TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0047

2021

Open to Public Inspection

For calendar year 2021, or tax year beginning 10-01-2021 , and ending 09-30-2022

Name of foundation
HENRIK A VALLE SCHOLARSHIP TRUST

Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118

A Employer identification number

91-6233353

B Telephone number (see instructions)

(888) 730-4933

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$6,773,370J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	131,417		130,490
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,373,080
b	Gross sales price for all assets on line 6a 3,837,373
7	Capital gain net income (from Part IV, line 2)...			1,373,080
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).......		3,194
12	Total. Add lines 1 through 11........	1,507,691		1,503,570
13	Compensation of officers, directors, trustees, etc.	81,238		73,114		8,124
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		890	0	0	890
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		20,111	703		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).......		25			25
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	102,264		73,817	0	9,039
25	Contributions, gifts, grants paid.......	385,283				385,283
26	Total expenses and disbursements. Add lines 24 and 25	487,547		73,817	0	394,322
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,020,144
b	Net investment income (if negative, enter -0-)			1,429,753
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............		14	14
	2	Savings and temporary cash investments.........	114,749	485,956	485,956
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,889,869	2,958,032	3,797,468
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,926,506	2,505,741	2,489,932
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	4,931,124	5,949,743	6,773,370
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	4,931,124	5,949,743
	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).....	4,931,124	5,949,743
	30	Total liabilities and net assets/fund balances (see instructions).	4,931,124	5,949,743

