Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
JUDD LEIGHTON FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)202 S Michigan Street Suite 910
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
South Bend, IN46601
A Employer identification number

35-2120550
B Telephone number (see instructions)

(574) 232-5970
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$134,985,428J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,399,177 1,399,177  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,767,219
b Gross sales price for all assets on line 6a 16,873,668
7 Capital gain net income (from Part IV, line 2)... 4,767,219
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment 1,064,737 1,094,352 0
12 Total. Add lines 1 through 11........ 7,231,133 7,260,748 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 448,000 224,000   224,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 39,908 9,977 0 9,977
b Accounting fees (attach schedule)....... Click to see attachment 69,495 17,374 0 0
c Other professional fees (attach schedule).... Click to see attachment 867,083 867,083 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 174,271 13,553 0 10,719
19 Depreciation (attach schedule) and depletion... Click to see attachment 290 290 0
20 Occupancy.............. 32,021 16,010   16,010
21 Travel, conferences, and meetings....... 21,321 10,661   10,661
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 486,949 483,362 0 3,565
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,139,338 1,642,310 0 274,932
25 Contributions, gifts, grants paid....... 4,857,250 4,857,250
26 Total expenses and disbursements. Add lines 24 and 25 6,996,588 1,642,310 0 5,132,182
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 234,545
b Net investment income (if negative, enter -0-) 5,618,438
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 577,143 394,755 394,755
2 Savings and temporary cash investments......... 1,228,952 2,210,233 2,210,233
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   0 0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet   0 0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) bullet740,000
Less: allowance for doubtful accounts bullet0 540,000 Click to see attachment740,000 740,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,984,686 Click to see attachment2,001,009 2,051,407
b Investments—corporate stock (attach schedule)....... 22,107,238 Click to see attachment19,555,571 54,351,400
c Investments—corporate bonds (attach schedule)....... 4,468,451 Click to see attachment5,918,321 6,011,174
11 Investments—land, buildings, and equipment: basis bullet0
Less: accumulated depreciation (attach schedule) bullet0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 41,803,123 Click to see attachment42,129,696 64,512,906
14 Land, buildings, and equipment: basis bullet235,952
Less: accumulated depreciation (attach schedule) bullet0 235,952 Click to see attachment235,952 235,952
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment0 Click to see attachment4,477,601
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 72,945,545 73,185,537 134,985,428
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 68,873,952 68,766,862
25 Net assets with donor restrictions............ 4,071,593 4,418,675
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
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)..... 72,945,545 73,185,537
30 Total liabilities and net assets/fund balances (see instructions). 72,945,545 73,185,537
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
72,945,545
2
Enter amount from Part I, line 27a .....................
2
234,545
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
5,447
4
Add lines 1, 2, and 3 ..........................
4
73,185,537
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
73,185,537
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Schwab Cap Gain Distributions P 2018-01-01 2020-12-31
b Distributions in excess of basis P 2018-01-01 2020-12-31
c Publicly Traded Securities      
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 279,444     279,444
b 141,723     141,723
c 16,452,501   12,106,449 4,346,052
d
e
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     0 279,444
b     0 141,723
c     0 4,346,052
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 4,767,219
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 0
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 78,096
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  
3 Add lines 1 and 2........................... 3 78,096
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 78,096
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 195,416
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 245,416
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 167,320
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet167,320 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.juddleightonfoundation.org
    14
    The books are in care ofbulletJames Keenan Telephone no.bullet (574) 232-5970

