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
HOWE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118

A Employer identification number

32-6343325

B Telephone number (see instructions)

(888) 730-4933

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

$7,345,870J 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	(c) Adjusted net 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	Dividends and interest from securities...	129,452		127,149
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		375,011
b	Gross sales price for all assets on line 6a 2,735,152
7	Capital gain net income (from Part IV, line 2)...			375,011
8	Net short-term capital gain.........				0
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).......		1,632	1,632
12	Total. Add lines 1 through 11........	506,095		503,792
13	Compensation of officers, directors, trustees, etc.	74,239		55,679		18,560
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		958	0	0	958
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		2,003	1,476		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	77,200		57,155	0	19,518
25	Contributions, gifts, grants paid.......	285,000				285,000
26	Total expenses and disbursements. Add lines 24 and 25	362,200		57,155	0	304,518
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	143,895
b	Net investment income (if negative, enter -0-)			446,637
c	Adjusted net income (if negative, enter -0-)...				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.........	273,833	224,820	224,820
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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 0
	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).......		686,529	1,746,362
	c	Investments—corporate bonds (attach schedule).......		700,925	719,572
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	5,193,933	3,994,101	4,655,116
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,467,766	5,606,375	7,345,870
	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
		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........	5,467,766	5,606,375
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	5,467,766	5,606,375
	30	Total liabilities and net assets/fund balances (see instructions).	5,467,766	5,606,375

