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 11-01-2021 , and ending 10-31-2022
Name of foundation
ZURN FOUNDATION INC (FKA REXNORD FOUNDATION INC)
 
% Patricia Whaley
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2022
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Milwaukee, WI532012022
A Employer identification number

39-6042029
B Telephone number (see instructions)

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$4,597,287J 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) 2,000,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 14 14 0
4 Dividends and interest from securities... 54,100 54,100 0
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 245,836
b Gross sales price for all assets on line 6a 3,405,197
7 Capital gain net income (from Part IV, line 2)... 245,836
8 Net short-term capital gain.........  
9 Income modifications........... 0
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0 0
11 Other income (attach schedule)....... 0 0 0
12 Total. Add lines 1 through 11........ 2,299,950 299,950 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 0 0 0 0
15 Pension plans, employee benefits....... 0 0 0 0
16a Legal fees (attach schedule)......... 0 0 0 0
b Accounting fees (attach schedule)....... 0 0 0 0
c Other professional fees (attach schedule).... 0 0 0 0
17 Interest............... 0 0 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,000 0 0 0
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy.............. 0 0 0 0
21 Travel, conferences, and meetings....... 0 0 0 0
22 Printing and publications.......... 0 0 0 0
23 Other expenses (attach schedule)....... Click to see list of attachments 6,620 6,620 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 9,620 6,620 0 0
25 Contributions, gifts, grants paid....... 586,176 586,176
26 Total expenses and disbursements. Add lines 24 and 25 595,796 6,620 0 586,176
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,704,154
b Net investment income (if negative, enter -0-) 293,330
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............. 112,941 1,680,022 1,680,022
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0  
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet   0 0  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   0  
b Investments—corporate stock (attach schedule).......   0  
c Investments—corporate bonds (attach schedule).......   0  
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,598,575 Click to see attachment2,917,265 2,917,265
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
15 Other assets (describe bullet) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,711,516 4,597,287 4,597,287
Liabilities 17 Accounts payable and accrued expenses.......... 0 0
18 Grants payable................. 664,000 482,000
19 Deferred revenue................. 0 0
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment0
23 Total liabilities (add lines 17 through 22)......... 664,000 482,000
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........... 3,047,516 4,115,287
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 3,047,516 4,115,287
30 Total liabilities and net assets/fund balances (see instructions). 3,711,516 4,597,287
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
3,047,516
2
Enter amount from Part I, line 27a .....................
2
1,704,154
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
182,000
4
Add lines 1, 2, and 3 ..........................
4
4,933,670
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
818,383
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,115,287
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 Public Traded Securities      
b Public Traded Securities      
c
d
e
(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 84,287 0 0 84,287
b 3,320,910 0 3,159,361 161,549
c
d
e
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       84,287
b       161,549
c
d
e
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 2 245,836
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  
3 Add lines 1 and 2........................... 3 4,077
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 4,077
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 12,096
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 0 7 12,096
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 8,019
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet0 RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletFoundation Manager Telephone no.bullet (414) 808-0100

    Located atbulletPO BOX 2022MILWAUKEEWI ZIP+4bullet532012022
    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
    Yes
     
    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.) Click to see attachment..............
    2b
    Yes
     
    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
    Todd AdamsClick to see attachment Officer
    8.00     		0 0 0
    W332 N6125 County Road C
    Nashotah,WI53058
    Patricia WhaleyClick to see attachment Officer
    8.00     		0 0 0
    722 E Lake View Avenue
    Whitefish Bay,WI53217
    Mark PetersonClick to see attachment Officer
    8.00     		0 0 0
    W53 N866 Castle Court
    Cedarburg,WI53012
    Charles RoyClick to see attachment Director
    8.00     		0 0 0
    14245 Heatherwood Court
    Elm Grove,WI53122
    Angela HersilClick to see attachment Director
    8.00     		0 0 0
    18960 Chapel Hill Drive
    Brookfield,WI53045
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
     
