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 Leep Foundation Inc

Number and street (or P.O. box number if mail is not delivered to street address)5201 North Grape Road
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Mishawaka, IN46545

A Employer identification number

26-4818874

B Telephone number (see instructions)

(574) 271-4147

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

$12,788,185J 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	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)		2,109,677
2	Check .............
3	Interest on savings and temporary cash investments		24		24
4	Dividends and interest from securities...		119,710		119,710
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10			235,243
b	Gross sales price for all assets on line 6a 3,054,508
7	Capital gain net income (from Part IV, line 2)...				235,243
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances	0
b	Less: Cost of goods sold....	0
c	Gross profit or (loss) (attach schedule).....			0
11	Other income (attach schedule).......			0	0	0
12	Total. Add lines 1 through 11........		2,464,654		354,977	0
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........			84	21	0	0
b	Accounting fees (attach schedule).......			5,160	1,290	0	0
c	Other professional fees (attach schedule)....			0	0	0	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...			17,826	2,066	0	0
19	Depreciation (attach schedule) and depletion...			0	0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......			56,265	55,703	0	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........		79,335		59,080	0	0
25	Contributions, gifts, grants paid.......		511,130				511,130
26	Total expenses and disbursements. Add lines 24 and 25		590,465		59,080	0	511,130
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements		1,874,189
b	Net investment income (if negative, enter -0-)				295,897
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	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.............	0	0	0
	2	Savings and temporary cash investments.........	404,930	267,278	267,278
	3	Accounts receivable
		Less: allowance for doubtful accounts	0	0	0
	4	Pledges receivable 193,885
		Less: allowance for doubtful accounts	374,839	193,885	193,885
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....	0	0	0
	7	Other notes and loans receivable (attach schedule) 0
		Less: allowance for doubtful accounts 0	0	0	0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	0	0	0
	b	Investments—corporate stock (attach schedule).......	6,087,852	7,072,408	10,449,675
	c	Investments—corporate bonds (attach schedule).......	508,403	1,439,051	1,458,996
	11	Investments—land, buildings, and equipment: basis 0
		Less: accumulated depreciation (attach schedule) 0	0		0
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	302,867	403,737	418,351
	14	Land, buildings, and equipment: basis 0
		Less: accumulated depreciation (attach schedule) 0	0		0
	15	Other assets (describe )	0	0	0
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	7,678,891	9,376,359	12,788,185
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons	0	0
	21	Mortgages and other notes payable (attach schedule)......	0	0
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	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	7,678,891	9,376,359
	29	Total net assets or fund balances (see instructions).....	7,678,891	9,376,359
	30	Total liabilities and net assets/fund balances (see instructions).	7,678,891	9,376,359

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

7,678,891

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

1,874,189

Other increases not included in line 2 (itemize) bullet

5,768

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

9,558,848

Decreases not included in line 2 (itemize) bullet

182,489

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

9,376,359

Form 990-PF (2020)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Publicly Traded Securities
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	3,096,087	2,860,844	235,243
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		0	235,243
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	235,243
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	0

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	4,113
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
3	Add lines 1 and 2...........................	3	4,113
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	4,113
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	9,600
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	9,600
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	5,487
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax5,487	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

Michael R Leep Sr Telephone no. bullet

(574) 271-4147

Located at bullet

5201 North Grape RoadMishawakaIN ZIP+4 bullet

46545

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Michael R Leep Sr	President, Director 1.000	0	0	0
5201 North Grape Road Mishawaka,IN46545	President, Director 1.000	0	0	0
Thomas C Sopko	Secretary, Director 1.000	0	0	0
5201 North Grape Road Mishawaka,IN46545	Secretary, Director 1.000	0	0	0
James A Leep	Director 1.000	0	0	0
5201 North Grape Road Mishawaka,IN46545	Director 1.000	0	0	0
Kristin Guernsey-Leep	Director 1.000	0	0	0
5201 North Grape Road Mishawaka,IN46545	Director 1.000	0	0	0

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


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances










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

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

8,864,553

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

625,774

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

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

9,490,327

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

9,490,327

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

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

142,355

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

9,347,972

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

467,399

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

467,399

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

4,113

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

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

4,113

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

463,286

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

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

463,286

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

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

463,286

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 ..........

