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 HBB FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)7985 KESLINGER ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DEKALB, IL60115
A Employer identification number

36-6104969
B Telephone number (see instructions)

(815) 756-2431
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$20,497,156J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 312,847 312,847  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,443,974
b Gross sales price for all assets on line 6a 3,701,977
7 Capital gain net income (from Part IV, line 2)... 1,443,974
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 14,150 14,150  
12 Total. Add lines 1 through 11........ 1,770,971 1,770,971  
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).........        
b Accounting fees (attach schedule)....... Click to see attachment 13,440 6,720   6,720
c Other professional fees (attach schedule).... Click to see attachment 91,658 83,758   7,900
17 Interest............... 6,946 6,946   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,430 1,430   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 694 0   694
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 114,168 98,854   15,314
25 Contributions, gifts, grants paid....... 869,500 869,500
26 Total expenses and disbursements. Add lines 24 and 25 983,668 98,854   884,814
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 787,303
b Net investment income (if negative, enter -0-) 1,672,117
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............. 113,433 109,337 109,337
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 10,602,901 Click to see attachment11,425,770 16,164,801
c Investments—corporate bonds (attach schedule)....... 4,088,778 Click to see attachment4,082,778 4,151,642
11 Investments—land, buildings, and equipment: basis bullet2,069,559
Less: accumulated depreciation (attach schedule) bullet1,998,183 71,376 71,376 71,376
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet14,162
Less: accumulated depreciation (attach schedule) bullet14,162      
15 Other assets (describe bullet) Click to see attachment28,335 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 14,904,823 15,689,261 20,497,156
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........... 14,904,823 15,689,261
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)..... 14,904,823 15,689,261
30 Total liabilities and net assets/fund balances (see instructions). 14,904,823 15,689,261
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
14,904,823
2
Enter amount from Part I, line 27a .....................
2
787,303
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
15,692,126
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,865
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
15,689,261
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 INTUITIVE SURGICAL P 2020-01-01 2021-09-17
b BESSEMER #6422 P 2021-01-01 2021-12-31
c BESSEMER #6422 P 2020-01-01 2021-12-31
d BESSEMER #N00X4 P 2021-01-01 2021-12-31
e AMGEN INC P 2018-07-05 2021-11-02
IBEX ISRAEL FUND LLP P 2021-01-01 2021-12-31
IBEX ISRAEL FUND LLP P 2020-01-01 2021-12-31
IBEX ISRAEL FUND LLP - SEC 988 GAIN (LOSS) P    
BESSEMER #N1139 P 2021-01-01 2021-12-31
BESSEMER #N1139 P 2021-01-01 2021-12-31
ARROWMARK GLOBAL OPP. FUND P 2021-01-01 2021-12-31
CAPITAL GAINS 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 112     112
b 342,210   357,200 -14,990
c 1,184,066   800,346 383,720
d 196,467   200,590 -4,123
e 8,923   8,671 252
70,733     70,733
329,098     329,098
    733 -733
142,517   119,202 23,315
979,885   771,261 208,624
19,080     19,080
428,886     428,886
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       112
b       -14,990
c       383,720
d       -4,123
e       252
      70,733
      329,098
      -733
      23,315
      208,624
      19,080
      428,886
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 1,443,974
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 23,242
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 23,242
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 11,988
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 13,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 25,488
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 2,246
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet2,246 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletBRIGITTE MICKEY Telephone no.bullet (815) 756-2431

