TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2020

Open to Public Inspection

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

Name of foundation
THE HUBBARD BROADCASTING FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)3415 UNIVERSITY AVENUE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
ST PAUL, MN55114

A Employer identification number

41-6022291

B Telephone number (see instructions)

(651) 642-4300

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$39,822,416J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	100,000
2	Check .............
3	Interest on savings and temporary cash investments	255,012		255,012
4	Dividends and interest from securities...	406,639		406,639
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		2,494,353
b	Gross sales price for all assets on line 6a 21,070,899
7	Capital gain net income (from Part IV, line 2)...			2,495,595
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	3,256,004		3,157,246
13	Compensation of officers, directors, trustees, etc.	19,510		0	46,824
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		54,762	0	25
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		279,404	278,866	538
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	353,676		278,866	47,387
25	Contributions, gifts, grants paid.......	1,184,000			1,360,167
26	Total expenses and disbursements. Add lines 24 and 25	1,537,676		278,866	1,407,554
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,718,328
b	Net investment income (if negative, enter -0-)			2,878,380
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	1,275,675	1,410,158	1,410,158
	2	Savings and temporary cash investments.........	200,191
	3	Accounts receivable 96,685
		Less: allowance for doubtful accounts		96,685	96,685
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	0	371,360	371,360
	b	Investments—corporate stock (attach schedule).......	26,907,757	30,228,518	30,228,518
	c	Investments—corporate bonds (attach schedule).......	6,294,040	7,715,695	7,715,695
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	34,677,663	39,822,416	39,822,416
	17	Accounts payable and accrued expenses..........	27,314
	18	Grants payable.................	1,539,000	1,362,833
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	1,566,314	1,362,833
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	33,111,349	38,459,583
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	33,111,349	38,459,583
	30	Total liabilities and net assets/fund balances (see instructions).	34,677,663	39,822,416

Part III

Analysis of Changes in Net Assets or Fund Balances

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

33,111,349

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

1,718,328

Other increases not included in line 2 (itemize) bullet

3,629,906

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

38,459,583

Decreases not included in line 2 (itemize) bullet

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

38,459,583

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	(d) Date sold (mo., day, yr.)
1 a	PUBLICLY TRADED SECURITIES	P	2020-12-31
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	21,070,899	18,575,304	2,495,595
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			2,495,595
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	2,495,595
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE

1 Reserved

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

Reserved...........................

Reserved,..........................

Form 990-PF (2020)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	40,009
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	40,009
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	40,009
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	29,000
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	0

7	Total credits and payments. Add lines 6a through 6d..............		7	29,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	349
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	11,358
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

BARB STRENGE Telephone no. bullet

(651) 642-4174

Located at bullet

3415 UNIVERSITY AVEST PAULMN ZIP+4 bullet

55114

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
KATHRYN HUBBARD ROMINSKI	EXEC DIRECTOR/DIRECTOR 15.00	46,824
3415 UNIVERSITY AVE ST PAUL,MN55114	EXEC DIRECTOR/DIRECTOR 15.00	46,824
STANLEY S HUBBARD	PRESIDENT/DIRECTOR 1.00	0
3415 UNIVERSITY AVE ST PAUL,MN55114	PRESIDENT/DIRECTOR 1.00	0
KAREN H HUBBARD	VICE PRES/DIRECTOR 1.00	0
3415 UNIVERSITY AVE ST PAUL,MN55114	VICE PRES/DIRECTOR 1.00	0
C THOMAS NEWBERRY	SECRETARY/TREASURER 1.00	0
3415 UNIVERSITY AVE ST PAUL,MN55114	SECRETARY/TREASURER 1.00	0
STANLEY E HUBBARD II	DIRECTOR 1.00	0
3415 UNIVERSITY AVE ST PAUL,MN55114	DIRECTOR 1.00	0
VIRGINIA H MORRIS	DIRECTOR 1.00	0
3415 UNIVERSITY AVE ST PAUL,MN55114	DIRECTOR 1.00	0
ROBERT W HUBBARD	DIRECTOR 1.00	0
3415 UNIVERSITY AVE ST PAUL,MN55114	DIRECTOR 1.00	0

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


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









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

Form 990-PF (2020)

Page 7

Part VIII

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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
MORGAN STANLEY	WEALTH ADVISORY AND MANAGEMENT	278,866
1775 I STREET NW SUITE 200 WASHINGTON,DC20006	WEALTH ADVISORY AND MANAGEMENT	278,866

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

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	N/A	0
2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	N/A	0
2


All other program-related investments. See instructions.
3		0

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

Form 990-PF (2020)

Page 8

Part X

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

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

purposes:

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

32,995,687

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

1,129,382

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

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

34,125,069

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

34,125,069

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

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

511,876

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

33,613,193

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

1,680,660

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part X, line 6....................

1,680,660

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

40,009

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

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

40,009

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

1,640,651

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

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

1,640,651

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

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

1,640,651

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,407,554

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

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

1,407,554

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b. See instructions.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

1,407,554

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					1,640,651
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......	490,446
b From 2016......
c From 2017......	893,630
d From 2018......	764,609
e From 2019......	277,257
fTotal of lines 3a through e........		2,425,942
4Qualifying distributions for 2020 from Part
XII, line 4: $ 1,407,554
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.....					1,407,554
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.		233,097			233,097
(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		2,192,845
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) ...		257,349
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		1,935,496
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....	893,630
c Excess from 2018....	764,609
d Excess from 2019....	277,257
e Excess from 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 section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

KATHRYN HUBBARD ROMINSKI
3415 UNIVERSITY AVE
ST PAUL,MN55114
(651) 642-4305

bThe form in which applications should be submitted and information and materials they should include:

SUMMARY FORM OF THE HISTORY AND PURPOSE OF THE ORGANIZATION, COPY OF IRC SECTION 501(C)(3) STATUS LETTER, SPECIFIC PROJECT OR PROGRAM THAT FUNDS WILL BE ALLOCATED TO, AND IF FUNDS ARE TO BE USED FOR OPERATING OR NON-OPERATING EXPENSES.

cAny submission deadlines:

