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
TWO EAGLES FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)CO MIKE ORLOWSKI 1917 ROBINSON RD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TOMAHAWK, WI54487
A Employer identification number

83-0399899
B Telephone number (see instructions)

(715) 966-5694
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$87,555,910J 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) 629,847
2 Check bullet.............
3 Interest on savings and temporary cash investments 16,432 16,432  
4 Dividends and interest from securities... 1,645,656 1,626,917  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 991,972
b Gross sales price for all assets on line 6a 28,406,405
7 Capital gain net income (from Part IV, line 2)... 991,972
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 0 7,335  
12 Total. Add lines 1 through 11........ 3,283,907 2,642,656  
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)......... Click to see attachment 111 83   28
b Accounting fees (attach schedule)....... Click to see attachment 38,165 19,594   18,571
c Other professional fees (attach schedule).... Click to see attachment 522,145 462,145   60,000
17 Interest............... 4,671 4,671   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 39,018 14,018   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... -734 0   -734
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 38,220 35,524   2,696
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 641,596 536,035   80,561
25 Contributions, gifts, grants paid....... 5,106,400 5,106,400
26 Total expenses and disbursements. Add lines 24 and 25 5,747,996 536,035   5,186,961
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,464,089
b Net investment income (if negative, enter -0-) 2,106,621
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......... 3,844,568 2,795,159 2,795,159
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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) 3,167,935 Click to see attachment1,545,169 1,647,494
b Investments—corporate stock (attach schedule)....... 34,598,213 Click to see attachment37,976,871 59,345,364
c Investments—corporate bonds (attach schedule)....... 8,594,179 Click to see attachment6,592,148 7,110,099
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 16,078,521 Click to see attachment14,507,875 16,657,794
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 66,283,416 63,417,222 87,555,910
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) Click to see attachment9,973 Click to see attachment0
23 Total liabilities (add lines 17 through 22)......... 9,973 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 66,273,443 63,417,222
29 Total net assets or fund balances (see instructions)..... 66,273,443 63,417,222
30 Total liabilities and net assets/fund balances (see instructions). 66,283,416 63,417,222
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
66,273,443
2
Enter amount from Part I, line 27a .....................
2
-2,464,089
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
63,809,354
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
392,132
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
63,417,222
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 CYPRESS CREEK PRIVATE STRATEGIES REGISTERED FUND LP K-1      
b ENERGY CAPITAL PARTNERS III-A LP K-1      
c ENTERPRISE PRODUCTS PARTNERS LP K-1      
d MAGELLAN MIDSTREAM PARTNERS LP K-1      
e MPLX LP K-1      
NOBLE MIDSTREAM PARTNERS LP K-1      
NUSTAR ENERGY K-1      
ORBIMED ISRAEL PARTNERS II LP K-1      
PLAINS ALL AMERICAN PIPELINE LP K-1      
PUBLICLY TRADED SECURITIES - CHARLOTTE STATE BANK      
PUBLICLY TRADED SECURITIES - MSSB #012141      
PUBLICLY TRADED SECURITIES - MSSB #012700      
PUBLICLY TRADED SECURITIES - MSSB #028917      
PUBLICLY TRADED SECURITIES - MSSB #028918      
STRATEGIC VALUE RESTRUCTURING FUND      
VANGUARD SHORT-TERM TAX-EXEMPT FUND      
PORTFOLIO ADVISORS SECONDARY FUND II LP K-1      
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       20,063
b       19,042
c       -4
d       -135
e       -2
      6
      -2
      39,922
      -49
13,671,358   12,970,844 700,514
7,076,172   7,348,505 -272,333
3,169,010   2,725,984 443,026
3,624,336   3,642,364 -18,028
364,653   377,130 -12,477
316,334   344,429 -28,095
100,000   99,373 627
      15,355
84,542     84,542
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       20,063
b       19,042
c       -4
d       -135
e       -2
      6
      -2
      39,922
      -49
      700,514
      -272,333
      443,026
      -18,028
      -12,477
      -28,095
      627
      15,355
      84,542
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 2 991,972
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 29,282
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 29,282
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 29,282
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 24,924
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 40,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 64,924
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 35,642
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet35,642 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletFL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTHE ORGANIZATION Telephone no.bullet (715) 966-5694

