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
GEORGE AND SARAH OHLHAUSEN FOUNDATION
C/O MUCH SHELIST - J RUBENSTEIN
Number and street (or P.O. box number if mail is not delivered to street address)191 N WACKER DRIVE 1800
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL606061615
A Employer identification number

36-4267872
B Telephone number (see instructions)

(312) 521-2435
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$4,330,454J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 3,454 3,454  
4 Dividends and interest from securities... 62,335 62,335  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,381,170
b Gross sales price for all assets on line 6a 7,196,512
7 Capital gain net income (from Part IV, line 2)... 1,381,170
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 3,777 2,873  
12 Total. Add lines 1 through 11........ 1,450,736 1,449,832  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 12,778 6,389   6,389
b Accounting fees (attach schedule)....... Click to see attachment 3,000 1,500   1,500
c Other professional fees (attach schedule)....        
17 Interest............... 71 71   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,183 1,183   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 18,864 18,846   15
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 35,896 27,989   7,904
25 Contributions, gifts, grants paid....... 195,000 195,000
26 Total expenses and disbursements. Add lines 24 and 25 230,896 27,989   202,904
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,219,840
b Net investment income (if negative, enter -0-) 1,421,843
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 238,934 280,432 280,432
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,785,859 Click to see attachment3,964,201 4,050,022
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,024,793 4,244,633 4,330,454
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........... 3,024,793 4,244,633
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)..... 3,024,793 4,244,633
30 Total liabilities and net assets/fund balances (see instructions). 3,024,793 4,244,633
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
3,024,793
2
Enter amount from Part I, line 27a .....................
2
1,219,840
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,244,633
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,244,633
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 PUBLICLY TRADED SECURITIES P    
b ENERGY TRANSFER PARTNERS LP P    
c CAPITAL GAINS DIVIDENDS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 7,194,364   5,815,338 1,379,026
b     4 -4
c 2,148     2,148
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       1,379,026
b       -4
c       2,148
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 1,381,170
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 19,764
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 19,764
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 1,744
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,244
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 15,520
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
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 ofbulletJEFFREY RUBENSTEIN Telephone no.bullet (312) 521-2435

