TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021

Name of foundation
LINCOLN M KNORR RESID TR - EQFUNDS XXXXX3009

Number and street (or P.O. box number if mail is not delivered to street address)10 S DEARBORN IL1-0111
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60603

A Employer identification number

38-6725549

B Telephone number (see instructions)

(800) 496-2583

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$37,752,639J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	724,625		724,625
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		2,688,460
b	Gross sales price for all assets on line 6a 10,330,603
7	Capital gain net income (from Part IV, line 2)...			2,688,460
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).......		214
12	Total. Add lines 1 through 11........	3,413,299		3,413,085
13	Compensation of officers, directors, trustees, etc.	202,885		135,183		67,702
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).......
c	Other professional fees (attach schedule)....		5,976	5,976		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		18,811	11,561		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..........	227,672		152,720	0	67,702
25	Contributions, gifts, grants paid.......	1,339,539				1,339,539
26	Total expenses and disbursements. Add lines 24 and 25	1,567,211		152,720	0	1,407,241
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,846,088
b	Net investment income (if negative, enter -0-)			3,260,365
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2021)

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	1,337,525	1,835,198	1,835,198
	2	Savings and temporary cash investments.........	586,564	773,834	773,834
	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).......	10,286,400	12,384,469	19,207,805
	c	Investments—corporate bonds (attach schedule).......	6,256,953	4,593,095	4,599,160
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	6,316,453	7,051,437	11,336,642
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	24,783,895	26,638,033	37,752,639
	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........	24,783,895	26,638,033
	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).....	24,783,895	26,638,033
	30	Total liabilities and net assets/fund balances (see instructions).	24,783,895	26,638,033

