Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 07-01-2020 , and ending 06-30-2021
Name of foundation
THE PMG FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 17
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SPARTA, WI546560017
A Employer identification number

39-1568547
B Telephone number (see instructions)

(608) 269-3000
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$12,131,849J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 208,983 208,983  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 875,309
b Gross sales price for all assets on line 6a 7,618,805
7 Capital gain net income (from Part IV, line 2)... 875,309
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,084,292 1,084,292  
Operating and Administrative Expenses 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)......... Click to see attachment 810 0   810
b Accounting fees (attach schedule)....... Click to see attachment 4,125 2,063   2,062
c Other professional fees (attach schedule).... Click to see attachment 38,121 38,121   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,626 877   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 133 88   45
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 51,815 41,149   2,917
25 Contributions, gifts, grants paid....... 451,000 451,000
26 Total expenses and disbursements. Add lines 24 and 25 502,815 41,149   453,917
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 581,477
b Net investment income (if negative, enter -0-) 1,043,143
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 136,063 94,087 94,087
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 205,441 Click to see attachment204,495 210,049
b Investments—corporate stock (attach schedule)....... 6,020,936 Click to see attachment7,093,386 9,372,110
c Investments—corporate bonds (attach schedule)....... 2,891,143 Click to see attachment2,439,068 2,455,603
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,253,583 9,831,036 12,131,849
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 9,253,583 9,831,036
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 9,253,583 9,831,036
30 Total liabilities and net assets/fund balances (see instructions). 9,253,583 9,831,036
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
9,253,583
2
Enter amount from Part I, line 27a .....................
2
581,477
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
9,835,060
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
4,024
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
9,831,036
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 7,606,716   6,743,496 863,220
b 12,089     12,089
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       863,220
b       12,089
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 875,309
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 14,500
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 14,500
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 14,500
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 6,120
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 21,120
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 6,620
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet6,620 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTRUST POINT INC Telephone no.bullet (608) 782-1148

