Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 12-01-2020 , and ending 11-30-2021
Name of foundation
VICTOR F BRAUN FOUNDATION INC
COLE BRAUN C/O
Number and street (or P.O. box number if mail is not delivered to street address)N75 W277614 SUMMERSTONE ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HARTLAND, WI53029
A Employer identification number

39-6043684
B Telephone number (see instructions)

(262) 474-4007
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$5,403,426J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 17 17  
4 Dividends and interest from securities... 74,215 74,215  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 884,183
b Gross sales price for all assets on line 6a 4,519,063
7 Capital gain net income (from Part IV, line 2)... 884,183
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 958,415 958,415 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 695 695 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 63,657 63,657 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 64,352 64,352 0 0
25 Contributions, gifts, grants paid....... 285,000 285,000
26 Total expenses and disbursements. Add lines 24 and 25 349,352 64,352 0 285,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 609,063
b Net investment income (if negative, enter -0-) 894,063
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 202,532 143,382 143,382
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,777,989 Click to see attachment2,541,598 3,193,665
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 Click to see attachment1,904,604 2,066,379
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) 3,980,521 4,589,584 5,403,426
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 3,980,521 4,589,584
29 Total net assets or fund balances (see instructions)..... 3,980,521 4,589,584
30 Total liabilities and net assets/fund balances (see instructions). 3,980,521 4,589,584
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
3,980,521
2
Enter amount from Part I, line 27a .....................
2
609,063
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,589,584
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,589,584
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a MERRILL LYNCH #2319-SHORT TERM P    
b MERRILL LYNCH #2319-LONG TERM P    
c CAPITAL GAINS DIVIDENDS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,840,933   1,523,429 317,504
b 2,666,398   2,111,451 554,947
c 11,732     11,732
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       317,504
b       554,947
c       11,732
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 884,183
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 3 317,504
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 12,427
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 12,427
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 12,427
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 284
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 12,711
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletCOLE M BRAUN Telephone no.bullet (262) 474-4007

    Located atbulletN75 W27761 SUMMERSTONE ROADHARTLANDWI ZIP+4bullet53029
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    COLE M BRAUN PRESIDENT
    1.00     		0 0 0
    N75 W27761 SUMMERSTONE ROAD
    HARTLAND,WI53029
    JEFFREY V BRAUN VICE PRESIDENT
    1.00     		0 0 0
    602 COUNTY ROAD 672
    OVALO,TX79541
    JENNIFER C BRAUN SECRETARY/DIRECTOR
    1.00     		0 0 0
    N75 W27761 SUMMERSTONE ROAD
    HARTLAND,WI53029
    DIANE BRAUN TREASURER/DIRECTOR
    1.00     		0 0 0
    602 COUNTY ROAD 672
    OVALO,TX79541
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,114,226
    b
    Average of monthly cash balances.......................
    1b
    142,181
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,256,407
    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
    5,256,407
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    78,846
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,177,561
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    258,878
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    258,878
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    12,427
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    12,427
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    246,451
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    246,451
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    246,451
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    285,000
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    285,000
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    285,000
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 246,451
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016...... 96,560
    c From 2017......  
    d From 2018...... 29,175
    e From 2019......  
    fTotal of lines 3a through e........ 125,735
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 285,000
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 246,451
    e Remaining amount distributed out of corpus 38,549
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 164,284
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		164,284
    10 Analysis of line 9:
    a Excess from 2016.... 96,560
    b Excess from 2017....  
    c Excess from 2018.... 29,175
    d Excess from 2019....  
