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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
TWO EAGLES FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)CO MIKE ORLOWSKI 1917 ROBINSON RD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TOMAHAWK, WI54487
A Employer identification number

83-0399899
B Telephone number (see instructions)

(715) 966-5694
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$217,006,255J 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) 119,287,717
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,268 2,268  
4 Dividends and interest from securities... 1,828,293 1,807,844  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,108,444
b Gross sales price for all assets on line 6a 30,765,315
7 Capital gain net income (from Part IV, line 2)... 5,108,444
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 32,436 32,260  
12 Total. Add lines 1 through 11........ 126,259,158 6,950,816  
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)......... Click to see attachment 125 0   125
b Accounting fees (attach schedule)....... Click to see attachment 12,983 5,446   7,537
c Other professional fees (attach schedule).... Click to see attachment 623,175 563,175   60,000
17 Interest............... 835 835   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 81,808 11,808   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 9,293 0   9,293
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 31,442 28,236   3,206
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 759,661 609,500   80,161
25 Contributions, gifts, grants paid....... 6,000,180 6,000,180
26 Total expenses and disbursements. Add lines 24 and 25 6,759,841 609,500   6,080,341
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 119,499,317
b Net investment income (if negative, enter -0-) 6,341,316
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,795,159 10,428,876 10,428,876
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) 1,545,169 Click to see attachment14,330,803 14,295,496
b Investments—corporate stock (attach schedule)....... 37,976,871 Click to see attachment108,705,637 154,119,905
c Investments—corporate bonds (attach schedule)....... 6,592,148 Click to see attachment5,363,302 5,611,593
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 14,507,875 Click to see attachment30,005,442 32,550,385
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) 63,417,222 168,834,060 217,006,255
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 63,417,222 168,834,060
29 Total net assets or fund balances (see instructions)..... 63,417,222 168,834,060
30 Total liabilities and net assets/fund balances (see instructions). 63,417,222 168,834,060
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
63,417,222
2
Enter amount from Part I, line 27a .....................
2
119,499,317
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
182,916,539
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
14,082,479
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
168,834,060
Form 990-PF (2021)
Form 990-PF (2021)
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 CSB #1172 - PUBLICLY TRADED SECURITIES      
b CSB #1172 - SECURITY DEEMED WORTHLESS      
c MSSB #012141 - PUBLICLY TRADED SECURITIES      
d MSSB #012700 - PUBLICLY TRADED SECURITIES      
e MSSB #012700 - SECURITIES LITIGATION      
MSSB #028917 - PUBLICLY TRADED SECURITIES      
MSSB #037859 - CYPRESS CREEK LP      
MSSB #037859 - SECURITIES LITIGATION      
WELLS FARGO - ENERGY CAPITAL PARTNERS III-A LP      
WELLS FARGO - SECURITIES LITIGATION      
ORBIMED ISRAEL II LP      
PORTFOLIO ADVISORS SECONDARY FUND II      
CYPRESS CREEK PRIVATE STRATEGIES FUND LP      
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 14,937,167   12,721,301 2,215,866
b     8,456 -8,456
c 5,632,074   4,415,143 1,216,931
d 1,821,986   1,122,274 699,712
e 117     117
7,497,807   6,852,212 645,595
364,187   410,688 -46,501
44     44
175,960   162,126 13,834
24     24
      -1,849
      7,319
      29,859
335,949     335,949
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       2,215,866
b       -8,456
c       1,216,931
d       699,712
e       117
      645,595
      -46,501
      44
      13,834
      24
      -1,849
      7,319
      29,859
      335,949
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 5,108,444
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 88,144
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 88,144
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 65,642
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 35,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 100,642
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 12,498
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet12,498 RefundedBullet 11 0
Part VI-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 changesClick to see attachment....
3
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 ofbulletTHE ORGANIZATION Telephone no.bullet (715) 966-5694

