Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
POWERS-WOLFE CHARITABLE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)6102 S HIGHLANDS AVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MADISON, WI53705
A Employer identification number

39-6609049
B Telephone number (see instructions)

(608) 831-5208
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$13,529,960J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 12,000,000
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 34,708 34,708  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -27,312
b Gross sales price for all assets on line 6a 884,747
7 Capital gain net income (from Part IV, line 2)... 0
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).......      
12 Total. Add lines 1 through 11........ 12,007,396 34,708  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,350 1,175   1,175
c Other professional fees (attach schedule).... Click to see attachment 6,503 6,503   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,250 0   1,250
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 10 10   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 10,113 7,688   2,425
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 10,113 7,688   2,425
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 11,997,283
b Net investment income (if negative, enter -0-) 27,020
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1    
2 Savings and temporary cash investments......... 493,267 12,131,558 12,131,558
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 1,018,811 Click to see attachment1,377,804 1,398,402
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,512,079 13,509,362 13,529,960
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 1,512,079 13,509,362
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
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)..... 1,512,079 13,509,362
30 Total liabilities and net assets/fund balances (see instructions). 1,512,079 13,509,362
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,512,079
2
Enter amount from Part I, line 27a .....................
2
11,997,283
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
13,509,362
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,509,362
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED STOCK      
b FHLMC, FNMA, FREDDIE MAC, GNMA PRINCIPAL PAYMENTS      
c FHLMC, FNMA, FREDDIE MAC, GNMA PRINCIPAL PAYMENTS      
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 90,550   117,862 -27,312
b 2,553   2,553 0
c 791,644   791,644 0
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       -27,312
b       0
c       0
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -27,312
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 376
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 376
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 376
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,669
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,669
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,293
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,293 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTHOMAS R WOLFE Telephone no.bullet (608) 831-5208

    Located atbullet6102 SOUTH HIGHLANDS AVEMADISONWI ZIP+4bullet53705
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    THOMAS R WOLFE TRUSTEE
    1.00     		0 0 0
    6102 SOUTH HIGHLANDS AVE
    MADISON,WI53705
    PATRICIA A POWERS TRUSTEE
    1.00     		0 0 0
    6102 SOUTH HIGHLANDS AVE
    MADISON,WI53705
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,380,408
    b
    Average of monthly cash balances.......................
    1b
    11,650,796
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,031,204
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    13,031,204
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    195,468
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,835,736
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    641,787
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    641,787
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    376
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    376
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    641,411
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    641,411
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    641,411
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,425
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,425
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,425
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 641,411
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 7,686
    b From 2016...... 44,752
    c From 2017...... 23,997
    d From 2018...... 20,142
    e From 2019...... 44,084
    fTotal of lines 3a through e........ 140,661
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,425
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		Click to see attachment0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 2,425
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 140,661 140,661
    (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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		498,325
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    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)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    THOMAS R WOLFE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Total .................................bullet 3a 0
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 34,708  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -27,312  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 7,396 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    7,396
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    POWERS-WOLFE CHARITABLE TRUST
     
    Employer identification number

    39-6609049
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    POWERS-WOLFE CHARITABLE TRUST
          		Employer identification number
    39-6609049
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    THOMAS WOLFE
    6102 S HIGHLANDS AVE
     
    MADISON, WI53705

    		$ 12,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    POWERS-WOLFE CHARITABLE TRUST
          		Employer identification number

    39-6609049
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    POWERS-WOLFE CHARITABLE TRUST
          		Employer identification number

    39-6609049
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    POWERS-WOLFE CHARITABLE TRUST
    EIN:
    39-6609049
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,350 1,175   1,175

