Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE WALTERS FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 370
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILFORD, MI48381
A Employer identification number

47-1395696
B Telephone number (see instructions)

(248) 205-1390
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$22,205,227J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 472,588 472,588  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,075,538
b Gross sales price for all assets on line 6a 14,401,888
7 Capital gain net income (from Part IV, line 2)... 1,075,538
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).......      
12 Total. Add lines 1 through 11........ 1,548,126 1,548,126  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 29,472 0   29,472
c Other professional fees (attach schedule).... Click to see attachment 103,224 0   103,224
17 Interest............... 201 201   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 7,486 4,486   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 179,150 178,367   783
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 319,533 183,054   133,479
25 Contributions, gifts, grants paid....... 808,183 808,183
26 Total expenses and disbursements. Add lines 24 and 25 1,127,716 183,054   941,662
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 420,410
b Net investment income (if negative, enter -0-) 1,365,072
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............. 276,768 606,423 606,423
2 Savings and temporary cash investments.........      
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)      
b Investments—corporate stock (attach schedule)....... 6,574,837 Click to see attachment8,625,157 12,453,490
c Investments—corporate bonds (attach schedule)....... 10,225 Click to see attachment10,086 10,256
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 10,092,030 Click to see attachment8,077,825 9,129,668
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment7,903 Click to see attachment5,390 Click to see attachment5,390
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,961,763 17,324,881 22,205,227
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 attachment87,479 Click to see attachment36,237
23 Total liabilities (add lines 17 through 22)......... 87,479 36,237
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 16,874,284 17,288,644
29 Total net assets or fund balances (see instructions)..... 16,874,284 17,288,644
30 Total liabilities and net assets/fund balances (see instructions). 16,961,763 17,324,881
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
16,874,284
2
Enter amount from Part I, line 27a .....................
2
420,410
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
17,294,694
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
6,050
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
17,288,644
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 MORGAN STANLEY #6318 ST COVERED P    
b MORGAN STANLEY #6318 ST COVERED-WASH SALE P    
c MORGAN STANLEY #6318 ST NONCOVERED P    
d MORGAN STANLEY #6318 LT COVERED P    
e MORGAN STANLEY #6318 LT COVERED-WASH SALE P    
MORGAN STANLEY #6318 ST NONCOVERED P    
MORGAN STANLEY #6001 ST COVERED P    
MORGAN STANLEY #6001 ST COVERED-WASH SALE P    
MORGAN STANLEY #6001 ST NONCOVERED P    
MORGAN STANLEY #6001 LT COVERED P    
MORGAN STANLEY #6001 LT NONCOVERED P    
MORGAN STANLEY #6318 LT COVERED D    
MORGAN STANLEY #6001 LT COVERED D    
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 7,852,981   8,255,264 -402,283
b       20,621
c 326,925   297,945 28,980
d 3,323,168   3,404,107 -80,939
e       110
47,179   39,139 8,040
237,028   252,369 -15,341
      808
8,934   8,534 400
153,421   162,643 -9,222
4,399   3,696 703
2,412,535   921,082 1,491,453
5,799   3,110 2,689
29,519     29,519
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       -402,283
b       20,621
c       28,980
d       -80,939
e       110
      8,040
      -15,341
      808
      400
      -9,222
      703
      1,491,453
      2,689
      29,519
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 1,075,538
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 18,975
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 18,975
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 18,975
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 12,806
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 38,306
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 19,331
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet19,331 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWALTERSFFMI.ORG
    14
    The books are in care ofbulletPETER WALTERS Telephone no.bullet (248) 205-1390

