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
LAKE CHARITABLE
 
Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118
A Employer identification number

90-0244306
B Telephone number (see instructions)

(888) 730-4933
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$3,621,586J 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... 64,257 62,943  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 9,598
b Gross sales price for all assets on line 6a 283,583
7 Capital gain net income (from Part IV, line 2)... 9,598
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........ 73,855 72,541  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 38,518 30,814   7,704
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 958 0 0 958
c Other professional fees (attach schedule).... Click to see attachment 8,960     8,960
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,533 992   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).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 52,969 31,806 0 17,622
25 Contributions, gifts, grants paid....... 128,000 128,000
26 Total expenses and disbursements. Add lines 24 and 25 180,969 31,806 0 145,622
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -107,114
b Net investment income (if negative, enter -0-) 40,735
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............. 5,261 5,578 5,578
2 Savings and temporary cash investments......... 180,162 118,125 118,125
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)      
b Investments—corporate stock (attach schedule).......   Click to see attachment684,363 1,788,748
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,118,147 Click to see attachment1,392,968 1,709,135
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) 2,303,570 2,201,034 3,621,586
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........ 2,303,570 2,201,034
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)..... 2,303,570 2,201,034
30 Total liabilities and net assets/fund balances (see instructions). 2,303,570 2,201,034
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
2,303,570
2
Enter amount from Part I, line 27a .....................
2
-107,114
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
5,116
4
Add lines 1, 2, and 3 ..........................
4
2,201,572
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
538
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,201,034
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 40. HOME DEPOT INC   2010-09-20 2020-03-06
b 180. MIDDLEBY CORP     2020-03-06
c 15. NETFLIX.COM INC   2018-08-21 2020-03-06
d 175. ALEXION PHARMACEUTICALS INC     2020-03-11
e 5. TRANSDIGM GROUP INC   2019-01-24 2020-03-11
3696.124 T ROWE PR REAL ESTATE-I #432     2020-04-23
35. LULULEMON ATHLETICA INC     2020-06-05
20. NETFLIX.COM INC   2019-12-30 2020-06-05
5. NETFLIX.COM INC   2018-08-21 2020-06-05
20. NVIDIA CORP   2019-05-21 2020-06-05
30. POOL CORPORATION     2020-06-05
10. TRANSDIGM GROUP INC   2015-12-22 2020-06-05
51. ACTIVISION BLIZZARD INC   2018-11-26 2020-06-29
50. BOEING CO     2020-06-29
440. COCA COLA CO     2020-06-29
170. COCA COLA CO   2019-10-31 2020-06-29
15. MICROSOFT CORP   2016-02-05 2020-06-29
5. ALPHABET INC CL C   2014-08-28 2020-07-14
15. DEXCOM INC   2018-09-12 2020-07-14
27. TRACTOR SUPPLY CO COM   2013-01-10 2020-07-14
125. JAZZ PHARMACEUTICALS PLC     2020-07-14
65. APPLE INC     2020-10-22
125. CONCHO RESOURCES INC     2020-10-22
85. CONCHO RESOURCES INC   2020-03-06 2020-10-22
30. DANAHER CORP   2012-03-08 2020-10-22
15. FACEBOOK INC   2015-03-11 2020-10-22
15. NVIDIA CORP   2019-05-21 2020-10-22
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 8,950   1,228 7,722
b 17,801   21,283 -3,482
c 5,373   5,104 269
d 14,477   21,339 -6,862
e 2,273   1,626 647
69,561   102,000 -32,439
11,203   7,332 3,871
8,320   6,508 1,812
2,080   1,701 379
7,186   3,108 4,078
7,785   4,721 3,064
5,020   1,783 3,237
3,844   2,586 1,258
9,551   19,666 -10,115
19,418   19,956 -538
7,502   9,204 -1,702
2,959   750 2,209
7,534   2,839 4,695
6,068   2,165 3,903
3,745   1,255 2,490
13,263   11,911 1,352
7,529   2,658 4,871
5,747   13,627 -7,880
3,908   4,927 -1,019
7,057   1,211 5,846
4,169   1,166 3,003
8,019   2,331 5,688
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
      13,241
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       7,722
b       -3,482
c       269
d       -6,862
e       647
      -32,439
      3,871
      1,812
      379
      4,078
      3,064
      3,237
      1,258
      -10,115
      -538
      -1,702
      2,209
      4,695
      3,903
      2,490
      1,352
      4,871
      -7,880
      -1,019
      5,846
      3,003
      5,688
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 9,598
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................................ 1 566
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........................... 3 566
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- ..... 5 566
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,980
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 2,980
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,414
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet568 RefundedBullet 11 1,846
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)
    bulletCT
    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 ofbulletWELLS FARGO BANK NA Telephone no.bullet (888) 730-4933