511,130

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

511,130

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

511,130

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					463,286
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:2018, 2017, 2016			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	0
b From 2016......	0
c From 2017......	42,781
d From 2018......	34,900
e From 2019......	24,671
fTotal of lines 3a through e........		102,352
4Qualifying distributions for 2020 from Part
XII, line 4: $ 511,130
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.....					463,286
e Remaining amount distributed out of corpus		47,844
5 Excess distributions carryover applied to 2020.					0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		150,196
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......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		150,196
10 Analysis of line 9:
a Excess from 2016....	0
b Excess from 2017....	42,781
c Excess from 2018....	34,900
d Excess from 2019....	24,671
e Excess from 2020....	47,844

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).)

Michael R Leep Sr President

James E Leep Director

Kristin Guernsey-Leep Director

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:

Michael R Leep Sr
5201 N Grape Road
Mishawaka,IN46545
(574) 271-4147

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

Letters and questionnaires

cAny submission deadlines:

No Submission Deadlines

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

No restrictions or limitations on awards

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
BOYS AND GIRLS CLUB 502 East Sample Street South Bend,IN61265	NONE	PC	CHARITABLE	34,000
CENTER FOR THE HOMELESS 813 S MICHIGAN STREET SOUTH BEND,IN46601	NONE	PC	CHARITABLE	17,000
LOGAN CENTER 2505 WEST JEFFERSON BLVD SOUTH BEND,IN46615	NONE	PC	CHARITABLE	48,000
HANNAH'S HOUSE INC 518 WEST FOURTH STREET PO BOX 1413 MISHAWAKA,IN46546	NONE	PC	CHARITABLE	26,400
YOUNG MEN'S CHRISTIAN ASSOCIATION OF MICHIANA INC 905 N Front Street Niles,MI49120	NONE	PC	CHARITABLE	45,000
DIOCESE OF NORWICH OUTREACH TO HAITI INC 815 BOSWELL AVENUE NORWICH,CT06360	NONE	PC	CHARITABLE	21,500
RONALD MCDONALD HOUSE CHARITIES 610 N Michigan Street Suite 310 SOUTH BEND,IN46601	NONE	PC	CHARITABLE	15,000
CAMPAGNA ACADEMY 7403 CLINE AVENUE SCHEREVILLE,IN46375	NONE	PC	CHARITABLE	50,000
SCHOOL ON WHEELS CORP 2605 E 62ND ST NO 2005 INDIANAPOLIS,IN46220	NONE	PC	CHARITABLE	3,500
THE MUSIC VILLAGE PO BOX 11004 SOUTH BEND,IN46634	NONE	PC	CHARITABLE	4,000
HEROES CAMP INC 4130 Hickory Rd MISHAWAKA,IN46545	NONE	PC	CHARITABLE	20,000
MARTIN LUTHER KING MULTISERVICE CENTER INDIANAPOLIS INC 40 WEST 40TH STREETH INDIANAPOLIS,IN46208	NONE	PC	CHARITABLE	7,000
GIRLS ROCK INDIANAPOLIS INC 2727 E 55TH STREET PO BOX 55467 INDIANAPOLIS,IN46230	NONE	PC	CHARITABLE	2,000
FREEWHEELING COMMUNITY 3355 N CENTRAL AVE INDIANAPOLIS,IN46205	NONE	PC	CHARITABLE	2,500
CULTIVATE CULINARY SCHOOL AND CATERING INC 1403 PRARIE AVENUE SOUTH BEND,IN46613	NONE	PC	CHARITABLE	51,400
FAMILY JUSTICE CENTER OF ST JOSEPH COUNTY INC 533 N NILES AVENUE SOUTH BEND,IN46617	NONE	PC	CHARITABLE	14,830
ST MARGARETS HOUSE 117 N LAFAYETTE BLVD SOUTH BEND,IN46601	NONE	PC	CHARITABLE	4,000
KHEPHRW INSTITUTE PO BOX 88856 INDIANAPOLIS,IN46208	NONE	PC	CHARITABLE	1,500
BUSES BY THE BEACH INC 925 NORTHLAND DR NE ROCKFORD,MI49341	NONE	PC	CHARITABLE	3,000
International Association of Lions Clubs 1900 NW 114th Street Clive,IA50325	NONE	PC	Clive Lions Club	9,000
CHILDREN AND FAMILY URBAN MINISTRIES PO BOX 41125 DES MOINES,IA50311	NONE	PC	CHARITABLE	2,000
INDIANA YOUTH GROUP INC 3733 N MERIDIAN ST INDIANAPOLIS,IN46208	NONE	PC	CHARITABLE	3,500
THE MONTESSORI ACADEMY 530 EAST DAY ROAD MISHAWAKA,IN46545	NONE	PC	EDUCATIONAL	50,000
MICHIANA PERFORMING AND ADAPTIVE ARTS COMMUNITY INC 52303 EMMONS ROAD STE 20 SOUTH BEND,IN46637	NONE	PC	CHARITABLE	4,000
COMMUNITY FOUNDATION OF ST JOSEPH COUNTY INC PO BOX 837 South Bend,IN46624	NONE	PC	CHARITABLE	5,000
EAST GOSHEN MENNONITE CHURCH 2019 E LINCOLN AVE GOSHEN,IN46528	NONE	PC	BREAD OF LIFE FOOD PANTY	5,000
BIG BROTHERS BIG SISTERS 130 W 5TH STREET DAVENPORT,IA52801	NONE	PC	CHARITABLE	2,500
RIVER BEND FOOD RESERVOIR 4010 KIMMEL DRIVE DAVENPORT,IA52802	NONE	PC	CHARITABLE	15,000
FOOD BANK OF NORTHERN INDIANA INC 702 S CHAPIN ST SOUTH BEND,IN46601	NONE	PC	CHARITABLE	40,000
JUNIOR ACHIEVEMENT OF THE HEARTLAND 800 12 AVE MOLINE,IL61265	NONE	PC	CHARITABLE	2,500
ONE MORE MILE CHARITIES 906 SE 5th ST ANKENY,IA50021	NONE	PC	CHARITABLE	2,000
				511,130
Total ................................. 3a				1,022,260

