Form990-PF
Click to see list of attachments

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. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 08-01-2017 , and ending 07-31-2018
Name of foundation
COVENANT FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)ONE NATIONAL DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ATLANTA, GA30336
A Employer identification number

58-6035088
B Telephone number (see instructions)

(404) 696-9440
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$17,336,780J 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) 793,073
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 200,506 200,506 200,506
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 113,476
b Gross sales price for all assets on line 6a 10,852,829
7 Capital gain net income (from Part IV, line 2)... 113,476
8 Net short-term capital gain......... 136,371
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 11,077    
12 Total. Add lines 1 through 11........ 1,118,132 313,982 336,877
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 81,662      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 39,501 39,501    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 121,163 39,501   0
25 Contributions, gifts, grants paid....... 1,753,808 1,753,808
26 Total expenses and disbursements. Add lines 24 and 25 1,874,971 39,501   1,753,808
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -756,839
b Net investment income (if negative, enter -0-) 274,481
c Adjusted net income (if negative, enter -0-)... 336,877
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 4,061,608 1,588,824 1,588,824
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   Click to see attachment732,839 732,839
b Investments—corporate stock (attach schedule)....... 4,512,152 Click to see attachment3,637,348 12,522,294
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 315,000 Click to see attachment2,094,400 2,414,313
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)   Click to see attachment78,510 Click to see attachment78,510
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,888,760 8,131,921 17,336,780
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
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)..... 8,888,760 8,131,921
30 Total liabilities and net assets/fund balances (see instructions). 8,888,760 8,131,921
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
8,888,760
2
Enter amount from Part I, line 27a .....................
2
-756,839
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
8,131,921
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
8,131,921
Form 990-PF (2019)
Form 990-PF (2019)
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 100 ANAPTYSBIO INC P 2017-10-13 2017-10-17
b 200 APPIAN CORP P 2017-11-16 2017-11-20
c 1600 AQIAMOTOA CORP P 2017-11-03 2017-11-06
d 1800 ARRAY bIOPHARMA INC P 2017-09-15 2017-09-20
e 17000 BLUEGREEN VACATIONS CORP P 2017-11-17 2017-11-27
3000 BRIGHT HORIZONS FAMILY P 2017-11-08 2017-11-20
400 CBTX INC P 2017-11-08 2017-11-14
6500 CASA SYSTEMS INC P 2017-12-15 2017-12-15
