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
CARL W SCHAFER TW
 
Number and street (or P.O. box number if mail is not delivered to street address)285 DELAWARE AVENUE 3RD FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BUFFALO, NY14202
A Employer identification number

52-6174408
B Telephone number (see instructions)

(716) 842-2333
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$1,631,005J 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... 59,598 59,076  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -20,894
b Gross sales price for all assets on line 6a 615,314
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 38,704 59,076  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 21,844 21,844    
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 1,500 1,500 0 0
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,947 1,947   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 3 3    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 25,294 25,294 0 0
25 Contributions, gifts, grants paid....... 81,888 81,888
26 Total expenses and disbursements. Add lines 24 and 25 107,182 25,294 0 81,888
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -68,478
b Net investment income (if negative, enter -0-) 33,782
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............. 26,271 35,898 35,898
2 Savings and temporary cash investments.........      
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).......      
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).......... 1,500,685 Click to see attachment1,405,134 1,595,107
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) 1,526,956 1,441,032 1,631,005
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........ 1,526,956 1,441,032
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)..... 1,526,956 1,441,032
30 Total liabilities and net assets/fund balances (see instructions). 1,526,956 1,441,032
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
1,526,956
2
Enter amount from Part I, line 27a .....................
2
-68,478
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,458,478
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
17,446
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,441,032
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 . CLASS ACTION SETTLEMENT PROCEEDS     2020-10-22
b 18. AT&T INC   2016-03-16 2020-01-02
c 9. AMERICAN ELECTRIC POWER INCORPORATED     2020-01-02
d 2. AMGEN INCORPORATED   2017-12-20 2020-01-02
e 15. BP AMOCO P L C SPONSORED ADR     2020-01-02
181. BP AMOCO P L C SPONSORED ADR     2020-09-01
1. BLACKROCK INCORPORATED CLASS A   2018-08-02 2020-01-02
23. BLACKSTONE MTG TR INC CLS A REIT   2016-08-05 2020-01-02
221. BLACKSTONE MTG TR INC CLS A REIT     2020-03-19
8. BRISTOL MYERS SQUIBB COMPANY   2019-06-14 2020-01-02
2. BROADCOM INC   2019-06-14 2020-01-02
14. CVS CORPORATION   2019-01-08 2020-01-02
9. CHEVRONTEXACO CORPORATION     2020-01-02
13. CISCO SYSTEMS INCORPORATED   2015-03-02 2020-01-02
9. CITIGROUP INC   2018-12-13 2020-01-02
12. COCA COLA COMPANY   2016-03-16 2020-01-02
2. CROWN CASTLE INTL CORP REIT   2019-08-12 2020-01-02
4. DELTA AIR LINES INC   2019-10-10 2020-01-02
100. DELTA AIR LINES INC   2019-10-10 2020-03-19
7. DOW INC   2019-11-04 2020-01-02
7. DUKE ENERGY HOLDING CORP   2017-08-30 2020-01-02
13. EMERSON ELECTRIC COMPANY   2017-05-15 2020-01-02
7. EXXON MOBIL CORPORATION   2016-03-16 2020-01-02
1193.846 FEDERATED HERMES INTL STR VLDV   2020-01-02 2020-07-24
20. FIRST HAWAIIAN INC   2018-01-12 2020-01-02
