Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
WALRATH TW RES
 
Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118
A Employer identification number

51-6179755
B Telephone number (see instructions)

(888) 730-4933
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$5,350,155J 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... 90,097 87,748  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 27,419
b Gross sales price for all assets on line 6a 968,222
7 Capital gain net income (from Part IV, line 2)... 27,419
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 6,303 6,303  
12 Total. Add lines 1 through 11........ 123,819 121,470  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 59,089 53,180   5,909
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 1,068 0 0 1,068
c Other professional fees (attach schedule).... Click to see attachment 988 988   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,045 923   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 99 99    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 64,289 55,190 0 6,977
25 Contributions, gifts, grants paid....... 295,000 295,000
26 Total expenses and disbursements. Add lines 24 and 25 359,289 55,190 0 301,977
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -235,470
b Net investment income (if negative, enter -0-) 66,280
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............. 1,305 459 459
2 Savings and temporary cash investments......... 231,377 72,089 72,089
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).......   Click to see attachment475,551 620,908
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,669,747 Click to see attachment3,127,772 4,656,699
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) 3,902,429 3,675,871 5,350,155
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........ 3,902,429 3,675,871
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)..... 3,902,429 3,675,871
30 Total liabilities and net assets/fund balances (see instructions). 3,902,429 3,675,871
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
3,902,429
2
Enter amount from Part I, line 27a .....................
2
-235,470
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
10,099
4
Add lines 1, 2, and 3 ..........................
4
3,677,058
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,187
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,675,871
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 4. SUN CMNTYS INC COM   2019-12-13 2020-02-03
b 11. JONES LANG LASALLE INC   2018-03-15 2020-02-24
c 35. CORE LABORATORIES N V COM   2018-03-15 2020-02-26
d 3. AMERICAN TOWER CORP   2020-02-04 2020-03-09
e 1. EQUINIX INC   2019-05-23 2020-03-09
1. EQUINIX INC   2018-08-27 2020-03-09
17. HEALTHCARE RLTY TR COM   2019-09-06 2020-03-09
46. RETAIL OPPORTUNITY INVESTMENTS CORP   2019-08-21 2020-03-09
20. RETAIL OPPORTUNITY INVESTMENTS CORP   2018-03-29 2020-03-09
2. SIMON PROPERTY GROUP INC   2019-04-05 2020-03-09
39. SIMON PROPERTY GROUP INC   2016-11-18 2020-03-09
9. RBC BEARINGS INC   2018-03-15 2020-03-13
1932. ISHARES MSCI EAFE GROWTH ETF   2016-05-06 2020-03-17
2175. VANGUARD FTSE EMERGING MARKETS ETF   2009-02-17 2020-03-17
2286. ISHARES RUSSELL MID-CAP VALUE   2006-08-31 2020-04-16
561. ISHARES RUSSELL 2000 ETF   2017-02-06 2020-04-16
9. CASS INFORMATION SYS INC   2018-03-15 2020-04-20
27. CASS INFORMATION SYS INC   2018-03-15 2020-04-21
20. CASS INFORMATION SYS INC   2018-03-15 2020-04-22
7. COLFAX CORPORATION   2020-04-22 2020-05-05
2. DOLLAR GENERAL CORP   2020-04-22 2020-05-05
3. FIRST REPUBLIC BANK/SAN FRANCI   2020-04-22 2020-05-05
1. GARTNER INC   2020-04-22 2020-05-05
