TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2020

Open to Public Inspection

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

Name of foundation
THE SIMPSON FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118

A Employer identification number

57-6017451

B Telephone number (see instructions)

(888) 730-4933

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$36,556,060J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	437,941		434,273
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,143,814
b	Gross sales price for all assets on line 6a 11,358,075
7	Capital gain net income (from Part IV, line 2)...			1,143,814
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		61,995	61,995
12	Total. Add lines 1 through 11........	1,643,750		1,640,082
13	Compensation of officers, directors, trustees, etc.	97,131		71,305		25,826
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........		50,154	0	0	50,154
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		99,554	99,554		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		12,518	12,518		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		47,659	47,609		50
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	307,016		230,986	0	76,030
25	Contributions, gifts, grants paid.......	6,707,266				6,707,266
26	Total expenses and disbursements. Add lines 24 and 25	7,014,282		230,986	0	6,783,296
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-5,370,532
b	Net investment income (if negative, enter -0-)			1,409,096
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	2,139
	2	Savings and temporary cash investments.........	666,310	717,753	717,753
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......		12,982,758	22,925,793
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	28,219,099	9,626,061	12,912,514
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	28,887,548	23,326,572	36,556,060
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	28,887,548	23,326,572
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	28,887,548	23,326,572
	30	Total liabilities and net assets/fund balances (see instructions).	28,887,548	23,326,572

