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
HANSEN-FURNAS FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)28 SOUTH WATER STREET SUITE 310
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BATAVIA, IL60510
A Employer identification number

36-6049894
B Telephone number (see instructions)

(630) 761-1390
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$1,123,128J 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) 540,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 542 542  
4 Dividends and interest from securities... 25,927 25,189  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,537
b Gross sales price for all assets on line 6a 1,537
7 Capital gain net income (from Part IV, line 2)... 1,537
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 9,621 0  
12 Total. Add lines 1 through 11........ 577,627 27,268  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 5,000 0   5,000
14 Other employee salaries and wages...... 28,651 0   28,651
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 10,900 0   10,900
c Other professional fees (attach schedule).... Click to see attachment 3,267 3,267   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,788 331   2,373
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 7,623 0   7,623
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 11,610 0   11,610
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 69,839 3,598   66,157
25 Contributions, gifts, grants paid....... 510,044 510,044
26 Total expenses and disbursements. Add lines 24 and 25 579,883 3,598   576,201
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,256
b Net investment income (if negative, enter -0-) 23,670
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............. 36,888 31,427 31,427
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)....... 965,811 Click to see attachment1,091,701 1,091,701
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)..........      
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) 1,002,699 1,123,128 1,123,128
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........... 1,002,699 1,123,128
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 1,002,699 1,123,128
30 Total liabilities and net assets/fund balances (see instructions). 1,002,699 1,123,128
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
1,002,699
2
Enter amount from Part I, line 27a .....................
2
-2,256
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
122,685
4
Add lines 1, 2, and 3 ..........................
4
1,123,128
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
1,123,128
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 CAPITAL GAINS DIVIDENDS P    
b
c
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 1,537     1,537
b
c
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       1,537
b
c
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 1,537
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........................... 3 329
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- ..... 5 329
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 551
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.............. 7 551
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 222
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet222 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 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 XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 ofbulletJOANNE B HANSEN Telephone no.bullet (630) 761-1390

    Located atbullet28 SOUTH WATER ST SUITE 310BATAVIAIL ZIP+4bullet60510
    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)
    Yes
     
