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 07-01-2020 , and ending 06-30-2021
Name of foundation
Herrendorf Family Foundation Inc
C/O Joshua Herrendorf
Number and street (or P.O. box number if mail is not delivered to street address)425 Huehl Road Bldg 7
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Northbrook, IL60062
A Employer identification number

36-3553268
B Telephone number (see instructions)

(312) 218-7204
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$41,135,123J 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) 3,500
2 Check bullet.............
3 Interest on savings and temporary cash investments 23,862 23,862  
4 Dividends and interest from securities... 531,710 531,710  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,453,036
b Gross sales price for all assets on line 6a 15,675,839
7 Capital gain net income (from Part IV, line 2)... 1,453,036
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 894,776 894,776  
12 Total. Add lines 1 through 11........ 2,906,884 2,903,384  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 50,000 0   50,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 57,194 0   57,194
b Accounting fees (attach schedule)....... Click to see attachment 34,050 0   34,050
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 170,857 30,561   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 373,128 166,707   206,421
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 685,229 197,268   347,665
25 Contributions, gifts, grants paid....... 1,088,730 1,088,730
26 Total expenses and disbursements. Add lines 24 and 25 1,773,959 197,268   1,436,395
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,132,925
b Net investment income (if negative, enter -0-) 2,706,116
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,471,107 1,470,766 1,470,766
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 25,525,072 Click to see attachment33,137,613 33,137,613
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans............. 100,000 100,000 100,000
13 Investments—other (attach schedule).......... 5,024,133 Click to see attachment4,396,309 4,396,309
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,259,837 Click to see attachment2,031,435 Click to see attachment2,030,435
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 33,380,149 41,136,123 41,135,123
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 33,380,149 41,136,123
29 Total net assets or fund balances (see instructions)..... 33,380,149 41,136,123
30 Total liabilities and net assets/fund balances (see instructions). 33,380,149 41,136,123
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
33,380,149
2
Enter amount from Part I, line 27a .....................
2
1,132,925
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
6,623,049
4
Add lines 1, 2, and 3 ..........................
4
41,136,123
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
41,136,123
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 Various P    
b Capital Gains Dividends P    
c
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 15,481,631   14,222,803 1,258,828
b 194,208     194,208
c
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       1,258,828
b       194,208
c
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 1,453,036
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 37,615
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 37,615
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 37,615
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 56,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 56,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 18,385
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet18,385 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    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 addressbulletherrendorf.org
    14
    The books are in care ofbulletDavid P Pogrund Telephone no.bullet (312) 782-3636

    Located atbullet1 East Wacker DriveChicageIL ZIP+4bullet60601
    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
     