    Located atbullet100 N MAIN ST MAC D4001-117WINSTON SALEMNC ZIP+4bullet27101
    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
     
    No
    .........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
    WELLS FARGO BANK N A TRUSTEE
    1     		38,518    
    100 N MAIN ST MAC D4001-117
    WINSTON SALEM,NC27101
    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
    3,038,705
    b
    Average of monthly cash balances.......................
    1b
    153,700
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,192,405
    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
    3,192,405
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    47,886
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,144,519
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    157,226
    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
    157,226
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    566
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    566
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    156,660
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    156,660
    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
    156,660
    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
    145,622
    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
    145,622
    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
    145,622
    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 7 156,660
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 122,479
    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...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 145,622
    a Applied to 2019, but not more than line 2a 122,479
    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..... 23,143
    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 ..........     		133,517
    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.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    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).)
    NONE
    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.
    NONE
    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:
    Catherine Basso
    43 Clapboard Ridge Road
    DANBURY,CT06811
    (203) 797-4808
    bThe form in which applications should be submitted and information and materials they should include:
    Scholarship application form
    cAny submission deadlines:
    MAY 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    $8000 ANNUALLY TO A GRADUATING STUDENT FROM DANBURY HIGH SCHOOL WHO WILL ATTEND AN ACCREDITED 4-YEAR COLLEGE.
    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
    SMRITI POOVANNAN CO COLORADO SCHOOL OF
    MINES
    1500 ILLINOIS ST
    GOLDEN,CO80401     		NONE I SCHOLARSHIP 8,000
    SARAH HWANG CO FORDHAM UNIV
    441 E FORDHAM ROAD
    BRONX,NY10458     		NONE I SCHOLARSHIP 8,000
    CHRYSTEL ACOSTA CO MANHATTAN COLLEGE
    4513 MANHATTAN COLLEGE PKWY
    THE BRONX,NY10471     		NONE I SCHOLARSHIP 8,000
    ANDRE CHARLES CO NORTHEASTERN UNIV
    360 HUNTINGTON AVE
    BOSTON,MA02115     		NONE I SCHOLARSHIP 8,000
    GABRIELA GALARZA CO NORTHEASTERN UNIV
    360 HUNTINGTON AVE
    BOSTON,MA02115     		NONE I SCHOLARSHIP 8,000
    DAMIAN PRIANO CO PENN STATE UNIV
    201 OLD MAIN
    UNIVERSITY PARK,PA16802     		NONE I SCHOLARSHIP 8,000
    AIDAN CASTRICONE CO PROVIDENCE COLLEGE
    1 CUNNINGHAM SQUARE
    PROVIDENCE,RI02918     		NONE I SCHOLARSHIP 8,000
    LARISSA COSTA CO UNIV OF CONNECTICUT
    233 GLENBROOK RD
    STORRS,CT06269     		NONE I SCHOLARSHIP 8,000
    KIMBERLY ROSADO CO UNIV OF CONNECTICUT
    233 GLENBROOK RD
    STORRS,CT06269     		NONE I SCHOLARSHIP 8,000
    ANGELA SAQUINAULA CO UNIV OF
    CONNECTICUT
    233 GLENBROOK RD
    STORRS,CT06269     		NONE I SCHOLARSHIP 8,000
    ANNABELLE FOLLIS CO UNIV OF HARTFORD
    200 BLOOMFIELD AVE
    WEST HARTFORD,CT06117     		NONE I SCHOLARSHIP 8,000
    KELLY VILLA CO UNIV OF HARTFORD
    200 BLOOMFIELD AVE
    WEST HARTFORD,CT06117     		NONE I SCHOLARSHIP 8,000
    SARAH BARTA CO UNIV OF MARYLAND
    7809 REGENTS DRIVE
    COLLEGE PARK,MD20742     		NONE I SCHOLARSHIP 8,000
    JOCELYN VILLACRESES CO WESTERN CT STATE
    UNIV
    181 WHITE ST
    DANBURY,CT06810     		NONE I SCHOLARSHIP 8,000
    ERIKA YUNGA CO WESTERN CT STATE UNIV
    181 WHITE ST
    DANBURY,CT06810     		NONE I SCHOLARSHIP 8,000
    ARTA BERISHA CO UNIV OF CONNECTICUT
    233 GLENBROOK RD
    STORRS,CT06269     		NONE I SCHOLARSHIPS 8,000
    Total .................................bullet 3a 128,000
    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 64,257  
    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 9,598  
    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)..   73,855  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    73,855
    (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:
    LAKE CHARITABLE
    EIN:
    90-0244306
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 958     958

