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
B Quest

Number and street (or P.O. box number if mail is not delivered to street address)2405 Bancroft St
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
San Diego, CA92104

A Employer identification number

47-5550417

B Telephone number (see instructions)

(619) 301-3132

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

$29,903,247J 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)	1,212,591
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	360,519		356,302
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,293,337
b	Gross sales price for all assets on line 6a 10,237,094
7	Capital gain net income (from Part IV, line 2)...			1,293,337
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).......		24,944	0
12	Total. Add lines 1 through 11........	2,891,391		1,649,639
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).........
b	Accounting fees (attach schedule).......		30,726	9,218	21,508
c	Other professional fees (attach schedule)....		229,059	120,659	108,400
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		10	0	10
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		1,341	0	1,341
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	261,136		129,877	131,259
25	Contributions, gifts, grants paid.......	3,127,199			3,127,199
26	Total expenses and disbursements. Add lines 24 and 25	3,388,335		129,877	3,258,458
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-496,944
b	Net investment income (if negative, enter -0-)			1,519,762
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.............	191,794	304,053	304,053
	2	Savings and temporary cash investments.........	4,727,206	765,571	765,571
	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) 3,158,698
		Less: allowance for doubtful accounts 0	300,000	3,158,698	3,158,698
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	0	1,257,756	1,304,541
	b	Investments—corporate stock (attach schedule).......	11,186,273	10,341,930	20,423,682
	c	Investments—corporate bonds (attach schedule).......	3,724,483	3,804,804	3,946,702
	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)	20,129,756	19,632,812	29,903,247
	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...........	20,129,756	19,632,812
	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........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	20,129,756	19,632,812
	30	Total liabilities and net assets/fund balances (see instructions).	20,129,756	19,632,812

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

20,129,756

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

-496,944

Other increases not included in line 2 (itemize) bullet

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

19,632,812

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 .

19,632,812

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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Publicly Traded Investments	2020-05-07	2020-11-18
b	Publicly Traded Investments	2018-03-15	2020-03-12
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	3,583,747	3,575,088	8,659
b	6,653,347	5,368,669	1,284,678
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			8,659
b			1,284,678
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	1,293,337
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	21,125
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	21,125
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	21,125
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	29,455
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	10,000
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	39,455
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	71
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	18,259
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax18,259	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

Kara Ballester Telephone no. bullet

(619) 301-3132

Located at bullet

2405 Bancroft StSan DiegoCA ZIP+4 bullet

92104

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
Kara Ballester	President 25.00	0	0	0
2405 Bancroft St San Diego,CA92104	President 25.00	0	0	0
Andrew Ballester	Treasurer/Secretary 5.00	0	0	0
2405 Bancroft St San Diego,CA92104	Treasurer/Secretary 5.00	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
US Trust Bank of America Private Wealth Mgmt	Financial Advisor	120,659
PO Box 830269 Dallas,TX75283	Financial Advisor	120,659

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	A low-interest loan was given to San Diego Community Power (SDCP), to provide working capital for SDCP. SDCP is a Community Choice Aggregation (CCA) program, one of dozens that have formed across California state through the past 10 years. This loan was given in order to help San Diego to reach their 100% clean power goal on time.	2,000,000
2	The organization gave a low-interest loan to Vista Community Clinic (VCC), a 501(c)(3) organization. This loan was given so that VCC could build a solar installation.	559,624
All other program-related investments. See instructions.
3		299,073

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

2,858,697

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

23,369,566

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

189,143

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

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

23,558,709

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

23,558,709

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

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

353,381

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

23,205,328

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

1,160,266

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

1,160,266

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

21,125

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

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

21,125

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

1,139,141

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

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

1,139,141

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

16,210

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

1,122,931

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 ..........

3,258,458

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

2,858,697

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

6,117,155

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

6,117,155

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					1,122,931
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				771,139
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: $ 6,117,155
a Applied to 2019, but not more than line 2a				771,139
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2020 distributable amount.....					1,122,931
e Remaining amount distributed out of corpus		4,223,085
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		4,223,085
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 ......		4,223,085
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....	4,223,085

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).)

