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 07-01-2020 , and ending 06-30-2021

Name of foundation
THE PATTERSON FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)2 N TAMIAMI TRAIL NO 206
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
SARASOTA, FL34236

A Employer identification number

65-6230256

B Telephone number (see instructions)

(941) 952-1413

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

$300,889,113J 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...	3,755,673		3,719,918
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		19,348,056
b	Gross sales price for all assets on line 6a 56,943,798
7	Capital gain net income (from Part IV, line 2)...			19,348,056
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........	23,103,729		23,067,974
13	Compensation of officers, directors, trustees, etc.	991,140		720,118	270,117
14	Other employee salaries and wages......	406,521		0	637,943
15	Pension plans, employee benefits.......	265,452		13,776	338,720
16a	Legal fees (attach schedule).........		10,709	0	10,709
b	Accounting fees (attach schedule).......		43,070	0	43,795
c	Other professional fees (attach schedule)....		1,727,161	66,914	1,090,044
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		299,285	0	0
19	Depreciation (attach schedule) and depletion...		18,632	0
20	Occupancy..............	225,826		0	227,898
21	Travel, conferences, and meetings.......	39,760		0	41,331
22	Printing and publications..........
23	Other expenses (attach schedule).......		1,740,929	878,831	1,783,428
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	5,768,485		1,679,639	4,443,985
25	Contributions, gifts, grants paid.......	6,204,833			6,244,771
26	Total expenses and disbursements. Add lines 24 and 25	11,973,318		1,679,639	10,688,756
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	11,130,411
b	Net investment income (if negative, enter -0-)			21,388,335
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.............	215,666	2,434,598	2,434,598
	2	Savings and temporary cash investments.........	2,569,890
	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..........	337,909	267,268	267,268
	10a	Investments—U.S. and state government obligations (attach schedule)	17,120,317	14,901,602	14,901,602
	b	Investments—corporate stock (attach schedule).......	116,982,846	138,946,890	138,946,890
	c	Investments—corporate bonds (attach schedule).......	11,301,402	18,988,107	18,988,107
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	80,824,484	124,530,062	124,530,062
	14	Land, buildings, and equipment: basis 377,901
		Less: accumulated depreciation (attach schedule) 305,162	78,103	72,739	72,739
	15	Other assets (describe )	328,855	747,847	747,847
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	229,759,472	300,889,113	300,889,113
	17	Accounts payable and accrued expenses..........	217,240	456,387
	18	Grants payable.................	39,938
	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 )	818,012	2,011,337
	23	Total liabilities (add lines 17 through 22).........	1,075,190	2,467,724
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	228,684,282	298,421,389
	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........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	228,684,282	298,421,389
	30	Total liabilities and net assets/fund balances (see instructions).	229,759,472	300,889,113

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

228,684,282

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

11,130,411

Other increases not included in line 2 (itemize) bullet

59,432,812

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

299,247,505

Decreases not included in line 2 (itemize) bullet

826,116

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

298,421,389

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	PUBLICLY TRADED SECURITIES
b
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	56,943,798	37,595,742	19,348,056
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			19,348,056
b
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	19,348,056
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	297,298
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	297,298
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	297,298
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	213,250
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	213,250
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	457
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	84,505
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?........

Yes

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

Yes

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)

FL, IL

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 Click to see attachment

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

Yes

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

Yes

Website address bullet

WWW.THEPATTERSONFOUNDATION.ORG/

The books are in care of bullet

THE PATTERSON FOUNDATION Telephone no. bullet

(941) 952-1413

Located at bullet

2 N TAMIAMI TRAIL SUITE 206SARASOTAFL ZIP+4 bullet

34236

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
JOHN T BERTEAU	CHAIRMAN EMERITUS 3.00	0	0
2 N TAMIAMI TRAIL SUITE 206 SARASOTA,FL34236	CHAIRMAN EMERITUS 3.00	0	0
RIC GREGORIA	CHAIRMAN 3.00	0	0
2 N TAMIAMI TRAIL SUITE 206 SARASOTA,FL34236	CHAIRMAN 3.00	0	0
CHARLES D BAILEY JR	VICE CHAIRMAN 3.00	0	0
2 N TAMIAMI TRAIL SUITE 206 SARASOTA,FL34236	VICE CHAIRMAN 3.00	0	0
DEBRA JACOBS	PRESIDENT & CEO 40.00	300,130	114,528
2 N TAMIAMI TRAIL SUITE 206 SARASOTA,FL34236	PRESIDENT & CEO 40.00	300,130	114,528
NORTHERN TRUST	TRUSTEE 40.00	690,105	0
1515 RINGLING BLVD 200 SARASOTA,FL34236	TRUSTEE 40.00	690,105	0
DAVE BULLOCK	GOVERNING BOARD MEMBER 3.00	0	0
2 N TAMIAMI TRAIL SUITE 206 SARASOTA,FL34236	GOVERNING BOARD MEMBER 3.00	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
ELIZABETH DUDA	INITIATIVE MANAGER 40.00	162,608	48,108	0
2 N TAMIAMI TRAIL SUITE 206 SARASOTA,FL34236	INITIATIVE MANAGER 40.00	162,608	48,108	0
NANCY HENRY	OFFICE MANAGER 40.00	77,220	47,813	0
2 N TAMIAMI TRAIL SUITE 206 SARASOTA,FL34236	OFFICE MANAGER 40.00	77,220	47,813	0
HANNAH SAEGER KARNEI	TPF FELLOW 40.00	73,000	16,948	0
2 N TAMIAMI TRAIL SUITE 206 SARASOTA,FL34236	TPF FELLOW 40.00	73,000	16,948	0
ABBY ROLLAND	TPF FELLOW 40.00	70,000	18,112	0
2 N TAMIAMI TRAIL SUITE 206 SARASOTA,FL34236	TPF FELLOW 40.00	70,000	18,112	0
JOHN FERGUSON	TPF FELLOW 40.00	70,007	10,420	0
2 N TAMIAMI TRAIL SUITE 206 SARASOTA,FL34236	TPF FELLOW 40.00	70,007	10,420	0
Total number of other employees paid over $50,000...................				7

