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
THE GENERATION TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 630858
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CINCINNATI, OH452630858
A Employer identification number

34-6850815
B Telephone number (see instructions)

(513) 534-5310
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$38,204,506J 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) 20,000
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 474,559 474,559  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 881,000
b Gross sales price for all assets on line 6a 2,327,444
7 Capital gain net income (from Part IV, line 2)... 881,000
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........ 1,375,559 1,355,559  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 128,512 89,958   38,554
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)....... Click to see attachment 1,175 588 0 588
c Other professional fees (attach schedule).... Click to see attachment 9,475 9,475   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 195 195   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)....... Click to see attachment 12,899 543   12,356
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 152,256 100,759 0 51,498
25 Contributions, gifts, grants paid....... 100,000 100,000
26 Total expenses and disbursements. Add lines 24 and 25 252,256 100,759 0 151,498
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,123,303
b Net investment income (if negative, enter -0-) 1,254,800
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 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............. 7 325,000 325,000
2 Savings and temporary cash investments......... 3,586,648 4,298,786 4,298,786
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)....... 13,381,549 Click to see attachment1,931,520 5,390,358
c Investments—corporate bonds (attach schedule)....... 2,104,168 Click to see attachment306,654 252,539
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 521,769 Click to see attachment13,855,880 19,761,038
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment3,827,783 Click to see attachment3,827,783 Click to see attachment8,176,785
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,421,924 24,545,623 38,204,506
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
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 23,421,924 24,545,623
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)..... 23,421,924 24,545,623
30 Total liabilities and net assets/fund balances (see instructions). 23,421,924 24,545,623
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
23,421,924
2
Enter amount from Part I, line 27a .....................
2
1,123,303
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
34,239
4
Add lines 1, 2, and 3 ..........................
4
24,579,466
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
33,843
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
24,545,623
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 1912.283 PARTNERSELECT ALTERNATIVE STRATEGIES   2020-08-25 2021-01-21
b 24.383 PARTNERSELECT ALTERNATIVE STRATEGIES   2020-08-25 2021-01-21
c 184.725 PARTNERSELECT ALTERNATIVE STRATEGIES   2020-08-25 2021-01-21
d 1468.225 PARTNERSELECT ALTERNATIVE STRATEGIES   2016-12-28 2021-01-21
e 193.49 PARTNERSELECT ALTERNATIVE STRATEGIES   2017-01-24 2021-01-21
15379.163 PARTNERSELECT ALTERNATIVE STRATEGIES   2016-12-28 2021-01-21
2606.904 PARTNERSELECT ALTERNATIVE STRATEGIES   2020-05-27 2021-01-21
33.542 PARTNERSELECT ALTERNATIVE STRATEGIES   2020-05-27 2021-01-21
256.052 PARTNERSELECT ALTERNATIVE STRATEGIES   2020-05-27 2021-01-21
107. CHUBB LIMITED ISIN# CH0044328745 [QDI]   2019-05-23 2021-03-11
129. STANLEY BLACK & DECKER INC   2019-05-23 2021-03-25
125000. CIT BK SALT LAKE CITY UTAH 04/02/14 2.650 04/05/21   2019-07-01 2021-04-05
246. ISHARES TR 1-3 YR TREAS INDEX FD ETF   2021-03-18 2021-04-22
100. ALLIANT CORP   2012-08-20 2021-05-18
10. AMERICAN EXPRESS CO   2020-05-21 2021-05-18
30. BANK OF AMERICA CORP   2016-06-06 2021-05-18
20. ILLINOIS TOOL WKS INC   2000-10-27 2021-05-18
15. J P MORGAN CHASE & CO   2010-07-14 2021-05-18
300. LUMEN TECHNOLOGIES INC   2019-08-06 2021-05-18
10. MARSH & MCLENNAN COS INC   2019-08-06 2021-05-18
