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
MOON JACK SCHOLARSHIP TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118
A Employer identification number

20-2403787
B Telephone number (see instructions)

(888) 730-4933
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$4,445,394J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 37,562 36,795  
5a Gross rents............ 69,093 69,093  
b Net rental income or (loss) 55,460
6a Net gain or (loss) from sale of assets not on line 10 34,139
b Gross sales price for all assets on line 6a 552,393
7 Capital gain net income (from Part IV, line 2)... 34,139
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment -2,521 -2,796  
12 Total. Add lines 1 through 11........ 138,273 137,231  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 35,307 26,480   8,827
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 958 0 0 958
c Other professional fees (attach schedule).... Click to see attachment 26,524     26,524
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 386 386   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 13,888 13,863   25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 77,063 40,729 0 36,334
25 Contributions, gifts, grants paid....... 384,714 384,714
26 Total expenses and disbursements. Add lines 24 and 25 461,777 40,729 0 421,048
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -323,504
b Net investment income (if negative, enter -0-) 96,502
c Adjusted net income (if negative, enter -0-)... 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.............   227 227
2 Savings and temporary cash investments......... 156,076 104,656 104,656
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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).......   Click to see attachment116,174 306,506
c Investments—corporate bonds (attach schedule).......   Click to see attachment303,010 315,046
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,122,410 Click to see attachment1,570,746 3,718,959
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,278,486 2,094,813 4,445,394
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 2,278,486 2,094,813
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)..... 2,278,486 2,094,813
30 Total liabilities and net assets/fund balances (see instructions). 2,278,486 2,094,813
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
2,278,486
2
Enter amount from Part I, line 27a .....................
2
-323,504
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
139,855
4
Add lines 1, 2, and 3 ..........................
4
2,094,837
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
24
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,094,813
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 25000. FED HOME LN MTG CORP 1.500% 1/17/20   2017-01-19 2020-01-17
b 25000. APPLE INC 1.550% 2/07/20   2015-08-11 2020-02-07
c 61.33 GNMA POOL 609040 6.000% 9/15/21   2006-09-27 2020-02-15
d 2. APPLE INC   2017-01-19 2020-03-09
e 6. HOME DEPOT INC   2012-12-06 2020-03-09
4. MICROSOFT CORP   2017-01-19 2020-03-09
30. MIDDLEBY CORP     2020-03-09
31. ALEXION PHARMACEUTICALS INC     2020-03-11
1. TRANSDIGM GROUP INC   2018-11-27 2020-03-11
61.66 GNMA POOL 609040 6.000% 9/15/21   2006-09-27 2020-03-15
61.99 GNMA POOL 609040 6.000% 9/15/21   2006-09-27 2020-04-15
62.33 GNMA POOL 609040 6.000% 9/15/21   2006-09-27 2020-05-15
1. CHIPOTLE MEXICAN GRILL INC   2020-03-09 2020-06-04
6. LULULEMON ATHLETICA INC     2020-06-04
3. NETFLIX.COM INC   2017-06-05 2020-06-04
3. NVIDIA CORP   2018-11-27 2020-06-04
4. POOL CORPORATION   2018-11-27 2020-06-04
62.67 GNMA POOL 609040 6.000% 9/15/21   2006-09-27 2020-06-15
9. ACTIVISION BLIZZARD INC   2018-11-27 2020-06-26
8. BOEING CO   2018-12-24 2020-06-26
20. COCA COLA CO   2019-10-30 2020-06-26
84. COCA COLA CO   2018-07-18 2020-06-26
2. TRANSDIGM GROUP INC   2018-11-27 2020-06-26