    (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)
    Yes
     
    (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
     
    No
    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
    JOANNE B HANSEN PRESIDENT
    2.00     		0 0 0
    2S502 HEATON DRIVE
    BATAVIA,IL60510
    NANCY VANCE DIRECTOR
    2.00     		1,000 0 0
    2708 LUSTED LANE
    BATAVIA,IL60510
    RICHARD W HANSEN DIRECTOR
    2.00     		0 0 0
    2S502 HEATON DRIVE
    BATAVIA,IL60510
    KIRSTEN HANSEN BARKLEY DIRECTOR
    2.00     		1,000 0 0
    2938 NORTH LAKEWOOD
    CHICAGO,IL60657
    ROBERT F PETERSON SECRETARY/TREASURER
    2.00     		1,000 0 0
    562 CARRIAGE DRIVE
    BATAVIA,IL60510
    LISA HANSEN ASST. SECRETARY/TREASURER
    2.00     		1,000 0 0
    720 LARRABEE UNIT G 04
    CHICAGO,IL60610
    SCOTT HANSEN VICE PRESIDENT
    2.00     		1,000 0 0
    928 NORTH EUCLID AVENUE
    OAK PARK,IL60302
    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
    NONE
    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
    1,046,652
    b
    Average of monthly cash balances.......................
    1b
    379,983
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,426,635
    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
    1,426,635
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    270,000
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    1,156,635
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    57,832
    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
    57,832
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    329
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    329
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    57,503
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    9,621
    5
    Add lines 3 and 4............................
    5
    67,124
    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
    67,124
    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 67,124
    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......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020...... 110,771
    f Total of lines 3a through e ........ 110,771
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 576,201
    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..... 67,124
    e Remaining amount distributed out of corpus 509,077
    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 5 619,848
    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) .......     		540,000
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		79,848
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021.... 79,848
    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 e-mail address of the person to whom applications should be addressed:
    SCHOLARSHIP COMMITTEE HANSEN-FURNAS
    28 S WATER STREET SUITE 310
    BATAVIA,IL60510
    (630) 761-1390
    bThe form in which applications should be submitted and information and materials they should include:
    AVAILABLE UPON REQUEST
    cAny submission deadlines:
    APPLICATION FORM AND TRANSCRIPT DUE INTO FOUNDATION OFFICE BY 5:00 P.M. MARCH 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SCHOLARSHIPS WILL BE GIVEN ONLY FOR FULL TIME UNDERGRADUATE STUDIES AT AN ACCREDITED COLLEGE OR UNIVERSITY. ONE POST GRADUATE SCHOLARSHIP IS AVAILABLE. PERMANENT OR HOME ADDRESS MUST BE WITHIN TWELVE MILES OF THE BATAVIA GOVERNMENT CENTER, BATAVIA, IL OR IN CLARKE COUNTY IOWA.
    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
    AURORA UNIVERSITY
    347 S GLADSTONE AVENUE
    AURORA,IL60510     		NONE PC SCHOLARSHIPS 6,700