200 CASA SYSTEMS INC P 2017-12-15 2017-12-18
6000 CENTURY CASINOS P 2017-11-17 2017-11-20
10000 CHATHAM LODGING TRUST P 2017-11-06 2017-11-07
3000 DASEKE INC P 2017-09-20 2017-09-22
3600 DICERNA PHARMACEUTICALS P 2017-12-14 2017-12-14
200 EVOQUA WATER P 2017-11-02 2017-11-02
1700 FIRST BANCSHARES INC MS P 2017-10-27 2017-10-30
6500 FIRST DATA CORP NEW P 2017-09-14 2017-10-09
1100 FIRST INTERNET BANCORP P 2017-09-15 2017-09-19
600 FLOOR & DECOR HLDGS INC P 2017-07-20 2017-09-08
2500 FLOOR & DECOR HLDGS INC P 2017-11-16 2017-11-16
1300 FUNKO INC P 2017-11-02 2017-11-02
400 GARDNER DENVER HOLDINGS P 2017-11-16 2017-11-16
10000 HEALTHCARE RLTY TR INC P 2017-08-09 2017-08-09
2500 INDEPENDENCE REALTY P 2017-09-07 2017-09-08
1100 INDEPENDENT BANK GROUP P 2017-11-29 2017-11-29
400 INSMED INC P 2017-09-07 2017-09-08
1300 IRON MOUNTAIN NEW P 2017-12-13 2017-12-14
2000 JELD-WEN HOLDINGS INC P 2017-11-16 2017-11-16
2300 LUTHER BURBANK CORP P 2017-12-08 2017-12-11
800 MGM GROWTH PROPERTIES P 2007-09-07 2017-09-07
200 MONGODB INC P 2017-10-19 2017-10-20
200 NEWLINK GENETICS CORP P 2017-10-04 2017-10-04
20000 NEWMARK GROUP INC P 2017-12-15 2017-12-15
2000 PPDAI GROUP INC P 2017-11-10 2017-11-14
2000 PERFORMANCE FOOD GROUP P 2017-09-13 2017-09-28
700 PERFORMANCE FOOD GROUP P 2017-12-04 2017-12-07
300 PRESIDIO INC P 2017-11-17 2017-11-20
1600 PROPETRO HLDG CORP P 2017-11-07 2017-11-07
500 PROTAGONIST THERAPEUTICS P 2017-10-12 2017-10-16
300 QUDIAN INC P 2017-10-18 2017-10-18
300 REV GROUP INC P 2017-10-13 2017-10-13
15000 SABRA HEALTH CARE REIT P 2017-09-26 2017-09-29
500 SEA LIMITED P 2017-10-20 2017-10-23
600 SENDGRID INC P 2017-11-15 2017-11-16
500 SPERO THERAPEUTICS INC P 2017-11-02 2017-11-02
200 STITCH FIX INC P 2017-11-17 2017-11-20
300 THERMO FISHER P 2017-08-09 2017-08-31
410 UNIVEST CORP PA P 2017-11-30 2017-12-04
1990 UNIVEST CORP PA P 2017-11-30 2017-12-04
900 XPO LOGISTICS INC P 2017-07-20 2017-08-04
3500 ZOGENIX INC P 2017-10-03 2017-10-10
4500 ESSENT GROUP LTD P 2017-08-07 2017-09-28
3000 ICHOR HOLDINGS LTD P 2017-08-03 2017-08-08
6500 NORWEGIAN CRUISE LINE P 2017-08-11 2017-08-11
1800 SMART GLOBAL HOLDINGS INC P 2017-11-30 2017-12-27
250 VENATOR MATERIALS PLC P 2017-08-03 2017-08-04
600 VENATOR MATERIALS PLC P 2017-11-30 2017-12-04
200 CONSTELLIUM HOLDCO B V P 2017-11-01 2017-11-02
2300 TCG BDC INC P 2017-06-14 2017-08-04
5509 TCG BDC INC P 2017-06-14 2017-08-04
6428 TCG BDC INC P 2017-06-14 2017-08-09
7676 ANTERO MIDSTREAM P 2017-09-06 2017-09-11
4324 ANTERO MIDSTREAM P 2017-09-06 2017-09-12
15020 BP MIDSTREAM P 2017-10-26 2017-11-02
4980 BP MIDSTREAM P 2017-10-26 2017-11-08
5000 ENERGY TRANSFER PARTNERS P 2017-08-14 2017-08-18
10000 BROOKFIELD INFRASTRUCTURE PARTNERS P 2017-09-12 2017-09-18
9000 ADT INC P 2018-01-19 2018-03-27
4000 AGNC INVESTMENT CORP P 2018-05-24 2018-05-31
200 AT HOME GROUP INC P 2018-03-28 2018-04-03
6500 AXA EQUITABLE HLDGS INC P 2018-05-10 2018-05-11
3500 CASA SYSTEMS INC P 2018-04-26 2018-06-28
9000 CATCHMARK TIMBER TR INC P 2018-03-14 2018-03-19
500 CELLECTIS S A P 2018-04-05 2018-05-03
