TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2020

Open to Public Inspection

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

Name of foundation
THELMA B & THOMAS P HART FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 2670
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
RENO, NV89505

A Employer identification number

86-0881550

B Telephone number (see instructions)

(775) 788-2000

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$29,277,562J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	4,862		4,862
4	Dividends and interest from securities...	510,639		510,639
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-488,911
b	Gross sales price for all assets on line 6a 6,949,109
7	Capital gain net income (from Part IV, line 2)...			0
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	26,590		515,501
13	Compensation of officers, directors, trustees, etc.	232,000		92,800	139,200
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		29,647	14,824	14,823
c	Other professional fees (attach schedule)....		83,824	83,824	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		47,574	5,452	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	11,120		0	11,120
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		1,883	107	1,776
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	406,048		197,007	166,919
25	Contributions, gifts, grants paid.......	884,500			884,500
26	Total expenses and disbursements. Add lines 24 and 25	1,290,548		197,007	1,051,419
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-1,263,958
b	Net investment income (if negative, enter -0-)			318,494
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	6,883,414	3,310,132	3,310,132
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	496,852	761,731	780,391
	b	Investments—corporate stock (attach schedule).......	3,581,780	4,661,635	7,543,474
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	10,985,774	11,943,713	17,638,526
	14	Land, buildings, and equipment: basis 5,039
		Less: accumulated depreciation (attach schedule) 5,039	0	0	5,039
	15	Other assets (describe )	1,257	0	0
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	21,949,077	20,677,211	29,277,562
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	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	21,949,077	20,677,211
	29	Total net assets or fund balances (see instructions).....	21,949,077	20,677,211
	30	Total liabilities and net assets/fund balances (see instructions).	21,949,077	20,677,211

Part III

Analysis of Changes in Net Assets or Fund Balances

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

21,949,077

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

-1,263,958

Other increases not included in line 2 (itemize) bullet

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

20,685,119

Decreases not included in line 2 (itemize) bullet

7,908

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

20,677,211

Form 990-PF (2020)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation
1 a	BLACKSTONE DEBT CL A - DISTRIBUTIONS IN EXCESS OF BASIS	P
b	LC ASIA (OFFSHORE) CL A - DISTRIBUTIONS IN EXCESS OF BASIS	P
c	PEG SECONDARY INVESTORS - DISTRIBUTIONS IN EXCESS OF BASIS	P
d	BLACKSTONE DEBT OFFSHORE - DISTRIBUTIONS IN EXCESS OF BASIS	P
e	SCHWAB 9742
	SCHWAB 4753
	SCHWAB 3424
	SCHWAB 1132
	SILVER CREEK LOW VOL STRATEGIES II - DISTRIBUTIONS IN EXCESS OF BASIS	P
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	96		96
b	147,276	76,256	71,020
c	4,820		4,820
d	56		56
e	3,378,202	2,861,461	516,741
	213,832	218,196	-4,364
	465,944	524,665	-58,721
	2,677,784	3,757,442	-1,079,658
	180		180
	60,919		60,919

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			96
b			71,020
c			4,820
d			56
e			516,741
			-4,364
			-58,721
			-1,079,658
			180
			60,919

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-488,911
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

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

1 Reserved

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

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

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

Form 990-PF (2020)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	4,427
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	4,427
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	4,427
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	31,537
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	31,537
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	27,110
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax4,440	Refunded	11	22,670

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

MARK W KNOBEL Telephone no. bullet

(775) 788-2000

Located at bullet

100 WEST LIBERTY STREET 10TH FLOORRENONV ZIP+4 bullet

89501

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
CRAIG KARRASCH	TRUSTEE 7.00	116,000
P O BOX 2670 RENO,NV89505	TRUSTEE 7.00	116,000
MARK KNOBEL	TRUSTEE 8.00	116,000
P O BOX 2670 RENO,NV89505	TRUSTEE 8.00	116,000

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


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









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

Form 990-PF (2020)

Page 7

Part VIII

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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2020)

Page 8

Part X

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

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

purposes:

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

23,562,629

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

3,788,174

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

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

27,350,803

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

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

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

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

27,350,803

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

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

410,262

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

26,940,541

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

1,347,027

Part XI

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

and do not complete this part.)

