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 03-01-2020 , and ending 02-28-2021
Name of foundation
L E PHILLIPS FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)3925 N HASTINGS WAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
EAU CLAIRE, WI54703
A Employer identification number

39-6046126
B Telephone number (see instructions)

(715) 839-2139
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$110,213,038J 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 497,818 497,818  
4 Dividends and interest from securities... 3,126,994 3,126,994  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 40
b Gross sales price for all assets on line 6a 40
7 Capital gain net income (from Part IV, line 2)... 40
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 3,624,852 3,624,852  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 57,350 45,880   11,470
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 12,056 9,645   2,411
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 4,602 4,602    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 50,637 1,167    
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 4,974 4,586   368
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 129,619 65,880   14,249
25 Contributions, gifts, grants paid....... 5,312,450 5,312,450
26 Total expenses and disbursements. Add lines 24 and 25 5,442,069 65,880   5,326,699
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,817,217
b Net investment income (if negative, enter -0-) 3,558,972
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............. 4,201 11,205 11,206
2 Savings and temporary cash investments......... 34,211,347 42,182,270 42,182,270
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.......... 545 1,075 1,075
10a Investments—U.S. and state government obligations (attach schedule) 10,404,856 Click to see attachment727,118 727,118
b Investments—corporate stock (attach schedule)....... 1,793,407 Click to see attachment1,793,407 67,261,878
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)..........      
14 Land, buildings, and equipment: basis bullet368
Less: accumulated depreciation (attach schedule) bullet307 135 Click to see attachment61 61
15 Other assets (describe bullet) Click to see attachment147,292 Click to see attachment29,430 Click to see attachment29,430
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 46,561,783 44,744,566 110,213,038
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund 20,971,251 20,971,251
28 Retained earnings, accumulated income, endowment, or other funds 25,590,532 23,773,315
29 Total net assets or fund balances (see instructions)..... 46,561,783 44,744,566
30 Total liabilities and net assets/fund balances (see instructions). 46,561,783 44,744,566
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
46,561,783
2
Enter amount from Part I, line 27a .....................
2
-1,817,217
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
44,744,566
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
44,744,566
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.)
1a
b
c
d
e
(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
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
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 40
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 49,470
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 49,470
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 49,470
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 50,545
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 50,545
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,075
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,075 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWI
    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 instructionsClick to see attachment.................
    12
    Yes
     
    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 ofbulletMELISSA NYHUS Telephone no.bullet (715) 839-2139

