TY 2020 Form 990PF

- TIN:

Form990-PF
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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.
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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
PERKINS MALO HUNTER FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)2427 LAKEFRONT DRIVE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
HOLLAND, MI49424

A Employer identification number

36-4098513

B Telephone number (see instructions)

(312) 922-0355

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

$61,873,645J 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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	2,023
2	Check .............
3	Interest on savings and temporary cash investments	113,076		113,076
4	Dividends and interest from securities...	810,548		810,548
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-1,400,737
b	Gross sales price for all assets on line 6a 45,825,720
7	Capital gain net income (from Part IV, line 2)...
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).......		143,185	143,185
12	Total. Add lines 1 through 11........	-331,905		1,066,809
13	Compensation of officers, directors, trustees, etc.	197,490		197,490
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		4,500	4,500
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		11,300	11,300
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	3,726		3,726
22	Printing and publications..........
23	Other expenses (attach schedule).......		48,873	48,873
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	265,889		265,889	0
25	Contributions, gifts, grants paid.......	5,796,761			5,796,761
26	Total expenses and disbursements. Add lines 24 and 25	6,062,650		265,889	5,796,761
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-6,394,555
b	Net investment income (if negative, enter -0-)			800,920
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	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.........	6,539,739	3,336,963	3,336,963
	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)	10,957,305	4,099,081	4,099,594
	b	Investments—corporate stock (attach schedule).......	27,634,681	29,218,741	37,728,277
	c	Investments—corporate bonds (attach schedule).......	407,500	407,500	577,500
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	10,427,125	14,232,881	16,131,311
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	55,966,350	51,295,166	61,873,645
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	55,966,350	51,295,166
	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).....	55,966,350	51,295,166
	30	Total liabilities and net assets/fund balances (see instructions).	55,966,350	51,295,166

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) ...............

