Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
MILLSDAVIS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)30 EAST SEVENTH STREET NO 2000
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SAINT PAUL, MN551014930
A Employer identification number

81-3141868
B Telephone number (see instructions)

(651) 228-0935
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$14,888,375J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 100
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 198,155 162,348  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 157,707
b Gross sales price for all assets on line 6a 2,877,802
7 Capital gain net income (from Part IV, line 2)... 61,916
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 68,357 146,502  
12 Total. Add lines 1 through 11........ 424,319 370,766  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 61,392 7,435   52,457
c Other professional fees (attach schedule)....        
17 Interest...............   1,380    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 131,650 6,858   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 8,375 44,769   8,368
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 201,417 60,442   60,825
25 Contributions, gifts, grants paid....... 604,731 604,731
26 Total expenses and disbursements. Add lines 24 and 25 806,148 60,442   665,556
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -381,829
b Net investment income (if negative, enter -0-) 310,324
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 8,261,921 Click to see attachment8,165,156 10,587,744
c Investments—corporate bonds (attach schedule)....... 2,114,559 Click to see attachment1,660,716 1,701,997
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,562,923 Click to see attachment1,696,838 2,598,634
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,939,403 11,522,710 14,888,375
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 11,939,403 11,522,710
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 11,939,403 11,522,710
30 Total liabilities and net assets/fund balances (see instructions). 11,939,403 11,522,710
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
11,939,403
2
Enter amount from Part I, line 27a .....................
2
-381,829
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
11,557,574
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
34,864
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
11,522,710
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a LONG TERM DISTRIBUTION P    
b LONG TERM DISTRIBUTION BOOK TO TAX DIFFERENCE P    
c PUBLICLY TRADED SECURITIES P    
d PUBLICLY TRADED SECURITIES P    
e WASH SALES ADJUSTMENTS P    
WASH SALES ADJUSTMENTS P    
NON-MARKETABLE GAIN/LOSS P    
SIT - STCG P    
SIT - LTCG P    
SIT - GAIN ON PARTNERSHIP DISPOSITION P    
SPELL MEZZANINE - STCL P    
SPELL MEZZANINE - LTCL P    
SPELL MEZZANINE - SEC 1231 GAIN P    
SPELL MEZZANINE II - SEC 1231 LOSS P    
CPOF III - STCL P    
CPOF III - LTCG P    
CPOF III - SEC 1231 LOSS P    
CPOF III - SEC 1256 LOSS P    
CPOF IV - STCG P    
CPOF IV - LTCG P    
CPOF IV - SEC 1231 GAIN P    
CPOF IV - SEC 1256 LOSS P    
CPOF V - STCL P    
CPOF V - LTCG P    
CPOF V - SEC 1231 GAIN P    
CPOF V - SEC 1256 GAIN P    
CPOF VI - STCG P    
CPOF VI - LTCG P    
CPOF VI - SEC 1231 LOSS P    
HARVEST MLP - STCL P    
HARVEST MLP - LTCL P    
HARVEST MLP - SEC 1231 LOSS P    
COF - STCG P    
COF - LTCL P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 82,849     82,849
b 33,119     33,119
c 617,445   640,438 -22,993
d 1,975,846   1,935,881 39,965
e 595     595
7,076     7,076
57,291   57,291 0
6,347     6,347
5,727     5,727
4,808     4,808
    2 -2
    14,333 -14,333
114     114
    25 -25
    166 -166
18,515     18,515
    48 -48
    7 -7
629     629
24,526     24,526
19     19
    155 -155
    6,440 -6,440
39,102     39,102
328     328
5     5
483     483
2,088     2,088
    9 -9
    23,175 -23,175
    95,637 -95,637
    505 -505
890     890
    41,774 -41,774
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       82,849
b       33,119
c       -22,993
d       39,965
e       595
      7,076
      0
      6,347
      5,727
      4,808
      -2
      -14,333
      114
      -25
      -166
      18,515
      -48
      -7
      629
      24,526
      19
      -155
      -6,440
      39,102
      328
      5