    Located atbullet230 FRONT STREET NORTHLA CROSSEWI ZIP+4bullet54601
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    PHILIP M GELATT PRESIDENT/TREASURER/DIRECTOR
    1.00     		0 0 0
    444 LOSEY COURT LANE
    LA CROSSE,WI54601
    RITA A FORBES DIRECTOR/SECRETARY
    0.25     		0 0 0
    14626 GEM RD
    SPARTA,WI54656
    MELISSA K GELATT DIRECTOR/VICE PRESIDENT
    0.25     		0 0 0
    444 LOSEY COURT LANE
    LA CROSSE,WI54601
    VIRGINIA W BROOKS DIRECTOR
    0.25     		0 0 0
    12810 DARBY CHASE DRIVE
    CHARLOTTE,NC28277
    JOHN DUNCAN WANNAMAKER DIRECTOR
    0.25     		0 0 0
    905 CLIFFWOOD LANE
    LA CROSSE,WI54601
    PHILIP M GELATT JR DIRECTOR
    0.25     		0 0 0
    51 ADELPHI AVENUE
    PROVIDENCE,RI02906
    CLARA E GELATT DIRECTOR
    0.25     		0 0 0
    450 LOSEY COURT LANE
    LA CROSSE,WI54601
    JONATHAN S GELATT DIRECTOR
    0.25     		0 0 0
    1504 KING STREET
    LA CROSSE,WI54601
    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...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    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 NONE 0
    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 NONE 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    10,835,234
    b
    Average of monthly cash balances.......................
    1b
    172,970
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,008,204
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    11,008,204
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    165,123
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,843,081
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    542,154
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    542,154
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    14,500
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    14,500
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    527,654
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    527,654
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    527,654
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    453,917
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    453,917
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    453,917
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 527,654
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 308,863
    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: bullet$ 453,917
    a Applied to 2019, but not more than line 2a 308,863
    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..... 145,054
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		382,600
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    RITA A FORBES
    PO BOX 17
    SPARTA,WI54656
    (608) 269-3000
    bThe form in which applications should be submitted and information and materials they should include:
    NO SPECIFIC FORM REQUIRED
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GENERALLY LIMITED TO ORGANIZATIONS SERVING THE SPARTA-LA CROSSE AREA
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALS ASSOCIATION
    3333 NORTH MAYFAIR ROAD SUITE 104
    WAUWATOSA,WI53222     		NONE PC GENERAL 5,000
    BOY SCOUTS OF AMERICA
    2600 QUARRY RD
    LA CROSSE,WI54601     		NONE PC GENERAL 5,000
    BOYS & GIRLS CLUB OF SPARTA INC
    1000 E MONTGOMERY STREET
    LA CROSSE,WI54601     		NONE PC GENERAL 25,000
    BOYS AND GIRLS CLUB OF HOLMEN
    600 N HOLMEN DR
    HOLMEN,WI54636     		NONE PC GENERAL 25,000
    LA CROSSE CITY TREASURER
    CITY HALL 400 LA CROSSE ST
    LA CROSSE,WI54601     		NONE GOV CROSSING LIGHTS AT LOSEY BOULDEVARD AND CROWLEY PLACE PROJECT 25,000
    COULEE COUNCIL ON ADDICTIONS INC
    933 FERRY STREET
    LA CROSSE,WI54601     		NONE PC GENERAL 25,000
    FRIENDS OF THE SPARTA FREE LIBRARY
    PO BOX 71
    SPARTA,WI54656     		NONE PC GENERAL 50,000
    GUNDERSEN MEDICAL FOUNDATION
    1836 SOUTH AVE
    LA CROSSE,WI54601     		NONE PC COMMUNITY DENTAL CLINIC 50,000
    LA CROSSE AREA FAMILY YMCA
    1140 MAIN ST
    LA CROSSE,WI54602     		NONE PC GENERAL 50,000
    LA CROSSE COUNTY HISTORICAL SOCIETY
    145 WEST AVE S
    LA CROSSE,WI54602     		NONE PC GENERAL 1,000
    LA CROSSE NEIGHBORHOODS INC
    PO BOX 1661
    LA CROSSE,WI54601     		NONE PC VETERANS MEMORIAL POOL CAMPAIGN 40,000
    MAYO CLINIC
    700 WEST AVENUE SOUTH
    LA CROSSE,WI54601     		NONE PC GENERAL 75,000
    MISSISSIPPI VALLEY CONSERVANCY INC
    PO BOX 2611
    LA CROSSE,WI54602     		NONE PC GENERAL 75,000
    Total .................................bullet 3a 451,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 208,983  
    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 ............     		    18 875,309  
    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 1,084,292 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,084,292
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1 NOT APPLICABLE
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE PMG FOUNDATION INC
    EIN:
    39-1568547
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,125 2,063   2,062

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE PMG FOUNDATION INC
    EIN:
    39-1568547
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN BEACON GLOBAL EV FRNT MRKT INC Y 94,177 92,904
    AMERICAN INTERNATIONAL GROUP INC 30,826 34,193
    BANK OF AMERICA CORP 3.5% 27,691 29,720
    ENTERPRISE PRODUCTS OPERATING CO 25,514 27,056
    GILEAD SCIENCES INC 3.7% 30,605 32,250
    HSBC HOLDINGS PLC 4% 03/30/2022 30,288 30,804
    JPMORGAN CHASE & CO 3.625% 30,094 32,529
    LORD ABBETT INFLATION FOCUSED I 323,326 332,097
    MORGAN STANLEY FLOATING RATE 50,000 50,375
    PIMCO INCOME FUND I 519,408 525,959
    UPMC HEALTH SYSTEM 52,583 54,350
    VERIZON COMMUNICATIONS INC 3.5% 31,309 33,541
    VISA INC 2.8% 12/14/2022-2022 31,483 32,027
    WELLS FARGO & CO 3.5% 03/08/2022 30,237 30,668
    ARTISAN HIGH INCOME INST 142,453 145,813
    EATON VANCE EMERGING MKTS DBT OPPS R6 242,931 237,402
    FEDERATED ULTRASHORT BOND I 200,613 200,395
    FIDELITY U.S. BOND INDEX FUND 497,237 486,038
    VANGUARD MORTGAGE-BACKED SECURITIES INDEX 48,293 47,482

