Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 07-01-2020 , and ending 06-30-2021
Name of foundation
THE SUNSHINE CHARITABLE FOUNDATION
 
% JANE BRONSON
Number and street (or P.O. box number if mail is not delivered to street address)111 Lake Street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Libertyville, IL60048
A Employer identification number

20-1919538
B Telephone number (see instructions)

(847) 615-9560
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$151,323,633J Accounting method:
MODIFIED CASH
(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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 464,185 464,185  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,535,049
b Gross sales price for all assets on line 6a 6,978,199
7 Capital gain net income (from Part IV, line 2)... 2,533,242
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 -1,353,153 20,754  
12 Total. Add lines 1 through 11........ 1,646,081 3,018,181  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 3,420 1,700 0 1,720
b Accounting fees (attach schedule)....... Click to see attachment 81,527 57,069 0 8,153
c Other professional fees (attach schedule).... Click to see attachment 200,000 200,000    
17 Interest............... 2,877 2,869    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 180      
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 229,084 221,704 0 1,362
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 517,088 483,342 0 11,235
25 Contributions, gifts, grants paid....... 5,297,600 5,297,600
26 Total expenses and disbursements. Add lines 24 and 25 5,814,688 483,342 0 5,308,835
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,168,607
b Net investment income (if negative, enter -0-) 2,534,839
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,092,923 1,795,209 1,795,205
2 Savings and temporary cash investments......... 41,340,832 24,810,743 29,860,276
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).......      
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).......... 45,587,862 Click to see attachment56,284,631 119,668,152
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) 88,021,617 82,890,583 151,323,633
Liabilities 17 Accounts payable and accrued expenses.......... 88,476 190,734
18 Grants payable.................    
19 Deferred revenue.................   997,266
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)......... 88,476 1,188,000
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 87,933,141 81,702,583
29 Total net assets or fund balances (see instructions)..... 87,933,141 81,702,583
30 Total liabilities and net assets/fund balances (see instructions). 88,021,617 82,890,583
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
87,933,141
2
Enter amount from Part I, line 27a .....................
2
-4,168,607
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
83,764,534
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,061,951
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
81,702,583
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 GCG INVESTORS III, LP P    
b RESOLUTE ANNEX I LP P    
c RESOLUTE I LP P    
d RESOLUTE II LP P    
e RESOURCE LAND FUND IV P    
TLPIP PARTNERS 1 LLC P    
TLPIP PARTNERS 2 LLC P    
TLPIP PARTNERS 4 LLC P    
RPM VENTURES III, L.P. P    
GCG INVESTORS IV, LP P    
METHOD ONE, LLC P    
RESOLUTE III LP P    
CAPITAL GAIN DISTRIBUTION P    
OTHER ASSETS 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 43,627     43,627
b     54,667 -54,667
c     29,396 -29,396
d     92,872 -92,872
e 98,763     98,763
18     18
10     10
3     3
    50,266 -50,266
    68,089 -68,089
    24,136 -24,136
    36,346 -36,346
17,687   0 17,687
6,818,091   4,089,185 2,728,906
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       43,627
b       -54,667
c       -29,396
d       -92,872
e       98,763
      18
      10
      3
      -50,266
      -68,089
      -24,136
      -36,346
      17,687
      2,728,906
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 2,533,242
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 35,234
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 35,234
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 35,234
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 88,915
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 88,915
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 53,681
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet53,681 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? Click to see attachment....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changesClick to see attachment....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.Click to see attachment
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)
    bulletCA, IL
    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
    Yes
     
    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 ofbulletJANE BRONSON Telephone no.bullet (847) 615-9560