    Located atbullet7985 KESLINGER ROADDEKALBIL ZIP+4bullet60115
    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
    MEREDITH LEDERHOS SECRETARY
    2.00     		0 0 0
    7985 KESLINGER ROAD
    DEKALB,IL60115
    TAYLOR KIRKPATRICK PRESIDENT
    2.00     		0 0 0
    7985 KESLINGER ROAD
    DEKALB,IL60115
    TIMOTHY KIRKPATRICK VICE PRESIDENT
    2.00     		0 0 0
    7985 KESLINGER ROAD
    DEKALB,IL60115
    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
    19,202,636
    b
    Average of monthly cash balances.......................
    1b
    394,735
    c
    Fair market value of all other assets (see instructions)................
    1c
    71,376
    d
    Total (add lines 1a, b, and c).........................
    1d
    19,668,747
    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
    19,668,747
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    295,031
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    19,373,716
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    968,686
    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
    968,686
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    23,242
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    23,242
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    945,444
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    945,444
    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
    945,444
    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 7 945,444
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017...... 2,006,624
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 2,006,624
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 884,814
    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..... 884,814
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 60,630 60,630
    (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 1,945,994
    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 ......     		1,945,994
    10 Analysis of line 9:
    a Excess from 2017.... 1,945,994
    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 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
    AMERICAN SADDLE HORSE MUSEUM ASSOCIATION INC
    4083 IRON WORKS PARKWAY
    LEXINGTON,KY40511     		  PC FOR EQUINE COMMUNITY 12,500
    CHATTAHOOCHEE RIVERKEEPER
    916 JOSEPH LOWERY BLVD NW
    ATLANTA,GA30318     		  PC ENVIRONMENTAL STUDY 20,000
    CHILDREN'S HOSPITAL COLORADO FOUNDATION
    13123 E 16TH AVENUE B045
    AURORA,CO80045     		  PC PHILANTHROPIC SUPPORT CHILDREN/FAMILIES 2,000
    COLORADO MOUNTAIN COLLEGE FOUNDATION
    PO BOX 1763
    GLENWOOD SPRINGS,CO81602     		  PC ENGLISH AS A SECOND LANGUAGE PROGRAM 10,000
    DEKALB AREA AGRICULTURAL HERITAGE ASSOCIATION INC
    2280 BETHANY RD
    DEKALB,IL60115     		  PC INNOVATORS PROGRAM 1,000
    DENISON UNIVERSITY
    100 W COLLEGE ST
    GRANVILLE,OH43023     		  PC EXPANDING SCHOLARSHIPS 75,000
    DENVER PUBLIC LIBRARY FRIENDS FOUNDATION
    10 W 14TH AVENUE PARKWAY
    DENVER,CO80204     		  PC EXPANDING LIBRARY SUPPORT 100,000
    FRESH START NEW BEGINNING
    4400 NORTH SCOTTSDALE ROAD
    SCOTTSDALE,AZ85251     		  PC GENERAL OPERATING EXPENSE 100,000
    GRALAND COUNTRY DAY SCHOOL
    55 CLERMONT STREET
    DENVER,CO80220     		  PC 2019 PLEDGE ANNUAL FUND 35,000
    GREENHOUSE SCHOLARS
    1820 FOLSOM STREET
    BOULDER,CO80302     		  PC GENERAL OPERATIONS 55,000
    HANDS ON ATLANTA
    600 MEANS STREET NW 100
    ATLANTA,GA30318     		  PC CIVIC ADVANCEMENT 10,000
    THE HOLY INNOCENTS' EPISCOPAL SCHOOL DEVELOPMENT OFFICE
    805 MT VERNON HIGHWAY NW
    ATLANTA,GA30327     		  PC ACADEMIC ARTS ATHLETIC PROGRAMS 10,000
    INVEST IN KIDS
    1775 SHERMAN STREET 1445
    DENVER,CO80203     		  PC IMPROVING HEALTH & WELL BEING KIDS 5,000
    TFALLS FOUNDATION
    224 SABLE TRACE DRIVE
    ACWORTH,GA30102     		  PC AT RISK KIDS PROGRAM 25,000
    THE ALLIANCE THEATREROBERT W WOODRUFF ARTS CENTER
    1280 PEACHTREE STREET NE
    ATLANTA,GA30309     		  PC ADVANCEMENT OF EDUCATION 20,000
    THE TAFT SCHOOL
    110 WOODBURY ROAD
    WATERTOWN,CT06795     		  PC ADADEMIC & EXTRACURRICULAR PROGRAMS 25,000
    THERAVADA BUDDHA SASANA NUGGAHA - TDSM
    32500 LOFTON AVENUE
    CHISAGO CITY,MN55013     		  PC SCHOOL FOR ORPHANS 15,000
    UNIVERSITY PREP
    3230 E 38TH AVE
    DENVER,CO80205     		  PC ACADEMIC SKILLS BUILDING 100,000
    DEKALB COUNTY COMMUNITY GARDENS
    2280 BETHANY RD
    DEKALB,IL60115     		  PC SUSTAINABLE FOOD 2,000
    BROKEN SHOVELS FARM SANCTUARY
    8640 DAHLIA ST
    COMMERCE CITY,CO80640     		  PC ANIMAL SANCTUARY 5,000
    LIVING LANDS AND WATERS
    17264 RT 84N
    EAST MOLINE,IL61244     		  PC ENVIRONMENTAL PRESERVATION 2,500
    ASFMRA EDUCATION FOUNDATION
    720 SOUTH COLORADO BLVD SUITE 360-2
    GLENDALE,CO802462664     		  PC SCIENTIFIC EDUCATION 2,500
    STREATOR TOWNSHIP HIGH SCHOOL EDUCATIONAL FOUNDATION
    202 W LINCOLN AVE
    STREATOR,IL61364     		  PC AG DEPT FFA PROGRAMS 2,500
    NICE
    460 N ELM STREET
    WATERMAN,IL60556     		  PC FOOD PANTRY 2,000
    THE GRABHORN INSTITUTE
    1802 HAYS STREET
    SAN FRANCISCO,CA94129     		  PC PRESERVATION MUSEUM 110,000
    THE EARLY CHILDHOOD PARTNERSHIP OF ADAMS COUNTY
    8859 FOX DRIVE SUITE 205
    THORNTON,CO80260     		  PC EARLY CHILDHOOD ECOSYSTEM 15,000
    SOROCO HIGH SCHOOL
    PO BOX 158
    OAK CREEK,CO80467     		  PC AG PROGRAM 20,000
    LUTHERAN SOCIAL SERVICES OF COLORADO
    363 S HARLAN STREET 200
    LAKEWOOD,CO80226     		  PC ADOPTIVE CARE 20,000
    INTERNATIONAL RESCUE COMMITTEE - ATLANTA
    2305 PARKLAKE DR NE
    ATLANTA,GA30345     		  PC INTL. HEALTH WELL BEING WOMEN & GIRLS 50,000
    EL CENTRO HUMANITARIO PARA LOS TRABAJADORES
    PO BOX 3190
    DENVER,CO80201     		  PC IMMIGRATION PROGRAMS 15,000
    DEKALB BARBS BOOSTER CLUB
    501 W DRESSER ROAD
    DEKALB,IL60115     		  PC ATHLETIC BOOSTERS 1,250
    SYCAMORE SPORTS BOOSTERS
    1903 DOVETAIL POINT
    SYCAMORE,IL60178     		  PC ATHLETIC BOOSTERS 1,250
    Total .................................bullet 3a 869,500
    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 ...........     		         
    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 1,443,974  
    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) .. 0 1,770,971 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,770,971
    (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:
    THE HBB FOUNDATION
    EIN:
    36-6104969
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 13,440 6,720   6,720

