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
ANN PEPPERS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)625 FAIR OAKS AVENUE NO 360
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SOUTH PASADENA, CA91030
A Employer identification number

95-2114455
B Telephone number (see instructions)

(626) 441-5188
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$40,125,786J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 615,625 615,627  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,486,466
b Gross sales price for all assets on line 6a 14,228,483
7 Capital gain net income (from Part IV, line 2)... 2,499,596
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 4,259 16,299 0
12 Total. Add lines 1 through 11........ 3,106,350 3,131,522 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 72,000 18,000 0 54,000
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 17,265 4,316 0 12,949
c Other professional fees (attach schedule).... Click to see attachment 493,512 255,635 0 237,877
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 89,930 3,730 0 0
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 9,987 0 0 9,987
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 682,694 281,681 0 314,813
25 Contributions, gifts, grants paid....... 1,033,306 1,280,000
26 Total expenses and disbursements. Add lines 24 and 25 1,716,000 281,681 0 1,594,813
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,390,350
b Net investment income (if negative, enter -0-) 2,849,841
c Adjusted net income (if negative, enter -0-)... 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............. 5,750 97,617 97,617
2 Savings and temporary cash investments......... 420,424 965,876 965,876
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.......... 18,824    
10a Investments—U.S. and state government obligations (attach schedule) 1,781,522 Click to see attachment2,629,168 2,629,168
b Investments—corporate stock (attach schedule)....... 27,666,922 Click to see attachment29,782,364 29,782,364
c Investments—corporate bonds (attach schedule)....... 4,937,974 Click to see attachment5,568,216 5,568,216
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 888,089 Click to see attachment1,082,281 1,082,281
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment239,188 Click to see attachment264 Click to see attachment264
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 35,958,693 40,125,786 40,125,786
Liabilities 17 Accounts payable and accrued expenses.......... 41,183 45,866
18 Grants payable................. 246,694  
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment186,280 Click to see attachment229,570
23 Total liabilities (add lines 17 through 22)......... 474,157 275,436
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........... 35,484,536 39,850,350
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)..... 35,484,536 39,850,350
30 Total liabilities and net assets/fund balances (see instructions). 35,958,693 40,125,786
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
35,484,536
2
Enter amount from Part I, line 27a .....................
2
1,390,350
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,975,464
4
Add lines 1, 2, and 3 ..........................
4
39,850,350
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
39,850,350
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 SALE OF PUBLICLY TRADED SECURITIES   2020-01-01 2020-12-31
b WTC MULTI STRATEGY FUND OFFSHORE, LLC P 2020-01-01 2020-12-31
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 14,228,483   11,737,206 2,491,277
b       8,319
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       2,491,277
b       8,319
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 2,499,596
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 39,613
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 39,613
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 39,613
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 37,170
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 14,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 51,170
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 11,557
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet11,557 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)
    bulletCA
    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 instructionsClick to see attachment.................
    12
    Yes
     
    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 ofbulletWHITTIER TRUST COMPANY Telephone no.bullet (626) 441-5188

