Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 01-01-2019 , and ending 12-31-2019
Name of foundation
WATSON-BROWN FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)310 TOM WATSON WAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
THOMSON, GA308240037
A Employer identification number

23-7097393
B Telephone number (see instructions)

(706) 595-8886
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$155,131,160J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 64 64  
4 Dividends and interest from securities... 2,860,578 2,860,443  
5a Gross rents............ 19,173 19,173  
b Net rental income or (loss) 19,173
6a Net gain or (loss) from sale of assets not on line 10 2,785,607
b Gross sales price for all assets on line 6a 4,670,815
7 Capital gain net income (from Part IV, line 2)... 2,778,025
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 652
b Less: Cost of goods sold.... 154
c Gross profit or (loss) (attach schedule)..... 498  
11 Other income (attach schedule)....... Click to see attachment 282,120 315,427  
12 Total. Add lines 1 through 11........ 5,948,040 5,973,132  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 216,254 21,625   194,629
14 Other employee salaries and wages...... 566,301 33,290   533,011
15 Pension plans, employee benefits....... 18,266 1,428   16,838
16a Legal fees (attach schedule)......... Click to see attachment 80 40   40
b Accounting fees (attach schedule)....... Click to see attachment 35,600 17,800   17,800
c Other professional fees (attach schedule).... Click to see attachment 208,621 192,171   16,450
17 Interest............... 157,657 28,342   129,315
18 Taxes (attach schedule) (see instructions)... Click to see attachment 239,200 115,178   10,022
19 Depreciation (attach schedule) and depletion... Click to see attachment 502,231 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 26,621 12   26,609
22 Printing and publications.......... 62,727 63   62,664
23 Other expenses (attach schedule)....... Click to see attachment 1,415,747 571,086   844,301
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,449,305 981,035   1,851,679
25 Contributions, gifts, grants paid....... 4,101,342 4,101,342
26 Total expenses and disbursements. Add lines 24 and 25 7,550,647 981,035   5,953,021
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,602,607
b Net investment income (if negative, enter -0-) 4,992,097
c Adjusted net income (if negative, enter -0-)...  
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......... 2,728,073 2,826,092 2,826,092
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   351    
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.............. 4,706 5,099 5,099
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
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).......... 121,553,232 Click to see attachment119,723,418 137,916,473
14 Land, buildings, and equipment: basis bullet21,895,484
Less: accumulated depreciation (attach schedule) bullet6,101,153 16,022,736 Click to see attachment15,794,331 13,916,774
15 Other assets (describe bullet) Click to see attachment512,905 Click to see attachment516,797 Click to see attachment466,722
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 140,822,003 138,865,737 155,131,160
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)...... 3,569,053 Click to see attachment3,217,735
22 Other liabilities (describe bullet) Click to see attachment2,403 Click to see attachment62
23 Total liabilities (add lines 17 through 22)......... 3,571,456 3,217,797
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........ 137,250,547 135,647,940
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 137,250,547 135,647,940
30 Total liabilities and net assets/fund balances (see instructions). 140,822,003 138,865,737
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
137,250,547
2
Enter amount from Part I, line 27a .....................
2
-1,602,607
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
135,647,940
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
135,647,940
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 PASSTHROUGH - MERCER GLOBAL MULTI-ASSET FD P   2019-12-31
b PASSTHROUGH - MERCER GLOBAL MULTI-ASSET FD P   2019-12-31
c PASSTHROUGH - MERCER GLOBAL MULTI-ASSET FD - SEC 1256 P   2019-12-31
d PASSTHROUGH - MERCER GLOBAL MULTI-ASSET FD - SEC 1256 P   2019-12-31
e PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS II P   2019-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS II P   2019-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS II-SEC. 1231 GAIN P   2019-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS II-SEC. 1256 GAIN P   2019-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS II-SEC. 1256 GAIN P   2019-12-31
PASSTHROUGH - MONTAUK TRIGUARD FD. V P   2019-12-31
PASSTHROUGH - MONTAUK TRIGUARD FD. V P   2019-12-31
PASSTHROUGH - MONTAUK TRIGUARD FD. V-SEC. 1231 GAIN P   2019-12-31
PASSTHROUGH - MONTAUK TRIGUARD FD. V-SEC. 1256 GAIN P   2019-12-31
PASSTHROUGH - MONTAUK TRIGUARD FD. V-SEC. 1256 GAIN P   2019-12-31
PASSTHROUGH - PORTFOLIO ADVISORS PRIVATE EQUITY FD P   2019-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS III P   2019-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS III P   2019-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS III-SEC. 1231 GAIN P   2019-12-31
PASSTHROUGH - NB CROSSROADS FD P   2019-12-31
PASSTHROUGH - NB CROSSROADS FD P   2019-12-31
PASSTHROUGH - NB CROSSROADS FD-SEC. 1231 GAIN P   2019-12-31
PASSTHROUGH - NB CROSSROADS FD-SEC. 1256 GAIN P   2019-12-31
PASSTHROUGH - NB CROSSROADS FD-SEC. 1256 GAIN P   2019-12-31
