TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2020

Open to Public Inspection

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

Name of foundation
THE PATRICE K AARON FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)555 BRIARWOOD CIR STE 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
ANN ARBOR, MI48108

A Employer identification number

30-0001664

B Telephone number (see instructions)

(734) 222-4757

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

$4,996,361J 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	(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	13,574		13,574
4	Dividends and interest from securities...	41,738		41,738
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		351,735
b	Gross sales price for all assets on line 6a 2,239,878
7	Capital gain net income (from Part IV, line 2)...			351,735
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).......		4,808	4,808
12	Total. Add lines 1 through 11........	411,855		411,855
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		4,872	2,436	2,436
b	Accounting fees (attach schedule).......		4,912	2,456	2,456
c	Other professional fees (attach schedule)....		30,595	26,005	4,590
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		7,417	1,117	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........	59		30	29
23	Other expenses (attach schedule).......		50	0	50
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	47,905		32,044	9,561
25	Contributions, gifts, grants paid.......	430,000			430,000
26	Total expenses and disbursements. Add lines 24 and 25	477,905		32,044	439,561
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-66,050
b	Net investment income (if negative, enter -0-)			379,811
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	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.........	32,902	78,082	78,082
	3	Accounts receivable
		Less: allowance for doubtful accounts
	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
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	1,180,618	1,369,773	1,372,452
	b	Investments—corporate stock (attach schedule).......	2,313,553	2,161,776	3,292,525
	c	Investments—corporate bonds (attach schedule).......	392,301	243,693	253,302
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,919,374	3,853,324	4,996,361
	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	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........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	3,919,374	3,853,324
	29	Total net assets or fund balances (see instructions).....	3,919,374	3,853,324
	30	Total liabilities and net assets/fund balances (see instructions).	3,919,374	3,853,324

Part III

Analysis of Changes in Net Assets or Fund Balances

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

3,919,374

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

-66,050

Other increases not included in line 2 (itemize) bullet

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

3,853,324

Decreases not included in line 2 (itemize) bullet

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

3,853,324

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
1 a	PUBLICLY TRADED SECURITIES 4008	P
b	PUBLICLY TRADED SECURITIES 4008	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	725,348	674,219	51,129
b	1,514,530	1,213,924	300,606
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			51,129
b			300,606
c
d
e

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	351,735
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	5,279
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	5,279
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	5,279
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	5,454
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	6,000
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	11,454
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	6,175
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax6,175	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

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

N/A

The books are in care of bullet

REHMANN ROBSON LLC Telephone no. bullet

(734) 761-2005

Located at bullet

555 BRIARWOOD CIRCLE STE 300ANN ARBORMI ZIP+4 bullet

48108

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
PATRICE K AARON	PRESIDENT 0.25	0	0	0
555 BRIARWOOD CIRCLE STE 300 ANN ARBOR,MI48108	PRESIDENT 0.25	0	0	0
NICOLE F AARON	VICE-PRESIDENT 0.25	0	0	0
555 BRIARWOOD CIRCLE STE 300 ANN ARBOR,MI48108	VICE-PRESIDENT 0.25	0	0	0
AMIEL J AARON	VICE-PRESIDENT 0.25	0	0	0
555 BRIARWOOD CIRCLE STE 300 ANN ARBOR,MI48108	VICE-PRESIDENT 0.25	0	0	0
BRYAN AARON	VICE-PRESIDENT 0.25	0	0	0
555 BRIARWOOD CIRCLE STE 300 ANN ARBOR,MI48108	VICE-PRESIDENT 0.25	0	0	0

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


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









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

Form 990-PF (2020)

Page 7

Part VIII

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

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2020)

Page 8

Part X

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

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

purposes:

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

4,393,312

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

194,210

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

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

4,587,522

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

4,587,522

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

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

68,813

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

4,518,709

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

225,935

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

225,935

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

5,279

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

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

5,279

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

220,656

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

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

220,656

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

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

220,656

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 ..........

