TY 2020 Form 990PF

- 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 01-01-2020 , and ending 12-31-2020

Name of foundation
W MARSHALL HUGHES JR

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2907 - MC 100-01-02-50
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
WILSON, NC278942907

A Employer identification number

23-6934996

B Telephone number (see instructions)

(844) 382-3122

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

$4,370,203J 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	(c) Adjusted net 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
4	Dividends and interest from securities...	81,153		81,070
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		897,698
b	Gross sales price for all assets on line 6a 5,442,073
7	Capital gain net income (from Part IV, line 2)...			897,698
8	Net short-term capital gain.........				0
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........	978,851		978,768
13	Compensation of officers, directors, trustees, etc.	41,937		20,968		20,968
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		5,201	1,034		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		7	7
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	47,145		22,009	0	20,968
25	Contributions, gifts, grants paid.......	155,900				155,900
26	Total expenses and disbursements. Add lines 24 and 25	203,045		22,009	0	176,868
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	775,806
b	Net investment income (if negative, enter -0-)			956,759
c	Adjusted net income (if negative, enter -0-)...				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.............	116	1	1
	2	Savings and temporary cash investments.........	65,273	168,453	168,453
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	108
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,154,534
	c	Investments—corporate bonds (attach schedule).......	1,633,697	816,860	814,391
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	145,040	2,785,938	3,387,358
	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)	2,998,768	3,771,252	4,370,203
	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
		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........	2,998,768	3,771,252
	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).....	2,998,768	3,771,252
	30	Total liabilities and net assets/fund balances (see instructions).	2,998,768	3,771,252

