TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

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

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

OMB No. 1545-0052

2020

Open to Public Inspection

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

Name of foundation
JOHN F GRUNDHOFER CHARITABLE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634

A Employer identification number

27-2440735

B Telephone number (see instructions)

(651) 466-8710

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$3,505,509J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	63,073		62,926
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,709
b	Gross sales price for all assets on line 6a 1,448,794
7	Capital gain net income (from Part IV, line 2)...			1,709
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		1,205
12	Total. Add lines 1 through 11........	65,987		64,635
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......	7,167		5,733	0	1,433
15	Pension plans, employee benefits.......	633		506	0	127
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		1,500	0	0	1,500
c	Other professional fees (attach schedule)....		43,319	38,987		4,332
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		1,121	1,092		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		2,048	275		1,773
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	55,788		46,593	0	9,165
25	Contributions, gifts, grants paid.......	667,000				667,000
26	Total expenses and disbursements. Add lines 24 and 25	722,788		46,593	0	676,165
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-656,801
b	Net investment income (if negative, enter -0-)			18,042
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	5,786	479	479
	2	Savings and temporary cash investments.........	39,297	60,686	60,686
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	3,025,632	2,514,953	3,310,034
	c	Investments—corporate bonds (attach schedule).......	285,601	126,445	128,045
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	9,315	6,265	6,265
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,365,631	2,708,828	3,505,509
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	3,365,631	2,708,828
	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).....	3,365,631	2,708,828
	30	Total liabilities and net assets/fund balances (see instructions).	3,365,631	2,708,828

