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
Hebson Family Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

45-3455627
B Telephone number (see instructions)

(800) 839-1754
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$6,148,833J 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) 1,000,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 110 110  
4 Dividends and interest from securities... 117,609 117,609  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -12,226
b Gross sales price for all assets on line 6a 1,226,268
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........ 1,105,493 117,719  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 55,262 55,262    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,553 1,420    
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 23,798 202   23,596
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 81,613 56,884   23,596
25 Contributions, gifts, grants paid....... 150,000 150,000
26 Total expenses and disbursements. Add lines 24 and 25 231,613 56,884   173,596
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 873,880
b Net investment income (if negative, enter -0-) 60,835
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 132,352 304,061 304,061
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) 814,354 Click to see attachment970,845 1,025,317
b Investments—corporate stock (attach schedule)....... 1,956,978 Click to see attachment2,159,651 2,877,135
c Investments—corporate bonds (attach schedule)....... 1,449,194 Click to see attachment1,792,201 1,942,320
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) 4,352,878 5,226,758 6,148,833
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 4,352,878 5,226,758
29 Total net assets or fund balances (see instructions)..... 4,352,878 5,226,758
30 Total liabilities and net assets/fund balances (see instructions). 4,352,878 5,226,758
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
4,352,878
2
Enter amount from Part I, line 27a .....................
2
873,880
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
5,226,758
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,226,758
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
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 1,226,268   1,238,494 -12,226
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -12,226
b
c
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 -12,226
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................................ 1 846
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........................... 3 846
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- ..... 5 846
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 1,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
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 10 154
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet154 RefundedBullet 11  
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletIL
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
    Bonita Borne-Singer Dir, Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Richard Hebson Dir, Pres
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Heather King Dir, Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    David Milbrandt Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Lucia Siegel Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
    Oppenheimer Investment MGMT 55,262
    85 Broad Street
    NEW YORK,NY10004
    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)
    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
    4,759,794
    b
    Average of monthly cash balances.......................
    1b
    222,213
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,982,007
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    4,982,007
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    74,730
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,907,277
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    245,364
    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
    245,364
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    846
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    846
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    244,518
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    244,518
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    244,518
    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
    173,596
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    173,596
    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
    173,596
    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 7 244,518
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 137,541
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 173,596
    a Applied to 2019, but not more than line 2a 137,541
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 36,055
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		208,463
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		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.... 0
    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).)
    Richard Hebson
    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
    COMPASSION INTERNATIONAL INCORPORATED
    12290 VOYAGER PKWY
    COLORADO SPRINGS,CO80921     		N/A PC HIV/AIDS FUND 37,500
    ELTON JOHN AIDS FOUNDATION INC
    584 BROADWAY RM 906
    NEW YORK,NY10012     		N/A PC U-REPORT FUND 37,500
    ST JUDE CHILDRENS RESEARCH HOSPITAL INC
    501 ST JUDES PL
    MEMPHIS,TN38105     		N/A PC General & Unrestricted 37,500
    THE NEXT STEP FUND INC
    99 BISHOP ALLEN DR
    CAMBRIDGE,MA02139     		N/A PC General & Unrestricted 37,500
    Total .................................bullet 3a 150,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 110  
    4 Dividends and interest from securities....     14 117,609  
    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 -12,226  
    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)..   105,493  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    105,493
    (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
    Hebson Family Foundation
     
    Employer identification number

    45-3455627
    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
    Hebson Family Foundation
          		Employer identification number
    45-3455627
    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
    Hebson Richard
    120 Paisano Road
     
    Sedona, AZ86336

    		$ 1,000,000


    (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
    Hebson Family Foundation
          		Employer identification number

    45-3455627
    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
    Hebson Family Foundation
          		Employer identification number

