Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
CLARKS FORK FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)270 E WESTMINSTER SUITE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAKE FOREST, IL60045
A Employer identification number

36-3674219
B Telephone number (see instructions)

(847) 234-1123
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$4,212,298J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 60,958 60,958  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,815
b Gross sales price for all assets on line 6a 1,290,540
7 Capital gain net income (from Part IV, line 2)... 3,815
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)....... Click to see attachment 32,406 32,406  
12 Total. Add lines 1 through 11........ 97,179 97,179  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 14,370 7,185   7,185
c Other professional fees (attach schedule).... Click to see attachment 18,684 18,684   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,893 1,893   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,544 1,544   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 36,491 29,306   7,185
25 Contributions, gifts, grants paid....... 210,817 210,817
26 Total expenses and disbursements. Add lines 24 and 25 247,308 29,306   218,002
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -150,129
b Net investment income (if negative, enter -0-) 67,873
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 141,373 108,810 108,810
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 351,218 Click to see attachment332,955 453,563
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,020,867 Click to see attachment2,921,564 3,649,925
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,513,458 3,363,329 4,212,298
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 3,513,458 3,363,329
29 Total net assets or fund balances (see instructions)..... 3,513,458 3,363,329
30 Total liabilities and net assets/fund balances (see instructions). 3,513,458 3,363,329
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
3,513,458
2
Enter amount from Part I, line 27a .....................
2
-150,129
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,363,329
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,363,329
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 314.934 SHS FPA CRESCENT PORTFOLIO   2019-12-18 2020-09-08
b 8,389.201 SHS FIDELITY EMERGING MARKETS INDEX FUND   2019-09-05 2020-06-29
c 15,029.376 SHS PRINCIPAL DIVERSIFIED REAL ASSET FUND CLASS I   2019-09-06 2020-03-20
d 1,100.859 SHS BOSTON PARTNERS LONG/SHORT   2019-12-12 2020-03-19
e 1,503.401 SHS AQUARIUS INTERNATIONAL FUND   2019-12-05 2020-09-08
581.206 SHS TIAA-CREF REAL ESTATE SECURITIES   2020-09-08 2020-11-18
47.69 SHS VANGUARD REIT INDEX FUND   2020-06-25 2020-09-08
182.561 SHS VANGUARD INTL EQUITY INDEX   2019-12-24 2020-09-08
29.269 SHS VANGUARD INTL EQUITY INDEX FDS TOTAL WORLD   2020-09-25 2020-11-18
4,825.773 SHS FPA CRESCENT PORTFOLIO   2018-12-31 2020-09-08
2,559.181 SHS ADARA SMALLER COMPANIES FUND   2018-02-13 2020-11-18
10,193.399 SHS BOSTON PARTNERS LONG/SHORT RESEARCH FUND   2018-12-13 2020-03-19
2,015.151 SHS AQUARIUS INTERNATIONAL FUND   2018-09-13 2020-11-18
3,736.684 SHS TOUCHSTONE SANDS CAPITAL INST'L GROWTH FUND   2018-02-13 2020-11-18
1,291.331 SHS VANGUARD REIT INDEX FUND   2018-12-13 2020-09-08
2,902.624 SHS VANGUARD INTL EQUITY INDEX FDS   2019-09-30 2020-09-08
331.729 SHS VANGUARD INTL EQUITY INDEX FDS TOTAL WORLD   2018-09-13 2020-11-18
110 SHS CONCHO RES INC   2019-09-10 2020-04-13
85 SHS DIAMONDBACK ENERGY INC   2019-09-10 2020-04-13
25 SHS EOG RES INC   2020-04-13 2020-10-30
30 SHS FACEBOOK INC   2020-01-30 2020-09-03
6 SHS GAMING & LEISURE PPT   2020-09-28 2020-10-23
35 SHS REGENERON PHARMACEUTICALS   2019-08-15 2020-03-25
50 SHS SOUTHWEST AIRLS   2020-01-22 2020-06-09