    Located atbulletPO BOX 370MILFORDMI ZIP+4bullet48381
    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
    CAROL A WALTERS PRESIDENT & DIRECTOR
    10.00     		0 0 0
    P O BOX 370
    MILFORD,MI48381
    PETER S WALTERS SECRETARY, TREASURER, DIRE
    10.00     		0 0 0
    P O BOX 370
    MILFORD,MI48381
    MATTHEW D WALTERS DIRECTOR
    0.50     		0 0 0
    P O BOX 370
    MILFORD,MI48381
    JOSEPH P WALTERS DIRECTOR
    0.50     		0 0 0
    P O BOX 370
    MILFORD,MI48381
    SARAH J EARLY DIRECTOR
    0.50     		0 0 0
    P O BOX 370
    MILFORD,MI48381
    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
    ELIZABETH LEVY DBA PROSEEDS LLC CONSULTANCY SERVICES 68,971
    153 LAKESIDE DRIVE
    ROYAL OAK,MI48073
    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
    19,292,652
    b
    Average of monthly cash balances.......................
    1b
    615,339
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    19,907,991
    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
    19,907,991
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    298,620
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    19,609,371
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    980,469
    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
    980,469
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    18,975
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    18,975
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    961,494
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    961,494
    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
    961,494
    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
    941,662
    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
    941,662
    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
    941,662
    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 7 961,494
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 748,958
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 941,662
    a Applied to 2019, but not more than line 2a 748,958
    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..... 192,704
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		768,790
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    PETER S WALTERS
    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
    AMERICAN RIVERS INC
    1101 14TH STREET NW NO 1400
    WASHINGTON,DC20005     		NONE PC WFF FUNDING WILL HELP TO PROTECT WILD RIVERS, RESTORE DAMAGED RIVERS AND CONSERVE CLEAN WATER FOR PEOPLE AND NATURE. 45,000
    DETROIT 90 90
    610 ANTOINETTE
    DETROIT,MI48202     		NONE PC WFF FUNDING TO HELP PROVIDE EDUCATIONAL MANAGEMENT SERVICES TO PUBLIC SCHOOL ACADEMIES IN THE STATE OF MICHIGAN. 50,000
    DOWNTOWN BOXING GYM YOUTH PROGRAM
    6445 E VERNOR HWY
    DETROIT,MI48207     		NONE PC WFF FUNDING WILL EMPOWER DETROIT STUDENTS TO BE POSITIVE AND PRODUCTIVE MEMBERS OF SOCIETY. 120,000
    EASTERN MARKET CORPORATION
    2934 RUSSELL
    DETROIT,MI48207     		NONE PC WFF FUNDING WILL HELP TO PROVIDE CRITICAL INFRASTRUCTURE TO STRENGTHEN THE EASTERN MARKET DISTRICT, IMPROVE ACCESS TO HEALTHY, GREEN, AFFORDABLE, AND FAIR FOOD CHOICES IN DETROIT AND THROUGHOUT SOUTHEAST MICHIGAN AND FORTIFY THE FOOD SECTOR AS A PILLAR OF REGIONAL ECONOMIC GROWTH. 40,000
    HURON PINES RESOURCE CONSERVATION & DEVELOPMENT COUNCIL INC
    4241 OLD US 27 SOUTH STE 2
    GAYLORD,MI49735     		NONE PC WFF FUNDING WILL HELP TO CONSERVE THE FORESTS, LAKES AND STREAMS OF NORTHEAST MICHIGAN. 50,000
    KALAMAZOO REG ED SERVICE AGENCY FOUNDATION
    1819 EAST MILHAM AVE
    PORTAGE,MI49002     		NONE PC WFF FUNDING WILL HELP TO ENHANCE EDUCATIONAL EXCELLENCE THROUGHOUT KALAMAZOO COUNTY. 50,000
