TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020

Name of foundation
KERN FOUNDATION TRUST

Number and street (or P.O. box number if mail is not delivered to street address)THE NORTHERN TRUST COMPANY AS TRUS
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PO BOX CHICAGO, IL60680

A Employer identification number

36-6107250

B Telephone number (see instructions)

(312) 630-6000

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$22,296,248J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	302,803		301,870
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		91,544
b	Gross sales price for all assets on line 6a 5,338,536
7	Capital gain net income (from Part IV, line 2)...			91,544
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).......		56,010	-14,808
12	Total. Add lines 1 through 11........	450,357		378,606
13	Compensation of officers, directors, trustees, etc.	93,452		23,363		70,089
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).......		2,500	1,250	0	1,250
c	Other professional fees (attach schedule)....		20,816	20,816		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		11,660	401		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).......		15			15
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	128,443		45,830	0	71,354
25	Contributions, gifts, grants paid.......	1,048,550				1,048,550
26	Total expenses and disbursements. Add lines 24 and 25	1,176,993		45,830	0	1,119,904
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-726,636
b	Net investment income (if negative, enter -0-)			332,776
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	501,870	421,820	421,820
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	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).......	7,205,135	6,924,526	9,986,106
	c	Investments—corporate bonds (attach schedule).......	5,125,247	5,198,290	5,433,566
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,293,628	788,679	1,169,984
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	5,841,782	6,029,649	5,284,772
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	19,967,662	19,362,964	22,296,248
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	19,967,662	19,362,964
	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).....	19,967,662	19,362,964
	30	Total liabilities and net assets/fund balances (see instructions).	19,967,662	19,362,964