Part III

Analysis of Changes in Net Assets or Fund Balances

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

28,887,548

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

-5,370,532

Other increases not included in line 2 (itemize) bullet

535

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

23,517,551

Decreases not included in line 2 (itemize) bullet

190,979

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

23,326,572

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	1469. FUCHS PETROLUB SE-PREF ADR			2020-01-13
b	163. EQUINIX INC			2020-01-23
c	104. BOOKING HOLDINGS INC			2020-02-04
d	482. ILLINOIS TOOL WORKS INC			2020-02-07
e	341. S&P GLOBAL INC		2015-12-30	2020-02-07
	3522. OCCIDENTAL PETE CORP			2020-03-06
	1179. OCCIDENTAL PETE CORP		2019-11-13	2020-03-06
	276. TAIWAN SEMICONDUCTOR MANUFACTU - ADR			2020-03-10
	147. CORE LABORATORIES N V COM		2017-06-28	2020-03-11
	3207. ROYAL DUTCH SHELL PLC ADR			2020-03-12
	261. WABCO HOLDINGS INC			2020-03-13
	194. CHECK POINT SOFTWARE TECH COM			2020-03-18
	640. DENTSU GROUP INC - UNSPD ADR		2019-01-07	2020-03-19
	473. DENTSU GROUP INC - UNSPD ADR			2020-03-19
	968. HSBC - ADR			2020-03-19
	1416. HSBC - ADR		2019-11-15	2020-03-19
	236. NESTLE S.A. REGISTERED SHARES - ADR			2020-03-20
	796. JM SMUCKER CO			2020-03-24
	150. ADOBE SYS INC		2019-09-23	2020-03-27
	72. NETFLIX.COM INC		2019-08-02	2020-03-27
	56. NETFLIX.COM INC		2018-06-22	2020-03-27
	268. NVIDIA CORP			2020-03-27
	214. AFLAC INC		2018-06-21	2020-03-30
	113. ABBOTT LABS		2017-02-16	2020-03-30
	112. ALTRIA GROUP INC		2018-03-07	2020-03-30
	176. AMERISOURCEBERGEN CORP		2018-01-18	2020-03-30
	82. AMGEN INC		2018-06-21	2020-03-30
	112. CVS HEALTH CORPORATION		2016-09-21	2020-03-30
	6. CHEVRON CORP		2018-06-26	2020-03-30
	390. CONAGRA FOODS INC		2018-06-21	2020-03-30
	82. DOLLAR GENERAL CORP		2018-06-21	2020-03-30
	41. GLOBAL PMTS INC W/I		2019-01-09	2020-03-30
	52. GRAINGER W W INC		2018-06-21	2020-03-30
	9. ILLINOIS TOOL WORKS INC		2017-02-16	2020-03-30
	108. JOHNSON & JOHNSON		2017-10-19	2020-03-30
	404. KROGER CO		2017-02-16	2020-03-30
	145. MARSH & MCLENNAN COS INC		2018-01-24	2020-03-30
	191. MERCK & CO INC NEW			2020-03-30
	225. MICROCHIP TECHNOLOGY INC COM		2018-06-21	2020-03-30
	80. OMNICOM GROUP		2017-02-16	2020-03-30
	152. PHILIP MORRIS INTERNATIONAL IN		2017-06-12	2020-03-30
	15. ROSS STORES INC		2020-03-10	2020-03-30
	24. STANLEY BLACK & DECKERINC.		2019-08-19	2020-03-30
	210. STATE STREET CORP		2018-06-21	2020-03-30
	14. 3M CO		2017-07-27	2020-03-30
	33. UNILEVER N.V. - ADR		2019-08-19	2020-03-30
	55. UNITEDHEALTH GROUP INC		2018-06-21	2020-03-30
	92. CHUGAI PHARMACEUTIC-UNSP ADR			2020-04-06
	575. ISHARES CORE S & P 500 ETF		2018-06-22	2020-04-06
	772. ROCHE HOLDINGS LTD - ADR			2020-04-06
	1064. SASOL LIMITED - ADR			2020-04-06
	961. SCHLUMBERGER LTD			2020-04-06
	426. SCHLUMBERGER LTD		2019-07-09	2020-04-06
	120. LINDE PLC			2020-04-06
	464. DOLLAR GENERAL CORP			2020-04-07
	.5 OLD DOMINION FREIGHT LINES INC		2017-06-28	2020-04-15
	34310.667 OAKMARK INTERNATIONAL-INST #2886			2020-04-20
	1760. ISHARES CORE S & P 500 ETF		2018-06-22	2020-04-20
	650. ISHARES CORE S&P MIDCAP ETF		2019-07-18	2020-04-20
	65.99969 AFLAC INC		2018-06-21	2020-04-21
	703.00031 AFLAC INC		2018-06-21	2020-04-21
	598. AIA GROUP LTD-SP ADR		2020-03-19	2020-04-21
	632. AIA GROUP LTD-SP ADR			2020-04-21
	396. ABBOTT LABS		2017-02-16	2020-04-21
	151. ADIDAS-AG ADR			2020-04-21
	146. ADOBE SYS INC		2018-09-18	2020-04-21
	53. ADOBE SYS INC		2019-09-23	2020-04-21
	1422. ADYEN NV-UNSPON ADR		2020-03-19	2020-04-21
	280. AIR LIQUIDE - ADR		2009-06-09	2020-04-21
	450. ALFA LAVAL AB-UNSPON ADR			2020-04-21
	163. ALIGN TECHNOLOGY INC			2020-04-21
	24. ALIGN TECHNOLOGY INC		2019-05-02	2020-04-21
	1522. ALLIANZ SE - UNSP ADR			2020-04-21
	52.00004 ALPHABET INC CL A		2018-07-27	2020-04-21
	.99996 ALPHABET INC CL A		2018-07-27	2020-04-21
	59.99994 ALTRIA GROUP INC		2018-03-07	2020-04-21
	711.00006 ALTRIA GROUP INC		2018-03-07	2020-04-21
	191. AMADEUS IT GROUP S.A. ADR		2019-07-15	2020-04-21
	4. AMAZON COM INC COM		2010-07-29	2020-04-21
	26. AMAZON COM INC COM		2020-03-27	2020-04-21
	7295. AMBEV SA-SPN ADR		2019-02-13	2020-04-21
	333. AMERICAN TOWER CORP		2018-10-11	2020-04-21
	404.99973 AMERISOURCEBERGEN CORP			2020-04-21
	31.00027 AMERISOURCEBERGEN CORP		2018-01-18	2020-04-21
	277. AMGEN INC		2018-06-21	2020-04-21
	88. APTARGROUP INC COM		2017-06-28	2020-04-21
	348. ARTISAN PARTNERS ASSET MANAGEM		2017-06-28	2020-04-21
	283. ASPEN TECHNOLOGY INC COM		2017-06-28	2020-04-21
	877. ATLAS COPCO AB ADR			2020-04-21
	19. ATRION CORP			2020-04-21
	511. AUTOHOME INC-ADR		2017-06-28	2020-04-21
	174.99995 BAIDU INC ADR			2020-04-21
	68.00005 BAIDU INC ADR		2018-11-16	2020-04-21
	4517. BANCO BILBAO VIZCAYA ARGENT- ADR			2020-04-21
	388. CDW CORP/DE		2017-06-28	2020-04-21
	376. CME GROUP INC		2017-02-02	2020-04-21
	58.00016 CVS HEALTH CORPORATION		2016-09-21	2020-04-21
	721.99984 CVS HEALTH CORPORATION			2020-04-21
	268. CANADIAN NATL RR CO COM			2020-04-21
	32.0001 CHEVRON CORP			2020-04-21
	359.9999 CHEVRON CORP			2020-04-21
	277. DPS CHINA MOBILE LIMITED ADR		2019-03-11	2020-04-21
	103. CHUGAI PHARMACEUTIC-UNSP ADR		2019-02-07	2020-04-21
	346. COCA COLA CO		2020-03-24	2020-04-21
	166.00136 CONAGRA FOODS INC		2018-06-21	2020-04-21
	903.99864 CONAGRA FOODS INC		2018-06-21	2020-04-21
	525. DBS GROUP HOLDINGS LIMITED - ADR			2020-04-21
	52. DASSAULT SYSTEMES S.A. - ADR		2019-03-12	2020-04-21
	134. DASSAULT SYSTEMES S.A. - ADR			2020-04-21
	141. DIAGEO PLC - ADR			2020-04-21
	258. DOLLAR GENERAL CORP		2017-02-16	2020-04-21
	222. DONALDSON CO INC		2017-06-28	2020-04-21
	359. DRIL-QUIP INC COM		2017-06-28	2020-04-21
	221. ECOLAB INC			2020-04-21
	737. EPIROC AB-UNSP ADR		2019-03-11	2020-04-21
	98. EQUINIX INC			2020-04-21
	376. FACEBOOK INC		2019-04-01	2020-04-21
	82. FACTSET RESH SYS INC COM		2017-06-28	2020-04-21
	367. FANUC CORPORATION ADR		2009-06-09	2020-04-21
	1062. FIRST HAWAIIAN INC			2020-04-21
	197. FOMENTO ECONOMICO MEX-SP ADR		2019-03-29	2020-04-21
	506. FUCHS PETROLUB SE-PREF ADR			2020-04-21
	147. GLOBAL PMTS INC W/I		2019-01-09	2020-04-21
	546. GRACO INC			2020-04-21
	8.00004 GRAINGER W W INC		2018-06-21	2020-04-21
	109.99996 GRAINGER W W INC		2018-06-21	2020-04-21
