TY 2021 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	11,941
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	26,139	22,981
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		21,964
b	Gross sales price for all assets on line 6a 143,950
7	Capital gain net income (from Part IV, line 2)...		21,964
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........	60,044	44,945
	13	Compensation of officers, directors, trustees, etc.	20,747	18,672		2,075
14	Other employee salaries and wages......		0	0	0
15	Pension plans, employee benefits.......		0	0
16a	Legal fees (attach schedule).........		1,500	0	0	1,500
b	Accounting fees (attach schedule).......		1,500	0	0	1,500
c	Other professional fees (attach schedule)....					0
17	Interest...............				0
18	Taxes (attach schedule) (see instructions)...		540	524		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).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	24,287	19,196	0	5,075
25	Contributions, gifts, grants paid.......	68,611			68,611
26	Total expenses and disbursements. Add lines 24 and 25	92,898	19,196	0	73,686
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-32,854
b	Net investment income (if negative, enter -0-)		25,749
c	Adjusted net income (if negative, enter -0-)...			0

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	17,341	28,207	28,207
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,097,225	1,058,551	1,402,335
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	731	638	638
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,115,297	1,087,396	1,431,180
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	1,115,297	1,087,396
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	1,115,297	1,087,396
	30	Total liabilities and net assets/fund balances (see instructions).	1,115,297	1,087,396

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

1,115,297

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

-32,854

Other increases not included in line 2 (itemize) bullet

4,953

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

1,087,396

Decreases not included in line 2 (itemize) bullet

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

1,087,396

(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	1088.048 DOUBLELINE TOTAL RET BD I		2020-09-10	2021-03-29
b	1648.162 NUVEEN ALL AMERICAN MUNI BD FD			2021-03-29
c	1510.199 PGIM TOTAL RETURN BOND CL R6		2020-09-10	2021-03-29
d	91. VANGUARD SHORT TERM INFLATION ETF		2020-01-24	2021-03-29
e	225. VANGUARD SHORT TERM INFLATION ETF		2020-09-10	2021-03-29
	223. SCHWAB U S TIPS ETF			2021-05-05
	113.578 AMERICAN BEACON STEPHENS MID CAP GR			2021-08-06
	4. INVESCO QQQ TRUST ETF		2020-04-07	2021-08-06
	49.516 VANGUARD MIDCAP VALUE INDEX ADMIRAL		2019-12-10	2021-08-06
	14.007 VANGUARD MID CAP INDEX-ADM		2019-12-10	2021-08-06
	36.581 VANGUARD SMALL CAP INDEX FUND		2020-08-28	2021-08-06
	87.012 VANGUARD 500 IDX ADML		2020-01-24	2021-08-06
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	11,425	11,698	-273
b	20,042	19,615	427
c	21,656	22,576	-920
d	4,691	4,487	204
e	11,599	11,475	124
	13,849	12,614	1,235
	4,721	3,416	1,305
	1,473	799	674
	3,661	2,996	665
	4,211	3,022	1,189
	3,916	2,802	1,114
	35,671	26,486	9,185
			7,035
			7,035
			7,035
			7,035
			7,035
			7,035
			7,035
			7,035
			7,035
			7,035
			7,035
			7,035

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			-273
b			427
c			-920
d			204
e			124
			1,235
			1,305
			674
			665
			1,189
			1,114
			9,185

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	21,964
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	358
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	358
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	8
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	350
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	358
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax0	Refunded	11	0

(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
US BANK N A	TRUSTEE 1	20,747
PO BOX 0634 MILWAUKEE,WI532010634

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

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

		(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7					72,454
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......	0
b From 2017......	0
c From 2018......	0
d From 2019......	377
e From 2020......	54,806
f Total of lines 3a through e ........		55,183
4Qualifying distributions for 2021 from Part
XI, line 4: $ 73,686
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.....					72,454
e Remaining amount distributed out of corpus		1,232
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		56,415
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) ...		0
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		56,415
10 Analysis of line 9:
a Excess from 2017....	0
b Excess from 2018....	0
c Excess from 2019....	377
d Excess from 2020....	54,806
e Excess from 2021....	1,232

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2021	(b) 2020	(c) 2019	(d) 2018	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