1800 CENTENE CORP DEL P 2018-05-02 2018-05-02
250 CERIDIAN HCM HOLDING P 2018-04-26 2018-04-26
1600 CHARAH SOLUTIONS INC P 2018-06-14 2018-06-22
1700 CIRCOR INTERNATIONAL INC P 2018-06-13 2018-06-14
1300 CLEARSIDE BIOMEDICAL INC P 2018-03-08 2018-03-20
10000 DASEKE INC P 2018-02-15 2018-05-30
1900 EMERALD EXPOSITIONS P 2018-03-09 2018-03-14
4000 EVERSPIN TECHNOLOGIES P 2018-02-08 2018-02-09
600 FTS INTL INC P 2018-02-02 2018-02-02
1600 FIRST INTERNET BANCORP P 2018-06-07 2018-06-12
275 FLAGSTAR BANCORP INC P 2018-06-12 2018-06-12
3625 FLAGSTAR BANCORP INC P 2018-06-12 2018-06-13
3500 GENERAL MILLS INC P 2018-03-28 2018-04-04
100 GLYCOMIMETICS INC P 2018-03-21 2018-03-22
350 GOOSEHEAD INSURANCE INC P 2018-04-27 2018-04-30
3500 GREEN BANCORP INC P 2018-05-23 2018-06-06
100 HAMILTON LANE INC P 2018-03-01 2018-03-08
900 HILTON WORLDWIDE P 2018-04-11 2018-04-11
600 INTREXON CORP P 2018-01-17 2018-01-18
1400 KEANE GROUP INC P 2018-01-18 2018-02-28
800 LIMONEIRA COMPANY P 2018-06-21 2018-06-21
200 MACROGENICS INC P 2018-03-28 2018-04-03
900 NLIGHT INC P 2018-04-26 2018-04-26
100 ORIGIN BANCORP INC P 2018-05-08 2018-05-14
2700 PARK HOTELS & RESORTS P 2018-03-07 2018-03-07
13200 PERMROCK ROYALTY TRUST P 2018-05-02 2018-05-30
1400 PIVOTAL SOFTWARE INC P 2018-04-20 2018-04-20
500 PLAYAGS INC P 2018-01-26 2018-01-29
200 PLAYAGS INC P 2018-05-10 2018-05-11
1800 QUINTANA ENERGY SERVICES P 2018-02-09 2018-02-15
1200 RAPID7 INC P 2018-01-26 2018-01-29
800 SEATTLE GENETICS INC WA P 2018-02-01 2018-02-02
1900 SEMPRA ENERGY P 2018-01-05 2018-01-08
250 SENDGRID INC P 2018-04-06 2018-04-06
1400 SIENTRA INC P 2018-05-03 2018-05-03
300 SPIRE INC P 2018-05-07 2018-05-11
1500 STARS GROUP INC P 2018-06-22 2018-06-25
900 SUN HYDRAULICS INC P 2018-02-02 2018-04-11
1000 TELLURIAN INC P 2018-06-19 2018-06-21
3042 TRISTATE CAPITAL HOLDINGS INC P 2018-05-23 2018-05-31
2958 TRISTATE CAPITAL HOLDINGS INC P 2018-05-23 2018-06-01
2000 TRIUMPH BANCORP INC P 2018-04-10 2018-04-11
1000 U S XPRESS ENTERPRISES P 2018-06-14 2018-06-25
7000 UNION BANKSHARES CORP P 2018-01-24 2018-02-13
4500 VICI PPTYS INC P 2018-02-01 2018-02-02
1000 VICTORY CAPITAL HOLDINGS P 2018-02-08 2018-02-28
400 ZSCALER P 2018-03-16 2018-03-21
100 CISION LIMITED P 2018-03-21 2018-03-22
3500 GATES INDUSTRIAL CORP P 2018-01-25 2018-02-01
600 CRISPR THERAPEUTICS AG P 2018-01-05 2018-01-08
36300 VANGUARD TREASUREY MONEY MARKET P 2018-04-18 2018-04-26
386153 VANGUARD TREASUREY MONEY MARKET P 2018-04-18 2018-05-02
20625 VANGUARD TREASUREY MONEY MARKET P 2018-04-18 2018-05-08
137700 VANGUARD TREASUREY MONEY MARKET P 2018-04-18 2018-05-10
11912 VANGUARD TREASUREY MONEY MARKET P 2018-04-18 2018-05-11
107310 VANGUARD TREASUREY MONEY MARKET P 2018-04-18 2018-05-23
362.330 VANGUARD TREASUREY MONEY MARKET P 2018-05-01 2018-05-23
59639.670 VANGUARD TREASUREY MONEY MARKET P 2018-05-07 2018-05-23
18346 VANGUARD TREASUREY MONEY MARKET P 2018-05-07 2018-05-24
78336 VANGUARD TREASUREY MONEY MARKET P 2018-05-07 2018-05-29
9900 VANGUARD TREASUREY MONEY MARKET P 2018-05-07 2018-06-19