95. ORACLE CORP   2001-03-13 2021-05-18
5. ORACLE CORP   1999-11-02 2021-05-18
10. PNC BANK CORP   2011-06-28 2021-05-18
20. SHERWIN WILLIAMS CO   2016-12-16 2021-05-18
100000. SYNCHRONY BK RETAIL CTF DEP 05/18/18 2.950 05/18/21   2019-03-05 2021-05-18
40. MEDTRONIC PLC SEDOL BTN1Y11 [QDI]   2020-12-10 2021-05-18
15. BERKSHIRE HATHAWAY INC DEL CL B NEW   2018-02-26 2021-05-19
100000. PRIVATEBANK & TR CHICAGO ILL 05/26/16 1.400 05/26/21   2019-03-05 2021-05-26
11. LVMH MOET HENNESSY LOU-ADR [QDI]   2018-02-26 2021-06-03
51. TENCENT HOLDINGS LTD ADR [QDI]   2020-01-15 2021-06-03
.5 ORGANON & CO   2019-05-23 2021-06-09
.3 ORGANON & CO   2020-12-10 2021-06-14
.1 ORGANON & CO   2020-12-10 2021-06-14
1. BROOKFIELD ASSET MGMT REINS CL A ISIN# BMG161691073   2021-06-28 2021-06-30
.2 BROOKFIELD ASSET MGMT REINS CL A ISIN# BMG161691073   2021-06-28 2021-07-02
85. AMERICAN EXPRESS CO   2020-05-21 2021-07-13
24. INTUITIVE SURGICAL INC   2019-08-06 2021-07-13
4233. ISHARES SILVER TR ISHARES [WHFIT]   2020-10-20 2021-07-13
57. ISHARES SILVER TR ISHARES [WHFIT]   2020-10-20 2021-07-13
434. ISHARES SILVER TR ISHARES [WHFIT]   2020-10-20 2021-07-13
121. ISHARES SILVER TR ISHARES [WHFIT]   2020-12-01 2021-07-13
16. ISHARES SILVER TR ISHARES [WHFIT]   2020-12-01 2021-07-13
1540. ISHARES SILVER TR ISHARES [WHFIT]   2020-12-01 2021-07-13
3200. LUMEN TECHNOLOGIES INC   2019-08-06 2021-07-13
3.3 ORGANON & CO   2020-12-10 2021-07-13
22.7 ORGANON & CO   2009-10-07 2021-07-13
18. ORGANON & CO   2020-12-10 2021-07-13
50. ORGANON & CO   2017-12-13 2021-07-13
60. ORGANON & CO   2017-12-14 2021-07-13
1107.84 PGIM TOTAL RETURN BOND FUND CL R6   2020-12-01 2021-07-13
14.393 PGIM TOTAL RETURN BOND FUND CL R6   2020-12-01 2021-07-13
109.625 PGIM TOTAL RETURN BOND FUND CL R6   2020-12-01 2021-07-13
694.092 PGIM TOTAL RETURN BOND FUND CL R6   2021-01-21 2021-07-13
91.456 PGIM TOTAL RETURN BOND FUND CL R6   2021-01-21 2021-07-13
7402.559 PGIM TOTAL RETURN BOND FUND CL R6   2021-01-21 2021-07-13
750. VERIZON COMMUNICATIONS   2017-07-20 2021-07-13
6.1 ORGANON & CO   2021-03-24 2021-07-15
18.9 ORGANON & CO   2019-05-23 2021-07-15
13. ALIBABA GROUP HLDG LTD SPONSORED ADS   2019-11-05 2021-07-21
200000. DISCOVER BK GREENWOOD DEL 08/24/16 1.550 08/24/21   2020-02-25 2021-08-24
150000. APEX BK CAMDEN TENN 09/30/16 1.500 09/30/21   2020-02-25 2021-09-30
205. RAYTHEON TECHNOLOGIES CORP   2019-05-23 2021-11-11
1. OPPENHEIMER PRIVATE EQUITY OFFSHORE FUND I LP     2021-12-31
1. OPPENHEIMER GLOBAL RECOURCE PRIVATE EQUITY     2021-12-31
1. OPPENHEIMER GLOBAL RECOURCE PRIVATE EQUITY     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    
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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    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 23,330   22,049 1,281
b 297   281 16
c 2,254   2,130 124
d 17,912   16,841 1,071
e 2,361   2,227 134
187,626   176,399 11,227
31,804   29,041 2,763
409   374 35
3,124   2,852 272
18,385   15,648 2,737
25,076   17,072 8,004
125,000   126,676 -1,676
21,220   21,220  
5,772   2,287 3,485
1,557   899 658
1,271   440 831
4,678   504 4,174
2,450   603 1,847
4,360   3,586 774
1,342   977 365
7,491   1,579 5,912
394   67 327
1,951   578 1,373
5,670   1,798 3,872
100,000   100,972 -972
5,050   4,530 520
4,283   3,093 1,190
100,000   97,811 2,189
1,749   677 1,072
12,769   8,494 4,275
15   19 -4
9   12 -3
3   4 -1
55   52 3
10   10  
14,696   7,641 7,055
22,950   12,096 10,854
102,579   96,855 5,724
1,381   1,304 77
10,516   9,930 586
2,932   2,667 265
388   353 35
37,319   33,942 3,377
42,912   38,256 4,656
97   130 -33
666   349 317
528   712 -184
1,467   1,360 107
1,761   1,615 146
16,307   16,640 -333
212   216 -4
1,614   1,647 -33
10,217   10,377 -160
1,346   1,367 -21
108,966   110,668 -1,702
42,052   32,655 9,397
176   222 -46
546   727 -181
2,746   2,436 310
200,000   200,546 -546
150,000   150,150 -150
18,265   15,581 2,684
2,974   1 2,973
59,758   1 59,757
1   34,198 -34,197
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
      752,395
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       1,281
b       16
c       124
d       1,071
e       134
      11,227
      2,763
      35
      272
      2,737
      8,004
      -1,676
       
