10,878
			17,298
			9,426
			23,681
			10,980
			-242
			7,777
			11,520
			10,128
			6,025
			5,480
			25,214
			11,040
			-500
			7,457
			-5,598
			7,783
			2,320
			10,481
			3,949
			1,856
			7,135
			4,761
			-2,536
			7,828
			9,416
			11,779
			5,494
			13,456
			15,136
			-754
			9,107
			-920
			4,169
			-4,053
			11,348
			36,133
			49,043
			3,785
			3,251
			4,252
			5,509
			-681
			3,406
			652
			0
			3,738
			3,420
			21,867
			-41,951
			-87
			58
			-324
			-4,143
			88,818
			-36,755
			-366
			-16,195
			107,257
			-2,505
			12,645
			-585
			-699
			6,036
			46,326
			-1,680
			523
			-1,354
			-656
			-1,020
			2,198
			100
			35,458

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,143,603
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 ...................		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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	20,484
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	20,484
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	20,484
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	13,720
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	13,720
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	6,764
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

WWW.NIMICKFORBESWAYFOUNDATION.ORG

The books are in care of bullet

CHARLES L H NIMICK Telephone no. bullet

(412) 562-1843

Located at bullet

UNION TRUST BUILDING 501 GRANTSTREET SUITE 200PITTSBURGHPA ZIP+4 bullet

15219

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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-)
CHARLES LH NIMICK	DIRECTOR/CHAIRMAN 2.00	0
3096 WINDSONG DRIVE OAKTON,VA22124	DIRECTOR/CHAIRMAN 2.00	0
VICTORIA NIMICK ENRIGHT	DIRECTOR/VICE-CHAIRMAN 0.50	0
605 SOUTH SHORE DRIVE MADISON,WI53715	DIRECTOR/VICE-CHAIRMAN 0.50	0
CATHLEEN LOCKHART NIMICK	DIRECTOR/VICE-CHAIRMAN 0.50	0
311 EASTERN AVENUE PITTSBURGH,PA15215	DIRECTOR/VICE-CHAIRMAN 0.50	0
HAYLEY LITTLE	EXECUTIVE DIRECTOR 20.00	74,805
501 GRANT STREET SUITE 200 PITTSBURGH,PA15219	EXECUTIVE DIRECTOR 20.00	74,805
WILLIAM C AUSTIN	TRUSTEE 0.50	0
105 EAST 37TH STREET APT 4B NEW YORK,NY10016	TRUSTEE 0.50	0
KIMBERLY H TILGHMAN	TRUSTEE 1.00	12,500
1001 LIBERTY AVENUE SUITE 1150 PITTSBURGH,PA15222	TRUSTEE 1.00	12,500

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

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
PNC BANK NA HAWTHORN	INVESTMENT MANAGEMENT	84,072
1600 MARKET STREET 29TH FL PHILADELPHIA,PA19103	INVESTMENT MANAGEMENT	84,072

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	THE MISSION OF THE NIMICK FORBESWAY FOUNDATION IS TO BETTER THE HUMAN CONDITION IN THE FIELDS OF RELIGION, EDUCATION, HEALTHCARE, THE ARTS AND THE ENVIRONMENT, IN A MANNER CONSISTENT WITH THE PHILANTHROPIC PRINCIPLES OF TWO PROGENITORS OF THE NIMICK FAMILY: THOMAS MARSHALL HOWE AND CHARLES LOCKHART.	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


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

27,835,354

Average of monthly cash balances.......................

1,175,055

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

29,010,409

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

29,010,409

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

435,156

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

28,575,253

Minimum investment return. Enter 5% of line 5..................

1,428,763

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.)

Minimum investment return from Part X, line 6....................

1,428,763

Tax on investment income for 2020 from Part VI, line 5......

20,484

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

20,484

Distributable amount before adjustments. Subtract line 2c from line 1............