	157. HDFC BANK LTD. - ADR			2020-04-21
	103. HENRY JACK & ASSOC INC COM		2017-06-28	2020-04-21
	792. ICICI BANK LTD. - ADR			2020-04-21
	135. ILLINOIS TOOL WORKS INC		2017-02-16	2020-04-21
	51. ILLUMINA INC		2016-12-01	2020-04-21
	133. ILLUMINA INC		2019-07-16	2020-04-21
	2352. INFINEON TECHNOLOGIES AG - ADR			2020-04-21
	273. INTUIT COM			2020-04-21
	58.00091 INTUITIVE SURGICAL INC			2020-04-21
	54.99909 INTUITIVE SURGICAL INC		2019-09-05	2020-04-21
	1726. ITAU UNIBANCO H-SPON PRF ADR			2020-04-21
	328. JOHNSON & JOHNSON			2020-04-21
	722. KOMATSU LIMITED - ADR			2020-04-21
	1500.00086 KROGER CO			2020-04-21
	127.99914 KROGER CO		2017-02-16	2020-04-21
	237. KUBOTA LIMITED - ADR			2020-04-21
	548. L'OREAL - ADR			2020-04-21
	225. ESTEE LAUDER COMPANIES INC		2019-02-08	2020-04-21
	588. LONZA GROUP AG ADR			2020-04-21
	294.99934 LOWES COS INC		2018-06-21	2020-04-21
	209.00066 LOWES COS INC		2018-06-21	2020-04-21
	282. MANHATTAN ASSOCIATES, INC COM		2020-03-16	2020-04-21
	85. MARKETAXESS HLDGS INC		2017-06-28	2020-04-21
	495. MARSH & MCLENNAN COS INC			2020-04-21
	532. MERCK & CO INC NEW			2020-04-21
	15.9998 MICROSOFT CORP		2020-02-07	2020-04-21
	232.0002 MICROSOFT CORP		2020-02-07	2020-04-21
	352.9998 MICROCHIP TECHNOLOGY INC COM		2018-06-21	2020-04-21
	32.0002 MICROCHIP TECHNOLOGY INC COM		2018-06-21	2020-04-21
	502. MOELIS & CO			2020-04-21
	367. NESTLE S.A. REGISTERED SHARES - ADR			2020-04-21
	64. NETFLIX.COM INC		2016-08-19	2020-04-21
	39. NETFLIX.COM INC		2019-08-02	2020-04-21
	696. NIKE INC CL B			2020-04-21
	841. NITORI HLDGS CO LTD-UNSP ADR		2020-03-02	2020-04-21
	225. NOVOZYMES A/S UNSPONS ADR		2018-03-22	2020-04-21
	252. NVIDIA CORP		2018-11-28	2020-04-21
	294. OLD DOMINION FREIGHT LINES INC		2017-06-28	2020-04-21
	282. OMNICOM GROUP		2019-11-13	2020-04-21
	48.99987 OMNICOM GROUP		2017-02-16	2020-04-21
	262.00013 OMNICOM GROUP		2017-02-16	2020-04-21
	200. LUKOIL PJSC-SPON ADR		2019-07-10	2020-04-21
	645. PAYPAL HOLDINGS INC			2020-04-21
	34.00002 PHILIP MORRIS INTERNATIONAL IN		2017-06-12	2020-04-21
	424.99998 PHILIP MORRIS INTERNATIONAL IN			2020-04-21
	610. PING AN INSURANCE-ADR		2019-03-11	2020-04-21
	145. POOL CORPORATION			2020-04-21
	215. PRICESMART INC		2017-06-28	2020-04-21
	293. PRIMERICA INC		2017-06-28	2020-04-21
	168.99855 RLI CORP COM			2020-04-21
	26.00145 RLI CORP COM		2020-04-02	2020-04-21
	112. RBC BEARINGS INC		2017-06-28	2020-04-21
	2296. RIGHTMOVE PLC-UNSP ADR			2020-04-21
	440. RIO TINTO PLC - ADR		2019-04-08	2020-04-21
	1024. ROCHE HOLDINGS LTD - ADR			2020-04-21
	193.00101 ROSS STORES INC		2018-11-30	2020-04-21
	36.99899 ROSS STORES INC		2018-11-30	2020-04-21
	281. ROSS STORES INC		2020-03-10	2020-04-21
	527. ROYAL DUTCH SHELL PLC ADR			2020-04-21
	177. S&P GLOBAL INC		2015-12-30	2020-04-21
	347. SAP SE			2020-04-21
	871. SCHNEIDER ELECTRIC SE - ADR		2019-11-12	2020-04-21
	452. SGS SA ADR		2019-04-01	2020-04-21
	731. SHIONOGI & CO LTD-UNSPON ADR		2020-02-07	2020-04-21
	297. SIMPSON MFG INC COM			2020-04-21
	255. JM SMUCKER CO		2017-07-21	2020-04-21
	265.99932 SNAP INC		2020-02-04	2020-04-21
	1856.00068 SNAP INC		2020-02-04	2020-04-21
	401. SONOVA HOLDIN-UNSPON ADR			2020-04-21
	16.00007 STANLEY BLACK & DECKERINC.		2019-08-19	2020-04-21
	154.99993 STANLEY BLACK & DECKERINC.		2019-08-19	2020-04-21
	53.00002 STATE STREET CORP		2018-06-21	2020-04-21
	619.99998 STATE STREET CORP		2018-06-21	2020-04-21
	839. SYMRISE AG ADR			2020-04-21
	293. SYSCO CORP		2020-03-18	2020-04-21
	321. SYSMEX CORP-UNSPON ADR			2020-04-21
	866. TAIWAN SEMICONDUCTOR MANUFACTU - ADR			2020-04-21
	151. TELEDYNE TECHNOLOGIES INC		2017-06-28	2020-04-21
	331. TENCENT HOLDINGS LTD-UNS ADR			2020-04-21
	15.00006 3M CO			2020-04-21
	179.99994 3M CO			2020-04-21
	21. TORO CO		2017-06-28	2020-04-21
	341. TORO CO			2020-04-21
	3417. UNI CHARM CORPORATION ADR		2019-12-19	2020-04-21
	71. UNILEVER PLC - ADR		2017-07-05	2020-04-21
	291. UNILEVER PLC - ADR		2020-03-20	2020-04-21
	612.00009 UNILEVER N.V. - ADR		2019-08-19	2020-04-21
	47.99991 UNILEVER N.V. - ADR			2020-04-21
	219. UNITEDHEALTH GROUP INC		2018-06-21	2020-04-21
	437. VISA INC-CLASS A SHRS		2011-01-27	2020-04-21
	229. WABCO HOLDINGS INC		2017-06-28	2020-04-21
	828. IHS MARKIT LTD			2020-04-21
	90. LINDE PLC		2018-11-15	2020-04-21
	248. CHECK POINT SOFTWARE TECH COM			2020-04-21
	251. YANDEX NV-A			2020-04-21
	4. APTARGROUP INC COM		2017-06-28	2020-04-22
	17. ARTISAN PARTNERS ASSET MANAGEM		2017-06-28	2020-04-22
	12. ASPEN TECHNOLOGY INC COM		2017-06-28	2020-04-22
	1. ATRION CORP		2019-02-05	2020-04-22
	23. AUTOHOME INC-ADR		2017-06-28	2020-04-22
	16. CDW CORP/DE		2017-06-28	2020-04-22
	10. DONALDSON CO INC		2017-06-28	2020-04-22
	17. DRIL-QUIP INC COM		2017-06-28	2020-04-22
	4. FACTSET RESH SYS INC COM		2017-06-28	2020-04-22
	48. FIRST HAWAIIAN INC		2019-12-06	2020-04-22
	23. GRACO INC		2017-06-28	2020-04-22
	4. HENRY JACK & ASSOC INC COM		2017-06-28	2020-04-22
	12. MANHATTAN ASSOCIATES, INC COM		2020-03-16	2020-04-22
	4. MARKETAXESS HLDGS INC		2017-06-28	2020-04-22
	23. MOELIS & CO		2018-03-13	2020-04-22
	13. OLD DOMINION FREIGHT LINES INC		2017-06-28	2020-04-22
	6. POOL CORPORATION		2017-06-28	2020-04-22
	9. PRICESMART INC		2017-06-28	2020-04-22
	12. PRIMERICA INC		2017-06-28	2020-04-22
	9. RLI CORP COM		2020-03-15	2020-04-22
	5. RBC BEARINGS INC		2017-06-28	2020-04-22
	100. RIGHTMOVE PLC-UNSP ADR		2017-11-30	2020-04-22
	13. SIMPSON MFG INC COM		2019-09-20	2020-04-22
	7. TELEDYNE TECHNOLOGIES INC		2017-06-28	2020-04-22
	16. TORO CO		2017-06-28	2020-04-22
	644. ABBOTT LABS		2017-02-16	2020-04-24
	27397.26 TORTOISE MLP & PIPELINE-INS		2019-01-09	2020-05-05
	815. ISHARES CORE S & P 500 ETF		2018-06-22	2020-05-07
	615. ISHARES CORE S&P MIDCAP ETF		2019-07-18	2020-05-07
	310. CANADIAN NATL RR CO COM			2020-05-12
	337. NESTLE S.A. REGISTERED SHARES - ADR			2020-05-12
	377. PAYPAL HOLDINGS INC			2020-05-13
	24. MARKETAXESS HLDGS INC		2017-06-28	2020-05-20
	26. MARKETAXESS HLDGS INC		2017-06-28	2020-05-21
	120. OLD DOMINION FREIGHT LINES INC		2017-06-28	2020-05-21
	100. OLD DOMINION FREIGHT LINES INC		2017-06-28	2020-05-22
	553. BAIDU INC ADR			2020-06-04
	553. AMADEUS IT GROUP S.A. ADR		2019-07-15	2020-06-05
	183. DOLLAR GENERAL CORP		2017-02-16	2020-06-08
	18. DOLLAR GENERAL CORP		2020-05-07	2020-06-08
	37. MARSH & MCLENNAN COS INC		2020-05-07	2020-06-08
