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
SHERMAN AND MARJORIE ZEIGLER
FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1775
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MUNCIE, IN473081775

A Employer identification number

31-1118863

B Telephone number (see instructions)

(765) 284-2508

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

$16,559,465J 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)	600,000
2	Check .............
3	Interest on savings and temporary cash investments	32,954		32,508
4	Dividends and interest from securities...	193,932		193,932
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		233,330
b	Gross sales price for all assets on line 6a 2,607,433
7	Capital gain net income (from Part IV, line 2)...			233,330
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	1,060,216		459,770
13	Compensation of officers, directors, trustees, etc.	105,000		47,250	52,500
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......	36,486		16,419	18,243
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		6,725	3,363	2,690
c	Other professional fees (attach schedule)....		52,910	51,851	1,059
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		6,591	1,901	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	600		120	360
21	Travel, conferences, and meetings.......	73		0	44
22	Printing and publications..........
23	Other expenses (attach schedule).......		5,591	1,471	3,225
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	213,976		122,375	78,121
25	Contributions, gifts, grants paid.......	758,850			758,850
26	Total expenses and disbursements. Add lines 24 and 25	972,826		122,375	836,971
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	87,390
b	Net investment income (if negative, enter -0-)			337,395
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.............	13,683	11,085	11,085
	2	Savings and temporary cash investments.........	2,472,235	2,232,463	2,232,463
	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..........		4,310	4,310
	10a	Investments—U.S. and state government obligations (attach schedule)	75,090	40,030	43,208
	b	Investments—corporate stock (attach schedule).......	6,536,314	6,724,538	10,734,025
	c	Investments—corporate bonds (attach schedule).......	796,202	1,145,550	1,188,616
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,127,796	1,943,388	2,340,243
	14	Land, buildings, and equipment: basis 2,290
		Less: accumulated depreciation (attach schedule) 2,290
	15	Other assets (describe )	4,323	5,515	5,515
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	12,025,643	12,106,879	16,559,465
	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 )	16,654	10,500
	23	Total liabilities (add lines 17 through 22).........	16,654	10,500
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	1,607,150	1,607,150
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	10,401,839	10,489,229
	29	Total net assets or fund balances (see instructions).....	12,008,989	12,096,379
	30	Total liabilities and net assets/fund balances (see instructions).	12,025,643	12,106,879

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) ...............

12,008,989

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

87,390

Other increases not included in line 2 (itemize) bullet

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

12,096,379

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 .

12,096,379

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	PUBLICLY TRADED SECURITIES
b	PUBLICLY TRADED SECURITIES
c	PUBLICLY TRADED SECURITIES
d	PUBLICLY TRADED SECURITIES	P
e	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	336,396	375,813	-39,417
b	31,981	26,421	5,560
c	2,056,710	1,860,280	196,430
d	175,256	111,589	63,667
e	7,090		7,090

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			-39,417
b			5,560
c			196,430
d			63,667
e			7,090

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	233,330
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	4,690
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	4,690
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	4,690
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	9,000
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	9,000
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	4,310
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax4,310	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 .

Yes

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. Click to see attachment

...............................

Yes

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

RICHARD M ZEIGLER Telephone no. bullet

(765) 468-3579

Located at bullet

11525 W WINDSOR ROADPARKER CITYIN ZIP+4 bullet

47368

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
RICHARD M ZEIGLER	PRESIDENT 37.00	105,000	36,486
PO BOX 1775 MUNCIE,IN47308	PRESIDENT 37.00	105,000	36,486
STEFAN S ANDERSON	VICE PRESIDENT 0.50	0	0
PO BOX 1775 MUNCIE,IN47308	VICE PRESIDENT 0.50	0	0
JOHN E WORTHEN	SECRETARY 0.50	0	0
PO BOX 1775 MUNCIE,IN47308	SECRETARY 0.50	0	0
MARLA K TEMPLETON	TREASURER 0.50	0	0
PO BOX 1775 MUNCIE,IN47308	TREASURER 0.50	0	0
RONALD SPANGLER	DIRECTOR 0.50	0	0
PO BOX 1775 MUNCIE,IN47308	DIRECTOR 0.50	0	0
JENNIFER MEARNS	DIRECTOR 0.50	0	0
PO BOX 1775 MUNCIE,IN47308	DIRECTOR 0.50	0	0
JON MOLL	DIRECTOR 0.50	0	0
PO BOX 1775 MUNCIE,IN47308	DIRECTOR 0.50	0	0
TRICIA STANLEY	DIRECTOR 0.50	0	0
PO BOX 1775 MUNCIE,IN47308	DIRECTOR 0.50	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
NONE

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...................