439,561

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

439,561

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

439,561

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					220,656
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				134,743
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......
d From 2018......
e From 2019......
fTotal of lines 3a through e........		0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 439,561
a Applied to 2019, but not more than line 2a				134,743
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.....					220,656
e Remaining amount distributed out of corpus		84,162
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		84,162
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		84,162
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....	84,162

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
ACLU FOUNDATION 2966 WOODWARD AVE DETROIT,MI48201		501(C)(3)	SUPPORT FOR ORGANIZATIONAL ACTIVITIES	50,000
ALLIED MEDIA PROJECTS 4126 3RD AVE DETROIT,MI48201		501(C)(3)	SUPPORT FOR ORGANIZATIONAL ACTIVITIES	100,000
ECOLOGY CENTER INC 339 E LIBERTY ST STE 300 ANN ARBOR,MI48104		501(C)(3)	SUPPORT FOR ORGANIZATIONAL ACTIVITIES	35,000
GROWING HOPE 922 W MICHIGAN AVE YPSILANTI,MI48197		501(C)(3)	SUPPORT FOR ORGANIZATIONAL ACTIVITIES	35,000
INSIDE OUT LITERARY ARTS 5143 CASS AVE STE 225 DETROIT,MI48202		501(C)(3)	SUPPORT FOR ORGANIZATIONAL ACTIVITIES	65,000
SOULARDARITY 12511 WOODWARD AVE HIGHLAND PARK,MI48203		501(C)(3)	SUPPORT FOR ORGANIZATIONAL ACTIVITIES	10,000
DETROIT COMMUNITY WEALTH FUND 4444 2ND AVE DETROIT,MI48201		501(C)(3)	SUPPORT FOR ORGANIZATIONAL ACTIVITIES	50,000
GIRLS GROUP 1100 NORTH MAIN 101 ANN ARBOR,MI48104		501(C)(3)	SUPPORT FOR ORGANIZATIONAL ACTIVITIES	60,000
NATIONAL COALITION FOR COMMUNITY CAPITAL 60 PROCTOR AVE SOUTH BURLINGTON,VT05403		501(C)(3)	SUPPORT FOR ORGANIZATIONAL ACTIVITIES	25,000
Total ................................. 3a				430,000

bApproved for future payment

Total ................................. 3b				0

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 ...........			14	13,574
4 Dividends and interest from securities....			14	41,738
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.....			14	4,808
8 Gain or (loss) from sales of assets other than inventory ............			18	351,735
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)..		0		411,855	0

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

411,855

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2020)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

THE PATRICE K AARON FAMILY FOUNDATION

EIN:

30-0001664

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	4,912	2,456		2,456

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

THE PATRICE K AARON FAMILY FOUNDATION

EIN:

30-0001664

Name of Bond	End of Year Book Value	End of Year Fair Market Value
MORGAN STANLEY GLB 0.0275 MAY 19 2022	23,099	23,753
MORGAN STANLEY ORIGINAL UNIT/TOTAL COST: 103.8800/2,077.60	2,058	2,065
WELLS FARGO & COMPANY SER MTN 0.02625 JUL 22 2022	12,155	12,421
WELLS FARGO & COMPANY ORIGINAL UNIT/TOTAL COST: 104.2710/1,042.71	1,033	1,035
ABBVIE INC GLB 0.029 NOV 6 2022	24,528	26,152
GOLDMANSACHSGROUPINC GLB 0.03625 JAN 22 2023	20,715	22,410
GOLDMANSACHSGROUPINC ORIGINAL UNIT/TOTAL COST: 98.5570/1,971. 14	1,971	2,134
GOLDMANSACHSGROUPINC ORIGINAL UNIT/TOTAL COST: 107 1430/1,071.43	1,058	1,067
JPMORGAN CHASE & CO GLB VAR%APR 1 2023	23,115	23,835
JPMORGAN CHASE & CO ORIGINAL UNIT/TOTAL COST: 104.1900/2,083.80	2,069	2,073
CITIGROUP INC GLB VAR%JUL 24 2023	11,134	11,427
CITIGROUP INC ORIGINAL UNIT/TOTAL COST: 104.2710/1,042.71	1,036	1,039
DOWDUPONT INC GLB 0.04205 NOV 15 2023	21,121	23,168
DOWDUPONT INC ORIGINAL UNIT/TOTAL COST: 102.3810/2,047.62	2,029	2,206
DOWDUPONT INC ORIGINAL UNIT/TOTAL COST: 109.8690/2,197.38	2,169	2,206
FISERV INC GLB 02.750%JUL 1 2024	23,336	24,697
FISERV INC ORIGINAL UNIT/TOTAL COST: 106.8690/2,137.38	2,121	2,148
MORGAN STANLEY SER GMTN GLB 3 7 OCT 23 2024	28,857	28,933
ANHEUSER-BUSCH INBEV WOR COMPANY GUARNT GLB 04.150%JAN 23 2025	13,553	13,664
QRACLECORP GLB 0.025 APR 1	26,536	26,869

