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
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
Kalscheur Family Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

39-6681490
B Telephone number (see instructions)

(800) 839-1754
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$15,825,088J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 3,510,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,149 1,149  
4 Dividends and interest from securities... 217,710 217,710  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 708,682
b Gross sales price for all assets on line 6a 8,417,073
7 Capital gain net income (from Part IV, line 2)... 708,682
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 4,437,541 927,541  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 134,308 134,308    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,113 813    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 34,424 13   34,411
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 172,845 135,134   34,411
25 Contributions, gifts, grants paid....... 1,894,850 1,894,850
26 Total expenses and disbursements. Add lines 24 and 25 2,067,695 135,134   1,929,261
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,369,846
b Net investment income (if negative, enter -0-) 792,407
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,407,195 2,870,919 2,870,919
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 534,583 Click to see attachment884,949 911,883
b Investments—corporate stock (attach schedule)....... 9,240,839 Click to see attachment9,561,798 11,485,257
c Investments—corporate bonds (attach schedule)....... 277,000 Click to see attachment515,797 557,029
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,459,617 13,833,463 15,825,088
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 11,459,617 13,833,463
29 Total net assets or fund balances (see instructions)..... 11,459,617 13,833,463
30 Total liabilities and net assets/fund balances (see instructions). 11,459,617 13,833,463
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
11,459,617
2
Enter amount from Part I, line 27a .....................
2
2,369,846
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
4,000
4
Add lines 1, 2, and 3 ..........................
4
13,833,463
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,833,463
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 8,417,073   7,708,391 708,682
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       708,682
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 708,682
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 11,014
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 11,014
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 11,014
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 8,370
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,644
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,014
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
    Yes
     