Kara Ballester

Andrew Ballester

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
Biodiversity Funders Group PO Box 29361 San Francisco,CA94129	N/A	PC	accelerate clean energy solutions to the climate crisis	1,180
Campanile Foundation 5500 Campanile Dr San Diego,CA92182	N/A	PC	Support for San Diego State University's ZIP Launchpad: an on campus incubator helping students, faculty, and staff launch a startup from their early stage idea.	25,000
Charity Global 40 Worth Street Suite 330 New York,NY10013	N/A	PC	Providing clean and safe drinking water to developing nations.	40,000
Climate Action Campaign 3900 Cleveland Ave Ste 208 San Diego,CA92103	N/A	PC	stopping the climate crisis through advocacy and policy action in San Diego and Orange County.	221,355
Grid Alternatives 1171 Ocean Avenue No 200 Oakland,CA94608	N/A	PC	Building community-powered solutions to advance economic and environmental justice through renewable energy.	60,000
Inside Climate News 16 Court Street Suite 2307 Brooklyn,NY11241	N/A	PC	news organization dedicated to covering climate change, energy and the environment	2,557
Institute for Governance & Sustainable Development 2300 Wisconsin Ave NW Suite 300B Washington DC,DC20007	N/A	PC	Promoting just and Sustainable Societies	400,000
San Diego Grantwriters 5060 Shoreham Pl San Diego,CA92122	N/A	PC	connect, educate, develop and inspire organized philanthropy	807,500
Sierra Club Foundation 2101 Webster St no 1250 Oakland,CA94612	N/A	NC	Protect and improve the natural and human environment	25,000
The Children's Initiative 3625 Ruffin Rd Ste 100 San Diego,CA92123	N/A	PC	Improving San Diego's juvenile justice system by concentrating our resources and efforts in prevention and early intervention while providing therapeutic services to those most in need.	135,000
US Climate Plan 50 F Street NW Eighth Floor Washington DC,DC20001	N/A	PC	Fight Climate change in a just and equitable way	5,000
Vista Community Clinic 1000 Vale Terrace Drive Vista,CA92084	N/A	PC	Grant towards a solar installation supporting VCC which serves the community through advancing community health and hope by providing access to premier health services and education for those who need it most.	358,734
Charities Aid Foundation 225 Reinekers Lane Suite 375 Alexandria,VA22314	N/A	PC	Make giving internationally and domestically safe, easy, and effective for US donors.	5,000
The San Diego Foundation 2508 Historic Decatur Rd Ste 200 San Diego,CA92106	N/A	PC	San Diego Small Business Relief Fund	50,000
Data Science Alliance 11512 El Camino Real San Diego,CA92130	N/A	PC	Conneting people and data to solve problems	25,000
UC San Diego Foundation 9500 Gilman Drive MC 0940 La Jolla,CA92093	N/A	PC	Supporting a lab researching solar materials at UCSD.	25,000
MAAC 1355 Third Avenue Chula Vista,CA91911	N/A	PC	support clean energy and educational programs that serve MAAC's mission of maximizing self-sufficiency for families and individuals through high-quality programs and advocacy in our communities.	315,644
CDP North America Inc 127 W 26th Street Suite 300 New York,NY10001	N/A	PC	Build a truly sustainable economy by measuring and understanding their environmental impact.	150,000
211 San Diego PO Box 420039 San Diego,CA92142	N/A	PC	Provide vital data and trend information for proactive community planning.	50,000
South Bay Community Services 430 F Street Chula Vista,CA91910	N/A	PC	Support the well-being and prosperity of children, youth, and families.	170,805
Centro Parroquial De Ayunda Social PO Box 2132 Aibonito,PR00705	N/A	PC	Charity and social services	22,116
Casa Familiar Inc 119 W Hall Avenue San Ysidro,CA92173	N/A	PC	Enhancing the quality of life through education, advocacy, service programming, affordable housing and community economic development.	22,835
University of Illinois 1305 W Green St Urbana,IL61801	N/A	PC	Encouraging and administering private gifts made to further the University of Illinois's mission	50,000
The Well 1619 E 8th St PO Box 7708 Odessa,TX79760	N/A	PC	Providing clean and safe drinking water to developing nations.	60,000
Natural Resources Defense 40 West 20th Street New York,NY10011	N/A	PC	Safeguard the earthits people, its plants and animals, and the natural systems on which all life depends	25,000
CollectiveSun Foundation Inc 3295 Meade Ave San Diego,CA92116	N/A	PC	Access to clean renewable energy	74,473
Total ................................. 3a				3,127,199

