TY 2020 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 05-01-2020 , and ending 04-30-2021

Name of foundation
CHARLES H GERSHENSON TR UA 081077

Number and street (or P.O. box number if mail is not delivered to street address)39400 WOODWARD AVE NO 101
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BLOOMFIELD HILLS, MI483045151

A Employer identification number

38-6454423

B Telephone number (see instructions)

(313) 465-7324

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$4,510,745J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	101,338		101,338
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		179,532
b	Gross sales price for all assets on line 6a 1,437,704
7	Capital gain net income (from Part IV, line 2)...			179,532
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........	280,870		280,870
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		61,364	1,838	59,527
b	Accounting fees (attach schedule).......		9,115	4,558	4,558
c	Other professional fees (attach schedule)....		33,908	33,908	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		2,000	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	106,387		40,304	64,085
25	Contributions, gifts, grants paid.......	212,520			212,520
26	Total expenses and disbursements. Add lines 24 and 25	318,907		40,304	276,605
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-38,037
b	Net investment income (if negative, enter -0-)			240,566
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	93,856	48,958	48,958
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	1,047,665	1,347,040	1,336,971
	b	Investments—corporate stock (attach schedule).......	776,405	759,839	1,721,597
	c	Investments—corporate bonds (attach schedule).......	1,608,477	1,305,740	1,403,219
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,526,403	3,461,577	4,510,745
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	3,526,403	3,461,577
	29	Total net assets or fund balances (see instructions).....	3,526,403	3,461,577
	30	Total liabilities and net assets/fund balances (see instructions).	3,526,403	3,461,577

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

3,526,403

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

-38,037

Other increases not included in line 2 (itemize) bullet

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

3,488,366

Decreases not included in line 2 (itemize) bullet

26,789

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

3,461,577

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
1 a	PUBLICLY TRADED SECURITIES
b	CAPITAL GAINS DIVIDENDS	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,409,931	1,258,172	151,759
b	27,773		27,773
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			151,759
b			27,773
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	179,532
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

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

1 Reserved

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

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

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

Form 990-PF (2020)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	3,344
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	3,344
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	3,344
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	2,649
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	2,649
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	695
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

HONIGMAN LLP Telephone no. bullet

(248) 566-8300

Located at bullet

39400 WOODWARD AVE SUITE 101BLOOMFIELD HILLSMI ZIP+4 bullet

483045151

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
MAURICE S BINKOW	TRUSTEE 1.00	0	0	0
315 E EISENHOWER PKWY ANN ARBOR,MI48108	TRUSTEE 1.00	0	0	0

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


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









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

Form 990-PF (2020)

Page 7

Part VIII

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

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

4,338,089

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

85,738

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

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

4,423,827

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

4,423,827

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

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

66,357

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

4,357,470

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

217,874

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part X, line 6....................

217,874

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

3,344

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

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

3,344

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

214,530

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

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

214,530

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

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

214,530

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

276,605

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

276,605

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b. See instructions.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

276,605

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					214,530
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......	25,918
b From 2016......	13,837
c From 2017......	27,564
d From 2018......	75,963
e From 2019......	14,237
fTotal of lines 3a through e........		157,519
4Qualifying distributions for 2020 from Part
XII, line 4: $ 276,605
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.....					214,530
e Remaining amount distributed out of corpus		62,075
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		219,594
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) ...		25,918
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		193,676
10 Analysis of line 9:
a Excess from 2016....	13,837
b Excess from 2017....	27,564
c Excess from 2018....	75,963
d Excess from 2019....	14,237
e Excess from 2020....	62,075

Form 990-PF (2020)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

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

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

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or 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)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
JEWISH COMMUNITY CENTER 6600 WEST MAPLE ROAD WEST BLOOMFIELD,MI48322		PC	CAPITAL GRANTS TO SUPPORT JEWISH UNITY AND ENRICH JEWISH LIFE	9,920
TEMPLE BETH EL 7400 TELEGRAPH RD BLOOMFIELD,MI48301		PC	CAPITAL GRANTS TO SUPPORT JEWISH UNITY AND ENRICH JEWISH LIFE	50,000
THE UNIVERSITY OF MICHIGAN 3003 STATE STREET SUITE 9000 ANN ARBOR,MI48109		PC	TO PROMOTE EDUCATION THROUGH CAPITAL GRANTS AND/OR OPERATIONAL FUNDING TO THE SCHOOL OF MUSIC, THEATRE AND DANCE, MUSCULOSKELETAL MEDICINE, AND THE UNIVERSITY MUSICAL SOCIETY, AND ACADEMIC SUPPORT FOR STUDENT ATHLETES.	89,000
WAYNE STATE UNIVERSITY 5700 CASS AVENUE SUITE 3100 DETROIT,MI48202		PC	TO PROMOTE EDUCATION THROUGH GRANTS AND OTHER SCHOLARLY ACTIVITIES, INCLUDING A LONG-TERM ANNUAL STUDENT SCHOLARSHIP PROGRAM (FOUR $12,500 GRANTS) TO YEARLY ATTRACT AND RETAIN FOUR HIGHLY CREDENTIALED STUDENTS TO THE LAW SCHOOL WITH AN ACCOMPANYING COMMITMENT BY THE LAW SCHOOL TO MAINTAIN SUCH SCHOLARSHIPS IN SUCCEEDING YEARS BASED UPON ACADEMIC PERFORMANCE. FUNDING FOR "PLAIN ENGLISH FOR LAWYERS" PAMPHLET PROVIDED TO ALL FIRST-YEAR LAW STUDENTS AND SUPPORT FOR MEDICAL SCHOOL PROGRAM..	63,600
Total ................................. 3a				212,520