Part III

Analysis of Changes in Net Assets or Fund Balances

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

4,931,124

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

1,020,144

Other increases not included in line 2 (itemize) bullet

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

5,951,285

Decreases not included in line 2 (itemize) bullet

1,542

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

5,949,743

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	5157.272 FIDELITY NEW MRKTS INC-Z #3323			2021-10-05
b	4499.435 PIMCO EM MKTS CORP BD FD INS 1948			2021-10-05
c	891.673 TCW EMRG MRKTS INC-PLAN #5721		2018-06-29	2021-10-05
d	185. HOME DEPOT INC		2013-01-11	2021-10-27
e	2200. ISHARES MSCI PACIFIC EX JAPAN			2022-01-03
	15. ALPHABET INC CL C		2014-06-12	2022-01-10
	85. NVIDIA CORP		2018-11-26	2022-01-10
	55. POOL CORPORATION		2018-05-09	2022-01-10
	65. ACCENTURE PLC			2022-01-10
	5526.759 BLACKROCK GL L/S CREDIT-K #1940		2015-11-10	2022-02-15
	1215. ISHARES CORE MSCI EAFE ETF		2017-06-06	2022-02-15
	180. SPDR S&P MIDCAP 400 ETF TRUST		2009-11-19	2022-02-15
	200. ACTIVISION BLIZZARD INC		2021-09-23	2022-03-16
	525. ACTIVISION BLIZZARD INC			2022-03-16
	60. BROADCOM INC		2017-08-30	2022-03-16
	255. CENTENE CORP DEL		2020-01-17	2022-03-16
	35. PALO ALTO NETWORKS INC			2022-03-16
	70. TRACTOR SUPPLY CO COM		2009-05-19	2022-03-16
	1010. ISHARES CORE MSCI EAFE ETF		2017-06-06	2022-03-23
	550. ISHARES CORE MSCI EMERGING ETF		2015-11-10	2022-03-23
	135. APPLE INC		2007-11-09	2022-03-28
	315. ARISTA NETWORKS INC		2019-05-22	2022-03-28
	5. PALO ALTO NETWORKS INC		2016-02-04	2022-03-28
	40. S&P GLOBAL INC		2017-06-13	2022-03-28
	72. AGCO CORP COM		2021-08-12	2022-05-10
	55. ALIGN TECHNOLOGY INC		2022-03-16	2022-05-10
	125. ALIGN TECHNOLOGY INC			2022-05-10
	35. ALPHABET INC CL C		2014-06-12	2022-05-10
	10. AMAZON COM INC COM		2021-09-23	2022-05-10
	97. AMAZON COM INC COM			2022-05-10
	547. APPLE INC		2007-11-09	2022-05-10
	525. ARISTA NETWORKS INC			2022-05-10
	4. BOOKING HOLDINGS INC			2022-05-10
	28. BROADCOM INC		2017-08-30	2022-05-10
	160. CANADIAN PAC RY LTD		2021-10-27	2022-05-10
	525. CANADIAN PAC RY LTD		2020-10-30	2022-05-10
	217. CENTENE CORP DEL		2019-05-22	2022-05-10
	110. CHEWY INC			2022-05-10
	400. CHEWY INC		2021-04-19	2022-05-10
	25. CHIPOTLE MEXICAN GRILL INC		2022-03-16	2022-05-10
	3. CHIPOTLE MEXICAN GRILL INC		2020-03-10	2022-05-10
	27. DANAHER CORP		2009-05-19	2022-05-10
	181. DEXCOM INC			2022-05-10
	308. META PLATFORMS INC			2022-05-10
	207. FIDELITY NATL INFORMATION SVCS INC		2021-08-12	2022-05-10
	135. FLEETCOR TECHNOLOGIES INC		2021-09-23	2022-05-10
	205. FLEETCOR TECHNOLOGIES INC			2022-05-10
	351. GXO LOGISTICS INC			2022-05-10
	148. ELI LILLY & CO COM		2020-07-14	2022-05-10
	15. LULULEMON ATHLETICA INC		2021-10-27	2022-05-10
	441. MICROSOFT CORP			2022-05-10
	60. NETFLIX.COM INC		2022-03-16	2022-05-10
	1. NETFLIX.COM INC		2017-08-24	2022-05-10
	273. NVIDIA CORP		2018-11-26	2022-05-10
	265. OKTA INC		2022-01-10	2022-05-10
	85. PALO ALTO NETWORKS INC		2016-02-04	2022-05-10
	36. POOL CORPORATION		2018-05-09	2022-05-10
	443. SALESFORCE INC			2022-05-10
	1600. FINANCIAL SELECT SECTOR SPDR		2009-05-19	2022-05-10
	65. SERVICENOW INC		2021-06-16	2022-05-10
	46. SERVICENOW INC			2022-05-10
	150. TELADOC HEALTH INC			2022-05-10
	240. TELADOC HEALTH INC			2022-05-10
	295. TWILIO INC			2022-05-10
	80. ULTA BEAUTY INC		2021-06-16	2022-05-10
	40. ULTA BEAUTY INC		2019-01-09	2022-05-10
	23. VISA INC-CLASS A SHRS		2020-03-10	2022-05-10
	175. ZENDESK INC		2021-09-23	2022-05-10
	199. ZENDESK INC		2020-06-29	2022-05-10
	13. NORWEGIAN CRUISE LINE HOLDING		2021-10-27	2022-05-10
	1060. NORWEGIAN CRUISE LINE HOLDING			2022-05-10
	350. ISHARES CORE MSCI EAFE ETF		2017-06-06	2022-05-17
	550. ISHARES CORE MSCI EMERGING ETF		2017-10-03	2022-05-17
	33. AGCO CORP COM		2021-08-12	2022-06-16
	58. AGCO CORP COM		2021-04-19	2022-06-16
	23. ALPHABET INC CL C			2022-06-16
	106. APPLE INC		2007-11-09	2022-06-16
	88. ARISTA NETWORKS INC			2022-06-16
	9. BOOKING HOLDINGS INC		2015-04-20	2022-06-16
	56. BROADCOM INC			2022-06-16
	235. CENTENE CORP DEL			2022-06-16
	10. CHIPOTLE MEXICAN GRILL INC		2020-03-10	2022-06-16
	25. DANAHER CORP		2009-05-19	2022-06-16
	25. META PLATFORMS INC		2014-08-19	2022-06-16
	63. FIDELITY NATL INFORMATION SVCS INC		2021-08-12	2022-06-16
	148. FIDELITY NATL INFORMATION SVCS INC		2016-08-15	2022-06-16
	132. FORTUNE BRANDS HOME & SECURITY		2013-02-26	2022-06-16
	84. GXO LOGISTICS INC		2017-06-13	2022-06-16
	253. INTERCONTINENTAL EXCHANGE INC			2022-06-16
	113. ESTEE LAUDER COMPANIES INC		2017-06-13	2022-06-16
	42. ELI LILLY & CO COM		2020-07-14	2022-06-16
	25. LULULEMON ATHLETICA INC		2021-10-27	2022-06-16
	88. LULULEMON ATHLETICA INC		2019-07-01	2022-06-16
	25. MICROSOFT CORP		2003-05-27	2022-06-16
	49. NETFLIX.COM INC		2017-08-24	2022-06-16
	75. OKTA INC		2022-01-10	2022-06-16
	33. PALO ALTO NETWORKS INC		2016-02-04	2022-06-16
	36. POOL CORPORATION		2018-05-09	2022-06-16
	13. S&P GLOBAL INC		2017-06-13	2022-06-16
	30. SERVICENOW INC		2020-03-20	2022-06-16
	111. TRACTOR SUPPLY CO COM		2009-05-19	2022-06-16
	165. TRIMBLE NAV LTD		2022-03-16	2022-06-16
	142. TRIMBLE NAV LTD		2020-06-08	2022-06-16
	50. TWILIO INC		2022-03-16	2022-06-16
	76. ULTA BEAUTY INC			2022-06-16
	171. VISA INC-CLASS A SHRS			2022-06-16
	169. XPO LOGISTICS INC		2020-03-10	2022-06-16
	71. ZENDESK INC		2020-06-29	2022-06-16
	107. NORWEGIAN CRUISE LINE HOLDING		2021-10-27	2022-06-16
	256. NORWEGIAN CRUISE LINE HOLDING		2020-03-10	2022-06-16
	1150. ISHARES CORE MSCI EAFE ETF		2017-06-06	2022-06-30
	385. ISHARES CORE MSCI EMERGING ETF		2015-11-10	2022-06-30
	25. AGCO CORP COM		2022-03-16	2022-07-20
	317. AGCO CORP COM		2021-04-19	2022-07-20
	397. ALPHABET INC CL C		2013-01-11	2022-07-20
	113. APPLE INC		2007-11-09	2022-07-20
	63. ARISTA NETWORKS INC		2020-10-30	2022-07-20
	3. BOOKING HOLDINGS INC		2015-04-20	2022-07-20
	13. BROADCOM INC		2018-07-17	2022-07-20
	254. CENTENE CORP DEL		2016-06-15	2022-07-20
	6. CHIPOTLE MEXICAN GRILL INC		2020-03-10	2022-07-20
	27. CONSTELLATION BRANDS INC		2021-10-27	2022-07-20
	28. ECOLAB INC		2022-03-16	2022-07-20
	49. META PLATFORMS INC		2014-08-19	2022-07-20
	67. FIDELITY NATL INFORMATION SVCS INC			2022-07-20
	364. FORTUNE BRANDS HOME & SECURITY		2013-02-26	2022-07-20