    Located atbullet111 LAKE STREETLibertyvilleIL ZIP+4bullet60048
    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? .................
    16Yes  
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bulletSZ
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    DAVID G BUNNING PRESIDENT DIRECTOR
    0     		0 0 0
    111 Lake Street
    Libertyville,IL60048
    DENISE A BUNNING VICE PRESIDENT DIRECTOR
    0     		0 0 0
    111 Lake Street
    Libertyville,IL60048
    Nathan Ballard SECRETARY DIR
    0     		0 0 0
    111 Lake Street
    Libertyville,IL60048
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    TLP SERVICES INVESTMENT MGMT 200,000
    1603 ORRINGTON AVENUE
    EVANSTON,IL60201
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    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
    1,445,449
    b
    Average of monthly cash balances.......................
    1b
    36,366,250
    c
    Fair market value of all other assets (see instructions)................
    1c
    117,917,348
    d
    Total (add lines 1a, b, and c).........................
    1d
    155,729,047
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    155,729,047
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,335,936
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    153,393,111
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    7,669,656
    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
    7,669,656
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    35,234
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    35,234
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    7,634,422
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    7,634,422
    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
    7,634,422
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    5,308,835
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    5,308,835
    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
    5,308,835
    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 7,634,422
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:2018, 2017, 2016 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018...... 6,420,513
    e From 2019......  
    fTotal of lines 3a through e........ 6,420,513
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 5,308,835
    a Applied to 2019, but not more than line 2a 0
    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..... 5,308,835
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 2,325,587 2,325,587
    (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 4,094,926
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		4,094,926
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 4,094,926
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    DAVID G BUNNING
    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.
    DAVID G BUNNING
    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
    Ames Education Foundation
    PO Box 1125
    Ames,IA50014     		None PC General support Grant 10,000
    APFED
    PO Box 29545
    Atlanta,GA30359     		None PC General Support Grant 10,000
    Boys & Girls Club of Door County Inc
    55 South Third Ave
    Sturgeon Bay,WI54235     		None PC General Support grant 10,000
    Cincinnati Children's Hospital Med Ctr
    3333 Burnett Avenue
    Cincinnati,OH45229     		none PC Cincinnati Center for Eosinophilis Disorders 250,000
    CURED NFP
    2937 Bayberry Drive
    Buffalo Grove,IL60089     		none PC general support grant 5,000
    Erikson Institute
    451 N LaSalle Street
    Chicago,IL60654     		none PC general support grant 6,000
    FARE
    515 Madison Avenue Suite 1912
    New York,NY10022     		none PC GENERAL SUPPORT GRANT 2,500,000
    Galena School District #120
    1206 Franklin