12,306,638

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

2,999,886

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

300

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

15,306,824

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.........................

15,306,824

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

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

229,602

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

15,077,222

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

753,861

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....................

753,861

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

4,690

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

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

4,690

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

749,171

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

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

749,171

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

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

749,171

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 ..........

836,971

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

836,971

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..............

836,971

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				749,171
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......			93,921
b Total for prior years:20, 20, 20		0
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......
d From 2018......
e From 2019......
fTotal of lines 3a through e........	0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 836,971
a Applied to 2019, but not more than line 2a			93,921
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.....				743,050
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 ..........				6,121
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....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....
e Excess from 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 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).)

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:

RICHARD M ZEIGLER
PO BOX 1775
MUNCIE,IN47308
(765) 468-3579
SMZFOUNDATION55@GMAIL.COM

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

COMPLETE LETTER OF INQUIRY AND GRANT REQUEST APPLICATION REQUIREMENTS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE: WWW.SMZFOUNDATION.ORG

cAny submission deadlines:

MARCH 15 AND SEPTEMBER 11. SEE WWW.SMZFOUNDATION.ORG FOR ADDITIONAL DETAILS

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

LIMITED TO MUNCIE, DELAWARE CO., AND THE STATE OF INDIANA. HORTICULTURAL CONSERVATION AND DEVELOPMENT, RECREATIONAL FACILITIES, HISTORICAL PRESERVATION/CELEBRATION

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
CARDINAL GREENWAY INC 700 E WYSOR ST MUNCIE,IN47305	N/A	PC	ANNUAL SUPPORT; TRAIL MAINTENANCE	5,000
COMMUNITY ENHANCEMENT PROJECTS INC 420 S HIGH ST STE 204 MUNCIE,IN47305	N/A	PC	HALF URBAN FORESTER PAYROLL; ANNUAL SUPPORT; ENHANCEMENT AND BEAUTIFICATION PROJECTS	81,400
COMMUNITY FOUNDATION OF MUNCIE & DELAWARE COUNTY INC 201 E JACKSON ST MUNCIE,IN47305	N/A	PC	FUNDERS' FORUM SUPPORT; LAND CONSERVATION FUND; CEP MAINTENANCE FUND	285,000
DELAWARE COUNTY HISTORICAL SOCIETY 120 E WASHINGTON ST MUNCIE,IN47305	N/A	PC	ANNUAL OPERATING SUPPORT-COMMUNITY PROJECTS	2,500
INDIANA HISTORICAL SOCIETY 450 W OHIO ST INDIANAPOLIS,IN46202	N/A	PC	ANNUAL OPERATING SUPPORT	1,500
INDIANA STATE MUSEUM FOUNDATION 650 W WASHINGTON ST INDIANAPOLIS,IN46204	N/A	PC	ANNUAL OPERATING SUPPORT	1,500
MINNETRISTA CULTURAL CENTER 1200 N MINNETRISTA PKWY MUNCIE,IN47303	N/A	PC	ANNUAL PURCHASE OF FLOWERS AND PLANTS	6,000
MUNCIE ARTS & CULTURE COUNCIL 608 E MAIN STREET MUNCIE,IN47305	N/A	PC	BOX BOX PROJECT	5,000
MUNCIE SYMPHONY ORCHESTRA 2000 W UNIVERSITY AVE AC 112 MUNCIE,IN47306	N/A	PC	ANNUAL OPERATING SUPPORT	5,000
MUNCIE-DELAWARE CLEAN & BEAUTIFUL 201 E JACKSON ST MUNCIE,IN47305	N/A	PC	ANNUAL OPERATING SUPPORT	2,000
RED-TAIL LAND CONSERVANCY 125 E CHARLES ST 200 MUNCIE,IN47305	N/A	PC	ANNUAL OPERATING SUPPORT; RED-TAIL NATURE PRESERVE	25,250
THE NATURE CONSERVANCY 4245 N FAIRFAX DR ARLINGTON,VA22203	N/A	PC	INDIANA LAND & WATER PRESERVATION ANNUAL SUPPORT; WHITE RIVER WATERSHED PROJECT; COOPERATIVE INVASIVE SPECIES MANAGEMENT	68,000
CITY OF MUNCIE 300 N HIGH ST MUNCIE,IN47305	N/A	GOV	2020 FIREWORKS	34,000
CORNERSTONE CENTER FOR THE ARTS 520 E MAIN ST MUNCIE,IN47305	N/A	PC	LANDSCAPING	18,000
GREATER MUNCIE HABITAT FOR HUMANITY 1923 S HOYT AVE MUNCIE,IN47302	N/A	PC	POCKET PARK, SOUTH WALNUT STREET PLANTERS	43,000
MOTIVATE OUR MINDS 2023 E HIGHLAND AVE MUNCIE,IN47303	N/A	PC	TEACHING GARDEN	4,000
ROSS COMMUNITY CENTER 1110 W TENTH ST MUNCIE,IN47302	N/A	PC	ROSE PARK RENOVATIONS/PLANTINGS	86,700
TOWN OF ALBANY 210 E STATE ST ALBANY,IN47320	N/A	GOV	WILDCAT PARK	60,000
UNIVERSITY OF SOUTHERN INDIANA 8600 UNIVERSITY BLVD EVANSVILLE,IN47712	N/A	GOV	HISTORIC NEW HARMONY VISITORS CENTER	25,000
Total ................................. 3a				758,850

