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
STEWART EDUCATION FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118

A Employer identification number

87-6179880

B Telephone number (see instructions)

(888) 730-4933

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

$56,844,688J 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	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	1,026,596		1,026,426
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-379,914
b	Gross sales price for all assets on line 6a 4,414,616
7	Capital gain net income (from Part IV, line 2)...			0
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		2,764	394
12	Total. Add lines 1 through 11........	649,446		1,026,820
13	Compensation of officers, directors, trustees, etc.	375,410		106,945		268,465
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		1,730	1,730		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	377,140		108,675	0	268,465
25	Contributions, gifts, grants paid.......	2,001,111				2,001,111
26	Total expenses and disbursements. Add lines 24 and 25	2,378,251		108,675	0	2,269,576
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-1,728,805
b	Net investment income (if negative, enter -0-)			918,145
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.............
	2	Savings and temporary cash investments.........	3,193,002	2,917,418	2,917,418
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	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).......		10,739,612	26,191,007
	c	Investments—corporate bonds (attach schedule).......		17,467,219	18,400,715
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	35,941,688	7,701,159	9,335,548
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	39,134,690	38,825,408	56,844,688
	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 )
	23	Total liabilities (add lines 17 through 22).........		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........	39,134,690	38,825,408
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	39,134,690	38,825,408
	30	Total liabilities and net assets/fund balances (see instructions).	39,134,690	38,825,408

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

39,134,690

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

-1,728,805

Other increases not included in line 2 (itemize) bullet

1,420,455

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

38,826,340

Decreases not included in line 2 (itemize) bullet

932

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

38,825,408

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	630. ACCENTURE PLC			2020-01-13
b	400000. US TREASURY NOTE 3.625% 2/15/20			2020-02-15
c	2180. OCCIDENTAL PETE CORP			2020-03-11
d	1520. ROYAL CARRIBEAN CRUISE			2020-03-16
e	1570. SCHLUMBERGER LTD		2019-12-05	2020-03-24
	1425. SCHLUMBERGER LTD			2020-03-24
	2825. BANK OF AMERICA CORP			2020-04-17
	1875. CITIGROUP INC.			2020-04-17
	605. PNC FINANCIAL SERVICES GROUP			2020-04-17
	1060. TRUIST FINANCIAL CORP			2020-04-17
	1625. US BANCORP			2020-04-17
	2730. GILEAD SCIENCES INC			2020-04-30
	870. ALLERGAN PLC		2013-10-02	2020-05-08
	135. ALLERGAN PLC		2018-03-29	2020-05-08
	85. ALLERGAN PLC		2018-04-23	2020-05-08
	95. ALLERGAN PLC		2018-05-22	2020-05-08
	30. ALLERGAN PLC		2018-11-26	2020-05-08
	325. GOLDMAN SACHS GROUP INC			2020-05-14
	420. JPMORGAN CHASE & CO		2019-10-25	2020-05-14
	150. JPMORGAN CHASE & CO		2018-05-22	2020-05-14
	560. PNC FINANCIAL SERVICES GROUP			2020-05-14
	1775. US BANCORP			2020-05-14
	550000. US TREASURY NOTE 3.500% 5/15/20		2011-04-29	2020-05-15
	.19 ABBVIE INC		2020-05-08	2020-05-28
	800. MOHAWK INDS INC COM			2020-06-09
	1000000. US TREASURY NOTE 2.625% 11/15/20			2020-11-15
	2162. PHILLIPS 66			2020-11-18
	.4348 VIATRIS INC		2018-11-26	2020-12-02
	564. VIATRIS INC			2020-12-14
	326. VONTIER CORP			2020-12-14
	1000000. US TREASURY NOTE 2.375% 12/31/20		2019-05-01	2020-12-31
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	131,709	81,132	50,577
b	400,000	396,236	3,764
c	28,783	168,503	-139,720
d	48,547	76,020	-27,473
e	21,844	56,704	-34,860
	19,826	96,259	-76,433
	64,203	101,416	-37,213
	82,121	114,325	-32,204
	59,209	90,418	-31,209
	33,996	56,751	-22,755
	55,565	83,184	-27,619
	229,844	174,367	55,477
	168,114	125,280	42,834
	26,087	22,752	3,335
	16,425	13,614	2,811
	18,357	14,811	3,546
	5,797	4,589	1,208
	54,050	68,332	-14,282
	35,056	52,722	-17,666
	12,520	17,020	-4,500
	52,615	51,217	1,398
	50,927	77,502	-26,575
	550,000	565,127	-15,127
	17	16	1
	88,057	164,478	-76,421
	1,000,000	999,895	105
	138,583	109,698	28,885
	7	8	-1
	9,665	6,426	3,239
	10,413	4,517	5,896
	1,000,000	1,001,211	-1,211
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279
			2,279