    Located atbullet1917 ROBINSON ROADTOMAHAWKWI ZIP+4bullet54487
    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
    MICHAEL W ORLOWSKI PRESIDENT/DIRECTOR
    1.00     		0 0 0
    1917 ROBINSON ROAD
    TOMAHAWK,WI54487
    DORIS A ORLOWSKI SECRETARY/DIRECTOR
    1.00     		0 0 0
    1917 ROBINSON ROAD
    TOMAHAWK,WI54487
    MICHAEL NAVARRO TREASURER/DIRECTOR
    1.00     		0 0 0
    10966 LONGWING DRIVE
    FORT MYERS,FL33912
    FR JOHN C ANDERSON BOARD MEMBER
    1.00     		0 0 0
    IMMACULATE CONCEPTION/ST PATRICK
    151 S WASHINGTON AVE
    NEW RICHMOND,WI54017
    BRUCE ESSEN BOARD MEMBER
    1.00     		0 0 0
    2449 FIRST STREET
    FORT MYERS,FL33902
    SCOTT SWENTY BOARD MEMBER
    1.00     		0 0 0
    1931 SUNSET DRIVE
    TOMAHAWK,WI54487
    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
    CHARLOTTE STATE BANK PORTFOLIO MANAGEMENT 251,040
    1100 TAMIAMI TRAIL
    PORT CHARLOTTE,FL33953
    MORGAN STANLEY SMITH BARNEY PORTFOLIO MANAGEMENT 206,160
    4300 EAST 53RD STREET SUITE 300
    DAVENPORT,IA52807
    MARSHA FERRELL HUMAN RELATIONS DIRECTOR 60,000
    2872 CANTERBURY ROAD
    WESTLAKE,OH44145
    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
    77,342,105
    b
    Average of monthly cash balances.......................
    1b
    4,906,300
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    82,248,405
    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
    82,248,405
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,233,726
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    81,014,679
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,050,734
    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
    4,050,734
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    29,282
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    29,282
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,021,452
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,021,452
    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
    4,021,452
    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
    5,186,961
    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
    5,186,961
    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
    5,186,961
    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 4,021,452
    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...... 969,697
    b From 2016...... 1,056,669
    c From 2017...... 1,029,086
    d From 2018...... 2,029,918
    e From 2019...... 2,541,395
    fTotal of lines 3a through e........ 7,626,765
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 5,186,961
    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..... 4,021,452
    e Remaining amount distributed out of corpus 1,165,509
    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 8,792,274
    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) ...     		969,697
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		7,822,577
    10 Analysis of line 9:
    a Excess from 2016.... 1,056,669
    b Excess from 2017.... 1,029,086
    c Excess from 2018.... 2,029,918
    d Excess from 2019.... 2,541,395
    e Excess from 2020.... 1,165,509
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALL SAINTS CATHOLIC SCHOOL
    1926 N MARQUETTE ST
    DAVENPORT,IA52804     		NONE PC TUITION ASSISTANCE 16,000
    ALL SAINTS CATHOLIC SCHOOL
    4400 - 22ND AVE
    KENOSHA,WI53140     		NONE PC TUITION ASSISTANCE 16,000
    ALL SAINTS CATHOLIC SCHOOL
    500 N SECOND AVE
    ALPENA,MI49707     		NONE PC TUITION ASSISTANCE 40,000
    ALL SAINTS OF ST JOHN VIANNEY SCHOOL
    28702 EUCLID AVE
    WICKLIFFE,OH44092     		NONE PC TUITION ASSISTANCE 24,000
    ANNUNCIATION SCHOOL
    525 W 54TH ST
    MINNEAPOLIS,MN55419     		NONE PC TUITION ASSISTANCE 16,000
    AQUINAS MIDDLE SCHOOL
    315 11TH ST S
    LA CROSSE,WI54601     		NONE PC TUITION ASSISTANCE 11,200
    ASSUMPTION CATHOLIC SCHOOL
    901 WEST PROSPECT ST
    DURAND,WI54736     		NONE PC TUITION ASSISTANCE 16,800
    ASSUMPTION MIDDLE SCHOOL
    440 MEAD ST
    WISCONSIN RAPIDS,WI54494     		NONE PC TUITION ASSISTANCE 24,000
    AVE MARIA ACADEMY
    7000 JEWEL LANE N
    MAPLE GROVE,MN55311     		NONE PC TUITION ASSISTANCE 16,000
    BALDWIN CHRISTIAN SCHOOL
    896 US HWY 63
    BALDWIN,WI54002     		NONE PC TUITION ASSISTANCE 8,000
    BETHANY LUTHERAN SCHOOL
    6041 RIDGE RD
    PARMA,OH44129     		NONE PC TUITION ASSISTANCE 24,000
    BETHLEHEM LUTHERAN SCHOOL
    1240 SOUTH MAPLE AVE
    FAIRBORN,OH45324     		NONE PC TUITION ASSISTANCE 20,000
    BISHOP BARAGA CATHOLIC SCHOOL
    406 W B ST
    IRON MOUNTAIN,MI49801     		NONE PC TUITION ASSISTANCE 20,000
    BISHOP BARAGA CATHOLIC SCHOOL
    623 W LINCOLN AVE
    CHEBOYGAN,MI49721     		NONE PC TUITION ASSISTANCE 37,600
    BLESSED SACRAMENT GRADE SCHOOL
    2404 KING ST
    LA CROSSE,WI54601     		NONE PC TUITION ASSISTANCE 16,000
    BLESSED TRINITY CATHOLIC SCHOOL
    6720 NICOLLET AVE S
    RICHFIELD,MN55423     		NONE PC TUITION ASSISTANCE 24,000
    CATHEDRAL ELEMENTARY SCHOOL
    1319 FERRY ST
    LA CROSSE,WI54601     		NONE PC TUITION ASSISTANCE 11,200
    CATHEDRAL SCHOOL
    1419 BAXTER AVE
    SUPERIOR,WI54880     		NONE PC TUITION ASSISTANCE 32,000
    COLUMBUS CATHOLIC MIDDLE SCHOOL
    710 SOUTH COLUMBUS AVE
    MARSHFIELD,WI54449     		NONE PC TUITION ASSISTANCE 12,000
    COMMUNION OF SAINTS SCHOOL
    2160 STILLMAN RD
    CLEVELAND HTS,OH44118     		NONE PC TUITION ASSISTANCE 16,000
    COMMUNITY OF SAINTS REGIONAL CATHOLIC SCHOOL
    335 HURLEY ST EAST
    WEST ST PAUL,MN55118     		NONE PC TUITION ASSISTANCE 24,000
    CORNERSTONE SCHOOLS OF ALABAMA - ELEMENTARY
    118 55TH ST NORTH
    BIRMINGHAM,AL35212     		NONE PC TUITION ASSISTANCE 20,000
    DIVINE MERCY CATHOLIC SCHOOL
    15 THIRD AVE SW
    FARIBAULT,MN55021     		NONE PC TUITION ASSISTANCE 24,000
    EAST MOLINE CHRISTIAN SCHOOL
    900 46TH AVE
    EAST MOLINE,IL61244     		NONE PC TUITION ASSISTANCE 6,400
    EPIPHANY CATHEDRAL CATHOLIC SCHOOL
    316 SARASOTA ST
    VENICE,FL34285     		NONE PC TUITION ASSISTANCE 40,000
    FR MARQUETTE CATHOLIC ACADEMY
    500 S 4TH ST
    MARQUETTE,MI49855     		NONE PC TUITION ASSISTANCE 24,000
    GOOD SHEPHERD CATHOLIC SCHOOL
    620 ELIZABETH ST
    DENVER,CO80206     		NONE PC TUITION ASSISTANCE 20,000
    GOOD SHEPHERD SCHOOL
    145 JERSEY AVE S
    GOLDEN VALLEY,MN55426     		NONE PC TUITION ASSISTANCE 16,000
    GRAND TRAVERSE AREA CATHOLIC SCHOOLS
    123 E 11TH ST
    TRAVERSE CITY,MI49684     		NONE PC TUITION ASSISTANCE 40,000
    GUARDIAN ANGELS CATHOLIC SCHOOL
    217 W 2ND ST
    CHASKA,MN55318     		NONE PC TUITION ASSISTANCE 16,000
    HOLY CROSS CATHOLIC SCHOOL
    6100 37TH ST W
    WEBSTER,MN55088     		NONE PC TUITION ASSISTANCE 24,000
    HOLY FAMILY ACADEMY
    5925 WEST LAKE ST
    ST LOUIS PARK,MN55416     		NONE PC TUITION ASSISTANCE 20,000
    HOLY FAMILY CATHOLIC SCHOOL
    1265 EAST 9TH ST
    DES MOINES,IA50316     		NONE PC TUITION ASSISTANCE 24,000
    HOLY FAMILY CATHOLIC SCHOOL
    532 MCKINLEY ST
    ARCADIA,WI54612     		NONE PC TUITION ASSISTANCE 28,000
    HOLY FAMILY CATHOLIC SCHOOL
    7367 YORK RD
    PARMA,OH44130     		NONE PC TUITION ASSISTANCE 12,000
    HOLY FAMILY SCHOOL
    411 WILKINSON ST
    EAST TAWAS,MI48730     		NONE PC TUITION ASSISTANCE 24,000
    HOLY GHOST ELEMENTARY SCHOOL
    436 SOUTH MAIN ST
    CHIPPEWA FALLS,WI54729     		NONE PC TUITION ASSISTANCE 12,800
    HOLY NAME CATHOLIC SCHOOL
    409 S 22ND ST
    ESCANABA,MI49829     		NONE PC TUITION ASSISTANCE 28,000
    HOLY REDEEMER SCHOOL
    341 E LOCKWOOD AVE
    WEBSTER GROVES,MO63119     		NONE PC TUITION ASSISTANCE 32,000
    HOLY ROSARY SCHOOL
    215 S WASHINGTON AVE
    MEDFORD,WI54451     		NONE PC TUITION ASSISTANCE 24,000
    HOLY SPIRIT CATHOLIC SCHOOL
    515 ALBERT ST S
    ST PAUL,MN55116     		NONE PC TUITION ASSISTANCE 16,000
    HOLY SPIRIT CENTRAL CATHOLIC SCHOOL
    201 SAGINAW ST
    NORWAY,MI49870     		NONE PC TUITION ASSISTANCE 16,000
    HOLY TRINITY CATHOLIC SCHOOL
    745 6TH AVE S
    SOUTH ST PAUL,MN55075     		NONE PC TUITION ASSISTANCE 20,000
    IMMACULATE CONCEPTION ELEMENTARY SCHOOL
    1703 SHERWIN AVE
    EAU CLAIRE,WI54701     		NONE PC TUITION ASSISTANCE 12,000
    IMMACULATE CONCEPTION SCHOOL
    4030 JACKSON ST NE
    COLUMBIA HTS,MN55421     		NONE PC TUITION ASSISTANCE 24,000
    IMMACULATE HEART OF MARY CATHOLIC SCHOOL
    4913 SCHOFIELD ST
    MONONA,WI53716     		NONE PC TUITION ASSISTANCE 25,600
    INCARNATION CATHOLIC SCHOOL
    2911 BEE RIDGE RD
    SARASOTA,FL34239     		NONE PC TUITION ASSISTANCE 28,000
    JORDAN CATHOLIC SCHOOL
    2901 24TH ST
    ROCK ISLAND,IL61201     		NONE PC TUITION ASSISTANCE 40,000
    LAKEWOOD CATHOLIC ACADEMY
    14808 LAKE AVE
    LAKEWOOD,OH44107     		NONE PC TUITION ASSISTANCE 16,000
    LAKEWOOD LUTHERAN SCHOOL
    14560 MADISON AVE
    LAKEWOOD,OH44107     		NONE PC TUITION ASSISTANCE 16,000
    LOURDES CATHOLIC SCHOOL
    1453 MISSISSIPPI BLVD
    BETTENDORF,IA52722     		NONE PC TUITION ASSISTANCE 21,600
    LOYOLA CATHOLIC SCHOOL
    145 GOOD COUNSEL DR
    MANKATO,MN56001     		NONE PC TUITION ASSISTANCE 40,000
    MANISTEE CATHOLIC CENTRAL SCHOOL
    1200 US HWY 31 SOUTH
    MANISTEE,MI49660     		NONE PC TUITION ASSISTANCE 40,000
    MARY QUEEN OF PEACE SCHOOL
    21304 CHURCH AVE
    ROGERS,MN55374     		NONE PC TUITION ASSISTANCE 16,000
    MATER DEI ACADEMY
    29840 EUCLID AVE
    WICKLIFFE,OH44092     		NONE PC TUITION ASSISTANCE 8,000
    MATERNITY OF MARYST ANDREW SCHOOL
    592 ARLINGTON AVE W
    ST PAUL,MN55117     		NONE PC TUITION ASSISTANCE 16,000
    MOST HOLY REDEEMER SCHOOL
    205 VINE AVE W
    MONTGOMERY,MN56069     		NONE PC TUITION ASSISTANCE 16,000
    MOST SACRED HEART SCHOOL
    350 EAST 4TH ST
    EUREKA,MO63025     		NONE PC TUITION ASSISTANCE 24,000
    MOUNT ROYAL ACADEMY
    26 SEVEN HEARTHS LANE/PO BOX 362
    SUNAPEE,NH03782     		NONE PC TUITION ASSISTANCE 40,000
    NATIVITY OF MARY CATHOLIC SCHOOL
    9901 E BLOOMINGTON FWY
    BLOOMINGTON,MN55420     		NONE PC TUITION ASSISTANCE 16,000
    NATIVITY OF OUR LORD CATHOLIC SCHOOL
    110 S CONRO STREET
    RHINELANDER,WI54501     		NONE PC TUITION ASSISTANCE 40,000
