Form990-PF
Click to see attachment

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
PHILIP M FRIEDMANN FAMILY CHARITABLE
TRUST DTD 11/09/98
Number and street (or P.O. box number if mail is not delivered to street address)2430 N LAKEVIEW
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60614
A Employer identification number

36-7252117
B Telephone number (see instructions)

(312) 794-8481
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$31,194,077J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 5,090 5,090  
4 Dividends and interest from securities... 451,931 450,009  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,535,483
b Gross sales price for all assets on line 6a 3,349,944
7 Capital gain net income (from Part IV, line 2)... 1,535,483
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 139,513 222,740  
12 Total. Add lines 1 through 11........ 2,132,017 2,213,322  
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 27,695 27,695   0
c Other professional fees (attach schedule).... Click to see attachment 12,000 12,000   0
17 Interest............... 85 85   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,198 5,194   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 22,120 22,120   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,629,313 227,416   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,696,411 294,510   0
25 Contributions, gifts, grants paid....... 1,260,919 1,260,919
26 Total expenses and disbursements. Add lines 24 and 25 2,957,330 294,510   1,260,919
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -825,313
b Net investment income (if negative, enter -0-) 1,918,812
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......... 212,362 147,056 147,056
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 23,842,836 Click to see attachment23,080,238 31,047,021
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) 24,055,198 23,227,294 31,194,077
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) Click to see attachment3,561 Click to see attachment970
23 Total liabilities (add lines 17 through 22)......... 3,561 970
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 24,051,637 23,226,324
29 Total net assets or fund balances (see instructions)..... 24,051,637 23,226,324
30 Total liabilities and net assets/fund balances (see instructions). 24,055,198 23,227,294
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
24,051,637
2
Enter amount from Part I, line 27a .....................
2
-825,313
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
23,226,324
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
23,226,324
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 DFA US Large Company Instl Index FD-1,970.22 Shares P 2020-06-29 2020-09-10
b DFA US Large Company Instl Index FD-60,335.07 Shares P 2019-08-20 2020-09-10
c Adage Capital Partners LP - ST P 2020-01-01 2020-12-31
d Adage Capital Partners LP - LT P 2019-01-01 2020-12-31
e FPA FDS Tr FPA Crescent Profit Instl Cl-17,515.97 Shares P 2009-07-01 2020-10-07
Rivernorth/Dubleline Strategic Inc-I-2,396.93 Shares P 2012-04-11 2020-12-07
Adage Capital Partners LP - 1256 Contracts 40% ST P 2020-01-01 2020-12-31
Adage Capital Partners LP - 1256 Contracts 60% LT P 2019-01-01 2020-12-31
Commonfund Cap International Partners VI - LT P 2019-01-01 2020-12-31
Commonfund Cap Priv Equity VII - ST P 2020-01-01 2020-12-31
Commonfund Cap Priv Equity VII - LT P 2019-01-01 2020-12-31
Commonfund Cap Priv Equity VII -1231 Gain P 2019-01-01 2020-12-31
Commonfund Cap Priv Equity VII - 1256 Contracts 40% ST P 2020-01-01 2020-12-31
Commonfund Cap Priv Equity VII - 1256 Contracts 60% LT P 2019-01-01 2020-12-31
Siguler Gruff Dist Opp Fund ST P 2020-01-01 2020-12-31
Siguler Gruff Dist Opp Fund LT P 2019-01-01 2020-12-31
Metropolitan Real Estate Partners Global VI, LP-LT P 2019-01-01 2020-12-31
Metropolitan Real Estate Partners Global VI, LP Sec 1231 P 2019-01-01 2020-12-31
OCM Opport. Fund VII (Cayman) Ltd-Oaktree Capital Mngmnt LP-PFIC LT P 2019-01-01 2020-12-31
Strategic Real Estate Fund III LP-LT P 2019-01-01 2020-12-31
Echo Street Goodco Select II LP- ST P 2020-01-01 2020-12-31
Echo Street Goodco Select II LP- LT P 2019-01-01 2020-12-31
Strategic Real Estate Fund III LP-Sec 1231 P 2019-01-01 2020-12-31
GoldenTree OffShore Fund-PFIC LT P 2019-01-01 2020-12-31
Capital Gains Dividends 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 50,595   45,512 5,083
b 1,549,405   1,265,999 283,406
c 321,518     321,518
d 547,832     547,832
e 555,257   454,340 100,917
25,000   26,106 -1,106
    7,145 -7,145
    10,718 -10,718
9,041     9,041
    12 -12
26,510     26,510
80     80
3     3
5     5
    65 -65
1,734     1,734
138     138
3,638     3,638
20,504     20,504
    4,564 -4,564
35,416     35,416
44,199     44,199
1,390     1,390
3,570     3,570
154,109     154,109
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       5,083
b       283,406
c       321,518
d       547,832
e       100,917
      -1,106
      -7,145
      -10,718
      9,041
      -12
      26,510
      80
      3
      5
      -65
      1,734
      138
      3,638
      20,504
      -4,564
      35,416
      44,199
      1,390
      3,570
      154,109
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 1,535,483
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 26,671
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 26,671
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 26,671
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 48,178
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 98,178
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 71,507
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet71,507 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)
    bulletIL
    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. Click to see attachment...............................
    10
    Yes
     
