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
TAKIFF FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)313 SHORELINE COURT
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GLENCOE, IL60022
A Employer identification number

36-3307589
B Telephone number (see instructions)

(312) 401-5500
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$12,873,774J 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 3,198 3,198  
4 Dividends and interest from securities... 138,027 141,984  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 833,173
b Gross sales price for all assets on line 6a 2,969,720
7 Capital gain net income (from Part IV, line 2)... 833,173
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 121,746 20,305  
12 Total. Add lines 1 through 11........ 1,096,144 998,660  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
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 8,850 0   8,850
c Other professional fees (attach schedule).... Click to see attachment 28,826 28,826   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,568 1,568   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 598 0   598
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 39,842 30,394   9,448
25 Contributions, gifts, grants paid....... 904,071 904,071
26 Total expenses and disbursements. Add lines 24 and 25 943,913 30,394   913,519
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 152,231
b Net investment income (if negative, enter -0-) 968,266
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.............   16,775 16,775
2 Savings and temporary cash investments......... 494,431 1,234,165 1,234,165
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)....... 599,381 Click to see attachment565,413 759,308
c Investments—corporate bonds (attach schedule)....... 4,328,208 Click to see attachment4,498,722 5,288,301
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans............. 622,992 77,225 77,225
13 Investments—other (attach schedule).......... 1,343,360 Click to see attachment1,141,856 5,498,000
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,388,372 7,534,156 12,873,774
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) Click to see attachment39,693 Click to see attachment33,199
23 Total liabilities (add lines 17 through 22)......... 39,693 33,199
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 5,666,527 5,666,527
28 Retained earnings, accumulated income, endowment, or other funds 1,682,152 1,834,430
29 Total net assets or fund balances (see instructions)..... 7,348,679 7,500,957
30 Total liabilities and net assets/fund balances (see instructions). 7,388,372 7,534,156
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
7,348,679
2
Enter amount from Part I, line 27a .....................
2
152,231
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
47
4
Add lines 1, 2, and 3 ..........................
4
7,500,957
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
7,500,957
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 PERSHING 0613 - PUBLICLY TRADED SECURITIES P    
b PERSHING 0613 - PUBLICLY TRADED SECURITIES P    
c PERSHING 5319 - PUBLICLY TRADED SECURITIES P    
d PERSHING 5319 - PUBLICLY TRADED SECURITIES P    
e 450 SHARES OF FIRST BANK CHICAGO CORP P    
CAPITAL GAINS DIVIDENDS P    
(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 421,296   427,994 -6,698
b 1,409,740   1,399,099 10,641
c 22,884   28,014 -5,130
d 85,964   79,936 6,028
e 959,909   201,504 758,405
69,927     69,927
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       -6,698
b       10,641
c       -5,130
d       6,028
e       758,405
      69,927
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 2 833,173
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 13,459
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 13,459
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 13,459
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 4,747
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 19,747
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 6,288
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet6,288 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
 
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)
    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 addressbulletN/A
    14
    The books are in care ofbulletBOBETTE TAKIFF Telephone no.bullet (312) 401-5500

    Located atbullet313 SHORELINE COURTGLENCOEIL ZIP+4bullet60022
    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
     
