Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE PILLSBURY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)12015 MANCHESTER RD STE 34LL
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ST LOUIS, MO63131
A Employer identification number

43-1699916
B Telephone number (see instructions)

(314) 822-6587
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$15,308,882J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 115 115  
4 Dividends and interest from securities... 277,027 277,027  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 28,575
b Gross sales price for all assets on line 6a 1,097,616
7 Capital gain net income (from Part IV, line 2)... 28,575
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........ 305,717 305,717  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 2,573 0   2,573
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,810 0   5,810
c Other professional fees (attach schedule).... Click to see attachment 126,795 126,795   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 29,616 654   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 2,900 0   2,900
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 325 0   325
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 168,019 127,449   11,608
25 Contributions, gifts, grants paid....... 666,000 666,000
26 Total expenses and disbursements. Add lines 24 and 25 834,019 127,449   677,608
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -528,302
b Net investment income (if negative, enter -0-) 178,268
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 400,684 644,056 644,056
2 Savings and temporary cash investments.........   9,663 9,663
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   5,156    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,908,588 Click to see attachment4,954,076 14,588,308
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet66,855
Less: accumulated depreciation (attach schedule) bullet   66,855 66,855 66,855
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,381,283 5,674,650 15,308,882
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment483,538 Click to see attachment470,656
23 Total liabilities (add lines 17 through 22)......... 483,538 470,656
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 4,897,745 5,203,994
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 4,897,745 5,203,994
30 Total liabilities and net assets/fund balances (see instructions). 5,381,283 5,674,650
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
4,897,745
2
Enter amount from Part I, line 27a .....................
2
-528,302
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
834,551
4
Add lines 1, 2, and 3 ..........................
4
5,203,994
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,203,994
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a SHORT TERM CAPITAL GAINS   2020-01-01 2020-12-31
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,092,594   1,069,041 23,553
b 5,022     5,022
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       23,553
b       5,022
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 28,575
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 2,478
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 2,478
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 2,478
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,522
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet2,522 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMO
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletLINDA ROOS Telephone no.bullet (314) 822-6587