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

5,467,766

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

143,895

Other increases not included in line 2 (itemize) bullet

1,715

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

5,613,376

Decreases not included in line 2 (itemize) bullet

7,001

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

5,606,375

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	5474.081 PIMCO CRDT OPPRT BND-INST #2028		2019-10-03	2020-01-09
b	1138. VANGUARD REAL ESTATE ETF		2019-10-03	2020-01-09
c	28. ACTIVISION BLIZZARD INC		2018-11-27	2020-01-10
d	17. ALEXION PHARMACEUTICALS INC			2020-01-10
e	6. ALIGN TECHNOLOGY INC		2015-08-03	2020-01-10
	2. ALIGN TECHNOLOGY INC		2019-08-09	2020-01-10
	8. ALPHABET INC CL C		2014-07-08	2020-01-10
	1. ALPHABET INC CL C		2019-08-09	2020-01-10
	4. AMAZON COM INC COM			2020-01-10
	45. APPLE INC		2014-07-08	2020-01-10
	20. ARISTA NETWORKS INC		2019-08-09	2020-01-10
	7. BOEING CO		2019-08-09	2020-01-10
	1. BOOKING HOLDINGS INC		2019-03-25	2020-01-10
	17. BOSTON SCIENTIFIC CORP COM		2019-08-09	2020-01-10
	62. BOSTON SCIENTIFIC CORP COM		2015-04-14	2020-01-10
	8. BROADCOM INC		2018-02-09	2020-01-10
	7. CANADIAN PAC RY LTD		2019-09-30	2020-01-10
	68. CENTENE CORP DEL		2019-12-26	2020-01-10
	62. COCA COLA CO			2020-01-10
	18. CONCHO RESOURCES INC		2014-07-08	2020-01-10
	3. CONSTELLATION BRANDS INC		2019-03-25	2020-01-10
	11. CONSTELLATION BRANDS INC		2016-11-16	2020-01-10
	26. DANAHER CORP		2017-08-23	2020-01-10
	16. DEXCOM INC		2018-09-12	2020-01-10
	15. ECOLAB INC		2019-08-09	2020-01-10
	5. ECOLAB INC		2014-07-08	2020-01-10
	40. FACEBOOK INC		2014-07-08	2020-01-10
	23. FIDELITY NATL INFORMATION SVCS INC		2016-08-12	2020-01-10
	25. FORTUNE BRANDS HOME & SECURITY		2014-07-08	2020-01-10
	16. HOME DEPOT INC		2014-07-08	2020-01-10
	26. INTERCONTINENTAL EXCHANGE INC		2019-03-25	2020-01-10
	13. ESTEE LAUDER COMPANIES INC		2014-07-08	2020-01-10
	14. LULULEMON ATHLETICA INC		2019-12-26	2020-01-10
	6. MICROSOFT CORP		2019-02-26	2020-01-10
	64. MICROSOFT CORP			2020-01-10
	43. MIDDLEBY CORP			2020-01-10
	48. MORGAN STANLEY		2017-12-26	2020-01-10
	10. NETFLIX.COM INC		2018-08-06	2020-01-10
	11. NVIDIA CORP		2018-11-27	2020-01-10
	14. NVIDIA CORP		2019-12-24	2020-01-10
	15. PRA HEALTH SCIENCES INC		2018-03-13	2020-01-10
	12. PALO ALTO NETWORKS INC		2019-12-26	2020-01-10
	11. POOL CORPORATION		2018-11-27	2020-01-10
	8. S&P GLOBAL INC		2014-12-26	2020-01-10
	6. SALESFORCE COM INC		2016-12-12	2020-01-10
	36. SALESFORCE COM INC			2020-01-10
	6. TRANSDIGM GROUP INC		2015-12-21	2020-01-10
	7. ULTA BEAUTY INC		2018-12-24	2020-01-10
	13. VERTEX PHARMACEUTICALS INC COM		2018-09-12	2020-01-10
	26. VISA INC-CLASS A SHRS		2014-07-08	2020-01-10
	28. XPO LOGISTICS INC		2017-06-05	2020-01-10
	8. ACCENTURE PLC		2014-07-08	2020-01-10
	14. JAZZ PHARMACEUTICALS PLC		2015-08-06	2020-01-10
	807.823 INV OPP DEVELOP MRKTS-R6 7038			2020-01-13
	2432.407 DIAMOND HILL LONG/SHORT-I 11		2019-10-23	2020-02-04
	2550.37 JPMORGAN MID CAP VALUE-R6 #2335			2020-02-04
	15000. HALLIBURTON COMPANY 3.500% 8/01/23		2019-10-02	2020-03-03
	33. HOME DEPOT INC		2014-07-08	2020-03-06
	122. MIDDLEBY CORP			2020-03-06
	88. MIDDLEBY CORP		2019-08-09	2020-03-06
	21. NETFLIX.COM INC		2017-06-05	2020-03-06
	1426.349 INV OPP DEVELOP MRKTS-R6 7038		2014-11-10	2020-03-11
	86. ALEXION PHARMACEUTICALS INC		2019-08-09	2020-03-11
	113. ALEXION PHARMACEUTICALS INC			2020-03-11
	1910.828 AMER CENT SMALL CAP GRWTH INST 336		2018-02-09	2020-03-11
	6111.111 T ROWE PR OVERSEAS STOCK-I #521		2017-04-27	2020-03-11
	433.802 STERLING CAPITAL STRATTON SMALL CAP		2018-02-09	2020-03-11
	7. TRANSDIGM GROUP INC		2015-12-21	2020-03-11
	1628. FINANCIAL SELECT SECTOR SPDR		2019-12-23	2020-03-12
	12007.685 METROPOLITAN WEST T/R BD-PLN #712			2020-03-13
	6868.132 TCW EMRG MKTS INCM-I 4721		2018-08-08	2020-03-13
	5000. CAPITAL ONE FINANCIA 2.500% 5/12/20		2019-10-02	2020-05-12
	25000. US TREASURY NOTE 2.625% 8/15/20		2019-10-02	2020-05-26
	15000. US TREASURY NOTE 3.125% 5/15/21		2019-10-02	2020-05-26
	11. BROADCOM INC		2018-02-09	2020-06-04
	4. CHIPOTLE MEXICAN GRILL INC		2020-03-06	2020-06-04
	41. LULULEMON ATHLETICA INC			2020-06-04
	19. NETFLIX.COM INC		2019-08-09	2020-06-04
	23. NVIDIA CORP		2018-11-27	2020-06-04
	34. POOL CORPORATION			2020-06-04
	2102. VANGUARD REAL ESTATE ETF		2019-10-03	2020-06-17
	9714.681 METROPOLITAN WEST T/R BD-PLN #712			2020-06-19
	60. ACTIVISION BLIZZARD INC		2018-11-27	2020-06-26
