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 Rum Fund
 
Number and street (or P.O. box number if mail is not delivered to street address)3440 Northome Road
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wayzata, MN55391
A Employer identification number

13-4022921
B Telephone number (see instructions)

(952) 476-0704
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$5,393,504J 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) 203,850
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 149,646 144,337  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 587,957
b Gross sales price for all assets on line 6a 1,863,293
7 Capital gain net income (from Part IV, line 2)... 587,957
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........ 941,453 732,294  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 15,186 15,186   0
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)....... Click to see attachment 536 0   536
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 15,722 15,186   536
25 Contributions, gifts, grants paid....... 711,453 711,453
26 Total expenses and disbursements. Add lines 24 and 25 727,175 15,186   711,989
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 214,278
b Net investment income (if negative, enter -0-) 717,108
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............. 34,751 71,768 71,768
2 Savings and temporary cash investments.........      
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)....... 1,960,021 Click to see attachment2,635,869 4,269,840
c Investments—corporate bonds (attach schedule)....... 1,636,390 Click to see attachment1,052,286 1,036,737
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 Click to see attachment4,590 4,670
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment20,534 Click to see attachment10,489 Click to see attachment10,489
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,651,696 3,775,002 5,393,504
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 3,651,696 3,775,002
29 Total net assets or fund balances (see instructions)..... 3,651,696 3,775,002
30 Total liabilities and net assets/fund balances (see instructions). 3,651,696 3,775,002
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
3,651,696
2
Enter amount from Part I, line 27a .....................
2
214,278
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,865,974
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
90,972
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,775,002
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 Publicly Trades Securities P    
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,863,293   1,275,336 587,957
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       587,957
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 587,957
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 9,968
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 9,968
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 9,968
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 3,774
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 3,774
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 6,194
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
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)
    bulletDE, MN
    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 ofbulletMichael Blum Telephone no.bullet (952) 476-0704