    Located atbullet1917 ROBINSON ROADTOMAHAWKWI ZIP+4bullet54487
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    MICHAEL W ORLOWSKI PRESIDENT/DIRECTOR
    1.00     		0 0 212
    1917 ROBINSON ROAD
    TOMAHAWK,WI54487
    DORIS A ORLOWSKI SECRETARY/DIRECTOR
    1.00     		0 0 0
    1917 ROBINSON ROAD
    TOMAHAWK,WI54487
    MICHAEL NAVARRO TREASURER/DIRECTOR
    1.00     		0 0 1,188
    10966 LONGWING DRIVE
    FORT MYERS,FL33912
    FR JOHN C ANDERSON BOARD MEMBER
    1.00     		0 0 2,471
    IMMACULATE CONCEPTION/ST PATRICK
    151 S WASHINGTON AVE
    NEW RICHMOND,WI54017
    BRUCE ESSEN BOARD MEMBER
    1.00     		0 0 926
    2449 FIRST STREET
    FORT MYERS,FL33902
    SCOTT SWENTY BOARD MEMBER
    1.00     		0 0 948
    1931 SUNSET DRIVE
    TOMAHAWK,WI54487
    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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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
    CHARLOTTE STATE BANK PORTFOLIO MANAGEMENT 286,817
    1100 TAMIAMI TRAIL
    PORT CHARLOTTE,FL33953
    MORGAN STANLEY SMITH BARNEY PORTFOLIO MANAGEMENT 272,557
    4300 EAST 53RD STREET SUITE 300
    DAVENPORT,IA52807
    MARSHA FERRELL HUMAN RELATIONS DIRECTOR 60,000
    2872 CANTERBURY ROAD
    WESTLAKE,OH44145
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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 VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    99,863,678
    b
    Average of monthly cash balances.......................
    1b
    3,276,741
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    103,140,419
    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
    103,140,419
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,547,106
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    101,593,313
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    5,079,666
    Part X
    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 IX, line 6..................
    1
    5,079,666
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    88,144
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    88,144
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,991,522
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,991,522
    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 XII, line 1 ...
    7
    4,991,522
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 4,991,522
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 1,056,669
    b From 2017...... 1,029,086
    c From 2018...... 2,029,918
    d From 2019...... 2,541,395
    e From 2020...... 1,165,509
    f Total of lines 3a through e ........ 7,822,577
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 6,080,341
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 4,991,522
    e Remaining amount distributed out of corpus 1,088,819
    5 Excess distributions carryover applied to 2021. 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 8,911,396
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		1,056,669
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		7,854,727
    10 Analysis of line 9:
    a Excess from 2017.... 1,029,086
    b Excess from 2018.... 2,029,918
    c Excess from 2019.... 2,541,395
    d Excess from 2020.... 1,165,509
    e Excess from 2021.... 1,088,819
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    ALL SAINTS CATHOLIC SCHOOL
    4400 - 22ND AVE
    KENOSHA,WI53140     		NONE PC TUITION ASSISTANCE 19,000
    ALL SAINTS CATHOLIC SCHOOL
    500 N SECOND AVE
    ALPENA,MI49707     		NONE PC TUITION ASSISTANCE 48,000
    ALL SAINTS CATHOLIC SCHOOL
    1926 N MARQUETTE ST
    DAVENPORT,IA52804     		NONE PC TUITION ASSISTANCE 19,000
    ALL SAINTS OF ST JOHN VIANNEY SCHOOL
    28702 EUCLID AVE
    WICKLIFFE,OH44092     		NONE PC TUITION ASSISTANCE 28,000
    ANNUNCIATION SCHOOL
    525 W 54TH ST
    MINNEAPOLIS,MN55419     		NONE PC TUITION ASSISTANCE 19,000
    AQUINAS MIDDLE SCHOOL (AQUINAS)
    315 11TH ST S
    LA CROSSE,WI54601     		NONE PC TUITION ASSISTANCE 15,000
    ASSUMPTION CATHOLIC SCHOOL
    901 WEST PROSPECT ST
    DURAND,WI54736     		NONE PC TUITION ASSISTANCE 19,000
    ASSUMPTION MIDDLE SCHOOL
    440 MEAD ST
    WISCONSIN RAPIDS,WI54494     		NONE PC TUITION ASSISTANCE 28,000
    AVE MARIA ACADEMY
    7000 JEWEL LANE N
    MAPLE GROVE,MN55311     		NONE PC TUITION ASSISTANCE 19,000
    BALDWIN CHRISTIAN SCHOOL
    896 US HWY 63
    BALDWIN,WI54002     		NONE PC TUITION ASSISTANCE 10,000
    BETHANY LUTHERAN SCHOOL
    6041 RIDGE RD
    PARMA,OH44129     		NONE PC TUITION ASSISTANCE 28,000
    BETHLEHEM LUTHERAN SCHOOL
    1240 SOUTH MAPLE AVE
    FAIRBORN,OH45324     		NONE PC TUITION ASSISTANCE 24,000
    BISHOP BARAGA CATHOLIC SCHOOL
    406 W B ST
    IRON MOUNTAIN,MI49801     		NONE PC TUITION ASSISTANCE 24,000
    BISHOP BARAGA CATHOLIC SCHOOL
    623 W LINCOLN AVE
    CHEBOYGAN,MI49721     		NONE PC TUITION ASSISTANCE 45,000
    BLESSED SACRAMENT GRADE SCHOOL
    2404 KING ST
    LA CROSSE,WI54601     		NONE PC TUITION ASSISTANCE 18,000
    BLESSED TRINITY CATHOLIC SCHOOL
    6720 NICOLLET AVE S
    RICHFIELD,MN55423     		NONE PC TUITION ASSISTANCE 28,000
    CATHEDRAL ELEMENTARY SCHOOL
    1319 FERRY ST
    LA CROSSE,WI54601     		NONE PC TUITION ASSISTANCE 14,000
    CATHEDRAL SCHOOL
    1419 BAXTER AVE
    SUPERIOR,WI54880     		NONE PC TUITION ASSISTANCE 30,000
    COLUMBUS CATHOLIC MIDDLE SCHOOL
    710 SOUTH COLUMBUS AVE
    MARSHFIELD,WI54449     		NONE PC TUITION ASSISTANCE 15,000
    COMMUNION OF SAINTS SCHOOL
    2160 STILLMAN RD
    CLEVELAND HTS,OH44118     		NONE PC TUITION ASSISTANCE 16,000
    COMMUNITY OF SAINTS REGIONAL CATHOLIC SCHOOL
    335 HURLEY ST EAST
    WEST ST PAUL,MN55118     		NONE PC TUITION ASSISTANCE 28,000
    CORNERSTONE SCHOOLS OF ALABAMA
    118 55TH ST NORTH
    BIRMINGHAM,AL35212     		NONE PC TUITION ASSISTANCE 24,000
    DIVINE MERCY CATHOLIC SCHOOL
    15 THIRD AVE SW
    FARIBAULT,MN55021     		NONE PC TUITION ASSISTANCE 28,000
    EAST MOLINE CHRISTIAN SCHOOL
    900 46TH AVE
    EAST MOLINE,IL61244     		NONE PC TUITION ASSISTANCE 8,000
    EPIPHANY CATHEDRAL CATHOLIC SCHOOL
    316 SARASOTA ST
    VENICE,FL34285     		NONE PC TUITION ASSISTANCE 48,000
    FR MARQUETTE CATHOLIC ACADEMY
    500 S 4TH STREET
    MARQUETTE,MI49855     		NONE PC TUITION ASSISTANCE 28,000
    GOOD SHEPHERD CATHOLIC SCHOOL
    620 ELIZABETH ST
    DENVER,CO80206     		NONE PC TUITION ASSISTANCE 24,000
    GOOD SHEPHERD SCHOOL
    145 JERSEY AVE S
    GOLDEN VALLEY,MN55426     		NONE PC TUITION ASSISTANCE 19,000
    GRAND TRAVERSE AREA CATHOLIC SCHOOLS
    123 E 11TH ST
    TRAVERSE CITY,MI49684     		NONE PC TUITION ASSISTANCE 48,000
    HOLY CROSS CATHOLIC SCHOOL
    6100 37TH ST W
    WEBSTER,MN55088     		NONE PC TUITION ASSISTANCE 28,000
    HOLY FAMILY ACADEMY
    5925 WEST LAKE ST
    ST LOUIS PARK,MN55416     		NONE PC TUITION ASSISTANCE 24,000
    HOLY FAMILY CATHOLIC SCHOOL
    532 MCKINLEY ST
    ARCADIA,WI54612     		NONE PC TUITION ASSISTANCE 30,000
    HOLY FAMILY CATHOLIC SCHOOL
    7367 YORK RD
    PARMA,OH44130     		NONE PC TUITION ASSISTANCE 15,000
    HOLY FAMILY CATHOLIC SCHOOL
    1265 EAST 9TH ST
    DES MOINES,IA50316     		NONE PC TUITION ASSISTANCE 28,000
    HOLY FAMILY SCHOOL
    411 WILKINSON ST
    EAST TAWAS,MI48730     		NONE PC TUITION ASSISTANCE 28,000
    HOLY GHOST ELEMENTARY SCHOOL
    436 SOUTH MAIN ST
    CHIPPEWA FALLS,WI54729     		NONE PC TUITION ASSISTANCE 15,000
    HOLY NAME CATHOLIC SCHOOL
    409 S 22ND ST
    ESCANABA,MI49829     		NONE PC TUITION ASSISTANCE 28,000
    HOLY REDEEMER SCHOOL
    341 E LOCKWOOD AVE
    WEBSTER GROVES,MO63119     		NONE PC TUITION ASSISTANCE 38,000
    HOLY ROSARY SCHOOL
    215 S WASHINGTON AVE
    MEDFORD,WI54451     		NONE PC TUITION ASSISTANCE 28,000
    HOLY SPIRIT CATHOLIC SCHOOL
    515 ALBERT STREET S
    ST PAUL,MN55116     		NONE PC TUITION ASSISTANCE 19,000
    HOLY SPIRIT CENTRAL CATHOLIC SCHOOL
    201 SAGINAW ST
    NORWAY,MI49870     		NONE PC TUITION ASSISTANCE 19,000
    HOLY TRINITY CATHOLIC SCHOOL
    745 6TH AVE S
    SOUTH ST PAUL,MN55075     		NONE PC TUITION ASSISTANCE 24,000
    IMMACULATE CONCEPTION ELEMENTARY SCHOOL
    1703 SHERWIN AVE
    EAU CLAIRE,WI54701     		NONE PC TUITION ASSISTANCE 15,000
    IMMACULATE CONCEPTION SCHOOL
    4030 JACKSON ST NE
    COLUMBIA HTS,MN55421     		NONE PC TUITION ASSISTANCE 28,000
    IMMACULATE HEART OF MARY CATHOLIC SCHOOL
    4913 SCHOFIELD ST
    MONONA,WI53716     		NONE PC TUITION ASSISTANCE 30,000
    INCARNATION CATHOLIC SCHOOL
    2911 BEE RIDGE RD
    SARASOTA,FL34239     		NONE PC TUITION ASSISTANCE 33,000
    JORDAN CATHOLIC SCHOOL
    2901 24TH ST
    ROCK ISLAND,IL61201     		NONE PC TUITION ASSISTANCE 48,000
    LAKEWOOD CATHOLIC ACADEMY
    14808 LAKE AVE
    LAKEWOOD,OH44107     		NONE PC TUITION ASSISTANCE 19,000
    LAKEWOOD LUTHERAN SCHOOL
    14560 MADISON AVE
    LAKEWOOD,OH44107     		NONE PC TUITION ASSISTANCE 19,000
    LOURDES CATHOLIC SCHOOL
    1453 MISSISSIPPI BLVD
    BETTENDORF,IA52722     		NONE PC TUITION ASSISTANCE 22,680
    LOYOLA CATHOLIC SCHOOL
    145 GOOD COUNSEL DR
    MANKATO,MN56001     		NONE PC TUITION ASSISTANCE 48,000
    MANISTEE CATHOLIC CENTRAL SCHOOL
    1200 US HWY 31 SOUTH
    MANISTEE,MI49660     		NONE PC TUITION ASSISTANCE 48,000
    MARY QUEEN OF PEACE SCHOOL
    21304 CHURCH AVE
    ROGERS,MN55374     		NONE PC TUITION ASSISTANCE 19,000
    MATER DEI ACADEMY
    29840 EUCLID AVE
    WICKLIFFE,OH44092     		NONE PC TUITION ASSISTANCE 10,000
    MATERNITY OF MARYST ANDREW SCHOOL
    592 ARLINGTON AVE W
    ST PAUL,MN55117     		NONE PC TUITION ASSISTANCE 19,000
    MOST HOLY REDEEMER SCHOOL
    205 VINE AVE W
    MONTGOMERY,MN56069     		NONE PC TUITION ASSISTANCE 19,000
    MOST SACRED HEART SCHOOL
    350 EAST 4TH ST
    EUREKA,MO63025     		NONE PC TUITION ASSISTANCE 28,000
    MOUNT ROYAL ACADEMY
    26 SEVEN HEARTHS LANE/PO BOX 362
    SUNAPEE,NH03782     		NONE PC TUITION ASSISTANCE 48,000
    NATIVITY OF MARY CATHOLIC SCHOOL
    9901 E BLOOMINGTON FWY
    BLOOMINGTON,MN55420     		NONE PC TUITION ASSISTANCE 19,000
    NATIVITY OF OUR LORD CATHOLIC SCHOOL
    110 CONRO STREET
    RHINELANDER,WI54501     		NONE PC TUITION ASSISTANCE 48,000
    NEWMAN CATHOLIC MIDDLE SCHOOL
    1130 W BRIDGE ST
    WAUSAU,WI54401     		NONE PC TUITION ASSISTANCE 28,000
    NORTHPOINTE CHRISTIAN SCHOOL
    3101 LEONARD ST NE
    GRAND RAPIDS,MI49525     		NONE PC TUITION ASSISTANCE 33,000
    NOTRE DAME ACADEMY
    13505 EXCELSIOR BLVD
    MINNETONKA,MN55345     		NONE PC TUITION ASSISTANCE 19,000
    NOTRE DAME MIDDLE SCHOOL
    1316 BEL AIR BLVD
    CHIPPEWA FALLS,WI54729     		NONE PC TUITION ASSISTANCE 19,000
    OUR LADY OF GRACE CATHOLIC ACADEMY
    603 18TH AVE
    EAST MOLINE,IL61244     		NONE PC TUITION ASSISTANCE 24,000
    OUR LADY OF PEACE INTERMEDIATE SCHOOL
    1300 WEST 5TH ST
    MARSHFIELD,WI54449     		NONE PC TUITION ASSISTANCE 19,000
    OUR LADY OF PERPETUAL HELP CATHOLIC SCHOOL
    505 SOUTH MOORE RD
    CHATTANOOGA,TN37412     		NONE PC TUITION ASSISTANCE 28,000
    OUR LADY OF SORROWS SCHOOL
    105 E WASHINGTON AVE
    LADYSMITH,WI54848     		NONE PC TUITION ASSISTANCE 38,000
    OUR LADY OF THE ASSUMPTION CATHOLIC SCHOOL
    2222 SHOPIERE RD
    BELOIT,WI53511     		NONE PC TUITION ASSISTANCE 19,000
    OUR LADY OF THE LAKE CATHOLIC SCHOOL
    215 LAKE SHORE DR E
    ASHLAND,WI54806     		NONE PC TUITION ASSISTANCE 20,000
    OUR LADY OF THE LAKE REGIONAL CATHOLIC SCHOOL
    1039 W HOUGHTON LAKE DR
    PRUDENVILLE,MI48651     		NONE PC TUITION ASSISTANCE 43,000
    OUR LADY OF THE LAKE SCHOOL
    175 E 200TH ST
    EUCLID,OH44119     		NONE PC TUITION ASSISTANCE 12,000
    OUR LADY OF THE PRAIRIE SCHOOL
    200 E CHURCH ST
    BELLE PLAINE,MN56011     		NONE PC TUITION ASSISTANCE 15,000
    OUR LADY QUEEN OF HEAVEN SCHOOL
    750 10TH AVE S
    WISCONSIN RAPIDS,WI54495     		NONE PC TUITION ASSISTANCE 19,000
    OUR MOTHER OF PEACE ELEMENTARY SCHOOL
    218 N ROGERS ST
    CHURCH POINT,LA70525     		NONE PC TUITION ASSISTANCE 10,000
    PACELLI CATHOLIC MIDDLE SCHOOL
    708 FIRST ST
    STEVENS POINT,WI54481     		NONE PC TUITION ASSISTANCE 19,000
    PRAIRIE CATHOLIC SCHOOL
    515 NORTH BEAUMONT RD
    PRAIRIE DU CHIEN,WI53821     		NONE PC TUITION ASSISTANCE 33,000
    PRESENTATION OF MARY SCHOOL
    1695 KENNARD ST
    MAPLEWOOD,MN55109     		NONE PC TUITION ASSISTANCE 19,000
    QUEEN OF THE APOSTLES CATHOLIC SCHOOL
    315 W MONROE ST
    TOMAH,WI54660     		NONE PC TUITION ASSISTANCE 20,000
    REDEEMER CHRISTIAN SCHOOL
    2141 5TH ST
    CUYAHOGA FALLS,OH44221     		NONE PC TUITION ASSISTANCE 28,000
    REGIS MIDDLE SCHOOL
    2100 FENWICK AVE
    EAU CLAIRE,WI54701     		NONE PC TUITION ASSISTANCE 18,000
    RISEN CHRIST CATHOLIC SCHOOL
    1120 E 37TH ST
    MINNEAPOLIS,MN55417     		NONE PC TUITION ASSISTANCE 19,000
    RISEN CHRIST LUTHERAN SCHOOL
    41 E POSSUM RD
    SPRINGFIELD,OH45502     		NONE PC TUITION ASSISTANCE 19,000
    ROYAL REDEEMER LUTHERAN SCHOOL
    11680 ROYALTON RD
    NORTH ROYALTON,OH44133     		NONE PC TUITION ASSISTANCE 28,000
    SACRED HEART CATHEDRAL SCHOOL
    711 S NORTHSHORE DR SW
    KNOXVILLE,TN37919     		NONE PC TUITION ASSISTANCE 24,000
    SACRED HEART CATHOLIC SCHOOL
    545 NORTH OAK ST
    REEDSBURG,WI53959     		NONE PC TUITION ASSISTANCE 15,000
    SACRED HEART OF JESUS CATHOLIC SCHOOL
    16 MORTON RD
    ANNISTON,AL36205     		NONE PC TUITION ASSISTANCE 45,000
    SACRED HEART SCHOOL
    433 BARAGA AVE
    LANSE,MI49946     		NONE PC TUITION ASSISTANCE 24,000
    SACRED HEART SCHOOL
    15 HUNTERS AVE
    TAFTVILLE,CT06380     		NONE PC TUITION ASSISTANCE 48,000
    SACRED HEART SCHOOL
    7379 CHURCH ST
    CUSTER,WI54423     		NONE PC TUITION ASSISTANCE 15,000
    SACRED HEART SCHOOL
    710 KENYON ST
    CASHTON,WI54619     		NONE PC TUITION ASSISTANCE 24,000
    SACRED HEART SCHOOL
    4050 HUBBARD AVE N
    ROBBINSDALE,MN55422     		NONE PC TUITION ASSISTANCE 10,000
    SAINTS PETER AND PAUL CATHOLIC SCHOOL
    36100 OSSEO RD PO BOX 430
    INDEPENDENCE,WI54747     		NONE PC TUITION ASSISTANCE 19,000
    SETON CATHOLIC SCHOOL
    117 EAST 4TH ST
    OTTUMWA,IA52501     		NONE PC TUITION ASSISTANCE 19,000
    SETON CATHOLIC SCHOOL
    1320 16TH AVE
    MOLINE,IL61265     		NONE PC TUITION ASSISTANCE 48,000
    SS ROBERT AND WILLIAM CATHOLIC SCHOOL
    351 E 260TH ST
    EUCLID,OH44132     		NONE PC TUITION ASSISTANCE 15,000
    ST ADALBERT SCHOOL
    3314 ST ADALBERT RD
    ROSHOLT,WI54473     		NONE PC TUITION ASSISTANCE 12,000
    ST AGNES CATHOLIC SCHOOL
    40 ST AGNES DRPO BOX 124
    BLOOMSDALE,MO63627     		NONE PC TUITION ASSISTANCE 15,000
    ST ALOYSIUS GONZAGA CATHOLIC SCHOOL
    608 OAK ST
    SAUK CITY,WI53583     		NONE PC TUITION ASSISTANCE 19,000
    ST ALPHONSUS CATHOLIC SCHOOL
    7031 HALIFAX AVE N
    BROOKLYN CENTER,MN55429     		NONE PC TUITION ASSISTANCE 24,000
    ST ALPHONSUS CATHOLIC SCHOOL
    209 TENTH AVE
    LANGDON,ND58249     		NONE PC TUITION ASSISTANCE 33,000
    ST ALPHONSUS SCHOOL
    6000 W LOOMIS RD
    GREENDALE,WI53129     		NONE PC TUITION ASSISTANCE 19,000
    ST ANDREW CATHOLIC SCHOOL
    1509 SE 27TH ST
    CAPE CORAL,FL33904     		NONE PC TUITION ASSISTANCE 38,000
    ST ANGELA MERICI SCHOOL
    20970 LORAIN RD
    FAIRVIEW PARK,OH44126     		NONE PC TUITION ASSISTANCE 28,000
    ST ANN SCHOOL
    542 8TH AVE S
    NAPLES,FL34102     		NONE PC TUITION ASSISTANCE 48,000
    ST ANN SCHOOL