	301. MARSH & MCLENNAN COS INC			2020-06-08
	304. LOWES COS INC			2020-06-11
	618. ICICI BANK LTD. - ADR		2016-12-08	2020-06-15
	304. INFINEON TECHNOLOGIES AG - ADR			2020-06-15
	43. SAP SE			2020-06-15
	210. ISHARES CORE S & P 500 ETF		2018-06-22	2020-06-17
	360. ISHARES CORE S&P MIDCAP ETF		2019-07-18	2020-06-17
	258. AMGEN INC		2018-06-21	2020-07-06
	21. AMGEN INC		2020-05-07	2020-07-06
	557. SNAP INC		2016-05-06	2020-07-06
	98. UNITEDHEALTH GROUP INC			2020-07-06
	18. UNITEDHEALTH GROUP INC			2020-07-06
	.3003 SONOVA HOLDIN-UNSPON ADR		2016-04-13	2020-07-10
	1. AMAZON COM INC COM		2020-05-07	2020-07-13
	17. AMAZON COM INC COM		2010-07-29	2020-07-13
	115. NVIDIA CORP			2020-07-13
	13. NVIDIA CORP		2020-05-07	2020-07-13
	342. PAYPAL HOLDINGS INC		2016-02-05	2020-07-13
	261. SNAP INC		2016-05-06	2020-07-28
	300. TAIWAN SEMICONDUCTOR MANUFACTU - ADR			2020-07-28
	278. TAIWAN SEMICONDUCTOR MANUFACTU - ADR		2012-07-31	2020-08-04
	3130. OMNICOM GROUP			2020-08-07
	395. OMNICOM GROUP		2019-11-13	2020-08-07
	799. ILLINOIS TOOL WORKS INC			2020-08-17
	11. ILLINOIS TOOL WORKS INC		2020-05-07	2020-08-17
	340. LOWES COS INC		2018-06-21	2020-08-17
	137. OLD DOMINION FREIGHT LINES INC		2017-06-28	2020-08-18
	1595. ISHARES CORE S & P 500 ETF		2018-06-22	2020-08-25
	960. ISHARES CORE S&P MIDCAP ETF		2019-07-18	2020-08-25
	1732. ABBOTT LABS			2020-08-27
	26. ABBOTT LABS		2020-05-07	2020-08-27
	30. OLD DOMINION FREIGHT LINES INC		2017-06-28	2020-09-02
	73. ALPHABET INC CL A			2020-09-09
	20. FACEBOOK INC		2019-04-01	2020-09-09
	200. FACEBOOK INC			2020-09-09
	10. MARKETAXESS HLDGS INC		2017-06-28	2020-09-15
	43. MARKETAXESS HLDGS INC		2017-06-28	2020-09-16
	4. ADOBE SYS INC		2020-05-07	2020-09-17
	89. ADOBE SYS INC		2018-09-18	2020-09-17
	54. NVIDIA CORP		2016-09-16	2020-09-17
	53. ALPHABET INC CL A			2020-09-21
	592. INFINEON TECHNOLOGIES AG - ADR		2018-12-14	2020-09-21
	593. NIKE INC CL B		2016-06-30	2020-09-21
	80. NIKE INC CL B		2020-05-07	2020-09-21
	409. YANDEX NV-A		2018-10-22	2020-10-08
	1346. ECOLAB INC			2020-10-20
	30. ECOLAB INC		2020-05-07	2020-10-20
	319. LOWES COS INC		2018-06-21	2020-10-22
	216. ALPHABET INC CL A			2020-10-26
	2286. SNAP INC			2020-10-28
	136. UNITEDHEALTH GROUP INC		2019-08-19	2020-11-05
	548. 3M CO		2020-02-07	2020-11-10
	607. 3M CO			2020-11-10
	729. ISHARES CORE S & P 500 ETF		2018-06-22	2020-11-16
	304. ISHARES CORE S&P MIDCAP ETF		2019-07-18	2020-11-16
	588. SYSCO CORP		2020-08-18	2020-11-17
	85. ALIGN TECHNOLOGY INC			2020-11-18
	176. CDW CORP/DE		2017-06-28	2020-12-04
	63. CDW CORP/DE		2017-06-28	2020-12-07
	475. INFINEON TECHNOLOGIES AG - ADR		2018-12-14	2020-12-07
	231. CDW CORP/DE		2017-06-28	2020-12-08
	463. MICROCHIP TECHNOLOGY INC COM			2020-12-15
	960. DPS CHINA MOBILE LIMITED ADR		2019-03-11	2020-12-21
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	18,472	17,957	515
b	96,968	63,078	33,890
c	195,338	107,901	87,437
d	88,520	63,058	25,462
e	101,033	34,249	66,784
	97,032	267,155	-170,123
	32,482	45,020	-12,538
	15,033	10,055	4,978
	1,681	14,775	-13,094
	94,715	174,405	-79,690
	34,862	33,561	1,301
	17,957	22,834	-4,877
	11,540	28,760	-17,220
	8,528	16,944	-8,416
	28,254	40,852	-12,598
	41,331	52,212	-10,881
	23,759	21,210	2,549
	81,111	108,987	-27,876
	46,167	41,700	4,467
	26,196	22,601	3,595
	20,375	23,280	-2,905
	69,414	46,596	22,818
	7,423	9,534	-2,111
	8,993	4,982	4,011
	4,108	7,242	-3,134
	14,993	17,625	-2,632
	16,869	15,220	1,649
	6,561	10,003	-3,442
	408	743	-335
	10,994	15,048	-4,054
	12,187	8,080	4,107
	5,879	4,482	1,397
	12,843	16,261	-3,418
	1,286	1,167	119
	14,029	15,317	-1,288
	12,011	13,777	-1,766
	12,436	12,079	357
	14,176	12,194	1,982
	15,403	22,310	-6,907
	4,119	6,850	-2,731
	10,745	18,096	-7,351
	1,237	1,478	-241
	2,310	3,270	-960
	10,099	20,634	-10,535
	1,851	2,791	-940
	1,569	1,987	-418
	13,588	13,882	-294
	21,584	12,405	9,179
	150,216	160,215	-9,999
	32,098	25,311	6,787
	2,603	34,906	-32,303
	14,581	59,703	-45,122
	6,464	17,014	-10,550
	20,873	19,517	1,356
	78,511	44,825	33,686
	66	32	34
	550,000	912,436	-362,436
	500,586	490,398	10,188
	99,511	125,954	-26,443
	2,287	2,940	-653
	24,358	31,320	-6,962
	21,456	19,098	2,358
	22,676	11,768	10,908
	38,039	17,461	20,578
	17,359	17,837	-478
	48,966	39,888	9,078
	17,775	14,734	3,041
	26,406	21,354	5,052
	7,042	3,322	3,720
	7,326	9,033	-1,707
	31,320	52,491	-21,171
	4,611	7,935	-3,324
	26,650	31,770	-5,120
	63,979	66,349	-2,370
	1,230	1,276	-46
	2,295	3,880	-1,585
	27,195	45,974	-18,779
	8,983	15,581	-6,598
	9,512	470	9,042
	61,826	49,920	11,906
	16,195	35,525	-19,330
	80,644	47,036	33,608
	35,716	39,445	-3,729
	2,734	3,104	-370
	64,817	51,415	13,402
	9,261	7,674	1,587
	7,662	8,748	-1,086
	25,813	15,865	9,948
	29,142	22,115	7,027
	11,969	15,076	-3,107
	38,554	22,964	15,590
	17,722	33,713	-15,991
	6,886	12,755	-5,869
	11,902	41,293	-29,391
	38,464	24,616	13,848
	67,784	45,774	22,010
	3,539	5,180	-1,641
	44,048	59,645	-15,597
	20,469	16,081	4,388
	2,548	4,002	-1,454
	28,663	44,450	-15,787
	10,576	14,625	-4,049
	24,573	12,983	11,590
	15,476	13,951	1,525
	5,646	6,405	-759
	30,749	34,880	-4,131
	27,058	35,826	-8,768
	7,401	7,623	-222
	19,072	21,563	-2,491
	18,263	22,009	-3,746
	45,804	19,636	26,168
	8,891	10,115	-1,224
	10,542	17,634	-7,092
	37,772	26,137	11,635
	6,869	7,251	-382
	64,456	37,623	26,833
	64,986	63,140	1,846
	21,975	13,829	8,146
	4,900	3,048	1,852
	17,117	30,973	-13,856
	11,049	18,195	-7,146
	4,918	5,977	-1,059
	21,220	16,070	5,150
	24,090	21,102	2,988
	2,152	2,502	-350
	29,595	34,399	-4,804
	6,104	7,424	-1,320
	16,331	10,835	5,496
	6,645	7,852	-1,207
	20,344	17,508	2,836
	15,893	6,621	9,272
	41,446	40,209	1,237
	38,760	55,344	-16,584
	70,628	77,067	-6,439
	29,209	28,634	575
	27,697	27,960	-263
	6,973	20,683	-13,710
	49,094	45,694	3,400
	12,616	17,791	-5,175
	47,945	43,732	4,213
	4,091	4,365	-274
	13,371	18,793	-5,422
	29,352	22,750	6,602
	37,068	34,392	2,676
	25,329	15,710	9,619
	27,077	29,220	-2,143
	19,184	20,702	-1,518
	14,714	14,808	-94
	34,943	17,131	17,812
	46,064	40,945	5,119
	43,586	33,571	10,015
	2,737	2,966	-229
	39,690	43,005	-3,315
	26,954	35,001	-8,047
	2,443	3,173	-730
	14,844	23,033	-8,189
	39,591	28,067	11,524
	28,162	6,153	22,009
	17,161	12,242	4,919
	60,036	50,009	10,027
	12,085	11,688	397
	10,487	11,664	-1,177
	70,684	39,830	30,854
	37,120	18,687	18,433
	14,617	22,005	-7,388