      483
      2,088
      -9
      -23,175
      -95,637
      -505
      890
      -41,774
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 61,916
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 4,314
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 4,314
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 4,314
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 22,750
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 22,750
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 18,436
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet18,436 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletFIDUCIARY COUNSELLING INC Telephone no.bullet (651) 228-0935

    Located atbullet30 E 7TH ST STE 2000ST PAULMN ZIP+4bullet551014930
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JOHN L DAVIS PRESIDENT/DIRECTOR
    1.00     		0 0 0
    30 E 7TH ST STE 2000
    ST PAUL,MN55101
    JOEL FC DAVIS VICE PRESIDENT/DIRECTOR
    1.00     		0 0 0
    30 E 7TH ST STE 2000
    ST PAUL,MN55101
    JAINA A DAVIS SECRETARY/DIRECTOR
    1.00     		0 0 0
    30 E 7TH ST STE 2000
    ST PAUL,MN55101
    CHRYSTAL VANG DIRECTOR
    1.00     		0 0 0
    30 E 7TH ST STE 2000
    ST PAUL,MN55101
    BETTE D MOORMAN DECEASED 2015 FORMER PRESIDENT/DIRECTOR
    0.00     		0 0 0
    30 E 7TH ST STE 2000
    ST PAUL,MN55101
    HALEY D PEARSON TREASURER/DIRECTOR
    1.00     		0 0 0
    30 E 7TH ST STE 2000
    ST PAUL,MN55101
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3 Click to see attachment 0
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    10,098,980
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    3,312,219
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,411,199
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    13,411,199
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    201,168
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    13,210,031
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    660,502
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    660,502
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    4,314
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,314
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    656,188
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    656,188
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    656,188
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    665,556
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    665,556
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    665,556
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 656,188
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 613,596
    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: bullet$ 665,556
    a Applied to 2019, but not more than line 2a 613,596
    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..... 51,960
    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 ..........     		604,228
    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)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    BETTE D MOORMAN DECEASED 2015
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    MILLSDAVIS FOUNDATION
    30 EAST SEVENTH STREET SUITE 2000
    ST PAUL,MN55101
    (651) 228-0935
    MILLSDAVISFOUNDATION@FIDCOUNS.COM
    bThe form in which applications should be submitted and information and materials they should include:
    ALL APPLICATIONS MUST BE SUBMITTED THROUGH THE FOUNDATIONS ONLINE APPLICATION PORTAL TO BE CONSIDERED FOR FUNDING.
    cAny submission deadlines:
    THE APPLICATION PROCESS IS OPEN FROM SEPTEMBER 1 THROUGH JANUARY 1 ANNUALLY.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PROGRAM GOAL: THE GOAL OF THE MILLSDAVIS FOUNDATION IS TO PROMOTE A SUSTAINABLE FUTURE THROUGH THE AMELIORATION OF SOCIAL AND ENVIRONMENTAL CHALLENGES. PROGRAM FUNDING: THE MILLSDAVIS FOUNDATION'S AREAS OF INTEREST ARE PROGRAMS THAT PROVIDE INNOVATIVE SOLUTIONS OR ADVANCEMENTS TO THE FOLLOWING SOCIAL AND ENVIRONMENTAL CHALLENGES: PROGRAMS THAT FOCUS ON ECOLOGICAL FORESTRY AND SUSTAINABLE COMMUNITIES OR PROGRAMS THAT FOCUS ON SOCIAL INEQUALITIES, PARTICULARLY THE NEEDS OF UNDERSERVED YOUTH THROUGH HEALTH, EDUCATION, OR ART. A PREFERENCE MAY BE GIVEN TO APPLICANTS THAT SHOW THEIR PROGRAM IS INFORMED BY PEOPLE OR ORGANIZATIONS IN THE COMMUNITY THEIR PROGRAM IS SERVING.
