Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE RAVITZ FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)10837 N 10TH STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PLAINWELL, MI49080
A Employer identification number

38-3508943
B Telephone number (see instructions)

(269) 382-2844
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$46,139,167J 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 19,383 19,383  
4 Dividends and interest from securities... 913,025 913,025  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,890,660
b Gross sales price for all assets on line 6a 23,686,609
7 Capital gain net income (from Part IV, line 2)... 1,890,660
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 2,823,068 2,823,068  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 215,250 95,537   119,713
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 23,587 10,441   13,146
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 28,500 14,250   14,250
c Other professional fees (attach schedule).... Click to see attachment 140,508 134,115   6,393
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 20,400 10,200   10,200
21 Travel, conferences, and meetings....... 1,114 557   557
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 16,114 8,345   7,769
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 445,473 273,445   172,028
25 Contributions, gifts, grants paid....... 1,888,600 1,888,600
26 Total expenses and disbursements. Add lines 24 and 25 2,334,073 273,445   2,060,628
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 488,995
b Net investment income (if negative, enter -0-) 2,549,623
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 446,328 695,296 695,296
2 Savings and temporary cash investments......... 520,722 1,257,527 1,257,527
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,890,173 Click to see attachment790,080 1,725,835
c Investments—corporate bonds (attach schedule)....... 8,872,293 Click to see attachment8,393,897 8,729,583
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 17,381,416 Click to see attachment19,459,352 33,730,926
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) 30,110,932 30,596,152 46,139,167
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment3,775 Click to see attachment0
23 Total liabilities (add lines 17 through 22)......... 3,775 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........ 19,798,753 19,798,753
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 10,308,404 10,797,399
29 Total net assets or fund balances (see instructions)..... 30,107,157 30,596,152
30 Total liabilities and net assets/fund balances (see instructions). 30,110,932 30,596,152
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
30,107,157
2
Enter amount from Part I, line 27a .....................
2
488,995
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
30,596,152
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
30,596,152
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 FROM K-1 INVESCO DB COMMODITY INDEX - OTHER GAINS      
b PUBLICLY TRADED SECURITIES - MORGAN STANELY - 142487      
c PUBLICLY TRADED SECURITIES - MORGAN STANELY - 142487      
d PUBLICLY TRADED SECURITIES - MORGAN STANELY - 049997      
e PUBLICLY TRADED SECURITIES - MORGAN STANELY - 049997      
PUBLICLY TRADED SECURITIES - MORGAN STANELY - 049986      
PUBLICLY TRADED SECURITIES - MORGAN STANELY - 049986      
(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 5,272   45,374 -40,102
b 311,758   306,132 5,626
c 2,042,099   2,018,565 23,534
d 940,000   940,000 0
e 4,090,774   3,084,590 1,006,184
10,333,931   10,277,516 56,415
5,962,775   5,123,772 839,003
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       -40,102
b       5,626
c       23,534
d       0
e       1,006,184
      56,415
      839,003
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 1,890,660
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 35,440
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 35,440
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 35,440
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 92,737
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 92,737
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 57,297
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet57,297 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMI
    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 ofbulletMR BRUCE GELBAUGH Telephone no.bullet (269) 382-2844

    Located atbullet10837 N 10TH STREETPLAINWELLMI ZIP+4bullet40980
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ARNOLD SHIFMAN - NO LONGER BOD DIRECTOR
    1.00     		0 0 0
    10837 N 10TH STREET
    PLAINWELL,MI40980
    LAWRENCE HANDLER DIRECTOR
    5.00     		5,000 0 0
    10837 N 10TH STREET
    PLAINWELL,MI40980
    STEVE MARGOLIN DIRECTOR
    1.00     		5,000 0 0
    10837 N 10TH STREET
    PLAINWELL,MI40980
    BURTON SHIFMAN PRESIDENT/DIRECTOR
    15.00     		19,250 2,750 0
    10837 N 10TH STREET
    PLAINWELL,MI40980
    CAROLE SHIFMAN PROGRAM DIRECTOR/DIRECTOR
    30.00     		87,250 2,750 0
    10837 N 10TH STREET
    PLAINWELL,MI40980
    JONATHAN AARON SECRETARY/DIRECTOR
    1.00     		5,000 0 0
    10837 N 10TH STREET
    PLAINWELL,MI40980
    BRUCE GELBAUGH TREASURER/DIRECTOR
    20.00     		91,250 2,750 0
    10837 N 10TH STREET
    PLAINWELL,MI40980
    BRIAN H AARON DIRECTOR
    1.00     		2,500 0 0
    10837 N 10TH STREET
    PLAINWELL,MI40980
    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
    MORGAN STANLEY INVESTMENT MANAGEMENT FEES 127,722
    40701 WOODWARD AVE SUITE 200
    BLOOMFIELD,MI48304
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    39,298,677
    b
    Average of monthly cash balances.......................