    Located atbullet625 FAIR OAKS AVENUE NO 360SOUTH PASADENACA ZIP+4bullet91030
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........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
    PHILIP A SWAN PRESIDENT/DIRECTOR
    3.00     		18,000 0 0
    625 FAIR OAKS AVENUE STE 360
    SOUTH PASADENA,CA91030
    JENNIFER F DEVOLL VICE PRESIDENT/DIRECTOR
    3.00     		18,000 0 0
    625 FAIR OAKS AVENUE STE 360
    SOUTH PASADENA,CA91030
    LAWAYNE WILLIAMS TREASURER/DIRECTOR
    3.00     		18,000 0 0
    625 FAIR OAKS AVENUE STE 360
    SOUTH PASADENA,CA91030
    PEGINE E GRAYSON SECRETARY/EXECUTIVE DIRECTOR
    3.00     		0 0 0
    625 FAIR OAKS AVENUE STE 360
    SOUTH PASADENA,CA91030
    MARY J MACHADO SCHAMMEL AUDIT CHAIR/DIRECTOR
    3.00     		18,000 0 0
    625 FAIR OAKS AVENUE STE 360
    SOUTH PASADENA,CA91030
    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
    WHITTIER TRUST COMPANY PHILANTHROPIC SVCS & INVESTMENT MGMT 493,512
    625 FAIR OAKS AVENUE STE 360
    SOUTH PASADENA,CA91030
    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
    30,781,879
    b
    Average of monthly cash balances.......................
    1b
    893,780
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,082,545
    d
    Total (add lines 1a, b, and c).........................
    1d
    32,758,204
    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
    32,758,204
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    491,373
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    32,266,831
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,613,342
    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
    1,613,342
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    39,613
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    39,613
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,573,729
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,573,729
    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
    1,573,729
    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
    1,594,813
    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
    1,594,813
    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
    1,594,813
    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 1,573,729
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 99,210
    b Total for prior years:20, 20, 20 0
    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........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,594,813
    a Applied to 2019, but not more than line 2a 99,210
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 1,495,603
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 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 ..........     		78,126
    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).)
    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 e-mail address of the person to whom applications should be addressed:
    WHITTIER TRUST PHILANTHROPIC SERVIC
    625 FAIR OAKS AVENUE STE 360
    SOUTH PASADENA,CA91030
    (626) 441-5188
    bThe form in which applications should be submitted and information and materials they should include:
    FOR SUBMISSION GUIDELINES AND FORMAT, PLEASE CONTACT WHITTIER TRUST PHILANTHROPIC SERVICES.
    cAny submission deadlines:
    FOR SUBMISSION GUIDELINES AND FORMAT, PLEASE CONTACT WHITTIER TRUST PHILANTHROPIC SERVICES.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS ARE MADE IN SUPPORT OF EDUCATION, SOCIAL SERVICES AND ARTS IN THE LOS ANGELES COUNTY AREA.