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

2,998,768

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

775,806

Other increases not included in line 2 (itemize) bullet

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

3,774,579

Decreases not included in line 2 (itemize) bullet

3,327

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

3,771,252

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	435. CH ROBINSON WORLDWIDE INC		2009-06-02	2020-01-02
b	20. CH ROBINSON WORLDWIDE INC		2019-02-11	2020-01-02
c	65. LAM RESH CORP		2017-08-08	2020-01-02
d	485. V F CORP COMMON		2008-08-11	2020-01-02
e	20. V F CORP COMMON		2019-02-11	2020-01-02
	85. ACCENTURE PLC IRELAND SHS		2016-11-02	2020-01-02
	10. ACCENTURE PLC IRELAND SHS		2019-02-11	2020-01-02
	2000. CONAGRA BRANDS INC DTD 10/22/2018 5.3% 1		2019-04-22	2020-02-12
	110. GALLAGHER ARTHUR J		2011-12-05	2020-02-18
	8000. U S TREASURY NOTES 2.000% 02/28/21		2014-03-18	2020-02-28
	3000. U S TREASURY NOTES 3.125% 05/15/21		2019-08-02	2020-02-28
	5000. U.S. TREASURY BONDS 3.000% 11/15/45		2020-02-25	2020-03-03
	4000. U.S. TREASURY BONDS 3.000% 2/15/47		2017-03-13	2020-03-03
	2520.292 OAKMARK INTERNATIONAL-INST		2019-02-11	2020-03-19
	71.167 LAZARD GLBL LSTD INFRA-INST		2019-09-19	2020-03-19
	7219.507 LAZARD GLBL LSTD INFRA-INST		2018-07-25	2020-03-19
	2000. U.S. TREASURY NOTES 2.250% 11/15/24		2014-12-01	2020-03-25
	8000. U.S. TREASURY NOTES 2.125% 5/15/25		2019-08-14	2020-03-25
	9000. CINTAS CORP NO.2 3.700% 4/01/27		2018-07-24	2020-03-30
	.364 INGERSOLL-RAND INC COM		2020-01-06	2020-03-31
	6000. US TREASURY BILL DTD 02/04/2020 0% 03/31		2020-03-03	2020-03-31
	207. INGERSOLL-RAND INC COM		2020-01-06	2020-04-08
	.352 RAYTHEON TECHNOLOGIES CORP		2019-02-11	2020-04-10
	5000. FED HOME LN MTG CORP 2.375% 01/13/22		2018-11-02	2020-04-30
	1000. U S TREASURY NOTES 3.125% 05/15/21		2019-08-02	2020-04-30
	8034.04 US TREASURY INFL INDEX BD DTD 7/29/2011		2011-08-11	2020-04-30
	2000. U.S. TREASURY BONDS 3.000% 11/15/45		2019-08-30	2020-05-06
	5000. U.S. TREASURY BONDS 3.000% 11/15/45		2017-02-15	2020-05-06
	9000. APACHE CORP DTD 08/23/2018 4.375% 10/15/		2018-08-14	2020-05-20
	2000. U.S. TREASURY BONDS 3.000% 2/15/47		2017-03-13	2020-06-16
	10000. AT&T INC 4.500% 5/15/35		2018-09-28	2020-06-19
	9000. ABBVIE INC 4.250% 11/14/28		2019-03-27	2020-06-19
	10000. AMERICAN ELECTRIC 3.200% 11/13/27		2018-07-06	2020-06-19
	8000. APPLE INC 3.450% 5/06/24		2014-05-19	2020-06-19
	10000. BP CAPITAL MARKETS 3.017% 1/16/27		2017-08-08	2020-06-19
	9000. BANK OF AMER CRP MTN 3.300% 1/11/23		2018-05-22	2020-06-19
	10000. BANK OF MONTREAL MTN 2.500% 6/28/24		2019-06-25	2020-06-19
	9000. BANK OF NY MELLON CORP DTD 05/02/2016 2.		2016-10-24	2020-06-19
	9000. BERKSHIRE HATHAWAY 3.125% 3/15/26		2016-06-13	2020-06-19
	9000. BOSTON PROPERTIES 3.400% 6/21/29		2019-06-12	2020-06-19
	9000. CAPITAL ONE FINL 3.200% 2/05/25		2018-08-29	2020-06-19
	4000. CISCO SYSTEMS INC 5.500% 1/15/40		2018-08-17	2020-06-19
	7000. CITIGROUP INC 5.875% 1/30/42		2018-04-16	2020-06-19
	9000. THE COCA-COLA CO DTD 09/06/2019 2.125% 0		2019-09-04	2020-06-19
	10000. COMCAST CORP 4.150% 10/15/28		2018-10-02	2020-06-19
	2000. CONAGRA BRANDS INC DTD 10/22/2018 5.3% 1		2019-04-22	2020-06-19
	4000. CONOCOPHILLIPS 6.500% 2/01/39		2019-03-08	2020-06-19
	9000. CONSTELLATION BRANDS 4.650% 11/15/28		2019-03-08	2020-06-19
	10000. CROWN CASTLE INTL CORP DTD 04/15/2014 4.		2018-09-06	2020-06-19
	10000. DUKE ENERGY CORP 3.950% 10/15/23		2018-09-25	2020-06-19
	5000. ENTERGY LOUISIANA 2.900% 3/15/51		2020-03-03	2020-06-19
	10000. FNMA 6.625% 11/15/30		2019-03-05	2020-06-19
	20000. FNMA 2.125% 4/24/26		2018-07-17	2020-06-19
	25000. FNMA 2.375% 1/19/23		2018-09-06	2020-06-19
	20000. FED NATL MTG ASSN 2.625% 09/06/24		2018-07-17	2020-06-19
	20000. FED HOME LN MTG CORP 2.375% 01/13/22		2018-11-02	2020-06-19
	9000. FISERV INC 3.200% 7/01/26		2019-06-10	2020-06-19
	20000. GEORGIA ST 3.250% 7/01/27		2018-06-20	2020-06-19
	4000. GOLDMAN SACHS GPOUP 6.250% 2/01/41		2019-07-31	2020-06-19
	5000. GOLDMAN SACHS GROUP INC DTD 02/25/2016 2		2018-06-21	2020-06-19
	10000. HCP INC 4.000% 6/01/25		2018-09-06	2020-06-19
	5000. HERSHEY COMPANY 2.650% 6/01/50		2020-05-27	2020-06-19
	4000. HOLLYFRONTIER CORP 5.875% 4/01/26		2018-07-24	2020-06-19
	4000. HOME DEPOT INC 5.875% 12/16/36		2017-02-15	2020-06-19
	10000. INVESCO FIN PLC 3.125% 11/30/22		2018-10-17	2020-06-19
	9000. JPMORGAN CHASE & CO 3.200% 01/25/23		2013-01-29	2020-06-19
