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
FREUND FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)THE NORTHERN TRUST COMPANY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PO BOX CHI, IL60680
A Employer identification number

36-3157739
B Telephone number (see instructions)

(312) 630-6000
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$1,172,774J 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... 29,332 28,799  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 172,687
b Gross sales price for all assets on line 6a 698,230
7 Capital gain net income (from Part IV, line 2)... 172,687
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 202,019 201,486  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 1,473 0 0 1,473
b Accounting fees (attach schedule)....... Click to see attachment 2,500 1,250 0 1,250
c Other professional fees (attach schedule).... Click to see attachment 12,587 5,232   7,354
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 802 802   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 15     15
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 17,377 7,284 0 10,092
25 Contributions, gifts, grants paid....... 41,543 41,543
26 Total expenses and disbursements. Add lines 24 and 25 58,920 7,284 0 51,635
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 143,099
b Net investment income (if negative, enter -0-) 194,202
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 30,241 20,702 20,702
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 576,081 Click to see attachment757,260 893,287
c Investments—corporate bonds (attach schedule)....... 253,994 Click to see attachment225,499 227,345
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 26,310 Click to see attachment26,223 31,440
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 886,626 1,029,684 1,172,774
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 886,626 1,029,684
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)..... 886,626 1,029,684
30 Total liabilities and net assets/fund balances (see instructions). 886,626 1,029,684
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
886,626
2
Enter amount from Part I, line 27a .....................
2
143,099
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,029,725
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
41
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,029,684
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 1. ADOBE SYS INC   2021-06-10 2021-07-15
b 3. ADOBE SYS INC   2021-06-10 2021-09-01
c 1. ALPHABET INC CAP STK USD0.001 CL C   2021-06-10 2021-09-01
d 1. ALPHABET INC CAPITAL STOCK USD0.001 CL A   2020-03-20 2021-05-06
e 13. ALPHABET INC CAPITAL STOCK USD0.001 CL A   2020-03-20 2021-06-10
1. ALPHABET INC CAPITAL STOCK USD0.001 CL A   2020-08-05 2021-06-10
2. AMERICAN TOWER CORP   2021-06-10 2021-07-15
35. AMERICAN TOWER CORP   2021-06-10 2021-10-26
1. ANALOG DEVICES INC   2020-02-20 2021-05-14
74. ANALOG DEVICES INC   2020-02-20 2021-06-10
6. ANALOG DEVICES INC   2020-07-13 2021-07-15
3. ANALOG DEVICES INC   2020-11-12 2021-11-19
9.00043 ARMSTRONG WORLD INDS INC NEW COM STK   2020-02-20 2021-03-01
1.99957 ARMSTRONG WORLD INDS INC NEW COM STK   2019-11-01 2021-03-01
8. ARMSTRONG WORLD INDS INC NEW COM STK   2019-11-01 2021-05-07
2. ARMSTRONG WORLD INDS INC NEW COM STK   2021-01-21 2021-06-10
116. ARMSTRONG WORLD INDS INC NEW COM STK   2019-11-01 2021-06-10
179. BAXTER INTL INC   2020-02-20 2021-06-10
13. BAXTER INTL INC   2021-02-18 2021-06-10
5. BECTON DICKINSON & CO   2021-06-10 2021-07-15
2. BECTON DICKINSON & CO   2021-06-10 2021-11-19
11. BERKSHIRE HATHAWAY INC-CL B   2021-06-10 2021-06-17
3. BERKSHIRE HATHAWAY INC-CL B   2021-06-10 2021-07-15