2. PROGRESSIVE CORP OHIO   2020-04-22 2020-05-05
2. SBA COMMUNICATIONS CORP   2020-04-22 2020-05-05
2. VERISK ANALYTICS INC   2020-04-22 2020-05-05
5. IHS MARKIT LTD   2020-04-22 2020-05-05
89. CINEMARK HOLDINGS INC   2018-03-15 2020-05-18
21. SITEONE LANDSCAPE SUPPLY INC   2018-03-15 2020-05-20
1. DOLLAR GENERAL CORP   2020-04-22 2020-06-01
2. DOMINOS PIZZA INC   2020-04-22 2020-06-01
5. FIRST REPUBLIC BANK/SAN FRANCI   2020-04-22 2020-06-01
7. LIBERTY FORMULA ONE COMMON STOCK   2020-04-22 2020-06-01
6. IHS MARKIT LTD   2020-04-22 2020-06-01
9. LIBERTY GLOBAL PLC-A   2020-04-22 2020-06-01
16. LIBERTY GLOBAL PLC-SERIES C   2020-04-22 2020-06-01
3. AMERCO   2020-04-22 2020-06-03
3. BLACK KNIGHT INC   2020-04-22 2020-06-03
4. TRANSUNION   2020-04-22 2020-06-03
213. HUDSON PACIFIC PROPERTIES INC   2018-03-29 2020-06-11
494. RETAIL OPPORTUNITY INVESTMENTS CORP   2018-03-29 2020-06-11
1. AMERICAN TOWER CORP   2020-02-04 2020-06-19
11. AMERICAN TOWER CORP   2018-03-29 2020-06-19
6. CORESITE REALTY CORP   2019-05-23 2020-06-19
6. EQUINIX INC   2018-03-29 2020-06-19
42. HEALTHCARE RLTY TR COM   2019-09-06 2020-06-19
11. PROLOGIS INC   2020-03-09 2020-06-19
14. PUBLIC STORAGE INC COM   2016-11-18 2020-06-19
6. SBA COMMUNICATIONS CORP   2019-12-13 2020-06-19
5. SBA COMMUNICATIONS CORP   2019-04-05 2020-06-19
4. SBA COMMUNICATIONS CORP   2020-03-09 2020-06-19
1. ANSYS INC   2020-04-22 2020-06-26
4. BROWN & BROWN INC   2020-04-22 2020-06-26
3. BROWN FORMAN CORP CL B   2020-04-22 2020-06-26
8. ELANCO ANIMAL HEALTH INC   2020-04-22 2020-06-26
2. FIRST REPUBLIC BANK/SAN FRANCI   2020-04-22 2020-06-26
1. MSCI INC   2020-04-22 2020-06-26
1. MOODYS CORP   2020-04-22 2020-06-26
3. PROGRESSIVE CORP OHIO   2020-04-22 2020-06-26
2. RESTAURANT BRANDS INTERN   2020-04-22 2020-06-26
3. SBA COMMUNICATIONS CORP   2020-04-22 2020-06-26
12. LIBERTY GLOBAL PLC-A   2020-04-22 2020-06-26
16. LIBERTY GLOBAL PLC-SERIES C   2020-04-22 2020-06-26
8. PRIMERICA INC   2018-03-15 2020-06-29
26. THOR INDS INC   2018-03-15 2020-06-29
58. FIRST FINL BANKSHARES INC   2018-03-15 2020-06-30
112. EQUITY RESIDENTIAL PPTYS TR SH BEN   2018-03-29 2020-07-23
12. PUBLIC STORAGE INC COM   2016-11-18 2020-07-23
1. AUTODESK INC   2020-05-05 2020-07-27
3. FASTENAL CO   2020-04-22 2020-07-27
1. GCI LIBERTY INC   2020-04-22 2020-07-27
1. O'REILLY AUTOMOTIVE INC   2020-04-22 2020-07-27
1. SQUARE INC   2020-04-22 2020-07-27
2. TRANSUNION   2020-04-22 2020-07-27
1. VERISK ANALYTICS INC   2020-04-22 2020-07-27
1. WIX.COM LTD   2020-04-22 2020-07-27
5707.763 DIAMOND HILL LONG/SHORT-I 11   2019-06-11 2020-07-28
304.451 DODGE & COX STOCK FUND #145   2018-10-18 2020-07-28
77. ISHARES CORE S & P 500 ETF   2009-08-28 2020-07-28
1885. ISHARES MSCI EAFE VALUE ETF   2017-06-14 2020-07-28
172.879 T ROWE PRICE BLUE CHIP-I #429   2016-05-02 2020-07-28
14. THE SCOTTS MIRACLE-GRO COMPANY CL A   2018-03-15 2020-08-04
30. PHILIPS ELECTRONICS - NY SHR ADR   2020-07-31 2020-08-13
20. NOVARTIS AG - ADR   2020-07-31 2020-08-13
362. PANASONIC CORPORATION - ADR   2020-07-31 2020-08-20
5. CBRE GROUP INC   2020-04-22 2020-08-27
2. COGNEX CORP   2020-04-22 2020-08-27
1. COPART INC COM   2020-07-27 2020-08-27
2. FASTENAL CO   2020-04-22 2020-08-27
1. TRANSUNION   2020-04-22 2020-08-27
1. VERISIGN INC COM   2020-04-22 2020-08-27
23. LINCOLN ELECTRIC HOLDINGS COM   2018-03-15 2020-09-02
3. BLACK KNIGHT INC   2020-04-22 2020-09-09
2. FIRST REPUBLIC BANK/SAN FRANCI   2020-04-22 2020-09-09
1. MARTIN MARIETTA MATLS INC COM   2020-04-22 2020-09-09
12. PUBLIC STORAGE INC COM   2018-03-29 2020-09-09
1. TRANSDIGM GROUP INC   2020-06-03 2020-09-09
244. RED ELECTRICA COR-UNSPON ADR   2020-07-31 2020-09-14