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			50,577
b			3,764
c			-139,720
d			-27,473
e			-34,860
			-76,433
			-37,213
			-32,204
			-31,209
			-22,755
			-27,619
			55,477
			42,834
			3,335
			2,811
			3,546
			1,208
			-14,282
			-17,666
			-4,500
			1,398
			-26,575
			-15,127
			1
			-76,421
			105
			28,885
			-1
			3,239
			5,896
			-1,211

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	-379,914
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

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

1 Reserved

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

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

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

Form 990-PF (2020)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	12,762
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	12,762
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	12,762
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	24,812
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	24,812
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	12,050
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax12,050	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

WELLS FARGO BANK NA Telephone no. bullet

(888) 730-4933

Located at bullet

100 N MAIN ST MAC D4001-117WINSTON SALEMNC ZIP+4 bullet

27101

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-)
JACK LAMPROS	CHAIR 1	38,800
PO BOX 53456 PHOENIX,AZ85072	CHAIR 1	38,800
DEAN W HURST	CO-VICE CHARI 1	34,800
PO BOX 53456 PHOENIX,AZ85072	CO-VICE CHARI 1	34,800
RICHARD STROMBERG	DIRECTOR 1	39,600
PO BOX 53456 PHOENIX,AZ85072	DIRECTOR 1	39,600
JAMIE SHENEFELT	DIRECTOR 1	34,800
PO BOX 53456 PHOENIX,AZ85072	DIRECTOR 1	34,800
KRISTEN HURST-HYDE	DIRECTOR 1	34,800
PO BOX 53456 PHOENIX,AZ85072	DIRECTOR 1	34,800
KARIN HURST OLSEN	DIRECTOR 1	28,800
PO BOX 53456 PHOENIX,AZ85072	DIRECTOR 1	28,800
JACLYN LAMPROSE HUNT	DIRECTOR 1	28,800
PO BOX 53456 PHOENIX,AZ85072	DIRECTOR 1	28,800
SEAN STROMBERG	DIRECTOR 1	28,800
PO BOX 53456 PHOENIX,AZ85072	DIRECTOR 1	28,800
WELLS FARGO BANK N A	TRUSTEE 1	106,210
100 N MAIN ST MAC D4001-117 WINSTON SALEM,NC27101	TRUSTEE 1	106,210

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


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









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

Form 990-PF (2020)

Page 7

Part VIII

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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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

49,092,472

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

3,569,946

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

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

52,662,418

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

52,662,418

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

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

789,936

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

51,872,482

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

2,593,624

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

2,593,624

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

12,762

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

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

12,762

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

2,580,862

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

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

2,580,862

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

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

2,580,862

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 ..........

2,269,576

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

2,269,576

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

2,269,576

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					2,580,862
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	0
b From 2016......	0
c From 2017......	81,069
d From 2018......	5,426
e From 2019......	0
fTotal of lines 3a through e........		86,495
4Qualifying distributions for 2020 from Part
XII, line 4: $ 2,269,576
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.....					2,269,576
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.		86,495			86,495
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					224,791
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2016....	0
b Excess from 2017....	0
c Excess from 2018....	0
d Excess from 2019....	0
e Excess from 2020....	0

Form 990-PF (2020)

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).)

NONE

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

NONE

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

Check here bullet

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:

MARY BARKER CO WELLS FARGO BANK
2389 WASHINGTON BLVD 2ND FLOOR
OGDEN,UT84401
(888) 730-4933

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

WRITTEN REQUEST

cAny submission deadlines:

NONE, PREFERRED PRIOR TO SEPTEMBER 30TH

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

NONE

Form 990-PF (2020)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
SEE ATTACHED SEE ATTACHED OGDEN,UT84408	NONE	PC	GENERAL OPERATING	2,001,111
Total ................................. 3a				2,001,111

bApproved for future payment

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

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 ...........
4 Dividends and interest from securities....			14	1,026,596
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	-379,914
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFEDERAL TAX REFUND			1	2,370
bOTHER INCOME			1	394
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				649,446