    Located atbullet202 S Michigan Street Suite 910South BendIN ZIP+4bullet46601
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    John Pycik Vice President / Secretary
    3.000     		51,500 0 9,597
    202 S Michigan Street Suite 910
    South Bend,IN46601
    Jerry French Director
    3.000     		45,500 0 3,452
    202 S Michigan Street Suite 910
    South Bend,IN46601
    Donald F Walter Director
    3.000     		50,000 0 8,674
    202 S Michigan Street Suite 910
    South Bend,IN46601
    Charles Nelson Executive Director
    40.000     		161,000 0 0
    202 S Michigan Street Suite 910
    South Bend,IN46601
    James F Keenan President / Treasurer
    20.000     		140,000 0 0
    202 S Michigan Street Suite 910
    South Bend,IN46601
    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
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    WALTER & KEENAN FINANCIAL CONSULTING FINANCIAL MANAGEMENT 867,083
    202 S Michigan St Suite 910
    SOUTH BEND,IN46601
    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.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    78,420,173
    b
    Average of monthly cash balances.......................
    1b
    2,959,345
    c
    Fair market value of all other assets (see instructions)................
    1c
    43,890,999
    d
    Total (add lines 1a, b, and c).........................
    1d
    125,270,517
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    125,270,517
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,879,058
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    123,391,459
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,169,573
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    6,169,573
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    78,096
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    78,096
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,091,477
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    6,091,477
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    6,091,477
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    5,132,182
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    5,132,182
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    5,132,182
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 6,091,477
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:2018, 2017, 2016 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 1,041,472
    d From 2018...... 0
    e From 2019...... 1,717,542
    fTotal of lines 3a through e........ 2,759,014
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 5,132,182
    a Applied to 2019, but not more than line 2a 0
    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..... 5,132,182
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 959,295 959,295
    (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 1,799,719
    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......     		 
    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 ..........     		0
    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 ......     		1,799,719
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 82,177
    c Excess from 2018.... 0
    d Excess from 2019.... 1,717,542
    e Excess from 2020.... 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    JAMES KEENAN
    202 S MICHIGAN ST SUITE 910
    SOUTH BEND,IN46601
    (574) 232-5970
    bThe form in which applications should be submitted and information and materials they should include:
    GRANT APPLICANTS SHOULD REVIEW THE GRANT GUIDELINES FOUND ON THE FOUNDATION WEBSITE AT JUDDLEIGHTONFOUNDATION.ORG. PARTICULAR ATTENTION SHOULD BE PAID TO THE FOUNDATION'S PRIMARY FOCUS AREAS. APPLICANTS SHOULD CLEARLY STATE IN THIER APPLICATION HOW THEIR PROPOSAL MEETS THE FOUNDATION'S OBJECTIVE TO IMPACT THE COMMUNITY AT LARGE IN THE THREE PRIMARY AREAS OF HEALTH, EDUCATION, AND ECONOMIC DEVELOPMENT. ALSO, ALL APPLICANTS ARE ENCOURAGED TO USE THE GRANT PROPOSAL FORM LOCATED ON THE WEBSITE. THIS FORM REQUESTS IMPORTANT ADDITIONAL INFORMATION WHICH IS HELPFUL IN CONSIDERATION OF EACH REQUEST.
    cAny submission deadlines:
    THE BOARD OF DIRECTORS MEETS QUARTERLY. CONTACT CHARLES NELSON, DIRECTOR, FOR APPLICATION DEADLINES
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION'S ARTICLES OF INCORPORATION REQUIRE THAT AT LEAST 75% OF ALL AMOUNTS DISTRIBUTED IN ANY PERIOD BE FOR THE IMPROVEMENT OF QUALITY OF LIFE IN ST. JOSEPH COUNTY, INDIANA. OTHERWISE, THE FOUNDATION MAY MAKE GRANTS FOR ALL EDUCATIONAL, CHARITABLE, AND SCIENTIFIC PURPOSES AS DEFINED IN CODE SECTION 501(C)(3). THE FOUNDATION DOES NOT CURRENTLY AWARD SCHOLARSHIPS OR OTHERWISE MAKE GRANTS TO INDIVIDUALS.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Indiana University Foundation
    PO Box 500
    Bloomington,IN46615     		None PC To support general operations 300,000
    Community Foundation of St Joseph County
    PO Box 837
    South Bend,IN46624     		None PC To support general operations and specific programs 1,000,000
    Cultivate Culinary School & Catering
    701 N Niles Ave
    South Bend,IN46617     		None PC To support general operations 75,000
    South Bend Symphony Orchestra Association
    127 N Michigan St
    South Bend,IN46601     		None PC To support general operations 25,000
    EnFocus
    635 S Lafayette
    South Bend,IN46601     		None PC To support general operations 100,000
    Holy Cross Village Foundation