45000 VANGUARD TREASUREY MONEY MARKET P 2018-05-07 2018-06-20
8934.330 VANGUARD TREASUREY MONEY MARKET P 2018-05-07 2018-06-21
180306.691 VANGUARD TREASUREY MONEY MARKET P 2018-05-21 2018-06-21
525.62 VANGUARD TREASUREY MONEY MARKET P 2018-06-01 2018-06-21
10914 VANGUARD TREASUREY MONEY MARKET P 2018-06-18 2018-06-22
20000 EAGLE POINT CREDIT P 2018-01-18 2018-01-24
10000 HERCULES CAPITAL INC P 2018-06-12 2018-06-13
14500 TPG SPECIALTY LENDING P 2018-03-21 2018-03-22
1000 COASTAL FINANCIAL CORP P 2018-07-18 2018-07-18
1300 CYTOMX THERAPEUTICS INC P 2018-07-13 2018-07-18
20000 ESSENTIAL PROPERTIES P 2018-06-21 2018-07-13
150 FOCUS FINANCIAL PARTNERS P 2018-07-26 2018-07-30
200 REATA PHARMACEUTICALS P 2018-07-25 2018-07-30
900 SPERO THERAPEUTICS INC P 2018-07-13 2018-07-13
200 TENABLE HOLDINGS INC P 2018-07-26 2018-07-30
600 WILLSCOT CORP P 2018-07-26 2018-07-30
3000 GALMED PHARMACEUTICALS LTD P 2018-06-20 2018-07-13
43100 VANGUARD TREASUREY MONEY MARKET P 2018-06-18 2018-07-13
150 BRIGHTVIEW HOLDINGS P 2018-06-28 2018-07-10
2200 CANADA GOOSE HOLDINGS P 2018-06-21 2018-07-18
3848 BANK FLA CORP NAPLES P 2009-03-10 2017-12-13
67 CARDINAL HEALTH INC OHIO P 1993-01-20 2018-07-11
1101 IXYS P 2018-01-01 2018-01-08
(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 6,505   6,850 -345
b 3,945   4,050 -105
c 16,613   14,400 2,213
d 20,835   19,350 1,485
e 242,299   238,000 4,299
262,756   262,500 256
11,359   10,400 959
94,532   84,500 10,032
2,885   2,600 285
48,674   45,000 3,674
231,704   219,000 12,704
38,294   36,000 2,294
26,234   25,200 1,034
4,049   3,600 449
53,759   49,300 4,459
117,737   115,375 2,362
32,954   31,900 1,054
23,954   24,000 -46
94,384   90,000 4,384
9,012   15,600 -6,588
11,363   10,900 463
313,948   309,000 4,948
22,329   20,350 1,979
75,163   70,400 4,763
11,907   11,400 507
50,371   48,100 2,271
71,333   67,500 3,833
27,784   24,725 3,059
24,954   24,480 474
6,054   4,800 1,254
2,301   2,050 251
285,907   280,000 5,907
25,994   26,000 -6
56,604   56,800 -196
21,724   21,000 724
4,416   4,275 141
26,727   24,800 1,927
7,936   8,500 -564
8,934   7,200 1,734
7,988   8,175 -187
324,602   315,000 9,602
7,727   7,500 227
10,887   9,600 1,287
5,432   7,000 -1,568
2,867   3,000 -133
55,658   51,300 4,358
11,714   11,583 131
56,773   56,218 555
51,704   54,450 -2,746
140,659   131,250 9,409
181,211   179,550 1,661
58,244   57,960 284
369,469   355,875 13,594
62,036   60,300 1,736
5,082   5,000 82
13,299   13,500 -201
2,240   2,200 40
42,714   42,550 164
102,163   101,917 246
118,870   118,918 -48
241,793   241,410 383
136,598   135,990 608
277,819   270,360 7,459
91,585   89,640 1,945
92,053   93,250 -1,197
432,277   421,000 11,277
69,480   126,000 -56,520
75,954   74,400 1,554
6,240   6,000 240
138,987   130,000 8,987
55,936   87,500 -31,564
114,433   113,400 1,033
14,680   15,500 -820
202,524   193,500 9,024
7,617   5,500 2,117
17,475   19,200 -1,725
72,833   75,225 -2,392
15,503   16,900 -1,397
95,357   106,000 -10,643
35,769   35,150 619
29,083   28,000 1,083
11,735   10,800 935
53,954   53,200 754
9,904   9,487 417
130,056   125,063 4,993