55,966,350

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

-6,394,555

Other increases not included in line 2 (itemize) bullet

1,888,021

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

51,459,816

Decreases not included in line 2 (itemize) bullet

164,650

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

51,295,166

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	16,000 AMERICOLD REALTY TRUST	P	2019-12-23	2020-02-27
b	10,000 AMERICOLD REALTY TRUST	P	2020-03-17	2020-04-08
c	3,700 AXIS CAPITAL HLDG	P	2020-06-08	2020-09-21
d	1,250 CASEYS GEN STORES	P	2020-01-02	2020-01-15
e	4,400 CHUBB	P	2020-01-01	2020-11-02
	4,000 CITIZENS FINL	P	2019-11-04	2020-11-03
	4,000 CITIZENS FINL	P	2020-03-11	2020-11-10
	2,800 EASTGRTOUP PROPERTIES	P	2020-03-17	2020-03-23
	500 F5 NETWORKS	P	2020-01-28	2020-10-28
	900 F5 NETWORKS	P	2020-07-28	2020-10-28
	2,000 F5 NETWORKS	P	2020-01-28	2020-11-03
	1,000 F5 NETWORKS	P	2020-01-30	2020-11-03
	10,700 GRAPHIC PACKAGING	P	2019-09-30	2020-03-24
	10,000 GRAPHIC PACKAGING	P	2019-10-23	2020-03-24
	14,300 GRAPHIC PACKAGING	P	2019-09-30	2020-03-25
	25,000 GRAPHIC PACKAGING	P	2020-08-03	2020-12-21
	14,000 HOME BANCSHARES	P	2019-01-01	2020-11-11
	87.5590 JANUS HENDERSON LG	P	2020-01-01	2020-02-25
	3,000 JONES LANG LASALLE	P	2020-01-01	2020-11-03
	10,000 KORN FERRY: KFY	P	2020-05-12	2020-07-23
	1,000 LAB CO OF AMER HLDG	P	2019-07-29	2020-02-27
	4,000 MAGNA INTL	P	2020-10-05	2020-11-02
	16,800 OCCIDENTAL PETROL	P	2019-05-21	2020-03-23
	7,000 PLAINS GP HLDGS	P	2020-02-12	2020-05-01
	75,000 ROLLS-ROYCE HLDGS	P	2020-01-01	2020-03-23
	3,000 SCHLUMBERGER	P	2019-08-29	2020-06-05
	15,000 SCHLUMBERGER	P	2019-08-29	2020-07-21
	4,000 SCHLUMBERGER	P	2020-03-09	2020-07-21
	4,000 SCHLUMBERGER	P	2020-03-10	2020-07-21
	4,000 SCHLUMBERGER	P	2020-03-11	2020-07-21
	5,000 SCHLUMBERGER	P	2020-03-17	2020-07-21
	500 UNIFIRST	P	2020-11-19	2020-12-21
	2,500 US TREAS	P	2020-04-23	2020-01-01
	4,800 WEYERHAEUSER	P	2020-03-17	2020-11-02
	4,600 APPLE	P	2019-01-09	2020-11-16
	3,659 BANK SOUTH CAROLINA	P	2003-09-22	2020-02-26
	11,200 BERKSHIRE HATHAWAY	P	2003-03-25	2020-01-01
	2,300 CASEYS GEN STORES	P	2018-03-27	2020-01-01
	9,500 CHARLES SCHWAB	P	2019-01-01	2020-11-02
	14,000 CITIZENS FINL	P	2019-01-01	2020-11-10
	1,770 EASTGROUP PROPERTIES	P	1996-08-30	2020-02-20
	4,000 EQUITY LIFESTYLE	P	2018-08-27	2020-02-27
	3,000 EQUITY LIFESTYLE	P	2018-03-27	1965-01-11
	2,000 EQUITY LIFESTYLE	P	2018-03-27	2020-12-21
	6,900 FIRST BANCORP	P	2003-01-01	2020-11-16
	805.5130 JANUS HENDERSON SM	P	2020-01-01	2020-02-25
	2,400 JOHNSON & JOHNSON	P	2019-08-29	2020-01-01
	1,000 LAB CO OF AMER HLDG	P	2018-04-16	2020-01-13
	1,000 LAB CO OF AMER HLDG	P	2018-04-17	2020-01-13
	2,000 LAB CO OF AMER HLDG	P	2018-09-27	2020-01-13
	1,000 LABO CO OF AMER HLDG	P	2018-04-25	2020-02-27
	1,700 LAB CO OF AMER HLDG	P	2018-03-27	2020-09-21
	2,500 LABO CO OF AMER HLDG	P	2018-03-27	2020-11-03
	400 LABO CO OF AMER HLDG	P	2018-03-27	2020-11-16
	500 LABO CO OF AMER HLDG	P	2018-04-10	2020-11-16
	600 LABO CO OF AMER HLDG	P	2018-04-09	2020-12-21
	2,000 LAMAR ADVERTISING	P	2018-04-06	2020-02-28
	3,000 LAMAR ADVERTISING	P	2018-04-09	2020-02-28
	1,000 LAMAR ADVERTISING	P	2018-04-30	2020-02-28
	3,000 LAMAR ADVERTISING	P	2018-04-27	2020-05-07
	3,000 LAMAR ADVERTISING	P	2018-04-30	2020-05-07
	3,900 LAMAR ADVERTISING	P	2018-03-27	2020-11-03
	3,900 LAMAR ADVERTISING	P	2018-03-27	2020-11-04
	1,600 LAMAR ADVERTISING	P	2018-03-27	2020-12-14
	1,000 LAMAR ADVERTISING	P	2018-03-27	2020-12-21
	2,000 OCCIDENTAL PETROL	P	2018-08-09	2020-01-06
	2,000 OCCIDENTAL PETROL	P	2018-08-14	2020-01-06
	3,200 OCCIDENTAL PETROL	P	2018-08-09	2020-03-23
	1,108 PIMCO MUNICIPAL INC	P	2013-12-31	2020-08-21
	3,878 PIMCO MUNICIPAL INC	P	2013-12-31	2020-08-21
	1,500 PINNACLE FINL	P	2018-05-07	2020-01-01
	7,000 PLAINS GP HLDGS	P	2019-04-15	2020-04-27
	3,000 PLAINS GP HLDGS	P	2019-04-22	2020-04-27
	10,000 PLAINS GP HLDGS	P	2018-11-28	2020-04-29
	10,000 PLAINS GP HLDGS	P	2018-12-04	2020-04-29
	20,000 PLAINS GP HLDGS	P	2018-11-23	2020-05-01
	5,000 PLAINS GP HLDGS	P	2018-11-26	2020-05-01
	3,000 PLAINS GP HLDGS	P	2018-12-06	2020-05-01
	2,000 SUN COMMUNITIES	P	2018-07-24	2020-02-27
	1,400 SUN COMMUNITIES	P	2018-04-04	2020-11-16
	1,000 SUN COMMUNITIES	P	2018-04-04	2020-12-21
	16,000 AMERICOLD REALTY TRUST	P	2019-12-17	2020-02-27
	4,000 AMERICOLD REALTY TRUST	P	2019-12-23	2020-02-27
	1,000 AMERICOLD REALTY TRUST	P	2019-12-26	2020-02-27
	3,000 AMERICOLD REALTY TRUST	P	2019-12-27	2020-02-27
	1,450 AMERICOLD REALTY TRUST	P	2020-01-15	2020-04-06
	2,000 AMERICOLD REALTY TRUST	P	2020-01-05	2020-04-08
	4,000 AMERICOLD REALTY TRUST	P	2020-01-11	2020-04-08
	1,000 AMERICOLD REALTY TRUST	P	2020-01-14	2020-04-08
	1,550 AMERICOLD REALTY TRUST	P	2020-01-15	2020-04-08
	1,900 APPLE	P	2020-02-28	2020-01-01
	8,000 AXIS CAPITAL HLDG	P	2020-06-05	2020-01-01
	8,000 BANK OF NY MELLON	P	2020-01-17	2020-03-06
	500 CASEYS GEN STORES	P	2019-12-16	2020-01-13
	500 CASEYS GEN STORES	P	2019-12-17	2020-01-13
	1,000 CASEYS GEN STORES	P	2020-06-09	2020-10-20
	6,000 CHARLES SCHWAB	P	2020-01-01	2020-04-13
	2,000 CHUBB	P	2020-04-29	2020-01-01
	8,300 CITIZENS FINL	P	2019-10-22	2020-05-27
	2,300 CITIZENS FINL	P	2019-10-21	2020-06-04
	1,700 CITIZENS FINL	P	2019-10-22	2020-06-04
	2,000 CITIZENS FINL	P	2019-10-21	2020-06-08
	5,700 CITIZENS FINL	P	2019-10-21	2020-06-29
	2,000 CITIZENS FINL	P	2020-02-26	2020-06-29
	5,000 CITIZENS FINL	P	2020-02-27	2020-06-29
	3,000 CITIZENS FINL	P	2020-03-03	2020-06-29