    54515 State Rd 933 North
    Notre Dame,IN46556     		None PC To support general operations and specific programs 11,000
    South Bend Heritage Foundation
    803 Lincolnway West
    South Bend,IN46616     		None PC To support general operations 10,000
    South Bend - Elkhart Regional Foundation
    4477 Progress Drive
    South Bend,IN46628     		none PC To support general operations 100,000
    Mayo Foundation
    200 First St NW
    Rochester,MN55905     		none PC To support general operations 500,000
    WNIT
    300 W Lafayette Blvd
    South Bend,IN46601     		None PC To support general operations 2,500
    The Casie Center
    912 E Lasalle Ave
    South Bend,IN46617     		None PC To support general operations 15,000
    Robinson Community Learning Center
    921 N Eddy St
    South Bend,IN46617     		none PC To support general operations 100,000
    University of Notre Dame
    300 Main Building
    Notre Dame,IN46556     		none PC To support general operations and specific programs 329,000
    Hospice Foundation
    501 Comfort Place
    Mishawaka,IN46545     		none PC To support general operations 100,000
    Trinity School at Greenlawn
    107 S Greenlawn Ave
    South Bend,IN46617     		None PC To support general operations 10,000
    Logan Community Resources Inc
    PO Box 1049
    South Bend,IN46624     		None PC To support general operations 355,750
    YMCA of Michiana
    905 North Front Street
    Niles,MI49120     		None PC To support general operations 100,000
    Ronald McDonald House Charities
    610 N Michigan St Ste 310
    South Bend,IN46601     		None PC To support general operations 45,000
    St Margaret House
    117 N Lafayette Blvd
    South Bend,IN46601     		None PC To support general operations 25,000
    City of South Bend
    227 West Jefferson Blvd Ste 1400
    South Bend,IN46601     		None GOV To support general operations and specific programs 500,000
    Reins of Life
    55200 Quince Rd
    South Bend,IN46619     		None PC To support general operations 5,000
    Elkhart Education Foundation
    2746 Old US Hwy 20 W Ste B
    Elkhart,IN46514     		None PC To support general operations 25,000
    Center for the Homeless
    813 S Michigan St
    South Bend,IN46601     		None PC To support general operations 50,000
    United Way of St Joseph County
    3517 E Jefferson Blvd
    South Bend,IN46615     		None PC To support general operations 200,000
    Indiana University School of Medicine
    1110 W Michigan St
    Indianapolis,IN46202     		None PC To support general operations 100,000
    La Casa de Amistad
    746 S Meade St
    South Bend,IN46619     		None PC To support general operations 50,000
    The Christ Child Society of South Bend
    PO Box 1286
    South Bend,IN46624     		None PC To support general operations 25,000
    Fischoff National Chamber Music Assoc
    119 Haggar Hall
    Notre Dame,IN46556     		None PC To support general operations 24,000
    Northern Indiana Historical Society
    808 W Washington St
    South Bend,IN46601     		None PC To support general operations 85,000
    Boys & Girls Clubs of St Joseph County
    502 East Sample St
    South Bend,IN46601     		None PC To support general operations 75,000
    Career Learning & Employment Ctr for Vets
    9130 Otis Avenue Suite A
    Indianapolis,IN46216     		None PC To support general operations 15,000
    Evans Scholars Foundation
    2501 Patriot Blvd
    Glenview,IL60026     		None PC To support general operations 20,000
    Habitat For Humanity of St Joseph County
    402 E South St
    South Bend,IN46601     		None PC To support general operations 25,000
    Hoosiers Feeding The Hungry
    4490 A State Road 237
    Garrett,IN46738     		None PC To support general operations 15,000
    St Joseph County Dept Of Health
    347 W Berry Street Suite 101
    Fort Wayne,IN46802     		None GOV To support general operations 25,000
    Komera Rwanda Cancer Foundation Inc
    1121 N Notre Dame Ave South
    South Bend,IN46617     		None PC To support general operations 25,000
    Urban Enterprise Assoc of South Bend
    227 W Jefferson Blvd Suite 1400s
    South Bend,IN46601     		None PC To support general operations 100,000
    Oaklawn Psychiatric Center Inc
    PO BOX 809
    Goshen,IN46527     		None PC To support general operations 33,000
    Human Delta Inc
    237 N Dr MLK Jr Dr Apt 304
    South Bend,IN46601     		None PC To support general operations 50,000
    St Vincent Depaul Society if St Joseph Co
    520 Crescent Ave
    South Bend,IN46617     		None PC To support general operations 32,000
    Spectrum Health Lakeland Foundation
    100 MICHIGAN ST NE
    GRAND RAPIDS,MI49503     		None PC To support general operations 50,000
    Ivy Tech Foundation
    2820 N Meridian St
    Indianapolis,IN46208     		None PC To support general operations 125,000
    Total .................................bullet 3a 4,857,250
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 1,399,177  
    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 4,767,220  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    apass-through entities     		900003 -29,086 18 1,094,352  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -29,086 7,260,749 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    7,231,663
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID: 20011424
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 69,495 17,374    