	2,540	4,196	-1,656
	13,580	22,435	-8,855
	11,556	16,894	-5,338
	72,235	35,346	36,889
	2,554	4,048	-1,494
	31,926	50,199	-18,273
	12,082	12,654	-572
	26,643	17,411	9,232
	13,173	18,508	-5,335
	27,016	22,230	4,786
	13,686	14,176	-490
	2,106	2,192	-86
	13,144	11,446	1,698
	25,829	27,015	-1,186
	19,652	27,359	-7,707
	44,348	32,687	11,661
	16,221	16,889	-668
	3,110	3,238	-128
	23,618	27,687	-4,069
	16,911	26,126	-9,215
	48,321	17,777	30,544
	40,296	38,842	1,454
	15,495	16,851	-1,356
	10,373	11,293	-920
	9,013	11,186	-2,173
	17,342	20,382	-3,040
	31,800	30,053	1,747
	3,449	5,039	-1,590
	24,062	35,162	-11,100
	14,424	13,522	902
	1,687	2,180	-493
	16,347	21,121	-4,774
	3,000	5,208	-2,208
	35,097	60,919	-25,822
	21,486	17,264	4,222
	14,166	8,496	5,670
	10,435	7,350	3,085
	44,373	17,259	27,114
	45,749	18,976	26,773
	16,940	14,719	2,221
	2,123	2,991	-868
	25,480	35,351	-9,871
	1,272	1,474	-202
	20,653	24,637	-3,984
	24,984	23,391	1,593
	3,753	3,814	-61
	15,382	14,438	944
	30,899	36,841	-5,942
	2,423	3,042	-619
	60,804	55,276	5,528
	70,736	7,746	62,990
	30,842	28,907	1,935
	52,848	34,646	18,202
	16,254	14,017	2,237
	25,377	25,624	-247
	8,526	7,342	1,184
	424	349	75
	386	427	-41
	1,136	673	463
	631	784	-153
	1,743	1,034	709
	1,629	1,015	614
	409	456	-47
	509	835	-326
	1,083	675	408
	760	1,379	-619
	1,046	850	196
	637	421	216
	699	630	69
	1,689	806	883
	701	1,053	-352
	1,660	826	834
	1,133	720	413
	553	775	-222
	1,147	910	237
	666	780	-114
	598	511	87
	1,130	1,101	29
	756	889	-133
	2,191	880	1,311
	986	1,123	-137
	59,899	28,396	31,503
	216,164	330,094	-113,930
	235,440	227,088	8,352
	99,539	119,172	-19,633
	25,473	11,079	14,394
	36,917	13,331	23,586
	53,262	14,929	38,333
	11,426	4,837	6,589
	12,280	5,240	7,040
	18,696	7,627	11,069
	15,689	6,356	9,333
	60,616	88,973	-28,357
	32,931	45,110	-12,179
	33,710	13,928	19,782
	3,316	3,142	174
	4,131	3,754	377
	33,608	24,381	9,227
	38,861	30,854	8,007
	5,351	4,438	913
	6,541	6,356	185
	5,536	4,528	1,008
	65,689	58,513	7,176
	65,011	69,759	-4,748
	67,386	47,888	19,498
	5,485	4,913	572
	13,159	8,556	4,603
	29,521	24,690	4,831
	5,422	5,126	296
	13	8	5
	3,331	2,354	977
	56,633	1,996	54,637
	49,062	11,877	37,185
	5,546	3,936	1,610
	61,166	12,306	48,860
	5,920	4,009	1,911
	23,231	4,754	18,477
	22,112	3,877	18,235
	165,892	210,526	-44,634
	20,935	30,822	-9,887
	156,888	99,728	57,160
	2,160	1,767	393
	53,849	33,678	20,171
	26,747	8,708	18,039
	550,949	444,424	106,525
	185,564	186,025	-461
	193,699	55,387	138,312
	2,908	2,404	504
	6,123	1,907	4,216
	113,215	76,393	36,822
	5,485	3,359	2,126
	54,850	43,636	11,214
	4,634	2,015	2,619
	20,047	8,666	11,381
	1,868	1,469	399
	41,566	24,316	17,250
	26,650	3,381	23,269
	74,696	50,316	24,380
	16,070	11,755	4,315
	67,080	32,628	34,452
	9,050	7,109	1,941
	24,835	11,419	13,416
	273,691	80,650	193,041
	6,100	5,828	272
	54,584	31,598	22,986
	348,649	67,543	281,106
	94,736	54,569	40,167
	48,247	33,705	14,542
	92,114	87,755	4,359
	102,031	114,389	-12,358
	264,893	203,125	61,768
	65,331	58,908	6,423
	43,873	35,489	8,384
	38,431	26,860	11,571
	23,399	11,166	12,233
	8,444	3,997	4,447
	17,094	9,432	7,662
	30,626	14,655	15,971
	64,980	46,204	18,776
	27,326	50,685	-23,359
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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			515
b			33,890
c			87,437
d			25,462
e			66,784
			-170,123
			-12,538
			4,978
			-13,094
			-79,690
			1,301
			-4,877
			-17,220
			-8,416
			-12,598
			-10,881
			2,549
			-27,876
			4,467
			3,595
			-2,905
			22,818
			-2,111
			4,011
			-3,134
			-2,632
			1,649
			-3,442
			-335
			-4,054
			4,107
			1,397
			-3,418
			119
			-1,288
			-1,766
			357
			1,982
			-6,907
			-2,731
			-7,351
			-241
			-960
			-10,535
			-940
			-418
			-294
			9,179
			-9,999
			6,787
			-32,303
			-45,122
			-10,550
			1,356
			33,686
			34
			-362,436
			10,188
			-26,443
			-653
			-6,962
			2,358
			10,908
			20,578
			-478
			9,078
			3,041
			5,052
			3,720
			-1,707
			-21,171
			-3,324
			-5,120
			-2,370
			-46
			-1,585
			-18,779
			-6,598
			9,042
			11,906
			-19,330
			33,608
			-3,729
			-370
			13,402
			1,587
			-1,086
			9,948
			7,027
			-3,107
			15,590
			-15,991
			-5,869
			-29,391
			13,848
			22,010
			-1,641
			-15,597
			4,388
			-1,454
			-15,787
			-4,049
			11,590
			1,525
			-759
			-4,131
			-8,768
			-222
			-2,491
			-3,746
			26,168
			-1,224
			-7,092
			11,635
			-382
			26,833
			1,846
			8,146
			1,852
			-13,856
			-7,146
			-1,059
			5,150
			2,988
			-350
			-4,804
			-1,320
			5,496
			-1,207
			2,836
			9,272
			1,237
			-16,584
			-6,439
			575
			-263
			-13,710
			3,400
			-5,175
			4,213
			-274
			-5,422
			6,602
			2,676
			9,619
			-2,143
			-1,518
			-94
			17,812
			5,119
			10,015
			-229
			-3,315
			-8,047
			-730
			-8,189
			11,524
			22,009
			4,919
			10,027
			397
			-1,177
			30,854
			18,433
			-7,388
			-1,656
			-8,855
			-5,338
			36,889
			-1,494
			-18,273
			-572
			9,232
			-5,335
			4,786
			-490
			-86
			1,698
			-1,186
			-7,707
			11,661
			-668
			-128
			-4,069
			-9,215
			30,544
			1,454
			-1,356
			-920
			-2,173
			-3,040
			1,747
			-1,590
			-11,100
			902
			-493
			-4,774
			-2,208
			-25,822
			4,222
			5,670
			3,085
			27,114
			26,773
			2,221
			-868
			-9,871
			-202
			-3,984
			1,593
			-61
			944
			-5,942
			-619
			5,528
			62,990
			1,935
			18,202
			2,237
			-247
			1,184
			75
			-41
			463
			-153
			709
			614
			-47
			-326
			408
			-619
			196
			216
			69
			883
			-352
			834
			413
			-222
			237
			-114
			87
			29
			-133
			1,311
			-137
			31,503
			-113,930
			8,352
			-19,633
			14,394
			23,586
			38,333
			6,589
			7,040
			11,069
			9,333
			-28,357
			-12,179
			19,782
			174
			377
			9,227
			8,007
			913
			185
			1,008
			7,176
			-4,748
			19,498
			572
			4,603
			4,831
			296
			5
			977
			54,637
			37,185
			1,610
			48,860
			1,911
			18,477
			18,235
			-44,634
			-9,887
			57,160
			393
			20,171
			18,039
			106,525
			-461
			138,312
			504
			4,216
			36,822
			2,126
			11,214
			2,619
			11,381
			399
			17,250
			23,269
			24,380
			4,315
			34,452
			1,941
			13,416
			193,041
			272
			22,986
			281,106
			40,167
			14,542
			4,359
			-12,358
			61,768
			6,423
			8,384
			11,571
			12,233
			4,447
			7,662
			15,971
			18,776
			-23,359

