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 01-01-2020 , and ending 12-31-2020
Name of foundation
WALTER E TERHUNE MEMORIAL FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)4900 TIEDEMAN ROAD OH-01-49-0150
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BROOKLYN, OH44144
A Employer identification number

35-2446722
B Telephone number (see instructions)

(419) 259-6197
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$13,425,757J 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... 206,110 206,110  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 107,766
b Gross sales price for all assets on line 6a 1,137,710
7 Capital gain net income (from Part IV, line 2)... 107,766
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 313,876 313,876  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 70,661 52,995   17,665
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 4,500 0 0 4,500
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,715 2,542   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 200     200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 80,076 55,537 0 22,365
25 Contributions, gifts, grants paid....... 563,000 563,000
26 Total expenses and disbursements. Add lines 24 and 25 643,076 55,537 0 585,365
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -329,200
b Net investment income (if negative, enter -0-) 258,339
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets 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.........   702,857 702,857
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   Click to see attachment6,359 3,337
b Investments—corporate stock (attach schedule).......   Click to see attachment1,697,797 4,290,275
c Investments—corporate bonds (attach schedule).......   Click to see attachment422,428 487,172
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 6,779,659 Click to see attachment3,620,980 7,942,116
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) 6,779,659 6,450,421 13,425,757
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
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 6,779,659 6,450,421
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)..... 6,779,659 6,450,421
30 Total liabilities and net assets/fund balances (see instructions). 6,779,659 6,450,421
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
6,779,659
2
Enter amount from Part I, line 27a .....................
2
-329,200
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1
4
Add lines 1, 2, and 3 ..........................
4
6,450,460
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
39
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,450,421
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 75000. AUTOZONE INC DTD 11/15/2010 4.00000% 11/15/2020   2018-11-13 2020-08-17
b 800. BANK OF AMERICA CORP   2017-09-06 2020-07-08
c 678.469 FANNIE MAE DTD 11/1/1998 6.50000% 11/1/2028   2001-11-09 2020-01-27
d 673.2705 FANNIE MAE DTD 11/1/1998 6.50000% 11/1/2028   2001-11-09 2020-02-25
e 668.0424 FANNIE MAE DTD 11/1/1998 6.50000% 11/1/2028   2001-11-09 2020-03-25
662.7107 FANNIE MAE DTD 11/1/1998 6.50000% 11/1/2028   2001-11-09 2020-04-27
657.416 FANNIE MAE DTD 11/1/1998 6.50000% 11/1/2028   2001-11-09 2020-05-26
652.0954 FANNIE MAE DTD 11/1/1998 6.50000% 11/1/2028   2001-11-09 2020-06-25
543.826 FANNIE MAE DTD 11/1/1998 6.50000% 11/1/2028   2001-11-09 2020-07-27
539.3749 FANNIE MAE DTD 11/1/1998 6.50000% 11/1/2028   2001-11-09 2020-08-25
534.8942 FANNIE MAE DTD 11/1/1998 6.50000% 11/1/2028   2001-11-09 2020-09-25
529.7179 FANNIE MAE DTD 11/1/1998 6.50000% 11/1/2028   2001-11-09 2020-10-26
525.1817 FANNIE MAE DTD 11/1/1998 6.50000% 11/1/2028   2001-11-09 2020-11-25
389.9245 FANNIE MAE DTD 11/1/1998 6.50000% 11/1/2028   2001-11-09 2020-12-28
2782.161 FANNIE MAE DTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2020-01-27
2763.9015 FANNIE MAE DTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2020-02-25
2745.387 FANNIE MAE DTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2020-03-25
2726.925 FANNIE MAE DTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2020-04-27
2714.7375 FANNIE MAE DTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2020-05-26
2689.6935 FANNIE MAE DTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2020-06-25
2670.924 FANNIE MAE DTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2020-07-27
2652.051 FANNIE MAE DTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2020-08-25
2633.0745 FANNIE MAE DTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2020-09-25
2620.371 FANNIE MAE DTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2020-10-26
2601.1845 FANNIE MAE DTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2020-11-25
2575.5135 FANNIE MAE DTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2020-12-28
700. FORTIVE CORP   2016-02-09 2020-07-16
100000. GOLDMAN SACHS GROUP INC DTD 6/3/2010 6.00000% 6/15/2020   2019-03-21 2020-06-15
1800. ISHARES CORE US AGGREGATE BOND ETF $2.89100     2020-03-23
900. ISHARES CORE US AGGREGATE BOND ETF $2.89100     2020-03-25
1200. ISHARES 1-5 YEAR INV GRADE CORP BOND $1.30400   2015-01-23 2020-07-08
100000. MCDONALDS CORP DTD 8/2/2010 3.50000% 7/15/2020   2018-10-19 2020-07-15
1000. MORGAN STANLEY DEAN WITTER   2013-03-11 2020-07-16
5000. PFIZER INC     2020-07-08
2000. PFIZER INC     2020-07-22
2000. WELLTOWER INC   2015-09-01 2020-06-05
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 75,000   75,097 -97
b 18,208   18,808 -600
c 6   26 -20
d 5   22 -17
e 5   22 -17
5   22 -17
5   22 -17
5   22 -17
108   456 -348
4   19 -15
4   19 -15
5   22 -17
5   19 -14
135   569 -434
12   22 -10
18   33 -15
19   34 -15
18   34 -16
12   22 -10
25   46 -21
19   34 -15
19   35 -16
19   35 -16
13   23 -10
19   35 -16
26   47 -21
50,196   29,260 20,936
100,000   100,000  
201,613   198,962 2,651
102,953   98,249 4,704
65,580   63,258 2,322
100,000   100,000  
52,463   23,251 29,212
168,172   144,569 23,603
75,840   52,497 23,343
126,011   124,353 1,658
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
      1,163
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       -97
b       -600
c       -20
d       -17
e       -17
      -17
      -17
      -17
      -348
      -15
      -15
      -17
      -14
      -434
      -10
      -15
      -15
      -16
      -10
      -21
      -15
      -16
      -16
      -10
      -16
      -21
      20,936
       