    45-3455627
    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:  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    Hebson Family Foundation
    EIN:
    45-3455627
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    Hebson Family Foundation
    EIN:
    45-3455627
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AECOM - 5.125% - 03/15/2027 2,025 2,226
    AECOM NOTE - 5.875% - 10/15/20 10,825 11,153
    AIRCASTLE LTD - 5.000% - 04/01 14,483 14,923
    AMAZON COM INC - 1.500% - 06/0 15,018 15,228
    AMERICAN EXPRESS CO NOTE - 3.0 23,973 27,281
    ANHEUSER BUSCH INBEV BOND - 3. 2,250 2,265
    ANHEUSER-BUSCH - 3.650% - 02/0 11,439 12,431
    ARCELORMITTAL SA LUXEMBOURG NO 14,405 14,606
    AT&T INC BOND - 3.400% - 05/15 33,966 38,901
    AVALONBAY COMMUNITIES - 3.500% 24,756 27,562
    BANK AMER CORP - 3.500% - 04/1 11,316 11,333
    BANK AMER CORP FR - 3.300% - 0 24,741 26,505
    BB&T CORP - 2.850% - 10/26/202 34,291 37,875
    BK OF AMERICA PERP - 4.300% - 14,688 16,497
    BORGWARNER INC - 2.650% - 07/0 14,429 15,054
    BOSTON PPTYS LTD - 4.500% - 12 20,546 21,587
    BP CAP MKTS P L C NOTE CALL MA 25,651 27,880
    BURLINGTN NORTH SANTA - 3.000% 19,664 21,004
    BURLINGTON NORTHN SANTA FE - 3 15,017 16,458
    CAMPBELL SOUP CO NOTE CALL MAK 11,227 11,761
    CAMPBELL SOUP CO. NOTE - 2.375 3,148 3,169
    CATERPILLAR FINL SVCS MTNS BE 30,625 32,813
    CENTURYLINK INC - 5.625% - 04/ 15,105 15,103
    CHARTER COM OPERATING - 4.908% 12,724 13,937
    CHEVRON CORP - 3.191% - 06/24/ 20,007 21,224
    CIT GROUP INC - 6.125% - 03/09 13,269 14,610
    CITIGROUP INC - 3.200% - 10/21 11,122 11,177
    CITIGROUP INC NOTE - 2.700% - 24,135 26,001
    COMCAST CORP NOTE - 3.950% - 1 35,863 40,083
    COMCAST CORP NOTE - 4.150% - 1 16,917 18,057
    COMMONSPIRIT - 3.347% - 10/01/ 13,273 14,275
    CONCHO RES INC - 3.750% - 10/0 33,979 40,002
    COSTCO - 2.750% - 05/18/2024 24,274 26,899
    CROWN AMERS LLC - 4.250% - 09/ 12,458 14,328
    CROWN CASTLE INTL CORP NEW NOT 14,371 15,440
    CVS CAREMARK CORP NOTE - 4.300 20,610 23,799
    CVS HEALTH CORP - 5.125% - 07/ 13,039 16,156
    DIAMONDBACK ENERGY - 3.250% - 12,153 12,812
    DIAMONDBACK ENERGY INC NOTE - 2,091 2,137
    DIGITAL RLTY TR DIGITAL RLTY T 14,372 15,662
    DISNEY WALT CO - 2.000% - 09/0 38,525 41,735
    ELANCO ANIMAL HEALTHINC - 4.90 14,435 15,340
    ENERGY TRANSFER OPERATING LP - 14,489 15,178
    ERP OPER LTD - 3.250% - 08/01/ 24,978 27,934
    FISERV INC - 4.200% - 10/01/20 14,004 15,500
    FORD MTR - 8.500% - 04/21/2023 15,440 15,757
    FREEPORT-MCMORAN COPPER &GOLD 2,210 2,195
    FREEPORT-MCMORAN INCNOTE - 4.5 10,973 12,018