    NEWMAN CATHOLIC MIDDLE SCHOOL
    1130 W BRIDGE ST
    WAUSAU,WI54401     		NONE PC TUITION ASSISTANCE 24,000
    NORTHPOINTE CHRISTIAN SCHOOL
    3101 LEONARD ST NE
    GRAND RAPIDS,MI49525     		NONE PC TUITION ASSISTANCE 28,000
    NOTRE DAME ACADEMY
    13505 EXCELSIOR BLVD
    MINNETONKA,MN55345     		NONE PC TUITION ASSISTANCE 16,000
    NOTRE DAME MIDDLE SCHOOL
    1316 BEL AIR BLVD
    CHIPPEWA FALLS,WI54729     		NONE PC TUITION ASSISTANCE 16,000
    OUR LADY OF GRACE CATHOLIC ACADEMY
    603 18TH AVE
    EAST MOLINE,IL61244     		NONE PC TUITION ASSISTANCE 20,000
    OUR LADY OF PEACE INTERMEDIATE SCHOOL
    1300 WEST 5TH ST
    MARSHFIELD,WI54449     		NONE PC TUITION ASSISTANCE 16,000
    OUR LADY OF PERPETUAL HELP CATHOLIC SCHOOL
    505 SOUTH MOORE RD
    CHATTANOOGA,TN37412     		NONE PC TUITION ASSISTANCE 24,000
    OUR LADY OF SORROWS SCHOOL
    105 E WASHINGTON AVE
    LADYSMITH,WI54848     		NONE PC TUITION ASSISTANCE 32,000
    OUR LADY OF THE ASSUMPTION CATHOLIC SCHOOL
    2222 SHOPIERE RD
    BELOIT,WI53511     		NONE PC TUITION ASSISTANCE 16,000
    OUR LADY OF THE LAKE CATHOLIC SCHOOL
    215 LAKE SHORE DR E
    ASHLAND,WI54806     		NONE PC TUITION ASSISTANCE 20,000
    OUR LADY OF THE LAKE REGIONAL CATHOLIC SCHOOL
    1039 W HOUGHTON LAKE DR
    PRUDENVILLE,MI48651     		NONE PC TUITION ASSISTANCE 36,000
    OUR LADY OF THE LAKE SCHOOL
    175 E 200TH ST
    EUCLID,OH44119     		NONE PC TUITION ASSISTANCE 12,000
    OUR LADY OF THE PRAIRIE SCHOOL
    200 E CHURCH ST
    BELLE PLAINE,MN56011     		NONE PC TUITION ASSISTANCE 12,000
    OUR LADY QUEEN OF HEAVEN SCHOOL
    750 10TH AVE S
    WISCONSIN RAPIDS,WI54495     		NONE PC TUITION ASSISTANCE 16,000
    OUR MOTHER OF PEACE ELEMENTARY SCHOOL
    218 N ROGERS ST
    CHURCH POINT,LA70525     		NONE PC TUITION ASSISTANCE 8,000
    PACELLI CATHOLIC MIDDLE SCHOOL
    708 FIRST ST
    STEVENS POINT,WI54481     		NONE PC TUITION ASSISTANCE 16,000
    PRAIRIE CATHOLIC SCHOOL
    515 NORTH BEAUMONT RD
    PRAIRIE DU CHIEN,WI53821     		NONE PC TUITION ASSISTANCE 28,000
    PRESENTATION OF MARY SCHOOL
    1695 KENNARD ST
    MAPLEWOOD,MN55109     		NONE PC TUITION ASSISTANCE 16,000
    QUEEN OF THE APOSTLES CATHOLIC SCHOOL
    315 W MONROE ST
    TOMAH,WI54660     		NONE PC TUITION ASSISTANCE 20,000
    REDEEMER CHRISTIAN SCHOOL
    2141 5TH ST
    CUYAHOGA FALLS,OH44221     		NONE PC TUITION ASSISTANCE 24,000
    REGIS MIDDLE SCHOOL
    2100 FENWICK AVE
    EAU CLAIRE,WI54701     		NONE PC TUITION ASSISTANCE 14,400
    RISEN CHRIST CATHOLIC SCHOOL
    1120 E 37TH ST
    MINNEAPOLIS,MN55417     		NONE PC TUITION ASSISTANCE 16,000
    RISEN CHRIST LUTHERAN SCHOOL
    41 E POSSUM RD
    SPRINGFIELD,OH45502     		NONE PC TUITION ASSISTANCE 16,000
    ROYAL REDEEMER LUTHERAN SCHOOL
    11680 ROYALTON RD
    NORTH ROYALTON,OH44133     		NONE PC TUITION ASSISTANCE 24,000
    SACRED HEART CATHEDRAL SCHOOL
    711 NORTHSHORE DR SW
    KNOXVILLE,TN37919     		NONE PC TUITION ASSISTANCE 20,000
    SACRED HEART OF JESUS CATHOLIC SCHOOL
    16 MORTON RD
    ANNISTON,AL36205     		NONE PC TUITION ASSISTANCE 37,600
    SACRED HEART SCHOOL
    15 HUNTERS AVE
    TAFTVILLE,CT06380     		NONE PC TUITION ASSISTANCE 40,000
    SACRED HEART SCHOOL
    4050 HUBBARD AVE N
    ROBBINSDALE,MN55422     		NONE PC TUITION ASSISTANCE 8,000
    SACRED HEART SCHOOL
    7379 CHURCH ST
    CUSTER,WI54423     		NONE PC TUITION ASSISTANCE 10,400
    SACRED HEART SCHOOL
    710 KENYON ST
    CASHTON,WI54619     		NONE PC TUITION ASSISTANCE 20,000
    SACRED HEART SCHOOL
    433 BARAGA AVE
    LANSE,MI49946     		NONE PC TUITION ASSISTANCE 24,000
    SAINTS PETER AND PAUL CATHOLIC SCHOOL
    36100 OSSEO RD
    INDEPENDENCE,WI54747     		NONE PC TUITION ASSISTANCE 16,000
    SETON CATHOLIC SCHOOL
    117 EAST 4TH ST
    OTTUMWA,IA52501     		NONE PC TUITION ASSISTANCE 16,000
    SETON CATHOLIC SCHOOL
    1320 16TH AVE
    MOLINE,IL61265     		NONE PC TUITION ASSISTANCE 40,000
    SS ROBERT AND WILLIAM CATHOLIC SCHOOL
    351 E 260TH ST
    EUCLID,OH44132     		NONE PC TUITION ASSISTANCE 12,000
    ST ADALBERT SCHOOL
    3314 ST ADALBERT RD
    ROSHOLT,WI54473     		NONE PC TUITION ASSISTANCE 12,000
    ST AGNES CATHOLIC SCHOOL
    40 ST AGNES DRPO BOX 124
    BLOOMSDALE,MO63627     		NONE PC TUITION ASSISTANCE 12,000
    ST ALOYSIUS GONZAGA CATHOLIC SCHOOL
    608 OAK ST
    SAUK CITY,WI53583     		NONE PC TUITION ASSISTANCE 16,000
    ST ALPHONSUS CATHOLIC SCHOOL
    209 TENTH AVE
    LANGDON,ND58249     		NONE PC TUITION ASSISTANCE 28,000
    ST ALPHONSUS CATHOLIC SCHOOL
    7031 HALIFAX AVE N
    BROOKLYN CENTER,MN55429     		NONE PC TUITION ASSISTANCE 20,000
    ST ALPHONSUS SCHOOL
    6000 W LOOMIS RD
    GREENDALE,WI53129     		NONE PC TUITION ASSISTANCE 16,000
    ST ANDREW CATHOLIC SCHOOL
    1509 SE 27TH ST
    CAPE CORAL,FL33904     		NONE PC TUITION ASSISTANCE 32,000
    ST ANGELA MERICI SCHOOL
    20970 LORAIN RD
    FAIRVIEW PARK,OH44126     		NONE PC TUITION ASSISTANCE 24,000
    ST ANN SCHOOL
    800 W 13TH ST
    CADILLAC,MI49601     		NONE PC TUITION ASSISTANCE 36,000
    ST ANN SCHOOL
    542 8TH AVE S
    NAPLES,FL34102     		NONE PC TUITION ASSISTANCE 40,000
    ST ANNE CATHOLIC SCHOOL
    140 CHURCH HILL RD
    SOMERSET,WI54025     		NONE PC TUITION ASSISTANCE 24,000
    ST ANNE SCHOOL - NCES
    604 N 6TH AVE
    WAUSAU,WI54401     		NONE PC TUITION ASSISTANCE 28,000
    ST ANNE'S SCHOOL
    511 N 4TH ST
    LESUEUR,MN56058     		NONE PC TUITION ASSISTANCE 16,000
    ST ANSELM SCHOOL
    13013 CHILLICOTHE RD
    CHESTERLAND,OH44026     		NONE PC TUITION ASSISTANCE 24,000
    ST ANTHONY DE PADUA CATHOLIC SCHOOL
    309 MUELLER STPO BOX 1
    ATHENS,WI54911     		NONE PC TUITION ASSISTANCE 20,000
    ST ANTHONY OF PADUA SCHOOL
    1339 EAST ERIE AVE
    LORAIN,OH44052     		NONE PC TUITION ASSISTANCE 12,800
    ST ANTHONY OF PADUA SCHOOL
    6800 STATE RD
    PARMA,OH44134     		NONE PC TUITION ASSISTANCE 20,000
    ST ANTHONY SCHOOL
    208 WEST SPRING ST
    LOYAL,WI54446     		NONE PC TUITION ASSISTANCE 12,000
    ST AUGUSTINE SCHOOL
    195 SEVENTH ST NW
    BARBERTON,OH44203     		NONE PC TUITION ASSISTANCE 16,000
    ST BENEDICT CATHOLIC SCHOOL
    13633 ROCKSIDE RD
    GARFIELD HTS,OH44125     		NONE PC TUITION ASSISTANCE 16,000
    ST BONIFACE CATHOLIC SCHOOL
    S 2022 COUNTY RD U
    WAUMANDEE,WI54622     		NONE PC TUITION ASSISTANCE 6,400
    ST BRIDGET PARISH SCHOOL
    135 E DIVISION ST
    RIVER FALLS,WI54022     		NONE PC TUITION ASSISTANCE 28,800
    ST BRONISLAVA SCHOOL
    3301 WILLOW DR
    PLOVER,WI54467     		NONE PC TUITION ASSISTANCE 6,400
    ST CATHERINE CATHOLIC SCHOOL
    747 S FRANKLIN ST
    SEBRING,FL33870     		NONE PC TUITION ASSISTANCE 28,000
    ST CHARLES BORROMEO CATHOLIC SCHOOL
    21505 AUGUSTA AVE
    PT CHARLOTTE,FL33952     		NONE PC TUITION ASSISTANCE 40,000
    ST CHARLES BORROMEO PARISH SCHOOL
    7107 WILBER AVE
    PARMA,OH44129     		NONE PC TUITION ASSISTANCE 16,000
    ST CHARLES BORROMEO PRIMARY SCHOOL
    429 W SPRUCE ST
    CHIPPEWA FALLS,WI54729     		NONE PC TUITION ASSISTANCE 16,000
    ST CHARLES BORROMEO SCHOOL
    2727 STINSON BLVD
    ST ANTHONY,MN55418     		NONE PC TUITION ASSISTANCE 12,000
    ST CHARLES BORROMEO SCHOOL
    707 EAGLE STPO BOX 130
    GENOA,WI54632     		NONE PC TUITION ASSISTANCE 12,000
    ST CHRISTOPHER SCHOOL
    1610 LAKEVIEW AVE
    ROCKY RIVER,OH44116     		NONE PC TUITION ASSISTANCE 28,000
    ST DENNIS CATHOLIC SCHOOL
    409 DEMPSEY RD
    MADISON,WI53714     		NONE PC TUITION ASSISTANCE 16,000
    ST DOMINIC CATHOLIC SCHOOL
    1474 EAST CENTER ST
    KINGSPORT,TN37664     		NONE PC TUITION ASSISTANCE 20,000
    ST DOMINIC SCHOOL
    216 SPRING ST N
    NORTHFIELD,MN55057     		NONE PC TUITION ASSISTANCE 24,000
    ST ELIZABETH SETON CATHOLIC SCHOOL
    2730 53RD TERRACE SW
    NAPLES,FL34116     		NONE PC TUITION ASSISTANCE 40,000
    ST FRANCIS DE SALES CATHOLIC SCHOOL
    300 OAK ST
    SPOONER,WI54801     		NONE PC TUITION ASSISTANCE 28,800
    ST FRANCIS DE SALES PARISH SCHOOL
    4009 MANCHESTER RD
    AKRON,OH44319     		NONE PC TUITION ASSISTANCE 32,000
    ST FRANCIS DE SALES SCHOOL
    622 S OAKWOOD AVE
    BECKLEY,WV25801     		NONE PC TUITION ASSISTANCE 24,800
    ST FRANCIS DE SALES SCHOOL
    210 LAKE ST
    MANISTIQUE,MI49854     		NONE PC TUITION ASSISTANCE 24,800
    ST FRANCIS OF ASSISI PARISH SCHOOL
    244 W WOODWORTH STPO BOX 250
    ELLSWORTH,WI54011     		NONE PC TUITION ASSISTANCE 14,400
    ST FRANCIS XAVIER CATHOLIC SCHOOL
    2055 HEITMAN ST
    FT MYERS,FL33901     		NONE PC TUITION ASSISTANCE 40,000
    ST FRANCIS XAVIER PARISH SCHOOL
    1708 E 10TH ST
    MERRILL,WI54452     		NONE PC TUITION ASSISTANCE 20,000
    ST FRANCIS XAVIER SCHOOL
    414 MICHIGAN ST
    PETOSKEY,MI49770     		NONE PC TUITION ASSISTANCE 32,000
    ST FRANCIS XAVIER SCHOOL
    219 19TH ST NW
    BUFFALO,MN55313     		NONE PC TUITION ASSISTANCE 16,000
    ST FRANCIS XAVIER SCHOOL
    2947 THINNES ST
    CROSS PLAINS,WI53528     		NONE PC TUITION ASSISTANCE 24,000
    ST FRANCIS XAVIER SCHOOL
    203 2ND ST SW
    DYERSVILLE,IA52040     		NONE PC TUITION ASSISTANCE 28,000
    ST HELENA SCHOOL
    3200 44TH ST E
    MINNEAPOLIS,MN55406     		NONE PC TUITION ASSISTANCE 24,000
    ST IGNATIUS OF LOYOLA CATHOLIC SCHOOL
    545 S THIRD ST
    ROGERS CITY,MI49779     		NONE PC TUITION ASSISTANCE 24,000
    ST JAMES CATHOLIC SCHOOL
    206 NE KIRBY ST
    MCMINNVILLE,OR97128     		NONE PC TUITION ASSISTANCE 33,600
    ST JAMES CATHOLIC SCHOOL
    1204 ST JAMES CT
    MADISON,WI53711     		NONE PC TUITION ASSISTANCE 16,000
    ST JAMES ELEMENTARY SCHOOL
    2502 11TH ST
    EAU CLAIRE,WI54703     		NONE PC TUITION ASSISTANCE 13,600
    ST JEROME SCHOOL
    384 ROSELAWN AVE E
    MAPLEWOOD,MN55117     		NONE PC TUITION ASSISTANCE 24,000
    ST JOACHIM CATHOLIC SCHOOL
    10120 CREST RD
    CADET,MO63630     		NONE PC TUITION ASSISTANCE 13,600
    ST JOHN LUTHERAN SCHOOL
    655 WAYNE AVE
    DEFIANCE,OH43512     		NONE PC TUITION ASSISTANCE 16,000
    ST JOHN LUTHERAN SCHOOL
    16035 COUNTY RD U
    NAPOLEON,OH43545     		NONE PC TUITION ASSISTANCE 12,000
    ST JOHN NEUMANN CATHOLIC SCHOOL
