TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
WALRATH TW RES

Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118

A Employer identification number

51-6179755

B Telephone number (see instructions)

(888) 730-4933

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$5,681,293J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	123,794		122,750
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		227,508
b	Gross sales price for all assets on line 6a 628,667
7	Capital gain net income (from Part IV, line 2)...			227,508
8	Net short-term capital gain.........				0
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........	351,302		350,258
13	Compensation of officers, directors, trustees, etc.	66,216		59,595		6,622
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		1,089	0	0	1,089
c	Other professional fees (attach schedule)....		2,962	2,962		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		2,132	2,132		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		418	418
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	72,817		65,107	0	7,711
25	Contributions, gifts, grants paid.......	295,000				295,000
26	Total expenses and disbursements. Add lines 24 and 25	367,817		65,107	0	302,711
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-16,515
b	Net investment income (if negative, enter -0-)			285,151
c	Adjusted net income (if negative, enter -0-)...				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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	459
	2	Savings and temporary cash investments.........	72,089	167,354	167,354
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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).......	475,551	3,481,081	5,513,939
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	3,127,772		0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,675,871	3,648,435	5,681,293
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	3,675,871	3,648,435
	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).....	3,675,871	3,648,435
	30	Total liabilities and net assets/fund balances (see instructions).	3,675,871	3,648,435

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

3,675,871

Enter amount from Part I, line 27a .....................