160. FIRST HAWAIIAN INC     2020-09-01
24. FIRST HAWAIIAN INC     2020-09-02
20. FIRSTENERGY CORPORATION     2020-01-02
11. GENERAL MOTORS CO   2018-06-25 2020-01-02
105. GENERAL MOTORS CO   2018-06-25 2020-03-18
21. GENERAL MOTORS CO   2018-06-25 2020-03-18
10. GILEAD SCIENCES INCORPORATED   2018-06-12 2020-01-02
42. GILEAD SCIENCES INCORPORATED     2020-03-09
78. GILEAD SCIENCES INCORPORATED     2020-04-17
2. INTERNATIONAL BUSINESS MACHINES CORP   2018-07-09 2020-01-02
67. ISHARES RUSSELL 2000 VALUE ETF   2019-02-05 2020-01-02
309. ISHARES RUSSELL 2000 VALUE ETF   2017-09-01 2020-01-02
105. ISHARES RUSSELL 2000 VALUE ETF   2017-09-01 2020-02-26
81. ISHARES RUSSELL 2000 VALUE ETF   2017-09-01 2020-07-24
28. ISHARES CORE HIGH DIVIDEND ETF   2017-09-01 2020-01-02
56. ISHARES CORE HIGH DIVIDEND ETF   2017-09-01 2020-02-26
41. ISHARES CORE HIGH DIVIDEND ETF   2017-09-01 2020-07-24
106. ISHARES CORE MSCI EMERGING   2020-01-02 2020-02-26
218. ISHARES CORE MSCI EMERGING   2020-01-02 2020-07-24
794. ISHARES GLOBAL REIT ETF   2020-01-02 2020-04-14
116. ISHARES GLOBAL REIT ETF   2020-01-02 2020-04-15
13. JP MORGAN CHASE & COMPANY     2020-01-02
660.363 JANUS HNDRSN GL EQ INC-1   2016-03-16 2020-02-26
1490.359 JANUS HNDRSN GL EQ INC-1   2016-03-16 2020-07-24
9. JOHNSON & JOHNSON     2020-01-02
4. LOCKHEED MARTIN CORPORATION   2016-03-16 2020-01-02
8. MAIN STREET CAPITAL CORP   2017-02-06 2020-01-02
107. MAIN STREET CAPITAL CORP     2020-03-19
1. MCDONALDS CORPORATION   2018-10-18 2020-01-02
3. MERCK & CO INC   2016-03-16 2020-01-02
16. METLIFE INCORPORATED   2018-02-21 2020-01-02
11764.659 METWEST TOTAL RETURN BOND FD CL I   2019-06-05 2020-01-02
5205.743 METWEST TOTAL RETURN BOND FD CL I   2019-06-05 2020-03-17
2. MORGAN STANLEY DEAN WITTER DISCOVER   2019-11-04 2020-01-02
5. NEXTERA ENERGY INC   2016-03-16 2020-01-02
17. NEXTERA ENERGY INC   2016-03-16 2020-07-08
39. OLD REPUBLIC INTL CORP COM   2016-03-16 2020-01-02
18. PARK HOTELS & RESORTS INC REIT   2017-10-13 2020-01-02
181. PARK HOTELS & RESORTS INC REIT     2020-03-18
6. PEPSICO INCORPORATED   2019-01-08 2020-01-02
30. PFIZER INCORPORATED   2015-03-02 2020-01-02
9. PHILIP MORRIS INTL INC   2016-03-16 2020-01-02
9. PROCTOR & GAMBLE CORPORATION   2016-03-16 2020-01-02
5. PRUDENTIAL FINANCIAL INCORPORATED   2018-12-19 2020-01-02
46. PRUDENTIAL FINANCIAL INCORPORATED   2018-12-19 2020-03-18
16. QUALCOMM INCORPORATED   2017-05-15 2020-01-02
14. QUALCOMM INCORPORATED     2020-09-01
22. QUALCOMM INCORPORATED   2017-02-01 2020-12-02
885.332 T ROWE PR TAX/FR INC-I   2020-03-23 2020-09-04
129. SPDR GOLD SHARES   2020-07-24 2020-12-21
16. SUNCOR ENERGY INC   2016-03-16 2020-01-02
207. SUNCOR ENERGY INC     2020-03-18
9. TARGET CORPORATION   2018-12-07 2020-01-02
12. TORONTO DOMINION BANK ONTARIO NEW   2017-02-21 2020-01-02
6. US BANCORP NEW   2018-10-08 2020-01-02
21. UNITED BANKSHARES INCORPORATED WV     2020-01-02
7. UNITED PARCEL SERVICE INC CLASS B   2017-11-13 2020-01-02
3. VALERO ENERGY CORPORATION NEW   2018-11-01 2020-01-02
25.548 VANGUARD INFLATION-PROTECTED CL ADML   2017-09-01 2020-01-02
136.796 VANGUARD INFLATION-PROTECTED CL ADML   2017-09-01 2020-03-17
509.78 VANGUARD INFLATION-PROTECTED CL ADML     2020-03-23
595.793 VANGUARD HIGH YIELD CORP CL ADML   2017-09-01 2020-03-17
697. VANGUARD GLBL EX-US REAL EST     2020-01-02
6. VENTAS INC COM   2018-10-10 2020-01-02
106. VENTAS INC COM   2018-10-10 2020-03-18
167. VANGUARD REAL ESTATE ETF     2020-01-02
7. VERIZON COMMUNICATIONS   2018-10-10 2020-01-02
.7347 VIATRIS INC   2015-03-02 2020-11-30