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,143,814
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

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

1 Reserved

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

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

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

Form 990-PF (2020)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	19,586
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	19,586
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	19,586
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	19,988
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

7	Total credits and payments. Add lines 6a through 6d..............		7	19,988
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	402
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax402	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

The books are in care of bullet

WELLS FARGO BANK Telephone no. bullet

(800) 576-5135

Located at bullet

100 NORTH MAIN STREETWINSTONSALEMNC ZIP+4 bullet

27101

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
WELLS FARGO BANK N A	TRUSTEE 1	89,131
100 N MAIN ST MAC D4001-117 WINSTON SALEM,NC27101	TRUSTEE 1	89,131
JOHN KUHNE	BOARD OF ADVISORS 1	1,000
CO WELLS FARGO BANK PO BOX 969 GREENVILLE,SC29602	BOARD OF ADVISORS 1	1,000
CAROLINE SCHMITT	BOARD OF ADVISORS 1	1,000
CO WELLS FARGO BANK PO BOX 969 GREENVILLE,SC29602	BOARD OF ADVISORS 1	1,000
LUCY S KUHNE	BOARD OF ADVISORS 1	1,000
CO WELLS FARGO BANK PO BOX 969 GREENVILLE,SC29602	BOARD OF ADVISORS 1	1,000
KATHERINE SULLIVAN	BOARD OF ADVISORS 1	1,000
CO WELLS FARGO BANK PO BOX 969 GREENVILLE,SC29602	BOARD OF ADVISORS 1	1,000
WILMA JOHNSON	BOARD OF ADVISORS 1	1,000
CO WELLS FARGO BANK PO BOX 969 GREENVILLE,SC29602	BOARD OF ADVISORS 1	1,000
NELL RICE	BOARD OF ADVISORS 1	1,000
CO WELLS FARGO BANK PO BOX 969 GREENVILLE,SC29602	BOARD OF ADVISORS 1	1,000
CLAIRE EFIRD	BOARD OF ADVISORS 1	1,000
CO WELLS FARGO BANK PO BOX 969 GREENVILLE,SC29602	BOARD OF ADVISORS 1	1,000
WILLIAM KUHNE	BOARD OF ADVISORS 0	1,000
CO WELLS FARGO BANK PO BOX 969 GREENVILLE,SC29602	BOARD OF ADVISORS 0	1,000

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


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









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

Form 990-PF (2020)

Page 7

Part VIII

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

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	NONE
2


All other program-related investments. See instructions.
3

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

Form 990-PF (2020)

Page 8

Part X

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

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

purposes:

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

32,023,851

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

3,556,781

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

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

35,580,632

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

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

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

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

35,580,632

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

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

533,709

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

35,046,923

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

1,752,346

Part XI

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

and do not complete this part.)

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

1,752,346

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

19,586

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

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

19,586

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

1,732,760

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

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

1,732,760

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

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

1,732,760

Part XII

Qualifying Distributions (see instructions)

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

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

6,783,296

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

6,783,296

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

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

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

6,783,296

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

Form 990-PF (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					1,732,760
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				1,467,379
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	0
b From 2016......	0
c From 2017......	0
d From 2018......	0
e From 2019......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 6,783,296
a Applied to 2019, but not more than line 2a				1,467,379
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.....					1,732,760
e Remaining amount distributed out of corpus		3,583,157
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		3,583,157
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 ......		3,583,157
10 Analysis of line 9:
a Excess from 2016....	0
b Excess from 2017....	0
c Excess from 2018....	0
d Excess from 2019....	0
e Excess from 2020....	3,583,157

Form 990-PF (2020)

Page 10

Part XIV

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

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

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

The Simpson Foundation co Wells Fa
PO Box 969 Mailcode 3310-026
Greenville,SC29602
(864) 255-8231

bThe form in which applications should be submitted and information and materials they should include:

Requests are generally made by letter or written proposal. Include a copy of IRS Determination Letter, a list of the current Board of Directors or Officers and the organization's operating budget

cAny submission deadlines:

April 1 and October 1 annually

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Although not limited to by the governing document, contributions are primarily made to worthy organizations in the Greenville County, SC community

Form 990-PF (2020)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
THE SALVATION ARMY GREENVILLE COUNTY 417 RUTHERFORD ST GREENVILLE,SC29609	NONE	PC	GENERAL OPERATING	6,707,266
Total ................................. 3a				6,707,266

bApproved for future payment

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

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	437,941
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	1,143,814
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aPARTNERSHIP/S-CORP			1	60,768
bOTHER INCOME			1	1,227
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				1,643,750