    AURORA UNIVERSITY
    347 S GLADSTONE AVENUE
    AURORA,IL60510     		NONE PC GENERAL 5,000
    BATAVIA CHAMBER OF COMMERCE
    106 W WILSON ST STE 15
    BATAVIA,IL60510     		NONE PC PREFERRED CHARITIES 200
    BATAVIA COMM BAND
    1201 MAIN STREET
    BATAVIA,IL60510     		NONE PC PREFERRED CHARITIES 500
    BATAVIA FIREWORKS FUND
    100 N ISLAND AVE
    BATAVIA,IL60510     		NONE PC PREFERRED CHARITIES 500
    BATAVIA FOOD PANTRY
    100 FLINN ST
    BATAVIA,IL60510     		NONE PC GENERAL 1,500
    BATAVIA FOUNDATION
    PO BOX 1003
    BATAVIA,IL60510     		NONE PC PREFERRED CHARITIES 6,000
    BATAVIA HISTORICAL SOCIETY
    155 HOUSTON ST
    BATAVIA,IL60510     		NONE PC PREFERRED CHARITIES 5,000
    BATAVIA LIBRARY
    10 S BATAVIA AVE
    BATAVIA,IL60510     		NONE PC GENERAL 500
    BATAVIA RSVP MAP PROGRAM
    100 N ISLAND AVENUE
    BATAVIA,IL60510     		NONE PC DRUG PROGRAM 2,000
    BATAVIA UNITED METHODIST CHURCH
    8 N BATAVIA AVE
    BATAVIA,IL60510     		NONE PC PREFERRED CHARITIES 2,000
    BAYLOR UNIVERSITY
    1311 S 5TH STREET
    WACO,TX76706     		NONE PC SCHOLARSHIPS 3,800
    BELMONT UNIVERSITY
    1900 BELMONT BOULEVARD
    NASHVILLE,TN37212     		NONE PC SCHOLARSHIPS 6,600
    BENEDICTINE
    1415 W 22ND ST STE 500
    OAKBROOK,IL60523     		NONE PC SCHOLARSHIPS 3,600
    BENEDICTINE - KANSAS
    1020 NORTH 2ND STREET
    ATCHISON,KS66002     		NONE PC SCHOLARSHIPS 5,900
    BETA THETA CHAPTER OF DELTA KAPPA GAMMA
    416 W 12TH ST
    AUSTIN,TX78701     		NONE PC GENERAL 500
    BETHEL UNIVERSITY
    1001 BETHEL CIRCLE
    MISHAWAKA,IN46545     		NONE PC SCHOLARSHIPS 3,600
    BIG ROCK LIBRARY
    HINCKLEY RD
    BIG ROCK,IL60511     		NONE PC PREFERRED CHARITIES 3,000
    BRADLEY
    1501 W BRADLEY AVENUE
    PEORIA,IL61625     		NONE PC SCHOLARSHIPS 3,100
    BRIGHAM YOUNG UNIVERSITY
    A-41 ASB
    PROVO,UT84602     		NONE PC SCHOLARSHIPS 4,850
    BRIGHAM YOUNG UNIVERSITY - IDAHO
    525 S CENTER ST
    REXBURG,ID83460     		NONE PC SCHOLARSHIPS 3,100
    CARTHAGE
    2001 ALFORD PARK DRIVE
    KENOSHA,WI53140     		NONE PC SCHOLARSHIPS 2,600
    CASA KANE COUNTY
    505 N COUNTY FARM ROAD 3RD FLOOR
    SUITE C
    WHEATON,IL60187     		NONE PC GENERAL 25,000
    CENTRAL
    PO BOX 5800
    PELLA,IA50219     		NONE PC SCHOLARSHIPS 2,800
    CREIGHTON
    2500 CALIFORNIA PLAZA
    OMAHA,NE68178     		NONE PC SCHOLARSHIPS 2,800
    DEPAUL COLLEGE PREP
    3633 N CALIFORNIA AVE
    CHICAGO,IL60618     		NONE PC PREFERRED CHARITIES 2,500
    DES MOINES AREA COMMUNITY COLLEGE
    2006 S ANKENY BLVD BLDG 22
    ANKENY,IA50023     		NONE PC SCHOLARSHIPS 1,650
    DRAKE UNIVERSITY
    2507 UNIVERSITY AVE
    DES MOINES,IA50311     		NONE PC SCHOLARSHIPS 2,600
    EASTERN ILLINOIS UNIVERSITY
    600 LINCOLN AVE
    CHARLESTON,IL61920     		NONE PC SCHOLARSHIPS 3,800
    EMORY UNIVERSITY
    201 DOWMAN DR
    ATLANTA,GA30322     		NONE PC SCHOLARSHIPS 2,600
    FINE LINE CENTER
    37W570 BOLCUM RD
    ST CHARLES,IL60175     		NONE PC PREFERRED CHARITIES 500
    FOX VALLEY HANDS OF HOPE
    200 WHITFIELD DRIVE
    GENEVA,IL60134     		NONE PC GENERAL 13,000
    GRACELAND
    1 UNIVERSITY PL
    LAMONI,IA50140     		NONE PC SCHOLARSHIPS 3,100
    GRAND VALLEY STATE
    1 CAMPUS DRIVE
    ALLENDALE,MI49401     		NONE PC SCHOLARSHIPS 2,600
    GRINELL UNIVERSITY
    1115 8TH AVE
    GRINNELL,IA50112     		NONE PC SCHOLARSHIPS 2,600
    HARVARD UNIVERSITY
    114 MT AUBURN STREET
    CAMBRIDGE,MA02138     		NONE PC SCHOLARSHIPS 6,900
    HORSEPOWER THERAPEUTIC
    6N917 IL-25