    Galena,IL61036     		none PC general support grant 10,000
    Glenbrook High School District 225
    1835 Landwehr Road
    Glenview,IL60026     		none PC general support grant 5,000
    Gorton Community Center
    400 East Illinois Road
    Lake Forest,IL60045     		none PC general support grant 10,000
    HELP of Door County Inc
    219 Green Bay Road
    Sturgeon Bay,WI54235     		none PC general support grant 5,000
    Help Our Military Heroes Inc
    15 Pheasant Land
    Easton,CT06612     		none PC general support grant 20,000
    Lake Forest High School Foundation
    1285 North McKinley Road
    Lake Forest,IL60045     		none PC general support grant 5,000
    National-Louis University
    1000 CAPITOL DRIVE
    WHEELING,IL60090     		none PC general support grant for National College of Education 5,000
    National Alopecia Areata Foundation
    14 Mitchell Blvd
    San Rafael,CA94903     		none PC general support grant 50,000
    National Wrestling Coaches Assoc Inc
    PO Box 254
    Manheim,PA17545     		none PC general support grant 150,000
    Northern Illinois University Foundation
    1425 W Lincoln Highway
    DeKalb,IL60115     		none PC general support grant for college of education 10,000
    Northwestern Lake Forest Hospital
    660 N Westmoreland Road
    Lake Forest,IL60045     		none PC General Support Grant 30,000
    Spirit of 67 Foundation
    300 South Waukegan Road
    Lake Forest,IL60045     		none PC General support grant 5,000
    Sturgeon Bay School District
    1230 Michigan Street
    Sturgeon Bay,WI54235     		none PC general support grant 10,000
    Trustees of Boston College
    140 Commonwealth Avenue
    Chestnut Hill,MA02467     		none PC lynch school of education & connell school of nursing: general support grants 10,000
    University of Chicago
    5235 S Harper Court 4th Floor
    Chicago,IL60615     		none PC GENERAL SUPPORT GRANT 10,000
    United Way of Door County
    PO Box 223
    Sturgeon Bay,WI54235     		none PC general support grant 5,000
    Waterloo Community School District
    1516 Washington Street
    Waterloo,IA50702     		none PC james e. bunning scholarships 10,000
    DUCKS UNLIMITED INC
    3427 VERNON AVE
    BROOKFIELD,IL60513     		NONE PC GENERAL SUPPORT GRANT 1,200,000
    LUCILE PACKARD FDN FOR CHILDRENS HEALTH
    400 HAMILTON AVENUE STE 340
    PALO ALTO,CA94301     		none PC General Support Grant 500,000
    ann & robert H lurie childrens hosp of chicago
    225 e chicago ave box 4
    chicago,IL606114455     		none PC general support grant 10,000
    BOTTOM LINE INC - CHICAGO
    65 E Wacker Pl Suite 800
    CHICAGO,IL60601     		NONE PC GENERAL SUPPORT GRANT 10,000
    Boys & Girls Club of Lake County
    1801 Sheridan Rd Suite 202
    NORTH CHICAGO,IL60064     		NONE PC GENERAL SUPPORT GRANT 50,000
    Assistance League Chicagoland West
    120 East Ogden Ave Ste 100
    Hinsdale,IL60521     		NONE PC General Support Grant 10,000
    Door County Land Trust
    PO Box 65
    Sturgeon Bay,WI54235     		NONE PC GENERAL SUPPORT GRANT 10,000
    Door County YMCA
    1900 Michigan Street
    Sturgeon Bay,WI54235     		NONE PC GENERAL SUPPORT GRANT 5,000
    Feed and Clothe My People
    PO Box 741
    Sturgeon Bay,WI54235     		NONE PC GENERAL SUPPORT GRANT 5,000
    First Presbyterian Church
    700 N Sheridan Rd
    Lake Forest,IL60045     		NONE PC GENERAL SUPPORT GRANT 25,000
    Harvard Varsity Club
    65 N Harvard St
    BOSTON,MA02163     		NONE PC GENERAL SUPPORT GRANT 10,000
    Jo Daviess Conservation Foundation
    126 N Main Street
    Elizabeth,IL610280216     		NONE PC GENERAL SUPPORT GRANT 10,000
    Lake Forest Swim Club
    555 N Sheridan Rd
    LAKE FOREST,IL60045     		NONE PC GENERAL SUPPORT GRANT 1,000
    Community Partners For Affordable Housing
    800 S Milwaukee Ave Ste 201