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE PMG FOUNDATION INC
    EIN:
    39-1568547
    Name of Stock End of Year Book Value End of Year Fair Market Value
    2U INC 10,845 12,668
    ACS ACTIVIDADES DE CONSTRUCCION 13,560 11,142
    AERCAP HOLDINGS NV 13,554 15,363
    ALARM.COM HOLDINGS INC 11,285 18,465
    ALIBABA GROUP HOLDING LTD 16,298 17,462
    ALLIANZ SE ADR 13,593 18,655
    AMEDISYS INC 12,081 18,125
    AMERICAN EAGLE OUTFITTERS INC 7,696 19,816
    AMN HEALTHCARE SERVICES INC 8,436 12,123
    ARCH CAPITAL GROUP LTD 19,903 21,105
    ARKEMA SA 13,769 17,064
    ASSOCIATED BANC CORP 8,358 7,168
    ASTELLAS PHARAMA INC ADR 13,805 15,948
    ATKORE INTERNATIONAL GROUP INC 7,836 16,046
    BERRY PLASTICS GROUP I 9,460 13,761
    BLACKLINE INC 12,945 25,036
    CABLE ONE INC 10,541 9,564
    CALAVO GROWERS INC 4,726 4,630
    CANADIAN NATL RAILWAY CO 7,160 11,185
    CANADIAN PACIFIC RAILWAY LTD 6,688 12,690
    CAPGEMINI S E NPV ADR 8,218 19,212
    CGI INC NPV 13,128 18,120
    CHECK POINT SOFTWARE 15,030 14,865
    CHEMED CORP 3,382 8,541
    CIENA CORP 10,945 17,522
    COLUMBIA BANKING SYS 10,240 11,876
    COMMUNITY TRUST BANCORP INC 8,125 7,067
    COUSINS PROPERTIES INC NPV 10,366 10,556
    CRH PLC ADR 10,498 13,930
    DESCARTES SYSTEMS GROUP INC 6,840 12,103
    DR REDDYS LABORATORIES LTD 14,204 19,627
    ENN ENERGY HOLDINGS LTD 13,687 21,164
    ENSIGN GROUP INC 10,659 16,121
    ENVISTA HOLDINGS CORP 5,434 13,179
    EXPONENT INC 3,442 9,992
    FABRINET 19,740 30,966
    FIRST HAWAIIAN INC 9,577 11,988
    FIRST HORIZON NATIONAL CORP 10,506 9,504
    FIVE BELOW INC 3,623 16,235
    FIVE9 INC 9,236 12,287
    FLOOR & DECOR HOLDINGS INC 6,281 10,676
    FORWARD AIR CORP 6,807 9,424
    FRESHPET INC 3,945 16,296
    GEELY AUTOMOBILE ADR 9,967 15,742
    GENTEX CORP 6,147 9,563
    GLENMEDE SECURED OPTIONS I 536,629 653,047
    GLOBANT SA 4,665 24,329
    GRAND CANYON EDUCATION INC 18,965 22,043
    GRAPHIC PACKAGING HLDG CO 9,896 12,934
    GREENBRIER COS INC 9,680 13,039
    HANCOCK WHITNEY CORP 16,939 16,517
    HEALTHCARE SERVICES GROUP INC 13,643 11,050
    HELMERICH & PAYNE INC 4,642 9,136
    HESKA CORP 4,033 11,257
    HUB GROUP INC 7,151 9,765
    ICON PLC 7,724 20,671
    INFINEON TECHNOLOGIES AG ADR 5,180 12,072
    INOVALON HOLDINGS INC 4,848 9,202
    INTEGER HOLDINGS CORP 12,115 16,391
    JAZZ PHARMACEUTICALS PLC 13,620 16,876
    JOYY INC ADR 14,985 12,996
    KADANT INC 4,629 8,628
    KB FINANCIAL GROUP INC ADR 11,292 15,530
    KENNEDY WILSON HOLDINGS INC 15,177 16,353
    KONINKLIJKE AHOLD NV 14,630 16,679
    LENOVO COMPUTER GROUP LTD 11,436 14,949