	10000. KIMCO REALTY CORP 4.250% 4/01/45		2018-05-22	2020-06-19
	5000. KINDER MORGAN INC 4.300% 3/01/28		2018-11-07	2020-06-19
	15000. LOS ANGELES CA 3.500% 9/01/26		2018-06-27	2020-06-19
	10000. MCDONALD'S CORP MTN 2.125% 3/01/30		2020-04-14	2020-06-19
	6000. MERCK & CO INC 2.450% 6/24/50		2020-06-16	2020-06-19
	9000. METLIFE INC 4.875% 11/13/43		2018-08-29	2020-06-19
	10000. MITSUBISHI UFJ FINL 2.998% 2/22/22		2018-09-06	2020-06-19
	13000. MORGAN STANLEY MTN 4.000% 7/23/25		2018-05-22	2020-06-19
	9000. NATIONAL RURAL UTIL 3.700% 3/15/29		2019-03-29	2020-06-19
	20000. NEW YORK CITY NY TRA 3.040% 8/01/27		2018-06-12	2020-06-19
	20000. NEW YORK ST DORM 2.950% 3/15/22		2018-07-12	2020-06-19
	10000. NIKE INC 2.400% 3/27/25		2020-03-25	2020-06-19
	5000. NORFOLK SOUTHERN 3.050% 5/15/50		2020-04-30	2020-06-19
	10000. NUCOR CORP 3.950% 5/01/28		2018-09-06	2020-06-19
	15000. PENNSYLVANIA ST HGR 3.500% 6/15/25		2018-08-23	2020-06-19
	5000. PEPSICO INC 3.450% 10/06/46		2019-02-15	2020-06-19
	5000. PFIZER INC 3.900% 3/15/39		2019-03-04	2020-06-19
	10000. PHILIP MORRIS INTL 1.500% 5/01/25		2020-04-29	2020-06-19
	2000. PROCTER & GAMBLE CO DTD 03/23/2020 2.45%		2020-03-23	2020-06-19
	5000. PUBLIC SERVICE MTN 2.700% 5/01/50		2020-05-06	2020-06-19
	10000. REPUBLIC SERVICES INC SERVICES INC DTD 05/21/2012 CALLABLE 3.55		2018-09-06	2020-06-19
	4000. SHELL INTERNATIONAL 4.550% 8/12/43		2020-01-02	2020-06-19
	7000. SHERWIN-WILLIAMS CO 3.450% 6/01/27		2018-08-16	2020-06-19
	9000. SHIRE ACQ INV IRELAND DA DTD 09/23/2016		2019-06-10	2020-06-19
	10000. SUMITOMO MITSUI FINL 3.364% 7/12/27		2018-04-20	2020-06-19
	10000. TORONTO DOM BK MTN 1.800% 7/13/21		2018-10-17	2020-06-19
	9000. U.S. TREASURY BONDS 6.250% 5/15/30		2020-02-28	2020-06-19
	10000. U.S. TREASURY BONDS 4.500% 2/15/36		2015-12-10	2020-06-19
	10000. U.S. TREASURY BONDS 3.125% 2/15/42		2018-09-21	2020-06-19
	10000. U.S. TREASURY BONDS 2.875% 5/15/43		2019-02-01	2020-06-19
	11000. U.S. TREASURY BONDS 2.875% 5/15/43		2019-11-14	2020-06-19
	5000. U.S. TREASURY BONDS 3.000% 11/15/45		2017-02-15	2020-06-19
	14000. U.S. TREASURY BONDS 3.000% 2/15/47		2017-03-13	2020-06-19
	17000. U.S. TREASURY NOTES 1.500% 8/15/26		2018-09-06	2020-06-19
	19000. U.S. TREASURY NOTES 1.500% 8/15/26		2019-08-01	2020-06-19
	10000. U.S. TREASURY NOTES 2.750% 2/15/28		2018-11-02	2020-06-19
	9000. U.S. TREASURY NOTES 2.875% 5/15/28		2019-08-15	2020-06-19
	9000. US TREASURY BOND DTD 02/15/2019 2.625% 0		2019-05-07	2020-06-19
	9000. U.S. TREASURY NOTES 2.375% 5/15/29		2019-05-31	2020-06-19
	25000. U.S. TREASURY NOTES 2.750% 2/15/24		2014-04-25	2020-06-19
	10000. U.S. TREASURY NOTES 2.375% 8/15/24		2014-12-23	2020-06-19
	13000. U.S. TREASURY NOTES 2.250% 11/15/24		2014-12-01	2020-06-19
	9000. US TREASURY NOTES 2.000% 11/30/22		2019-05-02	2020-06-19
	1.4921 US TREASURY INFL INDEX BD DTD 7/29/2011		2020-04-30	2020-06-19
	9117.3879 US TREASURY INFL INDEX BD DTD 7/29/2011		2011-08-11	2020-06-19
	10000. U.S. TREASURY NOTES 1.625% 8/15/22		2019-05-02	2020-06-19
	10000. U.S. TREASURY NOTES 2.250% 2/15/27		2019-08-01	2020-06-19
	10000. U S TREASURY NOTES 1.750% 05/15/23		2019-01-29	2020-06-19
	10000. UNITED TECH CORP 4.125% 11/16/28		2019-06-20	2020-06-19
	9000. VENTAS REALTY LP 3.750% 5/01/24		2018-08-17	2020-06-19
	7000. VERIZON COMM INC 4.862% 8/21/46		2018-08-16	2020-06-19
	20000. WASHINGTON ST 3.450% 8/01/29		2018-08-30	2020-06-19
	4000. WASTE MANAGEMENT 4.100% 3/01/45		2020-05-29	2020-06-19
	9000. WELLS FARGO & COMPAN 3.000% 10/23/26		2019-06-11	2020-06-19
	5000. WESTLAKE CHEMICAL CO 4.375% 11/15/47		2018-07-24	2020-06-19
	10000. WESTPAC BANKING CORP DTD 01/25/2018 2.65		2018-10-17	2020-06-19
	80. AMC NETWORKS INC-A COMMON		2018-11-16	2020-06-26
	345. ABBVIE INC		2017-11-21	2020-06-26
	110. ABBVIE INC		2020-01-13	2020-06-26
	18. ALPHABET INC CL A		2019-04-17	2020-06-26
	320. APPLE COMPUTER COM		2005-09-01	2020-06-26
	295. AVERY DENNISON CORP		2016-05-03	2020-06-26
	60. BIOGEN INC COMMON		2020-01-13	2020-06-26
	105. BIOGEN INC COMMON		2018-11-27	2020-06-26
	90. BLACKROCK INC		2019-03-11	2020-06-26
	160. BOOT BARN HOLDINGS INC		2019-05-23	2020-06-26
	95. BROADRIDGE FINANCIAL SOLUTIONS INC		2008-11-25	2020-06-26
	460. BROWN & BROWN INC		2014-08-25	2020-06-26
	455. CADENCE DESIGN SYS INC COM RTS EXP 02/09/2006		2019-03-05	2020-06-26
	55. CARLISLE COMMON		2016-09-15	2020-06-26
	70. CARTERS INC COMMON		2017-08-10	2020-06-26
	70. CHARLES RIV LABORATORIES INTL INC COM		2017-07-06	2020-06-26