    Libertyville,IL60048     		NONE PC General Support Grant 1,000
    Friends of Lake Forest Parks & Recreation
    400 Hastings Rd
    Lake Forest,IL60045     		NONE PC General Support Grant 1,000
    Pheasants Forever Inc
    2918 Larkspur Lane
    Freeport,IL61032     		None PC General Support Grant 1,200
    The Josselyn Center NFP
    405 Central Ave
    Northfield,IL60093     		None PC General Support Grant 5,000
    USA Wrestling
    6155 Lehman Dr
    Colorado Springs,CO809183456     		None PC General Support Grant - Living the Dream Fund 900
    Charles Tillman Cornerstone Foundation
    736 N Western Avenue 322
    LAKE FOREST,IL60045     		NONE PC General Support Grant 1,000
    Delta Waterfowl Foundation
    1412 Basin Avenue
    BISMARCK,ND58504     		NONE PC General Support Grant 250,000
    Galena Volunteer Fire Department
    101 S Bench St
    GALENA,IL61036     		NONE PC General Support Grant 2,000
    Hands of Peace
    1000 Elm Street
    Glenview,IL60025     		NONE PC General Support Grant 1,000
    Lake County Honor Flight
    2530 S Admiral Drive
    GREAT LAKES,IL60088     		NONE PC General Support Grant 1,000
    Lincoln Park Zoological Society
    2001 North Clark Street
    CHICAGO,IL60614     		NONE PC General Support Grant 2,500
    Northeast IL Council Boy Scouts of America Inc
    850 Forest Edge Dr
    vernon hills,IL60061     		NONE PC General Support Grant 10,000
    Reading Power Inc
    736 North Western Avenue
    LAKE FOREST,IL60045     		NONE PC General Support Grant 1,000
    Ruffed Grouse Society
    451 McCormick Road
    CORAOPOLIS,PA15108     		NONE PC General Support Grant 10,000
    Songs by Heart Foundation
    1717 K Street NW
    Washington,DC20006     		NONE PC General Support Grant 1,000
    St Jude Runs
    4722 N Sheridan Rd
    PEORIA,IL61614     		NONE PC General Support Grant 1,000
    Start Early (FKA Ounce of Prevention Fund)
    33 W Monroe Suite 1200
    CHICAGO,IL60603     		NONE PC General Support Grant 10,000
    The Loomis Institute
    Batchelder Road
    WINDSOR,CT06095     		NONE PC General Support Grant 10,000
    UNIVERSITY OF CHICAGO
    5801 South Ellis Avenue
    CHICAGO,IL60637     		NONE PC GENERAL SUPPORT GRANT 1,000
    Total .................................bullet 3a 5,297,600
    bApproved for future payment
    DUCKS UNLIMITED
    955 MELLODY ROAD
    LAKE FOREST,IL60045     		NONE PC GENERAL SUPPORT GRANT 400,000
    Northwestern University
    1201 DAVIS ST
    EVANSTON,IL60201     		NONE PC Bunning Family Chair in Food Allergy Research 3,000,000
    Total .................................bullet 3b 3,400,000
    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 ...........     		         
    4 Dividends and interest from securities.... 901101   14 464,185  
    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 ............     		901101 1,807 18 2,533,242  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aGCG INVESTORS III, LP     		525990 -5,964 01 34,078  
    bRESOLUTE ANNEX I LP   0 01 -10  
    cRESOURCE LAND FUND IV 525990 -137,188 01 -22,775  
    dTLPIP PARTNERS 3 LLC 525990 0 01 -2,605  
    eTLPIP PARTNERS 4 LLC   0 01 -3,155  
    fRPM VENTURES IV, L.P.   0 01 -20,865  
    gGCG INVESTORS IV, LP 525990 -22,839 01 7,420  
    hMETHOD ONE, LLC (FKA KDWC) 525990 -21,065 01 -72  
    iNEW VENTURES III VO LLC   -49,447 01 376  
    jTHE SAFE ANDFAIR FOOD COMPANY LLC 525990 -1,113,963 01 -449  
    kTAX REFUND   370 01 5,000  
    12 Subtotal. Add columns (b), (d), and (e).. -1,348,289 2,994,370  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,646,081
    (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:
    THE SUNSHINE CHARITABLE FOUNDATION
    EIN:
    20-1919538
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 81,527 57,069   8,153