MOST FOUNDATION ACTIVITY TAKES PLACE PRIOR TO END OF CALENDAR YEAR

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NONE

Form 990-PF (2020)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ACCESS ABILITY 360 HOOVER STREET NE MINNEAPOLIS,MN55413		PC	THE ABLE TO CAMPAIGN	10,000
ALIA 2233 UNIVERSITY AVE W 325 ST PAUL,MN55114		PC	CAPACITY AND GROWTH PLEDGE	25,000
COAST GUARD FOUNDATION 394 TAUGWONK ROAD STONINGTON,CT063781807		PC	DEPENDENT EDUCATION PROGRAM	30,000
CRESCENT COVE 3440 BELTLINE BLVD SUITE 207 ST LOUIS PARK,MN55416		PC	ADVANCEMENT PROGRAM PLEDGE	50,000
LIFETRACK RESOURCES INC 709 UNIVERSITY AVE W ST PAUL,MN55104		PC	PUT HOPE WITHIN REACH CAMPAIGN	10,000
MINNEAPOLIS HEART INSTITUTE FOUNDATION 920 E 28TH ST SUITE 100 MINNEAPOLIS,MN55407		PC	INNOVATION FUND PLEDGE	15,000
MINNESOTA ORCHESTRAL ASSOCIATION 1111 NICOLLET MALL MINNEAPOLIS,MN55403		PC	INVESTING IN INSPIRATION	10,000
MN ADULT & TEEN CHALLENGE 740 E 24TH ST MINNEAPOLIS,MN55404		PC	WOMEN'S EXPANSION PROJECT	2,500
MN HISTORICAL SOCIETY 345 W KELLOGG BLVD ST PAUL,MN55102		PC	CREATING OUR FUTURE PLEDGE	30,000
REGIONS HOSPITAL FOUNDATION 640 JACKSON ST MAIL STOP 11202C ST PAUL,MN55101		PC	NEUROSCIENCE CENTER PLEDGE	60,000
SAINT PAUL PARKS CONSERVATORY 380 JACKSON ST SUITE 287 ST PAUL,MN55101		PC	RICE PARK REVITALIZATION	7,000
ST CLOUD STATE UNIVERSITY FOUNDATION 720 FOURTH AVE SO ST CLOUD,MN56301		PC	MASS COMMUNICATIONS PLEDGE	50,000
UNIVERSITY OF MINNESOTA FOUNDATION 200 OAK STREET SE SUITE 500 MINNEAPOLIS,MN55455		PC	YEAR OF THE MOON BELL MUSEUM	25,000
UNIVERSITY OF MINNESOTA FOUNDATION 200 OAK STREET SE SUITE 500 MINNEAPOLIS,MN55455		PC	MASONIC CHILDREN'S HOSPITAL	25,000
UNIVERSITY OF MINNESOTA FOUNDATION 200 OAK STREET SE SUITE 500 MINNEAPOLIS,MN55455		PC	PAIN CONSORTIUM PLEDGE	100,000
US NAVAL INSTITUTE FOUNDATION 291 WOOD ROAD BEACH HALL ANNAPOLIS,MD21402		PC	PROCEEDINGS TRUST PLEDGE	100,000
YOUTHLINK 41 N 12TH ST MINNEAPOLIS,MN55403		PC	COMPREHENSIVE CAMPAIGN PLEDGE	25,000
BROADCAST EDUCATION ASSOCIATION 1771 N ST NW WASHINGTON,DC20036		PC	GENERAL OPERATING SUPPORT	1,000
COMMUNITIES IN SCHOOLS OF THE TWIN CITIES SUITE 307 56 6TH ST E ST PAUL,MN55101		PC	GENERAL OPERATING SUPPORT	100,000
COMMUNITY OF RECOVERING PEOPLE 1221 WAYZATA BLVD EAST WAYZATA,MN55391		PC	PHASE 3 PLEDGE	40,000
COOKIE CART 1119 W BROADWAY AVE MINNEAPOLIS,MN55411		PC	GROWING FOR GOOD CAMPAIGN	16,667
GUILD INCORPORATED 130 SO WABASHA ST SUITE 90 ST PAUL,MN55107		PC	LADDER OF HOPE	50,000
TEACH FOR AMERICA-TWIN CITIES 401 SECOND AVE NO SUITE 200 MINNEAPOLIS,MN55401		PC	GOS PLEDGE	10,000
THE REDEMPTION PROJECT 8011 34TH AVENUE SO SUITE C-11 BLOOMINGTON,MN55425		PC	GENERAL OPERATING SUPPORT	5,000
URBAN VENTURES LEADERSHIP FOUNDATION 2924 4TH AVENUE SOUTH MINNEAPOLIS,MN55408		PC	EMPOWER CAMPAIGN PLEDGE	30,000
BRIDGING 201 W 87TH ST BLOOMINGTON,MN55420		PC	CAPITAL CAMPAIGN	10,000
FRASER ROSE ROSARIO 2400 WEST 64TH STREET MINNEAPOLIS,MN55423		PC	CAPITAL PLEDGE	12,500
FRIENDS OF ASCENSION - ASCENSION CATHOLIC SCHOOL 1723 BRYANT AVE N MINNEAPOLIS,MN55411		SO I	CAPITAL PLEDGE	50,000
JUNIOR ACHIEVEMENT OF THE UPPER MIDWEST 1745 UNIVERSITY AVENUE W ST PAUL,MN55104		PC	CAPITAL PLEDGE	20,000
MINNEAPOLIS HEART INSTITUTE FOUNDATION SUITE 100 920 E 28TH ST MINNEAPOLIS,MN55407		PC	INNOVATION FUND PLEDGE	15,000
MINNEAPOLIS PARKS FOUNDATION 4800 MINNEHAHA AVENUE SOUTH MINNEAPOLIS,MN55417		PC	RIVERFIRST CAPITAL PLEDGE	12,500
MINNESOTA MUSEUM OF AMERICAN ART 408 SAINT PETER ST ST PAUL,MN55102		PC	CAPITAL PLEDGE	10,000
THE LOPPET FOUNDATION 1301 THEODORE WIRTH PARKWAY MINNEAPOLIS,MN55422		PC	TRAILHEAD CAPITAL PLEDGE	20,000
YOUTH SERVICE BUREAU INC 101 W PINE ST STILLWATER,MN55082		PC	CAPITAL EXPANSION CAMPAIGN	30,000
MINNESOTA CHILDREN'S MUSEUM ROCHESTER 1201 12TH STREET SW ROCHESTER,MN55902		PC	LEARN TODAY, LEAD TOMORROW	25,000
NEIGHBORHOOD DEVELOPMENT CENTER 663 UNIVERSITY AVE SUITE 200 ST PAUL,MN55104		PC	CAPITAL PLEDGE	30,000
THE SANNEH FOUNDATION 2090 CONWAY STREET ST PAUL,MN55119		PC	LEAD THE WAY CAPITAL PLEDGE	30,000
NORWAY HOUSE 913 EAST FRANKLIN AVE MINNEAPOLIS,MN55404		PC	KOM HJEM CAPITAL CAMPAIGN	10,000
CHARITIES REVIEW COUNCIL OF MINNESOTA 700 RAYMOND AVENUE SUITE 160 ST PAUL,MN55114		PC	GENERAL OPERATING SUPPORT	1,500
THE CHILDREN'S THEATRE COMPANY 2400 3RD AVE S MINNEAPOLIS,MN55404		PC	GENERAL OPERATING SUPPORT	1,000
CITIZENS' COUNCIL FOR HEALTH FREEDOM 161 ST ANTHONY AVE SUITE 923 ST PAUL,MN55103		PC	CHALLENGE GRANT ADMIN ASST	15,000
CORNERHOUSE 2502 10TH AVE S MINNEAPOLIS,MN55404		PC	KIDS BREAKFAST	10,000
CRISTO REY JESUIT HIGH SCHOOL 2924 FOURTH AVENUE SOUTH MINNEAPOLIS,MN55408		PC	HS ROBOTICS TEAM LOS CLASICOS	1,000
FAMILYMEANS 1875 NORTHWESTERN AVE S STILLWATER,MN55082		PC	POWER OF THE PURSE	5,000
HOSPITALITY HOUSE YOUTH DEVELOPMENT PO BOX 11008 MINNEAPOLIS,MN55411		PC	GENERAL OPERATING SUPPORT	5,000
INTERNATIONAL KHMER ASSEMBLY INC 1404 CONCORDIA AVENUE ST PAUL,MN55104		PC	GENERAL OPERATING SUPPORT	12,500
LUBAVITCH CHEDER DAY SCHOOL 1758 FORD PARKWAY ST PAUL,MN55116		PC	YEAR END MATCHING CAMPAIGN	10,000
MINNEAPOLIS INSTITUTE OF ARTS 2400 THIRD AVE S MINNEAPOLIS,MN55404		PC	GENERAL OPERATING SUPPORT	3,000
MINNESOTA MUSEUM OF AMERICAN ART 408 SAINT PETER STREET ST PAUL,MN55101		PC	NIGHT AT THE MUSEUM	2,500
MINNESOTA ORCHESTRAL ASSOCIATION 1111 NICOLLET MALL MINNEAPOLIS,MN55403		PC	SYMPHONY BALL 2020	15,000
PACER CENTER 8161 NORMANDALE BLVD MINNEAPOLIS,MN55437		PC	PACER'S 38TH ANNUAL BENEFIT	4,000
THE PARTNERSHIP PLAN 1902 SOUTH GREELEY ST SUITE 4 STILLWATER,MN55082		PC	INNOVATION CLASSROOM GRANTS	7,500
TORAH ACADEMY 2800 JOPPA AVE SO ST LOUIS PARK,MN55416		PC	ANNUAL FUNDRAISER	5,000
UNIVERSITY OF MINNESOTA FOUNDATION 200 OAK STREET SE SUITE 500 MINNEAPOLIS,MN55455		PC	COVID-19 RAPID RESPONSE PLAN	100,000
UNIVERSITY OF MINNESOTA FOUNDATION 200 OAK STREET SE SUITE 500 MINNEAPOLIS,MN55455		PC	MICROBIOME ANALYTICS CARE	50,000
WHITE HOUSE HISTORICAL ASSOCIATION PO BOX 27624 WASHINGTON,DC20038		PC	DECLARATION OF LEARNING	10,000
Total ................................. 3a				1,360,167