    TY 2020 AppliedToPriorYearElection
    Name:
    POWERS-WOLFE CHARITABLE TRUST
    EIN:
    39-6609049
    Election:
    PURSUANT TO IRC SEC. 4942(H)(20 AND REG. 53.4942(A)-3(D)(2), THE FOUNDATION HEREBY ELECTS TO TREAT CURRENT YEAR QUALIFING DISTRIBUTIONS IN EXCESS OF THE IMMEDIEATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF UNDISTRIBUTED INCOOME FOR 2006. THE AMOUNT ALLOCABLE TO 2006 IS $39,090.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    POWERS-WOLFE CHARITABLE TRUST
    EIN:
    39-6609049
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AYDEN N V 1,954 2,459
    AGILENT TECHNOLOGIES 348 355
    AIA GROUP LTD 1,459 1,769
    AKAMAI 1,595 1,575
    ARCHROCK INC 1,189 1,758
    ABBOTT LABORATORIES 5,937 6,460
    ADIDAS AG SPONS 1,822 2,013
    ADOBE INC 6,834 7,502
    AIR PRODUCTS 6,077 5,738
    AIRBUS SE 774 1,120
    ALBANY INTL CORP 1,190 1,615
    ALCON INC 981 990
    ALPHABET INC 7,648 8,759
    ALTRA INDUSTRIAL MOTION 1,669 2,328
    AMADEUS IT GROUP SA ADS 1,237 1,728
    AMAZON.COM INC 16,164 16,285
    AMERICAN TOWER CORP 6,069 5,387
    CANNAE HOLDINGS INC 234 266
    ANSYS INC 3,882 4,366
    AON PLC 782 845
    APPLE INC 15,558 18,046
    ARCH CAPITAL GROUP LTD 1,407 1,623
    ASML HOLDING NV 1,887 2,439
    ATLASSIAN CORP PLC 1,014 1,169
    ATLAS COPCO AB SPON ADR 1,045 1,022
    AUTODESK INC 2,726 3,359
    BANK OF AMERICA CORP 4,335 4,577
    BIO RAD LABS INC CL A 3,364 3,498
    BLACK KNIGHT INC 2,968 2,827
    BLACKROCK INC 5,873 7,215
    BRIGHT HORIZONS FAMILY 490 519
    BROOKFIELD ASSET 3,640 4,581
    BROOKFIELD RENEWABLE 67 58
    BROOKFIELD INFRASTRUCTURE CORP 1,221 1,518
    BROOKFIELD PROPERTY 191 194
    BROWN & BROWN INC 1,491 1,517
    BROWN-FORMAN CORP 600 635
    BRYN MAWR BANK CORP 1,199 1,346
    BURBERRY GROUP PLC 1,121 1,424
    CBRE GROUP INC 1,687 2,258
    CMC MATERIALS INC 1,937 1,967
    CABOT CORP 1,169 1,302
    CARMAX INC 3,057 3,212
    CELLNEX TELECOM S A ADR 279 281
    CIRRUS LOGIC INC 1,016 1,233
    COGNEX CORP 207 241
    COHERENT INC 962 1,200
    COLFAX CORP 654 803
    CONSTELLATION BRANDS 4,884 6,133
    COPART INC 3,061 3,436
    COSTAR GROUP INC 2,441 2,773
    COSTCO WHOLESALE CORP 5,076 5,651
    CREDIT ACCEPTANCE 1,344 1,384
    DANAHER CORP 6,416 6,886
    DARLING INGREDIENTS INC 3,198 3,922
    DIAGEO PLC NEW 1,360 1,588
    DIODES INC 1,896 2,186
    DOLLAR GENL CORP 646 631
    DOLLAR TREE INC 4,406 4,322
    DOMINOS PIZZA INC 7,665 7,286
    EDWARDS LIFESCIENCES 6,468 6,933
    EASTGROUP PROPERTIES 2,078 2,071
    ELASTIC N V 1,216 1,607
    EDP ENERGIAS DE PORTUGAL 1,301 1,641
    ELECTRONIC ARTS INC 6,471 6,606
    UNITED FIRE GRP INC 433 477
    ENERSYS ENS 1,676 1,910
    ENTEGRIS INC 3,508 4,228
    EQUINIX INC 1,476 1,428
    FB FINANCIAL CORP 1,372 1,632
    FACEBOOK INC CL A 5,465 5,736
    FANUC CORP 1,335 1,630
    FASTENAL CO 1,307 1,465
    FIDELITY NATIONAL 1,190 1,446
    FIRST REPUBLIC BANK 1,028 1,175
    FISERV INC 6,925 7,856