    Located atbullet3925 N HASTINGS WAYEAU CLAIREWI ZIP+4bullet54703
    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
    MARYJO COHEN PRESIDENT
    1.00     		0 0 0
    3925 N HASTINGS WAY
    EAU CLAIRE,WI54703
    RANDY F LIEBLE VP, TREAS
    1.00     		0 0 0
    3925 N HASTINGS WAY
    EAU CLAIRE,WI54703
    JEFF MADSON SEC, DIR
    1.00     		0 0 0
    3925 N HASTINGS WAY
    EAU CLAIRE,WI54703
    AMY ALPINE DIRECTOR
    1.00     		0 0 0
    3925 N HASTINGS WAY
    EAU CLAIRE,WI54703
    MELISSA NYHUS ASST SEC, AS
    20.00     		57,350 0 0
    3925 N HASTINGS WAY
    EAU CLAIRE,WI54703
    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  
    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.............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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    70,215,243
    b
    Average of monthly cash balances.......................
    1b
    38,210,393
    c
    Fair market value of all other assets (see instructions)................
    1c
    98
    d
    Total (add lines 1a, b, and c).........................
    1d
    108,425,734
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    108,425,734
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,626,386
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    106,799,348
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,339,967
    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
    5,339,967
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    49,470
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    49,470
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,290,497
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    5,290,497
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    5,290,497
    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
    5,326,699
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    5,326,699
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    5,326,699
    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 5,290,497
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 5,308,627
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 5,326,699
    a Applied to 2019, but not more than line 2a 5,308,627
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 18,072
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		5,272,425
    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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    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....  
    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 e-mail address of the person to whom applications should be addressed:
    MARYJO COHEN
    3925 N HASTINGS WAY
    EAU CLAIRE,WI54703
    (715) 839-2139
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER FORMAT-REQUEST APPLICATION GUIDELINES
    cAny submission deadlines:
    JANUARY 31
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NORTHWEST WI CHARITIES PREFERRED, EAU CLAIRE AND CHIPPEWA COUNTIES
    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
    AM SOCIETY FOR PROTECTION OF NATURE
    28 ARRANDALE AVE
    GREAT NECK,NY11024     		  PC OPERATING FUNDS 1,000
    AMERICAN FRIENDS OF BATSHEVA DANCE
    1201 BROADWAY SUITE 802
    NEW YORK,NY10001     		  PC OPERATING FUNDS 500
    AMERICAN FRIENDS OF THE ISRAEL MUSE
    545 FIFTH AVENUE SUITE 9
    NEW YORK,NY10017     		  PC OPERATING FUNDS 3,000
    AMERICAN JEWISH HISTORICAL SOCIETY
    15 WEST 16TH ST 5TH FLOO
    NEW YORK,NY10011     		  PC OPERATING FUNDS 500
    AMERICAN SOCIETY FOR YAD VASHEM
    500 FIFTH AVE
    NEW YORK,NY10110     		  PC OPERATING FUNDS 10,000
    AUDIO & BRAILLE LITERACY ENHANCEMEN
    803 W WELLS STREET
    MILWAUKEE,WI53233     		  PC AUDIO BOOKS PROGRAM 1,500
    BARBERSHOP HARMONY SOCIETY
    1804 CONANT ST
    STEVENS POINT,WI54481     		  PC OPERATING FUNDS 6,000
    BEAVER CREEK RESERVE
    S1 COUNTY HIGHWAY K
    FALL CREEK,WI54742     		  PC OPERATING FUNDS 3,000
    BRIC
    647 FULTON STREET
    BROOKLYN,NY11217     		  PC OPERATING FUNDS 500
    BROOKLYN ACADEMY OF MUSIC
    30 LAFAYETTE AVE
    BROOKLYN,NY11217     		  PC OPERATING FUNDS 500
    BROOKLYN BOTANIC GARDENS
    1000 WASHINGTON AVE
    BROOKLYN,NY11225     		  PC OPERATING FUNDS 1,000
    BROOKLYN PUBLIC LIBRARY
    10 GRAND ARMY PLAZA
    BROOKLYN,NY11238     		  PC OPERATING FUNDS 1,500
    CATHOLIC CHARITIES-SOJOURNER HOUSE
    318 FULTON ST
    EAU CLAIRE,WI54701     		  PC OPERATING FUNDS 1,000