      2,651
      4,704
      2,322
       
      29,212
      23,603
      23,343
      1,658
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 107,766
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 3,591
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 3,591
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 3,591
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,130
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,130
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,461
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOH
    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 addressbullet  
    14
    The books are in care ofbulletKeybank N A Telephone no.bullet (216) 813-4556

    Located atbullet4900 TIEDEMAN RD OH-01-49-0150BROOKLYNOH ZIP+4bullet44144
    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
     
    No
    ........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
    KEYBANK N A Trustee
    4     		70,661    
    300 Madison Ave
    Toledo,OH43604
    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  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    11,397,326
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,397,326
    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
    11,397,326
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    170,960
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,226,366
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    561,318
    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
    561,318
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    3,591
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,591
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    557,727
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    557,727
    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
    557,727
    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
    585,365
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    585,365
    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
    585,365
    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 7 557,727
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 26,110
    d From 2018...... 51,290
    e From 2019...... 45,564
    fTotal of lines 3a through e........ 122,964
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 585,365
    a Applied to 2019, but not more than line 2a 0
    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..... 557,727
    e Remaining amount distributed out of corpus 27,638
    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 5 150,602
    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 ......     		150,602
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 26,110
    c Excess from 2018.... 51,290
    d Excess from 2019.... 45,564
    e Excess from 2020.... 27,638
    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:
    Keybank N A Foundations and Endowm
    P O Box 10099
    Toledo,OH436990099
    (419) 259-6197
    bThe form in which applications should be submitted and information and materials they should include:
    Submit in writing:statement of purpose & history of organization, description of project and duration, amount requested, budget, current tax exempt status, list of board members, financial statements
    cAny submission deadlines:
    March 31 and September 30
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Awards are given based on educational, literary, scientific, and other charitable causes.
    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
    GIRL SCOUTS OF WESTERN OHIO
    460 W DUSSEL DR A
    Maumee,OH43537     		NONE PC GENERAL OPERATING 10,000
    THE UNITED WAY OF GREATER TOLEDO
    424 JACKSON ST
    Toledo,OH43604     		NONE PC GENERAL OPERATING 10,000
    WGTE
    1270 S DETROIT AVE
    Toledo,OH43614     		NONE PC GENERAL OPERATING 26,000