    SOUTH ELGIN,IL60177     		NONE PC GENERAL 8,000
    ILLINOIS INSTITUTE OF TECH
    10 W 33RD ST PERLSTEIN HALL 206
    CHICAGO,IL60616     		NONE PC SCHOLARSHIPS 3,600
    ILLINOIS STATE UNIVERSITY
    CAMPUS BOX 2320
    NORMAL,IL617902320     		NONE PC SCHOLARSHIPS 5,600
    IMSA FUND FOR ADVANCEMENT OF EDUCATION
    1500 SULLIVAN RD
    AURORA,IL60506     		NONE PC GENERAL 5,000
    IOWA LAKES COMMUNITY COLLEGE
    300 S 18TH STREET
    ESTHERVILLE,IA51334     		NONE PC SCHOLARSHIPS 3,800
    IOWA STATE UNIVERSITY
    0210 BEARDSHEAR HALL
    AMES,IA50011     		NONE PC SCHOLARSHIPS 12,800
    LAZARUS HOUSE
    214 WALNUT ST
    ST CHARLES,IL60174     		NONE PC GENERAL 20,000
    LEWIS UNIVERSITY
    1 UNIVERSITY PKWY
    ROMEOVILLE,IL60446     		NONE PC SCHOLARSHIPS 3,600
    LITERACY VOLUNTEERS OF ILLINOIS
    100 SOUTH STATE STREET SUITE 437
    CHICAGO,IL60603     		NONE PC GENERAL 5,000
    LIVING WELL CANCER RESOURCE CENTER
    442 WILLIAMSBURG AVE
    GENEVA,IL60134     		NONE PC PREFERRED CHARITIES 500
    MAKING KANE COUNTY FIT
    1240 N HIGHLAND AVE STE 24
    AURORA,IL60506     		NONE PC GENERAL 1,000
    MEALS ON WHEELS
    1550 CRYSTAL DRIVE SUITE 1004
    ARLINGTON,VA22202     		NONE PC PREFERRED CHARITIES 1,000
    MILWAUKEE SCHOOL OF ENGINEERING
    1025 N BROADWAY
    MILWAUKEE,WI53202     		NONE PC SCHOLARSHIPS 3,300
    MUTUAL GROUND
    418 OAK AVE
    AURORA,IL60506     		NONE PC GENERAL 20,000
    NATIONAL PARKS
    1110 VERMONT AVE NW SUITE 200
    WASHINGTON,DC20005     		NONE PC PREFERRED CHARITIES 100
    NATURE CONSERVANCY
    8 S MICHIGAN AVE
    CHICAGO,IL60603     		NONE PC PREFERRED CHARITIES 1,000
    NIGHT MINISTRY
    4711 N RAVENSWOOD AVE
    CHICAGO,IL60640     		NONE PC PREFERRED CHARITIES 500
    NORTH CENTRAL COLLEGE
    30 NORTH BRAINARD ST
    NAPERVILLE,IL60540     		NONE PC SCHOLARSHIPS 8,700
    NORTHERN ILLINOIS FOOD BANK
    273 DEARBORN COURT
    GENEVA,IL60134     		NONE PC GENERAL 15,000
    NORTHERN ILLINOIS UNIVERSITY
    SWEN PARSON HALL 245
    DEKALB,IL601152828     		NONE PC SCHOLARSHIPS 8,650
    NORTHWESTERN MEMORIAL FOUNDATION
    541 NORTH FAIRBANKS COURT SUITE 800
    CHICAGO,IL60611     		NONE PC PREFERRED CHARITIES 5,500
    NORTHWESTERN MEMORIAL FOUNDATION
    541 NORTH FAIRBANKS COURT SUITE 800
    CHICAGO,IL60611     		NONE PC GENERAL 10,000
    NORTHWESTERN UNIVERSITY
    633 CLARK STREET
    EVANSTON,IL60208     		NONE PC SCHOLARSHIPS 2,600
    OHIO STATE UNIVERSITY
    281 W LANE AVE
    COLUMBUS,OH43210     		NONE PC SCHOLARSHIPS 3,100
    OMACCS
    285 N STATE ST SUITE 200
    WESTERVILLE,OH43081     		NONE PC SCHOLARSHIPS 1,650
    PRAIRIE RIVERS NETWORK
    1605 S STATE ST SUITE 1
    CHAMPAIGN,IL61820     		NONE PC PREFERRED CHARITIES 1,000
    PURDUE
    475 STADIUM MALL DRIVE SCHLEMAN
    HALL ROOM 305
    WEST LAFAYETTE,IN47907     		NONE PC CARL FURNAS SCHOLARSHIP 28,794
    PURDUE NORTHWEST - CALUMET
    2200 169TH ST
    HAMMOND,IN46323     		NONE PC NARY NURSING SCHOLARSHIP 2,500
    ROSE-HULMAN INSTITUTE OF TECHNOLOGY (WILLIAM & ROSEANN LISMAN MEMORIAL)
    5500 WABASH AVENUE
    TERRE HAUTE,IN47803     		NONE PC SCHOLARSHIPS 15,000
    SIMPSON
    2211 COLLEGE VIEW DR
    REDDING,CA96003     		NONE PC SCHOLARSHIP 10,000
    SOUTHERN ILLINOIS UNIVERSITY
    1263 LINCOLN DRIVE
    CARBONDALE,IL62901     		NONE PC SCHOLARSHIPS 3,100
    SOUTHWESTERN COMMUNITY COLLEGE
    1501 W TOWNLINE ST
    CRESTON,IA50801     		NONE PC SCHOLARSHIPS 2,600
    ST LOUIS UNIVERSITY
    ONE GRAND BOULEVARD
    ST LOUIS,MO631032907     		NONE PC SCHOLARSHIPS 15,600
    SUICIDE PREVENTION SERVICES