    MACK-CALI REALTY CORP 8,927 10,650
    MAXIMUS INC 12,452 16,978
    MUELLER INDUSTRIES INC 8,577 14,076
    NATIONAL INSTRUMENTS CORP 6,822 9,724
    NATIONAL VISION HOLDINGS INC 6,902 12,783
    NEOGEN CORP 11,093 12,615
    NEXSTAR MEDIA GROUP INC 10,140 18,485
    NINTENDO CO LTD ADR 7,114 11,135
    NORTHWESTERN CORP 11,803 13,008
    NXP SEMICONDUCTORS NV 9,015 16,046
    OAKMARK INTERNATIONAL INST 1,254,131 1,634,046
    OLLIE S BARGAIN OUTLET HOLDINGS 6,766 10,516
    ORTHOPEDIATRICS CORP 4,595 6,128
    PAYLOCITY HOLDING CORP 2,282 10,876
    PEGASYSTEMS INC 4,890 18,234
    PETIQ INC 4,709 6,562
    PING AN INSURANCE GROUP CO OF CHINA LTD 15,393 12,790
    PJSC LUKOIL ADR 13,439 21,181
    PRA GROUP INC 9,145 9,002
    PRESTIGE BRANDS HOLDINGS INC 12,924 18,391
    PROS HOLDINGS 10,824 11,393
    PROTO LABS INC 3,530 6,151
    PROVIDENT FINANCIAL SERVICES 14,856 16,458
    PT BANK RAKYAT INDONESIA ADR 8,267 14,007
    QUANTA SERVICES INC 12,476 25,812
    RADIAN GROUP INC 8,544 12,883
    RADNET INC 11,447 25,268
    RENAISSANCE RE HOLDINGS LTD 13,548 13,394
    RITCHIE BROS AUCTIONEERS INC 16,192 20,807
    ROCHE HOLDINGS LTD SPON ADR 16,955 18,571
    SANDY SPRING BANCORP INC 14,601 18,667
    SBERBANK RUSSIA SP ADR 14,370 16,738
    SCHNEIDER ELECTRIC SE 8,599 16,521
    SCHWAB MID CAP ETF 310,542 516,817
    SHIN ETSU CHEMICAL CO LTD ADR 9,283 14,648
    SOFTBANK GROUP CORP NPV ADR 9,826 12,995
    SONY CORP ADR 11,054 16,333
    SOUTH STATE CORP 10,806 15,943
    SOUTHWEST GAS HOLDINGS INC 22,104 20,850
    SPS COMMERCE INC 10,250 18,472
    STAG INDUSTRIAL INC 5,787 8,309
    STERIS PLC 14,945 19,599
    TAIWAN SEMICONDUCTOR MFG SPON 4,277 16,943
    TAYLOR MORRISON HOME CORP 9,784 12,734
    TOKYO ELECTRON ADR 9,163 18,952
    UNIFIRST CORP 6,948 9,620
    UNITED OVERSEAS BANK ADR 11,353 12,063
    US PHYSICAL THERAPY INC 4,210 6,836
    VANGUARD FTSE DEVELOPED MARKETS 177,411 238,125
    VANGUARD LARGE CAP ETF 2,349,931 3,037,348
    VEOLIA ENVIRONNEMENT SA ADR 14,159 17,368
    VIPSHOP HOLDINGS 13,388 14,317
    WASHINGTON FEDERAL INC 14,167 17,161
    WH GROUP LTD NPV ADR 19,663 21,571
    WORKIVA INC 3,708 18,592
    YUM CHINA HOLDINGS INC 7,959 12,853
    MOOG INC CLASS A 9,904 12,945
    ICICI BANK LTD ADR 13,304 16,570
    CARLSBERG AS SP ADR 15,339 19,985
    EAGLE MATLS INC 10,074 16,769
    ABM INDUSTRIES INC 6,019 5,366
    TERMINIX GLOBAL HOLDINGS INC 4,552 7,729
    UBS GROUP AG 13,498 13,208
    AZZ INC 9,647 9,269
    ROGERS CORP 5,106 7,630
    ARCOSA INC 10,551 13,099
    CARREFOUR SA ADR 16,109 17,510
    NOMAD FOODS LTD 12,258 15,351