18. WELLS FARGO & COMPANY NEW   2015-03-02 2020-01-02
113. WELLS FARGO & COMPANY NEW     2020-07-08
165. WELLS FARGO & COMPANY NEW     2020-07-08
367.327 WILMINGTON MUNICIPAL BOND FUND - I   2020-03-23 2020-09-04
3906.208 WILMINGTON INTERNATIONAL FUND-I     2020-01-02
604.887 WILMINGTON INTERNATIONAL FUND-I   2017-09-01 2020-02-26
775.103 WILMINGTON INTERNATIONAL FUND-I   2017-09-01 2020-04-14
1593.222 WILMINGTON INTERNATIONAL FUND-I   2017-09-01 2020-07-24
3135.765 WILMINGTON BROAD MARKET BOND FUND -I   2020-01-02 2020-03-17
149. WISDOMTREE U.S. SMALLCAP DIVIDEND   2020-01-02 2020-07-24
19. JOHNSON CONTROLS INTERNATIONAL PLC   2019-01-08 2020-01-02
CAPITAL GAIN DIVIDENDS P    
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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 46     46
b 699   694 5
c 848   628 220
d 480   357 123
e 571   525 46
3,774   5,782 -2,008
508   473 35
855   675 180
3,759   6,122 -2,363
509   381 128
639   526 113
1,034   963 71
1,091   919 172
626   393 233
723   502 221
662   541 121
283   281 2
236   212 24
2,173   5,288 -3,115
384   378 6
639   612 27
996   760 236
495   582 -87
3,880   4,369 -489
573   643 -70
2,601   5,138 -2,537
392   768 -376
960   616 344
402   446 -44
1,658   4,262 -2,604
339   852 -513
651   717 -66
3,142   2,998 144
6,459   5,400 1,059
271   288 -17
8,617   8,097 520
39,742   35,994 3,748
12,452   12,231 221
8,061   9,435 -1,374
2,751   2,360 391
5,095   4,720 375
3,423   3,456 -33
5,359   5,786 -427
11,174   11,900 -726
16,345   21,891 -5,546
2,284   3,198 -914
1,814   1,274 540
4,365   4,847 -482
9,121   10,939 -1,818
1,310   1,137 173
1,567   869 698
345   293 52
1,920   3,887 -1,967
198   166 32
272   157 115
823   759 64
128,823   127,058 1,765
57,107   56,222 885
103   98 5
1,207   578 629
4,195   1,965 2,230
869   696 173
462   517 -55
793   5,183 -4,390
818   661 157
1,169   1,041 128
767   865 -98
1,115   731 384
471   416 55
2,065   3,829 -1,764
1,433   858 575
1,708   726 982
3,316   1,125 2,191
9,084   8,269 815
22,709   23,041 -332
527   433 94
2,120   5,480 -3,360
1,150   607 543
674   637 37
355   322 33
803   741 62
816   802 14
283   275 8
664   664  
3,424   3,557 -133
13,361   13,247 114
3,116   3,557 -441
41,376   41,382 -6
343   325 18
1,511   5,749 -4,238
15,403   13,651 1,752
427   389 38
12   11 1
964   999 -35
2,743   3,121 -378
4,006   8,457 -4,451
4,904   4,452 452
35,234   34,499 735
5,075   5,202 -127
5,666   6,666 -1,000
13,399   13,702 -303
30,950   31,044 -94
3,211   4,265 -1,054
776   606 170
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
      3,411
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       46
b       5
c       220
d       123
e       46
      -2,008
      35
      180
      -2,363
      128
      113
      71
      172
      233
      221
      121
      2
      24
      -3,115
      6
      27
      236
      -87
      -489
      -70
      -2,537
      -376
      344
      -44
      -2,604
      -513
      -66
      144
      1,059
      -17
      520
      3,748
      221
      -1,374
      391
      375
      -33
      -427
      -726
      -5,546
      -914
      540
      -482
      -1,818
      173
      698
      52
      -1,967
      32
      115
      64
      1,765
      885
      5
      629
      2,230
      173
      -55
      -4,390
      157
      128
      -98
      384
      55
      -1,764
      575
      982
      2,191
      815
      -332
      94
      -3,360
      543
      37
      33
      62
      14
      8
       