18. BROOKFIELD ASSET MGMT INC VOTING SHS CL A VOTING SHS CL A   2021-06-10 2021-07-15
7. BROOKFIELD ASSET MGMT INC VOTING SHS CL A VOTING SHS CL A   2021-06-10 2021-11-19
15. BRUNSWICK CORP   2019-10-28 2021-01-26
40. BRUNSWICK CORP   2019-08-01 2021-02-11
9. BRUNSWICK CORP   2019-08-01 2021-03-01
14. BRUNSWICK CORP   2019-08-01 2021-03-18
4. BRUNSWICK CORP   2020-11-12 2021-04-26
11. BRUNSWICK CORP   2019-08-15 2021-04-26
27. CDW CORP COM   2020-04-15 2021-06-10
6. COPART INC   2021-06-10 2021-07-15
3. COPART INC   2021-08-12 2021-11-19
10. CROWN CASTLE INC COM   2021-02-18 2021-06-10
74. CROWN CASTLE INC COM   2020-05-13 2021-06-10
2. DANAHER CORP   2021-06-10 2021-07-15
1. DANAHER CORP   2021-06-10 2021-11-19
8. DOLLAR TREE INC COM STK   2020-06-22 2021-07-15
3. DOLLAR TREE INC COM STK   2020-08-12 2021-11-19
4. ELECTRONIC ARTS   2018-11-01 2021-03-01
18. ELECTRONIC ARTS   2019-08-15 2021-06-10
1. ELECTRONIC ARTS   2021-01-21 2021-06-10
2. META PLATFORMS INC   2021-06-10 2021-07-15
31. META PLATFORMS INC   2021-06-10 2021-10-28
98. FISERV INC   2020-03-20 2021-06-10
24. FISERV INC   2020-02-20 2021-06-10
5. FISERV INC   2020-02-06 2021-07-15
5. FISERV INC   2020-02-06 2021-07-15
4. FISERV INC   2020-02-06 2021-11-19
116. MFC FLEXSHARES TR MORNINGSTAR GLOBAL UPSTREAM NAT RES INDEX FD   2016-05-19 2021-01-21
5. MFC FLEXSHARES TR MORNINGSTAR GLOBAL UPSTREAM NAT RES INDEX FD   2020-02-20 2021-07-15
72. MFC FLEXSHARES TR MORNINGSTAR GLOBAL UPSTREAM NAT RES INDEX FD   2020-11-12 2021-11-19
7. INTERCONTINENTAL EXCHANGE INC COM   2020-02-20 2021-03-02
13. INTERCONTINENTAL EXCHANGE INC COM   2021-02-18 2021-06-10
160. INTERCONTINENTAL EXCHANGE INC COM   2020-02-07 2021-06-10
2. MFC ISHARES TRUST CORE US AGGREGATE BD ETF   2021-01-21 2021-06-10
79. MFC ISHARES TRUST CORE US AGGREGATE BD ETF   2021-01-21 2021-07-15
75. MFC ISHARES TRUST CORE US AGGREGATE BD ETF   2021-01-21 2021-07-15
63. MFC ISHARES TRUST CORE US AGGREGATE BD ETF   2021-01-21 2021-08-12
19. MFC ISHARES TRUST CORE US AGGREGATE BD ETF   2021-01-21 2021-11-19
7. JACOBS ENGR GROUP INC   2021-06-10 2021-07-15
3. JACOBS ENGR GROUP INC   2021-06-10 2021-11-19
195. LKQ CORP COM LKQ CORP   2021-02-19 2021-06-10
7. LIBERTY BROADBAND CORP COM SER C COM SERC   2021-06-10 2021-07-15
3. LIBERTY BROADBAND CORP COM SER C COM SERC   2021-06-10 2021-11-19
126. LIVERAMP HOLDINGS INC   2021-05-14 2021-06-10
19. LOWES COMPANIES INC   2020-02-20 2021-04-26
6. LOWES COMPANIES INC   2019-09-26 2021-07-15
3. LOWES COMPANIES INC   2020-11-12 2021-11-19
7. MARSH & MCLENNAN COS INC   2021-06-10 2021-07-15
11. MARSH & MCLENNAN COS INC   2021-08-12 2021-09-01
3. MARSH & MCLENNAN COS INC   2021-06-10 2021-11-19
3. MCDONALDS CORP   2020-01-06 2021-05-06
5. MCDONALDS CORP   2021-02-18 2021-06-10
63. MCDONALDS CORP   2019-11-07 2021-06-10
27. NORFOLK SOUTHN CORP COM   2020-03-20 2021-06-10
186. NORTHERN FUNDS SM CAP CORE FD CL K   2019-12-19 2021-01-22
42. NORTHERN FUNDS SM CAP CORE FD CL K   2016-06-21 2021-02-19
5. NORTHERN FUNDS SM CAP CORE FD CL K   2020-02-20 2021-07-15
46. NORTHERN FUNDS SM CAP CORE FD CL K   2020-02-20 2021-11-19
5. MFB NORTHERN MULTI MANAGER GLOBAL LISTEDINFRASTRUCTURE FUND   2019-06-20 2021-02-19
14. MFB NORTHERN MULTI MANAGER GLOBAL LISTEDINFRASTRUCTURE FUND   2019-06-20 2021-07-15
1720. MFB NORTHERN MULTI MANAGER GLOBAL LISTEDINFRASTRUCTURE FUND   2019-08-15 2021-08-12
72. MFB NORTHERN MULTI MANAGER GLOBAL LISTEDINFRASTRUCTURE FUND   2019-08-15 2021-11-19
740.08721 MFB NORTHERN FUNDS MULTI MANAGER HIGH YIELD OPPORTUNITY FUND   2015-10-20 2021-02-19
2653.91279 MFB NORTHERN FUNDS MULTI MANAGER HIGH YIELD OPPORTUNITY FUN   2018-07-19 2021-02-19
501. MFB NORTHERN FUNDS MULTI MANAGER HIGH YIELD OPPORTUNITY FUND   2020-02-20 2021-11-19
3. MFB NORTHN FDS MULTI-MANAGER EMERGING MKTS EQTY FD   2019-01-17 2021-02-19