	132. INTERCONTINENTAL EXCHANGE INC		2013-01-11	2022-07-20
	57. ESTEE LAUDER COMPANIES INC		2017-06-13	2022-07-20
	13. ELI LILLY & CO COM		2020-07-14	2022-07-20
	15. LULULEMON ATHLETICA INC		2019-07-01	2022-07-20
	65. MICROSOFT CORP		2003-05-27	2022-07-20
	22. NETFLIX.COM INC		2017-08-24	2022-07-20
	26. NVIDIA CORP		2022-06-16	2022-07-20
	44. OKTA INC			2022-07-20
	9. PALO ALTO NETWORKS INC		2016-02-04	2022-07-20
	36. POOL CORPORATION		2018-05-09	2022-07-20
	25. S&P GLOBAL INC		2017-06-13	2022-07-20
	10. SERVICENOW INC		2020-03-20	2022-07-20
	51. TRACTOR SUPPLY CO COM		2009-05-19	2022-07-20
	252. TRIMBLE NAV LTD		2020-06-08	2022-07-20
	85. TWILIO INC		2022-03-16	2022-07-20
	11. ULTA BEAUTY INC			2022-07-20
	29. VERTEX PHARMACEUTICALS INC COM		2018-04-06	2022-07-20
	101. VISA INC-CLASS A SHRS		2009-05-19	2022-07-20
	130. XPO LOGISTICS INC			2022-07-20
	84. ZENDESK INC		2020-06-29	2022-07-20
	464. NORWEGIAN CRUISE LINE HOLDING		2020-03-10	2022-07-20
	137. ALPHABET INC CL C		2013-01-11	2022-08-05
	49. APPLE INC		2007-11-09	2022-08-05
	15. DANAHER CORP		2009-05-19	2022-08-05
	38. INTERCONTINENTAL EXCHANGE INC		2013-01-11	2022-08-05
	9. SERVICENOW INC		2020-03-20	2022-08-05
	87. TRIMBLE NAV LTD		2020-06-08	2022-08-05
	67. XPO LOGISTICS INC		2017-06-13	2022-08-05
	65. ISHARES RUSSELL 2000 ETF		2018-06-29	2022-09-06
	1290. ISHARES CORE MSCI EMERGING ETF		2015-11-10	2022-09-06
	2700. ISHA CURR HEDGED MSCI EAFE ETF		2015-11-10	2022-09-06
	12. BROADCOM INC		2018-07-17	2022-09-08
	24. CONSTELLATION BRANDS INC		2021-10-27	2022-09-08
	24. ECOLAB INC		2022-03-16	2022-09-08
	39. INTERCONTINENTAL EXCHANGE INC		2013-01-11	2022-09-08
	133. MORGAN STANLEY		2018-03-21	2022-09-08
	21. S&P GLOBAL INC		2017-06-13	2022-09-08
	21. TRACTOR SUPPLY CO COM		2009-05-19	2022-09-08
	9. ULTA BEAUTY INC		2020-10-30	2022-09-08
	28. VERTEX PHARMACEUTICALS INC COM		2018-04-06	2022-09-08
	20. VISA INC-CLASS A SHRS		2009-05-19	2022-09-08
	14. ACCENTURE PLC		2017-06-13	2022-09-08
	34. ARISTA NETWORKS INC		2020-10-30	2022-09-21
	3. BOOKING HOLDINGS INC		2015-04-20	2022-09-21
	188. BOSTON SCIENTIFIC CORP COM			2022-09-21
	8. BROADCOM INC		2018-07-17	2022-09-21
	3. CHIPOTLE MEXICAN GRILL INC		2020-03-10	2022-09-21
	42. DANAHER CORP		2009-05-19	2022-09-21
	25. ECOLAB INC		2022-03-16	2022-09-21
	65. FORTUNE BRANDS HOME & SECURITY		2013-02-26	2022-09-21
	131. MORGAN STANLEY			2022-09-21
	12. POOL CORPORATION		2018-05-09	2022-09-21
	20. TRACTOR SUPPLY CO COM		2009-05-19	2022-09-21
	14. ACCENTURE PLC		2017-06-13	2022-09-21
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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
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	74,832	81,000	-6,168
b	48,594	54,642	-6,048
c	7,035	7,000	35
d	69,054	11,790	57,264
e	105,236	54,291	50,945
	41,419	8,215	33,204
	22,622	3,197	19,425
	27,050	8,073	18,977
	24,146	12,806	11,340
	54,107	57,700	-3,593
	87,364	75,610	11,754
	87,356	22,593	64,763
	15,808	15,031	777
	41,495	25,107	16,388
	35,251	14,628	20,623
	21,980	16,459	5,521
	18,624	5,476	13,148
	15,604	670	14,934
	69,887	62,853	7,034
	30,596	22,900	7,696
	23,570	825	22,745
	43,410	19,920	23,490
	3,115	722	2,393
	16,467	5,871	10,596
	8,759	10,331	-1,572
	14,133	22,772	-8,639
	32,120	44,466	-12,346
	79,941	19,169	60,772
	21,640	34,156	-12,516
	209,906	48,622	161,284
	83,882	3,343	80,539
	54,058	30,081	23,977
	8,133	4,969	3,164
	16,029	6,826	9,203
	10,845	12,192	-1,347
	35,586	31,036	4,550
	17,392	12,362	5,030
	2,841	8,715	-5,874
	10,332	32,408	-22,076
	32,084	38,259	-6,175
	3,850	2,037	1,813
	6,422	622	5,800
	58,417	25,349	33,068
	60,339	29,275	31,064
	19,319	27,728	-8,409
	29,579	35,511	-5,932
	44,916	48,950	-4,034
	19,431	8,903	10,528
	42,946	24,229	18,717
	4,366	6,468	-2,102
	117,414	11,340	106,074
	10,352	20,975	-10,623
	173	168	5
	47,379	10,269	37,110
	23,075	52,702	-29,627
	40,090	12,280	27,810
	13,906	5,284	8,622
	73,080	37,918	35,162
	53,736	19,616	34,120
	27,524	33,287	-5,763
	19,478	17,321	2,157
	4,343	21,402	-17,059
	6,948	48,389	-41,441
	28,584	58,470	-29,886
	30,133	26,533	3,600
	15,067	11,245	3,822
	4,419	4,040	379
	17,197	21,988	-4,791
	19,555	17,020	2,535
	211	337	-126
	17,236	56,116	-38,880
	22,462	21,781	681
	27,942	30,145	-2,203
	3,583	4,735	-1,152
	6,298	8,774	-2,476
	49,364	10,331	39,033
	13,869	648	13,221
	7,904	4,768	3,136
	16,693	10,752	5,941
	28,172	12,577	15,595
	17,916	9,049	8,867
	12,092	6,789	5,303
	5,981	576	5,405
	4,013	1,886	2,127
	5,700	8,439	-2,739
	13,391	8,594	4,797
	7,663	4,469	3,194
	3,794	2,092	1,702
	23,763	11,553	12,210
	26,499	10,958	15,541
	12,040	6,876	5,164
	6,778	10,781	-4,003
	23,859	15,908	7,951
	6,120	619	5,501
	8,464	8,212	252
	5,934	14,916	-8,982
	15,238	4,768	10,470
	12,100	5,284	6,816
	4,082	1,908	2,174
	12,891	8,307	4,584
	21,130	1,062	20,068
	9,351	11,080	-1,729
	8,048	6,401	1,647
	3,899	7,054	-3,155
	29,752	16,669	13,083
	32,420	5,489	26,931
	7,770	6,303	1,467
	3,930	6,072	-2,142
	1,136	2,771	-1,635
	2,717	4,728	-2,011
	67,533	71,565	-4,032
	18,871	16,030	2,841
	2,469	3,245	-776
	31,308	47,956	-16,648
	45,912	7,307	38,605
	17,308	691	16,617
	6,606	3,170	3,436
	5,501	3,584	1,917
	6,694	2,687	4,007
	22,738	8,578	14,160
	8,233	4,074	4,159
	6,636	5,849	787
	4,453	4,677	-224
	8,845	3,696	5,149
	6,501	3,725	2,776
	23,861	12,323	11,538
	12,976	3,397	9,579
	14,642	5,527	9,115
	4,188	2,128	2,060
	4,528	2,712	1,816
	17,076	1,610	15,466
	4,602	3,687	915
	4,588	4,079	509
	4,496	7,338	-2,842
	4,564	1,300	3,264
	14,228	5,284	8,944
	8,987	3,670	5,317
	4,530	2,769	1,761
	10,554	488	10,066
	15,746	11,359	4,387
	7,908	11,992	-4,084
	4,532	2,271	2,261
	8,394	4,529	3,865
	21,489	1,642	19,847
	6,895	4,682	2,213
	6,323	7,184	-861
	6,207	8,569	-2,362
	16,047	2,522	13,525
	8,025	300	7,725
	4,318	346	3,972
	3,986	978	3,008
	4,347	2,492	1,855
	5,983	3,922	2,061
	3,980	2,409	1,571
	11,620	10,727	893
	60,907	53,711	7,196
	85,080	71,481	13,599
	6,131	2,481	3,650
	5,929	5,199	730
	4,085	4,009	76
	4,015	1,004	3,011
	11,723	7,690	4,033
	7,703	3,082	4,621
	4,159	201	3,958
	4,018	1,840	2,178
	8,085	4,373	3,712
	4,005	325	3,680
	4,025	1,783	2,242
	4,004	1,711	2,293
	5,538	3,584	1,954
	7,636	4,007	3,629
	3,950	1,654	2,296
	5,138	2,037	3,101
	11,631	968	10,663
	3,954	4,176	-222
	3,858	2,201	1,657
	11,557	6,989	4,568
	3,996	1,761	2,235
	3,868	191	3,677
	3,820	1,783	2,037
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784
			22,784