5. COLFAX CORPORATION   2020-04-22 2020-09-23
1. COPART INC COM   2020-07-27 2020-09-23
4. LIBERTY SIRIUSXM GROUP   2020-07-27 2020-09-23
19. BADGER METER INC   2018-03-15 2020-10-21
18. SAMPO OYJ-A SHS-UNSP ADR   2020-07-31 2020-10-22
16. VESTAS WIND SYS A/S UTD KINGDOM ADR   2020-07-31 2020-10-22
2. DEEMED REDEEMED ASML HOLDING NV ESCR   2020-07-31 2020-10-22
2. CARMAX INC   2020-05-05 2020-10-29
20. COLFAX CORPORATION   2020-04-22 2020-10-29
3. FIRST REPUBLIC BANK/SAN FRANCI   2020-04-22 2020-10-29
1. GARTNER INC   2020-04-22 2020-10-29
1. PROGRESSIVE CORP OHIO   2020-04-22 2020-10-29
65. FERGUSON NEWCO PLC-ADR   2020-07-31 2020-11-10
4. ALIBABA GROUP HOLDING LTD ADR   2020-07-31 2020-11-12
120. KASIKORNBANK PCL-UNSPON ADR   2020-07-31 2020-11-12
4. EQUIFAX INC   2020-10-29 2020-11-17
110. KASIKORNBANK PCL-UNSPON ADR   2020-07-31 2020-11-18
15. ORSTED A/S-UNSP ADR   2020-07-31 2020-11-18
4. BROOKFIELD ASSET MANAGE-CL A   2020-08-27 2020-11-25
1. IDEXX CORP   2020-04-22 2020-11-25
993.377 JOHCM INTERNATIONAL SEL-I #180   2017-06-14 2020-12-02
31. BROOKS AUTOMATION INC   2018-03-15 2020-12-02
16. CORELOGIC INC   2019-08-02 2020-12-02
4136. ETRACS ALERIAN INFRAST SER B ETN   2013-12-24 2020-12-02
24. CRODA INTERNATIONAL-UNS ADR   2020-07-31 2020-12-07
2. CBRE GROUP INC   2020-04-22 2020-12-08
1. HILTON WORLDWIDE HOLDINGS IN   2020-04-22 2020-12-08
1. HILTON WORLDWIDE HOLDINGS IN   2020-07-27 2020-12-08
1. MICROCHIP TECHNOLOGY INC COM   2020-04-22 2020-12-08
38. HENKEL AG AND CO. KGAA ADR   2020-07-31 2020-12-17
14. NOVO NORDISK A/S - ADR   2020-07-31 2020-12-17
15. VESTAS WIND SYS A/S UTD KINGDOM ADR   2020-07-31 2020-12-24
51. KION GRP AG RGTS EXP 12/3/2 12/03/20   2020-07-31 2020-12-29
.5 BROOKFIELD RENEWABLE COR-A   2020-09-09 2020-12-31
4550. ISHARES GOLD TRUST ETF   2020-01-02 2020-12-31
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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 647   610 37
b 1,684   1,761 -77
c 992   3,696 -2,704
d 705   712 -7
e 579   495 84
579   431 148
620   569 51
653   813 -160
284   350 -66
208   368 -160
4,048   7,078 -3,030
1,083   1,139 -56
127,233   122,779 4,454
72,752   46,182 26,570
153,635   102,621 51,014
64,915   76,405 -11,490
316   465 -149
944   1,395 -451
700   1,034 -334
170   159 11
349   361 -12
303   296 7
119   104 15
154   164 -10
583   608 -25
311   298 13
329   313 16
1,180   3,556 -2,376
2,016   1,526 490
193   181 12
784   758 26
547   493 54
245   178 67
422   376 46
195   161 34
339   272 67
959   774 185
227   202 25
363   284 79
5,372   6,836 -1,464
5,156   8,641 -3,485
261   237 24
2,871   1,595 1,276
724   704 20
4,181   2,520 1,661
1,283   1,404 -121
1,041   860 181
2,685   3,004 -319
1,783   1,403 380
1,486   991 495
1,189   1,082 107
285   260 25
160   143 17
184   180 4
169   194 -25
208   197 11
333   321 12
270   238 32
233   246 -13
105   89 16
879   911 -32
251   214 37
331   272 59
915   807 108
2,800   3,134 -334
1,655   1,409 246
6,150   7,080 -930
2,238   2,427 -189
238   183 55
138   104 34
76   61 15
449   365 84
125   60 65
180   142 38
183   149 34
272   134 138
135,445   150,000 -14,555
50,000   62,680 -12,680
24,936   9,865 15,071
77,873   100,527 -22,654
25,000   11,939 13,061
2,210   1,250 960
1,584   1,571 13
1,709   1,665 44
3,243   3,172 71
236   199 37
134   98 36
103   91 12
97   69 28
86   71 15
209   214 -5
2,264   2,130 134
246   202 44
220   197 23
202   178 24
2,607   2,423 184
490   469 21
2,327   2,406 -79
153   113 40
105   91 14
131   139 -8
1,435   924 511
376   328 48
899   692 207
758   713 45
176   148 28
548   454 94
374   296 78
118   104 14
91   82 9
678   585 93
1,059   1,006 53
1,393   1,319 74
684   562 122