    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
     
     
    .........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
    BOBETTE TAKIFF DIRECTOR
    2.00     		0 0 0
    313 SHORELINE COURT
    GLENCOE,IL60022
    JILL HIRSH DIRECTOR
    2.00     		0 0 0
    313 SHORELINE COURT
    GLENCOE,IL60022
    ELIZABETH SCHEINFELD DIRECTOR
    2.00     		0 0 0
    313 SHORELINE COURT
    GLENCOE,IL60022
    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 NONE 0
    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 NONE 0
    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
    5,251,418
    b
    Average of monthly cash balances.......................
    1b
    722,058
    c
    Fair market value of all other assets (see instructions)................
    1c
    5,575,225
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,548,701
    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
    11,548,701
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    173,231
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,375,470
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    568,774
    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
    568,774
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    13,459
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    13,459
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    555,315
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    555,315
    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
    555,315
    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
    913,519
    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
    913,519
    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
    913,519
    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 7 555,315
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 45,941
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 913,519
    a Applied to 2019, but not more than line 2a 45,941
    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..... 555,315
    e Remaining amount distributed out of corpus 312,263
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 312,263
    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 ......     		312,263
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 312,263
    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).)
    BOBETTE TAKIFF
    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:
    BOBETTE TAKIFF
    313 SHORELINE COURT
    GLENCOE,IL60022
    (847) 835-6500
    bThe form in which applications should be submitted and information and materials they should include:
    NO SPECIFIC FORM
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CONTRIBUTIONS ARE MADE TO EXEMPT CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC ORGANIZATIONS AS SELECTED BY THE DIRECTORS.
    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
    AMERICAN COMMITTEE FOR WEITZMAN INSTITUTE OF SCIENCE
    180 N LASALLE BLVD NO 3110
    CHICAGO,IL60601     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 50,000
    ANTI-DEFAMATION LEAGUE
    120 S LASALLE ST STE 1150
    CHICAGO,IL60603     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    ART ENCOUNTERS
    927 NOYES STREET
    EVANSTON,IL60201     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    ART MATTERS
    66 E RANDOLPH STREET
    CHICAGO,IL60601     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    ASOLO THEATER
    5555 N TAMIAMI TRAIL
    SARASOTA,FL34243     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    ASPIRITECH
    935 CHICAGO AVENUE
    EVANSTON,IL60202     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    BERNIE'S BOOK BANK
    917 N SHORE DRIVE
    LAKE BLUFF,IL60044     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    BLANTON MUSEUM
    200 E MARTIN LUTHER KING JR BLVD
    AUSTIN,TX78712     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    B'NAI BRITH FOUNDATION
    134 N LASALLE DR STE 1530
    CHICAGO,IL60602     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    B'NAI BRITH SPORTS LODGE
    134 N LASALLE DR STE 1530
    CHICAGO,IL60602     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    CHICAGO CHILDREN'S MUSEUM
    700 E GRAND AVENUE SUITE 127
    CHICAGO,IL60611     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    CHICAGO MOUNT SINAI HOSPITAL
    1500 S FAIRFIELD AVENNUE
    CHICAGO,IL60608     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    COURT THEATRE
    5535 S ELLIS AVENUE
    CHICAGO,IL60637     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    CRADLES TO CRAYONS
    4141 W GEORGE STREET
    CHICAGO,IL60641     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    DEFINITION THEATRE
    PO BOX 378077
    CHICAGO,IL60637     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    DUSABLE MUSEUM
    740 E 56TH PLACE
    CHICAGO,IL60637     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    ENCOMPASS
    30 S WELLS STREET
    CHICAGO,IL60606     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    FEEDING AMERICA
    161 N CLARK STREET SUITE 700
    CHICAGO,IL60601     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    FRIENDS OF THE IDF
    26 E MADISON
    CHICAGO,IL60602     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 16,000
    GLENCOE FAMILY SERVICES
    325 HAZEL
    GLENCOE,IL60022     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 11,800
    GLENCOE PUBLIC LIBRARY
    320 PARK AVE
    GLENCOE,IL60022     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 7,800
    GOODMAN THEATRE
    170 N DEARBORN STREET
    CHICAGO,IL60601     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    GREATER CHICAGO FOOD DEPOSITORY