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    From Passthrough           290 290    

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Pimco Emrg Mkts Bd Fd 1,879,775 1,855,544
    Pimco Total Return Fund 1,957,285 2,036,496
    Guggenheim Total Refund 2,081,261 2,119,134

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Alphabet Inc Class A 271,120 1,752,640
    Alphabet Inc Class C 631,573 3,503,760
    American Express Co 752,266 1,209,100
    Apple Inc 848,505 5,971,050
    Boeing Co 628,224 1,070,300
    Cisco Systems Inc 898,327 2,237,500
    Comcast Corp 270,759 1,572,000
    Exxon Mobil Corporation 0 0
    Fifth Third Bancorp 438,438 827,100
    Home Depot Inc 499,733 1,062,480
    Illumina Inc 469,211 1,110,000
    Intel Corp 679,919 1,743,700
    Johnson & Johnson 143,847 2,675,460
    JP Morgan Chase 873,400 2,795,540
    Medtronic PLC 769,165 1,171,400
    Merck & Co Inc 759,000 1,963,200
    Microsoft Corp 464,217 4,003,560
    Northern Trust Corp 1,119,801 2,095,650
    Pepsico Inc 594,850 1,483,000
    Procter & Gamble 583,000 1,391,400
    Verizon Communications 985,441 1,175,000
    Visa Inc 438,907 1,312,380
    Walmart Stores Inc 713,612 1,441,500
    Walt Disney Co 704,857 1,358,850
    1/100 Berkshire Htwy 983,972 1,739,075
    3M Company 579,750 1,310,925
    Accenture PLC 1,037,639 1,828,470
    CVS Health Corp 627,973 683,000
    Dollar General 592,432 1,051,500
    Lilly Eli & Co 722,188 2,110,500
    United Health Group 473,445 701,360

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    20011424
    Software Version:
    2020v4.0
    US Government Securities - End of Year Book Value:

    2,001,009
    US Government Securities - End of Year Fair Market Value:

    2,051,407
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    First Eagle Overseas AT COST 1,702,358 1,980,258
    Oakmark Int'l Small Cap Fund AT COST 0 0
    Oppenheimer Developing Mkts AT COST 1,335,186 2,345,662
    Primecap Odyssey Aggr Growth Fd AT COST 478,078 2,869,634
    Starwood PPTY Trust AT COST 0 0
    Private Equity Managers 2011 AT COST 0 389,652
    Vintage V LP AT COST 0 64,771
    Private Equity Managers 2013 AT COST 405,015 611,458
    Private Equity Managers 2012 AT COST 490,058 551,797
    Vintage VI AT COST 0 248,237
    Vintage VII AT COST 527,375 711,055
    Anchorage Illiquid Opportunities III Access Fund AT COST 0 71,811
    Anchorage Illiquid Opportunities IV Access Fund AT COST 115,181 391,602
    Growth and Emerging Markets AT COST 760,691 969,970
    West Street Energy Partners AT COST 577,304 478,238
    Global Atlantic AT COST 310,430 544,200
    Global Atlantic Sub Debentures AT COST 100,000 103,500
    Private Equity Managers (Early Secondaries) AT COST 0 215,684
    Whitehall Street Int'l Real Estate LP 2008 AT COST 0 78
    Broad Street Real Estate Credit Partners II AT COST 0 61,196
    Nantucket Institutional Fund Class A Series 05/04 (10) AT COST 3,795,875 5,669,143
    Commonfund Capital Int'l Partners VI AT COST 250,574 176,643
    Commonfund Capital Int'l Partners VII AT COST 287,926 338,382
    Commonfund Capital Private Equity Partners VII AT COST 200,706 469,274
    Commonfund Capital Private Equity Partners VIII AT COST 177,753 404,866
    Commonfund Capital Venture Partners VIII AT COST 139,860 324,716
    TIFF Realty Opportunity Fund AT COST 209,089 246,484
    TIFF Realty & Resources 2008 AT COST 301,889 174,025
    Deerfield Private Design Fund III AT COST 870,926 985,892
    Deerfield Private Design Fund IV AT COST 833,369 1,126,717
    DFJ Growth 2013 AT COST 1,511,304 6,568,437
    Glynn Emerging Investors AT COST 1,653,216 2,676,955
    Fidelis Investors Offshore LP AT COST 427,230 490,310
    Trek 10: 8% Convertible Note AT COST 100,000 100,000
    Gravity Long-Biased Fund AT COST 2,216,811 3,942,014
    Oaktree Strategic Income Fund AT COST 585,931 781,074
    Anchorage Illiquid Opp Offshore Fund V AT COST 268,412 509,763
    North Haven Infrastructure Partners AT COST 702,184 721,807
    Oaktree Opportunities Fund X AT COST 593,948 720,940
    Agendx (formerly Nandio) AT COST 275,000 275,000
    Templeton Emrg Mkts AT COST 0 0
    Crown Castle Intl AT COST 347,568 636,760
    DFJ Growth III AT COST 1,164,612 2,258,970
    Deerfield Partners LP AT COST 1,309,937 1,614,833
    Elliott International AT COST 5,000,000 5,733,195
    Heartland Ventures Fund AT COST 649,733 710,947
    Mithril II LP AT COST 813,373 820,173
    Ovo Fund II, LLC AT COST 244,835 303,185
    GLC Stabilized Income Fund AT COST 931,989 2,663,035
    Grandview Flats II AT COST 203,205 250,000
    Peate Ventures AT COST 1,196,609 1,200,000
    ND Pit Road AT COST 278,850 350,000
    Riverview SOF III AT COST 489,801 656,821
    DFJ Growth SPX III AT COST 701,689 858,960
    GS Vintage Fund VIII AT COST 206,209 232,270
    Deerfield Healthcare Innov AT COST 220,064 251,325
    GLC Portage Prairie IV AT COST 350,000 350,000
    Banner Ridge Secondary Fund AT COST 857,758 977,995
    American Funds Small Cap Worl AT COST 1,017,500 1,127,359
    GQG Partners Emerging AT COST 1,504,022 1,675,331
    Blackstone REIT AT COST 1,500,000 1,515,162
    Heartland Ventures S3 (KEA) AT COST 80,000 100,000
    DFJ Growth IV AT COST 226,546 243,523
    Data Focus Fund LP AT COST 186,055 195,500
    Invanti AT COST 41,345 72,000
    Avinew fka Driav AT COST 404,317 404,317