      3,485
      658
      831
      4,174
      1,847
      774
      365
      5,912
      327
      1,373
      3,872
      -972
      520
      1,190
      2,189
      1,072
      4,275
      -4
      -3
      -1
      3
       
      7,055
      10,854
      5,724
      77
      586
      265
      35
      3,377
      4,656
      -33
      317
      -184
      107
      146
      -333
      -4
      -33
      -160
      -21
      -1,702
      9,397
      -46
      -181
      310
      -546
      -150
      2,684
      2,973
      59,757
      -34,197
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 881,000
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 17,442
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 17,442
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 14,117
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 12,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 26,117
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 8,675
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet8,675 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletOH
    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 addressbullet  
    14
    The books are in care ofbulletFIFTH THIRD BANK NA Telephone no.bullet (419) 259-6803

    Located atbullet550 N SUMMIT ST 22ND FLOORTOLEDOOH ZIP+4bullet43604
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    FIFTH THIRD BANK N A TRUSTEE
    1     		68,512    
    PO BOX 630858
    CINCINNATI,OH45202
    CAROLYN BECKETT EXECUTIVE DIR
    40     		60,000    
    PO BOX 1868
    TOLEDO,OH43603
    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.........................bullet  
    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
    25,050,097
    b
    Average of monthly cash balances.......................
    1b
    3,417,105
    c
    Fair market value of all other assets (see instructions)................
    1c
    7,499,415
    d
    Total (add lines 1a, b, and c).........................
    1d
    35,966,617
    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
    35,966,617
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    539,499
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    35,427,118
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,771,356
    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
    1,771,356
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    17,442
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    17,442
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,753,914
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,753,914
    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
    1,753,914
    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 1,753,914
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 1,696,925
    b From 2017...... 1,616,527
    c From 2018...... 1,677,511
    d From 2019...... 1,117,377
    e From 2020...... 0
    f Total of lines 3a through e ........ 6,108,340
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 151,498
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 151,498
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 1,602,416 1,602,416
    (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 4,505,924
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		94,509
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		4,411,415
    10 Analysis of line 9:
    a Excess from 2017.... 1,616,527
    b Excess from 2018.... 1,677,511
    c Excess from 2019.... 1,117,377
    d Excess from 2020.... 0
    e Excess from 2021.... 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    FORSAMLINGEN BETEL
    GARDESVAGEN 35
    VAGNHARAD   61072
    SW     		NONE PC EDUCATION 85,000
    EDITORIAL CLIE
    C/O CAIXABANK
    C RAVEL DE MONTSERRATT 22
    TERRASSA   08221
    SP     		NONE PC EDUCATION 15,000
    Total .................................bullet 3a 100,000
    bApproved for future payment
    Total .................................bullet 3b  
    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 ...........     		         
    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 ............     		    18 881,000  
    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) ..   1,355,559  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,355,559
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


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

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

    34-6850815
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    THE GENERATION TRUST
          		Employer identification number
    34-6850815
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    JEFFREY AND LIS COORS
    PO BOX 1868
     
    TOLEDO, OH43603

    		$ 20,000


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    THE GENERATION TRUST
          		Employer identification number

    34-6850815
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    THE GENERATION TRUST
          		Employer identification number

    34-6850815
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    THE GENERATION TRUST
    EIN:
    34-6850815
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,175 588   588