    e Excess from 2020.... 38,549
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BEN RICHEY BOYS RANCH
    501 BEN RICHEY DR
    ABILENE,TX79602     		NONE PC OPERATING GRANT TO ASSIST THE RANCH WITH THEIR MISSION 160,000
    MOUNT CALVARY COMMUNITY DEVELOPMENT CORPORATION
    2862 NORTH 53RD STREET
    MILWAUKEE,WI53210     		NONE PC PROMOTE HEALTH THROUGH URBAN FARMING AND GARDENING 5,000
    ST PAULS LUTHERAN SCHOOL OCONOMOWOC
    210 E PLEASANT ST
    OCONOMOWOC,WI53066     		NONE PC SUPPORT OF LUTHERAN SECONDARY EDUCATION 5,000
    ASSOCIATION OF LUTHERAN SECONDARY SCHOOL
    15 SICADA STREET
    SARATOGA SPRINGS,NY12866     		NONE PC SUPPORT OF LUTHERAN SECONDARY EDUCATION 20,000
    LUTHERAN HIGH SCHOOL ASSOCIATION OF GREATER MILWAUKEE
    10427 W LINCOLN AVE SUITE 1300
    WEST ALLIS,WI53227     		NONE PC SUPPORT OF LUTHERAN SECONDARY EDUCATION 92,500
    MACC FUND
    10000 W INNOVATION DR SUITE 135
    WAUWATOSA,WI53226     		NONE PC SUPPORT OF CHILDHOOD CANCER RESEARCH AND SUPPORT 2,500
    Total .................................bullet 3a 285,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 17  
    4 Dividends and interest from securities....     14 74,215  
    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 ............     		    18 884,183  
    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).. 0 958,415 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    958,415
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    VICTOR F BRAUN FOUNDATION INC
     
    COLE BRAUN C/O
    EIN:
    39-6043684
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBEY CAPITAL FUTURES 20,961 22,922
    AQR DIVERSIFIED 37,498 38,025
    BLACKROCK EVENT DRIVEN 37,550 36,839
    BLACKROCK GLOBAL LONG 12,313 12,356
    BLACKROCK HI YLD BD 15,065 14,930
    BRANDYWINEGLBL GLBL 12,555 12,265
    COMM SERVICES SELECT 226,447 317,685
    CONSUMER DISCRETIONARY 233,334 338,144
    DELAWARE CORPORATE BOND 49,522 47,392
    GOTHAM ABSOLUTE RETURN 33,105 39,844
    HEALTH CARE SELECT SPDF 247,492 332,368
    ISHARES DOWJONES US FINL 105,515 106,983
    J P MORGAN EXCHANGE ETF 149,214 148,583
    JOHN HANCOCK SEAPORT 37,221 38,305
    LORD ABBETT BOND 149,197 147,966
    NEUBERGER BERMAN LONG 36,245 38,586
    PGIM SHORT TERM 22,823 22,284
    PIMCO INTERNATIONAL BOND 36,165 35,251
    PUTNAM ULTRA SHORT 57,267 57,154
    SECTOR SPDR ENERGY 41,382 52,952
    SECTOR SPDR INDUSTRIAL 90,259 107,119
    SELECT SECTOR SPDR TR 401,256 629,832
    SPDR US FINANCIAL SECTOR 216,249 323,381
    T ROWE PRICE US TREASURY 30,141 29,357
    TCW TOTAL RETURN 231,967 230,795
    WESTERN ASSET MACRO 10,855 12,347

    TY 2020 InvestmentsOtherSchedule2
    Name:
    VICTOR F BRAUN FOUNDATION INC
     