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
AD VANCE TALENT SOLUTIONS INC	STAFFING/HUMAN RESOURCE	751,724
3911 GOLF PARK LOOP 103 BRADENTON,FL34203	STAFFING/HUMAN RESOURCE	751,724
NO MARGIN NO MISSION LLC	CONTRACTOR	259,200
3121 NORTH CLERMONT PLACE TACOMA,WA98407	CONTRACTOR	259,200
CA FLORIDA HOLDINGS INC	CONTRACTOR	230,000
1777 MAIN ST SARASOTA,FL34236	CONTRACTOR	230,000
ONE SARASOTA TOWER LLLP	RENT	212,157
2N TAMIAMI TRAIL SARASOTA,FL34236	RENT	212,157
MAGNIFY GOOD	CONTRACTOR	166,687
1962 MAIN ST SUITE 200 SARASOTA,FL34236	CONTRACTOR	166,687

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

260,450,356

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

2,522,895

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

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

262,973,251

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

262,973,251

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

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

3,944,599

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

259,028,652

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

12,951,433

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

12,951,433

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

297,298

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

1,818

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

299,116

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

12,652,317

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

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

12,652,317

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

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

12,652,317

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 ..........

10,688,756

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

10,688,756

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

10,688,756

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				12,652,317
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......			4,750,196
b Total for prior years:20, 20, 20		0
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......
d From 2018......
e From 2019......
fTotal of lines 3a through e........	0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 10,688,756
a Applied to 2019, but not more than line 2a			4,750,196
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.....				5,938,560
e Remaining amount distributed out of corpus	0
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	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........				6,713,757
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...	0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....
e Excess from 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 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
ASHEVILLE SCHOOL 360 ASHEVILLE SCHOOL RD ASHEVILLE,NC28806	NONE	PC	JOHN T. BERTEAU OPPORTUNITY ENDOWMENT FUND - FINANCIAL AID/SCHOLARSHIP ENDOWED FUND	1,500,000
BELLAGE LABS INC 804 25TH ST S ARLINGTON,VA22202	NONE	PC	SUPPORT FOR RESEARCH, PUBLIC EDUCATION AND COLLABORATIVE ACTION	50,000
CENTER FOR DISASTER PHILANTROPY 1201 CONNECTICUT AVE NW S-300 WASHINGTON,DC20036	NONE	PC	ATLANTIC HURRICANE SEASON RECOVERY FUND; PATH TO FINANCIAL THRIVEABILITY	350,000
COMMUNITY FOUNDATION OF SARASOTA COUNTY 2635 FRUITVILLE RD SARASOTA,FL34237	NONE	PC	TPF DONOR ADVISED FUND - 8/20/20; EDEXPLORE SRQ ENDOWMENT; PAY IT FORWARD FUND; NURTURE FUND; SEASON OF SHARING; SEASON OF SHARING COVID 19; THE GIVING CHALLENGE 2020 MATCH AND PRIZES;	1,641,751
FOUNDATIONS INC 701 E GATE DRIVE SUITE 300 MT LAUREL,NJ08054	NONE	PC	NATIONAL CAMPAIGN FOR GRADE-LEVEL READING	200,000
GULF COAST COMMUNITY FOUNDATION OF VENICE 601 S TAMIAMI TR VENICE,FL34285	NONE	PC	NURTURE FUND	100,000
NETHOPE INC 10615 JUDICIAL DR SUITE 402 FAIRFAX,VA22030	NONE	PC	NETHOPE'S FUNDER EMERGENCY RESPONSE UPDATE HURRICANE IOTA APPEAL	100,000
SCHOOL BOARD OF CHARLOTTE COUNTY FL 1445 EDUCATION WAY PORT CHARLOTTE,FL33948	NONE	PC	CAMPAIGN FOR GRADE-LEVEL READING - DATA TECHNOLOGY SUPPORT	68,500
SCHOOL BOARD OF SARASOTA COUNTY 1960 LANDINGS BLVD SARASOTA,FL34231	NONE	PC	CAMPAIGN FOR GRADE LEVEL READING - DATA BASE TECHNOLOGY SUPPORT: EDEXPLORESRQ	124,520
SCHOOL DISTRICT OF MANATEE COUNTY 215 MANATEE AVENUE WEST BRADENTON,FL34205	NONE	PC	CAMPAIGN FOR GRADE LEVEL READING - DATA TECHNOLOGY SUPPORT	60,000
THE BAY PARK CONSERVANCY INC 655 N TAMIAMI TRAIL SARASOTA,FL34236	NONE	PC	PROPELLING POSITIVE MOMENTUM IN FUNDRAISING EFFORT	2,000,000
WREATHS ACROSS AMERICA 4 POINT STREET COLUMBIA FALLS,ME04623	NONE	PC	ONE TIME DONATION TO HONOR VETERANS	50,000
Total ................................. 3a				6,244,771

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	3,755,673
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	19,348,056
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		23,103,729	0

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

23,103,729

(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:

THE PATTERSON FOUNDATION

EIN:

65-6230256

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING	43,070	0		43,795

- TIN:

TY 2020 GeneralExplanationAttachment

Name:

THE PATTERSON FOUNDATION

EIN:

65-6230256

Identifier	Return Reference	Explanation
BREAK DOWN OF NORTHERN TRUST FEES	FORM 990-PF - PART VIII	AS BOTH TRUSTEE AND INVESTMENT BROKER FOR TPF, NORTHERNTRUST RECEIVES BOTH CUSTODIAL/INVESTMENT FEES ANDOUTSIDE INVESTMENT FEES WHICH BREAK DOWN AS FOLLOWS:CUSTODIAL/INVESTMENT FEES: 690,105 OUTSIDE INVESTMENT FEES: 66,914TOTAL FEES: 757,019

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

THE PATTERSON FOUNDATION

EIN:

65-6230256

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AERCAP IRELAND CAP DESIGNATED ACTIVITY CO / AERCAP GLOBAL AVIATION TR 3.65%	165,584	165,584
ANHEUSER-BUSCH COS LLC CORP 4.7% 02-01-2036	49,094	49,094
ANHEUSER-BUSCH COS LLC CORP 4.9% 02-01-2046	113,918	113,918
ASSURED GTY US HLDGS INC GTD SR NT 3.15%06-15-2031	108,939	108,939
AT&T INC 5.25% DUE 03-01-2037 REG	170,070	170,070
ATHENE GLOBAL FDG MEDIUM TERM SR SECD NTBOOK ENTRY 144A 2.45% DUE 08-20-2027	113,502	113,502
ATHENE HLDG LTD 3.5% DUE 01-15-2031/10-08-2020 REG	74,630	74,630
AXA EQUITABLE HLDGS INC 4.35% DUE 04-20-2028 BEO	57,327	57,327
BECTON DICKINSON & CO 7.0% DUE 08-01-2027 REG	200,430	200,430
BGC PARTNERS INC 4.375% DUE 12-15-2025 BEO	162,312	162,312
BLOCK FINL LLC 3.875% DUE 08-15-2030/08-07-2020 REG	189,192	189,192
BUNGE LTD FINANCE CORP 2.75% 05-14-2031	192,084	192,084
CANTOR FITZGERALD L P 6.5% DUE 06-17-2022 BEO	168,742	168,742
CARRIER GLOBAL CORP 3.37% DUE 04-05-2040	115,382	115,382
CES MU2 LLC 1.994% DUE 05-13-2027 REG SINKING FUND 08-13-2017	185,097	185,097
CHARTER COMMUNICATIONS OPER LLC / CHARTER COMMUNICATIONS OPER CAP CORP 6.	227,235	227,235
CITIGROUP INC 3.106% DUE 04-08-2026	181,933	181,933
CITRIX SYS INC 1.25% DUE 03-01-2026/02-18-2021 REG	113,556	113,556
CNH INDL CAP LLC 1.45% DUE 07-15-2026 BEO	238,432	238,432
CNO FINL GROUP INC 5.25% DUE 05-30-2029/06-12-2019 REG	130,733	130,733
COMMONSPIRIT HEALTH 3.817% DUE 10-01-2049/08-21-2019 REG	190,437	190,437
CONAGRA BRANDS INC FIXED 5.3% 11-01-2038	127,090	127,090
CREDIT AGRICOLE S A LONDON BRH SR PFD MED TERM NT BOOK ENTRY 144A 2.375% DUE	172,120	172,120
CROWLEY CONRO LLC 4.181% DUE 08-15-2043/02-15-2019 REG SINKING FUND 08	124,578	124,578
DEUTSCHE BK AG N Y BRANCH 2.129% DUE 11-24-2026/11-24-2025 REG	182,647	182,647
DISCOVERY COMMUNICATIONS LLC 4.0% DUE 09-15-2055	93,140	93,140
DY9 LEASING LLC 2.372% 03-19-2027	134,484	134,484
EBAY INC 4.0% DUE 07-15-2042 REG	162,628	162,628
ENTERPRISE PRODS OPER LLC 4.85% DUE 03-15-2044/03-18-2013 REG	122,124	122,124
EXPEDIA GROUP INC FORMERLY EXPEDIA SR NT4.625% 08-01-2027	175,173	175,173
GENERAL MTRS CO 6.125% DUE 10-01-2025	59,190	59,190
GENERAL MTRS FINL CO INC 3.85% 01-05-2028	60,475	60,475
GOLDMAN SACHS GROUP INC 6.75% DUE 10-01-2037/10-03-2007 BEO	131,056	131,056
HNA 2015 LLC 2.291% DUE 06-30-2027/06-30-2021 REG SINKING FUND 09	170,296	170,296
HNA 2015 LLC 2.369% DUE 09-18-2027/03-18-2016 REG	183,380	183,380
INGREDION INC 3.9% DUE 06-01-2050/05-13-2020 REG	39,324	39,324
INTERNATIONAL PAPER CO 7.3% DUE 11-15-2039 REG	92,809	92,809
INTERNATIONAL PAPER CO 8.7% DUE 06-15-2038/06-04-2008 BEO	58,385	58,385
JABIL INC 1.7% DUE 04-15-2026 BEO	151,111	151,111
JETBLUE AWYS CORP FIXED 7.75% DUE 05-15-2030	77,235	77,235
JOHN SEVIER COMB CYCLE 4.626% 1-15-42	244,742	244,742
JOHNSON CTLS INTL PLC 6.0% DUE 01-15-2036 REG	125,999	125,999
KEYSIGHT TECHNOLOGIES INC 3.0% DUE 10-30-2029 REG	111,013	111,013
KINDER MORGAN ENERGY PARTNERS L P 6.375%DUE 03-01-2041 REG	193,514	193,514
KLA CORP 5.0% DUE 03-15-2049/03-20-2019 REG	33,678	33,678
LEHIGH UNIV 2.553% DUE 11-15-2043/08-19-2020 REG SINKING FUND 11	119,147	119,147
LOWES COS INC 5.0% DUE 04-15-2040/03-26-2020 REG	70,833	70,833
M D C HLDGS INC 6.0% DUE 01-15-2043/01-10-2013 REG	148,201	148,201
MACQUARIE GROUP LTD SR MEDIUM TERM 1.34%01-12-2027	133,866	133,866