    Located atbullet3440 Northome RoadWayzataMN ZIP+4bullet55391
    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
    Abigail Rose President
    1.00     		0 0 0
    3440 Northome Road
    Wayzata,MN55391
    Michael Blum Vice President
    1.00     		0 0 0
    3440 Northome Road
    Wayzata,MN55391
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,775,067
    b
    Average of monthly cash balances.......................
    1b
    162,387
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,937,454
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    4,937,454
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    74,062
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,863,392
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    243,170
    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
    243,170
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    9,968
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,968
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    233,202
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    233,202
    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
    233,202
    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
    711,989
    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
    711,989
    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
    711,989
    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 7 233,202
    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...... 6,964
    b From 2016...... 133,647
    c From 2017...... 136,937
    d From 2018...... 338,143
    e From 2019...... 329,233
    fTotal of lines 3a through e........ 944,924
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 711,989
    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..... 233,202
    e Remaining amount distributed out of corpus 478,787
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,423,711
    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) ...     		6,964
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		1,416,747
    10 Analysis of line 9:
    a Excess from 2016.... 133,647
    b Excess from 2017.... 136,937
    c Excess from 2018.... 338,143
    d Excess from 2019.... 329,233
    e Excess from 2020.... 478,787
    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).)
    Abigail Rose
    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
    Abbott Northwestern Hospital Foundation
    PO Box 43
    Minneapolis,MN55440     		None PC General operations 2,500
    AISH Minnesota
    2830 Inglewood Ave S
    St Louis Park,MN55416     		None PC General operations 187
    Alzheimers Association
    225 North Michigan Avenue Suite
    1700
    Chicago,IL60601     		None PC General operations 32,340
    Animal Humane Society
    1115 Beulah Ln
    St Paul,MN55391     		None PC General operations 1,000
    Bell Museum
    2088 Larpenteur Ave W
    St Paul,MN55113     		None GOV General operations 250
    CDC Foundation
    600 Peachtree Street NE Ste 1000
    Atlanta,GA30308     		None PC General operations 180
    Children's Cancers Research Fund
    7301 Ohms Lane Ste 355
    Minneapolis,MN55439     		None PC General operations 1,000
    Children's Theatre Company
    2400 Third Ave S
    Minneapolis,MN554043597     		None PC Capital campaign 55,000
    Evans Scholars Foundation
    1 Briar Rd
    Golf,IL600292000     		None PC General operations 250
    First Responders Children's Foundation
    38 East 32 St Ste 602
    New York,NY10016     		None PC General operations 1,000
    Frank Llyod Wright Foundation
    12621 N Frank Lloyd Wright Blvd
    Scottsdale,AZ85259     		None PC General operations 100
    Friends of Hennepin County Library
    300 Nicollet Mall N-290
    Minneapolis,MN55401     		None PC General operations 250
    Greater Twin Cities United Way
    404 S Eight St
    Minneapolis,MN55404     		  PC General operations 36,667
    Hillel at Washington University in St Louis (WashU Hillel)
    6300 Forsyth Blvd
    St Louis,MO63105     		None PC General operations 1,800
    ICA Food Shelf
    12990 St Davids Rd
    Minnetonka,MN55305     		None PC General operations 500
    Jewish Agency for Isreal - North American Council
    633 Third Ave 21st Fl
    New York,NY10017     		None PC General operations 500
    Jewish Family and Children's Services
    13100 Wayzata Blvd Ste 400
    Minnetonka,MN553051839     		None PC General operations 7,366
    Lake Minnetonka Association
    PO Box 248
    Excelsior,MN55331     		None PC General operations 500
    Lake Street Council
    919 E Lake St
    Minneapolis,MN55407     		None PC General operations 250
    LMCD Save The Lake
    5341 Maywood Road Suite 200
    Mound,MN55364     		None Gov General operations 250
    Minneapolis Institute of Arts
    2400 Third Ave S
    Minneapolis,MN554043506     		None PC General operations 2,500
    Minneapolis Jewish Federation
    13100 Wayzata Blvd Ste 200
    Minnetonka,MN55305     		None PC General operations 175,000
    Minnesota Jewish Theatre
    PO Box 16155
    St Paul,MN55116     		None PC General operations 1,000
    Minnesota Orchestral Association
    1111 Nicollet Mall
    Minneapolis,MN55403     		None PC General operations 13,000
    Minnesota Zoo Foundation
    13000 Zoo Boulevard
    Apple Valley,MN55124     		None PC General operations 2,500
    Minnetonka Center For The Arts
    2240 Northshore Dr
    Wayzata,MN55391     		None PC General operations 250
    Mission Animal Hospital
    10100 Viking Drive Suite 150
    Eden Prairie,MN55344     		None PC General operations 500
    NAACP
    4805 Mount Hope Dr
    Baltimore,MD21215     		None PC General operations 250
    Naral Pro-Choice Minnesota
    2300 Myrtle Ave Ste 120
    St Paul,MN55114     		None PC General operations 365
    National Council of Jewish Women
    5905 Golden Valley Road Suite 1
    Golden Valley,MN55422     		None PC General operations 500
    Old Friends Senior Dogs Inc
    12110 Lebanon Road
    Mount Juliet,TN37122     		None PC General operations 100
    Oratorio Society of Minnesota
    1658 Lincoln Ave
    St Paul,MN55105     		None PC General operations 1,000
    Pancreatic Cancer Action Network
    1500 Rosecrans Ave Suite 200
    Manhattan Beach,CA90266     		  PC General operations 120
    Planned Parenthood of America
    123 William St
    New York,NY10038     		None PC General operations 2,500
    Project Hope Charities
    17020 140th Ave
    Jamaica,NY11434     		None PC General operations 500
    Rustic Pathways Foundation
    PO Box 472
    Chardon,OH44024     		  PC General operations 7,875
    Sholom Foundation
    3610 Phillips Pkwy
    Minneapolis,MN55426     		None PC General operations 37,000
    Southern Poverty Law Center
    400 Washington Ave
    Montgomery,AL36104     		None PC General operations 1,000
    St Jude Children's Research Hospital
    262 Danny Thomas Place
    Memphis,TN38105     		None PC General operations 100
    Summit Academy OIC
    935 Olson Memorial Hwy
    Minneapolis,MN55405     		None PC General operations 1,000
    Temple Israel
    2324 Emerson Ave S
    Minneapolis,MN55405     		None PC Capital campaign and Bridge to the Future 129,503
    The Blake School
    110 Blake Road S
    Hopkins,MN55343     		None PC Capital campaign, annual fund and Science Wing 79,500
    The Living Desert Zoo and Gardens
    47-900 Portola Ave
    Palm Desert,CA92260     		None PC General operations 1,000
    Trustees of the University of Pennsylvania
    3451 Walnut St Ste Room 305
    Philadelphia,PA191046284     		None PC General operations 2,000
    University of MN Foundation
    200 Oak St SE Ste 500
    Minneapolis,MN55455     		None PC General operations 100,000
    Utah Symphony & Opera
    123 West South Temple
    Salt Lake City,UT84101     		None PC General operations 500
    Washington University
    Campus Box 1082 One Brookings Drive
    St Louise,MO63130     		None PC General operations 10,000
    Total .................................bullet 3a 711,453
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 149,646  
    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 ............     		    18 587,957  
    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).. 0 737,603 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    737,603
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    The Rum Fund
     