    625 ST JOHN CT
    KNOXVILLE,TN37934     		NONE PC TUITION ASSISTANCE 20,000
    ST JOHN PAUL II CATHOLIC ACADEMY
    2701 17TH ST
    MENOMINEE,MI49858     		NONE PC TUITION ASSISTANCE 16,000
    ST JOHN PAUL II CATHOLIC SCHOOL
    1630 4TH ST NE
    MINNEAPOLIS,MN55413     		NONE PC TUITION ASSISTANCE 16,000
    ST JOHN THE BAPTIST CATHOLIC SCHOOL
    111 WEST MAIN ST
    VERMILLION,MN55085     		NONE PC TUITION ASSISTANCE 4,000
    ST JOHN THE BAPTIST CATHOLIC SCHOOL
    215 BROADWAY ST N
    JORDAN,MN55352     		NONE PC TUITION ASSISTANCE 24,000
    ST JOHN THE BAPTIST CATHOLIC SCHOOL
    125 NORTH 4TH AVEPO BOX 66
    EDGAR,WI54426     		NONE PC TUITION ASSISTANCE 6,400
    ST JOHN THE BAPTIST PRIMARY SCHOOL
    307 NORTH WALNUT ST
    MARSHFIELD,WI54449     		NONE PC TUITION ASSISTANCE 14,400
    ST JOHN THE EVANGELIST CATHOLIC SCHOOL
    209 N WASHINGTON STPO BOX 129
    SPRING GREEN,WI53588     		NONE PC TUITION ASSISTANCE 24,000
    ST JOHN VIANNEY CATHOLIC SCHOOL
    911 S PRAIRIE AVE
    FAIRMONT,MN56031     		NONE PC TUITION ASSISTANCE 24,000
    ST JOHN'S LUTHERAN SCHOOL
    12809 ST RT 736
    MARYSVILLE,OH43040     		NONE PC TUITION ASSISTANCE 24,000
    ST JOSEPH CATHOLIC SCHOOL
    11920 LARCH ST
    STRATFORD,WI54484     		NONE PC TUITION ASSISTANCE 12,000
    ST JOSEPH CATHOLIC SCHOOL
    128 WEST HUMBIRD ST
    RICE LAKE,WI54868     		NONE PC TUITION ASSISTANCE 20,000
    ST JOSEPH CATHOLIC SCHOOL
    535 AVENUE M NW
    WINTER HAVEN,FL33881     		NONE PC TUITION ASSISTANCE 36,000
    ST JOSEPH CATHOLIC SCHOOL
    2990 26TH ST W
    BRADENTON,FL34205     		NONE PC TUITION ASSISTANCE 36,000
    ST JOSEPH CATHOLIC SCHOOL
    11822 ZELL RD
    STE GENEVIEVE,MO63670     		NONE PC TUITION ASSISTANCE 22,400
    ST JOSEPH ELEMENTARY SCHOOL
    305 E WALNUT ST
    DODGEVILLE,WI53533     		NONE PC TUITION ASSISTANCE 12,000
    ST JOSEPH GRADE SCHOOL
    910 WILSON AVE
    MENOMONIE,WI54751     		NONE PC TUITION ASSISTANCE 24,000
    ST JOSEPH PARISH SCHOOL
    281 DAKOTA ST SOUTH
    PRESCOTT,WI54021     		NONE PC TUITION ASSISTANCE 4,800
    ST JOSEPH SCHOOL
    1810 HOWARD DR
    KNOXVILLE,TN37918     		NONE PC TUITION ASSISTANCE 20,000
    ST JOSEPH SCHOOL
    13900 BISCAYNE AVE W
    ROSEMOUNT,MN55068     		NONE PC TUITION ASSISTANCE 16,000
    ST JOSEPH SCHOOL
    935 WEST HOUGHTON AVE
    WEST BRANCH,MI48661     		NONE PC TUITION ASSISTANCE 24,000
    ST JOSEPH SCHOOL
    175 ST JOSEPH DR
    AMHERST,OH44001     		NONE PC TUITION ASSISTANCE 12,000
    ST JOSEPH SCHOOL
    813 EAST PATTEN ST
    BOYD,WI54726     		NONE PC TUITION ASSISTANCE 16,000
    ST JUDE SCHOOL
    930 ASHLAND TERRACE
    CHATTANOOGA,TN37415     		NONE PC TUITION ASSISTANCE 24,000
    ST JUDE SCHOOL
    594 POPLAR ST
    ELYRIA,OH44035     		NONE PC TUITION ASSISTANCE 16,000
    ST KILIAN SCHOOL
    245 HIGH ST
    HARTFORD,WI53027     		NONE PC TUITION ASSISTANCE 16,000
    ST LUKE CATHOLIC SCHOOL
    1290 NACHREINER AVE
    PLAIN,WI53577     		NONE PC TUITION ASSISTANCE 20,000
    ST MARGARET MARY ALACOQUE SCHOOL
    4900 RINGER RD
    ST LOUIS,MO63129     		NONE PC TUITION ASSISTANCE 24,000
    ST MARK SCHOOL - NCES
    602 MILITARY RD
    ROTHSCHILD,WI54474     		NONE PC TUITION ASSISTANCE 12,000
    ST MARKS LUTHERAN SCHOOL
    5849 BUCKWHEAT RD
    MILFORD,OH45150     		NONE PC TUITION ASSISTANCE 16,000
    ST MARTHA CATHOLIC SCHOOL
    4380 FRUITVILLE RD
    SARASOTA,FL34232     		NONE PC TUITION ASSISTANCE 37,600
    ST MARY CATHEDRAL SCHOOL
    321 N OTSEGO
    GAYLORD,MI49735     		NONE PC TUITION ASSISTANCE 40,000
    ST MARY CATHOLIC ELEMENTARY SCHOOL
    119 N MAIN STPO BOX 129
    GREENWOOD,WI54437     		NONE PC TUITION ASSISTANCE 8,000
    ST MARY CATHOLIC SCHOOL
    209 S SECOND ST
    COLBY,WI54421     		NONE PC TUITION ASSISTANCE 12,000
    ST MARY OF THE ASSUMPTION SCHOOL
    8540 MENTOR AVE
    MENTOR,OH44060     		NONE PC TUITION ASSISTANCE 20,000
    ST MARY OF THE ASSUMPTION SCHOOL
    155 WEST 5TH ST
    RICHLAND CENTER,WI53581     		NONE PC TUITION ASSISTANCE 24,000
    ST MARY OF THE IMMACULATE CONCEPTION CATHOLIC SCHOOL
    315 WEST COOK ST
    PORTAGE,WI53901     		NONE PC TUITION ASSISTANCE 16,000
    ST MARY SCHOOL
    323 VERMONT AVE
    OAK RIDGE,TN37830     		NONE PC TUITION ASSISTANCE 24,000
    ST MARY SCHOOL
    1005 BRIDGE ST
    CHARLEVOIX,MI49720     		NONE PC TUITION ASSISTANCE 24,000
    ST MARY SCHOOL
    257 S WASHINGTON AVE
    NEW RICHMOND,WI54017     		NONE PC TUITION ASSISTANCE 40,000
    ST MARY SCHOOL
    303 ST MARY ST PO BOX 340
    LAKE LEELANAU,MI49653     		NONE PC TUITION ASSISTANCE 32,000
    ST MARY SCHOOL
    237 FOURTH ST
    ELYRIA,OH44035     		NONE PC TUITION ASSISTANCE 16,000
    ST MARY SCHOOL
    716 MARKET STPO BOX 102
    MARATHON,WI54448     		NONE PC TUITION ASSISTANCE 28,000
    ST MARY SCHOOL
    132 W BUTLER ST
    MANCHESTER,IA52057     		NONE PC TUITION ASSISTANCE 20,000
    ST MARY-HANNAH SCHOOL
    2912 WEST M-113
    KINGSLEY,MI49649     		NONE PC TUITION ASSISTANCE 20,000
    ST MARY'S CATHOLIC SCHOOL
    360 MAPLE ST
    SAULT STE MARIE,MI49783     		NONE PC TUITION ASSISTANCE 24,000
    ST MARY'S CATHOLIC SCHOOL
    221 E WASHINGTON AVE
    TOMAHAWK,WI54487     		NONE PC TUITION ASSISTANCE 40,000
    ST MARY'S ELEMENTARY SCHOOL
    1828 LYNN AVE
    ALTOONA,WI54720     		NONE PC TUITION ASSISTANCE 12,000
    ST MARY'S SCHOOL
    1665 US HIGHWAY 45 BYPASS
    JACKSON,TN38305     		NONE PC TUITION ASSISTANCE 40,000
    ST MARY'S SCHOOL
    2211 EAST LAKEVIEW DR
    JOHNSON CITY,TN37601     		NONE PC TUITION ASSISTANCE 28,000
    ST MATTHEW PARISH SCHOOL
    1555 GLEN ELLYN RD
    GLENDALE HTS,IL60139     		NONE PC TUITION ASSISTANCE 22,400
    ST MAXIMILIAN KOLBE CATHOLIC SCHOOL
    PO BOX 470 / 235 SO 2ND ST
    DELANO,MN55328     		NONE PC TUITION ASSISTANCE 14,400
    ST MICHAEL SCHOOL
    6906 CHESTNUT RD
    INDEPENDENCE,OH44131     		NONE PC TUITION ASSISTANCE 24,000
    ST PASCAL BAYLON SCHOOL
    1757 CONWAY ST
    ST PAUL,MN55106     		NONE PC TUITION ASSISTANCE 24,000
    ST PATRICK SCHOOL
    1500 VINE ST
    HUDSON,WI54016     		NONE PC TUITION ASSISTANCE 40,000
    ST PATRICK SCHOOL
    100 SOUTH L ST
    SPARTA,WI54656     		NONE PC TUITION ASSISTANCE 16,000
    ST PATRICK SCHOOL
    175 SAINT PATRICK ST
    MCEWEN,TN37101     		NONE PC TUITION ASSISTANCE 32,000
    ST PATRICK SCHOOL
    325 MANSION ST
    MAUSTON,WI53948     		NONE PC TUITION ASSISTANCE 20,000
    ST PATRICK'S ELEMENTARY SCHOOL
    127 11TH AVE N
    ONALASKA,WI54650     		NONE PC TUITION ASSISTANCE 12,800
    ST PAUL CATHOLIC SCHOOL
    1425 E SHELBY DR SUITE 1
    MEMPHIS,TN38116     		NONE PC TUITION ASSISTANCE 40,000
    ST PAUL LUTHERAN SCHOOL
    27981 DETROIT RD
    WESTLAKE,OH44145     		NONE PC TUITION ASSISTANCE 28,000
    ST PAUL LUTHERAN SCHOOL
    1075 GLENWOOD AVE
    NAPOLEON,OH43545     		NONE PC TUITION ASSISTANCE 20,000
    ST PAUL THE APOSTLE CATHOLIC SCHOOL
    1007 E RUSHOLME ST
    DAVENPORT,IA52803     		NONE PC TUITION ASSISTANCE 24,000
    ST PAUL'S CATHOLIC SCHOOL
    1210 MAIN ST
    BLOOMER,WI54724     		NONE PC TUITION ASSISTANCE 36,000
    ST PAUL'S CATHOLIC SCHOOL
    1320 SUNSHINE AVE
    LEESBURG,FL34748     		NONE PC TUITION ASSISTANCE 40,000
    ST PETER CATHOLIC SCHOOL
    7129 COUNTY RD K
    MIDDLETON,WI53562     		NONE PC TUITION ASSISTANCE 16,000
    ST PETER CATHOLIC SCHOOL
    2620 MARGARET ST N
    NORTH SAINT PAUL,MN55109     		NONE PC TUITION ASSISTANCE 28,000
    ST PETER CLAVER SCHOOL
    1060 CENTRAL AVE W
    ST PAUL,MN55104     		NONE PC TUITION ASSISTANCE 16,000
    ST PETER SCHOOL - TILDEN
    11370 CTY HWY Q
    CHIPPEWA FALLS,WI54729     		NONE PC TUITION ASSISTANCE 9,600
    ST RAPHAEL SCHOOL
    7301 BASS LAKE RD
    CRYSTAL,MN55428     		NONE PC TUITION ASSISTANCE 28,000
    ST RAPHAEL SCHOOL
    525 DOVER CENTER RD
    BAY VILLAGE,OH44140     		NONE PC TUITION ASSISTANCE 24,000
    ST RITA PARISH SCHOOL
    32820 BALDWIN RD
    SOLON,OH44139     		NONE PC TUITION ASSISTANCE 20,000
    ST ROSE OF LIMA SCHOOL
    2072 N HAMLINE AVE
    ROSEVILLE,MN55113     		NONE PC TUITION ASSISTANCE 16,000
    ST ROSE OF LIMA SCHOOL
    218 JACKSON ST
    CUBA CITY,WI53807     		NONE PC TUITION ASSISTANCE 16,000
    ST ROSE ST MARY'S SCHOOL
    140 AUTO ST
    CLINTONVILLE,WI54929     		NONE PC TUITION ASSISTANCE 12,000
    ST STEPHEN SCHOOL
    1335 CLARK ST
    STEVENS POINT,WI54481     		NONE PC TUITION ASSISTANCE 16,000
    ST TIMOTHY'S CATHOLIC SCHOOL
    215 DIVISION ST E
    MAPLE LAKE,MN55358     		NONE PC TUITION ASSISTANCE 24,000
    ST VICTOR CATHOLIC SCHOOL
    1416 20TH AVE
    MONROE,WI53566     		NONE PC TUITION ASSISTANCE 16,000
    ST VINCENT DE PAUL SCHOOL
    831 12TH ST S
    WISCONSIN RAPIDS,WI54494     		NONE PC TUITION ASSISTANCE 16,000
    THE BRIDGE AVENUE SCHOOL
    3389 FULTON RD
    CLEVELAND,OH44109     		NONE PC TUITION ASSISTANCE 8,000
    THORP CATHOLIC SCHOOL
    411 E SCHOOL ST
    THORP,WI54771     		NONE PC TUITION ASSISTANCE 12,000
    TRANSFIGURATION CATHOLIC SCHOOL
    6133 15TH ST N
    OAKDALE,MN55128     		NONE PC TUITION ASSISTANCE 16,000
    TRINITY LUTHERAN SCHOOL
    4560 GLENDALE AVE
    TOLEDO,OH43614     		NONE PC TUITION ASSISTANCE 24,000
    TRINITY LUTHERAN SCHOOL
    4900 MCCAIN RD
    JACKSON,MI49201     		NONE PC TUITION ASSISTANCE 12,000
    VALLE CATHOLIC SCHOOLS
    20 NORTH 4TH ST
    STE GENEVIEVE,MO63670     		NONE PC TUITION ASSISTANCE 36,000
    WATERTOWN CATHOLIC SCHOOL
    300 E CADY ST
    WATERTOWN,WI53094     		NONE PC TUITION ASSISTANCE 16,000
    WAUWATOSA CATHOLIC SCHOOL
    1500 N WAUWATOSA AVE
    WAUWATOSA,WI53213     		NONE PC TUITION ASSISTANCE 24,000
    Total .................................bullet 3a 5,106,400
    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 16,432  
    4 Dividends and interest from securities....     14 1,645,656  
    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    
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 991,972  
    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 2,654,060 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,654,060
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    TWO EAGLES FOUNDATION INC
     
