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
PETER J KING FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)701 XENIA AVENUE SOUTH SUITE 130
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GOLDEN VALLEY, MN55416
A Employer identification number

26-1600569
B Telephone number (see instructions)

(612) 884-0248
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$85,347,665
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books
(b) Net investment
income
(c) Adjusted net
income
(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,841,271 1,841,271  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 695,708
b Gross sales price for all assets on line 6a 29,441,728
7 Capital gain net income (from Part IV, line 2)... 695,708
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)....... 449,069 437,758  
12 Total. Add lines 1 through 11........ 2,986,048 2,974,737  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 4,000 1,000   3,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 59,837 59,837   0
c Other professional fees (attach schedule).... 1,356,558 1,157,528   199,030
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 83,009 40,990   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 520,559 512,131   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,023,963 1,771,486   202,030
25 Contributions, gifts, grants paid....... 3,938,670 3,938,670
26 Total expenses and disbursements. Add lines 24 and 25 5,962,633 1,771,486   4,140,700
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,976,585
b Net investment income (if negative, enter -0-) 1,203,251
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 3,199,206 2,695,784 2,695,784
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 13,451,067 Click to see attachment10,480,494 11,283,921
c Investments—corporate bonds (attach schedule)....... 15,507,500 Click to see attachment12,682,750 10,551,076
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 39,879,651 Click to see attachment43,201,811 60,816,884
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) 72,037,424 69,060,839 85,347,665
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 72,037,424 69,060,839
29 Total net assets or fund balances (see instructions)..... 72,037,424 69,060,839
30 Total liabilities and net assets/fund balances (see instructions). 72,037,424 69,060,839
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
72,037,424
2
Enter amount from Part I, line 27a .....................
2
-2,976,585
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
69,060,839
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
69,060,839
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 PUBLICLY TRADED SECURITIES P    
b SHS FORTRESS CREDIT OPPORTUNITIES FUND V LP P    
c SHS BROADCREST LP P    
d SHS VIRGO SOCIETAS PARTNERSHIP IV, LP P    
e SHS FORTRESS REAL ESTATE OPP FUND II, LP P    
SHS MSSBCCP OFFSHORE FEEDER, LP P    
SHS OZRE III ACCESS LP P    
SHS PETERSHILL II OFFSHORE LP P    
SHS AIM II OFFSHORE US FEEDER, LP P    
SHS AB FINANCIAL SERVICES DELAWARE FUND LP P    
SHS AUDAX SENIOR LOAN FUND, LP P    
SHS FUNDAMENTAL PARTNERS III LP P    
SHS AUDAX SENIOR LOAN FUND III, LP P    
SHS TURNING ROCK FUND I LP P    
SHS ELECTRUM STRATEGIC OPPORTUNITIES II LP P    
SHS FORTRESS INTELLECTUAL PROPERTY OPPORTUNITIES LP P    
SHS FUNDAMENTAL PARTNERS IV LP P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a 28,889,274   28,720,942 168,332
b 41,708     41,708
c 121,429     121,429
d 37,928     37,928
e 1,251     1,251
    5,456 -5,456
3,975     3,975
3,613     3,613
220,845     220,845
    3,282 -3,282
6,896     6,896
    16,190 -16,190
712     712
41,654     41,654
7,044     7,044
    150 -150
6,102     6,102
59,297     59,297
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       168,332
b       41,708
c       121,429
d       37,928
e       1,251
      -5,456
      3,975
      3,613
      220,845
      -3,282
      6,896
      -16,190
      712
      41,654
      7,044
      -150
      6,102
      59,297
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 2 695,708
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 16,725
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 16,725
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 16,725
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 23,305
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 27,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 50,305
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 33,580
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet33,580 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
  • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletPJKINGFAMILYFOUNDATION.ORG
    14
    The books are in care ofbulletRUSSELL S KING Telephone no.bullet (612) 884-0248