    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
    OCCIDENTAL COLLEGE
    1600 CAMPUS ROAD M-34
    LOS ANGELES,CA90041     		NONE PC THE ANN PEPPERS FOUNDATION SCHOLARSHIP ENDOWMENT 90,000
    POMONA COLLEGE
    550 NORTH COLLEGE AVENUE
    CLAREMONT,CA91711     		NONE PC SUPPORT FOR FINANCIAL AID/SCHOLARSHIPS 90,000
    CLAREMONT MCKENNA COLLEGE
    500 E NINTH ST
    CLAREMONT,CA91711     		NONE PC CLAREMONT MCKENNA COLLEGE CHALLENGE GRANT 45,000
    ARMORY CENTER FOR THE ARTS
    145 NORTH RAYMOND AVENUE
    PASADENA,CA91103     		NONE PC GENERAL OPERATING SUPPORT 35,000
    PASADENA SYMPHONY ASSOCIATION
    2 N LAKE AVE SUITE 1080
    PASADENA,CA91101     		NONE PC GENERAL OPERATING SUPPORT 35,000
    PASADENA PLAYHOUSE STATE THEATER OF CALIFORNIA INC
    39 SOUTH EL MOLINO AVENUE
    PASADENA,CA91101     		NONE PC GENERAL OPERATING SUPPORT 35,000
    INNER-CITY ARTS
    720 KOHLER STREET
    LOS ANGELES,CA90021     		NONE PC GENERAL OPERATING SUPPORT 30,000
    PASADENA CONSERVATORY OF MUSIC (PCM)
    100 NORTH HILL AVENUE
    PASADENA,CA91106     		NONE PC EXPANSION OF THE MUSIC EDUCATION PROGRAMS 29,000
    LOS ANGELES MASTER CHORALE ASSOCIATION
    135 NORTH GRAND AVENUE
    LOS ANGELES,CA90012     		NONE PC GENERAL OPERATING SUPPORT 29,000
    A NOISE WITHIN
    3352 E FOOTHILL BLVD
    PASADENA,CA91107     		NONE PC GENERAL OPERATING SUPPORT 29,000
    LOS ANGELES CHILDREN'S CHORUS
    585 E COLORADO BLVD
    PASADENA,CA91101     		NONE PC GENERAL OPERATING SUPPORT 29,000
    LOYOLA MARYMOUNT UNIVERSITY
    1 LMU DRIVE
    LOS ANGELES,CA90045     		NONE PC ANN PEPPERS FOUNDATION ENDOWED SCHOLARSHIP FUND 28,000
    THE HUNTINGTON LIBRARY ART COLLECTIONS AND BOTANICAL GARDENS
    1151 OXFORD ROAD
    SAN MARINO,CA91108     		NONE PC EDUCATION PROGRAM SUPPORT 25,000
    YOUNG & HEALTHY
    136 WEST PEORIA STREET
    PASADENA,CA91103     		NONE PC GENERAL OPERATING SUPPORT 25,000
    NEW VILLAGE CHARTER SCHOOL INC
    147 N OCCIDENTAL BOULEVARD
    LOS ANGELES,CA90026     		NONE PC GENERAL OPERATING SUPPORT 25,000
    CASA DE LAS AMIGAS DBA CASA TREATMENT CENTER
    160 N EL MOLINO AVENUE
    PASADENA,CA91101     		NONE PC GENERAL OPERATING SUPPORT 25,000
    SOUTH PASADENA SAN MARINO YMCA
    1605 GARFIELD AVE
    SOUTH PASADENA,CA91030     		NONE PC GENERAL OPERATING SUPPORT 25,000
    VILLA ESPERANZA SERVICES
    2116 EAST VILLA STREET
    PASADENA,CA91107     		NONE PC GENERAL OPERATING SUPPORT 25,000
    PLANNED PARENTHOOD PASADENA AND SAN GABRIEL VALLEY
    2333 LAKE AVENUE
    ALTADENA,CA91001     		NONE PC GENERAL OPERATING SUPPORT 25,000
    BOY SCOUTS OF AMERICA GREATER LOS ANGELES AREA COUNCIL
    2333 SCOUT WAY
    LOS ANGELES,CA90026     		NONE PC SCOUTREACH PROGRAM IN NORTHWEST PASADENA 25,000
    A PLACE CALLED HOME
    2830 SOUTH CENTRAL AVENUE
    LOS ANGELES,CA90011     		NONE PC GENERAL OPERATING SUPPORT 25,000
    FUND FOR PARTNERSHIP FOR SUCCESS
    324 MADELINE DRIVE
    PASADENA,CA91105     		NONE PC PROGRAM SUPPORT 25,000
    BOYS AND GIRLS CLUB OF WEST SAN GABRIEL VALLEY
    328 S RAMONA AVE
    MONTEREY PARK,CA91754     		NONE PC GENERAL OPERATING SUPPORT 25,000
    READING PARTNERS
    3452 EAST FOOTHILL
    PASADENA,CA91107     		NONE PC GENERAL OPERATING SUPPORT 25,000
    WAYFINDER FAMILY SERVICES
    5300 ANGELES VISTA BLVD
    LOS ANGELES,CA90043     		NONE PC CAMPING PROGRAM 25,000
    PROFESSIONAL CHILD DEVELOPMENT ASSOCIATES
    620 N LAKE AVENUE
    PASADENA,CA91101     		NONE PC GENERAL OPERATING SUPPORT 25,000