1,408,279

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,408,279

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

1,408,279

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,195,081

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

1,195,081

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

1,195,081

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)

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				1,408,279
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......			1,070,773
b Total for prior years:20, 20, 20		0
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......
d From 2018......
e From 2019......
fTotal of lines 3a through e........	0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 1,195,081
a Applied to 2019, but not more than line 2a			1,070,773
b Applied to undistributed income of prior years (Election required—see instructions).....		0
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2020 distributable amount.....				124,308
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2020.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........				1,283,971
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...	0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....
e Excess from 2020....

Form 990-PF (2020)

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

HAYLEY LITTLE
UNION TRUST BUILDING 501 GRANT
STREET SUITE 200
PITTSBURGH,PA15219
(412) 562-1843

bThe form in which applications should be submitted and information and materials they should include:

LETTER OF APPLICATION

cAny submission deadlines:

APRIL 30, 2020

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

N/A

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
FORT LIGONIER ASSOCIATION 200 SOUTH MARKET STREET LIGONIER,PA15658		PUBLIC	FORT LIGONIER, FORTIFYING OUR FUTURE CAPITAL CAMPAIGN	50,000
GLOBAL LINKS 700 TRUMBULL DRIVE PITTSBURGH,PA15205		PUBLIC	NICARAGUA AND CUBA SUPPORT	43,000
MADISON AREA FOOD PANTRY GARDENS PO BOX 5116 MADISON,WI53705		PUBLIC	CAPITAL CAMPAIGN PROJECT	50,000
ARCHIPELAGO BOOKS 232 THIRD STREET A111 BROOKLYN,NY11215		PUBLIC	MOLDY STRAWBERRIES BY CAIO F. ABREU,KIBOGO ASCENDS TO HEAVEN BY SCHOLASTIQUE MUSKASONGA AND SELECTED STORIES BY HERBE UHART TRANSLATIONS	58,000
CALVARY EPISCOPAL CHURCH 315 SHADY AVENUE PITTSBURGH,PA15206		PUBLIC	GENERAL OPERATING SUPPORT	25,000
CARNEGIE MUSEUM OF NATURAL HISTORY 4401 FORBES AVENUE PITTSBURGH,PA15213		PUBLIC	NEW AVIAN RESEARCH FACILITY AT POWDERMILL NATURE RESERVE	150,000
CHILDREN'S INSTITUTE OF PITTSBURGH 1405 SHADY AVENUE PITTSBURGH,PA15217		PUBLIC	FOUNDERS TERRACE	80,000
LOYALHANNA WATERSHED ASSOCIATION 6 OLD LINCOLN HIGHWAY W LIGONIER,PA15658		PUBLIC	LWA'S EDUCATION PROGRAMS	20,000
MADISON MUSEUM OF CONTEMPORARY ART 227 STATE STREET MADISON,WI53703		PUBLIC	YOUTH EDUCATION PROGRAMS	35,000
MOUNT VERNON LADIES ASSOCIATION OF THE UNION PO BOX 110 MOUNT VERNON,VA22121		PUBLIC	BECOMING MOUNT VERNON MUSEUM	100,000
PIEDMONT ENVIRONMENTAL COUNCIL 45 HORNER STREET WARRENTON,VA20186		PUBLIC	VIRGINIA PIEDMONT TROUT STREAM RESTORATION INITIATIVE	25,000
SENATOR JOHN HEINZ HISTORY CENTER 1212 SMALLMAN STREET PITTSBURGH,PA15222		PUBLIC	AMERICA 101 INITIATIVE	100,000
SIMPSON STREET FREE PRESS INC PO BOX 6307 MONONA,WI53716		PUBLIC	YOUTH LEADERSHIP AND ACADEMIC ACHIEVEMENT IN DANE COUNTY PROGRAM	20,000
ST MICHAEL'S OF THE VALLEY PO BOX 336 LIGONIER,PA15658		PUBLIC	GENERAL OPERATING SUPPORT	25,000
THOMAS PAINE NATIONAL HISTORICAL ASSOCIATION 3 ACORN LANE NORWALK,CT06854		PUBLIC	THOMAS PAINE COLLECTION SUPPORTTHOMAS PAINE COLLECTION	40,000
WASHINGTON NATIONAL CATHEDRAL PO BOX 98283 WASHINGTON,DC200908283		PUBLIC	EARTHQUAKE RESTORATION CAMPAIGN ( GARTH AREA )	100,000
UNITED STATES HOLOCAUST MUSEUM 100 RAOUL WALLENBERG PLACE SW WASHINGTON,DC20024		PUBLIC	GENERAL OPERATING SUPPORT	75,000
READING READY PITTSBURGH PO BOX 81111 PITTSBURGH,PA15217		PUBLIC	SUMMER READ WITH ME FOR HOMESTEAD, WEST HOMESTEAD, WHITTAKER PROGRAM	10,000
TICKETS FOR KIDS CHARITIES 700 BLAW AVENUE PITTSBURGH,PA15238		PUBLIC	GENERAL OPERATING SUPPORT	5,000
ARCS PITTSBURGH PO BOX 9117 PITTSBURGH,PA15224		PUBLIC	ANNUAL SCHOLAR AWARD PROGRAM	5,000
GROUNDSWELL CONSERVANCY 303 S PATTERSON STREET 6 MADISON,WI53703		PUBLIC	LAND SECURITY FOR IMMIGRANT FARMENRS AND FARMERS OF COLOR PROGRAM	25,000
OMEGA SCHOOL INC 835 W BADGER ROAD MADISON,WI53713		PUBLIC	WOMERN'S OUTREACH INITIATIVE	25,000
ECONOMIC JUSTICE INSTITUTE INC 975 BASCOM MALL ROOM 3221 MADISON,WI53711		PUBLIC	LIFT DANE DRIVER'S LICENSE RESTORATION PROGRAM	15,000
Total ................................. 3a				1,081,000