85 SHS UNDER ARMOUR INC   2019-09-05 2020-02-28
20 SHS WELLS FARGO & CO   2019-09-05 2020-05-12
25 SHS TE CONNECTIVITY LTD   2018-02-14 2020-10-08
1,280 SHS FIAT CHRYSLER AUTOMOBILES   2017-02-14 2020-03-10
45 SHS AGILENT TECHNOLOGIES INC   2019-08-15 2020-09-03
2 SHS ALPHABET INC   2019-09-10 2020-10-29
156 SHS ARCONIC CORP   2018-02-14 2020-05-13
20 SHS CONSTELLATION BRANDS INC   2019-05-31 2020-09-03
225 SHS GAMING & LEISURE PPT   2018-02-14 2020-11-04
220 SHS GENERAL MTRS CO   2018-08-21 2020-11-06
35 SHS HILTON WORLDWIDE HLD   2018-08-16 2020-12-07
55 SHS HOWARD HUGHES CORP   2018-02-14 2020-12-07
525 SHS HOWMET AEROSPACE INC   2017-07-10 2020-05-15
100 SHS LIBERTY BROADBAND CORP   2017-11-22 2020-03-24
35 SHS ORACLE CORP   2018-04-18 2020-03-30
27 SHS REGENERON PHARMACEUTICALS   2019-09-10 2020-10-05
295 SHS SOUTHWEST AIRLS   2018-11-09 2020-06-09
375 SHS UNDER ARMOUR INC   2017-11-17 2020-03-17
20 SHS VISA   2017-02-14 2020-09-03
235 SHS WELLS FARGO & CO   2018-04-18 2020-05-12
381.164 SHS FPA CRESCENT PORTFOLIO   2019-08-27 2020-09-08
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 9,850   9,953 -103
b 84,058   84,719 -661
c 135,797   170,541 -34,744
d 13,146   16,989 -3,843
e 14,631   14,583 48
10,000   9,655 345
5,462   5,731 -269
8,930   10,586 -1,656
2,451   2,363 88
150,933   152,339 -1,406
40,000   34,421 5,579
127,526   167,761 -40,235
20,369   19,144 1,225
115,000   82,547 32,453
147,903   138,384 9,519
141,989   164,064 -22,075
27,622   25,078 2,544
5,685   10,416 -4,731
2,823   9,100 -6,277
834   1,080 -246
8,693   6,254 2,439
235   228 7
15,435   10,557 4,878
1,916   2,674 -758
1,055   1,513 -458
488   962 -474
2,486   2,486 0
15,253   17,382 -2,129
4,477   3,145 1,332
3,132   2,402 730
1,325   1,764 -439
3,811   3,500 311
8,852   7,398 1,454
8,902   9,240 -338
3,828   2,705 1,123
4,260   6,499 -2,239
6,873   13,707 -6,834
11,475   8,737 2,738
1,784   1,698 86
16,542   7,738 8,804
11,302   15,266 -3,964
4,192   4,338 -146
4,175   1,898 2,277
5,740   12,994 -7,254
11,921   12,186 -265
67,379     67,379
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       -103
b       -661
c       -34,744
d       -3,843
e       48
      345
      -269
      -1,656
      88
      -1,406
      5,579
      -40,235
      1,225
      32,453
      9,519
      -22,075
      2,544
      -4,731
      -6,277
      -246
      2,439
      7
      4,878
      -758
      -458
      -474
      0
      -2,129
      1,332
      730
      -439
      311
      1,454
      -338
      1,123
      -2,239
      -6,834
      2,738
      86
      8,804
      -3,964
      -146
      2,277
      -7,254
      -265
      67,379
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,815
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 943
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........................... 3 943
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- ..... 5 943
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 7,431
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 7,431
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 6,488
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet6,488 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletKATHRYN LANSING Telephone no.bullet (847) 234-1123

    Located atbullet270 WESTMINSTER SUITE 300LAKE FORESTIL ZIP+4bullet60045
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    HEATHER HART GOLDSTEIN DIRECTOR & PRESIDENT
    1.00     		0 0 0
    270 WESTMINSTER
    LAKE FOREST,IL60045
    AUGUSTIN S HART III DIRECTOR & TREASURER
    1.00     		0 0 0
    270 WESTMINSTER
    LAKE FOREST,IL60045
    KATHRYN H LANSING DIRECTOR & SECRETARY
    1.00     		0 0 0
    270 WESTMINSTER
    LAKE FOREST,IL60045
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,503,045
    b
    Average of monthly cash balances.......................