    528 S BATAVIA AVE 1
    BATAVIA,IL60510     		NONE PC GENERAL 32,000
    TAYLOR UNIVERSITY
    236 W READE AVE
    UPLAND,IN46989     		NONE PC SCHOLARSHIPS 3,800
    TRI CITY HEALTH PARTNERSHIP
    318 WALNUT ST
    ST CHARLES,IL60174     		NONE PC GENERAL 15,000
    TRI-CITY FAMILY SERVICES
    1120 RANDALL CT
    GENEVA,IL60134     		NONE PC GENERAL 10,000
    UNC CHAPEL HILL
    UNIVERSITY OF NORTH CAROLINA
    CHAPEL HILL,NC275992200     		NONE PC SCHOLARSHIPS 1,800
    UNIVERSITY OF ALABAMA
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		NONE PC SCHOLARSHIPS 3,300
    UNIVERSITY OF ARIZONA
    THE UNIVERSITY OF ARIZONA
    TUSCON,AZ85721     		NONE PC SCHOLARSHIPS 3,300
    UNIVERSITY OF COLORADO - BOULDER
    UNIVERSITY OF COLORADO AT BOULDER
    BOULDER,CO80309     		NONE PC SCHOLARSHIPS 1,550
    UNIVERSITY OF COLORADO - COLORADO SPRINGS
    1420 AUSTIN BLUFFS PKWY
    COLORADO SPRINGS,CO80918     		NONE PC SCHOLARSHIPS 1,550
    UNIVERSITY OF ILLINOIS CHICAGO
    1200 W HARRISON ST
    AURORA,IL60607     		NONE PC SCHOLARSHIPS 6,900
    UNIVERSITY OF ILLINOIS SPRINGFIELD
    ONE UNIVERSITY PLAZA
    SPRINGFIELD,IL62703     		NONE PC SCHOLARSHIPS 1,550
    UNIVERSITY OF ILLINOIS URBANA
    620 E JOHN ST
    CHAMPAIGN,IL61820     		NONE PC SCHOLARSHIPS 11,150
    UNIVERSITY OF IOWA
    UNIVERSITY OF IOWA
    IOWA CITY,IA52242     		NONE PC SCHOLARSHIPS 2,600
    UNIVERSITY OF KENTUCKY
    UNIVERSITY OF KENTUCKY
    LEXINGTON,KY40506     		NONE PC SCHOLARSHIPS 2,800
    UNIVERSITY OF NEBRASKA
    1400 R ST
    LINCOLN,NE68588     		NONE PC SCHOLARSHIPS 3,100
    UNIVERSITY OF NORTH CAROLINA
    UNIVERSITY OF NORTH CAROLINA
    CHAPEL HILL,NC275992200     		NONE PC SCHOLARSHIPS 1,800
    UNIVERSITY OF NORTHERN IOWA
    1227 W 27TH STREET
    CEDAR FALLS,IA50614     		NONE PC SCHOLARSHIPS 2,800
    UNIVERSITY OF SOUTHERN INDIANA
    8600 UNIVERSITY BLVD
    EVANSVILLE,IN47712     		NONE PC SCHOLARSHIPS 6,900
    UNIVERSITY OF UTAH
    201 PRESIDENTS CIRCLE
    SALT LAKE CITY,UT84112     		NONE PC SCHOLARSHIPS 1,650
    UNIVERSITY OF WISCONSIN - PLATTEVILLE
    1 UNIVERSITY PLAZA
    PLATTEVILLE,WI53818     		NONE PC SCHOLARSHIPS 3,100
    VALPARAISO
    1700 CHAPEL DRIVE
    VALPARAISO,IN46383     		NONE PC SCHOLARSHIPS 2,600
    VINTAGE RACERS FOR RESCUES
    1010 RYANS WAY
    ALTON,VA24520     		NONE PC GENERAL 2,500
    VIRGINIA POLYTECHNIC INSTITUTE
    1425 S MAIN ST
    BLACKSBURG,VA24061     		NONE PC SCHOLARSHIPS 3,600
    WAUBONSEE COMMUNITY COLLEGE
    ROUTE 47 AT HARTER ROAD
    SUGAR GROVE,IL60554     		NONE PC SCHOLARSHIPS 6,400
    BATAVIA ACCESS - TOY DRIVE
    100 N ISLAND AVE
    BATAVIA,IL60510     		NONE PC PREFERRED CHARITIES 200
    RUSH UNIVERSITY
    1653 W CONGRESS PKWY 12
    CHICAGO,IL60612     		NONE PC SCHOLARSHIPS 5,000
    NORTHERN PUBLIC RADIO
    801 N 1ST STREET
    DEKALB,IL60115     		NONE PC GENERAL 1,500
    Total .................................bullet 3a 510,044
    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 ...........     		    14 542  
    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 ............     		    14 1,537  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aSCHOLARSHIP REFUNDS     		        9,621
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 28,006 9,621
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    37,627
    (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.)
    11A REFUNDS FROM SCHOLARSHIPS WILL BE USED FOR FUTURE SCHOLARSHIPS
    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
    HANSEN-FURNAS FOUNDATION INC
     