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

649,446

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2020)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

STEWART EDUCATION FOUNDATION

EIN:

87-6179880

Name of Bond	End of Year Book Value	End of Year Fair Market Value
912828N30 US TREASURY NOTE 2.1	499,746	519,905
912828ZD5 US TREASURY NOTE	1,007,070	1,008,130
912828X47 US TREASURY NOTE	495,273	511,640
912828WJ5 US TREASURY NOTE 2.5	499,180	538,790
912828PX2 US TREASURY NOTE 3.6	1,459,016	1,455,742
912828RC6 US TREASURY NOTE 2.1	693,686	708,694
912828WE6 US TREASURY NOTE 2.7	1,004,102	1,074,220
9128284L1 US TREASURY NOTE	1,140,393	1,219,541
912828V98 US TREASURY NOTE	473,867	552,675
912828ZR4 US TREASURY NOTE	999,258	1,000,200
912828M56 US TREASURY NOTE	243,516	273,008
912828VS6 US TREASURY NOTE 2.5	1,490,195	1,592,220
912828ZU7 US TREASURY NOTE	1,001,133	1,002,580
912828X88 US TREASURY NOTE 2.3	478,359	557,715
912828Y61 US TREASURY NOTE	400,515	426,780
912828XB1 US TREASURY NOTE	1,462,934	1,618,950
9128282P4 US TREASURY NOTE 1.8	494,766	513,810
9128283C2 US TREASURY NOTE 2.0	497,090	517,090
912828B66 US TREASURY NOTE 2.7	1,642,316	1,647,305
912828XG0 US TREASURY NOTE	498,359	514,960
9128283W8 US TREASURY NOTE	986,445	1,146,760

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

STEWART EDUCATION FOUNDATION

EIN:

87-6179880

Name of Stock	End of Year Book Value	End of Year Fair Market Value
75513E101 RAYTHEON TECHNOLOGIE	67,476	103,690
26441C204 DUKE ENERGY HOLDING	107,190	141,460
00287Y109 ABBVIE INC	88,599	112,722
98978V103 ZOETIS INC	202,828	707,678
053015103 AUTOMATIC DATA PROCE	68,457	110,125
235851102 DANAHER CORP	86,414	358,756
337738108 FISERV INC	226,059	267,571
458140100 INTEL CORP	167,568	254,331
742718109 PROCTER & GAMBLE CO	80,604	306,108
883556102 THERMO FISHER SCIENT	186,437	486,740
060505104 BANK OF AMERICA CORP	198,497	338,441
38141G104 GOLDMAN SACHS GROUP	63,665	106,803
260557103 DOW INC	38,145	58,109
37045V100 GENERAL MOTORS CO	184,983	226,522
89832Q109 TRUIST FINANCIAL COR	127,656	179,498
031162100 AMGEN INC	108,097	121,858
032654105 ANALOG DEVICES INC	258,803	433,144
17275R102 CISCO SYSTEMS INC	133,537	189,069
526057104 LENNAR CORPORATION C	113,135	288,531
92343V104 VERIZON COMMUNICATIO	207,809	254,975
902973304 US BANCORP	110,873	196,144
40434L105 HP INC	84,509	105,614
693475105 PNC FINANCIAL SERVIC	106,940	239,890
438516106 HONEYWELL INTERNATIO	176,029	329,685
46625H100 JPMORGAN CHASE & CO	252,809	602,312
16119P108 CHARTER COMMUNICATIO	100,149	175,311
780259206 ROYAL DUTCH SHELL PL	71,087	44,276
30303M102 FACEBOOK INC	166,414	333,255
609207105 MONDELEZ INTERNATION	116,993	240,019
023135106 AMAZON COM INC COM	299,429	1,807,596
025816109 AMERICAN EXPRESS CO	116,241	120,305
548661107 LOWES COS INC	226,423	314,600
717081103 PFIZER INC	117,256	167,449
70450Y103 PAYPAL HOLDINGS INC	70,577	460,203
H1467J104 CHUBB LTD	93,591	96,200
910047109 UNITED AIRLINES HOLD	90,051	111,153
620076307 MOTOROLA SOLUTIONS,	104,051	141,150
097023105 BOEING CO	171,959	247,239
594918104 MICROSOFT CORP	387,700	1,641,460
907818108 UNION PACIFIC CORP	153,807	483,070
58933Y105 MERCK & CO INC NEW	118,983	213,089
172967424 CITIGROUP INC.	100,368	125,786
00206R102 AT & T INC	162,800	166,520
369604103 GENERAL ELECTRIC CO	1,607	81,000
459200101 INTERNATIONAL BUSINE	61,156	125,251
747525103 QUALCOMM INC	180,023	434,931
931142103 WALMART INC	133,049	301,274
191216100 COCA COLA CO	112,962	182,069
30231G102 EXXON MOBIL CORPORAT	74,394	112,902
084670702 BERKSHIRE HATHAWAY I	173,959	342,008
64110L106 NETFLIX INC	83,371	127,072
14448C104 CARRIER GLOBAL CORP	20,226	54,694
34959J108 FORTIVE CORP	26,178	57,718
79466L302 SALESFORCE COM INC	98,540	190,263
949746101 WELLS FARGO & CO	24,490	675,428
00724F101 ADOBE INC	188,146	1,042,750
037833100 APPLE INC	330,267	2,019,542
149123101 CATERPILLAR INC	86,846	175,649
437076102 HOME DEPOT INC	173,244	621,551
580135101 MCDONALDS CORP	81,814	283,246
713448108 PEPSICO INC	133,235	185,375
91324P102 UNITEDHEALTH GROUP I	65,094	543,554
87165B103 SYNCHRONY FINANCIAL	83,731	89,656
G1151C101 ACCENTURE PLC	48,979	292,555
68902V107 OTIS WORLDWIDE CORP	30,326	48,974
020002101 ALLSTATE CORP	107,131	211,066
110122108 BRISTOL MYERS SQUIBB	152,113	259,596
244199105 DEERE & CO	96,048	211,204
254687106 WALT DISNEY CO	110,211	361,454
478160104 JOHNSON & JOHNSON	200,889	355,679
617446448 MORGAN STANLEY	158,823	305,986
68389X105 ORACLE CORPORATION	55,853	160,108
824348106 SHERWIN WILLIAMS CO	240,940	591,603
22160K105 COSTCO WHOLESALE COR	162,134	493,582
31428X106 FEDEX CORPORATION	114,333	236,254
11135F101 BROADCOM INC	188,439	223,304
166764100 CHEVRON CORP	200,235	203,947
26614N102 DUPONT DE NEMOURS IN	55,882	74,381
02079K107 ALPHABET INC CL C	264,026	805,865
20825C104 CONOCOPHILLIPS	198,066	211,947
42824C109 HEWLETT PACKARD ENTE	107,854	89,112

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

STEWART EDUCATION FOUNDATION

EIN:

87-6179880

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
26441C204 DUKE ENERGY HOLDING
718546104 PHILLIPS 66
98978V103 ZOETIS INC
9128283C2 US TREASURY NOTE
912828X88 US TREASURY NOTE
9128282P4 US TREASURY NOTE
30303M102 FACEBOOK INC
023135106 AMAZON COM INC
235851102 DANAHER CORP
931142103 WAL MART STORES INC
87165B103 SYNCHRONY FINANCIAL
166764100 CHEVRON CORP
H1467J104 CHUBB LTD
464287168 ISHARES SELECT DIVID	AT COST	99,883	180,818
79466L302 SALESFORCE COM INC
74340W103 PROLOGIS INC	AT COST	108,916	171,415
609207105 MONDELEZ INTERNATION
949746101 WELLS FARGO & CO
29476L107 EQUITY RESIDENTIAL P	AT COST	64,875	79,435
459200101 INTERNATIONAL BUSINE
78462F103 SPDR S & P 500 ETF T	AT COST	871,443	1,144,073
458140100 INTEL CORP
617446448 MORGAN STANLEY
68389X105 ORACLE CORPORATION
693475105 PNC FINANCIAL SERVIC
9128284L1 US TREASURY NOTE
060505104 BANK AMER CORP
22160K105 COSTCO WHOLESALE COR
30231G102 EXXON MOBIL CORPORAT
92343V104 VERIZON COMMUNICATIO
902973304 US BANCORP DEL NEW
912828XG0 US TREASURY NOTE
608190104 MOHAWK INDS INC COM
58933Y105 MERCK & CO INC NEW
40434L105 HP INC
912828ND8 US TREASURY NOTE 3.5
34959J108 FORTIVE CORP
910047109 UNITED CONTINENTAL H
37045V100 GENERAL MOTORS CO
00206R102 AT & T INC
375558103 GILEAD SCIENCES INC
037833100 APPLE COMPUTER INC C
17275R102 CISCO SYSTEMS INC
254687106 WALT DISNEY CO
713448108 PEPSICO INC
717081103 PFIZER INC
191216100 COCA COLA CO
464287804 ISHARES CORE S&P SMA	AT COST	1,744,521	1,858,678
46625H100 JPMORGAN CHASE & CO
912828MP2 US TREASURY NOTE 3.6
42824C109 HEWLETT PACKARD ENTE
912828PC8 US TREASURY NOTE 2.6
298706110 AMER FNDS EUROPAC GR	AT COST	2,750,000	3,571,131
437076102 HOME DEPOT INC
478160104 JOHNSON & JOHNSON
674599105 OCCIDENTAL PETE CORP
883556102 THERMO FISHER SCIENT
31428X106 FEDEX CORPORATION
464287507 ISHARES CORE S&P MID	AT COST	1,742,911	2,014,460
G1151C101 ACCENTURE PLC
G0177J108 ALLERGAN PLC
084670702 BERSHIRE HATHAWAY IN
912828M56 US TREASURY NOTE
912828PX2 US TREASURY NOTE 3.6
V7780T103 ROYAL CARRIBEAN CRUI
032654105 ANALOG DEVICES INC
097023105 BOEING COMPANY
244199105 DEERE & CO
912828B66 US TREASURY NOTE 2.7
38141G104 GOLDMAN SACHS GROUP
438516106 HONEYWELL INTERNATIO
172967424 CITIGROUP INC
912828V98 US TREASURY NOTE
780259206 ROYAL DUTCH SHELL PL
912828RC6 US TREASURY NOTE 2.1
912828VS6 US TREASURY NOTE 2.6
912828WE6 US TREASURY NOTE 2.7
00724F101 ADOBE SYS INC
053015103 AUTOMATIC DATA PROCE
369604103 GENERAL ELECTRIC CO
548661107 LOWES COS INC
594918104 MICROSOFT CORP
747525103 QUALCOMM INC
580135101 MCDONALDS CORP
742718109 PROCTER & GAMBLE CO
806857108 SCHLUMBERGER LTD
907818108 UNION PACIFIC CORP
91324P102 UNITEDHEALTH GROUP I
9128283W8 US TREASURY NOTE
912828XB1 US TREASURY NOTE
70450Y103 PAYPAL HOLDINGS INC
02079K107 ALPHABET INC/CA
20825C104 CONOCOPHILLIPS
912828N30 US TREASURY NOTE
912828X47 US TREASURY NOTE
020002101 ALLSTATE CORP COM
110122108 BRISTOL MYERS SQUIBB
149123101 CATERPILLAR INC
526057104 LENNAR CORPORATION C
824348106 SHERWIN WILLIAMS CO
913017109 UNITED TECHNOLOGIES
912828WJ5 US TREASURY NOTE 2.5
81369Y886 AMEX UTILITIES SPDR	AT COST	205,285	235,752
912828Y61 US TREASURY NOTE
031162100 AMGEN INC
912828A83 US TREASURY NOTE 2.3
025816109 AMERICAN EXPRESS COM
260557103 DOW INC
16119P108 CCH I LLC
89832Q109 TRUIST FINANCIAL COR
64110L106 NETFLIX.COM INC
26614N102 DUPONT DE NEMOURS IN
337738108 FISERV INC
49427F108 KILROY REALTY CORP C	AT COST	113,325	79,786

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

STEWART EDUCATION FOUNDATION

EIN:

87-6179880

Description	Amount
MUTUAL FUND TIMING ADJ	48
PURCHASE OF ACCRUED INTEREST CARRYOVER	884

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

STEWART EDUCATION FOUNDATION

EIN:

87-6179880

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
FEDERAL TAX REFUND	2,370	0
OTHER INCOME	394	394

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

STEWART EDUCATION FOUNDATION

EIN:

87-6179880

Description	Amount
EXCESS FMV OVER BASIS OF ASSETS DISTR	1,420,131
COST BASIS ADJUSTMENT	324

- TIN:

TY 2020 TaxesSchedule

Name:

STEWART EDUCATION FOUNDATION

EIN:

87-6179880

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	1,730	1,730		0