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
THE SAMUEL AND JEAN FRANKEL
HEALTH AND RESEARCH FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)273 LAKEWOOD DR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BLOOMFIELD HILLS, MI48304
A Employer identification number

30-0095044
B Telephone number (see instructions)

(248) 645-1307
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$22,796,146J 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 207,955 207,955  
4 Dividends and interest from securities... 559,214 526,124  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 48,066
b Gross sales price for all assets on line 6a 2,693,293
7 Capital gain net income (from Part IV, line 2)... 48,066
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 63 63  
12 Total. Add lines 1 through 11........ 815,298 782,208  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,750 0   0
c Other professional fees (attach schedule).... Click to see attachment 65,223 0   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 18,106 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 3,459 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 89,538 0   0
25 Contributions, gifts, grants paid....... 910,000 910,000
26 Total expenses and disbursements. Add lines 24 and 25 999,538 0   910,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -184,240
b Net investment income (if negative, enter -0-) 782,208
c Adjusted net income (if negative, enter -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.............      
2 Savings and temporary cash investments......... 848,536 854,325 854,325
3 Accounts receivable bullet8,496
Less: allowance for doubtful accounts bullet   5,449 8,496 8,496
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 bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 3,178,865 Click to see attachment2,254,378 2,588,337
b Investments—corporate stock (attach schedule)....... 1,944,854 Click to see attachment1,863,688 3,248,670
c Investments—corporate bonds (attach schedule)....... 4,459,888 Click to see attachment4,414,774 4,742,461
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 10,042,927 Click to see attachment10,979,973 11,476,152
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment-42,940 Click to see attachment-122,295 Click to see attachment-122,295
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,437,579 20,253,339 22,796,146
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 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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 20,437,579 20,253,339
29 Total net assets or fund balances (see instructions)..... 20,437,579 20,253,339
30 Total liabilities and net assets/fund balances (see instructions). 20,437,579 20,253,339
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
20,437,579
2
Enter amount from Part I, line 27a .....................
2
-184,240
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
20,253,339
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
20,253,339
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 BERWYN INCOME FUND P 2019-07-31 2020-02-13
b LORD ABBETT FLOATING P 2019-12-31 2020-09-02
c FIRST EAGLE FUNDS P 2019-12-19 2020-02-13
d SIEMENS AG P 2020-11-25 2020-11-25
e GOLDMAN SACHS MLP P 2015-08-10 2020-09-02
WESTERN ASSET MIDDLE MKT P 2012-12-20 2020-12-23
LORD ABBETT FLOATING P 2013-06-28 2020-09-02
FIRST EAGLE FUNDS P 2014-12-17 2020-02-13
HALLSVILLE TEX INDPT P 2010-04-12 2020-02-19
ANCHORAGE ALASKA GO BDS P 2010-03-12 2020-04-01
WAKE CNTY NC GO PUB P 2010-03-18 2020-04-29
SEDGWICK CO KS USD P 2010-02-19 2020-10-01
MAINE ST GO BDS P 2010-05-26 2020-06-01
LORD ABBETT FLOATING P 2011-12-30 2020-09-02
BLACKROCK GLOBAL ALLOCATION P 2010-02-04 2020-02-13
TRUIST FINL CORP P 2016-05-18 2020-03-16
WELLS FARGO & COMPANY P 2015-04-09 2020-03-16
CAPITAL ONE FINANCIAL CLD P 2015-08-17 2020-12-01
SX7P LIRN ISSUER HSBC P 2015-06-25 2020-06-26
WESTERN ASSET MIDDLE MKT P 2014-08-26 2020-07-09
SPX ENHANCED STEPUP P 2017-05-25 2020-07-21
THE SOUTHERN COMPANY P 2015-10-01 2020-10-20
METLIFE INC P 2016-09-16 2020-10-13
CAPITAL GAINS DIVIDENDS P    
(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 169,921   164,310 5,611
b 8,723   8,883 -160
c 1,753   1,682 71
d 6,169   6,169 0
e 8,008   65,368 -57,360
63,558   108,330 -44,772
52,596   59,639 -7,043
142,872   156,501 -13,629
200,000   200,000 0
120,000   120,000 0
200,000   199,282 718
200,000   200,000 0
200,000   200,000 0
115,107   126,069 -10,962
200,000   176,831 23,169
100,000   102,801 -2,801
51,000   57,378 -6,378
100,000   100,000 0
72,598   125,000 -52,402
10,980   18,540 -7,560
228,387   175,000 53,387
200,000   200,000 0
72,000   73,444 -1,444
169,621     169,621
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       5,611
b       -160
c       71
d       0
e       -57,360
      -44,772
      -7,043
      -13,629
      0
      0
      718
      0
      0
      -10,962
      23,169
      -2,801
      -6,378
      0
      -52,402
      -7,560
      53,387
      0
      -1,444
      169,621
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 48,066
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 10,873
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 10,873
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 10,873
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 20,235
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 35,235
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 24,362
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet24,362 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)
    bulletMI
    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
     