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    MILLSDAVIS FOUNDATION
    30 EAST SEVENTH STREET SUITE 2000
    ST PAUL,MN55101
    (651) 228-0935
    MILLSDAVISFOUNDATION@FIDCOUNS.COM
    bThe form in which applications should be submitted and information and materials they should include:
    ALL APPLICATIONS MUST BE SUBMITTED THROUGH THE FOUNDATIONS ONLINE APPLICATION PORTAL TO BE CONSIDERED FOR FUNDING.
    cAny submission deadlines:
    THE APPLICATION PROCESS IS OPEN FROM SEPTEMBER 1 THROUGH JANUARY 1 ANNUALLY.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CONTINUED. GEOGRAPHIC FOCUS: THE MILLSDAVIS FOUNDATION WILL ONLY SUPPORT PROGRAMS IN THE FOLLOWING STATES: WASHINGTON, OREGON, CALIFORNIA, AND HAWAII. LOCALLY BASED ORGANIZATIONS WITHIN THESE GEOGRAPHIC AREAS ARE ELIGIBLE TO APPLY. REGIONAL AND NATIONAL ORGANIZATIONS OPERATING WITHIN THE FOUNDATION'S GEOGRAPHIC FOCUS ARE ALSO ELIGIBLE TO APPLY.
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    MILLSDAVIS FOUNDATION
    30 EAST SEVENTH STREET SUITE 2000
    ST PAUL,MN55101
    (651) 228-0935
    MILLSDAVISFOUNDATION@FIDCOUNS.COM
    bThe form in which applications should be submitted and information and materials they should include:
    ALL APPLICATIONS MUST BE SUBMITTED THROUGH THE FOUNDATIONS ONLINE APPLICATION PORTAL TO BE CONSIDERED FOR FUNDING.
    cAny submission deadlines:
    THE APPLICATION PROCESS IS OPEN FROM SEPTEMBER 1 THROUGH JANUARY 1 ANNUALLY.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CONTINUED. GRANT SIZE: THE MILLSDAVIS FOUNDATION WILL TYPICALLY AWARD GRANTS BETWEEN $10,000 AND $50,000. THE FOUNDATION DOES NOT MAKE PLEDGES OR MULTIYEAR COMMITMENTS. THE AVERAGE GRANT SIZE IS $25,000. THE FOUNDATION DOES NOT PROVIDE LONGTERM FUNDING SUPPORT. APPLICANTS WHO HAVE RECEIVED THREE OR MORE YEARS OF GRANT FUNDING MAY BE REPRIORITIZED. ELIGIBILITY: YOUR ORGANIZATION MUST BE CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS A TAX-EXEMPT, NONPROFIT ORGANIZATION. THE FOUNDATION DOES NOT ACCEPT FISCAL AGENTS.
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    MILLSDAVIS FOUNDATION
    30 EAST SEVENTH STREET SUITE 2000
    ST PAUL,MN55101
    (651) 228-0935
    MILLSDAVISFOUNDATION@FIDCOUNS.COM
    bThe form in which applications should be submitted and information and materials they should include:
    ALL APPLICATIONS MUST BE SUBMITTED THROUGH THE FOUNDATIONS ONLINE APPLICATION PORTAL TO BE CONSIDERED FOR FUNDING.
    cAny submission deadlines:
    THE APPLICATION PROCESS IS OPEN FROM SEPTEMBER 1 THROUGH JANUARY 1 ANNUALLY.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CONTINUED. RESRICTIONS: THE MILLSDAVIS FOUNDATION WILL NOT CONSIDER PROPOSALS IN THE FOLLOWING AREAS: -ORGANIZATIONS USING A FISCAL AGENT -GRANTS OR SCHOLARSHIPS TO INDIVIDUALS -LOBBYING PROHIBITED BY THE INTERNAL REVENUE CODE -CONFERENCES -ENDOWMENTS -STARTUP COSTS FOR NEW ORGANIZATIONS
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    MILLSDAVIS FOUNDATION
    30 EAST SEVENTH STREET SUITE 2000
    ST PAUL,MN55101
    (651) 228-0935
    MILLSDAVISFOUNDATION@FIDCOUNS.COM
    bThe form in which applications should be submitted and information and materials they should include:
    ALL APPLICATIONS MUST BE SUBMITTED THROUGH THE FOUNDATIONS ONLINE APPLICATION PORTAL TO BE CONSIDERED FOR FUNDING.