    GE CAP CORP - 3.100% - 01/09/2 25,405 26,280
    GENL MOTORS FINL CO INC - 4.25 13,281 14,011
    GMAC LLC GTD SR NT - 8.000% - 15,585 17,614
    GOLDMAN SACHS GROUP - 3.200% - 24,486 26,416
    GOLDMAN SACHS GROUP - 3.500% - 11,194 11,215
    GOLDMAN SACHS GROUP - 4.400% - 21,367 23,518
    GWU - 4.126% - 09/15/2048 12,548 15,197
    HCA INC - 5.375% - 02/01/2025 14,474 14,619
    HOME DEPOT INC - 2.950% - 06/1 15,679 17,050
    HOWMET AEROSPACE - 6.875% - 05 13,971 14,040
    JOBSOHIO BEVERAGE SYS OHIO STA 10,102 11,505
    JOHNSON CTSL INTL - 1.750% - 0 14,072 14,290
    JP MORGAN CHASE - 3.125% - 01/ 15,170 16,429
    JPMORGAN CHASE &CO NOTE - 2.95 10,399 12,204
    JPMORGAN CHASE - 2.972% - 01/1 19,592 20,545
    KIMCO REALTY CORP - 3.300% - 0 19,084 21,861
    KRAFT HEINZ FOODS CONOTE - 4.6 15,470 16,019
    KROGER CO - 3.700% - 08/01/202 31,259 36,789
    LOWES COS INC NOTE CALL MAKE W 34,886 37,343
    MAGELLAN MIDSTREAM PRTNRS LP - 32,216 33,901
    MGM RESORTS - 5.750% - 06/15/2 14,365 14,373
    MICROSOFT CORP NOTE - 2.525% - 5,176 16,873
    MORGAN STANLEY FR - 3.700% - 1 15,519 16,692
    MORGAN STANLEY MTN - 2.750% - 19,524 20,654
    NEWELL BRANDS NEWELL BRANDS IN 14,566 15,421
    PACKAGING CORP AMER - 3.000% - 33,393 33,423
    PARKER HANNIFIN CORP - 2.700% 25,574 26,812
    PARKER HANNIFIN CORPNOTE CALL 11,194 12,483
    PULTE GROUP INC NOTE CALL MAKE 13,030 14,160
    RELX CAPITAL INC - 4.000% - 03 13,672 15,432
    REPUBLIC SVCS INC - 2.300% - 0 31,815 31,698
    SCHWAB CHARLES CORP BOND PERPE 21,080 22,275
    SERVICE CORP - 3.375% - 08/15/ 14,228 14,563
    SHELL INT'L FINANCE - 2.875% - 19,075 22,119
    SOUTHWEST AIRLINES CO - 3.000% 14,090 15,994
    SOUTHWEST AIRLS CO NOTE - 4.75 14,603 15,216
    SPRINT CORP SR GLBL NT - 7.125 11,450 11,700
    STARBUCKS CORP - 2.550% - 11/1 14,192 15,111
    STEEL DYNAMICS INC NOTE - 2.40 14,418 14,880
    TARGET BOND - 3.500% - 07/01/2 25,188 27,674
    TRANSCANADA CORP NOTE - 2.500% 14,524 15,501
    TRUIST FINL CORP TIER I PERP B 14,271 14,700
    TYSON FOODS INC SR NT - 3.950% 32,635 35,537
    UNITED RENTALS - 5.500% - 05/1 14,355 14,980
    UNITED TECH CORP - 3.950% - 08 12,808 13,763
    VERIZON - 3.875% - 02/08/2029 13,673 15,257
    VERIZON COMMUNICATIONS INC - 4 16,106 17,680
    VF CORP NOTE - 2.800% - 04/23/ 14,261 15,313
    VISA INC - 4.300% - 12/14/2045 13,491 16,437
    WASTE CONNECTIONS INC - 2.600% 32,459 32,291
    WELLS FARGO & CO - 3.000% - 04 26,139 27,512
    WELLS FARGO & CO - 3.000% - 10 11,033 11,080
    WELLTOWER INC NOTE CALL MAKE W 7,394 7,629
    WPX ENERGY INC - 5.250% - 09/1 14,913 15,250
    WYNDHAM DESTINATIONS - 5.400% 14,448 15,120