     
    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
     
    No
    .........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). Click to see attachment
    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
    Suzi Glassman VP/Director
    8.00     		25,000 0 0
    120 N Village Way
    Jupiter,FL33458
    Joshua Herrendorf President/Director
    8.00     		25,000 0 0
    120 N Village Way
    Jupiter,FL33458
    Kasondra Cohen Herrendorf VP/Director
    10.00     		0 0 0
    3308 Trutch Street
    Vancouver,British Columbia  
    CA
    David P Pogrund Secretary/Treasurer
    1.00     		0 0 0
    1 East Wacker Drive
    Chicago,IL60601
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    29,331,343
    b
    Average of monthly cash balances.......................
    1b
    1,470,936
    c
    Fair market value of all other assets (see instructions)................
    1c
    6,450,856
    d
    Total (add lines 1a, b, and c).........................
    1d
    37,253,135
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    37,253,135
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    558,797
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    36,694,338
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,834,717
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,834,717
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    37,615
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    12,496
    c
    Add lines 2a and 2b............................
    2c
    50,111
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,784,606
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,784,606
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,784,606
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,436,395
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,436,395
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,436,395
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 1,784,606
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016...... 17,209
    c From 2017...... 530,516
    d From 2018...... 160,373
    e From 2019...... 94,317
    fTotal of lines 3a through e........ 802,415
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,436,395
    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..... 1,436,395
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 348,211 348,211
    (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 5 454,204
    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 ..........     		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 ......     		454,204
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 199,514
    c Excess from 2018.... 160,373
    d Excess from 2019.... 94,317
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    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:
    Tanya Slingsby
    425 Huehl Road Bldg 7
    Northbrook,IL60062
    (778) 889-4240
    tanya.slingby@herrendorf.org
    bThe form in which applications should be submitted and information and materials they should include:
    Based on participation in HFF LIVE Summit Program.
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Number of sessions attended and quality of engagment by the youth with speakers and peers.
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Tanya Slingsby
    425 Huehl Road Bldg 7
    Northbrook,IL60062
    (778) 889-4240
    tanya.slingby@herrendorf.org
    bThe form in which applications should be submitted and information and materials they should include:
    Recipients who applied to public call to youth for essays on mental health.
    cAny submission deadlines:
    August 31, 2020
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Students must be attending a post secondary institution in Canada or the USA.
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Tanya Slingsby
    425 Huehl Road Bldg 7
    Northbrook,IL60062
    (778) 889-4240
    tanya.slingby@herrendorf.org
    bThe form in which applications should be submitted and information and materials they should include:
    Volunteer participation in a cross Canada research project to gather contacts and details of youth organizations to create a directory.
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    None
    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
    Friends of IDF
    PO Box 4224
    New York,NY10163     		None 501(c)(3) Scholorships for Post-Secondary Studies 40,000
    Admiral Cove Foundation
    200 Admirals Cove Blvd
    Jupiter,FL33477     		None 501(c)(3) advocate for education, empowerment, and generational resilience 100,000
    Arie Crown Hebrew Day School Endowment
    30 S Wells St 4043
    Chicago,IL60606     		None 501(c)(3) advocate for education, empowerment, and generational resilience 83,333
    Agudah Camps
    7247 St Louis Ave
    Skokie,IL60076     		None 501(c)(3) Scholorships for Campers 20,000
    Jewish Family Service of Vancouver
    201-475 East Broadway
    Vancover,British ColumbiaVST 1W9
    CA     		None NC advocate for education, empowerment, and generational resilience 4,825
    Arts Umbrella Associaton
    1286 Cartwright Street
    Vancover,British ColumbiaV6H 2R8
    CA     		None NC Providing financial support to low and middle income families to finance art programming. 12,000
    Face of Today Foundation
    207 West Hastings Street
    Vancover,British ColumbiaV6B 1H7
    CA     		None NC Support for resource centre and programs providing education and wrap-around services, general centre administration, recording studio programs and maintenance, and tutoring programs. 205,700
    Friends of United Hatzalah
    208 East 51st Street Ste 303
    New York,NY10022     		None 501(c)(3) advocate for education, empowerment, and generational resilience 57,000
    No Longer Fatherless
    1648 Taylor Street 114
    Port Orange,FL32128     		None 501(c)(3) Mother's & Father's Day Initiatives for Youth 950
    Healing Mothers and Babies Coalition of Palm Beach
    4601 Lake Worth Road
    Greenacres,FL33463     		None 501(c)(3) Food Support for Pantry Program 3,000
    IL Holocaust Museum & Education
    9603 Woods Drive
    Skokie,IL60077     		None 501(c)(3) advocate for education, empowerment, and generational resilience 10,000
    Israel Cancer Reseach Fund
    PO Box 36
    Hartsdale,NY10530     		None 501(c)(3) advocate for education, empowerment, and generational resilience 4,000
    Jewish National Fund
    42 E 69th Street
    New York,NY10021     		None 501(c)(3) advocate for education, empowerment, and generational resilience 10,000
    Jewish United Funds
    30 S Wells Street
    Chicago,IL60606     		None 501(c)(3) advocate for education, empowerment, and generational resilience 50,000
    Role Model Movement
    47 W Polk Ste Ste 100-260
    Chicago,IL60605     		None 501(c)(3) Initiatives for Youth 550
    Rush University
    1201 W Harrison Street Ste 200
    Chicago,IL60607     		None 501(c)(3) advocate for education, empowerment, and generational resilience 10,000
    Simon Weisenthal Center
    1399 South Roxbury Drive
    Los Angeles,CA90035     		None 501(c)(3) advocate for education, empowerment, and generational resilience 105,000
    Solomon Schechter Day School
    3210 Dundee Road
    Northbrook,IL60062     		None 501(c)(3) advocate for education, empowerment, and generational resilience 10,000
    Camp Moshava of Wild Rose
    3740 W Dempster
    Skokie,IL60076     		None 501(c)(3) Scholorships for Campers 3,000
    United Hatzalah
    208 East 51st Street Ste 303
    New York,NY10022     		None 501(c)(3) Purchase of Ambucycles 3,000
    Hiffel Torah Day School
    7120 Laramie Ave
    Skokie,IL60077     		None 501(c)(3) advocate for education, empowerment, and generational resilience 10,000
    Hockey Education Reaching Out
    184-1857 West 4th Avenue
    Vancover,British ColumbiaV6J 1M4
    CA     		None NC Hockey Equipment for Youth Program 40,000
    Oprah Winfrey Charitable Foundation
    1041 N Formosa Ave
    W Hollywood,CA90046     		None 501(c)(3) Funding for Post-Secondary Scholarships 250,000
    My Block My Hood My City
    47 W Polk St Ste 100-260
    Chicago,IL60605     		None 501(c)(3) Funding for Post-Secondary Scholarships 30,000
    Friends of CAMH
    1725 I Street Northwest Ste 300
    Washington,DC20000     		None 501(c)(3) New CAMH Building Construction-Reflection Pool Feature 12,100
    Tay Smith
    150 Lindsay St
    Kimberly,British ColumbiaVIA ILJ
    CA     		None I Self Investment Scholarship 1,953
    Kyndra J Farell
    27321 Stella Road
    Faser Lake,British ColumbiaVOJ ISO
    CA     		None I Self Investment Scholarship 1,953
    Sabine Ramirez
    4001 E 134th St Trailer 78
    Chicago,IL60633     		None I Live Summit Bursary Scholarship 3,000
    Kristian Juthans
    1690 Havenville Place
    North Vancover,British ColumbiaV7J 1T4
    CA     		None I Self Investment Scholarship 1,953
    Jayen Gill
    3653 Picton Street
    Abbotsford,British ColumbiaV2S 7H7
    CA     		None I HFF Research Bursary Scholarship 765
    Malena Mokhovikova
    2164 Cassier Street
    Vancover,British ColumbiaV5M 3W8
    CA     		None I Self Investment Scholarship 883
    Adrian Hamel
    8512 S Exchange Ave
    Chicago,IL60617     		None I Live Summit Bursary Scholarship 3,000
    Nicola Peters
    27922 Buffer Cres
    Abbotsford,British ColumbiaV4X 2R9
    CA     		None I HFF Research Bursary Scholarship 765
    Total .................................bullet 3a 1,088,730
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 23,862  
    4 Dividends and interest from securities....     14 531,710  
    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..... 900099 894,776      
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,453,036  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 894,776 2,008,608 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,903,384
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    Herrendorf Family Foundation Inc
     