	75. CHEESECAKE FACTORY COMMON		2016-12-06	2020-06-26
	90. CHURCH & DWIGHT CO		2011-05-05	2020-06-26
	105. CIRRUS LOGIC COMMON		2016-11-02	2020-06-26
	765. CISCO SYS INC		2013-02-25	2020-06-26
	515. COLGATE-PALMOLIVE CO COM STK		2011-05-13	2020-06-26
	710. COMCAST CORP NEW CL A		2019-04-17	2020-06-26
	214. COMMERCE BANCSHARES, INC.		2011-12-05	2020-06-26
	50.321 CONESTOGA SMALL CAP-INST		2018-12-14	2020-06-26
	105.559 CONESTOGA SMALL CAP-INST		2019-11-13	2020-06-26
	45. CRACKER BARREL		2017-04-05	2020-06-26
	60. CRANE CO COM		2018-11-16	2020-06-26
	75. CURTISS WRIGHT CORP		2016-02-23	2020-06-26
	123.863 DFA GLOBAL REAL ESTATE SEC PORT		2019-11-13	2020-06-26
	6895.299 DFA GLOBAL REAL ESTATE SEC PORT		2019-06-25	2020-06-26
	150. DE LUXE CHECK PRINTERS INCORPORATED		2013-04-01	2020-06-26
	235. WALT DISNEY COMPANY THE		2018-11-27	2020-06-26
	405. DISCOVER FINL SVCS		2011-07-05	2020-06-26
	115. EAST WEST BANCORP INC COMMON		2016-11-02	2020-06-26
	60. EAST WEST BANCORP INC COMMON		2020-02-18	2020-06-26
	155. ELECTRONIC ARTS INC COMMON		2019-12-16	2020-06-26
	188. EXXON MOBIL CORP		2001-08-21	2020-06-26
	170. EXXON MOBIL CORP		2020-01-13	2020-06-26
	100. FLIR SYSTEMS INC COMMON		2017-11-21	2020-06-26
	205. FACEBOOK INC CL A		2018-03-12	2020-06-26
	40. FACTSET RESH SYS INC		2008-04-03	2020-06-26
	85. GENTEX CORP COM		2019-12-19	2020-06-26
	210. GENTEX CORP COM		2018-05-29	2020-06-26
	5520.273 OAKMARK INTERNATIONAL-INST		2019-02-11	2020-06-26
	100. HEALTHEQUITY INC		2019-11-05	2020-06-26
	75. HOLLYFRONTIER CORP		2017-11-21	2020-06-26
	145. GEO. A. HORMEL & CO*		2008-11-25	2020-06-26
	45. HUBBELL INC COMMON		2009-02-06	2020-06-26
	1060. INTEL CORP		2012-02-08	2020-06-26
	100. JABIL CIRCUIT INC COMMON		2019-12-19	2020-06-26
	163. JOHNSON + JOHNSON COM STK		2001-10-18	2020-06-26
	25. JONES LANG LA SALLE INC		2019-10-08	2020-06-26
	95. J2 GLOBAL, INC. COMMON		2010-07-26	2020-06-26
	10. J2 GLOBAL, INC. COMMON		2019-12-19	2020-06-26
	75. LAM RESH CORP		2017-08-08	2020-06-26
	115. LUMENTUM HOLDINGS INC COMMON		2018-11-16	2020-06-26
	1221.29 MFS INTL GROWTH-I		2019-11-13	2020-06-26
	45. MANPOWER INC WIS COMMON		2015-12-16	2020-06-26
	25. MANPOWER INC WIS COMMON		2020-02-18	2020-06-26
	20. MANPOWER INC WIS COMMON		2019-07-02	2020-06-26
	475. MARSH & MCLENNAN COS INC		2012-08-27	2020-06-26
	45. MAXIMUS INC		2017-11-21	2020-06-26
	230. MCDONALD'S CORP		2015-05-08	2020-06-26
	490. MERCK & CO INC		2019-09-24	2020-06-26
	599. MICROSOFT CORP		2011-12-02	2020-06-26
	105. NAT'L INSTRUMENTS CORP COMMON		2019-03-05	2020-06-26
	75. NATUS MEDICAL INC COMMON		2020-02-18	2020-06-26
	135. NATUS MEDICAL INC COMMON		2019-11-05	2020-06-26
	305. NIKE INC		2020-01-02	2020-06-26
	255. OMEGA HEALTHCARE INVESTORS INC REIT		2019-02-20	2020-06-26
	405. PAYPAL HOLDINGS INC		2018-11-27	2020-06-26
	357. PEPSICO INC		2001-08-21	2020-06-26
	415. PFIZER INC COM STK		2018-09-24	2020-06-26
	60. PRESTIGE CONSUMER HEALTHCARE INC		2020-02-18	2020-06-26
	130. PRESTIGE CONSUMER HEALTHCARE INC		2018-11-16	2020-06-26
	190. PROCTER & GAMBLE CO COM STK*		2018-11-27	2020-06-26
	185. RPM INC OHIO COM		2016-03-22	2020-06-26
	560. RAYTHEON TECHNOLOGIES CORP		2012-08-27	2020-06-26
	133.093 T ROWE PRICE INTL DISC-I		2014-02-21	2020-06-26
	105. SEI INVESTMENTS CO		2019-04-24	2020-06-26
	80. SONOCO PRODUCTS COMPANY		2018-05-29	2020-06-26
	1135. TJX COMPANIES		2011-04-08	2020-06-26
	330. TARGET CORP COM		2019-07-15	2020-06-26
	105. 3M COMPANY COMMON		2017-04-11	2020-06-26
	118. TORO COMPANY COMMON		2008-11-25	2020-06-26
	155. UGI CORP COM		2016-12-06	2020-06-26
	845. US BANCORP		2012-04-13	2020-06-26
	300. UNION PACIFIC CORP COMMON STO*		2013-02-25	2020-06-26
	205. UNITEDHEALTH GROUP		2015-07-17	2020-06-26
	185. URBAN OUTFITTERS INC COMMON		2018-05-29	2020-06-26
	395. VALERO ENERGY CORP NEW COM		2017-11-21	2020-06-26
	215. VARIAN MED SYS INC		2015-11-11	2020-06-26
	615. VERIZON COMMUNICATIONS		2016-11-02	2020-06-26
	355. WALGREENS BOOTS ALLIANCE INC		2008-10-17	2020-06-26
	60. WATSCO INC CL A		2011-02-07	2020-06-26
	80. WORTHINGTON INDUSTRIES, INC		2016-09-15	2020-06-26
	185. ACCENTURE PLC IRELAND SHS		2016-11-02	2020-06-26
	30. HELEN OF TROY LIMITED		2019-06-05	2020-06-26
	235. TRANE TECHNOLOGIES PLC		2020-01-06	2020-06-26
	39757.622 AMER CENT DIVERSIFI BOND-INS		2020-06-29	2020-09-01
	789.611 DFA COMMODITY STRATEGY PORT		2018-06-15	2020-09-01
	1349.703 JPMORGAN US EQUITY FUND INSTL CL		2020-06-29	2020-09-01
