Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 07-01-2020 , and ending 06-30-2021
Name of foundation
JAMES L & NELLIE WESTLAKE SFUND-UMA
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

43-6248269
B Telephone number (see instructions)

(314) 418-2643
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$24,491,082J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 482,776 482,235  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,590,888
b Gross sales price for all assets on line 6a 6,418,672
7 Capital gain net income (from Part IV, line 2)... 1,590,888
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)....... Click to see attachment 275 275  
12 Total. Add lines 1 through 11........ 2,073,939 2,073,398  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 158,754 79,377   79,377
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)....... Click to see attachment 16,980 0 0 16,980
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 32,628 5,217   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)....... Click to see attachment 157 157    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 208,519 84,751 0 96,357
25 Contributions, gifts, grants paid....... 999,472 999,472
26 Total expenses and disbursements. Add lines 24 and 25 1,207,991 84,751 0 1,095,829
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 865,948
b Net investment income (if negative, enter -0-) 1,988,647
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 239 239 239
2 Savings and temporary cash investments......... 719,775 498,341 498,341
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 8,209,893 Click to see attachment5,525,247 7,758,078
c Investments—corporate bonds (attach schedule)....... 1,508,652 Click to see attachment1,808,652 1,768,106
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 9,290,978 Click to see attachment12,770,355 14,466,318
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 19,729,537 20,602,834 24,491,082
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 19,729,537 20,602,834
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)..... 19,729,537 20,602,834
30 Total liabilities and net assets/fund balances (see instructions). 19,729,537 20,602,834
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
19,729,537
2
Enter amount from Part I, line 27a .....................
2
865,948
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
7,679
4
Add lines 1, 2, and 3 ..........................
4
20,603,164
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
330
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
20,602,834
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 2425. AIA GROUP LTD ADR     2020-07-06
b 224. ADIDAS AG A D R   2019-02-07 2020-07-06
c 2622. AIR LIQUIDE ADR     2020-07-06
d 1215. ALFA LAVAL AB SWEDEN ADR UNSOLICITED BOU   2017-08-11 2020-07-06
e 2958. ALLIANZ SE UNSP A D R     2020-07-06
190. ATLAS AIR INC   2019-02-07 2020-07-06
1304. ATLAS COPCO AB SPONS A D R     2020-07-06
7287. BANCO BILBAO VIZCAYA ARGEN A D R     2020-07-06
221. BOISE CASCADE CO   2018-01-26 2020-07-06
668. DBS GROUP HLDGS LTD     2020-07-06
416. DASSAULT SYSTEMES S.A. SPA ADR   2011-06-30 2020-07-06
212. DENTSU INC UNSPON A D R   2019-02-07 2020-07-06
1956. EPIROC AB UNSP A D R   2019-02-07 2020-07-06
1668. FANUC CORPORATION A D R     2020-07-06
1919. FUCHS PETROLUB SE PREF A D R     2020-07-06
1000. GRIFOLS SA A D R     2020-07-06
608. H D F C BK LTD A D R     2020-07-06
