TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2020

Open to Public Inspection

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

Name of foundation
The Jennings Family Foundation Inc
c/o National Christian Foundation TC

Number and street (or P.O. box number if mail is not delivered to street address)7701 France Avenue S No 360
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Edina, MN55435

A Employer identification number

41-1765206

B Telephone number (see instructions)

(612) 288-2292

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$32,585,567J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	6,053		6,053
4	Dividends and interest from securities...	643,581		636,533
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-186,296
b	Gross sales price for all assets on line 6a 12,318,901
7	Capital gain net income (from Part IV, line 2)...			0
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).......		236	236
12	Total. Add lines 1 through 11........	463,574		642,822
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).......		9,925	0	9,925
c	Other professional fees (attach schedule)....		219,055	177,930	41,125
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		15,504	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		113	88	25
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	244,597		178,018	51,075
25	Contributions, gifts, grants paid.......	4,137,500			4,137,500
26	Total expenses and disbursements. Add lines 24 and 25	4,382,097		178,018	4,188,575
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-3,918,523
b	Net investment income (if negative, enter -0-)			464,804
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	321,135	322,959	322,959
	2	Savings and temporary cash investments.........	3,744,570	1,058,736	1,058,736
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	232,414	753,795	793,001
	b	Investments—corporate stock (attach schedule).......	14,515,205	15,472,652	23,654,468
	c	Investments—corporate bonds (attach schedule).......	5,382,671	6,303,979	6,611,363
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	3,734,003	101,600	145,040
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	27,929,998	24,013,721	32,585,567
	17	Accounts payable and accrued expenses..........	730	730
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	730	730
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	27,929,268	24,012,991
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	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).....	27,929,268	24,012,991
	30	Total liabilities and net assets/fund balances (see instructions).	27,929,998	24,013,721

Part III

Analysis of Changes in Net Assets or Fund Balances

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

27,929,268

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

-3,918,523

Other increases not included in line 2 (itemize) bullet

2,246

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

24,012,991

Decreases not included in line 2 (itemize) bullet

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

24,012,991

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
1 a	Wells Fargo
b	Bank of America
c	Capital Gains Dividends	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	8,835,037	8,968,267	-133,230
b	3,469,102	3,536,930	-67,828
c	14,762		14,762
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			-133,230
b			-67,828
c			14,762
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-186,296
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

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

1 Reserved

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

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

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

Form 990-PF (2020)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	6,461
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	6,461
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	6,461
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	14,800
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	14,800
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	8,339
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax8,339	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

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

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

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

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

National Christian Foundation Twin Telephone no. bullet

(612) 214-2822

Located at bullet

7701 France Avenue S Suite 360EdinaMN ZIP+4 bullet

55435

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Joel Jennings	President 0.10	0	0	0
7701 France Avenue S Suite 360 Edina,MN55435	President 0.10	0	0	0
Mary Lee Jennings	Director 0.10	0	0	0
7701 France Avenue S Suite 360 Edina,MN55435	Director 0.10	0	0	0
Wendi J Moffly	Director 0.10	0	0	0
7701 France Avenue S Suite 360 Edina,MN55435	Director 0.10	0	0	0
Tracey J Hagman	Director 0.10	0	0	0
7701 France Avenue S Suite 360 Edina,MN55435	Director 0.10	0	0	0
Todd R Jennings	Director 0.10	0	0	0
7701 France Avenue S Suite 360 Edina,MN55435	Director 0.10	0	0	0
Jocelyn Jodi J Jennings	Director 0.10	0	0	0
7701 France Avenue S Suite 360 Edina,MN55435	Director 0.10	0	0	0

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


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









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

Form 990-PF (2020)

Page 7

Part VIII

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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
Wells Fargo	Investment Management	92,406
PO Box 2999 Minneapolis,MN55402	Investment Management	92,406
Bank of America	Investment Management	85,524
PO Box 830269 Dallas,TX554353206	Investment Management	85,524

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2020)

Page 8

Part X

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

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

purposes:

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

29,006,677

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

1,722,311

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

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

30,728,988

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

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

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

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

30,728,988

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

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

460,935

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

30,268,053

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

1,513,403

Part XI

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

and do not complete this part.)