    COLE BRAUN C/O
    EIN:
    39-6043684
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACCO BRANDS CORP AT COST 2,800 2,643
    ADIDAS AG SPONSORED ADR AT COST 2,768 2,314
    ADOBE INC AT COST 26,784 38,181
    ADYEN N.V. SHS ADR AT COST 3,663 4,442
    AIA GROUP LTD AT COST 17,410 13,438
    AIR LEASE CORP CL A AT COST 2,615 2,395
    AIRBNB INC CL A AT COST 8,358 9,490
    AIRBUS SE AT COST 7,419 7,425
    ALAMO GROUP INC AT COST 3,533 3,271
    ALCON SA ACT NOM AT COST 3,670 3,920
    ALIBABA GROUP HOLDING LT AT COST 4,554 2,168
    ALIGN TECH INC DEL COM AT COST 15,877 17,123
    ALLETE INC NEW AT COST 3,895 3,342
    ALNYLAM PHARMACEUTICALS AT COST 2,227 2,389
    ALPHABET INC SHS CL C AT COST 26,580 39,887
    ALTO INGREDIENTS INC AT COST 1,674 1,250
    AMADEUS IT GROUP SA AT COST 2,353 2,180
    AMAZON COM INC COM AT COST 36,033 38,578
    AMERICA MOVIL SAB DE CV AT COST 1,083 1,324
    AMERICAN TOWER REIT INC AT COST 18,508 21,786
    ANHEAUSER-BUSCH INBEV ADR AT COST 2,825 2,173
    API GROUP CORP REG SHS AT COST 6,776 8,042
    APOLLO COML REAL ESTATE AT COST 2,481 2,855
    APOLLO INVT CORP REG SHS AT COST 2,010 2,180
    ASML HLDG NV NY REG SHS AT COST 27,304 39,576
    ASSOCIATED BANC CRP .01 AT COST 3,423 3,767
    ASTRAZENECA PLC SPND ADR AT COST 4,386 4,606
    ATI PHYSICAL THERAPY INC AT COST 825 312
    ATKORE INC AT COST 4,474 8,840
    ATLASSIAN CORP PLC AT COST 2,371 2,258
    AVIENT CORPORATION AT COST 11,180 14,413
    BABCOCK AND WILCOX AT COST 1,464 2,020
    BALLY'S CORPORATION AT COST 1,754 1,227
    BARCLAYS PLC ADR AT COST 2,981 3,722
    BARRATT DEVELOPMENT-UNS AT COST 2,727 2,337
    BEIGENE LTD AT COST 1,093 1,043
    BELDEN INC AT COST 4,171 5,304
    BERRY COPROATION (BRY) AT COST 853 1,530
    BILIBILI INC ADS REPSTG AT COST 3,532 1,980
    BILL COM HLDGS INC AT COST 13,583 13,762
    BIONTECH SE ADR AT COST 1,921 2,462
    BOSTON SCIENTIFIC CORP AT COST 8,211 8,528
    BRITISH AMN TOBACO SPADR AT COST 1,933 1,716
    BROOKFIELD ASSET MGMT AT COST 2,947 4,213
    CANADIAN NATURAL RES LTD AT COST 5,279 8,286
    CARVANA CO CL A AT COST 11,061 10,656
    CBIZ INC AT COST 4,300 5,549
    CELLNEX TELECOM SAU-UNSP AT COST 3,266 3,159
    CENOVUS ENERGY INC AT COST 1,549 2,953
    CENT GARDEN AND PET CO AT COST 3,509 3,815
    CENTRAL GRDEN & PET CO AT COST 3,349 3,854
    CHINA GAS HOLDINGS LTD AT COST 3,011 1,333
    CHUGAI PHARMA CO ADR AT COST 5,499 3,306
    CLOUDFLARE INC REG SHS AT COST 16,209 38,589
    CNO FINL GROUP INC AT COST 1,119 1,042
    COINBASE GLOBAL INC REG AT COST 5,931 6,615
    COLUMBUS MCKINNON CP N.Y AT COST 4,007 3,731
    COMMERZBANK AG-SPONS ADR AT COST 1,258 1,248
    COMPASS MINERALS INTL AT COST 3,590 2,773
