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 02-01-2020 , and ending 01-31-2021
Name of foundation
TLC Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 3168
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Portland, OR97208
A Employer identification number

46-7334805
B Telephone number (see instructions)

(503) 464-3580
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$15,109,969J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 279,927 279,927  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -13,263
b Gross sales price for all assets on line 6a 2,885,744
7 Capital gain net income (from Part IV, line 2)... 74,941
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 3,695 3,695  
12 Total. Add lines 1 through 11........ 270,359 358,563  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 126,953 101,562   25,391
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 10,030 8,024   2,006
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 10,334 10,334   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 50,609 5,454   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,555 1,555   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 199,481 126,929   27,397
25 Contributions, gifts, grants paid....... 800,294 800,294
26 Total expenses and disbursements. Add lines 24 and 25 999,775 126,929   827,691
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -729,416
b Net investment income (if negative, enter -0-) 231,634
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 127,753 580,694 580,694
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 13,191,694 Click to see attachment12,025,296 14,529,275
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 bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment601 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,320,048 12,605,990 15,109,969
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 13,320,048 12,605,990
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 13,320,048 12,605,990
30 Total liabilities and net assets/fund balances (see instructions). 13,320,048 12,605,990
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
13,320,048
2
Enter amount from Part I, line 27a .....................
2
-729,416
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
21,293
4
Add lines 1, 2, and 3 ..........................
4
12,611,925
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
5,935
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
12,605,990
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Sale of Publicly Traded Securities P    
b Sale of Publicly Traded Securities P    
c Sale of Publicly Traded Securities D    
d Short Term Capital Gains Dividends P    
e Nonqualifed Short Term Capital Gains Dividends P    
Nonqualifed Short Term Capital Gains Dividends - US Obligations P    
Short Term Capital Gains Dividends - 199A P    
Long Term Capital Gains Dividends P    
Unrecaptured Section 1250 Gain P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 177,399   178,585 -1,186
b 1,641,483   1,723,828 -82,345
c 1,004,598   908,390 96,208
d 32     32
e 22,149     22,149
2,317     2,317
747     747
33,942     33,942
3,077     3,077
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       -1,186
b       -82,345
c       96,208
d       32
e       22,149
      2,317
      747
      33,942
      3,077
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 74,941
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 3,220
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 3,220
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 3,220
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 24,472
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 24,472
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 21,252
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet5,000 RefundedBullet 11 16,252
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletID
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletUS Bank NA Telephone no.bullet (208) 383-7200

    Located atbulletPO Box 7928BoiseID ZIP+4bullet83707
    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
     