    Located atbullet191 N WACKER DRIVE SUITE 1800CHICAGOIL ZIP+4bullet60606
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JEFFREY RUBENSTEIN PRESIDENT
    15.00     		0 0 0
    191 NORTH WACKER DRIVE STE 1800
    CHICAGO,IL60606
    NORMAN BOBINS TREASURER
    15.00     		0 0 0
    C/O THE PRIVATE BANK TRUST CO 70 W
    MADISON 9TH FLOOR
    CHICAGO,IL60602
    HOWARD M COHEN SECRETARY
    15.00     		0 0 0
    C/O COHEN ROSENSON ZUCKERMAN LLC
    111 E WACKER DRIVE SUITE 2620
    CHICAGO,IL60601
    RICHARD WEXLER ASSISTANT SECRETARY
    5.00     		0 0 0
    502 RAVINE DRIVE
    HIGHLAND PARK,IL60035
    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
    3,535,176
    b
    Average of monthly cash balances.......................
    1b
    375,083
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,910,259
    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
    3,910,259
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    58,654
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    3,851,605
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    192,580
    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
    192,580
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    19,764
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    19,764
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    172,816
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    172,816
    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
    172,816
    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 7 172,816
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 136,147
    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......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 202,904
    a Applied to 2020, but not more than line 2a 136,147
    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..... 66,757
    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 ..........     		106,059
    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....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    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:
    JEFFREY RUBENSTEIN
    191 N WACKER DRIVE STE 1800
    CHICAGO,IL60606
    (312) 521-2435
    JRUBENSTEIN@MUCHLAW.COM
    bThe form in which applications should be submitted and information and materials they should include:
    IN WRITING
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    ANTI-DEFAMATION LEAGUE
    120 S LASALLE STREET SUITE 1150
    CHICAGO,IL60603     		N/A PC DISCRETIONARY USE BY RECEIVING ORGANIZATION 12,500
    CJE SENIOR LIFE
    3003 W TOUHY AVE
    CHICAGO,IL60645     		N/A PC DISCRETIONARY USE BY RECEIVING ORGANIZATION 7,500
    FRIENDS OF ELNET
    641 LEXINGTON AVENUE
    NEW YORK,NY10022     		N/A PC DISCRETIONARY USE BY RECEIVING ORGANIZATION 5,000
    ILLINOIS HOLOCAUST MUSEUM & EDUCATION CENTER
    9603 WOODS DRIVE
    SKOKIE,IL60077     		N/A PC DISCRETIONARY USE BY RECEIVING ORGANIZATION 10,000
    ISRAEL DEFENSE FD
    PO BOX 4224
    NEW YORK,NY10163     		N/A PC DISCRETIONARY USE BY RECEIVING ORGANIZATION 5,000
    JCFS
    216 W JACKSON SUITE 700
    CHICAGO,IL60606     		N/A PC DISCRETIONARY USE BY RECEIVING ORGANIZATION 5,000
    JOAN BACHS BAIS YAAKOV
    6110 N CALIFORNIA
    CHICAGO,IL60659     		N/A PC DISCRETIONARY USE BY RECEIVING ORGANIZATION 5,000
    JUF METROPOLITAN CHICAGO
    30 S WELLS
    CHICAGO,IL60606     		N/A PC DISCRETIONARY USE BY RECEIVING ORGANIZATION 40,000
    MICHIGAN HILLEL
    1429 HILL STREET
    ANN ARBOR,MI48104     		N/A PC DISCRETIONARY USE BY RECEIVING ORGANIZATION 7,500
    NATIONAL COALITION SUPPORTING ERASIAN JEWRY
    1120 20TH ST NW 300N
    WASHINGTON,DC20036     		N/A PC DISCRETIONARY USE BY RECEIVING ORGANIZATION 5,000
    THE ARK
    6450 N CALIFORNIA AVENUE
    CHICAGO,IL60645     		N/A PC DISCRETIONARY USE BY RECEIVING ORGANIZATION 5,000
    UNIVERSITY OF WISCONSIN HILLEL FOUNDATION
    611 LANDGON STREET
    MADISON,WI53703     		N/A PC DISCRETIONARY USE BY RECEIVING ORGANIZATION 7,500
    WORLD ORT
    1745 BROADWAY
    NEW YORK,NY10019     		N/A PC DISCRETIONARY USE BY RECEIVING ORGANIZATION 5,000
    WTTW
    5400 N ST LOUIS AVENUE
    CHICAGO,IL60625     		N/A PC DISCRETIONARY USE BY RECEIVING ORGANIZATION 25,000
    YESHIVA UNIVERSITY
    500 W 185TH STREET
    NEW YORK,NY10033     		N/A PC DISCRETIONARY USE BY RECEIVING ORGANIZATION 5,000
    JCC ASSOCIATION OF NORTH AMERICA
    520 8TH AVE 4TH FLOOR
    NEW YORK,NY10018     		N/A PC DISCRETIONARY USE BY RECEIVING ORGANIZATION 25,000
    AMERICAN JEWISH COMMITTEE
    PO BOX 7247
    PHILADELPHIA,PA19170     		N/A PC DISCRETIONARY USE BY RECEIVING ORGANIZATION 10,000
    JEWISH NATIONAL FUND
    60 REVERE DRIVE SUITE 725
    NORTHBROOK,IL60062     		N/A PC DISCRETIONARY USE BY RECEIVING ORGANIZATION 10,000
    Total .................................bullet 3a 195,000
    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 3,454  
    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 1,381,170  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aENERGY TRANSFER PARTNERS LP     		211110 904      
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 904 1,449,832 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,450,736
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    GEORGE AND SARAH OHLHAUSEN FOUNDATION
     
    C/O MUCH SHELIST - J RUBENSTEIN
    EIN:
    36-4267872
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 3,000 1,500   1,500

    TY 2021 InvestmentsOtherSchedule2
    Name:
    GEORGE AND SARAH OHLHAUSEN FOUNDATION
     
