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
WALTER SCOTT FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)10340 NORTH 84TH STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OMAHA, NE681222216
A Employer identification number

47-1116371
B Telephone number (see instructions)

(402) 341-6000
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$1,329,787,239J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 9,989,117 9,989,117  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 73,596,925
b Gross sales price for all assets on line 6a 156,894,880
7 Capital gain net income (from Part IV, line 2)... 73,596,925
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)....... Click to see attachment 5,103,011 -2,043,063 0
12 Total. Add lines 1 through 11........ 88,689,053 81,542,979 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 8,340 4,170 0 4,170
c Other professional fees (attach schedule).... Click to see attachment 929,082 679,082 0 250,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 937,422 683,252 0 254,170
25 Contributions, gifts, grants paid....... 72,147,100 72,147,100
26 Total expenses and disbursements. Add lines 24 and 25 73,084,522 683,252 0 72,401,270
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 15,604,531
b Net investment income (if negative, enter -0-) 80,859,727
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 166,150,103 93,658,467 93,658,467
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) bullet100,000,450
Less: allowance for doubtful accounts bullet0 108,510,450 Click to see list of attachments100,000,450 100,000,450
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)....... 119,926,605 Click to see attachment132,286,298 857,212,150
c Investments—corporate bonds (attach schedule)....... 103,626,802 Click to see attachment198,707,326 205,276,092
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 26,792,356 Click to see attachment71,898,934 73,640,080
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) 525,006,316 596,551,475 1,329,787,239
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 525,006,316 596,551,475
29 Total net assets or fund balances (see instructions)..... 525,006,316 596,551,475
30 Total liabilities and net assets/fund balances (see instructions). 525,006,316 596,551,475
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
525,006,316
2
Enter amount from Part I, line 27a .....................
2
15,604,531
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
55,940,628
4
Add lines 1, 2, and 3 ..........................
4
596,551,475
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
596,551,475
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 AMERICAN TOWER CORP 3.500 01/31/2023      
b AT T INC 3.950 01/15/2025      
c BROADCOM INC SER 144A 3.459 09/15/2026      
d CAMPBELL SOUP CO 3.650 03/15/2023      
e CARLISLE COMPANIES INC 3.750 11/15/2022      
CDW LLC CDW FINANCE 5.000 09/01/2025      
CINEMARK USA INC 4.875 06/01/2023      
DAVITA INC 5.125 07/15/2024      
DAVITA HEALTHCARE PARTNE 5.000 05/01/2025      
DISCOVERY COMMUNICATIONS 2.950 03/20/2023      
DOLLAR TREE INC 3.700 05/15/2023      
EXPEDIA INC 3.800 02/15/2028      
EXPEDIA INC 4.500 08/15/2024      
EXPEDIA INC 5.950 08/15/2020      
GAP INC THE 5.950 04/12/2021      
KLA TENCOR CORP 4.125 11/01/2021      
KOHLS CORPORATION 3.250 02/01/2023      
MASCO CORP 3.500 04/01/2021      
MOTOROLA SOLUTIONS INC 3.750 05/15/2022      
QORVO INC 5.500 07/15/2026      
QVC INC 4.375 03/15/2023      
REYNOLDS AMERICAN INC 4.850 09/15/2023      
SALLY HOLDINGS SALLY CAP 5.500 11/01/2023      
SALLY HOLDINGS SALLY CAP 5.625 12/01/2025      
SBA COMMUNICATIONS CORP 4.875 07/15/2022      
SERVICE CORP INTL 5.375 05/15/2024      
TEMPUR SEALY INTL INC 5.625 10/15/2023      