    Located atbullet701 XENIA AVENUE SOUTH SUITE 130GOLDEN VALLEYMN ZIP+4bullet55416
    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
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position
    (c) Compensation
    (If not paid, enter
    -0-)
    (d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    RUSSELL S KING PRESIDENT
    6.00
    0 0 0
    701 XENIA AVENUE SOUTH SUITE 130
    GOLDEN VALLEY,MN55416
    STEPHEN D HIGGINS SECRETARY
    2.00
    0 0 0
    23785 STREHLER ROAD
    LORETTO,MN55357
    JAMES C TEAL OFFICER
    1.00
    2,000 0 0
    9695 GEISLER DRIVE
    EDEN PRAIRIE,MN55347
    JAMES A WEICHERT OFFICER
    1.00
    2,000 0 0
    922 DOUGLAS ROAD
    SAINT PAUL,MN55118
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position
    (c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation
    (e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    KING CAPITAL CORP ADMIN & INVESTMENT 1,169,397
    701 XENIA AVENUE SOUTH SUITE 130
    GOLDEN VALLEY,MN55416
    COPELAND BUHL & CO TAX SERVICES 59,837
    800 EAST WAYZATA BOULEVARD SUITE
    300
    WAYZATA,MN55391
    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
    76,524,009
    b
    Average of monthly cash balances.......................
    1b
    2,127,759
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    78,651,768
    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
    78,651,768
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,179,777
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    77,471,991
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,873,600
    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
    3,873,600
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    16,725
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    16,725
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,856,875
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,856,875
    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
    3,856,875
    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
    4,140,700
    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
    4,140,700
    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
    4,140,700
    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 3,856,875
    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...... 73,550
    e From 2019......  
    fTotal of lines 3a through e........ 73,550
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 4,140,700
    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..... 3,856,875
    e Remaining amount distributed out of corpus 283,825
    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 5 357,375
    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 ......
    357,375
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 73,550
    d Excess from 2019....  
    e Excess from 2020.... 283,825
    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
    IRINGA HOPE
    17201 JACKSON TRAIL
    LAKEVILLE,MN55044
    NONE 501(C)(3) GENERAL PURPOSE 230,000
    THE FAMILY PARTNERSHIP
    4123 EAST LAKE STREET
    MINNEAPOLIS,MN55406
    NONE 501(C)(3) GENERAL PURPOSE 600,000
    SHARING AND CARING HANDS
    525 NORTH 7TH STREET
    MINNEAPOLIS,MN55405
    NONE 501(C)(3) GENERAL PURPOSE 55,000
    FEED MY STARVING CHILDREN
    401 93RD AVENUE NORTHWEST
    COON RAPIDS,MN55433
    NONE 501(C)(3) GENERAL PURPOSE 10,000
    RIVERWORKS COMMUNITY DEVELOPMENT
    PO BOX 213
    ROCKFORD,MN55373
    NONE 501(C)(3) GENERAL PURPOSE 10,000
    COMMUNITY EMERGENCY SERVICE
    1900 11TH AVENUE
    MINNEAPOLIS,MN55404
    NONE 501(C)(3) GENERAL PURPOSE 5,000
    URBAN VENTURES
    2924 FOURTH AVENUE SOUTH
    MINNEAPOLIS,MN55408
    NONE 501(C)(3) GENERAL PURPOSE 166,670
    YMCA OF GREATER ST PAUL
    532 COUNTY ROAD F
    HUDSON,WI54016
    NONE 501(C)(3) GENERAL PURPOSE 50,000
    RIVERWORKS COMMUNITY DEVELOPMENT
    PO BOX 213
    ROCKFORD,MN55373
    NONE 501(C)(3) GENERAL PURPOSE 14,000
    MOBILE HOPE
    7900 MAPLE HILL ROAD
    CORCORAN,MN55340
    NONE 501(C)(3) GENERAL PURPOSE 2,000
    ST TERESA OPHANS FOUNDATION
    9510 440TH STREET
    RICE,MN56367
    NONE 501(C)(3) GENERAL PURPOSE 6,000
    COMMUNITY EMERGENCY SERVICE
    1900 11TH AVENUE
    MINNEAPOLIS,MN55404
    NONE 501(C)(3) GENERAL PURPOSE 5,000
    CHRISTIAN CROSS MINISTRIES
    PO BOX 406
    CAMBRIDGE,MN55008
    NONE 501(C)(3) GENERAL PURPOSE 10,000
    THE RIVER CHURCH
    N 13205 RICE LAKE ROAD
    MINONG,WI54859
    NONE 501(C)(3) GENERAL PURPOSE 5,000
    MICROGRANTS
    1035 EAST FRANKLIN AVENUE
    MINNEAPOLIS,MN55404
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    THE SANNEH FOUNDATION
    2090 CONWAY STREET
    ST PAUL,MN55119
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    THE SALVATION ARMY
    2445 PRIOR AVENUE
    ROSEVILLE,MN55113
    NONE 501(C)(3) GENERAL PURPOSE 2,000
    180 DEGRESS INC
    1301 EAST 7TH STREET
    ST PAUL,MN55106
    NONE 501(C)(3) GENERAL PURPOSE 5,000
    YOUTHLINK
    41 NORTH 12TH STREET
    MINNEAPOLIS,MN55403
    NONE 501(C)(3) GENERAL PURPOSE 8,000
    UNIVERSITY OF MN
    420 DELAWARE ST SE MMC 480
    MINNEAPOLIS,MN55456
    NONE 501(C)(3) GENERAL PURPOSE 3,000
    WAKOTA LIFE CARE CENTER
    1140 ROBERT STREET SOUTH
    WEST SAINT PAUL,MN55118
    NONE 501(C)(3) GENERAL PURPOSE 220,000
    THE FAMILY PARTNERSHIP
    4123 EAST LAKE STREET
    MINNEAPOLIS,MN55406
    NONE 501(C)(3) GENERAL PURPOSE 600,000
    YOUTHLINK
    41 NORTH 12TH STREET
    MINNEAPOLIS,MN55403
    NONE 501(C)(3) GENERAL PURPOSE 280,000
    FRASER
    2400 WEST 64TH STREET
    MINNEAPOLIS,MN55423
    NONE 501(C)(3) GENERAL PURPOSE 520,000
    JUNIOR ACHIEVEMENT OF UPPER MIDWEST
    1800 WHITE BEAR AVENUE
    MAPLEWOOD,MN55109
    NONE 501(C)(3) GENERAL PURPOSE 300,000
    NORTHERN STAR COUNCIL BSA
    6202 BLOOMINGTON RD
    FORT SNELLING,MN55111
    NONE 501(C)(3) GENERAL PURPOSE 800,000
    TOTINO-GRACE HIGH SCHOOL
    1350 GARDENA AVENUE
    FRIDLEY,MN55432
    NONE 501(C)(3) GENERAL PURPOSE 10,000
    ALLINA HEALTH HOSPICE FOUNDATION
    3915 GOLDEN VALLEY RD
    MINNEAPOLIS,MN55422
    NONE 501(C)(3) GENERAL PURPOSE 6,000
    ST PAUL AREA SYNOD
    105 UNIVERSITY AVENUE WEST
    ST PAUL,MN55103
    NONE 501(C)(3) GENERAL PURPOSE 5,000
    SHARING AND CARING HANDS
    525 NORTH 7TH STREET
    MINNEAPOLIS,MN55405
    NONE 501(C)(3) GENERAL PURPOSE 5,000
    CIVIL SOCIETY
    1595 SELBY AVENUE SUITE 112
    ST PAUL,MN55104
    NONE 501(C)(3) GENERAL PURPOSE 2,000
    MIGIZI
    PO BOX 17125
    MINNEAPOLIS,MN55417
    NONE 501(C)(3) GENERAL PURPOSE 2,000
    Total .................................bullet 3a 3,938,670
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code
    (b)
    Amount
    (c)
    Exclusion code
    (d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........
             