    Employer identification number

    13-4022921
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    The Rum Fund
          		Employer identification number
    13-4022921
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Abigail Rose
    3440 Northhome Road
     
    Wayaata, MN55391

    		$ 203,850


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    The Rum Fund
          		Employer identification number

    13-4022921
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 Various stocks $ 203,850 2020-12-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    The Rum Fund
          		Employer identification number

    13-4022921
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    The Rum Fund
    EIN:
    13-4022921
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ISHARES CORE U S 1,164 1,182
    ISHARES TR 3,029 3,111
    LEWISTON ME GO SCH BDS B 150,000 150,569
    NEW YORK ST URBAN DEV 164,942 164,289
    NEW YORK ST URBAN DEV 93,368 93,136
    TEXAS ST TAXABLE GO REF 210,645 206,702
    TEXAS ST TAXABLE GO REF 317,104 310,386
    VANGUARD SHORT TERM 7,135 7,160
    WHATCOM CNTY WASH LTD 104,899 100,202

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Rum Fund
    EIN:
    13-4022921
    Name of Stock End of Year Book Value End of Year Fair Market Value
    JPMorgan Chase & Co 997 1,398
    10X GENOMICS INC CLASS A COMMON STOCK 467 850
    ADOBE INC COMMON STOCK 3,267 4,501
    AIR PRODUCTS & CHEMICALS INC 226 273
    ALCON INC ORDINARY SHARES 930 1,188
    ALLEGION PUBLIC LIMITED COMPANY 1,176 1,397
    ALNYLAM PHARMACEUTICALS INC 151 130
    ALPHABET INC CLASS A COMMON STOCK 1,365 1,753
    AMAZON.COM INC 2,459 3,257
    AMERIPRISE FINL INC 764 1,555
    AMGEN INC 1,726 1,839
    ANSYS INC 2,407 3,274
    AON PLC CLASS A ORDINARY SHARES 780 845
    ARCH CAPITAL GROUP LTD 339 505
    AUTODESK INC 912 1,527
    BLACK KNIGHT INC COMMON STOCK 722 884
    BRIGHT HORIZONS FAMILY SOLUTIONS INC DEL COM 261 346
    BROOKFIELD ASSET MANAGEMENT INC CLASS A LTD VTG SHS US LISTED 2,542 3,219
    BROOKFIELD INFRASTRUCTURE CORP COM SUB VTG SHS CL A 254 434
    BROOKFIELD RENEWABLE CORP CL A SUB VTG 50 58
    BROWN & BROWN INC 365 474
    BROWN-FORMAN CORPORATION CLASS B COMMON STOCK 194 238
    CABOT OIL AND GAS CORP 1,100 912
    CANNAE HOLDINGS INC COMMON STOCK 106 133
    CAPITAL ONE FINANCIAL CORP 591 989
    CARMAX INC 950 1,228
    CARVANA CO CLASS A COMMON STOCK 531 1,437
    CBRE GROUP INC CL A 463 753
    CHARLES SCHWAB CORP NEW 384 583
    CHARTER COMMUNICATIONS INC NEW CL A 1,010 1,323
    CHEWY INC CLASS A COMMON STOCK PAR VALUE $0.01 PER SHARE 163 360
    CHUBB LTD COM 0 1,231
    CINCINNATI FINANCIAL CORP 803 1,048
    CLOUDFLARE INC CLASS A COMMON STOCK PAR VALUE $0.001 PER SHARE 537 760
    COCA COLA COMPANY (THE) 1,103 1,426
    COGNEX CORP 55 80
    COLFAX CORPORATION 94 153
    COMMERCE BANCSHARES INC 661 788
    COPART INC 732 1,145
    CORTEVA INC COMMON STOCK 1,073 1,626
    COSTAR GROUP INC 1,283 1,849
    COUPA SOFTWARE INCORPORATED COM 580 1,017
    CREDIT ACCEPTANCE CORP-MICH 742 692