    FORMFACTOR INC 1,426 2,108
    FRANKLIN ELECTRIC CO INC 1,935 2,146
    GIVAUDAN SA 1,356 1,358
    GARTNER INC 1,633 2,082
    GENERAC HOLDINGS INC 5,117 6,367
    GUIDEWIRE SOFTWARE INC 1,316 1,673
    HOYA CORP 1,275 1,527
    HACKETT GROUP INC 989 1,065
    HEARTLAND FINL USA INC 993 1,171
    HEICO CORP NEW CL A 1,180 1,405
    HEXCEL CORP NEW 969 1,455
    HOME DEPOT INC 5,114 4,781
    HORACE MANN EDUCATORS 780 925
    HOWARD HUGHES CORP 692 868
    HYATT HOTELS CORP 572 743
    IQVIA HOLDINGS INC 4,969 5,554
    ICON PLC 1,561 1,560
    IDEXX LABORATORIES INC 1,259 1,500
    INDUSTRIA DE DISENO 1,030 1,171
    JPMORGAN CHASE & CO 5,820 7,497
    JACK IN THE BOX INC 2,602 2,784
    JUST EAT TAKEAWAY 1,522 1,426
    KBC GROUP NV 784 1,047
    KKR & CO INC 2,912 3,199
    KAO CORP 1,384 1,451
    KENNEDY-WILSON HOLDINGS 418 537
    KEYSIGHT TECHNOLOGIES 4,635 5,944
    L3HARRIS TECHNOLOGIES 3,620 3,780
    L OREAL COMPANY 1,679 1,904
    LVMH MOET HENNESSY 1,514 1,871
    LEGRAND 1,535 1,706
    LENNAR CORP 1,532 1,525
    LIBERTY MEDIA CORP 217 259
    LIBERTY MEDIA CORP 615 740
    LIBERTY BROADBAND CORP 557 630
    LIBERTY BROADBAND CORP 2,245 2,534
    LIBERTY MEDIA CORP 68 76
    LIBERTY FORMULA ONE 843 980
    LINDE PLC 1,831 2,108
    LITTELFUSE INC 1,592 2,037
    LIVE NATION 953 1,249
    LONDON STOCK EXCHANGE 2,281 2,532
    M&T BANK CORP 302 382
    MSCI INC CLASS A 1,051 1,340
    HILTON WORLDWIDE 2,401 2,893
    MARKEL CORP 1,964 2,067
    MARTIN MARIETTA 1,279 1,420
    MASTERCARD INC 7,318 7,853
    MEDICAL PROPERTIES 641 784
    MERITAGE HOMES CORP 2,151 1,822
    METTLER TOLEDO INTL INC 2,095 2,279
    MICROSOFT CORP 13,420 14,235
    MICROCHIP TECHNOLOGY INC 1,649 2,072
    MONOLITHIC POWER SYSTEM 2,803 3,296
    MONOTARO CO LTD OSAKA 859 818
    MOODYS CORP 1,096 1,161
    MOOG INC CLASS A 1,048 1,269
    MOTOROLA SOLUTIONS INC 1,016 1,020
    MYRIAD GENETICS INC 843 1,167
    NVIDIA CORP NVDA 5,369 5,744
    NESTLE S A 2,801 2,827
    NEXTERA ENERGY INC 5,692 6,172
    NIDEC CORP 1,351 1,712
    NIKE INC 5,395 7,215
    NINTENDO LTD 2,477 2,979
    NOVARTIS AG 1,935 2,172
    NOVO NORDISK AS 1,553 1,537
    O REILLY AUTOMOTIVE INC 6,248 6,336
    OCADO GROUP PLC 378 387
    ORASURE TECHNOLOGIES INC 2,433 1,821
    PEBBLEBROOK HOTEL TRUST 806 1,166
    PAYPAL HOLDINGS INC 5,665 6,792
    PENN NATIONAL GAMING INC 2,797 3,887
    PING AN INSURANCE GROUP 1,531 1,715
    PIONEER NATURAL 4,444 4,328
    PROGRESSIVE CORP OH 849 890
    RAYMOND JAMES 1,650 2,009
    REALPAGE INC 1,053 1,570
    RENTOKIL INITIAL PLC 1,502 1,531
    RESTAURANT BRANDS INTL 1,742 1,894
    ROCHE HOLDING LIMITED 1,592 1,710
    ROCKWELL AUTOMATION INC 5,142 5,518
    ROPER TECHNOLOGIES INC 2,125 2,155
    ROSS STORES INC 645 860
    S&P GLOBAL INC 671 657
    SBA COMMUNICATIONS CORP 3,015 2,821
    SHISEIDO LTD 1,831 1,940
    SALESFORCE.COM INC 5,233 5,786
    SANMINA CORP 1,553 1,913
    SHOPIFY INC 1,997 2,264
    SLACK TECHNOLOGIES INC 538 803