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

24,783,895

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

1,846,088

Other increases not included in line 2 (itemize) bullet

29,749

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

26,659,732

Decreases not included in line 2 (itemize) bullet

21,699

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

26,638,033

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	37. ACCENTURE PLC		2012-01-18	2021-01-07
b	35. ACCENTURE PLC		2012-01-18	2021-01-08
c	26. CHUBB LTD		2020-01-07	2021-01-08
d	1. BOOKING HOLDINGS INC		2020-01-27	2021-01-11
e	29. ACCENTURE PLC		2012-01-18	2021-01-11
	27. CHUBB LTD			2021-01-11
	1. BOOKING HOLDINGS INC		2020-01-27	2021-01-12
	31. ACCENTURE PLC		2012-01-18	2021-01-12
	50. BERKSHIRE HATHAWAY INC DEL CL B		2019-10-24	2021-01-21
	1. BOOKING HOLDINGS INC		2020-01-27	2021-01-21
	2. BOOKING HOLDINGS INC		2019-11-12	2021-01-21
	175. COMCAST CORP NEW CL A			2021-01-21
	50. DOLLAR GENERAL CORP			2021-01-21
	52. DOLLAR TREE INC		2020-12-18	2021-01-21
	23. DOLLAR TREE INC			2021-01-21
	5. EMERSON ELEC CO		2020-03-16	2021-01-21
	35. EXPEDITORS INTL WASH INC			2021-01-21
	30. HONEYWELL INTL INC			2021-01-21
	34. J P MORGAN CHASE & CO		2020-12-16	2021-01-21
	16. J P MORGAN CHASE & CO		2016-08-05	2021-01-21
	125. KONINKLIJKE PHILIPS ELECTRS N V NEW			2021-01-21
	170. MASCO CORP			2021-01-21
	65. MICRON TECHNOLOGY INC		2020-11-16	2021-01-21
	30. NESTLE S A SPONSORED ADR REPSTG REG		2012-01-18	2021-01-21
	45. NORTHERN TR CORP			2021-01-21
	65. OMNICOM GROUP			2021-01-21
	27. PPG INDS INC		2020-02-28	2021-01-21
	8. PPG INDS INC		2019-02-14	2021-01-21
	161. PACCAR INC			2021-01-21
	20. PEPSICO INC		2018-05-25	2021-01-21
	35. PROGRESSIVE CORP OHIO			2021-01-21
	60. QUEST DIAGNOSTICS INC			2021-01-21
	429. SPDR TR UNIT SER 1		2012-08-24	2021-01-21
	120. SCHLUMBERGER LTD			2021-01-21
	50. SCHWAB CHARLES CORP NEW		2020-02-24	2021-01-21
	65. SCHWAB CHARLES CORP NEW		2020-01-08	2021-01-21
	115. SMITH & NEPHEW PLC SPONS ADR NEW			2021-01-21
	90. SONY CORP AMERICAN SH NEW			2021-01-21
	50. TJX COS INC NEW			2021-01-21
	50. TJX COS INC NEW			2021-01-21
	80. UNILEVER PLC			2021-01-21
	20. UNITEDHEALTH GROUP INC		2013-10-17	2021-01-21
	6022.024 VANGUARD TTL INTL BND-ADM			2021-01-21
	3024. VANGUARD INT-TERM CORPORATE		2020-10-29	2021-01-21
	35. ARCH CAPITAL GROUP LTD		2021-01-08	2021-01-21
	45. EATON CORP PLC			2021-01-21
	40. CHUBB LTD			2021-01-21
	43. HONEYWELL INTL INC			2021-01-25
	4786.766 AMER FNDS INTL VNTG-F3		2014-02-13	2021-02-04
	65. BERKSHIRE HATHAWAY INC DEL CL B			2021-02-12
	4. BOOKING HOLDINGS INC		2019-11-12	2021-02-12
	55. COMCAST CORP NEW CL A		2020-11-16	2021-02-12
	155. COMCAST CORP NEW CL A			2021-02-12
	50. DOLLAR GENERAL CORP		2015-05-13	2021-02-12
	95. DOLLAR TREE INC		2019-01-15	2021-02-12
	35. EMERSON ELEC CO		2020-03-16	2021-02-12
	50. EXPEDITORS INTL WASH INC			2021-02-12
	95. FRESENIUS MED CARE SPONS ADR			2021-02-12
	30. HONEYWELL INTL INC			2021-02-12
	60. J P MORGAN CHASE & CO		2016-08-05	2021-02-12
	150. KONINKLIJKE PHILIPS ELECTRS N V NEW			2021-02-12
	81. MASCO CORP			2021-02-12
	154. MASCO CORP			2021-02-12
	75. MICRON TECHNOLOGY INC			2021-02-12
	40. NESTLE S A SPONSORED ADR REPSTG REG		2012-01-18	2021-02-12
	60. NORTHERN TR CORP			2021-02-12
	95. OMNICOM GROUP			2021-02-12
	15. PPG INDS INC		2020-02-28	2021-02-12
	40. PPG INDS INC		2018-10-25	2021-02-12
	60. PACCAR INC			2021-02-12
	35. PEPSICO INC			2021-02-12
	60. PROGRESSIVE CORP OHIO			2021-02-12
	85. QUEST DIAGNOSTICS INC			2021-02-12
	125. SCHLUMBERGER LTD			2021-02-12
	85. SCHWAB CHARLES CORP NEW		2020-02-24	2021-02-12
	65. SCHWAB CHARLES CORP NEW		2019-08-13	2021-02-12
	46. SMITH & NEPHEW PLC SPONS ADR NEW			2021-02-12