    DOOR OF HOPE
    669 N LOS ROBLES AVE
    PASADENA,CA91101     		NONE PC GENERAL OPERATING SUPPORT 25,000
    PARTNERS IN CARE FOUNDATION
    732 MOTT STREET SUITE 150
    SAN FERNANDO,CA91340     		NONE PC GENERAL OPERATING SUPPORT 25,000
    CANCER SUPPORT COMMUNITY PASADENA
    76 EAST DEL MAR BLVD SUITE 215
    PASADENA,CA91105     		NONE PC GENERAL OPERATING SUPPORT 25,000
    UNION STATION HOMELESS SERVICES
    825 E ORANGE GROVE BLVD
    PASADENA,CA91104     		NONE PC GENERAL OPERATING SUPPORT 25,000
    COLLEGE ACCESS PLAN
    871 E WASHINGTON BLVD
    PASADENA,CA91104     		NONE PC GENERAL OPERATING SUPPORT 25,000
    THE FROSTIG CENTER
    971 N ALTADENA DRIVE
    PASADENA,CA91107     		NONE PC GENERAL OPERATING SUPPORT 25,000
    FAMILIES FORWARD (FORMERLY MOTHER'S CLUB)
    980 N FAIR OAKS AVE
    PASADENA,CA91103     		NONE PC GENERAL OPERATING SUPPORT 25,000
    FAMILY HOPE (DBA ELIZABETH HOUSE)
    PO BOX 94077
    PASADENA,CA91101     		NONE PC GENERAL OPERATING SUPPORT 25,000
    FLINTRIDGE CENTER
    236 WEST MOUNTAIN STREET SUITE 106
    PASADENA,CA91103     		NONE PC GENERAL OPERATING SUPPORT 20,000
    PASADENA COMMUNITY FOUNDATION
    301 E COLORADO BLVD SUITE 810
    PASADENA,CA91101     		NONE PC DEVOLL DONOR ADVISED FUND AND COVID-19 RESPONSE FUND 20,000
    LOS ANGELES ARBORETUM FOUNDATION
    301 N BALDWIN AVENUE
    ARCADIA,CA91007     		NONE PC NEXT GENERATION SCIENCE FIELD STUDY PROGRAM 20,000
    CONVALESCENT AID SOCIETY
    3255 E FOOTHILL BLVD
    PASADENA,CA91107     		NONE PC GENERAL OPERATING SUPPORT 20,000
    PASADENA EDUCATIONAL FOUNDATION
    351 SOUTH HUDSON AVENUE
    PASADENA,CA91101     		NONE PC GENERAL OPERATING SUPPORT AND TEACHER GRANTS PROGRAM 20,000
    JERICHO ROAD PASADENA
    75 SOUTH GRAND AVENUE
    PASADENA,CA91105     		NONE PC GENERAL OPERATING SUPPORT 20,000
    MUSEIQUE
    300 E GREEN STREET 3RD FLOOR
    PASADENA,CA91101     		NONE PC GENERAL OPERATING SUPPORT 19,000
    BOYS AND GIRLS CLUB OF PASADENA
    3230 EAST DEL MAR BLVD
    PASADENA,CA91107     		NONE PC GENERAL OPERATING SUPPORT 15,000
    USC PACIFIC ASIA MUSEUM
    46 NORTH LOS ROBLES AVENUE
    PASADENA,CA91101     		NONE PC GENERAL OPERATING SUPPORT 15,000
    FULCRUM ARTS SALASTINA MUSIC SOCIETY
    495 E COLORADO BLVD
    PASADENA,CA91101     		NONE PC GENERAL OPERATING SUPPORT 15,000
    PARSON'S NOSE THEATER
    95 N MARENGO AVE SUITE 110
    PASADENA,CA91101     		NONE PC GENERAL OPERATING SUPPORT 12,000
    HUNTINGTON MEMORIAL HOSPITAL
    2001 STULTS ROAD
    HUNTINGTON,IN46750     		NONE PC COVID-19 RESPONSE FUND 10,000
    KPCC SOUTHERN CALIFORNIA PUBLIC RADIO
    474 SOUTH RAYMOND AVENUE
    PASADENA,CA91105     		NONE PC ENVIRONMENTAL REPORTING DISCRETIONARY GRANT 10,000
    GEORGETOWN UNIVERSITY
    37TH AND O STREETS NW
    WASHINGTON,DC20057     		NONE PC GEORGETOWN INSTITUTE FOR WOMEN, PEACE & SECURITY FY 2021 5,000
    ALZHEIMER'S ASSOCIATION CA SOUTHLAND CHAPTER
    9606 S SANTA MONICA BLVD
    BEVERLY HILLS,CA90210     		NONE PC YOUTH AMBASSADOR PROGRAM 5,000
    Total .................................bullet 3a 1,280,000
    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....     14 615,625  
    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 2,486,466  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME     		    01 4,259  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 3,106,350 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,106,350
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 17,265 4,316 0 12,949