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    LAKE CHARITABLE
    EIN:
    90-0244306
    Name of Stock End of Year Book Value End of Year Fair Market Value
    023135106 AMAZON COM INC COM 14,514 130,277
    45866F104 INTERCONTINENTAL EXC 11,930 32,281
    235851102 DANAHER CORP 5,449 29,989
    92826C839 VISA INC-CLASS A SHR 17,019 54,683
    81762P102 SERVICENOW INC 17,684 30,824
    13645T100 CANADIAN PAC RY LTD 18,158 27,735
    016255101 ALIGN TECHNOLOGY INC 9,138 40,079
    697435105 PALO ALTO NETWORKS I 15,034 33,762
    437076102 HOME DEPOT INC 3,071 26,562
    101137107 BOSTON SCIENTIFIC CO 17,344 28,401
    31620M106 FIDELITY NATL INFORM 10,497 25,604
    11135F101 BROADCOM INC 22,869 45,974
    69354M108 PRA HEALTH SCIENCES 17,344 23,834
    040413106 ARISTA NETWORKS INC 27,481 34,868
    037833100 APPLE INC 12,995 155,911
    G1151C101 ACCENTURE PLC 10,921 33,957
    79466L302 SALESFORCE COM INC 15,622 50,069
    78409V104 S&P GLOBAL INC 6,882 26,298
    92532F100 VERTEX PHARMACEUTICA 15,112 21,271
    550021109 LULULEMON ATHLETICA 11,722 22,622
    532457108 ELI LILLY & CO COM 32,551 35,119
    87918A105 TELADOC HEALTH INC 20,660 19,396
    21036P108 CONSTELLATION BRANDS 10,937 23,000
    34964C106 FORTUNE BRANDS HOME 9,875 24,430
    893641100 TRANSDIGM GROUP INC 7,839 24,754
    00507V109 ACTIVISION BLIZZARD 13,285 24,512
    892356106 TRACTOR SUPPLY CO CO 8,970 27,132
    252131107 DEXCOM INC 10,380 27,729
    98936J101 ZENDESK INC 17,494 27,908
    64110L106 NETFLIX INC 9,901 32,444
    983793100 XPO LOGISTICS INC 11,596 23,840
    67066G104 NVIDIA CORP 13,641 46,998
    15135B101 CENTENE CORP DEL 18,353 27,314
    339041105 FLEETCOR TECHNOLOGIE 14,728 16,370
    169656105 CHIPOTLE MEXICAN GRI 10,612 20,801
    617446448 MORGAN STANLEY 27,066 35,978
    09857L108 BOOKING HOLDINGS INC 14,734 31,182
    278865100 ECOLAB INC 8,402 16,227
    G66721104 NORWEGIAN CRUISE LIN 23,607 16,148
    594918104 MICROSOFT CORP 18,563 127,892
    896239100 TRIMBLE INC 23,979 33,919
    73278L105 POOL CORPORATION 11,742 29,800
    90384S303 ULTA BEAUTY INC 15,561 20,101
    30303M102 FACEBOOK INC 14,694 75,119
    02079K107 ALPHABET INC CL C 24,559 96,353
    518439104 ESTEE LAUDER COMPANI 9,848 29,281