    No
    ........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
    US Bank NA Trustee
    5.00     		126,953 0 0
    PO Box 7928
    Boise,ID83707
    Maureen L Howe Grant Committee Member
    1.00     		0 0 0
    PO Box 7928
    Boise,ID83707
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    13,659,244
    b
    Average of monthly cash balances.......................
    1b
    410,587
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    14,069,831
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    14,069,831
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    211,047
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    13,858,784
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    692,939
    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
    692,939
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    3,220
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,220
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    689,719
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    689,719
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    689,719
    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
    827,691
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    827,691
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    827,691
    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 7 689,719
    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...... 97,543
    b From 2016......  
    c From 2017...... 97,027
    d From 2018......  
    e From 2019...... 17,625
    fTotal of lines 3a through e........ 212,195
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 827,691
    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..... 689,719
    e Remaining amount distributed out of corpus 137,972
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 350,167
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		97,543
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		252,624
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 97,027
    c Excess from 2018....  
    d Excess from 2019.... 17,625
    e Excess from 2020.... 137,972
    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).)
    Maureen L Howe
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Boise Public Schools Education Foundation Inc
    8169 West Victory Rd
    Boise,ID83709     		None Public Charity Education - Boise, ID 114,750
    Caldwell School District #132
    1502 Fillmore St
    Caldwell,ID83605     		None Government Unit Education - Caldwell, ID 35,265
    Education Foundation for Joint School District #2 Inc
    1303 E Central Dr
    Meridian,ID83642     		None Public Charity Education - Meridian, ID 59,879
    Emmett Public School Foundation Inc
    400 S Pine Ste 1
    Emmett,ID83617     		None Public Charity Education - Emmett, ID 84,700
    Just Strays Animal Foundation Inc
    2833 S Victory View Way
    Boise,ID83709     		None Public Charity Animal Protection and Welfare, Specifically Cats 230,000
    Kuna Education Foundation Inc
    711 E Porter Rd
    Kuna,ID83634     		None Public Charity Education - Kuna, ID 101,040
    Middleton School District #134
    5 South 3rd Avenue West
    Middleton,ID83644     		None Government Unit Education - Middleton, ID 107,484
    Nampa School District #131
    619 S Canyon St
    Nampa,ID83686     		None Government Unit Education - Nampa, ID 17,176
    Friends of Zoo Boise
    355 Julia Davis Drive
    Boise,ID83702     		None Public Charity General support 50,000
    Total .................................bullet 3a 800,294
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 279,927  
    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.....     18 3,695  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -13,263  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 270,359 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    270,359
    (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:
    TLC Foundation
    EIN:
    46-7334805
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Abbvie Inc 3,569 4,202
    Alphabet Inc. Cl A 17,824 52,993
    Alphabet Inc. Cl C 10,866 34,879