    TOLEDO OPERA ASSOCIATION
    425 JEFFERSON AVE SUITE 601
    Toledo,OH43604     		NONE PC GENERAL OPERATING 15,000
    BOYS & GIRLS CLUB
    3 W 35TH ST
    New York,NY10001     		NONE PC GENERAL OPERATING 52,500
    HISTORIC SOUTH
    425 N ST CLAIR ST
    Toledo,OH43604     		NONE PC GENERAL OPERATING 15,000
    RUTHERFORD B HAYES PRESIDENTIAL CENTER
    SPIEGEL GROVE
    Fremont,OH43420     		NONE PC GENERAL OPERATING 10,000
    OHIO FOUNDATION OF INDEPENDENT COLLEGES
    250 E BROAD ST UNIT 1700
    Columbus,OH43215     		NONE PC GENERAL OPERATING 3,000
    ERIE SHORES COUNCIL
    5600 W SYLVANIA AVE
    Toledo,OH43623     		NONE PC GENERAL OPERATING 60,000
    CHILDREN'S THEATRE WORKSHOP
    12 BAY ST
    Wilmington,MA01887     		NONE PC GENERAL OPERATING 1,000
    MAUMEE VALLEY HABITAT FOR HUMANITY
    1310 CONANT ST
    Maumee,OH43537     		NONE PC GENERAL OPERATING 5,000
    NORTHWEST OHIO SCHOLARSHIP FUND
    5800 MONROE ST
    Sylvania,OH43560     		NONE PC GENERAL OPERATING 15,000
    PROMEDICA TOLEDO HOSPITAL FOUNDATION
    2142 N COVE BLVD
    Toledo,OH43606     		NONE PC GENERAL OPERATING 10,000
    ST PAUL'S COMMUNITY CENTER
    1018 WALLACE ST
    Philadelphia,PA19123     		NONE PC GENERAL OPERATING 5,000
    WOMEN OF TOLEDO
    425 JEFFERSON AVE 3RD FLOOR
    Toledo,OH43604     		NONE PC GENERAL OPERATING 3,000
    AMERICAN RED CROSS
    995 E BROAD ST
    Columbus,OH43205     		NONE PC GENERAL OPERATING 5,000
    TOLEDO AREA HUMANE SOCIETY
    827 ILLINOIS AVE
    Maumee,OH43537     		NONE PC GENERAL OPERATING 25,000
    GEARY FAMILY YMCA OF FOSTORIA OHIO
    154 W CENTER ST
    Fostoria,OH44830     		NONE PC GENERAL OPERATING 20,000
    THE ARTS COMMISSION
    1838 PARKWOOD AVE 120
    Toledo,OH43604     		NONE PC GENERAL OPERATING 20,000
    LOCAL INITIATIVES SUPPORT CORP
    28 LIBERTY ST
    New York,NY10005     		NONE PC GENERAL OPERATING 30,000
    THE MAREDA CENTER
    223 PAGE ST
    Toledo,OH43620     		NONE PC GENERAL OPERATING 10,000
    THE TOLEDO ZOOILOGICAL SOCIETY FND
    2700 BROADWAY ST
    Toledo,OH43609     		NONE PC GENERAL OPERATING 50,000
    TPS FOUNDATION
    5726 SOUTHWYCK BLVD SUITE 120
    Toledo,OH43614     		NONE PC GENERAL OPERATING 10,000
    THE AMERICAN HEART ASSOCIATION
    4331 KEYSTONE DR D
    Maumee,OH43537     		NONE PC GENERAL OPERATING 5,000
    THE CAL RIPKEN SR FOUNDATION
    873 LONG DR
    Aberdeen,MD21001     		NONE PC GENERAL OPERATING 25,000
    SUSAN G KOMEN NWO
    3100 CENTRAL AVE 235
    Toledo,OH43606     		NONE PC GENERAL OPERATING 12,500
    VALENTINE THEATRE
    410 ADAMS ST
    Toledo,OH43604     		NONE PC GENERAL OPERATING 15,000
    THE SYLVANIA CHAMBER OF COMMERCE
    5632 MAIN ST
    Sylvania,OH43560     		NONE PC GENERAL OPERATING 10,000
    YMCA OF GREATER TOLEDO
    6465 W SYLVANIA AVE
    Sylvania,OH43560     		NONE PC GENERAL OPERATING 50,000
    TOLEDO-LUCAS COUNTY CONVENTION & VISTOR
    401 JEFFERSON AVE
    Toledo,OH43604     		NONE PC GENERAL OPERATING 15,000
    THE TOLEDO CLASSIC INC
    3400 EXECUTIVE PKWY
    Toledo,OH43606     		NONE PC GENERAL OPERATING 20,000
    Total .................................bullet 3a 563,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 206,110  
    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 ............     		    18 107,766  
    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)..   313,876  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    313,876
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    WALTER E TERHUNE MEMORIAL FUND
    EIN:
    35-2446722
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 4,500     4,500

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    WALTER E TERHUNE MEMORIAL FUND
    EIN:
    35-2446722
    Name of Bond End of Year Book Value End of Year Fair Market Value
    464287242 ISHARES IBOXX $INVES 324,076 386,764
    842400GH0 SOUTHERN CALIF EDISO 98,352 100,408