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

1,513,403

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

6,461

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

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

6,461

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

1,506,942

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

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

1,506,942

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

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

1,506,942

Part XII

Qualifying Distributions (see instructions)

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

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

4,188,575

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

4,188,575

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

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

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

4,188,575

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

Form 990-PF (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					1,506,942
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......	3,304,880
b From 2016......	1,885,263
c From 2017......	2,769,530
d From 2018......	2,827,897
e From 2019......	2,424,852
fTotal of lines 3a through e........		13,212,422
4Qualifying distributions for 2020 from Part
XII, line 4: $ 4,188,575
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.....					1,506,942
e Remaining amount distributed out of corpus		2,681,633
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		15,894,055
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) ...		3,304,880
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		12,589,175
10 Analysis of line 9:
a Excess from 2016....	1,885,263
b Excess from 2017....	2,769,530
c Excess from 2018....	2,827,897
d Excess from 2019....	2,424,852
e Excess from 2020....	2,681,633

Form 990-PF (2020)

Page 10

Part XIV

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

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

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

Joel Jennings

Mary Lee Jennings

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

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

Check here bullet

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

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

National Christian Foundation Twin
7701 France Avenue S Suite 360
Edina,MN55435
(612) 288-2292

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

No application form; however, please provide IRS determination letter.

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)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Alzheimer's Association 7900 W 78th St Suite 100 Minneapolis,MN55439	None	PC	General Support	25,000
Anselm House 1337 Cleveland Ave N St Paul,MN55108	None	PC	General Support	100,000
Arrive Ministries 1515 E 66th Street Richfield,MN55423	None	PC	General Support	100,000
Bethany International 6820 Auto Club Road Suite J Bloomington,MN55438	None	PC	General Support	300,000
CBMC PO Box 8009 Chattanooga Chatanaoog,TN374110009	None	PC	Ministry of Alan Smith	40,000
CURE International 701 Bosler Ave Lemoyne,PA17043	None	PC	General Support	50,000
Edina Rotary Foundation 5101 Vernon Ave S Ste 501 Edina,MN55436	None	PC	Fundraiser Gala Sponsorship	5,000
FCA 2001 University Ave NE Suite 100 Minneapolis,MN55414	None	PC	General Support - MN Organization	20,000
Forever Adventure 4316 Washburn Ave N Minneapolis,MN55412	None	PC	General Support	50,000
Good Cities 7340 Hunters Run Eden Prairie,MN55346	None	PC	General Support	35,000
Heshima Foundation PO Box 306 Wheaton,IL60187	None	PC	Housing	5,000
Hope Academy 2300 Chicago Avenue Minneapolis,MN55404	None	PC	General Support	200,000
Hope United CDC PO Box 11996 Minneapolis,MN55412	None	PC	General Support	25,000
HopeKids PO Box 44712 Eden Prairie,MN55344	None	PC	General Support	20,000
International Justice Mission PO Box 96961 Wahington,DC200906961	None	PC	General Support	100,000
Lawndale Community Church 1830 Ridgeway Ave Chicago,IL60623	None	PC	Championship Fathering	15,000
Living Well Disability Services 1168 Northland Drive Mendota Heights,MN55120	None	PC	General Support	10,000
Luis Palau Association PO Box 50 Portland,OR97207	None	PC	General Support	40,000
Minnesota Family Institute 2855 Anthony Lane South Minneapolis,MN55418	None	PC	General Support	55,000
National Association of Evangelicals PO Box 23269 Washington,DC20026	None	PC	General Support	2,500
Pregnancy Choices 15010 Glazier Ave Apple Valley,MN55410	None	PC	General Support	15,000
Rotary International 5418 Creek View Lane Edina,MN55439	None	PC	General Support	10,000
Salvation Army 1471 Como Ave W St Paul,MN55108	None	PC	Booth Brown House	50,000
Search Ministries 7400 Metro Blvd Suite 210 Edina,MN55436	None	PC	General Support	25,000
The Navigators PO Box 6000 Colorado Springs,CO80934	None	PC	Mutua Mahiaini Support	150,000
Thrive PO Box 151927 Lakewood Lakewood,CO80215	None	PC	Mexico gathering and general support	75,000
TreeHouse 5666 Lincoln Drive Ste 201 Edina,MN55436	None	PC	General support	50,000
True Friends 10509 108th St NW Annandale,MN55302	None	PC	General Support	30,000
Union Gospel Mission PO Box 64389 St Paul,MN55164	None	PC	General Support	5,000
Urban Ventures 2924 4th Ave S Minneapolis,MN55408	None	PC	Center for Fathering + Studio 180	1,000,000
Wayman AME Church 1221 7th Ave N Minneapolis,MN55411	None	PC	General Support	15,000
Wooddale Church 6630 Sahdy Oak Road Eden Prairie,MN55344	None	PC	General Support	125,000
World Vision 4325 Upton Ave S Minneapolis,MN55410	None	PC	Syria, Zambia, Guatemala, Honduras	1,300,000
Young Life - Capernaum PO Box 398195 Minneapolis,MN55439	None	PC	General Support	40,000
Young Life - Minneapolis PO Box 390546 Minneapolis,MN55439	None	PC	General Support	25,000
Young Life - North Star Region 2720 W 43rd St Minneapolis,MN55410	None	PC	General Support	25,000
Total ................................. 3a				4,137,500