1854.599 ARBITRAGE FUND CLASS I 1000   2017-01-19 2020-07-10
25000. BANK OF NY MELLON CO 2.450% 11/27/20   2016-11-14 2020-07-10
25000. FED NATL MTG ASSN 1.375% 10/07/21   2016-11-17 2020-07-10
1400. ISHARES MSCI EMERGING MARKETS     2020-07-10
50. ISHARES MSCI EAFE ETF   2016-11-14 2020-07-10
600. ISHARES MSCI EAFE ETF   2019-08-02 2020-07-10
225. ISHARES RUSSELL 2000 VALUE ETF   2008-08-08 2020-07-10
175. ISHARES RUSSELL 2000 GROWTH ETF     2020-07-10
1940.994 BOSTON P LNG/SHRT RES-INS 7015     2020-07-10
4722.55 STONE HARBOR LOCAL MARKET FD 14604     2020-07-10
3. DEXCOM INC   2018-09-12 2020-07-13
3. FACEBOOK INC   2017-01-19 2020-07-13
1. NETFLIX.COM INC   2017-06-05 2020-07-13
10638.279 STONE HARBOR LOCAL MARKET FD 14604     2020-07-13
7. TRACTOR SUPPLY CO COM     2020-07-13
24. JAZZ PHARMACEUTICALS PLC     2020-07-13
63.01 GNMA POOL 609040 6.000% 9/15/21   2006-09-27 2020-07-15
63.35 GNMA POOL 609040 6.000% 9/15/21   2006-09-27 2020-08-15
63.69 GNMA POOL 609040 6.000% 9/15/21   2006-09-27 2020-09-15
25000. MICROSOFT CORP 2.000% 11/03/20   2017-01-19 2020-10-03
63.85 GNMA POOL 609040 6.000% 9/15/21   2006-09-27 2020-10-15
11. APPLE INC   2017-01-19 2020-10-22
18. CONCHO RESOURCES INC   2020-03-09 2020-10-22
18. CONCHO RESOURCES INC     2020-10-22
7. DANAHER CORP     2020-10-22
3. NVIDIA CORP   2018-11-27 2020-10-22
25000. ROYAL BANK OF CANADA 2.350% 10/30/20   2016-11-17 2020-10-30
2847.38 PIMCO FLEXIBLE CREDIT INCOME FUND   2019-04-26 2020-11-05
64.2 GNMA POOL 609040 6.000% 9/15/21   2006-09-27 2020-11-15
3. ALIGN TECHNOLOGY INC   2017-01-19 2020-12-08
64.55 GNMA POOL 609040 6.000% 9/15/21   2006-09-27 2020-12-15
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 25,000   24,906 94
b 25,000   24,562 438
c 61   63 -2
d 541   239 302
e 1,279   386 893
618   249 369
2,807   3,494 -687
2,574   3,656 -1,082
465   330 135
62   63 -1
62   63 -1
62   64 -2
1,051   675 376
1,909   1,233 676
1,257   495 762
1,056   463 593
1,055   623 432
63   64 -1
683   455 228
1,368   2,377 -1,009
877   1,080 -203
3,683   3,789 -106
841   661 180
25,000   24,536 464
25,143   25,284 -141
25,363   24,495 868
60,427   51,556 8,871
3,098   2,827 271
37,179   38,352 -1,173
20,843   15,505 5,338
36,243   20,206 16,037
25,000   30,191 -5,191
40,000   39,741 259
1,309   433 876
746   383 363
569   165 404
90,000   88,259 1,741
973   377 596
2,564   2,180 384
63   64 -1
63   65 -2
64   65 -1
25,000   24,981 19
64   65 -1
1,268   329 939
824   782 42
824   1,671 -847
1,633   572 1,061
1,600   463 1,137
25,000   25,109 -109
25,000   28,388 -3,388
64   66 -2
1,534   273 1,261
65   66 -1
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
      2,496
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       94
b       438
c       -2
d       302
e       893
      369
      -687
      -1,082
      135
      -1
      -1
      -2
      376
      676
      762
      593
      432
      -1
      228
      -1,009
      -203
      -106
      180
      464
      -141
      868
      8,871
      271
      -1,173
      5,338
      16,037
      -5,191
      259
      876
      363
      404
      1,741
      596
      384
      -1
      -2
      -1
      19
      -1
      939
      42
      -847
      1,061
      1,137
      -109
      -3,388
      -2
      1,261
      -1
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 34,139
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 1,341
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 1,341
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 1,341
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,108
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 220
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,328
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 13
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    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 ofbulletWELLS FARGO BANK NA Telephone no.bullet (888) 730-4933