-16,515

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

3,659,356

Decreases not included in line 2 (itemize) bullet

10,921

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

3,648,435

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	.34 LIBERTY BROADBAND CORP		2020-04-22	2021-01-05
b	15. BROOKFIELD PROPERTY REIT INC		2020-04-22	2021-01-06
c	1. LIBERTY BROADBAND CORP		2020-04-22	2021-01-06
d	15. REALPAGE INC		2020-04-22	2021-01-06
e	8. ORSTED A/S-UNSP ADR		2020-07-31	2021-01-08
	38. ROCHE HOLDINGS LTD - ADR		2020-07-31	2021-01-08
	8. VESTAS WIND SYS A/S UTD KINGDOM ADR		2020-07-31	2021-01-08
	12. BROOKFIELD PROPERTY REIT INC		2020-04-22	2021-01-15
	3. FNF GROUP		2020-04-22	2021-01-15
	1. MARTIN MARIETTA MATLS INC COM		2020-04-22	2021-01-15
	8. REALPAGE INC		2020-04-22	2021-01-15
	200. RED ELECTRICA COR-UNSPON ADR		2020-07-31	2021-01-22
	12. TAIWAN SEMICONDUCTOR MANUFACTU - ADR		2020-07-31	2021-01-22
	25. NATIONAL BEVERAGE CORP		2018-03-15	2021-01-27
	10. SITEONE LANDSCAPE SUPPLY INC		2018-03-15	2021-01-28
	4550. ISHARES GOLD TRUST ETF		2000-01-01	2021-01-31
	2. DEEMED REDEEMED ASML HOLDING NV ESCR		2020-07-31	2021-02-04
	10. LIBERTY SIRIUSXM GROUP		2020-04-22	2021-02-10
	10. REALPAGE INC		2020-04-22	2021-02-10
	2. REALPAGE INC		2020-09-23	2021-02-10
	16. SLACK TECHNOLOGIES INC		2020-04-22	2021-02-10
	3. VORNADO REALTY TRUST		2020-06-01	2021-02-10
	2. BROWN FORMAN CORP CL B		2020-04-22	2021-02-17
	4. LIBERTY SIRIUSXM GROUP		2020-04-22	2021-02-17
	2. RESTAURANT BRANDS INTERN		2020-04-22	2021-02-17
	9. SLACK TECHNOLOGIES INC		2020-04-22	2021-02-17
	5. VORNADO REALTY TRUST		2021-01-06	2021-02-17
	1. VORNADO REALTY TRUST		2020-06-01	2021-02-17
	40. DAIKIN INDUSTRIES-UNSPONADR ADR		2020-07-31	2021-02-18
	80. FERGUSON NEWCO PLC-ADR		2020-07-31	2021-02-18
	26. NIPPON TELEGRAPH AND TELEPHONE - ADR		2020-07-31	2021-02-18
	6. TAIWAN SEMICONDUCTOR MANUFACTU - ADR		2020-07-31	2021-02-18
	1651.255 JOHCM INTERNATIONAL SEL-I #180		2017-06-14	2021-02-26
	3. EQUINIX INC		2020-04-22	2021-02-26
	2. LIBERTY SIRIUSXM GROUP		2020-04-22	2021-02-26
	7. VORNADO REALTY TRUST		2020-04-22	2021-02-26
	1. VORNADO REALTY TRUST		2021-01-06	2021-02-26
	4550. ISHARES GOLD TRUST ETF		2000-01-01	2021-02-28
	6. DEEMED REDEEMED ASML HOLDING NV ESCR		2020-07-31	2021-03-02
	847.17 JOHCM INTERNATIONAL SEL-I #180		2017-06-14	2021-03-04
	4980.08 PIMCO CRDT OPPRT BND-INST #2028		2019-11-26	2021-03-04
	24. AIA GROUP LTD-SP ADR		2020-07-31	2021-03-09
	124. ING GROEP N.V. - ADR		2020-12-17	2021-03-09
	2. LIBERTY SIRIUSXM GROUP		2020-04-22	2021-03-09
	3. LIBERTY SIRIUSXM GROUP		2020-04-22	2021-03-09
	10. SLACK TECHNOLOGIES INC		2020-04-22	2021-03-09
	6. TDK CORPORATION - ADR		2021-02-04	2021-03-09
	15. HDFC BANK LTD. - ADR		2020-07-31	2021-03-12
	20. INFINEON TECHNOLOGIES AG - ADR		2020-07-31	2021-03-12
	.7 FERGUSON PLC		2020-07-31	2021-03-18
	6. CBRE GROUP INC		2020-04-22	2021-03-23
	1. MARTIN MARIETTA MATLS INC COM		2020-04-22	2021-03-23
	8. RESTAURANT BRANDS INTERN		2020-04-22	2021-03-23
	158. FANUC CORPORATION ADR		2020-07-31	2021-03-26
	36. KION GROUP AG-UNSP ADR		2021-02-18	2021-03-26
	4550. ISHARES GOLD TRUST ETF		2000-01-01	2021-03-31
	2. M & T BANK CORPORATION COM		2020-04-22	2021-04-06
	1. MOTOROLA SOLUTIONS, INC.		2020-04-22	2021-04-06
	1. MOTOROLA SOLUTIONS, INC.		2021-01-06	2021-04-06
	89. AGNC INVESTMENT CORP		2019-08-21	2021-04-12
	32. CAMDEN PPTY TR SH BEN INT		2020-06-19	2021-04-12
	3. CAMDEN PPTY TR SH BEN INT		2018-03-29	2021-04-12
	1. EQUINIX INC		2018-03-29	2021-04-12
	2. GARTNER INC		2020-04-22	2021-04-12
	92. HOST HOTELS & RESORTS, INC.		2018-03-29	2021-04-12
	30. MID AMERICA APARTMENT COM		2019-06-24	2021-04-12
	3. MOTOROLA SOLUTIONS, INC.		2020-04-22	2021-04-12
	6. PROLOGIS INC		2017-02-13	2021-04-12
	5. MOTOROLA SOLUTIONS, INC.		2020-04-22	2021-04-19
	22. ATLAS COPCO AB ADR		2020-07-31	2021-04-20
	116. KAO CORP ADR		2020-07-31	2021-04-20
	65. CORELOGIC INC		2019-05-29	2021-04-22
	4550. ISHARES GOLD TRUST ETF		2000-01-01	2021-04-30
	5. LIBERTY SIRIUSXM GROUP		2020-04-22	2021-05-04
	5. LIBERTY SIRIUSXM GROUP		2020-04-22	2021-05-04
	4. M & T BANK CORPORATION COM		2020-04-22	2021-05-04
	3. MOTOROLA SOLUTIONS, INC.		2020-04-22	2021-05-04
	5. LIBERTY SIRIUSXM GROUP		2020-04-22	2021-05-11
	8. IHS MARKIT LTD		2020-04-22	2021-05-11
	1. IHS MARKIT LTD		2021-02-17	2021-05-11
	28. INFINEON TECHNOLOGIES AG - ADR		2020-07-31	2021-05-13
	94. SINGAPORE TELECOMMUNICATIONS LTD ADR		2020-07-31	2021-05-13
	106. AGNC INVESTMENT CORP		2020-06-19	2021-05-19
	198. AGNC INVESTMENT CORP		2019-08-21	2021-05-19
	8. CBRE GROUP INC		2020-04-22	2021-05-19
	1. CREDIT ACCEPTANCE CORPMICHIGAN		2020-05-05	2021-05-19
	3. GARTNER INC		2020-04-22	2021-05-19
	5. LIBERTY SIRIUSXM GROUP		2020-06-16	2021-05-19
	3. LIBERTY SIRIUSXM GROUP		2020-04-22	2021-05-19
	1. ROSS STORES INC		2020-09-09	2021-05-19
	956.023 JOHCM INTERNATIONAL SEL-I #180		2017-06-14	2021-05-26
	2447.98 INVESCO BAL RSK COMM STR-R6 #5011		2020-03-26	2021-05-26
	2383.222 PIMCO MODERATE DURATION-INST #120		2013-04-10	2021-05-26
	18. ATLAS COPCO AB ADR		2020-07-31	2021-05-28
	3. FNF GROUP		2020-04-22	2021-05-28
	3. GARTNER INC		2020-04-22	2021-05-28