PASSTHROUGH - MONTAUK TRIGUARD FD. VI P   2019-12-31
PASSTHROUGH - MONTAUK TRIGUARD FD. VI P   2019-12-31
PASSTHROUGH - MONTAUK TRIGUARD FD. VI-SEC. 1231 GAIN P   2019-12-31
PASSTHROUGH - MONTAUK TRIGUARD FD. VI-SEC. 1256 GAIN P   2019-12-31
PASSTHROUGH - MONTAUK TRIGUARD FD. VI-SEC. 1256 GAIN P   2019-12-31
PASSTHROUGH - H/2 SPECIAL OPPS. III, LP P   2019-12-31
PASSTHROUGH - H/2 SPECIAL OPPS. III, LP P   2019-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS IV P   2019-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS IV P   2019-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS IV-SEC. 1231 GAIN P   2019-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS V-SEC. 1256 P   2019-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS V-SEC. 1256 P   2019-12-31
PASSTHROUGH - MERCER PIP V FUND P   2019-12-31
PASSTHROUGH - MERCER PIP V FUND- P   2019-12-31
PASSTHROUGH - MERCER PIP V FUND-SEC. 1231 P   2019-12-31
PASSTHROUGH - AUDAX DIRECT LENDING SOLUTIONS FUND P   2019-12-31
LITIGATION PROCEEDS P   2019-12-31
19372.336 SHS. VANGUARD INFLATION PROTECTED SECS P   2019-06-05
85205.267 SHS. VANGUARD INFLATION PROTECTED SECS P   2019-07-01
19201.229 SHS. VANGUARD INFLATION PROTECTED SECS P   2019-08-02
11303.692 SHS. VANGUARD INFLATION PROTECTED SECS P   2019-09-04
23041.475 SHS. VANGUARD INFLATION PROTECTED SECS P   2019-09-30
19171.779 SHS. VANGUARD INFLATION PROTECTED SECS P   2019-11-01
(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       -90,301
b       309,680
c       553,550
d       830,324
e       5,455
      233,961
      -24,669
      152
      228
      385
      41,683
      2,935
      5
      7
      195,275
      -814
      126,344
      6,589
      358
      185,713
      27
      -270
      -405
      4,061
69,273   7,582 61,691
      5,570
      1,030
      1,545
      5,645
      1,146
      14,330
      41,338
      3,531
      287
      430
      4,258
      33,908
      2
      -200
1,542     1,542
500,000   478,287 21,713
2,200,000   2,103,979 96,021
500,000   474,137 25,863
300,000   279,123 20,877
600,000   569,183 30,817
500,000   473,592 26,408
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       -90,301
b       309,680
c       553,550
d       830,324
e       5,455
      233,961
      -24,669
      152
      228
      385
      41,683
      2,935
      5
      7
      195,275
      -814
      126,344
      6,589
      358
      185,713
      27
      -270
      -405
      4,061
      61,691
      5,570
      1,030
      1,545
      5,645
      1,146
      14,330
      41,338
      3,531
      287
      430
      4,258
      33,908
      2
      -200
      1,542
      21,713
      96,021
      25,863
      20,877
      30,817
      26,408
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 2,778,025
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  
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 6,016,011 136,604,370 0.044040
2017 5,773,271 134,673,441 0.042869
2016 4,630,436 129,586,578 0.035732
2015 4,612,854 128,305,045 0.035952
2014 5,095,389 108,913,095 0.046784
2
Total of line 1, column (d) .....................
2
0.205377
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
0.041075
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
133,460,954
5
Multiply line 4 by line 3......................
5
5,481,909
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
49,921
7
Add lines 5 and 6........................
7
5,531,830
8
Enter qualifying distributions from Part XII, line 4,.............
8
6,226,847
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 49,921
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 0
3 Add lines 1 and 2........................... 3 49,921
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 49,921
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 234,040
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 234,040
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 184,119
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet184,119 RefundedBullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletGA
    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 addressbulletWWW.WATSON-BROWN.ORG
    14
    The books are in care ofbulletTHOMAS W BROWN JR Telephone no.bullet (706) 595-8886

    Located atbullet310 TOM WATSON WAYTHOMSONGA ZIP+4bullet308240037
    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
     
     
    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
     
     
    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
     
     
    .........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
     
     
    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
    R BYRON ATTRIDGE TRUSTEE
    2.50     		12,000 0 0
    3747 PEACHTREE RD NE UNIT 818
    ATLANTA,GA30319
    THOMAS W BROWN JR PRESIDENT
    50.00     		168,754 4,703 0
    753 BRADBERRY CREEK
    EVANS,GA30809
    WYCHE FOWLERJR TRUSTEE
    2.50     		11,500 0 0
    2734 PEACHTREE RD NW SUITE C102
    ATLANTA,GA30305
    JOHN WOODHAM TRUSTEE
    2.50     		12,000 0 0
    2625 PIEDMONT ROAD SUITE 56-295
    ATLANTA,GA30324
    JOAB LESESNE TRUSTEE
    2.50     		12,000 0 0
    1009B BRIARWOOD COURT
    SPARTANBURG,SC29302
    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
    SAMUEL N THOMAS HOUSE MUSEUM CURATOR
    45.00     		79,330 2,367 0
    175 HILL STREET
    ATHENS,GA30601
    MICHELLE L ZUPAN HOUSE MUSEUM CURATOR
    45.00     		74,657 1,040 0
    502 HICKORY HILL DRIVE
    THOMSON,GA30824
    DEXTER E RHODES GROUNDS MANAGER
    45.00     		68,197 2,017 0
    310 TOM WATSON WAY
    THOMSON,GA30824
    ELIZABETH B MOORE ACCOUNTANT/ADMIN.