151. HEALTHEQUITY INC   2019-02-07 2020-07-06
941. HOSTESS BRANDS INC   2019-02-07 2020-07-06
2890. ICICI BANK LTD A D R   2017-08-11 2020-07-06
2057. INFINEON TECHNOLOGIES A G A D R     2020-07-06
1533. ISHARES S P 500 E T F   2019-11-05 2020-07-06
4164. ITAU UNIBANCO HOLDINGS SA A D R     2020-07-06
407. KOMATSU LTD - SPON ADR   2019-02-07 2020-07-06
376. KUBOTA LTD A D R     2020-07-06
1189. LOREAL UNSPONSORED A D R     2020-07-06
1597. LONZA GROUP AG UNSPON A D R   2019-02-07 2020-07-06
241. NOVOZYMES A S UNSPONS A D R   2019-02-07 2020-07-06
482. OUTFRONT MEDIA INC   2019-02-07 2020-07-06
942. POST HOLDINGS INC   2018-01-26 2020-07-06
620. PROSUS NV SPON ADR A D R   2019-09-16 2020-07-06
2682. ROCHE HLDG LTD SPONSORED ADR     2020-07-06
947. ROYAL DUTCH SHELL A D R   2017-08-11 2020-07-06
629. SASOL LTD SPONSORED ADR     2020-07-06
830. SONOVA HOLDING UNSPON ADR   2011-11-23 2020-07-06
248. SUPERNUS PHARMACEUTICALS INC   2017-08-11 2020-07-06
873. SYSMEX CORP UNSPON A D R     2020-07-06
1213. TRI POINTE GROUP INC   2017-08-11 2020-07-06
532. TENCENT HLDGS LTD A D R   2019-02-07 2020-07-06
780. TIVITY HEALTH INC     2020-07-06
435. VERINT SYS INC COM   2017-11-29 2020-07-06
509. VOCERA COMMUNICATIONS INC   2019-02-07 2020-07-06
867. HORIZON THERAPEUTICS PLC   2017-08-11 2020-07-06
283. TRANE TECHNOLOGIES PLC     2020-07-06
379. YANDEX NV   2019-02-07 2020-07-06
.5003 SONOVA HOLDING UNSPON ADR   2011-11-23 2020-07-09
.672 FIRST HORIZON NATIONAL CORP   2019-02-07 2020-07-14
.2 CALLON PETROLEUM COMPANY   2017-11-29 2020-09-10
2950. MYLAN NV   2019-06-19 2020-11-17
1. PFIZER INC   1911-11-11 2020-11-20
.5003 VIATRIS INC   2019-06-19 2020-11-30
1. CITIGROUP INC 5.85% 7/02/13   1911-11-11 2020-12-01
256. AMN HEALTHCARE SERVICES INC   2014-02-10 2020-12-03
253. ASGN INC   2017-08-11 2020-12-03
300. AMERICAN TOWER CORP     2020-12-03
347. BAIDU COM INC A D R     2020-12-03
374. BLUCORA INC   2018-01-26 2020-12-03
1084. BUILDERS FIRSTSOURCE INC   2017-08-11 2020-12-03
78. CACI INTERNATIONAL INC CL A   2017-08-11 2020-12-03
924. CALLAWAY GOLF CO   2017-11-29 2020-12-03
120. CALLON PETROLEUM COMPANY   2017-11-29 2020-12-03
666. CANADIAN NATL RY CO COM   2011-06-30 2020-12-03
533. COLUMBIA PROPERTY TRUST INC   2017-08-11 2020-12-03
439. CROWN CASTLE INTL CORP   2019-02-07 2020-12-03
282. DAVE & BUSTERS ENTMT INC   2017-11-29 2020-12-03
178. DIGITAL REALTY TRUST INC   2018-01-26 2020-12-03
274. DIODES INC   2019-02-07 2020-12-03
181. DYCOM INDUSTRIES INC   2017-08-11 2020-12-03
204. EMCOR GROUP INC   2017-08-11 2020-12-03
213. ENERGIZER HLDGS INC   2019-02-07 2020-12-03
154. ENERSYS     2020-12-03
420. ENTEGRIS INC   2010-12-30 2020-12-03
131. EVERCORE PARTNERS INC   2017-08-11 2020-12-03
1332. FNB CORP   2017-08-11 2020-12-03
609. FIRST HORIZON NATIONAL CORP   2019-02-07 2020-12-03
334. GRANITE CONSTR INC COM   2017-08-11 2020-12-03
1620. GRAPHIC PACKAGING HLDG CO   2013-02-13 2020-12-03
386. HSBC HLDGS PLC SPONSORED ADR NEW   2017-08-11 2020-12-03
561. HUDSON PACIFIC PROPERTIES INC   2017-08-11 2020-12-03
1075. HUNTSMAN CORP     2020-12-03
63. ICU MEDICAL INC   2017-08-11 2020-12-03
2354. ISHARES CORE MSCI EMERGING MKTS ETF   2019-07-18 2020-12-03
194. J2 GLOBAL INC   2013-02-13 2020-12-03
115. LCI INDUSTRIES   2017-08-11 2020-12-03
657. LUMINEX CORP DEL   2019-02-07 2020-12-03
1400. MAGNA INTL INC CL A   2019-06-19 2020-12-03
172. MASONITE INTERNATIONAL CORP   2017-08-11 2020-12-03