    cAny submission deadlines:
    THE APPLICATION PROCESS IS OPEN FROM SEPTEMBER 1 THROUGH JANUARY 1 ANNUALLY.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CONTINUED. GRANT REPORTING: THE MILLSDAVIS FOUNDATION HAS A PARTICULAR INTEREST IN MEASURABLE OUTCOMES. IF FUNDED, GRANTEE ORGANIZATIONS ARE REQUIRED TO SUBMIT A REPORT ON THEIR ACTIVITIES AND ACHIEVEMENTS BY THE REQUIRED DUE DATE TO BE ELIGIBLE FOR FUTURE YEAR FUNDING. IF YOUR APPLICATION MEETS THE FOUNDATION'S GUIDELINES AND FUNDING PRIORITIES, A SITE VISIT, IN PERSON OR BY CONFERENCE CALL, MAY BE SCHEDULED. YOU WILL BE NOTIFIED OF THE FOUNDATION'S DECISION IN JUNE AND FUNDING WILL BE DISBURSED UPON RECEIPT OF A SIGNED GRANT AGREEMENT.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    CARRY IT FORWARD
    PO BOX 50121
    EUGENE,OR97405     		NONE PC COVID-19 NEEDS 50,000
    CASCADIA WILDLANDS
    120 SHELTON MCMURPHEY BLVD
    EUGENE,OR97401     		NONE PP ELLIOT STATE FOREST FOR FUTURE GENERATIONS 15,000
    CHAPLAINS ON THE HARBOR
    PO BOX 1248
    WESTPORT,WA98595     		NONE PC LEADERSHIP DEVELOPMENT WITH FORMERLY HOMELESS AND FORMERLY INCARCERATED PEOPLE 5,000
    CHILDREN'S HEALING PROJECT
    8065 SE GRAND AVENUE SUITE 160
    PORTLAND,OR97202     		NONE PC MAKE FIFTEEN HUNDRED HEALING ART EXPERIENCES POSSIBLE FOR HOSPITALIZED CHILDREN 20,000
    ECOTRUST
    721 NW 9TH AVE
    PORTLAND,OR97209     		NONE PC WOOD BUILDING CARBON PRODUCT DISCLOSURE AND ADVANCING CLIMATE-SMART FORESTRY POLICIES 15,000
    EUGENE PEACEWORKS
    454 WILLAMETTE STREET SUITE 203
    EUGENE,OR97401     		NONE PC KEPW YOUTH RADIO PROJECT COORDINATED BY LA E KISS 13,477
    KWIAHT CENTER FOR THE HISTORICAL ECOLOGY OF THE SALISH SEA
    PO BOX 415
    LOPEZ ISLAND,WA98261     		NONE PC RESILIENT BITES: JUST FOOD SOVEREIGNTY FOR A CHANGING CLIMATE 21,928
    LAVENDER YOUTH RECREATION AND INFORMATION
    127 COLLINGWOOD STREET
    SAN FRANCISCO,CA94114     		NONE PC LYRIC FELLOWSHIP 50,000
    LITTLE HANDS CAN
    PO BOX 70412
    SPRINGFIELD,OR97475     		NONE PC LEARNING LEADERS 5,000
    LOMAKATSI RESTORATION PROJECT
    PO BOX 3084
    ASHLAND,OR975200303     		NONE PC TRIBAL ECOSVSTEM RESTORATION PARTNERSHIP PROGRAM 25,000
    MT ADAMS RESOURCE STEWARDS
    316 E MAIN PO BOX 152
    GLENWOOD,WA98619     		NONE PC MT. ADAMS COMMUNITY FOREST 35,750
    NATIONAL TROPICAL BOTANICAL GARDEN
    3530 PAPALINA RD
    KALAHEO,HI967419599     		NONE PC SUPPORTING THE MISSION OF THE NATIONAL TROPICAL BOTANICAL GARDENN 25,000
    OPERATION NIGHTWATCH
    1432 SW 13TH AVENUE
    PORTLAND,OR97201     		NONE PC MENTAL HEALTH INITITATIVE AND PEER SUPPORT SPECIALIST PROGRAM 37,712
