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
GILBERT FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1074 WOODWARD AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DETROIT, MI482261906
A Employer identification number

81-0810541
B Telephone number (see instructions)

(313) 816-4583
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$127,377,974J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,091,151 2,162,421  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -3,530,809
b Gross sales price for all assets on line 6a 57,543,143
7 Capital gain net income (from Part IV, line 2)... 0
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........ -1,439,658 2,162,421  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 170,192 0   170,192
14 Other employee salaries and wages...... 232,349 0   226,313
15 Pension plans, employee benefits....... 30,315 0   29,265
16a Legal fees (attach schedule)......... Click to see attachment 168,611 0   158,002
b Accounting fees (attach schedule)....... Click to see attachment 29,825 14,912   30,000
c Other professional fees (attach schedule).... Click to see attachment 564,324 330,458   581,540
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 21,355 1,355   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 4,401 0   7,067
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 82,676 0   68,297
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,304,048 346,725   1,270,676
25 Contributions, gifts, grants paid....... 14,024,231 15,117,959
26 Total expenses and disbursements. Add lines 24 and 25 15,328,279 346,725   16,388,635
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -16,767,937
b Net investment income (if negative, enter -0-) 1,815,696
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............. 943,514 450,151 450,151
2 Savings and temporary cash investments......... 23,535,598 19,544,491 19,544,491
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   4,808    
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.......... 21,648 18,534 18,534
10a Investments—U.S. and state government obligations (attach schedule) 12,048,853 Click to see attachment9,464,162 9,464,162
b Investments—corporate stock (attach schedule)....... 53,614,929 Click to see attachment59,360,801 59,360,801
c Investments—corporate bonds (attach schedule)....... 25,995,980 Click to see attachment23,248,502 23,248,502
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 13,213,089 Click to see attachment15,291,333 15,291,333
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) 129,378,419 127,377,974 127,377,974
Liabilities 17 Accounts payable and accrued expenses.......... 43,390 61,949
18 Grants payable................. 9,816,477 11,554,815
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 attachment11,909 Click to see attachment0
23 Total liabilities (add lines 17 through 22)......... 9,871,776 11,616,764
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........ 150,000,000 150,000,000
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -30,493,357 -34,238,790
29 Total net assets or fund balances (see instructions)..... 119,506,643 115,761,210
30 Total liabilities and net assets/fund balances (see instructions). 129,378,419 127,377,974
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
119,506,643
2
Enter amount from Part I, line 27a .....................
2
-16,767,937
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
13,022,504
4
Add lines 1, 2, and 3 ..........................
4
115,761,210
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
115,761,210
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 REALIZED GAINS ON PUBLICLY TRADED SECURITIES P    
b
c
d
e
(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 57,543,143   61,469,431 -3,926,288
b
c
d
e
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       -3,926,288
b
c
d
e
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 -3,926,288
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 25,238
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 25,238
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 25,238
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 44,083
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 44,083
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 18,845
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet18,845 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
    Yes
     
    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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.GILBERTFAMILYFOUNDATION.ORG
    14
    The books are in care ofbulletMATTHEW RIZIK Telephone no.bullet (313) 816-4583

    Located atbullet1074 WOODWARD AVENUEDETROITMI ZIP+4bullet482261906
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
    Yes
     