bApproved for future payment
COAST GUARD FOUNDATION 394 TAUGWONK ROAD STONINGTON,CT063781807	PC	DEPENDENT EDUCATION PROGRAM	60,000
CRESCENT COVE 3440 BELTLINE BLVD SUITE 207 ST LOUIS PARK,MN55416	PC	ADVANCEMENT PROGRAM PLEDGE	50,000
FREEDOM FOUNDATION OF MINNESOTA 520 NICOLLET MALL STE 510 MINNEAPOLIS,MN55402	PC	GENERAL OPERATING SUPPORT	20,000
HAMM MEMORIAL PSYCHIATRIC CLINIC 408 ST PETER ST STE 429 ST PAUL,MN55102	PC	CHEMICAL DEPENDANCY ASSESSMENT SERVICE	25,000
MINNESOTA ORCHESTRAL ASSOCIATION 1111 NICOLLET MALL MINNEAPOLIS,MN55403	PC	INVESTING IN INSPIRATION	30,000
MINNEAPOLIS HEART INSTITUTE FOUNDATION SUITE 100 920 E 28TH ST MINNEAPOLIS,MN55407	PC	INNOVATION FUND PLEDGE	15,000
MN HISTORICAL SOCIETY 345 W KELLOGG BLVD ST PAUL,MN55102	PC	CREATING OUR FUTURE PLEDGE	30,000
MN ADULT & TEEN CHALLENGE 740 E 24TH ST MINNEAPOLIS,MN55404	PC	WOMEN'S EXPANSION PROJECT	5,000
REGIONS HOSPITAL FOUNDATION 640 JACKSON ST MAIL STOP 11202C ST PAUL,MN55101	PC	NEUROSCIENCE CENTER PLEDGE	60,000
SAINT PAUL PARKS CONSERVATORY 380 JACKSON ST SUITE 287 ST PAUL,MN55101	PC	RICE PARK REVITALIZATION	7,000
SALVATION ARMY 2445 PRIOR AVE W ROSEVILLE,MN55113	PC	JOAN KROC CENTERS	100,000
ST CLOUD STATE UNIVERSITY FOUNDATION 720 FOURTH AVE SO ST CLOUD,MN56301	PC	MASS COMMUNICATIONS PLEDGE	10,000
ST OLAF COLLEGE 1520 ST OLAF AVE NORTHFIELD,MN55057	PC	IN HONOR OF DIDRIKKE A. O. STUB	100,000
UNIVERSITY OF MINNESOTA FOUNDATION 200 OAK STREET SE SUITE 500 MINNEAPOLIS,MN55455	PC	YEAR OF THE MOON BELL MUSEUM	75,000
UNIVERSITY OF MINNESOTA FOUNDATION 200 OAK STREET SE SUITE 500 MINNEAPOLIS,MN55455	PC	MASONIC CHILDREN'S HOSPITAL	50,000
VESTIBULAR DISORDERS ASSOCIATION OF AMERICA 5018 NE 15TH AVE PORTLAND,OR97211	PC	VESTIBULAR CONFERENCE	7,500
COMMUNITY OF RECOVERING PEOPLE 1221 WAYZATA BLVD EAST WAYZATA,MN55391	PC	PHASE 3 PLEDGE	160,000
COOKIE CART 1119 W BROADWAY AVE MINNEAPOLIS,MN55411	PC	GROWING FOR GOOD CAMPAIGN	33,333
URBAN VENTURES LEADERSHIP FOUNDATION 2924 4TH AVENUE SOUTH MINNEAPOLIS,MN55408	PC	EMPOWER CAMPAIGN PLEDGE	120,000
JUNIOR ACHIEVEMENT OF THE UPPER MIDWEST - BUSINESS HALL OF FAME 1800 WHITE BEAR AVENUE N MAPLEWOOD,MN55109	PC	CAPITAL CAMPAIGN	20,000
MINNEAPOLIS HEART INSTITUTE FOUNDATION SUITE 100 920 E 28TH ST MINNEAPOLIS,MN55407	PC	INNOVATION FUND PLEDGE	15,000
MINNEAPOLIS PARKS FOUNDATION 4800 MINNEHAHA AVENUE SOUTH MINNEAPOLIS,MN55417	PC	RIVERFIRST CAPITAL PLEDGE	25,000
THE LOPPET FOUNDATION 1301 THEODORE WIRTH PARKWAY MINNEAPOLIS,MN55422	PC	TRAILHEAD CAPITAL PLEDGE	20,000
YOUTH SERVICE BUREAU INC 101 W PINE ST STILLWATER,MN55082	PC	CAPITAL EXPANSION CAMPAIGN	60,000
MINNESOTA CHILDREN'S MUSEUM ROCHESTER 1201 12TH STREET SW ROCHESTER,MN55902	PC	LEARN TODAY, LEAD TOMORROW	25,000
NEIGHBORHOOD DEVELOPMENT CENTER 663 UNIVERSITY AVE SUITE 200 ST PAUL,MN55104	PC	CAPITAL PLEDGE	120,000
THE SANNEH FOUNDATION 2090 CONWAY STREET ST PAUL,MN55119	PC	LEAD THE WAY CAPITAL PLEDGE	120,000
Total ................................. 3b			1,362,833

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	255,012
4 Dividends and interest from securities....			14	406,639
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	2,494,353
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		3,156,004	0

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

3,156,004

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2020)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Form 990PF Part XV Line 3 - Grants and Contributions Paid During the Year or Approved for Future Payment