    CENTER FOR JEWISH COMMUNITY STUDIES
    7 CHURCH LANE SUITE 9
    BALTIMORE,MD21208     		  PC OPERATING FUNDS 1,000
    CHIPPEWA HUMANE ASSOCIATION
    PO BOX 562
    CHIPPEWA FALLS,WI54729     		  PC OPERATING FUNDS 1,500
    CHIPPEWA VALLEY FAMILY YMCA
    611 JEFFERSON AVE
    CHIPPEWA FALLS,WI54729     		  PC OPERATING FUNDS 500
    CHIPPEWA VALLEY HABITAT FOR HUMANIT
    145 N CLAIREMONT AVE
    EAU CLAIRE,WI54703     		  PC OPERATING FUNDS 1,500
    CHIPPEWA VALLEY WILDLIFE REHABILITA
    8135 BURNELL DRIVE
    EAU CLAIRE,WI54703     		  PC OPERATING FUNDS 1,500
    CITY HARVEST
    6 EAST 32ND ST
    NEW YORK,NY10016     		  PC OPERATING FUNDS 500
    COLAB THEATER GROUP
    PO BOX 727
    NEW YORK,NY10108     		  PC OPERATING FUNDS 500
    COMMENTARY INC
    561 7TH AVE
    NEW YORK,NY10018     		  PC OPERATING FUNDS 10,000
    DANCENYC
    218 EAST 18TH ST 4TH FLO
    NEW YORK,NY10003     		  PC OPERATING FUNDS 500
    DANSPACE PROJECT
    131 EAST 10TH ST
    NEW YORK,NY10003     		  PC OPERATING FUNDS 500
    DISCALCED DANCE FOR PD
    3 LAFAYETTE AVE
    BROOKLYN,NY11217     		  PC OPERATING FUNDS 1,000
    DUNN COUNTY HUMANE SOCIETY
    302 BRICKYARD ROAD
    MENOMONIE,WI54751     		  PC OPERATING FUNDS 2,500
    EAU CLAIRE CHAMBER ORCHESTRA
    PO BOX 1623
    EAU CLAIRE,WI54702     		  PC OPERATING FUNDS 1,500
    EAU CLAIRE COUNTY HUMANE SOCIETY
    3900 OLD TOWN HALL RD
    EAU CLAIRE,WI54701     		  PC OPERATING FUNDS 1,500
    EAU CLAIRE PUBLIC SCHOOLS FDN
    PO BOX 511
    EAU CLAIRE,WI54702     		  PC OPERATING FUNDS 3,100
    EDIBLE SCHOOLYARD NYC
    20 JAY STREET SUITE M9
    BROOKLYN,NY11201     		  PC OPERATING FUNDS 500
    ELECTRONIC FRONTIER FOUNDATION
    815 EDDY ST
    SAN FRANCISCO,CA94109     		  PC OPERATING FUNDS 500
    FIDELITY CHARITABLE
    100 CROSBY PKWY KC1D-FCS
    COVINGTON,KY41015     		  PC OPERATIONS 2,580,000
    FRIENDS OF LE PHILLIPS MEM PUBLIC L
    400 EAU CLAIRE ST
    EAU CLAIRE,WI54703     		  PC OPERATING FUNDS 1,500
    FRIENDS OF THE HIGH LINE
    820 WASHINGTON ST
    NEW YORK,NY10014     		  PC OPERATING FUNDS 150
    FRIENDS OF THE STRUM PUBLIC LIBRARY
    PO BOX 10
    STRUM,WI54770     		  PC OPERATING FUNDS 500
    GLOBAL ACADEMY
    3000 5TH ST NW
    NEW BRIGHTON,MN55112     		  PC OPERATING FUNDS 10,000
    GRINDSTONE LAKE FOUNDATION
    PO BOX 292
    HAYWARD,WI54843     		  PC OPERATING FUNDS 4,000
    GROW NYC GREENMARKET
    PO BOX 2327
    NEW YORK,NY10272     		  PC OPERATING FUNDS 1,000
    GUTHRIE THEATRE FOUNDATION
    818 SOUTH 2ND STREET
    MINNEAPOLIS,MN55415     		  PC OPERATING FUNDS 4,500
    HELPING HANDS MONKEY HELPERS FOR DI
    541 CAMBRIDGE STREET
    BOSTON,MA02134     		  PC OPERATING FUNDS 1,500
    HISTORY THEATRE
    30 E TENTH STREET
    ST PAUL,MN55101     		  PC OPERATING FUNDS 2,000
    JAMES BEARD FOUNDATION
    167 WEST 12TH STREET
    NEW YORK,NY10011     		  PC OPEN FOR GOOD FUND 500
    JOYCE THEATRE FOUNDATION
    175 EIGHTH AVENUE
    NEW YORK,NY10011     		  PC OPERATING FUNDS 500
    JUNIOR ACHIEVEMENT OF WI NORTHWEST
    2004 HIGHLAND AVE SUITE
    EAU CLAIRE,WI54701     		  PC OPERATING FUNDS 5,000
    KEREN YEHOSHUA V'YISROEL FOUNDATION
    125 CAREY STREET
    LAKEWOOD,NJ08701     		  PC INTERNET EDUCATION PROJECT 1,000
    L E PHILLIPS CAREER DEVELOPMENT C
    1515 BALL STREET
    EAU CLAIRE,WI54703     		  PC OPERATING FUNDS 112,000
    L E PHILLIPS MEMORIAL PUBLIC LIBR
    400 EAU CLAIRE ST
    EAU CLAIRE,WI54701     		  PC STORY BUILDER CAPITAL CAMPAIGN 1,500,000
    L E PHILLIPS SENIOR CENTER
    1616 BELLINGER ST
    EAU CLAIRE,WI54703     		  PC PARKING LOT EXPANSION 200,000
    LEADER DOGS FOR THE BLIND
    1309 S ROCHESTER ROAD
    ROCHESTER HILLS,MI48307     		  PC OPERATING FUNDS 25,000
    LITERACY CHIPPEWA VALLEY
    510 S FARWELL STREET
    EAU CLAIRE,WI54701     		  PC OPERATING FUNDS 16,650
    MABEL TAINTER CENTER FOR THE ARTS
    205 MAIN STREET EAST
    MENOMONIE,WI54751     		  PC OPERATING FUNDS 2,500
    MAYO CLINIC
    200 FIRST STREET SW
    ROCHESTER,MN55905     		  PC MEDICAL SCHOOL, COPD RESEARCH 20,100
    MINNEAPOLIS INSTITUTE OF ARTS
    2400 THIRD AVENUE SOUTH
    MINNEAPOLIS,MN55404     		  PC OPERATING FUNDS 1,500
    MINNESOTA PUBLIC RADIO
    480 CEDAR STREET
    ST PAUL,MN55101     		  PC OPERATING FUNDS 500
    MUSEUM AT ELDRIDGE STREET
    12 ELDRIDGE STREET
    NEW YORK,NY10002     		  PC OPERATING FUNDS 500
    NEW YORK CITY CENTER
    130 WEST 56TH STREET
    NEW YORK,NY10019     		  PC OPERATING FUNDS 500