	15. BOEING CO		2019-08-09	2020-06-26
	39. BOEING CO		2018-12-24	2020-06-26
	59. COCA COLA CO		2019-08-09	2020-06-26
	667. COCA COLA CO			2020-06-26
	12. TRANSDIGM GROUP INC		2015-12-21	2020-06-26
	4. AMAZON COM INC COM			2020-07-13
	15. DEXCOM INC		2018-09-12	2020-07-13
	8. NETFLIX.COM INC		2017-06-05	2020-07-13
	54. TRACTOR SUPPLY CO COM		2014-07-08	2020-07-13
	160. JAZZ PHARMACEUTICALS PLC			2020-07-13
	4. JAZZ PHARMACEUTICALS PLC		2019-08-09	2020-07-13
	10000. BNP PARIBAS 5.000% 1/15/21		2019-10-02	2020-07-21
	10000. BANK OF NOVA SCOTIA 2.800% 7/21/21		2019-10-02	2020-07-21
	10000. DOWDUPONT INC 3.766% 11/15/20		2019-10-02	2020-07-21
	15000. NOVARTIS CAPITAL COR 3.000% 11/20/25		2019-10-02	2020-07-21
	757.576 ARTISAN MID CAP FUND-INS 1333		2014-07-07	2020-08-06
	865.155 JPMORGAN MID CAP VALUE-R6 #2335			2020-08-06
	42. ACTIVISION BLIZZARD INC		2018-11-27	2020-08-07
	12. ALIGN TECHNOLOGY INC		2020-06-04	2020-08-07
	6. ALPHABET INC CL C		2014-07-08	2020-08-07
	4. AMAZON COM INC COM		2014-07-08	2020-08-07
	50. APPLE INC			2020-08-07
	3. BOOKING HOLDINGS INC			2020-08-07
	90. BOSTON SCIENTIFIC CORP COM		2020-06-04	2020-08-07
	11. BROADCOM INC		2018-02-09	2020-08-07
	13. CANADIAN PAC RY LTD		2019-09-30	2020-08-07
	3. CHIPOTLE MEXICAN GRILL INC		2020-03-06	2020-08-07
	20. DANAHER CORP			2020-08-07
	8. DEXCOM INC		2018-09-12	2020-08-07
	18. ECOLAB INC		2014-07-08	2020-08-07
	37. FACEBOOK INC		2014-07-08	2020-08-07
	23. FIDELITY NATL INFORMATION SVCS INC			2020-08-07
	44. FORTUNE BRANDS HOME & SECURITY		2014-07-08	2020-08-07
	13. HOME DEPOT INC		2014-07-08	2020-08-07
	40. INTERCONTINENTAL EXCHANGE INC		2019-03-25	2020-08-07
	17. ESTEE LAUDER COMPANIES INC		2020-06-04	2020-08-07
	18. ELI LILLY & CO COM		2020-07-13	2020-08-07
	10. LULULEMON ATHLETICA INC		2019-06-28	2020-08-07
	96. MICROSOFT CORP		2016-02-04	2020-08-07
	69. MORGAN STANLEY		2019-12-26	2020-08-07
	8. NETFLIX.COM INC		2017-06-05	2020-08-07
	18. NVIDIA CORP		2018-11-27	2020-08-07
	32. PRA HEALTH SCIENCES INC			2020-08-07
	7. PALO ALTO NETWORKS INC		2019-12-26	2020-08-07
	10. PALO ALTO NETWORKS INC		2018-11-27	2020-08-07
	12. POOL CORPORATION		2018-05-09	2020-08-07
	10. S&P GLOBAL INC		2014-12-26	2020-08-07
	25. SALESFORCE COM INC		2016-12-12	2020-08-07
	27. TRACTOR SUPPLY CO COM		2014-07-08	2020-08-07
	8. TRANSDIGM GROUP INC		2015-12-21	2020-08-07
	69. TRIMBLE NAV LTD		2020-06-04	2020-08-07
	17. ULTA BEAUTY INC		2020-06-04	2020-08-07
	39. VISA INC-CLASS A SHRS		2020-03-06	2020-08-07
	5. XPO LOGISTICS INC		2019-08-09	2020-08-07
	39. XPO LOGISTICS INC		2017-06-05	2020-08-07
	19. ACCENTURE PLC		2020-03-11	2020-08-07
	153. NORWEGIAN CRUISE LINE HOLDING			2020-08-07
	10000. FED NATL MTG ASSN 2.625% 9/06/24		2019-10-02	2020-08-14
	7000. CVS HEALTH CORP 4.100% 3/25/25		2019-10-02	2020-08-25
	15000. CONAGRA BRANDS INC 3.800% 10/22/21			2020-10-19
	118. CONCHO RESOURCES INC		2020-03-06	2020-10-22
	128. CONCHO RESOURCES INC			2020-10-22
	41. DANAHER CORP			2020-10-22
	12. NVIDIA CORP		2019-08-09	2020-10-22
	8068.642 LAZARD GL LIST INFRASTR-INST 1243		2019-10-28	2020-11-09
	405.934 LAZARD GL LIST INFRASTR-INST 1243		2020-01-09	2020-11-09
	1410.493 STERLING CAPITAL STRATTON SMALL CAP			2020-11-09
	4. ALIGN TECHNOLOGY INC		2015-08-03	2020-11-10
	5. ALPHABET INC CL C		2014-07-08	2020-11-10
	2. AMAZON COM INC COM		2014-07-08	2020-11-10
	104. APPLE INC			2020-11-10
	26. ARISTA NETWORKS INC		2018-10-10	2020-11-10
	3. BOOKING HOLDINGS INC		2015-04-14	2020-11-10
	72. BOSTON SCIENTIFIC CORP COM		2020-06-04	2020-11-10
	54. BOSTON SCIENTIFIC CORP COM		2015-04-14	2020-11-10
	5. BROADCOM INC		2018-02-09	2020-11-10
	6. CANADIAN PAC RY LTD		2019-09-30	2020-11-10
	82. CENTENE CORP DEL		2019-12-26	2020-11-10
	12. CENTENE CORP DEL		2019-08-09	2020-11-10
	30. CONSTELLATION BRANDS INC		2019-03-25	2020-11-10
	8. ECOLAB INC		2014-07-08	2020-11-10
	29. FIDELITY NATL INFORMATION SVCS INC		2016-06-01	2020-11-10
	18. FLEETCOR TECHNOLOGIES INC		2020-10-22	2020-11-10
	23. INTERCONTINENTAL EXCHANGE INC		2019-03-25	2020-11-10
	5. ESTEE LAUDER COMPANIES INC		2014-07-08	2020-11-10
	6. ESTEE LAUDER COMPANIES INC		2020-06-04	2020-11-10
	17. ELI LILLY & CO COM		2020-07-13	2020-11-10
	19. MICROSOFT CORP		2016-02-04	2020-11-10
	95. MORGAN STANLEY		2017-12-26	2020-11-10
	9. PALO ALTO NETWORKS INC		2018-11-27	2020-11-10
	5. S&P GLOBAL INC		2014-12-26	2020-11-10
	10. SALESFORCE COM INC		2014-07-08	2020-11-10
	8. SERVICENOW INC		2020-06-26	2020-11-10