Part III

Analysis of Changes in Net Assets or Fund Balances

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

19,967,662

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

-726,636

Other increases not included in line 2 (itemize) bullet

121,938

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

19,362,964

Decreases not included in line 2 (itemize) bullet

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

19,362,964

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	13.43 ALPHA CORE STRATEGIES FEEDER FUND QP		2008-11-26	2020-09-22
b	18. AAON INC		2019-03-27	2020-05-26
c	4. AAON INC		2019-03-27	2020-07-20
d	50000. AFLAC INC 3.625% DUE 11-15-2024 REG		2017-12-20	2020-06-17
e	226.36 MFO INVESCO DEVELOPING MARKETS FUND		2014-12-05	2020-05-01
	517.64 MFO INVESCO DEVELOPING MARKETS FUND		2014-12-05	2020-06-01
	42. ACI WORLDWIDE INC COM STK		2019-07-17	2020-10-07
	32. ACI WORLDWIDE INC COM STK		2019-08-01	2020-11-03
	53. ACI WORLDWIDE INC COM STK		2019-08-01	2020-12-03
	11. ALAMO GROUP INC COM		2019-11-15	2020-02-21
	15. ALAMO GROUP INC COM		2019-05-08	2020-11-03
	472. ALLEGHENY TECHNOLOGIES INC		2020-04-20	2020-05-13
	50000. AMAZON COM INC 3.15% DUE 08-22-2027 BEO		2019-04-02	2020-06-02
	50000. AMAZON COM INC 1.5% DUE 06-03-2030/06-03-2020 REG		2020-06-01	2020-11-19
	25000. AMERICAN EXPRESS CO 3.125% DUE 05-20-2026/04-19-2026 REG		2019-05-15	2020-06-24
	50000. AMERICAN HONDA FIN CORP MED TERM NTS BOOK ENTRY 2.35% DUE 01-08		2020-01-07	2020-10-20
	32. AMERICOLD RLTY TR COM		2020-04-20	2020-07-13
	40000. AMERIPRISE FINL INC 4.0% DUE 10-15-2023 REG		2015-05-08	2020-01-17
	50000. APPLE INC 2.2% DUE 09-11-2029		2019-09-05	2020-05-04
	50000. APPLE INC 1.65% DUE 05-11-2030/05-11-2020 REG		2020-05-04	2020-09-23
	5. APPLIED MATERIALS INC		2020-04-20	2020-04-28
	49. ARTISAN PARTNERS ASSET MGMT INC CL A CL A		2019-06-13	2020-02-21
	26. ARTISAN PARTNERS ASSET MGMT INC CL A CL A		2019-03-27	2020-07-20
	23. ARTISAN PARTNERS ASSET MGMT INC CL A CL A		2019-03-27	2020-08-10
	29. ARTISAN PARTNERS ASSET MGMT INC CL A CL A		2019-03-27	2020-11-03
	6. AUTODESK, INC		2020-04-20	2020-04-28
	18. AUTODESK, INC		2020-04-20	2020-07-30
	4. AUTODESK, INC		2020-04-20	2020-07-31
	50000. AVALONBAY CMNTYS INC MEDIUM TERM NTS BOO2.3% DUE 03-01-2030		2020-02-11	2020-09-09
	45000. BB&T CORP SR MEDIUM TERM NTS BOOK ENTRY TRANCHE # TR 00033 2.2%		2019-09-09	2020-06-24
	16. BALCHEM CORP COM		2019-03-27	2020-03-25
	35000. BANK AMER CORP 5.875% DUE 01-05-2021 REG		2018-07-25	2020-10-16
	15000. BANK AMER CORP 3.5% DUE 04-19-2026/04-20-2017 REG		2019-06-10	2020-10-16
	50000. BANK NEW YORK MELLON CORP MEDIUM TERM SRNT BOOK ENTRY 2.1% DUE		2019-10-17	2020-04-20
	25000. BANK NOVA SCOTIA B C 2.7% DUE 08-03-2026REG		2019-07-24	2020-08-04
	61. BEACON ROOFING SUPPLY INC COM		2019-06-13	2020-02-21
	66. BEACON ROOFING SUPPLY INC COM		2019-03-27	2020-05-26
	30. BEACON ROOFING SUPPLY INC COM		2019-03-27	2020-08-10
	54. BEACON ROOFING SUPPLY INC COM		2019-03-27	2020-10-07
	50000. BERKSHIRE HATHAWAY FIN CORP 1.85% DUE 03-12-2030 REG		2020-03-04	2020-08-12
	5. BLACK KNIGHT INC COM USD0.0001 WI		2020-04-20	2020-04-28
	56. BLACKBAUD INC COM		2019-05-17	2020-05-26
	5.00005 BLACKBAUD INC COM		2019-03-27	2020-08-10
	28.99995 BLACKBAUD INC COM		2019-03-27	2020-08-10
	50000. BLACKROCK INC 2.4% DUE 04-30-2030/01-27-2020 REG		2020-01-16	2020-08-11
	1180.13 MFO BLACKROCK FDS V HIGH YIELD BD PORT INSTLCL		2019-04-17	2020-05-01
	2810.02 MFO BLACKROCK FDS V HIGH YIELD BD PORT INSTLCL		2019-04-17	2020-06-01
	241. BORG WARNER AUTOMOTIVE INC		2020-04-20	2020-06-02
	3. CSX CORP		2020-04-20	2020-04-28
	34. CASEYS GEN STORES INC		2019-12-16	2020-02-21
	33. CASEYS GEN STORES INC		2019-03-27	2020-03-19
	9. CASEYS GEN STORES INC		2019-03-27	2020-09-14
	32. CASEYS GEN STORES INC		2019-03-27	2020-09-24
	9. CASS INFORMATION SYS INC COM		2019-03-27	2020-11-03
	51. CENTRAL GARDEN & PET CO		2019-11-13	2020-03-25
	25. CENTRAL GARDEN & PET CO		2019-03-27	2020-05-26
	10. CENTRAL GARDEN & PET CO		2019-03-27	2020-11-03
	15. CHOICE HOTELS INTL INC COM		2019-03-27	2020-03-25
	25. CHOICE HOTELS INTL INC COM		2019-03-27	2020-09-14