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Scott A Kalscheur Co-Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Steven J Kalscheur Co-Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Amy Lanham Co-Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Morgan Stanley Investment Mgmt 134,308
    1241 JOHN Q HAMMONS DR
    MADISON,WI53717
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    11,481,595
    b
    Average of monthly cash balances.......................
    1b
    981,537
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,463,132
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    12,463,132
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    186,947
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,276,185
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    613,809
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    613,809
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    11,014
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    11,014
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    602,795
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    4,000
    5
    Add lines 3 and 4............................
    5
    606,795
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    606,795
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,929,261
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,929,261
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,929,261
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 606,795
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 620,628
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,929,261
    a Applied to 2019, but not more than line 2a 620,628
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 606,795
    e Remaining amount distributed out of corpus 701,838
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 701,838
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		701,838
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 701,838
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    Steven J Kalscheur
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI
    2820 WALTON COMMONS STE 132
    MADISON,WI53718     		N/A PC General & Unrestricted 5,000
    BADGER HONOR FLIGHT INCORPORATED
    5559 COUNTY RD F
    MAZOMANIE,WI53560     		N/A PC General & Unrestricted 10,000
    BLACKHAWK EVANGELICAL FREE CHURCH INC
    9620 BRADER WAY
    MIDDLETON,WI53562     		N/A PC General & Unrestricted 10,000
    CHRIST MEMORIAL LUTHERAN CHURCH
    2833 RARITAN RD
    FITCHBURG,WI53711     		N/A PC In support of AM to FM program 5,000
    CHRIST MEMORIAL LUTHERAN CHURCH
    2833 RARITAN RD
    FITCHBURG,WI53711     		N/A PC Pre-School program 5,000
    CITY OF MIDDLETON
    7426 HUBBARD AVE
    MIDDLETON,WI53562     		N/A GOV K-9 Unit 5,000
    COLORADO MESA UNIVERSITY
    1100 N AVE
    GRAND JUNCTION,CO81501     		N/A GOV Men's Lacrosse Program 250
    CROSS PLAINS VOLUNTEER FIREFIGHTER CORPORATION
    1501 BOURBON RD
    CROSS PLAINS,WI53528     		N/A PC General & Unrestricted 2,000
    CROSS PLAINS-BERRY EMERGENCY MEDICAL SERVICE
    PO BOX 152
    CROSS PLAINS,WI53528     		N/A PC General & Unrestricted 2,000
    DISTRICT COUNCIL OF MADISON INC SOCIETY OF ST VINC
    PO BOX 259686
    MADISON,WI53725     		N/A PC General & Unrestricted 21,000
    ENERGY SERVICES INC
    1225 S PARK ST
    MADISON,WI53715     		N/A PC Keep Wisconsin Warm/Cool Fund 5,000
    FRIENDS OF PBS WISCONSIN INC
    821 UNIVERSITY AVE NO 1076
    MADISON,WI53706     		N/A PC General & Unrestricted 2,000
    GILDAS CLUB MADISON WISCONSIN INC
    7907 UW HEALTH CT
    MIDDLETON,WI53562     		N/A PC General & Unrestricted 5,000
    GREEN BERET FOUNDATION
    14402 BLANCO RD STE 100
    SAN ANTONIO,TX78216     		N/A PC General & Unrestricted 5,000
    HABITAT FOR HUMANITY INTERNATIONAL INC
    3101 LATHAM DR
    MADISON,WI53713     		N/A PC General & Unrestricted 2,000
    HENRY VILAS PARK ZOOLOGICAL SOCIETY
    PO BOX 259302
    MADISON,WI53725     		N/A PC General & Unrestricted 5,000
    HOME OF OUR OWN
    W6159 LEGLER VALLEY RD
    NEW GLARUS,WI53574     		N/A PC General & Unrestricted 5,000
    IRWIN A AND ROBERT D GOODMAN COMMUNITY CENTER INC