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

    TY 2020 DepreciationSchedule
    Name:
    THE SUNSHINE CHARITABLE FOUNDATION
    EIN:
    20-1919538
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2020 GeneralExplanationAttachment
    Name:
    THE SUNSHINE CHARITABLE FOUNDATION
    EIN:
    20-1919538
    Identifier Return Reference Explanation
    THE SUNSHINE CHARITABLE FOUNDATION line 1 FOR TAXABLE YEAR-ENDED June 30, 2014 Statement filed pursuant to Reg.Sec. 1.6038B-1(c) (1) NAME OF TRANSFEROR: Sunshine Charitable Foundation EIN: 20-1919538 ADDRESS: 225 E. Deerpath Road Lake Forest, IL 60045 (2) Name of Transferee: AUVEN THERAPEUTICS C.T. INV. INTERNATIONAL LP FEIN: 98-0619365 Address: 18-8 Estate Smith Bay Top Floor St. Thomas VI 00802 Country of incorporation: Virgin Islands A general description of the transfer: Total $400,000 USD transferred by Sunshine Charitable Foundation, to AUVEN THERAPEUTICS C.T. INV. INTERNATIONAL LP, a Virgin Islands corporation, in exchange for an additional investment in AUVEN THERAPEUTICS C.T. INV. INTERNATIONAL LP (3) Consideration received by the U.S. person: Interest in AUVEN THERAPEUTICS C.T. INV. INTERNATIONAL LP (4) Cash of $400,000 (i) Active business property: n/a (ii) Stock or securities: (a) Active trade or business stock: n/a (b) Application of special rules: n/a (iii) Depreciated property: n/a (iv) Property to be leased: n/a (v) Property to be sold: n/a (vi) Transfers to FSCs: n/a (vii) Tainted property: n/a (viii) Foreign loss branch: n/a (ix) Other intangibles: n/a (5) Transfer of foreign branch with previously deducted losses: (i) Branch operation: n/a (ii) Branch property: n/a (iii) Previously deducted losses: n/a (6) Application of Section 367(A)(5): N/A

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE SUNSHINE CHARITABLE FOUNDATION
    EIN:
    20-1919538
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    TLP SUNSHINE LTD. FMV 18,175,800 4,022,013
    RESOURCE LAND FUND FMV 551,154 1,443,497
    AUVEN FUND FMV 0 14,255,138
    RESOLUTE I LP FMV 0 2,574,412
    BRAUVIN FMV 790,757 1,011,316
    KDWC FMV 816,393 721,811
    RESOLUTE II LP FMV 320,492 1,659,265
    RESOLUTE ANNEX FMV 0 773,815
    GCG INVESTORS III FMV 0 520,226
    BEFORE BRANDS FMV 277,051 909,965
    CARD.COM FMV 147,862 89,305
    FOODA FMV 174,615 294,554
    RMD SUPERNOVA FMV 0 24,527
    RPM VENTURES III FMV 777,793 5,198,018
    SPOKIN FMV 701,154 700,000
    ADC THERAPEUTICS FMV 0 0
    ABREOS FMV 267,514 1,859,589
    BRILLIANT PET 2 FMV 93,393 75,000
    C2 SENSE FMV 554,440 608,873
    CLOSTRABIO FMV 1,046,854 1,044,427
    GCG INVESTORS IV FMV 941,716 1,201,344
    HCAC III FMV 0 0
    NJOY HOLDINGS, INC. FMV 1,625,060 41,577,600
    IMVAX FMV 3,727,530 4,805,072
    PANGEA FMV 0 0
    RESOLUTE III LP FMV 1,053,427 2,687,434
    TLPIP PARTNERS I FMV 1,561,563 2,722,371
    BGW VENTURES FMV 202,146 1,904,948
    CONSORTIA TX FMV 619,019 634,652
    NEW VENTURES III VO FMV 1,224,628 1,742,322
    SAFESITE FMV 139,500 193,078
    SIDX FMV 255,468 250,000
    TRIPLE ENDOSCOPY FMV 374,473 266,611
    TLPIP PARTNERS 2 FMV 836,281 1,044,671
    ALLADAPT FMV 1,219,938 1,380,295
    BGW VENTURES II FMV 199,820 1,538,864
    GT MEDICAL FMV 105,218 129,299
    HCAC IV FMV 318,935 1,097,406
    SAFE + FAIR FMV 1,943,831 3,563,635
    TLPIP PARTNERS 3 FMV 2,874,144 2,905,728
    TLPIP PARTNERS 4 FMV 0 0
    RPM VENTURES IV FMV 244,149 249,883
    BGW VENTURES I-B FMV 400,496 400,000
    BGW VENTURES III FMV 1,000,282 1,000,000
    EVOENDO SERIES SEED FMV 3,756,032 3,738,611
    ALLERFUND I FMV 257,583 232,744
    BRAWN CAPITAL FMV 1,007,266 971,497
    GIV CZV FMV 250,324 250,000
    DIVERGENT FMV 906,675 900,000
    HCAC V FMV 358,123 361,880
    HCVI FMV 255 0
    LAKEWOOD-AMEDEX FMV 1,500,774 1,500,000
    NIA THERAPEUTICS INC FMV 501,368 500,000
    PANGOLIN LLC FMV 1,019,615 1,000,000
    V6 MIRADOR LLC FMV 563,720 532,456
    SSPK PIPE FMV 600,000 600,000