    SOCIEDAD QUIMICA Y 585 785
    SOLAREDGE TECHNOLOGIES 1,087 1,276
    SPOTIFY TECHNOLOGY SA 1,365 1,573
    SQUARE INC 526 653
    STATE AUTO FINL CORP 400 514
    STEELCASE INC 1,192 1,382
    STONECO LTD 1,322 1,930
    SUMMIT MATERIALS INC 447 462
    TEAMVIEWER AG 1,734 1,943
    TTM TECHNOLOGIES INC 1,494 1,531
    TAIWAN SEMICONDUCTOR 1,838 2,290
    TECHTARGET INC 2,842 3,606
    TELEDYNE TECHNOLOGIES 2,322 2,744
    TELEPERFORMANCE S A 1,410 1,543
    TEMENOS AG 1,296 1,558
    TENCENT HOLDINGS LTD 1,154 1,150
    THERMO FISHER 6,264 6,987
    THOMSON REUTERS CORP 1,563 1,556
    TOKYO ELECTRON LTD 1,326 1,778
    TRANSDIGM GROUP INC 3,942 4,951
    TRANSUNION 1,444 1,687
    TRUSTMARK CORP 719 819
    IHS MARKIT LTD 1,387 1,527
    TYLER TECHNOLOGIES INC 782 873
    UMICORE GROUP ADR 948 1,119
    UNION PACIFIC CORP 6,232 6,663
    VAIL RESORTS INC 1,665 1,953
    VERISIGN INC 1,844 1,948
    VERISK ANALYTICS INC 1,507 1,661
    VESTAS WIND SYSTEMS AS 561 782
    VORNADO REALTY TRUST 194 224
    VULCAN MATERIALS COMPANY 2,597 2,670
    WALMART INC 4,557 4,901
    WASTE MANAGEMENT INC 4,449 4,717
    WELBILT INC 920 1,769
    WESBANCO INC 940 1,138
    WIX LTD 2,667 2,500
    WOLVERINE WORLD WIDE INC 1,855 2,094
    WORLDLINE SA 949 1,114
    XILINX INC 3,760 5,104
    ZOETIS INC CL A 5,067 5,296
    FEDL HOME LOAN MTG CORP 9 16
    FEDL NATL MTG ASSN 2,505 1,483
    FEDL NATL MTG ASSN 2,245 51
    FEDL NATL MTG ASSN 367 337
    FEDL HOME LOAN MTG CORP 254 148
    FEDL NATL MTG ASSN 140 147
    FEDL NATL MTG ASSN 107 75
    FEDL NATL MTG ASSN 795 38
    FEDL HOME LOAN MTG CORP 357 73
    FEDL HOME LOAN MTG CORP 0 4
    FEDL HOME LOAN MTG CORP 930 891
    FEDL HOME LOAN MTG CORP 0 1
    FEDL NATL MTG ASSN 1,028 872
    FEDL HOME LOAN MTG CORP 0 2
    FEDL NATL MTG ASSN 68 139
    FEDL NATL MTG ASSN 1,373 1,178
    FEDL NATL MTG ASSN 415 145
    FEDL NATL MTG ASSN 19 20
    FEDL NATL MTG ASSN 32 39
    FEDL HOME LOAN MTG CORP 4 16
    FEDL NATL MTG ASSN 19 27
    FEDL HOME LOAN MTG CORP 10 26
    FEDL NATL MTG ASSN 132 50
    FEDL NATL MTG ASSN 245 209
    FEDL NATL MTG ASSN 8,963 4,472
    FEDL NATL MTG ASSN 966 339
    FEDL NATL MTG ASSN 1,103 712
    FEDL NATL MTG ASSN 1,108 944
    FEDL NATL MTG ASSN 3,618 3,304
    FEDL NATL MTG ASSN 967 70
    FEDL NATL MTG ASSN 26,679 25,515
    FEDL HOME LOAN MTG CORP 2,170 2,068
    FEDL NATL MTG ASSN 161 96
    FEDL NATL MTG ASSN 4,366 3,355
    FEDL HOME LOAN MTG CORP 108 102
    FEDL NATL MTG ASSN 286 300
    FEDL NATL MTG ASSN 489 311
    FEDL NATL MTG ASSN 468 216
    FEDL NATL MTG ASSN 215 103
    FEDL NATL MTG ASSN 413 301
    FEDL NATL MTG ASSN 178 129
    FEDL NATL MTG ASSN 434 323
    FEDL NATL MTG ASSN 49,832 48,241
    FEDL HOME LOAN MTG CORP 89 74
    FEDL NATL MTG ASSN 765 240
    FEDL NATL MTG ASSN 0 15
    FEDL HOME LOAN MTG CORP 16,922 16,829
    FEDL HOME LOAN MTG CORP 0 4
    FEDL HOME LOAN MTG CORP 27,223 26,632
    FEDL HOME LOAN MTG CORP 11,453 10,133
    FEDL HOME LOAN MTG CORP 54,933 53,478