1,352   1,148 204
860   722 138
167   139 28
446   266 180
30,000   20,811 9,189
2,224   918 1,306
1,244   733 511
49,724   124,841 -75,117
968   929 39
132   80 52
109   71 38
109   77 32
143   77 66
927   844 83
1,006   929 77
1,144   649 495
29     29
30   17 13
17   16 1
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
      48,168
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       37
b       -77
c       -2,704
d       -7
e       84
      148
      51
      -160
      -66
      -160
      -3,030
      -56
      4,454
      26,570
      51,014
      -11,490
      -149
      -451
      -334
      11
      -12
      7
      15
      -10
      -25
      13
      16
      -2,376
      490
      12
      26
      54
      67
      46
      34
      67
      185
      25
      79
      -1,464
      -3,485
      24
      1,276
      20
      1,661
      -121
      181
      -319
      380
      495
      107
      25
      17
      4
      -25
      11
      12
      32
      -13
      16
      -32
      37
      59
      108
      -334
      246
      -930
      -189
      55
      34
      15
      84
      65
      38
      34
      138
      -14,555
      -12,680
      15,071
      -22,654
      13,061
      960
      13
      44
      71
      37
      36
      12
      28
      15
      -5
      134
      44
      23
      24
      184
      21
      -79
      40
      14
      -8
      511
      48
      207
      45
      28
      94
      78
      14
      9
      93
      53
      74
      122
      204
      138
      28
      180
      9,189
      1,306
      511
      -75,117
      39
      52
      38
      32
      66
      83
      77
      495
      29
      13
      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 27,419
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................................ 1 921
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........................... 3 921
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- ..... 5 921
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,192
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 2,192
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,271
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet924 RefundedBullet 11 347
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)
    bulletDE
    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 ofbulletWELLS FARGO BANK NA Telephone no.bullet (888) 730-4933

    Located atbullet100 N MAIN ST MAC D4001-117WINSTON SALEMNC ZIP+4bullet27101
    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
    Yes
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    WELLS FARGO BANK N A TRUSTEE
    1     		59,089    
    100 N MAIN ST MAC D4001-117
    WINSTON SALEM,NC27101
    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
    4,620,753
    b
    Average of monthly cash balances.......................
    1b
    166,018
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,786,771
    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
    4,786,771
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    71,802
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,714,969
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    235,748
    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
    235,748
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    921
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    921
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    234,827
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    234,827
    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
    234,827
    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