    MATRIX HUMAN SERVICES
    1400 WOODBRIDGE
    DETROIT,MI48207     		NONE PC WWF FUNDING WILL HELP ADVOCATE FOR AND SERVICE THE MOST VULNERABLE IN THE METROPOLITAN DETROIT COMMUNITY AND EMPOWER INDIVIUALS AND FAMILIES TO ENHANCE THE QUALITY OF THEIR LIVES AND ACHIEVE SELF SUFFICIENCY. 18,000
    AFFIMATIONS LESBIAN AND GAY COMMUNITY CENTER
    290 W NONE MILE ROAD
    FERNDALE,MI48220     		NONE PC WFF FUNDING WILL PROVIDE SUPPORT IN THE DEVELOPMENT OF A POSITIVE SELF-IMAGE WITHIN GAY, LESBIAN, BISEXUAL, AND TRANSGENDER PEOPLE AND THE COMMUNITY AS A WHOLE. 17,500
    ALLEN NEIGHBORHOOD CENTER
    1611 EAST KALAMZOO STREET
    LANSING,MI48912     		NONE PC WFF FUNDING WILL HELP ADVANCE REVITALIZATION EFFORTS IN LANSING'S EASTSIDE NEIGHBORHOOD. 120,000
    CONSERVATION RESOURCE ALLIANCE
    10850 TRAVERSE HIGHWAY NO 1180
    TRAVERSE CITY,MI49684     		NONE PC WFF FUNDING WILL HELP TO PRESERVE AND PROTECT NORTHERN MICHIGAN'S WATERWAYS, WILDLIFE, AND FORESTS FOR FUTURE GENERATIONS. 50,000
    THE DETROIT INSTITUTE OF ARTS
    5200 WOODWARD AVENUE
    DETROIT,MI48202     		NONE PC WFF FUNDING WILL HELP THE DIA TO CREATE EXPERIENCES THAT HELP EACH VISTOR FIND PERSONAL MEAING IN ART. 62,683
    FOOD BANK OF CENTRAL & EASTERN NC INC
    1924 CAPITL BOULEVARD
    RALEIGH,NC27604     		NONE PC WFF FUNDING WILL HELP THE FOOD BANK SERVES A NETWORK OF MORE THAT 900 PARTNER AGENCIES SUCH AS SOUP KITCHENS, FOOD PANTRIES. SHELTERS, AND PROGRAMS FOR CHILDREN AND ADJULTS THROUGH DISTRIBUTION CENTERS IN DURHAM, GREENVILLE, NEW BERN, RALEIGH, THE SANDHILLS (SOUTHERN PINES) AND WILMINGTON. 25,000
    GLEANERS COMMUNITY FOOD BANK INC OF SOUTHEASTERN MICHIGAN
    2131 BEAUFAIT
    DETROIT,MI48207     		NONE PC WFF FUNDING WILL HELP GLEANERS COMMUNITY FOOD BANK TO FEED HUNGRY PEOPLE AND NOURISH OUR COMMUNITIES BY DISTRIBUTING EMERGENCY FOOD TO 519 PARTNER SCHOOLS, SOUP KITCHENS, SHELTERS, AND PANTRIES IN WAYNE, OAKLAND, MACOMB, LIVINGSTON AND MONROE COUNTIES. 25,000
    LIVING ARTS
    8701 VERNOR HWY
    DETROIT,MI48209     		NONE PC WFF FUNDING WILL HELP LIVING ARTS TO ENGAGE DETROIT YOUTH, TEACHERS, AND FAMILIES IN TRANSFORMATIVE EXPERIENCES IN THE PERFORMING, VISUAL, LITERARY AND MEDIA ARTS THROUGH LONG-TERM ARTIST RESIDENCIES IN CLASSROOMS ACROSS METRO-DETROIT AND ROBUST OUT-OF-SCHOOL OFFERINGS IN SOUTHWEST DETROIT. LIVING ARTS INCREASES YOUTH ACADEMIC ACHIEVEMENT, DEVELOPS LEADERSHIP AND ARTISTIC SKILLS, AND STRENGTHENS SCHOOLS AND COMMUNITIES. 30,000
    RACQUET UP DETROIT
    P O BOX 11404
    DETROIT,MI48211     		NONE PC WFF FUNDING WILL HELP RACQUET UP DETROIT TO SUPPORT AND EMPOWER DETROIT YOUTH TO ACHIEVE THEIR FULL POTENTIAL THROUGH AN OUT-OF-SCHOOL PROGRAM CONSISTING OF SQUASH, ACADEMICS, AND COMMUNITY SERVICE. 25,000
    TECH TOWN DETROIT
    440 BURROUGHS
    DETROIT,MI48202     		NONE PC WFF FUNDING WILL HELP TECHTOWN DETROIT TO PROVIDE A POWERFUL CONNECTION TO A BROAD NETWORK OF RESOURCES, CATALYZING ENTIRE COMMUNITIES OF ENTREPRENEURS BEST POISED TO ENERGIZE THE LOCAL ECONOMY. 80,000
    Total .................................bullet 3a 808,183
    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 ...........     		         
    4 Dividends and interest from securities....     14 472,588  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,075,538  
    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 1,548,126 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,548,126
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE WALTERS FAMILY FOUNDATION
    EIN:
    47-1395696
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MOORE DOEREN MAYHEW 29,472 0   29,472