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletPHILIP M FRIEDMANN Telephone no.bullet (312) 794-8481

    Located atbullet2430 N LAKEVIEWChicagoIL ZIP+4bullet60614
    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 bullet2019, 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
    Yes
     
    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
    PHILIP M FRIEDMANN TRUSTEE
    10.00     		0 0 0
    2430 N LAKEVIEW
    CHICAGO,IL60614
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    13,205,707
    b
    Average of monthly cash balances.......................
    1b
    602,721
    c
    Fair market value of all other assets (see instructions)................
    1c
    13,813,863
    d
    Total (add lines 1a, b, and c).........................
    1d
    27,622,291
    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
    27,622,291
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    414,334
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    27,207,957
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,360,398
    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
    1,360,398
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    26,671
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    26,671
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,333,727
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,333,727
    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
    1,333,727
    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
    1,260,919
    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
    1,260,919
    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
    1,260,919
    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 1,333,727
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 1,274,526
    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$ 1,260,919
    a Applied to 2019, but not more than line 2a 1,260,919
    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..... 0
    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 .............     		13,607
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		1,333,727
    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).)
    PHILIP M FRIEDMANN
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Commonfund Cap Priv Equity VII-Charity
    15 Old Danbury Road
    Wilton,CT06897     		None N/A GENERAL/UNRESTRICTED 6
    See attached schedule
    See attached
    See Attached,IL60605     		None N/A GENERAL/UNRESTRICTED 1,260,897
    Metropolitan Real Estate Partners Global VI LP-Charity
    299 Park Avenue Fl 35
    New York,NY10171     		None N/A GENERAL/UNRESTRICTED 16
    Total .................................bullet 3a 1,260,919
    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 ...........     		    14 5,090  
    4 Dividends and interest from securities....     14 451,931  
    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.....     01 139,513  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,535,483  
    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 2,132,017 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,132,017
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    PHILIP M FRIEDMANN FAMILY CHARITABLE
     
    TRUST DTD 11/09/98
    EIN:
    36-7252117
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 27,695 27,695   0

    TY 2020 GeneralExplanationAttachment
    Name:
    PHILIP M FRIEDMANN FAMILY CHARITABLE
     