	2,500 CITIZENS FINL	P	2020-03-04	2020-06-29
	6,425 CITIZENS FINL	P	2020-03-06	2020-06-29
	600 CITIZENS FINL	P	2020-03-10	2020-06-29
	3,000 EASTGROUP PROPERTIES	P	2020-03-17	2020-03-23
	4,700 EVANS BANCORP	P	2020-01-01	2020-11-17
	10,300 FIRST COMMUNITY	P	2020-10-21	2020-12-14
	1,000 F5 NETWORKS	P	2020-01-22	2020-03-09
	3,000 F5 NETWORKS	P	2020-01-22	2020-03-23
	1,000 F5 NETWORKS	P	2020-01-27	2020-03-23
	1,000 F5 NETWORKS	P	2020-01-29	2020-03-23
	2,000 F5 NETWORKS	P	2020-01-29	2020-03-23
	2,000 F5 NETWORKS	P	2020-02-05	2020-03-23
	1,500 F5 NETWORKS	P	2020-04-28	2020-10-27
	500 F5 NETWORKS	P	2020-04-28	2020-10-28
	2,000 F5 NETWORKS	P	2020-05-18	2020-11-04
	1,000 F5 NETWORKS	P	2020-06-08	2020-11-04
	500 F5 NETWORKS	P	2020-07-28	2020-11-04
	46,000 GRAPHIC PACKAGING	P	2019-01-01	2020-03-23
	150 HOME BANCSHARES	P	2019-01-23	2020-03-23
	8,000 HOME BANCSHARES	P	2019-12-16	2020-04-29
	3,850 HOME BANCSHARES	P	2019-12-23	2020-04-29
	5,000 HOME BANCSHARES	P	2019-12-12	2020-11-20
	3,000 HOME BANCSHARES	P	2020-12-13	2020-11-20
	2,000 HOME BANCSHARES	P	2019-12-16	2020-11-20
	1,000 JOHNSON & JOHNSON	P	2019-08-27	2020-02-28
	1,000 JONES LANG LASALLE	P	2020-09-21	2020-11-02
	400 JONES LANG LASALLE	P	2020-08-20	2020-11-09
	1,600 JONES LANG LASALLE	P	2020-08-21	2020-11-09
	200 JONES LANG LASALLE	P	2020-08-20	2020-11-17
	2,000 KORN FERRY: KFY	P	2020-05-08	2020-06-29
	1,000 KORN FERRY: KFY	P	2020-04-23	2020-06-30
	3,000 KORN FERRY: KFY	P	2020-05-08	2020-06-30
	2,000 KORN FERRY: KFY	P	2020-04-23	2020-07-20
	7,000 KORN FERRY: KFY	P	2020-04-23	2020-07-23
	3,000 KORN FERRY: KFY	P	2020-05-14	2020-07-23
	12,000 OCCIDENTAL PETROL	P	2019-01-01	2020-03-23
	25,000 PFIZER	P	2019-01-01	2020-01-15
	35,000 PLAINS GP HLDGS	P	2020-01-01	2020-04-29
	4,000 POTLATCH	P	2020-03-23	2020-07-29
	39,300 ROLLS-ROYCE HLDGS	P	2020-01-08	2020-04-08
	5,700 ROLLS-ROYCE HLDGS	P	2020-01-09	2020-04-08
	15,000 ROLLS-ROYCE HLDGS	P	2020-01-10	2020-04-08
	10,000 ROLLS-ROYCE HLDGS	P	2020-01-13	2020-04-08
	30,000 ROLLS-ROYCE HLDGS	P	2020-02-03	2020-04-08
	5,000 SCHEIN HENRY	P	2020-03-04	2020-04-17
	4,000 SCHEIN HENRY	P	2020-03-05	2020-04-17
	2,000 SCHEIN HENRY	P	2020-03-06	2020-04-17
	4,000 SCHLUMBERGER	P	2019-08-22	2020-04-24
	5,000 SCHLUMBERGER	P	2019-08-26	2020-04-24
	1,000 SCHLUMBERGER	P	2019-08-30	2020-04-24
	5,000 SCHLUMBERGER	P	2019-08-26	2020-04-30
	10,000 SCHLUMBERGER	P	2019-08-15	2020-07-20
	5,000 SCHLUMBERGER	P	2019-08-27	2020-07-20
	3,000 SCHLUMBERGER	P	2020-02-26	2020-07-20
	4,000 SCHLUMBERGER	P	2020-02-27	2020-07-20
	3,000 SCHLUMBERGER	P	2020-03-04	2020-07-20
	5,000 SCHLUMBERGER	P	2020-03-09	2020-07-20
	15,000 SCHLUMBERGER	P	2020-03-12	2020-07-20
	40,000 SUNSTONE HOTEL	P	2020-05-08	2020-11-12
	7,000 SYNOVUS FINL	P	2020-09-16	2020-10-29
	15,000 SYNOVUS FINL	P	2020-08-19	2020-11-09
	7,000 SYNOVUS FINL	P	2020-08-20	2020-11-09
	2,000 SYNOVUS FINL	P	2020-08-26	2020-11-09
	3,000 SYNOVUS FINL	P	2020-09-02	2020-11-09
	1,000 SYNOVUS FINL	P	2020-09-16	2020-11-09
	6,000 THERMON GROUP	P	2020-10-14	2020-12-14
	500,000 US TREAS	P	2020-03-26	2020-09-15
	1500 US TREAS	P	2020-08-06	2020-01-01
	10,000 WASHINGTON FEDERAL	P	2020-03-17	2020-03-18
	5,000 WEYERHAEUSER	P	2020-03-17	2020-11-02
	300 APPLE	P	2019-01-09	2020-01-13
	1,004 BERKSHIRE HATHAWAY	P	2019-02-26	2020-05-07
	2,000 BERKSHIRE HATHAWAY	P	2019-03-04	2020-05-07
	996 BERKSHIRE HATHAWAY	P	2019-03-11	2020-05-07
	2,000 BERKSHIRE HATHAWAY	P	2019-04-03	2020-05-07
	996 BERKSHIRE HATHAWAY	P	2018-04-20	2020-05-14
	1,004 BERKSHIRE HATHAWAY	P	2019-03-11	2020-05-14
	2,000 CHARLES SCHWAB	P	2019-05-15	2020-10-29
	2,000 CHARLES SCHWAB	P	2019-05-20	2020-10-29
	500 CHARLES SCHWAB	P	2019-05-24	2020-11-17
	2,000 CHARLES SCHWAB	P	2019-05-28	2020-11-17
	500 CHARLES SCHWAB	P	2019-05-31	2020-11-17
	600 CHARLES SCHWAB	P	2019-06-14	2020-11-17
	3,000 FIRST COMMUNITY	P	2018-08-07	2020-06-12
	900 FIRST COMMUNITY	P	2018-08-09	2020-06-12
	5,300 FIRST COMMUNITY	P	2018-07-11	2020-06-15
	3,100 FIRST COMMUNITY	P	2018-08-09	2020-06-15
	1,700 FIRST COMMUNITY	P	2018-07-11	2020-12-14
	2,000 FIRST COMMUNITY	P	2018-11-08	2020-12-14
	4,000 FIRST COMMUNITY	P	2018-11-13	2020-12-14
	2,000 FIRST COMMUNITY	P	2018-11-14	2020-12-14
	6,000 FIRST COMMUNITY	P	2018-12-28	2020-12-14
	2,000 FIRST COMMUNITY	P	2019-01-23	2020-12-14
	2,000 FIRST COMMUNITY	P	2019-10-16	2020-12-14
	6,000 FIRST HORIZON CORP	P	2018-01-01	2020-12-09
	15,000 FIRST HORIZON CORP	P	2018-06-06	2020-04-30
	5,000 FIRST HORIZON CORP	P	2018-06-25	2020-04-30
	5,000 FIRST HORIZON CORP	P	2018-04-20	2020-06-05
	13,000 FIRST HORIZON NATL	P	2018-04-20	2020-11-17
	2,000 LAB CO OF AMER HLDG	P	2018-09-26	2020-01-13
	2,000 LAB CO OF AMER HLDG	P	2018-10-01	2020-01-13
	540 LABO CO OF AMER HLDG	P	2018-04-24	2020-02-27
	460 LAB CO OF AMER HLDG	P	2018-04-25	2020-02-27
	1,000 LAB CO OF AMER HLDG	P	2018-09-24	2020-02-27
	460 LAB CO OF AMER HLDG	P	2018-04-20	2020-10-29
	540 LABO CO OF AMER HLDG	P	2018-04-25	2020-10-29
	2,000 LAMAR ADVERTISING	P	2018-04-30	2020-02-28
	3,000 LAMAR ADVERTISING	P	2018-05-03	2020-02-28
	2,000 LAMAR ADVERTISING	P	2018-04-24	2020-05-07
	3,000 LAMAR ADVERTISING	P	2018-04-25	2020-05-07
	2,000 LAMAR ADVERTISING	P	2018-04-30	2020-05-07
	1,599 LAMAR ADVERTISING	P	2018-04-20	2020-10-29
	1,401 LAMAR ADVERTISING	P	2018-04-24	2020-10-29
	2,000 LAMAR ADVERTISING	P	2018-04-20	2020-11-04
	3,000 LAMAR ADVERTISING	P	2018-04-20	2020-12-14
	8,000 OCCIDENTAL PETROL	P	2018-01-01	2020-03-23
	2,500 PINNACLE FINL	P	2018-01-01	2020-11-17
	8,160 PLAINS GP HLDGS	P	2018-04-20	2020-04-24
