TY 2020 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

Do not enter social security numbers on this form as it may be made public.
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Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 07-01-2020 , and ending 06-30-2021

Name of foundation
FRANK E PAYNE & SEBA B PAYNE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)110 N WACKER DRIVE IL4-110-07-03
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL606061511

A Employer identification number

23-7435471

B Telephone number (see instructions)

(866) 752-2127

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

$207,757,787J 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...	3,731,802		3,707,750
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		8,065,864
b	Gross sales price for all assets on line 6a 27,004,057
7	Capital gain net income (from Part IV, line 2)...			8,065,864
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).......		90,944
12	Total. Add lines 1 through 11........	11,888,610		11,773,614
13	Compensation of officers, directors, trustees, etc.	615,255		369,153		246,102
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........		3,431	0	0	3,431
b	Accounting fees (attach schedule).......		3,750	2,250	0	1,500
c	Other professional fees (attach schedule)....		374,135	207,817		166,318
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		147,626	22,188		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).......		62,325			62,325
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,206,522		601,408	0	479,676
25	Contributions, gifts, grants paid.......	7,270,000				7,270,000
26	Total expenses and disbursements. Add lines 24 and 25	8,476,522		601,408	0	7,749,676
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	3,412,088
b	Net investment income (if negative, enter -0-)			11,172,206
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.............
	2	Savings and temporary cash investments.........	1,607,128	3,180,118	3,180,118
	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).......	74,641,139	80,949,335	176,009,409
	c	Investments—corporate bonds (attach schedule).......	26,501,376	22,320,736	22,560,219
	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 )	6,495,595	6,175,803	6,008,041
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	109,245,238	112,625,992	207,757,787
	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........	109,245,238	112,625,992
	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).....	109,245,238	112,625,992
	30	Total liabilities and net assets/fund balances (see instructions).	109,245,238	112,625,992