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

THE PATRICE K AARON FAMILY FOUNDATION

EIN:

30-0001664

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ADOBE INC	4,978	15,004
ALIBABA GROUP HOLDING LT	5,968	8,146
ALLY FINL INC	38,489	56,735
ALPHABET INC SHS CLC	49,888	126,135
ALPHABET INC SHS CLA	60,494	145,469
AMAZON COM INC COM	20,481	48,854
ANALOG DEVICES INC COM	6,411	8,273
APPLE INC	10,720	18,444
APPLIED MATERIAL INC	52,851	68,263
ASML HLDG NV NY REG SHS	6,140	14,632
ASTRAZENECA PLC SPND ADR	3,919	4,499
AUTODESK INC DEL PV$0.01	6,195	7,939
AVERY DENNISON CORP	22,419	45,292
AXALTA COATING SYSTEMS	34,106	43,596
BANCO DO BRASIL SA-SPON	23,976	19,370
BIOGEN INC	35,982	29,138
BOSTON SCIENTIFIC CORP	6,602	7,334
BURBERRY GROP PLC-SP ADR	8,498	9,971
CADENCE DESIGN SYS INC	5,775	13,234
CANADIAN NATL RAILWAY CO	12,084	15,049
CATALENT INC SHS	2,192	2,706
CBRE GROUP INC	31,285	39,639
CELLNEX TELECOM SAU-UNSP	15,062	15,528
CISCO SYSTEMS INC COM	67,673	99,300
CITIZENS FINL GROUP INC	20,031	20,920
COCA COLA COM	69,539	73,157
COGNIZANT TECH SOLUTNS A	75,176	95,636
COMERICA INC COM	19,863	15,250
COSTAR GROUP INC COM	4,913	12,016
COUPA SOFTWARE INC	2,886	3,389
DOMINOS PIZZA INC	1,934	2,684
DOMTAR CORP SHS	34,086	23,959
FACEBOOK INC	117,429	152,696
FANUC LTD-UNSP	13,772	24,690
FERRARI NV	1,529	2,295
FIDELITY NATL INFO SVCS	6,093	6,083
FORTIVE CORP	47,955	58,002
GENERAL MILLS	37,041	41,219
GRUPO FIN BANORTE-SPON	8,118	12,832
HEXAGON AB ADR	7,447	13,960
HUMANA INC	34,852	57,438
L LNFINEON TECHS AG SPDADR	12,435	20,971
INTERCONTINENTAL	44,315	45,194
INTESA SANPAOLO SPON ADR	22,426	19,598
INTUIT INC COM	8,509	15,574
INTUITIVE SURGICAL INC	4,273	6,545
KELLOGG CO	48,317	47,544
KEYSIGHT TECHNOLOGIES	4,238	5,548
LOREALCO ADR	23,182	23,454
LABORATORY CP AMER HLDGS	54,327	82,031
LINDE PLC REG SHS	2,526	2,635
LOWE'S COMPANIES INC	43,593	85,873
LVMH MOET HENNESSY ADR	1,615	2,619
MARVELL TECHNOLOGY GROUP	11,974	14,785
MASTERCARD INC	23,461	36,408
MERCADOLIBRE INC	3,228	15,077
MERCK AND CO INC SHS	46,495	59,469
MICROSOFT CORP	86,315	342,304
MONDELEZ INTERNATIONAL	10,573	11,285
NETFLIX COM INC	5,513	16,222
NIKE INC CL B	6,241	11,035
NORFOLK SOUTHERN CORP	31,460	50,136
NVIDIA	4,397	4,700
OTIS WORLDWIDE CORP REG	11,541	13,915
PAYPAL HOLDINGS INC SHS	13,632	29,041
PROCTER & GAMBLE CO	6,873	10,714
PROLOGIS INC	1,981	2,193
PVH CORP	42,292	43,753
QUANTA SERVICES INC	30,113	76,125
