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
TWIN TREES FOUNDATIONINC
 
Number and street (or P.O. box number if mail is not delivered to street address)5983 SE MOURNING DOVE WAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HOBE SOUND, FL33455
A Employer identification number

91-2092293
B Telephone number (see instructions)

(772) 546-3548
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$728,197J 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 1,502 1,502  
4 Dividends and interest from securities... 12,973 12,973  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 9,293
b Gross sales price for all assets on line 6a 133,126
7 Capital gain net income (from Part IV, line 2)... 9,293
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 23,768 23,768  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,375     2,375
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 358 52    
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 2,172 1,696   476
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,905 1,748   2,851
25 Contributions, gifts, grants paid....... 34,500 34,500
26 Total expenses and disbursements. Add lines 24 and 25 39,405 1,748   37,351
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -15,637
b Net investment income (if negative, enter -0-) 22,020
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,836 39,696 39,696
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) 87,250 Click to see attachment89,259 98,651
b Investments—corporate stock (attach schedule)....... 23,223 Click to see attachment16,139 53,182
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 528,347 Click to see attachment480,396 535,357
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,604 Click to see attachment1,311 Click to see attachment1,311
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 643,260 626,801 728,197
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
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 643,260 626,801
29 Total net assets or fund balances (see instructions)..... 643,260 626,801
30 Total liabilities and net assets/fund balances (see instructions). 643,260 626,801
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
643,260
2
Enter amount from Part I, line 27a .....................
2
-15,637
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
627,623
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
822
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
626,801
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 US TREASURY NOTE .125% 1/15/22 P 2019-10-09 2020-03-19
b ALLIANZ FIXED INCOME SHARES SER R P 2017-03-15 2020-03-30
c FRANKLIN TEMPLETON GLBL BD FD P 2011-10-20 2020-12-07
d 3.754 BLACKROCK STRATEGIC INC OPP P 2019-12-23 2020-12-07
e 1488.095AQR STYLE PREMIA ALT FUND CL P 2016-03-18 2020-12-07
163.983 BARON REAL ESTATE FD RETAIL P 2015-10-15 2020-12-07
2529.618 BLACKROCK STRATEGIC INC OPP P 2013-04-09 2020-12-07
2450.329 BLACKROCK GLOBAL LONG/SHORT P 2013-04-09 2020-12-07
422..251 FMI IMTERNATIONAL FUND P 2015-05-08 2020-12-07
44 GENERAL ELECTRIC CO P 2016-03-22 2020-12-07
250 HANNON ARMSTRONG SUSTAINABLE P 2019-01-24 2020-12-07
3469.966 LORD ABBETT SHORT DURATION P 2013-06-20 2020-12-07
608.834 PIMCO REAL ESTATE REAL RETUR P 2013-06-20 2020-12-07
472.727 FRANKLIN TEMPLETON GLOBAL B P 2013-05-13 2020-12-07
.2 TORTOISE MLP FUND INC P 2019-01-24 2020-05-01
(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 1,108   1,108  
b 1,776   1,709 67
c 2,656   3,321 -665
d 39   37 2
e 9,122   15,000 -5,878
5,500   4,077 1,423
26,151   25,535 616
24,895   26,016 -1,121
13,322   12,852 470
470   1,250 -780
13,453   5,157 8,296
14,569   16,027 -1,458
4,597   5,536 -939
4,634   6,184 -1,550
4   24 -20
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        
b       67
c       -665
d       2
e       -5,878
      1,423
      616
      -1,121
      470
      -780
      8,296
      -1,458
      -939
      -1,550
      -20
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 9,293
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 2
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................................ 1 306
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........................... 3 306
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- ..... 5 306
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,188
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,188
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 10 882
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet882 RefundedBullet 11  
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
 
 
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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)
    bulletDE, FL
    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 addressbulletN/A
    14
    The books are in care ofbulletJOANN F SCHWALM Telephone no.bullet (772) 546-3548

    Located atbullet5983 SE MOURNING DOVE WAYHOBE SOUNDFL ZIP+4bullet33455
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
     