    45.00     		63,961 1,916 0
    310 TOM WATSON WAY
    THOMSON,GA30824
    BARBARA D HYDE HOUSE MUSEUM CURATOR
    45.00     		52,327 1,567 0
    320 WEST PACES FERRY RD NW
    ATLANTA,GA30305
    Total number of other employees paid over $50,000...................bullet 0
    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
    MERCER INVESTMENT CONSULTING INC INVESTMENT CONSULTING 183,287
    701 MARKET STREET SUITE 1100
    ST LOUIS,MO63101
    Total number of others receiving over $50,000 for professional services.............bullet0
    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 MAINTAINING THREE HISTORIC HOUSE MUSEUMS THAT CONDUCT VARIOUS EDUCATIONAL PROGRAMMING INCLUDING PUBLIC TOURS, SCHOOL FIELD TRIPS, SEMINARS AND SYMPOSIA, SUMMER CAMPS, AND TWO "JUNIOR BOARDS" OF HIGH SCHOOL STUDENTS THAT RESEARCH AND AWARD GRANTS TO LOCAL HISTORIC PRESERVATION PROJECTS. 982,407
    2 MAINTAINING HISTORIC GARDENS AND GROUNDS FOR PRESERVATION, PUBLIC TOURS, AND A VARIETY OF EDUCATIONAL PROGRAMMING. 252,987
    3 ALLOCATION OF EXPENSES FOR ADMINISTERING SCHOLARSHIPS AND GRANTS INCURRED BY THE FOUNDATION OFFICE. ALLOCATION IS BASED ON A COMBINATION OF DIRECT COST AND A PERCENTAGE OF ALL OTHER EXPENSES. 668,051
    4 TOM WATSON BROWN BOOK AWARD. THE ANNUAL AWARD IS MADE THROUGH THE AUSPICES OF THE SOCIETY OF CIVIL WAR HISTORIANS FOR A SINGLE OUTANDING BOOK ON THE AMERICAN CIVIL WAR. SCHOLARLY AND TRADE PRESSES SUBMIT BOOKS FOR CONSIDERATION BY A THREE JUROR PANEL OF CIVIL WAR SCHOLARS. 85,317
    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.........................bullet0
    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
    0
    b
    Average of monthly cash balances.......................
    1b
    831,550
    c
    Fair market value of all other assets (see instructions)................
    1c
    134,661,804
    d
    Total (add lines 1a, b, and c).........................
    1d
    135,493,354
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    135,493,354
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,032,400
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    133,460,954
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,673,048
    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
    6,673,048
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    49,921
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    49,921
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,623,127
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,623,127
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    6,623,127
    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
    5,953,021
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    273,826
    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
    6,226,847
    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
    49,921
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    6,176,926
    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 6,623,127
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 678,081
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014......  
    b From 2015......  
    c From 2016......  
    d From 2017......  
    e From 2018......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 6,226,847
    a Applied to 2018, but not more than line 2a 678,081
    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 2019 distributable amount..... 5,548,766
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2019. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		1,074,361
    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 2014 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2015....  
    b Excess from 2016....  
    c Excess from 2017....  
    d Excess from 2018....  
    e Excess from 2019....  
    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).)
    THOMAS W BROWN JR
    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:
    THOMAS WBROWN JR 310 TOM WATSON WAY
    310 TOM WATSON WAY
    THOMSON,GA30824
    (706) 595-8886
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS ARE WEB BASED AND PROVIDED BY FOUNDATION AS NEEDED
    cAny submission deadlines:
    GRANTS DUE APRIL 15/SCHOLARSHIPS DUE FEBRUARY 15
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    250 SCHOLARSHIPS WERE AWARDED IN FEBRUARY 2019 FOR THE FALL 2019/SPRING 2020 SCHOOL YEAR. THE AWARD INCREASED FROM $4,000 TO $5,000 PER YEAR. A G.P.A. REQUIREMENT IS STILL 3.0 & 3.5 FOR MERIT AWARDS. FULL-TIME ATTENDANCE AT AN ACCREDITED 4 YEAR COLLEGE IS ALSO REQUIRED.
    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
    ANDERSON COUNTY ARTS COUNCIL
    110 FEDERAL ST
    ANDERSON,SC29625     		N/A PUBLIC DIRECT COSTS FOR MASTER PLAN FOR CARNEGIE LIBRARY BLDG 22,000
    CLEMSON UNIVERSITY RESEARCH
    300 BRACKETT HALL
    CLEMSON,SC29634     		N/A PUBLIC DR. BURTON'S SYMPOSIUM "LINCOLN'S UNFINISHED WORK" 17,560
    CUMBERLAND UNIVERSITY
    1 CUMBERLAND SQUARE
    LEBANON,TN37087     		N/A PUBLIC REFUND OF UNUSED FUNDS FROM 2017 GRANT -20,996
    GA COLLEGE & STATE UNIV FOUNDATION
    CAMPUS BOX 96
    MILLEDGEVILLE,GA31061     		N/A PUBLIC 2019-2020 JUNIOR BOARD OPERATING FUNDS 5,000
    HISTORIC MACON FOUNDATION
    PO BOX 13358
    MACON,GA31208     		N/A PUBLIC DIRECT COSTS OF IMPLEMENTATION OF TRADE SCHOOL 100,000