    .........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). Click to see attachment
    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
    DANIEL B GILBERT TRUSTEE
    1.00     		0 0 0
    1074 WOODWARD AVENUE
    DETROIT,MI48226
    JENNIFER GILBERT TRUSTEE
    1.00     		0 0 0
    1074 WOODWARD AVENUE
    DETROIT,MI48226
    MATTHEW RIZIK CHIEF TAX OFFICER
    1.00     		0 0 0
    1074 WOODWARD AVENUE
    DETROIT,MI48226
    JOYCE KELLER EXECUTIVE DIRECTOR
    24.00     		170,192 0 0
    1074 WOODWARD AVENUE
    DETROIT,MI48226
    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
    YOORI KIM SCIENTIFIC OFFICER
    36.00     		144,981 0 0
    1074 WOODWARD AVENUE
    DETROIT,MI48226
    JAMES GOSS PROJECT MANAGER
    40.00     		53,438 0 0
    1074 WOODWARD AVENUE
    DETROIT,MI48226
    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
    UBS FINANCIAL SERVICES INC INVESTMENT MANAGEMENT 330,458
    299 PARK AVENUE 26TH FLOOR
    NEW YORK,NY10171
    ARNOLD PORTER KAYE SCHOLER LEGAL SERVICES 153,347
    601 MASSACHUSETTS AVE
    WASHINGTON,DC20001
    KR & ASSOCIATES CONSULTING SERVICES 51,042
    411 E BANK ROAD
    BETHANY BEACH,DE19930
    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
    114,141,761
    b
    Average of monthly cash balances.......................
    1b
    6,919,522
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    121,061,283
    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
    121,061,283
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,815,919
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    119,245,364
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,962,268
    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
    5,962,268
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    25,238
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    25,238
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,937,030
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    5,937,030
    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
    5,937,030
    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
    16,388,635
    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
    16,388,635
    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
    16,388,635
    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 5,937,030
    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......  
    b From 2016......  
    c From 2017......  
    d From 2018...... 2,601,908
    e From 2019...... 5,193,231
    fTotal of lines 3a through e........ 7,795,139
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 16,388,635
    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..... 5,937,030
    e Remaining amount distributed out of corpus 10,451,605
    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 18,246,744
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		18,246,744
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 2,601,908
    d Excess from 2019.... 5,193,231
    e Excess from 2020.... 10,451,605