    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)
    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
    3,171,252
    b
    Average of monthly cash balances.......................
    1b
    1,475,677
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,646,929
    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
    4,646,929
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    69,704
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    4,577,225
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    228,861
    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
    228,861
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    4,077
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    0
    c
    Add lines 2a and 2b............................
    2c
    4,077
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    224,784
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    224,784
    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
    224,784
    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 7 224,784
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 180,862
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 349,804
    b From 2017...... 337,823
    c From 2018...... 352,031
    d From 2019...... 467,901
    e From 2020...... 478,858
    f Total of lines 3a through e ........ 1,986,417
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 586,176
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2021. 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 1,986,417
    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......     		 
    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 .............     		180,862
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		224,784
    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) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		349,804
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		1,636,613
    10 Analysis of line 9:
    a Excess from 2017.... 337,823
    b Excess from 2018.... 352,031
    c Excess from 2019.... 467,901
    d Excess from 2020.... 478,858
    e Excess from 2021.... 361,427
    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 e-mail address of the person to whom applications should be addressed:
    Zurn Foundation
    511 W Freshwater Way
    Milwaukee,WI53204
    (414) 808-0100
    bThe form in which applications should be submitted and information and materials they should include:
    Application form and essay score report for ACT and or SAT & official high school transcripts.
    cAny submission deadlines:
    02 25 2022
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Child and or stepchild of an active non-highly compensated Zurn Elkay associate. Applicants must have a GPA of 3.3 or above and be a high school senior or graduate in 2022 and enrolled in a 4-year college or university no later than January 2023.
    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
    All Dulles Area Muslim Society
    46903 Sugarland Road
    Sterling,VA20164     		No Relationship PC For Religion 1,060
    American Brain Tumor Association
    8550 W Bryn Mawr Avenue
    Suite 550
    Chicago,IL60631     		No Relationship PC For Disease 50
    American Diabetes Association
    2949 N Mayfair Road
    Suite 306
    Milwaukee,WI53222     		No Relationship PC For Medical Research 50
    American Red Cross
    2801 Liberty Avenue
    Pittsburgh,PA15222     		No Relationship PC For Safety 50
    B Desh Foundation Inc
    228121 Silverbrook Center Drive
    Suite 110A
    Sterling,VA20166     		No Relationship PC For International 1,000
    Be the Match Foundation
    500 N 5th Street
    Minneapolis,MN55401     		No Relationship PC For Youth 100
    Big Brothers Big Sisters of Metro Milwaukee Inc
    788 N Jefferson Street
    Suite 600
    Milwaukee,WI53202     		No Relationship PC For Youth 2,600
    Big Brothers Big Sisters of Metro Milwaukee Inc
    788 N Jefferson Street
    Suite 600
    Milwaukee,WI53202     		No Relationship PC For Grant 5,000