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	6,053
4 Dividends and interest from securities....			14	643,581
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	236
8 Gain or (loss) from sales of assets other than inventory ............			18	-186,296
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		463,574	0

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

463,574

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2020)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

The Jennings Family Foundation Inc

c/o National Christian Foundation TC

EIN:

41-1765206

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Bookkeeping Fees	4,425	0		4,425
Tax preparation Fees	5,500	0		5,500

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

The Jennings Family Foundation Inc

c/o National Christian Foundation TC

EIN:

41-1765206

Name of Bond	End of Year Book Value	End of Year Fair Market Value
Anthem Inc 2.375% 1/15/25	115,948	117,651
At&T Inc 4.550% 3/09/49	110,932	120,587
Chevron Corp 3.191% 6/24/23	102,785	106,356
Cme Group Inc 3.750% 6/15/28	108,257	118,482
Home Depot Inc 3.125% 12/15/49	99,366	115,372
Lowe's Cos Inc 3.700% 4/15/46	51,291	59,288
Mosaic Co 4.250% 11/15/23	80,095	81,860
Oracle Corp 2.500% 10/15/22	78,441	77,957
Pepsico Inc 2.625% 7/29/29	76,942	82,794
Prologis Lp 3.750% 11/01/25	160,658	170,295
State Street Corp 3.550% 8/18/25	78,684	85,141
Total Capital Intl 2.829% 1/10/30	84,269	83,578
Unitedhealth Group 3.750% 7/15/25	103,971	113,934
Us Bancorp 3.900% 4/26/28	50,961	59,403
Visa Inc 4.300% 12/14/45	70,781	68,487
Walmart Inc 3.700% 6/26/28	125,948	147,231
Fhlmc Pool #Qa4354 3.000% 11/01/49	40,111	41,314
Fhlmc Pool #Zt0000 3.000% 1/01/47	37,629	40,223
Fhlmc Pool #Zt1476 3.500% 2/01/48	47,073	48,161
Fnma Pool #Bm5673 3.500% 11/01/48	72,737	73,612
Hillsborough Cnty Fl 3.751% 10/01/23	100,000	105,673
Phoenix Az Civic Imp 1.585% 7/01/29	25,000	25,175
Wf Ultra S/T Muni Bnd-R6 #4815	252,480	252,217
Pgim High Yield-Q #1067	150,000	151,097
Principal High Yield-R6 #4264	469,329	482,020
Cohen & Steers Pr Sec&Inc-F #6639	50,000	54,833
Tcw Emrg Mkts Incm-I 4721	908,615	917,267
Columbia Total Return Bd Fund Instl 3 Cl	903,213	940,306
Ishares Fltg Rate Bond Etf	200,948	201,612
Spdr Bloomberg Barclays Short Term Corp Bd Etf	205,966	208,370
At&T Inc Sr Unsecd Nt	25,055	29,316