    Anthem Inc. 4,139 8,909
    Apple Inc. 22,561 69,147
    Applied Materials Inc. 2,540 3,964
    At T Inc. 2,506 2,205
    Bank of America Corp 9,880 20,725
    Berkshire Hathaway Inc. Cl B 21,560 34,181
    Biogen, Inc. 18,990 16,109
    Boston Scientific Corp 15,631 25,588
    Bristol Myers Squibb Co 8,295 10,013
    Centene Corp 14,884 13,990
    Chevron Corporation 6,709 5,538
    Cigna Corp 8,378 12,155
    Cisco Sysstems Inc. 6,905 12,081
    Citigroup Inc. 12,915 15,599
    Comcast Corp Class A 5,627 7,832
    Conocophillips 7,133 4,043
    CVS Health Corp. 2,601 1,791
    Danaher Corp. 14,994 55,655
    Dupont De Nemours Inc. Wi 10,585 10,805
    E Bay Inc. 3,684 8,703
    Emerson Electric Co. 12,486 14,680
    Facebook Inc Class A 20,743 33,066
    Fiserv Inc. 25,172 30,910
    General Dynamics Corp. 3,272 3,374
    Gilead Sciences Inc. 5,540 4,198
    Honeywell International Inc. 10,157 20,318
    Intel Corp. 4,274 7,549
    Invesco Qqq Trust 254,126 328,715
    Ishares Core S P 500 Etf 2,754 2,972
    Ishares Russell 1000 Value 158,901 231,738
    JP Morgan Chase Co. 36,295 81,062
    Johnson Johnson 14,903 22,838
    Lockheed Martin Corp. 3,277 4,505
    Lowes Co. Inc. 1,688 5,339
    L3harris Technologies Inc. 3,855 8,747
    Mastercard Inc. 16,048 50,606
    Merck Co. Inc. 7,509 10,559
    Micron Technology Inc. 2,566 4,070
    Microsoft Corp. 4,545 25,748
    Monster Beverage Corp. 7,480 8,249
    Morgan Stanley 8,619 24,071
    Newmont Corporation 2,524 2,444
    Oracle Corporation 14,755 20,909
    Parker Hannifin Corp. 6,170 12,701
    Pfizer Inc. 2,426 2,477
    Procter & Gamble Co. 10,413 16,667
    Raytheon Technologies Corp. Com 9,053 11,211
    Spdr S P 500 Etf 1,055,384 1,740,809
    T Mobile US Inc. 2,519 2,774
    Target Corp. 21,083 48,010
    Texas Instruments Inc. 2,506 7,290
    Travelers Cos Inc. 2,518 3,135
    Truist Financial Corp. 17,625 27,061
    Unitedhealth Group Inc. 6,419 16,345
    Vanguard Equity Income Adm #565 260,664 271,374
    Verizon Communications Inc. 5,150 5,585
    Walmart Inc. 10,706 20,231
    Wells Fargo Co. 11,579 7,052
    A E S Corp. 2,438 5,415
    Allstate Corp. 9,631 17,256
    Amerisourcebergen Corp. 2,654 2,813
    Ametek Inc. 13,544 19,254
    Avantor Inc. 2,512 3,067
    Borg Warner Inc. 5,631 3,947
    C H Robinson Worldwide Inc. 10,840 12,920
    Cardinal Health Inc. 5,162 3,492
    Carlisle Cos Inc. 2,586 2,899
    Corteva Inc. 3,840 5,421
    Cummins Inc. 3,318 5,626
    D R Horton Inc. 7,035 6,989
    Delta Air Lines Inc. 8,691 7,782
    Discover Finl Svcs 9,344 14,202
    E O G Res Inc. 4,922 3,058
    Fifth Third Bancorp 2,429 3,934
    Fortive Corp Wi 21,864 24,780
    Godaddy Inc Class A 2,548 2,672
    Grainger W W Inc. 5,816 9,110
    Hewlett Packard Enterpris Co. 1,621 2,160
    HP Inc. 2,536 2,629
    Incyte Corp Com 10,204 11,039
    Ishares Russel Mid Cap Etf 323,581 385,904
    Ishares Russell Mid Cap Value Etf 323,712 344,552
    Laboratory Corp of America Holdings 2,496 4,578
    Lpl Financial Holdings Inc. 4,867 6,500
    McKesson Corporation 2,516 2,617
    Occidental Petroleum Corporation 9,457 2,508
    Omnicom Group Inc. 2,501 1,872
    On Semiconductor Corporation 11,283 32,800
    Post Holdings Inc. 22,040 42,683
    Pulte Group Inc. 6,469 15,530
    Quanta Svcs Inc. 7,152 14,587
    Robert Half Intl Inc. 7,285 7,290
    Sealed Air Corp. 2,957 2,663
    Skyworks Solutions Inc. 20,639 28,096
    The Gap Inc. 7,832 3,766
    Trimble Nav Ltd 2,572 3,295
    Tyson Foods Inc. Cl A 4,163 4,052
    United Airlines Holdings Inc. 1,771 1,520
    United Rentals Inc. 2,585 3,159
    V F Corp. 14,437 13,683
    Valero Energy Corp. 2,426 2,370
    Vanguard Mid Cap Indx Adm #5859 557,088 817,656
    Viatris Inc. 125 136
    Vistra Energy Corp. 2,571 2,816
    Williams Sonoma Inc. 4,358 9,927
    Zimmer Biomet Holdings Inc. 2,654 2,766
    Crown Holdings Inc. 3,731 6,311
    Advansix Inc. 54 85
    Bed Bath & Beyond Inc. 8,446 4,911
    Chesapeake Energy Corporation Com 5,680 5
    Cimarex Energy Co Com 2,451 970
    Dxc Technology Co. 2,931 2,707
    Eqt Corp 1,341 603
    Equitrans Midstream Corp. 1,183 193