    OSLC DEVELOPMENTS INC
    10 SHELTON MCMURPHEY BLVD
    EUGENE,OR97401     		NONE PC FAMILIES ACTIVELY IMPROVING RELATIONSHIPS (FAIR) PROGRAM 25,000
    OSLC DEVELOPMENTS INC
    10 SHELTON MCMURPHEY BLVD
    EUGENE,OR97401     		NONE PC H.Y.P.ED - HOMELESS YOUTHS' PATH TO EDUCATION 40,975
    ROOSEVELT PTSA
    4784 N LOMBARAD ST STE B PMB 104
    PORTLAND,OR97203     		NONE PC PUGMILL FOR CERAMICS AT ROOSEVELT HIGH SCHOOL 4,399
    SEXUAL ASSAULT SUPPORT SERVICES
    591 W 19TH AVE
    EUGENE,OR974013827     		NONE PC GENERAL OPERATING SUPPORT 2,500
    SPRINGFIELD PUBLIC LIBRARY FOUNDATION
    225 5TH STREET
    SPRINGFIELD,OR97477     		NONE PC GET ON BOARD: REMOVING BARRIERS TO LIBRARY ACCESS, YEAR 2 37,490
    ST VINCENT DE PAUL SOCIETY OF LANE COUNTY INC
    2890 CHAD DRIVE
    EUGENE,OR97408     		NONE PC TRAUMA-INFORMED EDUCATION FOR FIRST PLACE KIDS (FPK) PROGRAM 30,000
    WALLOWA RESOURCES
    401 NNE 1ST STREET SUITE A
    ENTERPRISE,OR97846     		NONE PC MINORITY VOICES 10,000
    WASHINGTON TRAILS ASSOCIATION
    705 SECOND AVE SUITE 300
    SEATTLE,WA98104     		NONE PC YOUTH ENGAGEMENT PROGRAM 20,000
    WESTERN REGIONAL ADVOCACY PROJECT
    2940 16TH STREET SUITE 200-2
    SAN FRANCISCO,CA94103     		NONE PC HOMELESS BILL OF RIGHTS/ENDING CRIMINALIZATION OF HOUSELESSNESS IN OUR COMMUNITIES 20,000
    CARRY IT FORWARD
    PO BOX 50121
    EUGENE,OR97405     		NONE PC "KEEP IT CLEAN!" LAUNDRY PROJECT 28,000
    CASCADE FOREST CONSERVANCY
    4506 SE BELMONT ST 230A
    PORTLAND,OR97215     		NONE PC SUSTAINABLE COLLABORATIVE FORESTRY IN THE WASHINGTON'S SOUTH CASCADES 20,000
    COMMUNITY SUPPORTED SHELTERS
    1160 GRANT ST
    EUGENE,OR97402     		NONE PC CONESTOGA HUT POCKET SITE (DEC 2020 - GRANT PURPOSE CHANGE) 10,000
    FOOD FOR LANE COUNTY
    770 BAILEY HILL RD
    EUGENE,OR97401     		NONE PC GENERAL OPERATING SUPPORT 2,500
    RURAL DEVELOPMENT INITIATIVES
    150 SHELTON-MCMURPHEY BLVD SUITE
    201
    PORTLAND,OR97401     		NONE PC PASOS AL EXITO: RURAL LATINX FINANCIAL LITERACY AND ENTREPRENEURSHIP EDUCATION 15,000
    SISTERS OF THE ROAD
    133 NW 6TH AVE
    PORTLAND,OR972093608     		NONE PC HOT MEALS/BARTER PROGRAM 20,000
    Total .................................bullet 3a 604,731
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 198,155  
    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.....     01 68,350  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 157,707  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aSECTION 965(A) INCOME INCLUSION     		        7
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 424,212 7