411. MASTEC INC COM   2017-08-11 2020-12-03
247. MERCURY COMPUTER SYS INC   2017-08-11 2020-12-03
277. NETGEAR INC RESTR   2017-11-29 2020-12-03
158. NEXSTAR BROADCASTING GROUP A   2017-08-11 2020-12-03
1887. ON SEMICONDUCTOR CORP COM   2018-01-26 2020-12-03
177. ORMAT TECHNOLOGIES INC   2019-02-07 2020-12-03
194. OXFORD INDUSTRIES INC   2017-08-11 2020-12-03
498. PEBBLEBROOK HOTEL TRUST   2017-08-11 2020-12-03
894. RADIAN GROUP INC   2014-08-29 2020-12-03
378. REXNORD CORP   2019-02-07 2020-12-03
622. SAP AKTIENGESELLSCHAFT SPONSORED ADR     2020-12-03
641. SUNCOR ENERGY INC   2018-01-26 2020-12-03
192. SYNEOS HEALTH INC   2019-02-07 2020-12-03
446. TCF FINANCIAL CORP   2012-07-31 2020-12-03
1020. TTM TECHNOLOGIES   2018-01-26 2020-12-03
2094. TAIWAN SEMICONDUCTOR MFG SPON ADR     2020-12-03
93. II-VI INC   2019-09-09 2020-12-03
133. U.S. CONCRETE INC   2017-08-11 2020-12-03
571. UMPQUA HOLDINGS CORP   2017-08-11 2020-12-03
650. UNILEVER PLC SPONSORED ADR NEW     2020-12-03
385. UNITED COMMUNITY BANKS INC   2017-08-11 2020-12-03
1714. VONAGE HLDGS CORP   2018-01-26 2020-12-03
359. WESTERN ALLIANCE BANCORPORATION   2013-11-27 2020-12-03
227. WINTRUST FINANCIAL CORP   2013-11-27 2020-12-03
115. HELEN OF TROY LTD NEW   2017-08-11 2020-12-03
3817. MARVELL TECHNOLOGY GROUP LTD ORD   2018-01-26 2020-12-03
365. AMEREN CORP COM   2019-02-07 2021-04-16
312. CMS ENERGY CORP   2014-10-09 2021-04-16
127. CUMMINS INC.   2017-08-11 2021-04-16
1251. FLIR SYSTEMS INC     2021-04-16
251. GENERAL MOTORS CO   2019-02-07 2021-04-16
173. THE HERSHEY COMPANY   2019-02-07 2021-04-16
198. INCYTE GENOMICS INC   2019-02-07 2021-04-16
4694. ISHARES S P 500 E T F     2021-04-16
186. KIMBERLY CLARK CORP   2018-01-26 2021-04-16
208. LILLY ELI & CO COM W/RTS EXP 7/28/2008   2018-01-26 2021-04-16
353. MARSH MCLENNAN COS INC   2018-01-26 2021-04-16
1626. MASCO CORP COM W/RIGHTS ATTACHED EXP 12/06/2005   2018-01-26 2021-04-16
118. PARKER HANNIFIN CORP   2018-01-26 2021-04-16
496. ROBERT HALF INTL INC   2019-02-07 2021-04-16
729. SCHLUMBERGER LTD ORD     2021-04-16
290. T J X COS INC NEW   2018-01-26 2021-04-16
255. WEC ENERGY GROUP INC   2018-01-26 2021-04-16
225. WASTE MGMT INC DEL COM   2018-01-26 2021-04-16
.5 ORGANON CO   2014-08-29 2021-06-22
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(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 97,968   42,479 55,489
b 31,437   25,435 6,002
c 77,662   50,436 27,226
d 26,912   27,556 -644
e 62,087   39,020 23,067
8,518   9,826 -1,308
56,918   33,834 23,084
26,597   70,133 -43,536
8,273   9,995 -1,722
42,268   29,006 13,262
74,192   17,772 56,420
5,111   9,866 -4,755
24,665   18,191 6,474
30,274   28,053 2,221
19,976   22,553 -2,577
19,090   21,610 -2,520
29,641   29,695 -54
9,216   10,913 -1,697
11,585   10,878 707
28,061   25,866 2,195
49,737   50,090 -353
487,866   473,414 14,452
21,319   30,888 -9,569
8,404   9,821 -1,417
27,786   32,084 -4,298
77,830   33,097 44,733
87,468   44,253 43,215
14,185   10,544 3,641
6,777   9,989 -3,212
83,657   73,914 9,743
11,867   9,502 2,365
117,846   67,160 50,686
29,689   54,616 -24,927
5,108   22,246 -17,138
35,415   16,070 19,345
5,901   10,236 -4,335
32,457   12,012 20,445
17,262   16,691 571
35,994   23,376 12,618
9,051   21,517 -12,466
19,608   19,031 577
10,871   20,349 -9,478
49,907   10,222 39,685
25,896   15,347 10,549
19,545   12,541 7,004
20   10 10
6   11 -5
1   22 -21
46,477   54,156 -7,679
127     127
8   9 -1
377     377