	36.863 MFS INTL GROWTH-I		2019-11-13	2020-09-01
	42214.966 METROPOLITAN WEST T/R BD-PLN		2020-06-29	2020-09-01
	62.795 T ROWE PRICE INTL DISC-I		2014-02-21	2020-09-01
	129. VANGUARD DIVIDEND APPREC ETF		2020-06-26	2020-09-01
	109.05 VANGUARD RUSSELL 1000 GR-INS		2020-06-29	2020-09-01
	14779.017 DFA COMMODITY STRATEGY PORT		2018-06-15	2020-09-18
	1695.902 DFA COMMODITY STRATEGY PORT		2020-06-29	2020-09-18
	113.583 DFA COMMODITY STRATEGY PORT		2019-11-13	2020-09-18
	117.504 DODGE & COX INCOME FUND		2020-09-01	2020-09-18
	193.664 DOUBLELINE TOTL RET BND-I		2020-09-01	2020-09-18
	178.143 HARDING LOEVNER INTL EQ-INST		2020-06-29	2020-09-18
	175.709 HARTFORD DIVIDEND AND GRTH-Y		2020-06-29	2020-09-18
	159.774 MFS INTL GROWTH-I		2019-11-13	2020-09-18
	44.102 MFS NEW DISCOVERY VALUE-R6		2017-02-14	2020-09-18
	269.778 PIMCO INVESTMENT GRD CORP-IN		2020-09-01	2020-09-18
	150.325 MUZINICH CREDIT OPP-INST		2020-09-01	2020-09-18
	15.151 T ROWE PRICE INTL DISC-I		2014-02-21	2020-09-18
	24. VANGUARD DIVIDEND APPREC ETF		2020-06-26	2020-09-18
	203.363 WESTERN ASSET CORE BD FD-S		2020-09-01	2020-09-18
	1094.746 MFS NEW DISCOVERY VALUE-R6		2020-06-29	2020-10-29
	3730.441 MFS NEW DISCOVERY VALUE-R6		2017-02-14	2020-10-29
	.756 JOHCM INTERNATIONAL SEL-I		2020-09-18	2020-10-30
	78.221 CONESTOGA SMALL CAP-INST		2018-12-14	2020-10-30
	82.837 CONESTOGA SMALL CAP-INST		2020-09-18	2020-10-30
	179.011 DODGE & COX INCOME FUND		2020-09-01	2020-10-30
	311.864 DOUBLELINE TOTL RET BND-I		2020-09-01	2020-10-30
	59.438 EATON VANCE-ATLANTA SMID-R6		2020-06-29	2020-10-30
	314.336 JPMORGAN US EQUITY FUND INSTL CL		2020-09-18	2020-10-30
	288.281 PIMCO INVESTMENT GRD CORP-IN		2020-09-01	2020-10-30
	267.994 MUZINICH CREDIT OPP-INST		2020-09-01	2020-10-30
	24.753 T ROWE PRICE INTL DISC-I		2014-02-21	2020-10-30
	49.121 VANGUARD RUSSELL 1000 GR-INS		2020-09-18	2020-10-30
	385.449 WESTERN ASSET CORE BD FD-S		2020-09-01	2020-10-30
	34.876 JOHCM INTERNATIONAL SEL-I		2020-09-18	2020-11-25
	59.306 CONESTOGA SMALL CAP-INST		2007-06-08	2020-11-25
	351.524 HARDING LOEVNER INTL EQ-INST		2020-06-29	2020-11-25
	1066.295 HARTFORD DIVIDEND AND GRTH-Y		2020-06-29	2020-11-25
	3405.66 JPMORGAN US EQUITY FUND INSTL CL		2020-06-29	2020-11-25
	111.711 MFS INTL GROWTH-I		2020-10-30	2020-11-25
	1071.206 T ROWE PRICE INTL DISC-I		2014-02-21	2020-11-25
	496. VANGUARD DIVIDEND APPREC ETF		2020-06-26	2020-11-25
	98.862 VANGUARD RUSSELL 1000 GR-INS		2020-06-29	2020-11-25
	44.932 JOHCM INTERNATIONAL SEL-I		2020-09-18	2020-12-08
	24.213 CONESTOGA SMALL CAP-INST		2007-06-08	2020-12-08
	25.587 DFA US SMALL CAP PORTFOLIO		2020-11-25	2020-12-08
	2178.991 DODGE & COX INCOME FUND		2020-09-01	2020-12-08
	1983.182 DOUBLELINE TOTL RET BND-I		2020-09-01	2020-12-08
	1001.817 DOUBLELINE TOTL RET BND-I		2020-09-01	2020-12-08
	19.618 EATON VANCE-ATLANTA SMID-R6		2020-11-25	2020-12-08
	145.703 HARDING LOEVNER INTL EQ-INST		2020-06-29	2020-12-08
	7. ISHARES RUSSELL MIDCAP ETF		2020-11-25	2020-12-08
	5325.026 JPMORGAN US EQUITY FUND INSTL CL		2020-06-29	2020-12-08
	45.798 MFS INTL GROWTH-I		2020-10-30	2020-12-08
	48.093 MFS INTL GROWTH-I		2019-11-13	2020-12-08
	4799.194 PIMCO INVESTMENT GRD CORP-IN		2020-09-01	2020-12-08
	2916.918 MUZINICH CREDIT OPP-INST		2020-09-01	2020-12-08
	338. VANGUARD DIVIDEND APPREC ETF		2020-06-26	2020-12-08
	25.36 VANGUARD RUSSELL 1000 GR-INS		2020-06-29	2020-12-08
	4619.593 WESTERN ASSET CORE BD FD-S		2020-09-01	2020-12-08
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN 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	33,588	25,174	8,414
b	1,544	1,803	-259
c	19,280	10,230	9,050
d	48,350	12,191	36,159
e	1,994	1,614	380
	17,798	10,552	7,246
	2,094	1,552	542
	2,472	2,067	405
	11,907	4,058	7,849
	8,072	7,913	159
	3,075	3,048	27
	6,492	6,212	280
	5,212	3,849	1,363
	34,478	54,640	-20,162
	891	1,086	-195
	90,388	115,184	-24,796
	2,155	2,007	148
	8,615	8,239	376
	9,208	8,842	366
	8	12	-4
	5,995	5,995
	5,199	6,949	-1,750
	22	27	-5
	5,179	4,947	232
	1,031	1,014	17
	8,019	8,329	-310
	2,686	2,426	260
	6,715	4,895	1,820
	7,740	8,985	-1,245
	2,662	1,925	737
	11,735	9,404	2,331
	10,602	9,183	1,419
	11,093	9,516	1,577
	8,851	8,059	792
	10,615	9,946	669
	9,568	8,913	655
	10,620	9,999	621
	9,108	9,010	98
	10,067	9,256	811
	9,949	8,983	966
	9,729	8,656	1,073
	5,903	4,811	1,092
	10,130	8,550	1,580
	9,608	8,997	611
	11,961	9,995	1,966
	2,590	2,066	524
	5,915	5,199	716
	10,650	9,292	1,358
	10,693	10,182	511
	10,940	10,078	862
	5,153	4,988	165
	15,431	13,078	2,353