    MADISON-MORGAN CONSERVANCY INC
    PO BOX 752
    MADISON,GA30650     		N/A PUBLIC ENDANGERED PROPERTIES REVOLVING FUND 2 OF 2 250,000
    PORT COLUMBUS CIVIL WAR NAVAL CENTER
    1002 VICTORY DR
    COLUMBUS,GA31901     		N/A PUBLIC DIRECT COSTS OF CONSERVATION OF FANTAIL AND/OR STEAM ENGINES 100,000
    UNIVERSITY OF NORTH CAROLINA PRESS
    116 S BOUNDARY ST
    CHAPEL HILL,NC27514     		N/A PUBLIC DIRECT COSTS OF MTG W/EXPERTS IN PLANNING OF NEW JOURNAL IN SOUTHERN HISTORY 10,000
    UNIVERSITY OF SOUTHERN MISSISSIPPI
    118 COLLEGE DR 5053
    HATTIESBURG,MS39406     		N/A PUBLIC DIRECT COSTS OF HIRING TEMPORARY DIGITAL ARCHIVIST 32,120
    ATHENS-CLARKE HERITAGE FOUNDATION
    489 PRINCE AVE
    ATHENS,GA30601     		N/A PUBLIC GRANTS-ATHENS JR. BOARDST JAMES CEMETERY PROJECT 5,940
    CITY OF AUBURN
    24 5TH ST
    AUBURN,GA30011     		N/A PUBLIC GRANTS-ATHENS JR. BOARDF/B/O AUBURN PUBLIC LIBRARY-RECORDING SUPPLIES 1,900
    CITY OF COMMERCE
    1344 SOUTH BROAD ST
    COMMERCE,GA30529     		N/A PUBLIC GRANTS-ATHENS JR. BOARDF/B/O COMMERCE PUBLIC LIBRARY: PRESERVATION SUPPLIES 626
    FESTIVAL HALL INC
    PO BOX 711
    GREENSBORO,GA30642     		N/A PUBLIC GRANTS-ATHENS JR. BOARDRESTORE & REPAIR HISTORIC BLDG 5,700
    FRANKLIN COUNTY HISTORICAL SOCIETY
    PO BOX 222
    LAVONIA,GA30553     		N/A PUBLIC GRANTS-ATHENS JR. BOARDREFUND UNUSED PORTION OF 2016 GRANT -5,631
    FREE AND ACCEPTED MASONS OF GEORGIA
    300 HINTON RD
    SOCIAL CIRCLE,GA30025     		N/A PUBLIC GRANTS-ATHENS JR. BOARDPRESERVATION OF MINUTE BOOK 1885-1893 (PAID DIRECTLY TO KOFILE TECHNOLOGIES OF DALLAS, TX WHO DID THE WORK) 2,047
    HALL COUNTY GOVERNMENT
    PO DRAWER 1435
    GAINESVILLE,GA30503     		N/A PUBLIC GRANTS-ATHENS JR. BOARDCOLE PORTABLE CORN MILL FOR HEALAN'S MILL 8,500
    JACKSON COUNTY GOVERNMENT
    67 ATHENS ST
    JEFFERSON,GA30549     		N/A PUBLIC GRANTS-ATHENS JR. BOARDPROPERTY NOMINATION FOR NATIONAL REGISTER OF HISTORIC PLACES 2,500
    NUCI PHILLIPS MEMORIAL FOUNDATION INC
    396 OCONEE ST
    ATHENS,GA30601     		N/A PUBLIC GRANTS-ATHENS JR. BOARDRESTORATION OF HISTORIC STEEPLE 5,775
    FRIENDS OF THE CANNONBALL HOUSE INC
    856 MULBERRY ST
    MACON,GA31201     		N/A PUBLIC GRANTS-MILLEDGEVILLE JR BOARDHVAC SYSTEM 2,000
    GEORGIA TRUST FOR HISTORIC PRESERVATION
    1516 PEACHTREE ST NW
    ATLANTA,GA303092908     		N/A PUBLIC GRANTS-MILLEDGEVILLE JR BOARDHAY HOUSE EXHIBIT CASES 1,560
    GEORGIA'S OLD CAPITAL MUSEUM SOCIETY INC
    95 DEPOT CIRCLE
    MILLEDGEVILLE,GA31062     		N/A PUBLIC GRANTS-MILLEDGEVILLE JR BOARDHVAC UNIT AT BROWN-STETSON-SANFORD HOUSE 5,250
    SANDERSVILLE SCHOOL BUILDING AUTHORITY
    PO BOX 5923
    SANDERSVILLE,GA31082     		N/A PUBLIC GRANTS-MILLEDGEVILLE JR BOARDFACADE RESTORATION ON SES HISTORIC SCHOOL 11,525
    SPARTA-HANCOCK COUNTY HISTORICAL SOCIETY
    9687 JONES ST
    SPARTA,GA31087     		N/A PUBLIC GRANTS-MILLEDGEVILLE JR BOARDROOF REPAIR ON HISTORIC BLDG AT 12688 BROAD STREET 5,000
    STEFFAN THOMAS MUSEUM OF ART
    4200 BETHANY RD
    BUCKHEAD,GA30625     		N/A PUBLIC GRANTS-MILLEDGEVILLE JR BOARDARCHIVAL SUPPLIES 2,265
    WASHINGTON COUNTY HISTORICAL SOCIETY
    268 NORTH HARRIS ST
    SANDERSVILLE,GA31082     		N/A PUBLIC GRANTS-MILLEDGEVILLE JR BOARDFLAT FILING CABINETS 5,000
    ABBEVILLE COUNTY HISTORICAL SOCIETY
    305 N MAIN ST
    ABBEVILLE,GA29620     		N/A PUBLIC GRANTS-THOMSON JR BOARDSTABLZATION OF 3 SERVANTS CABINS AT MCGOWAN-BARKSDALE-BUNDY HOUSE 10,000
    AUGUSTA MUSEUM OF HISTORY
    560 REYNOLDS ST
    AUGUSTA,GA30901     		N/A PUBLIC GRANTS-THOMSON JR BOARDMISSION FUNDS 6,000
    CITY OF WASHINGTON
    PO BOX 9
    WASHINGTON,GA30673     		N/A PUBLIC GRANTS-THOMSON JR BOARDREPAIRS TO HEARD CABIN AT CALLAWAY PLANTATION 8,028
    DELTA HOUSE INC
    116 PHILLIPS ST
    AUGUSTA,GA30901     		N/A PUBLIC GRANTS-THOMSON JR BOARDRECORDING OF 15 ORAL HISTORIES FOR LUCY CRAFT LANEY MUSEUM OF BLACK HISTORY 2,250
    SRS HERITAGE FOUNDATION INC
    PO BOX 2226
    AIKEN,GA29802     		N/A PUBLIC GRANTS-THOMSON JR BOARDTREATMENT PLAN FOR DIBBLE MEMORIAL LIBRARY ARCHITECTURAL ELEMENT 1,850
    WARRENTON FIRST UNITED METHODIST CHURCH
    PO BOX 432
    WARRENTON,GA30828     		N/A PUBLIC GRANTS-THOMSON JR BOARDREROOFING OF CHURCH SANCTUARY 5,000
    ABRAHAM BALDWIN AGRICULTURAL COLLEGE
    2802 MOORE HWY
    TIFTON,GA31794     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 6,500
    AGNES SCOTT COLLEGE
    141 E COLLEGE AVE
    DECATUR,GA30030     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 13,000
    ALABAMA A&M UNIVERSITY
    PO BOX 907
    NORMAL,AL35762     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    ALBANY STATE UNIVERSITY
    504 COLLEGE DR
    ALBANY,GA31705     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 6,500
    ALCORN STATE UNIVERSITY
    1000 ASU DRIVE
    LORMAN,MS390967500     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    AMERICAN UNIVERSITY
    4400 MASSACHUSETTS AVE NW
    WASHINGTON,DC20016     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,000
    ANDERSON UNIVERSITY
    316 BOULEVARD BOX 1142
    ANDERSON,SC29621     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 39,774
    APPALACHIAN STATE UNIVERSITY
    ASU BOX 32059
    BOONE,NC286082059     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    ASBURY UNIVERSITY
