Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE SEARLE FREEDOM TRUST
C/O KINSHIP LLC
Number and street (or P.O. box number if mail is not delivered to street address)111 NORTH FAIRCHILD STREET STE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MADISON, WI53703
A Employer identification number

36-7244615
B Telephone number (see instructions)

(608) 710-4200
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$114,670,246J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 207,288 206,152  
4 Dividends and interest from securities... 1,117,478 1,117,478  
5a Gross rents............ 8,997 8,997  
b Net rental income or (loss) 8,997
6a Net gain or (loss) from sale of assets not on line 10 10,716,446
b Gross sales price for all assets on line 6a 20,820,528
7 Capital gain net income (from Part IV, line 2)... 10,564,612
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 566,163 570,823  
12 Total. Add lines 1 through 11........ 12,616,372 12,468,062  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,463,922 184,043   1,265,242
14 Other employee salaries and wages...... 484,600 0   484,600
15 Pension plans, employee benefits....... 217,161 0   217,161
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,827 6,827   0
c Other professional fees (attach schedule)....        
17 Interest............... 174,235 174,235   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 89,209 72,152   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 2,168 0  
20 Occupancy.............. 323,174 0   323,174
21 Travel, conferences, and meetings....... 28,663 0   28,663
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 732,453 614,512   129,838
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,522,412 1,051,769   2,448,678
25 Contributions, gifts, grants paid....... 22,227,592 22,227,592
26 Total expenses and disbursements. Add lines 24 and 25 25,750,004 1,051,769   24,676,270
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -13,133,632
b Net investment income (if negative, enter -0-) 11,416,293
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............. 1 1 1
2 Savings and temporary cash investments......... 2,439,237 8,526,163 8,526,163
3 Accounts receivable bullet2,100
Less: allowance for doubtful accounts bullet   1,800 2,100 2,100
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 117,214,510 Click to see attachment96,116,111 105,691,402
14 Land, buildings, and equipment: basis bullet153,859
Less: accumulated depreciation (attach schedule) bullet151,572 4,455 Click to see attachment2,287 2,287
15 Other assets (describe bullet) Click to see attachment232,702 Click to see attachment448,293 Click to see attachment448,293
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 119,892,705 105,094,955 114,670,246
Liabilities 17 Accounts payable and accrued expenses.......... 378 378
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment115,858 Click to see attachment140,661
23 Total liabilities (add lines 17 through 22)......... 116,236 141,039
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 119,776,469 104,953,916
29 Total net assets or fund balances (see instructions)..... 119,776,469 104,953,916
30 Total liabilities and net assets/fund balances (see instructions). 119,892,705 105,094,955
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
119,776,469
2
Enter amount from Part I, line 27a .....................
2
-13,133,632
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
106,642,837
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,688,921
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
104,953,916
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 BALDERTON ADVISORS IV LOSS ON DISPOSITION P 2020-01-01 2020-12-31
b CERBERUS II ADVISORS IV LOSS ON DISPOSITION P 2020-01-01 2020-12-31
c CERBERUS III ADVISORS IV LOSS ON DISPOSITION P 2020-01-01 2020-12-31
d ENCAP V LOSS ON DISPOSITION P 2020-01-01 2020-12-31
e FLOW THROUGH FROM ADVISORS IV P 2020-01-01 2020-12-31
FLOW THROUGH FROM BENCHMARK CAPITAL V P 2020-01-01 2020-12-31
FLOW THROUGH FROM ENCAP ENERGY FUND V P 2020-01-01 2020-12-31
FLOW THROUGH FROM FOUNDATION CAPITAL IV P 2020-01-01 2020-12-31
FLOW THROUGH FROM FOUNDATION CAPITAL V P 2020-01-01 2020-12-31
FLOW THROUGH FROM KTC DEVELOPED INTERNATIONAL P 2020-01-01 2020-12-31
FLOW THROUGH FROM KTC DEVELOPED INTERNATIONAL P 2020-01-01 2020-12-31
FLOW THROUGH FROM KTC HEDGE PRODUCTS P 2020-01-01 2020-12-31
FLOW THROUGH FROM KTC HEDGE PRODUCTS P 2020-01-01 2020-12-31
FLOW THROUGH FROM KTC INTERNATIONAL EMERGING P 2020-01-01 2020-12-31
FLOW THROUGH FROM KTC INTERNATIONAL EMERGING P 2020-01-01 2020-12-31
FLOW THROUGH FROM KTC LARGE GROWTH FUND P 2020-01-01 2020-12-31
FLOW THROUGH FROM KTC LARGE GROWTH FUND P 2020-01-01 2020-12-31
FLOW THROUGH FROM KTC LARGE VALUE FUND P 2020-01-01 2020-12-31
FLOW THROUGH FROM KTC LARGE VALUE FUND P 2020-01-01 2020-12-31
FLOW THROUGH FROM KTC SMALL CAP P 2020-01-01 2020-12-31
FLOW THROUGH FROM KTC SMALL CAP P 2020-01-01 2020-12-31
FLOW THROUGH FROM KTC STRATEGIC OPPS P 2020-01-01 2020-12-31
FLOW THROUGH FROM KTC STRATEGIC OPPS P 2020-01-01 2020-12-31
FLOW THROUGH FROM MADISON DEARBORN CAPITAL IV P 2020-01-01 2020-12-31
FLOW THROUGH FROM PROSPECT VENTURE III P 2020-01-01 2020-12-31
FLOW THROUGH FROM QUC P 2020-01-01 2020-12-31
FLOW THROUGH FROM RHO VENTURES V P 2020-01-01 2020-12-31
FLOW THROUGH SEC 1231 FROM ADVISORS IV P 2020-01-01 2020-12-31
FLOW THROUGH SEC 1231 FROM KTC HEDGE P 2020-01-01 2020-12-31
FLOW THROUGH SEC 1231 FROM SB PARTNERS P 2020-01-01 2020-12-31
FLOW THROUGH SEC 1256 FROM ADVISORS IV P 2020-01-01 2020-12-31
FLOW THROUGH SEC 1256 FROM KTC DEVELOPED P 2020-01-01 2020-12-31
FLOW THROUGH SEC 1256 FROM KTC HEDGE P 2020-01-01 2020-12-31
FLOW THROUGH SEC 1256 FROM KTC STRATEGIC P 2020-01-01 2020-12-31
FLOW THROUGH UBTI P 2020-01-01 2020-12-31
FOUNDATION LEADERSHIP ADVISORS IV LOSS ON DISPOSITION P 2020-01-01 2020-12-31
HARRIS BANK N.A. - SEE ATTACHED P 2020-01-01 2020-12-31
HARRIS BANK N.A. - SEE ATTACHED P 2020-01-01 2020-12-31
KTC LARGE VALUE LOSS ON DISPOSITION P 2020-01-01 2020-12-31
KTC SMALL CAP LOSS ON DISPOSITION P 2020-01-01 2020-12-31
MOHR DAVIDOW VI ADVISORS IV GAIN ON DISPOSITION P 2020-01-01 2020-12-31
NCCP II LIQUIDATION ADVISORS IV LOSS ON DISPOSITION P 2020-01-01 2020-12-31
NCH INVESTORS ADVISORS IV LOSS ON DISPOSITION P 2020-01-01 2020-12-31
SECTION 1202 ADJUSTMENT P 2020-01-01 2020-12-31
T-ROWE PRICE LT GAIN ADJUSTMENT DUE TO KTC LARGE GROWTH DISPOSITION P 2020-01-01 2020-12-31
T-ROWE PRICE ST GAIN ADJUSTMENT DUE TO KTC LARGE GROWTH DISPOSITION P 2020-01-01 2020-12-31
KTC DEVELOPED INTERNATIONAL, LLC DISPOSITION P 2020-01-01 2020-12-31
KTC INTERNATIONAL EMERGING, LLC DISPOSITION P 2020-01-01 2020-12-31
KTC LARGE GROWTH FUND, LLC DISPOSITION P 2020-01-01 2020-12-31
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     197,673 -197,673
b     163,859 -163,859
c     88,524 -88,524
d     642,101 -642,101
e 1,729,861     1,729,861
19,724     19,724
    1,593 -1,593
5,784     5,784
    2 -2
119,937     119,937
1,756,029     1,756,029
1,810,607     1,810,607
2,138,871     2,138,871
214,032     214,032
1,015,537     1,015,537
10,235     10,235
840,064     840,064
97,690     97,690
1,071,538     1,071,538
    32,920 -32,920
    146,003 -146,003
    148,578 -148,578
514,921     514,921
    2,611 -2,611
    19,011 -19,011
268     268
10,102     10,102
    14,065 -14,065
    171 -171
73,985     73,985
31     31
116     116
    40,512 -40,512
    47,813 -47,813
    53,196 -53,196
    94,492 -94,492
96,291   80,199 16,092
8,823,980   3,317,317 5,506,663
    3,187,475 -3,187,475
    1,036,903 -1,036,903
112,891     112,891
106,869     106,869
    133,659 -133,659
    98,638 -98,638
    706,734 -706,734
    1,867 -1,867
      0
      0
      0
251,165     251,165
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       -197,673
b       -163,859
c       -88,524
d       -642,101
e       1,729,861
      19,724
      -1,593
      5,784
      -2
      119,937
      1,756,029
      1,810,607
      2,138,871
      214,032
      1,015,537
      10,235
      840,064
      97,690
      1,071,538
      -32,920
      -146,003
      -148,578
      514,921
      -2,611
      -19,011
      268
      10,102
      -14,065
      -171
      73,985
      31
      116
      -40,512
      -47,813
      -53,196
      -94,492
      16,092
      5,506,663
      -3,187,475
      -1,036,903
      112,891
      106,869
      -133,659
      -98,638
      -706,734
      -1,867
      0
      0
      0
      251,165
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 10,564,612
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................................ 1 158,686
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........................... 3 158,686
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- ..... 5 158,686
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 224,762
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 60,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 284,762
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 10 126,076
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet126,076 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL, IL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletELAINE SIMADIS Telephone no.bullet (608) 710-4200