    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
     
     
    .........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
    JOANN F SCHWALM PRESIDENT/DI
    0.50     		0 0 0
    5983 SE MOURNING DOVE WAY
    HOBE SOUND,FL33455
    J BRADFORD SCHWALM TREAS/DIRECT
    0.50     		0 0 0
    240 EAST GRANADA AVENUE
    HERSHEY,PA17033
    MATSON F SCHWALM DIRECTOR
    1.00     		0 0 0
    2620 N WAYNE AVE
    CHICAGO,IL60614
    DUGAN H SCHWALM DIRECTOR
    0.50     		0 0 0
    225 N COLUMBUS DRIVE
    APT 3809
    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  
    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.............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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    667,377
    b
    Average of monthly cash balances.......................
    1b
    12,085
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,421
    d
    Total (add lines 1a, b, and c).........................
    1d
    680,883
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    680,883
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    10,213
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    670,670
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    33,534
    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
    33,534
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    306
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    306
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    33,228
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    33,228
    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
    33,228
    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
    37,351
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    37,351
    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
    37,351
    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 33,228
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 2,525
    b From 2016...... 2,650
    c From 2017......  
    d From 2018...... 7,527
    e From 2019...... 5,100
    fTotal of lines 3a through e........ 17,802
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 37,351
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 33,228
    e Remaining amount distributed out of corpus 4,123
    5 Excess distributions carryover applied to 2020.    
    (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 21,925
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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 ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		2,525
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		19,400
    10 Analysis of line 9:
    a Excess from 2016.... 2,650
    b Excess from 2017....  
    c Excess from 2018.... 7,527
    d Excess from 2019.... 5,100
    e Excess from 2020.... 4,123
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AI DUPONT INSTITUTE
    HOSPITAL FOR CHILDREN
    1600 ROCKLAND ROAD
    WILMINGTON,DE19803     		NONE PUBLIC GENERAL SUPPORT 250
    ANTIQUE BOAT MUSEUM
    750 MARY STREET
    CLAYTON,NY13624     		NONE PC GENERAL SUPPORT 1,000
    BOYS & GIRLS CLUB