    Located atbullet100 N MAIN ST MAC D4001-117WINSTON SALEMNC ZIP+4bullet27101
    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
    Yes
     
    ........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
    Yes
     
    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
    Yes
     
    .........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
    WELLS FARGO BANK N A TRUSTEE
    1     		35,307    
    100 N MAIN ST MAC D4001-117
    WINSTON SALEM,NC27101
    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.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,178,780
    b
    Average of monthly cash balances.......................
    1b
    231,506
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,410,286
    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
    4,410,286
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    66,154
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,344,132
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    217,207
    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
    217,207
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,341
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,341
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    215,866
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    135,920
    5
    Add lines 3 and 4............................
    5
    351,786
    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
    351,786
    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
    421,048
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    421,048
    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
    421,048
    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 7 351,786
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 113,529
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 421,048
    a Applied to 2019, but not more than line 2a 113,529
    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..... 307,519
    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 ..........     		44,267
    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.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    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).)
    NONE
    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.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CENTER FOR SCHOLARSHIP ADMINISTRATI
    4320 WADE HAMPTON BLVD G
    TAYLORS,SC29687
    (864) 268-3363
    bThe form in which applications should be submitted and information and materials they should include:
    SEE APPLICATION ON CSA WEBSITE
    cAny submission deadlines:
    MARCH 15
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE ELIGIBILITY REQUIREMENTS ON CSA WEBSITE
    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
    MIKAYLA ACHMAN CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    JILLIAN BEETCHER CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    ADRIANA BIRDSEYE CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    ALLEN BONNEVILLE CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    MORGAN BOSIACKI CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    FAITH CALDWELL CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    ASHTON CAREY CO FOND DU LAC TRIBAL AND
    COMMUNITY COLLEGE
    2101 14TH STREET
    CLOQUET,MN55720     		NONE I SCHOLARSHIP 5,829
    CADEN CHARTIER CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    MIRANDA CHELSTROM CO FOND DU LAC TRIBAL
    AND COMMUNITY COLLEGE
    2101 14TH STREET
    CLOQUET,MN55720     		NONE I SCHOLARSHIP 5,829
    GRACE CIESLA CO RIDGEWATER COLLEGE
    2101 15TH AVE NW
    WILLMAR,MN56201     		NONE I SCHOLARSHIP 5,829
    KATELYN CLARK CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    DAKOTA COMNICK AMBERG CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    LOGAN COTTON BELL CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    JACOB DONAHUE CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    TYLER DONAHUE CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    JACE ELDER CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    MARCKANTONY FAIRBANKS CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    IAN FINHOLM CO DAKOTA COUNTY TECHNICAL
    COLLEGE
    1300 EAST 145TH STREET
    ROSEMOUNT,MN55811     		NONE I SCHOLARSHIP 5,829
    CARLA GOULD CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    COREY GRAVES CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    NICHOLAS GRAYHAWK CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    DANIELLE GRYMAIA CO WISCONSIN INDIAN-
    HEAD TECH COLLEGE
    600 N 21ST ST
    SUPERIOR,WI54880     		NONE I SCHOLARSHIP 5,829