	7,840 PLAINS GP HLDGS	P	2018-06-06	2020-04-24
	4,000 PLAINS GP HLDGS	P	2018-06-07	2020-04-24
	10,000 PLAINS GP HLDGS	P	2019-04-18	2020-04-24
	4,000 PLAINS GP HLDGS	P	2018-06-06	2020-04-27
	3,000 PLAINS GP HLDGS	P	2018-07-23	2020-04-27
	3,000 PLAINS GP HLDGS	P	2018-12-03	2020-04-27
	8,000 PLAINS GP HLDGS	P	2019-11-23	2020-04-28
	4,000 PLAINS GP HLDGS	P	2018-11-28	2020-04-28
	3,000 PLAINS GP HLDGS	P	2018-12-03	2020-04-28
	5,000 PLAINS GP HLDGS	P	2018-12-04	2020-04-28
	3,000 PLAINS GP HLDGS	P	2018-11-20	2020-04-29
	2,000 PLAINS GP HLDGS	P	2018-11-23	2020-04-29
	20,000 POTLATCH	P	2018-12-26	2020-07-29
	500 SUN COMMUNITIES	P	2018-10-23	2020-03-09
	6,000 WEYERHAEUSER	P	2018-04-20	2020-02-24
	2,985 WEYERHAEUSER	P	2018-04-20	2020-09-14
	4,015 WEYERHAEUSER	P	2018-08-07	2020-09-14
	2,000 WEYERHAEUSER	P	2018-08-08	2020-09-14
	1,000 WEYERHAEUSER	P	2018-10-02	2020-09-14
	4,000 WEYERHAEUSER	P	2018-10-02	2020-10-29
	1,000 WEYERHAEUSER	P	2018-10-29	2020-10-29
	6,000 WEYERHAEUSER	P	2018-05-11	2020-10-30
	3,000 WEYEHAEUSER	P	2018-10-26	2020-10-30
	6,000 WEYERHAEUSER	P	2018-10-29	2020-10-30
	5,000 WEYERHAEUSER	P	2018-12-04	2020-10-30
	2,000 WEYERHAEUSER	P	2018-12-12	2020-10-30
	1,000 WEYERHAEUSER	P	2019-05-29	2020-10-30
	2,000 WEYERHAEUSER	P	2019-01-02	2020-11-02
	28,775 CITIZENS FINL	P	2020-03-16	2020-06-29
	2,000 COASTAL FINL	P	2019-11-21	2020-11-17
	3,000 DONALDSON	P	2020-09-03	2020-10-26
	7,000 DONALDSON	P	2020-04-20	2020-10-27
	27 ALLIANT ENERGY	P	2019-06-04	2020-04-07
	12 ANSYS	P	2019-06-04	2020-03-24
	144 COMPASS MINERALS	P	2019-06-04	2020-01-03
	242 CORE LAB	P	2020-03-09	2020-06-24
	60 EURONET WORLDWIDE	P	2019-01-01	2020-09-30
	8 FORTINET	P	2020-03-16	2020-05-07
	34 GLOBAL PAYMENTS	P	2019-06-04	2020-03-13
	10 HENRY JACK & ASSOC	P	2019-06-04	2020-01-01
	69 INTL FLAVORS & FRAGRANCE	P	2019-01-01	2020-01-31
	25 KOHLS	P	2020-03-20	2020-06-24
	77 KOHLS	P	2020-05-07	2020-06-24
	239 KOHLS	P	2020-03-20	2020-08-18
	17 MASIMO	P	2019-06-06	2020-01-01
	7 MCCORMICK	P	2019-06-04	2020-04-07
	16 MSCI	P	2019-06-04	2020-01-01
	173 OIL STATES INTL	P	2020-01-31	2020-06-24
	81 OIL STATES INTL	P	2020-01-31	2020-09-04
	547 OIL STATES INTL	P	2020-03-09	2020-09-04
	382 OIL STATES INTL	P	2020-04-07	2020-09-04
	53 ROLLINS	P	2020-01-31	2020-01-01
	0.50 ROLLINS	P	2020-01-31	2020-12-11
	11 SCOTTS MIRACLE GR	P	2019-06-04	2020-05-07
	71 SOUTHWEST AIRLINES	P	2020-03-26	2020-06-24
	32 SOUTHWEST AIRLINES	P	2020-03-26	2020-10-26
	65 SOUTHWEST AIRLINES	P	2020-04-07	2020-10-26
	70 SOUTHWEST AIRLINES	P	2020-05-07	2020-10-26
	48 TIFFANY & CO	P	2019-06-04	2020-03-16
	41 WASHINGTON TR CO	P	2020-01-31	2020-09-30
	18 WASTE CONNECTIONS	P	2019-06-04	2020-04-07
	29 XILINX	P	2019-06-04	2020-03-24
	1 XILINX	P	2020-01-29	2020-11-19
	119 BANCFIRST	P	2019-06-04	2020-09-30
	129 CATHAY BANK	P	2019-06-04	2020-09-30
	4 CINTAS CORP	P	2019-06-04	2020-10-26
	148 COLUMBIA BANKING	P	2019-06-04	2020-09-30
	18 COPART	P	2019-06-04	2020-10-26
	54 EURONET WORLDWIDE	P	2019-09-25	2020-09-30
	239 HEALTHCARE	P	2019-06-04	2020-09-30
	86 INGREDION	P	2019-06-04	2020-09-30
	464 LAKELAND BANCORP	P	2019-06-04	2020-09-30
	117 LAKELAND FINL	P	2019-06-04	2020-09-30
	8 MCCORMICK	P	2019-06-04	2020-07-20
	6 MONOLITHIC POWER	P	2019-06-06	2020-07-20
	260 OIL STATES INTL	P	2019-06-04	2020-06-24
	111 PINNACLE FINL	P	2019-06-04	2020-09-30
	265 PREMIER FINL	P	2019-06-04	2020-09-30
	6 TYLER TECH	P	2019-06-04	2020-12-21
	4 VAIL RESORTS	P	2019-06-04	2020-10-26
	19 VARIAN MEDICAL	P	2019-06-04	2020-08-03
	96 WASHINGTON TR CO	P	2019-06-04	2020-09-03
	66 XILINX	P	2019-06-04	2020-10-27
	1 XILINX	P	2019-10-24	2020-10-27
	17 XILINX	P	2019-10-24	2020-11-19
	13 AMERICAN STATES	P	2019-06-14	2020-04-07
	29 AMN HEALTHCARE SRVCS	P	2019-06-14	2020-03-19
	42 BADGER METER	P	2019-06-14	2020-01-01
	670 CALAMP	P	2019-01-01	2020-03-05
	156 COMPASS MINERALS	P	2019-06-14	2020-01-03
	98 COMPUTER SERVICES	P	2019-06-14	2020-03-24
	168 CORE LAB	P	2020-03-09	2020-06-24
	30 CVR ENERGY	P	2020-04-07	2020-10-15
	108 EMERGENT BIOSOLUTION	P	2019-06-14	2020-01-01
	20 INTER PARFUMS	P	2019-11-21	2020-10-26
	9 INTERDIGITAL	P	2019-06-14	2020-05-07
	31 KOHLS	P	2020-03-20	2020-06-24
	59 KOHLS	P	2020-05-07	2020-06-24
	211 KOHLS	P	2020-03-20	2020-08-18
	6 LIGAND PHARMA	P	2019-06-14	2020-05-07
	32 M T S SYSTEMS	P	2019-11-26	2020-09-04
	13 NEENAH PAPER	P	2020-04-07	2020-09-04
	29 OIL STATES INTL	P	2020-03-09	2020-06-24
	587 OIL STATES INTL	P	2020-03-09	2020-09-04
	34 OIL STATES INTL	P	2020-04-07	2020-09-04
	38 R L I CORP	P	2019-06-14	2020-01-01
	16 SIMULATIONS	P	2019-06-14	2020-05-07
	2,000 WD-40	P	2019-08-19	2020-04-07
	136 ARGAN	P	2019-06-14	2020-09-04
	29 BADGER METER	P	2019-06-14	2020-07-23
	38 CHOICE HOTELS	P	2019-06-14	2020-01-01
	347 CIVISTA BANCSHARES	P	2019-06-14	2020-10-05
	22 COMPUTER SERVICES	P	2019-06-14	2020-10-05
	169 CVR ENERGY	P	2019-06-14	2020-10-15
	10 EMERGENT BIOSOLUTION	P	2019-06-14	2020-10-05
	74 FORWARD AIR CORP	P	2019-06-14	2020-11-20
	39 GRUPO AEROPORTUARIO DE FSPONSORED	P	2019-06-14	2020-10-26
	117 INTER PARFUMS	P	2019-06-27	2020-10-26
	140 M T S SYSTEMS	P	2019-06-14	2020-09-04
	24 MORNINGSTART	P	2019-06-14	2020-11-02
	81 NEENAH PAPER	P	2019-06-14	2020-09-04
	380 OIL STATES INTL	P	2019-06-14	2020-06-24
	50 OMEGA FLEX	P	2019-06-14	2020-01-01
	29 SIMULATIONS PLUS	P	2019-06-14	2020-10-05
	198 SOUTHERBN FIRST BANCS	P	2019-06-14	2020-09-30
	429 SUMMIT FINL GRP	P	2019-06-14	2020-09-30
	206 WASHINGTON TR CO	P	2019-06-14	2020-10-05
	306 WEST BANCORP	P	2019-06-14	2020-10-05
	19 ARTHUR J GALLAGHER	P	2019-06-04	2020-04-07