TENGA INC 6.375 10/15/2023      
TRANSDIGM INC6.500 05/15/2025      
TRANSDIGM INC 6.500 07/15/2024      
U S TREASURY NOTE 1.375 02/29/2020      
U S TREASURY NOTE 1.500 05/31/2020      
U S TREASURY NOTE 2.375 04/30/2020      
U S TREASURY NOTE 2.625 08/31/2020      
U S TREASURY NOTE 3.500 05/15/2020      
UNITED RENTAL NORTH AM 5.500 07/15/2025      
VALVOLINE INC 5.500 07/15/2024      
VERISK ANALYTICS INC 4.000 06/15/2025      
ZIMMER BIOMET HOLDINGS INC SR GLBL NT 26 3.050 01/15/2026      
ZIMMER HOLDINGS INC 3.550 04/01/2025      
AMERICAN TOWER CORP 4.700 03/15/2022      
BECTON DICKINSON AND CO 2.894 06/06/2022      
DOLLAR TREE INC 3.700 05/15/2023      
EXPEDIA INC 4.500 08/15/2024      
KOHLS CORPORATION 9.500 05/15/2025      
MASCO CORP 3.500 04/01/2021      
REYNOLDS AMERICAN INC 4.850 09/15/2023      
STEEL DYNAMICS INC 4.125 09/15/2025      
TEMPUR SEALY INTL INC 5.625 10/15/2023      
UNITED RENTALS NORTH AM 4.625 10/15/2025      
BERKSHIRE HATHAWAY ENERGY CO      
GOLDENROD P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 455,951   425,672 30,279
b 3,390,783   3,009,621 381,162
c 726   700 26
d 3,192,264   3,026,614 165,650
e 421,388   402,407 18,981
1,191,733   1,154,372 37,361
3,661,410   3,721,454 -60,044
1,532,740   1,532,740 0
1,638,975   1,638,975 0
232,814   226,317 6,497
410,875   398,792 12,083
1,509,030   1,416,339 92,691
1,608,912   1,500,939 107,973
1,461,645   1,462,177 -532
3,095,721   3,060,883 34,838
1,041,024   1,010,565 30,459
788,068   759,249 28,819
1,656,042   1,637,833 18,209
964,089   919,926 44,163
3,391,916   3,377,192 14,724
1,540,186   1,475,264 64,922
415,877   387,020 28,857
473,341   575,790 -102,449
2,363,145   3,049,691 -686,546
3,030,497   3,002,654 27,843
1,968,657   1,868,058 100,599
1,024,201   1,021,546 2,655
2,959,582   2,952,927 6,655
1,587,425   1,693,511 -106,086
1,857,375   1,820,061 37,314
4,119,356   4,118,154 1,202
2,584,171   2,577,729 6,442
4,327,436   4,322,637 4,799
387,331   387,294 37
266,221   265,749 472
1,696,403   1,691,644 4,759
1,061,034   1,058,700 2,334
468,761   424,474 44,287
414,025   415,938 -1,913
2,183,871   2,159,571 24,300
436,404   436,208 196
358,003   357,116 887
538,536   537,039 1,497
2,547,210   2,490,016 57,194
627,997   583,632 44,365
187,381   187,381 0
449,416   447,097 2,319
2,943,497   2,943,497 0
1,300,025   1,300,025 0
3,028,465   3,028,465 0
75,000,100   3,685,335 71,314,765
3,102,845   1,350,965 1,751,880
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       30,279
b       381,162
c       26
d       165,650
e       18,981
      37,361
      -60,044
      0
      0
      6,497
      12,083
      92,691
      107,973
      -532
      34,838
      30,459
      28,819
      18,209
      44,163
      14,724
      64,922
      28,857
      -102,449
      -686,546
      27,843
      100,599
      2,655
      6,655
      -106,086
      37,314
      1,202
      6,442
      4,799
      37
      472
      4,759
      2,334
      44,287
      -1,913
      24,300
      196
      887
      1,497
      57,194
      44,365
      0
      2,319
      0
      0
      0
      71,314,765
      1,751,880
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 73,596,925
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 1,123,950
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,123,950
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,123,950
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,168,047
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 1,168,047
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 44,097
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet44,097 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)
    bullet
    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
    Yes
     