28. MFB NORTHN FDS MULTI-MANAGER EMERGING MKTS EQTY FD   2019-01-17 2021-07-15
4. MFB NORTHN FDS MULTI-MANAGER EMERGING MKTS EQTY FD   2019-01-17 2021-08-12
139. MFB NORTHN FDS MULTI-MANAGER EMERGING MKTS EQTY FD   2020-11-12 2021-11-19
3. MFB NORTHERN FDS GLOBAL REAL ESTATE INDEX FD   2019-12-12 2021-02-19
10. MFB NORTHERN FDS GLOBAL REAL ESTATE INDEX FD   2020-02-20 2021-07-15
2. MFB NORTHERN FDS GLOBAL REAL ESTATE INDEX FD   2020-02-20 2021-08-12
90. MFB NORTHERN FDS GLOBAL REAL ESTATE INDEX FD   2020-02-20 2021-11-19
14. MFB NORTHN MULTI-MANAGER INTL EQTY FD FD   2015-09-15 2021-02-19
66. MFB NORTHN MULTI-MANAGER INTL EQTY FD FD   2015-09-15 2021-07-15
15. MFB NORTHN MULTI-MANAGER INTL EQTY FD FD   2015-09-15 2021-08-12
607. MFB NORTHN MULTI-MANAGER INTL EQTY FD FD   2017-01-20 2021-11-19
6291.48 MFB NORTHERN FDS FIXED INCOME FD   2020-12-17 2021-01-22
4011.52 MFB NORTHERN FDS FIXED INCOME FD   2019-12-12 2021-01-22
667. MFB NORTHERN FDS FIXED INCOME FD   2020-05-18 2021-07-15
299. MFB NORTHERN FDS FIXED INCOME FD   2020-05-18 2021-08-12
90. MFB NORTHERN FDS FIXED INCOME FD   2020-05-18 2021-11-19
10. ADR NOVARTIS AG SPONSORED ADR ISIN #US66987V1098   2021-06-10 2021-07-15
4. ADR NOVARTIS AG SPONSORED ADR ISIN #US66987V1098   2021-06-10 2021-11-19
6. PPG INDS INC COM   2021-06-10 2021-07-15
2. PPG INDS INC COM   2021-06-10 2021-11-19
8. PACCAR INC   2021-06-10 2021-07-15
7. PACCAR INC   2021-06-10 2021-11-19
1. PARKER HANNIFIN CORP   2021-11-09 2021-11-19
10. PROGRESSIVE CORP OHIO   2021-06-10 2021-07-15
4. PROGRESSIVE CORP OHIO   2021-06-10 2021-11-19
2. PUB STORAGE INC COM   2020-02-24 2021-05-14
5. PUB STORAGE INC COM   2021-02-18 2021-06-10
74. PUB STORAGE INC COM   2020-05-13 2021-06-10
5. S&P GLOBAL INC COM   2020-02-20 2021-05-06
3. S&P GLOBAL INC COM   2021-02-18 2021-06-10
39. S&P GLOBAL INC COM   2019-01-17 2021-06-10
11. SKYWORKS SOLUTIONS INC   2019-12-12 2021-01-25
3. SKYWORKS SOLUTIONS INC   2018-08-17 2021-02-19
82. SKYWORKS SOLUTIONS INC   2020-02-20 2021-06-10
7. SKYWORKS SOLUTIONS INC   2021-02-18 2021-06-10
248. SOTERA HEALTH CO COM   2021-03-18 2021-06-10
7. STARBUCKS CORP   2021-02-18 2021-02-19
71. STARBUCKS CORP   2020-03-02 2021-06-10
138. SYSCO CORP   2021-05-04 2021-06-10
12. TJX COS INC NEW   2021-06-10 2021-07-15
5. TJX COS INC NEW   2021-06-10 2021-11-19
17. US BANCORP DEL NEW   2021-06-10 2021-07-15
6. US BANCORP DEL NEW   2021-06-10 2021-11-19
23. VERISIGN INC   2021-03-01 2021-06-10
47. VERISK ANALYTICS INC COM USD0.001   2021-05-07 2021-06-10
4. VISA INC CLASS A SHARES   2020-03-16 2021-07-15
5. VULCAN MATERIALS CO   2018-07-25 2021-01-06
6. VULCAN MATERIALS CO   2021-02-18 2021-06-10
71. VULCAN MATERIALS CO   2020-02-20 2021-06-10
85. WASTE MGMT INC DEL   2020-05-13 2021-06-10
47. WASTE MGMT INC DEL   2021-02-19 2021-06-10
3. ZEBRA TECHNOLOGIES CORP CL A   2021-02-18 2021-02-19
2. ZEBRA TECHNOLOGIES CORP CL A   2020-03-03 2021-05-07
17. ZEBRA TECHNOLOGIES CORP CL A   2020-03-03 2021-06-10
19. ARCH CAP GROUP LTD ORD   2021-06-10 2021-07-15
3. ACCENTURE PLC SHS CL A NEW   2021-06-10 2021-07-15
7. ACCENTURE PLC SHS CL A NEW   2021-06-10 2021-09-17
1. ACCENTURE PLC SHS CL A NEW   2021-06-10 2021-11-19
.07 BROOKFIELD ASSET MGMT REINS PAR LTD CL AEXCHANGEABLE LTD VTG SHS   2021-06-28 2021-06-28
2. BROOKFIELD ASSET MGMT REINS PAR LTD CL AEXCHANGEABLE LTD VTG SHS   2021-06-28 2021-07-14
1. LINDE PLC COM USD0.001   2021-06-10 2021-07-15
1. LINDE PLC COM USD0.001   2021-06-10 2021-11-19
1. MEDTRONIC PLC COMMON STOCK   2020-02-13 2021-05-14
252. MEDTRONIC PLC COMMON STOCK   2020-02-13 2021-06-10
8. MEDTRONIC PLC COMMON STOCK   2021-02-18 2021-06-10
10. ALCON AG COM USD0.04 WI   2021-06-10 2021-07-15
4. ALCON AG COM USD0.04 WI   2021-06-10 2021-11-19