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE HBB FOUNDATION
    EIN:
    36-6104969
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BESSEMER SWEEP PROGRAM (8M6422) 171,127 171,127
    OW FIXED INCOME FUND (OWFIX) 3,862,295 3,931,159
    BESSEMER SWEEP PROGRAM (NN00X4) 49,356 49,356

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE HBB FOUNDATION
    EIN:
    36-6104969
    Name of Stock End of Year Book Value End of Year Fair Market Value
    IBEX ISRAEL FUND FKA LAZARUS ISRAEL 1,097,660 1,672,540
    ARROWMARK GLOBAL FUND 680,332 662,301
    OW CREDIT INCOME FUND (OWCIX) 925,000 935,195
    ALPHABET INC CLASS C (GOOG) 57,021 202,551
    CHARTER COMMUNICATIONS INC (CHTR) 23,370 32,598
    META PLATFORMS INC (FB) 62,248 122,767
    AMAZON.COM INC (AMZN) 35,895 130,039
    APTIV PLC (APTV) 49,574 53,608
    HILTON WORLDWIDE HOLDINGS (HLT) 36,496 56,156
    HOME DEPOT (HD) 9,743 29,880
    MERCADOLIBRE INC (MELI) 15,500 13,484
    NIKE INC CL B (NKE) 33,995 84,168
    ROSS STORES INC (ROST) 33,458 38,855
    PEPSICO INC (PEP) 35,912 63,404
    CONOCOPHILLIPS (COP) 32,056 57,744
    PIONEER NATURAL RESOURCES (PXD) 24,980 26,372
    AON PLC (AON) 17,288 24,345
    BANK OF AMERICA CORP (BAC) 62,238 94,986
    BLACKSTONE INC (BX) 33,446 75,693
    CITIGROUP INC (C) 24,692 37,441
    JPMORGAN CHASE & CO (JPM) 52,619 53,839
    MSCI INC (MSCI) 27,750 38,599
    S&P GLOBAL INC. (SPGI) 34,404 49,552
    SCHWAB CHARLES CORP NEW (SCHW) 46,399 72,746
    CATALENT INC (CTLT) 26,021 30,727
    DANAHER CORP (DHR) 18,286 69,092
    IQVIA HOLDINGS INC (IQV) 54,789 104,391
    THERMO FISHER SCIENTIFIC (TMO) 12,340 69,392
    UNITEDHEALTH GROUP INC (UNH) 43,841 85,363
    ZOETIS INC (ZTS) 18,827 68,328
    CINTAS CORP (CTAS) 14,729 39,885
    EATON CORP PLC (ETN) 48,785 58,758
    NORTHROP GRUMMAN CORP (NOC) 45,345 47,996
    UNION PACIFIC CORP (UNP) 35,674 54,668
    ADOBE INC (ADBE) 41,925 49,334
    AMPHENOL CORP (APH) 25,008 47,228
    APPLE INC (AAPL) 40,619 205,981
    MICROSOFT CORP (MSFT) 52,527 265,692
    NVIDIA CORP (NVDA) 23,681 24,117
    SERVICENOW INC (NOW) 9,261 35,051
    TEXAS INSTRUMENTS INC (TXN) 43,847 79,157
    VISA INC (V) 58,008 112,690
    AIR PRODUCTS & CHEMICALS (APD) 25,946 33,468
    VULCAN MATERIALS (VMC) 48,439 53,970
    AMERICAN TOWER CORP (AMT) 52,547 74,633
    AMEREN CORP (AEE) 22,880 31,153
    AMERICAN WATER WORKS CO (AWK) 8,128 29,273
    SEA LTD ADR (SE) 4,668 23,489
    LVMH MOET HENNESSY VUITTON 27,737 53,521
    SAFRAN SA 36,088 34,629
    ASML HOLDING 36,110 59,230
    OW LARGE CAP STRATEGIES FD (OWLSX) 3,705,702 5,418,000
    MATCH GROUP INC (MTCH) 21,943 28,169
    ADVANCE AUTO PARTS (AAP) 15,955 34,782
    BURLINGTON STORES INC (BURL) 15,403 25,944
    DOLLARAMA INC 24,088 38,261
    DOMINOS PIZZA (DPZ) 14,442 20,880
    EXPEDIA GROUP INC (EXPE) 18,093 19,879
    WYNDHAM HOTELS & RESORTS (WH) 7,925 17,481
    US FOODS HOLDING CORP (USFD) 29,774 33,959