    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 ofbulletCHRISTI ANNIN Telephone no.bullet (402) 502-1122

    Located atbullet10340 NORTH 84TH STREETOMAHANE ZIP+4bullet681222216
    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
     
     
    ........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
    MOGENS BAY TRUSTEE
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    GREG ABEL TRUSTEE
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    MIKE FAUST TRUSTEE
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    CALVIN SISSON PRESIDENT & CEO
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    RICH EAKIN VICE PRESIDENT
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    CHRISTI ANNIN DIRECTOR OF FINANCE
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    WALTER SCOTT JR TRUSTEE (CHAIRMAN)
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    KAREN DIXON TRUSTEE
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    SANDRA PARKER TRUSTEE
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    AMY SCOTT TRUSTEE
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    W DAVID SCOTT TRUSTEE
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    SUSAN MORRIS TRUSTEE
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    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
    SUZANNE & WALTER SCOTT FOUNDATION SHARED SERVICES 500,000
    10340 N 84TH ST
    OMAHA,NE68122
    DOLAN MCENIRY INVESTMENT 369,677
    120 N LASALLE ST 1510
    CHICAGO,IL60602
    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
    1,177,519,213
    b
    Average of monthly cash balances.......................
    1b
    148,167,902
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,325,687,115
    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
    1,325,687,115
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    19,885,307
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,305,801,808
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    65,290,090
    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
    65,290,090
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,123,950
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,123,950
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    64,166,140
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    64,166,140
    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
    64,166,140
    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
    72,401,270
    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
    72,401,270
    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
    72,401,270
    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 64,166,140
    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......  
    c From 2017...... 532,796
    d From 2018...... 3,591,641
    e From 2019...... 5,867,290
    fTotal of lines 3a through e........ 9,991,727
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 72,401,270
    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..... 64,166,140
    e Remaining amount distributed out of corpus 8,235,130
    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 18,226,857
    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 ......     		18,226,857
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 532,796
    c Excess from 2018.... 3,591,641
    d Excess from 2019.... 5,867,290
    e Excess from 2020.... 8,235,130
    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).)
    WALTER SCOTT JR
    KAREN DIXON
    SANDRA PARKER
    AMY SCOTT
    W DAVID SCOTT
    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
    ALASKA RAPTOR CENTER
    1000 RAPTOR WAY
    SITKA,AK99835     		NONE PC OPERATING SUPPORT 75,000
    AMY L SCOTT FAMILY FOUNDATION
    10340 N 84TH ST
    OMAHA,NE68122     		NONE SO I OPERATING SUPPORT 4,068,400
    BOYS & GIRLS CLUB OF THE MIDLANDS
    2610 HAMILTON ST
    OMAHA,NE68131     		NONE PC CAPITAL CAMPAIGN 500,000
    DIXON FAMILY FOUNDATION
    10340 N 84TH ST
    OMAHA,NE68122     		NONE SO I OPERATING SUPPORT 4,068,400
    DOWNTOWN RIVERFRONT TRUST
    C/O HERITAGE SERVICES 10050 REGENCY
    CIRCLE SUITE 101
    OMAHA,NE681143721     		NONE SO I CAPITAL CAMPAIGN 356,000
    JOSLYN ART MUSEUM
    2200 DODGE STREET
    OMAHA,NE68102     		NONE PC CAPITAL CAMPAIGN 750,000
    LAKE CUNNINGHAM DEVELOPMENT TRUST
    17950 BURT ST
    OMAHA,NE68118     		NONE PC CAPITAL CAMPAIGN 2,500,000
    LORI & DAVID SCOTT FOUNDATION
    10340 N 84TH ST
    OMAHA,NE68122     		NONE SO I OPERATING SUPPORT 4,068,400
    MECA
    455 N 10TH STREET
    OMAHA,NE681021151     		NONE SO I CAPITAL CAMPAIGN 4,000,000
    NEBRASKA METHODIST HOPSITAL FOUNDATION
    8701 WEST DODGE ROAD SUITE 450
    OMAHA,NE68114     		NONE PC EMERGENCY DEPARTMENT EXPANSION 1,000,000
    NORTHSTAR FOUNDATION
    4242 NORTH 49TH AVENUE
    OMAHA,NE68104     		NONE PC CAPITAL CAMPAIGN 1,300,000
    OMAHA SHELTER FOR HOMELESS TRUST
    10050 REGENCY CIR STE 101
    OMAHA,NE68114     		NONE PC CAPITAL CAMPAIGN 2,249,800
    OMAHA SYMPHONY ASSOCIATION
    1905 HARNEY ST STE 400
    OMAHA,NE68102     		NONE PC OPERATING SUPPORT 500,000
    OMAHA ZOO FOUNDATION
    3701 S 10TH ST
    OMAHA,NE68107     		NONE SO I CAPITAL CAMPAIGN 19,000,100
    PARKER FAMILY FOUNDATION
    10340 N 84TH ST
    OMAHA,NE68122     		NONE SO I OPERATING SUPPORT 4,068,400
    SINGER FOUNDATION
    10340 N 84TH ST
    OMAHA,NE68122     		NONE SO I OPERATING SUPPORT 5,000,100
    SUZANNE & WALTER SCOTT FOUNDATION
    10340 N 84TH ST
    OMAHA,NE681222216     		NONE SO I OPERATING SUPPORT, OMAHA AWARD AND PROGRAM SUPPORT 18,042,500
    THE DURHAM MUSEUM
    801 S 10TH ST
    OMAHA,NE68108     		NONE PC CAPITAL CAMPAIGN 100,000
    US CHAMBER OF COMMERCE FOUNDATION
    1615 H ST
    WASHINGTON,DC20062     		NONE PC CAPITAL CAMPAIGN 500,000
    Total .................................bullet 3a 72,147,100
    bApproved for future payment
    CHILDREN'S HOSPITAL & MEDICAL CENTER FOUNDATION
    8200 DODGE STREET
    OMAHA,NE68114     		NONE PC CAPITAL CAMPAIGN 1,000,000
    MECA
    455 N 10TH STREET
    OMAHA,NE681021151     		NONE SO I CAPITAL CAMPAIGN 3,500,000
    DOWNTOWN RIVERFRONT TRUST
    C/O HERITAGE SERVICES 10050 REGENCY
    CIRCLE SUITE 101
    OMAHA,NE681143721     		NONE SO I CAPITAL CAMPAIGN 25,000,000
    Total .................................bullet 3b 29,500,000
    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 ...........     		         
    4 Dividends and interest from securities....     14 9,989,117  
    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.....     18 5,863,216 398,371
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 73,596,925  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARTNERSHIP INVESTMENTS     		  -1,158,576      
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -1,158,576 89,449,258 398,371
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    88,689,053
    (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.)
    7 TAX REFUND
    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:
    WALTER SCOTT FAMILY FOUNDATION
    EIN:
    47-1116371
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 8,340 4,170 0 4,170