      -133
      114
      -441
      -6
      18
      -4,238
      1,752
      38
      1
      -35
      -378
      -4,451
      452
      735
      -127
      -1,000
      -303
      -94
      -1,054
      170
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 -20,894
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................................ 1 470
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........................... 3 470
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- ..... 5 470
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 348
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 122
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 470
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  
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)
    bulletMD
    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 addressbullet  
    14
    The books are in care ofbulletM AND T BANK, ATTN DIANE RIMER Telephone no.bullet (716) 842-2333

    Located atbullet285 DELAWARE AVENUEBUFFALONY ZIP+4bullet14202
    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
     
     
    .........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
    M&T TRUST CO TRUSTEE
    1     		21,844    
    285 DELAWARE AVENUE
    BUFFALO,NY14202
    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
    1,451,711
    b
    Average of monthly cash balances.......................
    1b
    73,708
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,525,419
    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
    1,525,419
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    22,881
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,502,538
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    75,127
    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
    75,127
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    470
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    470
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    74,657
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    74,657
    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
    74,657
    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
    81,888
    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
    81,888
    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
    81,888
    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 74,657
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 76,122
    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$ 81,888
    a Applied to 2019, but not more than line 2a 76,122
    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..... 5,766
    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 ..........     		68,891
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    WESTERN MD HEALTH SYSTEM FDN INC
    ATTN MICHELE MARTZ
    12400 WILLOWBROOK RD
    CUMBERLAND,MD21502     		NONE PC MEDICAL 61,416
    ALLEGANY COUNTY LIBRARY
    ATTN JOHN TAUBE
    31 WASHINGTON ST
    CUMBERLAND,MD21502     		NONE PC EDUCATION 20,472
    Total .................................bullet 3a 81,888
    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 59,598  
    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 -20,894  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   38,704  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    38,704
    (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:
    CARL W SCHAFER TW
    EIN:
    52-6174408
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,500 1,500    