	94. SMITH & NEPHEW PLC SPONS ADR NEW			2021-02-12
	100. SONY CORP AMERICAN SH NEW			2021-02-12
	120. TJX COS INC NEW			2021-02-12
	130. UNILEVER PLC			2021-02-12
	25. UNITEDHEALTH GROUP INC			2021-02-12
	80. ARCH CAPITAL GROUP LTD		2021-01-08	2021-02-12
	65. EATON CORP PLC			2021-02-12
	50. CHUBB LTD			2021-02-12
	4550. ISHARES TR S&P 500 GROWTH INDEX FD		2018-12-28	2021-02-16
	852. ISHARES TR S&P 500 VALUE INDEX FD		2018-12-28	2021-02-16
	3. EATON CORP PLC		2020-03-05	2021-02-23
	28. EATON CORP PLC		2020-01-07	2021-02-23
	2030. ISHARES TR S&P 500 GROWTH INDEX FD		2018-12-28	2021-03-04
	1131. ISHARES TR S&P 500 VALUE INDEX FD		2018-12-28	2021-03-04
	6464.459 VANGUARD TTL INTL BND-ADM		2019-02-05	2021-03-04
	23. HONEYWELL INTL INC		2014-07-14	2021-03-09
	84. HONEYWELL INTL INC			2021-03-10
	11449.318 AMER FNDS INTL VNTG-F3		2014-02-13	2021-03-11
	77. HONEYWELL INTL INC			2021-03-11
	13. TJX COS INC NEW		2017-11-03	2021-03-18
	101. TJX COS INC NEW			2021-03-19
	9. CHUBB LTD		2018-07-27	2021-03-25
	23. CHUBB LTD			2021-03-26
	13. CHUBB LTD			2021-03-29
	4. CHUBB LTD		2019-03-25	2021-03-30
	6. CHUBB LTD		2019-03-25	2021-04-01
	6. CHUBB LTD		2019-03-25	2021-04-05
	5. CHUBB LTD		2019-03-25	2021-04-06
	3. CHUBB LTD		2019-03-25	2021-04-07
	2. CHUBB LTD		2019-03-25	2021-04-08
	5. CHUBB LTD			2021-04-09
	6. CHUBB LTD		2018-07-18	2021-04-12
	7. CHUBB LTD		2018-07-18	2021-04-13
	1150. ISHARES TR 20+ TREAS INDEX FD		2019-09-23	2021-04-21
	20211.203 VANGUARD TTL INTL BND-ADM			2021-04-21
	15. EXPEDITORS INTL WASH INC		2012-05-18	2021-05-04
	108. NESTLE S A SPONSORED ADR REPSTG REG		2012-01-18	2021-05-04
	16. PEPSICO INC		2018-05-23	2021-05-04
	65. TJX COS INC NEW			2021-05-04
	13. EATON CORP PLC		2020-03-05	2021-05-04
	27. EATON CORP PLC		2020-03-05	2021-05-04
	34. EXPEDITORS INTL WASH INC		2012-05-18	2021-05-05
	91. PEPSICO INC			2021-05-05
	160. TJX COS INC NEW		2017-11-15	2021-05-05
	46. EATON CORP PLC			2021-05-05
	85. EXPEDITORS INTL WASH INC			2021-05-06
	27. EATON CORP PLC			2021-05-06
	99167.17 PGIM HIGH YIELD-R6		2020-03-31	2021-05-12
	45046.47 PIMCO FDS PAC INVT MGMT SER HIGH YLD FD INSTL CL		2020-05-18	2021-05-19
	56. NESTLE S A SPONSORED ADR REPSTG REG		2012-01-18	2021-06-15
	76. NESTLE S A SPONSORED ADR REPSTG REG		2012-01-18	2021-06-16
	46384.204 PIMCO FDS PAC INVT MGMT SER HIGH YLD FD INSTL CL		2020-05-18	2021-06-22
	75332.612 PGIM HIGH YIELD-R6			2021-06-22
	12567. ISHARES US TREASURY BOND ETF		2021-04-21	2021-07-23
	33. PEPSICO INC			2021-08-04
	75. PEPSICO INC		2018-05-22	2021-08-05
	24. EATON CORP PLC		2019-12-02	2021-08-17
	16. EATON CORP PLC			2021-08-18
	3. ALPHABET INC-CL A		2021-05-05	2021-09-07
	85. BERKSHIRE HATHAWAY INC DEL CL B			2021-09-07
	4. BOOKING HOLDINGS INC			2021-09-07
	285. COMCAST CORP NEW CL A			2021-09-07
	43. DOLLAR GENERAL CORP		2021-03-18	2021-09-07
	32. DOLLAR GENERAL CORP			2021-09-07
	120. DOLLAR TREE INC			2021-09-07
	50. DOVER CORP			2021-09-07
	60. EMERSON ELEC CO		2020-03-16	2021-09-07
	30. EXPEDITORS INTL WASH INC		2012-06-01	2021-09-07
	25. FACEBOOK INC-A		2021-05-05	2021-09-07
	255. FRESENIUS MED CARE SPONS ADR			2021-09-07
	80. J P MORGAN CHASE & CO			2021-09-07
	84. KONINKLIJKE PHILIPS ELECTRS N V NEW			2021-09-07
	156. KONINKLIJKE PHILIPS ELECTRS N V NEW			2021-09-07
	285. MASCO CORP			2021-09-07
	135. MICRON TECHNOLOGY INC			2021-09-07
	85. NORTHERN TR CORP			2021-09-07
	125. OMNICOM GROUP			2021-09-07
	55. PPG INDS INC		2018-10-25	2021-09-07
	125. PACCAR INC			2021-09-07
	90. PROGRESSIVE CORP OHIO			2021-09-07
	105. QUEST DIAGNOSTICS INC			2021-09-07
	210. SCHLUMBERGER LTD			2021-09-07
	205. SCHWAB CHARLES CORP NEW			2021-09-07
	112. SMITH & NEPHEW PLC SPONS ADR NEW			2021-09-07
	93. SMITH & NEPHEW PLC SPONS ADR NEW			2021-09-07
	48. SONY CORP AMERICAN SH NEW		2021-08-17	2021-09-07