	25000. COCA COLA CO 2.125% DUE 09-06-2029 REG		2019-09-04	2020-04-17
	25000. COCA COLA CO 2.125% DUE 09-06-2029 REG		2019-09-04	2020-04-29
	50000. COCA COLA CO 1.45% DUE 06-01-2027/05-01-2020 REG		2020-04-29	2020-09-09
	30. COLUMBIA SPORTSWEAR CO		2019-03-27	2020-03-25
	9. COLUMBIA SPORTSWEAR CO		2019-03-27	2020-07-20
	45. COLUMBIA SPORTSWEAR CO		2019-04-17	2020-09-14
	50000. COMCAST CORP NEW 2.65% DUE 02-01-2030/11-05-2019 REG		2019-10-29	2020-05-20
	111. #REORG/CORELOGIC INC CASH MERGER 06-04-2021		2019-11-15	2020-02-21
	108. #REORG/CORELOGIC INC CASH MERGER 06-04-2021		2019-03-27	2020-05-26
	78. #REORG/CORELOGIC INC CASH MERGER 06-04-2021		2019-03-27	2020-07-20
	35. #REORG/CORELOGIC INC CASH MERGER 06-04-2021		2019-03-27	2020-11-03
	291. COVETRUS INC COM NPV		2019-06-13	2020-03-04
	727.58 MFO DFA INVT DIMENSIONS GROUP INC U S CORE EQUITY 1 PORT		2018-12-17	2020-05-01
	1687.77 MFO DFA INVT DIMENSIONS GROUP INC U S CORE EQUITY 1 PORT		2018-12-17	2020-06-01
	8698.68 MFO DFA INVT DIMENSIONS GROUP INC U S CORE EQUITY 1 PORT		2014-02-21	2020-12-01
	45000. DEERE JOHN CAP CORP MEDIUM TERM NTS-BOOKENTRY TRANCHE # TR 0045		2019-09-09	2020-03-06
	50000. DEERE JOHN CAP CORP MEDIUM TERM NTS-BOOKENTRY TRANCHE # TR 0046		2020-03-05	2020-09-23
	4. DENTSPLY SIRONA INC COM		2020-04-20	2020-04-28
	50000. DISNEY WALT CO 2.0% DUE 09-01-2029/09-06-2019 REG		2019-09-03	2020-06-05
	16. DORMAN PRODS INC COM		2019-03-27	2020-05-26
	26. DORMAN PRODS INC COM		2019-03-27	2020-08-10
	8. DORMAN PRODS INC COM		2019-03-27	2020-08-10
	27. DORMAN PRODS INC COM		2019-03-27	2020-10-07
	22. DRIL-QUIP INC		2019-03-27	2020-07-20
	38. DRIL-QUIP INC		2019-03-27	2020-11-03
	30000. DUKE ENERGY PROGRESS LLC 3.45% 03-15-2029		2019-03-04	2020-04-08
	10. EMERGENT BIOSOLUTIONS INC COM		2019-03-27	2020-05-26
	72. EMERGENT BIOSOLUTIONS INC COM		2019-03-27	2020-07-20
	22. EMERGENT BIOSOLUTIONS INC COM		2019-03-27	2020-08-10
	31. EMERGENT BIOSOLUTIONS INC COM		2019-03-27	2020-08-13
	11. EMERGENT BIOSOLUTIONS INC COM		2019-03-27	2020-10-07
	13. ENVESTNET INC COM STK		2019-04-03	2020-07-20
	11. ENVESTNET INC COM STK		2019-03-27	2020-08-10
	33. EPLUS INC COM		2019-03-27	2020-05-26
	15000. ESTEE LAUDER COS INC 2.6% DUE 04-15-2030/04-13-2020 REG		2020-04-07	2020-08-21
	42. EXPONENT INC COM STK		2019-11-15	2020-02-21
	15. EXPONENT INC COM STK		2019-03-27	2020-07-20
	50000. FHLB CONS BD DTD 09/02/2016 2.125 09-02-2026/03-02-2017		2016-08-22	2020-03-17
	45000. FFCB TRANCHE 00064 2.07 06-01-2023/06-01-2017		2016-06-01	2020-01-24
	45000. FFCB TRANCHE 00372 2 08-22-2025/08-22-2017		2016-08-10	2020-03-13
	50000. FEDERAL HOME LN MTG CORP 1.375% DUE 04-20-2020 REG		2018-03-09	2020-04-20
	.94 FIRST HORIZON NATIONAL CORP COM		2019-06-13	2020-07-02
	74. FIRST HORIZON NATIONAL CORP COM		2019-06-13	2020-11-03
	368. MFC FLEXSHARES TRUST QUALITY DIVID INDEXFD		2014-02-21	2020-05-01
	887. MFC FLEXSHARES TRUST QUALITY DIVID INDEXFD		2014-02-21	2020-06-01
	8. FORWARD AIR CORPORATION		2019-03-27	2020-07-20
	30. FORWARD AIR CORPORATION		2019-03-27	2020-10-07
	18. FORWARD AIR CORPORATION		2019-03-27	2020-11-03
	53. FRONTDOOR INC COM		2019-11-15	2020-02-21
	34. FRONTDOOR INC COM		2019-04-03	2020-05-22
	25. GENERAC HLDGS INC COM STK		2019-03-27	2020-02-18
	40. GENERAC HLDGS INC COM STK		2019-03-27	2020-04-29
	18. GENERAC HLDGS INC COM STK		2019-03-27	2020-06-15
	32. GENERAC HLDGS INC COM STK		2019-03-27	2020-06-25
	15. GLOBAL PMTS INC		2020-04-20	2020-05-22
	40000. GOLDMAN SACHS GROUP INC 3.75% DUE 02-25-2026/11-25-2025 REG		2016-02-22	2020-02-05
	9. HAMILTON LANE INC CL A CL A		2020-09-02	2020-11-03
	50000. HERSHEY CO 2.05% DUE 11-15-2024		2019-10-28	2020-05-27
	27. HOULIHAN LOKEY INC CL A CL A		2020-06-04	2020-10-07
	6. HOULIHAN LOKEY INC CL A CL A		2020-05-22	2020-11-03
	4. ICU MED INC COM		2019-03-27	2020-02-21
	9.00005 ICU MED INC COM		2019-03-27	2020-09-14
	5.99995 ICU MED INC COM		2019-03-27	2020-09-14
	65000. ILLINOIS TOOL WKS INC 3.5% DUE 03-01-2024 REG		2018-04-03	2020-02-24
	29. INTEGRA LIFESCIENCES CORP HLDGS NEW		2019-03-27	2020-05-26
	29. INTEGRA LIFESCIENCES CORP HLDGS NEW		2019-03-27	2020-10-07
	37. INTER PARFUMS INC COM		2019-03-27	2020-11-03
	57. INTER PARFUMS INC COM		2019-03-27	2020-12-03