    CASSANDRA HARTEN CO HIBBING COMMUNITY
    COLLEGE
    1515 E 25TH ST
    HIBBING,MN55746     		NONE I SCHOLARSHIP 5,829
    EMMA HAUGEN CO WISCONSIN TECH COLLEGE
    600 N 21ST ST
    SUPERIOR,WI54880     		NONE I SCHOLARSHIP 5,829
    DANE HEROLD CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    DALEVONNE HUDSON CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    ZOE JOHNSON CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    JASON KANGAS CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    ELIANA KATOCH CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    SEAN KILLORIN CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    SULLIVAN KOSMAS CO MESABI RANGE COMM
    COLLEGE
    1100 INDUSTRIAL PARKWAY
    EVELETH,MN55734     		NONE I SCHOLARSHIP 5,829
    NICHOLAS LAFLAIR CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    DEONTA LEW CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    KAI LIN CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    ABBIGAYLE LUNDBERG CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    EMILY MARCINIAK CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    TYLER MCCRACKEN CO WISCONSIN INDIAN-
    HEAD TECH COLLEGE
    600 N 21ST ST
    SUPERIOR,WI54880     		NONE I SCHOLARSHIP 5,829
    DOMINIC MILLER CO NORTHLAND COMM & TECH
    COLLEGE
    2022 CENTRAL AVENUE NW
    EAST GRAND FORKS,MN56721     		NONE I SCHOLARSHIP 5,829
    JANAYA MILLER CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    KARLEE MILLER CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    SYDNEY MYHRE CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    HUNTER ONNEN CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    LISA PACKINGHAM CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    JANTZEN PERVIN-LEVY CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    PARKER RADIG CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    MIKAYLA RAJANEN CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    KARLEO RICHARD CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    KILEE RODGERS CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    JOSEPH RUKAVINA CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    MATTHEW RUKAVINA CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    JOSEPHINE SCHMIDT CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    MIRANDA SHINN CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    DANIELA SANTIAGO CO FOND DU LAC TRIBAL
    AND COMM COLLEGE
    2101 14TH STREET
    CLOQUET,MN55720     		NONE I SCHOLARSHIP 5,829
    JAMES SCHAMOTT CO FOND DU LAC TRIBAL
    AND COMM COLLEGE
    2101 14TH STREET
    CLOQUET,MN55720     		NONE I SCHOLARSHIP 5,829
    NATHAN SICH CO HENNEPIN TECH COLLEGE
    13100 COLLEGE VIEW DRIVE
    EDEN PRAIRE,MN55347     		NONE I SCHOLARSHIP 5,829
    BRANDON SODERLUND CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    THOMAS SOLA CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    NICHOLAS THARGE CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    BRENDAN WALKOWIAK CO FOND DU LAC TRIBAL
    AND COMM COLLEGE
    2101 14TH STREET
    CLOQUET,MN55720     		NONE I SCHOLARSHIP 5,829
    AMAYA WAYNE CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    JOHN WELCH CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    KAYCE WOSMEK CO LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    JUSTIN YOUNGBERG CO WISCONSIN INDIAN-
    HEAD TECH COLLEGE
    600 N 21ST ST
    SUPERIOR,WI54880     		NONE I SCHOLARSHIP 5,829
    MORGAN BOSIACKI CO LAKE SUPERIOR
    COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		NONE I SCHOLARSHIP 5,829
    DYLON MORRISON CO FOND DU LAC TRIBAL
    AND COMM COLLEGE
    2101 14TH STREET
    CLOQUET,MN55720     		NONE I SCHOLARSHIP 5,829
    ARIEL SHOGREN CO FOND DU LAC TRIBAL
    AND COMM COLLEGE
    2101 14TH STREET
    CLOQUET,MN55720     		NONE I SCHOLARSHIP 5,829
    Total .................................bullet 3a 384,714
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 37,562  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 55,460  
    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 34,139  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARTNERSHIP/S-CORP     		    1 -3,993  
    bFEDERAL TAX REFUND     1 275  
    cOTHER INCOME     1 1,173  
    dOTHER INCOME     1 24  
    e
    12 Subtotal. Add columns (b), (d), and (e)..   124,640  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    124,640
    (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:
    MOON JACK SCHOLARSHIP TRUST
    EIN:
    20-2403787
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 958     958