RECRUIT HOLDINGS CO.LTD.	27,873	35,717
REGIONS FINL CORP	14,698	15,217
RINGCENTRAL INC	6,013	7,958
ROBERTHALF INTL INC COM	32,691	39,237
ROCHE HLDG LTD SPN ADR	19,880	24,244
ROPER TECHNOLOGIES INC	4,743	6,466
ROYAL DSM NV SPON ADR	11,293	19,540
RYANAIR HOLDINGS PLC SHS	10,998	13,748
S&P GLOBAL INC	7,322	12,163
SBA COMMUNICATIONS CORP	4,436	7,618
SBERBANK SPONSORED ADR	14,033	17,096
SCHNEIDER ELEC SE ADR	9,976	13,114
SERVICENOW INC	7,723	20,366
SHERWIN WILLIAMS	4,026	7,349
SHOPIFY INC CL A	1,588	5,660
SNAP INC CL A	6,911	14,570
SONY CORP ADR NEW	14,788	32,049
TEXAS INSTRUMENTS	50,862	77,798
TJX COS INC NEW	4,644	6,146
TRANSUNION	4,250	5,854
TRUIST FINL CORP	20,331	18,980
UBISOFT ENTERTAINMENT	9,953	14,110
UNILEVER PLC NEW ADR	24,603	30,663
UNITEDHEALTH GROUP INC	7,554	10,871
VF CORPORATION	26,660	42,107
VERIZON COMMUNICATNS COM	17,524	18,036
VISA INC CL A SHRS	117,266	146,549
VODAFONE GROUP PLC SHS	17,484	17,831
VOLVO AB-A SHS-UNSPON	7,158	10,531
WIX COM LTD	5,257	5,248
WUXI BIOLOGICS CAYMAN	3,734	13,891
ZOETIS INC	4,807	8,274

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

THE PATRICE K AARON FAMILY FOUNDATION

EIN:

30-0001664

US Government Securities - End of Year Book Value:

1,369,773

US Government Securities - End of Year Fair Market Value:

1,372,452

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

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

- TIN:

TY 2020 LegalFeesSchedule

Name:

THE PATRICE K AARON FAMILY FOUNDATION

EIN:

30-0001664

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	4,872	2,436		2,436

- TIN:

TY 2020 OtherExpensesSchedule

Name:

THE PATRICE K AARON FAMILY FOUNDATION

EIN:

30-0001664

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BANK FEES	50	0		50

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

THE PATRICE K AARON FAMILY FOUNDATION

EIN:

30-0001664

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
CVS TENDER	390	390	390
MISCELLANEOUS INCOME	4,418	4,418	4,418

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

THE PATRICE K AARON FAMILY FOUNDATION

EIN:

30-0001664

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ADVISORY FEES	12,472	10,601		1,871
MANAGEMENT FEES	18,123	15,404		2,719

- TIN:

TY 2020 TaxesSchedule

Name:

THE PATRICE K AARON FAMILY FOUNDATION

EIN:

30-0001664

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES PAID	1,117	1,117		0
EXCISE TAX PAYMENTS	6,300	0		0