    Black Arts MKE Inc
    929 N Water Street
    Milwaukee,WI53202     		No Relationship PC For Arts Humanities 750
    Boys and Girls Club of Greater Milwaukee
    2404 W Rogers Street
    Milwaukee,WI53204     		No Relationship PC For Grant 15,000
    Bridgewater College
    402 E College Street
    Bridgewater,VA22812     		No Relationship PC For Scholarship 2,000
    Bryant and Stratton College
    465 Main Street
    Suite 440
    Buffalo,NY14203     		No Relationship PC For Scholarship 2,000
    Carthage College
    2001 Alford Park Drive
    Kenosha,WI53140     		No Relationship PC For Scholarship 2,000
    Catholic Charities of the Archidiocese of Milwaukee Inc
    2021 N 60th Street
    Milwaukee,WI53208     		No Relationship PC For Human Services 400
    Catolic Relief Services United States Conference of Catholic Bish
    228 W Lexington Street
    Baltimore,MD21201     		No Relationship PC For Safety 400
    Childrens Hospital of Wisconsin Foundation
    PO Box 1997
    Milwaukee,WI53201     		No Relationship PC For Grant 200,000
    City Mission of the Evangelical Churches of Erie PA
    1017 French Street
    Erie,PA16501     		No Relationship PC For Human Services 75
    Curepsp Inc
    1216 Broadway
    New York City,NY10001     		No Relationship PC For Disease 50
    Cystic Fibrosis Foundation
    6931 Arlington Road
    Bethesda,MD20814     		No Relationship PC For Disease 100
    Feeding America Eastern Wisconsin Inc
    1700 W Fond Du Lac Avenue
    Milwaukee,WI53205     		No Relationship PC For Agriculture 300
    First Stage Milwaukee Inc Performing Arts Center
    325 W Walnut Street
    Milwaukee,WI53212     		No Relationship PC For Arts Humanities 100
    Florentine Opera Company Inc
    205 W Highland
    Suite 201
    Milwaukee,WI53203     		No Relationship PC For Arts Humanities 100
    Food Bank Coalition of San Luis Obispo County
    1180 Kendall Road
    San Luis Obispo,CA93401     		No Relationship PC Human Services 5,650
    Georgetown Univeristy
    1421 37th Street
    Washington,DC20057     		No Relationship PC For Education 100
    Grady's Decision
    5390 Cray Road
    Erie,PA16509     		No Relationship PC For Disease 53
    Hunger Task Force
    201 S Hawley Court
    Milwaukee,WI53214     		No Relationship PC For Human Services 100
    Hunger Task Force Inc
    201 S Hawley Court
    Milwaukee,WI53214     		No Relationship PC For Grant 104,135
    International Rescue Committee Inc
    122 E 42nd Street
    New York City,NY10168     		No Relationship PC For International 75
    JDRF International
    200 Vesey Street
    New York City,NY10281     		No Relationship PC For Disease 250
    Journey House Inc
    2110 W Scott Street
    Milwaukee,WI53204     		No Relationship PC For Education 350
    Just One More Ministry Inc
    4180 N Lydell Avenue
    Glendale,WI53212     		No Relationship PC For Religion 1,000
    Kenosha Achievement Center Inc
    1218 79th Street
    Kenosha,WI53143     		No Relationship PC For Human Services 550
    Mighty Oaks Foundation
    29910 Murrieta Hot Springs Road
    Suite G530
    Murrieta,CA92563     		No Relationship PC For Public 100
    Milwaukee Art Museum Inc
    700 N Art Museum Drive
    Milwaukee,WI53202     		No Relationship PC For Arts Humanities 100
    Milwaukee Downtown Inc
    301 W Wisconsin Avenue
    Suite 106
    Milwaukee,WI53203     		No Relationship PC For Community 1,000
    Milwaukee Rescue Mission
    830 N 19th Street
    Milwaukee,WI53233     		No Relationship PC For Housing 1,357
    Milwaukee School of Engineering
    1025 N Broadway
    Milwaukee,WI53202     		No Relationship PC For Education 2,827
    Milwaukee School of Engineering
    1025 N Broadway
    Milwaukee,WI53202     		No Relationship PC For Grant 5,000
    Milwaukee Symphony Orchestra Inc
    212 W Wisconsin Avenue
    Milwaukee,WI53203     		No Relationship PC For Arts Humanities 100
    Milwaukee Youth Symphony Orchestra
    325 W Walnut Street
    Milwaukee,WI53212     		No Relationship PC For Arts Humanities 250
    Misericordia Home
    6300 N Ridge Avenue