Part III

Analysis of Changes in Net Assets or Fund Balances

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

3,365,631

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

-656,801

Other increases not included in line 2 (itemize) bullet

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

2,708,830

Decreases not included in line 2 (itemize) bullet

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

2,708,828

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	55. LAS VEGAS SANDS CORP		2018-10-01	2020-01-03
b	273. STANDARD & POORS DEPOSITARY RECEIPTS		2015-05-22	2020-01-07
c	1057. STANDARD & POORS DEPOSITARY RECEIPTS		2019-08-02	2020-01-07
d	7. ALPHABET INC CL A		2019-01-02	2020-01-08
e	1. AIA GROUP LTD ADR		2012-04-03	2020-01-09
	10. AIR LIQUIDE ADR		2011-10-25	2020-01-09
	12. ALFA LAVAL AB SWEDEN ADR UNSOLICITED BOU		2016-02-12	2020-01-09
	2. AMADEUS IT HOLDING UNSP A D R		2019-07-19	2020-01-09
	62. AMBEV SA SPN A D R		2018-08-20	2020-01-09
	17. ATLAS COPCO AB SPONS A D R		2019-01-03	2020-01-09
	116. BANCO BILBAO VIZCAYA - SPON ADR		2019-04-16	2020-01-09
	4. CANADIAN NATL RY CO COM		2011-10-25	2020-01-09
	11. DBS GROUP HOLDINGS LTD - SPON ADR		2018-10-08	2020-01-09
	2. DIAGEO PLC SPONSORED ADR NEW		2019-03-06	2020-01-09
	23. EPIROC AB UNSP A D R		2019-01-03	2020-01-09
	18. FANUC CORPORATION A D R		2013-08-07	2020-01-09
	2. FOMENTO ECONOMICO MEX SP A D R		2018-12-12	2020-01-09
	9. FUCHS PETROLUB SE PREF A D R		2014-03-17	2020-01-09
	8. H D F C BK LTD A D R		2017-07-05	2020-01-09
	6. HSBC HLDGS PLC SPONSORED ADR NEW		2016-12-13	2020-01-09
	36. ICICI BANK LTD A D R		2016-12-14	2020-01-09
	14. INFINEON TECHNOLOGIES A G A D R		2017-11-20	2020-01-09
	12. ITAU UNIBANCO HOLDINGS SA A D R		2013-08-07	2020-01-09
	14. KOMATSU LTD - SPON ADR		2018-11-12	2020-01-09
	9. KUBOTA LTD A D R		2019-01-22	2020-01-09
	12. LOREAL UNSPONSORED A D R		2011-10-25	2020-01-09
	3. LONZA GROUP AG UNSPON A D R		2018-05-18	2020-01-09
	11. NESTLE S A SPONSORED ADR REPSTG REG SH		2013-08-07	2020-01-09
	5. NOVOZYMES A S UNSPONS A D R		2018-03-27	2020-01-09
	9. PING AN INSURANCE ADR		2019-03-27	2020-01-09
	2. RIO TINTO PLC SPONSORED ADR		2019-04-16	2020-01-09
	4. ROYAL DUTCH SHELL A D R		2016-02-25	2020-01-09
	3. SAP AG SYSTEM ANWENDUNGEN PRODUKTE INDER DATENVERARBEITU		2017-04-07	2020-01-09
	8. SASOL LTD SPONSORED ADR		2011-10-25	2020-01-09
	8. SCHLUMBERGER LTD ORD		2013-08-07	2020-01-09
	16. SCHNEIDER ELECT SE UNSP A D R		2019-12-11	2020-01-09
	7. SGS SA A D R		2019-04-16	2020-01-09
	13. SYMRISE AG UNSPON A D R		2014-06-09	2020-01-09
	13. SYSMEX CORP UNSPON A D R		2012-05-24	2020-01-09
	4. TAIWAN SEMICONDUCTOR MFG SPON ADR		2013-08-07	2020-01-09
	4. UNILEVER PLC COM		2013-08-07	2020-01-09
	3. LINDE PLC		2018-12-12	2020-01-09
	7. CHECKPOINT SOFTWARE COM		2019-01-03	2020-01-09
	21. KANSAS CITY SOUTHERN		2019-04-30	2020-01-14
	17. KANSAS CITY SOUTHERN			2020-01-21
	138. FUCHS PETROLUB SE PREF A D R		2014-03-17	2020-01-22
	35. BIOGEN, INC			2020-01-23
	82. CIMAREX ENERGY CO			2020-01-23
	24. F M C CORPORATION		2017-04-10	2020-01-23
	159. MONDELEZ INTERNATIONAL W I		2019-02-11	2020-01-23
	102. FOX CORP CLASS A W I			2020-01-27
	27. HUMANA INC			2020-01-30
	42. UNITED PARCEL SVC INC COM			2020-01-30
	49. COMCAST CORP CL A			2020-02-04
	99. CONOCOPHILLIPS COM			2020-02-04
	49. PVH CORP			2020-02-04
	41. UNITED PARCEL SVC INC COM		2019-07-24	2020-02-04
	76. CIMAREX ENERGY CO			2020-02-18
	33. CIMAREX ENERGY CO			2020-02-18
	48. MEDTRONIC PLC		2018-08-21	2020-02-18
	89. COMCAST CORP CL A		2018-08-31	2020-02-19
	26. TRAVELERS COS INC		2019-05-24	2020-02-19
	40. C H ROBINSON WORLDWIDE INC			2020-02-21
	123. COMCAST CORP CL A			2020-02-21
	169. FOX CORP CLASS A W I			2020-02-21
	8.99946 UNITED PARCEL SVC INC COM		2018-11-08	2020-02-21
	2. UNITED PARCEL SVC INC COM		2019-07-24	2020-02-21
	20.00054 UNITED PARCEL SVC INC COM		2018-11-08	2020-02-21
	2. BOOKING HOLDINGS INC		2019-03-13	2020-02-25
	217. CVS CORP COM			2020-02-25
	15. UNITEDHEALTH GROUP INC COM		2016-03-11	2020-02-25
	3. UNITEDHEALTH GROUP INC COM		2019-04-22	2020-02-25
	186. DISCOVERY COMMUNICATIONS INC CL A		2019-11-26	2020-02-27
	155. FOX CORP CLASS A W I			2020-02-27
	298. NORTONLIFELOCK INC		2019-09-06	2020-03-04
	59. TYSON FOODS INC CL A			2020-03-04
	64. C H ROBINSON WORLDWIDE INC			2020-03-05
	81. CRH PLC ADR		2017-12-22	2020-03-06
	82. -DISCOVER FINL SVCS		2015-12-29	2020-03-06
	28. DOVER CORP		2019-02-11	2020-03-06
	77. MOSAIC CO THE		2018-11-08	2020-03-06
	99. MOSAIC CO THE		2019-08-06	2020-03-06
	183. NORTONLIFELOCK INC		2019-09-06	2020-03-06
	73. TOLL BROTHERS INC			2020-03-06
	242. BP AMOCO P L C SPONSORED ADR			2020-03-09
	168. TOTAL FINA SA SPONSORED ADR		2019-09-26	2020-03-09
	389. ING GROEP N V SPONSORED ADR			2020-03-10
	214. NOBLE ENERGY INC			2020-03-10