    OF MARTIN COUNTY
    11500 SE LARES AVE
    HOBE SOUND,FL33475     		NONE 501(C)(3) GENERAL SUPPORT 250
    BRUNSWICK SCHOOL
    100 MAHER AVENUE
    GREENWICH,CT06830     		NONE 501C3 NEFF FAMILY ENDOWMENT FOR FINCL AID 250
    CAMP MANITO-WISH
    PO BOX 246
    BOULDER JUNCTION,WI545120246     		NONE PUBLIC GENERAL SUPPORT-100TH ANNIVERSARY 500
    CHRIST MEMORIAL CHAPEL
    52 SOUTH BEACH ROAD
    PO BOX 582
    HOBE SOUND,FL33455     		NONE 501(C)(3) GENERAL SUPPORT 500
    COCOA PACKS
    500 HOMESTEAD ROAD
    HERSHEY,PA17033     		NONE 501(C)(3) GENERAL SUPPORT 1,000
    DENSMORE CHURCH
    PO BOX 571
    WELLESLEY ISLAND,NY13640     		NONE PUBLIC GENERAL SUPPORT 250
    EVERGLADES FOUNDATION
    1800 OLD CUTLER ROAD
    SUITE 625
    PALMETTO BAY,FL33157     		NONE 501(C)(3) GENERAL SUPPORT 250
    GLEN VIEW CLUB SCHOLARSHIP FUND
    100 GOLF ROAD
    GOLF,IL600290309     		NONE PUBLIC GENERAL SUPPORT 250
    GREATER CHICAGO FOOD DEPOSITORY
    4100 ANN LURIE PLACE
    CHICAGO,IL60632     		NONE PUBLIC GENERAL SUPPORT 500
    GUARDIANS OF MARTIN COUNTY
    PO BOX 1489
    HOBE SOUND,FL33475     		NONE 501(C)(3) GENERAL SUPPORT 500
    HAMILTON COLLEGE
    198 COLLEGE HILL ROAD
    CLINTON,NY13323     		NONE PUBLIC GENERAL SUPPORT 1,000
    HERSHEY LIBRARY ENDOWMENT TRUST
    701 COCOA AVENUE
    HERSHEY,PA17033     		NONE PUBLIC GENERAL SUPPORT 500
    HERSHEY VOLUNTEER FIRE DEPARTMENT
    21 W CARACAS AVENUE
    HERSHEY,PA17033     		NONE PUBLIC GENERAL SUPPORT 250
    HOBE SOUND COMMUNITY CHEST
    PO BOX 511
    HOBE SOUND,FL334750511     		NONE PUBLIC GENERAL SUPPORT- ANNUAL FUND 500
    HOBE SOUND NATURE CENTER
    PO BOX 214
    HOBE SOUND,FL33475     		NONE PUBLIC GENERAL SUPPORT 250
    HOBE SOUND NATURE CENTER
    PO BOX 214
    HOBE SOUND,FL33455     		NONE PUBLIC GENERAL SUPPORT 250
    INDIAN RIVER LAKES CONSERVANCY
    PO BOX 27
    REDWOOD,NY13679     		NONE 501(C)(3) GENERAL SUPPORT 500
    ANN & ROBERT H LURIE
    CHILDREN'S HOSPITAL OF CHICAGO
    225 EAST CHICAGO AVENUE
    BOX 4
    CHICAGO,IL606112991     		NONE PUBLIC FOUNDERS BOARD/PEDIACTRIC 250
    MARTIN MEMORIAL HOSPITAL
    2150 SE SALERNO ROAD 200
    STUART,FL34997     		NONE PUBLIC GENERAL SUPPORT 1,000
    PENN STATE UNIVERSITY
    MILTON S HERSHEY MEDICAL CENTER
    2583 GATEWAY DR
    SUITE 130
    STATE COLLEGE,PA168013098     		NONE PUBLIC GENERAL SUPPORT 500
    PLANNED PARENTHOOD
    OF ILLINOIS
    18 S MICHIGAN AVENUE
    CHICAGO,IL60603     		NONE 501(C)(3) GENERAL SUPPORT 500
    RIVER HOSPITAL
    4 FULLER STREET
    ALEXANDRIA BAY,NY13607     		NONE PUBLIC EMERGENCY DEPARTMENT BAY 5,000
    SACRED HEART SCHOOLS
    6250 N SHERIDAN ROAD
    CHICAGO,IL60660     		NONE 501(C)(3) GENERAL SUPPORT-ANNUAL FUND 2,000
    SAVE THE RIVER
    409 RIVERSIDE DRIVE
    CLAYTON,NY13624     		NONE PUBLIC GENERAL SUPPORT 250
    SHEDD AQUARIUM
    1200 S LAKE SHORE DRIVE
    CHICAGO,IL60605     		NONE PUBLIC GENERAL SUPPORT 250
    SHIRLEY RYAN ABILITYLAB
    355 E ERIE STREET
    CHICAGO,IL60611     		NONE 501(C)(3) CONSTRUCT & IMPLEMENT PROGRAMS 5,000
    ST CHRYSTOTOM'S CHURCH
    AND DAY SCHOOL