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Name of Bond End of Year Book Value End of Year Fair Market Value
    450000 UNITS CITIGROUP INC PRFD 5.900%12/31/99 472,725 472,725
    200000 UNITS SOUTHWEST AIRLS CO NOTE 5.125% 6/15/27 237,924 237,924
    200000 UNITS WELLS FARGO CO MTN BE MTNF 4.300% 07/22/27 234,356 234,356
    200000 HALLIBURTON CO NOTE 3.800% 11/15/25 224,304 224,304
    200000 UNITS HSBC HLDGS PLC NOTE 3.803% 03/11/25 218,366 218,366
    165000 UNITS BANK AMER CORP MTNF 4.000% 1/22/25 185,407 185,407
    150000 UNITS CITIGROUP INC PRFD 6.250%12/31/99 172,044 172,044
    5965 UNITS CITIGROUP INC DEP SHS RP PFD K 171,255 171,255
    150000 UNITS FORD MOTOR CREDIT CO LLC NOTE 5.125% 6/16/25 163,095 163,095
    135000 UNITS GEICO CORP DEB 7.350% 7/15/23 158,405 158,405
    130000 UNITS ROYAL BK OF CDA BD CDS MTNF 3.700%10/05/23 141,742 141,742
    140000 UNITS ROYAL BK CDA MTNV 4/12/22 140,074 140,074
    140000 UNITS TOYOTA MOTOR CREDIT CORP MTNV 6/29/22 139,279 139,279
    100000 UNITS BANC ONE CORP SDEB 7.750% 7/15/25 129,422 129,422
    110000 UNITS GOLDMAN SACHS GROUP INC NOTE 3.272% 9/29/25 120,497 120,497
    105000 UNITS DIGNITY HEALTH DEB 3.812%11/01/24 114,344 114,344
    100000 UNITS BOEING CO NOTE 4.875% 5/01/25 113,991 113,991
    100000 UNITS HOLLYFRONTIER CORP NOTE 5.875% 4/01/26 111,670 111,670
    100000 UNITS ARES CAPITAL CORP NOTE 3.250% 7/15/25 105,980 105,980
    100000 UNITS GULF PWR CO NOTE 3.100% 5/15/22 102,818 102,818
    97000 UNITS AMERICAN EXPRESS CR CORP MTN MTNV 3/03/22 97,601 97,601
    105000 UNITS WELLS FARGO & CO MTNV 1/31/38 95,025 95,025
    70000 UNITS NATIONSBANK CORP MTN SUB NT MTNF 8.570%11/15/24 89,707 89,707
    65000 UNITS NORSK HYDRO A S DEB 7.150% 11/15/25 83,028 83,028
    74000 UNITS FOMENTO ECONOMICO MEXICANO S NOTE 2.875% 5/10/23 77,330 77,330
    70000 UNITS ROYAL BK OF SCOTLAND PLC NOTE 6.125%12/15/22 76,984 76,984
    70000 UNITS WELLS FARGO CO MTN BE MTNF 3.300% 9/09/24 76,664 76,664
    75000 UNITS LLOYDS BANKING GROUP PLC NOTE 3.100% 7/06/21 76,049 76,049
    70000 UNITS WELLS FARGO BANK NATL ASSN MTNF 3.550% 8/14/23 75,601 75,601
    70000 UNITS BARCLAYS BANK PLC MTNV 3.250%11/24/27 73,548 73,548
    70000 UNITS COLUMBIA PPTY TR OPER PART NOTE 3.650% 8/15/26 73,170 73,170
    70000 UNITS GOLDMAN SACHS GROUP INC PRFD 5.375% 12/31/99 69,859 69,859
    60000 UNITS MEAD JOHNSON NUTRITION CO NOTE 4.125%11/15/25 69,229 69,229
    60000 UNITS GOLDMAN SACHS GROUP INC MTNF 4.000% 3/03/24 66,297 66,297
    50000 UNITS FIRST UN CORP SDEB 7.574% 8/01/26 65,852 65,852
    65000 UNITS CITIGROUP INC PRFD 12/31/99 65,098 65,098
    60000 UNITS AIR LEASE CORP NOTE 3.250% 3/1/25 64,241 64,241
    50000 UNITS WACHOVIA CORP NOTE 6.605% 10/01/25 62,510 62,510
    55000 UNITS EVERSOURCE ENERGY NOTE 3.350% 3/15/26 61,259 61,259
    70000 UNITS STATE STR CORP DEB 6/01/77 60,116 60,116
    50000 UNITS VALERO ENERGY PARTNERS LP NOTE 4.375% 12/15/26 57,878 57,878
    55000 UNITS WELLS FARGO & CO MTNF 2.625% 7/22/22 56,932 56,932
    55000 UNITS JP MORGAN CHASE BANK NA MTNV 3/28/24 56,512 56,512
    55000 UNITS JP MORGAN CHASE BANK NA MTNV 3/06/24 56,496 56,496
    50000 UNITS BANK AMER CORP MTNF 2.456% 10/22/25 53,301 53,301
    55000 UNITS WELLS FARGO & CO MTNV 5/19/27 51,975 51,975
    40000 UNITS CUMMINS INC DEB 6.750% 2/15/27 50,691 50,691
    50000 UNITS CITIBANK NA NY FRNT 7/23/21 50,145 50,145
    50000 UNITS OCCIDENTAL PETE CORP NOTE 3.400% 4/15/26 47,670 47,670
    40000 UNITS AMERICAN EXPRESS CO PRFD 5.200%12/31/99 39,700 39,700
    1191 UNITS MORGAN STANLEY DEP SHS 1/1000TH 33,944 33,944
    30000 UNITS JPMORGAN CHASE AND CO PRFD 4.625%12/31/99 29,620 29,620
    25000 UNITS ANADARKO PETE CORP DEB 7.200% 3/15/29 24,560 24,560
    18000 UNITS CITIGROUP INC NOTE 5.500% 9/13/25 21,629 21,629
    277.97 UNITS FH 1761 K PAC FIX 8.500% 11/15/2024 297 297