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

109,245,238

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

3,412,088

Other increases not included in line 2 (itemize) bullet

13,764

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

112,671,090

Decreases not included in line 2 (itemize) bullet

45,098

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

112,625,992

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	156. PEPSICO INCORPORATED		2020-01-08	2020-07-21
b	944. EPAM SYS INC COM		2020-01-07	2020-07-30
c	475. INTEL CORPORATION		2020-01-08	2020-07-30
d	1781. INTEL CORPORATION		2017-11-14	2020-07-30
e	591. INTEL CORPORATION		2011-11-18	2020-07-30
	2057. INTEL CORPORATION		2009-02-06	2020-07-30
	572. INTEL CORPORATION		2009-02-06	2020-07-30
	304. INTEL CORPORATION		2009-01-28	2020-07-30
	171. MSCI INC COM CL A		2020-01-14	2020-07-30
	498. PROOFPOINT INC COM		2019-10-06	2020-08-06
	191. PROOFPOINT INC COM		2019-09-23	2020-08-06
	911. PROOFPOINT INC COM		2019-09-22	2020-08-06
	2369. PROOFPOINT INC COM		2019-09-13	2020-08-06
	1847. PROOFPOINT INC COM		2020-01-07	2020-08-06
	2428. INTEL CORPORATION		2009-01-28	2020-08-18
	368. INTEL CORPORATION		2009-01-28	2020-08-18
	127. LULULEMON ATHLETICA INC COM		2020-01-07	2020-08-28
	139. LULULEMON ATHLETICA INC COM		2020-03-31	2020-08-28
	538. NVIDIA CORP COM		2020-01-07	2020-08-28
	408. SERVICENOW INC COM		2020-01-07	2020-08-28
	201. VEEVA SYS INC CL A COM		2020-01-07	2020-08-28
	490. LULULEMON ATHLETICA INC COM		2020-03-31	2020-09-04
	123. NVIDIA CORP COM		2020-01-07	2020-09-04
	376. APPLE INC COM		2020-01-08	2020-09-15
	1478. APPLE INC COM		2014-02-06	2020-09-15
	334. ALIBABA GROUP HLDG LTD ADS		2020-01-07	2020-09-21
	663. PAYPAL HOLDINGS INC COM		2020-01-30	2020-09-21
	293. PAYPAL HOLDINGS INC COM		2020-01-07	2020-09-21
	392. SERVICENOW INC COM		2020-01-07	2020-09-21
	923. CISCO SYSTEMS INCORPORATED		2020-01-08	2020-09-29
	2394. KEYSIGHT TECHNOLOGIES INC COM		2020-01-07	2020-10-02
	4968. KEYSIGHT TECHNOLOGIES INC COM		2018-11-01	2020-10-02
	289. VEEVA SYS INC CL A COM		2020-01-07	2020-11-04
	486. VEEVA SYS INC CL A COM		2019-01-15	2020-11-04
	1246. VISA INC CL A COM		2020-01-07	2020-11-04
	45. ALIBABA GROUP HLDG LTD ADS		2020-01-07	2020-11-11
	334. ALIBABA GROUP HLDG LTD ADS		2018-01-02	2020-11-11
	385. ALIBABA GROUP HLDG LTD ADS		2018-02-06	2020-11-11
	399. BURLINGTON STORES INC COM		2020-01-07	2020-11-11
	105355.575 PRUDENTIAL SHORT-TERM CORPORATE BD FUND INC CL Z		2014-05-28	2020-11-23
	391. APPLE INC COM		2014-02-06	2020-11-24
	248. MICROSOFT CORPORATION		2020-01-08	2020-11-24
	1175. SALESFORCE.COM INC COMMON		2020-02-04	2020-12-02
	952. SALESFORCE.COM INC COMMON		2020-01-07	2020-12-02
	274. CHEVRONTEXACO CORP COM		2017-10-17	2020-12-08
	53. CHEVRONTEXACO CORP COM		2020-01-08	2020-12-08
	78. CONOCOPHILLIPS COM		2018-07-25	2020-12-08
	788. CONOCOPHILLIPS COM		2018-08-21	2020-12-08
	1732. CONOCOPHILLIPS COM		2018-05-15	2020-12-08
	389. CONOCOPHILLIPS COM		2019-03-25	2020-12-08
	364. VALERO ENERGY CORP - NEW		2020-01-08	2020-12-08
	166. VALERO ENERGY CORP - NEW		2020-01-21	2020-12-08
	796. AMERICAN TOWER CORP COM		2020-09-16	2020-12-09
	1079. AMERICAN TOWER CORP COM		2020-06-02	2020-12-09
	232. DOMINION ENERGY INC COM		2020-01-08	2020-12-22
	324. DOMINION ENERGY INC COM		2019-08-20	2020-12-22
	1112. DOMINION ENERGY INC COM		2012-03-01	2020-12-22
	192. KLA-TENCOR CORP COM		2020-01-08	2020-12-22
	155. LAM RESEARCH CORP		2020-01-08	2020-12-22
	204. MICROSOFT CORPORATION		2020-01-08	2020-12-22
	138. MICROSOFT CORPORATION		2011-09-19	2020-12-22
	845. VALERO ENERGY CORP - NEW		2020-01-21	2020-12-22
	181. VALERO ENERGY CORP - NEW		2015-11-20	2020-12-22
	335. WAL-MART STORES INCORPORATED		2020-04-06	2020-12-22