    Employer identification number

    36-6049894
    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
    HANSEN-FURNAS FOUNDATION INC
          		Employer identification number
    36-6049894
    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
    LETO M FURNAS TRUST
     
    PO BOX 159
     
    BATAVIA, IL60510

    		$ 540,000


    (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.)
    (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
    HANSEN-FURNAS FOUNDATION INC
          		Employer identification number

    36-6049894
    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
     
    		$    
    (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
     
    		$    
    (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
    HANSEN-FURNAS FOUNDATION INC
          		Employer identification number

    36-6049894
    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:
    HANSEN-FURNAS FOUNDATION INC
    EIN:
    36-6049894
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL AND ACCOUNTING FEES 10,900 0   10,900

    TY 2021 CashDeemedCharitableExplnStmt
    Name:
    HANSEN-FURNAS FOUNDATION INC
    EIN:
    36-6049894
    Explanation:
    HANSEN-FUNAS FOUNDATION, INC. RECEIVED A $540,000 CONTRIBUTION FROM LETO M. FURNAS TRUST. THE CONTRIBUTION TO HANSEN-FURNAS FOUNDATION IS EXPENDED FOR CHARITABLE PURPOSES FROM CORPUS DURING ITS CALENDAR YEAR. THE CONTRIBUTION FROM LETO M. FURNAS TRUST IS USED FOR SCHOLARSHIPS AND GRANTS TO LOCAL NONPROFIT ORGANIZATIONS. TREAS. REG. 53.4942(A)-2(C)(2)(V) ALLOWS THE ORGANIZATION TO EXCLUDE ANY ASSETS USED (OR HELD FOR USE) DIRECTLY IN CARRYING OUT THE FOUNDATION'S EXEMPT PURPOSE. SINCE THE EXPENDITURES ARE MADE THROUGHOUT THE YEAR THE AVERAGE MONTHLY BALANCE OF THE CONTRIBUTION FROM LETO M. FURNAS TRUST (CALCULATED AT 50% OF THE TOTAL CONTRIBUTION) IS AN ASSET USED (OR HELD FOR USE) DIRECTLY IN CARRYING OUT THE FOUNDATION'S EXEMPT PURPOSE.

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    HANSEN-FURNAS FOUNDATION INC
    EIN:
    36-6049894
    Name of Stock End of Year Book Value End of Year Fair Market Value
    NT LARGE CAP EQUITY SECURITIES 542,231 542,231
    NT INTERNATIONAL DEVELOPED EQUITY SECURITIES 151,143 151,143
    NT INTERNATIONAL EMERGING EQUITY SECURITIES 75,324 75,324
    NT CORPORATE/GOVERNMENT FIXED INCOME 250,722 250,722
    NT REAL ESTATE FUNDS 63,514 63,514
    NT COMMODITIES 8,767 8,767

    TY 2021 OtherExpensesSchedule
    Name:
    HANSEN-FURNAS FOUNDATION INC
    EIN:
    36-6049894
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SCHOLARSHIP COMMITTEE FEES 4,000 0   4,000
    TELEPHONE 2,857 0   2,857
    BANK CHARGES 402 0   402
    POSTAGE 110 0   110
    OFFICE SUPPLIES 358 0   358
    PRINTING 331 0   331
    INSURANCE 1,407 0   1,407
    MISCELLANEOUS 2,145 0   2,145


    TY 2021 OtherIncomeSchedule2
    Name:
    HANSEN-FURNAS FOUNDATION INC
    EIN:
    36-6049894
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SCHOLARSHIP REFUNDS 9,621   9,621


    TY 2021 OtherIncreasesSchedule
    Name:
    HANSEN-FURNAS FOUNDATION INC
    EIN:
    36-6049894
    Description Amount
    UNREALIZED GAIN/LOSS ON INVESTMENTS 122,685


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    HANSEN-FURNAS FOUNDATION INC
    EIN:
    36-6049894
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 3,267 3,267   0


    TY 2021 TaxesSchedule
    Name:
    HANSEN-FURNAS FOUNDATION INC
    EIN:
    36-6049894
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 2,373 0   2,373
    FEDERAL EXCISE TAX 415 0   0
    FOREIGN TAXES 0 331   0