	21,714	19,049	2,665
	26,378	24,742	1,636
	21,841	19,707	2,134
	20,661	19,804	857
	10,017	9,013	1,004
	22,788	20,080	2,708
	5,954	5,342	612
	5,065	4,981	84
	11,038	9,914	1,124
	4,998	4,984	14
	4,445	4,241	204
	5,881	4,941	940
	10,544	9,854	690
	9,582	8,985	597
	9,643	8,936	707
	5,734	4,877	857
	16,533	15,000	1,533
	10,242	10,060	182
	5,882	5,859	23
	11,775	9,590	2,185
	10,380	9,919	461
	14,731	12,968	1,763
	10,410	9,323	1,087
	21,106	19,204	1,902
	20,538	20,000	538
	10,739	9,986	753
	5,238	4,988	250
	11,578	10,065	1,513
	16,125	15,000	1,125
	5,778	4,664	1,114
	6,133	4,935	1,198
	10,223	9,951	272
	2,162	1,997	165
	5,068	4,980	88
	10,527	10,034	493
	5,043	4,868	175
	7,891	6,743	1,148
	9,174	8,963	211
	11,072	9,663	1,409
	10,129	9,839	290
	13,817	13,328	489
	15,193	12,277	2,916
	13,409	9,889	3,520
	12,916	9,756	3,160
	14,208	12,218	1,990
	6,655	4,895	1,760
	18,820	13,472	5,348
	18,066	15,718	2,348
	20,191	18,680	1,511
	11,632	9,691	1,941
	10,590	9,914	676
	10,514	9,122	1,392
	10,351	9,173	1,178
	27,267	25,071	2,196
	10,862	10,060	802
	14,105	13,045	1,060
	9,393	8,932	461
	2	2
	9,272	9,454	-182
	10,307	9,857	450
	11,140	10,289	851
	10,445	9,777	668
	11,872	10,913	959
	9,326	8,950	376
	9,434	7,072	2,362
	22,432	20,000	2,432
	4,791	4,784	7
	9,832	8,943	889
	4,924	4,638	286
	10,127	9,955	172
	1,861	4,596	-2,735
	32,894	32,049	845
	10,488	9,706	782
	24,906	22,335	2,571
	114,195	9,634	104,561
	32,673	22,894	9,779
	15,463	17,605	-2,142
	27,061	33,319	-6,258
	48,023	38,552	9,471
	3,110	4,886	-1,776
	11,926	1,021	10,905
	18,491	7,783	10,708
	42,538	26,753	15,785
	6,364	5,428	936
	5,388	6,448	-1,060
	11,933	7,136	4,797
	1,488	4,323	-2,835
	6,894	1,852	5,042
	6,059	5,615	444
	35,287	16,000	19,287
	37,020	23,228	13,792
	27,314	30,203	-2,889
	12,337	5,907	6,430
	2,969	2,526	443
	6,228	6,196	32
	4,570	7,184	-2,614
	3,331	5,304	-1,973
	6,287	5,297	990
	1,183	1,521	-338
	65,850	81,365	-15,515
	3,293	5,907	-2,614
	25,539	26,556	-1,017
	19,662	10,871	8,791
	3,939	4,504	-565
	2,055	2,800	-745
	20,124	16,387	3,737
	8,249	10,604	-2,355
	7,459	11,855	-4,396
	3,876	4,874	-998
	44,978	36,669	8,309
	13,180	2,574	10,606
	2,160	2,477	-317
	5,336	4,805	531
	104,168	119,680	-15,512
	5,870	6,113	-243
	2,140	3,381	-1,241
	6,985	1,215	5,770
	5,311	1,445	3,866
	61,464	28,898	32,566
	3,083	4,190	-1,107
	22,442	9,541	12,901
	2,470	3,318	-848
	6,587	2,546	4,041
	693	923	-230
	23,098	11,545	11,553
	8,901	4,800	4,101
	47,972	49,157	-1,185
	3,056	3,776	-720
	1,698	2,288	-590
	1,358	1,937	-579
	50,081	19,260	30,821
	3,144	3,011	133
	41,332	23,902	17,430
	36,990	42,340	-5,350
	118,042	21,447	96,595
	3,927	4,892	-965
	1,534	2,339	-805
	2,761	4,801	-2,040
	28,720	30,959	-2,239
	7,419	9,089	-1,670
	69,868	33,270	36,598
	46,347	19,517	26,830
	13,187	18,026	-4,839
	2,211	2,520	-309
	4,791	4,689	102
	22,112	17,598	4,514
	13,491	8,747	4,744
	33,329	18,527	14,802
	9,293	7,564	1,729
	5,586	5,997	-411
	4,007	4,116	-109
	56,433	17,597	38,836
	38,918	31,447	7,471
	15,995	19,961	-3,966
	7,733	1,301	6,432
	4,771	7,301	-2,530
	30,609	33,017	-2,408
	49,182	22,715	26,467
	58,798	27,213	31,585
	2,749	7,148	-4,399
	22,255	32,809	-10,554
	24,718	15,351	9,367
	32,595	31,320	1,275
	14,548	9,855	4,693
	10,251	4,410	5,841
	2,777	3,163	-386
	39,547	21,920	17,627
	5,450	4,035	1,415
	20,027	24,006	-3,979
	461,188	457,610	3,578
	4,043	4,738	-695
	25,361	21,676	3,685
	1,609	1,484	125
	463,098	457,610	5,488
	5,137	3,569	1,568
	16,920	14,813	2,107
	49,884	40,635	9,249
	75,225	87,584	-12,359
	8,632	7,598	1,034
	578	619	-41
	1,740	1,744	-4
	2,082	2,082
	4,446	4,042	404
	4,519	4,177	342
	6,997	6,431	566
	587	666	-79
	3,011	3,019	-8
	1,656	1,678	-22
	1,231	861	370
	3,098	2,756	342
	2,798	2,810	-12
	14,593	14,514	79
	49,727	55,075	-5,348
	20	21	-1
	5,053	3,926	1,127
	5,351	5,133	218
	2,623	2,657	-34
	3,328	3,353	-25
	2,079	2,001	78
	5,498	5,570	-72
	3,165	3,226	-61
	2,932	2,991	-59
	1,976	1,407	569
	20,367	20,329	38
	5,254	5,327	-73
	1,028	966	62
	4,305	2,583	1,722
	9,442	8,128	1,314
	30,411	25,539	4,872
	66,581	55,159	11,422
	5,106	4,616	490
	93,881	60,478	33,403
	68,714	57,234	11,480
	44,785	37,486	7,299
	1,355	1,245	110
	1,817	452	1,365
	962	934	28
	32,532	32,371	161
	21,200	21,319	-119
	10,709	10,770	-61
	725	707	18
	4,023	3,306	717
	472	461	11
	105,595	85,520	20,075
	2,144	1,892	252
	2,251	1,936	315
	54,087	53,760	327
	33,049	32,641	408
	47,025	38,813	8,212
	11,847	9,450	2,397
	63,797	63,859	-62
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246
			63,246