MAGELLAN MIDSTREAM PARTNERS LP 3.95% DUE03-01-2050/08-19-2019 REG	135,626	135,626
MANULIFE FINL CORP 4.061% DUE 02-24-2032/02-24-2027 REG	220,690	220,690
MARRIOTT INTL INC NEW 4.5% DUE 10-01-2034/12-16-2016 REG	175,366	175,366
MICRON TECHNOLOGY INC 5.327% 02-06-2029	169,102	169,102
MORGAN STANLEY 3.125% DUE 07-27-2026 REG	113,765	113,765
MORGAN STANLEY 5.0% DUE 11-24-2025 REG	46,115	46,115
MOTOROLA SOLUTIONS INC 2.3% DUE 11-15-2030/08-14-2020 REG	108,024	108,024
MPLX LP 4.25% DUE 12-01-2027 BEO	101,986	101,986
NBD BK N A DETROIT MICH 8.25% BD DUE 11-01-2024 PUTABLE 11-1-2004 @100	159,872	159,872
NORTHWELL HEALTHCARE INC 4.26% 11-01-2047	147,387	147,387
NORTHWESTERN MUT LIFE INS CO - INS PRODS6.063% DUE 03-30-2040/03-26-2010 BEO	182,023	182,023
NORTHWESTERN UNIV 3.688% DUE 12-01-2038 BEO	91,506	91,506
NVENT FINANCE S A R L 4.55% DUE 04-15-2028	98,852	98,852
OLD REP INTL CORP 4.875% DUE 10-01-2024 REG	173,084	173,084
OLD REP INTL CORP SR NT 3.85% 06-11-2051	106,195	106,195
OSPREY AIRCRAFT LEASING US THREE 2.209% DU	71,370	71,370
OWENS CORNING NEW 4.3% DUE 07-15-2047/06-26-2017 REG	87,214	87,214
PARKER-HANNIFIN CORP MEDIUM TERM NTS BOOK ENTRY TRANCHE # TR 00009 6.25% DUE	78,054	78,054
PENTAIR FIN S A 4.5% DUE 07-01-2029	35,026	35,026
PIONEER NAT RES CO 2.15% DUE 01-15-2031/01-29-2021 REG	132,282	132,282
PRECISION CASTPARTS CORP 4.2% DUE 06-15-2035/06-10-2015 REG	195,716	195,716
PUGET SOUND ENERGY INC 6.274% DUE 03-15-2037/09-18-2006 BEO	189,173	189,173
PULTE HOMES INC 7.875% DUE 06-15-2032 BEO	179,438	179,438
PVPTL BAYER US FIN II LLC 4.625% 06-25-2038	41,518	41,518
PVPTL DELTA AIR LINES/SKYMILES 4.75% DUE 10-20-2028	133,411	133,411
PVPTL SPRINT SPECTRUM CO LLC / SPRINT 4.738% 144A 03-20-2025 BEO	155,900	155,900
PVTPL AMERICAN TOWER TR I SECD TOWER REV SECS SER 2018-1A 03-23-2028	136,907	136,907
PVTPL AUSTRALIA & NEW ZEALAND BKG GROUP LTD 2.57% DUE 11-25-2035/11-25-2020	101,995	101,995
PVTPL GLENCORE FUNDING LLC 1.625% DUE 04-27-2026 BEO	240,815	240,815
PVTPL NEW YORK LIFE INSURANCE 5.875% DUE 05-15-2033	163,802	163,802
PVTPL NRG ENERGY INC 2.45% DUE 12-02-2027/12-02-2020 BEO	30,193	30,193
PVTPL PERSHING RD DEV CO LLC IRS FAC LEASE NTS144A DUE 09-01-2026/09-03-2007	202,875	202,875
PVTPL TEACHERS INS & ANNUITY ASSN AMER SURPLUS NT 144A 3.3% DUE 05	87,679	87,679
PVTPL VISTRA OPERATIONS CO LLC 3.7% 01-30-2027	144,236	144,236
PVTPLLIBERTY UTILS FIN GP1 GTD NT 2.05% 09-15-2030	134,984	134,984
RELIANCE INDS LTD 2.444% DUE 01-15-2026 REG SINKING FUND 01-15-2022	178,229	178,229
RELIANCE STD LIFE GLOBAL FDG II MED TERMNTS BOOK ENTRY 144A 2.5% DUE 10-30-2	177,283	177,283
ROHM & HAAS CO 7.85% DUE 07-15-2029/07-14-2029 BEO	158,384	158,384
SANDALWOOD 2013 LLC 2.836% DUE 07-10-2025 BEO	57,777	57,777
SBA TOWER TR 1.631% DUE 05-15-2051 BEO	144,965	144,965
SCHWAB CHARLES CORP NEW DEP SHS REPSTG 1/100TH INT 4.0% 12-31-2250	132,990	132,990
SCIENCE APPLICATIONS INTL CORP 5.5% DUE 07-01-2033 REG	102,850	102,850
SOUTHERN CO. SR NT SER 2021B 1.75% 03-15-2028	83,903	83,903
STERIS PLC 3.75% DUE 03-15-2051 BEO	74,311	74,311
SWISS RE FIN LUXEMBOURG S A 144A FIXED 5% 04-02-2049	227,450	227,450
T-MOBILE USA INC FIXED 4.375% DUE 04-15-2040	146,538	146,538
TORONTO-DOMINION BANK 3.625% DUE 09-15-2031/09-15-2026 REG	94,182	94,182
VALERO ENERGY CORP FIXED 2.15% DUE 09-15-2027	86,345	86,345
VALIDUS HLDGS LTD 8.875% DUE 01-26-2040/01-26-2010 BEO	90,184	90,184
VALMONT INDS INC 5.0% DUE 10-01-2044/09-22-2014 REG	96,846	96,846
VERISK ANALYTICS INC 3.625% DUE 05-15-2050/05-13-2020 REG	85,679	85,679
VERISK ANALYTICS INC 5.5% DUE 06-15-2045	40,323	40,323
VMWARE INC 4.65% DUE 05-15-2027/04-07-2020 REG	149,198	149,198
VULCAN MATLS CO 4.5% 06-15-2047	102,777	102,777
WESTPAC BANKING CORPORATION 2.668% DUE 11-15-2035 REG	98,362	98,362
WESTVACO CORP DEL 7.95% DUE 02-15-2031 BEO	92,743	92,743
WEYERHAUSER CO 7.125 DEB DUE 7-15-2023 REG	158,047	158,047
WILLIS NORTH AMERICA INC 5.05% 09-15-2048	111,387	111,387
MFB NORTHERN FDS ULTRA SHORT FIXED INCOME FD	5,078,306	5,078,306