    NASDAQ INC. (NDAQ) 13,298 32,551
    COOPER COS INC (COO) 19,807 35,190
    LAB CORP OF AMER HLDGS NEW (LH) 8,617 20,423
    STERIS PLC (STE) 12,133 30,426
    TELEFLEX INC (TFX) 20,481 24,307
    CARLISLE COS (CSL) 19,479 24,812
    DOVER CORP (DOV) 10,219 26,332
    EQUIFAX INC (EFX) 15,200 33,963
    HEICO CORPORATION (HEI) 9,440 10,095
    IAA INC (IAA) 13,901 20,754
    LINCOLN ELEC HLDG (LECO) 20,661 21,617
    SMITH A O CORP (AOS) 9,302 20,604
    ANSYS INC (ANSS) 9,084 22,462
    ASPEN TECHNOLOGY (AZPN) 19,800 22,069
    CDW CORP/DE (CDW) 17,067 31,740
    NICE LTD ADR (NICE) 16,038 28,842
    PAYCOM SOFTWARE INC (PAYC) 18,552 21,174
    SS&C TECHNOLOGIES HOLDINGS (SSNC) 18,441 23,774
    SYNOPSYS INC (SNPS) 9,413 30,585
    WEX INC (WEX) 16,533 16,144
    JONES LANG LASALLE INC COM (JLL) 19,880 28,280
    OW SMALL & MIDCAP STRAT FD (OWSMX) 1,700,678 1,989,259
    ALPHABET INC CLASS C (GOOG) 20,561 28,935
    ADIDAS AG AKT 21,804 18,371
    AMAZON.COM INC (AMZN) 18,413 22,006
    APTIV PLC (APTV) 14,196 17,319
    CHIPOTLE MEXICAN GRILL (CMG) 23,162 22,727
    HOME DEPOT (HD) 34,566 47,726
    LOWES COS INC (LOW) 25,522 34,894
    LVMH MOET HENNESSY VUITTON 20,209 23,878
    SONY GROUP CORP 25,293 30,164
    COCA-COLA COMPANY (KO) 32,361 35,229
    PEPSICO INC (PEP) 30,771 39,084
    BANK OF AMERICA CORP (BAC) 19,294 22,245
    CITIGROUP INC (C) 27,644 23,250
    HDFC BANK LTD ADR REPS3 (HDB) 24,959 20,497
    JPMORGAN CHASE & CO (JPM) 15,303 15,835
    LONDON STOCK EXCHANGE 18,339 17,825
    SCHWAB CHARLES CORP NEW (SCHW) 16,253 20,604
    TRUIST FINANCIAL CORP (TFC) 21,502 22,249
    AGILENT TECHNOLOGIES (A) 22,070 33,207
    QUEST DIAGNOSITCS INC (DGX) 19,029 29,411
    UNITEDHEALTH GROUP INC (UNH) 17,059 24,604
    ZOETIS INC (ZTS) 24,538 37,824
    DEERE & CO (DE) 17,785 16,801
    EQUIFAX INC (EFX) 13,661 16,981
    GENERAL ELECTRIC CO (GE) 19,026 17,193
    HONEYWELL INTL INC (HON) 29,540 28,148
    IAA INC (IAA) 23,660 21,766
    SAFRAN SA 19,748 17,680
    SIEMENS AG AKTIEN 23,971 27,588
    UNION PACIFIC CORP (UNP) 17,840 20,154
    ADOBE INC (ADBE) 33,481 39,694
    ANSYS INC (ANSS) 15,013 16,445
    APPLE INC (AAPL) 39,829 67,654
    ASML HOLDING 33,408 44,022
    ASPEN TECHNOLOGY (AZPN) 24,564 25,113
    AUTOMATIC DATA PROCESSING (ADP) 27,866 35,754
    CADENCE DESIGN SYSTEMS INC (CDNS) 26,318 39,133
    KEYSIGHT TECHNOLOGIES INC (KEYS) 26,215 38,204
    MASTERCARD CL A (MA) 34,464 34,135
    MICROSOFT CORP (MSFT) 46,499 105,604
    MOTORAL SOLUTIONS INC (MSI) 26,432 38,038
    NVIDIA CORP (NVDA) 18,104 41,175
    SERVICENOW INC (NOW) 17,311 22,718
    TAIWAN SEMI MFG CO ADR (TSM) 29,243 30,077
    TEXAS INSTRUMENTS INC (TXN) 24,626 31,851
    TOKYO ELECTRON LTD 20,972 28,775
    VISA INC (V) 16,090 16,253
    WEX INC (WEX) 14,999 15,442
    LINDE PLC (LIN) 29,522 36,375
    AMERICAN TOWER CORP (AMT) 25,350 30,712
    JONES LANG LASALLE INC COM (JLL) 12,494 18,853
    NEXTERA ENERGY INC (NEE) 25,410 31,742