    Located atbullet111 NORTH FAIRCHILD STREET STE 300MADISONWI ZIP+4bullet53703
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    D GIDEON SEARLE TRUSTEE
    1.00     		0 0 0
    1055 THOMAS JEFFERSON ST NW SUITE L
    26
    WASHINGTON,DC20007
    MICHAEL D SEARLE FAMILY ADVISOR
    0.00     		0 0 0
    1055 THOMAS JEFFERSON ST NW SUITE L
    26
    WASHINGTON,DC20007
    WILLIAM H MELLOR GRANT ADVISOR
    1.00     		5,000 0 5,764
    1055 THOMAS JEFFERSON ST NW SUITE L
    26
    WASHINGTON,DC20007
    STEVEN F HAYWARD GRANT ADVISOR
    1.00     		11,500 0 12,934
    1055 THOMAS JEFFERSON ST NW SUITE L
    26
    WASHINGTON,DC20007
    KIMBERLY O DENNIS EXECUTIVE DIRECTOR
    40.00     		478,422 81,381 7,086
    1055 THOMAS JEFFERSON ST NW SUITE L
    26
    WASHINGTON,DC20007
    STEPHEN MOORE GRANT ADVISOR
    1.00     		11,500 0 11,500
    1055 THOMAS JEFFERSON ST NW SUITE L
    26
    WASHINGTON,DC20007
    JAMES PIERESON GRANT ADVISOR
    1.00     		7,500 0 7,500
    1055 THOMAS JEFFERSON ST NW SUITE L
    26
    WASHINGTON,DC20007
    KINSHIP TRUST COMPANY LLC TRUSTEE
    10.00     		950,000 0 0
    1055 THOMAS JEFFERSON ST NW SUITE L
    26
    WASHINGTON,DC20007
    ETHAN O MEERS FAMILY ADVISOR
    0.00     		0 0 0
    1055 THOMAS JEFFERSON ST NW SUITE L
    26
    WASHINGTON,DC20007
    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
    RICHARD J TREN PROGRAM OFFICER
    40.00     		222,569 42,150 3,609
    1055 THOMAS JEFFERSON ST NW SUITE L
    26
    WASHINGTON,DC20007
    COURTNEY E MYERS PROGRAM OFFICER
    40.00     		174,785 43,751 1,321
    1055 THOMAS JEFFERSON ST NW SUITE L
    26
    WASHINGTON,DC20007
    JENNIFER E MCDOUGAL OFFICE MANAGER
    40.00     		87,247 13,611 622
    1055 THOMAS JEFFERSON ST NW SUITE L
    26
    WASHINGTON,DC20007
    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
    GERARD ALEXANDER GRANTS IN HIGHER EDUCATION 80,496
    1055 THOMAS JEFFERSON ST NW SUITE L
    26
    WASHINGTON,DC20007
    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
    17,961,970
    b
    Average of monthly cash balances.......................
    1b
    7,614,020
    c
    Fair market value of all other assets (see instructions)................
    1c
    83,557,362
    d
    Total (add lines 1a, b, and c).........................
    1d
    109,133,352
    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
    109,133,352
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,637,000
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    107,496,352
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,374,818
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    5,374,818
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    158,686
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    158,686
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,216,132
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    5,216,132
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    5,216,132
    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
    24,676,270
    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
    24,676,270
    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
    24,676,270
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 5,216,132
    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...... 12,772,846
    b From 2016...... 11,087,288
    c From 2017...... 11,248,493
    d From 2018...... 16,919,722
    e From 2019...... 19,561,814
    fTotal of lines 3a through e........ 71,590,163
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 24,676,270
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 5,216,132
    e Remaining amount distributed out of corpus 19,460,138
    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 91,050,301
    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) ...     		12,772,846
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		78,277,455
    10 Analysis of line 9:
    a Excess from 2016.... 11,087,288
    b Excess from 2017.... 11,248,493
    c Excess from 2018.... 16,919,722
    d Excess from 2019.... 19,561,814
    e Excess from 2020.... 19,460,138
    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
    AMERICANS FOR FAIR TREATMENT
    225 STATE STREET SUITE 301
    HARRISBURG,PA17101     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 125,000
    CALVIN COOLIDGE PRESIDENTIAL FOUNDATION INC
    PO BOX 97
    PLYMOUTH,VT05056     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 15,000
    CATO INSTITUTE
    1000 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20001     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 75,000
    CATO INSTITUTE
    1001 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20001     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 200,000
    CENTER FOR INDEPENDENT THOUGHT
    50 MONUMENT ROAD SUITE 102
    BALA CYNWYD,PA19004     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 125,000
    CLAREMONT INSTITUTE
    1317 W FOOTHILL BLVD SUITE 120
    UPLAND,CA91786     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 130,000
    COPENHAGEN CONSENSUS CENTER
    1215 MAIN ST PMB SE132