    4 Dividends and interest from securities....     14 1,841,271  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 449,069  
    8 Gain or (loss) from sales of assets other than
    inventory ............
        18 695,708  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 2,986,048 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,986,048
    (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:
    PETER J KING FAMILY FOUNDATION
    EIN:
    26-1600569
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COPELAND BUHL & CO. 59,837 59,837   0

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    PETER J KING FAMILY FOUNDATION
    EIN:
    26-1600569
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SOFTBANK GROUP 6.0 1,020,583 976,070
    DELPHI FINL (TOKIO MARINE) 7.376 1,688,443 1,611,874
    OAS SA 8.875 1,012,208 49,950
    OCEAN SPRAY 6.25 1,790,000 1,620,000
    DAIRY FARMERS OF AMERICA 7.125 393,500 366,164
    ILFC E-CAPITAL TR 4.78 190,000 167,500
    ILFC E-CAPITAL TR 5.08589 1,599,781 1,123,541
    JP MORGAN 7.9 677,040 665,871
    LAND O' LAKES 7.0 236,875 234,688
    LAND O' LAKES 8.0 1,515,632 1,533,750
    PNC CAP 1.23655 (FLOATER) 236,875 237,168
    SBL HOLDINGS 7.0 2,015,000 1,672,500
    TEXTRON 4.253 306,813 292,000