    Flir Systems Inc. 22,430 22,225
    Gannett Co Inc. 649 457
    Garrett Motion Inc. 110 63
    Huntsman Corp. 2,431 4,201
    Kontoor Brands Inc. W I 945 903
    Mattel Inc. 13,347 6,849
    Perspecta Inc. 436 1,390
    Resideo Technologies Inc. 299 393
    Six Flags Entertainment 2,469 1,436
    Tegna Inc. 7,378 7,759
    Unum Group 5,020 3,299
    Vanguard Small Cap Index Fund #548 665,772 854,481
    Vontier Corporation Com 3,786 4,865
    Abb Ltd A D R 4,999 7,053
    Adidas Ag A D R 12,864 27,972
    Adyen Nv Unspon 22,865 24,368
    Aia Group Ltd A D R 18,632 43,747
    Air Liquide S A A D R 21,155 31,860
    Alcon Inc. 5,499 6,741
    Alfa L aval Ab A D R 7,096 12,083
    Allianz SE Unsp A D R 18,332 24,576
    Aon Plc 2,532 4,874
    Astellas Pharma Inc. A D R 8,924 9,416
    Atlas Copco Ab Spons A D R 10,982 20,279
    Atlassian Corp Plc Class A 8,346 10,170
    Audiocodes Ltd 2,483 2,310
    Avianca Holdings A D R 11,346 263
    B H P Billiton Limited A D R 2,607 3,205
    Baidu Inc Spon A D R 24,848 30,083
    Banco Bilbao Vizcaya Argen A D R 15,253 6,756
    Barrick Gold Corp 2,762 3,400
    Bayer Ag A D R 8,155 6,356
    BayerischeMotoren Spon A D R 14,397 9,857
    Bp Plc Spon A D R 10,100 4,888
    Bunge Limited 4,103 3,534
    Canadian Natl Railway Co. 14,043 21,650
    Canadian Natural Resources Ltd. 3,965 3,139
    Canon Inc Spons A D R 37,407 26,100
    Carnival Plc A D R 3,894 1,840
    Check Point Software Tech Ltd. 12,101 12,902
    Chubb Ltd 14,153 19,665
    Chugai Pharmaceutic Unsp A D R 13,262 15,903
    Chunghwa Telecom Co Ltd A D R 19,844 25,465
    Cia Saneamento Basico De A D R 8,389 6,005
    Cnooc Ltd A D R 5,868 3,195
    Coca Cola Eurorean Partners 21,015 20,958
    Coldplast A S A D R 7,593 14,591
    Crh Spon A D R 2,596 2,674
    Criteo Sa Spon A D R 11,332 7,180
    Danone Spon A D R 13,793 13,438
    Dassault Systemes Sa A D R 10,556 33,092
    Dbs Group Hldgs Lts Spon A D R 11,185 14,476
    Epiroc Ab Unsp A D R 2,523 3,297
    Equinor Asa Spon A D R 7,248 7,571
    Ericsson Lm Tel Sp A D R 10,773 12,445
    Fanuc Corporation A D R 6,818 12,041
    Finvolution Group A D R 2,611 4,516
    Flex Ltd 4,406 6,245
    Fly Leasing Ltd A D R 28,761 19,614
    Fresenius Aktiengesellschaft A D R 8,724 9,584
    Fuchs Petrolub SE Pref A D R 5,334 7,209
    Futu Holdings Ltd A D R 2,522 7,853
    Genmab A S Sp A D R 5,799 6,190
    Glaxo Smithkline P L C A D R 30,014 23,132
    Grifols Sa A D R 4,970 5,039
    Hdfc Bank Ltd A D R 2,886 4,182
    Hong Kong Exchanges Unsp A D R 2,591 7,211
    Icici Bank Ltd A D R 7,572 12,125
    Imperial Oil Ltd 6,505 2,454
    Industrias Bachoco Sab De Cv A D R 26,201 20,570
    Infineon Technologies A D R 15,334 26,138
    Itau Unibanco Holdings Sa A D R 15,868 9,756
    Jgc Holdings Corporation A D R 10,399 3,853
    Kinross Gold Corp 2,545 2,073
    Kone Oyj B Unspon A D R 9,121 16,017
    Koninklijke Ahold Delhaize Nv A D R 16,889 32,554
    Koninklijke Philips Nvr Ny A D R 14,221 16,396
    Korean Elec Power Spon A D R 3,416 1,326
    Kt Corp Sp A D R 36,411 27,131
    Kubota Ltd A D R 4,809 7,651
    Liberty Global Plc Series C 3,868 2,972
    Liberty Latin America Ltd. 560 148
    Linde Plc 2,628 2,699
    Lonza Group Ag Unspon A D R 11,075 11,807
    Loreal Unspon A D R 15,247 30,747
    Lyondellbasell Indu Cl A 2,812 2,916
    Mallinckrodt Plc 7,790 42
    Marvell Technology Group Ltd 13,484 34,838
    Methanex Corp. 2,594 2,682
    Micro Focus Intl Spn A D R 3,278 4,354
    Mitsubishi Estate Ltd A D R 7,273 5,911
    Mizuho Fnl Grp A D R 25,548 17,708
    Mtn Group Ltd A D R 11,205 2,118
    Multichoice Group Ltd A D R 289 635
    National Grid Plc A D R 17,471 13,416
    Nestle Sa Sponsored A D R 42,233 63,899
    Nice Ltd A D R 13,657 67,933
    Nintendo Ltd A D R 27,487 28,836
    Nippon Telegraph Tel A D R 15,037 20,407
    Nitori Hldgs Co Ltd Unsp A D R 2,893 2,754
    Nokia Corp Spon A D R 34,064 39,275
    Nomad Foods Ltd 8,820 8,584
    Novartis Ag A D R 11,213 12,847
    Novo Nordisk As A D R 28,894 40,646
    Novozymes A Z Unspons A D R 3,868 3,737
    Ntt Docomo Inc. A D R 17,838 35,014
    Orix Corp Spons A D R 7,328 7,607