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    THE GENERATION TRUST
    EIN:
    34-6850815
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    FORSAMLINGEN BETEL
          		 
          		2021-12-15 85,000 HELP NEEDY PEOPLE AND BIBLE TRANSLATIONS   NO 05/02/2022 2022-05-02  
    EDITORIAL CLIE
          		 
          		2021-04-21 15,000 TRANSLATION OF BIBLES   NO 05/02/2022 2022-05-02  

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE GENERATION TRUST
    EIN:
    34-6850815
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CAPITAL ONE BK USA NATL ASSN 8    
    CIT BK SALT LAKE CITY UTAH 4-5    
    DISCOVER BK GREENWOOD DEL 8-24    
    GE CAP RETAIL BK DRAPER UTAH 5    
    GOLDMAN SACHS NY 2-8-22    
    LEHMAN BROTHERS HLDGS INC 7-9-    
    MORGAN STANLEY BK N A UTAH 1-1    
    PRIVATEBANK & TR CHICAGO ILL 5    
    PGIM TOTAL RETURN BOND FUND CL    
    SYNCHRONY BK RETAIL CTF DEP 5/    
    WELLS FARGO BANK NATL ASSN 2-1    
    WELLS FARGO & CO MTN 7/22/22    
    APEX BK CAMDEN TENN 9-30-21    
    BARINGS ACTIVE SHORT DURATION    
    CAPITAL ONE NATL ASSN MCLEAN 1    
    38143AJP1 GOLDMAN SACHS NY 02/ 102,436 100,276
    52517P4C2 LEHMAN BROTHERS HLDG 51,908 409
    95000U2B8 WELLS FARGO & CO MTN 152,310 151,854