16,959   3,660 13,299
19,953   11,898 8,055
68,067   62,653 5,414
50,173   72,610 -22,437
4,798   9,116 -4,318
38,981   17,707 21,274
18,827   10,108 8,719
21,040   13,490 7,550
1,298   12,944 -11,646
70,744   26,460 44,284
7,670   11,294 -3,624
72,999   51,141 21,858
7,608   14,393 -6,785
23,818   19,830 3,988
19,361   9,820 9,541
12,131   15,384 -3,253
17,506   13,318 4,188
9,190   9,611 -421
12,563   3,085 9,478
39,504   3,196 36,308
12,353   10,067 2,286
12,307   17,275 -4,968
7,838   10,106 -2,268
8,510   17,417 -8,907
25,596   12,085 13,511
10,912   18,482 -7,570
14,848   17,761 -2,913
26,982   34,276 -7,294
12,119   10,376 1,743
142,496   121,253 21,243
17,851   6,173 11,678
14,748   10,939 3,809
15,612   15,755 -143
86,883   66,220 20,663
16,626   10,131 6,495
25,033   16,687 8,346
17,868   11,525 6,343
9,319   8,876 443
17,508   10,084 7,424
55,554   46,861 8,693
13,563   10,064 3,499
11,725   11,984 -259
9,532   15,970 -6,438
17,510   13,026 4,484
14,376   9,820 4,556
76,383   37,771 38,612
10,490   24,005 -13,515
12,092   9,851 2,241
15,685   10,172 5,513
13,612   17,233 -3,621
209,585   39,138 170,447
6,478   3,455 3,023
4,897   10,221 -5,324
8,217   9,862 -1,645
37,520   21,174 16,346
9,760   9,971 -211
23,927   18,955 4,972
19,597   8,282 11,315
13,201   10,288 2,913
23,835   11,540 12,295
174,564   89,151 85,413
30,751   25,295 5,456
19,896   9,595 10,301
33,370   19,720 13,650
72,991   64,056 8,935
14,701   9,734 4,967
27,811   18,412 9,399
16,299   15,899 400
1,962,129   1,421,985 540,144
25,934   22,533 3,401
39,300   17,888 21,412
45,054   29,909 15,145
104,250   74,072 30,178
37,601   24,583 13,018
41,089   31,449 9,640
19,144   52,416 -33,272
20,259   11,600 8,659
24,681   16,271 8,410
30,339   20,018 10,321
15   14 1
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
      13,443
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       55,489
b       6,002
c       27,226
d       -644
e       23,067
      -1,308
      23,084
      -43,536
      -1,722
      13,262
      56,420
      -4,755
      6,474
      2,221
      -2,577
      -2,520
      -54
      -1,697
      707
      2,195
      -353
      14,452
      -9,569
      -1,417
      -4,298
      44,733
      43,215
      3,641
      -3,212
      9,743
      2,365
      50,686
      -24,927
      -17,138
      19,345
      -4,335
      20,445
      571
      12,618
      -12,466
      577
      -9,478
      39,685
      10,549
      7,004
      10
      -5
      -21
      -7,679
      127
      -1
      377
      13,299
      8,055
      5,414
      -22,437
      -4,318
      21,274
      8,719
      7,550
      -11,646
      44,284
      -3,624
      21,858
      -6,785
      3,988
      9,541
      -3,253
      4,188
      -421
      9,478
      36,308
      2,286
      -4,968
      -2,268
      -8,907
      13,511
      -7,570
      -2,913
      -7,294
      1,743
      21,243
      11,678
      3,809
      -143
      20,663
      6,495
      8,346
      6,343
      443
      7,424
      8,693
      3,499
      -259
      -6,438
      4,484
      4,556
      38,612
      -13,515
      2,241
      5,513
      -3,621
      170,447
      3,023
      -5,324
      -1,645
      16,346
      -211
      4,972
      11,315
      2,913
      12,295
      85,413
      5,456
      10,301
      13,650
      8,935
      4,967
      9,399
      400
      540,144
      3,401
      21,412
      15,145
      30,178
      13,018