    TEWKSBURY,MA01876     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 24,000
    EMPIRE CENTER FOR PUBLIC POLICY
    30 S PEARL STREET SUITE 1210
    ALBANY,NY12207     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 175,000
    EMPLOYMENT POLICIES INSTITUTE FOUNDATION
    1090 VERMONT AVENUE NW SUITE 800
    WASHINGTON,DC20005     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 300,000
    ENCOUNTER BOOKS
    900 BROADWAY SUITE 600
    NEW YORK,NY10003     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 25,000
    FEDERALIST SOCIETY FOR LAW AND PUBLIC POLICY STUDIES
    1776 I STREET NW SUITE 300
    WASHINGTON,DC20006     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 170,000
    FOUNDATION FOR INDIVIDUAL RIGHTS IN EDUCATION
    510 WALNUT STREET SUITE 1250
    PHILADELPHIA,PA19106     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 250,000
    FREEDOMWORKS FOUNDATION INC
    111 K STREET NE
    WASHINGTON,DC20002     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 100,000
    FREEDOMWORKS FOUNDATION INC
    111 K STREET NE
    WASHINGTON,DC20002     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 300,000
    GALEN INSTITUTE
    PO BOX 130
    PAEONIAN SPRINGS,VA20129     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 200,000
    GEORGE MASON UNIVERSITY FOUNDATION
    4400 UNIVERSITY DRIVE MS 1A3
    FAIRFAX,VA22030     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 700,000
    GEORGETOWN UNIVERSITY LAW CENTER
    600 NEW JERSEY AVENUE NW MCDONOUGH
    42
    WASHINGTON,DC20001     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 310,000
    INSTITUTE FOR HUMANE STUDIES
    VERNON SMITH HALL 3434 WASHINTON
    BLVD 1ST FLOOR
    ARLINGTON,VA22201     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 80,000
    INSTITUTE FOR HUMANE STUDIES
    VERNON SMITH HALL 3434 WASHINTON
    BLVD 1ST FLOOR
    ARLINGTON,VA22201     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 100,000
    JOB CREATORS NETWORK FOUNDATION
    15455 N DALLAS PARKWAY SUITE 600
    ADDISON,TX75001     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 50,000
    LINCOLN NETWORK
    2443 FILLMORE ST 380-3386
    SAN FRANCISCO,CA94115     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 150,000
    LUCY BURNS INSTITUTE
    8383 GREENWAY BLVD SUITE 600
    MIDDLETON,WI53562     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 95,000
    MACKINAC CENTER FOR PUBLIC POLICY
    1400 WEST MAIN PO BOX 568
    MIDLAND,MI48640     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 500,000
    MANHATTAN INSTITUTE FOR POLICY RESEARCH INC
    52 VANDERBILT AVENUE
    NEW YORK,NY10017     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 200,000
    NATIONAL ALLIANCE FOR PUBLIC CHARTER SCHOOLS
    1425 K STREET SUITE 900
    WASHINGTON,DC20005     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 125,000
    OKLAHOMA COUNCIL FOR PUBLIC AFFAIRS
    1401 N LINCOLN BLVD
    OKLAHOMA CITY,OK73104     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 150,000
    PACIFIC RESEARCH INSTITUTE
    PO BOX 60485
    SAN FRANCISCO,CA91116     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 125,000
    PEOPLE UNITED FOR PRIVACY FOUNDATION
    1655 NORTH FORT MYER DRIVE SUITE
    360
    ARLINGTON,VA22209     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 100,000
    PHILANTHROPY ROUNDTABLE
    1120 20TH STREET NW SUITE 550 SOUTH
    WASHINGTON,DC20036     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 300,000
    SAGAMORE INSTITUTE
    2902 NO MERIDIAN ST
    INDIANAPOLIS,IN46205     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 200,000
    STATE POLICY NETWORK
    1655 NORTH FORT MYER DRIVE SUITE 36
    ARLINGTON,VA22209     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 125,000
    TRUTH IN ACCOUNTING
    118 N CLINTON STREET SUITE 206
    CHICAGO,IL60661     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 125,000
    UCLA FOUNDATION
    PO BOX 7145
    PASADENA,CA91109     		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 25,000
    FEDERALIST SOCIETY FOR LAW AND PUBLIC POLICY STUDIES
    1776 I STREET NW SUITE 300
    WASHINGTON,DC20006     		  OTHER PUBLIC CHARITY FELLOWSHIPS 418,500
    HUDSON INSTITUTE
    1201 PENNSYLVANIA AVENUE SUITE 400
    WASHINGTON,DC20004     		  OTHER PUBLIC CHARITY FELLOWSHIPS 150,000
    INDIANA UNIVERSITY FOUNDATION
    513 N PARK AVENUE
    BLOOMINGTON,IN47401     		  OTHER PUBLIC CHARITY FELLOWSHIPS 61,500
    INSTITUTE FOR HUMANE STUDIES
    VERNON SMITH HALL 3434 WASHINTON
    BLVD 1ST FLOOR
    ARLINGTON,VA22201     		  OTHER PUBLIC CHARITY FELLOWSHIPS 275,000
    KINSHIP FOUNDATION
    PO BOX 1707
    MADISON,WI53701     		  OTHER PUBLIC CHARITY FELLOWSHIPS 60,000
    MERCATUS CENTER
    3434 WASHINGTON BOULEVARD 4TH FLOOR
    ARLINGTON,VA22201     		  OTHER PUBLIC CHARITY FELLOWSHIPS 200,000
    PEPPERDINE UNIVERSITY
    24255 PACIFIC COAST HWY DRESCHER
    CAMPUS
    MALIBU,CA90263     		  OTHER PUBLIC CHARITY FELLOWSHIPS 150,000
    PROPERTY AND ENVIRONMENT RESEARCH CENTER
    2048 ANALYSIS DRIVE SUITE A
    BOZEMAN,MT59718     		  OTHER PUBLIC CHARITY FELLOWSHIPS 100,000