    No
    Website addressbulletN/A
    14
    The books are in care ofbulletJO ELYN NYMAN Telephone no.bullet (248) 645-1307

    Located atbullet273 LAKEWOODBLOOMFIELD HILLSMI ZIP+4bullet48304
    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
     
     
    ........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
    BRUCE FRANKEL PRESIDENT AND TRUSTEE
    2.00     		0 0 0
    700 ARDMOOR DRIVE
    BLOOMFIELD,MI48301
    JO ELYN NYMAN VICE PRESIDENT, TREASURER,
    4.00     		0 0 0
    273 LAKEWOOD
    BLOOMFIELD HILLS,MI48304
    GEORGE NYMAN SECRETARY AND TRUSTEE
    2.00     		0 0 0
    273 LAKEWOOD
    BLOOMFIELD HILLS,MI48304
    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.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    21,597,718
    b
    Average of monthly cash balances.......................
    1b
    915,613
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    22,513,331
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    22,513,331
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    337,700
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    22,175,631
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,108,782
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,108,782
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    10,873
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,873
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,097,909
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,097,909
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,097,909
    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
    910,000
    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
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    910,000
    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
    910,000
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 1,097,909
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 90,464
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 910,000
    a Applied to 2019, but not more than line 2a 90,464
    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..... 819,536
    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 ..........     		278,373
    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....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    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).)
    BRUCE FRANKEL
    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
    AFMDA
    20 W 36TH STREET 1100
    NEW YORK,NY10018     		NONE 501(C)(3) NATIONAL AMBULANCE, BLOOD-SERVICE AND DISASTER-RELIEF ORGANIZATION 50,000
    ALZHEIMERS DISEASE RESEARCH
    22512 GATEWAY CENTER DR
    CLARKSBURG,MD20871     		NONE 501(C)(3) ALZHEIMERS RESEARCH 10,000
    AMERICAN DIABETES ASSOCIATION
    1701 NORTH BEAUREGARD STREET
    ALEXANDRIA,VA22311     		NONE 501(C)(3) MEDICAL RESEARCH 40,000
    BEAR HUG FOUNDATION
    139 W MAPLE SUITE F
    BIRMINGHAM,MI48009     		NONE 501(C)(3) OUTDOOR EDUCATIONAL AND RECREATIONAL ACTIVITIES FOR FOSTER CHILDREN 5,000
    CAMP MAK-A-DREAM
    121 W LONG LAKE ROAD
    BLOOMFIELD HILLS,MI48304     		NONE 501(C)(3) ASSISTANCE FOR CHILDREN AND YOUNG ADULTS WITH CANCER 5,000
    CARE HOUSE OF OAKLAND COUNTY
    44765 WOODWARD AVENUE
    PONTIAC,MI48341     		NONE 501(C)(3) ASSISTANCE FOR ABUSED AND NEGLECTED CHILDREN 100,000
