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
SN BUD AND GLORIA WOLBACH CHARITABLE FOUNDATI
 
Number and street (or P.O. box number if mail is not delivered to street address)1620 DODGE ST STOP 8145
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OMAHA, NE68197
A Employer identification number

46-1496006
B Telephone number (see instructions)

(308) 389-2623
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$10,502,435J 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... 173,075 173,075  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 119,154
b Gross sales price for all assets on line 6a 1,434,857
7 Capital gain net income (from Part IV, line 2)... 119,154
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... 4,816 3,622  
12 Total. Add lines 1 through 11........ 297,045 295,851  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 84,478 76,030   8,448
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,997 1,798   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 236 212   24
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 86,711 78,040 0 8,472
25 Contributions, gifts, grants paid....... 388,500 388,500
26 Total expenses and disbursements. Add lines 24 and 25 475,211 78,040 0 396,972
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -178,166
b Net investment income (if negative, enter -0-) 217,811
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......... 354,906 163,950 163,950
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,648,304 Click to see attachment4,348,818 6,581,895
c Investments—corporate bonds (attach schedule)....... 2,624,367 Click to see attachment2,768,266 2,935,561
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 482,277 Click to see attachment651,232 741,200
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment79,829 Click to see attachment79,829 Click to see attachment79,829
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,189,683 8,012,095 10,502,435
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 8,189,683 8,012,095
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 8,189,683 8,012,095
30 Total liabilities and net assets/fund balances (see instructions). 8,189,683 8,012,095
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
8,189,683
2
Enter amount from Part I, line 27a .....................
2
-178,166
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,080
4
Add lines 1, 2, and 3 ..........................
4
8,013,597
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,502
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
8,012,095
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 23. AFFILIATED MANAGERS GROUP INC COM   2019-06-27 2020-02-07
b 216. AFFILIATED MANAGERS GROUP INC COM   2018-06-26 2020-03-20
c 59. AFFILIATED MANAGERS GROUP INC COM   2019-06-27 2020-03-20
d 23. AIR PRODS & CHEMS INC   2016-09-27 2020-02-07
e 21. AIR PRODS & CHEMS INC   2016-10-10 2020-03-20
5. ALPHABET INC CAP STK CL A   2017-05-16 2020-02-07
54. AMERICAN CAMPUS CMNTYS INC COM   2016-11-28 2020-02-07
100000. ANHEUSER BUSCH INBEV WLDW INC SR GLBL NT 4.375% DTD 01/27/2011   2017-05-16 2020-08-12
28. APPLE COMPUTER INCORPORATED   2017-06-07 2020-02-07
154. APPLE COMPUTER INCORPORATED   2017-06-07 2020-09-14
17. BERKSHIRE HATHAWAY INC DEL CL B NEW   2018-09-07 2020-02-07
7. BLACKROCK INC COM   2017-05-16 2020-02-07
20. BLACKROCK INC COM   2019-09-06 2020-11-23
2. BOOKING HLDGS INC COM   2018-08-21 2020-02-07
3. BOOKING HLDGS INC COM   2018-08-21 2020-03-20