	97. SONY CORP AMERICAN SH NEW		2020-04-17	2021-09-07
	60. TJX COS INC NEW			2021-09-07
	127. UNILEVER PLC			2021-09-07
	68. UNILEVER PLC			2021-09-07
	30. UNITEDHEALTH GROUP INC		2013-10-09	2021-09-07
	120. ARCH CAPITAL GROUP LTD			2021-09-07
	40. EATON CORP PLC		2019-11-25	2021-09-07
	45. CHUBB LTD			2021-09-07
	2131. ISHARES TR S&P 500 GROWTH INDEX FD		2018-12-28	2021-09-10
	1115. ISHARES TR S&P 500 VALUE INDEX FD		2018-12-28	2021-09-10
	. CASH RECEIPT SECURITIES LITIGATION			2021-09-21
	845. ISHARES CORE MSCI EMERGING		2020-10-21	2021-10-26
	38. ISHARES CORE MSCI EMERGING		2020-10-21	2021-10-26
	1506. ISHARES CORE MSCI EMERGING		2020-10-21	2021-10-26
	1020. ISHARES CORE MSCI EMERGING			2021-10-26
	2209. ISHARES CORE MSCI EMERGING		2020-10-21	2021-10-26
	1297. ISHARES CORE MSCI EMERGING		2020-10-21	2021-10-26
	54491.597 VANGUARD TTL BD MKT IDX-ADM			2021-10-26
	85. DOLLAR TREE INC			2021-11-02
	33. DOLLAR TREE INC		2018-08-01	2021-11-02
	14. QUEST DIAGNOSTICS INC		2017-12-27	2021-11-02
	46. SCHWAB CHARLES CORP NEW		2019-08-14	2021-11-02
	21. CHUBB LTD			2021-11-02
	21. QUEST DIAGNOSTICS INC		2017-12-27	2021-11-03
	67. SCHWAB CHARLES CORP NEW		2019-08-14	2021-11-03
	13. QUEST DIAGNOSTICS INC		2017-12-27	2021-11-04
	17. EXPEDITORS INTL WASH INC		2012-06-01	2021-11-05
	19. QUEST DIAGNOSTICS INC		2017-12-27	2021-11-05
	106. EXPEDITORS INTL WASH INC			2021-11-08
	20. QUEST DIAGNOSTICS INC		2017-12-27	2021-11-08
	1. CRP VIII (CARLYLE) PRIVATE INVESTORS OFFSHORE, L.P. (NON-SELF			2021-12-31
	1. BLACKSTONE - GSO CAPITAL SOLUTIONS FUND LP			2021-12-31
	1. BSREP III (BROOKFIELD) PRIVATE INVESTORS OFFSHORE, L.P. (NON-SELF			2021-12-31
	1. RIVERSTONE GLOBAL ENERGY AND POWER PRIVATE INVESTORS V, LP (OFFSHOR			2021-12-31
	1. BREP IX PRIVATE INVESTORS OFFSHORE, L.P. - CLASS A -			2021-12-31
	1. DFJ GROWTH 2013 PRIVATE INVESTORS OFFSHORE, L.P. CLASS A -			2021-12-31
	1. KKR NORTH AMERICA XI PRIVATE INVESTORS OFFSHORE CLASS A NON SELF			2021-12-31
	1. GSO PRIVATE INVESTORS OFFSHORE II, LP CLASS A - NON-SELF DEALING			2021-12-31
	1. CD&R FUND X PRIVATE INVESTORS CAYMAN, LP (NON-SELF DEALING			2021-12-31
	1. LC ASIA PRIVATE INVESTORS, L.P. (OFFSHORE) CLASS A (NON SELF DEALIN			2021-12-31
	1. GOOD HILL OVERSEAS FUND LTD CLASS C - NEW ISSUES INELIGIBLE NON-SEL			2021-12-31
	1. ARES PCS PRIVATE INVESTORS OFFSHORE, L.P. (NON-SELF DEALING FIDUCIA			2021-12-31
	1. WP GROWTH PRIVATE INVESTORS OFFSHORE, L.P. - CLASS A -			2021-12-31
	1. AP X PRIVATE INVESTORS OFFSHORE, L.P. - CLASS A - NON-SELF DEALING			2021-12-31
	1. STARWOOD SOF IX PRIVATE INVESTORS OFFSHORE L.P. CLASS A - NON-SELF			2021-12-31
	1. SILVER LAKE PARTNERS IV (SLP IV) PRIVATE INVESTORS, L.P. (OFFSHORE			2021-12-31
	1. STARWOOD SOF XI PRIVATE INVESTORS OFFSHORE 2, L.P. (NON-SELF DEALIN			2021-12-31
	1. BREP ASIA II PRIVATE INVESTORS OFFSHORE, L.P. (NON-SELF DEALING			2021-12-31
	1. DOLLAR SENIOR LOAN OFFSHORE FUND II, LTD. CLASS A SHARES (DISTRIBUT			2021-12-31
	1. TACONIC OPPORTUNITY OFFSHORE FUND LTD. CLASS JPM-X SHARES - NEW			2021-12-31
	1. ASF VIII PRIVATE INVESTORS OFFSHORE, SICAV-RAIF S.C.SP. - CLASS A -			2021-12-31
	1. EQT INFRASTRUCTURE V PRIVATE INVESTORS OFFSHORE SICAV-RAIF S.C.SP			2021-12-31
	1. SVSS V PRIVATE INVESTORS OFFSHORE, L.P - CLASS A NON-SELF DEALING			2021-12-31
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	9,744	2,011	7,733
b	9,230	1,902	7,328
c	4,023	4,008	15
d	2,240	1,909	331
e	7,571	1,576	5,995
	4,164	3,902	262
	2,202	1,909	293
	7,997	1,685	6,312
	11,739	10,516	1,223
	2,112	1,909	203
	4,223	3,739	484
	8,590	8,900	-310
	10,396	3,700	6,696
	5,610	5,831	-221
	2,481	2,223	258
	422	237	185
	3,297	1,322	1,975
	6,167	2,868	3,299
	4,593	4,104	489
	2,161	1,058	1,103
	6,920	6,790	130
	9,866	9,432	434