    C/O Joshua Herrendorf
    EIN:
    36-3553268
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting 34,050 0   34,050

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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    Herrendorf Family Foundation Inc
     
    C/O Joshua Herrendorf
    EIN:
    36-3553268
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    Face of Today Foundation
          		100-207 West Hastings Street
    Vancover,British ColumbiaV6B 1H7
    CA     		2021-06-16 205,700 Support for resource centre and programs providing education and wrap-around services, general centre administration, recording studio programs and maintenance, and tutoring programs.   To the knowledge of the grantor,there has not been any diversion      
    Jewish Family Services of Vancover
          		201-475 East Broadway
    Vancover,British ColumbiaV5T 1W9
    CA     		2021-03-23 4,825 Provide low-income single parent households with Jewish holiday meals for Passover, Rosh Hashanah and Hanukkah   To the knowledge of the grantor,there has not been any diversion      
    Arts Umbrella Association
          		1286 Cartwright Street
    Vancover,British ColumbiaV6H 2R8
    CA     		2021-04-05 7,930 Providing financial support to low and middle income families to finance art programming.   To the knowledge of the grantor,there has not been any diversion      
    Hockey Education Reach Out
          		184-1857 West 4th Ave
    Vancover,British ColumbiaV6J 1M4
    CA     		2021-10-28 40,000 Hockey Equipment for Youth Programs   To the knowledge of the grantor,there has not been any diversion      
    Arts Umbrella Association
          		1286 Cartwright Street
    Vancover,British ColumbiaV6H 2R8
    CA     		2021-06-03 4,070 Providing financial support to low and middle income families to finance art programming.   To the knowledge of the grantor,there has not been any diversion      