    NEW YORK FOUNDATION FOR THE ARTS
    20 JAY STREET SUITE 740
    NEW YORK,NY11201     		  PC OPERATING FUNDS 500
    NEW YORK PUBLIC RADIO
    160 VARICK STREET 8TH FL
    NEW YORK,NY10013     		  PC OPERATING FUNDS 750
    NEW YORK RESTORATION PROJECT
    254 WEST 31ST ST 10TH FL
    NEW YORK,NY10001     		  PC OPERATING FUNDS 500
    OLBRICH BOTANICAL GARDENS
    3330 ATWOOD AVE
    MADISON,WI53704     		  PC OPERATING FUNDS 1,500
    OPENING ACT
    81 PROSPECT ST
    BROOKLYN,NY11201     		  PC OPERATING FUNDS 500
    PEF - ISRAEL ENDOWMENT FUNDS
    630 THIRD AVENUE SUITE 1
    NEW YORK,NY10017     		  PC OPERATING FUNDS 10,000
    PRIMATES INCORPORATED
    PO BOX 7384
    MADISON,WI53707     		  PC OPERATING FUNDS 5,000
    PRO MUSICA HEBRAICA
    1225 19TH ST NW STE 700
    WASHINGTON,DC20036     		  PC OPERATING FUNDS 500
    PROPUBLICA
    155 AVENUE OF THE AMERICA
    NEW YORK,NY10013     		  PC OPERATING FUNDS 1,000
    PROSPECT PARK ALLIANCE
    95 PROSPECT PARK WEST
    BROOKLYN,NY11215     		  PC OPERATING FUNDS 500
    SHELL MUSEUM AND EDUCATIONAL FDN IN
    PO BOX 1580
    SANIBEL,FL33957     		  PC OPERATING FUNDS 500
    ST ANN'S WAREHOUSE
    45 WATER ST
    BROOKLYN,NY11201     		  PC OPERATING FUNDS 500
    STANFORD UNIVERSITY
    485 BROADWAY FOURTH FLOO
    REDWOOD CITY,CA94063     		  PC MATTHEW SMUCK POSTURE RESEARCH 2,000
    SURE WE CAN INC
    219 MCKIBBEN ST
    BROOKLYN,NY11206     		  PC OPERATING FUNDS 500
    TEMPLE SHALOM
    PO BOX 1059
    EAU CLAIRE,WI54702     		  PC OPERATING FUNDS 5,000
    THE FRIENDS OF GOVERNORS ISLAND
    10 SOUTH ST SLIP 7
    NEW YORK,NY10004     		  PC OPERATING FUNDS 500
    THE REACH FOUNDATION
    2205 HEIMSTEAD ROAD
    EAU CLAIRE,WI54703     		  PC OPERATING FUNDS 1,000
    THE SEEING EYE
    PO BOX 375
    MORRISTOWN,NJ07963     		  PC OPERATING FUNDS 50,000
    THE WOOSTER GROUP
    PO BOX 654
    NEW YORK,NY10013     		  PC OPERATING FUNDS 500
    TORAH ACADEMY OF MINNEAPOLIS
    2800 JOPPA STREET
    ST LOUIS PARK,MN55416     		  PC SCHOLARSHIPS 20,000
    UNITED COMMUNITY CENTERS EAST NY FA
    613 NEW LOTS AVENUE
    BROOKLYN,NY11207     		  PC OPERATING FUNDS 500
    UNITED LUBAVICH YOUTH OF YESHIVA
    433 CROWN ST
    BROOKLYN,NY11225     		  PC SCHOLARSHIPS 500
    UNIVERSITY OF MINNESOTA FOUNDATION
    PO BOX 860266
    MINNEAPOLIS,MN55486     		  PC SPIVAK INNOVATION FUND 10,000
    UNIVERSITY OF MINNESOTA HILLEL FOUN
    1521 UNIVERSITY AVENUE SE
    MINNEAPOLIS,MN55414     		  PC OPERATING FUNDS 1,000
    UNIVERSITY OF WI FOUNDATION-MADISON
    1848 UNIVERSITY AVE
    MADISON,WI53726     		  PC MEDICAL SCHOLARSHIPS 20,000
    UNIVERSITY OF WI-EAU CLAIRE FOUNDAT
    PO BOX 4004
    EAU CLAIRE,WI54702     		  PC EDUCATIONAL PROGRAMS 618,200
    WI PUBLIC TELEVISION (FRIENDS OF PB
    821 UNIVERSITY AVE NO 107
    MADISON,WI53706     		  PC OPERATING FUNDS 3,000
    WISCONSIN HISTORICAL FOUNDATION
    816 STATE STREET
    MADISON,WI53791     		  PC OPERATING FUNDS 3,000
    WISCONSIN PUBLIC RADIO
    821 UNIVERSITY AVE
    MADISON,WI53706     		  PC OPERATING FUNDS 5,000
    Total .................................bullet 3a 5,312,450
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 497,818  
    4 Dividends and interest from securities....     14 3,126,994  
    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 ............     		    14 40  
    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)..   3,624,852  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,624,852
    (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 InvestmentsCorpStockSchedule
    Name:
    L E PHILLIPS FAMILY FOUNDATION INC
    EIN:
    39-6046126
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCO BRANDS 13,812 118,762
    ALTRIA GROUP 94,228 11,719,680
    ANGLO AMERICAN PLC 351,413 1,901,597
    ANGLOGOLD ASHANTI LTD 352,663 447,683
    BARRICK GOLD CORP 230,765 200,030
    CHEVRON 171,911 4,065,600
    FORTUNE BRANDS HOME & SEC 47,185 5,187,271
    GOLD FIELDS LTD 83,462 163,391
    GOODYEAR TIRE & RUBBER 3,307 7,060
    KRAFT HEINZ COMPANY   2,255,742
    MCKESSON CORP   330,225
    MERITOR 1,989 12,512
    MONDELEZ INTL   9,888,611
    NATIONAL PRESTO IND 104,324 1,839,382
    PFIZER 31,078 1,446,768
    PHILIP MORRIS 214,717 22,584,576
    PROCTER & GAMBLE 28,593 4,295,385
    SIBANYE GOLD 13,880 97,035
    TIMKEN COMPANY 17,950 156,700
    TIMKEN STEEL 7,472 8,080
    WHIRLPOOL CORP 24,658 456,192
    VIATRIS INC   79,596