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    MOON JACK SCHOLARSHIP TRUST
    EIN:
    20-2403787
    Name of Bond End of Year Book Value End of Year Fair Market Value
    313382K69 FED HOME LN BK 24,875 25,078
    606822BA1 MITSUBISHI UFJ FIN 25,064 27,104
    86562MAQ3 SUMITOMO MITSUI FINL 25,471 25,918
    313381BR5 FED HOME LN BK 24,640 25,842
    91159HHX1 US BANCORP 25,250 26,650
    06366RJJ5 BANK OF MONTREAL 2.5 25,190 25,997
    693475AX3 PNC FINANCIAL SERVIC 25,312 27,446
    91324PDR0 UNITEDHEALTH GROUP 25,398 26,648
    3137EAEN5 FED HOME LN MTG CORP 26,193 26,579
    3130A4CH3 FED HOME LN BK 25,958 27,068
    74005PBA1 PRAXAIR INC 2.450% 2 25,006 25,464
    68389XBK0 ORACLE CORP 24,653 25,252

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    MOON JACK SCHOLARSHIP TRUST
    EIN:
    20-2403787
    Name of Stock End of Year Book Value End of Year Fair Market Value
    21036P108 CONSTELLATION BRANDS 2,472 3,724
    02079K107 ALPHABET INC CL C 3,971 17,519
    339041105 FLEETCOR TECHNOLOGIE 3,697 4,092
    34964C106 FORTUNE BRANDS HOME 1,918 4,286
    550021109 LULULEMON ATHLETICA 1,978 3,828
    00507V109 ACTIVISION BLIZZARD 2,266 4,364
    101137107 BOSTON SCIENTIFIC CO 2,983 4,817
    594918104 MICROSOFT CORP 4,233 21,797
    69354M108 PRA HEALTH SCIENCES 2,733 3,763
    15135B101 CENTENE CORP DEL 3,362 4,682
    87918A105 TELADOC HEALTH INC 3,658 3,199
    252131107 DEXCOM INC 3,242 6,285
    697435105 PALO ALTO NETWORKS I 2,500 6,042
    G66721104 NORWEGIAN CRUISE LIN 3,683 2,619
    31620M106 FIDELITY NATL INFORM 1,922 4,527
    92826C839 VISA INC-CLASS A SHR 3,178 9,405
    45866F104 INTERCONTINENTAL EXC 1,183 5,534
    037833100 APPLE INC 1,431 26,671
    92532F100 VERTEX PHARMACEUTICA 2,584 3,781
    040413106 ARISTA NETWORKS INC 4,351 5,811
    78409V104 S&P GLOBAL INC 1,542 4,931
    79466L302 SALESFORCE COM INC 2,633 8,456
    893641100 TRANSDIGM GROUP INC 1,199 3,713
    73278L105 POOL CORPORATION 2,055 5,215
    892356106 TRACTOR SUPPLY CO CO 328 4,639
    11135F101 BROADCOM INC 3,540 7,443
    983793100 XPO LOGISTICS INC 2,140 4,410
    169656105 CHIPOTLE MEXICAN GRI 1,349 2,773
    90384S303 ULTA BEAUTY INC 2,669 3,446
    235851102 DANAHER CORP 925 5,109
    617446448 MORGAN STANLEY 4,770 6,442
    278865100 ECOLAB INC 676 2,813
    09857L108 BOOKING HOLDINGS INC 932 4,455
    G1151C101 ACCENTURE PLC 1,880 6,008
    67066G104 NVIDIA CORP 2,643 7,833
    016255101 ALIGN TECHNOLOGY INC 1,345 4,809
    64110L106 NETFLIX INC 1,485 4,867
    30303M102 FACEBOOK INC 3,126 13,112
    023135106 AMAZON COM INC COM 2,040 22,799
    437076102 HOME DEPOT INC 1,092 4,516
    896239100 TRIMBLE INC 4,022 5,876
    13645T100 CANADIAN PAC RY LTD 2,540 4,160
    81762P102 SERVICENOW INC 3,285 5,504
    518439104 ESTEE LAUDER COMPANI 1,567 5,058
    532457108 ELI LILLY & CO COM 5,691 6,078
    98936J101 ZENDESK INC 3,355 5,295