    Employer identification number

    83-0399899
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    TWO EAGLES FOUNDATION INC
          		Employer identification number
    83-0399899
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    DAVID C ORLOWSKI
    C/O MIKE ORLOWSKI 1917 ROBINSON ROA
     
    TOMAHAWK, WI54487

    		$ 398,121


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    DAVID C ORLOWSKI
    C/O MIKE ORLOWSKI 1917 ROBINSON ROA
     
    TOMAHAWK, WI54487

    		$ 231,726


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    TWO EAGLES FOUNDATION INC
          		Employer identification number

    83-0399899
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 1,292 SH FLOWSERVE - $45,718.3,540 SH NEXTERA ENERGY - $259,163.1,000 SH PAYCHEX -$93,240. $ 398,121 2020-12-08
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 2,100 SH COMCAST - $108,685500 SH UNION PACIFIC - $123,041 $ 231,726 2020-12-09
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    TWO EAGLES FOUNDATION INC
          		Employer identification number

    83-0399899
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING/TAX PREP - RSM US LLP 38,165 19,594   18,571

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AFFILIATED MANAGERS GROUP 3.500% 153,329 166,746
    AFFILIATED MANAGERS GROUP 4.750% 1,752 1,740
    AFFILIATED MANAGERS GROUP 5.875% 2,956 3,302
    AFLAC 100,523 111,422
    ALGONQUIN POWER & UTILITIES 6.200% (SERIES A) 1,383 1,688
    ALGONQUIN POWER & UTILITIES 6.875% (SERIES A) 1,390 1,664
    ALLSTATE CORP 5.100% FIXED TO 01/2023 THEN FLOATS THEREAFTER 1,458 1,709
    AMERICAN EXPRESS CREDIT CORP MT 97,575 114,094
    AMERICAN FINANCIAL GROUP 5.875% 1,401 1,697
    AMERICAN WATER CAP 2.950% 98,415 110,565
    AMERICAN WATER CAP 3.400% 98,618 110,621
    AMGEN 24,964 25,723
    APPLE 50,674 52,507
    AT&T 4.125% 26,112 28,932
    AT&T 5.350% 4,813 5,110
    AT&T 5.625% 1,515 1,688
    AVALONBAY COMMUNITIES 99,418 111,313
    BALTIMORE GAS & ELECTRIC 72,144 81,150
    BANK NEW YORK MELLON 100,597 114,290
    BECTON DICKINSON AND CO 124,274 132,306
    BERKSHIRE HATHAWAY ENERGY 100,197 114,315
    BLACKROCK 3.200% 151,340 169,196
    BLACKROCK 3.375% 50,945 52,169
    BMW US CAPITAL 196,342 200,604
    BRIGHTHOUSE FINANCIAL 49,586 54,376
    CAPITAL ONE FINANCIAL 30,767 30,700
    CARDINAL HEALTH 148,737 155,489
    CATERPILLAR 49,783 51,401
    CELGENE 99,191 103,734
    CHEVRON 300,663 307,016
    CMS ENERGY 5.625% 1,520 1,738
    COMCAST 99,181 111,574
    COMMONWEALTH EDISON CO 98,238 108,581
    CVS HEALTH 3.500% 100,446 104,387
    DIRECTV HOLDINGS/DIRECTTV FINANCING 51,255 53,132
    DOMINION ENERGY 5.250% 11,376 11,807
    DR PEPPER SNAPPLE GROUP 96,361 103,450
    DTE ENERGY 4.375% (SERIES G) 1,746 1,791
    DTE ENERGY 5.250% (SERIES E) 3,055 3,318
    DTE ENERGY CO JR DEB 5.375% 3,130 3,310
    DUKE ENERGY 3.200% 97,631 111,630
    DUKE ENERGY 5.625% 1,518 1,697
    EATON VANCE 99,640 112,289
    EBAY 49,819 51,463
    ENBRIDGE 6.375% (SERIES B) 2,765 3,336
    ENTERGY ARKANSAS 4.875% 3,218 3,370
    ENTERGY LOUISIANA 4.875% 1,566 1,720
    ENTERGY MISSISSIPPI 4.900% 3,236 3,392
    ENTERGY NEW ORLEANS 5.500% 1,042 1,073
    EXELON 98,858 100,392
    EXXON MOBIL 85,213 94,178
    FEDERAL HOME LOAN BANKS 25,353 27,417
    FIAT CHRYSLER AUTOMOBILES 49,931 53,625
    FLORIDA POWER 100,086 101,008
    GATX 5.625% 1,520 1,697
    GENERAL MOTORS 99,978 100,115
    GEORGIA POWER 99,298 103,330
    GEORGIA POWER 5.000% (SERIES A) 1,508 1,713
    GILEAD SCIENCES 50,466 50,000
    GOLDMAN SACHS GROUP 2.625% 97,900 100,520
    GS 5.500% CONTINGENT CALLABLE SPX 50,000 50,797
    GULF POWER CO 101,181 112,663
    HARTFORD FINANCIAL SERVICE GROUP 7.875% TO 4/15/22 FLOATS AFTER 3,221 3,313
    HEWLETT PACKARD ENTERPRISE CO 50,962 58,498
    HOME DEPOT 51,466 54,827
    HSBC HOLDINGS 51,509 50,608
    INTEL 97,861 109,129
    INTERNATIONAL BUSINESS MACHINES 152,574 169,247
    JOHNSON & JOHNSON 97,202 100,094
    JPMORGAN CHASE & CO 203,878 221,133
    KIMBERLY-CLARK 201,261 223,157
    LAS VEGAS SANDS 51,045 53,505
    LOCKHEED MARTIN 54,082 55,135
    LOEWS 99,413 104,690
    MASTERCARD 2.950% 97,039 111,772
    MASTERCARD 3.375% 25,224 27,394
    METLIFE 99,894 109,908
    MICROSOFT 98,692 107,415
    MORGAN STANLEY 3.875% 100,255 114,707
    NATIONAL RURAL UTILITY COOP 5.500% 1,537 1,757
    NEXTERA ENERGY CAPITAL HOLDINGS 5.250% (SERIES K) 5,326 5,523
    NEXTERA ENERGY CAPITAL HOLDINGS 5.650% (SERIES N) 1,520 1,676
    ORACLE 100,056 103,944
    PEPSICO 50,219 50,920
    PFIZER 99,489 110,499
    PRUDENTIAL FINANCIAL 4.125% 1,633 1,695
    PRUDENTIAL FINANCIAL 5.625% 1,482 1,711
    QUALCOMM 199,738 222,693
    SIERRA PAC POWER CO 99,858 106,850
    STIFEL FINANCIAL 5.200% 1,305 1,628
    SYSCO 98,135 100,995
    TD AMERITRADE HOLDING 152,813 168,074
    THE SOUTHERN CO 5.250% (SERIES 2017B) 1,510 1,693
    THE SOUTHERN CO 5.250% (SERIES A) 3,152 3,384
    UNITEDHEALTH GROUP 101,788 118,897
    W R BERKLEY 5.100% 1,780 1,777
    W R BERKLEY 5.750% 4,739 5,000
    WALMART 101,724 117,785
    WALT DISNEY COMPANY 99,869 101,525
    WELLS FARGO & CO 100,000 99,761