	5,502	3,986	1,516
	3,405	1,722	1,683
	4,256	4,806	-550
	4,109	5,159	-1,050
	3,878	2,772	1,106
	1,149	860	289
	15,963	8,562	7,401
	2,796	2,011	785
	3,312	2,860	452
	7,516	6,351	1,165
	164,830	60,706	104,124
	2,911	8,802	-5,891
	2,938	2,199	739
	3,819	3,104	715
	5,164	4,812	352
	9,230	7,699	1,531
	3,414	1,966	1,448
	3,414	1,770	1,644
	4,801	4,459	342
	7,109	1,432	5,677
	140,132	130,887	9,245
	291,538	289,351	2,187
	1,205	1,265	-60
	5,635	4,282	1,353
	6,305	5,621	684
	8,669	3,941	4,728
	79,939	56,005	23,934
	15,738	7,413	8,325
	8,612	7,479	1,133
	2,925	2,728	197
	8,242	7,037	1,205
	9,916	3,699	6,217
	10,239	9,164	1,075
	2,979	1,657	1,322
	4,823	1,880	2,943
	3,521	4,050	-529
	6,092	2,746	3,346
	8,458	3,968	4,490
	8,738	7,150	1,588
	4,458	4,363	95
	8,475	5,887	2,588
	6,545	4,169	2,376
	4,509	2,296	2,213
	5,852	5,915	-63
	6,270	7,259	-989
	2,070	1,540	530
	5,520	4,106	1,414
	5,874	2,461	3,413
	4,696	3,515	1,181
	5,169	4,691	478
	10,762	8,742	2,020
	3,329	8,791	-5,462
	4,921	3,738	1,183
	3,763	2,460	1,303
	2,015	1,888	127
	4,117	3,546	571
	11,336	6,654	4,682
	8,141	4,172	3,969
	7,122	7,129	-7
	8,232	1,789	6,443
	2,810	2,891	-81
	8,028	6,171	1,857
	8,153	6,932	1,221
	305,043	169,672	135,371
	114,239	85,501	28,738
	392	281	111
	3,660	2,651	1,009
	125,326	75,700	49,626
	151,936	113,500	38,436
	147,584	141,572	6,012
	4,791	2,103	2,688
	17,756	7,584	10,172
	189,257	133,957	55,300
	16,403	6,938	9,465
	867	451	416
	6,732	3,487	3,245
	1,430	1,242	188
	3,652	3,155	497
	2,086	1,780	306
	646	547	99
	952	820	132
	960	820	140
	802	684	118
	482	410	72
	319	273	46
	802	679	123
	967	808	159
	1,125	943	182
	160,708	163,517	-2,809
	462,230	445,635	16,595
	1,705	562	1,143
	12,779	6,199	6,580
	2,302	1,602	700
	4,589	2,238	2,351
	1,880	1,217	663
	3,911	2,528	1,383
	3,861	1,274	2,587
	13,110	9,110	4,000
	11,340	5,507	5,833
	6,686	4,265	2,421
	9,731	3,177	6,554
	3,935	2,496	1,439
	550,378	467,077	83,301
	404,968	372,084	32,884
	7,140	3,214	3,926
	9,697	4,362	5,335
	420,705	383,134	37,571
	420,356	358,493	61,863
	336,979	332,083	4,896
	5,084	3,302	1,782
	11,570	7,493	4,077
	3,994	2,217	1,777
	2,681	1,478	1,203
	8,653	6,965	1,688
	23,769	6,683	17,086
	9,353	7,338	2,015
	17,238	12,890	4,348
	9,538	7,679	1,859
	7,098	2,357	4,741
	11,125	11,276	-151
	8,672	6,837	1,835
	6,243	2,840	3,403
	3,705	1,119	2,586
	9,557	7,933	1,624
	9,934	10,762	-828
	12,800	5,278	7,522
	4,084	4,557	-473
	7,585	7,416	169
	16,962	10,811	6,151
	9,893	10,182	-289
	9,875	7,529	2,346
	9,146	9,114	32
	8,283	5,646	2,637
	10,354	10,135	219
	8,511	8,502	9
	16,366	10,673	5,693
	5,833	14,486	-8,653
	14,822	7,701	7,121
	4,273	4,491	-218
	3,548	3,507	41
	5,213	4,727	486
	10,534	6,233	4,301
	4,195	2,064	2,131
	7,003	7,093	-90
	3,750	3,722	28
	12,655	2,142	10,513
	4,709	4,781	-72
	6,576	3,670	2,906
	8,209	6,054	2,155
	167,857	79,466	88,391
	167,603	111,894	55,709
	1		1
	53,837	46,702	7,135
	2,422	2,100	322
	96,048	83,235	12,813
	64,994	56,390	8,604
	140,707	122,181	18,526
	82,632	71,738	10,894
	611,396	586,875	24,521
	9,473	7,680	1,793
	3,695	2,973	722
	2,023	1,386	637
	3,769	1,687	2,082
	4,007	2,806	1,201
	3,027	2,079	948
	5,550	2,457	3,093
	1,870	1,287	583
	2,125	634	1,491
	2,676	1,881	795
	13,089	3,902	9,187
	2,826	1,980	846
	82,627	91,597	-8,970
	1,115	68,820	-67,705
	28,577	31,041	-2,464
	3,628	3,892	-264
	40,579	51,434	-10,855
	1,257,373	235,728	1,021,645
	179,802	6,011	173,791
	41,290	42,064	-774
	217,324	218,738	-1,414
	57,000	19,540	37,460
	332,213	300,000	32,213
	75,365	75,691	-326
	7,248	7,991	-743
	1	663	-662
	253,208	1	253,207
	85,290	87,326	-2,036
	45,968	288,299	-242,331
	11,591	15,732	-4,141
	1,849	1	1,848
	461,993	400,000	61,993
	31,385	32,166	-781
	6,531	7,964	-1,433
	543	2,099	-1,556
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747
			214,747