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    PETER J KING FAMILY FOUNDATION
    EIN:
    26-1600569
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AGNC INVESTMENT CORP 6.125 93,600 89,587
    ASPEN INSURANCE 5.625 412,092 412,701
    ATHENE HOLDING 5.625 262,031 269,984
    ATHENE HOLDING 6.375 250,000 279,400
    BROOKFIELD PROP 5.75 460,055 390,550
    BROOKFIELD PROP 6.375 27,968 25,509
    BROOKFIELD PROP 6.50 1,287,560 1,129,813
    BANCORP SOUTH 5.50 254,053 259,873
    CITIZENS FINL GROUP 5.0 420,102 441,045
    CHS INC 6.75 36,205 40,610
    CHS 7.875 193,618 201,460
    CAPITAL ONE 5.0 649,995 676,000
    FORTRESS TRANS & INFRAS 2,515,986 3,742,973
    FORTRESS TRANSPORTATION 8.25 350,536 304,005
    JMP GROUP 6.875 985,089 930,000
    NEW RESIDENTIAL 6.375 1,411,193 1,199,495
    SOUTH JERSEY IND 5.625 326,735 324,461
    SOUTHERN CO. 4.95 159,182 169,880
    SYNCHRONY FIN 5.625 384,494 396,575

    TY 2020 InvestmentsOtherSchedule2
    Name:
    PETER J KING FAMILY FOUNDATION
    EIN:
    26-1600569
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    JPM CHINA AT COST 2,450 86,926
    JPM HPS MEZZ AT COST 0 329,567
    LONDON AT COST 740,655 980,367
    POLEN AT COST 997,051 2,358,416
    COHESIVE AT COST 126,910 481,848
    S&S AT COST 598,964 885,877
    WCM AT COST 730,959 1,291,120
    GLOVISTA AT COST 1,155,521 1,340,586
    AB-LARGE CAP AT COST 1,295,172 4,877,213
    VAUGHAN NELSON INTL SMALL CAP FUND AT COST 656,178 1,058,916
    VAUGHAN NELSON EMERGIN MKTS AT COST 103,409 140,290
    ADVISORY-MID CAP AT COST 834,820 1,081,098
    JPM RIVERSTONE V AT COST 372,253 134,211
    UNIPLAN AT COST 362,257 498,774
    CS-HARVEST AT COST 580,411 468,975
    CS-CREDIT VALUE PARTNERS AT COST 242,191 119,543
    JPM KKR XI AT COST 0 420,298
    AB ABSA AT COST 516,673 739,439
    GCM GROSVENORS AT COST 1,292,597 1,463,732
    JPM APAX VIII AT COST 0 263,459
    JPM DFJ GROWTH AT COST 237,502 1,055,732
    MILLENNIUM INT'L HEDGEFOCUS 2013 AT COST 795,309 1,552,811
    MILLENNIUM INT'L HEDGEFOCUS 2019 AT COST 51,995 66,143
    SILVER LAKE PARTNERS AT COST 110,488 745,952
    WHITE BOX MULTI STRATEGY FUND AT COST 1,000,000 1,457,086
    JPM L CAPITAL ASIA AT COST 473,603 250,767
    AIM OFFSHORE II AT COST 445,392 397,651
    ARTISAN AT COST 1,406,580 1,811,029
    SCHAFER CULLEN AT COST 1,011,492 1,393,402
    VULCAN AT COST 1,470,881 2,076,251
    JPM PROVIDENCE AT COST 203,112 360,713
    JPM WATFORD AT COST 1,522,500 1,297,500
    VIRGO SOCIETAS AT COST 512,382 675,261
    GSO PRIVATE II AT COST 128,515 141,122
    CYPRESS ACQUISITION AT COST 438,549 13,024
    PMC PARTNERS I AT COST 396,199 599,882
    DIGITAL GROWTH II AT COST 801,092 345,802
    FORTRESS REAL ESTATE AT COST 138,892 141,541
    ENGAGED CAPITAL AT COST 1,000,000 1,607,678
    PETERSHILL II AT COST 622,217 751,498
    PETERSHILL PE AT COST 31,902 46,039
    OCH ZIFF AT COST 305,722 307,946
    MLP CORE GS AT COST 329,912 313,512
    GIF V PRIVATE INVESTORS AT COST 0 103,214
    FOUNDERS PROPERTIES III AT COST 190,358 216,848
    GS PRIVATE OPPORTUNITY PARTNERS II AT COST 199,109 218,984
    ELECTRUM AT COST 451,828 804,914
    GSO ENERGY PRIVATE INVESTORS AT COST 53,645 121,107
    FUNDAMENTAL PARTNERS III AT COST 642,388 811,746
    AUDAX III AT COST 704,028 680,195
    JPM RIVERSTONE VI AT COST 437,071 233,065
    VIRGO FUND IV AT COST 1,270,846 1,266,104
    FOUNDERS PROPERTIES IV AT COST 936,977 1,068,552
    JPM HPS MEZZ III AT COST 343,179 1,300,545
    FORTRESS SECURED LENDING AT COST 360,042 1,735,377
    APAX IX AT COST 918,672 1,473,099
    TURNING ROCK AT COST 1,125,471 1,423,968
    AB FINANCIAL SERVICES II AT COST 508,426 410,175
    KKR AMERICAS XII AT COST 621,722 841,232
    ELECTRUM II AT COST 382,604 497,434
    GSO CAPITAL SOLUTIONS III AT COST 295,810 268,853
    FORTRESS INTELLECTUAL AT COST 365,788 455,937
    WORLDQUANT MILLENNIUM AT COST 500,000 591,636
    APAX DIGITAL AT COST 501,857 743,917
    TTCP FUND II AT COST 726,888 627,610
    RIDGE LTD AT COST 500,000 345,277
    FORTRESS LENDING (B1) AT COST 722,628 707,039
    FORTRESS CREDIT AT COST 712,607 726,561
    FORTRESS REAL ESTATE III AT COST 188,095 220,480
    POINT 72 INTL HEDGE FUND AT COST 900,000 1,060,860
    BROADCREST AT COST 754,500 895,259
    FOUNDERS PROPERTIES V AT COST 350,743 660,643
    GS PRIVATE TECH OPP I AT COST 99,716 103,396
    MILLENNIUM LTD - GS AT COST 1,500,000 1,809,876
    SCULPTOR REAL ESTATE FUND IV AT COST 105,214 109,739
    NORTH HAVEN RE VIII AT COST 35,436 48,955
    GS GLOBAL ATLANTIC IVY AT COST 289,353 287,940
    ABSA II AT COST 250,000 325,855
    WEST STREET STRATEGIC SOLUTIONS AT COST 125,000 124,936
    FUNDAMENTAL PARTNERS IV AT COST 460,932 462,350
    FORTRESS LENDING II AT COST 125,000 90,000
    KENNEDY LEWIS CAPITAL AT COST 176,710 181,999
    HOLOCENE AT COST 300,000 305,210
    APAX X AT COST 12,000 12,000
    FORTRESS LEGAL ASSETS AT COST 14,461 15,000