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M 334,621 449,210
    AAC TECHNOLOGIES HOLDING 5,304 4,565
    ABB 6,277 8,668
    ABBOTT LABORATORIES 66,268 111,899
    ABBVIE 618,856 754,336
    ABCAM 11,652 14,568
    ABM INDUSTRIES 5,274 5,260
    ACCENTURE 39,275 69,221
    ACTIVISION BLIZZARD 1,107 1,764
    ADIDAS 13,191 15,920
    ADOBE 94,981 181,544
    ADOBE SYSTEMS 421,601 1,125,270
    ADVANCED AUTO PARTS 5,887 6,458
    ADVANCED ENERGY INDUSTRIES 5,186 9,794
    ADVANCED MICRO DEVICES 1,091 2,384
    ADYEN 40,270 65,981
    AGILENT TECHNOLOGIES 1,712 1,777
    AIA GROUP 17,244 22,747
    AIR LEASE 1,721 1,821
    AIR LIQUIDE 6,452 6,940
    AIR PRODUCTS & CHEMICALS 347,732 362,290
    AIRBUS 8,003 9,152
    AKAMAI TECHNOLOGIES 15,572 16,798
    ALABAMA POWER (SERIES A PREFERRED) 2,968 3,102
    ALBANY INTERNATIONAL 11,668 13,509
    ALCON 31,434 35,893
    ALEXANDRIA REAL ESTATE EQ 8,246 10,515
    ALGONQUIN POWER & UTILITIES 3,900 5,168
    ALIBABI GROUP HOLDINGS 531,936 418,914
    ALIGN TECHNOLOGY 9,992 22,978
    ALLEGION PUB 22,738 31,888
    ALLSTATE (SERIES G PREFERRED) 4,806 5,021
    ALLSTATE (SERIES H PREFERRED) 32,807 34,711
    ALPHABET (CLASS A) 456,590 1,198,806
    ALPHABET (CLASS C) 350,018 805,865
    ALSTOM 4,892 5,485
    ALTRA INDL MOTION 8,880 13,747
    ALTRIA GROUP 34,138 30,299
    AMADEUS IT GROUP 12,926 14,502
    AMAZON.COM 406,680 1,377,681
    AMERICA MOVIL 16,827 16,779
    AMERICAN EXPRESS 8,989 11,970
    AMERICAN INTERNATIONAL GROUP (SERIES A PREFERRED) 6,213 6,848
    AMERICAN ST WATER CO HOLDING 5,320 5,168
    AMERICAN TOWER 485,519 797,057
    AMERICAN TOWER REIT 53,036 59,706
    AMERICOLD REALTY TRUST 5,220 6,122
    AMERIPRISE FINANCIAL 27,640 42,947
    AMERISOURCEBERGEN 6,206 6,648
    AMETEK 12,855 23,100
    AMGEN 562,214 674,355
    AMPHENOL 36,034 53,485
    ANALOG DEVICES 14,055 19,796
    ANGLO AMERN 3,830 6,938
    ANHEUSER BUSCH INBEV 1,278 2,097
    ANHUI CONCH CEMENT 8,242 8,396
    ANSYS 21,761 49,113
    ANTHEM 78,790 160,545
    AON 27,588 32,747
    APPLE 306,790 2,957,395
    APTIV 21,153 32,963
    ARAMARK HOLDINGS 35,793 43,559
    ARCH CAPITAL GROUP 10,307 11,687
    ARCH CAPITAL GROUP (PREFERRED) 7,549 8,022
    ARCH CAPITAL GROUP (SERIES F PREFERRED) 2,936 3,286
    ARCHROCK 4,793 6,798
    ARTHUR J GALLAGHER 4,240 7,299
    ASAHI KAISEI 1,486 2,043
    ASM PACIFIC 8,072 9,902
    ASML HOLDING 17,736 30,726
    ASSA ABLOY 1,384 1,673
    ASSOCIATED BANC 381,851 392,150
    ASSOCIATED BANC (PREFERRED) 3,147 3,349
    ASSOCIATED BANC (SERIES E PREFERRED) 1,438 1,663
    ASSOCIATED BANC (SERIES F PREFERRED) 1,521 1,715
    ASSOCIATED BRITISH FOODS 1,396 1,988
    ASTRAZENECA 55,915 101,630
    AT&T 80,793 71,900
    AT&T (SERIES A PREFERRED) 1,408 1,656
    AT&T (SERIES BB PREFERRED) 26,009 27,500
    AT&T (SERIES C PREFERRED) 4,617 5,084
    ATLAS COPCO 7,227 7,049
    ATLASSIAN 24,498 32,040
    AUDIOCODES 5,341 4,105
    AUTODESK 52,727 99,236
    AUTOMATIC DATA PROCESSING 45,269 59,732
    AVALONBAY COMMUNITIES 5,686 5,134
    AXALTA COATING SYSTEMS 32,558 39,542
    BADGER METER 4,984 8,559
    BAIDU 7,299 13,407
    BALL 8,357 20,872
    BANCO DO BRASIL 13,591 9,525
    BANCO SANTANDER 3,953 5,334
    BANK OF AMERICA 16,380 18,247
    BANK OF AMERICA (SERIES CC PREFERRED) 4,941 4,848
    BANK OF AMERICA (SERIES EE PREFERRED) 1,398 1,419
    BANK OF AMERICA (SERIES HH PREFERRED) 1,533 1,653
    BANK OF AMERICA (SERIES KK PREFERRED) 4,786 4,998
    BANK OF AMERICA (SERIES LL PREFERRED) 4,681 5,047
    BANK OF AMERICA (SERIES NN PREFERRED) 1,680 1,779
    BANK OZK 4,059 6,973
    BB SEGURIDADE PARTICIPACOES 6,277 6,410
    BCS 10% CONTINGENT AUTOCALL ANTM 50,000 48,400
    BCS CONTINGENT 8.5% AUTOCALL ON MET 25,000 24,225
    BCS CONTINGENT 9.0% AUTOCALL ON BIIB 25,000 16,500
    BECTON DICKINSON & CO 42,370 57,050
    BEIERSDORF 6,978 7,058
    BEIGENE 969 1,809
    BERKLEY W R 31,687 34,605
    BERKSHIRE HATHAWAY 74,014 86,024
    BEST BUY 8,176 8,482
    BHP GROUP LTD 4,963 6,665
    BIDVEST GROUP 5,445 6,138
    BIO RAD LABORATORIES 17,106 19,237
    BLACK KNIGHT 44,059 52,215
    BLACKROCK 537,316 975,522
    BNP PARIBAS 4,817 5,082
    BOOKING HOLDINGS 33,116 42,318
    BOOZ ALLEN HAMILTON HOLDING 13,251 16,564
    BOSTON PROPERTIES 2,250 1,796
    BOSTON SCIENTIFIC 1,512 1,762
    BRIGHT HORIZONS FAMILY SOLUTIONS 2,930 3,806
    BRISTOL MYERS SQUIBB 440,246 637,110
    BRISTOL MYERS SQUIBB (RIGHTS) 8,456 2,740
    BRITISH AMERICAN TOBACCO 1,594 1,800
    BROADCOM 28,157 43,347
    BROADRIDGE FINANCIAL SOLUTIONS 3,530 5,515
    BROOKFIELD ASSET MANAGEMENT 89,469 116,546
    BROOKFIELD INFRASTURE 5,605 10,483
    BROOKFIELD PROPERTY REIT 1,939 2,092
    BROOKFIELD RENEWABLE 1,517 2,622
    BROWN & BROWN 6,634 10,430
    BROWN FORMAN 3,318 4,766
    BRUNSWICK 5,993 7,929
    BURBERRY GROUP 8,055 8,498
    BURLINGTON STORES 10,597 19,093
    BWX TECHNOLOGIES 5,222 6,390
    CABLE ONE 6,383 8,911
    CABOT 9,361 9,649
    CABOT OIL & GAS 25,785 23,264
    CALAVO GROWERS 4,993 5,832
    CANADIAN NATIONAL RAILWAY 3,377 4,943
    CANNAE HOLDINGS 1,594 1,948
    CAPITAL ONE FINANCIAL 19,484 25,602
    CAPITAL ONE FINANCIAL (SERIES G PREFERRED) 1,298 1,671
    CAPITAL ONE FINANCIAL (SERIES H PREFERRED) 1,099 1,322
    CAPITAL ONE FINANCIAL (SERIES I PREFERRED) 5,984 6,780
    CAPITAL ONE FINANCIAL (SERIES J PREFERRED) 1,207 1,768
    CARLSBERG 5,361 7,486
    CARMAX 17,638 28,716
    CARRIER GLOBAL 413,374 605,972
    CARVANA 5,148 7,665
    CASELLA WASTE SYSTEMS 12,066 20,443
    CASEY'S GENERAL STORES 4,705 6,073
    CATALENT 11,278 25,393
    CBRE GROUP 11,385 14,865
    CDW 81,764 93,307
    CELLNEX TELECOM 4,971 5,114
    CENTERPOINT ENERGY 289,395 216,400
    CERNER 32,269 34,924
    CHARLES RIVER LABS INTL 98,287 168,406
    CHARLES SCHWAB 70,734 83,485
    CHARLES SCHWAB (SERIES D PREFERRED) 3,283 3,359
    CHARTER COMMUNICATIONS 21,323 33,078
    CHEMED 5,681 7,457
    CHEVRON 76,209 56,244
    CHEWY 5,254 8,899
    CHINA CONSTRUCTION BANK 11,146 10,935
    CHINA MERCHANTS BANK 8,989 11,947
    CHINA MOBILE 4,856 3,567
    CHINA SHENHUA ENERGY 7,460 7,059
    CHIPOTLE MEXICAN GRILL 14,472 22,187
    CHUBB 20,460 24,473
    CHURCH & DWIGHT CO 12,569 16,923
    CIENA 15,854 20,030
    CINCINNATI FINANICAL 28,895 34,424
    CINTAS 12,400 21,915
    CISCO SYSTEMS 688,774 740,791
    CITI 9.5% CONTINGENT AUTOCALL T 50,000 38,100
    CITIGROUP 3,461 3,576
    CITIGROUP (SERIES J PREFERRED) 4,712 4,920
    CITIGROUP (SERIES K PREFERRED) 9,543 10,106
    CITIGROUP (SERIES S PREFERRED) 1,636 1,661
    CITIZENS FINANCIAL GROUP (SERIES D PREFERRED) 4,610 5,134
    CITIZENS FINANCIAL GROUP (SERIES E PREFERRED) 7,684 8,554
    CITRIX SYSTEMS 643,464 585,450
    CMC MATERIALS 19,758 25,872
    CME GROUP 411,193 740,579
    CMS ENERGY 6,192 7,199
    CNOOC 5,267 3,666
    COCA COLA 163,928 198,740
    COGENT 6,898 6,167
    COGNEX 5,843 9,554
    COHEN & STEERS 4,352 7,133
    COHERENT 7,913 8,551
    COLFAX 2,741 3,365
    COLGATE-PALMOLIVE 4,119 5,216
    COMCAST 194,967 283,432
    COMMERCE BANCSHARES 10,894 13,600
    COMMERCIAL INTERNATIONAL BANK 4,118 4,727
    CONAGRA BRANDS 517,976 580,160
    CONMED 11,952 15,456
    CONOCOPHILLIPS 14,211 12,237
    CONTINENTAL 3,126 4,264
    COOPER CO 57,348 72,301
    COPART 24,909 49,373
    CORE LABORATORIES 4,350 3,022
    CORE MARK HOLDING 6,358 6,696
    CORNING 359,822 486,000
    CORPORATE OFFICES PPTY TR 11,618 10,875
    CORTEVA 16,790 25,362
    COSTAR GROUP 12,682 17,561
    COSTCO WHOLESALE 37,355 130,743
    COUPA SOFTWARE 2,204 6,778
    CRACKER BARREL OLD COUNTRY STORE 10,491 12,532
    CREDIT ACCEPTANCE 8,253 10,038
    CRISPR THERAPEUTICS 1,623 2,756
    CROWDSTRIKE HOLDINGS 2,779 9,108
    CROWN CASTLE INTERNATIONAL 76,368 117,005
    CULLEN FROST BANKERS 15,717 14,306
    CULLEN FROST BANKERS (SERIES B PREFERRED) 1,735 1,758
    CVS HEALTH 599,015 630,887
    DAIWA HOUSE INDUSTRY 5,285 5,196
    DANAHER 40,385 77,971
    DARLING INGREDIENTS 10,317 29,359
    DASSAULT SYSTEMS 12,508 13,442
    DBS GROUP HOLDINGS 3,345 5,019
    DEERE & CO 6,110 10,762
    DENTSPLY SIRONA 27,982 29,112
    DEXCOM 2,578 5,546
    DIAGEO 156,362 188,825
    DIAMONDBACK ENERGY 3,519 3,824
    DIGITAL REALTY TRUST (SERIES J PREFERRED) 1,481 1,623
    DIGITAL REALTY TRUST (SERIES K PREFERRED) 1,448 1,622
    DIGITAL REALTY TRUST (SERIES L PREFERRED) 3,065 3,303
    DIODES 14,264 22,842
    DMC GLOBAL 6,776 6,055
    DNB ASA 1,301 2,373
    DOLLAR GENERAL 11,700 27,129
    DOMINION ENERGY 28,758 28,576
    DOMINOS PIZZA 11,520 16,105
    DOVER 11,666 16,539
    DSV PANALPINA 1,186 2,185
    DUKE ENERGY (SERIES A PREFERRED) 30,282 30,233
    DUNN & BRADSTREET 34,650 32,619
    EAST WEST BANCORP 14,230 14,706
    EATON 24,012 31,116
    EATON VANCE 1,929 3,600
    EBAY (PREFERRED) 35,489 35,520
    ECOLAB 154,790 190,180
    EDP ENERGIAS DE PORTGUAL 8,511 12,143
    EDWARD LIFESCIENCES 75,213 91,321
    ELANCO ANIMAL HEALTH 14,857 19,782
    ELASTIC 4,840 10,521
    ELECTRONIC ARTS 7,258 10,626
    ELI LILLY & CO 32,582 47,444
    EMERGENT BIOSOLUTIONS 7,297 11,558
    EMERSON ELECTRIC 17,651 24,111
    ENCOMPASS HEALTH 6,200 7,938
    ENEL SOCIETA PER AZIONI 7,563 9,094
    ENERSYS 11,457 14,120
    ENGIE 9,492 10,817
    ENGIE BRASIL ENERGIA 4,929 4,812
    ENN ENERGY HOLDINGS 2,932 5,770
    ENTEGRIS 15,849 33,923
    ENTERGY 5,228 4,792
    ENTERPRISE FINANCIAL SERVICES 7,461 6,536
    EOG RESOURCES 4,644 4,638
    EQUIFAX 1,202 1,928
    EQUINIX 5,653 9,284
    EQUINOR 3,635 3,744
    EQUITY LIFESTYLE PROPERTIES 9,204 10,644
    ERSTE GROUP BANK 5,154 4,563
    ESTEE LAUDER COMPANIES 389,208 695,288
    ETSY 8,739 35,582
    EVERSOURCE ENERGY 4,363 5,104
    EXPERIAN GROUP 15,872 15,943
    EXPONENT 4,037 5,402
    FACEBOOK 787,885 1,258,994
    FACTSET RESEARCH SYSTEMS 6,250 7,647
    FANUC 8,452 11,999
    FARFETCH 9,704 10,656
    FASTENAL 210,652 380,679
    FEDEX 94,988 441,354
    FERGUSON 3,535 6,091
    FERRARI 17,320 21,575
    FIDELITY NATIONAL FINANCIAL 8,796 10,437
    FIDELITY NATIONAL INFORMATION 38,231 44,843
    FIFTH THIRD BANCORP (SERIES I PREFERRED) 1,415 1,660
    FIFTH THIRD BANCORP (SERIES K PREFERRED) 7,378 8,344
    FIRST HORIZON NATIONAL 426,036 344,520
    FIRST MERCHANTS 9,085 10,288
    FIRST REPUBLIC BANK 17,394 25,419
    FIRST REPUBLIC BANK (SERIES H PREFERRED) 1,436 1,673
    FIRST REPUBLIC BANK (SERIES J PREFERRED) 3,096 3,338
    FIRST REPUBLIC BANK (SERIES K PREFERRED) 1,632 1,692
    FIRST REPUBLIC BANK SAN FRANCISCO (SERIES I PREFERRED) 1,506 1,661
    FIRSTCASH 15,300 13,097
    FISERV 44,812 60,346
    FLIR SYSTEMS 9,596 9,643
    FLOOR & DECOR HOLDINGS 17,690 17,084
    FLUGHAFEN ZUERICH 1,298 2,074
    FORD MOTOR 76,050 87,900
    FORMFACTOR 8,311 21,897
    FORTINET 14,234 19,754
    FRANKLIN ELECTRIC 12,159 16,956
    FRANKLIN RESOURCES 14,867 11,895
    FUJITSU 3,484 3,736
    GALP ENERGIA SA LISBOA 6,327 5,502
    GARTNER 25,254 32,519
    GATX 9,851 11,645
    GENERAC HOLDINGS 6,955 30,018
    GENERAL DYNAMICS 26,447 25,151
    GENERAL MILLS 490,331 529,200
    GIVAUDAN 21,763 24,440
    GLOBAL PAYMENT 34,178 59,671
    GLOBE LIFE 4,898 5,508
    GODADDY 34,715 34,922
    GOLDMAN SACHS GROUP 1,421 2,373
    GOLDMAN SACHS GROUP (SERIES D PREFERRED) 5,920 6,790
    GOLDMAN SACHS GROUP (SERIES J PREFERRED) 9,422 9,975
    GOLDMAN SACHS GROUP (SERIES K PREFERRED) 6,374 6,721
    GRUPO FINANCIERO BANORTE 5,468 5,666
    GS 10% CONTINGENT AUTOCALL GM 50,000 49,750
    GS 10.25% CONTINGENT AUTOCALL BAC 50,000 44,750
    GUARDANT HEALTH 1,106 1,933
    GUIDWIRE SOFTWARE 9,199 12,101
    HARTFORD FINANCIAL SERVICES GROUP 6,700 6,955
    HASBRO 6,747 7,015
    HEARTLAND FINANCIAL USA 6,727 6,217
    HEICO 6,927 9,599
    HENGAN INTERNATIONAL GROUP 10,330 10,952
    HERMES INTERNATIONAL 6,433 7,244
    HEXAGON AB 3,552 5,439
    HEXCEL 16,187 13,189
    HILTON WORLDWIDE HOLDINGS 27,988 39,052
    HITACHI 10 6,908 7,067
    HOME BANCSHARES 5,097 7,441
    HOME DEPOT 339,323 803,235
    HONEYWELL INTERNATIONAL 84,563 146,338
    HONG KONG EXCHANGES & CLEARING 1,242 2,244
    HORACE MANN EDUCATORS 6,781 7,735
    HORIZON THERAPEUTICS PUB 14,520 21,726
    HOULIHAN LOKEY 12,941 17,547
    HOWARD HUGHES 8,018 6,709
    HOYA 6,176 10,409
    HUMANA 6,677 6,975
    HUNTINGTON INGALLS INDUSTRIES 23,831 24,720
    HYATT HOTELS 4,767 4,900
    ICICI BANK 1,323 2,363
    ICON 8,555 11,699
    IDEX 14,129 18,924
    IDEXX LABS 9,971 22,994
    IHS MARKIT 39,087 48,149
    ILLINOIS TOOL WORKS 55,375 66,465
    ILLUMINA 14,579 17,020
    INCYTE 1,538 1,740
    INDUSTRIA DE DISENO TEXTIL IND 9,457 10,201
    INFORMA 3,535 3,457
    INFOSYS 13,270 23,510
    INNOVATIVE INDUSTRIAL PPTYS 4,469 7,508
    INSULET 1,216 1,789
    INTEL 65,163 76,972
    INTERCONTINENTAL EXCHANGE 400,240 765,410
    INTERCONTINENTAL HOTELS GROUP 1,310 1,954
    INTERNATIONAL BUSINESS MACHINES 7,977 7,175
    INTERNATIONAL FLAVORS & FRAGRANCES 22,407 18,938
    INTERTEK GROUP 3,404 3,519
    INTUIT 28,566 41,784
    INTUITIVE SURGICAL 27,676 33,542
    INVESCO 352,439 400,890
    IQVIA HOLDINGS 148,545 239,192
    J M SMUCKER COMPANY 408,165 416,160
    J&J SNACK FOODS 5,945 7,302
    JACK HENRY & ASSOC 6,130 6,156
    JANUS HENDERSON GROUP 201,066 227,570
    JOHNSON & JOHNSON 481,133 860,082
    JOHNSON CONTROLS INTERNATIONAL 13,628 19,148
    JPMORGAN CHASE & CO 357,489 600,025
    JPMORGAN CHASE & CO (SERIES AA PREFERRED) 1,633 1,674
    JPMORGAN CHASE & CO (SERIES BB PREFERRED) 1,611 1,659