    214 WAUBESA ST
    MADISON,WI53704     		N/A PC General & Unrestricted 20,000
    LUKE HOUSE INC
    310 S INGERSOLL ST
    MADISON,WI53703     		N/A PC General & Unrestricted 5,000
    MADISON AREA CRIME STOPPERS INC
    PO BOX 964
    MADISON,WI53701     		N/A PC General & Unrestricted 4,000
    MIDDLETON EMS INC
    2020 PARMENTER ST
    MIDDLETON,WI53562     		N/A PC General & Unrestricted 2,000
    MIDDLETON FIRE DISTRICT
    7600 UNIVERSITY AVE
    MIDDLETON,WI53562     		N/A GOV General & Unrestricted 2,000
    MONROE CLINIC AND HOSPITALFOUNDATION
    515 22ND AVE
    MONROE,WI53566     		N/A PC Little Golf Event and Hospice 5,000
    MOUNT HOREB AREA JOINT FIRE DEPARTMENT
    400 BLUE MOUNDS ST
    MOUNT HOREB,WI53572     		N/A GOV General & Unrestricted 4,000
    NATIONAL KIDNEY FOUNDATION OF WISCONSIN INC
    10909 W GREENFIELD AVE STE 201
    WEST ALLIS,WI53214     		N/A PC General & Unrestricted 10,000
    NORTHERN SKY THEATER INC
    PO BOX 273
    FISH CREEK,WI54212     		N/A PC General & Unrestricted 2,500
    OREGON AREA FOOD PANTRY INC
    1010 AUTUMN WOODS LN
    OREGON,WI53575     		N/A PC General & Unrestricted 2,000
    POST COLLEGE CONNECTIONS INC
    2292 COUNTY AB
    MCFARLAND,WI53558     		N/A PC General & Unrestricted 5,000
    RIVER FOOD PANTRY
    2201 DARWIN RD
    MADISON,WI53704     		N/A PC General & Unrestricted 20,000
    RONALD MCDONALD HOUSE OF CHARITIES OF MADISON INC
    2716 MARSHALL CT
    MADISON,WI53705     		N/A PC General & Unrestricted 2,000
    SECOND HARVEST FOODBANK OF SOUTHERN WISCONSIN
    2802 DAIRY DR
    MADISON,WI53718     		N/A PC General & Unrestricted 20,000
    SELAH FREEDOM INC
    PO BOX 21415
    SARASOTA,FL34276     		N/A PC General & Unrestricted 20,000
    ST FRANCIS XAVIER CATHOLIC CHURCH
    2947 THINNES ST
    CROSS PLAINS,WI53528     		N/A PC General & Unrestricted (SEE GENERAL EXPLANATION ATTACHMENT) 1,510,000
    ST FRANCIS XAVIER PARISH AND SCHOOL SUPPORTING ORG
    2947 THINNES ST
    CROSS PLAINS,WI53528     		N/A SO I General & Unrestricted 50,000
    ST FRANCIS XAVIER PARISH AND SCHOOL SUPPORTING ORG
    2947 THINNES ST
    CROSS PLAINS,WI53528     		N/A SO I Charitable Event 1,000
    ST JUDE CHILDRENS RESEARCH HOSPITAL INC
    501 ST JUDE PL
    MEMPHIS,TN38105     		N/A PC General & Unrestricted 10,000
    ST MARIA GORETTI CATHOLIC CHURCH
    5313 FLAD AVE
    MADISON,WI53711     		N/A PC General & Unrestricted 40,000
    ST MARYS OF PINE BLUFF CATHOLIC CHURCH
    3673 OUNTY RD P
    CROSS PLAINS,WI53528     		N/A PC General & Unrestricted 2,000
    TASK FORCE DAGGER FOUNDATION
    PO BOX 250
    TERRA CEIA,FL34250     		N/A PC General & Unrestricted 5,000
    THE WISCONSIN FFA FOUNDATION INC
    1241 JOHN Q HAMMONS DR STE 200
    MADISON,WI53717     		N/A PC General & Unrestricted 5,000
    TOWN OF CROSS PLAINS
    3734 COUNTY P
    CROSS PLAINS,WI53528     		N/A GOV Community Center 10,000
    WISCONSIN 4-H FOUNDATION INC
    702 LANGDON ST
    MADISON,WI53706     		N/A PC General & Unrestricted 2,500
    WISCONSIN AMERICAN LEGION FOUNDATION INC
    PO BOX 388
    PORTAGE,WI53901     		N/A PC American Legion Post 245 8,000
    WISCONSIN AMPUTEE GOLF ASSOCIATION INC
    PO BOX 28441
    GREEN BAY,WI54324     		N/A PC General & Unrestricted 600
    WISCONSIN VFW FOUNDATION INC
    PO BOX 242
    CAMP DOUGLAS,WI54618     		N/A PC for Post 8216 in Middleton, Wis 10,000
    WISCONSIN VFW FOUNDATION INC
    PO BOX 242
    CAMP DOUGLAS,WI54618     		N/A PC for Post 9511 in Mt. Horeb, Wisconsin. 8,000
    WORLD VISION
    PO BOX 9716
    FEDERAL WAY,WA98063     		N/A PC General & Unrestricted 5,000
    YOUNG LIFE
    820 MAIN ST STE 200
    LOUISVILLE,CO80027     		N/A PC General & Unrestricted 10,000
    Total .................................bullet 3a 1,894,850
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 1,149  
    4 Dividends and interest from securities....     14 217,710  
    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 ............     		    18 708,682  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   927,541  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    927,541
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


