TY 2020 Form 990PF

- TIN:

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

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

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

OMB No. 1545-0052

2020

Open to Public Inspection

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

Name of foundation
MARVIN AND VIRGINIA SCHMID
FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)909 VANNORNAM PLACE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BELLEVUE, NE680052564

A Employer identification number

47-0800637

B Telephone number (see instructions)

(402) 415-7822

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$37,826,487J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	632,279		626,385	632,279
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		702,174
b	Gross sales price for all assets on line 6a 7,111,233
7	Capital gain net income (from Part IV, line 2)...			702,174
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).......		1,277	1,277	1,277
12	Total. Add lines 1 through 11........	1,335,730		1,329,836	633,556
13	Compensation of officers, directors, trustees, etc.	50,000		50,000	50,000
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......	3,845		3,845	3,845
16a	Legal fees (attach schedule).........		4,976	4,976	4,976
b	Accounting fees (attach schedule).......		8,069	8,069	8,069
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		34,284	8,818	8,818
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		260,961	260,961	260,961
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	362,135		336,669	336,669	0
25	Contributions, gifts, grants paid.......	1,506,000				1,506,000
26	Total expenses and disbursements. Add lines 24 and 25	1,868,135		336,669	336,669	1,506,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-532,405
b	Net investment income (if negative, enter -0-)			993,167
c	Adjusted net income (if negative, enter -0-)...				296,887

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	1,952,848	897,695	897,695
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	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).......	9,667,879	7,496,519	11,750,507
	c	Investments—corporate bonds (attach schedule).......	5,572,719	5,658,268	6,085,650
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	11,005,282	13,615,325	19,092,635
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	28,198,728	27,667,807	37,826,487
	17	Accounts payable and accrued expenses..........	3,407	3,397
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	3,407	3,397
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	28,195,321	27,664,410
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	28,195,321	27,664,410
	30	Total liabilities and net assets/fund balances (see instructions).	28,198,728	27,667,807

Part III

Analysis of Changes in Net Assets or Fund Balances

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

28,195,321

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

-532,405

Other increases not included in line 2 (itemize) bullet

1,494

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

27,664,410

Decreases not included in line 2 (itemize) bullet

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

27,664,410

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	FIRST NATIONAL BANK ST SEE ATTACHED	P	2020-12-31	2020-12-31
b	FIRST NATIONAL BANK LT SEE ATTACHED	P	2000-01-01	2020-12-31
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	668,792	724,638	-55,846
b	6,377,948	5,684,421	693,527
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-55,846
b			693,527
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	702,174
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

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

1 Reserved

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

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

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

Form 990-PF (2020)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	13,805
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
3	Add lines 1 and 2...........................	3	13,805
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	13,805
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	37,240
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	37,240
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	23,435
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax13,840	Refunded	11	9,595

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

NONE

The books are in care of bullet

MARTHA DAVIS Telephone no. bullet

(402) 415-7822

Located at bullet

909 VANNORNAM PLACEBELLEVUENE ZIP+4 bullet

68005

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
PAIGE NORTON	DIRECTOR 000.00	0
2025 BROADWAY 29D 2025 BROADWAY 29D NEW YORK,NY10023	DIRECTOR 000.00	0
MARTHA ROGERS DAVIS	DIRECTOR 20.00	50,000
909 VANNORNAM PLACE 909 VANNORNAM PLACE BELLEVUE,NE68005	DIRECTOR 20.00	50,000
MICHAEL SULLIVAN	DIRECTOR 000.00	0
1500 WOODMEN TOWER 1500 WOODMEN TOWER OMAHA,NE68112	DIRECTOR 000.00	0
ERIC SCHMID	DIRECTOR 000.00	0
19225 SW 41ST STREET 19225 SW 41ST STREET MIRAMAR,FL33029	DIRECTOR 000.00	0
MARY SCHMID NORTON	DIRECTOR 000.00	0
35 COTTONWOOD DRIVE 35 COTTONWOOD DRIVE COLUMBUS,NE68601	DIRECTOR 000.00	0
HEIDI WILSON	SECRETARY 000.00	0
PO BOX 2598 SILVERTHORNE,CO80498	SECRETARY 000.00	0
BROOKE SMITHBERG	TREASURER 000.00	0
14010 FNB PARKWAY SUITE 200 14010 FNB PARKWAY SUITE 200 OMAHA,NE68154	TREASURER 000.00	0
CHRIS DAVIS	DIRECTOR 000.00	0
28851 FONDA RD 28851 FONDA RD FIRTH,NE68358	DIRECTOR 000.00	0

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...................