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			-6,168
b			-6,048
c			35
d			57,264
e			50,945
			33,204
			19,425
			18,977
			11,340
			-3,593
			11,754
			64,763
			777
			16,388
			20,623
			5,521
			13,148
			14,934
			7,034
			7,696
			22,745
			23,490
			2,393
			10,596
			-1,572
			-8,639
			-12,346
			60,772
			-12,516
			161,284
			80,539
			23,977
			3,164
			9,203
			-1,347
			4,550
			5,030
			-5,874
			-22,076
			-6,175
			1,813
			5,800
			33,068
			31,064
			-8,409
			-5,932
			-4,034
			10,528
			18,717
			-2,102
			106,074
			-10,623
			5
			37,110
			-29,627
			27,810
			8,622
			35,162
			34,120
			-5,763
			2,157
			-17,059
			-41,441
			-29,886
			3,600
			3,822
			379
			-4,791
			2,535
			-126
			-38,880
			681
			-2,203
			-1,152
			-2,476
			39,033
			13,221
			3,136
			5,941
			15,595
			8,867
			5,303
			5,405
			2,127
			-2,739
			4,797
			3,194
			1,702
			12,210
			15,541
			5,164
			-4,003
			7,951
			5,501
			252
			-8,982
			10,470
			6,816
			2,174
			4,584
			20,068
			-1,729
			1,647
			-3,155
			13,083
			26,931
			1,467
			-2,142
			-1,635
			-2,011
			-4,032
			2,841
			-776
			-16,648
			38,605
			16,617
			3,436
			1,917
			4,007
			14,160
			4,159
			787
			-224
			5,149
			2,776
			11,538
			9,579
			9,115
			2,060
			1,816
			15,466
			915
			509
			-2,842
			3,264
			8,944
			5,317
			1,761
			10,066
			4,387
			-4,084
			2,261
			3,865
			19,847
			2,213
			-861
			-2,362
			13,525
			7,725
			3,972
			3,008
			1,855
			2,061
			1,571
			893
			7,196
			13,599
			3,650
			730
			76
			3,011
			4,033
			4,621
			3,958
			2,178
			3,712
			3,680
			2,242
			2,293
			1,954
			3,629
			2,296
			3,101
			10,663
			-222
			1,657
			4,568
			2,235
			3,677
			2,037