    STELLANTIS NV 11,582 14,152
    GLAUKOS CORP 6,488 7,465
    INOGEN INC 6,099 6,647
    HEALTH CATALYST INC 4,749 8,715
    MEDPACE HOLDINGS INC 8,051 8,478
    PENNANT GROUP INC 11,103 12,638
    PHREESIA INC 11,688 13,731
    SYNEOS HEALTH INC 12,217 15,750
    SPECTRUM BRANDS HOLDING 10,145 14,882
    INVESCO DEVELOPING MRKTS R6 340,936 478,008
    GOOSEHEAD INSURANCE INC 4,724 8,275
    TENCENT HOLDINGS ADR 9,760 11,355
    VALMONT INDUSTRIES INC 10,808 15,579
    KORNIT DIGITAL LTD 10,979 19,022
    DWS RREEF REAL ASSETS STRATEGY 479,386 522,161
    CNX RESOURCES CORP 10,241 12,895
    DEVON ENERGY CORP 11,962 20,229
    NESTE OIL OYJ NPV 14,966 16,045
    HEALTHCARE TRUST OF AMERICA INC 6,728 6,488
    PEBBLEBROOK HOTEL TRUST 9,756 18,605
    SPIRIT REALTY CAPITAL INC 7,088 7,798
    ASBURY AUTOMOTIVE GROUP INC 9,652 17,137
    CARRIAGE SERVICES INC 11,257 10,758
    REVOLVE GROUP INC 10,308 18,810
    WILLIAMS-SONOMA INC 12,482 15,007
    CMC MATERIALS INC 4,526 4,673
    KULICKE & SOFFA INDUSTIRES INC 11,815 14,382
    POWER INTEGRATIONS INC 4,895 7,714
    CERENCE INC 12,478 12,272
    MODEL N INC 7,485 7,574
    PORCH GROUP INC 7,705 8,394
    ERICSSON LM TELEFONAKTIEBOLAGET 18,612 19,411
    VIVENDI SA ADR 12,617 13,909
    DEUTSCHE POST ADR 10,946 10,884
    UNIVERSAL LOGISTICS HOLDINGS INC 5,894 5,709
    WILLSCOT MOBILE MINI HOLDINGS CORP 6,406 14,746

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    THE PMG FOUNDATION INC
    EIN:
    39-1568547
    US Government Securities - End of Year Book Value:

    204,495
    US Government Securities - End of Year Fair Market Value:

    210,049
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 LegalFeesSchedule
    Name:
    THE PMG FOUNDATION INC
    EIN:
    39-1568547
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ATTORNEY FEES 810 0   810


    TY 2020 OtherDecreasesSchedule
    Name:
    THE PMG FOUNDATION INC
    EIN:
    39-1568547
    Description Amount
    BROKER BASIS ADJUSTMENT 4,024


    TY 2020 OtherExpensesSchedule
    Name:
    THE PMG FOUNDATION INC
    EIN:
    39-1568547
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS 90 45   45
    ADR FEES 43 43   0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE PMG FOUNDATION INC
    EIN:
    39-1568547
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTANT/INVESTMENT MGMT FEES 38,121 38,121   0


    TY 2020 TaxesSchedule
    Name:
    THE PMG FOUNDATION INC
    EIN:
    39-1568547
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX PAYMENTS - 2020 ESTIMATES 6,120 0   0
    FOREIGN TAXES 877 877   0
    2019 EXCISE TAX PAID 1,629 0   0