	61. TRIMBLE NAV LTD		2020-10-22	2020-11-10
	7. ULTA BEAUTY INC		2018-12-24	2020-11-10
	18. VERTEX PHARMACEUTICALS INC COM			2020-11-10
	33. VISA INC-CLASS A SHRS		2014-07-08	2020-11-10
	22. XPO LOGISTICS INC		2017-06-05	2020-11-10
	13. ACCENTURE PLC		2020-03-11	2020-11-10
	146. NORWEGIAN CRUISE LINE HOLDING		2016-11-22	2020-11-10
	10000. HSBC HOLDING PLC 4.000% 3/30/22		2019-10-02	2020-11-24
	3759.398 AMER CENT SM CAP GRWTH-Y #5136		2018-02-09	2020-12-02
	1921.968 ARTISAN MID CAP FUND-INS 1333			2020-12-02
	513. ISHARES RUSSELL MID-CAP GROWTH			2020-12-02
	4975.124 PIMCO CRDT OPPRT BND-INST #2028		2019-10-03	2020-12-02
	405. VANGUARD MID-CAP GROWTH INDEX FUND			2020-12-02
	16. ALIGN TECHNOLOGY INC		2015-08-03	2020-12-08
	3000. CVS HEALTH CORP 4.100% 3/25/25		2019-10-02	2020-12-18
	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN 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	55,124	54,796	328
b	104,379	105,120	-741
c	1,647	1,416	231
d	1,859	2,156	-297
e	1,763	375	1,388
	588	370	218
	11,435	4,548	6,887
	1,429	1,194	235
	7,534	7,059	475
	13,946	4,288	9,658
	4,143	4,579	-436
	2,311	2,367	-56
	2,087	1,754	333
	776	737	39
	2,831	1,111	1,720
	2,393	1,855	538
	1,805	1,560	245
	4,359	4,303	56
	3,440	3,347	93
	1,608	2,593	-985
	566	504	62
	2,077	1,687	390
	4,106	2,130	1,976
	3,793	2,309	1,484
	2,837	3,092	-255
	946	552	394
	8,707	2,512	6,195
	3,260	1,349	1,911
	1,670	985	685
	3,595	1,294	2,301
	2,455	1,919	536
	2,750	964	1,786
	3,289	3,237	52
	970	677	293
	10,344	6,459	3,885
	4,675	5,138	-463
	2,505	2,513	-8
	3,280	3,224	56
	2,690	1,696	994
	3,424	3,330	94
	1,560	1,381	179
	2,858	2,798	60
	2,385	1,713	672
	2,308	720	1,588
	1,082	422	660
	6,489	5,556	933
	3,580	1,136	2,444
	1,865	1,620	245
	2,978	2,314	664
	5,032	1,399	3,633
	2,185	1,627	558
	1,661	649	1,012
	2,055	1,832	223
	38,000	31,280	6,720
	63,656	67,280	-3,624
	100,000	97,684	2,316
	16,195	15,648	547
	7,473	2,668	4,805
	12,206	13,516	-1,310
	8,804	9,955	-1,151
	7,655	3,465	4,190
	55,000	55,143	-143
	7,141	9,407	-2,266
	9,383	13,412	-4,029
	30,000	32,675	-2,675
	55,000	61,417	-6,417
	25,000	36,183	-11,183
	3,254	1,325	1,929
	33,671	49,898	-16,227
	125,000	118,886	6,114
	50,000	54,876	-4,876
	5,000	5,012	-12
	25,140	25,185	-45
	15,429	15,369	60
	3,387	2,550	837
	4,203	2,902	1,301
	13,045	7,395	5,650
	7,959	5,882	2,077
	8,096	3,547	4,549
	8,970	5,116	3,854
	173,633	193,600	-19,967
	105,210	96,899	8,311
	4,554	3,034	1,520
	2,565	5,072	-2,507
	6,669	11,588	-4,919
	2,587	3,164	-577
	29,247	30,252	-1,005
	5,044	2,271	2,773
	13,251	2,597	10,654
	6,546	2,165	4,381
	4,552	1,320	3,232
	7,509	3,285	4,224
	17,095	17,958	-863
	427	550	-123
	10,221	10,401	-180
	10,248	10,171	77
	10,102	10,192	-90
	16,698	15,910	788
	40,000	38,849	1,151
	29,000	33,219	-4,219
	3,402	2,124	1,278
	3,630	3,197	433
	8,907	3,411	5,496
	12,583	1,296	11,287
	22,105	7,042	15,063
	5,248	4,709	539
	3,478	3,383	95
	3,552	2,550	1,002
	3,646	2,897	749
	3,488	2,177	1,311
	4,091	1,576	2,515
	3,494	1,154	2,340
	3,491	1,987	1,504
	9,866	2,324	7,542
	3,380	1,346	2,034
	3,483	1,733	1,750
	3,510	1,051	2,459
	3,995	2,952	1,043
	3,384	3,437	-53
	2,742	2,991	-249
	3,382	1,798	1,584
	20,270	4,974	15,296
	3,450	3,519	-69
	3,900	1,320	2,580
	7,965	2,776	5,189
	3,333	2,897	436
	1,807	1,632	175
	2,581	1,674	907
	3,918	1,761	2,157
	3,427	901	2,526
	4,973	1,756	3,217
	3,986	1,642	2,344
	3,772	1,514	2,258
	3,367	2,955	412
	3,448	4,279	-831
	7,630	7,140	490
	400	340	60
	3,122	2,266	856
	4,374	3,160	1,214
	2,115	4,883	-2,768
	10,922	10,550	372
	8,042	7,513	529
	15,531	15,332	199
	5,403	7,108	-1,705
	5,861	15,240	-9,379
	9,563	2,629	6,934
	6,401	1,852	4,549
	119,012	126,031	-7,019
	5,988	6,410	-422
	103,333	113,380	-10,047
	1,844	250	1,594
	8,689	2,843	5,846
	6,087	648	5,439
	12,011	3,013	8,998
	6,688	5,957	731
	6,010	3,604	2,406
	2,754	2,706	48
	2,066	968	1,098
	1,823	1,159	664
	1,979	1,337	642
	5,647	5,188	459
	826	590	236
	6,007	5,043	964
	1,711	883	828
	4,154	1,676	2,478
	4,943	4,577	366
	2,220	1,697	523
	1,241	371	870
	1,489	1,213	276
	2,487	2,825	-338
	4,023	984	3,039
	5,243	4,973	270
	2,169	1,506	663
	1,675	450	1,225
	2,474	549	1,925
	3,825	3,180	645
	3,488	3,111	377
	1,834	1,620	214
	3,921	3,234	687
	6,957	1,776	5,181
	2,168	1,278	890
	3,074	2,162	912
	2,932	5,890	-2,958
	10,500	10,454	46
	100,000	65,082	34,918
	100,000	97,718	2,282
	100,409	78,878	21,531
	50,000	49,801	199
	82,218	55,057	27,161
	8,184	1,000	7,184
	3,411	3,220	191
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953
			104,953