    CONCENTRIX CORP REG SHS AT COST 2,711 3,818
    COSTCO WHOLESALE CRP DEL AT COST 11,191 16,721
    CROWDSTRIKE HLDGS INC AT COST 8,174 7,383
    CSL LTD SHS ADR AT COST 4,117 4,267
    CSW INDUSTRIALS INC SHS AT COST 9,602 9,135
    CUSTOM TRUCK ONE SOURCE AT COST 3,627 3,331
    CVB FINCL CORP COM AT COST 3,326 2,981
    DAIICHI SANKYO CO LTD AT COST 11,139 7,914
    DALLASNEWS CORP REG SHS AT COST 530 451
    DATADOG INC REG SHS CL A AT COST 10,746 18,899
    DBS GROUP HLDGS SPN ADR AT COST 3,777 3,736
    DELTA APPAREL CO AT COST 1,476 2,002
    DENBURY INC REG SHS AT COST 1,375 3,583
    DENNYS CORP AT COST 7,153 6,011
    DEUTSCHE BK AG REG SHS AT COST 2,865 3,101
    DEXCOM INC AT COST 15,128 21,941
    DINE BRANDS GLOBAL INC AT COST 6,381 6,177
    DOORDASH INC REG SHS AT COST 24,571 22,883
    DOUGLAS DYNAMICS INC AT COST 6,482 6,122
    DSV A/S AT COST 3,946 5,319
    EAGLE MATERIALS INC AT COST 12,567 16,656
    ECOVYST INC AT COST 3,969 2,747
    EDENRED SA-UNSP AT COST 2,648 2,016
    EDGEWELL PERF CARE CO AT COST 1,707 2,123
    ELEMENT SOLUTIONS INC AT COST 1,470 1,852
    ENEL SOCIETA PER AZIONI AT COST 3,702 2,673
    ENN ENERGY HOLDINGS LTD AT COST 4,519 5,483
    ENNIS INC AT COST 2,250 2,282
    ENSTAR GROUP LTD AT COST 5,897 6,024
    EQT CORP AT COST 1,657 1,574
    EQUINIX INC AT COST 8,779 9,746
    ESSILORLUXOTTICA SA AT COST 3,787 5,024
    EURONET WORLDWIDE INC AT COST 1,406 1,216
    EVOLUTION GAMING GROUP AT COST 2,087 1,677
    EXPERIAN PLV SP ADR AT COST 2,857 3,551
    FASTLY INC REG SHS CL A AT COST 5,356 2,201
    FIRST HAWAIIAN INC SHS AT COST 2,658 2,704
    FLUTTER ENTERTAINMENT AT COST 6,639 4,452
    FORUM ENERGY AT COST 254 317
    FRANCHISE GROUP INC AT COST 2,589 3,677
    FRANKLIN EL CO PV1OCT AT COST 11,233 13,560
    FRESENIUS SE & CO-SPN ADR AT COST 1,275 1,018
    FUTU HOLDINGS LTD SHS AT COST 1,595 427
    GERDAU SA SPONS ADR AT COST 2,364 2,269
    GINKGO BIOWORKS HOLDINGS AT COST 1,777 1,626
    GIVAUDAN SA UNSP ADR AT COST 2,732 3,333
    GRIFFON CORP AT COST 4,035 4,420
    GUARDANT HEALTH INC AT COST 6,736 4,730
    HANCOCK WHITNEY CORP AT COST 3,885 4,730
    HANOVER INS GROUP INC AT COST 6,719 6,696
    HARSCO CORPORATION AT COST 3,076 2,435
    HAWAIIAN ELEC INDS INC AT COST 5,556 6,116
    HDFC BANK LRD ADR AT COST 15,661 13,683
    HEALTH CARE SVCS GROUP AT COST 6,363 3,640
    HEIDELBERGCEMENT AG SHS AT COST 3,102 2,326
    HELEN OF TROY LTD AT COST 11,378 12,025
    HERMES INTERNATINOAL-ADR AT COST 1,690 3,014
    HEXAGON AB ADR AT COST 3,087 3,316
    HILLENBRAND INC AT COST 1,180 1,204
    HILLMAN SOLUTIONS CORP AT COST 4,885 4,888
    HOLLEY INC REG SHS AT COST 5,439 5,800
    HOME DEPOT INC AT COST 11,265 16,425