    1424 NORTH DEARBORN ST
    CHICAGO,IL60610     		PUBLIC 501(C)(3) CHURCH RENOVATION 2,500
    SWEDISH MEDICAL CENTER
    5145 N CALIFORNIA AVENUE
    CHICAGO,IL60625     		NONE PUBLIC GENERAL SUPPORT 250
    THOUSAND ISLANDS ARTS CENTER
    314 JOHN STREET
    CLAYTON,NY13624     		NONE 501(C)(3) GENERAL SUPPORT 250
    THOUSAND ISLANDS EMERGENCY
    RESCUE SERVICE
    100 UNION STREET
    CLAYTON,NY13624     		NONE PUBLIC GENERAL SUPPORT 250
    THOUSAND ISLAND LAND TRUST
    PO BOX 238
    135 JOHN STREET
    CLAYTON,NY13624     		NONE 501(C)(3) GENERAL SUPPORT 500
    UNITED WAY OF MARTIN COUNTY
    10 SE CENTRAL PKWY
    SUITE 101
    STUART,FL34994     		NONE PC COMMUNITY IMPACT FUND 500
    UNIVERSITY OF CHICAGO
    BOOTH SCHOOL
    1427 EAST 60TH STREET
    SUITE 120
    CHICAGO,IL60637     		NONE PUBLIC GENERAL SUPPORT- ANNUAL FUND 1,000
    VANDERBILT UNIVERSITY
    SCHOOL OF ENGINEERING
    2301 VANDERBILT PLACE
    NASHVILLE,TN372357727     		NONE PUBLIC GENERAL SUPPORT 500
    VANDERBILT UNIVERSITY
    2301 VANDERBILT PLACE
    NASHVILLE,TN37235     		NONE PUBLIC GENERAL SUPPORT 250
    WELLESLEY ISLAND FIRE DEPT
    POBOX 250
    WELLESLEY ISLAND,NY13640     		NONE PUBLIC GENERAL SUPPORT 1,000
    MINNA ANTHONY COMMON
    NATURE CENTER
    44927 CROSS ISLAND ROAD
    WELLESLEY ISL STATE PARK
    FINEVIEW,NY13640     		NONE 501(C)(3) GENERAL SUPPORT 500
    WILLIAM S BOWMAN TRUST
    FOR THE HORTICULTURAL BEAUTIFICATION OF HERSHEY
    111 COCOA AVENUE
    HERSHEY,PA17033     		NONE PUBLIC GENERAL SUPPORT 250
    WOMEN'S BOARD OF
    RUSH UNIVERSITY MEDICAL CENTER
    1725 WEST HARRISON STREET
    SUITE 545
    CHICAGO,IL60612     		NONE 501(C)(3) GENERAL SUPORT 2,000
    RONALD MCDONALD HOUSE
    CHARITIES OF CENTRAL PA
    745 W GOVERNOR ROAD
    HERSHEY,PA17033     		NONE 501(C)(3) GENERAL SUPPORT 250
    CHICAGO HISTORY MUSEUM
    1601 H CLARK STREET
    CHICAGO,IL60614     		NONE 501(C)(3) GENERAL SUPPORT 500
    CLEARWATER CAMP
    7490 E CLEARWATER ROAD
    MINOCQUA,WI54548     		NONE 501(C)(3) GENERAL SUPPORT 500
    Total .................................bullet 3a 34,500
    bApproved for future payment
    RIVER HOSPITAL
    4 FULLER STREET
    ALEXANDRIA BAY,NY13607     		NONE PUBLIC EMERGENCY DEPARTMENT BAY 2,500
    SHIRLEY RYAN ABILITYLAB
    355 E ERIE STREET
    CHICAGO,IL60611     		NONE 501(C)(3) CONSTRUCT & IMPLEMENT PROGRAMS 10,000
    ST CHRYSTOTOM'S CHURCH
    AND DAY SCHOOL
    1424 NORTH DEARBORN ST
    CHICAGO,IL60610     		NONE PUBLIC CHURCH RENOVATION 2,500
    Total .................................bullet 3b 15,000
    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 1,502  
    4 Dividends and interest from securities....     14 12,973  
    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 ............     		    14 9,293  
    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)..   23,768  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    23,768
    (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:
    TWIN TREES FOUNDATIONINC
    EIN:
    91-2092293
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION 2,375     2,375