    301,977
    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
    301,977
    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
    301,977
    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 7 234,827
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 104,268
    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...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 301,977
    a Applied to 2019, but not more than line 2a 104,268
    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..... 197,709
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		37,118
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    ACTS RETIREMENT LIFE COMMUNITIES
    375 MORRIS ROAD
    WEST POINT,PA19486     		NONE PC GENERAL OPERATING 5,000
    HISTORICAL SOCIETY OF DELAWARE
    CO DAVID YOUNG EXEC DIR
    WILMINGTON,DE19801     		NONE PC GENERAL OPERATING 72,500
    DELAWARE CURATIVE WORKSHOP
    ATTENTION GEORGE BARBER CFO
    WILMINGTON,DE19802     		NONE NC GENERAL OPERATING 72,500
    THE GRAND OPERA HOUSE
    CO MARK FIELDS EXEC DIR
    WILMINGTON,DE19801     		NONE PC GENERAL OPERATING 72,500
    DELAWARE ZOOLOGICAL SOCIETY INC
    ATTN MICHAEL ALLEN DIRECTOR
    WILMINGTON,DE19802     		NONE PC GENERAL OPERATING 72,500
    Total .................................bullet 3a 295,000
    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 90,097  
    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 27,419  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME     		    1 6,303  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   123,819  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    123,819
    (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)
    Yes
     
    (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
    1a(1) 72,500 DELAWARE CURATIVE WORKSHOP CASH
    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:
    WALRATH TW RES
    EIN:
    51-6179755
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,068     1,068

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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    WALRATH TW RES
    EIN:
    51-6179755
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    DELAWARE CURATIVE WORKSHOP INC
          		1600 WASHINGTON ST
    WILMINGTON,DE19801     		2020-11-25 72,500 REHABILITATIVE MEDICAL SERVICES 72,500 TO THE FOUNDATION'S KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED. 3/9/2021   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OF THE INFORMATION SUPPLIED BY THE GRANTEE

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    WALRATH TW RES
    EIN:
    51-6179755
    Name of Stock End of Year Book Value End of Year Fair Market Value
    686330101 ORIX CORPORATION - A 4,956 6,650
    143130102 CARMAX INC 4,146 5,951
    192422103 COGNEX CORP 245 401
    477839104 JOHN BEAN TECHNOLOGI 2,580 2,961
    530307107 LIBERTY BROADBAND CO 969 1,261
    60921V101 MONDI PLC-UNSPON ADR 3,917 5,175
    615369105 MOODYS CORP 1,666 2,032
    049255805 ATLAS COPCO AB ADR 4,393 5,041
    79588J102 SAMPO OYJ-A SHS-UNSP 6,870 7,948
    66987V109 NOVARTIS AG - ADR 4,496 5,099
    441593100 HOULIHAN LOKEY INC 3,574 5,244
    485537401 KAO CORP ADR 6,016 6,361
    893641100 TRANSDIGM GROUP INC 5,088 9,902
    515098101 LANDSTAR SYS INC COM 3,344 4,040
    86614U100 SUMMIT MATERIALS INC 511 884
    68750L102 ORSTED A/S-UNSP ADR 4,574 6,493
    942622200 WATSCO INC CL A 4,203 5,437
    670100205 NOVO NORDISK A/S - A 4,913 5,169
    30040P103 EVERTEC INC 3,642 4,011
    492460100 KERRY GROUP PLC-SPON 5,420 5,987
    83088V102 SLACK TECHNOLOGIES I 919 1,478
    929236107 WD 40 CO 2,117 4,251