    TRUST DTD 11/09/98
    EIN:
    36-7252117
    Identifier Return Reference Explanation
    Detailed information regarding Grants and Contributions made in 2020 Form 990-PF Part XV Page 11 Line 3A Please see details of grants/contributions made in 2020:Date Name Class Original Amount12/22/2020 Access Living Chicago, IL 17,500.0005/01/2020 AJC Chicago, IL 5,000.0009/24/2020 AJC Chicago, IL 30,000.0011/05/2020 AJC Chicago, IL 5,000.0012/22/2020 AJC Chicago, IL 10,000.0012/30/2020 AJC Chicago, IL 10,000.0008/27/2020 AJWS New York, NY 1,000.0008/27/2020 Albany Park Theater Project Chicago, IL 500.0008/27/2020 Allendale Association Lake Villa, IL 500.0008/27/2020 American Council on Science and Health New York, NY 1,000.0008/27/2020 American Indian College Fund Denver, CO 500.0008/27/2020 American Jewish World Service New York, NY 1,000.0008/27/2020 Annual Police Family Survivors Fund Titusville, FL 1,000.0008/27/2020 Anti-Defamation League Chicago, IL 20,000.0008/27/2020 Better Government Association Chicago, IL 10,000.0003/24/2020 BIG Shoulders Fund Chicago, IL 10,000.0006/17/2020 BIG Shoulders Fund Chicago, IL 10,000.0007/28/2020 BIG Shoulders Fund Chicago, IL 1,000.0008/27/2020 Birthright Israel Foundation New York, NY 1,000.0008/27/2020 Brain Research Foundation Chicago, IL 2,000.0009/24/2020 Brain Research Foundation Chicago, IL 2,500.0008/27/2020 Bright Prospect Pomona, CA 1,000.0008/27/2020 CAMERA Washington, DC 10,000.0008/27/2020 Capital Research Center Washington, DC 1,000.0009/24/2020 CDGA Foundation Lemont, IL 1,000.0005/07/2020 Center for Enriched Living Riverwoods, IL 5,000.0008/27/2020 CFACT Washington, DC 1,000.0008/27/2020 Chicago Jesuit Academy Chicago, IL 10,000.0004/28/2020 Chicago Symphony Orchestra Chicago, IL 10,000.0007/28/2020 Clare Boothe Luce Policy Inst. Merrifield, VA 10,000.0005/07/2020 Coalition to Salute America's Heroes Wilton, CT 500.0005/07/2020 Coalition to Salute America's Heroes Wilton, CT 1,000.0008/27/2020 Companions for Heroes Lake Hopatcong, NJ 1,000.0008/27/2020 Competitive Enterprise Inst. Washington, DC 1,000.0008/27/2020 Daniel Murphy Scholorship Foundation Chicago, IL 10,000.0007/28/2020 David Horowitz Freedom Center Sherman Oaks, CA 100.0008/27/2020 David Horowitz Freedom Center Sherman Oaks, CA 15,000.0007/28/2020 Disabled American Veterans Defiance, OH 200.0005/22/2020 Doctors Without Borders New York, NY 1,000.0008/27/2020 down Syndrome Fund Chicago, IL 1,000.0007/28/2020 Egyptian Theatre DeKalb, IL 1,500.0001/01/2020 Elbert Guillory's America Alexandria, VA -500.0007/28/2020 Evans Scholars Foundation Golf, IL 10,000.0009/24/2020 Evans Scholars Foundation Golf, IL 500.0012/22/2020 Fire Philadelphia, PA 15,000.0012/22/2020 Foundation for Neurologic Diseases Brookline, MA 50,000.0008/27/2020 Freedom House Washington, DC 1,000.0009/24/2020 Freedom House Washington, DC 1,500.0005/22/2020 Freedom Works Washington, DC 2,000.0008/27/2020 Fugees Academy Columbus, OH 1,000.0009/24/2020 George Mason Univ. Mercatus Ctr. Fairfax, VA 5,000.0008/27/2020 George Mason University Foundation Fairfax, VA 5,000.0008/27/2020 Golf Fore Africa Chicago, IL 2,500.0005/22/2020 Greater Chicago Food Depository Chicago, IL 25,000.0009/24/2020 Greater Chicago Food Depository Chicago, IL 5,000.0012/30/2020 Greater Chicago Food Depository Chicago, IL 25,000.0003/05/2020 Guide Dogs for the Blind Smithtown, NY 1,000.0008/27/2020 Heartland Institute Chicago, IL 5,000.0001/27/2020 Hiller Int'l Washington, DC 1,000.0003/24/2020 Hiller Int'l Washington, DC 1,000.0003/24/2020 Hiller Int'l Washington, DC 1,000.0006/17/2020 Illinois Action for Children Chicago, IL 1,000.0008/27/2020 Illinois Holocaust Museum and Ed. Ctr. Chicago, IL 1,000.0008/27/2020 Illinois Policy Institute Chicago, IL 5,000.0001/14/2020 Illinois Sheriff's Association Springfield, IL 100.0005/01/2020 Independent Institute Washington, DC 2,500.0006/17/2020 Individual Rights Foundation Los angeles, CA 10,000.0008/27/2020 Individual Rights Foundation Los angeles, CA 5,000.0009/24/2020 Institute for Humane Studies Arlington, VA 5,000.0008/27/2020 Institute for Justice Arlington, VA 5,000.0008/27/2020 Jennie litvack memorial fund