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

1,347,027

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

4,427

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

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

4,427

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

1,342,600

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

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

1,342,600

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

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

1,342,600

Part XII

Qualifying Distributions (see instructions)

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

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

1,051,419

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

1,051,419

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

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

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

1,051,419

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

Form 990-PF (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

	(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7				1,342,600
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......			611,274
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: $ 1,051,419
a Applied to 2019, but not more than line 2a			611,274
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.....				440,145
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 ..........				902,455
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...	0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....
e Excess from 2020....

Form 990-PF (2020)

Page 10

Part XIV

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

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

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

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

MARK W KNOBEL
P O BOX 2670
RENO,NV89505
(775) 788-2000

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

N/A

cAny submission deadlines:

NONE PER SE, BUT RECOMMENDED SUBMISSION BY JUNE OF EACH YEAR

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

GRANTS ARE GENERALLY (BUT NOT EXCLUSIVELY) MADE TO ORGANIZATIONS IN NORTHERN NEVADA, NORTHERN CALIFORNIA, AND HAWAII. PROMARY FIELDS FOR WHICH GRANTS ARE MADE ARE EDUCATION, CHILDREN'S PROGRAMS, SERVICE ANIMAL PROGRAMS, HEALTH AND COMMUNITY-BASED PROGRAMS