    422806208 HEICO CORP CL A 1,696 2,575
    13765N107 CANNAE HOLDINGS INC 394 487
    426281101 HENRY JACK & ASSOC I 1,875 2,430
    217204106 COPART INC COM 3,486 6,617
    00687A107 ADIDAS-AG ADR 3,079 4,026
    904708104 UNIFIRST CORP MASS 2,571 2,964
    109194100 BRIGHT HORIZONS FAMI 832 1,038
    045387107 ASSA ABLOY AB-UNSP A 4,248 4,723
    756255204 RECKITT BENCKIS/S AD 2,839 2,501
    76131D103 RESTAURANT BRANDS IN 2,619 3,605
    256677105 DOLLAR GENERAL CORP 904 1,052
    929160109 VULCAN MATERIALS COM 3,561 5,043
    112585104 BROOKFIELD ASSET MAN 7,021 9,038
    37733W105 GLAXOSMITHKLINE PLC 4,745 4,342
    056525108 BADGER METER INC 1,021 1,975
    163072101 CHEESECAKE FACTORY I 5,172 4,744
    573284106 MARTIN MARIETTA MATL 1,781 2,840
    776696106 ROPER TECHNOLOGIES I 2,850 3,880
    74164M108 PRIMERICA INC 2,621 3,482
    92345Y106 VERISK ANALYTICS INC 2,236 3,114
    80687P106 SCHNEIDER ELECTRIC S 6,000 7,238
    55354G100 MSCI INC 1,606 2,233
    21871D103 CORELOGIC INC 2,741 5,026
    527064109 LESLIE'S INC 2,270 2,886
    035255108 ANIKA THERAPEUTICS I 2,691 2,308
    456837103 ING GROEP N.V. - ADR 6,246 7,967
    32020R109 FIRST FINL BANKSHARE 1,214 1,809
    75606N109 REALPAGE INC 2,112 3,053
    631512209 NASPERS LTD-N SHS SP 3,660 3,983
    237545108 DASSAULT SYSTEMES S. 4,015 4,481
    029683109 AMERICAN SOFTWARE -C 1,315 1,803
    592688105 METTLER-TOLEDO INTL 2,088 3,419
    12504L109 CBRE GROUP INC 2,672 4,202
    366651107 GARTNER INC 2,495 3,845
    443251103 HOYA CORP ADR 4,975 6,940
    82929R304 SINGAPORE TELECOMMUN 4,660 4,489
    531229854 LIBERTY FORMULA ONE 1,119 1,874
    N07059210 ASML HOLDING NV-NY R 2,852 3,902
    861025104 STOCK YDS BANCORP IN 1,755 1,619
    41043M104 HANG LUNG PPTYS LTD 4,966 5,242
    40171V100 GUIDEWIRE SOFTWARE I 2,431 3,218
    45168D104 IDEXX CORP 1,595 2,999
    384109104 GRACO INC 3,358 5,209
    M98068105 WIX.COM LTD 2,546 4,749
    531229607 LIBERTY SIRIUSXM GRO 948 1,392
    001317205 AIA GROUP LTD-SP ADR 5,044 6,878
    23381B106 DAIKIN INDUSTRIES-UN 6,012 7,592
    G47567105 IHS MARKIT LTD 2,067 2,964
    115637209 BROWN FORMAN CORP CL 902 1,191
    55261F104 M & T BANK CORPORATI 632 764
    194014106 COLFAX CORPORATION 454 765
    82455C101 SHIMANO INC-UNSPON A 4,098 4,377
    90420M104 UMICORE - UNSPON ADR 4,667 4,760
    749607107 RLI CORP COM 2,480 4,062
    33616C100 FIRST REPUBLIC BANK/ 1,182 1,763
    89400J107 TRANSUNION 2,275 3,175
    570535104 MARKEL HOLDINGS 4,464 5,167
    82982L103 SITEONE LANDSCAPE SU 3,560 7,932
    31502A303 FERGUSON NEWCO PLC-A 4,564 6,140
    11284V105 BROOKFIELD RENEWABLE 137 233
    88087E100 TERMINIX GLOBAL HOLD 3,429 5,611
    115236101 BROWN & BROWN INC 2,214 2,939
    902252105 TYLER TECHNOLOGIES I 1,777 2,183
    09215C105 BLACK KNIGHT INC 4,110 5,389
    497216101 KION GROUP AG-UNSP A 3,958 4,388
    054536107 AXA - ADR 6,491 7,616
    00846U101 AGILENT TECHNOLOGIES 578 592
    G0450A105 ARCH CAPITAL GROUP L 2,179 3,066
    55607P204 MACQUARIE GROUP LTD- 3,902 4,717
    538034109 LIVE NATION ENT INC 2,101 3,086
    67103H107 O'REILLY AUTOMOTIVE 4,010 4,978
    25754A201 DOMINOS PIZZA INC 2,651 2,684
    69366X100 BANK RAKYAT INDONESI 2,929 4,119
    052769106 AUTODESK INC 3,670 6,412
    984627109 YAMAHA CORP-SPONSORE 3,637 4,585
    448579102 HYATT HOTELS CORP 1,087 1,485
    756568101 RED ELECTRICA COR-UN 1,972 2,070
    22160N109 COSTAR GROUP, INC 2,958 4,621
    620076307 MOTOROLA SOLUTIONS, 1,804 2,041
    04247X102 ARMSTRONG WORLD INDU 3,797 3,645
    489398107 KENNEDY-WILSON HOLDI 779 1,038
    530307305 LIBERTY BROADBAND CO 3,761 5,122
    227047305 CRODA INTERNATIONAL- 3,407 3,960