    ONE MACKLEM DR
    WILMORE,KY40390     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    AUBURN UNIVERSITY
    108 MARY MARTIN HALL
    AUBURN,AL36849     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 9,000
    AUGUSTA UNIVERSITY
    11250 15TH ST
    AUGUSTA,GA309120004     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 285,500
    BARNARD COLLEGE
    11 MILLBANK HALL 3009 BROADWAY
    NEW YORK,NY10027     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    BELMONT ABBEY COLLEGE
    100 BELMONT-MT HOLLY RD
    BELMONT,NC280121802     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    BENEDICT COLLEGE
    1600 HARDEN ST
    COLUMBIA,SC29204     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 1,109
    BENTLEY UNIVERSITY
    175 FOREST ST
    WALTHAM,MA02452     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    BEREA COLLEGE
    101 CHESTNUT ST
    BEREA,KY40404     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    BERRY COLLEGE
    2277 MARTHA BERRY HWY
    MT BERRY,GA30149     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 14,000
    BOB JONES UNIVERSITY
    1700 WADE HAMPTON BLVD
    GREENVILLE,SC29614     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 14,000
    BOSTON UNIVERSITY
    881 COMMONWEALTH AVE
    BOSTON,MS02215     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    BREVARD COLLEGE
    ONE BREVARD COLLEGE DR
    BREVARD,NC28712     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    BRIGHAM YOUNG UNIVERSITY
    D155 ASB
    PROVO,UT84602     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    BROWN UNIVERSITY
    CAMPUS BOX 1911
    PROVIDENCE,RI02912     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 16,500
    CATHOLIC UNIVERSITY OF AMERICA
    620 MICHIGAN AVE NE
    WASHINGTON,DC20064     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    CENTRE COLLEGE
    600 WEST WALNUT ST
    DANVILLE,KY40422     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    CHARLESTON SOUTHERN UNIVERSITY
    PO BOX 118087
    CHARLESTON,SC29423     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 20,338
    CITADEL
    171 MOULTRIE ST
    CHARLESTON,SC29409     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    CLAFLIN UNIVERSITY
    400 MAGNOLIA ST
    ORANGEBURG,SC29115     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 20,500
    CLARK ATLANTA UNIVERSITY
    223 JAMES P BRAWLEY DR SW
    ATLANTA,GA30314     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    CLEMSON UNIVERSITY
    G-08 SIKES HALL BOX 345307
    CLEMSON,SC296345307     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 413,498
    COASTAL CAROLINA UNIVERSITY
    PO BOX 261954
    CONWAY,SC295286054     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,329
    COLLEGE OF CHARLESTON
    66 GEORGE STREET
    CHARLESTON,SC294240001     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 74,000
    COLUMBIA COLLEGE
    1301 COLUMBIA COLLEGE DR
    COLUMBIA,SC29203     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    COLUMBIA INTERNATIONAL UNIVERSITY
    PO BOX 3122
    COLUMBIA,SC29230     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    COLUMBIA UNIVERSITY
    2960 BROADWAY
    NEW YORK,NY100276902     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,775
    COLUMBUS STATE UNIVERSITY
    4225 UNIVERSITY AVE
    COLUMBUS,GA31907     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,000
    CONVERSE COLLEGE
    580 E MAIN ST
    SPARTANBURG,SC293020006     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 25,000
    CORNELL UNIVERSITY
    PO BOX 752
    ITHACA,NY14851     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    COVENANT COLLEGE
    14049 SCENIC HWY
    LOOKOUT MOUNTAIN,GA30750     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 9,000
    CUNY JOHN JAY COLLEGE OF CRIMINAL JUSTICE
    524 W 59TH ST
    NEW YORK,NY10019     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    CUNY LEHMAN COLLEGE
    SH-031 250 BEDFORD PARK BLVD WEST
    BRONX,NY10468     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    DARTMOUTH COLLEGE
    6016 MCNUTT HALL
    HANOVER,NH037553541     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,000
    DAVIDSON COLLEGE
    PO BOX 7157
    DAVIDSON,NC280357157     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    DUKE UNIVERSITY
    BOX 90759
    DURHAM,NC277080759     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 46,500
    EAST GEORGIA STATE COLLEGE
    131 COLLEGE CIRCLE
    SWAINSBORO,GA30401     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 11,500
    EMMANUEL COLLEGE
    PO BOX 129
    FRANKLIN SPRINGS,GA30639     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,000
    EMORY UNIVERSITY
    300 BOISFEUILLET JONES CTR
    ATLANTA,GA30322     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 32,000
    ERSKINE COLLEGE
    TWO WASHINGTON ST
    DUE WEST,SC29639     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 9,000
    FLORIDA A&M
    FOOTIE HILYER ST
    TALLAHASSEE,FL32307     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    FLORIDA STATE UNIVERSITY
    A-1500 UNIVERSITY CENTER
    TALLAHASSEE,FL32306     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,000
    FORT VALLEY STATE UNIVERSITY
    1005 STATE UNIVERSITY DR