    Located atbullet12015 MANCHESTER RD STE 34LLST LOUISMO ZIP+4bullet631314418
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    LINDA J ROOS PRESIDENT
    2.00     		0 0 0
    12015 MANCHESTER RD STE 34LL
    ST LOUIS,MO63131
    CYNTHIA DICKINSON VICE PRESIDENT
    1.00     		0 0 0
    12015 MANCHESTER RD STE 34LL
    ST LOUIS,MO63131
    ELIZABETH HOFFMAN SECRETARY
    1.00     		0 0 0
    12015 MANCHESTER RD STE 34LL
    ST LOUIS,MO63131
    EVELYN KURTZ TREASURER
    1.00     		0 0 0
    12015 MANCHESTER RD STE 34LL
    ST LOUIS,MO63131
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    12,105,468
    b
    Average of monthly cash balances.......................
    1b
    739,830
    c
    Fair market value of all other assets (see instructions)................
    1c
    66,855
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,912,153
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    12,912,153
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    193,682
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,718,471
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    635,924
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    635,924
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,478
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,478
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    633,446
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    633,446
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    633,446
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    677,608
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    677,608
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    677,608
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 633,446
    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...... 28,535
    b From 2016...... 15,702
    c From 2017...... 66,030
    d From 2018...... 22,566
    e From 2019...... 70,628
    fTotal of lines 3a through e........ 203,461
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 677,608
    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..... 633,446
    e Remaining amount distributed out of corpus 44,162
    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 5 247,623
    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) ...     		28,535
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		219,088
    10 Analysis of line 9:
    a Excess from 2016.... 15,702
    b Excess from 2017.... 66,030
    c Excess from 2018.... 22,566
    d Excess from 2019.... 70,628
    e Excess from 2020.... 44,162
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AMERICAN BAPTIST WOMEN'S MINISTRIES
    PO BOX 851
    VALLEY FORGE,PA19482     		N/A PC RELIGIOUS 1,000
    AMERICAN BAPTIST CHURCHES GREAT RIVERS REGION
    9085 E MINERAL CIR STE 170
    CENTENNIAL,CO80112     		N/A PC RELIGIOUS 2,000
    AMERICAN PARKINSON DISEASE ASSOCIATION
    660 S EUCLID AVENUE
    ST LOUIS,MO63110     		N/A PC CHARITABLE 3,500
    AMERICAN YOUTH FOUNDATION
    8706 MANCHESTER RD
    ST LOUIS,MO63144     		N/A PC CHARITABLE 9,500
    BACONE COLLEGE
    2299 OLD BACONE ROAD
    MUSKOGEE,OK74403     		N/A PC EDUCATIONAL 12,000
    BAPTIST JOINT COMMITTEE
    200 MARYLAND AV NE
    WASHINGTON,DC20002     		N/A PC RELIGIOUS 3,500
    BAY ISLANDS COMMUNITY HEALTHCARE
    1150 AST AVE
    KING OF PRUSSIA,PA19406     		N/A PC CHARITABLE 500
    BAYLOR UNIVERSITY
    ONE BEAR PLACE 97026
    WACO,TX76798     		N/A PC EDUCATIONAL 5,000
    BROADLAWNS MEDICAL CENTER FOUNDATION
    1801 HICKMAN ROAD
    DES MOINES,IA50314     		N/A PC CHARITABLE 500
    CALVARY CHAPEL SAN BERNADINO
    1499 E BASELINE STREET
    SAN BERNADINO,CA92410     		N/A PC RELIGIOUS 1,000
    CARDINAL GLENNON FOUNDATION
    1465 S GRAND BLVD
    ST LOUIS,MO631041095     		N/A PC CHARITABLE 3,000
    CENTER FOR CHRISTIAN STUDY
    201 S SINKER BLVD
    ST LOUIS,MO63105     		N/A PC RELIGIOUS 100
    CENTRAL BAPTIST THEOLOGIC
    6601 MONTICELLO RD
    SHAWNEE,KS66226     		N/A PC RELIGIOUS 44,500
    CORNERSTONE CHORALE AND B
    PO BOX 249
    FLORISSANT,MO63032     		N/A PC CHARITABLE 500
    CROHN'S & COLITIS FOUNDATION
    386 PARK AVENUE SOUTH
    NEW YORK,NY10016     		N/A PC CHARITABLE 500
    DARDEN SCHOOL FOUNDATION
    PO BOX 400807
    CHARLOTTESVILLLE,VA22907     		N/A PC EDUCATIONAL 200
    DES MOINES PERFORMING ARTS
    221 WALNUT STREET
    DES MOINES,IA50309     		N/A PC CHARITABLE 1,000
    DES MOINES PUBLIC LIBRARY FOUNDATION
    1915 GRAND AVENUE
    DES MOINES,IA50309     		N/A PC CHARITABLE 1,500
    FONTEBONNE UNIVERSITY
    6800 WYDOWN BLVD
    ST LOUIS,MO63105     		N/A PC EDUCATIONAL 1,850
    FREEWAY FOUNDATION