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Name of Stock End of Year Book Value End of Year Fair Market Value
    597 UNITS AMAZON COM INC COM 1,944,387 1,944,387
    14053 UNITS APPLE COMPUTER INC COM 1,864,693 1,864,693
    6798 UNITS MICROSOFT CORP COM 1,512,011 1,512,011
    826 UNITS ALPHABET INC CL C 1,447,053 1,447,053
    6025 UNITS VISA INC COM CL A 1,317,848 1,317,848
    7079 UNITS NIKE INC CL B 1,001,466 1,001,466
    2164 UNITS MIDCAP SPDR TR UNIT SER 1 908,707 908,707
    17458 UNITS VANGUARD EMERGING MARKET EQUITY ETF 874,820 874,820
    3144 UNITS FACEBOOK INC CL A 858,815 858,815
    6342 UNITS J P MORGAN CHASE & CO COM 805,878 805,878
    3654 UNITS HONEYWELL INTL INC COM 777,206 777,206
    2196 UNITS ANTHEM, INC. COM 705,114 705,114
    1317 UNITS NVIDIA CORP COM 687,737 687,737
    3478 UNITS DISNEY WALT CO COM DISNEY 630,144 630,144
    1265 UNITS THERMO FISHER SCIENTIFIC INC COM 589,212 589,212
    8081 UNITS TJX COS INC NEW COM 551,851 551,851
    2196 UNITS BERKSHIRE HATHAWAY INC DEL CL B NEW 509,186 509,186
    3654 UNITS APTIV PLC SHS 476,080 476,080
    41868.352 UNITS DOUBLELINE FDS TR TTL RTN BD I 447,991 447,991
    4076 UNITS ABBOTT LABS COM 446,281 446,281
    1985 UNITS DANAHER CORP DEL COM 440,948 440,948
    6043 UNITS FORTIVE CORP COM 427,965 427,965
    3548 UNITS NESTLE S A SPONSORED ADR 417,954 417,954
    2776 UNITS PEPSICO INC COM 411,681 411,681
    755 UNITS ADOBE SYS INC 377,591 377,591
    1405 UNITS ACCENTURE PLC IRELAND SHS CLASS A 367,000 367,000
    7642 UNITS TRUIST FINL CORP 366,281 366,281
    5885 UNITS MONDELEZ INTL INC CL A 344,096 344,096
    4146 UNITS MERCK & CO INC 339,143 339,143
    4919 UNITS BLACKSTONE GROUP INC COM CL A 318,800 318,800
    1774 UNITS IQVIA HLDGS INC COM 317,847 317,847
    1967 UNITS JOHNSON & JOHNSON COM 309,566 309,566
    2512 EATON CORP PLC SHS 301,791 301,791
    615 UNITS ASML HOLDINGS NV N Y REGISTRY SHS 299,948 299,948
    1254 UNITS UNITED RENTALS INC 290,815 290,815
    1282 UNITS AMERICAN TOWER CORP NEW 287,758 287,758
    3759 UNITS RAYTHEON TECHNOLOGIES CORP 268,806 268,806
    1493 UNITS TEXAS INSTRS INC COM 245,046 245,046
    439 UNITS SERVICENOW INC COM 241,639 241,639
    3830 UNITS CITIGROUP INC COM NEW 236,158 236,158
    1528 UNITS AMERICAN WTR WKS CO INC NEW COM 234,502 234,502
    668 UNITS S&P GLOBAL INC. 219,591 219,591
    1511 UNITS SPDR SERIES TRUST S&P BIOTECH 212,718 212,718
    2459 UNITS CHEVRON CORP COM 207,662 207,662
    1740 UNITS ISHARES LEHMAN AGGREGATE BONDS 205,650 205,650
    1686 UNITS MARSH & MCLENNAN COS INC 197,292 197,292
    1001 UNITS CME GROUP INC 182,232 182,232
    404 UNITS BROADCOM INC 176,891 176,891
    404 UNITS INTUIT 153,459 153,459
    5270 UNITS AT&T INC COM 151,565 151,565
    1142 UNITS KEYSIGHT TECHNOLOGIES INC 150,847 150,847
    10101 UNITS KINDER MORGAN INC DEL COM 138,080 138,080
    984 UNITS PROCTER & GAMBLE CO 136,914 136,914
    1651 UNITS PHILIP MORRIS INTL INC COM 136,686 136,686
    11190.63 UNITS PIMCO FDS INCOM FD INSTL 135,518 135,518
    1036 UNITS AMPHENOL CORP NEW CL A 135,478 135,478
    2389 UNITS VALERO ENERGY CORP NEW COM 135,146 135,146
    1761 UNITS ISHARES MSCI EAFE INDEX FUND 128,482 128,482
