TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020

Name of foundation
JACK GREENBERG TRUST AGENCY

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634

A Employer identification number

26-6237079

B Telephone number (see instructions)

(503) 464-3680

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$2,190,475J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	45,293		32,923
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-18,510
b	Gross sales price for all assets on line 6a 153,500
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).......		3	3
12	Total. Add lines 1 through 11........	26,786		32,926
13	Compensation of officers, directors, trustees, etc.	30,727		27,655		3,073
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).......		750	0	0	750
c	Other professional fees (attach schedule)....		983	983		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		1,367	1,064		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).......		397	197		200
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	34,224		29,899	0	4,023
25	Contributions, gifts, grants paid.......	100,000				100,000
26	Total expenses and disbursements. Add lines 24 and 25	134,224		29,899	0	104,023
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-107,438
b	Net investment income (if negative, enter -0-)			3,027
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	257	76	76
	2	Savings and temporary cash investments.........	114,519	60,230	60,230
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	845,620	739,785	1,359,154
	c	Investments—corporate bonds (attach schedule).......	572,921	269	258
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	65,684	692,954	769,355
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	2,040	1,402	1,402
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,601,041	1,494,716	2,190,475
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	1,601,041	1,494,716
	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).....	1,601,041	1,494,716
	30	Total liabilities and net assets/fund balances (see instructions).	1,601,041	1,494,716

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

1,601,041

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

-107,438

Other increases not included in line 2 (itemize) bullet

1,188

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

1,494,791

Decreases not included in line 2 (itemize) bullet

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

1,494,716

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	.476 INGERSOLL RAND INC		2019-02-20	2020-03-30
b	1273.092 MAINSTAY FLOATING RATE I			2020-04-22
c	3993.029 MAINSTAY FLOATING RATE I			2020-04-22
d	132. DELTA AIR LINES INC		2019-07-15	2020-05-05
e	3941.441 FEDERATED INST HI YLD BD FD		2018-09-20	2020-05-05
	132. LEGGETT & PLATT INC		2019-07-15	2020-05-05
	105. MONDELEZ INTERNATIONAL W I			2020-05-05
	43. MULTICHOICE GROUP LTD ADR		2019-03-04	2020-05-05
	57. PNC FINL SVCS GROUP INC COM W/RIGHTS ATTACHED EXP 5/25/2010		2019-02-20	2020-05-05
	115. TRANE TECHNOLOGIES PLC			2020-05-05
	.8001 SONOVA HOLDING UNSPON ADR		2014-04-21	2020-07-09
	28. B P AMOCO P L C		2019-07-15	2020-07-29
	92. B P AMOCO P L C		2019-10-15	2020-07-29
	8. DENTSU INC UNSPON A D R		2019-07-15	2020-07-29
	37. DENTSU INC UNSPON A D R		2019-10-15	2020-07-29
	58. GRIFOLS SA A D R		2016-05-13	2020-07-29
	860.933 NUVEEN REAL ESTATE SECS I			2020-07-29
	310.942 NUVEEN REAL ESTATE SECS I			2020-07-29
	83. REALTY INCOME CORP		2018-11-14	2020-07-29
	104. ROYAL DUTCH SHELL A D R		2016-03-16	2020-07-29
	96. WELLS FARGO & CO NEW			2020-07-29
	222. MYLAN NV		2019-07-15	2020-11-17
	147. MYLAN NV		2019-10-15	2020-11-17
	.3551 VIATRIS INC		2019-07-15	2020-11-30
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	11	13	-2
b	10,605	11,588	-983
c	33,262	36,581	-3,319
d	2,895	8,154	-5,259
e	35,197	38,468	-3,271
	4,061	5,084	-1,023
	5,334	4,624	710
	194	284	-90
	5,764	7,191	-1,427
	9,589	6,460	3,129
	32	22	10
	646	1,148	-502
	2,122	3,449	-1,327
	187	284	-97
	867	1,271	-404
	1,103	861	242
	15,746	18,406	-2,660
	5,687	7,095	-1,408
	4,977	5,161	-184
	3,178	5,095	-1,917
	2,458	3,763	-1,305
	3,498	4,232	-734
	2,316	2,769	-453
	6	7	-1
			3,765
			3,765
			3,765
			3,765
			3,765
			3,765
			3,765
			3,765
			3,765
			3,765
			3,765
			3,765
			3,765
			3,765
			3,765
			3,765
			3,765
			3,765
			3,765
			3,765
			3,765
			3,765
			3,765
			3,765