      9,640
      -33,272
      8,659
      8,410
      10,321
      1
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,590,888
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 27,642
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 27,642
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 27,642
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 18,190
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 18,190
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.......Bullet 9 9,452
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMO
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletUS BANK NA Telephone no.bullet (314) 418-2682

    Located atbulletPO BOX 387ST LOUISMO ZIP+4bullet63166
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    US BANK NA TRUSTEE
    1     		158,754    
    PO BOX 387
    ST LOUIS,MO63166
    DON HUGO AWARDS COMMITTEE
    1     		0    
    2 RIVER TRAIL DRIVE
    ST CHARLES,MO63303
    ANNE GOLTERMAN AWARDS COMMITTEE
    1     		0    
    10619 FOREST LAWN COURT
    ST LOUIS,MO63128
    CRAIG HANNICK AWARDS COMMITTEE
    1     		0    
    30 JOY AVENUE
    WEBSTER GROVES,MO63119
    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...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    21,691,298
    b
    Average of monthly cash balances.......................
    1b
    633,923
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    22,325,221
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    22,325,221
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    334,878
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    21,990,343
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,099,517
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,099,517
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    27,642
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    27,642
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,071,875
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,071,875
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,071,875
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,095,829
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,095,829
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,095,829
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 1,071,875
    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...... 155,041
    c From 2017...... 473,241
    d From 2018...... 0
    e From 2019...... 163,953
    fTotal of lines 3a through e........ 792,235
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,095,829
    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..... 1,071,875
    e Remaining amount distributed out of corpus 23,954
    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 5 816,189
    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 ......     		816,189
    10 Analysis of line 9:
    a Excess from 2016.... 155,041
    b Excess from 2017.... 473,241
    c Excess from 2018.... 0
    d Excess from 2019.... 163,953
    e Excess from 2020.... 23,954
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    SCHOLARSHIP MANAGEMENT SERVICES
    PO BOX 297
    ST PETER,MN56082
    (507) 931-1682
    bThe form in which applications should be submitted and information and materials they should include:
    CONTACT THE ABOVE
    cAny submission deadlines:
    CONTACT THE ABOVE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CONTACT THE ABOVE