    TY 2020 OtherExpensesSchedule
    Name:
    PETER J KING FAMILY FOUNDATION
    EIN:
    26-1600569
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CHARITABLE CONTRIBUTIONS FROM PASSTHROUGH 60 60   0
    INVESTMENT INTEREST FROM PASSTHROUGH 209,922 209,922   0
    NONDEDUCTIBLE EXPENSE FROM PASSTHROUGH 8,428 0   0
    BANK CHARGES 5,383 5,383   0
    OTHER DEDUCTIONS FROM PASSTHROUGHS 294,141 294,141   0
    OFFICE SUPPLIES 2,625 2,625   0


    TY 2020 OtherIncomeSchedule2
    Name:
    PETER J KING FAMILY FOUNDATION
    EIN:
    26-1600569
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PORTFOLIO INCOME FROM PASSTHROUGH 68,573 68,573 68,573
    ORDINARY INCOME FROM PASSTHROUGH 46,031 46,031 46,031
    RENTAL INCOME FROM PASSTHROUGH -95,737 -95,737 -95,737
    OTHER INCOME FROM PASSTHROUGH 302,346 291,035 302,346
    ROYALTY INCOME FROM PASSTHROUGH -3,312 -3,312 -3,312
    GUARANTEED PAYMENTS FROM PASSTHROUGH 131,168 131,168 131,168


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    PETER J KING FAMILY FOUNDATION
    EIN:
    26-1600569
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVISORY FEES 1,157,528 1,157,528   0
    ADMINISTRATION FEES 199,030 0   199,030


    TY 2020 TaxesSchedule
    Name:
    PETER J KING FAMILY FOUNDATION
    EIN:
    26-1600569
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 40,990 40,990   0
    FEDERAL TAXES 42,019 0   0