    1b
    2,713,620
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    42,012,297
    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
    42,012,297
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    630,184
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    41,382,113
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,069,106
    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
    2,069,106
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    35,440
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    35,440
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,033,666
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,033,666
    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
    2,033,666
    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
    2,060,628
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,060,628
    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
    2,060,628
    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 2,033,666
    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......  
    b From 2016...... 170,419
    c From 2017......  
    d From 2018...... 489,683
    e From 2019...... 306,195
    fTotal of lines 3a through e........ 966,297
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,060,628
    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..... 2,033,666
    e Remaining amount distributed out of corpus 26,962
    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 5 993,259
    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) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		993,259
    10 Analysis of line 9:
    a Excess from 2016.... 170,419
    b Excess from 2017....  
    c Excess from 2018.... 489,683
    d Excess from 2019.... 306,195
    e Excess from 2020.... 26,962
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALMOST HOME ANIMAL RESCUE
    25503 CLARA LANE
    SOUTHFIELD,MI48034     		  PC GENERAL SUPPORT 2,500
    AMERICAN FRIENDS OF MAGEN DAVID ADOM
    3175 COMMERICAL AVE STE 101
    NORTHBROOK,IL60062     		  PC GENERAL SUPPORT 1,000
    AMERICAN FRIENDS OF SUNRISE-ISREAL
    11 NEIL COURT
    OCEANSIDE,NY11572     		  PC GENERAL SUPPORT 1,000
    AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE
    220 EAST 42ND STREET SUITE 400
    NEW YORK,NY10017     		  PC GENERAL SUPPORT 5,000
    AMERICAN TECHNION SOCIETY
    55 EAST 59TH STREET
    NEW YORK,NY10022     		  PC GENERAL SUPPORT 128,000
    ANTI-DEFAMATION LEAGUE
    605 THIRD AVENUE
    NEW YORK,NY101583560     		  PC GENERAL SUPPORT 100,000
    BIG BROTHERS BIG SISTERS
    3501 COVINGTON ROAD
    KALAMAZOO,MI49001     		  PC GENERAL SUPPORT 35,000
    BOYS & GIRLS CLUBS OF GREATER KALAMAZOO
    915 LAKE STREET
    KALAMAZOO,MI49001     		  PC GENERAL SUPPORT 25,000
    BRILLIANT DETROIT
    5675 LARKINS ST
    DETROIT,MI48210     		  PC GENERAL SUPPORT 5,000
    CAMP MICHIGANIA
    3006 CAMP SHERWOOD RD
    BOYNE CITY,MI49712     		  PC GENERAL SUPPORT 7,500
    CARLSON PREMIERE REAL ESTATE
    34705 W 12 MILE RD 160