    HONG KONG EXCHANGES AND AT COST 2,693 2,264
    HOSTESS BRANDS INC AT COST 3,645 4,434
    HOYA CORP ADR AT COST 2,499 3,018
    ICICI BANK LTD SPD ADR AT COST 5,194 6,276
    IHS MARKIT LTD SHS AT COST 10,624 15,083
    ILLUMINA INC COM AT COST 5,212 4,384
    INDUSTRIA DE DISENO AT COST 3,226 3,194
    INFOSYS TECH LTD ADR AT COST 4,293 5,261
    ING GP NV SPSD ADR AT COST 2,496 2,382
    INNOSPEC INC AT COST 15,314 12,911
    INTUITIVE SURGICAL INC AT COST 6,248 7,784
    IQVIA HLDGS INC AT COST 10,706 14,511
    J & J SNACK FOODS CRP AT COST 14,333 12,975
    JACK IN THE BOX INC AT COST 7,218 5,782
    JACKSON FINL INCORP AT COST 2,441 2,944
    JANUS PARENT INC REG SHS AT COST 2,908 3,017
    JD COM INC CL A ADR AT COST 1,587 1,682
    JELD WEN HLDG INC AT COST 1,270 1,139
    JUST EAT TAKEAWAY.COM NV AT COST 2,287 1,371
    KADANT INC AT COST 4,440 6,799
    KBC GROUPE SA SHS AT COST 2,179 1,965
    KERING S A AT COST 4,200 4,796
    KONINKL PHIL NV SH NEW AT COST 2,231 1,442
    KORN FERRY AT COST 4,337 6,474
    KYNDRYL HOLDINGS INCORP AT COST 1,522 1,106
    LIBERTY OILFIELD AT COST 1,385 1,113
    LIGHTSPEED COMM INC REG AT COST 2,021 1,161
    LONDON STK EXCHANGE AT COST 6,106 4,217
    LONZA GROUP AG SHS AT COST 2,806 3,388
    LVMH MOET HENNESSY ADR AT COST 8,776 11,116
    MACQUARIE GROUP LTD SHS AT COST 1,403 1,820
    MAGNOLIA OIL & GAS CORP AT COST 3,897 6,753
    MASTERCARD INC AT COST 15,127 14,171
    MATTHEWS INTL INC CL A AT COST 974 1,075
    MAXIMUS INC AT COST 3,792 3,697
    MAYVILLE ENGR CO INC AT COST 1,017 1,084
    MEITUAN ADR AT COST 4,002 2,855
    MELCO RESORTS AND AT COST 1,883 1,103
    MERCADOLIBRE INC AT COST 11,837 7,130
    MERCK KGAA ADR AT COST 1,555 2,237
    META PLATFORMS INC AT COST 22,641 27,255
    MINERALS TECHNOLOGIES AT COST 1,125 1,116
    MODERNA INC AT COST 2,320 4,582
    MONGODB INC CL A AT COST 4,603 7,472
    MTU AERO ENGINES AG AT COST 1,979 1,494
    MUELLER INDUSTRIES INC AT COST 11,146 16,156
    MYERS INDUSTRIES INC AT COST 3,421 2,980
    M3 INC- UNSP AT COST 4,482 3,308
    NATIONAL WESTERN LIFE AT COST 1,490 1,426
    NATUS MEDICAL INC AT COST 2,703 2,283
    NEENAH INC AT COST 7,479 6,416
    NESTE OYJ AT COST 3,242 2,000
    NESTLE S A REP RG SH ADR AT COST 6,129 6,939
    NETEASE.COM INC ADR AT COST 2,344 2,370
    NETFLIX COM INC AT COST 13,002 14,764
    NETGEAR INC AT COST 2,213 1,524
    NEW MOUNTAIN FINANCE COR AT COST 2,976 3,413
    NEW YORK MORTGE TRST INC AT COST 3,146 2,969
    NEWMARKET CORP AT COST 8,323 6,957
    NICE LTD ADR AT COST 3,613 3,796
    NIDEC CORPORATION ADR AT COST 3,476 2,899
    NIKE INC CL B AT COST 9,719 10,662
    NN INC DELAWARE AT COST 821 592