158,734   154,000 4,734
1,615   1,700 -85
5,054   3,500 1,554
79,929   79,800 129
3,544   3,425 119
70,712   65,700 5,012
8,674   7,500 1,174
22,147   25,550 -3,403
19,491   17,600 1,891
4,583   4,250 333
22,365   14,400 7,965
3,637   3,400 237
71,773   69,525 2,248
213,792   224,400 -10,608
21,754   21,000 754
9,280   8,000 1,280
4,467   4,300 167
16,734   18,000 -1,266
29,198   26,400 2,798
44,514   41,600 2,914
205,273   203,300 1,973
6,292   6,000 292
21,851   18,900 2,951
21,300   20,625 675
54,563   57,000 -2,437
47,302   51,750 -4,448
8,995   9,900 -905
80,111   78,788 1,323
76,714   76,612 102
76,953   75,000 1,953
14,755   16,000 -1,245
259,229   266,000 -6,771
93,553   90,000 3,553
12,855   13,000 -145
12,771   6,400 6,371
1,130   1,075 55
68,581   66,500 2,081
15,589   13,650 1,939
36,300   36,300  
386,153   386,153  
20,625   20,625  
137,700   137,700  
11,912   11,912  
107,310   107,310  
362   362  
59,640   59,640  
18,346   18,346  
78,336   78,336  
9,900   9,900  
45,000   45,000  
8,934   8,934  
180,307   180,307  
526   526  
10,914   10,914  
371,946   365,000 6,946
122,665   121,500 1,165
258,177   253,025 5,152
16,521   14,500 2,021
32,067   31,850 217
279,952   280,000 -48
5,868   4,950 918
14,575   14,400 175
11,250   11,250  
5,913   4,600 1,313
10,095   9,600 495
45,248   45,000 248
43,100   43,100  
3,255   3,300 -45
141,105   138,600 2,505
    26,205 -26,205
3,268   432 2,836
26,528     26,528
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       -345
b       -105
c       2,213
d       1,485
e       4,299
      256
      959
      10,032
      285
      3,674
      12,704
      2,294
      1,034
      449
      4,459
      2,362
      1,054
      -46
      4,384
      -6,588
      463
      4,948
      1,979
      4,763
      507
      2,271
      3,833
      3,059
      474
      1,254
      251
      5,907
      -6
      -196
      724
      141
      1,927
      -564
      1,734
      -187
      9,602
      227
      1,287
      -1,568
      -133
      4,358
      131
      555
      -2,746
      9,409
      1,661
      284
      13,594
      1,736
      82
      -201
      40
      164
      246
      -48
      383
      608
      7,459
      1,945
      -1,197
      11,277
      -56,520
      1,554
      240
      8,987
      -31,564
      1,033
      -820
      9,024
      2,117
      -1,725
      -2,392
      -1,397
      -10,643
      619
      1,083
      935
      754
      417
      4,993
      4,734
      -85
      1,554
      129
      119
      5,012
      1,174
      -3,403
      1,891
      333
      7,965
      237
      2,248
      -10,608
      754
      1,280
      167
      -1,266
      2,798
      2,914
      1,973
      292
      2,951
      675
      -2,437
      -4,448
      -905
      1,323
      102
      1,953
      -1,245
      -6,771
      3,553
      -145
      6,371
      55
      2,081
      1,939
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
      6,946
      1,165
      5,152
      2,021
      217
      -48
      918
      175
       