	145. WAL-MART STORES INCORPORATED		2020-01-08	2020-12-22
	561. APPLE INC COM		2014-02-06	2020-12-23
	1541. VALERO ENERGY CORP - NEW		2015-11-20	2020-12-23
	245. THE TRADE DESK INC CL A COM		2020-01-03	2021-01-04
	249. AMERICAN TOWER CORP COM		2020-06-02	2021-01-07
	1406. AMERICAN TOWER CORP COM		2020-08-06	2021-01-07
	374. AMERICAN TOWER CORP COM		2020-08-28	2021-01-07
	2112. AMERICAN TOWER CORP COM		2020-05-27	2021-01-07
	658. SALESFORCE.COM INC COMMON		2020-01-07	2021-01-14
	763. SALESFORCE.COM INC COMMON		2015-08-26	2021-01-14
	631. BURLINGTON STORES INC COM		2020-01-07	2021-01-19
	149. BURLINGTON STORES INC COM		2020-04-28	2021-01-19
	2241. EDWARDS LIFESCIENCES CORP		2020-01-07	2021-01-19
	74. KLA-TENCOR CORP COM		2020-01-08	2021-01-19
	122. LULULEMON ATHLETICA INC COM		2020-03-31	2021-01-19
	321. LULULEMON ATHLETICA INC COM		2019-01-03	2021-01-19
	1734. SALESFORCE.COM INC COMMON		2015-08-26	2021-01-19
	1418. SALESFORCE.COM INC COMMON		2016-02-18	2021-01-19
	189. TEXAS INSTRS INC		2020-01-08	2021-01-19
	1914. ZOETIS INC CL A COM		2020-01-07	2021-01-19
	1195. UNITEDHEALTH GROUP INC		2020-01-07	2021-01-25
	1041. APPLE INC COM		2014-02-06	2021-01-29
	1027. FACEBOOK INC CL A COM		2020-01-07	2021-02-01
	56. UNITEDHEALTH GROUP INC		2020-01-07	2021-02-01
	2638. UNITEDHEALTH GROUP INC		2018-04-20	2021-02-01
	5000. AT&T INC		2007-12-13	2021-02-16
	3000. AT&T INC		2009-06-04	2021-02-16
	136. ACTIVISION BLIZZARD INC COM		2020-01-07	2021-02-16
	2334. ACTIVISION BLIZZARD INC COM		2020-03-24	2021-02-16
	166. ALPHABET INC CL C COM		2020-02-04	2021-02-16
	652. APPLE INC COM		2014-02-06	2021-02-16
	97370.983 ABERDEEN GLOBAL HIGH INCOME FUND CL I		2014-05-21	2021-02-16
	486. CIGNA CORP NEW COM		2009-09-02	2021-02-16
	10000. CARRIER GLOBAL CORP COM		1998-09-11	2021-02-16
	3000. CHEVRONTEXACO CORP COM		1984-03-20	2021-02-16
	5000. EXXON MOBIL CORPORATION		1988-11-29	2021-02-16
	1228. FACEBOOK INC CL A COM		2020-01-07	2021-02-16
	6000. INTEL CORPORATION		1996-08-27	2021-02-16
	3000. ISHARES S&P LATIN AMER 40 INDEX FUND		2011-12-27	2021-02-16
	2000. MICROSOFT CORPORATION		1996-04-08	2021-02-16
	26717.557 PIMCO ALL ASSET FUND INSTL CL		2010-05-18	2021-02-16
	1000. UNITEDHEALTH GROUP INC		2003-08-18	2021-02-16
	3000. WISDOMTREE JAPAN HEDGED EQUITY FUND		2013-05-06	2021-02-16
	1878. EDWARDS LIFESCIENCES CORP		2020-01-07	2021-02-24
	2412. EDWARDS LIFESCIENCES CORP		2020-05-14	2021-02-24
	318. EDWARDS LIFESCIENCES CORP		2015-08-26	2021-02-24
	4518. EDWARDS LIFESCIENCES CORP		2015-09-08	2021-02-24
	2486. EDWARDS LIFESCIENCES CORP		2015-09-29	2021-02-24
	1420. EDWARDS LIFESCIENCES CORP		2015-09-29	2021-02-25
	2603. APPLE INC COM		2014-02-06	2021-02-26
	139. LOCKHEED MARTIN CORPORATION		2020-01-08	2021-03-02
	132. MICROSOFT CORPORATION		2011-09-19	2021-03-02
	449. BURLINGTON STORES INC COM		2020-04-28	2021-03-11
	523. SERVICENOW INC COM		2020-01-07	2021-03-11
	3252. UBER TECHNOLOGIES INC COM		2020-11-11	2021-03-11
	418. ALIBABA GROUP HLDG LTD ADS		2018-02-06	2021-03-15
	813. ALIBABA GROUP HLDG LTD ADS		2019-06-11	2021-03-15
	1174. ALIBABA GROUP HLDG LTD ADS		2018-11-01	2021-03-15
	1678. ALIBABA GROUP HLDG LTD ADS		2018-11-02	2021-03-15
	1774. APPLE INC COM		2014-02-06	2021-03-16
	362. PAYPAL HOLDINGS INC COM		2020-01-07	2021-03-29
	188. INTERNATIONAL BUSINESS MACHS		2018-04-17	2021-03-30
	3. INTERNATIONAL BUSINESS MACHS		2019-07-23	2021-03-30
	275. KIMBERLY CLARK CORP COM		2020-01-08	2021-03-30
	93. MICROSOFT CORPORATION		2011-09-19	2021-03-30
	61. SERVICENOW INC COM		2020-01-07	2021-03-30
	133. SERVICENOW INC COM		2017-10-26	2021-03-30
	314. WAL-MART STORES INCORPORATED		2020-01-08	2021-03-30
	359. WAL-MART STORES INCORPORATED		2014-08-28	2021-03-30
	19. WAL-MART STORES INCORPORATED		2016-08-18	2021-03-30
	509. EPAM SYS INC COM		2020-01-07	2021-04-09