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	24
4 Dividends and interest from securities....			14	119,710
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	235,243
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		354,977	0

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

354,977

(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:	20011424
Software Version:	2020v4.0

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

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

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

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

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

OMB No. 1545-0047

2020

Name of the organization

The Leep Foundation Inc

Employer identification number

26-4818874

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 Leep Foundation Inc			Employer identification number 26-4818874

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	Gurley Leep Buick GMC Cadillac 5201 North Grape Road Mishawaka, IN46545	$ 15,891		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
2	Capital Imports LLC DBA Capital Honda 5201 North Grape Road Mishawaka, IN46545	$ 10,800		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
3	HS&S Automotive LLC 5201 North Grape Road Mishawaka, IN46545	$ 17,875		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
4	Gurley Leep Ford LLC 5201 North Grape Road Mishawaka, IN46545	$ 16,670		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
5	Gurley Leep Imports LLC 5201 North Grape Road Mishawaka, IN46545	$ 18,590		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
6	Gurley Leep Imports LLC 5201 North Grape Road Mishawaka, IN46545	$ 14,895		Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Name of organization The Leep Foundation Inc			Employer identification number 26-4818874
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
7	US 31 Imports LLC 5201 North Grape Road Mishawaka, IN46545	$ 12,640		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
8	Quad Cities Automotive Group LLC 5201 North Grape Road Mishawaka, IN46545	$ 80,973		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
9	DM Hon LLC 5201 North Grape Road Mishawaka, IN46545	$ 48,180		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
10	Leep TQC LLC 5201 North Grape Road Mishawaka, IN46545	$ 23,865		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
11	Team Chevrolet Inc 5201 North Grape Road Mishawaka, IN46545	$ 14,691		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
12	US 30 Hon LLC 5201 North Grape Road Mishawaka, IN46545	$ 32,735		Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Name of organization The Leep Foundation Inc			Employer identification number 26-4818874
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
13	Team Toyota 5201 North Grape Road Mishawaka, IN46545	$ 37,295		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
14	Gurley-Leep Automotive Sales LLP 5201 North Grape Road Mishawaka, IN46545	$ 22,029		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
15	Gurley Leep Oldsmobile Cadillac Inc 5201 North Grape Road Mishawaka, IN46545	$ 13,140		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
16	Mike Leep Sr 5201 North Grape Road Mishawaka, IN46545	$ 1,308,730		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
17	Leep Enterprises 5201 North Grape Road Mishawaka, IN46545	$ 9,795		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 Leep Foundation Inc		Employer identification number 26-4818874