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    WALTER SCOTT FAMILY FOUNDATION
    EIN:
    47-1116371
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMC NETWORKS INC 4.750 08/01/2025 3,202,684 3,276,757
    AMC NETWORKS INC 5.000 04/01/2024 265,350 309,956
    AMERICAN TOWER CORP 3.500 01/31/2023 1,056,818 1,136,502
    AMERICAN TOWER CORP 4.000 06/01/2025 1,519,420 1,680,532
    AT T INC 4.100 02/15/2028 2,787,859 2,826,287
    BOOKING HOLDINGS INC 3.600 06/01/2026 3,201,058 3,334,667
    BROADCOM INC SR GLBL NT 26 3.459 09/15/2026 2,953,664 3,414,116
    CARLISLE COMPANIES INC 3.750 11/15/2022 1,250,147 1,304,247
    CARLISLE COS INC 3.500 12/01/2024 1,358,355 1,509,399
    CDK GLOBAL INC 4.875 06/01/2027 330,463 331,270
    CDK GLOBAL INC 5.875 06/15/2026 3,000,627 3,040,263
    CDW LLC CDW FINANCE 4.125 05/01/2025 1,305,475 1,309,817
    CDW LLC CDW FINANCE 4.250 04/01/2028 1,941,270 2,042,896
    CENTURYLINK INC 6.450 06/15/2021 3,071,545 3,192,237
    CITRIX SYSTEMS INC 4.500 12/01/2027 2,665,127 2,890,411
    COACH INC 4.250 04/01/2025 2,606,745 3,656,205
    DISCOVERY COMMUNICATIONS 2.950 03/20/2023 250,885 261,288
    DISCOVERY COMMUNICATIONS 3.950 03/20/2028 2,570,590 2,613,518
    DOLLAR TREE INC 3.700 05/15/2023 1,173,539 1,209,620
    DOLLAR TREE INC 4.000 05/15/2025 269,826 289,078
    DOLLAR TREE INC 4.200 05/15/2028 1,240,102 1,319,898
    ENCOMPASS HEALTH CORP 4.500 02/01/2028 1,277,143 1,274,900
    HP INC 3.000 06/17/2027 3,208,010 3,317,954
    IHS MARKIT LTD 4.750 08/01/2028 3,116,889 3,343,604
    KLA TENCOR CORP 4.650 11/01/2024 2,032,700 2,179,710
    KOHLS CORPORATION 3.250 02/01/2023 1,260,198 1,325,938
    KOHLS CORPORATION 4.250 07/17/2025 1,005,653 1,081,340
    KOHLS CORPORATION 9.500 05/15/2025 349,664 442,314
    KRAFT HEINZ FOODS CO 3.950 07/15/2025 3,052,063 3,345,658
    LAMAR MEDIA CORP 3.750 02/15/2028 1,077,948 1,099,639
    MASCO CORP 4.375 04/01/2026 1,584,986 1,607,920
    MASCO CORP 4.450 04/01/2025 1,165,473 1,196,278
    MICROCHIP TECHNOLOGY INC 4.333 06/01/2023 2,303,044 2,420,492
    MICROCHIP TECHNOLOGY INC SER 144A 2.670 09/01/2023 822,487 836,688
    MOLSON COORS BREWING CO 3.000 07/15/2026 356,960 364,117
    MOTOROLA SOLUTIONS INC 4.000 09/01/2024 1,064,525 1,204,449
    MOTOROLA SOLUTIONS INC 4.600 02/23/2028 1,011,144 1,070,103
    MOTOROLA SOLUTIONSINC 3.500 03/01/2023 561,654 593,978
    OUTFRONT MEDIA CAP LLC C 5.625 02/15/2024 2,939,851 3,065,850
    QVC INC 4.450 02/15/2025 273,310 322,476
    QVC INC 4.850 04/01/2024 3,065,839 3,209,872
    REYNOLDS AMERICAN INC 4.850 09/15/2023 2,604,399 2,829,516
    SBA COMMUNICATIONS CORP 4.875 09/01/2024 3,220,639 3,201,303
    SERVICE CORP INTL 4.625 12/15/2027 1,901,839 1,903,155
    SERVICE CORP INTL 5.125 06/01/2029 273,139 274,660
    SILGAN HOLDINGS INC 4.125 02/01/2028 1,082,409 1,085,494
    STEEL DYNAMICS INC SR NT 2.400 06/15/2025 493,037 492,109
    TEMPUR SEALY INTL INC 5.500 06/15/2026 2,048,744 2,113,662