    800 W 13TH ST
    CADILLAC,MI49601     		NONE PC TUITION ASSISTANCE 35,000
    ST ANNE CATHOLIC SCHOOL
    140 CHURCH HILL RD
    SOMERSET,WI54025     		NONE PC TUITION ASSISTANCE 28,000
    ST ANNE SCHOOL
    604 N 6TH AVE
    WAUSAU,WI54401     		NONE PC TUITION ASSISTANCE 32,000
    ST ANNE'S SCHOOL
    511 N 4TH ST
    LESUEUR,MN56058     		NONE PC TUITION ASSISTANCE 19,000
    ST ANSELM SCHOOL
    13013 CHILLICOTHE RD
    CHESTERLAND,OH44026     		NONE PC TUITION ASSISTANCE 28,000
    ST ANTHONY DE PADUA CATHOLIC SCHOOL
    309 MUELLER STPO BOX 1
    ATHENS,WI54911     		NONE PC TUITION ASSISTANCE 24,000
    ST ANTHONY OF PADUA SCHOOL
    1339 EAST ERIE AVE
    LORAIN,OH44052     		NONE PC TUITION ASSISTANCE 15,000
    ST ANTHONY OF PADUA SCHOOL
    6800 STATE RD
    PARMA,OH44134     		NONE PC TUITION ASSISTANCE 24,000
    ST ANTHONY SCHOOL
    208 WEST SPRING ST
    LOYAL,WI54446     		NONE PC TUITION ASSISTANCE 15,000
    ST AUGUSTINE SCHOOL
    195 SEVENTH ST NW
    BARBERTON,OH44203     		NONE PC TUITION ASSISTANCE 19,000
    ST BENEDICT CATHOLIC SCHOOL
    13633 ROCKSIDE RD
    GARFIELD HTS,OH44125     		NONE PC TUITION ASSISTANCE 19,000
    ST BONIFACE CATHOLIC SCHOOL
    S 2022 COUNTY RD U
    WAUMANDEE,WI54622     		NONE PC TUITION ASSISTANCE 10,000
    ST BRIDGET PARISH SCHOOL
    135 E DIVISION ST
    RIVER FALLS,WI54022     		NONE PC TUITION ASSISTANCE 32,000
    ST BRONISLAVA SCHOOL
    3301 WILLOW DR
    PLOVER,WI54467     		NONE PC TUITION ASSISTANCE 10,000
    ST CATHERINE CATHOLIC SCHOOL
    747 S FRANKLIN ST
    SEBRING,FL33870     		NONE PC TUITION ASSISTANCE 33,000
    ST CHARLES BORROMEO CATHOLIC SCHOOL
    21505 AUGUSTA AVE
    PT CHARLOTTE,FL33952     		NONE PC TUITION ASSISTANCE 48,000
    ST CHARLES BORROMEO PARISH SCHOOL
    7107 WILBER AVE
    PARMA,OH44129     		NONE PC TUITION ASSISTANCE 19,000
    ST CHARLES BORROMEO PRIMARY SCHOOL
    429 W SPRUCE ST
    CHIPPEWA FALLS,WI54729     		NONE PC TUITION ASSISTANCE 19,000
    ST CHARLES BORROMEO SCHOOL
    2727 STINSON BLVD NE
    ST ANTHONY,MN55418     		NONE PC TUITION ASSISTANCE 15,000
    ST CHARLES BORROMEO SCHOOL
    707 EAGLE STPO BOX 130
    GENOA,WI54632     		NONE PC TUITION ASSISTANCE 12,000
    ST CHRISTOPHER SCHOOL
    1610 LAKEVIEW AVE
    ROCKY RIVER,OH44116     		NONE PC TUITION ASSISTANCE 33,000
    ST DENNIS CATHOLIC SCHOOL
    409 DEMPSEY RD
    MADISON,WI53714     		NONE PC TUITION ASSISTANCE 19,000
    ST DOMINIC CATHOLIC SCHOOL
    1474 EAST CENTER ST
    KINGSPORT,TN37664     		NONE PC TUITION ASSISTANCE 24,000
    ST DOMINIC SCHOOL
    216 SPRING ST N
    NORTHFIELD,MN55057     		NONE PC TUITION ASSISTANCE 28,000
    ST ELIZABETH SETON CATHOLIC SCHOOL
    2730 53RD TERRACE SW
    NAPLES,FL34116     		NONE PC TUITION ASSISTANCE 48,000
    ST FRANCIS DE SALES CATHOLIC SCHOOL
    300 OAK ST
    SPOONER,WI54801     		NONE PC TUITION ASSISTANCE 28,000
    ST FRANCIS DE SALES PARISH SCHOOL
    4009 MANCHESTER RD
    AKRON,OH44319     		NONE PC TUITION ASSISTANCE 38,000
    ST FRANCIS DE SALES SCHOOL
    210 LAKE ST
    MANISTIQUE,MI49854     		NONE PC TUITION ASSISTANCE 29,000
    ST FRANCIS DE SALES SCHOOL
    622 S OAKWOOD AVE
    BECKLEY,WV25801     		NONE PC TUITION ASSISTANCE 25,000
    ST FRANCIS OF ASSISI PARISH SCHOOL
    244 W WOODWORTH STPO BOX 250
    ELLSWORTH,WI54011     		NONE PC TUITION ASSISTANCE 15,000
    ST FRANCIS XAVIER CATHOLIC SCHOOL
    2939 THINNES ST
    CROSS PLAINS,WI53528     		NONE PC TUITION ASSISTANCE 28,000
    ST FRANCIS XAVIER CATHOLIC SCHOOL
    2055 HEITMAN ST
    FT MYERS,FL33901     		NONE PC TUITION ASSISTANCE 48,000
    ST FRANCIS XAVIER PARISH SCHOOL
    1708 E 10TH ST
    MERRILL,WI54452     		NONE PC TUITION ASSISTANCE 24,000
    ST FRANCIS XAVIER SCHOOL
    219 19TH ST NW
    BUFFALO,MN55313     		NONE PC TUITION ASSISTANCE 19,000
    ST FRANCIS XAVIER SCHOOL
    203 2ND ST SW
    DYERSVILLE,IA52040     		NONE PC TUITION ASSISTANCE 33,000
    ST FRANCIS XAVIER SCHOOL
    414 MICHIGAN ST
    PETOSKEY,MI49770     		NONE PC TUITION ASSISTANCE 38,000
    ST HELENA SCHOOL
    3200 44TH ST E
    MINNEAPOLIS,MN55406     		NONE PC TUITION ASSISTANCE 20,000
    ST IGNATIUS OF LOYOLA CATHOLIC SCHOOL
    545 S THIRD ST
    ROGERS CITY,MI49779     		NONE PC TUITION ASSISTANCE 24,000
    ST JAMES CATHOLIC SCHOOL
    1204 ST JAMES CT
    MADISON,WI53711     		NONE PC TUITION ASSISTANCE 19,000
    ST JAMES CATHOLIC SCHOOL
    206 NE KIRBY ST
    MCMINNVILLE,OR97128     		NONE PC TUITION ASSISTANCE 38,000
    ST JAMES ELEMENTARY SCHOOL
    2502 11TH ST
    EAU CLAIRE,WI54703     		NONE PC TUITION ASSISTANCE 15,000
    ST JEROME SCHOOL
    384 ROSELAWN AVE E
    MAPLEWOOD,MN55117     		NONE PC TUITION ASSISTANCE 28,000
    ST JOACHIM CATHOLIC SCHOOL
    10120 CREST RD
    CADET,MO63630     		NONE PC TUITION ASSISTANCE 15,000
    ST JOHN LUTHERAN SCHOOL
    16035 COUNTY RD U
    NAPOLEON,OH43545     		NONE PC TUITION ASSISTANCE 12,000
    ST JOHN LUTHERAN SCHOOL
    655 WAYNE AVE
    DEFIANCE,OH43512     		NONE PC TUITION ASSISTANCE 19,000
    ST JOHN NEUMANN CATHOLIC SCHOOL
    625 ST JOHN CT
    KNOXVILLE,TN37934     		NONE PC TUITION ASSISTANCE 24,000
    ST JOHN PAUL II CATHOLIC ACADEMY
    2701 17TH ST
    MENOMINEE,MI49858     		NONE PC TUITION ASSISTANCE 19,000
    ST JOHN PAUL II CATHOLIC SCHOOL
    1630 4TH ST NE
    MINNEAPOLIS,MN55413     		NONE PC TUITION ASSISTANCE 19,000
    ST JOHN THE BAPTIST CATHOLIC SCHOOL
    111 MAIN ST W
    VERMILLION,MN55085     		NONE PC TUITION ASSISTANCE 6,000
    ST JOHN THE BAPTIST CATHOLIC SCHOOL
    125 NORTH 4TH AVEPO BOX 66
    EDGAR,WI54426     		NONE PC TUITION ASSISTANCE 8,000
    ST JOHN THE BAPTIST CATHOLIC SCHOOL
    215 BROADWAY ST N
    JORDAN,MN55352     		NONE PC TUITION ASSISTANCE 28,000
    ST JOHN THE BAPTIST PRIMARY SCHOOL
    307 NORTH WALNUT ST
    MARSHFIELD,WI54449     		NONE PC TUITION ASSISTANCE 18,000
    ST JOHN THE EVANGELIST CATHOLIC SCHOOL
    209 N WASHINGTON STPO BOX 129
    SPRING GREEN,WI53588     		NONE PC TUITION ASSISTANCE 28,000
    ST JOHN VIANNEY CATHOLIC SCHOOL
    911 S PRAIRIE AVE
    FAIRMONT,MN56031     		NONE PC TUITION ASSISTANCE 28,000
    ST JOHN'S LUTHERAN SCHOOL
    12809 ST RT 736
    MARYSVILLE,OH43040     		NONE PC TUITION ASSISTANCE 28,000
    ST JOSEPH CATHOLIC SCHOOL
    535 AVENUE M NW
    WINTER HAVEN,FL33881     		NONE PC TUITION ASSISTANCE 43,000
    ST JOSEPH CATHOLIC SCHOOL
    11822 ZELL RD
    STE GENEVIEVE,MO63670     		NONE PC TUITION ASSISTANCE 25,000
    ST JOSEPH CATHOLIC SCHOOL
    128 WEST HUMBIRD ST
    RICE LAKE,WI54868     		NONE PC TUITION ASSISTANCE 24,000
    ST JOSEPH CATHOLIC SCHOOL
    2990 26TH ST W
    BRADENTON,FL34205     		NONE PC TUITION ASSISTANCE 36,000
    ST JOSEPH CATHOLIC SCHOOL
    11920 LARCH ST PO BOX 6
    STRATFORD,WI54484     		NONE PC TUITION ASSISTANCE 15,000
    ST JOSEPH ELEMENTARY SCHOOL
    305 E WALNUT ST
    DODGEVILLE,WI53533     		NONE PC TUITION ASSISTANCE 15,000
    ST JOSEPH GRADE SCHOOL
    910 WILSON AVE
    MENOMONIE,WI54751     		NONE PC TUITION ASSISTANCE 28,000
    ST JOSEPH PARISH SCHOOL
    310 2ND STREET
    BARABOO,WI53913     		NONE PC TUITION ASSISTANCE 15,000
    ST JOSEPH PARISH SCHOOL
    281 DAKOTA ST SOUTH
    PRESCOTT,WI54021     		NONE PC TUITION ASSISTANCE 6,000
    ST JOSEPH SCHOOL
    175 ST JOSEPH DR
    AMHERST,OH44001     		NONE PC TUITION ASSISTANCE 15,000
    ST JOSEPH SCHOOL
    1810 HOWARD DR
    KNOXVILLE,TN37918     		NONE PC TUITION ASSISTANCE 24,000
    ST JOSEPH SCHOOL
    13900 BISCAYNE AVE W
    ROSEMOUNT,MN55068     		NONE PC TUITION ASSISTANCE 19,000
    ST JOSEPH SCHOOL
    935 WEST HOUGHTON AVE
    WEST BRANCH,MI48661     		NONE PC TUITION ASSISTANCE 28,000
    ST JOSEPH SCHOOL
    813 EAST PATTEN ST
    BOYD,WI54726     		NONE PC TUITION ASSISTANCE 19,000
    ST JUDE SCHOOL
    594 POPLAR ST
    ELYRIA,OH44035     		NONE PC TUITION ASSISTANCE 19,000
    ST JUDE SCHOOL
    930 ASHLAND TERRACE
    CHATTANOOGA,TN37415     		NONE PC TUITION ASSISTANCE 28,000
    ST KILIAN SCHOOL
    245 HIGH ST
    HARTFORD,WI53027     		NONE PC TUITION ASSISTANCE 19,000
    ST LUKE CATHOLIC SCHOOL
    1290 NACHREINER AVE
    PLAIN,WI53577     		NONE PC TUITION ASSISTANCE 24,000
    ST MARGARET MARY ALACOQUE SCHOOL
    4900 RINGER RD
    ST LOUIS,MO63129     		NONE PC TUITION ASSISTANCE 28,000
    ST MARK SCHOOL
    602 MILITARY RD
    ROTHSCHILD,WI54474     		NONE PC TUITION ASSISTANCE 15,000
    ST MARKS LUTHERAN SCHOOL
    5849 BUCKWHEAT RD
    MILFORD,OH45150     		NONE PC TUITION ASSISTANCE 19,000
    ST MARTHA CATHOLIC SCHOOL
    4380 FRUITVILLE RD
    SARASOTA,FL34232     		NONE PC TUITION ASSISTANCE 40,000
    ST MARY ACADEMY
    4380 FRUITVILLE RD
    SARASOTA,FL34232     		NONE PC TUITION ASSISTANCE 25,000
    ST MARY CATHEDRAL SCHOOL
    321 N OTSEGO
    GAYLORD,MI49735     		NONE PC TUITION ASSISTANCE 48,000
    ST MARY CATHOLIC SCHOOL
    209 S SECOND ST POBOX 408
    COLBY,WI54421     		NONE PC TUITION ASSISTANCE 10,000
    ST MARY OF THE ASSUMPTION SCHOOL
    8540 MENTOR AVE
    MENTOR,OH44060     		NONE PC TUITION ASSISTANCE 20,000
    ST MARY OF THE ASSUMPTION SCHOOL
    155 WEST 5TH ST
    RICHLAND CENTER,WI53581     		NONE PC TUITION ASSISTANCE 22,000
    ST MARY OF THE IMMACULATE CONCEPTION CATHOLIC SCHOOL
    315 WEST COOK ST
    PORTAGE,WI53901     		NONE PC TUITION ASSISTANCE 19,000
    ST MARY SCHOOL
    716 MARKET STPO BOX 102
    MARATHON,WI54448     		NONE PC TUITION ASSISTANCE 33,000
    ST MARY SCHOOL
    237 FOURTH ST
    ELYRIA,OH44035     		NONE PC TUITION ASSISTANCE 19,000
    ST MARY SCHOOL
    323 VERMONT AVE
    OAK RIDGE,TN37830     		NONE PC TUITION ASSISTANCE 28,000
    ST MARY SCHOOL
    303 ST MARY ST PO BOX 340
    LAKE LEELANAU,MI49653     		NONE PC TUITION ASSISTANCE 36,000
    ST MARY SCHOOL
    1005 BRIDGE ST
    CHARLEVOIX,MI49720     		NONE PC TUITION ASSISTANCE 28,000
    ST MARY SCHOOL
    132 W BUTLER ST
    MANCHESTER,IA52057     		NONE PC TUITION ASSISTANCE 24,000
    ST MARY SCHOOL
    257 S WASHINGTON AVE
    NEW RICHMOND,WI54017     		NONE PC TUITION ASSISTANCE 48,000
    ST MARY-HANNAH SCHOOL
    2912 WEST M-113
    KINGSLEY,MI49649     		NONE PC TUITION ASSISTANCE 24,000
    ST MARY'S CATHOLIC SCHOOL
    221 E WASHINGTON AVE
    TOMAHAWK,WI54487     		NONE PC TUITION ASSISTANCE 48,000
    ST MARY'S CATHOLIC SCHOOL
    360 MAPLE ST
    SAULT STE MARIE,MI49783     		NONE PC TUITION ASSISTANCE 24,000
    ST MARY'S ELEMENTARY SCHOOL
    1828 LYNN AVE
    ALTOONA,WI54720     		NONE PC TUITION ASSISTANCE 15,000
    ST MARY'S SCHOOL
    2211 EAST LAKEVIEW DR
    JOHNSON CITY,TN37601     		NONE PC TUITION ASSISTANCE 33,000
    ST MARY'S SCHOOL
    1665 US HIGHWAY 45 BYPASS
    JACKSON,TN38305     		NONE PC TUITION ASSISTANCE 48,000
    ST MATTHEW PARISH SCHOOL
    1555 GLEN ELLYN RD
    GLENDALE HTS,IL60139     		NONE PC TUITION ASSISTANCE 22,500
    ST MAXIMILIAN KOLBE CATHOLIC SCHOOL
    PO BOX 470 / 235 SO 2ND ST
    DELANO,MN55328     		NONE PC TUITION ASSISTANCE 17,000
    ST MICHAEL SCHOOL
    6906 CHESTNUT RD
    INDEPENDENCE,OH44131     		NONE PC TUITION ASSISTANCE 28,000
    ST PASCAL REGIONAL CATHOLIC SCHOOL
    1757 CONWAY ST
    ST PAUL,MN55106     		NONE PC TUITION ASSISTANCE 28,000
    ST PATRICK SCHOOL
    175 SAINT PATRICK ST
    MCEWEN,TN37101     		NONE PC TUITION ASSISTANCE 38,000
    ST PATRICK SCHOOL
    1500 VINE ST
    HUDSON,WI54016     		NONE PC TUITION ASSISTANCE 45,000
    ST PATRICK SCHOOL
    100 SOUTH L ST
    SPARTA,WI54656     		NONE PC TUITION ASSISTANCE 19,000
    ST PATRICK SCHOOL
    216 N GARNAVILLO ST
    ANAMOSA,IA52205     		NONE PC TUITION ASSISTANCE 15,000
    ST PATRICK SCHOOL
    325 MANSION ST
    MAUSTON,WI53948     		NONE PC TUITION ASSISTANCE 24,000
    ST PATRICK'S ELEMENTARY SCHOOL
    127 11TH AVE N
    ONALASKA,WI54650     		NONE PC TUITION ASSISTANCE 15,000
    ST PAUL CATHOLIC SCHOOL
    1425 E SHELBY DR SUITE 1
    MEMPHIS,TN38116     		NONE PC TUITION ASSISTANCE 48,000
    ST PAUL LUTHERAN SCHOOL
    27981 DETROIT RD
    WESTLAKE,OH44145     		NONE PC TUITION ASSISTANCE 33,000
    ST PAUL LUTHERAN SCHOOL
    1075 GLENWOOD AVE
    NAPOLEON,OH43545     		NONE PC TUITION ASSISTANCE 24,000
    ST PAUL THE APOSTLE CATHOLIC SCHOOL
    1007 E RUSHOLME ST
    DAVENPORT,IA52803     		NONE PC TUITION ASSISTANCE 28,000
    ST PAUL'S CATHOLIC SCHOOL
    1210 MAIN ST
    BLOOMER,WI54724     		NONE PC TUITION ASSISTANCE 43,000
    ST PAUL'S CATHOLIC SCHOOL
    1320 SUNSHINE AVE
    LEESBURG,FL34748     		NONE PC TUITION ASSISTANCE 48,000
    ST PETER CATHOLIC SCHOOL
    2620 MARGARET ST N
    NORTH SAINT PAUL,MN55109     		NONE PC TUITION ASSISTANCE 25,000
    ST PETER CATHOLIC SCHOOL
    7129 COUNTY RD K
    MIDDLETON,WI53562     		NONE PC TUITION ASSISTANCE 19,000
    ST PETER CLAVER SCHOOL
    1060 CENTRAL AVE W
    ST PAUL,MN55104     		NONE PC TUITION ASSISTANCE 19,000
    ST PETER SCHOOL - TILDEN
    11370 CTY HWY Q
    CHIPPEWA FALLS,WI54729     		NONE PC TUITION ASSISTANCE 12,000
    ST RAPHAEL SCHOOL
    7301 BASS LAKE RD
    CRYSTAL,MN55428     		NONE PC TUITION ASSISTANCE 20,000
    ST RAPHAEL SCHOOL
    525 DOVER CENTER RD
    BAY VILLAGE,OH44140     		NONE PC TUITION ASSISTANCE 28,000
    ST RITA PARISH SCHOOL
    32820 BALDWIN RD
    SOLON,OH44139     		NONE PC TUITION ASSISTANCE 24,000
    ST ROSE OF LIMA SCHOOL
    2072 N HAMLINE AVE
    ROSEVILLE,MN55113     		NONE PC TUITION ASSISTANCE 19,000
    ST ROSE OF LIMA SCHOOL
    218 JACKSON ST
    CUBA CITY,WI53807     		NONE PC TUITION ASSISTANCE 19,000
    ST ROSE ST MARY'S SCHOOL
    140 AUTO ST
    CLINTONVILLE,WI54929     		NONE PC TUITION ASSISTANCE 15,000
    ST STEPHEN SCHOOL
    1335 CLARK ST
    STEVENS POINT,WI54481     		NONE PC TUITION ASSISTANCE 19,000
    ST TIMOTHY'S CATHOLIC SCHOOL
    215 DIVISION ST E
    MAPLE LAKE,MN55358     		NONE PC TUITION ASSISTANCE 24,000
    ST VICTOR CATHOLIC SCHOOL
    1416 20TH AVE
    MONROE,WI53566     		NONE PC TUITION ASSISTANCE 19,000
    ST VINCENT DE PAUL SCHOOL
    831 12TH ST S
    WISCONSIN RAPIDS,WI54494     		NONE PC TUITION ASSISTANCE 19,000
    THE BRIDGE AVENUE SCHOOL
    3389 FULTON RD
    CLEVELAND,OH44109     		NONE PC TUITION ASSISTANCE 10,000
    THE FRANCISCAN SCHOOL
    10000 SAINT FRANCIS DR
    RALEIGH,NC27613     		NONE PC TUITION ASSISTANCE 25,000
    THORP CATHOLIC SCHOOL
    411 E SCHOOL ST PO BOX 329
    THORP,WI54771     		NONE PC TUITION ASSISTANCE 15,000
    TRANSFIGURATION CATHOLIC SCHOOL
    6133 15TH ST N
    OAKDALE,MN55128     		NONE PC TUITION ASSISTANCE 19,000
    TRINITY LUTHERAN SCHOOL
    4560 GLENDALE AVE
    TOLEDO,OH43614     		NONE PC TUITION ASSISTANCE 28,000
    TRINITY LUTHERAN SCHOOL
    4900 MCCAIN RD
    JACKSON,MI49201     		NONE PC TUITION ASSISTANCE 15,000
    VALLE CATHOLIC SCHOOLS
    20 NORTH 4TH ST
    STE GENEVIEVE,MO63670     		NONE PC TUITION ASSISTANCE 43,000
    WATERTOWN CATHOLIC SCHOOL
    300 E CADY ST
    WATERTOWN,WI53094     		NONE PC TUITION ASSISTANCE 19,000
    WAUWATOSA CATHOLIC SCHOOL
    1500 N WAUWATOSA AVE
    WAUWATOSA,WI53213     		NONE PC TUITION ASSISTANCE 28,000
    Total .................................bullet 3a 6,000,180
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 2,268  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 5,108,444  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 6,971,441 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    6,971,441
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    TWO EAGLES FOUNDATION INC
     