Form 990-PF (2020)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ARTOWN 528 WEST FIRST STREET RENO,NV89503	NONE	PC	FAMILY SERIES	10,000
AWAKEN 433 SPOKANE STREET RENO,NV89512	NONE	PC	OPERATIONAL SUPPORT	7,500
BIG BROTHERS BIG SISTERS 1300 FOSTER DRIVE SUITE 210 RENO,NV89509	NONE	PC	MENTOR PROGRAM	20,000
BISHOP MUSEUM 1525 BERNICE STREET HONOLULU,HI96817	NONE	PC	OPERATIONAL SUPPORT	30,000
BOYS AND GIRLS CLUB OF TRUCKEE MEADOWS 2680 EAST NINTH STREET RENO,NV89512	NONE	PC	CAPITAL IMPROVEMENTS	50,000
CANINE COMPANIONS 2465 DUTTON AVENUE SANTA ROSA,CA95402	NONE	PC	PTSD TRAINING EXPANSION	40,000
CARE CHEST OF SIERRA NEVADA 7910 NORTH VIRGINIA STREET RENO,NV89506	NONE	PC	MEDICAL RESOURCE PROGRAM	10,000
CATHOLIC CHARITIES OF NORTHERN NEVADA P O BOX 5099 RENO,NV89513	NONE	PC	ST VINCENT'S DINING ROOM	5,000
CHILDREN'S CABINET 1090 SOUTH ROCK BOULEVARD RENO,NV89502	NONE	PC	CASE MANAGEMENT SERVICES	20,000
CLEVELAND CLINIC LOU RUVO CENTER FOR BRAIN HEALTH 888 WEST BONNEVILLE AVENUE LAS VEGAS,NV89106	NONE	PC	SUPPORT SERVICE/TRANSPORTATION	25,000
COMMUNITIES IN SCHOOLS OF WESTERN NEVADA 241 RIDGE STREET 280 RENO,NV89501	NONE	PC	FILL THE BUS	2,000
DOMESTIC VIOLENCE RESOURCE CENTER 1735 VASSAR STREET RENO,NV89502	NONE	PC	PROGRAM SUPPORT	20,000
EAGLE VALLEY CHILDREN'S HOME 2300 EAGLE VALLEY RANCH ROAD CARSON CITY,NV89703	NONE	PC	RESPITE CARE	15,000
FEEDING PETS OF THE HOMELESS 400 WEST KING STREET 200 CARSON CITY,NV89703	NONE	PC	OPERATIONAL SUPPORT	2,500
FOOD BANK OF NORTHERN NEVADA 550 ITALY DRIVE MCCARRAN,NV89434	NONE	PC	OPERATIONAL SUPPORT	50,000
GIRL SCOUTS OF THE SIERRA NEVADA 605 WASHINGTON STREET RENO,NV89503	NONE	PC	LOW-INCOME FAMILIES OUTREACH	10,000
GREATER RENO COMMUNITY ICE SKATING ASSOCIATION 15500 WEDGE PARKWAY RENO,NV89511	NONE	PC	CAPITAL CAMPAIGN	50,000
GUIDE DOGS FOR THE BLIND 350 LOS RANCHITOS ROAD SAN RAFAEL,CA94903	NONE	PC	PUPPY CENTER	100,000
HIGH FIVES FOUNDATION 10775 PIONEER TRAIL TRUCKEE,CA96161	NONE	PC	FEED OUR HEROES	5,000
JUVENILE DIABETES REASERCH FOUNDATION 645 SIERRA ROSE DRIVE 106 RENO,NV89511	NONE	PC	FIND A CURE	5,000
KNPB - PUBLIC BROADCASTING SERVICE 1670 NORTH VIRGINIA STREET RENO,NV89503	NONE	PC	READY TO LEARN	20,000