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 Leep Foundation Inc			Employer identification number 26-4818874
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:	20011424
Software Version:	2020v4.0

- TIN:

TY 2020 AccountingFeesSchedule

Name:

The Leep Foundation Inc

EIN:

26-4818874

Software ID:

20011424

Software Version:

2020v4.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Crowe LLP	5,160	1,290

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

The Leep Foundation Inc

EIN:

26-4818874

Software ID:

20011424

Software Version:

2020v4.0

Name of Bond	End of Year Book Value	End of Year Fair Market Value
Baird Fund Inc Shrt Trm Bd 1	210,646	210,859
ISH-USD High Yield Corporate Bond	11,785	12,007
Ishares 20+ Year treasury Bond ETF	3,715	4,101
Ishares iboxx Invt grade corp bond	11,217	13,260
Ishares Iboxx High Yield Corporate Bond	0	0
Ishares Tips Bond ETF	0	0
Ishares US Treasury Bond	16,297	16,834
Northern Funds Ultra-Short Fixed Income Fund	41,762	42,129
Pimco Investment Grade Credit Bond	44,785	46,684
TWC Total Return Bond FD CL I	43,941	45,619
Unites States Treasury Bills	419,757	419,820
Vanguard High Yield Corp Fund	63,194	63,194
Vanguard Intermediate Term Bond	0	0
Vanguard Intermediate-Term Corporate Bond	63,132	68,192
Vanguard S-T Investment Grd Fd #539 Admiral Shares	204,371	210,837
Vanguard Short Term Corporate Bond	9,544	9,907
Xtrackers USD High Yield Corporate Bond ETF	0	0
Western Asset FDS Core Bond FD	294,905	295,553

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

The Leep Foundation Inc

EIN:

26-4818874

Software ID:

20011424

Software Version:

2020v4.0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
Abbott Labs Com	11,558	32,409
ACAP Strategic Fund	213,884	281,043
Adobe Inc	23,704	39,509
Air Products and Chemicals Inc	29,188	40,710
Alphabet Inc Class A Common Stock	139,172	201,536
Amazon Com Inc	152,239	234,499
American Tower Reit	33,307	50,054
Amgen Inc	16,810	25,291
Applied Material	22,670	22,179
Apple Inc	109,287	284,620
Atlassian Corporation	36,747	51,451
Bank of America Corp	58,635	69,561
Becton Dickison & Co Com	17,394	28,025
Blackrock Eqty Dividend Fund Instl	82,065	81,627
Blackrock Inc	16,899	35,355
Blackstone GSO	0	0
Blackstone Real Estate	319,625	337,386
Blackstone Secured Lending Fund	182,000	178,366
Cambiar International Equity Fund Investor CL	31,403	31,015
Chevron Corporation	31,545	27,362
Chewy Inc	35,731	58,429
Chubb Ltd	28,450	36,941
Cisco Systems Inc Com	26,944	38,709
Citizens Financial Group Inc Com	29,351	27,321
Clearbridge Large Cap	60,608	75,845
Columbia FDS Ser TR I Small GW	60,000	60,470
Comm Services Select	27,293	38,464
Consumer Discretionary	20,937	31,674
Constellation Brands Inc	0	0
Costco Wholesale Corporation	40,869	70,835
Coupa Software Inc Com	36,740	42,364
CVS Health	21,638	21,856
Delaware Emerging Markets Fund Instl CL	17,434	24,008
Delta Air Lines Inc Com New	0	0
Dexcom Inc	36,250	31,426
Docusign Inc Com	36,628	40,014
Dodge & Cox Income Fund	0	0
Dominion Energy Inc	0	0
Dominos Pizza Inc	0	0
Dover Corp	26,918	32,193
DR Horton	14,053	20,538
Dupont de Nemours Inc Com	0	0
Ecolab Inc	21,191	24,665
Edgewood Growth Fund CL Inst	52,819	78,846
Edwards Lifesciences Crp	19,978	24,175
Facebook Inc	117,354	167,718
Fedex Corporation Com	18,144	42,837
Fidelity MSCI Utilities Index	2,725	2,719
Fidelity National Information Service	34,662	38,194
Fifth Third Bancorp	0	0
First Trust Cloud Computing ETF	10,470	15,680
First Trust Dow Jones	9,666	14,644
Fuller & Thaler Behrl Small -Cap Eq FD Cl	54,547	65,728
General Dynamics Corporation	20,027	17,710
Genuine Parts Co	0	0
Goldman Sachs EFT Trust Equal Weight US	24,965	25,147
Goldman Sachs Tst Intl Eqins Instl	145,346	157,642
Goosehead Ins Inc Com	36,436	44,914
Gotham Index Plus Fund	74,077	88,996
GS GQG Partners INTL Opps	92,002	108,256
Harding Loevner Intl Equity PT FD Instl CL	18,616	23,105
Health Care Select SPDR	26,512	32,671
Honeywell Intl Inc	59,660	87,420
Idexx Laboratories Inc Com	36,956	47,488
Intercontinental Exchange	24,625	30,552
Intuit Inc	67,559	90,785
Intuitive Surgical Inc	16,450	24,542
Invesco Developing Markets Fund	149,900	191,999
Invesco Emerging Markets	0	0
Invesco International Small-Mid Company Fund	123,330	157,785
Invesco Oppenheimer	0	0
Invesco Oppenheimer Developing Markets Fund	0	0
Invesco Oppenheimer International Small-Mid Company	0	0
Invesco Preferred ETF	1,736	1,831
Ishares Commodities Select Strategy ETF	0	0
Ishares Inc Core Msci Emerging Mkts	34,237	42,994
Ishares MBS ETF	30,000	31,057
Ishares MSCI Japan ETF	10,846	12,634
Ishares Nasdaq Biotech	8,749	11,665
Ishares Russell 1000 Growth	110,623	163,493
Ishares Russell 1000 Value	150,885	168,315
Ishares TR Core MSCI EAF ETF	214,381	235,803
Johnson & Johnson	28,792	33,836
Lam Research Corporation Com	14,038	39,198
Lauder Estee Cos Inc	23,332	32,476
Legg Mason GBL Ass Clrbridge Int I	147,452	147,171
Lilly Eli & Co Com	14,232	33,768
Lord Abbet Invt Tr Sh Dura Incm	0	0
Lowes Companies Inc	31,567	61,797
Lululemon Athletica Inc Com	36,980	36,543
Marathon Petroleum Company	0	0
Mastercard	56,593	65,676
Medtronic PLC	24,890	35,611
Merck And Co Inc SHS	0	0
MFS Value FD CL	73,496	81,784
MFS Ser Tr XIII	113,009	133,113
Microsoft Corp Com	104,995	202,180
Modernia Inc	14,952	9,402
NB Crossroads Private Markets Fund	46,000	46,000
Nestle	26,946	40,102
Netflix Com Inc	28,598	50,829
Nike	17,194	42,582
Northrop Grumman Corp	16,896	22,854
Nvidia	26,511	51,697
Oakmark Intl Fd Cl	84,034	96,338
Okta Inc	35,961	45,767
Oracle Corp Com	29,138	42,049
O'Reilly Automotive Inc	29,874	31,680
Otis Worldwide Corporation Com	7,435	9,322
Pacer Benchmark Data And Infrastructure	1,904	1,864
Palomar Hldgs Inc Com	36,340	31,538
Partners Group	102,793	115,884
Paypal Holdings Inc	65,746	105,156
Pfizer Inc Corp	0	0
Phillips 66	29,628	29,095
Proctor & Gamble Company	17,401	33,533
Proshares Online Retail ETF	3,442	3,717
Quidel Corp	36,699	41,320
Raytheon Technologies Corporation	26,888	31,536
Real Estate Select Sector Spdr Fd	0	0
Ringcentral Inc	36,929	49,266
Roku Inc Com	31,530	38,182
Salesforce Com Inc	47,055	78,107
Sector SPDR Energy	0	0
Sector SPDR Utilities	34,396	36,043
SPDR Bloomberg Barclays	35,170	35,144
Spdr S&P Insurance ETF	0	0
SPDR US Financial Sector	25,833	30,895
Starbucks Corp	21,137	39,476
Suncor Energy Inc New	0	0
Teladoc Health Inc com	36,324	38,992
Tesla Inc	27,678	33,166
Texas Instruments Inc	25,878	47,598
Thermco Fisher Scientific Inc	20,101	31,207
TJX Cos Inc New	36,178	41,043
T Rowe Price Emerging Markets Stock FD	84,218	104,485
T Rowe Price Mid C Fd Cl	91,611	129,547
T Rowe Price Quant Mgt Fds Inc Qm US Sml Cp I	42,839	61,517
Trex Company Inc	36,035	41,860
Tyler Technologies Inc	35,577	45,835
United Health Group Inc	41,516	76,098
United Technologies Corp Com	0	0
US Bancorp Del Com New	33,537	33,824
Vanguard Consumer	16,939	19,653
Vanguard Fixed Inc Invgrdad VFIDX	0	0
Vanguard Industrial ETF	18,263	23,798
Vanguard Information Tech ETF	34,940	61,913
Vanguard Intermediate Term Treasury Index Admiral	0	0
Vanguard Materials ETF	3,681	4,708
Vanguard Mortgage Backed	11,353	11,462
Vanguard Small Cap Value Index Fund	25,683	31,928
Veeva Systems Inc	36,716	38,115
Verizon Communications	30,229	35,839
VF Corporation	28,162	37,324
Victory Sycamore Established Value Fund Class I	104,304	124,199
Visa Inc	93,730	135,613
Vmware Inc	15,843	15,149
Walt Disney Company	26,183	48,014
Westrock Company	0	0
Workday Inc Com	36,665	47,922
Zoetis Inc	19,375	27,640
310 shares First Bancshares	605,594	2,033,600