Form 990-PF (2020)

Page 7

Part VIII

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

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	N/A
2


All other program-related investments. See instructions.
3

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

Form 990-PF (2020)

Page 8

Part X

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

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

purposes:

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

32,200,543

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

1,697,384

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

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

33,897,927

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

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

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

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

33,897,927

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

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

508,469

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

33,389,458

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

1,669,473

Part XI

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

and do not complete this part.)

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

1,669,473

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

13,805

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

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

13,805

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

1,655,668

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

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

1,655,668

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

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

1,655,668

Part XII

Qualifying Distributions (see instructions)

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

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

1,506,000

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

1,506,000

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

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

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

1,506,000

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

Form 990-PF (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7		1,655,668
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......	1,468,443
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......
d From 2018......
e From 2019......
fTotal of lines 3a through e........
4Qualifying distributions for 2020 from Part
XII, line 4: $ 1,506,000
a Applied to 2019, but not more than line 2a	1,468,443
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2020 distributable amount.....		37,557
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2020.
(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
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........		1,618,111
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) .......
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....
e Excess from 2020....

Form 990-PF (2020)

Page 10

Part XIV

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

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

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

aThe name, address, and telephone number or 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)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UNIVERSITY OF NEBRASKA FOUNDATION 1010 LINCOLN MALL LINCOLN,NE68508			SCHOLARSHIPS/LIBRARY	1,506,000
Total ................................. 3a				1,506,000

bApproved for future payment

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

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	626,385	5,894
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	1,277
8 Gain or (loss) from sales of assets other than inventory ............			14	702,174
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)..				1,329,836	5,894

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

1,335,730

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2020)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

MARVIN AND VIRGINIA SCHMID

FOUNDATION

EIN:

47-0800637

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INDIRECT ACCOUNTING FEES	8,069	8,069	8,069

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

MARVIN AND VIRGINIA SCHMID

FOUNDATION

EIN:

47-0800637

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AT&T INC	47,809	57,146
AGILENT TECHNOLOGIES	10,292	10,351
ALBEMARLE CORP SR	42,936	47,896
ALPHABET INC SR NT	56,850	58,018
APPLIED MATERIALS	26,497	28,314
APPLIED MATERIALS INC SR GLB NT	31,121	31,133
ASCENTIUM EQUIP RECEIVABLES	1,336	1,339
BMW FINANCE	50,000	55,141
BANK AMER CORP	50,541	56,456
BANK 2019	20,600	23,040
BECTON DICKINSON & CO SR GLBL NT	20,489	21,065
BURLINGTON NORTHERN SANTA FE	50,626	60,784
CBRE SVCS INC SR NT
CD 2018-CD7 MTG TR	20,600	23,222
CF HIPPOLYA ISSUER	23,856	24,304
CME GROUP INC SR GLBL NT	25,996	27,409
CASCADE FDG MTG	21,139	21,315
COMM MTG TR SER 2014	34,390	33,864
CHUBB CORP BDS	46,155	51,068
CHURCH & DWIGHT INC SR NT	38,922	39,618
CITIGROUP INC SR GLBL NT	50,483	57,304
COMCAST CORP NEW SR GLBL	25,031	28,205
COMCAST CORP NEW SR NT NCQ2	23,381	24,075
COREVEST AMERN FIN 2020-1	29,508	29,934
COREVEST AMERN FIN 2020-4	29,999	30,105
COSTCO	54,327	57,163
DISNEY WALT CO MTNS SR NT	54,023	62,933
DOLLAR GEN CORP NEW SR NT	25,489	26,452
DOLLAR GEN CORP SR GLBL	17,233	17,220
DOUGLAS COUNTY NEB SCH DIST	20,000	20,526
EBAY INC SR GLBL	46,483	50,997
EVERBANK MTG	8,578	8,608
FRESH 2019 MTG	32,437	34,885
FEDERAL HOME LN MTG CORP PARTIN CTF	16,979	16,987
FEDRAL NATL MTG ASSN GRD REMIC	14,064	13,672
FEDERAL NATL MTG ASSN GRD REMIC	27,234	28,514
FEDERAL NATL MTG ASSN GRD REMIC
FEDERAL NATL MTG ASSN GRD REMIC	25,062	26,746
EVERBANK NATL MTG ASSN GTD REMIC
FEDERAL HOME LN MTG
FEDERAL HOME LN MTG CORP MULTICLASS	20,603	22,016
FEDERAL HOME LN MTG CORP MULTICLASS	35,438	31,156
FEDERAL HOME LN MTG CORP MULTICLASS	46,099	53,595
FEDRAL HOME LN MTG CORP MULTICLASS	36,373	35,739
FEDERAL HOME LN JZ93	25,002	29,659
FEDERAL NATL MTG ASSN GTD PASSTHRU	14,669	13,400
FEDERAL NATL MTG ASSN GRD SCG1
FEDERAL NATL MTG 8TU8	43,668	50,770
FEDERATED INST HIGH YIELD
FEDERATED HERMES INST HIGH YIELD	207,000	205,056
FIRSTKEY HOMES 2020	24,999	25,286
FLAGSTAR MTG TR 2017-2	1,260	959
FORD CR FLOORPLAN MASTER OWNER
FREDDIE SCRTT SERIE 2020	29,041	28,935
FREDDI MAC	40,436	42,534
FREDDIE MAC	10,102	10,723
GOLDMAN SACHS MORTGAGE	30,900	32,221
GOLDMAN SACHS GROUP INC SUB NT	50,685	57,060
GOV NATL MTG ASSN	21,783	22,228
GRAND ISLAND NEB COMBINE	30,000	30,928
HALL CNTY NEB SCH DIST	25,000	25,128
HARMAN INTL INDS 6AH2	50,617	55,674
HARTFORD FINL SVCS GROUP INC SR NT
HUDSON YARD MTG	41,197	45,237
HUNTINGTON INGALLS	56,952	61,653
INTERCONTINENTAL EXCHANGE INC FAH7	55,948	63,019
INTERMOUNTAIN PWR AGY UTAH	5,003	5,047
PALMER SQUARE INC PLUS	200,000	203,651
JPMORGAN CHASE & CO SR NT	32,821	39,143
JP MORGAN CHASE & CO GLBL NOTE	16,197	16,310
JP MORGAN MTG TR SER 2071	5,619	5,169
KEYCORP MEDIUM TERM NTS FR	24,685	26,671
LINCOLN NEB ELEC SYS	10,000	10,196
LINCOLN NEB WEST HAYMARKET	19,856	21,720
LORD ABBETT INV TR 6134
LSTAR COML MTG TR SER 2015
MCDONALDS	55,962	57,988
METROPOLITAN LIFE GLOBAL FDG	29,975	32,666
MMAF EQUIP FIN
MORGAN STANLEY SR NT	45,099	46,371
MORGAN STANLEY SR NT F	10,538	10,722
MORGAN STANLEY SER 2019	25,749	28,124
MOSAIC CO NEW SR NT	16,041	18,649
NATIONAL RETAIL PPTY 7AL0	40,261	46,370
NAVIENT PRIV EQU	20,225	20,254
NIKE INC SR GLBL NT	46,076	58,410
NVIDIA CORP	56,035	56,247
OMAHA NE TAXABLE REF GO	10,000	10,295
OMAHA PUBLIC POWER DIST	108,667	114,371
PACIFICORP	54,911	59,738
QUALCOMM INC FR	50,237	61,014
RAYTHEON CO SR NT	51,263	52,103
RECKITT BENCKISER	50,058	55,875
REGIONS FINL CORP NEW SR GLBL	44,973	48,816
SLM STUDENT LN TR SER 2008	7,513	7,027
SCHWAB CHARLES CORP 3AX3	45,382	51,195
SEQUOIA MTG TR 2017-CH1	3,520	3,094
SOFI CONSUMER LN PROGRAM	1,120	986
SOFI CONSUMER LN PROGRAM RAA6
SOFI CONSUMER LN PROGRAM 2017-4	1,248	1,257
STACK INFRASTRUCTURE	14,719	15,771
STARBUCKS	30,018	31,835
TJX	32,413	34,694
TTX	42,926	53,153
TEXTRON INC NT	42,144	40,210
TOWD PT MTG TR 2017-1	14,211	14,510
TOWD PT MTG TR 2017-2	16,941	17,089
TRICON	29,999	30,172
UBS COMM MTG	25,750	27,930
US BANCORP DEL PERP GLBL	51,765	56,238
UBS COML MTG DAW5	15,450	17,326
US TREASURY BOND 5.375%	161,012	172,547
US TREASURY BOND 4.750%	159,414	175,344
US TREASURY BOND 1.750%	76,052	83,901
US TREASURY BOND 3.625%	241,422	303,705
US TREASURY NOTE 2.00%	60,848	59,752
US TREASURY NOTE 0.125%	17,596	17,567
US TREASURY BOND 1.125% 8UV0
US TREASURY NOTE 1.625%	199,512	210,750
US TREASURY NOTE 2.125%	450,346	496,620
US TREASURY NOTE 2.25%	340,368	353,789
US TREASURY NOTE 1.5%	75,433	74,066
UNIVERSITY NEB FACS	106,725	113,595
VANTAGE DATA CTR MAC7	30,000	30,205
VERIZON COMMUNICATIONS INC GLBL NT	45,103	55,812
VOLKSWAGEN GROUP	18,137	18,697
VOLKSWAGEN GROUP	38,425	38,477
WAL MART STORES INC NT	10,764	11,778
WASTE MANAGEMENT	52,373	55,101
WELLS FARGO & CO NEW SR 6RW3	48,314	55,030
WELLS FARGO MTG BACK UAC5	6,582	6,924
WHIRLPOOL CORP SERA MTN	43,466	42,310
UNIVERSITY NEB
XILINX	52,768	52,488