    Employer identification number

    83-0399899
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    TWO EAGLES FOUNDATION INC
          		Employer identification number
    83-0399899
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    DAVID C ORLOWSKI
    C/O MIKE ORLOWSKI 1917 ROBINSON ROA
     
    TOMAHAWK, WI54487

    		$ 557,476


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    DAVID C ORLOWSKI ESTATE
    C/O MIKE ORLOWSKI 1917 ROBINSON ROA
     
    TOMAHAWK, WI54487

    		$ 116,990,068


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    DAVID C ORLOWSKI ESTATE
    C/O MIKE ORLOWSKI 1917 ROBINSON ROA
     
    TOMAHAWK, WI54487

    		$ 1,740,173


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    TWO EAGLES FOUNDATION INC
          		Employer identification number

    83-0399899
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PUBLICLY TRADED SECURITIES, DETAIL AVAILABLE UPON REQUEST $ 557,476 2021-12-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 PUBLICLY TRADED SECURITIES, DETAIL AVAILABLE UPON REQUEST $ 116,990,068 2021-12-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    TWO EAGLES FOUNDATION INC
          		Employer identification number

    83-0399899
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING/TAX PREP - RSM US LLP 12,983 5,446   7,537

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AFFILIATED MANAGERS GROUP 3.500% 152,642 159,494
    AFFILIATED MANAGERS GROUP 4.200% 2,033 2,027
    AFFILIATED MANAGERS GROUP 4.750% 1,957 1,948
    AFFILIATED MANAGERS GROUP 5.875% 3,480 3,725
    AFLAC 100,400 106,800
    ALGONQUIN POWER & UTILITIES 6.200% (SERIES A) 1,606 1,850
    ALGONQUIN POWER & UTILITIES 6.875% (SERIES A) 1,641 1,809
    AMERICAN EXPRESS CREDIT CORP MT 97,911 107,052
    AMERICAN FINANCIAL GROUP 5.875% 1,629 1,809
    AMERICAN WATER CAP 2.950% 98,620 105,547
    AMERICAN WATER CAP 3.400% 98,906 105,714
    APPLE 50,363 51,046
    AT&T 4.125% 25,910 27,282
    AT&T 5.350% 5,681 5,683
    AT&T 5.625% 1,787 1,902
    AVALONBAY COMMUNITIES 99,539 106,170
    BALTIMORE GAS & ELECTRIC 72,615 76,955
    BANK NEW YORK MELLON 100,521 108,613
    BERKSHIRE HATHAWAY ENERGY 100,173 107,068
    BLACKROCK 3.200% 151,151 161,997
    BLACKROCK 3.375% 50,321 50,607
    BRIGHTHOUSE FINANCIAL 49,586 53,665
    CELGENE 99,191 101,329
    CHEVRON 99,895 102,969
    CMS ENERGY 5.625% 1,787 1,876
    COMCAST 99,347 106,920
    COMMONWEALTH EDISON CO 98,655 104,409
    CVS HEALTH 3.500% 100,161 101,118
    DIRECTV HOLDINGS/DIRECTTV FINANCING 50,884 48,375
    DTE ENERGY 4.375% (SERIES G) 1,998 1,994
    DTE ENERGY 5.250% (SERIES E) 1,818 1,938
    DTE ENERGY CO CAL DEB 81 906 947
    DUKE ENERGY 3.200% 97,988 106,448
    DUKE ENERGY 5.625% 1,839 1,897
    EATON VANCE 99,690 107,606
    EBAY 49,937 50,298
    ENBRIDGE 6.375% (SERIES B) 3,297 3,849
    ENTERGY ARKANSAS 4.875% 3,217 3,274
    ENTERGY LOUISIANA 4.875% 1,566 1,619
    EXXON MOBIL 85,176 89,965
    FEDERAL HOME LOAN BANKS 25,265 26,276
    GEORGIA POWER 99,761 100,959
    GEORGIA POWER 5.000% (SERIES A) 1,978 2,019
    GLOBE LIFE 2,015 2,046
    GULF POWER CO 156,207 160,142
    HARTFORD FINANCIAL SERVICE GROUP 7.875% TO 4/15/22 FLOATS AFTER 3,807 3,614
    HEWLETT PACKARD ENTERPRISE CO 50,778 55,480
    HOME DEPOT 51,011 52,710
    INTEL 151,660 157,857
    INTERNATIONAL BUSINESS MACHINES 152,182 160,939
    JPMORGAN CHASE & CO 256,477 264,579
    KIMBERLY-CLARK 151,013 162,278
    LAS VEGAS SANDS 50,872 50,637
    LOEWS 151,007 153,100
    MASTERCARD 2.950% 97,489 106,448
    MASTERCARD 3.375% 25,162 26,310
    METLIFE 99,923 105,564
    MICROSOFT 99,099 104,098
    MORGAN STANLEY 3.875% 100,209 108,187
    NEXTERA ENERGY CAPITAL HOLDINGS 5.650% (SERIES N) 1,745 1,860
    ORACLE 100,028 101,426
    PFIZER 99,576 105,948
    PRUDENTIAL FINANCIAL 4.125% 1,889 1,927
    PRUDENTIAL FINANCIAL 5.625% 1,729 1,874
    QUALCOMM 254,009 266,512
    RAYTHEON TECHNOLOGIES 201,259 200,031
    SIERRA PAC POWER CO 99,911 103,263
    STATE STREET 200,660 198,472
    STELLANTIS 49,931 52,442
    STIFEL FINANCIAL 1,544 1,852
    TD AMERITRADE HOLDING 152,415 159,883
    THE SOUTHERN CO 5.250% (SERIES 2017B) 1,750 1,862
    UNITEDHEALTH GROUP 101,577 111,540
    W R BERKLEY 5.100% 2,020 2,043
    WALMART 101,520 112,032
    WELLS FARGO & CO 100,000 99,789