    CHRONS & COLITIS FOUNDATION
    25882 ORCHARD LAKE ROAD SUITE 102
    FARMINGTON HILLS,MI48336     		NONE 501(C)(3) MEDICAL RESEARCH 40,000
    FAR CONSERVATORY
    1669 WEST MAPLE ROAD
    BIRMINGHAM,MI48009     		NONE 501(C)(3) ASSISTANCE FOR PEOPLE WITH DISABILITIES 30,000
    HOSPICE OF MICHIGAN (STATE OF MICHIGAN)
    43097 WOODWARD AVE SUITE 102
    BLOOMFIELD HILLS,MI48302     		NONE 501(C)(3) END OF LIFE CARE AND SUPPORT PROGRAMS 300,000
    JARC
    30301 NORTHWESTERN HIGHWAY SUITE
    100
    FARMINGTON HILLS,MI48334     		NONE 501(C)(3) ASSISTANCE FOR PEOPLE WITH DISABILITIES 25,000
    JEWISH FAMILY SERVICES
    6555 W MAPLE RD
    WEST BLOOMFIELD TWP,MI48322     		NONE 501(C)(3) FAMILY SERVICES & SUPPORT GROUPS 10,000
    YAD EZRA
    2850 W 11 MILE RD
    BERKLEY,MI48072     		NONE 501(C)(3) FOOD BANK 1,000
    JEWISH SR LIFE
    6710 W MAPLE RD
    WEST BLOOMFIELD TWP,MI48322     		NONE 501(C)(3) SENIOR HOUSING 100,000
    KADIMA MENTAL HEALTH SERVICES
    15999 W TWELVE MILE RD
    SOUTHFIELD,MI48076     		NONE 501(C)(3) RESIDENTIAL, THERAPEUTIC AND SOCIAL SERVICES FOR PEOPLE WITH MENTAL HEALTH 10,000
    MICHIGAN LEAGUE FOR PUBLIC POLICY
    1223 TURNER STREET STE G1
    LANSING,MI48906     		NONE 501(C)(3) ECONOMIC SECURITY AND WELL-BEING FOR PEOPLE IN MICHIGAN 20,000
    LIGHT HOUSE
    46156 WOODWARD AVE
    PONTIAC,MI48342     		NONE 501(C)(3) EMERGENCY HOUSING AND FOOD BANK 5,000
    PLANNED PARENTHOOD
    PO BOX 3673
    ANN ARBOR,MI48106     		NONE 501(C)(3) SEXUAL AND REPRODUCTIVE HEALTH 25,000
    ST JUDES CHILDRENS RESEARCH
    32121 WOODWARD AVE 350
    ROYAL OAK,MI48073     		NONE 501(C)(3) CHILDHOOD CANCER RESEARCH AND TREATMENT 2,000
    KARMANOS CANCER INSTITUTE
    31995 NORTHWESTERN HIGHWAY
    FARMINGTON HILLS,MI48334     		NONE 501(C)(3) CANCER RESEARCH 5,000
    DOCTORS WITHOUT BORDERS
    40 RECTOR ST 16TH FLOOR
    NEW YORK,NY10006     		NONE 501(C)(3) PROVIDES LIFESAVING MEDICAL HUMANITARIAN CARE 10,000
    PROSTATE CANCER FOUNDATION
    1250 FOURTH STREET
    SANTA MONICA,CA90401     		NONE 501(C)(3) PROSTATE CANCER RESEARCH 5,000
    RONALD MCDONALD HOUSE
    4707 SAINT ANTOINE
    DETROIT,MI48201     		NONE 501(C)(3) HOUSING FOR FAMILY OF HOSPITAL PATIENTS 1,000
    SALVATION ARMY
    615 SLATERS LANE
    ALEXANDRIA,VA22314     		NONE 501(C)(3) PROVIDES CARE FOR ALL HUMAN NEEDS 1,000
    KIDS KICKING CANCER
    27600 NORTHWESTERN HIGHWAY
    SOUTHFIELD,MI48034     		NONE 501(C)(3) PROVIDES THE NEEDS OF CHILDREN WITH ILLNESS 5,000
    SANCTUM HOUSE
    200 W 2ND ST
    ROYAL OAK,MI48068     		NONE 501(C)(3) SAFE HOME FOR SURVIVORS OF HUMAN TRAFFICKING 100,000
    DETROIT RESCUE MISSION
    150 STIMSON ST
    DETROIT,MI48201     		NONE 501(C)(3) REHABILITATION FACILITY 5,000
    Total .................................bullet 3a 910,000
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		    14 207,955  
    4 Dividends and interest from securities....     14 559,214  
    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.....     14 63  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    14 48,066  
    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).. 0 815,298 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    815,298
    (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:
    THE SAMUEL AND JEAN FRANKEL
     