    BALAKER MEDIA FOUNDATION
    5256 S MISSION ROAD STE 703 323
    BONSALL,CA92003     		  OTHER PUBLIC CHARITY FILM AND NEW MEDIA 80,000
    FREE TO CHOOSE NETWORK INC
    2002 FILMORE AVENUE
    ERIE,PA16506     		  OTHER PUBLIC CHARITY FILM AND NEW MEDIA 125,000
    INSTITUTE FOR JUSTICE
    901 N GLEBE ROAD SUITE 900
    ARLINGTON,VA22203     		  OTHER PUBLIC CHARITY FILM AND NEW MEDIA 50,000
    MOVING PICTURE INSTITUTE
    375 GREENWICH STREET
    NEW YORK,NY10013     		  OTHER PUBLIC CHARITY FILM AND NEW MEDIA 457,380
    REASON FOUNDATION
    5737 MESMER AVENUE
    LOS ANGELES,CA90230     		  OTHER PUBLIC CHARITY FILM AND NEW MEDIA 61,600
    REASON FOUNDATION
    5737 MESMER AVENUE
    LOS ANGELES,CA90230     		  OTHER PUBLIC CHARITY FILM AND NEW MEDIA 600,000
    TALIESIN NEXUS
    453 S SPRING STREET 222
    LOS ANGELES,CA90013     		  OTHER PUBLIC CHARITY FILM AND NEW MEDIA 250,000
    TALIESIN NEXUS
    453 S SPRING STREET 222
    LOS ANGELES,CA90013     		  OTHER PUBLIC CHARITY FILM AND NEW MEDIA 50,000
    TALIESIN NEXUS
    453 S SPRING STREET 222
    LOS ANGELES,CA90013     		  OTHER PUBLIC CHARITY FILM AND NEW MEDIA 81,000
    VMTS EDUCATION INC
    137 N MONTAGUE STREET 132
    BROOKLYN,NY11201     		  OTHER PUBLIC CHARITY FILM AND NEW MEDIA 250,000
    AMERICAN PRIVATE RADIO
    1739 UNIVERSITY AVE 342
    OXFORD,MS38655     		  OTHER PUBLIC CHARITY JOURNALISM 100,000
    CAPITAL RESEARCH CENTER
    1513 16TH STREET NW
    WASHINGTON,DC20036     		  OTHER PUBLIC CHARITY JOURNALISM 100,000
    FRANKLIN NEWS FOUNDATION
    20 N CLARK STREET SUITE 3300
    CHICAGO,IL60602     		  OTHER PUBLIC CHARITY JOURNALISM 200,000
    NATIONAL AFFAIRS
    1789 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20036     		  OTHER PUBLIC CHARITY JOURNALISM 250,000
    REAL CLEAR FOUNDATION
    666 DUNDEE ROAD BLDG 600
    NORTHBROOK,IL60062     		  OTHER PUBLIC CHARITY JOURNALISM 200,000
    STUDENT FREE PRESS ASSOCIATION
    PO BOX 76
    HILLSDALE,MI49242     		  OTHER PUBLIC CHARITY JOURNALISM 120,000
    THE DAILY CALLER NEWS FOUNDATION
    1737 H STREET NW SUITE 100
    WASHINGTON,DC20006     		  OTHER PUBLIC CHARITY JOURNALISM 180,000
    COMPETITIVE ENTERPRISE INSTITUTE
    1310 L STREET 7TH FLOOR
    WASHINGTON,DC20005     		  OTHER PUBLIC CHARITY LITIGATION 125,000
    FREEDOM FOUNDATION
    PO BOX 522
    OLYMPIA,WA98507     		  OTHER PUBLIC CHARITY LITIGATION 300,000
    GEORGE MASON UNIVERSITY FOUNDATION
    4400 UNIVERSITY DRIVE MS 1A3
    FAIRFAX,VA22030     		  OTHER PUBLIC CHARITY LITIGATION 250,000
    GEORGE MASON UNIVERSITY FOUNDATION
    4400 UNIVERSITY DRIVE MS 1A3
    FAIRFAX,VA22030     		  OTHER PUBLIC CHARITY LITIGATION 300,000
    GOLDWATER INSTITUTE
    500 E CORONADO ROAD
    PHOENIX,AZ85004     		  OTHER PUBLIC CHARITY LITIGATION 250,000
    HAMILTON LINCOLN LAW INSTITUTE
    1629 K ST NW SUITE 300
    WASHINGTON,DC20006     		  OTHER PUBLIC CHARITY LITIGATION 300,000
    INSTITUTE FOR FREE SPEECH
    1150 CONNECTICUT AVENUE NW SUITE
    801
    WASHINGTON,DC20036     		  OTHER PUBLIC CHARITY LITIGATION 100,000
    INSTITUTE FOR JUSTICE
    901 N GLEBE ROAD SUITE 900
    ARLINGTON,VA22203     		  OTHER PUBLIC CHARITY LITIGATION 350,000
    INSTITUTE FOR JUSTICE
    901 N GLEBE ROAD SUITE 900
    ARLINGTON,VA22203     		  OTHER PUBLIC CHARITY LITIGATION 100,000
    LIBERTY JUSTICE CENTER
    208 S LASALLE STREET SUITE 1690
    CHICAGO,IL60604     		  OTHER PUBLIC CHARITY LITIGATION 250,000
    NATIONAL TAXPAYERS UNION FOUNDATION
    122 C STREET NW SUITE 650
    WASHINGTON,DC20001     		  OTHER PUBLIC CHARITY LITIGATION 150,000
    NEW CIVIL LIBERTIES ALLIANCE
    1225 19TH STREET NW SUITE 450
    WASHINGTON,DC20036     		  OTHER PUBLIC CHARITY LITIGATION 300,000
    PACIFIC LEGAL FOUNDATION
    555 CAPITOL MALL SUITE 1290
    SACRAMENTO,CA95814     		  OTHER PUBLIC CHARITY LITIGATION 500,000
    SPEECH FIRST
    1300 I STREET NW SUITE 400E
    WASHINGTON,DC20005     		  OTHER PUBLIC CHARITY LITIGATION 125,000
    TEXAS PUBLIC POLICY FOUNDATION
    901 CONGRESS AVENUE
    AUSTIN,TX78701     		  OTHER PUBLIC CHARITY LITIGATION 125,000
    THE FAIRNESS CENTER
    500 N THIRD STREET FLOOR 2
    HARRISBURG,PA17101     		  OTHER PUBLIC CHARITY LITIGATION 150,000
    FEDERALIST SOCIETY FOR LAW AND PUBLIC POLICY STUDIES
    1776 I STREET NW SUITE 300
    WASHINGTON,DC20006     		  OTHER PUBLIC CHARITY ONLINE EDUCATION 52,350
    AMERICAN ENTERPRISE INSTITUTE
    1789 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20036     		  OTHER PUBLIC CHARITY RESEARCH 1,250,000
    AMERICAN LEGISLATIVE EXCHANGE COUNCIL
    2900 CRYSTAL DRIVE 6TH FLOOR
    ARLINGTON,VA22202     		  OTHER PUBLIC CHARITY RESEARCH 325,000
    AMERICAN TRANSPARENCY
    200 S FRONTAGE RD SUITE 106
    BURR RIDGE,IL60527     		  OTHER PUBLIC CHARITY RESEARCH 150,000
    BUCKEYE INSTITUTE
    88 EAST BROAD ST SUITE 1300
    COLUMBUS,OH43215     		  OTHER PUBLIC CHARITY RESEARCH 100,000
    CATO INSTITUTE
    1002 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20001     		  OTHER PUBLIC CHARITY RESEARCH 275,000
    CENTER FOR OPPORTUNITY URBANISM
    3900 ESSEN LANE 1200
    HOUSTON,TX77027     		  OTHER PUBLIC CHARITY RESEARCH 90,000