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			7,733
b			7,328
c			15
d			331
e			5,995
			262
			293
			6,312
			1,223
			203
			484
			-310
			6,696
			-221
			258
			185
			1,975
			3,299
			489
			1,103
			130
			434
			1,516
			1,683
			-550
			-1,050
			1,106
			289
			7,401
			785
			452
			1,165
			104,124
			-5,891
			739
			715
			352
			1,531
			1,448
			1,644
			342
			5,677
			9,245
			2,187
			-60
			1,353
			684
			4,728
			23,934
			8,325
			1,133
			197
			1,205
			6,217
			1,075
			1,322
			2,943
			-529
			3,346
			4,490
			1,588
			95
			2,588
			2,376
			2,213
			-63
			-989
			530
			1,414
			3,413
			1,181
			478
			2,020
			-5,462
			1,183
			1,303
			127
			571
			4,682
			3,969
			-7
			6,443
			-81
			1,857
			1,221
			135,371
			28,738
			111
			1,009
			49,626
			38,436
			6,012
			2,688
			10,172
			55,300
			9,465
			416
			3,245
			188
			497
			306
			99
			132
			140
			118
			72
			46
			123
			159
			182
			-2,809
			16,595
			1,143
			6,580
			700
			2,351
			663
			1,383
			2,587
			4,000
			5,833
			2,421
			6,554
			1,439
			83,301
			32,884
			3,926
			5,335
			37,571
			61,863
			4,896
			1,782
			4,077
			1,777
			1,203
			1,688
			17,086
			2,015
			4,348
			1,859
			4,741
			-151
			1,835
			3,403
			2,586
			1,624
			-828
			7,522
			-473
			169
			6,151
			-289
			2,346
			32
			2,637
			219
			9
			5,693
			-8,653
			7,121
			-218
			41
			486
			4,301
			2,131
			-90
			28
			10,513
			-72
			2,906
			2,155
			88,391
			55,709
			1
			7,135
			322
			12,813
			8,604
			18,526
			10,894
			24,521
			1,793
			722
			637
			2,082
			1,201
			948
			3,093
			583
			1,491
			795
			9,187
			846
			-8,970
			-67,705
			-2,464
			-264
			-10,855
			1,021,645
			173,791
			-774
			-1,414
			37,460
			32,213
			-326
			-743
			-662
			253,207
			-2,036
			-242,331
			-4,141
			1,848
			61,993
			-781
			-1,433
			-1,556