Recipient	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)	Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ACCESS ABILITY360 HOOVER STREET NE MINNEAPOLIS,MN55413	PC	THE ABLE TO CAMPAIGN	10,000
ALIA2233 UNIVERSITY AVE W 325 ST PAUL,MN55114	PC	CAPACITY AND GROWTH PLEDGE	25,000
COAST GUARD FOUNDATION394 TAUGWONK ROAD STONINGTON,CT063781807	PC	DEPENDENT EDUCATION PROGRAM	30,000
CRESCENT COVE3440 BELTLINE BLVD SUITE 207 ST LOUIS PARK,MN55416	PC	ADVANCEMENT PROGRAM PLEDGE	50,000
LIFETRACK RESOURCES INC709 UNIVERSITY AVE W ST PAUL,MN55104	PC	PUT HOPE WITHIN REACH CAMPAIGN	10,000
MINNEAPOLIS HEART INSTITUTE FOUNDATION920 E 28TH ST SUITE 100 MINNEAPOLIS,MN55407	PC	INNOVATION FUND PLEDGE	15,000
MINNESOTA ORCHESTRAL ASSOCIATION1111 NICOLLET MALL MINNEAPOLIS,MN55403	PC	INVESTING IN INSPIRATION	10,000
MN ADULT & TEEN CHALLENGE740 E 24TH ST MINNEAPOLIS,MN55404	PC	WOMEN'S EXPANSION PROJECT	2,500
MN HISTORICAL SOCIETY345 W KELLOGG BLVD ST PAUL,MN55102	PC	CREATING OUR FUTURE PLEDGE	30,000
REGIONS HOSPITAL FOUNDATION640 JACKSON ST MAIL STOP 11202C ST PAUL,MN55101	PC	NEUROSCIENCE CENTER PLEDGE	60,000
SAINT PAUL PARKS CONSERVATORY380 JACKSON ST SUITE 287 ST PAUL,MN55101	PC	RICE PARK REVITALIZATION	7,000
ST CLOUD STATE UNIVERSITY FOUNDATION720 FOURTH AVE SO ST CLOUD,MN56301	PC	MASS COMMUNICATIONS PLEDGE	50,000
UNIVERSITY OF MINNESOTA FOUNDATION200 OAK STREET SE SUITE 500 MINNEAPOLIS,MN55455	PC	YEAR OF THE MOON BELL MUSEUM	25,000
UNIVERSITY OF MINNESOTA FOUNDATION200 OAK STREET SE SUITE 500 MINNEAPOLIS,MN55455	PC	MASONIC CHILDREN'S HOSPITAL	25,000
UNIVERSITY OF MINNESOTA FOUNDATION200 OAK STREET SE SUITE 500 MINNEAPOLIS,MN55455	PC	PAIN CONSORTIUM PLEDGE	100,000
US NAVAL INSTITUTE FOUNDATION291 WOOD ROAD BEACH HALL ANNAPOLIS,MD21402	PC	PROCEEDINGS TRUST PLEDGE	100,000
YOUTHLINK41 N 12TH ST MINNEAPOLIS,MN55403	PC	COMPREHENSIVE CAMPAIGN PLEDGE	25,000
BROADCAST EDUCATION ASSOCIATION1771 N ST NW WASHINGTON,DC20036	PC	GENERAL OPERATING SUPPORT	1,000
COMMUNITIES IN SCHOOLS OF THE TWIN CITIESSUITE 307 56 6TH ST E ST PAUL,MN55101	PC	GENERAL OPERATING SUPPORT	100,000
COMMUNITY OF RECOVERING PEOPLE1221 WAYZATA BLVD EAST WAYZATA,MN55391	PC	PHASE 3 PLEDGE	40,000
COOKIE CART1119 W BROADWAY AVE MINNEAPOLIS,MN55411	PC	GROWING FOR GOOD CAMPAIGN	16,667
GUILD INCORPORATED130 SO WABASHA ST SUITE 90 ST PAUL,MN55107	PC	LADDER OF HOPE	50,000
TEACH FOR AMERICA-TWIN CITIES401 SECOND AVE NO SUITE 200 MINNEAPOLIS,MN55401	PC	GOS PLEDGE	10,000
THE REDEMPTION PROJECT8011 34TH AVENUE SO SUITE C-11 BLOOMINGTON,MN55425	PC	GENERAL OPERATING SUPPORT	5,000
URBAN VENTURES LEADERSHIP FOUNDATION2924 4TH AVENUE SOUTH MINNEAPOLIS,MN55408	PC	EMPOWER CAMPAIGN PLEDGE	30,000
BRIDGING201 W 87TH ST BLOOMINGTON,MN55420	PC	CAPITAL CAMPAIGN	10,000
FRASERROSE ROSARIO 2400 WEST 64TH STREET MINNEAPOLIS,MN55423	PC	CAPITAL PLEDGE	12,500
FRIENDS OF ASCENSION - ASCENSION CATHOLIC SCHOOL1723 BRYANT AVE N MINNEAPOLIS,MN55411	SO I	CAPITAL PLEDGE	50,000
JUNIOR ACHIEVEMENT OF THE UPPER MIDWEST1745 UNIVERSITY AVENUE W ST PAUL,MN55104	PC	CAPITAL PLEDGE	20,000
MINNEAPOLIS HEART INSTITUTE FOUNDATIONSUITE 100 920 E 28TH ST MINNEAPOLIS,MN55407	PC	INNOVATION FUND PLEDGE	15,000
MINNEAPOLIS PARKS FOUNDATION4800 MINNEHAHA AVENUE SOUTH MINNEAPOLIS,MN55417	PC	RIVERFIRST CAPITAL PLEDGE	12,500
MINNESOTA MUSEUM OF AMERICAN ART408 SAINT PETER ST ST PAUL,MN55102	PC	CAPITAL PLEDGE	10,000
THE LOPPET FOUNDATION1301 THEODORE WIRTH PARKWAY MINNEAPOLIS,MN55422	PC	TRAILHEAD CAPITAL PLEDGE	20,000
YOUTH SERVICE BUREAU INC101 W PINE ST STILLWATER,MN55082	PC	CAPITAL EXPANSION CAMPAIGN	30,000
MINNESOTA CHILDREN'S MUSEUM ROCHESTER1201 12TH STREET SW ROCHESTER,MN55902	PC	LEARN TODAY, LEAD TOMORROW	25,000
NEIGHBORHOOD DEVELOPMENT CENTER663 UNIVERSITY AVE SUITE 200 ST PAUL,MN55104	PC	CAPITAL PLEDGE	30,000
THE SANNEH FOUNDATION2090 CONWAY STREET ST PAUL,MN55119	PC	LEAD THE WAY CAPITAL PLEDGE	30,000
NORWAY HOUSE913 EAST FRANKLIN AVE MINNEAPOLIS,MN55404	PC	KOM HJEM CAPITAL CAMPAIGN	10,000
CHARITIES REVIEW COUNCIL OF MINNESOTA700 RAYMOND AVENUE SUITE 160 ST PAUL,MN55114	PC	GENERAL OPERATING SUPPORT	1,500
THE CHILDREN'S THEATRE COMPANY2400 3RD AVE S MINNEAPOLIS,MN55404	PC	GENERAL OPERATING SUPPORT	1,000
CITIZENS' COUNCIL FOR HEALTH FREEDOM161 ST ANTHONY AVE SUITE 923 ST PAUL,MN55103	PC	CHALLENGE GRANT ADMIN ASST	15,000
CORNERHOUSE2502 10TH AVE S MINNEAPOLIS,MN55404	PC	KIDS BREAKFAST	10,000
CRISTO REY JESUIT HIGH SCHOOL2924 FOURTH AVENUE SOUTH MINNEAPOLIS,MN55408	PC	HS ROBOTICS TEAM LOS CLASICOS	1,000
FAMILYMEANS1875 NORTHWESTERN AVE S STILLWATER,MN55082	PC	POWER OF THE PURSE	5,000
HOSPITALITY HOUSE YOUTH DEVELOPMENTPO BOX 11008 MINNEAPOLIS,MN55411	PC	GENERAL OPERATING SUPPORT	5,000
INTERNATIONAL KHMER ASSEMBLY INC1404 CONCORDIA AVENUE ST PAUL,MN55104	PC	GENERAL OPERATING SUPPORT	12,500
LUBAVITCH CHEDER DAY SCHOOL1758 FORD PARKWAY ST PAUL,MN55116	PC	YEAR END MATCHING CAMPAIGN	10,000
MINNEAPOLIS INSTITUTE OF ARTS2400 THIRD AVE S MINNEAPOLIS,MN55404	PC	GENERAL OPERATING SUPPORT	3,000
MINNESOTA MUSEUM OF AMERICAN ART408 SAINT PETER STREET ST PAUL,MN55101	PC	NIGHT AT THE MUSEUM	2,500
MINNESOTA ORCHESTRAL ASSOCIATION1111 NICOLLET MALL MINNEAPOLIS,MN55403	PC	SYMPHONY BALL 2020	15,000
PACER CENTER8161 NORMANDALE BLVD MINNEAPOLIS,MN55437	PC	PACER'S 38TH ANNUAL BENEFIT	4,000
THE PARTNERSHIP PLAN1902 SOUTH GREELEY ST SUITE 4 STILLWATER,MN55082	PC	INNOVATION CLASSROOM GRANTS	7,500
TORAH ACADEMY2800 JOPPA AVE SO ST LOUIS PARK,MN55416	PC	ANNUAL FUNDRAISER	5,000
UNIVERSITY OF MINNESOTA FOUNDATION200 OAK STREET SE SUITE 500 MINNEAPOLIS,MN55455	PC	COVID-19 RAPID RESPONSE PLAN	100,000
UNIVERSITY OF MINNESOTA FOUNDATION200 OAK STREET SE SUITE 500 MINNEAPOLIS,MN55455	PC	MICROBIOME ANALYTICS CARE	50,000
WHITE HOUSE HISTORICAL ASSOCIATIONPO BOX 27624 WASHINGTON,DC20038	PC	DECLARATION OF LEARNING	10,000
Total ............................... 3a			1,360,167
bApproved for future payment
COAST GUARD FOUNDATION394 TAUGWONK ROAD STONINGTON,CT063781807	PC	DEPENDENT EDUCATION PROGRAM	60,000
CRESCENT COVE3440 BELTLINE BLVD SUITE 207 ST LOUIS PARK,MN55416	PC	ADVANCEMENT PROGRAM PLEDGE	50,000
FREEDOM FOUNDATION OF MINNESOTA520 NICOLLET MALL STE 510 MINNEAPOLIS,MN55402	PC	GENERAL OPERATING SUPPORT	20,000
HAMM MEMORIAL PSYCHIATRIC CLINIC408 ST PETER ST STE 429 ST PAUL,MN55102	PC	CHEMICAL DEPENDANCY ASSESSMENT SERVICE	25,000
MINNESOTA ORCHESTRAL ASSOCIATION1111 NICOLLET MALL MINNEAPOLIS,MN55403	PC	INVESTING IN INSPIRATION	30,000
MINNEAPOLIS HEART INSTITUTE FOUNDATIONSUITE 100 920 E 28TH ST MINNEAPOLIS,MN55407	PC	INNOVATION FUND PLEDGE	15,000
MN HISTORICAL SOCIETY345 W KELLOGG BLVD ST PAUL,MN55102	PC	CREATING OUR FUTURE PLEDGE	30,000
MN ADULT & TEEN CHALLENGE740 E 24TH ST MINNEAPOLIS,MN55404	PC	WOMEN'S EXPANSION PROJECT	5,000
REGIONS HOSPITAL FOUNDATION640 JACKSON ST MAIL STOP 11202C ST PAUL,MN55101	PC	NEUROSCIENCE CENTER PLEDGE	60,000
SAINT PAUL PARKS CONSERVATORY380 JACKSON ST SUITE 287 ST PAUL,MN55101	PC	RICE PARK REVITALIZATION	7,000
SALVATION ARMY2445 PRIOR AVE W ROSEVILLE,MN55113	PC	JOAN KROC CENTERS	100,000
ST CLOUD STATE UNIVERSITY FOUNDATION720 FOURTH AVE SO ST CLOUD,MN56301	PC	MASS COMMUNICATIONS PLEDGE	10,000
ST OLAF COLLEGE1520 ST OLAF AVE NORTHFIELD,MN55057	PC	IN HONOR OF DIDRIKKE A. O. STUB	100,000
UNIVERSITY OF MINNESOTA FOUNDATION200 OAK STREET SE SUITE 500 MINNEAPOLIS,MN55455	PC	YEAR OF THE MOON BELL MUSEUM	75,000
UNIVERSITY OF MINNESOTA FOUNDATION200 OAK STREET SE SUITE 500 MINNEAPOLIS,MN55455	PC	MASONIC CHILDREN'S HOSPITAL	50,000
VESTIBULAR DISORDERS ASSOCIATION OF AMERICA5018 NE 15TH AVE PORTLAND,OR97211	PC	VESTIBULAR CONFERENCE	7,500
COMMUNITY OF RECOVERING PEOPLE1221 WAYZATA BLVD EAST WAYZATA,MN55391	PC	PHASE 3 PLEDGE	160,000
COOKIE CART1119 W BROADWAY AVE MINNEAPOLIS,MN55411	PC	GROWING FOR GOOD CAMPAIGN	33,333
URBAN VENTURES LEADERSHIP FOUNDATION2924 4TH AVENUE SOUTH MINNEAPOLIS,MN55408	PC	EMPOWER CAMPAIGN PLEDGE	120,000
JUNIOR ACHIEVEMENT OF THE UPPER MIDWEST - BUSINESS HALL OF FAME1800 WHITE BEAR AVENUE N MAPLEWOOD,MN55109	PC	CAPITAL CAMPAIGN	20,000
MINNEAPOLIS HEART INSTITUTE FOUNDATIONSUITE 100 920 E 28TH ST MINNEAPOLIS,MN55407	PC	INNOVATION FUND PLEDGE	15,000
MINNEAPOLIS PARKS FOUNDATION4800 MINNEHAHA AVENUE SOUTH MINNEAPOLIS,MN55417	PC	RIVERFIRST CAPITAL PLEDGE	25,000
THE LOPPET FOUNDATION1301 THEODORE WIRTH PARKWAY MINNEAPOLIS,MN55422	PC	TRAILHEAD CAPITAL PLEDGE	20,000
YOUTH SERVICE BUREAU INC101 W PINE ST STILLWATER,MN55082	PC	CAPITAL EXPANSION CAMPAIGN	60,000
MINNESOTA CHILDREN'S MUSEUM ROCHESTER1201 12TH STREET SW ROCHESTER,MN55902	PC	LEARN TODAY, LEAD TOMORROW	25,000
NEIGHBORHOOD DEVELOPMENT CENTER663 UNIVERSITY AVE SUITE 200 ST PAUL,MN55104	PC	CAPITAL PLEDGE	120,000
THE SANNEH FOUNDATION2090 CONWAY STREET ST PAUL,MN55119	PC	LEAD THE WAY CAPITAL PLEDGE	120,000
Total ................................ 3b			1,362,833