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			328
b			-741
c			231
d			-297
e			1,388
			218
			6,887
			235
			475
			9,658
			-436
			-56
			333
			39
			1,720
			538
			245
			56
			93
			-985
			62
			390
			1,976
			1,484
			-255
			394
			6,195
			1,911
			685
			2,301
			536
			1,786
			52
			293
			3,885
			-463
			-8
			56
			994
			94
			179
			60
			672
			1,588
			660
			933
			2,444
			245
			664
			3,633
			558
			1,012
			223
			6,720
			-3,624
			2,316
			547
			4,805
			-1,310
			-1,151
			4,190
			-143
			-2,266
			-4,029
			-2,675
			-6,417
			-11,183
			1,929
			-16,227
			6,114
			-4,876
			-12
			-45
			60
			837
			1,301
			5,650
			2,077
			4,549
			3,854
			-19,967
			8,311
			1,520
			-2,507
			-4,919
			-577
			-1,005
			2,773
			10,654
			4,381
			3,232
			4,224
			-863
			-123
			-180
			77
			-90
			788
			1,151
			-4,219
			1,278
			433
			5,496
			11,287
			15,063
			539
			95
			1,002
			749
			1,311
			2,515
			2,340
			1,504
			7,542
			2,034
			1,750
			2,459
			1,043
			-53
			-249
			1,584
			15,296
			-69
			2,580
			5,189
			436
			175
			907
			2,157
			2,526
			3,217
			2,344
			2,258
			412
			-831
			490
			60
			856
			1,214
			-2,768
			372
			529
			199
			-1,705
			-9,379
			6,934
			4,549
			-7,019
			-422
			-10,047
			1,594
			5,846
			5,439
			8,998
			731
			2,406
			48
			1,098
			664
			642
			459
			236
			964
			828
			2,478
			366
			523
			870
			276
			-338
			3,039
			270
			663
			1,225
			1,925
			645
			377
			214
			687
			5,181
			890
			912
			-2,958
			46
			34,918
			2,282
			21,531
			199
			27,161
			7,184
			191