5. TE CONNECTIVITY LTD   2021-06-10 2021-07-15
2. TE CONNECTIVITY LTD   2021-06-10 2021-11-19
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 606   530 76
b 2,003   1,589 414
c 2,922   2,514 408
d 2,316   1,127 1,189
e 31,526   12,763 18,763
2,425   1,484 941
563   539 24
10,064   9,436 628
150   124 26
12,275   7,327 4,948
982   716 266
564   410 154
787   912 -125
175   191 -16
830   762 68
214   162 52
12,433   8,077 4,356
14,995   12,394 2,601
1,089   1,025 64
1,233   1,226 7
499   490 9
3,069   3,165 -96
839   863 -24
908   897 11
413   349 64
1,379   904 475
3,604   1,937 1,667
839   436 403
1,407   678 729
426   277 149
1,171   528 643
4,486   2,820 1,666
837   741 96
459   388 71
1,984   1,589 395
14,681   10,087 4,594
562   492 70
315   246 69
789   755 34
403   309 94
546   376 170
2,591   1,651 940
144   146 -2
689   663 26
9,996   10,273 -277
10,767   9,444 1,323
2,637   2,916 -279
554   609 -55
554   609 -55
399   487 -88
4,051   2,903 1,148
189   160 29
2,753   2,238 515
792   656 136
1,452   1,369 83
17,865   12,626 5,239
230   235 -5
9,161   9,265 -104
8,698   8,795 -97
7,278   7,388 -110
2,176   2,228 -52
928   989 -61
440   424 16
9,568   6,328 3,240
1,189   1,133 56
497   485 12
6,088   6,185 -97
3,771   2,142 1,629
1,174   663 511
748   473 275
987   975 12
1,739   1,543 196
506   418 88
700   597 103
1,169   1,068 101
14,726   12,171 2,555
7,346   3,815 3,531
5,747   4,567 1,180
1,354   848 506
163   134 29
1,624   1,203 421
62   64 -2
190   179 11
23,736   21,896 1,840
966   869 97
7,023   7,038 -15
25,186   25,442 -256
4,749   4,774 -25
71   57 14
634   536 98
88   77 11
3,029   2,907 122
31   34 -3
117   117  
24   23 1
1,077   1,027 50
179   134 45
894   633 261
209   144 65
8,516   5,815 2,701
67,759   67,177 582
43,204   38,739 4,465
7,150   6,917 233
3,187   3,101 86
952   933 19
912   936 -24
327   374 -47
1,029   1,068 -39
323   356 -33
707   736 -29
606   644 -38
333   331 2
949   955 -6
363   382 -19
548   452 96
1,476   1,165 311
21,840   15,220 6,620
1,933   1,288 645
1,152   1,019 133
14,973   7,267 7,706
1,826   1,031 795
578   275 303
13,877   6,490 7,387
1,185   1,125 60
6,108   6,868 -760
730   663 67
7,940   5,758 2,182
10,883   10,137 746
817   779 38
353   325 28
1,000   1,005 -5
346   355 -9
5,056   4,503 553
7,973   8,406 -433
994   632 362
807   603 204
1,047   877 170
12,395   8,171 4,224
11,879   7,936 3,943
6,568   5,254 1,314
1,473   912 561
967   434 533
8,635   3,687 4,948
721   750 -29
945   853 92
2,367   1,990 377
372   284 88
4   5 -1
102   138 -36
292   292  
332   292 40
126   117 9
31,368   21,424 9,944
996   932 64
687   702 -15
330   281 49
684   683 1
330   273 57
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
      39,941
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       76
b       414
c       408
d       1,189
e       18,763
      941
      24
      628
      26
      4,948
      266
      154
      -125
      -16
      68
      52
      4,356
      2,601
      64
      7
      9
      -96
      -24
      11
      64
      475
      1,667
      403
      729
      149
      643
      1,666
      96
      71
      395
      4,594
      70
      69
      34
      94
      170
      940
      -2
      26
      -277
      1,323
      -279
      -55
      -55
      -88
      1,148
      29
      515
      136
      83
      5,239
      -5
      -104
      -97
      -110
      -52
      -61
      16
      3,240
      56
      12
      -97
      1,629
      511
      275
      12
      196
      88
      103
      101
      2,555
      3,531
      1,180
      506
      29
      421
      -2
      11
      1,840
      97
      -15
      -256
      -25
      14
      98
      11
      122
      -3
       