      1,313
      495
      248
       
      -45
      2,505
      -26,205
      2,836
      26,528
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 2 113,476
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 3 136,371
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2018 1,838,738 14,741,078 0.12474
2017 1,790,813 11,698,289 0.15308
2016 1,534,351 11,439,435 0.13413
2015 1,454,150 9,143,856 0.15903
2014 1,261,545 8,570,018 0.14720
2
Total of line 1, column (d) .....................
2
0.718181
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.143636
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
17,372,202
5
Multiply line 4 by line 3......................
5
2,495,274
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,745
7
Add lines 5 and 6........................
7
2,498,019
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,753,808
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2019)
Form 990-PF (2019)
Page 4
Part VI
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 includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 5,490
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% 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 5,490
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 5,490
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 84,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 84,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 78,510
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet78,510 RefundedBullet 11  
Part VII-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 Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
No
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 XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    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 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    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 (2019)
    Form 990-PF (2019)
    Page 5
    Part VII-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 ofbulletJAY DAVIS Telephone no.bullet (404) 696-9440

    Located atbulletONE NATIONAL DRIVEATLANTAGA ZIP+4bullet30336
    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 2019, 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 VII-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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?...............
    (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.).......
    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
     
    No
    ........bullet
    c
    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 2019?.............
    1c
     
    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 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    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?......................
    b
    If "Yes," did it have excess business holdings in 2019 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 2019.)..................
    3b
     
    No
    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 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 6
    Part VII-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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    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
     
    No
    .........bullet
    c
    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).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    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?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    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? .................
    Part VIII
    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
    JAY M DAVIS President
    5.00     		0    
    2450 WEST WESLEY ROAD NW
    ATLANTA,GA30327
    ANN DAVIS Vice President
    5.00     		0    
    2450 WEST WESLEY ROAD NW
    ATLANTA,GA30327
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    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 IX-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 IX-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 (2019)
    Form 990-PF (2019)
    Page 8
    Part X
    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
    14,597,699
    b
    Average of monthly cash balances.......................
    1b
    3,024,054
    c
    Fair market value of all other assets (see instructions)................
    1c
    15,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    17,636,753
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    17,636,753
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    264,551
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    17,372,202
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    868,610
    Part XI
    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 X, line 6....................
    1
    868,610
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    5,490
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,490
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    863,120
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    863,120
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    863,120
    Part XII
    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
    1,753,808
    b
    Program-related investments—total from Part IX-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 V, line 8, and Part XIII, line 4
    4
    1,753,808
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,753,808
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 863,120
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2019:
    a From 2014...... 866,341
    b From 2015...... 1,014,799
    c From 2016...... 969,710
    d From 2017...... 1,221,056
    e From 2018...... 1,185,326
    fTotal of lines 3a through e........ 5,257,232
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 1,753,808
    a Applied to 2018, 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)........     		0
    d Applied to 2019 distributable amount..... 863,120
    e Remaining amount distributed out of corpus 890,688
    5 Excess distributions carryover applied to 2019.    
    (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 6,147,920
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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 ...........     		 
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		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) .......     		 
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		866,341
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		5,281,579
    10 Analysis of line 9:
    a Excess from 2015.... 1,014,799
    b Excess from 2016.... 969,710
    c Excess from 2017.... 1,221,056
    d Excess from 2018.... 1,185,326
    e Excess from 2019.... 890,688
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-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 2019, 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) 2019 (b) 2018 (c) 2017 (d) 2016
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    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 X, 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 XV
    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).)
    JAY M DAVIS
    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:
    JAY DAVIS
    ONE NATIONAL DRIVE
    ATLANTA,GA30336
    bThe form in which applications should be submitted and information and materials they should include:
    NO PARTICULAR FORMAT IS SPECIFIED FOR THE APPLICATION.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    SEE DETAILED ATTACHED LIST
    SEE ATTACHED LIST
    ATLANTA,GA30336     		N/A VARIOUS SEE ATTACHED LISTING 1,753,808
    Total .................................bullet 3a 1,753,808
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....         200,506
    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.....         11,077
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        113,476
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..     325,059
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    325,059
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-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 XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    3 4 ALL REVENUES EARNED ON TEMPORARY INVESTMENTS ARE CONTRIBUTED TO THE FOUNDATION'S BENEFICIARIES.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 13
    Part XVII
    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 instr.)
    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 (2019)
    Additional Data