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    424,219
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    11A SOFTWARE INCLUSION
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    MILLSDAVIS FOUNDATION
    EIN:
    81-3141868
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING & TAX SERVICE 61,297 7,388   52,409
    AUDIT FEES 95 47   48

    TY 2020 AllOthProgRltdInvestmentsSch
    Name:
    MILLSDAVIS FOUNDATION
    EIN:
    81-3141868
    Category Amount
    N/A 0

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    MILLSDAVIS FOUNDATION
    EIN:
    81-3141868
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GUGGENHEIM TOTAL RETURN BOND FD INSTL 536,725 565,662
    PERFORMANCE TRUST STRATEGIC BOND FD 559,531 562,333
    PIMCO INCOME FUND INSTITUTIONAL FUND 564,460 574,002

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    MILLSDAVIS FOUNDATION
    EIN:
    81-3141868
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AQR EMERGING MULTI STYLE FUND CL R6 361,324 501,967
    CLEARWATER INTERNATIONAL FUND 1,893,241 2,317,560
    CLEARWATER SELECT EQUITY FUND 1,132,514 1,427,830
    FIDELITY GOVT CASH RESERVE 36,746 36,748
    HARVEST MLP INCOME FUND LLC 401,563 296,956
    PIMCO ALL ASSET INST CLASS 739,823 810,448
    POTLATCHDELTIC CORP 202,720 703,131
    PRIMECAP ODYSSEY STOCK FD 81,819 88,017
    ROCK ISLAND COMPANY 153,282 434,727
    THIRD AVENUE REAL ESTATE VALUE FD 346,383 461,483
    VANGUARD 500 INDEX FD ADM SHS 536,935 541,178
    VANGUARD EMERGING MKTS STK INDEX INSTL 249,142 286,697
    VANGUARD PRIMECAP CORE FD 184,659 354,565
    VANGUARD REIT INDEX FD ADM 459,035 461,762
    VANGUARD SELECTED VALUE FD 268,435 271,853
    WCM FOCUSED EMERGING MARKETS FUND INSTL 181,954 226,277
    WEYERHAEUSER CO 194,858 689,444
    WILLIAM BLAIR MACRO ALLOCATION FD 740,723 677,101

    TY 2020 InvestmentsOtherSchedule2
    Name:
    MILLSDAVIS FOUNDATION
    EIN:
    81-3141868
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CLEARWATER OPPORTUNITY FUND LLP FMV 521,361 485,684
    CLEARWATER PRIVATE OPPORTUNITY FUND III FMV 0 152,290
    CLEARWATER PRIVATE OPPORTUNITY FUND IV FMV 60,000 189,854
    CLEARWATER PRIVATE OPPORTUNITY FUND V FMV 408,000 635,254
    CLEARWATER PRIVATE OPPORTUNITY FUND VI FMV 230,000 238,297
    CLEARWATER PRIVATE OPPORTUNITY FUND VII FMV 21,000 20,683
    SPELL CAPITAL MEZZANINE PARTNERS SBIC II, LP FMV 405,000 508,340
    SPELL CAPITAL MEZZANINE PARTNERS SBIC LP FMV 51,477 368,232

    TY 2020 OtherDecreasesSchedule
    Name:
    MILLSDAVIS FOUNDATION
    EIN:
    81-3141868
    Description Amount
    OTHER ADJUSTMENTS 34,864