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			8,414
b			-259
c			9,050
d			36,159
e			380
			7,246
			542
			405
			7,849
			159
			27
			280
			1,363
			-20,162
			-195
			-24,796
			148
			376
			366
			-4

			-1,750
			-5
			232
			17
			-310
			260
			1,820
			-1,245
			737
			2,331
			1,419
			1,577
			792
			669
			655
			621
			98
			811
			966
			1,073
			1,092
			1,580
			611
			1,966
			524
			716
			1,358
			511
			862
			165
			2,353
			2,665
			1,636
			2,134
			857
			1,004
			2,708
			612
			84
			1,124
			14
			204
			940
			690
			597
			707
			857
			1,533
			182
			23
			2,185
			461
			1,763
			1,087
			1,902
			538
			753
			250
			1,513
			1,125
			1,114
			1,198
			272
			165
			88
			493
			175
			1,148
			211
			1,409
			290
			489
			2,916
			3,520
			3,160
			1,990
			1,760
			5,348
			2,348
			1,511
			1,941
			676
			1,392
			1,178
			2,196
			802
			1,060
			461

			-182
			450
			851
			668
			959
			376
			2,362
			2,432
			7
			889
			286
			172
			-2,735
			845
			782
			2,571
			104,561
			9,779
			-2,142
			-6,258
			9,471
			-1,776
			10,905
			10,708
			15,785
			936
			-1,060
			4,797
			-2,835
			5,042
			444
			19,287
			13,792
			-2,889
			6,430
			443
			32
			-2,614
			-1,973
			990
			-338
			-15,515
			-2,614
			-1,017
			8,791
			-565
			-745
			3,737
			-2,355
			-4,396
			-998
			8,309
			10,606
			-317
			531
			-15,512
			-243
			-1,241
			5,770
			3,866
			32,566
			-1,107
			12,901
			-848
			4,041
			-230
			11,553
			4,101
			-1,185
			-720
			-590
			-579
			30,821
			133
			17,430
			-5,350
			96,595
			-965
			-805
			-2,040
			-2,239
			-1,670
			36,598
			26,830
			-4,839
			-309
			102
			4,514
			4,744
			14,802
			1,729
			-411
			-109
			38,836
			7,471
			-3,966
			6,432
			-2,530
			-2,408
			26,467
			31,585
			-4,399
			-10,554
			9,367
			1,275
			4,693
			5,841
			-386
			17,627
			1,415
			-3,979
			3,578
			-695
			3,685
			125
			5,488
			1,568
			2,107
			9,249
			-12,359
			1,034
			-41
			-4

			404
			342
			566
			-79
			-8
			-22
			370
			342
			-12
			79
			-5,348
			-1
			1,127
			218
			-34
			-25
			78
			-72
			-61
			-59
			569
			38
			-73
			62
			1,722
			1,314
			4,872
			11,422
			490
			33,403
			11,480
			7,299
			110
			1,365
			28
			161
			-119
			-61
			18
			717
			11
			20,075
			252
			315
			327
			408
			8,212
			2,397
			-62

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	897,698
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	13,299
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	13,299
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	13,299
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	4,380
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	15,569
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	19,949
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
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	6,650
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax6,650	Refunded	11	0

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

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

The books are in care of bullet

BRANCH BANKING AND TRUST CO Telephone no. bullet

(610) 371-2091

Located at bullet

1340 BROADCASTING RD SUITE 100WYOMISSINGPA ZIP+4 bullet

19610

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-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
BRANCH BANKING AND TRUST CO	TRUSTEE 5	41,937
1340 BROADCASTING ROAD SUITE 100 WYOMISSING,PA19610	TRUSTEE 5	41,937

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
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2020)

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

3,806,805

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

130,604

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

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

3,937,409

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

3,937,409

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

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

59,061

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

3,878,348

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

193,917

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

193,917

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

13,299

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

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

13,299

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

180,618

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

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

180,618

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

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

180,618

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 ..........

176,868

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

176,868

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

176,868

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					180,618
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	0
b From 2016......	0
c From 2017......	0
d From 2018......	5,022
e From 2019......	33,630
fTotal of lines 3a through e........		38,652
4Qualifying distributions for 2020 from Part
XII, line 4: $ 176,868
a Applied to 2019, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2020 distributable amount.....					176,868
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.		3,750			3,750
(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		34,902
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		34,902
10 Analysis of line 9:
a Excess from 2016....	0
b Excess from 2017....	0
c Excess from 2018....	1,272
d Excess from 2019....	33,630
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:

Hughes Scholarship Foundations
1340 BROADCASTING ROAD SUITE 100
Wyomissing,PA19610
(610) 372-6414

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

Complete written scholarship application. Include high schoo transcript, verification of enrollment and certification of acceptance to Institution for which you are requesting award

cAny submission deadlines:

June 19

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

Award is for tuition only

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
KYLIE BROWN C/O LONG ISLAND UNIVERSITY 70 NY-340 ORANGEBURG,NY10962	NONE	I	SCHOLARSHIP	2,560
HANNAH MOGFORD C/O TEMPLE UNIVERSITY 1801 N BROAD ST PHILADELPHIA,PA19122	NONE	I	SCHOLARSHIP	5,200
HARRY MAYRHOFER C/O OBERLIN COLLEGE 173 W LORAIN ST OBERLIN,OH44074	NONE	I	SCHOLARSHIP	9,500
MARLIN THOMAS C/O UNIVERSITY OF MARYLAND 8278 PAINT BRANCH DR BERWYN HEIGHTS,MD20740	NONE	I	SCHOLARSHIP	7,270
RYDER HUEY C/O KUTZTOWN UNIVERSITY OF PENNSYLVANIA 15200 KUTZTOWN RD KUTZTOWN,PA19530	NONE	I	SCHOLARSHIP	5,450
MARY FETTERMAN C/O RIDER UNIVERSITY 2083 LAWRENCEVILLE RD LAWRENCEVILLE,NJ08648	NONE	I	SCHOLARSHIP	9,050
LYDIA FORSYTHE C/O RUTGERS UNIVERSITY 57 US HIGHWAY 1 NEW BRUNSWICK,NJ089018554	NONE	I	SCHOLARSHIP	9,500
MARGARET FOIGHT C/O KENYON COLLEGE 106 COLLEGE PARK DR GAMBIER,OH43022	NONE	I	SCHOLARSHIP	8,980
MARIA MARMAROU C/O TEMPLE UNIVERSITY 1801 N BROAD ST PHILADELPHIA,PA19122	NONE	I	SCHOLARSHIP	2,850
DAVID HELMER C/O RIDER UNIVERSITY 2083 LAWRENCEVILLE RD LAWRENCEVILLE,NJ08648	NONE	I	SCHOLARSHIP	4,750
ANTHONY NEAL C/O PENN STATE UNIVERSITY SHIELDS BUILDING CURTIN RD 314 UNIVERSITY PARK,PA16802	NONE	I	SCHOLARSHIP	3,600
OLIVIA SICA C/O MUHLENBERG COLLEGE 2400 W CHEW ST ALLENTOWN,PA18104	NONE	I	SCHOLARSHIP	1,000
MADELYN LEE C/O MARYWOOD UNIVERSITY 2300 ADAMS AVE SCRANTON,PA18509	NONE	I	SCHOLARSHIP	8,460
MARK ALAN STONE C/O NEW YORK UNIVERSITY 383 LAFAYETTE STREET NEW YORK,NY10003	NONE	I	SCHOLARSHIP	9,500
MAKAELA GATTO C/O BERKLEE COLLEGE OF MUSIC 921 BOYLSTON STREET BOSTON,MA02215	NONE	I	SCHOLARSHIP	2,730
DANIEL TROUT JR C/O SHENANDOAH UNIVERSITY 1460 UNIVERSITY DR WINCHESTER,VA22601	NONE	I	SCHOLARSHIP	7,600
APRILLE MOHN C/O ELIZABETHTOWN COLLEGE 1 ALPHA DRIVE ELIZABETHTOWN,PA17022	NONE	I	SCHOLARSHIP	8,320
HUNTER MOUNTZ C/O SALEM STATE UNIVERSITY 352 LAFAYETTE ST SALEM,MA01970	NONE	I	SCHOLARSHIP	8,060
CHRISTINA RICKENBACH C/O SUSQUEHANNA UNIVERSITY 514 UNIVERSITY AVE SELINSGROVE,PA17870	NONE	I	SCHOLARSHIP	2,000
ANDREW SANTORO C/O LEBANON VALLEY COLLEGE 101 COLLEGE AVE ANNVILLE,PA17003	NONE	I	SCHOLARSHIP	6,360
EMILY ULMER C/O UNIVERSITY OF GLASGOW UNIVERSITY AVENUE GLASGOW,SCOTLANDG12 8QQ UK	NONE	I	SCHOLARSHIP	9,180
SALLY FETTERMAN C/O GETTYSBURG 300 N WASHINGTON GETTYSBURG,PA17325	NONE	I	SCHOLARSHIP	6,810
KATIE POLKUS C/O PENNSYLVANIA COLLEGE OF TECHNOLOGY 1 COLLEGE AVE WILLIAMSPORT,PA17701	NONE	I	SCHOLARSHIP	8,320
MAYA SIMMS C/O SYRACUSE UNIVERSITY 900 SOUTH COURSE AVE SYRACUSE,NY13244	NONE	I	SCHOLARSHIP	8,850
Total ................................. 3a				155,900

bApproved for future payment

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

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 ...........
4 Dividends and interest from securities....			14	81,153
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	897,698
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)..				978,851

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

978,851

(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

Name of Bond	End of Year Book Value	End of Year Fair Market Value
256210105 DODGE & COX INCOME F	122,135	120,571
258620103 DOUBLELINE TOTAL RET	123,535	122,990
722005816 PIMCO INVESTMENT GRA	203,707	205,477
74316J540 MUZINICH CREDIT OPPO	121,081	121,682
957663677 WESTERN ASSET CORE B	246,402	243,671

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
207019704 CONESTOGA SMALL CAP-	AT COST	34,668	145,989
233203843 DFA US SMALL CAP POR	AT COST	107,034	124,453
277902235 EATON VANCE -ATLANTA	AT COST	305,029	347,199
416645828 HARTFORD DIVIDEND AN	AT COST	376,646	449,205
4812A1142 JP MORGAN US EQUITY	AT COST	244,817	290,853
92206C672 VANGUARD RUSSELL 100	AT COST	365,110	467,188
00770G847 JOHCM INTERNATIONAL	AT COST	80,443	87,877
38147N293 GOLDMAN SACHS GQG PA	AT COST	155,416	155,678
412295107 HARDING LOEVNER INTE	AT COST	180,100	225,582
412295875 HARDING LOEVNER INTE	AT COST	153,641	164,988
55273E848 MFS INTERNATIONAL GR	AT COST	204,376	254,509
46137V357 INVESCO S&P 500 EQUA	AT COST	155,660	156,747
464287499 ISHARES RUSSELL MIDC	AT COST	101,026	105,156
921908844 VANGUARD DIVIDEND AP	AT COST	321,972	411,934

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL ESTIMATES - PRINCIPAL	4,167	0		0
FOREIGN TAXES ON QUALIFIED FOR	1,034	1,034		0

Description	Amount
ROC ADJUSTMENT	83
2020 TRANSACTIONS POSTED IN 2021	3,227
COST BASIS ADJUSTMENT	17