    Software ID: 17005038
    Software Version: 2017v2.2


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    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
    2019
    Name of the organization
    COVENANT FOUNDATION INC
     
    Employer identification number

    58-6035088
    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, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019) Page 2
    Name of organization
    COVENANT FOUNDATION INC
          		Employer identification number
    58-6035088
    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
    JAY AND ANN DAVIS
    2450 W WESLEY ROAD NW
     
    ATLANTA, GA30327

    		$ 1,102,990


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    JAY AND ANN DAVIS
    2450 W WESLEY ROAD NW
     
    ATLANTA, GA30327

    		$ 44,954


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    JAY AND ANN DAVIS
    2450 W WESLEY ROAD NW
     
    ATLANTA, GA30327

    		$ 87,760


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    JAY AND ANN DAVIS
    2450 W WESLEY ROAD NW
     
    ATLANTA, GA30327

    		$ 13,800


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    JAY AND ANN DAVIS
    2450 W WESLEY ROAD NW
     
    ATLANTA, GA30327

    		$ 68,814


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    JAY AND ANN DAVIS
    2450 W WESLEY ROAD NW
     
    ATLANTA, GA30327

    		$ 18,162


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Name of organization
    COVENANT FOUNDATION INC
          		Employer identification number
    58-6035088
    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
    7
    JAY AND ANN DAVIS
    2450 W WESLEY ROAD NW
     
    ATLANTA, GA30327

    		$ 34,536


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    JAY AND ANN DAVIS
    2450 W WESLEY ROAD NW
     
    ATLANTA, GA30327

    		$ 55,433


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    JAY AND ANN DAVIS
    2450 W WESLEY ROAD NW
     
    ATLANTA, GA30327

    		$ 26,193


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
    JAY AND ANN DAVIS
    2450 W WESLEY ROAD NW
     
    ATLANTA, GA30327

    		$ 448,756


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
    JAY AND ANN DAVIS
    2450 W WESLEY ROAD NW
     
    ATLANTA, GA30327

    		$ 686,500


    (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, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Page 3
    Name of organization
    COVENANT FOUNDATION INC
          		Employer identification number

    58-6035088
    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
    1
    		 6,853 SHARES APPLE, INC. $ 1,102,990 2017-08-16
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 700 SHARES ALTRIA GROUP, INC. $ 44,954 2017-10-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    3
    		 1,000 SHARES AMERICAN WTR WKS CO INC. $ 87,760 2017-10-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    4
    		 400 ASTRAZENECA PLC SPND ADR $ 13,800 2017-10-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    5
    		 2,045 AT&T INC. $ 68,814 2017-10-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    6
    		 200 EASTMAN CHEMICAL CO COM $ 18,162 2017-10-31
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Name of organization
    COVENANT FOUNDATION INC
          		Employer identification number

    58-6035088
    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
    7
    		 400 PROCTER & GAMBLE CO $ 34,536 2017-10-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    8
    		 1,158 VERIZON COMMUNICATIONS COM $ 55,433 2017-10-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    9
    		 300 WAL-MART STORES INC. $ 26,193 2017-10-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    10
    		 6,200 PAYPAL HOLDINGS INC $ 448,756 2017-11-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    11
    		 25,000 SHARES BANK OF AMERICA $ 686,500 2017-11-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Page 4
    Name of organization
    COVENANT FOUNDATION INC
          		Employer identification number