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

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

    39-6681490
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    Kalscheur Family Foundation
          		Employer identification number
    39-6681490
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Kalscheur Steven J
    3701 County Rd J
     
    Cross Plains, WI53528

    		$ 2,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    ZANDER REVOCABLE TRUST DATED JUL 24
    33 East Main Street Suite 500
     
    Madison, WI53703

    		$ 1,510,000


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    Kalscheur Family Foundation
          		Employer identification number

    39-6681490
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 PARCEL 004/0807-354-8501-0 real property land DANE COUNTY, WI $ 170,000 2020-07-02
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 PARCEL 004/0807/351/9050-8 real property land DANE COUNTY, WI $ 1,340,000 2020-07-02
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    Kalscheur Family Foundation
          		Employer identification number

    39-6681490
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

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

    TY 2020 DepreciationSchedule
    Name:
    Kalscheur Family Foundation
    EIN:
    39-6681490
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2020 GeneralExplanationAttachment
    Name:
    Kalscheur Family Foundation
    EIN:
    39-6681490
    Identifier Return Reference Explanation
    990PF, Part XV PART I LINE 25 AND PART XV LINE 3A PART XV (FORM 990-PF) - DISTRIBUTION OF PROPERTY VALUE AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION METHOD FOR DETERMINING FMV OF SECURITIES: AVERAGE OF HIGH/LOW ON DATE GRANTED TO CHARITY TOTAL FAIR MARKET VALUE OF PROPERTY: $1,510,000 TOTAL BOOK VALUE OF PROPERTY: $1,510,000 TOTAL CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $1,510,000 FORM 990-PF, PART III, LINE 3 - OTHER INCREASES: $- DETAILS OF ITEM GRANTED: DESCRIPTION OF PROPERTY: CREEK CROSSING AT SAINT FRANCIS, INC UNITS: 100 DATE OF DISTRIBUTION: 7/7/2020 GRANT RECIPIENT: ST FRANCIS XAVIER CATHOLIC CHURCH FMV OF PROPERTY: $1,510,000 BOOK VALUE OF PROPERTY: $1,510,000 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $1,510,000