    FARMINGTON HILLS,MI48331     		  PC GENERAL SUPPORT 5,100
    COMFORT SALON FOUNDATION
    3627 MACNICHOL TRL
    WEST BLOOMFIELD,MI483231738     		  PC GENERAL SUPPORT 1,000
    CONGREGATION BETH SHALOM
    14601 WEST LINCOLN ROAD
    OAK PARK,MI482371333     		  PC GENERAL SUPPORT 1,000
    CONGREGATION OF B'NAI JACOBKOLLER INSTITUTE OF GREATER DETROIT
    15230 LINCOLN STREET
    OAK PARK,MI48237     		  PC GEBERAL SUPPORT 5,000
    EVANS SCHOLARS FOUNDATION
    2501 PATRIOT BOULEVARD
    GLENVIEW,IL600268022     		  PC GENERAL SUPPORT 5,000
    FAMILY & CHILDREN SERVICES
    1608 LAKE STREET
    KALAMAZOO,MI49001     		  PC GENERAL SUPPORT 5,000
    FRANKEL JEWISH ACADEMY
    6600 W MAPLE ROAD
    WEST BLOOMFIELD,MI48322     		  PC GENERAL SUPPORT 2,000
    FRIENDS OF ISRAEL DEFENCE FORCES
    PO BOX 4224
    NEW YORK,NY10163     		  PC GENERAL SUPPORT 2,000
    HABONIM DROR CAMP TAVOR
    4444 SECOND AVE
    DETROIT,MI48201     		  PC GENERAL SUPPORT 20,000
    HEBREW FREE LOAN
    6735 TELEGRAPH RD 300
    BLOOMFIELD HILLS,MI48301     		  PC GENERAL SUPPORT 50,000
    HILLEL CAMPUS ALLIANCE OF MICHIGAN
    360 CHARLES STREET
    EAST LANSING,MI48823     		  PC ENGAGEMENT ASSOCIATE AND PART TIME RABBI 115,000
    HILLEL CAMPUS ALLIANCE OF MICHIGAN
    361 CHARLES STREET
    EAST LANSING,MI48824     		  PC GENERAL SUPPORT 2,500
    HILLEL DAY SCHOOL
    32200 MIDDLEBELT ROAD
    FARMINGTON HILLS,MI48334     		  PC GENERAL SUPPORT 2,000
    HILLEL DAY SCHOOL
    32200 MIDDLEBELT ROAD
    FARMINGTON HILLS,MI48334     		  PC ANGEL FUND 5,000
    HILLEL OF METRO DETROIT
    5221 GULLEN MALL 667 SCB - WSU
    DETROIT,MI48202     		  PC SMALL CAMPUSES BIG IMPACT PROGRAM 45,000
    HILLEL OF METRO DETROIT
    5221 GULLEN MALL 667 SCB - WSU
    DETROIT,MI48202     		  PC GENERAL SUPPORT 5,000
    HOLOCAUST MEMORIAL CENTER
    28123 ORCHARD LAKE ROAD
    FARMINGTON HILLS,MI48334     		  PC OPERATIONS/SCHOOL TOUR 100,000
    HOLOCAUST MEMORIAL CENTER
    28123 ORCHARD LAKE ROAD
    FARMINGTON HILLS,MI48334     		  PC TEACHER TRAINING PROJECT 100,000
    ISRAEL CHILDRENS' CENTER
    3275 WEST HILLSBORO BLVD
    DEERFIELD BEACH,FL33442     		  PC YOUTH AT RISK PROGRAM 10,000
    ISRAEL RELIGIOUS ACTION CENTER
    520 EIGHT AVE 20TH FLOOR
    NEW YORK,NY10018     		  PC GENERAL SUPPORT 10,000
    JARC
    6735 TELEGRAPH ROAD STE 101
    BLOOMFIELD HIILS,MI48301     		  PC GENERAL SUPPORT 25,000
    JARCAJC
    6735 TELEGRAPH ROAD STE 101
    BLOOMFIELD HIILS,MI48301     		  PC GENERAL SUPPORT 60,000
    JEWISH FAMILY SERVICE
    6555 WEST MAPLE ROAD
    WEST BLOOMFIELD,MI48322     		  PC GENERAL SUPPORT 25,000
    JEWISH FAMILY SERVICE
    6555 WEST MAPLE ROAD
    WEST BLOOMFIELD,MI48322     		  PC EMERGENCY FAMILY ASSISTANCE 2,000
    JEWISH FEDERATION OF METROPOLITAN DETROIT
    6735 TELEGRAPH ROAD
    BLOOMFIELD HILLS,MI483032030     		  PC SMALL COMMUNITIES INITIATIVE 100,000
    JEWISH FEDERATION OF METROPOLITAN DETROIT
    6735 TELEGRAPH ROAD
    BLOOMFIELD HILLS,MI483032030     		  PC GENERAL SUPPORT 9,000