    C/O MUCH SHELIST - J RUBENSTEIN
    EIN:
    36-4267872
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVACARE CORP AT COST 2,708 903
    N-ABLE INC AT COST 2,711 2,020
    SOLARWINDS CORP AT COST 3,555 2,583
    LENSAR INC AT COST 3,350 2,588
    EAGLE BANKCORP MONT AT COST 2,591 2,620
    ACNB CORP AT COST 2,659 2,972
    TERRITORIAL BANCORP AT COST 3,644 3,661
    RIBBON COMMUNICATIONS AT COST 4,827 4,598
    AVADEL PHARMACEUTICALS PLC AT COST 3,826 4,614
    PREMIER INC CL A AT COST 4,441 5,187
    HELMERICH & PAYNE INC AT COST 6,077 5,688
    STEELCASE NEW CL A AT COST 6,153 5,883
    AVISTA CORP AT COST 6,393 6,586
    ALLETE INC AT COST 6,725 6,834
    HALLIBURTON CO AT COST 6,739 6,930
    FOSTER L B CO CL A AT COST 9,360 7,164
    MEDNAX INC AT COST 8,023 7,374
    CRAWFORD & CO CL A AT COST 9,237 7,438
    SIERRA WIRELESS AT COST 8,078 7,524
    TRIPLE S MANAGEMENT CORP CL B AT COST 4,963 7,636
    NATL BANCSHARES INC AT COST 7,554 7,706
    WAYFAIR INC CL A AT COST 10,322 7,979
    RESOURCES CONNECTION AT COST 6,865 8,920
    CAL-MAINE FOOD INC AT COST 8,638 9,063
    ARLO TECHNOLOGIES INC AT COST 6,772 11,056
    PHIBRO ANIMAL AT COST 14,267 11,313
    INGLES MARKETS AT COST 7,919 11,483
    SNAP INC AT COST 13,288 11,616
    FLOWSERVE CORP AT COST 12,289 12,087
    TAYLOR MORRISON HOME AT COST 8,431 12,271
    WORLD FUEL SERVICES CORP AT COST 14,033 12,414
    DOREL INDUSTRIES CL B AT COST 10,234 12,425
    UNITED THERAPEUTICS CORP AT COST 11,452 13,397
    HURCO COMPANIES AT COST 15,567 13,840
    AVNET INC AT COST 13,224 14,018
    SPROTT PHYSICAL AT COST 11,478 14,436
    META PLATFORMS INC CL A AT COST 15,558 14,799
    NATIONAL WESTN LIFE AT COST 15,447 15,010
    EAGLE PHARMACEUTICALS AT COST 14,044 15,021
    ORION GROUP AT COST 20,974 15,265
    PRESTIGE CONSUMER AT COST 13,495 15,708
    NATL PRESTO INDUST AT COST 18,616 15,996
    ENERGY SELECT SECTOR AT COST 15,255 16,206
    MADISON SQUARE GARDEN AT COST 17,155 16,504
    MICHELIN CGDE CL B AT COST 16,504 17,212
    AMERICAN NATL GROUP AT COST 14,575 17,373
    EQUITY COMWLTH REIT AT COST 18,221 17,586
    AIB GROUP AT COST 19,456 18,279
    NETGEAR INC AT COST 23,198 18,285
    KNORR BREMSE AG AT COST 21,640 18,757
    PARK AEROSPACE CORP AT COST 22,187 18,863
    CHESAPEAKE ENERGY AT COST 15,954 18,904
    MOOG INC CL A AT COST 18,406 18,947
    SPIRIT AEROSYSTEMS HOLDINGS INC CL A AT COST 20,576 19,391
    GRAHAM CORP AT COST 20,824 19,506
    STRYKER CORP AT COST 19,339 19,522
    ANGLO AMER PLC AT COST 20,663 20,415
    DRIL-QUIP INC AT COST 26,642 20,703
    SOFTBANK GROUP AT COST 30,543 22,102
    SEAGEN INC AT COST 21,439 22,572
    TAKE-TWO INTERACTIVE AT COST 22,001 22,748
    EMBRAER S A SPON AT COST 19,183 23,022
    TAKEDA PHARMACEUTICAL AT COST 28,269 23,076
    BRITISH AMER TOBACCO AT COST 24,613 23,793
    EDGEWELL PERS CARE AT COST 22,060 24,089
    APTIV PLC AT COST 23,379 24,248
    DOLLAR TREE INC AT COST 17,786 25,294
    AKAMAI TECHNOLOGY AT COST 25,233 25,515
    VMWARE INC CL A AT COST 30,382 25,841
    VERTEX PHARMACEUTICAL AT COST 22,172 26,132
    LIVANOVA PLC AT COST 24,245 26,142
    FANUC CORP AT COST 31,701 26,953
    SAMPO OYJ A AT COST 26,732 27,747
    FREEPORT-MCMORAN INC AT COST 25,330 29,211
    WALT DISNEY CO AT COST 35,005 30,978
    FIDELITY NATL INFO SVCS AT COST 40,623 31,326
    HDFC BANK LTD AT COST 35,486 31,624
    JPMORGAN CHASE AT COST 30,339 31,670
    ISHARES U.S FINANCIAL SERVICES ETF AT COST 31,413 32,437
    INDUSTRIAL SELECT SECTOR SPDR AT COST 32,098 32,907
    UNILEVER PLC AMER AT COST 37,305 33,188
    COMCAST AT COST 38,977 33,771
    SPECTRIS PLC AT COST 34,535 34,016
    HESS CORP AT COST 38,578 34,202
    JOHNSON & JOHNSON AT COST 35,172 34,214
    ASHTEAD GROUP AT COST 34,206 34,687
    MONDELEZ INTL AT COST 33,472 35,343
    APPLE INC AT COST 29,588 35,514
    NXP SEMICONDUCTORS AT COST 32,147 35,989
    CALL BOEING CO 11/19/21 AT COST 42,157 39,196
    AMERIPRISE FINANCIAL AT COST 33,191 39,819
    MICRON TECHNOLOGY AT COST 33,951 39,868
    ALCON INC AT COST 32,632 40,249
    CATERPILLAR INC COM AT COST 41,920 41,348
    HOME DEPOT INC AT COST 33,149 41,501
    SONY GROUP AT COST 37,724 45,757
    WELLS FARGO AT COST 42,312 45,965
    INGERSOLL RAND AT COST 37,571 47,083
    AMAZON AT COST 55,620 50,015
    UNITEDHEALTH GROUP AT COST 41,729 50,214
    SALESFORCE.COM AT COST 48,077 50,826
    RAYTHEON CO AT COST 51,559 51,636
    EATON CORP AT COST 52,108 51,846
    ISHARES 3-7 YEAR TREAS BOND AT COST 57,849 56,872
    ALPHABET INC CL A AT COST 56,830 57,941
    NVIDIA CORP AT COST 38,570 58,822
    AMAZON AT COST 68,517 66,687
    THERMO FISHER SCIENTIFIC INC AT COST 55,799 66,724
    MICROSOFT CORP AT COST 57,036 67,264
    MASTERCARD INC AT COST 71,296 71,864
    ISHARES CORE MSCI EUROPE ETF AT COST 77,284 76,771
    FINANCIAL SELECT SECTOR SPDR AT COST 90,932 96,297
    VANGUARD FTSE PAC ETF AT COST 102,729 97,591
    COMM SERVICES SELECT AT COST 104,149 98,421
    HEALTH CARE SELECT SECTOR SPDR AT COST 90,203 98,623
    ISRAEL BONDS AT COST 100,000 100,000
    CONSUMER DISCRETIONARY SELECT AT COST 90,770 101,198
    SPDR PORTFOLIO SHORT TERM CORPORATE BOND ETF AT COST 122,442 121,340
    VANGUARD FTSE ALL WORLD EX-US ETF AT COST 180,668 174,587
    TECHNOLOGY SELECT SECTOR SPDR ETF AT COST 160,727 183,433
    VANGUARD INTER TERM AT COST 253,566 246,834