    Chicago,IL60660     		No Relationship PC For Human Services 100
    MKE Fellows
    1527 N Astor Street
    Milwaukee,WI53202     		No Relationship PC For Grant 10,000
    Nami Southeast Wisconsin Inc
    1915 N Dr Martin Luther King Jr Dr
    Milwaukee,WI53212     		No Relationship PC For Crisis 383
    National Multiple Sclerosis Society - Colorado Chapter
    900 S Broadway
    Denver,CO80209     		No Relationship PC For Disease 150
    Next Door Foundation
    2545 N 29th Street
    Milwaukee,WI53210     		No Relationship PC For Grant 7,000
    Oasis Church Inc
    PO Box 1234
    Holly Springs,NC27540     		No Relationship PC For Religion 3,010
    Ohio Univeristy
    110 Chubb Hall
    Athens,OH45701     		No Relationship PC For Scholarship 2,000
    Palm Beach Atlantic University
    901 S Flagler Drive
    West Palm Beach,FL33401     		No Relationship PC For Scholarship 4,000
    Penn State University
    111 Old Main
    University Park,PA16802     		No Relationship PC For Scholarship 2,000
    Pennsylvania State University
    2583 Gateway Drive
    Suite 130
    State College,PA16801     		No Relationship PC For Education 50
    Readers 2 Leaders
    2800 N Hampton Road
    Suite 120
    Dallas,TX75212     		No Relationship PC For Youth 1,000
    Robert A Toigo Foundation
    555 12th Street
    Suite 275
    Oakland,CA94607     		No Relationship PC For Education 1,500
    Rockland Negro Scholarship Fund Inc
    PO Box 143
    Naunet,NY10954     		No Relationship PC For Education 100
    Ronald McDonald House Charities of Philadelphia
    3925 Chestnut Street
    Philadelphia,PA19104     		No Relationship PC For Health 310
    Saint Thomas More High School Inc
    2601 E Morgan Avenue
    Milwaukee,WI53207     		No Relationship PC For Education 2,000
    Saint Xavier University
    3700 W 103rd Street
    Chicago,IL60655     		No Relationship PC For Scholarship 2,000
    San Luis Obispo Repertory Theatre
    888 Morro Street
    San Luis Obispo,CA93401     		No Relationship PC For Human Services 1,500
    Second Harvest Food Bank of Northwest Pennsylvania
    1507 Grimm Drive
    Erie,PA16501     		No Relationship PC For Agriculture 150
    Sharon Lynne Wilson Center for the Arts Inc
    3270 Mitchell Park Drive
    Brookfield,WI53045     		No Relationship PC For Arts Humanities 100
    Shriners Hospitals for Children
    2900 N Rocky Point Drive
    Tampa,FL33607     		No Relationship PC For Health 600
    Sojourner Family Peace Center Inc
    728 N James Lovell Street
    Milwaukee,WI53233     		No Relationship PC For Human Services 1,050
    Sojourner Family Peace Center Inc
    728 N James Lovell Street
    Milwaukee,WI53233     		No Relationship PC For Grant 15,000
    St Augustine Preparatory Academy Inc
    2607 S 5th Street
    Milwaukee,WI53207     		No Relationship PC For Education 1,000
    St Joseph Catholic Academy
    2401 69th Street
    Kenosha,WI53143     		No Relationship PC For Education 50
    Texas AM University
    120 Spence
    College Station,TX77843     		No Relationship PC For Scholarship 6,000
    The Board of Trustees of the Leland Stanford Junior University
    866 Campus Drive
    Stanford,CA94305     		No Relationship PC For Education 100
    The Living Desert
    47900 Portola Avenue
    Palm Desert,CA92260     		No Relationship PC For Animals 250
    Toy Bank of Greater Paso Robles Inc
    104 Via Promesa
    Paso Robles,CA93446     		No Relationship PC For Human Services 100
    Triangle Education Foundation
    120 S Center Street
    Plainfield,IN46168     		No Relationship PC For Education 10,000
    True Skool Inc
    161 W Wisconsin Avenue
    Suite 1000
    Milwaukee,WI53203     		No Relationship PC For Arts Humanities 250
    United Community Center
    1028 S 9th Street
    Milwaukee,WI53204     		No Relationship PC For Education 3,150
    United Community Center Inc
    1028 S 9th Street
    Milwaukee,WI53204     		No Relationship PC For Grant 10,000
    United Performing Arts Fund Inc
    301 W Wisconsin Avenue
    Suite 600