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

THE PATTERSON FOUNDATION

EIN:

65-6230256

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABORATORIES, COMMON STOCK, NO PAR	433,693	433,693
ACCENTURE PLC SHS CL A NEW	395,607	395,607
ADOBE SYS INC COM	988,560	988,560
ADR MICHELIN COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN ADR	231,709	231,709
ADR MITSUBISHI UFJ FINL GROUP INC SPONSORED ADR	92,682	92,682
ADR NOVARTIS AG	145,984	145,984
ADR SONY GROUP CORPORATION SPON ADS EACH REPR 1 ORD SHS	262,494	262,494
ALCON AG COM USD0.04 WI	196,939	196,939
ALIGN TECHNOLOGY INC COM	163,748	163,748
ALLEGION PLC COMMON STOCK	35,382	35,382
ALPHABET INC CAP STK USD0.001 CL C	669,187	669,187
ALPHABET INC CAPITAL STOCK USD0.001 CL A	231,970	231,970
AMAZON COM INC COM	416,259	416,259
AMERIPRISE FINL INC COM	204,082	204,082
AMGEN INC COMMON STOCK	219,375	219,375
ANSYS INC COM	288,060	288,060
AUTODESK INC., COMMON STOCK	289,273	289,273
CABOT OIL & GAS CORP COM	129,204	129,204
CAPITAL ONE FINL CORP COM	289,270	289,270
CHUBB LTD ORD CHF24.15	157,351	157,351
CINCINNATI FINANCIAL CORP., COMMON STOCK, $2 PAR	215,747	215,747
COCA COLA CO COM	202,913	202,913
COMMERCE BANCSHARES, INC., COMMON STOCK, $10 PAR	143,901	143,901
CORTEVA INC COM USD0.01 WI	259,448	259,448
CROWN CASTLE INTL CORP NEW COM	232,169	232,169
CULLEN / FROST BANKERS INC COM	133,280	133,280
DANAHER CORP. COMMON STOCK $.01 PAR	359,602	359,602
EAST WEST BANCORP INC COM	84,738	84,738
ELANCO ANIMAL HEALTH INC COM	188,367	188,367
EQUITY LIFESTYLE PPTYS INC REIT	99,427	99,427
FACEBOOK INC COM USD0.000006 CL 'A'	796,256	796,256
GARTNER INC COM	209,745	209,745
GENERAL DYNAMICS CORP. COMMON STOCK, $1 PAR	160,021	160,021
HONEYWELL INTL INC COM STK	224,395	224,395
ILLUMINA INC COM	218,150	218,150
INTUITIVE SURGICAL INC COM NEW STK	183,008	183,008
JOHNSON CTLS INTL PLC COM USD0.01	249,127	249,127
JPMORGAN CHASE & CO COM	116,499	116,499
LENNAR CORP CL A CL A	248,375	248,375
MARTIN MARIETTA MATLS INC COMMON STOCK	228,677	228,677
MASTERCARD INC CL A	380,059	380,059
MEDTRONIC PLC COMMON STOCK	223,434	223,434
MICROCHIP TECHNOLOGY INC COM	269,532	269,532
MICROSOFT CORP COM	1,110,690	1,110,690
MSCI INC COMMON	134,869	134,869
NETFLIX INC COM STK	236,110	236,110
NIKE INC CL B CL B	197,129	197,129
PARKER-HANNIFIN CORP., COMMON STOCK, NO PAR	261,044	261,044
PAYPAL HLDGS INC COM	591,121	591,121
PHILLIPS 66 COM	120,148	120,148
PNC FINANCIAL SERVICES GROUP COM STK	239,213	239,213
PROCTER & GAMBLE COM NPV	180,536	180,536
QUALCOMM INC COM	257,274	257,274
RPM INTERNATIONAL INC	190,662	190,662
SALESFORCE COM INC COM STK	430,648	430,648
SERVICENOW INC COM USD0.001	345,667	345,667
STARBUCKS CORP COM	281,314	281,314
SUN COMMUNITIES INC COMMON STOCK	102,840	102,840
TWITTER INC COM	258,726	258,726
TYSON FOODS, INC., CLASS A COMMON STOCK,$2 PAR (DELAWARE)	151,208	151,208
UNITEDHEALTH GROUP INC COM	263,890	263,890
VISA INC COM CL A STK	403,340	403,340
WALGREENS BOOTS ALLIANCE INC COM	105,220	105,220
XYLEM INC COM	230,323	230,323
ZOETIS INC COM USD0.01 CL 'A'	389,492	389,492
CF BLACKROCK EM FRONTIERS FD LTD CL F	1,634,384	1,634,384
CF CF BURGUNDY DST FOCUS ASIAN EQUITY	8,322,417	8,322,417
CF THE MARATHON-LONDON INTERNATIONAL INVESTMENT TRUST I	11,477,299	11,477,299
MFO DFA EMERGING MARKETS VALUE	4,262,361	4,262,361
MFO VAN ECK EMERGING MARKETS-I	6,365,648	6,365,648
MFO VANGUARD DEVELOPED MARKETS INDEX INSTL	29,350,533	29,350,533
MFO VANGUARD INDEX FUNDS STK MKT INST	59,785,085	59,785,085