Washington, DC 2,500.0012/02/2020 Jewish Federation Of Metropolitan Chicago Chicago, IL 918.0012/02/2020 Jewish Federation Of Metropolitan Chicago Chicago, IL 54.0001/01/2020 Jewish United Fund Chicago, IL -1,000.0003/05/2020 Joffrey Ballet Chicago, IL 2,500.0008/27/2020 Judicial Watch Pueblo, CO 20,000.0009/24/2020 Judicial Watch Pueblo, CO 20,000.0005/07/2020 Lakeview Pantry Chicago, IL 10,000.0008/27/2020 Lakeview Pantry Chicago, IL 5,000.0005/07/2020 Leadership Institute Chicago, IL 10,000.0005/07/2020 Leadership Institute Chicago, IL 1,550.0008/27/2020 Leadership Institute Chicago, IL 2,500.0012/30/2020 Leadership Institute Chicago, IL 5,000.0005/22/2020 Lincoln Park Zoo Chicago, IL 500.0003/24/2020 Luminarts Cultural Foundation Chicago, IL 500.0008/27/2020 Lyric Opera of Chicago Chicago, IL 10,000.0006/17/2020 Manhattan Inst. for Policy Research New York, NY 10,000.0007/28/2020 Maywood Fine Arts Maywood, IL 2,500.0008/27/2020 Media Research Center Alexandria, VA 20,000.0009/24/2020 Media Research Center Alexandria, VA 20,000.0008/27/2020 Memorial Sloan Kettering Cancer Ctr New York, NY 5,000.0008/27/2020 Mercatus Center, George Mason Univ Arlington, VA 15,000.0003/24/2020 Merit School of Music Chicago, IL 1,000.0011/05/2020 Moving Picture Institute New York, NY 500.0007/28/2020 Mutts with a Mission Ruckersville, VA 750.0008/27/2020 NAMI Illinois Springfield, IL 500.0008/27/2020 New Moms, Inc Chicago, IL 0.0009/24/2020 Officer Relief Fund Sarasota, FL 500.0007/28/2020 Operation Homefront San Antonio, TX 250.0007/28/2020 Paralyzed Veterans of America Washington, DC 1,000.0005/07/2020 Parents Television Council Los Angeles, CA 10,000.0008/27/2020 Partners In Health Boston, MA 5,000.0007/28/2020 PAWS Chicago, IL 1,000.0003/05/2020 Peggy Notebaert Nature Museum Chicago, IL 2,500.0003/05/2020 Radio America Arlington, VA 1,000.0001/01/2020 Rush University Medical Center Chicago, IL -1,000.0012/22/2020 Rush University Medical Center Chicago, IL 75,000.0012/31/2020 Self Help Home Chicago, IL 200,000.0008/27/2020 SGA Youth Family Services Chicago, IL 2,000.0012/30/2020 Shirley Ryan Ability Center Chicago, IL 0.0012/30/2020 Shirley Ryan Ability Center Chicago, IL 25,000.0008/27/2020 Shoah Foundation Institute Los Angeles, CA 10,000.0008/27/2020 Shriners Hospitals for Children Tampa, FL 5,000.0009/10/2020 Simon Wiesenthal Center Los Angeles, CA 1,000.0012/22/2020 Simon Wiesenthal Center Los Angeles, CA 100,000.0009/24/2020 SOS Outreach Avon, CO 250.0007/28/2020 St Joseph's Indian School Chamberlain, SD 450.0008/27/2020 St. Baldrick's Foundation Monrovia, CA 1,000.0008/27/2020 St. Joseph's Indian School Chamberlain, SD 500.0009/24/2020 Stand with Us Los Angeles, CA 15,000.0008/27/2020 State Policy Network Washington, DC 2,500.0009/24/2020 Students for Liberty Arlington, VA 3,000.0003/24/2020 Teach for America Chicago, IL 10,000.0005/22/2020 Temple Sholom Chicago, IL 1,000.0008/27/2020 Temple Sholom Chicago, IL 5,000.0003/24/2020 The Ark Chicago, IL 1,000.0008/27/2020 The Bill of Rights Institute Arlington, VA 1,000.0003/05/2020 The David Horowits Freedom CenterSherman Oaks, CA 525.0009/24/2020 The Field Museum Chicago, IL 6,000.0008/27/2020 The Heritage Foundation Washington, DC 10,000.0009/24/2020 The Heritage Foundation Washington, DC 25,000.0001/14/2020 The Hudson Institute Washington, DC 25,000.0008/27/2020 The Night Ministry Chicago, IL 1,000.0008/27/2020 The Selfhelp Home Chicago, IL 1,500.0005/22/2020 The Woman's Board of RuMC Chicago, IL 1,000.0008/27/2020 Tunnel to Towers Staten Island, NY 0.0008/27/2020 Tunnel to Towers Staten Island, NY 5,000.0009/24/2020 Turning Point USA Lemont, IL 30,000.0007/28/2020 Tuskegee airmen museum Tuskegee, AL 250.0012/22/2020 U.S. Holocaust Mem Museum Chicago, IL 50,000.0005/22/2020 university of Chicago Chicago, IL 2,000.0007/28/2020 US Holocaust Chicago, IL 2,500.0001/14/2020 William F. Buckley Program New Haven, CT 5,000.0008/27/2020 World Jewish Congress New York, NY 25,000.0009/24/2020 Young America's Foundation Herndon, VA 2,500.0005/07/2020 Young Men's Educational Network Chicago, IL 2,000.0008/27/2020 Zionist Organization New York, NY 10,000.00 Total 1,260,897.00