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE WALTERS FAMILY FOUNDATION
    EIN:
    47-1395696
    Name of Bond End of Year Book Value End of Year Fair Market Value
    JPMORGAN CHASE & CO 10,086 10,256

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE WALTERS FAMILY FOUNDATION
    EIN:
    47-1395696
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1159 SHS WALT DISNEY CO HLDG CO (DIS) 116,564 209,988
    1471 SHS WASTE MGMT INC (DELA) (WM) 150,883 173,475
    1939 SHS CROWN CASTLE INTL CORP (CCI) 139,707 308,669
    1975 SHS REPUBLIC SERVICES INC (RSG) 148,439 190,193
    215 SHS BANK OF AMERICA CORP (BAC) 3,618 6,517
    22 SHS MASTERCARD INC LC A (MA) 1,059 7,853
    27 SHS FACEBOOK INC CL-A (FB) 1,912 7,375
    29 SHS HONEYWELL INTERNATIONAL INC (HON) 1,777 6,168
    3041 SHS VERIZON COMMUNATIONS (VZ) 164,132 178,659
    3446 SHS NUTRIEN LTD (NTR) 170,000 165,959
    36 SHS INTL FLAVORS & FRAGRANCES (IFF) 4,783 3,918
    39 SHS PROCTER & GAMBLE (PG) 3,064 5,426
    39 SHS WALT DISNEY CO HDLG CO (DIS) 4,018 7,066
    44 SHS CROWN CASTLE INTL CORP (CCI) 3,111 7,004
    5 SHS ALPHABET INC CL A (GOOGL) 2,869 8,763
    50 SHS COLGATE PALMOLIVE CO (CL) 3,273 4,276
    5803 SHS AMERICOLD REALTY TRUST (COLD) 207,003 216,626
    66 SHS JPMORGAN CHASE & CO (JPM) 2,243 8,387
    661 SHS INTL FLAVORS & FRAGRANCES (IFF) 90,653 71,943
    91 SHS NUTRIEN LTD (NTR) 4,583 4,383
    92 SHS VERIZON COMMUNICATIONS (VZ) 4,720 5,405
    382 SHS AIR PROD & CHEM INC (APD) 108,945 104,370
    10995 SHS ALCON CORP (AA) 156,591 253,435
    3990 SHS ALCON INC (ALC) 222,837 263,260
    100 SHS ALPHABET INC CL A (GOOGL) 71,526 175,264
    3426 SHS AMDOCS LIMITED ORD (DOX) 228,607 243,006
    4043 SHS DOW INC (DOW) 101,249 224,387
    3739 SHS DUKE ENERGY CORPORATION (DUX) 322,586 342,343
    1480 SHS ECOLAB INC (ECL) 238,835 320,213
    804 SHS FACEBOOK INC CL (FB) 72,853 219,621
    3811 SHS FLIR SYSTEMS INC (FLIR) 152,197 167,036
    30118 SHS FREEPORT MCMORAN CL B (FCX) 229,356 783,670
    6342 SHS HESS CORPORATION (HES) 313,505 334,794
    1599 SHS HONEYWELL INTERNATIONAL INC (HON) 111,659 340,107
    1627 SHS INTEL CORP (INTC) 84,636 81,057
    2216 SHS JPMORGAN CHASE & CO (JPM) 140,707 281,587
    657 SHS LINDE PLC (LIN) 145,536 173,126
    1025 SHS MARTIN MARIETTA MATERIALS (MLM) 219,668 291,069
    534 SHS MASTERCARD INC CL A (MA) 27,561 190,606
    1374 SHS MICROSOFT CORP (MSFT) 49,412 305,605
    664 SHS NETFLIX INC (NFLX) 81,957 359,045
    9357 SHS PPL CORPORATION (PPL) 280,525 263,867
    600 SHS PROCTER & GAMBLE (PG) 57,853 83,484
    2646 SHS PROLOGIS INC COM (PLD) 198,622 263,700
    1155 SHS RAYTHEON TECHNOLOGIES CORP (RTX) 65,155 82,594
    11363 SHS SUNCOR ENERGY INC (SUI) 254,911 190,671
    10030 SHS SUZANO SA ADR (SUZ) 94,787 112,135
    2687 SHS TWITTER INC (TWIR) 68,552 145,501
    821 SHS UNITEDHEALTH GP INC (UNH) 194,461 287,908
    10443 SHS VALERO ENERGY CP DELA NEW (VLO) 562,999 590,761
    10682 SHS WEYERHAEUSER CO (WY) 307,024 358,167
    516 SHS ANSYS INC (ANSS) 112,640 187,721
    1856 SHS APPLE INC (APPL) 31,988 246,273
    12433 SHS ARCELORMITTAL CL A NY REGISTRY (MT) 174,529 284,716
    7449 SHS AT&T INC (T) 250,992 214,233
    1043 SHS AUTOMATIC DATA PROCESSING INC (ADP) 167,589 183,777
    6039 SHS BANK OF AMERICA CORP (BAC) 104,452 183,042
    176 SHS BOOKING HOLDINGS INC (BKNG) 321,519 392,000
    10664 SHS BP PLC ADS (BP) 241,880 218,825
    4193 SHS CH ROBINSON WORLDWIDE INC NEW (CHRW) 277,849 393,597
    3654 SHS CHEMOURS CO COM (CC) 97,141 90,583
    5328 SHS CISCO SYS INC (CSCO) 178,573 238,428
    337 SHS COLGATE PALMOLIVE CO (CL) 21,865 28,817
    12 SHS AIR PROD & CHEM INC (API) 3,422 3,279
    358 SHS ALCOA CORP (AA) 5,098 8,252
    146 SHS ALCON INC (ALC) 8,272 9,633
    67 SHS AMDOCS LIMITED ORD (DOX) 4,431 4,752
    273 SHS AMERICOLD RLTY TR COM (COLD) 9,365 10,191
    95 SHS ANSYS INC (ANSS) 17,897 34,561
    68 SHS APPLE (AAPL) 1,379 9,023
    403 SHS ARCELORMITTAL CL A NY REGISTRY (MT) 5,657 9,229
    219 SHS AT&T INC (T) 7,131 6,298
    33 SHS AUTOMATIC DATA PROCESSING INC (ADP) 5,302 5,815
    4 SHS BOOKING HOLDINGS INC (BKNG) 7,279 8,909
    391 SHS BP PLC ADS (BP) 8,868 8,023
    131 SHS CH ROBINSON WORLDWIDE INC NEW (CHRW) 8,689 12,297
    139 SHS CHEMOURS CO COM (CC) 3,691 3,446
    385 SHS CISCO SYS INC (CSCO) 13,584 17,229
    162 SHS DOW INC (DOW) 4,057 8,991
    108 SHS DUKE ENERGY CORPORATION (DUK) 8,333 9,888
    70 SHS ECOLAB INC (ECL) 11,443 15,145
    122 SHS FLIR SYSTEMS INC (FLIR) 4,872 5,347
    1357 SHS FREEPORT-MCMORAN CL-B (FCX) 12,375 35,309
    225 SHS HESS CORPORATION (HES) 11,091 11,878
    65 SHS INTEL CORP (INTC) 3,484 3,238
    14 SHS KIMBERLY CLARK CORP (KMB) 1,469 1,888
    17 SHS LINDE PLC (LIN) 3,766 4,480
    28 SHS MARTIN MARIETTA MATERIALS (MLM) 6,001 7,951
    54 SHS MICROSOFT CORP (MSFT) 3,020 12,011
    25 SHS NETFLIX INC (NFLX) 2,888 13,518
    200 SHS PPL CORPORATION (PPL) 5,570 5,640
    120 SHS PROLOGIS INC COM (PLD) 8,349 11,959
    24 SHS RAYTHEON TECHNOLOGIES CORP (RTX) 986 1,716
    283 SHS SUNCOR ENERGY INC (SU) 5,990 4,749
    86 SHS TWITTER INC (TWIR) 2,194 4,657
    38 SHS UNITEDHEALTH GP INC (UNH) 9,001 13,326
    385 SHS VALERO ENERGY CP DELA NEW (VLO) 21,432 21,779
    14 SHS WASTE MGMT INC (DELIA) (WM) 1,425 1,651
    338 SHS WEYERHAEUSER CO (WY) 9,725 11,333
    326 SHS SUZANO SA ADR (SUZ) 3,081 3,645