bApproved for future payment

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

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	101,338
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	179,532
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		280,870	0

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

280,870

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2020)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

CHARLES H GERSHENSON TR UA 081077

EIN:

38-6454423

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	9,115	4,558		4,558

- TIN:

TY 2020 GeneralExplanationAttachment

Name:

CHARLES H GERSHENSON TR UA 081077

EIN:

38-6454423

Identifier	Return Reference	Explanation
LIST OF OFFICERS, DIRECTORS, TRUSTEES AND FOUNDATION MANAGERS:	PAGE 6, PART VIII, LINE 1	THE TRUSTEE, MR. BINKOW, IS AN ATTORNEY WITH THE LAW FIRM OFHONIGMAN LLP. THE AMOUNT PAID TO THE LAW FIRM, $61,364,INCLUDES PAYMENT FOR TRUSTEE SERVICES PERFORMED BY MR.BINKOW, AS WELL AS LEGAL FEES FOR SERVICES PERFORMED BY MR.BINKOW AND OTHER ATTORNEYS AND LEGAL ASSISTANTS, ANDINCLUDES TIME SPENT TO INSTITUTE LONGER RANGE CHARITABLEPROGRAMS AT EACH OF THE FOUR BENEFICIARY INSTITUTIONS ANDTHEIR VARIOUS COMPONENT UNITS, AND ALSO CULTURAL & HEALTHUNITS AT THE UNIVERSITY OF MICHIGAN, SECURITY ANDTECHNOLOGICAL UPGRADES AT TEMPLE BETH EL AND JEWISHCOMMUNITY CENTER.MR. BINKOW DOES NOT CHARGE FOR HIS TIME SPENT ATTENDINGEVENTS INVOLVING THE TRUST SUCH AS AT THE UNIVERSITY OFMICHIGAN SCHOOL OF MUSIC OR THE WAYNE LAW SCHOLARSHIP AWARDSFUNCTIONS OR MEETINGS WITH BENEFICIARIES NOT INVOLVINGBUSINESS MATTERS.

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

CHARLES H GERSHENSON TR UA 081077

EIN:

38-6454423

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AFLAC INC 3.625% 11/15/2024	10,382	11,147
AFLAC INC 6.45% 08/15/2040	7,387	6,981
ALABAMA PWR CO 2.8% 04/01/2025	25,650	26,536
ALTRIA GROUP INC 4.8% 02/14/2029	11,888	11,461
AMERICAN EXPRESS CO 2.65% 12/02/2022	10,037	10,473
AMERICAN EXPRESS CO 3% 10/30/2024	26,312	26,946
AMGEN INC 5.65% 06/15/2042	5,405	6,691
APPALACHIAN PWR CO 6.7% 08/15/2037	13,796	13,824
APPLE INC 2.4% 05/03/2023	20,019	21,070
APPLE INC 2.9% 09/12/2027	10,533	10,914
APPLE INC 3.25% 02/23/2026	14,733	16,578
ARCHER DANIELS MIDLAND CO 7.5% 03/15/2027	16,812	19,780
AT&T INC 3.4% 05/15/2025	9,886	11,028
AXA FINL INC 7% 04/01/2028	10,128	12,820
BECTON DICKINSON & CO 7% 08/01/2027	10,320	13,088
BERKSHIRE HATHAWAY FIN CORP 4.25% 01/15/2049	5,257	6,025
BESTFOODS 6.625% 04/15/2028	10,045	12,826
BK OF AMERICA CORP 3.3% 01/11/2023	19,723	21,199
BK OF AMERICA CORP 3.559% 04/23/2027	5,361	5,474
BK OF AMERICA CORP 5.7% 01/24/2022	25,792	26,359
BOEING CO 7.25% 06/15/2025	10,265	12,370
BRISTOL-MYERS SQUIBB CO 5.875% 11/15/2036	12,607	13,662
BURLINGTON NORTHN SANTA FE CP 3.05% 03/15/2022	10,010	10,216
CAPITAL ONE FINL CORP 3.3% 10/30/2024	10,386	10,828
CHEVRON CORPORATION 3.326% 11/17/2025	5,353	5,571
CHUBB INA HLDGS INC 6.8% 11/15/2031	10,162	14,463
CHUBB INA HLDGS INC 8.875% 08/15/2029	5,965	7,379
CINTAS CORP NO 2 3.7% 04/01/2027	4,799	5,604
CITIGROUP INC 3.352% 04/24/2025	20,744	21,442
CITIGROUP INC 3.875% 10/25/2023	20,620	21,739
CME GROUP INC 3% 09/15/2022	5,045	5,213
CME GROUP INC 3.75% 06/15/2028	16,663	17,091
COMCAST CORP NEW 3.4% 04/01/2030	5,760	5,443
COMCAST CORP NEW 4.15% 10/15/2028	9,883	11,528
COMM MTG TR 2012-CCRE2 3.147% 08/17/2045	20,434	20,521
CONSOLIDATED EDISON CO N Y INC 5.5% 12/01/2039	13,568	13,227
CSX CORP 5.5% 04/15/2041	6,846	6,589
CVS HEALTH CORP 2.7% 08/21/2040	4,905	4,616
DEERE & CO 8.1% 05/15/2030	10,877	14,938
DEERE JOHN CAPITAL CORP 3.45% 03/13/2025	10,021	11,024
DIAGEO INVT CORP 4.25% 05/11/2042	12,229	12,051
DISNEY WALT CO 4.7% 03/23/2050	5,662	6,324
DISNEY WALT CO 7.625% 11/30/2028	7,123	6,912
DOVER CORP 6.6% 03/15/2038	12,693	13,429
DUKE ENERGY CAROLINAS LLC 6.45% 10/15/2032	13,375	13,461
DUPONT DE NEMOURS INC 4.493% 11/15/2025	10,132	11,551
ELI LILLY & CO 5.5% 03/15/2027	15,434	18,473
ENTERPRISE PRODS OPER LLC 5.1% 02/15/2045	4,347	6,043
EXXON MOBIL CORP 3.567% 03/06/2045	5,582	5,226
FEDEX CORP 2.625% 08/01/2022	25,046	25,889
FIFTH THIRD BANCORP 2.55% 05/05/2027	15,055	15,895
FISERV INC 4.4% 07/01/2049	6,001	5,913
FRANKLIN RESOURCES INC 1.6% 10/30/2030	9,990	9,358
GENERAL DYNAMICS CORP 2.25% 11/15/2022	4,759	5,182
GENERAL ELECTRIC CO 6.875% 01/10/2039	6,451	7,282
GOLDMAN SACHS GROUP INC 3.85% 01/26/2027	10,636	11,163
GOLDMAN SACHS GROUP INC 4% 03/03/2024	25,781	27,475
GS MTG SECS TR 2012-GCJ9 2.773% 11/10/2045	19,396	19,915
HALLIBURTON CO 6.7% 09/15/2038	9,964	13,186
HONEYWELL INTL INC 5.7% 03/15/2037	11,867	13,332
INTEL CORP 3.734% 12/08/2047	11,799	11,059
INTERNATIONAL BUSINESS MACHS 7% 10/30/2025	11,162	12,584
JPMORGAN CHASE & CO 2.739% 10/15/2030	20,448	20,581
JPMORGAN CHASE & CO 3.2% 01/25/2023	15,177	15,877
JPMORGAN CHASE & CO 3.559% 04/23/2024	5,222	5,304
JPMORGAN CHASE & CO 3.875% 02/01/2024	5,111	5,509
KEYCORP MEDIUM TERM NTS BE 2.25% 04/06/2027	14,640	15,589
KIMBERLY-CLARK CORP 6.625% 08/01/2037	14,409	15,224
LINCOLN NATL CORP IND 3.625% 12/12/2026	21,098	22,206
MARKEL CORP 5% 03/30/2043	6,184	5,891
MASTERCARD INCORPORATED 3.8% 11/21/2046	6,079	5,745
MCDONALDS CORP MED TERM NT BE 1.45% 09/01/2025	20,014	20,352
METLIFE INC 3% 03/01/2025	14,470	16,247
METLIFE INC 6.5% 12/15/2032	6,945	7,179
MONDELEZ INTL INC 1.5% 05/04/2025	5,013	5,135
MONDELEZ INTL INC 2.75% 04/13/2030	5,273	5,165
NIKE INC 3.25% 03/27/2040	10,622	10,641
NORFOLK SOUTHN CORP 3.85% 01/15/2024	5,245	5,445
NORFOLK SOUTHN CORP 7.8% 05/15/2027	11,326	13,774
ORACLE CORP 2.5% 05/15/2022	19,871	20,608
ORACLE CORP 2.95% 05/15/2025	14,491	16,214
PARKER-HANNIFIN CORP 6.25% 05/15/2038	12,173	14,189
PEPSICO INC 7% 03/01/2029	12,154	13,737
PFIZER INC 7.2% 03/15/2039	8,378	7,932
PHILLIPS 66 4.3% 04/01/2022	15,241	15,584
POTOMAC ELEC PWR CO 3.6% 03/15/2024	25,968	26,962
PROCTER & GAMBLE CO 5.8% 08/15/2034	12,396	14,087
PROLOGIS L P 4.375% 02/01/2029	5,512	5,868
PRUDENTIAL FINL INC 6.625% 12/01/2037	7,398	7,328
QUALCOMM INC 4.3% 05/20/2047	6,176	6,030
RAYTHEON TECHNOLOGIES CORP 3.65% 08/16/2023	7,267	7,530
RAYTHEON TECHNOLOGIES CORP 5.4% 05/01/2035	13,350	12,753
SCHLUMBERGER INVT SA 3.65% 12/01/2023	24,870	27,195
SHELL INTERNATIONAL FIN BV 3.25% 05/11/2025	25,106	27,644
SPECTRA ENERGY PARTNERS LP 5.95% 09/25/2043	5,898	6,457
STRYKER CORPORATION 3.5% 03/15/2026	5,176	5,519
SYSCO CORP 6.5% 08/01/2028	15,150	18,359
TOSCO CORP 8.125% 02/15/2030	12,889	14,412
UNITED PARCEL SVCS INC 8.375% 04/01/2030	18,819	21,152
VERIZON COMMUNICATIONS INC 4.4% 11/01/2034	11,030	11,627
VIRGINIA ELEC & PWR CO 3.45% 09/01/2022	10,144	10,380
VIRGINIA ELEC & PWR CO 8.875% 11/15/2038	5,218	8,966
VISA INC 3.15% 12/14/2025	10,512	11,048
VISA INC 4.15% 12/14/2035	5,181	6,050
WELLS FARGO & CO 2.625% 07/22/2022	24,835	25,899
WESTLAKE CHEM CORP 3.6% 08/15/2026	21,714	21,849
WISCONSIN ELEC PWR CO 4.25% 06/01/2044	11,480	11,503
WISCONSIN PWR & LT CO 6.375% 08/15/2037	11,204	14,086