    1b
    118,395
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,621,440
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    3,621,440
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    54,322
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,567,118
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    178,356
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    178,356
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    943
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    943
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    177,413
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    177,413
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    177,413
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    218,002
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    218,002
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    218,002
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 177,413
    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...... 3,954
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 3,954
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 218,002
    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..... 177,413
    e Remaining amount distributed out of corpus 40,589
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 44,543
    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) ...     		3,954
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		40,589
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 40,589
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AMERICAN RED CROSS OF MONTANA
    1300 28TH STREET SOUTH
    GREAT FALLS,MT59405     		  PC GENERAL OPERATIONS 5,000
    ANNE K TAYLOR FUND
    2724 ARVIN ROAD
    BILLINGS,MT59102     		  PC GENERAL OPERATIONS 300
    BRIDGER CARE
    2724 ARVIN ROAD
    BILLINGS,MT59102     		  PC GENERAL OPERATIONS 8,000
    BRUSHWOOD CENTER AT RYERSON WOODS
    21850 RIVERWOODS RD
    RIVERWOODS,IL60015     		  PC GENERAL OPERATIONS 500
    BUCHANAN CENTER FOR THE ARTS
    64 PUBLIC SQUARE
    MONMOUTH,IL61462     		  PC GENERAL OPERATIONS 3,000
    BUFFALO BILL HISTORICAL CENTER
    720 SHERIDAN AVE
    CODY,WY82414     		  PC GENERAL OPERATIONS 2,000
    CM RUSSELL MUSEUM
    400 13TH ST
    GREAT FALLS,MT59401     		  PC GENERAL OPERATIONS 1,000
    CENTER FOR LAW AND SOCIAL WORK
    4753 N BROADWAY SUITE 632
    CHICAGO,IL60640     		  PC GENERAL OPERATIONS 200
    COLONIAL WILLIAMSBURG
    101 VISITOR DRIVE
    WILLIAMSBURG,VA23187     		  PC GENERAL OPERATIONS 2,500
    CONGRESSIONAL HOCKEY CHALLENGE
    28 K ST SE APT 428
    WASHINGTON,DC20003     		  PC GENERAL OPERATIONS 500
    DAVE THOMAS FOUNDATION
    4900 TUTTLE CROSSING BLVD
    DUBLIN,OH43016     		  PC GENERAL OPERATIONS 100
    DENVER FOOD RESCUE
    PO BOX 18890
    DENVER,CO80218     		  PC GENERAL OPERATIONS 1,000
    DESERT CABALLEROS WESTERN MUSEUM
    21 N FRONTIER ST
    WICKENBURG,AZ85390     		  PC GENERAL OPERATIONS 500
    ERIE FAMILY HOUSE FOUNDATION
    1701 W SUPERIOR ST
    CHICAGO,IL60622     		  PC GENERAL OPERATIONS 250
    FIRST PRESBYTERIAN CHURCH OF LAKE FOREST
    700 N SHERIDAN ROAD