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,373,080
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Form 990-PF (2021)

Page 4

Part V

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	19,874
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	19,874
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	10,776
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	10,776
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	9,098
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax0	Refunded	11	0

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

WELLS FARGO BANK NA Telephone no. bullet

(888) 730-4933

Located at bullet

100 N MAIN ST MAC D4001-117WINSTON SALEMNC ZIP+4 bullet

27101

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

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

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

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

16 No

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

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

Yes

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

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

1a(5)

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

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

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

1a(6)

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2021)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

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

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

5a(5)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
WELLS FARGO BANK N A	TRUSTEE 1	81,238
100 N MAIN ST MAC D4001-117 WINSTON SALEM,NC27101	TRUSTEE 1	81,238

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


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









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

Form 990-PF (2021)

Page 7

Part VII

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

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

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2021)

Page 8

Part IX

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

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

purposes:

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

6,437,311

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

253,931

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

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

6,691,242

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

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

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

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

6,691,242

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

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

100,369

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

6,590,873

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

329,544

Part X

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

and do not complete this part.)

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

329,544

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

19,874

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

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

19,874

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

309,670

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

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

309,670

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

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

309,670

Part XI

Qualifying Distributions (see instructions)

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

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

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7					309,670
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2021:
a From 2016......	26,115
b From 2017......	6,715
c From 2018......	7,388
d From 2019......	0
e From 2020......	0
f Total of lines 3a through e ........		40,218
4Qualifying distributions for 2021 from Part
XI, line 4: $ 394,322
a Applied to 2020, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2021 distributable amount.....					309,670
e Remaining amount distributed out of corpus		84,652
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		124,870
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...		26,115
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		98,755
10 Analysis of line 9:
a Excess from 2017....	6,715
b Excess from 2018....	7,388
c Excess from 2019....	0
d Excess from 2020....	0
e Excess from 2021....	84,652

Form 990-PF (2021)

Page 10

Part XIII

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

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

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

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

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

Part XIV

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

1Information Regarding Foundation Managers:

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

NONE

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.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2021)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UNIVERSITY OF WASHINGTON 4333 BROOKLYN AVENUE NE SEATTLE,WA98195	NONE	PC	GENERAL OPERATING	385,283
Total ................................. 3a				385,283

bApproved for future payment

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

Form 990-PF (2021)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	1,373,080
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFEDERAL TAX REFUND			1	3,194
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				1,507,691