    TY 2020 InvestmentsOtherSchedule2
    Name:
    MOON JACK SCHOLARSHIP TRUST
    EIN:
    20-2403787
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    101137107 BOSTON SCIENTIFIC CO      
    594918104 MICROSOFT CORP      
    191216100 COCA COLA CO      
    016255101 ALIGN TECHNOLOGY INC      
    G1151C101 ACCENTURE PLC      
    36202TS56 GNMA POOL 609040 6.0 AT COST 590 581
    20605P101 CONCHO RESOURCES INC      
    235851102 DANAHER CORP      
    617446448 MORGAN STANLEY      
    464287234 ISHARES MSCI EMERGIN AT COST 18,183 41,853
    79466L302 SALESFORCE COM INC      
    3137EAEE5 FED HOME LN MTG CORP      
    34964C106 FORTUNE BRANDS HOME      
    893641100 TRANSDIGM GROUP INC      
    55273H353 MFS VALUE FUND-R6 48 AT COST 169,687 188,923
    313381BR5 FED HOME LN BK      
    037833100 APPLE COMPUTER INC C      
    097023105 BOEING COMPANY      
    67066G104 NVIDIA CORP      
    464287614 ISHARES RUSSELL 1000 AT COST 28,131 96,456
    596278101 MIDDLEBY CORP      
    30303M102 FACEBOOK INC      
    03875R205 ARBITRAGE FUND CLASS AT COST 20,464 20,463
    464287473 ISHARES RUSSELL MID- AT COST 37,935 71,266
    594918BG8 MICROSOFT CORP      
    06406HDF3 BANK OF NY MELLON CO      
    74005PBA1 PRAXAIR INC 2.450% 2      
    00507V109 ACTIVISION BLIZZARD      
    518439104 ESTEE LAUDER COMPANI      
    09857L108 BOOKING HOLDINGS INC      
    464287630 ISHARES RUSSELL 2000      
    92532F100 VERTEX PHARMACEUTICA      
    92826C839 VISA INC-CLASS A SHR      
    45866F104 INTERCONTINENTALEXCH      
    15135B101 CENTENE CORP DEL      
    REN052338 80 AC S1/2SE1/4 16 M AT COST 142,500 560,000
    68389XBK0 ORACLE CORP      
    3135G0Q89 FED NATL MTG ASSN      
    983793100 XPO LOGISTICS INC      
    G50871105 JAZZ PHARMACEUTICALS      
    73278L105 POOL CORPORATION      
    74925K581 BOSTON P LNG/SHRT RE AT COST 19,809 18,644
    464287465 ISHARES MSCI EAFE ET AT COST 51,433 69,312
    464287481 ISHARES RUSSELL MID- AT COST 31,903 103,677
    00203H859 AQR MANAGED FUTURES AT COST 50,000 41,800
    252131107 DEXCOM INC      
    90384S303 ULTA SALON COSMETICS      
    040413106 ARISTA NETWORKS INC      
    11135F101 BROADCOM INC      
    464287648 ISHARES RUSSELL 2000      
    69354M108 PRA HEALTH SCIENCES      
    REN052320 163 AC IN SEC 7 & 8 AT COST 290,500 1,154,787
    64110L106 NETFLIX.COM INC      
    78012KJA6 ROYAL BANK OF CANADA      
    78409V104 S&P GLOBAL INC      
    697435105 PALO ALTO NETWORKS I      
    06366RJJ5 BANK OF MONTREAL 2.5      
    G66721104 NORWEGIAN CRUISE LIN      
    023135106 AMAZON COM INC      
    278865100 ECOLAB INC      
    437076102 HOME DEPOT INC      
    606822BA1 MITSUBISHI UFJ FIN      
    313382K69 FED HOME LN BK      
    892356106 TRACTOR SUPPLY CO CO      
    46138B103 INVESCO DB COMMODITY AT COST 26,820 32,281
    256206103 DODGE & COX INTL STO AT COST 14,293 31,293
    015351109 ALEXION PHARMACEUTIC      
    21036P108 CONSTELLATION BRANDS      
    REC124527 77 ACRES IN EMMET CO AT COST 171,500 672,000
    037833AX8 APPLE INC 1.550% 2/0      
    REN052247 220 W SUPERIOR ST, D AT COST 30,000 104,000
    02079K107 ALPHABET INC/CA      
    861647501 STONE HARBOR LOCAL M      
    693475AX3 PNC FINANCIAL SERVIC      
    91324PDR0 UNITEDHEALTH GROUP      
    31620M106 FIDELITY NATL INFORM      
    3137EAEN5 FED HOME LN MTG CORP      
    3130A4CH3 FED HOME LN BK      
    880208772 TEMPLETON GLOBAL BON AT COST 15,943 13,216
    PFX990006 PIMCO FLEXIBLE CREDI AT COST 31,612 29,329
    00143W859 INV OPP DEVELOP MRKT AT COST 60,000 76,567
    550021109 LULULEMON ATHLETICA      
    13645T100 CANADIAN PAC RY LTD      
    86562MAQ3 SUMITOMO MITSUI FINL      
    GTC999HB8 ASGI CORBIN FUND 5%      
    91159HHX1 US BANCORP      
    89609H704 TRIBUTARY SMALL CO-I AT COST 100,000 104,401
    72201F516 PIMCO E/M LCL CUR & AT COST 90,000 97,838
    81369Y506 AMEX ENERGY SELECT S AT COST 32,768 41,690
    25159L836 DWS ENH COMMOD STR-I AT COST 25,000 25,984
    64128R608 NEUBERGER BERMAN LON AT COST 25,000 24,880
    81369Y605 FINANCIAL SELECT SEC AT COST 36,675 47,168
    74440Y884 PGIM HIGH YIELD-Q 10 AT COST 50,000 50,550