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Herrendorf Family Foundation Inc
     
    C/O Joshua Herrendorf
    EIN:
    36-3553268
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Investments - Corporate Stocks 33,137,613 33,137,613

    TY 2020 InvestmentsOtherSchedule2
    Name:
    Herrendorf Family Foundation Inc
     
    C/O Joshua Herrendorf
    EIN:
    36-3553268
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Investments - Others FMV 4,396,309 4,396,309

    TY 2020 LegalFeesSchedule
    Name:
    Herrendorf Family Foundation Inc
     
    C/O Joshua Herrendorf
    EIN:
    36-3553268
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 57,194 0   57,194


    TY 2020 OtherAssetsSchedule
    Name:
    Herrendorf Family Foundation Inc
     
    C/O Joshua Herrendorf
    EIN:
    36-3553268
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    3510 Wilmette Storage LLC -51,518 -67,288 -67,288
    CAPX Fund IV LLC 207,810 138,178 137,178
    Dirty Boots LLC 13,270 -1,138 -1,138
    East Liverpool Nursing Realty LLC 70,808 70,808 70,808
    Edgewater Growth Cap Ptnrs II 56,066 58,351 58,351
    Greenwood Storage LLC -52,635 -70,399 -70,399
    HAN Hastings LLC 48,903 49,955 49,955
    Hastings Acq LLC -8,706 -14,423 -14,423
    Indiana Storage LLC -1,719 -8,606 -8,606
    Pines Equity LP 45,097 28,549 28,549
    Rock Island Capital Fund II LP 589,809 344,540 344,540
    Silverspeak Legacy Fund II LP 6,524 6,524 6,524
    Sixth (VI) Midwest Millenium Fund 183,563 182,351 182,351
    Tal Equities III LP 49,691 51,751 51,751
    Unapplied K1 Distributions -34,137 -162,422 -162,422
    PDC Ventures 127,011 122,977 122,977
    Other Receivables 10,000    
    WA Absolute Return Hedge Fund LLC   507,520 507,520
    WA Real Estate Fund   150,744 150,744
    WA Directional Hedge Fund LLC   317,936 317,936
    Windrose Opportunity Fund LLC   50,613 50,613
    WA Global Fund   210,864 210,864
    WA Private Equity Fund   31,520 31,520
    Windrose WRPV XIV   230 230
    Greenwood Land LLC   32,300 32,300


    TY 2020 OtherExpensesSchedule
    Name:
    Herrendorf Family Foundation Inc
     
    C/O Joshua Herrendorf
    EIN:
    36-3553268
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Account Fees 166,316 166,316   0
    Consulting Fees 151,295 0   151,295
    Bank Fees 391 391   0
    Media and Promotional Expenses 53,956 0   53,956
    Training 395 0   395
    Licenses and Fees 775 0   775


    TY 2020 OtherIncomeSchedule2
    Name:
    Herrendorf Family Foundation Inc
     
    C/O Joshua Herrendorf
    EIN:
    36-3553268
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Investment Holdings 71,803 71,803 71,803
    Gain on Hedge Funds 781,379 781,379 781,379
    Misc Income 41,594 41,594 41,594


    TY 2020 OtherIncreasesSchedule
    Name:
    Herrendorf Family Foundation Inc
     
    C/O Joshua Herrendorf
    EIN:
    36-3553268
    Description Amount
    Unrealized Gain 6,623,049


    TY 2020 TaxesSchedule
    Name:
    Herrendorf Family Foundation Inc
     
    C/O Joshua Herrendorf
    EIN:
    36-3553268
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    State Taxes 30,561 30,561   0
    Federal Taxes 140,296 0   0