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

1,507,691

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2021)

Page 13

Part XVI

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	890			890

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

HENRIK A VALLE SCHOLARSHIP TRUST

EIN:

91-6233353

Name of Stock	End of Year Book Value	End of Year Fair Market Value
617446448 MORGAN STANLEY	32,131	51,040
31620M106 FIDELITY NATL INFORM	16,552	22,671
023135106 AMAZON COM INC COM	95,685	118,650
893641100 TRANSDIGM GROUP INC	20,463	47,234
64110L106 NETFLIX INC	12,234	17,187
15135B101 CENTENE CORP DEL	8,409	19,375
278865100 ECOLAB INC	10,606	30,039
169656105 CHIPOTLE MEXICAN GRI	8,826	19,536
550021109 LULULEMON ATHLETICA	7,592	11,742
00507V109 ACTIVISION BLIZZARD	6,388	6,393
518439104 ESTEE LAUDER COMPANI	7,758	17,272
252131107 DEXCOM INC	3,663	9,343
36262G101 GXO LOGISTICS INC	3,789	5,610
892356106 TRACTOR SUPPLY CO CO	1,502	29,183
09857L108 BOOKING HOLDINGS INC	12,857	18,075
81762P102 SERVICENOW INC	11,076	15,104
532457108 ELI LILLY & CO COM	21,620	49,149
30303M102 META PLATFORMS INC	21,587	43,146
235851102 DANAHER CORP	4,285	48,042
697435105 PALO ALTO NETWORKS I	4,768	16,215
001084102 AGCO CORP COM
98936J101 ZENDESK INC	6,072	5,403
339041105 FLEETCOR TECHNOLOGIE
34964C106 FORTUNE BRANDS HOME	12,323	19,543
G1151C101 ACCENTURE PLC	20,634	41,683
040413106 ARISTA NETWORKS INC	3,773	8,467
G66721104 NORWEGIAN CRUISE LIN
73278L105 POOL CORPORATION	5,871	12,728
02079K107 ALPHABET INC CL C	10,413	77,497
78409V104 S&P GLOBAL INC	21,430	44,581
79466L302 SALESFORCE INC	10,580	19,706
594918104 MICROSOFT CORP	21,773	204,719
92826C839 VISA INC-CLASS A SHR	5,445	59,513
037833100 APPLE INC	8,523	262,580
983793100 XPO LOGISTICS INC	7,951	10,195
92532F100 VERTEX PHARMACEUTICA	19,990	37,061
87918A105 TELADOC HEALTH INC
437076102 HOME DEPOT INC	33,381	31,457
45866F104 INTERCONTINENTAL EXC	7,411	26,021
11135F101 BROADCOM INC	17,158	36,853
896239100 TRIMBLE INC	15,055	18,126
016255101 ALIGN TECHNOLOGY INC
16679L109 CHEWY INC
101137107 BOSTON SCIENTIFIC CO	29,281	62,317
21036P108 CONSTELLATION BRANDS	44,414	59,487
67066G104 NVIDIA CORP	14,375	33,746
90384S303 ULTA BEAUTY INC	5,927	11,635
13645T100 CANADIAN PAC RY LTD
77958B402 T ROWE PRICE INST FL
92206C870 VANGUARD INTERMEDIAT
BIT990000 BLACKSTONE REAL ESTA
09260C703 BLACKROCK GL L/S CRE
00888Y847 INVESCO BAL RSK COMM
81369Y605 FINANCIAL SELECT SEC
46432F842 ISHARES CORE MSCI EA
589509207 MERGER FUND-INST #30
464287200 ISHARES CORE S & P 5
64128R608 NEUBERGER BERMAN LON
464287655 ISHARES RUSSELL 2000
921937819 VANGUARD INTERMEDIAT
78467Y107 SPDR S&P MIDCAP 400
922908553 VANGUARD REAL ESTATE
92206C409 VANGUARD S/T CORP BO
74925K581 BOSTON P LNG/SHRT RE
921937827 VANGUARD SHORT TERM
464286665 ISHARES MSCI PACIFIC
74256W626 PRINCIPAL HIGH YIELD
46434V803 ISHA CURR HEDGED MSC
27826A730 EATON VANCE FLOAT RA
000843201 ACAP STRATEGIC FUND-
46434G103 ISHARES CORE MSCI EM
87612E106 TARGET CORP	11,379	7,716
744320102 PRUDENTIAL FINL INC	4,303	3,860
842587107 SOUTHERN CO	7,964	8,228
363576109 GALLAGHER ARTHUR J &	4,335	4,452
438516106 HONEYWELL INTERNATIO	14,524	12,523
88160R101 TESLA INC	79,309	81,167
075887109 BECTON DICKINSON & C	7,935	7,576
824348106 SHERWIN WILLIAMS CO	6,148	5,733
59156R108 METLIFE INC	4,731	4,680
573874104 MARVELL TECHNOLOGY I	4,995	4,034
025816109 AMERICAN EXPRESS CO	11,019	9,309
580135101 MCDONALDS CORP	20,464	19,151
097023105 BOEING CO	8,386	7,749
46625H100 JPMORGAN CHASE & CO	39,605	34,590
002824100 ABBOTT LABS	21,333	19,352
031100100 AMETEK INC COM	3,847	3,629
039483102 ARCHER DANIELS MIDLA	4,695	5,068
778296103 ROSS STORES INC	4,157	3,792
025537101 AMERICAN ELECTRIC PO	5,821	5,360
369550108 GENERAL DYNAMICS COR	6,194	6,153
534187109 LINCOLN NATL CORP IN	6,267	5,050
17275R102 CISCO SYSTEMS INC	22,957	18,560
871607107 SYNOPSYS INC COM	5,618	5,194
22160N109 COSTAR GROUP, INC	3,847	3,761
92345Y106 VERISK ANALYTICS INC	4,130	3,581
461202103 INTUIT COM	11,000	11,620
26875P101 EOG RESOURCES, INC	8,755	8,045
012653101 ALBEMARLE CORP COM	4,065	3,702
12572Q105 CME GROUP INC	8,216	7,262
036752103 ELEVANCE HEALTH INC	13,160	12,264
56585A102 MARATHON PETROLEUM C	6,675	7,052
064058100 BANK NEW YORK MELLON	3,788	3,390
76954A103 RIVIAN AUTOMOTIVE IN	3,833	3,488
620076307 MOTOROLA SOLUTIONS,	4,375	4,479
02209S103 ALTRIA GROUP INC	10,349	8,157
260557103 DOW INC	4,357	3,646
21037T109 CONSTELLATION ENERGY	3,808	3,577
191216100 COCA COLA CO	27,960	24,201
49338L103 KEYSIGHT TECHNOLOGIE	4,111	3,777
48251W104 KKR & CO INC -A	3,957	3,397
833445109 SNOWFLAKE INC	6,699	6,289
872540109 TJX COMPANIES INC	7,613	8,324
172967424 CITIGROUP INC.	10,899	9,334
806857108 SCHLUMBERGER LTD	6,608	6,031
30161N101 EXELON CORPORATION	5,019	4,270
43300A203 HILTON WORLDWIDE HOL	3,948	3,860
126408103 CSX CORP	7,206	6,580
808513105 SCHWAB CHARLES CORP	10,701	12,074
244199105 DEERE & CO	11,295	10,351
911312106 UNITED PARCEL SERVIC	14,074	12,600
595112103 MICRON TECHNOLOGY IN	8,642	6,613
G51502105 JOHNSON CONTROLS INT	3,953	3,987
345370860 FORD MOTOR COMPANY	6,941	5,802
26441C204 DUKE ENERGY HOLDING	8,763	8,186
922475108 VEEVA SYSTEMS INC	4,090	2,968
22052L104 CORTEVA INC	4,320	4,572
09260D107 BLACKSTONE INC	7,781	7,115
G0403H108 AON PLC	6,959	6,697
285512109 ELECTRONIC ARTS INC	4,356	3,934
060505104 BANK OF AMERICA CORP	28,741	24,220
58933Y105 MERCK & CO INC NEW	24,700	24,027
H1467J104 CHUBB LTD	9,082	8,548
071813109 BAXTER INTL INC	3,869	3,178
539830109 LOCKHEED MARTIN CORP	11,489	10,044
693475105 PNC FINANCIAL SERVIC	7,168	7,023
693506107 PPG INDUSTRIES INC	3,956	3,431
679580100 OLD DOMINION FREIGHT	3,927	3,732
172908105 CINTAS CORP	4,307	4,270
502431109 L3HARRIS TECHNOLOGIE	5,179	4,780
776696106 ROPER TECHNOLOGIES I	5,324	4,675
654106103 NIKE INC CL B	15,159	11,554
375558103 GILEAD SCIENCES INC	8,093	8,637
09062X103 BIOGEN INC	3,811	4,806
34959E109 FORTINET INC	4,777	3,881
370334104 GENERAL MILLS INC	4,949	5,133
30231G102 EXXON MOBIL CORPORAT	47,013	47,846
655844108 NORFOLK SOUTHERN COR	6,243	5,870
231021106 CUMMINS INC.	3,863	3,663