	346. BAXTER INTERNATIONAL INC		2020-01-08	2021-04-27
	10. BAXTER INTERNATIONAL INC		2019-01-09	2021-04-27
	130. BAXTER INTERNATIONAL INC		2018-12-11	2021-04-27
	401. CISCO SYSTEMS INCORPORATED		2020-01-08	2021-04-27
	150. HONEYWELL INTERNATIONAL INC		2020-01-08	2021-04-27
	405. MERCK & CO INC NEW COM		2020-01-08	2021-04-27
	63. MICROSOFT CORPORATION		2011-09-19	2021-04-27
	113. TEXAS INSTRS INC		2020-01-08	2021-04-27
	1712. BAXTER INTERNATIONAL INC		2018-12-11	2021-04-28
	32. NVIDIA CORP COM		2020-01-07	2021-05-11
	677. NVIDIA CORP COM		2019-08-23	2021-05-11
	596. MSCI INC COM CL A		2020-01-14	2021-05-18
	80. MSCI INC COM CL A		2020-01-07	2021-05-18
	379. SERVICENOW INC COM		2017-10-26	2021-05-18
	36. SERVICENOW INC COM		2017-07-14	2021-05-18
	876. CHEVRONTEXACO CORP COM		2020-01-08	2021-05-26
	607. CHEVRONTEXACO CORP COM		2018-11-27	2021-05-26
	875. CHEVRONTEXACO CORP COM		2020-01-21	2021-05-26
	194. CHEVRONTEXACO CORP COM		2019-01-22	2021-05-26
	216. CHEVRONTEXACO CORP COM		2018-02-20	2021-05-26
	67. KIMBERLY CLARK CORP COM		2020-01-08	2021-05-26
	130. KIMBERLY CLARK CORP COM		2019-10-29	2021-05-26
	190. KIMBERLY CLARK CORP COM		2019-02-19	2021-05-26
	519. KIMBERLY CLARK CORP COM		2011-11-14	2021-05-26
	1093. MERCK & CO INC NEW COM		2020-01-08	2021-05-26
	498. MERCK & CO INC NEW COM		2020-03-20	2021-05-26
	319. MERCK & CO INC NEW COM		2014-01-14	2021-05-26
	379. MERCK & CO INC NEW COM		2007-08-22	2021-05-26
	885. KIMBERLY CLARK CORP COM		2011-11-14	2021-05-27
	72463.768 BBH LTD DURATION FUND CL I		2019-03-04	2021-06-08
	10101.01 COLUMBIA FUNDS SERIES TRUST I- COLUMBIA STRATEGIC INCOME FUND		2014-05-28	2021-06-08
	23696.682 DOUBLELINE TOTAL RETURN BD FUND CL I		2015-12-07	2021-06-08
	65963.061 PRUDENTIAL SHORT-TERM CORPORATE BD FUND INC CL Z		2014-05-28	2021-06-08
	894. VERTEX PHARMACEUTICALS INC COM		2020-01-07	2021-06-18
	1948. VERTEX PHARMACEUTICALS INC COM		2020-01-03	2021-06-18
	859. VERTEX PHARMACEUTICALS INC COM		2020-03-25	2021-06-18
	173. ALLSTATE CORPORATION		2020-01-08	2021-06-21
	52. HOME DEPOT INC		2019-12-27	2021-06-21
	35. HOME DEPOT INC		2020-01-08	2021-06-21
	133. J P MORGAN CHASE & CO COM		2020-01-08	2021-06-21
	93. NORTHERN TRUST CORPORATION		2020-01-08	2021-06-21
	89. PNC BK CORP		2020-01-08	2021-06-21
	48. UNION PAC CORP COM		2020-01-08	2021-06-21
	97. TRANE TECH PUB LTD CO COM		2020-01-08	2021-06-21
	69. CHUBB LTD COM		2020-01-08	2021-06-21
	326. CITRIX SYSTEMS INC		2021-01-29	2021-06-23
	840. CITRIX SYSTEMS INC		2020-12-23	2021-06-23
	294. CITRIX SYSTEMS INC		2020-12-22	2021-06-23
	70.128 ORGANON & CO COM		2007-08-22	2021-06-23
	73.318 ORGANON & CO COM		2007-11-09	2021-06-23
	219.954 ORGANON & CO COM		2008-06-06	2021-06-23
	287.6 ORGANON & CO COM		2011-05-04	2021-06-23
	539. PINNACLE WEST CAPITAL CORPORATION		2020-12-23	2021-06-23
	223. PINNACLE WEST CAPITAL CORPORATION		2020-12-23	2021-06-24
	212. PINNACLE WEST CAPITAL CORPORATION		2020-12-22	2021-06-24
	1009. TRANE TECH PUB LTD CO COM		2021-05-11	2021-06-24
	631. TRANE TECH PUB LTD CO COM		2020-11-11	2021-06-24
	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	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	21,142	20,928	214
b	269,937	202,286	67,651
c	22,712	27,987	-5,275
d	85,158	81,710	3,448
e	28,259	14,403	13,856
	98,355	30,342	68,013
	27,350	8,405	18,945
	14,536	4,277	10,259
	63,912	45,781	18,131
	54,433	64,493	-10,060
	20,877	24,375	-3,498
	99,574	115,514	-15,940
	258,937	297,701	-38,764
	201,881	224,011	-22,130
	118,350	34,158	84,192
	17,938	5,166	12,772
	47,943	29,993	17,950
	52,473	26,374	26,099
	282,819	128,667	154,152
	199,086	118,617	80,469
	55,149	28,435	26,714
	175,271	92,972	82,299
	60,276	29,416	30,860
	43,494	28,025	15,469
	170,967	27,073	143,894
	90,090	72,628	17,462
	120,169	76,952	43,217