    TY 2020 InvestmentsOtherSchedule2
    Name:
    LAKE CHARITABLE
    EIN:
    90-0244306
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    87234N765 TCW EMRG MKTS INCM-I AT COST 75,000 80,082
    339128100 JP MORGAN MID CAP VA      
    78463X863 SPDR DJ WILSHIRE INT AT COST 43,999 39,204
    00507V109 ACTIVISION BLIZZARD      
    45866F104 INTERCONTINENTALEXCH      
    278865100 ECOLAB INC      
    693390882 PIMCO INTL BND USD H AT COST 30,934 31,847
    596278101 MIDDLEBY CORP      
    G66721104 NORWEGIAN CRUISE LIN      
    20605P101 CONCHO RESOURCES INC      
    023135106 AMAZON COM INC      
    101137107 BOSTON SCIENTIFIC CO      
    015351109 ALEXION PHARMACEUTIC      
    11135F101 BROADCOM INC      
    893641100 TRANSDIGM GROUP INC      
    191216100 COCA COLA CO      
    016255101 ALIGN TECHNOLOGY INC      
    464287499 ISHARES RUSSELL MID- AT COST 81,736 148,068
    983793100 XPO LOGISTICS INC      
    34964C106 FORTUNE BRANDS HOME      
    73278L105 POOL CORPORATION      
    92826C839 VISA INC-CLASS A SHR      
    437076102 HOME DEPOT INC      
    518439104 ESTEE LAUDER COMPANI      
    594918104 MICROSOFT CORP      
    693390841 PIMCO HIGH YIELD FD- AT COST 98,643 128,092
    92532F100 VERTEX PHARMACEUTICA      
    21036P108 CONSTELLATION BRANDS      
    78409V104 S&P GLOBAL INC      
    277923264 EATON VANCE GLOB MAC      
    235851102 DANAHER CORP      
    892356106 TRACTOR SUPPLY CO CO      
    67066G104 NVIDIA CORP      
    69354M108 PRA HEALTH SCIENCES      
    52106N889 LAZARD EMERGING MKTS AT COST 36,351 60,072
    09857L108 BOOKING HOLDINGS INC      
    G1151C101 ACCENTURE PLC      
    64110L106 NETFLIX.COM INC      
    02079K107 ALPHABET INC/CA      
    922031737 VANGUARD INFLAT-PROT AT COST 37,617 46,123
    592905764 METROPOLITAN WEST T/ AT COST 230,000 245,818
    G50871105 JAZZ PHARMACEUTICALS      
    697435105 PALO ALTO NETWORKS I      
    464287630 ISHARES RUSSELL 2000 AT COST 41,965 65,875
    779919307 T ROWE PR REAL ESTAT      
    79466L302 SALESFORCE COM INC      
    252131107 DEXCOM INC      
    30303M102 FACEBOOK INC      
    90384S303 ULTA SALON COSMETICS      
    46432F842 ISHARES CORE MSCI EA AT COST 116,030 138,180
    15135B101 CENTENE CORP DEL      
    04314H758 ARTISAN SMALL CAP FU AT COST 28,964 94,016
    037833100 APPLE COMPUTER INC C      
    256210105 DODGE & COX INCOME F AT COST 200,000 211,247
    617446448 MORGAN STANLEY      
    040413106 ARISTA NETWORKS INC      
    13645T100 CANADIAN PAC RY LTD      
    550021109 LULULEMON ATHLETICA      
    47803M168 JOHN HANCOCK II-ABSL AT COST 60,000 68,021
    31641Q755 FIDELITY NEW MRKTS I AT COST 50,000 46,015
    31620M106 FIDELITY NATL INFORM      
    097023105 BOEING COMPANY      
    00143W859 INV OPP DEVELOP MRKT AT COST 100,000 130,239
    803431410 JAMES ALPHA GL REAL AT COST 30,000 36,730
    27830W108 EV GL MACR ABS RTRN AT COST 87,500 88,451
    46647B404 JPMORGAN MID CAP VAL AT COST 44,229 51,055

    TY 2020 OtherDecreasesSchedule
    Name:
    LAKE CHARITABLE
    EIN:
    90-0244306
    Description Amount
    PY RETURN OF CAPITAL ADJ 204
    COST BASIS ADJUSTMENT 334


    TY 2020 OtherIncreasesSchedule
    Name:
    LAKE CHARITABLE
    EIN:
    90-0244306
    Description Amount
    PY PENDING SALES ADJ 4,700
    MUTUAL FUND TIMING ADJ 416


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    LAKE CHARITABLE
    EIN:
    90-0244306
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SCHOLARSHIP ADMIN FEES 8,960     8,960


    TY 2020 TaxesSchedule
    Name:
    LAKE CHARITABLE
    EIN:
    90-0244306
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 858 858   0
    FEDERAL TAX PAYMENT - PRIOR YE 561 0   0
    FEDERAL ESTIMATES - PRINCIPAL 2,980 0   0
    FOREIGN TAXES ON NONQUALIFIED 134 134   0