- TIN:

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

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

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

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

OMB No. 1545-0047

2020

Name of the organization

THE HUBBARD BROADCASTING FOUNDATION

Employer identification number

41-6022291

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

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

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

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

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

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

Special Rules

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

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

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

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2

Name of organization THE HUBBARD BROADCASTING FOUNDATION

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	STANLEY S HUBBARD 3415 UNIVERSITY AVE ST PAUL, MN55114	$ 100,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Page 3

Name of organization THE HUBBARD BROADCASTING FOUNDATION		Employer identification number 41-6022291

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Page 4


Name of organization THE HUBBARD BROADCASTING FOUNDATION			Employer identification number 41-6022291
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Additional Data

Software ID:
Software Version:

- TIN:

TY 2020 AllOthProgRltdInvestmentsSch

Name:

THE HUBBARD BROADCASTING FOUNDATION

EIN:

41-6022291

Category	Amount
N/A	0

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

THE HUBBARD BROADCASTING FOUNDATION

EIN:

41-6022291

Name of Bond	End of Year Book Value	End of Year Fair Market Value
TOYOTAMOTOR CREDIT CORP	200,130	200,130
MERCK& CO INC	200,134	200,134
THE BANK OF NEWYORKMELLON CORP	170,474	170,474
UNILEVER CAPITAL CORP	150,576	150,576
JPMORGAN CHASE & CO	300,477	300,477
CITIGROUP INC	208,536	208,536
BANKOF AMERICACORP	158,529	158,529
THE GOLDMAN SACHS GROUP INC	264,250	264,250
APPLE INC	201,068	201,068
HEWLETT PACKARD ENTERPRISE CO	318,654	318,654
LOCKHEED MARTIN CORP	262,728	262,728
BERKSHIRE HATHAWAYINC	131,871	131,871
DAIMLER FINANCE NORTH AMERICALLC REGS	158,745	158,745
CHEVRON CORP	319,068	319,068
ORACLE CORP	379,390	379,390
WELLS FARGO& CO	250,245	250,245
US BANCORP	191,844	191,844
THERMOFISHER SCIENTIFIC INC	220,528	220,528
BP CAPITAL MARKETS PLC	274,563	274,563
HSBC HOLDINGS PLC	214,340	214,340
BANKOF AMERICACORP	111,006	111,006
SEAGATE HDD CAYMAN	236,124	236,124
ANHEUSER-BUSCH INBEV WORLDWIDE INC	199,271	199,271
COMCAST CORP	221,124	221,124
THE WALT DISNEYCO	304,862	304,862
AMERICAN TOWER CORP	338,817	338,817
MICROSOFT CORP	167,691	167,691
CIGNACORP	293,090	293,090
GILEAD SCIENCES INC	340,344	340,344
HSBC HOLDINGS PLC	345,648	345,648
CONOCOPHILLIPS CO	300,173	300,173
CITIGROUP INC	281,395	281,395

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

THE HUBBARD BROADCASTING FOUNDATION

EIN:

41-6022291

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABORATORIES (ABT)	71,169	71,169
ABBVIE INC COM (ABBV)	133,616	133,616
ACCENTURE PLCIRELAND CL A(ACN)	123,814	123,814
AKAMAI TECHNOLOGIES INC (AKAM)	157,170	157,170
ALEXION PHARM INC (ALXN)	50,778	50,778
ALPHABET INC CL A(GOOGL)	268,154	268,154
AMAZON COM INC (AMZN)	468,998	468,998
AMGEN INC (AMGN)	162,324	162,324
APPLE INC (AAPL)	588,480	588,480
AUTOZONE INC (AZO)	175,445	175,445
BERRYGLOBAL GROUP INC (BERY)	66,248	66,248
BROADCOM INC (AVGO)	180,394	180,394
CDWCORPORATION (CDW)	54,561	54,561
CERNER CORP (CERN)	143,932	143,932
CISCOSYS INC (CSCO)	53,432	53,432
CITRIXSYSTEMS INC (CTXS)	146,232	146,232
CLOROXCO (CLX)	130,036	130,036
COMCAST CORP (NEW) CLASS A(CMCSA)	111,612	111,612
COOPER CO INC NEW (COO)	98,096	98,096
COSTCOWHOLESALE CORP NEW (COST)	208,736	208,736
DANAHER CORPORATION (DHR)	134,173	134,173
ECOLAB INC (ECL)	62,528	62,528
EXPEDITORS INTL WASH INC (EXPD)	57,542	57,542
F5 NETWORKS INC (FFIV)	147,086	147,086
FACEBOOK INC CL-A (FB)	166,081	166,081
FASTENAL CO (FAST)	59,866	59,866
FISERV INC COM (FISV)	65,697	65,697
HOME DEPOT INC (HD)	142,372	142,372
HONEYWELL INTERNATIONAL INC (HON)	52,962	52,962
ILL TOOL WORKS INC (ITW)	90,523	90,523
JOHNSON & JOHNSON (JNJ)	70,506	70,506
KEURIGDR PEPPER INC COM (KDP)	86,208	86,208
LOCKHEED MARTIN CORP (LMT)	90,165	90,165
MARSH & MCLENNAN COS INC (MMC)	127,764	127,764
MASTERCARD INC CL A(MA)	116,719	116,719
MC CORMICK AND CONON VOTING(MKC)	139,289	139,289
MICROSOFT CORP (MSFT)	423,265	423,265
NIKE INC B (NKE)	94,785	94,785
ORACLE CORP (ORCL)	183,526	183,526
REPUBLIC SERVICES INC (RSG)	30,431	30,431
SYNOPSYS INC (SNPS)	73,106	73,106
TARGET CORPORATION (TGT)	134,339	134,339
TJXCOS INC NEW (TJX)	85,499	85,499
TRACTOR SUPPLYCO (TSCO)	65,791	65,791
UNION PACIFIC CORP (UNP)	69,754	69,754
UNITEDHEALTH GP INC (UNH)	124,491	124,491
VERISK ANALYTICS INC COM (VRSK)	105,041	105,041
VERIZON COMMUNICATIONS (VZ)	144,878	144,878
VMWARE INC CLASS A(VMW)	33,943	33,943
WALT DISNEYCOHLDGCO (DIS)	47,650	47,650
ABBOTT LABORATORIES (ABT)	8,978	8,978
ACCENTURE PLC IRELAND CL A(ACN)	31,345	31,345
AIR PROD & CHEM INC (APD)	54,644	54,644
ALEXANDRIAREAL ESTATE EQ INC (ARE)	16,040	16,040
ALTRIAGROUP INC (MO)	27,757	27,757
AMERICAN EXPRESS CO (AXP)	62,510	62,510
AMERISOURCEBERGEN CORP (ABC)	33,238	33,238
AMGEN INC (AMGN)	22,992	22,992
ANALOG DEVICES INC (ADI)	93,365	93,365
APPLE INC (AAPL)	34,499	34,499
ARTHUR JGALLAGHER (AJG)	32,659	32,659
AUTOMATIC DATAPROCESSINGINC (ADP)	37,707	37,707
AVALONBAYCOMM INC (AVB)	26,952	26,952
BANKOF AMERICACORP (BAC)	88,020	88,020
BECTON DICKINSON & CO (BDX)	41,787	41,787
BEST BUYCO (BBY)	39,816	39,816
BLACKROCK INC (BLK)	104,623	104,623
BOSTON PROPERTIES INC (BXP)	10,776	10,776
BRISTOL MYERS SQUIBB CO (BMY)	92,363	92,363
CAPITAL ONE FINANCIAL CORP (COF)	19,869	19,869
CHARLES SCHWAB NEW (SCHW)	43,334	43,334
CHEVRON CORP (CVX)	57,257	57,257
CHUBB LTD (CB)	44,945	44,945
CITIGROUP INC NEW (C)	21,458	21,458
CME GROUP INC (CME)	84,835	84,835
CMS ENERGYCP (CMS)	34,349	34,349
COCACOLACO (KO)	37,894	37,894
COMCAST CORP (NEW) CLASS A(CMCSA)	111,979	111,979
CONOCOPHILLIPS (COP)	62,544	62,544
CVS HEALTH CORP COM (CVS)	35,584	35,584
DEERE & CO (DE)	53,810	53,810
DOVER CORP (DOV)	81,810	81,810
EATON CORP PLC SHS (ETN)	72,805	72,805
ELI LILLY& CO (LLY)	53,860	53,860
ENTERGYCORP NEW (ETR)	20,867	20,867
EOG RESOURCES INC (EOG)	21,893	21,893
FIDELITYNATL INFORMATION SE (FIS)	50,643	50,643
GENL DYNAMICS CORP (GD)	51,789	51,789
HARTFORD FIN SERS GRP INC (HIG)	33,796	33,796
HASBRO INC (HAS)	32,833	32,833
HOME DEPOT INC (HD)	71,452	71,452
HONEYWELL INTERNATIONAL INC (HON)	40,413	40,413
INTL BUSINESS MACHINES CORP (IBM)	34,995	34,995
JOHNSON & JOHNSON (JNJ)	93,956	93,956
MARSH & MCLENNAN COS INC (MMC)	13,923	13,923
MC DONALDS CORP (MCD)	62,228	62,228
MEDTRONIC PLC SHS (MDT)	83,404	83,404
MERCK& CO INC NEWCOM (MRK)	33,374	33,374
METLIFE INCORPORATED (MET)	31,973	31,973
MICROSOFT CORP (MSFT)	63,167	63,167
MONDELEZ INTL INC COM (MDLZ)	64,726	64,726
MORGAN STANLEY (MS)	70,997	70,997
NEXTERAENERGYINC (NEE)	81,933	81,933
NORFOLKSOUTHERN CORP (NSC)	53,700	53,700
NORTHERN TRUST CORP (NTRS)	19,280	19,280
NORTHROP GRUMMAN CP(HLDGCO) (NOC)	30,777	30,777
OTIS WORLDWIDE CORP (OTIS)	13,375	13,375
PARKER HANNIFIN CORP (PH)	73,006	73,006
PEPSICO INC NC (PEP)	53,388	53,388
PFIZER INC (PFE)	26,209	26,209
PHILIP MORRIS INTL INC (PM)	80,306	80,306
PNC FINL SVCS GP (PNC)	91,337	91,337
PPGINDUSTRIES INC (PPG)	64,755	64,755
PROCTER & GAMBLE (PG)	45,777	45,777
PROGRESSIVE CORP OHIO (PGR)	33,718	33,718
PROLOGIS INC COM (PLD)	17,739	17,739
PUBLIC SERVICE ENTERPRISE GP (PEG)	23,845	23,845
RAYTHEON TECHNOLOGIES CORP (RTX)	69,079	69,079
REALTY INCOME CORP (O)	7,025	7,025
REPUBLIC SERVICES INC (RSG)	35,535	35,535
STANLEYBLACK& DECKER INC (SWK)	36,426	36,426
STARBUCKS CORP WASHINGTON (SBUX)	31,773	31,773
SYSCOCORP (SYY)	61,190	61,190
T ROWE PRICE GROUP INC (TROW)	39,361	39,361
TEXAS INSTRUMENTS (TXN)	90,107	90,107
TJX COS INC NEW (TJX)	52,447	52,447
TRANE TECHNOLOGIES PLC (TT)	23,806	23,806
TRUIST FINL CORP (TFC)	40,884	40,884
US BANCORP COM NEW (USB)	42,164	42,164
UNITEDHEALTH GP INC (UNH)	80,306	80,306
VF CORP (VFC)	23,317	23,317
VALEROENERGYCP DELANEW (VLO)	11,597	11,597
VENTAS INC (VTR)	15,595	15,595
VERIZON COMMUNICATIONS (VZ)	67,563	67,563
VORNADOREALTYTRUST (VNO)	4,331	4,331
WALMART INC (WMT)	57,372	57,372
XCEL ENERGYINC (XEL)	44,669	44,669
ADOBE INC (ADBE)	180,043	180,043
ALCON INC (ALC)	95,737	95,737
ALLEGION PUB LTD CO (ALLE)	103,113	103,113
AMERIPRISE FINCL INC (AMP)	108,047	108,047
AMGEN INC (AMGN)	119,328	119,328