    TY 2021 LegalFeesSchedule
    Name:
    GEORGE AND SARAH OHLHAUSEN FOUNDATION
     
    C/O MUCH SHELIST - J RUBENSTEIN
    EIN:
    36-4267872
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 12,778 6,389   6,389


    TY 2021 OtherExpensesSchedule
    Name:
    GEORGE AND SARAH OHLHAUSEN FOUNDATION
     
    C/O MUCH SHELIST - J RUBENSTEIN
    EIN:
    36-4267872
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 18,801 18,801   0
    ANNUAL FILING FEES 15 0   15
    NONDEDUCTIBLE EXPENSES 3 0   0
    BANK SEREVICE FEE 45 45   0


    TY 2021 OtherIncomeSchedule2
    Name:
    GEORGE AND SARAH OHLHAUSEN FOUNDATION
     
    C/O MUCH SHELIST - J RUBENSTEIN
    EIN:
    36-4267872
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS INCOME 2,873 2,873 2,873
    ENERGY TRANSFER PARTNERS LP 904   904


    TY 2021 TaxesSchedule
    Name:
    GEORGE AND SARAH OHLHAUSEN FOUNDATION
     
    C/O MUCH SHELIST - J RUBENSTEIN
    EIN:
    36-4267872
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,183 1,183   0