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    TWIN TREES FOUNDATIONINC
    EIN:
    91-2092293
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3 SH AMAZON INC 1,213 9,771
    21 SH FACEBOOK INC 1,999 5,736
    44 SH GENERAL ELECTRIC CO    
    500 SH HANNON ARMSTRONG REIT    
    250 SH HANNON ARMSTRONG REIT 5,157 15,858
    30 SH JP MORGAN CHASE 1,020 3,812
    30 SH MORGAN STANLEY 888 2,056
    7 SH UNITED HEALTH GROUP 183 2,455
    17 SH VISA INC 1,190 3,718
    15 SH WALT DISNEY CO 1,138 2,718
    100 SH W P CAREY REIT 3,351 7,058

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    TWIN TREES FOUNDATIONINC
    EIN:
    91-2092293
    US Government Securities - End of Year Book Value:

    89,259
    US Government Securities - End of Year Fair Market Value:

    98,651
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2020 InvestmentsOtherSchedule2
    Name:
    TWIN TREES FOUNDATIONINC
    EIN:
    91-2092293
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    1488.095 SH AQR STYLE PREMIA ALT FD AT COST    
    844.631 AQR CORE PLUS BOND FUND AT COST 9,122 8,810
    29.242 AQR CORE PLUS FUND AT COST 306 305
    548.246 SH BARON DISCOVERY FUND RT AT COST 10,000 18,734
    169.701 SH BARON DISCOVERY FUND AT COST 5,500 5,799
    19.643 SH BARON DISCOVERY FUND AT COST 598 671
    .743 SH BARON DISCOVERY FUND RT AT COST    
    160.836 SH BARON REAL ESTATE FUND AT COST    
    282.771 SH BARON REAL ESTATE FUND AT COST    
    151.564 SH BARON REAL ESTATE FUND AT COST    
    282.625 SH BARON REAL ESTATE FUND AT COST 6,447 9,951
    189.974 SH BARON REAL ESTATE FUND AT COST 5,102 6,689
    2320.162 SH BLACKROCK TOTAL EMERGING AT COST 24,895 25,429
    580.984 SH FIRST EAGLE GLOBAL FUND AT COST 12,882 14,850
    125 SH FIRST TRUST DOW JONES INTERNE AT COST 10,580 26,529
    402.431 SH FMI INTERNATIONAL FUND AT COST    
    19.82 SH FMI INTERNATIONAL FUND AT COST    
    491.642 SH FMI LARGE CAP FUND AT COST 10,000 9,587
    502.765 SH FMI LARGE CAP FUND AT COST 10,000 9,804
    255.493 SH FMI LARGE CAP FUND AT COST 5,000 4,982
    574.169 SH FMI LARGE CAP FUND AT COST    
    759.026 SH FMI LARGE CAP FUND AT COST 14,516 14,801
    743.625 FRANKLIN TEMPLETON GLOBAL AT COST    
    733..221 SH GOLDMAN SACHS GOG PARTNE AT COST 13,014 13,066
    250 SH INVESCO S&P 500 EQUAL WEIGHT AT COST 21,331 31,885
    206.801 LORD ABBETT ALPHA STRATEGY F AT COST 4,500 5,412
    293.816 LORD ABBETT ALPHA STRATEGY F AT COST    
    326.997 SH LORD ABBETT ALPHA STRATEG AT COST 8,052 8,558
    113.861 LORD ABBETT BOND DEB FD AT COST 905 958
    302.115 LORD ABBETT BOND DEB FD AT COST 2,005 2,541
    469.682 LORD ABBETT BOND DEB FD AT COST 3,520 3,950
    3469.966 LORD ABBETT SHORT DURATION AT COST    
    1158.48 SH METROPOLITAN WEST TOTAL R AT COST 12,500 12,952
    555.042 METROPOLITAN WEST TOTAL RETU AT COST 6,000 6,205
    123.964 METROPOLITAN WEST TOTAL RETU AT COST 1,362 1,386
    39.339 METROPOLITAN WEST TOTAL RETUR AT COST    