    2196 UNITS EOG ROS INC 109,514 109,514
    2900 UNITS SPDR TR SHT TRM HGH YLD 78,155 78,155
    265 UNITS VANGUARD SHRT-TERM CORP 22,061 22,061
    406 UNITS ISHARES RUSSELL 2000 VALUE 53,490 53,490
    329 UNITS SPDR SERIES TRUST S&P BIOTECH 46,316 46,316
    98 UNITS MONOLITHIC PWR SYS INC COM 35,890 35,890
    82 UNITS MONGODB INC CL A 29,441 29,441
    129 UNITS OLD DOMINION FGHT LINES INC COM 25,178 25,178
    57 UNITS SVB FINANCIAL GROUP COM 22,106 22,106
    152 UNITS COPART INC COM 19,342 19,342
    99 UNITS HENRY JACK & ASSOC INC COM 16,037 16,037
    192 UNITS OLLIES BARGAIN OUTLT HLDGS I COM 15,700 15,700
    207 UNITS GRACO INC COM 14,976 14,976
    39 UNITS DOMINOS PIZZA INC COM 14,955 14,955
    51 UNITS WEST PHARMACEUTICAL SVSC INC COM 14,449 14,449
    54 UNITS WD-40 CO COM 14,347 14,347
    35 UNITS TELEDYNE TECHNOLOGIES INC COM 13,719 13,719
    78 UNITS BRIGHT HORIZONS FAM SOL IN D COM 13,493 13,493
    89 UNITS FIRST REP BK SAN FRANCISCO C COM 13,077 13,077
    72 UNITS RBC BEARINGS INC COM 12,891 12,891
    63 UNITS STERIS PLC SHS USD 11,941 11,941
    111 UNITS RLI CORP COM 11,560 11,560
    119 UNITS SIMPSON MANUFACTURING CO INC COM 11,120 11,120
    86 UNITS CORESITE RLTY CORP COM 10,774 10,774
    72 UNITS GUIDEWIRE SOFTWARE INC COM 9,268 9,268
    151 UNITS MONARCH CASINO & RESORT INC COM 9,244 9,244
    112 UNITS PLANET FITNESS INC CL A 8,694 8,694
    46 UNITS TOPBUILD CORP COM 8,467 8,467
    79 UNITS EAGLE MATERIALS INC COM 8,006 8,006
    51 UNITS J & J SNACK FOODS CORP COM 7,924 7,924
    44 UNITS ALEXANDRIA REAL ESTATE EQ IN COM 7,841 7,841
    222 UNITS GENTEX CORP 7,532 7,532
    172 UNITS BOOT BARN HLDGS INC COM 7,458 7,458
    258 UNITS AVANTOR INC COM 7,263 7,263
    426 UNITS GRAPHIC PACKAGING HLDG CO COM 7,216 7,216
    83 UNITS SIMON PPTY GROUP INC NEW COM 7,078 7,078
    54 UNITS ASPEN TECHNOLOGY INC COM 7,033 7,033
    65 UNITS FOX FACTORY HLDG CORP COM 6,871 6,871
    3 UNITS CABLE ONE INC COM 6,683 6,683
    130 UNITS EAST WEST BANCORP INC COM 6,592 6,592
    25 UNITS CHARLES RIV LABS INTL INC COM 6,246 6,246
    12 UNITS FAIR ISAAC & CO INC 6,132 6,132
    51 UNITS CURTISS WRIGHT CORP COM 5,934 5,934
    180 UNITS SYNOVUS FINL CORP COM NEW 5,826 5,826
    132 UNITS PORTLAND GEN ELEC CO COM NEW 5,645 5,645
    72 UNITS BANK OF HAWAII CORP 5,516 5,516
    36 UNITS SUN COMMUNITIES INC 5,470 5,470
    113 UNITS PROGRESS SOFTWARE CORP COM 5,106 5,106
    191 UNITS NIC INC COM 4,933 4,933
    54 UNITS RPM INTERNATIONAL INC (DELA) 4,902 4,902
    103 UNITS OTTER TAIL CORP COM 4,389 4,389
    13 UNITS FACTSET RESH SYS INC COM 4,322 4,322
    33 UNITS ALTERYX INC COM CL A 4,019 4,019
    81 UNITS BROWN & BROWN INC COM 3,840 3,840
    27 UNITS SIGNATURE BANK 3,653 3,653
    21 UNITS RENAISSANCERE HLDGS LTD COM 3,482 3,482
    40 UNITS MERITAGE HOMES CORP COM 3,313 3,313
    14 UNITS HELEN OF TROY CORP LTD COM 3,110 3,110
    162 UNITS PENNYMAC MTG INVT TR COM 2,849 2,849
    42 UNITS HOULIHAN LOKEY INC CL A 2,823 2,823
    192 UNITS RETAIL OPPORTUNITY INVTS COR COM 2,571 2,571
    29 UNITS OSHKOSH CORP COM 2,496 2,496
    82 UNITS ICHOR HOLDINGS SHS 2,472 2,472
    913 UNITS SHERWIN WILLIAMS CO COM 670,973 670,973
    949 UNITS LAUDER ESTEE COS INC CL A 252,614 252,614