    635017106 NATIONAL BEVERAGE CO 5,100 6,113
    44267D107 HOWARD HUGHES CORP/T 1,115 1,736
    531229870 LIBERTY FORMULA ONE 94 152
    595017104 MICROCHIP TECHNOLOGY 2,089 3,729
    872351408 TDK CORPORATION - AD 5,786 7,882
    874039100 TAIWAN SEMICONDUCTOR 4,083 5,670
    009126202 AIR LIQUIDE - ADR 3,857 3,815
    919134304 VALEO - ADR 2,610 3,410
    012348108 ALBANY INTL CORP NEW 3,318 4,038
    771195104 ROCHE HOLDINGS LTD - 8,298 8,330
    778296103 ROSS STORES INC 1,186 1,719
    885160101 THOR INDS INC 3,369 4,185
    810186106 THE SCOTTS MIRACLE-G 3,872 9,360
    904767704 UNILEVER PLC - ADR 9,401 9,537
    31620R303 FNF GROUP 1,819 2,814
    92343E102 VERISIGN INC COM 3,839 3,895
    852234103 SQUARE INC 418 1,523
    74440L106 PRYSMIAN SPA-UNSPONS 3,441 4,085
    009158106 AIR PRODS & CHEMS IN 1,065 1,366
    654624105 NIPPON TELEGRAPH AND 3,904 4,420
    83175M205 SMITH & NEPHEW PLC - 2,113 2,193
    225310101 CREDIT ACCEPTANCE CO 2,108 2,769
    526057104 LENNAR CORPORATION C 1,524 2,821
    43300A203 HILTON WORLDWIDE HOL 3,491 5,452
    21044C107 CONSTRUCTION PARTNER 1,540 2,824
    03662Q105 ANSYS INC 3,117 4,366
    307305102 FANUC CORPORATION AD 2,674 3,901
    398438408 GRIFOLS SA-ADR 2,917 3,209
    062540109 BANK HAWAII CORP 3,868 3,448
    48251W104 KKR & CO INC -A 3,375 6,114
    743315103 PROGRESSIVE CORP OHI 1,313 1,582
    91879Q109 VAIL RESORTS INC COM 2,035 3,626
    068334101 BARRATT DEVELOPMENTS 3,482 4,576
    311900104 FASTENAL CO 1,974 2,783
    824841407 SHISEIDO CO., LTD. - 3,919 4,851
    251566105 DEUTSCHE TELEKOM AG 4,812 5,189
    925458101 VESTAS WIND SYS A/S 4,284 7,745
    01609W102 ALIBABA GROUP HOLDIN 3,521 3,258
    75629J101 RECRUIT HOLDINGS CO 3,764 5,063
    H01301128 ALCON INC 2,187 2,375
    G0403H108 AON PLC 1,255 1,479
    42550U109 HENKEL AG AND CO. KG 3,952 4,303
    75524B104 RBC BEARINGS INC 3,036 4,297
    78409V104 S&P GLOBAL INC 824 986
    531229409 LIBERTY SIRIUSXM GRO 360 518
    11275Q107 BROOKFIELD INFRASTRU 1,644 2,892
    40415F101 HDFC BANK LTD. - ADR 2,801 4,336
    45662N103 INFINEON TECHNOLOGIE 4,747 7,325
    500472303 PHILIPS ELECTRONICS 5,550 5,742
    114340102 BROOKS AUTOMATION IN 2,479 5,903
    803054204 SAP SE ADR 6,042 4,955

    TY 2020 InvestmentsOtherSchedule2
    Name:
    WALRATH TW RES
    EIN:
    51-6179755
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    32020R109 FIRST FINL BANKSHARE      
    464287655 ISHARES RUSSELL 2000 AT COST 52,525 87,639
    464287481 ISHARES RUSSELL MID- AT COST 48,141 342,440
    866674104 SUN CMNTYS INC COM AT COST 9,846 15,195
    828806109 SIMON PROPERTY GROUP AT COST 10,611 5,373
    426281101 HENRY JACK & ASSOC I      
    515098101 LANDSTAR SYS INC COM      
    885160101 THOR INDS INC      
    441593100 HOULIHAN LOKEY INC      
    693390593 PIMCO MODERATE DURAT AT COST 112,351 109,365
    464287200 ISHARES CORE S & P 5 AT COST 172,171 622,772
    922042858 VANGUARD EMERGING MA      
    464287473 ISHARES RUSSELL MIDC      
    902641646 E-TRACS ALERIAN MLP      
    464288877 ISHARES MSCI EAFE VA      
    00770G847 JOHCM INTERNATIONAL AT COST 79,189 114,380
    015271109 ALEXANDRIA REAL ESTA AT COST 8,532 12,475
    133131102 CAMDEN PPTY TR SH BE AT COST 8,734 10,092
    444097109 HUDSON PACIFIC PROPE      
    21870Q105 CORESITE REALTY CORP AT COST 7,706 8,895
    78410G104 SBA COMMUNICATIONS C AT COST 15,211 20,031
    03027X100 AMERICAN TOWER CORP AT COST 13,930 24,915
    035255108 ANIKA THERAPEUTICS I      
    810186106 THE SCOTTS MIRACLE-G      
    55303A105 MGM GROWTH PROPERTIE AT COST 4,405 5,258
    000843201 ACAP STRATEGIC FUND- AT COST 150,000 236,837