    1430 CBRE CLARION GLOBAL REAL EST AT COST 9,912 9,838
    1570 SH CBRE CLARION GLOBAL REAL EST AT COST 12,059 10,802
    417.123 PIMCO MORTGAGE OPP AND BOND AT COST 4,597 4,580
    272.857 PIMCO REAL ESTATE REAL RET F AT COST    
    321.337 PIMCO REAL ESTATE REAL RET F AT COST    
    14.641 PIMCO REAL ESTATE REAL RET F AT COST    
    986.343 SH PRINCIPAL SMALL MIDCAP DI AT COST 13,005 13,888
    204.912 SH PRINCIPAL SMALL MIDCAP DI AT COST 2,836 2,885
    267.917 PRINCIPAL SML MIDCAP DIV INC AT COST 4,000 3,791
    1.751 PRINCIPAL SML MIDCAP DIV INC AT COST 27 25
    319.026 PGIM JENNISON HLTH SCI AT COST 11,005 15,939
    181.829 PGIM JENNISON HLTH SCIENCES AT COST 8,116 9,084
    86.233 PGIM JENNISON HLTH SCIENCES AT COST    
    2458.21 BLACKROCK STRATEGIC INCOME O AT COST    
    75.162 BLACKROCK STRATEGIC INCOME OP AT COST    
    2450.329 BLACKROCK GLOBL LONG/SHORT AT COST    
    4554.871 BLACKROCK MULTI-ASSET AT COST 50,603 50,878
    149.8 SH TORTOISE MLP FUND AT COST 18,075 3,084
    27.2 SH TORTOISE MLP FUND AT COST 2,850 560
    70 SH VANGUARD MIDCAP ETF AT COST 9,806 14,474
    120 SH VANGUARD HIGH DIVID YIELD AT COST 9,885 10,981
    100 SH VANGUARD HIGH DIVID YIELD AT COST 9,167 9,151
    1550.388 VIRTUS SEIX HIGH INCOME FUN AT COST 9,998 10,016
    1631.854 VIRTUS SEIX HIGH YIELD FD AT COST 12,471 14,018
    768.246 VIRTUS SEIX HIGH YIELD FD AT COST 5,989 6,599
    3569 SH WESTERN ASSET HIGH INC OPP F AT COST 16,741 17,667
    3501.48 SH ALLIANZ FIXED INCOME AT COST    
    3315.48 SH ALLIANZ FIXED INCOME AT COST 30,469 35,608
    3774.107 SH ALLIANZ FIXED INCOME AT COST 34,646 40,534
    59.87 SH ALLIANZ FIXED INCOME AT COST 551 643
    90.3 SH ALLIANZ FIXED INCOME AT COST 814 970
    89.9 SH ALLIANZ FIXED INCOME AT COST 805 966
    90 SH ALLIANZ FIXED INCOME AT COST 784 967
    189.181 SH ALLIANZ FIXED INCOME AT COST 1,756 2,032
    141.767 SH ALLIANZ FIXED INCOME AT COST 1,292 1,523

    TY 2020 OtherAssetsSchedule
    Name:
    TWIN TREES FOUNDATIONINC
    EIN:
    91-2092293
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    WP CAREY DIV RECEIVABLE 104    
    HANNON ARMSTRONG DIV RECEIVABLE 167    
    DIVIDENDS RECEIVABLE- UBS90467 683 356 356
    DIVIDENDS RECEIVABLE-UBS90479   73 73
    PREPAID EXCISE TAX 488 882 882
    ACCRUED INTEREST PAID 162    


    TY 2020 OtherDecreasesSchedule
    Name:
    TWIN TREES FOUNDATIONINC
    EIN:
    91-2092293
    Description Amount
    1099 TIMING DIFFERENCE 822


    TY 2020 OtherExpensesSchedule
    Name:
    TWIN TREES FOUNDATIONINC
    EIN:
    91-2092293
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INVESTMENT EXPENSES 90479 1,616 1,616    
    INVESTMENT EXPENSES 90467 80 80    
    CT CORP REPRESENTATION FEES 476     476


    TY 2020 TaxesSchedule
    Name:
    TWIN TREES FOUNDATIONINC
    EIN:
    91-2092293
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 306      
    FOREIGN TAXES PAID- UBS 90467 52 52