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

CHARLES H GERSHENSON TR UA 081077

EIN:

38-6454423

Name of Stock	End of Year Book Value	End of Year Fair Market Value
DELAWARE SMALL CAP VALUE INSTL CL	90,000	112,431
HARDING LOEVNER INSTL EMERGING MARKETS	57,309	85,304
MFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R6	104,858	167,515
SCHWAB INTERNATIONAL INDEX	100,000	145,494
STERLING CAPITAL EQUITY INCOME INSTL	23,430	35,530
STERLING CAPITAL STRATTON SMAL L CAP VALUE I	19,888	38,830
T. ROWE PRICE MID-CAP GROWTH FUND I CLASS	34,523	136,325
TOUCHSTONE SANDS CAPITAL SELECT GROWTH FUND INSTITUTIONAL CLASS	13,206	47,741
VANGUARD 500 INDEX FUND ADMIRAL SHARES	162,682	662,412
VANGUARD EXTENDED MARKET INDEX FUND ADMIRAL SHARES	43,943	84,904
VANGUARD INTERNATIONAL GROWTH FUND ADMIRAL	110,000	205,111

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

CHARLES H GERSHENSON TR UA 081077

EIN:

38-6454423

US Government Securities - End of Year Book Value:

1,347,040

US Government Securities - End of Year Fair Market Value:

1,336,971

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

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

- TIN:

TY 2020 LegalFeesSchedule

Name:

CHARLES H GERSHENSON TR UA 081077

EIN:

38-6454423

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ATTORNEY FEES	61,364	1,838		59,527

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

CHARLES H GERSHENSON TR UA 081077

EIN:

38-6454423

Description	Amount
TIMING ADJUSTMENT	26,789

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

CHARLES H GERSHENSON TR UA 081077

EIN:

38-6454423

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGMENT FEES	33,908	33,908		0

- TIN:

TY 2020 TaxesSchedule

Name:

CHARLES H GERSHENSON TR UA 081077

EIN:

38-6454423

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PAYMENTS	2,000	0		0