NATIONAL AUTOMOBILE MUSEUM 10 SOUTH LAKE STREET RENO,NV89501	NONE	PC	STEM PROGRAM	10,000
NATIONAL DISASTER SEARCH DOG FOUNDATION 6800 WHEELER CANYON ROAD SANTA PAULA,CA93060	NONE	PC	CANINE PAVILION RENOVATION	50,000
NEVADA DISCOVERY MUSEUM 490 SOUTH CENTER STREET RENO,NV89501	NONE	PC	EDUCATIONAL PROGRAMS	20,000
NEVADA HEALTH CENTER 3325 RESEARCH WAY CARSON CITY,NV89706	NONE	PC	MAMMOVAN	10,000
NEVADA MUSEUM OF ART 160 WEST LIBERTY STREET RENO,NV89501	NONE	PC	EXHIBIT SPONSORSHIP	50,000
NEVADA VETERANS MEMORIAL PLAZA 300 HOWARD DRIVE SPARKS,NV89434	NONE	PC	PHASE 2 CONSTRUCTION	25,000
NORTHERN NEVADA CHILDREN'S CANCER FOUNDATION 3550 BARRON WAY 9A RENO,NV89511	NONE	PC	OPERATIONAL SUPPORT	7,500
RENO BIKE PROJECT 216 EAST GROVE STREET RENO,NV89502	NONE	PC	OPERATIONAL SUPPORT	2,500
RENO PHILHARMONIC ASSOCIATION 925 RIVERSIDE DRIVE SUITE 3 RENO,NV89503	NONE	PC	PROGRAM SUPPORT	5,000
RENOWN HEALTH FOUNDATION 1300 MILL STREET RENO,NV89502	NONE	PC	FIANNA'S HEALING GARDEN	20,000
SAFE TALK FOR TEENS 6490 SOUTH MCCARRAN BOULEVARD BUILDING D36 RENO,NV89509	NONE	PC	PROGRAN SUPPORT	5,000
SIERRA NEVADA JOURNEYS 190 EAST LIBERTY STREET RENO,NV89501	NONE	PC	GRIZZLY CREEK RANCH	30,000
SKY TAVERN JUNIOR SKI PROGRAM 21330 MT ROSE HIGHWAY RENO,NV89511	NONE	PC	OPERATIONAL SUPPORT	2,500
TRUCKEE TRAILS FOUNDATION P O BOX 1751 TRUCKEE,CA96160	NONE	PC	OPERATIONAL SUPPORT	5,000
UNIVERSITY OF NEVADA RENO FOUNDATION UNIVERSITY OF NEVADA RENO,NV89557	NONE	PC	E L WIEGAND FITNESS CENTER CONSTRUCTION	50,000
UNIVERSITY OF NEVADA RENO FOUNDATION UNIVERSITY OF NEVADA RENO,NV89557	NONE	PC	BASKETBALL PRACTICE FACILITY	50,000
UNIVERSITY OF PACIFIC MCGEORGE LAW 3200 FIFTH AVENUE SACRAMENTO,CA95817	NONE	PC	JUSTICE ANTHONY KENNEDY ENDOWED CHAIR	40,000
URBAN ROOTS 1700 EAST 2ND STREET RENO,NV89502	NONE	PC	OPERATIONAL SUPPORT/PRESSING NEEDS	5,000
Total ................................. 3a				884,500

bApproved for future payment

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

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	4,862
4 Dividends and interest from securities....			14	510,639
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	-488,911
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		26,590	0