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Name of Stock End of Year Book Value End of Year Fair Market Value
    10X GENOMICS 4,040 3,724
    3M 1,466,075 1,505,059
    A A R 8,238 9,211
    AAC TECHNOLOGIES HOLDING 7,775 5,079
    ABB 11,124 17,291
    ABBOTT LABORATORIES 70,009 144,821
    ABBVIE 1,464,412 2,029,240
    ABM INDUSTRIES 8,942 8,578
    ACCENTURE 37,751 94,103
    ACTIVISION BLIZZARD 4,793 4,058
    ADIDAS 46,014 41,616
    ADOBE 353,828 505,818
    ADOBE SYSTEMS 1,028,890 2,013,063
    ADVANCE AUTO PARTS 12,771 17,751
    ADVANCED ENERGY INDUSTRIES 7,186 10,017
    ADVANCED MICRO DEVICES 3,501 8,202
    ADYEN 183,995 244,960
    AGILENT TECHNOLOGIES 5,172 6,546
    AGILON HEALTH 4,298 4,266
    AIA GROUP 47,813 43,268
    AIR LEASE 9,908 9,421
    AIR LIQUIDE 14,136 15,552
    AIR PRODUCTS & CHEMICALS 648,622 719,271
    AIRBNB 147,618 170,486
    AIRBUS 26,202 30,857
    AKAMAI TECHNOLOGIES 20,894 24,461
    AKZO NOBEL 14,796 13,777
    ALABAMA POWER (SERIES A PREFERRED) 3,942 3,798
    ALBANY INTERNATIONAL 8,310 12,206
    ALCON 61,581 82,590
    ALEXANDRIA REAL ESTATE EQ 4,975 7,581
    ALGONQUIN POWER & UTILITIES 9,982 10,202
    ALIBABI GROUP HOLDINGS 68,622 35,637
    ALIGN TECHNOLOGY 8,779 21,030
    ALLISON TRANSMISSION HOLDINGS 9,530 9,524
    ALLSTATE (SERIES G PREFERRED) 5,642 5,450
    ALLSTATE (SERIES H PREFERRED) 90,465 91,592
    ALLY FINANCIAL 12,659 12,664
    ALNYLAM PHARMACEUTICALS 946 1,187
    ALPHABET (CLASS A) 1,352,381 3,227,303
    ALPHABET (CLASS C) 1,452,321 2,809,676
    ALTRA INDL MOTION 6,388 9,953
    ALTRIA GROUP 22,610 25,259
    AMADEUS IT GROUP 25,519 25,869
    AMAZON.COM 2,336,898 3,727,792
    AMERICA MOVIL 18,165 27,506
    AMERICAN ELECTRIC POWER CO 85,193 88,970
    AMERICAN EXPRESS 68,921 79,837
    AMERICAN INTERNATIONAL GROUP (SERIES A PREFERRED) 9,804 10,077
    AMERICAN TOWER 1,540,754 2,346,727
    AMERICOLD REALTY TRUST 7,564 7,411
    AMERIPRISE FINANCIAL 28,992 64,555
    AMERISOURCEBERGEN 6,437 8,638
    AMETEK 9,086 19,850
    AMGEN 726,517 656,237
    AMPHENOL 30,326 60,872
    ANALOG DEVICES 16,238 24,784
    ANGLO AMERICAN 14,509 19,963
    ANHEUSER BUSCH INBEV 4,041 4,420
    ANHUI CONCH CEMENT 13,376 11,247
    ANSYS 35,948 67,789
    ANTHEM 103,549 256,338
    AON 17,045 27,351
    APPLE 2,777,422 7,381,052
    APPLIED MATERIALS 7,380 8,497
    APTIV 17,345 33,980
    ARAMARK HOLDINGS 20,284 26,090
    ARCH CAPITAL GROUP 9,313 12,002
    ARCH CAPITAL GROUP (SERIES F PREFERRED) 3,493 3,729
    ARCH CAPITAL GROUP (SERIES G PREFERRED) 2,020 2,017
    ARCHROCK 4,076 5,288
    ARES MANAGEMENT 4,707 6,258
    ARGENX SE 14,892 15,408
    ARTHUR J GALLAGHER & CO 6,550 11,707
    ASAHI KAISEI 6,246 5,524
    ASBURY AUTOMOTIVE GROUP 23,680 21,419
    ASE TECHNOLOGY HOLDING CO 20,109 20,017
    ASHTEAD GROUP 18,932 21,042
    ASM PACIFIC 11,521 10,890
    ASML HOLDING 53,547 97,129
    ASSA ABLOY 5,994 7,024
    ASSOCIATED BANC 356,557 474,390
    ASSOCIATED BANC (SERIES E PREFERRED) 1,688 1,858
    ASSOCIATED BANC (SERIES F PREFERRED) 1,722 1,840
    ASSOCIATED BRITISH FOODS 3,885 3,844
    ASTRAZENECA 62,170 125,529
    AT&T (SERIES A PREFERRED) 1,724 1,956
    AT&T (SERIES BB PREFERRED) 104,135 104,560
    AT&T (SERIES C PREFERRED) 5,557 5,961
    ATLAS COPCO 28,391 33,823
    ATLASSIAN 165,336 253,177
    ATRICURE 6,809 6,258
    AUDIOCODES 8,421 9,658
    AUTODESK 135,282 173,213
    AUTOMATIC DATA PROCESSING 60,453 94,194
    AUTOZONE 14,592 14,675
    AVALARA 5,641 4,390
    AVALONBAY COMMUNITIES 4,718 6,820
    AXALTA COATING SYSTEMS 26,164 36,863
    AZENTA 20,938 22,066
    BADGER METER 2,140 3,303
    BALL 7,547 19,639
    BANCO DO BRASIL 19,837 12,211
    BANCO SANTANDER 8,537 9,166
    BANDAI NAMCO HOLDINGS 10,200 9,725
    BANK OF AMERICA 18,696 28,251
    BANK OF AMERICA (SERIES DP PREFERRED) 2,087 2,106
    BANK OF AMERICA (SERIES HH PREFERRED) 3,675 3,686
    BANK OF AMERICA (SERIES KK PREFERRED) 5,478 5,579
    BANK OF AMERICA (SERIES LL PREFERRED) 7,706 7,921
    BANK OF AMERICA (SERIES NN PREFERRED) 3,972 4,042
    BANK OZK 6,912 12,517
    BARCLAYS 11,888 11,747
    BB SEGURIDADE PARTICIPACOES 12,340 9,362
    BCE 36,689 41,632
    BCS 10% CONTINGENT AUTOCALL BABA 50,000 23,850
    BCS 12.50% CONTINGENT AUTOCALL UAL 44,000 44,750
    BCS 8.5% CONTINGENT AUTOCALL MA 42,000 39,648
    BECTON DICKINSON & CO 45,779 60,858
    BEIGENE 5,164 5,419
    BERKLEY W R 28,495 37,982
    BERKSHIRE HATHAWAY 53,803 82,225
    BEST BUY 30,743 28,042
    BIDVEST GROUP 6,124 7,790
    BIGCOMMERCE HOLDINGS 2,361 1,309
    BILL.COM HOLDINGS 10,527 9,468
    BIO RAD LABORATORIES 11,125 15,867
    BIOLIFE SOLUTIONS 2,061 1,528
    BIONTECH SE 66,287 69,864
    BIO-TECHNE 6,766 7,760
    BLACK KNIGHT 18,303 25,696
    BLACKLINE 5,134 4,659
    BLACKROCK 1,082,596 1,886,054
    BLOCK 197,495 155,211
    BNP PARIBAS 32,106 33,085
    BOEING 371,355 301,980
    BOOKING HOLDINGS 42,437 55,182
    BOOZ ALLEN HAMILTON HOLDING 19,413 22,300
    BOSTON PROPERTIES 2,764 2,764
    BOX 10,315 10,345
    BP 14,804 15,579
    BRIGHT HORIZONS FAMILY SOLUTIONS 5,815 5,035
    BRISTOL MYERS SQUIBB 482,807 474,671
    BRITISH AMERICAN TOBACCO 8,525 8,417
    BROADCOM 39,453 81,845
    BROADRIDGE FINANCIAL SOLUTIONS 6,464 10,055
    BROOKFIELD ASSET MANAGEMENT 93,627 160,852
    BROOKFIELD INFRASTURE 21,329 26,348
    BROOKFIELD RENEWABLE 6,415 5,672
    BROWN & BROWN 9,848 20,100
    BROWN FORMAN 2,570 3,279
    BRUNSWICK 10,086 14,404
    BURBERRY GROUP 16,095 15,768
    BUREAU VERITAS 10,194 10,559
    BURLINGTON STORES 14,373 22,446
    BWX TECHNOLOGIES 8,388 7,278
    CABLE ONE 11,853 12,344
    CABOT 7,388 10,172
    CANADIAN PACIFIC RAILWAY 29,959 29,999
    CAPITAL ONE FINANCIAL 31,012 50,781
    CAPITAL ONE FINANCIAL (SERIES I PREFERRED) 6,979 7,838
    CAPITAL ONE FINANCIAL (SERIES J PREFERRED) 1,385 1,952
    CAPRI HOLDINGS 5,256 6,037
    CARDINAL HEALTH 62,155 51,490
    CAREDX 7,344 3,957
    CARLISLE CO 8,003 12,654
    CARLSBERG 16,629 20,311
    CARMAX 28,119 46,362
    CARRIER GLOBAL 845,561 1,422,336
    CARVANA 8,647 7,881
    CASELLA WASTE SYSTEMS 8,662 22,209
    CASEY'S GENERAL STORES 7,430 8,683
    CATALENT 7,223 21,765
    CBRE GROUP 11,667 21,051
    CDW 54,850 103,004
    CELLNEX TELECOM 16,904 16,727
    CENTERPOINT ENERGY 627,373 711,705
    CERNER 35,605 45,506
    CHAMPIONX 1,430,615 1,330,121
    CHARLES RIVER LABS INTL 78,617 210,997
    CHARLES SCHWAB 49,530 97,640
    CHARLES SCHWAB (SERIES D PREFERRED) 3,283 3,287
    CHARTER COMMUNICATIONS 19,546 28,035
    CHEMED 10,446 12,697
    CHEVRON 1,423,401 1,545,382
    CHEWY 1,822 2,064
    CHINA CONSTRUCTION BANK 21,948 19,140
    CHINA MERCHANTS BANK 9,409 13,119
    CHINA SHENHUA ENERGY 7,781 9,218
    CHIPOTLE MEXICAN GRILL 389,808 475,524
    CHUBB 35,519 48,907
    CHURCH & DWIGHT CO 18,262 26,548
    CHURCHILL DOWNS 11,066 13,731
    CIENA 17,057 29,480
    CIGNA 7,366 8,037
    CINCINNATI FINANICAL 33,489 49,218
    CINTAS 10,373 23,045
    CISCO SYSTEMS 1,368,638 1,865,866
    CITI 9.5% CONTINGENT AUTOCALL T 92,000 60,800
    CITIGROUP 150,994 130,684
    CITIGROUP (SERIES J PREFERRED) 7,436 7,415
    CITIGROUP (SERIES K PREFERRED) 9,543 9,729
    CITIZENS FINANCIAL GROUP (SERIES D PREFERRED) 5,347 5,624
    CITIZENS FINANCIAL GROUP (SERIES E PREFERRED) 7,064 7,835
    CLARIVATE 9,253 8,726
    CLOROX 290,115 261,540
    CLOUDFLARE 12,657 22,750
    CMC MATERIALS 20,337 32,012
    CME GROUP 1,057,820 1,641,714
    CMS ENERGY 6,871 8,391
    CMS ENERGY (SERIES C PREFERRED) 2,051 2,000
    COCA COLA 748,501 835,986
    COGENT 9,133 10,392
    COGNEX 13,065 14,852
    COHEN & STEERS 6,855 12,211
    COINBASE GLOBAL 5,402 5,047
    COLFAX 2,396 3,264
    COLGATE-PALMOLIVE 8,628 8,705
    COMCAST 200,111 231,216
    COMMERCE BANCSHARES 14,723 18,147
    COMMERCIAL INTERNATIONAL BANK 9,400 11,467
    COMPAGNIE FIN RICHEMONTAG 17,047 18,598
    COMPASS GROUP 34,544 37,766
    CONMED 10,529 17,295
    CONOCOPHILLIPS 926,776 910,695
    CONSTELLATION BRANDS 32,575 35,889
    CONTINENTAL 10,862 10,171
    COOPER CO 24,759 38,961
    COPART 42,850 80,510
    CORE LABORATORIES 1,978 1,896
    CORNING 500,862 428,145
    CORPORATE OFFICES PPTY TR 9,462 9,678
    CORTEVA 28,079 39,810
    COSTAR GROUP 57,981 57,771
    COSTCO WHOLESALE 137,803 356,516
    COTERRA ENERGY 32,646 34,105
    CRACKER BARREL OLD COUNTRY STORE 8,803 10,420
    CREDIT ACCEPTANCE 6,868 15,817
    CRH 23,180 26,664
    CROWDSTRIKE HOLDINGS 122,866 140,254
    CROWN CASTLE INTERNATIONAL 284,189 403,912
    CRYOPORT 6,836 6,213
    CULLEN FROST BANKERS 19,107 24,205
    CULLEN FROST BANKERS (SERIES B PREFERRED) 3,845 3,967
    CVS HEALTH 1,032,621 1,539,560
    DAIKIN INDUSTRIES 10,001 10,764
    DAIWA HOUSE INDUSTRY 8,214 7,749
    DANAHER 485,925 754,420
    DARLING INGREDIENTS 5,800 20,787
    DASSAULT SYSTEMS 14,402 21,544
    DATADOG 6,172 13,536
    DBS GROUP HOLDINGS 7,313 10,904
    DEERE & CO 6,960 12,001
    DEFINITIVE HEALTHCARE 2,631 1,640
    DELL TECHNOLOGIES 29,785 56,170
    DEXCOM 98,654 147,124
    DIAGEO 150,400 253,381
    DIAMONDBACK ENERGY 6,790 13,266
    DIGITAL REALTY TRUST (SERIES J PREFERRED) 1,749 1,875
    DIGITAL REALTY TRUST (SERIES K PREFERRED) 1,730 1,872
    DIGITAL REALTY TRUST (SERIES L PREFERRED) 3,561 3,722
    DIODES 9,799 24,378
    DLOCAL 7,935 5,568
    DMC GLOBAL 5,974 5,545
    DNB ASA 16,133 18,383
    DOCUSIGN 1,129,156 690,421
    DOLLAR GENERAL 10,926 15,093
    DOMINION ENERGY 35,807 38,023
    DOMINOS PIZZA 20,107 36,681
    DOORDASH 19,384 16,826
    DOVER 18,260,506 23,865,146
    DOW 40,387 35,620
    DOXIMITY 2,177 1,704
    DSV AS 5,580 7,982
    DUKE ENERGY (SERIES A PREFERRED) 116,689 115,600
    DUNN & BRADSTREET HOLDINGS 46,765 38,972
    EAST WEST BANCORP 9,219 14,320
    EATON 23,840 42,687
    ECOLAB 671,523 743,416
    EDP ENERGIAS DE PORTGUAL 27,766 28,371
    EDWARD LIFESCIENCES 78,668 131,234
    ELANCO ANIMAL HEALTH 16,875 22,023
    ELASTIC 13,834 18,833