    FORT VALLEY,GA31030     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    FRANCIS MARION UNIVERSITY
    PO BOX 100547
    FLORENCE,SC29502     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,000
    FURMAN UNIVERSITY
    3300 POINSETT HWY
    GREENVILLE,SC296135253     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 68,000
    GEORGETOWN UNIVERSITY
    37TH AND O STREETS NW 19 HEALY HALL
    WASHINGTON,DC200571252     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    GEORGIA COLLEGE & STATE UNIVERSITY
    11935 ABERCORN ST
    MILLEDGEVILLE,GA31061     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 41,000
    GEORGIA INSTITUTE OF TECHNOLOGY
    225 NORTH AVE
    ATLANTA,GA303320460     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 161,000
    GEORGIA MILITARY COLLEGE
    115 DAVIS RD
    AUGUSTA,GA30907     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    GEORGIA SOUTHERN UNIVERSITY
    PO BOX 8155
    STATESBORO,GA30460     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 150,000
    GEORGIA SOUTHERN UNIVERSITY ARMSTRONG
    VICTOR HALL ROOM 231
    SAVANNAH,GA31419     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 29,500
    GEORGIA STATE UNIVERSITY
    PO BOX 4040
    ATLANTA,GA303024040     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 75,000
    GRINNELL COLLEGE
    1227 PARK ST 2ND FLOOR
    GRINNELL,IA50112     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    HARVARD UNIVERSITY
    86 BRATTLE ST
    CAMBRIDGE,MA02138     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 17,000
    HOWARD UNIVERSITY
    2400 SIXTH ST NW STE 218
    WASHINGTON,DC20059     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,000
    ILLINOIS INSTITUTE OF TECHNOLOGY
    W 33RD ST PERLSTEIN HALL 206
    CHICAGO,IL60616     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    INDIANA UNIVERSITY BLOOMINGTON
    400 EAST 7TH STPOPLARS BUILDING
    BLOOMINGTON,IN474051223     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    JACKSON STATE UNIVERSITY
    PO BOX 17065 BF ROBERTS HALL 1ST
    FLOOR
    JACKSON,MS39217     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    JOHNS HOPKINS UNIVERSITY
    3400 N CHARLES ST
    BALTIMORE,MD212182683     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    JOHNSON AND WALES UNIVERSITY
    801 WEST TRADE ST
    CHARLOTTE,NC28202     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 6,500
    KANSAS STATE UNIVESITY MANHATTAN
    1601 VATTIER ST 104 FAIRCHILD HALL
    MANHATTAN,KS665061104     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,000
    KENNESAW STATE UNIVERSITY
    585 COBB AVE NW
    KENNESAW,GA30144     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 80,000
    KINGS COLLEGE
    56 BROADWAY
    NEW YORK,NY10004     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    LANDER UNIVERSITY
    320 STANLEY AVE
    LANDER,SC29649     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 61,000
    LEE UNIVERSITY
    PO BOX 3450
    CLEVELAND,TN373203450     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    LIBERTY UNIVERSITY
    PO BOX 10425
    LYNCHBURG,VA24515     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 6,500
    LYNN UNIVERSITY
    3601 N MILITARY TRAIL GREEN CENTER
    BOCA RATON,FL33431     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    MANNES SCHOOL OF MUSIC
    72 FIFTH AVE
    NEW YORK,NY10011     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    MARS HILL UNIVERSITY
    PO BOX 6686
    MARS HILL,NC28754     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    77 MASSACHUSETTS AVE
    CAMBRIDGE,MA02139     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,500
    MERCER UNIVERSITY
    1501 MERCER UNIVERSITY DR
    MACON,GA31207     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 40,500
    MERRITT COLLEGE
    12500 CAMPUS DR
    OAKLAND,CA94619     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    MIDDLE GEORGIA STATE UNIVERSITY
    1100 SECOND ST SE
    COCHRAN,GA31014     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,000
    MILLS COLLEGE
    5000 MCARTHUR BLVD
    OAKLAND,CA94613     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,000
    MISSISSIPPI STATE
    PO BOX 6035 GARNER HALL
    MISSISSIPPI STATE,MS39762     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 9,000
    MONTREAT COLLEGE
    PO BOX 1267
    MONTREAT,NC28757     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    MOREHOUSE COLLEGE
    830 WESTVIEW DR
    ATLANTA,GA30314     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,000
    NEW YORK UNIVERSITY
    105 EAST 17TH ST
    NEW YORK,NY10003     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 13,500
    NORTH CAROLINA A&T STATE UNIVERSITY
    1601 E MARKET ST
    GREENSBORO,NC27411     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,000
    NORTH CAROLINA CENTRAL UNIVERSITY
    PO BOX 19713
    DURHAM,NC27707     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 1,581
    NORTH CAROLINA STATE UNIVERSITY
    2016 HARRIS HALL
    RALEIGH,NC27695     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 9,000
    NORTH GREENVILLE UNIVERSITY
    PO BOX 1892
    GREENVILLE,SC29688     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 35,000
    OGLETHORPE UNIVERSITY