	18. SMITH & NEPHEW PLC - ADR		2020-07-31	2021-05-28
	10. IHS MARKIT LTD		2020-04-22	2021-05-28
	2275. ISHARES GOLD TRUST ETF		2021-01-02	2021-05-31
	7. CBRE GROUP INC		2020-04-22	2021-06-11
	2. GARTNER INC		2020-04-22	2021-06-11
	2. HOWARD HUGHES CORP/THE		2020-07-27	2021-06-11
	5. KENNEDY-WILSON HOLDINGS INC		2020-09-23	2021-06-11
	1. KENNEDY-WILSON HOLDINGS INC		2020-04-22	2021-06-11
	8. TDK CORPORATION - ADR		2020-07-31	2021-06-11
	2. IHS MARKIT LTD		2020-04-22	2021-06-11
	15. FNF GROUP		2020-04-22	2021-06-21
	1. GARTNER INC		2020-04-22	2021-06-21
	2. RESTAURANT BRANDS INTERN		2020-04-22	2021-06-21
	1. AON PLC		2020-04-22	2021-06-21
	12. KION GROUP AG-UNSP ADR		2021-02-18	2021-06-25
	20. KION GROUP AG-UNSP ADR		2020-07-31	2021-06-25
	146. NIPPON TELEGRAPH AND TELEPHONE - ADR		2020-07-31	2021-06-25
	40. AMERICAN HOMES 4 RENT		2020-07-23	2021-06-28
	58. INVITATION HOMES INC		2018-07-24	2021-06-28
	36. PROLOGIS INC		2017-02-13	2021-06-28
	281. STAG INDUSTRIAL INC		2019-12-19	2021-06-28
	2275. ISHARES GOLD TRUST ETF		2021-01-02	2021-06-30
	40. HENKEL AG AND CO. KGAA ADR		2020-07-31	2021-07-08
	92. RECRUIT HOLDINGS CO LTD-ADR		2021-02-18	2021-07-08
	1. ARES MANAGEMENT CORP-A		2021-05-04	2021-07-12
	1. BROWN & BROWN INC		2020-04-22	2021-07-12
	6. CBRE GROUP INC		2020-04-22	2021-07-12
	1. CARMAX INC		2021-05-28	2021-07-12
	17. FNF GROUP		2020-04-22	2021-07-12
	1. FIRST REPUBLIC BANK/SAN FRANCI		2020-04-22	2021-07-12
	1. GARTNER INC		2020-04-22	2021-07-12
	4. KKR & CO INC -A		2020-04-22	2021-07-12
	1. KENNEDY-WILSON HOLDINGS INC		2020-04-22	2021-07-12
	1. MICROCHIP TECHNOLOGY INC COM		2020-04-22	2021-07-12
	1. RESTAURANT BRANDS INTERN		2020-04-22	2021-07-12
	1. BLOCK INC		2020-04-22	2021-07-12
	1. VULCAN MATERIALS COMPANY		2020-06-01	2021-07-12
	.5379 BROOKFIELD ASSET MANAGEMENT RE		2021-06-28	2021-07-12
	1. BROOKFIELD ASSET MANAGEMENT RE		2021-06-28	2021-07-12
	118. GLAXOSMITHKLINE PLC - ADR		2020-07-31	2021-07-28
	2. BROWN FORMAN CORP CL B		2020-04-22	2021-07-29
	2. CANNAE HOLDINGS INC		2021-02-17	2021-07-29
	3. CANNAE HOLDINGS INC		2020-09-09	2021-07-29
	5. COLFAX CORPORATION		2020-04-22	2021-07-29
	26. DASSAULT SYSTEMES S.A. - ADR		2020-07-31	2021-07-29
	29. DEUTSCHE TELEKOM AG - ADR		2020-07-31	2021-07-29
	7. FNF GROUP		2020-04-22	2021-07-29
	90. PRYSMIAN SPA-UNSPONSOREE ADR		2020-12-07	2021-07-29
	138. RECKITT BENCKIS/S ADR		2020-07-31	2021-07-29
	9. RESTAURANT BRANDS INTERN		2020-04-22	2021-07-29
	25. SAMPO OYJ-A SHS-UNSP ADR		2020-12-24	2021-07-29
	34. SMITH & NEPHEW PLC - ADR		2020-07-31	2021-07-29
	2275. ISHARES GOLD TRUST ETF		2021-01-02	2021-07-31
	10. CANNAE HOLDINGS INC		2020-09-09	2021-08-11
	4. FNF GROUP		2020-04-22	2021-08-11
	1. GARTNER INC		2020-04-22	2021-08-11
	2. KKR & CO INC -A		2020-04-22	2021-08-11
	12. RESTAURANT BRANDS INTERN		2020-04-22	2021-08-11
	1. IDEXX CORP		2020-04-22	2021-08-20
	3. RESTAURANT BRANDS INTERN		2020-04-22	2021-08-20
	1. SBA COMMUNICATIONS CORP		2020-04-22	2021-08-20
	4. HOYA CORP ADR		2021-03-26	2021-08-30
	2. ORIX CORPORATION - ADR		2020-11-18	2021-08-30
	10. ORIX CORPORATION - ADR		2021-04-20	2021-08-30
	2275. ISHARES GOLD TRUST ETF		2021-01-02	2021-08-31
	114. UMICORE - UNSPON ADR		2020-07-31	2021-08-31
	118. HANG LUNG PPTYS LTD ADR		2020-12-17	2021-09-01
	8. HANG LUNG PPTYS LTD ADR		2020-07-31	2021-09-01
	101.983 DODGE & COX STOCK FUND #145		2018-10-18	2021-09-02
	80. ISHARES RUSSELL MID-CAP GROWTH		2008-12-03	2021-09-02
	325.445 JOHCM INTERNATIONAL SEL-INST #180		2017-06-14	2021-09-02
	150.64 T ROWE PRICE BLUE CHIP-I #429		2016-05-02	2021-09-02
	5. FNF GROUP		2020-04-22	2021-09-03
	1. GARTNER INC		2020-04-22	2021-09-03
	1. HYATT HOTELS CORP		2020-04-22	2021-09-03
	1. HYATT HOTELS CORP		2021-02-10	2021-09-03
	3. RESTAURANT BRANDS INTERN		2020-04-22	2021-09-03
	1. ARCH CAPITAL GROUP LTD		2021-02-10	2021-09-03
	15. ARCH CAPITAL GROUP LTD		2020-04-22	2021-09-03
	2. HOYA CORP ADR		2020-07-31	2021-09-09
	4. HOYA CORP ADR		2021-03-26	2021-09-09
	1. CREDIT ACCEPTANCE CORPMICHIGAN		2020-04-22	2021-09-15
	3. FNF GROUP		2020-04-22	2021-09-15
	2. LIBERTY BROADBAND CORP		2021-02-10	2021-09-15
	1. SBA COMMUNICATIONS CORP		2020-04-22	2021-09-15
	4. ARCH CAPITAL GROUP LTD		2020-04-22	2021-09-15
	26. AIR LIQUIDE - ADR		2020-07-31	2021-09-16
	1. CREDIT ACCEPTANCE CORPMICHIGAN		2020-04-22	2021-09-30
	2275. ISHARES GOLD TRUST ETF		2021-01-02	2021-09-30
	4. RESTAURANT BRANDS INTERN		2020-04-22	2021-09-30
	1. SBA COMMUNICATIONS CORP		2020-04-22	2021-09-30
	1. VERISIGN INC COM		2020-04-22	2021-09-30
	1. VERISK ANALYTICS INC		2020-04-22	2021-09-30
	5. ARCH CAPITAL GROUP LTD		2020-04-22	2021-09-30
	1. BROOKFIELD ASSET MANAGE-CL A		2021-02-10	2021-10-06
	1. BROOKFIELD ASSET MANAGE-CL A		2021-05-04	2021-10-06
	1. FIRST REPUBLIC BANK/SAN FRANCI		2020-04-22	2021-10-06
	1. IHS MARKIT LTD		2020-04-22	2021-10-06
	2. RECRUIT HOLDINGS CO LTD-ADR		2021-02-18	2021-10-14
	120. RECRUIT HOLDINGS CO LTD-ADR		2020-07-31	2021-10-14
	1. EQUINIX INC		2018-03-29	2021-10-19
	280. BANK RAKYAT INDONESIA-UN ADR		1901-01-01	2021-10-19
	3. SBA COMMUNICATIONS CORP		2021-06-28	2021-10-19
	5. SIMON PROPERTY GROUP INC		2016-11-18	2021-10-19
	2. BROOKFIELD ASSET MANAGE-CL A		2021-02-10	2021-10-22