    ELECTRONIC ARTS 8,472 10,684
    ELI LILLY & CO 589,706 875,065
    EMERGENT BIOSOLUTIONS 9,256 6,868
    EMERSON ELECTRIC 109,156 120,861
    ENCOMPASS HEALTH 10,044 9,267
    ENEL SOCIETA PER AZIONI 15,388 13,524
    ENERSYS 8,664 10,357
    ENGIE 16,639 17,928
    ENGIE BRASIL ENERGIA 8,068 6,760
    ENTEGRIS 9,447 33,814
    ENTERPRISE FINANCIAL SERVICES 8,439 9,701
    EOG RESOURCES 11,033 16,700
    EQUIFAX 3,399 6,441
    EQUINIX 6,086 8,458
    EQUINOR 4,651 7,056
    EQUITABLE HOLDINGS (SERIES C PREFERRED) 1,927 1,944
    EQUITY LIFESTYLE PROPERTIES 10,454 15,691
    ESSILORLUXOTTICA 12,904 13,471
    ESTEE LAUDER COMPANIES 949,244 1,674,044
    ETSY 22,980 38,752
    EVERBRIDGE 3,897 2,020
    EVERCORE 6,259 5,842
    EVERSOURCE ENERGY 10,175 11,736
    EVOLENT HEALTH 2,152 1,909
    EXELON 87,230 115,520
    FACTSET RESEARCH SYSTEMS 15,443 20,898
    FANUC 23,209 23,398
    FASTENAL 49,965 85,904
    FASTLY 2,649 1,453
    FEDEX 94,988 439,688
    FERGUSON 8,721 15,975
    FERRARI 15,477 21,741
    FIDELITY NATIONAL FINANCIAL 1,745 2,870
    FIDELITY NATIONAL INFORMATION 13,054 12,443
    FIFTH THIRD BANCORP (SERIES I PREFERRED) 3,605 3,786
    FIFTH THIRD BANCORP (SERIES K PREFERRED) 8,697 9,224
    FIRST HORIZON (SERIES F PREFERRED) 2,004 1,947
    FIRST HORIZON NATIONAL 543,636 555,220
    FIRST MERCHANTS 7,663 9,718
    FIRST REPUBLIC BANK (SERIES H PREFERRED) 1,724 1,864
    FIRST REPUBLIC BANK (SERIES J PREFERRED) 3,831 4,168
    FIRST REPUBLIC BANK (SERIES K PREFERRED) 1,933 1,924
    FIRST REPUBLIC BANK SAN FRANCISCO (SERIES I PREFERRED) 1,754 1,861
    FIRST REPUBLIC BANK/CA 19,729 32,629
    FIRST SOLAR 847,483 897,748
    FIRSTCASH HOLDINGS 12,551 11,745
    FISERV 47,893 58,330
    FLOOR & DECOR HOLDINGS 15,551 21,062
    FORD MOTOR 76,050 207,700
    FORGEROCK 2,604 1,708
    FORMFACTOR 6,354 18,974
    FORTIVE 7,983 8,010
    FORTUNE BRANDS HOME & SEC 34,884 36,667
    FRANKLIN ELECTRIC 9,407 18,345
    FRANKLIN RESOURCES 14,867 15,941
    FRESHPET 2,205 1,334
    FUJITSU 9,732 11,564
    GALP ENERGIA SA LISBOA 14,430 12,664
    GAP 8,742 5,242
    GARTNER 34,831 80,571
    GATX 7,296 11,148
    GENERAC HOLDINGS 3,003 20,059
    GENERAL DYNAMICS 73,062 87,766
    GENERAL MILLS 309,025 336,900
    GENIUS SPORTS 4,238 1,794
    GENUINE PARTS 70,593 84,120
    GFL ENVIRONMENTAL 10,034 9,500
    GINKGO BIOWORKS HOLDINGS 1,219 781
    GIVAUDAN 24,187 34,306
    GLOBAL PAYMENT 46,790 48,800
    GLOBANT 14,449 15,390
    GLOBE LIFE 7,527 7,966
    GODADDY 40,821 42,854
    GOLDMAN SACHS GROUP 92,529 109,027
    GOLDMAN SACHS GROUP (SERIES D PREFERRED) 6,958 7,909
    GOLDMAN SACHS GROUP (SERIES J PREFERRED) 10,883 11,056
    GOLDMAN SACHS GROUP (SERIES K PREFERRED) 5,572 5,690
    GOODRX HOLDINGS 2,024 1,732
    GRAB HOLDINGS 2,168 1,783
    GREEK ORGANISATION OF FOOTBALL 7,345 7,540
    GRUPO FINANCIERO BANORTE 7,488 8,962
    GS 10% CONTINGENT AUTOCALL C 50,000 46,050
    GS 11.25% CONTINGENT AUTOCALL SHOP 50,000 46,800
    GS 8.3% CONTINGENT AUTOCALL AAPL 50,000 51,080
    GUARDANT HEALTH 6,598 5,001
    GUIDWIRE SOFTWARE 23,123 25,090
    HAMILTON LANE 8,753 10,051
    HARTFORD FINANCIAL SERVICES GROUP 7,861 10,632
    HASBRO 7,195 8,142
    HEALTHEQUITY 4,014 2,124
    HEARTLAND FINANCIAL USA 8,794 10,021
    HEICO 18,195 22,234
    HENGAN INTERNATIONAL GROUP 13,989 11,000
    HERC HOLDINGS 5,446 7,201
    HERMES INTERNATIONAL 19,029 29,665
    HESKA 4,937 4,015
    HEXCEL 13,133 11,914
    HILTON WORLDWIDE HOLDINGS 47,353 77,371
    HIMAX TECHNOLOGIES 7,434 9,050
    HITACHI 8,151 10,295
    HOME BANCSHARES 8,415 11,225
    HOME DEPOT 1,228,589 2,433,619
    HONEYWELL INTERNATIONAL 785,305 805,266
    HONG KONG EXCHANGES & CLEARING 6,295 7,110
    HORACE MANN EDUCATORS 5,006 5,457
    HORIZON THERAPEUTICS PUB 11,569 23,061
    HOULIHAN LOKEY 10,696 22,153
    HOWARD HUGHES 8,393 9,567
    HOYA 18,476 26,175
    HSBC 8.1% CONTINGENT AUTOCALL GM 50,000 48,250
    HUBSPOT 5,882 6,592
    HUMANA 6,230 7,422
    HUNTINGTON BANCSHARES (SERIES H PREFERRED) 6,077 6,307
    HUNTINGTON INGALLS INDUSTRIES 26,439 29,318
    HYATT HOTELS 7,331 9,111
    IAA 2,012 1,772
    ICICI BANK 4,976 7,382
    ICON 25,749 43,048
    IDEX 21,160 29,540
    IDEXX LABS 17,248 38,849
    IHS MARKIT 21,463 41,338
    ILLINOIS TOOL WORKS 51,563 75,521
    ILLUMINA 18,547 21,305
    INDUSTRIA DE DISENO TEXTIL IND 30,126 29,901
    INFINEON TECHNOLOGIES 6,267 6,394
    INFOSYS 2,638 5,821
    INMODE 2,787 2,964
    INNOVATIVE INDUSTRIAL PPTYS 5,829 11,305
    INSPIRE MEDICAL SYSTEMS 3,976 4,601
    INSULET 8,576 9,046
    INTEL 785,496 655,801
    INTERCONTINENTAL EXCHANGE 1,010,376 1,647,395
    INTERNATIONAL BUSINESS MACHINES 9,731 9,757
    INTERNATIONAL FLAVORS & FRAGRANCES 12,904 16,572
    INTESA SANPAOLO 14,604 13,266
    INTUIT 24,231 56,603
    INTUITIVE SURGICAL 125,453 158,451
    INVESCO 1,009,397 1,127,980
    IQVIA HOLDINGS 156,623 366,218
    JACK HENRY & ASSOC 9,388 9,852
    JOHNSON & JOHNSON 1,431,007 1,912,049
    JOHNSON CONTROLS INTERNATIONAL 20,098 40,005
    JOINT 3,724 2,890
    JPMORGAN CHASE & CO 414,187 795,550
    JPMORGAN CHASE & CO (SERIES DD PREFERRED) 52,032 55,776
    JPMORGAN CHASE & CO (SERIES EE PREFERRED) 7,592 7,630
    JPMORGAN CHASE & CO (SERIES LL PREFERRED) 3,942 3,890
    JPMORGAN CHASE & CO (SERIES MM PREFERRED) 2,033 2,067
    JPMORGAN CHASE & CO (SERIES P PREFERRED) 7,607 7,744
    KASIKORNBANK PUB 7,922 7,321
    KB FINANCIAL GROUP 12,858 15,417
    KB HOME 9,674 10,959
    KBC GROUP 12,186 15,387
    KENNEDY-WILSON HOLDINGS 7,083 11,558
    KERING 128,293 154,901
    KEYCORP (SERIES E PREFERRED) 5,409 5,746
    KEYCORP (SERIES F PREFERRED) 1,675 1,865
    KEYCORP (SERIES G PREFERRED) 1,653 1,851
    KEYSITE TECHNOLOGIES 9,863 25,401
    KIMBERLY CLARK 3,274,985 3,566,647
    KIMCO REALTY (PREFERRED) 5,419 5,542
    KINDER MORGAN 969,488 904,020
    KKR & CO 84,812 120,988
    KNOWLES 875,586 972,411
    KOMATSU 6,318 5,282
    KORNIT DIGITAL 1,924 1,675
    KOSE 4,831 3,946
    KULICKE & SOFFA INDS 11,768 12,653
    L OREAL 38,507 54,485
    LANDSTAR SYSTEM 7,490 10,562
    LEGRAND 31,570 40,179
    LEMAITRE VASCULAR 8,951 9,343
    LENNAR 40,190 71,206
    LENOVO GROUP 8,606 9,261
    LIBERTY BROADBAND A 6,233 8,045
    LIBERTY BROADBAND C 26,483 34,959
    LIBERTY MEDIA CORP (SERIES A) 1,899 3,679
    LIBERTY MEDIA CORP (SERIES C) 8,157 14,735
    LIFE HEALTHCARE GROUP HOLDINGS 6,795 9,051
    LINDE 140,053 226,477
    LITTELFUSE 15,148 27,692
    LIVE NATION ENTERTAINMENT 16,267 29,683
    LOCKHEED MARTIN 206,688 280,418
    LONDON STOCK EXCHANGE GROUP 37,640 38,971
    LONZA GROUP 20,911 22,128
    LOWES COMPANIES 85,504 159,741
    LULULEMON ATHLETICA 97,583 124,090
    LVMH MOET HENNESSY LIOUS VUITT 229,654 300,052
    LYONDELLBASELL INDUSTRIES 1,106,198 1,020,156
    MAKITA 14,250 14,675
    MANTECH INTERNATIONAL 17,611 18,889
    MARKEL 85,710 106,124
    MARKETAXESS HOLDINGS 4,924 4,935
    MARRIOTT INTERNATIONAL 74,249 81,629
    MARSH & MCLENNAN COS 23,322 46,062
    MARTIN MARIETTA MATERIALS 42,181 78,853
    MASCO 20,170 24,717
    MASTERCARD 382,071 732,294
    MATCH GROUP 118,236 117,570
    MAXIMUS 7,206 8,126
    MCCORMICK & CO 20,903 27,727
    MCDONALD'S 312,919 665,886
    MEDICAL PROPERTIES TRUST REIT 217,472 236,300
    MEDNAX 14,829 15,809
    MEDTRONIC 82,495 90,105
    MERCADOLIBRE 28,361 35,058
    MERCK & CO 582,688 618,408
    MERCK KGAA 9,417 15,370
    MERIDIAN BIOSCIENCE 7,843 6,732
    MERITAGE HOME 4,683 12,694
    META PLATFORMS 1,798,018 2,698,536
    METLIFE 127,691 135,353
    METLIFE (SERIES E PREFERRED) 3,642 3,696
    METLIFE (SERIES F PREFERRED) 9,149 9,818
    METTLER TOLEDO INTERNATIONAL 36,218 67,888
    MICHELIN COMPAGNIE GENERALE DE 23,827 30,724
    MICROCHIP TECHNOLOGY 36,866 61,116
    MICROSOFT 2,708,639 6,496,693
    MITSUBISHI UFJ FINANCIAL GROUP 13,098 14,163
    MOBILE TELESYSTEMS 8,047 7,799
    MODERNA 1,139 2,286
    MOLINA HEALTHCARE 7,452 18,449
    MONDELEZ INTERNATIONAL 163,650 327,174
    MONDI 6,918 7,674
    MONGODB 2,877 5,823
    MONOLITHIC POWER SYSTEMS 13,507 35,026
    MONOTARO 8,226 10,233
    MONRO 9,003 10,139
    MONSTER BEVERAGE 276,417 289,945
    MOODYS 12,566 20,701
    MOOG 7,975 8,421
    MORGAN STANLEY 418,270 510,530
    MORGAN STANLEY (SERIES A PREFERRED) 52,186 56,965
    MORGAN STANLEY (SERIES E PREFERRED) 7,766 7,770
    MORGAN STANLEY (SERIES F PREFERRED) 3,664 3,741
    MORGAN STANLEY (SERIES I PREFERRED) 3,923 4,061
    MORGAN STANLEY (SERIES K PREFERRED) 3,533 3,898
    MORGAN STANLEY (SERIES L PREFERRED) 3,620 3,835
    MORGAN STANLEY (SERIES O PREFERRED) 2,083 2,094
    MORNINGSTAR 6,414 11,286
    MOTOROLA SOLUTIONS 4,458 11,683
    MS 10.1% CONTINGENT AUTOCALL INTC 50,000 47,375
    MSC INDUSTRIAL DIRECT 9,331 11,348
    MSCI 13,139 30,022
    MYRIAD GENETIC 7,226 8,860
    NANOSTRING TECHNOLOGIES 4,390 2,829
    NATERA 7,909 6,444
    NEDBANK GROUP 7,752 10,388
    NEOGEN 3,952 3,951
    NESTLE 77,479 114,121
    NETFLIX 351,470 412,671
    NEUROCRINE BIOSCIENCES 27,481 21,122
    NEW YORK CMNTY BC (SERIES A PREFERRED) 3,422 3,943
    NEXPOINT RESIDENT TR 4,459 11,736
    NEXSTAR MEDIA GROUP 7,242 12,229
    NEXTERA ENERGY 1,099,534 1,741,164
    NICE 14,551 14,269
    NIDEC 21,141 25,113
    NIKE 932,121 1,690,367
    NINTENDO 17,362 21,772
    NISOURCE (SERIES B PREFERRED) 1,932 1,878
    NORDSON 6,249 9,190
    NORFOLK SOUTHERN 38,493 66,389
    NORTHERN OIL & GAS 6,069 6,030
    NORTHERN TRUST 4,147 5,502
    NORTHERN TRUST (PREFERRED) 105,480 108,263
    NORTHERN TRUST (SERIES E PREFERRED) 1,723 1,925
    NORTHROP GRUMMAN 81,835 132,765
    NOVARTIS 15,625 17,232
    NOVO NORDISK 21,634 39,872
    NOVOCURE 7,150 2,928
    NU HOLDINGS 6,322 5,318
    NVIDIA 394,159 952,622
    NXP SEMICONDUCTORS 120,991 155,118
    OASIS PETROLEUM 7,636 12,347
    OCADO GROUP 12,732 9,309
    OKTA 55,656 55,818
    ONEOK 860,197 863,772
    ORACLE 972,229 1,414,285
    O'REILLY AUOMOTIVE 34,877 90,397
    ORSTED 7,397 6,538