    TY 2021 OtherAssetsSchedule
    Name:
    THE HBB FOUNDATION
    EIN:
    36-6104969
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    AUDIT HELD BACK RECEIVABLE 28,335 0 0


    TY 2021 OtherDecreasesSchedule
    Name:
    THE HBB FOUNDATION
    EIN:
    36-6104969
    Description Amount
    TIMING DIFFERENCE IN BETWEEN 1099 AND YE STATEMENTS 2,865


    TY 2021 OtherExpensesSchedule
    Name:
    THE HBB FOUNDATION
    EIN:
    36-6104969
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 679 0   679
    ILLINOIS FILING FEES 15 0   15


    TY 2021 OtherIncomeSchedule2
    Name:
    THE HBB FOUNDATION
    EIN:
    36-6104969
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    COAL ROYALTIES 14,400 14,400 14,400
    ARROWMARK GLOBAL OPP. FUND - OTHER -250 -250 -250


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE HBB FOUNDATION
    EIN:
    36-6104969
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES - JFG 15,801 7,901   7,900
    INVESTMENT MANAGEMENT FEES - IBEX ISRAEL FUND 30,460 30,460   0
    INVESTMENT MANAGEMENT FEES - BESSEMER 31,560 31,560   0
    INVESTMENT MANAGEMENT FEES - ARROWMARK GLOBAL OPP. FUND 13,837 13,837   0


    TY 2021 TaxesSchedule
    Name:
    THE HBB FOUNDATION
    EIN:
    36-6104969
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 1,275 1,275   0
    REAL ESTATE TAXES MINERAL RIGHTS 155 155   0