	1. BROOKFIELD ASSET MANAGE-CL A		2020-08-27	2021-10-22
	3. FNF GROUP		2020-04-22	2021-10-22
	1. GARTNER INC		2020-04-22	2021-10-22
	1. MOODYS CORP		2020-04-22	2021-10-22
	6. RESTAURANT BRANDS INTERN		2020-04-22	2021-10-22
	5. ARCH CAPITAL GROUP LTD		2020-04-22	2021-10-22
	730. ISHARES GOLD TRUST ETF		2020-12-02	2021-10-28
	84. ING GROEP N.V. - ADR		2020-12-17	2021-10-29
	50. ING GROEP N.V. - ADR		2020-07-31	2021-10-29
	98. NASPERS LTD-N SHS SPON ADR		2020-07-31	2021-10-29
	2275. ISHARES GOLD TRUST ETF		2021-01-02	2021-10-31
	54. AXA - ADR		2020-11-18	2021-11-11
	5. KKR & CO INC -A		2020-04-22	2021-11-11
	6. KENNEDY-WILSON HOLDINGS INC		2020-04-22	2021-11-11
	9. RESTAURANT BRANDS INTERN		2020-04-22	2021-11-11
	3. ARCH CAPITAL GROUP LTD		2020-04-22	2021-11-11
	4. IHS MARKIT LTD		2020-04-22	2021-11-11
	1. CREDIT ACCEPTANCE CORPMICHIGAN		2020-04-22	2021-11-29
	1. S&P GLOBAL INC		2021-05-04	2021-11-29
	3. S&P GLOBAL INC		2020-04-22	2021-11-29
	4. IHS MARKIT LTD		2020-04-22	2021-11-29
	1545. ISHARES GOLD TRUST ETF		2021-01-02	2021-11-30
	17. CORESITE REALTY CORP		2021-06-28	2021-12-01
	71. CORESITE REALTY CORP		2018-06-18	2021-12-01
	2457.865 FIDELITY NEW MRKTS INC-Z #3323		2016-05-02	2021-12-02
	10. SITEONE LANDSCAPE SUPPLY INC		2018-03-15	2021-12-09
	.313 SK TELECOM CO LTD ADR		2021-06-28	2021-12-10
	174. GRIFOLS SA-ADR		2020-09-14	2021-12-13
	32. GRIFOLS SA-ADR		2021-05-13	2021-12-13
	32. KION GROUP AG-UNSP ADR		2020-07-31	2021-12-13
	8. NOVO NORDISK A/S - ADR		2020-07-31	2021-12-13
	17. HOULIHAN LOKEY INC		2018-03-15	2021-12-15
	6. FERGUSON PLC		2020-07-31	2021-12-27
	1. ANSYS INC		2020-04-22	2021-12-30
	4. BROOKFIELD INFRASTRUCTURE-A		2021-01-15	2021-12-30
	6. KENNEDY-WILSON HOLDINGS INC		2020-04-22	2021-12-30
	1. AON PLC		2020-04-22	2021-12-30
	4. IHS MARKIT LTD		2020-04-22	2021-12-30
	1545. ISHARES GOLD TRUST ETF		2021-01-02	2021-12-31
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	52	42	10
b	260	112	148
c	152	124	28
d	1,300	906	394
e	610	385	225
	1,615	1,660	-45
	694	346	348
	206	90	116
	118	76	42
	302	178	124
	696	483	213
	1,914	1,972	-58
	1,556	942	614
	4,032	2,267	1,765
	1,617	727	890
	17	51	-34
	1,104	713	391
	429	304	125
	868	604	264
	174	120	54
	688	420	268
	116	116
	152	120	32
	171	122	49
	118	89	29
	389	236	153
	185	185
	37	39	-2
	874	707	167
	967	720	247
	700	604	96
	812	471	341
	50,000	34,594	15,406
	1,947	2,052	-105
	89	61	28
	299	256	43
	43	37	6
	15	48	-33
	3,413	2,139	1,274
	25,000	17,748	7,252
	50,000	50,100	-100
	1,244	865	379
	1,527	1,285	242
	90	60	30
	134	91	43
	406	263	143
	823	898	-75
	1,214	700	514
	810	500	310
	84	63	21
	455	239	216
	316	178	138
	520	355	165
	3,845	2,674	1,171
	862	801	61
	16	51	-35
	304	211	93
	189	150	39
	189	170	19
	1,525	1,377	148
	3,581	2,926	655
	336	252	84
	689	418	271
	377	208	169
	1,584	1,717	-133
	4,418	3,587	831
	565	451	114
	657	327	330
	938	752	186
	1,199	863	336
	1,507	1,694	-187
	5,188	2,741	2,447
	16	48	-32
	218	150	68
	219	152	67
	636	421	215
	560	451	109
	208	150	58
	836	501	335
	105	93	12
	1,028	700	328
	1,678	1,698	-20
	1,942	1,354	588
	3,627	3,039	588
	677	319	358
	429	314	115
	673	312	361
	201	127	74
	121	91	30
	125	94	31
	30,000	20,029	9,971
	20,000	12,044	7,956
	25,000	26,001	-1,001
	932	706	226
	140	76	64
	696	312	384
	786	731	55
	1,060	626	434
	17	32	-15
	619	279	340
	465	208	257
	210	107	103
	103	69	34
	21	13	8
	1,000	898	102
	216	125	91
	668	379	289
	237	104	133
	134	89	45
	234	179	55
	332	267	65
	553	388	165
	3,828	3,300	528
	1,569	1,126	443
	2,176	1,556	620
	4,375	1,804	2,571
	10,603	8,631	1,972
	16	34	-18
	921	888	33
	912	930	-18
	65	51	14
	53	36	17
	514	239	275
	136	115	21
	759	429	330
	198	99	99
	257	104	153
	241	89	152
	20	12	8
	145	77	68
	64	44	20
	243	60	183
	174	108	66
	28	28
	52	52
	4,666	4,745	-79
	143	120	23
	66	77	-11
	100	123	-23
	235	113	122
	1,423	949	474
	610	491	119
	316	177	139
	1,598	1,565	33
	2,162	2,839	-677
	585	400	185
	604	520	84
	1,396	1,381	15
	17	33	-16
	334	357	-23
	195	101	94
	294	104	190
	132	45	87
	778	533	245
	677	266	411
	188	133	55
	363	304	59
	637	488	149
	187	151	36
	934	810	124
	16	33	-17
	1,861	1,352	509
	1,431	1,580	-149
	97	99	-2
	25,000	20,996	4,004
	9,527	1,154	8,373
	10,723	6,818	3,905
	30,000	10,403	19,597
	240	126	114
	313	104	209
	72	54	18
	72	74	-2
	194	133	61
	39	35	4
	591	396	195
	335	199	136
	670	488	182
	602	256	346
	139	76	63
	356	302	54
	356	304	52
	158	102	56
	903	864	39
	590	256	334
	16	33	-17
	246	178	68
	331	304	27
	205	214	-9
	201	149	52
	193	127	66
	54	41	13
	54	45	9
	199	99	100
	117	63	54
	26	20	6
	1,535	750	785
	778	418	360
	59		59
	996	967	29
	715	901	-186
	122	82	40
	61	35	26
	149	76	73
	323	104	219
	381	238	143
	370	266	104
	216	127	89
	24,988	25,331	-343
	1,271	816	455
	756	352	404
	3,299	3,660	-361
	16	28	-12
	1,591	1,408	183
	390	112	278
	143	73	70
	513	400	113
	124	76	48
	496	251	245
	646	256	390
	462	396	66
	1,387	824	563
	518	251	267
	11	28	-17
	2,890	2,287	603
	12,071	7,598	4,473
	35,000	37,597	-2,597
	2,403	727	1,676
	14	17	-3
	1,782	2,917	-1,135
	328	591	-263
	875	621	254
	927	531	396
	1,725	825	900
	1,070	540	530
	408	260	148
	267	268	-1
	142	73	69
	301	179	122
	530	251	279
	11	28	-17
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646
			107,646