ANSYS INC (ANSS)	171,714	171,714
CABOT OIL & GAS CORP A(COG)	79,951	79,951
CAPITAL ONE FINANCIAL CORP (COF)	106,956	106,956
CHUBB LTD (CB)	68,956	68,956
CINCINNATI FINANCIAL OHIO (CINF)	61,683	61,683
COCACOLACO (KO)	109,680	109,680
COMMERCE BANCSHARES (CBSH)	64,123	64,123
CORTEVAINC (CTVA)	109,655	109,655
CULLEN FROST BANKERS INC (CFR)	65,335	65,335
DANAHER CORPORATION (DHR)	168,382	168,382
EAST WEST BANCORP (EWBC)	58,164	58,164
ELANCOANIMAL HEALTH INC (ELAN)	101,364	101,364
EQUITYLIFESTYLE PROPERTIES (ELS)	48,534	48,534
GENL DYNAMICS CORP (GD)	70,243	70,243
JOHNSON CTLS INTL PLC (JCI)	98,351	98,351
JPMORGAN CHASE & CO (JPM)	104,452	104,452
LENNAR CORPORATION (LEN)	121,434	121,434
MARTIN MARIETTAMATERIALS (MLM)	107,057	107,057
MEDTRONIC PLC SHS (MDT)	115,383	115,383
MICHELIN COMPAGNIE GENERALE DE (MGDDY)	72,608	72,608
MICROCHIP TECHNOLOGY INC (MCHP)	129,133	129,133
MICROSOFT CORP (MSFT)	185,276	185,276
MITSUBISHI UFJ FINCL GRP ADS (MUFG)	47,840	47,840
NOVARTIS AGADR (NVS)	83,759	83,759
PARKER HANNIFIN CORP (PH)	116,864	116,864
PAYPAL HLDGS INC COM (PYPL)	98,598	98,598
PHILLIPS 66 COM (PSX)	55,253	55,253
PIONEER NATURAL RESOURCES CO (PXD)	42,709	42,709
PNC FINL SVCS GP (PNC)	89,400	89,400
PROCTER & GAMBLE (PG)	108,807	108,807
QUALCOMM INC (QCOM)	145,942	145,942
R P M INC (RPM)	111,750	111,750
SONYCORP ADR 1974 NEW (SNE)	128,700	128,700
SUN COMMUNITIES INC (SUI)	49,536	49,536
TWITTER INC (TWTR)	99,040	99,040
TYSON FOODS INC CL A(TSN)	63,022	63,022
WALGREENS BOOTS ALLIANCE INC (WBA)	40,797	40,797
XYLEM INC COM (XYL)	105,251	105,251
ACUSHNET HOLDINGS CORP (GOLF)	123,120	123,120
APTARGROUP INC (ATR)	47,501	47,501
ARTISAN PARTNERS ASSET MGMT (APAM)	76,366	76,366
ASPEN TECHNOLOGY INC (AZPN)	140,800	140,800
ATRION CORP (ATRI)	49,452	49,452
AUTOHOME INC SP ADR RP CL A(ATHM)	205,616	205,616
CORVEL CORP (CRVL)	90,630	90,630
DONALDSON CO INC (DCI)	49,957	49,957
DRILL-QUIP INC (DRQ)	43,008	43,008
EMCOR GROUP INC (EME)	143,684	143,684
FACTSET RESEARCH SYSTEMS INC (FDS)	106,068	106,068
FIRST HAWAIIAN INC (FHB)	165,720	165,720
FTI CONSULTINGINC (FCN)	135,293	135,293
GRACO INC (GGG)	154,106	154,106
JACKHENRY& ASSOC INC (JKHY)	63,662	63,662
MANHATTAN ASSOC INC (MANH)	118,222	118,222
MOELIS & COMPANYCL A(MC)	94,034	94,034
POOL CORP (POOL)	189,603	189,603
PRICESMART INC (PSMT)	75,605	75,605
PRIMERICAINC (PRI)	150,537	150,537
RBC BEARINGS INC (ROLL)	86,834	86,834
RIGHTMOVE PLC UNSPON ADR (RTMVY)	158,594	158,594
RLI CORP (RLI)	80,820	80,820
SIMPSON MANUFACTURINGCO INC (SSD)	109,897	109,897
TELEDYNE TECH INC (TDY)	237,148	237,148
TOROCO (TTC)	133,535	133,535
WATTS WTR TECH INC A(WTS)	115,493	115,493
ADTRAN INC (ADTN)	10,959	10,959
ALEXANDER & BALDWIN INC (ALEX)	7,353	7,353
ALLSCRIPTS HEALTHCARE SOLU INC (MDRX)	29,414	29,414
AMERN AXLE & MFGHLDGS INC (AXL)	6,697	6,697
APPLIED IND TECH INC (AIT)	29,636	29,636
ASSURED GUARANTYLTD (AGO)	13,383	13,383
AVNET INC (AVT)	12,710	12,710
BANCORP INC (TBBK)	11,725	11,725
BEACON ROOFINGSUPPLY INC (BECN)	27,972	27,972
BERRYGLOBAL GROUP INC (BERY)	35,793	35,793
BRINK'S COMPANYCOM (BCO)	55,512	55,512
BRIXMOR PPTYGROUP INC (BRX)	45,446	45,446
BROOKLINE BANCORP INC NEW (BRKL)	17,458	17,458
BUILDERS FIRSTSOURCE INC (BLDR)	10,978	10,978
CABOT CORP (CBT)	46,900	46,900
CELANESE CORP SERIES ACOM STK (CE)	7,796	7,796
CHATHAM LODGINGTRUST COM (CLDT)	12,409	12,409
CIT GROUP INC NEW (CIT)	45,521	45,521
CNOFINL GROUP INC COM (CNO)	56,042	56,042
COLONYCAP INC CL A(CLNY)	7,701	7,701
COLUMBIASPORTSWEAR CO (COLM)	27,088	27,088
COMMERCIAL METALS CO (CMC)	7,292	7,292
COMMSCOPE HOLDINGCOMPANY INC (COMM)	17,983	17,983
COOPER STANDARD HOLDINGINC (CPS)	14,561	14,561
COVANTAHOLDINGCORP (CVA)	30,790	30,790
CROWN HLDGS INC (HOLDINGCO) (CCK)	45,992	45,992
DESIGNER BRANDS INC CL A(DBI)	6,250	6,250
DOLBYCLAACOM STK (DLB)	11,850	11,850
EAGLE MATLS INC (EXP)	18,344	18,344
ENERGIZER HLDGS INC (ENR)	21,681	21,681
ENERPAC TOOL GROUP CORP CL A(EPAC)	9,293	9,293
ENSTAR GROUP LTD (ESGR)	11,064	11,064
FIRST HAWAIIAN INC (FHB)	46,311	46,311
FIRST HORIZON CORPORATION (FHN)	84,880	84,880
FIRST MIDWBNCP DELA(FMBI)	49,639	49,639
FLEXTRONICS INTL LTD (FLEX)	9,080	9,080
FNB CORPORATION (FNB)	63,555	63,555
FRANKLIN STREET PPTYS CORP (FSP)	11,174	11,174
GENTHERM INC COM (THRM)	35,088	35,088
GLATFELTER CORPORATION (GLT)	11,777	11,777
GRANITE CONSTR INC (GVA)	29,087	29,087
GRAPHIC PACKAGINGHOLDINGCO (GPK)	79,516	79,516
GREIF BROS CORP CL A(GEF)	18,002	18,002
HARSCOCORP (HSC)	8,145	8,145
HERMAN MILLER INC (MLHR)	29,440	29,440
HOPE BANCORP, INC. (HOPE)	36,276	36,276
HYSTER-YALE MATLS HANDLINGA(HY)	12,922	12,922
INVESTORS BANCORP INC NEW (ISBC)	96,603	96,603
JANUS HENDERSON GROUP (JHG)	15,377	15,377
JELD WEN HLD INC (JELD)	49,883	49,883
KENNAMETAL INC (KMT)	21,998	21,998
KEYCORP NEW (KEY)	56,352	56,352
KITE RLTYGROUP TR (KRG)	25,552	25,552
KLXENERGYSERVICES HOLDS INC (KLXE)	885	885
KOPPERS HOLDINGS INC (KOP)	21,220	21,220
MATSON INC COM (MATX)	50,305	50,305
MRC GLOBAL INC COM (MRC)	9,547	9,547
MTS SYSTEMS CORP (MTSC)	20,356	20,356
NCR CORPORATION (NCR)	35,429	35,429
OLIN CORPORATION (OLN)	41,703	41,703
PATTERSON -UTI ENERGYINC (PTEN)	16,459	16,459
PBF ENERGYINC (PBF)	2,592	2,592
PEBBLEBROOK HOTEL TR COM (PEB)	28,557	28,557
PORTLAND GENERAL ELEC CO (POR)	35,970	35,970
PRIMOWTR CORP (PRMW)	27,079	27,079
RANGE RESOURCES CORP (RRC)	9,735	9,735
RAYONIER INCORPORATED (RYN)	26,795	26,795
RESIDEOTECHNOLOGIES INC (REZI)	35,951	35,951
RETAIL PPTYS AMER CL-A(RPAI)	9,262	9,262
RYMAN HOSPITALITYPPTYS INC (RHP)	43,095	43,095
SIMMONS 1ST NATL ANEW (SFNC)	13,256	13,256
SOUTHWEST GAS HOLDINGS INC (SWX)	3,767	3,767
SYKES ENTERPRISES INC (SYKE)	25,503	25,503