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	375,011
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

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

1 Reserved

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

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

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

Form 990-PF (2020)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	6,208
c	All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	6,208
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	6,208
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	2,008
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	4,208
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	6,216
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	8
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax8	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

WELLS FARGO BANK NA Telephone no. bullet

(888) 730-4933

Located at bullet

100 N MAIN ST MAC D4001-117WINSTON SALEMNC ZIP+4 bullet

27101

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 ........

Yes

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?.............

Yes

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 ......

Yes

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

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

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

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

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

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

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

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

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

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

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

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

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
WELLS FARGO BANK N A	TRUSTEE 1	74,239
100 N MAIN ST MAC D4001-117 WINSTON SALEM,NC27101	TRUSTEE 1	74,239

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

6,277,223

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

262,391

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

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

6,539,614

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

6,539,614

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

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

98,094

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

6,441,520

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

322,076

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

322,076

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

6,208

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

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

6,208

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

315,868

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

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

315,868

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

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

315,868

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 ..........

304,518

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

304,518

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

304,518

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					315,868
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				284,240
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	0
b From 2016......	0
c From 2017......	0
d From 2018......	0
e From 2019......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 304,518
a Applied to 2019, but not more than line 2a				284,240
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.....					20,278
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 ..........					295,590
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....	0
b Excess from 2017....	0
c Excess from 2018....	0
d Excess from 2019....	0
e Excess from 2020....	0

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).)

NONE

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.

NONE

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 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)

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
SIERRA NEVADA BIGHORN SHEEP P O BOX 183 BISHOP,CA93515	NONE	PC	GENERAL OPERATING	30,000
DUCKS UNLIMITED INC 1 WATERFOWL WAY MEMPHIS,TN381202350	NONE	PC	GENERAL OPERATING	25,000
FLY FISHERS INTERNATIONAL INC 4141 SUGAR BEAR DR TALLAHASSEE,FL323114152	NONE	PC	GENERAL OPERATING	25,000
UNIVERSITY OF NEVADA LAS VEGAS 4505 S MARYLAND PKWY LAS VEGAS,NV89154	NONE	PC	GENERAL OPERATING	80,000
AMERICA WILD SHEEP 412 PRONGHORN TRAIL BOZEMAN,MT59718	NONE	PC	GENERAL OPERATING	30,000
INTERNATIONAL HUNTER EDUCATION 6855 800 E 73RD AVE 2 DENVER,CO80229	NONE	PC	GENERAL OPERATING	80,000
AMERICAN DIABETES ASSOCIATION 2451 CRYSTAL DRIVE SUITE 900 ARLINGTON,VA22202	NONE	PC	GENERAL OPERATING	15,000
Total ................................. 3a				285,000

bApproved for future payment

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

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 ...........
4 Dividends and interest from securities....			14	129,452
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	375,011
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INCOME				657
bPARTNERSHIP INCOME				975
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				506,095

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

506,095

(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

Name of Bond	End of Year Book Value	End of Year Fair Market Value
912828U24 US TREASURY NOTE 2.0	26,148	27,210
606822BA1 MITSUBISHI UFJ FIN	15,836	16,262
867914BS1 SUNTRUST BANKS INC	22,285	22,647
037833AK6 APPLE INC 2.400% 5/0	15,320	15,734
00206RDC3 AT&T INC	10,877	11,168
61746BEA0 MORGAN STANLEY	10,086	10,062
9128283W8 US TREASURY NOTE	27,347	28,669
20030NCT6 COMCAST CORP	18,386	18,057
14040HBN4 CAPITAL ONE FINANCIA	10,416	11,412
912828F21 US TREASURY NOTE 2.1	20,247	20,298
693475AZ8 PNC FINANCIAL SERVIC	16,528	16,433
46625HRV4 JPMORGAN CHASE & CO	15,461	16,642
25389JAR7 DIGITAL REALTY TRUST	15,568	17,241
00287YAQ2 ABBVIE INC	16,771	16,711
912828XQ8 US TREASURY NOTE	15,236	15,442
166764BW9 CHEVRON CORP	15,417	15,600
437076BM3 HOME DEPOT INC	15,790	16,769
9128284F4 US TREASURY NOTE	15,915	16,480
912828QN3 US TREASURY NOTE 3.1	15,369	15,164
06367WMQ3 BANK OF MONTREAL	15,514	15,988
9128286T2 US TREASURY NOTE 2.3	26,754	28,254
3135G0ZR7 FED NATL MTG ASSN 2.	5,275	5,438
961214DW0 WESTPAC BANKING CORP	10,894	11,501
036752AB9 ANTHEM INC	15,832	17,298
254687FL5 WALT DISNEY COMPANY/	20,049	20,903
9128286X3 US TREASURY NOTE	21,389	21,834
29444UBL9 EQUINIX INC	10,045	10,165
59156RBH0 METLIFE INC 3.600% 4	15,974	16,486
912828M56 US TREASURY NOTE	26,667	27,301
42824CBJ7 HP ENTERPRISE CO	10,207	10,275
38148LAE6 GOLDMAN SACHS GROUP	16,211	16,841
3135G04Z3 FED NATL MTG ASSN	20,042	20,106
256677AC9 DOLLAR GENERAL CORP	15,955	15,871
06051GGA1 BANK OF AMERICA CORP	21,583	22,382
9128286A3 US TREASURY NOTE	27,250	27,844
912828N30 US TREASURY NOTE 2.1	15,330	15,597
86562MAQ3 SUMITOMO MITSUI FINL	20,602	20,735
172967LQ2 CITIGROUP INC	15,267	15,600
9128285M8 US TREASURY NOTE	30,133	29,600
912828WJ5 US TREASURY NOTE 2.5	20,949	21,552