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	2,688,460
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Form 990-PF (2021)

Page 4

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	45,319
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	45,319
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	22,948
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	47,500
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	70,448
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	25,129
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax25,129	Refunded	11	0

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation . Click to see attachment

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

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

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

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address bullet

N/A

The books are in care of bullet

JP MORGAN CHASE BANK NA Telephone no. bullet

(800) 496-2583

Located at bullet

10 S DEARBORN ST MC IL 1-0111CHICAGOIL ZIP+4 bullet

60603

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

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

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

1a(2)

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

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2021? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2021, did the foundation have any undistributed income (lines 6d

and 6e, Part XII) for tax year(s) beginning before 2021?....................

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2021.) .....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..

Form 990-PF (2021)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

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

5a(3)

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

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

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
JP MORGAN CHASE BANK NA	TRUSTEE 2	202,885
10 S DEARBORN ST MC IL 1-0111 CHICAGO,IL60603	TRUSTEE 2	202,885

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


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









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

Form 990-PF (2021)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2021)

Page 8

Part IX

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

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

purposes:

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

33,471,745

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

1,967,344

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

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

35,439,089

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

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

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

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

35,439,089

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

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

531,586

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

34,907,503

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

1,745,375

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

1,745,375

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

45,319

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

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

45,319

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

1,700,056

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

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

1,700,056

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

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

1,700,056

Part XI

Qualifying Distributions (see instructions)

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

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

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7					1,700,056
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......	54,855
b From 2017......	0
c From 2018......	67,245
d From 2019......	0
e From 2020......	0
f Total of lines 3a through e ........		122,100
4Qualifying distributions for 2021 from Part
XI, line 4: $ 1,407,241
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.....					1,407,241
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2021.		122,100			122,100
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........					170,715
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2017....	0
b Excess from 2018....	0
c Excess from 2019....	0
d Excess from 2020....	0
e Excess from 2021....	0

Form 990-PF (2021)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

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

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

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

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

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

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

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

cAny submission deadlines:

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

Form 990-PF (2021)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UNIVERSITY OF MICHIGAN 500 S STATE ST ANN ARBOR,MI48109	NONE	PC	GENERAL	1,339,539
Total ................................. 3a				1,339,539

bApproved for future payment

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

Form 990-PF (2021)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	2,688,460
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFEDERAL TAX REFUND			1	214
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				3,413,299

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

3,413,299

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2021)

Page 13

Part XVI

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
921937603 VANGUARD TOT BD MKT	1,903,244	1,967,784
92203J308 VANGUARD TTL INTL BN	557,339	535,681
464287432 ISHARES 20+ YEAR TRE	369,905	352,544
83002G108 SIX CIRCLES ULTR SHR	334,492	332,407
693390841 PIMCO HIGH YIELD FUN
74440Y884 PGIM HIGH YIELD-Q
92206C771 VANGUARD MORTGAGE-BA	365,380	358,361
92206C870 VANGUARD INT-TERM CO
83002G884 SIX CIRCLES CREDIT O	719,449	715,403
921937827 VANGUARD SHORT-TERM	343,286	336,980

Name of Stock	End of Year Book Value	End of Year Fair Market Value
256677105 DOLLAR GENERAL CORP	18,262	59,901
302130109 EXPEDITORS INTL WASH
438516106 HONEYWELL INTERNATIO
464287465 ISHARES MSCI EAFE ET	267,879	367,121
641069406 NESTLE SA-SPONS ADR
681919106 OMNICOM GROUP	29,318	30,773
693718108 PACCAR INC	20,608	37,334
743315103 PROGRESSIVE CORP	26,384	35,620
806857108 SCHLUMBERGER LTD	28,235	19,767
904767704 UNILEVER PLC-SPONSOR	36,060	43,570
922908629 VANGUARD MID-CAP ETF	791,673	1,938,800
20030N101 COMCAST CORP-CLASS A	41,955	49,474
46625H100 JPMORGAN CHASE & CO	18,758	46,238
78462F103 SPDR S&P 500 ETF TRU	2,069,936	5,152,841
91324P102 UNITEDHEALTH GROUP I	8,138	57,244
G1151C101 ACCENTURE PLC-CL A
084670702 BERKSHIRE HATHAWAY I	22,950	87,308
74834L100 QUEST DIAGNOSTICS IN	28,097	50,000
872540109 TJX COMPANIES INC	16,693	28,470
256746108 DOLLAR TREE INC	25,965	42,156
464287309 ISHARES S&P 500 GROW	232,544	521,766
464287408 ISHARES S&P 500 VALU	205,123	320,152
574599106 MASCO CORP	35,351	72,397
693506107 PPG INDUSTRIES INC	20,684	36,902
713448108 PEPSICO INC
46641Q696 JPMORGAN BETABUILDER
46641Q712 JPMORGAN BETABUILDER
83175M205 SMITH & NEPHEW PLC -	37,152	35,243
H1467J104 CHUBB LTD	16,805	25,130
09857L108 BOOKING HOLDINGS INC	33,323	45,585
14019V606 AMER FNDS INTL VNTG-
665859104 NORTHERN TRUST CORP	26,815	37,558
808513105 SCHWAB (CHARLES) COR	21,997	51,049
83002G306 SIX CIRCLES US UNCON	2,417,268	3,127,857
83002G405 SIX CIRCLES INTL UNC	1,595,299	1,808,829
G29183103 EATON CORP PLC	13,589	25,750
291011104 EMERSON ELECTRIC CO	8,174	16,270
315911750 FIDELITY 500 INDEX-I	934,999	1,248,011
46434G103 ISHARES CORE MSCI EM
46641Q720 JPMORGAN BETABUILDER
500472303 KONINKLIJKE PHILIPS	39,106	32,060
595112103 MICRON TECHNOLOGY IN	29,933	53,468
835699307 SONY GROUP CORP - SP	32,775	65,854
02079K305 ALPHABET INC-CL A	32,299	40,559
260003108 DOVER CORP	23,011	31,054
30303M102 META PLATFORMS INC-C	30,728	32,626
358029106 FRESENIUS MEDICAL CA	34,696	28,078
46641Q191 JPMORGAN BETABUILDER	1,068,251	1,196,891
46641Q217 JPMORGAN BETABUILDER	853,631	972,603
46641Q225 JPMORGAN BETABUILDER	550,704	725,827
46641Q233 JPM BTABLDRS DEV ASI	618,337	584,821
G0450A105 ARCH CAPITAL GROUP L	20,964	24,848