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

THE PATTERSON FOUNDATION

EIN:

65-6230256

US Government Securities - End of Year Book Value:

14,901,602

US Government Securities - End of Year Fair Market Value:

14,901,602

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

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

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

THE PATTERSON FOUNDATION

EIN:

65-6230256

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ALEN 2021-ACEN MTG TR COML MTG PASS THRUCTF CL A 144A 1.243% DUE 04-15-2034	FMV	145,043	145,043
BANK 2021-BNK31 COML MTG PASSTHRU CTF CLA-S 2.211% DUE 02-15-2054 REG	FMV	89,147	89,147
BPR TR 2021-KEN COML MTG PASSTHRU CTF CLA 144A 1.356% DUE 02-15-2029 BEO	FMV	105,000	105,000
CMO CITIGROUP COML MTG TR SER 2013-GC17 CL A-4 4.131% DUE 11-10-2046	FMV	265,702	265,702
CMO DBGS 2018-C1 MTG TR COML MTG PASS THRU CTF CL A-3 4.197% 08-15-2028	FMV	180,780	180,780
CMO J P MORGAN CHASE COML MTG SECS TR SER 2012-C6 CL A-S 4.1166% DUE 05	FMV	143,118	143,118
CMO MORGAN STANLEY BK AMER MERRILL LYNCHTR 2013-C11 COML MTG PASSTHRU CTF CL	FMV	234,455	234,455
CMO UBS-BARCLAYS COML MTG TR SER 2012-C4 CL A-5 2.8502% 12-10-2045	FMV	209,430	209,430
CMO WFRBS COML MTG TR 2012-C10 WFRBS COML MTG TR 2012-C10 CL A3 2.875% DUE 1	FMV	256,454	256,454
CMO WFRBS COML MTG TR 2012-C7 COML MTG PASSTHRU CTF A-2 3.431% DUE 06-15-204	FMV	152,389	152,389
CMO WFRBS COML MTG TR 2013-C15 MTG PASS THRU CTF CL A-4 4.153% DUE 08-15-204	FMV	53,087	53,087
CMO WFRBS COML MTG TR 2013-C18 COML MTG PASSTHRU CTF CL A-4 3.896% 12-15-204	FMV	117,519	117,519
COREVEST AMERN FIN 2020-4 TR MTG PASSTHRU CTF CL A 144A 1.174% DUE 12	FMV	82,642	82,642
COREVEST AMERN FIN 2021-1 TR MTG PASSTHRU CTF CL A 144A 1.569% 04-15-2053	FMV	136,813	136,813
CVS CAREMARK CORP 6.036% DUE 12-10-2028 REG SINKING FUND 07-10-2009	FMV	142,912	142,912
PVTPL CMO COMM MTG TR SER 20-CBM CL A2 2.896% 11-13-2039 BEO	FMV	101,738	101,738
PVTPL CMO LA HIPOTECARIA MTG TR 2019-1 PASSTHRU TR CTF 144A 4.25% 09-29-2046	FMV	158,077	158,077
PVTPL CMO MHC COML MTG TR 2021-MHC CL B FLTG DUE 04-15-2026 BEO	FMV	180,113	180,113
PVTPL CMO VASA TR 2021-VASA CL A VAR RT DUE 07-15-2039 BEO	FMV	130,039	130,039
PVTPL CMO WELLS FARGO COML MTG SR 2019-JWDR CL A 2.58386% 09-15-2026	FMV	330,438	330,438
WELLS FARGO COML MTG TR 2017-C41 COML MTG PASS THRU CTFS A-4 3.472% DUE 11	FMV	148,578	148,578
WFRBS COML MTG TR 2014-C19 COML MTG PASSTHRU CTF CL A-4 3.829% DUE 03	FMV	254,704	254,704
CNH EQUIP TR SRS 20-A CL 3 1.16% DUE 06-17-2025	FMV	131,338	131,338
MARINER FIN ISSUANCE TR 2021-A ASSET BACKED NT CL A 144A 1.86% 03-20-2036	FMV	175,807	175,807
MASSACHUSETTS EDL FING AUTH N/C 2.3% DUE02-25-2040 BEO SINKING FUND 08-25-20	FMV	183,174	183,174
NEW RESDNTL AP ADVANCE RECEIVABLES ADVANCE AST BACKED CTF CL 1.0347% 12	FMV	185,048	185,048
NRZ ADVANCE RECEIVABLES TR 2015-ON1 ADVANCE RECEIVABLES BACKED 1.4754% 09	FMV	150,183	150,183
PROGRESS RESIDENTIAL 2021-SFR2 TR SINGLE-FAMILY RENT PASS 1.796% 04	FMV	119,784	119,784
PVTPL AB ISSUER LLC 2021-1 SR SECD NT CLA-2 144A 3.734% DUE 07-30-2051 BEO	FMV	180,285	180,285
PVTPL AMUR EQUIP FIN RECEIVABLES VIII LLC SR 20-A1 CL A2 1.68% DUE 08-20-202	FMV	108,663	108,663
PVTPL APPLEBEES FDG LLC / IHOP FDG LLC 2019-1 SR SECD NT CL A-2-I 144A 4.194	FMV	172,931	172,931
PVTPL CHESAPEAKE FDG II LLC SER-18-1A CL-A1 3.04% 04-15-2030 BEO	FMV	48,377	48,377
PVTPL DB MASTER FIN LLC 2017-1 SR SECD NT CL A-2-II 144A 4.03% DUE 11-20-204	FMV	20,611	20,611
PVTPL DIAMOND INFRASTRUCTURE FDG LLC SECD CELLULAR SITE REV NT CL A 144A 1.7	FMV	149,601	149,601
PVTPL DRIVEN BRANDS FDG LLC SR SECD NT SER 2019-2 CL A-2 144A 3.981% DUE 10	FMV	260,611	260,611