23. BROADRIDGE FINL SOLUTIONS INC COM   2017-05-16 2020-02-07
150000. CVS HEALTH CORP SR GLBL 2.80% DTD 07/20/2015 DUE 07/20/2020   2017-05-16 2020-07-20
282. CARRIER GLOBAL CORPORATION COM   2016-05-27 2020-04-08
8. CHEVRONTEXACO CORP   2018-12-11 2020-02-07
31. CHEVRONTEXACO CORP   2018-12-11 2020-02-07
64. CHEVRONTEXACO CORP   2020-02-14 2020-05-01
79. CISCO SYS INC   2017-05-16 2020-02-07
212. CISCO SYS INC   2017-06-07 2020-06-25
65. COGNIZANT TECHNOLOGY SOLUTIONS CORP   2018-01-23 2020-02-07
149. COGNIZANT TECHNOLOGY SOLUTIONS CORP   2018-01-23 2020-03-20
132. COMCAST CORP CL A   2018-01-23 2020-02-07
8. COSTCO WHSL CORP NEW   2017-09-15 2020-02-07
164. DANONE SPONSORED ADR   2017-05-16 2020-02-07
2030. DANONE SPONSORED ADR   2017-05-16 2020-02-14
31. DOLLAR GEN CORP NEW COM   2016-02-24 2020-02-07
68. DOLLAR GEN CORP NEW COM   2016-02-24 2020-11-23
41. EOG RES INC   2018-12-11 2020-02-07
32. EXXON MOBIL CORP COM   2014-06-27 2020-02-07
393. EXXON MOBIL CORP COM   2017-06-07 2020-03-03
12. FACEBOOK INC CL A   2017-05-16 2020-02-07
47. FORTUNE BRANDS HOME & SEC INC COM   2018-01-23 2020-02-07
580. FORTUNE BRANDS HOME & SEC INC COM   2018-01-23 2020-04-14
36. GLOBAL PMTS INC COM   2017-06-14 2020-02-07
59. GLOBAL PMTS INC COM   2017-06-14 2020-03-03
56. GLOBAL PMTS INC COM   2017-05-16 2020-04-01
46. INTERCONTINENTAL EXCHANGE, INC. COM   2017-05-16 2020-02-07
44. J P MORGAN CHASE & CO   2017-05-16 2020-02-07
27. JOHNSON & JOHNSON COM   2018-09-07 2020-02-07
121. JOHNSON & JOHNSON COM   2018-09-07 2020-06-25
19. JONES LANG LASALLE INC COM   2017-01-27 2020-02-07
182. KEYCORP COM   2019-09-06 2020-02-07
2242. KEYCORP COM   2019-09-06 2020-04-01
67. LKQ CORP COM   2016-11-15 2020-02-07
825. LKQ CORP COM   2018-06-26 2020-03-03
28. LABORATORY CORP AMER HLDGS   2018-03-28 2020-02-07
56. LABORATORY CORP AMER HLDGS   2019-08-06 2020-06-25
2481.631 LAZARD INTERNATIONAL EQUITY INST #632   2018-11-05 2020-02-07
45. LEIDOS HLDGS INC COM   2019-03-20 2020-02-07
8267.242 LORD ABBETT INVESTMENT TRUST - LORD ABBETT FLOATING RATE FD C   2017-06-07 2020-03-23
2437.943 MANNING & NAPIER RAINIER INTERNATIONAL DISCOVERY SERIES CL Z   2018-08-27 2020-02-07
4. MARKEL CORP COM   2016-05-27 2020-02-07
50000. MARRIOTT INTL INC NEW SR GLBL X 4.00% DTD 04/06/2018 DUE 04/15/   2018-11-15 2020-08-31
20. MCDONALDS CORP COM   2018-11-19 2020-02-07
36. MCDONALDS CORP COM   2018-11-19 2020-11-23
69. MICROSOFT CORP   2017-05-16 2020-02-07
143. MICROSOFT CORP   2017-05-16 2020-03-03
41. MICROCHIP TECHNOLOGY INC   2018-01-23 2020-02-07
33. NESTLE SA ADR COM   2017-01-27 2020-02-07
23. NEXTERA ENERGY INC COM   2017-05-16 2020-02-07
46. NOVARTIS AG SPONSORED ADR   2014-06-27 2020-02-07
138. NOVARTIS AG SPONSORED ADR   2019-02-08 2020-11-23
7. O REILLY AUTOMOTIVE INC NEW COM   2019-10-01 2020-02-07
141. OTIS WORLDWIDE CORP COM   2016-05-27 2020-04-08
27. PEPSICO INC COM   2018-11-19 2020-02-07
49. PERKINELMER INC   2017-06-07 2020-02-07
131. PERKINELMER INC   2017-05-16 2020-09-14
77. PFIZER INC.   2017-02-14 2020-02-07
945. PFIZER INC.   2017-06-07 2020-03-03
79. QUANTA SERVICES INC COM   2018-01-23 2020-02-07
8. REGENERON PHARMACEUTICALS COM   2019-10-01 2020-02-07
15. REGENERON PHARMACEUTICALS COM   2019-10-01 2020-03-03
14. REGENERON PHARMACEUTICALS COM   2019-10-01 2020-06-23
287.996 T ROWE PRICE BLUE CHIP GROWTH FUND CLASS I #429   2016-05-27 2020-02-07
77. TJX COS INC NEW   2018-03-02 2020-02-07
210. TJX COS INC NEW   2018-03-02 2020-03-20