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
425955911 RIVERSTONE GLOBAL EN	AT COST	359,898	207,108
468213962 DFJ GROWTH 2013 PRIV	AT COST		1,070,267
482924925 KKR NORTH AMERICA XI	AT COST		375,148
484981964 GSO PRIVATE INVESTOR	AT COST	52,497	58,102
510000920 LC ASIA PRIVATE INVE	AT COST		140,058
811711969 STARWOOD SOF IX PRIV	AT COST		159,078
827994922 SILVER LAKE PARTNERS	AT COST	12,335	924,315
986903920 SCULPTOR OF II PRIVA	AT COST	125,159	260,483
8V1304918 STARWOOD SOF XI PRIV	AT COST	241,764	307,747
179172911 CRP VIII (CARLYLE) P	AT COST	80,023	133,974
4RF012923 CD&R FUND X PRIVATE	AT COST	25,530	333,611
551252919 ARES PCS PRIVATE INV	AT COST	130,992	179,743
270214084 BLACKSTONE - GSO CAP
464287564 ISHARES COHEN & STEE	AT COST	298,129	460,588
651912933 NEWBROOK CAPITAL OFF	AT COST	590,000	695,162
98672C914 BREP ASIA II PRIVATE	AT COST	164,664	201,314
HFTACAPL8 TACONIC OPPORTUNITY
HFTPPBQN4 THIRD POINT OFFSHORE
HFVARANA5 VARDE CREDIT PARTNER	AT COST	400,000	456,614
325628915 BSREP III (BROOKFIEL	AT COST	244,809	271,521
426315917 BREP IX PRIVATE INVE	AT COST	199,699	263,429
612312918 WP GROWTH PRIVATE IN	AT COST	464,613	567,764
632569919 AP X PRIVATE INVESTO	AT COST	216,823	241,447
2F7F6S966 FORT GLOBAL OFFSHORE	AT COST	450,000	481,032
456297944 LAKEWOOD CAPITAL OFF	AT COST	600,000	751,166
523642916 GOOD HILL OVERSEAS F
5M4217912 MARINER ATLANTIC MUL	AT COST	300,000	382,895
HEBHDABC9 BREVAN HOWARD FUND L	AT COST	300,000
PEASFAAC6 ASF VIII PRIVATE INV	AT COST	184,520	275,961
884290925 THIRD POINT OFFSHORE	AT COST	400,000	621,260
HEARSAC64 ARISTEIA INTERNATION	AT COST	300,000	301,909
HEBHDAC87 BREVAN HOWARD FUND L	AT COST		315,598
HECSMAD32 DOLLAR SENIOR LOAN O	AT COST	350,000	351,442
HEFRTADZ3 FORT GLOBAL OFFSHORE	AT COST	300,000	289,274
PEEQTAAB3 EQT INFRASTRUCTURE V	AT COST	134,982	134,982
PESVPAAA3 SVSS V PRIVATE INVES	AT COST	125,000	123,650

Description	Amount
2020 TRANSACTIONS POSTED IN 2021	29,748
ROUNDING	1

Category	Amount	Net Investment Income
FOREIGN TAXES	921	921
FEDERAL ESTIMATES - INCOME	7,250	0
FOREIGN TAXES ON QUALIFIED FOR	8,917	8,917
FOREIGN TAXES ON NONQUALIFIED	1,723	1,723