    CO2 COALITION
    1621 N KENT STREET SUITE 603
    ARLINGTON,VA22209     		  OTHER PUBLIC CHARITY RESEARCH 100,000
    COMMITTEE TO UNLEASH PROSPERITY
    9008 BELMART ROAD
    POTOMAC,MD20854     		  OTHER PUBLIC CHARITY RESEARCH 150,000
    COMPETITIVE ENTERPRISE INSTITUTE
    1311 L STREET 7TH FLOOR
    WASHINGTON,DC20005     		  OTHER PUBLIC CHARITY RESEARCH 325,000
    FOUNDATION FOR GOVERNMENT ACCOUNTABILITY
    15275 COLLIER BLVD SUITE 201-279
    NAPLES,FL34119     		  OTHER PUBLIC CHARITY RESEARCH 600,000
    FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY
    201 WEST FIFTH STREET SUITE 1100
    AUSTIN,TX78701     		  OTHER PUBLIC CHARITY RESEARCH 75,000
    FRASER INSTITUTE
    1055 THOMAS JEFFERSON ST
    WASHINGTON,DC20007     		  OTHER PUBLIC CHARITY RESEARCH 125,000
    GEORGE MASON UNIVERSITY FOUNDATION
    4400 UNIVERSITY DRIVE MS 1A3
    FAIRFAX,VA22030     		  OTHER PUBLIC CHARITY RESEARCH 300,000
    GEORGE WASHINGTON UNIVERSITY
    805 21ST ST NW SUITE 600
    WASHINGTON,DC20052     		  OTHER PUBLIC CHARITY RESEARCH 500,000
    GOVERNMENT ACCOUNTABILITY INSTITUTE
    1414 PIEDMONT DRIVE EAST
    TALLAHASSEE,FL32308     		  OTHER PUBLIC CHARITY RESEARCH 130,000
    HARVARD UNIVERSITY
    TAUBMAN 304 79 JFK STREET
    CAMBRIDGE,MA02138     		  OTHER PUBLIC CHARITY RESEARCH 50,000
    HERITAGE FOUNDATION
    214 MASSACHUSETTS AVENUE NE
    WASHINGTON,DC20002     		  OTHER PUBLIC CHARITY RESEARCH 100,000
    HOOVER INSTITUTION
    434 GALVEZ MALL
    STANFORD,CA94305     		  OTHER PUBLIC CHARITY RESEARCH 80,000
    ILLINOIS POLICY INSTITUTE
    300 S RIVERSIDE PLAZA SUITE 1650
    CHICAGO,IL60606     		  OTHER PUBLIC CHARITY RESEARCH 200,000
    INSTITUTE FOR ENERGY RESEARCH
    1155 15TH STREET NW SUITE 900
    WASHINGTON,DC20005     		  OTHER PUBLIC CHARITY RESEARCH 80,000
    MANHATTAN INSTITUTE FOR POLICY RESEARCH INC
    52 VANDERBILT AVENUE
    NEW YORK,NY10017     		  OTHER PUBLIC CHARITY RESEARCH 100,000
    MANHATTAN INSTITUTE FOR POLICY RESEARCH INC
    52 VANDERBILT AVENUE
    NEW YORK,NY10017     		  OTHER PUBLIC CHARITY RESEARCH 100,000
    MANHATTAN INSTITUTE FOR POLICY RESEARCH INC
    52 VANDERBILT AVENUE
    NEW YORK,NY10017     		  OTHER PUBLIC CHARITY RESEARCH 50,000
    MANHATTAN INSTITUTE FOR POLICY RESEARCH INC
    52 VANDERBILT AVENUE
    NEW YORK,NY10017     		  OTHER PUBLIC CHARITY RESEARCH 50,000
    MERCATUS CENTER
    3434 WASHINGTON BOULEVARD 4TH FLOOR
    ARLINGTON,VA22201     		  OTHER PUBLIC CHARITY RESEARCH 350,000
    NATIONAL TAXPAYERS UNION FOUNDATION
    122 C STREET NW SUITE 650
    WASHINGTON,DC20001     		  OTHER PUBLIC CHARITY RESEARCH 100,000
    PACIFIC RESEARCH INSTITUTE
    PO BOX 60485
    SAN FRANCISCO,CA91116     		  OTHER PUBLIC CHARITY RESEARCH 100,000
    PACIFIC RESEARCH INSTITUTE
    PO BOX 60485
    SAN FRANCISCO,CA91116     		  OTHER PUBLIC CHARITY RESEARCH 25,000
    PROPERTY AND ENVIRONMENT RESEARCH CENTER
    2048 ANALYSIS DRIVE SUITE A
    BOZEMAN,MT59718     		  OTHER PUBLIC CHARITY RESEARCH 255,000
    REASON FOUNDATION
    5737 MESMER AVENUE
    LOS ANGELES,CA90230     		  OTHER PUBLIC CHARITY RESEARCH 250,000
    STATE POLICY NETWORK
    1655 NORTH FORT MYER DRIVE SUITE 36
    ARLINGTON,VA22209     		  OTHER PUBLIC CHARITY RESEARCH 60,000
    STATE POLICY NETWORK
    1655 NORTH FORT MYER DRIVE SUITE 36
    ARLINGTON,VA22209     		  OTHER PUBLIC CHARITY RESEARCH 300,000
    STATE POLICY NETWORK
    1655 NORTH FORT MYER DRIVE SUITE 36
    ARLINGTON,VA22209     		  OTHER PUBLIC CHARITY RESEARCH 298,000
    TAX FOUNDATION
    1325 G STREET NW SUITE 950
    WASHINGTON,DC20005     		  OTHER PUBLIC CHARITY RESEARCH 600,000
    TEXAS PUBLIC POLICY FOUNDATION
    901 CONGRESS AVENUE
    AUSTIN,TX78701     		  OTHER PUBLIC CHARITY RESEARCH 225,000
    THE 21ST CENTURY CITIES INITITATIVE AT JOHNS HOPKINS UNIVERSITY
    WYMAN PARK BUILDING 527 3100 WYMAN
    PARK DRIVE
    BALTIMORE,MD21211     		  OTHER PUBLIC CHARITY RESEARCH 65,000
    UNIVERSITY OF COLORADO FOUNDATION
    1420 AUSTIN BLUFFS PARKWAY
    UNIVERSITY OF COLORADO COLORADO SPR
    COLORADO SPRINGS,CO80918     		  OTHER PUBLIC CHARITY RESEARCH 43,200
    UNIVERSITY OF PENNSYLVANIA
    UNIVERSITY OF PHILADELPHIA
    PHILADELPHIA,PA19104     		  OTHER PUBLIC CHARITY RESEARCH 205,000
    WIREPOINTS CORP
    820 LAKE AVENUE
    WILMETTE,IL60091     		  OTHER PUBLIC CHARITY RESEARCH 75,000
    FLOW THROUGH CONTRIBUTIONS FROM KTC HEDGE PRODUCTS LLC
    PO BOX 1707
    MADISON,WI53701     		  OTHER PUBLIC CHARITY THE UNRESTRICTED USE OF THE CHARITY 62
    Total .................................bullet 3a 22,227,592
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 207,288  
    4 Dividends and interest from securities....     14 1,117,478  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     14 8,997  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 566,163  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 10,716,446  
    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 12,616,372 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    12,616,372
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE SEARLE FREEDOM TRUST
     