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    SCHOLARSHIP AMERICA
    C/O FIRST NATIONAL BANK MINNESOTA
    PO BOX 240
    ST PETER,MN56082     		NONE PC GENERAL OPERATING 999,472
    Total .................................bullet 3a 999,472
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 482,776  
    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 1,590,888  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME     		    1 275  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   2,073,939  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,073,939
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    JAMES L & NELLIE WESTLAKE SFUND-UMA
    EIN:
    43-6248269
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 16,980     16,980

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    JAMES L & NELLIE WESTLAKE SFUND-UMA
    EIN:
    43-6248269
    Name of Bond End of Year Book Value End of Year Fair Market Value
    72369L107 PIONEER ILS INTERVAL 500,000 456,131
    74440B884 PGIM TOTAL RETURN BO 1,308,652 1,311,975

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    JAMES L & NELLIE WESTLAKE SFUND-UMA
    EIN:
    43-6248269
    Name of Stock End of Year Book Value End of Year Fair Market Value
    049255706 ATLAS COPCO AB SPONS    
    H1467J104 CHUBB LTD 17,809 29,563
    806857108 SCHLUMBERGER LTD    
    594918104 MICROSOFT CORP 11,180 112,153
    771195104 ROCHE HOLDINGS LTD S    
    237545108 DASSAULT SYSTEMES SA    
    91324P102 UNITED HEALTH GROUP 42,993 90,900
    803054204 SAP SE SPONSORED A D    
    465562106 ITAU UNIBANCO HOLDIN    
    23304Y100 DBS GROUP HLDGS LTD    
    001317205 AIA GROUP LTD ADR    
    307305102 FANUC CORPORATION A    
    48123V102 J2 GLOBAL INC    
    803866300 SASOL LTD SPONSORED    
    949746101 WELLS FARGO CO 37,475 25,861
    57636Q104 MASTERCARD INC 26,300 137,639
    904767704 UNILEVER PLC SPSD AD    
    58933Y105 MERCK AND CO INC 33,929 49,384
    29275Y102 ENERSYS    
    87184P109 SYSMEX CORP UNSPON A    
    009126202 AIR LIQUIDE S A A D    
    001744101 AMN HEALTHCARE SERVI    
    09739D100 BOISE CASCADE CO    
    35952Q106 FUCHS PETROLUB SE PR    
    136375102 CANADIAN NATL RY CO    
    502117203 LOREAL UNSPONSORED A    
    29362U104 ENTEGRIS INC    
    46625H100 J P MORGAN CHASE CO 9,650 70,615
    037833100 APPLE INC 21,670 152,847
    097023105 BOEING CO 24,013 16,769
    717081103 PFIZER INC 34,670 47,814
    05946K101 BANCO BILBAO VIZCAYA    
    388689101 GRAPHIC PACKAGING HL    
    83569C102 SONOVA HOLDING UNSPO    
    957638109 WESTERN ALLIANCE BAN    
    056752108 BAIDU COM INC A D R    
    125896100 C M S ENERGY CORP    
    375558103 GILEAD SCIENCES INC 60,103 61,699
    03027X100 AMERICAN TOWER CORP    
    97650W108 WINTRUST FINANCIAL C    
    G5960L103 MEDTRONIC PLC 21,640 30,908
    166764100 CHEVRON CORPORATION 28,024 30,794
    00206R102 ATT INC 29,864 24,204
    742718109 PROCTER GAMBLE CO 27,403 42,233
    874039100 TAIWAN SEMICONDUCTOR    
    750236101 RADIAN GROUP INC    
    88579Y101 3M CO 37,952 29,199
    09062X103 BIOGEN, INC 40,645 49,517
    198287203 COLUMBIA PROPERTY TR    
    369550108 GENERAL DYNAMICS COR 48,045 40,288
    580135101 MCDONALDS CORP 19,200 25,178
    437076102 HOME DEPOT INC 49,737 77,171
    101137107 BOSTON SCIENTIFIC CO 38,502 58,154
    458140100 INTEL CORP 42,979 48,280
    478160104 JOHNSON JOHNSON 75,061 85,665
    574599106 MASCO CORP    