    JEWISH HISTORICAL SOCIETY OF MICHIGAN
    6600 W MAPLE ROAD
    WEST BLOOMFIELD,MI483223003     		  PC TRAVELING TRUNK 5,000
    JEWISH SENIOR LIFE
    6710 WEST MAPLE ROAD
    WEST BLOOMFIELD,MI48322     		  PC FOOD SUBSIDY PROGRAM 100,000
    JEWISH VOCATIONAL SERVICES JOB SEEKER PROGRAM
    6600 WEST MAPLE ROAD
    WEST BLOOMFIELD,MI48322     		  PC GENERAL SUPPORT 3,000
    KADIMA
    15999 W 12 MILE ROAD
    SOUTHFIELD,MI48076     		  PC FINANCIAL NEEDS FUND 60,000
    KALAMAZOO GOSPEL MISSION
    448 N BURDICK STREET
    KALAMAZOO,MI49007     		  PC GENERAL SUPPORT 5,000
    KALAMAZOO LOAVES & FISHES
    901 PORTAGE STREET
    KALAMAZOO,MI490013005     		  PC GROCERY PANTRY PROGRAM 35,000
    L'DOR V DOR NORTHERN MICHIGAN CONSORTIUM
    505 MICHIGAN ST
    PETOSKEY,MI49770     		  PC GENERAL SUPPORT 44,000
    LIMMUD NICHIGAN
    19785 WEST 12 MILE ROAD 521
    SOUTHFIELD,MI48076     		  PC SPEAKERS 5,000
    LNS JEWISH ARCHIVES
    3101 CLIFTON AVE
    CINCINNATI,OH45220     		  PC GENERAL SUPPORT 7,500
    MICHIGAN JEWISH SPORT HALL OF FAME
    2000 OAKLEY PARK RD 104A
    COMMERCE CHARTER TWP,MI48390     		  PC GENERAL SUPPORT 2,500
    MINISTRY WITH COMMUNITY
    440 N EDWARDS STREET
    KALAMAZOO,MI49007     		  PC GENERAL SUPPORT 5,000
    MOISHE HOUSE
    5007 PROVIDENCE ROAD
    CHARLOTTE,NC28226     		  PC STRENGTHENING JEWISH LIFE AND COMMUNITY 20,000
    NATIONAL COUNCIL OF JEWISH WOMEN
    26400 LAHSER ROAD SUITE 306
    SOUTHFIELD,MI480332675     		  PC BACK 2 SCHOOL STORE 15,000
    NATIONAL RAMAH COMMISSION INC
    3080 BROADWAY
    NEW YORK,NY10027     		  PC GENERAL SUPPORT 3,000
    NATIONAL RAMAH COMMISSION INC
    3080 BROADWAY
    NEW YORK,NY10027     		  PC GENERAL SUPPORT 1,000
    SIB4SIB
    29757 DEER RUN
    FARMINGTON HILLS,MI48331     		  PC GENERAL SUPPORT 2,500
    TAMARACK CAMPS
    6735 TELEGRAGH ROAD SUITE 380
    BLOOMFIELD HILLS,MI48301     		  PC CAMP SCHOLARSHIPS 200,000
    TAMARACK CAMPS
    6735 TELEGRAGH ROAD SUITE 380
    BLOOMFIELD HILLS,MI48301     		  PC GENERAL SUPPORT 5,000
    TEMPLE ISRAEL
    5725 WALNUT LAKE ROAD
    WEST BLOOMFIELD,MI48323     		  PC GENERAL SUPPORT 10,000
    THE DETROIT ZOOLOGICAL SOCIETY
    8450 W 10 MILE RD SUITE 1
    ROYAL OAK,MI48067     		  PC GENERAL SUPPORT 2,500
    THE WELL
    5725 WALNUT LAKE ROAD
    WEST BLOOMFIELD,MI48323     		  PC GENERAL SUPPORT 30,000
    UNIVERSITY OF MICHIGAN - HILLEL
    1429 HILL ST
    ANN ARBOR,MI48104     		  PC ENGAGEMENT AND EDUCATION EXPANSION 40,000
    UNIVERSITY OF MICHIGAN - HILLEL
    1430 HILL ST
    ANN ARBOR,MI48104     		  PC SHABBAT CAMPAIGN 83,000
    UNIVERSITY OF MICHIGAN - COMPREHENSIVE DEPRESSION CENTER
    4260 PLYMOUTH RD
    ANN ARBOR,MI48109     		  PC GENERAL SUPPORT 50,000
    UNIVERSITY OF MICHIGAN
    3003 SOUTH STATE STREET SUITE 8000
    ANN ARBOR,MI481091288     		  PC GENERAL SUPPORT 50,000
    UNIVERSITY OF MICHIGAN
    3003 SOUTH STATE STREET SUITE 8000
    ANN ARBOR,MI481091288     		  PC GENERAL SUPPORT 1,000
    UNIVERSITY OF MICHIGAN - DEARBORN
    4901 EVERGREEN RD