    TY 2020 InvestmentsOtherSchedule2
    Name:
    CARL W SCHAFER TW
    EIN:
    52-6174408
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FEDERATED TOTAL RETURN BD FD C      
    VANGUARD HIGH YIEDL CORP FD CL AT COST 29,931 29,983
    VANGUARD INFLATION PROTECTED S AT COST 8,112 8,061
    WILMINGTON BROAD MARKET BD FD AT COST 163,556 172,159
    LYONDELLBASELL INDUSTREIS NV C      
    EATON CORP PLC      
    EMERSON ELECTRIC CO AT COST 6,349 10,287
    LOCKHEED MARTIN CORP COM AT COST 6,484 11,004
    UNITED PARCEL SERVICE CL B AT COST 8,466 13,135
    AT&T INC AT COST 13,819 11,188
    EXTENDED STAY AMERICA INC      
    MCDONALDS CORP AT COST 4,161 5,365
    ALTRIA GROUP INC      
    COCA COLA CO COM AT COST 8,209 10,639
    PHILIP MORRIS INTL INC AT COST 8,782 8,693
    PROCTER & GAMNLE CO COM AT COST 7,079 12,523
    BP PLC SPONSORED ADR      
    CHEVRON CORP AT COST 9,647 8,698
    EXXON MOBIL CORP AT COST 6,052 3,050
    OCCIDENTAL PETROLEUM CORP COMM      
    SUNCOR ENERGY INC      
    BLACKSTONE MTG TR INC      
    JPMORGAN CHASE & CO AT COST 8,006 17,154
    MAIN STREET CAPITAL      
    METLIFE INCORPORATED AT COST 7,206 8,357
    OLD REPOBLIC INTL CORP COM AT COST 6,202 7,411
    PARK HOTELS & RESORTS INC      
    THE TORONTO-DOMINION BANK AT COST 7,596 8,068
    UNITED BANKSHARES INC AT COST 7,029 6,545
    WELLS FARGO & CO      
    ABBVIE INC      
    AMGEN INC COM AT COST 4,284 5,518
    JOHNSON & JOHNSON AT COST 9,114 13,692
    MERCK& CO INC AT COST 5,323 8,344
    PFIZER INC AT COST 8,410 10,601
    CISCO SYSTEMS INC AT COST 7,525 12,127
    MAXIM INTEGRATED PRODS INC COM      
    QUALCOMM INC COM AT COST 5,667 17,824
    AMERICAN ELECTRIC POWER CO INC AT COST 5,965 7,244
    DUKE ENERGY HOLDING CORP AT COST 5,773 6,043
    FIRSTENERGY CORP AT COST 5,943 6,000
    NEXTERA ENERGY INC AT COST 2,981 8,641
    VANGUARD GLOBAL EX-U.S. REAL E      
    ISHARES CORE MSCI EMERGING MAR AT COST 65,531 88,903
    JANUS HENDERSON GLOBAL EQUITY AT COST 138,756 135,288
    WILMINGTON INTERNATIONAL FD IN AT COST 124,327 146,818
    ISHARES CORE HIGH DIV ETF AT COST 72,344 75,922
    ISHARES RUSSELL 2000 VAL ETF AT COST 61,647 84,057
    VANGUARD REIT ETF      
    VERIZON COMM COM AT COST 7,256 7,990
    GENERAL MOTORS CO      
    TARGET CORP COM AT COST 5,824 15,358
    VALERO ENERGY CORP AT COST 6,588 4,922
    BLACKROCK INC AT COST 7,161 11,545
    CITIGROUP INC AT COST 8,082 9,187
    FIRST HAWAIIAN INC      
    PRUDENTIAL FINANCIAL INC      
    U S BANCORP DEL COM AT COST 10,889 10,483
    VENTAS INC COM AT COST 453 656
    CVS HEALTH CORP AT COST 8,694 9,289
    GILEAD SCIENCES INC      
    IBM CORP AT COST 7,567 6,672
    PEPSICO AT COST 6,275 8,453
    MORGAN STANLEY AT COST 6,103 9,937
    BRISTOL-MYERS SQUIBB AT COST 6,289 8,188
    DELTA AIR LINES      
    BROADCOM AT COST 8,420 14,011
    DOW AT COST 10,450 11,544
    CROWN CASTLE AT COST 4,498 5,094
    JOHNSON CONTROLS INTL AT COST 5,739 8,386
    METWEST TOTAL RETURN AT COST 261,667 269,332
    OMNICOM GROUP INC COM AT COST 5,327 5,988
    HOME DEPOT INC COM AT COST 4,870 8,234
    CONOCOPHILLIPS AT COST 4,887 7,878
    KEYCORP NEW COM AT COST 4,222 5,514
    CATERPILLAR INC AT COST 5,045 7,099
    AVALONBAY COMMUNITIES INC AT COST 6,658 6,257
    WISDOMTREE U.S. SMALLCAP DIVID AT COST 40,649 42,188
    NUTRIEN LTD AT COST 7,070 10,162
    FEDERATED HERMES INTL STR VLDV AT COST 63,705 61,432
    ISHARES GLOBAL REIT ETF AT COST 26,409 25,342
    VANGUARD COMMODITY STRAT FD CL AT COST 24,061 24,624

    TY 2020 OtherDecreasesSchedule
    Name:
    CARL W SCHAFER TW
    EIN:
    52-6174408
    Description Amount
    RETURN OF CAPITAL ADJUSTMENT 239
    2019 TRANS POSTED IN 2020 1,458
    2021 TRANS POSTED IN 2020 812
    FEDERAL FIDUCIARY INCOME TAXS 122
    CLASS ACTION PROCEEDS 418
    COST BASIS ADJUSTMENT 14,394
    ROUDING 3


    TY 2020 OtherExpensesSchedule
    Name:
    CARL W SCHAFER TW
    EIN:
    52-6174408
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER NON-ALLOCABLE EXPENSE - 3 3   0


    TY 2020 TaxesSchedule
    Name:
    CARL W SCHAFER TW
    EIN:
    52-6174408
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 149 149   0
    FOREIGN TAXES ON QUALIFIED FOR 1,580 1,580   0
    FOREIGN TAXES ON NONQUALIFIED 218 218   0