91324P102 UNITEDHEALTH GROUP I	52,530	54,544
25179M103 DEVON ENERGY CORPORA	6,682	6,314
723787107 PIONEER NAT RES CO C	5,870	5,197
194162103 COLGATE PALMOLIVE CO	7,281	6,885
907818108 UNION PACIFIC CORP	15,826	14,027
00846U101 AGILENT TECHNOLOGIES	4,333	4,376
452308109 ILLINOIS TOOL WORKS	6,648	6,684
704326107 PAYCHEX INC	4,472	4,152
931142103 WALMART INC	22,940	19,844
693718108 PACCAR INC	3,815	3,682
127097103 COTERRA ENERGY INC	4,362	3,840
192446102 COGNIZANT TECH SOLUT	4,337	3,676
902973304 US BANCORP	7,184	6,411
16119P108 CHARTER COMMUNICATIO	5,830	4,247
75513E101 RAYTHEON TECHNOLOGIE	15,555	13,752
032095101 AMPHENOL CORP CL A	4,797	4,687
28176E108 EDWARDS LIFESCIENCES	6,495	6,197
22788C105 CROWDSTRIKE HOLDINGS	4,491	3,955
571748102 MARSH & MCLENNAN COS	7,999	8,211
742718109 PROCTER & GAMBLE CO	41,449	33,709
58155Q103 MCKESSON CORP	5,573	5,778
46266C105 IQVIA HOLDINGS INC	4,642	3,804
863667101 STRYKER CORP	7,800	8,102
46120E602 INTUITIVE SURGICAL I	7,925	7,872
98138H101 WORKDAY INC	3,998	3,806
68902V107 OTIS WORLDWIDE CORP	4,103	3,318
00206R102 AT & T INC	15,401	12,119
00287Y109 ABBVIE INC	30,014	26,305
760759100 REPUBLIC SERVICES IN	3,993	3,673
009066101 AIRBNB INC	4,663	4,517
55354G100 MSCI INC	4,330	4,218
311900104 FASTENAL CO	3,880	3,499
68389X105 ORACLE CORPORATION	12,449	10,626
127387108 CADENCE DESIGN SYSTE	5,304	5,230
40434L105 HP INC	3,997	2,990
679295105 OKTA INC	7,658	2,900
512807108 LAM RESEARCH CORP CO	6,830	5,856
37940X102 GLOBAL PMTS INC W/I	4,045	3,674
009158106 AIR PRODS & CHEMS IN	6,083	6,051
92343V104 VERIZON COMMUNICATIO	22,350	17,428
98978V103 ZOETIS INC	7,905	7,563
855244109 STARBUCKS CORP COM	9,137	10,785
816851109 SEMPRA ENERGY	5,464	5,398
548661107 LOWES COS INC	13,859	13,522
682189105 ON SEMICONDUCTOR COR	4,078	3,615
02043Q107 ALNYLAM PHARMACEUTIC	3,797	3,603
03076C106 AMERIPRISE FINL INC	3,881	3,527
70450Y103 PAYPAL HOLDINGS INC	10,197	11,964
G8994E103 TRANE TECHNOLOGIES P	4,115	3,910
38141G104 GOLDMAN SACHS GROUP	10,985	10,550
166764100 CHEVRON CORP	36,956	32,900
16411R208 CHENIERE ENERGY INC	4,014	4,977
031162100 AMGEN INC	14,343	13,299
053332102 AUTOZONE INC	4,377	4,284
55261F104 M & T BANK CORPORATI	4,085	3,879
22160K105 COSTCO WHOLESALE COR	24,362	23,141
110122108 BRISTOL MYERS SQUIBB	18,488	17,204
G5960L103 MEDTRONIC PLC	14,997	12,193
666807102 NORTHROP GRUMMAN COR	7,675	7,995
452327109 ILLUMINA INC	4,007	3,434
609207105 MONDELEZ INTERNATION	9,915	8,170
458140100 INTEL CORP	20,035	11,803
571903202 MARRIOTT INTERNATION	4,892	4,484
718546104 PHILLIPS 66	5,321	4,359
717081103 PFIZER INC	32,890	29,407
872590104 T-MOBILE US INC	7,948	8,721
482480100 KLA CORP	5,696	4,842
744573106 PUBLIC SVC ENTERPRIS	4,122	3,430
94106L109 WASTE MANAGEMENT INC	7,146	8,011
053015103 AUTOMATIC DATA PROCE	9,899	10,631
49456B101 KINDER MORGAN INC/DE	3,813	3,761
G06242104 ATLASSIAN CORP PLC-C	4,074	3,580
032654105 ANALOG DEVICES INC	8,597	8,360
871829107 SYSCO CORP	5,143	4,101
478160104 JOHNSON & JOHNSON	55,412	51,295
35671D857 FREEPORT-MCMORAN INC	6,165	4,783
565849106 MARATHON OIL CORP	10,277	9,303
61174X109 MONSTER BEVERAGE COR	4,295	3,826
90353T100 UBER TECHNOLOGIES IN	4,848	5,380
883556102 THERMO FISHER SCIENT	23,910	23,331
007903107 ADVANCED MICRO DEVIC	17,191	12,609
701094104 PARKER HANNIFIN CORP	4,194	3,877
254687106 WALT DISNEY CO	21,886	19,338
773903109 ROCKWELL AUTOMATION	4,151	3,657
37045V100 GENERAL MOTORS CO	5,783	5,327
30040W108 EVERSOURCE ENERGY CO	3,849	3,352
126650100 CVS HEALTH CORPORATI	14,651	14,115
852234103 BLOCK INC	4,638	3,464
001055102 AFLAC INC	4,233	4,327
427866108 THE HERSHEY COMPANY	3,885	3,968
149123101 CATERPILLAR INC	12,307	9,845
969457100 WILLIAMS COS INC	4,583	4,295
761152107 RESMED INC	4,121	3,929
02079K305 ALPHABET INC CL A	79,197	66,955
384802104 GRAINGER W W INC	3,197	2,935
75886F107 REGENERON PHARMACEUT	6,670	8,266
09247X101 BLACKROCK INC	9,282	8,804
713448108 PEPSICO INC	25,868	24,489
G29183103 EATON CORP PLC	5,926	6,268
020002101 ALLSTATE CORP	4,014	3,985
25746U109 DOMINION ENERGY INC	7,246	6,704
31428X106 FEDEX CORPORATION	6,141	4,009
988498101 YUM BRANDS INC	4,369	3,828
718172109 PHILIP MORRIS INTERN	16,686	13,946
29355A107 ENPHASE ENERGY INC	4,448	4,162
406216101 HALLIBURTON CO	3,689	2,708
743315103 PROGRESSIVE CORP OHI	7,218	7,554
20030N101 COMCAST CORP CLASS A	19,927	14,548
92939U106 WEC ENERGY GROUP INC	3,711	3,398
49271V100 KEURIG DR PEPPER INC	3,787	3,725
052769106 AUTODESK INC	5,032	4,857
14040H105 CAPITAL ONE FINANCIA	5,105	4,148
209115104 CONSOLIDATED EDISON	3,768	3,516
256746108 DOLLAR TREE INC	4,309	3,403
90184L102 TWITTER INC	4,127	4,340
42809H107 HESS CORP	3,757	3,706
60770K107 MODERNA INC	4,108	3,784
98389B100 XCEL ENERGY INC	4,583	4,288
256677105 DOLLAR GENERAL CORP	6,277	6,476
459200101 INTERNATIONAL BUSINE	13,181	11,762
651639106 NEWMONT CORP	6,060	4,035
882508104 TEXAS INSTRUMENTS IN	16,854	15,633
G5494J103 LINDE PLC	16,192	15,367
934423104 WARNER BROS DISCOVER	3,941	3,128
747525103 QUALCOMM INC	17,232	14,348
00724F101 ADOBE INC	19,992	14,586
494368103 KIMBERLY CLARK CORP	5,400	4,614
501044101 KROGER CO	3,724	3,456
125523100 CIGNA CORP	8,835	9,989
444859102 HUMANA INC	6,327	7,278
291011104 EMERSON ELECTRIC CO	5,616	4,979
595017104 MICROCHIP TECHNOLOGY	4,473	4,150
674599105 OCCIDENTAL PETE CORP	6,461	6,821
57636Q104 MASTERCARD INC	32,803	28,718
14448C104 CARRIER GLOBAL CORP	4,094	3,485
615369105 MOODYS CORP	5,242	4,376
20825C104 CONOCOPHILLIPS	15,758	16,272
254709108 DISCOVER FINANCIAL S	3,847	3,455
026874784 AMERICAN INTERNATION	4,755	4,368
084670702 BERKSHIRE HATHAWAY I	64,812	55,273
40412C101 HCA HOLDINGS INC	4,810	4,962
369604301 GENERAL ELEC CO	7,838	7,367
670346105 NUCOR CORP	4,219	3,317
91913Y100 VALERO ENERGY CORP	6,623	5,770
337738108 FISERV INC	6,324	6,737
038222105 APPLIED MATERIALS IN	10,681	8,439
45168D104 IDEXX CORP	4,225	3,584
88579Y101 3M CO	8,287	6,962
89417E109 TRAVELERS COMPANIES	4,246	4,136
65339F101 NEXTERA ENERGY INC	15,259	17,093
88339J105 TRADE DESK INC/THE	3,918	3,705
89832Q109 TRUIST FINANCIAL COR	6,769	6,444
67103H107 O'REILLY AUTOMOTIVE	4,806	4,923