Abbott Labs Sr Unsecd Nt	21,487	22,118
Abbvie Inc Unsecd Sr Nt	16,612	16,782
American Express Co Sr Unsecd Nt	18,659	21,546
Anheuser-Busch Inbev Worldwide Inc Unsecd Sr Mtn	20,308	23,753
Anthem Inc Unsecd Sr Gbl Nt	20,851	23,124
Aon Corp Unsecd Sr Nt	16,658	16,418
Apple Inc Unsecd Sr Nt	34,881	37,109
Bank Nova Scotia B C Unsecd Sr Gbl Nt Canada Dtd	30,426	31,226
Boston Pptys Lp Unsecd Nt	10,542	11,024
Citigroup Inc Sr Unsecd Bd	23,566	28,097
Comcast Corp New Sr Unsecd Nt	38,343	45,078
Dekalb Kane Lasalle Etc Cntys Taxable Go Ref Bds	40,311	40,587
Deere John Cap Corp Unsecd Sr Mtn	32,007	32,992
Disney Walt Co Unsecd Sr Nt	29,537	31,555
Enbridge Inc Sr Unsecd Sr Nt	10,576	10,977
Eversource Energy Unsecd Sr Nt	23,950	27,161
Goldman Sachs Group Inc Unsecd Sr Gbl Nt	23,201	23,292
Home Depot Inc Sr Unsecd Nt	25,024	28,399
Jpmorgan Chase & Co Sr Unsecd Nt	32,791	39,089
Lincoln Natl Corp Ind Unsecd Sr Nt	11,071	11,294
Lockheed Martin Corp Sr Unsecd Nt	17,293	17,284
Mastercard Inc Unsecd Sr	34,752	35,147
Microsoft Corp Sr Unsecd Nt	41,563	43,871
New York N Y City Transitional Taxable Subordinate Bds	71,078	81,273
New York St Urban Dev Corp Rev St Pers Income Tax Rev Bds	74,050	85,133
Nextera Energy Cap Hldgs Inc Unsecd Sr Nt	20,876	21,777
Nike Inc Unsecd Sr Nt	32,453	32,519
Novartis Cap Corp Unsecd Sr Gtd Nt	30,358	31,672
Pnc Finl Svcs Group Inc Sr Unsecd Nt	20,846	22,105
Prologis L P Unsecd Sr Nt	24,744	24,869
San Jose Calif Redev Agy Succe Ref Bds	73,641	84,632
Sanofi S A Unsecd Sr Gbl Nt	35,190	37,578
Schlumberger Invt Sa Sr Unsecd Nt	20,120	21,774
Shell Intl Fin B V Sr Unsecd Nt Netherlands Dtd	24,400	27,824
Statoil Asa Unsecd Gtd Nt Norway	39,012	42,971
Target Corp Unsecd Sr Nt	15,385	16,128
Thermo Fisher Scientific Inc Unsecd Sr Nt	25,378	25,235
Union Pac Corp Unsecd Sr Pidi Nt	15,200	16,294
United Parcel Svc Inc Unsecd Sr Nt	30,848	35,252
Unitedhealth Group Inc Unsecd Sr Nt Dtd 10/25/17 2.375% Due 10/15/22	25,455	26,107
University Calif Revs Ltd Proj Bds-Taxbl Dtd 09/28/17 03.039 Due 05/15/27 No	71,099	83,915
University Houston Tex Univ Re Cons Rev And Ref Bds-Taxbl Dtd 02/01/16 02.80	29,451	32,162
University Pittsburgh Pa Highe Taxable Univ Ref Bds-Taxbl Dtd 01/17/17 02.53	40,748	41,768
Verizon Communications Inc Sr Unsced Nt Dtd 09/18/13 5.150% Due 09/15/23	21,753	22,840