    DEARBORN,MI48128     		  PC GENERAL SUPPORT 20,000
    UNIVERSITY OF MICHIGAN
    3003 SOUTH STATE STREET SUITE 8000
    ANN ARBOR,MI481091288     		  PC GENERAL SUPPORT 10,000
    YAD EZRA
    2850 W 11 MILE ROAD
    BERKLEY,MI48072     		  PC GENERAL SUPPORT 52,000
    Total .................................bullet 3a 1,888,600
    bApproved for future payment
    BREAST CARE CLINIC AT U-M ROGEL CANCER CENTER
    1500 E MEDICAL CENTER DR
    ANN ARBOR,MI48109     		  PC GENERAL SUPPORT 50,000
    LIMMUD MICHIGAN
    19785 WEST 12 MILE ROAD 521
    SOUTHFIELD,MI48076     		  PC GENERAL SUPPORT 5,000
    Total .................................bullet 3b 55,000
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 19,383  
    4 Dividends and interest from securities....     14 913,025  
    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 1,890,660  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 2,823,068 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,823,068
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE RAVITZ FOUNDATION
    EIN:
    38-3508943
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PLANTE & MORAN 28,500 14,250   14,250

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE RAVITZ FOUNDATION
    EIN:
    38-3508943
    Name of Bond End of Year Book Value End of Year Fair Market Value
    3M CO 3.250% 02/14/2024 51,811 56,570
    ABBOTT LABORATORIES 3.75% 11/30/2026 107,270 108,944
    AFLAC INC 3.625% 06/15/2023 43,234 46,363
    ALL STATE CORP/THE 0.750% 12/15/2025 137,156 137,692
    ALPHABET INC 3.625% 05/19/2021 50,107 50,648
    AMAZON.COM INC 2.800% 08/22/2024 92,642 100,644
    AMERICAN EXPRESS CO 2.100% 09/12/2022 93,905 99,050
    AMERICAN HONDA FINANCE CORP 1.7% 09/09/2021 38,084 39,367
    AMERIPRISE FINANCIAL INC 3.700% 10/15/2024 51,823 57,991
    APPLE INCE 2.100% 09/12/2022 51,636 55,670
    BANK OF AMERICA CORP 4.450% 03/03/2026 144,246 153,853
    BERKSHIRE HATHAWAY INC 2.750% 03/15/2023 96,044 99,765
    BERKSHIRE HATHAWAY INC 3.000% 02/11/2023 150,795 158,246
    BK OF NEW YORK MELLON FXD TO 052022 VAR THRAFTR 2.6610% 250,184 257,643
    BP CAPITAL MARKETS PLC 3.506% 03/17/2025 49,271 54,698
    CATERPILLAR FINANCIAL SERVICE CORP 1.950% 11/18/2022 105,461 107,301
    CHARLES SCHWAB CORP/THE 2.650% 01/25/2023 51,230 55,521
    CHEVRON CORPORATION 3.326% 11/17/2025 204,423 224,260
    CHUBB INA HOLDINGS INC 2.875% 11/03/2022 44,106 45,866
    CISCO SYS INC 3.625% 03/04/2024 100,106 106,647
    CITIGROUP INC 2.312% 11/04/2022 137,145 137,157
    COCA-COLA CO/THE 2.875% 10/27/2025 148,917 166,325
    COCA-COLA CO/THE 2.250% 09/01/2026 136,525 136,726
    COMCAST CORP 3.150% 03/01/2026 147,691 148,489
    DUKE ENERGY FLORIDA 3.1% 08/15/2021 252,030 252,520
    DUKE ENERGY PROGRESS LCC 3.000% 09/15/2021 249,808 252,523
    ECOLAB INC 3.250% 01/14/2023 42,636 45,254
    EMERSON ELECTRIC CO 2.250% 09/15/2026 126,982 126,824
    EQUINOR ASA 2.750% 11/10/2021 37,123 37,745
    ERP OPERATING LP 3.000% 04/15/2023 42,985 46,332
    EXXON MOBIL CORP 3.176% 03/15/2024 51,174 56,088