PVTPL EDVESTINU PRIVATE ED LN ISSUE NO 2SER 19-A CL A FLTG 144A 11-25-2038	FMV	153,788	153,788
PVTPL JERSEY MIKES FDG LLC 2019-1 SR SECD NT CL A-2 144A 4.433% DUE 02	FMV	214,190	214,190
PVTPL ME FDG LLC SR SECD NT SER 2019-1 CL A-2 144A 6.448% DUE 07-30-2049 BEO	FMV	104,128	104,128
PVTPL NAVIENT PRIVATE ED REFI LN TR 2019-FA CL A2 2.6% DUE 08-15-2068	FMV	156,200	156,200
PVTPL PFS FING CORP 1.27% DUE 06-16-2025BEO	FMV	258,728	258,728
PVTPL SBA TOWER TR 2.836% 144A 15/01/2050 2.836% DUE 01-15-2050 REG	FMV	183,587	183,587
PVTPL SERVPRO MASTER ISSUER LLC 2019-1 SR SECD NT CL A-2 144A 3.882% DUE 10	FMV	207,260	207,260
PVTPL SOFI PROFESSIONAL LN PROGRAM 2015-D LLC CL A-2 1 2.72% DUE 10-25-2036	FMV	90,130	90,130
PVTPL SONIC CAP LLC SER 2020-1 SR SECD NT CL A-2-I 3.845% DUE 01-20-2050	FMV	130,556	130,556
PVTPL USQ RAIL II LLC / USQ CDA RAIL II ULC SECD PORT RAILCAR EQUIP NT 144A	FMV	206,458	206,458
PVTPL ZAXBYS FDG LLC SER 21-1A CL A2 3.238% 07-30-2051	FMV	112,081	112,081
SMALL BUSINESS ADMINISTRATION SER 2019-10A CL 1 3.113% 03-10-2029	FMV	154,644	154,644
TESLA AUTO LEASE TR 2020-A ASSET BACKED NT CL B 144A 1.18% DUE 01-22-2024 BE	FMV	186,741	186,741
VERIZON OWNER TR 2018-A SR 18-A CL C 3.55%04-20-2023	FMV	229,043	229,043
WORLD OMNI AUTO RECEIVABLES SRS 20-C CL B .87% DUE 10-15-2026	FMV	145,054	145,054
CMO SMALL BUSINESS ADMIN GTD DEV 2010-20I CL 1 3.21% DUE 09-01-2030 REG	FMV	129,714	129,714
IMS ECUADORIAN MTG 2021-1 TR 3.4% 08-18-2043	FMV	191,938	191,938
KNIGHTHEAD SPECIAL SITUATIONS REAL ESTATE FUND	FMV	334	334
ABERDEEN INTERNATIONAL PARTNERS III (OFFSHORE), LP	FMV	2,788,000	2,788,000
ABERDEEN U.S. PRIVATE EQUITY IV (OFFSHORE), L.P.	FMV	1,222,210	1,222,210
ABERDEEN U.S. PRIVATE EQUITY V (OFFSHORE), L.P.	FMV	1,189,389	1,189,389
ABERDEEN VENTURE PARTNERS VIII (OFFSHORE), L.P.	FMV	1,943,962	1,943,962
AEA INVESTORS FUND VI LP	FMV	5,852,734	5,852,734
AMERICAN SECURITIES PARTNERS VII LP	FMV	5,161,568	5,161,568
AUGUST CAPITAL VII	FMV	13,663,964	13,663,964
CEVINE CAPITAL MANAGEMENT VI (NO.1) FEEDER LP	FMV	6,806,781	6,806,781
FOUNDRY GROUP NEXT LP	FMV	6,830,311	6,830,311
FRAZIER HEALTHCARE GROWTH BUYOUT FUND VIII LP	FMV	5,882,470	5,882,470
HOUSATONIC EQUITY INVESTORS VI LP	FMV	3,243,892	3,243,892
INSTITUTIONAL VENTURE PARTNERS XVI	FMV	9,209,150	9,209,150
KNIGHTHEAD SPECIAL SITUATIONS REAL ESTATE FUND II, LP	FMV	212,131	212,131
NORDIC CAPITAL IX ALPHA LP	FMV	7,380,968	7,380,968
PAMLICO CAPITAL IV LP	FMV	5,603,611	5,603,611
PEAK ROCK CAPITAL CREDIT FUND II A LP	FMV	202,969	202,969
PEAK ROCK CAPITAL FUND II-A LP	FMV	2,562,344	2,562,344
SK CAPITAL PARTNERS IV-B, LP	FMV	3,841,255	3,841,255
ABERDEEN INTERNATIONAL PARTNERS II (OFFSHORE), LP	FMV	937,198	937,198
ABERDEEN VENTURE PARTNERS VII (OFFSHORE), L.P.	FMV	825,504	825,504
CF BBCM OFFS HORE FUND CL A SER FEB 2019	FMV	1,986,767	1,986,767
CF BBCM OFFS HORE FUND LTD	FMV	1,355,856	1,355,856
CF HG VORA SPECIAL OPPORTUNITUES LTD CL A SUB CLASS 1-ILG-INITIAL	FMV	4,036,546	4,036,546
CF OPTI OPP CI FUND,LTD CL 1(NR)- FOUNDERS SERIES 11 -18	FMV	2,892,665	2,892,665
CF PENTWATER MREGER ARBITRAGE FUND LTD. INITIAL SERIES CL A NR NV	FMV	1,953,396	1,953,396
DIAMETER OFFSHORE FUND LP	FMV	3,691,230	3,691,230
INDUS PACIFIC OPPORTUNITIES FUND	FMV	98	98
VARADERO PARTNERS LP	FMV	3,484,039	3,484,039
CF NUT TREE OFFSHORE FUND, LTD GENERAL SERIES 1 JANUARY 2020	FMV	2,727,608	2,727,608
CF OLD ORCHARD CREDIT FUND, LTD. SUB SER1	FMV	3,015,072	3,015,072
CF MW EUREKA CL B2 USD SHARES FUND	FMV	3,136,629	3,136,629
CF STAMINA FUND LTD. ANCHOR SUB-CLASS THREE SHARES	FMV	1,514,449	1,514,449
CCHFH FUNDING CO LLC SECURED NOTE	FMV	1,016,131	1,016,131