    4484 PEACHTREE RD NE
    ATLANTA,GA30319     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 9,000
    OXFORD COLLEGE OF EMORY UNIVERSITY
    810 WHATCOAT ST
    OXFORD,GA30054     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,353
    PALM BEACH ATLANTIC UNIVERSITY
    901 S FLAGLER DR
    WEST PALM BEACH,FL33401     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    PARSON'S SCHOOL OF DESIGN
    66 5TH AVE
    NEW YORK,NY10011     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 649
    PITZER COLLEGE
    1060 N MILLS AVE MCCONNELL 320
    CLAREMONT,CA917116101     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    PRESBYTERIAN COLLEGE
    503 SOUTH BROAD ST
    CLINTON,SC29325     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 30,500
    PRINCETON UNIVERSITY
    PO BOX 35
    PRINCETON,NJ08543     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 9,500
    QUEENS UNIVERSITY
    1900 SELWYN AVE
    CHARLOTTE,NC28274     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    ROCHESTER INSTITUTE OF TECHNOLOGY
    56 LOMB MEMORIAL DR
    ROCHESTER,NY14263     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    ROCKY MOUNTAIN COLLEGE OF ART & DESIGN
    1600 PIERCE ST
    DENVER,CO80214     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    SAMFORD UNIVERSITY
    800 LAKESHORE DR
    BIRMINGHAM,AL35229     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 9,500
    SARAH LAWRENCE COLLEGE
    1 MEAD WAY
    BRONXVILLE,NY107085999     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    SAVANNAH COLLEGE OF ART & DESIGN
    PO BOX 2072
    SAVANNAH,GA314023146     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 14,168
    SAVANNAH STATE
    PO BOX 20523
    SAVANNAH,GA31404     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 9,000
    SCHOOL OF ART INSTITUTE OF CHICAGO
    36 S WABASH AVE
    CHICAGO,IL60603     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,000
    SCHOOL OF VISUAL ARTS NY
    209 EAST 23 ST
    NEW YORK,NY100103994     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    SOUTHERN ADVENTIST UNIVERSITY
    PO BOX 370
    COLLEGEDALE,TN373150370     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    SOUTHERN METHODIST UNIVERSITY
    PO BOX 750181
    DALLAS,TX75275     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    SPELMAN COLLEGE
    350 SPELMAN LANE SQ
    ATLANTA,GA30314     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 500
    STANFORD UNIVERSITY
    520 LASUEN MALL
    STANFORD,CA943053021     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,000
    TEMPLE UNIVERSITY
    PO BOX 828799
    PHILADELPHIA,PA191828799     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    TOCCOA FALLS COLLEGE
    PO BOX 800-900
    TOCCOA FALLS,GA30598     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 18,500
    TRIDENT TECHNICAL COLLEGE
    PO BOX 118067
    CHARLESTON,SC29423     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 628
    TRUETT-MCCONNELL COLLEGE
    100 ALUMNI DR
    CLEVELAND,GA30528     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    TUFTS UNIVERSITY
    DOWLING HALL7TH FLOOR
    MEDFORD,MA02155     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,500
    TUSKEGEE UNIVERSITY
    CARNEGIE HALL 2ND FLOOR
    TUSKEGEE,AL36088     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 11,000
    UNIVERSITY AT BUFFALO
    232 CAPEN HALL
    BUFFALO,NY14261     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    UNIVERSITY OF ALABAMA
    BOX 870109
    TUSCALOOSA,AL554870109     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 11,000
    UNIVERSITY OF ALABAMA HUNTSVILLE
    301 SPARKMAN DR UNIVERSITY CENTER
    212
    HUNTSVILLE,AL35899     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,000
    UNIVERSITY OF CALIFORNIA LOS ANGELES
    1147 MURPHY HALL
    LOS ANGELES,CA900951436     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    UNIVERSITY OF CHICAGO
    5801 SELLIS AVE ADMINISTRATION BLDG
    101
    CHICAGO,IL60637     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    UNIVERSITY OF DALLAS
    1845 E NORTHGATE DR
    IRVING,TX750624736     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    UNIVERSITY OF GEORGIA
    220 HOLMES/HUNTER ACADEMIC BLDG
    ATHENS,GA306026114     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 328,500
    UNIVERSITY OF MARY WASHINGTON
    1301 COLLEGE AVE
    FREDRICKSBURG,VA224015300     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    UNIVERSITY OF MICHIGAN
    515 E JEFFERSON ST
    ANN ARBOR,MI481091316     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    UNIVERSITY OF NEVADA-LAS VEGAS
    4505 S MARYLAND PKWY
    LAS VEGAS,NV89154     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    UNIVERSITY OF NORTH CAROLINA-CHAPEL HILL
    103 BYNUM HALL CB 1400
    CHAPEL HILL,NC275991400     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 11,869
    UNIVERSITY OF NORTH GEORGIA
    82 COLLEGE CIRCLE
    DAHLONEGA,GA30597     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 46,000
    UNIVERSITY OF NOTRE DAME
    115 MAIN BLDG
    NOTRE DAME,IN46556     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 9,500
    UNIVERSITY OF PENNSYLVANIA
    3451 WALNUT ST
    PHILADELPHIA,PA191046270     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 9,500