	4. INTERCONTINENTAL EXCHANGE INC COM		2020-04-20	2020-04-28
	19. INTERCONTINENTAL EXCHANGE INC COM		2020-04-20	2020-05-20
	20. INTUIT		2020-04-20	2020-06-02
	13. INTUIT		2020-04-20	2020-08-04
	26. MFC ISHARES TR RUSSELL 2000 INDEX FD		2019-04-17	2020-05-01
	61. MFC ISHARES TR RUSSELL 2000 INDEX FD		2019-04-17	2020-06-01
	8. J & J SNACK FOODS CORP COM STK NPV		2019-03-27	2020-05-26
	11. J & J SNACK FOODS CORP COM STK NPV		2019-03-27	2020-09-14
	4. KEYSIGHT TECHNOLOGIES INC COM		2020-04-20	2020-04-28
	15. KINSALE CAP GROUP INC COM		2019-08-12	2020-02-21
	2. KINSALE CAP GROUP INC COM		2019-05-03	2020-05-22
	8. KINSALE CAP GROUP INC COM		2019-06-13	2020-07-20
	19. KINSALE CAP GROUP INC COM		2019-05-03	2020-08-10
	11. KINSALE CAP GROUP INC COM		2019-03-27	2020-12-03
	21. KIRBY EXPLORATION, INC.		2019-03-27	2020-11-03
	51. KIRBY EXPLORATION, INC.		2019-03-27	2020-12-03
	3. LABORATORY CORP AMER HLDGS NEW		2020-04-20	2020-04-28
	4. LANCASTER COLONY CORP		2019-03-27	2020-11-03
	20. LANDSTAR SYS INC		2019-03-27	2020-03-25
	20. MANHATTAN ASSOCS INC COM		2019-03-27	2020-03-25
	5. MANHATTAN ASSOCS INC COM		2019-03-27	2020-05-22
	27. MANHATTAN ASSOCS INC COM		2019-03-27	2020-06-04
	20. MANHATTAN ASSOCS INC COM		2019-03-27	2020-07-15
	17. MANHATTAN ASSOCS INC COM		2019-03-27	2020-07-20
	29. MANHATTAN ASSOCS INC COM		2019-03-27	2020-08-27
	50000. MASTERCARD INC 2.0% DUE 03-03-2025/12-03-2019 REG		2019-11-25	2020-04-27
	5. MESA LABS INC COM		2019-03-27	2020-03-25
	5. MESA LABS INC COM		2019-03-27	2020-10-07
	65000. METLIFE INC 3.048% DUE 12-15-2022/07-23-2021 REG		2012-09-28	2020-06-24
	40000. MITSUBISHI UFJ FINL GROUP INC 2.665% DUE07-25-2022 REG		2017-07-20	2020-08-04
	30. MOOG INC CL A		2019-03-27	2020-06-04
	20. MOOG INC CL A		2019-03-27	2020-08-10
	28. MOOG INC CL A		2019-03-27	2020-10-07
	4. MOOG INC CL A		2019-03-27	2020-11-03
	30. MORNINGSTAR INC COM STK		2019-03-27	2020-05-07
	15. MORNINGSTAR INC COM STK		2019-03-27	2020-06-18
	12. MORNINGSTAR INC COM STK		2019-03-27	2020-07-07
	10. MORNINGSTAR INC COM STK		2019-03-27	2020-08-14
	6. MORNINGSTAR INC COM STK		2020-05-26	2020-09-25
	19. MORNINGSTAR INC COM STK		2019-03-27	2020-09-25
	54662.98 MFB NORTHN MID CAP INDEX FD FD		2018-12-20	2020-04-20
	459.3 MFB NORTHN MID CAP INDEX FD FD		2019-12-19	2020-04-20
	676.14 MFB NORTHERN FDS GLOBAL REAL ESTATE INDEX FD		2019-04-17	2020-05-01
	1548.37 MFB NORTHERN FDS GLOBAL REAL ESTATE INDEX FD		2019-04-17	2020-06-01
	72727.74 MFB NORTHERN FDS GLOBAL REAL ESTATE INDEX FD		2019-04-17	2020-06-03
	427.61 MFB NORTHERN FDS STK INDEX FD		2019-04-17	2020-05-01
	996.18 MFB NORTHERN FDS STK INDEX FD		2019-04-17	2020-06-01
	5569.48 MFB NORTHERN FDS STK INDEX FD		2019-04-17	2020-06-03
	40000. OCCIDENTAL PETE CORP 2.6% DUE 04-15-2022/04-04-2016 REG		2016-03-28	2020-12-22
	50000. PNC FINL SVCS GROUP INC 2.6% DUE 07-23-2026/05-24-2026 REG		2019-07-18	2020-06-24
	68. PATTERSON COMPANIES INC		2019-03-27	2020-02-21
	54. PATTERSON COMPANIES INC		2019-03-27	2020-07-20
	25000. PHILIP MORRIS INTL INC 2.875% DUE 05-01-2024/05-01-2019 REG		2019-04-29	2020-04-29
	33. PINNACLE FINL PARTNERS INC COM		2019-06-13	2020-11-03
	26. POWER INTEGRATIONS INC		2019-11-15	2020-03-25
	6. POWER INTEGRATIONS INC		2019-03-27	2020-07-20
	8. POWER INTEGRATIONS INC		2019-03-27	2020-11-03
	55. PROSPERITY BANCSHARES INC COM		2019-03-27	2020-02-06
	21. QUALYS INC COM USD0.001		2020-02-20	2020-03-25
	15. R L I CORPORATION		2019-06-13	2020-03-25
	9. R L I CORPORATION		2019-06-13	2020-11-03
	4. RAYMOND JAMES FINANCIAL INC		2020-04-20	2020-04-28
	3. REPUBLIC SVCS INC		2020-04-20	2020-04-28
	50000. ROYAL BK CDA GLOBAL MEDIUM TERM SR BK NT2.25% DUE 11-01-2024		2019-10-21	2020-06-03
	20. SBA COMMUNICATIONS CORP COM USD0.01 CL A		2020-04-20	2020-07-14
	106. SALLY BEAUTY HLDGS INC COM STK USD0.01		2019-03-27	2020-06-04
	25000. SANTANDER UK PLC 3.75% DUE 11-15-2021 REG		2018-11-07	2020-01-08
	46. SCANSOURCE INC COM		2019-03-27	2020-02-27
	130. SCANSOURCE INC COM		2019-05-17	2020-02-28
	122. SENSIENT TECHNOLOGIES CORP COMMON		2019-03-27	2020-04-30
	50. SENSIENT TECHNOLOGIES CORP COMMON		2020-02-21	2020-04-30
	7. SENSIENT TECHNOLOGIES CORP COMMON		2020-02-21	2020-05-01