    CULLEN FROST BANKERS INC 392 523
    DANAHER CORPORATION 2,476 3,332
    DEXCOM INC 747 739
    DOLLAR GENERAL CORPORATION 174 210
    DOMINOS PIZZA INC 744 767
    EAST WEST BANCORP INC 552 862
    ELANCO ANIMAL HEALTH INCORPORATED COMMON STOCK 889 1,380
    FACEBOOK INC CL A 844 1,093
    FASTENAL CO 378 488
    FASTLY INC CLASS A COMMON STOCK 480 437
    FIDELITY NATIONAL FINANCIAL INC 323 508
    FIRST REPUBLIC BANK SAN FRANCISCO CALIF 199 294
    GARTNER INC 574 801
    GENERAL DYNAMICS CORP 868 1,042
    GUARDANT HEALTH INC COMMON STOCK 324 516
    GUIDEWIRE SOFTWARE INC 504 644
    HEICO CORPORATION CLASS A 311 468
    HILTON WORLDWIDE HOLDINGS INC COMMON STOCK 1,002 1,558
    HOWARD HUGHES CORP 206 316
    HYATT HOTELS CORP CL A 152 223
    IDEXX LABORATORIES CORP 288 500
    IHS MARKIT LTD SHS 395 539
    ILLUMINA INC 949 1,110
    INTUIT INC 1,109 1,519
    INTUITIVE SURGICAL INC COM 1,042 1,636
    ISHARES MSCI EAFE ETF 473,522 651,095
    ISHARES MSCI EMERGING 122,997 220,114
    ISHARES RUSSELL 2000 27,923 81,421
    ISHARES S&P 500 GROWTH 271,715 782,306
    ISHARES S&P VALUE ETF 369,865 766,072
    ISHARES S&P MID CAP 400 79,166 190,444
    ISHARES S&P MID CAP 400 85,354 181,230
    ISHARES S&P SMALL CAP 600 51,350 118,976
    ISHARES S&P SMALL CAP 600 56,404 114,728
    JOHNSON CONTROLS INTERNATIONAL PLC ORDINARY SHARES 768 1,258
    KENNEDY-WILSON HLDGS INC 121 161
    KKR & CO INC COMMON STOCK 786 1,255
    LENNAR CORP CL A 1,212 1,830
    LIBERTY BROADBAND CORPORATION CLASS A COMMON STOCK 245 315
    LIBERTY BROADBAND CORPORATION CLASS C COMMON STOCK 687 792
    LIBERTY MEDIA CORPORATION SERIES A LIBERTY FORMULA ONE COMMON STOCK 29 38
    LIBERTY MEDIA CORPORATION SERIES A LIBERTY SIRIUSXM COM 64 86
    LIBERTY MEDIA CORPORATION SERIES C LIBERTY FORMULA ONE COMMON STOCK 434 596
    LIBERTY MEDIA CORPORATION SERIES C LIBERTY SIRIUSXM COMMON STOCK 172 261
    LINDE PLC ORDINARY SHARE 0 527
    LIVE NATION ENTERTAINMENT INC 298 441
    M & T BANK CORP 100 127
    MARKEL CORP HOLDING CO 824 1,033
    MARTIN MARIETTA MATERIALS INC 1,440 2,272
    MASTERCARD INCORPORATED 1,371 1,785
    MEDTRONIC PLC COM 1,181 1,406
    METTLER-TOLEDO INTERNATIONAL INC 703 1,140
    MICHELIN COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN UNSPONSORED ADR REP 1,096 1,183
    MICROCHIP TECHNOLOGY INC 1,523 2,486
    MICROSOFT CORP 4,152 4,893
    MITSUBISHI UFJ FINANCIAL GROUP INC AMERICAN DPSRTY SHS EACH RPRSNTNG ONE SHA 489 563
    MODERNA INC COMMON STOCK 146 313
    MONGODB INC CLASS A COMMON STOCK 343 718
    MOODYS CORP 739 871
    MOTOROLA SOLUTIONS INC 276 340
    MSCI INC 311 447
    NETFLIX COM INC 541 541
    NOVARTIS AG AMERICAN DEPOSITARY SHARES 1,030 1,133
    NVIDIA CORP 300 522
    O REILLY AUTOMOTIVE INC 789 905
    OKTA INC CLASS A COMMON STOCK 496 763
    PARKER HANNIFIN CORP 924 1,634
    PAYPAL HOLDINGS INC COM 1,919 3,513
    PHILLIPS 66 COM 807 769
    PINTEREST INC CLASS A COMMON STOCK 538 527
    PIONEER NATURAL RESOURCES COMPANY COMMON STOCK 491 683
    PNC FINANCIAL SVCS GROUP INC 1,838 2,384