    LAKE FOREST,IL60045     		  PC GENERAL OPERATIONS 8,000
    FOOD BANK OF THE ROCKIES
    10700 E 45TH AVE
    DENVER,CO80239     		  PC GENERAL OPERATIONS 4,000
    FOREST PARK PRESERVATION
    PO BOX 868
    LAKE FOREST,IL60045     		  PC GENERAL OPERATIONS 300
    FRIENDS OF CORNWALL LIBRARY
    PO BOY 396
    CORNWALL,NY12518     		  PC GENERAL OPERATIONS 250
    FRIENDS OF IOWA PUBLIC TELEVISION
    6450 CORPORATE DRIVE PO BOX 6450
    JOHNSTON,IA50131     		  PC GENERAL OPERATIONS 2,500
    FRIENDS OF LAKE FOREST PARKS & RECREATION
    400 HASTINGS
    LAKE FOREST,IL60045     		  PC GENERAL OPERATIONS 1,000
    FRIENDS OF MONTANA PBS
    PO BOX 173340
    BOZEMAN,MT59717     		  PC GENERAL OPERATIONS 5,000
    GALLATIN VALLEY FOOD BANK
    602 BOND ST
    BOZEMAN,MT59715     		  PC GENERAL OPERATIONS 2,500
    GEORGETOWN PRESBYTERIAN CHURCH
    3115 P ST NW
    WASHINGTON,DC20007     		  PC GENERAL OPERATIONS 250
    GORTON COMMUNITY CENTER
    400 E ILLINOIS ROAD
    LAKE FOREST,IL60045     		  PC GENERAL OPERATIONS 1,000
    GREATER YELLOWSTONE COALITION
    215 SOUTH WALLACE AVENUE
    BOZEMAN,MT59715     		  PC GENERAL OPERATIONS 1,000
    HAVEN
    801 VANGUARD DRIVE
    PONTIAC,MI48341     		  PC GENERAL OPERATIONS 2,500
    HENDERSON COUNTY FOOD PANTRY
    715 E CORSICANA ST
    ATHENS,TX75751     		  PC GENERAL OPERATIONS 7,500
    HENDERSON COUNTY SOIL & WATER CONSERV DIST
    61 TRIPLE SPRINGS ROAD
    HENDERSONVILLE,NC28792     		  PC GENERAL OPERATIONS 1,000
    HERON SOCIETY
    300 PULTENEY ST
    GENEVA,NY14456     		  PC GENERAL OPERATIONS 200
    HISTORY CENTER OF LAKE FOREST
    509 E DEERPATH RD
    LAKE FOREST,IL60045     		  PC GENERAL OPERATIONS 1,000
    HRDC
    32 SOUTH TRACY AVENUE
    BOZEMAN,MT59715     		  PC GENERAL OPERATIONS 10,000
    KIEVE WAVUS EDUCATION
    PO BOX 169
    NOBLEBORO,ME04555     		  PC GENERAL OPERATIONS 100
    LAKE COUNTY COMMUNITY CRISIS RELIEF FUND
    1200 UNIVERSITY CENTER DRIVE SUITE
    333
    GRAYSLAKE,IL60030     		  PC GENERAL OPERATIONS 1,000
    LAKE COUNTY COMMUNITY FOUNDATION
    114 SOUTH GENESSE STREET SUITE 505
    WAUKEGAN,IL60085     		  PC GENERAL OPERATIONS 5,000
    LAKE FOREST COLLEGE
    555 N SHERIDAN ROAD
    LAKE FOREST,IL60045     		  PC GENERAL OPERATIONS 2,500
    LAKE FOREST COUNTRY DAY SCHOOL
    145 S GREEN BAY ROAD
    LAKE FOREST,IL60045     		  PC GENERAL OPERATIONS 600
    LAKE FOREST OPEN LANDS ASSOCIATION
    272 E DEERPATH RD
    LAKE FOREST,IL60045     		  PC GENERAL OPERATIONS 23,500
    LEAGUE OF WOMEN VOTERS
    PO BOX 11036
    LEWISTON,ME04243     		  PC GENERAL OPERATIONS 100
    MISS PORTER'S SCHOOL
    60 MAIN ST
    FARMINGTON,CT06032     		  PC GENERAL OPERATIONS 1,600
    MONMOUTH COLLEGE
    700 E BROADWAY
    MONMOUTH,IL61462     		  PC GENERAL OPERATIONS 27,500
    NATIONAL PARKS & CONSERVATION ASSOCIATION
    777 6TH ST NW SUITE 700
    WASHINGTON DC,DC20001     		  PC GENERAL OPERATIONS 1,000
    NATURE CONSERVANCY OF MONTANA
    32 SOUTH EWING
    HELENA,MT59601     		  PC GENERAL OPERATIONS 5,000
    NORTH CHICAGO COMMUNITY PARTNERS
    855 SKOKIE HWY
    LAKE BLUFF,IL60044     		  PC GENERAL OPERATIONS 250
    NORTHERN ILLINOIS FOODBANK