    PALO ALTO NETWORKS 56,955 92,422
    PARKER HANNIFIN 33,295 51,854
    PARSONS 11,506 9,456
    PAYCHEX 704,458 1,164,209
    PAYCOM SOFTWARE 13,107 24,911
    PAYPAL HOLDINGS 216,029 227,616
    PEARSON 6,503 6,392
    PEBBLEBROOK HOTEL TR 8,109 10,290
    PEOPLES UNITED FINANCIAL (SERIES A PREFERRED) 5,313 5,793
    PEPSICO 222,824 286,969
    PERIMETER SOLUTIONS 3,683 4,153
    PERNOD RICARD 27,464 38,784
    PETROLEO BRASILEIRO 12,065 11,309
    PFIZER 590,556 1,031,722
    PHILIP MORRIS INTERNATIONAL 180,169 335,255
    PHILLIPS 66 31,064 26,955
    PING AN INSURANCE 15,420 10,841
    PINTEREST 10,403 5,671
    PJSC GAZPROM 9,651 14,805
    PJSC LUKOIL 7,783 11,405
    PLEXUS 7,927 10,356
    PNC FINANCIAL SERVICES GROUP 63,015 92,440
    PNC FINANCIAL SERVICES GROUP (SERIES P PREFERRED) 15,659 15,393
    POOL 13,245 35,658
    POWER INTEGRATIONS 7,906 11,147
    PPG INDUSTRIES 14,273 20,348
    PROCTER & GAMBLE 272,264 335,503
    PROGRESSIVE CORP OHIO 59,243 70,007
    PROLOGIS 21,360 42,595
    PROS HOLDING 5,521 4,242
    PROSPERITY BANCSHARES 7,989 9,471
    PROSUS 8,614 7,142
    PRUDENTIAL 8,088 7,127
    PS BUSINESS PARKS (SERIES X PREFERRED) 1,765 1,883
    PS BUSINESS PARKS (SERIES Y PREFERRED) 1,711 1,878
    PS BUSINESS PARKS (SERIES Z PREFERRED) 1,616 1,948
    PT ASTRA INTERNATIONAL TBK 9,677 8,440
    PT BK MANDIRI PERSERO TBK 11,364 14,200
    PT TELEKOMUNAKASI INDONESIA 12,711 16,060
    PUBLIC SERVICE ENTERPRISE 67,954 95,824
    PUBLIC STORAGE (SERIES F PREFERRED) 1,762 1,849
    PUBLIC STORAGE (SERIES H PREFERRED) 1,745 1,821
    PUBLIC STORAGE (SERIES I PREFERRED) 3,574 3,717
    PUBLIC STORAGE (SERIES O PREFERRED) 1,908 1,883
    Q2 HOLDINGS 4,910 3,813
    QUAKER HOUGHTON 6,406 8,539
    QUALCOMM 1,454,122 2,867,584
    QUALTRICS INTERNATIONAL 2,944 2,655
    QUALYS 14,917 22,916
    QUEST DIAGNOSTICS 53,093 98,443
    QUIDEL 6,847 7,424
    R P M 20,955 30,300
    RAYMOND JAMES FINANCIAL 17,238 34,538
    RAYONIER 15,631 80,720
    RAYTHEON TECHNOLOGIES 188,026 254,307
    RBC BEARINGS 6,928 6,867
    REALTY INCOME 24,063 27,491
    RECRUIT HOLDINGS 26,238 32,691
    REGENERON PHARMACEUTICALS 4,658 6,947
    REGIONS FINANCIAL (SERIES B PREFERRED) 5,242 5,753
    REGIONS FINANCIAL (SERIES C PREFERRED) 3,564 4,046
    REGIONS FINANCIAL (SERIES E PREFERRED) 1,934 2,007
    REINSURANCE GROUP OF AMERICA 8,499 7,883
    RELIANCE STEEL & ALUMINUM 8,360 9,409
    RELX 19,008 26,349
    REMY COINTREAU 9,029 11,989
    RENAISSANCERE HOLDINGS (SERIES F PREFERRED) 1,726 1,821
    RENAISSANCERE HOLDINGS (SERIES G PREFERRED) 2,042 2,014
    RENAULT 5,645 4,877
    RENTOKIL GROUP 18,337 24,519
    REPLIGEN 5,767 7,945
    REPUBLIC SERVICES 4,690 8,228
    RESMED 10,372 22,922
    RESTAURANT BRANDS INTERNATIONAL 41,488 37,743
    RIVIAN AUTOMOTIVE 1,883 1,763
    ROBLOX 83,815 110,175
    ROCHE HOLDINGS 31,315 40,370
    ROCKWELL AUTOMATION 4,124 9,419
    ROPER TECHNOLOGIES 34,454 46,235
    ROSS STORES 40,936 56,226
    ROYAL CARIBBEAN GROUP 6,612 5,844
    ROYAL DSM 16,540 27,060
    ROYALTY PHARMA 10,828 10,241
    RYANAIR HOLDINGS 13,608 14,019
    RYDER SYSTEMS 4,268 10,963
    RYOHIN KEIKAKU CO 10,751 7,391
    S&P GLOBAL 108,086 140,163
    SABRE 7,358 9,449
    SAFRAN 27,186 25,481
    SAIA 3,889 3,707
    SALESFORCE.COM 493,648 656,164
    SAMPO OYJ 10,627 11,838
    SANDVIK AB 10,924 13,109
    SANLAM 5,389 4,885
    SANMINA 7,706 11,899
    SANOFI 21,316 22,445
    SAP 6,205 6,025
    SBA COMMUNICATIONS 20,165 36,568
    SBERBANK RUSSIA 7,132 10,127
    SCHLUMBERGER 42,270 41,151
    SCHWAB CHARLES (SERIES J PREFERRED) 5,869 5,953
    SCOTTS MIRACLE-GRO 816,862 805,000
    SEA 156,184 122,817
    SEAGATE TECHNOLOGY HOLDINGS 4,798 7,005
    SEAGEN 4,217 4,947
    SEMPRA 405,632 422,767
    SERVICENOW 44,682 68,806
    SHAKE SHACK 2,680 1,948
    SHERWIN WILLIAMS 19,535 44,372
    SHIMANO 13,879 17,087
    SHIN ETSU CHEM 6,126 7,077
    SHINHAN FINANCIAL GROUP 8,788 8,160
    SHISEIDO 21,313 17,319
    SHOCKWAVE MED 5,825 5,350
    SHOPIFY 390,656 530,295
    SHUTTERSTOCK 8,488 12,086
    SIKA 8,530 11,678
    SINOPHARM GROUP 12,881 10,367
    SKYWORKS SOLUTIONS 14,186 21,409
    SMARTSHEET 9,849 11,695
    SMC CORP JAPAN 4,557 5,659
    SMITH & NEPHEW 6,680 6,474
    SNAP 172,356 147,768
    SNAP-ON 6,292 8,400
    SNOWFLAKE 148,562 179,199
    SONY GROUP 23,461 47,021
    SOUTH ST 10,134 12,017
    SOUTHERN COMPANY 291,832 322,326
    SOUTHERN COMPANY (PREFERRED) 52,160 52,579
    SOUTHERN COPPER 207,002 187,105
    SOUTHWEST AIRLINES 20,036 20,092
    SPIRE (CLASS A PREFERRED) 1,733 1,860
    SPLUNK 67,068 57,860
    SPOTIFY TECHNOLOGY 9,761 10,999
    SPROUT SOCIAL 3,335 3,174
    SPS COMMERCE 24,716 22,207
    SS&C TECHNOLOGIES HOLDINGS 40,899 49,188
    STAG INDL 8,860 14,196
    STANDARD BANK GROUP 4,781 5,250
    STANDEX INTERNATIONAL 7,694 9,517
    STANLEY BLACK & DECKER 18,288 26,030
    STARBUCKS CORP WA 64,835 114,163
    STATE STREET (CONVERTIBLE PREFERRED) 49,658 49,267
    STATE STREET (SERIES D PREFERRED) 3,615 3,714
    STATE STREET (SERIES G PREFERRED) 1,812 2,031
    STEELCASE 8,365 7,595
    STERICYCLE 19,440 23,677
    STERIS 30,978 68,398
    STIFEL FINANCIAL 5,032 10,281
    STIFEL FINANCIAL (CLASS C PREFERRED) 3,614 3,744
    STMICROELECTRONICS 7,986 9,874
    STORE CAPITAL 87,233 103,200
    STRAUMANN HOLDING 17,346 30,348
    STRYKER 31,806 39,846
    SUMITOMO MITSUI FINANCIAL GROUP 11,234 10,633
    SUMMIT MATERIALS 4,987 9,353
    SUN COMMUNITIES 24,115 41,154
    SUNCOR ENERGY 11,032 11,088
    SUZUKI MOTOR 9,531 8,013
    SVB FINANCIAL GROUP (SERIES A PREFERRED) 1,625 1,881
    SWITCH 9,428 10,826
    SYNOVUS FINANCIAL (SERIES E PREFERRED) 3,193 3,942
    SYSCO 16,908 19,559
    T ROWE PRICE GROUP 7,089 11,602
    TAIWAN SEMICONDUCTOR MFG 284,856 465,961
    TAKE TWO INTERACTIVE SOFTWARE 12,653 21,326
    TARGET 1,094,824 1,623,552
    TASKUS 2,291 1,727
    TE CONNECTIVITY 25,010 31,300
    TECHTRONIC IND 19,560 26,341
    TELEDYNE TECH 20,939 34,951
    TELEFLEX 30,577 37,118
    TELENOR 10,820 9,141
    TELEPERFORMANCE 16,530 24,941
    TEMENOS 12,449 12,089
    TENNESSEE VALLEY AUTHORITY (PREFERRED) 52,924 51,300
    TESCO 14,069 15,932
    TESLA 499,450 1,088,483
    TETRA TECH 1,772 3,226
    TEXAS INSTRUMENTS 1,190,732 1,542,815
    THE AARONS COMPANY 7,044 9,121
    THE ALLSTATE CORP (SERIES I PREFERRED) 3,462 3,689
    THE ENSIGN GROUP 8,897 12,594
    THE HARTORD FINANCIAL (SERIES G PREFERRED) 3,634 3,661
    THE SCOTTS MIRACLE-GRO COMPANY 7,363 13,846
    THERMO FISHER SCIENTIFIC 74,574 140,788
    THOMPSON REUTERS 17,472 25,479
    TIMKEN 7,695 13,234
    TINGYI CAYMAN ISLANDS HOLDINGS CO 7,511 8,301
    TJX COMPANIES 222,690 294,342
    T-MOBILE US 18,176 18,093
    TOKYO ELECTRON 6,133 10,649
    TORONTO DOM BK 65,545 76,680
    TOTALENERGIES 6,222 6,677
    TRACTOR SUPPLY CO 5,381 10,976
    TRADE DESK 81,005 120,782
    TRANE TECHNOLOGIES 3,036 5,657
    TRANSDIGM GROUP 61,135 92,897
    TRANSUNION 31,552 44,230
    TREX COMPANY 5,378 7,022
    TRIMBLE 4,201 6,190
    TRUIST FINANCIAL 44,560 51,407
    TRUIST FINANCIAL (SERIES O PREFERRED) 5,674 5,889
    TRUIST FINANCIAL (SERIES R PREFERRED) 8,057 8,137
    TRUSTMARK 5,437 5,843
    TWILIO 122,756 106,389
    TWITTER 41,468 37,040
    TYLER TECHNOLOGIES 30,222 38,194
    TYSON FOODS 57,159 65,631
    U S BANCORP 46,314 62,854
    U S BANCORP (SERIES B PREFERRED) 6,888 7,818
    U S BANCORP (SERIES F PREFERRED) 5,995 5,575
    U S BANCORP (SERIES K PREFERRED) 5,986 5,967
    U S BANCORP (SERIES L PREFERRED) 3,794 3,762
    U S BANCORP (SERIES M PREFERRED) 1,868 1,891
    U S PHYSICAL THERAPY 2,495 2,675
    UBER TECHNOLOGIES 222,454 188,098
    UBS 8.5% CONTINGENT AUTOCALL CVS 50,000 50,450
    UFP INDUSTRIES 9,431 11,869
    UGI 6,021 8,677
    ULTRAGENYX PHARMACEUTICAL 4,717 4,036
    UNIFIRST 7,862 8,206
    UNILEVER PLC 70,813 83,805
    UNION PACIFIC 43,216 101,528
    UNITED BANKSHARES 9,888 9,941
    UNITED FIRE GROUP 5,500 3,200
    UNITED PARCEL SERVICE 63,071 91,523
    UNITEDHEALTH GROUP 1,038,242 1,968,891
    UNITY SOFTWARE 10,593 13,727
    UNIVERSAL DISPLAY 8,427 7,921
    UNIVERSAL MUSIC GROUP 3,797 3,433
    V F 5,477 5,272
    VAIL RESORTS 13,543 19,346
    VALE 17,916 16,642
    VALERO ENERGY 4,369 4,582
    VARONIS SYSTEMS 2,030 1,512
    VEEVA SYS 14,407 13,540
    VENTAS 43,442 40,794
    VERICEL 5,484 3,773
    VERISIGN 15,308 22,336
    VERISK ANALYITICS 91,515 158,510
    VERIZON COMMUNICATIONS 1,111,522 1,088,822
    VERTEX PHARMACEUTICALS 32,523 33,599
    VESTAS WIND SYSTEMS 11,347 11,757
    VIBRA ENERGIA 6,032 5,791
    VISA 1,494,681 2,330,499
    VMWARE 38,804 50,987
    VODACOM GROUP 4,386 4,598
    VOLKSWAGEN (PREFERRED) 12,354 11,666
    VORNADO REALTY TRUST (SERIES M PREFERRED) 5,223 5,572
    VOYA FINANCIAL (SERIES B PREFERRED) 5,476 6,024
    VULCAN MATERIALS 20,700 33,213
    WALGREENS BOOTS ALLIANCE 15,502 15,022
    WALMART 44,849 51,220
    WALT DISNEY COMPANY HOLDING 370,787 356,557
    WAYFAIR 12,158 7,219
    WEBSTER FINANCIAL (SERIES F PREFERRED) 106,378 108,474
    WEC ENERGY GROUP 13,761 18,443
    WEICHAI POWER 8,697 11,638
    WELLS FARGO & CO (SERIES Q PREFERRED) 3,599 3,858
    WELLS FARGO & CO (SERIES R PREFERRED) 9,492 9,633
    WELLS FARGO & CO (SERIES Y PREFERRED) 3,762 3,769
    WELLS FARGO & CO (SERIES Z PREFERRED) 1,605 1,914
    WELLTOWER 47,553 56,522
    WEST PHARMACEUTICAL SERVICES 12,194 25,796
    WHITE MOUNTAIN GROUP BERMUDA 55,800 63,876
    WILLIAMS SONOMA 6,807 17,928
    WILLIS TOWERS WATSON PUB 76,039 118,745
    WINGSTOP 10,345 12,614
    WIX.COM 19,514 18,304
    WOLTERS KLUWER 7,468 12,641
    WOLVERINE WORLD WIDE 8,202 8,787
    WORKDAY 71,282 82,500
    WORLDLINE 16,587 10,808
    XCEL ENERGY 9,050 11,035
    XYLEM 837,225 1,110,819
    ZEBRA TECH 8,104 22,618
    ZILLOW GROUP 10,157 5,491
    ZIMMER BIOMET HOLDINGS 5,058 4,319
    ZOETIS 74,699 159,352
    ZOOM VIDEO COMMUNICATIONS 16,356 9,563
    ZOOMINFO TECHNOLOGIES 47,266 46,930