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Hebson Family Foundation
    EIN:
    45-3455627
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 12,509 12,061
    ABBOTT LABS 40,807 53,103
    ACCELERON PHARMA INC 2,473 4,222
    ACCENTURE PLC 28,845 45,712
    ACI WORLDWIDE INC 1,650 2,191
    ADAPTEC, INC 1,122 2,070
    ADIDAS AG 4,985 7,503
    ADOBE SYSTEMS, INC 37,944 72,017
    ADVANCED ENERGY IND INC 5,256 9,018
    ADYEN N.V. 9,236 19,070
    AGCO CP 2,197 3,299
    AIA GROUP LTD ADR 11,338 15,378
    ALBANY INTERNATIONAL CORP 4,998 5,507
    ALCON INC 5,458 5,674
    ALFA LAVAL AB 4,434 4,746
    ALIBABA GROUP HOLDING LTD 4,701 5,120
    ALIGN TECHNOLOGY, INC 16,400 30,994
    ALLIANZ SE 9,691 10,994
    ALLISON TRANMISSION HOLDINGS 6,124 6,168
    ALPHABET INC CL A 13,302 21,032
    ALPHABET INC CL C 46,304 71,827
    ALTRA HLDGS INC 4,729 6,652
    ALTRIA GROUP INC 10,393 8,815
    AMBEV SA 6,395 5,012
    AMER FIN GRP HLD 5,366 7,097
    AMERCO 7,825 9,987
    AMERICAN CAMPUS COMMUNITIES 3,687 4,619
    ARAMARK 1,941 5,041
    ARCHROCK INC 2,693 3,014
    ARROWHEAD PHARMACEUTICALS INC 2,233 7,059
    AT&T, INC 17,842 15,760
    ATLAS COPCO AB A SHS ADR 8,470 13,536
    ATRICURE, INC. 2,991 3,674
    AUTODESK, INC 28,577 47,938
    AVISTA CORP 6,117 6,944
    BAKER HUGHES COMPANY 4,337 6,964
    BANCO BILBAO ARG SA 9,255 6,802
    BANCO ITAU HOLDING FINANCIERA 7,188 7,137
    BANK OF AMERICA CORP 15,493 16,671
    BAUSCH HEALTH COS INC 4,968 5,970
    BCE INC 17,979 18,233
    BIOHAVEN PHARMACEUTICAL HOLDIN 1,659 3,000
    BLACKLINE INC 1,910 3,868
    BLUEBIRD BIO INC 3,762 1,558
    BOK FINANCIAL CORP 7,843 6,985
    BROADCOM INC 10,948 14,011
    CABOT CP 4,990 4,353
    CAMDEN PPTY TR 5,125 5,895
    CANADIAN NATL RAILWAY CO 3,341 4,284
    CARLISLE COS INC 4,221 5,779
    CASELLA WASTE SYSTEMS INC 4,761 9,169
    CATALENT INC 4,931 11,864
    CERNER CORPORATION 3,327 4,709
    CHAMPIONX CORP 3,664 3,733
    CHECK POINT SOFTWARE TECHNOLOG 7,425 9,968
    CHEGG INC 1,604 4,155
    CHEVRON CORP 23,188 17,228
    CHUBB LIMITED 16,312 19,086
    CHUGAI PHARMACEUTICAL CO., LTD 4,215 9,230
    CHURCHILL DOWNS INC 2,802 5,259
    CISCO SYSTEMS INC 12,167 12,262
    CITIGROUP INC 13,616 10,852
    CITIZENS FINANCIAL GROUP, INC 8,806 8,225
    CITRIX SYSTEMS INC 7,136 8,196
    CMC MATERIALS INC 6,122 8,170
    COGNIZANT TECHNOLOGY SOLUTIONS 5,096 6,392
    COHERENT INC CAL 3,783 3,600
    CONMED CORPORATION 5,625 7,392
    CONOCOPHILLIPS 13,260 8,838
    CORE LABORATORIES 4,611 1,379
    CORNING INC 2,263 2,844
    CORP OFFICE PPTY TR 5,006 4,616
    CRACKER BARREL OLD COUNTRY STO 5,318 5,936
    DARLING INGREDIENTS INC 4,434 13,209