    273 DEARBORN COURT
    GENEVA,IL60134     		  PC GENERAL OPERATIONS 1,000
    NORTHWESTERN MEDICINE LAKE FOREST HOSPITAL
    660 N WESTMORELAND ROAD
    LAKE FOREST,IL60045     		  PC GENERAL OPERATIONS 2,000
    ONE ELEUTHERA FOUNDATION
    6 CAROLINA LANE
    BEAUFORT,SC29907     		  PC GENERAL OPERATIONS 1,000
    OQUAWKA FIRE PROTECTION DISTRICT
    WARREN ST
    OQUAWKA,IL61469     		  PC GENERAL OPERATIONS 7,500
    PARTNERS IN HEALTH
    800 BOYLSTON STREET SUITE 300
    BOSTON,MA02199     		  PC GENERAL OPERATIONS 250
    PATHFINDER INTERNATIONAL
    1250 23RD ST NW STE 475
    WASHINGTON,DC20037     		  PC GENERAL OPERATIONS 5,200
    PLANNED PARENTHOOD
    18 S MICHIGAN AVE
    CHICAGO,IL60603     		  PC GENERAL OPERATIONS 15,500
    PROJECT ANGEL HEART
    4950 WASHINGTON ST
    DENVER,CO80216     		  PC GENERAL OPERATIONS 1,000
    RAGDALE FOUNDATION
    1260 N GREEN BAY ROAD
    LAKE FOREST,IL60045     		  PC GENERAL OPERATIONS 1,000
    RAINBOW RIDERS
    822 200TH AVENUE
    MONMOUTH,IL61462     		  PC GENERAL OPERATIONS 1,417
    RUSH UNIVERSITY MEDICAL CENTER
    1620 W HARRISON ST
    CHICAGO,IL60612     		  PC GENERAL OPERATIONS 250
    ST GEORGE'S SCHOOL
    372 PURGATORY ROAD
    MIDDLETOWN,RI02842     		  PC GENERAL OPERATIONS 100
    THE CHICAGO COMMUNITY FOUNDATION (TAMMI GEORGI FUND)
    225 NORTH MICHIGAN AVE SUITE 2200
    CHICAGO,IL60601     		  PC GENERAL OPERATIONS 1,500
    THE CHICAGO COUNCIL ON GLOBAL AFFAIRS
    TWO PRUDENTIAL PLAZA 180 N STETSON
    AVE 1400
    CHICAGO,IL60601     		  PC GENERAL OPERATIONS 10,000
    THE COMMUNITY CHURCH OF LAKE FOREST & LAKE BLUFF
    PO BOX 26
    LAKE BLUFF,IL60044     		  PC GENERAL OPERATIONS 1,500
    THE LEADERSHIP INSTITUTE
    1101 N HIGHLAND ST
    ARLINGTON,VA22201     		  PC GENERAL OPERATIONS 2,500
    THE NEEDIEST CASES FUND
    PO BOX 5193
    NEW YORK,NY10087     		  PC GENERAL OPERATIONS 250
    THRIVE
    1010 EL CAMINO STE 250
    MENLO PARK,CA94025     		  PC GENERAL OPERATIONS 2,500
    UNIVERSITY OF THE SOUTH
    735 UNIVERSTIY AVENUE
    SEWANEE,TN37383     		  PC GENERAL OPERATIONS 100
    WARREN COUNTY UNITED WAY
    3989 US-42
    LEBANON,OH45036     		  PC GENERAL OPERATIONS 1,000
    WBEZ 915
    848 E GRAND AVE
    CHICAGO,IL60611     		  PC GENERAL OPERATIONS 500
    WQPT QUAD CITIES PBS
    3300 RIVER DRIVE
    MOLINE,IL61265     		  PC GENERAL OPERATIONS 500
    WTTW CHANNEL 11
    5400 NORTH ST LOUIS AVE
    CHICAGO,IL60625     		  PC GENERAL OPERATIONS 2,000
    WYOMING NATURE CONSERVANCY
    258 MAIN STREET
    LANDER,WY82520     		  PC GENERAL OPERATIONS 6,250
    WYOMING PUBLIC RADIO
    1000 E UNIVERSITY AVE DEPT 3984
    LARAMIE,WY82071     		  PC GENERAL OPERATIONS 250
    YELLOWSTONE FOREVER
    222 EAST MAIN ST SUITE 301
    BOZEMAN,MT59715     		  PC GENERAL OPERATIONS 2,250
    YELLOWSTONE PUBLIC RADIO
    1500 UNIVERSITY DRIVE
    BILLINGS,MT59101     		  PC GENERAL OPERATIONS 2,500
    Total .................................bullet 3a 210,817
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 60,958  
    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.....     01 32,406  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 3,815  