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    Kalscheur Family Foundation
    EIN:
    39-6681490
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BANK AMER CORP MTN - 2.884% - 44,833 46,121
    CITIGROUP INC NOTE - 3.668% - 41,423 45,501
    COMCAST CORP NOTE - 4.150% - 1 41,818 44,539
    CVS CAREMARK CORP NOTE - 4.300 44,192 45,219
    ENTERPRISE PRODUCTS OPERTATING 27,764 32,763
    GE CAP CORP NTS - 5.875% - 01/ 29,858 35,198
    GOLDMAN SACHS - 3.800% - 03/15 45,119 45,866
    JP MORGAN CHASE BANK - 4.203% 55,717 60,761
    MICROSOFT CORP - 4.250% - 02/0 53,192 62,211
    SHELL INT'L FINANCE - 2.875% - 43,230 46,450
    VERIZON COMMUNICATIONS INC - 4 46,106 45,969
    WELLS FARGO &CO MTN - 3.584% - 42,545 46,431

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Kalscheur Family Foundation
    EIN:
    39-6681490
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE PLC 40,928 57,205
    ADIDAS AG 27,233 35,866
    ADOBE SYSTEMS, INC 30,488 38,509
    ADVANCE AUTO PARTS INC 6,867 7,876
    ADYEN N.V. 23,986 39,022
    AES CORP 24,995 35,603
    AIA GROUP LTD ADR 25,834 33,998
    AIRBUS GROUP 11,712 18,304
    AKAMAI TECH COM STK 9,238 9,134
    ALCON INC 23,158 23,819
    ALEXION PHARMACEUTICALS, INC 7,349 9,999
    ALIBABA GROUP HOLDING LTD 14,433 12,102
    ALPHABET INC CL A 18,759 22,784
    AMADEUS IT HLDS SA 27,084 32,235
    AMAZON COM 65,780 84,680
    AMER INTERNATIONAL GROUP INC 20,464 20,444
    AMERICAN TOWER REIT INC 23,737 22,222
    AMGEN INC 13,416 12,646
    ANALOG DEVICES INC 16,655 21,273
    ANHEUSER BUSCH COS INC 7,467 7,830
    ANSYS INC 9,121 10,914
    APPLE INC 28,404 34,632
    APPLIED IDNS TECH 51,722 68,709
    APPLIED MATERIALS INC 16,487 29,083
    APTIV PLC 4,630 7,948
    ARMSTRONG WORLD INDU 34,793 47,982
    ARROW ELECTRONICS INC 84,737 110,046
    ASML HOLDING NV NY REG SHS 30,721 46,821
    ATLAS COPCO AB A SHS ADR 21,029 20,483
    ATLASSIAN CORP PLC 19,136 25,960
    AUTODESK, INC 14,832 19,847
    AVERY DENNISON CORP 114,855 168,139
    BALL CP 12,723 14,536
    BANK OF AMERICA CORP 29,221 33,311
    BARRICK GOLD CORPORATION 35,468 33,487
    BAXTER INTERNATIONAL INC 28,893 29,368
    BERKLEY W R CP 59,798 82,361
    BERKSHIRE HATHAWAY INC. CLASS 140,932 154,194
    BIO RAD LABS INC CL A 13,482 15,156
    BIO TECHNE CORPORATION 7,832 11,114
    BIOMARIN PHARMACEUTICAL INC 4,712 5,437
    BLACK KNIGHT, INC 5,965 6,361
    BLACKLINE INC 5,187 8,803
    BOOKING HOLDINGS INC 74,838 93,545
    BRADY CP CL A 33,522 35,865
    BRIGHT HORIZONS FAMILY SOLUTIO 3,656 4,671
    BRISTOL-MYERS SQUIBB CO 32,911 35,171
    BROOKS AUTOMATION, INC 3,390 5,292
    BURBERRY GROUP PLC 16,612 22,792
    CABLE ONE INC 8,903 11,139
    CADENCE DESIGN SYSTEMS INC 12,014 15,144
    CARLISLE COS INC 111,980 158,054
    CARMAX INC 5,281 5,384
    CBRE GROUP 5,139 6,460
    CDK GLOBAL INC 63,262 64,943
    CELLNEX TELECOM ADR 930 873
    CENTENE CORP 19,692 20,950
    CHARLES SCHWAB CORP 64,155 84,334
    CHEMICAL AND MINING CO OF CHIL 7,646 11,585
    CHEVRON CORP 13,448 12,414
    CHUBB LIMITED 79,021 89,120
    CIGNA CORPORATION 26,042 33,101
    CISCO SYSTEMS INC 32,514 36,516
    CITIGROUP INC 27,044 31,385
    COMCAST CORP 106,890 127,489
    CORNING INC 20,685 24,912
    COSTAR GROUP, INC 5,343 7,394
    COSTCO WHOLESALE CORPORATION 8,194 10,550
    COUPONS.COM 1,136 1,695
    CROWDSTRIKE HOLDINGS ORD SHS C 1,218 1,906
    CSX CORP 17,086 20,691
    DANAHER CORP 22,285 23,547
    DENTSPLY SIRONA INC 61,118 83,828
    DIAGEO PLC ADS 24,777 29,221
    DOLLAR GENERAL CORP 60,283 106,832
    DOLLAR TREE INC 89,110 103,070
    DONALDSON CO. INC 57,698 76,053
    DYNATRACE 16,693 17,611
    EATON CORP PLC 62,315 78,692
    ECOLAB INC 25,021 30,507
    EDP-ELECTRICIDADE DE PORTUGAL 24,660 32,886