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			10
b			148
c			28
d			394
e			225
			-45
			348
			116
			42
			124
			213
			-58
			614
			1,765
			890
			-34
			391
			125
			264
			54
			268

			32
			49
			29
			153

			-2
			167
			247
			96
			341
			15,406
			-105
			28
			43
			6
			-33
			1,274
			7,252
			-100
			379
			242
			30
			43
			143
			-75
			514
			310
			21
			216
			138
			165
			1,171
			61
			-35
			93
			39
			19
			148
			655
			84
			271
			169
			-133
			831
			114
			330
			186
			336
			-187
			2,447
			-32
			68
			67
			215
			109
			58
			335
			12
			328
			-20
			588
			588
			358
			115
			361
			74
			30
			31
			9,971
			7,956
			-1,001
			226
			64
			384
			55
			434
			-15
			340
			257
			103
			34
			8
			102
			91
			289
			133
			45
			55
			65
			165
			528
			443
			620
			2,571
			1,972
			-18
			33
			-18
			14
			17
			275
			21
			330
			99
			153
			152
			8
			68
			20
			183
			66


			-79
			23
			-11
			-23
			122
			474
			119
			139
			33
			-677
			185
			84
			15
			-16
			-23
			94
			190
			87
			245
			411
			55
			59
			149
			36
			124
			-17
			509
			-149
			-2
			4,004
			8,373
			3,905
			19,597
			114
			209
			18
			-2
			61
			4
			195
			136
			182
			346
			63
			54
			52
			56
			39
			334
			-17
			68
			27
			-9
			52
			66
			13
			9
			100
			54
			6
			785
			360
			59
			29
			-186
			40
			26
			73
			219
			143
			104
			89
			-343
			455
			404
			-361
			-12
			183
			278
			70
			113
			48
			245
			390
			66
			563
			267
			-17
			603
			4,473
			-2,597
			1,676
			-3
			-1,135
			-263
			254
			396
			900
			530
			148
			-1
			69
			122
			279
			-17

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	227,508
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 ...................		3

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 and enter “N/A" on line 1.
	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	3,964
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	3,964
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	924
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	3,040
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	3,964
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax0	Refunded	11	0

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

WELLS FARGO BANK NA Telephone no. bullet

(888) 730-4933

Located at bullet

100 N MAIN ST MAC D4001-117WINSTON SALEMNC ZIP+4 bullet

27101

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

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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? .............

Yes

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)):

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?....................

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2021)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

Yes

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check here ......... bullet

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? .................

Yes

If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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 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
WELLS FARGO BANK N A	TRUSTEE 1	66,216
100 N MAIN ST MAC D4001-117 WINSTON SALEM,NC27101	TRUSTEE 1	66,216

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...................				0

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............. bullet

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......................... bullet

Form 990-PF (2021)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

5,506,887

Average of monthly cash balances.......................

57,753

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

5,564,640

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

5,564,640

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

83,470

Net value of noncharitable-use assets. Subtract line 4 from line 3. .......

5,481,170

Minimum investment return. Enter 5% (0.05) of line 5................

274,059

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.)

Minimum investment return from Part IX, line 6..................