    TY 2020 LandEtcSchedule2
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Leasehold Improvement 235,952   235,952 235,952


    TY 2020 LegalFeesSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Ice Miller 39,908 9,977   9,977


    TY 2020 OtherAssetsSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Interest Receivable     58,926
    Benefit Interests in CRTs     4,418,675


    TY 2020 OtherExpensesSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Website & Software Expenses 2,775 1,388   1,388
    Payroll Processing Fees 1,176 588   588
    GS Annual Fee 3,000 3,000    
    GS Wire / Account Fees 940 940    
    Miscellaneous 660 660    
    Insurance 2,428 1,214   1,214
    Membership Dues 375     375
    IN annual filing 23      
    Other expenses from pass through 475,572 475,572    


    TY 2020 OtherIncomeSchedule2
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Other Income from pass through 1,062,190 1,093,492  
    Class action settlement 307 307  
    State tax refund 1,687    
    Miscellaneous 553 553  


    TY 2020 OtherIncreasesSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Description Amount
    US Treasury note - cost basis adjustment 5,447


    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 OtherNotesLoansRcvblLongSch
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    20011424
    Software Version:
    2020v4.0

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    Quantasi LLC None 180,000 180,000 2017-12 2021-04 Compounded annually and computed on the basis of a 365 day year for the actual number of days lapsed 321 %   To improve the quality of life and bring economic opportunity to St Joseph County   180,000
    Bravura Health & Wellness LLC NONE 180,000 180,000 2017-12 2021-04 Compounded annually and computed on the basis of a 365 day year for the actual number of days lapsed 321 %   To improve the quality of life and bring economic opportunity to St Joseph County   180,000
    Consensus Network LLC None 180,000 180,000 2017-12 2021-04 Compounded annually and computed on the basis of a 365 day year for the actual number of days lapsed 321 %   To improve the quality of life and bring economic opportunity to St Joseph County   180,000
    Indiana Golf Foundation None 200,000 200,000 2020-12 2022-01 Two equal installments 0 %   To assist in tax-exempt purposes and funding for construction of the learning center   200,000

    TY 2020 OtherProfessionalFeesSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Walter & Keenan Consulting 867,083 867,083    


    TY 2020 TaxesSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll Taxes 21,439 10,720   10,719
    GS Vintage Fund Taxes 949 949    
    GS Early Secondaries Fund Taxes 382 382    
    GS Private Equity Fund Taxes 92 93    
    Federal and state Excise Tax 150,000      
    Tax From Passthrough 1,409 1,409