    TY 2020 InvestmentsOtherSchedule2
    Name:
    PHILIP M FRIEDMANN FAMILY CHARITABLE
     
    TRUST DTD 11/09/98
    EIN:
    36-7252117
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Vanguard Fund Investments AT COST 949,836 2,936,919
    Commonfund Capital Private Equity Ptnrs Fund VII-via K-1 AT COST 109,162 67,245
    State Street-Fixed Income Funds AT COST 5,910,379 6,121,203
    State Street-Foreign Assets AT COST 566,340 719,798
    Tiff Multi Asset Fund Thru State Street AT COST 2,243,916 2,425,693
    Commonfund Capital International Ptnrs Fund VI via K-1 AT COST 40,186 99,425
    Strategic Real Estate Fund III- via K-1 AT COST 56,185 27,043
    State Street-Money Funds AT COST 189,844 189,844
    State Street-Other Equities AT COST 2,558,035 3,755,205
    State Street-Mutual Funds AT COST 580,565 618,618
    Adage Capital Partners via K-1 AT COST 5,094,349 7,051,162
    Siguler Guff Distressed Opps Fd III via K-1 AT COST 38,421 91,089
    PFICs (GoldenTree Inv't & Oaktree OCM Opp Fd VII) AT COST 1,619,008 2,314,444
    Spring Health/Windhorse Internationsl LtdWindhorse Internationsl Ltd AT COST 40,000 40,000
    Thirteen Offshore Fund Ltd AT COST 900,000 1,559,960
    Metropolitan Real Estate Partners Global VI AT COST 150,528 171,138
    Siguler Guff Distressed Opps Fd III Receivable AT COST 106,873 106,873
    Strategic Real Estate Fund III Receivable AT COST 10,057 10,057
    Charles Schwab Money Market AT COST 4,011 4,011
    Other Receivable AT COST 29,836 29,836
    Echo Street Goodco II LP AT COST 1,151,046 1,898,456
    Strategic Partners Offshore VIII AT COST 214,987 292,328
    Adage Capital Partners Receivable AT COST 500,000 500,000
    Flexpoint Ford Receivable AT COST 16,674 16,674

    TY 2020 OtherExpensesSchedule
    Name:
    PHILIP M FRIEDMANN FAMILY CHARITABLE
     
    TRUST DTD 11/09/98
    EIN:
    36-7252117
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Advisory Fees-Brownson, Rehmus & Foxworth 100,000 100,000   0
    Strategic Real Estate Fund III-Deductions 1,449 1,449   0
    State Street Fees 5,389 5,389   0
    Commonfund Capital Private Equity Partners Fund VII-Deductions 2,382 2,382   0
    Commonfund Capital International Partners VI-Expenses 1,201 1,201   0
    Adage Capital Partners LP-Via K-1-Expenses 98,720 98,720   0
    Bank Charges 1,016 1,016   0
    Office Expenses 219 219   0
    Siguler Guff Distressed Opportunities Fund III-Deductions 1,267 1,267   0
    Metropolitan Real Estate Partners Global VI-Deductions 4,890 4,890   0
    Echo Street Goodco Select II LP 10,704 10,704   0
    Echo Street Goodco Select II LP-Book Income 319,980 0   0
    Adage Capital Partners LP-Via K-1-Book 1,081,917 0   0
    Subscriptions 179 179   0