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	97,869
4 Dividends and interest from securities....			14	363,131
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	1,143,603
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		1,604,603	0

13Total. Add line 12, columns (b), (d), and (e)..................

1,604,603

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2020)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

NIMICK FORBESWAY FOUNDATION

C/O CHARLES LH NIMICK

EIN:

25-1597437

Name of Stock	End of Year Book Value	End of Year Fair Market Value
	19,090,178	30,495,049

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

NIMICK FORBESWAY FOUNDATION

C/O CHARLES LH NIMICK

EIN:

25-1597437

US Government Securities - End of Year Book Value:

541,730

US Government Securities - End of Year Fair Market Value:

668,217

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

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

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

NIMICK FORBESWAY FOUNDATION

C/O CHARLES LH NIMICK

EIN:

25-1597437

Description	Amount
BASIS ADJUSTMENT	14,754

- TIN:

TY 2020 OtherExpensesSchedule

Name:

NIMICK FORBESWAY FOUNDATION

C/O CHARLES LH NIMICK

EIN:

25-1597437

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
WEB SITE (SOFTWARE )	2,376	2,376
BANK SERVICE CHARGES	8	8
MEMBERSHIP FEES	345	345
ADMINISTRATIVE MEALS	181	181
OFFICE SUPPLIES	15	15

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

NIMICK FORBESWAY FOUNDATION

C/O CHARLES LH NIMICK

EIN:

25-1597437

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
BNY MELLON MANAGEMENT FEES	35,019	35,019	0
PNC BANK MANAGEMENT FEES	84,702	84,702	0
BUCHANAN INGERSOLL & ROONEY	10,995	0	10,995
LBHM LLP	21,145	0	21,145
ISHARES COMEX INVESTMENT FEES	260	0	260

- TIN:

TY 2020 TaxesSchedule

Name:

NIMICK FORBESWAY FOUNDATION

C/O CHARLES LH NIMICK

EIN:

25-1597437

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXCISE TAX	17,544	0		0
FOREIGN TAX PAID	4,292	0		0