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

The Jennings Family Foundation Inc

c/o National Christian Foundation TC

EIN:

41-1765206

Name of Stock	End of Year Book Value	End of Year Fair Market Value
Spdr S & P 500 Etf Trust Etf	131,140	186,940
Booking Holdings Inc	47,399	77,954
Las Vegas Sands Corp	122,073	102,512
Nike Inc Cl B	50,805	96,200
Target Corp	45,126	98,857
Walt Disney Co	35,296	103,273
Cvs Health Corporation	54,859	70,008
Mondelez International Inc	63,401	87,997
Sysco Corp	57,217	94,310
Blackrock Inc	38,975	86,585
Blackstone Group Inc/The	56,264	70,967
Citigroup Inc.	129,643	127,636
Jpmorgan Chase & Co	66,234	148,037
Abbvie Inc	45,539	45,539
Amgen Inc	54,225	50,582
Eli Lilly & Co Com	18,557	30,391
Merck & Co Inc New	55,461	77,710
Thermo Fisher Scientific Inc	9,142	72,196
Unitedhealth Group Inc	66,780	164,820
Boeing Co	52,653	67,429
Raytheon Technologies Corp	83,340	74,513
Union Pacific Corp	29,799	82,247
United Parcel Service-Cl B	50,064	99,356
Waste Management Inc	80,179	84,320
Alphabet Inc Cl C	73,561	234,752
Apple Inc	64,234	390,772
Broadcom Inc	77,259	122,598
Cisco Systems Inc	35,040	83,683
Cognizant Tech Solutions Crp Com	60,179	84,409
Electronic Arts Inc	51,029	68,210
Fidelity Natl Information Svcs Inc	50,517	59,413
Lam Research Corp Com	33,865	92,093
Microsoft Corp	56,043	352,536
Te Connectivity Ltd	50,260	67,799
Visa Inc-Class A Shrs	51,337	71,087
Celanese Corp	36,003	87,060
At & T Inc	96,570	80,097
Spdr S&P Midcap 400 Etf Trust	1,349,415	2,393,544
Interpublic Group Cos Inc	43,511	54,096
Ishares Russell 2000 Etf	659,907	1,097,936
Hain Celestial Group Inc	33,243	64,441
Ishares Msci Eafe Etf	331,802	445,056
Garmin Ltd	61,762	79,574
Diageo Plc - Adr	65,451	96,080
Unilever Plc - Adr	55,499	61,869
Suncor Energy Inc New F	79,590	42,789
Total Se-Spon Adr	76,545	59,931
Manulife Financial Corp	127,628	129,997
Toronto Dominion Bk Ont Com New	82,963	82,373
Medtronic Plc	60,838	73,213
Eaton Corp Plc	43,782	47,455
Flex Ltd	35,116	63,146
Ishares Msci Emerging Markets	634,674	981,730
American Tower Corp	279,058	753,288
Neuberger Berman Long Sh-Ins #1830	573,306	654,025
Carillon Scout Mid Cap Fund Cl I	149,000	230,326
Domini Intl Social Equity Fund Instl Cl	1,022,500	1,017,580
Oakmark Intl Fund Instl Cl	210,030	247,446
Invesco Ftse Rafi Us 1500 Small- Mid Portfolio Etf	204,301	261,126
Invesco Ftse Rafi Us 1000 Portfolio Etf	127,758	164,635
Ishares Core S&P Small-Cap	175,135	189,774
Pax World Small Cap Fund Instl Cl	765,000	732,038
Primecap Odyssey Growth Fund	406,030	659,017
Realty Income Corp Com	85,665	174,733
Spdr S&P 500 Etf Tr Unit Ser 1	1,059,925	1,383,195
Spdr S&P Midcap 400 Etf Tr Unit Ser 1 Standard & Poors	626,250	1,217,333
Vanguard Ftse Developed Markets Etf	334,390	715,137
Vanguard Ftse Emerging Mkts Etf	281,371	638,251
Welltower Inc Reits	97,920	129,240
Accenture Plc Cl A Com Ireland	35,307	55,899
Eaton Corp Plc Com Ireland	32,465	55,024
Johnson Controls Intl Plc Com Ireland	29,307	37,808
Medtronic Plc Com Ireland	60,391	82,169
Aptiv Plc Com Jersey	24,287	34,266
Pentair Plc Com Ireland	10,856	12,848
Steris Plc Com Ireland	9,038	13,078
Trane Tech Pub Ltd Co Com Ireland	17,576	35,564
Amn Healthcare Svcs Inc Com	9,548	11,671
Abbott Labs Com	50,807	89,453
Adobe Inc Com	36,518	75,018
Air Prods & Chems Inc Com	23,834	41,459
Akamai Technologies Inc Com	11,458	14,279