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    WALTER E TERHUNE MEMORIAL FUND
    EIN:
    35-2446722
    Name of Stock End of Year Book Value End of Year Fair Market Value
    00287Y109 ABBVIE INC COM 134,131 235,730
    02079K305 ALPHABET INC COM CL 134,741 306,712
    038222105 APPLIED MATERIALS IN 110,789 560,950
    09260B747 BLACKROCK FLOATING R 77,235 74,025
    464287234 ISHARES MSCI EMERGIN 252,143 403,026
    46625H100 JP MORGAN CHASE & CO 92,977 317,675
    57636Q104 MASTERCARD INC COM C 62,771 535,410
    594918104 MICROSOFT CORP COM 6,075 533,808
    617446448 MORGAN STANLEY COM 53,815 205,590
    65339F101 NEXTERA ENERGY INC C 13,377 15,430
    773903109 ROCKWELL AUTOMATION 56,295 81,513
    79466L302 SALESFORCE.COM INC C 145,585 222,530
    883556102 THERMO FISHER SCIENT 78,256 93,156
    92343V104 VERIZON COMMUNICATIO 98,743 135,125
    92532F100 VERTEX PHARMACEUTICA 29,326 23,634
    931142103 WALMART INC 138,001 317,130
    98978V103 ZOETIS INC COM CL A 41,485 49,650
    747525AE3 QUALCOMM INC SENIOR 76,159 77,836
    478373AC7 JOHNSON CONTROLS INC 95,893 101,345

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    WALTER E TERHUNE MEMORIAL FUND
    EIN:
    35-2446722
    US Government Securities - End of Year Book Value:

    6,359
    US Government Securities - End of Year Fair Market Value:

    3,337
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2020 InvestmentsOtherSchedule2
    Name:
    WALTER E TERHUNE MEMORIAL FUND
    EIN:
    35-2446722
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SEE ATTACHED LIST      
    00724F101 ADOBE INC COM AT COST 124,045 225,054
    031162100 AMGEN INC COM AT COST 132,573 252,912
    09247X101 BLACKROCK INC COM CL AT COST 198,783 450,963
    09857L108 BOOKING HOLDINGS INC AT COST 83,682 311,818
    17275R102 CISCO SYS INC COM AT COST 117,868 232,700
    20030N101 COMCAST CORP COM CL AT COST 116,513 241,040
    22160K105 COSTCO WHOLESALE COR AT COST 16,271 18,839
    235851102 DANAHER CORP DEL COM AT COST 89,852 310,996
    254687106 WALT DISNEY CO COM AT COST 76,992 362,360
    256677105 DOLLAR GENERAL CORP AT COST 36,148 63,090
    437076102 HOME DEPOT INC COM AT COST 89,488 132,810
    438516106 HONEYWELL INTERNATIO AT COST 112,687 255,240
    46120E602 INTUITIVE SURGICAL I AT COST 101,093 175,892
    464287226 ISHARES CORE US AGGR AT COST 167,901 177,285
    464287655 ISHARES RUSSELL 2000 AT COST 354,182 784,240
    464288687 ISHARES PREFERRED & AT COST 117,267 115,530
    478160104 JOHNSON & JOHNSON CO AT COST 29,776 31,476
    580135101 MCDONALDS CORP COM AT COST 19,482 21,458
    67066G104 NVIDIA CORP COM AT COST 40,468 52,220
    68389X105 ORACLE CORP COM AT COST 6,069 187,601
    713448108 PEPSICO INC COM AT COST 26,950 29,660
    742718109 PROCTER & GAMBLE CO AT COST 125,381 250,452
    760759100 REPUBLIC SERVICES IN AT COST 16,869 19,260
    APPLE INC AT COST 49,433 1,114,596
    ISHARES MSCI EAFE INDEX FD AT COST 860,948 1,021,440
    ISHARES CORE S&P MID CAP ETF AT COST 510,259 1,103,184

    TY 2020 OtherDecreasesSchedule
    Name:
    WALTER E TERHUNE MEMORIAL FUND
    EIN:
    35-2446722
    Description Amount
    COST ADJUSTMENT 39


    TY 2020 OtherExpensesSchedule
    Name:
    WALTER E TERHUNE MEMORIAL FUND
    EIN:
    35-2446722
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FILING/TAXES PAID 200 0   200


    TY 2020 OtherIncreasesSchedule
    Name:
    WALTER E TERHUNE MEMORIAL FUND
    EIN:
    35-2446722
    Description Amount
    ROUNDING 1


    TY 2020 TaxesSchedule
    Name:
    WALTER E TERHUNE MEMORIAL FUND
    EIN:
    35-2446722
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT - PRIOR YE 43 0   0
    FEDERAL ESTIMATES - PRINCIPAL 2,130 0   0
    FOREIGN TAXES ON QUALIFIED FOR 2,256 2,256   0
    FOREIGN TAXES ON NONQUALIFIED 286 286   0