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE WALTERS FAMILY FOUNDATION
    EIN:
    47-1395696
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALKEON GROWTH OFFSHORE LTD AT COST 250,000 477,745
    BRIDGE SENIORS II INTL-A AT COST 456,326 411,495
    MILLENNIUM INTNL HF AT COST 421,840 577,786
    NB SELECT OPPS (CAYMAN) AT COST 222,137 280,546
    NH EXP EQUITY OFFSHORE AT COST 192,025 206,027
    PE CO-INV OPP I (CAYMAN) AT COST 347,975 432,900
    THIRD PT OFFSHORE FUND LTD AT COST 300,000 360,383
    8685 SHS ISHARES MSCI EMERGING MKTS ETF (EEM) AT COST 317,636 448,753
    2140 SHS ISHARES RUSSELL 2000 VALUE ETF (IWN) AT COST 223,881 281,945
    3484 SHS ISHARES TIPS BOND ETF (TIP) AT COST 423,226 444,733
    9332.516 SHS AMERICAN NEW WORLD F2 (NFFFX) AT COST 615,810 818,368
    44724.888 SHS INVESCO CORE PLUS BOND Y (CPBYX) AT COST 508,522 512,100
    172037.324 SHS PRINCIPAL SPC PRF&CP SEC INC I (PPSIX) AT COST 1,730,724 1,801,231
    137385.258 SHS VOYA GNMA INCOME I (LEINX) AT COST 1,173,255 1,180,139
    70365.486 SHS VOY STRAT INC OPPPORT I (IISIX) AT COST 727,449 709,988
    281 SHS ISHARES MSCI ENERGING MKTS ETF (EEM) AT COST 10,295 14,519
    209 SHS ISHARES RUSSELL 2000 VALUE ETF (IWN) AT COST 21,484 27,536
    89 SHS ISHARES TIPS BOND ETF (TIP) AT COST 11,196 11,361
    272.818 SHS AMERICAN NEW WORLD F2 (NFFFX) AT COST 18,170 23,924
    1026.004 SHS E V SHT DURATION GOVT INC (EILDX) AT COST 8,331 8,321
    4011.697 SHS PRINCIPAL SPC PRF&CP SEC INC I (PPSIX) AT COST 39,928 42,002
    3029.584 SHS VOYA GMMA INCOME I (LEINX) AT COST 25,107 26,024
    3155.777 SHS VOYA STRAT INC OPPORT I (ISIX) AT COST 32,508 31,842