	49. SILGAN HOLDINGS INC COM		2019-05-21	2020-03-25
	8. SILGAN HOLDINGS INC COM		2019-05-21	2020-07-20
	23. SIMPSON MFG INC COMMON STOCK		2019-03-27	2020-05-26
	10. SIMPSON MFG INC COMMON STOCK		2019-03-27	2020-07-20
	8. SIMPSON MFG INC COMMON STOCK		2019-03-27	2020-08-10
	6. SKYWORKS SOLUTIONS INC		2020-04-20	2020-04-28
	22. SOUTHSTATE CORP COM		2019-03-27	2020-08-10
	32. SOUTHSTATE CORP COM		2019-03-27	2020-11-03
	65000. STATOIL ASA 2.45% DUE 01-17-2023 REG		2012-11-15	2020-06-24
	6. STEPAN CO		2019-03-27	2020-07-20
	9. STEPAN CO		2019-03-27	2020-11-03
	.5 STIFEL FINL CORP COM		2020-08-04	2020-12-17
	45000. SUMITOMO MITSUI FINL GROUP INC 2.632% DUE 07-14-2026 BEO		2016-08-19	2020-10-20
	13. SYNOPSYS INC		2020-04-20	2020-04-28
	17. SYNOPSYS INC		2020-04-20	2020-06-22
	40000. TD AMERITRADE HLDG CORP 3.75% DUE 04-01-2024/11-01-2018 REG		2018-10-30	2020-06-24
	20000. TD AMERITRADE HLDG CORP 2.75% DUE 10-01-2029/08-16-2019 REG		2019-08-13	2020-01-17
	79. TJX COS INC NEW		2020-04-20	2020-07-13
	40000. TEXAS INSTRS INC 2.25% DUE 09-04-2029		2019-08-26	2020-05-08
	35000. TORONTO DOMINION BK FIXED 3.25% 03-11-2024 REG		2019-03-04	2020-06-10
	45000. TOTAL CAP INTL 2.7% DUE 01-25-2023 REG		2012-09-18	2020-06-24
	117. UMPQUA HOLDINGS CORP		2019-03-27	2020-11-03
	4. UNIFIRST CORP MASS COM		2019-03-27	2020-05-26
	45000. U S BANCORP MEDIUM TERM NTS- BOOK ENTRY 2.375% DUE 07-22-2026/0		2016-07-19	2020-05-14
	30000. UNITED STATES TREAS 2.75% 02-15-2028		2018-12-26	2020-05-20
	50000. US TREAS NTS DTD 02-28-2018 2.25% DUE 02-29-2020		2018-05-29	2020-03-02
	50000. US TREAS NTS DTD 03-31-2018 2.25% DUE 03-31-2020 REG		2018-04-26	2020-03-31
	40000. UNITED STATES TREAS NTS DTD 05/31/2018 2.5% DUE 05-31-2020 REG		2018-11-08	2020-06-01
	50000. US TREASURY N/B 2.375% 05-15-2029		2019-06-20	2020-01-16
	50000. UNITED STATES TREAS NTS 2.375% DUE 12-31-2020		2019-09-25	2020-12-31
	25000. UNITED STATES TREAS NTS 1.5% DUE 01-31-2022		2015-02-02	2020-09-01
	60000. UNITED STATES TREAS NTS DTD 04/30/2015 1.375% DUE 04-30-2020 RE		2019-10-11	2020-04-30
	25000. UNITED STATES TREAS NTS DTD 00306 2.625%DUE 08-15-2020 REG		2010-10-25	2020-08-17
	25000. UNITED STATES TREAS NTS 2.625% DUE 11-15-2020 REG		2010-11-19	2020-11-16
	75000. UNITED STATES TREAS NTS 2.0% DUE 09-30-2020		2019-09-25	2020-09-30
	65000. UNITED STATES TREAS NTS 2.625% DUE 07-31-2020 REG		2018-08-23	2020-07-31
	50000. UNITEDHEALTH GROUP INC 2.875% DUE 08-15-2029 REG		2019-07-24	2020-05-13
	7. UNIVERSAL HEALTH REALTY INCOME TRUST		2019-03-27	2020-02-21
	45000. WALMART INC 2.85% DUE 07-08-2024/04-23-2019 REG		2019-04-17	2020-03-25
	20000. WALMART INC 2.375% DUE 09-24-2029		2019-09-19	2020-02-12
	573. WELBILT INC COM		2020-02-21	2020-03-25
	135. WOLVERINE WORLD WIDE INC		2019-03-27	2020-05-26
	82. WOLVERINE WORLD WIDE INC		2019-03-27	2020-09-14
	30. WOLVERINE WORLD WIDE INC		2019-03-27	2020-11-03
	4. WOODWARD GOVERNOR COMPANY		2020-07-15	2020-11-03
	13. WOODWARD GOVERNOR COMPANY		2020-07-15	2020-12-14
	52. WOODWARD GOVERNOR COMPANY		2020-05-01	2020-12-15
	2. RENAISSANCERE HOLDINGS LTD		2020-04-20	2020-04-28
	8. SENSATA TECHNOLOGIES B V HOLDING		2020-04-20	2020-04-28
	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
	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
	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
	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
	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
	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
	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
	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
	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
	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
	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
	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
	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
	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
	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
	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
	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
	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