    FEDL HOME LOAN MTG CORP 4,634 4,305
    FEDL HOME LOAN MTG CORP 10,294 9,910
    FEDL HOME LOAN MTG CORP 199 151
    FEDL NATL MTG ASSN 789 432
    FEDL HOME LOAN MTG CORP 26 56
    FEDL NATL MTG ASSN 317 341
    FEDL NATL MTG ASSN 302 255
    GREEN TREE FINL 8,543 6,417
    FEDL HOME LOAN MTG CORP 353 391
    FEDL NATL MTG ASSN 175 156
    FEDL NATL MTG ASSN 330 329
    FEDL NATL MTG ASSN 11,715 12,202
    FEDL NATL MTG ASSN 128 61
    FEDL NATL MTG ASSN 79 113
    FEDL NATL MTG ASSN 2,716 1,510
    FEDL NATL MTG ASSN 134 178
    FEDL NATL MTG ASSN 5,233 4,592
    FEDL NATL MTG ASSN 300 1,529
    FEDL NATL MTG ASSN 141 178
    FEDL NATL MTG ASSN 2,766 2,110
    FEDL NATL MTG ASSN 1,093 167
    FEDL NATL MTG ASSN 2 34
    FEDL NATL MTG ASSN 3,814 3,269
    FEDL NATL MTG ASSN 311 349
    FEDL NATL MTG ASSN 3,145 161
    FEDL NATL MTG ASSN 293 121
    FEDL NATL MTG ASSN 10,217 9,525
    FEDL HOME LOAN MTG CORP 3,860 3,852
    FEDL HOME LOAN MTG CORP 3,628 2,840
    GOVT NATL MTG ASSN 10,370 6,956
    FEDL HOME LOAN MTG CORP 79,007 74,548
    FEDL NATL MTG ASSN 1,520 1,556
    U S TREASURY NOTE 18,167 18,169
    NATIONAL RURAL UTILS 5,130 5,131
    EXXON MOBIL CORP 8,215 8,220
    U S TREASURY NOTE 8,242 8,242
    BANK NEW YORK INC 9,465 9,456
    BERKSHIRE HATHAWAY INC 7,336 7,342
    PEPSICO INC 8,075 8,101
    NORTHERN STS PWR 10,415 10,414
    STATE STREET CORP 8,504 8,504
    U S TREASURY NOTE 40,474 40,481
    METLIFE INC 8,850 8,861
    U S BANCORP 8,682 8,685
    U S TREASURY NOTE 28,689 28,679
    U S TREASURY NOTE 34,305 34,260
    PUBLIC SVC ELEC GAS CO 9,867 9,843
    U S TREASURY NOTE 28,803 28,873
    AMERICAN EXPR CO 8,118 8,121
    FLORIDA PWR & LIGHT CO 9,981 9,972
    JOHNSON & JOHNSON 8,740 8,702
    PRUDENTIAL FINL INC 9,321 9,325
    U S TREASURY NOTE 24,435 24,348
    BB&T BRH BKG & TR CO 4,626 4,610
    DUKE ENERGY CAROLINAS 11,152 11,159
    WALT DISNEY CO 8,862 8,890
    U S TREASURY NOTE 5,584 5,544
    UNITED PARCEL SERVICE 9,035 9,049
    CAPITAL ONE MULTI ASSET 18,267 18,162
    ONCOR ELEC DELIVERY CO 2,356 2,336
    U S TREASURY NOTE 25,448 25,255
    NORTHERN TR CORP 3,429 3,404
    PEPSICO INC 2,222 2,202
    STATE STREET CORP 3,252 3,261
    COCA COLA CO 5,938 5,864
    KIMBERLY CLARK CORP 9,184 9,190
    MASTERCARD INC 8,193 8,145
    3M CO 4,582 4,536
    U S TREASURY NOTE 9,734 9,752
    DUKE ENERGY FL PROJ FIN 7,526 7,564
    FEDL NATL MTG ASSN 50,124 50,407

    TY 2020 OtherExpensesSchedule
    Name:
    POWERS-WOLFE CHARITABLE TRUST
    EIN:
    39-6609049
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 10 10   0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    POWERS-WOLFE CHARITABLE TRUST
    EIN:
    39-6609049
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ASSET MANAGEMENT FEE 6,503 6,503   0


    TY 2020 TaxesSchedule
    Name:
    POWERS-WOLFE CHARITABLE TRUST
    EIN:
    39-6609049
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PAYMENTS 1,250 0   1,250