    JPMORGAN CHASE & CO (SERIES DD PREFERRED) 50,000 56,200
    JPMORGAN CHASE & CO (SERIES EE PREFERRED) 1,545 1,680
    JPMORGAN CHASE & CO (SERIES P PREFERRED) 6,328 6,789
    JUST EAT TAKEAWAY 9,876 10,897
    KAO 13,660 13,942
    KASIKORNBANK PUB 5,680 4,716
    KB FINANCIAL GROUP 10,343 11,444
    KB HOME 3,464 3,251
    KBC GROUP 5,436 6,106
    KENNEDY-WILSON HOLDINGS 8,188 9,553
    KERING 15,350 18,330
    KEYCORP (SERIES E PREFERRED) 4,709 4,888
    KEYCORP (SERIES F PREFERRED) 1,400 1,667
    KEYCORP (SERIES G PREFERRED) 1,429 1,673
    KEYSITE TECHNOLOGIES 13,004 21,134
    KIMBERLY CLARK 758,654 910,177
    KIMCO REALTY (PREFERRED) 4,647 4,939
    KINDER MORGAN 332,409 273,400
    KKR & CO 19,192 30,044
    KNORR BREMSE 4,392 5,369
    KOMATSU 1,583 1,910
    KOSE 1,647 2,212
    L OREAL 25,439 30,993
    LAMB WESTON HOLDINGS 20,690 25,827
    LANDSTAR SYSTEM 3,762 5,117
    LEGRAND 8,207 10,626
    LEMAITRE VASCULAR 1,809 1,904
    LENNAR 22,399 34,990
    LIBERTY BROADBAND A 3,007 4,885
    LIBERTY BROADBAND C 14,739 22,013
    LIBERTY MEDIA A 1,367 1,824
    LIBERTY MEDIA C 5,113 6,944
    LIBERTY MEDIA C SER A SIRIUSXM 1,764 2,030
    LIBERTY MEDIA C SER C SIRIUSXM 4,953 5,743
    LIFE HEALTHCARE GROUP HOLDINGS 4,719 5,171
    LINDE 126,036 165,221
    LITTELFUSE 14,983 23,683
    LIVE NATION ENTERTAINMENT 7,671 11,536
    LOCKHEED MARTIN 651,508 751,138
    LONDON STOCK EXCHANGE GROUP 18,379 26,321
    LONZA GROUP 2,595 5,126
    LOWES COMPANIES 56,401 75,761
    LULULEMON ATHLETICA 21,462 27,494
    LUMINEX 7,086 5,318
    LVMH MOET HENNESSY LIOUS VUITT 36,639 48,769
    LYONDELLBASELL INDUSTRIES 181,216 188,728
    M&T BANK 2,789 2,291
    MAKITA 4,660 6,493
    MANTECH INTERNATIONAL 16,667 22,413
    MARKEL 71,620 75,431
    MARKETAXESS HOLDINGS 4,638 7,417
    MARSH & MCLENNAN COS 26,453 35,451
    MARTIN MARIETTA MATERIALS 41,496 56,226
    MASCO 17,598 17,578
    MASTERCARD 190,420 538,266
    MATCH GROUP 13,685 17,689
    MAXIMUS 4,049 4,977
    MCCORMICK & CO 12,017 17,017
    MCDONALD'S 313,990 534,948
    MEDNAX 16,420 16,393
    MEDTRONIC 383,370 499,836
    MEITUAN 11,479 13,252
    MERCADOLIBRE 26,555 41,881
    MERCK & CO 702,455 735,382
    MERCK KGAA 4,938 5,671
    MERITAGE HOME 6,313 11,512
    METLIFE 5,913 6,808
    METLIFE (SERIES E PREFERRED) 1,491 1,696
    METLIFE (SERIES F PREFERRED) 9,149 10,010
    METTLER TOLEDO INTERNATIONAL 18,399 30,771
    MICHELIN COMPAGNIE GENERALE DE 17,714 19,239
    MICROCHIP TECHNOLOGY 25,271 40,052
    MICROSOFT 835,786 2,717,528
    MITSUBISHI UFJ FINANCIAL GROUP 12,222 10,406
    MOBILE TELESYSTEMS 5,156 5,862
    MOLINA HEALTHCARE 9,254 15,313
    MONDELEZ INTERNATIONAL 66,764 194,237
    MONDI 4,901 5,654
    MONOLITHIC POWER SYSTEMS 12,981 34,792
    MONOTARO 2,553 5,880
    MONRO 6,192 7,355
    MOODYS 12,045 19,736
    MOOG 7,908 7,930
    MORGAN STANLEY 8,158 14,871
    MORGAN STANLEY (SERIES A PREFERRED) 37,914 41,798
    MORGAN STANLEY (SERIES E PREFERRED) 7,766 8,264
    MORGAN STANLEY (SERIES F PREFERRED) 3,079 3,249
    MORGAN STANLEY (SERIES I PREFERRED) 1,440 1,636
    MORGAN STANLEY (SERIES K PREFERRED) 2,902 3,231
    MORGAN STANLEY (SERIES L PREFERRED) 3,064 3,302
    MORNINGSTAR 3,909 5,558
    MOTOROLA SOLUTIONS 10,751 15,305
    MSC INDUSTRIAL DIRECT 5,739 8,355
    MSCI 10,970 22,773
    MYRIAD GENETIC 11,823 9,868
    NEDBANK GROUP 4,751 5,554
    NESTLE 54,758 71,976
    NETFLIX 31,922 44,881
    NEUROCRINE BIOSCIENCES 21,514 17,541
    NEW YORK CMNTY BC (SERIES A PREFERRED) 2,727 3,267
    NEXON 3,759 5,671
    NEXPOINT RESIDENT TR 3,440 5,543
    NEXSTAR MEDIA GROUP 3,930 6,988
    NEXTERA ENERGY 386,900 1,020,540
    NICE 16,713 20,131
    NIDEC 5,426 10,620
    NIKE 243,136 704,379
    NINTENDO 45,929 64,497
    NORDEA BANK 4,774 5,304
    NORDSON 3,530 5,024
    NORFOLK SOUTHERN 35,260 50,373
    NORTHERN TRUST 3,267 3,539
    NORTHERN TRUST (PREFERRED) 52,180 55,400
    NORTHERN TRUST (SERIES E PREFERRED) 3,035 3,306
    NORTHROP GRUMMAN 74,701 98,120
    NOVARTIS 34,000 41,738
    NOVO NORDISK 8,866 11,805
    NVIDIA 11,331 35,510
    NXP SEMICONDUCTORS 30,393 38,798
    OCADO GROUP 3,686 3,612
    OLIN 144,249 147,360
    ONEOK 323,945 176,548
    ORACLE 475,010 598,900
    O'REILLY AUOMOTIVE 41,863 68,791
    ORSTED A/S 1,273 2,597
    OTIS WORLDWIDE 3,223 3,310
    PARKER HANNIFIN 25,005 41,134
    PAYCHEX 602,991 714,504
    PAYCOM SOFTWARE 10,197 26,231
    PAYPAL HOLDINGS 61,386 156,446
    PEBBLEBROOK HOTEL TR 10,415 9,532
    PELOTON INTERACTIVE 4,123 6,979
    PENN NATIONAL GAMING 64,830 86,370
    PEOPLES UNITED FINANCIAL (SERIES A PREFERRED) 4,338 4,844
    PEPSICO 89,333 107,369
    PERNOD RICHARD 18,051 21,054
    PFIZER 519,030 551,929
    PHILIP MORRIS INTERNATIONAL 126,671 243,154
    PHILLIPS 66 31,885 25,948
    PING AN INSURANCE 17,369 20,213
    PIONEER NATURAL RESOURCES 7,161 10,592
    PJSC LUKOIL 9,123 10,733
    PLEXUS 10,423 11,106
    PNC FINANCIAL SERVICES GROUP 57,511 64,815
    PNC FINANCIAL SERVICES GROUP (SERIES P PREFERRED) 14,801 15,131
    POOL 11,639 26,448
    POWER INTEGRATIONS 5,497 9,659
    PPG INDUSTRIES 10,382 13,412
    PROCTER & GAMBLE 44,920 53,151
    PROG HOLDINGS 3,321 7,596
    PROGRESSIVE CORP OHIO 22,125 30,653
    PROLOGIS 22,671 26,809
    PROSPERITY BANCSHARES 5,309 6,936
    PROSUS 2,560 3,210
    PRUDENTIAL 5,861 6,057
    PS BUSINESS PARKS (SERIES X PREFERRED) 2,972 3,082
    PS BUSINESS PARKS (SERIES Y PREFERRED) 1,444 1,618
    PS BUSINESS PARKS (SERIES Z PREFERRED) 2,950 3,342
    PT ASTRA INTERNATIONAL TBK 7,252 6,274
    PT BK MANDIRI PERSERO TBK 8,518 9,657
    PT TELEKOMUNAKASI INDONESIA 7,091 7,338
    PUBLIC SERVICE ENTERPRISE 68,015 84,185
    PUBLIC STORAGE (SERIES D PREFERRED) 1,491 1,641
    PUBLIC STORAGE (SERIES F PREFERRED) 1,495 1,656
    PUBLIC STORAGE (SERIES H PREFERRED) 1,458 1,641
    PUBLIC STORAGE (SERIES I PREFERRED) 2,966 3,237
    PUBLIC STORAGE (SERIES O PREFERRED) 1,753 1,766
    QTS REALTY TR 6,088 6,064
    QUAKER CHEMICAL 4,954 8,869
    QUALCOMM 666,797 1,477,089
    QUALYS 16,008 21,571
    QUEST DIAGNOSTICS 51,037 66,259
    R P M 15,704 22,786
    RAYMOND JAMES FINANCIAL 25,561 31,188
    RAYONIER 15,631 58,760
    RAYTHEON TECHNOLOGIES 170,240 195,866
    REALPAGE 7,774 11,341
    REALTY INCOME 14,422 13,740
    REGENERON PHARMACEUTICALS 15,149 20,291
    REGIONS FINANCIAL (SERIES B PREFERRED) 4,635 5,005
    REGIONS FINANCIAL (SERIES C PREFERRED) 4,468 4,982
    REINSURANCE GROUP OF AMERICA 12,517 11,011
    RELX 9,652 10,826
    REMY COINTREAU 11,021 11,212
    RENAISSANCERE HOLDINGS (PREFERRED) 1,450 1,677
    RENAULT 1,696 2,113
    RENTOKIL GROUP 7,534 10,680
    REPUBLIC SERVICES 6,300 7,800
    RESMED 8,532 17,217
    RESTAURANT BRANDS INTERNATIONAL 15,471 15,583
    ROCHE HOLDINGS 18,287 22,446
    ROCKWELL AUTOMATION 4,124 6,772
    ROPER TECHNOLOGIES 22,699 28,452
    ROSS STORES 49,372 71,721
    ROYAL DSM 4,522 8,776
    ROYAL DUTCH SHELL (CLASS B) 1,955 2,252
    RYANAIR HOLDINGS 5,477 7,039
    RYDER SYSTEMS 5,047 9,758
    RYOHIN KEIKAKU CO 6,415 5,360
    S&P GLOBAL 14,422 22,025
    SABRE 9,017 15,927
    SAFRAN 17,613 19,042
    SALESFORCE.COM 101,256 185,813
    SAMPO OYJ 7,135 6,764
    SANDVIK AB 4,440 5,459
    SANLAM 4,221 3,988
    SANMINA 12,750 14,287
    SANOFI 9,858 10,787
    SAREPTA THERAPEUTICS 3,193 3,751
    SBA COMMUNICATIONS 13,497 20,595
    SBERBANK RUSSIA 8,268 11,629
    SCHLUMBERGER 1,930 2,248
    SCHWAB CHARLES (SERIES C PREFERRED) 6,633 6,663
    SEA 29,369 37,620
    SEAGEN 1,137 1,751
    SEMPRA ENERGY 72,962 86,766
    SERVICENOW 17,647 37,429
    SHERWIN WILLIAMS 19,131 35,276
    SHIMANO 5,446 6,753
    SHIN ETSU CHEM 5,697 10,379
    SHINHAN FINANCIAL GROUP 7,373 6,279
    SHISEIDO 9,301 9,009
    SHOPIFY 49,298 74,709
    SHOPRITE HOLDINGS 3,168 3,413
    SHUTTERSTOCK 1,702 1,793
    SIEMENS GAMESA RENEWABLE ENERGY 2,710 4,524
    SINOPHARM GROUP 8,895 7,152
    SIRIUS XM HOLDINGS 145,266 159,250
    SKYWORKS SOLUTIONS 10,830 20,792
    SLACK TECHNOLOGIES 3,393 4,984
    SMARTSHEET 1,545 2,148
    SMC CORP JAPAN 1,238 1,745
    SNAP-ON 5,078 7,017
    SNOWFLAKE 6,027 4,502
    SOCIEDAD QUIMICA Y MINERA 2,270 3,780
    SOFTBANK 839 1,856
    SOLAREDGE TECHNOLOGIES 2,593 7,021
    SONY 14,428 31,341
    SOUTH ST 8,485 8,965
    SOUTHERN COMPANY 94,840 122,860
    SPIRE (CLASS A PREFERRED) 1,508 1,664
    SPLUNK 2,832 5,436
    SPOTIFY 29,980 42,479
    SQUARE 13,750 18,717
    STAG INDL 11,772 12,403
    STANDARD BANK GROUP 4,018 4,251
    STANLEY BLACK & DECKER 25,029 31,962
    STARBUCKS CORP WA 80,400 128,162
    STATE STREET (CONVERTIBLE PREFERRED) 37,349 38,605
    STATE STREET (SERIES D PREFERRED) 3,077 3,315
    STATE STREET (SERIES G PREFERRED) 1,409 1,651
    STEELCASE 12,935 11,870
    STERICYCLE 23,431 32,446
    STERIS 33,159 58,189
    STIFEL FINANCIAL 6,456 9,083
    STIFEL FINANCIAL (CLASS C PREFERRED) 3,168 3,428
    STONECO 2,953 10,406
    STORE CAPITAL 54,094 67,960
    STRYKER 31,615 37,246
    SUMITOMO MITSUI FINANCIAL GROUP 5,839 5,226
    SUMMIT MATERIALS 3,312 4,076
    SUN COMMUNITIES 22,133 28,871
    SUNCOR ENERGY 8,236 4,463
    SUZUKI MOTOR 4,559 4,485
    SVB FINANCIAL GROUP (SERIES A PREFERRED) 1,406 1,667
    SYNOPSYS 8,929 22,035
    SYNOVUS FINANCIAL (SERIES E PREFERRED) 4,215 4,962
    SYSCO 9,748 11,733
    T ROWE PRICE GROUP 5,917 8,326
    TAIWAN SEMICONDUCTOR MFG 79,557 229,638
    TAKE TWO INTERACTIVE SOFTWARE 9,107 20,987
    TARGET 337,666 569,133
    TEAMVIEWER 10,009 13,792
    TECHTRONIC IND 14,221 14,486
    TELADOC HEALTH 5,643 5,599
    TELEDYNE TECH 26,790 39,590
    TELEFLEX 35,798 53,916
    TELENOR 5,660 4,964
    TELEPERFORMANCE 6,175 10,289
    TEMENOS 11,139 10,197
    TENCENT HOLDINGS 42,667 86,556
    TENNESSEE VALLEY AUTHORITY (PREFERRED) 52,924 51,220
    TERNIUM 3,667 4,885
    TESCO 6,582 7,175
    TESLA 6,933 60,688
    TETRA TECH 4,199 6,599
    TEVA PHARMACEUTICALS 1,889 1,660
    TEXAS INSTRUMENTS 548,846 782,408
    THE AARONS COMPANY 4,736 5,498
    THE ALLSTATE CORP (SERIES I PREFERRED) 3,037 3,365
    THE ENSIGN GROUP 4,484 8,823
    THE HARTFORD FINANCIAL (SERIES G PREFERRED) 1,481 1,681
    THE SCOTTS MIRACLE-GRO COMPANY 9,669 21,308
    THERMO FISHER SCIENTIFIC 59,541 99,211
    THOMPSON REUTERS 9,151 10,154
    TIMKEN 8,193 15,627
    TJX COMPANIES 119,655 160,482
    TOKYO ELECTRON 8,557 13,851
    TORO 5,082 7,018
    TOTAL 1,690 1,593
    TRACTOR SUPPLY CO 5,016 7,591
    TRADE DESK 4,981 12,015
    TRANE TECHNOLOGIES 3,453 5,661
    TRANSDIGM GROUP 46,517 79,213
    TRANSUNION 34,525 40,085
    TRIMBLE 1,196 2,604
    TRIP.COM GROUP 1,172 1,788
    TRUIST FINANCIAL 46,637 44,048
    TRUIST FINANCIAL (SERIES H PREFERRED) 4,487 4,574
    TRUIST FINANCIAL (SERIES O PREFERRED) 4,850 5,035
    TRUIST FINANCIAL (SERIES R PREFERRED) 1,624 1,716
    TRUSTMARK 6,870 6,036
    TWILIO 3,911 11,171
    TWITTER 11,418 20,252
    TYLER TECHNOLOGIES 5,592 6,984
    TYSON FOODS 17,182 14,757
    U S BANCORP 70,538 74,264
    U S BANCORP (SERIES B PREFERRED) 5,889 6,787
    U S BANCORP (SERIES F PREFERRED) 6,681 6,612
    U S BANCORP (SERIES K PREFERRED) 3,045 3,276
    U S BANCORP (SERIES L PREFERRED) 3,234 3,381
    UBER TECHNOLOGIES 8,070 12,291
    UGI 5,079 6,223
    ULTA BEAUTY 4,535 6,030
    ULTRAGENYX PHARMACEUTICAL 1,660 2,630
    UMICORE 5,343 7,176
    UNIFIRST 6,269 6,986
    UNILEVER NV NY 40,460 60,360
    UNILEVER PLC 16,161 18,410
    UNION PACIFIC 48,252 90,992
    UNITED BANKSHARES 7,752 6,998
    UNITED FIRE GROUP 6,578 3,840
    UNITED PARCEL SERVICE 385,324 383,447
    UNITEDHEALTH GROUP 496,482 887,220
    UNIVERSAL DISPLAY 5,083 8,273
    V F 4,632 5,210
    VAIL RESORTS 10,384 13,669
    VALE 1,896 3,302
    VALERO ENERGY 2,147 1,810
    VENTAS 4,261 3,531
    VERISIGN 14,891 19,043
    VERISK ANALYITICS 93,587 149,050
    VERIZON COMMUNICATIONS 692,089 810,163
    VERTEX PHARMACEUTICALS 5,748 7,090
    VESTAS WIND SYSTEMS 7,521 13,690
    VIATRIS 26,874 32,739
    VINCI 3,462 3,663
    VISA 284,488 1,120,335
    VIVENDI 6,096 7,319
    VODACOM GROUP 3,230 3,438
    VOLKSWAGEN (PREFERRED) 8,302 9,180
    VORNADO REALTY TRUST 4,715 3,249
    VORNADO REALTY TRUST (SERIES K PREFERRED) 38,010 37,845
    VORNADO REALTY TRUST (SERIES M PREFERRED) 4,589 5,114
    VOYA FINANCIAL (SERIES B PREFERRED) 4,656 4,956
    VULCAN MATERIALS 14,078 18,539
    WALGREENS BOOTS ALLIANCE 12,464 8,774
    WALMART 7,625 11,532
    WALT DISNEY COMPANY HOLDING 84,389 135,885
    WEBSTER FINANCIAL (SERIES F PREFERRED) 54,469 58,383
    WEC ENERGY GROUP 20,769 25,768
    WEICHAI POWER 4,230 10,150
    WELLS FARGO & CO (SERIES P PREFERRED) 49,696 51,720
    WELLS FARGO & CO (SERIES Q PREFERRED) 4,754 5,048
    WELLS FARGO & CO (SERIES R PREFERRED) 9,492 10,148
    WELLS FARGO & CO (SERIES X PREFERRED) 4,899 5,091
    WELLS FARGO & CO (SERIES Y PREFERRED) 4,524 4,706
    WELLS FARGO & CO (SERIES Z PREFERRED) 1,349 1,691
    WEST PHARMACEUTICAL SERVICES 14,214 18,132
    WHITE MOUNTAIN GROUP BERMUDA 74,443 82,054
    WILLIAMS SONOMA 13,146 20,674
    WILLIS TOWERS WATSON PUB 76,039 105,340
    WINGSTOP 1,525 1,591
    WIX.COM 23,802 32,495
    WOLTERS KLUWER 3,301 4,952
    WOLVERINE WORLD WIDE 10,032 11,156
    WORKDAY 2,786 5,271
    WORLDLINE 8,623 9,251
    WUXI BIOLOGICS CAYMAN 20,774 33,072
    XCEL ENERGY 6,964 8,934
    XYLEM 465,669 580,610
    Z HOLDINGS 2,856 3,345
    ZEBRA TECH 12,454 24,597
    ZIMMER BIOMET HOLDINGS 12,961 14,330
    ZOETIS 35,594 71,827