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 ...........
4 Dividends and interest from securities....			14	360,519
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	1,293,337
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aClass action suit			01		323
bTax refund			01		24,621
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		1,653,856	24,944

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

1,678,800

(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.)
11	Tax Refund
11	Class Action Suit

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:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Name of the organization

B Quest

Employer identification number

47-5550417

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

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

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... 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 B Quest

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	Andrew and Kara Ballester 2405 Bancroft St San Diego, CA92104	$ 1,212,591	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (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 B Quest		Employer identification number 47-5550417

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
1	CMS ENERGY CORP STOCK	$ 21,723	2020-01-15
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	CONOCOPHILLIPS STOCK	$ 146,370	2020-01-15
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	DIAMONDBACK ENERGY INC STOCK	$ 5,932	2020-01-15
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	ECOLAB INC STOCK	$ 190,720	2020-01-15
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	EVERSOURCE ENERGY STOCK	$ 76,235	2020-01-15
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	PHILLIPS 66 STOCK	$ 91,593	2020-01-15
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Name of organization B Quest		Employer identification number 47-5550417
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
1	ECOLAB INC STOCK	$ 347,861	2020-02-14
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	MICROSOFT CORP STOCK	$ 2,330,544	2020-12-23
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	TESLA MTRS STOCK	$ 662,752	2020-12-23
(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 B Quest			Employer identification number 47-5550417
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.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose 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

(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

(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

(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:

- TIN:

TY 2020 AccountingFeesSchedule

Name:

B Quest

EIN:

47-5550417

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Accounting Fees	30,726	9,218		21,508

- TIN:

TY 2020 AllOthProgRltdInvestmentsSch

Name:

B Quest

EIN:

47-5550417

Category	Amount
The organization gave a low-interest loan to both South Bay Community Service (SBCS) and Casa Familiar (CF). Both SBCS and CF are 501(c)(3) organizations. These loans were given so that SBCS and CF could each build a solar installation.	299,073

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

B Quest

EIN:

47-5550417

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMERICAN INTL GROUP INC UNSECD SR NT CALL 02/01/21 @100 DTD 02/26/16 3.300%	75,565	75,158
AMERICAN TOWER CORP NEW UNSECD SR NT C4/15/27 @100 DTD 06/30/17 3.550% DUE 0	49,981	56,542
AT&T INC SR UNSECD NT CALL 04/30/22 @100 DTD 05/04/15 3.000% DUE 06/30/22	87,491	87,970
BANK MONTREAL UNSECD MEDIUM TERM SR NT CANADA DTD 06/28/19 2.500% DUE 06/28/	75,674	79,939
BANK NEW YORK INC UNSECD MEDIUM TERM SR NT SER G C1/24/25 @100 DTD 02/24/15	75,182	82,323
BANK NOVA SCOTIA B C UNSECD SR NT CANADA DTD 02/11/19 3.400% DUE 02/11/24	130,981	136,021
CAPITAL ONE MULTI-ASSET EXECUTION TR 2019-2 NT CL A2 DTD 09/05/19 1.720% DUE	101,168	102,427
CARMAX AUTO OWNER TR 2016-4 ASSET BACKED NT CL A-4 DTD 10/26/16 1.600% DUE 0	29,838	30,312
CITIGROUP INC UNSECD SR NT CALL 01/10/27 @100 DTD 01/10/17 3.887% DUE 01/10/	53,887	57,304
COMCAST CORP NEW SR UNSECD NT CALL 03/15/14 @100 DTD 10/05/18 3.700% DUE 04/	91,912	93,518
COMCAST CORP NEW UNSECD SR NT CALL 07/15/28 @100 DTD 10/05/18 4.150% DUE 10/	58,250	60,189
CVS HEALTH CORP UNSECD SR PIDI NT CALL 12/25/27 @100 DTD 03/09/18 4.300% DUE	65,374	71,398
FEDERAL HOME LN MTG CORP POOL #C91778 DTD 07/01/14 3.500% DUE 08/01/34	45,011	46,070
FEDERAL HOME LN MTG CORP POOL #G16210 DTD 06/01/17 3.500% DUE 06/01/32	59,905	63,387
FEDERAL HOME LN MTG CORP POOL #G16447 DTD 02/01/18 3.500% DUE 09/01/32	44,789	47,095
FEDERAL HOME LN MTG CORP POOL #QN3041 DTD 08/01/20 2.000% DUE 08/01/35	194,457	195,279
FEDERAL HOME LN MTG CORP POOL #RA2317 DTD 02/01/20 3.000% DUE 03/01/50	165,929	164,789
FEDERAL NATL MTG ASSN POOL #AL5063 DTD 03/01/14 4.500% DUE 04/01/34	42,529	43,109
FEDERAL NATL MTG ASSN POOL #AL9875 DTD 02/01/17 4.000% DUE 11/01/45	56,974	59,960
FEDERAL NATL MTG ASSN POOL #AS2700 DTD 05/01/14 4.000% DUE 06/01/44	50,084	52,751
FEDERAL NATL MTG ASSN POOL #AS6640 DTD 01/01/16 3.500% DUE 02/01/46	56,438	59,646
FEDERAL NATL MTG ASSN POOL #BC4777 DTD 10/01/16 2.500% DUE 10/01/31	169,291	169,396
FEDERAL NATL MTG ASSN POOL #BM1880 DTD 10/01/17 4.000% DUE 02/01/45	92,557	100,525
FEDERAL NATL MTG ASSN POOL #BN7756 DTD 09/01/19 3.000% DUE 09/01/49	170,255	171,564
FEDERAL NATL MTG ASSN POOL #FM1155 DTD 06/01/19 2.500% DUE 06/01/32	163,949	164,116
FEDERAL NATL MTG ASSN POOL #FM1662 DTD 10/01/19 3.000% DUE 05/01/33	102,081	104,612
FEDERAL NATL MTG ASSN POOL #FM3037 DTD 04/01/20 3.000% DUE 08/01/38	149,029	148,112
FEDERAL NATL MTG ASSN POOL #MA3729 DTD 06/01/19 2.500% DUE 07/01/34	76,908	79,582
JPMBB COML MTG SECS TR SER 2014-C26 CL A4 DTD 12/01/14 3.494% DUE 01/15/48	105,038	109,944
JPMORGAN CHASE & CO SR UNSECD NT CALL 10/23/24 @100 DTD 01/23/15 3.125% DUE	127,311	136,908
METLIFE INC SR UNSECD NT CALL 8/13/25 @100 DTD 11/13/15 3.600% DUE 11/13/25	75,679	84,911
ORACLE CORP SR UNSECD NT CALL 2/15/25 @100 DTD 05/05/15 2.950% DUE 05/15/25	74,757	82,370
PNC BK N A PITTSBURGH PA UNSECD MEDIUM TERM SR BK C3/1/15 @100 DTD 06/01/15	76,788	83,281
REGIONS FINL CORP NEW SR UNSED NT C7/14/23 @100 DTD 08/13/18 3.800% DUE 08/1	51,267	54,240
ROYAL BK CDA SR UNSECD GBL MEDIUM TERM SR BK NT CANADA DTD 10/05/18 3.700% D	137,519	136,290
SHIRE ACQUISITIONS INVTS IRELAND UNSECD SR GBL NT IRELAND CALL DTD 09/23/16	13,646	14,183
TEXAS INSTRS INC UNSECD SR NT CALL 4/15/22 @100 DTD 05/06/16 1.850% DUE 05/1	71,355	76,504
UNION PAC CORP SR UNSECD NT CALL 12/01/25 @100 DTD 03/01/16 2.750% DUE 03/01	75,109	82,014
UNITEDHEALTH GROUP INC UNSECD SR NT DTD 06/19/18 3.150% DUE 06/15/21	75,059	75,941
VERIZON COMMUNICATIONS INC UNSECD SR NT DTD 06/21/18 4.329% DUE 09/21/28	113,412	120,423
VERIZON OWNER TR 2019-B NT CL A-1A DTD 06/12/19 2.330% DUE 12/20/23	101,031	101,979
WELLS FARGO & CO NEW SR UNSECD GBL NT DTD 04/22/16 3.000% DUE 04/22/26	71,274	82,545
WORLD OMNI AUTOMOBILE LSE SECURITIZATION TR 2020-A ASSET DTD 02/12/20 1.700%	100,070	102,075

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

B Quest

EIN:

47-5550417

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABS COM	37,919	89,015
ABBVIE INC COM	45,789	50,896
ACADIA RLTY TR COM SH BEN INT	11,652	6,201
ACCENTURE PLC CL A COM IRELAND	37,024	61,123
ACCENTURE PLC CL A COM IRELAND	34,479	80,191
ADOBE INC COM	147,402	317,576
ADVANCED AUTO PTS INC COM	39,015	38,747
AGILENT TECHNOLOGIES INC COM	25,030	65,643
AIR PRODS & CHEMS INC COM	85,176	85,791
AKAMAI TECHNOLOGIES INC COM	20,918	41,786
ALCON INC COM SWITZERLAND	22,968	27,646
ALEXANDRIA REAL ESTATE EQ INC COM	39,636	41,703
ALEXION PHARMACEUTICALS INC COM	38,270	49,684
ALPHABET INC CL C COM	312,786	623,669
AMAZON COM INC COM	76,636	257,297
AMERICAN EXPRESS CO COM	45,900	51,991
AMERICAN TOWER CORP COM	200,278	282,820
AMERICAN WTR WKS CO INC NEW COM	62,318	114,182
AMGEN INC COM	86,426	106,683
AMPHENOL CORP NEW CL A	169,386	245,586
ANTHEM INC COM	30,851	38,852
AON PLC COM ISIN IE00BLP1HW54 IRELAND	72,646	100,353
APPLE INC COM	115,069	529,035
APPLIED MATLS INC COM	17,223	64,552
APTIV PLC COM JERSEY	45,283	73,484
ASML HOLDINGS NV ADR ISIN USN070592100 NETHERLANDS	23,108	30,239
ATLASSIAN CORP PLC COM CL A UNITED KINGDOM	15,400	18,008
AUTODESK INC COM	14,132	15,572
AVERY DENNISON CORP COM	27,765	45,137
BALL CORP COM	33,289	78,923
BECTON DICKINSON & CO COM	13,188	14,012
BEST BUY INC COM	18,485	29,338
BIOMARIN PHARMACEUTICAL INC COM	25,301	25,342
BJS RESTAURANTS INC COM	8,599	8,699
BJS WHSL CLUB HLDGS INC COM	8,190	13,682
BLACKBAUD INC COM	16,552	12,145
BLACKROCK INC CL A	45,032	64,217
BORG WARNER INC COM	11,736	9,776
BRIGHT HORIZONS FAMILY SOLUTIONS INC DEL COM	7,998	12,801
BURLINGTON STORES INC COM	15,672	24,847
CAMDEN PPTY TR COM REITS	9,961	11,391
CARTER HLDGS INC COM	7,199	7,808
CBRE GROUP INC CL A COM	32,050	52,685
CHECK POINT SOFTWARE TECH LTD ORD ISRAEL	36,696	48,246
CHURCH & DWIGHT INC COM	6,191	11,514
CIGNA CORP NEW COM	33,592	46,216
CISCO SYS INC COM	50,457	61,755
CITIGROUP INC NEW COM	120,684	135,775
CLOROX CO COM	19,282	29,076
COLGATE PALMOLIVE CO COM	38,567	48,228
COMCAST CORP NEW CL A COM	87,012	126,284
CORESITE RLTY CORP REIT	13,084	14,532
COSTCO WHSL CORP NEW COM	94,937	142,046
CREE INC COM	14,340	29,652
CROWN CASTLE INTL CORP REITS	71,734	104,588
CUMMINS INC COM	15,593	22,256
CVS HEALTH CORP COM	81,161	76,018
DANAHER CORP DEL COM	125,096	362,755
DECKERS OUTDOOR CORP COM	4,926	22,082
DEERE & CO COM	39,197	65,648
DISNEY WALT CO COM DISNEY	93,088	161,250
DOLLAR GEN CORP NEW COM	117,177	336,690
DOVER CORP COM	19,133	26,386
EAST WEST BANCORP INC COM	17,893	20,183
EASTGROUP PPTY INC COM	10,630	12,978
EATON CORP PLC COM IRELAND	31,125	54,664
EBAY INC COM	42,567	58,994
EDWARDS LIFESCIENCES CORP COM	17,646	29,832
ELECTRONIC ARTS INC COM	36,725	67,779
EMERSON ELEC CO COM	44,124	51,115
EQUINIX INC REITS	55,908	94,986
ESSENTIAL UTILS INC COM	6,173	8,843
ETSY INC COM	11,976	44,655
EXPEDITORS INTL WASHINGTON INC COM	14,998	19,498
FACEBOOK INC CL A COM	157,883	268,789
FIDELITY NATL INFORMATION SVCS INC COM	190,934	228,175
FIRST SOLAR INC COM	5,114	11,771