    HEALTH AND RESEARCH FOUNDATION
    EIN:
    30-0095044
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,750 0   0

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE SAMUEL AND JEAN FRANKEL
     
    HEALTH AND RESEARCH FOUNDATION
    EIN:
    30-0095044
    Name of Bond End of Year Book Value End of Year Fair Market Value
    100000 SHS AMERICAN EXPRESS 103,382 99,250
    100000 SHS BANK OF AMERICA 113,272 114,250
    100000 SHS JP MORGAN 107,276 109,676
    28000 SHS METLIFE INC 28,561 27,860
    100000 SHS PNC FINANCIAL SRV 113,355 102,475
    123000 SHS GENERAL ELEC CAP CORP 107,932 114,421
    250000 SHS WELLS FARGO & CO 280,255 283,437
    3000 SHS AIR LEASE CORP 75,000 78,600
    3000 SHS HSBC HLDGS PLC 60,919 75,390
    4000 SHS ALABAMA POWER CO 100,000 111,800
    4000 SHS ARCH CAPITAL GROUP 100,000 106,000
    4000 SHS BERKLEY WR CORP 100,000 111,960
    4000 SHS CITIZENS FINANCIAL GROUP 100,000 115,360
    4000 SHS GABELLI GLOBAL SMALL CAP 98,831 104,960
    4000 SHS SYNCHRONY FINANCIAL 100,000 106,800
    4000 SHS WELLS FARGO 100,000 106,960
    5000 CHARLES SCHWAB CORP 125,000 130,200
    5000 SHS ALLSTATE CORP 125,000 141,850
    57000 SHS JPMORGAN CHASE & CO 67,117 56,883
    6000 SHS AMERICAN FNCL GROUP 150,000 172,620
    6000 SHS BANK OF AMERICA CORP 150,000 163,680
    6000 SHS BANK OF AMERICA CORP HH 150,000 165,300
    6000 SHS CHS INC 150,000 177,420
    6000 SHS DOMINION RESOURCES 150,000 157,080
    6000 SHS FEDERAL AGRICULTURE 150,000 162,960
    6000 SHS FIRST REPUBLIC BANK 150,000 166,080
    6000 SHS JPMORGAN CHASE & CO 150,000 168,600
    6000 SHS SEMPRA ENERGY 150,000 170,580
    6000 SHS SVB FINANCIAL GROUP 150,000 161,280
    77000 SHS GENERAL ELECTRIC 77,968 71,629
    8000 SHS FANNIE MAE NEW MONEY 45,200 61,040
    8000 SHS JP MORGAN CHASE 200,000 206,000
    8000 SHS THE GABELLI MLT MEDIA 200,000 210,640
    6000 SHS AFFILLATED MANAGERS GROUP 150,000 158,220
    4000 SHS B RILEY FINANCIAL 87,575 101,640
    4000 SHS ENSTAR GROUP 98,131 112,960
    2000 SHS FIRST MIDWEST BANCORP 50,000 56,600