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    US Government Securities - End of Year Book Value:

    1,019,675
    US Government Securities - End of Year Fair Market Value:

    1,093,200
    State & Local Government Securities - End of Year Book Value:


    525,494
    State & Local Government Securities - End of Year Fair Market Value:


    554,294


    TY 2020 InvestmentsOtherSchedule2
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AAM/HIMCO SHORT DUR I AT COST 1,304,636 1,318,145
    ACAP STRATEGIC INTERVAL AT COST 525,041 669,680
    ALGER SMALL CAP FOCUS Z AT COST 139,555 233,441
    AMG GW&K SMALL CAP CORE I AT COST 359,344 483,022
    ANGEL OAK MULTI STRATEGY INCOME I AT COST 413,641 420,516
    BROWN ADVISORS SMALL CAP GROWTH AT COST 108,951 160,747
    CONSUMER DISCRETIONARY SELECT SECTOR SPDR ETF AT COST 132,066 195,509
    ENERGY CAPITAL PARTNERS III-A LP AT COST 162,126 184,058
    FIRST TR EXCHANGE TRADED FUND VI AT COST 100,389 138,368
    GOLDMAN SACHS EMERGING MARKETS EQITY AT COST 302,650 370,042
    GRIFFIN INSTITUTIONAL ACCESS REAL ESTATE FUND AT COST 410,276 388,193
    ISHARES 0-5 YEAR INVESTMENT GRADE ETF AT COST 579,133 596,352
    ISHARES CORE S&P US VLAUE AT COST 518,662 602,621
    ISHARES CORE US AGGREGATE BOND ETF AT COST 295,582 319,113
    ISHARES IBOXX INVESTMENT GRADE CORP BOND ETF AT COST 556,848 676,837
    LORD ABBETT BOND DEB F AT COST 305,156 328,896
    MFIS INTERNATIONAL OPPORTUNITY PORTFOLIO I AT COST 217,062 357,259
    MFS INTERNATIONAL INTRINSIC VALUE I AT COST 730,574 937,874
    MS DIRECT LENDING FUND AT COST 205,080 203,900
    ORBIMED ISRAEL PARTNERS II AT COST 139,359 179,925
    PGIM TR ULTRA SHORT ETF AT COST 125,358 127,092
    PIMCO INVESTMENT GRADE CORPORATE BOND FUND AT COST 376,794 412,940
    PIMCO TOTAL RETURN ACTIVE ETF AT COST 400,474 418,507
    PORTFOLIO ADVISORS SECONDARY FUND II LP AT COST 117,025 49,674
    PRINCIPAL GLOBAL DIVERSIFIED INCOME AT COST 416,892 413,113
    PRINCIPAL SPECTRUM PREFERRED AND CAPITAL SECURITIES INCOME FUND AT COST 504,196 510,500
    CYPRESS CREEK PRIVATE STRATEGIES REGISTERED FUND LP AT COST 412,729 456,778
    SHENKMAN CAPITAL SHORT DURATION HIGH INCOME FUND F AT COST 501,156 501,657
    SPDR GOLD TR GOLD SHS AT COST 343,295 473,724
    STARWOOD REAL ESTATE INCOME AT COST 211,088 212,924
    TECHNOLOGY SELECT SECTOR SPDR ETF AT COST 286,421 534,772
    VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF AT COST 955,565 1,041,341
    VANGUARD LONG-TERM CORPORATE BOND ETF AT COST 1,022,607 1,199,556
    VANGUARD REAL ESTATE INDEX ETF AT COST 513,520 643,854
    VANGUARD SHORT-TERM TAX-EXEMPT FUND AT COST 35,267 35,512
    VANGUARD TOTAL BOND MARKET ETF AT COST 779,357 861,352

    TY 2020 LegalFeesSchedule
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL - MIZELL LAW FIRM PA 111 83   28


    TY 2020 OtherDecreasesSchedule
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Description Amount
    STOCK CONTRIBUTED - FMV > BASIS 392,132


    TY 2020 OtherExpensesSchedule
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 2,452 2,452   0
    OFFICE SUPPLIES & POSTAGE 111 0   111
    PORTFOLIO DEDUCTIONS 32,847 32,847   0
    BANK CHARGES 1,737 0   1,737
    TELEPHONE (VERIZON) 848 0   848
    RECLASS OF LOSS (LINE 11) 225 225   0


    TY 2020 OtherIncomeSchedule2
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CNX MIDSTREAM PARTNERS LP 8 8  
    CNX MIDSTREAM PARTNERS LP - UBTI   -8  
    CRESTWOOD EQUITY PARTNERS LP -240 -240  
    CRESTWOOD EQUITY PARTNERS LP - UBTI   240  
    CYRPRESS CREEK PRIVATE STRATEGIES REGISTERED FUND LP -4,690 -4,540  
    DCP MIDSTREAM LP -301 -300  
    DCP MIDSTREAM LP - UBTI   189  
    ENERGY CAPITAL PARTNERS III-A LP - OTHER INCOME -12,291 -12,305  
    ENERGY CAPITAL PARTNERS III-A LP - UBTI   3,556  
    ENERGY TRANSFER LP -52 -51  
    ENERGY TRANSFER LP - UBTI   36  
    ENTERPRISE PRODUCTS PARTNERS LP -545 -544  
    ENTERPRISE PRODUCTS PARTNERS LP - UBTI   546  
    MAGELLAN MIDSTREAM PARTNERS LP -300 -300  
    MAGELLAN MIDSTREAM PARTNERS LP - UBTI   435  
    MORGAN STANLEY SMITH BARNEY #028917 - OTHER INCOME 18,594 18,594  
    MPLX LP -593 -593  
    MPLX LP - UBTI   593  
    NOBLE MIDSTREAM PARNERS LP -142 -142  
    NOBLE MIDSTREAM PARNERS LP - UBTI   141  
    NUSTAR ENERGY LP -241 -239  
    NUSTAR ENERGY LP - UBTI   241  
    ORBIMED ISRAEL II LP 10 10  
    PHILLIPS 66 PARTNERS LP -136 -136  
    PHILLIPS 66 PARTNERS LP - UBTI   136  
    PLAINS ALL AMERICAN PIPELINE LP -639 -620  
    PLAINS ALL AMERICAN PIPELINE LP - UBTI   619  
    PORTFOLIO ADVISORS SECONDARY FUND II LP 1,489 1,336  
    PORTFOLIO ADVISORS SECONDARY FUND II LP - UBTI   448  
    TC PIPELINES LP -64 -62  
    TC PIPELINES LP - UBTI   62  
    WESTERN MIDSTREAM PARTNERS LP -92 -92  
    WESTERN MIDSTREAM PARTNERS LP - UBTI   92  
    RECLASS LOSS TO EXPENSE 225 225  


    TY 2020 OtherLiabilitiesSchedule
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Description Beginning of Year - Book Value End of Year - Book Value
    CALL/SHORT SALE (MSSB #028918) 9,973 0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES - ABBOT DOWNING 4,945 4,945   0
    MANAGEMENT FEES - CHARLOTTE STATE BANK 251,040 251,040   0
    MANAGEMENT FEES - MORGAN STANLEY SMITH BARNEY 206,160 206,160   0
    MARSHA FERRELL 60,000 0   60,000


    TY 2020 TaxesSchedule
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID ON INVESTMENTS 14,018 14,018   0
    FEDERAL EXCISE TAX 25,000 0   0