40000. TJX COS INC NEW SR NT 3.875% DTD 04/01/2020 DUE 04/15/2030   2020-09-02 2020-12-04
28. TEXAS INSTRS INC   2017-05-16 2020-02-07
20. 3M CO   2018-08-21 2020-02-07
2016.129 TRIBUTARY GROWTH OPPORTUNITIES FUND IP #1700   2015-06-12 2020-09-04
2213.896 TRIBUTARY SMALL COMPANY FUND INST PLUS #1705   2018-11-05 2020-02-07
65. U.S. BANCORP COM   2017-05-16 2020-02-07
59. UNILEVER PLC SPONSORED ADR NEW   2017-09-15 2020-02-07
146. UNILEVER PLC SPONSORED ADR NEW   2017-09-15 2020-05-01
23. UNITED PARCEL SERVICE INC CL B-COM   2016-04-26 2020-02-07
100000. US TREASURY NOTE 3.50% DTD 05/15/2010 DUE 05/15/2020   2017-02-07 2020-05-15
23. UNITED TECHNOLOGIES CORP COM   2014-06-27 2020-02-07
65. VERIZON COMMUNICATIONS COM   2016-04-01 2020-02-07
56. XCEL ENERGY INC COM   2017-05-16 2020-02-07
16. AON PLC SHS CL A   2016-04-01 2020-02-07
48. AON PLC SHS CL A   2016-04-01 2020-03-20
25. ACCENTURE PLC CLASS A ORDINARY SHARES   2017-07-21 2020-02-07
30. EATON CORP PLC SHS   2018-03-12 2020-02-07
42. MEDTRONIC PLC SHS   2017-06-07 2020-02-07
. MISCELLANEOUS LITIGATION PROCEEDS     2020-04-23
CAPITAL GAIN DIVIDENDS P    
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(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 1,874   2,104 -230
b 10,849   32,722 -21,873
c 2,963   5,398 -2,435
d 5,748   3,131 2,617
e 3,899   2,852 1,047
7,392   4,819 2,573
2,490   2,513 -23
102,058   101,052 1,006
8,926   4,350 4,576
17,510   4,412 13,098
3,869   3,630 239
3,880   2,746 1,134
13,489   8,502 4,987
3,814   3,796 18
3,751   5,694 -1,943
2,704   1,595 1,109
150,000   150,000  
3,918   5,121 -1,203
872   917 -45
3,379   3,553 -174
5,701   7,040 -1,339
3,791   2,708 1,083
9,448   6,483 2,965
4,527   5,103 -576
6,603   10,785 -4,182
5,903   5,585 318
2,507   1,298 1,209
2,621   2,479 142
31,592   28,451 3,141
4,810   2,292 2,518
14,363   5,027 9,336
3,052   4,295 -1,243
1,969   3,239 -1,270
20,105   35,834 -15,729
2,539   1,796 743
3,317   3,413 -96
26,720   39,637 -12,917
7,220   2,637 4,583
10,946   4,292 6,654
7,488   4,010 3,478
4,274   2,717 1,557
6,040   3,863 2,177
4,099   3,696 403
16,842   16,371 471
3,271   1,942 1,329
3,555   3,071 484
21,020   37,834 -16,814
2,201   2,202 -1
23,709   25,341 -1,632
5,110   4,542 568
8,997   9,016 -19
46,282   44,559 1,723
4,956   2,847 2,109
56,961   76,356 -19,395
54,756   55,073 -317
5,198   3,863 1,335
51,171   48,137 3,034
4,230   3,734 496
7,733   6,231 1,502
12,690   4,778 7,912
23,604   8,849 14,755
4,375   4,033 342
3,679   2,382 1,297
6,207   3,133 3,074
4,407   3,643 764
12,017   10,920 1,097
2,709   2,805 -96
5,953   7,812 -1,859
3,926   3,218 708
4,551   3,070 1,481
15,455   7,818 7,637
2,928   2,515 413
32,171   30,672 1,499
3,077   3,073 4
3,061   2,209 852
6,768   4,142 2,626
8,898   3,866 5,032
38,018   20,817 17,201
4,714   3,214 1,500
8,654   8,764 -110
46,759   47,632 -873
3,617   2,302 1,315
3,198   4,107 -909
39,234   39,173 61
63,959   63,096 863
3,542   3,381 161
3,577   3,480 97
7,547   8,450 -903
2,391   2,438 -47
100,000   100,000  
3,615   2,669 946
3,890   3,516 374
3,860   2,560 1,300
3,685   1,680 2,005
7,331   4,566 2,765
5,284   3,209 2,075
3,070   2,389 681
4,997   3,533 1,464
55     55
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
      59,244
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       -230
b       -21,873
c       -2,435
d       2,617
e       1,047
      2,573
      -23
      1,006
      4,576
      13,098
      239
      1,134
      4,987
      18
      -1,943
      1,109
       