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

KATIE SCHROEDER ET AL
C/O US BANK PO BOX 0634
MILWAUKEE,WI532010634
(414) 765-6624

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

N/A

cAny submission deadlines:

NONE

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

ALL RECIPIENTS MUST BE A RESIDENT OF JAMESTOWN TOWNSHIP WISCONSIN. GRADUATED FROM HS IN THE LAST 3 YRS. HS GPA GREATER THAN 2.0

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UW-PLATTEVILLE 1 UNIVERSITY PLAZA PLATTEVILLE,WI53818	NONE	I	SCHOLARSHIP	12,026
CLARKE UNIVERSITY 1550 CLARKE DR DUBUQUE,IA52001	NONE	I	SCHOLARSHIP	14,147
UW - LACROSSE 1725 STATE STREET LA CROSSE,WI54601	NONE	I	SCHOLARSHIP	7,073
KIRKWOOD COMMUNITY COLLEGE 6301 KIRKWOOD BLVD S W CEDAR RAPIDS,IA52404	NONE	I	SCHOLARSHIP	7,073
SOUTHWEST TECHNICAL COLLEGE 1800 BRONSON BLVD FENNIMORE,WI53809	NONE	I	SCHOLARSHIP	7,073
CORNELL COLLEGE 600 1ST ST MT VERNON,IA52314	NONE	I	SCHOLARSHIP	7,073
MARIAN UNIVERSITY 45 S NATIONAL AVE FOND DU LAC,WI54935	NONE	I	SCHOLARSHIP	7,073
UW WHITEWATER PO BOX 88 WHITEWATER,WI53190	NONE	I	SCHOLARSHIP	7,073
Total ................................. 3a				68,611

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

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	21,964
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) ..				48,103

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

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

Name of organization KIRSCH SCHOLARSHIP FUND

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	KIRSCH FAMILY TRUST-SCHOLARSHIP FD C/O US BANK PO BOX 0634 MILWAUKEE, WI53201	$ 11,941	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

bApproved for future payment

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

Name of organization KIRSCH SCHOLARSHIP FUND		Employer identification number 84-1800925

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)


Name of organization KIRSCH SCHOLARSHIP FUND			Employer identification number 84-1800925
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.) $ Use duplicate copies of Part III if additional space is needed.

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
06828M876 BARON EMERGING MARKE	AT COST	13,398	16,559
922020805 VANGUARD SHORT-TERM
412295107 HARDING LOEVNER INTE	AT COST	16,803	22,140
46434G103 ISHARES CORE MSCI EM	AT COST	39,731	47,349
024524217 AMERICAN BEACON STEP	AT COST	44,944	66,144
922908686 VANGUARD SMALL CAP I	AT COST	41,310	58,436
922908710 VANGUARD 500 INDEX A	AT COST	365,531	563,689
921937694 VANGUARD MIDCAP VALU	AT COST	41,375	57,082
464288877 ISHARES MSCI EAFE VA	AT COST	15,895	17,082
808524847 SCHWAB US REIT ETF	AT COST	54,539	67,759
149498107 CAUSEWAY EMERGING MA	AT COST	13,315	12,882
922908645 VANGUARD MID-CAP IND	AT COST	42,979	65,008
46090E103 INVESCO QQQ TRUST ET	AT COST	12,579	25,065
31638R683 FIDELITY ADVISOR INT	AT COST	65,732	67,002
09253F408 ISHARES MSCI EAFE IN	AT COST	110,406	130,728
74440B884 PGIM TOTAL RETURN BO
024932154 AMERICAN CENTURY HIG	AT COST	37,166	38,638
808524870 SCHWAB U S TIPS ETF	AT COST	26,356	27,923
258620103 DOUBLELINE TOTAL RET
67065Q855 NUVEEN ALL AMERICAN	AT COST	49,428	52,140
46429B267 ISHARES US TREASURY	AT COST	23,345	23,719
72369L107 PIONEER ILS INTERVAL	AT COST	13,874	13,292
670690486 NUVEEN SHORT TAX FRE	AT COST	29,845	29,698

Category	Amount	Net Investment Income
FOREIGN TAXES	385	385
FEDERAL TAX PAYMENT - PRIOR YE	8	0
FEDERAL ESTIMATES - PRINCIPAL	8	0
FOREIGN TAXES ON NONQUALIFIED	139	139

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