    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
    ALZHEIMER'S ASSOCIATION (MARLENE AND BILL EMERSON)
    25200 TELEGRAPH ROAD SUITE 100
    SOUTHFIELD,MI48033     		N/A PC - PUBLIC CHARITY EDUCATIONAL 75,000
    AMERICAN CANCER SOCIETY (ANDRE HAMEL)
    250 WILLIAMS STREET NW
    ATLANTA,GA30303     		N/A PC - PUBLIC CHARITY GENERAL 250
    AMERICAN HEART ASSOCIATION
    300 S RIVERSIDE PLAZA SUITE 1200
    CHICAGO,IL60606     		N/A PC - PUBLIC CHARITY GENERAL 5,000
    AMERICA'S VET DOGS
    371 JERICHO TURNPIKE
    ST JAMES,NY11780     		N/A PC - PUBLIC CHARITY GENERAL 40,000
    AUTISM ALLIANCE OF MICHIGAN
    26500 AMERICAN DRIVE
    SOUTHFIELD,MI48034     		N/A PC - PUBLIC CHARITY SCIENTIFIC 25,000
    B FOUNDATION
    101 ROCKLAND CIRCLE
    WILMINGTON,DE19803     		N/A PC - PUBLIC CHARITY GENERAL 126,071
    BOSTON CHILDREN'S HOSPITAL
    PO BOX 414413
    BOSTON,MA02241     		N/A PC - PUBLIC CHARITY SCIENTIFIC 655,495
    CHALLENGED ATHLETE'S FOUNDATION
    9591 WAPLES STREET
    SAN DIEGO,CA92121     		N/A PC - PUBLIC CHARITY GENERAL 75,000
    CHILDREN'S FOUNDATION
    3011 WEST GRAND BLVD
    DETROIT,MI48202     		N/A PC - PUBLIC CHARITY SCIENTIFIC 70,355
    CHILDREN'S TUMOR FOUNDATION
    120 WALL STREET 16TH FLOOR
    NEW YORK,NY10005     		BOARD MEMBER PC - PUBLIC CHARITY SCIENTIFIC 11,000
    COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN
    333 W FORT STREET
    DETROIT,MI48226     		N/A PC - PUBLIC CHARITY SCIENTIFIC 3,178,531
    DETROIT PUBLIC SCHOOLS
    3011 W GRAND BLVD FISHER BLDG 9TH
    FLOOR
    DETROIT,MI48202     		N/A PC - PUBLIC CHARITY EDUCATIONAL 850,000
    DETROIT2NEPAL
    2035 BAYOU DR WEST
    BLOOMFIELD,MI48323     		N/A PC - PUBLIC CHARITY GENERAL 5,000
    DUKE UNIVERSITY
    PO BOX 104132
    DURHAM,NC27708     		N/A PC - PUBLIC CHARITY EDUCATIONAL 1,179,588
    EARTHJUSTICE
    50 CALIFORNIA ST STE 500
    SAN FRANCISCO,CA94111     		N/A PC - PUBLIC CHARITY GENERAL 25,000
    EXPERIENCE CAMPS
    PO BOX 5121
    WESTPORT,CT06881     		N/A PC - PUBLIC CHARITY GENERAL 1,000
    FOUNDATION FIGHTING BLINDNESS
    6925 OAKLAND MILLS ROAD 701
    COLUMBIA,MD21045     		N/A PC - PUBLIC CHARITY GENERAL 12,500
    JACKIE ROBINSON FOUNDATION
    75 VARICK STREET 2ND FLOOR
    NEW YORK,NY10013     		N/A PC - PUBLIC CHARITY EDUCATIONAL 20,000
    JDRF
    26 BROADWAY 14TH FLOOR
    NEW YORK,NY10004     		N/A PC - PUBLIC CHARITY SCIENTIFIC 5,000
    JOHNS HOPKINS UNIVERSITY
    12529 COLLECTIONS CENTER DRIVE
    CHICAGO,IL60693     		N/A PC - PUBLIC CHARITY SCIENTIFIC 655,052
    M1 RAIL
    7520 WOODWARD AVE
    DETROIT,MI48202     		N/A PC - PUBLIC CHARITY GENERAL 1,500,000
    MAMBA AND MAMACITA SPORTS FOUNDATION
    1011 RANCHO CONEJO BLVD
    NEWBURY PARK,CA91320     		N/A PC - PUBLIC CHARITY GENERAL 10,000
    MIGHTY CAUSE FOUNDATION
    5500 CHEROKEE AVE STE 550
    ALEXANDRIA,VA22312     		N/A PC - PUBLIC CHARITY GENERAL 43,482
    MILKEN INSTITUTE
    1250 FOURTH STREET 2ND FLOOR
    SANTA MONICA,CA90401     		N/A PC - PUBLIC CHARITY SCIENTIFIC 130,000