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

MARVIN AND VIRGINIA SCHMID

FOUNDATION

EIN:

47-0800637

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3M CO	34,424	85,997
AMBARELLA INC	53,931	90,902
ACCENTURE PLC CLASS A	54,901	139,225
EATON CORP PLC	96,564	137,801
ICON PLC	55,249	132,196
MEDTRONIC PLC	126,744	181,098
AMGEN INC	147,653	200,490
AMN HEALTHCARE SERVICES	80,565	141,619
AFFILIATED MANAGERS GROUP INC	66,934	47,697
AIR PRODS & CHEMS INC	25,248	176,500
AMERICAN CAMPUS CMNTY INC	153,587	158,976
ANSHEUSER BUSCH INBEV
APPLE INC
AT&T INC	140,823	109,173
BALCHEM CORP	55,241	80,078
BARNES GROUP INC	53,700	62,551
BERKSHIRE HATHAWAY CL A
BIG LOTS INC
BLACKROCK INC	125,815	247,488
BROADRIDGE FINL SOLUTIONS INC	113,452	220,455
BURLINGTON STORES INC	75,351	155,361
CACI INTL INC CL A	64,493	90,008
CALLON PETE CO DEL COM
CARLISLE COS INC	62,968	100,424
CASEY'S GENERAL STORE	91,655	107,351
CHEVRON CORP	84,380	144,410
CISCO SYSTEMS	46,403	108,519
COCA COLA CONSOLIDATES	81,586	82,277
COCA COLA	141,044	170,114
COHERENT INC	44,093	54,757
COLUMBIA BKG SYS INC
COMCAST CORP	36,111	202,159
CONOCOPHILLIPS	80,279	79,220
CULLEN FROST BANKERS	170,323	187,632
DORMAN PRODUCTS INC	84,802	114,950
DUKE ENERGY	100,328	123,972
DUKE REALTY CORP	55,918	63,912
DUNKIN BRANDS GROUP
EASTERLY GOVT PPTYS	70,059	85,798
ENERSYS	66,398	79,073
EXLSERVICE HOLDINGS	53,395	91,089
EXXON MOBIL
FORTUNE BRANDS HOME & SEC INC	56,781	79,548
FORWARD AIR CORPORATION	50,710	86,752
FRANKLIN ELEC INC	42,140	74,816
GALLAGHER ARTHUR J AND CO	63,197	148,699
GRANITE CONSTR INC
GREAT WESTN BANCORP INC
IDACORP	118,682	141,836
ICF INTL INC COM	74,877	70,391
INTEGRA LIFESCIENCES	100,816	157,236
JOHNSON & JOHNSON	179,267	238,903
JONES LANG LASALLE INC	43,191	59,348
JP MORGAN CHASE & CO	89,097	300,648
LEIDOS HLDGS INC COM	190,747	220,962
LHC GROUP INC COM	48,379	59,303
LKQ CORP
LOCKHEED MARTIN	99,080	132,053
LTC PPTYS
LAMAR ADVERTISING CO	77,068	91,126
LITTLEFUSE INC	64,305	119,436
MKS INSTRUMENT	45,498	70,110
M&T BK CORP
MASIMO CORP
MATADOR RES CO
MAXIMUS INC
MCDONALDS CORP	99,537	130,035
MICROCHIP TECHNOLOGY	61,416	135,762
MICROSOFT CORP	14,936	133,897
MTS SYS CORP	78,039	126,149
NESTLE SA SPONSORED ADR	146,515	203,932
NEXSTAR BROADCASTING GROUP INC	78,263	126,333
NEXTERA ENERGY	116,638	306,671
NOVARTIS AG	96,832	140,606
OLLIES BARGAIN OUTLT HLDGS	50,416	93,463
OCCIDENTAL PETE CORP
OMNICELL INC	32,836	96,376
OSHKOSH CORPORATION	77,038	95,452
PARSLEY ENERGY INC	82,274	95,296
PAYCHEX INC	91,604	144,243
PEPSICO	64,355	185,523
PERKINELMER	57,297	153,545
PFIZER INC	99,036	119,412
PROCTOR & GAMBLE	64,923	141,227
PTC INC	52,339	120,567
QUALYS INC COM	61,009	80,068
QUANTA SERV INC	57,922	120,129
RAYTHEON	69,937	80,663
ROBERT HALF INTL INC	60,228	77,100
ROYAL DUTCH SHELL PLC	102,538	64,904
RPM INTL INC	161,073	264,987
SELECTIVE INS GROUP	58,108	93,839
SENSIENT TECHNOLOGIES CORP
SONOCO PRODS CO	75,273	78,151
SOUTH ST CORP	105,628	105,558
STIFEL FINL CORP	80,910	132,811
TJX COS INC	83,412	102,776
TARGET CORP COM	133,131	180,414
TETRA TECH INC	39,561	118,675
TEXAS INSTRUMENTS	22,481	142,957
TOTAL SYS SVCS INC
TRACTOR SUPPLY CO	48,222	111,339
TRAVELERS CO	73,461	110,752
UMB FINL CORP	60,735	68,576
UNITED BANKSHARES INC	161,584	136,598
UNITED PARCEL SERVICE	105,724	153,918
UNITED TECHNOLOGIES
US BANCORP	97,881	192,883
UNILEVER PLC	144,840	159,652
VERIZON COMMUNICATIONS	109,238	134,420
WELLS FARGO
VIATRIS INC COM	5,639	7,533
XCEL ENERGY	75,438	178,876