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    US Government Securities - End of Year Book Value:

    862,553
    US Government Securities - End of Year Fair Market Value:

    899,352
    State & Local Government Securities - End of Year Book Value:


    13,468,250
    State & Local Government Securities - End of Year Fair Market Value:


    13,396,144


    TY 2021 InvestmentsOtherSchedule2
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AAM/HIMCO SHORT DURATION FUND AT COST 2,301,243 2,301,031
    ACAP STRATEGIC INTERVAL AT COST 534,876 578,725
    AIP ALT LENDING PLACEMENT ESC AT COST 500,000 500,000
    ALGER SMALL CAP FOCUS AT COST 223,567 197,089
    AMG GW&K SMALL CAP CORE FUND AT COST 399,766 556,982
    ANGEL OAK MULTI STRATEGY INCOME FUND AT COST 538,087 541,692
    BLACKROCK INFLAT PROT BOND AT COST 641,664 641,664
    BLACKROCK NATIONAL MUNICIPAL FUND AT COST 829,046 832,708
    BROWN ADVISORY SMALL CAP GROWTH FUND AT COST 129,003 172,701
    COHEN & STEERS REALTY SHARES FUND AT COST 125,603 156,447
    FIRST TRUST SMALL CAP CORE ETF AT COST 161,736 174,711
    GLOBAL X LITHIUM & BATTERY TECH ETF AT COST 421,670 548,860
    GOLDMAN SACHS EMERGING MARKETS EQUITY AT COST 391,524 436,026
    GRIFFIN INSTITUTIONAL ACCESS REAL ESTATE FUND AT COST 416,363 476,535
    INVESCO MUNICIPAL TRUST AT COST 396,000 402,900
    INVESCO NATIONAL AMT-FREE MUNI BOND ETF AT COST 562,118 569,310
    INVESCO SENIOR FLOATING RATE FUND AT COST 30,855 30,855
    ISHARES 0-5 YEAR INVESTMENT GRADE ETF AT COST 374,229 378,791
    ISHARES CORE INTERNATIONAL STOCK ETF AT COST 312,239 315,399
    ISHARES CORE S&P 500 ETF AT COST 79,249 95,398
    ISHARES CORE S&P MID-CAP ETF AT COST 36,864 40,197
    ISHARES CORE S&P SMALL-CAP ETF AT COST 662,542 701,030
    ISHARES CORE S&P TOTAL US STOCK AT COST 511,966 601,870
    ISHARES CORE S&P US VALUE AT COST 545,707 746,453
    ISHARES CORE US AGGREGATE BOND ETF AT COST 524,434 536,176
    ISHARES EUROPE ETF AT COST 270,693 293,053
    ISHARES IBOXX INVESTMENT GRADE CORP BOND ETF AT COST 556,848 649,348
    ISHARES INC MSCI JAPAN ETF AT COST 171,003 164,588
    ISHARES MSCI INDIA ETF AT COST 105,256 114,600
    ISHARES RUSSELL 2000 SMALL-CAP ETF AT COST 1,419,171 1,451,486
    ISHARES RUSSELL MID-CAP VALUE ETF AT COST 48,387 48,462
    ISHARES SILVER SHARES AT COST 127,043 118,972
    JANUS HENDERSON INTERNATIONAL OPPORTUNITIES FUND AT COST 41,523 41,646
    LAZARD EMERGING MARKETS CORE EQUITY PORTFOLIO AT COST 67,659 59,087
    LOOMIS SAYLES STRATEGIC INCOME FUND AT COST 36,558 36,558
    LORD ABBETT BOND DEBENTURE FUND AT COST 317,907 340,350
    LORD ABBETT INTERMEDIATE TAX FREE FUND AT COST 208,694 209,962
    LORD ABBETT NATIONAL TAX FREE FUND AT COST 1,273,852 1,291,944
    MATTHEWS JAPAN FUND AT COST 55,004 55,004
    MFIS INTERNATIONAL OPPORTUNITY PORTFOLIO AT COST 224,130 338,537
    MFS INTERNATIONAL INTRINSIC VALUE FUND AT COST 866,325 1,104,110
    MFS MID CAP GROWTH FUND AT COST 43,838 43,823
    MFS VALUE FUND AT COST 94,340 104,529
    MS DIRECT LENDING FUND AT COST 727,855 723,452
    NUVEEN HIGH YIELD MUNICIPAL BOND FUND AT COST 134,488 139,157
    NUVEEN SHORT DURATION HIGH YIELD MUNI FUND AT COST 156,833 161,084
    ORBIMED ISRAEL PARTNERS II AT COST 149,650 218,511
    PIMCO DYNAMIC INCOME OPPORTUNITIES FUND AT COST 400,046 391,200
    PIMCO INCOME FUND I2 AT COST 59,242 59,242
    PIMCO INVESTMENT GRADE CORPORATE BOND FUND AT COST 443,483 457,478
    PIMCO TOTAL RETURN ACTIVE ETF AT COST 784,264 787,752
    PORTFOLIO ADVISORS SECONDARY FUND II LP AT COST 104,157 46,268
    PRINCIPAL GLOBAL DIVERSIFIED INCOME FUND AT COST 437,001 448,886
    PRINCIPAL GLOBAL REAL ESTATE SECURITIES FUND AT COST 46,130 46,257
    PRINCIPAL MIDCAP FUND AT COST 81,770 90,947
    PRINCIPAL SPECTRUM PREFERRED AND CAPITAL SECURITIES INCOME FUND AT COST 580,743 580,025
    SHENKMAN CAPITAL SHORT DURATION HIGH INCOME FUND AT COST 515,104 515,604
    SPDR GOLD TR GOLD SHS AT COST 914,129 1,057,900
    SPDR S&P 400 MID-CAP ETF AT COST 1,185,800 1,294,200
    SPDR S&P BANK ETF AT COST 51,475 54,560
    SPROTT PLATINUM/PALLADIUM ETF AT COST 74,380 55,760
    STARWOOD REAL ESTATE INCOME AT COST 222,647 268,466
    T ROWE PRICE INTERNATIONAL BOND FUND AT COST 95,069 91,348
    TRANSAMERICA INTERMEDIATE MUNI AT COST 162,665 164,158
    UTILITIES SELECT SECTOR SPDR FUND AT COST 14,266 14,316
    VANGUARD FTSE EMERGING MARKETS AT COST 64,486 61,825
    VANGUARD GROWTH ETF AT COST 154,686 195,428
    VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF AT COST 955,565 994,387
    VANGUARD LONG-TERM CORPORATE BOND ETF AT COST 1,128,937 1,248,912
    VANGUARD REAL ESTATE INDEX ETF AT COST 1,114,056 1,634,929
    VANGUARD SHORT-TERM TAX-EXEMPT FUND AT COST 95,455 95,280
    VANGUARD TOTAL BOND MARKET ETF AT COST 785,030 827,753
    VANGUARD TOTAL STOCK MARKET ETF AT COST 327,165 362,160
    VIRTUS VONTOBEL EMERGING MARKETS OPPORTUNITIES FUND AT COST 28,147 28,294
    WESTERN ASSET MANAGED MUNICIPALS FUND AT COST 395,268 398,280
    WISDOMTREE EUROPE SMALL CAP DIVIDEND FUD AT COST 36,868 36,957

    TY 2021 LegalFeesSchedule
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL - MIZELL LAW FIRM PA 125 0   125


    TY 2021 OtherDecreasesSchedule
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Description Amount
    STOCK CONTRIBUTED - FMV > BASIS 14,082,479


    TY 2021 OtherExpensesSchedule
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 2,348 2,348   0
    BANK CHARGES 1,848 0   1,848
    OFFICE SUPPLIES & POSTAGE 531 0   531
    PORTFOLIO DEDUCTIONS FROM K-1'S 17,807 17,807   0
    PORTFOLIO DEDUCTIONS ON INVESTMENTS 8,081 8,081   0
    TELEPHONE (VERIZON) 827 0   827


    TY 2021 OtherIncomeSchedule2
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CYRPRESS CREEK PRIVATE STRATEGIES REGISTERED FUND LP -397 -578  
    MORGAN STANLEY SMITH BARNEY #028917 - OTHER INCOME 33,812 33,812  
    ORBIMED ISRAEL II LP -196 -196  
    PORTFOLIO ADVISORS SECONDARY FUND II LP -783 -778  


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES - ABBOT DOWNING 3,801 3,801   0
    MANAGEMENT FEES - CHARLOTTE STATE BANK 286,817 286,817   0
    MANAGEMENT FEES - MORGAN STANLEY SMITH BARNEY 272,557 272,557   0
    MARSHA FERRELL 60,000 0   60,000


    TY 2021 TaxesSchedule
    Name:
    TWO EAGLES FOUNDATION INC
    EIN:
    83-0399899
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 70,000 0   0
    FOREIGN TAX PAID FROM K-1'S 787 787   0
    FOREIGN TAX PAID ON INVESTMENTS 11,021 11,021   0