Name of Stock	End of Year Book Value	End of Year Fair Market Value
617446448 MORGAN STANLEY	23,511	33,306
697435105 PALO ALTO NETWORKS I	14,987	35,894
896239100 TRIMBLE INC	21,595	31,783
037833100 APPLE INC	27,632	153,920
437076102 HOME DEPOT INC	8,570	28,156
023135106 AMAZON COM INC COM	12,678	130,277
235851102 DANAHER CORP	8,599	31,988
016255101 ALIGN TECHNOLOGY INC	6,435	28,857
92826C839 VISA INC-CLASS A SHR	12,053	48,996
983793100 XPO LOGISTICS INC	12,128	24,078
81762P102 SERVICENOW INC	18,524	31,925
550021109 LULULEMON ATHLETICA	11,507	22,274
339041105 FLEETCOR TECHNOLOGIE	17,753	19,917
101137107 BOSTON SCIENTIFIC CO	12,528	25,632
09857L108 BOOKING HOLDINGS INC	12,380	24,500
892356106 TRACTOR SUPPLY CO CO	12,288	28,397
21036P108 CONSTELLATION BRANDS	9,168	19,715
31620M106 FIDELITY NATL INFORM	9,885	24,190
69354M108 PRA HEALTH SCIENCES	14,996	21,325
11135F101 BROADCOM INC	21,805	42,471
78409V104 S&P GLOBAL INC	7,474	27,285
30303M102 FACEBOOK INC	18,906	82,221
893641100 TRANSDIGM GROUP INC	6,689	20,422
040413106 ARISTA NETWORKS INC	25,759	33,706
90384S303 ULTA BEAUTY INC	12,512	16,942
79466L302 SALESFORCE COM INC	11,810	47,844
13645T100 CANADIAN PAC RY LTD	16,711	26,002
518439104 ESTEE LAUDER COMPANI	7,642	27,684
252131107 DEXCOM INC	16,904	34,754
45866F104 INTERCONTINENTAL EXC	10,612	31,244
169656105 CHIPOTLE MEXICAN GRI	9,432	18,027
73278L105 POOL CORPORATION	12,330	31,290
02079K107 ALPHABET INC CL C	30,150	94,602
278865100 ECOLAB INC	7,700	15,145
92532F100 VERTEX PHARMACEUTICA	14,522	21,034
34964C106 FORTUNE BRANDS HOME	11,384	24,773
67066G104 NVIDIA CORP	14,192	48,042
64110L106 NETFLIX INC	11,233	30,281
15135B101 CENTENE CORP DEL	14,458	26,233
594918104 MICROSOFT CORP	25,414	127,669
00507V109 ACTIVISION BLIZZARD	13,526	26,369
G1151C101 ACCENTURE PLC	10,890	33,696
87918A105 TELADOC HEALTH INC	23,257	20,196
98936J101 ZENDESK INC	17,138	28,624
532457108 ELI LILLY & CO COM	32,298	34,275
G66721104 NORWEGIAN CRUISE LIN	14,564	10,401