	131. BANK OF AMERICA CORP			2020-03-11
	53. CITIGROUP INC			2020-03-11
	50. CITIGROUP INC		2019-12-18	2020-03-11
	44. CONOCOPHILLIPS COM			2020-03-11
	37. CONOCOPHILLIPS COM		2019-11-20	2020-03-11
	49. TOTAL FINA SA SPONSORED ADR		2019-09-26	2020-03-11
	94. CITIGROUP INC			2020-03-12
	35. LAS VEGAS SANDS CORP		2019-08-20	2020-03-12
	23. LAS VEGAS SANDS CORP		2019-05-08	2020-03-12
	126. MARATHON PETROLEUM CORP			2020-03-12
	54. VALERO ENERGY CORP			2020-03-12
	30. WYNN RESORTS LTD		2020-02-27	2020-03-12
	186. ALTICE USA INC A			2020-03-16
	47. EQUITY RESIDENTIAL PPTYS TR SH BEN INT		2018-03-28	2020-03-16
	349. ING GROEP N V SPONSORED ADR		2019-10-10	2020-03-16
	86. LENNAR CORP CL A			2020-03-16
	35.0002 MICRON TECHNOLOGY INC COM		2020-01-14	2020-03-16
	107.9998 MICRON TECHNOLOGY INC COM			2020-03-16
	28. QUEST DIAGNOSTICS INC COM		2019-03-08	2020-03-16
	25. TOLL BROTHERS INC		2019-06-12	2020-03-16
	77. TOLL BROTHERS INC		2019-03-14	2020-03-16
	4.99993 WHIRLPOOL CORP COM		2020-01-28	2020-03-16
	19.00007 WHIRLPOOL CORP COM			2020-03-16
	8. BERKSHIRE HATHAWAY INC CL B		2017-11-09	2020-03-17
	12. BERKSHIRE HATHAWAY INC CL B		2019-06-27	2020-03-17
	80. LENNAR CORP CL A		2019-08-01	2020-03-17
	136. MOSAIC CO THE			2020-03-17
	321. NOBLE ENERGY INC			2020-03-17
	52. WHIRLPOOL CORP COM			2020-03-17
	2463.237 NUVEEN PREFERRED SECURITIES FUND		2011-04-18	2020-03-18
	26. QUEST DIAGNOSTICS INC COM		2019-03-08	2020-03-19
	29. UNIVERSAL HEALTH SVCS INC CL B		2019-09-06	2020-03-19
	19. QUEST DIAGNOSTICS INC COM		2019-03-08	2020-03-24
	19. UNIVERSAL HEALTH SVCS INC CL B			2020-03-24
	3. ALPHABET INC CL A		2019-03-21	2020-03-25
	42. COMCAST CORP CL A			2020-03-25
	47. EQUITY RESIDENTIAL PPTYS TR SH BEN INT		2018-03-28	2020-03-25
	35. NOVO-NORDISK A S ADR		2018-12-13	2020-03-25
	44. PROCTER & GAMBLE CO		2018-11-12	2020-03-25
	20. UNIVERSAL HEALTH SVCS INC CL B		2019-09-26	2020-03-25
	73. VERIZON COMMUNICATIONS		2019-03-22	2020-03-25
	19. AON PLC			2020-03-25
	157. BP AMOCO P L C SPONSORED ADR			2020-03-26
	6403.942 FEDERATED INST HI YLD BD FD		2017-08-04	2020-03-26
	14. PROCTER & GAMBLE CO		2018-11-12	2020-03-26
	23. ZIMMER HLDGS INC			2020-03-26
	14. MEDTRONIC PLC		2018-08-21	2020-03-26
	96. SOUTHWEST AIRLS CO COM			2020-03-27
	36. STARBUCKS CORP COM		2020-03-19	2020-03-27
	23. DENTSU INC UNSPON A D R		2019-07-19	2020-04-02
	61. DENTSU INC UNSPON A D R		2019-01-22	2020-04-02
	93. HSBC HLDGS PLC SPONSORED ADR NEW		2019-12-11	2020-04-02
	85. HSBC HLDGS PLC SPONSORED ADR NEW			2020-04-02
	10. NESTLE S A SPONSORED ADR REPSTG REG SH			2020-04-02
	10. CHECKPOINT SOFTWARE COM			2020-04-02
	41. PROCTER & GAMBLE CO		2018-11-12	2020-04-06
	63. SOUTHWEST AIRLS CO COM			2020-04-06
	19. TRAVELERS COS INC			2020-04-06
	22. ZIMMER HLDGS INC		2019-05-02	2020-04-06
	2.99995 EVEREST RE GROUP LTD		2020-02-25	2020-04-06
	10.00005 EVEREST RE GROUP LTD			2020-04-06
	25. CHUBB LTD		2019-10-04	2020-04-06
	3. AUTOZONE INC COM			2020-04-07
	47. NOVO-NORDISK A S ADR		2018-12-13	2020-04-07
	152. PROCTER & GAMBLE CO			2020-04-07
	36. UNITED PARCEL SVC INC COM			2020-04-07
	69. RAYTHEON TECHNOLOGIES CORP COM			2020-04-08
	18. AMERISOURCEBERGEN CORP COM		2020-01-24	2020-04-09
	51. EDISON INTERNATIONAL			2020-04-09
	147. GLAXO WELLCOME PLC SPONSORED ADR			2020-04-09
	19. KIMBERLY CLARK CORP		2020-03-04	2020-04-09
	25. LEIDOS HOLDINGS INC		2020-03-17	2020-04-09
	10.00006 MCKESSON HBOC INC COM		2019-10-18	2020-04-09
	7.99994 MCKESSON HBOC INC COM		2019-10-18	2020-04-09
	5. CHUGAI PHARMACEUTIC UNSP A D R		2019-03-07	2020-04-16
	80. ROCHE HLDG LTD SPONSORED ADR			2020-04-16
	78. SASOL LTD SPONSORED ADR			2020-04-16
	70. SCHLUMBERGER LTD ORD			2020-04-16
	34. SCHLUMBERGER LTD ORD		2019-07-19	2020-04-16
	8. LINDE PLC		2018-12-12	2020-04-16
	90. LAS VEGAS SANDS CORP			2020-04-20
	28. LAS VEGAS SANDS CORP			2020-04-20
	89. WELLS FARGO & CO NEW		2019-09-27	2020-04-20
	105. WELLS FARGO & CO NEW			2020-04-20
	91. WYNDHAM WORLDWIDE CORP			2020-04-27
	30. TEXTRON INC COM		2020-03-23	2020-04-30
	115. RAYTHEON TECHNOLOGIES CORP COM		2016-06-29	2020-05-01
	37. UNITED PARCEL SVC INC COM			2020-05-01
	320. COMCAST CORP CL A			2020-05-05
	402. WELLS FARGO & CO NEW			2020-05-05
	166. BARRICK GOLD CORP			2020-05-08
	1. BOOKING HOLDINGS INC		2020-03-23	2020-05-08
	13. PIONEER NAT RES CO COM W/RIGHTS ATTACHED EXP 7/31/2011		2020-03-23	2020-05-08
	62. WESTROCK CO			2020-05-08
	34. CANADIAN NATL RY CO COM		2011-10-25	2020-05-13
	36. NESTLE S A SPONSORED ADR REPSTG REG SH		2011-10-25	2020-05-13
	402. VERIZON COMMUNICATIONS		2019-03-22	2020-05-19
	33. VMWARE INC CL A			2020-05-20
	161. BARRICK GOLD CORP		2019-03-22	2020-05-27
	98. BARRICK GOLD CORP		2019-03-22	2020-06-04
	57. AMADEUS IT HOLDING UNSP A D R		2019-07-19	2020-06-08
	8. BAIDU COM INC A D R		2020-04-16	2020-06-08