Alexandria Real Estate Eq Inc Com	26,935	28,331
Alexion Pharmaceuticals Inc Com	26,428	36,873
Alphabet Inc Cl C Com	119,662	185,699
American Express Co Com	30,602	34,822
American Tower Corp Com	11,430	9,929
American Wtr Wks Co Inc New Com	32,516	58,472
Anthem Inc Com	30,186	34,678
Apple Inc Com	113,614	323,498
Applied Matls Inc Com	26,634	50,054
Autodesk Inc Com	11,400	12,519
Avery Dennison Corp Com	15,254	25,748
Ball Corp Com	10,766	28,327
Baxter Intl Inc Com	17,869	16,177
Best Buy Inc Com	15,481	25,085
Blackrock Inc Cl A	37,236	56,280
Cbre Group Inc Cl A Com	18,573	24,649
Cigna Corp New Com	31,861	38,930
Cvs Health Corp Com	36,920	38,316
Cadence Design System Inc Com	11,743	13,643
Carmax Inc Com	39,380	36,367
Cisco Sys Inc Com	57,070	58,981
Citigroup Inc New Com	93,210	98,903
Clorox Co Com	16,296	24,634
Colgate Palmolive Co Com	24,958	32,152
Comcast Corp New Cl A Com	37,584	52,976
Conocophillips Com	63,194	36,671
Cummins Inc Com	16,003	22,937
Deere & Co Com	20,564	39,122
Disney Walt Co Com Disney	40,580	69,754
Ebay Inc Com	34,847	44,220
Ecolab Inc Com	22,796	34,911
Edwards Lifesciences Corp Com	19,135	35,580
Electronic Arts Inc Com	11,436	14,073
Emerson Elec Co Com	46,431	53,526
Equinix Inc Reits	21,677	36,423
Etsy Inc Com	6,441	24,018
Expeditors Intl Washington Inc Com	15,231	19,498
Facebook Inc Cl A Com	66,774	107,079
General Mls Inc Com	20,473	26,989
Grainger W W Inc Com	18,177	26,542
Hasbro Inc Com	13,358	13,470
Hershey Co Com	17,618	21,631
Hess Corp Com	29,814	26,765
Home Depot Inc Com	43,553	58,702
Humana Inc Com	30,373	41,911
Huntington Bancshares Inc Com	19,518	18,927
Idexx Labs Inc Com	16,619	33,991
Intercontinental Exchange Inc Com	25,456	31,589
International Flavors&Fragranc Com	12,505	10,961
Intuit Com	9,575	14,814
Kimberly Clark Corp Com	20,311	26,093
Lhc Group Inc Com	10,883	11,306
Lam Research Corp Com	34,307	52,566
Lauder Estee Cos Inc Cl A	13,466	24,756
Lowes Cos Inc Com	24,561	38,683
Marsh & Mclennan Cos Inc Com	14,370	17,199
Mastercard Inc Cl A Com	27,740	49,972
Mettler Toledo International Com	20,192	39,889
Microsoft Corp Com	101,869	228,648
Morgan Stanley Com	49,824	84,086
Nasdaq Inc Com	10,889	13,938
Nextera Energy Inc Com	44,215	81,470
Nike Inc Cl B	42,700	74,979
Nvidia Corp Com	29,102	52,742
Owens Corning Inc New Com	7,728	14,243
Pnc Finl Svcs Group Inc Com	58,628	67,050
Parker Hannifin Corp Com	29,327	35,413
Pepsico Inc Com	47,958	64,507
Phillips 66 Com	32,915	26,088
Price T Rowe Group Inc Com	15,721	24,677
Procter & Gamble Co Com	30,166	53,430
Progressive Corp Ohio Com	17,836	22,742
Prologis Inc Reits	24,175	32,788
Qualcomm Inc Com	19,690	34,886
Regions Finl Corp New Com	16,315	16,442
Rockwell Automation Inc Com	26,898	40,631
S&P Global Inc Com	17,423	27,613
Svb Finl Group Com	13,927	25,209
Salesforce Com Inc Com	47,882	77,886
Stanley Black & Decker Inc Com	25,922	29,462
Starbucks Corp Com	63,560	81,947
Tjx Cos Inc New Com	38,415	54,632
Target Corp Com	19,015	43,956
Teladoc Health Inc Com	4,384	14,197
Tetra Tech Inc New Com	13,288	26,629
Texas Instrs Inc Com	32,499	48,254
Tractor Supply Co Com	9,487	10,965
Valero Energy Corp New Com	29,060	17,593
Verizon Communications Inc Com	47,556	54,990
Visa Inc Cl A Com	31,132	48,777
Waste Mgmt Inc Del Com	25,063	26,416
West Pharmaceutical Svsc Inc Com	11,417	22,098
Xylem Inc Com	22,713	34,710
Zoetis Inc Cl A Com	41,542	75,965