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			-2
b			-983
c			-3,319
d			-5,259
e			-3,271
			-1,023
			710
			-90
			-1,427
			3,129
			10
			-502
			-1,327
			-97
			-404
			242
			-2,660
			-1,408
			-184
			-1,917
			-1,305
			-734
			-453
			-1

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-18,510
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE

1 Reserved

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

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

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

Form 990-PF (2020)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	42
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	42
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	42
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	47
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	47
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	5
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax5	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address bullet

The books are in care of bullet

US BANK NA Telephone no. bullet

(503) 464-3680

Located at bullet

PO BOX 0634MILWAUKEEWI ZIP+4 bullet

532010634

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2020?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2020, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2020?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2020.)..................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .................YesNo

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
US BANK N A	TRUSTEE 1	30,727
PO BOX 0634 MILWAUKEE,WI532010634	TRUSTEE 1	30,727

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


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









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

Form 990-PF (2020)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2020)

Page 8

Part X

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

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

purposes:

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

1,881,241

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

49,118

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

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

1,930,359

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

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

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

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

1,930,359

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

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

28,955

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

1,901,404

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

95,070

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

95,070

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

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

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

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

95,028

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

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

95,028

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

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

95,028

Part XII

Qualifying Distributions (see instructions)

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

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

104,023

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

104,023

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b. See instructions.................

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

104,023

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					95,028
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	0
b From 2016......	0
c From 2017......	0
d From 2018......	11,727
e From 2019......	12,606
fTotal of lines 3a through e........		24,333
4Qualifying distributions for 2020 from Part
XII, line 4: $ 104,023
a Applied to 2019, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2020 distributable amount.....					95,028
e Remaining amount distributed out of corpus		8,995
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		33,328
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		33,328
10 Analysis of line 9:
a Excess from 2016....	0
b Excess from 2017....	0
c Excess from 2018....	11,727
d Excess from 2019....	12,606
e Excess from 2020....	8,995

Form 990-PF (2020)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

aThe name, address, and telephone number or 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)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AMERICAN FRIENDS MAGEN DAVID ADOM 352 SEVENTH AVENUE SUITE 400 NEW YORK,NY10001	NONE	PC	GENERAL OPERATING	100,000
Total ................................. 3a				100,000

bApproved for future payment

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

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	45,293
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	-18,510
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INCOME			1	3
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				26,786

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

26,786

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2020)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

JACK GREENBERG TRUST AGENCY

EIN:

26-6237079

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	750			750

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

JACK GREENBERG TRUST AGENCY

EIN:

26-6237079

Name of Bond	End of Year Book Value	End of Year Fair Market Value
SEE ATTACHED STATEMENT
770222AM9 ROBBINS IL RESOURCE	269	258

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

JACK GREENBERG TRUST AGENCY

EIN:

26-6237079

Name of Stock	End of Year Book Value	End of Year Fair Market Value
SEE ATTACHED STATEMENT
45687V106 INGERSOLL RAND INC	1,875	4,602
02079K305 ALPHABET INC CL A	17,220	26,290
72341E304 PING AN INSURANCE AD	1,627	1,642
015393101 ALFA LAVAL AB SWEDEN	3,039	5,044
N97284108 YANDEX NV	2,475	5,984
95058W100 WENDYS CO THE	719	811
075887109 BECTON DICKINSON AND	5,169	7,006
00783V104 ADYEN NV UNSPON A D	7,681	10,579
882508104 TEXAS INSTRUMENTS IN	4,902	6,893
931142103 WAL MART STORES INC	31,876	39,641
440452100 HORMEL FOODS CORP	14,858	15,941
012653101 ALBEMARLE CORP	15,433	36,437
237545108 DASSAULT SYSTEMES SA	7,527	27,292
009126202 AIR LIQUIDE S A A D	6,385	10,591
N53745100 LYONDELLBASELL INDUS	7,862	8,433
54338V101 LONZA GROUP AG UNSPO	3,298	6,472
307305102 FANUC CORPORATION A	1,635	2,716
00206R102 ATT INC	7,575	7,046
037833100 APPLE INC	9,125	76,429
126650100 CVS HEALTH CORPORATI	135	205
127097103 CABOT OIL GAS CORP C	15,635	12,975
M22465104 CHECK POINT SOFTWARE	4,509	7,177
500458401 KOMATSU LTD A D R	1,942	2,021
G1151C101 ACCENTURE PLC CL A	10,192	31,606
92556V106 VIATRIS INC	7,424	7,590
171269103 CHUGAI PHARMACEUTIC	3,472	6,384
20030N101 COMCAST CORP CL A	14,014	20,646
69343P105 LUKOIL PJSC SPON A D	1,482	1,162
56585A102 MARATHON PETROLEUM C	25,909	19,687
31620M106 FIDELITY NATL INFORM	8,157	26,877
478160104 JOHNSON JOHNSON	9,285	14,322
713448108 PEPSICO INC	13,201	19,576
548661107 LOWES CO INC	6,666	24,237
594918104 MICROSOFT CORP	12,224	68,728
641069406 NESTLE SA SPONSORED	10,391	16,610
17275R102 CISCO SYSTEMS INC	11,748	17,005
61022V107 MONOTARO CO LTD UNSP	767	7,107
771195104 ROCHE HOLDINGS LTD S	6,073	8,110
539830109 LOCKHEED MARTIN CORP	11,063	15,974
03027X100 AMERICAN TOWER CORP	18,586	19,079
12637N204 CSL LIMITED A D R	3,377	13,769
09247X101 BLACKROCK INC	6,344	18,760
92343V104 VERIZON COMMUNICATIO	6,283	6,286
G5960L103 MEDTRONIC PLC	10,064	15,580
458140100 INTEL CORP	9,992	9,864
571748102 MARSH MCLENNAN COS I	10,137	21,060
808513105 SCHWAB CHARLES CORP	20,156	30,339
803054204 SAP SE SPONSORED A D	8,567	14,473
465562106 ITAU UNIBANCO HOLDIN	2,594	3,082
023135106 AMAZON.COM INC	17,414	22,799
G5494J103 LINDE PLC	4,413	7,115
404280406 HSBC HOLDINGS PLC SP	1,052	674
718546104 PHILLIPS 66	6,735	7,134
695156109 PACKAGING CORP AMERI	4,892	13,377
91324P102 UNITED HEALTH GROUP	8,536	32,964
670108109 NOVOZYMES A S UNSPON	1,440	1,484
398438408 GRIFOLS SA A D R	1,648	2,102
049255706 ATLAS COPCO AB SPONS	3,534	6,743
620076307 MOTOROLA SOLUTIONS I	321	340
35952Q106 FUCHS PETROLUB SE PR	1,082	1,494
559222401 MAGNA INTL INC CL	7,492	11,116
767204100 RIO TINTO PLC A D R	930	1,354
438516106 HONEYWELL INTERNATIO	9,262	23,397
87184P109 SYSMEX CORP UNSPON A	1,153	4,752
88032Q109 TENCENT HLDGS LTD A	1,827	3,019
018820100 ALLIANZ SE UNSP A D	7,297	10,920
92939U106 WEC ENERGY GROUP INC	5,854	10,491
254687106 DISNEY WALT CO	9,251	17,937
717081103 PFIZER INC	7,779	10,785
907818108 UNION PACIFIC CORP	6,245	16,033
031162100 AMGEN INC	3,656	4,139
57772K101 MAXIM INTEGRATED PRO	11,224	17,021
29429L105 EPIROC AB UNSP A D R	1,058	1,891
502117203 LOREAL UNSPONSORED A	6,975	15,839
45662N103 INFINEON TECHNOLOGIE	534	1,118
90460M204 UNI CHARM CORPORATIO	676	988
45104G104 ICICI BANK LTD A D R	3,150	6,865
46625H100 J P MORGAN CHASE CO	11,203	28,845
344849104 FOOT LOCKER INC	6,772	6,551
65339F101 NEXTERA ENERGY INC	10,086	37,341
40415F101 H D F C BK LTD A D R	2,442	3,758
H1467J104 CHUBB LTD	8,302	13,083
001317205 AIA GROUP LTD ADR	7,433	21,273
502441306 LVMH MOET HENNESSY A	3,218	11,226
98419M100 XYLEM INC	9,080	12,011
12572Q105 CME GROUP INC	18,880	20,208
92826C839 VISA INC	18,565	22,529
83569C102 SONOVA HOLDING UNSPO	3,303	6,304
02319V103 AMBEV SA SPN A D R	1,943	1,264
87155N109 SYMRISE AG UNSPON A	3,484	7,252
00687A107 ADIDAS AG A D R	4,348	6,771
375558103 GILEAD SCIENCES INC	7,881	6,875
803866300 SASOL LTD SPONSORED	1,311	346
136375102 CANADIAN NATL RY CO	5,356	10,546
874039100 TAIWAN SEMICONDUCTOR	6,145	36,746
501173207 KUBOTA LTD A D R	2,593	4,414
060505104 BANK OF AMERICA CORP	14,341	14,761
904767704 UNILEVER PLC SPSD AD	4,583	6,459
23304Y100 DBS GROUP HLDGS LTD	5,217	7,985
00287Y109 ABBVIE INC	7,274	17,251
88579Y101 3M CO	19,925	21,324