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
893641100 TRANSDIGM GROUP INC
697435105 PALO ALTO NETWORKS I
92826C839 VISA INC-CLASS A SHR
00507V109 ACTIVISION BLIZZARD
67066G104 NVIDIA CORP
15135B101 CENTENE CORP DEL
339128100 JP MORGAN MID CAP VA
77956H435 T ROWE PR OVERSEAS S	AT COST	312,623	372,989
592905764 METROPOLITAN WEST T/	AT COST	426,702	435,854
73278L105 POOL CORPORATION
037833100 APPLE COMPUTER INC C
617446448 MORGAN STANLEY
015351109 ALEXION PHARMACEUTIC
04314H600 ARTISAN MID CAP FUND	AT COST	281,681	375,354
016255101 ALIGN TECHNOLOGY INC
G1151C101 ACCENTURE PLC
85917K546 STERLING CAPITAL STR
G50871105 JAZZ PHARMACEUTICALS
30303M102 FACEBOOK INC
45866F104 INTERCONTINENTALEXCH
040413106 ARISTA NETWORKS INC
09857L108 BOOKING HOLDINGS INC
69354M108 PRA HEALTH SCIENCES
596278101 MIDDLEBY CORP
21036P108 CONSTELLATION BRANDS
252131107 DEXCOM INC
101137107 BOSTON SCIENTIFIC CO
11135F101 BROADCOM INC
025083320 AMER CENT SMALL CAP
87234N765 TCW EMRG MKTS INCM-I	AT COST	192,771	204,468
46434G103 ISHARES CORE MSCI EM	AT COST	143,373	165,461
023135106 AMAZON COM INC
235851102 DANAHER CORP
437076102 HOME DEPOT INC
594918104 MICROSOFT CORP
20605P101 CONCHO RESOURCES INC
90384S303 ULTA SALON COSMETICS
097023105 BOEING COMPANY
278865100 ECOLAB INC
518439104 ESTEE LAUDER COMPANI
892356106 TRACTOR SUPPLY CO CO
92532F100 VERTEX PHARMACEUTICA
64110L106 NETFLIX.COM INC
78409V104 S&P GLOBAL INC
79466L302 SALESFORCE COM INC
983793100 XPO LOGISTICS INC
G66721104 NORWEGIAN CRUISE LIN
191216100 COCA COLA CO
02079K107 ALPHABET INC/CA
667995062 ATEL CAP EQUIP FD VI	AT COST	1,950	1,950
34964C106 FORTUNE BRANDS HOME
961214DW0 WESTPAC BANKING CORP
912828F21 US TREASURY NOTE 2.1
9128286A3 US TREASURY NOTE
06367WMQ3 BANK OF MONTREAL
00206RDC3 AT&T INC
464288588 ISHARES MBS ETF	AT COST	64,189	64,977
406216BD2 HALLIBURTON COMPANY
31620M106 FIDELITY NATL INFORM
550021109 LULULEMON ATHLETICA
922031760 VANGUARD HIGH YIELD	AT COST	435,329	447,801
464287481 ISHARES RUSSELL MID-	AT COST	153,526	219,671
922908553 VANGUARD REIT VIPER
922908736 VANGUARD GROWTH VIPE	AT COST	98,018	144,657
52106N459 LAZARD GL LIST INFRA	AT COST	57,660	53,261
912828WJ5 US TREASURY NOTE 2.5
3135G0ZR7 FED NATL MTG ASSN 2.
9128286X3 US TREASURY NOTE
912828QN3 U S TREASURY NT 3.12
25264S833 DIAMOND HILL LONG-SH
867914BS1 SUNTRUST BANKS INC
81369Y605 AMEX FINANCIAL SELEC
172967LQ2 CITIGROUP INC
606822BA1 MITSUBISHI UFJ FIN
126650CW8 CVS HEALTH CORP
912828XQ8 US TREASURY NOTE
31641Q755 FIDELITY NEW MRKTS I	AT COST	128,356	122,144
9128283W8 US TREASURY NOTE
064159FL5 BANK OF NOVA SCOTIA
9128284F4 US TREASURY NOTE
9128286T2 US TREASURY NOTE
912828NT3 US TREASURY NOTE 2.6
06051GGA1 BANK OF AMERICA CORP
037833AK6 APPLE INC 2.400% 5/0
000843201 ACAP STRATEGIC FUND-	AT COST	190,000	280,376
036752AB9 ANTHEM INC
38148LAE6 GOLDMAN SACHS GROUP
86562MAQ3 SUMITOMO MITSUI FINL
72201W394 PIMCO CRDT OPPRT BND	AT COST	71,837	71,765
81369Y407 AMEX CONSUMER DISCR	AT COST	76,934	106,919
26078JAA8 DOWDUPONT INC
912828N30 US TREASURY NOTE
437076BM3 HOME DEPOT INC
13645T100 CANADIAN PAC RY LTD
59156RBH0 METLIFE INC 3.600% 4
912828M56 US TREASURY NOTE
66989HAJ7 NOVARTIS CAPITAL COR
61746BEA0 MORGAN STANLEY
46625HRV4 JPMORGAN CHASE & CO
05567LT31 BNP PARIBAS 5.000% 1
912828U24 US TREASURY NOTE
14040HBP9 CAPITAL ONE FINANCIA
404280AN9 HSBC HOLDING PLC 4.0
81369Y803 AMEX TECHNOLOGY SELE	AT COST	77,009	114,028
00143W859 INV OPP DEVELOP MRKT	AT COST	190,721	278,798
464287465 ISHARES MSCI EAFE ET	AT COST	130,173	132,276
02508H311 AMER CENT SM CAP GRW	AT COST	130,940	167,565
46647B404 JPMORGAN MID CAP VAL	AT COST	253,979	246,097
46090F100 INVESCO OPTIMUM YIEL	AT COST	198,575	229,739
464287648 ISHARES RUSSELL 2000	AT COST	67,195	89,373
922908751 VANGUARD SMALL CAP V	AT COST	310,560	329,593

Description	Amount
MUTUAL FUND TIMING ADJ	248
PURCHASE OF ACCRUED INTEREST CARRYOVER	111
COST BASIS ADJUSTMENT	6,642

Category	Amount	Net Investment Income
FOREIGN TAXES	957	957
FEDERAL ESTIMATES - PRINCIPAL	527	0
FOREIGN TAXES ON NONQUALIFIED	519	519