    EDWARDS LIFESCIENCES 11,829 13,776
    ELASTIC NV 14,116 23,819
    EMERSON ELECTRIC CO 19,251 30,942
    ENPRO INDUSTRIES INC 43,304 48,710
    ENVESTNET INC 3,484 3,703
    EQUINIX, INC 7,213 9,284
    ERSTE BK DER OEST SP 8,323 10,885
    ETSY INC 9,255 13,877
    EXPEDITORS INTL WASH INC 38,753 47,650
    F M C CP 26,997 33,904
    FACEBOOK INC 29,703 35,784
    FANUC LIMITED UNSPONSORED 17,678 26,320
    FASTENAL COMPANY 5,130 6,153
    FIDELITY NATIONAL INFORMATION 10,390 10,327
    FIRST ENERGY CORP 20,384 21,702
    FIRSTCASH INC 133,961 141,971
    FLOWSERVE CP 55,920 76,464
    FORTIVE CORPORATION 14,300 15,864
    FREEPORT-MCMORAN COPPER & GOLD 12,585 23,574
    FTI CONSULTING INC 71,402 70,719
    GENPACT LIMITED 81,269 141,286
    GIVAUDAN SA UNSP/ADR 18,092 24,779
    GRAHAM HOLDINGS COMPANY 84,549 85,341
    GRAINGER W W INC 8,711 10,617
    GUIDEWIRE SOFTWARE INC 2,091 2,703
    HEICO CP CL A 4,339 5,619
    HENRY SCHEIN INC 67,709 79,563
    HOME DEPOT INC 25,559 27,093
    HONEYWELL INTL 76,818 105,925
    HOULIHAN LOKEY INC 88,452 108,375
    HOWARD HUGHES CORPORATION 58,392 70,642
    HOYA CORP SPONS ADR 17,520 28,313
    HUMANA INC 21,648 25,437
    HUNTINGTON INGALLS INDUSTRIES 40,402 43,131
    ICON PLC - AMERICAN DEPOSITARY 25,683 31,197
    IDEXX CORP 18,899 26,993
    IHS MARKIT LTD 8,502 11,319
    ILLUMINA INC COM 7,977 8,880
    INDUSTRIA DE DISENO 19,979 22,360
    INSIGHT ENTERPRISES, INC 59,086 80,655
    INTERPUBLIC GROUP OF COS 94,678 114,190
    INTUIT 20,677 25,070
    INTUITIVE SURGICAL 4,488 5,727
    JP MORGAN CHASE 98,486 114,363
    JUST EAT TAKEAWAY COM NV 22,243 23,391
    KAO CORP 26,561 26,896
    KBC GROUP SA UNSP ADR 11,570 14,828
    KENNEDY WILSON HOLDINGS INC 71,267 74,333
    KONINKLIJKE PHILIPS ELECTRONIC 73,249 87,593
    L'OREAL ADR 27,770 38,151
    LEGRAND INC 27,907 32,519
    LINDE PLC COM 30,066 37,418
    LONDON STK EXCHANGE GROUP 33,698 46,671
    LOWES COMPANIES INC 32,083 38,362
    LVMH MOET HENN UNSP 20,834 31,806
    MANPOWER GROUP INC 41,435 50,501
    MARATHON PETROLEUM CORP 18,183 16,544
    MARKEL CORP 10,399 10,333
    MARVELL TECHNOLOGY GROUP LTD 16,293 19,967
    MASCO CORP 91,683 127,328
    MASIMO CORPORATION 1,331 1,342
    METLIFE INC 19,993 23,616
    MICRON TECHNOLOGY 41,346 61,572
    MICROSOFT CORP 49,714 65,169
    MONOLITHIC POWER SYSTEMS, INC 13,694 19,044
    MONOTARO CO., LTD 10,818 16,464
    MONSTER BEVERAGE CORP 7,554 9,433
    MOODYS CORP 7,553 8,127
    MORGAN STANLEY 19,793 28,714
    NESTLE S.A 84,125 102,839
    NEXTERA ENERGY, INC 16,631 22,219
    NIDEC CORPORATION ADR 14,183 23,965
    NIKE INC-CL B 15,436 17,118
    NINTENDO CO LTD ADR UNSPON 34,238 53,465
    NORDSON CP 10,631 11,253
    NORTHERN TRUST CORPORATION 62,491 63,149
    NOVARTIS AG ADR 32,776 35,317
    NOVO NORDISK A S 24,693 29,407
    NUTANIX INC 2,938 4,302
    NVENT ELECTRIC PLC 50,150 60,111
    NVIDIA CORP 9,858 15,144
    NXP SEMICONDUCTORS 6,026 7,632
    OCADO GROUP PLC 9,471 9,288
    OKTA INC 2,095 3,305
    OLD DOMINION FREIGHT LINES 2,879 3,123
    OMNICOM GROUP 65,944 58,316
    PACCAR INC 50,645 63,416
    PALO ALTO NETWORKS INC 8,115 12,794
    PENSKE AUTOMOTIVE GROUP, INC 29,012 40,504
    PEPSICO INC 41,650 53,981
    PHIBRO ANIMAL HEALTH CORP 25,987 22,411
    PHILIP MORRIS INTL 28,303 28,977
    PING AN INSURANCE GROUP ADR 25,083 29,523
    PLEXUS CORPORATION INC 60,879 65,305
    PPG INDUSTRIES INC 50,360 69,947
    PRIMERICA, INC 45,751 50,893
    PROGRESSIVE CORP OHIO 47,440 58,339
    PROS HOLDINGS INC 3,590 5,686
    QUALCOMM INC 26,193 42,046
    QUALYS INC COM 2,886 3,656
    QUEST DIAGNOSTICS 87,693 99,864
    QURATE RETAIL INC QVC GROUP 20,487 27,590
    RAYTHEON TECHNOLOGIES CORP 23,357 26,030
    RENTOKIL INITIAL PLC SPON ADR 23,012 29,690