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    L E PHILLIPS FAMILY FOUNDATION INC
    EIN:
    39-6046126
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

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


    727,118
    State & Local Government Securities - End of Year Fair Market Value:


    727,118


    TY 2020 LandEtcSchedule2
    Name:
    L E PHILLIPS FAMILY FOUNDATION INC
    EIN:
    39-6046126
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE EQUIPMENT 368 307 61 61


    TY 2020 OtherAssetsSchedule
    Name:
    L E PHILLIPS FAMILY FOUNDATION INC
    EIN:
    39-6046126
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST RECEIVABLE 147,292 29,430 29,430


    TY 2020 OtherExpensesSchedule
    Name:
    L E PHILLIPS FAMILY FOUNDATION INC
    EIN:
    39-6046126
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INSURANCE 464 371   93
    BANK SERVICE CHARGES 1,007 849   158
    FOREIGN DEPOSIT FEES ON DIVID 2,824 2,824    
    OFFICE SUPPLIES AND EXPENSE 116 93   23
    POSTAGE 339 271   68
    WEB HOST 130 104   26
    STATE FILING FEES 20      
    INVESTMENT DEPRECIATION 74 74    


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    L E PHILLIPS FAMILY FOUNDATION INC
    EIN:
    39-6046126
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT PLACEMENT SERVICES 4,602 4,602    


    TY 2020 TaxesSchedule
    Name:
    L E PHILLIPS FAMILY FOUNDATION INC
    EIN:
    39-6046126
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 49,470      
    FOREIGN TAX WITHHELD FROM DIVIDE 1,167 1,167