	49. BAIDU COM INC A D R			2020-06-08
	44. VALERO ENERGY CORP			2020-06-11
	18. BERKSHIRE HATHAWAY INC CL B			2020-06-17
	34. MERCK AND CO INC		2020-02-04	2020-06-17
	68. CRH PLC ADR		2017-12-22	2020-06-19
	23. CELANESE CORP SER A			2020-06-19
	6. NORTHROP GRUMMAN CORP COM W/RTS ATTACHED EXP 10/31/2008		2020-03-12	2020-06-19
	14. UNION PACIFIC CORPORATION			2020-06-19
	35. BARRICK GOLD CORP		2019-06-18	2020-06-23
	27. MAGNA INTL INC CL A		2020-03-25	2020-06-23
	36. REINSURANCE GROUP AMERICA			2020-06-23
	13. WILLIAMS SONOMA INC		2020-04-09	2020-06-23
	342. BANK OF AMERICA CORP			2020-06-26
	50. BANK OF AMERICA CORP		2019-07-24	2020-06-26
	15. BERKSHIRE HATHAWAY INC CL B		2015-12-29	2020-06-26
	75. GOLDMAN SACHS GROUP INC			2020-06-26
	1.99982 J P MORGAN CHASE & CO		2019-07-24	2020-06-26
	53.00018 J P MORGAN CHASE & CO			2020-06-26
	50000. ARCHER DANIELS 4.479% 3/01/21		2019-10-30	2020-06-30
	.6667 SONOVA HOLDING UNSPON ADR		2011-10-25	2020-07-09
	24. VALERO ENERGY CORP		2019-08-01	2020-07-09
	12. VALERO ENERGY CORP		2019-04-25	2020-07-09
	29. REINSURANCE GROUP AMERICA			2020-07-10
	107. FOOT LOCKER INC			2020-07-13
	498. KEYCORP NEW COM			2020-07-21
	1. ALPHABET INC CL A		2019-03-21	2020-07-24
	10. FACEBOOK INC A		2020-05-05	2020-07-24
	16. KLA-TENCOR CORP COM			2020-07-24
	19. QORVO INC		2020-02-27	2020-07-24
	56. WESTERN DIGITAL CORP COM			2020-07-24
	19. NXP SEMICONDUCTORS NV		2019-05-21	2020-07-24
	183. BARRICK GOLD CORP		2019-06-18	2020-07-29
	55. TAIWAN SEMICONDUCTOR MFG SPON ADR			2020-07-29
	34. TAIWAN SEMICONDUCTOR MFG SPON ADR		2012-08-01	2020-08-05
	291. CORTEVA INC			2020-08-06
	51. RALPH LAUREN CORP			2020-08-06
	36. TRAVELERS COS INC		2019-05-13	2020-08-06
	114. TOTAL FINA SA SPONSORED ADR		2019-09-26	2020-08-17
	42. ROBERT HALF INTL INC			2020-08-25
	29. BARRICK GOLD CORP			2020-08-28
	10. BERKSHIRE HATHAWAY INC CL B		2015-12-29	2020-09-02
	14. HUNTINGTON INGALLS INDUSTRIE		2020-01-03	2020-09-02
	55. WESTERN DIGITAL CORP COM			2020-09-02
	17. KANSAS CITY SOUTHERN		2019-03-08	2020-09-03
	10. FACEBOOK INC A			2020-09-04
	31. MICROSOFT CORP		2015-10-09	2020-09-08
	294. STANDARD & POORS DEPOSITARY RECEIPTS		2019-08-02	2020-09-09
	47. WESTERN DIGITAL CORP COM			2020-09-11
	3. ALPHABET INC CL A		2019-02-05	2020-09-17
	130. BARRICK GOLD CORP			2020-09-17
	13. KANSAS CITY SOUTHERN		2019-03-08	2020-09-17
	84. INFINEON TECHNOLOGIES A G A D R			2020-09-22
	129. ROYAL DUTCH SHELL PLC A D R			2020-09-25
	184. CARRIER GLOBAL CORPORATION COM			2020-09-28
	62. BARRICK GOLD CORP		2019-05-01	2020-09-30
	28. KANSAS CITY SOUTHERN		2019-03-08	2020-10-02
	53. MICRON TECHNOLOGY INC COM			2020-10-05
	68. BARRICK GOLD CORP		2019-05-01	2020-10-08
	23. MERCK AND CO INC		2020-02-04	2020-10-08
	47. YANDEX NV		2018-10-25	2020-10-12
	11. KIMBERLY CLARK CORP		2020-03-04	2020-10-14
	116. VALERO ENERGY CORP			2020-10-15
	16. KIMBERLY CLARK CORP		2020-03-04	2020-10-28
	37. MARSH & MCLENNAN COS INC COM		2020-03-12	2020-10-29
	49. MERCK AND CO INC			2020-10-29
	40. KIMBERLY CLARK CORP			2020-11-03
	34. ZIMMER HLDGS INC		2019-05-02	2020-11-06
	38. BARRICK GOLD CORP		2019-05-01	2020-11-09
	174. BARRICK GOLD CORP			2020-11-09
	7. AMETEK INC		2020-03-19	2020-11-10
	5. CUMMINS INC COM		2020-02-21	2020-11-10
	16. DOVER CORP			2020-11-10
	21. FACEBOOK INC A			2020-11-10
	15. MICROSOFT CORP		2020-03-13	2020-11-10
	15. MICROSOFT CORP		2015-10-09	2020-11-10
	12. EATON CORP PLC		2019-03-04	2020-11-10
	104. BARRICK GOLD CORP		2020-01-03	2020-11-16
	1. KLA-TENCOR CORP COM		2019-08-01	2020-11-16
	65. MERCK AND CO INC			2020-11-16
	17. TJX COS INC NEW COM		2020-05-05	2020-11-16
	200. YAMANA GOLD INC			2020-11-16
	181. MYLAN NV		2020-11-11	2020-11-17
	19. LOWE'S COS INC		2020-05-05	2020-11-18
	189. FIRST ENERGY CORP		2020-07-23	2020-11-20
	1. PFIZER INC		1911-11-11	2020-11-20
	80. KROGER CO COM			2020-11-25
	.2496 VIATRIS INC		2019-11-26	2020-11-30
	31. AMETEK INC		2020-03-19	2020-12-02
	38. EATON CORP PLC			2020-12-02
	45. BEST BUY INC COM			2020-12-04
	14. INFINEON TECHNOLOGIES A G A D R		2017-06-02	2020-12-07
	103. J P MORGAN CHASE & CO			2020-12-09
	129. PFIZER INC			2020-12-10
	43. PFIZER INC		2016-12-19	2020-12-16
	57. PFIZER INC		2020-01-23	2020-12-16
	104. CHINA MOBILE LIMITED A D R		2019-03-27	2020-12-21
	13. AMERICAN INTERNATIONAL GROUP		2020-02-19	2020-12-23
	49. AMERICAN INTERNATIONAL GROUP			2020-12-23
	35. PROGRESSIVE CORP OHIO COM		2020-01-30	2020-12-23
	66. TAPESTRY INC		2020-10-29	2020-12-28
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	3,824	3,288	536
b	88,248	58,269	29,979
c	341,679	308,772	32,907
d	9,800	7,406	2,394
e	44	15	29
	278	175	103
	301	188	113
	165	162	3
	280	305	-25
	683	391	292
	646	734	-88
	368	149	219
	843	811	32
	339	315	24
	279	216	63
	332	283	49
	194	170	24
	112	114	-2