      1
      50
      45
      261
      65
      2,701
      582
      4,465
      233
      86
      19
      -24
      -47
      -39
      -33
      -29
      -38
      2
      -6
      -19
      96
      311
      6,620
      645
      133
      7,706
      795
      303
      7,387
      60
      -760
      67
      2,182
      746
      38
      28
      -5
      -9
      553
      -433
      362
      204
      170
      4,224
      3,943
      1,314
      561
      533
      4,948
      -29
      92
      377
      88
      -1
      -36
       
      40
      9
      9,944
      64
      -15
      49
      1
      57
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 172,687
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 2,699
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 2,699
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 1,337
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 4,162
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,499
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,800
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet2,800 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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 addressbullet  
    14
    The books are in care ofbulletNORTHERN TRUST Telephone no.bullet (312) 630-6000

    Located atbulletPO BOX 803878CHICAGOIL ZIP+4bullet60675
    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
    JAMES P FREUND PRESIDENT
    1     		0    
    1221 MARQUETTE AVE
    GREEN BAY,WI54304
    JO MATHEWS VICE PRESIDENT
    1     		0    
    352 KELBURN RD 224
    DEERFIELD,IL60015
    DONNA R FREUND SECRETARY TREASURER
    1     		0    
    1221 MARQUETTE AVE
    GREEN BAY,WI54304
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,148,680
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,148,680
    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
    1,148,680
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    17,230
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    1,131,450
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    56,573
    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
    56,573
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    2,699
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,699
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    53,874
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    53,874
    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
    53,874
    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 53,874
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 41,543
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 0
    b From 2017...... 0
    c From 2018...... 0
    d From 2019...... 0
    e From 2020...... 0
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 51,635
    a Applied to 2020, but not more than line 2a 41,543
    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..... 10,092
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		43,782
    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)
    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
    SEE ATTACHED SCHEDULE
    SEE ATTACHED SCHEDULE
    SEE ATTACHED SCHEDULE,IL60680     		NONE PC GENERAL 41,543
    Total .................................bullet 3a 41,543
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 172,687  
    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) ..   202,019  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    202,019
    (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:
    FREUND FAMILY FOUNDATION
    EIN:
    36-3157739
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 2,500 1,250   1,250