      -1,203
      -45
      -174
      -1,339
      1,083
      2,965
      -576
      -4,182
      318
      1,209
      142
      3,141
      2,518
      9,336
      -1,243
      -1,270
      -15,729
      743
      -96
      -12,917
      4,583
      6,654
      3,478
      1,557
      2,177
      403
      471
      1,329
      484
      -16,814
      -1
      -1,632
      568
      -19
      1,723
      2,109
      -19,395
      -317
      1,335
      3,034
      496
      1,502
      7,912
      14,755
      342
      1,297
      3,074
      764
      1,097
      -96
      -1,859
      708
      1,481
      7,637
      413
      1,499
      4
      852
      2,626
      5,032
      17,201
      1,500
      -110
      -873
      1,315
      -909
      61
      863
      161
      97
      -903
      -47
       
      946
      374
      1,300
      2,005
      2,765
      2,075
      681
      1,464
      55
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 119,154
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 3,028
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 3,028
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 3,028
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,028
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,028
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 2,000
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNE
    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
    Yes
     
    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 addressbullet  
    14
    The books are in care ofbulletFIRST NATIONAL BANK OF OMAHA Telephone no.bullet (308) 389-2623

    Located atbulletPO BOX 5168GRAND ISLANDNE ZIP+4bullet68802
    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
    JANELLE ARMSTRONG PRESIDENT
    1     		0    
    2616 COTTONWOOD ROAD
    GRAND ISLAND,NE68801
    LIANA STEELE VICE PRESIDENT
    1     		0    
    2405 SANTA FE CIRCLE
    GRAND ISLAND,NE68801
    DAN NARANJO SECRETARY
    1     		0    
    1328 HAGGE AVENUE
    GRAND ISLAND,NE68801
    TOM BEDNAR TREASURER
    1     		0    
    3444 SOUTH STUHR ROAD
    GRAND ISLAND,NE68801
    TOM GDOWSKI MEMBER
    1     		0    
    2715 APACHE ROAD
    GRAND ISLAND,NE68801
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    8,134,878
    b
    Average of monthly cash balances.......................
    1b
    410,881
    c
    Fair market value of all other assets (see instructions)................
    1c
    673,345
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,219,104
    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
    9,219,104
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    138,287
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,080,817
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    454,041
    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
    454,041
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    3,028
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,028
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    451,013
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    451,013
    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
    451,013
    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
    396,972
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    396,972
    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
    396,972
    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 7 451,013
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 388,437
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 396,972
    a Applied to 2019, but not more than line 2a 388,437
    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..... 8,535
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		442,478
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    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 e-mail address of the person to whom applications should be addressed:
    LYNNE WERNER CO 1ST NATL BANK OF
    PO BOX 5168
    GRAND ISLAND,NE68802
    (308) 389-2623
    LWERNER@FNNI.COM
    bThe form in which applications should be submitted and information and materials they should include:
    NONE
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    HALL COUNTY HISTORICAL SOCIETY
    PO BOX 1683
    GRAND ISLAND,NE68802     		NONE PUBLIC GENERAL 5,000