    TY 2020 LegalFeesSchedule
    Name:
    THE SUNSHINE CHARITABLE FOUNDATION
    EIN:
    20-1919538
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SIDLEY AUSTIN LLP 3,420 1,700   1,720


    TY 2020 OtherDecreasesSchedule
    Name:
    THE SUNSHINE CHARITABLE FOUNDATION
    EIN:
    20-1919538
    Description Amount
    COST BASIS ADJUSTMENT OF TLP SUNSHINE 2,028,348
    SERVICE FEE IN EXCESS OF PAYMENT 32,497
    CHANGE IN LIABILITIES 1,106


    TY 2020 OtherExpensesSchedule
    Name:
    THE SUNSHINE CHARITABLE FOUNDATION
    EIN:
    20-1919538
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CUSTODY FEES 15,296 15,296 0  
    POSTAGE & SHIPPING 40 40    
    SHORT SALE BORROWING FEES 15,271 15,271    
    STATE REGISTRATION FEES 84 16   68
    SUBSCRIPTIONS 750     750
    TAX PENALTIES & FEES 185 185    
    STATE FILING FEES 25     25
    GCG INVESTORS III, LP 9,508 9,398   110
    RESOLUTE ANNEX I LP 6,221 6,221    
    RESOLUTE I LP 16,291 16,291    
    RESOLUTE II LP 19,362 19,362    
    RESOURCE LAND FUND IV 2,539 2,534   5
    TLPIP PARTNERS 1 LLC 1,472 1,472    
    TLPIP PARTNERS 2 LLC 273 273    
    TLPIP PARTNERS 3 LLC 157 157    
    TLPIP PARTNERS 4 LLC 999 999    
    RPM VENTURES III, L.P. 19,868 19,868    
    GCG INVESTORS IV, LP 39,457 33,326   113
    METHOD ONE, LLC 19,279 19,279    
    RESOLUTE III LP 40,994 40,994    
    BGW VENTURES I LP 156 156    
    BGW VENTURES II LP 120 120    
    NEW VENTURES III VO LLC 20,446 20,446    
    THE SAFE & FAIR FOOD COMPANY 291     291


    TY 2020 OtherIncomeSchedule2
    Name:
    THE SUNSHINE CHARITABLE FOUNDATION
    EIN:
    20-1919538
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    GCG INVESTORS III, LP 28,114 33,690  
    Resolute Annex I LP -10 0  
    Resource Land Fund IV -159,963 -19,464  
    TLPIP Partners 3 LLC -2,605 0  
    TLPIP Partners 4 LLC -3,155 0  
    RPM Ventures IV, L.P. -20,865 0  
    GCG Investors IV, LP -15,419 6,528  
    METHOD ONE -21,137 0  
    New Ventures III VO LLC -49,071 0  
    The Safe andFair Food Company LLC -1,114,412 0  
    TAX REFUNDS 5,370 0  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE SUNSHINE CHARITABLE FOUNDATION
    EIN:
    20-1919538
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 200,000 200,000    


    TY 2020 TaxesSchedule
    Name:
    THE SUNSHINE CHARITABLE FOUNDATION
    EIN:
    20-1919538
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMPTROLLER OF MARYLAND 50      
    ARIZONA DEPARTMENT OF REVENUE 50      
    IDAHO STATE TAX COMMISSION 30      
    NM TAXATION AND REVENUE DEPT 50