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	512,622	549,186	-36,564
b	339,568	255,880	83,688
c	166,753	158,091	8,662
d	210,148	198,383	11,765
e	610,252	450,758	159,494
	115,046	147,258	-32,212
	129,821	96,446	33,375
	245,777	257,111	-11,334
	67,107	64,095	3,012
	120,793	124,422	-3,629
	271,512	256,381	15,131
	135,756	124,294	11,462
	121,942	157,611	-35,669
	113,964	155,128	-41,164
	168,798	210,639	-41,841
	406,886	356,323	50,563
	272,643	269,657	2,986
	1,043	1,137	-94
	350,392	284,490	65,902
	302,692	275,020	27,672
	185,489	166,486	19,003
	205,516	195,747	9,769
	166,634	872,441	-705,807
	59,623	115,669	-56,046
	288,586	672,801	-384,215
	66,869	96,728	-29,859
	291,787	483,639	-191,852
	77,810	64,726	13,084
	77,810	73,320	4,490
	77,810	69,837	7,973
	97,262	68,154	29,108
	102,566	97,130	5,436
	2,499,943	2,499,172	771
	134,336	84,893	49,443
	635,229	245,301	389,928
	67,592	27,906	39,686
	2,106,487	604,435	1,502,052
	422,074	249,691	172,383
	389,729	408,213	-18,484
	454,373	501,689	-47,316
	250,320	837	249,483
	290,701	189,921	100,780
	186,211	127,900	58,311
	120,936	85,267	35,669
	226,317	100,823	125,494
	9,595	11,155	-1,560
	362,650	308,839	53,811
	178,506	167,136	11,370
	178,506	167,915	10,591
	357,012	342,025	14,987
	185,489	165,747	19,742
	311,559	279,406	32,153
	530,013	410,891	119,122
	81,269	65,743	15,526
	101,586	82,038	19,548
	121,930	98,149	23,781
	167,671	127,633	40,038
	251,507	189,696	61,811
	83,836	63,114	20,722
	196,161	188,794	7,367
	196,161	189,342	6,819
	266,934	243,780	23,154
	274,166	243,780	30,386
	125,183	100,012	25,171
	82,010	62,508	19,502
	88,684	155,496	-66,812
	88,684	159,077	-70,393
	31,740	248,794	-217,054
	15,517	13,551	1,966
	54,432	41,339	13,093
	89,653	95,463	-5,810
	57,514	164,037	-106,523
	24,649	69,002	-44,353
	91,848	195,862	-104,014
	91,848	203,025	-111,177
	170,352	367,165	-196,813
	42,588	94,095	-51,507
	25,553	56,913	-31,360
	324,908	191,703	133,205
	203,947	127,259	76,688
	145,112	90,900	54,212
	512,634	526,034	-13,400
	128,158	137,296	-9,138
	32,040	34,462	-2,422
	96,119	104,206	-8,087
	50,603	41,012	9,591
	67,915	52,851	15,064
	135,830	111,490	24,340
	33,958	28,011	5,947
	52,634	43,840	8,794
	462,110	263,302	198,808
	356,369	330,600	25,769
	306,479	372,426	-65,947
	84,416	77,234	7,182
	84,416	78,198	6,218
	183,687	161,520	22,167
	213,269	262,554	-49,285
	286,430	224,979	61,451
	208,279	296,400	-88,121
	64,332	81,994	-17,662
	47,550	60,708	-13,158
	60,363	71,299	-10,936
	133,802	203,202	-69,400
	46,948	67,362	-20,414
	117,371	164,915	-47,544
	70,422	96,320	-25,898
	58,685	77,901	-19,216
	150,821	184,408	-33,587
	14,084	14,736	-652
	263,338	275,476	-12,138
	120,547	113,646	6,901
	177,362	147,076	30,286
	116,693	135,707	-19,014
	307,880	407,122	-99,242
	102,627	131,340	-28,713
	102,627	118,945	-16,318
	205,254	252,199	-46,945
	205,254	248,876	-43,622
	204,651	220,439	-15,788
	67,109	73,480	-6,371
	269,572	283,118	-13,546
	134,786	146,298	-11,512
	67,393	69,123	-1,730
	490,411	684,281	-193,870
	1,549	2,964	-1,415
	131,940	157,239	-25,299
	63,496	76,067	-12,571
	93,012	97,239	-4,227
	55,807	58,020	-2,213
	37,205	39,310	-2,105
	135,204	129,472	5,732
	117,701	96,438	21,263
	54,908	37,920	16,988
	219,633	151,828	67,805
	27,680	18,960	8,720
	60,539	56,466	4,073
	30,572	27,233	3,339
	91,715	84,700	7,015
	57,483	54,466	3,017
	211,889	190,632	21,257
	90,810	74,965	15,845
	119,027	635,339	-516,312
	1,012,453	860,553	151,900
	321,475	493,373	-171,898
	175,852	102,000	73,852
	156,846	347,105	-190,259
	22,749	51,264	-28,515
	59,865	135,828	-75,963
	39,910	89,250	-49,340
	119,730	269,136	-149,406
	267,591	305,700	-38,109
	214,072	239,909	-25,837
	107,036	114,836	-7,800
	66,305	135,291	-68,986
	82,881	158,971	-76,090
	16,576	32,230	-15,654
	86,275	158,971	-72,696
	186,523	314,798	-128,275
	93,262	157,338	-64,076
	55,957	87,741	-31,784
	74,609	108,190	-33,581
	55,957	80,484	-24,527
	93,262	80,908	12,354
	279,785	235,850	43,935
	386,032	341,312	44,720
	171,223	156,521	14,702
	464,555	318,653	145,902
	216,792	146,530	70,262
	61,940	44,616	17,324
	92,911	65,794	27,117
	30,970	22,360	8,610
	99,657	71,425	28,232
	499,990	499,992	-2
	1,499,922	1,499,616	306
	290,312	252,598	37,714
	139,937	88,430	51,507
	94,190	45,994	48,196
	174,183	202,940	-28,757
	346,979	405,306	-58,327
	172,796	201,065	-28,269
	346,979	408,197	-61,218
	168,135	199,329	-31,194
	169,485	202,680	-33,195
	75,983	86,544	-10,561
	75,983	87,092	-11,109
	24,292	21,400	2,892
	97,168	86,356	10,812
	24,292	20,915	3,377
	29,151	24,682	4,469
	45,578	76,927	-31,349
	13,673	23,037	-9,364
	79,609	133,876	-54,267
	46,564	79,349	-32,785
	29,273	42,941	-13,668
	34,439	45,931	-11,492
	68,878	92,816	-23,938
	34,439	47,230	-12,791
	103,318	118,830	-15,512
	34,439	40,742	-6,303
	34,439	38,924	-4,485
	79,265	109,728	-30,463
	135,003	281,718	-146,715
	45,001	93,923	-48,922
	58,572	93,350	-34,778
	160,469	242,710	-82,241
	357,020	342,398	14,622
	357,020	348,316	8,704
	100,166	90,372	9,794
	85,327	76,242	9,085
	185,493	170,253	15,240
	92,823	75,978	16,845
	108,967	89,502	19,465
	167,675	126,225	41,450
	251,513	192,174	59,339
	130,777	123,212	7,565
	196,165	185,918	10,247
	130,777	126,225	4,552
	97,898	98,088	-190
	85,775	86,310	-535
	140,601	122,687	17,914
	234,723	184,030	50,693
	79,351	554,305	-474,954
	136,335	159,595	-23,260
	65,192	182,621	-117,429
	62,635	174,655	-112,020
	31,957	89,859	-57,902
	79,892	228,386	-148,494
	32,866	89,110	-56,244
	24,650	63,509	-38,859
	24,650	62,589	-37,939
	67,667	148,304	-80,637
	33,834	78,343	-44,509
	25,375	62,589	-37,214
	42,292	101,510	-59,218
	27,555	55,021	-27,466
	18,370	37,076	-18,706
	879,262	603,398	275,864
	81,475	48,601	32,874
	180,430	217,560	-37,130
	85,890	108,236	-22,346
	115,527	137,219	-21,692
	57,548	68,498	-10,950
	28,774	31,825	-3,051
	111,303	127,298	-15,995
	27,826	26,701	1,125
	162,464	150,389	12,075
	81,232	78,540	2,692
	162,464	160,208	2,256
	135,387	129,367	6,020
	54,155	49,871	4,284
	27,077	22,506	4,571
	55,975	42,832	13,143
	675,467	543,229	132,238
	37,471	34,600	2,871
	151,872	140,921	10,951
	351,803	291,226	60,577
	1,321	1,282	39
	2,539	2,171	368
	8,654	7,681	973
	4,676	3,900	776
	4,835	6,467	-1,632
	1,075	654	421
	5,607	5,132	475
	1,783	1,317	466
	9,019	9,571	-552
	510	398	112
	1,570	1,402	168
	4,857	3,807	1,050
	3,266	2,325	941
	1,061	1,077	-16
	4,816	3,577	1,239
	762	1,806	-1,044
	342	845	-503
	2,310	1,811	499
	1,613	922	691
	2,096	2,013	83
	19	13	6
	1,475	993	482
	2,306	2,960	-654
	1,314	1,334	-20
	2,670	2,218	452
	2,875	1,815	1,060
	5,973	4,481	1,492
	1,271	1,951	-680
	1,534	1,648	-114
	2,165	3,081	-916
	129	89	40
	4,923	6,411	-1,488
	2,827	4,479	-1,652
	1,308	899	409
	3,579	5,120	-1,541
	2,003	1,299	704
	4,926	7,848	-2,922
	5,172	7,836	-2,664
	6,541	6,898	-357
	4,657	7,285	-2,628
	4,874	5,347	-473
	1,527	1,230	297
	1,511	738	773
	1,145	4,337	-3,192
	3,952	6,064	-2,112
	4,195	7,348	-3,153
	2,610	1,265	1,345
	967	865	102
	3,304	2,414	890
	2,975	4,826	-1,851
	8,293	7,013	1,280
	126	93	33
	2,197	1,585	612
	1,077	972	105
	2,053	1,510	543
	2,588	2,395	193
	5,664	7,034	-1,370
	9,375	8,726	649
	4,371	3,483	888
	3,246	2,707	539
	371	543	-172
	7,417	4,725	2,692
	805	1,355	-550
	506	581	-75
	632	494	138
	1,203	1,074	129
	4,288	3,361	927
	636	648	-12
	782	1,619	-837
	583	540	43
	88	66	22
	2,479	1,943	536
	1,457	833	624
	3,145	3,404	-259
	609	425	184
	364	373	-9
	5,784	5,686	98
	1,861	1,653	208
	3,354	3,241	113
	4,679	7,613	-2,934
	1,322	782	540
	2,089	7,676	-5,587
	1,044	438	606
	5,468	4,410	1,058
	1,516	2,003	-487
	4,710	7,554	-2,844
	3,423	7,699	-4,276
	4,636	3,493	1,143
	3,634	4,935	-1,301
	1,674	6,237	-4,563
	8,044	4,003	4,041
	1,978	771	1,207
	4,776	7,183	-2,407
	6,371	11,067	-4,696
	6,649	10,440	-3,791
	5,060	6,594	-1,534
	1,628	1,631	-3