    TY 2020 OtherExpensesSchedule
    Name:
    MILLSDAVIS FOUNDATION
    EIN:
    81-3141868
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOUNDATION EXPENSES 8,368 0   8,368
    SPELL CAPITAL MEZZANINE PARTNERS SBIC, 37-1661465 0 0   0
    SECTION 179 DEDUCTION 0 170   0
    OTHER DEDUCTIONS 0 242   0
    SPELL CAPITAL MEZZANINE PARTNERS SBIC II, LP, 35-2600658 0 0   0
    SECTION 179 DEDUCTION 0 82   0
    OTHER DEDUCTIONS 0 356   0
    SIT OPPORTUNITY BOND FUND, LLC, 41-1966452 0 0   0
    OTHER DEDUCTIONS 0 1,401   0
    CLEARWATER OPPORTUNITY FUND LLLP, 82-2233098 0 0   0
    OTHER DEDUCTIONS 0 4,248   0
    CLEARWATER PRIVATE OPPORTUNITY FUND III, LLLP, 26-2251284 0 0   0
    ROYALTY DEDUCTIONS 0 4   0
    SECTION 59(E)(2) DEDUCTION 0 277   0
    PORTFOLIO DEDUCTIONS 0 51   0
    OTHER DEDUCTIONS 0 3,661   0
    CLEARWATER PRIVATE OPPORTUNITY FUND IV LLLP, 45-2978316 0 0   0
    SECTION 179 DEDUCTION 0 2   0
    ROYALTY DEDUCTIONS 0 5   0
    SECTION 59(E)(2) DEDUCTION 0 320   0
    PORTFOLIO DEDUCTIONS 0 48   0
    OTHER DEDUCTIONS 0 3,852   0
    CLEARWATER PRIVATE OPPORTUNITY FUND V, LLLP, 46-5036194 0 0   0
    ROYALTY DEDUCTIONS 0 165   0
    SECTION 59(E)(2) DEDUCTION 0 3,191   0
    OTHER PORTFOLIO DEDUCTIONS 0 3   0
    SECTION 743 (B) NEGATIVE ADJUSTMENTS 0 51   0
    OTHER DEDUCTIONS 0 11,344   0
    HARVEST MLP INCOME FUND LLC, 27-2968896 0 0   0
    OTHER DEDUCTIONS 0 2,361   0
    CLEARWATER PRIVATE OPPORTUNITY FUND VI, 0 0   0
    ROYALTY DEDUCTIONS 0 2   0
    SECTION 59(E)(2) DEDUCTION 0 17   0
    PORTFOLIO DEDUCTIONS 0 1   0
    SECTION 743 (B) NEGATIVE ADJUSTMENTS 0 200   0
    OTHER DEDUCTIONS 0 12,288   0
    CLEARWATER PRIVATE OPPORTUNITY FUND VII 0 0   0
    OTHER DEDUCTIONS 0 426   0
    SECTION 965 0 1   0
    SECTION 965 OFFSET 7 0   0


    TY 2020 OtherIncomeSchedule2
    Name:
    MILLSDAVIS FOUNDATION
    EIN:
    81-3141868
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME 35,000 0 35,000
    FEDERAL UBTI TAX REFUND 11,600 0 11,600
    FEDERAL EXCISE TAX REFUND 21,750 0 21,750
    SPELL CAPITAL MEZZANINE PARTNERS SBIC, 37-1661465   0  
    ORDINARY BUSINESS INCOME (LOSS)   5,654  
    INTEREST   322  
    DIVIDENDS   7  
    OTHER PORTFOLIO INCOME   -584  
    LESS: UBTI INCOME   -5,171  
    SPELL CAPITAL MEZZANINE PARTNERS SBIC II, LP, 35-2600658   0  
    ORDINARY BUSINESS INCOME (LOSS)   94,036  
    INTEREST   8  
    PLUS: UBTI LOSS   4,425  
    SIT OPPORTUNITY BOND FUND, LLC, 41-1966452   0  
    INTEREST   236  
    DIVIDENDS   16,891  
    CLEARWATER OPPORTUNITY FUND, LLLP, 82-2233098   0  
    INTEREST   43  
    DIVIDENDS   10,159  
    OTHER PORTFOLIO INCOME   2,295  