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    FREUND FAMILY FOUNDATION
    EIN:
    36-3157739
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SEE ATTACHED SCHEDULE 225,499 227,345

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    FREUND FAMILY FOUNDATION
    EIN:
    36-3157739
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SEE ATTACHED SCHEDULE 757,260 893,287

    TY 2021 InvestmentsOtherSchedule2
    Name:
    FREUND FAMILY FOUNDATION
    EIN:
    36-3157739
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SEE ATTACHED SCHEDULE AT COST 26,223 31,440

    TY 2021 LegalFeesSchedule
    Name:
    FREUND FAMILY FOUNDATION
    EIN:
    36-3157739
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GENERAL LEGAL FEES 1,473     1,473


    TY 2021 OtherDecreasesSchedule
    Name:
    FREUND FAMILY FOUNDATION
    EIN:
    36-3157739
    Description Amount
    TAX COST ADJUSTMENT 41


    TY 2021 OtherExpensesSchedule
    Name:
    FREUND FAMILY FOUNDATION
    EIN:
    36-3157739
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE AG FEES 15 0   15


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    FREUND FAMILY FOUNDATION
    EIN:
    36-3157739
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVISORY FEES 9,806 2,451   7,354
    INVESTMENT MANAGEMENT FEES 2,779 2,779    
    SERVICE FEES 2 2    


    TY 2021 TaxesSchedule
    Name:
    FREUND FAMILY FOUNDATION
    EIN:
    36-3157739
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 802 802   0