    918204108 V F CORP 37,543 40,528
    053015103 AUTOMATIC DATA PROCE 24,232 39,525
    131193104 CALLAWAY GOLF CO    
    G4388N106 HELEN OF TROY LTD    
    02079K107 ALPHABET INC CL C 65,649 140,354
    88870R102 TIVITY HEALTH INC    
    904214103 UMPQUA HOLDINGS CORP    
    45662N103 INFINEON TECHNOLOGIE    
    095229100 BLUCORA INC    
    N53745100 LYONDELLBASELL INDUS 75,105 85,999
    65339F101 NEXTERA ENERGY INC 15,578 31,071
    64111Q104 NETGEAR INC RESTR    
    589378108 MERCURY COMPUTER SYS    
    50189K103 LCI INDUSTRIES    
    09247X101 BLACKROCK INC 35,074 52,498
    G5876H105 MARVELL TECHNOLOGY G    
    74144T108 T ROWE PRICE GROUP I 15,003 25,142
    00191U102 ASGN INC    
    12572Q105 CME GROUP INC 25,531 35,092
    780259107 ROYAL DUTCH SHELL A    
    231021106 CUMMINS INC    
    701094104 PARKER HANNIFIN CORP    
    691497309 OXFORD INDUSTRIES IN    
    576323109 MASTEC INC    
    44930G107 ICU MEDICAL INC    
    94106L109 WASTE MGMT INC    
    302445101 FLIR SYSTEMS INC    
    404280406 HSBC HOLDINGS PLC SP    
    70509V100 PEBBLEBROOK HOTEL TR    
    92939U106 WEC ENERGY GROUP INC    
    907818108 UNION PACIFIC CORP 43,741 72,137
    267475101 DYCOM INDUSTRIES INC    
    737446104 POST HOLDINGS INC    
    127190304 CACI INTERNATIONAL I    
    29084Q100 EMCOR GROUP INC    
    867224107 SUNCOR ENERGY INC    
    438516106 HONEYWELL INTERNATIO 40,271 56,154
    868459108 SUPERNUS PHARMACEUTI    
    92886T201 VONAGE HLDGS CORP    
    30303M102 FACEBOOK INC A 119,993 229,141
    238337109 DAVE & BUSTERS ENTMT    
    87305R109 TTM TECHNOLOGIES    
    87265H109 TRI POINTE GROUP INC    
    65336K103 NEXSTAR BROADCASTING    
    015393101 ALFA LAVAL AB SWEDEN    
    025537101 AMERICAN ELECTRIC PO 15,472 19,117
    302520101 FNB CORP    
    91913Y100 VALERO ENERGY CORP 27,712 22,019
    501173207 KUBOTA LTD A D R    
    682189105 ON SEMICONDUCTOR COR    
    398438408 GRIFOLS SA A D R    
    92343X100 VERINT SYS INC COM    
    494368103 KIMBERLY CLARK CORP    
    532457108 ELI LILLY CO    
    872540109 TJX COMPANIES INC    
    387328107 GRANITE CONSTRUCTION    
    571748102 MARSH MCLENNAN COS I    
    882508104 TEXAS INSTRUMENTS IN 34,847 59,998
    25746U109 DOMINION RESOURCES I 16,209 15,818
    444097109 HUDSON PACIFIC PROPE    
    90333L201 U.S. CONCRETE INC    
    02079K305 ALPHABET INC CL A 50,465 114,764
    253868103 DIGITAL REALTY TRUST    
    539830109 LOCKHEED MARTIN CORP 35,475 43,889
    13123X102 CALLON PETE CO DEL    
    40415F101 H D F C BK LTD A D R    
    575385109 MASONITE INTERNATION    
    235851102 DANAHER CORP 64,027 166,383
    29977A105 EVERCORE PARTNERS IN    
    G1151C101 ACCENTURE PLC CL A 12,117 22,109
    45104G104 ICICI BANK LTD A D R    
    12008R107 BUILDERS FIRSTSOURCE    
    447011107 HUNTSMAN CORP    
    90984P303 UNITED COMMUNITY BAN    
    20825C104 CONOCOPHILLIPS 62,021 55,724
    92826C839 VISA INC 51,038 70,146
    686688102 ORMAT TECHNOLOGIES I    
    254543101 DIODES INC    
    44109J106 HOSTESS BRANDS INC    
    023608102 AMEREN CORP    
    92857F107 VOCERA COMMUNICATION    
    22822V101 CROWN CASTLE INTL CO    
    249034109 DENTSU INC UNSPON A    
    110122108 BRISTOL MYERS SQUIBB 37,402 49,915
    76169B102 REXNORD CORP    
    29272W109 ENERGIZER HLDGS INC    
    54338V101 LONZA GROUP AG UNSPO    
    459200101 INTERNATIONAL BUSINE 16,794 18,470
    00687A107 ADIDAS AG A D R    