    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 97,179 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    97,179
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    CLARKS FORK FOUNDATION
    EIN:
    36-3674219
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING AND ADMINISTRATIVE FEES 14,370 7,185   7,185

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    CLARKS FORK FOUNDATION
    EIN:
    36-3674219
    Name of Stock End of Year Book Value End of Year Fair Market Value
    17 SHS ALPHABET 15,635 29,795
    525 SHS AMERICAN INTL GROUP 23,693 19,877
    295 SHS CBRE GROUP 10,790 18,502
    380 SHS CITIGROUP INC 21,661 23,431
    350 SHS COMCAST CORP 12,130 18,340
    440 SHS GENERAL MTRS 15,158 18,322
    65 SHS HCA HEALTHCARE INC 5,848 10,690
    215 SHS HOWARD HUGHES CORP 17,487 16,970
    910 SHS INTERPUBLIC GROUP 20,180 21,403
    120 SHS LIBERTY BROADBAND CORP 9,546 19,004
    255 SHS ORACLE CORP 10,501 16,496
    155 SHS TE CONNECTIVITY LTD 12,598 18,766
    80 SHS VISA INC 6,932 17,498
    735 SHS WELLS FARGO & CO 18,096 22,182
    170 SHS HILTON WORLDWIDE HLDGS INC 12,446 18,914
    165 SHS AGILENT TECHNOLOGIES 10,899 19,551
    85 SHS CONSTELLATION BRANDS 12,007 18,619
    70 SHS FACEBOOK 12,682 19,121
    180 SHS LIVANOVA PLC 10,903 11,918
    310 SHS CHARLES SCHWAB 13,906 16,442
    80 SHS BERKSHIRE HATHAWAY INC DEL CL B 13,841 18,550
    9 SHS BOOKING HLDGS INC 15,870 20,045
    185 SHS EOG RES INC 7,991 9,226
    560 SHS KEURIG DR PEPPER INC 15,305 17,920
    50 SHS WORKDAY INC 6,850 11,981

    TY 2020 InvestmentsOtherSchedule2
    Name:
    CLARKS FORK FOUNDATION
    EIN:
    36-3674219
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    26133.071 SHS ADARA SMALLER COMPANIES FUND FMV 335,710 455,761
    29505.673 SHS TOUCHSTONE SANDS CAPITAL INST'L GROWTH FUND FMV 386,038 601,031
    110870.661 SHS AQUARIUS INTERNATIONAL FUND FMV 1,051,642 1,227,338
    2116.465 SHS VANGUARD INTL EQUITY INDEX FUND FMV 159,659 195,942
    556.679 SHS ISHARES TR RUSSELL 2000 ETF FMV 83,806 109,142
    10651.96 SHS TIAA-CREF REAL ESTATE SECURITIES FUND FMV 176,970 188,220
    25634.534 SHS MATISSE DISCOUNTED CLOSED-END FUND FMV 162,166 214,305
    14753.051 SHS FIDELITY ADVISOR INTERNATIONAL REAL ESTATE FUND CLASS Z FMV 181,770 197,396
    2029.522 SHS FIDELITY 500 INDEX FUND FMV 185,797 264,183
    18087.172 SHS RIVER CANYON TOTAL RETURN BOND FUND FMV 198,006 196,607

    TY 2020 OtherExpensesSchedule
    Name:
    CLARKS FORK FOUNDATION
    EIN:
    36-3674219
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS EXPENSES 1,544 1,544   0
      0 0   0


    TY 2020 OtherIncomeSchedule2
    Name:
    CLARKS FORK FOUNDATION
    EIN:
    36-3674219
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MADOFF VICTIM FUND RECOVERY 32,406 32,406 32,406


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    CLARKS FORK FOUNDATION
    EIN:
    36-3674219
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 18,684 18,684   0


    TY 2020 TaxesSchedule
    Name:
    CLARKS FORK FOUNDATION
    EIN:
    36-3674219
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES - PERSHING QUU-014996 1,893 1,893   0