    NOMAD FOODS LTD SHS AT COST 7,658 7,095
    NORDIC AMERICAN TANKERS AT COST 909 610
    NORTHERN OIL AND GAS INC AT COST 1,173 1,101
    NOVARTIS ADR AT COST 4,844 3,985
    NOVO NORDISK A S ADR AT COST 2,729 4,060
    NVIDIA AT COST 25,356 59,144
    OKTA INC REG SHS CL A AT COST 5,630 4,735
    OLYMPUS CORP ADR AT COST 2,868 3,153
    ORSTED SHS ADR AT COST 3,457 2,225
    OWENS & MINOR INC NEW COM AT COST 5,803 7,360
    PAGSECURO DIGITAL LTD AT COST 4,215 1,840
    PARSONS CORP DEL AT COST 4,632 3,950
    PATTERSON COS INC AT COST 3,763 3,745
    PATTERSON UTI ENERGY INC AT COST 2,621 2,831
    PAYPAL HOLDINGS INC SHS AT COST 26,221 19,783
    PERNOD RICARD SA -SPON AT COST 2,997 3,674
    PERRIGO CO PLC AT COST 3,658 3,010
    PERSHING SQUARE TONTINE AT COST 5,060 3,528
    PETRLEO BRAS VTG SPD ADR AT COST 4,235 4,151
    PING AN INS GROUP CO AT COST 3,012 1,601
    PINTEREST INC REG SHS AT COST 13,611 7,371
    PJSC GAZPROM ADR AT COST 2,597 2,273
    PREMIER INC AT COST 2,119 2,224
    PRESTIGE CONSUMER AT COST 2,698 3,972
    PRIMO WTR CORP NPV AT COST 4,369 4,504
    PROASSURANCE CORP AT COST 2,708 2,944
    PROSUS N V AT COST 3,128 2,127
    QUANEX BUILDING PRODT CO AT COST 5,848 4,958
    RECRUIT HOLDINGS CO. LTD. AT COST 4,734 6,488
    RENASANT CORP AT COST 4,062 3,934
    RENTOKIL INTL SPNSRD ADR AT COST 3,043 3,490
    RIO TINTO PLC SPNSRD ADR AT COST 1,636 1,191
    RIVIAN AUTOMOTIVE INC AT COST 3,115 3,353
    ROBLOX CORP REG SHS CL A AT COST 18,879 30,642
    ROYAL DSM N V SPON ADR AT COST 6,700 8,156
    ROYAL DUTCH SHEL PLC AT COST 4,019 4,458
    RTY PHARMA PLC SHS CL A AT COST 16,630 13,880
    RYANAIR HOLDINGS PLC SHS AT COST 3,625 3,249
    S&P GLOBAL INC AT COST 6,460 9,115
    SAFRAN SA-UNSPON ADR AT COST 4,652 3,711
    SALESFORCE COM INC AT COST 19,636 25,076
    SAP SE SHS AT COST 3,450 3,468
    SBERBANK SPONSORED ADR AT COST 1,037 1,150
    SCHWAB CHARLES CORP NEW AT COST 9,612 12,692
    SCHWEITZER MAUDIT INTL AT COST 5,174 3,588
    SEA LTD AT COST 16,618 20,453
    SERVICENOW INC AT COST 28,129 33,680
    SHIN-ETSU CHEM-UNSPON AT COST 4,638 4,175
    SHISEIDO LTD SPONSRD ADR AT COST 1,110 976
    SHOPIFY INC CL A AT COST 34,986 44,132
    SIKA AG-BR-ADR AT COST 5,672 8,003
    SILGAN HLDGS INC COM AT COST 9,269 10,368
    SIMPSON MFG DEL PV $0.01 AT COST 4,362 4,845
    SMC CORP JAPAN AT COST 3,291 3,242
    SNAP INC CL A AT COST 20,252 18,377
    SNOWFLAKE INC REG SHS AT COST 33,045 41,158
    SOCIETE GENERAL SPN ADR AT COST 2,181 3,292
    SONOVA HOLD AG UNSPOND AT COST 2,919 2,940
    SONY GROUP CORP AT COST 5,970 7,067
    SOUTHSTATE CORP AT COST 4,583 4,532
    SOUTHWESTERN ENERGY CO AT COST 2,941 3,320
    SPECTRUM BRANDS HOLDINGS AT COST 12,420 15,015