    4100 W ANN LURIE PLACE
    CHICAGO,IL60632     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 30,000
    GREEN CITY MARKET
    2613 W LAWRENCE AVENUE
    CHICAGO,IL60625     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    HAVE DREAMS
    2020 DEMPSTER
    EVANSTON,IL60202     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    HILLEL AT TULANE UNIVERSITY
    912 BROADWAY ST
    NEW ORLEANS,LA70118     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,800
    HILLEL AT UNIVERSITY OF IOWA
    122 E MARKET STREET
    IOWA CITY,IA52245     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,800
    HILLEL AT UNIVERSITY OF SOUTHERN CALIFORNIA
    3300 S HOOVER STREET
    LOS ANGELES,CA90007     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,800
    HILLEL AT UNIVERSITY OF TEXAS
    2105 SAN ANTONIO ST
    AUSTIN,TX78705     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,800
    I GROW CHICAGO
    6402 S HONORE STREET
    CHICAGO,IL60636     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    ILLINOIS HOLOCAUST MUSEUM
    9603 WOODS DR
    SKOKIE,IL60077     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 20,000
    ILLINOIS HOLOCAUST MUSEUM EDUCATION FOUNDATION
    9603 WOODS DR
    SKOKIE,IL60077     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    JEWISH CHILDREN AND FAMILY SERVICES
    3145 W PRATT BLVD
    CHICAGO,IL60645     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    JEWISH NATIONAL FUND
    60 REVERE DRIVE NO 725
    NORTHBROOK,IL60062     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    JEWISH UNITED FUND
    30 S WELLS STREET
    CHICAGO,IL60606     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 172,216
    JUF YOUNG LEADERSHIP
    30 S WELLS STREET
    CHICAGO,IL60606     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 30,000
    KESHET
    8170 N MCCORMICK BLVD
    SKOKIE,IL60076     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    KOHL'S CHILDREN'S MUSEUM
    2100 PATRIOT BLVD
    GLENVIEW,IL60026     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    LEUKEMIA & LYMPHOMA SOCIETY
    3505 E FRONTAGE ROAD SUITE 145
    TAMPA,FL33607     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 500
    LOOKINGGLASS THEATRE
    821 N MICHIGAN AVENUE
    CHICAGO,IL60611     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    MARWEN
    833 N ORLEANS STREET
    CHICAGO,IL60610     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    MAZON
    10850 WILSHIRE BLVD SUITE 408
    LOS ANGELES,CA90024     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    MUSEUM OF CONTEMPORARY ART
    220 E CHICAGO AVENUE
    CHICAGO,IL60611     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    NEW TRIER FOOD PANTRY
    739 ELM STREET
    WINNETKA,IL60093     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    NIGHT MINISTRY
    1735 N ASHLAND AVENUE SUITE 2000
    CHICAGO,IL60622     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 20,000
    NORTH SHORE CONGREGATION ISRAEL
    1185 SHERIDAN RD
    GLENCOE,IL60022     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 25,000
    NORTHERN ILLINOIS FOOD BANK
    273 DEARBORN COURT
    GLENVIEW,IL60134     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    NORTHFIELD TOWNSHIP FOOD PANTRY
    2550 WAUKEGAN ROAD SUITE 100
    GLENVIEW,IL60025     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    RAVINIA FESTIVAL
    200 RAVINIA PARK ROAD
    HIGHLAND PARK,IL60035     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    SHALVA
    PO BOX 46375
    CHICAGO,IL606490375     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    SOUTHERN POVERTY LAW CENTER
    400 WASHINGTON AVENUE
    MONTGOMERY,AL36104     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    SPERTUS INSTITUTE OF JEWISH STUDIES
    610 S MICHIGAN AVENUE
    CHICAGO,IL60605     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    STEPPENWOLF THEATRE
    1650 N HALSTED STREET
    CHICAGO,IL60614     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    THE ARK
    6450 N CALIFORNIA AVENUE
    CHICAGO,IL60645     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 50,000
    THE CONTEMPORARY MUSEUM AUSTIN
    700 CONGRESS AVENUE
    AUSTIN,TX78701     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    THRESHOLDS
    4423 N RAVENSWOOD AVENUE
    CHICAGO,IL60640     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000
    US HOLOCAUST MEMORIAL MUSEUM
    100 RAOUL WALLENBERG PLACE SW
    WASHINGTON,DC20024     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 35,000
    WRITER'S THEATRE
    376 PARK AVE
    GLENCOE,IL60022     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 22,500
    AMERICAN FRIENDS OF THE ISRAELI OPERA
    C/O SHIBOLET YISRAELI ETALI PENN
    PLACE
    NEW YORK,NY10019     		NONE PC EXEMPT PURPOSE OF ORGANIZATION 6,055
    Total .................................bullet 3a 904,071
    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 3,198  
    4 Dividends and interest from securities....     14 138,027  
    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.....     14 21,998  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 833,173  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMADISON ASSOCIATES     		900099 -13      
    bFEDERAL TAX REFUND     01 72,690  
    cSTATE TAX REFUND     01 27,071  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -13 1,096,157 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,096,144
    (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:
    TAKIFF FAMILY FOUNDATION
    EIN:
    36-3307589
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING AND TAX SERVICES 8,850 0   8,850