    TY 2020 OtherDecreasesSchedule
    Name:
    MOON JACK SCHOLARSHIP TRUST
    EIN:
    20-2403787
    Description Amount
    PY PENDING SALES ADJ 1
    PY RETURN OF CAPITAL ADJ 23


    TY 2020 OtherExpensesSchedule
    Name:
    MOON JACK SCHOLARSHIP TRUST
    EIN:
    20-2403787
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEE/STATE TAX 25 0   25
    INVESTMENT EXPENSES - ADR FEES 5 5   0
    FROM PARTNERSHIP/S-CORP 225 225   0
    Rent and Royalty Expense 13,633      


    TY 2020 OtherIncomeSchedule2
    Name:
    MOON JACK SCHOLARSHIP TRUST
    EIN:
    20-2403787
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 275 0  
    OTHER INCOME 1,173 1,173  
    OTHER INCOME 24 24  
    FROM PARTNERSHIP/S-CORP -3,993 -3,993  


    TY 2020 OtherIncreasesSchedule
    Name:
    MOON JACK SCHOLARSHIP TRUST
    EIN:
    20-2403787
    Description Amount
    RECOVERY OF GRANTS PAID 135,920
    MUTUAL FUND TIMING ADJ 1,952
    COST BASIS ADJUSTMENT 1,983


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    MOON JACK SCHOLARSHIP TRUST
    EIN:
    20-2403787
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SCHOLARSHIP ADMIN FEES 26,524     26,524


    TY 2020 TaxesSchedule
    Name:
    MOON JACK SCHOLARSHIP TRUST
    EIN:
    20-2403787
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 307 307   0
    FOREIGN TAXES ON NONQUALIFIED 79 79   0