    STUHR MUSEUM FOUNDATION
    PO BOX 1801
    GRAND ISLAND,NE68801     		NONE PC UNRESTRICTED GRANT 25,000
    GRAND ISLAND PUBLIC SCHOOLS
    FOUNDATION
    PO BOX 4904
    GRAND ISLAND,NE68802     		NONE PC UNRESTRICTED GRANT 45,000
    SALVATION ARMY
    818 W 3RD STREET
    GRAND ISLAND,NE68801     		NONE PC UNRESTRICTED GRANT 10,000
    GRACE FOUNDATION
    PO BOX 5111
    GRAND ISLAND,NE68802     		NONE PC UNRESTRICTED GRANT 10,000
    CHRISTMAS TREE ASSOCIATION
    CHRISTMAS CHEER
    422 WEST 1ST STREET
    GRAND ISLAND,NE68801     		NONE PC UNRESTRICTED GRANT 5,000
    CRISIS CENTER INC
    PO BOX 5885
    GRAND ISLAND,NE68802     		NONE PC UNRESTRICTED GRANT 4,500
    WOOD RIVER VISION 2020 INC
    PO BOX 8
    WOOD RIVER,NE68883     		NONE PC UNRESTRICTED GRANT 30,000
    CAIRO COMMUNITY FOUNDATION
    PO BOX 603
    CAIRO,NE68824     		NONE SOUNK SUPPORT OF FOUNDATION 10,000
    CROSSROADS CENTER
    702 W 14TH ST
    HASTINGS,NE68901     		NONE PC SUPPORT OF PROGRAMS 30,000
    MAKE A WISH OF NEBRASKA
    412 E 25TH STE D
    KEARNEY,NE68847     		NONE PC SUPPORT OF PROGRAMS 2,500
    GRAND ISLAND PARTNERSHIP
    908 N HOWARD AVE STE 106
    GRAND ISLAND,NE68803     		NONE PC FOR DENSEL'S DREAM 15,000
    OVERLAND TRAILS COUNCIL
    BOY SCOUTS OF AMERICA
    PO BOX 1361
    GRAND ISLAND,NE68802     		NONE PC UNRESTRICTED GRANT 7,500
    GIRL SCOUTS-SPIRIT OF NEBRASKA
    820 N WEBB RD
    GRAND ISLAND,NE68803     		NONE PUBLIC GENERAL 15,000
    HEARTLAND UNITED WAY
    1441 N WEBB RD
    GRAND ISLAND,NE68803     		NONE PC UNRESTRICTED GRANT 89,000
    CENTRAL COMMUNITY COLLEGE FOUNDATION
    C/O DEAN MOORS
    HASTINGS,NE68901     		NONE PC UNRESTRICTED GRANT 20,000
    THIRD CITY COMMUNITY CLINIC
    ATTN SUSAN AGUILAR
    GRAND ISLAND,NE68803     		NONE PC UNRESTRICTED GRANT 10,000
    GRAND ISLAND COMMUNITY FOUNDATION
    1811 W 2ND ST SUITE 365
    GRAND ISLAND,NE68803     		NONE PC UNRESTRICTED GRANT 55,000
    Total .................................bullet 3a 388,500
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 173,075  
    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.....     14 2,422  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 119,154  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER REVENUE     		    14 2,394  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   297,045  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    297,045
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    SN BUD AND GLORIA WOLBACH CHARITABLE FOUNDATI
    EIN:
    46-1496006
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMAZON COM INC SR BD 3.8% 12/5 103,188 112,414
    ANHEUSER BUSCH INBEV WORLDWIDE    
    APPLE INC SR GLBL NT 3.% 11/13 94,904 112,729
    BURLINGTON NORTHN SANTA FE CP 101,589 109,723
    CVS HEALTH CORP SR GLBL 2.8% 7    
    FEDERAL NATL MTG ASSN 6.25% 5/ 99,095 114,106
    FEDERATED INSTITUTIONAL HIGH Y 161,935 164,794
    HOME DEPOT INC SR GLBL NT 3.35 76,441 84,458
    PALMER SQUARE INCOME PLUS FUND 102,245 104,616
    JP MORGAN MORTGAGE BACKED SECU 156,000 157,638
    LORD ABBETT FLOATING RATE FD C    
    MARRIOTT INTL INC NEW SR GLBL 48,161 55,310
    METLIFE INC SR GLBL 3.6 % 11/1 99,923 113,214
    MICROSOFT CORP NT 3.625% 12/15 128,213 136,521
    MORGAN STANLEY SR NT 5.5% 7/28 102,539 102,940
    NIKE INC SR GLBL NT 2.375% 11/ 96,948 109,369
    SCHWAB CHARLES CORP NEW SR GLB 49,617 52,378
    TARGET CORP SR GLBL 2.5 % 4/15 72,631 82,888
    U S BANCORP MTNS BK ENT FR 3% 150,976 154,593
    US TREASURY BOND 3.50% DTD 05/    
    US TREASURY NOTE 3.625% DTD 02 100,898 100,398
    US TREASURY NOTE 1.625% DTD 05 48,090 53,250
    US TREASURY NOTE 0.125% DTD 01 28,913 29,279
    US TREASURY NOTE 2.00% DTD 02/ 75,230 76,586
    US TREASURY NOTE 0.375% DTD 07 56,748 59,277
    US TREASURY NOTE 2.75% DTD 11/ 50,573 53,727
    US TREASURY NOTE 2.50% DTD 05/ 50,496 53,895
    US TREASURY NOTE 2.125% DTD 05 85,331 91,767
    US TREASURY BOND 6.375% DUE 8/ 62,463 68,952
    APPLIED MATLS INC SR GLBL NT 1 77,904 77,832
    CITIGROUP INC SR GLBL NT VAR R 71,042 74,495
    DISNEY WALT CO SR NT 2.65% DUE 43,484 43,852
    INTERCONTINENTAL EXCHANGE INC 70,075 73,709
    MCDONALDS CORP MED TERM NT FR 78,269 79,075
    QUALCOMM INC FR 3.25% 5-20-202 80,649 85,130
    US TREASURY NOTE 1.625% DTD 08 60,226 64,196
    WALMART INC 3.70% DUE 06/26/2 83,470 82,450