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			-36,564
b			83,688
c			8,662
d			11,765
e			159,494
			-32,212
			33,375
			-11,334
			3,012
			-3,629
			15,131
			11,462
			-35,669
			-41,164
			-41,841
			50,563
			2,986
			-94
			65,902
			27,672
			19,003
			9,769
			-705,807
			-56,046
			-384,215
			-29,859
			-191,852
			13,084
			4,490
			7,973
			29,108
			5,436
			771
			49,443
			389,928
			39,686
			1,502,052
			172,383
			-18,484
			-47,316
			249,483
			100,780
			58,311
			35,669
			125,494
			-1,560
			53,811
			11,370
			10,591
			14,987
			19,742
			32,153
			119,122
			15,526
			19,548
			23,781
			40,038
			61,811
			20,722
			7,367
			6,819
			23,154
			30,386
			25,171
			19,502
			-66,812
			-70,393
			-217,054
			1,966
			13,093
			-5,810
			-106,523
			-44,353
			-104,014
			-111,177
			-196,813
			-51,507
			-31,360
			133,205
			76,688
			54,212
			-13,400
			-9,138
			-2,422
			-8,087
			9,591
			15,064
			24,340
			5,947
			8,794
			198,808
			25,769
			-65,947
			7,182
			6,218
			22,167
			-49,285
			61,451
			-88,121
			-17,662
			-13,158
			-10,936
			-69,400
			-20,414
			-47,544
			-25,898
			-19,216
			-33,587
			-652
			-12,138
			6,901
			30,286
			-19,014
			-99,242
			-28,713
			-16,318
			-46,945
			-43,622
			-15,788
			-6,371
			-13,546
			-11,512
			-1,730
			-193,870
			-1,415
			-25,299
			-12,571
			-4,227
			-2,213
			-2,105
			5,732
			21,263
			16,988
			67,805
			8,720
			4,073
			3,339
			7,015
			3,017
			21,257
			15,845
			-516,312
			151,900
			-171,898
			73,852
			-190,259
			-28,515
			-75,963
			-49,340
			-149,406
			-38,109
			-25,837
			-7,800
			-68,986
			-76,090
			-15,654
			-72,696
			-128,275
			-64,076
			-31,784
			-33,581
			-24,527
			12,354
			43,935
			44,720
			14,702
			145,902
			70,262
			17,324
			27,117
			8,610
			28,232
			-2
			306
			37,714
			51,507
			48,196
			-28,757
			-58,327
			-28,269
			-61,218
			-31,194
			-33,195
			-10,561
			-11,109
			2,892
			10,812
			3,377
			4,469
			-31,349
			-9,364
			-54,267
			-32,785
			-13,668
			-11,492
			-23,938
			-12,791
			-15,512
			-6,303
			-4,485
			-30,463
			-146,715
			-48,922
			-34,778
			-82,241
			14,622
			8,704
			9,794
			9,085
			15,240
			16,845
			19,465
			41,450
			59,339
			7,565
			10,247
			4,552
			-190
			-535
			17,914
			50,693
			-474,954
			-23,260
			-117,429
			-112,020
			-57,902
			-148,494
			-56,244
			-38,859
			-37,939
			-80,637
			-44,509
			-37,214
			-59,218
			-27,466
			-18,706
			275,864
			32,874
			-37,130
			-22,346
			-21,692
			-10,950
			-3,051
			-15,995
			1,125
			12,075
			2,692
			2,256
			6,020
			4,284
			4,571
			13,143
			132,238
			2,871
			10,951
			60,577
			39
			368
			973
			776
			-1,632
			421
			475
			466
			-552
			112
			168
			1,050
			941
			-16
			1,239
			-1,044
			-503
			499
			691
			83
			6
			482
			-654
			-20
			452
			1,060
			1,492
			-680
			-114
			-916
			40
			-1,488
			-1,652
			409
			-1,541
			704
			-2,922
			-2,664
			-357
			-2,628
			-473
			297
			773
			-3,192
			-2,112
			-3,153
			1,345
			102
			890
			-1,851
			1,280
			33
			612
			105
			543
			193
			-1,370
			649
			888
			539
			-172
			2,692
			-550
			-75
			138
			129
			927
			-12
			-837
			43
			22
			536
			624
			-259
			184
			-9
			98
			208
			113
			-2,934
			540
			-5,587
			606
			1,058
			-487
			-2,844
			-4,276
			1,143
			-1,301
			-4,563
			4,041
			1,207
			-2,407
			-4,696
			-3,791
			-1,534
			-3