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    US Government Securities - End of Year Book Value:

    1,075,978
    US Government Securities - End of Year Fair Market Value:

    1,075,978
    State & Local Government Securities - End of Year Book Value:


    1,553,190
    State & Local Government Securities - End of Year Fair Market Value:


    1,553,190


    TY 2020 InvestmentsOtherSchedule2
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    WTC MULTI STRATEGY OFFSHORE FMV 609,668 609,668
    GLENDOWER CAPITAL SOF IV, LP FMV 472,613 472,613

    TY 2020 OtherAssetsSchedule
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INT. AND DIV. RECEIVABLE 239,188 264 264


    TY 2020 OtherExpensesSchedule
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE EXPENSE 750 0 0 750
    MISCELLANEOUS EXPENSE 9,237 0 0 9,237


    TY 2020 OtherIncomeSchedule2
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INCOME FROM PARTNERSHIP - WTC MULTI STRATEGY FUND OFFSHORE, LLC   12,040  
    OTHER INCOME 4,259 4,259 0


    TY 2020 OtherIncreasesSchedule
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Description Amount
    UNREALIZED GAIN 2,975,464


    TY 2020 OtherLiabilitiesSchedule
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED EXCISE TAX 186,280 227,639
    FEDERAL EXISE TAX 0 1,931


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MGMT FEES 255,635 255,635 0 0
    PHILANTHROPIC SVCS FEES 237,877 0 0 237,877


    TY 2020 TaxesSchedule
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 3,730 3,730 0 0
    FEDERAL EXCISE TAX 86,115 0 0 0
    FILING FEES 85 0 0 0