    NATIONAL MULTIPLE SCLEROSIS SOCIETY
    29777 TELEGRAPH RD
    SOUTHFIELD,MI48034     		N/A PC - PUBLIC CHARITY SCIENTIFIC 7,500
    NF FORWARD
    1074 WOODWARD AVENUE
    DETROIT,MI48226     		BOARD MEMBER PC - PUBLIC CHARITY GENERAL 1,635,950
    NF FORWARD
    1074 WOODWARD AVENUE
    DETROIT,MI48226     		BOARD MEMBER PC - PUBLIC CHARITY GENERAL 2,500
    NF2 BIOSOLUTIONS
    9 LIAN DR
    WEST CHESTER,PA19382     		N/A PC - PUBLIC CHARITY SCIENTIFIC 500
    ONCOLOGY ASSOCIATION OF NATUROPATHIC PHYSICIANS
    5985 SUNSET ST
    JUNEAU,AK99801     		N/A PC - PUBLIC CHARITY SCIENTIFIC 77,175
    PELATONIA
    450 W BROAD ST
    COLUMBUS,OH43215     		N/A PC - PUBLIC CHARITY GENERAL 10,000
    RECOMBINETICS INC
    1246 UNIVERSITY AVE W STE 301
    SAINT PAUL,MN55104     		N/A PC - PUBLIC CHARITY SCIENTIFIC 410,265
    SAGE BIONETWORKS
    2901 THIRD AVE STE 330
    SEATTLE,WA98121     		N/A PC - PUBLIC CHARITY SCIENTIFIC 41,999
    SKY FOUNDATION
    33 BLOOMFIELD HILLS PARKWAY SUITE
    275
    BLOOMFIELD HILLS,MI48304     		N/A PC - PUBLIC CHARITY SCIENTIFIC 10,000
    SOCIAL IMPACT FUND
    750 WEST 7TH STREET BOX 811026
    LOS ANGELES,CA90081     		N/A PC - PUBLIC CHARITY GENERAL 25,000
    TECHTOWN DETROIT
    440 BURROUGHS STREET
    DETROIT,MI48202     		N/A PC - PUBLIC CHARITY EDUCATIONAL 10,000
    THE SCHEPENS EYE RESEARCH INSTITUTE
    20 STANIFORD STREET
    BOSTON,MA02114     		N/A PC - PUBLIC CHARITY SCIENTIFIC 326,915
    UNITED COMMUNITY HOUSING COALITION
    2727 2ND AVENUE SUITE 313
    DETROIT,MI48201     		N/A PC - PUBLIC CHARITY GENERAL 250,000
    UNITED WAY FOR SOUTHEASTERN MICHIGAN
    3011 W GRAND BLVD SUITE 500
    DETROIT,MI48202     		N/A PC - PUBLIC CHARITY GENERAL 250,000
    UNIVERSITY OF MASSACHUSETTS MEDICAL SCHOOL
    55 LAKE AVE NORTH
    WORCESTER,MA01655     		N/A PC - PUBLIC CHARITY EDUCATIONAL 1,154,432
    WASHINGTON UNIVERSITY
    700 ROSEDALE AVENUE
    ST LOUISE,MO63112     		N/A PC - PUBLIC CHARITY SCIENTIFIC 634,974
    Total .................................bullet 3a 13,545,534
    bApproved for future payment
    BEAUMONT
    3711 WEST THIRTEEN MILE
    ROYAL OAK,MI48073     		N/A PC - PUBLIC CHARITY EDUCATIONAL 300,000
    MICHIGAN STATE UNIVERSITY
    535 CHESTNUT ROAD ROOM 300
    EAST LANSING,MI48824     		N/A PC - PUBLIC CHARITY GENERAL 500,000
    M1 RAIL
    7520 WOODWARD AVE
    DETROIT,MI48202     		N/A PC - PUBLIC CHARITY GENERAL 250,000
    STARFISH FAMILY SERVICES
    30000 HIVELEY RD
    INKSTER,MI48141     		N/A PC - PUBLIC CHARITY GENERAL 15,000
    Total .................................bullet 3b 1,065,000
    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 2,091,151  
    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 -3,530,809  
    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 -1,439,658 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -1,439,658
    (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:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 29,825 14,912   30,000