	498	352	146
	230	253	-23
	543	256	287
	335	404	-69
	102	73	29
	331	380	-49
	700	707	-7
	699	264	435
	108	80	28
	1,165	776	389
	234	260	-26
	218	197	21
	117	121	-4
	243	179	64
	411	293	118
	170	373	-203
	319	649	-330
	324	322	2
	187	183	4
	331	178	153
	436	124	312
	236	65	171
	224	161	63
	625	485	140
	777	719	58
	3,349	2,595	754
	2,813	2,050	763
	1,602	1,751	-149
	9,933	8,206	1,727
	3,907	4,507	-600
	2,310	1,557	753
	8,831	7,527	1,304
	3,718	3,905	-187
	9,214	7,943	1,271
	4,531	4,822	-291
	2,144	1,837	307
	5,760	6,013	-253
	4,331	4,795	-464
	4,232	4,687	-455
	2,934	7,068	-4,134
	1,274	1,502	-228
	5,419	4,595	824
	4,093	3,282	811
	3,508	3,822	-314
	3,003	3,402	-399
	5,643	4,432	1,211
	6,119	6,316	-197
	932	1,002	-70
	207	229	-22
	2,072	2,227	-155
	3,533	3,508	25
	14,318	17,109	-2,791
	4,102	1,878	2,224
	820	677	143
	4,574	6,190	-1,616
	4,951	5,368	-417
	5,863	7,401	-1,538
	4,075	3,140	935
	4,277	5,219	-942
	2,733	2,885	-152
	5,040	4,497	543
	2,795	2,443	352
	1,090	2,865	-1,775
	1,402	2,161	-759
	3,353	4,545	-1,192
	2,634	3,021	-387
	6,142	9,093	-2,951
	6,085	8,670	-2,585
	2,910	4,359	-1,449
	1,884	6,801	-4,917
	2,976	4,388	-1,412
	2,720	2,015	705
	2,566	3,916	-1,350
	1,451	2,511	-1,060
	1,220	2,195	-975
	1,725	2,529	-804
	4,215	2,872	1,343
	1,528	1,931	-403
	1,004	1,496	-492
	2,960	8,139	-5,179
	2,493	5,353	-2,860
	2,109	3,423	-1,314
	3,284	4,372	-1,088
	3,092	2,885	207
	1,733	3,584	-1,851
	3,237	4,748	-1,511
	1,273	2,004	-731
	3,928	5,432	-1,504
	2,453	2,358	95
	516	930	-414
	1,589	2,794	-1,205
	485	788	-303
	1,845	2,941	-1,096
	1,445	1,469	-24
	2,167	2,542	-375
	2,691	3,877	-1,186
	1,278	4,790	-3,512
	1,360	7,997	-6,637
	5,018	8,727	-3,709
	32,835	41,703	-8,868
	2,119	2,190	-71
	2,147	4,304	-2,157
	1,442	1,600	-158
	1,441	2,815	-1,374
	3,401	3,680	-279
	1,423	1,638	-215
	2,421	2,885	-464
	1,824	1,637	187
	4,558	4,108	450
	1,606	2,936	-1,330
	3,648	4,374	-726
	3,165	3,111	54
	3,793	5,678	-1,885
	53,473	65,000	-11,527
	1,466	1,307	159
	2,269	3,099	-830
	1,261	1,340	-79
	3,594	5,673	-2,079
	2,402	2,217	185
	404	786	-382
	1,071	2,968	-1,897
	2,277	3,445	-1,168
	2,081	3,578	-1,497
	1,039	606	433
	982	1,001	-19
	4,774	3,828	946
	1,909	3,677	-1,768
	1,846	2,762	-916
	2,108	2,690	-582
	560	848	-288
	1,868	2,634	-766
	2,692	4,010	-1,318
	2,698	3,441	-743
	2,773	2,198	575
	17,441	14,174	3,267
	3,385	3,989	-604
	4,368	4,898	-530
	1,579	1,600	-21
	3,070	3,665	-595
	5,691	6,849	-1,158
	2,554	2,775	-221
	2,378	2,070	308
	1,319	1,507	-188
	1,055	1,206	-151
	1,278	698	580
	3,307	2,598	709
	240	3,030	-2,790
	983	5,035	-4,052
	477	1,316	-839
	1,438	1,293	145
	4,074	5,134	-1,060
	1,268	1,850	-582
	2,441	4,533	-2,092
	2,880	5,783	-2,903
	2,121	4,358	-2,237
	784	654	130
	6,949	6,574	375
	3,415	3,850	-435
	11,600	9,552	2,048
	10,782	21,732	-10,950
	4,525	2,257	2,268
	1,422	1,148	274
	1,152	755	397
	1,670	1,660	10
	2,736	1,266	1,470
	3,903	2,093	1,810
	21,894	24,089	-2,195
	4,550	3,912	638
	3,791	2,188	1,603
	2,299	1,332	967
	3,449	4,628	-1,179
	939	814	125
	5,754	6,944	-1,190
	2,765	3,947	-1,182
	3,265	2,958	307
	2,595	3,021	-426
	2,363	2,422	-59
	1,967	1,590	377
	1,881	1,757	124
	2,336	2,151	185
	896	503	393
	1,187	855	332
	2,910	3,723	-813
	1,113	675	438
	7,923	8,051	-128
	1,158	1,521	-363
	2,631	2,011	620
	14,280	13,018	1,262
	185	233	-48
	4,909	6,327	-1,418
	51,388	51,253	135
	27	14	13
	1,208	2,065	-857
	604	1,092	-488
	2,041	2,487	-446
	3,004	4,255	-1,251
	5,742	5,391	351
	1,491	1,227	264
	2,288	2,100	188
	3,088	2,109	979
	2,187	1,804	383
	2,476	3,915	-1,439
	2,232	1,805	427
	5,293	2,631	2,662
	4,327	1,657	2,670
	2,787	469	2,318
	7,573	7,809	-236
	3,341	3,471	-130
	4,092	5,166	-1,074
	4,462	5,883	-1,421
	2,321	1,496	825
	844	397	447
	2,219	1,341	878
	2,107	3,651	-1,544
	2,139	3,782	-1,643
	3,191	1,882	1,309
	2,748	1,674	1,074
	6,394	1,464	4,930
	100,418	85,884	14,534
	1,746	3,225	-1,479
	4,419	3,416	1,003
	3,741	1,765	1,976
	2,388	1,439	949
	2,290	1,980	310
	3,308	4,348	-1,040
	5,608	3,439	2,169
	1,752	773	979
	5,101	3,099	2,002
	2,494	3,283	-789
	1,840	848	992
	1,862	2,044	-182
	2,889	1,268	1,621
	1,671	1,606	65
	4,648	10,422	-5,774
	2,131	2,337	-206
	3,824	3,573	251
	3,736	4,297	-561
	5,396	5,827	-431
	4,665	4,157	508
	993	474	519
	4,548	3,558	990
	815	446	369
	1,164	831	333
	1,922	1,318	604
	5,693	3,401	2,292
	3,182	2,201	981
	3,182	708	2,474
	1,367	941	426
	2,681	1,943	738
	239	142	97
	5,251	5,422	-171
	1,020	827	193
	1,096	1,003	93
	2,852	2,849	3
	2,845	2,121	724
	5,167	5,190	-23
	123		123
	2,571	2,892	-321
	4	4
	3,576	1,974	1,602
	4,519	2,964	1,555
	4,726	3,284	1,442
	510	321	189
	12,475	12,208	267
	5,397	4,154	1,243
	1,629	1,340	289
	2,160	2,177	-17
	2,917	5,357	-2,440
	488	645	-157
	1,839	3,125	-1,286
	3,419	2,855	564
	2,039	1,517	522
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815
			2,815