    OTHER INCOME (LOSS)   818  
    CLEARWATER PRIVATE OPPORTUNITY FUND III, LLLP, 26-2251284   0  
    ORDINARY BUSINESS INCOME (LOSS)   764  
    NET RENTAL REAL ESTATE INCOME (LOSS)   -145  
    INTEREST   976  
    DIVIDENDS   6,234  
    ROYALTIES   17  
    OTHER PORTFOLIO INCOME   157  
    CANCELLATION OF DEBT   409  
    SUBPART F INCOME   5  
    OTHER INCOME (LOSS)   -143  
    LESS: UBTI INCOME   -1,013  
    CLEARWATER PRIVATE OPPORTUNITY FUND IV LLLP, 45-2978316   0  
    ORDINARY BUSINESS INCOME (LOSS)   -434  
    OTHER NET RENTAL INCOME   30  
    INTEREST   775  
    DIVIDENDS   1,075  
    ROYALTIES   19  
    OTHER PORTFOLIO INCOME (LOSS)   -43  
    CANCELLATION OF DEBT   302  
    SUBPART F INCOME   2  
    OTHER INCOME (LOSS)   353  
    LESS: UBTI INCOME   -7,407  
    CLEARWATER PRIVATE OPPORTUNITY FUND V, LLLP, 46-5036194   0  
    ORDINARY BUSINESS INCOME (LOSS)   -2,775  
    NET RENTAL REAL ESTATE INCOME (LOSS)   46  
    OTHER NET RENTAL INCOME   11  
    INTEREST   1,633  
    DIVIDENDS   5,755  
    ROYALTIES   447  
    OTHER PORTFOLIO INCOME (LOSS)   -814  
    CANCELLATION OF DEBT   1,371  
    SUBPART F INCOME   3  
    OTHER INCOME (LOSS)   13  
    PLUS: UBTI LOSS   1,854  
    CLEARWATER PRIVATE OPPORTUNITY FUND VI, LLLP   0  
    ORDINARY BUSINESS INCOME (LOSS)   -1,234  
    OTHER NET RENTAL INCOME   7  
    INTEREST   219  
    DIVIDENDS   981  
    ROYALTIES   173  
    OTHER PORTFOLIO INCOME   -4  
    PLUS: UBTI LOSS   2,130  
    HARVEST MLP INCOME FUND   0  
    ORDINARY BUSINESS INCOME (LOSS)   -16,968  
    NET RENTAL REAL ESTATE INCOME (LOSS)   13  
    INTEREST   80  
    DIVIDENDS   4,982  
    OTHER PORTFOLIO INCOME   2  
    CANCELLATION OF DEBT   5  
    OTHER INCOME (LOSS)   20  
    PLUS: UBTI LOSS   17,473  
    CLEARWATER PRIVATE OPPORTUNITY FUND VII, LLC, 84-5014159   0  
    ORDINARY BUSINESS INCOME (LOSS)   -8  
    PLUS: UBTI LOSS 0 8 0
    SECTION 965(A) INCOME INCLUSION 7 7 7


    TY 2020 TaxesSchedule
    Name:
    MILLSDAVIS FOUNDATION
    EIN:
    81-3141868
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2020 SECOND QUARTER EXCISE TAX 1,000 0   0
    2019 UBTI OVERPAYMENT APPLIED TO 2020 11,600 0   0
    2019 UBTI EXTNENSION PAYMENT 67,900 0   0
    2020 SECOND QUARTER UBTI TAX 14,700 0   0
    2020 THIRD QUARTER UBTI TAX 14,700 0   0
    2019 EXCISE OVERPAYMENT APPLIED TO 2020 21,750 0   0
    FOREIGN TAX PAID 0 4,586   0
    FOREIGN TAX PAID THRU COF 0 1,368   0
    FOREIGN TAX PAID THRU CPOF III 0 169   0
    FOREIGN TAX PAID THRU CPOF IV 0 26   0
    FOREIGN TAX PAID THRU CPOF V 0 50   0
    HARVEST MLP INCOME FUND 0 659   0