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

26,590

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2020)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

THELMA B & THOMAS P HART FOUNDATION

EIN:

86-0881550

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING	29,647	14,824		14,823

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

THELMA B & THOMAS P HART FOUNDATION

EIN:

86-0881550

Name of Stock	End of Year Book Value	End of Year Fair Market Value
SCHWAB 9742 - CONOCO PHILLIPS	29,250	19,995
SCHWAB 9742 - INVESCO LTD	32,040	34,860
SCHWAB 9742 - JPMORGAN CHASE & CO	34,530	127,070
SCHWAB 3424 - A T & T INC	5,297	23,008
SCHWAB 3424 - AMC NETWORKS INC	9,091	31,299
SCHWAB 3424 - AMERICAN EXPRESS CO	42,252	181,365
SCHWAB 3424 - AMPCO-PITTSBURGH CORP	108,561	62,231
SCHWAB 3424 - ARMSTRONG FLOORING INC	5,012	5,730
SCHWAB 3424 - ASTEC INDUSTRIES INC	44,898	69,456
SCHWAB 3424 - AXALTA COATING SYSTEMS LTD	30,581	34,260
SCHWAB 3424 - AZZ INC	16,409	23,720
SCHWAB 3424 - BAUSCH HEALTH CO	16,796	20,800
SCHWAB 3424 - BOEING CO	29,994	107,030
SCHWAB 3424 - BROWN-FORMAN CORP CL A	18,355	88,164
SCHWAB 3424 - BUNGE LTD	74,658	78,696
SCHWAB 3424 - C T S CORP	11,112	34,330
SCHWAB 3424 - CAMPBELL SOUP CO	58,922	96,700
SCHWAB 3424 - CAVCO INDUSTRIES INC	13,473	122,815
SCHWAB 3424 - CHART INDUSTRIES INC	13,252	47,116
SCHWAB 3424 - CHEMED CORP	3,544	79,892
SCHWAB 3424 - CIRCOR INTERNATIONAL INC	27,636	57,660
SCHWAB 3424 - CNH INDUSTRIAL NV	54,823	70,620
SCHWAB 3424 - CRANE CO	39,725	93,192
SCHWAB 3424 - DANONE SPONS ADR	63,405	78,600
SCHWAB 3424 - DEERE & CO	37,839	322,860
SCHWAB 3424 - DENTSPLY SIRONA INC	20,956	41,888
SCHWAB 3424 - DIEBOLD NIXDORF	65,517	58,630
SCHWAB 3424 - DISCOVERY INC SER A	22,413	30,090
SCHWAB 3424 - DISCOVERY INC SER C	3,495	15,714
SCHWAB 3424 - DISH NETWORK CORP	24,346	25,872
SCHWAB 3424 - DRIL-QUIP INC	164,250	118,480
SCHWAB 3424 - EDGEWELL PERSONAL CARE	134,755	121,030
SCHWAB 3424 - ENPRO INDUSTRIES INC	33,606	37,760
SCHWAB 3424 - EVERGY INC	11,544	33,306
SCHWAB 3424 - EVERSOURCE ENERGY	10,915	43,255
SCHWAB 3424 - FERRO CORP	52,857	58,520
SCHWAB 3424 - FLOWSERVE CORP	24,520	66,330
SCHWAB 3424 - FOMENTO ECONOMICO MEX	27,596	68,193
SCHWAB 3424 - FOX CORP	33,841	28,880
SCHWAB 3424 - G C P APPLIED TECHNOLOGIES	121,993	106,425
SCHWAB 3424 - GATX CORP	54,291	124,770
SCHWAB 3424 - GENERAL MILLS INC	27,620	70,560
SCHWAB 3424 - GRACO INC	34,505	101,290
SCHWAB 3424 - GRIFFON CORP	19,140	40,760
SCHWAB 3424 - GRUPO TELEVISA SA	45,201	32,960
SCHWAB 3424 - HERC HLDGS INC	82,740	146,102
SCHWAB 3424 - HONEYWELL INTERNATIONAL INC	13,477	106,350
SCHWAB 3424 - INTERPUBLIC GROUP OF COS	39,448	47,040
SCHWAB 3424 - INTL FLAVORS & FRAGRANCES	24,115	54,420
SCHWAB 3424 - ITT INC	12,408	57,765
SCHWAB 3424 - JM SMUCKER CO	105,163	115,600
SCHWAB 3424 - KAMAN CORP	11,957	57,130
SCHWAB 3424 - LIBERTY BROADBAND A	150	7,879
SCHWAB 3424 - LIBERTY BROADBAND C	1,549	20,746
SCHWAB 3424 - LIBERTY GLOBAL PLC A	4,546	14,532
SCHWAB 3424 - LIBERTY GLOBAL PLC C	12,925	42,570
SCHWAB 3424 - LIBERTY LATIN AMERICA CL A	915	1,158
SCHWAB 3424 - LIBERTY LATIN AMERICA CL C	3,517	4,857
SCHWAB 3424 - LIBERTY MEDIA SER A	67	1,900
SCHWAB 3424 - LIBERTY MEDIA SER A BRAVES	22,513	29,844
SCHWAB 3424 - LIBERTY MEDIA SER C	129	4,260
SCHWAB 3424 - LIBERTY MEDIA SER C BRAVES	29,510	37,320