- TIN:

TY 2020 LegalFeesSchedule

Name:

THE PATTERSON FOUNDATION

EIN:

65-6230256

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL	10,116	0		10,116
LEGAL - INITIATIVES	593	0		593

- TIN:

TY 2020 OtherAssetsSchedule

Name:

THE PATTERSON FOUNDATION

EIN:

65-6230256

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
RABBI TRUST	328,855	611,925	611,925
EXCISE TAX RECEIVABLE		135,922	135,922

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

THE PATTERSON FOUNDATION

EIN:

65-6230256

Description	Amount
DEFERRED EXCISE TAX	826,116

- TIN:

TY 2020 OtherExpensesSchedule

Name:

THE PATTERSON FOUNDATION

EIN:

65-6230256

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
LOSSES ON PARTNERSHIP K-1S	0	878,831	0
DUES & SUBSCRIPTIONS	64,070	0	64,465
POSTAGE & PRINTING	5,104	0	10,619
POSTAGE & PRINTING - INITIATIVES	93,671	0	93,671
INTERNET/TELECOMMUNICATIONS	63,343	0	63,491
INTERNET/TELECOMMUNICATIONS-INITIATIVES	109,970	0	110,227
MISCELLANEOUS	7,352	0	12,252
COMPUTER EXPENSES	29,324	0	29,381
COMPUTER EXPENSES - INITIATIVES	8,528	0	8,528
OFFICE SUPPLIES	17,310	0	17,565
INSURANCE	7,311	0	7,826
ADMINISTRATIVE MANAGEMENT	104,825	0	103,731
ADMINISTRATIVE MANAGEMENT - INITIATIVES	12,882	0	12,882
INITIATIVE OTHER EXPENSES	658,508	0	690,059
OUTSIDE CONTRACT SERVICES	14,592	0	14,592
OUTSIDE CONTRACT SERVICES - INITIATIVES	383,079	0	383,079
PAYROLL FEES	156,868	0	156,868
OPERATING PROGRAMS	4,192	0	4,192

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

THE PATTERSON FOUNDATION

EIN:

65-6230256

Description	Amount
UNREALIZED GAIN ON SECURITIES	59,432,811
ROUNDING	1

- TIN:

TY 2020 OtherLiabilitiesSchedule

Name:

THE PATTERSON FOUNDATION

EIN:

65-6230256

Description	Beginning of Year - Book Value	End of Year - Book Value
DEFERRED TAX LIABILITY	489,157	1,315,273
DEFERRED COMPENSATION LIABILITY	328,855	611,925
EXCISE TAX PAYABLE	0	84,139

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

THE PATTERSON FOUNDATION

EIN:

65-6230256

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
CONSULTING	92,279	0	159,120
CONSULTING - INITIATIVES	1,634,882	0	930,924
OTHER INVESTMENT FEES	0	66,914	0

- TIN:

TY 2020 TaxesSchedule

Name:

THE PATTERSON FOUNDATION

EIN:

65-6230256

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXCISE TAX	299,285	0		0