    TY 2020 OtherIncomeSchedule2
    Name:
    PHILIP M FRIEDMANN FAMILY CHARITABLE
     
    TRUST DTD 11/09/98
    EIN:
    36-7252117
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Commonfund Capital International Partners VI-Book Adj -7,038 0 -7,038
    Strategic Real Estate Fund III-Ordinary 24 24 24
    Strategic Real Estate Fund III-R/E -703 -703 -703
    Strategic Real Estate Fund III-Other Income 916 916 916
    Strategic Real Estate Fund III-Book Adj 26,039 0 26,039
    Commonfund Capital Private Equity Partners VII-Other Income 700 700 700
    Adage Capital Partners LP-Other Income 57,768 57,768 57,768
    Siguler Guff Distressed Opportunities Fund III- Book Adj -39,060 0 -39,060
    Siguler Guff Distressed Opportunities Fund III- Other Income -23 -23 -23
    Commonfund Capital Private Equity Partners Fund VII-Book Adj -16,859 0 -16,859
    Siguler Guff Distressed Opportunities Fund III- Royalty 34 34 34
    Commonfund Capital Private Equity Partners Fund VII-Ordinary/Rental -74 -74 -74
    Commonfund Capital International Partners VI-Other Income 123 123 123
    Metropolitan Real Estate Partners Global VI-Other Income 792 792 792
    Metropolitan Real Estate Partners Global VI-Ord/Rental -2,304 -2,304 -2,304
    Metropolitan Real Estate Partners Global VI-Book Adj -46,763 0 -46,763
    GoldenTree Offshore Fund 136,592 136,592 136,592
    Siguler Guff Distressed Opportunities Fund III- Ord/ Rental 115 115 115
    Commonfund Capital Private Equity Partners Fund VII-Royalties 28 28 28
    State Street Timing difference 317 0 317
    Echo Street Goodco Select II LP-Other Income 28,569 28,569 28,569
    OCM Opport. Fund VII (Cayman) Ltd-Oaktree Capital Mngmnt LP-Ordinary 85 85 85
    Commonfund Capital International Partners VI-Ordinary 98 98 98
    Other book income 137 0 137


    TY 2020 OtherLiabilitiesSchedule
    Name:
    PHILIP M FRIEDMANN FAMILY CHARITABLE
     
    TRUST DTD 11/09/98
    EIN:
    36-7252117
    Description Beginning of Year - Book Value End of Year - Book Value
    Credit Card 3,561 970


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    PHILIP M FRIEDMANN FAMILY CHARITABLE
     
    TRUST DTD 11/09/98
    EIN:
    36-7252117
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Consulting Fees 12,000 12,000   0


    TY 2020 SubstantialContributorsSch
    Name:
    PHILIP M FRIEDMANN FAMILY CHARITABLE
     
    TRUST DTD 11/09/98
    EIN:
    36-7252117
    Name Address
    PHILIP M FRIEDMANN 2430 N LAKEVIEW
    CHICAGO,IL60614


    TY 2020 TaxesSchedule
    Name:
    PHILIP M FRIEDMANN FAMILY CHARITABLE
     
    TRUST DTD 11/09/98
    EIN:
    36-7252117
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    State Street Bank-Foreign Taxes Paid 3,161 3,161   0
    Strategic Real Estate Fund III-Foreign Taxes 62 62   0
    Commonfund Capital International VI- Foreign Taxes 34 34   0
    Adage Capital Partners LP- Foreign Tax Paid 1,412 1,412   0
    Commonfund Capital Private Equity Partners VII- Foreign Taxes 75 75   0
    Echo Street Goodco Select II LP-Foreign Taxes 432 432   0
    Siguler Guff Distressed Opportunities Fund III-Foreign Tax Paid 3 3   0
    Federal Tax 4 0   0
    State Tax 15 15   0