	53,106	32,475	20,631
	180,005	113,965	66,040
	36,220	43,664	-7,444
	232,830	240,885	-8,055
	483,165	285,011	198,154
	81,922	40,884	41,038
	137,766	48,921	88,845
	242,458	235,716	6,742
	12,083	9,785	2,298
	89,686	61,147	28,539
	103,381	70,408	32,973
	89,413	93,188	-3,775
	1,200,000	1,203,161	-3,161
	45,031	7,162	37,869
	52,930	39,270	13,660
	261,731	222,515	39,216
	212,057	165,396	46,661
	25,218	32,928	-7,710
	4,878	6,289	-1,411
	3,308	5,561	-2,253
	33,419	56,135	-22,716
	73,453	121,402	-47,949
	16,497	26,043	-9,546
	21,368	33,615	-12,247
	9,745	14,990	-5,245
	173,011	210,433	-37,422
	234,521	283,223	-48,702
	17,061	19,029	-1,968
	23,827	25,046	-1,219
	81,777	56,372	25,405
	49,499	33,879	15,620
	73,914	46,147	27,767
	45,551	32,303	13,248
	30,814	3,701	27,113
	45,662	76,305	-30,643
	9,781	13,013	-3,232
	48,167	41,633	6,534
	20,848	16,869	3,979
	74,048	10,276	63,772
	84,658	110,791	-26,133
	186,287	66,801	119,486
	53,962	65,359	-11,397
	304,704	357,788	-53,084
	81,052	93,353	-12,301
	457,706	516,778	-59,072
	142,468	114,318	28,150
	165,202	51,891	113,311
	160,209	147,373	12,836
	37,831	28,064	9,767
	197,822	175,190	22,632
	23,235	13,057	10,178
	41,845	23,148	18,697
	110,101	40,059	70,042
	374,420	117,928	256,492
	306,187	89,151	217,036
	32,862	24,479	8,383
	309,986	254,497	55,489
	413,952	344,901	69,051
	137,615	19,068	118,547
	266,813	219,593	47,220
	18,723	16,163	2,560
	881,972	618,502	263,470
	144,872	208,270	-63,398
	86,923	73,212	13,711
	13,968	8,116	5,852
	239,713	129,605	110,108
	352,448	239,419	113,029
	87,308	11,943	75,365
	807,205	978,091	-170,886
	99,019	72,179	26,840
	369,984	35,198	334,786
	279,294	25,894	253,400
	259,916	53,939	205,977
	336,650	262,571	74,079
	375,212	61,125	314,087
	88,124	128,184	-40,060
	487,828	12,813	475,015
	350,000	318,340	31,660
	324,006	25,767	298,239
	179,161	145,245	33,916
	159,182	146,812	12,370
	204,445	170,163	34,282
	26,954	7,388	19,566
	382,952	104,138	278,814
	210,717	56,597	154,120
	119,396	32,328	87,068
	320,805	47,679	273,126
	47,084	57,589	-10,505
	31,044	3,540	27,504
	135,726	84,569	51,157
	264,203	152,051	112,152
	189,931	152,714	37,217
	94,707	76,443	18,264
	184,202	133,332	50,870
	265,994	177,227	88,767
	380,186	246,718	133,468
	222,976	32,494	190,482
	85,331	40,122	45,209
	25,266	30,020	-4,754
	403	450	-47
	38,127	37,620	507
	21,578	2,494	19,084
	29,832	17,734	12,098
	65,043	16,867	48,176
	42,665	36,531	6,134
	48,780	27,210	21,570
	2,582	1,406	1,176
	214,031	109,071	104,960
	30,052	29,721	331
	869	669	200
	11,291	8,595	2,696
	20,607	18,970	1,637
	33,418	26,616	6,802
	31,405	36,109	-4,704
	16,503	1,690	14,813
	21,575	14,635	6,940
	148,500	113,190	35,310
	18,208	7,653	10,555
	385,220	110,463	274,757
	271,409	159,564	111,845
	36,431	20,946	15,485
	173,975	48,065	125,910
	16,525	3,962	12,563
	91,002	103,952	-12,950
	63,057	69,987	-6,930
	90,898	99,380	-8,482
	20,153	21,804	-1,651
	22,439	24,136	-1,697
	8,778	9,166	-388
	17,032	17,322	-290
	24,893	22,685	2,208
	67,997	35,336	32,661
	84,386	97,448	-13,062
	38,449	35,613	2,836
	24,629	16,862	7,767
	29,261	14,345	14,916
	115,948	60,255	55,693
	750,000	737,681	12,319
	250,000	245,642	4,358
	250,000	256,635	-6,635
	750,000	753,298	-3,298
	167,024	199,503	-32,479
	363,939	425,332	-61,393
	160,485	185,016	-24,531
	22,154	19,556	2,598
	16,042	11,479	4,563
	10,798	7,716	3,082
	20,008	18,159	1,849
	10,468	9,907	561
	16,299	14,099	2,200
	10,479	8,556	1,923
	17,407	9,885	7,522
	10,971	10,628	343
	37,036	43,933	-6,897
	95,431	111,842	-16,411
	33,401	39,035	-5,634
	2,064	1,266	798
	2,158	1,317	841
	6,475	3,837	2,638
	8,466	5,035	3,431
	43,990	42,165	1,825
	18,095	17,445	650
	17,202	16,497	705
	181,815	184,730	-2,915
	113,702	89,956	23,746
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614
			886,614