TCF FINANCIAL CORPORATION (TCF)	72,485	72,485
TENNECOAUTOMOTIVE INC (TEN)	7,950	7,950
TEREXCP NEWDEL (TEX)	52,265	52,265
TETRATECHNOLOGIES INC DEL (TTI)	2,589	2,589
TEXAS CAP BNCSHS INC (TCBI)	38,913	38,913
THE ENSIGN GROUP INC (ENSG)	25,084	25,084
TRI POINTE GROUP INC (TPH)	24,047	24,047
TRINSEOS.A. (TSE)	18,692	18,692
UNITED BANKSHARES INC WVA(UBSI)	21,643	21,643
VERINT SYSTEMS INC (VRNT)	18,878	18,878
WHITE MOUNTAIN GRP BERMUDA(WTM)	28,018	28,018
WPXENERGYINC (WPX)	49,764	49,764
ABIOMED INC (ABMD)	32,744	32,744
ADVANCED MICRODEVICES (AMD)	87,950	87,950
AIR PROD & CHEM INC (APD)	68,578	68,578
ALIBABAGROUP HLDGLTD (BABA)	73,310	73,310
ALIGN TECHNOLOGY (ALGN)	78,019	78,019
ALPHABET INC CL C(GOOG)	168,180	168,180
AMAZON COM INC (AMZN)	338,721	338,721
AMPHENOL CORP NEWCL A(APH)	64,731	64,731
APPLE INC (AAPL)	557,696	557,696
ASML HOLDINGNV NYREGNEW (ASML)	110,712	110,712
BIOGEN INC COM (BIIB)	27,179	27,179
BIOMARIN PHARMAC SE (BMRN)	33,848	33,848
BLACKSTONE GROUP INC CL A(BX)	49,385	49,385
BOOKINGHOLDINGS INC (BKNG)	213,818	213,818
CARVANACOCL A(CVNA)	60,843	60,843
CHARLES SCHWAB NEW (SCHW)	70,755	70,755
CHIPOTLE MEXICAN GRILL INC COM (CMG)	144,218	144,218
COGNIZANT TECH SOLUTIONS CL A(CTSH)	31,551	31,551
COSTAR GROUP INC (CSGP)	86,882	86,882
DEERE & CO (DE)	64,303	64,303
DEXCOM INC (DXCM)	79,490	79,490
ENPHASE ENERGY(ENPH)	50,184	50,184
EQUINIX INC (EQIX)	70,704	70,704
ESTEE LAUDER CO INC CL A(EL)	62,288	62,288
EXACT SCIENCES CORP (EXAS)	66,907	66,907
FACEBOOK INC CL-A(FB)	219,894	219,894
FEDEXCORP (FDX)	61,790	61,790
GRUBHUB INC. (GRUB)	8,318	8,318
HCAHEALTHCARE INC (HCA)	72,362	72,362
HOME DEPOT INC (HD)	77,561	77,561
INTUITIVE SURGICAL INC (ISRG)	83,446	83,446
LAM RESEARCH CORPORATION (LRCX)	73,674	73,674
LOWES COMPANIES INC (LOW)	47,992	47,992
LULULEMON ATHLETICAINC (LULU)	73,434	73,434
MARKETAXESS HOLDINGS INC (MKTX)	115,253	115,253
MASTERCARD INC CL A(MA)	103,156	103,156
MATCH GROUP INC (MTCH)	103,868	103,868
MCKESSON CORP (MCK)	74,960	74,960
MERCADOLIBRE INC (MELI)	159,146	159,146
MICROSOFT CORP (MSFT)	347,642	347,642
MODERNAINC (MRNA)	22,670	22,670
MONSTER BEVERAGE CORP NEWCOM (MNST)	89,983	89,983
MORGAN STANLEY (MS)	31,181	31,181
MSCI INC COM (MSCI)	45,100	45,100
NETFLIX INC (NFLX)	63,265	63,265
NORFOLKSOUTHERN CORP (NSC)	73,897	73,897
NVIDIACORPORATION (NVDA)	99,218	99,218
PAYPAL HLDGS INC COM (PYPL)	258,557	258,557
PINTEREST INC CL A(PINS)	31,962	31,962
QUALCOMM INC (QCOM)	127,052	127,052
REGENERON PHARMACEUTICALS INC (REGN)	82,612	82,612
ROCKWELL AUTOMATION INC (ROK)	89,790	89,790
ROPER TECHNOLOGIES, INC. (ROP)	40,954	40,954
S&P GLOBAL INC COM (SPGI)	54,240	54,240
SALESFORCE.COM,INC. (CRM)	66,536	66,536
SEAGEN INC (SGEN)	130,304	130,304
SHERWIN WILLIAMS COMPANYOHIO (SHW)	55,593	55,593
SERVICENOW INC (NOW)	69,082	69,082
SHOPIFY INC (SHOP)	105,271	105,271
SNAP INC. CL A(SNAP)	155,217	155,217
SPOTIFYTECHNOLOGY SA(SPOT)	71,428	71,428
SQUARE INC CLASS A(SQ)	107,732	107,732
SS&C TECHNOLOGIES HLDGS INC (SSNC)	31,719	31,719
SYNOPSYS INC (SNPS)	110,695	110,695
TESLAINC (TSLA)	336,605	336,605
TEXAS INSTRUMENTS (TXN)	99,135	99,135
THE BOSTON BEER CO INC A(SAM)	61,646	61,646
THERMOFISHER SCIENTIFIC (TMO)	47,975	47,975
TRADE DESK INC CLASS A(TTD)	76,095	76,095
TWITTER INC (TWTR)	23,339	23,339
VEEVASYS INC CL A(VEEV)	28,042	28,042
WAYFAIR INC (W)	30,484	30,484
WORKDAYINC CL A(WDAY)	43,369	43,369
ZILLOWGROUP INC CL C CAP STK (Z)	93,067	93,067
ACCENTURE PLC IRELAND CL A(ACN)	108,663	108,663
ADYEN NV UNSPONSRED ADR (ADYEY)	67,976	67,976
AIAGROUP LTD SPON ADR (AAGIY)	133,732	133,732
ALCON INC (ALC)	74,491	74,491
AMADEUS IT GROUP S.AADR (AMADY)	76,417	76,417
AON PLC CL A(AON)	49,860	49,860
ASML HOLDINGNV NYREGNEW (ASML)	128,270	128,270
ATLAS COPCOAS AADR ANEW (ATLKY)	72,227	72,227
CDN PACIFIC RYLTD NEW (CP)	113,368	113,368
CSL LTD (CSLLY)	118,632	118,632
DSV PANALPINAAS UNSPON ADR (DSDVY)	99,312	99,312
EXPERIAN GP LTD ADR (EXPGY)	110,995	110,995
FERRARI NV(RACE)	58,298	58,298
HDFC BANKLTD ADR (HDB)	113,665	113,665
ICON PLC (ICLR)	40,361	40,361
LONZAGROUP AGZUERICH ADR (LZAGY)	78,690	78,690
LULULEMON ATHLETICAINC (LULU)	85,615	85,615
LVMH MOET HENNESSYLOUIS VUITT (LVMUY)	111,134	111,134
MERCADOLIBRE INC (MELI)	175,898	175,898
METTLER TOLEDO INTL (MTD)	69,520	69,520
NESTLE SPON ADR REP REGSHR (NSRGY)	82,342	82,342
PERNOD RICARD SAUNSPONS ADR (PDRDY)	54,841	54,841
RESMED INC (RMD)	101,816	101,816
SHOPIFY INC (SHOP)	82,632	82,632
SIKAAGADR (SXYAY)	68,157	68,157
SMITH & NEPHEWPLC ADR (SNN)	67,430	67,430
STERIS PLC (STE)	68,424	68,424
TAIWAN SMCNDCTR MFGCOLTD ADR (TSM)	171,956	171,956
TENCENT HLDGS LTD UNSPON ADR (TCEHY)	79,438	79,438

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

THE HUBBARD BROADCASTING FOUNDATION

EIN:

41-6022291

US Government Securities - End of Year Book Value:

371,360

US Government Securities - End of Year Fair Market Value:

371,360

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

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

- TIN:

TY 2020 OtherExpensesSchedule

Name:

THE HUBBARD BROADCASTING FOUNDATION

EIN:

41-6022291

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
MONTHLY INSURANCE PREMIUMS	388	0	388
INVESTMENT MANAGEMENT FEES	278,866	278,866	0
MISCELLANEOUS EXPENSE	150	0	150

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

THE HUBBARD BROADCASTING FOUNDATION

EIN:

41-6022291

Description	Amount
UNREALIZED GAIN/(LOSS) ON INVESTMENTS	3,629,906

- TIN:

TY 2020 TaxesSchedule

Name:

THE HUBBARD BROADCASTING FOUNDATION

EIN:

41-6022291

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX EXPENSE	54,737	0		0
MN FILING FEE	25	0		25