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

MARVIN AND VIRGINIA SCHMID

FOUNDATION

EIN:

47-0800637

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
LAZARD INT EQUITY INST	AT COST	1,166,822	1,365,271
MANNING & NAPIER RAINER INT	AT COST	950,000	1,466,999
MFS GLOBAL REAL ESTATE FUND	AT COST	633,000	676,523
INVESCO OPPENHEIMER DEV MARKETS FD	AT COST	761,715	1,023,573
T ROWE PRICE BLUE CHIP GRWTH FD	AT COST	1,427,094	3,391,386
VANGUARD DEVELOPED MARKETS	AT COST	1,325,000	1,448,654
VANGUARD 500 IDX FD	AT COST	4,235,293	6,501,825
JP MORGAN HEDGED EQUITY FUND	AT COST	2,400,000	2,493,203
ISHARES GOLD TR	AT COST	716,400	725,200
OIL MINERAL & GAS INTEREST	AT COST	1	1

- TIN:

TY 2020 LegalFeesSchedule

Name:

MARVIN AND VIRGINIA SCHMID

FOUNDATION

EIN:

47-0800637

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INDIRECT LEGAL FEES	4,976	4,976	4,976

- TIN:

TY 2020 OtherExpensesSchedule

Name:

MARVIN AND VIRGINIA SCHMID

FOUNDATION

EIN:

47-0800637

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income
EXPENSES
INVESTMENT FEES	260,594	260,594	260,594
FOREIGN CONVERSION	367	367	367

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

MARVIN AND VIRGINIA SCHMID

FOUNDATION

EIN:

47-0800637

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
MISCLLANEOUS INCOME	1,277	1,277	1,277

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

MARVIN AND VIRGINIA SCHMID

FOUNDATION

EIN:

47-0800637

Description	Amount
WASH SALE/TIMING DIFFERENCE	1,494

- TIN:

TY 2020 TaxesSchedule

Name:

MARVIN AND VIRGINIA SCHMID

FOUNDATION

EIN:

47-0800637

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	8,818	8,818	8,818
FEDERAL ESTIMATES	25,466