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    RECOMBINETICS INC
          		1246 UNIVERSITY AVE W STE 301
    SAINT PAUL,MN55104     		2019-01-25 986,287 SCIENTIFIC 646,538   9/3/19, 11/11/19, 2/29/20, 8/31/20, 11/16/20, 12/15/20, 2/26/21, 8/25/20 2021-10-01 APPROVED BY SCIENTIFIC OFFICER

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS - 4401 115,069 115,069
    CORPORATE BONDS - 4402 359,936 359,936
    CORPORATE BONDS - 4403 84,543 84,543
    CORPORATE BONDS - 4407 223,619 223,619
    CORPORATE BONDS - 4409 363,876 363,876
    CORPORATE BONDS - 4413 104,154 104,154
    CORPORATE BONDS - 4418 261,974 261,974
    CORPORATE BONDS - 4420 110,446 110,446
    CORPORATE BONDS - 4421 101,310 101,310
    CORPORATE BONDS - 4422 223,561 223,561
    CORPORATE BONDS - 4429 276,353 276,353
    CORPORATE BONDS - 4432 101,926 101,926
    CORPORATE BONDS - 4434 154,302 154,302
    CORPORATE BONDS - 4438 66,664 66,664
    CORPORATE BONDS - 4447 658,137 658,137
    CORPORATE BONDS - 4457 554,945 554,945
    CORPORATE BONDS - 4460 82,152 82,152
    CORPORATE BONDS - 4461 372,201 372,201
    CORPORATE BONDS - 4463 199,332 199,332
    CORPORATE BONDS - 4464 354,609 354,609
    CORPORATE BONDS - 4472 162,677 162,677
    CORPORATE BONDS - 4477 597,034 597,034
    CORPORATE BONDS - 4478 160,336 160,336
    CORPORATE BONDS - 4479 158,060 158,060
    CORPORATE BONDS - 4480 366,474 366,474
    CORPORATE BONDS - 4482 83,750 83,750
    CORPORATE BONDS - 4487 86,958 86,958
    CORPORATE BONDS - 4488 206,085 206,085
    CORPORATE BONDS - 4489 142,230 142,230
    CORPORATE BONDS - 4495 143,377 143,377
    CORPORATE BONDS - 4498 369,070 369,070
    CORPORATE BONDS - 4506 76,265 76,265
    CORPORATE BONDS - 4507 210,837 210,837
    CORPORATE BONDS - 4512 106,209 106,209
    CORPORATE BONDS - 4518 236,007 236,007
    CORPORATE BONDS - 4519 355,963 355,963
    CORPORATE BONDS - 4528 488,761 488,761
    CORPORATE BONDS - 4529 78,386 78,386
    CORPORATE BONDS - 4532 373,303 373,303
    CORPORATE BONDS - 4534 162,306 162,306
    CORPORATE BONDS - 4536 77,347 77,347
    CORPORATE BONDS - 4537 38,070 38,070
    CORPORATE BONDS - 4538 159,076 159,076
    CORPORATE BONDS - 4539 88,681 88,681
    CORPORATE BONDS - 4543 126,782 126,782
    CORPORATE BONDS - 4546 235,328 235,328
    CORPORATE BONDS - 4547 85,747 85,747
    CORPORATE BONDS - 4550 118,720 118,720
    CORPORATE BONDS - 4551 106,929 106,929
    CORPORATE BONDS - 4553 160,858 160,858
    CORPORATE BONDS - 4555 238,229 238,229
    CORPORATE BONDS-4361 240,317 240,317
    CORPORATE BONDS-4369 113,934 113,934
    CORPORATE BONDS-4556 77,383 77,383
    CORPORATE BONDS-4559 630,139 630,139
    CORPORATE BONDS-4560 83,656 83,656
    CORPORATE BONDS-4561 339,314 339,314
    CORPORATE BONDS-4562 56,216 56,216
    CORPORATE BONDS-4563 124,708 124,708
    CORPORATE BONDS-4564 408,044 408,044
    CORPORATE BONDS-4566 222,454 222,454
    CORPORATE BONDS-4567 119,969 119,969
    CORPORATE BONDS-4568 109,619 109,619
    CORPORATE BONDS-4569 630,609 630,609
    CORPORATE BONDS-4570 434,932 434,932
    CORPORATE BONDS-4571 88,237 88,237
    CORPORATE BONDS-4573 127,971 127,971
    CORPORATE BONDS-4575 81,740 81,740
    CORPORATE BONDS-4576 94,217 94,217
    CORPORATE BONDS-4577 82,922 82,922
    CORPORATE BONDS-4579 91,605 91,605
    CORPORATE BONDS-4580 764,360 764,360
    CORPORATE BONDS-4581 82,727 82,727
    CORPORATE BONDS-4582 93,890 93,890
    CORPORATE BONDS-4554 400,010 400,010
    CORPORATE BONDS-4583 394,302 394,302
    CORPORATE BONDS-4584 38,618 38,618
    CORPORATE BONDS-4585 176,553 176,553
    CORPORATE BONDS-4586 110,294 110,294
    CORPORATE BONDS-4587 82,753 82,753
    CORPORATE BONDS-4588 127,811 127,811
    CORPORATE BONDS-4589 45,364 45,364
    CORPORATE BONDS-4590 34,840 34,840
    CORPORATE BONDS-4591 198,423 198,423
    CORPORATE BONDS-4592 346,545 346,545
    CORPORATE BONDS-4593 382,203 382,203
    CORPORATE BONDS-4594 266,785 266,785
    CORPORATE BONDS-4595 387,377 387,377
    CORPORATE BONDS-4596 279,676 279,676
    CORPORATE BONDS-4597 397,161 397,161
    CORPORATE BONDS-4598 124,610 124,610
    CORPORATE BONDS-4599 169,626 169,626
    CORPORATE BONDS-4600 87,560 87,560
    CORPORATE BONDS-4601 88,848 88,848
    CORPORATE BONDS-4602 110,689 110,689
    CORPORATE BONDS-4603 132,317 132,317
    CORPORATE BONDS-4604 90,355 90,355
    CORPORATE BONDS-4605 122,772 122,772
    CORPORATE BONDS-4606 226,168 226,168
    CORPORATE BONDS-4607 442,302 442,302
    CORPORATE BONDS-4608 109,742 109,742
    CORPORATE BONDS-4609 60,109 60,109
    CORPORATE BONDS-4610 767,044 767,044
    CORPORATE BONDS-4611 340,044 340,044
    CORPORATE BONDS-4612 306,757 306,757
    CORPORATE BONDS-4613 134,363 134,363
    CORPORATE BONDS-4614 83,655 83,655
    CORPORATE BONDS-4615 314,899 314,899