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE GENERATION TRUST
    EIN:
    34-6850815
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALLIANT ENERGY CORP    
    ALPHABET INC CAP STK CL A    
    AMAZON COM INC COM    
    AMERICAN EXPRESS CO    
    APPLE COMPUTER INC    
    BANK OF AMERICA CORP    
    COCA COLA CO    
    DANAHER CORPORATION    
    DISNEY, WALTER CO    
    EMERSON ELEC CO    
    GILEAD SCIENCES INC COM    
    HOME DEPOT INC    
    HONEYWELL INTERNATIONAL INC    
    ILLINOIS TOOL WKS INC    
    INTEL CORP    
    INTUITIVE SURGICAL INC    
    J P MORGAN CHASE & CO    
    MARATHON PETROLEUM CORP    
    MARSH & MCLENNAN COS INC    
    MASTERCARD INC    
    MCDONALDS CORP    
    MERCK & CO INC    
    MICROSOFT CORP    
    MICRON TECHNOLOGY INC COM    
    MONDELEZ INTL INC CL A    
    ORACLE CORP    
    PNC BANK CORP    
    PALO ALTO NETWORKS INC    
    PEPSICO INC    
    PIONEER NATURAL RESOURCES CO C    
    SHERWIN WILLIAMS CO    
    VERIZON COMMUNICATIONS COM    
    MEDTRONIC PLC SEDOL BTN1Y11 [    
    053015103 AUTOMATIC DATA PROCE 8,804 31,809
    AUTOZONE INC    
    CENTURYLINK INC COM    
    CHEVRON CORPORATION    
    COMCAST CORP CL A    
    AMERICAN FUNDS EUROPACIFIC GRO    
    FACEBOOK INC    
    GRANDEUR PEAK INTL STALWARTS    
    HARBOR INTERNATIONAL    
    HARBOR INTERNATIONAL INST    
    HARBOR CAPITAL APPRECIATION FD    
    ISHARES MSCI EUROZONE ETF    
    ISHARES S&P 100 INDEX FUND    
    ISHARES MSCI EAFE INDEX FD    
    ISHARES CORE S&P MID-CAP ETF    
    ISHARES CORE S&P SMALL-CAP ETF    
    ISHARES MSCI EUROPE FINANCIALS    
    ISHARES CORE MSCI EAFE    
    ISHARES CORE MSCI EMK ETF    
    ESG AWARE MSCI EAFE ETF    
    JANUS HENDERSON INTERNATIONAL    
    JANUS HENDERSON INTERNATIONAL    
    LORD ABBETT INTL OPP C    
    MFS VALUE FUND CLASS I    
    NORFOLK SOUTHN CORP    
    NUVEEN INTL GROWTH FUNDCLASS A    
    PACKAGING CORP AMER    
    PUTNAM INTL EQUITY CL-A    
    SERVICENOW INC    
    THORNBURG INTERNATIONAL VALUE    
    VANGUARD TOTAL INTL STOCK INDE    
    VANGUARD WHITEHALL FDS INTL DI    
    VOYA GLOBAL EQUITY FUND CLASS    
    WALMART INC    
    BLACKROCK GLOBAL ALLOCATION C    
    LITMAN GREGORY MASTERS ALT    
    INVESCO OPPENHEIMER DEVELOPING    
    INVESCO INTERNATIONAL GROWTH C    
    INVESCO OPPENHEIMER INTERNATIO    
    STIFEL X4078 123,372 224,091
    STIFEL X4458 508,608 749,588
    018802108 ALLIANT CORP 35,801 98,475
    02079K305 ALPHABET INC CAP STK 29,442 260,734
    023135106 AMAZON.COM INC 31,919 196,726
    025816109 AMERICAN EXPRESS CO 35,057 63,804
    037833100 APPLE INC 14,059 302,579
    053332102 AUTOZONE INC 5,011 25,157
    060505104 BANK AMER CORP 48,289 142,501
    166764100 CHEVRON CORPORATION 5,978 9,975
    191216100 COCA COLA CO 31,819 71,644
    20030N101 COMCAST CORP CL A 4,160 17,263
    235851102 DANAHER CORP 49,587 207,605
    247361702 DELTA AIR LINES INC 79,192 74,252
    254687106 DISNEY WALT CO 76,024 91,850
    291011104 EMERSON ELEC CO 9,810 93,249
    30303M102 META PLATFORMS INC C 7,331 29,599
    31428X106 FEDEX CORPORATION 19,319 19,657
    375558103 GILEAD SCIENCES INC 19,015 67,527
    437076102 HOME DEPOT INC 30,269 214,975
    438516106 HONEYWELL INTL INC 50,917 92,787
    452308109 ILLINOIS TOOL WKS IN 8,937 87,614
    458140100 INTEL CORP 16,959 97,335
    46120E602 INTUITIVE SURGICAL I 28,223 60,362
    46625H100 JPMORGAN CHASE & CO 34,319 131,747
    56585A102 MARATHON PETROLEUM C 34,919 56,951
    571748102 MARSH & MCLENNAN COS 47,882 85,172
    57636Q104 MASTERCARD INC 14,164 187,565
    580135101 MCDONALDS CORP 14,114 130,014
    58933Y105 MERCK & CO INC 93,519 128,219
    594918104 MICROSOFT CORP 9,533 324,549
    595112103 MICRON TECHNOLOGY IN 47,621 104,794
    609207105 MONDELEZ INTL INC CL 18,640 66,310
    655844108 NORFOLK SOUTHN CORP 3,927 22,626
    68389X105 ORACLE CORPORATION 20,859 140,844
    693475105 PNC FINANCIAL SERVIC 33,300 115,299
    695156109 PACKAGING CORP AMER 3,181 15,793
    697435105 PALO ALTO NETWORKS I 71,896 146,985
    70450Y103 PAYPAL HLDGS INC 26,112 23,950
    713448108 PEPSICO INC 12,425 60,799
    723787107 PIONEER NATURAL RESO 29,196 56,019
    81762P102 SERVICENOW INC 16,596 27,912
    824348106 SHERWIN WILLIAMS CO 22,469 88,040
    931142103 WALMART INC 9,917 26,334
    G5960L103 MEDTRONIC PLC 89,029 119,278