    DASSAULT SYS SA SPN ADR 10,311 13,850
    DBS GROUP HLDGS SPON ADR 11,490 11,255
    DENTSPLY SIRONA INC 4,762 5,864
    DIAGEO PLC ADS 17,428 18,581
    DICK'S SPORTING GDS 2,784 3,935
    DISCOVERY INC (FORMERLY DISC C 4,934 5,386
    DOLBY LABORATORIES 3,137 4,371
    DOLLAR GENERAL CORP 16,756 29,863
    DOW INC 11,143 11,267
    DUKE ENERGY CO 11,821 12,727
    DYNAMIC MATLS CORP COM 3,268 2,595
    EATON VANCE CORP COM 1,020 1,494
    EBAY INC 5,808 7,487
    ELI LILLY & CO 5,345 9,117
    EMCOR GROUP INC 3,205 4,116
    EMERGENT BIOSOLUTIONS INC 3,405 5,107
    ENCOMPASS HEALTH CORPORATION 6,935 9,261
    ENERSYS 5,649 6,063
    ENTEGRIS INC MINNESOTA 6,941 17,682
    ENTERPRISE FINANCIAL SERVICES 4,006 2,971
    ENVESTNET INC 2,157 3,209
    EPIROC AB 3,551 6,363
    ETSY INC 3,636 10,675
    EVERBRIDGE INC 2,744 4,174
    EXACT SCIENCES CORPORATION 2,532 3,842
    EXELIXIS, INC. 3,480 3,572
    EXLSERVICE HOLDINGS INC 1,630 2,299
    EXXON MOBIL CORP 17,467 9,893
    FACEBOOK INC 51,642 84,133
    FANUC LIMITED UNSPONSORED 3,491 4,000
    FIBROGEN INC 2,583 2,300
    FIDELITY NATIONAL FINANCIAL IN 6,775 8,013
    FIFTH THIRD BANCORP 5,559 5,238
    FIRST MERCHANTS CORPORATION 4,900 4,976
    FIRSTCASH INC 7,142 5,813
    FLIR SYSTEMS INC 4,874 3,989
    FOMENTO ECONOMICO MEXICANO 6,758 6,289
    FORMFACTOR INC. 3,522 10,368
    FRANKLIN ELECTRIC CO., INC 4,975 7,405
    FUCHS PETROLUB SE 2,323 2,501
    GARTNER INC 20,937 24,669
    GATX CORP INC 4,649 5,157
    GEN DYNAMICS CP 17,416 16,668
    GENUINE PARTS COMPANY 13,189 14,060
    GUARDANT HEALTH INC 1,839 3,093
    GUIDEWIRE SOFTWARE INC 1,064 1,545
    HDFC BANK LTD ADR 3,340 4,914
    HEALTHPEAK PROPERTIES INC 8,922 11,397
    HEARTLAND FINANCIAL USA, INC. 3,743 2,786
    HEXCEL CP DELAWARE 8,100 5,625
    HORACE MANN EDUCATOR 3,820 3,700
    HOULIHAN LOKEY INC 5,405 7,731
    HUNTINGTON INGALLS INDUSTRIES 7,039 6,308
    HYATT HOTELS CORP 2,623 3,564
    ICICI BK LTD ADS 3,713 6,152
    ILLUMINA INC COM 19,431 22,570
    INARI MEDICAL INC 2,982 3,753
    INFINEON TECH ADS 10,208 20,085
    INGREDION INC 7,835 7,159
    INPHI CORPORATION 1,100 1,765
    INSPERITY INC 3,819 3,257
    INTEL CORP 14,681 14,448
    INTERPUBLIC GROUP OF COS 8,521 9,455
    INTUITIVE SURGICAL 18,918 22,089
    IRADIMED CORP 702 661
    IRHYTHM TECHNOLOGIES INC 2,676 6,642
    ITT INC 2,180 2,927
    JOHNSON & JOHNSON 17,382 21,404
    JOHNSON CONTROLS INTERNATIONAL 15,948 21,012
    JP MORGAN CHASE 19,601 23,000
    KIMBERLY CLARK CORP 10,548 13,213
    KOMATSU LTD 4,731 6,200
    KUBOTA CORPORATION 5,518 7,393
    L'AIR LIQUIDE ADR OTC 3,129 4,309
    L'OREAL ADR 8,289 12,641
    LHC GROUP 2,637 4,693
    LINDE PLC COM 4,091 6,588