    PROCTER & GAMBLE CO 1,338 1,391
    PROGRESSIVE CORP-OHIO 538 692
    QUALCOMM INC 1,037 1,980
    REALPAGE INC 383 523
    RESTAURANT BRANDS INTERNATIONAL INC COM 489 611
    ROPER TECHNOLOGIES NEW 1,048 1,293
    ROSS STORES INC 173 246
    ROYALTY PHARMA PLC CLASS A ORDINARY SHARES 84 100
    RPM INTERNATIONAL INC 1,099 1,362
    S&P GLOBAL INC COM 881 986
    SALESFORCE.COM INC 846 1,113
    SHOPIFY INC CL A 1,450 2,264
    SLACK TECHNOLOGIES INC CLASS A COMMON STOCK 1,028 1,563
    SNAP INC CLASS A COMMON STOCK 717 1,152
    SNOWFLAKE INC CLASS A COMMON STOCK 1,536 1,688
    SONY CORPORATION ADR 1,211 1,921
    SPOTIFY TECHNOLOGY S A SHS SPOTIFY TECH SA ORD REG 741 1,573
    SQUARE INC CLASS A COM 757 2,394
    STARBUCKS CORP 447 642
    SUMMIT MATERIALS INC CL A 107 161
    TRADE DESK INC (THE) CLASS A COMMON STOCK 627 1,602
    TRANSDIGM GROUP INCORPORATED 2,418 4,332
    TRANSUNION COM 468 595
    TWILIO INC CL A 361 1,016
    TWITTER INC 1,410 2,599
    TYLER TECHNOLOGIES INC 341 437
    TYSON FOODS INC-CL A 829 967
    UBER TECHNOLOGIES INC COMMON STOCK 811 1,479
    UNITY SOFTWARE INC COMMON STOCK 200 307
    VAIL RESORTS INC 374 558
    VALLEY NATIONAL BANCORP COMMON STOCK 0 29,162
    VEEVA SYSTEMS INC CL A COM 979 1,361
    VERISIGN INC 636 649
    VERISK ANALYTICS INC COM 317 415
    VISA INC CL A COMMON STOCK 1,254 1,531
    VULCAN MATERIALS CO (HOLDING CO) 616 890
    WALGREEN BOOTS ALLIANCE INC COM 662 638
    WAYFAIR INC CL A 531 677
    WIX.COM LTD 636 1,000
    XYLEM INC COM 1,091 1,730
    ZILLOW GROUP INC CLASS C COM 176 519
    ZOOM VIDEO COMMUNICATIONS INC CLASS A COMMON STOCK 590 1,349
    Federated HRMS Str Value 198,000 194,526
    Ishares Core Dividend 147,742 145,651
    Ishares Core High Dividend ETF 147,585 144,860
    Ishares Select Dividend ETF 147,451 145,543
    Ishares International Select Dividend ETF 147,790 147,131
    Vanguard High Div Yield ETF 197,348 196,781

    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Rum Fund
    EIN:
    13-4022921
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AMERICAN TOWER AT COST 1,425 1,347
    BROOKFIELD PROPERTY REIT AT COST 44 75
    EQUINIX INC AT COST 699 714
    EQUITY LIFESTYLE AT COST 539 570
    SBA COMMUNICATIONS CORP AT COST 1,167 1,129
    SUN COMMUNITIES INC AT COST 640 760
    VORNADO REALTY TRUST AT COST 76 75

    TY 2020 OtherAssetsSchedule
    Name:
    The Rum Fund
    EIN:
    13-4022921
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Accrued interest 20,534 10,489 10,489


    TY 2020 OtherDecreasesSchedule
    Name:
    The Rum Fund
    EIN:
    13-4022921
    Description Amount
    Unrealized gain/loss on contributed stock 90,972


    TY 2020 OtherExpensesSchedule
    Name:
    The Rum Fund
    EIN:
    13-4022921
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Registration & filing fees 536 0   536


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Rum Fund
    EIN:
    13-4022921
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment management fees 15,186 15,186   0