    Park24 Co Ltd Spn A D R 9,625 6,317
    Pax World Elebate Gib Worn Lead Instl 75,000 87,965
    Pearson P L C A D R 13,983 13,083
    Ping An Insurance A D R 2,523 2,860
    Posco A D R 8,644 9,972
    Qiagen N V 7,311 10,180
    Reckitt Benckiser Spon A D R 9,692 8,541
    Reix Plc Spon A D R 4,729 7,074
    Rio Tinto Plc A D R 13,431 16,736
    Roche Holdings Ltd Spon A D R 54,644 70,715
    Royal Dutch Shell A D R 17,417 11,863
    Royal Dutch Shell Plc A D R 10,258 4,796
    Sanofi A D R 7,408 7,223
    Sap SE Spon Adr A D R 24,691 40,258
    Sasol Ltd Spon A D R 4,230 1,462
    Schlumberger Ltd 34,880 7,396
    Schneider Elect SE Unsp A D R 2,515 2,910
    Shionogi Co Ltd Unspon A D R 2,541 2,662
    Silicon Motion Technology Corp A D R 14,162 17,343
    Sonova Holdings Unspon A D R 2,547 4,444
    Sony Corp A D R 5,836 9,475
    Stmicroelectronics N V 2,551 3,036
    Sumitomo Mitsui Finl Group A D R 40,270 31,888
    Symrise Ag Unspon A D R 8,910 16,820
    Sysmex Corp Unspon A D R 9,613 28,106
    Taiwan Semiconductor A D R 10,588 60,638
    Takeda Pharmaceutical Sp A D R 2,378 2,204
    Te Connectivity Ltd 2,944 5,900
    Tencent Hldgs Ltd A D R 7,385 15,093
    Teva Pharmaceutical Inds Ltd A D R 15,910 3,781
    Total SE A D R 11,519 6,943
    Trinity Biotech Plc Spon A D R 16,528 4,636
    Turkiye Garanti Bankasi A S A D R 10,417 3,463
    Uni Charm Corporation A D R 6,897 15,127
    Unilever Plc Sponsored A D R 10,003 13,068
    Valaris Plc 9,907 6
    Walcoal Holdings Corp A D R 6,392 5,292
    Westpac Banking Corp Sp A D R 5,105 2,855
    Wns Holdings Ltd A D R 10,531 24,655
    Wpp Plc Spon A D R 34,074 15,842
    Yamana Gold Inc 2,635 2,106
    Yandex Nv 2,529 4,823
    Mitsubishi Ufj Finl Grp A D R 7,029 5,946
    Baron Emerging Markets Institutional 472,105 705,019
    Causeway Emerging Markets Instl 279,736 351,160
    Boston Partners L S Rsrch Instl 590,653 516,022
    Occidental Petroleum Corp Warrant 74 131
    Weatherford Instl Ltd Warrant 1 1
    American Century Diversified Bond I 1,367,083 1,447,002
    Baird Aggregate Bond Fund 600,000 657,824
    Doubleline Total Ret Bd I 219,347 219,347
    Ishares Core US Aggregate Bond Etf 904,565 901,645
    American Century High Income Fund Y 76,705 78,328
    Federated Hermes Instl Hi Yld Bond Is 454,380 437,813
    Pioneer ILS Interval Fund 140,000 138,213
    Agree Realty Corp 6,990 9,606
    Alexandria Real Estate Equities Inc. 12,414 25,234
    American Campus Communities 7,492 7,038
    American Homes 4 Renc A 2,545 2,570
    American Tower Corp 18,436 40,243
    Americold Realty Trust 11,570 10,683
    Apartment Income Reit Corp 10,647 10,894
    Apartment Invt Mgmt Co 13,223 1,290
    Avalonbay Communities Inc 12,179 11,784
    Boston Pptys Inc. 15,347 9,948
    Brixmor Property Group Inc 13,995 9,159
    Colony Capital Inc 3,542 1,711
    Crown Castle Intl Corp 30,490 44,274
    Cubesmart 13,279 15,155
    Digital Realty Trust Inc 11,795 25,047
    Eastgroup Properties Inc 10,794 23,514
    Epr Properties 14,261 9,434
    Equinix Inc 8,175 7,400
    Essex Property Trust Inc. 4,003 4,313
    Extra Space Storage Inc 2,612 2,617
    Federal Rlty Invt Tr 15,414 9,544
    First Indl Rlty Tr Inc 9,845 18,613
    Four Corners Property Trust 1,652 2,425
    Gaming & Leisure Props W I 7,182 8,103
    Healthcare Rlty Tr 2,566 2,491
    Host Hotels Resorts Inc 12,997 8,360
    Jbg Smith Properties 2,403 1,642
    Kite Realty Group Trust 4,113 2,471
    L T C Pptys Inc 6,803 5,603
    National Retail Properties Inc 7,291 7,176
    Nexpoint Residential W I 2,582 2,250
    Nuveen Real Estate Secs I 301,061 249,130
    Outfront Media Inc 11,890 7,529
    Pebblebrook Hotel Trust 9,940 3,988
    Postal Realty Trust Inc A 2,515 2,605
    Public Storage Inc. 2,210 2,959
    Sabra Health Care Reit Inc 1,428 688
    Safehold Inc 22,032 25,164
    Service Properties Trust 11,055 4,594
    Simon Property Group Inc 30,170 15,519
    Store Capital Corp 2,544 2,792
    Terreno Realty Corp 10,500 27,158
    Ventas Inc. 4,453 3,087
    Vornado Realty Trust 10,015 4,374
    Weingarten Rlty Invts 10,222 6,393
    Welltower Inc 15,145 11,938
    Weyerhaeuser Co 17,575 15,595