    ROBERT HALF INTL INC 99,560 119,399
    ROCHE HOLDING LTD ADR 34,433 36,212
    ROPER INDUSTRIES 6,954 8,191
    RYDER SYSTEM 85,201 102,707
    SALESFORCE.COM 17,600 16,245
    SBA COMMUNICATIONS CORP 7,368 7,618
    SCHLUMBERGER LTD 60,487 34,382
    SERVICE NOW 17,076 19,815
    SHISEIDO CO LTD 22,888 26,542
    SHOPIFY INC 26,771 40,750
    SMITH & NEPHEW PLC ADR 57,113 63,424
    SMITH A O CORP DEL COM 23,777 30,809
    SOLAREDGE TECHNOLOGIES INC 13,258 21,381
    SONY CORP ADR 74,290 110,098
    SPLUNK INC 7,868 9,004
    SPOTIFY TECHNOLOGY SA 18,990 27,061
    SQUARE INC 8,425 10,664
    STARBUCKS CORP COM 11,047 13,907
    STONECO LTD 15,206 29,876
    TAIWAN SEMICONDUCTOR MFG CO LT 16,578 29,223
    TEAMVIEWER AG 29,606 36,658
    TECHNIPFMC PLC 13,543 14,288
    TELEFLEX INC 8,604 9,466
    TELEPERFORMANCE SA 20,290 27,951
    TEMENOS GROUP AG 20,788 20,393
    TENCENT HOLDINGS LIMITED 23,189 24,874
    TERADATA CORPORATION 28,873 23,054
    TEXAS INSTRUMENTS INC 6,528 8,371
    THERMO FISHER SCIENTIFIC INC 32,149 40,057
    THOMSON REUTERS CORPORATION 27,767 29,890
    TJX COMPANIES INC 59,882 78,192
    TOKYO ELECTRON LTD 20,210 32,476
    TRANSDIGM GRP INC 5,748 8,045
    TRIMAS CORPORATION 99,848 119,966
    TRINITY INDUSTRIES, INC 76,190 94,080
    TWILIO INC 1,828 3,385
    TYLER TECHNOLOGIES, INC 8,991 11,350
    UBER 6,107 8,670
    ULTA SALON, COSMETICS & FRAGRA 8,037 10,338
    UMICORE SA 21,885 20,908
    UNILEVER PLC AMER 78,985 85,409
    UNION PACIFIC 15,168 18,115
    UNITED PARCEL SERVICE 13,045 15,156
    UNITEDHEALTH GROUP INC 104,116 135,362
    VANGUARD GROWTH ETF 247,943 307,555
    VANGUARD MID-CAP VALUE INDEX 132,968 151,436
    VANGUARD VALUE ETF 204,733 228,998
    VEEVA SYSTEMS INC 4,942 5,717
    VERISK ANALYTICS, INC 23,759 31,969
    VERIZON COMMUNICATIONS 40,311 40,831
    VESTAS WIND SYS UNSP/ADR 15,290 20,574
    VISA INC 44,885 54,464
    VMWARE INC 8,296 8,416
    VULCAN MATERIALS CO 7,863 9,344
    WALT DISNEY HOLDINGS CO 9,930 14,494
    WASTE CONNECTIONS 6,964 6,975
    WELLS FARGO & CO 34,205 34,496
    WEST PHARMA SVCS INC 19,723 20,398
    WESTERN ASSET SMASH SERIES C F 342,988 359,330
    WESTERN ASSET SMASH SERIES EC 617,105 672,518
    WESTERN ASSET SMASH SERIES M F 477,028 490,020
    WHITE MTN INS LTD 39,997 45,030
    WILLIAMS COS 29,764 27,489
    WOODWARD INC 37,837 63,560
    WORKDAY INC 2,936 3,115
    WORLDLINE 19,577 21,120
    ZIONS BANCORP 82,370 105,994
    ZOETIS INC 13,313 16,054

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    Kalscheur Family Foundation
    EIN:
    39-6681490
    US Government Securities - End of Year Book Value:

    884,949
    US Government Securities - End of Year Fair Market Value:

    911,883
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2020 OtherExpensesSchedule
    Name:
    Kalscheur Family Foundation
    EIN:
    39-6681490
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 34,411     34,411
    Bank Charges 13 13    


    TY 2020 OtherIncreasesSchedule
    Name:
    Kalscheur Family Foundation
    EIN:
    39-6681490
    Description Amount
    RETURNED GRANT 4,000


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Kalscheur Family Foundation
    EIN:
    39-6681490
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 134,308 134,308    


    TY 2020 SubstantialContributorsSch
    Name:
    Kalscheur Family Foundation
    EIN:
    39-6681490
    Name Address
    Kalscheur Steven J 3701 County Rd J
    Cross Plains,WI53528
    ZANDER REVOCABLE TRUST DATED JUL 24 33 East Main Street Suite 500
    Madison,WI53703


    TY 2020 TaxesSchedule
    Name:
    Kalscheur Family Foundation
    EIN:
    39-6681490
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2020 3,300      
    Foreign Tax Paid 813 813