    C/O KINSHIP LLC
    EIN:
    36-7244615
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 6,827 6,827   0

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    TY 2020 DepreciationSchedule
    Name:
    THE SEARLE FREEDOM TRUST
     
    C/O KINSHIP LLC
    EIN:
    36-7244615
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    3 ENTRYWAY CHAIRS 2006-10-13 712 712 SL 7.000000000000 0 0    
    COUCH 2006-08-15 1,397 1,397 SL 7.000000000000 0 0    
    LOBBY DISPLAY 2006-10-17 3,627 3,627 SL 7.000000000000 0 0    
    8 ZODY TASK CHAIRS 2006-11-10 3,736 3,736 SL 7.000000000000 0 0    
    2 SMALL FILE CABINETS 1814M 2006-10-26 308 308 SL 7.000000000000 0 0    
    2 SMALL FILE CABINETS 1813M 2006-10-26 321 321 SL 7.000000000000 0 0    
    FULL BOOKCASE 2006-11-06 1,208 1,208 SL 7.000000000000 0 0    
    TABLE 36" 2006-11-06 1,227 1,227 SL 7.000000000000 0 0    
    TABLE 42" 2006-11-06 1,440 1,440 SL 7.000000000000 0 0    
    CREDENZA 2006-11-06 2,074 2,074 SL 7.000000000000 0 0    
    OFS DESK 2006-11-06 3,254 3,254 SL 7.000000000000 0 0    
    4 LAT FILE/BOOKCASE 2006-11-06 7,522 7,522 SL 7.000000000000 0 0    
    6 OFS DESKS 2006-11-06 18,541 18,541 SL 7.000000000000 0 0    
    3 LARGE FILE CABINETS 2006-11-06 1,662 1,662 SL 7.000000000000 0 0    
    11 SIDE CHAIRS (BINGO) 2006-12-14 2,756 2,756 SL 7.000000000000 0 0    
    2 LEATHER CHAIRS 2006-09-02 628 628 SL 7.000000000000 0 0    
    HP NETWORK SWITCH 2006-10-30 500 500 SL 5.000000000000 0 0    
    HP COLOR PRINTER 2006-10-30 699 699 SL 5.000000000000 0 0    
    COPY MACHINE 2006-09-18 1,528 1,528 SL 5.000000000000 0 0    
    1 DESK, 3 LATERAL FILES/BOOKSHELF 2007-03-14 8,095 8,095 SL 7.000000000000 0 0    
    6 ZODY TASK CHAIRS 2007-04-13 2,765 2,765 SL 7.000000000000 0 0    
    1 DESKS, 2 LATERAL FILES 2007-05-14 4,682 4,682 SL 7.000000000000 0 0    
    CHICAGO SHELVING BOOKCASE 2007-03-29 1,797 1,797 SL 7.000000000000 0 0    
    1 BOOKCASE, 2 ORGANIZERS 2008-04-02 2,408 2,408 SL 7.000000000000 0 0    
    5 DELL COMPUTERS 2010-06-07 3,895 3,895 SL 5.000000000000 0 0    
    WINDOWS 7 PROFESSIONAL SOFTWARE 2010-06-07 636 636 SL 3.000000000000 0 0    
    IPAD - MDS 2010-08-01 629 629 SL 5.000000000000 0 0    
    IPAD - SM/JP 2010-08-01 1,258 1,258 SL 5.000000000000 0 0    
    IPAD - SH 2010-04-30 629 629 SL 5.000000000000 0 0    
    4 DRAWER LATERAL FILE 2011-06-15 936 936 SL 7.000000000000 0 0    
    MICROEDGE GIFTS 2011-02-17 10,750 10,750 SL 3.000000000000 0 0    
    IPAD - RT 2012-08-27 778 778 SL 5.000000000000 0 0    
    3 CHAIRS 2012-04-02 5,670 5,670 SL 7.000000000000 0 0    
    21 CHAIRS 2012-04-27 13,968 13,965 SL 7.000000000000 0 0    
    SOFABED 2012-04-27 796 796 SL 7.000000000000 0 0    
    WARDROBE & LOUNGE CHAIR 2012-05-29 1,117 1,117 SL 7.000000000000 0 0    
    ARMOIRE 2012-05-29 2,700 2,700 SL 7.000000000000 0 0    
    COCKTAIL TABLE AND BARSTOOLS 2012-05-29 3,147 3,147 SL 7.000000000000 0 0    
    TASK CHAIRS 2012-06-21 3,543 3,543 SL 7.000000000000 0 0    
    FOOTSTOOL 2012-07-03 494 494 SL 7.000000000000 0 0    
    2 OFFICE CHAIRS 2012-09-18 2,635 2,632 SL 7.000000000000 0 0    
    BAR CART 2012-12-21 1,681 1,681 SL 7.000000000000 0 0    
    CONFERENCE TABLE 2012-12-21 2,738 2,738 SL 7.000000000000 0 0    
    MAC BOOK AIR 2013-10-28 1,428 1,428 SL 5.000000000000 0 0    
    PCM SAMSUNG TABLET 2013-10-28 1,689 1,689 SL 5.000000000000 0 0    
    IPAD - GA 2013-11-18 854 854 SL 5.000000000000 0 0    
    IPAD - CM AND KD 2013-11-18 1,624 1,624 SL 5.000000000000 0 0    
    EPSON PROJECTOR 2013-11-18 997 997 SL 5.000000000000 0 0    
    IPAD - EOM 2013-12-31 871 871 SL 5.000000000000 0 0    
    IPAD - COMPANY 2014-07-28 613 613 SL 5.000000000000 0 0    
    LENOVA LAPTOP 2014-10-31 846 846 SL 5.000000000000 0 0    
    FIREWALL 2014-12-01 817 817 SL 3.000000000000 0 0    
    8 ZODY TASK CHAIRS 2015-12-24 6,979 3,988 SL 7.000000000000 997 0    
    DELL LAPTOP 2015-04-07 523 498 SL 5.000000000000 25 0    
    ERESOURCES PC 2016-03-16 5,731 4,298 SL 5.000000000000 1,146 0    