SCHWAB 3424 - M S G NETWORK INC	1,121	8,844
SCHWAB 3424 - MADISON SQUARE GARDEN CO	2,376	36,820
SCHWAB 3424 - MADISON SQUARE GARDEN ENTERTAINMENT	898	21,008
SCHWAB 3424 - MARINE PRODUCTS CORP	11,955	24,122
SCHWAB 3424 - MILLICOM INTL CELLULAR SA	89,456	62,048
SCHWAB 3424 - MODINE MANUFACTURING	11,933	15,072
SCHWAB 3424 - MONDELEZ INTERNATIONAL INC	18,812	58,470
SCHWAB 3424 - MUELLER INDUSTRIES INC	65,338	77,242
SCHWAB 3424 - MUELLER WATER PRODUCTS INC	24,842	24,760
SCHWAB 3424 - MYERS INDUSTRIES INC	16,770	41,560
SCHWAB 3424 - NAVISTAR INTERNATIONAL CORP	9,275	17,584
SCHWAB 3424 - NOBILITY HOMES INC	21,712	24,500
SCHWAB 3424 - NORTHERN TRUST CORP	47,336	93,140
SCHWAB 3424 - NTNL BEVERAGE CO	9,788	16,980
SCHWAB 3424 - NTNL FUEL GAS CO	41,050	41,130
SCHWAB 3424 - O'REILLY AUTOMOTIVE INC	4,035	67,886
SCHWAB 3424 - ORTHOFIX MEDICAL INC	11,197	21,490
SCHWAB 3424 - PATTERSON COS INC	108,411	118,520
SCHWAB 3424 - R P C INC	7,681	11,812
SCHWAB 3424 - RESIDEO TECHNOLOGIES INC	405	1,764
SCHWAB 3424 - ROGERS COMMUNICATION INC	13,010	46,590
SCHWAB 3424 - SCRIPPS EW CO A	27,427	31,650
SCHWAB 3424 - SENSIENT TECHNOLOGIES CORP	8,106	29,508
SCHWAB 3424 - SINCLAIR BROADCAST GROUP A	17,176	79,625
SCHWAB 3424 - STATE STREET CORP	23,731	36,390
SCHWAB 3424 - STERLING BANCORP	12,507	22,691
SCHWAB 3424 - SWEDISH MATCH	44,953	62,824
SCHWAB 3424 - TEXAS INSTRUMENTS INC	12,179	82,065
SCHWAB 3424 - TEXTRON INC	39,369	48,330
SCHWAB 3424 - THE COCA-COLA CO	65,398	148,068
SCHWAB 3424 - TREDEGAR CORP	16,628	16,700
SCHWAB 3424 - TRINITY INDUSTRIES INC	29,471	39,585
SCHWAB 3424 - US CELLULAR CORP	46,084	30,690
SCHWAB 3424 - VALVOLINE INC	40,988	46,280
SCHWAB 3424 - VIACOMCBS INC CL A	62,576	60,361
SCHWAB 3424 - WASTE MANAGEMENT INC	63,857	188,688
SCHWAB 3424 -XYLEM INC	38,074	152,685
SCHWAB 3424 - ZIMMER HOLDINGS INC	31,363	77,045
SCHWAB 1132 - APOLLO GLOBAL 6.375% PFD	71,071	95,071
SCHWAB 1132 - ATHENE HOLDING 6.35% PFD	4,965	5,106
SCHWAB 1132 - BANC OF CALIFORNIA 7% PFD	13,672	13,794
SCHWAB 1132 - BANK OF AMERICA 7.25% PFD	69,471	86,559
SCHWAB 1132 - BRIGHTHOUSE FINL 6.6% PFD	10,697	12,510
SCHWAB 1132 - CAPITAL ONE FINL 5% PFD	4,959	5,052
SCHWAB 1132 - CHS INC 7.5% PFD	211,330	238,009
SCHWAB 1132 - CITIGROUP INC 6.875% PFD	62,077	78,522
SCHWAB 1132 - ENSTAR GROUP LIMITED 7% PFD	65,811	87,556
SCHWAB 1132 - EQUITABLE HOLDINGS 5.25% PFD	4,989	5,062
SCHWAB 1132 - FIRST HORIZON 6.6% PFD	15,839	19,524
SCHWAB 1132 - FIRST REPUBLIC 4.7% PFD	5,014	5,033
SCHWAB 1132 - GLOBAL MED 7.5% PFD	87,490	97,037
SCHWAB 1132 - PLYMOUTH INDUSTRIAL 7.5% PFD	24,318	26,361
SCHWAB 1132 - REGIONS FINL 6.375% PFD	5,630	6,046
SCHWAB 1132 - STAG INDUSTRIES 6.875% PFD	59,859	68,065
SCHWAB 1132 - WELLS FARGO & CO 7.5% PFD	70,333	92,592
SCHWAB 1132 - WINTRUST FINL 6.5% PFD	5,576	6,169
SCHWAB 1132 - ALGONQUIN POWER 6.875% PFD	61,708	81,921
SCHWAB 1132 - BRUNSWICK CORP 6.625% PFD	13,599	14,498
SCHWAB 1132 - CITIGROUP CAP 7.6811% PFD	61,204	69,540
SCHWAB 1132 - COWEN INC 7.75% PFD	184,876	185,416
SCHWAB 1132 - ENBRIDGE INC 6.375% PFD	4,954	4,976
SCHWAB 1132 - GLOBAL INDUSTRY 7.875% PFD	66,083	90,436
SCHWAB 1132 - QWEST CORP 6.75% PFD	238,979	257,085
SCHWAB 1132 - REINSURANCE GROUP 6.2% PFD	2,269	2,475
SCHWAB 1132 - TELEPHONE AND DATA 7% PFD	2,250	2,275
SCHWAB 1132 - US CELLULAR CORP 7.25% PFD	9,785	10,988
SCHWAB 1132 - WESTERN ALLIANCE 6.25% PFD	5,594	5,614