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

1,643,750

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2020)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Stock	End of Year Book Value	End of Year Fair Market Value
00687A107 ADIDAS-AG ADR	39,589	62,217
818800104 SGS SA ADR	27,632	33,186
654106103 NIKE INC CL B	137,336	490,335
237545108 DASSAULT SYSTEMES S.	37,740	113,444
594918104 MICROSOFT CORP	357,526	496,664
015393101 ALFA LAVAL AB-UNSPON	23,088	41,168
049904105 ATRION CORP	19,930	16,698
79466L302 SALESFORCE COM INC	2,765	16,022
031162100 AMGEN INC	244,540	316,600
60786M105 MOELIS & CO	25,979	31,423
02209S103 ALTRIA GROUP INC	250,523	188,313
824667109 SHIONOGI & CO LTD-UN	31,751	28,428
023135106 AMAZON COM INC COM	16,792	465,741
136375102 CANADIAN NATL RR CO	11,285	36,031
29084Q100 EMCOR GROUP INC COM	35,115	47,742
54338V101 LONZA GROUP AG ADR	38,608	93,429
05278C107 AUTOHOME INC-ADR	31,458	69,734
501173207 KUBOTA LIMITED - ADR	41,943	62,342
562750109 MANHATTAN ASSOCIATES	18,447	39,758
80687P106 SCHNEIDER ELECTRIC S	58,871	89,369
256677105 DOLLAR GENERAL CORP	98,178	271,287
M22465104 CHECK POINT SOFTWARE	51,665	84,929
45662N103 INFINEON TECHNOLOGIE	67,570	165,071
64110L106 NETFLIX INC	110,882	376,348
571748102 MARSH & MCLENNAN COS	200,637	309,231
G5960L103 MEDTRONIC PLC	263,676	283,479
23304Y100 DBS GROUP HOLDINGS L	54,072	94,910
69343P105 LUKOIL PJSC-SPON ADR	45,779	37,051
053015103 AUTOMATIC DATA PROCE	189,228	241,746
G5494J103 LINDE PLC	31,928	54,020
829073105 SIMPSON MFG INC COM	26,186	37,006
891092108 TORO CO	32,232	45,713
767204100 RIO TINTO PLC - ADR	58,627	76,574
595017104 MICROCHIP TECHNOLOGY	146,146	253,018
005098108 ACUSHNET HOLDINGS CO	25,495	41,310
40415F101 HDFC BANK LTD. - ADR	26,253	43,139
780259107 ROYAL DUTCH SHELL PL	55,195	39,357
58933Y105 MERCK & CO INC NEW	162,703	261,433
73278L105 POOL CORPORATION	20,796	64,815
205887102 CONAGRA BRANDS INC	282,000	270,753
307305102 FANUC CORPORATION AD	10,854	34,541
91324P102 UNITEDHEALTH GROUP I	174,604	370,318
72341E304 PING AN INSURANCE-AD	45,659	53,925
854502101 STANLEY BLACK & DECK	137,684	180,346
045327103 ASPEN TECHNOLOGY INC	20,238	47,020
001055102 AFLAC INC	178,884	205,941
262037104 DRIL-QUIP INC COM	22,271	14,455
502117203 L'OREAL - ADR	21,568	108,133
771195104 ROCHE HOLDINGS LTD -	39,761	96,273
45104G104 ICICI BANK LTD. - AD	21,651	44,803
87184P109 SYSMEX CORP-UNSPON A	10,251	65,564
548661107 LOWES COS INC	209,442	367,889
871829107 SYSCO CORP	167,528	280,406
942749102 WATTS WATER TECHNOLO	30,820	38,579
832696405 JM SMUCKER CO	167,130	181,145
879360105 TELEDYNE TECHNOLOGIE	14,828	78,788
641069406 NESTLE S.A. REGISTER	22,513	79,279
303075105 FACTSET RESH SYS INC	18,046	35,578
87155N109 SYMRISE AG ADR	29,129	57,781
29429L105 EPIROC AB-UNSP ADR	26,542	52,795
01609W102 ALIBABA GROUP HOLDIN	37,561	42,822
00783V104 ADYEN NV-UNSPON ADR	69,025	155,022
90460M204 UNI CHARM CORPORATIO	55,761	81,640
902973304 US BANCORP	293,508	340,433
741511109 PRICESMART INC	22,489	26,052
009126202 AIR LIQUIDE - ADR	11,369	35,883
049255706 ATLAS COPCO AB ADR	34,920	115,798
37940X102 GLOBAL PMTS INC W/I	232,931	363,629
03073E105 AMERISOURCEBERGEN CO	271,730	284,970
83304A106 SNAP INC	276,240	740,686
83569C102 SONOVA HOLDIN-UNSPON	17,467	49,956
302941109 FTI CONSULTING INC C	41,301	45,247
465562106 ITAU UNIBANCO H-SPON	59,517	59,207
12572Q105 CME GROUP INC	226,876	381,213
G47567105 IHS MARKIT LTD	146,326	392,377
426281101 HENRY JACK & ASSOC I	13,990	21,545
501044101 KROGER CO	260,021	310,232
778296103 ROSS STORES INC	269,673	424,309
70450Y103 PAYPAL HOLDINGS INC	114,925	748,035
67066G104 NVIDIA CORP	73,626	614,107
500458401 KOMATSU LIMITED - AD	39,603	51,157
65479L108 NITORI HLDGS CO LTD-	24,529	37,383
257651109 DONALDSON CO INC	13,441	16,485
478160104 JOHNSON & JOHNSON	254,711	349,541
H01301128 ALCON INC	44,099	46,054
25243Q205 DIAGEO PLC - ADR	50,951	52,407
670108109 NOVOZYMES A/S UNSPON	27,021	30,818
461202103 INTUIT COM	375,206	532,170
016255101 ALIGN TECHNOLOGY INC	257,006	558,961
384802104 GRAINGER W W INC	179,481	287,471
76657Y101 RIGHTMOVE PLC-UNSP A	32,925	53,646
32051X108 FIRST HAWAIIAN INC	48,914	51,004
904767704 UNILEVER PLC - ADR	264,893	297,092
166764100 CHEVRON CORP	177,412	197,275
718172109 PHILIP MORRIS INTERN	278,499	229,577
00724F101 ADOBE INC	250,745	524,126
857477103 STATE STREET CORP	338,024	296,870
169656105 CHIPOTLE MEXICAN GRI	334,673	356,384
92826C839 VISA INC-CLASS A SHR	53,090	666,689
05946K101 BANCO BILBAO VIZCAYA	74,034	58,366
88032Q109 TENCENT HOLDINGS LTD	59,052	90,510
344419106 FOMENTO ECONOMICO ME	58,358	53,721
803054204 SAP SE ADR	44,003	115,656
N97284108 YANDEX NV-A	13,178	32,842
171269103 CHUGAI PHARMACEUTIC-	30,504	77,246
235851102 DANAHER CORP	439,656	427,842
518439104 ESTEE LAUDER COMPANI	320,374	524,128
452327109 ILLUMINA INC	203,359	604,950
46120E602 INTUITIVE SURGICAL I	118,957	596,395
191216100 COCA COLA CO	271,068	326,572
384109104 GRACO INC	26,858	52,598
75524B104 RBC BEARINGS INC	15,942	27,930
126650100 CVS HEALTH CORPORATI	348,686	318,073
018820100 ALLIANZ SE - UNSP AD	38,825	90,811
749607107 RLI CORP COM	15,058	27,287
74164M108 PRIMERICA INC	28,982	51,161
001317205 AIA GROUP LTD-SP ADR	37,301	131,963
038336103 APTARGROUP INC COM	10,115	15,879
874039100 TAIWAN SEMICONDUCTOR	13,992	173,483
04316A108 ARTISAN PARTNERS ASS	13,167	25,774
02319V103 AMBEV SA-SPN ADR	41,326	40,885
35952Q106 FUCHS PETROLUB SE-PR	14,716	20,135
78409V104 S&P GLOBAL INC	157,037	416,830
30303M102 FACEBOOK INC	244,162	573,090