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	253	157	96
b	986	800	186
c	232	178	54
d	56,632	52,187	4,445
e	8,382	8,251	131
	20,488	18,659	1,829
	1,198	1,433	-235
	953	1,067	-114
	2,022	1,741	281
	1,424	1,220	204
	1,948	1,564	384
	3,109	3,368	-259
	56,544	50,265	6,279
	50,997	50,199	798
	27,665	24,950	2,715
	53,444	49,959	3,485
	1,158	1,085	73
	42,904	42,908	-4
	52,577	49,678	2,899
	51,874	49,847	2,027
	255	256	-1
	1,670	1,171	499
	884	608	276
	898	538	360
	1,232	668	564
	1,068	1,069	-1
	4,266	3,208	1,058
	953	713	240
	52,997	49,938	3,059
	46,733	44,967	1,766
	1,520	1,478	42
	35,408	37,061	-1,653
	16,875	15,418	1,457
	51,000	49,913	1,087
	27,718	24,935	2,783
	2,048	1,988	60
	1,611	2,119	-508
	969	963	6
	1,910	1,734	176
	52,558	49,943	2,615
	358	338	20
	3,255	4,426	-1,171
	333	392	-59
	1,929	2,272	-343
	55,358	50,149	5,209
	8,107	8,993	-886
	20,204	21,412	-1,208
	8,083	6,212	1,871
	200	182	18
	6,115	5,239	876
	5,228	4,158	1,070
	1,592	1,134	458
	5,498	4,032	1,466
	388	424	-36
	1,329	1,602	-273
	883	649	234
	398	260	138
	1,050	1,155	-105
	2,445	1,926	519
	26,145	24,991	1,154
	25,755	24,991	764
	51,762	50,136	1,626
	2,002	3,102	-1,100
	699	931	-232
	4,090	4,675	-585
	52,064	49,957	2,107
	5,680	4,489	1,191
	5,304	3,979	1,325
	5,322	2,874	2,448
	2,659	1,290	1,369
	3,647	8,688	-5,041
	15,628	15,192	436
	39,612	29,630	9,982
	250,000	143,528	106,472
	46,850	44,890	1,960
	52,144	50,290	1,854
	168	165	3
	50,560	49,389	1,171
	1,105	1,388	-283
	2,168	2,255	-87
	667	694	-27
	2,546	2,342	204
	708	1,013	-305
	969	1,749	-780
	32,212	29,876	2,336
	843	498	345
	7,232	3,585	3,647
	2,740	1,095	1,645
	4,150	1,543	2,607
	1,199	548	651
	1,033	862	171
	975	711	264
	2,506	2,893	-387
	16,537	14,972	1,565
	3,412	2,561	851
	1,198	862	336
	50,000	50,000
	45,000	45,000
	45,000	45,000
	50,000	49,026	974
	9	15	-6
	804	1,181	-377
	14,403	12,126	2,277
	37,288	29,227	8,061
	392	509	-117
	1,816	1,909	-93
	1,186	1,146	40
	2,457	2,602	-145
	1,465	1,135	330
	2,767	1,268	1,499
	4,163	2,029	2,134
	1,991	913	1,078
	3,617	1,623	1,994
	2,659	2,222	437
	43,167	39,908	3,259
	644	643	1
	52,400	50,042	2,358
	1,643	1,612	31
	369	351	18
	864	936	-72
	1,732	2,106	-374
	1,155	1,404	-249
	69,722	66,164	3,558
	1,507	1,603	-96
	1,496	1,603	-107
	1,589	2,942	-1,353
	3,247	4,418	-1,171
	363	355	8
	1,779	1,686	93
	5,735	5,282	453
	4,030	3,433	597
	3,223	4,055	-832
	8,546	9,514	-968
	1,039	1,273	-234
	1,497	1,750	-253
	387	380	7
	1,894	1,399	495
	294	162	132
	1,304	705	599
	3,874	1,348	2,526
	2,594	751	1,843
	829	1,620	-791
	2,696	3,934	-1,238
	531	436	95
	703	631	72
	1,906	2,161	-255
	1,007	1,088	-81
	381	272	109
	2,392	1,468	924
	1,805	1,088	717
	1,622	924	698
	2,843	1,577	1,266
	51,595	49,880	1,715
	1,100	1,190	-90
	1,352	1,190	162
	68,829	66,084	2,745
	41,658	40,030	1,628
	1,849	2,581	-732
	1,230	1,721	-491
	1,807	2,409	-602
	264	344	-80
	4,303	3,671	632
	2,252	1,836	416
	1,787	1,469	318
	1,575	1,224	351
	918	847	71
	2,907	2,325	582
	789,333	921,297	-131,964
	6,632	8,837	-2,205
	5,768	7,316	-1,548
	13,920	16,753	-2,833
	683,641	772,615	-88,974
	13,889	14,338	-449
	34,996	33,402	1,594
	200,000	186,745	13,255
	40,200	39,980	220
	54,207	49,905	4,302
	1,545	1,472	73
	1,351	1,169	182
	26,228	24,862	1,366
	1,564	1,823	-259
	2,346	2,281	65
	741	414	327
	483	276	207
	4,006	3,769	237
	1,743	1,959	-216
	1,211	1,333	-122
	824	658	166
	274	247	27
	239	235	4
	52,359	49,889	2,470
	5,860	6,058	-198
	1,614	1,959	-345
	25,784	24,932	852
	1,344	1,650	-306
	3,647	4,496	-849
	5,847	8,217	-2,370
	2,396	2,969	-573
	327	392	-65
	1,315	1,480	-165
	282	242	40
	1,803	1,329	474
	884	578	306
	806	462	344
	611	557	54
	1,281	1,495	-214
	2,041	2,174	-133
	67,864	65,177	2,687
	589	523	66
	1,060	785	275
	24	16	8
	48,548	44,836	3,712
	1,985	1,976	9
	3,253	2,585	668
	44,244	39,912	4,332
	20,361	19,978	383
	4,013	3,787	226
	41,452	39,975	1,477
	37,928	34,955	2,973
	47,421	44,904	2,517
	1,535	1,951	-416
	724	590	134
	47,121	44,671	2,450
	34,930	29,876	5,054
	50,000	49,926	74
	50,000	49,783	217
	40,000	39,738	262
	52,506	51,699	807
	50,000	50,330	-330
	25,484	25,022	462
	60,000	59,916	84
	25,000	25,144	-144
	25,000	24,441	559
	75,000	75,114	-114
	65,000	65,015	-15
	53,428	50,091	3,337
	876	525	351
	45,970	44,971	999
	20,434	19,979	455
	2,594	8,956	-6,362
	2,883	4,781	-1,898
	2,224	2,904	-680
	860	1,062	-202
	350	317	33
	1,525	948	577
	6,078	3,043	3,035
	302	305	-3
	298	259	39
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884
			41,884