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

The Leep Foundation Inc

EIN:

26-4818874

Software ID:

20011424

Software Version:

2020v4.0

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
Goldman Sachs Tst Abs Rtntrakr I	AT COST	403,737	418,351

- TIN:

TY 2020 LegalFeesSchedule

Name:

The Leep Foundation Inc

EIN:

26-4818874

Software ID:

20011424

Software Version:

2020v4.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Legal Fees	84	21

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

The Leep Foundation Inc

EIN:

26-4818874

Software ID:

20011424

Software Version:

2020v4.0

Description	Amount
Income Posted after YE	1,535
Change in Contribution Receivable	180,954

- TIN:

TY 2020 OtherExpensesSchedule

Name:

The Leep Foundation Inc

EIN:

26-4818874

Software ID:

20011424

Software Version:

2020v4.0

Description	Revenue and Expenses per Books	Net Investment Income
Investment Fees- Lake City Bank	21,261	21,261
Bank Fees	375	375
Investment Fees - Merrill Lynch	31,380	31,380
Investment Fees - William Blair	2,687	2,687
Miscellaneous expenses	562

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

The Leep Foundation Inc

EIN:

26-4818874

Software ID:

20011424

Software Version:

2020v4.0

Description	Amount
PY Income Posted after year End	5,768

- TIN:

TY 2020 TaxesSchedule

Name:

The Leep Foundation Inc

EIN:

26-4818874

Software ID:

20011424

Software Version:

2020v4.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Foreign Tax Paid	2,066	2,066
Taxes Paid	15,760