    TEMPUR SEALY INTL INC 5.625 10/15/2023 1,250,323 1,271,329
    TRINITY ACQUISITION PLC 3.500 09/15/2021 2,717,070 2,773,832
    TRINITY ACQUISITION PLC 4.625 08/15/2023 316,445 343,808
    UNITED RENTALS NORTH AM 5.500 05/15/2027 3,357,451 3,418,650
    VALVOLINE INC 4.375 08/15/2025 3,362,337 3,419,501
    VERISK ANALYTICS INC 4.000 06/15/2025 2,524,276 2,788,954
    WESCO DISTRIBUTION INC 5.375 12/15/2021 1,809,166 1,832,099
    WESCO DISTRIBUTIONS INC5.375 06/15/2024 1,565,799 1,589,775
    WESTERN DIGITAL CORP 4.750 02/15/2026 2,938,791 3,307,265
    ZIMMER BIOMET HOLDINGS INC SR GLBL NT 26 3.050 01/15/2026 1,767,166 1,808,330
    ZIMMER HOLDINGS INC 3.550 04/01/2025 928,419 1,039,419
    ALTRIA GROUP INC 2.850 08/09/2022 2,966,759 2,972,130
    AMC NETWORKS INC 5.000 04/01/2024 2,945,409 2,941,027
    AMERICAN TOWER CORP 4.700 03/15/2022 2,471,414 2,470,217
    AT&T INC 2.625 12/01/2022 2,520,302 2,519,650
    BALL CORP 4.000 11/15/2023 2,948,898 2,967,090
    BECTON DICKINSON AND CO 2.894 06/06/2022 2,057,435 2,060,045
    CA INC 4.500 08/15/2023 2,965,295 2,995,933
    CARRIER GLOBAL CORPORATION 1.923 02/15/2023 959,395 959,088
    CDK GLOBAL INC 5.000 10/15/2024 2,879,697 2,850,158
    CDW LLC CDW FINANCE 5.500 12/01/2024 2,947,568 2,962,674
    CENTURYLINK INC 5.800 03/15/2022 2,905,461 2,917,958
    COACH INC 3.000 07/15/2022 3,008,880 3,089,621
    DISCOVERY COMMUNICATIONS 3.800 03/13/2024 2,923,476 2,938,332
    DOLLAR TREE INC 3.700 05/15/2023 2,446,189 2,457,776
    FISERV INC 2.750 07/01/2024 2,965,465 2,986,210
    FORTUNE BRANDS HOME SE 4.000 09/21/2023 2,695,877 2,699,930
    HEALTHSOUTH CORP 5.125 03/15/2023 729,570 726,059
    HILLENBRAND INC SR NT 5.750 06/15/2025 931,615 934,200
    IHS MARKIT LTD 4.125 08/01/2023 2,979,660 2,987,900
    KLA TENCOR CORP 4.650 11/01/2024 2,929,390 2,928,666
    KOHLS CORPORATION 9.500 05/15/2025 2,321,408 2,520,285
    KRAFT HEINZ FOODS CO 4.000 06/15/2023 2,903,862 2,893,457
    LAB CORP OF AMER HLDGS 3.750 08/23/2022 2,683,992 2,686,385
    MASCO CORP 5.950 03/15/2022 1,617,883 1,618,435
    MICROCHIP TECHNOLOGY INC 4.333 06/01/2023 2,939,838 2,980,150
    MOTOROLA SOLUTIONS INC 4.000 09/01/2024 1,739,236 1,748,575
    OUTFRONT MEDIA CAP LLC C 5.625 02/15/2024 2,929,586 2,927,138
    PRICELINE GROUP INC THE 2.750 03/15/2023 2,943,846 2,954,610
    QVC INC 4.375 03/15/2023 2,437,367 2,464,563
    REYNOLDS AMERICAN INC 4.850 09/15/2023 2,462,723 2,483,773
    SBA COMMUNICATIONS CORP 4.875 09/01/2024 2,924,551 2,930,511
    STEEL DYNAMICS INC SR NT 2.400 06/15/2025 1,057,901 1,062,870
    TEMPUR SEALY INTL INC 5.625 10/15/2023 1,614,384 1,617,870
    TOTAL SYSTEM SERVICES IN 3.750 06/01/2023 2,983,401 2,990,866
    TRINITY ACQUISITION PLC 3.500 09/15/2021 1,431,314 1,446,464
    TRINITY ACQUISITION PLC 4.625 08/15/2023 1,041,012 1,046,853
    VALVOLINE INC 4.375 08/15/2025 2,927,650 2,939,263
    VERISK ANALYTICS INC 5.800 05/01/2021 2,914,671 2,912,974
    ZIMMER HOLDINGS INC 3.150 04/01/2022 2,942,407 2,941,281