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

JACK GREENBERG TRUST AGENCY

EIN:

26-6237079

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
SEE ATTACHED STATEMENT
258620103 DOUBLELINE TOTAL RET	AT COST	57,755	59,526
46432F842 ISHARES CORE MSCI EA	AT COST	87,490	95,966
670678507 NUVEEN REAL ESTATE S	AT COST	16,363	15,182
378690820 GLENMEDE SMALL CAP E	AT COST	31,746	36,561
779556109 ROWE T PRICE MID-CAP	AT COST	51,340	77,431
808524870 SCHWAB U.S. TIPS ETF	AT COST	34,722	39,545
67065Q855 NUVEEN ALL AMERICAN	AT COST	362,844	391,048
31420B300 FEDERATED INST HI YL	AT COST	50,694	54,096

- TIN:

TY 2020 OtherAssetsSchedule

Name:

JACK GREENBERG TRUST AGENCY

EIN:

26-6237079

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
000000000 MISCELLANEOUS ENTRY	2,040	1,402	1,402

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

JACK GREENBERG TRUST AGENCY

EIN:

26-6237079

Description	Amount
ROC ADJ ON CY SALES	24
COST BASIS ADJUSTMENT	51

- TIN:

TY 2020 OtherExpensesSchedule

Name:

JACK GREENBERG TRUST AGENCY

EIN:

26-6237079

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
STATE FILING FEE/TAX	200	0		200
ADR FEES	197	197		0

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

JACK GREENBERG TRUST AGENCY

EIN:

26-6237079

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INCOME	3	3

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

JACK GREENBERG TRUST AGENCY

EIN:

26-6237079

Description	Amount
MYLAN CORPORATE ACTION ADJUSTMENT	1,188

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

JACK GREENBERG TRUST AGENCY

EIN:

26-6237079

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	983	983

- TIN:

TY 2020 TaxesSchedule

Name:

JACK GREENBERG TRUST AGENCY

EIN:

26-6237079

Category	Amount	Net Investment Income
FOREIGN TAXES	1,059	1,059
FEDERAL ESTIMATES - PRINCIPAL	303	0
FOREIGN TAXES ON NONQUALIFIED	5	5