274,059

Tax on investment income for 2021 from Part V, line 5.......

3,964

Income tax for 2021. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

3,964

Distributable amount before adjustments. Subtract line 2c from line 1............

270,095

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

270,095

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

270,095

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.

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					270,095
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......				37,118
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2021:
a From 2016......	0
b From 2017......	0
c From 2018......	0
d From 2019......	0
e From 2020......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2021 from Part
XI, line 4: $ 302,711
a Applied to 2020, but not more than line 2a				37,118
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.....					265,593
e Remaining amount distributed out of corpus		0
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		0
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 ..........					4,502
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2017....	0
b Excess from 2018....	0
c Excess from 2019....	0
d Excess from 2020....	0
e Excess from 2021....	0

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

NONE

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.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2021)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ACTS RETIREMENT LIFE COMMUNITIES 375 MORRIS ROAD WEST POINT,PA19486	NONE	PC	GENERAL OPERATING	5,000
HISTORICAL SOCIETY OF DELAWARE 505 N MARKET ST WILMINGTON,DE19801	NONE	PC	GENERAL OPERATING	72,500
DELAWARE CURATIVE WORKSHOP 1600 WASHINGTON STREET WILMINGTON,DE19802	NONE	NC	GENERAL OPERATING	72,500
THE GRAND OPERA HOUSE 818 N MARKET ST WILMINGTON,DE19801	NONE	PC	GENERAL OPERATING	72,500
DELAWARE ZOOLOGICAL SOCIETY INC 1001 N PARK DR WILMINGTON,DE19802	NONE	PC	GENERAL OPERATING	72,500
Total ................................. 3a				295,000

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....
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	227,508
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) ..				351,302

13Total. Add line 12, columns (b), (d), and (e)..................

351,302

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2021)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

Yes

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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
1a(1)	72,500	DELAWARE CURATIVE WORKSHOP	CASH

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
464287655 ISHARES RUSSELL 2000
464287481 ISHARES RUSSELL MID-
866674104 SUN CMNTYS INC COM
828806109 SIMON PROPERTY GROUP
693390593 PIMCO MODERATE DURAT
464287200 ISHARES CORE S & P 5
00770G847 JOHCM INTERNATIONAL
015271109 ALEXANDRIA REAL ESTA
133131102 CAMDEN PPTY TR SH BE
21870Q105 CORESITE REALTY CORP
78410G104 SBA COMMUNICATIONS C
03027X100 AMERICAN TOWER CORP
55303A105 MGM GROWTH PROPERTIE
000843201 ACAP STRATEGIC FUND-
35086T109 FOUR CORNERS PROPERT
46187W107 INVITATION HOMES INC
74340W103 PROLOGIS INC
44107P104 HOST HOTELS & RESORT
29444U700 EQUINIX INC
256219106 DODGE & COX STOCK FU
003021714 ABERDEEN EMERG MARKE
77954Q403 T ROWE PRICE BLUE CH
31641Q755 FIDELITY NEW MRKTS I
00143W859 INV OPP DEVELOP MRKT
421946104 HEALTHCARE RLTY TR C
693390841 PIMCO HIGH YIELD FD-
72201W394 PIMCO CRDT OPPRT BND
GTC996442 CORBIN MULTI STRATEG
55274K702 MFS CORPORATE BOND-R
GTY995331 AGILITY MULTI-ASSET
925652109 VICI PROPERTIES INC
59522J103 MID AMERICA APARTMEN
85254J102 STAG INDUSTRIAL INC
00123Q104 AGNC INVESTMENT CORP
19248X604 COHEN & STEERS PR SE
11282X103 BROOKFIELD PROPERTY
02665T306 AMERICAN HOMES 4 REN
95040Q104 WELLTOWER INC
00888Y847 INVESCO BAL RSK COMM
74256W485 PRINCIPAL PREFERRED
313747206 FEDERAL RLTY INVT TR
929042109 VORNADO REALTY TRUST
464285105 ISHARES GOLD TRUST E

Description	Amount
CY PENDING SALES ADJ	617
PY RETURN OF CAPITAL ADJ	2,360
MUTUAL FUND TIMING ADJ	7,838
COST BASIS ADJUSTMENT	106