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    SN BUD AND GLORIA WOLBACH CHARITABLE FOUNDATI
    EIN:
    46-1496006
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AON PLC SHS CL A 13,225 31,057
    ACCENTURE PLC CLASS A ORDINARY 32,600 80,453
    EATON CORP PLC SHS 29,462 44,812
    MEDTRONIC PLC SHS 50,650 72,744
    INVESCO OPPENHEIMER DEVELOPING 183,069 269,271
    AFFILIATED MANAGERS GROUP INC    
    AIR PRODS & CHEMS INC COM 31,568 69,944
    ALPHABET INC CAP STK CL A 42,938 96,395
    AMERICAN CAMPUS CMNTYS INC COM 36,721 35,970
    APPLE INC COM 28,010 162,678
    BERKSHIRE HATHAWAY INC DEL CL 45,248 49,620
    BLACKROCK INC COM 26,391 56,280
    BOOKING HLDGS INC COM 25,041 42,318
    BROADRIDGE FINL SOLUTIONS INC 25,146 52,701
    CHEVRON CORP NEW COM 47,966 41,887
    CISCO SYS INC COM 19,481 34,234
    COGNIZANT TECH SOLUTIONS CRP C 39,000 53,431
    COMCAST CORP CL A 52,552 85,569
    COSTCO WHSL CORP NEW COM 16,191 40,315
    DANONE SPONSORED ADR    
    DOLLAR GEN CORP NEW COM 23,315 67,296
    EOG RES INC COM 44,247 25,683
    EXXON MOBIL CORP COM    
    FACEBOOK INC CL A 29,903 55,725
    FORTUNE BRANDS HOME & SEC INC    
    GLOBAL PMTS INC COM 19,689 69,365
    INTERCONTINENTAL EXCHANGE, INC 31,987 75,515
    JPMORGAN CHASE & CO COM 36,070 68,618
    JOHNSON & JOHNSON COM 29,489 34,781
    JONES LANG LASALLE INC COM 31,894 42,879
    KEYCORP NEW COM    
    LKQ CORP COM    
    LABORATORY CORP AMER HLDGS COM 58,839 73,889
    LAZARD INTERNATIONAL EQUITY IN 507,864 612,878
    LEIDOS HLDGS INC COM 41,217 66,961
    MFS MID-CAP VALUE FUND CLASS R 415,319 443,393
    MFS GLOBAL REAL ESTATE FUND R5 158,961 169,820
    MANNING & NAPIER RAINIER INTER 262,760 453,875
    MARKEL CORP COM 31,173 43,399
    MCDONALDS CORP COM 32,301 44,418
    MICROSOFT CORP COM 31,335 155,916
    MICROCHIP TECHNOLOGY INC COM 29,355 70,160
    NESTLE S A SPONSORED ADR REPST 27,767 47,651
    NEXTERA ENERGY INC COM 29,896 86,717
    NOVARTIS AG SPONSORED ADR 29,935 40,227
    O REILLY AUTOMOTIVE INC NEW CO 38,872 43,899
    PEPSICO INC COM 32,275 49,532
    PERKINELMER INC COM 23,211 68,019
    PFIZER INC COM    
    QUANTA SVCS INC COM 37,271 69,643
    REGENERON PHARMACEUTICALS COM 17,122 29,953
    T ROWE PRICE BLUE CHIP GROWTH 226,389 589,396
    TJX COS INC NEW COM 38,827 59,481
    TEXAS INSTRUMENTS INC COM 18,668 56,461
    3M CO COM 38,993 41,600
    TRIBUTARY GROWTH OPPORTUNITIES 319,633 356,299
    TRIBUTARY SMALL COMPANY FUND I 427,372 539,896
    US BANCORP DEL COM NEW 38,215 43,003
    UNILEVER PLC SPONSORED ADR NEW 32,928 35,552
    UNITED PARCEL SVC INC CL B 30,279 48,331
    UNITED TECHNOLOGIES CORP COM    
    VERIZON COMMUNICATIONS INC COM 39,014 47,000
    XCEL ENERGY INC COM 25,396 46,469
    AMAZON.COM INC COM 32,782 52,111
    COCA COLA CO COM 56,624 53,634
    CONOCOPHILLIPS COM 25,386 21,115
    DISNEY WALT CO COM 32,003 50,006
    MERCK & CO INC NEW COM 45,746 48,262
    RAYTHEON TECHNOLOGIES CORP COM 27,030 30,535
    ROPER TECHNOLOGIES, INC. 27,721 37,505
    UNITEDHEALTH GROUP INC COM 40,771 55,758
    VISA INC COM CL A 27,715 39,590