    GENERAL DYNAMICS CORP 3.5% 05/15/2025 48,638 53,654
    GOLDMAN SACHS GROUP CO/THE 3.000% 04/26/2022 94,497 96,779
    HOME DEPOT INC 2.625% 06/01/2022-2022 250,551 257,805
    HOME DEPOT INC 3.35% 09/15/2025 95,384 103,602
    HONEYWELL 1.85% 11/01/2021-2021 247,140 252,960
    HONEYWELL INTERNATIONAL INC 2.500% 11/01/2026 147,162 147,920
    ILLINOIS TOOL WORKS INC 3.500% 03/01/2024 101,174 108,807
    INTEL CORP 3.3% 10/01/2021 36,271 36,799
    INTERNATIONAL BUSINESS MACHINES CORP 1.875% 08/01/2022 104,639 105,854
    JOHN DEERE CAPITAL CORP 2.700% 01/06/2023 43,094 46,123
    JOHNSON & JOHNSON 2.450% 03/01/2026 104,921 106,611
    JP MORGAN CHASE & CO 4.125% 08/30/2026 171,363 173,021
    LOCKHEED MARTIN CORP 3.550% 01/15/2026 103,143 109,046
    MERCK & CO INC 2.750% 02/10/2025 93,586 101,028
    MERCK & CO INC NEW 2.35% 02/10/2022 248,985 255,728
    METLIFE INC 3.600% 04/10/2024 52,038 57,152
    MICRSOFT CORP 2.000% 08/08/2023 92,849 99,095
    NEXTERA ENERGY CAPITAL HOLDINGS INC 2.750% 05/01/2025 146,487 147,129
    NIKE INC 2.375% 11/01/2026 127,215 127,962
    NOVARTIS CAPITAL CORP 3.400% 05/06/2024 92,773 99,828
    ORACLE CORP 1.9% 09/15/2021 96,336 97,977
    PEPSICO INC 2.25% 05/02/2022-2022 99,464 102,539
    PEPSICO INC 3.600% 03/01/2024 94,831 100,393
    PFIZER INC 3.000% 09/15/2021 96,366 97,902
    PHILIP MORRIS INTL INC 2.5% 08/22/2022 246,945 259,093
    PHILIP MORRIS INTL INC 3.375% 08/11/2025 49,403 55,608
    PROCTER & GAMBLE CO/THE 2.300% 02/06/2022 94,221 97,199
    PRUDENTIAL FINANCIAL INC 3.500% 05/15/2024 51,859 57,236
    REALTY INCOME CORP 55,820 57,340
    RIO TINTO FINANCE USA LTD 3.75% 06/15/2025 52,726 58,694
    SANOFI 3.375% 06/19/2023 51,073 54,700
    SHELL INTERNATIONAL FINANCE BV 3.250% 05/11/2025 97,070 103,084
    SIMON PROPERTY GROUP LP 2.750% 06/01/2023 43,587 47,298
    STATE STREET CORP 3.300% 12/16/2024 134,763 135,370
    SUNTRUST BANKS INC 2.9% 03/03/2021 42,958 43,089
    TARGET CORP 3.500% 07/01/2024 51,059 56,459
    TJX COS INC/THE 2.250% 09/01/2026 106,648 114,286
    TOTAL CAPITAL INTERNATIONAL SA 2.750% 06/19/2021 102,339 103,189
    TOYOTA MOTOR CREDIT CORP 3.4% 04/14/2025 49,327 54,605
    TRUIST FINANCIAL CORP 248,230 251,208
    UNITED PARCEL SERVICE 2.45% 10/01/2022 103,602 105,801
    UNITEDHEALTH GROUP INC 2.125% 03/15/2021 96,626 98,366
    VIRGINIA ELECTRIC & POWER CO 2.750% 03/15/2023 49,798 52,349
    WALMART INC 3.55% 06/26/2025 99,096 105,309
    WALT DISNEY CO 3.15% 09/17/2025 55,030 58,872
    WASTE MANAGEMENT INC 2.400% 05/15/2023 43,342 46,994
    WELLS FARGO & CO 2.1% 07/26/2021 250,041 252,523
    WELLS FARGO & CO 4.100% 06/03/2026 142,877 152,475

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE RAVITZ FOUNDATION
    EIN:
    38-3508943
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE PLC IRELAND CL A (CAN) 58,047 91,946
    ADOBE SYS INC 19,037 92,022
    ALPHABET INC CL C 27,009 85,842
    AMAZON COM INC 12,273 91,194
    AMGEN INC 33,619 89,899
    APPLE INC 21,752 100,181
    BERKSHIRE HATHAWAY CL B 39,393 79,068