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			536
b			29,979
c			32,907
d			2,394
e			29
			103
			113
			3
			-25
			292
			-88
			219
			32
			24
			63
			49
			24
			-2
			146
			-23
			287
			-69
			29
			-49
			-7
			435
			28
			389
			-26
			21
			-4
			64
			118
			-203
			-330
			2
			4
			153
			312
			171
			63
			140
			58
			754
			763
			-149
			1,727
			-600
			753
			1,304
			-187
			1,271
			-291
			307
			-253
			-464
			-455
			-4,134
			-228
			824
			811
			-314
			-399
			1,211
			-197
			-70
			-22
			-155
			25
			-2,791
			2,224
			143
			-1,616
			-417
			-1,538
			935
			-942
			-152
			543
			352
			-1,775
			-759
			-1,192
			-387
			-2,951
			-2,585
			-1,449
			-4,917
			-1,412
			705
			-1,350
			-1,060
			-975
			-804
			1,343
			-403
			-492
			-5,179
			-2,860
			-1,314
			-1,088
			207
			-1,851
			-1,511
			-731
			-1,504
			95
			-414
			-1,205
			-303
			-1,096
			-24
			-375
			-1,186
			-3,512
			-6,637
			-3,709
			-8,868
			-71
			-2,157
			-158
			-1,374
			-279
			-215
			-464
			187
			450
			-1,330
			-726
			54
			-1,885
			-11,527
			159
			-830
			-79
			-2,079
			185
			-382
			-1,897
			-1,168
			-1,497
			433
			-19
			946
			-1,768
			-916
			-582
			-288
			-766
			-1,318
			-743
			575
			3,267
			-604
			-530
			-21
			-595
			-1,158
			-221
			308
			-188
			-151
			580
			709
			-2,790
			-4,052
			-839
			145
			-1,060
			-582
			-2,092
			-2,903
			-2,237
			130
			375
			-435
			2,048
			-10,950
			2,268
			274
			397
			10
			1,470
			1,810
			-2,195
			638
			1,603
			967
			-1,179
			125
			-1,190
			-1,182
			307
			-426
			-59
			377
			124
			185
			393
			332
			-813
			438
			-128
			-363
			620
			1,262
			-48
			-1,418
			135
			13
			-857
			-488
			-446
			-1,251
			351
			264
			188
			979
			383
			-1,439
			427
			2,662
			2,670
			2,318
			-236
			-130
			-1,074
			-1,421
			825
			447
			878
			-1,544
			-1,643
			1,309
			1,074
			4,930
			14,534
			-1,479
			1,003
			1,976
			949
			310
			-1,040
			2,169
			979
			2,002
			-789
			992
			-182
			1,621
			65
			-5,774
			-206
			251
			-561
			-431
			508
			519
			990
			369
			333
			604
			2,292
			981
			2,474
			426
			738
			97
			-171
			193
			93
			3
			724
			-23
			123
			-321