    770323103 ROBERT HALF INTL INC    
    42226A107 HEALTHEQUITY INC    
    G46188101 HORIZON THERAPEUTICS    
    450828108 I B E R I A B A N K    
    88032Q109 TENCENT HLDGS LTD A    
    69007J106 OUTFRONT MEDIA INC    
    G5494J103 LINDE PLC 25,101 45,100
    500458401 KOMATSU LTD A D R    
    808524847 SCHWAB US REIT ETF 757,024 796,746
    87166B102 SYNEOS HEALTH INC    
    29429L105 EPIROC AB UNSP A D R    
    55027E102 LUMINEX CORP DEL    
    98389B100 X CEL ENERGY INC 22,593 28,131
    670108109 NOVOZYMES A S UNSPON    
    260557103 DOW INC 11,546 9,745
    87612E106 TARGET CORP 66,260 222,159
    N59465109 MYLAN NV    
    464288877 ISHARES MSCI EAFE VA 777,673 879,920
    609207105 MONDELEZ INTERNATION 22,105 29,721
    247361702 DELTA AIR LINES INC 76,140 58,401
    024524217 AMERICAN BEACON STEP 435,756 658,581
    N97284108 YANDEX NV    
    46434G103 ISHARES CORE MSCI EM 1,083,498 1,466,813
    049164205 ATLAS AIR INC    
    45337C102 INCYTE GENOMICS INC    
    37045V100 GENERAL MOTORS CO    
    427866108 THE HERSHEY COMPANY    
    031162100 AMGEN INC 54,485 73,125
    559222401 MAGNA INTL INC CL    
    440452100 HORMEL FOODS CORP 52,533 62,075
    902104108 II-VI INC    
    285512109 ELECTRONIC ARTS INC 68,574 93,490
    012653101 ALBEMARLE CORP 95,447 193,729
    15135B101 CENTENE CORP COM 50,341 69,284
    872307103 TCF FINANCIAL CORP    
    G8994E103 TRANE TECHNOLOGIES P    
    595112103 MICRON TECHNOLOGY IN 78,363 123,221
    74365P108 PROSUS NV SPON ADR A    
    89832Q109 TRUIST FINL CORP 85,478 86,636
    45687V106 INGERSOLL RAND INC 4,468 12,154
    018820100 ALLIANZ SE UNSP A D    
    68622V106 ORGANON CO 1,662 1,906
    92556V106 VIATRIS INC 56,057 44,313

    TY 2020 InvestmentsOtherSchedule2
    Name:
    JAMES L & NELLIE WESTLAKE SFUND-UMA
    EIN:
    43-6248269
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    464287226 ISHARES CORE TOTAL U AT COST 3,236,831 3,340,879
    464287473 ISHARES RUSSELL MIDC AT COST 402,213 534,657
    4812A1696 JPMORGAN TR I US SMA AT COST 246,894 368,437
    464287200 ISHARES S P 500 E T AT COST 1,501,904 2,202,480
    024932154 AMERICAN CENTURY HIG AT COST 1,388,404 1,439,812
    258620103 DOUBLELINE TOTAL RET AT COST 1,735,869 1,708,238
    46432F842 ISHARES CORE MSCI EA AT COST 1,889,519 2,253,136
    464287804 I SHARES S P SMALLC AT COST 543,869 668,503
    464287499 ISHARES RUSSELL MIDC AT COST 1,824,852 1,950,176

    TY 2020 OtherDecreasesSchedule
    Name:
    JAMES L & NELLIE WESTLAKE SFUND-UMA
    EIN:
    43-6248269
    Description Amount
    COST BASIS ADJUSTMENT 330


    TY 2020 OtherExpensesSchedule
    Name:
    JAMES L & NELLIE WESTLAKE SFUND-UMA
    EIN:
    43-6248269
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 157 157   0


    TY 2020 OtherIncomeSchedule2
    Name:
    JAMES L & NELLIE WESTLAKE SFUND-UMA
    EIN:
    43-6248269
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 275 275  


    TY 2020 OtherIncreasesSchedule
    Name:
    JAMES L & NELLIE WESTLAKE SFUND-UMA
    EIN:
    43-6248269
    Description Amount
    MYLAN CORPORATE ACTION ADJUSTMENT 7,679


    TY 2020 TaxesSchedule
    Name:
    JAMES L & NELLIE WESTLAKE SFUND-UMA
    EIN:
    43-6248269
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 4,215 4,215   0
    FEDERAL TAX PAYMENT - PRIOR YE 9,221 0   0
    FEDERAL ESTIMATES - PRINCIPAL 18,190 0   0
    FOREIGN TAXES ON NONQUALIFIED 1,002 1,002   0