    TY 2020 InvestmentsOtherSchedule2
    Name:
    SN BUD AND GLORIA WOLBACH CHARITABLE FOUNDATI
    EIN:
    46-1496006
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    JPMORGAN HEDGED EQUITY FUND - AT COST 651,232 741,200

    TY 2020 OtherAssetsSchedule
    Name:
    SN BUD AND GLORIA WOLBACH CHARITABLE FOUNDATI
    EIN:
    46-1496006
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    JEWELRY 79,829 79,829 79,829


    TY 2020 OtherDecreasesSchedule
    Name:
    SN BUD AND GLORIA WOLBACH CHARITABLE FOUNDATI
    EIN:
    46-1496006
    Description Amount
    2020 TRANSACTIONS POSTED TO 2021 703
    DISNEY ACCRUED INT EFFECTIVE IN 2021 604
    WASH SALES 45
    ROC ON SALE 150


    TY 2020 OtherExpensesSchedule
    Name:
    SN BUD AND GLORIA WOLBACH CHARITABLE FOUNDATI
    EIN:
    46-1496006
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSE (NON-DEDUCTIBLE 236 212   24


    TY 2020 OtherIncreasesSchedule
    Name:
    SN BUD AND GLORIA WOLBACH CHARITABLE FOUNDATI
    EIN:
    46-1496006
    Description Amount
    ROUNDING 2
    2019 TRANSACTIONS POSTED TO 2020 1,626
    ROC 452


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    SN BUD AND GLORIA WOLBACH CHARITABLE FOUNDATI
    EIN:
    46-1496006
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,250 1,125   125
    INVESTMNT MNGMNT FEES (NON-DED 83,228 74,905   8,323


    TY 2020 TaxesSchedule
    Name:
    SN BUD AND GLORIA WOLBACH CHARITABLE FOUNDATI
    EIN:
    46-1496006
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 438 395   0
    FOREIGN TAXES ON QUALIFIED FOR 1,405 1,264   0
    FOREIGN TAXES ON NONQUALIFIED 154 139   0