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    WALTER SCOTT FAMILY FOUNDATION
    EIN:
    47-1116371
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BERKSHIRE HATHAWAY ENERGY CO 27,169,646 566,215,300
    BERKSHIRE HATHAWAY INC BL B 105,116,652 290,996,850

    TY 2020 InvestmentsOtherSchedule2
    Name:
    WALTER SCOTT FAMILY FOUNDATION
    EIN:
    47-1116371
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PARTNERSHIP INVESTMENT AT COST 71,898,934 73,640,080

    TY 2020 OtherIncomeSchedule2
    Name:
    WALTER SCOTT FAMILY FOUNDATION
    EIN:
    47-1116371
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    NET GAIN/(LOSS) ON PARTNERSHIP INVESTMENTS 5,863,216 -2,043,063  
    TAX REFUND 398,371 0  
    PARTNERSHIP INVESTMENTS -1,158,576 0 0


    TY 2020 OtherIncreasesSchedule
    Name:
    WALTER SCOTT FAMILY FOUNDATION
    EIN:
    47-1116371
    Description Amount
    FMV TO CASH ADJ - STOCK DISTRIBUTIONS 55,940,628


    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 OtherNotesLoansRcvblLongSch
    Name:
    WALTER SCOTT FAMILY FOUNDATION
    EIN:
    47-1116371

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    BERKSHIRE HATHAWAY ENERGY   0 100,000,450   2057-06   500.0000000000 %       0

    TY 2020 OtherNotesLoansRcvblShortSch2
    Name:
    WALTER SCOTT FAMILY FOUNDATION
    EIN:
    47-1116371
    Name of 501(c)(3) Organization Balance Due
    KEARNEY REGIONAL MEDICAL CENTER
          		0
    KEARNEY REGIONAL MEDICAL CENTER
          		0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    WALTER SCOTT FAMILY FOUNDATION
    EIN:
    47-1116371
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 929,082 679,082 0 250,000