			1,602
			1,555
			1,442
			189
			267
			1,243
			289
			-17
			-2,440
			-157
			-1,286
			564
			522

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,709
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

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

1 Reserved

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

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

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

Form 990-PF (2020)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	251
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	251
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	251
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	11,132
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	11,132
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	10,881
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax252	Refunded	11	10,629

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

The books are in care of bullet

U S BANK NATIONAL ASSOCIATION Telephone no. bullet

(612) 303-9814

Located at bullet

101 EAST FIFTH STREET - 14TH FLOORST PAULMN ZIP+4 bullet

55101

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
JOHN F GRUNDHOFER	PRESIDENT/TRUSTEE 8	0
200 SOUTH 6TH STREET - STE 1160 MINNEAPOLIS,MN55402	PRESIDENT/TRUSTEE 8	0
PATRICIA MEIER GRUNDHOFER	EXECUTIVE DIRECTOR 8	0
200 SOUTH 6TH STREET - STE 1160 MINNEAPOLIS,MN55402	EXECUTIVE DIRECTOR 8	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2020)

Page 7

Part VIII

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

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2020)

Page 8

Part X

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

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

purposes:

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

3,039,370

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

141,960

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

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

3,181,330

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

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

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

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

3,181,330

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

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

47,720

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

3,133,610

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

156,681

Part XI

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

and do not complete this part.)

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

156,681

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

251

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

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

251

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

156,430

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

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

156,430

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

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

156,430

Part XII

Qualifying Distributions (see instructions)

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

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

676,165

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

676,165

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

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

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

676,165

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

Form 990-PF (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					156,430
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	333,602
b From 2016......	357,136
c From 2017......	292,887
d From 2018......	529,864
e From 2019......	671,142
fTotal of lines 3a through e........		2,184,631
4Qualifying distributions for 2020 from Part
XII, line 4: $ 676,165
a Applied to 2019, but not more than line 2a				0
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.....					156,430
e Remaining amount distributed out of corpus		519,735
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		2,704,366
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 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		333,602
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		2,370,764
10 Analysis of line 9:
a Excess from 2016....	357,136
b Excess from 2017....	292,887
c Excess from 2018....	529,864
d Excess from 2019....	671,142
e Excess from 2020....	519,735

Form 990-PF (2020)

Page 10

Part XIV

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

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

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2020)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BILLINGS CLINIC FOUNDATION 2917 10TH AVE N BILLINGS,MT591010721	NONE	PC	GENERAL OPERATING	20,000
DESERT COMMUNITY FOUNDATION 75105 MERLE DR STE 300 PALM DESERT,CA922115211	NONE	PC	GENERAL OPERATING	1,000
ANIMAL SAMARITANS P O BOX 513 THOUSAND ISLANDS,CA92276	NONE	PC	GENERAL OPERATING	15,000
AFP CA DESERT COMMUNITIES CHAPTER PO BOX 2213 PALM DESERT,CA92261	NONE	PC	GENERAL OPERATING	15,000
COYOTE STAGEWORKS INC PO BOX 5401 PALM SPRINGS,CA92263	NONE	PC	GENERAL OPERATING	25,000
EISENHOWER HEALTH FOUNDATION 39000 BOB HOPE DRIVE RANCHO MIRAGE,CA92270	NONE	PC	GENERAL OPERATING	5,000
RONALD MCDONALD HOUSE CHARITIES 11365 ANDERSON ST LOMA LINDA,CA92354	NONE	PC	GENERAL OPERATING	16,000
TOOLS FOR TOMORROW 42600 COOK ST STE 132 PALM DESERT,CA92211	NONE	PC	GENERAL OPERATING	2,500
WADENA COUNTY HUMANE SOCIETY 817 2ND STREET SW WADENA,MN56482	NONE	PC	GENERAL OPERATING	5,100
COACHELLA VALLEY SYMPHONY 72304 MERRY VALE WAY PALM DESERT,CA92270	NONE	PC	GENERAL OPERATING	5,000
MIZELL SENIOR CENTER OF PALM SPRINGS 480 SOUTH SUNRISE WAY PALM SPRINGS,CA92262	NONE	PC	GENERAL PURPOSE	33,600
PALM SPRINGS ART MUSEUM PO BOX 2310 PALM SPRINGS,CA922635069	NONE	PC	GENERAL PURPOSE	125,000
THE JOSLYN CENTER 73-750 CATALINA WAY PALM DESERT,CA92260	NONE	PC	GENERAL OPERATING	25,000
UNITED WAY OF THE DESERT PO BOX 13210 PALM DESERT,CA92255	NONE	PC	GENERAL PURPOSE	10,000
THE VIRGINIA WARING INTERNATIONAL 73-710 FRED WARING DR STE 201 PALM DESERT,CA92260	NONE	PC	GENERAL OPERATING	15,100
CASAGAL OF PARK AND SWEET GRASS PO BOX 1827 LIVINGSTON,MT59047	NONE	PC	GENERAL OPERATING	5,000
THE GIRLFRIEND FACTOR 77-734 COUNTRY CLUB DR STE E PALM DESERT,CA92211	NONE	PC	GENERAL OPERATING	5,500
HORATIO ALGER ASSOCIATION 99 CANAL CENTER PLAZA ALEXANDRIA,VA22314	NONE	PC	GENERAL OPERATING	10,000
LIVINGSTON CENTER FOR ARTS & CULTUR 119 SOUTH MAIN ST LIVINGSTON,MT59047	NONE	PC	GENERAL OPERATING	100
THE LIVING DESERT 47900 PORTOLA AVE PALM DESERT,CA92260	NONE	PC	GENERAL OPERATING	306,100
BARBARA SINATRA CHILDRENS CENTER 39000 BOB HOPE DRIVE RANCHO MIRAGE,CA92270	NONE	PC	GENERAL OPERATING	2,000
COACHELLA VALLEY RESCUE MISION P O BOX 10660 INDIO,CA92202	NONE	PC	GENERAL OPERATING	20,000
Total ................................. 3a				667,000