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	32,954
4 Dividends and interest from securities....			14	193,932
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	233,330
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		460,216	0

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

460,216

(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:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Name of the organization

SHERMAN AND MARJORIE ZEIGLER
FOUNDATION INC

Employer identification number

31-1118863

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2

Name of organization SHERMAN AND MARJORIE ZEIGLER FOUNDATION INC

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	MARJORIE P ZEIGLER IRREV TRUST UA 3-3-89 AS AMENDED 200 EAST JACKSON STREET MUNCIE, IN47305	$ 600,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Page 3

Name of organization SHERMAN AND MARJORIE ZEIGLER FOUNDATION INC		Employer identification number 31-1118863

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Page 4


Name of organization SHERMAN AND MARJORIE ZEIGLER FOUNDATION INC			Employer identification number 31-1118863
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Additional Data

Software ID:
Software Version:

- TIN:

TY 2020 AccountingFeesSchedule

Name:

SHERMAN AND MARJORIE ZEIGLER

FOUNDATION INC

EIN:

31-1118863

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING	6,725	3,363		2,690

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

SHERMAN AND MARJORIE ZEIGLER

FOUNDATION INC

EIN:

31-1118863

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMGEN INC 3.125% DUE 05/01/25	20,279	22,035
APPLE INC SENIOR NOTE 2.25% DUE 2/23/21	25,013	25,030
APPLE INC SENIOR NOTE 2.82% DUE 2/23/23	29,512	31,504
BERKSHIRE HATHAWAY 2.75% DUE 3/15/23	35,246	36,756
GEORGIA-PACIFIC SR NOTES 3.734% DUE 7/15/23	35,879	37,549
IBM CORP 3.625% DUE 2/12/24	10,071	10,982
JM SMUCKERS 3% DUE 3/15/22	64,026	66,967
MICROSOFT CORP 3.625% DUE 12/15/23	30,408	32,765
NOVARTIS CAPITAL 3.4% DUE 5/06/24	25,018	27,425
ORACLE CORP 2.5% DUE 10/15/22	39,851	41,577
PEPSICO INC. 3.0% DUE 8/25/21	50,011	50,920
ROCKWELL COLLINS SR NOTES 3.2% DUE 3/15/24	54,229	59,405
STARBUCKS CORP 3.1% DUE 3/01/23	29,999	31,691
SYSCO NOTE 2.6% DUE 6/12/22	54,038	56,684
THERMO FISHER SCIENTIFIC CORP 3.0% DUE 4/15/23	9,754	10,554
TOYOTA MOTOR CREDIT CORP 3.4% DUE 4/14/25	65,970	72,435