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE GENERATION TRUST
    EIN:
    34-6850815
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    COHEN & STEERS REALTY SHARES I      
    ISHARES SILVER TR      
    NORTHERN MULTI-MANAGER GLOBAL      
    00143W859 INVESCO OPPENHEIMER AT COST 941,306 1,263,741
    008882789 INVESCO INTERNATIONA AT COST 100,423 82,107
    00900W647 INVESCO OPPENHEIMER AT COST 156,827 201,319
    04314H717 ARTISAN HIGH INCOME AT COST 147,735 144,690
    057071854 BAIRD AGGREGATE BOND AT COST 366,419 356,388
    09251T301 BLACKROCK GLOBAL ALL AT COST 369,210 404,136
    1404204Q0 CAPITAL ONE BK USA N AT COST 101,467 101,343
    14042RKQ3 CAPITAL ONE NATL ASS AT COST 102,514 102,029
    192476505 COHEN & STEERS REALT AT COST 258,122 373,125
    298706110 AMERICAN FUNDS EUROP AT COST 698,261 1,075,525
    31761R757 GRANDEUR PEAK INTL S AT COST 589,913 827,487
    36160KJC0 GE CAP RETAIL BK DRA AT COST 76,763 75,718
    411511306 HARBOR INTERNATIONAL AT COST 466,852 581,674
    411511504 HARBOR CAPITAL APPRE AT COST 799,331 1,678,779
    464286608 ISHARES MSCI EUROZON AT COST 87,080 98,020
    464287101 ISHARES S&P 100 INDE AT COST 2,504,441 4,193,272
    464287465 ISHARES MSCI EAFE IN AT COST 66,519 78,680
    464287507 ISHARES CORE S&P MID AT COST 425,555 705,152
    464287804 ISHARES CORE S&P SMA AT COST 427,158 725,421
    464289180 ISHARES MSCI EUROPE AT COST 74,562 60,150
    46432F842 ISHARES CORE MSCI EA AT COST 127,778 149,280
    46434G103 ISHARES CORE MSCI EM AT COST 95,745 101,762
    46435G516 ESG AWARE MSCI EAFE AT COST 743,385 1,073,505
    47103X294 JANUS HENDERSON INTE AT COST 63,206 68,139
    47103X310 JANUS HENDERSON INTE AT COST 172,247 176,683
    543915839 LORD ABBETT INTL OPP AT COST 99,994 124,315
    552983694 MFS VALUE FUND CLASS AT COST 1,096,020 2,038,856
    57630C580 MASSMUTUAL SHORT-DUR AT COST 394,585 393,858
    61747MF55 MORGAN STANLEY BK N AT COST 152,411 150,099
    665162384 NORTHERN MULTI-MANAG AT COST 197,814 218,930
    670725738 NUVEEN INTL GROWTH F AT COST 220,697 283,412
    74440B884 PGIM TOTAL RETURN BO AT COST 359,213 361,161
    74680E101 PUTNAM INTL EQUITY C AT COST 196,106 206,515
    87234N765 TCW EMERGING MARKETS AT COST 146,901 134,995
    885215640 THORNBURG INTERNATIO AT COST 440,873 470,506
    921909768 VANGUARD TOTAL INTL AT COST 53,357 63,570
    921946810 VANGUARD WHITEHALL F AT COST 191,269 264,802
    92913X811 VOYA GLOBAL EQUITY F AT COST 234,591 244,587
    949763NP7 WELLS FARGO BANK NAT AT COST 109,230 107,307

    TY 2021 OtherAssetsSchedule
    Name:
    THE GENERATION TRUST
    EIN:
    34-6850815
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    MINNESOTA LIFE POL#2-233-669V 2,992,783 2,992,783 7,931,351
    OPPENHEIMER PRIVATE EQUITY I 630,000 630,000 66,974
    OPPENHEIMER GLOBAL RECOURCE 205,000 205,000 178,460


    TY 2021 OtherDecreasesSchedule
    Name:
    THE GENERATION TRUST
    EIN:
    34-6850815
    Description Amount
    RETURN OF CAPITAL 490
    2021 TRANSACTION POSTED IN 2022 7,296
    2020 TRANSACTION POSTED IN 2021 17,501
    PAYROLL FEES ADJUSTMENT 5,984
    SALES ROC 2,572


    TY 2021 OtherExpensesSchedule
    Name:
    THE GENERATION TRUST
    EIN:
    34-6850815
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER NON-ALLOCABLE EXPENSE - 12,356 0   12,356
    OTHER EXPENSE (NON-DEDUCTIBLE 43 43   0
    SCHEDULE C - OTHER EXPENSES 500 500   0


    TY 2021 OtherIncreasesSchedule
    Name:
    THE GENERATION TRUST
    EIN:
    34-6850815
    Description Amount
    ML STATEMENTS BEGINNING BAL ADJUSTMENT 39
    ROUNDING 2
    OPPEHEIMER GLOBAL EQUTY GAIN ADJ 34,198


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE GENERATION TRUST
    EIN:
    34-6850815
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMNT MNGMNT FEES (NON-DED 9,475 9,475    


    TY 2021 TaxesSchedule
    Name:
    THE GENERATION TRUST
    EIN:
    34-6850815
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 195 195   0