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
09260C703 BLACKROCK GL L/S CRE
19247U106 COHEN & STEERS INSTL
02079K107 ALPHABET INC CL C
92206C409 VANGUARD S/T CORP BO	AT COST	32,016	29,712
922908553 VANGUARD REAL ESTATE	AT COST	183,562	169,159
72201P522 PIMCO EM MKTS CORP B
893641100 TRANSDIGM GROUP INC
90267B682 ETRACS ALERIAN MLP E
21036P108 CONSTELLATION BRANDS
78467Y107 SPDR S&P MIDCAP 400	AT COST	37,656	120,498
77958B402 T ROWE PRICE INST FL	AT COST	48,000	42,274
73278L105 POOL CORPORATION
30303M102 FACEBOOK INC
00888Y508 INV BALANCE RISK COM
87234N765 TCW EMRG MKTS INCM-I
464286665 ISHARES MSCI PACIFIC
64110L106 NETFLIX INC
78409V104 S&P GLOBAL INC
67103H107 O'REILLY AUTOMOTIVE
921937827 VANGUARD SHORT TERM	AT COST	627,089	579,855
92927K102 WABCO HOLDINGS INC
921937819 VANGUARD INTERMEDIAT	AT COST	360,962	302,003
023135106 AMAZON COM INC COM
278865100 ECOLAB INC
883556102 THERMO FISHER SCIENT
46625H365 JP MORGAN ALERIAN ML
617446448 MORGAN STANLEY
000843201 ACAP STRATEGIC FUND-	AT COST	50,000	41,444
464287200 ISHARES CORE S & P 5	AT COST	93,419	136,287
92206C870 VANGUARD INTERMEDIAT	AT COST	390,348	311,045
596278101 MIDDLEBY CORP
79466L302 SALESFORCE COM INC
697435105 PALO ALTO NETWORKS I
20605P101 CONCHO RESOURCES INC
G66721104 NORWEGIAN CRUISE LIN
90384S303 ULTA BEAUTY INC
92826C839 VISA INC-CLASS A SHR
191216100 COCA COLA CO
589509207 MERGER FUND-INST #30	AT COST	43,217	46,938
09857L108 BOOKING HOLDINGS INC
464287655 ISHARES RUSSELL 2000	AT COST	50,447	114,619
69354M108 PRA HEALTH SCIENCES
46434V803 ISHA CURR HEDGED MSC	AT COST	2,647	2,989
277923728 EATON VANCE GLOBAL M
15135B101 CENTENE CORP DEL
101137107 BOSTON SCIENTIFIC CO
G50871105 JAZZ PHARMACEUTICALS
235851102 DANAHER CORP
693506107 PPG INDUSTRIES INC
92532F100 VERTEX PHARMACEUTICA
981558109 WORLDPAY INC
61174X109 MONSTER BEVERAGE COR
262028855 DRIEHAUS ACTIVE INCO
34959J108 FORTIVE CORP
4812C0803 JPMORGAN HIGH YIELD
983793100 XPO LOGISTICS INC
34964C106 FORTUNE BRANDS HOME
46434G103 ISHARES CORE MSCI EM	AT COST	4,164	4,298
74925K581 BOSTON P LNG/SHRT RE	AT COST	83,561	95,531
46432F842 ISHARES CORE MSCI EA
254687106 WALT DISNEY CO
518439104 ESTEE LAUDER COMPANI
594918104 MICROSOFT CORP
831865209 SMITH A O CORP CL B
015351109 ALEXION PHARMACEUTIC
G1151C101 ACCENTURE PLC
78463X863 SPDR DJ WILSHIRE INT
64128R608 NEUBERGER BERMAN LON	AT COST	35,000	37,551
45866F104 INTERCONTINENTAL EXC
037833100 APPLE INC
437076102 HOME DEPOT INC
11135F101 BROADCOM INC
G0177J108 ALLERGAN PLC
90385D107 ULTIMATE SOFTWARE GR
892356106 TRACTOR SUPPLY CO CO
81369Y605 FINANCIAL SELECT SEC
315920702 FID ADV EMER MKTS IN
00507V109 ACTIVISION BLIZZARD
31620M106 FIDELITY NATL INFORM
00888Y847 INVESCO BAL RSK COMM	AT COST	92,467	91,565
252131107 DEXCOM INC
31641Q755 FIDELITY NEW MRKTS I
550021109 LULULEMON ATHLETICA
67066G104 NVIDIA CORP
040413106 ARISTA NETWORKS INC
097023105 BOEING COMPANY
896239100 TRIMBLE INC
BIT990000 BLACKSTONE REAL ESTA	AT COST	70,000	92,380
532457108 ELI LILLY & CO COM
27831R108 EV GLBL MACR ABS RTR
78463V107 SPDR GOLD SHARES ETF
98936J101 ZENDESK INC
169656105 CHIPOTLE MEXICAN GRI
016255101 ALIGN TECHNOLOGY INC
339041105 FLEETCOR TECHNOLOGIE
81762P102 SERVICENOW INC
74256W626 PRINCIPAL HIGH YIELD	AT COST	41,142	35,289
87918A105 TELADOC HEALTH INC
872365713 TCW EMRG MRKTS INC-P
03027X100 AMERICAN TOWER CORP	AT COST	11,715	11,164
22822V101 CROWN CASTLE INC	AT COST	7,985	7,372
053484101 AVALONBAY CMNTYS INC	AT COST	3,872	3,684
253868103 DIGITAL RLTY TR INC	AT COST	4,377	3,471
74460D109 PUBLIC STORAGE INC C	AT COST	6,013	5,563
78410G104 SBA COMMUNICATIONS C	AT COST	4,485	3,985
756109104 REALTY INCOME CORP C	AT COST	5,042	4,190
95040Q104 WELLTOWER INC	AT COST	4,273	3,345
29444U700 EQUINIX INC	AT COST	6,271	5,688
27826A730 EATON VANCE FLOAT RA	AT COST	183,620	168,966
828806109 SIMON PROPERTY GROUP	AT COST	3,932	3,411
74340W103 PROLOGIS INC	AT COST	10,791	8,534
925652109 VICI PROPERTIES INC	AT COST	3,881	3,492
29476L107 EQUITY RESIDENTIAL P	AT COST	3,787	3,630

Category	Amount	Net Investment Income
FOREIGN TAXES	501	501
FEDERAL TAX PAYMENT - PRIOR YE	8,632	0
FEDERAL ESTIMATES - PRINCIPAL	10,776	0
FOREIGN TAXES ON NONQUALIFIED	202	202

Description	Amount
TAX LOT BASIS ADJ	13
ROUNDING	4