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			214
b			67,651
c			-5,275
d			3,448
e			13,856
			68,013
			18,945
			10,259
			18,131
			-10,060
			-3,498
			-15,940
			-38,764
			-22,130
			84,192
			12,772
			17,950
			26,099
			154,152
			80,469
			26,714
			82,299
			30,860
			15,469
			143,894
			17,462
			43,217
			20,631
			66,040
			-7,444
			-8,055
			198,154
			41,038
			88,845
			6,742
			2,298
			28,539
			32,973
			-3,775
			-3,161
			37,869
			13,660
			39,216
			46,661
			-7,710
			-1,411
			-2,253
			-22,716
			-47,949
			-9,546
			-12,247
			-5,245
			-37,422
			-48,702
			-1,968
			-1,219
			25,405
			15,620
			27,767
			13,248
			27,113
			-30,643
			-3,232
			6,534
			3,979
			63,772
			-26,133
			119,486
			-11,397
			-53,084
			-12,301
			-59,072
			28,150
			113,311
			12,836
			9,767
			22,632
			10,178
			18,697
			70,042
			256,492
			217,036
			8,383
			55,489
			69,051
			118,547
			47,220
			2,560
			263,470
			-63,398
			13,711
			5,852
			110,108
			113,029
			75,365
			-170,886
			26,840
			334,786
			253,400
			205,977
			74,079
			314,087
			-40,060
			475,015
			31,660
			298,239
			33,916
			12,370
			34,282
			19,566
			278,814
			154,120
			87,068
			273,126
			-10,505
			27,504
			51,157
			112,152
			37,217
			18,264
			50,870
			88,767
			133,468
			190,482
			45,209
			-4,754
			-47
			507
			19,084
			12,098
			48,176
			6,134
			21,570
			1,176
			104,960
			331
			200
			2,696
			1,637
			6,802
			-4,704
			14,813
			6,940
			35,310
			10,555
			274,757
			111,845
			15,485
			125,910
			12,563
			-12,950
			-6,930
			-8,482
			-1,651
			-1,697
			-388
			-290
			2,208
			32,661
			-13,062
			2,836
			7,767
			14,916
			55,693
			12,319
			4,358
			-6,635
			-3,298
			-32,479
			-61,393
			-24,531
			2,598
			4,563
			3,082
			1,849
			561
			2,200
			1,923
			7,522
			343
			-6,897
			-16,411
			-5,634
			798
			841
			2,638
			3,431
			1,825
			650
			705
			-2,915
			23,746