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE SAMUEL AND JEAN FRANKEL
     
    HEALTH AND RESEARCH FOUNDATION
    EIN:
    30-0095044
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1000 SHS EMERSON ELEC CO 44,242 80,370
    1000 SHS GENERAL MOTORS CO 36,325 41,640
    1000 SHS SIEMENS AG 50,648 71,790
    10000 SHS SX5E LIRN ISSUER BOFA 100,000 106,500
    1200 SHS NESTLE S A REP 52,152 141,360
    1500 SHS WASTE MANGEMENT 47,441 176,895
    1500 SHS ZURICH INSURANCE GROUP 45,239 63,330
    2000 SHS COCA COLA 50,156 109,680
    2000 SHS MICROSOFT CORP 51,018 444,840
    2000 SHS RAYONIER INC 65,465 58,760
    2000 SHS UNILEVER PLC 51,538 120,720
    20000 SHS INTL BKT STEPUP 200,000 254,000
    20000 SHS SP500 CLIRNS ISSUER BNS 200,000 223,800
    20000 SHS SX5E LIRN ISSUER WFC 200,000 220,200
    3000 SHS INTEL CORP 59,310 149,460
    3000 SHS WEYERHAUEUSER 91,200 100,590
    500 SHS UNITED PARCEL SVC 50,276 84,200
    6000 SHS NISOURCE INC 39,438 137,640
    700 SHS CATERPILLAR 55,916 127,414
    850 SHS DIAGEO PLC SPSD 50,222 134,988
    850 SHS JOHNSON AND JOHNSON 50,633 133,773
    900 SHS KELLOGG CO 47,469 56,007
    22500 SHS DJIA CLIRNS ISSUERS 225,000 210,713

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    THE SAMUEL AND JEAN FRANKEL
     
    HEALTH AND RESEARCH FOUNDATION
    EIN:
    30-0095044
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

    0
    State & Local Government Securities - End of Year Book Value:


    2,254,378
    State & Local Government Securities - End of Year Fair Market Value:


    2,588,337


    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE SAMUEL AND JEAN FRANKEL
     
    HEALTH AND RESEARCH FOUNDATION
    EIN:
    30-0095044
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    11002 VULCAN VALUE PARTNERS AT COST 235,662 285,831
    10626 SHS OAKMARK GLOBAL SELECT AT COST 179,899 222,622
    12818 SHS BLACKROCK 2022 GLOBAL AT COST 125,803 115,879
    12762 SHS INVESCO HIGH INCOME AT COST 126,423 107,581
    11914 SHS ASHMORE EMERGING AT COST 92,046 90,069
    12236 SHS THE MERGER FUND CL AT COST 193,851 212,295
    12475 SHS PIMCO LOW DURATION FD AT COST 106,371 108,279
    10732 SHS NUVEEN TAXABLE MUNI AT COST 198,716 254,885
    14007 SHS ROYCE GLOBAL VALUE AT COST 127,865 187,134
    14719 SHS HARTFORD BALANCED INCOME AT COST 203,653 229,609
    12359 SHS DAVIS NEW YORK VENTURE AT COST 418,988 396,852
    15101 SHS NUVEEN PREFERRED AT COST 241,477 265,321
    1433 SHS SPROTT GOLD FUND AT COST 75,000 78,914
    14776 SHS NEUBERGER BERMAN LONG SHORT AT COST 172,916 245,431
    1500 SHS BNY MELLON ALCENTRA AT COST 150,000 152,805
    15646 SHS COHEN & STEERS AT COST 182,779 187,907
    21287 SHS ANGEL OAK AT COST 231,564 220,113
    17396 SHS COLUMBIA FLEXIBLE CAPITAL INCOME AT COST 211,994 248,767
    17631 SHS FPA CRESCENT PORT AT COST 477,048 634,195
    17799 SHS SHENKMAN SHORT DURATION AT COST 180,300 178,881
    20092 SHS PRINCIPAL GLOBAL DIVERSIFIED INCOME AT COST 267,424 268,227
    20130 SHS JOHN HANCOCK STRATEGIC INCOME AT COST 220,216 229,076
    20556 SHS JPMORGAN STRATEGIC INCOME AT COST 236,532 236,391
    21223 SHS JP MORGAN INCOME BUILDER AT COST 222,936 235,999
    20937 SHS TORTOISE RESEARCH MLP & ENERGY INCOME AT COST 199,185 129,137
    22853 SHS PIMCO INCOME FUND AT COST 284,178 276,748
    222 SHS CZECH II SENIOR LOAN AT COST 226,250 2,778
    22797 SHS EATON VANCE RCHRD BRSTN AT COST 295,505 424,935
    22382 SHS IVA WORLDWIDE AT COST 348,227 371,092
    24045 SHS WELLS FARGO ABSOLUTE RETURN AT COST 249,254 254,391
    245 SHS PMF TEI FUND AT COST 24,503 27,698
    3260 SHS FIRST EAGLE GOLD FUND AT COST 76,291 84,737
    37198 SHS VIRTUS MULTI SECTOR AT COST 176,950 178,549
    37915 SHS EATON VANCE SHT DURT STRATEGIC INCOME AT COST 287,234 277,916
    3687 SHS MATTHEWS ASIA DIVIDEND AT COST 61,938 83,415
    38110 SHS PIMCO ALL ASSET AT COST 377,523 315,554
    38682 SHS T ROWE PRICE SHORT TERM AT COST 186,066 187,607
    4232 SHS JENSEN QUALITY GROWTH AT COST 170,455 234,536
    4922 SHS NUVEEN REAL ASSET INC AT COST 117,403 111,970
    5037 SHS NUVEEN PFD AT COST 124,486 122,631
    5000 SHS RIVERNORTH/DOUBLELINE AT COST 94,195 71,600
    6286 SHS PIMCO ENERGY AT COST 112,421 50,790
    5554 SHS KINETICS PARADIGM FUND AT COST 206,319 302,727
    6798 SHS MATTHEWS JAPAN FUND AT COST 136,577 172,116
    8248 SHS FIRST EAGLE GLOBAL AT COST 425,887 507,735
    8467 SHS AQR STYLE AT COST 83,807 53,848
    11169 SHS DOUBLELINE INCOME SOLUTION AT COST 238,993 185,187
    6083 SHS COLUMBIA DIVIDEND INCOME AT COST 152,705 156,993
    13816 SHS T ROWE PRICE RETIREMENT BALANCED FUND AT COST 217,435 218,021
    15758 SHS DOUBLELINE LOW DURATION AT COST 151,959 157,267
    37640 SHS LORD ABBETT SHORT DURATION AT COST 152,510 158,466
    26113 SHS PIMCO SHORT TERM AT COST 252,553 256,691
    9743 SHS BLACKROCK GLOBAL ALLOCATION AT COST 186,526 211,324
    7498 SHS LYRICAL US VALUE EQUITY AT COST 126,011 132,716
    7899 SHS DOUBLELINE YIELD OPP AT COST 157,164 146,214
    10000 SHS BLACKROCK CAP ALLOCATION AT COST 200,000 217,700