FISERV INC COM	169,368	255,730
GARTNER GROUP INC NEW CL A	109,528	149,137
GENERAL MLS INC COM	31,620	36,926
GILEAD SCIENCES INC COM	33,336	29,654
GRAINGER W W INC COM	40,114	71,868
HANESBRANDS INC COM	10,547	9,594
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAP INC COM	15,341	24,167
HANOVER INS GROUP INC COM	13,988	16,720
HASBRO INC COM	17,095	16,837
HERSHEY CO COM	11,909	15,690
HEXCEL CORP NEW COM	14,036	12,656
HOLOGIC INC COM	5,796	11,434
HOME DEPOT INC COM	69,519	127,763
HONEYWELL INTL INC COM	34,971	59,981
HORACE MANN EDUCATORS CORP NEW COM	6,102	7,273
HOST HOTELS & RESORTS INC REIT	6,535	5,691
HUMANA INC COM	21,822	46,361
HUNT J B TRANS SVCS INC COM	14,223	19,678
HUNTINGTON BANCSHARES INC COM	41,656	40,517
IDEX CORP COM	67,292	150,794
IHS MARKIT LTD COM BERMUDA	174,273	279,461
INGEVITY CORP COM	11,463	15,752
INTERCONTINENTAL EXCHANGE INC COM	193,208	324,887
INTERNATIONAL FLAVORS&FRAGRANC COM	26,281	23,183
INTUIT COM	106,000	275,391
INTUITIVE SURGICAL INC COM	57,947	71,175
IPG PHOTONIC CORP COM	15,549	21,484
ITRON INC COM	17,268	20,043
JOHNSON CONTROLS INTL PLC COM IRELAND	33,737	37,691
JONES LANG LASALLE INC COM	12,110	13,798
LABORATORY CORP AMER HLDGS NEW COM	91,280	127,829
LAM RESEARCH CORP COM	23,058	37,309
LAMB WESTON HLDGS INC COM	10,213	14,961
LAUDER ESTEE COS INC CL A	82,276	217,477
LHC GROUP INC COM	5,855	19,412
LINCOLN ELEC HLDGS INC COM	11,419	15,345
LINDE PLC COM IRELAND	137,466	221,612
LKQ CORP COM	10,563	13,321
LOWES COS INC COM	90,390	197,267
LPL FINL HLDGS INC COM	15,007	17,509
LTC PPTYS INC COM	9,010	8,482
MANPOWERGROUP INC COM	7,736	7,395
MARSH & MCLENNAN COS INC COM	116,334	183,690
MASTERCARD INC CL A COM	125,196	412,623
MAXIM INTEGRATED PRODS INC COM	6,619	12,588
MEDTRONIC PLC COM IRELAND	51,963	76,844
MERCK & CO INC NEW COM	43,760	62,741
MERITAGE HOMES CORP COM	9,043	8,779
METLIFE INC COM	24,514	28,264
METTLER TOLEDO INTERNATIONAL COM	20,599	34,190
MICROSOFT CORP COM	803,625	3,108,542
MIDDLEBY CORP COM	12,797	15,213
MONDELEZ INTL INC COM	61,479	85,600
MONSTER BEVERAGE CORP COM	28,701	41,524
MORGAN STANLEY COM	64,275	125,615
MSA SAFETY INC COM	8,116	10,159
NANOSTRING TECHNOLOGIES INC COM	4,382	7,223
NASDAQ INC COM	17,275	22,035
NEW YORK TIMES CO CL A	13,284	23,866
NIKE INC CL B	106,468	226,493
NUTANIX INC CL A COM	24,894	20,492
NVIDIA CORP COM	40,743	158,749
NXP SEMICONDUCTORS NV COM NETHERLANDS	28,338	36,254
O REILLY AUTOMOTIVE INC NEW COM	87,948	117,668
OMNICELL INC COM	11,780	31,325
OWENS CORNING INC NEW COM	28,984	37,577
PALO ALTO NETWORKS INC COM	26,659	63,259
PARKER HANNIFIN CORP COM	33,390	43,858
PAYCOM SOFTWARE INC COM	4,275	9,045
PENTAIR PLC COM IRELAND	13,234	15,662
PENUMBRA INC COM	12,574	12,775
PEPSICO INC COM	60,088	86,607
PERKINELMER INC COM	14,352	14,924
PNC FINL SVCS GROUP INC COM	77,517	96,403
PRICE T ROWE GROUP INC COM	16,558	19,075
PROCTER & GAMBLE CO COM	56,730	57,326
PROGRESSIVE CORP OHIO COM	22,978	29,268
PROLOGIS INC REITS	28,744	38,369
PROOFPOINT INC COM	14,569	16,915
QUALCOMM INC COM	61,526	138,629