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    TAKIFF FAMILY FOUNDATION
    EIN:
    36-3307589
    Name of Bond End of Year Book Value End of Year Fair Market Value
    RIVER CANYON TOTAL RETURN BOND 274,462 273,484
    DOUBLELINE CORE FIXED INCOME FUND CLASS I 1,688,003 1,765,667
    FIDELITY 500 INDEX FUND 275,571 378,863
    FIDELITY ADVISOR INTERNATIONAL REAL ESTATE FUND CLASS Z 231,264 255,209
    ADARA SMALLER COMPANIES FUND 330,172 529,539
    AQUARIUS INTERNATIONAL FUND 842,937 938,451
    MATISSE DISCOUNTED CLOSED-END FUND STRATEGY INST CLASS 256,087 338,495
    TIAA-CREF REAL ESTATE SECURITIES FUND CLASS I 241,349 253,372
    TOUCHSTONE SANDS CAPITAL SELECT GROWTH FUND INSTITUTIONAL CLASS 358,877 555,221

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    TAKIFF FAMILY FOUNDATION
    EIN:
    36-3307589
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ISHARES TR RUSSELL 2000 ETF 24,920 31,174
    ISHARES TR MSCI ACWI ETF 58,823 87,091
    VANGUARD INTL EQUITY INDEX FDS TOTAL WORLD STK INDEX FD 181,225 223,508
    AGILENT TECHNOLOGIES INC COM 8,022 14,219
    ALPHABET INC CL A 4,413 21,032
    AMERICAN GROUP INC COM NEW 17,180 14,576
    BERKSHIRE HATHAWAY INC DEL CL B NEW 10,381 13,912
    BOOKING HLDGS INC COM 12,307 15,591
    CBRE GROUP INC CL A 5,811 13,798
    CITIGROUP INC COM NEW ISIN 14,070 16,957
    COMCAST CORP CL A 8,384 14,148
    CONSTELLATION BRANDS INC CL A 9,507 14,238
    EOG RES INC COM 6,479 7,481
    GENERAL MOTORS CO COM 10,802 13,533
    HCA HEALTHCARE INC COM 4,120 8,223
    HILTON WORLDWISE HLDGS COM NEW 9,155 13,908
    HOWARD HUGHES CORP COM 12,148 12,234
    INTERPUBLIC GROUP COS INC COM 14,397 15,641
    KEURIG DR PEPPER INC COM 11,306 13,120
    LIBERTY BROADBAND CORP COM SER C 4,300 13,461
    ORACLE CORP COM 7,104 11,968
    TE CENNECTIVITY LTD REF SHS ISIN 6,988 13,318
    WORKDAY INC CL A 4,794 8,386
    FACEBOOK INC CL A 9,339 14,204
    LIVANOVA PLC SHS ISIN 7,971 8,607
    SCHWAB CHARLES CORP NEW COM 8,881 10,343
    VISA INC COM CL A 4,445 12,030
    WELLS FARGO & CO NEW COM 13,281 16,297
    ENPRO INDUSTRIES 312 3,323
    GENERAL ELECTRIC 25,944 7,560
    JP SMUCKER CO 190 578
    KRONOS WORLDWIDE 7,073 12,584
    NL INDUSTRIES 17,208 3,824
    ORACLE CORP 23,850 58,221
    WABTEC 234 220
    GULF COAST ULTRA DEE UTS 49 0

    TY 2020 InvestmentsOtherSchedule2
    Name:
    TAKIFF FAMILY FOUNDATION
    EIN:
    36-3307589
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FIRST BANK CHICAGO CORP AT COST 1,141,856 5,498,000

    TY 2020 OtherExpensesSchedule
    Name:
    TAKIFF FAMILY FOUNDATION
    EIN:
    36-3307589
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEES AND DUES 175 0   175
    OFFICE EXPENSE 423 0   423


    TY 2020 OtherIncomeSchedule2
    Name:
    TAKIFF FAMILY FOUNDATION
    EIN:
    36-3307589
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PERSHING 0613 NONDIVIDEND DIST 1,687 0 1,687
    PERSHING 5319 NONDIVIDEND DIST 6 0 6
    INTEREST - MORTGAGE LOAN 20,305 20,305 20,305
    MADISON ASSOCIATES -13 0 -13
    FEDERAL TAX REFUND 72,690   72,690
    STATE TAX REFUND 27,071   27,071


    TY 2020 OtherIncreasesSchedule
    Name:
    TAKIFF FAMILY FOUNDATION
    EIN:
    36-3307589
    Description Amount
    PRIOR PERIOD ADJUSTMENT 47


    TY 2020 OtherLiabilitiesSchedule
    Name:
    TAKIFF FAMILY FOUNDATION
    EIN:
    36-3307589
    Description Beginning of Year - Book Value End of Year - Book Value
    CHECKS IN EXCESS OF CASH BALANCE 6,507 0
    MADISON ASSOCIATES 33,186 33,199


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    TAKIFF FAMILY FOUNDATION
    EIN:
    36-3307589
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 28,826 28,826   0


    TY 2020 TaxesSchedule
    Name:
    TAKIFF FAMILY FOUNDATION
    EIN:
    36-3307589
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,568 1,568   0