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			96
b			186
c			54
d			4,445
e			131
			1,829
			-235
			-114
			281
			204
			384
			-259
			6,279
			798
			2,715
			3,485
			73
			-4
			2,899
			2,027
			-1
			499
			276
			360
			564
			-1
			1,058
			240
			3,059
			1,766
			42
			-1,653
			1,457
			1,087
			2,783
			60
			-508
			6
			176
			2,615
			20
			-1,171
			-59
			-343
			5,209
			-886
			-1,208
			1,871
			18
			876
			1,070
			458
			1,466
			-36
			-273
			234
			138
			-105
			519
			1,154
			764
			1,626
			-1,100
			-232
			-585
			2,107
			1,191
			1,325
			2,448
			1,369
			-5,041
			436
			9,982
			106,472
			1,960
			1,854
			3
			1,171
			-283
			-87
			-27
			204
			-305
			-780
			2,336
			345
			3,647
			1,645
			2,607
			651
			171
			264
			-387
			1,565
			851
			336



			974
			-6
			-377
			2,277
			8,061
			-117
			-93
			40
			-145
			330
			1,499
			2,134
			1,078
			1,994
			437
			3,259
			1
			2,358
			31
			18
			-72
			-374
			-249
			3,558
			-96
			-107
			-1,353
			-1,171
			8
			93
			453
			597
			-832
			-968
			-234
			-253
			7
			495
			132
			599
			2,526
			1,843
			-791
			-1,238
			95
			72
			-255
			-81
			109
			924
			717
			698
			1,266
			1,715
			-90
			162
			2,745
			1,628
			-732
			-491
			-602
			-80
			632
			416
			318
			351
			71
			582
			-131,964
			-2,205
			-1,548
			-2,833
			-88,974
			-449
			1,594
			13,255
			220
			4,302
			73
			182
			1,366
			-259
			65
			327
			207
			237
			-216
			-122
			166
			27
			4
			2,470
			-198
			-345
			852
			-306
			-849
			-2,370
			-573
			-65
			-165
			40
			474
			306
			344
			54
			-214
			-133
			2,687
			66
			275
			8
			3,712
			9
			668
			4,332
			383
			226
			1,477
			2,973
			2,517
			-416
			134
			2,450
			5,054
			74
			217
			262
			807
			-330
			462
			84
			-144
			559
			-114
			-15
			3,337
			351
			999
			455
			-6,362
			-1,898
			-680
			-202
			33
			577
			3,035
			-3
			39