bApproved for future payment

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

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	63,073
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	1,709
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFEDERAL TAX REFUND			1	1,205
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				65,987

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

65,987

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2020)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
670700400 NUVEEN PREFERRED SEC
31420B300 FEDERATED INST HI YL
24424CBT7 JOHN DEERE CAP MTN	25,366	25,748
097023CL7 BOEING CO	50,135	50,459
94974BFC9 WELLS FARGO MTN	50,944	51,838
039483BB7 ARCHER DANIELS

Name of Stock	End of Year Book Value	End of Year Fair Market Value
G29183103 EATON CORP PLC	10,464	16,940
29476L107 EQUITY RESIDENTIAL
54338V101 LONZA GROUP AG UNSPO	4,218	10,125
806857108 SCHLUMBERGER LTD	5,282	6,134
771195104 ROCHE HOLDINGS LTD S	5,074	10,215
87184P109 SYSMEX CORP UNSPON A	1,073	6,737
68389X105 ORACLE CORPORATION	7,983	13,908
12626K203 CRH PLC ADR	5,679	7,111
N97284108 YANDEX NV	1,348	3,479
77957Y106 T ROWE PRICE MID CAP	22,569	33,710
907818108 UNION PACIFIC CORP	6,197	8,745
136375102 CANADIAN NATL RY CO	1,303	3,845
23304Y100 DBS GROUP HLDGS LTD	6,389	10,647
015393101 ALFA LAVAL AB SWEDEN	2,380	4,122
056752108 BAIDU COM INC A D R
844741108 SOUTHWEST AIRLINES C
902494103 TYSON FOODS INC CL A
670100205 NOVO NORDISK AS A D
742718109 PROCTER GAMBLE CO
G3223R108 EVEREST RE GROUP LTD	11,291	11,236
517834107 LAS VEGAS SANDS CORP	8,161	9,178
61945C103 MOSAIC CO THE
717081103 PFIZER INC	14,013	16,565
00687A107 ADIDAS AG A D R	4,104	6,588
237545108 DASSAULT SYSTEMES SA	5,790	12,220
874039100 TAIWAN SEMICONDUCTOR	2,103	18,428
05946K101 BANCO BILBAO VIZCAYA	8,867	6,007
45662N103 INFINEON TECHNOLOGIE	9,083	18,658
260003108 DOVER CORP	5,328	8,838
767204100 RIO TINTO PLC A D R	5,625	7,973
026874784 AMERICAN INTERNATION	21,288	15,750
036752103 ANTHEM INC	21,037	23,761
690742101 OWENS CORNING INC	9,932	12,500
56585A102 MARATHON PETROLEUM C	18,060	14,807
670108109 NOVOZYMES A S UNSPON	2,861	3,139
281020107 EDISON INTL	12,334	12,187
125523100 CIGNA CORP	22,888	30,602
889478103 TOLL BROTHERS INC
963320106 WHIRLPOOL CORP
G5960L103 MEDTRONIC PLC	15,177	18,860
609207105 MONDELEZ INTERNATION
641069406 NESTLE SA SPONSORED	4,361	8,835
M22465104 CHECK POINT SOFTWARE	5,524	9,304
465562106 ITAU UNIBANCO HOLDIN	6,470	7,156
500458401 KOMATSU LTD A D R	4,756	5,979
404280406 HSBC HOLDINGS PLC SP
018805101 ALLIANZ SE A D R
40415F101 H D F C BK LTD A D R	2,548	4,191
83569C102 SONOVA HOLDING UNSPO	2,057	5,253
001317205 AIA GROUP LTD ADR	5,250	15,132
780259107 ROYAL DUTCH SHELL A	4,774	4,033
302491303 F M C CORPORATION	5,645	7,241
949746101 WELLS FARGO CO
060505104 BANK OF AMERICA CORP	12,347	30,401
911312106 UNITED PARCEL SERVIC
20825C104 CONOCOPHILLIPS	21,120	20,555
655044105 NOBLE ENERGY INC
126650100 CVS HEALTH CORPORATI	8,863	9,016
594918104 MICROSOFT CORP
46625H100 J P MORGAN CHASE CO	32,022	38,502
20030N101 COMCAST CORP CL A
344419106 FOMENTO ECONOMICO ME	6,274	5,607
502117203 LOREAL UNSPONSORED A	3,328	11,499
45104G104 ICICI BANK LTD A D R	2,530	5,290
913017109 UNITED TECHNOLOGIES
58155Q103 MCKESSON CORPORATION	13,144	14,261
98310W108 WYNDHAM WORLDWIDE CO
G0408V102 AON PLC
254709108 DISCOVER FINL SVCS
084670702 BERKSHIRE HATHAWAY I	23,732	41,041
171798101 CIMAREX ENERGY CO
G5494J103 LINDE PLC	3,555	5,797
91324P102 UNITED HEALTH GROUP	10,711	16,833
009126202 AIR LIQUIDE S A A D	1,991	3,749
049255706 ATLAS COPCO AB SPONS	5,225	12,055
02319V103 AMBEV SA SPN A D R	5,724	4,357
87155N109 SYMRISE AG UNSPON A	2,575	6,254
307305102 FANUC CORPORATION A	2,099	3,555
35952Q106 FUCHS PETROLUB SE PR	1,468	1,978
92343V104 VERIZON COMMUNICATIO
172967424 CITIGROUP INC	12,103	18,991
78462F103 SPDR S P 500 ETF	1,158,261	1,482,434
779556109 ROWE T PRICE MID-CAP	31,542	40,758
H1467J104 CHUBB LTD	19,553	23,704
803054204 SAP SE SPONSORED A D	7,105	12,778
803866300 SASOL LTD SPONSORED
501173207 KUBOTA LTD A D R	4,315	6,289
904767704 UNILEVER PLC SPSD AD	4,103	6,277
74834L100 QUEST DIAGNOSTICS IN
98956P102 ZIMMER BIOMET HOLDIN
89832Q109 TRUIST FINL CORP	18,716	22,335
526057104 LENNAR CORP CL A	7,393	9,529
067901108 BARRICK GOLD CORP
482480100 KLA TENCOR CORPORATI	5,896	11,392
512807108 LAM RESEARCH CORP	12,095	23,614
668771108 NORTONLIFELOCK INC
02156K103 ALTICE USA INC A
29429L105 EPIROC AB UNSP A D R	2,906	5,472
89417E109 TRAVELERS COS INC
35137L105 FOX CORP CLASS A W I
25470F104 DISCOVERY COMMUNICAT
171269103 CHUGAI PHARMACEUTIC	4,046	9,257
80687P106 SCHNEIDER ELECT SE U	6,087	9,206
02263T104 AMADEUS IT HOLDING U
37733W105 GLAXO SMITHKLINE P L	9,569	7,838
91913Y100 VALERO ENERGY CORP
26614N102 DUPONT DE NEMOURS IN	22,211	20,551
72341E304 PING AN INSURANCE AD	5,181	5,807
456837103 I N G GROEP NV SPONS
02079K305 ALPHABET INC CL A	15,243	21,032
053332102 AUTOZONE INC COM W/R	19,055	21,338
249034109 DENTSU INC UNSPON A
444859102 HUMANA INC
086516101 BEST BUY CO INC	7,242	10,977
22052L104 CORTEVA INC
09062X103 BIOGEN, INC
693656100 PVH CORP
88032Q109 TENCENT HLDGS LTD A	5,933	9,130
90460M204 UNI CHARM CORPORATIO	6,316	8,727
69343P105 LUKOIL PJSC SPON A D	5,046	3,897
N6596X109 NXP SEMICONDUCTORS N	8,766	15,265
00170K372 AMG TRILOGY EMERGING	145,000	187,932
16941M109 CHINA MOBILE LIMITED
595112103 MICRON TECHNOLOGY IN	11,296	17,968
89151E109 TOTAL SA SPON A D R
913903100 UNIVERSAL HEALTH SVC
608190104 MOHAWK INDS INC CO	11,760	12,686
485170302 KANSAS CITY SOUTHERN
09857L108 BOOKING HOLDINGS INC
12541W209 C H ROBINSON WORLDWI
25243Q205 DIAGEO PLC SPONSORED	5,521	5,558
818800104 SGS SA A D R	3,079	3,541
96145D105 WESTROCK CO	4,572	5,354
018820100 ALLIANZ SE UNSP A D	4,868	10,378
38141G104 GOLDMAN SACHS GROUP	10,840	11,603
01973R101 ALLISON TRANSMISSION	3,888	4,399
136385101 CANADIAN NATURAL RES	4,802	6,421
15189T107 CENTERPOINT ENERGY I	7,809	8,851
H01301128 ALCON INC	4,583	4,817
05352A100 AVANTOR INC	5,857	9,712
98311A105 WYNDAM HOTELS RESORT	5,228	6,241
231021106 CUMMINS INC	6,149	8,403
824667109 SHIONOGI CO LTD UNSP	3,383	3,151
872540109 TJX COMPANIES INC	6,105	8,878
446413106 HUNTINGTON INGALLS I	5,357	4,092
00287Y109 ABBVIE INC	8,884	9,429
478160104 JOHNSON JOHNSON	35,403	40,289
443201108 HOWMET AEROSPACE INC	7,205	11,302
149123101 CATERPILLAR INC	9,905	15,108
858119100 STEEL DYNAMICS INC	7,538	8,406
369550108 GENERAL DYNAMICS COR	5,916	5,804
00783V104 ADYEN NV UNSPON A D	9,091	18,746
701877102 PARSLEY ENERGY INC-C	7,558	9,116
501044101 KROGER CO	11,498	11,275
316773100 FIFTH THIRD BANCORP	5,409	8,023
666807102 NORTHROP GRUMMAN COR	4,978	5,180
03073E105 AMERISOURCEBERGEN CO	10,759	12,024
001055102 AFLAC INC	7,618	9,205
872590104 T -MOBILE US INC	14,441	17,935
N00985106 AERCAP HOLDINGS NV	3,025	3,282
412822108 HARLEY DAVIDSON INC	8,032	10,606
17275R102 CISCO SYSTEMS INC	27,519	28,282
66987V109 NOVARTIS AG A D R	17,915	20,208
693506107 P P G INDS INC	3,545	5,769
71654V408 PETROLEO BRASILEIRO	5,326	6,884
548661107 LOWES CO INC	4,688	6,741
682189105 ON SEMICONDUCTOR COR	2,433	5,891
65479L108 NITORI HLDGS CO LTD	2,791	4,533
G25839104 COCA COLA EUROREAN P	9,786	12,308
68902V107 OTIS WORLDWIDE CORP	5,156	6,215
74736K101 QORVO INC	4,590	8,480
571748102 MARSH MCLENNAN COS I	3,951	4,797
92840M102 VISTRA ENERGY CORP	11,219	10,263
876030107 TAPESTRY INC	5,787	12,090
743315103 PROGRESSIVE CORP	13,857	17,798
097023105 BOEING CO	13,145	14,128
031162100 AMGEN INC	5,963	5,978
911363109 UNITED RENTALS INC C	4,426	9,044
446150104 HUNTINGTON BANCSHARE	8,964	11,178
651639106 NEWMONT MINING CORP	4,905	6,348
969904101 WILLIAMS SONOMA INC	2,064	4,685
01609W102 ALIBABA GROUP HOLDIN	3,835	4,422
808513105 SCHWAB CHARLES CORP	8,576	12,942
78467J100 SS&C TECHNOLOGIES HO	7,383	10,331
038222105 APPLIED MATERIALS IN	10,323	18,296
501889208 LKQ CORP	7,646	8,669
521865204 LEAR CORP	2,733	4,930
98462Y100 YAMANA GOLD INC	4,636	6,989
496902404 KINROSS GOLD CORP	3,507	3,751
244199105 DEERE CO.	13,546	21,524
92556V106 VIATRIS INC	4,040	4,966
G7496G103 RENAISSANCE RE HOLDI	5,107	4,643
770323103 ROBERT HALF INTL INC	3,557	3,749

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ACCRUED INCOME		0	0
000000000 MISCELLANEOUS ENTRY	9,315	6,265	6,265

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
ADR FEES	275	275	0
CELL PHONE/INTERNET	228	0	228
PAYROLL SERVICE FEES	1,545	0	1,545