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	8,065,864
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	155,294
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	155,294
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	155,294
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	163,100
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	163,100
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	7,806
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax7,806	Refunded	11	0

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

BANK OF AMERICA NA Telephone no. bullet

(866) 752-2127

Located at bullet

110 N WACKER 7TH FLOORCHICAGOIL ZIP+4 bullet

60603

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-)
Bank of America N A	CO-TRUSTEE 1	555,255
225 FRANKLIN ST BOSTON,MA60603	CO-TRUSTEE 1	555,255
L S S BANK OF AMERICA N A	CO-TRUSTEE 4	20,000
225 FRANKLIN ST BOSTON,MA60603	CO-TRUSTEE 4	20,000
A G BANK OF AMERIECA N A	CO-TRUSTEE 4	20,000
225 FRANKLIN ST BOSTON,MA60603	CO-TRUSTEE 4	20,000
T S BANK OF AMERIECA N A	CO-TRUSTEE 4	20,000
225 FRANKLIN ST BOSTON,MA60603	CO-TRUSTEE 4	20,000

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

186,587,470

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

2,470,082

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

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

189,057,552

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

189,057,552

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

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

2,835,863

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

186,221,689

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

9,311,084

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

9,311,084

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

155,294

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

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

155,294

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

9,155,790

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

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

9,155,790

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

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

9,155,790

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 ..........

7,749,676

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

7,749,676

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

7,749,676

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					9,155,790
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				7,231,757
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	0
b From 2016......	0
c From 2017......	0
d From 2018......	0
e From 2019......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 7,749,676
a Applied to 2019, but not more than line 2a				7,231,757
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.....					517,919
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 ..........					8,637,871
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....	0
b Excess from 2017....	0
c Excess from 2018....	0
d Excess from 2019....	0
e Excess from 2020....	0

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
SEE ATTACHED SCHEDULE SEE ATTACHED SEE ATTACHED,IL11111	N/A	PC	SEE SCHEDULE ATTACHED	7,270,000
Total ................................. 3a				7,270,000

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	3,731,802
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	8,065,864
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aEXCISE TAX REFUND			1	90,944
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				11,888,610

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

11,888,610

(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.)
4	NOT APPLICABLE
7	NOT APPLICABLE
8	NOT APPLICABLE

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

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
STATE FILING FEE	15	0		15
OTHER CHARITABLE EXPENSES	62,310	0		62,310

Description	Amount
REIT DISTRIBUTIONS	2,309
YEAR END SALES ADJUSTMENT	11,455

Category	Amount	Net Investment Income
FOREIGN TAXES	3,142	3,142
EXCISE TAX ESTIMATES	125,438	0
FOREIGN TAXES ON QUALIFIED FOR	12,494	12,494
FOREIGN TAXES ON NONQUALIFIED	6,552	6,552

Description	Amount
CARRYING VALUE ADJUSTMENT	44,685
ROC BASIS ADJ. ON SALES	231
INCOME TIMING	182

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
GRANTMAKING FEES - BOA	166,318			166,318
INVESTMENT ADVISORY FEES	207,817	207,817