    TY 2020 LegalFeesSchedule
    Name:
    TLC Foundation
    EIN:
    46-7334805
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 10,030 8,024   2,006


    TY 2020 OtherAssetsSchedule
    Name:
    TLC Foundation
    EIN:
    46-7334805
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Purchased Interest 601 0 0


    TY 2020 OtherDecreasesSchedule
    Name:
    TLC Foundation
    EIN:
    46-7334805
    Description Amount
    Timing Differences 5,935


    TY 2020 OtherExpensesSchedule
    Name:
    TLC Foundation
    EIN:
    46-7334805
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR Fees 1,555 1,555   0


    TY 2020 OtherIncomeSchedule2
    Name:
    TLC Foundation
    EIN:
    46-7334805
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Taxable Exchanges 2,697 2,697 2,697
    Deferred Income from WSC 458 458 458
    TAI Additions 540 540 540


    TY 2020 OtherIncreasesSchedule
    Name:
    TLC Foundation
    EIN:
    46-7334805
    Description Amount
    Nontaxable Exchanges 14,567
    Return of Capital 6,726


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    TLC Foundation
    EIN:
    46-7334805
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Other Professional Fees 10,334 10,334   0


    TY 2020 TaxesSchedule
    Name:
    TLC Foundation
    EIN:
    46-7334805
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Taxes 5,454 5,454   0
    2019/2020 Excise Tax Payment 45,000 0   0
    2020/2021 Estimated Tax Payment 155 0   0