    TY 2020 OtherAssetsSchedule
    Name:
    THE WALTERS FAMILY FOUNDATION
    EIN:
    47-1395696
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDEND RECEIVABLE 7,903 5,390 5,390


    TY 2020 OtherDecreasesSchedule
    Name:
    THE WALTERS FAMILY FOUNDATION
    EIN:
    47-1395696
    Description Amount
    BOOK TO TAX DIFFERENCE 6,050


    TY 2020 OtherExpensesSchedule
    Name:
    THE WALTERS FAMILY FOUNDATION
    EIN:
    47-1395696
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVISORY FEES 172,319 172,319   0
    POSTAGE 288 0   288
    TELEPHONE 474 0   474
    BUSINESS REGISTRATION FEE 21 0   21
    FOUNDATION MANAGEMENT SUPPORT 6,048 6,048   0


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE WALTERS FAMILY FOUNDATION
    EIN:
    47-1395696
    Description Beginning of Year - Book Value End of Year - Book Value
    MS #6318 OPTIONS 87,479 36,237


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE WALTERS FAMILY FOUNDATION
    EIN:
    47-1395696
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WEBSITE DESIGN 22,565 0   22,565
    FOUNDATION MEMBERSHIP SUPPORT 6,065 0   6,065
    PHILANTHROPY CONSULTING 74,594 0   74,594


    TY 2020 TaxesSchedule
    Name:
    THE WALTERS FAMILY FOUNDATION
    EIN:
    47-1395696
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MORGAN STANLEY-FOREIGN TAXES PAID 4,486 4,486   0
    EXCISE TAX 3,000 0   0