    58-6035088
    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, 990-EZ, or 990-PF) (2019)

    Additional Data


    Software ID: 17005038
    Software Version: 2017v2.2

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    COVENANT FOUNDATION INC
    EIN:
    58-6035088
    Software ID:
    17005038
    Software Version:
    2017v2.2
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3,848 SH BANK FLA CORP NAPLES    
    16 SHARES BERKSHIRE HATHAWAY INC 1,401,511 4,824,800
    10,978 SHARES CBOE HOLDINGS INC. 50,000 1,066,293
    1,480 SHARES COLONIAL CAP TRUST IV 16,620  
    5,000 SHARES CRACKER BARREL 209,062 732,475
    18,750 BROWN FORMAN CORP CL A&B 249,583 998,625
    2,557 SHARES AT&T 13,150 81,747
    10700 SHARES ALTRIA GROUP INC 165,079 627,876
    21,428 SHARES SYNOVUS FINAL CORP 307,487 1,058,972
    FLOOR & DECOR HLDGS INC CL A    
    PHYSICIANS REALTY TR 122,400 94,560
    XPO LOGISTICS INC    
    TCG BDC INC    
    1,000 AMERICAN WTR WKS CO INC. 21,500 88,250
    6,853 APPLE, INC. 320,465 1,304,057
    400 ASTRAZENECA PLC SPND ADR 9,345 15,652
    200 EASTMAN CHEMICAL CO COM 1,759 20,724
    6,200 PAYPAL HOLDINGS INC 200,279 509,268
    400 PROCTER & GAMBLE CO 23,694 32,352
    1,158 VERIZON COMMUNICATIONS COM 15,388 59,799
    300 WAL-MART STORES INC. 4,415 26,769
    9,000 ADT INC 126,000 81,090
    3,500 CASA SYSTEMS INC 87,500 53,305
    8,000 MEIRAGTZ HOLDINGS PLC 120,000 73,680
    25,000 BANK AMERICA CORP 172,111 772,000

    TY 2017 InvestmentsGovtObligationsSch
    Name:
    COVENANT FOUNDATION INC
    EIN:
    58-6035088
    Software ID:
    17005038
    Software Version:
    2017v2.2
    US Government Securities - End of Year Book Value:

    732,839
    US Government Securities - End of Year Fair Market Value:

    732,839
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2017 InvestmentsOtherSchedule2
    Name:
    COVENANT FOUNDATION INC
    EIN:
    58-6035088
    Software ID:
    17005038
    Software Version:
    2017v2.2
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PA DIRECT CREDIT OPPTYS FUND II OFFSHORE FMV 183,400 183,400
    ALTEGRIS MILLENNIUM FUND LTD SER R OFFSH FMV 1,496,000 1,815,913
    ISRAEL BONDS FMV 400,000 400,000
    OTHER INVESTMENTS AT COST 15,000 15,000

    TY 2017 OtherAssetsSchedule
    Name:
    COVENANT FOUNDATION INC
    EIN:
    58-6035088
    Software ID:
    17005038
    Software Version:
    2017v2.2
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    FEDERAL TAX ESTIMATES   78,510 78,510


    TY 2017 OtherExpensesSchedule
    Name:
    COVENANT FOUNDATION INC
    EIN:
    58-6035088
    Software ID:
    17005038
    Software Version:
    2017v2.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BROKERAGE ACCOUNT FEES 157 157    
    INVESTMENT ADVISORY FEES 39,344 39,344    


    TY 2017 OtherIncomeSchedule2
    Name:
    COVENANT FOUNDATION INC
    EIN:
    58-6035088
    Software ID:
    17005038
    Software Version:
    2017v2.2
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Other Investment Income 11,077    


    TY 2017 TaxesSchedule
    Name:
    COVENANT FOUNDATION INC
    EIN:
    58-6035088
    Software ID:
    17005038
    Software Version:
    2017v2.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL INCOME TAX 81,662