    LITHIA MOTORS INC CL A 2,573 3,219
    LITTELFUSE, INC 5,671 7,130
    LKQ CORPORATION 6,679 8,810
    LOEWS CORP 7,333 6,888
    LONZA GROUP AG UNSP/ADR 5,330 11,406
    LOWES COMPANIES INC 6,580 10,915
    LUMENTUM HOLDINGS INC 4,828 6,162
    MANTECH INTERNATIONAL CORP 4,436 6,848
    MASTERCARD INC 33,115 51,042
    MATERION CORP 1,145 1,274
    MEDTRONIC PLC 13,746 17,102
    MERCK & CO INC 12,608 15,542
    MERITAGE CORPORATION 2,646 4,804
    MICROSOFT CORP 48,688 90,970
    MOHAWK INDS INC 2,697 4,369
    MOLINA HEALTHCARE 3,467 7,018
    MONOLITHIC POWER SYSTEMS, INC 2,638 6,226
    MOOG INC CL A 3,430 3,331
    MORGAN STANLEY 12,208 20,559
    MSCI INC 10,809 20,540
    MYRIAD GENETICS, INC 7,888 4,725
    NATERA INC 1,199 3,284
    NESTLE S.A 6,630 9,542
    NEW YORK TIMES CO CL A 3,290 5,177
    NEXTERA ENERGY, INC 14,397 24,071
    NIKE INC-CL B 14,006 24,050
    NORTHERN TRUST CORPORATION 4,276 4,098
    NOTORI HOLDINGS 2,775 4,469
    NOVARTIS AG ADR 14,147 18,036
    NOVOCURE LTD 1,693 5,537
    NOVOZYMES A/S UNSP/ADR 3,158 3,481
    OIL CO LUKOIL PJSC SPON ADR RE 5,576 4,512
    PAYPAL HOLDINGS, INC 18,045 43,327
    PEBBLEBROOK HOTEL TR COM 6,089 4,681
    PERFORMANCE FOOD GROUP COMPANY 958 1,857
    PFIZER INC 15,343 16,270
    PHILIP MORRIS INTL 16,902 17,634
    PING AN INSURANCE GROUP ADR 5,925 6,517
    PLEXUS CORPORATION INC 4,118 4,927
    POWER INTEGRATIONS, INC 1,672 3,847
    PRIMERICA, INC 2,438 2,813
    PROGRESSIVE CORP OHIO 3,152 4,153
    PVH CORP 3,070 5,352
    QUALYS INC COM 2,556 4,144
    RAYMOND JAMES FINANCIAL INC 4,710 4,975
    RAYTHEON TECHNOLOGIES CORP 16,769 14,517
    REALPAGE, INC 1,863 2,966
    REGENERON PHARMACEUTICALS INC 15,688 23,672
    REINSURANCE GROUP AMER INC 8,119 7,649
    REPLIGEN CORP 1,972 4,599
    REVOLVE GROUP INC 3,002 3,366
    REXNORD CORP 2,433 2,883
    RIO TINTO PLC SPONSORED ADR 6,565 9,252
    RITCHIE BROS AUCTIONEERS 2,516 2,782
    ROCHE HOLDING LTD ADR 8,508 11,837
    ROYAL DUTCH SHEL PLC SPONS ADR 7,629 4,773
    RYDER SYSTEM 2,328 4,261
    SABRE CORPORATION 5,306 7,368
    SALESFORCE.COM 31,365 40,055
    SANMINA-SCI CORPORATION 5,698 6,442
    SAP AKTIENGESELL ADS 12,482 14,343
    SCHNEIDER ELEC UNSP/ADR 7,153 10,625
    SCOTTS CO. CLASS A 3,927 9,160
    SEAWORLD ENTERTAINMENT INC 2,669 3,349
    SEI INVESTMENTS 6,659 6,896
    SEMTECH CORPORATION 2,167 3,244
    SENSATA TECHNOLOGIES HOLDINGS 3,716 4,747
    SERVICE NOW 24,122 45,686
    SGS SA UNSP ADR 3,390 3,991
    SHIONOGI & CO LTD 3,481 3,343
    SHOCKWAVE MEDICAL ORD SHS 3,007 3,215
    SIEMENS AG 14,728 17,948
    SIGNATURE BANK 7,759 9,876
    SKYWORKS SOLUTIONS, INC 1,792 3,669
    SMITH A O CORP DEL COM 2,790 3,125