    Milwaukee,WI53203     		No Relationship PC For Arts Humanities 500
    United State Fund for UNICEF
    125 Maiden Lane
    New York City,NY10038     		No Relationship PC For International 1,000
    United Way Halton Hamilton
    177 Rebeca Street
    Hamilton,OntarioL8R 1B9
    AF     		No Relationship PC For Pledge 11,731
    United Way of Calgary and Area
    600-105 12th Avenue SE
    Calgary,Southern AlbertaT2G 1A1
    AF     		No Relationship PC For Pledge 1,800
    United Way of Greater Milwaukee
    225 W Vine Street
    Milwaukee,WI53212     		No Relationship PC For Pledge 77,929
    University at Buffalo
    200 Lee Entrance
    Buffalo,NY14228     		No Relationship PC For Scholarship 2,000
    University of California - Santa Barbara
    5221 Cheadle Hall
    Santa Barbara,CA93106     		No Relationship PC For Scholarship 4,000
    University of La Verne
    1950 3rd Street
    La Verne,CA91750     		No Relationship PC For Scholarship 2,000
    University of Nebraska - Lincoln
    1400 R Street
    Lincoln,NE68588     		No Relationship PC For Scholarship 2,000
    University of Pittsburgh Cancer Institute Cancer Services
    5150 Centre Avenue
    Suite 571
    Pittsburgh,PA15232     		No Relationship PC For Health 50
    University of Wisconsin - Madison
    500 Lincoln Drive
    Madison,WI53706     		No Relationship PC For Scholarship 8,000
    University of Wisconsin - Milwaukee
    2200 E Kenwood Boulevard
    Milwaukee,WI53211     		No Relationship PC For Scholarship 4,000
    University of Wisconsin - Stevens Point
    2100 Main Street
    Stevens Point,WI54481     		No Relationship PC For Scholarship 2,000
    University of Wisconsin - Stout
    712 Broadway Street
    Menomonie,WI54751     		No Relationship PC For Scholarship 2,000
    Urban Ecology Center
    3700 W Pierce Street
    Milwaukee,WI53215     		No Relationship PC For Grant 15,000
    University of Wisconsin - Whitewater Foundation Inc
    800 W Main Street
    Whitewater,WI531901790     		No Relationship PC For Education 50
    Water Org Inc
    117 W 20th Street
    Kansas City,MO64108     		No Relationship PC For International 150
    West Ridge Fire Department
    3142 W 26th Street
    Erie,PA16506     		No Relationship PC For Safety 220
    Western Michigan University
    1903 W Michigan Avenue
    Kalamazoo,MI49008     		No Relationship PC For Scholarship 2,000
    Wheaton College
    501 College Avenue
    Wheaton,IL60187     		No Relationship PC For Scholarship 2,000
    Wisconsibs Inc
    211 E Franklin Street
    Appleton,WI54911     		No Relationship PC For Human Services 100
    Wisconsin Conservatory of Music Inc
    1584 N Prospect Avenue
    Milwaukee,WI53202     		No Relationship PC For Arts Humanities 250
    World Central Kitchen Inc
    200 Massachusetts Avenue
    Washington,DC20001     		No Relationship PC For Safety 1,000
    World Vision
    34834 Weyerhaeuser Way
    Federal Way,WA98001     		No Relationship PC For International 311
    Zoological Society of Milwaukee
    10005 W Bluemound Road
    Milwaukee,WI53226     		No Relationship PC For Grant 5,000
    Total .................................bullet 3a 586,176
    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 ....   0   0 0
    3 Interest on savings and temporary cash
    investments ...........     		  0 14 14 0
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......   0   0 0
    bNot debt-financed property.....   0   0 0
    6 Net rental income or (loss) from personal property   0   0 0
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		  0 18 245,836 0
    9 Net income or (loss) from special events:   0   0 0
    10 Gross profit or (loss) from sales of inventory   0   0 0
    11 Other revenue:
    a       		  0   0 0
    b     0   0 0
    c     0   0 0
    d     0   0 0
    e     0   0 0
    12 Subtotal. Add columns (b), (d), and (e) .. 0 299,950 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    299,950
    (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: 21013404
    Software Version: V1.0
    Part VI Line 7 - Tax Paid with the Original Return: 0