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    TY 2020 ExpenditureResponsibilityStmt
    Name:
    THE SEARLE FREEDOM TRUST
     
    C/O KINSHIP LLC
    EIN:
    36-7244615
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    KINSHIP FOUNDATION
          		PO BOX 1707
    MADISON,WI53701     		2020-12-04 60,000 THE PURPOSE OF THIS DISTRIBUTION WAS TO PROVIDE OPERATING FUNDING TO ENABLE KINSHIP TO BETTER CARRY ON ITS OWN CHARITABLE ACTIVITIES AND PROVIDE ADMINISTRATIVE SUPPORT TO OTHER SECTION 501(C)(3) ORGANIZATIONS. 60,000 NO PART OF THE GRANT WAS USED OTHER THAN FOR ITS INTENDED PURPOSE REPORT DATED MAY 6, 2021 WAS RECEIVED FROM THE GRANTEE   THE GRANTOR NEED NOT CONDUCT ANY INDEPENDENT VERIFICATION OF SUCH REPORTS UNLESS IT HAS REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. 53.4945-5(C)(1).

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE SEARLE FREEDOM TRUST
     
    C/O KINSHIP LLC
    EIN:
    36-7244615
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ADVENT INTERNATIONAL GPE V AT COST 686,767 74,112
    KTC STRATEGIC OPPS AT COST 6,226,778 8,287,714
    MADISON DEARBORN CAPITAL PARTNERS IV AT COST 0 26,507
    MERRILL LYNCH - 457 PLAN AT COST 174,411 174,411
    PROSPECT VENTURES III AT COST 224,708 335,590
    QUARTER CENTURY AT COST 341,552 20,066
    RHO VENTURES V AT COST 248,394 476,259
    SB PARTNERS AT COST 179,808 274,680
    SCF VI AT COST 175,070 60,099
    THE ADVISORS AT COST 1,518,889 437,018
    KTC HEDGE PRODUCTS AT COST 26,249,575 27,575,274
    KINSHIP PARTNERS III AT COST 38,198 118,226
    ADVISORS IV AT COST 10,091,378 1,066,814
    APACHE OFFSHORE AT COST 11,599 9,752
    BENCHMARK CAPITAL V AT COST 608,390 695,514
    FOUNDATION CAPITAL IV AT COST 1,776 1,575
    HOLDEN VENTURES IIID AT COST 638,120 1,134,766
    ISHARES 3-7 YR TREASURY BOND ETF AT COST 277,455 305,854
    ISHARES BARCLAYS 1-3 YR TR ETF AT COST 506,475 518,280
    FOUNDATION CAPITAL V AT COST 419,084 939,184
    1LIFE HEALTHCARE INC AT COST 6,763 475,741
    DODGE & COX INT'L STK FUND AT COST 5,967,540 5,182,046
    FRONTIER MFG GLOBAL EQUITY FUND AT COST 15,000,000 14,950,528
    ISHARES MSCI EAFE ETF AT COST 5,526,375 4,792,742
    T ROWE PRICE INST LARGE CAP AT COST 7,972,501 28,443,401
    VANGUARD FTSE EMERGING MARKETS ETF AT COST 13,024,505 9,315,249

    TY 2020 LandEtcSchedule2
    Name:
    THE SEARLE FREEDOM TRUST
     
    C/O KINSHIP LLC
    EIN:
    36-7244615
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    3 ENTRYWAY CHAIRS 712 712 0  
    COUCH 1,397 1,397 0  
    LOBBY DISPLAY 3,627 3,627 0  
    8 ZODY TASK CHAIRS 3,736 3,736 0  
    2 SMALL FILE CABINETS 1814M 308 308 0  
    2 SMALL FILE CABINETS 1813M 321 321 0  
    FULL BOOKCASE 1,208 1,208 0  
    TABLE 36" 1,227 1,227 0  
    TABLE 42" 1,440 1,440 0  
    CREDENZA 2,074 2,074 0  
    OFS DESK 3,254 3,254 0  
    4 LAT FILE/BOOKCASE 7,522 7,522 0  
    6 OFS DESKS 18,541 18,541 0  
    3 LARGE FILE CABINETS 1,662 1,662 0  
    11 SIDE CHAIRS (BINGO) 2,756 2,756 0  
    2 LEATHER CHAIRS 628 628 0  
    HP NETWORK SWITCH 500 500 0  
    HP COLOR PRINTER 699 699 0  
    COPY MACHINE 1,528 1,528 0  
    1 DESK, 3 LATERAL FILES/BOOKSHELF 8,095 8,095 0  
    6 ZODY TASK CHAIRS 2,765 2,765 0  
    1 DESKS, 2 LATERAL FILES 4,682 4,682 0  
    CHICAGO SHELVING BOOKCASE 1,797 1,797 0  
    1 BOOKCASE, 2 ORGANIZERS 2,408 2,408 0  
    5 DELL COMPUTERS 3,895 3,895 0  
    WINDOWS 7 PROFESSIONAL SOFTWARE 636 636 0  
    IPAD - MDS 629 629 0  
    IPAD - SM/JP 1,258 1,258 0  
    IPAD - SH 629 629 0  
    4 DRAWER LATERAL FILE 936 936 0  
    MICROEDGE GIFTS 10,750 10,750 0  
    IPAD - RT 778 778 0  
    3 CHAIRS 5,670 5,670 0  
    21 CHAIRS 13,968 13,965 3  
    SOFABED 796 796 0  
    WARDROBE & LOUNGE CHAIR 1,117 1,117 0  
    ARMOIRE 2,700 2,700 0  
    COCKTAIL TABLE AND BARSTOOLS 3,147 3,147 0  
    TASK CHAIRS 3,543 3,543 0  
    FOOTSTOOL 494 494 0  
    2 OFFICE CHAIRS 2,635 2,632 3  
    BAR CART 1,681 1,681 0  
    CONFERENCE TABLE 2,738 2,738 0  
    MAC BOOK AIR 1,428 1,428 0  
    PCM SAMSUNG TABLET 1,689 1,689 0  
    IPAD - GA 854 854 0  
    IPAD - CM AND KD 1,624 1,624 0  
    EPSON PROJECTOR 997 997 0  
    IPAD - EOM 871 871 0  
    IPAD - COMPANY 613 613 0  
    LENOVA LAPTOP 846 846 0  
    FIREWALL 817 817 0  
    8 ZODY TASK CHAIRS 6,979 4,985 1,994  
    DELL LAPTOP 523 523 0  
    ERESOURCES PC 5,731 5,444 287  


    TY 2020 OtherAssetsSchedule
    Name:
    THE SEARLE FREEDOM TRUST
     
    C/O KINSHIP LLC
    EIN:
    36-7244615
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DISTRIBUTIONS RECEIVABLE 3,550 219,264 219,264
    SECURITY DEPOSITS 78,895 78,895 78,895
    PREPAID GRANTS 150,000 150,000 150,000
    MISCELLANEOUS RECEIVABLES 257 134 134