UNITED PARCEL SERVICE 2.8% DUE 11/15/24	28,759	32,422
XILINX INC SR NOTES 3.0% DUE 3/15/21	29,719	30,151
JP MORGAN CHASE 3.375% DUE 5/01/23	95,674	96,192
BECTON DICKINSON 3.734% DUE 12/15/24	66,650	66,521
EXXON MOBIL 2.992% DUE 3/19/25	53,171	54,725
VF CORP 2.4% DUE 4/23/25	83,924	85,336
SYSCO NOTE 3.3% DUE 7/15/26	66,657	66,735
AMGEN INC 2.6% DUE 8/19/26	65,448	65,503
VALERO ENERGY CORP 3.4% DUE 9/15/26	76,244	76,752

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

SHERMAN AND MARJORIE ZEIGLER

FOUNDATION INC

EIN:

31-1118863

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC	168,747	246,445
ADOBE SYSTEMS INC	57,294	95,023
ALLIANT CORP	167,229	262,803
ALPHABET	321,811	560,845
AMAZON INC	318,065	488,539
AMERICAN EXPRESS CO	217,624	278,093
AMGEN INC	53,905	68,976
APPLE COMPUTER INC	89,436	570,567
AT & T INC	259,455	236,983
AUTOMATIC DATA PROCESSING	88,396	198,225
BERKSHIRE HATHAWAY CL B	301,856	368,673
BLACKROCK INC	71,674	173,170
COMCAST CORP CLASS A	100,604	131,000
CUMMINS INC	87,212	165,783
DANAHER CORP	236,449	524,250
DISCOVERY COMMUNICATIONS-A	197,218	245,233
DOLLAR GENERAL CORPORATION	59,083	168,240
ECOLAB INC	63,711	216,360
FACEBOOK, INC	51,534	95,606
FIRST MERCHANTS CORP	157,722	187,050
GENERAL DYNAMICS CORP	293,829	260,435
HOME DEPOT INC	97,948	150,075
HORMEL FOODS CORP	19,580	97,881
INTEL CORP	231,449	269,028
INTUIT	213,195	387,447
JACK HENRY & ASSOCIATES	194,519	255,134
JOHNSON & JOHNSON	212,880	338,367
MEDTRONIC INCORPORATED ADR	267,216	362,548
MICROSOFT CORP	231,126	489,324
PEPSICO INC	267,429	430,070
STRYKER CORP	349,769	590,546
TJX COS INC NEW	163,114	242,430
UNITED PARCEL SERVICE	76,454	121,248
VISA	128,296	293,098
WEC ENERGY GROUP	24,858	55,218
CONSTELLATION BRANDS CL A	98,603	131,430
CRANE CO	50,381	77,660
JP MORGAN CHASE & CO	55,087	76,242
MERCK & CO INC	138,950	151,330
OMNICOM GROUP INC	104,428	124,740
PINNACLE WEST CAP	120,278	131,917
QUANTA SERVICES	68,778	144,040
RAYTHEON TECHNOLOGIES	247,346	271,953

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

SHERMAN AND MARJORIE ZEIGLER

FOUNDATION INC

EIN:

31-1118863

US Government Securities - End of Year Book Value:

40,030

US Government Securities - End of Year Fair Market Value:

43,208

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

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

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

SHERMAN AND MARJORIE ZEIGLER

FOUNDATION INC

EIN:

31-1118863

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
AVON COMM SCH CORP TAXABLE 15 2.69% 7/5/21	AT COST	24,243	25,100
COLUMBIA HIGH YIELD BOND FUND	AT COST	101,636	103,498
FEDERATED SH-INTERM TOTAL RETURN BOND FD	AT COST	80,424	83,300
FEDERATED TOTAL RETURN BOND	AT COST	192,519	200,049
GOLDMAN SACHS BANK NY CD 1.9% DUE 8/23/21	AT COST	130,000	131,570
LORD ABBETT HIGH YIELD FD CL I	AT COST	35,000	35,183
MORGAN STANLEY BANK CD 2.5% DUE 6/07/21	AT COST	30,000	30,324
MORGAN STANLEY BANK CD 2.6% DUE 6/06/23	AT COST	25,000	26,496
MORGAN STANLEY BANK CD 2.7% DUE 6/06/24	AT COST	30,000	32,530
NORTHERN MIDCAP INDEX	AT COST	100,000	113,681
NORTHERN ULTRA-SHORT FIXED	AT COST	99,882	100,511
PUBLIC STORAGE INC CLASS A	AT COST	54,861	66,970
S&P 400 MIDCAP GROWTH ETF ISHARES	AT COST	145,975	239,770
S&P 400 MIDCAP VALUE ETF ISHARES	AT COST	149,840	198,490
S&P SMALL CAP 600 GROWTH ETF SHARES	AT COST	56,858	86,777
S&P SMALL CAP 600 VALUE ETF ISHARES	AT COST	52,241	63,422
SALLIE MAE BANK CD 2.55% DUE 6/06/22	AT COST	25,000	25,888
VANGUARD MIDCAP INDEX FUND ADM	AT COST	97,000	156,530
VANGUARD S/C INDEX ADMIRAL	AT COST	223,365	321,778
VANGUARD SHORT TERM INVEST ADMIRAL BOND FUND	AT COST	189,052	195,028
PENDLETON IN CMTY PUBLIC LIB	AT COST	50,492	51,002
CAPITAL ONE BANK CD 1.45% DUE 4/22/25	AT COST	50,000	52,346

- TIN:

TY 2020 OtherAssetsSchedule

Name:

SHERMAN AND MARJORIE ZEIGLER

FOUNDATION INC

EIN:

31-1118863

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
INVESTMENT INCOME RECEIVABLE	4,323	5,515	5,515

- TIN:

TY 2020 OtherExpensesSchedule

Name:

SHERMAN AND MARJORIE ZEIGLER

FOUNDATION INC

EIN:

31-1118863

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
DUES/SUBSCRIPTIONS	3,602	1,189	1,837
OFFICE EXPENSE	1,081	11	1,061
INSURANCE	872	262	305
BANK AND OTHER FEES	36	9	22

- TIN:

TY 2020 OtherLiabilitiesSchedule

Name:

SHERMAN AND MARJORIE ZEIGLER

FOUNDATION INC

EIN:

31-1118863

Description	Beginning of Year - Book Value	End of Year - Book Value
EXCISE TAX PAYABLE	6,154	0
RETIREMENT PLAN CONTRIBUTION PAYABLE	10,500	10,500

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

SHERMAN AND MARJORIE ZEIGLER

FOUNDATION INC

EIN:

31-1118863

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
AGENCY FEES	52,910	51,851		1,059

- TIN:

TY 2020 SubstantialContributorsSch

Name:

SHERMAN AND MARJORIE ZEIGLER

FOUNDATION INC

EIN:

31-1118863

Name	Address
MARJORIE P ZEIGLER	405 N WILDWOOD LANE MUNCIE,IN47304
SHERMAN M ZEIGLER CREDIT SHELTER TRUST	200 EAST JACKSON STREET MUNCIE,IN47305
SHERMAN M ZEIGLER IRREVOCABLE TRUST	200 EAST JACKSON STREET MUNCIE,IN47305
MARJORIE P ZEIGLER IRREVOCABLE TRUST	200 EAST JACKSON STREET MUNCIE,IN47305

- TIN:

TY 2020 TaxesSchedule

Name:

SHERMAN AND MARJORIE ZEIGLER

FOUNDATION INC

EIN:

31-1118863

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXCISE TAX	4,690	0		0
FOREIGN TAX WITHHELD ON DIVIDENDS	1,901	1,901		0