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER EXEPENSE	33	33		0
INVESTMENT EXPENSE - ADR FEES	385	385		0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
686330101 ORIX CORPORATION - A	4,805	8,550
143130102 CARMAX INC	4,448	8,465
192422103 COGNEX CORP	659	778
477839104 JOHN BEAN TECHNOLOGI	2,580	3,993
530307107 LIBERTY BROADBAND CO	1,115	1,448
60921V101 MONDI PLC-UNSPON ADR	3,917	5,347
615369105 MOODYS CORP	1,428	2,343
049255805 ATLAS COPCO AB ADR	2,824	4,291
79588J102 SAMPO OYJ-A SHS-UNSP	6,349	8,628
66987V109 NOVARTIS AG - ADR	4,851	5,073
441593100 HOULIHAN LOKEY INC	2,749	6,315
485537401 KAO CORP ADR	4,322	3,093
893641100 TRANSDIGM GROUP INC	5,088	10,180
515098101 LANDSTAR SYS INC COM	3,344	5,371
86614U100 SUMMIT MATERIALS INC	511	1,766
68750L102 ORSTED A/S-UNSP ADR	4,948	4,487
942622200 WATSCO INC CL A	4,203	7,509
670100205 NOVO NORDISK A/S - A	4,382	7,392
30040P103 EVERTEC INC	3,642	5,098
492460100 KERRY GROUP PLC-SPON	6,478	6,310
83088V102 SLACK TECHNOLOGIES I
929236107 WD 40 CO	2,117	3,914
422806208 HEICO CORP CL A	3,661	4,884
13765N107 CANNAE HOLDINGS INC
426281101 HENRY JACK & ASSOC I	1,875	2,505
217204106 COPART INC COM	4,635	9,097
00687A107 ADIDAS-AG ADR	7,178	6,480
904708104 UNIFIRST CORP MASS	4,599	5,050
109194100 BRIGHT HORIZONS FAMI	1,294	1,133
045387107 ASSA ABLOY AB-UNSP A	4,248	5,864
756255204 RECKITT BENCKIS/S AD
76131D103 RESTAURANT BRANDS IN
256677105 DOLLAR GENERAL CORP	2,583	3,066
929160109 VULCAN MATERIALS COM	3,453	6,850
112585104 BROOKFIELD ASSET MAN	6,986	13,163
37733W105 GLAXOSMITHKLINE PLC
056525108 BADGER METER INC	1,021	2,238
163072101 CHEESECAKE FACTORY I	5,172	5,011
573284106 MARTIN MARIETTA MATL	1,425	3,524
776696106 ROPER TECHNOLOGIES I	4,657	6,394
74164M108 PRIMERICA INC	2,621	3,985
92345Y106 VERISK ANALYTICS INC	2,087	3,202
80687P106 SCHNEIDER ELECTRIC S	6,000	9,803
55354G100 MSCI INC	1,606	3,063
21871D103 CORELOGIC INC
527064109 LESLIE'S INC	5,968	6,152
035255108 ANIKA THERAPEUTICS I	2,691	1,827
456837103 ING GROEP N.V. - ADR	4,768	9,438
32020R109 FIRST FINL BANKSHARE	1,214	2,542
75606N109 REALPAGE INC
631512209 NASPERS LTD-N SHS SP
237545108 DASSAULT SYSTEMES S.	3,066	5,013
029683109 AMERICAN SOFTWARE -C	1,292	2,748
592688105 METTLER-TOLEDO INTL	3,522	6,789
12504L109 CBRE GROUP INC	1,595	4,340
366651107 GARTNER INC	936	3,009
443251103 HOYA CORP ADR	4,776	7,179
82929R304 SINGAPORE TELECOMMUN	2,962	2,819
531229854 LIBERTY FORMULA ONE	1,254	2,972
N07059210 ASML HOLDING NV-NY R
861025104 STOCK YDS BANCORP IN	3,042	4,152
41043M104 HANG LUNG PPTYS LTD	3,934	3,326
40171V100 GUIDEWIRE SOFTWARE I	4,170	4,541
45168D104 IDEXX CORP	1,330	3,292
384109104 GRACO INC	3,358	5,805
M98068105 WIX.COM LTD	4,187	4,103
531229607 LIBERTY SIRIUSXM GRO
001317205 AIA GROUP LTD-SP ADR	4,180	4,678
23381B106 DAIKIN INDUSTRIES-UN	5,305	6,798
G47567105 IHS MARKIT LTD	251	532
115637209 BROWN FORMAN CORP CL	661	801
55261F104 M & T BANK CORPORATI
194014106 COLFAX CORPORATION	340	690
82455C101 SHIMANO INC-UNSPON A	4,919	5,936
90420M104 UMICORE - UNSPON ADR	3,315	2,897
749607107 RLI CORP COM	2,480	4,372
33616C100 FIRST REPUBLIC BANK/	985	2,065
89400J107 TRANSUNION	2,275	3,795
570535104 MARKEL HOLDINGS	4,464	6,170
82982L103 SITEONE LANDSCAPE SU	2,107	7,268
31502A303 FERGUSON NEWCO PLC-A
11284V105 BROOKFIELD RENEWABLE	1,687	1,363
88087E100 TERMINIX GLOBAL HOLD	3,429	4,975
115236101 BROWN & BROWN INC	2,178	4,287
902252105 TYLER TECHNOLOGIES I	6,279	8,069
09215C105 BLACK KNIGHT INC	4,661	5,637
497216101 KION GROUP AG-UNSP A	2,949	4,188
054536107 AXA - ADR	6,446	9,407
00846U101 AGILENT TECHNOLOGIES	978	1,277
G0450A105 ARCH CAPITAL GROUP L	1,349	2,356
55607P204 MACQUARIE GROUP LTD-	4,785	7,806
538034109 LIVE NATION ENT INC	2,856	6,104
67103H107 O'REILLY AUTOMOTIVE	4,010	7,769
25754A201 DOMINOS PIZZA INC	3,399	5,079
69366X100 BANK RAKYAT INDONESI	2,929	4,018
052769106 AUTODESK INC	4,255	6,467
984627109 YAMAHA CORP-SPONSORE	4,924	5,034
448579102 HYATT HOTELS CORP	1,033	1,822
756568101 RED ELECTRICA COR-UN
22160N109 COSTAR GROUP, INC	8,234	8,930
620076307 MOTOROLA SOLUTIONS,
04247X102 ARMSTRONG WORLD INDU	3,797	5,690
489398107 KENNEDY-WILSON HOLDI	585	1,075
530307305 LIBERTY BROADBAND CO	4,372	5,800
227047305 CRODA INTERNATIONAL-	3,407	6,281
635017106 NATIONAL BEVERAGE CO	2,833	4,261