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	91,544
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

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

1 Reserved

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

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

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

Form 990-PF (2020)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	4,626
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	4,626
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	4,626
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	11,723
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	11,723
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	7,097
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax7,097	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

THE NORTHERN TRUST COMPANY Telephone no. bullet

(321) 630-6000

Located at bullet

PO BOX 803878CHICAGOIL ZIP+4 bullet

60680

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
THE NORTHERN TRUST COMPANY	TRUSTEE 40	93,452
PO BOX 803878 CHICAGO,IL60680	TRUSTEE 40	93,452

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


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









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

Form 990-PF (2020)

Page 7

Part VIII

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

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2020)

Page 8

Part X

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

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

purposes:

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

20,029,653

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

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

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

20,029,653

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

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

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

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

20,029,653

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

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

300,445

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

19,729,208

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

986,460

Part XI

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

and do not complete this part.)

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

986,460

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

4,626

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

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

4,626

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

981,834

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

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

981,834

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

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

981,834

Part XII

Qualifying Distributions (see instructions)

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

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

1,119,904

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

1,119,904

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

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

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

1,119,904

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

Form 990-PF (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					981,834
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......	387,881
b From 2016......	454,068
c From 2017......	264,915
d From 2018......	213,378
e From 2019......	340,829
fTotal of lines 3a through e........		1,661,071
4Qualifying distributions for 2020 from Part
XII, line 4: $ 1,119,904
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.....					981,834
e Remaining amount distributed out of corpus		138,070
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		1,799,141
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) ...		387,881
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		1,411,260
10 Analysis of line 9:
a Excess from 2016....	454,068
b Excess from 2017....	264,915
c Excess from 2018....	213,378
d Excess from 2019....	340,829
e Excess from 2020....	138,070

Form 990-PF (2020)

Page 10

Part XIV

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

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

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2020)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
THE THEOSOPHICAL ORDER OF SERVICE 1926 N MAIN ST WHEATON,IL60189	NONE	PUBLIC CHARITY	GENERAL	18,000
THE THEOSOPHICAL BOOK GIFT INSTITUTE PO BOX 270 WHEATON,IL60189	NONE	PUBLIC CHARITY	GENERAL	3,500
THE THEOSOPHICAL SOCIETY IN AMERICA 1926 NORTH MAIN ST WHEATON,IL60189	NONE	PUBLIC CHARITY	GENERAL	918,000
KROTONA INSTITUTE OF THEOSOPHY 2 KROTONA HILL OJAI,CA930233901	NONE	PUBLIC CHARITY	GENERAL	109,050
Total ................................. 3a				1,048,550

bApproved for future payment

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

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	302,803
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	91,544
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aDEFFERED INCOME			14	53,524
bPARTNERSHIP INCOME			14	2,486
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				450,357

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

450,357

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2020)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
NTCC INTL SECURITIES	5,118,705	5,074,232	4,146,471
NORTHERN TRUST PRIVATE EQUITY	723,077	955,417	1,138,301

Category	Amount	Net Investment Income
EXCISE TAXES	11,157	0
FOREIGN TAXES	401	401
IL DEPARTMENT OF REVENUE	102	0