    SPLUNK INC AT COST 2,072 1,452
    SPOTIFY TECH S.A. REG AT COST 9,679 6,917
    SQUARE INC SHS CL A AT COST 24,867 22,708
    STEVE MADDEN LTD SHS AT COST 2,311 3,037
    STEWART INFO SVC CRP AT COST 5,764 8,119
    STMICROELECTRONICS NY SH AT COST 2,545 3,058
    STONECO LTD CL A AT COST 2,505 468
    SYNCHRONOSS TECHNOLOGIES AT COST 856 648
    TAIWAN S MANUFCTRING ADR AT COST 17,098 15,464
    TC ENERGY CORP AT COST 2,515 2,674
    TECHNIPFMC PLC REG SHS AT COST 1,566 1,225
    TECHTRONIC INDS SPD ADR AT COST 1,540 2,070
    TENCENT HOLDINGS LTD ADR AT COST 7,885 5,202
    TEVA PHARMACTCL INDS ADR AT COST 2,775 1,898
    TOKYO ELECTRON LTD SHS AT COST 3,279 3,689
    TOOTSIE ROLL INDUST AT COST 1,935 1,981
    TORONTO DOMINION BANK AT COST 3,194 3,891
    TRADE (THE) DESK INC SHS AT COST 27,904 35,473
    TRANSUNION AT COST 11,575 13,788
    TRIMAS CORP AT COST 6,370 6,359
    TUPPERWARE BRANDS CORP AT COST 6,017 3,425
    TWILIO INC CL A AT COST 29,681 23,750
    TWITTER INC AT COST 20,102 17,488
    TWO HARBORS INVT CORP AT COST 6,158 5,668
    UFP INDUSTRIES INC AT COST 1,106 1,249
    ULTA BEAUTY INC AT COST 7,867 10,367
    UMB FINANCIAL CORP AT COST 9,715 13,176
    UNICREDITO SPA ADR AT COST 2,531 3,117
    UNITY SOFTWARE INC AT COST 14,715 21,894
    UTZ BRANDS INC AT COST 2,810 1,792
    VALE SA AT COST 11,874 8,139
    VAREX IMAGING CORP REG AT COST 2,336 3,312
    VEEVA SYS INC CL A AT COST 12,717 12,434
    VIAD CORP AT COST 4,026 4,569
    VISA INC CL A SHRS AT COST 21,094 19,765
    VOLKSWAGEN AG-UNSP AT COST 2,439 1,647
    WASH R E INV TR SBI $.01 AT COST 3,366 3,679
    WASTE CONNECTIONS INC AT COST 8,026 10,379
    WAYFAIR INC AT COST 14,600 12,144
    WERNER ENTERPRISES INC AT COST 4,127 4,331
    WESTWOOD HLDGS GROUP INC AT COST 760 973
    WHITING PETROLEUM CROP AT COST 2,230 4,852
    WORLDLINE SA- UNSP AT COST 2,442 1,414
    WUXI BIOLOGICS CAYMAN AT COST 7,894 7,006
    XP INC AT COST 1,491 1,004
    YANDEX N V CL A AT COST 2,242 2,302
    YUM CHINA HOLDINGS INC AT COST 1,656 1,403
    ZAI LAB LTD ADR AT COST 1,307 693
    ZILLOW GROUP INC SHS AT COST 17,537 7,055
    ZOETIS INC AT COST 14,039 19,095
    ZOOM VIDEO AT COST 25,988 14,376
    1ST CTZNS BNCSHS INC A AT COST 5,260 6,432
    10X GENOMICS INC REG SHS AT COST 9,256 8,099

    TY 2020 OtherExpensesSchedule
    Name:
    VICTOR F BRAUN FOUNDATION INC
     
    COLE BRAUN C/O
    EIN:
    39-6043684
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 63,445 63,445 0 0
    BANK FEES 212 212 0 0


    TY 2020 TaxesSchedule
    Name:
    VICTOR F BRAUN FOUNDATION INC
     
    COLE BRAUN C/O
    EIN:
    39-6043684
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHOLDING 695 695 0 0