    TY 2020 OtherAssetsSchedule
    Name:
    THE SAMUEL AND JEAN FRANKEL
     
    HEALTH AND RESEARCH FOUNDATION
    EIN:
    30-0095044
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    BASIS ADJUSTMENTS - OTHER INVESTMENTS -42,940 76,961 76,961
    BASIS ADJUSTMENT - CZECH II   -220,250 -220,250
    BASIS ADJUSTMENT - PMF   20,994 20,994


    TY 2020 OtherExpensesSchedule
    Name:
    THE SAMUEL AND JEAN FRANKEL
     
    HEALTH AND RESEARCH FOUNDATION
    EIN:
    30-0095044
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FILING FEE 20 0   0
    BOND PREMIUM AMORTIZATION 3,168 0   0
    PORTFOLIO DEDUCTIONS 271 0   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE SAMUEL AND JEAN FRANKEL
     
    HEALTH AND RESEARCH FOUNDATION
    EIN:
    30-0095044
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CZECH II SENIOR LOAN TRUST 63 63 63


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE SAMUEL AND JEAN FRANKEL
     
    HEALTH AND RESEARCH FOUNDATION
    EIN:
    30-0095044
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT AND ADVISORY FEES 65,223 0   0


    TY 2020 TaxesSchedule
    Name:
    THE SAMUEL AND JEAN FRANKEL
     
    HEALTH AND RESEARCH FOUNDATION
    EIN:
    30-0095044
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD 4,106 0   0
    FEDERAL EXCISE TAX 14,000 0   0