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-1,400,737
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	-1,559,859

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	11,133
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	11,133
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	11,133
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	140,400
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	140,400
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	129,267
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax25,000	Refunded	11	104,267

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

N/A

The books are in care of bullet

PHILLIP PERKINS Telephone no. bullet

(616) 403-8951

Located at bullet

2427 LAKEFRONT DRIVEHOLLANDMI ZIP+4 bullet

49424

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-)	(e) Expense account, other allowances
ROBERT H PERKINS	DIRECTOR 5.00	0
1 SOUTH WACKER DRIVE CHICAGO,IL60606	DIRECTOR 5.00	0
JILL PERKINS	DIRECTOR 0.00	0
2427 LAKEFRONT DRIVE HOLLAND,MI49424	DIRECTOR 0.00	0
LAURIE PERKINS	DIRECTOR 0.00	0
1410 ASBURY AVENUE EVANSTON,IL60201	DIRECTOR 0.00	0
TODD PERKINS	Director 0.00	0
1410 ASBURY AVENUE EVANSTON,IL60201	Director 0.00	0
PHILLIP PERKINS	Director 40.00	180,000	17,490
2427 LAKEFRONT DRIVE HOLLAND,MI49424	Director 40.00	180,000	17,490
CURTIS L STINE	Director 0.00	0
N4279 COUNTY RD N ARKANSAW,WI54721	Director 0.00	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


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

63,290,653

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

4,946,442

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

5,508,082

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

73,745,177

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

73,745,177

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

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

1,106,178

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

72,638,999

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

3,631,950

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

3,631,950

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

11,133

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

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

11,133

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

3,620,817

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

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

3,620,817

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

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

3,620,817

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 ..........

5,796,761

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

5,796,761

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

5,796,761

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

Form 990-PF (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7			3,620,817
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2020:
a From 2015......	3,337,168
b From 2016......	5,204,470
c From 2017......	4,130,584
d From 2018......	3,280,642
e From 2019......	2,768,638
fTotal of lines 3a through e........		18,721,502
4Qualifying distributions for 2020 from Part
XII, line 4: $ 5,796,761
a Applied to 2019, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2020 distributable amount.....			3,620,817
e Remaining amount distributed out of corpus		2,175,944
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		20,897,446
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 ..........			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) .......
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		3,337,168
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		17,560,278
10 Analysis of line 9:
a Excess from 2016....	5,204,470
b Excess from 2017....	4,130,584
c Excess from 2018....	3,280,642
d Excess from 2019....	2,768,638
e Excess from 2020....	2,175,944

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).)