    BLACKROCK INC 44,136 88,749
    ESTEE LAUDER CO INC CL A (EL) 51,944 95,296
    HOME DEPOT INC 33,595 74,374
    LABORATORY CP AMER HLDGS NEW (LH) 74,958 89,562
    MERCK & CO INC NEW 42,190 90,553
    MICROSOFT CORP 21,384 90,970
    NIKE INC CL B 44,643 92,663
    PAYPAL HLDGS INC 14,272 97,427
    PEPSICO INC 49,461 90,315
    RAYTHEON COMPANY 65,372 85,168
    TJX COS INC NEW (TJX) 72,103 92,260
    WALT DISNEY CO 64,892 108,346

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE RAVITZ FOUNDATION
    EIN:
    38-3508943
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALLY BK SANDY UTAH CD AT COST 175,798 175,900
    BANK HAPOALIM CD NEW YORK CITY NY CD AT COST 200,570 200,250
    BLACKROCK TECHNOLOGY OPP INST (BG SIX) AT COST 185,082 448,520
    DISCOVER GREENWOOD DE CD AT COST 151,342 151,478
    FIDELITY ADV INTL CAP APP I (FCPIX) AT COST 541,202 679,832
    FULLER&THALER BHV SMCP GW I (FTXSX) AT COST 171,256 269,771
    GLOBAL X COPPER MINERS ETF (COPX) AT COST 281,842 413,260
    INVESCO DB COMMODITY INDEX TRA (DBC) AT COST 416,432 500,976
    INVESTICO DEVELOPINGMKTS Y (CDVYX) AT COST 320,945 429,132
    INVESCO S&P 500 EQUAL WEIGHT E (RSP) AT COST 364,021 1,034,094
    ISHARES MORTGAGE REAL ESTATE C (REM) AT COST 220,433 257,270
    ISHARES S&P 500 GRWTH ETF (IVW) AT COST 2,286,567 7,934,613
    ISHARES S&P 500 VAL ETF (IVE) AT COST 4,593,455 7,877,839
    ISHARES SP SMALLCAP 600 INDEX (IJR) AT COST 680,425 1,697,301
    ISHARES US REAL ESTATE ETF (IYR) AT COST 493,903 641,433
    KRANESH BOSERA MSCI CHINA A (KBA) AT COST 180,040 206,505
    KRANESHARES CSI CHINA INTERNET (KWEB) AT COST 100,391 441,436
    MSIF GROWTH I (MSEQX) AT COST 218,282 443,870
    PROVIDENT BK AMESBURY MASS CD AT COST 99,975 100,002
    SPDR S&P REGIONAL BANKING ETF (KRE) AT COST 248,621 289,881
    SYNCHRONY BANK CD AT COST 101,094 101,191
    VANECK VECTORS GOLD MINERS E (GDX) AT COST 498,367 491,853
    VANGUARD DIVIDEND APPRECIATION (VIG) AT COST 165,932 411,793
    VANGUARD FTSE DEVELOPED MKTS E (VEA) AT COST 4,002,323 5,037,260
    VANGUARD FTSE EMERGING MKTS (VWO) AT COST 901,561 1,269,136
    VANGUARD INTL EQUITY INDEX FD (VEU) AT COST 772,718 998,890
    VANGUARD SHORT-TERM CORPORATE (VCSH) AT COST 651,349 654,345
    VANGUARD SM CAP VALUE ETF (VBR) AT COST 259,264 325,661
    VIRTUS KAR SMALL-CAP GROWTH (PXSGX) AT COST 176,162 247,434

    TY 2020 OtherExpensesSchedule
    Name:
    THE RAVITZ FOUNDATION
    EIN:
    38-3508943
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ASSOCIATION DUES 764 0   764
    INSURANCE 13,335 6,667   6,668
    OFFICE EXPENSE 673 336   337
    INVESTMENT EXPENSES FROM K-1S 1,342 1,342   0


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE RAVITZ FOUNDATION
    EIN:
    38-3508943
    Description Beginning of Year - Book Value End of Year - Book Value
    ACCRUED STATE WITHHOLDING 3,775 0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE RAVITZ FOUNDATION
    EIN:
    38-3508943
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 127,722 127,722   0
    CONSULTANT 12,786 6,393   6,393