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

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    ZURN FOUNDATION INC (FKA REXNORD FOUNDATION INC)
     
    Employer identification number

    39-6042029
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    ZURN FOUNDATION INC (FKA REXNORD FOUNDATION INC)
          		Employer identification number
    39-6042029
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Zurn LLC
     
    511 W Freshwater Way
     
    Milwaukee, WI53204

    		$ 2,000,000


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    ZURN FOUNDATION INC (FKA REXNORD FOUNDATION INC)
          		Employer identification number

    39-6042029
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    ZURN FOUNDATION INC (FKA REXNORD FOUNDATION INC)
          		Employer identification number

    39-6042029
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 InvestmentsOtherSchedule2
    Name:
    ZURN FOUNDATION INC (FKA REXNORD FOUNDATION INC)
    EIN:
    39-6042029
    Software ID:
    21013404
    Software Version:
    V1.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Vanguard 500 Index   0 0
    Federated Total Return Bond   0 0
    Dodge & Cox Income Fund   0 0
    Wells Fargo Adv Core Bond   0 0
    Metropolitan West Total Return Bond   0 0
    Northern Mid Cap Index   0 0
    Europacific Growth   0 0
    T Rowe Price Equity Income   0 0
    MFS Value   0 0
    Lazard International Equity   0 0
    Causeway International   0 0
    T Rowe Price Institutional Large Cap   0 0
    Voya Large Cap Growth   0 0
    Dodge & Cox Stock   0 0
    JP Morgan Small Cap Equity   0 0
    Wells Fargo Adv Growth   0 0
    Oppenheimer Developing Markets   0 0
    Acadian Emerging Markets   0 0
    Goldman Sachs Small Cap Value   0 0
    Invesco Small Cap Growth   0 0
    BlackRock Core S&P US Stock Fund   698,263 698,263
    DFA US Sustain Core Equity Fund   409,557 409,557
    Metropolitan West Total Return Bond   239,672 239,672
    Doubleline Total Return Bond Fund   239,657 239,657
    Artisan High Income Institutional Bond Fund   197,074 197,074
    BlackRock Core MSCI International Stock Fund   194,224 194,224
    BlackRock Core S&P Small Cap Stock Fund   154,224 154,224
    Artisan Focused Equity Fund   149,481 149,481
    Fidelity Advisor Floating Rate High Income Bond Fund   149,078 149,078
    Angel Oak Ultrashore Income Institutional Bond Fund   148,085 148,085
    Angel Oak Multi-Strategy Income Institutional Stock Fund   143,324 143,324
    FMI International Institutional Stock Fund   102,323 102,323
    Invesco Developing Markets   92,303 92,303

    TY 2021 OtherDecreasesSchedule
    Name:
    ZURN FOUNDATION INC (FKA REXNORD FOUNDATION INC)
    EIN:
    39-6042029
    Software ID:
    21013404
    Software Version:
    V1.0
    Description Amount
    Miscellaneous Other 46
    Unrealized Gain Loss in Investments 818,337


    TY 2021 OtherExpensesSchedule
    Name:
    ZURN FOUNDATION INC (FKA REXNORD FOUNDATION INC)
    EIN:
    39-6042029
    Software ID:
    21013404
    Software Version:
    V1.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 5,601 5,601 0 0
    Bank Fees 1,019 1,019 0 0


    TY 2021 OtherIncreasesSchedule
    Name:
    ZURN FOUNDATION INC (FKA REXNORD FOUNDATION INC)
    EIN:
    39-6042029
    Software ID:
    21013404
    Software Version:
    V1.0
    Description Amount
    Change in Deferred Appropriations 182,000


    TY 2021 TaxesSchedule
    Name:
    ZURN FOUNDATION INC (FKA REXNORD FOUNDATION INC)
    EIN:
    39-6042029
    Software ID:
    21013404
    Software Version:
    V1.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Income Tax 3,000 0 0 0