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MUTUAL FUNDS - 1103 34,924,059 34,924,059
    MUTUAL FUNDS - 1105 6,228,975 6,228,975
    MUTUAL FUNDS - 1107 6,467,840 6,467,840
    MUTUAL FUNDS - 1109 11,739,927 11,739,927

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    US Government Securities - End of Year Book Value:

    8,071,405
    US Government Securities - End of Year Fair Market Value:

    8,071,405
    State & Local Government Securities - End of Year Book Value:


    1,392,757
    State & Local Government Securities - End of Year Fair Market Value:


    1,392,757


    TY 2020 InvestmentsOtherSchedule2
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALTERNATIVE INVESTMENT FMV 13,821,349 13,821,349
    ASSET BACKED SECURITIES-6613 FMV 224,685 224,685
    ASSET BACKED SECURITIES-6614 FMV 70,813 70,813
    ASSET BACKED SECURITIES-6615 FMV 18,391 18,391
    ASSET BACKED SECURITIES-6616 FMV 38,971 38,971
    ASSET BACKED SECURITIES-6617 FMV 138,004 138,004
    ASSET BACKED SECURITIES-6618 FMV 285,550 285,550
    ASSET BACKED SECURITIES-6619 FMV 87,559 87,559
    ASSET BACKED SECURITIES-6620 FMV 63,025 63,025
    ASSET BACKED SECURITIES-6621 FMV 36,286 36,286
    ASSET BACKED SECURITIES-6622 FMV 72,024 72,024
    ASSET BACKED SECURITIES-6623 FMV 96,121 96,121
    ASSET BACKED SECURITIES-6624 FMV 126,150 126,150
    ASSET BACKED SECURITIES-6625 FMV 110,053 110,053
    ASSET BACKED SECURITIES-6626 FMV 102,352 102,352

    TY 2020 LegalFeesSchedule
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL EXPENSE 168,611 0   158,002


    TY 2020 OtherExpensesSchedule
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSES 4,385 0   6,090
    INSURANCE 20,962 0   17,737
    RECRUITING/ RELOCATION 10,737 0   11,751
    SUBSCRIPTIONS 14,029 0   15,833
    MEETING EXPENSE 27,500 0   15,000
    SOFTWARE AND LICENSING 2,922 0   0
    PROFESSIONAL DEVELOPMENT 2,141 0   1,886


    TY 2020 OtherIncreasesSchedule
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    Description Amount
    UNREALIZED GAIN 13,022,504


    TY 2020 OtherLiabilitiesSchedule
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    Description Beginning of Year - Book Value End of Year - Book Value
    ACCRUED WAGES 11,909 0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING EXPENSE 233,866 0   251,082
    BROKERAGE/CUSTODY FEE 330,458 330,458   330,458


    TY 2020 TaxesSchedule
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAXES 20,000 0   0
    FOREIGN TAX ON INVESTMENTS 1,355 1,355   0