    SNAP ON INC 5,188 5,819
    SONOVA HOLDING AG AD 4,173 6,093
    SOUTH STATE CORPORATION 3,791 3,832
    SPX CORPORATION 1,560 1,745
    STAG INDUSTRIAL INC 5,044 5,199
    STARBUCKS CORP COM 22,566 35,303
    STEELECASE INC 6,059 4,702
    STIFEL FINANCIAL CP 3,230 4,289
    STONERIDGE INC 2,156 2,600
    SYMRISE AG UNSPONSORED 4,566 7,087
    SYSMEX CORP UNSP ASDR 5,359 6,977
    TAIWAN SEMICONDUCTOR MFG CO LT 7,994 20,063
    TARGET CORPORATION 11,475 22,596
    TELEDYNE TECH INC 5,341 9,016
    TENCENT HOLDINGS LIMITED 7,199 10,568
    THE MOSAIC CO 3,627 4,579
    TIMKEN CO COM 4,351 7,272
    TOPBUILD CORP 3,038 3,498
    TORREY PINES THERAPEUTICS 1,210 3,290
    TRAVELERS COMPANIES INC 8,934 9,826
    TREX CO INC 1,783 3,684
    TRUIST FINANCIAL CORPORATION 15,852 15,290
    TRUSTMARK CORPORATION 3,531 2,977
    U G I CP 9,397 6,992
    UNICHARM CORP - SPN ADR 6,558 9,235
    UNILEVER PLC AMER 21,302 22,937
    UNITED BANKSHARES, INC 3,686 3,305
    UNITED FIRE GROUP 3,633 1,782
    UNITED PARCEL SERVICE 10,272 10,609
    UNITEDHEALTH GROUP INC 26,499 30,509
    UNIVERSAL DISPLAY CORP 2,217 3,447
    UNIVERSAL HLTH SVC B 6,494 7,975
    VENTAS INC 6,887 8,582
    VERACYTE INC 1,756 4,502
    VIKING THERAPEUTICS INC 717 349
    VISA INC 34,112 50,527
    VISTRA ENERGY CORP 10,281 8,690
    WALGREENS BOOTS ALLIANCE 12,638 8,494
    WELLTOWER INC. 12,777 13,441
    WEYERHAEUSER CO 6,233 6,605
    WHITE MTN INS LTD 6,354 7,005
    WOLVERINE WORLDWIDE 5,356 5,219
    WPX ENERGY INC 1,820 1,817
    YANDEX N V 1,725 3,896
    ZIMMER BIOMET HOLDINGS 3,462 5,855
    ZOETIS INC 27,456 45,016
    ZYNGA INC 1,610 3,415

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    Hebson Family Foundation
    EIN:
    45-3455627
    US Government Securities - End of Year Book Value:

    883,949
    US Government Securities - End of Year Fair Market Value:

    932,083
    State & Local Government Securities - End of Year Book Value:


    86,896
    State & Local Government Securities - End of Year Fair Market Value:


    93,234


    TY 2020 OtherExpensesSchedule
    Name:
    Hebson Family Foundation
    EIN:
    45-3455627
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 23,581     23,581
    Bank Charges 202 202    
    State or Local Filing Fees 15     15


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Hebson Family Foundation
    EIN:
    45-3455627
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 55,262 55,262    


    TY 2020 TaxesSchedule
    Name:
    Hebson Family Foundation
    EIN:
    45-3455627
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2020 1,000      
    990-PF Excise Tax for 2019 133      
    Foreign Tax Paid 1,420 1,420