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

THELMA B & THOMAS P HART FOUNDATION

EIN:

86-0881550

US Government Securities - End of Year Book Value:

761,731

US Government Securities - End of Year Fair Market Value:

780,391

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

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

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

THELMA B & THOMAS P HART FOUNDATION

EIN:

86-0881550

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
MORGAN 8004 - BLACKSTONE PARTNERS OFFSHORE FUND CC2	AT COST	1,649,998	2,710,033
MORGAN 8009 - LC ASIA PRIVATE INVESTORS (OFFSHORE) CLASS A)	AT COST	0	243,083
MORGAN 8009 - PEG SECONDARY PRIVATE EQUITY INVESTORS II	AT COST	50,386	280,013
GABELLI ASSOCIATES LIMITED CLASS A	AT COST	253,287	361,886
MORGAN 8009 - PEG SECONDARY INVESTORS	AT COST	0	67,085
SCHWAB 9742 - ISHARES RUSSELL 2000 ETF	AT COST	221,227	389,179
SCHWAB 9742 - SCHWAB US AGGREGATE BOND	AT COST	500,042	526,122
SCHWAB 9742 - SPDR DOUBLELINE TOTAL RETURN	AT COST	250,900	246,400
SCHWAB 9742 - SPDR S&P 500 ETF	AT COST	3,427,389	5,897,611
SCHWAB 9742 - VANGUARD FTSE EMERGING	AT COST	447,235	560,480
SCHWAB 9742 - VANGUARD REAL ESTATE	AT COST	442,401	401,259
SCHWAB 9742 - VANGUARD TOTAL BOND	AT COST	500,171	528,434
SCHWAB 9742 - VANGUARD S/T INVESTMENT	AT COST	123,619	127,162
SCHWAB 9742 - ARTISAN INTL VALUE FUND	AT COST	364,887	652,925
SCHWAB 9742 - DFA GLOBAL EQUITY	AT COST	363,546	579,323
SCHWAB 9742 - DFA US SMALL CAP VALUE	AT COST	215,757	270,034
SCHWAB 9742 - DODGE & COX INTL STOCK FUND	AT COST	209,547	236,376
SCHWAB 9742 - MATTHEWS PACIFIC TIGER	AT COST	309,595	630,605
SCHWAB 9742 - PRIMECAP ODYSSEY STOCK FUND	AT COST	187,960	276,125
SCHWAB 4753 - FIXED INCOME SHARES SER C	AT COST	358,314	379,495
SCHWAB 4753 - FIXED INCOME SHARES SER M	AT COST	369,688	376,477
SCHWAB 3424 - AMPCO-PITTSBURGH CORP RTS	AT COST	0	10,560
SCHWAB 3424 - RYNMAN HOSPITALITY PROPERTIES	AT COST	24,713	76,636
SCHWAB 6194 - BROOKFIELD INFRASTRUCTURE	AT COST	99,888	149,010
SCHWAB 6194 - INVESCO QQQ TRUST	AT COST	249,018	274,209
SCHWAB 6194 - INVESCO S&P 500 QUALITY	AT COST	249,466	268,578
SCHWAB 6194 - VANUARD REAL ESTATE	AT COST	98,914	104,294
SCHWAB 6194 - VANGUARD SMALL CAP	AT COST	200,553	205,582
SCHWAB 6194 - MATTHEWS ASIA TOTAL RETURN	AT COST	200,025	200,178
SCHWAB 6194 - SEMPER SHORT DURATION INST	AT COST	225,075	227,225
SCHWAB 6194 - LAZARD GLOBAL LISTED INFRASTRUCTURE	AT COST	100,037	103,725
SCHWAB 6194 - MATTHEWS ASIA SMALL COMP	AT COST	100,025	108,972
SCHWAB 6194 - MATTHEW PACIFIC TIGER	AT COST	150,050	169,450

- TIN:

TY 2020 LandEtcSchedule2

Name:

THELMA B & THOMAS P HART FOUNDATION

EIN:

86-0881550

Category / Item	Cost / Other Basis	Book Value	End of Year Fair Market Value
TABLE	2,374	2,374	2,374
COMPUTER TABLE	1,149	1,149	1,149
OFFICE FURNITURE	1,223	1,223	1,223
COMPUTE	293	293	293

- TIN:

TY 2020 OtherAssetsSchedule

Name:

THELMA B & THOMAS P HART FOUNDATION

EIN:

86-0881550

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
PURCHASED INTEREST	1,257

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

THELMA B & THOMAS P HART FOUNDATION

EIN:

86-0881550

Description	Amount
PRIOR PERIOD ADJUSTMENT	7,908

- TIN:

TY 2020 OtherExpensesSchedule

Name:

THELMA B & THOMAS P HART FOUNDATION

EIN:

86-0881550

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
SERVICE FEES	214	107	107
FILING FEES	325	0	325
OFFICE EXPENSE	1,344	0	1,344

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

THELMA B & THOMAS P HART FOUNDATION

EIN:

86-0881550

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT	83,824	83,824		0

- TIN:

TY 2020 TaxesSchedule

Name:

THELMA B & THOMAS P HART FOUNDATION

EIN:

86-0881550

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX	5,452	5,452		0
FEDERAL EXCISE TAX	42,122	0		0