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
7HF99EC58 ENERGY CAP MEZZANINE	AT COST	94,180	97,766
7HF990041 INSTITUTIONAL VENTUR	AT COST	793,989	1,484,238
7HF99FIA8 FRANCISCO PARTNERS I	AT COST	201,414	682,218
7HF990094 ORBIMED ISRAEL PARTN	AT COST	161,150	197,917
571748102 MARSH & MCLENNAN COS
857477103 STATE STREET CORP
58933Y105 MERCK & CO INC NEW
02209S103 ALTRIA GROUP INC
N22717107 CORE LABORATORIES N
74164M108 PRIMERICA INC
57060D108 MARKETAXESS HLDGS IN
92927K102 WABCO HOLDINGS INC
04316A108 ARTISAN PARTNERS ASS
12514G108 CDW CORP/DE
87184P109 SYSMEX CORP-UNSPON A
29444U700 EQUINIX INC	AT COST	155,078	484,928
78409V104 S&P GLOBAL INC
G47567105 IHS MARKIT LTD
12572Q105 CME GROUP INC
674599105 OCCIDENTAL PETE CORP
03073E105 AMERISOURCEBERGEN CO
88579Y101 3M CO
832696405 JM SMUCKER CO
303075105 FACTSET RESH SYS INC
384109104 GRACO INC
M22465104 CHECK POINT SOFTWARE
136375102 CANADIAN NATL RR CO
015393101 ALFA LAVAL AB-UNSPON
654106103 NIKE INC CL B
70450Y103 PAYPAL HOLDINGS INC
03027X100 AMERICAN TOWER CORP	AT COST	152,958	493,139
92826C839 VISA INC-CLASS A SHR
452308109 ILLINOIS TOOL WORKS
501044101 KROGER CO
595017104 MICROCHIP TECHNOLOGY
166764100 CHEVRON CORP
718172109 PHILIP MORRIS INTERN
891092108 TORO CO
879360105 TELEDYNE TECHNOLOGIE
404280406 HSBC - ADR
N97284108 YANDEX NV-A
780259107 ROYAL DUTCH SHELL PL
00687A107 ADIDAS-AG ADR
09857L108 BOOKING HOLDINGS INC
30303M102 FACEBOOK INC
001055102 AFLAC INC
031162100 AMGEN INC
384802104 GRAINGER W W INC
478160104 JOHNSON & JOHNSON
778296103 ROSS STORES INC
256677105 DOLLAR GENERAL CORP
780259206 ROYAL DUTCH SHELL PL
749607107 RLI CORP COM
76657Y101 RIGHTMOVE PLC-UNSP A
7HF990169 FRANCISCO PARTNERS V	AT COST	130,806	160,578
262037104 DRIL-QUIP INC COM
60786M105 MOELIS & CO
344419106 FOMENTO ECONOMICO ME
54338V101 LONZA GROUP AG ADR
500458401 KOMATSU LIMITED - AD
806857108 SCHLUMBERGER LTD
874039100 TAIWAN SEMICONDUCTOR
23304Y100 DBS GROUP HOLDINGS L
502117203 L'OREAL - ADR
45104G104 ICICI BANK LTD. - AD
G5494J103 LINDE PLC
056752108 BAIDU COM INC
00724F101 ADOBE SYS INC
126650100 CVS/CAREMARK CORPORA
548661107 LOWES COS INC
35952Q106 FUCHS PETROLUB SE-PR
05946K101 BANCO BILBAO VIZCAYA
049255706 ATLAS COPCO AB SPONS
670108109 NOVOZYMES A/S UNSPON
023135106 AMAZON COM INC
518439104 ESTEE LAUDER COMPANI
02079K305 ALPHABET INC/CA
46120E602 INTUITIVE SURGICAL I
681919106 OMNICOM GROUP
038336103 APTARGROUP INC
426281101 HENRY JACK & ASSOC I
679580100 OLD DOMINION FREIGHT
741511109 PRICESMART INC
05278C107 AUTOHOME INC-ADR
009126202 AIR LIQUIDE ADR
87155N109 SYMRISE AG ADR
465562106 ITAU UNIBANCO BANCO
413838723 OAKMARK INTERNATIONA	AT COST	2,867,564	3,482,274
641069406 NESTLE S.A. REGISTER
904767704 UNILEVER PLC - ADR
307305102 FANUC LTD ADR
237545108 DASSAULT SYSTEMES S.
29429L105 EPIROC AB-UNSP ADR
018805101 ALLIANZ AKTIENGESELL
83569C102 SONOVA HOLDIN-UNSPON
67066G104 NVIDIA CORP
64110L106 NETFLIX.COM INC
452327109 ILLUMINA INC
771195104 ROCHE HOLDINGS LTD -
803866300 SASOL LIMITED - ADR
40415F101 HDFC BANK LTD. - ADR
002824100 ABBOTT LABORATORIES
91324P102 UNITEDHEALTH GROUP I
257651109 DONALDSON CO INC
562750109 MANHATTAN ASSOCIATES
73278L105 POOL CORPORATION
045327103 ASPEN TECHNOLOGY INC
75524B104 RBC BEARINGS INC
464287200 ISHARES CORE S & P 5	AT COST	551,234	751,155
016255101 ALIGN TECHNOLOGY INC
803054204 SAP AG - ADR
501173207 KUBOTA LIMITED - ADR
45662N103 INFINEON TECHNOLOGIE
001317205 AIA GROUP LTD - SP A
278865100 ECOLAB INC
205887102 CONAGRA FOODS INC
7HF990254 STRATEGIC PARTNERS F	AT COST	116,664	116,664
80687P106 SCHNEIDER ELECTRIC S
37940X102 GLOBAL PMTS INC W/I
049904105 ATRION CORP
767204100 RIO TINTO PLC - ADR
02319V103 AMBEV SA-SPN ADR
904784709 UNILEVER N.V. - ADR
829073105 SIMPSON MFG INC COM
32051X108 FIRST HAWAIIAN INC
818800104 SGS SA ADR
72341E304 PING AN INSURANCE-AD
69343P105 LUKOIL PJSC-SPON ADR
461202103 INTUIT COM
7HN990900 CAPE ANN GLOBAL DEV	AT COST	1,339,377	1,382,810
25243Q205 DIAGEO PLC - ADR
249034109 DENTSU INC-UNSPON AD
171269103 CHUGAI PHARMACEUTIC-
90460M204 UNI CHARM CORPORATIO
56166Y404 TORTOISE MLP & PIPEL
854502101 STANLEY BLACK DECKE
16941M109 DPS CHINA MOBILE LIM
88032Q109 TENCENT HOLDINGS LTD
02263T104 AMADEUS IT HOLDING-U
594918104 MICROSOFT CORP
464287507 ISHARES CORE S&P MID	AT COST	2,868,077	3,401,714
7HF990258 BLUE VISTA RE PARTNE	AT COST	193,570	177,113

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES - PRINCIPAL (ALLOCA	47,444			47,444
LEGAL FEES - INCOME (ALLOCABLE	2,710			2,710

Description	Amount
PY ROC ADJUSTMENT	12,237
WASH SALE ADJUSTMENT	138,430
PARTNERSHIP BASIS ADJUSTMENT	38,746
MISC ADJUSTMENT	1,566

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
OTHER EXPENSE (NON-DEDUCTIBLE	50	0	50
INVESTMENT EXPENSES - ADR FEES	2,315	2,315	0
FROM PARTNERSHIP/S-CORP	45,294	45,294	0