44267D107 HOWARD HUGHES CORP/T	1,008	2,036
531229870 LIBERTY FORMULA ONE	94	237
595017104 MICROCHIP TECHNOLOGY	2,012	4,527
872351408 TDK CORPORATION - AD	4,888	5,166
874039100 TAIWAN SEMICONDUCTOR	2,669	4,091
009126202 AIR LIQUIDE - ADR	2,992	3,138
919134304 VALEO SA-SPON ADR	5,345	5,018
012348108 ALBANY INTL CORP NEW	3,318	4,865
771195104 ROCHE HOLDINGS LTD -	7,496	8,787
778296103 ROSS STORES INC	1,093	1,486
885160101 THOR INDS INC	4,765	5,915
810186106 THE SCOTTS MIRACLE-G	3,872	7,567
904767704 UNILEVER PLC - ADR	9,401	8,499
31620R303 FNF GROUP	303	626
92343E102 VERISIGN INC COM	4,025	4,823
852234103 SQUARE INC	358	969
74440L106 PRYSMIAN SPA-UNSPONS	3,791	4,795
009158106 AIR PRODS & CHEMS IN	1,065	1,521
654624105 NIPPON TELEGRAPH AND
83175M205 SMITH & NEPHEW PLC -
225310101 CREDIT ACCEPTANCE CO	1,025	2,751
526057104 LENNAR CORPORATION C	2,185	5,227
43300A203 HILTON WORLDWIDE HOL	3,973	8,267
21044C107 CONSTRUCTION PARTNER	1,540	2,853
03662Q105 ANSYS INC	3,117	4,813
307305102 FANUC CORPORATION AD
398438408 GRIFOLS SA-ADR
062540109 BANK HAWAII CORP	4,988	4,942
48251W104 KKR & CO INC -A	3,129	10,430
743315103 PROGRESSIVE CORP OHI	1,778	2,156
91879Q109 VAIL RESORTS INC COM	2,035	4,263
068334101 BARRATT DEVELOPMENTS	4,355	5,952
311900104 FASTENAL CO	2,480	4,292
824841407 SHISEIDO CO., LTD. -	4,816	4,581
251566105 DEUTSCHE TELEKOM AG	5,246	5,534
925458101 VESTAS WIND SYS A/S	3,938	4,627
01609W102 ALIBABA GROUP HOLDIN	7,027	3,682
75629J101 RECRUIT HOLDINGS CO	3,013	5,871
H01301128 ALCON INC	2,353	3,311
G0403H108 AON PLC	1,076	1,803
42550U109 HENKEL AG AND CO. KG	3,064	2,721
75524B104 RBC BEARINGS INC	3,894	5,655
78409V104 S&P GLOBAL INC
531229409 LIBERTY SIRIUSXM GRO
11275Q107 BROOKFIELD INFRASTRU	4,204	5,529
40415F101 HDFC BANK LTD. - ADR	2,101	2,928
45662N103 INFINEON TECHNOLOGIE	3,547	6,532
500472303 PHILIPS ELECTRONICS	5,550	3,906
114340102 BROOKS AUTOMATION IN	2,479	8,971
803054204 SAP SE ADR	6,914	6,165
98161H101 WORLDLINE SA/FRANCE	5,318	3,556
29786A106 ETSY INC	2,897	2,846
95040Q104 WELLTOWER INC	10,405	15,610
46187W107 INVITATION HOMES INC	6,582	14,962
35086T109 FOUR CORNERS PROPERT	10,693	13,205
003021714 ABERDEEN EMERG MARKE	107,000	130,643
74340W103 PROLOGIS INC	8,885	30,473
464285204 ISHARES GOLD TRUST E	53,859	53,781
690333109 OVERSEA-CHINESE BANK	6,637	6,298
09075V102 BIONTECH SE-ADR	3,895	3,609
000843201 ACAP STRATEGIC FUND-	150,000	201,566
00888Y847 INVESCO BAL RSK COMM	67,956	98,757
02665T306 AMERICAN HOMES 4 REN	8,425	13,214
928854108 VOLVO AB-B SHS-UNSPO	5,590	4,987
313747206 FEDERAL RLTY INVT TR	5,383	8,452
464287481 ISHARES RUSSELL MID-	46,987	375,156
747601201 QUALTRICS INTERNATIO	335	283
693390593 PIMCO MODERATE DURAT	86,350	81,918
36467J108 GAMING AND LEISURE P	9,559	10,170
539439109 LLOYDS BANKING GROUP	4,557	4,289
44107P104 HOST HOTELS & RESORT	6,098	7,008
03027X100 AMERICAN TOWER CORP	18,278	37,733
L7579L106 PERIMETER SOLUTIONS	768	889
53223X107 LIFE STORAGE INC	11,431	17,156
421946104 HEALTHCARE RLTY TR C	8,560	8,131
31641Q755 FIDELITY NEW MRKTS I	197,071	184,007
GTC996442 CORBIN MULTI STRATEG	154,665	155,428
00143W859 INV OPP DEVELOP MRKT	107,000	151,880
78440P306 SK TELECOM CO LTD AD	3,846	2,000
78410G104 SBA COMMUNICATIONS C	19,624	33,845
55303A105 MGM GROWTH PROPERTIE	4,329	6,863
282579309 EISAI COMPANY - ADR	3,749	2,500
133131102 CAMDEN PPTY TR SH BE	5,551	11,793
464287200 ISHARES CORE S & P 5	196,992	817,084
51819L107 LATHAM GROUP INC	4,540	4,681
693390841 PIMCO HIGH YIELD FD-	279,782	294,828
866674104 SUN CMNTYS INC COM	9,760	20,997
264411505 DUKE REALTY CORPORAT	11,921	15,951
19248X604 COHEN & STEERS PR SE	147,676	157,830
74256W485 PRINCIPAL PREFERRED	80,000	88,804
29444U700 EQUINIX INC	16,823	32,988
72201W394 PIMCO CRDT OPPRT BND	49,900	48,660
015271109 ALEXANDRIA REAL ESTA	8,494	15,607
G3421J106 FERGUSON PLC	3,241	6,458
256219106 DODGE & COX STOCK FU	391,323	468,272
77954Q403 T ROWE PRICE BLUE CH	288,181	745,320
835699307 SONY GROUP CORP - SP	5,507	6,699
GTY995331 AGILITY MULTI-ASSET	128,587	123,588
464287655 ISHARES RUSSELL 2000	127,648	177,738
03990B101 ARES MANAGEMENT CORP	963	1,300
828806109 SIMON PROPERTY GROUP	9,710	9,267
925652109 VICI PROPERTIES INC	14,076	18,909
05606L100 BYD COMPANY LIMITED	2,931	2,970
55274K702 MFS CORPORATE BOND-R	100,000	100,273
59522J103 MID AMERICA APARTMEN	5,838	11,472