    3426 BRIDGELAND DR
    BRIDGETON,MO63044     		N/A PC CHARITABLE 16,000
    GATEWAY 180
    1000 N 19TH ST
    ST LOUIS,MO63106     		N/A PC CHARITABLE 8,000
    GET HOPE GLOBAL
    PO BOX 27584
    DENVER,CO80227     		N/A PC CHARITABLE 3,500
    GRACE HILL SETTLEMENT HOU
    7925 MINNESOTA AVE
    ST LOUIS,MO63111     		N/A PC CHARITABLE 10,000
    GREEN LAKE CONFERENCE CENTER
    STATE HIGHWAY 23
    GREEN LAKE,WI54941     		N/A PC CHARITABLE 110,000
    HATEBUSTERS
    PO BOX 442
    LIBERTY,MO64601     		N/A PC CHARITABLE 1,000
    HUMANE SOCIETY OF MISSOURI
    1201 MACKLIND
    ST LOUIS,MO63110     		N/A PC CHARITABLE 2,000
    INTERNATIONAL MINISTRIES
    1003 W 9TH AVENUE STE A
    KING OF PRUSSIA,PA19406     		N/A PC CHARITABLE 9,000
    KIRKWOOD ORCHESTRA PARENTS ASSOCIATION
    801 W ESSEX AVE
    KIRKWOOD,MO63122     		N/A PC CHARITABLE 1,500
    LEUKEMIA & LYMPHOMA SOCIETY
    1311 MAMARONECK AVENUE
    WHITE PLAINS,NY10605     		N/A PC CHARITABLE 2,500
    LIVING LANDS & WATERS
    17624 ROUTE 84 NORTH
    EAST MOLINE,IL61244     		N/A PC CHARITABLE 3,000
    MICDS
    101 N WARSON
    ST LOUIS,MO63124     		N/A PC EDUCATIONAL 100
    MISSOURI BAPTIST HEALTHCARE
    3015 N BALLAS ROAD
    ST LOUIS,MO63131     		N/A PC CHARITABLE 40,000
    MONTEREY BAY NATIONAL MARINE SANCTUARY FOUNDATION
    99 PACIFIC STREET BLDG 455A
    MONTEREY,CA93940     		N/A PC CHARITABLE 750
    NATIVE ANIMAL RESCUE
    1855 17TH AVENUE
    SANTA CRUZ,CA95062     		N/A PC CHARITABLE 200
    NORTHERN BAPTIST SEMINARY
    660 BUTTERFIELD RD
    LAMBARD,IL60148     		N/A PC RELIGIOUS 78,000
    OPERATION SMILE
    6435 TIDEWATER DRIVE
    NORFOLK,VA23509     		N/A PC CHARITABLE 4,200
    ORGAN MEDIA FOUNDATION
    6622 MICHIGAN AVE
    ST LOUIS,MO63111     		N/A PC CHARITABLE 2,000
    OXFAM AMERICA
    1101 17TH ST
    WASHINGTON,DC20036     		N/A PC CHARITABLE 500
    PLYMOUTH UCC
    124 W WASHINGTON ST
    ST BURLINGTON,WI53105     		N/A PC RELIGIOUS 2,000
    PRISON FELLOWSHIP MINISTRY
    PO BOX 1550
    MARRIFIELD,VA22116     		N/A PC CHARITABLE 1,000
    ORCHARD PLACE
    450 W ORCHARD AVE
    NAMPA,ID83651     		N/A PC CHARITABLE 500
    PROJECT MEDSEND
    PO BOX 1098
    ORANGE,CT06447     		N/A PC CHARITABLE 12,000
    RAINBOW ACRES
    PO BOX 1326
    CAME VERDE,AZ86322     		N/A PC CHARITABLE 94,000
    RIO DEL MAR PARENT ALLIANCE INC
    819 PINEHURST DR
    APTOS,CA95003     		N/A PC CHARITABLE 1,500
    ROATAN ANIMAL SUPPORT
    87 GRANGE HALL ROAD
    DALTON,MA01226     		N/A PC CHARITABLE 1,000
    ROATAN MISSION FELLOWSHIP
    10025 NW 116TH WAY
    MEDLEY,FL33178     		N/A PC RELIGIOUS 1,000
    SALVATION ARMY
    PO BOX 21787
    ST LOUIS,MO63109     		N/A PC CHARITABLE 10,000
    SHOWERS FOR ALL
    PO BOX 460232
    DENVER,CO80246     		N/A PC CHARITABLE 500
    SISTERS CIRCLE
    PO BOX 84
    TIMONIUM,MD21094     		N/A PC CHARITABLE 1,000
    SOL INTERNATIONAL FOUNDATION
    146 BARTLETT ST
    ASHEVILLE,NC28801     		N/A PC CHARITABLE 500
    ST ANDREW UNITED METHODIST CHURCH
    3975 N HIGHWAY 67
    FLORISSANT,MO63034     		N/A PC RELIGIOUS 4,000
    ST LOUIS COMMUNITY COLLEGE
    300 S BROADWAY
    ST LOUIS,MO63044     		N/A PC EDUCATIONAL 1,000
    ST LOUIS FOOD BANK
    70 CORPORATE WOODS DR
    ST LOUIS,MO63044     		N/A PC CHARITABLE 11,000
    ST LOUIS SYMPHONY ORCHESTRA
    718 N GRAND
    ST LOUIS,MO63103     		N/A PC CHARITABLE 2,500
    STANFORD FUND
    PO BOX 20466
    STANFORD,CA943090466     		N/A PC EDUCATIONAL 100
    SUSAN G KOMAN FOUNDATION
    5005 LBJ FREEWAY SUITE 2
    DALLAS,TX75244     		N/A PC CHARITABLE 1,000
    THIRD BAPTIST CHURCH
    620 N GRAND BLVD
    ST LOUIS,MO63103     		N/A PC RELIGIOUS 92,500
    UNIVERSITY BAPTIST CHURCH
    3501 NORTH CHARLES STREET
    BALTIMORE,MD22128     		N/A PC RELIGIOUS 5,000
    WILLIAM JEWEL COLLEGE
    500 COLLEGE HILL
    LIBERTY,MO64068     		N/A PC EDUCATIONAL 38,000
    YMCA SUPPORTIVE HOUSING CAMPUS
    2 SW 9TH STREET
    DES MOINES,IA50309     		N/A PC CHARITABLE 1,000
    TWIN LAKES BAPIST CHURCH
    2645 HWY 62 SW
    MOUNTIAN HOME,AR72653     		N/A PC RELIGIOUS 1,000
    Total .................................bullet 3a 666,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 115  
    4 Dividends and interest from securities....     14 277,027  
    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 28,575  
    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).. 0 305,717 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    305,717
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE PILLSBURY FOUNDATION
    EIN:
    43-1699916
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 5,810 0   5,810