    TY 2020 OtherDecreasesSchedule
    Name:
    THE SEARLE FREEDOM TRUST
     
    C/O KINSHIP LLC
    EIN:
    36-7244615
    Description Amount
    CLEAN UP OF PRIOR YEAR BALANCE SHEET ACCOUNTS 1,688,921


    TY 2020 OtherExpensesSchedule
    Name:
    THE SEARLE FREEDOM TRUST
     
    C/O KINSHIP LLC
    EIN:
    36-7244615
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 18,294 18,294   0
    MISCELLANEOUS 297 0   297
    PORTFOLIO DEDUCTIONS VIA ADVENT INTERNATIONAL GPE V 1,709 1,709   0
    OTHER DEDUCTIONS VIA ADVISORS IV 5,590 5,590   0
    PORTFOLIO DEDUCTIONS VIA BENCHMARK CAPITAL V 521 521   0
    OTHER DEDUCTIONS VIA ENCAP ENERGY FUND V 1,489 1,489   0
    OTHER DEDUCTIONS VIA FOUNDATION CAPITAL IV 33 33   0
    OTHER DEDUCTIONS VIA FOUNDATION CAPITAL V 126 126   0
    OTHER DEDUCTIONS VIA HOLDEN VENTURES IIID 2,615 2,615   0
    OTHER DEDUCTIONS VIA KINSHIP PARTNERS III 106 106   0
    OTHER DEDUCTIONS VIA KTC DEVELOPED INTERNATIONAL 16,496 16,496   0
    OTHER DEDUCTIONS VIA MADISON DEARBORN IV 51 51   0
    OTHER DEDUCTIONS VIA PROSPECT VENTURE PARTNERS III 594 594   0
    OTHER DEDUCTIONS VIA RHO VENTURES V 863 863   0
    OTHER DEDUCTIONS VIA QUC 5,242 5,242   0
    OTHER DEDUCTIONS VIA KTC HEDGE FUND PRODUCTS 389,894 389,894   0
    OTHER DEDUCTIONS VIA KTC INTERNATIONAL EMERGING 43,701 43,701   0
    OTHER DEDUCTIONS VIA KTC LARGE GROWTH FUND 19,478 19,478   0
    OTHER DEDUCTIONS VIA LARGE VALUE FUND 27,533 27,533   0
    OTHER DEDUCTIONS VIA KTC SMALL CAP FUND 26,676 26,676   0
    OTHER DEDUCTIONS VIA KTC STRATEGIC OPPERATIONS 42,522 42,522   0
    OTHER DEDUCTIONS VIA SCF VI 89 89   0
    POSTAGE/SUPPLIES/SHIPPING 6,496 0   6,496
    PROPERTY & LIABILITY INSURANCE 904 0   904
    EQUIPMENT RENTAL/MAINT 4,952 0   4,952
    CONSULTING 84,996 0   84,996
    COMPUTERS & TECHNOLOGY 19,659 0   19,659
    MEALS & ENTERTAINMENT 6,497 0   6,497
    FILING FEES 25 0   25
    SEC 59(E)(2) EXPENDITURES VIA KTC HEDGE FUND PRODUCTS 8,881 8,881   0
    TELEPHONE 11,431 0   11,431
    MEETINGS, CONFERENCES, AND SEMINARS 275 0   275
    PAYROLL FEES 3,395 0   3,395
    SEC 179 DEDUCTION VIA ADVISORS 2,009 2,009   0
    NON-DEDUCTIBLE EXP VIA ADVISORS 625 0   0
    NON-DEDUCTIBLE EXP VIA KTC HEDGE PRODUCTS 520 0   0
    REIMBURSED EXPENSES FROM PRIOR YEAR 0 0   -9,089
    UNREALIZED GAIN -22,131 0   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE SEARLE FREEDOM TRUST
     
    C/O KINSHIP LLC
    EIN:
    36-7244615
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FLOW THROUGH CANCELLATION OF DEBT INCOME FROM ADVISORS IV 51 51 51
    FLOW THROUGH CANCELLATION OF DEBT INCOME FROM KTC HEDGE FUND PRODUCTS 205 205 205
    FLOW THROUGH ORDINARY INCOME ADVISORS 18,449 18,449 18,449
    FLOW THROUGH ORDINARY INCOME APACHE OFFSHORE -496 -496 -496
    FLOW THROUGH ORDINARY INCOME KTC HEDGE FUND PRODUCTS 226,403 226,403 226,403
    FLOW THROUGH ORDINARY INCOME QUARTER CENTURY 93 93 93
    FLOW THROUGH ORDINARY INCOME SB PARTNERS 5,588 5,588 5,588
    FLOW THROUGH OTHER INCOME FROM KTC DEVELOPED 346 346 346
    FLOW THROUGH OTHER INCOME FROM KTC HEDGE 116,651 116,651 116,651
    FLOW THROUGH OTHER INCOME FROM RHO VENTURES 423 423 423
    FLOW THROUGH OTHER INCOME FROM KTC INTERNATIONAL EMERGING 187,852 187,852 187,852
    FLOW THROUGH OTHER INCOME FROM KTC STRATEGIC OPPERATIONS -1,336 -1,336 -1,336
    FLOW THROUGH OTHER INCOME FROM PROSPECT VENTURES III 108 108 108
    FLOW THROUGH OTHER PORTFOLIO INCOME FROM ADVISORS IV 10,164 10,164 10,164
    FLOW THROUGH OTHER PORTFOLIO INCOME FROM KTC HEDGE PRODUCTS -8,158 -8,158 -8,158
    FLOW THROUGH OTHER PORTFOLIO INCOME FROM KTC STRATEGIC 61 61 61
    FLOW THROUGH TAX EXEMPT OTHER INCOME FROM KTC HEDGE PRODUCTS 115 115 115
    STATE TAX REFUND 482 0 482
    UBTI ADJUSTMENT   14,304  
    OTHER MISCELLANEOUS INCOME 9,089 0 9,089
    UNEMPLOYMENT COMPENSATION REFUND 73 0 73


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE SEARLE FREEDOM TRUST
     
    C/O KINSHIP LLC
    EIN:
    36-7244615
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED COMPENSATION LIABILITY 115,858 140,661


    TY 2020 TaxesSchedule
    Name:
    THE SEARLE FREEDOM TRUST
     
    C/O KINSHIP LLC
    EIN:
    36-7244615
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE TAXES 17,057 0   0
    FOREIGN TAXES VIA ADVISORS IV 23,689 23,689   0
    FOREIGN TAXES VIA KTC HEDGE PRODUCTS 13,526 13,526   0
    FOREIGN TAXES VIA KTC DEVELOPED INTERNATIONAL 12,060 12,060   0
    FOREIGN TAXES VIA KTC INTERNATIONAL EMERGING 17,879 17,879   0
    FOREIGN TAXES VIA KTC SMALL CAP 190 190   0
    FOREIGN TAXES VIA KTC STRATEGIC OPPS 4,686 4,686   0
    FOREIGN TAXES VIA RHO VENTURES V 34 34   0
    FOREIGN TAXES VIA VANGUARD TOTAL INSTL STK 88 88   0