    UNIVERSITY OF RICHMOND
    28 WESTHAMPTON WAY
    RICHMOND,VA23173     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    UNIVERSITY OF SOUTH ALABAMA MOBILE
    390 ALUMNI CIRCLE
    MOBILE,AL36688     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    UNIVERSITY OF SOUTHERN CALIFORNIA
    700 CHILDS WAY
    LOS ANGELES,CA900890914     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 9,000
    UNIVERSITY OF TENNESSEE
    320 STUDENT SERVICES BLDG
    KNOXVILLE,TN379960230     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,000
    UNIVERSITY OF VIRGINIA
    PO BOX 400204
    CHARLOTTESVILLE,VA229044228     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 14,000
    UNIVERSITY OF WEST GA
    1601 MAPLE ST
    CARROLLTON,GA301184400     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 9,000
    UNIVERSITY OF SOUTH CAROLINA-AIKEN
    471 UNIVERSITY PKWY
    AIKEN,SC29801     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 81,000
    UNIVERSITY OF SOUTH CAROLINA-BEAUFORT
    801 CARTERET ST
    BEAUFORT,SC29902     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    UNIVERSITY OF SOUTH CAROLINA-COLUMBIA
    516 MAIN ST
    COLUMBIA,SC29208     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 314,502
    UNIVERSITY OF SOUTH CAROLINA-UPSTATE
    800 UNIVERSITY WAY
    SPARTANBURG,SC29303     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 83,500
    VALDOSTA STATE UNIVERSITY
    1500 N PATTERSON ST
    VALDOSTA,GA31698     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 31,500
    VANDERBILT UNIVERSITY
    2309 WEST END AVE
    NASHVILLE,TN372031725     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 17,000
    VASSAR COLLEGE
    124 RAYMOND AVE
    POUGHKEEPSIE,NY126040008     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    VILLANOVA
    800 LANCASTER AVE
    VILLANOVA,PA19085     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    WAKE FOREST UNIVERSITY
    PO BOX 7246
    WINSTONSALEM,NC27109     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 11,500
    WASHINGTON AND LEE UNIVERSITY
    23 UNIVERSITY PL
    LEXINGTON,VA24450     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    WASHINGTON UNIVERSITY IN ST LOUIS
    ONE BROOKINGS DR
    ST LOUIS,MO63130     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    WELLESLEY COLLEGE
    106 CENTRAL ST
    WELLESLEY,MA02481     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 9,000
    WESLEYAN COLLEGE
    4760 FORSYTH RD
    MACON,GA312104462     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,000
    WESTMONT COLLEGE
    955 LA PAZ RD
    SANTA BARBARA,CA93108     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    WILLIAMS COLLEGE
    PO BOX 370
    WILLIAMSTOWN,MA01267     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,000
    WINGATE UNIVERSITY
    CAMPUS BOX 3001
    WINGATE,NC28174     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    WINTHROP UNIVERSITY
    701 OAKLAND AVE
    ROCK HILL,SC29733     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 69,000
    WITTENBERG UNIVERSITY
    PO BOX 720
    SPRINGFIELD,OH45501     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    WOFFORD COLLEGE
    429 N CHURCH ST
    SPARTANBURG,SC293033663     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 77,000
    WORCHESTER POLYTECHNIC INSTITUTE
    100 INSTITUTE RD
    WORCHESTER,MA01609     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 4,500
    YALE UNIVERSITY
    PO BOX 208288 246 CHURCH ST
    NEW HAVEN,CT06520     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 9,500
    YOUNG HARRIS COLLEGE
    PO BOX 247
    YOUNG HARRIS,GA30582     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,000
    FEDERAL RESERVE BANK
    1000 PEACHTREE ST NE
    ATLANTA,GA30309     		N/A PUBLIC HR COMPLIANCE & SUPPORT AS PART OF THE MBA/MONROE KIMBREL ENDOWMENT PROGRAM. THE STUDENT AWARDED THE SCHOLARSHIP WILL WORK AT THE FEDERAL RESERVE BANK AND THE FOUNDATION WILL PROVIDE 1/2 OF THE STUDENTS SALARY. 7,500
    Total .................................bullet 3a 4,101,342
    bApproved for future payment
    Total .................................bullet 3b 0
    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
    aHICKORY HILL MUSEUM TOUR/OTHER         56
    bSUMMER CAMPS         1,620
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 64  
    4 Dividends and interest from securities....     14 2,860,578  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 19,173  
    6 Net rental income or (loss) from personal property          
    7 Other investment income..... 531390 0 14 280,444  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 2,785,607  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory         498
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 5,945,866 2,174
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,948,040
    (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.)
    1A TOURS OF HICKORY HILL, HISTORIC HOME OF THOMAS E. WATSON
    1B TEACHER WORKSHOP TO TRAIN IN THE USE OF PRIMARY SOURCE MATERIALS
    1B ENVIRONMENTAL AND ARCHEOLOGICAL EDUCATION OF CHILDREN AND YOUNG ADULTS
    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


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