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE PILLSBURY FOUNDATION
    EIN:
    43-1699916
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AFLAC 98,610 168,986
    ALPHABET, INC. (FORMLY GOOGLE, INC.) 200,457 658,707
    APPLE, INC. 200,138 928,830
    ATT 140,000 173,164
    AUTOMATIC DATA PROCESSING 67,706 737,397
    BANK OF AMERICA 142,180 90,930
    BERKSHIRE HATHAWAY INC 267,026 1,043,445
    BOEING 102,477 214,060
    BRISTOL MYERS SQUIBB 71,810 124,060
    CDK GLOBAL HOLDINGS 9,796 72,303
    CISCO SYSTEMS 143,274 388,430
    COCA COLA 99,750 208,392
    COLGATE PALMOLIVE 51,546 444,652
    DUKE REALTY 145,308 545,351
    EXXON MOBLL 51,428 98,928
    HEALTHPEAK PROPERTIES INC 53,912 96,736
    INTEL CORP 54,381 144,478
    ISHARES CORE US AGGREGATE BOND ETF 244,926 295,475
    JOHNSON & JOHNSON 92,982 553,191
    LOWES COMPANIES 70,989 646,053
    ISHARES LBOXX $ LNVMNT GRD 249,005 331,512
    MEDTRONICA 253,935 386,562
    MFS MULTLMARKET INCOME TR 291,583 229,125
    MICROSOFT 114,115 622,776
    ORACLE CORP 127,488 216,712
    PFIZER 98,923 92,025
    PUTMAN, MASTER LNTERMDT, INC 121,986 211,500
    PUTNAM MASTER INC. PIM 326,086 237,968
    PUTNAM PREMIER INCOME PPT 0 68,831
    QUALCOM 121,310 778,457
    ROYAL DUTCH SHELL 81,772 80,119
    SPDR S&P 500 ETF TRUST 18,601 274
    SPDR S&P 500 ETF TRUST 17,871 4,653
    SPDR S&P 500 ETF TRUST 22,043 12,610
    SPDR S&P MIDCAP 86,949 398,924
    STRYKER CORP 47,097 392,064
    TEXAS INSTRUMENTS 151,475 689,346
    TJX COS 31,990 628,268
    UNITED HEALTH CARE GROUP 33,085 641,744
    UNIVERSAL DLSPLAY CORP 78,956 114,900
    US BANK CORP 103,508 243,526
    VIATRIS INC 5,426 5,809
    WALGREENS 59,035 167,496
    WALMART 102,821 313,526
    WELLS FARGO 100,320 86,013

    TY 2020 OtherExpensesSchedule
    Name:
    THE PILLSBURY FOUNDATION
    EIN:
    43-1699916
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TELEPHONE 260 0   260
    DUES 65 0   65


    TY 2020 OtherIncreasesSchedule
    Name:
    THE PILLSBURY FOUNDATION
    EIN:
    43-1699916
    Description Amount
    INVESTMENT ACCOUNT CASH BASIS TIMING DIFFERENCES 834,551


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE PILLSBURY FOUNDATION
    EIN:
    43-1699916
    Description Beginning of Year - Book Value End of Year - Book Value
    SHORT POSITION OPTIONS 483,538 470,656


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE PILLSBURY FOUNDATION
    EIN:
    43-1699916
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 126,795 126,795   0


    TY 2020 TaxesSchedule
    Name:
    THE PILLSBURY FOUNDATION
    EIN:
    43-1699916
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 654 654   0
    EXCISE TAXES PAID 28,962 0   0