QUANTA SVCS INC COM	9,122	18,293
REGIONS FINL CORP NEW COM	22,443	22,632
REINSURANCE GROUP AMER INC COM	14,466	12,633
ROCKWELL AUTOMATION INC COM	35,312	46,901
ROGERS CORP COM	13,138	16,771
S&P GLOBAL INC COM	76,606	108,152
SALESFORCE COM INC COM	93,996	174,464
SCHWAB CHARLES CORP NEW COM	51,996	85,394
SMITH A O COM	9,226	9,100
SONOCO PRODS CO COM	11,975	13,568
SPLUNK INC COM	29,228	55,044
STANLEY BLACK & DECKER INC COM	28,327	30,891
STARBUCKS CORP COM	145,669	234,821
STERIS PLC COM IRELAND	10,872	15,921
STERLING BANCORP DEL COM	9,836	9,961
STIFEL FINL CORP COM	6,351	10,042
SVB FINL GROUP COM	8,859	20,167
SYNEOS HEALTH INC COM CL A	10,043	17,986
TARGET CORP COM	17,871	43,426
TE CONNECTIVITY LTD COM SWITZERLAND	83,476	108,963
TESLA MTRS INC COM	39,545	730,368
TETRA TECH INC NEW COM	21,640	41,449
TETRA TECH INC NEW COM	6,433	17,367
TEXAS INSTRS INC COM	66,313	158,714
THERMO FISHER SCIENTIFIC CORP COM	170,156	495,590
TJX COS INC NEW COM	215,721	324,309
TRACTOR SUPPLY CO COM	21,846	34,302
TRANE TECH PUB LTD CO COM IRELAND	25,231	50,661
TREX INC COM	6,730	7,535
TRIMBLE NAVIGATION LTD COM	10,671	19,697
UBER TECHNOLOGIES INC COM	46,063	62,985
ULTA SALON COSMETICS & FRAGRANCE INC COM	36,196	48,243
UMPQUA HLDGS CORP COM	14,056	12,127
UNITED NAT FOODS INC COM	11,665	5,366
UNITED PARCEL SVC INC CL B	48,885	77,296
UNITEDHEALTH GROUP INC COM	42,232	96,437
VERISK ANALYTICS INC COM	138,101	299,552
VERIZON COMMUNICATIONS INC COM	66,039	72,145
VISA INC CL A COM	292,388	620,974
VMWARE INC CL A COM	25,539	34,083
WABTEC CORP COM	21,827	22,546
WALMART INC COM	45,286	67,606
WASTE MGMT INC DEL COM	19,342	20,874
WATTS WATER TECHNOLOGIES INC CL A	14,094	14,604
WEBSTER FINL CORP CONN COM	12,272	11,043
WEST PHARMACEUTICAL SVSC INC COM	3,898	12,749
WHIRLPOOL CORP COM	13,809	13,356
WORKDAY INC CL A COM	15,504	16,293
WW INTL INC COM	7,383	6,222
XYLEM INC COM	160,154	266,792
ZENDESK INC COM	4,362	22,756
ZOETIS INC CL A COM	89,139	302,700

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

B Quest

EIN:

47-5550417

US Government Securities - End of Year Book Value:

1,257,756

US Government Securities - End of Year Fair Market Value:

1,304,541

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

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

- TIN:

TY 2020 OtherExpensesSchedule

Name:

B Quest

EIN:

47-5550417

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
Meals	400	400
Office Expense	621	621
Misc expense	320	320

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

B Quest

EIN:

47-5550417

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Class action suit	323		323
Tax refund	24,621		24,621

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

B Quest

EIN:

47-5550417

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Fees	120,659	120,659		0
Grant Consulting Fees	108,400	0		108,400

- TIN:

TY 2020 TaxesSchedule

Name:

B Quest

EIN:

47-5550417

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Business Filing Fee	10	0		10