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

The Jennings Family Foundation Inc

c/o National Christian Foundation TC

EIN:

41-1765206

US Government Securities - End of Year Book Value:

753,795

US Government Securities - End of Year Fair Market Value:

793,001

State & Local Government Securities - End of Year Book Value:

State & Local Government Securities - End of Year Fair Market Value:

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

The Jennings Family Foundation Inc

c/o National Christian Foundation TC

EIN:

41-1765206

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
Ishares Gold Trust Etf	AT COST	101,600	145,040

- TIN:

TY 2020 OtherExpensesSchedule

Name:

The Jennings Family Foundation Inc

c/o National Christian Foundation TC

EIN:

41-1765206

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Minnesota Filing Fees	25	0		25
Bank Charges	88	88		0

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

The Jennings Family Foundation Inc

c/o National Christian Foundation TC

EIN:

41-1765206

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Wells Fargo Other Investment Income	-4,825	-4,825	-4,825
Bank of America Other Investment Income	5,061	5,061	5,061

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

The Jennings Family Foundation Inc

c/o National Christian Foundation TC

EIN:

41-1765206

Description	Amount
Unrealized Gain	2,246

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

The Jennings Family Foundation Inc

c/o National Christian Foundation TC

EIN:

41-1765206

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Fees	177,930	177,930		0
Management Fees	41,125	0		41,125

- TIN:

TY 2020 TaxesSchedule

Name:

The Jennings Family Foundation Inc

c/o National Christian Foundation TC

EIN:

41-1765206

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Excise Taxes	15,504	0		0