    35086T109 FOUR CORNERS PROPERT AT COST 10,790 13,367
    46187W107 INVITATION HOMES INC AT COST 8,138 11,524
    74340W103 PROLOGIS INC AT COST 11,016 22,224
    163072101 CHEESECAKE FACTORY I      
    056525108 BADGER METER INC COM      
    029683109 AMERICAN SOFTWARE IN      
    14808P109 CASS INFORMATION SYS      
    29476L107 EQUITY RESIDENTIAL P      
    44107P104 HOST HOTELS & RESORT AT COST 7,815 7,242
    29444U700 EQUINIX INC AT COST 15,646 27,853
    76131N101 RETAIL OPPORTUNITY I      
    384109104 GRACO INC      
    114340102 BROOKS AUTOMATION IN      
    635017106 NATIONAL BEVERAGE CO      
    062540109 BANK HAWAII CORP      
    17243V102 CINEMARK HOLDINGS IN      
    256219106 DODGE & COX STOCK FU AT COST 412,320 387,291
    464288885 ISHARES MSCI EAFE GR      
    003021714 ABERDEEN EMERG MARKE AT COST 107,000 153,983
    77954Q403 T ROWE PRICE BLUE CH AT COST 298,584 718,749
    19248X307 COHEN & STEERS PR SE      
    74460D109 PUBLIC STORAGE INC C      
    N22717107 CORE LABORATORIES N      
    942622200 WATSCO INC CL A      
    75524B104 RBC BEARINGS INC      
    533900106 LINCOLN ELECTRIC HOL      
    929236107 WD 40 CO      
    74164M108 PRIMERICA INC      
    82982L103 SITEONE LANDSCAPE SU      
    749607107 RLI CORP COM      
    904708104 UNIFIRST CORP MASS      
    31641Q755 FIDELITY NEW MRKTS I AT COST 234,668 232,233
    00143W859 INV OPP DEVELOP MRKT AT COST 107,000 172,723
    25264S833 DIAMOND HILL LONG-SH      
    421946104 HEALTHCARE RLTY TR C AT COST 8,584 7,607
    693390841 PIMCO HIGH YIELD FD- AT COST 280,000 296,461
    72201W394 PIMCO CRDT OPPRT BND AT COST 100,000 99,404
    GTC996442 CORBIN MULTI STRATEG AT COST 154,665 143,743
    55274K702 MFS CORPORATE BOND-R AT COST 100,000 107,577
    GTY995331 AGILITY MULTI-ASSET AT COST 128,587 124,581
    48020Q107 JONES LANG LASALLE I      
    925652109 VICI PROPERTIES INC AT COST 14,076 16,014
    59522J103 MID AMERICA APARTMEN AT COST 9,425 10,135
    85254J102 STAG INDUSTRIAL INC AT COST 8,654 8,801
    00123Q104 AGNC INVESTMENT CORP AT COST 5,900 6,131
    21871D103 CORELOGIC INC      
    19248X604 COHEN & STEERS PR SE AT COST 149,258 161,186
    11282X103 BROOKFIELD PROPERTY AT COST 229 403
    02665T306 AMERICAN HOMES 4 REN AT COST 9,551 10,290
    95040Q104 WELLTOWER INC AT COST 7,390 9,176
    00888Y847 INVESCO BAL RSK COMM AT COST 80,000 114,146
    74256W485 PRINCIPAL PREFERRED AT COST 80,000 90,008
    313747206 FEDERAL RLTY INVT TR AT COST 5,407 5,277
    929042109 VORNADO REALTY TRUST AT COST 410 411
    464285105 ISHARES GOLD TRUST E AT COST 79,307 82,492

    TY 2020 OtherDecreasesSchedule
    Name:
    WALRATH TW RES
    EIN:
    51-6179755
    Description Amount
    PY RETURN OF CAPITAL ADJ 1,187


    TY 2020 OtherExpensesSchedule
    Name:
    WALRATH TW RES
    EIN:
    51-6179755
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT EXPENSE - ADR FEES 82 82   0
    INVESTMENT EXPENSE - PROCEEDS 17 17   0


    TY 2020 OtherIncomeSchedule2
    Name:
    WALRATH TW RES
    EIN:
    51-6179755
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 6,303 6,303  


    TY 2020 OtherIncreasesSchedule
    Name:
    WALRATH TW RES
    EIN:
    51-6179755
    Description Amount
    MUTUAL FUND TIMING ADJ 10,055
    COST BASIS ADJUSTMENT 44


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    WALRATH TW RES
    EIN:
    51-6179755
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMNT MNGMNT FEES (NON-DED 988 988    


    TY 2020 TaxesSchedule
    Name:
    WALRATH TW RES
    EIN:
    51-6179755
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 923 923   0
    FEDERAL ESTIMATES - PRINCIPAL 2,122 0   0