ROBERT H PERKINS

JILL PERKINS

TODD PERKINS

PHILLIP PERKINS

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
ST AGNES CATHOLIC SCHOOL 1501 CHICAGO ROAD CHICAGO HEIGHTS,IL60411		PC	TUITION ASSISTANCE	327,900
ERIE ELEMENTARY CHARTER SCHOOL 1405 N WASHTENAW ST CHICAGO,IL60622		PC	ACADEMIC PROGRAM EXPENSE	100,000
POTTER'S HOUSE ELEMENTARY SCHOOL 810 VAN RAALTE SW GRAND RAPIDS,MI49509		PC	Tuition Assistance	20,000
SCHOOLS THAT CAN 1040 FIRST AVENUE NEW YORK,NY10022		PC	GENERAL USE	60,000
YOUNG SCHOLARS CHARTER SCHOOL 900 NORTH MARSHALL STREET PHILADELPHIA,PA19123		PC	ACADEMIC PROGRAM EXPENSES	90,000
CATALYST SCHOOLS CHICAGO 6727 SOUTH CALIFORNIA AVENUE CHICAGO,IL60629		PUBLIC	ACADEMIC PROGRAM EXPENSE	180,000
BOYS AND GIRLS CLUB OF HOLLAND 435 VAN RAALTE AVENUE HOLLAND,MI49423		PC	General Operating Expense	60,000
THORNTON ALUMNI LEGACY FUND PO BOX 998 MOKENA,IL60448		PC	COLLEGE TUITION ASSISTANCE	15,000
GRAND TRAVERSE BAY YMCA 3700 SILVER LAKE TRAVERSE CITY,MI49684		PC	ACADEMIC PROGRAM EXPENSE	5,000
BOYS AND GIRLS CLUB OF GRAND RAPIDS 235 STRAIGHT AVENUE NW GRAND RAPIDS,MI49504		PC	General Operating Expense	25,000
TREY WHITFIELD SCHOOL 17 HINSDALE STREET BROOKLYN,NY11207		PC	Tuition Assistance	45,000
LEARN CHARTER NETWORK 212 S FRANCISCO CHICAGO,IL60612		PC	ACADEMIC PROGRAM EXPENSES	510,000
RESPOND NOW 1439 EMERALD AVENUE CHICAGO HEIGHTS,IL60411		PC	General Operating Expense	10,000
TEACH FOR AMERICA CLEVELAND 3615 SUPERIOR AVE SUITE 3102-A CLEVELAND,OH44114		PUBLIC	GENERAL USE	50,000
TEACH FOR AMERICA DETROIT 315 W 36TH STREET 6TH FLOOR NEW YORK,NY10018		PC	GENERAL USE	50,000
TEACH FOR AMERICA MILWAUKEE 310 WEST WISCONSIN AVENU SUITE 110 MILWAUKEE,WI53202		PUBLIC	GENERAL USE	50,000
HOME WORKS 225 LINDEN AVE ST LOUIS,MO63105		PC	GENERAL USE	5,000
ROCKETSHIP PUBLIC SCHOOLS 2933 WEST CLEVELAND AVENUE MILWAUKEE,WI53215		PC	ACADEMIC PROGRAM EXPENSES	90,000
SAN MIGUEL CHICAGO 1949 WEST 48TH STREET CHICAGO,IL60609		PC	Tuition Assistance	45,000
URBAN COMMUNITY SCHOOL 4909 LORAIN AVENUE CLEVELAND,OH44102		PC	TUITION ASSISTANCE	90,000
FRIENDS OF BREAKTHROUGH SCHOOLS 3615 SUPERIOR AVE STE 3102-A CLEVELAND,OH44114		PC	ACADEMIC PROGRAM EXPENSES	500,000
MILWAUKEE COLLEGE PREP 2449 N 36TH ST MILWAUKEE,WI53201		PC	ACADEMIC PROGRAM EXPENSES	250,000
NOTRE DAME DE CHICAGO 1073 W MAXWELL ST CHICAGO,IL60608		PC	TUITION ASSISTANCE	292,861
TINDLEY ACCELERATED SCHOOLS 3960 MEADOWS DRIVE INDIANAPOLIS,IN46205		PC	ACADEMIC PROGRAM EXPENSES	100,000
SPECIAL OLYMPICS - ILLINOIS 605 E WILLOW STREET NORMAL,IL61761		PC	GENERAL USE	10,000
BRONX CHARTER SCHOOL FOR BETTER LEA 3740 BAYCHESTER AVENUE BRONX,NY10466		PC	ACADEMIC PROGRAM EXPENSES	45,000
BRONX COMMUNITY CHARTER 3170 WEBSTER AVENUE BRONX,NY10467		PC	ACADEMIC PROGRAM EXPENSES	45,000
CHICAGO JESUIT ACADEMY 5058 WEST JACKSON BLVD CHICAGO,IL60644		PC	TUITION ASSISTANCE	5,000
KIPP CHICAGO 2007 SOUTH HALSTED STREET CHICAGO,IL60608		PC	ACADEMIC PROGRAM EXPENSES	250,000
KIPP INDIANAPOLIS 1740 EAST 30TH STREET INDIANAPOLIS,IN46218		PC	ACADEMIC PROGRAM EXPENSES	120,000
KIPP ST LOUIS 1310 PAPIN STREET SUITE 203 ST LOUIS,MO63103		PC	ACADEMIC PROGRAM EXPENSES	200,000
LINK EDUCATION PARTNERS 120 LIVINGSTON STREET NEWARK,NJ07103		PC	ACADEMIC PROGRAM EXPENSES	90,000
OAK ACADEMIES 2301 NORTH PARK AVENUE INDIANAPOLIS,IN46205		PC	TUITION ASSISTANCE	200,000
PITTSBURGH URBAN CHRISTIAN SCHOOL 809 CENTER STREET PITTSBURGH,PA15221		PC	TUITION ASSISTANCE	45,000
SAINT MARTIN DE PORRES HIGH SCHOOL 6111 LAUSCHE AVENUE CLEVELAND,OH44103		PC	TUITION ASSISTANCE	50,000
ST CROIX VALLEY COMM 516 SECOND STREET SUITE 214 HUDSON,WI54016		PC	GENERAL USE	30,000
ST MARCUS SCHOOL 2215 NORTH PALMER STREET MILWAUKEE,WI53212		PC	TUITION ASSISTANCE	150,000
HOLY FAMILY LUTHERAN SCHOOL 3415 WEST ARTHINGTON STREET CHICAGO,IL60624		PC	TUITION ASSISTANCE	90,000
CHICAGOLAND LUTHERAN EDUCATIONAL FO 861 S CHURCH RD BENSENVILLE,IL60106		PC	TUITION ASSISTANCE	280,000
LOYOLA ACADEMY OF SAINT LOUIS 3851 WASHINGTON BLVD ST LOUIS,MO63108		PC	TUITION ASSISTANCE	5,000
MANCHESTER ACADEMIC CHARTER SCHOOL 1214 LIVERPOOL ST PITTSBURGH,PA15233		PC	ACADEMIC PROGRAM EXPENSES	45,000
MESSMER CATHOLIC SCHOOLS 742 W CAPITOL DRIVE MILWAUKEE,WI53206		PC	TUITION ASSISTANCE	30,000
NAMASTE CHARTER SCHOOL 3737 PAULINA ST CHICAGO,IL60609		PC	ACADEMIC PROGRAM EXPENSES	90,000
NEW PARADIGM FOR EDUCATOIN 1903 WILKINS DETROIT,MI48207		PC	ACADEMIC PROGRAM EXPENSES	210,000
POLARIS CHARTER ACADEMY 620 N SAWYER AVENUE CHICAGO,IL60624		PC	ACADEMIC PROGRAM EXPENSES	90,000
UNITED COMMUNITY CENTER 1028 S 9TH STREET MILWAUKEE,WI53204		PC	ACADEMIC PROGRAM EXPENSES	120,000
CITY SCHOOLS 4115 BALTIMORE AVENUE PHILADELPHIA,PA19104		PC	Tuition Assistance	165,000
PHILANTHROPY ROUNDTABLE 1120 20TH ST NW SUITE 550 WASHINGTON,DC20036		PC	GENERAL OPERATING EXPENSE	1,000
TEACH FOR AMERICA CHICAGO 300 WEST ADAM STREET 1000 CHICAGO,IL60606		PC	Academic Program expense	50,000
COMMUNITY FOUNDATION OF HOLLANDZEEL 85 E8TH STREET HOLLAND,MI49423		PC	Tuition Assistance	10,000
FRIENDS OF INTERGENERATIONAL SCHOOL 11327 SHAKER BLVD CLEVELAND,OH44104		PC	Acacdemic Program Expense	200,000
UNITED SCHOOLS OF INDIANAPOLIS 3980 MEADOWS DR INDIANAPOLIS,IN46205		PC	Acacdemic Program Expense	100,000
HOWARD FULLER COLLEGIATE ACADEMY 4030 N 29th Street Milwaukee,WI53216		PC	Academic Program Expense	90,000
PROVIDENCE ENGELWOOD CHARTER SCHOOL 6515 South Ashland Avenue Chicago,IL60636		PC	General Operating Expenses	10,000
Total ................................. 3a				5,796,761

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 ...........			14	113,076
4 Dividends and interest from securities....			14	810,548
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.....			18	143,185
8 Gain or (loss) from sales of assets other than inventory ............			1	-1,400,737
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)..				-333,928

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

-333,928

(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:	20011551
Software Version:	2020v4.0

Form 990PF - Special Condition Description:

Special Condition Description

Description	End of Year - Book Value	End of Year - Fair Market Value
1,400 LAMAR ADVERTISING CO0050	559,241
10,000 EQUITY LIFESTYLE PPT		633,600
10,000 LAMAR ADV	426,334
10,0000 LAMAR ADV		624,150
12,000 LAMAR ADVERTISING CO0050		998,640
24,000 EQUITY LIFESTYLE PPT	1,120,363	1,520,640
4,000 SUN COMMUNITIES	363,598	607,800
5% EQUUS GLOBAL FUND	493,610	493,610
67.645% HUNTER DIVERSIFIED FUND	10,067,661	10,067,661
7,500 LAMAR ADVERTISING CO0050	468,808
7,800 SUN COMMUNITIES	733,266	1,185,210

Description	Amount
Estimated Excise Tax 2020	140,400
Excise Taxes 2019 Balance	22,900
Foreign Taxes	1,350

Description	Revenue and Expenses per Books	Net Investment Income
BANK FEES	16	16
DUES AND SUBSCRIPTIONS	721	721
INSURANCE	43,640	43,640
INTERNET	1,780	1,780
OFFICE SUPPLIES	1,082	1,082
PARKING & TOLLS	7	7
POSTAGE	41	41
TELEPHONE	1,586	1,586

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
MICHIGAN UNEMPLOYMENT TAXES	149	149
SOCIAL SECURITY/MEDICARE	11,151	11,151